id	sid	tid	token	lemma	pos
ijtc-1031	1	1	the	the	DET
ijtc-1031	1	2	illomata	illomata	PROPN
ijtc-1031	1	3	international	international	PROPN
ijtc-1031	1	4	journal	journal	PROPN
ijtc-1031	1	5	of	of	ADP
ijtc-1031	1	6	management	management	NOUN
ijtc-1031	1	7	ilomata	ilomata	PROPN
ijtc-1031	1	8	international	international	ADJ
ijtc-1031	1	9	journal	journal	NOUN
ijtc-1031	1	10	of	of	ADP
ijtc-1031	1	11	tax	tax	PROPN
ijtc-1031	1	12	&	&	CCONJ
ijtc-1031	1	13	accounting	account	VERB
ijtc-1031	1	14	p	p	PROPN
ijtc-1031	1	15	-	-	PUNCT
ijtc-1031	1	16	issn	issn	NOUN
ijtc-1031	1	17	:	:	PUNCT
ijtc-1031	1	18	2714	2714	NUM
ijtc-1031	1	19	-	-	SYM
ijtc-1031	1	20	9838	9838	NUM
ijtc-1031	1	21	;	;	PUNCT
ijtc-1031	1	22	e	e	X
ijtc-1031	1	23	-	-	PUNCT
ijtc-1031	1	24	issn	issn	NOUN
ijtc-1031	1	25	:	:	PUNCT
ijtc-1031	1	26	2714	2714	NUM
ijtc-1031	1	27	-	-	SYM
ijtc-1031	1	28	9846	9846	NUM
ijtc-1031	1	29	volume	volume	NOUN
ijtc-1031	1	30	5	5	NUM
ijtc-1031	1	31	,	,	PUNCT
ijtc-1031	1	32	issue	issue	NOUN
ijtc-1031	1	33	1	1	NUM
ijtc-1031	1	34	,	,	PUNCT
ijtc-1031	1	35	january	january	PROPN
ijtc-1031	1	36	2024	2024	NUM
ijtc-1031	1	37	page	page	NOUN
ijtc-1031	1	38	no	no	NOUN
ijtc-1031	1	39	.	.	PUNCT
ijtc-1031	2	1	144	144	NUM
ijtc-1031	2	2	-	-	SYM
ijtc-1031	2	3	161	161	NUM
ijtc-1031	2	4	144	144	NUM
ijtc-1031	2	5	|	|	ADV
ijtc-1031	2	6	ilomata	ilomata	PROPN
ijtc-1031	2	7	international	international	ADJ
ijtc-1031	2	8	journal	journal	NOUN
ijtc-1031	2	9	of	of	ADP
ijtc-1031	2	10	tax	tax	PROPN
ijtc-1031	2	11	&	&	CCONJ
ijtc-1031	2	12	accounting	account	VERB
ijtc-1031	2	13	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-1031	2	14	the	the	DET
ijtc-1031	2	15	influence	influence	NOUN
ijtc-1031	2	16	of	of	ADP
ijtc-1031	2	17	tax	tax	NOUN
ijtc-1031	2	18	exclusion	exclusion	NOUN
ijtc-1031	2	19	policies	policy	NOUN
ijtc-1031	2	20	and	and	CCONJ
ijtc-1031	2	21	other	other	ADJ
ijtc-1031	2	22	factors	factor	NOUN
ijtc-1031	2	23	on	on	ADP
ijtc-1031	2	24	the	the	DET
ijtc-1031	2	25	value	value	NOUN
ijtc-1031	2	26	of	of	ADP
ijtc-1031	2	27	dividends	dividend	NOUN
ijtc-1031	2	28	paid	pay	VERB
ijtc-1031	2	29	by	by	ADP
ijtc-1031	2	30	public	public	ADJ
ijtc-1031	2	31	companies	company	NOUN
ijtc-1031	2	32	in	in	ADP
ijtc-1031	2	33	indonesia	indonesia	PROPN
ijtc-1031	2	34	mohamad	mohamad	PROPN
ijtc-1031	2	35	nor	nor	CCONJ
ijtc-1031	2	36	rizal1	rizal1	PROPN
ijtc-1031	2	37	,	,	PUNCT
ijtc-1031	2	38	supriyadi2	supriyadi2	ADJ
ijtc-1031	2	39	,	,	PUNCT
ijtc-1031	2	40	mohammad	mohammad	PROPN
ijtc-1031	2	41	fachrudin3	fachrudin3	PROPN
ijtc-1031	2	42	1the	1the	ADJ
ijtc-1031	2	43	directorate	directorate	ADJ
ijtc-1031	2	44	general	general	NOUN
ijtc-1031	2	45	of	of	ADP
ijtc-1031	2	46	taxes	taxis	NOUN
ijtc-1031	2	47	,	,	PUNCT
ijtc-1031	2	48	indonesia	indonesia	PROPN
ijtc-1031	2	49	23polytechnic	23polytechnic	PROPN
ijtc-1031	2	50	of	of	ADP
ijtc-1031	2	51	state	state	NOUN
ijtc-1031	2	52	finance	finance	PROPN
ijtc-1031	2	53	stan	stan	PROPN
ijtc-1031	2	54	,	,	PUNCT
ijtc-1031	2	55	indonesia	indonesia	PROPN
ijtc-1031	2	56	correspondent	correspondent	NOUN
ijtc-1031	2	57	:	:	PUNCT
ijtc-1031	2	58	mnrizal96@gmail.com1	mnrizal96@gmail.com1	PROPN
ijtc-1031	2	59	received	receive	VERB
ijtc-1031	2	60	:	:	PUNCT
ijtc-1031	2	61	november	november	PROPN
ijtc-1031	2	62	4	4	NUM
ijtc-1031	2	63	,	,	PUNCT
ijtc-1031	2	64	2023	2023	NUM
ijtc-1031	2	65	accepted	accept	VERB
ijtc-1031	2	66	:	:	PUNCT
ijtc-1031	2	67	december	december	PROPN
ijtc-1031	2	68	31	31	NUM
ijtc-1031	2	69	,	,	PUNCT
ijtc-1031	2	70	2023	2023	NUM
ijtc-1031	2	71	published	publish	VERB
ijtc-1031	2	72	:	:	PUNCT
ijtc-1031	2	73	january	january	PROPN
ijtc-1031	2	74	31	31	NUM
ijtc-1031	2	75	,	,	PUNCT
ijtc-1031	2	76	2024	2024	NUM
ijtc-1031	2	77	citation	citation	NOUN
ijtc-1031	2	78	:	:	PUNCT
ijtc-1031	3	1	rizal	rizal	NOUN
ijtc-1031	3	2	,	,	PUNCT
ijtc-1031	3	3	m	m	PROPN
ijtc-1031	3	4	,	,	PUNCT
ijtc-1031	3	5	n.	n.	NOUN
ijtc-1031	3	6	,	,	PUNCT
ijtc-1031	3	7	supriyadi	supriyadi	NOUN
ijtc-1031	3	8	,	,	PUNCT
ijtc-1031	3	9	&	&	CCONJ
ijtc-1031	3	10	fachrudin	fachrudin	PROPN
ijtc-1031	3	11	,	,	PUNCT
ijtc-1031	3	12	m.	m.	NOUN
ijtc-1031	3	13	(	(	PUNCT
ijtc-1031	3	14	2024	2024	NUM
ijtc-1031	3	15	)	)	PUNCT
ijtc-1031	3	16	.	.	PUNCT
ijtc-1031	4	1	the	the	DET
ijtc-1031	4	2	influence	influence	NOUN
ijtc-1031	4	3	of	of	ADP
ijtc-1031	4	4	tax	tax	NOUN
ijtc-1031	4	5	exclusion	exclusion	NOUN
ijtc-1031	4	6	policies	policy	NOUN
ijtc-1031	4	7	and	and	CCONJ
ijtc-1031	4	8	other	other	ADJ
ijtc-1031	4	9	factors	factor	NOUN
ijtc-1031	4	10	on	on	ADP
ijtc-1031	4	11	the	the	DET
ijtc-1031	4	12	value	value	NOUN
ijtc-1031	4	13	of	of	ADP
ijtc-1031	4	14	dividends	dividend	NOUN
ijtc-1031	4	15	paid	pay	VERB
ijtc-1031	4	16	by	by	ADP
ijtc-1031	4	17	public	public	ADJ
ijtc-1031	4	18	companies	company	NOUN
ijtc-1031	4	19	in	in	ADP
ijtc-1031	4	20	indonesia	indonesia	PROPN
ijtc-1031	4	21	.	.	PUNCT
ijtc-1031	5	1	ilomata	ilomata	PROPN
ijtc-1031	5	2	international	international	ADJ
ijtc-1031	5	3	journal	journal	NOUN
ijtc-1031	5	4	of	of	ADP
ijtc-1031	5	5	tax	tax	NOUN
ijtc-1031	5	6	and	and	CCONJ
ijtc-1031	5	7	accounting	accounting	NOUN
ijtc-1031	5	8	,	,	PUNCT
ijtc-1031	5	9	5(1	5(1	NUM
ijtc-1031	5	10	)	)	PUNCT
ijtc-1031	5	11	,	,	PUNCT
ijtc-1031	5	12	144	144	NUM
ijtc-1031	5	13	-	-	SYM
ijtc-1031	5	14	161	161	NUM
ijtc-1031	5	15	.	.	PUNCT
ijtc-1031	6	1	https://doi.org/10.52728/ijtc.v5i1.1031	https://doi.org/10.52728/ijtc.v5i1.1031	NOUN
ijtc-1031	6	2	abstract	abstract	NOUN
ijtc-1031	6	3	:	:	PUNCT
ijtc-1031	6	4	this	this	DET
ijtc-1031	6	5	research	research	NOUN
ijtc-1031	6	6	aims	aim	VERB
ijtc-1031	6	7	to	to	PART
ijtc-1031	6	8	determine	determine	VERB
ijtc-1031	6	9	the	the	DET
ijtc-1031	6	10	effect	effect	NOUN
ijtc-1031	6	11	of	of	ADP
ijtc-1031	6	12	the	the	DET
ijtc-1031	6	13	dividend	dividend	NOUN
ijtc-1031	6	14	exclusion	exclusion	NOUN
ijtc-1031	6	15	policy	policy	NOUN
ijtc-1031	6	16	as	as	ADP
ijtc-1031	6	17	a	a	DET
ijtc-1031	6	18	tax	tax	NOUN
ijtc-1031	6	19	object	object	NOUN
ijtc-1031	6	20	as	as	SCONJ
ijtc-1031	6	21	regulated	regulate	VERB
ijtc-1031	6	22	in	in	ADP
ijtc-1031	6	23	the	the	DET
ijtc-1031	6	24	undang	undang	PROPN
ijtc-1031	6	25	-	-	PUNCT
ijtc-1031	6	26	undang	undang	PROPN
ijtc-1031	6	27	cipta	cipta	VERB
ijtc-1031	6	28	kerja	kerja	PROPN
ijtc-1031	6	29	and	and	CCONJ
ijtc-1031	6	30	its	its	PRON
ijtc-1031	6	31	derivatives	derivative	NOUN
ijtc-1031	6	32	on	on	ADP
ijtc-1031	6	33	dividends	dividend	NOUN
ijtc-1031	6	34	paid	pay	VERB
ijtc-1031	6	35	by	by	ADP
ijtc-1031	6	36	companies	company	NOUN
ijtc-1031	6	37	.	.	PUNCT
ijtc-1031	7	1	it	it	PRON
ijtc-1031	7	2	is	be	AUX
ijtc-1031	7	3	hoped	hope	VERB
ijtc-1031	7	4	that	that	SCONJ
ijtc-1031	7	5	dividend	dividend	NOUN
ijtc-1031	7	6	payments	payment	NOUN
ijtc-1031	7	7	can	can	AUX
ijtc-1031	7	8	become	become	VERB
ijtc-1031	7	9	a	a	DET
ijtc-1031	7	10	source	source	NOUN
ijtc-1031	7	11	of	of	ADP
ijtc-1031	7	12	investment	investment	NOUN
ijtc-1031	7	13	in	in	ADP
ijtc-1031	7	14	indonesia	indonesia	PROPN
ijtc-1031	7	15	so	so	SCONJ
ijtc-1031	7	16	that	that	SCONJ
ijtc-1031	7	17	an	an	DET
ijtc-1031	7	18	increase	increase	NOUN
ijtc-1031	7	19	in	in	ADP
ijtc-1031	7	20	the	the	DET
ijtc-1031	7	21	amount	amount	NOUN
ijtc-1031	7	22	of	of	ADP
ijtc-1031	7	23	dividends	dividend	NOUN
ijtc-1031	7	24	paid	pay	VERB
ijtc-1031	7	25	will	will	AUX
ijtc-1031	7	26	increase	increase	VERB
ijtc-1031	7	27	investment	investment	NOUN
ijtc-1031	7	28	in	in	ADP
ijtc-1031	7	29	indonesia	indonesia	PROPN
ijtc-1031	7	30	.	.	PUNCT
ijtc-1031	8	1	this	this	DET
ijtc-1031	8	2	research	research	NOUN
ijtc-1031	8	3	also	also	ADV
ijtc-1031	8	4	wants	want	VERB
ijtc-1031	8	5	to	to	PART
ijtc-1031	8	6	know	know	VERB
ijtc-1031	8	7	the	the	DET
ijtc-1031	8	8	effect	effect	NOUN
ijtc-1031	8	9	of	of	ADP
ijtc-1031	8	10	net	net	ADJ
ijtc-1031	8	11	profit	profit	NOUN
ijtc-1031	8	12	,	,	PUNCT
ijtc-1031	8	13	return	return	VERB
ijtc-1031	8	14	on	on	ADP
ijtc-1031	8	15	assets	asset	NOUN
ijtc-1031	8	16	(	(	PUNCT
ijtc-1031	8	17	roa	roa	NOUN
ijtc-1031	8	18	)	)	PUNCT
ijtc-1031	8	19	,	,	PUNCT
ijtc-1031	8	20	free	free	ADJ
ijtc-1031	8	21	cash	cash	NOUN
ijtc-1031	8	22	flow	flow	NOUN
ijtc-1031	8	23	(	(	PUNCT
ijtc-1031	8	24	fcf	fcf	NOUN
ijtc-1031	8	25	)	)	PUNCT
ijtc-1031	8	26	,	,	PUNCT
ijtc-1031	8	27	and	and	CCONJ
ijtc-1031	8	28	debt	debt	NOUN
ijtc-1031	8	29	-	-	PUNCT
ijtc-1031	8	30	to	to	ADP
ijtc-1031	8	31	-	-	PUNCT
ijtc-1031	8	32	equity	equity	NOUN
ijtc-1031	8	33	ratio	ratio	NOUN
ijtc-1031	8	34	(	(	PUNCT
ijtc-1031	8	35	der	der	NOUN
ijtc-1031	8	36	)	)	PUNCT
ijtc-1031	8	37	on	on	ADP
ijtc-1031	8	38	the	the	DET
ijtc-1031	8	39	dividends	dividend	NOUN
ijtc-1031	8	40	paid	pay	VERB
ijtc-1031	8	41	by	by	ADP
ijtc-1031	8	42	the	the	DET
ijtc-1031	8	43	company	company	NOUN
ijtc-1031	8	44	.	.	PUNCT
ijtc-1031	9	1	the	the	DET
ijtc-1031	9	2	data	datum	NOUN
ijtc-1031	9	3	used	use	VERB
ijtc-1031	9	4	in	in	ADP
ijtc-1031	9	5	the	the	DET
ijtc-1031	9	6	research	research	NOUN
ijtc-1031	9	7	is	be	AUX
ijtc-1031	9	8	data	datum	NOUN
ijtc-1031	9	9	from	from	ADP
ijtc-1031	9	10	2017	2017	NUM
ijtc-1031	9	11	–	–	PUNCT
ijtc-1031	9	12	2022	2022	NUM
ijtc-1031	9	13	which	which	PRON
ijtc-1031	9	14	comes	come	VERB
ijtc-1031	9	15	from	from	ADP
ijtc-1031	9	16	30	30	NUM
ijtc-1031	9	17	companies	company	NOUN
ijtc-1031	9	18	with	with	ADP
ijtc-1031	9	19	the	the	DET
ijtc-1031	9	20	largest	large	ADJ
ijtc-1031	9	21	market	market	NOUN
ijtc-1031	9	22	capitalization	capitalization	NOUN
ijtc-1031	9	23	on	on	ADP
ijtc-1031	9	24	the	the	DET
ijtc-1031	9	25	idx	idx	PROPN
ijtc-1031	9	26	.	.	PUNCT
ijtc-1031	10	1	the	the	DET
ijtc-1031	10	2	analysis	analysis	NOUN
ijtc-1031	10	3	was	be	AUX
ijtc-1031	10	4	carried	carry	VERB
ijtc-1031	10	5	out	out	ADP
ijtc-1031	10	6	using	use	VERB
ijtc-1031	10	7	multiple	multiple	ADJ
ijtc-1031	10	8	linear	linear	ADJ
ijtc-1031	10	9	regression	regression	NOUN
ijtc-1031	10	10	on	on	ADP
ijtc-1031	10	11	panel	panel	NOUN
ijtc-1031	10	12	data	datum	NOUN
ijtc-1031	10	13	using	use	VERB
ijtc-1031	10	14	the	the	DET
ijtc-1031	10	15	stata	stata	NOUN
ijtc-1031	10	16	application	application	NOUN
ijtc-1031	10	17	version	version	NOUN
ijtc-1031	10	18	16	16	NUM
ijtc-1031	10	19	.	.	PUNCT
ijtc-1031	11	1	based	base	VERB
ijtc-1031	11	2	on	on	ADP
ijtc-1031	11	3	the	the	DET
ijtc-1031	11	4	research	research	NOUN
ijtc-1031	11	5	results	result	NOUN
ijtc-1031	11	6	,	,	PUNCT
ijtc-1031	11	7	it	it	PRON
ijtc-1031	11	8	is	be	AUX
ijtc-1031	11	9	known	know	VERB
ijtc-1031	11	10	that	that	SCONJ
ijtc-1031	11	11	the	the	DET
ijtc-1031	11	12	policy	policy	NOUN
ijtc-1031	11	13	of	of	ADP
ijtc-1031	11	14	excluding	exclude	VERB
ijtc-1031	11	15	dividends	dividend	NOUN
ijtc-1031	11	16	as	as	ADP
ijtc-1031	11	17	a	a	DET
ijtc-1031	11	18	tax	tax	NOUN
ijtc-1031	11	19	object	object	NOUN
ijtc-1031	11	20	does	do	AUX
ijtc-1031	11	21	not	not	PART
ijtc-1031	11	22	have	have	VERB
ijtc-1031	11	23	a	a	DET
ijtc-1031	11	24	significant	significant	ADJ
ijtc-1031	11	25	effect	effect	NOUN
ijtc-1031	11	26	on	on	ADP
ijtc-1031	11	27	the	the	DET
ijtc-1031	11	28	dividends	dividend	NOUN
ijtc-1031	11	29	paid	pay	VERB
ijtc-1031	11	30	by	by	ADP
ijtc-1031	11	31	companies	company	NOUN
ijtc-1031	11	32	.	.	PUNCT
ijtc-1031	12	1	meanwhile	meanwhile	ADV
ijtc-1031	12	2	,	,	PUNCT
ijtc-1031	12	3	net	net	ADJ
ijtc-1031	12	4	profit	profit	NOUN
ijtc-1031	12	5	,	,	PUNCT
ijtc-1031	12	6	roa	roa	PROPN
ijtc-1031	12	7	,	,	PUNCT
ijtc-1031	12	8	and	and	CCONJ
ijtc-1031	12	9	fcf	fcf	PROPN
ijtc-1031	12	10	have	have	VERB
ijtc-1031	12	11	a	a	DET
ijtc-1031	12	12	significant	significant	ADJ
ijtc-1031	12	13	and	and	CCONJ
ijtc-1031	12	14	positive	positive	ADJ
ijtc-1031	12	15	effect	effect	NOUN
ijtc-1031	12	16	on	on	ADP
ijtc-1031	12	17	the	the	DET
ijtc-1031	12	18	dividends	dividend	NOUN
ijtc-1031	12	19	paid	pay	VERB
ijtc-1031	12	20	by	by	ADP
ijtc-1031	12	21	the	the	DET
ijtc-1031	12	22	company	company	NOUN
ijtc-1031	12	23	.	.	PUNCT
ijtc-1031	13	1	der	der	NOUN
ijtc-1031	13	2	is	be	AUX
ijtc-1031	13	3	also	also	ADV
ijtc-1031	13	4	known	know	VERB
ijtc-1031	13	5	to	to	PART
ijtc-1031	13	6	have	have	VERB
ijtc-1031	13	7	a	a	DET
ijtc-1031	13	8	significant	significant	ADJ
ijtc-1031	13	9	and	and	CCONJ
ijtc-1031	13	10	negative	negative	ADJ
ijtc-1031	13	11	effect	effect	NOUN
ijtc-1031	13	12	on	on	ADP
ijtc-1031	13	13	the	the	DET
ijtc-1031	13	14	dividends	dividend	NOUN
ijtc-1031	13	15	paid	pay	VERB
ijtc-1031	13	16	by	by	ADP
ijtc-1031	13	17	companies	company	NOUN
ijtc-1031	13	18	.	.	PUNCT
ijtc-1031	14	1	the	the	DET
ijtc-1031	14	2	implication	implication	NOUN
ijtc-1031	14	3	of	of	ADP
ijtc-1031	14	4	this	this	DET
ijtc-1031	14	5	research	research	NOUN
ijtc-1031	14	6	is	be	AUX
ijtc-1031	14	7	that	that	PRON
ijtc-1031	14	8	to	to	PART
ijtc-1031	14	9	increase	increase	VERB
ijtc-1031	14	10	the	the	DET
ijtc-1031	14	11	dividends	dividend	NOUN
ijtc-1031	14	12	paid	pay	VERB
ijtc-1031	14	13	by	by	ADP
ijtc-1031	14	14	the	the	DET
ijtc-1031	14	15	company	company	NOUN
ijtc-1031	14	16	,	,	PUNCT
ijtc-1031	14	17	the	the	DET
ijtc-1031	14	18	policies	policy	NOUN
ijtc-1031	14	19	implemented	implement	VERB
ijtc-1031	14	20	must	must	AUX
ijtc-1031	14	21	be	be	AUX
ijtc-1031	14	22	able	able	ADJ
ijtc-1031	14	23	to	to	PART
ijtc-1031	14	24	be	be	AUX
ijtc-1031	14	25	utilized	utilize	VERB
ijtc-1031	14	26	by	by	ADP
ijtc-1031	14	27	the	the	DET
ijtc-1031	14	28	majority	majority	NOUN
ijtc-1031	14	29	shareholders	shareholder	NOUN
ijtc-1031	14	30	and	and	CCONJ
ijtc-1031	14	31	there	there	PRON
ijtc-1031	14	32	will	will	AUX
ijtc-1031	14	33	be	be	AUX
ijtc-1031	14	34	an	an	DET
ijtc-1031	14	35	increase	increase	NOUN
ijtc-1031	14	36	in	in	ADP
ijtc-1031	14	37	the	the	DET
ijtc-1031	14	38	company	company	NOUN
ijtc-1031	14	39	's	's	PART
ijtc-1031	14	40	net	net	ADJ
ijtc-1031	14	41	profit	profit	NOUN
ijtc-1031	14	42	,	,	PUNCT
ijtc-1031	14	43	roa	roa	PROPN
ijtc-1031	14	44	,	,	PUNCT
ijtc-1031	14	45	and	and	CCONJ
ijtc-1031	14	46	fcf	fcf	NOUN
ijtc-1031	14	47	as	as	ADV
ijtc-1031	14	48	well	well	ADV
ijtc-1031	14	49	as	as	ADP
ijtc-1031	14	50	a	a	DET
ijtc-1031	14	51	decrease	decrease	NOUN
ijtc-1031	14	52	in	in	ADP
ijtc-1031	14	53	der	der	NOUN
ijtc-1031	14	54	.	.	PUNCT
ijtc-1031	15	1	keywords	keyword	NOUN
ijtc-1031	15	2	:	:	PUNCT
ijtc-1031	15	3	dividend	dividend	VERB
ijtc-1031	15	4	exclusion	exclusion	NOUN
ijtc-1031	15	5	policy	policy	NOUN
ijtc-1031	15	6	,	,	PUNCT
ijtc-1031	15	7	dividend	dividend	NOUN
ijtc-1031	15	8	payment	payment	NOUN
ijtc-1031	15	9	,	,	PUNCT
ijtc-1031	15	10	financial	financial	ADJ
ijtc-1031	15	11	performance	performance	NOUN
ijtc-1031	15	12	this	this	PRON
ijtc-1031	15	13	is	be	AUX
ijtc-1031	15	14	an	an	DET
ijtc-1031	15	15	open	open	ADJ
ijtc-1031	15	16	access	access	NOUN
ijtc-1031	15	17	article	article	NOUN
ijtc-1031	15	18	under	under	ADP
ijtc-1031	15	19	the	the	DET
ijtc-1031	15	20	cc	cc	NOUN
ijtc-1031	15	21	-	-	PUNCT
ijtc-1031	15	22	by	by	ADP
ijtc-1031	15	23	4.0	4.0	NUM
ijtc-1031	15	24	license	license	NOUN
ijtc-1031	15	25	.	.	PUNCT
ijtc-1031	16	1	introduction	introduction	NOUN
ijtc-1031	16	2	since	since	SCONJ
ijtc-1031	16	3	the	the	DET
ijtc-1031	16	4	enactment	enactment	NOUN
ijtc-1031	16	5	of	of	ADP
ijtc-1031	16	6	indonesia	indonesia	PROPN
ijtc-1031	16	7	law	law	PROPN
ijtc-1031	16	8	(	(	PUNCT
ijtc-1031	16	9	uu	uu	ADJ
ijtc-1031	16	10	)	)	PUNCT
ijtc-1031	16	11	number	number	NOUN
ijtc-1031	16	12	11	11	NUM
ijtc-1031	16	13	of	of	ADP
ijtc-1031	16	14	2020	2020	NUM
ijtc-1031	16	15	concerning	concern	VERB
ijtc-1031	16	16	job	job	NOUN
ijtc-1031	16	17	creation	creation	NOUN
ijtc-1031	16	18	(	(	PUNCT
ijtc-1031	16	19	job	job	NOUN
ijtc-1031	16	20	creation	creation	NOUN
ijtc-1031	16	21	law	law	NOUN
ijtc-1031	16	22	)	)	PUNCT
ijtc-1031	16	23	and	and	CCONJ
ijtc-1031	16	24	government	government	NOUN
ijtc-1031	16	25	regulation	regulation	NOUN
ijtc-1031	16	26	(	(	PUNCT
ijtc-1031	16	27	pp	pp	ADJ
ijtc-1031	16	28	)	)	PUNCT
ijtc-1031	16	29	number	number	NOUN
ijtc-1031	16	30	9	9	NUM
ijtc-1031	16	31	of	of	ADP
ijtc-1031	16	32	2021	2021	NUM
ijtc-1031	16	33	concerning	concern	VERB
ijtc-1031	16	34	tax	tax	NOUN
ijtc-1031	16	35	regulations	regulation	NOUN
ijtc-1031	16	36	to	to	PART
ijtc-1031	16	37	support	support	VERB
ijtc-1031	16	38	ease	ease	NOUN
ijtc-1031	16	39	of	of	ADP
ijtc-1031	16	40	doing	do	VERB
ijtc-1031	16	41	business	business	NOUN
ijtc-1031	16	42	,	,	PUNCT
ijtc-1031	16	43	there	there	PRON
ijtc-1031	16	44	have	have	AUX
ijtc-1031	16	45	been	be	AUX
ijtc-1031	16	46	several	several	ADJ
ijtc-1031	16	47	specific	specific	ADJ
ijtc-1031	16	48	regulations	regulation	NOUN
ijtc-1031	16	49	related	relate	VERB
ijtc-1031	16	50	to	to	ADP
ijtc-1031	16	51	taxation	taxation	NOUN
ijtc-1031	16	52	in	in	ADP
ijtc-1031	16	53	indonesia	indonesia	PROPN
ijtc-1031	16	54	that	that	PRON
ijtc-1031	16	55	have	have	AUX
ijtc-1031	16	56	changed	change	VERB
ijtc-1031	16	57	,	,	PUNCT
ijtc-1031	16	58	one	one	NUM
ijtc-1031	16	59	of	of	ADP
ijtc-1031	16	60	which	which	PRON
ijtc-1031	16	61	is	be	AUX
ijtc-1031	16	62	related	relate	VERB
ijtc-1031	16	63	to	to	ADP
ijtc-1031	16	64	tax	tax	NOUN
ijtc-1031	16	65	.	.	PUNCT
ijtc-1031	17	1	on	on	ADP
ijtc-1031	17	2	dividends	dividend	NOUN
ijtc-1031	17	3	.	.	PUNCT
ijtc-1031	18	1	with	with	ADP
ijtc-1031	18	2	the	the	DET
ijtc-1031	18	3	enactment	enactment	NOUN
ijtc-1031	18	4	of	of	ADP
ijtc-1031	18	5	the	the	DET
ijtc-1031	18	6	job	job	NOUN
ijtc-1031	18	7	creation	creation	NOUN
ijtc-1031	18	8	law	law	NOUN
ijtc-1031	18	9	government	government	NOUN
ijtc-1031	18	10	regulation	regulation	NOUN
ijtc-1031	18	11	number	number	NOUN
ijtc-1031	18	12	9	9	NUM
ijtc-1031	18	13	of	of	ADP
ijtc-1031	18	14	2021	2021	NUM
ijtc-1031	18	15	which	which	PRON
ijtc-1031	18	16	is	be	AUX
ijtc-1031	18	17	then	then	ADV
ijtc-1031	18	18	further	far	ADV
ijtc-1031	18	19	regulated	regulate	VERB
ijtc-1031	18	20	in	in	ADP
ijtc-1031	18	21	the	the	DET
ijtc-1031	18	22	minister	minister	NOUN
ijtc-1031	18	23	of	of	ADP
ijtc-1031	18	24	finance	finance	NOUN
ijtc-1031	18	25	regulation	regulation	NOUN
ijtc-1031	18	26	(	(	PUNCT
ijtc-1031	18	27	pmk	pmk	PROPN
ijtc-1031	18	28	)	)	PUNCT
ijtc-1031	18	29	number	number	NOUN
ijtc-1031	18	30	18	18	NUM
ijtc-1031	18	31	of	of	ADP
ijtc-1031	18	32	2021	2021	NUM
ijtc-1031	18	33	,	,	PUNCT
ijtc-1031	18	34	dividends	dividend	NOUN
ijtc-1031	18	35	paid	pay	VERB
ijtc-1031	18	36	or	or	CCONJ
ijtc-1031	18	37	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-1031	18	38	mailto:mnrizal96@gmail.com	mailto:mnrizal96@gmail.com	ADJ
ijtc-1031	18	39	https://doi.org/10.52728/ijtc.v5i1.1031	https://doi.org/10.52728/ijtc.v5i1.1031	NOUN
ijtc-1031	18	40	the	the	DET
ijtc-1031	18	41	influence	influence	NOUN
ijtc-1031	18	42	of	of	ADP
ijtc-1031	18	43	tax	tax	NOUN
ijtc-1031	18	44	exclusion	exclusion	NOUN
ijtc-1031	18	45	policies	policy	NOUN
ijtc-1031	18	46	and	and	CCONJ
ijtc-1031	18	47	other	other	ADJ
ijtc-1031	18	48	factors	factor	NOUN
ijtc-1031	18	49	on	on	ADP
ijtc-1031	18	50	the	the	DET
ijtc-1031	18	51	value	value	NOUN
ijtc-1031	18	52	of	of	ADP
ijtc-1031	18	53	dividends	dividend	NOUN
ijtc-1031	18	54	paid	pay	VERB
ijtc-1031	18	55	by	by	ADP
ijtc-1031	18	56	public	public	ADJ
ijtc-1031	18	57	companies	company	NOUN
ijtc-1031	18	58	in	in	ADP
ijtc-1031	18	59	indonesia	indonesia	PROPN
ijtc-1031	18	60	rizal	rizal	PROPN
ijtc-1031	18	61	,	,	PUNCT
ijtc-1031	18	62	supriyadi	supriyadi	NOUN
ijtc-1031	18	63	,	,	PUNCT
ijtc-1031	18	64	and	and	CCONJ
ijtc-1031	18	65	fachrudin	fachrudin	VERB
ijtc-1031	18	66	145	145	NUM
ijtc-1031	18	67	|	|	ADV
ijtc-1031	18	68	ilomata	ilomata	PROPN
ijtc-1031	18	69	international	international	ADJ
ijtc-1031	18	70	journal	journal	NOUN
ijtc-1031	18	71	of	of	ADP
ijtc-1031	18	72	tax	tax	PROPN
ijtc-1031	18	73	&	&	CCONJ
ijtc-1031	18	74	accounting	accounting	NOUN
ijtc-1031	18	75	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-1031	18	76	distributed	distribute	VERB
ijtc-1031	18	77	by	by	ADP
ijtc-1031	18	78	companies	company	NOUN
ijtc-1031	18	79	may	may	AUX
ijtc-1031	18	80	not	not	PART
ijtc-1031	18	81	be	be	AUX
ijtc-1031	18	82	subject	subject	ADJ
ijtc-1031	18	83	to	to	ADP
ijtc-1031	18	84	(	(	PUNCT
ijtc-1031	18	85	obligation	obligation	NOUN
ijtc-1031	18	86	to	to	PART
ijtc-1031	18	87	pay	pay	VERB
ijtc-1031	18	88	)	)	PUNCT
ijtc-1031	18	89	tax	tax	NOUN
ijtc-1031	18	90	or	or	CCONJ
ijtc-1031	18	91	in	in	ADP
ijtc-1031	18	92	statutory	statutory	ADJ
ijtc-1031	18	93	provisions	provision	NOUN
ijtc-1031	18	94	it	it	PRON
ijtc-1031	18	95	is	be	AUX
ijtc-1031	18	96	called	call	VERB
ijtc-1031	18	97	by	by	ADP
ijtc-1031	18	98	being	be	AUX
ijtc-1031	18	99	excluded	exclude	VERB
ijtc-1031	18	100	as	as	ADP
ijtc-1031	18	101	an	an	DET
ijtc-1031	18	102	object	object	NOUN
ijtc-1031	18	103	of	of	ADP
ijtc-1031	18	104	income	income	NOUN
ijtc-1031	18	105	tax	tax	NOUN
ijtc-1031	18	106	(	(	PUNCT
ijtc-1031	18	107	pph	pph	PROPN
ijtc-1031	18	108	)	)	PUNCT
ijtc-1031	18	109	.	.	PUNCT
ijtc-1031	19	1	the	the	DET
ijtc-1031	19	2	policy	policy	NOUN
ijtc-1031	19	3	of	of	ADP
ijtc-1031	19	4	excluding	exclude	VERB
ijtc-1031	19	5	dividends	dividend	NOUN
ijtc-1031	19	6	as	as	ADP
ijtc-1031	19	7	an	an	DET
ijtc-1031	19	8	income	income	NOUN
ijtc-1031	19	9	tax	tax	NOUN
ijtc-1031	19	10	object	object	NOUN
ijtc-1031	19	11	according	accord	VERB
ijtc-1031	19	12	to	to	ADP
ijtc-1031	19	13	the	the	DET
ijtc-1031	19	14	director	director	NOUN
ijtc-1031	19	15	of	of	ADP
ijtc-1031	19	16	tax	tax	NOUN
ijtc-1031	19	17	regulation	regulation	PROPN
ijtc-1031	19	18	ii	ii	PROPN
ijtc-1031	19	19	djp	djp	PROPN
ijtc-1031	19	20	,	,	PUNCT
ijtc-1031	19	21	yunirwansyah	yunirwansyah	NOUN
ijtc-1031	19	22	as	as	SCONJ
ijtc-1031	19	23	quoted	quote	VERB
ijtc-1031	19	24	in	in	ADP
ijtc-1031	19	25	ddtc	ddtc	NOUN
ijtc-1031	19	26	is	be	AUX
ijtc-1031	19	27	to	to	PART
ijtc-1031	19	28	increase	increase	VERB
ijtc-1031	19	29	and	and	CCONJ
ijtc-1031	19	30	meet	meet	VERB
ijtc-1031	19	31	domestic	domestic	ADJ
ijtc-1031	19	32	investment	investment	NOUN
ijtc-1031	19	33	needs	need	NOUN
ijtc-1031	19	34	(	(	PUNCT
ijtc-1031	19	35	ddtc	ddtc	VERB
ijtc-1031	19	36	redaksi	redaksi	PROPN
ijtc-1031	19	37	,	,	PUNCT
ijtc-1031	19	38	2020	2020	NUM
ijtc-1031	19	39	)	)	PUNCT
ijtc-1031	19	40	.	.	PUNCT
ijtc-1031	20	1	the	the	DET
ijtc-1031	20	2	explanation	explanation	NOUN
ijtc-1031	20	3	by	by	ADP
ijtc-1031	20	4	the	the	DET
ijtc-1031	20	5	director	director	NOUN
ijtc-1031	20	6	of	of	ADP
ijtc-1031	20	7	taxation	taxation	PROPN
ijtc-1031	20	8	ii	ii	PROPN
ijtc-1031	20	9	,	,	PUNCT
ijtc-1031	20	10	djp	djp	PROPN
ijtc-1031	20	11	,	,	PUNCT
ijtc-1031	20	12	is	be	AUX
ijtc-1031	20	13	in	in	ADP
ijtc-1031	20	14	line	line	NOUN
ijtc-1031	20	15	with	with	ADP
ijtc-1031	20	16	the	the	DET
ijtc-1031	20	17	research	research	NOUN
ijtc-1031	20	18	results	result	NOUN
ijtc-1031	20	19	of	of	ADP
ijtc-1031	20	20	(	(	PUNCT
ijtc-1031	20	21	prayogo	prayogo	NOUN
ijtc-1031	20	22	&	&	CCONJ
ijtc-1031	20	23	muhasan	muhasan	PROPN
ijtc-1031	20	24	,	,	PUNCT
ijtc-1031	20	25	2022	2022	NUM
ijtc-1031	20	26	;	;	PUNCT
ijtc-1031	20	27	rohali	rohali	PROPN
ijtc-1031	20	28	&	&	CCONJ
ijtc-1031	20	29	utomo	utomo	PROPN
ijtc-1031	20	30	,	,	PUNCT
ijtc-1031	20	31	2022	2022	NUM
ijtc-1031	20	32	;	;	PUNCT
ijtc-1031	20	33	wijaya	wijaya	PROPN
ijtc-1031	20	34	&	&	CCONJ
ijtc-1031	20	35	buana	buana	PROPN
ijtc-1031	20	36	,	,	PUNCT
ijtc-1031	20	37	2021	2021	NUM
ijtc-1031	20	38	)	)	PUNCT
ijtc-1031	20	39	which	which	PRON
ijtc-1031	20	40	state	state	VERB
ijtc-1031	20	41	that	that	SCONJ
ijtc-1031	20	42	the	the	DET
ijtc-1031	20	43	implementation	implementation	NOUN
ijtc-1031	20	44	of	of	ADP
ijtc-1031	20	45	the	the	DET
ijtc-1031	20	46	dividend	dividend	NOUN
ijtc-1031	20	47	exclusion	exclusion	NOUN
ijtc-1031	20	48	policy	policy	NOUN
ijtc-1031	20	49	as	as	ADP
ijtc-1031	20	50	an	an	DET
ijtc-1031	20	51	income	income	NOUN
ijtc-1031	20	52	tax	tax	NOUN
ijtc-1031	20	53	object	object	NOUN
ijtc-1031	20	54	will	will	AUX
ijtc-1031	20	55	increase	increase	VERB
ijtc-1031	20	56	investment	investment	NOUN
ijtc-1031	20	57	in	in	ADP
ijtc-1031	20	58	indonesia	indonesia	PROPN
ijtc-1031	20	59	.	.	PUNCT
ijtc-1031	21	1	apart	apart	ADV
ijtc-1031	21	2	from	from	ADP
ijtc-1031	21	3	being	be	AUX
ijtc-1031	21	4	able	able	ADJ
ijtc-1031	21	5	to	to	PART
ijtc-1031	21	6	increase	increase	VERB
ijtc-1031	21	7	investment	investment	NOUN
ijtc-1031	21	8	,	,	PUNCT
ijtc-1031	21	9	the	the	DET
ijtc-1031	21	10	exemption	exemption	NOUN
ijtc-1031	21	11	for	for	ADP
ijtc-1031	21	12	dividends	dividend	NOUN
ijtc-1031	21	13	as	as	ADP
ijtc-1031	21	14	an	an	DET
ijtc-1031	21	15	income	income	NOUN
ijtc-1031	21	16	tax	tax	NOUN
ijtc-1031	21	17	object	object	NOUN
ijtc-1031	21	18	according	accord	VERB
ijtc-1031	21	19	to	to	ADP
ijtc-1031	21	20	(	(	PUNCT
ijtc-1031	21	21	asshidiqi	asshidiqi	NOUN
ijtc-1031	21	22	&	&	CCONJ
ijtc-1031	21	23	irawan	irawan	PROPN
ijtc-1031	21	24	,	,	PUNCT
ijtc-1031	21	25	2021	2021	NUM
ijtc-1031	21	26	;	;	PUNCT
ijtc-1031	21	27	baran	baran	NOUN
ijtc-1031	21	28	et	et	PROPN
ijtc-1031	21	29	al	al	PROPN
ijtc-1031	21	30	.	.	PROPN
ijtc-1031	21	31	,	,	PUNCT
ijtc-1031	21	32	2023	2023	NUM
ijtc-1031	21	33	;	;	PUNCT
ijtc-1031	21	34	wafikhoh	wafikhoh	NOUN
ijtc-1031	21	35	,	,	PUNCT
ijtc-1031	21	36	2022	2022	NUM
ijtc-1031	21	37	;	;	PUNCT
ijtc-1031	21	38	xu	xu	PROPN
ijtc-1031	21	39	,	,	PUNCT
ijtc-1031	21	40	2023	2023	NUM
ijtc-1031	21	41	)	)	PUNCT
ijtc-1031	21	42	was	be	AUX
ijtc-1031	21	43	also	also	ADV
ijtc-1031	21	44	issued	issue	VERB
ijtc-1031	21	45	to	to	PART
ijtc-1031	21	46	minimize	minimize	VERB
ijtc-1031	21	47	double	double	ADJ
ijtc-1031	21	48	taxation	taxation	NOUN
ijtc-1031	21	49	and	and	CCONJ
ijtc-1031	21	50	increase	increase	VERB
ijtc-1031	21	51	legal	legal	ADJ
ijtc-1031	21	52	certainty	certainty	NOUN
ijtc-1031	21	53	.	.	PUNCT
ijtc-1031	22	1	even	even	ADV
ijtc-1031	22	2	though	though	SCONJ
ijtc-1031	22	3	it	it	PRON
ijtc-1031	22	4	has	have	VERB
ijtc-1031	22	5	several	several	ADJ
ijtc-1031	22	6	positive	positive	ADJ
ijtc-1031	22	7	impacts	impact	NOUN
ijtc-1031	22	8	,	,	PUNCT
ijtc-1031	22	9	as	as	SCONJ
ijtc-1031	22	10	mentioned	mention	VERB
ijtc-1031	22	11	in	in	ADP
ijtc-1031	22	12	the	the	DET
ijtc-1031	22	13	previous	previous	ADJ
ijtc-1031	22	14	paragraph	paragraph	NOUN
ijtc-1031	22	15	,	,	PUNCT
ijtc-1031	22	16	(	(	PUNCT
ijtc-1031	22	17	prayogo	prayogo	NOUN
ijtc-1031	22	18	&	&	CCONJ
ijtc-1031	22	19	muhasan	muhasan	PROPN
ijtc-1031	22	20	,	,	PUNCT
ijtc-1031	22	21	2022	2022	NUM
ijtc-1031	22	22	)	)	PUNCT
ijtc-1031	22	23	in	in	ADP
ijtc-1031	22	24	their	their	PRON
ijtc-1031	22	25	research	research	NOUN
ijtc-1031	22	26	explain	explain	VERB
ijtc-1031	22	27	that	that	SCONJ
ijtc-1031	22	28	in	in	ADP
ijtc-1031	22	29	the	the	DET
ijtc-1031	22	30	short	short	ADJ
ijtc-1031	22	31	term	term	NOUN
ijtc-1031	22	32	the	the	DET
ijtc-1031	22	33	policy	policy	NOUN
ijtc-1031	22	34	of	of	ADP
ijtc-1031	22	35	excluding	exclude	VERB
ijtc-1031	22	36	dividends	dividend	NOUN
ijtc-1031	22	37	as	as	ADP
ijtc-1031	22	38	an	an	DET
ijtc-1031	22	39	income	income	NOUN
ijtc-1031	22	40	tax	tax	NOUN
ijtc-1031	22	41	object	object	NOUN
ijtc-1031	22	42	can	can	AUX
ijtc-1031	22	43	reduce	reduce	VERB
ijtc-1031	22	44	state	state	NOUN
ijtc-1031	22	45	revenues	revenue	NOUN
ijtc-1031	22	46	.	.	PUNCT
ijtc-1031	23	1	the	the	DET
ijtc-1031	23	2	reduction	reduction	NOUN
ijtc-1031	23	3	in	in	ADP
ijtc-1031	23	4	state	state	NOUN
ijtc-1031	23	5	revenue	revenue	NOUN
ijtc-1031	23	6	is	be	AUX
ijtc-1031	23	7	due	due	ADJ
ijtc-1031	23	8	to	to	ADP
ijtc-1031	23	9	tax	tax	NOUN
ijtc-1031	23	10	on	on	ADP
ijtc-1031	23	11	dividends	dividend	NOUN
ijtc-1031	23	12	which	which	PRON
ijtc-1031	23	13	previously	previously	ADV
ijtc-1031	23	14	had	have	VERB
ijtc-1031	23	15	to	to	PART
ijtc-1031	23	16	be	be	AUX
ijtc-1031	23	17	paid	pay	VERB
ijtc-1031	23	18	to	to	ADP
ijtc-1031	23	19	the	the	DET
ijtc-1031	23	20	state	state	NOUN
ijtc-1031	23	21	,	,	PUNCT
ijtc-1031	23	22	but	but	CCONJ
ijtc-1031	23	23	with	with	ADP
ijtc-1031	23	24	the	the	DET
ijtc-1031	23	25	enactment	enactment	NOUN
ijtc-1031	23	26	of	of	ADP
ijtc-1031	23	27	the	the	DET
ijtc-1031	23	28	provisions	provision	NOUN
ijtc-1031	23	29	on	on	ADP
ijtc-1031	23	30	the	the	DET
ijtc-1031	23	31	exception	exception	NOUN
ijtc-1031	23	32	of	of	ADP
ijtc-1031	23	33	dividends	dividend	NOUN
ijtc-1031	23	34	as	as	ADP
ijtc-1031	23	35	an	an	DET
ijtc-1031	23	36	income	income	NOUN
ijtc-1031	23	37	tax	tax	NOUN
ijtc-1031	23	38	object	object	NOUN
ijtc-1031	23	39	,	,	PUNCT
ijtc-1031	23	40	domestic	domestic	ADJ
ijtc-1031	23	41	taxpayers	taxpayer	NOUN
ijtc-1031	23	42	(	(	PUNCT
ijtc-1031	23	43	wp	wp	X
ijtc-1031	23	44	)	)	PUNCT
ijtc-1031	23	45	may	may	AUX
ijtc-1031	23	46	not	not	PART
ijtc-1031	23	47	pay	pay	VERB
ijtc-1031	23	48	tax	tax	NOUN
ijtc-1031	23	49	on	on	ADP
ijtc-1031	23	50	dividends	dividend	NOUN
ijtc-1031	23	51	received	receive	VERB
ijtc-1031	23	52	or	or	CCONJ
ijtc-1031	23	53	earned	earn	VERB
ijtc-1031	23	54	,	,	PUNCT
ijtc-1031	23	55	resulting	result	VERB
ijtc-1031	23	56	in	in	ADP
ijtc-1031	23	57	what	what	PRON
ijtc-1031	23	58	is	be	AUX
ijtc-1031	23	59	known	know	VERB
ijtc-1031	23	60	as	as	ADP
ijtc-1031	23	61	revenue	revenue	NOUN
ijtc-1031	23	62	forgone	forgone	NOUN
ijtc-1031	23	63	.	.	PUNCT
ijtc-1031	24	1	the	the	DET
ijtc-1031	24	2	loss	loss	NOUN
ijtc-1031	24	3	or	or	CCONJ
ijtc-1031	24	4	reduction	reduction	NOUN
ijtc-1031	24	5	of	of	ADP
ijtc-1031	24	6	tax	tax	NOUN
ijtc-1031	24	7	payment	payment	NOUN
ijtc-1031	24	8	obligations	obligation	NOUN
ijtc-1031	24	9	by	by	ADP
ijtc-1031	24	10	domestic	domestic	ADJ
ijtc-1031	24	11	taxpayers	taxpayer	NOUN
ijtc-1031	24	12	is	be	AUX
ijtc-1031	24	13	an	an	DET
ijtc-1031	24	14	incentive	incentive	NOUN
ijtc-1031	24	15	that	that	PRON
ijtc-1031	24	16	taxpayers	taxpayer	NOUN
ijtc-1031	24	17	are	be	AUX
ijtc-1031	24	18	very	very	ADV
ijtc-1031	24	19	likely	likely	ADJ
ijtc-1031	24	20	to	to	PART
ijtc-1031	24	21	take	take	VERB
ijtc-1031	24	22	advantage	advantage	NOUN
ijtc-1031	24	23	of	of	ADP
ijtc-1031	24	24	.	.	PUNCT
ijtc-1031	25	1	research	research	NOUN
ijtc-1031	25	2	by	by	ADP
ijtc-1031	25	3	(	(	PUNCT
ijtc-1031	25	4	alstadsæter	alstadsæter	PROPN
ijtc-1031	25	5	et	et	PROPN
ijtc-1031	25	6	al	al	PROPN
ijtc-1031	25	7	.	.	PROPN
ijtc-1031	25	8	,	,	PUNCT
ijtc-1031	25	9	2015	2015	NUM
ijtc-1031	25	10	;	;	PUNCT
ijtc-1031	25	11	yagan	yagan	VERB
ijtc-1031	25	12	,	,	PUNCT
ijtc-1031	25	13	2018	2018	NUM
ijtc-1031	25	14	;	;	PUNCT
ijtc-1031	25	15	yu	yu	PROPN
ijtc-1031	25	16	et	et	PROPN
ijtc-1031	25	17	al	al	PROPN
ijtc-1031	25	18	.	.	PROPN
ijtc-1031	25	19	,	,	PUNCT
ijtc-1031	25	20	2021	2021	NUM
ijtc-1031	25	21	)	)	PUNCT
ijtc-1031	25	22	show	show	VERB
ijtc-1031	25	23	that	that	SCONJ
ijtc-1031	25	24	after	after	ADP
ijtc-1031	25	25	the	the	DET
ijtc-1031	25	26	implementation	implementation	NOUN
ijtc-1031	25	27	of	of	ADP
ijtc-1031	25	28	the	the	DET
ijtc-1031	25	29	tax	tax	NOUN
ijtc-1031	25	30	rate	rate	NOUN
ijtc-1031	25	31	reduction	reduction	NOUN
ijtc-1031	25	32	on	on	ADP
ijtc-1031	25	33	dividends	dividend	NOUN
ijtc-1031	25	34	paid	pay	VERB
ijtc-1031	25	35	or	or	CCONJ
ijtc-1031	25	36	distributed	distribute	VERB
ijtc-1031	25	37	to	to	ADP
ijtc-1031	25	38	shareholders	shareholder	NOUN
ijtc-1031	25	39	,	,	PUNCT
ijtc-1031	25	40	dividend	dividend	NOUN
ijtc-1031	25	41	payments	payment	NOUN
ijtc-1031	25	42	tend	tend	VERB
ijtc-1031	25	43	to	to	PART
ijtc-1031	25	44	increase	increase	VERB
ijtc-1031	25	45	.	.	PUNCT
ijtc-1031	26	1	research	research	NOUN
ijtc-1031	26	2	by	by	ADP
ijtc-1031	26	3	(	(	PUNCT
ijtc-1031	26	4	yu	yu	PROPN
ijtc-1031	26	5	et	et	PROPN
ijtc-1031	26	6	al	al	PROPN
ijtc-1031	26	7	.	.	PROPN
ijtc-1031	26	8	,	,	PUNCT
ijtc-1031	26	9	2021	2021	NUM
ijtc-1031	26	10	)	)	PUNCT
ijtc-1031	26	11	specifically	specifically	ADV
ijtc-1031	26	12	explains	explain	VERB
ijtc-1031	26	13	that	that	SCONJ
ijtc-1031	26	14	when	when	SCONJ
ijtc-1031	26	15	the	the	DET
ijtc-1031	26	16	company	company	NOUN
ijtc-1031	26	17	's	's	PART
ijtc-1031	26	18	main	main	ADJ
ijtc-1031	26	19	controller	controller	NOUN
ijtc-1031	26	20	or	or	CCONJ
ijtc-1031	26	21	majority	majority	NOUN
ijtc-1031	26	22	shareholder	shareholder	NOUN
ijtc-1031	26	23	wants	want	VERB
ijtc-1031	26	24	to	to	PART
ijtc-1031	26	25	take	take	VERB
ijtc-1031	26	26	advantage	advantage	NOUN
ijtc-1031	26	27	of	of	ADP
ijtc-1031	26	28	the	the	DET
ijtc-1031	26	29	incentive	incentive	NOUN
ijtc-1031	26	30	to	to	PART
ijtc-1031	26	31	reduce	reduce	VERB
ijtc-1031	26	32	the	the	DET
ijtc-1031	26	33	tax	tax	NOUN
ijtc-1031	26	34	rate	rate	NOUN
ijtc-1031	26	35	on	on	ADP
ijtc-1031	26	36	dividends	dividend	NOUN
ijtc-1031	26	37	,	,	PUNCT
ijtc-1031	26	38	the	the	DET
ijtc-1031	26	39	company	company	NOUN
ijtc-1031	26	40	will	will	AUX
ijtc-1031	26	41	pay	pay	VERB
ijtc-1031	26	42	larger	large	ADJ
ijtc-1031	26	43	dividends	dividend	NOUN
ijtc-1031	26	44	.	.	PUNCT
ijtc-1031	27	1	factors	factor	NOUN
ijtc-1031	27	2	that	that	PRON
ijtc-1031	27	3	influence	influence	NOUN
ijtc-1031	27	4	dividend	dividend	NOUN
ijtc-1031	27	5	payments	payment	NOUN
ijtc-1031	27	6	by	by	ADP
ijtc-1031	27	7	a	a	DET
ijtc-1031	27	8	company	company	NOUN
ijtc-1031	27	9	are	be	AUX
ijtc-1031	27	10	certainly	certainly	ADV
ijtc-1031	27	11	not	not	PART
ijtc-1031	27	12	only	only	ADV
ijtc-1031	27	13	related	relate	VERB
ijtc-1031	27	14	to	to	ADP
ijtc-1031	27	15	the	the	DET
ijtc-1031	27	16	tax	tax	NOUN
ijtc-1031	27	17	rate	rate	NOUN
ijtc-1031	27	18	on	on	ADP
ijtc-1031	27	19	dividends	dividend	NOUN
ijtc-1031	27	20	.	.	PUNCT
ijtc-1031	28	1	based	base	VERB
ijtc-1031	28	2	on	on	ADP
ijtc-1031	28	3	research	research	NOUN
ijtc-1031	28	4	that	that	PRON
ijtc-1031	28	5	has	have	AUX
ijtc-1031	28	6	been	be	AUX
ijtc-1031	28	7	carried	carry	VERB
ijtc-1031	28	8	out	out	ADP
ijtc-1031	28	9	in	in	ADP
ijtc-1031	28	10	indonesia	indonesia	PROPN
ijtc-1031	28	11	,	,	PUNCT
ijtc-1031	28	12	as	as	SCONJ
ijtc-1031	28	13	has	have	AUX
ijtc-1031	28	14	been	be	AUX
ijtc-1031	28	15	done	do	VERB
ijtc-1031	28	16	by	by	ADP
ijtc-1031	28	17	(	(	PUNCT
ijtc-1031	28	18	hartanti	hartanti	X
ijtc-1031	28	19	et	et	PROPN
ijtc-1031	28	20	al	al	PROPN
ijtc-1031	28	21	.	.	PROPN
ijtc-1031	28	22	,	,	PUNCT
ijtc-1031	28	23	2019	2019	NUM
ijtc-1031	28	24	;	;	PUNCT
ijtc-1031	28	25	karjono	karjono	PROPN
ijtc-1031	28	26	,	,	PUNCT
ijtc-1031	28	27	2019	2019	NUM
ijtc-1031	28	28	;	;	PUNCT
ijtc-1031	28	29	meidawati	meidawati	NOUN
ijtc-1031	28	30	et	et	PROPN
ijtc-1031	28	31	al	al	PROPN
ijtc-1031	28	32	.	.	PROPN
ijtc-1031	28	33	,	,	PUNCT
ijtc-1031	28	34	2020	2020	NUM
ijtc-1031	28	35	;	;	PUNCT
ijtc-1031	28	36	sejati	sejati	NOUN
ijtc-1031	28	37	et	et	PROPN
ijtc-1031	28	38	al	al	PROPN
ijtc-1031	28	39	.	.	PROPN
ijtc-1031	28	40	,	,	PUNCT
ijtc-1031	28	41	2020	2020	NUM
ijtc-1031	28	42	;	;	PUNCT
ijtc-1031	28	43	seraj	seraj	VERB
ijtc-1031	28	44	et	et	PROPN
ijtc-1031	28	45	al	al	PROPN
ijtc-1031	28	46	.	.	PROPN
ijtc-1031	28	47	,	,	PUNCT
ijtc-1031	28	48	2022	2022	NUM
ijtc-1031	28	49	)	)	PUNCT
ijtc-1031	28	50	,	,	PUNCT
ijtc-1031	28	51	factors	factor	NOUN
ijtc-1031	28	52	that	that	PRON
ijtc-1031	28	53	have	have	VERB
ijtc-1031	28	54	a	a	DET
ijtc-1031	28	55	significant	significant	ADJ
ijtc-1031	28	56	influence	influence	NOUN
ijtc-1031	28	57	on	on	ADP
ijtc-1031	28	58	dividends	dividend	NOUN
ijtc-1031	28	59	paid	pay	VERB
ijtc-1031	28	60	by	by	ADP
ijtc-1031	28	61	companies	company	NOUN
ijtc-1031	28	62	in	in	ADP
ijtc-1031	28	63	indonesia	indonesia	PROPN
ijtc-1031	28	64	are	be	AUX
ijtc-1031	28	65	more	more	ADV
ijtc-1031	28	66	related	related	ADJ
ijtc-1031	28	67	to	to	ADP
ijtc-1031	28	68	the	the	DET
ijtc-1031	28	69	company	company	NOUN
ijtc-1031	28	70	's	's	PART
ijtc-1031	28	71	profitability	profitability	NOUN
ijtc-1031	28	72	and	and	CCONJ
ijtc-1031	28	73	liquidity	liquidity	NOUN
ijtc-1031	28	74	.	.	PUNCT
ijtc-1031	29	1	based	base	VERB
ijtc-1031	29	2	on	on	ADP
ijtc-1031	29	3	the	the	DET
ijtc-1031	29	4	research	research	NOUN
ijtc-1031	29	5	that	that	PRON
ijtc-1031	29	6	has	have	AUX
ijtc-1031	29	7	been	be	AUX
ijtc-1031	29	8	carried	carry	VERB
ijtc-1031	29	9	out	out	ADP
ijtc-1031	29	10	,	,	PUNCT
ijtc-1031	29	11	almost	almost	ADV
ijtc-1031	29	12	all	all	PRON
ijtc-1031	29	13	research	research	NOUN
ijtc-1031	29	14	related	relate	VERB
ijtc-1031	29	15	to	to	ADP
ijtc-1031	29	16	the	the	DET
ijtc-1031	29	17	determinants	determinant	NOUN
ijtc-1031	29	18	of	of	ADP
ijtc-1031	29	19	dividends	dividend	NOUN
ijtc-1031	29	20	for	for	ADP
ijtc-1031	29	21	public	public	ADJ
ijtc-1031	29	22	companies	company	NOUN
ijtc-1031	29	23	in	in	ADP
ijtc-1031	29	24	indonesia	indonesia	PROPN
ijtc-1031	29	25	still	still	ADV
ijtc-1031	29	26	focuses	focus	VERB
ijtc-1031	29	27	on	on	ADP
ijtc-1031	29	28	aspects	aspect	NOUN
ijtc-1031	29	29	of	of	ADP
ijtc-1031	29	30	profitability	profitability	NOUN
ijtc-1031	29	31	,	,	PUNCT
ijtc-1031	29	32	liquidity	liquidity	NOUN
ijtc-1031	29	33	,	,	PUNCT
ijtc-1031	29	34	and	and	CCONJ
ijtc-1031	29	35	liabilities	liability	NOUN
ijtc-1031	29	36	.	.	PUNCT
ijtc-1031	30	1	there	there	PRON
ijtc-1031	30	2	has	have	AUX
ijtc-1031	30	3	not	not	PART
ijtc-1031	30	4	been	be	AUX
ijtc-1031	30	5	any	any	DET
ijtc-1031	30	6	research	research	NOUN
ijtc-1031	30	7	that	that	PRON
ijtc-1031	30	8	specifically	specifically	ADV
ijtc-1031	30	9	discusses	discuss	VERB
ijtc-1031	30	10	the	the	DET
ijtc-1031	30	11	influence	influence	NOUN
ijtc-1031	30	12	of	of	ADP
ijtc-1031	30	13	tax	tax	NOUN
ijtc-1031	30	14	policy	policy	NOUN
ijtc-1031	30	15	,	,	PUNCT
ijtc-1031	30	16	especially	especially	ADV
ijtc-1031	30	17	the	the	DET
ijtc-1031	30	18	exclusion	exclusion	NOUN
ijtc-1031	30	19	of	of	ADP
ijtc-1031	30	20	dividends	dividend	NOUN
ijtc-1031	30	21	as	as	ADP
ijtc-1031	30	22	an	an	DET
ijtc-1031	30	23	income	income	NOUN
ijtc-1031	30	24	tax	tax	NOUN
ijtc-1031	30	25	object	object	NOUN
ijtc-1031	30	26	,	,	PUNCT
ijtc-1031	30	27	on	on	ADP
ijtc-1031	30	28	a	a	DET
ijtc-1031	30	29	company	company	NOUN
ijtc-1031	30	30	's	's	PART
ijtc-1031	30	31	dividends	dividend	NOUN
ijtc-1031	30	32	.	.	PUNCT
ijtc-1031	31	1	this	this	PRON
ijtc-1031	31	2	is	be	AUX
ijtc-1031	31	3	quite	quite	ADV
ijtc-1031	31	4	different	different	ADJ
ijtc-1031	31	5	from	from	ADP
ijtc-1031	31	6	conditions	condition	NOUN
ijtc-1031	31	7	in	in	ADP
ijtc-1031	31	8	foreign	foreign	ADJ
ijtc-1031	31	9	countries	country	NOUN
ijtc-1031	31	10	where	where	SCONJ
ijtc-1031	31	11	several	several	ADJ
ijtc-1031	31	12	studies	study	NOUN
ijtc-1031	31	13	have	have	AUX
ijtc-1031	31	14	been	be	AUX
ijtc-1031	31	15	found	find	VERB
ijtc-1031	31	16	that	that	PRON
ijtc-1031	31	17	have	have	AUX
ijtc-1031	31	18	specifically	specifically	ADV
ijtc-1031	31	19	discussed	discuss	VERB
ijtc-1031	31	20	the	the	DET
ijtc-1031	31	21	effect	effect	NOUN
ijtc-1031	31	22	of	of	ADP
ijtc-1031	31	23	changes	change	NOUN
ijtc-1031	31	24	in	in	ADP
ijtc-1031	31	25	dividend	dividend	NOUN
ijtc-1031	31	26	rates	rate	NOUN
ijtc-1031	31	27	on	on	ADP
ijtc-1031	31	28	dividends	dividend	NOUN
ijtc-1031	31	29	paid	pay	VERB
ijtc-1031	31	30	or	or	CCONJ
ijtc-1031	31	31	distributed	distribute	VERB
ijtc-1031	31	32	by	by	ADP
ijtc-1031	31	33	companies	company	NOUN
ijtc-1031	31	34	.	.	PUNCT
ijtc-1031	32	1	the	the	DET
ijtc-1031	32	2	absence	absence	NOUN
ijtc-1031	32	3	of	of	ADP
ijtc-1031	32	4	research	research	NOUN
ijtc-1031	32	5	as	as	SCONJ
ijtc-1031	32	6	intended	intend	VERB
ijtc-1031	32	7	in	in	ADP
ijtc-1031	32	8	indonesia	indonesia	PROPN
ijtc-1031	32	9	is	be	AUX
ijtc-1031	32	10	very	very	ADV
ijtc-1031	32	11	likely	likely	ADJ
ijtc-1031	32	12	due	due	ADP
ijtc-1031	32	13	to	to	ADP
ijtc-1031	32	14	the	the	DET
ijtc-1031	32	15	policy	policy	NOUN
ijtc-1031	32	16	of	of	ADP
ijtc-1031	32	17	excluding	exclude	VERB
ijtc-1031	32	18	dividends	dividend	NOUN
ijtc-1031	32	19	as	as	ADP
ijtc-1031	32	20	an	an	DET
ijtc-1031	32	21	income	income	NOUN
ijtc-1031	32	22	tax	tax	NOUN
ijtc-1031	32	23	object	object	NOUN
ijtc-1031	32	24	,	,	PUNCT
ijtc-1031	32	25	a	a	DET
ijtc-1031	32	26	provision	provision	NOUN
ijtc-1031	32	27	that	that	PRON
ijtc-1031	32	28	has	have	AUX
ijtc-1031	32	29	only	only	ADV
ijtc-1031	32	30	just	just	ADV
ijtc-1031	32	31	been	be	AUX
