id	sid	tid	token	lemma	pos
ijtc-777	1	1	the	the	DET
ijtc-777	1	2	illomata	illomata	PROPN
ijtc-777	1	3	international	international	PROPN
ijtc-777	1	4	journal	journal	PROPN
ijtc-777	1	5	of	of	ADP
ijtc-777	1	6	management	management	NOUN
ijtc-777	1	7	ilomata	ilomata	PROPN
ijtc-777	1	8	international	international	ADJ
ijtc-777	1	9	journal	journal	NOUN
ijtc-777	1	10	of	of	ADP
ijtc-777	1	11	tax	tax	PROPN
ijtc-777	1	12	&	&	CCONJ
ijtc-777	1	13	accounting	account	VERB
ijtc-777	1	14	p	p	PROPN
ijtc-777	1	15	-	-	PUNCT
ijtc-777	1	16	issn	issn	NOUN
ijtc-777	1	17	:	:	PUNCT
ijtc-777	1	18	2714	2714	NUM
ijtc-777	1	19	-	-	SYM
ijtc-777	1	20	9838	9838	NUM
ijtc-777	1	21	;	;	PUNCT
ijtc-777	1	22	e	e	X
ijtc-777	1	23	-	-	PUNCT
ijtc-777	1	24	issn	issn	NOUN
ijtc-777	1	25	:	:	PUNCT
ijtc-777	1	26	2714	2714	NUM
ijtc-777	1	27	-	-	SYM
ijtc-777	1	28	9846	9846	NUM
ijtc-777	1	29	volume	volume	NOUN
ijtc-777	1	30	4	4	NUM
ijtc-777	1	31	,	,	PUNCT
ijtc-777	1	32	issue	issue	NOUN
ijtc-777	1	33	3	3	NUM
ijtc-777	1	34	july	july	PROPN
ijtc-777	1	35	2023	2023	NUM
ijtc-777	1	36	page	page	NOUN
ijtc-777	1	37	no	no	INTJ
ijtc-777	1	38	.	.	PUNCT
ijtc-777	2	1	451	451	NUM
ijtc-777	2	2	-	-	SYM
ijtc-777	2	3	469	469	NUM
ijtc-777	2	4	451	451	NUM
ijtc-777	2	5	|	|	ADV
ijtc-777	2	6	ilomata	ilomata	PROPN
ijtc-777	2	7	international	international	ADJ
ijtc-777	2	8	journal	journal	NOUN
ijtc-777	2	9	of	of	ADP
ijtc-777	2	10	tax	tax	PROPN
ijtc-777	2	11	&	&	CCONJ
ijtc-777	2	12	accounting	accounting	PROPN
ijtc-777	2	13	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-777	2	14	the	the	DET
ijtc-777	2	15	moderation	moderation	NOUN
ijtc-777	2	16	role	role	NOUN
ijtc-777	2	17	of	of	ADP
ijtc-777	2	18	tax	tax	NOUN
ijtc-777	2	19	rate	rate	NOUN
ijtc-777	2	20	reduction	reduction	NOUN
ijtc-777	2	21	and	and	CCONJ
ijtc-777	2	22	firm	firm	ADJ
ijtc-777	2	23	size	size	NOUN
ijtc-777	2	24	on	on	ADP
ijtc-777	2	25	the	the	DET
ijtc-777	2	26	effects	effect	NOUN
ijtc-777	2	27	of	of	ADP
ijtc-777	2	28	tax	tax	NOUN
ijtc-777	2	29	aggressiveness	aggressiveness	NOUN
ijtc-777	2	30	on	on	ADP
ijtc-777	2	31	company	company	NOUN
ijtc-777	2	32	value	value	NOUN
ijtc-777	2	33	faisal	faisal	NOUN
ijtc-777	2	34	ardhi1	ardhi1	PROPN
ijtc-777	2	35	,	,	PUNCT
ijtc-777	2	36	arief	arief	NOUN
ijtc-777	2	37	wibisono	wibisono	VERB
ijtc-777	2	38	lubis2	lubis2	PROPN
ijtc-777	3	1	12university	12university	NUM
ijtc-777	3	2	of	of	ADP
ijtc-777	3	3	indonesia	indonesia	PROPN
ijtc-777	3	4	,	,	PUNCT
ijtc-777	3	5	indonesia	indonesia	PROPN
ijtc-777	3	6	correspondent	correspondent	NOUN
ijtc-777	3	7	:	:	PUNCT
ijtc-777	3	8	faisal.ardhi11@ui.ac.id1	faisal.ardhi11@ui.ac.id1	ADV
ijtc-777	3	9	received	receive	VERB
ijtc-777	3	10	:	:	PUNCT
ijtc-777	3	11	june	june	PROPN
ijtc-777	3	12	1	1	NUM
ijtc-777	3	13	,	,	PUNCT
ijtc-777	3	14	2023	2023	NUM
ijtc-777	3	15	accepted	accept	VERB
ijtc-777	3	16	:	:	PUNCT
ijtc-777	3	17	july	july	PROPN
ijtc-777	3	18	15	15	NUM
ijtc-777	3	19	,	,	PUNCT
ijtc-777	3	20	2023	2023	NUM
ijtc-777	3	21	published	publish	VERB
ijtc-777	3	22	:	:	PUNCT
ijtc-777	3	23	july	july	PROPN
ijtc-777	3	24	31	31	NUM
ijtc-777	3	25	,	,	PUNCT
ijtc-777	3	26	2023	2023	NUM
ijtc-777	3	27	citation	citation	NOUN
ijtc-777	3	28	:	:	PUNCT
ijtc-777	4	1	ardhi	ardhi	PROPN
ijtc-777	4	2	,	,	PUNCT
ijtc-777	4	3	f.	f.	PROPN
ijtc-777	4	4	,	,	PUNCT
ijtc-777	4	5	lubis	lubis	PROPN
ijtc-777	4	6	,	,	PUNCT
ijtc-777	4	7	a	a	PRON
ijtc-777	4	8	,	,	PUNCT
ijtc-777	4	9	w.	w.	NOUN
ijtc-777	4	10	(	(	PUNCT
ijtc-777	4	11	2023	2023	NUM
ijtc-777	4	12	)	)	PUNCT
ijtc-777	4	13	.	.	PUNCT
ijtc-777	5	1	the	the	DET
ijtc-777	5	2	moderation	moderation	NOUN
ijtc-777	5	3	role	role	NOUN
ijtc-777	5	4	of	of	ADP
ijtc-777	5	5	tax	tax	NOUN
ijtc-777	5	6	rate	rate	NOUN
ijtc-777	5	7	reduction	reduction	NOUN
ijtc-777	5	8	and	and	CCONJ
ijtc-777	5	9	firm	firm	ADJ
ijtc-777	5	10	size	size	NOUN
ijtc-777	5	11	in	in	ADP
ijtc-777	5	12	the	the	DET
ijtc-777	5	13	effect	effect	NOUN
ijtc-777	5	14	of	of	ADP
ijtc-777	5	15	tax	tax	NOUN
ijtc-777	5	16	aggresiveness	aggresiveness	NOUN
ijtc-777	5	17	on	on	ADP
ijtc-777	5	18	company	company	NOUN
ijtc-777	5	19	value	value	NOUN
ijtc-777	5	20	.	.	PUNCT
ijtc-777	6	1	ilomata	ilomata	PROPN
ijtc-777	6	2	international	international	ADJ
ijtc-777	6	3	journal	journal	PROPN
ijtc-777	6	4	tax	tax	NOUN
ijtc-777	6	5	and	and	CCONJ
ijtc-777	6	6	accounting	accounting	NOUN
ijtc-777	6	7	,	,	PUNCT
ijtc-777	6	8	4(3	4(3	NUM
ijtc-777	6	9	)	)	PUNCT
ijtc-777	6	10	,	,	PUNCT
ijtc-777	6	11	451	451	NUM
ijtc-777	6	12	-	-	SYM
ijtc-777	6	13	469	469	NUM
ijtc-777	6	14	.	.	PUNCT
ijtc-777	7	1	https://doi.org/10.52728/ijtc.v4i3.777	https://doi.org/10.52728/ijtc.v4i3.777	PROPN
ijtc-777	7	2	abstract	abstract	NOUN
ijtc-777	7	3	:	:	PUNCT
ijtc-777	7	4	this	this	DET
ijtc-777	7	5	study	study	NOUN
ijtc-777	7	6	aims	aim	VERB
ijtc-777	7	7	to	to	PART
ijtc-777	7	8	examine	examine	VERB
ijtc-777	7	9	the	the	DET
ijtc-777	7	10	impacts	impact	NOUN
ijtc-777	7	11	of	of	ADP
ijtc-777	7	12	reducing	reduce	VERB
ijtc-777	7	13	tax	tax	NOUN
ijtc-777	7	14	rates	rate	NOUN
ijtc-777	7	15	and	and	CCONJ
ijtc-777	7	16	firm	firm	ADJ
ijtc-777	7	17	size	size	NOUN
ijtc-777	7	18	on	on	ADP
ijtc-777	7	19	tax	tax	NOUN
ijtc-777	7	20	aggressiveness	aggressiveness	NOUN
ijtc-777	7	21	in	in	ADP
ijtc-777	7	22	regards	regard	NOUN
ijtc-777	7	23	to	to	ADP
ijtc-777	7	24	the	the	DET
ijtc-777	7	25	company	company	NOUN
ijtc-777	7	26	value	value	NOUN
ijtc-777	7	27	in	in	ADP
ijtc-777	7	28	indonesia	indonesia	PROPN
ijtc-777	7	29	.	.	PUNCT
ijtc-777	8	1	this	this	DET
ijtc-777	8	2	study	study	NOUN
ijtc-777	8	3	used	use	VERB
ijtc-777	8	4	302	302	NUM
ijtc-777	8	5	samples	sample	NOUN
ijtc-777	8	6	of	of	ADP
ijtc-777	8	7	companies	company	NOUN
ijtc-777	8	8	with	with	ADP
ijtc-777	8	9	1,118	1,118	NUM
ijtc-777	8	10	observation	observation	NOUN
ijtc-777	8	11	points	point	NOUN
ijtc-777	8	12	within	within	ADP
ijtc-777	8	13	the	the	DET
ijtc-777	8	14	period	period	NOUN
ijtc-777	8	15	of	of	ADP
ijtc-777	8	16	2017	2017	NUM
ijtc-777	8	17	2021	2021	NUM
ijtc-777	8	18	.	.	PUNCT
ijtc-777	9	1	the	the	DET
ijtc-777	9	2	proxy	proxy	ADJ
ijtc-777	9	3	measurement	measurement	NOUN
ijtc-777	9	4	of	of	ADP
ijtc-777	9	5	tax	tax	NOUN
ijtc-777	9	6	aggressiveness	aggressiveness	NOUN
ijtc-777	9	7	is	be	AUX
ijtc-777	9	8	with	with	ADP
ijtc-777	9	9	effective	effective	ADJ
ijtc-777	9	10	tax	tax	NOUN
ijtc-777	9	11	rate	rate	NOUN
ijtc-777	9	12	and	and	CCONJ
ijtc-777	9	13	the	the	DET
ijtc-777	9	14	company	company	NOUN
ijtc-777	9	15	value	value	NOUN
ijtc-777	9	16	using	use	VERB
ijtc-777	9	17	tobins'q	tobins'q	PROPN
ijtc-777	9	18	.	.	PUNCT
ijtc-777	10	1	the	the	DET
ijtc-777	10	2	research	research	NOUN
ijtc-777	10	3	analysis	analysis	NOUN
ijtc-777	10	4	was	be	AUX
ijtc-777	10	5	carried	carry	VERB
ijtc-777	10	6	out	out	ADP
ijtc-777	10	7	using	use	VERB
ijtc-777	10	8	multiple	multiple	ADJ
ijtc-777	10	9	regression	regression	NOUN
ijtc-777	10	10	models	model	NOUN
ijtc-777	10	11	of	of	ADP
ijtc-777	10	12	panel	panel	NOUN
ijtc-777	10	13	data	datum	NOUN
ijtc-777	10	14	employing	employ	VERB
ijtc-777	10	15	fixed	fix	VERB
ijtc-777	10	16	effects	effect	NOUN
ijtc-777	10	17	as	as	ADP
ijtc-777	10	18	the	the	DET
ijtc-777	10	19	best	good	ADJ
ijtc-777	10	20	research	research	NOUN
ijtc-777	10	21	model	model	NOUN
ijtc-777	10	22	.	.	PUNCT
ijtc-777	11	1	the	the	DET
ijtc-777	11	2	results	result	NOUN
ijtc-777	11	3	showed	show	VERB
ijtc-777	11	4	that	that	SCONJ
ijtc-777	11	5	there	there	PRON
ijtc-777	11	6	was	be	VERB
ijtc-777	11	7	no	no	DET
ijtc-777	11	8	significant	significant	ADJ
ijtc-777	11	9	effect	effect	NOUN
ijtc-777	11	10	of	of	ADP
ijtc-777	11	11	aggressive	aggressive	ADJ
ijtc-777	11	12	tax	tax	NOUN
ijtc-777	11	13	on	on	ADP
ijtc-777	11	14	firm	firm	ADJ
ijtc-777	11	15	value	value	NOUN
ijtc-777	11	16	.	.	PUNCT
ijtc-777	12	1	this	this	DET
ijtc-777	12	2	study	study	NOUN
ijtc-777	12	3	also	also	ADV
ijtc-777	12	4	found	find	VERB
ijtc-777	12	5	that	that	SCONJ
ijtc-777	12	6	a	a	DET
ijtc-777	12	7	decrease	decrease	NOUN
ijtc-777	12	8	in	in	ADP
ijtc-777	12	9	tax	tax	NOUN
ijtc-777	12	10	rates	rate	NOUN
ijtc-777	12	11	did	do	AUX
ijtc-777	12	12	not	not	PART
ijtc-777	12	13	affect	affect	VERB
ijtc-777	12	14	the	the	DET
ijtc-777	12	15	relationship	relationship	NOUN
ijtc-777	12	16	between	between	ADP
ijtc-777	12	17	tax	tax	NOUN
ijtc-777	12	18	aggressiveness	aggressiveness	NOUN
ijtc-777	12	19	and	and	CCONJ
ijtc-777	12	20	firm	firm	ADJ
ijtc-777	12	21	value	value	NOUN
ijtc-777	12	22	,	,	PUNCT
ijtc-777	12	23	but	but	CCONJ
ijtc-777	12	24	firm	firm	ADJ
ijtc-777	12	25	size	size	NOUN
ijtc-777	12	26	did	do	VERB
ijtc-777	12	27	impact	impact	NOUN
ijtc-777	12	28	on	on	ADP
ijtc-777	12	29	both	both	PRON
ijtc-777	12	30	tax	tax	NOUN
ijtc-777	12	31	aggressiveness	aggressiveness	NOUN
ijtc-777	12	32	and	and	CCONJ
ijtc-777	12	33	firm	firm	ADJ
ijtc-777	12	34	value	value	NOUN
ijtc-777	12	35	.	.	PUNCT
ijtc-777	13	1	keywords	keyword	NOUN
ijtc-777	13	2	:	:	PUNCT
ijtc-777	13	3	tax	tax	NOUN
ijtc-777	13	4	aggressiveness	aggressiveness	NOUN
ijtc-777	13	5	,	,	PUNCT
ijtc-777	13	6	firm	firm	ADJ
ijtc-777	13	7	value	value	NOUN
ijtc-777	13	8	,	,	PUNCT
ijtc-777	13	9	tax	tax	NOUN
ijtc-777	13	10	rate	rate	NOUN
ijtc-777	13	11	reduction	reduction	NOUN
ijtc-777	13	12	,	,	PUNCT
ijtc-777	13	13	firm	firm	ADJ
ijtc-777	13	14	size	size	NOUN
ijtc-777	13	15	this	this	PRON
ijtc-777	13	16	is	be	AUX
ijtc-777	13	17	an	an	DET
ijtc-777	13	18	open	open	ADJ
ijtc-777	13	19	access	access	NOUN
ijtc-777	13	20	article	article	NOUN
ijtc-777	13	21	under	under	ADP
ijtc-777	13	22	the	the	DET
ijtc-777	13	23	cc	cc	NOUN
ijtc-777	13	24	-	-	PUNCT
ijtc-777	13	25	by	by	ADP
ijtc-777	13	26	4.0	4.0	NUM
ijtc-777	13	27	license	license	NOUN
ijtc-777	13	28	.	.	PUNCT
ijtc-777	14	1	introduction	introduction	NOUN
ijtc-777	14	2	the	the	DET
ijtc-777	14	3	efficiency	efficiency	NOUN
ijtc-777	14	4	of	of	ADP
ijtc-777	14	5	cash	cash	NOUN
ijtc-777	14	6	outflow	outflow	NOUN
ijtc-777	14	7	for	for	ADP
ijtc-777	14	8	tax	tax	NOUN
ijtc-777	14	9	payments	payment	NOUN
ijtc-777	14	10	can	can	AUX
ijtc-777	14	11	be	be	AUX
ijtc-777	14	12	utilized	utilize	VERB
ijtc-777	14	13	by	by	ADP
ijtc-777	14	14	companies	company	NOUN
ijtc-777	14	15	as	as	ADP
ijtc-777	14	16	a	a	DET
ijtc-777	14	17	capital	capital	NOUN
ijtc-777	14	18	to	to	PART
ijtc-777	14	19	increase	increase	VERB
ijtc-777	14	20	the	the	DET
ijtc-777	14	21	productivity	productivity	NOUN
ijtc-777	14	22	and	and	CCONJ
ijtc-777	14	23	the	the	DET
ijtc-777	14	24	performance	performance	NOUN
ijtc-777	14	25	of	of	ADP
ijtc-777	14	26	companies	company	NOUN
ijtc-777	14	27	as	as	ADV
ijtc-777	14	28	well	well	ADV
ijtc-777	14	29	as	as	ADP
ijtc-777	14	30	the	the	DET
ijtc-777	14	31	provision	provision	NOUN
ijtc-777	14	32	for	for	ADP
ijtc-777	14	33	the	the	DET
ijtc-777	14	34	shareholders	shareholder	NOUN
ijtc-777	14	35	.	.	PUNCT
ijtc-777	15	1	if	if	SCONJ
ijtc-777	15	2	this	this	DET
ijtc-777	15	3	policy	policy	NOUN
ijtc-777	15	4	can	can	AUX
ijtc-777	15	5	be	be	AUX
ijtc-777	15	6	implemented	implement	VERB
ijtc-777	15	7	,	,	PUNCT
ijtc-777	15	8	a	a	DET
ijtc-777	15	9	company	company	NOUN
ijtc-777	15	10	value	value	NOUN
ijtc-777	15	11	will	will	AUX
ijtc-777	15	12	increase	increase	VERB
ijtc-777	15	13	considerably	considerably	ADV
ijtc-777	15	14	.	.	PUNCT
ijtc-777	16	1	managerial	managerial	ADJ
ijtc-777	16	2	actions	action	NOUN
ijtc-777	16	3	are	be	AUX
ijtc-777	16	4	designed	design	VERB
ijtc-777	16	5	in	in	ADP
ijtc-777	16	6	such	such	DET
ijtc-777	16	7	a	a	DET
ijtc-777	16	8	way	way	NOUN
ijtc-777	16	9	and	and	CCONJ
ijtc-777	16	10	indirectly	indirectly	ADV
ijtc-777	16	11	focus	focus	VERB
ijtc-777	16	12	on	on	ADP
ijtc-777	16	13	minimizing	minimize	VERB
ijtc-777	16	14	tax	tax	NOUN
ijtc-777	16	15	liabilities	liability	NOUN
ijtc-777	16	16	from	from	ADP
ijtc-777	16	17	the	the	DET
ijtc-777	16	18	company	company	NOUN
ijtc-777	16	19	(	(	PUNCT
ijtc-777	16	20	marfiana	marfiana	PROPN
ijtc-777	16	21	et	et	PROPN
ijtc-777	16	22	al	al	PROPN
ijtc-777	16	23	.	.	PROPN
ijtc-777	16	24	,	,	PUNCT
ijtc-777	16	25	2021	2021	NUM
ijtc-777	16	26	)	)	PUNCT
ijtc-777	16	27	.	.	PUNCT
ijtc-777	17	1	basically	basically	ADV
ijtc-777	17	2	,	,	PUNCT
ijtc-777	17	3	an	an	DET
ijtc-777	17	4	increase	increase	NOUN
ijtc-777	17	5	in	in	ADP
ijtc-777	17	6	company	company	NOUN
ijtc-777	17	7	value	value	NOUN
ijtc-777	17	8	is	be	AUX
ijtc-777	17	9	achieved	achieve	VERB
ijtc-777	17	10	if	if	SCONJ
ijtc-777	17	11	there	there	PRON
ijtc-777	17	12	is	be	VERB
ijtc-777	17	13	an	an	DET
ijtc-777	17	14	alignment	alignment	NOUN
ijtc-777	17	15	of	of	ADP
ijtc-777	17	16	goals	goal	NOUN
ijtc-777	17	17	between	between	ADP
ijtc-777	17	18	shareholders	shareholder	NOUN
ijtc-777	17	19	and	and	CCONJ
ijtc-777	17	20	company	company	NOUN
ijtc-777	17	21	management	management	NOUN
ijtc-777	17	22	(	(	PUNCT
ijtc-777	17	23	ramajo	ramajo	ADV
ijtc-777	17	24	et	et	PROPN
ijtc-777	17	25	al	al	PROPN
ijtc-777	17	26	.	.	PROPN
ijtc-777	17	27	,	,	PUNCT
ijtc-777	17	28	2020	2020	NUM
ijtc-777	17	29	;	;	PUNCT
ijtc-777	17	30	wang	wang	PROPN
ijtc-777	17	31	et	et	PROPN
ijtc-777	17	32	al	al	PROPN
ijtc-777	17	33	.	.	PROPN
ijtc-777	17	34	,	,	PUNCT
ijtc-777	17	35	2018	2018	NUM
ijtc-777	17	36	)	)	PUNCT
ijtc-777	17	37	.	.	PUNCT
ijtc-777	18	1	the	the	DET
ijtc-777	18	2	interests	interest	NOUN
ijtc-777	18	3	of	of	ADP
ijtc-777	18	4	shareholders	shareholder	NOUN
ijtc-777	18	5	are	be	AUX
ijtc-777	18	6	on	on	ADP
ijtc-777	18	7	the	the	DET
ijtc-777	18	8	value	value	NOUN
ijtc-777	18	9	of	of	ADP
ijtc-777	18	10	the	the	DET
ijtc-777	18	11	company	company	NOUN
ijtc-777	18	12	and	and	CCONJ
ijtc-777	18	13	the	the	DET
ijtc-777	18	14	distribution	distribution	NOUN
ijtc-777	18	15	of	of	ADP
ijtc-777	18	16	profit	profit	NOUN
ijtc-777	18	17	after	after	ADP
ijtc-777	18	18	tax	tax	NOUN
ijtc-777	18	19	,	,	PUNCT
ijtc-777	18	20	whereas	whereas	SCONJ
ijtc-777	18	21	the	the	DET
ijtc-777	18	22	interests	interest	NOUN
ijtc-777	18	23	of	of	ADP
ijtc-777	18	24	managers	manager	NOUN
ijtc-777	18	25	as	as	ADP
ijtc-777	18	26	the	the	DET
ijtc-777	18	27	representatives	representative	NOUN
ijtc-777	18	28	of	of	ADP
ijtc-777	18	29	the	the	DET
ijtc-777	18	30	company	company	NOUN
ijtc-777	18	31	are	be	AUX
ijtc-777	18	32	compensation	compensation	NOUN
ijtc-777	18	33	such	such	ADJ
ijtc-777	18	34	as	as	ADP
ijtc-777	18	35	salaries	salary	NOUN
ijtc-777	18	36	and	and	CCONJ
ijtc-777	18	37	other	other	ADJ
ijtc-777	18	38	financial	financial	ADJ
ijtc-777	18	39	and	and	CCONJ
ijtc-777	18	40	non	non	ADJ
ijtc-777	18	41	-	-	ADJ
ijtc-777	18	42	financial	financial	ADJ
ijtc-777	18	43	benefits	benefit	NOUN
ijtc-777	18	44	(	(	PUNCT
ijtc-777	18	45	hantina	hantina	PROPN
ijtc-777	18	46	,	,	PUNCT
ijtc-777	18	47	2014	2014	NUM
ijtc-777	18	48	)	)	PUNCT
ijtc-777	18	49	.	.	PUNCT
ijtc-777	19	1	tax	tax	NOUN
ijtc-777	19	2	aggressiveness	aggressiveness	NOUN
ijtc-777	19	3	is	be	AUX
ijtc-777	19	4	a	a	DET
ijtc-777	19	5	measure	measure	NOUN
ijtc-777	19	6	aimed	aim	VERB
ijtc-777	19	7	at	at	ADP
ijtc-777	19	8	reducing	reduce	VERB
ijtc-777	19	9	tax	tax	NOUN
ijtc-777	19	10	exposure	exposure	NOUN
ijtc-777	19	11	through	through	ADP
ijtc-777	19	12	legitimate	legitimate	ADJ
ijtc-777	19	13	means	mean	NOUN
ijtc-777	19	14	by	by	ADP
ijtc-777	19	15	not	not	PART
ijtc-777	19	16	violating	violate	VERB
ijtc-777	19	17	the	the	DET
ijtc-777	19	18	rules	rule	NOUN
ijtc-777	19	19	through	through	ADP
ijtc-777	19	20	tax	tax	NOUN
ijtc-777	19	21	planning	planning	NOUN
ijtc-777	19	22	or	or	CCONJ
ijtc-777	19	23	by	by	ADP
ijtc-777	19	24	manipulating	manipulate	VERB
ijtc-777	19	25	taxes	taxis	NOUN
ijtc-777	19	26	or	or	CCONJ
ijtc-777	19	27	tax	tax	NOUN
ijtc-777	19	28	evasion	evasion	NOUN
ijtc-777	19	29	.	.	PUNCT
ijtc-777	20	1	(	(	PUNCT
ijtc-777	20	2	frank	frank	PROPN
ijtc-777	20	3	et	et	PROPN
ijtc-777	20	4	al	al	PROPN
ijtc-777	20	5	.	.	PROPN
ijtc-777	20	6	,	,	PUNCT
ijtc-777	20	7	2009	2009	NUM
ijtc-777	20	8	;	;	PUNCT
ijtc-777	20	9	mashuri	mashuri	PROPN
ijtc-777	20	10	&	&	CCONJ
ijtc-777	20	11	ermaya	ermaya	PROPN
ijtc-777	20	12	,	,	PUNCT
ijtc-777	20	13	2019	2019	NUM
ijtc-777	20	14	)	)	PUNCT
ijtc-777	20	15	.	.	PUNCT
ijtc-777	21	1	these	these	DET
ijtc-777	21	2	policies	policy	NOUN
ijtc-777	21	3	are	be	AUX
ijtc-777	21	4	made	make	VERB
ijtc-777	21	5	to	to	PART
ijtc-777	21	6	minimize	minimize	VERB
ijtc-777	21	7	the	the	DET
ijtc-777	21	8	amount	amount	NOUN
ijtc-777	21	9	of	of	ADP
ijtc-777	21	10	tax	tax	NOUN
ijtc-777	21	11	,	,	PUNCT
ijtc-777	21	12	known	know	VERB
ijtc-777	21	13	as	as	ADP
ijtc-777	21	14	tax	tax	NOUN
ijtc-777	21	15	aggressiveness	aggressiveness	NOUN
ijtc-777	21	16	(	(	PUNCT
ijtc-777	21	17	drucker	drucker	NOUN
ijtc-777	21	18	et	et	PROPN
ijtc-777	21	19	al	al	PROPN
ijtc-777	21	20	.	.	PROPN
ijtc-777	21	21	,	,	PUNCT
ijtc-777	21	22	2020	2020	NUM
ijtc-777	21	23	;	;	PUNCT
ijtc-777	21	24	jia	jia	PROPN
ijtc-777	21	25	et	et	PROPN
ijtc-777	21	26	al	al	PROPN
ijtc-777	21	27	.	.	PROPN
ijtc-777	21	28	,	,	PUNCT
ijtc-777	21	29	2020	2020	NUM
ijtc-777	21	30	;	;	PUNCT
ijtc-777	21	31	richardson	richardson	PROPN
ijtc-777	21	32	&	&	CCONJ
ijtc-777	21	33	taylor	taylor	PROPN
ijtc-777	21	34	,	,	PUNCT
ijtc-777	21	35	2015	2015	NUM
ijtc-777	21	36	)	)	PUNCT
ijtc-777	21	37	.	.	PUNCT
ijtc-777	22	1	the	the	DET
ijtc-777	22	2	previous	previous	ADJ
ijtc-777	22	3	researches	research	VERB
ijtc-777	22	4	on	on	ADP
ijtc-777	22	5	tax	tax	NOUN
ijtc-777	22	6	aggressiveness	aggressiveness	NOUN
ijtc-777	22	7	and	and	CCONJ
ijtc-777	22	8	corporate	corporate	ADJ
ijtc-777	22	9	value	value	NOUN
ijtc-777	22	10	indicated	indicate	VERB
ijtc-777	22	11	inconsistent	inconsistent	ADJ
ijtc-777	22	12	output	output	NOUN
ijtc-777	22	13	.	.	PUNCT
ijtc-777	23	1	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-777	23	2	mailto:faisal.ardhi11@ui.ac.id	mailto:faisal.ardhi11@ui.ac.id	X
ijtc-777	23	3	https://doi.org/10.52728/ijtc.v4i3.777	https://doi.org/10.52728/ijtc.v4i3.777	VERB
ijtc-777	23	4	the	the	DET
ijtc-777	23	5	moderation	moderation	NOUN
ijtc-777	23	6	role	role	NOUN
ijtc-777	23	7	of	of	ADP
ijtc-777	23	8	tax	tax	NOUN
ijtc-777	23	9	rate	rate	NOUN
ijtc-777	23	10	reduction	reduction	NOUN
ijtc-777	23	11	and	and	CCONJ
ijtc-777	23	12	state	state	NOUN
ijtc-777	23	13	ownership	ownership	NOUN
ijtc-777	23	14	status	status	NOUN
ijtc-777	23	15	in	in	ADP
ijtc-777	23	16	the	the	DET
ijtc-777	23	17	effect	effect	NOUN
ijtc-777	23	18	of	of	ADP
ijtc-777	23	19	tax	tax	NOUN
ijtc-777	23	20	aggresiveness	aggresiveness	NOUN
ijtc-777	23	21	on	on	ADP
ijtc-777	23	22	company	company	NOUN
ijtc-777	23	23	value	value	NOUN
ijtc-777	23	24	ardhi	ardhi	NOUN
ijtc-777	23	25	and	and	CCONJ
ijtc-777	23	26	lubis	lubi	VERB
ijtc-777	23	27	452	452	NUM
ijtc-777	23	28	|	|	ADV
ijtc-777	23	29	ilomata	ilomata	PROPN
ijtc-777	23	30	international	international	ADJ
ijtc-777	23	31	journal	journal	NOUN
ijtc-777	23	32	of	of	ADP
ijtc-777	23	33	tax	tax	PROPN
ijtc-777	23	34	&	&	CCONJ
ijtc-777	23	35	accounting	accounting	PROPN
ijtc-777	23	36	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-777	23	37	(	(	PUNCT
ijtc-777	23	38	abdelfattaha	abdelfattaha	PROPN
ijtc-777	23	39	&	&	CCONJ
ijtc-777	23	40	aboud	aboud	PROPN
ijtc-777	23	41	,	,	PUNCT
ijtc-777	23	42	2020	2020	NUM
ijtc-777	23	43	;	;	PUNCT
ijtc-777	23	44	chen	chen	PROPN
ijtc-777	23	45	et	et	PROPN
ijtc-777	23	46	al	al	PROPN
ijtc-777	23	47	.	.	PROPN
ijtc-777	23	48	,	,	PUNCT
ijtc-777	23	49	2014	2014	NUM
ijtc-777	23	50	;	;	PUNCT
ijtc-777	23	51	mangoting	mangote	VERB
ijtc-777	23	52	et	et	PROPN
ijtc-777	23	53	al	al	PROPN
ijtc-777	23	54	.	.	PROPN
ijtc-777	23	55	,	,	PUNCT
ijtc-777	23	56	2019	2019	NUM
ijtc-777	23	57	)	)	PUNCT
ijtc-777	23	58	found	find	VERB
ijtc-777	23	59	that	that	SCONJ
ijtc-777	23	60	tax	tax	NOUN
ijtc-777	23	61	planning	planning	NOUN
ijtc-777	23	62	adopted	adopt	VERB
ijtc-777	23	63	by	by	ADP
ijtc-777	23	64	companies	company	NOUN
ijtc-777	23	65	has	have	VERB
ijtc-777	23	66	a	a	DET
ijtc-777	23	67	negative	negative	ADJ
ijtc-777	23	68	impact	impact	NOUN
ijtc-777	23	69	on	on	ADP
ijtc-777	23	70	company	company	NOUN
ijtc-777	23	71	value	value	NOUN
ijtc-777	23	72	.	.	PUNCT
ijtc-777	24	1	(	(	PUNCT
ijtc-777	24	2	sandy	sandy	PROPN
ijtc-777	24	3	&	&	CCONJ
ijtc-777	24	4	lukviarman	lukviarman	NOUN
ijtc-777	24	5	,	,	PUNCT
ijtc-777	24	6	2015	2015	NUM
ijtc-777	24	7	)	)	PUNCT
ijtc-777	24	8	suggest	suggest	VERB
ijtc-777	24	9	that	that	SCONJ
ijtc-777	24	10	tax	tax	NOUN
ijtc-777	24	11	aggressiveness	aggressiveness	NOUN
ijtc-777	24	12	has	have	VERB
ijtc-777	24	13	no	no	DET
ijtc-777	24	14	influence	influence	NOUN
ijtc-777	24	15	on	on	ADP
ijtc-777	24	16	company	company	NOUN
ijtc-777	24	17	value	value	NOUN
ijtc-777	24	18	.	.	PUNCT
ijtc-777	25	1	moreover	moreover	ADV
ijtc-777	25	2	,	,	PUNCT
ijtc-777	25	3	(	(	PUNCT
ijtc-777	25	4	mulyani	mulyani	X
ijtc-777	25	5	et	et	PROPN
ijtc-777	25	6	al	al	PROPN
ijtc-777	25	7	.	.	PROPN
ijtc-777	25	8	,	,	PUNCT
ijtc-777	25	9	2018	2018	NUM
ijtc-777	25	10	)	)	PUNCT
ijtc-777	25	11	,	,	PUNCT
ijtc-777	25	12	added	add	VERB
ijtc-777	25	13	that	that	SCONJ
ijtc-777	25	14	long	long	ADJ
ijtc-777	25	15	-	-	PUNCT
ijtc-777	25	16	term	term	NOUN
ijtc-777	25	17	tax	tax	NOUN
ijtc-777	25	18	avoidance	avoidance	NOUN
ijtc-777	25	19	has	have	VERB
ijtc-777	25	20	a	a	DET
ijtc-777	25	21	positive	positive	ADJ
ijtc-777	25	22	effect	effect	NOUN
ijtc-777	25	23	on	on	ADP
ijtc-777	25	24	company	company	NOUN
ijtc-777	25	25	value	value	NOUN
ijtc-777	25	26	.	.	PUNCT
ijtc-777	26	1	those	those	PRON
ijtc-777	26	2	who	who	PRON
ijtc-777	26	3	put	put	VERB
ijtc-777	26	4	forward	forward	ADP
ijtc-777	26	5	the	the	DET
ijtc-777	26	6	political	political	ADJ
ijtc-777	26	7	cost	cost	NOUN
ijtc-777	26	8	hypothesis	hypothesis	NOUN
ijtc-777	26	9	argue	argue	VERB
ijtc-777	26	10	that	that	SCONJ
ijtc-777	26	11	larger	large	ADJ
ijtc-777	26	12	scale	scale	NOUN
ijtc-777	26	13	companies	company	NOUN
ijtc-777	26	14	with	with	ADP
ijtc-777	26	15	their	their	PRON
ijtc-777	26	16	assets	asset	NOUN
ijtc-777	26	17	and	and	CCONJ
ijtc-777	26	18	property	property	NOUN
ijtc-777	26	19	are	be	AUX
ijtc-777	26	20	the	the	DET
ijtc-777	26	21	victims	victim	NOUN
ijtc-777	26	22	of	of	ADP
ijtc-777	26	23	government	government	NOUN
ijtc-777	26	24	regulations	regulation	NOUN
ijtc-777	26	25	in	in	ADP
ijtc-777	26	26	which	which	PRON
ijtc-777	26	27	the	the	DET
ijtc-777	26	28	provision	provision	NOUN
ijtc-777	26	29	of	of	ADP
ijtc-777	26	30	wealth	wealth	NOUN
ijtc-777	26	31	is	be	AUX
ijtc-777	26	32	controlled	control	VERB
ijtc-777	26	33	.	.	PUNCT
ijtc-777	27	1	taxes	taxis	NOUN
ijtc-777	27	2	,	,	PUNCT
ijtc-777	27	3	however	however	ADV
ijtc-777	27	4	,	,	PUNCT
ijtc-777	27	5	are	be	AUX
ijtc-777	27	6	one	one	NUM
ijtc-777	27	7	of	of	ADP