ijtc-1031	32	32	implemented	implement	VERB
ijtc-1031	32	33	in	in	ADP
ijtc-1031	32	34	indonesia	indonesia	PROPN
ijtc-1031	32	35	,	,	PUNCT
ijtc-1031	32	36	unlike	unlike	ADP
ijtc-1031	32	37	in	in	ADP
ijtc-1031	32	38	several	several	ADJ
ijtc-1031	32	39	other	other	ADJ
ijtc-1031	32	40	countries	country	NOUN
ijtc-1031	32	41	where	where	SCONJ
ijtc-1031	32	42	it	it	PRON
ijtc-1031	32	43	was	be	AUX
ijtc-1031	32	44	implemented	implement	VERB
ijtc-1031	32	45	several	several	ADJ
ijtc-1031	32	46	years	year	NOUN
ijtc-1031	32	47	ago	ago	ADV
ijtc-1031	32	48	.	.	PUNCT
ijtc-1031	33	1	based	base	VERB
ijtc-1031	33	2	on	on	ADP
ijtc-1031	33	3	existing	exist	VERB
ijtc-1031	33	4	conditions	condition	NOUN
ijtc-1031	33	5	and	and	CCONJ
ijtc-1031	33	6	to	to	PART
ijtc-1031	33	7	add	add	VERB
ijtc-1031	33	8	to	to	ADP
ijtc-1031	33	9	the	the	DET
ijtc-1031	33	10	body	body	NOUN
ijtc-1031	33	11	of	of	ADP
ijtc-1031	33	12	knowledge	knowledge	NOUN
ijtc-1031	33	13	,	,	PUNCT
ijtc-1031	33	14	especially	especially	ADV
ijtc-1031	33	15	regarding	regard	VERB
ijtc-1031	33	16	the	the	DET
ijtc-1031	33	17	impact	impact	NOUN
ijtc-1031	33	18	of	of	ADP
ijtc-1031	33	19	tax	tax	NOUN
ijtc-1031	33	20	policy	policy	NOUN
ijtc-1031	33	21	on	on	ADP
ijtc-1031	33	22	the	the	DET
ijtc-1031	33	23	business	business	NOUN
ijtc-1031	33	24	world	world	NOUN
ijtc-1031	33	25	,	,	PUNCT
ijtc-1031	33	26	research	research	NOUN
ijtc-1031	33	27	will	will	AUX
ijtc-1031	33	28	be	be	AUX
ijtc-1031	33	29	carried	carry	VERB
ijtc-1031	33	30	out	out	ADP
ijtc-1031	33	31	to	to	PART
ijtc-1031	33	32	find	find	VERB
ijtc-1031	33	33	out	out	ADP
ijtc-1031	33	34	how	how	SCONJ
ijtc-1031	33	35	the	the	DET
ijtc-1031	33	36	dividend	dividend	NOUN
ijtc-1031	33	37	exclusion	exclusion	NOUN
ijtc-1031	33	38	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-1031	33	39	the	the	DET
ijtc-1031	33	40	influence	influence	NOUN
ijtc-1031	33	41	of	of	ADP
ijtc-1031	33	42	tax	tax	NOUN
ijtc-1031	33	43	exclusion	exclusion	NOUN
ijtc-1031	33	44	policies	policy	NOUN
ijtc-1031	33	45	and	and	CCONJ
ijtc-1031	33	46	other	other	ADJ
ijtc-1031	33	47	factors	factor	NOUN
ijtc-1031	33	48	on	on	ADP
ijtc-1031	33	49	the	the	DET
ijtc-1031	33	50	value	value	NOUN
ijtc-1031	33	51	of	of	ADP
ijtc-1031	33	52	dividends	dividend	NOUN
ijtc-1031	33	53	paid	pay	VERB
ijtc-1031	33	54	by	by	ADP
ijtc-1031	33	55	public	public	ADJ
ijtc-1031	33	56	companies	company	NOUN
ijtc-1031	33	57	in	in	ADP
ijtc-1031	33	58	indonesia	indonesia	PROPN
ijtc-1031	33	59	rizal	rizal	PROPN
ijtc-1031	33	60	,	,	PUNCT
ijtc-1031	33	61	supriyadi	supriyadi	NOUN
ijtc-1031	33	62	,	,	PUNCT
ijtc-1031	33	63	and	and	CCONJ
ijtc-1031	33	64	fachrudin	fachrudin	VERB
ijtc-1031	33	65	146	146	NUM
ijtc-1031	33	66	|	|	ADV
ijtc-1031	33	67	ilomata	ilomata	ADJ
ijtc-1031	33	68	international	international	ADJ
ijtc-1031	33	69	journal	journal	NOUN
ijtc-1031	33	70	of	of	ADP
ijtc-1031	33	71	tax	tax	PROPN
ijtc-1031	33	72	&	&	CCONJ
ijtc-1031	33	73	accounting	account	VERB
ijtc-1031	33	74	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-1031	33	75	policy	policy	NOUN
ijtc-1031	33	76	as	as	ADP
ijtc-1031	33	77	an	an	DET
ijtc-1031	33	78	income	income	NOUN
ijtc-1031	33	79	tax	tax	NOUN
ijtc-1031	33	80	object	object	NOUN
ijtc-1031	33	81	and	and	CCONJ
ijtc-1031	33	82	other	other	ADJ
ijtc-1031	33	83	factors	factor	NOUN
ijtc-1031	33	84	affect	affect	VERB
ijtc-1031	33	85	the	the	DET
ijtc-1031	33	86	value	value	NOUN
ijtc-1031	33	87	of	of	ADP
ijtc-1031	33	88	dividends	dividend	NOUN
ijtc-1031	33	89	paid	pay	VERB
ijtc-1031	33	90	by	by	ADP
ijtc-1031	33	91	public	public	ADJ
ijtc-1031	33	92	companies	company	NOUN
ijtc-1031	33	93	in	in	ADP
ijtc-1031	33	94	indonesia	indonesia	PROPN
ijtc-1031	33	95	.	.	PUNCT
ijtc-1031	34	1	dividend	dividend	PROPN
ijtc-1031	34	2	reeve	reeve	PROPN
ijtc-1031	34	3	et	et	PROPN
ijtc-1031	34	4	al	al	PROPN
ijtc-1031	34	5	.	.	PROPN
ijtc-1031	34	6	(	(	PUNCT
ijtc-1031	34	7	2010	2010	NUM
ijtc-1031	34	8	)	)	PUNCT
ijtc-1031	34	9	in	in	ADP
ijtc-1031	34	10	prayogo	prayogo	PROPN
ijtc-1031	34	11	&	&	CCONJ
ijtc-1031	34	12	mhasan	mhasan	PROPN
ijtc-1031	34	13	(	(	PUNCT
ijtc-1031	34	14	2022	2022	NUM
ijtc-1031	34	15	)	)	PUNCT
ijtc-1031	34	16	state	state	NOUN
ijtc-1031	34	17	that	that	SCONJ
ijtc-1031	34	18	dividends	dividend	NOUN
ijtc-1031	34	19	are	be	AUX
ijtc-1031	34	20	a	a	DET
ijtc-1031	34	21	distribution	distribution	NOUN
ijtc-1031	34	22	of	of	ADP
ijtc-1031	34	23	profits	profit	NOUN
ijtc-1031	34	24	to	to	ADP
ijtc-1031	34	25	shareholders	shareholder	NOUN
ijtc-1031	34	26	according	accord	VERB
ijtc-1031	34	27	to	to	ADP
ijtc-1031	34	28	the	the	DET
ijtc-1031	34	29	proportion	proportion	NOUN
ijtc-1031	34	30	of	of	ADP
ijtc-1031	34	31	their	their	PRON
ijtc-1031	34	32	ownership	ownership	NOUN
ijtc-1031	34	33	.	.	PUNCT
ijtc-1031	35	1	similar	similar	ADJ
ijtc-1031	35	2	to	to	ADP
ijtc-1031	35	3	the	the	DET
ijtc-1031	35	4	explanation	explanation	NOUN
ijtc-1031	35	5	of	of	ADP
ijtc-1031	35	6	reeve	reeve	PROPN
ijtc-1031	35	7	et	et	PROPN
ijtc-1031	35	8	.	.	PUNCT
ijtc-1031	36	1	al	al	PROPN
ijtc-1031	36	2	.	.	PROPN
ijtc-1031	37	1	in	in	ADP
ijtc-1031	37	2	(	(	PUNCT
ijtc-1031	37	3	fiqih	fiqih	NOUN
ijtc-1031	37	4	,	,	PUNCT
ijtc-1031	37	5	2021	2021	NUM
ijtc-1031	37	6	;	;	PUNCT
ijtc-1031	37	7	prayogo	prayogo	NOUN
ijtc-1031	37	8	&	&	CCONJ
ijtc-1031	37	9	muhasan	muhasan	PROPN
ijtc-1031	37	10	,	,	PUNCT
ijtc-1031	37	11	2022	2022	NUM
ijtc-1031	37	12	;	;	PUNCT
ijtc-1031	37	13	sugeng	sugeng	NOUN
ijtc-1031	37	14	,	,	PUNCT
ijtc-1031	37	15	2017	2017	NUM
ijtc-1031	37	16	)	)	PUNCT
ijtc-1031	37	17	explain	explain	VERB
ijtc-1031	37	18	that	that	SCONJ
ijtc-1031	37	19	dividends	dividend	NOUN
ijtc-1031	37	20	are	be	AUX
ijtc-1031	37	21	part	part	NOUN
ijtc-1031	37	22	of	of	ADP
ijtc-1031	37	23	a	a	DET
ijtc-1031	37	24	company	company	NOUN
ijtc-1031	37	25	's	's	PART
ijtc-1031	37	26	profits	profit	NOUN
ijtc-1031	37	27	for	for	ADP
ijtc-1031	37	28	a	a	DET
ijtc-1031	37	29	period	period	NOUN
ijtc-1031	37	30	that	that	PRON
ijtc-1031	37	31	is	be	AUX
ijtc-1031	37	32	distributed	distribute	VERB
ijtc-1031	37	33	to	to	ADP
ijtc-1031	37	34	its	its	PRON
ijtc-1031	37	35	shareholders	shareholder	NOUN
ijtc-1031	37	36	.	.	PUNCT
ijtc-1031	38	1	in	in	ADP
ijtc-1031	38	2	general	general	ADJ
ijtc-1031	38	3	,	,	PUNCT
ijtc-1031	38	4	according	accord	VERB
ijtc-1031	38	5	to	to	ADP
ijtc-1031	38	6	fiqh	fiqh	NOUN
ijtc-1031	38	7	(	(	PUNCT
ijtc-1031	38	8	2021	2021	NUM
ijtc-1031	38	9	)	)	PUNCT
ijtc-1031	38	10	,	,	PUNCT
ijtc-1031	38	11	companies	company	NOUN
ijtc-1031	38	12	will	will	AUX
ijtc-1031	38	13	distribute	distribute	VERB
ijtc-1031	38	14	dividends	dividend	NOUN
ijtc-1031	38	15	when	when	SCONJ
ijtc-1031	38	16	the	the	DET
ijtc-1031	38	17	company	company	NOUN
ijtc-1031	38	18	has	have	VERB
ijtc-1031	38	19	a	a	DET
ijtc-1031	38	20	profit	profit	NOUN
ijtc-1031	38	21	,	,	PUNCT
ijtc-1031	38	22	whereas	whereas	SCONJ
ijtc-1031	38	23	if	if	SCONJ
ijtc-1031	38	24	the	the	DET
ijtc-1031	38	25	company	company	NOUN
ijtc-1031	38	26	has	have	VERB
ijtc-1031	38	27	a	a	DET
ijtc-1031	38	28	loss	loss	NOUN
ijtc-1031	38	29	status	status	NOUN
ijtc-1031	38	30	,	,	PUNCT
ijtc-1031	38	31	it	it	PRON
ijtc-1031	38	32	is	be	AUX
ijtc-1031	38	33	likely	likely	ADJ
ijtc-1031	38	34	that	that	SCONJ
ijtc-1031	38	35	the	the	DET
ijtc-1031	38	36	company	company	NOUN
ijtc-1031	38	37	will	will	AUX
ijtc-1031	38	38	not	not	PART
ijtc-1031	38	39	distribute	distribute	VERB
ijtc-1031	38	40	dividends	dividend	NOUN
ijtc-1031	38	41	unless	unless	SCONJ
ijtc-1031	38	42	the	the	DET
ijtc-1031	38	43	company	company	NOUN
ijtc-1031	38	44	still	still	ADV
ijtc-1031	38	45	has	have	VERB
ijtc-1031	38	46	cash	cash	NOUN
ijtc-1031	38	47	reserves	reserve	NOUN
ijtc-1031	38	48	and	and	CCONJ
ijtc-1031	38	49	profit	profit	NOUN
ijtc-1031	38	50	balance	balance	NOUN
ijtc-1031	38	51	to	to	PART
ijtc-1031	38	52	distribute	distribute	VERB
ijtc-1031	38	53	dividends	dividend	NOUN
ijtc-1031	38	54	.	.	PUNCT
ijtc-1031	39	1	the	the	DET
ijtc-1031	39	2	amount	amount	NOUN
ijtc-1031	39	3	of	of	ADP
ijtc-1031	39	4	net	net	ADJ
ijtc-1031	39	5	profit	profit	NOUN
ijtc-1031	39	6	that	that	PRON
ijtc-1031	39	7	will	will	AUX
ijtc-1031	39	8	be	be	AUX
ijtc-1031	39	9	distributed	distribute	VERB
ijtc-1031	39	10	as	as	SCONJ
ijtc-1031	39	11	dividends	dividend	NOUN
ijtc-1031	39	12	is	be	AUX
ijtc-1031	39	13	determined	determine	VERB
ijtc-1031	39	14	by	by	ADP
ijtc-1031	39	15	the	the	DET
ijtc-1031	39	16	shareholders	shareholder	NOUN
ijtc-1031	39	17	.	.	PUNCT
ijtc-1031	40	1	if	if	SCONJ
ijtc-1031	40	2	the	the	DET
ijtc-1031	40	3	company	company	NOUN
ijtc-1031	40	4	has	have	AUX
ijtc-1031	40	5	gone	go	VERB
ijtc-1031	40	6	public	public	ADJ
ijtc-1031	40	7	,	,	PUNCT
ijtc-1031	40	8	the	the	DET
ijtc-1031	40	9	amount	amount	NOUN
ijtc-1031	40	10	of	of	ADP
ijtc-1031	40	11	dividends	dividend	NOUN
ijtc-1031	40	12	will	will	AUX
ijtc-1031	40	13	be	be	AUX
ijtc-1031	40	14	determined	determine	VERB
ijtc-1031	40	15	at	at	ADP
ijtc-1031	40	16	the	the	DET
ijtc-1031	40	17	annual	annual	ADJ
ijtc-1031	40	18	gms	gm	NOUN
ijtc-1031	40	19	.	.	PUNCT
ijtc-1031	41	1	types	type	NOUN
ijtc-1031	41	2	of	of	ADP
ijtc-1031	41	3	dividends	dividend	NOUN
ijtc-1031	41	4	based	base	VERB
ijtc-1031	41	5	on	on	ADP
ijtc-1031	41	6	their	their	PRON
ijtc-1031	41	7	form	form	NOUN
ijtc-1031	41	8	,	,	PUNCT
ijtc-1031	41	9	according	accord	VERB
ijtc-1031	41	10	to	to	ADP
ijtc-1031	41	11	(	(	PUNCT
ijtc-1031	41	12	sugeng	sugeng	NOUN
ijtc-1031	41	13	,	,	PUNCT
ijtc-1031	41	14	2017	2017	NUM
ijtc-1031	41	15	)	)	PUNCT
ijtc-1031	41	16	,	,	PUNCT
ijtc-1031	41	17	consist	consist	VERB
ijtc-1031	41	18	of	of	ADP
ijtc-1031	41	19	cash	cash	NOUN
ijtc-1031	41	20	dividends	dividend	NOUN
ijtc-1031	41	21	,	,	PUNCT
ijtc-1031	41	22	share	share	NOUN
ijtc-1031	41	23	dividends	dividend	NOUN
ijtc-1031	41	24	,	,	PUNCT
ijtc-1031	41	25	and	and	CCONJ
ijtc-1031	41	26	property	property	NOUN
ijtc-1031	41	27	dividends	dividend	NOUN
ijtc-1031	41	28	.	.	PUNCT
ijtc-1031	42	1	meanwhile	meanwhile	ADV
ijtc-1031	42	2	,	,	PUNCT
ijtc-1031	42	3	from	from	ADP
ijtc-1031	42	4	a	a	DET
ijtc-1031	42	5	tax	tax	NOUN
ijtc-1031	42	6	perspective	perspective	NOUN
ijtc-1031	42	7	,	,	PUNCT
ijtc-1031	42	8	as	as	SCONJ
ijtc-1031	42	9	stated	state	VERB
ijtc-1031	42	10	in	in	ADP
ijtc-1031	42	11	the	the	DET
ijtc-1031	42	12	explanation	explanation	NOUN
ijtc-1031	42	13	of	of	ADP
ijtc-1031	42	14	the	the	DET
ijtc-1031	42	15	income	income	NOUN
ijtc-1031	42	16	tax	tax	NOUN
ijtc-1031	42	17	law	law	NOUN
ijtc-1031	42	18	,	,	PUNCT
ijtc-1031	42	19	there	there	PRON
ijtc-1031	42	20	are	be	VERB
ijtc-1031	42	21	also	also	ADV
ijtc-1031	42	22	payments	payment	NOUN
ijtc-1031	42	23	to	to	ADP
ijtc-1031	42	24	shareholders	shareholder	NOUN
ijtc-1031	42	25	that	that	PRON
ijtc-1031	42	26	are	be	AUX
ijtc-1031	42	27	not	not	PART
ijtc-1031	42	28	in	in	ADP
ijtc-1031	42	29	the	the	DET
ijtc-1031	42	30	form	form	NOUN
ijtc-1031	42	31	of	of	ADP
ijtc-1031	42	32	cash	cash	NOUN
ijtc-1031	42	33	,	,	PUNCT
ijtc-1031	42	34	shares	share	NOUN
ijtc-1031	42	35	,	,	PUNCT
ijtc-1031	42	36	or	or	CCONJ
ijtc-1031	42	37	property	property	NOUN
ijtc-1031	42	38	and	and	CCONJ
ijtc-1031	42	39	are	be	AUX
ijtc-1031	42	40	sometimes	sometimes	ADV
ijtc-1031	42	41	not	not	PART
ijtc-1031	42	42	referred	refer	VERB
ijtc-1031	42	43	to	to	ADP
ijtc-1031	42	44	as	as	ADP
ijtc-1031	42	45	dividends	dividend	NOUN
ijtc-1031	42	46	but	but	CCONJ
ijtc-1031	42	47	are	be	AUX
ijtc-1031	42	48	still	still	ADV
ijtc-1031	42	49	considered	consider	VERB
ijtc-1031	42	50	dividends	dividend	NOUN
ijtc-1031	42	51	from	from	ADP
ijtc-1031	42	52	a	a	DET
ijtc-1031	42	53	tax	tax	NOUN
ijtc-1031	42	54	perspective	perspective	NOUN
ijtc-1031	42	55	.	.	PUNCT
ijtc-1031	43	1	this	this	PRON
ijtc-1031	43	2	is	be	AUX
ijtc-1031	43	3	because	because	SCONJ
ijtc-1031	43	4	the	the	DET
ijtc-1031	43	5	payments	payment	NOUN
ijtc-1031	43	6	or	or	CCONJ
ijtc-1031	43	7	gifts	gift	NOUN
ijtc-1031	43	8	made	make	VERB
ijtc-1031	43	9	are	be	AUX
ijtc-1031	43	10	dividends	dividend	NOUN
ijtc-1031	43	11	to	to	ADP
ijtc-1031	43	12	shareholders	shareholder	NOUN
ijtc-1031	43	13	but	but	CCONJ
ijtc-1031	43	14	the	the	DET
ijtc-1031	43	15	form	form	NOUN
ijtc-1031	43	16	and	and	CCONJ
ijtc-1031	43	17	name	name	NOUN
ijtc-1031	43	18	are	be	AUX
ijtc-1031	43	19	changed	change	VERB
ijtc-1031	43	20	to	to	PART
ijtc-1031	43	21	avoid	avoid	VERB
ijtc-1031	43	22	tax	tax	NOUN
ijtc-1031	43	23	.	.	PUNCT
ijtc-1031	44	1	in	in	ADP
ijtc-1031	44	2	indonesian	indonesian	ADJ
ijtc-1031	44	3	tax	tax	NOUN
ijtc-1031	44	4	regulations	regulation	NOUN
ijtc-1031	44	5	,	,	PUNCT
ijtc-1031	44	6	this	this	DET
ijtc-1031	44	7	type	type	NOUN
ijtc-1031	44	8	of	of	ADP
ijtc-1031	44	9	dividend	dividend	NOUN
ijtc-1031	44	10	is	be	AUX
ijtc-1031	44	11	known	know	VERB
ijtc-1031	44	12	as	as	ADP
ijtc-1031	44	13	a	a	DET
ijtc-1031	44	14	disguised	disguised	ADJ
ijtc-1031	44	15	dividend	dividend	NOUN
ijtc-1031	44	16	.	.	PUNCT
ijtc-1031	45	1	dividend	dividend	NOUN
ijtc-1031	45	2	policy	policy	NOUN
ijtc-1031	45	3	dividend	dividend	NOUN
ijtc-1031	45	4	policy	policy	NOUN
ijtc-1031	45	5	according	accord	VERB
ijtc-1031	45	6	to	to	ADP
ijtc-1031	45	7	(	(	PUNCT
ijtc-1031	45	8	ovami	ovami	NOUN
ijtc-1031	45	9	&	&	CCONJ
ijtc-1031	45	10	nasution	nasution	NOUN
ijtc-1031	45	11	,	,	PUNCT
ijtc-1031	45	12	2020	2020	NUM
ijtc-1031	45	13	;	;	PUNCT
ijtc-1031	45	14	reysa	reysa	VERB
ijtc-1031	45	15	et	et	PROPN
ijtc-1031	45	16	al	al	PROPN
ijtc-1031	45	17	.	.	PROPN
ijtc-1031	45	18	,	,	PUNCT
ijtc-1031	45	19	2022	2022	NUM
ijtc-1031	45	20	)	)	PUNCT
ijtc-1031	45	21	is	be	AUX
ijtc-1031	45	22	the	the	DET
ijtc-1031	45	23	decisions	decision	NOUN
ijtc-1031	45	24	of	of	ADP
ijtc-1031	45	25	the	the	DET
ijtc-1031	45	26	company	company	NOUN
ijtc-1031	45	27	or	or	CCONJ
ijtc-1031	45	28	the	the	DET
ijtc-1031	45	29	majority	majority	NOUN
ijtc-1031	45	30	shareholder	shareholder	NOUN
ijtc-1031	45	31	of	of	ADP
ijtc-1031	45	32	the	the	DET
ijtc-1031	45	33	company	company	NOUN
ijtc-1031	45	34	in	in	ADP
ijtc-1031	45	35	distributing	distribute	VERB
ijtc-1031	45	36	the	the	DET
ijtc-1031	45	37	profits	profit	NOUN
ijtc-1031	45	38	that	that	PRON
ijtc-1031	45	39	have	have	AUX
ijtc-1031	45	40	been	be	AUX
ijtc-1031	45	41	obtained	obtain	VERB
ijtc-1031	45	42	.	.	PUNCT
ijtc-1031	46	1	as	as	SCONJ
ijtc-1031	46	2	described	describe	VERB
ijtc-1031	46	3	by	by	ADP
ijtc-1031	46	4	reysa	reysa	PROPN
ijtc-1031	46	5	et	et	PROPN
ijtc-1031	46	6	al	al	PROPN
ijtc-1031	46	7	.	.	PROPN
ijtc-1031	47	1	(	(	PUNCT
ijtc-1031	47	2	2022	2022	NUM
ijtc-1031	47	3	)	)	PUNCT
ijtc-1031	47	4	the	the	DET
ijtc-1031	47	5	profits	profit	NOUN
ijtc-1031	47	6	earned	earn	VERB
ijtc-1031	47	7	by	by	ADP
ijtc-1031	47	8	the	the	DET
ijtc-1031	47	9	company	company	NOUN
ijtc-1031	47	10	can	can	AUX
ijtc-1031	47	11	be	be	AUX
ijtc-1031	47	12	distributed	distribute	VERB
ijtc-1031	47	13	directly	directly	ADV
ijtc-1031	47	14	into	into	ADP
ijtc-1031	47	15	dividends	dividend	NOUN
ijtc-1031	47	16	or	or	CCONJ
ijtc-1031	47	17	retained	retain	VERB
ijtc-1031	47	18	as	as	ADP
ijtc-1031	47	19	additional	additional	ADJ
ijtc-1031	47	20	capital	capital	NOUN
ijtc-1031	47	21	often	often	ADV
ijtc-1031	47	22	referred	refer	VERB
ijtc-1031	47	23	to	to	ADP
ijtc-1031	47	24	as	as	ADP
ijtc-1031	47	25	retained	retain	VERB
ijtc-1031	47	26	earnings	earning	NOUN
ijtc-1031	47	27	.	.	PUNCT
ijtc-1031	48	1	the	the	DET
ijtc-1031	48	2	dividend	dividend	NOUN
ijtc-1031	48	3	policy	policy	NOUN
ijtc-1031	48	4	then	then	ADV
ijtc-1031	48	5	gives	give	VERB
ijtc-1031	48	6	rise	rise	NOUN
ijtc-1031	48	7	to	to	ADP
ijtc-1031	48	8	what	what	PRON
ijtc-1031	48	9	is	be	AUX
ijtc-1031	48	10	called	call	VERB
ijtc-1031	48	11	the	the	DET
ijtc-1031	48	12	dividend	dividend	NOUN
ijtc-1031	48	13	payout	payout	NOUN
ijtc-1031	48	14	ratio	ratio	NOUN
ijtc-1031	48	15	(	(	PUNCT
ijtc-1031	48	16	dpr	dpr	PROPN
ijtc-1031	48	17	)	)	PUNCT
ijtc-1031	48	18	or	or	CCONJ
ijtc-1031	48	19	the	the	DET
ijtc-1031	48	20	percentage	percentage	NOUN
ijtc-1031	48	21	comparison	comparison	NOUN
ijtc-1031	48	22	between	between	ADP
ijtc-1031	48	23	the	the	DET
ijtc-1031	48	24	amount	amount	NOUN
ijtc-1031	48	25	of	of	ADP
ijtc-1031	48	26	dividends	dividend	NOUN
ijtc-1031	48	27	and	and	CCONJ
ijtc-1031	48	28	the	the	DET
ijtc-1031	48	29	profits	profit	NOUN
ijtc-1031	48	30	earned	earn	VERB
ijtc-1031	48	31	in	in	ADP
ijtc-1031	48	32	a	a	DET
ijtc-1031	48	33	period	period	NOUN
ijtc-1031	48	34	.	.	PUNCT
ijtc-1031	49	1	the	the	PRON
ijtc-1031	49	2	greater	great	ADJ
ijtc-1031	49	3	the	the	DET
ijtc-1031	49	4	dpr	dpr	PROPN
ijtc-1031	49	5	means	mean	VERB
ijtc-1031	49	6	the	the	PRON
ijtc-1031	49	7	greater	great	ADJ
ijtc-1031	49	8	the	the	DET
ijtc-1031	49	9	percentage	percentage	NOUN
ijtc-1031	49	10	of	of	ADP
ijtc-1031	49	11	dividends	dividend	NOUN
ijtc-1031	49	12	distributed	distribute	VERB
ijtc-1031	49	13	compared	compare	VERB
ijtc-1031	49	14	to	to	ADP
ijtc-1031	49	15	the	the	DET
ijtc-1031	49	16	profits	profit	NOUN
ijtc-1031	49	17	earned	earn	VERB
ijtc-1031	49	18	.	.	PUNCT
ijtc-1031	50	1	dividend	dividend	NOUN
ijtc-1031	50	2	tax	tax	NOUN
ijtc-1031	50	3	dividend	dividend	NOUN
ijtc-1031	50	4	tax	tax	NOUN
ijtc-1031	50	5	is	be	AUX
ijtc-1031	50	6	a	a	DET
ijtc-1031	50	7	tax	tax	NOUN
ijtc-1031	50	8	imposed	impose	VERB
ijtc-1031	50	9	on	on	ADP
ijtc-1031	50	10	dividends	dividend	NOUN
ijtc-1031	50	11	received	receive	VERB
ijtc-1031	50	12	.	.	PUNCT
ijtc-1031	51	1	as	as	SCONJ
ijtc-1031	51	2	explained	explain	VERB
ijtc-1031	51	3	in	in	ADP
ijtc-1031	51	4	research	research	NOUN
ijtc-1031	51	5	by	by	ADP
ijtc-1031	51	6	rohali	rohali	ADJ
ijtc-1031	51	7	and	and	CCONJ
ijtc-1031	51	8	utomo	utomo	ADJ
ijtc-1031	51	9	(	(	PUNCT
ijtc-1031	51	10	2022	2022	NUM
ijtc-1031	51	11	)	)	PUNCT
ijtc-1031	51	12	,	,	PUNCT
ijtc-1031	51	13	tax	tax	NOUN
ijtc-1031	51	14	(	(	PUNCT
ijtc-1031	51	15	income	income	NOUN
ijtc-1031	51	16	)	)	PUNCT
ijtc-1031	51	17	on	on	ADP
ijtc-1031	51	18	dividends	dividend	NOUN
ijtc-1031	51	19	is	be	AUX
ijtc-1031	51	20	a	a	DET
ijtc-1031	51	21	collection	collection	NOUN
ijtc-1031	51	22	or	or	CCONJ
ijtc-1031	51	23	deduction	deduction	NOUN
ijtc-1031	51	24	made	make	VERB
ijtc-1031	51	25	on	on	ADP
ijtc-1031	51	26	profits	profit	NOUN
ijtc-1031	51	27	obtained	obtain	VERB
ijtc-1031	51	28	by	by	ADP
ijtc-1031	51	29	shareholders	shareholder	NOUN
ijtc-1031	51	30	,	,	PUNCT
ijtc-1031	51	31	insurance	insurance	NOUN
ijtc-1031	51	32	policyholders	policyholder	NOUN
ijtc-1031	51	33	,	,	PUNCT
ijtc-1031	51	34	or	or	CCONJ
ijtc-1031	51	35	cooperative	cooperative	ADJ
ijtc-1031	51	36	members	member	NOUN
ijtc-1031	51	37	.	.	PUNCT
ijtc-1031	52	1	in	in	ADP
ijtc-1031	52	2	general	general	ADJ
ijtc-1031	52	3	,	,	PUNCT
ijtc-1031	52	4	taxation	taxation	NOUN
ijtc-1031	52	5	on	on	ADP
ijtc-1031	52	6	dividends	dividend	NOUN
ijtc-1031	52	7	is	be	AUX
ijtc-1031	52	8	imposed	impose	VERB
ijtc-1031	52	9	in	in	ADP
ijtc-1031	52	10	two	two	NUM
ijtc-1031	52	11	types	type	NOUN
ijtc-1031	52	12	,	,	PUNCT
ijtc-1031	52	13	namely	namely	ADV
ijtc-1031	52	14	the	the	DET
ijtc-1031	52	15	classical	classical	ADJ
ijtc-1031	52	16	system	system	NOUN
ijtc-1031	52	17	and	and	CCONJ
ijtc-1031	52	18	the	the	DET
ijtc-1031	52	19	one	one	NUM
ijtc-1031	52	20	-	-	PUNCT
ijtc-1031	52	21	tier	tier	NOUN
ijtc-1031	52	22	system	system	NOUN
ijtc-1031	52	23	(	(	PUNCT
ijtc-1031	52	24	ibfd	ibfd	VERB
ijtc-1031	52	25	international	international	ADJ
ijtc-1031	52	26	tax	tax	NOUN
ijtc-1031	52	27	glossary	glossary	NOUN
ijtc-1031	52	28	,	,	PUNCT
ijtc-1031	52	29	2015	2015	NUM
ijtc-1031	52	30	in	in	ADP
ijtc-1031	52	31	prayogo	prayogo	NOUN
ijtc-1031	52	32	and	and	CCONJ
ijtc-1031	52	33	mhasan	mhasan	ADJ
ijtc-1031	52	34	,	,	PUNCT
ijtc-1031	52	35	2022	2022	NUM
ijtc-1031	52	36	)	)	PUNCT
ijtc-1031	52	37	.	.	PUNCT
ijtc-1031	53	1	it	it	PRON
ijtc-1031	53	2	was	be	AUX
ijtc-1031	53	3	explained	explain	VERB
ijtc-1031	53	4	that	that	SCONJ
ijtc-1031	53	5	the	the	DET
ijtc-1031	53	6	classical	classical	ADJ
ijtc-1031	53	7	tier	tier	NOUN
ijtc-1031	53	8	is	be	AUX
ijtc-1031	53	9	taxation	taxation	NOUN
ijtc-1031	53	10	on	on	ADP
ijtc-1031	53	11	dividends	dividend	NOUN
ijtc-1031	53	12	which	which	PRON
ijtc-1031	53	13	are	be	AUX
ijtc-1031	53	14	imposed	impose	VERB
ijtc-1031	53	15	on	on	ADP
ijtc-1031	53	16	company	company	NOUN
ijtc-1031	53	17	profits	profit	NOUN
ijtc-1031	53	18	and	and	CCONJ
ijtc-1031	53	19	will	will	AUX
ijtc-1031	53	20	be	be	AUX
ijtc-1031	53	21	charged	charge	VERB
ijtc-1031	53	22	(	(	PUNCT
ijtc-1031	53	23	taxed	tax	VERB
ijtc-1031	53	24	)	)	PUNCT
ijtc-1031	53	25	again	again	ADV
ijtc-1031	53	26	when	when	SCONJ
ijtc-1031	53	27	distributed	distribute	VERB
ijtc-1031	53	28	to	to	ADP
ijtc-1031	53	29	shareholders	shareholder	NOUN
ijtc-1031	53	30	.	.	PUNCT
ijtc-1031	54	1	meanwhile	meanwhile	ADV
ijtc-1031	54	2	,	,	PUNCT
ijtc-1031	54	3	the	the	DET
ijtc-1031	54	4	one	one	NUM
ijtc-1031	54	5	-	-	PUNCT
ijtc-1031	54	6	tier	tier	NOUN
ijtc-1031	54	7	system	system	NOUN
ijtc-1031	54	8	is	be	AUX
ijtc-1031	54	9	taxation	taxation	NOUN
ijtc-1031	54	10	that	that	PRON
ijtc-1031	54	11	is	be	AUX
ijtc-1031	54	12	imposed	impose	VERB
ijtc-1031	54	13	only	only	ADV
ijtc-1031	54	14	at	at	ADP
ijtc-1031	54	15	the	the	DET
ijtc-1031	54	16	company	company	NOUN
ijtc-1031	54	17	level	level	NOUN
ijtc-1031	54	18	.	.	PUNCT
ijtc-1031	55	1	rohali	rohali	ADJ
ijtc-1031	55	2	and	and	CCONJ
ijtc-1031	55	3	utomo	utomo	ADJ
ijtc-1031	55	4	(	(	PUNCT
ijtc-1031	55	5	2022	2022	NUM
ijtc-1031	55	6	)	)	PUNCT
ijtc-1031	55	7	explain	explain	VERB
ijtc-1031	55	8	that	that	SCONJ
ijtc-1031	55	9	with	with	ADP
ijtc-1031	55	10	the	the	DET
ijtc-1031	55	11	implementation	implementation	NOUN
ijtc-1031	55	12	of	of	ADP
ijtc-1031	55	13	the	the	DET
ijtc-1031	55	14	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-1031	55	15	the	the	DET
ijtc-1031	55	16	influence	influence	NOUN
ijtc-1031	55	17	of	of	ADP
ijtc-1031	55	18	tax	tax	NOUN
ijtc-1031	55	19	exclusion	exclusion	NOUN
ijtc-1031	55	20	policies	policy	NOUN
ijtc-1031	55	21	and	and	CCONJ
ijtc-1031	55	22	other	other	ADJ
ijtc-1031	55	23	factors	factor	NOUN
ijtc-1031	55	24	on	on	ADP
ijtc-1031	55	25	the	the	DET
ijtc-1031	55	26	value	value	NOUN
ijtc-1031	55	27	of	of	ADP
ijtc-1031	55	28	dividends	dividend	NOUN
ijtc-1031	55	29	paid	pay	VERB
ijtc-1031	55	30	by	by	ADP
ijtc-1031	55	31	public	public	ADJ
ijtc-1031	55	32	companies	company	NOUN
ijtc-1031	55	33	in	in	ADP
ijtc-1031	55	34	indonesia	indonesia	PROPN
ijtc-1031	55	35	rizal	rizal	PROPN
ijtc-1031	55	36	,	,	PUNCT
ijtc-1031	55	37	supriyadi	supriyadi	NOUN
ijtc-1031	55	38	,	,	PUNCT
ijtc-1031	55	39	and	and	CCONJ
ijtc-1031	55	40	fachrudin	fachrudin	VERB
ijtc-1031	55	41	147	147	NUM
ijtc-1031	55	42	|	|	CCONJ
ijtc-1031	55	43	ilomata	ilomata	PROPN
ijtc-1031	55	44	international	international	ADJ
ijtc-1031	55	45	journal	journal	NOUN
ijtc-1031	55	46	of	of	ADP
ijtc-1031	55	47	tax	tax	PROPN
ijtc-1031	55	48	&	&	CCONJ
ijtc-1031	55	49	accounting	accounting	PROPN
ijtc-1031	55	50	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-1031	55	51	dividend	dividend	NOUN
ijtc-1031	55	52	exclusion	exclusion	NOUN
ijtc-1031	55	53	policy	policy	NOUN
ijtc-1031	55	54	as	as	ADP
ijtc-1031	55	55	an	an	DET
ijtc-1031	55	56	income	income	NOUN
ijtc-1031	55	57	tax	tax	NOUN
ijtc-1031	55	58	object	object	NOUN
ijtc-1031	55	59	for	for	ADP
ijtc-1031	55	60	domestic	domestic	ADJ
ijtc-1031	55	61	taxpayers	taxpayer	NOUN
ijtc-1031	55	62	,	,	PUNCT
ijtc-1031	55	63	indonesia	indonesia	PROPN
ijtc-1031	55	64	has	have	AUX
ijtc-1031	55	65	adopted	adopt	VERB
ijtc-1031	55	66	a	a	DET
ijtc-1031	55	67	single	single	ADJ
ijtc-1031	55	68	/	/	SYM
ijtc-1031	55	69	one	one	NUM
ijtc-1031	55	70	-	-	PUNCT
ijtc-1031	55	71	tier	tier	NOUN
ijtc-1031	55	72	tax	tax	NOUN
ijtc-1031	55	73	system	system	NOUN
ijtc-1031	55	74	.	.	PUNCT
ijtc-1031	56	1	wijaya	wijaya	NOUN
ijtc-1031	56	2	and	and	CCONJ
ijtc-1031	56	3	melati	melati	PROPN
ijtc-1031	56	4	(	(	PUNCT
ijtc-1031	56	5	2021	2021	NUM
ijtc-1031	56	6	)	)	PUNCT
ijtc-1031	56	7	explain	explain	VERB
ijtc-1031	56	8	that	that	SCONJ
ijtc-1031	56	9	referring	refer	VERB
ijtc-1031	56	10	to	to	ADP
ijtc-1031	56	11	the	the	DET
ijtc-1031	56	12	income	income	NOUN
ijtc-1031	56	13	tax	tax	NOUN
ijtc-1031	56	14	law	law	NOUN
ijtc-1031	56	15	before	before	SCONJ
ijtc-1031	56	16	it	it	PRON
ijtc-1031	56	17	was	be	AUX
ijtc-1031	56	18	amended	amend	VERB
ijtc-1031	56	19	by	by	ADP
ijtc-1031	56	20	the	the	DET
ijtc-1031	56	21	job	job	NOUN
ijtc-1031	56	22	creation	creation	NOUN
ijtc-1031	56	23	law	law	NOUN
ijtc-1031	56	24	,	,	PUNCT
ijtc-1031	56	25	dividends	dividend	NOUN
ijtc-1031	56	26	paid	pay	VERB
ijtc-1031	56	27	in	in	ADP
ijtc-1031	56	28	indonesia	indonesia	PROPN
ijtc-1031	56	29	were	be	AUX
ijtc-1031	56	30	subject	subject	ADJ
ijtc-1031	56	31	to	to	ADP
ijtc-1031	56	32	a	a	DET
ijtc-1031	56	33	final	final	ADJ
ijtc-1031	56	34	rate	rate	NOUN
ijtc-1031	56	35	of	of	ADP
ijtc-1031	56	36	10	10	NUM
ijtc-1031	56	37	%	%	NOUN
ijtc-1031	56	38	for	for	ADP
ijtc-1031	56	39	domestic	domestic	ADJ
ijtc-1031	56	40	individual	individual	ADJ
ijtc-1031	56	41	taxpayers	taxpayer	NOUN
ijtc-1031	56	42	and	and	CCONJ
ijtc-1031	56	43	corporate	corporate	ADJ
ijtc-1031	56	44	taxpayers	taxpayer	NOUN
ijtc-1031	56	45	,	,	PUNCT
ijtc-1031	56	46	they	they	PRON
ijtc-1031	56	47	were	be	AUX
ijtc-1031	56	48	subject	subject	ADJ
ijtc-1031	56	49	to	to	ADP
ijtc-1031	56	50	a	a	DET
ijtc-1031	56	51	rate	rate	NOUN
ijtc-1031	56	52	of	of	ADP
ijtc-1031	56	53	15	15	NUM
ijtc-1031	56	54	%	%	NOUN
ijtc-1031	56	55	and	and	CCONJ
ijtc-1031	56	56	could	could	AUX
ijtc-1031	56	57	be	be	AUX
ijtc-1031	56	58	credited	credit	VERB
ijtc-1031	56	59	as	as	ADP
ijtc-1031	56	60	credit	credit	NOUN
ijtc-1031	56	61	.	.	PUNCT
ijtc-1031	57	1	pph	pph	PROPN
ijtc-1031	57	2	article	article	NOUN
ijtc-1031	57	3	23	23	NUM
ijtc-1031	57	4	in	in	ADP
ijtc-1031	57	5	calculating	calculate	VERB
ijtc-1031	57	6	current	current	ADJ
ijtc-1031	57	7	year	year	NOUN
ijtc-1031	57	8	tax	tax	NOUN
ijtc-1031	57	9	.	.	PUNCT
ijtc-1031	58	1	with	with	ADP
ijtc-1031	58	2	the	the	DET
ijtc-1031	58	3	enactment	enactment	NOUN
ijtc-1031	58	4	of	of	ADP
ijtc-1031	58	5	the	the	DET
ijtc-1031	58	6	job	job	NOUN
ijtc-1031	58	7	creation	creation	NOUN
ijtc-1031	58	8	law	law	NOUN
ijtc-1031	58	9	and	and	CCONJ
ijtc-1031	58	10	its	its	PRON
ijtc-1031	58	11	practical	practical	ADJ
ijtc-1031	58	12	derivative	derivative	ADJ
ijtc-1031	58	13	provisions	provision	NOUN
ijtc-1031	58	14	,	,	PUNCT
ijtc-1031	58	15	dividends	dividend	NOUN
ijtc-1031	58	16	earned	earn	VERB
ijtc-1031	58	17	/	/	SYM
ijtc-1031	58	18	received	receive	VERB
ijtc-1031	58	19	by	by	ADP
ijtc-1031	58	20	domestic	domestic	ADJ
ijtc-1031	58	21	taxpayers	taxpayer	NOUN
ijtc-1031	58	22	can	can	AUX
ijtc-1031	58	23	be	be	AUX
ijtc-1031	58	24	excluded	exclude	VERB
ijtc-1031	58	25	as	as	ADP
ijtc-1031	58	26	income	income	NOUN
ijtc-1031	58	27	tax	tax	NOUN
ijtc-1031	58	28	objects	object	NOUN
ijtc-1031	58	29	.	.	PUNCT
ijtc-1031	59	1	tax	tax	NOUN
ijtc-1031	59	2	incentives	incentive	NOUN
ijtc-1031	59	3	wijaya	wijaya	PROPN
ijtc-1031	59	4	and	and	CCONJ
ijtc-1031	59	5	buana	buana	PROPN
ijtc-1031	59	6	(	(	PUNCT
ijtc-1031	59	7	2021	2021	NUM
ijtc-1031	59	8	)	)	PUNCT
ijtc-1031	59	9	define	define	VERB
ijtc-1031	59	10	tax	tax	NOUN
ijtc-1031	59	11	incentives	incentive	NOUN
ijtc-1031	59	12	as	as	ADP
ijtc-1031	59	13	encouragement	encouragement	NOUN
ijtc-1031	59	14	given	give	VERB
ijtc-1031	59	15	by	by	ADP
ijtc-1031	59	16	tax	tax	NOUN
ijtc-1031	59	17	institutions	institution	NOUN
ijtc-1031	59	18	so	so	SCONJ
ijtc-1031	59	19	that	that	SCONJ
ijtc-1031	59	20	taxpayers	taxpayer	NOUN
ijtc-1031	59	21	are	be	AUX
ijtc-1031	59	22	willing	willing	ADJ
ijtc-1031	59	23	to	to	PART
ijtc-1031	59	24	fulfill	fulfill	VERB
ijtc-1031	59	25	their	their	PRON
ijtc-1031	59	26	tax	tax	NOUN
ijtc-1031	59	27	obligations	obligation	NOUN
ijtc-1031	59	28	.	.	PUNCT
ijtc-1031	60	1	it	it	PRON
ijtc-1031	60	2	was	be	AUX
ijtc-1031	60	3	explained	explain	VERB
ijtc-1031	60	4	that	that	SCONJ
ijtc-1031	60	5	the	the	DET
ijtc-1031	60	6	impact	impact	NOUN
ijtc-1031	60	7	of	of	ADP
ijtc-1031	60	8	tax	tax	NOUN
ijtc-1031	60	9	incentives	incentive	NOUN
ijtc-1031	60	10	for	for	ADP
ijtc-1031	60	11	taxpayers	taxpayer	NOUN
ijtc-1031	60	12	is	be	AUX
ijtc-1031	60	13	the	the	DET
ijtc-1031	60	14	possibility	possibility	NOUN
ijtc-1031	60	15	of	of	ADP
ijtc-1031	60	16	reducing	reduce	VERB
ijtc-1031	60	17	the	the	DET
ijtc-1031	60	18	tax	tax	NOUN
ijtc-1031	60	19	burden	burden	NOUN
ijtc-1031	60	20	that	that	PRON
ijtc-1031	60	21	must	must	AUX
ijtc-1031	60	22	be	be	AUX
ijtc-1031	60	23	met	meet	VERB
ijtc-1031	60	24	by	by	ADP
ijtc-1031	60	25	taxpayers	taxpayer	NOUN
ijtc-1031	60	26	.	.	PUNCT
ijtc-1031	61	1	as	as	ADP
ijtc-1031	61	2	a	a	DET
ijtc-1031	61	3	result	result	NOUN
ijtc-1031	61	4	of	of	ADP
ijtc-1031	61	5	the	the	DET
ijtc-1031	61	6	reduced	reduce	VERB
ijtc-1031	61	7	tax	tax	NOUN
ijtc-1031	61	8	burden	burden	NOUN
ijtc-1031	61	9	as	as	SCONJ
ijtc-1031	61	10	explained	explain	VERB
ijtc-1031	61	11	in	in	ADP
ijtc-1031	61	12	the	the	DET
ijtc-1031	61	13	report	report	NOUN
ijtc-1031	61	14	(	(	PUNCT
ijtc-1031	61	15	world	world	PROPN
ijtc-1031	61	16	bank	bank	PROPN
ijtc-1031	61	17	,	,	PUNCT
ijtc-1031	61	18	2018	2018	NUM
ijtc-1031	61	19	)	)	PUNCT
ijtc-1031	61	20	,	,	PUNCT
ijtc-1031	61	21	production	production	NOUN
ijtc-1031	61	22	costs	cost	NOUN
ijtc-1031	61	23	are	be	AUX
ijtc-1031	61	24	lower	low	ADJ
ijtc-1031	61	25	so	so	SCONJ
ijtc-1031	61	26	that	that	SCONJ
ijtc-1031	61	27	the	the	DET
ijtc-1031	61	28	profits	profit	NOUN
ijtc-1031	61	29	obtained	obtain	VERB
ijtc-1031	61	30	by	by	ADP
ijtc-1031	61	31	business	business	NOUN
ijtc-1031	61	32	entities	entity	NOUN
ijtc-1031	61	33	will	will	AUX
ijtc-1031	61	34	increase	increase	VERB
ijtc-1031	61	35	.	.	PUNCT
ijtc-1031	62	1	how	how	SCONJ
ijtc-1031	62	2	tax	tax	NOUN
ijtc-1031	62	3	incentives	incentive	NOUN
ijtc-1031	62	4	work	work	VERB
ijtc-1031	62	5	to	to	PART
ijtc-1031	62	6	reduce	reduce	VERB
ijtc-1031	62	7	production	production	NOUN
ijtc-1031	62	8	costs	cost	NOUN
ijtc-1031	62	9	depends	depend	VERB
ijtc-1031	62	10	on	on	ADP
ijtc-1031	62	11	the	the	DET
ijtc-1031	62	12	form	form	NOUN
ijtc-1031	62	13	or	or	CCONJ
ijtc-1031	62	14	type	type	NOUN
ijtc-1031	62	15	of	of	ADP
ijtc-1031	62	16	tax	tax	NOUN
ijtc-1031	62	17	incentives	incentive	NOUN
ijtc-1031	62	18	provided	provide	VERB
ijtc-1031	62	19	.	.	PUNCT
ijtc-1031	63	1	there	there	PRON
ijtc-1031	63	2	are	be	VERB
ijtc-1031	63	3	various	various	ADJ
ijtc-1031	63	4	types	type	NOUN
ijtc-1031	63	5	of	of	ADP
ijtc-1031	63	6	tax	tax	NOUN
ijtc-1031	63	7	incentives	incentive	NOUN
ijtc-1031	63	8	,	,	PUNCT
ijtc-1031	63	9	in	in	ADP
ijtc-1031	63	10	research	research	NOUN
ijtc-1031	63	11	by	by	ADP
ijtc-1031	63	12	(	(	PUNCT
ijtc-1031	63	13	dahliah	dahliah	PROPN
ijtc-1031	63	14	&	&	CCONJ
ijtc-1031	63	15	tjan	tjan	PROPN
ijtc-1031	63	16	,	,	PUNCT
ijtc-1031	63	17	2022	2022	NUM
ijtc-1031	63	18	)	)	PUNCT
ijtc-1031	63	19	it	it	PRON
ijtc-1031	63	20	is	be	AUX
ijtc-1031	63	21	stated	state	VERB
ijtc-1031	63	22	that	that	SCONJ
ijtc-1031	63	23	tax	tax	NOUN
ijtc-1031	63	24	incentives	incentive	NOUN
ijtc-1031	63	25	can	can	AUX
ijtc-1031	63	26	be	be	AUX
ijtc-1031	63	27	in	in	ADP
ijtc-1031	63	28	the	the	DET
ijtc-1031	63	29	form	form	NOUN
ijtc-1031	63	30	of	of	ADP
ijtc-1031	63	31	tax	tax	NOUN
ijtc-1031	63	32	holidays	holiday	NOUN
ijtc-1031	63	33	,	,	PUNCT
ijtc-1031	63	34	tax	tax	NOUN
ijtc-1031	63	35	allowances	allowance	NOUN
ijtc-1031	63	36	,	,	PUNCT
ijtc-1031	63	37	and	and	CCONJ
ijtc-1031	63	38	tax	tax	NOUN
ijtc-1031	63	39	exemptions	exemption	NOUN
ijtc-1031	63	40	.	.	PUNCT
ijtc-1031	64	1	meanwhile	meanwhile	ADV
ijtc-1031	64	2	,	,	PUNCT
ijtc-1031	64	3	the	the	DET
ijtc-1031	64	4	components	component	NOUN
ijtc-1031	64	5	that	that	PRON
ijtc-1031	64	6	make	make	VERB
ijtc-1031	64	7	up	up	ADP
ijtc-1031	64	8	tax	tax	NOUN
ijtc-1031	64	9	incentives	incentive	NOUN
ijtc-1031	64	10	as	as	SCONJ
ijtc-1031	64	11	mentioned	mention	VERB
ijtc-1031	64	12	by	by	ADP
ijtc-1031	64	13	(	(	PUNCT
ijtc-1031	64	14	wijaya	wijaya	PROPN
ijtc-1031	64	15	&	&	CCONJ
ijtc-1031	64	16	buana	buana	PROPN
ijtc-1031	64	17	,	,	PUNCT
ijtc-1031	64	18	2021	2021	NUM
ijtc-1031	64	19	)	)	PUNCT
ijtc-1031	64	20	consist	consist	NOUN
ijtc-1031	64	21	of	of	ADP
ijtc-1031	64	22	exemptions	exemption	NOUN
ijtc-1031	64	23	from	from	ADP
ijtc-1031	64	24	taxation	taxation	NOUN
ijtc-1031	64	25	,	,	PUNCT
ijtc-1031	64	26	reductions	reduction	NOUN
ijtc-1031	64	27	in	in	ADP
ijtc-1031	64	28	the	the	DET
ijtc-1031	64	29	tax	tax	NOUN
ijtc-1031	64	30	base	base	NOUN
ijtc-1031	64	31	,	,	PUNCT
ijtc-1031	64	32	reductions	reduction	NOUN
ijtc-1031	64	33	in	in	ADP
ijtc-1031	64	34	tax	tax	NOUN
ijtc-1031	64	35	rates	rate	NOUN
ijtc-1031	64	36	,	,	PUNCT
ijtc-1031	64	37	and	and	CCONJ
ijtc-1031	64	38	tax	tax	NOUN
ijtc-1031	64	39	deferrals	deferral	NOUN
ijtc-1031	64	40	.	.	PUNCT
ijtc-1031	65	1	apart	apart	ADV
ijtc-1031	65	2	from	from	ADP
ijtc-1031	65	3	the	the	DET
ijtc-1031	65	4	four	four	NUM
ijtc-1031	65	5	components	component	NOUN
ijtc-1031	65	6	that	that	PRON
ijtc-1031	65	7	make	make	VERB
ijtc-1031	65	8	up	up	ADP
ijtc-1031	65	9	tax	tax	NOUN
ijtc-1031	65	10	incentives	incentive	NOUN
ijtc-1031	65	11	as	as	SCONJ
ijtc-1031	65	12	explained	explain	VERB
ijtc-1031	65	13	by	by	ADP
ijtc-1031	65	14	(	(	PUNCT
ijtc-1031	65	15	intan	intan	PROPN
ijtc-1031	65	16	,	,	PUNCT
ijtc-1031	65	17	2016	2016	NUM
ijtc-1031	65	18	;	;	PUNCT
ijtc-1031	65	19	wijaya	wijaya	PROPN
ijtc-1031	65	20	&	&	CCONJ
ijtc-1031	65	21	buana	buana	PROPN
ijtc-1031	65	22	,	,	PUNCT
ijtc-1031	65	23	2021	2021	NUM
ijtc-1031	65	24	)	)	PUNCT
ijtc-1031	65	25	in	in	ADP
ijtc-1031	65	26	her	her	PRON
ijtc-1031	65	27	research	research	NOUN
ijtc-1031	65	28	also	also	ADV
ijtc-1031	65	29	explains	explain	VERB
ijtc-1031	65	30	that	that	SCONJ
ijtc-1031	65	31	there	there	PRON
ijtc-1031	65	32	are	be	VERB
ijtc-1031	65	33	tax	tax	NOUN
ijtc-1031	65	34	incentives	incentive	NOUN
ijtc-1031	65	35	that	that	PRON
ijtc-1031	65	36	exclude	exclude	VERB
ijtc-1031	65	37	an	an	DET
ijtc-1031	65	38	object	object	NOUN
ijtc-1031	65	39	as	as	ADP
ijtc-1031	65	40	a	a	DET
ijtc-1031	65	41	tax	tax	NOUN
ijtc-1031	65	42	object	object	NOUN
ijtc-1031	65	43	or	or	CCONJ
ijtc-1031	65	44	can	can	AUX
ijtc-1031	65	45	be	be	AUX
ijtc-1031	65	46	called	call	VERB
ijtc-1031	65	47	an	an	DET
ijtc-1031	65	48	exception	exception	NOUN
ijtc-1031	65	49	as	as	ADP
ijtc-1031	65	50	a	a	DET
ijtc-1031	65	51	tax	tax	NOUN
ijtc-1031	65	52	object	object	NOUN
ijtc-1031	65	53	.	.	PUNCT
ijtc-1031	66	1	exceptions	exception	NOUN
ijtc-1031	66	2	as	as	ADP
ijtc-1031	66	3	tax	tax	NOUN
ijtc-1031	66	4	objects	object	NOUN
ijtc-1031	66	5	according	accord	VERB
ijtc-1031	66	6	to	to	ADP
ijtc-1031	66	7	wafikhoh	wafikhoh	PROPN
ijtc-1031	66	8	(	(	PUNCT
ijtc-1031	66	9	2022	2022	NUM
ijtc-1031	66	10	)	)	PUNCT
ijtc-1031	66	11	,	,	PUNCT
ijtc-1031	66	12	exemption	exemption	NOUN
ijtc-1031	66	13	as	as	ADP
ijtc-1031	66	14	a	a	DET
ijtc-1031	66	15	tax	tax	NOUN
ijtc-1031	66	16	object	object	NOUN
ijtc-1031	66	17	is	be	AUX
ijtc-1031	66	18	the	the	DET
ijtc-1031	66	19	same	same	ADJ
ijtc-1031	66	20	as	as	ADP
ijtc-1031	66	21	full	full	ADJ
ijtc-1031	66	22	exemption	exemption	NOUN
ijtc-1031	66	23	or	or	CCONJ
ijtc-1031	66	24	exemption	exemption	NOUN
ijtc-1031	66	25	without	without	ADP
ijtc-1031	66	26	progression	progression	NOUN
ijtc-1031	66	27	,	,	PUNCT
ijtc-1031	66	28	where	where	SCONJ
ijtc-1031	66	29	an	an	DET
ijtc-1031	66	30	object	object	NOUN
ijtc-1031	66	31	(	(	PUNCT
ijtc-1031	66	32	which	which	PRON
ijtc-1031	66	33	can	can	AUX
ijtc-1031	66	34	be	be	AUX
ijtc-1031	66	35	a	a	DET
ijtc-1031	66	36	type	type	NOUN
ijtc-1031	66	37	of	of	ADP
ijtc-1031	66	38	income	income	NOUN
ijtc-1031	66	39	)	)	PUNCT
ijtc-1031	66	40	is	be	AUX
ijtc-1031	66	41	excluded	exclude	VERB
ijtc-1031	66	42	from	from	ADP
ijtc-1031	66	43	the	the	DET
ijtc-1031	66	44	basis	basis	NOUN
ijtc-1031	66	45	of	of	ADP
ijtc-1031	66	46	tax	tax	NOUN
ijtc-1031	66	47	calculation	calculation	NOUN
ijtc-1031	66	48	.	.	PUNCT
ijtc-1031	67	1	the	the	DET
ijtc-1031	67	2	provisions	provision	NOUN
ijtc-1031	67	3	of	of	ADP
ijtc-1031	67	4	tax	tax	NOUN
ijtc-1031	67	5	legislation	legislation	NOUN
ijtc-1031	67	6	in	in	ADP
ijtc-1031	67	7	indonesia	indonesia	PROPN
ijtc-1031	67	8	regulate	regulate	VERB
ijtc-1031	67	9	things	thing	NOUN
ijtc-1031	67	10	(	(	PUNCT
ijtc-1031	67	11	which	which	PRON
ijtc-1031	67	12	can	can	AUX
ijtc-1031	67	13	be	be	AUX
ijtc-1031	67	14	income	income	NOUN
ijtc-1031	67	15	)	)	PUNCT
ijtc-1031	67	16	that	that	PRON
ijtc-1031	67	17	are	be	AUX
ijtc-1031	67	18	excluded	exclude	VERB
ijtc-1031	67	19	as	as	ADP
ijtc-1031	67	20	tax	tax	NOUN
ijtc-1031	67	21	objects	object	NOUN
ijtc-1031	67	22	as	as	SCONJ
ijtc-1031	67	23	stated	state	VERB
ijtc-1031	67	24	in	in	ADP
ijtc-1031	67	25	article	article	NOUN
ijtc-1031	67	26	4	4	NUM
ijtc-1031	67	27	paragraph	paragraph	NOUN
ijtc-1031	67	28	3	3	NUM
ijtc-1031	67	29	of	of	ADP
ijtc-1031	67	30	the	the	DET
ijtc-1031	67	31	income	income	NOUN
ijtc-1031	67	32	tax	tax	NOUN
ijtc-1031	67	33	law	law	NOUN
ijtc-1031	67	34	as	as	ADP
ijtc-1031	67	35	last	last	ADV
ijtc-1031	67	36	amended	amend	VERB
ijtc-1031	67	37	by	by	ADP
ijtc-1031	67	38	the	the	DET
ijtc-1031	67	39	law	law	NOUN
ijtc-1031	67	40	on	on	ADP
ijtc-1031	67	41	harmonization	harmonization	NOUN
ijtc-1031	67	42	of	of	ADP
ijtc-1031	67	43	tax	tax	NOUN
ijtc-1031	67	44	regulations	regulation	NOUN
ijtc-1031	67	45	.	.	PUNCT
ijtc-1031	68	1	some	some	DET
ijtc-1031	68	2	income	income	NOUN
ijtc-1031	68	3	that	that	PRON
ijtc-1031	68	4	is	be	AUX
ijtc-1031	68	5	excluded	exclude	VERB
ijtc-1031	68	6	as	as	ADP
ijtc-1031	68	7	a	a	DET
ijtc-1031	68	8	tax	tax	NOUN
ijtc-1031	68	9	object	object	NOUN
ijtc-1031	68	10	as	as	SCONJ
ijtc-1031	68	11	stated	state	VERB
ijtc-1031	68	12	in	in	ADP
ijtc-1031	68	13	the	the	DET
ijtc-1031	68	14	income	income	NOUN
ijtc-1031	68	15	tax	tax	NOUN
ijtc-1031	68	16	law	law	NOUN
ijtc-1031	68	17	includes	include	VERB
ijtc-1031	68	18	assistance	assistance	NOUN
ijtc-1031	68	19	or	or	CCONJ
ijtc-1031	68	20	donations	donation	NOUN
ijtc-1031	68	21	with	with	ADP
ijtc-1031	68	22	certain	certain	ADJ
ijtc-1031	68	23	conditions	condition	NOUN
ijtc-1031	68	24	,	,	PUNCT
ijtc-1031	68	25	inheritance	inheritance	NOUN
ijtc-1031	68	26	,	,	PUNCT
ijtc-1031	68	27	dividends	dividend	NOUN
ijtc-1031	68	28	with	with	ADP
ijtc-1031	68	29	certain	certain	ADJ
ijtc-1031	68	30	conditions	condition	NOUN
ijtc-1031	68	31	,	,	PUNCT
ijtc-1031	68	32	etc	etc	X
ijtc-1031	68	33	.	.	X
ijtc-1031	68	34	provisions	provision	NOUN
ijtc-1031	68	35	regarding	regard	VERB
ijtc-1031	68	36	income	income	NOUN
ijtc-1031	68	37	that	that	PRON
ijtc-1031	68	38	is	be	AUX
ijtc-1031	68	39	excluded	exclude	VERB
ijtc-1031	68	40	as	as	ADP
ijtc-1031	68	41	a	a	DET
ijtc-1031	68	42	tax	tax	NOUN
ijtc-1031	68	43	object	object	NOUN
ijtc-1031	68	44	have	have	AUX
ijtc-1031	68	45	not	not	PART
ijtc-1031	68	46	changed	change	VERB
ijtc-1031	68	47	much	much	ADV
ijtc-1031	68	48	since	since	SCONJ
ijtc-1031	68	49	the	the	DET
ijtc-1031	68	50	third	third	ADJ
ijtc-1031	68	51	amendment	amendment	NOUN
ijtc-1031	68	52	to	to	ADP
ijtc-1031	68	53	the	the	DET
ijtc-1031	68	54	income	income	NOUN
ijtc-1031	68	55	tax	tax	NOUN
ijtc-1031	68	56	law	law	NOUN
ijtc-1031	68	57	in	in	ADP
ijtc-1031	68	58	2008	2008	NUM
ijtc-1031	68	59	,	,	PUNCT
ijtc-1031	68	60	but	but	CCONJ
ijtc-1031	68	61	with	with	ADP
ijtc-1031	68	62	the	the	DET
ijtc-1031	68	63	issuance	issuance	NOUN
ijtc-1031	68	64	of	of	ADP
ijtc-1031	68	65	the	the	DET
ijtc-1031	68	66	job	job	NOUN
ijtc-1031	68	67	creation	creation	NOUN
ijtc-1031	68	68	law	law	NOUN
ijtc-1031	68	69	,	,	PUNCT
ijtc-1031	68	70	there	there	PRON
ijtc-1031	68	71	have	have	AUX
ijtc-1031	68	72	been	be	AUX
ijtc-1031	68	73	several	several	ADJ
ijtc-1031	68	74	changes	change	NOUN
ijtc-1031	68	75	and	and	CCONJ
ijtc-1031	68	76	additions	addition	NOUN
ijtc-1031	68	77	to	to	PART
ijtc-1031	68	78	income	income	VERB
ijtc-1031	68	79	that	that	PRON
ijtc-1031	68	80	is	be	AUX
ijtc-1031	68	81	excluded	exclude	VERB
ijtc-1031	68	82	as	as	ADP
ijtc-1031	68	83	a	a	DET
ijtc-1031	68	84	tax	tax	NOUN
ijtc-1031	68	85	object	object	NOUN
ijtc-1031	68	86	.	.	PUNCT
ijtc-1031	69	1	additional	additional	ADJ
ijtc-1031	69	2	income	income	NOUN
ijtc-1031	69	3	that	that	PRON
ijtc-1031	69	4	is	be	AUX
ijtc-1031	69	5	excluded	exclude	VERB
ijtc-1031	69	6	as	as	ADP
ijtc-1031	69	7	a	a	DET
ijtc-1031	69	8	tax	tax	NOUN
ijtc-1031	69	9	object	object	NOUN
ijtc-1031	69	10	includes	include	VERB
ijtc-1031	69	11	bpih	bpih	ADJ
ijtc-1031	69	12	deposits	deposit	NOUN
ijtc-1031	69	13	and	and	CCONJ
ijtc-1031	69	14	excess	excess	ADJ
ijtc-1031	69	15	balances	balance	NOUN
ijtc-1031	69	16	received	receive	VERB
ijtc-1031	69	17	by	by	ADP
ijtc-1031	69	18	social	social	ADJ
ijtc-1031	69	19	and	and	CCONJ
ijtc-1031	69	20	religious	religious	ADJ
ijtc-1031	69	21	institutions	institution	NOUN
ijtc-1031	69	22	that	that	PRON
ijtc-1031	69	23	meet	meet	VERB
ijtc-1031	69	24	certain	certain	ADJ
ijtc-1031	69	25	requirements	requirement	NOUN
ijtc-1031	69	26	.	.	PUNCT
ijtc-1031	70	1	meanwhile	meanwhile	ADV
ijtc-1031	70	2	,	,	PUNCT
ijtc-1031	70	3	the	the	DET
ijtc-1031	70	4	income	income	NOUN
ijtc-1031	70	5	that	that	PRON
ijtc-1031	70	6	changes	change	VERB
ijtc-1031	70	7	the	the	DET
ijtc-1031	70	8	requirements	requirement	NOUN
ijtc-1031	70	9	to	to	PART
ijtc-1031	70	10	obtain	obtain	VERB
ijtc-1031	70	11	exemption	exemption	NOUN
ijtc-1031	70	12	is	be	AUX
ijtc-1031	70	13	dividends	dividend	NOUN
ijtc-1031	70	14	.	.	PUNCT
ijtc-1031	71	1	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-1031	71	2	the	the	DET
ijtc-1031	71	3	influence	influence	NOUN
ijtc-1031	71	4	of	of	ADP
ijtc-1031	71	5	tax	tax	NOUN
ijtc-1031	71	6	exclusion	exclusion	NOUN
ijtc-1031	71	7	policies	policy	NOUN
ijtc-1031	71	8	and	and	CCONJ
ijtc-1031	71	9	other	other	ADJ
ijtc-1031	71	10	factors	factor	NOUN
ijtc-1031	71	11	on	on	ADP
ijtc-1031	71	12	the	the	DET
ijtc-1031	71	13	value	value	NOUN
ijtc-1031	71	14	of	of	ADP
ijtc-1031	71	15	dividends	dividend	NOUN
ijtc-1031	71	16	paid	pay	VERB
ijtc-1031	71	17	by	by	ADP
ijtc-1031	71	18	public	public	ADJ
ijtc-1031	71	19	companies	company	NOUN
ijtc-1031	71	20	in	in	ADP
ijtc-1031	71	21	indonesia	indonesia	PROPN
ijtc-1031	71	22	rizal	rizal	PROPN
ijtc-1031	71	23	,	,	PUNCT
ijtc-1031	71	24	supriyadi	supriyadi	NOUN
ijtc-1031	71	25	,	,	PUNCT
ijtc-1031	71	26	and	and	CCONJ
ijtc-1031	71	27	fachrudin	fachrudin	VERB
ijtc-1031	71	28	148	148	NUM
ijtc-1031	71	29	|	|	CCONJ
ijtc-1031	71	30	ilomata	ilomata	NOUN
ijtc-1031	71	31	international	international	ADJ
ijtc-1031	71	32	journal	journal	NOUN
ijtc-1031	71	33	of	of	ADP
ijtc-1031	71	34	tax	tax	PROPN
ijtc-1031	71	35	&	&	CCONJ
ijtc-1031	71	36	accounting	accounting	PROPN
ijtc-1031	71	37	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-1031	71	38	the	the	DET
ijtc-1031	71	39	income	income	NOUN
ijtc-1031	71	40	tax	tax	NOUN
ijtc-1031	71	41	law	law	NOUN
ijtc-1031	71	42	,	,	PUNCT
ijtc-1031	71	43	as	as	SCONJ
ijtc-1031	71	44	last	last	ADJ
ijtc-1031	71	45	amended	amend	VERB
ijtc-1031	71	46	by	by	ADP
ijtc-1031	71	47	the	the	DET
ijtc-1031	71	48	law	law	NOUN
ijtc-1031	71	49	on	on	ADP
ijtc-1031	71	50	harmonization	harmonization	NOUN
ijtc-1031	71	51	of	of	ADP
ijtc-1031	71	52	tax	tax	NOUN
ijtc-1031	71	53	regulations	regulation	NOUN
ijtc-1031	71	54	,	,	PUNCT
ijtc-1031	71	55	causes	cause	VERB
ijtc-1031	71	56	dividends	dividend	NOUN
ijtc-1031	71	57	paid	pay	VERB
ijtc-1031	71	58	to	to	ADP
ijtc-1031	71	59	domestic	domestic	ADJ
ijtc-1031	71	60	taxpayers	taxpayer	NOUN
ijtc-1031	71	61	(	(	PUNCT
ijtc-1031	71	62	dn	dn	PROPN
ijtc-1031	71	63	taxpayers	taxpayer	NOUN
ijtc-1031	71	64	)	)	PUNCT
ijtc-1031	71	65	to	to	PART
ijtc-1031	71	66	be	be	AUX
ijtc-1031	71	67	excluded	exclude	VERB
ijtc-1031	71	68	as	as	ADP
ijtc-1031	71	69	tax	tax	NOUN
ijtc-1031	71	70	objects	object	NOUN
ijtc-1031	71	71	.	.	PUNCT
ijtc-1031	72	1	this	this	PRON
ijtc-1031	72	2	is	be	AUX
ijtc-1031	72	3	different	different	ADJ
ijtc-1031	72	4	from	from	ADP
ijtc-1031	72	5	the	the	DET
ijtc-1031	72	6	previous	previous	ADJ
ijtc-1031	72	7	provisions	provision	NOUN
ijtc-1031	72	8	which	which	PRON
ijtc-1031	72	9	stipulate	stipulate	VERB
ijtc-1031	72	10	that	that	SCONJ
ijtc-1031	72	11	corporate	corporate	ADJ
ijtc-1031	72	12	taxpayers	taxpayer	NOUN
ijtc-1031	72	13	with	with	ADP
ijtc-1031	72	14	share	share	NOUN
ijtc-1031	72	15	ownership	ownership	NOUN
ijtc-1031	72	16	of	of	ADP
ijtc-1031	72	17	25	25	NUM
ijtc-1031	72	18	%	%	NOUN
ijtc-1031	72	19	or	or	CCONJ
ijtc-1031	72	20	more	more	ADJ
ijtc-1031	72	21	or	or	CCONJ
ijtc-1031	72	22	corporate	corporate	ADJ
ijtc-1031	72	23	taxpayers	taxpayer	NOUN
ijtc-1031	72	24	in	in	ADP
ijtc-1031	72	25	the	the	DET
ijtc-1031	72	26	form	form	NOUN
ijtc-1031	72	27	of	of	ADP
ijtc-1031	72	28	cvs	cvs	NOUN
ijtc-1031	72	29	or	or	CCONJ
ijtc-1031	72	30	firms	firm	NOUN
ijtc-1031	72	31	are	be	AUX
ijtc-1031	72	32	not	not	PART
ijtc-1031	72	33	subject	subject	ADJ
ijtc-1031	72	34	to	to	ADP
ijtc-1031	72	35	tax	tax	NOUN
ijtc-1031	72	36	on	on	ADP
ijtc-1031	72	37	dividends	dividend	NOUN
ijtc-1031	72	38	received	receive	VERB
ijtc-1031	72	39	.	.	PUNCT
ijtc-1031	73	1	meanwhile	meanwhile	ADV
ijtc-1031	73	2	,	,	PUNCT
ijtc-1031	73	3	since	since	SCONJ
ijtc-1031	73	4	the	the	DET
ijtc-1031	73	5	enactment	enactment	NOUN
ijtc-1031	73	6	of	of	ADP
ijtc-1031	73	7	the	the	DET
ijtc-1031	73	8	law	law	NOUN
ijtc-1031	73	9	on	on	ADP
ijtc-1031	73	10	harmonization	harmonization	NOUN
ijtc-1031	73	11	of	of	ADP
ijtc-1031	73	12	tax	tax	NOUN
ijtc-1031	73	13	regulations	regulation	NOUN
ijtc-1031	73	14	,	,	PUNCT
ijtc-1031	73	15	dividends	dividend	NOUN
ijtc-1031	73	16	received	receive	VERB
ijtc-1031	73	17	by	by	ADP
ijtc-1031	73	18	all	all	DET
ijtc-1031	73	19	corporate	corporate	ADJ
ijtc-1031	73	20	dn	dn	NOUN
ijtc-1031	73	21	taxpayers	taxpayer	NOUN
ijtc-1031	73	22	are	be	AUX
ijtc-1031	73	23	excluded	exclude	VERB
ijtc-1031	73	24	as	as	ADP
ijtc-1031	73	25	tax	tax	NOUN
ijtc-1031	73	26	objects	object	NOUN
ijtc-1031	73	27	.	.	PUNCT
ijtc-1031	74	1	apart	apart	ADV
ijtc-1031	74	2	from	from	ADP
ijtc-1031	74	3	that	that	PRON
ijtc-1031	74	4	,	,	PUNCT
ijtc-1031	74	5	dividends	dividend	NOUN
ijtc-1031	74	6	received	receive	VERB
ijtc-1031	74	7	by	by	ADP
ijtc-1031	74	8	domestic	domestic	ADJ
ijtc-1031	74	9	individual	individual	ADJ
ijtc-1031	74	10	taxpayers	taxpayer	NOUN
ijtc-1031	74	11	if	if	SCONJ
ijtc-1031	74	12	they	they	PRON
ijtc-1031	74	13	are	be	AUX
ijtc-1031	74	14	invested	invest	VERB
ijtc-1031	74	15	domestically	domestically	ADV
ijtc-1031	74	16	are	be	AUX
ijtc-1031	74	17	also	also	ADV
ijtc-1031	74	18	excluded	exclude	VERB
ijtc-1031	74	19	as	as	ADP
ijtc-1031	74	20	a	a	DET
ijtc-1031	74	21	tax	tax	NOUN
ijtc-1031	74	22	object	object	NOUN
ijtc-1031	74	23	,	,	PUNCT
ijtc-1031	74	24	conversely	conversely	ADV
ijtc-1031	74	25	if	if	SCONJ
ijtc-1031	74	26	the	the	DET
ijtc-1031	74	27	dividends	dividend	NOUN
ijtc-1031	74	28	are	be	AUX
ijtc-1031	74	29	not	not	PART
ijtc-1031	74	30	invested	invest	VERB
ijtc-1031	74	31	domestically	domestically	ADV
ijtc-1031	74	32	then	then	ADV
ijtc-1031	74	33	the	the	DET
ijtc-1031	74	34	dividends	dividend	NOUN
ijtc-1031	74	35	are	be	AUX
ijtc-1031	74	36	still	still	ADV
ijtc-1031	74	37	subject	subject	ADJ
ijtc-1031	74	38	to	to	ADP
ijtc-1031	74	39	tax	tax	NOUN
ijtc-1031	74	40	.	.	PUNCT
ijtc-1031	75	1	the	the	DET
ijtc-1031	75	2	effect	effect	NOUN
ijtc-1031	75	3	of	of	ADP
ijtc-1031	75	4	excluding	exclude	VERB
ijtc-1031	75	5	dividends	dividend	NOUN
ijtc-1031	75	6	as	as	ADP
ijtc-1031	75	7	a	a	DET
ijtc-1031	75	8	tax	tax	NOUN
ijtc-1031	75	9	object	object	NOUN
ijtc-1031	75	10	on	on	ADP
ijtc-1031	75	11	dividend	dividend	NOUN
ijtc-1031	75	12	payments	payment	NOUN
ijtc-1031	75	13	the	the	DET
ijtc-1031	75	14	enactment	enactment	NOUN
ijtc-1031	75	15	of	of	ADP
ijtc-1031	75	16	the	the	DET
ijtc-1031	75	17	job	job	NOUN
ijtc-1031	75	18	creation	creation	NOUN
ijtc-1031	75	19	law	law	NOUN
ijtc-1031	75	20	and	and	CCONJ
ijtc-1031	75	21	its	its	PRON
ijtc-1031	75	22	derivative	derivative	ADJ
ijtc-1031	75	23	regulations	regulation	NOUN
ijtc-1031	75	24	means	mean	VERB
ijtc-1031	75	25	that	that	SCONJ
ijtc-1031	75	26	dividends	dividend	NOUN
ijtc-1031	75	27	can	can	AUX
ijtc-1031	75	28	be	be	AUX
ijtc-1031	75	29	excluded	exclude	VERB
ijtc-1031	75	30	as	as	ADP
ijtc-1031	75	31	a	a	DET
ijtc-1031	75	32	tax	tax	NOUN
ijtc-1031	75	33	object	object	NOUN
ijtc-1031	75	34	.	.	PUNCT
ijtc-1031	76	1	dividends	dividend	NOUN
ijtc-1031	76	2	will	will	AUX
ijtc-1031	76	3	be	be	AUX
ijtc-1031	76	4	excluded	exclude	VERB
ijtc-1031	76	5	as	as	ADP
ijtc-1031	76	6	a	a	DET
ijtc-1031	76	7	tax	tax	NOUN
ijtc-1031	76	8	object	object	NOUN
ijtc-1031	76	9	if	if	SCONJ
ijtc-1031	76	10	they	they	PRON
ijtc-1031	76	11	are	be	AUX
ijtc-1031	76	12	received	receive	VERB
ijtc-1031	76	13	by	by	ADP
ijtc-1031	76	14	domestic	domestic	ADJ
ijtc-1031	76	15	taxpayers	taxpayer	NOUN
ijtc-1031	76	16	and	and	CCONJ
ijtc-1031	76	17	invested	invest	VERB
ijtc-1031	76	18	in	in	ADP
ijtc-1031	76	19	the	the	DET
ijtc-1031	76	20	country	country	NOUN
ijtc-1031	76	21	within	within	ADP
ijtc-1031	76	22	a	a	DET
ijtc-1031	76	23	certain	certain	ADJ
ijtc-1031	76	24	period	period	NOUN
ijtc-1031	76	25	.	.	PUNCT
ijtc-1031	77	1	however	however	ADV
ijtc-1031	77	2	,	,	PUNCT
ijtc-1031	77	3	if	if	SCONJ
ijtc-1031	77	4	dividends	dividend	NOUN
ijtc-1031	77	5	are	be	AUX
ijtc-1031	77	6	not	not	PART
ijtc-1031	77	7	invested	invest	VERB
ijtc-1031	77	8	domestically	domestically	ADV
ijtc-1031	77	9	within	within	ADP
ijtc-1031	77	10	a	a	DET
ijtc-1031	77	11	certain	certain	ADJ
ijtc-1031	77	12	period	period	NOUN
ijtc-1031	77	13	,	,	PUNCT
ijtc-1031	77	14	taxpayers	taxpayer	NOUN
ijtc-1031	77	15	are	be	AUX
ijtc-1031	77	16	still	still	ADV
ijtc-1031	77	17	required	require	VERB
ijtc-1031	77	18	to	to	PART
ijtc-1031	77	19	pay	pay	VERB
ijtc-1031	77	20	tax	tax	NOUN
ijtc-1031	77	21	on	on	ADP
ijtc-1031	77	22	the	the	DET
ijtc-1031	77	23	dividends	dividend	NOUN
ijtc-1031	77	24	received	receive	VERB
ijtc-1031	77	25	.	.	PUNCT
ijtc-1031	78	1	based	base	VERB
ijtc-1031	78	2	on	on	ADP
ijtc-1031	78	3	research	research	NOUN
ijtc-1031	78	4	by	by	ADP
ijtc-1031	78	5	yu	yu	PROPN
ijtc-1031	78	6	et	et	PROPN
ijtc-1031	78	7	al	al	PROPN
ijtc-1031	78	8	.	.	PROPN
ijtc-1031	79	1	(	(	PUNCT
ijtc-1031	79	2	2021	2021	NUM
ijtc-1031	79	3	)	)	PUNCT
ijtc-1031	79	4	and	and	CCONJ
ijtc-1031	79	5	yagan	yagan	VERB
ijtc-1031	79	6	(	(	PUNCT
ijtc-1031	79	7	2018	2018	NUM
ijtc-1031	79	8	)	)	PUNCT
ijtc-1031	79	9	explained	explain	VERB
ijtc-1031	79	10	that	that	SCONJ
ijtc-1031	79	11	shareholders	shareholder	NOUN
ijtc-1031	79	12	tend	tend	VERB
ijtc-1031	79	13	to	to	PART
ijtc-1031	79	14	take	take	VERB
ijtc-1031	79	15	advantage	advantage	NOUN
ijtc-1031	79	16	of	of	ADP
ijtc-1031	79	17	the	the	DET
ijtc-1031	79	18	reduction	reduction	NOUN
ijtc-1031	79	19	in	in	ADP
ijtc-1031	79	20	dividend	dividend	NOUN
ijtc-1031	79	21	tax	tax	NOUN
ijtc-1031	79	22	rates	rate	NOUN
ijtc-1031	79	23	.	.	PUNCT
ijtc-1031	80	1	as	as	SCONJ
ijtc-1031	80	2	mentioned	mention	VERB
ijtc-1031	80	3	in	in	ADP
ijtc-1031	80	4	yu	yu	PROPN
ijtc-1031	80	5	et	et	PROPN
ijtc-1031	80	6	al	al	PROPN
ijtc-1031	80	7	.	.	PROPN
ijtc-1031	81	1	(	(	PUNCT
ijtc-1031	81	2	2021	2021	NUM
ijtc-1031	81	3	)	)	PUNCT
ijtc-1031	81	4	dividend	dividend	NOUN
ijtc-1031	81	5	payments	payment	NOUN
ijtc-1031	81	6	increase	increase	VERB
ijtc-1031	81	7	when	when	SCONJ
ijtc-1031	81	8	the	the	DET
ijtc-1031	81	9	majority	majority	NOUN
ijtc-1031	81	10	shareholder	shareholder	NOUN
ijtc-1031	81	11	feels	feel	VERB
ijtc-1031	81	12	they	they	PRON
ijtc-1031	81	13	have	have	AUX
ijtc-1031	81	14	benefited	benefit	VERB
ijtc-1031	81	15	from	from	ADP
ijtc-1031	81	16	a	a	DET
ijtc-1031	81	17	reduction	reduction	NOUN
ijtc-1031	81	18	in	in	ADP
ijtc-1031	81	19	dividend	dividend	NOUN
ijtc-1031	81	20	tax	tax	NOUN
ijtc-1031	81	21	and	and	CCONJ
ijtc-1031	81	22	wants	want	VERB
ijtc-1031	81	23	large	large	ADJ
ijtc-1031	81	24	dividend	dividend	NOUN
ijtc-1031	81	25	payments	payment	NOUN
ijtc-1031	81	26	.	.	PUNCT
ijtc-1031	82	1	meanwhile	meanwhile	ADV
ijtc-1031	82	2	,	,	PUNCT
ijtc-1031	82	3	yagan	yagan	PROPN
ijtc-1031	82	4	(	(	PUNCT
ijtc-1031	82	5	2018	2018	NUM
ijtc-1031	82	6	)	)	PUNCT
ijtc-1031	82	7	explains	explain	VERB
ijtc-1031	82	8	that	that	SCONJ
ijtc-1031	82	9	the	the	DET
ijtc-1031	82	10	dpr	dpr	PROPN
ijtc-1031	82	11	of	of	ADP
ijtc-1031	82	12	some	some	DET
ijtc-1031	82	13	companies	company	NOUN
ijtc-1031	82	14	in	in	ADP
ijtc-1031	82	15	the	the	DET
ijtc-1031	82	16	united	united	PROPN
ijtc-1031	82	17	states	states	PROPN
ijtc-1031	82	18	experienced	experience	VERB
ijtc-1031	82	19	a	a	DET
ijtc-1031	82	20	significant	significant	ADJ
ijtc-1031	82	21	increase	increase	NOUN
ijtc-1031	82	22	in	in	ADP
ijtc-1031	82	23	the	the	DET
ijtc-1031	82	24	initial	initial	ADJ
ijtc-1031	82	25	phase	phase	NOUN
ijtc-1031	82	26	of	of	ADP
ijtc-1031	82	27	reducing	reduce	VERB
ijtc-1031	82	28	the	the	DET
ijtc-1031	82	29	dividend	dividend	NOUN
ijtc-1031	82	30	tax	tax	NOUN
ijtc-1031	82	31	rate	rate	NOUN
ijtc-1031	82	32	in	in	ADP
ijtc-1031	82	33	the	the	DET
ijtc-1031	82	34	united	united	PROPN
ijtc-1031	82	35	states	states	PROPN
ijtc-1031	82	36	in	in	ADP
ijtc-1031	82	37	2003	2003	NUM
ijtc-1031	82	38	.	.	PUNCT
ijtc-1031	83	1	the	the	DET
ijtc-1031	83	2	same	same	ADJ
ijtc-1031	83	3	thing	thing	NOUN
ijtc-1031	83	4	might	might	AUX
ijtc-1031	83	5	also	also	ADV
ijtc-1031	83	6	happen	happen	VERB
ijtc-1031	83	7	in	in	ADP
ijtc-1031	83	8	indonesia	indonesia	PROPN
ijtc-1031	83	9	,	,	PUNCT
ijtc-1031	83	10	to	to	PART
ijtc-1031	83	11	take	take	VERB
ijtc-1031	83	12	advantage	advantage	NOUN
ijtc-1031	83	13	of	of	ADP
ijtc-1031	83	14	the	the	DET
ijtc-1031	83	15	reduction	reduction	NOUN
ijtc-1031	83	16	in	in	ADP
ijtc-1031	83	17	tax	tax	NOUN
ijtc-1031	83	18	rates	rate	NOUN
ijtc-1031	83	19	,	,	PUNCT
ijtc-1031	83	20	in	in	ADP
ijtc-1031	83	21	the	the	DET
ijtc-1031	83	22	form	form	NOUN
ijtc-1031	83	23	of	of	ADP
ijtc-1031	83	24	an	an	DET
ijtc-1031	83	25	exemption	exemption	NOUN
ijtc-1031	83	26	for	for	ADP
ijtc-1031	83	27	dividends	dividend	NOUN
ijtc-1031	83	28	as	as	ADP
ijtc-1031	83	29	an	an	DET
ijtc-1031	83	30	income	income	NOUN
ijtc-1031	83	31	tax	tax	NOUN
ijtc-1031	83	32	object	object	NOUN
ijtc-1031	83	33	.	.	PUNCT
ijtc-1031	84	1	,	,	PUNCT
ijtc-1031	84	2	the	the	DET
ijtc-1031	84	3	company	company	NOUN
ijtc-1031	84	4	will	will	AUX
ijtc-1031	84	5	pay	pay	VERB
ijtc-1031	84	6	or	or	CCONJ
ijtc-1031	84	7	distribute	distribute	VERB
ijtc-1031	84	8	larger	large	ADJ
ijtc-1031	84	9	dividends	dividend	NOUN
ijtc-1031	84	10	to	to	ADP
ijtc-1031	84	11	its	its	PRON
ijtc-1031	84	12	shareholders	shareholder	NOUN
ijtc-1031	84	13	.	.	PUNCT
ijtc-1031	85	1	therefore	therefore	ADV
ijtc-1031	85	2	,	,	PUNCT
ijtc-1031	85	3	the	the	DET
ijtc-1031	85	4	hypothesis	hypothesis	NOUN
ijtc-1031	85	5	that	that	PRON
ijtc-1031	85	6	will	will	AUX
ijtc-1031	85	7	be	be	AUX
ijtc-1031	85	8	developed	develop	VERB
ijtc-1031	85	9	is	be	AUX
ijtc-1031	85	10	that	that	SCONJ
ijtc-1031	85	11	the	the	DET
ijtc-1031	85	12	dividend	dividend	NOUN
ijtc-1031	85	13	exclusion	exclusion	NOUN
ijtc-1031	85	14	policy	policy	NOUN
ijtc-1031	85	15	will	will	AUX
ijtc-1031	85	16	have	have	VERB
ijtc-1031	85	17	a	a	DET
ijtc-1031	85	18	significant	significant	ADJ
ijtc-1031	85	19	and	and	CCONJ
ijtc-1031	85	20	positive	positive	ADJ
ijtc-1031	85	21	effect	effect	NOUN
ijtc-1031	85	22	on	on	ADP
ijtc-1031	85	23	dividends	dividend	NOUN
ijtc-1031	85	24	paid	pay	VERB
ijtc-1031	85	25	by	by	ADP
ijtc-1031	85	26	the	the	DET
ijtc-1031	85	27	company	company	NOUN
ijtc-1031	85	28	.	.	PUNCT
ijtc-1031	86	1	h1	h1	PROPN
ijtc-1031	86	2	:	:	PUNCT
ijtc-1031	86	3	the	the	DET
ijtc-1031	86	4	dividend	dividend	NOUN
ijtc-1031	86	5	exclusion	exclusion	NOUN
ijtc-1031	86	6	policy	policy	NOUN
ijtc-1031	86	7	will	will	AUX
ijtc-1031	86	8	have	have	VERB
ijtc-1031	86	9	a	a	DET
ijtc-1031	86	10	significant	significant	ADJ
ijtc-1031	86	11	and	and	CCONJ
ijtc-1031	86	12	positive	positive	ADJ
ijtc-1031	86	13	effect	effect	NOUN
ijtc-1031	86	14	on	on	ADP
ijtc-1031	86	15	dividends	dividend	NOUN
ijtc-1031	86	16	paid	pay	VERB
ijtc-1031	86	17	by	by	ADP
ijtc-1031	86	18	the	the	DET
ijtc-1031	86	19	company	company	NOUN
ijtc-1031	86	20	.	.	PUNCT
ijtc-1031	87	1	effect	effect	NOUN
ijtc-1031	87	2	of	of	ADP
ijtc-1031	87	3	net	net	ADJ
ijtc-1031	87	4	profit	profit	NOUN
ijtc-1031	87	5	on	on	ADP
ijtc-1031	87	6	dividends	dividend	NOUN
ijtc-1031	87	7	fiqih	fiqih	NOUN
ijtc-1031	87	8	(	(	PUNCT
ijtc-1031	87	9	2021	2021	NUM
ijtc-1031	87	10	)	)	PUNCT
ijtc-1031	87	11	explains	explain	VERB
ijtc-1031	87	12	that	that	SCONJ
ijtc-1031	87	13	net	net	ADJ
ijtc-1031	87	14	profit	profit	NOUN
ijtc-1031	87	15	and	and	CCONJ
ijtc-1031	87	16	operating	operate	VERB
ijtc-1031	87	17	cash	cash	NOUN
ijtc-1031	87	18	flow	flow	NOUN
ijtc-1031	87	19	have	have	VERB
ijtc-1031	87	20	a	a	DET
ijtc-1031	87	21	significant	significant	ADJ
ijtc-1031	87	22	and	and	CCONJ
ijtc-1031	87	23	positive	positive	ADJ
ijtc-1031	87	24	effect	effect	NOUN
ijtc-1031	87	25	on	on	ADP
ijtc-1031	87	26	cash	cash	NOUN
ijtc-1031	87	27	dividends	dividend	NOUN
ijtc-1031	87	28	paid	pay	VERB
ijtc-1031	87	29	by	by	ADP
ijtc-1031	87	30	the	the	DET
ijtc-1031	87	31	company	company	NOUN
ijtc-1031	87	32	.	.	PUNCT
ijtc-1031	88	1	it	it	PRON
ijtc-1031	88	2	is	be	AUX
ijtc-1031	88	3	explained	explain	VERB
ijtc-1031	88	4	that	that	SCONJ
ijtc-1031	88	5	the	the	PRON
ijtc-1031	88	6	higher	high	ADJ
ijtc-1031	88	7	the	the	DET
ijtc-1031	88	8	net	net	ADJ
ijtc-1031	88	9	profit	profit	NOUN
ijtc-1031	88	10	,	,	PUNCT
ijtc-1031	88	11	the	the	PRON
ijtc-1031	88	12	greater	great	ADJ
ijtc-1031	88	13	the	the	DET
ijtc-1031	88	14	cash	cash	NOUN
ijtc-1031	88	15	dividend	dividend	NOUN
ijtc-1031	88	16	distribution	distribution	NOUN
ijtc-1031	88	17	will	will	AUX
ijtc-1031	88	18	be	be	AUX
ijtc-1031	88	19	,	,	PUNCT
ijtc-1031	88	20	and	and	CCONJ
ijtc-1031	88	21	vice	vice	ADV
ijtc-1031	88	22	versa	versa	ADV
ijtc-1031	88	23	.	.	PUNCT
ijtc-1031	89	1	widjanarko	widjanarko	PROPN
ijtc-1031	89	2	et	et	PROPN
ijtc-1031	89	3	al	al	PROPN
ijtc-1031	89	4	.	.	PROPN
ijtc-1031	89	5	(	(	PUNCT
ijtc-1031	89	6	2021	2021	NUM
ijtc-1031	89	7	)	)	PUNCT
ijtc-1031	89	8	also	also	ADV
ijtc-1031	89	9	explain	explain	VERB
ijtc-1031	89	10	that	that	SCONJ
ijtc-1031	89	11	a	a	DET
ijtc-1031	89	12	company	company	NOUN
ijtc-1031	89	13	's	's	PART
ijtc-1031	89	14	net	net	ADJ
ijtc-1031	89	15	profit	profit	NOUN
ijtc-1031	89	16	has	have	VERB
ijtc-1031	89	17	a	a	DET
ijtc-1031	89	18	significant	significant	ADJ
ijtc-1031	89	19	and	and	CCONJ
ijtc-1031	89	20	positive	positive	ADJ
ijtc-1031	89	21	effect	effect	NOUN
ijtc-1031	89	22	on	on	ADP
ijtc-1031	89	23	a	a	DET
ijtc-1031	89	24	company	company	NOUN
ijtc-1031	89	25	's	's	PART
ijtc-1031	89	26	dividend	dividend	NOUN
ijtc-1031	89	27	policy	policy	NOUN
ijtc-1031	89	28	.	.	PUNCT
ijtc-1031	90	1	it	it	PRON
ijtc-1031	90	2	is	be	AUX
ijtc-1031	90	3	explained	explain	VERB
ijtc-1031	90	4	that	that	SCONJ
ijtc-1031	90	5	an	an	DET
ijtc-1031	90	6	increase	increase	NOUN
ijtc-1031	90	7	in	in	ADP
ijtc-1031	90	8	a	a	DET
ijtc-1031	90	9	company	company	NOUN
ijtc-1031	90	10	's	's	PART
ijtc-1031	90	11	net	net	ADJ
ijtc-1031	90	12	profit	profit	NOUN
ijtc-1031	90	13	can	can	AUX
ijtc-1031	90	14	increase	increase	VERB
ijtc-1031	90	15	dividends	dividend	NOUN
ijtc-1031	90	16	because	because	SCONJ
ijtc-1031	90	17	a	a	DET
ijtc-1031	90	18	company	company	NOUN
ijtc-1031	90	19	that	that	PRON
ijtc-1031	90	20	has	have	VERB
ijtc-1031	90	21	a	a	DET
ijtc-1031	90	22	larger	large	ADJ
ijtc-1031	90	23	net	net	ADJ
ijtc-1031	90	24	profit	profit	NOUN
ijtc-1031	90	25	will	will	AUX
ijtc-1031	90	26	have	have	VERB
ijtc-1031	90	27	more	more	ADJ
ijtc-1031	90	28	profit	profit	NOUN
ijtc-1031	90	29	to	to	PART
ijtc-1031	90	30	distribute	distribute	VERB
ijtc-1031	90	31	to	to	ADP
ijtc-1031	90	32	shareholders	shareholder	NOUN
ijtc-1031	90	33	or	or	CCONJ
ijtc-1031	90	34	retain	retain	VERB
ijtc-1031	90	35	to	to	PART
ijtc-1031	90	36	increase	increase	VERB
ijtc-1031	90	37	the	the	DET
ijtc-1031	90	38	company	company	NOUN
ijtc-1031	90	39	's	's	PART
ijtc-1031	90	40	equity	equity	NOUN
ijtc-1031	90	41	.	.	PUNCT
ijtc-1031	91	1	apart	apart	ADV
ijtc-1031	91	2	from	from	ADP
ijtc-1031	91	3	(	(	PUNCT
ijtc-1031	91	4	fiqih	fiqih	NOUN
ijtc-1031	91	5	,	,	PUNCT
ijtc-1031	91	6	2021	2021	NUM
ijtc-1031	91	7	;	;	PUNCT
ijtc-1031	91	8	meidawati	meidawati	NOUN
ijtc-1031	91	9	et	et	PROPN
ijtc-1031	91	10	al	al	PROPN
ijtc-1031	91	11	.	.	PROPN
ijtc-1031	91	12	,	,	PUNCT
ijtc-1031	91	13	2020	2020	NUM
ijtc-1031	91	14	;	;	PUNCT
ijtc-1031	91	15	widjanarko	widjanarko	PROPN
ijtc-1031	91	16	et	et	PROPN
ijtc-1031	91	17	al	al	PROPN
ijtc-1031	91	18	.	.	PROPN
ijtc-1031	91	19	,	,	PUNCT
ijtc-1031	91	20	2021	2021	NUM
ijtc-1031	91	21	)	)	PUNCT
ijtc-1031	91	22	also	also	ADV
ijtc-1031	91	23	found	find	VERB
ijtc-1031	91	24	that	that	SCONJ
ijtc-1031	91	25	the	the	DET
ijtc-1031	91	26	level	level	NOUN
ijtc-1031	91	27	of	of	ADP
ijtc-1031	91	28	net	net	ADJ
ijtc-1031	91	29	profit	profit	NOUN
ijtc-1031	91	30	shown	show	VERB
ijtc-1031	91	31	through	through	ADP
ijtc-1031	91	32	profitability	profitability	NOUN
ijtc-1031	91	33	has	have	VERB
ijtc-1031	91	34	a	a	DET
ijtc-1031	91	35	positive	positive	ADJ
ijtc-1031	91	36	and	and	CCONJ
ijtc-1031	91	37	significant	significant	ADJ
ijtc-1031	91	38	effect	effect	NOUN
ijtc-1031	91	39	on	on	ADP
ijtc-1031	91	40	the	the	DET
ijtc-1031	91	41	company	company	NOUN
ijtc-1031	91	42	's	's	PART
ijtc-1031	91	43	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-1031	91	44	the	the	DET
ijtc-1031	91	45	influence	influence	NOUN
ijtc-1031	91	46	of	of	ADP
ijtc-1031	91	47	tax	tax	NOUN
ijtc-1031	91	48	exclusion	exclusion	NOUN
ijtc-1031	91	49	policies	policy	NOUN
ijtc-1031	91	50	and	and	CCONJ
ijtc-1031	91	51	other	other	ADJ
ijtc-1031	91	52	factors	factor	NOUN
ijtc-1031	91	53	on	on	ADP
ijtc-1031	91	54	the	the	DET
ijtc-1031	91	55	value	value	NOUN
ijtc-1031	91	56	of	of	ADP
ijtc-1031	91	57	dividends	dividend	NOUN
ijtc-1031	91	58	paid	pay	VERB
ijtc-1031	91	59	by	by	ADP
ijtc-1031	91	60	public	public	ADJ
ijtc-1031	91	61	companies	company	NOUN
ijtc-1031	91	62	in	in	ADP
ijtc-1031	91	63	indonesia	indonesia	PROPN
ijtc-1031	91	64	rizal	rizal	PROPN
ijtc-1031	91	65	,	,	PUNCT
ijtc-1031	91	66	supriyadi	supriyadi	NOUN
ijtc-1031	91	67	,	,	PUNCT
ijtc-1031	91	68	and	and	CCONJ
ijtc-1031	91	69	fachrudin	fachrudin	VERB
ijtc-1031	91	70	149	149	NUM
ijtc-1031	91	71	|	|	ADV
ijtc-1031	91	72	ilomata	ilomata	PROPN
ijtc-1031	91	73	international	international	ADJ
ijtc-1031	91	74	journal	journal	NOUN
ijtc-1031	91	75	of	of	ADP
ijtc-1031	91	76	tax	tax	PROPN
ijtc-1031	91	77	&	&	CCONJ
ijtc-1031	91	78	accounting	account	VERB
ijtc-1031	91	79	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-1031	91	80	dividend	dividend	NOUN
ijtc-1031	91	81	policy	policy	NOUN
ijtc-1031	91	82	.	.	PUNCT
ijtc-1031	92	1	meidawati	meidawati	NOUN
ijtc-1031	92	2	et	et	PROPN
ijtc-1031	92	3	al	al	PROPN
ijtc-1031	92	4	.	.	PROPN
ijtc-1031	92	5	(	(	PUNCT
ijtc-1031	92	6	2020	2020	NUM
ijtc-1031	92	7	)	)	PUNCT
ijtc-1031	92	8	stated	state	VERB
ijtc-1031	92	9	that	that	SCONJ
ijtc-1031	92	10	the	the	PRON
ijtc-1031	92	11	higher	high	ADJ
ijtc-1031	92	12	a	a	DET
ijtc-1031	92	13	company	company	NOUN
ijtc-1031	92	14	's	's	PART
ijtc-1031	92	15	net	net	ADJ
ijtc-1031	92	16	profit	profit	NOUN
ijtc-1031	92	17	will	will	AUX
ijtc-1031	92	18	have	have	VERB
ijtc-1031	92	19	a	a	DET
ijtc-1031	92	20	positive	positive	ADJ
ijtc-1031	92	21	and	and	CCONJ
ijtc-1031	92	22	significant	significant	ADJ
ijtc-1031	92	23	effect	effect	NOUN
ijtc-1031	92	24	on	on	ADP
ijtc-1031	92	25	the	the	DET
ijtc-1031	92	26	dividends	dividend	NOUN
ijtc-1031	92	27	paid	pay	VERB
ijtc-1031	92	28	by	by	ADP
ijtc-1031	92	29	the	the	DET
ijtc-1031	92	30	company	company	NOUN
ijtc-1031	92	31	.	.	PUNCT
ijtc-1031	93	1	h2	h2	PROPN
ijtc-1031	93	2	:	:	PUNCT
ijtc-1031	93	3	net	net	ADJ
ijtc-1031	93	4	profit	profit	NOUN
ijtc-1031	93	5	has	have	VERB
ijtc-1031	93	6	a	a	DET
ijtc-1031	93	7	significant	significant	ADJ
ijtc-1031	93	8	and	and	CCONJ
ijtc-1031	93	9	positive	positive	ADJ
ijtc-1031	93	10	influence	influence	NOUN
ijtc-1031	93	11	on	on	ADP
ijtc-1031	93	12	the	the	DET
ijtc-1031	93	13	dividends	dividend	NOUN
ijtc-1031	93	14	paid	pay	VERB
ijtc-1031	93	15	by	by	ADP
ijtc-1031	93	16	the	the	DET
ijtc-1031	93	17	company	company	NOUN
ijtc-1031	93	18	.	.	PUNCT
ijtc-1031	94	1	effect	effect	NOUN
ijtc-1031	94	2	of	of	ADP
ijtc-1031	94	3	roa	roa	NOUN
ijtc-1031	94	4	on	on	ADP
ijtc-1031	94	5	dividends	dividend	NOUN
ijtc-1031	94	6	in	in	ADP
ijtc-1031	94	7	line	line	NOUN
ijtc-1031	94	8	with	with	ADP
ijtc-1031	94	9	the	the	DET
ijtc-1031	94	10	influence	influence	NOUN
ijtc-1031	94	11	of	of	ADP
ijtc-1031	94	12	net	net	ADJ
ijtc-1031	94	13	profit	profit	NOUN
ijtc-1031	94	14	on	on	ADP
ijtc-1031	94	15	dividends	dividend	NOUN
ijtc-1031	94	16	paid	pay	VERB
ijtc-1031	94	17	by	by	ADP
ijtc-1031	94	18	companies	company	NOUN
ijtc-1031	94	19	,	,	PUNCT
ijtc-1031	94	20	sejati	sejati	NOUN
ijtc-1031	94	21	et	et	PROPN
ijtc-1031	94	22	al	al	PROPN
ijtc-1031	94	23	.	.	PROPN
ijtc-1031	95	1	(	(	PUNCT
ijtc-1031	95	2	2020	2020	NUM
ijtc-1031	95	3	)	)	PUNCT
ijtc-1031	95	4	in	in	ADP
ijtc-1031	95	5	their	their	PRON
ijtc-1031	95	6	research	research	NOUN
ijtc-1031	95	7	also	also	ADV
ijtc-1031	95	8	found	find	VERB
ijtc-1031	95	9	that	that	SCONJ
ijtc-1031	95	10	dividend	dividend	NOUN
ijtc-1031	95	11	payments	payment	NOUN
ijtc-1031	95	12	are	be	AUX
ijtc-1031	95	13	greatly	greatly	ADV
ijtc-1031	95	14	influenced	influence	VERB
ijtc-1031	95	15	by	by	ADP
ijtc-1031	95	16	the	the	DET
ijtc-1031	95	17	company	company	NOUN
ijtc-1031	95	18	's	's	PART
ijtc-1031	95	19	roa	roa	NOUN
ijtc-1031	95	20	and	and	CCONJ
ijtc-1031	95	21	free	free	ADJ
ijtc-1031	95	22	cash	cash	NOUN
ijtc-1031	95	23	flow	flow	NOUN
ijtc-1031	95	24	.	.	PUNCT
ijtc-1031	96	1	true	true	ADJ
ijtc-1031	96	2	et	et	PROPN
ijtc-1031	96	3	al	al	PROPN
ijtc-1031	96	4	.	.	PROPN
ijtc-1031	97	1	(	(	PUNCT
ijtc-1031	97	2	2020	2020	NUM
ijtc-1031	97	3	)	)	PUNCT
ijtc-1031	97	4	explain	explain	VERB
ijtc-1031	97	5	that	that	SCONJ
ijtc-1031	97	6	roa	roa	PROPN
ijtc-1031	97	7	is	be	AUX
ijtc-1031	97	8	a	a	DET
ijtc-1031	97	9	variable	variable	NOUN
ijtc-1031	97	10	that	that	PRON
ijtc-1031	97	11	shows	show	VERB
ijtc-1031	97	12	a	a	DET
ijtc-1031	97	13	company	company	NOUN
ijtc-1031	97	14	's	's	PART
ijtc-1031	97	15	ability	ability	NOUN
ijtc-1031	97	16	to	to	PART
ijtc-1031	97	17	generate	generate	VERB
ijtc-1031	97	18	profits	profit	NOUN
ijtc-1031	97	19	so	so	ADV
ijtc-1031	97	20	when	when	SCONJ
ijtc-1031	97	21	roa	roa	PROPN
ijtc-1031	97	22	increases	increase	VERB
ijtc-1031	97	23	,	,	PUNCT
ijtc-1031	97	24	this	this	PRON
ijtc-1031	97	25	indirectly	indirectly	ADV
ijtc-1031	97	26	means	mean	VERB
ijtc-1031	97	27	it	it	PRON
ijtc-1031	97	28	will	will	AUX
ijtc-1031	97	29	increase	increase	VERB
ijtc-1031	97	30	the	the	DET
ijtc-1031	97	31	company	company	NOUN
ijtc-1031	97	32	's	's	PART
ijtc-1031	97	33	profits	profit	NOUN
ijtc-1031	97	34	and	and	CCONJ
ijtc-1031	97	35	dividends	dividend	NOUN
ijtc-1031	97	36	.	.	PUNCT
ijtc-1031	98	1	apart	apart	ADV
ijtc-1031	98	2	from	from	ADP
ijtc-1031	98	3	that	that	PRON
ijtc-1031	98	4	,	,	PUNCT
ijtc-1031	98	5	increasing	increase	VERB
ijtc-1031	98	6	roa	roa	NOUN
ijtc-1031	98	7	,	,	PUNCT
ijtc-1031	98	8	according	accord	VERB
ijtc-1031	98	9	to	to	ADP
ijtc-1031	98	10	signal	signal	PROPN
ijtc-1031	98	11	theory	theory	NOUN
ijtc-1031	98	12	,	,	PUNCT
ijtc-1031	98	13	can	can	AUX
ijtc-1031	98	14	also	also	ADV
ijtc-1031	98	15	be	be	AUX
ijtc-1031	98	16	a	a	DET
ijtc-1031	98	17	signal	signal	NOUN
ijtc-1031	98	18	that	that	SCONJ
ijtc-1031	98	19	there	there	PRON
ijtc-1031	98	20	will	will	AUX
ijtc-1031	98	21	be	be	AUX
ijtc-1031	98	22	an	an	DET
ijtc-1031	98	23	increase	increase	NOUN
ijtc-1031	98	24	in	in	ADP
ijtc-1031	98	25	dividends	dividend	NOUN
ijtc-1031	98	26	in	in	ADP
ijtc-1031	98	27	the	the	DET
ijtc-1031	98	28	current	current	ADJ
ijtc-1031	98	29	year	year	NOUN
ijtc-1031	98	30	.	.	PUNCT
ijtc-1031	99	1	ulfa	ulfa	PROPN
ijtc-1031	99	2	et	et	PROPN
ijtc-1031	99	3	al	al	PROPN
ijtc-1031	99	4	.	.	PROPN
ijtc-1031	99	5	(	(	PUNCT
ijtc-1031	99	6	2020	2020	NUM
ijtc-1031	99	7	)	)	PUNCT
ijtc-1031	99	8	also	also	ADV
ijtc-1031	99	9	found	find	VERB
ijtc-1031	99	10	that	that	SCONJ
ijtc-1031	99	11	profitability	profitability	NOUN
ijtc-1031	99	12	as	as	SCONJ
ijtc-1031	99	13	measured	measure	VERB
ijtc-1031	99	14	by	by	ADP
ijtc-1031	99	15	roa	roa	PROPN
ijtc-1031	99	16	has	have	VERB
ijtc-1031	99	17	a	a	DET
ijtc-1031	99	18	positive	positive	ADJ
ijtc-1031	99	19	and	and	CCONJ
ijtc-1031	99	20	significant	significant	ADJ
ijtc-1031	99	21	effect	effect	NOUN
ijtc-1031	99	22	on	on	ADP
ijtc-1031	99	23	the	the	DET
ijtc-1031	99	24	dividends	dividend	NOUN
ijtc-1031	99	25	paid	pay	VERB
ijtc-1031	99	26	by	by	ADP
ijtc-1031	99	27	the	the	DET
ijtc-1031	99	28	company	company	NOUN
ijtc-1031	99	29	.	.	PUNCT
ijtc-1031	100	1	cahyadi	cahyadi	PROPN
ijtc-1031	100	2	et	et	PROPN
ijtc-1031	100	3	al	al	PROPN
ijtc-1031	100	4	.	.	PROPN
ijtc-1031	101	1	(	(	PUNCT
ijtc-1031	101	2	2018	2018	NUM
ijtc-1031	101	3	)	)	PUNCT
ijtc-1031	101	4	and	and	CCONJ
ijtc-1031	101	5	safrida	safrida	PROPN
ijtc-1031	101	6	(	(	PUNCT
ijtc-1031	101	7	2014	2014	NUM
ijtc-1031	101	8	)	)	PUNCT
ijtc-1031	101	9	in	in	ADP
ijtc-1031	101	10	ulfa	ulfa	PROPN
ijtc-1031	101	11	et	et	PROPN
ijtc-1031	101	12	al	al	PROPN
ijtc-1031	101	13	.	.	PROPN
ijtc-1031	102	1	(	(	PUNCT
ijtc-1031	102	2	2020	2020	NUM
ijtc-1031	102	3	)	)	PUNCT
ijtc-1031	102	4	explained	explain	VERB
ijtc-1031	102	5	that	that	SCONJ
ijtc-1031	102	6	the	the	PRON
ijtc-1031	102	7	higher	high	ADJ
ijtc-1031	102	8	a	a	DET
ijtc-1031	102	9	company	company	NOUN
ijtc-1031	102	10	's	's	PART
ijtc-1031	102	11	roa	roa	NOUN
ijtc-1031	102	12	the	the	PRON
ijtc-1031	102	13	higher	high	ADJ
ijtc-1031	102	14	the	the	DET
ijtc-1031	102	15	company	company	NOUN
ijtc-1031	102	16	's	's	PART
ijtc-1031	102	17	internal	internal	ADJ
ijtc-1031	102	18	budget	budget	NOUN
ijtc-1031	102	19	so	so	SCONJ
ijtc-1031	102	20	that	that	SCONJ
ijtc-1031	102	21	it	it	PRON
ijtc-1031	102	22	can	can	AUX
ijtc-1031	102	23	finance	finance	VERB
ijtc-1031	102	24	the	the	DET
ijtc-1031	102	25	company	company	NOUN
ijtc-1031	102	26	's	's	PART
ijtc-1031	102	27	expenses	expense	NOUN
ijtc-1031	102	28	,	,	PUNCT
ijtc-1031	102	29	one	one	NUM
ijtc-1031	102	30	of	of	ADP
ijtc-1031	102	31	which	which	PRON
ijtc-1031	102	32	is	be	AUX
ijtc-1031	102	33	in	in	ADP
ijtc-1031	102	34	the	the	DET
ijtc-1031	102	35	form	form	NOUN
ijtc-1031	102	36	of	of	ADP
ijtc-1031	102	37	dividend	dividend	NOUN
ijtc-1031	102	38	payments	payment	NOUN
ijtc-1031	102	39	to	to	ADP
ijtc-1031	102	40	its	its	PRON
ijtc-1031	102	41	shareholders	shareholder	NOUN
ijtc-1031	102	42	.	.	PUNCT
ijtc-1031	103	1	h3	h3	NOUN
ijtc-1031	103	2	:	:	PUNCT
ijtc-1031	103	3	roa	roa	PROPN
ijtc-1031	103	4	has	have	VERB
ijtc-1031	103	5	a	a	DET
ijtc-1031	103	6	significant	significant	ADJ
ijtc-1031	103	7	and	and	CCONJ
ijtc-1031	103	8	positive	positive	ADJ
ijtc-1031	103	9	influence	influence	NOUN
ijtc-1031	103	10	on	on	ADP
ijtc-1031	103	11	the	the	DET
ijtc-1031	103	12	dividends	dividend	NOUN
ijtc-1031	103	13	paid	pay	VERB
ijtc-1031	103	14	by	by	ADP
ijtc-1031	103	15	the	the	DET
ijtc-1031	103	16	company	company	NOUN
ijtc-1031	103	17	.	.	PUNCT
ijtc-1031	104	1	effect	effect	NOUN
ijtc-1031	104	2	of	of	ADP
ijtc-1031	104	3	free	free	ADJ
ijtc-1031	104	4	cash	cash	NOUN
ijtc-1031	104	5	flow	flow	NOUN
ijtc-1031	104	6	on	on	ADP
ijtc-1031	104	7	dividends	dividend	NOUN
ijtc-1031	104	8	free	free	ADJ
ijtc-1031	104	9	cash	cash	NOUN
ijtc-1031	104	10	flow	flow	NOUN
ijtc-1031	104	11	according	accord	VERB
ijtc-1031	104	12	to	to	ADP
ijtc-1031	104	13	sejati	sejati	PROPN
ijtc-1031	104	14	et	et	PROPN
ijtc-1031	104	15	al	al	PROPN
ijtc-1031	104	16	.	.	PROPN
ijtc-1031	104	17	(	(	PUNCT
ijtc-1031	104	18	2020	2020	NUM
ijtc-1031	104	19	)	)	PUNCT
ijtc-1031	104	20	,	,	PUNCT
ijtc-1031	104	21	rachmah	rachmah	NOUN
ijtc-1031	104	22	(	(	PUNCT
ijtc-1031	104	23	2019	2019	NUM
ijtc-1031	104	24	)	)	PUNCT
ijtc-1031	104	25	,	,	PUNCT
ijtc-1031	104	26	and	and	CCONJ
ijtc-1031	104	27	masrifah	masrifah	NOUN
ijtc-1031	104	28	(	(	PUNCT
ijtc-1031	104	29	2015	2015	NUM
ijtc-1031	104	30	)	)	PUNCT
ijtc-1031	104	31	in	in	ADP
ijtc-1031	104	32	fiqh	fiqh	NOUN
ijtc-1031	104	33	(	(	PUNCT
ijtc-1031	104	34	2021	2021	NUM
ijtc-1031	104	35	)	)	PUNCT
ijtc-1031	104	36	have	have	VERB
ijtc-1031	104	37	a	a	DET
ijtc-1031	104	38	significant	significant	ADJ
ijtc-1031	104	39	and	and	CCONJ
ijtc-1031	104	40	positive	positive	ADJ
ijtc-1031	104	41	effect	effect	NOUN
ijtc-1031	104	42	on	on	ADP
ijtc-1031	104	43	company	company	NOUN
ijtc-1031	104	44	cash	cash	NOUN
ijtc-1031	104	45	dividends	dividend	NOUN
ijtc-1031	104	46	.	.	PUNCT
ijtc-1031	105	1	(	(	PUNCT
ijtc-1031	105	2	rachmah	rachmah	NOUN
ijtc-1031	105	3	,	,	PUNCT
ijtc-1031	105	4	2019	2019	NUM
ijtc-1031	105	5	)	)	PUNCT
ijtc-1031	105	6	explain	explain	VERB
ijtc-1031	105	7	that	that	SCONJ
ijtc-1031	105	8	the	the	DET
ijtc-1031	105	9	remaining	remain	VERB
ijtc-1031	105	10	cash	cash	NOUN
ijtc-1031	105	11	or	or	CCONJ
ijtc-1031	105	12	excess	excess	ADJ
ijtc-1031	105	13	cash	cash	NOUN
ijtc-1031	105	14	from	from	ADP
ijtc-1031	105	15	the	the	DET
ijtc-1031	105	16	company	company	NOUN
ijtc-1031	105	17	can	can	AUX
ijtc-1031	105	18	be	be	AUX
ijtc-1031	105	19	used	use	VERB
ijtc-1031	105	20	to	to	PART
ijtc-1031	105	21	meet	meet	VERB
ijtc-1031	105	22	company	company	NOUN
ijtc-1031	105	23	financing	financing	NOUN
ijtc-1031	105	24	,	,	PUNCT
ijtc-1031	105	25	one	one	NUM
ijtc-1031	105	26	of	of	ADP
ijtc-1031	105	27	which	which	PRON
ijtc-1031	105	28	is	be	AUX
ijtc-1031	105	29	paying	pay	VERB
ijtc-1031	105	30	dividends	dividend	NOUN
ijtc-1031	105	31	to	to	ADP
ijtc-1031	105	32	shareholders	shareholder	NOUN
ijtc-1031	105	33	.	.	PUNCT
ijtc-1031	106	1	jensen	jensen	PROPN
ijtc-1031	106	2	(	(	PUNCT
ijtc-1031	106	3	1986	1986	NUM
ijtc-1031	106	4	)	)	PUNCT
ijtc-1031	106	5	in	in	ADP
ijtc-1031	106	6	sejati	sejati	PROPN
ijtc-1031	106	7	et	et	PROPN
ijtc-1031	106	8	al	al	PROPN
ijtc-1031	106	9	.	.	PROPN
ijtc-1031	106	10	(	(	PUNCT
ijtc-1031	106	11	2020	2020	NUM
ijtc-1031	106	12	)	)	PUNCT
ijtc-1031	106	13	specifically	specifically	ADV
ijtc-1031	106	14	explain	explain	VERB
ijtc-1031	106	15	that	that	SCONJ
ijtc-1031	106	16	companies	company	NOUN
ijtc-1031	106	17	that	that	PRON
ijtc-1031	106	18	are	be	AUX
ijtc-1031	106	19	no	no	ADV
ijtc-1031	106	20	longer	long	ADV
ijtc-1031	106	21	expansive	expansive	ADJ
ijtc-1031	106	22	but	but	CCONJ
ijtc-1031	106	23	have	have	VERB
ijtc-1031	106	24	large	large	ADJ
ijtc-1031	106	25	cash	cash	NOUN
ijtc-1031	106	26	flows	flow	NOUN
ijtc-1031	106	27	will	will	AUX
ijtc-1031	106	28	pay	pay	VERB
ijtc-1031	106	29	or	or	CCONJ
ijtc-1031	106	30	distribute	distribute	VERB
ijtc-1031	106	31	high	high	ADJ
ijtc-1031	106	32	dividends	dividend	NOUN
ijtc-1031	106	33	to	to	ADP
ijtc-1031	106	34	shareholders	shareholder	NOUN
ijtc-1031	106	35	to	to	PART
ijtc-1031	106	36	prevent	prevent	VERB
ijtc-1031	106	37	company	company	NOUN
ijtc-1031	106	38	managers	manager	NOUN
ijtc-1031	106	39	from	from	ADP
ijtc-1031	106	40	using	use	VERB
ijtc-1031	106	41	company	company	NOUN
ijtc-1031	106	42	cash	cash	NOUN
ijtc-1031	106	43	to	to	PART
ijtc-1031	106	44	invest	invest	VERB
ijtc-1031	106	45	in	in	ADP
ijtc-1031	106	46	less	less	ADV
ijtc-1031	106	47	profitable	profitable	ADJ
ijtc-1031	106	48	projects	project	NOUN
ijtc-1031	106	49	.	.	PUNCT
ijtc-1031	107	1	therefore	therefore	ADV
ijtc-1031	107	2	,	,	PUNCT
ijtc-1031	107	3	the	the	DET
ijtc-1031	107	4	hypothesis	hypothesis	NOUN
ijtc-1031	107	5	developed	develop	VERB
ijtc-1031	107	6	is	be	AUX
ijtc-1031	107	7	that	that	SCONJ
ijtc-1031	107	8	free	free	ADJ
ijtc-1031	107	9	cash	cash	NOUN
ijtc-1031	107	10	flow	flow	NOUN
ijtc-1031	107	11	will	will	AUX
ijtc-1031	107	12	have	have	VERB
ijtc-1031	107	13	a	a	DET
ijtc-1031	107	14	significant	significant	ADJ
ijtc-1031	107	15	and	and	CCONJ
ijtc-1031	107	16	positive	positive	ADJ
ijtc-1031	107	17	effect	effect	NOUN
ijtc-1031	107	18	on	on	ADP
ijtc-1031	107	19	dividends	dividend	NOUN
ijtc-1031	107	20	paid	pay	VERB
ijtc-1031	107	21	by	by	ADP
ijtc-1031	107	22	the	the	DET
ijtc-1031	107	23	company	company	NOUN
ijtc-1031	107	24	.	.	PUNCT
ijtc-1031	108	1	h4	h4	PROPN
ijtc-1031	108	2	:	:	PUNCT
ijtc-1031	108	3	free	free	ADJ
ijtc-1031	108	4	cash	cash	NOUN
ijtc-1031	108	5	flow	flow	NOUN
ijtc-1031	108	6	has	have	VERB
ijtc-1031	108	7	a	a	DET
ijtc-1031	108	8	significant	significant	ADJ
ijtc-1031	108	9	and	and	CCONJ
ijtc-1031	108	10	positive	positive	ADJ
ijtc-1031	108	11	influence	influence	NOUN
ijtc-1031	108	12	on	on	ADP
ijtc-1031	108	13	the	the	DET
ijtc-1031	108	14	dividends	dividend	NOUN
ijtc-1031	108	15	paid	pay	VERB
ijtc-1031	108	16	by	by	ADP
ijtc-1031	108	17	the	the	DET
ijtc-1031	108	18	company	company	NOUN
ijtc-1031	108	19	.	.	PUNCT
ijtc-1031	109	1	effect	effect	NOUN
ijtc-1031	109	2	of	of	ADP
ijtc-1031	109	3	der	der	NOUN
ijtc-1031	109	4	on	on	ADP
ijtc-1031	109	5	dividends	dividend	NOUN
ijtc-1031	109	6	in	in	ADP
ijtc-1031	109	7	contrast	contrast	NOUN
ijtc-1031	109	8	to	to	ADP
ijtc-1031	109	9	net	net	ADJ
ijtc-1031	109	10	profit	profit	NOUN
ijtc-1031	109	11	,	,	PUNCT
ijtc-1031	109	12	roa	roa	NOUN
ijtc-1031	109	13	and	and	CCONJ
ijtc-1031	109	14	free	free	ADJ
ijtc-1031	109	15	cash	cash	NOUN
ijtc-1031	109	16	flow	flow	NOUN
ijtc-1031	109	17	which	which	PRON
ijtc-1031	109	18	are	be	AUX
ijtc-1031	109	19	considered	consider	VERB
ijtc-1031	109	20	to	to	PART
ijtc-1031	109	21	have	have	VERB
ijtc-1031	109	22	a	a	DET
ijtc-1031	109	23	positive	positive	ADJ
ijtc-1031	109	24	influence	influence	NOUN
ijtc-1031	109	25	,	,	PUNCT
ijtc-1031	109	26	der	der	NOUN
ijtc-1031	109	27	is	be	AUX
ijtc-1031	109	28	mentioned	mention	VERB
ijtc-1031	109	29	in	in	ADP
ijtc-1031	109	30	the	the	DET
ijtc-1031	109	31	research	research	NOUN
ijtc-1031	109	32	of	of	ADP
ijtc-1031	109	33	widjanarko	widjanarko	PROPN
ijtc-1031	109	34	et	et	PROPN
ijtc-1031	109	35	al	al	PROPN
ijtc-1031	109	36	.	.	PROPN
ijtc-1031	110	1	(	(	PUNCT
ijtc-1031	110	2	2021	2021	NUM
ijtc-1031	110	3	)	)	PUNCT
ijtc-1031	111	1	,	,	PUNCT
ijtc-1031	111	2	sejati	sejati	VERB
ijtc-1031	111	3	et	et	PROPN
ijtc-1031	111	4	al	al	PROPN
ijtc-1031	111	5	.	.	PROPN
ijtc-1031	112	1	(	(	PUNCT
ijtc-1031	112	2	2020	2020	NUM
ijtc-1031	112	3	)	)	PUNCT
ijtc-1031	112	4	and	and	CCONJ
ijtc-1031	112	5	hanif	hanif	PROPN
ijtc-1031	112	6	and	and	CCONJ
ijtc-1031	112	7	bustaman	bustaman	PROPN
ijtc-1031	112	8	,	,	PUNCT
ijtc-1031	112	9	(	(	PUNCT
ijtc-1031	112	10	2017	2017	NUM
ijtc-1031	112	11	)	)	PUNCT
ijtc-1031	112	12	have	have	VERB
ijtc-1031	112	13	a	a	DET
ijtc-1031	112	14	negative	negative	ADJ
ijtc-1031	112	15	effect	effect	NOUN
ijtc-1031	112	16	on	on	ADP
ijtc-1031	112	17	the	the	DET
ijtc-1031	112	18	dividends	dividend	NOUN
ijtc-1031	112	19	paid	pay	VERB
ijtc-1031	112	20	by	by	ADP
ijtc-1031	112	21	the	the	DET
ijtc-1031	112	22	company	company	NOUN
ijtc-1031	112	23	.	.	PUNCT
ijtc-1031	113	1	widjanarko	widjanarko	PROPN
ijtc-1031	113	2	et	et	PROPN
ijtc-1031	113	3	al	al	PROPN
ijtc-1031	113	4	.	.	PROPN
ijtc-1031	114	1	(	(	PUNCT
ijtc-1031	114	2	2021	2021	NUM
ijtc-1031	114	3	)	)	PUNCT
ijtc-1031	114	4	explains	explain	VERB
ijtc-1031	114	5	that	that	SCONJ
ijtc-1031	114	6	the	the	PRON
ijtc-1031	114	7	higher	high	ADJ
ijtc-1031	114	8	the	the	DET
ijtc-1031	114	9	der	der	NOUN
ijtc-1031	114	10	or	or	CCONJ
ijtc-1031	114	11	debt	debt	NOUN
ijtc-1031	114	12	,	,	PUNCT
ijtc-1031	114	13	the	the	PRON
ijtc-1031	114	14	greater	great	ADJ
ijtc-1031	114	15	the	the	DET
ijtc-1031	114	16	responsibility	responsibility	NOUN
ijtc-1031	114	17	(	(	PUNCT
ijtc-1031	114	18	debt	debt	NOUN
ijtc-1031	114	19	)	)	PUNCT
ijtc-1031	114	20	and	and	CCONJ
ijtc-1031	114	21	burden	burden	NOUN
ijtc-1031	114	22	(	(	PUNCT