ijtc-777	27	8	several	several	ADJ
ijtc-777	27	9	components	component	NOUN
ijtc-777	27	10	of	of	ADP
ijtc-777	27	11	burdensome	burdensome	ADJ
ijtc-777	27	12	political	political	ADJ
ijtc-777	27	13	costs	cost	NOUN
ijtc-777	27	14	.	.	PUNCT
ijtc-777	28	1	the	the	DET
ijtc-777	28	2	concept	concept	NOUN
ijtc-777	28	3	of	of	ADP
ijtc-777	28	4	political	political	ADJ
ijtc-777	28	5	costs	cost	NOUN
ijtc-777	28	6	emphasizes	emphasize	VERB
ijtc-777	28	7	that	that	SCONJ
ijtc-777	28	8	the	the	DET
ijtc-777	28	9	bigger	big	ADJ
ijtc-777	28	10	effective	effective	ADJ
ijtc-777	28	11	tax	tax	NOUN
ijtc-777	28	12	rates	rate	NOUN
ijtc-777	28	13	contributed	contribute	VERB
ijtc-777	28	14	by	by	ADP
ijtc-777	28	15	large	large	ADJ
ijtc-777	28	16	companies	company	NOUN
ijtc-777	28	17	,	,	PUNCT
ijtc-777	28	18	the	the	DET
ijtc-777	28	19	more	more	ADV
ijtc-777	28	20	aggressive	aggressive	ADJ
ijtc-777	28	21	the	the	DET
ijtc-777	28	22	government	government	NOUN
ijtc-777	28	23	will	will	AUX
ijtc-777	28	24	be	be	AUX
ijtc-777	28	25	in	in	ADP
ijtc-777	28	26	accessing	access	VERB
ijtc-777	28	27	the	the	DET
ijtc-777	28	28	company	company	NOUN
ijtc-777	28	29	resources	resource	NOUN
ijtc-777	28	30	,	,	PUNCT
ijtc-777	28	31	compared	compare	VERB
ijtc-777	28	32	to	to	ADP
ijtc-777	28	33	small	small	ADJ
ijtc-777	28	34	scale	scale	NOUN
ijtc-777	28	35	businesses	business	NOUN
ijtc-777	28	36	(	(	PUNCT
ijtc-777	28	37	hantina	hantina	PROPN
ijtc-777	28	38	,	,	PUNCT
ijtc-777	28	39	2014	2014	NUM
ijtc-777	28	40	)	)	PUNCT
ijtc-777	28	41	.	.	PUNCT
ijtc-777	29	1	there	there	PRON
ijtc-777	29	2	are	be	VERB
ijtc-777	29	3	a	a	DET
ijtc-777	29	4	number	number	NOUN
ijtc-777	29	5	of	of	ADP
ijtc-777	29	6	tax	tax	NOUN
ijtc-777	29	7	aggressiveness	aggressiveness	NOUN
ijtc-777	29	8	practices	practice	NOUN
ijtc-777	29	9	in	in	ADP
ijtc-777	29	10	indonesia	indonesia	PROPN
ijtc-777	29	11	carried	carry	VERB
ijtc-777	29	12	out	out	ADP
ijtc-777	29	13	by	by	ADP
ijtc-777	29	14	national	national	ADJ
ijtc-777	29	15	and/or	and/or	CCONJ
ijtc-777	29	16	multinational	multinational	ADJ
ijtc-777	29	17	companies	company	NOUN
ijtc-777	29	18	that	that	PRON
ijtc-777	29	19	have	have	AUX
ijtc-777	29	20	been	be	AUX
ijtc-777	29	21	followed	follow	VERB
ijtc-777	29	22	up	up	ADP
ijtc-777	29	23	by	by	ADP
ijtc-777	29	24	dgt	dgt	NOUN
ijtc-777	29	25	.	.	PUNCT
ijtc-777	30	1	some	some	PRON
ijtc-777	30	2	of	of	ADP
ijtc-777	30	3	these	these	DET
ijtc-777	30	4	companies	company	NOUN
ijtc-777	30	5	include	include	VERB
ijtc-777	30	6	;	;	PUNCT
ijtc-777	30	7	pt	pt	X
ijtc-777	30	8	.	.	PROPN
ijtc-777	30	9	indosat	indosat	PROPN
ijtc-777	30	10	that	that	PRON
ijtc-777	30	11	was	be	AUX
ijtc-777	30	12	indicated	indicate	VERB
ijtc-777	30	13	to	to	PART
ijtc-777	30	14	have	have	AUX
ijtc-777	30	15	manipulated	manipulate	VERB
ijtc-777	30	16	the	the	DET
ijtc-777	30	17	notification	notification	NOUN
ijtc-777	30	18	letters	letter	NOUN
ijtc-777	30	19	in	in	ADP
ijtc-777	30	20	2002	2002	NUM
ijtc-777	30	21	–	–	PUNCT
ijtc-777	30	22	2003	2003	NUM
ijtc-777	30	23	;	;	PUNCT
ijtc-777	30	24	pt	pt	PROPN
ijtc-777	30	25	.	.	PROPN
ijtc-777	30	26	adaro	adaro	NOUN
ijtc-777	30	27	energy	energy	NOUN
ijtc-777	30	28	in	in	ADP
ijtc-777	30	29	the	the	DET
ijtc-777	30	30	period	period	NOUN
ijtc-777	30	31	2009	2009	NUM
ijtc-777	30	32	to	to	ADP
ijtc-777	30	33	2017	2017	NUM
ijtc-777	30	34	which	which	PRON
ijtc-777	30	35	allegedly	allegedly	ADV
ijtc-777	30	36	practiced	practice	VERB
ijtc-777	30	37	tax	tax	NOUN
ijtc-777	30	38	aggressiveness	aggressiveness	NOUN
ijtc-777	30	39	through	through	ADP
ijtc-777	30	40	a	a	DET
ijtc-777	30	41	transfer	transfer	NOUN
ijtc-777	30	42	pricing	pricing	NOUN
ijtc-777	30	43	scheme	scheme	NOUN
ijtc-777	30	44	to	to	ADP
ijtc-777	30	45	affiliates	affiliate	NOUN
ijtc-777	30	46	located	locate	VERB
ijtc-777	30	47	in	in	ADP
ijtc-777	30	48	singapore	singapore	PROPN
ijtc-777	30	49	(	(	PUNCT
ijtc-777	30	50	detikfinance	detikfinance	NOUN
ijtc-777	30	51	,	,	PUNCT
ijtc-777	30	52	2019	2019	NUM
ijtc-777	30	53	)	)	PUNCT
ijtc-777	30	54	;	;	PUNCT
ijtc-777	30	55	as	as	ADV
ijtc-777	30	56	well	well	ADV
ijtc-777	30	57	as	as	ADP
ijtc-777	30	58	several	several	ADJ
ijtc-777	30	59	other	other	ADJ
ijtc-777	30	60	companies	company	NOUN
ijtc-777	30	61	such	such	ADJ
ijtc-777	30	62	as	as	ADP
ijtc-777	30	63	bumi	bumi	PROPN
ijtc-777	30	64	resources	resource	NOUN
ijtc-777	30	65	,	,	PUNCT
ijtc-777	30	66	asian	asian	ADJ
ijtc-777	30	67	agriculture	agriculture	NOUN
ijtc-777	30	68	,	,	PUNCT
ijtc-777	30	69	and	and	CCONJ
ijtc-777	30	70	the	the	DET
ijtc-777	30	71	list	list	NOUN
ijtc-777	30	72	is	be	AUX
ijtc-777	30	73	exhaustive	exhaustive	ADJ
ijtc-777	30	74	.	.	PUNCT
ijtc-777	31	1	clearly	clearly	ADV
ijtc-777	31	2	,	,	PUNCT
ijtc-777	31	3	it	it	PRON
ijtc-777	31	4	has	have	AUX
ijtc-777	31	5	been	be	AUX
ijtc-777	31	6	proven	prove	VERB
ijtc-777	31	7	that	that	SCONJ
ijtc-777	31	8	there	there	PRON
ijtc-777	31	9	is	be	VERB
ijtc-777	31	10	a	a	DET
ijtc-777	31	11	relationship	relationship	NOUN
ijtc-777	31	12	between	between	ADP
ijtc-777	31	13	tax	tax	NOUN
ijtc-777	31	14	aggressiveness	aggressiveness	NOUN
ijtc-777	31	15	and	and	CCONJ
ijtc-777	31	16	companies	company	NOUN
ijtc-777	31	17	with	with	ADP
ijtc-777	31	18	considerable	considerable	ADJ
ijtc-777	31	19	assets	asset	NOUN
ijtc-777	31	20	(	(	PUNCT
ijtc-777	31	21	firm	firm	ADJ
ijtc-777	31	22	size	size	NOUN
ijtc-777	31	23	)	)	PUNCT
ijtc-777	31	24	.	.	PUNCT
ijtc-777	32	1	nevertheless	nevertheless	ADV
ijtc-777	32	2	,	,	PUNCT
ijtc-777	32	3	the	the	DET
ijtc-777	32	4	facts	fact	NOUN
ijtc-777	32	5	are	be	AUX
ijtc-777	32	6	not	not	PART
ijtc-777	32	7	in	in	ADP
ijtc-777	32	8	line	line	NOUN
ijtc-777	32	9	with	with	ADP
ijtc-777	32	10	the	the	DET
ijtc-777	32	11	concept	concept	NOUN
ijtc-777	32	12	proposed	propose	VERB
ijtc-777	32	13	by	by	ADP
ijtc-777	32	14	both	both	DET
ijtc-777	32	15	watts	watts	PROPN
ijtc-777	32	16	&	&	CCONJ
ijtc-777	32	17	zimmerman	zimmerman	PROPN
ijtc-777	32	18	(	(	PUNCT
ijtc-777	32	19	1986	1986	NUM
ijtc-777	32	20	)	)	PUNCT
ijtc-777	32	21	and	and	CCONJ
ijtc-777	32	22	(	(	PUNCT
ijtc-777	32	23	kurniawan	kurniawan	PROPN
ijtc-777	32	24	2015	2015	NUM
ijtc-777	32	25	)	)	PUNCT
ijtc-777	32	26	in	in	ADP
ijtc-777	32	27	their	their	PRON
ijtc-777	32	28	former	former	ADJ
ijtc-777	32	29	researches	research	NOUN
ijtc-777	32	30	on	on	ADP
ijtc-777	32	31	company	company	NOUN
ijtc-777	32	32	size	size	NOUN
ijtc-777	32	33	and	and	CCONJ
ijtc-777	32	34	tax	tax	NOUN
ijtc-777	32	35	aggressiveness	aggressiveness	NOUN
ijtc-777	32	36	.	.	PUNCT
ijtc-777	33	1	the	the	DET
ijtc-777	33	2	results	result	NOUN
ijtc-777	33	3	of	of	ADP
ijtc-777	33	4	the	the	DET
ijtc-777	33	5	study	study	NOUN
ijtc-777	33	6	indicated	indicate	VERB
ijtc-777	33	7	that	that	SCONJ
ijtc-777	33	8	there	there	PRON
ijtc-777	33	9	is	be	VERB
ijtc-777	33	10	a	a	DET
ijtc-777	33	11	negative	negative	ADJ
ijtc-777	33	12	effect	effect	NOUN
ijtc-777	33	13	between	between	ADP
ijtc-777	33	14	the	the	DET
ijtc-777	33	15	size	size	NOUN
ijtc-777	33	16	of	of	ADP
ijtc-777	33	17	the	the	DET
ijtc-777	33	18	company	company	NOUN
ijtc-777	33	19	and	and	CCONJ
ijtc-777	33	20	the	the	DET
ijtc-777	33	21	tax	tax	NOUN
ijtc-777	33	22	aggressiveness	aggressiveness	NOUN
ijtc-777	33	23	.	.	PUNCT
ijtc-777	34	1	the	the	DET
ijtc-777	34	2	covid-19	covid-19	PROPN
ijtc-777	34	3	pandemic	pandemic	NOUN
ijtc-777	34	4	that	that	PRON
ijtc-777	34	5	hit	hit	VERB
ijtc-777	34	6	indonesia	indonesia	PROPN
ijtc-777	34	7	in	in	ADP
ijtc-777	34	8	early	early	ADJ
ijtc-777	34	9	2020	2020	NUM
ijtc-777	34	10	had	have	VERB
ijtc-777	34	11	a	a	DET
ijtc-777	34	12	severe	severe	ADJ
ijtc-777	34	13	impact	impact	NOUN
ijtc-777	34	14	on	on	ADP
ijtc-777	34	15	domestic	domestic	ADJ
ijtc-777	34	16	economic	economic	ADJ
ijtc-777	34	17	conditions	condition	NOUN
ijtc-777	34	18	.	.	PUNCT
ijtc-777	35	1	the	the	DET
ijtc-777	35	2	ministry	ministry	PROPN
ijtc-777	35	3	of	of	ADP
ijtc-777	35	4	finance	finance	PROPN
ijtc-777	35	5	through	through	ADP
ijtc-777	35	6	the	the	DET
ijtc-777	35	7	fiscal	fiscal	ADJ
ijtc-777	35	8	policy	policy	NOUN
ijtc-777	35	9	agency	agency	NOUN
ijtc-777	35	10	and	and	CCONJ
ijtc-777	35	11	dgt	dgt	NOUN
ijtc-777	35	12	responded	respond	VERB
ijtc-777	35	13	by	by	ADP
ijtc-777	35	14	lowering	lower	VERB
ijtc-777	35	15	the	the	DET
ijtc-777	35	16	corporate	corporate	ADJ
ijtc-777	35	17	income	income	NOUN
ijtc-777	35	18	tax	tax	NOUN
ijtc-777	35	19	rate	rate	NOUN
ijtc-777	35	20	to	to	ADP
ijtc-777	35	21	22	22	NUM
ijtc-777	35	22	%	%	NOUN
ijtc-777	35	23	from	from	ADP
ijtc-777	35	24	25	25	NUM
ijtc-777	35	25	%	%	NOUN
ijtc-777	35	26	.	.	PUNCT
ijtc-777	36	1	several	several	ADJ
ijtc-777	36	2	studies	study	NOUN
ijtc-777	36	3	related	relate	VERB
ijtc-777	36	4	to	to	ADP
ijtc-777	36	5	reducing	reduce	VERB
ijtc-777	36	6	tax	tax	NOUN
ijtc-777	36	7	rates	rate	NOUN
ijtc-777	36	8	were	be	AUX
ijtc-777	36	9	conducted	conduct	VERB
ijtc-777	36	10	by	by	ADP
ijtc-777	36	11	guenther	guenther	PROPN
ijtc-777	36	12	(	(	PUNCT
ijtc-777	36	13	1994	1994	NUM
ijtc-777	36	14	)	)	PUNCT
ijtc-777	36	15	who	who	PRON
ijtc-777	36	16	found	find	VERB
ijtc-777	36	17	that	that	SCONJ
ijtc-777	36	18	the	the	DET
ijtc-777	36	19	corporate	corporate	ADJ
ijtc-777	36	20	profit	profit	NOUN
ijtc-777	36	21	management	management	NOUN
ijtc-777	36	22	was	be	AUX
ijtc-777	36	23	carried	carry	VERB
ijtc-777	36	24	out	out	ADP
ijtc-777	36	25	in	in	ADP
ijtc-777	36	26	response	response	NOUN
ijtc-777	36	27	to	to	ADP
ijtc-777	36	28	the	the	DET
ijtc-777	36	29	1986	1986	NUM
ijtc-777	36	30	tax	tax	NOUN
ijtc-777	36	31	reform	reform	NOUN
ijtc-777	36	32	in	in	ADP
ijtc-777	36	33	the	the	DET
ijtc-777	36	34	united	united	PROPN
ijtc-777	36	35	states	states	PROPN
ijtc-777	36	36	.	.	PUNCT
ijtc-777	37	1	in	in	ADP
ijtc-777	37	2	addition	addition	NOUN
ijtc-777	37	3	,	,	PUNCT
ijtc-777	37	4	guenther	guenther	PROPN
ijtc-777	37	5	,	,	PUNCT
ijtc-777	37	6	yin	yin	PROPN
ijtc-777	37	7	&	&	CCONJ
ijtc-777	37	8	cheng	cheng	PROPN
ijtc-777	37	9	(	(	PUNCT
ijtc-777	37	10	2004	2004	NUM
ijtc-777	37	11	)	)	PUNCT
ijtc-777	37	12	conducted	conduct	VERB
ijtc-777	37	13	studies	study	NOUN
ijtc-777	37	14	related	relate	VERB
ijtc-777	37	15	to	to	ADP
ijtc-777	37	16	profit	profit	NOUN
ijtc-777	37	17	management	management	NOUN
ijtc-777	37	18	and	and	CCONJ
ijtc-777	37	19	tariff	tariff	NOUN
ijtc-777	37	20	reductions	reduction	NOUN
ijtc-777	37	21	in	in	ADP
ijtc-777	37	22	the	the	DET
ijtc-777	37	23	united	united	PROPN
ijtc-777	37	24	states	states	PROPN
ijtc-777	37	25	,	,	PUNCT
ijtc-777	37	26	the	the	DET
ijtc-777	37	27	results	result	NOUN
ijtc-777	37	28	of	of	ADP
ijtc-777	37	29	the	the	DET
ijtc-777	37	30	study	study	NOUN
ijtc-777	37	31	suggested	suggest	VERB
ijtc-777	37	32	that	that	SCONJ
ijtc-777	37	33	entities	entity	NOUN
ijtc-777	37	34	with	with	ADP
ijtc-777	37	35	profits	profit	NOUN
ijtc-777	37	36	are	be	AUX
ijtc-777	37	37	more	more	ADV
ijtc-777	37	38	interested	interested	ADJ
ijtc-777	37	39	in	in	ADP
ijtc-777	37	40	managing	manage	VERB
ijtc-777	37	41	profits	profit	NOUN
ijtc-777	37	42	than	than	ADP
ijtc-777	37	43	entities	entity	NOUN
ijtc-777	37	44	that	that	PRON
ijtc-777	37	45	experience	experience	VERB
ijtc-777	37	46	a	a	DET
ijtc-777	37	47	loss	loss	NOUN
ijtc-777	37	48	.	.	PUNCT
ijtc-777	38	1	similarly	similarly	ADV
ijtc-777	38	2	,	,	PUNCT
ijtc-777	38	3	a	a	DET
ijtc-777	38	4	study	study	NOUN
ijtc-777	38	5	in	in	ADP
ijtc-777	38	6	indonesia	indonesia	PROPN
ijtc-777	38	7	conducted	conduct	VERB
ijtc-777	38	8	by	by	ADP
ijtc-777	38	9	wijaya	wijaya	PROPN
ijtc-777	38	10	&	&	CCONJ
ijtc-777	38	11	martani	martani	PROPN
ijtc-777	38	12	(	(	PUNCT
ijtc-777	38	13	2011	2011	NUM
ijtc-777	38	14	)	)	PUNCT
ijtc-777	38	15	revealed	reveal	VERB
ijtc-777	38	16	that	that	SCONJ
ijtc-777	38	17	there	there	PRON
ijtc-777	38	18	is	be	VERB
ijtc-777	38	19	a	a	DET
ijtc-777	38	20	tendency	tendency	NOUN
ijtc-777	38	21	for	for	ADP
ijtc-777	38	22	aggressive	aggressive	ADJ
ijtc-777	38	23	profit	profit	NOUN
ijtc-777	38	24	management	management	NOUN
ijtc-777	38	25	in	in	ADP
ijtc-777	38	26	companies	company	NOUN
ijtc-777	38	27	that	that	PRON
ijtc-777	38	28	yield	yield	VERB
ijtc-777	38	29	profits	profit	NOUN
ijtc-777	38	30	compared	compare	VERB
ijtc-777	38	31	to	to	ADP
ijtc-777	38	32	companies	company	NOUN
ijtc-777	38	33	with	with	ADP
ijtc-777	38	34	a	a	DET
ijtc-777	38	35	considerable	considerable	ADJ
ijtc-777	38	36	loss	loss	NOUN
ijtc-777	38	37	by	by	ADP
ijtc-777	38	38	delaying	delay	VERB
ijtc-777	38	39	the	the	DET
ijtc-777	38	40	recognition	recognition	NOUN
ijtc-777	38	41	of	of	ADP
ijtc-777	38	42	income	income	NOUN
ijtc-777	38	43	to	to	ADP
ijtc-777	38	44	the	the	DET
ijtc-777	38	45	periods	period	NOUN
ijtc-777	38	46	when	when	SCONJ
ijtc-777	38	47	tax	tax	NOUN
ijtc-777	38	48	rates	rate	NOUN
ijtc-777	38	49	were	be	AUX
ijtc-777	38	50	lower	low	ADJ
ijtc-777	38	51	.	.	PUNCT
ijtc-777	39	1	the	the	DET
ijtc-777	39	2	effect	effect	NOUN
ijtc-777	39	3	of	of	ADP
ijtc-777	39	4	decreasing	decrease	VERB
ijtc-777	39	5	tax	tax	NOUN
ijtc-777	39	6	rates	rate	NOUN
ijtc-777	39	7	and	and	CCONJ
ijtc-777	39	8	company	company	NOUN
ijtc-777	39	9	size	size	NOUN
ijtc-777	39	10	on	on	ADP
ijtc-777	39	11	the	the	DET
ijtc-777	39	12	relationship	relationship	NOUN
ijtc-777	39	13	between	between	ADP
ijtc-777	39	14	tax	tax	NOUN
ijtc-777	39	15	aggressiveness	aggressiveness	NOUN
ijtc-777	39	16	and	and	CCONJ
ijtc-777	39	17	corporate	corporate	ADJ
ijtc-777	39	18	value	value	NOUN
ijtc-777	39	19	is	be	AUX
ijtc-777	39	20	an	an	DET
ijtc-777	39	21	interesting	interesting	ADJ
ijtc-777	39	22	phenomenon	phenomenon	NOUN
ijtc-777	39	23	to	to	PART
ijtc-777	39	24	study	study	VERB
ijtc-777	39	25	.	.	PUNCT
ijtc-777	40	1	due	due	ADP
ijtc-777	40	2	to	to	ADP
ijtc-777	40	3	the	the	DET
ijtc-777	40	4	decreasing	decrease	VERB
ijtc-777	40	5	tax	tax	NOUN
ijtc-777	40	6	rates	rate	NOUN
ijtc-777	40	7	,	,	PUNCT
ijtc-777	40	8	observations	observation	NOUN
ijtc-777	40	9	can	can	AUX
ijtc-777	40	10	be	be	AUX
ijtc-777	40	11	conducted	conduct	VERB
ijtc-777	40	12	by	by	ADP
ijtc-777	40	13	employing	employ	VERB
ijtc-777	40	14	the	the	DET
ijtc-777	40	15	listed	list	VERB
ijtc-777	40	16	public	public	ADJ
ijtc-777	40	17	entities	entity	NOUN
ijtc-777	40	18	from	from	ADP
ijtc-777	40	19	2017	2017	NUM
ijtc-777	40	20	to	to	ADP
ijtc-777	40	21	2021	2021	NUM
ijtc-777	40	22	to	to	PART
ijtc-777	40	23	determine	determine	VERB
ijtc-777	40	24	the	the	DET
ijtc-777	40	25	impact	impact	NOUN
ijtc-777	40	26	of	of	ADP
ijtc-777	40	27	this	this	DET
ijtc-777	40	28	phenomenon	phenomenon	NOUN
ijtc-777	40	29	.	.	PUNCT
ijtc-777	41	1	this	this	DET
ijtc-777	41	2	research	research	NOUN
ijtc-777	41	3	is	be	AUX
ijtc-777	41	4	a	a	DET
ijtc-777	41	5	development	development	NOUN
ijtc-777	41	6	of	of	ADP
ijtc-777	41	7	a	a	DET
ijtc-777	41	8	study	study	NOUN
ijtc-777	41	9	by	by	ADP
ijtc-777	41	10	desai	desai	PROPN
ijtc-777	41	11	&	&	CCONJ
ijtc-777	41	12	;	;	PUNCT
ijtc-777	41	13	dharmapala	dharmapala	NOUN
ijtc-777	41	14	(	(	PUNCT
ijtc-777	41	15	2009	2009	NUM
ijtc-777	41	16	)	)	PUNCT
ijtc-777	41	17	which	which	PRON
ijtc-777	41	18	examined	examine	VERB
ijtc-777	41	19	the	the	DET
ijtc-777	41	20	relationship	relationship	NOUN
ijtc-777	41	21	between	between	ADP
ijtc-777	41	22	tax	tax	NOUN
ijtc-777	41	23	aggressiveness	aggressiveness	NOUN
ijtc-777	41	24	and	and	CCONJ
ijtc-777	41	25	corporate	corporate	ADJ
ijtc-777	41	26	value	value	NOUN
ijtc-777	41	27	in	in	ADP
ijtc-777	41	28	america	america	PROPN
ijtc-777	41	29	,	,	PUNCT
ijtc-777	41	30	notifying	notify	VERB
ijtc-777	41	31	that	that	SCONJ
ijtc-777	41	32	tax	tax	NOUN
ijtc-777	41	33	aggressiveness	aggressiveness	NOUN
ijtc-777	41	34	did	do	AUX
ijtc-777	41	35	not	not	PART
ijtc-777	41	36	have	have	VERB
ijtc-777	41	37	any	any	DET
ijtc-777	41	38	influence	influence	NOUN
ijtc-777	41	39	on	on	ADP
ijtc-777	41	40	company	company	NOUN
ijtc-777	41	41	value	value	NOUN
ijtc-777	41	42	.	.	PUNCT
ijtc-777	42	1	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-777	42	2	the	the	DET
ijtc-777	42	3	moderation	moderation	NOUN
ijtc-777	42	4	role	role	NOUN
ijtc-777	42	5	of	of	ADP
ijtc-777	42	6	tax	tax	NOUN
ijtc-777	42	7	rate	rate	NOUN
ijtc-777	42	8	reduction	reduction	NOUN
ijtc-777	42	9	and	and	CCONJ
ijtc-777	42	10	state	state	NOUN
ijtc-777	42	11	ownership	ownership	NOUN
ijtc-777	42	12	status	status	NOUN
ijtc-777	42	13	in	in	ADP
ijtc-777	42	14	the	the	DET
ijtc-777	42	15	effect	effect	NOUN
ijtc-777	42	16	of	of	ADP
ijtc-777	42	17	tax	tax	NOUN
ijtc-777	42	18	aggresiveness	aggresiveness	NOUN
ijtc-777	42	19	on	on	ADP
ijtc-777	42	20	company	company	NOUN
ijtc-777	42	21	value	value	NOUN
ijtc-777	42	22	ardhi	ardhi	NOUN
ijtc-777	42	23	and	and	CCONJ
ijtc-777	42	24	lubis	lubi	VERB
ijtc-777	42	25	453	453	NUM
ijtc-777	42	26	|	|	ADV
ijtc-777	42	27	ilomata	ilomata	PROPN
ijtc-777	42	28	international	international	ADJ
ijtc-777	42	29	journal	journal	NOUN
ijtc-777	42	30	of	of	ADP
ijtc-777	42	31	tax	tax	PROPN
ijtc-777	42	32	&	&	CCONJ
ijtc-777	42	33	accounting	accounting	PROPN
ijtc-777	42	34	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-777	42	35	previous	previous	ADJ
ijtc-777	42	36	domestic	domestic	ADJ
ijtc-777	42	37	research	research	NOUN
ijtc-777	42	38	relevant	relevant	ADJ
ijtc-777	42	39	to	to	ADP
ijtc-777	42	40	the	the	DET
ijtc-777	42	41	relationship	relationship	NOUN
ijtc-777	42	42	between	between	ADP
ijtc-777	42	43	tax	tax	NOUN
ijtc-777	42	44	aggressiveness	aggressiveness	NOUN
ijtc-777	42	45	and	and	CCONJ
ijtc-777	42	46	changes	change	NOUN
ijtc-777	42	47	in	in	ADP
ijtc-777	42	48	tax	tax	NOUN
ijtc-777	42	49	rates	rate	NOUN
ijtc-777	42	50	in	in	ADP
ijtc-777	42	51	indonesia	indonesia	PROPN
ijtc-777	42	52	was	be	AUX
ijtc-777	42	53	conducted	conduct	VERB
ijtc-777	42	54	by	by	ADP
ijtc-777	42	55	(	(	PUNCT
ijtc-777	42	56	frista	frista	ADJ
ijtc-777	42	57	,	,	PUNCT
ijtc-777	42	58	2018	2018	NUM
ijtc-777	42	59	)	)	PUNCT
ijtc-777	42	60	in	in	ADP
ijtc-777	42	61	indonesia	indonesia	PROPN
ijtc-777	42	62	-	-	PUNCT
ijtc-777	42	63	based	base	VERB
ijtc-777	42	64	public	public	ADJ
ijtc-777	42	65	companies	company	NOUN
ijtc-777	42	66	for	for	ADP
ijtc-777	42	67	the	the	DET
ijtc-777	42	68	period	period	NOUN
ijtc-777	42	69	2007	2007	NUM
ijtc-777	42	70	-2010	-2010	PROPN
ijtc-777	42	71	stating	state	VERB
ijtc-777	42	72	that	that	SCONJ
ijtc-777	42	73	progressive	progressive	ADJ
ijtc-777	42	74	changes	change	NOUN
ijtc-777	42	75	in	in	ADP
ijtc-777	42	76	tax	tax	NOUN
ijtc-777	42	77	rates	rate	NOUN
ijtc-777	42	78	to	to	ADP
ijtc-777	42	79	fixed	fix	VERB
ijtc-777	42	80	rates	rate	NOUN
ijtc-777	42	81	had	have	VERB
ijtc-777	42	82	an	an	DET
ijtc-777	42	83	influence	influence	NOUN
ijtc-777	42	84	on	on	ADP
ijtc-777	42	85	decreasing	decrease	VERB
ijtc-777	42	86	tax	tax	NOUN
ijtc-777	42	87	aggressiveness	aggressiveness	NOUN
ijtc-777	42	88	.	.	PUNCT
ijtc-777	43	1	furthermore	furthermore	ADV
ijtc-777	43	2	,	,	PUNCT
ijtc-777	43	3	(	(	PUNCT
ijtc-777	43	4	kurniawan	kurniawan	X
ijtc-777	43	5	,	,	PUNCT
ijtc-777	43	6	2015	2015	NUM
ijtc-777	43	7	)	)	PUNCT
ijtc-777	43	8	added	add	VERB
ijtc-777	43	9	that	that	SCONJ
ijtc-777	43	10	there	there	PRON
ijtc-777	43	11	was	be	VERB
ijtc-777	43	12	a	a	DET
ijtc-777	43	13	negative	negative	ADJ
ijtc-777	43	14	influence	influence	NOUN
ijtc-777	43	15	on	on	ADP
ijtc-777	43	16	company	company	NOUN
ijtc-777	43	17	size	size	NOUN
ijtc-777	43	18	and	and	CCONJ
ijtc-777	43	19	tax	tax	NOUN
ijtc-777	43	20	aggressiveness	aggressiveness	NOUN
ijtc-777	43	21	.	.	PUNCT
ijtc-777	44	1	unlike	unlike	ADP
ijtc-777	44	2	the	the	DET
ijtc-777	44	3	two	two	NUM
ijtc-777	44	4	previous	previous	ADJ
ijtc-777	44	5	studies	study	NOUN
ijtc-777	44	6	,	,	PUNCT
ijtc-777	44	7	there	there	PRON
ijtc-777	44	8	are	be	VERB
ijtc-777	44	9	different	different	ADJ
ijtc-777	44	10	moderation	moderation	NOUN
ijtc-777	44	11	variables	variable	NOUN
ijtc-777	44	12	,	,	PUNCT
ijtc-777	44	13	namely	namely	ADV
ijtc-777	44	14	the	the	DET
ijtc-777	44	15	reduction	reduction	NOUN
ijtc-777	44	16	in	in	ADP
ijtc-777	44	17	tax	tax	NOUN
ijtc-777	44	18	rates	rate	NOUN
ijtc-777	44	19	and	and	CCONJ
ijtc-777	44	20	the	the	DET
ijtc-777	44	21	size	size	NOUN
ijtc-777	44	22	of	of	ADP
ijtc-777	44	23	the	the	DET
ijtc-777	44	24	companies	company	NOUN
ijtc-777	44	25	to	to	PART
ijtc-777	44	26	be	be	AUX
ijtc-777	44	27	included	include	VERB
ijtc-777	44	28	.	.	PUNCT
ijtc-777	45	1	tax	tax	NOUN
ijtc-777	45	2	aggressiveness	aggressiveness	NOUN
ijtc-777	45	3	according	accord	VERB
ijtc-777	45	4	to	to	ADP
ijtc-777	45	5	(	(	PUNCT
ijtc-777	45	6	lietz	lietz	VERB
ijtc-777	45	7	,	,	PUNCT
ijtc-777	45	8	2014	2014	NUM
ijtc-777	45	9	)	)	PUNCT
ijtc-777	45	10	the	the	DET
ijtc-777	45	11	measurement	measurement	NOUN
ijtc-777	45	12	of	of	ADP
ijtc-777	45	13	tax	tax	NOUN
ijtc-777	45	14	avoidance	avoidance	NOUN
ijtc-777	45	15	generally	generally	ADV
ijtc-777	45	16	divided	divide	VERB
ijtc-777	45	17	into	into	ADP
ijtc-777	45	18	3	3	NUM
ijtc-777	45	19	:	:	PUNCT
ijtc-777	45	20	tax	tax	NOUN
ijtc-777	45	21	sheltering	sheltering	NOUN
ijtc-777	45	22	;	;	PUNCT
ijtc-777	45	23	tax	tax	NOUN
ijtc-777	45	24	evasion	evasion	NOUN
ijtc-777	45	25	;	;	PUNCT
ijtc-777	45	26	and	and	CCONJ
ijtc-777	45	27	tax	tax	NOUN
ijtc-777	45	28	aggressiveness	aggressiveness	NOUN
ijtc-777	45	29	.	.	PUNCT
ijtc-777	46	1	according	accord	VERB
ijtc-777	46	2	to	to	ADP
ijtc-777	46	3	frank	frank	PROPN
ijtc-777	46	4	(	(	PUNCT
ijtc-777	46	5	2009	2009	NUM
ijtc-777	46	6	)	)	PUNCT
ijtc-777	46	7	,	,	PUNCT
ijtc-777	46	8	tax	tax	NOUN
ijtc-777	46	9	planning	planning	NOUN
ijtc-777	46	10	using	use	VERB
ijtc-777	46	11	methods	method	NOUN
ijtc-777	46	12	that	that	PRON
ijtc-777	46	13	are	be	AUX
ijtc-777	46	14	classified	classify	VERB
ijtc-777	46	15	legally	legally	ADV
ijtc-777	46	16	through	through	ADP
ijtc-777	46	17	tax	tax	NOUN
ijtc-777	46	18	avoidance	avoidance	NOUN
ijtc-777	46	19	or	or	CCONJ
ijtc-777	46	20	illegally	illegally	ADV
ijtc-777	46	21	through	through	ADP
ijtc-777	46	22	tax	tax	NOUN
ijtc-777	46	23	evasion	evasion	NOUN
ijtc-777	46	24	is	be	AUX
ijtc-777	46	25	a	a	DET
ijtc-777	46	26	form	form	NOUN
ijtc-777	46	27	of	of	ADP
ijtc-777	46	28	tax	tax	NOUN
ijtc-777	46	29	aggressiveness	aggressiveness	NOUN
ijtc-777	46	30	aimed	aim	VERB
ijtc-777	46	31	at	at	ADP
ijtc-777	46	32	engineering	engineer	VERB
ijtc-777	46	33	corporate	corporate	ADJ
ijtc-777	46	34	taxable	taxable	ADJ
ijtc-777	46	35	income	income	NOUN
ijtc-777	46	36	.	.	PUNCT
ijtc-777	47	1	the	the	DET
ijtc-777	47	2	benefits	benefit	NOUN
ijtc-777	47	3	of	of	ADP
ijtc-777	47	4	tax	tax	NOUN
ijtc-777	47	5	aggressiveness	aggressiveness	NOUN
ijtc-777	47	6	by	by	ADP
ijtc-777	47	7	making	make	VERB