ijtc-1031	114	23	debt	debt	NOUN
ijtc-1031	114	24	interest	interest	NOUN
ijtc-1031	114	25	)	)	PUNCT
ijtc-1031	114	26	that	that	PRON
ijtc-1031	114	27	must	must	AUX
ijtc-1031	114	28	be	be	AUX
ijtc-1031	114	29	paid	pay	VERB
ijtc-1031	114	30	,	,	PUNCT
ijtc-1031	114	31	which	which	PRON
ijtc-1031	114	32	will	will	AUX
ijtc-1031	114	33	reduce	reduce	VERB
ijtc-1031	114	34	the	the	DET
ijtc-1031	114	35	cash	cash	NOUN
ijtc-1031	114	36	available	available	ADJ
ijtc-1031	114	37	to	to	PART
ijtc-1031	114	38	be	be	AUX
ijtc-1031	114	39	paid	pay	VERB
ijtc-1031	114	40	as	as	ADP
ijtc-1031	114	41	dividends	dividend	NOUN
ijtc-1031	114	42	.	.	PUNCT
ijtc-1031	115	1	therefore	therefore	ADV
ijtc-1031	115	2	,	,	PUNCT
ijtc-1031	115	3	the	the	DET
ijtc-1031	115	4	hypothesis	hypothesis	NOUN
ijtc-1031	115	5	developed	develop	VERB
ijtc-1031	115	6	is	be	AUX
ijtc-1031	115	7	that	that	SCONJ
ijtc-1031	115	8	the	the	DET
ijtc-1031	115	9	der	der	ADJ
ijtc-1031	115	10	value	value	NOUN
ijtc-1031	115	11	will	will	AUX
ijtc-1031	115	12	have	have	VERB
ijtc-1031	115	13	a	a	DET
ijtc-1031	115	14	significant	significant	ADJ
ijtc-1031	115	15	and	and	CCONJ
ijtc-1031	115	16	negative	negative	ADJ
ijtc-1031	115	17	effect	effect	NOUN
ijtc-1031	115	18	on	on	ADP
ijtc-1031	115	19	the	the	DET
ijtc-1031	115	20	dividends	dividend	NOUN
ijtc-1031	115	21	paid	pay	VERB
ijtc-1031	115	22	by	by	ADP
ijtc-1031	115	23	the	the	DET
ijtc-1031	115	24	company	company	NOUN
ijtc-1031	115	25	.	.	PUNCT
ijtc-1031	116	1	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-1031	116	2	the	the	DET
ijtc-1031	116	3	influence	influence	NOUN
ijtc-1031	116	4	of	of	ADP
ijtc-1031	116	5	tax	tax	NOUN
ijtc-1031	116	6	exclusion	exclusion	NOUN
ijtc-1031	116	7	policies	policy	NOUN
ijtc-1031	116	8	and	and	CCONJ
ijtc-1031	116	9	other	other	ADJ
ijtc-1031	116	10	factors	factor	NOUN
ijtc-1031	116	11	on	on	ADP
ijtc-1031	116	12	the	the	DET
ijtc-1031	116	13	value	value	NOUN
ijtc-1031	116	14	of	of	ADP
ijtc-1031	116	15	dividends	dividend	NOUN
ijtc-1031	116	16	paid	pay	VERB
ijtc-1031	116	17	by	by	ADP
ijtc-1031	116	18	public	public	ADJ
ijtc-1031	116	19	companies	company	NOUN
ijtc-1031	116	20	in	in	ADP
ijtc-1031	116	21	indonesia	indonesia	PROPN
ijtc-1031	116	22	rizal	rizal	PROPN
ijtc-1031	116	23	,	,	PUNCT
ijtc-1031	116	24	supriyadi	supriyadi	NOUN
ijtc-1031	116	25	,	,	PUNCT
ijtc-1031	116	26	and	and	CCONJ
ijtc-1031	116	27	fachrudin	fachrudin	VERB
ijtc-1031	116	28	150	150	NUM
ijtc-1031	116	29	|	|	ADV
ijtc-1031	116	30	ilomata	ilomata	PROPN
ijtc-1031	116	31	international	international	ADJ
ijtc-1031	116	32	journal	journal	NOUN
ijtc-1031	116	33	of	of	ADP
ijtc-1031	116	34	tax	tax	PROPN
ijtc-1031	116	35	&	&	CCONJ
ijtc-1031	116	36	accounting	account	VERB
ijtc-1031	116	37	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-1031	116	38	h5	h5	PROPN
ijtc-1031	116	39	:	:	PUNCT
ijtc-1031	116	40	der	der	NOUN
ijtc-1031	116	41	has	have	VERB
ijtc-1031	116	42	a	a	DET
ijtc-1031	116	43	significant	significant	ADJ
ijtc-1031	116	44	and	and	CCONJ
ijtc-1031	116	45	negative	negative	ADJ
ijtc-1031	116	46	influence	influence	NOUN
ijtc-1031	116	47	on	on	ADP
ijtc-1031	116	48	the	the	DET
ijtc-1031	116	49	dividends	dividend	NOUN
ijtc-1031	116	50	paid	pay	VERB
ijtc-1031	116	51	by	by	ADP
ijtc-1031	116	52	the	the	DET
ijtc-1031	116	53	company	company	NOUN
ijtc-1031	116	54	.	.	PUNCT
ijtc-1031	117	1	method	method	NOUN
ijtc-1031	117	2	this	this	PRON
ijtc-1031	117	3	is	be	AUX
ijtc-1031	117	4	a	a	DET
ijtc-1031	117	5	quantitative	quantitative	ADJ
ijtc-1031	117	6	research	research	NOUN
ijtc-1031	117	7	with	with	ADP
ijtc-1031	117	8	data	datum	NOUN
ijtc-1031	117	9	in	in	ADP
ijtc-1031	117	10	the	the	DET
ijtc-1031	117	11	form	form	NOUN
ijtc-1031	117	12	of	of	ADP
ijtc-1031	117	13	numbers	number	NOUN
ijtc-1031	117	14	.	.	PUNCT
ijtc-1031	118	1	the	the	DET
ijtc-1031	118	2	data	datum	NOUN
ijtc-1031	118	3	used	use	VERB
ijtc-1031	118	4	is	be	AUX
ijtc-1031	118	5	secondary	secondary	ADJ
ijtc-1031	118	6	data	datum	NOUN
ijtc-1031	118	7	originating	originate	VERB
ijtc-1031	118	8	from	from	ADP
ijtc-1031	118	9	the	the	DET
ijtc-1031	118	10	company	company	NOUN
ijtc-1031	118	11	's	's	PART
ijtc-1031	118	12	financial	financial	ADJ
ijtc-1031	118	13	reports	report	NOUN
ijtc-1031	118	14	.	.	PUNCT
ijtc-1031	119	1	the	the	DET
ijtc-1031	119	2	research	research	NOUN
ijtc-1031	119	3	period	period	NOUN
ijtc-1031	119	4	is	be	AUX
ijtc-1031	119	5	from	from	ADP
ijtc-1031	119	6	2017	2017	NUM
ijtc-1031	119	7	to	to	ADP
ijtc-1031	119	8	2017	2017	NUM
ijtc-1031	119	9	.	.	PUNCT
ijtc-1031	120	1	2022	2022	NUM
ijtc-1031	120	2	and	and	CCONJ
ijtc-1031	120	3	2021	2021	NUM
ijtc-1031	120	4	were	be	AUX
ijtc-1031	120	5	chosen	choose	VERB
ijtc-1031	120	6	as	as	ADP
ijtc-1031	120	7	the	the	DET
ijtc-1031	120	8	period	period	NOUN
ijtc-1031	120	9	when	when	SCONJ
ijtc-1031	120	10	the	the	DET
ijtc-1031	120	11	dividend	dividend	NOUN
ijtc-1031	120	12	exclusion	exclusion	NOUN
ijtc-1031	120	13	policy	policy	NOUN
ijtc-1031	120	14	as	as	ADP
ijtc-1031	120	15	a	a	DET
ijtc-1031	120	16	tax	tax	NOUN
ijtc-1031	120	17	object	object	NOUN
ijtc-1031	120	18	came	come	VERB
ijtc-1031	120	19	into	into	ADP
ijtc-1031	120	20	effect	effect	NOUN
ijtc-1031	120	21	,	,	PUNCT
ijtc-1031	120	22	so	so	SCONJ
ijtc-1031	120	23	that	that	SCONJ
ijtc-1031	120	24	before	before	SCONJ
ijtc-1031	120	25	2021	2021	NUM
ijtc-1031	120	26	dividends	dividend	NOUN
ijtc-1031	120	27	had	have	AUX
ijtc-1031	120	28	not	not	PART
ijtc-1031	120	29	been	be	AUX
ijtc-1031	120	30	excluded	exclude	VERB
ijtc-1031	120	31	as	as	ADP
ijtc-1031	120	32	a	a	DET
ijtc-1031	120	33	tax	tax	NOUN
ijtc-1031	120	34	object	object	NOUN
ijtc-1031	120	35	,	,	PUNCT
ijtc-1031	120	36	whereas	whereas	SCONJ
ijtc-1031	120	37	since	since	SCONJ
ijtc-1031	120	38	2021	2021	NUM
ijtc-1031	120	39	and	and	CCONJ
ijtc-1031	120	40	2022	2022	NUM
ijtc-1031	120	41	the	the	DET
ijtc-1031	120	42	dividend	dividend	NOUN
ijtc-1031	120	43	exclusion	exclusion	NOUN
ijtc-1031	120	44	policy	policy	NOUN
ijtc-1031	120	45	as	as	ADP
ijtc-1031	120	46	a	a	DET
ijtc-1031	120	47	tax	tax	NOUN
ijtc-1031	120	48	object	object	NOUN
ijtc-1031	120	49	has	have	AUX
ijtc-1031	120	50	been	be	AUX
ijtc-1031	120	51	implemented	implement	VERB
ijtc-1031	120	52	.	.	PUNCT
ijtc-1031	121	1	the	the	DET
ijtc-1031	121	2	research	research	NOUN
ijtc-1031	121	3	population	population	NOUN
ijtc-1031	121	4	consists	consist	VERB
ijtc-1031	121	5	of	of	ADP
ijtc-1031	121	6	public	public	ADJ
ijtc-1031	121	7	companies	company	NOUN
ijtc-1031	121	8	listed	list	VERB
ijtc-1031	121	9	on	on	ADP
ijtc-1031	121	10	the	the	DET
ijtc-1031	121	11	indonesia	indonesia	PROPN
ijtc-1031	121	12	stock	stock	PROPN
ijtc-1031	121	13	exchange	exchange	PROPN
ijtc-1031	121	14	(	(	PUNCT
ijtc-1031	121	15	bei	bei	PROPN
ijtc-1031	121	16	)	)	PUNCT
ijtc-1031	121	17	.	.	PUNCT
ijtc-1031	122	1	sample	sample	NOUN
ijtc-1031	122	2	selection	selection	NOUN
ijtc-1031	122	3	was	be	AUX
ijtc-1031	122	4	carried	carry	VERB
ijtc-1031	122	5	out	out	ADP
ijtc-1031	122	6	using	use	VERB
ijtc-1031	122	7	a	a	DET
ijtc-1031	122	8	purposive	purposive	ADJ
ijtc-1031	122	9	sampling	sampling	NOUN
ijtc-1031	122	10	method	method	NOUN
ijtc-1031	122	11	,	,	PUNCT
ijtc-1031	122	12	selecting	select	VERB
ijtc-1031	122	13	30	30	NUM
ijtc-1031	122	14	stocks	stock	NOUN
ijtc-1031	122	15	with	with	ADP
ijtc-1031	122	16	the	the	DET
ijtc-1031	122	17	largest	large	ADJ
ijtc-1031	122	18	capitalization	capitalization	NOUN
ijtc-1031	122	19	listed	list	VERB
ijtc-1031	122	20	on	on	ADP
ijtc-1031	122	21	the	the	DET
ijtc-1031	122	22	idx	idx	NOUN
ijtc-1031	122	23	as	as	ADP
ijtc-1031	122	24	of	of	ADP
ijtc-1031	122	25	january	january	PROPN
ijtc-1031	122	26	25	25	NUM
ijtc-1031	122	27	,	,	PUNCT
ijtc-1031	122	28	2023	2023	NUM
ijtc-1031	122	29	.	.	PUNCT
ijtc-1031	123	1	the	the	DET
ijtc-1031	123	2	data	datum	NOUN
ijtc-1031	123	3	obtained	obtain	VERB
ijtc-1031	123	4	was	be	AUX
ijtc-1031	123	5	analyzed	analyze	VERB
ijtc-1031	123	6	using	use	VERB
ijtc-1031	123	7	multiple	multiple	ADJ
ijtc-1031	123	8	linear	linear	ADJ
ijtc-1031	123	9	regression	regression	NOUN
ijtc-1031	123	10	analysis	analysis	NOUN
ijtc-1031	123	11	of	of	ADP
ijtc-1031	123	12	panel	panel	NOUN
ijtc-1031	123	13	data	datum	NOUN
ijtc-1031	123	14	with	with	ADP
ijtc-1031	123	15	the	the	DET
ijtc-1031	123	16	stata	stata	PROPN
ijtc-1031	123	17	version	version	NOUN
ijtc-1031	123	18	16	16	NUM
ijtc-1031	123	19	application	application	NOUN
ijtc-1031	123	20	.	.	PUNCT
ijtc-1031	124	1	research	research	NOUN
ijtc-1031	124	2	population	population	NOUN
ijtc-1031	124	3	and	and	CCONJ
ijtc-1031	124	4	sample	sample	VERB
ijtc-1031	124	5	the	the	DET
ijtc-1031	124	6	research	research	NOUN
ijtc-1031	124	7	population	population	NOUN
ijtc-1031	124	8	is	be	AUX
ijtc-1031	124	9	public	public	ADJ
ijtc-1031	124	10	companies	company	NOUN
ijtc-1031	124	11	listed	list	VERB
ijtc-1031	124	12	on	on	ADP
ijtc-1031	124	13	the	the	DET
ijtc-1031	124	14	idx	idx	NOUN
ijtc-1031	124	15	and	and	CCONJ
ijtc-1031	124	16	whose	whose	DET
ijtc-1031	124	17	financial	financial	ADJ
ijtc-1031	124	18	performance	performance	NOUN
ijtc-1031	124	19	data	datum	NOUN
ijtc-1031	124	20	can	can	AUX
ijtc-1031	124	21	be	be	AUX
ijtc-1031	124	22	accessed	access	VERB
ijtc-1031	124	23	from	from	ADP
ijtc-1031	124	24	2017	2017	NUM
ijtc-1031	124	25	to	to	ADP
ijtc-1031	124	26	2017	2017	NUM
ijtc-1031	124	27	.	.	PUNCT
ijtc-1031	125	1	2022	2022	NUM
ijtc-1031	125	2	.	.	PUNCT
ijtc-1031	126	1	the	the	DET
ijtc-1031	126	2	sample	sample	NOUN
ijtc-1031	126	3	was	be	AUX
ijtc-1031	126	4	selected	select	VERB
ijtc-1031	126	5	using	use	VERB
ijtc-1031	126	6	a	a	DET
ijtc-1031	126	7	purposive	purposive	ADJ
ijtc-1031	126	8	sampling	sampling	NOUN
ijtc-1031	126	9	method	method	NOUN
ijtc-1031	126	10	with	with	ADP
ijtc-1031	126	11	the	the	DET
ijtc-1031	126	12	results	result	NOUN
ijtc-1031	126	13	of	of	ADP
ijtc-1031	126	14	selecting	select	VERB
ijtc-1031	126	15	30	30	NUM
ijtc-1031	126	16	companies	company	NOUN
ijtc-1031	126	17	with	with	ADP
ijtc-1031	126	18	the	the	DET
ijtc-1031	126	19	largest	large	ADJ
ijtc-1031	126	20	capitalization	capitalization	NOUN
ijtc-1031	126	21	on	on	ADP
ijtc-1031	126	22	the	the	DET
ijtc-1031	126	23	bei	bei	NOUN
ijtc-1031	126	24	as	as	ADP
ijtc-1031	126	25	of	of	ADP
ijtc-1031	126	26	january	january	PROPN
ijtc-1031	126	27	25	25	NUM
ijtc-1031	126	28	2023	2023	NUM
ijtc-1031	126	29	.	.	PUNCT
ijtc-1031	127	1	these	these	DET
ijtc-1031	127	2	30	30	NUM
ijtc-1031	127	3	companies	company	NOUN
ijtc-1031	127	4	were	be	AUX
ijtc-1031	127	5	chosen	choose	VERB
ijtc-1031	127	6	because	because	SCONJ
ijtc-1031	127	7	these	these	DET
ijtc-1031	127	8	companies	company	NOUN
ijtc-1031	127	9	can	can	AUX
ijtc-1031	127	10	be	be	AUX
ijtc-1031	127	11	considered	consider	VERB
ijtc-1031	127	12	to	to	PART
ijtc-1031	127	13	represent	represent	VERB
ijtc-1031	127	14	more	more	ADJ
ijtc-1031	127	15	than	than	ADP
ijtc-1031	127	16	700	700	NUM
ijtc-1031	127	17	companies	company	NOUN
ijtc-1031	127	18	listed	list	VERB
ijtc-1031	127	19	on	on	ADP
ijtc-1031	127	20	the	the	DET
ijtc-1031	127	21	bei	bei	NOUN
ijtc-1031	127	22	.	.	PUNCT
ijtc-1031	128	1	this	this	PRON
ijtc-1031	128	2	is	be	AUX
ijtc-1031	128	3	because	because	SCONJ
ijtc-1031	128	4	the	the	DET
ijtc-1031	128	5	selected	select	VERB
ijtc-1031	128	6	sample	sample	NOUN
ijtc-1031	128	7	represents	represent	VERB
ijtc-1031	128	8	up	up	ADP
ijtc-1031	128	9	to	to	PART
ijtc-1031	128	10	61	61	NUM
ijtc-1031	128	11	%	%	NOUN
ijtc-1031	128	12	of	of	ADP
ijtc-1031	128	13	the	the	DET
ijtc-1031	128	14	capitalization	capitalization	NOUN
ijtc-1031	128	15	of	of	ADP
ijtc-1031	128	16	all	all	DET
ijtc-1031	128	17	companies	company	NOUN
ijtc-1031	128	18	listed	list	VERB
ijtc-1031	128	19	on	on	ADP
ijtc-1031	128	20	the	the	DET
ijtc-1031	128	21	idx	idx	NOUN
ijtc-1031	128	22	so	so	ADV
ijtc-1031	128	23	these	these	DET
ijtc-1031	128	24	thirty	thirty	NUM
ijtc-1031	128	25	shares	share	NOUN
ijtc-1031	128	26	tend	tend	VERB
ijtc-1031	128	27	to	to	PART
ijtc-1031	128	28	be	be	AUX
ijtc-1031	128	29	more	more	ADV
ijtc-1031	128	30	capable	capable	ADJ
ijtc-1031	128	31	of	of	ADP
ijtc-1031	128	32	moving	move	VERB
ijtc-1031	128	33	the	the	DET
ijtc-1031	128	34	indonesian	indonesian	ADJ
ijtc-1031	128	35	stock	stock	NOUN
ijtc-1031	128	36	price	price	NOUN
ijtc-1031	128	37	index	index	NOUN
ijtc-1031	128	38	(	(	PUNCT
ijtc-1031	128	39	juwita	juwita	PROPN
ijtc-1031	128	40	&	&	CCONJ
ijtc-1031	128	41	angela	angela	PROPN
ijtc-1031	128	42	,	,	PUNCT
ijtc-1031	128	43	2016	2016	NUM
ijtc-1031	128	44	)	)	PUNCT
ijtc-1031	128	45	.	.	PUNCT
ijtc-1031	129	1	the	the	DET
ijtc-1031	129	2	method	method	NOUN
ijtc-1031	129	3	should	should	AUX
ijtc-1031	129	4	be	be	AUX
ijtc-1031	129	5	well	well	ADV
ijtc-1031	129	6	elaborated	elaborate	VERB
ijtc-1031	129	7	enhancing	enhance	VERB
ijtc-1031	129	8	the	the	DET
ijtc-1031	129	9	model	model	NOUN
ijtc-1031	129	10	,	,	PUNCT
ijtc-1031	129	11	the	the	DET
ijtc-1031	129	12	analysis	analysis	NOUN
ijtc-1031	129	13	approach	approach	NOUN
ijtc-1031	129	14	and	and	CCONJ
ijtc-1031	129	15	the	the	DET
ijtc-1031	129	16	steps	step	NOUN
ijtc-1031	129	17	taken	take	VERB
ijtc-1031	129	18	.	.	PUNCT
ijtc-1031	130	1	equations	equation	NOUN
ijtc-1031	130	2	should	should	AUX
ijtc-1031	130	3	be	be	AUX
ijtc-1031	130	4	numbered	number	VERB
ijtc-1031	130	5	as	as	SCONJ
ijtc-1031	130	6	we	we	PRON
ijtc-1031	130	7	illustrate	illustrate	VERB
ijtc-1031	130	8	.	.	PUNCT
ijtc-1031	131	1	variable	variable	ADJ
ijtc-1031	131	2	measurement	measurement	NOUN
ijtc-1031	131	3	the	the	DET
ijtc-1031	131	4	dependent	dependent	ADJ
ijtc-1031	131	5	variable	variable	NOUN
ijtc-1031	131	6	in	in	ADP
ijtc-1031	131	7	this	this	DET
ijtc-1031	131	8	research	research	NOUN
ijtc-1031	131	9	is	be	AUX
ijtc-1031	131	10	the	the	DET
ijtc-1031	131	11	dividend	dividend	NOUN
ijtc-1031	131	12	paid	pay	VERB
ijtc-1031	131	13	by	by	ADP
ijtc-1031	131	14	the	the	DET
ijtc-1031	131	15	company	company	NOUN
ijtc-1031	131	16	in	in	ADP
ijtc-1031	131	17	a	a	DET
ijtc-1031	131	18	year	year	NOUN
ijtc-1031	131	19	.	.	PUNCT
ijtc-1031	132	1	meanwhile	meanwhile	ADV
ijtc-1031	132	2	,	,	PUNCT
ijtc-1031	132	3	the	the	DET
ijtc-1031	132	4	independent	independent	ADJ
ijtc-1031	132	5	variables	variable	NOUN
ijtc-1031	132	6	used	use	VERB
ijtc-1031	132	7	in	in	ADP
ijtc-1031	132	8	this	this	DET
ijtc-1031	132	9	research	research	NOUN
ijtc-1031	132	10	consist	consist	NOUN
ijtc-1031	132	11	of	of	ADP
ijtc-1031	132	12	the	the	DET
ijtc-1031	132	13	dividend	dividend	NOUN
ijtc-1031	132	14	exclusion	exclusion	NOUN
ijtc-1031	132	15	policy	policy	NOUN
ijtc-1031	132	16	as	as	ADP
ijtc-1031	132	17	an	an	DET
ijtc-1031	132	18	income	income	NOUN
ijtc-1031	132	19	tax	tax	NOUN
ijtc-1031	132	20	object	object	NOUN
ijtc-1031	132	21	(	(	PUNCT
ijtc-1031	132	22	dummy	dummy	ADJ
ijtc-1031	132	23	variable	variable	NOUN
ijtc-1031	132	24	)	)	PUNCT
ijtc-1031	132	25	,	,	PUNCT
ijtc-1031	132	26	net	net	ADJ
ijtc-1031	132	27	profit	profit	NOUN
ijtc-1031	132	28	for	for	ADP
ijtc-1031	132	29	the	the	DET
ijtc-1031	132	30	current	current	ADJ
ijtc-1031	132	31	year	year	NOUN
ijtc-1031	132	32	,	,	PUNCT
ijtc-1031	132	33	roa	roa	PROPN
ijtc-1031	132	34	,	,	PUNCT
ijtc-1031	132	35	free	free	ADJ
ijtc-1031	132	36	cash	cash	NOUN
ijtc-1031	132	37	flow	flow	NOUN
ijtc-1031	132	38	,	,	PUNCT
ijtc-1031	132	39	and	and	CCONJ
ijtc-1031	132	40	der	der	NOUN
ijtc-1031	132	41	.	.	PUNCT
ijtc-1031	133	1	following	follow	VERB
ijtc-1031	133	2	are	be	AUX
ijtc-1031	133	3	the	the	DET
ijtc-1031	133	4	units	unit	NOUN
ijtc-1031	133	5	and	and	CCONJ
ijtc-1031	133	6	measurements	measurement	NOUN
ijtc-1031	133	7	for	for	ADP
ijtc-1031	133	8	each	each	DET
ijtc-1031	133	9	variable	variable	NOUN
ijtc-1031	133	10	.	.	PUNCT
ijtc-1031	134	1	variable	variable	ADJ
ijtc-1031	134	2	indicator	indicator	NOUN
ijtc-1031	134	3	dividend	dividend	NOUN
ijtc-1031	134	4	payment	payment	NOUN
ijtc-1031	134	5	(	(	PUNCT
ijtc-1031	134	6	y	y	NOUN
ijtc-1031	134	7	)	)	PUNCT
ijtc-1031	134	8	dividend	dividend	NOUN
ijtc-1031	134	9	=	=	SYM
ijtc-1031	134	10	total	total	ADJ
ijtc-1031	134	11	dividend	dividend	NOUN
ijtc-1031	134	12	paid	pay	VERB
ijtc-1031	134	13	in	in	ADP
ijtc-1031	134	14	billions	billion	NOUN
ijtc-1031	134	15	of	of	ADP
ijtc-1031	134	16	rupiah	rupiah	NOUN
ijtc-1031	134	17	dividend	dividend	NOUN
ijtc-1031	134	18	exclusion	exclusion	NOUN
ijtc-1031	134	19	policy	policy	NOUN
ijtc-1031	134	20	(	(	PUNCT
ijtc-1031	134	21	x1	x1	ADJ
ijtc-1031	134	22	)	)	PUNCT
ijtc-1031	134	23	dep	dep	NOUN
ijtc-1031	134	24	=	=	SYM
ijtc-1031	134	25	dummy	dummy	ADJ
ijtc-1031	134	26	variable	variable	NOUN
ijtc-1031	134	27	,	,	PUNCT
ijtc-1031	134	28	0	0	NUM
ijtc-1031	134	29	for	for	ADP
ijtc-1031	134	30	the	the	DET
ijtc-1031	134	31	period	period	NOUN
ijtc-1031	134	32	before	before	SCONJ
ijtc-1031	134	33	the	the	DET
ijtc-1031	134	34	policy	policy	NOUN
ijtc-1031	134	35	comes	come	VERB
ijtc-1031	134	36	into	into	ADP
ijtc-1031	134	37	effect	effect	NOUN
ijtc-1031	134	38	and	and	CCONJ
ijtc-1031	134	39	1	1	NUM
ijtc-1031	134	40	for	for	ADP
ijtc-1031	134	41	the	the	DET
ijtc-1031	134	42	period	period	NOUN
ijtc-1031	134	43	after	after	SCONJ
ijtc-1031	134	44	the	the	DET
ijtc-1031	134	45	policy	policy	NOUN
ijtc-1031	134	46	comes	come	VERB
ijtc-1031	134	47	into	into	ADP
ijtc-1031	134	48	effect	effect	NOUN
ijtc-1031	135	1	net	net	ADJ
ijtc-1031	135	2	income	income	NOUN
ijtc-1031	135	3	(	(	PUNCT
ijtc-1031	135	4	x2	x2	PROPN
ijtc-1031	135	5	)	)	PUNCT
ijtc-1031	135	6	ni	ni	NOUN
ijtc-1031	136	1	=	=	NOUN
ijtc-1031	137	1	amount	amount	NOUN
ijtc-1031	137	2	of	of	ADP
ijtc-1031	137	3	net	net	ADJ
ijtc-1031	137	4	profit	profit	NOUN
ijtc-1031	137	5	generated	generate	VERB
ijtc-1031	137	6	by	by	ADP
ijtc-1031	137	7	the	the	DET
ijtc-1031	137	8	company	company	NOUN
ijtc-1031	137	9	in	in	ADP
ijtc-1031	137	10	billions	billion	NOUN
ijtc-1031	137	11	of	of	ADP
ijtc-1031	137	12	rupiah	rupiah	NOUN
ijtc-1031	137	13	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-1031	137	14	the	the	DET
ijtc-1031	137	15	influence	influence	NOUN
ijtc-1031	137	16	of	of	ADP
ijtc-1031	137	17	tax	tax	NOUN
ijtc-1031	137	18	exclusion	exclusion	NOUN
ijtc-1031	137	19	policies	policy	NOUN
ijtc-1031	137	20	and	and	CCONJ
ijtc-1031	137	21	other	other	ADJ
ijtc-1031	137	22	factors	factor	NOUN
ijtc-1031	137	23	on	on	ADP
ijtc-1031	137	24	the	the	DET
ijtc-1031	137	25	value	value	NOUN
ijtc-1031	137	26	of	of	ADP
ijtc-1031	137	27	dividends	dividend	NOUN
ijtc-1031	137	28	paid	pay	VERB
ijtc-1031	137	29	by	by	ADP
ijtc-1031	137	30	public	public	ADJ
ijtc-1031	137	31	companies	company	NOUN
ijtc-1031	137	32	in	in	ADP
ijtc-1031	137	33	indonesia	indonesia	PROPN
ijtc-1031	137	34	rizal	rizal	PROPN
ijtc-1031	137	35	,	,	PUNCT
ijtc-1031	137	36	supriyadi	supriyadi	NOUN
ijtc-1031	137	37	,	,	PUNCT
ijtc-1031	137	38	and	and	CCONJ
ijtc-1031	137	39	fachrudin	fachrudin	VERB
ijtc-1031	137	40	151	151	NUM
ijtc-1031	137	41	|	|	ADV
ijtc-1031	137	42	ilomata	ilomata	PROPN
ijtc-1031	137	43	international	international	ADJ
ijtc-1031	137	44	journal	journal	NOUN
ijtc-1031	137	45	of	of	ADP
ijtc-1031	137	46	tax	tax	PROPN
ijtc-1031	137	47	&	&	CCONJ
ijtc-1031	137	48	accounting	account	VERB
ijtc-1031	137	49	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-1031	137	50	variable	variable	ADJ
ijtc-1031	137	51	indicator	indicator	NOUN
ijtc-1031	137	52	return	return	VERB
ijtc-1031	137	53	on	on	ADP
ijtc-1031	137	54	asset	asset	NOUN
ijtc-1031	137	55	(	(	PUNCT
ijtc-1031	137	56	x3	x3	ADJ
ijtc-1031	137	57	)	)	PUNCT
ijtc-1031	138	1	roa	roa	NOUN
ijtc-1031	139	1	=	=	PROPN
ijtc-1031	139	2	profit	profit	NOUN
ijtc-1031	139	3	after	after	ADP
ijtc-1031	139	4	tax	tax	NOUN
ijtc-1031	139	5	/	/	SYM
ijtc-1031	139	6	total	total	ADJ
ijtc-1031	139	7	assets	asset	NOUN
ijtc-1031	139	8	free	free	ADJ
ijtc-1031	139	9	cash	cash	NOUN
ijtc-1031	139	10	flow	flow	NOUN
ijtc-1031	139	11	(	(	PUNCT
ijtc-1031	139	12	x4	x4	PROPN
ijtc-1031	139	13	)	)	PUNCT
ijtc-1031	139	14	fcf	fcf	NOUN
ijtc-1031	139	15	=	=	VERB
ijtc-1031	139	16	remaining	remain	VERB
ijtc-1031	139	17	amount	amount	NOUN
ijtc-1031	139	18	of	of	ADP
ijtc-1031	139	19	cash	cash	NOUN
ijtc-1031	139	20	flow	flow	NOUN
ijtc-1031	139	21	in	in	ADP
ijtc-1031	139	22	billions	billion	NOUN
ijtc-1031	139	23	of	of	ADP
ijtc-1031	139	24	rupiah	rupiah	NOUN
ijtc-1031	139	25	debt	debt	NOUN
ijtc-1031	139	26	to	to	ADP
ijtc-1031	139	27	equity	equity	NOUN
ijtc-1031	139	28	ratio	ratio	NOUN
ijtc-1031	139	29	(	(	PUNCT
ijtc-1031	139	30	x5	x5	NOUN
ijtc-1031	139	31	)	)	PUNCT
ijtc-1031	139	32	der	der	NOUN
ijtc-1031	139	33	=	=	NOUN
ijtc-1031	139	34	total	total	ADJ
ijtc-1031	139	35	liabilities	liability	NOUN
ijtc-1031	139	36	/	/	SYM
ijtc-1031	139	37	equity	equity	NOUN
ijtc-1031	139	38	research	research	NOUN
ijtc-1031	139	39	framework	framework	NOUN
ijtc-1031	139	40	research	research	NOUN
ijtc-1031	139	41	model	model	NOUN
ijtc-1031	139	42	this	this	DET
ijtc-1031	139	43	research	research	NOUN
ijtc-1031	139	44	uses	use	VERB
ijtc-1031	139	45	descriptive	descriptive	ADJ
ijtc-1031	139	46	statistical	statistical	ADJ
ijtc-1031	139	47	analysis	analysis	NOUN
ijtc-1031	139	48	and	and	CCONJ
ijtc-1031	139	49	multiple	multiple	ADJ
ijtc-1031	139	50	linear	linear	ADJ
ijtc-1031	139	51	regression	regression	NOUN
ijtc-1031	139	52	analysis	analysis	NOUN
ijtc-1031	139	53	of	of	ADP
ijtc-1031	139	54	panel	panel	NOUN
ijtc-1031	139	55	data	datum	NOUN
ijtc-1031	139	56	.	.	PUNCT
ijtc-1031	140	1	linear	linear	ADJ
ijtc-1031	140	2	regression	regression	NOUN
ijtc-1031	140	3	analysis	analysis	NOUN
ijtc-1031	140	4	is	be	AUX
ijtc-1031	140	5	used	use	VERB
ijtc-1031	140	6	to	to	PART
ijtc-1031	140	7	determine	determine	VERB
ijtc-1031	140	8	the	the	DET
ijtc-1031	140	9	effect	effect	NOUN
ijtc-1031	140	10	of	of	ADP
ijtc-1031	140	11	independent	independent	ADJ
ijtc-1031	140	12	variables	variable	NOUN
ijtc-1031	140	13	on	on	ADP
ijtc-1031	140	14	the	the	DET
ijtc-1031	140	15	dependent	dependent	ADJ
ijtc-1031	140	16	variable	variable	NOUN
ijtc-1031	140	17	in	in	ADP
ijtc-1031	140	18	research	research	NOUN
ijtc-1031	140	19	.	.	PUNCT
ijtc-1031	141	1	linear	linear	ADJ
ijtc-1031	141	2	regression	regression	NOUN
ijtc-1031	141	3	analysis	analysis	NOUN
ijtc-1031	141	4	in	in	ADP
ijtc-1031	141	5	this	this	DET
ijtc-1031	141	6	research	research	NOUN
ijtc-1031	141	7	was	be	AUX
ijtc-1031	141	8	carried	carry	VERB
ijtc-1031	141	9	out	out	ADP
ijtc-1031	141	10	by	by	ADP
ijtc-1031	141	11	determining	determine	VERB
ijtc-1031	141	12	the	the	DET
ijtc-1031	141	13	best	good	ADJ
ijtc-1031	141	14	model	model	NOUN
ijtc-1031	141	15	,	,	PUNCT
ijtc-1031	141	16	classical	classical	ADJ
ijtc-1031	141	17	assumption	assumption	NOUN
ijtc-1031	141	18	testing	testing	NOUN
ijtc-1031	141	19	,	,	PUNCT
ijtc-1031	141	20	and	and	CCONJ
ijtc-1031	141	21	hypothesis	hypothesis	NOUN
ijtc-1031	141	22	testing	testing	NOUN
ijtc-1031	141	23	.	.	PUNCT
ijtc-1031	142	1	the	the	DET
ijtc-1031	142	2	equation	equation	NOUN
ijtc-1031	142	3	formula	formula	NOUN
ijtc-1031	142	4	or	or	CCONJ
ijtc-1031	142	5	regression	regression	NOUN
ijtc-1031	142	6	model	model	NOUN
ijtc-1031	142	7	is	be	AUX
ijtc-1031	142	8	as	as	SCONJ
ijtc-1031	142	9	follows	follow	VERB
ijtc-1031	142	10	.	.	PUNCT
ijtc-1031	143	1	dividendit	dividendit	NOUN
ijtc-1031	143	2	=	=	PUNCT
ijtc-1031	143	3	α	α	PROPN
ijtc-1031	143	4	+	+	CCONJ
ijtc-1031	143	5	β1depit	β1depit	NOUN
ijtc-1031	143	6	+	+	CCONJ
ijtc-1031	143	7	β2niit	β2niit	NOUN
ijtc-1031	143	8	+	+	CCONJ
ijtc-1031	143	9	β3roait	β3roait	ADJ
ijtc-1031	143	10	+	+	NOUN
ijtc-1031	143	11	β4fcfit	β4fcfit	NOUN
ijtc-1031	143	12	+	+	CCONJ
ijtc-1031	143	13	β5derit	β5derit	VERB
ijtc-1031	143	14	+	+	CCONJ
ijtc-1031	143	15	ε	ε	PROPN
ijtc-1031	143	16	…	…	PUNCT
ijtc-1031	143	17	(	(	PUNCT
ijtc-1031	143	18	1	1	X
ijtc-1031	143	19	)	)	PUNCT
ijtc-1031	143	20	keterangan	keterangan	NOUN
ijtc-1031	143	21	:	:	PUNCT
ijtc-1031	143	22	dividen	dividen	VERB
ijtc-1031	143	23	:	:	PUNCT
ijtc-1031	143	24	dividends	dividend	NOUN
ijtc-1031	143	25	paid	pay	VERB
ijtc-1031	143	26	by	by	ADP
ijtc-1031	143	27	the	the	DET
ijtc-1031	143	28	company	company	NOUN
ijtc-1031	143	29	(	(	PUNCT
ijtc-1031	143	30	dependent	dependent	ADJ
ijtc-1031	143	31	variable	variable	NOUN
ijtc-1031	143	32	)	)	PUNCT
ijtc-1031	144	1	α	α	NOUN
ijtc-1031	144	2	:	:	PUNCT
ijtc-1031	144	3	constant	constant	ADJ
ijtc-1031	144	4	β1	β1	PROPN
ijtc-1031	144	5	–	–	PUNCT
ijtc-1031	144	6	5	5	NUM
ijtc-1031	144	7	:	:	PUNCT
ijtc-1031	144	8	coefficient	coefficient	NOUN
ijtc-1031	144	9	of	of	ADP
ijtc-1031	144	10	each	each	DET
ijtc-1031	144	11	independent	independent	ADJ
ijtc-1031	144	12	variable	variable	ADJ
ijtc-1031	144	13	kpd	kpd	PROPN
ijtc-1031	144	14	:	:	PUNCT
ijtc-1031	144	15	dividend	dividend	NOUN
ijtc-1031	144	16	exclusion	exclusion	NOUN
ijtc-1031	144	17	policy	policy	NOUN
ijtc-1031	144	18	(	(	PUNCT
ijtc-1031	144	19	dummy	dummy	ADJ
ijtc-1031	144	20	variable	variable	NOUN
ijtc-1031	144	21	)	)	PUNCT
ijtc-1031	144	22	independent	independent	ADJ
ijtc-1031	144	23	variable	variable	ADJ
ijtc-1031	144	24	dependent	dependent	ADJ
ijtc-1031	144	25	variable	variable	ADJ
ijtc-1031	144	26	dividend	dividend	NOUN
ijtc-1031	144	27	exclusion	exclusion	NOUN
ijtc-1031	144	28	policy	policy	NOUN
ijtc-1031	144	29	(	(	PUNCT
ijtc-1031	144	30	x1	x1	NOUN
ijtc-1031	144	31	)	)	PUNCT
ijtc-1031	144	32	net	net	ADJ
ijtc-1031	144	33	income	income	NOUN
ijtc-1031	144	34	(	(	PUNCT
ijtc-1031	144	35	x2	x2	PROPN
ijtc-1031	144	36	)	)	PUNCT
ijtc-1031	144	37	roa	roa	NOUN
ijtc-1031	144	38	(	(	PUNCT
ijtc-1031	144	39	x3	x3	ADJ
ijtc-1031	144	40	)	)	PUNCT
ijtc-1031	144	41	free	free	ADJ
ijtc-1031	144	42	cash	cash	NOUN
ijtc-1031	144	43	flow	flow	NOUN
ijtc-1031	144	44	(	(	PUNCT
ijtc-1031	144	45	x4	x4	PROPN
ijtc-1031	144	46	)	)	PUNCT
ijtc-1031	144	47	der	der	ADJ
ijtc-1031	144	48	(	(	PUNCT
ijtc-1031	144	49	x5	x5	NOUN
ijtc-1031	144	50	)	)	PUNCT
ijtc-1031	144	51	dividend	dividend	NOUN
ijtc-1031	144	52	payment	payment	NOUN
ijtc-1031	144	53	amount	amount	NOUN
ijtc-1031	144	54	(	(	PUNCT
ijtc-1031	144	55	y	y	NOUN
ijtc-1031	144	56	)	)	PUNCT
ijtc-1031	144	57	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-1031	144	58	the	the	DET
ijtc-1031	144	59	influence	influence	NOUN
ijtc-1031	144	60	of	of	ADP
ijtc-1031	144	61	tax	tax	NOUN
ijtc-1031	144	62	exclusion	exclusion	NOUN
ijtc-1031	144	63	policies	policy	NOUN
ijtc-1031	144	64	and	and	CCONJ
ijtc-1031	144	65	other	other	ADJ
ijtc-1031	144	66	factors	factor	NOUN
ijtc-1031	144	67	on	on	ADP
ijtc-1031	144	68	the	the	DET
ijtc-1031	144	69	value	value	NOUN
ijtc-1031	144	70	of	of	ADP
ijtc-1031	144	71	dividends	dividend	NOUN
ijtc-1031	144	72	paid	pay	VERB
ijtc-1031	144	73	by	by	ADP
ijtc-1031	144	74	public	public	ADJ
ijtc-1031	144	75	companies	company	NOUN
ijtc-1031	144	76	in	in	ADP
ijtc-1031	144	77	indonesia	indonesia	PROPN
ijtc-1031	144	78	rizal	rizal	PROPN
ijtc-1031	144	79	,	,	PUNCT
ijtc-1031	144	80	supriyadi	supriyadi	NOUN
ijtc-1031	144	81	,	,	PUNCT
ijtc-1031	144	82	and	and	CCONJ
ijtc-1031	144	83	fachrudin	fachrudin	VERB
ijtc-1031	144	84	152	152	NUM
ijtc-1031	144	85	|	|	CCONJ
ijtc-1031	144	86	ilomata	ilomata	NOUN
ijtc-1031	144	87	international	international	ADJ
ijtc-1031	144	88	journal	journal	NOUN
ijtc-1031	144	89	of	of	ADP
ijtc-1031	144	90	tax	tax	PROPN
ijtc-1031	144	91	&	&	CCONJ
ijtc-1031	144	92	accounting	accounting	PROPN
ijtc-1031	144	93	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-1031	144	94	ni	ni	PROPN
ijtc-1031	144	95	:	:	PUNCT
ijtc-1031	144	96	net	net	ADJ
ijtc-1031	144	97	income	income	NOUN
ijtc-1031	144	98	roa	roa	NOUN
ijtc-1031	144	99	:	:	PUNCT
ijtc-1031	144	100	return	return	VERB
ijtc-1031	144	101	on	on	ADP
ijtc-1031	144	102	asset	asset	NOUN
ijtc-1031	144	103	fcf	fcf	NOUN
ijtc-1031	144	104	:	:	PUNCT
ijtc-1031	144	105	free	free	ADJ
ijtc-1031	144	106	cash	cash	NOUN
ijtc-1031	144	107	flow	flow	NOUN
ijtc-1031	144	108	der	der	NOUN
ijtc-1031	144	109	:	:	PUNCT
ijtc-1031	144	110	debt	debt	NOUN
ijtc-1031	144	111	to	to	ADP
ijtc-1031	144	112	equity	equity	NOUN
ijtc-1031	144	113	ratio	ratio	NOUN
ijtc-1031	144	114	ε	ε	PROPN
ijtc-1031	144	115	:	:	PUNCT
ijtc-1031	144	116	standard	standard	ADJ
ijtc-1031	144	117	error	error	NOUN
ijtc-1031	144	118	result	result	NOUN
ijtc-1031	144	119	and	and	CCONJ
ijtc-1031	144	120	discussion	discussion	NOUN
ijtc-1031	144	121	statistical	statistical	ADJ
ijtc-1031	144	122	analysis	analysis	NOUN
ijtc-1031	144	123	results	result	NOUN
ijtc-1031	144	124	based	base	VERB
ijtc-1031	144	125	on	on	ADP
ijtc-1031	144	126	the	the	DET
ijtc-1031	144	127	data	datum	NOUN
ijtc-1031	144	128	used	use	VERB
ijtc-1031	144	129	,	,	PUNCT
ijtc-1031	144	130	it	it	PRON
ijtc-1031	144	131	is	be	AUX
ijtc-1031	144	132	known	know	VERB
ijtc-1031	144	133	that	that	SCONJ
ijtc-1031	144	134	dividend	dividend	NOUN
ijtc-1031	144	135	payments	payment	NOUN
ijtc-1031	144	136	by	by	ADP
ijtc-1031	144	137	companies	company	NOUN
ijtc-1031	144	138	listed	list	VERB
ijtc-1031	144	139	on	on	ADP
ijtc-1031	144	140	the	the	DET
ijtc-1031	144	141	idx	idx	NOUN
ijtc-1031	144	142	tend	tend	VERB
ijtc-1031	144	143	to	to	PART
ijtc-1031	144	144	continue	continue	VERB
ijtc-1031	144	145	to	to	PART
ijtc-1031	144	146	increase	increase	VERB
ijtc-1031	144	147	from	from	ADP
ijtc-1031	144	148	year	year	NOUN
ijtc-1031	144	149	to	to	ADP
ijtc-1031	144	150	year	year	NOUN
ijtc-1031	144	151	.	.	PUNCT
ijtc-1031	145	1	apart	apart	ADV
ijtc-1031	145	2	from	from	ADP
ijtc-1031	145	3	dividends	dividend	NOUN
ijtc-1031	145	4	which	which	PRON
ijtc-1031	145	5	tend	tend	VERB
ijtc-1031	145	6	to	to	PART
ijtc-1031	145	7	continue	continue	VERB
ijtc-1031	145	8	to	to	PART
ijtc-1031	145	9	increase	increase	VERB
ijtc-1031	145	10	,	,	PUNCT
ijtc-1031	145	11	the	the	DET
ijtc-1031	145	12	net	net	ADJ
ijtc-1031	145	13	profits	profit	NOUN
ijtc-1031	145	14	of	of	ADP
ijtc-1031	145	15	the	the	DET
ijtc-1031	145	16	thirty	thirty	NUM
ijtc-1031	145	17	companies	company	NOUN
ijtc-1031	145	18	with	with	ADP
ijtc-1031	145	19	the	the	DET
ijtc-1031	145	20	largest	large	ADJ
ijtc-1031	145	21	market	market	NOUN
ijtc-1031	145	22	capitalization	capitalization	NOUN
ijtc-1031	145	23	on	on	ADP
ijtc-1031	145	24	the	the	DET
ijtc-1031	145	25	idx	idx	NOUN
ijtc-1031	145	26	also	also	ADV
ijtc-1031	145	27	tend	tend	VERB
ijtc-1031	145	28	to	to	PART
ijtc-1031	145	29	continue	continue	VERB
ijtc-1031	145	30	to	to	PART
ijtc-1031	145	31	increase	increase	VERB
ijtc-1031	145	32	.	.	PUNCT
ijtc-1031	146	1	the	the	DET
ijtc-1031	146	2	following	follow	VERB
ijtc-1031	146	3	is	be	AUX
ijtc-1031	146	4	a	a	DET
ijtc-1031	146	5	graph	graph	NOUN
ijtc-1031	146	6	of	of	ADP
ijtc-1031	146	7	dividend	dividend	NOUN
ijtc-1031	146	8	payments	payment	NOUN
ijtc-1031	146	9	and	and	CCONJ
ijtc-1031	146	10	net	net	ADJ
ijtc-1031	146	11	profit	profit	NOUN
ijtc-1031	146	12	of	of	ADP
ijtc-1031	146	13	listed	list	VERB
ijtc-1031	146	14	companies	company	NOUN
ijtc-1031	146	15	as	as	ADP
ijtc-1031	146	16	a	a	DET
ijtc-1031	146	17	basis	basis	NOUN
ijtc-1031	146	18	for	for	ADP
ijtc-1031	146	19	dividend	dividend	NOUN
ijtc-1031	146	20	payments	payment	NOUN
ijtc-1031	146	21	.	.	PUNCT
ijtc-1031	147	1	the	the	DET
ijtc-1031	147	2	image	image	NOUN
ijtc-1031	147	3	above	above	ADV
ijtc-1031	147	4	shows	show	VERB
ijtc-1031	147	5	that	that	SCONJ
ijtc-1031	147	6	in	in	ADP
ijtc-1031	147	7	the	the	DET
ijtc-1031	147	8	period	period	NOUN
ijtc-1031	147	9	2018	2018	NUM
ijtc-1031	147	10	to	to	PART
ijtc-1031	147	11	.	.	PUNCT
ijtc-1031	148	1	in	in	ADP
ijtc-1031	148	2	2022	2022	NUM
ijtc-1031	148	3	,	,	PUNCT
ijtc-1031	148	4	the	the	DET
ijtc-1031	148	5	value	value	NOUN
ijtc-1031	148	6	of	of	ADP
ijtc-1031	148	7	dividend	dividend	NOUN
ijtc-1031	148	8	payments	payment	NOUN
ijtc-1031	148	9	is	be	AUX
ijtc-1031	148	10	likely	likely	ADJ
ijtc-1031	148	11	to	to	PART
ijtc-1031	148	12	continue	continue	VERB
ijtc-1031	148	13	to	to	PART
ijtc-1031	148	14	increase	increase	VERB
ijtc-1031	148	15	,	,	PUNCT
ijtc-1031	148	16	as	as	SCONJ
ijtc-1031	148	17	will	will	AUX
ijtc-1031	148	18	the	the	DET
ijtc-1031	148	19	net	net	ADJ
ijtc-1031	148	20	profit	profit	NOUN
ijtc-1031	148	21	generated	generate	VERB
ijtc-1031	148	22	by	by	ADP
ijtc-1031	148	23	the	the	DET
ijtc-1031	148	24	thirty	thirty	NUM
ijtc-1031	148	25	companies	company	NOUN
ijtc-1031	148	26	in	in	ADP
ijtc-1031	148	27	the	the	DET
ijtc-1031	148	28	sample	sample	NOUN
ijtc-1031	148	29	.	.	PUNCT
ijtc-1031	149	1	the	the	DET
ijtc-1031	149	2	decline	decline	NOUN
ijtc-1031	149	3	that	that	PRON
ijtc-1031	149	4	occurred	occur	VERB
ijtc-1031	149	5	in	in	ADP
ijtc-1031	149	6	2021	2021	NUM
ijtc-1031	149	7	was	be	AUX
ijtc-1031	149	8	the	the	DET
ijtc-1031	149	9	impact	impact	NOUN
ijtc-1031	149	10	of	of	ADP
ijtc-1031	149	11	the	the	DET
ijtc-1031	149	12	covid-19	covid-19	PROPN
ijtc-1031	149	13	pandemic	pandemic	NOUN
ijtc-1031	149	14	that	that	PRON
ijtc-1031	149	15	broke	break	VERB
ijtc-1031	149	16	out	out	ADP
ijtc-1031	149	17	in	in	ADP
ijtc-1031	149	18	indonesia	indonesia	PROPN
ijtc-1031	149	19	.	.	PUNCT
ijtc-1031	150	1	for	for	ADP
ijtc-1031	150	2	information	information	NOUN
ijtc-1031	150	3	,	,	PUNCT
ijtc-1031	150	4	the	the	DET
ijtc-1031	150	5	net	net	ADJ
ijtc-1031	150	6	profit	profit	NOUN
ijtc-1031	150	7	paid	pay	VERB
ijtc-1031	150	8	or	or	CCONJ
ijtc-1031	150	9	recognized	recognize	VERB
ijtc-1031	150	10	as	as	ADP
ijtc-1031	150	11	being	be	AUX
ijtc-1031	150	12	paid	pay	VERB
ijtc-1031	150	13	in	in	ADP
ijtc-1031	150	14	the	the	DET
ijtc-1031	150	15	current	current	ADJ
ijtc-1031	150	16	year	year	NOUN
ijtc-1031	150	17	is	be	AUX
ijtc-1031	150	18	the	the	DET
ijtc-1031	150	19	net	net	ADJ
ijtc-1031	150	20	profit	profit	NOUN
ijtc-1031	150	21	in	in	ADP
ijtc-1031	150	22	the	the	DET
ijtc-1031	150	23	previous	previous	ADJ
ijtc-1031	150	24	year	year	NOUN
ijtc-1031	150	25	,	,	PUNCT
ijtc-1031	150	26	so	so	ADV
ijtc-1031	150	27	the	the	DET
ijtc-1031	150	28	profit	profit	NOUN
ijtc-1031	150	29	paid	pay	VERB
ijtc-1031	150	30	as	as	ADP
ijtc-1031	150	31	dividends	dividend	NOUN
ijtc-1031	150	32	in	in	ADP
ijtc-1031	150	33	2021	2021	NUM
ijtc-1031	150	34	is	be	AUX
ijtc-1031	150	35	the	the	DET
ijtc-1031	150	36	profit	profit	NOUN
ijtc-1031	150	37	generated	generate	VERB
ijtc-1031	150	38	in	in	ADP
ijtc-1031	150	39	the	the	DET
ijtc-1031	150	40	2020	2020	NUM
ijtc-1031	150	41	financial	financial	ADJ
ijtc-1031	150	42	year	year	NOUN
ijtc-1031	150	43	or	or	CCONJ
ijtc-1031	150	44	when	when	SCONJ
ijtc-1031	150	45	the	the	DET
ijtc-1031	150	46	pandemic	pandemic	NOUN
ijtc-1031	150	47	was	be	AUX
ijtc-1031	150	48	occurring	occur	VERB
ijtc-1031	150	49	.	.	PUNCT
ijtc-1031	151	1	the	the	DET
ijtc-1031	151	2	growth	growth	NOUN
ijtc-1031	151	3	in	in	ADP
ijtc-1031	151	4	the	the	DET
ijtc-1031	151	5	value	value	NOUN
ijtc-1031	151	6	of	of	ADP
ijtc-1031	151	7	dividends	dividend	NOUN
ijtc-1031	151	8	paid	pay	VERB
ijtc-1031	151	9	and	and	CCONJ
ijtc-1031	151	10	the	the	DET
ijtc-1031	151	11	company	company	NOUN
ijtc-1031	151	12	's	's	PART
ijtc-1031	151	13	net	net	ADJ
ijtc-1031	151	14	profit	profit	NOUN
ijtc-1031	151	15	from	from	ADP
ijtc-1031	151	16	the	the	DET
ijtc-1031	151	17	test	test	NOUN
ijtc-1031	151	18	year	year	NOUN
ijtc-1031	151	19	as	as	ADV
ijtc-1031	151	20	well	well	ADV
ijtc-1031	151	21	as	as	ADP
ijtc-1031	151	22	the	the	DET
ijtc-1031	151	23	impact	impact	NOUN
ijtc-1031	151	24	of	of	ADP
ijtc-1031	151	25	the	the	DET
ijtc-1031	151	26	covid-19	covid-19	PROPN
ijtc-1031	151	27	pandemic	pandemic	NOUN
ijtc-1031	151	28	in	in	ADP
ijtc-1031	151	29	2020	2020	NUM
ijtc-1031	151	30	can	can	AUX
ijtc-1031	151	31	also	also	ADV
ijtc-1031	151	32	be	be	AUX
ijtc-1031	151	33	seen	see	VERB
ijtc-1031	151	34	from	from	ADP
ijtc-1031	151	35	the	the	DET
ijtc-1031	151	36	results	result	NOUN
ijtc-1031	151	37	of	of	ADP
ijtc-1031	151	38	the	the	DET
ijtc-1031	151	39	descriptive	descriptive	ADJ
ijtc-1031	151	40	statistical	statistical	ADJ
ijtc-1031	151	41	tests	test	NOUN
ijtc-1031	151	42	carried	carry	VERB
ijtc-1031	151	43	out	out	ADP
ijtc-1031	151	44	.	.	PUNCT
ijtc-1031	152	1	it	it	PRON
ijtc-1031	152	2	is	be	AUX
ijtc-1031	152	3	known	know	VERB
ijtc-1031	152	4	that	that	SCONJ
ijtc-1031	152	5	the	the	DET
ijtc-1031	152	6	largest	large	ADJ
ijtc-1031	152	7	dividend	dividend	NOUN
ijtc-1031	152	8	payment	payment	NOUN
ijtc-1031	152	9	,	,	PUNCT
ijtc-1031	152	10	the	the	DET
ijtc-1031	152	11	highest	high	ADJ
ijtc-1031	152	12	net	net	ADJ
ijtc-1031	152	13	profit	profit	NOUN
ijtc-1031	152	14	and	and	CCONJ
ijtc-1031	152	15	the	the	DET
ijtc-1031	152	16	highest	high	ADJ
ijtc-1031	152	17	roa	roa	NOUN
ijtc-1031	152	18	occurred	occur	VERB
ijtc-1031	152	19	not	not	PART
ijtc-1031	152	20	in	in	ADP
ijtc-1031	152	21	the	the	DET
ijtc-1031	152	22	2020	2020	NUM
ijtc-1031	152	23	financial	financial	ADJ
ijtc-1031	152	24	year	year	NOUN
ijtc-1031	152	25	.	.	PUNCT
ijtc-1031	153	1	meanwhile	meanwhile	ADV
ijtc-1031	153	2	,	,	PUNCT
ijtc-1031	153	3	the	the	DET
ijtc-1031	153	4	largest	large	ADJ
ijtc-1031	153	5	loss	loss	NOUN
ijtc-1031	153	6	occurred	occur	VERB
ijtc-1031	153	7	50,000	50,000	NUM
ijtc-1031	153	8	100,000	100,000	NUM
ijtc-1031	153	9	150,000	150,000	NUM
ijtc-1031	153	10	200,000	200,000	NUM
ijtc-1031	153	11	250,000	250,000	NUM
ijtc-1031	153	12	300,000	300,000	NUM
ijtc-1031	153	13	2018	2018	NUM
ijtc-1031	153	14	2019	2019	NUM
ijtc-1031	153	15	2020	2020	NUM
ijtc-1031	153	16	2021	2021	NUM
ijtc-1031	153	17	2022	2022	NUM
ijtc-1031	153	18	m	m	PROPN
ijtc-1031	153	19	ili	ili	PROPN
ijtc-1031	153	20	ar	ar	PROPN
ijtc-1031	153	21	r	r	PROPN
ijtc-1031	153	22	u	u	PROPN
ijtc-1031	153	23	p	p	PROPN
ijtc-1031	153	24	ia	ia	PROPN
ijtc-1031	153	25	h	h	PROPN
ijtc-1031	153	26	dividend	dividend	PROPN
ijtc-1031	153	27	payment	payment	NOUN
ijtc-1031	153	28	year	year	NOUN
ijtc-1031	153	29	dividend	dividend	NOUN
ijtc-1031	153	30	payment	payment	NOUN
ijtc-1031	153	31	net	net	ADJ
ijtc-1031	153	32	income	income	NOUN
ijtc-1031	153	33	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-1031	153	34	the	the	DET
ijtc-1031	153	35	influence	influence	NOUN
ijtc-1031	153	36	of	of	ADP
ijtc-1031	153	37	tax	tax	NOUN
ijtc-1031	153	38	exclusion	exclusion	NOUN
ijtc-1031	153	39	policies	policy	NOUN
ijtc-1031	153	40	and	and	CCONJ
ijtc-1031	153	41	other	other	ADJ
ijtc-1031	153	42	factors	factor	NOUN
ijtc-1031	153	43	on	on	ADP
ijtc-1031	153	44	the	the	DET
ijtc-1031	153	45	value	value	NOUN
ijtc-1031	153	46	of	of	ADP
ijtc-1031	153	47	dividends	dividend	NOUN
ijtc-1031	153	48	paid	pay	VERB
ijtc-1031	153	49	by	by	ADP
ijtc-1031	153	50	public	public	ADJ
ijtc-1031	153	51	companies	company	NOUN
ijtc-1031	153	52	in	in	ADP
ijtc-1031	153	53	indonesia	indonesia	PROPN
ijtc-1031	153	54	rizal	rizal	PROPN
ijtc-1031	153	55	,	,	PUNCT
ijtc-1031	153	56	supriyadi	supriyadi	NOUN
ijtc-1031	153	57	,	,	PUNCT
ijtc-1031	153	58	and	and	CCONJ
ijtc-1031	153	59	fachrudin	fachrudin	VERB
ijtc-1031	153	60	153	153	NUM
ijtc-1031	153	61	|	|	ADV
ijtc-1031	153	62	ilomata	ilomata	PROPN
ijtc-1031	153	63	international	international	ADJ
ijtc-1031	153	64	journal	journal	NOUN
ijtc-1031	153	65	of	of	ADP
ijtc-1031	153	66	tax	tax	PROPN
ijtc-1031	153	67	&	&	CCONJ
ijtc-1031	153	68	accounting	accounting	NOUN
ijtc-1031	153	69	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-1031	153	70	in	in	ADP
ijtc-1031	153	71	the	the	DET
ijtc-1031	153	72	pandemic	pandemic	ADJ
ijtc-1031	153	73	year	year	NOUN
ijtc-1031	153	74	,	,	PUNCT
ijtc-1031	153	75	namely	namely	ADV
ijtc-1031	153	76	in	in	ADP
ijtc-1031	153	77	the	the	DET
ijtc-1031	153	78	2020	2020	NUM
ijtc-1031	153	79	financial	financial	ADJ
ijtc-1031	153	80	year	year	NOUN
ijtc-1031	153	81	.	.	PUNCT
ijtc-1031	154	1	table	table	NOUN
ijtc-1031	154	2	below	below	ADV
ijtc-1031	154	3	shows	show	VERB
ijtc-1031	154	4	the	the	DET
ijtc-1031	154	5	results	result	NOUN
ijtc-1031	154	6	of	of	ADP
ijtc-1031	154	7	the	the	DET
ijtc-1031	154	8	descriptive	descriptive	ADJ
ijtc-1031	154	9	statistical	statistical	ADJ
ijtc-1031	154	10	tests	test	NOUN
ijtc-1031	154	11	that	that	PRON
ijtc-1031	154	12	have	have	AUX
ijtc-1031	154	13	been	be	AUX
ijtc-1031	154	14	carried	carry	VERB
ijtc-1031	154	15	out	out	ADP
ijtc-1031	154	16	.	.	PUNCT
ijtc-1031	155	1	description	description	NOUN
ijtc-1031	155	2	unit	unit	NOUN
ijtc-1031	155	3	average	average	ADJ
ijtc-1031	155	4	maximum	maximum	ADJ
ijtc-1031	155	5	minimum	minimum	ADJ
ijtc-1031	155	6	dividend	dividend	NOUN
ijtc-1031	155	7	payment	payment	NOUN
ijtc-1031	155	8	million	million	NUM
ijtc-1031	155	9	3.794,98	3.794,98	NUM
ijtc-1031	155	10	26.407,00	26.407,00	NUM
ijtc-1031	155	11	net	net	ADJ
ijtc-1031	155	12	income	income	NOUN
ijtc-1031	155	13	million	million	NUM
ijtc-1031	155	14	7.399,47	7.399,47	NUM
ijtc-1031	155	15	34.414,00	34.414,00	NUM
ijtc-1031	155	16	4.690,00	4.690,00	NUM
ijtc-1031	155	17	roa	roa	NOUN
ijtc-1031	155	18	(	(	PUNCT
ijtc-1031	155	19	%	%	NOUN
ijtc-1031	155	20	)	)	PUNCT
ijtc-1031	156	1	7,63	7,63	NUM
ijtc-1031	156	2	49,83	49,83	NUM
ijtc-1031	156	3	13,43	13,43	ADJ
ijtc-1031	156	4	der	der	NOUN
ijtc-1031	156	5	(	(	PUNCT
ijtc-1031	156	6	%	%	INTJ
ijtc-1031	156	7	)	)	PUNCT
ijtc-1031	156	8	22,93	22,93	NUM
ijtc-1031	156	9	371,00	371,00	NUM
ijtc-1031	156	10	1.051,00	1.051,00	NUM
ijtc-1031	156	11	free	free	ADJ
ijtc-1031	156	12	cash	cash	NOUN
ijtc-1031	156	13	flow	flow	NOUN
ijtc-1031	156	14	million	million	NUM
ijtc-1031	156	15	9.827,31	9.827,31	NUM
ijtc-1031	156	16	126.368,00	126.368,00	NUM
ijtc-1031	156	17	35.256,00	35.256,00	PROPN
ijtc-1031	156	18	the	the	DET
ijtc-1031	156	19	maximum	maximum	ADJ
ijtc-1031	156	20	dividend	dividend	NOUN
ijtc-1031	156	21	payment	payment	NOUN
ijtc-1031	156	22	as	as	SCONJ
ijtc-1031	156	23	shown	show	VERB
ijtc-1031	156	24	in	in	ADP
ijtc-1031	156	25	table	table	NOUN
ijtc-1031	156	26	2	2	NUM
ijtc-1031	156	27	was	be	AUX
ijtc-1031	156	28	made	make	VERB
ijtc-1031	156	29	by	by	ADP
ijtc-1031	156	30	bank	bank	NOUN
ijtc-1031	156	31	bri	bri	NOUN
ijtc-1031	156	32	in	in	ADP
ijtc-1031	156	33	2022	2022	NUM
ijtc-1031	156	34	,	,	PUNCT
ijtc-1031	156	35	while	while	SCONJ
ijtc-1031	156	36	the	the	DET
ijtc-1031	156	37	largest	large	ADJ
ijtc-1031	156	38	net	net	ADJ
ijtc-1031	156	39	profit	profit	NOUN
ijtc-1031	156	40	was	be	AUX
ijtc-1031	156	41	recorded	record	VERB
ijtc-1031	156	42	by	by	ADP
ijtc-1031	156	43	bank	bank	PROPN
ijtc-1031	156	44	bri	bri	NOUN
ijtc-1031	156	45	for	for	ADP
ijtc-1031	156	46	the	the	DET
ijtc-1031	156	47	2019	2019	NUM
ijtc-1031	156	48	financial	financial	ADJ
ijtc-1031	156	49	year	year	NOUN
ijtc-1031	156	50	.	.	PUNCT
ijtc-1031	157	1	meanwhile	meanwhile	ADV
ijtc-1031	157	2	,	,	PUNCT
ijtc-1031	157	3	the	the	DET
ijtc-1031	157	4	highest	high	ADJ
ijtc-1031	157	5	roa	roa	NOUN
ijtc-1031	157	6	was	be	AUX
ijtc-1031	157	7	recorded	record	VERB
ijtc-1031	157	8	by	by	ADP
ijtc-1031	157	9	the	the	DET
ijtc-1031	157	10	coal	coal	NOUN
ijtc-1031	157	11	company	company	NOUN
ijtc-1031	157	12	pt	pt	PROPN
ijtc-1031	157	13	bayan	bayan	PROPN
ijtc-1031	157	14	resources	resource	NOUN
ijtc-1031	157	15	in	in	ADP
ijtc-1031	157	16	the	the	DET
ijtc-1031	157	17	2021	2021	NUM
ijtc-1031	157	18	financial	financial	ADJ
ijtc-1031	157	19	year	year	NOUN
ijtc-1031	157	20	.	.	PUNCT
ijtc-1031	158	1	minimum	minimum	ADJ
ijtc-1031	158	2	value	value	NOUN
ijtc-1031	158	3	of	of	ADP
ijtc-1031	158	4	profit	profit	NOUN
ijtc-1031	158	5	or	or	CCONJ
ijtc-1031	158	6	loss	loss	VERB
ijtc-1031	158	7	the	the	DET
ijtc-1031	158	8	largest	large	ADJ
ijtc-1031	158	9	net	net	ADJ
ijtc-1031	158	10	contribution	contribution	NOUN
ijtc-1031	158	11	was	be	AUX
ijtc-1031	158	12	made	make	VERB
ijtc-1031	158	13	by	by	ADP
ijtc-1031	158	14	the	the	DET
ijtc-1031	158	15	coal	coal	NOUN
ijtc-1031	158	16	company	company	NOUN
ijtc-1031	158	17	pt	pt	PROPN
ijtc-1031	158	18	bumi	bumi	PROPN
ijtc-1031	158	19	resources	resource	NOUN
ijtc-1031	158	20	in	in	ADP
ijtc-1031	158	21	the	the	DET
ijtc-1031	158	22	2020	2020	NUM
ijtc-1031	158	23	financial	financial	ADJ
ijtc-1031	158	24	year	year	NOUN
ijtc-1031	158	25	.	.	PUNCT
ijtc-1031	159	1	apart	apart	ADV
ijtc-1031	159	2	from	from	ADP
ijtc-1031	159	3	recording	record	VERB
ijtc-1031	159	4	the	the	DET
ijtc-1031	159	5	largest	large	ADJ
ijtc-1031	159	6	net	net	ADJ
ijtc-1031	159	7	loss	loss	NOUN
ijtc-1031	159	8	,	,	PUNCT
ijtc-1031	159	9	pt	pt	PROPN
ijtc-1031	159	10	bumi	bumi	PROPN
ijtc-1031	159	11	resources	resource	NOUN
ijtc-1031	159	12	in	in	ADP
ijtc-1031	159	13	the	the	DET
ijtc-1031	159	14	2018	2018	NUM
ijtc-1031	159	15	financial	financial	ADJ
ijtc-1031	159	16	year	year	NOUN
ijtc-1031	159	17	was	be	AUX
ijtc-1031	159	18	also	also	ADV
ijtc-1031	159	19	recorded	record	VERB
ijtc-1031	159	20	as	as	ADP
ijtc-1031	159	21	having	have	VERB
ijtc-1031	159	22	the	the	DET
ijtc-1031	159	23	"	"	PUNCT
ijtc-1031	159	24	worst	bad	ADJ
ijtc-1031	159	25	"	"	PUNCT
ijtc-1031	159	26	der	der	NOUN
ijtc-1031	159	27	because	because	SCONJ
ijtc-1031	159	28	not	not	PART
ijtc-1031	159	29	only	only	ADV
ijtc-1031	159	30	did	do	AUX
ijtc-1031	159	31	it	it	PRON
ijtc-1031	159	32	have	have	VERB
ijtc-1031	159	33	a	a	DET
ijtc-1031	159	34	debt	debt	NOUN
ijtc-1031	159	35	value	value	NOUN
ijtc-1031	159	36	that	that	PRON
ijtc-1031	159	37	was	be	AUX
ijtc-1031	159	38	greater	great	ADJ
ijtc-1031	159	39	than	than	ADP
ijtc-1031	159	40	its	its	PRON
ijtc-1031	159	41	equity	equity	NOUN
ijtc-1031	159	42	,	,	PUNCT
ijtc-1031	159	43	but	but	CCONJ
ijtc-1031	159	44	pt	pt	PROPN
ijtc-1031	159	45	bumi	bumi	PROPN
ijtc-1031	159	46	resources	resource	NOUN
ijtc-1031	159	47	'	'	PART
ijtc-1031	159	48	equity	equity	NOUN
ijtc-1031	159	49	has	have	AUX
ijtc-1031	159	50	also	also	ADV
ijtc-1031	159	51	reached	reach	VERB
ijtc-1031	159	52	a	a	DET
ijtc-1031	159	53	negative	negative	ADJ
ijtc-1031	159	54	value	value	NOUN
ijtc-1031	159	55	or	or	CCONJ
ijtc-1031	159	56	the	the	DET
ijtc-1031	159	57	value	value	NOUN
ijtc-1031	159	58	of	of	ADP
ijtc-1031	159	59	the	the	DET
ijtc-1031	159	60	company	company	NOUN
ijtc-1031	159	61	's	's	PART
ijtc-1031	159	62	assets	asset	NOUN
ijtc-1031	159	63	is	be	AUX
ijtc-1031	159	64	smaller	small	ADJ
ijtc-1031	159	65	than	than	ADP
ijtc-1031	159	66	the	the	DET
ijtc-1031	159	67	value	value	NOUN
ijtc-1031	159	68	of	of	ADP
ijtc-1031	159	69	the	the	DET
ijtc-1031	159	70	company	company	NOUN
ijtc-1031	159	71	's	's	PART
ijtc-1031	159	72	debt	debt	NOUN
ijtc-1031	159	73	.	.	PUNCT
ijtc-1031	160	1	best	good	ADJ
ijtc-1031	160	2	model	model	PROPN
ijtc-1031	160	3	test	test	NOUN
ijtc-1031	160	4	results	result	VERB
ijtc-1031	160	5	the	the	DET
ijtc-1031	160	6	best	good	ADJ
ijtc-1031	160	7	model	model	NOUN
ijtc-1031	160	8	test	test	NOUN
ijtc-1031	160	9	is	be	AUX
ijtc-1031	160	10	carried	carry	VERB
ijtc-1031	160	11	out	out	ADP
ijtc-1031	160	12	to	to	PART
ijtc-1031	160	13	determine	determine	VERB
ijtc-1031	160	14	the	the	DET
ijtc-1031	160	15	best	good	ADJ
ijtc-1031	160	16	model	model	NOUN
ijtc-1031	160	17	to	to	PART
ijtc-1031	160	18	be	be	AUX
ijtc-1031	160	19	used	use	VERB
ijtc-1031	160	20	in	in	ADP
ijtc-1031	160	21	compiling	compile	VERB
ijtc-1031	160	22	the	the	DET
ijtc-1031	160	23	equation	equation	NOUN
ijtc-1031	160	24	.	.	PUNCT
ijtc-1031	161	1	using	use	VERB
ijtc-1031	161	2	panel	panel	NOUN
ijtc-1031	161	3	regression	regression	NOUN
ijtc-1031	161	4	,	,	PUNCT
ijtc-1031	161	5	a	a	DET
ijtc-1031	161	6	series	series	NOUN
ijtc-1031	161	7	of	of	ADP
ijtc-1031	161	8	best	good	ADJ
ijtc-1031	161	9	model	model	NOUN
ijtc-1031	161	10	tests	test	NOUN
ijtc-1031	161	11	have	have	AUX
ijtc-1031	161	12	been	be	AUX
ijtc-1031	161	13	carried	carry	VERB
ijtc-1031	161	14	out	out	ADP
ijtc-1031	161	15	consisting	consist	VERB
ijtc-1031	161	16	of	of	ADP
ijtc-1031	161	17	the	the	DET
ijtc-1031	161	18	chow	chow	PROPN
ijtc-1031	161	19	test	test	NOUN
ijtc-1031	161	20	,	,	PUNCT
ijtc-1031	161	21	hausman	hausman	ADJ
ijtc-1031	161	22	test	test	NOUN
ijtc-1031	161	23	,	,	PUNCT
ijtc-1031	161	24	and	and	CCONJ
ijtc-1031	161	25	breusch	breusch	VERB
ijtc-1031	161	26	pagan	pagan	VERB
ijtc-1031	161	27	lagrange	lagrange	PROPN
ijtc-1031	161	28	multiplier	multiplier	ADV
ijtc-1031	161	29	with	with	ADP
ijtc-1031	161	30	the	the	DET
ijtc-1031	161	31	results	result	NOUN
ijtc-1031	161	32	as	as	SCONJ
ijtc-1031	161	33	shown	show	VERB
ijtc-1031	161	34	in	in	ADP
ijtc-1031	161	35	table	table	NOUN
ijtc-1031	161	36	below	below	ADV
ijtc-1031	161	37	.	.	PUNCT
ijtc-1031	162	1	test	test	NOUN
ijtc-1031	162	2	prob	prob	PROPN
ijtc-1031	162	3	.	.	PUNCT
ijtc-1031	163	1	value	value	PROPN
ijtc-1031	163	2	α	α	DET
ijtc-1031	163	3	best	good	ADJ
ijtc-1031	163	4	model	model	NOUN
ijtc-1031	163	5	to	to	PART
ijtc-1031	163	6	use	use	VERB
ijtc-1031	163	7	chow	chow	NOUN
ijtc-1031	163	8	likelihood	likelihood	NOUN
ijtc-1031	163	9	ratio	ratio	NOUN
ijtc-1031	163	10	0,00	0,00	PROPN
ijtc-1031	163	11	0,05	0,05	PROPN
ijtc-1031	163	12	fe	fe	PROPN
ijtc-1031	163	13	hausman	hausman	PROPN
ijtc-1031	163	14	0,66	0,66	PROPN
ijtc-1031	164	1	0,05	0,05	PROPN
ijtc-1031	164	2	re	re	PROPN
ijtc-1031	164	3	lagrange	lagrange	PROPN
ijtc-1031	164	4	multiplier	multiplier	ADV
ijtc-1031	164	5	breusch	breusch	NOUN
ijtc-1031	164	6	pagan	pagan	VERB
ijtc-1031	164	7	0,00	0,00	PROPN
ijtc-1031	164	8	0,05	0,05	X
ijtc-1031	164	9	re	re	ADP
ijtc-1031	164	10	the	the	DET
ijtc-1031	164	11	table	table	NOUN
ijtc-1031	164	12	above	above	ADV
ijtc-1031	164	13	shows	show	VERB
ijtc-1031	164	14	that	that	SCONJ
ijtc-1031	164	15	the	the	DET
ijtc-1031	164	16	best	good	ADJ
ijtc-1031	164	17	panel	panel	NOUN
ijtc-1031	164	18	data	datum	NOUN
ijtc-1031	164	19	model	model	NOUN
ijtc-1031	164	20	for	for	ADP
ijtc-1031	164	21	the	the	DET
ijtc-1031	164	22	data	datum	NOUN
ijtc-1031	164	23	used	use	VERB
ijtc-1031	164	24	to	to	PART
ijtc-1031	164	25	construct	construct	VERB
ijtc-1031	164	26	the	the	DET
ijtc-1031	164	27	equation	equation	NOUN
ijtc-1031	164	28	is	be	AUX
ijtc-1031	164	29	random	random	ADJ
ijtc-1031	164	30	effect	effect	NOUN
ijtc-1031	164	31	(	(	PUNCT
ijtc-1031	164	32	re	re	NOUN
ijtc-1031	164	33	)	)	PUNCT
ijtc-1031	164	34	.	.	PUNCT
ijtc-1031	165	1	this	this	PRON
ijtc-1031	165	2	is	be	AUX
ijtc-1031	165	3	shown	show	VERB
ijtc-1031	165	4	in	in	ADP
ijtc-1031	165	5	the	the	DET
ijtc-1031	165	6	hausman	hausman	NOUN
ijtc-1031	165	7	and	and	CCONJ
ijtc-1031	165	8	lagrange	lagrange	PROPN
ijtc-1031	165	9	multiplier	multipli	ADJ
ijtc-1031	165	10	breusch	breusch	NOUN
ijtc-1031	165	11	pagan	pagan	VERB
ijtc-1031	165	12	tests	test	NOUN
ijtc-1031	165	13	which	which	PRON
ijtc-1031	165	14	show	show	VERB
ijtc-1031	165	15	that	that	SCONJ
ijtc-1031	165	16	the	the	DET
ijtc-1031	165	17	probability	probability	NOUN
ijtc-1031	165	18	is	be	AUX
ijtc-1031	165	19	not	not	PART
ijtc-1031	165	20	significant	significant	ADJ
ijtc-1031	165	21	(	(	PUNCT
ijtc-1031	165	22	hausman	hausman	ADJ
ijtc-1031	165	23	test	test	NOUN
ijtc-1031	165	24	)	)	PUNCT
ijtc-1031	165	25	and	and	CCONJ
ijtc-1031	165	26	significant	significant	ADJ
ijtc-1031	165	27	(	(	PUNCT
ijtc-1031	165	28	lagrange	lagrange	PROPN
ijtc-1031	165	29	multiplier	multipli	ADJ
ijtc-1031	165	30	breusch	breusch	NOUN
ijtc-1031	165	31	pagan	pagan	ADJ
ijtc-1031	165	32	)	)	PUNCT
ijtc-1031	165	33	so	so	SCONJ
ijtc-1031	165	34	that	that	SCONJ
ijtc-1031	165	35	according	accord	VERB
ijtc-1031	165	36	to	to	ADP
ijtc-1031	165	37	the	the	DET
ijtc-1031	165	38	explanation	explanation	NOUN
ijtc-1031	165	39	of	of	ADP
ijtc-1031	165	40	(	(	PUNCT
ijtc-1031	165	41	sihombing	sihombing	NOUN
ijtc-1031	165	42	,	,	PUNCT
ijtc-1031	165	43	2021	2021	NUM
ijtc-1031	165	44	)	)	PUNCT
ijtc-1031	165	45	the	the	DET
ijtc-1031	165	46	best	good	ADJ
ijtc-1031	165	47	model	model	NOUN
ijtc-1031	165	48	used	use	VERB
ijtc-1031	165	49	to	to	PART
ijtc-1031	165	50	compile	compile	VERB
ijtc-1031	165	51	the	the	DET
ijtc-1031	165	52	panel	panel	NOUN
ijtc-1031	165	53	regression	regression	NOUN
ijtc-1031	165	54	equation	equation	NOUN
ijtc-1031	165	55	is	be	AUX
ijtc-1031	165	56	random	random	ADJ
ijtc-1031	165	57	effect	effect	NOUN
ijtc-1031	165	58	(	(	PUNCT
ijtc-1031	165	59	re	re	NOUN
ijtc-1031	165	60	)	)	PUNCT
ijtc-1031	165	61	.	.	PUNCT
ijtc-1031	166	1	assumption	assumption	NOUN
ijtc-1031	166	2	test	test	NOUN
ijtc-1031	166	3	results	result	NOUN
ijtc-1031	166	4	based	base	VERB
ijtc-1031	166	5	on	on	ADP
ijtc-1031	166	6	the	the	DET
ijtc-1031	166	7	best	good	ADJ
ijtc-1031	166	8	model	model	NOUN
ijtc-1031	166	9	selected	select	VERB
ijtc-1031	166	10	,	,	PUNCT
ijtc-1031	166	11	namely	namely	ADV
ijtc-1031	166	12	random	random	ADJ
ijtc-1031	166	13	effect	effect	NOUN
ijtc-1031	166	14	(	(	PUNCT
ijtc-1031	166	15	re	re	NOUN
ijtc-1031	166	16	)	)	PUNCT
ijtc-1031	166	17	,	,	PUNCT
ijtc-1031	166	18	the	the	DET
ijtc-1031	166	19	assumption	assumption	NOUN
ijtc-1031	166	20	test	test	NOUN
ijtc-1031	166	21	will	will	AUX
ijtc-1031	166	22	then	then	ADV
ijtc-1031	166	23	be	be	AUX
ijtc-1031	166	24	carried	carry	VERB
ijtc-1031	166	25	out	out	ADP
ijtc-1031	166	26	to	to	PART
ijtc-1031	166	27	obtain	obtain	VERB
ijtc-1031	166	28	good	good	ADJ
ijtc-1031	166	29	panel	panel	NOUN
ijtc-1031	166	30	regression	regression	NOUN
ijtc-1031	166	31	results	result	NOUN
ijtc-1031	166	32	.	.	PUNCT
ijtc-1031	167	1	the	the	DET
ijtc-1031	167	2	classic	classic	ADJ
ijtc-1031	167	3	assumption	assumption	NOUN
ijtc-1031	167	4	test	test	NOUN
ijtc-1031	167	5	for	for	ADP
ijtc-1031	167	6	the	the	DET
ijtc-1031	167	7	re	re	PROPN
ijtc-1031	167	8	model	model	PROPN
ijtc-1031	167	9	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-1031	167	10	the	the	DET
ijtc-1031	167	11	influence	influence	NOUN
ijtc-1031	167	12	of	of	ADP
ijtc-1031	167	13	tax	tax	NOUN
ijtc-1031	167	14	exclusion	exclusion	NOUN
ijtc-1031	167	15	policies	policy	NOUN
ijtc-1031	167	16	and	and	CCONJ
ijtc-1031	167	17	other	other	ADJ
ijtc-1031	167	18	factors	factor	NOUN
ijtc-1031	167	19	on	on	ADP
ijtc-1031	167	20	the	the	DET
ijtc-1031	167	21	value	value	NOUN
ijtc-1031	167	22	of	of	ADP
ijtc-1031	167	23	dividends	dividend	NOUN
ijtc-1031	167	24	paid	pay	VERB
ijtc-1031	167	25	by	by	ADP
ijtc-1031	167	26	public	public	ADJ
ijtc-1031	167	27	companies	company	NOUN
ijtc-1031	167	28	in	in	ADP
ijtc-1031	167	29	indonesia	indonesia	PROPN
ijtc-1031	167	30	rizal	rizal	PROPN
ijtc-1031	167	31	,	,	PUNCT
ijtc-1031	167	32	supriyadi	supriyadi	NOUN
ijtc-1031	167	33	,	,	PUNCT
ijtc-1031	167	34	and	and	CCONJ
ijtc-1031	167	35	fachrudin	fachrudin	VERB
ijtc-1031	167	36	154	154	NUM
ijtc-1031	167	37	|	|	CCONJ
ijtc-1031	167	38	ilomata	ilomata	PROPN
ijtc-1031	167	39	international	international	ADJ
ijtc-1031	167	40	journal	journal	NOUN
ijtc-1031	167	41	of	of	ADP
ijtc-1031	167	42	tax	tax	PROPN
ijtc-1031	167	43	&	&	CCONJ
ijtc-1031	167	44	accounting	accounting	NOUN
ijtc-1031	167	45	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-1031	167	46	as	as	SCONJ
ijtc-1031	167	47	explained	explain	VERB
ijtc-1031	167	48	by	by	ADP
ijtc-1031	167	49	sihombing	sihombe	VERB
ijtc-1031	167	50	(	(	PUNCT
ijtc-1031	167	51	2021	2021	NUM
ijtc-1031	167	52	)	)	PUNCT
ijtc-1031	167	53	consists	consist	VERB
ijtc-1031	167	54	of	of	ADP
ijtc-1031	167	55	a	a	DET
ijtc-1031	167	56	normality	normality	NOUN
ijtc-1031	167	57	test	test	NOUN
ijtc-1031	167	58	,	,	PUNCT
ijtc-1031	167	59	multicollinearity	multicollinearity	NOUN
ijtc-1031	167	60	test	test	NOUN
ijtc-1031	167	61	,	,	PUNCT
ijtc-1031	167	62	and	and	CCONJ
ijtc-1031	167	63	autocorrelation	autocorrelation	NOUN
ijtc-1031	167	64	test	test	NOUN
ijtc-1031	167	65	with	with	ADP
ijtc-1031	167	66	the	the	DET
ijtc-1031	167	67	results	result	NOUN
ijtc-1031	167	68	shown	show	VERB
ijtc-1031	167	69	in	in	ADP
ijtc-1031	167	70	table	table	NOUN
ijtc-1031	167	71	below	below	ADV
ijtc-1031	167	72	.	.	PUNCT
ijtc-1031	168	1	test	test	NOUN
ijtc-1031	168	2	unit	unit	NOUN
ijtc-1031	168	3	prob	prob	PROPN
ijtc-1031	168	4	.	.	PROPN
ijtc-1031	169	1	value	value	PROPN
ijtc-1031	169	2	result	result	NOUN
ijtc-1031	169	3	condition	condition	NOUN
ijtc-1031	169	4	normalitas	normalitas	PROPN
ijtc-1031	169	5	prob	prob	PROPN
ijtc-1031	169	6	>	>	PROPN
ijtc-1031	169	7	chi2	chi2	PROPN
ijtc-1031	169	8	0,00	0,00	PROPN
ijtc-1031	169	9	signifikan	signifikan	PROPN
ijtc-1031	169	10	tidak	tidak	PROPN
ijtc-1031	169	11	normal	normal	ADJ
ijtc-1031	169	12	multikolinearitas	multikolinearitas	NOUN
ijtc-1031	169	13	vif	vif	PROPN
ijtc-1031	169	14	1,68	1,68	PROPN
ijtc-1031	169	15	tidak	tidak	PROPN
ijtc-1031	169	16	signifikan	signifikan	PROPN
ijtc-1031	169	17	non	non	ADJ
ijtc-1031	169	18	multikol	multikol	PROPN
ijtc-1031	169	19	autokorelasi	autokorelasi	PROPN
ijtc-1031	169	20	prob	prob	PROPN
ijtc-1031	169	21	>	>	PROPN
ijtc-1031	169	22	f	f	PROPN
ijtc-1031	169	23	0,00	0,00	PROPN
ijtc-1031	169	24	signifikan	signifikan	PROPN
ijtc-1031	169	25	autokol	autokol	PROPN
ijtc-1031	169	26	the	the	DET
ijtc-1031	169	27	table	table	NOUN
ijtc-1031	169	28	above	above	ADV
ijtc-1031	169	29	shows	show	VERB
ijtc-1031	169	30	that	that	SCONJ
ijtc-1031	169	31	the	the	DET
ijtc-1031	169	32	data	datum	NOUN
ijtc-1031	169	33	used	use	VERB
ijtc-1031	169	34	has	have	AUX
ijtc-1031	169	35	passed	pass	VERB
ijtc-1031	169	36	the	the	DET
ijtc-1031	169	37	multicollinearity	multicollinearity	NOUN
ijtc-1031	169	38	test	test	NOUN
ijtc-1031	169	39	but	but	CCONJ
ijtc-1031	169	40	has	have	AUX
ijtc-1031	169	41	not	not	PART
ijtc-1031	169	42	passed	pass	VERB
ijtc-1031	169	43	the	the	DET
ijtc-1031	169	44	normality	normality	NOUN
ijtc-1031	169	45	and	and	CCONJ
ijtc-1031	169	46	autocorrelation	autocorrelation	NOUN
ijtc-1031	169	47	tests	test	NOUN
ijtc-1031	169	48	.	.	PUNCT
ijtc-1031	170	1	to	to	PART
ijtc-1031	170	2	overcome	overcome	VERB
ijtc-1031	170	3	normality	normality	NOUN
ijtc-1031	170	4	in	in	ADP
ijtc-1031	170	5	the	the	DET
ijtc-1031	170	6	data	datum	NOUN
ijtc-1031	170	7	,	,	PUNCT
ijtc-1031	170	8	the	the	DET
ijtc-1031	170	9	author	author	NOUN
ijtc-1031	170	10	refers	refer	VERB
ijtc-1031	170	11	to	to	ADP
ijtc-1031	170	12	gujarati	gujarati	PROPN
ijtc-1031	170	13	's	's	PART
ijtc-1031	170	14	(	(	PUNCT
ijtc-1031	170	15	2004	2004	NUM
ijtc-1031	170	16	)	)	PUNCT
ijtc-1031	170	17	explanation	explanation	NOUN
ijtc-1031	170	18	regarding	regard	VERB
ijtc-1031	170	19	the	the	DET
ijtc-1031	170	20	central	central	ADJ
ijtc-1031	170	21	limit	limit	NOUN
ijtc-1031	170	22	theorem	theorem	ADJ
ijtc-1031	170	23	(	(	PUNCT
ijtc-1031	170	24	clt	clt	NOUN
ijtc-1031	170	25	)	)	PUNCT
ijtc-1031	170	26	in	in	ADP
ijtc-1031	170	27	the	the	DET
ijtc-1031	170	28	research	research	NOUN
ijtc-1031	170	29	of	of	ADP
ijtc-1031	170	30	syah	syah	NOUN
ijtc-1031	170	31	and	and	CCONJ
ijtc-1031	170	32	fachrudin	fachrudin	NOUN
ijtc-1031	170	33	(	(	PUNCT
ijtc-1031	170	34	2020	2020	NUM
ijtc-1031	170	35	)	)	PUNCT
ijtc-1031	170	36	which	which	PRON
ijtc-1031	170	37	states	state	VERB
ijtc-1031	170	38	that	that	SCONJ
ijtc-1031	170	39	based	base	VERB
ijtc-1031	170	40	on	on	ADP
ijtc-1031	170	41	clt	clt	PROPN
ijtc-1031	170	42	,	,	PUNCT
ijtc-1031	170	43	research	research	NOUN
ijtc-1031	170	44	with	with	ADP
ijtc-1031	170	45	a	a	DET
ijtc-1031	170	46	large	large	ADJ
ijtc-1031	170	47	number	number	NOUN
ijtc-1031	170	48	of	of	ADP
ijtc-1031	170	49	observations	observation	NOUN
ijtc-1031	170	50	(	(	PUNCT
ijtc-1031	170	51	more	more	ADJ
ijtc-1031	170	52	than	than	ADP
ijtc-1031	170	53	100	100	NUM
ijtc-1031	170	54	samples	sample	NOUN
ijtc-1031	170	55	)	)	PUNCT
ijtc-1031	170	56	tends	tend	VERB
ijtc-1031	170	57	to	to	PART
ijtc-1031	170	58	have	have	VERB
ijtc-1031	170	59	a	a	DET
ijtc-1031	170	60	distribution	distribution	NOUN
ijtc-1031	170	61	normal	normal	ADJ
ijtc-1031	170	62	data	datum	NOUN
ijtc-1031	170	63	.	.	PUNCT
ijtc-1031	171	1	then	then	ADV
ijtc-1031	171	2	explained	explain	VERB
ijtc-1031	171	3	by	by	ADP
ijtc-1031	171	4	ghozali	ghozali	NOUN
ijtc-1031	171	5	and	and	CCONJ
ijtc-1031	171	6	ratmono	ratmono	PROPN
ijtc-1031	171	7	(	(	PUNCT
ijtc-1031	171	8	2013	2013	NUM
ijtc-1031	171	9	)	)	PUNCT
ijtc-1031	171	10	in	in	ADP
ijtc-1031	171	11	(	(	PUNCT
ijtc-1031	171	12	syah	syah	NOUN
ijtc-1031	171	13	&	&	CCONJ
ijtc-1031	171	14	fachrudin	fachrudin	PROPN
ijtc-1031	171	15	,	,	PUNCT
ijtc-1031	171	16	2020	2020	NUM
ijtc-1031	171	17	)	)	PUNCT
ijtc-1031	171	18	that	that	SCONJ
ijtc-1031	171	19	if	if	SCONJ
ijtc-1031	171	20	the	the	DET
ijtc-1031	171	21	sample	sample	NOUN
ijtc-1031	171	22	size	size	NOUN
ijtc-1031	171	23	is	be	AUX
ijtc-1031	171	24	large	large	ADJ
ijtc-1031	171	25	,	,	PUNCT
ijtc-1031	171	26	then	then	ADV
ijtc-1031	171	27	the	the	DET
ijtc-1031	171	28	assumption	assumption	NOUN
ijtc-1031	171	29	of	of	ADP
ijtc-1031	171	30	normally	normally	ADV
ijtc-1031	171	31	distributed	distribute	VERB
ijtc-1031	171	32	residuals	residual	NOUN
ijtc-1031	171	33	can	can	AUX
ijtc-1031	171	34	be	be	AUX
ijtc-1031	171	35	ignored	ignore	VERB
ijtc-1031	171	36	.	.	PUNCT
ijtc-1031	172	1	the	the	DET
ijtc-1031	172	2	data	datum	NOUN
ijtc-1031	172	3	used	use	VERB
ijtc-1031	172	4	in	in	ADP
ijtc-1031	172	5	this	this	DET
ijtc-1031	172	6	research	research	NOUN
ijtc-1031	172	7	are	be	AUX
ijtc-1031	172	8	150	150	NUM
ijtc-1031	172	9	data	datum	NOUN
ijtc-1031	172	10	samples	sample	NOUN
ijtc-1031	172	11	originating	originate	VERB
ijtc-1031	172	12	from	from	ADP
ijtc-1031	172	13	30	30	NUM
ijtc-1031	172	14	companies	company	NOUN
ijtc-1031	172	15	over	over	ADP
ijtc-1031	172	16	five	five	NUM
ijtc-1031	172	17	years	year	NOUN
ijtc-1031	172	18	so	so	SCONJ
ijtc-1031	172	19	that	that	SCONJ
ijtc-1031	172	20	the	the	DET
ijtc-1031	172	21	residual	residual	ADJ
ijtc-1031	172	22	data	datum	NOUN
ijtc-1031	172	23	for	for	ADP
ijtc-1031	172	24	this	this	DET
ijtc-1031	172	25	research	research	NOUN
ijtc-1031	172	26	can	can	AUX
ijtc-1031	172	27	be	be	AUX
ijtc-1031	172	28	considered	consider	VERB
ijtc-1031	172	29	normally	normally	ADV
ijtc-1031	172	30	distributed	distribute	VERB
ijtc-1031	172	31	.	.	PUNCT
ijtc-1031	173	1	to	to	PART
ijtc-1031	173	2	overcome	overcome	VERB
ijtc-1031	173	3	violations	violation	NOUN
ijtc-1031	173	4	of	of	ADP
ijtc-1031	173	5	the	the	DET
ijtc-1031	173	6	autocorrelation	autocorrelation	NOUN
ijtc-1031	173	7	assumption	assumption	NOUN
ijtc-1031	173	8	according	accord	VERB
ijtc-1031	173	9	to	to	ADP
ijtc-1031	173	10	the	the	DET
ijtc-1031	173	11	explanation	explanation	NOUN
ijtc-1031	173	12	of	of	ADP
ijtc-1031	173	13	(	(	PUNCT
ijtc-1031	173	14	savitri	savitri	X
ijtc-1031	173	15	et	et	PROPN
ijtc-1031	173	16	al	al	PROPN
ijtc-1031	173	17	.	.	PROPN
ijtc-1031	173	18	,	,	PUNCT
ijtc-1031	173	19	2021	2021	NUM
ijtc-1031	173	20	)	)	PUNCT
ijtc-1031	173	21	you	you	PRON
ijtc-1031	173	22	can	can	AUX
ijtc-1031	173	23	add	add	VERB
ijtc-1031	173	24	lag	lag	NOUN
ijtc-1031	173	25	data	datum	NOUN
ijtc-1031	173	26	to	to	ADP
ijtc-1031	173	27	the	the	DET
ijtc-1031	173	28	dependent	dependent	ADJ
ijtc-1031	173	29	variable	variable	NOUN
ijtc-1031	173	30	as	as	ADP
ijtc-1031	173	31	an	an	DET
ijtc-1031	173	32	additional	additional	ADJ
ijtc-1031	173	33	independent	independent	ADJ
ijtc-1031	173	34	variable	variable	NOUN
ijtc-1031	173	35	in	in	ADP
ijtc-1031	173	36	the	the	DET
ijtc-1031	173	37	model	model	NOUN
ijtc-1031	173	38	or	or	CCONJ
ijtc-1031	173	39	use	use	VERB
ijtc-1031	173	40	an	an	DET
ijtc-1031	173	41	ar	ar	NOUN
ijtc-1031	173	42	(	(	PUNCT
ijtc-1031	173	43	autoregressive	autoregressive	ADJ
ijtc-1031	173	44	)	)	PUNCT
ijtc-1031	173	45	model	model	NOUN
ijtc-1031	173	46	.	.	PUNCT
ijtc-1031	174	1	it	it	PRON
ijtc-1031	174	2	is	be	AUX
ijtc-1031	174	3	explained	explain	VERB
ijtc-1031	174	4	that	that	SCONJ
ijtc-1031	174	5	the	the	DET
ijtc-1031	174	6	xtregar	xtregar	NOUN
ijtc-1031	174	7	function	function	NOUN
ijtc-1031	174	8	or	or	CCONJ
ijtc-1031	174	9	command	command	NOUN
ijtc-1031	174	10	can	can	AUX
ijtc-1031	174	11	be	be	AUX
ijtc-1031	174	12	used	use	VERB
ijtc-1031	174	13	to	to	PART
ijtc-1031	174	14	overcome	overcome	VERB
ijtc-1031	174	15	the	the	DET
ijtc-1031	174	16	problem	problem	NOUN
ijtc-1031	174	17	of	of	ADP
ijtc-1031	174	18	assuming	assume	VERB
ijtc-1031	174	19	autocorrelation	autocorrelation	NOUN
ijtc-1031	174	20	.	.	PUNCT
ijtc-1031	175	1	hypothesis	hypothesis	NOUN
ijtc-1031	175	2	testing	testing	NOUN
ijtc-1031	175	3	results	result	NOUN
ijtc-1031	175	4	after	after	SCONJ
ijtc-1031	175	5	the	the	DET
ijtc-1031	175	6	best	good	ADJ
ijtc-1031	175	7	model	model	NOUN
ijtc-1031	175	8	has	have	AUX
ijtc-1031	175	9	been	be	AUX
ijtc-1031	175	10	selected	select	VERB
ijtc-1031	175	11	and	and	CCONJ
ijtc-1031	175	12	has	have	AUX
ijtc-1031	175	13	gone	go	VERB
ijtc-1031	175	14	through	through	ADP
ijtc-1031	175	15	classical	classical	ADJ
ijtc-1031	175	16	assumption	assumption	NOUN
ijtc-1031	175	17	testing	testing	NOUN
ijtc-1031	175	18	,	,	PUNCT
ijtc-1031	175	19	hypothesis	hypothesis	NOUN
ijtc-1031	175	20	testing	testing	NOUN
ijtc-1031	175	21	is	be	AUX
ijtc-1031	175	22	carried	carry	VERB
ijtc-1031	175	23	out	out	ADP
ijtc-1031	175	24	on	on	ADP
ijtc-1031	175	25	the	the	DET
ijtc-1031	175	26	best	good	ADJ
ijtc-1031	175	27	model	model	NOUN
ijtc-1031	175	28	that	that	PRON
ijtc-1031	175	29	has	have	AUX
ijtc-1031	175	30	been	be	AUX
ijtc-1031	175	31	selected	select	VERB
ijtc-1031	175	32	.	.	PUNCT
ijtc-1031	176	1	by	by	ADP
ijtc-1031	176	2	using	use	VERB
ijtc-1031	176	3	the	the	DET
ijtc-1031	176	4	stata	stata	NOUN
ijtc-1031	176	5	16	16	NUM
ijtc-1031	176	6	application	application	NOUN
ijtc-1031	176	7	,	,	PUNCT
ijtc-1031	176	8	the	the	DET
ijtc-1031	176	9	re	re	PROPN
ijtc-1031	176	10	model	model	NOUN
ijtc-1031	176	11	was	be	AUX
ijtc-1031	176	12	obtained	obtain	VERB
ijtc-1031	176	13	with	with	ADP
ijtc-1031	176	14	the	the	DET
ijtc-1031	176	15	xtregar	xtregar	NOUN
ijtc-1031	176	16	command	command	NOUN
ijtc-1031	176	17	with	with	ADP
ijtc-1031	176	18	an	an	DET
ijtc-1031	176	19	adjusted	adjusted	ADJ
ijtc-1031	176	20	r2	r2	NOUN
ijtc-1031	176	21	of	of	ADP
ijtc-1031	176	22	0.91	0.91	NUM
ijtc-1031	176	23	.	.	PUNCT
ijtc-1031	177	1	this	this	PRON
ijtc-1031	177	2	means	mean	VERB
ijtc-1031	177	3	that	that	SCONJ
ijtc-1031	177	4	the	the	DET
ijtc-1031	177	5	dividends	dividend	NOUN
ijtc-1031	177	6	paid	pay	VERB
ijtc-1031	177	7	can	can	AUX
ijtc-1031	177	8	be	be	AUX
ijtc-1031	177	9	explained	explain	VERB
ijtc-1031	177	10	as	as	ADP
ijtc-1031	177	11	91	91	NUM
ijtc-1031	177	12	%	%	NOUN
ijtc-1031	177	13	with	with	ADP
ijtc-1031	177	14	the	the	DET
ijtc-1031	177	15	dividend	dividend	NOUN
ijtc-1031	177	16	exclusion	exclusion	NOUN
ijtc-1031	177	17	policy	policy	NOUN
ijtc-1031	177	18	as	as	ADP
ijtc-1031	177	19	an	an	DET
ijtc-1031	177	20	object	object	NOUN
ijtc-1031	177	21	of	of	ADP
ijtc-1031	177	22	pph	pph	PROPN
ijtc-1031	177	23	,	,	PUNCT
ijtc-1031	177	24	net	net	ADJ
ijtc-1031	177	25	profit	profit	NOUN
ijtc-1031	177	26	,	,	PUNCT
ijtc-1031	177	27	roa	roa	PROPN
ijtc-1031	177	28	,	,	PUNCT
ijtc-1031	177	29	free	free	ADJ
ijtc-1031	177	30	cash	cash	NOUN
ijtc-1031	177	31	flow	flow	NOUN
ijtc-1031	177	32	,	,	PUNCT
ijtc-1031	177	33	and	and	CCONJ
ijtc-1031	177	34	der	der	NOUN
ijtc-1031	177	35	.	.	PUNCT
ijtc-1031	178	1	meanwhile	meanwhile	ADV
ijtc-1031	178	2	,	,	PUNCT
ijtc-1031	178	3	the	the	DET
ijtc-1031	178	4	remaining	remain	VERB
ijtc-1031	178	5	9	9	NUM
ijtc-1031	178	6	%	%	NOUN
ijtc-1031	178	7	is	be	AUX
ijtc-1031	178	8	influenced	influence	VERB
ijtc-1031	178	9	by	by	ADP
ijtc-1031	178	10	other	other	ADJ
ijtc-1031	178	11	variables	variable	NOUN
ijtc-1031	178	12	outside	outside	ADP
ijtc-1031	178	13	the	the	DET
ijtc-1031	178	14	model	model	NOUN
ijtc-1031	178	15	.	.	PUNCT
ijtc-1031	179	1	the	the	DET
ijtc-1031	179	2	following	follow	VERB
ijtc-1031	179	3	are	be	AUX
ijtc-1031	179	4	the	the	DET
ijtc-1031	179	5	results	result	NOUN
ijtc-1031	179	6	of	of	ADP
ijtc-1031	179	7	hypothesis	hypothesis	NOUN
ijtc-1031	179	8	testing	testing	NOUN
ijtc-1031	179	9	on	on	ADP
ijtc-1031	179	10	the	the	DET
ijtc-1031	179	11	best	good	ADJ
ijtc-1031	179	12	model	model	NOUN
ijtc-1031	179	13	that	that	PRON
ijtc-1031	179	14	has	have	AUX
ijtc-1031	179	15	been	be	AUX
ijtc-1031	179	16	carried	carry	VERB
ijtc-1031	179	17	out	out	ADP
ijtc-1031	179	18	:	:	PUNCT
ijtc-1031	179	19	indicator	indicator	NOUN
ijtc-1031	179	20	prob	prob	NOUN
ijtc-1031	179	21	value	value	NOUN
ijtc-1031	179	22	coefficient	coefficient	NOUN
ijtc-1031	179	23	describe	describe	VERB
ijtc-1031	179	24	r2	r2	PROPN
ijtc-1031	179	25	0,909	0,909	NUM
ijtc-1031	179	26	significant	significant	ADJ
ijtc-1031	179	27	f	f	PROPN
ijtc-1031	179	28	simultant	simultant	ADJ
ijtc-1031	179	29	test	test	NOUN
ijtc-1031	179	30	0,000	0,000	NUM
ijtc-1031	179	31	significant	significant	ADJ
ijtc-1031	179	32	dividend	dividend	NOUN
ijtc-1031	179	33	exclusion	exclusion	NOUN
ijtc-1031	179	34	policy	policy	NOUN
ijtc-1031	179	35	0,274	0,274	NUM
ijtc-1031	179	36	314,815	314,815	NUM
ijtc-1031	179	37	not	not	PART
ijtc-1031	179	38	significant	significant	ADJ
ijtc-1031	179	39	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-1031	179	40	the	the	DET
ijtc-1031	179	41	influence	influence	NOUN
ijtc-1031	179	42	of	of	ADP
ijtc-1031	179	43	tax	tax	NOUN
ijtc-1031	179	44	exclusion	exclusion	NOUN
ijtc-1031	179	45	policies	policy	NOUN
ijtc-1031	179	46	and	and	CCONJ
ijtc-1031	179	47	other	other	ADJ
ijtc-1031	179	48	factors	factor	NOUN
ijtc-1031	179	49	on	on	ADP
ijtc-1031	179	50	the	the	DET
ijtc-1031	179	51	value	value	NOUN
ijtc-1031	179	52	of	of	ADP
ijtc-1031	179	53	dividends	dividend	NOUN
ijtc-1031	179	54	paid	pay	VERB
ijtc-1031	179	55	by	by	ADP
ijtc-1031	179	56	public	public	ADJ
ijtc-1031	179	57	companies	company	NOUN
ijtc-1031	179	58	in	in	ADP
ijtc-1031	179	59	indonesia	indonesia	PROPN
ijtc-1031	179	60	rizal	rizal	PROPN
ijtc-1031	179	61	,	,	PUNCT
ijtc-1031	179	62	supriyadi	supriyadi	NOUN
ijtc-1031	179	63	,	,	PUNCT
ijtc-1031	179	64	and	and	CCONJ
ijtc-1031	179	65	fachrudin	fachrudin	VERB
ijtc-1031	179	66	155	155	NUM
ijtc-1031	179	67	|	|	CCONJ
ijtc-1031	179	68	ilomata	ilomata	PROPN
ijtc-1031	179	69	international	international	ADJ
ijtc-1031	179	70	journal	journal	NOUN
ijtc-1031	179	71	of	of	ADP
ijtc-1031	179	72	tax	tax	PROPN
ijtc-1031	179	73	&	&	CCONJ
ijtc-1031	179	74	accounting	accounting	PROPN
ijtc-1031	179	75	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-1031	179	76	indicator	indicator	NOUN
ijtc-1031	179	77	prob	prob	NOUN
ijtc-1031	179	78	value	value	NOUN
ijtc-1031	179	79	coefficient	coefficient	NOUN
ijtc-1031	179	80	describe	describe	VERB
ijtc-1031	179	81	net	net	ADJ
ijtc-1031	179	82	income	income	NOUN
ijtc-1031	179	83	0,000	0,000	NUM
ijtc-1031	179	84	0,495	0,495	NUM
ijtc-1031	179	85	significant	significant	ADJ
ijtc-1031	179	86	roa	roa	NOUN
ijtc-1031	179	87	0,001	0,001	NUM
ijtc-1031	179	88	67,404	67,404	NUM
ijtc-1031	179	89	significant	significant	ADJ
ijtc-1031	179	90	free	free	ADJ
ijtc-1031	179	91	cash	cash	NOUN
ijtc-1031	179	92	flow	flow	NOUN
ijtc-1031	179	93	0,041	0,041	NUM
ijtc-1031	179	94	0,016	0,016	NUM
ijtc-1031	179	95	significant	significant	ADJ
ijtc-1031	179	96	der	der	NOUN
ijtc-1031	179	97	0,581	0,581	NUM
ijtc-1031	179	98	78,973	78,973	NUM
ijtc-1031	179	99	not	not	PART
ijtc-1031	179	100	significant	significant	ADJ
ijtc-1031	179	101	apart	apart	ADV
ijtc-1031	179	102	from	from	ADP
ijtc-1031	179	103	showing	show	VERB
ijtc-1031	179	104	the	the	DET
ijtc-1031	179	105	adjusted	adjust	VERB
ijtc-1031	179	106	r2	r2	NOUN
ijtc-1031	179	107	results	result	NOUN
ijtc-1031	179	108	,	,	PUNCT
ijtc-1031	179	109	table	table	NOUN
ijtc-1031	179	110	above	above	ADV
ijtc-1031	179	111	also	also	ADV
ijtc-1031	179	112	shows	show	VERB
ijtc-1031	179	113	that	that	SCONJ
ijtc-1031	179	114	simultaneously	simultaneously	ADV
ijtc-1031	179	115	the	the	DET
ijtc-1031	179	116	independent	independent	ADJ
ijtc-1031	179	117	variables	variable	NOUN
ijtc-1031	179	118	used	use	VERB
ijtc-1031	179	119	can	can	AUX
ijtc-1031	179	120	explain	explain	VERB
ijtc-1031	179	121	changes	change	NOUN
ijtc-1031	179	122	in	in	ADP
ijtc-1031	179	123	the	the	DET
ijtc-1031	179	124	dependent	dependent	ADJ
ijtc-1031	179	125	variable	variable	NOUN
ijtc-1031	179	126	.	.	PUNCT
ijtc-1031	180	1	this	this	PRON
ijtc-1031	180	2	is	be	AUX
ijtc-1031	180	3	shown	show	VERB
ijtc-1031	180	4	through	through	ADP
ijtc-1031	180	5	the	the	DET
ijtc-1031	180	6	f	f	PROPN
ijtc-1031	180	7	test	test	NOUN
ijtc-1031	180	8	or	or	CCONJ
ijtc-1031	180	9	simultaneous	simultaneous	ADJ
ijtc-1031	180	10	significance	significance	NOUN
ijtc-1031	180	11	test	test	NOUN
ijtc-1031	180	12	which	which	PRON
ijtc-1031	180	13	shows	show	VERB
ijtc-1031	180	14	that	that	SCONJ
ijtc-1031	180	15	the	the	DET
ijtc-1031	180	16	prob	prob	NOUN
ijtc-1031	180	17	value	value	NOUN
ijtc-1031	180	18	>	>	X
ijtc-1031	180	19	f	f	PROPN
ijtc-1031	181	1	=	=	PUNCT
ijtc-1031	181	2	0.00	0.00	NUM
ijtc-1031	181	3	or	or	CCONJ
ijtc-1031	181	4	less	less	ADJ
ijtc-1031	181	5	than	than	ADP
ijtc-1031	181	6	0.05	0.05	NUM
ijtc-1031	181	7	and	and	CCONJ
ijtc-1031	181	8	rejects	reject	VERB
ijtc-1031	181	9	h0	h0	VERB
ijtc-1031	181	10	so	so	SCONJ
ijtc-1031	181	11	that	that	SCONJ
ijtc-1031	181	12	all	all	PRON
ijtc-1031	181	13	or	or	CCONJ
ijtc-1031	181	14	some	some	PRON
ijtc-1031	181	15	of	of	ADP
ijtc-1031	181	16	the	the	DET
ijtc-1031	181	17	independent	independent	ADJ
ijtc-1031	181	18	variables	variable	NOUN
ijtc-1031	181	19	have	have	VERB
ijtc-1031	181	20	a	a	DET
ijtc-1031	181	21	significant	significant	ADJ
ijtc-1031	181	22	effect	effect	NOUN
ijtc-1031	181	23	on	on	ADP
ijtc-1031	181	24	the	the	DET
ijtc-1031	181	25	dependent	dependent	ADJ
ijtc-1031	181	26	variable	variable	NOUN
ijtc-1031	181	27	used	use	VERB
ijtc-1031	181	28	.	.	PUNCT
ijtc-1031	182	1	if	if	SCONJ
ijtc-1031	182	2	the	the	DET
ijtc-1031	182	3	f	f	PROPN
ijtc-1031	182	4	test	test	NOUN
ijtc-1031	182	5	is	be	AUX
ijtc-1031	182	6	used	use	VERB
ijtc-1031	182	7	to	to	PART
ijtc-1031	182	8	test	test	VERB
ijtc-1031	182	9	independent	independent	ADJ
ijtc-1031	182	10	variables	variable	NOUN
ijtc-1031	182	11	simultaneously	simultaneously	ADV
ijtc-1031	182	12	,	,	PUNCT
ijtc-1031	182	13	the	the	DET
ijtc-1031	182	14	t	t	NOUN
ijtc-1031	182	15	-	-	PUNCT
ijtc-1031	182	16	test	test	NOUN
ijtc-1031	182	17	or	or	CCONJ
ijtc-1031	182	18	individual	individual	ADJ
ijtc-1031	182	19	(	(	PUNCT
ijtc-1031	182	20	partial	partial	ADJ
ijtc-1031	182	21	)	)	PUNCT
ijtc-1031	182	22	significance	significance	NOUN
ijtc-1031	182	23	test	test	NOUN
ijtc-1031	182	24	is	be	AUX
ijtc-1031	182	25	used	use	VERB
ijtc-1031	182	26	to	to	PART
ijtc-1031	182	27	determine	determine	VERB
ijtc-1031	182	28	the	the	DET
ijtc-1031	182	29	influence	influence	NOUN
ijtc-1031	182	30	,	,	PUNCT
ijtc-1031	182	31	significant	significant	ADJ
ijtc-1031	182	32	or	or	CCONJ
ijtc-1031	182	33	not	not	PART
ijtc-1031	182	34	,	,	PUNCT
ijtc-1031	182	35	of	of	ADP
ijtc-1031	182	36	each	each	DET
ijtc-1031	182	37	independent	independent	ADJ
ijtc-1031	182	38	variable	variable	NOUN
ijtc-1031	182	39	used	use	VERB
ijtc-1031	182	40	on	on	ADP
ijtc-1031	182	41	the	the	DET
ijtc-1031	182	42	dependent	dependent	ADJ
ijtc-1031	182	43	variable	variable	NOUN
ijtc-1031	182	44	.	.	PUNCT
ijtc-1031	183	1	based	base	VERB
ijtc-1031	183	2	on	on	ADP
ijtc-1031	183	3	the	the	DET
ijtc-1031	183	4	table	table	NOUN
ijtc-1031	183	5	above	above	ADV
ijtc-1031	183	6	,	,	PUNCT
ijtc-1031	183	7	at	at	ADP
ijtc-1031	183	8	a	a	DET
ijtc-1031	183	9	significance	significance	NOUN
ijtc-1031	183	10	level	level	NOUN
ijtc-1031	183	11	of	of	ADP
ijtc-1031	183	12	95	95	NUM
ijtc-1031	183	13	%	%	NOUN
ijtc-1031	183	14	,	,	PUNCT
ijtc-1031	183	15	the	the	DET
ijtc-1031	183	16	independent	independent	ADJ
ijtc-1031	183	17	variable	variable	NOUN
ijtc-1031	183	18	,	,	PUNCT
ijtc-1031	183	19	the	the	DET
ijtc-1031	183	20	dividend	dividend	NOUN
ijtc-1031	183	21	exclusion	exclusion	NOUN
ijtc-1031	183	22	policy	policy	NOUN
ijtc-1031	183	23	as	as	ADP
ijtc-1031	183	24	an	an	DET
ijtc-1031	183	25	income	income	NOUN
ijtc-1031	183	26	tax	tax	NOUN
ijtc-1031	183	27	object	object	NOUN
ijtc-1031	183	28	,	,	PUNCT
ijtc-1031	183	29	has	have	VERB
ijtc-1031	183	30	an	an	DET
ijtc-1031	183	31	insignificant	insignificant	ADJ
ijtc-1031	183	32	effect	effect	NOUN
ijtc-1031	183	33	on	on	ADP
ijtc-1031	183	34	the	the	DET
ijtc-1031	183	35	dividends	dividend	NOUN
ijtc-1031	183	36	paid	pay	VERB
ijtc-1031	183	37	by	by	ADP
ijtc-1031	183	38	a	a	DET
ijtc-1031	183	39	company	company	NOUN
ijtc-1031	183	40	listed	list	VERB
ijtc-1031	183	41	on	on	ADP
ijtc-1031	183	42	the	the	DET
ijtc-1031	183	43	idx	idx	PROPN
ijtc-1031	183	44	.	.	PUNCT
ijtc-1031	184	1	meanwhile	meanwhile	ADV
ijtc-1031	184	2	,	,	PUNCT
ijtc-1031	184	3	other	other	ADJ
ijtc-1031	184	4	independent	independent	ADJ
ijtc-1031	184	5	variables	variable	NOUN
ijtc-1031	184	6	in	in	ADP
ijtc-1031	184	7	the	the	DET
ijtc-1031	184	8	form	form	NOUN
ijtc-1031	184	9	of	of	ADP
ijtc-1031	184	10	net	net	ADJ
ijtc-1031	184	11	profit	profit	NOUN
ijtc-1031	184	12	,	,	PUNCT
ijtc-1031	184	13	roa	roa	PROPN
ijtc-1031	184	14	,	,	PUNCT
ijtc-1031	184	15	and	and	CCONJ
ijtc-1031	184	16	free	free	ADJ
ijtc-1031	184	17	cash	cash	NOUN
ijtc-1031	184	18	flow	flow	NOUN
ijtc-1031	184	19	individually	individually	ADV
ijtc-1031	184	20	have	have	VERB
ijtc-1031	184	21	a	a	DET
ijtc-1031	184	22	significant	significant	ADJ
ijtc-1031	184	23	effect	effect	NOUN
ijtc-1031	184	24	on	on	ADP
ijtc-1031	184	25	the	the	DET
ijtc-1031	184	26	dependent	dependent	ADJ
ijtc-1031	184	27	variable	variable	NOUN
ijtc-1031	184	28	(	(	PUNCT
ijtc-1031	184	29	α	α	NOUN
ijtc-1031	184	30	=	=	SYM
ijtc-1031	184	31	5	5	NUM
ijtc-1031	184	32	%	%	NOUN
ijtc-1031	184	33	)	)	PUNCT
ijtc-1031	184	34	.	.	PUNCT
ijtc-1031	185	1	it	it	PRON
ijtc-1031	185	2	is	be	AUX
ijtc-1031	185	3	noted	note	VERB
ijtc-1031	185	4	that	that	SCONJ
ijtc-1031	185	5	apart	apart	ADV
ijtc-1031	185	6	from	from	ADP
ijtc-1031	185	7	the	the	DET
ijtc-1031	185	8	dividend	dividend	NOUN
ijtc-1031	185	9	exclusion	exclusion	NOUN
ijtc-1031	185	10	variable	variable	NOUN
ijtc-1031	185	11	as	as	ADP
ijtc-1031	185	12	an	an	DET
ijtc-1031	185	13	income	income	NOUN
ijtc-1031	185	14	tax	tax	NOUN
ijtc-1031	185	15	object	object	NOUN
ijtc-1031	185	16	,	,	PUNCT
ijtc-1031	185	17	the	the	DET
ijtc-1031	185	18	der	der	ADJ
ijtc-1031	185	19	variable	variable	NOUN
ijtc-1031	185	20	also	also	ADV
ijtc-1031	185	21	partially	partially	ADV
ijtc-1031	185	22	has	have	VERB
ijtc-1031	185	23	no	no	DET
ijtc-1031	185	24	significant	significant	ADJ
ijtc-1031	185	25	effect	effect	NOUN
ijtc-1031	185	26	on	on	ADP
ijtc-1031	185	27	the	the	DET
ijtc-1031	185	28	dependent	dependent	ADJ
ijtc-1031	185	29	variable	variable	NOUN
ijtc-1031	185	30	,	,	PUNCT
ijtc-1031	185	31	with	with	ADP
ijtc-1031	185	32	α	α	PROPN
ijtc-1031	185	33	>	>	X
ijtc-1031	185	34	5	5	NUM
ijtc-1031	185	35	%	%	NOUN
ijtc-1031	185	36	,	,	PUNCT
ijtc-1031	185	37	to	to	PART
ijtc-1031	185	38	be	be	AUX
ijtc-1031	185	39	precise	precise	ADJ
ijtc-1031	185	40	58.1	58.1	NUM
ijtc-1031	185	41	%	%	NOUN
ijtc-1031	185	42	.	.	PUNCT
ijtc-1031	186	1	based	base	VERB
ijtc-1031	186	2	on	on	ADP
ijtc-1031	186	3	the	the	DET
ijtc-1031	186	4	results	result	NOUN
ijtc-1031	186	5	of	of	ADP
ijtc-1031	186	6	determining	determine	VERB
ijtc-1031	186	7	the	the	DET
ijtc-1031	186	8	best	good	ADJ
ijtc-1031	186	9	model	model	NOUN
ijtc-1031	186	10	,	,	PUNCT
ijtc-1031	186	11	classical	classical	ADJ
ijtc-1031	186	12	assumption	assumption	NOUN
ijtc-1031	186	13	testing	testing	NOUN
ijtc-1031	186	14	,	,	PUNCT
ijtc-1031	186	15	and	and	CCONJ
ijtc-1031	186	16	hypothesis	hypothesis	NOUN
ijtc-1031	186	17	testing	testing	NOUN
ijtc-1031	186	18	,	,	PUNCT
ijtc-1031	186	19	the	the	DET
ijtc-1031	186	20	best	well	ADV
ijtc-1031	186	21	estimated	estimate	VERB
ijtc-1031	186	22	equation	equation	NOUN
ijtc-1031	186	23	obtained	obtain	VERB
ijtc-1031	186	24	is	be	AUX
ijtc-1031	186	25	as	as	SCONJ
ijtc-1031	186	26	follows	follow	VERB
ijtc-1031	186	27	:	:	PUNCT
ijtc-1031	186	28	𝑌𝑖𝑡	𝑌𝑖𝑡	NOUN
ijtc-1031	186	29	=	=	SYM
ijtc-1031	186	30	−741,339	−741,339	PROPN
ijtc-1031	186	31	+	+	CCONJ
ijtc-1031	186	32	0,495𝑁𝐼𝑖𝑡	0,495𝑁𝐼𝑖𝑡	X
ijtc-1031	187	1	+	+	PUNCT
ijtc-1031	188	1	67,404𝑅𝑂𝐴𝑖𝑡	67,404𝑅𝑂𝐴𝑖𝑡	NUM
ijtc-1031	188	2	+	+	NUM
ijtc-1031	188	3	0,016𝐹𝐶𝐹𝑖𝑡	0,016𝐹𝐶𝐹𝑖𝑡	NUM
ijtc-1031	188	4	(	(	PUNCT
ijtc-1031	188	5	2	2	X
ijtc-1031	188	6	)	)	PUNCT
ijtc-1031	188	7	based	base	VERB
ijtc-1031	188	8	on	on	ADP
ijtc-1031	188	9	the	the	DET