ijtc-777	47	8	tax	tax	NOUN
ijtc-777	47	9	cost	cost	NOUN
ijtc-777	47	10	efficiency	efficiency	NOUN
ijtc-777	47	11	will	will	AUX
ijtc-777	47	12	have	have	VERB
ijtc-777	47	13	an	an	DET
ijtc-777	47	14	impact	impact	NOUN
ijtc-777	47	15	on	on	ADP
ijtc-777	47	16	increasing	increase	VERB
ijtc-777	47	17	the	the	DET
ijtc-777	47	18	profit	profit	NOUN
ijtc-777	47	19	results	result	NOUN
ijtc-777	47	20	obtained	obtain	VERB
ijtc-777	47	21	by	by	ADP
ijtc-777	47	22	shareholders	shareholder	NOUN
ijtc-777	47	23	which	which	PRON
ijtc-777	47	24	can	can	AUX
ijtc-777	47	25	be	be	AUX
ijtc-777	47	26	used	use	VERB
ijtc-777	47	27	to	to	PART
ijtc-777	47	28	finance	finance	VERB
ijtc-777	47	29	investments	investment	NOUN
ijtc-777	47	30	from	from	ADP
ijtc-777	47	31	companies	company	NOUN
ijtc-777	47	32	with	with	ADP
ijtc-777	47	33	an	an	DET
ijtc-777	47	34	impact	impact	NOUN
ijtc-777	47	35	on	on	ADP
ijtc-777	47	36	increasing	increase	VERB
ijtc-777	47	37	company	company	NOUN
ijtc-777	47	38	profits	profit	NOUN
ijtc-777	47	39	in	in	ADP
ijtc-777	47	40	the	the	DET
ijtc-777	47	41	future	future	NOUN
ijtc-777	47	42	(	(	PUNCT
ijtc-777	47	43	dewi	dewi	PROPN
ijtc-777	47	44	&	&	CCONJ
ijtc-777	47	45	rahmianingsih	rahmianingsih	PROPN
ijtc-777	47	46	,	,	PUNCT
ijtc-777	47	47	2020	2020	NUM
ijtc-777	47	48	)	)	PUNCT
ijtc-777	47	49	.	.	PUNCT
ijtc-777	48	1	negative	negative	ADJ
ijtc-777	48	2	compensation	compensation	NOUN
ijtc-777	48	3	from	from	ADP
ijtc-777	48	4	tax	tax	NOUN
ijtc-777	48	5	aggressiveness	aggressiveness	NOUN
ijtc-777	48	6	is	be	AUX
ijtc-777	48	7	the	the	DET
ijtc-777	48	8	potential	potential	NOUN
ijtc-777	48	9	for	for	ADP
ijtc-777	48	10	sanctions	sanction	NOUN
ijtc-777	48	11	through	through	ADP
ijtc-777	48	12	fines	fine	NOUN
ijtc-777	48	13	or	or	CCONJ
ijtc-777	48	14	interest	interest	NOUN
ijtc-777	48	15	from	from	ADP
ijtc-777	48	16	the	the	DET
ijtc-777	48	17	viscus	viscus	NOUN
ijtc-777	48	18	.	.	PUNCT
ijtc-777	49	1	this	this	DET
ijtc-777	49	2	step	step	NOUN
ijtc-777	49	3	can	can	AUX
ijtc-777	49	4	also	also	ADV
ijtc-777	49	5	affect	affect	VERB
ijtc-777	49	6	in	in	ADP
ijtc-777	49	7	the	the	DET
ijtc-777	49	8	decrease	decrease	NOUN
ijtc-777	49	9	of	of	ADP
ijtc-777	49	10	the	the	DET
ijtc-777	49	11	company	company	NOUN
ijtc-777	49	12	credibility	credibility	NOUN
ijtc-777	49	13	which	which	PRON
ijtc-777	49	14	indirectly	indirectly	ADV
ijtc-777	49	15	impacts	impact	VERB
ijtc-777	49	16	the	the	DET
ijtc-777	49	17	value	value	NOUN
ijtc-777	49	18	of	of	ADP
ijtc-777	49	19	the	the	DET
ijtc-777	49	20	company	company	NOUN
ijtc-777	49	21	through	through	ADP
ijtc-777	49	22	a	a	DET
ijtc-777	49	23	decrease	decrease	NOUN
ijtc-777	49	24	in	in	ADP
ijtc-777	49	25	the	the	DET
ijtc-777	49	26	company	company	NOUN
ijtc-777	49	27	's	's	PART
ijtc-777	49	28	stock	stock	NOUN
ijtc-777	49	29	price	price	NOUN
ijtc-777	49	30	as	as	ADP
ijtc-777	49	31	a	a	DET
ijtc-777	49	32	consequence	consequence	NOUN
ijtc-777	49	33	of	of	ADP
ijtc-777	49	34	decreasing	decrease	VERB
ijtc-777	49	35	trust	trust	NOUN
ijtc-777	49	36	from	from	ADP
ijtc-777	49	37	shareholders	shareholder	NOUN
ijtc-777	49	38	and	and	CCONJ
ijtc-777	49	39	potential	potential	ADJ
ijtc-777	49	40	investors	investor	NOUN
ijtc-777	49	41	after	after	ADP
ijtc-777	49	42	spotting	spot	VERB
ijtc-777	49	43	the	the	DET
ijtc-777	49	44	actions	action	NOUN
ijtc-777	49	45	taken	take	VERB
ijtc-777	49	46	by	by	ADP
ijtc-777	49	47	the	the	DET
ijtc-777	49	48	company	company	NOUN
ijtc-777	49	49	.	.	PUNCT
ijtc-777	50	1	tax	tax	NOUN
ijtc-777	50	2	management	management	NOUN
ijtc-777	50	3	actions	action	NOUN
ijtc-777	50	4	must	must	AUX
ijtc-777	50	5	be	be	AUX
ijtc-777	50	6	measured	measure	VERB
ijtc-777	50	7	because	because	SCONJ
ijtc-777	50	8	they	they	PRON
ijtc-777	50	9	have	have	VERB
ijtc-777	50	10	benefits	benefit	NOUN
ijtc-777	50	11	and	and	CCONJ
ijtc-777	50	12	consequences	consequence	NOUN
ijtc-777	50	13	.	.	PUNCT
ijtc-777	51	1	the	the	DET
ijtc-777	51	2	consequences	consequence	NOUN
ijtc-777	51	3	are	be	AUX
ijtc-777	51	4	sanctions	sanction	NOUN
ijtc-777	51	5	/	/	SYM
ijtc-777	51	6	fines	fine	NOUN
ijtc-777	51	7	imposed	impose	VERB
ijtc-777	51	8	if	if	SCONJ
ijtc-777	51	9	the	the	DET
ijtc-777	51	10	tax	tax	NOUN
ijtc-777	51	11	management	management	NOUN
ijtc-777	51	12	carried	carry	VERB
ijtc-777	51	13	out	out	ADP
ijtc-777	51	14	by	by	ADP
ijtc-777	51	15	the	the	DET
ijtc-777	51	16	company	company	NOUN
ijtc-777	51	17	violates	violate	VERB
ijtc-777	51	18	the	the	DET
ijtc-777	51	19	limitations	limitation	NOUN
ijtc-777	51	20	of	of	ADP
ijtc-777	51	21	applicable	applicable	ADJ
ijtc-777	51	22	laws	law	NOUN
ijtc-777	51	23	or	or	CCONJ
ijtc-777	51	24	regulations	regulation	NOUN
ijtc-777	51	25	.	.	PUNCT
ijtc-777	52	1	in	in	ADP
ijtc-777	52	2	fact	fact	NOUN
ijtc-777	52	3	,	,	PUNCT
ijtc-777	52	4	the	the	DET
ijtc-777	52	5	value	value	NOUN
ijtc-777	52	6	of	of	ADP
ijtc-777	52	7	sanctions	sanction	NOUN
ijtc-777	52	8	/	/	SYM
ijtc-777	52	9	fines	fine	NOUN
ijtc-777	52	10	imposed	impose	VERB
ijtc-777	52	11	may	may	AUX
ijtc-777	52	12	be	be	AUX
ijtc-777	52	13	greater	great	ADJ
ijtc-777	52	14	than	than	ADP
ijtc-777	52	15	the	the	DET
ijtc-777	52	16	savings	saving	NOUN
ijtc-777	52	17	previously	previously	ADV
ijtc-777	52	18	made	make	VERB
ijtc-777	52	19	.	.	PUNCT
ijtc-777	53	1	hanlon	hanlon	NOUN
ijtc-777	53	2	&	&	CCONJ
ijtc-777	53	3	heitzman	heitzman	PROPN
ijtc-777	53	4	(	(	PUNCT
ijtc-777	53	5	2010	2010	NUM
ijtc-777	53	6	)	)	PUNCT
ijtc-777	53	7	argue	argue	VERB
ijtc-777	53	8	that	that	SCONJ
ijtc-777	53	9	tax	tax	NOUN
ijtc-777	53	10	avoidance	avoidance	NOUN
ijtc-777	53	11	can	can	AUX
ijtc-777	53	12	not	not	PART
ijtc-777	53	13	generally	generally	ADV
ijtc-777	53	14	be	be	AUX
ijtc-777	53	15	defined	define	VERB
ijtc-777	53	16	which	which	PRON
ijtc-777	53	17	is	be	AUX
ijtc-777	53	18	then	then	ADV
ijtc-777	53	19	mutually	mutually	ADV
ijtc-777	53	20	agreed	agree	VERB
ijtc-777	53	21	upon	upon	SCONJ
ijtc-777	53	22	by	by	ADP
ijtc-777	53	23	researchers	researcher	NOUN
ijtc-777	53	24	,	,	PUNCT
ijtc-777	53	25	so	so	SCONJ
ijtc-777	53	26	the	the	DET
ijtc-777	53	27	definition	definition	NOUN
ijtc-777	53	28	of	of	ADP
ijtc-777	53	29	tax	tax	NOUN
ijtc-777	53	30	avoidance	avoidance	NOUN
ijtc-777	53	31	is	be	AUX
ijtc-777	53	32	still	still	ADV
ijtc-777	53	33	adjusted	adjust	VERB
ijtc-777	53	34	to	to	ADP
ijtc-777	53	35	the	the	DET
ijtc-777	53	36	scope	scope	NOUN
ijtc-777	53	37	of	of	ADP
ijtc-777	53	38	research	research	NOUN
ijtc-777	53	39	conducted	conduct	VERB
ijtc-777	53	40	by	by	ADP
ijtc-777	53	41	each	each	DET
ijtc-777	53	42	researcher	researcher	NOUN
ijtc-777	53	43	.	.	PUNCT
ijtc-777	54	1	hence	hence	ADV
ijtc-777	54	2	,	,	PUNCT
ijtc-777	54	3	there	there	PRON
ijtc-777	54	4	are	be	VERB
ijtc-777	54	5	several	several	ADJ
ijtc-777	54	6	proxies	proxy	NOUN
ijtc-777	54	7	used	use	VERB
ijtc-777	54	8	to	to	PART
ijtc-777	54	9	measure	measure	VERB
ijtc-777	54	10	tax	tax	NOUN
ijtc-777	54	11	avoidance	avoidance	NOUN
ijtc-777	54	12	in	in	ADP
ijtc-777	54	13	hanlon	hanlon	PROPN
ijtc-777	54	14	&	&	CCONJ
ijtc-777	54	15	heitzman	heitzman	PROPN
ijtc-777	54	16	(	(	PUNCT
ijtc-777	54	17	2010	2010	NUM
ijtc-777	54	18	)	)	PUNCT
ijtc-777	54	19	.	.	PUNCT
ijtc-777	55	1	gaap	gaap	PROPN
ijtc-777	55	2	etr	etr	PROPN
ijtc-777	55	3	proxies	proxy	NOUN
ijtc-777	55	4	for	for	ADP
ijtc-777	55	5	tax	tax	NOUN
ijtc-777	55	6	aggressiveness	aggressiveness	NOUN
ijtc-777	55	7	measurement	measurement	NOUN
ijtc-777	55	8	,	,	PUNCT
ijtc-777	55	9	in	in	ADP
ijtc-777	55	10	accordance	accordance	NOUN
ijtc-777	55	11	to	to	ADP
ijtc-777	55	12	the	the	DET
ijtc-777	55	13	majority	majority	NOUN
ijtc-777	55	14	of	of	ADP
ijtc-777	55	15	previous	previous	ADJ
ijtc-777	55	16	studies	study	NOUN
ijtc-777	55	17	conducted	conduct	VERB
ijtc-777	55	18	by	by	ADP
ijtc-777	55	19	taylor	taylor	PROPN
ijtc-777	55	20	&	&	CCONJ
ijtc-777	55	21	richardson	richardson	PROPN
ijtc-777	55	22	(	(	PUNCT
ijtc-777	55	23	2012	2012	NUM
ijtc-777	55	24	)	)	PUNCT
ijtc-777	55	25	;	;	PUNCT
ijtc-777	55	26	huseynov	huseynov	PROPN
ijtc-777	55	27	&	&	CCONJ
ijtc-777	55	28	klamm	klamm	PROPN
ijtc-777	55	29	(	(	PUNCT
ijtc-777	55	30	2012	2012	NUM
ijtc-777	55	31	)	)	PUNCT
ijtc-777	55	32	;	;	PUNCT
ijtc-777	55	33	dyreng	dyreng	PROPN
ijtc-777	55	34	et	et	PROPN
ijtc-777	55	35	al	al	PROPN
ijtc-777	55	36	.	.	PROPN
ijtc-777	55	37	(	(	PUNCT
ijtc-777	55	38	2008	2008	NUM
ijtc-777	55	39	)	)	PUNCT
ijtc-777	55	40	;	;	PUNCT
ijtc-777	55	41	graham	graham	PROPN
ijtc-777	55	42	&	&	CCONJ
ijtc-777	55	43	tucker	tucker	PROPN
ijtc-777	55	44	(	(	PUNCT
ijtc-777	55	45	2006	2006	NUM
ijtc-777	55	46	)	)	PUNCT
ijtc-777	55	47	;	;	PUNCT
ijtc-777	55	48	rego	rego	NOUN
ijtc-777	55	49	(	(	PUNCT
ijtc-777	55	50	2003	2003	NUM
ijtc-777	55	51	)	)	PUNCT
ijtc-777	55	52	;	;	PUNCT
ijtc-777	55	53	gupta	gupta	PROPN
ijtc-777	55	54	&	&	CCONJ
ijtc-777	55	55	newberry	newberry	PROPN
ijtc-777	55	56	(	(	PUNCT
ijtc-777	55	57	1996	1996	NUM
ijtc-777	55	58	)	)	PUNCT
ijtc-777	55	59	.	.	PUNCT
ijtc-777	56	1	agency	agency	NOUN
ijtc-777	56	2	theory	theory	NOUN
ijtc-777	56	3	the	the	DET
ijtc-777	56	4	definition	definition	NOUN
ijtc-777	56	5	of	of	ADP
ijtc-777	56	6	agency	agency	NOUN
ijtc-777	56	7	relationship	relationship	NOUN
ijtc-777	56	8	presented	present	VERB
ijtc-777	56	9	by	by	ADP
ijtc-777	56	10	jensen	jensen	PROPN
ijtc-777	56	11	&	&	CCONJ
ijtc-777	56	12	meckling	meckling	PROPN
ijtc-777	56	13	(	(	PUNCT
ijtc-777	56	14	1976	1976	NUM
ijtc-777	56	15	)	)	PUNCT
ijtc-777	56	16	is	be	AUX
ijtc-777	56	17	a	a	DET
ijtc-777	56	18	contract	contract	NOUN
ijtc-777	56	19	between	between	ADP
ijtc-777	56	20	owners	owner	NOUN
ijtc-777	56	21	and	and	CCONJ
ijtc-777	56	22	managers	manager	NOUN
ijtc-777	56	23	in	in	ADP
ijtc-777	56	24	managing	manage	VERB
ijtc-777	56	25	the	the	DET
ijtc-777	56	26	company	company	NOUN
ijtc-777	56	27	resources	resource	NOUN
ijtc-777	56	28	and	and	CCONJ
ijtc-777	56	29	in	in	ADP
ijtc-777	56	30	determining	determine	VERB
ijtc-777	56	31	the	the	DET
ijtc-777	56	32	best	good	ADJ
ijtc-777	56	33	operating	operating	NOUN
ijtc-777	56	34	strategies	strategy	NOUN
ijtc-777	56	35	and	and	CCONJ
ijtc-777	56	36	decisions	decision	NOUN
ijtc-777	56	37	for	for	ADP
ijtc-777	56	38	the	the	DET
ijtc-777	56	39	company	company	NOUN
ijtc-777	56	40	when	when	SCONJ
ijtc-777	56	41	carrying	carry	VERB
ijtc-777	56	42	out	out	ADP
ijtc-777	56	43	its	its	PRON
ijtc-777	56	44	activities	activity	NOUN
ijtc-777	56	45	.	.	PUNCT
ijtc-777	57	1	managers	manager	NOUN
ijtc-777	57	2	get	get	VERB
ijtc-777	57	3	full	full	ADJ
ijtc-777	57	4	and	and	CCONJ
ijtc-777	57	5	controlled	control	VERB
ijtc-777	57	6	access	access	NOUN
ijtc-777	57	7	to	to	ADP
ijtc-777	57	8	all	all	DET
ijtc-777	57	9	information	information	NOUN
ijtc-777	57	10	in	in	ADP
ijtc-777	57	11	the	the	DET
ijtc-777	57	12	company	company	NOUN
ijtc-777	57	13	,	,	PUNCT
ijtc-777	57	14	which	which	PRON
ijtc-777	57	15	triggers	trigger	VERB
ijtc-777	57	16	the	the	DET
ijtc-777	57	17	emergence	emergence	NOUN
ijtc-777	57	18	of	of	ADP
ijtc-777	57	19	information	information	NOUN
ijtc-777	57	20	asymmetry	asymmetry	NOUN
ijtc-777	57	21	between	between	ADP
ijtc-777	57	22	managers	manager	NOUN
ijtc-777	57	23	and	and	CCONJ
ijtc-777	57	24	company	company	NOUN
ijtc-777	57	25	owners	owner	NOUN
ijtc-777	57	26	who	who	PRON
ijtc-777	57	27	are	be	AUX
ijtc-777	57	28	not	not	PART
ijtc-777	57	29	directly	directly	ADV
ijtc-777	57	30	involved	involve	VERB
ijtc-777	57	31	in	in	ADP
ijtc-777	57	32	the	the	DET
ijtc-777	57	33	company	company	NOUN
ijtc-777	57	34	's	's	PART
ijtc-777	57	35	operational	operational	ADJ
ijtc-777	57	36	activities	activity	NOUN
ijtc-777	57	37	.	.	PUNCT
ijtc-777	58	1	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-777	58	2	the	the	DET
ijtc-777	58	3	moderation	moderation	NOUN
ijtc-777	58	4	role	role	NOUN
ijtc-777	58	5	of	of	ADP
ijtc-777	58	6	tax	tax	NOUN
ijtc-777	58	7	rate	rate	NOUN
ijtc-777	58	8	reduction	reduction	NOUN
ijtc-777	58	9	and	and	CCONJ
ijtc-777	58	10	state	state	NOUN
ijtc-777	58	11	ownership	ownership	NOUN
ijtc-777	58	12	status	status	NOUN
ijtc-777	58	13	in	in	ADP
ijtc-777	58	14	the	the	DET
ijtc-777	58	15	effect	effect	NOUN
ijtc-777	58	16	of	of	ADP
ijtc-777	58	17	tax	tax	NOUN
ijtc-777	58	18	aggresiveness	aggresiveness	NOUN
ijtc-777	58	19	on	on	ADP
ijtc-777	58	20	company	company	NOUN
ijtc-777	58	21	value	value	NOUN
ijtc-777	58	22	ardhi	ardhi	NOUN
ijtc-777	58	23	and	and	CCONJ
ijtc-777	58	24	lubis	lubi	VERB
ijtc-777	58	25	454	454	NUM
ijtc-777	58	26	|	|	ADV
ijtc-777	58	27	ilomata	ilomata	PROPN
ijtc-777	58	28	international	international	ADJ
ijtc-777	58	29	journal	journal	NOUN
ijtc-777	58	30	of	of	ADP
ijtc-777	58	31	tax	tax	PROPN
ijtc-777	58	32	&	&	CCONJ
ijtc-777	58	33	accounting	accounting	PROPN
ijtc-777	58	34	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-777	58	35	according	accord	VERB
ijtc-777	58	36	to	to	ADP
ijtc-777	58	37	desai	desai	PROPN
ijtc-777	58	38	&	&	CCONJ
ijtc-777	58	39	dharmapala	dharmapala	PROPN
ijtc-777	58	40	(	(	PUNCT
ijtc-777	58	41	2009	2009	NUM
ijtc-777	58	42	)	)	PUNCT
ijtc-777	58	43	,	,	PUNCT
ijtc-777	58	44	the	the	DET
ijtc-777	58	45	existence	existence	NOUN
ijtc-777	58	46	of	of	ADP
ijtc-777	58	47	information	information	NOUN
ijtc-777	58	48	asymmetry	asymmetry	NOUN
ijtc-777	58	49	can	can	AUX
ijtc-777	58	50	lead	lead	VERB
ijtc-777	58	51	to	to	ADP
ijtc-777	58	52	agency	agency	NOUN
ijtc-777	58	53	problems	problem	NOUN
ijtc-777	58	54	related	relate	VERB
ijtc-777	58	55	to	to	ADP
ijtc-777	58	56	corporate	corporate	ADJ
ijtc-777	58	57	tax	tax	NOUN
ijtc-777	58	58	aggressiveness	aggressiveness	NOUN
ijtc-777	58	59	as	as	SCONJ
ijtc-777	58	60	it	it	PRON
ijtc-777	58	61	might	might	AUX
ijtc-777	58	62	facilitate	facilitate	VERB
ijtc-777	58	63	managers	manager	NOUN
ijtc-777	58	64	to	to	PART
ijtc-777	58	65	ignore	ignore	VERB
ijtc-777	58	66	shareholder	shareholder	NOUN
ijtc-777	58	67	interests	interest	NOUN
ijtc-777	58	68	and	and	CCONJ
ijtc-777	58	69	then	then	ADV
ijtc-777	58	70	act	act	VERB
ijtc-777	58	71	on	on	ADP
ijtc-777	58	72	personal	personal	ADJ
ijtc-777	58	73	interests	interest	NOUN
ijtc-777	58	74	.	.	PUNCT
ijtc-777	59	1	according	accord	VERB
ijtc-777	59	2	to	to	ADP
ijtc-777	59	3	(	(	PUNCT
ijtc-777	59	4	hantina	hantina	PROPN
ijtc-777	59	5	,	,	PUNCT
ijtc-777	59	6	2014	2014	NUM
ijtc-777	59	7	)	)	PUNCT
ijtc-777	59	8	,	,	PUNCT
ijtc-777	59	9	the	the	DET
ijtc-777	59	10	interests	interest	NOUN
ijtc-777	59	11	of	of	ADP
ijtc-777	59	12	company	company	NOUN
ijtc-777	59	13	owners	owner	NOUN
ijtc-777	59	14	are	be	AUX
ijtc-777	59	15	on	on	ADP
ijtc-777	59	16	the	the	DET
ijtc-777	59	17	value	value	NOUN
ijtc-777	59	18	of	of	ADP
ijtc-777	59	19	the	the	DET
ijtc-777	59	20	company	company	NOUN
ijtc-777	59	21	and	and	CCONJ
ijtc-777	59	22	the	the	DET
ijtc-777	59	23	distribution	distribution	NOUN
ijtc-777	59	24	of	of	ADP
ijtc-777	59	25	profit	profit	NOUN
ijtc-777	59	26	after	after	ADP
ijtc-777	59	27	tax	tax	NOUN
ijtc-777	59	28	,	,	PUNCT
ijtc-777	59	29	while	while	SCONJ
ijtc-777	59	30	the	the	DET
ijtc-777	59	31	interests	interest	NOUN
ijtc-777	59	32	of	of	ADP
ijtc-777	59	33	managers	manager	NOUN
ijtc-777	59	34	as	as	ADP
ijtc-777	59	35	agents	agent	NOUN
ijtc-777	59	36	are	be	AUX
ijtc-777	59	37	on	on	ADP
ijtc-777	59	38	the	the	DET
ijtc-777	59	39	compensation	compensation	NOUN
ijtc-777	59	40	,	,	PUNCT
ijtc-777	59	41	be	be	AUX
ijtc-777	59	42	it	it	PRON
ijtc-777	59	43	the	the	DET
ijtc-777	59	44	salaries	salary	NOUN
ijtc-777	59	45	or	or	CCONJ
ijtc-777	59	46	other	other	ADJ
ijtc-777	59	47	financial	financial	ADJ
ijtc-777	59	48	and	and	CCONJ
ijtc-777	59	49	non	non	ADJ
ijtc-777	59	50	-	-	ADJ
ijtc-777	59	51	financial	financial	ADJ
ijtc-777	59	52	benefits	benefit	NOUN
ijtc-777	59	53	.	.	PUNCT
ijtc-777	60	1	this	this	PRON
ijtc-777	60	2	can	can	AUX
ijtc-777	60	3	incur	incur	VERB
ijtc-777	60	4	agency	agency	NOUN
ijtc-777	60	5	costs	cost	NOUN
ijtc-777	60	6	due	due	ADJ
ijtc-777	60	7	to	to	ADP
ijtc-777	60	8	the	the	DET
ijtc-777	60	9	differences	difference	NOUN
ijtc-777	60	10	in	in	ADP
ijtc-777	60	11	interests	interest	NOUN
ijtc-777	60	12	that	that	PRON
ijtc-777	60	13	is	be	AUX
ijtc-777	60	14	ultimately	ultimately	ADV
ijtc-777	60	15	burdensome	burdensome	ADJ
ijtc-777	60	16	for	for	ADP
ijtc-777	60	17	the	the	DET
ijtc-777	60	18	company	company	NOUN
ijtc-777	60	19	owners	owner	NOUN
ijtc-777	60	20	(	(	PUNCT
ijtc-777	60	21	chen	chen	PROPN
ijtc-777	60	22	et	et	PROPN
ijtc-777	60	23	al	al	PROPN
ijtc-777	60	24	.	.	PROPN
ijtc-777	60	25	,	,	PUNCT
ijtc-777	60	26	2014	2014	NUM
ijtc-777	60	27	)	)	PUNCT
ijtc-777	60	28	.	.	PUNCT
ijtc-777	61	1	firm	firm	ADJ
ijtc-777	61	2	value	value	NOUN
ijtc-777	61	3	according	accord	VERB
ijtc-777	61	4	to	to	ADP
ijtc-777	61	5	weston	weston	PROPN
ijtc-777	61	6	&	&	CCONJ
ijtc-777	61	7	thomas	thomas	PROPN
ijtc-777	61	8	(	(	PUNCT
ijtc-777	61	9	1996	1996	NUM
ijtc-777	61	10	)	)	PUNCT
ijtc-777	61	11	,	,	PUNCT
ijtc-777	61	12	the	the	DET
ijtc-777	61	13	fair	fair	ADJ
ijtc-777	61	14	value	value	NOUN
ijtc-777	61	15	of	of	ADP
ijtc-777	61	16	a	a	DET
ijtc-777	61	17	company	company	NOUN
ijtc-777	61	18	can	can	AUX
ijtc-777	61	19	be	be	AUX
ijtc-777	61	20	described	describe	VERB
ijtc-777	61	21	through	through	ADP
ijtc-777	61	22	investor	investor	NOUN
ijtc-777	61	23	perception	perception	NOUN
ijtc-777	61	24	of	of	ADP
ijtc-777	61	25	the	the	DET
ijtc-777	61	26	issuer	issuer	NOUN
ijtc-777	61	27	concerned	concern	VERB
ijtc-777	61	28	and	and	CCONJ
ijtc-777	61	29	can	can	AUX
ijtc-777	61	30	be	be	AUX
ijtc-777	61	31	defined	define	VERB
ijtc-777	61	32	as	as	ADP
ijtc-777	61	33	the	the	DET
ijtc-777	61	34	value	value	NOUN
ijtc-777	61	35	of	of	ADP
ijtc-777	61	36	the	the	DET
ijtc-777	61	37	company	company	NOUN
ijtc-777	61	38	.	.	PUNCT
ijtc-777	62	1	weston	weston	PROPN
ijtc-777	62	2	&	&	CCONJ
ijtc-777	62	3	copeland	copeland	PROPN
ijtc-777	62	4	(	(	PUNCT
ijtc-777	62	5	2010	2010	NUM
ijtc-777	62	6	)	)	PUNCT
ijtc-777	62	7	argue	argue	VERB
ijtc-777	62	8	that	that	SCONJ
ijtc-777	62	9	the	the	DET
ijtc-777	62	10	valuation	valuation	NOUN
ijtc-777	62	11	ratio	ratio	NOUN
ijtc-777	62	12	or	or	CCONJ
ijtc-777	62	13	market	market	NOUN
ijtc-777	62	14	ratio	ratio	NOUN
ijtc-777	62	15	can	can	AUX
ijtc-777	62	16	be	be	AUX
ijtc-777	62	17	used	use	VERB
ijtc-777	62	18	as	as	ADP
ijtc-777	62	19	a	a	DET
ijtc-777	62	20	measurement	measurement	NOUN
ijtc-777	62	21	of	of	ADP
ijtc-777	62	22	company	company	NOUN
ijtc-777	62	23	value	value	NOUN
ijtc-777	62	24	,	,	PUNCT
ijtc-777	62	25	which	which	PRON
ijtc-777	62	26	is	be	AUX
ijtc-777	62	27	the	the	DET
ijtc-777	62	28	most	most	ADV
ijtc-777	62	29	comprehensive	comprehensive	ADJ
ijtc-777	62	30	measure	measure	NOUN
ijtc-777	62	31	of	of	ADP
ijtc-777	62	32	performance	performance	NOUN
ijtc-777	62	33	for	for	ADP
ijtc-777	62	34	a	a	DET
ijtc-777	62	35	company	company	NOUN
ijtc-777	62	36	.	.	PUNCT
ijtc-777	63	1	there	there	PRON
ijtc-777	63	2	are	be	VERB
ijtc-777	63	3	several	several	ADJ
ijtc-777	63	4	factors	factor	NOUN
ijtc-777	63	5	that	that	PRON
ijtc-777	63	6	can	can	AUX
ijtc-777	63	7	affect	affect	VERB
ijtc-777	63	8	the	the	DET
ijtc-777	63	9	value	value	NOUN
ijtc-777	63	10	of	of	ADP
ijtc-777	63	11	a	a	DET
ijtc-777	63	12	company	company	NOUN
ijtc-777	63	13	,	,	PUNCT
ijtc-777	63	14	one	one	NUM
ijtc-777	63	15	of	of	ADP
ijtc-777	63	16	which	which	PRON
ijtc-777	63	17	is	be	AUX
ijtc-777	63	18	leverage	leverage	NOUN
ijtc-777	63	19	;	;	PUNCT
ijtc-777	63	20	sari	sari	NOUN
ijtc-777	63	21	(	(	PUNCT
ijtc-777	63	22	2005	2005	NUM
ijtc-777	63	23	)	)	PUNCT
ijtc-777	63	24	found	find	VERB
ijtc-777	63	25	that	that	SCONJ
ijtc-777	63	26	the	the	DET
ijtc-777	63	27	leverage	leverage	NOUN
ijtc-777	63	28	ratio	ratio	NOUN
ijtc-777	63	29	is	be	AUX
ijtc-777	63	30	a	a	DET
ijtc-777	63	31	factor	factor	NOUN
ijtc-777	63	32	that	that	PRON
ijtc-777	63	33	affects	affect	VERB
ijtc-777	63	34	the	the	DET
ijtc-777	63	35	value	value	NOUN
ijtc-777	63	36	of	of	ADP
ijtc-777	63	37	the	the	DET
ijtc-777	63	38	company	company	NOUN
ijtc-777	63	39	.	.	PUNCT
ijtc-777	64	1	in	in	ADP
ijtc-777	64	2	the	the	DET
ijtc-777	64	3	taxation	taxation	NOUN
ijtc-777	64	4	context	context	NOUN
ijtc-777	64	5	,	,	PUNCT
ijtc-777	64	6	the	the	DET
ijtc-777	64	7	decision	decision	NOUN
ijtc-777	64	8	to	to	PART
ijtc-777	64	9	use	use	VERB
ijtc-777	64	10	leverage	leverage	NOUN
ijtc-777	64	11	can	can	AUX
ijtc-777	64	12	increase	increase	VERB
ijtc-777	64	13	the	the	DET
ijtc-777	64	14	value	value	NOUN
ijtc-777	64	15	of	of	ADP
ijtc-777	64	16	the	the	DET
ijtc-777	64	17	company	company	NOUN
ijtc-777	64	18	since	since	SCONJ
ijtc-777	64	19	the	the	DET
ijtc-777	64	20	concept	concept	NOUN
ijtc-777	64	21	of	of	ADP
ijtc-777	64	22	tax	tax	NOUN
ijtc-777	64	23	is	be	AUX
ijtc-777	64	24	a	a	DET
ijtc-777	64	25	component	component	NOUN
ijtc-777	64	26	in	in	ADP
ijtc-777	64	27	reducing	reduce	VERB
ijtc-777	64	28	taxable	taxable	ADJ
ijtc-777	64	29	income	income	NOUN
ijtc-777	64	30	.	.	PUNCT
ijtc-777	65	1	however	however	ADV
ijtc-777	65	2	,	,	PUNCT
ijtc-777	65	3	darsono	darsono	NOUN
ijtc-777	65	4	(	(	PUNCT
ijtc-777	65	5	2006	2006	NUM
ijtc-777	65	6	)	)	PUNCT
ijtc-777	65	7	stated	state	VERB
ijtc-777	65	8	that	that	SCONJ
ijtc-777	65	9	there	there	PRON
ijtc-777	65	10	is	be	VERB
ijtc-777	65	11	an	an	DET
ijtc-777	65	12	increased	increase	VERB
ijtc-777	65	13	risk	risk	NOUN
ijtc-777	65	14	of	of	ADP
ijtc-777	65	15	companies	company	NOUN
ijtc-777	65	16	not	not	PART
ijtc-777	65	17	being	be	AUX
ijtc-777	65	18	able	able	ADJ
ijtc-777	65	19	to	to	PART
ijtc-777	65	20	pay	pay	VERB
ijtc-777	65	21	their	their	PRON
ijtc-777	65	22	obligations	obligation	NOUN
ijtc-777	65	23	from	from	ADP
ijtc-777	65	24	a	a	DET
ijtc-777	65	25	greater	great	ADJ
ijtc-777	65	26	leverage	leverage	NOUN
ijtc-777	65	27	,	,	PUNCT
ijtc-777	65	28	which	which	PRON
ijtc-777	65	29	will	will	AUX
ijtc-777	65	30	affect	affect	VERB
ijtc-777	65	31	the	the	DET
ijtc-777	65	32	decline	decline	NOUN
ijtc-777	65	33	in	in	ADP
ijtc-777	65	34	company	company	NOUN
ijtc-777	65	35	value	value	NOUN
ijtc-777	65	36	.	.	PUNCT
ijtc-777	66	1	the	the	DET
ijtc-777	66	2	second	second	ADJ
ijtc-777	66	3	factor	factor	NOUN
ijtc-777	66	4	is	be	AUX
ijtc-777	66	5	the	the	DET
ijtc-777	66	6	firm	firm	ADJ
ijtc-777	66	7	size	size	NOUN
ijtc-777	66	8	.	.	PUNCT
ijtc-777	67	1	sujoko	sujoko	PROPN
ijtc-777	67	2	&	&	CCONJ
ijtc-777	67	3	soebiantoro	soebiantoro	PROPN
ijtc-777	67	4	(	(	PUNCT
ijtc-777	67	5	2007	2007	NUM
ijtc-777	67	6	)	)	PUNCT
ijtc-777	68	1	argue	argue	PROPN
ijtc-777	68	2	,	,	PUNCT
ijtc-777	68	3	a	a	DET
ijtc-777	68	4	company	company	NOUN
ijtc-777	68	5	value	value	NOUN
ijtc-777	68	6	is	be	AUX
ijtc-777	68	7	positively	positively	ADV
ijtc-777	68	8	influenced	influence	VERB
ijtc-777	68	9	by	by	ADP
ijtc-777	68	10	a	a	DET
ijtc-777	68	11	company	company	NOUN
ijtc-777	68	12	size	size	NOUN
ijtc-777	68	13	.	.	PUNCT
ijtc-777	69	1	there	there	PRON
ijtc-777	69	2	are	be	VERB
ijtc-777	69	3	benefits	benefit	NOUN
ijtc-777	69	4	to	to	ADP
ijtc-777	69	5	the	the	DET
ijtc-777	69	6	ease	ease	NOUN
ijtc-777	69	7	of	of	ADP
ijtc-777	69	8	obtaining	obtain	VERB
ijtc-777	69	9	internal	internal	ADJ
ijtc-777	69	10	or	or	CCONJ
ijtc-777	69	11	external	external	ADJ
ijtc-777	69	12	funding	funding	NOUN
ijtc-777	69	13	,	,	PUNCT
ijtc-777	69	14	as	as	ADP
ijtc-777	69	15	a	a	DET
ijtc-777	69	16	result	result	NOUN
ijtc-777	69	17	of	of	ADP
ijtc-777	69	18	the	the	DET
ijtc-777	69	19	increasing	increase	VERB
ijtc-777	69	20	size	size	NOUN
ijtc-777	69	21	of	of	ADP
ijtc-777	69	22	a	a	DET
ijtc-777	69	23	company	company	NOUN
ijtc-777	69	24	.	.	PUNCT
ijtc-777	70	1	companies	company	NOUN
ijtc-777	70	2	with	with	ADP
ijtc-777	70	3	large	large	ADJ
ijtc-777	70	4	scale	scale	NOUN
ijtc-777	70	5	benefit	benefit	NOUN
ijtc-777	70	6	from	from	ADP
ijtc-777	70	7	being	be	AUX
ijtc-777	70	8	able	able	ADJ
ijtc-777	70	9	to	to	PART
ijtc-777	70	10	obtain	obtain	VERB
ijtc-777	70	11	economies	economy	NOUN
ijtc-777	70	12	of	of	ADP
ijtc-777	70	13	small	small	ADJ
ijtc-777	70	14	scale	scale	NOUN
ijtc-777	70	15	(	(	PUNCT
ijtc-777	70	16	mule	mule	PROPN
ijtc-777	70	17	et	et	PROPN
ijtc-777	70	18	al	al	PROPN
ijtc-777	70	19	.	.	PROPN
ijtc-777	70	20	,	,	PUNCT
ijtc-777	70	21	2015	2015	NUM
ijtc-777	70	22	;	;	PUNCT
ijtc-777	70	23	osazuwa	osazuwa	PROPN
ijtc-777	70	24	&	&	CCONJ
ijtc-777	70	25	cheahmad	cheahmad	PROPN
ijtc-777	70	26	,	,	PUNCT
ijtc-777	70	27	2016	2016	NUM
ijtc-777	70	28	)	)	PUNCT
ijtc-777	70	29	.	.	PUNCT
ijtc-777	71	1	profitability	profitability	NOUN
ijtc-777	71	2	is	be	AUX
ijtc-777	71	3	the	the	DET
ijtc-777	71	4	next	next	ADJ
ijtc-777	71	5	factor	factor	NOUN
ijtc-777	71	6	affecting	affect	VERB
ijtc-777	71	7	the	the	DET
ijtc-777	71	8	value	value	NOUN
ijtc-777	71	9	of	of	ADP
ijtc-777	71	10	the	the	DET
ijtc-777	71	11	company	company	NOUN
ijtc-777	71	12	.	.	PUNCT
ijtc-777	72	1	home	home	NOUN
ijtc-777	72	2	&	&	CCONJ
ijtc-777	72	3	wachowicz	wachowicz	PROPN
ijtc-777	72	4	(	(	PUNCT
ijtc-777	72	5	2005	2005	NUM
ijtc-777	72	6	)	)	PUNCT
ijtc-777	72	7	stated	state	VERB
ijtc-777	72	8	that	that	SCONJ
ijtc-777	72	9	the	the	PRON
ijtc-777	72	10	bigger	big	ADJ
ijtc-777	72	11	the	the	DET
ijtc-777	72	12	impact	impact	NOUN
ijtc-777	72	13	on	on	ADP
ijtc-777	72	14	the	the	DET
ijtc-777	72	15	company	company	NOUN
ijtc-777	72	16	's	's	PART
ijtc-777	72	17	profitability	profitability	NOUN
ijtc-777	72	18	ratio	ratio	NOUN
ijtc-777	72	19	is	be	AUX
ijtc-777	72	20	,	,	PUNCT
ijtc-777	72	21	the	the	PRON
ijtc-777	72	22	higher	high	ADJ
ijtc-777	72	23	the	the	DET
ijtc-777	72	24	company	company	NOUN
ijtc-777	72	25	's	's	PART
ijtc-777	72	26	value	value	NOUN
ijtc-777	72	27	will	will	AUX
ijtc-777	72	28	be	be	AUX
ijtc-777	72	29	,	,	PUNCT
ijtc-777	72	30	and	and	CCONJ
ijtc-777	72	31	this	this	PRON
ijtc-777	72	32	stimulates	stimulate	VERB
ijtc-777	72	33	investors	investor	NOUN
ijtc-777	72	34	’	’	PART
ijtc-777	72	35	interest	interest	NOUN
ijtc-777	72	36	in	in	ADP
ijtc-777	72	37	the	the	DET
ijtc-777	72	38	company	company	NOUN
ijtc-777	72	39	fundings	funding	NOUN
ijtc-777	72	40	.	.	PUNCT
ijtc-777	73	1	(	(	PUNCT
ijtc-777	73	2	agustia	agustia	PROPN
ijtc-777	73	3	et	et	PROPN
ijtc-777	73	4	al	al	PROPN
ijtc-777	73	5	.	.	PROPN
ijtc-777	73	6	,	,	PUNCT
ijtc-777	73	7	2019	2019	NUM
ijtc-777	73	8	;	;	PUNCT
ijtc-777	73	9	murakami	murakami	NOUN
ijtc-777	73	10	&	&	CCONJ
ijtc-777	73	11	otsuka	otsuka	PROPN
ijtc-777	73	12	,	,	PUNCT
ijtc-777	73	13	2020	2020	NUM
ijtc-777	73	14	;	;	PUNCT
ijtc-777	73	15	suwardika	suwardika	PROPN
ijtc-777	73	16	&	&	CCONJ
ijtc-777	73	17	mustanda	mustanda	PROPN
ijtc-777	73	18	,	,	PUNCT
ijtc-777	73	19	2017	2017	NUM
ijtc-777	73	20	)	)	PUNCT
ijtc-777	73	21	.	.	PUNCT
ijtc-777	74	1	the	the	DET
ijtc-777	74	2	firm	firm	ADJ
ijtc-777	74	3	size	size	NOUN
ijtc-777	74	4	brigham	brigham	PROPN
ijtc-777	74	5	&	&	CCONJ
ijtc-777	74	6	;	;	PUNCT
ijtc-777	74	7	houston	houston	PROPN
ijtc-777	74	8	(	(	PUNCT
ijtc-777	74	9	2010	2010	NUM
ijtc-777	74	10	)	)	PUNCT
ijtc-777	74	11	stated	state	VERB
ijtc-777	74	12	that	that	SCONJ
ijtc-777	74	13	a	a	DET
ijtc-777	74	14	firm	firm	ADJ
ijtc-777	74	15	size	size	NOUN
ijtc-777	74	16	can	can	AUX
ijtc-777	74	17	be	be	AUX
ijtc-777	74	18	grouped	group	VERB
ijtc-777	74	19	based	base	VERB
ijtc-777	74	20	on	on	ADP
ijtc-777	74	21	various	various	ADJ
ijtc-777	74	22	measurements	measurement	NOUN
ijtc-777	74	23	,	,	PUNCT
ijtc-777	74	24	these	these	PRON
ijtc-777	74	25	include	include	VERB
ijtc-777	74	26	:	:	PUNCT
ijtc-777	74	27	total	total	ADJ
ijtc-777	74	28	assets	asset	NOUN
ijtc-777	74	29	,	,	PUNCT
ijtc-777	74	30	total	total	ADJ
ijtc-777	74	31	revenue	revenue	NOUN
ijtc-777	74	32	,	,	PUNCT
ijtc-777	74	33	and	and	CCONJ
ijtc-777	74	34	total	total	ADJ
ijtc-777	74	35	equity	equity	NOUN
ijtc-777	74	36	to	to	PART
ijtc-777	74	37	determine	determine	VERB
ijtc-777	74	38	the	the	DET
ijtc-777	74	39	scale	scale	NOUN
ijtc-777	74	40	of	of	ADP
ijtc-777	74	41	the	the	DET
ijtc-777	74	42	company	company	NOUN
ijtc-777	74	43	.	.	PUNCT
ijtc-777	75	1	an	an	DET
ijtc-777	75	2	increase	increase	NOUN
ijtc-777	75	3	in	in	ADP
ijtc-777	75	4	company	company	NOUN
ijtc-777	75	5	size	size	NOUN
ijtc-777	75	6	is	be	AUX
ijtc-777	75	7	achieved	achieve	VERB
ijtc-777	75	8	through	through	ADP
ijtc-777	75	9	an	an	DET
ijtc-777	75	10	increase	increase	NOUN
ijtc-777	75	11	in	in	ADP
ijtc-777	75	12	company	company	NOUN
ijtc-777	75	13	performance	performance	NOUN
ijtc-777	75	14	that	that	PRON
ijtc-777	75	15	is	be	AUX
ijtc-777	75	16	directly	directly	ADV
ijtc-777	75	17	proportional	proportional	ADJ
ijtc-777	75	18	to	to	ADP
ijtc-777	75	19	sales	sale	NOUN
ijtc-777	75	20	or	or	CCONJ
ijtc-777	75	21	revenues	revenue	NOUN
ijtc-777	75	22	contributing	contribute	VERB
ijtc-777	75	23	to	to	ADP
ijtc-777	75	24	the	the	DET
ijtc-777	75	25	company	company	NOUN
ijtc-777	75	26	profit	profit	NOUN
ijtc-777	75	27	and	and	CCONJ
ijtc-777	75	28	adding	add	VERB
ijtc-777	75	29	equity	equity	NOUN
ijtc-777	75	30	through	through	ADP
ijtc-777	75	31	retained	retain	VERB
ijtc-777	75	32	earnings	earning	NOUN
ijtc-777	75	33	(	(	PUNCT
ijtc-777	75	34	barly	barly	ADV
ijtc-777	75	35	,	,	PUNCT
ijtc-777	75	36	2018	2018	NUM
ijtc-777	75	37	;	;	PUNCT
ijtc-777	75	38	dirman	dirman	NOUN
ijtc-777	75	39	,	,	PUNCT
ijtc-777	75	40	2020	2020	NUM
ijtc-777	75	41	;	;	PUNCT
ijtc-777	75	42	seclen	seclen	VERB
ijtc-777	75	43	-	-	PUNCT
ijtc-777	75	44	luna	luna	PROPN
ijtc-777	75	45	et	et	PROPN
ijtc-777	75	46	al	al	PROPN
ijtc-777	75	47	.	.	PROPN
ijtc-777	75	48	,	,	PUNCT
ijtc-777	75	49	2021	2021	NUM
ijtc-777	75	50	;	;	PUNCT
ijtc-777	75	51	suryana	suryana	PROPN
ijtc-777	75	52	&	&	CCONJ
ijtc-777	75	53	rahayu	rahayu	PROPN
ijtc-777	75	54	,	,	PUNCT
ijtc-777	75	55	2018	2018	NUM
ijtc-777	75	56	)	)	PUNCT
ijtc-777	75	57	.	.	PUNCT
ijtc-777	76	1	(	(	PUNCT
ijtc-777	76	2	watts	watts	PROPN
ijtc-777	76	3	&	&	CCONJ
ijtc-777	76	4	zimmerman	zimmerman	PROPN
ijtc-777	76	5	,	,	PUNCT
ijtc-777	76	6	1986	1986	NUM
ijtc-777	76	7	)	)	PUNCT
ijtc-777	76	8	stated	state	VERB
ijtc-777	76	9	that	that	SCONJ
ijtc-777	76	10	one	one	NUM
ijtc-777	76	11	of	of	ADP
ijtc-777	76	12	the	the	DET
ijtc-777	76	13	major	major	ADJ
ijtc-777	76	14	drives	drive	NOUN
ijtc-777	76	15	in	in	ADP
ijtc-777	76	16	managing	manage	VERB
ijtc-777	76	17	corporate	corporate	ADJ
ijtc-777	76	18	financial	financial	ADJ
ijtc-777	76	19	profits	profit	NOUN
ijtc-777	76	20	through	through	ADP
ijtc-777	76	21	positive	positive	ADJ
ijtc-777	76	22	accounting	accounting	NOUN
ijtc-777	76	23	theory	theory	NOUN
ijtc-777	76	24	is	be	AUX
ijtc-777	76	25	the	the	DET
ijtc-777	76	26	size	size	NOUN
ijtc-777	76	27	of	of	ADP
ijtc-777	76	28	the	the	DET
ijtc-777	76	29	company	company	NOUN
ijtc-777	76	30	in	in	ADP
ijtc-777	76	31	a	a	DET
ijtc-777	76	32	relation	relation	NOUN
ijtc-777	76	33	to	to	ADP
ijtc-777	76	34	political	political	ADJ
ijtc-777	76	35	cost	cost	NOUN
ijtc-777	76	36	&	&	CCONJ
ijtc-777	76	37	political	political	ADJ
ijtc-777	76	38	power	power	NOUN
ijtc-777	76	39	.	.	PUNCT
ijtc-777	77	1	in	in	ADP
ijtc-777	77	2	particular	particular	ADJ
ijtc-777	77	3	,	,	PUNCT
ijtc-777	77	4	under	under	ADP
ijtc-777	77	5	political	political	ADJ
ijtc-777	77	6	cost	cost	NOUN
ijtc-777	77	7	theory	theory	NOUN
ijtc-777	77	8	,	,	PUNCT
ijtc-777	77	9	larger	large	ADJ
ijtc-777	77	10	,	,	PUNCT
ijtc-777	77	11	more	more	ADV
ijtc-777	77	12	affluent	affluent	ADJ
ijtc-777	77	13	firms	firm	NOUN
ijtc-777	77	14	are	be	AUX
ijtc-777	77	15	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-777	77	16	the	the	DET
ijtc-777	77	17	moderation	moderation	NOUN
ijtc-777	77	18	role	role	NOUN
ijtc-777	77	19	of	of	ADP
ijtc-777	77	20	tax	tax	NOUN
ijtc-777	77	21	rate	rate	NOUN
ijtc-777	77	22	reduction	reduction	NOUN
ijtc-777	77	23	and	and	CCONJ
ijtc-777	77	24	state	state	NOUN
ijtc-777	77	25	ownership	ownership	NOUN
ijtc-777	77	26	status	status	NOUN
ijtc-777	77	27	in	in	ADP
ijtc-777	77	28	the	the	DET
ijtc-777	77	29	effect	effect	NOUN
ijtc-777	77	30	of	of	ADP
ijtc-777	77	31	tax	tax	NOUN
ijtc-777	77	32	aggresiveness	aggresiveness	NOUN
ijtc-777	77	33	on	on	ADP
ijtc-777	77	34	company	company	NOUN
ijtc-777	77	35	value	value	NOUN
ijtc-777	77	36	ardhi	ardhi	NOUN
ijtc-777	77	37	and	and	CCONJ
ijtc-777	77	38	lubis	lubi	VERB
ijtc-777	77	39	455	455	NUM
ijtc-777	77	40	|	|	ADV
ijtc-777	77	41	ilomata	ilomata	PROPN
ijtc-777	77	42	international	international	ADJ
ijtc-777	77	43	journal	journal	NOUN
ijtc-777	77	44	of	of	ADP
ijtc-777	77	45	tax	tax	PROPN
ijtc-777	77	46	&	&	CCONJ
ijtc-777	77	47	accounting	account	VERB
ijtc-777	77	48	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-777	77	49	victims	victim	NOUN
ijtc-777	77	50	of	of	ADP
ijtc-777	77	51	greater	great	ADJ
ijtc-777	77	52	regulatory	regulatory	ADJ
ijtc-777	77	53	action	action	NOUN
ijtc-777	77	54	by	by	ADP
ijtc-777	77	55	governments	government	NOUN
ijtc-777	77	56	through	through	ADP
ijtc-777	77	57	wealth	wealth	NOUN
ijtc-777	77	58	transfer	transfer	NOUN
ijtc-777	77	59	because	because	SCONJ
ijtc-777	77	60	they	they	PRON
ijtc-777	77	61	have	have	VERB
ijtc-777	77	62	higher	high	ADJ
ijtc-777	77	63	visibility	visibility	NOUN
ijtc-777	77	64	(	(	PUNCT
ijtc-777	77	65	watts	watts	PROPN
ijtc-777	77	66	&	&	CCONJ
ijtc-777	77	67	zimmerman	zimmerman	PROPN
ijtc-777	77	68	,	,	PUNCT
ijtc-777	77	69	1986	1986	NUM
ijtc-777	77	70	)	)	PUNCT
ijtc-777	77	71	.	.	PUNCT
ijtc-777	78	1	an	an	DET
ijtc-777	78	2	alternative	alternative	ADJ
ijtc-777	78	3	view	view	NOUN
ijtc-777	78	4	through	through	ADP
ijtc-777	78	5	political	political	ADJ
ijtc-777	78	6	power	power	NOUN
ijtc-777	78	7	theory	theory	NOUN
ijtc-777	78	8	is	be	AUX
ijtc-777	78	9	that	that	SCONJ
ijtc-777	78	10	they	they	PRON
ijtc-777	78	11	can	can	AUX
ijtc-777	78	12	do	do	VERB
ijtc-777	78	13	tax	tax	NOUN
ijtc-777	78	14	planning	planning	NOUN
ijtc-777	78	15	,	,	PUNCT
ijtc-777	78	16	and	and	CCONJ
ijtc-777	78	17	can	can	AUX
ijtc-777	78	18	determine	determine	VERB
ijtc-777	78	19	activities	activity	NOUN
ijtc-777	78	20	with	with	ADP
ijtc-777	78	21	the	the	DET
ijtc-777	78	22	objective	objective	NOUN
ijtc-777	78	23	of	of	ADP
ijtc-777	78	24	achieving	achieve	VERB
ijtc-777	78	25	optimal	optimal	ADJ
ijtc-777	78	26	cost	cost	NOUN
ijtc-777	78	27	savings	saving	NOUN
ijtc-777	78	28	through	through	ADP
ijtc-777	78	29	taxes	taxis	NOUN
ijtc-777	78	30	because	because	SCONJ
ijtc-777	78	31	they	they	PRON
ijtc-777	78	32	have	have	VERB
ijtc-777	78	33	substantial	substantial	ADJ
ijtc-777	78	34	resources	resource	NOUN
ijtc-777	78	35	to	to	PART
ijtc-777	78	36	manipulate	manipulate	VERB
ijtc-777	78	37	the	the	DET
ijtc-777	78	38	political	political	ADJ
ijtc-777	78	39	process	process	NOUN
ijtc-777	78	40	(	(	PUNCT
ijtc-777	78	41	siegfried	siegfrie	VERB
ijtc-777	78	42	,	,	PUNCT
ijtc-777	78	43	1972	1972	NUM
ijtc-777	78	44	)	)	PUNCT
ijtc-777	78	45	.	.	PUNCT
ijtc-777	79	1	tax	tax	NOUN
ijtc-777	79	2	aggressiveness	aggressiveness	NOUN
ijtc-777	79	3	and	and	CCONJ
ijtc-777	79	4	firm	firm	ADJ
ijtc-777	79	5	value	value	NOUN
ijtc-777	79	6	the	the	DET
ijtc-777	79	7	transfer	transfer	NOUN
ijtc-777	79	8	of	of	ADP
ijtc-777	79	9	wealth	wealth	NOUN
ijtc-777	79	10	by	by	ADP
ijtc-777	79	11	companies	company	NOUN
ijtc-777	79	12	to	to	ADP
ijtc-777	79	13	the	the	DET
ijtc-777	79	14	state	state	NOUN
ijtc-777	79	15	through	through	ADP
ijtc-777	79	16	the	the	DET
ijtc-777	79	17	payment	payment	NOUN
ijtc-777	79	18	of	of	ADP
ijtc-777	79	19	income	income	NOUN
ijtc-777	79	20	tax	tax	NOUN
ijtc-777	79	21	is	be	AUX
ijtc-777	79	22	actually	actually	ADV
ijtc-777	79	23	a	a	DET
ijtc-777	79	24	cost	cost	NOUN
ijtc-777	79	25	for	for	ADP
ijtc-777	79	26	the	the	DET
ijtc-777	79	27	company	company	NOUN
ijtc-777	79	28	(	(	PUNCT
ijtc-777	79	29	sari	sari	NOUN
ijtc-777	79	30	,	,	PUNCT
ijtc-777	79	31	2010	2010	NUM
ijtc-777	79	32	)	)	PUNCT
ijtc-777	79	33	,	,	PUNCT
ijtc-777	79	34	so	so	SCONJ
ijtc-777	79	35	that	that	SCONJ
ijtc-777	79	36	the	the	DET
ijtc-777	79	37	company	company	NOUN
ijtc-777	79	38	will	will	AUX
ijtc-777	79	39	optimize	optimize	VERB
ijtc-777	79	40	the	the	DET
ijtc-777	79	41	tax	tax	NOUN
ijtc-777	79	42	paid	pay	VERB
ijtc-777	79	43	in	in	ADP
ijtc-777	79	44	order	order	NOUN
ijtc-777	79	45	to	to	PART
ijtc-777	79	46	maximize	maximize	VERB
ijtc-777	79	47	the	the	DET
ijtc-777	79	48	company	company	NOUN
ijtc-777	79	49	's	's	PART
ijtc-777	79	50	profit	profit	NOUN
ijtc-777	79	51	,	,	PUNCT
ijtc-777	79	52	and	and	CCONJ
ijtc-777	79	53	this	this	PRON
ijtc-777	79	54	has	have	VERB
ijtc-777	79	55	an	an	DET
ijtc-777	79	56	impact	impact	NOUN
ijtc-777	79	57	on	on	ADP
ijtc-777	79	58	optimal	optimal	ADJ
ijtc-777	79	59	returns	return	NOUN
ijtc-777	79	60	to	to	ADP
ijtc-777	79	61	shareholders	shareholder	NOUN
ijtc-777	79	62	.	.	PUNCT
ijtc-777	80	1	the	the	DET
ijtc-777	80	2	tendency	tendency	NOUN
ijtc-777	80	3	of	of	ADP
ijtc-777	80	4	company	company	NOUN
ijtc-777	80	5	management	management	NOUN
ijtc-777	80	6	to	to	PART
ijtc-777	80	7	carry	carry	VERB
ijtc-777	80	8	out	out	ADP
ijtc-777	80	9	tax	tax	NOUN
ijtc-777	80	10	aggressiveness	aggressiveness	NOUN
ijtc-777	80	11	for	for	ADP
ijtc-777	80	12	efficiency	efficiency	NOUN
ijtc-777	80	13	will	will	AUX
ijtc-777	80	14	be	be	AUX
ijtc-777	80	15	favored	favor	VERB
ijtc-777	80	16	by	by	ADP
ijtc-777	80	17	company	company	NOUN
ijtc-777	80	18	owners	owner	NOUN
ijtc-777	80	19	(	(	PUNCT
ijtc-777	80	20	chen	chen	PROPN
ijtc-777	80	21	et	et	PROPN
ijtc-777	80	22	al	al	PROPN
ijtc-777	80	23	.	.	PROPN
ijtc-777	80	24	,	,	PUNCT
ijtc-777	80	25	2014	2014	NUM
ijtc-777	80	26	)	)	PUNCT
ijtc-777	80	27	,	,	PUNCT
ijtc-777	80	28	but	but	CCONJ
ijtc-777	80	29	(	(	PUNCT
ijtc-777	80	30	kamila	kamila	PROPN
ijtc-777	80	31	,	,	PUNCT
ijtc-777	80	32	2017	2017	NUM
ijtc-777	80	33	)	)	PUNCT
ijtc-777	80	34	stated	state	VERB
ijtc-777	80	35	that	that	SCONJ
ijtc-777	80	36	tax	tax	NOUN
ijtc-777	80	37	aggressiveness	aggressiveness	NOUN
ijtc-777	80	38	carried	carry	VERB
ijtc-777	80	39	out	out	ADP
ijtc-777	80	40	by	by	ADP
ijtc-777	80	41	management	management	NOUN
ijtc-777	80	42	can	can	AUX
ijtc-777	80	43	damage	damage	VERB
ijtc-777	80	44	the	the	DET
ijtc-777	80	45	company	company	NOUN
ijtc-777	80	46	's	's	PART
ijtc-777	80	47	reputation	reputation	NOUN
ijtc-777	80	48	as	as	SCONJ
ijtc-777	80	49	perceived	perceive	VERB
ijtc-777	80	50	by	by	ADP
ijtc-777	80	51	both	both	DET
ijtc-777	80	52	investors	investor	NOUN
ijtc-777	80	53	and	and	CCONJ
ijtc-777	80	54	creditors	creditor	NOUN
ijtc-777	80	55	.	.	PUNCT
ijtc-777	81	1	additionally	additionally	ADV
ijtc-777	81	2	,	,	PUNCT
ijtc-777	81	3	previous	previous	ADJ
ijtc-777	81	4	observations	observation	NOUN
ijtc-777	81	5	found	find	VERB
ijtc-777	81	6	that	that	SCONJ
ijtc-777	81	7	corporate	corporate	ADJ
ijtc-777	81	8	value	value	NOUN
ijtc-777	81	9	is	be	AUX
ijtc-777	81	10	negatively	negatively	ADV
ijtc-777	81	11	affected	affect	VERB
ijtc-777	81	12	by	by	ADP
ijtc-777	81	13	tax	tax	NOUN
ijtc-777	81	14	aggressiveness	aggressiveness	NOUN
ijtc-777	81	15	.	.	PUNCT
ijtc-777	82	1	desai	desai	PROPN
ijtc-777	82	2	&	&	CCONJ
ijtc-777	82	3	dharmapala	dharmapala	PROPN
ijtc-777	82	4	(	(	PUNCT
ijtc-777	82	5	2009	2009	NUM
ijtc-777	82	6	)	)	PUNCT
ijtc-777	82	7	state	state	NOUN
ijtc-777	82	8	that	that	SCONJ
ijtc-777	82	9	the	the	DET
ijtc-777	82	10	value	value	NOUN
ijtc-777	82	11	of	of	ADP
ijtc-777	82	12	the	the	DET
ijtc-777	82	13	company	company	NOUN
ijtc-777	82	14	is	be	AUX
ijtc-777	82	15	not	not	PART
ijtc-777	82	16	influenced	influence	VERB
ijtc-777	82	17	by	by	ADP
ijtc-777	82	18	tax	tax	NOUN
ijtc-777	82	19	aggressiveness	aggressiveness	NOUN
ijtc-777	82	20	.	.	PUNCT
ijtc-777	83	1	meanwhile	meanwhile	ADV
ijtc-777	83	2	,	,	PUNCT
ijtc-777	83	3	(	(	PUNCT
ijtc-777	83	4	chasbiandani	chasbiandani	NOUN
ijtc-777	83	5	,	,	PUNCT
ijtc-777	83	6	2012	2012	NUM
ijtc-777	83	7	)	)	PUNCT
ijtc-777	83	8	,	,	PUNCT
ijtc-777	83	9	emphasized	emphasize	VERB
ijtc-777	83	10	that	that	SCONJ
ijtc-777	83	11	the	the	DET
ijtc-777	83	12	company	company	NOUN
ijtc-777	83	13	value	value	NOUN
ijtc-777	83	14	is	be	AUX
ijtc-777	83	15	positively	positively	ADV
ijtc-777	83	16	affected	affect	VERB
ijtc-777	83	17	by	by	ADP
ijtc-777	83	18	long	long	ADJ
ijtc-777	83	19	-	-	PUNCT
ijtc-777	83	20	term	term	NOUN
ijtc-777	83	21	tax	tax	NOUN
ijtc-777	83	22	avoidance	avoidance	NOUN
ijtc-777	83	23	.	.	PUNCT
ijtc-777	84	1	based	base	VERB
ijtc-777	84	2	on	on	ADP
ijtc-777	84	3	these	these	DET
ijtc-777	84	4	inconsistent	inconsistent	ADJ
ijtc-777	84	5	results	result	NOUN
ijtc-777	84	6	,	,	PUNCT
ijtc-777	84	7	the	the	DET
ijtc-777	84	8	hypothesis	hypothesis	NOUN
ijtc-777	84	9	the	the	DET
ijtc-777	84	10	researchers	researcher	NOUN
ijtc-777	84	11	believe	believe	VERB
ijtc-777	84	12	is	be	AUX
ijtc-777	84	13	that	that	DET
ijtc-777	84	14	corporate	corporate	ADJ
ijtc-777	84	15	tax	tax	NOUN
ijtc-777	84	16	aggressiveness	aggressiveness	NOUN
ijtc-777	84	17	,	,	PUNCT
ijtc-777	84	18	measured	measure	VERB
ijtc-777	84	19	through	through	ADP
ijtc-777	84	20	the	the	DET
ijtc-777	84	21	etr	etr	PROPN
ijtc-777	84	22	level	level	NOUN
ijtc-777	84	23	as	as	ADP
ijtc-777	84	24	a	a	DET
ijtc-777	84	25	proxy	proxy	NOUN
ijtc-777	84	26	in	in	ADP
ijtc-777	84	27	testing	testing	NOUN
ijtc-777	84	28	,	,	PUNCT
ijtc-777	84	29	will	will	AUX
ijtc-777	84	30	affect	affect	VERB
ijtc-777	84	31	the	the	DET
ijtc-777	84	32	value	value	NOUN
ijtc-777	84	33	of	of	ADP
ijtc-777	84	34	the	the	DET
ijtc-777	84	35	company	company	NOUN
ijtc-777	84	36	.	.	PUNCT
ijtc-777	85	1	the	the	DET
ijtc-777	85	2	hypotheses	hypothesis	NOUN
ijtc-777	85	3	is	be	AUX
ijtc-777	85	4	seen	see	VERB
ijtc-777	85	5	as	as	SCONJ
ijtc-777	85	6	follows	follow	VERB
ijtc-777	85	7	:	:	PUNCT
ijtc-777	85	8	h1	h1	NOUN
ijtc-777	85	9	:	:	PUNCT
ijtc-777	85	10	tax	tax	NOUN
ijtc-777	85	11	aggressiveness	aggressiveness	NOUN
ijtc-777	85	12	affects	affect	VERB
ijtc-777	85	13	the	the	DET
ijtc-777	85	14	company	company	NOUN
ijtc-777	85	15	value	value	NOUN
ijtc-777	85	16	of	of	ADP
ijtc-777	85	17	public	public	ADJ
ijtc-777	85	18	companies	company	NOUN
ijtc-777	85	19	in	in	ADP
ijtc-777	85	20	indonesia	indonesia	PROPN
ijtc-777	85	21	.	.	PUNCT
ijtc-777	86	1	tax	tax	NOUN
ijtc-777	86	2	aggressiveness	aggressiveness	NOUN
ijtc-777	86	3	,	,	PUNCT
ijtc-777	86	4	tax	tax	NOUN
ijtc-777	86	5	rate	rate	NOUN
ijtc-777	86	6	reduction	reduction	NOUN
ijtc-777	86	7	and	and	CCONJ
ijtc-777	86	8	firm	firm	ADJ
ijtc-777	86	9	value	value	NOUN
ijtc-777	86	10	guenther	guenther	NOUN
ijtc-777	86	11	(	(	PUNCT
ijtc-777	86	12	1994	1994	NUM
ijtc-777	86	13	)	)	PUNCT
ijtc-777	86	14	revealed	reveal	VERB
ijtc-777	86	15	that	that	SCONJ
ijtc-777	86	16	corporate	corporate	ADJ
ijtc-777	86	17	profit	profit	NOUN
ijtc-777	86	18	management	management	NOUN
ijtc-777	86	19	actions	action	NOUN
ijtc-777	86	20	are	be	AUX
ijtc-777	86	21	in	in	ADP
ijtc-777	86	22	response	response	NOUN
ijtc-777	86	23	to	to	ADP
ijtc-777	86	24	the	the	DET
ijtc-777	86	25	1986	1986	NUM
ijtc-777	86	26	tax	tax	NOUN
ijtc-777	86	27	reform	reform	NOUN
ijtc-777	86	28	in	in	ADP
ijtc-777	86	29	the	the	DET
ijtc-777	86	30	united	united	PROPN
ijtc-777	86	31	states	states	PROPN
ijtc-777	86	32	.	.	PUNCT
ijtc-777	87	1	yin	yin	PROPN
ijtc-777	87	2	&	&	CCONJ
ijtc-777	87	3	cheng	cheng	PROPN
ijtc-777	87	4	(	(	PUNCT
ijtc-777	87	5	2004	2004	NUM
ijtc-777	87	6	)	)	PUNCT
ijtc-777	87	7	also	also	ADV
ijtc-777	87	8	conducted	conduct	VERB
ijtc-777	87	9	studies	study	NOUN
ijtc-777	87	10	related	relate	VERB
ijtc-777	87	11	to	to	ADP
ijtc-777	87	12	profit	profit	NOUN
ijtc-777	87	13	management	management	NOUN
ijtc-777	87	14	and	and	CCONJ
ijtc-777	87	15	tariff	tariff	NOUN
ijtc-777	87	16	reductions	reduction	NOUN
ijtc-777	87	17	in	in	ADP
ijtc-777	87	18	the	the	DET
ijtc-777	87	19	united	united	PROPN
ijtc-777	87	20	states	states	PROPN
ijtc-777	87	21	,	,	PUNCT
ijtc-777	87	22	and	and	CCONJ
ijtc-777	87	23	the	the	DET
ijtc-777	87	24	results	result	NOUN
ijtc-777	87	25	of	of	ADP
ijtc-777	87	26	the	the	DET
ijtc-777	87	27	observations	observation	NOUN
ijtc-777	87	28	indicate	indicate	VERB
ijtc-777	87	29	that	that	SCONJ
ijtc-777	87	30	profitable	profitable	ADJ
ijtc-777	87	31	companies	company	NOUN
ijtc-777	87	32	are	be	AUX
ijtc-777	87	33	more	more	ADV
ijtc-777	87	34	interested	interested	ADJ
ijtc-777	87	35	in	in	ADP
ijtc-777	87	36	implementing	implement	VERB
ijtc-777	87	37	profit	profit	NOUN
ijtc-777	87	38	management	management	NOUN
ijtc-777	87	39	than	than	ADP
ijtc-777	87	40	companies	company	NOUN
ijtc-777	87	41	with	with	ADP
ijtc-777	87	42	a	a	DET
ijtc-777	87	43	considerable	considerable	ADJ
ijtc-777	87	44	loss	loss	NOUN
ijtc-777	87	45	.	.	PUNCT
ijtc-777	88	1	another	another	DET
ijtc-777	88	2	research	research	NOUN
ijtc-777	88	3	related	relate	VERB
ijtc-777	88	4	to	to	ADP
ijtc-777	88	5	tariff	tariff	NOUN
ijtc-777	88	6	changes	change	NOUN
ijtc-777	88	7	in	in	ADP
ijtc-777	88	8	indonesia	indonesia	PROPN
ijtc-777	88	9	conducted	conduct	VERB
ijtc-777	88	10	by	by	ADP
ijtc-777	88	11	wijaya	wijaya	PROPN
ijtc-777	88	12	&	&	CCONJ
ijtc-777	88	13	martani	martani	PROPN
ijtc-777	88	14	(	(	PUNCT
ijtc-777	88	15	2011	2011	NUM
ijtc-777	88	16	)	)	PUNCT
ijtc-777	88	17	concluded	conclude	VERB
ijtc-777	88	18	that	that	SCONJ
ijtc-777	88	19	there	there	PRON
ijtc-777	88	20	is	be	VERB
ijtc-777	88	21	a	a	DET
ijtc-777	88	22	growing	grow	VERB
ijtc-777	88	23	trend	trend	NOUN
ijtc-777	88	24	in	in	ADP
ijtc-777	88	25	which	which	PRON