ijtc-1031	188	10	results	result	NOUN
ijtc-1031	188	11	of	of	ADP
ijtc-1031	188	12	the	the	DET
ijtc-1031	188	13	best	good	ADJ
ijtc-1031	188	14	model	model	NOUN
ijtc-1031	188	15	test	test	NOUN
ijtc-1031	188	16	,	,	PUNCT
ijtc-1031	188	17	classical	classical	ADJ
ijtc-1031	188	18	assumption	assumption	NOUN
ijtc-1031	188	19	test	test	NOUN
ijtc-1031	188	20	,	,	PUNCT
ijtc-1031	188	21	and	and	CCONJ
ijtc-1031	188	22	hypothesis	hypothesis	NOUN
ijtc-1031	188	23	test	test	NOUN
ijtc-1031	188	24	,	,	PUNCT
ijtc-1031	188	25	in	in	ADP
ijtc-1031	188	26	general	general	ADJ
ijtc-1031	188	27	,	,	PUNCT
ijtc-1031	188	28	it	it	PRON
ijtc-1031	188	29	can	can	AUX
ijtc-1031	188	30	be	be	AUX
ijtc-1031	188	31	stated	state	VERB
ijtc-1031	188	32	that	that	SCONJ
ijtc-1031	188	33	the	the	DET
ijtc-1031	188	34	dividend	dividend	NOUN
ijtc-1031	188	35	exclusion	exclusion	NOUN
ijtc-1031	188	36	policy	policy	NOUN
ijtc-1031	188	37	as	as	ADP
ijtc-1031	188	38	an	an	DET
ijtc-1031	188	39	income	income	NOUN
ijtc-1031	188	40	tax	tax	NOUN
ijtc-1031	188	41	object	object	NOUN
ijtc-1031	188	42	does	do	AUX
ijtc-1031	188	43	not	not	PART
ijtc-1031	188	44	significantly	significantly	ADV
ijtc-1031	188	45	affect	affect	VERB
ijtc-1031	188	46	dividend	dividend	NOUN
ijtc-1031	188	47	payments	payment	NOUN
ijtc-1031	188	48	by	by	ADP
ijtc-1031	188	49	the	the	DET
ijtc-1031	188	50	company	company	NOUN
ijtc-1031	188	51	.	.	PUNCT
ijtc-1031	189	1	apart	apart	ADV
ijtc-1031	189	2	from	from	ADP
ijtc-1031	189	3	these	these	DET
ijtc-1031	189	4	variables	variable	NOUN
ijtc-1031	189	5	,	,	PUNCT
ijtc-1031	189	6	other	other	ADJ
ijtc-1031	189	7	independent	independent	ADJ
ijtc-1031	189	8	variables	variable	NOUN
ijtc-1031	189	9	in	in	ADP
ijtc-1031	189	10	the	the	DET
ijtc-1031	189	11	form	form	NOUN
ijtc-1031	189	12	of	of	ADP
ijtc-1031	189	13	net	net	ADJ
ijtc-1031	189	14	profit	profit	NOUN
ijtc-1031	189	15	,	,	PUNCT
ijtc-1031	189	16	roa	roa	PROPN
ijtc-1031	189	17	,	,	PUNCT
ijtc-1031	189	18	and	and	CCONJ
ijtc-1031	189	19	free	free	ADJ
ijtc-1031	189	20	cash	cash	NOUN
ijtc-1031	189	21	flow	flow	NOUN
ijtc-1031	189	22	of	of	ADP
ijtc-1031	189	23	the	the	DET
ijtc-1031	189	24	company	company	NOUN
ijtc-1031	189	25	have	have	VERB
ijtc-1031	189	26	a	a	DET
ijtc-1031	189	27	significant	significant	ADJ
ijtc-1031	189	28	effect	effect	NOUN
ijtc-1031	189	29	on	on	ADP
ijtc-1031	189	30	dividends	dividend	NOUN
ijtc-1031	189	31	paid	pay	VERB
ijtc-1031	189	32	by	by	ADP
ijtc-1031	189	33	public	public	ADJ
ijtc-1031	189	34	companies	company	NOUN
ijtc-1031	189	35	in	in	ADP
ijtc-1031	189	36	indonesia	indonesia	PROPN
ijtc-1031	189	37	.	.	PUNCT
ijtc-1031	190	1	based	base	VERB
ijtc-1031	190	2	on	on	ADP
ijtc-1031	190	3	the	the	DET
ijtc-1031	190	4	research	research	NOUN
ijtc-1031	190	5	that	that	PRON
ijtc-1031	190	6	has	have	AUX
ijtc-1031	190	7	been	be	AUX
ijtc-1031	190	8	conducted	conduct	VERB
ijtc-1031	190	9	at	at	ADP
ijtc-1031	190	10	a	a	DET
ijtc-1031	190	11	glance	glance	NOUN
ijtc-1031	190	12	,	,	PUNCT
ijtc-1031	190	13	it	it	PRON
ijtc-1031	190	14	appears	appear	VERB
ijtc-1031	190	15	that	that	SCONJ
ijtc-1031	190	16	the	the	DET
ijtc-1031	190	17	results	result	NOUN
ijtc-1031	190	18	of	of	ADP
ijtc-1031	190	19	the	the	DET
ijtc-1031	190	20	research	research	NOUN
ijtc-1031	190	21	conducted	conduct	VERB
ijtc-1031	190	22	are	be	AUX
ijtc-1031	190	23	different	different	ADJ
ijtc-1031	190	24	from	from	ADP
ijtc-1031	190	25	several	several	ADJ
ijtc-1031	190	26	previous	previous	ADJ
ijtc-1031	190	27	studies	study	NOUN
ijtc-1031	190	28	,	,	PUNCT
ijtc-1031	190	29	especially	especially	ADV
ijtc-1031	190	30	research	research	NOUN
ijtc-1031	190	31	related	relate	VERB
ijtc-1031	190	32	to	to	ADP
ijtc-1031	190	33	the	the	DET
ijtc-1031	190	34	effect	effect	NOUN
ijtc-1031	190	35	of	of	ADP
ijtc-1031	190	36	reducing	reduce	VERB
ijtc-1031	190	37	the	the	DET
ijtc-1031	190	38	dividend	dividend	NOUN
ijtc-1031	190	39	tax	tax	NOUN
ijtc-1031	190	40	rate	rate	NOUN
ijtc-1031	190	41	on	on	ADP
ijtc-1031	190	42	dividends	dividend	NOUN
ijtc-1031	190	43	paid	pay	VERB
ijtc-1031	190	44	by	by	ADP
ijtc-1031	190	45	companies	company	NOUN
ijtc-1031	190	46	and/or	and/or	CCONJ
ijtc-1031	190	47	investments	investment	NOUN
ijtc-1031	190	48	made	make	VERB
ijtc-1031	190	49	by	by	ADP
ijtc-1031	190	50	yu	yu	PROPN
ijtc-1031	190	51	et	et	PROPN
ijtc-1031	190	52	al	al	PROPN
ijtc-1031	190	53	.	.	PROPN
ijtc-1031	191	1	(	(	PUNCT
ijtc-1031	191	2	2021	2021	NUM
ijtc-1031	191	3	)	)	PUNCT
ijtc-1031	191	4	and	and	CCONJ
ijtc-1031	191	5	yagan	yagan	VERB
ijtc-1031	191	6	(	(	PUNCT
ijtc-1031	191	7	2018	2018	NUM
ijtc-1031	191	8	)	)	PUNCT
ijtc-1031	191	9	.	.	PUNCT
ijtc-1031	192	1	however	however	ADV
ijtc-1031	192	2	,	,	PUNCT
ijtc-1031	192	3	the	the	DET
ijtc-1031	192	4	results	result	NOUN
ijtc-1031	192	5	of	of	ADP
ijtc-1031	192	6	the	the	DET
ijtc-1031	192	7	research	research	NOUN
ijtc-1031	192	8	that	that	PRON
ijtc-1031	192	9	has	have	AUX
ijtc-1031	192	10	been	be	AUX
ijtc-1031	192	11	carried	carry	VERB
ijtc-1031	192	12	out	out	ADP
ijtc-1031	192	13	are	be	AUX
ijtc-1031	192	14	actually	actually	ADV
ijtc-1031	192	15	in	in	ADP
ijtc-1031	192	16	line	line	NOUN
ijtc-1031	192	17	with	with	ADP
ijtc-1031	192	18	the	the	DET
ijtc-1031	192	19	research	research	NOUN
ijtc-1031	192	20	results	result	NOUN
ijtc-1031	192	21	of	of	ADP
ijtc-1031	192	22	yu	yu	PROPN
ijtc-1031	192	23	et	et	PROPN
ijtc-1031	192	24	al	al	PROPN
ijtc-1031	192	25	.	.	PROPN
ijtc-1031	193	1	(	(	PUNCT
ijtc-1031	193	2	2021	2021	NUM
ijtc-1031	193	3	)	)	PUNCT
ijtc-1031	193	4	and	and	CCONJ
ijtc-1031	193	5	yagan	yagan	VERB
ijtc-1031	193	6	(	(	PUNCT
ijtc-1031	193	7	2018	2018	NUM
ijtc-1031	193	8	)	)	PUNCT
ijtc-1031	193	9	.	.	PUNCT
ijtc-1031	194	1	the	the	DET
ijtc-1031	194	2	results	result	NOUN
ijtc-1031	194	3	of	of	ADP
ijtc-1031	194	4	this	this	DET
ijtc-1031	194	5	research	research	NOUN
ijtc-1031	194	6	can	can	AUX
ijtc-1031	194	7	also	also	ADV
ijtc-1031	194	8	be	be	AUX
ijtc-1031	194	9	explained	explain	VERB
ijtc-1031	194	10	by	by	ADP
ijtc-1031	194	11	referring	refer	VERB
ijtc-1031	194	12	to	to	ADP
ijtc-1031	194	13	the	the	DET
ijtc-1031	194	14	two	two	NUM
ijtc-1031	194	15	studies	study	NOUN
ijtc-1031	194	16	used	use	VERB
ijtc-1031	194	17	as	as	ADP
ijtc-1031	194	18	references	reference	NOUN
ijtc-1031	194	19	.	.	PUNCT
ijtc-1031	195	1	firstly	firstly	ADV
ijtc-1031	195	2	,	,	PUNCT
ijtc-1031	195	3	it	it	PRON
ijtc-1031	195	4	must	must	AUX
ijtc-1031	195	5	be	be	AUX
ijtc-1031	195	6	realized	realize	VERB
ijtc-1031	195	7	that	that	SCONJ
ijtc-1031	195	8	the	the	DET
ijtc-1031	195	9	exception	exception	NOUN
ijtc-1031	195	10	of	of	ADP
ijtc-1031	195	11	dividends	dividend	NOUN
ijtc-1031	195	12	as	as	ADP
ijtc-1031	195	13	an	an	DET
ijtc-1031	195	14	income	income	NOUN
ijtc-1031	195	15	tax	tax	NOUN
ijtc-1031	195	16	object	object	NOUN
ijtc-1031	195	17	which	which	PRON
ijtc-1031	195	18	can	can	AUX
ijtc-1031	195	19	be	be	AUX
ijtc-1031	195	20	said	say	VERB
ijtc-1031	195	21	to	to	PART
ijtc-1031	195	22	be	be	AUX
ijtc-1031	195	23	a	a	DET
ijtc-1031	195	24	reduction	reduction	NOUN
ijtc-1031	195	25	in	in	ADP
ijtc-1031	195	26	the	the	DET
ijtc-1031	195	27	dividend	dividend	NOUN
ijtc-1031	195	28	tax	tax	NOUN
ijtc-1031	195	29	rate	rate	NOUN
ijtc-1031	195	30	requires	require	VERB
ijtc-1031	195	31	certain	certain	ADJ
ijtc-1031	195	32	conditions	condition	NOUN
ijtc-1031	195	33	,	,	PUNCT
ijtc-1031	195	34	one	one	NUM
ijtc-1031	195	35	of	of	ADP
ijtc-1031	195	36	which	which	PRON
ijtc-1031	195	37	can	can	AUX
ijtc-1031	195	38	only	only	ADV
ijtc-1031	195	39	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	DET
ijtc-1031	195	40	the	the	DET
ijtc-1031	195	41	influence	influence	NOUN
ijtc-1031	195	42	of	of	ADP
ijtc-1031	195	43	tax	tax	NOUN
ijtc-1031	195	44	exclusion	exclusion	NOUN
ijtc-1031	195	45	policies	policy	NOUN
ijtc-1031	195	46	and	and	CCONJ
ijtc-1031	195	47	other	other	ADJ
ijtc-1031	195	48	factors	factor	NOUN
ijtc-1031	195	49	on	on	ADP
ijtc-1031	195	50	the	the	DET
ijtc-1031	195	51	value	value	NOUN
ijtc-1031	195	52	of	of	ADP
ijtc-1031	195	53	dividends	dividend	NOUN
ijtc-1031	195	54	paid	pay	VERB
ijtc-1031	195	55	by	by	ADP
ijtc-1031	195	56	public	public	ADJ
ijtc-1031	195	57	companies	company	NOUN
ijtc-1031	195	58	in	in	ADP
ijtc-1031	195	59	indonesia	indonesia	PROPN
ijtc-1031	195	60	rizal	rizal	PROPN
ijtc-1031	195	61	,	,	PUNCT
ijtc-1031	195	62	supriyadi	supriyadi	NOUN
ijtc-1031	195	63	,	,	PUNCT
ijtc-1031	195	64	and	and	CCONJ
ijtc-1031	195	65	fachrudin	fachrudin	VERB
ijtc-1031	195	66	156	156	NUM
ijtc-1031	195	67	|	|	ADV
ijtc-1031	195	68	ilomata	ilomata	ADJ
ijtc-1031	195	69	international	international	ADJ
ijtc-1031	195	70	journal	journal	NOUN
ijtc-1031	195	71	of	of	ADP
ijtc-1031	195	72	tax	tax	PROPN
ijtc-1031	195	73	&	&	CCONJ
ijtc-1031	195	74	accounting	accounting	PROPN
ijtc-1031	195	75	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-1031	195	76	be	be	AUX
ijtc-1031	195	77	utilized	utilize	VERB
ijtc-1031	195	78	by	by	ADP
ijtc-1031	195	79	domestic	domestic	ADJ
ijtc-1031	195	80	taxpayers	taxpayer	NOUN
ijtc-1031	195	81	.	.	PUNCT
ijtc-1031	196	1	apart	apart	ADV
ijtc-1031	196	2	from	from	ADP
ijtc-1031	196	3	that	that	PRON
ijtc-1031	196	4	,	,	PUNCT
ijtc-1031	196	5	changes	change	NOUN
ijtc-1031	196	6	or	or	CCONJ
ijtc-1031	196	7	reductions	reduction	NOUN
ijtc-1031	196	8	in	in	ADP
ijtc-1031	196	9	rates	rate	NOUN
ijtc-1031	196	10	only	only	ADV
ijtc-1031	196	11	occur	occur	VERB
ijtc-1031	196	12	for	for	ADP
ijtc-1031	196	13	individual	individual	ADJ
ijtc-1031	196	14	taxpayers	taxpayer	NOUN
ijtc-1031	196	15	who	who	PRON
ijtc-1031	196	16	were	be	AUX
ijtc-1031	196	17	previously	previously	ADV
ijtc-1031	196	18	required	require	VERB
ijtc-1031	196	19	to	to	PART
ijtc-1031	196	20	pay	pay	VERB
ijtc-1031	196	21	10	10	NUM
ijtc-1031	196	22	%	%	NOUN
ijtc-1031	196	23	final	final	ADJ
ijtc-1031	196	24	pph	pph	PROPN
ijtc-1031	196	25	on	on	ADP
ijtc-1031	196	26	dividends	dividend	NOUN
ijtc-1031	196	27	received	receive	VERB
ijtc-1031	196	28	or	or	CCONJ
ijtc-1031	196	29	corporate	corporate	ADJ
ijtc-1031	196	30	taxpayers	taxpayer	NOUN
ijtc-1031	196	31	with	with	ADP
ijtc-1031	196	32	ownership	ownership	NOUN
ijtc-1031	196	33	of	of	ADP
ijtc-1031	196	34	up	up	ADP
ijtc-1031	196	35	to	to	PART
ijtc-1031	196	36	25	25	NUM
ijtc-1031	196	37	%	%	NOUN
ijtc-1031	196	38	who	who	PRON
ijtc-1031	196	39	were	be	AUX
ijtc-1031	196	40	previously	previously	ADV
ijtc-1031	196	41	required	require	VERB
ijtc-1031	196	42	to	to	PART
ijtc-1031	196	43	pay	pay	VERB
ijtc-1031	196	44	pph	pph	PROPN
ijtc-1031	196	45	23	23	NUM
ijtc-1031	196	46	(	(	PUNCT
ijtc-1031	196	47	tax	tax	NOUN
ijtc-1031	196	48	credit	credit	NOUN
ijtc-1031	196	49	)	)	PUNCT
ijtc-1031	196	50	of	of	ADP
ijtc-1031	196	51	15	15	NUM
ijtc-1031	196	52	%	%	NOUN
ijtc-1031	196	53	since	since	SCONJ
ijtc-1031	196	54	the	the	DET
ijtc-1031	196	55	enactment	enactment	NOUN
ijtc-1031	196	56	of	of	ADP
ijtc-1031	196	57	the	the	DET
ijtc-1031	196	58	provisions	provision	NOUN
ijtc-1031	196	59	.	.	PUNCT
ijtc-1031	197	1	the	the	DET
ijtc-1031	197	2	job	job	NOUN
ijtc-1031	197	3	creation	creation	NOUN
ijtc-1031	197	4	law	law	NOUN
ijtc-1031	197	5	and	and	CCONJ
ijtc-1031	197	6	its	its	PRON
ijtc-1031	197	7	derivative	derivative	ADJ
ijtc-1031	197	8	regulations	regulation	NOUN
ijtc-1031	197	9	exclude	exclude	VERB
ijtc-1031	197	10	dividends	dividend	NOUN
ijtc-1031	197	11	as	as	ADP
ijtc-1031	197	12	a	a	DET
ijtc-1031	197	13	tax	tax	NOUN
ijtc-1031	197	14	object	object	NOUN
ijtc-1031	197	15	or	or	CCONJ
ijtc-1031	197	16	dividends	dividend	NOUN
ijtc-1031	197	17	received	receive	VERB
ijtc-1031	197	18	by	by	ADP
ijtc-1031	197	19	the	the	DET
ijtc-1031	197	20	two	two	NUM
ijtc-1031	197	21	types	type	NOUN
ijtc-1031	197	22	of	of	ADP
ijtc-1031	197	23	domestic	domestic	ADJ
ijtc-1031	197	24	taxpayers	taxpayer	NOUN
ijtc-1031	197	25	are	be	AUX
ijtc-1031	197	26	excluded	exclude	VERB
ijtc-1031	197	27	as	as	ADP
ijtc-1031	197	28	income	income	NOUN
ijtc-1031	197	29	.	.	PUNCT
ijtc-1031	198	1	meanwhile	meanwhile	ADV
ijtc-1031	198	2	,	,	PUNCT
ijtc-1031	198	3	foreign	foreign	ADJ
ijtc-1031	198	4	taxpayers	taxpayer	NOUN
ijtc-1031	198	5	and	and	CCONJ
ijtc-1031	198	6	corporate	corporate	ADJ
ijtc-1031	198	7	(	(	PUNCT
ijtc-1031	198	8	domestic	domestic	ADJ
ijtc-1031	198	9	)	)	PUNCT
ijtc-1031	198	10	taxpayers	taxpayer	NOUN
ijtc-1031	198	11	with	with	ADP
ijtc-1031	198	12	ownership	ownership	NOUN
ijtc-1031	198	13	above	above	ADP
ijtc-1031	198	14	25	25	NUM
ijtc-1031	198	15	%	%	NOUN
ijtc-1031	198	16	do	do	AUX
ijtc-1031	198	17	not	not	PART
ijtc-1031	198	18	benefit	benefit	VERB
ijtc-1031	198	19	at	at	ADV
ijtc-1031	198	20	all	all	ADV
ijtc-1031	198	21	from	from	ADP
ijtc-1031	198	22	the	the	DET
ijtc-1031	198	23	dividend	dividend	NOUN
ijtc-1031	198	24	exclusion	exclusion	NOUN
ijtc-1031	198	25	policy	policy	NOUN
ijtc-1031	198	26	as	as	ADP
ijtc-1031	198	27	an	an	DET
ijtc-1031	198	28	income	income	NOUN
ijtc-1031	198	29	tax	tax	NOUN
ijtc-1031	198	30	object	object	NOUN
ijtc-1031	198	31	.	.	PUNCT
ijtc-1031	199	1	based	base	VERB
ijtc-1031	199	2	on	on	ADP
ijtc-1031	199	3	the	the	DET
ijtc-1031	199	4	conditions	condition	NOUN
ijtc-1031	199	5	as	as	SCONJ
ijtc-1031	199	6	mentioned	mention	VERB
ijtc-1031	199	7	in	in	ADP
ijtc-1031	199	8	the	the	DET
ijtc-1031	199	9	previous	previous	ADJ
ijtc-1031	199	10	paragraph	paragraph	NOUN
ijtc-1031	199	11	,	,	PUNCT
ijtc-1031	199	12	it	it	PRON
ijtc-1031	199	13	is	be	AUX
ijtc-1031	199	14	then	then	ADV
ijtc-1031	199	15	linked	link	VERB
ijtc-1031	199	16	to	to	ADP
ijtc-1031	199	17	the	the	DET
ijtc-1031	199	18	conditions	condition	NOUN
ijtc-1031	199	19	of	of	ADP
ijtc-1031	199	20	companies	company	NOUN
ijtc-1031	199	21	listed	list	VERB
ijtc-1031	199	22	on	on	ADP
ijtc-1031	199	23	the	the	DET
ijtc-1031	199	24	idx	idx	PROPN
ijtc-1031	199	25	.	.	PUNCT
ijtc-1031	200	1	of	of	ADP
ijtc-1031	200	2	the	the	DET
ijtc-1031	200	3	30	30	NUM
ijtc-1031	200	4	listed	list	VERB
ijtc-1031	200	5	companies	company	NOUN
ijtc-1031	200	6	in	in	ADP
ijtc-1031	200	7	the	the	DET
ijtc-1031	200	8	sample	sample	NOUN
ijtc-1031	200	9	,	,	PUNCT
ijtc-1031	200	10	only	only	ADV
ijtc-1031	200	11	two	two	NUM
ijtc-1031	200	12	companies	company	NOUN
ijtc-1031	200	13	,	,	PUNCT
ijtc-1031	200	14	namely	namely	ADV
ijtc-1031	200	15	pt	pt	VERB
ijtc-1031	200	16	bayan	bayan	ADJ
ijtc-1031	200	17	resources	resource	NOUN
ijtc-1031	200	18	and	and	CCONJ
ijtc-1031	200	19	pt	pt	PROPN
ijtc-1031	200	20	barito	barito	PROPN
ijtc-1031	200	21	pacific	pacific	PROPN
ijtc-1031	200	22	,	,	PUNCT
ijtc-1031	200	23	whose	whose	DET
ijtc-1031	200	24	shares	share	NOUN
ijtc-1031	200	25	are	be	AUX
ijtc-1031	200	26	controlled	control	VERB
ijtc-1031	200	27	or	or	CCONJ
ijtc-1031	200	28	owned	own	VERB
ijtc-1031	200	29	by	by	ADP
ijtc-1031	200	30	individuals	individual	NOUN
ijtc-1031	200	31	are	be	AUX
ijtc-1031	200	32	listed	list	VERB
ijtc-1031	200	33	as	as	ADP
ijtc-1031	200	34	more	more	ADJ
ijtc-1031	200	35	than	than	ADP
ijtc-1031	200	36	50	50	NUM
ijtc-1031	200	37	%	%	NOUN
ijtc-1031	200	38	.	.	PUNCT
ijtc-1031	201	1	apart	apart	ADV
ijtc-1031	201	2	from	from	ADP
ijtc-1031	201	3	that	that	PRON
ijtc-1031	201	4	,	,	PUNCT
ijtc-1031	201	5	the	the	DET
ijtc-1031	201	6	majority	majority	NOUN
ijtc-1031	201	7	of	of	ADP
ijtc-1031	201	8	companies	company	NOUN
ijtc-1031	201	9	listed	list	VERB
ijtc-1031	201	10	on	on	ADP
ijtc-1031	201	11	the	the	DET
ijtc-1031	201	12	idx	idx	NOUN
ijtc-1031	201	13	are	be	AUX
ijtc-1031	201	14	also	also	ADV
ijtc-1031	201	15	controlled	control	VERB
ijtc-1031	201	16	by	by	ADP
ijtc-1031	201	17	corporate	corporate	ADJ
ijtc-1031	201	18	taxpayers	taxpayer	NOUN
ijtc-1031	201	19	with	with	ADP
ijtc-1031	201	20	an	an	DET
ijtc-1031	201	21	ownership	ownership	NOUN
ijtc-1031	201	22	portion	portion	NOUN
ijtc-1031	201	23	of	of	ADP
ijtc-1031	201	24	more	more	ADJ
ijtc-1031	201	25	than	than	ADP
ijtc-1031	201	26	25	25	NUM
ijtc-1031	201	27	%	%	NOUN
ijtc-1031	201	28	since	since	SCONJ
ijtc-1031	201	29	several	several	ADJ
ijtc-1031	201	30	years	year	NOUN
ijtc-1031	201	31	ago	ago	ADV
ijtc-1031	201	32	.	.	PUNCT
ijtc-1031	202	1	so	so	ADV
ijtc-1031	202	2	it	it	PRON
ijtc-1031	202	3	is	be	AUX
ijtc-1031	202	4	worth	worth	ADJ
ijtc-1031	202	5	noting	note	VERB
ijtc-1031	202	6	that	that	SCONJ
ijtc-1031	202	7	quite	quite	DET
ijtc-1031	202	8	a	a	DET
ijtc-1031	202	9	few	few	ADJ
ijtc-1031	202	10	companies	company	NOUN
ijtc-1031	202	11	listed	list	VERB
ijtc-1031	202	12	on	on	ADP
ijtc-1031	202	13	the	the	DET
ijtc-1031	202	14	idx	idx	NOUN
ijtc-1031	202	15	are	be	AUX
ijtc-1031	202	16	owned	own	VERB
ijtc-1031	202	17	by	by	ADP
ijtc-1031	202	18	foreign	foreign	ADJ
ijtc-1031	202	19	taxpayers	taxpayer	NOUN
ijtc-1031	202	20	,	,	PUNCT
ijtc-1031	202	21	and	and	CCONJ
ijtc-1031	202	22	we	we	PRON
ijtc-1031	202	23	can	can	AUX
ijtc-1031	202	24	not	not	PART
ijtc-1031	202	25	even	even	ADV
ijtc-1031	202	26	be	be	AUX
ijtc-1031	202	27	sure	sure	ADJ
ijtc-1031	202	28	that	that	SCONJ
ijtc-1031	202	29	the	the	DET
ijtc-1031	202	30	individuals	individual	NOUN
ijtc-1031	202	31	who	who	PRON
ijtc-1031	202	32	control	control	VERB
ijtc-1031	202	33	pt	pt	PROPN
ijtc-1031	202	34	bayan	bayan	PROPN
ijtc-1031	202	35	resources	resource	NOUN
ijtc-1031	202	36	and	and	CCONJ
ijtc-1031	202	37	pt	pt	PROPN
ijtc-1031	202	38	barito	barito	PROPN
ijtc-1031	202	39	pacific	pacific	PROPN
ijtc-1031	202	40	are	be	AUX
ijtc-1031	202	41	domestic	domestic	ADJ
ijtc-1031	202	42	taxpayers	taxpayer	NOUN
ijtc-1031	202	43	.	.	PUNCT
ijtc-1031	203	1	based	base	VERB
ijtc-1031	203	2	on	on	ADP
ijtc-1031	203	3	these	these	DET
ijtc-1031	203	4	conditions	condition	NOUN
ijtc-1031	203	5	,	,	PUNCT
ijtc-1031	203	6	it	it	PRON
ijtc-1031	203	7	can	can	AUX
ijtc-1031	203	8	be	be	AUX
ijtc-1031	203	9	stated	state	VERB
ijtc-1031	203	10	that	that	SCONJ
ijtc-1031	203	11	the	the	DET
ijtc-1031	203	12	majority	majority	NOUN
ijtc-1031	203	13	shareholders	shareholder	NOUN
ijtc-1031	203	14	of	of	ADP
ijtc-1031	203	15	most	most	ADJ
ijtc-1031	203	16	public	public	ADJ
ijtc-1031	203	17	companies	company	NOUN
ijtc-1031	203	18	in	in	ADP
ijtc-1031	203	19	indonesia	indonesia	PROPN
ijtc-1031	203	20	do	do	AUX
ijtc-1031	203	21	not	not	PART
ijtc-1031	203	22	or	or	CCONJ
ijtc-1031	203	23	do	do	AUX
ijtc-1031	203	24	not	not	PART
ijtc-1031	203	25	benefit	benefit	VERB
ijtc-1031	203	26	from	from	ADP
ijtc-1031	203	27	the	the	DET
ijtc-1031	203	28	dividend	dividend	NOUN
ijtc-1031	203	29	exclusion	exclusion	NOUN
ijtc-1031	203	30	policy	policy	NOUN
ijtc-1031	203	31	as	as	ADP
ijtc-1031	203	32	an	an	DET
ijtc-1031	203	33	income	income	NOUN
ijtc-1031	203	34	tax	tax	NOUN
ijtc-1031	203	35	object	object	NOUN
ijtc-1031	203	36	.	.	PUNCT
ijtc-1031	204	1	this	this	PRON
ijtc-1031	204	2	is	be	AUX
ijtc-1031	204	3	because	because	SCONJ
ijtc-1031	204	4	the	the	DET
ijtc-1031	204	5	majority	majority	NOUN
ijtc-1031	204	6	of	of	ADP
ijtc-1031	204	7	companies	company	NOUN
ijtc-1031	204	8	registered	register	VERB
ijtc-1031	204	9	on	on	ADP
ijtc-1031	204	10	the	the	DET
ijtc-1031	204	11	idx	idx	NOUN
ijtc-1031	204	12	are	be	AUX
ijtc-1031	204	13	owned	own	VERB
ijtc-1031	204	14	by	by	ADP
ijtc-1031	204	15	corporate	corporate	ADJ
ijtc-1031	204	16	taxpayers	taxpayer	NOUN
ijtc-1031	204	17	(	(	PUNCT
ijtc-1031	204	18	domestic	domestic	ADJ
ijtc-1031	204	19	)	)	PUNCT
ijtc-1031	204	20	with	with	ADP
ijtc-1031	204	21	ownership	ownership	NOUN
ijtc-1031	204	22	above	above	ADP
ijtc-1031	204	23	25	25	NUM
ijtc-1031	204	24	%	%	NOUN
ijtc-1031	204	25	or	or	CCONJ
ijtc-1031	204	26	foreign	foreign	ADJ
ijtc-1031	204	27	taxpayers	taxpayer	NOUN
ijtc-1031	204	28	.	.	PUNCT
ijtc-1031	205	1	then	then	ADV
ijtc-1031	205	2	it	it	PRON
ijtc-1031	205	3	should	should	AUX
ijtc-1031	205	4	be	be	AUX
ijtc-1031	205	5	realized	realize	VERB
ijtc-1031	205	6	that	that	SCONJ
ijtc-1031	205	7	dividend	dividend	NOUN
ijtc-1031	205	8	decisions	decision	NOUN
ijtc-1031	205	9	or	or	CCONJ
ijtc-1031	205	10	policies	policy	NOUN
ijtc-1031	205	11	,	,	PUNCT
ijtc-1031	205	12	including	include	VERB
ijtc-1031	205	13	the	the	DET
ijtc-1031	205	14	dpr	dpr	PROPN
ijtc-1031	205	15	amount	amount	NOUN
ijtc-1031	205	16	,	,	PUNCT
ijtc-1031	205	17	are	be	AUX
ijtc-1031	205	18	determined	determine	VERB
ijtc-1031	205	19	by	by	ADP
ijtc-1031	205	20	the	the	DET
ijtc-1031	205	21	decisions	decision	NOUN
ijtc-1031	205	22	or	or	CCONJ
ijtc-1031	205	23	wishes	wish	NOUN
ijtc-1031	205	24	of	of	ADP
ijtc-1031	205	25	the	the	DET
ijtc-1031	205	26	majority	majority	NOUN
ijtc-1031	205	27	shareholders	shareholder	NOUN
ijtc-1031	205	28	through	through	ADP
ijtc-1031	205	29	the	the	DET
ijtc-1031	205	30	gms	gms	NOUN
ijtc-1031	205	31	.	.	PUNCT
ijtc-1031	206	1	if	if	SCONJ
ijtc-1031	206	2	the	the	DET
ijtc-1031	206	3	majority	majority	NOUN
ijtc-1031	206	4	shareholder	shareholder	NOUN
ijtc-1031	206	5	does	do	AUX
ijtc-1031	206	6	not	not	PART
ijtc-1031	206	7	want	want	VERB
ijtc-1031	206	8	to	to	PART
ijtc-1031	206	9	increase	increase	VERB
ijtc-1031	206	10	dividends	dividend	NOUN
ijtc-1031	206	11	because	because	SCONJ
ijtc-1031	206	12	they	they	PRON
ijtc-1031	206	13	do	do	AUX
ijtc-1031	206	14	not	not	PART
ijtc-1031	206	15	benefit	benefit	VERB
ijtc-1031	206	16	from	from	ADP
ijtc-1031	206	17	the	the	DET
ijtc-1031	206	18	dividend	dividend	NOUN
ijtc-1031	206	19	exclusion	exclusion	NOUN
ijtc-1031	206	20	policy	policy	NOUN
ijtc-1031	206	21	as	as	ADP
ijtc-1031	206	22	an	an	DET
ijtc-1031	206	23	income	income	NOUN
ijtc-1031	206	24	tax	tax	NOUN
ijtc-1031	206	25	object	object	NOUN
ijtc-1031	206	26	,	,	PUNCT
ijtc-1031	206	27	practically	practically	ADV
ijtc-1031	206	28	the	the	DET
ijtc-1031	206	29	dividends	dividend	NOUN
ijtc-1031	206	30	paid	pay	VERB
ijtc-1031	206	31	will	will	AUX
ijtc-1031	206	32	not	not	PART
ijtc-1031	206	33	increase	increase	VERB
ijtc-1031	206	34	.	.	PUNCT
ijtc-1031	207	1	this	this	DET
ijtc-1031	207	2	explanation	explanation	NOUN
ijtc-1031	207	3	is	be	AUX
ijtc-1031	207	4	in	in	ADP
ijtc-1031	207	5	line	line	NOUN
ijtc-1031	207	6	with	with	ADP
ijtc-1031	207	7	the	the	DET
ijtc-1031	207	8	research	research	NOUN
ijtc-1031	207	9	results	result	NOUN
ijtc-1031	207	10	of	of	ADP
ijtc-1031	207	11	yu	yu	PROPN
ijtc-1031	207	12	et	et	PROPN
ijtc-1031	207	13	al	al	PROPN
ijtc-1031	207	14	.	.	PROPN
ijtc-1031	208	1	(	(	PUNCT
ijtc-1031	208	2	2021	2021	NUM
ijtc-1031	208	3	)	)	PUNCT
ijtc-1031	208	4	which	which	PRON
ijtc-1031	208	5	state	state	VERB
ijtc-1031	208	6	that	that	SCONJ
ijtc-1031	208	7	company	company	NOUN
ijtc-1031	208	8	dividends	dividend	NOUN
ijtc-1031	208	9	will	will	AUX
ijtc-1031	208	10	increase	increase	VERB
ijtc-1031	208	11	when	when	SCONJ
ijtc-1031	208	12	the	the	DET
ijtc-1031	208	13	majority	majority	NOUN
ijtc-1031	208	14	shareholder	shareholder	NOUN
ijtc-1031	208	15	wants	want	VERB
ijtc-1031	208	16	the	the	DET
ijtc-1031	208	17	dividend	dividend	NOUN
ijtc-1031	208	18	to	to	PART
ijtc-1031	208	19	increase	increase	VERB
ijtc-1031	208	20	to	to	PART
ijtc-1031	208	21	take	take	VERB
ijtc-1031	208	22	advantage	advantage	NOUN
ijtc-1031	208	23	of	of	ADP
ijtc-1031	208	24	the	the	DET
ijtc-1031	208	25	policy	policy	NOUN
ijtc-1031	208	26	of	of	ADP
ijtc-1031	208	27	reducing	reduce	VERB
ijtc-1031	208	28	the	the	DET
ijtc-1031	208	29	dividend	dividend	NOUN
ijtc-1031	208	30	tax	tax	NOUN
ijtc-1031	208	31	rate	rate	NOUN
ijtc-1031	208	32	or	or	CCONJ
ijtc-1031	208	33	it	it	PRON
ijtc-1031	208	34	can	can	AUX
ijtc-1031	208	35	be	be	AUX
ijtc-1031	208	36	said	say	VERB
ijtc-1031	208	37	that	that	SCONJ
ijtc-1031	208	38	the	the	DET
ijtc-1031	208	39	company	company	NOUN
ijtc-1031	208	40	's	's	PART
ijtc-1031	208	41	dividend	dividend	NOUN
ijtc-1031	208	42	will	will	AUX
ijtc-1031	208	43	not	not	PART
ijtc-1031	208	44	increase	increase	VERB
ijtc-1031	208	45	even	even	ADV
ijtc-1031	208	46	though	though	SCONJ
ijtc-1031	208	47	there	there	PRON
ijtc-1031	208	48	is	be	VERB
ijtc-1031	208	49	a	a	DET
ijtc-1031	208	50	policy	policy	NOUN
ijtc-1031	208	51	of	of	ADP
ijtc-1031	208	52	reducing	reduce	VERB
ijtc-1031	208	53	the	the	DET
ijtc-1031	208	54	dividend	dividend	NOUN
ijtc-1031	208	55	tax	tax	NOUN
ijtc-1031	208	56	because	because	SCONJ
ijtc-1031	208	57	the	the	DET
ijtc-1031	208	58	majority	majority	NOUN
ijtc-1031	208	59	shareholder	shareholder	NOUN
ijtc-1031	208	60	does	do	AUX
ijtc-1031	208	61	not	not	PART
ijtc-1031	208	62	want	want	VERB
ijtc-1031	208	63	or	or	CCONJ
ijtc-1031	208	64	can	can	AUX
ijtc-1031	208	65	not	not	PART
ijtc-1031	208	66	take	take	VERB
ijtc-1031	208	67	advantage	advantage	NOUN
ijtc-1031	208	68	of	of	ADP
ijtc-1031	208	69	the	the	DET
ijtc-1031	208	70	policy	policy	NOUN
ijtc-1031	208	71	.	.	PUNCT
ijtc-1031	209	1	the	the	PRON
ijtc-1031	209	2	.	.	PUNCT
ijtc-1031	210	1	this	this	DET
ijtc-1031	210	2	condition	condition	NOUN
ijtc-1031	210	3	is	be	AUX
ijtc-1031	210	4	in	in	ADP
ijtc-1031	210	5	line	line	NOUN
ijtc-1031	210	6	with	with	ADP
ijtc-1031	210	7	what	what	PRON
ijtc-1031	210	8	is	be	AUX
ijtc-1031	210	9	happening	happen	VERB
ijtc-1031	210	10	in	in	ADP
ijtc-1031	210	11	indonesia	indonesia	PROPN
ijtc-1031	210	12	,	,	PUNCT
ijtc-1031	210	13	where	where	SCONJ
ijtc-1031	210	14	the	the	DET
ijtc-1031	210	15	majority	majority	NOUN
ijtc-1031	210	16	of	of	ADP
ijtc-1031	210	17	shareholders	shareholder	NOUN
ijtc-1031	210	18	of	of	ADP
ijtc-1031	210	19	companies	company	NOUN
ijtc-1031	210	20	listed	list	VERB
ijtc-1031	210	21	on	on	ADP
ijtc-1031	210	22	the	the	DET
ijtc-1031	210	23	idx	idx	NOUN
ijtc-1031	210	24	can	can	AUX
ijtc-1031	210	25	not	not	PART
ijtc-1031	210	26	take	take	VERB
ijtc-1031	210	27	advantage	advantage	NOUN
ijtc-1031	210	28	of	of	ADP
ijtc-1031	210	29	or	or	CCONJ
ijtc-1031	210	30	do	do	AUX
ijtc-1031	210	31	not	not	PART
ijtc-1031	210	32	benefit	benefit	VERB
ijtc-1031	210	33	from	from	ADP
ijtc-1031	210	34	the	the	DET
ijtc-1031	210	35	dividend	dividend	NOUN
ijtc-1031	210	36	exclusion	exclusion	NOUN
ijtc-1031	210	37	policy	policy	NOUN
ijtc-1031	210	38	.	.	PUNCT
ijtc-1031	211	1	the	the	DET
ijtc-1031	211	2	results	result	NOUN
ijtc-1031	211	3	of	of	ADP
ijtc-1031	211	4	the	the	DET
ijtc-1031	211	5	research	research	NOUN
ijtc-1031	211	6	that	that	PRON
ijtc-1031	211	7	has	have	AUX
ijtc-1031	211	8	been	be	AUX
ijtc-1031	211	9	carried	carry	VERB
ijtc-1031	211	10	out	out	ADP
ijtc-1031	211	11	are	be	AUX
ijtc-1031	211	12	also	also	ADV
ijtc-1031	211	13	in	in	ADP
ijtc-1031	211	14	line	line	NOUN
ijtc-1031	211	15	with	with	ADP
ijtc-1031	211	16	the	the	DET
ijtc-1031	211	17	results	result	NOUN
ijtc-1031	211	18	of	of	ADP
ijtc-1031	211	19	yagan	yagan	NOUN
ijtc-1031	211	20	's	's	PART
ijtc-1031	211	21	research	research	NOUN
ijtc-1031	211	22	(	(	PUNCT
ijtc-1031	211	23	2018	2018	NUM
ijtc-1031	211	24	)	)	PUNCT
ijtc-1031	211	25	.	.	PUNCT
ijtc-1031	212	1	yagan	yagan	PROPN
ijtc-1031	212	2	(	(	PUNCT
ijtc-1031	212	3	2018	2018	NUM
ijtc-1031	212	4	)	)	PUNCT
ijtc-1031	212	5	in	in	ADP
ijtc-1031	212	6	his	his	PRON
ijtc-1031	212	7	research	research	NOUN
ijtc-1031	212	8	stated	state	VERB
ijtc-1031	212	9	that	that	SCONJ
ijtc-1031	212	10	companies	company	NOUN
ijtc-1031	212	11	that	that	PRON
ijtc-1031	212	12	benefit	benefit	VERB
ijtc-1031	212	13	from	from	ADP
ijtc-1031	212	14	reduced	reduce	VERB
ijtc-1031	212	15	dividend	dividend	NOUN
ijtc-1031	212	16	tax	tax	NOUN
ijtc-1031	212	17	rates	rate	NOUN
ijtc-1031	212	18	relatively	relatively	ADV
ijtc-1031	212	19	pay	pay	VERB
ijtc-1031	212	20	or	or	CCONJ
ijtc-1031	212	21	distribute	distribute	VERB
ijtc-1031	212	22	higher	high	ADJ
ijtc-1031	212	23	dividends	dividend	NOUN
ijtc-1031	212	24	compared	compare	VERB
ijtc-1031	212	25	to	to	ADP
ijtc-1031	212	26	companies	company	NOUN
ijtc-1031	212	27	that	that	PRON
ijtc-1031	212	28	do	do	AUX
ijtc-1031	212	29	not	not	PART
ijtc-1031	212	30	benefit	benefit	VERB
ijtc-1031	212	31	from	from	ADP
ijtc-1031	212	32	reduced	reduce	VERB
ijtc-1031	212	33	dividend	dividend	NOUN
ijtc-1031	212	34	tax	tax	NOUN
ijtc-1031	212	35	.	.	PUNCT
ijtc-1031	213	1	the	the	DET
ijtc-1031	213	2	research	research	NOUN
ijtc-1031	213	3	results	result	NOUN
ijtc-1031	213	4	of	of	ADP
ijtc-1031	213	5	yagan	yagan	PROPN
ijtc-1031	213	6	(	(	PUNCT
ijtc-1031	213	7	2018	2018	NUM
ijtc-1031	213	8	)	)	PUNCT
ijtc-1031	213	9	are	be	AUX
ijtc-1031	213	10	in	in	ADP
ijtc-1031	213	11	line	line	NOUN
ijtc-1031	213	12	with	with	ADP
ijtc-1031	213	13	the	the	DET
ijtc-1031	213	14	results	result	NOUN
ijtc-1031	213	15	of	of	ADP
ijtc-1031	213	16	this	this	DET
ijtc-1031	213	17	research	research	NOUN
ijtc-1031	213	18	which	which	PRON
ijtc-1031	213	19	shows	show	VERB
ijtc-1031	213	20	that	that	SCONJ
ijtc-1031	213	21	because	because	SCONJ
ijtc-1031	213	22	the	the	DET
ijtc-1031	213	23	majority	majority	NOUN
ijtc-1031	213	24	shareholders	shareholder	NOUN
ijtc-1031	213	25	of	of	ADP
ijtc-1031	213	26	the	the	DET
ijtc-1031	213	27	listed	list	VERB
ijtc-1031	213	28	companies	company	NOUN
ijtc-1031	213	29	in	in	ADP
ijtc-1031	213	30	indonesia	indonesia	PROPN
ijtc-1031	213	31	in	in	ADP
ijtc-1031	213	32	the	the	DET
ijtc-1031	213	33	sample	sample	NOUN
ijtc-1031	213	34	were	be	AUX
ijtc-1031	213	35	unable	unable	ADJ
ijtc-1031	213	36	to	to	PART
ijtc-1031	213	37	benefit	benefit	VERB
ijtc-1031	213	38	from	from	ADP
ijtc-1031	213	39	the	the	DET
ijtc-1031	213	40	dividend	dividend	NOUN
ijtc-1031	213	41	exclusion	exclusion	NOUN
ijtc-1031	213	42	policy	policy	NOUN
ijtc-1031	213	43	as	as	ADP
ijtc-1031	213	44	a	a	DET
ijtc-1031	213	45	tax	tax	NOUN
ijtc-1031	213	46	object	object	NOUN
ijtc-1031	213	47	,	,	PUNCT
ijtc-1031	213	48	the	the	DET
ijtc-1031	213	49	value	value	NOUN
ijtc-1031	213	50	of	of	ADP
ijtc-1031	213	51	dividends	dividend	NOUN
ijtc-1031	213	52	paid	pay	VERB
ijtc-1031	213	53	also	also	ADV
ijtc-1031	213	54	did	do	AUX
ijtc-1031	213	55	not	not	PART
ijtc-1031	213	56	increase	increase	VERB
ijtc-1031	213	57	.	.	PUNCT
ijtc-1031	214	1	based	base	VERB
ijtc-1031	214	2	on	on	ADP
ijtc-1031	214	3	the	the	DET
ijtc-1031	214	4	sample	sample	NOUN
ijtc-1031	214	5	used	use	VERB
ijtc-1031	214	6	,	,	PUNCT
ijtc-1031	214	7	it	it	PRON
ijtc-1031	214	8	is	be	AUX
ijtc-1031	214	9	known	know	VERB
ijtc-1031	214	10	that	that	SCONJ
ijtc-1031	214	11	most	most	ADJ
ijtc-1031	214	12	of	of	ADP
ijtc-1031	214	13	the	the	DET
ijtc-1031	214	14	majority	majority	NOUN
ijtc-1031	214	15	shareholders	shareholder	NOUN
ijtc-1031	214	16	of	of	ADP
ijtc-1031	214	17	public	public	ADJ
ijtc-1031	214	18	companies	company	NOUN
ijtc-1031	214	19	in	in	ADP
ijtc-1031	214	20	the	the	DET
ijtc-1031	214	21	research	research	NOUN
ijtc-1031	214	22	sample	sample	NOUN
ijtc-1031	214	23	are	be	AUX
ijtc-1031	214	24	controlled	control	VERB
ijtc-1031	214	25	by	by	ADP
ijtc-1031	214	26	companies	company	NOUN
ijtc-1031	214	27	or	or	CCONJ
ijtc-1031	214	28	corporate	corporate	ADJ
ijtc-1031	214	29	taxpayers	taxpayer	NOUN
ijtc-1031	214	30	so	so	SCONJ
ijtc-1031	214	31	the	the	DET
ijtc-1031	214	32	application	application	NOUN
ijtc-1031	214	33	of	of	ADP
ijtc-1031	214	34	the	the	DET
ijtc-1031	214	35	dividend	dividend	NOUN
ijtc-1031	214	36	exception	exception	NOUN
ijtc-1031	214	37	does	do	AUX
ijtc-1031	214	38	not	not	PART
ijtc-1031	214	39	cause	cause	VERB
ijtc-1031	214	40	the	the	DET
ijtc-1031	214	41	majority	majority	NOUN
ijtc-1031	214	42	shareholders	shareholder	NOUN
ijtc-1031	214	43	who	who	PRON
ijtc-1031	214	44	are	be	AUX
ijtc-1031	214	45	corporate	corporate	ADJ
ijtc-1031	214	46	taxpayers	taxpayer	NOUN
ijtc-1031	214	47	to	to	PART
ijtc-1031	214	48	be	be	AUX
ijtc-1031	214	49	able	able	ADJ
ijtc-1031	214	50	to	to	PART
ijtc-1031	214	51	take	take	VERB
ijtc-1031	214	52	advantage	advantage	NOUN
ijtc-1031	214	53	of	of	ADP
ijtc-1031	214	54	the	the	DET
ijtc-1031	214	55	dividend	dividend	NOUN
ijtc-1031	214	56	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-1031	214	57	the	the	DET
ijtc-1031	214	58	influence	influence	NOUN
ijtc-1031	214	59	of	of	ADP
ijtc-1031	214	60	tax	tax	NOUN
ijtc-1031	214	61	exclusion	exclusion	NOUN
ijtc-1031	214	62	policies	policy	NOUN
ijtc-1031	214	63	and	and	CCONJ
ijtc-1031	214	64	other	other	ADJ
ijtc-1031	214	65	factors	factor	NOUN
ijtc-1031	214	66	on	on	ADP
ijtc-1031	214	67	the	the	DET
ijtc-1031	214	68	value	value	NOUN
ijtc-1031	214	69	of	of	ADP
ijtc-1031	214	70	dividends	dividend	NOUN
ijtc-1031	214	71	paid	pay	VERB
ijtc-1031	214	72	by	by	ADP
ijtc-1031	214	73	public	public	ADJ
ijtc-1031	214	74	companies	company	NOUN
ijtc-1031	214	75	in	in	ADP
ijtc-1031	214	76	indonesia	indonesia	PROPN
ijtc-1031	214	77	rizal	rizal	PROPN
ijtc-1031	214	78	,	,	PUNCT
ijtc-1031	214	79	supriyadi	supriyadi	NOUN
ijtc-1031	214	80	,	,	PUNCT
ijtc-1031	214	81	and	and	CCONJ
ijtc-1031	214	82	fachrudin	fachrudin	VERB
ijtc-1031	214	83	157	157	NUM
ijtc-1031	214	84	|	|	CCONJ
ijtc-1031	214	85	ilomata	ilomata	PROPN
ijtc-1031	214	86	international	international	ADJ
ijtc-1031	214	87	journal	journal	NOUN
ijtc-1031	214	88	of	of	ADP
ijtc-1031	214	89	tax	tax	PROPN
ijtc-1031	214	90	&	&	CCONJ
ijtc-1031	214	91	accounting	account	VERB
ijtc-1031	214	92	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-1031	214	93	exclusion	exclusion	NOUN
ijtc-1031	214	94	policy	policy	NOUN
ijtc-1031	214	95	as	as	ADP
ijtc-1031	214	96	a	a	DET
ijtc-1031	214	97	tax	tax	NOUN
ijtc-1031	214	98	object	object	NOUN
ijtc-1031	214	99	.	.	PUNCT
ijtc-1031	215	1	before	before	ADP
ijtc-1031	215	2	the	the	DET
ijtc-1031	215	3	enactment	enactment	NOUN
ijtc-1031	215	4	of	of	ADP
ijtc-1031	215	5	the	the	DET
ijtc-1031	215	6	law	law	NOUN
ijtc-1031	215	7	on	on	ADP
ijtc-1031	215	8	harmonization	harmonization	NOUN
ijtc-1031	215	9	of	of	ADP
ijtc-1031	215	10	tax	tax	NOUN
ijtc-1031	215	11	regulations	regulation	NOUN
ijtc-1031	215	12	,	,	PUNCT
ijtc-1031	215	13	shareholders	shareholder	NOUN
ijtc-1031	215	14	in	in	ADP
ijtc-1031	215	15	the	the	DET
ijtc-1031	215	16	form	form	NOUN
ijtc-1031	215	17	of	of	ADP
ijtc-1031	215	18	corporate	corporate	ADJ
ijtc-1031	215	19	taxpayers	taxpayer	NOUN
ijtc-1031	215	20	with	with	ADP
ijtc-1031	215	21	ownership	ownership	NOUN
ijtc-1031	215	22	of	of	ADP
ijtc-1031	215	23	25	25	NUM
ijtc-1031	215	24	%	%	NOUN
ijtc-1031	215	25	or	or	CCONJ
ijtc-1031	215	26	more	more	ADJ
ijtc-1031	215	27	(	(	PUNCT
ijtc-1031	215	28	majority	majority	NOUN
ijtc-1031	215	29	)	)	PUNCT
ijtc-1031	215	30	also	also	ADV
ijtc-1031	215	31	had	have	VERB
ijtc-1031	215	32	no	no	DET
ijtc-1031	215	33	tax	tax	NOUN
ijtc-1031	215	34	obligations	obligation	NOUN
ijtc-1031	215	35	on	on	ADP
ijtc-1031	215	36	dividends	dividend	NOUN
ijtc-1031	215	37	.	.	PUNCT
ijtc-1031	216	1	in	in	ADP
ijtc-1031	216	2	contrast	contrast	NOUN
ijtc-1031	216	3	to	to	ADP
ijtc-1031	216	4	the	the	DET
ijtc-1031	216	5	dividend	dividend	NOUN
ijtc-1031	216	6	exclusion	exclusion	NOUN
ijtc-1031	216	7	policy	policy	NOUN
ijtc-1031	216	8	variable	variable	NOUN
ijtc-1031	216	9	as	as	ADP
ijtc-1031	216	10	an	an	DET
ijtc-1031	216	11	income	income	NOUN
ijtc-1031	216	12	tax	tax	NOUN
ijtc-1031	216	13	object	object	NOUN
ijtc-1031	216	14	which	which	PRON
ijtc-1031	216	15	does	do	AUX
ijtc-1031	216	16	not	not	PART
ijtc-1031	216	17	have	have	VERB
ijtc-1031	216	18	a	a	DET
ijtc-1031	216	19	significant	significant	ADJ
ijtc-1031	216	20	effect	effect	NOUN
ijtc-1031	216	21	on	on	ADP
ijtc-1031	216	22	dividends	dividend	NOUN
ijtc-1031	216	23	paid	pay	VERB
ijtc-1031	216	24	,	,	PUNCT
ijtc-1031	216	25	the	the	DET
ijtc-1031	216	26	net	net	ADJ
ijtc-1031	216	27	profit	profit	NOUN
ijtc-1031	216	28	variable	variable	NOUN
ijtc-1031	216	29	has	have	VERB
ijtc-1031	216	30	a	a	DET
ijtc-1031	216	31	significant	significant	ADJ
ijtc-1031	216	32	and	and	CCONJ
ijtc-1031	216	33	positive	positive	ADJ
ijtc-1031	216	34	effect	effect	NOUN
ijtc-1031	216	35	on	on	ADP
ijtc-1031	216	36	dividends	dividend	NOUN
ijtc-1031	216	37	paid	pay	VERB
ijtc-1031	216	38	by	by	ADP
ijtc-1031	216	39	the	the	DET
ijtc-1031	216	40	company	company	NOUN
ijtc-1031	216	41	.	.	PUNCT
ijtc-1031	217	1	this	this	PRON
ijtc-1031	217	2	is	be	AUX
ijtc-1031	217	3	in	in	ADP
ijtc-1031	217	4	line	line	NOUN
ijtc-1031	217	5	with	with	ADP
ijtc-1031	217	6	the	the	DET
ijtc-1031	217	7	explanation	explanation	NOUN
ijtc-1031	217	8	of	of	ADP
ijtc-1031	217	9	reysa	reysa	PROPN
ijtc-1031	217	10	et	et	PROPN
ijtc-1031	217	11	al	al	PROPN
ijtc-1031	217	12	.	.	PROPN
ijtc-1031	218	1	(	(	PUNCT
ijtc-1031	218	2	2022	2022	NUM
ijtc-1031	218	3	)	)	PUNCT
ijtc-1031	218	4	,	,	PUNCT
ijtc-1031	218	5	fiqh	fiqh	NOUN
ijtc-1031	218	6	(	(	PUNCT
ijtc-1031	218	7	2021	2021	NUM
ijtc-1031	218	8	)	)	PUNCT
ijtc-1031	218	9	,	,	PUNCT
ijtc-1031	218	10	meidawati	meidawati	NOUN
ijtc-1031	218	11	et	et	PROPN
ijtc-1031	218	12	al	al	PROPN
ijtc-1031	218	13	.	.	PROPN
ijtc-1031	219	1	(	(	PUNCT
ijtc-1031	219	2	2020	2020	NUM
ijtc-1031	219	3	)	)	PUNCT
ijtc-1031	219	4	,	,	PUNCT
ijtc-1031	219	5	and	and	CCONJ
ijtc-1031	219	6	sejati	sejati	NOUN
ijtc-1031	219	7	et	et	PROPN
ijtc-1031	219	8	al	al	PROPN
ijtc-1031	219	9	.	.	PROPN
ijtc-1031	220	1	(	(	PUNCT
ijtc-1031	220	2	2020	2020	NUM
ijtc-1031	220	3	)	)	PUNCT
ijtc-1031	220	4	which	which	PRON
ijtc-1031	220	5	states	state	VERB
ijtc-1031	220	6	that	that	SCONJ
ijtc-1031	220	7	profits	profit	NOUN
ijtc-1031	220	8	greatly	greatly	ADV
ijtc-1031	220	9	influence	influence	VERB
ijtc-1031	220	10	the	the	DET
ijtc-1031	220	11	dividends	dividend	NOUN
ijtc-1031	220	12	paid	pay	VERB
ijtc-1031	220	13	or	or	CCONJ
ijtc-1031	220	14	distributed	distribute	VERB
ijtc-1031	220	15	by	by	ADP
ijtc-1031	220	16	companies	company	NOUN
ijtc-1031	220	17	because	because	SCONJ
ijtc-1031	220	18	dividends	dividend	NOUN
ijtc-1031	220	19	are	be	AUX
ijtc-1031	220	20	almost	almost	ADV
ijtc-1031	220	21	always	always	ADV
ijtc-1031	220	22	based	base	VERB
ijtc-1031	220	23	on	on	ADP
ijtc-1031	220	24	the	the	DET
ijtc-1031	220	25	profits	profit	NOUN
ijtc-1031	220	26	earned	earn	VERB
ijtc-1031	220	27	by	by	ADP
ijtc-1031	220	28	the	the	DET
ijtc-1031	220	29	company	company	NOUN
ijtc-1031	220	30	.	.	PUNCT
ijtc-1031	221	1	meidawati	meidawati	PROPN
ijtc-1031	221	2	et	et	PROPN
ijtc-1031	221	3	al	al	PROPN
ijtc-1031	221	4	.	.	PROPN
ijtc-1031	221	5	(	(	PUNCT
ijtc-1031	221	6	2020	2020	NUM
ijtc-1031	221	7	)	)	PUNCT
ijtc-1031	221	8	in	in	ADP
ijtc-1031	221	9	their	their	PRON
ijtc-1031	221	10	research	research	NOUN
ijtc-1031	221	11	stated	state	VERB
ijtc-1031	221	12	that	that	SCONJ
ijtc-1031	221	13	company	company	NOUN
ijtc-1031	221	14	profits	profit	NOUN
ijtc-1031	221	15	are	be	AUX
ijtc-1031	221	16	the	the	DET
ijtc-1031	221	17	basis	basis	NOUN
ijtc-1031	221	18	of	of	ADP
ijtc-1031	221	19	reference	reference	NOUN
ijtc-1031	221	20	for	for	ADP
ijtc-1031	221	21	companies	company	NOUN
ijtc-1031	221	22	in	in	ADP
ijtc-1031	221	23	distributing	distribute	VERB
ijtc-1031	221	24	company	company	NOUN
ijtc-1031	221	25	dividends	dividend	NOUN
ijtc-1031	221	26	.	.	PUNCT
ijtc-1031	222	1	it	it	PRON
ijtc-1031	222	2	is	be	AUX
ijtc-1031	222	3	stated	state	VERB
ijtc-1031	222	4	that	that	SCONJ
ijtc-1031	222	5	the	the	PRON
ijtc-1031	222	6	greater	great	ADJ
ijtc-1031	222	7	the	the	DET
ijtc-1031	222	8	level	level	NOUN
ijtc-1031	222	9	of	of	ADP
ijtc-1031	222	10	profit	profit	NOUN
ijtc-1031	222	11	,	,	PUNCT
ijtc-1031	222	12	the	the	PRON
ijtc-1031	222	13	greater	great	ADJ
ijtc-1031	222	14	the	the	DET
ijtc-1031	222	15	level	level	NOUN
ijtc-1031	222	16	of	of	ADP
ijtc-1031	222	17	dividend	dividend	NOUN
ijtc-1031	222	18	payments	payment	NOUN
ijtc-1031	222	19	that	that	PRON
ijtc-1031	222	20	will	will	AUX
ijtc-1031	222	21	be	be	AUX
ijtc-1031	222	22	distributed	distribute	VERB
ijtc-1031	222	23	to	to	ADP
ijtc-1031	222	24	shareholders	shareholder	NOUN
ijtc-1031	222	25	.	.	PUNCT
ijtc-1031	223	1	similar	similar	ADJ
ijtc-1031	223	2	to	to	ADP
ijtc-1031	223	3	net	net	ADJ
ijtc-1031	223	4	profit	profit	NOUN
ijtc-1031	223	5	,	,	PUNCT
ijtc-1031	223	6	roa	roa	PROPN
ijtc-1031	223	7	also	also	ADV
ijtc-1031	223	8	has	have	VERB
ijtc-1031	223	9	a	a	DET
ijtc-1031	223	10	significant	significant	ADJ
ijtc-1031	223	11	and	and	CCONJ
ijtc-1031	223	12	positive	positive	ADJ
ijtc-1031	223	13	effect	effect	NOUN
ijtc-1031	223	14	on	on	ADP
ijtc-1031	223	15	dividends	dividend	NOUN