ijtc-777	88	26	profit	profit	NOUN
ijtc-777	88	27	management	management	NOUN
ijtc-777	88	28	in	in	ADP
ijtc-777	88	29	companies	company	NOUN
ijtc-777	88	30	generate	generate	VERB
ijtc-777	88	31	more	more	ADJ
ijtc-777	88	32	profit	profit	NOUN
ijtc-777	88	33	than	than	ADP
ijtc-777	88	34	companies	company	NOUN
ijtc-777	88	35	with	with	ADP
ijtc-777	88	36	a	a	DET
ijtc-777	88	37	considerable	considerable	ADJ
ijtc-777	88	38	money	money	NOUN
ijtc-777	88	39	lost	lose	VERB
ijtc-777	88	40	by	by	ADP
ijtc-777	88	41	delaying	delay	VERB
ijtc-777	88	42	recognition	recognition	NOUN
ijtc-777	88	43	of	of	ADP
ijtc-777	88	44	company	company	NOUN
ijtc-777	88	45	earnings	earning	NOUN
ijtc-777	88	46	to	to	PART
ijtc-777	88	47	suit	suit	VERB
ijtc-777	88	48	a	a	DET
ijtc-777	88	49	lower	low	ADJ
ijtc-777	88	50	tariff	tariff	NOUN
ijtc-777	88	51	period	period	NOUN
ijtc-777	88	52	.	.	PUNCT
ijtc-777	89	1	furthermore	furthermore	ADV
ijtc-777	89	2	,	,	PUNCT
ijtc-777	89	3	a	a	DET
ijtc-777	89	4	research	research	NOUN
ijtc-777	89	5	by	by	ADP
ijtc-777	89	6	(	(	PUNCT
ijtc-777	89	7	frista	frista	ADJ
ijtc-777	89	8	:	:	PUNCT
ijtc-777	89	9	2018	2018	NUM
ijtc-777	89	10	)	)	PUNCT
ijtc-777	89	11	showed	show	VERB
ijtc-777	89	12	a	a	DET
ijtc-777	89	13	shift	shift	NOUN
ijtc-777	89	14	in	in	ADP
ijtc-777	89	15	the	the	DET
ijtc-777	89	16	flat	flat	ADJ
ijtc-777	89	17	tax	tax	NOUN
ijtc-777	89	18	rate	rate	NOUN
ijtc-777	89	19	from	from	ADP
ijtc-777	89	20	a	a	DET
ijtc-777	89	21	progressive	progressive	NOUN
ijtc-777	89	22	to	to	ADP
ijtc-777	89	23	a	a	DET
ijtc-777	89	24	flat	flat	ADJ
ijtc-777	89	25	tax	tax	NOUN
ijtc-777	89	26	rate	rate	NOUN
ijtc-777	89	27	in	in	ADP
ijtc-777	89	28	2009	2009	NUM
ijtc-777	89	29	affected	affect	VERB
ijtc-777	89	30	the	the	DET
ijtc-777	89	31	decline	decline	NOUN
ijtc-777	89	32	in	in	ADP
ijtc-777	89	33	corporate	corporate	ADJ
ijtc-777	89	34	tax	tax	NOUN
ijtc-777	89	35	aggressiveness	aggressiveness	NOUN
ijtc-777	89	36	.	.	PUNCT
ijtc-777	90	1	therefore	therefore	ADV
ijtc-777	90	2	,	,	PUNCT
ijtc-777	90	3	it	it	PRON
ijtc-777	90	4	can	can	AUX
ijtc-777	90	5	be	be	AUX
ijtc-777	90	6	concluded	conclude	VERB
ijtc-777	90	7	that	that	SCONJ
ijtc-777	90	8	aggressiveness	aggressiveness	NOUN
ijtc-777	90	9	in	in	ADP
ijtc-777	90	10	financial	financial	ADJ
ijtc-777	90	11	reporting	reporting	NOUN
ijtc-777	90	12	or	or	CCONJ
ijtc-777	90	13	profit	profit	NOUN
ijtc-777	90	14	management	management	NOUN
ijtc-777	90	15	will	will	AUX
ijtc-777	90	16	be	be	AUX
ijtc-777	90	17	greater	great	ADJ
ijtc-777	90	18	when	when	SCONJ
ijtc-777	90	19	there	there	PRON
ijtc-777	90	20	has	have	AUX
ijtc-777	90	21	been	be	AUX
ijtc-777	90	22	a	a	DET
ijtc-777	90	23	change	change	NOUN
ijtc-777	90	24	in	in	ADP
ijtc-777	90	25	tax	tax	NOUN
ijtc-777	90	26	rates	rate	NOUN
ijtc-777	90	27	.	.	PUNCT
ijtc-777	91	1	in	in	ADP
ijtc-777	91	2	contrast	contrast	NOUN
ijtc-777	91	3	to	to	ADP
ijtc-777	91	4	the	the	DET
ijtc-777	91	5	phenomenon	phenomenon	NOUN
ijtc-777	91	6	of	of	ADP
ijtc-777	91	7	profit	profit	NOUN
ijtc-777	91	8	management	management	NOUN
ijtc-777	91	9	,	,	PUNCT
ijtc-777	91	10	with	with	ADP
ijtc-777	91	11	the	the	DET
ijtc-777	91	12	changes	change	NOUN
ijtc-777	91	13	in	in	ADP
ijtc-777	91	14	the	the	DET
ijtc-777	91	15	tax	tax	NOUN
ijtc-777	91	16	rates	rate	NOUN
ijtc-777	91	17	,	,	PUNCT
ijtc-777	91	18	tax	tax	NOUN
ijtc-777	91	19	aggressiveness	aggressiveness	NOUN
ijtc-777	91	20	proves	prove	VERB
ijtc-777	91	21	to	to	PART
ijtc-777	91	22	be	be	AUX
ijtc-777	91	23	smaller	small	ADJ
ijtc-777	91	24	,	,	PUNCT
ijtc-777	91	25	because	because	SCONJ
ijtc-777	91	26	management	management	NOUN
ijtc-777	91	27	has	have	AUX
ijtc-777	91	28	benefited	benefit	VERB
ijtc-777	91	29	from	from	ADP
ijtc-777	91	30	the	the	DET
ijtc-777	91	31	changes	change	NOUN
ijtc-777	91	32	in	in	ADP
ijtc-777	91	33	the	the	DET
ijtc-777	91	34	tax	tax	NOUN
ijtc-777	91	35	obligations	obligation	NOUN
ijtc-777	91	36	and	and	CCONJ
ijtc-777	91	37	should	should	AUX
ijtc-777	91	38	consider	consider	VERB
ijtc-777	91	39	the	the	DET
ijtc-777	91	40	impact	impact	NOUN
ijtc-777	91	41	of	of	ADP
ijtc-777	91	42	tax	tax	NOUN
ijtc-777	91	43	aggressiveness	aggressiveness	NOUN
ijtc-777	91	44	that	that	PRON
ijtc-777	91	45	may	may	AUX
ijtc-777	91	46	arise	arise	VERB
ijtc-777	91	47	in	in	ADP
ijtc-777	91	48	the	the	DET
ijtc-777	91	49	next	next	ADJ
ijtc-777	91	50	periods	period	NOUN
ijtc-777	91	51	.	.	PUNCT
ijtc-777	92	1	with	with	ADP
ijtc-777	92	2	the	the	DET
ijtc-777	92	3	description	description	NOUN
ijtc-777	92	4	given	give	VERB
ijtc-777	92	5	,	,	PUNCT
ijtc-777	92	6	the	the	DET
ijtc-777	92	7	next	next	ADJ
ijtc-777	92	8	hypotheses	hypothesis	NOUN
ijtc-777	92	9	is	be	AUX
ijtc-777	92	10	:	:	PUNCT
ijtc-777	92	11	h2	h2	NOUN
ijtc-777	92	12	:	:	PUNCT
ijtc-777	92	13	the	the	DET
ijtc-777	92	14	reduction	reduction	NOUN
ijtc-777	92	15	in	in	ADP
ijtc-777	92	16	tax	tax	NOUN
ijtc-777	92	17	rates	rate	NOUN
ijtc-777	92	18	affects	affect	VERB
ijtc-777	92	19	the	the	DET
ijtc-777	92	20	relationship	relationship	NOUN
ijtc-777	92	21	between	between	ADP
ijtc-777	92	22	tax	tax	NOUN
ijtc-777	92	23	aggressiveness	aggressiveness	NOUN
ijtc-777	92	24	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-777	92	25	the	the	DET
ijtc-777	92	26	moderation	moderation	NOUN
ijtc-777	92	27	role	role	NOUN
ijtc-777	92	28	of	of	ADP
ijtc-777	92	29	tax	tax	NOUN
ijtc-777	92	30	rate	rate	NOUN
ijtc-777	92	31	reduction	reduction	NOUN
ijtc-777	92	32	and	and	CCONJ
ijtc-777	92	33	state	state	NOUN
ijtc-777	92	34	ownership	ownership	NOUN
ijtc-777	92	35	status	status	NOUN
ijtc-777	92	36	in	in	ADP
ijtc-777	92	37	the	the	DET
ijtc-777	92	38	effect	effect	NOUN
ijtc-777	92	39	of	of	ADP
ijtc-777	92	40	tax	tax	NOUN
ijtc-777	92	41	aggresiveness	aggresiveness	NOUN
ijtc-777	92	42	on	on	ADP
ijtc-777	92	43	company	company	NOUN
ijtc-777	92	44	value	value	NOUN
ijtc-777	92	45	ardhi	ardhi	NOUN
ijtc-777	92	46	and	and	CCONJ
ijtc-777	92	47	lubis	lubi	VERB
ijtc-777	92	48	456	456	NUM
ijtc-777	92	49	|	|	ADV
ijtc-777	92	50	ilomata	ilomata	VERB
ijtc-777	92	51	international	international	ADJ
ijtc-777	92	52	journal	journal	NOUN
ijtc-777	92	53	of	of	ADP
ijtc-777	92	54	tax	tax	PROPN
ijtc-777	92	55	&	&	CCONJ
ijtc-777	92	56	accounting	accounting	PROPN
ijtc-777	92	57	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-777	92	58	and	and	CCONJ
ijtc-777	92	59	company	company	NOUN
ijtc-777	92	60	value	value	NOUN
ijtc-777	92	61	of	of	ADP
ijtc-777	92	62	public	public	ADJ
ijtc-777	92	63	companies	company	NOUN
ijtc-777	92	64	in	in	ADP
ijtc-777	92	65	indonesia	indonesia	PROPN
ijtc-777	92	66	.	.	PUNCT
ijtc-777	93	1	tax	tax	NOUN
ijtc-777	93	2	aggressiveness	aggressiveness	NOUN
ijtc-777	93	3	,	,	PUNCT
ijtc-777	93	4	firm	firm	ADJ
ijtc-777	93	5	size	size	NOUN
ijtc-777	93	6	and	and	CCONJ
ijtc-777	93	7	firm	firm	ADJ
ijtc-777	93	8	value	value	NOUN
ijtc-777	93	9	studies	study	NOUN
ijtc-777	93	10	in	in	ADP
ijtc-777	93	11	america	america	PROPN
ijtc-777	93	12	revealed	reveal	VERB
ijtc-777	93	13	the	the	DET
ijtc-777	93	14	contradictory	contradictory	ADJ
ijtc-777	93	15	results	result	NOUN
ijtc-777	93	16	on	on	ADP
ijtc-777	93	17	the	the	DET
ijtc-777	93	18	relationship	relationship	NOUN
ijtc-777	93	19	between	between	ADP
ijtc-777	93	20	etr	etr	PROPN
ijtc-777	93	21	and	and	CCONJ
ijtc-777	93	22	the	the	DET
ijtc-777	93	23	company	company	NOUN
ijtc-777	93	24	size	size	VERB
ijtc-777	93	25	.	.	PUNCT
ijtc-777	94	1	a	a	DET
ijtc-777	94	2	positive	positive	ADJ
ijtc-777	94	3	relationship	relationship	NOUN
ijtc-777	94	4	between	between	ADP
ijtc-777	94	5	etr	etr	PROPN
ijtc-777	94	6	and	and	CCONJ
ijtc-777	94	7	firm	firm	ADJ
ijtc-777	94	8	size	size	NOUN
ijtc-777	94	9	was	be	AUX
ijtc-777	94	10	found	find	VERB
ijtc-777	94	11	by	by	ADP
ijtc-777	94	12	zimmerman	zimmerman	PROPN
ijtc-777	94	13	(	(	PUNCT
ijtc-777	94	14	1983	1983	NUM
ijtc-777	94	15	)	)	PUNCT
ijtc-777	94	16	,	,	PUNCT
ijtc-777	94	17	while	while	SCONJ
ijtc-777	94	18	porcano	porcano	NOUN
ijtc-777	94	19	(	(	PUNCT
ijtc-777	94	20	1986	1986	NUM
ijtc-777	94	21	)	)	PUNCT
ijtc-777	94	22	highlighted	highlight	VERB
ijtc-777	94	23	a	a	DET
ijtc-777	94	24	negative	negative	ADJ
ijtc-777	94	25	relationship	relationship	NOUN
ijtc-777	94	26	between	between	ADP
ijtc-777	94	27	the	the	DET
ijtc-777	94	28	two	two	NUM
ijtc-777	94	29	variables	variable	NOUN
ijtc-777	94	30	.	.	PUNCT
ijtc-777	95	1	ultimately	ultimately	ADV
ijtc-777	95	2	,	,	PUNCT
ijtc-777	95	3	empirical	empirical	ADJ
ijtc-777	95	4	evidence	evidence	NOUN
ijtc-777	95	5	suggests	suggest	VERB
ijtc-777	95	6	that	that	SCONJ
ijtc-777	95	7	such	such	ADJ
ijtc-777	95	8	inconsistent	inconsistent	ADJ
ijtc-777	95	9	findings	finding	NOUN
ijtc-777	95	10	gave	give	VERB
ijtc-777	95	11	an	an	DET
ijtc-777	95	12	effect	effect	NOUN
ijtc-777	95	13	on	on	ADP
ijtc-777	95	14	the	the	DET
ijtc-777	95	15	firm	firm	ADJ
ijtc-777	95	16	size	size	NOUN
ijtc-777	95	17	being	be	AUX
ijtc-777	95	18	a	a	DET
ijtc-777	95	19	very	very	ADV
ijtc-777	95	20	specific	specific	ADJ
ijtc-777	95	21	sample	sample	NOUN
ijtc-777	95	22	and	and	CCONJ
ijtc-777	95	23	may	may	AUX
ijtc-777	95	24	not	not	PART
ijtc-777	95	25	always	always	ADV
ijtc-777	95	26	emerge	emerge	VERB
ijtc-777	95	27	over	over	ADP
ijtc-777	95	28	time	time	NOUN
ijtc-777	95	29	in	in	ADP
ijtc-777	95	30	the	the	DET
ijtc-777	95	31	long	long	ADJ
ijtc-777	95	32	history	history	NOUN
ijtc-777	95	33	of	of	ADP
ijtc-777	95	34	the	the	DET
ijtc-777	95	35	company	company	NOUN
ijtc-777	95	36	(	(	PUNCT
ijtc-777	95	37	gupta	gupta	PROPN
ijtc-777	95	38	&	&	CCONJ
ijtc-777	95	39	newberry	newberry	PROPN
ijtc-777	95	40	,	,	PUNCT
ijtc-777	95	41	1997	1997	NUM
ijtc-777	95	42	)	)	PUNCT
ijtc-777	95	43	.	.	PUNCT
ijtc-777	96	1	the	the	DET
ijtc-777	96	2	conclusion	conclusion	NOUN
ijtc-777	96	3	drawn	draw	VERB
ijtc-777	96	4	from	from	ADP
ijtc-777	96	5	the	the	DET
ijtc-777	96	6	results	result	NOUN
ijtc-777	96	7	is	be	AUX
ijtc-777	96	8	that	that	SCONJ
ijtc-777	96	9	there	there	PRON
ijtc-777	96	10	is	be	VERB
ijtc-777	96	11	a	a	DET
ijtc-777	96	12	relationship	relationship	NOUN
ijtc-777	96	13	between	between	ADP
ijtc-777	96	14	the	the	DET
ijtc-777	96	15	size	size	NOUN
ijtc-777	96	16	of	of	ADP
ijtc-777	96	17	the	the	DET
ijtc-777	96	18	company	company	NOUN
ijtc-777	96	19	and	and	CCONJ
ijtc-777	96	20	the	the	DET
ijtc-777	96	21	effective	effective	ADJ
ijtc-777	96	22	rate	rate	NOUN
ijtc-777	96	23	of	of	ADP
ijtc-777	96	24	corporate	corporate	ADJ
ijtc-777	96	25	tax	tax	NOUN
ijtc-777	96	26	.	.	PUNCT
ijtc-777	97	1	furthermore	furthermore	ADV
ijtc-777	97	2	,	,	PUNCT
ijtc-777	97	3	according	accord	VERB
ijtc-777	97	4	to	to	ADP
ijtc-777	97	5	sujoko	sujoko	PROPN
ijtc-777	97	6	&	&	CCONJ
ijtc-777	97	7	soebiantoro	soebiantoro	PROPN
ijtc-777	97	8	(	(	PUNCT
ijtc-777	97	9	2007	2007	NUM
ijtc-777	97	10	)	)	PUNCT
ijtc-777	97	11	,	,	PUNCT
ijtc-777	97	12	the	the	DET
ijtc-777	97	13	value	value	NOUN
ijtc-777	97	14	of	of	ADP
ijtc-777	97	15	the	the	DET
ijtc-777	97	16	company	company	NOUN
ijtc-777	97	17	is	be	AUX
ijtc-777	97	18	influenced	influence	VERB
ijtc-777	97	19	by	by	ADP
ijtc-777	97	20	the	the	DET
ijtc-777	97	21	size	size	NOUN
ijtc-777	97	22	of	of	ADP
ijtc-777	97	23	the	the	DET
ijtc-777	97	24	company	company	NOUN
ijtc-777	97	25	.	.	PUNCT
ijtc-777	98	1	companies	company	NOUN
ijtc-777	98	2	will	will	AUX
ijtc-777	98	3	find	find	VERB
ijtc-777	98	4	it	it	PRON
ijtc-777	98	5	easy	easy	ADJ
ijtc-777	98	6	to	to	PART
ijtc-777	98	7	obtain	obtain	VERB
ijtc-777	98	8	funding	funding	NOUN
ijtc-777	98	9	sources	source	NOUN
ijtc-777	98	10	both	both	CCONJ
ijtc-777	98	11	from	from	ADP
ijtc-777	98	12	internal	internal	ADJ
ijtc-777	98	13	and	and	CCONJ
ijtc-777	98	14	external	external	ADJ
ijtc-777	98	15	in	in	ADP
ijtc-777	98	16	line	line	NOUN
ijtc-777	98	17	with	with	ADP
ijtc-777	98	18	its	its	PRON
ijtc-777	98	19	size	size	NOUN
ijtc-777	98	20	.	.	PUNCT
ijtc-777	99	1	large	large	ADJ
ijtc-777	99	2	-	-	PUNCT
ijtc-777	99	3	scale	scale	NOUN
ijtc-777	99	4	companies	company	NOUN
ijtc-777	99	5	also	also	ADV
ijtc-777	99	6	benefit	benefit	VERB
ijtc-777	99	7	from	from	ADP
ijtc-777	99	8	scaled	scale	VERB
ijtc-777	99	9	economy	economy	NOUN
ijtc-777	99	10	.	.	PUNCT
ijtc-777	100	1	hence	hence	ADV
ijtc-777	100	2	,	,	PUNCT
ijtc-777	100	3	the	the	DET
ijtc-777	100	4	following	follow	VERB
ijtc-777	100	5	hypotheses	hypothesis	NOUN
ijtc-777	100	6	is	be	AUX
ijtc-777	100	7	:	:	PUNCT
ijtc-777	100	8	h3	h3	NOUN
ijtc-777	100	9	:	:	PUNCT
ijtc-777	100	10	firm	firm	ADJ
ijtc-777	100	11	size	size	NOUN
ijtc-777	100	12	affects	affect	VERB
ijtc-777	100	13	the	the	DET
ijtc-777	100	14	relationship	relationship	NOUN
ijtc-777	100	15	between	between	ADP
ijtc-777	100	16	tax	tax	NOUN
ijtc-777	100	17	aggressiveness	aggressiveness	NOUN
ijtc-777	100	18	and	and	CCONJ
ijtc-777	100	19	company	company	NOUN
ijtc-777	100	20	value	value	NOUN
ijtc-777	100	21	of	of	ADP
ijtc-777	100	22	public	public	ADJ
ijtc-777	100	23	companies	company	NOUN
ijtc-777	100	24	in	in	ADP
ijtc-777	100	25	indonesia	indonesia	PROPN
ijtc-777	100	26	.	.	PUNCT
ijtc-777	101	1	from	from	ADP
ijtc-777	101	2	the	the	DET
ijtc-777	101	3	hypothesis	hypothesis	NOUN
ijtc-777	101	4	made	make	VERB
ijtc-777	101	5	,	,	PUNCT
ijtc-777	101	6	this	this	PRON
ijtc-777	101	7	is	be	AUX
ijtc-777	101	8	the	the	DET
ijtc-777	101	9	model	model	NOUN
ijtc-777	101	10	of	of	ADP
ijtc-777	101	11	the	the	DET
ijtc-777	101	12	research	research	NOUN
ijtc-777	101	13	framework	framework	NOUN
ijtc-777	101	14	:	:	PUNCT
ijtc-777	101	15	figure	figure	NOUN
ijtc-777	101	16	1	1	NUM
ijtc-777	101	17	.	.	PUNCT
ijtc-777	101	18	research	research	NOUN
ijtc-777	101	19	framework	framework	NOUN
ijtc-777	101	20	source	source	NOUN
ijtc-777	101	21	:	:	PUNCT
ijtc-777	101	22	data	datum	NOUN
ijtc-777	101	23	proceed	proceed	VERB
ijtc-777	101	24	methods	method	NOUN
ijtc-777	101	25	in	in	ADP
ijtc-777	101	26	this	this	DET
ijtc-777	101	27	study	study	NOUN
ijtc-777	101	28	,	,	PUNCT
ijtc-777	101	29	tobin	tobin	PROPN
ijtc-777	101	30	's	's	PART
ijtc-777	101	31	q	q	NOUN
ijtc-777	101	32	ratio	ratio	NOUN
ijtc-777	101	33	is	be	AUX
ijtc-777	101	34	a	a	DET
ijtc-777	101	35	proxy	proxy	NOUN
ijtc-777	101	36	used	use	VERB
ijtc-777	101	37	to	to	PART
ijtc-777	101	38	measure	measure	VERB
ijtc-777	101	39	company	company	NOUN
ijtc-777	101	40	value	value	NOUN
ijtc-777	101	41	,	,	PUNCT
ijtc-777	101	42	as	as	SCONJ
ijtc-777	101	43	implemented	implement	VERB
ijtc-777	101	44	by	by	ADP
ijtc-777	101	45	desai	desai	PROPN
ijtc-777	101	46	&	&	CCONJ
ijtc-777	101	47	dharmapala	dharmapala	PROPN
ijtc-777	101	48	(	(	PUNCT
ijtc-777	101	49	2009	2009	NUM
ijtc-777	101	50	)	)	PUNCT
ijtc-777	101	51	.	.	PUNCT
ijtc-777	102	1	tobin	tobin	PROPN
ijtc-777	102	2	's	's	PART
ijtc-777	102	3	q	q	NOUN
ijtc-777	102	4	is	be	AUX
ijtc-777	102	5	one	one	NUM
ijtc-777	102	6	of	of	ADP
ijtc-777	102	7	the	the	DET
ijtc-777	102	8	measurements	measurement	NOUN
ijtc-777	102	9	tested	test	VERB
ijtc-777	102	10	in	in	ADP
ijtc-777	102	11	various	various	ADJ
ijtc-777	102	12	top	top	ADJ
ijtc-777	102	13	management	management	NOUN
ijtc-777	102	14	situations	situation	NOUN
ijtc-777	102	15	that	that	PRON
ijtc-777	102	16	is	be	AUX
ijtc-777	102	17	a	a	DET
ijtc-777	102	18	variable	variable	ADJ
ijtc-777	102	19	measure	measure	NOUN
ijtc-777	102	20	of	of	ADP
ijtc-777	102	21	company	company	NOUN
ijtc-777	102	22	performance	performance	NOUN
ijtc-777	102	23	from	from	ADP
ijtc-777	102	24	an	an	DET
ijtc-777	102	25	investment	investment	NOUN
ijtc-777	102	26	perspective	perspective	NOUN
ijtc-777	102	27	(	(	PUNCT
ijtc-777	102	28	liang	liang	PROPN
ijtc-777	102	29	&	&	CCONJ
ijtc-777	102	30	ye	ye	PROPN
ijtc-777	102	31	,	,	PUNCT
ijtc-777	102	32	2021	2021	NUM
ijtc-777	102	33	;	;	PUNCT
ijtc-777	102	34	sun	sun	PROPN
ijtc-777	102	35	et	et	PROPN
ijtc-777	102	36	al	al	PROPN
ijtc-777	102	37	.	.	PROPN
ijtc-777	102	38	,	,	PUNCT
ijtc-777	102	39	2014	2014	NUM
ijtc-777	102	40	)	)	PUNCT
ijtc-777	102	41	.	.	PUNCT
ijtc-777	103	1	because	because	SCONJ
ijtc-777	103	2	the	the	DET
ijtc-777	103	3	impact	impact	NOUN
ijtc-777	103	4	of	of	ADP
ijtc-777	103	5	tax	tax	NOUN
ijtc-777	103	6	aggressiveness	aggressiveness	NOUN
ijtc-777	103	7	on	on	ADP
ijtc-777	103	8	the	the	DET
ijtc-777	103	9	value	value	NOUN
ijtc-777	103	10	of	of	ADP
ijtc-777	103	11	new	new	ADJ
ijtc-777	103	12	companies	company	NOUN
ijtc-777	103	13	can	can	AUX
ijtc-777	103	14	be	be	AUX
ijtc-777	103	15	seen	see	VERB
ijtc-777	103	16	in	in	ADP
ijtc-777	103	17	the	the	DET
ijtc-777	103	18	next	next	ADJ
ijtc-777	103	19	period	period	NOUN
ijtc-777	103	20	,	,	PUNCT
ijtc-777	103	21	this	this	DET
ijtc-777	103	22	study	study	NOUN
ijtc-777	103	23	follows	follow	VERB
ijtc-777	103	24	the	the	DET
ijtc-777	103	25	provisions	provision	NOUN
ijtc-777	103	26	of	of	ADP
ijtc-777	103	27	a	a	DET
ijtc-777	103	28	study	study	NOUN
ijtc-777	103	29	conducted	conduct	VERB
ijtc-777	103	30	by	by	ADP
ijtc-777	103	31	(	(	PUNCT
ijtc-777	103	32	chen	chen	PROPN
ijtc-777	103	33	et	et	PROPN
ijtc-777	103	34	al	al	PROPN
ijtc-777	103	35	.	.	PROPN
ijtc-777	103	36	,	,	PUNCT
ijtc-777	103	37	2014	2014	NUM
ijtc-777	103	38	)	)	PUNCT
ijtc-777	103	39	where	where	SCONJ
ijtc-777	103	40	the	the	DET
ijtc-777	103	41	period	period	NOUN
ijtc-777	103	42	used	use	VERB
ijtc-777	103	43	is	be	AUX
ijtc-777	103	44	t	t	NOUN
ijtc-777	103	45	=	=	PUNCT
ijtc-777	103	46	t	t	PROPN
ijtc-777	103	47	+	+	NOUN
ijtc-777	103	48	1	1	X
ijtc-777	103	49	.	.	X
ijtc-777	104	1	for	for	ADP
ijtc-777	104	2	the	the	DET
ijtc-777	104	3	measurement	measurement	NOUN
ijtc-777	104	4	of	of	ADP
ijtc-777	104	5	tax	tax	NOUN
ijtc-777	104	6	aggressiveness	aggressiveness	NOUN
ijtc-777	104	7	,	,	PUNCT
ijtc-777	104	8	researchers	researcher	NOUN
ijtc-777	104	9	use	use	VERB
ijtc-777	104	10	measurement	measurement	NOUN
ijtc-777	104	11	through	through	ADP
ijtc-777	104	12	etr	etr	PROPN
ijtc-777	104	13	.	.	PUNCT
ijtc-777	105	1	which	which	PRON
ijtc-777	105	2	become	become	VERB
ijtc-777	105	3	the	the	DET
ijtc-777	105	4	majority	majority	NOUN
ijtc-777	105	5	of	of	ADP
ijtc-777	105	6	tax	tax	NOUN
ijtc-777	105	7	agresiveness	agresiveness	NOUN
ijtc-777	105	8	firm	firm	NOUN
ijtc-777	105	9	value	value	NOUN
ijtc-777	105	10	leverage	leverage	NOUN
ijtc-777	105	11	size	size	NOUN
ijtc-777	105	12	profitability	profitability	NOUN
ijtc-777	105	13	(	(	PUNCT
ijtc-777	105	14	roa	roa	NOUN
ijtc-777	105	15	)	)	PUNCT
ijtc-777	105	16	tax	tax	NOUN
ijtc-777	105	17	rate	rate	NOUN
ijtc-777	105	18	reduction	reduction	NOUN
ijtc-777	105	19	firm	firm	NOUN
ijtc-777	105	20	size	size	NOUN
ijtc-777	105	21	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-777	105	22	the	the	DET
ijtc-777	105	23	moderation	moderation	NOUN
ijtc-777	105	24	role	role	NOUN
ijtc-777	105	25	of	of	ADP
ijtc-777	105	26	tax	tax	NOUN
ijtc-777	105	27	rate	rate	NOUN
ijtc-777	105	28	reduction	reduction	NOUN
ijtc-777	105	29	and	and	CCONJ
ijtc-777	105	30	state	state	NOUN
ijtc-777	105	31	ownership	ownership	NOUN
ijtc-777	105	32	status	status	NOUN
ijtc-777	105	33	in	in	ADP
ijtc-777	105	34	the	the	DET
ijtc-777	105	35	effect	effect	NOUN
ijtc-777	105	36	of	of	ADP
ijtc-777	105	37	tax	tax	NOUN
ijtc-777	105	38	aggresiveness	aggresiveness	NOUN
ijtc-777	105	39	on	on	ADP
ijtc-777	105	40	company	company	NOUN
ijtc-777	105	41	value	value	NOUN
ijtc-777	105	42	ardhi	ardhi	NOUN
ijtc-777	105	43	and	and	CCONJ
ijtc-777	105	44	lubis	lubi	VERB
ijtc-777	105	45	457	457	NUM
ijtc-777	105	46	|	|	ADV
ijtc-777	105	47	ilomata	ilomata	PROPN
ijtc-777	105	48	international	international	ADJ
ijtc-777	105	49	journal	journal	NOUN
ijtc-777	105	50	of	of	ADP
ijtc-777	105	51	tax	tax	PROPN
ijtc-777	105	52	&	&	CCONJ
ijtc-777	105	53	accounting	accounting	PROPN
ijtc-777	105	54	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-777	105	55	previous	previous	ADJ
ijtc-777	105	56	researches	research	NOUN
ijtc-777	105	57	conducted	conduct	VERB
ijtc-777	105	58	by	by	ADP
ijtc-777	105	59	gupta	gupta	PROPN
ijtc-777	105	60	&	&	CCONJ
ijtc-777	105	61	newberry	newberry	PROPN
ijtc-777	105	62	(	(	PUNCT
ijtc-777	105	63	1997	1997	NUM
ijtc-777	105	64	)	)	PUNCT
ijtc-777	106	1	;	;	PUNCT
ijtc-777	106	2	rego	rego	NOUN
ijtc-777	106	3	(	(	PUNCT
ijtc-777	106	4	2003	2003	NUM
ijtc-777	106	5	)	)	PUNCT
ijtc-777	106	6	;	;	PUNCT
ijtc-777	106	7	graham	graham	PROPN
ijtc-777	106	8	&	&	CCONJ
ijtc-777	106	9	tucker	tucker	PROPN
ijtc-777	106	10	(	(	PUNCT
ijtc-777	106	11	2006	2006	NUM
ijtc-777	106	12	)	)	PUNCT
ijtc-777	106	13	;	;	PUNCT
ijtc-777	106	14	dyreng	dyreng	PROPN
ijtc-777	106	15	et	et	PROPN
ijtc-777	106	16	al	al	PROPN
ijtc-777	106	17	.	.	PROPN
ijtc-777	106	18	(	(	PUNCT
ijtc-777	106	19	2008	2008	NUM
ijtc-777	106	20	)	)	PUNCT
ijtc-777	106	21	;	;	PUNCT
ijtc-777	106	22	huseynov	huseynov	PROPN
ijtc-777	106	23	&	&	CCONJ
ijtc-777	106	24	klamm	klamm	PROPN
ijtc-777	106	25	(	(	PUNCT
ijtc-777	106	26	2012	2012	NUM
ijtc-777	106	27	)	)	PUNCT
ijtc-777	106	28	;	;	PUNCT
ijtc-777	106	29	and	and	CCONJ
ijtc-777	106	30	richardson	richardson	PROPN
ijtc-777	106	31	&	&	CCONJ
ijtc-777	106	32	taylor	taylor	PROPN
ijtc-777	106	33	(	(	PUNCT
ijtc-777	106	34	2012	2012	NUM
ijtc-777	106	35	)	)	PUNCT
ijtc-777	106	36	by	by	ADP
ijtc-777	106	37	dividing	divide	VERB
ijtc-777	106	38	the	the	DET
ijtc-777	106	39	total	total	ADJ
ijtc-777	106	40	tax	tax	NOUN
ijtc-777	106	41	burden	burden	NOUN
ijtc-777	106	42	by	by	ADP
ijtc-777	106	43	accounting	account	VERB
ijtc-777	106	44	pretax	pretax	ADJ
ijtc-777	106	45	income	income	NOUN
ijtc-777	106	46	(	(	PUNCT
ijtc-777	106	47	ghozali	ghozali	ADJ
ijtc-777	106	48	,	,	PUNCT
ijtc-777	106	49	2018	2018	NUM
ijtc-777	106	50	)	)	PUNCT
ijtc-777	106	51	.	.	PUNCT
ijtc-777	107	1	this	this	DET
ijtc-777	107	2	quantitative	quantitative	ADJ
ijtc-777	107	3	research	research	NOUN
ijtc-777	107	4	employs	employ	VERB
ijtc-777	107	5	secondary	secondary	ADJ
ijtc-777	107	6	data	datum	NOUN
ijtc-777	107	7	acquired	acquire	VERB
ijtc-777	107	8	from	from	ADP
ijtc-777	107	9	a	a	DET
ijtc-777	107	10	variety	variety	NOUN
ijtc-777	107	11	of	of	ADP
ijtc-777	107	12	sources	source	NOUN
ijtc-777	107	13	.	.	PUNCT
ijtc-777	108	1	(	(	PUNCT
ijtc-777	108	2	sugiyono	sugiyono	NOUN
ijtc-777	108	3	,	,	PUNCT
ijtc-777	108	4	2017	2017	NUM
ijtc-777	108	5	)	)	PUNCT
ijtc-777	108	6	mentioned	mention	VERB
ijtc-777	108	7	the	the	DET
ijtc-777	108	8	use	use	NOUN
ijtc-777	108	9	of	of	ADP
ijtc-777	108	10	purposive	purposive	ADJ
ijtc-777	108	11	sampling	sampling	NOUN
ijtc-777	108	12	techniques	technique	NOUN
ijtc-777	108	13	in	in	ADP
ijtc-777	108	14	his	his	PRON
ijtc-777	108	15	research	research	NOUN
ijtc-777	108	16	sample	sample	NOUN
ijtc-777	108	17	through	through	ADP
ijtc-777	108	18	the	the	DET
ijtc-777	108	19	selection	selection	NOUN
ijtc-777	108	20	of	of	ADP
ijtc-777	108	21	public	public	ADJ
ijtc-777	108	22	companies	company	NOUN
ijtc-777	108	23	listed	list	VERB
ijtc-777	108	24	on	on	ADP
ijtc-777	108	25	the	the	DET
ijtc-777	108	26	indonesia	indonesia	PROPN
ijtc-777	108	27	stock	stock	PROPN
ijtc-777	108	28	exchange	exchange	PROPN
ijtc-777	108	29	(	(	PUNCT
ijtc-777	108	30	idx	idx	PROPN
ijtc-777	108	31	)	)	PUNCT
ijtc-777	108	32	from	from	ADP
ijtc-777	108	33	2017	2017	NUM
ijtc-777	108	34	to	to	ADP
ijtc-777	108	35	2021	2021	NUM
ijtc-777	108	36	.	.	PUNCT
ijtc-777	109	1	it	it	PRON
ijtc-777	109	2	is	be	AUX
ijtc-777	109	3	such	such	ADJ
ijtc-777	109	4	conducted	conduct	VERB
ijtc-777	109	5	to	to	PART
ijtc-777	109	6	see	see	VERB
ijtc-777	109	7	the	the	DET
ijtc-777	109	8	differences	difference	NOUN
ijtc-777	109	9	due	due	ADP
ijtc-777	109	10	to	to	ADP
ijtc-777	109	11	tariff	tariff	NOUN
ijtc-777	109	12	reductions	reduction	NOUN
ijtc-777	109	13	in	in	ADP
ijtc-777	109	14	2020	2020	NUM
ijtc-777	109	15	.	.	PUNCT
ijtc-777	110	1	the	the	DET
ijtc-777	110	2	final	final	ADJ
ijtc-777	110	3	size	size	NOUN
ijtc-777	110	4	of	of	ADP
ijtc-777	110	5	the	the	DET
ijtc-777	110	6	research	research	NOUN
ijtc-777	110	7	sample	sample	NOUN
ijtc-777	110	8	was	be	AUX
ijtc-777	110	9	302	302	NUM
ijtc-777	110	10	companies	company	NOUN
ijtc-777	110	11	with	with	ADP
ijtc-777	110	12	1,118	1,118	NUM
ijtc-777	110	13	observation	observation	NOUN
ijtc-777	110	14	points	point	NOUN
ijtc-777	110	15	due	due	ADP
ijtc-777	110	16	to	to	ADP
ijtc-777	110	17	the	the	DET
ijtc-777	110	18	application	application	NOUN
ijtc-777	110	19	of	of	ADP
ijtc-777	110	20	several	several	ADJ
ijtc-777	110	21	relevant	relevant	ADJ
ijtc-777	110	22	criteria	criterion	NOUN
ijtc-777	110	23	from	from	ADP
ijtc-777	110	24	a	a	DET
ijtc-777	110	25	total	total	NOUN
ijtc-777	110	26	of	of	ADP
ijtc-777	110	27	848	848	NUM
ijtc-777	110	28	companies	company	NOUN
ijtc-777	110	29	and	and	CCONJ
ijtc-777	110	30	4240	4240	NUM
ijtc-777	110	31	years	year	NOUN
ijtc-777	110	32	of	of	ADP
ijtc-777	110	33	observation	observation	NOUN
ijtc-777	110	34	.	.	PUNCT
ijtc-777	111	1	this	this	DET
ijtc-777	111	2	final	final	ADJ
ijtc-777	111	3	sample	sample	NOUN
ijtc-777	111	4	size	size	NOUN
ijtc-777	111	5	represents	represent	VERB
ijtc-777	111	6	26.4	26.4	NUM
ijtc-777	111	7	%	%	NOUN
ijtc-777	111	8	of	of	ADP
ijtc-777	111	9	the	the	DET
ijtc-777	111	10	total	total	ADJ
ijtc-777	111	11	public	public	ADJ
ijtc-777	111	12	company	company	NOUN
ijtc-777	111	13	data	datum	NOUN
ijtc-777	111	14	on	on	ADP
ijtc-777	111	15	the	the	DET
ijtc-777	111	16	indonesia	indonesia	PROPN
ijtc-777	111	17	stock	stock	PROPN
ijtc-777	111	18	exchange	exchange	PROPN
ijtc-777	111	19	as	as	SCONJ
ijtc-777	111	20	shown	show	VERB
ijtc-777	111	21	in	in	ADP
ijtc-777	111	22	table	table	NOUN
ijtc-777	111	23	below	below	ADV
ijtc-777	111	24	.	.	PUNCT
ijtc-777	112	1	table	table	NOUN
ijtc-777	112	2	1	1	NUM
ijtc-777	112	3	.	.	PUNCT
ijtc-777	112	4	final	final	ADJ
ijtc-777	112	5	sample	sample	NOUN
ijtc-777	112	6	selection	selection	NOUN
ijtc-777	112	7	source	source	NOUN
ijtc-777	112	8	:	:	PUNCT
ijtc-777	112	9	data	datum	NOUN
ijtc-777	112	10	processing	process	VERB
ijtc-777	112	11	this	this	DET
ijtc-777	112	12	study	study	NOUN
ijtc-777	112	13	used	use	VERB
ijtc-777	112	14	panel	panel	NOUN
ijtc-777	112	15	data	datum	NOUN
ijtc-777	112	16	regression	regression	NOUN
ijtc-777	112	17	analysis	analysis	NOUN
ijtc-777	112	18	techniques	technique	NOUN
ijtc-777	112	19	with	with	ADP
ijtc-777	112	20	eviews	eviews	PROPN
ijtc-777	112	21	12	12	NUM
ijtc-777	112	22	econometric	econometric	ADJ
ijtc-777	112	23	software	software	NOUN
ijtc-777	112	24	.	.	PUNCT
ijtc-777	113	1	the	the	DET
ijtc-777	113	2	data	data	NOUN
ijtc-777	113	3	analysis	analysis	NOUN
ijtc-777	113	4	of	of	ADP
ijtc-777	113	5	this	this	DET
ijtc-777	113	6	study	study	NOUN
ijtc-777	113	7	includes	include	VERB
ijtc-777	113	8	descriptive	descriptive	ADJ
ijtc-777	113	9	statistical	statistical	ADJ
ijtc-777	113	10	tests	test	NOUN
ijtc-777	113	11	(	(	PUNCT
ijtc-777	113	12	mean	mean	ADJ
ijtc-777	113	13	,	,	PUNCT
ijtc-777	113	14	median	median	ADJ
ijtc-777	113	15	,	,	PUNCT
ijtc-777	113	16	maximum	maximum	ADJ
ijtc-777	113	17	,	,	PUNCT
ijtc-777	113	18	minimum	minimum	ADJ
ijtc-777	113	19	,	,	PUNCT
ijtc-777	113	20	and	and	CCONJ
ijtc-777	113	21	standard	standard	ADJ
ijtc-777	113	22	deviation	deviation	NOUN
ijtc-777	113	23	)	)	PUNCT
ijtc-777	113	24	,	,	PUNCT
ijtc-777	113	25	analysis	analysis	NOUN
ijtc-777	113	26	and	and	CCONJ
ijtc-777	113	27	selection	selection	NOUN
ijtc-777	113	28	of	of	ADP
ijtc-777	113	29	regression	regression	NOUN
ijtc-777	113	30	panel	panel	NOUN
ijtc-777	113	31	data	datum	NOUN
ijtc-777	113	32	using	use	VERB
ijtc-777	113	33	chow	chow	PROPN
ijtc-777	113	34	and	and	CCONJ
ijtc-777	113	35	hausman	hausman	ADJ
ijtc-777	113	36	tests	test	NOUN
ijtc-777	113	37	.	.	PUNCT
ijtc-777	114	1	the	the	DET
ijtc-777	114	2	next	next	ADJ
ijtc-777	114	3	step	step	NOUN
ijtc-777	114	4	is	be	AUX
ijtc-777	114	5	to	to	PART
ijtc-777	114	6	carry	carry	VERB
ijtc-777	114	7	out	out	ADP
ijtc-777	114	8	classical	classical	ADJ
ijtc-777	114	9	assumption	assumption	NOUN
ijtc-777	114	10	tests	test	NOUN
ijtc-777	114	11	,	,	PUNCT
ijtc-777	114	12	which	which	PRON
ijtc-777	114	13	include	include	VERB
ijtc-777	114	14	multicollinearity	multicollinearity	NOUN
ijtc-777	114	15	tests	test	NOUN
ijtc-777	114	16	and	and	CCONJ
ijtc-777	114	17	heteroscedasticity	heteroscedasticity	NOUN
ijtc-777	114	18	tests	test	NOUN
ijtc-777	114	19	,	,	PUNCT
ijtc-777	114	20	followed	follow	VERB
ijtc-777	114	21	by	by	ADP
ijtc-777	114	22	hypothesis	hypothesis	NOUN
ijtc-777	114	23	testing	testing	NOUN
ijtc-777	114	24	comprising	comprise	VERB
ijtc-777	114	25	simultaneous	simultaneous	ADJ
ijtc-777	114	26	significance	significance	NOUN
ijtc-777	114	27	tests	test	NOUN
ijtc-777	114	28	(	(	PUNCT
ijtc-777	114	29	f	f	NOUN
ijtc-777	114	30	test	test	NOUN
ijtc-777	114	31	)	)	PUNCT
ijtc-777	114	32	,	,	PUNCT
ijtc-777	114	33	partial	partial	ADJ
ijtc-777	114	34	significance	significance	NOUN
ijtc-777	114	35	tests	test	NOUN
ijtc-777	114	36	(	(	PUNCT
ijtc-777	114	37	t	t	NOUN
ijtc-777	114	38	tests	test	NOUN
ijtc-777	114	39	)	)	PUNCT
ijtc-777	114	40	,	,	PUNCT
ijtc-777	114	41	and	and	CCONJ
ijtc-777	114	42	coefficients	coefficient	NOUN
ijtc-777	114	43	of	of	ADP
ijtc-777	114	44	determination	determination	NOUN
ijtc-777	114	45	(	(	PUNCT
ijtc-777	114	46	adjusted	adjust	VERB
ijtc-777	114	47	r	r	NOUN
ijtc-777	114	48	-	-	PUNCT
ijtc-777	114	49	squared	square	VERB
ijtc-777	114	50	)	)	PUNCT
ijtc-777	114	51	at	at	ADP
ijtc-777	114	52	the	the	DET
ijtc-777	114	53	level	level	NOUN
ijtc-777	114	54	significance	significance	NOUN
ijtc-777	114	55	0.01	0.01	NUM
ijtc-777	114	56	(	(	PUNCT
ijtc-777	114	57	1	1	NUM
ijtc-777	114	58	%	%	NOUN
ijtc-777	114	59	)	)	PUNCT
ijtc-777	114	60	,	,	PUNCT
ijtc-777	114	61	0.05	0.05	NUM
ijtc-777	114	62	(	(	PUNCT
ijtc-777	114	63	5	5	NUM
ijtc-777	114	64	%	%	NOUN
ijtc-777	114	65	)	)	PUNCT
ijtc-777	114	66	and	and	CCONJ
ijtc-777	114	67	0.1	0.1	NUM
ijtc-777	114	68	(	(	PUNCT
ijtc-777	114	69	10	10	NUM
ijtc-777	114	70	%	%	NOUN
ijtc-777	114	71	)	)	PUNCT
ijtc-777	114	72	.	.	PUNCT
ijtc-777	115	1	number	number	NOUN
ijtc-777	115	2	of	of	ADP
ijtc-777	115	3	companies	company	NOUN
ijtc-777	115	4	year	year	NOUN
ijtc-777	115	5	of	of	ADP
ijtc-777	115	6	observation	observation	NOUN
ijtc-777	115	7	number	number	NOUN
ijtc-777	115	8	of	of	ADP
ijtc-777	115	9	companies	company	NOUN
ijtc-777	115	10	year	year	NOUN
ijtc-777	115	11	of	of	ADP
ijtc-777	115	12	observation	observation	NOUN
ijtc-777	115	13	number	number	NOUN
ijtc-777	115	14	of	of	ADP
ijtc-777	115	15	companies	company	NOUN
ijtc-777	115	16	year	year	NOUN
ijtc-777	115	17	of	of	ADP
ijtc-777	115	18	observation	observation	NOUN
ijtc-777	115	19	total	total	ADJ
ijtc-777	115	20	year	year	NOUN
ijtc-777	115	21	of	of	ADP
ijtc-777	115	22	observation	observation	NOUN
ijtc-777	115	23	initial	initial	ADJ
ijtc-777	115	24	sample	sample	NOUN
ijtc-777	115	25	364	364	NUM
ijtc-777	115	26	1820	1820	NUM
ijtc-777	115	27	453	453	NUM
ijtc-777	115	28	2265	2265	NUM
ijtc-777	115	29	31	31	NUM
ijtc-777	115	30	155	155	NUM
ijtc-777	115	31	848	848	NUM
ijtc-777	115	32	4240	4240	NUM
ijtc-777	115	33	100	100	NUM
ijtc-777	115	34	%	%	NOUN
ijtc-777	115	35	excluded	exclude	VERB
ijtc-777	115	36	industries	industry	NOUN
ijtc-777	115	37	finance	finance	NOUN
ijtc-777	115	38	and	and	CCONJ
ijtc-777	115	39	insurance	insurance	NOUN
ijtc-777	115	40	-55	-55	PROPN
ijtc-777	116	1	-275	-275	PROPN
ijtc-777	116	2	-51	-51	PUNCT
ijtc-777	116	3	-255	-255	PROPN
ijtc-777	116	4	0	0	NUM
ijtc-777	116	5	0	0	NUM
ijtc-777	116	6	-106	-106	PROPN
ijtc-777	117	1	-530	-530	PRON
ijtc-777	117	2	-12,5	-12,5	PUNCT
ijtc-777	117	3	%	%	NOUN
ijtc-777	117	4	energy	energy	NOUN
ijtc-777	117	5	and	and	CCONJ
ijtc-777	117	6	mining	mining	NOUN
ijtc-777	117	7	-45	-45	PUNCT
ijtc-777	117	8	-225	-225	PROPN
ijtc-777	117	9	-49	-49	PUNCT
ijtc-777	118	1	-245	-245	NOUN
ijtc-777	118	2	0	0	NUM
ijtc-777	118	3	0	0	NUM
ijtc-777	118	4	-94	-94	PUNCT
ijtc-777	118	5	-470	-470	PROPN
ijtc-777	118	6	-11,1	-11,1	NUM
ijtc-777	118	7	%	%	NOUN
ijtc-777	118	8	property	property	NOUN
ijtc-777	118	9	,	,	PUNCT
ijtc-777	118	10	construction	construction	NOUN
ijtc-777	118	11	and	and	CCONJ
ijtc-777	118	12	real	real	ADJ
ijtc-777	118	13	estate	estate	NOUN
ijtc-777	118	14	-49	-49	PUNCT
ijtc-777	119	1	-245	-245	PROPN
ijtc-777	119	2	-61	-61	SYM
ijtc-777	119	3	-305	-305	PROPN
ijtc-777	119	4	-3	-3	PUNCT
ijtc-777	119	5	-15	-15	PUNCT
ijtc-777	119	6	-113	-113	NUM
ijtc-777	119	7	-565	-565	NUM
ijtc-777	119	8	-13,3	-13,3	NUM
ijtc-777	119	9	%	%	NOUN
ijtc-777	119	10	cruise	cruise	NOUN
ijtc-777	119	11	and	and	CCONJ
ijtc-777	119	12	aviation	aviation	NOUN
ijtc-777	119	13	-3	-3	PUNCT
ijtc-777	119	14	-15	-15	PUNCT
ijtc-777	119	15	-3	-3	PUNCT
ijtc-777	119	16	-15	-15	SYM
ijtc-777	119	17	0	0	NUM
ijtc-777	119	18	0	0	NUM
ijtc-777	120	1	-6	-6	NUM
ijtc-777	120	2	-30	-30	NUM
ijtc-777	120	3	-0,7	-0,7	NUM
ijtc-777	120	4	%	%	NOUN
ijtc-777	120	5	companies	company	NOUN
ijtc-777	120	6	not	not	PART
ijtc-777	120	7	listed	list	VERB
ijtc-777	120	8	since	since	SCONJ
ijtc-777	120	9	the	the	DET
ijtc-777	120	10	initial	initial	ADJ
ijtc-777	120	11	period	period	NOUN
ijtc-777	120	12	of	of	ADP
ijtc-777	120	13	the	the	DET
ijtc-777	120	14	study	study	NOUN
ijtc-777	120	15	-55	-55	PROPN
ijtc-777	120	16	-275	-275	PROPN
ijtc-777	120	17	-71	-71	INTJ
ijtc-777	120	18	-355	-355	PROPN
ijtc-777	120	19	-28	-28	PROPN
ijtc-777	120	20	-140	-140	NUM
ijtc-777	120	21	-154	-154	PROPN
ijtc-777	120	22	-770	-770	PROPN
ijtc-777	120	23	-18,2	-18,2	PUNCT
ijtc-777	120	24	%	%	NOUN
ijtc-777	120	25	companies	company	NOUN
ijtc-777	120	26	that	that	PRON
ijtc-777	120	27	lost	lose	VERB
ijtc-777	120	28	money	money	NOUN
ijtc-777	120	29	during	during	ADP
ijtc-777	120	30	the	the	DET
ijtc-777	120	31	study	study	NOUN
ijtc-777	120	32	period	period	NOUN
ijtc-777	120	33	-11	-11	PUNCT
ijtc-777	120	34	-55	-55	PROPN
ijtc-777	120	35	-23	-23	PUNCT
ijtc-777	121	1	-115	-115	NOUN
ijtc-777	121	2	0	0	NUM
ijtc-777	121	3	0	0	NUM
ijtc-777	121	4	-34	-34	PUNCT
ijtc-777	122	1	-170	-170	NUM
ijtc-777	122	2	-4,0	-4,0	NUM
ijtc-777	122	3	%	%	NOUN
ijtc-777	122	4	missing	miss	VERB
ijtc-777	122	5	value	value	NOUN
ijtc-777	122	6	-2	-2	INTJ
ijtc-777	123	1	-115	-115	PROPN
ijtc-777	123	2	-37	-37	PUNCT
ijtc-777	124	1	-472	-472	PROPN
ijtc-777	124	2	0	0	NUM
ijtc-777	124	3	0	0	NUM
ijtc-777	125	1	-39	-39	NOUN
ijtc-777	126	1	-587	-587	PROPN
ijtc-777	126	2	-13,8	-13,8	PUNCT
ijtc-777	126	3	%	%	NOUN
ijtc-777	126	4	final	final	ADJ
ijtc-777	126	5	sample	sample	NOUN
ijtc-777	126	6	size	size	NOUN
ijtc-777	126	7	144	144	NUM
ijtc-777	126	8	615	615	NUM
ijtc-777	126	9	158	158	NUM
ijtc-777	126	10	503	503	NUM
ijtc-777	126	11	0	0	NUM
ijtc-777	126	12	0	0	NUM
ijtc-777	126	13	302	302	NUM
ijtc-777	126	14	1118	1118	NUM
ijtc-777	126	15	26,4	26,4	NUM
ijtc-777	126	16	%	%	NOUN
ijtc-777	126	17	description	description	NOUN
ijtc-777	126	18	main	main	PROPN
ijtc-777	126	19	board	board	PROPN
ijtc-777	126	20	development	development	PROPN
ijtc-777	126	21	board	board	PROPN
ijtc-777	126	22	acceleration	acceleration	PROPN
ijtc-777	126	23	board	board	PROPN
ijtc-777	126	24	total	total	ADJ
ijtc-777	126	25	%	%	NOUN
ijtc-777	126	26	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-777	126	27	the	the	DET
ijtc-777	126	28	moderation	moderation	NOUN
ijtc-777	126	29	role	role	NOUN
ijtc-777	126	30	of	of	ADP
ijtc-777	126	31	tax	tax	NOUN
ijtc-777	126	32	rate	rate	NOUN
ijtc-777	126	33	reduction	reduction	NOUN
ijtc-777	126	34	and	and	CCONJ
ijtc-777	126	35	state	state	NOUN
ijtc-777	126	36	ownership	ownership	NOUN
ijtc-777	126	37	status	status	NOUN
ijtc-777	126	38	in	in	ADP
ijtc-777	126	39	the	the	DET
ijtc-777	126	40	effect	effect	NOUN
ijtc-777	126	41	of	of	ADP
ijtc-777	126	42	tax	tax	NOUN
ijtc-777	126	43	aggresiveness	aggresiveness	NOUN
ijtc-777	126	44	on	on	ADP
ijtc-777	126	45	company	company	NOUN
ijtc-777	126	46	value	value	NOUN
ijtc-777	126	47	ardhi	ardhi	NOUN
ijtc-777	126	48	and	and	CCONJ
ijtc-777	126	49	lubis	lubi	VERB
ijtc-777	126	50	458	458	NUM
ijtc-777	126	51	|	|	ADV
ijtc-777	126	52	ilomata	ilomata	PROPN
ijtc-777	126	53	international	international	ADJ
ijtc-777	126	54	journal	journal	NOUN
ijtc-777	126	55	of	of	ADP
ijtc-777	126	56	tax	tax	PROPN
ijtc-777	126	57	&	&	CCONJ
ijtc-777	126	58	accounting	account	VERB
ijtc-777	126	59	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-777	126	60	results	result	NOUN
ijtc-777	126	61	and	and	CCONJ
ijtc-777	126	62	discussions	discussion	NOUN
ijtc-777	126	63	descriptive	descriptive	ADJ
ijtc-777	126	64	statistics	statistic	NOUN
ijtc-777	126	65	using	use	VERB
ijtc-777	126	66	the	the	DET
ijtc-777	126	67	minimum	minimum	ADJ
ijtc-777	126	68	value	value	NOUN
ijtc-777	126	69	,	,	PUNCT
ijtc-777	126	70	maximum	maximum	ADJ
ijtc-777	126	71	value	value	NOUN
ijtc-777	126	72	,	,	PUNCT
ijtc-777	126	73	average	average	ADJ
ijtc-777	126	74	(	(	PUNCT
ijtc-777	126	75	mean	mean	ADJ
ijtc-777	126	76	)	)	PUNCT
ijtc-777	126	77	,	,	PUNCT
ijtc-777	126	78	and	and	CCONJ
ijtc-777	126	79	standard	standard	ADJ
ijtc-777	126	80	deviation	deviation	NOUN
ijtc-777	126	81	for	for	ADP
ijtc-777	126	82	each	each	DET
ijtc-777	126	83	independent	independent	ADJ
ijtc-777	126	84	variable	variable	NOUN
ijtc-777	126	85	and	and	CCONJ
ijtc-777	126	86	the	the	DET
ijtc-777	126	87	dependent	dependent	ADJ
ijtc-777	126	88	variable	variable	NOUN
ijtc-777	126	89	,	,	PUNCT
ijtc-777	126	90	descriptive	descriptive	ADJ
ijtc-777	126	91	statistical	statistical	ADJ
ijtc-777	126	92	analysis	analysis	NOUN
ijtc-777	126	93	is	be	AUX
ijtc-777	126	94	utilized	utilize	VERB
ijtc-777	126	95	to	to	PART
ijtc-777	126	96	provide	provide	VERB
ijtc-777	126	97	an	an	DET
ijtc-777	126	98	overview	overview	NOUN
ijtc-777	126	99	of	of	ADP
ijtc-777	126	100	the	the	DET
ijtc-777	126	101	distribution	distribution	NOUN
ijtc-777	126	102	and	and	CCONJ
ijtc-777	126	103	behavior	behavior	NOUN
ijtc-777	126	104	of	of	ADP
ijtc-777	126	105	the	the	DET
ijtc-777	126	106	research	research	NOUN
ijtc-777	126	107	sample	sample	NOUN
ijtc-777	126	108	data	datum	NOUN
ijtc-777	126	109	.	.	PUNCT
ijtc-777	127	1	the	the	DET
ijtc-777	127	2	descriptive	descriptive	ADJ
ijtc-777	127	3	test	test	NOUN
ijtc-777	127	4	results	result	NOUN
ijtc-777	127	5	are	be	AUX
ijtc-777	127	6	shown	show	VERB
ijtc-777	127	7	in	in	ADP
ijtc-777	127	8	the	the	DET
ijtc-777	127	9	table	table	NOUN
ijtc-777	127	10	below	below	ADV
ijtc-777	127	11	:	:	PUNCT
ijtc-777	127	12	table	table	NOUN
ijtc-777	127	13	1	1	NUM
ijtc-777	127	14	.	.	PUNCT
ijtc-777	128	1	statistical	statistical	ADJ
ijtc-777	128	2	analysis	analysis	NOUN
ijtc-777	128	3	test	test	NOUN
ijtc-777	128	4	results	result	NOUN
ijtc-777	128	5	source	source	NOUN
ijtc-777	128	6	:	:	PUNCT
ijtc-777	128	7	data	datum	NOUN
ijtc-777	128	8	proceed	proceed	VERB
ijtc-777	128	9	the	the	DET
ijtc-777	128	10	observation	observation	NOUN
ijtc-777	128	11	period	period	NOUN
ijtc-777	128	12	after	after	SCONJ
ijtc-777	128	13	the	the	DET
ijtc-777	128	14	tax	tax	NOUN
ijtc-777	128	15	rate	rate	NOUN
ijtc-777	128	16	reduction	reduction	NOUN
ijtc-777	128	17	for	for	ADP
ijtc-777	128	18	2020	2020	NUM
ijtc-777	128	19	and	and	CCONJ
ijtc-777	128	20	2021	2021	NUM
ijtc-777	128	21	was	be	AUX
ijtc-777	128	22	37.3	37.3	NUM
ijtc-777	128	23	%	%	NOUN
ijtc-777	128	24	(	(	PUNCT
ijtc-777	128	25	417	417	NUM
ijtc-777	128	26	companies	company	NOUN
ijtc-777	128	27	)	)	PUNCT
ijtc-777	128	28	,	,	PUNCT
ijtc-777	128	29	whereas	whereas	SCONJ
ijtc-777	128	30	the	the	DET
ijtc-777	128	31	observation	observation	NOUN
ijtc-777	128	32	period	period	NOUN
ijtc-777	128	33	before	before	ADP
ijtc-777	128	34	the	the	DET
ijtc-777	128	35	tax	tax	NOUN
ijtc-777	128	36	rate	rate	NOUN
ijtc-777	128	37	reduction	reduction	NOUN
ijtc-777	128	38	for	for	ADP
ijtc-777	128	39	2017	2017	NUM
ijtc-777	128	40	to	to	PART
ijtc-777	128	41	2019	2019	NUM
ijtc-777	128	42	was	be	AUX
ijtc-777	128	43	62.7	62.7	NUM
ijtc-777	128	44	%	%	NOUN
ijtc-777	128	45	(	(	PUNCT
ijtc-777	128	46	701	701	NUM
ijtc-777	128	47	companies	company	NOUN
ijtc-777	128	48	)	)	PUNCT
ijtc-777	128	49	.	.	PUNCT
ijtc-777	129	1	from	from	ADP
ijtc-777	129	2	the	the	DET
ijtc-777	129	3	table	table	NOUN
ijtc-777	129	4	,	,	PUNCT
ijtc-777	129	5	it	it	PRON
ijtc-777	129	6	can	can	AUX
ijtc-777	129	7	be	be	AUX
ijtc-777	129	8	seen	see	VERB
ijtc-777	129	9	that	that	SCONJ
ijtc-777	129	10	companies	company	NOUN
ijtc-777	129	11	listed	list	VERB
ijtc-777	129	12	on	on	ADP
ijtc-777	129	13	the	the	DET
ijtc-777	129	14	stock	stock	NOUN
ijtc-777	129	15	exchange	exchange	NOUN
ijtc-777	129	16	during	during	ADP
ijtc-777	129	17	2017	2017	NUM
ijtc-777	129	18	to	to	ADP
ijtc-777	129	19	2021	2021	NUM
ijtc-777	129	20	have	have	AUX
ijtc-777	129	21	carried	carry	VERB
ijtc-777	129	22	out	out	ADP
ijtc-777	129	23	company	company	NOUN
ijtc-777	129	24	management	management	NOUN
ijtc-777	129	25	properly	properly	ADV
ijtc-777	129	26	,	,	PUNCT
ijtc-777	129	27	thus	thus	ADV
ijtc-777	129	28	,	,	PUNCT
ijtc-777	129	29	a	a	DET
ijtc-777	129	30	higher	high	ADJ
ijtc-777	129	31	company	company	NOUN
ijtc-777	129	32	market	market	NOUN
ijtc-777	129	33	value	value	NOUN
ijtc-777	129	34	is	be	AUX
ijtc-777	129	35	above	above	ADP
ijtc-777	129	36	their	their	PRON
ijtc-777	129	37	book	book	NOUN
ijtc-777	129	38	value	value	NOUN
ijtc-777	129	39	.	.	PUNCT
ijtc-777	130	1	the	the	DET
ijtc-777	130	2	maximum	maximum	ADJ
ijtc-777	130	3	value	value	NOUN
ijtc-777	130	4	in	in	ADP
ijtc-777	130	5	the	the	DET
ijtc-777	130	6	research	research	NOUN
ijtc-777	130	7	period	period	NOUN
ijtc-777	130	8	of	of	ADP
ijtc-777	130	9	4.8732	4.8732	NUM
ijtc-777	130	10	is	be	AUX
ijtc-777	130	11	issuers	issuer	NOUN
ijtc-777	130	12	engaged	engage	VERB
ijtc-777	130	13	in	in	ADP
ijtc-777	130	14	the	the	DET
ijtc-777	130	15	information	information	NOUN
ijtc-777	130	16	technology	technology	NOUN
ijtc-777	130	17	sector	sector	NOUN
ijtc-777	130	18	,	,	PUNCT
ijtc-777	130	19	and	and	CCONJ
ijtc-777	130	20	the	the	DET
ijtc-777	130	21	minimum	minimum	ADJ
ijtc-777	130	22	value	value	NOUN
ijtc-777	130	23	of	of	ADP
ijtc-777	130	24	0.1834	0.1834	NUM
ijtc-777	130	25	is	be	AUX
ijtc-777	130	26	issuers	issuer	NOUN
ijtc-777	130	27	involved	involve	VERB
ijtc-777	130	28	in	in	ADP
ijtc-777	130	29	the	the	DET
ijtc-777	130	30	automotive	automotive	ADJ
ijtc-777	130	31	sector	sector	NOUN
ijtc-777	130	32	.	.	PUNCT
ijtc-777	131	1	both	both	PRON
ijtc-777	131	2	are	be	AUX
ijtc-777	131	3	companies	company	NOUN
ijtc-777	131	4	listed	list	VERB
ijtc-777	131	5	on	on	ADP
ijtc-777	131	6	the	the	DET
ijtc-777	131	7	development	development	PROPN
ijtc-777	131	8	board	board	PROPN
ijtc-777	131	9	.	.	PUNCT
ijtc-777	132	1	companies	company	NOUN
ijtc-777	132	2	tend	tend	VERB
ijtc-777	132	3	to	to	PART
ijtc-777	132	4	make	make	VERB
ijtc-777	132	5	positive	positive	ADJ
ijtc-777	132	6	corrections	correction	NOUN
ijtc-777	132	7	,	,	PUNCT
ijtc-777	132	8	both	both	CCONJ
ijtc-777	132	9	temporary	temporary	ADJ
ijtc-777	132	10	and	and	CCONJ
ijtc-777	132	11	permanent	permanent	ADJ
ijtc-777	132	12	,	,	PUNCT
ijtc-777	132	13	from	from	ADP
ijtc-777	132	14	commercial	commercial	ADJ
ijtc-777	132	15	pre	pre	ADJ
ijtc-777	132	16	-	-	ADJ
ijtc-777	132	17	tax	tax	ADJ
ijtc-777	132	18	profits	profit	NOUN
ijtc-777	132	19	in	in	ADP
ijtc-777	132	20	accounting	account	VERB
ijtc-777	132	21	for	for	ADP
ijtc-777	132	22	taxable	taxable	ADJ
ijtc-777	132	23	profits	profit	NOUN
ijtc-777	132	24	,	,	PUNCT
ijtc-777	132	25	resulting	result	VERB
ijtc-777	132	26	in	in	ADP
ijtc-777	132	27	a	a	DET
ijtc-777	132	28	value	value	NOUN
ijtc-777	132	29	increase	increase	NOUN
ijtc-777	132	30	of	of	ADP
ijtc-777	132	31	corporate	corporate	ADJ
ijtc-777	132	32	tax	tax	NOUN
ijtc-777	132	33	seen	see	VERB
ijtc-777	132	34	at	at	ADP
ijtc-777	132	35	an	an	DET
ijtc-777	132	36	average	average	ADJ
ijtc-777	132	37	value	value	NOUN
ijtc-777	132	38	of	of	ADP
ijtc-777	132	39	29.85	29.85	NUM
ijtc-777	132	40	%	%	NOUN
ijtc-777	132	41	.	.	PUNCT
ijtc-777	133	1	the	the	DET
ijtc-777	133	2	maximum	maximum	ADJ
ijtc-777	133	3	value	value	NOUN
ijtc-777	133	4	in	in	ADP
ijtc-777	133	5	the	the	DET
ijtc-777	133	6	research	research	NOUN
ijtc-777	133	7	period	period	NOUN
ijtc-777	133	8	is	be	AUX
ijtc-777	133	9	0.8183	0.8183	NUM
ijtc-777	133	10	for	for	ADP
ijtc-777	133	11	fiscal	fiscal	ADJ
ijtc-777	133	12	year	year	NOUN
ijtc-777	133	13	of	of	ADP
ijtc-777	133	14	2020	2020	NUM
ijtc-777	133	15	which	which	PRON
ijtc-777	133	16	is	be	AUX
ijtc-777	133	17	the	the	DET
ijtc-777	133	18	main	main	ADJ
ijtc-777	133	19	board	board	NOUN
ijtc-777	133	20	issuer	issuer	NOUN
ijtc-777	133	21	engaged	engage	VERB
ijtc-777	133	22	in	in	ADP
ijtc-777	133	23	the	the	DET
ijtc-777	133	24	hospital	hospital	NOUN
ijtc-777	133	25	administration	administration	NOUN
ijtc-777	133	26	business	business	NOUN
ijtc-777	133	27	,	,	PUNCT
ijtc-777	133	28	and	and	CCONJ
ijtc-777	133	29	the	the	DET
ijtc-777	133	30	minimum	minimum	ADJ
ijtc-777	133	31	value	value	NOUN
ijtc-777	133	32	of	of	ADP
ijtc-777	133	33	0.010	0.010	NUM
ijtc-777	133	34	is	be	AUX
ijtc-777	133	35	the	the	DET
ijtc-777	133	36	development	development	PROPN
ijtc-777	133	37	board	board	PROPN
ijtc-777	133	38	issuer	issuer	PROPN
ijtc-777	133	39	engaged	engage	VERB
ijtc-777	133	40	in	in	ADP
ijtc-777	133	41	health	health	NOUN
ijtc-777	133	42	service	service	NOUN
ijtc-777	133	43	providers	provider	NOUN
ijtc-777	133	44	.	.	PUNCT
ijtc-777	134	1	the	the	DET
ijtc-777	134	2	average	average	ADJ
ijtc-777	134	3	use	use	NOUN