ijtc-1031	223	16	paid	pay	VERB
ijtc-1031	223	17	.	.	PUNCT
ijtc-1031	224	1	the	the	DET
ijtc-1031	224	2	results	result	NOUN
ijtc-1031	224	3	of	of	ADP
ijtc-1031	224	4	the	the	DET
ijtc-1031	224	5	research	research	NOUN
ijtc-1031	224	6	carried	carry	VERB
ijtc-1031	224	7	out	out	ADP
ijtc-1031	224	8	are	be	AUX
ijtc-1031	224	9	in	in	ADP
ijtc-1031	224	10	line	line	NOUN
ijtc-1031	224	11	with	with	ADP
ijtc-1031	224	12	the	the	DET
ijtc-1031	224	13	research	research	NOUN
ijtc-1031	224	14	results	result	NOUN
ijtc-1031	224	15	of	of	ADP
ijtc-1031	224	16	ulfa	ulfa	PROPN
ijtc-1031	224	17	et	et	PROPN
ijtc-1031	224	18	al	al	PROPN
ijtc-1031	224	19	.	.	PROPN
ijtc-1031	225	1	(	(	PUNCT
ijtc-1031	225	2	2020	2020	NUM
ijtc-1031	225	3	)	)	PUNCT
ijtc-1031	226	1	,	,	PUNCT
ijtc-1031	226	2	sejati	sejati	VERB
ijtc-1031	226	3	et	et	PROPN
ijtc-1031	226	4	al	al	PROPN
ijtc-1031	226	5	.	.	PROPN
ijtc-1031	227	1	(	(	PUNCT
ijtc-1031	227	2	2020	2020	NUM
ijtc-1031	227	3	)	)	PUNCT
ijtc-1031	227	4	,	,	PUNCT
ijtc-1031	227	5	and	and	CCONJ
ijtc-1031	227	6	meidawati	meidawati	NOUN
ijtc-1031	227	7	et	et	PROPN
ijtc-1031	227	8	al	al	PROPN
ijtc-1031	227	9	.	.	PROPN
ijtc-1031	228	1	(	(	PUNCT
ijtc-1031	228	2	2020	2020	NUM
ijtc-1031	228	3	)	)	PUNCT
ijtc-1031	228	4	which	which	PRON
ijtc-1031	228	5	states	state	VERB
ijtc-1031	228	6	that	that	SCONJ
ijtc-1031	228	7	a	a	DET
ijtc-1031	228	8	company	company	NOUN
ijtc-1031	228	9	's	's	PART
ijtc-1031	228	10	roa	roa	NOUN
ijtc-1031	228	11	has	have	VERB
ijtc-1031	228	12	a	a	DET
ijtc-1031	228	13	significant	significant	ADJ
ijtc-1031	228	14	and	and	CCONJ
ijtc-1031	228	15	positive	positive	ADJ
ijtc-1031	228	16	effect	effect	NOUN
ijtc-1031	228	17	on	on	ADP
ijtc-1031	228	18	a	a	DET
ijtc-1031	228	19	company	company	NOUN
ijtc-1031	228	20	's	's	PART
ijtc-1031	228	21	dividend	dividend	NOUN
ijtc-1031	228	22	or	or	CCONJ
ijtc-1031	228	23	dividend	dividend	NOUN
ijtc-1031	228	24	policy	policy	NOUN
ijtc-1031	228	25	.	.	PUNCT
ijtc-1031	229	1	it	it	PRON
ijtc-1031	229	2	is	be	AUX
ijtc-1031	229	3	explained	explain	VERB
ijtc-1031	229	4	that	that	SCONJ
ijtc-1031	229	5	the	the	PRON
ijtc-1031	229	6	greater	great	ADJ
ijtc-1031	229	7	the	the	DET
ijtc-1031	229	8	roa	roa	NOUN
ijtc-1031	229	9	a	a	DET
ijtc-1031	229	10	company	company	NOUN
ijtc-1031	229	11	has	have	VERB
ijtc-1031	229	12	,	,	PUNCT
ijtc-1031	229	13	the	the	PRON
ijtc-1031	229	14	higher	high	ADJ
ijtc-1031	229	15	the	the	DET
ijtc-1031	229	16	dividends	dividend	NOUN
ijtc-1031	229	17	the	the	DET
ijtc-1031	229	18	company	company	NOUN
ijtc-1031	229	19	may	may	AUX
ijtc-1031	229	20	distribute	distribute	VERB
ijtc-1031	229	21	or	or	CCONJ
ijtc-1031	229	22	pay	pay	VERB
ijtc-1031	229	23	.	.	PUNCT
ijtc-1031	230	1	(	(	PUNCT
ijtc-1031	230	2	ulfa	ulfa	X
ijtc-1031	230	3	et	et	PROPN
ijtc-1031	230	4	al	al	PROPN
ijtc-1031	230	5	.	.	PROPN
ijtc-1031	230	6	,	,	PUNCT
ijtc-1031	230	7	2020	2020	NUM
ijtc-1031	230	8	)	)	PUNCT
ijtc-1031	230	9	explain	explain	VERB
ijtc-1031	230	10	that	that	SCONJ
ijtc-1031	230	11	roa	roa	PROPN
ijtc-1031	230	12	describes	describe	VERB
ijtc-1031	230	13	the	the	DET
ijtc-1031	230	14	company	company	NOUN
ijtc-1031	230	15	's	's	PART
ijtc-1031	230	16	ability	ability	NOUN
ijtc-1031	230	17	to	to	PART
ijtc-1031	230	18	generate	generate	VERB
ijtc-1031	230	19	profits	profit	NOUN
ijtc-1031	230	20	so	so	SCONJ
ijtc-1031	230	21	that	that	SCONJ
ijtc-1031	230	22	when	when	SCONJ
ijtc-1031	230	23	the	the	DET
ijtc-1031	230	24	company	company	NOUN
ijtc-1031	230	25	's	's	PART
ijtc-1031	230	26	roa	roa	NOUN
ijtc-1031	230	27	is	be	AUX
ijtc-1031	230	28	high	high	ADJ
ijtc-1031	230	29	it	it	PRON
ijtc-1031	230	30	means	mean	VERB
ijtc-1031	230	31	the	the	DET
ijtc-1031	230	32	profits	profit	NOUN
ijtc-1031	230	33	generated	generate	VERB
ijtc-1031	230	34	will	will	AUX
ijtc-1031	230	35	be	be	AUX
ijtc-1031	230	36	high	high	ADJ
ijtc-1031	230	37	.	.	PUNCT
ijtc-1031	231	1	the	the	DET
ijtc-1031	231	2	high	high	ADJ
ijtc-1031	231	3	profits	profit	NOUN
ijtc-1031	231	4	generated	generate	VERB
ijtc-1031	231	5	according	accord	VERB
ijtc-1031	231	6	to	to	ADP
ijtc-1031	231	7	ulfa	ulfa	PROPN
ijtc-1031	231	8	et	et	PROPN
ijtc-1031	231	9	al	al	PROPN
ijtc-1031	231	10	.	.	PROPN
ijtc-1031	231	11	(	(	PUNCT
ijtc-1031	231	12	2020	2020	NUM
ijtc-1031	231	13	)	)	PUNCT
ijtc-1031	231	14	can	can	AUX
ijtc-1031	231	15	be	be	AUX
ijtc-1031	231	16	used	use	VERB
ijtc-1031	231	17	to	to	PART
ijtc-1031	231	18	finance	finance	VERB
ijtc-1031	231	19	expenses	expense	NOUN
ijtc-1031	231	20	,	,	PUNCT
ijtc-1031	231	21	one	one	NUM
ijtc-1031	231	22	of	of	ADP
ijtc-1031	231	23	which	which	PRON
ijtc-1031	231	24	is	be	AUX
ijtc-1031	231	25	in	in	ADP
ijtc-1031	231	26	the	the	DET
ijtc-1031	231	27	form	form	NOUN
ijtc-1031	231	28	of	of	ADP
ijtc-1031	231	29	dividend	dividend	NOUN
ijtc-1031	231	30	payments	payment	NOUN
ijtc-1031	231	31	.	.	PUNCT
ijtc-1031	232	1	based	base	VERB
ijtc-1031	232	2	on	on	ADP
ijtc-1031	232	3	the	the	DET
ijtc-1031	232	4	research	research	NOUN
ijtc-1031	232	5	that	that	PRON
ijtc-1031	232	6	has	have	AUX
ijtc-1031	232	7	been	be	AUX
ijtc-1031	232	8	carried	carry	VERB
ijtc-1031	232	9	out	out	ADP
ijtc-1031	232	10	,	,	PUNCT
ijtc-1031	232	11	the	the	DET
ijtc-1031	232	12	free	free	ADJ
ijtc-1031	232	13	cash	cash	NOUN
ijtc-1031	232	14	flow	flow	NOUN
ijtc-1031	232	15	variable	variable	NOUN
ijtc-1031	232	16	also	also	ADV
ijtc-1031	232	17	has	have	VERB
ijtc-1031	232	18	a	a	DET
ijtc-1031	232	19	significance	significance	NOUN
ijtc-1031	232	20	and	and	CCONJ
ijtc-1031	232	21	influence	influence	NOUN
ijtc-1031	232	22	similar	similar	ADJ
ijtc-1031	232	23	to	to	ADP
ijtc-1031	232	24	that	that	PRON
ijtc-1031	232	25	of	of	ADP
ijtc-1031	232	26	the	the	DET
ijtc-1031	232	27	net	net	ADJ
ijtc-1031	232	28	profit	profit	NOUN
ijtc-1031	232	29	and	and	CCONJ
ijtc-1031	232	30	roa	roa	PROPN
ijtc-1031	232	31	variables	variable	NOUN
ijtc-1031	232	32	on	on	ADP
ijtc-1031	232	33	dividends	dividend	NOUN
ijtc-1031	232	34	paid	pay	VERB
ijtc-1031	232	35	,	,	PUNCT
ijtc-1031	232	36	namely	namely	ADV
ijtc-1031	232	37	a	a	DET
ijtc-1031	232	38	significant	significant	ADJ
ijtc-1031	232	39	and	and	CCONJ
ijtc-1031	232	40	positive	positive	ADJ
ijtc-1031	232	41	influence	influence	NOUN
ijtc-1031	232	42	.	.	PUNCT
ijtc-1031	233	1	the	the	DET
ijtc-1031	233	2	results	result	NOUN
ijtc-1031	233	3	of	of	ADP
ijtc-1031	233	4	this	this	DET
ijtc-1031	233	5	research	research	NOUN
ijtc-1031	233	6	are	be	AUX
ijtc-1031	233	7	in	in	ADP
ijtc-1031	233	8	line	line	NOUN
ijtc-1031	233	9	with	with	ADP
ijtc-1031	233	10	research	research	NOUN
ijtc-1031	233	11	conducted	conduct	VERB
ijtc-1031	233	12	by	by	ADP
ijtc-1031	233	13	sejati	sejati	NOUN
ijtc-1031	233	14	et	et	PROPN
ijtc-1031	233	15	al	al	PROPN
ijtc-1031	233	16	.	.	PROPN
ijtc-1031	234	1	(	(	PUNCT
ijtc-1031	234	2	2020	2020	NUM
ijtc-1031	234	3	)	)	PUNCT
ijtc-1031	234	4	and	and	CCONJ
ijtc-1031	234	5	rachmah	rachmah	NOUN
ijtc-1031	234	6	(	(	PUNCT
ijtc-1031	234	7	2019	2019	NUM
ijtc-1031	234	8	)	)	PUNCT
ijtc-1031	234	9	who	who	PRON
ijtc-1031	234	10	state	state	VERB
ijtc-1031	234	11	that	that	SCONJ
ijtc-1031	234	12	a	a	DET
ijtc-1031	234	13	company	company	NOUN
ijtc-1031	234	14	's	's	PART
ijtc-1031	234	15	free	free	ADJ
ijtc-1031	234	16	cash	cash	NOUN
ijtc-1031	234	17	flow	flow	NOUN
ijtc-1031	234	18	has	have	VERB
ijtc-1031	234	19	a	a	DET
ijtc-1031	234	20	significant	significant	ADJ
ijtc-1031	234	21	and	and	CCONJ
ijtc-1031	234	22	positive	positive	ADJ
ijtc-1031	234	23	effect	effect	NOUN
ijtc-1031	234	24	on	on	ADP
ijtc-1031	234	25	dividend	dividend	NOUN
ijtc-1031	234	26	policy	policy	NOUN
ijtc-1031	234	27	or	or	CCONJ
ijtc-1031	234	28	dividends	dividend	NOUN
ijtc-1031	234	29	paid	pay	VERB
ijtc-1031	234	30	by	by	ADP
ijtc-1031	234	31	a	a	DET
ijtc-1031	234	32	company	company	NOUN
ijtc-1031	234	33	.	.	PUNCT
ijtc-1031	235	1	true	true	ADJ
ijtc-1031	235	2	et	et	PROPN
ijtc-1031	235	3	al	al	PROPN
ijtc-1031	235	4	.	.	PROPN
ijtc-1031	236	1	(	(	PUNCT
ijtc-1031	236	2	2020	2020	NUM
ijtc-1031	236	3	)	)	PUNCT
ijtc-1031	236	4	explain	explain	VERB
ijtc-1031	236	5	that	that	SCONJ
ijtc-1031	236	6	companies	company	NOUN
ijtc-1031	236	7	that	that	PRON
ijtc-1031	236	8	have	have	VERB
ijtc-1031	236	9	high	high	ADJ
ijtc-1031	236	10	free	free	ADJ
ijtc-1031	236	11	cash	cash	NOUN
ijtc-1031	236	12	flow	flow	NOUN
ijtc-1031	236	13	are	be	AUX
ijtc-1031	236	14	more	more	ADV
ijtc-1031	236	15	likely	likely	ADJ
ijtc-1031	236	16	to	to	PART
ijtc-1031	236	17	distribute	distribute	VERB
ijtc-1031	236	18	dividends	dividend	NOUN
ijtc-1031	236	19	compared	compare	VERB
ijtc-1031	236	20	to	to	ADP
ijtc-1031	236	21	companies	company	NOUN
ijtc-1031	236	22	that	that	PRON
ijtc-1031	236	23	have	have	VERB
ijtc-1031	236	24	low	low	ADJ
ijtc-1031	236	25	or	or	CCONJ
ijtc-1031	236	26	even	even	ADV
ijtc-1031	236	27	minus	minus	CCONJ
ijtc-1031	236	28	free	free	ADJ
ijtc-1031	236	29	cash	cash	NOUN
ijtc-1031	236	30	flow	flow	NOUN
ijtc-1031	236	31	.	.	PUNCT
ijtc-1031	237	1	linked	link	VERB
ijtc-1031	237	2	to	to	ADP
ijtc-1031	237	3	the	the	DET
ijtc-1031	237	4	free	free	ADJ
ijtc-1031	237	5	cash	cash	NOUN
ijtc-1031	237	6	flow	flow	NOUN
ijtc-1031	237	7	hypothesis	hypothesis	NOUN
ijtc-1031	237	8	,	,	PUNCT
ijtc-1031	237	9	jensen	jensen	PROPN
ijtc-1031	237	10	(	(	PUNCT
ijtc-1031	237	11	1986	1986	NUM
ijtc-1031	237	12	)	)	PUNCT
ijtc-1031	237	13	quoted	quote	VERB
ijtc-1031	237	14	in	in	ADP
ijtc-1031	237	15	sejati	sejati	NOUN
ijtc-1031	237	16	et	et	PROPN
ijtc-1031	237	17	al	al	PROPN
ijtc-1031	237	18	.	.	PROPN
ijtc-1031	238	1	(	(	PUNCT
ijtc-1031	238	2	2020	2020	NUM
ijtc-1031	238	3	)	)	PUNCT
ijtc-1031	238	4	states	state	VERB
ijtc-1031	238	5	that	that	SCONJ
ijtc-1031	238	6	companies	company	NOUN
ijtc-1031	238	7	with	with	ADP
ijtc-1031	238	8	low	low	ADJ
ijtc-1031	238	9	growth	growth	NOUN
ijtc-1031	238	10	opportunities	opportunity	NOUN
ijtc-1031	238	11	and	and	CCONJ
ijtc-1031	238	12	large	large	ADJ
ijtc-1031	238	13	amounts	amount	NOUN
ijtc-1031	238	14	of	of	ADP
ijtc-1031	238	15	free	free	ADJ
ijtc-1031	238	16	cash	cash	NOUN
ijtc-1031	238	17	flow	flow	NOUN
ijtc-1031	238	18	will	will	AUX
ijtc-1031	238	19	tend	tend	VERB
ijtc-1031	238	20	to	to	PART
ijtc-1031	238	21	pay	pay	VERB
ijtc-1031	238	22	high	high	ADJ
ijtc-1031	238	23	dividends	dividend	NOUN
ijtc-1031	238	24	.	.	PUNCT
ijtc-1031	239	1	this	this	PRON
ijtc-1031	239	2	is	be	AUX
ijtc-1031	239	3	done	do	VERB
ijtc-1031	239	4	to	to	PART
ijtc-1031	239	5	prevent	prevent	VERB
ijtc-1031	239	6	managers	manager	NOUN
ijtc-1031	239	7	from	from	ADP
ijtc-1031	239	8	investing	invest	VERB
ijtc-1031	239	9	cash	cash	NOUN
ijtc-1031	239	10	in	in	ADP
ijtc-1031	239	11	projects	project	NOUN
ijtc-1031	239	12	that	that	PRON
ijtc-1031	239	13	have	have	VERB
ijtc-1031	239	14	a	a	DET
ijtc-1031	239	15	negative	negative	ADJ
ijtc-1031	239	16	net	net	ADJ
ijtc-1031	239	17	present	present	ADJ
ijtc-1031	239	18	value	value	NOUN
ijtc-1031	239	19	.	.	PUNCT
ijtc-1031	240	1	der	der	NOUN
ijtc-1031	240	2	as	as	ADP
ijtc-1031	240	3	the	the	DET
ijtc-1031	240	4	last	last	ADJ
ijtc-1031	240	5	independent	independent	ADJ
ijtc-1031	240	6	variable	variable	NOUN
ijtc-1031	240	7	was	be	AUX
ijtc-1031	240	8	also	also	ADV
ijtc-1031	240	9	recorded	record	VERB
ijtc-1031	240	10	as	as	ADP
ijtc-1031	240	11	not	not	PART
ijtc-1031	240	12	having	have	VERB
ijtc-1031	240	13	a	a	DET
ijtc-1031	240	14	significant	significant	ADJ
ijtc-1031	240	15	effect	effect	NOUN
ijtc-1031	240	16	on	on	ADP
ijtc-1031	240	17	the	the	DET
ijtc-1031	240	18	value	value	NOUN
ijtc-1031	240	19	of	of	ADP
ijtc-1031	240	20	dividends	dividend	NOUN
ijtc-1031	240	21	paid	pay	VERB
ijtc-1031	240	22	.	.	PUNCT
ijtc-1031	241	1	if	if	SCONJ
ijtc-1031	241	2	a	a	DET
ijtc-1031	241	3	direct	direct	ADJ
ijtc-1031	241	4	comparison	comparison	NOUN
ijtc-1031	241	5	is	be	AUX
ijtc-1031	241	6	made	make	VERB
ijtc-1031	241	7	with	with	ADP
ijtc-1031	241	8	the	the	DET
ijtc-1031	241	9	data	datum	NOUN
ijtc-1031	241	10	used	use	VERB
ijtc-1031	241	11	,	,	PUNCT
ijtc-1031	241	12	it	it	PRON
ijtc-1031	241	13	is	be	AUX
ijtc-1031	241	14	known	know	VERB
ijtc-1031	241	15	that	that	SCONJ
ijtc-1031	241	16	the	the	DET
ijtc-1031	241	17	majority	majority	NOUN
ijtc-1031	241	18	of	of	ADP
ijtc-1031	241	19	companies	company	NOUN
ijtc-1031	241	20	that	that	PRON
ijtc-1031	241	21	distribute	distribute	VERB
ijtc-1031	241	22	dividends	dividend	NOUN
ijtc-1031	241	23	are	be	AUX
ijtc-1031	241	24	companies	company	NOUN
ijtc-1031	241	25	that	that	PRON
ijtc-1031	241	26	have	have	VERB
ijtc-1031	241	27	low	low	ADJ
ijtc-1031	241	28	der	der	NOUN
ijtc-1031	241	29	but	but	CCONJ
ijtc-1031	241	30	in	in	ADP
ijtc-1031	241	31	some	some	DET
ijtc-1031	241	32	conditions	condition	NOUN
ijtc-1031	241	33	,	,	PUNCT
ijtc-1031	241	34	it	it	PRON
ijtc-1031	241	35	is	be	AUX
ijtc-1031	241	36	found	find	VERB
ijtc-1031	241	37	that	that	SCONJ
ijtc-1031	241	38	there	there	PRON
ijtc-1031	241	39	are	be	VERB
ijtc-1031	241	40	companies	company	NOUN
ijtc-1031	241	41	with	with	ADP
ijtc-1031	241	42	negative	negative	ADJ
ijtc-1031	241	43	der	der	NOUN
ijtc-1031	241	44	that	that	PRON
ijtc-1031	241	45	do	do	AUX
ijtc-1031	241	46	not	not	PART
ijtc-1031	241	47	distribute	distribute	VERB
ijtc-1031	241	48	dividends	dividend	NOUN
ijtc-1031	241	49	such	such	ADJ
ijtc-1031	241	50	as	as	ADP
ijtc-1031	241	51	pt	pt	PROPN
ijtc-1031	241	52	bumi	bumi	PROPN
ijtc-1031	241	53	resources	resource	NOUN
ijtc-1031	241	54	and	and	CCONJ
ijtc-1031	241	55	there	there	PRON
ijtc-1031	241	56	are	be	VERB
ijtc-1031	241	57	companies	company	NOUN
ijtc-1031	241	58	with	with	ADP
ijtc-1031	241	59	high	high	ADJ
ijtc-1031	241	60	der	der	NOUN
ijtc-1031	241	61	that	that	PRON
ijtc-1031	241	62	are	be	AUX
ijtc-1031	241	63	still	still	ADV
ijtc-1031	241	64	able	able	ADJ
ijtc-1031	241	65	to	to	PART
ijtc-1031	241	66	pay	pay	VERB
ijtc-1031	241	67	dividends	dividend	NOUN
ijtc-1031	241	68	like	like	ADP
ijtc-1031	241	69	pt	pt	PROPN
ijtc-1031	241	70	barito	barito	PROPN
ijtc-1031	241	71	pacific	pacific	PROPN
ijtc-1031	241	72	and	and	CCONJ
ijtc-1031	241	73	pt	pt	PROPN
ijtc-1031	241	74	sarana	sarana	PROPN
ijtc-1031	241	75	menara	menara	PROPN
ijtc-1031	241	76	nusantara	nusantara	PROPN
ijtc-1031	241	77	.	.	PUNCT
ijtc-1031	242	1	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-1031	242	2	the	the	DET
ijtc-1031	242	3	influence	influence	NOUN
ijtc-1031	242	4	of	of	ADP
ijtc-1031	242	5	tax	tax	NOUN
ijtc-1031	242	6	exclusion	exclusion	NOUN
ijtc-1031	242	7	policies	policy	NOUN
ijtc-1031	242	8	and	and	CCONJ
ijtc-1031	242	9	other	other	ADJ
ijtc-1031	242	10	factors	factor	NOUN
ijtc-1031	242	11	on	on	ADP
ijtc-1031	242	12	the	the	DET
ijtc-1031	242	13	value	value	NOUN
ijtc-1031	242	14	of	of	ADP
ijtc-1031	242	15	dividends	dividend	NOUN
ijtc-1031	242	16	paid	pay	VERB
ijtc-1031	242	17	by	by	ADP
ijtc-1031	242	18	public	public	ADJ
ijtc-1031	242	19	companies	company	NOUN
ijtc-1031	242	20	in	in	ADP
ijtc-1031	242	21	indonesia	indonesia	PROPN
ijtc-1031	242	22	rizal	rizal	PROPN
ijtc-1031	242	23	,	,	PUNCT
ijtc-1031	242	24	supriyadi	supriyadi	NOUN
ijtc-1031	242	25	,	,	PUNCT
ijtc-1031	242	26	and	and	CCONJ
ijtc-1031	242	27	fachrudin	fachrudin	VERB
ijtc-1031	242	28	158	158	NUM
ijtc-1031	242	29	|	|	CCONJ
ijtc-1031	242	30	ilomata	ilomata	PROPN
ijtc-1031	242	31	international	international	ADJ
ijtc-1031	242	32	journal	journal	NOUN
ijtc-1031	242	33	of	of	ADP
ijtc-1031	242	34	tax	tax	PROPN
ijtc-1031	242	35	&	&	CCONJ
ijtc-1031	242	36	accounting	account	VERB
ijtc-1031	242	37	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-1031	242	38	the	the	DET
ijtc-1031	242	39	insignificance	insignificance	NOUN
ijtc-1031	242	40	of	of	ADP
ijtc-1031	242	41	der	der	NOUN
ijtc-1031	242	42	on	on	ADP
ijtc-1031	242	43	dividends	dividend	NOUN
ijtc-1031	242	44	paid	pay	VERB
ijtc-1031	242	45	by	by	ADP
ijtc-1031	242	46	companies	company	NOUN
ijtc-1031	242	47	is	be	AUX
ijtc-1031	242	48	in	in	ADP
ijtc-1031	242	49	line	line	NOUN
ijtc-1031	242	50	with	with	ADP
ijtc-1031	242	51	the	the	DET
ijtc-1031	242	52	research	research	NOUN
ijtc-1031	242	53	results	result	NOUN
ijtc-1031	242	54	of	of	ADP
ijtc-1031	242	55	rachmah	rachmah	NOUN
ijtc-1031	242	56	(	(	PUNCT
ijtc-1031	242	57	2019	2019	NUM
ijtc-1031	242	58	)	)	PUNCT
ijtc-1031	242	59	and	and	CCONJ
ijtc-1031	242	60	hanif	hanif	PROPN
ijtc-1031	242	61	and	and	CCONJ
ijtc-1031	242	62	bustaman	bustaman	PROPN
ijtc-1031	242	63	,	,	PUNCT
ijtc-1031	242	64	(	(	PUNCT
ijtc-1031	242	65	2017	2017	NUM
ijtc-1031	242	66	)	)	PUNCT
ijtc-1031	242	67	who	who	PRON
ijtc-1031	242	68	in	in	ADP
ijtc-1031	242	69	their	their	PRON
ijtc-1031	242	70	research	research	NOUN
ijtc-1031	242	71	also	also	ADV
ijtc-1031	242	72	found	find	VERB
ijtc-1031	242	73	that	that	SCONJ
ijtc-1031	242	74	der	der	NOUN
ijtc-1031	242	75	did	do	AUX
ijtc-1031	242	76	not	not	PART
ijtc-1031	242	77	have	have	VERB
ijtc-1031	242	78	a	a	DET
ijtc-1031	242	79	significant	significant	ADJ
ijtc-1031	242	80	effect	effect	NOUN
ijtc-1031	242	81	on	on	ADP
ijtc-1031	242	82	dividends	dividend	NOUN
ijtc-1031	242	83	paid	pay	VERB
ijtc-1031	242	84	by	by	ADP
ijtc-1031	242	85	companies	company	NOUN
ijtc-1031	242	86	.	.	PUNCT
ijtc-1031	243	1	(	(	PUNCT
ijtc-1031	243	2	hanif	hanif	PROPN
ijtc-1031	243	3	&	&	CCONJ
ijtc-1031	243	4	bustaman	bustaman	PROPN
ijtc-1031	243	5	,	,	PUNCT
ijtc-1031	243	6	2017	2017	NUM
ijtc-1031	243	7	)	)	PUNCT
ijtc-1031	243	8	stated	state	VERB
ijtc-1031	243	9	that	that	SCONJ
ijtc-1031	243	10	the	the	DET
ijtc-1031	243	11	insignificance	insignificance	NOUN
ijtc-1031	243	12	of	of	ADP
ijtc-1031	243	13	der	der	NOUN
ijtc-1031	243	14	on	on	ADP
ijtc-1031	243	15	dividend	dividend	NOUN
ijtc-1031	243	16	policy	policy	NOUN
ijtc-1031	243	17	is	be	AUX
ijtc-1031	243	18	because	because	SCONJ
ijtc-1031	243	19	shareholders	shareholder	NOUN
ijtc-1031	243	20	or	or	CCONJ
ijtc-1031	243	21	company	company	NOUN
ijtc-1031	243	22	owners	owner	NOUN
ijtc-1031	243	23	represented	represent	VERB
ijtc-1031	243	24	by	by	ADP
ijtc-1031	243	25	management	management	NOUN
ijtc-1031	243	26	sometimes	sometimes	ADV
ijtc-1031	243	27	have	have	VERB
ijtc-1031	243	28	different	different	ADJ
ijtc-1031	243	29	points	point	NOUN
ijtc-1031	243	30	of	of	ADP
ijtc-1031	243	31	view	view	NOUN
ijtc-1031	243	32	regarding	regard	VERB
ijtc-1031	243	33	the	the	DET
ijtc-1031	243	34	use	use	NOUN
ijtc-1031	243	35	of	of	ADP
ijtc-1031	243	36	profits	profit	NOUN
ijtc-1031	243	37	.	.	PUNCT
ijtc-1031	244	1	on	on	ADP
ijtc-1031	244	2	the	the	DET
ijtc-1031	244	3	one	one	NUM
ijtc-1031	244	4	hand	hand	NOUN
ijtc-1031	244	5	,	,	PUNCT
ijtc-1031	244	6	they	they	PRON
ijtc-1031	244	7	want	want	VERB
ijtc-1031	244	8	profits	profit	NOUN
ijtc-1031	244	9	to	to	PART
ijtc-1031	244	10	be	be	AUX
ijtc-1031	244	11	divided	divide	VERB
ijtc-1031	244	12	into	into	ADP
ijtc-1031	244	13	dividends	dividend	NOUN
ijtc-1031	244	14	,	,	PUNCT
ijtc-1031	244	15	while	while	SCONJ
ijtc-1031	244	16	on	on	ADP
ijtc-1031	244	17	the	the	DET
ijtc-1031	244	18	other	other	ADJ
ijtc-1031	244	19	hand	hand	NOUN
ijtc-1031	244	20	,	,	PUNCT
ijtc-1031	244	21	they	they	PRON
ijtc-1031	244	22	hope	hope	VERB
ijtc-1031	244	23	that	that	SCONJ
ijtc-1031	244	24	profits	profit	NOUN
ijtc-1031	244	25	will	will	AUX
ijtc-1031	244	26	be	be	AUX
ijtc-1031	244	27	used	use	VERB
ijtc-1031	244	28	to	to	PART
ijtc-1031	244	29	pay	pay	VERB
ijtc-1031	244	30	off	off	ADP
ijtc-1031	244	31	or	or	CCONJ
ijtc-1031	244	32	pay	pay	VERB
ijtc-1031	244	33	off	off	ADP
ijtc-1031	244	34	debt	debt	NOUN
ijtc-1031	244	35	,	,	PUNCT
ijtc-1031	244	36	so	so	SCONJ
ijtc-1031	244	37	the	the	DET
ijtc-1031	244	38	effect	effect	NOUN
ijtc-1031	244	39	is	be	AUX
ijtc-1031	244	40	not	not	PART
ijtc-1031	244	41	so	so	ADV
ijtc-1031	244	42	clear	clear	ADJ
ijtc-1031	244	43	.	.	PUNCT
ijtc-1031	245	1	conclusion	conclusion	VERB
ijtc-1031	245	2	the	the	DET
ijtc-1031	245	3	conclusion	conclusion	NOUN
ijtc-1031	245	4	that	that	PRON
ijtc-1031	245	5	can	can	AUX
ijtc-1031	245	6	be	be	AUX
ijtc-1031	245	7	drawn	draw	VERB
ijtc-1031	245	8	from	from	ADP
ijtc-1031	245	9	the	the	DET
ijtc-1031	245	10	research	research	NOUN
ijtc-1031	245	11	that	that	PRON
ijtc-1031	245	12	has	have	AUX
ijtc-1031	245	13	been	be	AUX
ijtc-1031	245	14	carried	carry	VERB
ijtc-1031	245	15	out	out	ADP
ijtc-1031	245	16	is	be	AUX
ijtc-1031	245	17	that	that	SCONJ
ijtc-1031	245	18	the	the	DET
ijtc-1031	245	19	policy	policy	NOUN
ijtc-1031	245	20	of	of	ADP
ijtc-1031	245	21	excluding	exclude	VERB
ijtc-1031	245	22	dividends	dividend	NOUN
ijtc-1031	245	23	as	as	ADP
ijtc-1031	245	24	an	an	DET
ijtc-1031	245	25	income	income	NOUN
ijtc-1031	245	26	tax	tax	NOUN
ijtc-1031	245	27	object	object	NOUN
ijtc-1031	245	28	has	have	VERB
ijtc-1031	245	29	no	no	DET
ijtc-1031	245	30	(	(	PUNCT
ijtc-1031	245	31	significant	significant	ADJ
ijtc-1031	245	32	)	)	PUNCT
ijtc-1031	245	33	effect	effect	NOUN
ijtc-1031	245	34	on	on	ADP
ijtc-1031	245	35	dividends	dividend	NOUN
ijtc-1031	245	36	paid	pay	VERB
ijtc-1031	245	37	.	.	PUNCT
ijtc-1031	246	1	this	this	PRON
ijtc-1031	246	2	is	be	AUX
ijtc-1031	246	3	because	because	SCONJ
ijtc-1031	246	4	the	the	DET
ijtc-1031	246	5	majority	majority	NOUN
ijtc-1031	246	6	shareholders	shareholder	NOUN
ijtc-1031	246	7	of	of	ADP
ijtc-1031	246	8	most	most	ADJ
ijtc-1031	246	9	companies	company	NOUN
ijtc-1031	246	10	listed	list	VERB
ijtc-1031	246	11	on	on	ADP
ijtc-1031	246	12	the	the	DET
ijtc-1031	246	13	idx	idx	NOUN
ijtc-1031	246	14	are	be	AUX
ijtc-1031	246	15	owned	own	VERB
ijtc-1031	246	16	by	by	ADP
ijtc-1031	246	17	parties	party	NOUN
ijtc-1031	246	18	who	who	PRON
ijtc-1031	246	19	can	can	AUX
ijtc-1031	246	20	not	not	PART
ijtc-1031	246	21	take	take	VERB
ijtc-1031	246	22	advantage	advantage	NOUN
ijtc-1031	246	23	of	of	ADP
ijtc-1031	246	24	the	the	DET
ijtc-1031	246	25	dividend	dividend	NOUN
ijtc-1031	246	26	exemption	exemption	NOUN
ijtc-1031	246	27	policy	policy	NOUN
ijtc-1031	246	28	as	as	ADP
ijtc-1031	246	29	a	a	DET
ijtc-1031	246	30	tax	tax	NOUN
ijtc-1031	246	31	object	object	NOUN
ijtc-1031	246	32	,	,	PUNCT
ijtc-1031	246	33	namely	namely	ADV
ijtc-1031	246	34	corporate	corporate	ADJ
ijtc-1031	246	35	taxpayers	taxpayer	NOUN
ijtc-1031	246	36	who	who	PRON
ijtc-1031	246	37	since	since	SCONJ
ijtc-1031	246	38	previous	previous	ADJ
ijtc-1031	246	39	years	year	NOUN
ijtc-1031	246	40	have	have	AUX
ijtc-1031	246	41	had	have	VERB
ijtc-1031	246	42	share	share	NOUN
ijtc-1031	246	43	ownership	ownership	NOUN
ijtc-1031	246	44	of	of	ADP
ijtc-1031	246	45	more	more	ADJ
ijtc-1031	246	46	than	than	ADP
ijtc-1031	246	47	25	25	NUM
ijtc-1031	246	48	%	%	NOUN
ijtc-1031	246	49	and/or	and/or	CCONJ
ijtc-1031	246	50	foreign	foreign	ADJ
ijtc-1031	246	51	taxpayers	taxpayer	NOUN
ijtc-1031	246	52	.	.	PUNCT
ijtc-1031	247	1	country	country	NOUN
ijtc-1031	247	2	.	.	PUNCT
ijtc-1031	248	1	therefore	therefore	ADV
ijtc-1031	248	2	,	,	PUNCT
ijtc-1031	248	3	the	the	DET
ijtc-1031	248	4	dividend	dividend	NOUN
ijtc-1031	248	5	exclusion	exclusion	NOUN
ijtc-1031	248	6	policy	policy	NOUN
ijtc-1031	248	7	as	as	ADP
ijtc-1031	248	8	an	an	DET
ijtc-1031	248	9	income	income	NOUN
ijtc-1031	248	10	tax	tax	NOUN
ijtc-1031	248	11	object	object	NOUN
ijtc-1031	248	12	can	can	AUX
ijtc-1031	248	13	not	not	PART
ijtc-1031	248	14	be	be	AUX
ijtc-1031	248	15	utilized	utilize	VERB
ijtc-1031	248	16	and	and	CCONJ
ijtc-1031	248	17	makes	make	VERB
ijtc-1031	248	18	the	the	DET
ijtc-1031	248	19	majority	majority	NOUN
ijtc-1031	248	20	shareholders	shareholder	NOUN
ijtc-1031	248	21	reluctant	reluctant	ADJ
ijtc-1031	248	22	or	or	CCONJ
ijtc-1031	248	23	do	do	AUX
ijtc-1031	248	24	not	not	PART
ijtc-1031	248	25	feel	feel	VERB
ijtc-1031	248	26	the	the	DET
ijtc-1031	248	27	need	need	NOUN
ijtc-1031	248	28	to	to	PART
ijtc-1031	248	29	change	change	VERB
ijtc-1031	248	30	the	the	DET
ijtc-1031	248	31	dividend	dividend	NOUN
ijtc-1031	248	32	policy	policy	NOUN
ijtc-1031	248	33	by	by	ADP
ijtc-1031	248	34	increasing	increase	VERB
ijtc-1031	248	35	the	the	DET
ijtc-1031	248	36	dividends	dividend	NOUN
ijtc-1031	248	37	paid	pay	VERB
ijtc-1031	248	38	.	.	PUNCT
ijtc-1031	249	1	as	as	SCONJ
ijtc-1031	249	2	is	be	AUX
ijtc-1031	249	3	known	know	VERB
ijtc-1031	249	4	,	,	PUNCT
ijtc-1031	249	5	the	the	DET
ijtc-1031	249	6	dividend	dividend	NOUN
ijtc-1031	249	7	exclusion	exclusion	NOUN
ijtc-1031	249	8	policy	policy	NOUN
ijtc-1031	249	9	as	as	ADP
ijtc-1031	249	10	a	a	DET
ijtc-1031	249	11	tax	tax	NOUN
ijtc-1031	249	12	object	object	NOUN
ijtc-1031	249	13	can	can	AUX
ijtc-1031	249	14	only	only	ADV
ijtc-1031	249	15	be	be	AUX
ijtc-1031	249	16	utilized	utilize	VERB
ijtc-1031	249	17	by	by	ADP
ijtc-1031	249	18	domestic	domestic	ADJ
ijtc-1031	249	19	taxpayers	taxpayer	NOUN
ijtc-1031	249	20	and	and	CCONJ
ijtc-1031	249	21	will	will	AUX
ijtc-1031	249	22	have	have	VERB
ijtc-1031	249	23	an	an	DET
ijtc-1031	249	24	impact	impact	NOUN
ijtc-1031	249	25	if	if	SCONJ
ijtc-1031	249	26	before	before	ADP
ijtc-1031	249	27	the	the	DET
ijtc-1031	249	28	enactment	enactment	NOUN
ijtc-1031	249	29	of	of	ADP
ijtc-1031	249	30	this	this	DET
ijtc-1031	249	31	provision	provision	NOUN
ijtc-1031	249	32	the	the	DET
ijtc-1031	249	33	taxpayer	taxpayer	NOUN
ijtc-1031	249	34	was	be	AUX
ijtc-1031	249	35	a	a	DET
ijtc-1031	249	36	domestic	domestic	ADJ
ijtc-1031	249	37	individual	individual	ADJ
ijtc-1031	249	38	taxpayer	taxpayer	NOUN
ijtc-1031	249	39	who	who	PRON
ijtc-1031	249	40	paid	pay	VERB
ijtc-1031	249	41	a	a	DET
ijtc-1031	249	42	final	final	ADJ
ijtc-1031	249	43	income	income	NOUN
ijtc-1031	249	44	tax	tax	NOUN
ijtc-1031	249	45	of	of	ADP
ijtc-1031	249	46	10	10	NUM
ijtc-1031	249	47	%	%	NOUN
ijtc-1031	249	48	on	on	ADP
ijtc-1031	249	49	dividends	dividend	NOUN
ijtc-1031	249	50	received	receive	VERB
ijtc-1031	249	51	or	or	CCONJ
ijtc-1031	249	52	a	a	DET
ijtc-1031	249	53	domestic	domestic	ADJ
ijtc-1031	249	54	corporate	corporate	ADJ
ijtc-1031	249	55	taxpayer	taxpayer	NOUN
ijtc-1031	249	56	who	who	PRON
ijtc-1031	249	57	before	before	ADP
ijtc-1031	249	58	the	the	DET
ijtc-1031	249	59	enactment	enactment	NOUN
ijtc-1031	249	60	of	of	ADP
ijtc-1031	249	61	these	these	DET
ijtc-1031	249	62	provisions	provision	NOUN
ijtc-1031	249	63	has	have	VERB
ijtc-1031	249	64	a	a	DET
ijtc-1031	249	65	pph	pph	PROPN
ijtc-1031	249	66	23	23	NUM
ijtc-1031	249	67	(	(	PUNCT
ijtc-1031	249	68	tax	tax	NOUN
ijtc-1031	249	69	credit	credit	NOUN
ijtc-1031	249	70	)	)	PUNCT
ijtc-1031	249	71	obligation	obligation	NOUN
ijtc-1031	249	72	of	of	ADP
ijtc-1031	249	73	15	15	NUM
ijtc-1031	249	74	%	%	NOUN
ijtc-1031	249	75	.	.	PUNCT
ijtc-1031	250	1	this	this	PRON
ijtc-1031	250	2	is	be	AUX
ijtc-1031	250	3	because	because	SCONJ
ijtc-1031	250	4	,	,	PUNCT
ijtc-1031	250	5	for	for	ADP
ijtc-1031	250	6	the	the	DET
ijtc-1031	250	7	two	two	NUM
ijtc-1031	250	8	domestic	domestic	ADJ
ijtc-1031	250	9	taxpayers	taxpayer	NOUN
ijtc-1031	250	10	,	,	PUNCT
ijtc-1031	250	11	as	as	SCONJ
ijtc-1031	250	12	mentioned	mention	VERB
ijtc-1031	250	13	in	in	ADP
ijtc-1031	250	14	the	the	DET
ijtc-1031	250	15	previous	previous	ADJ
ijtc-1031	250	16	sentence	sentence	NOUN
ijtc-1031	250	17	,	,	PUNCT
ijtc-1031	250	18	the	the	DET
ijtc-1031	250	19	implementation	implementation	NOUN
ijtc-1031	250	20	of	of	ADP
ijtc-1031	250	21	the	the	DET
ijtc-1031	250	22	dividend	dividend	NOUN
ijtc-1031	250	23	exclusion	exclusion	NOUN
ijtc-1031	250	24	policy	policy	NOUN
ijtc-1031	250	25	as	as	ADP
ijtc-1031	250	26	an	an	DET
ijtc-1031	250	27	income	income	NOUN
ijtc-1031	250	28	tax	tax	NOUN
ijtc-1031	250	29	object	object	NOUN
ijtc-1031	250	30	will	will	AUX
ijtc-1031	250	31	mean	mean	VERB
ijtc-1031	250	32	that	that	SCONJ
ijtc-1031	250	33	the	the	DET
ijtc-1031	250	34	tax	tax	NOUN
ijtc-1031	250	35	obligations	obligation	NOUN
ijtc-1031	250	36	on	on	ADP
ijtc-1031	250	37	dividends	dividend	NOUN
ijtc-1031	250	38	that	that	PRON
ijtc-1031	250	39	previously	previously	ADV
ijtc-1031	250	40	had	have	VERB
ijtc-1031	250	41	to	to	PART
ijtc-1031	250	42	be	be	AUX
ijtc-1031	250	43	fulfilled	fulfil	VERB
ijtc-1031	250	44	become	become	VERB
ijtc-1031	250	45	nonexistent	nonexistent	ADJ
ijtc-1031	250	46	.	.	PUNCT
ijtc-1031	251	1	other	other	ADJ
ijtc-1031	251	2	variables	variable	NOUN
ijtc-1031	251	3	that	that	PRON
ijtc-1031	251	4	have	have	VERB
ijtc-1031	251	5	a	a	DET
ijtc-1031	251	6	significant	significant	ADJ
ijtc-1031	251	7	effect	effect	NOUN
ijtc-1031	251	8	on	on	ADP
ijtc-1031	251	9	the	the	DET
ijtc-1031	251	10	value	value	NOUN
ijtc-1031	251	11	of	of	ADP
ijtc-1031	251	12	dividend	dividend	NOUN
ijtc-1031	251	13	payments	payment	NOUN
ijtc-1031	251	14	are	be	AUX
ijtc-1031	251	15	net	net	ADJ
ijtc-1031	251	16	profit	profit	NOUN
ijtc-1031	251	17	,	,	PUNCT
ijtc-1031	251	18	roa	roa	PROPN
ijtc-1031	251	19	,	,	PUNCT
ijtc-1031	251	20	and	and	CCONJ
ijtc-1031	251	21	free	free	ADJ
ijtc-1031	251	22	cash	cash	NOUN
ijtc-1031	251	23	flow	flow	NOUN
ijtc-1031	251	24	.	.	PUNCT
ijtc-1031	252	1	these	these	DET
ijtc-1031	252	2	three	three	NUM
ijtc-1031	252	3	variables	variable	NOUN
ijtc-1031	252	4	have	have	VERB
ijtc-1031	252	5	a	a	DET
ijtc-1031	252	6	positive	positive	ADJ
ijtc-1031	252	7	effect	effect	NOUN
ijtc-1031	252	8	on	on	ADP
ijtc-1031	252	9	dividends	dividend	NOUN
ijtc-1031	252	10	paid	pay	VERB
ijtc-1031	252	11	by	by	ADP
ijtc-1031	252	12	public	public	ADJ
ijtc-1031	252	13	companies	company	NOUN
ijtc-1031	252	14	in	in	ADP
ijtc-1031	252	15	indonesia	indonesia	PROPN
ijtc-1031	252	16	.	.	PUNCT
ijtc-1031	253	1	meanwhile	meanwhile	ADV
ijtc-1031	253	2	,	,	PUNCT
ijtc-1031	253	3	der	der	NOUN
ijtc-1031	253	4	does	do	AUX
ijtc-1031	253	5	not	not	PART
ijtc-1031	253	6	have	have	VERB
ijtc-1031	253	7	a	a	DET
ijtc-1031	253	8	significant	significant	ADJ
ijtc-1031	253	9	effect	effect	NOUN
ijtc-1031	253	10	on	on	ADP
ijtc-1031	253	11	dividends	dividend	NOUN
ijtc-1031	253	12	paid	pay	VERB
ijtc-1031	253	13	by	by	ADP
ijtc-1031	253	14	public	public	ADJ
ijtc-1031	253	15	companies	company	NOUN
ijtc-1031	253	16	in	in	ADP
ijtc-1031	253	17	indonesia	indonesia	PROPN
ijtc-1031	253	18	.	.	PUNCT
ijtc-1031	254	1	the	the	DET
ijtc-1031	254	2	conclusion	conclusion	NOUN
ijtc-1031	254	3	as	as	SCONJ
ijtc-1031	254	4	previously	previously	ADV
ijtc-1031	254	5	mentioned	mention	VERB
ijtc-1031	254	6	implies	imply	VERB
ijtc-1031	254	7	that	that	SCONJ
ijtc-1031	254	8	dividend	dividend	NOUN
ijtc-1031	254	9	payments	payment	NOUN
ijtc-1031	254	10	made	make	VERB
ijtc-1031	254	11	by	by	ADP
ijtc-1031	254	12	public	public	ADJ
ijtc-1031	254	13	companies	company	NOUN
ijtc-1031	254	14	in	in	ADP
ijtc-1031	254	15	indonesia	indonesia	PROPN
ijtc-1031	254	16	will	will	AUX
ijtc-1031	254	17	increase	increase	VERB
ijtc-1031	254	18	if	if	SCONJ
ijtc-1031	254	19	the	the	DET
ijtc-1031	254	20	policy	policy	NOUN
ijtc-1031	254	21	of	of	ADP
ijtc-1031	254	22	reducing	reduce	VERB
ijtc-1031	254	23	dividend	dividend	NOUN
ijtc-1031	254	24	tax	tax	NOUN
ijtc-1031	254	25	rates	rate	NOUN
ijtc-1031	254	26	or	or	CCONJ
ijtc-1031	254	27	exemptions	exemption	NOUN
ijtc-1031	254	28	for	for	ADP
ijtc-1031	254	29	dividends	dividend	NOUN
ijtc-1031	254	30	as	as	SCONJ
ijtc-1031	254	31	an	an	DET
ijtc-1031	254	32	income	income	NOUN
ijtc-1031	254	33	tax	tax	NOUN
ijtc-1031	254	34	object	object	NOUN
ijtc-1031	254	35	can	can	AUX
ijtc-1031	254	36	be	be	AUX
ijtc-1031	254	37	used	use	VERB
ijtc-1031	254	38	or	or	CCONJ
ijtc-1031	254	39	utilized	utilize	VERB
ijtc-1031	254	40	by	by	ADP
ijtc-1031	254	41	the	the	DET
ijtc-1031	254	42	majority	majority	NOUN
ijtc-1031	254	43	shareholders	shareholder	NOUN
ijtc-1031	254	44	of	of	ADP
ijtc-1031	254	45	a	a	DET
ijtc-1031	254	46	company	company	NOUN
ijtc-1031	254	47	.	.	PUNCT
ijtc-1031	255	1	apart	apart	ADV
ijtc-1031	255	2	from	from	ADP
ijtc-1031	255	3	that	that	PRON
ijtc-1031	255	4	,	,	PUNCT
ijtc-1031	255	5	dividend	dividend	NOUN
ijtc-1031	255	6	payments	payment	NOUN
ijtc-1031	255	7	will	will	AUX
ijtc-1031	255	8	also	also	ADV
ijtc-1031	255	9	increase	increase	VERB
ijtc-1031	255	10	when	when	SCONJ
ijtc-1031	255	11	the	the	DET
ijtc-1031	255	12	value	value	NOUN
ijtc-1031	255	13	of	of	ADP
ijtc-1031	255	14	net	net	ADJ
ijtc-1031	255	15	profit	profit	NOUN
ijtc-1031	255	16	,	,	PUNCT
ijtc-1031	255	17	roa	roa	NOUN
ijtc-1031	255	18	and	and	CCONJ
ijtc-1031	255	19	free	free	ADJ
ijtc-1031	255	20	cash	cash	NOUN
ijtc-1031	255	21	flow	flow	NOUN
ijtc-1031	255	22	of	of	ADP
ijtc-1031	255	23	a	a	DET
ijtc-1031	255	24	company	company	NOUN
ijtc-1031	255	25	in	in	ADP
ijtc-1031	255	26	a	a	DET
ijtc-1031	255	27	financial	financial	ADJ
ijtc-1031	255	28	year	year	NOUN
ijtc-1031	255	29	increases	increase	NOUN
ijtc-1031	255	30	.	.	PUNCT
ijtc-1031	256	1	based	base	VERB
ijtc-1031	256	2	on	on	ADP
ijtc-1031	256	3	the	the	DET
ijtc-1031	256	4	results	result	NOUN
ijtc-1031	256	5	and	and	CCONJ
ijtc-1031	256	6	discussion	discussion	NOUN
ijtc-1031	256	7	of	of	ADP
ijtc-1031	256	8	the	the	DET
ijtc-1031	256	9	research	research	NOUN
ijtc-1031	256	10	along	along	ADP
ijtc-1031	256	11	with	with	ADP
ijtc-1031	256	12	the	the	DET
ijtc-1031	256	13	conclusions	conclusion	NOUN
ijtc-1031	256	14	that	that	PRON
ijtc-1031	256	15	have	have	AUX
ijtc-1031	256	16	been	be	AUX
ijtc-1031	256	17	presented	present	VERB
ijtc-1031	256	18	,	,	PUNCT
ijtc-1031	256	19	the	the	DET
ijtc-1031	256	20	following	follow	VERB
ijtc-1031	256	21	are	be	AUX
ijtc-1031	256	22	things	thing	NOUN
ijtc-1031	256	23	that	that	PRON
ijtc-1031	256	24	can	can	AUX
ijtc-1031	256	25	be	be	AUX
ijtc-1031	256	26	used	use	VERB
ijtc-1031	256	27	as	as	ADP
ijtc-1031	256	28	suggestions	suggestion	NOUN
ijtc-1031	256	29	and	and	CCONJ
ijtc-1031	256	30	considerations	consideration	NOUN
ijtc-1031	256	31	for	for	ADP
ijtc-1031	256	32	further	further	ADJ
ijtc-1031	256	33	research	research	NOUN
ijtc-1031	256	34	:	:	PUNCT
ijtc-1031	256	35	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-1031	256	36	the	the	DET
ijtc-1031	256	37	influence	influence	NOUN
ijtc-1031	256	38	of	of	ADP
ijtc-1031	256	39	tax	tax	NOUN
ijtc-1031	256	40	exclusion	exclusion	NOUN
ijtc-1031	256	41	policies	policy	NOUN
ijtc-1031	256	42	and	and	CCONJ
ijtc-1031	256	43	other	other	ADJ
ijtc-1031	256	44	factors	factor	NOUN
ijtc-1031	256	45	on	on	ADP
ijtc-1031	256	46	the	the	DET
ijtc-1031	256	47	value	value	NOUN
ijtc-1031	256	48	of	of	ADP
ijtc-1031	256	49	dividends	dividend	NOUN
ijtc-1031	256	50	paid	pay	VERB
ijtc-1031	256	51	by	by	ADP
ijtc-1031	256	52	public	public	ADJ
ijtc-1031	256	53	companies	company	NOUN
ijtc-1031	256	54	in	in	ADP
ijtc-1031	256	55	indonesia	indonesia	PROPN
ijtc-1031	256	56	rizal	rizal	PROPN
ijtc-1031	256	57	,	,	PUNCT
ijtc-1031	256	58	supriyadi	supriyadi	NOUN
ijtc-1031	256	59	,	,	PUNCT
ijtc-1031	256	60	and	and	CCONJ
ijtc-1031	256	61	fachrudin	fachrudin	VERB
ijtc-1031	256	62	159	159	NUM
ijtc-1031	256	63	|	|	ADV
ijtc-1031	256	64	ilomata	ilomata	ADJ
ijtc-1031	256	65	international	international	ADJ
ijtc-1031	256	66	journal	journal	NOUN
ijtc-1031	256	67	of	of	ADP
ijtc-1031	256	68	tax	tax	PROPN
ijtc-1031	256	69	&	&	CCONJ
ijtc-1031	256	70	accounting	accounting	NOUN
ijtc-1031	256	71	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-1031	256	72	1	1	NUM
ijtc-1031	256	73	.	.	PUNCT
ijtc-1031	256	74	further	further	ADJ
ijtc-1031	256	75	research	research	NOUN
ijtc-1031	256	76	can	can	AUX
ijtc-1031	256	77	only	only	ADV
ijtc-1031	256	78	focus	focus	VERB
ijtc-1031	256	79	on	on	ADP
ijtc-1031	256	80	companies	company	NOUN
ijtc-1031	256	81	controlled	control	VERB
ijtc-1031	256	82	or	or	CCONJ
ijtc-1031	256	83	majority	majority	NOUN
ijtc-1031	256	84	owned	own	VERB
ijtc-1031	256	85	by	by	ADP
ijtc-1031	256	86	domestic	domestic	ADJ
ijtc-1031	256	87	taxpayers	taxpayer	NOUN
ijtc-1031	256	88	which	which	PRON
ijtc-1031	256	89	can	can	AUX
ijtc-1031	256	90	take	take	VERB
ijtc-1031	256	91	advantage	advantage	NOUN
ijtc-1031	256	92	of	of	ADP
ijtc-1031	256	93	the	the	DET
ijtc-1031	256	94	dividend	dividend	NOUN
ijtc-1031	256	95	exclusion	exclusion	NOUN
ijtc-1031	256	96	policy	policy	NOUN
ijtc-1031	256	97	as	as	ADP
ijtc-1031	256	98	a	a	DET
ijtc-1031	256	99	tax	tax	NOUN
ijtc-1031	256	100	object	object	NOUN
ijtc-1031	256	101	.	.	PUNCT
ijtc-1031	257	1	2	2	X
ijtc-1031	257	2	.	.	X
ijtc-1031	257	3	further	further	ADJ
ijtc-1031	257	4	research	research	NOUN
ijtc-1031	257	5	can	can	AUX
ijtc-1031	257	6	be	be	AUX
ijtc-1031	257	7	carried	carry	VERB
ijtc-1031	257	8	out	out	ADP
ijtc-1031	257	9	over	over	ADP
ijtc-1031	257	10	a	a	DET
ijtc-1031	257	11	longer	long	ADJ
ijtc-1031	257	12	period	period	NOUN
ijtc-1031	257	13	to	to	PART
ijtc-1031	257	14	find	find	VERB
ijtc-1031	257	15	out	out	ADP
ijtc-1031	257	16	the	the	DET
ijtc-1031	257	17	impact	impact	NOUN
ijtc-1031	257	18	of	of	ADP
ijtc-1031	257	19	policies	policy	NOUN
ijtc-1031	257	20	over	over	ADP
ijtc-1031	257	21	a	a	DET
ijtc-1031	257	22	longer	long	ADJ
ijtc-1031	257	23	period	period	NOUN
ijtc-1031	257	24	.	.	PUNCT
ijtc-1031	258	1	studies	study	NOUN
ijtc-1031	258	2	conducted	conduct	VERB
ijtc-1031	258	3	abroad	abroad	ADV
ijtc-1031	258	4	on	on	ADP
ijtc-1031	258	5	the	the	DET
ijtc-1031	258	6	policy	policy	NOUN
ijtc-1031	258	7	of	of	ADP
ijtc-1031	258	8	reducing	reduce	VERB
ijtc-1031	258	9	dividend	dividend	NOUN
ijtc-1031	258	10	tax	tax	NOUN
ijtc-1031	258	11	rates	rate	NOUN
ijtc-1031	258	12	were	be	AUX
ijtc-1031	258	13	also	also	ADV
ijtc-1031	258	14	carried	carry	VERB
ijtc-1031	258	15	out	out	ADP
ijtc-1031	258	16	several	several	ADJ
ijtc-1031	258	17	dozen	dozen	NOUN
ijtc-1031	258	18	years	year	NOUN
ijtc-1031	258	19	after	after	SCONJ
ijtc-1031	258	20	the	the	DET
ijtc-1031	258	21	policy	policy	NOUN
ijtc-1031	258	22	took	take	VERB
ijtc-1031	258	23	effect	effect	NOUN
ijtc-1031	258	24	.	.	PUNCT
ijtc-1031	259	1	3	3	X
ijtc-1031	259	2	.	.	X
ijtc-1031	259	3	further	further	ADJ
ijtc-1031	259	4	research	research	NOUN
ijtc-1031	259	5	can	can	AUX
ijtc-1031	259	6	map	map	VERB
ijtc-1031	259	7	where	where	SCONJ
ijtc-1031	259	8	dividends	dividend	NOUN
ijtc-1031	259	9	are	be	AUX
ijtc-1031	259	10	paid	pay	VERB
ijtc-1031	259	11	by	by	ADP
ijtc-1031	259	12	public	public	ADJ
ijtc-1031	259	13	companies	company	NOUN
ijtc-1031	259	14	in	in	ADP
ijtc-1031	259	15	indonesia	indonesia	PROPN
ijtc-1031	259	16	,	,	PUNCT
ijtc-1031	259	17	by	by	ADP
ijtc-1031	259	18	knowing	know	VERB
ijtc-1031	259	19	where	where	SCONJ
ijtc-1031	259	20	the	the	DET
ijtc-1031	259	21	dividends	dividend	NOUN
ijtc-1031	259	22	paid	pay	VERB
ijtc-1031	259	23	are	be	AUX
ijtc-1031	259	24	used	use	VERB
ijtc-1031	259	25	,	,	PUNCT
ijtc-1031	259	26	we	we	PRON
ijtc-1031	259	27	can	can	AUX
ijtc-1031	259	28	find	find	VERB
ijtc-1031	259	29	out	out	ADP
ijtc-1031	259	30	what	what	PRON
ijtc-1031	259	31	appropriate	appropriate	ADJ
ijtc-1031	259	32	policies	policy	NOUN
ijtc-1031	259	33	are	be	AUX
ijtc-1031	259	34	to	to	PART
ijtc-1031	259	35	be	be	AUX
ijtc-1031	259	36	set	set	VERB
ijtc-1031	259	37	by	by	ADP
ijtc-1031	259	38	the	the	DET
ijtc-1031	259	39	government	government	NOUN
ijtc-1031	259	40	.	.	PUNCT
ijtc-1031	260	1	reference	reference	NOUN
ijtc-1031	260	2	alstadsæter	alstadsæter	NOUN
ijtc-1031	260	3	,	,	PUNCT
ijtc-1031	260	4	a.	a.	NOUN
ijtc-1031	260	5	,	,	PUNCT
ijtc-1031	260	6	jacob	jacob	PROPN
ijtc-1031	260	7	,	,	PUNCT
ijtc-1031	260	8	m.	m.	NOUN
ijtc-1031	260	9	,	,	PUNCT
ijtc-1031	260	10	&	&	CCONJ
ijtc-1031	260	11	michaely	michaely	ADV
ijtc-1031	260	12	,	,	PUNCT
ijtc-1031	260	13	r.	r.	PROPN
ijtc-1031	260	14	(	(	PUNCT
ijtc-1031	260	15	2015	2015	NUM
ijtc-1031	260	16	)	)	PUNCT
ijtc-1031	260	17	.	.	PUNCT
ijtc-1031	261	1	do	do	AUX
ijtc-1031	261	2	dividend	dividend	NOUN
ijtc-1031	261	3	taxes	taxis	NOUN
ijtc-1031	261	4	affect	affect	VERB
ijtc-1031	261	5	corporate	corporate	ADJ
ijtc-1031	261	6	investment	investment	NOUN
ijtc-1031	261	7	?	?	PUNCT
ijtc-1031	262	1	journal	journal	NOUN
ijtc-1031	262	2	of	of	ADP
ijtc-1031	262	3	public	public	ADJ
ijtc-1031	262	4	economics	economic	NOUN
ijtc-1031	262	5	,	,	PUNCT
ijtc-1031	262	6	151	151	NUM
ijtc-1031	262	7	,	,	PUNCT
ijtc-1031	262	8	74–83	74–83	NUM
ijtc-1031	262	9	.	.	PUNCT
ijtc-1031	263	1	https://doi.org/10.1016/j.jpubeco.2015.05.001	https://doi.org/10.1016/j.jpubeco.2015.05.001	NOUN