ijtc-777	134	4	of	of	ADP
ijtc-777	134	5	debt	debt	NOUN
ijtc-777	134	6	in	in	ADP
ijtc-777	134	7	the	the	DET
ijtc-777	134	8	sample	sample	NOUN
ijtc-777	134	9	of	of	ADP
ijtc-777	134	10	asset	asset	NOUN
ijtc-777	134	11	financing	financing	NOUN
ijtc-777	134	12	was	be	AUX
ijtc-777	134	13	0.2148	0.2148	NUM
ijtc-777	134	14	.	.	PUNCT
ijtc-777	135	1	the	the	DET
ijtc-777	135	2	main	main	ADJ
ijtc-777	135	3	board	board	NOUN
ijtc-777	135	4	issuers	issuer	NOUN
ijtc-777	135	5	in	in	ADP
ijtc-777	135	6	the	the	DET
ijtc-777	135	7	food	food	NOUN
ijtc-777	135	8	and	and	CCONJ
ijtc-777	135	9	beverage	beverage	NOUN
ijtc-777	135	10	industry	industry	NOUN
ijtc-777	135	11	are	be	AUX
ijtc-777	135	12	issuers	issuer	NOUN
ijtc-777	135	13	with	with	ADP
ijtc-777	135	14	the	the	DET
ijtc-777	135	15	maximum	maximum	ADJ
ijtc-777	135	16	value	value	NOUN
ijtc-777	135	17	obtained	obtain	VERB
ijtc-777	135	18	in	in	ADP
ijtc-777	135	19	the	the	DET
ijtc-777	135	20	research	research	NOUN
ijtc-777	135	21	period	period	NOUN
ijtc-777	135	22	of	of	ADP
ijtc-777	135	23	0.9454	0.9454	NUM
ijtc-777	135	24	.	.	PUNCT
ijtc-777	136	1	this	this	PRON
ijtc-777	136	2	shows	show	VERB
ijtc-777	136	3	that	that	SCONJ
ijtc-777	136	4	the	the	DET
ijtc-777	136	5	use	use	NOUN
ijtc-777	136	6	of	of	ADP
ijtc-777	136	7	debt	debt	NOUN
ijtc-777	136	8	for	for	ADP
ijtc-777	136	9	asset	asset	NOUN
ijtc-777	136	10	financing	financing	NOUN
ijtc-777	136	11	is	be	AUX
ijtc-777	136	12	considerably	considerably	ADV
ijtc-777	136	13	high	high	ADJ
ijtc-777	136	14	in	in	ADP
ijtc-777	136	15	indonesia	indonesia	PROPN
ijtc-777	136	16	-	-	PUNCT
ijtc-777	136	17	based	base	VERB
ijtc-777	136	18	public	public	ADJ
ijtc-777	136	19	companies	company	NOUN
ijtc-777	136	20	.	.	PUNCT
ijtc-777	137	1	the	the	DET
ijtc-777	137	2	average	average	ADJ
ijtc-777	137	3	profitability	profitability	NOUN
ijtc-777	137	4	value	value	NOUN
ijtc-777	137	5	based	base	VERB
ijtc-777	137	6	on	on	ADP
ijtc-777	137	7	the	the	DET
ijtc-777	137	8	observation	observation	NOUN
ijtc-777	137	9	of	of	ADP
ijtc-777	137	10	listed	list	VERB
ijtc-777	137	11	companies	company	NOUN
ijtc-777	137	12	is	be	AUX
ijtc-777	137	13	0.0580	0.0580	NUM
ijtc-777	137	14	.	.	PUNCT
ijtc-777	138	1	the	the	DET
ijtc-777	138	2	maximum	maximum	ADJ
ijtc-777	138	3	value	value	NOUN
ijtc-777	138	4	in	in	ADP
ijtc-777	138	5	the	the	DET
ijtc-777	138	6	research	research	NOUN
ijtc-777	138	7	period	period	NOUN
ijtc-777	138	8	of	of	ADP
ijtc-777	138	9	0.1967	0.1967	NUM
ijtc-777	138	10	is	be	AUX
ijtc-777	138	11	issuers	issuer	NOUN
ijtc-777	138	12	engaged	engage	VERB
ijtc-777	138	13	in	in	ADP
ijtc-777	138	14	the	the	DET
ijtc-777	138	15	pharmaceutical	pharmaceutical	ADJ
ijtc-777	138	16	industry	industry	NOUN
ijtc-777	138	17	,	,	PUNCT
ijtc-777	138	18	while	while	SCONJ
ijtc-777	138	19	the	the	DET
ijtc-777	138	20	minimum	minimum	ADJ
ijtc-777	138	21	value	value	NOUN
ijtc-777	138	22	of	of	ADP
ijtc-777	138	23	0.0001	0.0001	NUM
ijtc-777	138	24	is	be	AUX
ijtc-777	138	25	issuers	issuer	NOUN
ijtc-777	138	26	engaged	engage	VERB
ijtc-777	138	27	in	in	ADP
ijtc-777	138	28	telecommunications	telecommunications	NOUN
ijtc-777	138	29	infrastructure	infrastructure	NOUN
ijtc-777	138	30	.	.	PUNCT
ijtc-777	139	1	both	both	DET
ijtc-777	139	2	issuers	issuer	NOUN
ijtc-777	139	3	are	be	AUX
ijtc-777	139	4	development	development	PROPN
ijtc-777	139	5	board	board	PROPN
ijtc-777	139	6	issuers	issuer	NOUN
ijtc-777	139	7	.	.	PUNCT
ijtc-777	140	1	variable	variable	ADJ
ijtc-777	140	2	n	n	CCONJ
ijtc-777	140	3	minimum	minimum	ADJ
ijtc-777	140	4	maximum	maximum	ADJ
ijtc-777	140	5	mean	mean	ADJ
ijtc-777	140	6	median	median	ADJ
ijtc-777	140	7	std	std	PROPN
ijtc-777	140	8	.	.	PUNCT
ijtc-777	141	1	deviation	deviation	NOUN
ijtc-777	141	2	qi	qi	PROPN
ijtc-777	141	3	,	,	PUNCT
ijtc-777	141	4	t+1	t+1	PROPN
ijtc-777	141	5	1118	1118	NUM
ijtc-777	141	6	0,1834	0,1834	VERB
ijtc-777	141	7	4,8732	4,8732	NUM
ijtc-777	141	8	1,6213	1,6213	NUM
ijtc-777	141	9	1,1620	1,1620	NUM
ijtc-777	141	10	1,1500	1,1500	PROPN
ijtc-777	141	11	etri	etri	NOUN
ijtc-777	141	12	,	,	PUNCT
ijtc-777	141	13	t	t	PROPN
ijtc-777	141	14	1118	1118	NUM
ijtc-777	141	15	0,0010	0,0010	NOUN
ijtc-777	141	16	0,8183	0,8183	PROPN
ijtc-777	142	1	0,2985	0,2985	NOUN
ijtc-777	142	2	0,2535	0,2535	PROPN
ijtc-777	143	1	0,1726	0,1726	PROPN
ijtc-777	143	2	levi	levi	PROPN
ijtc-777	143	3	,	,	PUNCT
ijtc-777	143	4	t	t	PROPN
ijtc-777	143	5	1118	1118	NUM
ijtc-777	143	6	0,0000	0,0000	NUM
ijtc-777	143	7	0,9454	0,9454	NOUN
ijtc-777	143	8	0,2148	0,2148	PROPN
ijtc-777	143	9	0,2006	0,2006	PROPN
ijtc-777	143	10	0,1846	0,1846	NOUN
ijtc-777	143	11	roai	roai	NOUN
ijtc-777	143	12	,	,	PUNCT
ijtc-777	143	13	t	t	PROPN
ijtc-777	143	14	1118	1118	NUM
ijtc-777	143	15	0,0001	0,0001	NOUN
ijtc-777	143	16	0,1967	0,1967	PROPN
ijtc-777	143	17	0,0580	0,0580	PROPN
ijtc-777	143	18	0,0435	0,0435	NOUN
ijtc-777	143	19	0,0534	0,0534	NUM
ijtc-777	143	20	sizei	sizei	NOUN
ijtc-777	143	21	,	,	PUNCT
ijtc-777	143	22	t	t	PROPN
ijtc-777	143	23	1118	1118	NUM
ijtc-777	143	24	3,0373	3,0373	NUM
ijtc-777	143	25	3,1820	3,1820	NOUN
ijtc-777	143	26	13,6313	13,6313	NUM
ijtc-777	143	27	14,1615	14,1615	NUM
ijtc-777	143	28	19,7217	19,7217	NUM
ijtc-777	143	29	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-777	143	30	the	the	DET
ijtc-777	143	31	moderation	moderation	NOUN
ijtc-777	143	32	role	role	NOUN
ijtc-777	143	33	of	of	ADP
ijtc-777	143	34	tax	tax	NOUN
ijtc-777	143	35	rate	rate	NOUN
ijtc-777	143	36	reduction	reduction	NOUN
ijtc-777	143	37	and	and	CCONJ
ijtc-777	143	38	state	state	NOUN
ijtc-777	143	39	ownership	ownership	NOUN
ijtc-777	143	40	status	status	NOUN
ijtc-777	143	41	in	in	ADP
ijtc-777	143	42	the	the	DET
ijtc-777	143	43	effect	effect	NOUN
ijtc-777	143	44	of	of	ADP
ijtc-777	143	45	tax	tax	NOUN
ijtc-777	143	46	aggresiveness	aggresiveness	NOUN
ijtc-777	143	47	on	on	ADP
ijtc-777	143	48	company	company	NOUN
ijtc-777	143	49	value	value	NOUN
ijtc-777	143	50	ardhi	ardhi	NOUN
ijtc-777	143	51	and	and	CCONJ
ijtc-777	143	52	lubis	lubi	VERB
ijtc-777	143	53	459	459	NUM
ijtc-777	143	54	|	|	ADV
ijtc-777	143	55	ilomata	ilomata	PROPN
ijtc-777	143	56	international	international	ADJ
ijtc-777	143	57	journal	journal	NOUN
ijtc-777	143	58	of	of	ADP
ijtc-777	143	59	tax	tax	PROPN
ijtc-777	143	60	&	&	CCONJ
ijtc-777	143	61	accounting	accounting	PROPN
ijtc-777	143	62	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-777	143	63	there	there	PRON
ijtc-777	143	64	is	be	VERB
ijtc-777	143	65	a	a	DET
ijtc-777	143	66	movement	movement	NOUN
ijtc-777	143	67	in	in	ADP
ijtc-777	143	68	the	the	DET
ijtc-777	143	69	mean	mean	ADJ
ijtc-777	143	70	value	value	NOUN
ijtc-777	143	71	of	of	ADP
ijtc-777	143	72	the	the	DET
ijtc-777	143	73	main	main	ADJ
ijtc-777	143	74	variables	variable	NOUN
ijtc-777	143	75	of	of	ADP
ijtc-777	143	76	the	the	DET
ijtc-777	143	77	study	study	NOUN
ijtc-777	143	78	every	every	DET
ijtc-777	143	79	year	year	NOUN
ijtc-777	143	80	starting	start	VERB
ijtc-777	143	81	from	from	ADP
ijtc-777	143	82	2017	2017	NUM
ijtc-777	143	83	to	to	ADP
ijtc-777	143	84	2021	2021	NUM
ijtc-777	143	85	,	,	PUNCT
ijtc-777	143	86	as	as	SCONJ
ijtc-777	143	87	shown	show	VERB
ijtc-777	143	88	in	in	ADP
ijtc-777	143	89	table	table	NOUN
ijtc-777	143	90	2	2	NUM
ijtc-777	143	91	:	:	PUNCT
ijtc-777	143	92	table	table	NOUN
ijtc-777	143	93	2	2	NUM
ijtc-777	143	94	.	.	PUNCT
ijtc-777	143	95	mean	mean	PROPN
ijtc-777	143	96	movement	movement	NOUN
ijtc-777	143	97	of	of	ADP
ijtc-777	143	98	main	main	ADJ
ijtc-777	143	99	variables	variable	NOUN
ijtc-777	143	100	source	source	NOUN
ijtc-777	143	101	:	:	PUNCT
ijtc-777	143	102	data	datum	NOUN
ijtc-777	143	103	processing	processing	NOUN
ijtc-777	143	104	cumulatively	cumulatively	ADV
ijtc-777	143	105	,	,	PUNCT
ijtc-777	143	106	there	there	PRON
ijtc-777	143	107	was	be	VERB
ijtc-777	143	108	an	an	DET
ijtc-777	143	109	average	average	ADJ
ijtc-777	143	110	increase	increase	NOUN
ijtc-777	143	111	in	in	ADP
ijtc-777	143	112	the	the	DET
ijtc-777	143	113	q	q	NOUN
ijtc-777	143	114	variable	variable	NOUN
ijtc-777	143	115	even	even	ADV
ijtc-777	143	116	though	though	SCONJ
ijtc-777	143	117	it	it	PRON
ijtc-777	143	118	had	have	AUX
ijtc-777	143	119	fallen	fall	VERB
ijtc-777	143	120	in	in	ADP
ijtc-777	143	121	the	the	DET
ijtc-777	143	122	2018	2018	NUM
ijtc-777	143	123	-	-	SYM
ijtc-777	143	124	2019	2019	NUM
ijtc-777	143	125	period	period	NOUN
ijtc-777	143	126	and	and	CCONJ
ijtc-777	143	127	then	then	ADV
ijtc-777	143	128	rose	rise	VERB
ijtc-777	143	129	again	again	ADV
ijtc-777	143	130	up	up	ADP
ijtc-777	143	131	to	to	ADP
ijtc-777	143	132	the	the	DET
ijtc-777	143	133	final	final	ADJ
ijtc-777	143	134	period	period	NOUN
ijtc-777	143	135	of	of	ADP
ijtc-777	143	136	the	the	DET
ijtc-777	143	137	study	study	NOUN
ijtc-777	143	138	in	in	ADP
ijtc-777	143	139	2021	2021	NUM
ijtc-777	143	140	.	.	PUNCT
ijtc-777	144	1	for	for	ADP
ijtc-777	144	2	the	the	DET
ijtc-777	144	3	etr	etr	PROPN
ijtc-777	144	4	variable	variable	NOUN
ijtc-777	144	5	,	,	PUNCT
ijtc-777	144	6	there	there	PRON
ijtc-777	144	7	was	be	VERB
ijtc-777	144	8	a	a	DET
ijtc-777	144	9	significant	significant	ADJ
ijtc-777	144	10	increase	increase	NOUN
ijtc-777	144	11	in	in	ADP
ijtc-777	144	12	the	the	DET
ijtc-777	144	13	2019	2019	NUM
ijtc-777	144	14	period	period	NOUN
ijtc-777	144	15	of	of	ADP
ijtc-777	144	16	0.0245	0.0245	NUM
ijtc-777	144	17	even	even	ADV
ijtc-777	144	18	though	though	SCONJ
ijtc-777	144	19	the	the	DET
ijtc-777	144	20	time	time	NOUN
ijtc-777	144	21	of	of	ADP
ijtc-777	144	22	the	the	DET
ijtc-777	144	23	issuance	issuance	NOUN
ijtc-777	144	24	of	of	ADP
ijtc-777	144	25	the	the	DET
ijtc-777	144	26	regulation	regulation	NOUN
ijtc-777	144	27	on	on	ADP
ijtc-777	144	28	reducing	reduce	VERB
ijtc-777	144	29	corporate	corporate	ADJ
ijtc-777	144	30	income	income	NOUN
ijtc-777	144	31	tax	tax	NOUN
ijtc-777	144	32	rates	rate	NOUN
ijtc-777	144	33	was	be	AUX
ijtc-777	144	34	in	in	ADP
ijtc-777	144	35	2020	2020	NUM
ijtc-777	144	36	,	,	PUNCT
ijtc-777	144	37	there	there	PRON
ijtc-777	144	38	was	be	VERB
ijtc-777	144	39	no	no	DET
ijtc-777	144	40	significant	significant	ADJ
ijtc-777	144	41	change	change	NOUN
ijtc-777	144	42	in	in	ADP
ijtc-777	144	43	the	the	DET
ijtc-777	144	44	average	average	ADJ
ijtc-777	144	45	value	value	NOUN
ijtc-777	144	46	of	of	ADP
ijtc-777	144	47	the	the	DET
ijtc-777	144	48	research	research	NOUN
ijtc-777	144	49	sample	sample	NOUN
ijtc-777	144	50	.	.	PUNCT
ijtc-777	145	1	the	the	DET
ijtc-777	145	2	following	following	ADJ
ijtc-777	145	3	year	year	NOUN
ijtc-777	145	4	after	after	ADP
ijtc-777	145	5	the	the	DET
ijtc-777	145	6	rate	rate	NOUN
ijtc-777	145	7	reduction	reduction	NOUN
ijtc-777	145	8	in	in	ADP
ijtc-777	145	9	2021	2021	NUM
ijtc-777	145	10	,	,	PUNCT
ijtc-777	145	11	there	there	PRON
ijtc-777	145	12	was	be	VERB
ijtc-777	145	13	a	a	DET
ijtc-777	145	14	significant	significant	ADJ
ijtc-777	145	15	decrease	decrease	NOUN
ijtc-777	145	16	in	in	ADP
ijtc-777	145	17	the	the	DET
ijtc-777	145	18	average	average	ADJ
ijtc-777	145	19	value	value	NOUN
ijtc-777	145	20	of	of	ADP
ijtc-777	145	21	the	the	DET
ijtc-777	145	22	etr	etr	NOUN
ijtc-777	145	23	and	and	CCONJ
ijtc-777	145	24	cumulatively	cumulatively	ADV
ijtc-777	145	25	in	in	ADP
ijtc-777	145	26	the	the	DET
ijtc-777	145	27	study	study	NOUN
ijtc-777	145	28	period	period	NOUN
ijtc-777	145	29	there	there	PRON
ijtc-777	145	30	has	have	AUX
ijtc-777	145	31	been	be	AUX
ijtc-777	145	32	a	a	DET
ijtc-777	145	33	decrease	decrease	NOUN
ijtc-777	145	34	in	in	ADP
ijtc-777	145	35	the	the	DET
ijtc-777	145	36	etr	etr	PROPN
ijtc-777	145	37	rate	rate	NOUN
ijtc-777	145	38	.	.	PUNCT
ijtc-777	146	1	based	base	VERB
ijtc-777	146	2	on	on	ADP
ijtc-777	146	3	the	the	DET
ijtc-777	146	4	movement	movement	NOUN
ijtc-777	146	5	of	of	ADP
ijtc-777	146	6	the	the	DET
ijtc-777	146	7	mean	mean	ADJ
ijtc-777	146	8	value	value	NOUN
ijtc-777	146	9	of	of	ADP
ijtc-777	146	10	etr	etr	PROPN
ijtc-777	146	11	,	,	PUNCT
ijtc-777	146	12	it	it	PRON
ijtc-777	146	13	can	can	AUX
ijtc-777	146	14	be	be	AUX
ijtc-777	146	15	indicated	indicate	VERB
ijtc-777	146	16	that	that	SCONJ
ijtc-777	146	17	there	there	PRON
ijtc-777	146	18	was	be	VERB
ijtc-777	146	19	an	an	DET
ijtc-777	146	20	increase	increase	NOUN
ijtc-777	146	21	in	in	ADP
ijtc-777	146	22	aggressiveness	aggressiveness	NOUN
ijtc-777	146	23	by	by	ADP
ijtc-777	146	24	the	the	DET
ijtc-777	146	25	company	company	NOUN
ijtc-777	146	26	during	during	ADP
ijtc-777	146	27	the	the	DET
ijtc-777	146	28	observation	observation	NOUN
ijtc-777	146	29	period	period	NOUN
ijtc-777	146	30	of	of	ADP
ijtc-777	146	31	the	the	DET
ijtc-777	146	32	study	study	NOUN
ijtc-777	146	33	.	.	PUNCT
ijtc-777	147	1	panel	panel	NOUN
ijtc-777	147	2	data	data	PROPN
ijtc-777	147	3	regression	regression	PROPN
ijtc-777	147	4	model	model	NOUN
ijtc-777	147	5	selection	selection	PROPN
ijtc-777	147	6	chow	chow	PROPN
ijtc-777	147	7	test	test	NOUN
ijtc-777	147	8	in	in	ADP
ijtc-777	147	9	the	the	DET
ijtc-777	147	10	chow	chow	PROPN
ijtc-777	147	11	test	test	NOUN
ijtc-777	147	12	of	of	ADP
ijtc-777	147	13	the	the	DET
ijtc-777	147	14	three	three	NUM
ijtc-777	147	15	models	model	NOUN
ijtc-777	147	16	that	that	PRON
ijtc-777	147	17	have	have	AUX
ijtc-777	147	18	been	be	AUX
ijtc-777	147	19	carried	carry	VERB
ijtc-777	147	20	out	out	ADP
ijtc-777	147	21	,	,	PUNCT
ijtc-777	147	22	both	both	PRON
ijtc-777	147	23	have	have	VERB
ijtc-777	147	24	a	a	DET
ijtc-777	147	25	prob	prob	ADJ
ijtc-777	147	26	value	value	NOUN
ijtc-777	147	27	.	.	PUNCT
ijtc-777	148	1	crosssection	crosssection	PROPN
ijtc-777	148	2	f	f	PROPN
ijtc-777	148	3	and	and	CCONJ
ijtc-777	148	4	ci	ci	NOUN
ijtc-777	148	5	-	-	PUNCT
ijtc-777	148	6	square	square	NOUN
ijtc-777	148	7	which	which	PRON
ijtc-777	148	8	is	be	AUX
ijtc-777	148	9	smaller	small	ADJ
ijtc-777	148	10	than	than	ADP
ijtc-777	148	11	0.05	0.05	NUM
ijtc-777	148	12	,	,	PUNCT
ijtc-777	148	13	from	from	ADP
ijtc-777	148	14	these	these	DET
ijtc-777	148	15	results	result	NOUN
ijtc-777	148	16	,	,	PUNCT
ijtc-777	148	17	the	the	DET
ijtc-777	148	18	hypothesis	hypothesis	NOUN
ijtc-777	148	19	is	be	AUX
ijtc-777	148	20	rejected	reject	VERB
ijtc-777	148	21	.	.	PUNCT
ijtc-777	149	1	so	so	ADV
ijtc-777	149	2	it	it	PRON
ijtc-777	149	3	was	be	AUX
ijtc-777	149	4	concluded	conclude	VERB
ijtc-777	149	5	that	that	SCONJ
ijtc-777	149	6	the	the	DET
ijtc-777	149	7	fixed	fix	VERB
ijtc-777	149	8	effect	effect	NOUN
ijtc-777	149	9	model	model	NOUN
ijtc-777	149	10	was	be	AUX
ijtc-777	149	11	the	the	DET
ijtc-777	149	12	best	good	ADJ
ijtc-777	149	13	and	and	CCONJ
ijtc-777	149	14	the	the	DET
ijtc-777	149	15	data	data	NOUN
ijtc-777	149	16	testing	testing	NOUN
ijtc-777	149	17	continued	continue	VERB
ijtc-777	149	18	by	by	ADP
ijtc-777	149	19	implementing	implement	VERB
ijtc-777	149	20	hausman	hausman	ADJ
ijtc-777	149	21	test	test	NOUN
ijtc-777	149	22	.	.	PUNCT
ijtc-777	150	1	hausman	hausman	PROPN
ijtc-777	150	2	test	test	NOUN
ijtc-777	150	3	based	base	VERB
ijtc-777	150	4	on	on	ADP
ijtc-777	150	5	the	the	DET
ijtc-777	150	6	hausman	hausman	ADJ
ijtc-777	150	7	test	test	NOUN
ijtc-777	150	8	of	of	ADP
ijtc-777	150	9	the	the	DET
ijtc-777	150	10	three	three	NUM
ijtc-777	150	11	models	model	NOUN
ijtc-777	150	12	tested	test	VERB
ijtc-777	150	13	,	,	PUNCT
ijtc-777	150	14	the	the	DET
ijtc-777	150	15	p	p	NOUN
ijtc-777	150	16	value	value	NOUN
ijtc-777	150	17	of	of	ADP
ijtc-777	150	18	the	the	DET
ijtc-777	150	19	model	model	NOUN
ijtc-777	150	20	is	be	AUX
ijtc-777	150	21	below	below	ADP
ijtc-777	150	22	0.05	0.05	NUM
ijtc-777	150	23	,	,	PUNCT
ijtc-777	150	24	meaning	mean	VERB
ijtc-777	150	25	that	that	SCONJ
ijtc-777	150	26	the	the	DET
ijtc-777	150	27	fixed	fix	VERB
ijtc-777	150	28	effect	effect	NOUN
ijtc-777	150	29	model	model	NOUN
ijtc-777	150	30	is	be	AUX
ijtc-777	150	31	the	the	DET
ijtc-777	150	32	best	good	ADJ
ijtc-777	150	33	model	model	NOUN
ijtc-777	150	34	so	so	SCONJ
ijtc-777	150	35	the	the	DET
ijtc-777	150	36	lagrange	lagrange	NOUN
ijtc-777	150	37	multiplier	multiplier	ADV
ijtc-777	150	38	(	(	PUNCT
ijtc-777	150	39	lm	lm	INTJ
ijtc-777	150	40	)	)	PUNCT
ijtc-777	150	41	test	test	NOUN
ijtc-777	150	42	is	be	AUX
ijtc-777	150	43	not	not	PART
ijtc-777	150	44	implemented	implement	VERB
ijtc-777	150	45	.	.	PUNCT
ijtc-777	151	1	best	good	ADJ
ijtc-777	151	2	panel	panel	NOUN
ijtc-777	151	3	data	data	PROPN
ijtc-777	151	4	regression	regression	NOUN
ijtc-777	151	5	model	model	NOUN
ijtc-777	151	6	the	the	DET
ijtc-777	151	7	following	follow	VERB
ijtc-777	151	8	table	table	NOUN
ijtc-777	151	9	summarizes	summarize	VERB
ijtc-777	151	10	the	the	DET
ijtc-777	151	11	results	result	NOUN
ijtc-777	151	12	of	of	ADP
ijtc-777	151	13	the	the	DET
ijtc-777	151	14	panel	panel	NOUN
ijtc-777	151	15	data	datum	NOUN
ijtc-777	151	16	regression	regression	NOUN
ijtc-777	151	17	model	model	NOUN
ijtc-777	151	18	on	on	ADP
ijtc-777	151	19	selection	selection	NOUN
ijtc-777	151	20	test	test	NOUN
ijtc-777	151	21	performed	perform	VERB
ijtc-777	151	22	from	from	ADP
ijtc-777	151	23	all	all	DET
ijtc-777	151	24	three	three	NUM
ijtc-777	151	25	models	model	NOUN
ijtc-777	151	26	.	.	PUNCT
ijtc-777	152	1	table	table	NOUN
ijtc-777	152	2	3	3	NUM
ijtc-777	152	3	.	.	X
ijtc-777	152	4	panel	panel	NOUN
ijtc-777	152	5	data	datum	NOUN
ijtc-777	152	6	approach	approach	NOUN
ijtc-777	152	7	testing	testing	NOUN
ijtc-777	152	8	source	source	NOUN
ijtc-777	152	9	:	:	PUNCT
ijtc-777	152	10	data	datum	NOUN
ijtc-777	152	11	processing	process	VERB
ijtc-777	152	12	2017	2017	NUM
ijtc-777	152	13	2018	2018	NUM
ijtc-777	152	14	2019	2019	NUM
ijtc-777	152	15	2020	2020	NUM
ijtc-777	152	16	2021	2021	NUM
ijtc-777	152	17	total	total	NOUN
ijtc-777	152	18	qi	qi	PROPN
ijtc-777	152	19	,	,	PUNCT
ijtc-777	152	20	t+1	t+1	PROPN
ijtc-777	152	21	1,609252	1,609252	NUM
ijtc-777	152	22	1,586791	1,586791	NUM
ijtc-777	152	23	1,569662	1,569662	NUM
ijtc-777	153	1	1,678343	1,678343	NUM
ijtc-777	153	2	1,675246	1,675246	PROPN
ijtc-777	153	3	1,621300	1,621300	NUM
ijtc-777	153	4	etri	etri	NOUN
ijtc-777	153	5	,	,	PUNCT
ijtc-777	153	6	t	t	X
ijtc-777	153	7	0,292148	0,292148	NUM
ijtc-777	153	8	0,296939	0,296939	NOUN
ijtc-777	154	1	0,321531	0,321531	ADJ
ijtc-777	154	2	0,326944	0,326944	NUM
ijtc-777	154	3	0,259696	0,259696	NOUN
ijtc-777	154	4	0,298500	0,298500	NOUN
ijtc-777	154	5	variable	variable	ADJ
ijtc-777	154	6	years	year	NOUN
ijtc-777	154	7	description	description	NOUN
ijtc-777	154	8	test	test	NOUN
ijtc-777	154	9	probability	probability	NOUN
ijtc-777	154	10	f	f	PROPN
ijtc-777	154	11	/	/	SYM
ijtc-777	154	12	chi	chi	ADJ
ijtc-777	154	13	2	2	NUM
ijtc-777	154	14	result	result	VERB
ijtc-777	154	15	pls	pls	INTJ
ijtc-777	154	16	vs	vs	ADP
ijtc-777	154	17	fe	fe	X
ijtc-777	154	18	chow	chow	PROPN
ijtc-777	154	19	0,0000	0,0000	NUM
ijtc-777	154	20	fe	fe	X
ijtc-777	154	21	fe	fe	X
ijtc-777	154	22	vs	vs	X
ijtc-777	154	23	re	re	PROPN
ijtc-777	154	24	hausman	hausman	PROPN
ijtc-777	154	25	0,0000	0,0000	PRON
ijtc-777	154	26	fe	fe	NOUN
ijtc-777	155	1	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-777	155	2	the	the	DET
ijtc-777	155	3	moderation	moderation	NOUN
ijtc-777	155	4	role	role	NOUN
ijtc-777	155	5	of	of	ADP
ijtc-777	155	6	tax	tax	NOUN
ijtc-777	155	7	rate	rate	NOUN
ijtc-777	155	8	reduction	reduction	NOUN
ijtc-777	155	9	and	and	CCONJ
ijtc-777	155	10	state	state	NOUN
ijtc-777	155	11	ownership	ownership	NOUN
ijtc-777	155	12	status	status	NOUN
ijtc-777	155	13	in	in	ADP
ijtc-777	155	14	the	the	DET
ijtc-777	155	15	effect	effect	NOUN
ijtc-777	155	16	of	of	ADP
ijtc-777	155	17	tax	tax	NOUN
ijtc-777	155	18	aggresiveness	aggresiveness	NOUN
ijtc-777	155	19	on	on	ADP
ijtc-777	155	20	company	company	NOUN
ijtc-777	155	21	value	value	NOUN
ijtc-777	155	22	ardhi	ardhi	NOUN
ijtc-777	155	23	and	and	CCONJ
ijtc-777	155	24	lubis	lubi	VERB
ijtc-777	156	1	460	460	NUM
ijtc-777	157	1	|	|	ADV
ijtc-777	157	2	ilomata	ilomata	PROPN
ijtc-777	157	3	international	international	ADJ
ijtc-777	157	4	journal	journal	NOUN
ijtc-777	157	5	of	of	ADP
ijtc-777	157	6	tax	tax	PROPN
ijtc-777	157	7	&	&	CCONJ
ijtc-777	157	8	accounting	accounting	PROPN
ijtc-777	157	9	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-777	157	10	the	the	DET
ijtc-777	157	11	results	result	NOUN
ijtc-777	157	12	generated	generate	VERB
ijtc-777	157	13	in	in	ADP
ijtc-777	157	14	the	the	DET
ijtc-777	157	15	study	study	NOUN
ijtc-777	157	16	emphasized	emphasize	VERB
ijtc-777	157	17	that	that	SCONJ
ijtc-777	157	18	the	the	DET
ijtc-777	157	19	best	good	ADJ
ijtc-777	157	20	model	model	NOUN
ijtc-777	157	21	for	for	ADP
ijtc-777	157	22	all	all	DET
ijtc-777	157	23	equations	equation	NOUN
ijtc-777	157	24	is	be	AUX
ijtc-777	157	25	the	the	DET
ijtc-777	157	26	fixed	fixed	ADJ
ijtc-777	157	27	effect	effect	NOUN
ijtc-777	157	28	model	model	NOUN
ijtc-777	157	29	.	.	PUNCT
ijtc-777	158	1	classic	classic	ADJ
ijtc-777	158	2	assumption	assumption	NOUN
ijtc-777	158	3	test	test	NOUN
ijtc-777	158	4	multicolinearity	multicolinearity	NOUN
ijtc-777	158	5	test	test	NOUN
ijtc-777	158	6	as	as	ADP
ijtc-777	158	7	pearson	pearson	NOUN
ijtc-777	158	8	correlation	correlation	NOUN
ijtc-777	158	9	testing	testing	NOUN
ijtc-777	158	10	that	that	PRON
ijtc-777	158	11	has	have	AUX
ijtc-777	158	12	been	be	AUX
ijtc-777	158	13	done	do	VERB
ijtc-777	158	14	,	,	PUNCT
ijtc-777	158	15	there	there	PRON
ijtc-777	158	16	is	be	VERB
ijtc-777	158	17	no	no	DET
ijtc-777	158	18	multicollinearity	multicollinearity	NOUN
ijtc-777	158	19	problem	problem	NOUN
ijtc-777	158	20	where	where	SCONJ
ijtc-777	158	21	the	the	DET
ijtc-777	158	22	correlation	correlation	NOUN
ijtc-777	158	23	coefficient	coefficient	NOUN
ijtc-777	158	24	of	of	ADP
ijtc-777	158	25	each	each	DET
ijtc-777	158	26	independent	independent	ADJ
ijtc-777	158	27	variable	variable	NOUN
ijtc-777	158	28	does	do	AUX
ijtc-777	158	29	not	not	PART
ijtc-777	158	30	exceed	exceed	VERB
ijtc-777	158	31	a	a	DET
ijtc-777	158	32	value	value	NOUN
ijtc-777	158	33	of	of	ADP
ijtc-777	158	34	0.8	0.8	NUM
ijtc-777	158	35	.	.	PUNCT
ijtc-777	159	1	heteroscedasticity	heteroscedasticity	NOUN
ijtc-777	159	2	test	test	NOUN
ijtc-777	159	3	based	base	VERB
ijtc-777	159	4	on	on	ADP
ijtc-777	159	5	the	the	DET
ijtc-777	159	6	regression	regression	NOUN
ijtc-777	159	7	of	of	ADP
ijtc-777	159	8	residual	residual	ADJ
ijtc-777	159	9	absolute	absolute	ADJ
ijtc-777	159	10	values	value	NOUN
ijtc-777	159	11	with	with	ADP
ijtc-777	159	12	independent	independent	ADJ
ijtc-777	159	13	variables	variable	NOUN
ijtc-777	159	14	or	or	CCONJ
ijtc-777	159	15	the	the	DET
ijtc-777	159	16	glejser	glejser	NOUN
ijtc-777	159	17	test	test	NOUN
ijtc-777	159	18	,	,	PUNCT
ijtc-777	159	19	there	there	PRON
ijtc-777	159	20	is	be	VERB
ijtc-777	159	21	a	a	DET
ijtc-777	159	22	heteroscedasticity	heteroscedasticity	NOUN
ijtc-777	159	23	problem	problem	NOUN
ijtc-777	159	24	in	in	ADP
ijtc-777	159	25	the	the	DET
ijtc-777	159	26	data	datum	NOUN
ijtc-777	159	27	for	for	ADP
ijtc-777	159	28	the	the	DET
ijtc-777	159	29	size	size	NOUN
ijtc-777	159	30	variable	variable	NOUN
ijtc-777	159	31	before	before	SCONJ
ijtc-777	159	32	the	the	DET
ijtc-777	159	33	data	data	NOUN
ijtc-777	159	34	transformation	transformation	NOUN
ijtc-777	159	35	is	be	AUX
ijtc-777	159	36	performed	perform	VERB
ijtc-777	159	37	.	.	PUNCT
ijtc-777	160	1	after	after	ADP
ijtc-777	160	2	the	the	DET
ijtc-777	160	3	transformation	transformation	NOUN
ijtc-777	160	4	,	,	PUNCT
ijtc-777	160	5	it	it	PRON
ijtc-777	160	6	can	can	AUX
ijtc-777	160	7	be	be	AUX
ijtc-777	160	8	seen	see	VERB
ijtc-777	160	9	that	that	SCONJ
ijtc-777	160	10	the	the	DET
ijtc-777	160	11	heteroscedasticity	heteroscedasticity	NOUN
ijtc-777	160	12	problem	problem	NOUN
ijtc-777	160	13	has	have	AUX
ijtc-777	160	14	been	be	AUX
ijtc-777	160	15	resolved	resolve	VERB
ijtc-777	160	16	as	as	SCONJ
ijtc-777	160	17	evidenced	evidence	VERB
ijtc-777	160	18	by	by	ADP
ijtc-777	160	19	a	a	DET
ijtc-777	160	20	p	p	NOUN
ijtc-777	160	21	-	-	PUNCT
ijtc-777	160	22	value	value	NOUN
ijtc-777	160	23	of	of	ADP
ijtc-777	160	24	>	>	X
ijtc-777	160	25	5	5	NUM
ijtc-777	160	26	%	%	NOUN
ijtc-777	160	27	.	.	PUNCT
ijtc-777	161	1	panel	panel	NOUN
ijtc-777	161	2	data	datum	NOUN
ijtc-777	161	3	regression	regression	NOUN
ijtc-777	161	4	analysis	analysis	NOUN
ijtc-777	161	5	tax	tax	NOUN
ijtc-777	161	6	aggressiveness	aggressiveness	NOUN
ijtc-777	161	7	and	and	CCONJ
ijtc-777	161	8	firm	firm	ADJ
ijtc-777	161	9	value	value	NOUN
ijtc-777	161	10	the	the	DET
ijtc-777	161	11	findings	finding	NOUN
ijtc-777	161	12	of	of	ADP
ijtc-777	161	13	the	the	DET
ijtc-777	161	14	panel	panel	NOUN
ijtc-777	161	15	data	datum	NOUN
ijtc-777	161	16	regression	regression	NOUN
ijtc-777	161	17	analysis	analysis	NOUN
ijtc-777	161	18	test	test	NOUN
ijtc-777	161	19	selected	select	VERB
ijtc-777	161	20	the	the	DET
ijtc-777	161	21	equation	equation	NOUN
ijtc-777	161	22	model	model	NOUN
ijtc-777	161	23	between	between	ADP
ijtc-777	161	24	variables	variable	NOUN
ijtc-777	161	25	,	,	PUNCT
ijtc-777	161	26	and	and	CCONJ
ijtc-777	161	27	they	they	PRON
ijtc-777	161	28	are	be	AUX
ijtc-777	161	29	formulated	formulate	VERB
ijtc-777	161	30	as	as	SCONJ
ijtc-777	161	31	follows	follow	VERB
ijtc-777	161	32	:	:	PUNCT
ijtc-777	161	33	q	q	X
ijtc-777	161	34	=	=	SYM
ijtc-777	161	35	8,2543	8,2543	PROPN
ijtc-777	161	36	+	+	CCONJ
ijtc-777	161	37	0,0635etr	0,0635etr	NUM
ijtc-777	161	38	+	+	SYM
ijtc-777	161	39	0,3062lev	0,3062lev	NUM
ijtc-777	161	40	2,6421size	2,6421size	NOUN
ijtc-777	161	41	+	+	CCONJ
ijtc-777	161	42	1,4095roa	1,4095roa	NUM
ijtc-777	161	43	+	+	CCONJ
ijtc-777	161	44	ε	ε	PROPN
ijtc-777	161	45	the	the	DET
ijtc-777	161	46	measurement	measurement	NOUN
ijtc-777	161	47	of	of	ADP
ijtc-777	161	48	the	the	DET
ijtc-777	161	49	increase	increase	NOUN
ijtc-777	161	50	or	or	CCONJ
ijtc-777	161	51	decrease	decrease	NOUN
ijtc-777	161	52	in	in	ADP
ijtc-777	161	53	etr	etr	PROPN
ijtc-777	161	54	is	be	AUX
ijtc-777	161	55	inversely	inversely	ADV
ijtc-777	161	56	proportional	proportional	ADJ
ijtc-777	161	57	to	to	ADP
ijtc-777	161	58	tax	tax	NOUN
ijtc-777	161	59	aggressiveness	aggressiveness	NOUN
ijtc-777	161	60	,	,	PUNCT
ijtc-777	161	61	the	the	PRON
ijtc-777	161	62	higher	high	ADJ
ijtc-777	161	63	the	the	DET
ijtc-777	161	64	tax	tax	NOUN
ijtc-777	161	65	aggressiveness	aggressiveness	NOUN
ijtc-777	161	66	,	,	PUNCT
ijtc-777	161	67	the	the	PRON
ijtc-777	161	68	lower	low	ADJ
ijtc-777	161	69	the	the	DET
ijtc-777	161	70	etr	etr	NOUN
ijtc-777	161	71	,	,	PUNCT
ijtc-777	161	72	and	and	CCONJ
ijtc-777	161	73	vice	vice	ADV
ijtc-777	161	74	versa	versa	ADV
ijtc-777	161	75	,	,	PUNCT
ijtc-777	161	76	the	the	PRON
ijtc-777	161	77	lower	low	ADJ
ijtc-777	161	78	the	the	DET
ijtc-777	161	79	tax	tax	NOUN
ijtc-777	161	80	aggressiveness	aggressiveness	NOUN
ijtc-777	161	81	,	,	PUNCT
ijtc-777	161	82	the	the	PRON
ijtc-777	161	83	higher	high	ADJ
ijtc-777	161	84	the	the	DET
ijtc-777	161	85	etr	etr	PROPN
ijtc-777	161	86	rate	rate	NOUN
ijtc-777	161	87	.	.	PUNCT
ijtc-777	162	1	based	base	VERB
ijtc-777	162	2	on	on	ADP
ijtc-777	162	3	the	the	DET
ijtc-777	162	4	regression	regression	NOUN
ijtc-777	162	5	results	result	NOUN
ijtc-777	162	6	,	,	PUNCT
ijtc-777	162	7	it	it	PRON
ijtc-777	162	8	is	be	AUX
ijtc-777	162	9	known	know	VERB
ijtc-777	162	10	that	that	SCONJ
ijtc-777	162	11	the	the	DET
ijtc-777	162	12	coefficient	coefficient	NOUN
ijtc-777	162	13	between	between	ADP
ijtc-777	162	14	etr	etr	PROPN
ijtc-777	162	15	and	and	CCONJ
ijtc-777	162	16	q	q	NOUN
ijtc-777	162	17	is	be	AUX
ijtc-777	162	18	positive	positive	ADJ
ijtc-777	162	19	,	,	PUNCT
ijtc-777	162	20	so	so	CCONJ
ijtc-777	162	21	tax	tax	NOUN
ijtc-777	162	22	aggressiveness	aggressiveness	NOUN
ijtc-777	162	23	negatively	negatively	ADV
ijtc-777	162	24	affects	affect	VERB
ijtc-777	162	25	the	the	DET
ijtc-777	162	26	value	value	NOUN
ijtc-777	162	27	of	of	ADP
ijtc-777	162	28	the	the	DET
ijtc-777	162	29	company	company	NOUN
ijtc-777	162	30	.	.	PUNCT
ijtc-777	163	1	the	the	DET
ijtc-777	163	2	f	f	NOUN
ijtc-777	163	3	-	-	PUNCT
ijtc-777	163	4	stat	stat	PROPN
ijtc-777	163	5	test	test	NOUN
ijtc-777	163	6	result	result	NOUN
ijtc-777	163	7	shows	show	VERB
ijtc-777	163	8	a	a	DET
ijtc-777	163	9	value	value	NOUN
ijtc-777	163	10	of	of	ADP
ijtc-777	163	11	18.03	18.03	NUM
ijtc-777	163	12	and	and	CCONJ
ijtc-777	163	13	a	a	DET
ijtc-777	163	14	probability	probability	NOUN
ijtc-777	163	15	of	of	ADP
ijtc-777	163	16	0.0000	0.0000	NUM
ijtc-777	163	17	%	%	NOUN
ijtc-777	163	18	.	.	PUNCT
ijtc-777	164	1	based	base	VERB
ijtc-777	164	2	on	on	ADP
ijtc-777	164	3	these	these	DET
ijtc-777	164	4	results	result	NOUN
ijtc-777	164	5	,	,	PUNCT
ijtc-777	164	6	the	the	DET
ijtc-777	164	7	regression	regression	NOUN
ijtc-777	164	8	model	model	NOUN
ijtc-777	164	9	can	can	AUX
ijtc-777	164	10	describe	describe	VERB
ijtc-777	164	11	the	the	DET
ijtc-777	164	12	simultaneous	simultaneous	ADJ
ijtc-777	164	13	influence	influence	NOUN
ijtc-777	164	14	of	of	ADP
ijtc-777	164	15	the	the	DET
ijtc-777	164	16	independent	independent	ADJ
ijtc-777	164	17	variable	variable	NOUN
ijtc-777	164	18	and	and	CCONJ
ijtc-777	164	19	control	control	NOUN
ijtc-777	164	20	on	on	ADP
ijtc-777	164	21	the	the	DET
ijtc-777	164	22	dependent	dependent	ADJ
ijtc-777	164	23	variable	variable	NOUN
ijtc-777	164	24	.	.	PUNCT
ijtc-777	165	1	the	the	DET
ijtc-777	165	2	results	result	NOUN
ijtc-777	165	3	also	also	ADV
ijtc-777	165	4	suggest	suggest	VERB
ijtc-777	165	5	the	the	DET
ijtc-777	165	6	t	t	PROPN
ijtc-777	165	7	-	-	PUNCT
ijtc-777	165	8	stat	stat	NOUN
ijtc-777	165	9	value	value	NOUN
ijtc-777	165	10	be	be	AUX
ijtc-777	165	11	used	use	VERB
ijtc-777	165	12	to	to	PART
ijtc-777	165	13	test	test	VERB
ijtc-777	165	14	research	research	NOUN
ijtc-777	165	15	hypotheses	hypothesis	NOUN
ijtc-777	165	16	.	.	PUNCT
ijtc-777	166	1	the	the	DET
ijtc-777	166	2	adjusted	adjust	VERB
ijtc-777	166	3	r2	r2	NOUN
ijtc-777	166	4	value	value	NOUN
ijtc-777	166	5	of	of	ADP
ijtc-777	166	6	the	the	DET
ijtc-777	166	7	regression	regression	NOUN
ijtc-777	166	8	model	model	NOUN
ijtc-777	166	9	is	be	AUX
ijtc-777	166	10	82.31	82.31	NUM
ijtc-777	166	11	%	%	NOUN
ijtc-777	166	12	.	.	PUNCT
ijtc-777	167	1	from	from	ADP
ijtc-777	167	2	the	the	DET
ijtc-777	167	3	adjusted	adjust	VERB
ijtc-777	167	4	value	value	NOUN
ijtc-777	167	5	of	of	ADP
ijtc-777	167	6	r2	r2	PROPN
ijtc-777	167	7	it	it	PRON
ijtc-777	167	8	can	can	AUX
ijtc-777	167	9	be	be	AUX
ijtc-777	167	10	said	say	VERB
ijtc-777	167	11	that	that	SCONJ
ijtc-777	167	12	about	about	ADP
ijtc-777	167	13	82.32	82.32	NUM
ijtc-777	167	14	%	%	NOUN
ijtc-777	167	15	of	of	ADP
ijtc-777	167	16	the	the	DET
ijtc-777	167	17	variation	variation	NOUN
ijtc-777	167	18	of	of	ADP
ijtc-777	167	19	the	the	DET
ijtc-777	167	20	variable	variable	NOUN
ijtc-777	167	21	q	q	NOUN
ijtc-777	167	22	can	can	AUX
ijtc-777	167	23	be	be	AUX
ijtc-777	167	24	explained	explain	VERB
ijtc-777	167	25	by	by	ADP
ijtc-777	167	26	the	the	DET
ijtc-777	167	27	etr	etr	PROPN
ijtc-777	167	28	variable	variable	NOUN
ijtc-777	167	29	and	and	CCONJ
ijtc-777	167	30	the	the	DET
ijtc-777	167	31	control	control	NOUN
ijtc-777	167	32	variable	variable	NOUN
ijtc-777	167	33	(	(	PUNCT
ijtc-777	167	34	lev	lev	NOUN
ijtc-777	167	35	,	,	PUNCT
ijtc-777	167	36	roa	roa	NOUN
ijtc-777	167	37	,	,	PUNCT
ijtc-777	167	38	size	size	NOUN
ijtc-777	167	39	)	)	PUNCT
ijtc-777	167	40	in	in	ADP
ijtc-777	167	41	the	the	DET
ijtc-777	167	42	model	model	NOUN
ijtc-777	167	43	simultaneously	simultaneously	ADV
ijtc-777	167	44	.	.	PUNCT
ijtc-777	168	1	17.69	17.69	NUM
ijtc-777	168	2	%	%	NOUN
ijtc-777	168	3	were	be	AUX
ijtc-777	168	4	not	not	PART
ijtc-777	168	5	explained	explain	VERB
ijtc-777	168	6	by	by	ADP
ijtc-777	168	7	research	research	NOUN
ijtc-777	168	8	variables	variable	NOUN
ijtc-777	168	9	but	but	CCONJ
ijtc-777	168	10	other	other	ADJ
ijtc-777	168	11	variables	variable	NOUN
ijtc-777	168	12	are	be	AUX
ijtc-777	168	13	not	not	PART
ijtc-777	168	14	included	include	VERB
ijtc-777	168	15	in	in	ADP
ijtc-777	168	16	the	the	DET
ijtc-777	168	17	model	model	NOUN
ijtc-777	168	18	,	,	PUNCT
ijtc-777	168	19	as	as	SCONJ
ijtc-777	168	20	shown	show	VERB
ijtc-777	168	21	in	in	ADP
ijtc-777	168	22	table	table	NOUN
ijtc-777	168	23	below	below	ADV
ijtc-777	168	24	:	:	PUNCT
ijtc-777	168	25	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-777	168	26	the	the	DET
ijtc-777	168	27	moderation	moderation	NOUN
ijtc-777	168	28	role	role	NOUN
ijtc-777	168	29	of	of	ADP
ijtc-777	168	30	tax	tax	NOUN
ijtc-777	168	31	rate	rate	NOUN
ijtc-777	168	32	reduction	reduction	NOUN
ijtc-777	168	33	and	and	CCONJ
ijtc-777	168	34	state	state	NOUN
ijtc-777	168	35	ownership	ownership	NOUN
ijtc-777	168	36	status	status	NOUN
ijtc-777	168	37	in	in	ADP
ijtc-777	168	38	the	the	DET
ijtc-777	168	39	effect	effect	NOUN
ijtc-777	168	40	of	of	ADP
ijtc-777	168	41	tax	tax	NOUN
ijtc-777	168	42	aggresiveness	aggresiveness	NOUN
ijtc-777	168	43	on	on	ADP
ijtc-777	168	44	company	company	NOUN
ijtc-777	168	45	value	value	NOUN
ijtc-777	168	46	ardhi	ardhi	NOUN
ijtc-777	168	47	and	and	CCONJ
ijtc-777	168	48	lubis	lubi	VERB
ijtc-777	168	49	461	461	NUM
ijtc-777	168	50	|	|	ADV
ijtc-777	168	51	ilomata	ilomata	ADJ
ijtc-777	168	52	international	international	ADJ
ijtc-777	168	53	journal	journal	NOUN
ijtc-777	168	54	of	of	ADP
ijtc-777	168	55	tax	tax	PROPN
ijtc-777	168	56	&	&	CCONJ
ijtc-777	168	57	accounting	account	VERB
ijtc-777	168	58	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-777	168	59	table	table	NOUN
ijtc-777	168	60	3	3	NUM
ijtc-777	168	61	.	.	X
ijtc-777	169	1	regression	regression	NOUN
ijtc-777	169	2	output	output	NOUN
ijtc-777	169	3	source	source	NOUN
ijtc-777	169	4	:	:	PUNCT
ijtc-777	169	5	data	datum	NOUN
ijtc-777	169	6	processing	process	VERB
ijtc-777	169	7	the	the	DET
ijtc-777	169	8	t	t	PROPN
ijtc-777	169	9	-	-	PUNCT
ijtc-777	169	10	stat	stat	NOUN
ijtc-777	169	11	test	test	NOUN
ijtc-777	169	12	showed	show	VERB
ijtc-777	169	13	a	a	DET
ijtc-777	169	14	positive	positive	ADJ
ijtc-777	169	15	but	but	CCONJ
ijtc-777	169	16	not	not	PART
ijtc-777	169	17	significant	significant	ADJ
ijtc-777	169	18	etr	etr	PROPN
ijtc-777	169	19	regression	regression	PROPN
ijtc-777	169	20	coefficient	coefficient	NOUN
ijtc-777	169	21	(	(	PUNCT
ijtc-777	169	22	0.3165	0.3165	NUM
ijtc-777	169	23	)	)	PUNCT
ijtc-777	169	24	.	.	PUNCT
ijtc-777	170	1	the	the	DET
ijtc-777	170	2	findings	finding	NOUN
ijtc-777	170	3	indicate	indicate	VERB
ijtc-777	170	4	that	that	SCONJ
ijtc-777	170	5	tax	tax	NOUN
ijtc-777	170	6	aggressiveness	aggressiveness	NOUN
ijtc-777	170	7	has	have	VERB
ijtc-777	170	8	a	a	DET
ijtc-777	170	9	negative	negative	ADJ
ijtc-777	170	10	effect	effect	NOUN
ijtc-777	170	11	on	on	ADP
ijtc-777	170	12	company	company	NOUN
ijtc-777	170	13	value	value	NOUN
ijtc-777	170	14	but	but	CCONJ
ijtc-777	170	15	is	be	AUX
ijtc-777	170	16	not	not	PART
ijtc-777	170	17	considered	consider	VERB
ijtc-777	170	18	significant	significant	ADJ
ijtc-777	170	19	.	.	PUNCT
ijtc-777	171	1	therefore	therefore	ADV
ijtc-777	171	2	hypothesis	hypothesis	NOUN
ijtc-777	171	3	1	1	NUM
ijtc-777	171	4	is	be	AUX
ijtc-777	171	5	not	not	PART
ijtc-777	171	6	accepted	accept	VERB
ijtc-777	171	7	.	.	PUNCT
ijtc-777	172	1	this	this	DET
ijtc-777	172	2	result	result	NOUN
ijtc-777	172	3	is	be	AUX
ijtc-777	172	4	consistent	consistent	ADJ
ijtc-777	172	5	with	with	ADP
ijtc-777	172	6	the	the	DET
ijtc-777	172	7	study	study	NOUN
ijtc-777	172	8	by	by	ADP
ijtc-777	172	9	desai	desai	PROPN
ijtc-777	172	10	&	&	CCONJ
ijtc-777	172	11	dharmapala	dharmapala	PROPN
ijtc-777	172	12	(	(	PUNCT
ijtc-777	172	13	2009	2009	NUM
ijtc-777	172	14	)	)	PUNCT
ijtc-777	172	15	which	which	PRON
ijtc-777	172	16	stated	state	VERB
ijtc-777	172	17	that	that	SCONJ
ijtc-777	172	18	tax	tax	NOUN
ijtc-777	172	19	aggressiveness	aggressiveness	NOUN
ijtc-777	172	20	does	do	AUX
ijtc-777	172	21	not	not	PART
ijtc-777	172	22	affect	affect	VERB
ijtc-777	172	23	the	the	DET
ijtc-777	172	24	value	value	NOUN
ijtc-777	172	25	of	of	ADP
ijtc-777	172	26	the	the	DET
ijtc-777	172	27	company	company	NOUN
ijtc-777	172	28	.	.	PUNCT
ijtc-777	173	1	all	all	DET
ijtc-777	173	2	control	control	NOUN
ijtc-777	173	3	variables	variable	NOUN
ijtc-777	173	4	also	also	ADV
ijtc-777	173	5	affect	affect	VERB
ijtc-777	173	6	the	the	DET
ijtc-777	173	7	dependent	dependent	ADJ
ijtc-777	173	8	variable	variable	NOUN
ijtc-777	173	9	of	of	ADP
ijtc-777	173	10	company	company	NOUN
ijtc-777	173	11	value	value	NOUN
ijtc-777	173	12	.	.	PUNCT
ijtc-777	174	1	the	the	DET
ijtc-777	174	2	lev	lev	ADJ
ijtc-777	174	3	variable	variable	NOUN
ijtc-777	174	4	exerts	exert	VERB
ijtc-777	174	5	a	a	DET
ijtc-777	174	6	positive	positive	ADJ
ijtc-777	174	7	influence	influence	NOUN
ijtc-777	174	8	on	on	ADP
ijtc-777	174	9	the	the	DET
ijtc-777	174	10	variable	variable	ADJ
ijtc-777	174	11	value	value	NOUN
ijtc-777	174	12	of	of	ADP
ijtc-777	174	13	the	the	DET
ijtc-777	174	14	company	company	NOUN
ijtc-777	174	15	.	.	PUNCT
ijtc-777	175	1	the	the	DET
ijtc-777	175	2	findings	finding	NOUN
ijtc-777	175	3	indicate	indicate	VERB
ijtc-777	175	4	that	that	SCONJ
ijtc-777	175	5	public	public	ADJ
ijtc-777	175	6	companies	company	NOUN
ijtc-777	175	7	are	be	AUX
ijtc-777	175	8	able	able	ADJ
ijtc-777	175	9	to	to	PART
ijtc-777	175	10	manage	manage	VERB
ijtc-777	175	11	their	their	PRON
ijtc-777	175	12	liabilities	liability	NOUN
ijtc-777	175	13	properly	properly	ADV
ijtc-777	175	14	in	in	ADP
ijtc-777	175	15	which	which	PRON
ijtc-777	175	16	they	they	PRON
ijtc-777	175	17	use	use	VERB
ijtc-777	175	18	it	it	PRON
ijtc-777	175	19	to	to	PART
ijtc-777	175	20	buy	buy	VERB
ijtc-777	175	21	assets	asset	NOUN
ijtc-777	175	22	or	or	CCONJ
ijtc-777	175	23	to	to	PART
ijtc-777	175	24	finance	finance	VERB
ijtc-777	175	25	a	a	DET
ijtc-777	175	26	productive	productive	ADJ
ijtc-777	175	27	investment	investment	NOUN
ijtc-777	175	28	which	which	PRON
ijtc-777	175	29	is	be	AUX
ijtc-777	175	30	expected	expect	VERB
ijtc-777	175	31	to	to	PART
ijtc-777	175	32	have	have	VERB
ijtc-777	175	33	a	a	DET
ijtc-777	175	34	positive	positive	ADJ
ijtc-777	175	35	influence	influence	NOUN
ijtc-777	175	36	on	on	ADP
ijtc-777	175	37	increasing	increase	VERB
ijtc-777	175	38	profitability	profitability	NOUN
ijtc-777	175	39	,	,	PUNCT
ijtc-777	175	40	thus	thus	ADV
ijtc-777	175	41	it	it	PRON
ijtc-777	175	42	ultimately	ultimately	ADV
ijtc-777	175	43	affects	affect	VERB
ijtc-777	175	44	the	the	DET
ijtc-777	175	45	increase	increase	NOUN
ijtc-777	175	46	in	in	ADP
ijtc-777	175	47	company	company	NOUN
ijtc-777	175	48	value	value	NOUN
ijtc-777	175	49	.	.	PUNCT
ijtc-777	176	1	the	the	DET
ijtc-777	176	2	relationship	relationship	NOUN
ijtc-777	176	3	of	of	ADP
ijtc-777	176	4	the	the	DET
ijtc-777	176	5	control	control	NOUN
ijtc-777	176	6	variables	variable	NOUN
ijtc-777	176	7	of	of	ADP
ijtc-777	176	8	roa	roa	PROPN
ijtc-777	176	9	and	and	CCONJ
ijtc-777	176	10	the	the	DET
ijtc-777	176	11	company	company	NOUN
ijtc-777	176	12	value	value	NOUN
ijtc-777	176	13	is	be	AUX
ijtc-777	176	14	both	both	PRON
ijtc-777	176	15	positive	positive	ADJ
ijtc-777	176	16	and	and	CCONJ
ijtc-777	176	17	significant	significant	ADJ
ijtc-777	176	18	.	.	PUNCT
ijtc-777	177	1	roa	roa	PROPN
ijtc-777	177	2	is	be	AUX
ijtc-777	177	3	the	the	DET
ijtc-777	177	4	most	most	ADV
ijtc-777	177	5	important	important	ADJ
ijtc-777	177	6	ratio	ratio	NOUN
ijtc-777	177	7	among	among	ADP
ijtc-777	177	8	other	other	ADJ
ijtc-777	177	9	profitability	profitability	NOUN
ijtc-777	177	10	ratios	ratio	NOUN
ijtc-777	177	11	and	and	CCONJ
ijtc-777	177	12	is	be	AUX
ijtc-777	177	13	a	a	DET
ijtc-777	177	14	technique	technique	NOUN
ijtc-777	177	15	commonly	commonly	ADV
ijtc-777	177	16	used	use	VERB
ijtc-777	177	17	to	to	PART
ijtc-777	177	18	measure	measure	VERB
ijtc-777	177	19	the	the	DET
ijtc-777	177	20	effectiveness	effectiveness	NOUN
ijtc-777	177	21	of	of	ADP
ijtc-777	177	22	a	a	DET
ijtc-777	177	23	company	company	NOUN
ijtc-777	177	24	's	's	PART
ijtc-777	177	25	overall	overall	ADJ
ijtc-777	177	26	operations	operation	NOUN
ijtc-777	177	27	.	.	PUNCT
ijtc-777	178	1	roa	roa	PROPN
ijtc-777	178	2	can	can	AUX
ijtc-777	178	3	measure	measure	VERB
ijtc-777	178	4	management	management	NOUN
ijtc-777	178	5	efficiency	efficiency	NOUN
ijtc-777	178	6	in	in	ADP
ijtc-777	178	7	using	use	VERB
ijtc-777	178	8	the	the	DET
ijtc-777	178	9	assets	asset	NOUN
ijtc-777	178	10	,	,	PUNCT
ijtc-777	178	11	where	where	SCONJ
ijtc-777	178	12	a	a	DET
ijtc-777	178	13	company	company	NOUN
ijtc-777	178	14	has	have	VERB
ijtc-777	178	15	to	to	PART
ijtc-777	178	16	earn	earn	VERB
ijtc-777	178	17	income	income	NOUN
ijtc-777	178	18	and	and	CCONJ
ijtc-777	178	19	profit	profit	NOUN
ijtc-777	178	20	.	.	PUNCT
ijtc-777	179	1	size	size	NOUN
ijtc-777	179	2	has	have	VERB
ijtc-777	179	3	a	a	DET
ijtc-777	179	4	negative	negative	ADJ
ijtc-777	179	5	influence	influence	NOUN
ijtc-777	179	6	on	on	ADP
ijtc-777	179	7	company	company	NOUN
ijtc-777	179	8	value	value	NOUN
ijtc-777	179	9	,	,	PUNCT
ijtc-777	179	10	thus	thus	ADV
ijtc-777	179	11	,	,	PUNCT
ijtc-777	179	12	the	the	DET
ijtc-777	179	13	findings	finding	NOUN
ijtc-777	179	14	do	do	AUX
ijtc-777	179	15	not	not	PART
ijtc-777	179	16	match	match	VERB
ijtc-777	179	17	the	the	DET
ijtc-777	179	18	initial	initial	ADJ
ijtc-777	179	19	prediction	prediction	NOUN
ijtc-777	179	20	of	of	ADP
ijtc-777	179	21	the	the	DET
ijtc-777	179	22	study	study	NOUN
ijtc-777	179	23	stating	state	VERB
ijtc-777	179	24	that	that	SCONJ
ijtc-777	179	25	the	the	DET
ijtc-777	179	26	size	size	NOUN
ijtc-777	179	27	of	of	ADP
ijtc-777	179	28	the	the	DET
ijtc-777	179	29	company	company	NOUN
ijtc-777	179	30	will	will	AUX
ijtc-777	179	31	be	be	AUX
ijtc-777	179	32	directly	directly	ADV
ijtc-777	179	33	proportional	proportional	ADJ
ijtc-777	179	34	to	to	ADP
ijtc-777	179	35	the	the	DET
ijtc-777	179	36	value	value	NOUN
ijtc-777	179	37	of	of	ADP
ijtc-777	179	38	the	the	DET
ijtc-777	179	39	company	company	NOUN
ijtc-777	179	40	.	.	PUNCT
ijtc-777	180	1	this	this	DET
ijtc-777	180	2	result	result	NOUN
ijtc-777	180	3	indicates	indicate	VERB
ijtc-777	180	4	a	a	DET
ijtc-777	180	5	negative	negative	ADJ
ijtc-777	180	6	response	response	NOUN
ijtc-777	180	7	from	from	ADP
ijtc-777	180	8	investors	investor	NOUN
ijtc-777	180	9	or	or	CCONJ
ijtc-777	180	10	potential	potential	ADJ
ijtc-777	180	11	investors	investor	NOUN
ijtc-777	180	12	to	to	ADP
ijtc-777	180	13	issuers	issuer	NOUN
ijtc-777	180	14	with	with	ADP
ijtc-777	180	15	a	a	DET
ijtc-777	180	16	significant	significant	ADJ
ijtc-777	180	17	size	size	NOUN
ijtc-777	180	18	as	as	SCONJ
ijtc-777	180	19	seen	see	VERB
ijtc-777	180	20	from	from	ADP
ijtc-777	180	21	the	the	DET
ijtc-777	180	22	total	total	ADJ
ijtc-777	180	23	amount	amount	NOUN
ijtc-777	180	24	of	of	ADP
ijtc-777	180	25	assets	asset	NOUN
ijtc-777	180	26	.	.	PUNCT
ijtc-777	181	1	(	(	PUNCT
ijtc-777	181	2	jensen	jensen	PROPN
ijtc-777	181	3	&	&	CCONJ
ijtc-777	181	4	;	;	PUNCT
ijtc-777	181	5	meckling	meckling	NOUN
ijtc-777	181	6	,	,	PUNCT
ijtc-777	181	7	1976	1976	NUM
ijtc-777	181	8	)	)	PUNCT
ijtc-777	181	9	implied	imply	VERB
ijtc-777	181	10	that	that	SCONJ
ijtc-777	181	11	investors	investor	NOUN
ijtc-777	181	12	do	do	AUX
ijtc-777	181	13	not	not	PART
ijtc-777	181	14	have	have	VERB
ijtc-777	181	15	the	the	DET
ijtc-777	181	16	need	need	NOUN
ijtc-777	181	17	to	to	PART
ijtc-777	181	18	supervise	supervise	VERB
ijtc-777	181	19	operational	operational	ADJ
ijtc-777	181	20	activities	activity	NOUN
ijtc-777	181	21	and	and	CCONJ
ijtc-777	181	22	strategies	strategy	NOUN
ijtc-777	181	23	by	by	ADP
ijtc-777	181	24	management	management	NOUN
ijtc-777	181	25	if	if	SCONJ
ijtc-777	181	26	the	the	DET
ijtc-777	181	27	companies	company	NOUN
ijtc-777	181	28	are	be	AUX
ijtc-777	181	29	too	too	ADV
ijtc-777	181	30	big	big	ADJ
ijtc-777	181	31	,	,	PUNCT
ijtc-777	181	32	as	as	SCONJ
ijtc-777	181	33	more	more	ADV
ijtc-777	181	34	serious	serious	ADJ
ijtc-777	181	35	conflicts	conflict	NOUN
ijtc-777	181	36	triggered	trigger	VERB
ijtc-777	181	37	by	by	ADP
ijtc-777	181	38	the	the	DET
ijtc-777	181	39	differences	difference	NOUN
ijtc-777	181	40	in	in	ADP
ijtc-777	181	41	interests	interest	NOUN
ijtc-777	181	42	between	between	ADP
ijtc-777	181	43	the	the	DET
ijtc-777	181	44	managers	manager	NOUN
ijtc-777	181	45	and	and	CCONJ
ijtc-777	181	46	the	the	DET
ijtc-777	181	47	company	company	NOUN
ijtc-777	181	48	owners	owner	NOUN
ijtc-777	181	49	may	may	AUX
ijtc-777	181	50	occur	occur	VERB
ijtc-777	181	51	.	.	PUNCT
ijtc-777	182	1	in	in	ADP
ijtc-777	182	2	addition	addition	NOUN
ijtc-777	182	3	,	,	PUNCT
ijtc-777	182	4	if	if	SCONJ
ijtc-777	182	5	the	the	DET
ijtc-777	182	6	company	company	NOUN
ijtc-777	182	7	has	have	VERB
ijtc-777	182	8	a	a	DET
ijtc-777	182	9	relatively	relatively	ADV
ijtc-777	182	10	significant	significant	ADJ
ijtc-777	182	11	amount	amount	NOUN
ijtc-777	182	12	of	of	ADP
ijtc-777	182	13	total	total	ADJ
ijtc-777	182	14	assets	asset	NOUN
ijtc-777	182	15	,	,	PUNCT
ijtc-777	182	16	there	there	PRON
ijtc-777	182	17	will	will	AUX
ijtc-777	182	18	be	be	AUX
ijtc-777	182	19	a	a	DET
ijtc-777	182	20	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-777	182	21	the	the	DET
ijtc-777	182	22	moderation	moderation	NOUN
ijtc-777	182	23	role	role	NOUN
ijtc-777	182	24	of	of	ADP
ijtc-777	182	25	tax	tax	NOUN
ijtc-777	182	