ijtc-1031	263	2	asshidiqi	asshidiqi	NOUN
ijtc-1031	263	3	,	,	PUNCT
ijtc-1031	263	4	f.	f.	PROPN
ijtc-1031	263	5	,	,	PUNCT
ijtc-1031	263	6	&	&	CCONJ
ijtc-1031	263	7	irawan	irawan	PROPN
ijtc-1031	263	8	,	,	PUNCT
ijtc-1031	263	9	f.	f.	PROPN
ijtc-1031	263	10	(	(	PUNCT
ijtc-1031	263	11	2021	2021	NUM
ijtc-1031	263	12	)	)	PUNCT
ijtc-1031	263	13	.	.	PUNCT
ijtc-1031	264	1	pengaturan	pengaturan	AUX
ijtc-1031	264	2	pembebasan	pembebasan	VERB
ijtc-1031	264	3	pajak	pajak	ADV
ijtc-1031	264	4	dividen	dividen	VERB
ijtc-1031	265	1	dalam	dalam	PROPN
ijtc-1031	265	2	undang	undang	PROPN
ijtc-1031	265	3	-	-	PUNCT
ijtc-1031	265	4	undang	undang	PROPN
ijtc-1031	265	5	cipta	cipta	PROPN
ijtc-1031	265	6	kerja	kerja	PROPN
ijtc-1031	265	7	berdasarkan	berdasarkan	PROPN
ijtc-1031	265	8	asas	asas	PROPN
ijtc-1031	265	9	keadilan	keadilan	PROPN
ijtc-1031	265	10	dan	dan	PROPN
ijtc-1031	265	11	asas	asas	PROPN
ijtc-1031	265	12	kemanfaatan	kemanfaatan	PROPN
ijtc-1031	265	13	.	.	PUNCT
ijtc-1031	266	1	jurnal	jurnal	ADJ
ijtc-1031	266	2	kertha	kertha	PROPN
ijtc-1031	266	3	semaya	semaya	PROPN
ijtc-1031	266	4	,	,	PUNCT
ijtc-1031	266	5	9(10	9(10	NUM
ijtc-1031	266	6	)	)	PUNCT
ijtc-1031	266	7	,	,	PUNCT
ijtc-1031	266	8	1917–1931	1917–1931	NUM
ijtc-1031	266	9	.	.	PUNCT
ijtc-1031	267	1	baran	baran	NOUN
ijtc-1031	267	2	,	,	PUNCT
ijtc-1031	267	3	s.	s.	PROPN
ijtc-1031	267	4	,	,	PUNCT
ijtc-1031	267	5	constantinescu	constantinescu	PROPN
ijtc-1031	267	6	,	,	PUNCT
ijtc-1031	267	7	c.	c.	PROPN
ijtc-1031	267	8	,	,	PUNCT
ijtc-1031	267	9	&	&	CCONJ
ijtc-1031	267	10	palmowski	palmowski	ADJ
ijtc-1031	267	11	,	,	PUNCT
ijtc-1031	267	12	z.	z.	PROPN
ijtc-1031	267	13	(	(	PUNCT
ijtc-1031	267	14	2023	2023	NUM
ijtc-1031	267	15	)	)	PUNCT
ijtc-1031	267	16	.	.	PUNCT
ijtc-1031	268	1	asymptototic	asymptototic	ADJ
ijtc-1031	268	2	expected	expect	VERB
ijtc-1031	268	3	utility	utility	NOUN
ijtc-1031	268	4	of	of	ADP
ijtc-1031	268	5	dividend	dividend	NOUN
ijtc-1031	268	6	payments	payment	NOUN
ijtc-1031	268	7	in	in	ADP
ijtc-1031	268	8	a	a	DET
ijtc-1031	268	9	classical	classical	ADJ
ijtc-1031	268	10	collective	collective	ADJ
ijtc-1031	268	11	risk	risk	NOUN
ijtc-1031	268	12	process	process	NOUN
ijtc-1031	268	13	.	.	PUNCT
ijtc-1031	269	1	risks	risk	NOUN
ijtc-1031	269	2	,	,	PUNCT
ijtc-1031	269	3	11(4	11(4	NUM
ijtc-1031	269	4	)	)	PUNCT
ijtc-1031	269	5	.	.	PUNCT
ijtc-1031	270	1	https://doi.org/10.3390/risks11040064	https://doi.org/10.3390/risks11040064	PROPN
ijtc-1031	270	2	dahliah	dahliah	PROPN
ijtc-1031	270	3	,	,	PUNCT
ijtc-1031	270	4	d.	d.	PROPN
ijtc-1031	270	5	,	,	PUNCT
ijtc-1031	270	6	&	&	CCONJ
ijtc-1031	270	7	tjan	tjan	PROPN
ijtc-1031	270	8	,	,	PUNCT
ijtc-1031	270	9	j.	j.	PROPN
ijtc-1031	270	10	s.	s.	PROPN
ijtc-1031	270	11	(	(	PUNCT
ijtc-1031	270	12	2022	2022	NUM
ijtc-1031	270	13	)	)	PUNCT
ijtc-1031	270	14	.	.	PUNCT
ijtc-1031	271	1	implementation	implementation	NOUN
ijtc-1031	271	2	evaluation	evaluation	NOUN
ijtc-1031	271	3	tax	tax	NOUN
ijtc-1031	271	4	holiday	holiday	NOUN
ijtc-1031	271	5	and	and	CCONJ
ijtc-1031	271	6	tax	tax	NOUN
ijtc-1031	271	7	allowance	allowance	NOUN
ijtc-1031	271	8	policies	policy	NOUN
ijtc-1031	271	9	on	on	ADP
ijtc-1031	271	10	the	the	DET
ijtc-1031	271	11	growth	growth	NOUN
ijtc-1031	271	12	of	of	ADP
ijtc-1031	271	13	foreign	foreign	ADJ
ijtc-1031	271	14	investment	investment	NOUN
ijtc-1031	271	15	.	.	PUNCT
ijtc-1031	272	1	atestasi	atestasi	NOUN
ijtc-1031	272	2	 	 	SPACE
ijtc-1031	272	3	:	:	PUNCT
ijtc-1031	272	4	jurnal	jurnal	ADJ
ijtc-1031	272	5	ilmiah	ilmiah	PROPN
ijtc-1031	272	6	akuntansi	akuntansi	PROPN
ijtc-1031	272	7	,	,	PUNCT
ijtc-1031	272	8	5(2	5(2	NUM
ijtc-1031	272	9	)	)	PUNCT
ijtc-1031	272	10	,	,	PUNCT
ijtc-1031	272	11	334	334	NUM
ijtc-1031	272	12	–	–	PUNCT
ijtc-1031	272	13	346	346	NUM
ijtc-1031	272	14	.	.	PUNCT
ijtc-1031	273	1	https://doi.org/10.57178/atestasi.v5i2.393	https://doi.org/10.57178/atestasi.v5i2.393	PROPN
ijtc-1031	273	2	ddtc	ddtc	VERB
ijtc-1031	273	3	redaksi	redaksi	PROPN
ijtc-1031	273	4	.	.	PUNCT
ijtc-1031	274	1	(	(	PUNCT
ijtc-1031	274	2	2020	2020	NUM
ijtc-1031	274	3	)	)	PUNCT
ijtc-1031	274	4	.	.	PUNCT
ijtc-1031	275	1	dividen	dividen	PROPN
ijtc-1031	275	2	dikecualikan	dikecualikan	PRON
ijtc-1031	275	3	dari	dari	PROPN
ijtc-1031	275	4	objek	objek	PROPN
ijtc-1031	275	5	pph	pph	PROPN
ijtc-1031	275	6	,	,	PUNCT
ijtc-1031	275	7	ini	ini	PROPN
ijtc-1031	275	8	efek	efek	PROPN
ijtc-1031	275	9	yang	yang	PROPN
ijtc-1031	275	10	diharapkan	diharapkan	PROPN
ijtc-1031	275	11	.	.	PUNCT
ijtc-1031	276	1	ddtc	ddtc	PROPN
ijtc-1031	276	2	.	.	PUNCT
ijtc-1031	277	1	fiqih	fiqih	PROPN
ijtc-1031	277	2	,	,	PUNCT
ijtc-1031	277	3	m.	m.	NOUN
ijtc-1031	277	4	(	(	PUNCT
ijtc-1031	277	5	2021	2021	NUM
ijtc-1031	277	6	)	)	PUNCT
ijtc-1031	277	7	.	.	PUNCT
ijtc-1031	278	1	pengaruh	pengaruh	PROPN
ijtc-1031	278	2	laba	laba	PROPN
ijtc-1031	278	3	bersih	bersih	PROPN
ijtc-1031	278	4	dan	dan	PROPN
ijtc-1031	278	5	arus	arus	PROPN
ijtc-1031	278	6	kas	kas	PROPN
ijtc-1031	278	7	operasi	operasi	PROPN
ijtc-1031	278	8	terhadap	terhadap	PROPN
ijtc-1031	278	9	dividen	dividen	PROPN
ijtc-1031	278	10	kas	kas	PROPN
ijtc-1031	278	11	pada	pada	PROPN
ijtc-1031	278	12	perusahaan	perusahaan	PROPN
ijtc-1031	278	13	manufaktur	manufaktur	PROPN
ijtc-1031	278	14	yang	yang	PROPN
ijtc-1031	278	15	terdaftar	terdaftar	PROPN
ijtc-1031	278	16	di	di	PROPN
ijtc-1031	278	17	bursa	bursa	PROPN
ijtc-1031	278	18	efek	efek	NOUN
ijtc-1031	278	19	indonesia	indonesia	PROPN
ijtc-1031	278	20	periode	periode	PROPN
ijtc-1031	278	21	2015	2015	NUM
ijtc-1031	278	22	-	-	SYM
ijtc-1031	278	23	2017	2017	NUM
ijtc-1031	278	24	.	.	PUNCT
ijtc-1031	279	1	jurnal	jurnal	ADJ
ijtc-1031	279	2	mahasiswa	mahasiswa	PROPN
ijtc-1031	279	3	akuntansi	akuntansi	PROPN
ijtc-1031	279	4	unsurya	unsurya	PROPN
ijtc-1031	279	5	,	,	PUNCT
ijtc-1031	279	6	1(1	1(1	NUM
ijtc-1031	279	7	)	)	PUNCT
ijtc-1031	279	8	,	,	PUNCT
ijtc-1031	279	9	31–46	31–46	NUM
ijtc-1031	279	10	.	.	PUNCT
ijtc-1031	280	1	hanif	hanif	PROPN
ijtc-1031	280	2	,	,	PUNCT
ijtc-1031	280	3	m.	m.	NOUN
ijtc-1031	280	4	,	,	PUNCT
ijtc-1031	280	5	&	&	CCONJ
ijtc-1031	280	6	bustaman	bustaman	PROPN
ijtc-1031	280	7	.	.	PUNCT
ijtc-1031	281	1	(	(	PUNCT
ijtc-1031	281	2	2017	2017	NUM
ijtc-1031	281	3	)	)	PUNCT
ijtc-1031	281	4	.	.	PUNCT
ijtc-1031	282	1	pengaruh	pengaruh	NOUN
ijtc-1031	282	2	debt	debt	NOUN
ijtc-1031	282	3	to	to	ADP
ijtc-1031	282	4	equity	equity	NOUN
ijtc-1031	282	5	ratio	ratio	NOUN
ijtc-1031	282	6	,	,	PUNCT
ijtc-1031	282	7	return	return	VERB
ijtc-1031	282	8	on	on	ADP
ijtc-1031	282	9	asset	asset	NOUN
ijtc-1031	282	10	,	,	PUNCT
ijtc-1031	282	11	firm	firm	ADJ
ijtc-1031	282	12	size	size	NOUN
ijtc-1031	282	13	,	,	PUNCT
ijtc-1031	282	14	dan	dan	PROPN
ijtc-1031	282	15	earning	earn	VERB
ijtc-1031	282	16	per	per	ADP
ijtc-1031	282	17	share	share	NOUN
ijtc-1031	282	18	terhadap	terhadap	PROPN
ijtc-1031	282	19	dividend	dividend	PROPN
ijtc-1031	282	20	payout	payout	NOUN
ijtc-1031	282	21	ratio	ratio	NOUN
ijtc-1031	282	22	.	.	PUNCT
ijtc-1031	283	1	jurnal	jurnal	ADJ
ijtc-1031	283	2	ilmiah	ilmiah	PROPN
ijtc-1031	283	3	mahasiswa	mahasiswa	PROPN
ijtc-1031	283	4	ekonomi	ekonomi	PROPN
ijtc-1031	283	5	akuntansi	akuntansi	PROPN
ijtc-1031	283	6	(	(	PUNCT
ijtc-1031	283	7	jimeka	jimeka	PROPN
ijtc-1031	283	8	,	,	PUNCT
ijtc-1031	283	9	2(1	2(1	NUM
ijtc-1031	283	10	)	)	PUNCT
ijtc-1031	283	11	,	,	PUNCT
ijtc-1031	283	12	1	1	X
ijtc-1031	283	13	.	.	X
ijtc-1031	283	14	hartanti	hartanti	PROPN
ijtc-1031	283	15	,	,	PUNCT
ijtc-1031	283	16	w.	w.	PROPN
ijtc-1031	283	17	,	,	PUNCT
ijtc-1031	283	18	hermuningsih	hermuningsih	PROPN
ijtc-1031	283	19	,	,	PUNCT
ijtc-1031	283	20	s.	s.	PROPN
ijtc-1031	283	21	,	,	PUNCT
ijtc-1031	283	22	&	&	CCONJ
ijtc-1031	283	23	mumpuni	mumpuni	PROPN
ijtc-1031	283	24	,	,	PUNCT
ijtc-1031	283	25	d.	d.	PROPN
ijtc-1031	283	26	l.	l.	PROPN
ijtc-1031	283	27	(	(	PUNCT
ijtc-1031	283	28	2019	2019	NUM
ijtc-1031	283	29	)	)	PUNCT
ijtc-1031	283	30	.	.	PUNCT
ijtc-1031	284	1	pengaruh	pengaruh	NOUN
ijtc-1031	284	2	earning	earn	VERB
ijtc-1031	284	3	per	per	ADP
ijtc-1031	284	4	share	share	NOUN
ijtc-1031	284	5	dan	dan	PROPN
ijtc-1031	284	6	debt	debt	PROPN
ijtc-1031	284	7	to	to	ADP
ijtc-1031	284	8	equity	equity	NOUN
ijtc-1031	284	9	ratio	ratio	PROPN
ijtc-1031	284	10	terhadap	terhadap	PROPN
ijtc-1031	284	11	return	return	PROPN
ijtc-1031	284	12	saham	saham	PROPN
ijtc-1031	284	13	dengan	dengan	PROPN
ijtc-1031	284	14	kebijakan	kebijakan	PROPN
ijtc-1031	284	15	deviden	deviden	PROPN
ijtc-1031	284	16	sebagai	sebagai	PROPN
ijtc-1031	284	17	intervening	intervene	VERB
ijtc-1031	284	18	pada	pada	PROPN
ijtc-1031	284	19	perusahaan	perusahaan	PROPN
ijtc-1031	284	20	property	property	PROPN
ijtc-1031	284	21	&	&	CCONJ
ijtc-1031	284	22	real	real	ADJ
ijtc-1031	284	23	estate	estate	NOUN
ijtc-1031	284	24	yang	yang	PROPN
ijtc-1031	284	25	terdaftar	terdaftar	PROPN
ijtc-1031	284	26	di	di	PROPN
ijtc-1031	284	27	bei	bei	PROPN
ijtc-1031	284	28	periode	periode	PROPN
ijtc-1031	284	29	2013	2013	NUM
ijtc-1031	284	30	-	-	SYM
ijtc-1031	284	31	2017	2017	NUM
ijtc-1031	284	32	.	.	PUNCT
ijtc-1031	285	1	jurnal	jurnal	ADJ
ijtc-1031	285	2	sains	sains	PROPN
ijtc-1031	285	3	manajemen	manajemen	PROPN
ijtc-1031	285	4	dan	dan	PROPN
ijtc-1031	285	5	bisnis	bisnis	PROPN
ijtc-1031	285	6	indonesia	indonesia	PROPN
ijtc-1031	285	7	,	,	PUNCT
ijtc-1031	285	8	9(1	9(1	NUM
ijtc-1031	285	9	)	)	PUNCT
ijtc-1031	285	10	,	,	PUNCT
ijtc-1031	285	11	34–44	34–44	NUM
ijtc-1031	285	12	.	.	PUNCT
ijtc-1031	286	1	intan	intan	PROPN
ijtc-1031	286	2	,	,	PUNCT
ijtc-1031	286	3	r.	r.	PROPN
ijtc-1031	286	4	(	(	PUNCT
ijtc-1031	286	5	2016	2016	NUM
ijtc-1031	286	6	)	)	PUNCT
ijtc-1031	286	7	.	.	PUNCT
ijtc-1031	287	1	insentif	insentif	NOUN
ijtc-1031	287	2	pajak	pajak	ADV
ijtc-1031	287	3	penghasilan	penghasilan	PROPN
ijtc-1031	287	4	pada	pada	PROPN
ijtc-1031	287	5	lembaga	lembaga	PROPN
ijtc-1031	287	6	pendidikan	pendidikan	PROPN
ijtc-1031	287	7	.	.	PUNCT
ijtc-1031	288	1	jurnal	jurnal	PROPN
ijtc-1031	288	2	akp	akp	PROPN
ijtc-1031	288	3	,	,	PUNCT
ijtc-1031	288	4	6(1	6(1	NUM
ijtc-1031	288	5	)	)	PUNCT
ijtc-1031	288	6	,	,	PUNCT
ijtc-1031	288	7	52–62	52–62	NUM
ijtc-1031	288	8	.	.	PROPN
ijtc-1031	289	1	juwita	juwita	PROPN
ijtc-1031	289	2	,	,	PUNCT
ijtc-1031	289	3	r.	r.	PROPN
ijtc-1031	289	4	,	,	PUNCT
ijtc-1031	289	5	&	&	CCONJ
ijtc-1031	289	6	angela	angela	PROPN
ijtc-1031	289	7	,	,	PUNCT
ijtc-1031	289	8	a.	a.	PROPN
ijtc-1031	289	9	(	(	PUNCT
ijtc-1031	289	10	2016	2016	NUM
ijtc-1031	289	11	)	)	PUNCT
ijtc-1031	289	12	.	.	PUNCT
ijtc-1031	290	1	pengaruh	pengaruh	PROPN
ijtc-1031	290	2	intellectual	intellectual	ADJ
ijtc-1031	290	3	capital	capital	PROPN
ijtc-1031	290	4	terhadap	terhadap	PROPN
ijtc-1031	290	5	nilai	nilai	PROPN
ijtc-1031	290	6	perusahaan	perusahaan	PROPN
ijtc-1031	290	7	pada	pada	PROPN
ijtc-1031	290	8	perusahaan	perusahaan	PROPN
ijtc-1031	290	9	indeks	indeks	PROPN
ijtc-1031	290	10	kompas	kompas	PROPN
ijtc-1031	290	11	100	100	NUM
ijtc-1031	290	12	di	di	PROPN
ijtc-1031	290	13	bursa	bursa	PROPN
ijtc-1031	290	14	efek	efek	PROPN
ijtc-1031	290	15	indonesia	indonesia	PROPN
ijtc-1031	290	16	.	.	PUNCT
ijtc-1031	291	1	jurnal	jurnal	PROPN
ijtc-1031	291	2	akuntansi	akuntansi	PROPN
ijtc-1031	291	3	,	,	PUNCT
ijtc-1031	291	4	8(1	8(1	NOUN
ijtc-1031	291	5	)	)	PUNCT
ijtc-1031	291	6	,	,	PUNCT
ijtc-1031	291	7	1–15	1–15	NUM
ijtc-1031	291	8	.	.	PUNCT
ijtc-1031	292	1	karjono	karjono	PROPN
ijtc-1031	292	2	,	,	PUNCT
ijtc-1031	292	3	a.	a.	NOUN
ijtc-1031	292	4	(	(	PUNCT
ijtc-1031	292	5	2019	2019	NUM
ijtc-1031	292	6	)	)	PUNCT
ijtc-1031	292	7	.	.	PUNCT
ijtc-1031	293	1	pengaruh	pengaruh	VERB
ijtc-1031	293	2	cash	cash	NOUN
ijtc-1031	293	3	ratio	ratio	NOUN
ijtc-1031	293	4	,	,	PUNCT
ijtc-1031	293	5	net	net	ADJ
ijtc-1031	293	6	profit	profit	NOUN
ijtc-1031	293	7	margin	margin	NOUN
ijtc-1031	293	8	,	,	PUNCT
ijtc-1031	293	9	debt	debt	NOUN
ijtc-1031	293	10	to	to	ADP
ijtc-1031	293	11	equity	equity	NOUN
ijtc-1031	293	12	ratio	ratio	NOUN
ijtc-1031	293	13	,	,	PUNCT
ijtc-1031	293	14	dan	dan	PROPN
ijtc-1031	293	15	firm	firm	PROPN
ijtc-1031	293	16	size	size	PROPN
ijtc-1031	293	17	terhadap	terhadap	PROPN
ijtc-1031	293	18	kebijakan	kebijakan	PROPN
ijtc-1031	293	19	dividen	dividen	PROPN
ijtc-1031	293	20	(	(	PUNCT
ijtc-1031	293	21	studi	studi	PROPN
ijtc-1031	293	22	empiris	empiris	PROPN
ijtc-1031	293	23	pada	pada	PROPN
ijtc-1031	293	24	perusahaan	perusahaan	PROPN
ijtc-1031	293	25	manufaktur	manufaktur	PROPN
ijtc-1031	293	26	yang	yang	PROPN
ijtc-1031	293	27	terdaftar	terdaftar	PROPN
ijtc-1031	293	28	di	di	PROPN
ijtc-1031	293	29	bei	bei	PROPN
ijtc-1031	293	30	periode	periode	PROPN
ijtc-1031	293	31	2013	2013	NUM
ijtc-1031	293	32	-	-	SYM
ijtc-1031	293	33	2017	2017	NUM
ijtc-1031	293	34	.	.	PUNCT
ijtc-1031	294	1	jurnal	jurnal	ADJ
ijtc-1031	294	2	manajemen	manajeman	NOUN
ijtc-1031	294	3	bisnis	bisnis	PROPN
ijtc-1031	294	4	,	,	PUNCT
ijtc-1031	294	5	22(3	22(3	NUM
ijtc-1031	294	6	)	)	PUNCT
ijtc-1031	294	7	.	.	PUNCT
ijtc-1031	295	1	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-1031	295	2	the	the	DET
ijtc-1031	295	3	influence	influence	NOUN
ijtc-1031	295	4	of	of	ADP
ijtc-1031	295	5	tax	tax	NOUN
ijtc-1031	295	6	exclusion	exclusion	NOUN
ijtc-1031	295	7	policies	policy	NOUN
ijtc-1031	295	8	and	and	CCONJ
ijtc-1031	295	9	other	other	ADJ
ijtc-1031	295	10	factors	factor	NOUN
ijtc-1031	295	11	on	on	ADP
ijtc-1031	295	12	the	the	DET
ijtc-1031	295	13	value	value	NOUN
ijtc-1031	295	14	of	of	ADP
ijtc-1031	295	15	dividends	dividend	NOUN
ijtc-1031	295	16	paid	pay	VERB
ijtc-1031	295	17	by	by	ADP
ijtc-1031	295	18	public	public	ADJ
ijtc-1031	295	19	companies	company	NOUN
ijtc-1031	295	20	in	in	ADP
ijtc-1031	295	21	indonesia	indonesia	PROPN
ijtc-1031	295	22	rizal	rizal	PROPN
ijtc-1031	295	23	,	,	PUNCT
ijtc-1031	295	24	supriyadi	supriyadi	NOUN
ijtc-1031	295	25	,	,	PUNCT
ijtc-1031	295	26	and	and	CCONJ
ijtc-1031	295	27	fachrudin	fachrudin	VERB
ijtc-1031	295	28	160	160	NUM
ijtc-1031	295	29	|	|	ADV
ijtc-1031	295	30	ilomata	ilomata	PROPN
ijtc-1031	295	31	international	international	ADJ
ijtc-1031	295	32	journal	journal	NOUN
ijtc-1031	295	33	of	of	ADP
ijtc-1031	295	34	tax	tax	PROPN
ijtc-1031	295	35	&	&	CCONJ
ijtc-1031	295	36	accounting	accounting	PROPN
ijtc-1031	295	37	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-1031	295	38	meidawati	meidawati	NOUN
ijtc-1031	295	39	,	,	PUNCT
ijtc-1031	295	40	n.	n.	NOUN
ijtc-1031	295	41	,	,	PUNCT
ijtc-1031	295	42	nurfauziya	nurfauziya	NOUN
ijtc-1031	295	43	,	,	PUNCT
ijtc-1031	295	44	a.	a.	NOUN
ijtc-1031	295	45	,	,	PUNCT
ijtc-1031	295	46	&	&	CCONJ
ijtc-1031	295	47	chasanah	chasanah	PROPN
ijtc-1031	295	48	,	,	PUNCT
ijtc-1031	295	49	u.	u.	PROPN
ijtc-1031	295	50	(	(	PUNCT
ijtc-1031	295	51	2020	2020	NUM
ijtc-1031	295	52	)	)	PUNCT
ijtc-1031	295	53	.	.	PUNCT
ijtc-1031	296	1	faktor	faktor	NOUN
ijtc-1031	296	2	-	-	PUNCT
ijtc-1031	296	3	faktor	faktor	PROPN
ijtc-1031	296	4	yang	yang	PROPN
ijtc-1031	296	5	mempengaruhi	mempengaruhi	PROPN
ijtc-1031	296	6	kebijakan	kebijakan	PROPN
ijtc-1031	296	7	dividen	dividen	PROPN
ijtc-1031	296	8	.	.	PUNCT
ijtc-1031	297	1	barometer	barometer	NOUN
ijtc-1031	297	2	riset	riset	PROPN
ijtc-1031	297	3	akuntansi	akuntansi	PROPN
ijtc-1031	297	4	dan	dan	PROPN
ijtc-1031	297	5	manajemen	manajemen	PROPN
ijtc-1031	297	6	.	.	PUNCT
ijtc-1031	298	1	ovami	ovami	ADJ
ijtc-1031	298	2	,	,	PUNCT
ijtc-1031	298	3	d.	d.	PROPN
ijtc-1031	298	4	c.	c.	PROPN
ijtc-1031	298	5	,	,	PUNCT
ijtc-1031	298	6	&	&	CCONJ
ijtc-1031	298	7	nasution	nasution	NOUN
ijtc-1031	298	8	,	,	PUNCT
ijtc-1031	298	9	a.	a.	NOUN
ijtc-1031	298	10	a.	a.	NOUN
ijtc-1031	298	11	(	(	PUNCT
ijtc-1031	298	12	2020	2020	NUM
ijtc-1031	298	13	)	)	PUNCT
ijtc-1031	298	14	.	.	PUNCT
ijtc-1031	299	1	owner	owner	NOUN
ijtc-1031	299	2	:	:	PUNCT
ijtc-1031	299	3	riset	riset	PROPN
ijtc-1031	299	4	dan	dan	PROPN
ijtc-1031	299	5	jurnal	jurnal	PROPN
ijtc-1031	299	6	akuntansi	akuntansi	PROPN
ijtc-1031	299	7	pengaruh	pengaruh	PROPN
ijtc-1031	299	8	kebijakan	kebijakan	AUX
ijtc-1031	299	9	dividen	dividen	PROPN
ijtc-1031	299	10	terhadap	terhadap	PROPN
ijtc-1031	299	11	nilai	nilai	PROPN
ijtc-1031	299	12	perusahaan	perusahaan	PROPN
ijtc-1031	299	13	yang	yang	PROPN
ijtc-1031	299	14	terdaftar	terdaftar	PROPN
ijtc-1031	299	15	dalam	dalam	PROPN
ijtc-1031	299	16	indeks	indek	NOUN
ijtc-1031	299	17	lq	lq	ADP
ijtc-1031	299	18	45	45	NUM
ijtc-1031	299	19	.	.	PUNCT
ijtc-1031	300	1	owner	owner	NOUN
ijtc-1031	300	2	:	:	PUNCT
ijtc-1031	300	3	riset	riset	PROPN
ijtc-1031	300	4	dan	dan	PROPN
ijtc-1031	300	5	jurnal	jurnal	PROPN
ijtc-1031	300	6	akuntansi	akuntansi	PROPN
ijtc-1031	300	7	,	,	PUNCT
ijtc-1031	300	8	4(2	4(2	NUM
ijtc-1031	300	9	)	)	PUNCT
ijtc-1031	300	10	,	,	PUNCT
ijtc-1031	300	11	331–336	331–336	NUM
ijtc-1031	300	12	.	.	PUNCT
ijtc-1031	301	1	https://doi.org/10.33395/owner.v4n2	https://doi.org/10.33395/owner.v4n2	PROPN
ijtc-1031	301	2	prayogo	prayogo	NOUN
ijtc-1031	301	3	,	,	PUNCT
ijtc-1031	301	4	c.	c.	PROPN
ijtc-1031	301	5	a.	a.	PROPN
ijtc-1031	301	6	,	,	PUNCT
ijtc-1031	301	7	&	&	CCONJ
ijtc-1031	301	8	muhasan	muhasan	PROPN
ijtc-1031	301	9	,	,	PUNCT
ijtc-1031	301	10	i.	i.	PROPN
ijtc-1031	301	11	(	(	PUNCT
ijtc-1031	301	12	2022	2022	NUM
ijtc-1031	301	13	)	)	PUNCT
ijtc-1031	301	14	.	.	PUNCT
ijtc-1031	302	1	pengecualian	pengecualian	PROPN
ijtc-1031	302	2	dividen	dividen	PROPN
ijtc-1031	302	3	sebagai	sebagai	PROPN
ijtc-1031	302	4	objek	objek	X
ijtc-1031	302	5	pajak	pajak	ADV
ijtc-1031	302	6	penghasilan	penghasilan	PROPN
ijtc-1031	302	7	dalam	dalam	PROPN
ijtc-1031	302	8	undang	undang	PROPN
ijtc-1031	302	9	-	-	PUNCT
ijtc-1031	302	10	undang	undang	PROPN
ijtc-1031	302	11	cipta	cipta	VERB
ijtc-1031	302	12	kerja	kerja	PROPN
ijtc-1031	302	13	.	.	PUNCT
ijtc-1031	303	1	jurnal	jurnal	PROPN
ijtc-1031	303	2	pajak	pajak	PROPN
ijtc-1031	303	3	indonesia	indonesia	PROPN
ijtc-1031	303	4	,	,	PUNCT
ijtc-1031	303	5	6(25	6(25	PROPN
ijtc-1031	303	6	)	)	PUNCT
ijtc-1031	303	7	,	,	PUNCT
ijtc-1031	303	8	503–511	503–511	NUM
ijtc-1031	303	9	.	.	PUNCT
ijtc-1031	304	1	www.jurnal.pknstan.ac.id/index.php/jpi	www.jurnal.pknstan.ac.id/index.php/jpi	DET
ijtc-1031	304	2	rachmah	rachmah	NOUN
ijtc-1031	304	3	,	,	PUNCT
ijtc-1031	304	4	o.	o.	PROPN
ijtc-1031	304	5	s.	s.	PROPN
ijtc-1031	304	6	(	(	PUNCT
ijtc-1031	304	7	2019	2019	NUM
ijtc-1031	304	8	)	)	PUNCT
ijtc-1031	304	9	.	.	PUNCT
ijtc-1031	305	1	pengaruh	pengaruh	PROPN
ijtc-1031	305	2	laba	laba	PROPN
ijtc-1031	305	3	bersih	bersih	PROPN
ijtc-1031	305	4	,	,	PUNCT
ijtc-1031	305	5	arus	arus	PROPN
ijtc-1031	305	6	kas	kas	PROPN
ijtc-1031	305	7	operasi	operasi	PROPN
ijtc-1031	305	8	,	,	PUNCT
ijtc-1031	305	9	free	free	ADJ
ijtc-1031	305	10	cash	cash	NOUN
ijtc-1031	305	11	flow	flow	NOUN
ijtc-1031	305	12	terhadap	terhadap	PROPN
ijtc-1031	305	13	kebijakan	kebijakan	PROPN
ijtc-1031	305	14	dividen	dividen	PROPN
ijtc-1031	305	15	.	.	PUNCT
ijtc-1031	306	1	jurnal	jurnal	PROPN
ijtc-1031	306	2	ilmu	ilmu	PROPN
ijtc-1031	306	3	dan	dan	PROPN
ijtc-1031	306	4	riset	riset	PROPN
ijtc-1031	306	5	akuntansi	akuntansi	PROPN
ijtc-1031	306	6	,	,	PUNCT
ijtc-1031	306	7	8(1	8(1	NOUN
ijtc-1031	306	8	)	)	PUNCT
ijtc-1031	306	9	.	.	PUNCT
ijtc-1031	307	1	reysa	reysa	PROPN
ijtc-1031	307	2	,	,	PUNCT
ijtc-1031	307	3	r.	r.	PROPN
ijtc-1031	307	4	,	,	PUNCT
ijtc-1031	307	5	fitroh	fitroh	NOUN
ijtc-1031	307	6	,	,	PUNCT
ijtc-1031	307	7	u.	u.	PROPN
ijtc-1031	307	8	,	,	PUNCT
ijtc-1031	307	9	wibowo	wibowo	PROPN
ijtc-1031	307	10	,	,	PUNCT
ijtc-1031	307	11	c.	c.	PROPN
ijtc-1031	307	12	r.	r.	PROPN
ijtc-1031	307	13	,	,	PUNCT
ijtc-1031	307	14	&	&	CCONJ
ijtc-1031	307	15	rustanti	rustanti	PROPN
ijtc-1031	307	16	,	,	PUNCT
ijtc-1031	307	17	d.	d.	PROPN
ijtc-1031	307	18	(	(	PUNCT
ijtc-1031	307	19	2022	2022	NUM
ijtc-1031	307	20	)	)	PUNCT
ijtc-1031	307	21	.	.	PUNCT
ijtc-1031	308	1	determinasi	determinasi	PROPN
ijtc-1031	308	2	kebijakan	kebijakan	PROPN
ijtc-1031	308	3	dividen	dividen	PROPN
ijtc-1031	308	4	dan	dan	PROPN
ijtc-1031	308	5	kinerja	kinerja	PROPN
ijtc-1031	308	6	perusahaan	perusahaan	PROPN
ijtc-1031	308	7	:	:	PUNCT
ijtc-1031	308	8	kepemilikan	kepemilikan	PROPN
ijtc-1031	308	9	manajerial	manajerial	ADJ
ijtc-1031	308	10	dan	dan	PROPN
ijtc-1031	308	11	kinerja	kinerja	PROPN
ijtc-1031	308	12	keuangan	keuangan	PROPN
ijtc-1031	308	13	(	(	PUNCT
ijtc-1031	308	14	literature	literature	NOUN
ijtc-1031	308	15	review	review	NOUN
ijtc-1031	308	16	manajemen	manajeman	NOUN
ijtc-1031	308	17	keuangan	keuangan	VERB
ijtc-1031	308	18	.	.	PUNCT
ijtc-1031	309	1	jurnal	jurnal	ADJ
ijtc-1031	309	2	manajemen	manajeman	NOUN
ijtc-1031	309	3	pendidikan	pendidikan	PROPN
ijtc-1031	309	4	dan	dan	PROPN
ijtc-1031	309	5	ilmu	ilmu	PROPN
ijtc-1031	309	6	sosial	sosial	PROPN
ijtc-1031	309	7	,	,	PUNCT
ijtc-1031	309	8	3(1	3(1	NUM
ijtc-1031	309	9	)	)	PUNCT
ijtc-1031	309	10	.	.	PUNCT
ijtc-1031	310	1	https://doi.org/10.38035/jmpis.v3i1	https://doi.org/10.38035/jmpis.v3i1	PROPN
ijtc-1031	310	2	rohali	rohali	PROPN
ijtc-1031	310	3	,	,	PUNCT
ijtc-1031	310	4	s.	s.	PROPN
ijtc-1031	310	5	i.	i.	PROPN
ijtc-1031	310	6	,	,	PUNCT
ijtc-1031	310	7	&	&	CCONJ
ijtc-1031	310	8	utomo	utomo	PROPN
ijtc-1031	310	9	,	,	PUNCT
ijtc-1031	310	10	r.	r.	PROPN
ijtc-1031	310	11	(	(	PUNCT
ijtc-1031	310	12	2022	2022	NUM
ijtc-1031	310	13	)	)	PUNCT
ijtc-1031	310	14	.	.	PUNCT
ijtc-1031	311	1	tinjauan	tinjauan	PROPN
ijtc-1031	311	2	perlakuan	perlakuan	PROPN
ijtc-1031	311	3	pajak	pajak	PROPN
ijtc-1031	311	4	penghasilan	penghasilan	PROPN
ijtc-1031	311	5	atas	ata	NOUN
ijtc-1031	311	6	dividen	dividen	VERB
ijtc-1031	311	7	serta	serta	PROPN
ijtc-1031	311	8	dampaknya	dampaknya	PROPN
ijtc-1031	311	9	bagi	bagi	PROPN
ijtc-1031	311	10	pertumbuhan	pertumbuhan	PROPN
ijtc-1031	311	11	investasi	investasi	PROPN
ijtc-1031	311	12	di	di	PROPN
ijtc-1031	311	13	indonesia	indonesia	PROPN
ijtc-1031	311	14	malaysia	malaysia	PROPN
ijtc-1031	311	15	,	,	PUNCT
ijtc-1031	311	16	singapura	singapura	PROPN
ijtc-1031	311	17	,	,	PUNCT
ijtc-1031	311	18	dan	dan	PROPN
ijtc-1031	311	19	filipina	filipina	PROPN
ijtc-1031	311	20	.	.	PUNCT
ijtc-1031	312	1	jurnal	jurnal	PROPN
ijtc-1031	312	2	pajak	pajak	PROPN
ijtc-1031	312	3	indonesia	indonesia	PROPN
ijtc-1031	312	4	,	,	PUNCT
ijtc-1031	312	5	6(25	6(25	PROPN
ijtc-1031	312	6	)	)	PUNCT
ijtc-1031	312	7	,	,	PUNCT
ijtc-1031	312	8	529–549	529–549	NUM
ijtc-1031	312	9	.	.	PUNCT
ijtc-1031	313	1	savitri	savitri	PROPN
ijtc-1031	313	2	,	,	PUNCT
ijtc-1031	313	3	c.	c.	PROPN
ijtc-1031	313	4	,	,	PUNCT
ijtc-1031	313	5	faddila	faddila	PROPN
ijtc-1031	313	6	,	,	PUNCT
ijtc-1031	313	7	s.	s.	PROPN
ijtc-1031	313	8	p.	p.	PROPN
ijtc-1031	313	9	,	,	PUNCT
ijtc-1031	313	10	irmawartini	irmawartini	PROPN
ijtc-1031	313	11	,	,	PUNCT
ijtc-1031	313	12	i.	i.	PROPN
ijtc-1031	313	13	,	,	PUNCT
ijtc-1031	313	14	r.	r.	PROPN
ijtc-1031	313	15	,	,	PUNCT
ijtc-1031	313	16	h.	h.	PROPN
ijtc-1031	313	17	,	,	PUNCT
ijtc-1031	313	18	anam	anam	PROPN
ijtc-1031	313	19	,	,	PUNCT
ijtc-1031	313	20	c.	c.	PROPN
ijtc-1031	313	21	,	,	PUNCT
ijtc-1031	313	22	kristia	kristia	PROPN
ijtc-1031	313	23	,	,	PUNCT
ijtc-1031	313	24	&	&	CCONJ
ijtc-1031	313	25	siregar	siregar	NOUN
ijtc-1031	313	26	,	,	PUNCT
ijtc-1031	313	27	m.	m.	NOUN
ijtc-1031	313	28	t.	t.	NOUN
ijtc-1031	313	29	(	(	PUNCT
ijtc-1031	313	30	2021	2021	NUM
ijtc-1031	313	31	)	)	PUNCT
ijtc-1031	313	32	.	.	PUNCT
ijtc-1031	314	1	statistik	statistik	PROPN
ijtc-1031	314	2	multivariat	multivariat	PROPN
ijtc-1031	314	3	dalam	dalam	PROPN
ijtc-1031	314	4	riset	riset	PROPN
ijtc-1031	314	5	.	.	PUNCT
ijtc-1031	315	1	widina	widina	PROPN
ijtc-1031	315	2	bhakti	bhakti	PROPN
ijtc-1031	315	3	persada	persada	PROPN
ijtc-1031	315	4	bandung	bandung	PROPN
ijtc-1031	315	5	.	.	PUNCT
ijtc-1031	316	1	sejati	sejati	PROPN
ijtc-1031	316	2	,	,	PUNCT
ijtc-1031	316	3	f.	f.	PROPN
ijtc-1031	316	4	r.	r.	PROPN
ijtc-1031	316	5	,	,	PUNCT
ijtc-1031	316	6	ponto	ponto	NOUN
ijtc-1031	316	7	,	,	PUNCT
ijtc-1031	316	8	s.	s.	PROPN
ijtc-1031	316	9	,	,	PUNCT
ijtc-1031	316	10	prasetianingrum	prasetianingrum	PROPN
ijtc-1031	316	11	,	,	PUNCT
ijtc-1031	316	12	s.	s.	PROPN
ijtc-1031	316	13	,	,	PUNCT
ijtc-1031	316	14	sumartono	sumartono	PROPN
ijtc-1031	316	15	,	,	PUNCT
ijtc-1031	316	16	s.	s.	PROPN
ijtc-1031	316	17	,	,	PUNCT
ijtc-1031	316	18	&	&	CCONJ
ijtc-1031	316	19	sumbari	sumbari	PROPN
ijtc-1031	316	20	,	,	PUNCT
ijtc-1031	316	21	n.	n.	PROPN
ijtc-1031	316	22	n.	n.	PROPN
ijtc-1031	316	23	(	(	PUNCT
ijtc-1031	316	24	2020	2020	NUM
ijtc-1031	316	25	)	)	PUNCT
ijtc-1031	316	26	.	.	PUNCT
ijtc-1031	317	1	faktor	faktor	NOUN
ijtc-1031	317	2	-	-	PUNCT
ijtc-1031	317	3	faktor	faktor	PROPN
ijtc-1031	317	4	yang	yang	PROPN
ijtc-1031	317	5	mempengaruhi	mempengaruhi	PROPN
ijtc-1031	317	6	kebijakan	kebijakan	PROPN
ijtc-1031	317	7	dividen	dividen	PROPN
ijtc-1031	317	8	.	.	PUNCT
ijtc-1031	318	1	berkala	berkala	PROPN
ijtc-1031	318	2	akuntansi	akuntansi	PROPN
ijtc-1031	318	3	dan	dan	PROPN
ijtc-1031	318	4	keuangan	keuangan	PROPN
ijtc-1031	318	5	indonesia	indonesia	PROPN
ijtc-1031	318	6	,	,	PUNCT
ijtc-1031	318	7	5(2	5(2	NUM
ijtc-1031	318	8	)	)	PUNCT
ijtc-1031	318	9	,	,	PUNCT
ijtc-1031	318	10	110	110	NUM
ijtc-1031	318	11	.	.	PUNCT
ijtc-1031	319	1	https://doi.org/10.20473/baki.v5i2.21480	https://doi.org/10.20473/baki.v5i2.21480	NOUN
ijtc-1031	319	2	seraj	seraj	VERB
ijtc-1031	319	3	,	,	PUNCT
ijtc-1031	319	4	a.	a.	PROPN
ijtc-1031	319	5	h.	h.	PROPN
ijtc-1031	319	6	a.	a.	PROPN
ijtc-1031	319	7	,	,	PUNCT
ijtc-1031	319	8	fazal	fazal	PROPN
ijtc-1031	319	9	,	,	PUNCT
ijtc-1031	319	10	s.	s.	PROPN
ijtc-1031	319	11	a.	a.	PROPN
ijtc-1031	319	12	,	,	PUNCT
ijtc-1031	319	13	&	&	CCONJ
ijtc-1031	319	14	alshebami	alshebami	PROPN
ijtc-1031	319	15	,	,	PUNCT
ijtc-1031	319	16	a.	a.	PROPN
ijtc-1031	319	17	s.	s.	PROPN
ijtc-1031	319	18	(	(	PUNCT
ijtc-1031	319	19	2022	2022	NUM
ijtc-1031	319	20	)	)	PUNCT
ijtc-1031	319	21	.	.	PUNCT
ijtc-1031	320	1	entrepreneurial	entrepreneurial	ADJ
ijtc-1031	320	2	competency	competency	NOUN
ijtc-1031	320	3	,	,	PUNCT
ijtc-1031	320	4	financial	financial	ADJ
ijtc-1031	320	5	literacy	literacy	NOUN
ijtc-1031	320	6	,	,	PUNCT
ijtc-1031	320	7	and	and	CCONJ
ijtc-1031	320	8	sustainable	sustainable	ADJ
ijtc-1031	320	9	performance	performance	NOUN
ijtc-1031	320	10	—	—	PUNCT
ijtc-1031	320	11	examining	examine	VERB
ijtc-1031	320	12	the	the	DET
ijtc-1031	320	13	mediating	mediate	VERB
ijtc-1031	320	14	role	role	NOUN
ijtc-1031	320	15	of	of	ADP
ijtc-1031	320	16	entrepreneurial	entrepreneurial	ADJ
ijtc-1031	320	17	resilience	resilience	NOUN
ijtc-1031	320	18	among	among	ADP
ijtc-1031	320	19	saudi	saudi	ADJ
ijtc-1031	320	20	entrepreneurs	entrepreneur	NOUN
ijtc-1031	320	21	.	.	PUNCT
ijtc-1031	321	1	sustainability	sustainability	NOUN
ijtc-1031	321	2	(	(	PUNCT
ijtc-1031	321	3	switzerland	switzerland	PROPN
ijtc-1031	321	4	)	)	PUNCT
ijtc-1031	321	5	,	,	PUNCT
ijtc-1031	321	6	14(17	14(17	NUM
ijtc-1031	321	7	)	)	PUNCT
ijtc-1031	321	8	.	.	PUNCT
ijtc-1031	322	1	https://doi.org/10.3390/su141710689	https://doi.org/10.3390/su141710689	PROPN
ijtc-1031	322	2	sihombing	sihombe	VERB
ijtc-1031	322	3	,	,	PUNCT
ijtc-1031	322	4	p.	p.	PROPN
ijtc-1031	322	5	r.	r.	PROPN
ijtc-1031	322	6	(	(	PUNCT
ijtc-1031	322	7	2021	2021	NUM
ijtc-1031	322	8	)	)	PUNCT
ijtc-1031	322	9	.	.	PUNCT
ijtc-1031	323	1	corat	corat	PROPN
ijtc-1031	323	2	coret	coret	VERB
ijtc-1031	323	3	catatan	catatan	PROPN
ijtc-1031	323	4	statistisi	statistisi	PROPN
ijtc-1031	323	5	pemula	pemula	NOUN
ijtc-1031	323	6	(	(	PUNCT
ijtc-1031	323	7	1st	1st	ADJ
ijtc-1031	323	8	ed	ed	NOUN
ijtc-1031	323	9	.	.	PUNCT
ijtc-1031	323	10	)	)	PUNCT
ijtc-1031	323	11	.	.	PUNCT
ijtc-1031	324	1	yayasan	yayasan	PROPN
ijtc-1031	324	2	sahabat	sahabat	PROPN
ijtc-1031	324	3	alam	alam	PROPN
ijtc-1031	324	4	rafflesia	rafflesia	PROPN
ijtc-1031	324	5	.	.	PUNCT
ijtc-1031	325	1	sugeng	sugeng	PROPN
ijtc-1031	325	2	,	,	PUNCT
ijtc-1031	325	3	b.	b.	PROPN
ijtc-1031	325	4	(	(	PUNCT
ijtc-1031	325	5	2017	2017	NUM
ijtc-1031	325	6	)	)	PUNCT
ijtc-1031	325	7	.	.	PUNCT
ijtc-1031	326	1	manajemen	manajeman	NOUN
ijtc-1031	326	2	keuangan	keuangan	VERB
ijtc-1031	326	3	fundamental	fundamental	ADJ
ijtc-1031	326	4	(	(	PUNCT
ijtc-1031	326	5	1st	1st	ADJ
ijtc-1031	326	6	ed	ed	NOUN
ijtc-1031	326	7	.	.	PUNCT
ijtc-1031	326	8	)	)	PUNCT
ijtc-1031	326	9	.	.	PUNCT
ijtc-1031	327	1	deepublish	deepublish	PROPN
ijtc-1031	327	2	.	.	PUNCT
ijtc-1031	328	1	syah	syah	PROPN
ijtc-1031	328	2	,	,	PUNCT
ijtc-1031	328	3	w.	w.	PROPN
ijtc-1031	328	4	h.	h.	PROPN
ijtc-1031	328	5	h.	h.	PROPN
ijtc-1031	328	6	,	,	PUNCT
ijtc-1031	328	7	&	&	CCONJ
ijtc-1031	328	8	fachrudin	fachrudin	PROPN
ijtc-1031	328	9	,	,	PUNCT
ijtc-1031	328	10	m.	m.	NOUN
ijtc-1031	328	11	(	(	PUNCT
ijtc-1031	328	12	2020	2020	NUM
ijtc-1031	328	13	)	)	PUNCT
ijtc-1031	328	14	.	.	PUNCT
ijtc-1031	329	1	pdb	pdb	PROPN
ijtc-1031	329	2	dan	dan	PROPN
ijtc-1031	329	3	nilai	nilai	PROPN
ijtc-1031	329	4	kurs	kurs	PROPN
ijtc-1031	329	5	terhadap	terhadap	PROPN
ijtc-1031	329	6	impor	impor	PROPN
ijtc-1031	329	7	barang	barang	PROPN
ijtc-1031	329	8	asal	asal	PROPN
ijtc-1031	329	9	republik	republik	PROPN
ijtc-1031	329	10	rakyat	rakyat	PROPN
ijtc-1031	329	11	tiongkok	tiongkok	PROPN
ijtc-1031	329	12	(	(	PUNCT
ijtc-1031	329	13	rrt	rrt	NOUN
ijtc-1031	329	14	.	.	PUNCT
ijtc-1031	330	1	jurnal	jurnal	ADJ
ijtc-1031	330	2	perspektif	perspektif	PROPN
ijtc-1031	330	3	bea	bea	PROPN
ijtc-1031	330	4	dan	dan	PROPN
ijtc-1031	330	5	cukai	cukai	PROPN
ijtc-1031	330	6	,	,	PUNCT
ijtc-1031	330	7	90(2	90(2	NUM
ijtc-1031	330	8	)	)	PUNCT
ijtc-1031	330	9	.	.	PUNCT
ijtc-1031	331	1	ulfa	ulfa	PROPN
ijtc-1031	331	2	,	,	PUNCT
ijtc-1031	331	3	m.	m.	NOUN
ijtc-1031	331	4	,	,	PUNCT
ijtc-1031	331	5	wijaya	wijaya	PROPN
ijtc-1031	331	6	,	,	PUNCT
ijtc-1031	331	7	a.	a.	PROPN
ijtc-1031	331	8	l.	l.	PROPN
ijtc-1031	331	9	,	,	PUNCT
ijtc-1031	331	10	&	&	CCONJ
ijtc-1031	331	11	ubaidillah	ubaidillah	PROPN
ijtc-1031	331	12	,	,	PUNCT
ijtc-1031	331	13	m.	m.	NOUN
ijtc-1031	331	14	(	(	PUNCT
ijtc-1031	331	15	2020	2020	NUM
ijtc-1031	331	16	)	)	PUNCT
ijtc-1031	331	17	.	.	PUNCT
ijtc-1031	332	1	pengaruh	pengaruh	NOUN
ijtc-1031	332	2	profitabilitas	profitabilita	NOUN
ijtc-1031	332	3	,	,	PUNCT
ijtc-1031	332	4	likuiditas	likuiditas	PROPN
ijtc-1031	332	5	,	,	PUNCT
ijtc-1031	332	6	kebijakan	kebijakan	PROPN
ijtc-1031	332	7	hutang	hutang	PROPN
ijtc-1031	332	8	,	,	PUNCT
ijtc-1031	332	9	free	free	ADJ
ijtc-1031	332	10	cash	cash	NOUN
ijtc-1031	332	11	flow	flow	NOUN
ijtc-1031	332	12	terhadap	terhadap	PROPN
ijtc-1031	332	13	kebijakan	kebijakan	PROPN
ijtc-1031	332	14	dividen	dividen	PROPN
ijtc-1031	332	15	dengan	dengan	PROPN
ijtc-1031	332	16	ukuran	ukuran	PROPN
ijtc-1031	332	17	perusahaan	perusahaan	PROPN
ijtc-1031	332	18	sebagai	sebagai	PROPN
ijtc-1031	332	19	moderasi	moderasi	PROPN
ijtc-1031	332	20	(	(	PUNCT
ijtc-1031	332	21	studi	studi	PROPN
ijtc-1031	332	22	kasus	kasus	PROPN
ijtc-1031	332	23	pada	pada	PROPN
ijtc-1031	332	24	sektor	sektor	PROPN
ijtc-1031	332	25	perusahaan	perusahaan	PROPN
ijtc-1031	332	26	industri	industri	PROPN
ijtc-1031	332	27	barang	barang	PROPN
ijtc-1031	332	28	konsumsi	konsumsi	PROPN
ijtc-1031	332	29	yang	yang	PROPN
ijtc-1031	332	30	terdaftar	terdaftar	PROPN
ijtc-1031	332	31	di	di	PROPN
ijtc-1031	332	32	bei	bei	VERB
ijtc-1031	332	33	2015	2015	NUM
ijtc-1031	332	34	-	-	SYM
ijtc-1031	332	35	2018	2018	NUM
ijtc-1031	332	36	.	.	PUNCT
ijtc-1031	333	1	wafikhoh	wafikhoh	NOUN
ijtc-1031	333	2	,	,	PUNCT
ijtc-1031	333	3	i.	i.	PROPN
ijtc-1031	333	4	s.	s.	PROPN
ijtc-1031	333	5	(	(	PUNCT
ijtc-1031	333	6	2022	2022	NUM
ijtc-1031	333	7	)	)	PUNCT
ijtc-1031	333	8	.	.	PUNCT
ijtc-1031	334	1	pengecualian	pengecualian	PROPN
ijtc-1031	334	2	objek	objek	PROPN
ijtc-1031	334	3	pajak	pajak	ADV
ijtc-1031	334	4	penghasilan	penghasilan	VERB
ijtc-1031	334	5	wajib	wajib	PROPN
ijtc-1031	334	6	pajak	pajak	PROPN
ijtc-1031	334	7	badan	badan	PROPN
ijtc-1031	334	8	atas	atas	PROPN
ijtc-1031	334	9	dividen	dividen	VERB
ijtc-1031	334	10	.	.	PUNCT
ijtc-1031	335	1	jurist	jurist	NOUN
ijtc-1031	335	2	-	-	PUNCT
ijtc-1031	335	3	diction	diction	NOUN
ijtc-1031	335	4	,	,	PUNCT
ijtc-1031	335	5	5(2	5(2	NUM
ijtc-1031	335	6	)	)	PUNCT
ijtc-1031	335	7	,	,	PUNCT
ijtc-1031	335	8	537–550	537–550	NUM
ijtc-1031	335	9	.	.	PUNCT
ijtc-1031	336	1	https://doi.org/10.20473/jd.v5i2.34893	https://doi.org/10.20473/jd.v5i2.34893	PROPN
ijtc-1031	336	2	widjanarko	widjanarko	PROPN
ijtc-1031	336	3	,	,	PUNCT
ijtc-1031	336	4	p.	p.	PROPN
ijtc-1031	336	5	,	,	PUNCT
ijtc-1031	336	6	r.	r.	PROPN
ijtc-1031	336	7	,	,	PUNCT
ijtc-1031	336	8	t.	t.	PROPN
ijtc-1031	336	9	,	,	PUNCT
ijtc-1031	336	10	&	&	CCONJ
ijtc-1031	336	11	silvita	silvita	PROPN
ijtc-1031	336	12	,	,	PUNCT
ijtc-1031	336	13	f.	f.	PROPN
ijtc-1031	336	14	(	(	PUNCT
ijtc-1031	336	15	2021	2021	NUM
ijtc-1031	336	16	)	)	PUNCT
ijtc-1031	336	17	.	.	PUNCT
ijtc-1031	337	1	pengaruh	pengaruh	PROPN
ijtc-1031	337	2	laba	laba	PROPN
ijtc-1031	337	3	bersih	bersih	PROPN
ijtc-1031	337	4	,	,	PUNCT
ijtc-1031	337	5	hutang	hutang	PROPN
ijtc-1031	337	6	bank	bank	PROPN
ijtc-1031	337	7	dan	dan	PROPN
ijtc-1031	337	8	arus	arus	PROPN
ijtc-1031	337	9	kas	kas	PROPN
ijtc-1031	337	10	operasi	operasi	PROPN
ijtc-1031	337	11	terhadap	terhadap	PROPN
ijtc-1031	337	12	kebijakan	kebijakan	PROPN
ijtc-1031	337	13	dividen	dividen	PROPN
ijtc-1031	337	14	pada	pada	PROPN
ijtc-1031	337	15	perusahaan	perusahaan	PROPN
ijtc-1031	337	16	manufaktur	manufaktur	PROPN
ijtc-1031	337	17	yang	yang	PROPN
ijtc-1031	337	18	terdaftar	terdaftar	PROPN
ijtc-1031	337	19	di	di	PROPN
ijtc-1031	337	20	bei	bei	PROPN
ijtc-1031	337	21	pada	pada	PROPN
ijtc-1031	337	22	era	era	NOUN
ijtc-1031	337	23	pandemi	pandemi	NOUN
ijtc-1031	337	24	covid	covid	PROPN
ijtc-1031	337	25	19	19	NUM
ijtc-1031	337	26	.	.	PUNCT
ijtc-1031	338	1	jurnal	jurnal	PROPN
ijtc-1031	338	2	bisnis	bisnis	PROPN
ijtc-1031	338	3	,	,	PUNCT
ijtc-1031	338	4	logistik	logistik	PROPN
ijtc-1031	338	5	dan	dan	PROPN
ijtc-1031	338	6	supply	supply	PROPN
ijtc-1031	338	7	chain	chain	NOUN
ijtc-1031	338	8	,	,	PUNCT
ijtc-1031	338	9	1(2	1(2	NUM
ijtc-1031	338	10	)	)	PUNCT
ijtc-1031	338	11	.	.	PUNCT
ijtc-1031	339	1	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-1031	339	2	the	the	DET
ijtc-1031	339	3	influence	influence	NOUN
ijtc-1031	339	4	of	of	ADP
ijtc-1031	339	5	tax	tax	NOUN
ijtc-1031	339	6	exclusion	exclusion	NOUN
ijtc-1031	339	7	policies	policy	NOUN
ijtc-1031	339	8	and	and	CCONJ
ijtc-1031	339	9	other	other	ADJ
ijtc-1031	339	10	factors	factor	NOUN
ijtc-1031	339	11	on	on	ADP
ijtc-1031	339	12	the	the	DET
ijtc-1031	339	13	value	value	NOUN
ijtc-1031	339	14	of	of	ADP
ijtc-1031	339	15	dividends	dividend	NOUN
ijtc-1031	339	16	paid	pay	VERB
ijtc-1031	339	17	by	by	ADP
ijtc-1031	339	18	public	public	ADJ
ijtc-1031	339	19	companies	company	NOUN
ijtc-1031	339	20	in	in	ADP
ijtc-1031	339	21	indonesia	indonesia	PROPN
ijtc-1031	339	22	rizal	rizal	PROPN
ijtc-1031	339	23	,	,	PUNCT
ijtc-1031	339	24	supriyadi	supriyadi	NOUN
ijtc-1031	339	25	,	,	PUNCT
ijtc-1031	339	26	and	and	CCONJ
ijtc-1031	339	27	fachrudin	fachrudin	VERB
ijtc-1031	339	28	161	161	NUM
ijtc-1031	339	29	|	|	ADV
ijtc-1031	339	30	ilomata	ilomata	PROPN
ijtc-1031	339	31	international	international	ADJ
ijtc-1031	339	32	journal	journal	NOUN
ijtc-1031	339	33	of	of	ADP
ijtc-1031	339	34	tax	tax	PROPN
ijtc-1031	339	35	&	&	CCONJ
ijtc-1031	339	36	accounting	accounting	PROPN
ijtc-1031	339	37	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-1031	339	38	wijaya	wijaya	PROPN
ijtc-1031	339	39	,	,	PUNCT
ijtc-1031	339	40	s.	s.	PROPN
ijtc-1031	339	41	,	,	PUNCT
ijtc-1031	339	42	&	&	CCONJ
ijtc-1031	339	43	buana	buana	PROPN
ijtc-1031	339	44	,	,	PUNCT
ijtc-1031	339	45	b.	b.	PROPN
ijtc-1031	339	46	k.	k.	PROPN
ijtc-1031	339	47	(	(	PUNCT
ijtc-1031	339	48	2021	2021	NUM
ijtc-1031	339	49	)	)	PUNCT
ijtc-1031	339	50	.	.	PUNCT
ijtc-1031	340	1	insentif	insentif	NOUN
ijtc-1031	340	2	pajak	pajak	PROPN
ijtc-1031	340	3	masa	masa	PROPN
ijtc-1031	340	4	pandemi	pandemi	ADP
ijtc-1031	340	5	covid-19	covid-19	PROPN
ijtc-1031	340	6	untuk	untuk	PROPN
ijtc-1031	340	7	umkm	umkm	NOUN
ijtc-1031	340	8	.	.	PUNCT
ijtc-1031	341	1	guepedia.com	guepedia.com	X
ijtc-1031	341	2	.	.	PROPN
ijtc-1031	341	3	world	world	PROPN
ijtc-1031	341	4	bank	bank	PROPN
ijtc-1031	341	5	.	.	PUNCT
ijtc-1031	342	1	(	(	PUNCT
ijtc-1031	342	2	2018	2018	NUM
ijtc-1031	342	3	)	)	PUNCT
ijtc-1031	342	4	.	.	PUNCT
ijtc-1031	343	1	global	global	ADJ
ijtc-1031	343	2	investment	investment	NOUN
ijtc-1031	343	3	competitiveness	competitiveness	NOUN
ijtc-1031	343	4	report	report	NOUN
ijtc-1031	343	5	.	.	PUNCT
ijtc-1031	344	1	xu	xu	PROPN
ijtc-1031	344	2	,	,	PUNCT
ijtc-1031	344	3	r.	r.	PROPN
ijtc-1031	344	4	(	(	PUNCT
ijtc-1031	344	5	2023	2023	NUM
ijtc-1031	344	6	)	)	PUNCT
ijtc-1031	344	7	.	.	PUNCT
ijtc-1031	345	1	optimal	optimal	ADJ
ijtc-1031	345	2	singular	singular	ADJ
ijtc-1031	345	3	dividend	dividend	NOUN
ijtc-1031	345	4	control	control	NOUN
ijtc-1031	345	5	with	with	ADP
ijtc-1031	345	6	capital	capital	NOUN
ijtc-1031	345	7	injection	injection	NOUN
ijtc-1031	345	8	and	and	CCONJ
ijtc-1031	345	9	affine	affine	NOUN
ijtc-1031	345	10	penalty	penalty	NOUN
ijtc-1031	345	11	payment	payment	NOUN
ijtc-1031	345	12	at	at	ADP
ijtc-1031	345	13	ruin	ruin	NOUN
ijtc-1031	345	14	.	.	PUNCT
ijtc-1031	346	1	probability	probability	NOUN
ijtc-1031	346	2	in	in	ADP
ijtc-1031	346	3	the	the	DET
ijtc-1031	346	4	engineering	engineering	NOUN
ijtc-1031	346	5	and	and	CCONJ
ijtc-1031	346	6	informational	informational	ADJ
ijtc-1031	346	7	sciences	sciences	PROPN
ijtc-1031	346	8	,	,	PUNCT
ijtc-1031	346	9	37(2	37(2	NOUN
ijtc-1031	346	10	)	)	PUNCT
ijtc-1031	346	11	,	,	PUNCT
ijtc-1031	346	12	462–490	462–490	NUM
ijtc-1031	346	13	.	.	PUNCT
ijtc-1031	347	1	https://doi.org/10.1017/s0269964822000249	https://doi.org/10.1017/s0269964822000249	NUM
ijtc-1031	347	2	yagan	yagan	PROPN
ijtc-1031	347	3	,	,	PUNCT
ijtc-1031	347	4	d.	d.	PROPN
ijtc-1031	347	5	(	(	PUNCT
ijtc-1031	347	6	2018	2018	NUM
ijtc-1031	347	7	)	)	PUNCT
ijtc-1031	347	8	.	.	PUNCT
ijtc-1031	348	1	capital	capital	NOUN
ijtc-1031	348	2	tax	tax	NOUN
ijtc-1031	348	3	reform	reform	NOUN
ijtc-1031	348	4	and	and	CCONJ
ijtc-1031	348	5	the	the	DET
ijtc-1031	348	6	real	real	ADJ
ijtc-1031	348	7	economy	economy	NOUN
ijtc-1031	348	8	:	:	PUNCT
ijtc-1031	348	9	the	the	DET
ijtc-1031	348	10	effects	effect	NOUN
ijtc-1031	348	11	of	of	ADP
ijtc-1031	348	12	the	the	DET
ijtc-1031	348	13	2003	2003	NUM
ijtc-1031	348	14	dividend	dividend	NOUN
ijtc-1031	348	15	tax	tax	NOUN
ijtc-1031	348	16	cut	cut	NOUN
ijtc-1031	348	17	.	.	PUNCT
ijtc-1031	349	1	https://doi.org/http://www.nber.org/papers/w21003	https://doi.org/http://www.nber.org/papers/w21003	PROPN
ijtc-1031	349	2	yu	yu	PROPN
ijtc-1031	349	3	,	,	PUNCT
ijtc-1031	349	4	x.	x.	PROPN
ijtc-1031	349	5	,	,	PUNCT
ijtc-1031	349	6	wang	wang	PROPN
ijtc-1031	349	7	,	,	PUNCT
ijtc-1031	349	8	y.	y.	PROPN
ijtc-1031	349	9	,	,	PUNCT
ijtc-1031	349	10	chen	chen	PROPN
ijtc-1031	349	11	,	,	PUNCT
ijtc-1031	349	12	y.	y.	PROPN
ijtc-1031	349	13	,	,	PUNCT
ijtc-1031	349	14	&	&	CCONJ
ijtc-1031	349	15	wang	wang	PROPN
ijtc-1031	349	16	,	,	PUNCT
ijtc-1031	349	17	g.	g.	PROPN
ijtc-1031	349	18	(	(	PUNCT
ijtc-1031	349	19	2021	2021	NUM
ijtc-1031	349	20	)	)	PUNCT
ijtc-1031	349	21	.	.	PUNCT
ijtc-1031	350	1	dividend	dividend	NOUN
ijtc-1031	350	2	payouts	payout	NOUN
ijtc-1031	350	3	and	and	CCONJ
ijtc-1031	350	4	catering	catering	NOUN
ijtc-1031	350	5	to	to	ADP
ijtc-1031	350	6	demands	demand	NOUN
ijtc-1031	350	7	:	:	PUNCT
ijtc-1031	350	8	evidence	evidence	NOUN
ijtc-1031	350	9	from	from	ADP
ijtc-1031	350	10	a	a	DET
ijtc-1031	350	11	dividend	dividend	NOUN
ijtc-1031	350	12	tax	tax	NOUN
ijtc-1031	350	13	reform	reform	NOUN
ijtc-1031	350	14	.	.	PUNCT
ijtc-1031	351	1	international	international	ADJ
ijtc-1031	351	2	review	review	NOUN
ijtc-1031	351	3	of	of	ADP
ijtc-1031	351	4	financial	financial	ADJ
ijtc-1031	351	5	analysis	analysis	NOUN
ijtc-1031	351	6	,	,	PUNCT
ijtc-1031	351	7	77	77	NUM
ijtc-1031	351	8	.	.	PUNCT
ijtc-1031	352	1	https://doi.org/10.1016/j.irfa.2021.101841	https://doi.org/10.1016/j.irfa.2021.101841	PROPN
ijtc-1031	352	2	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV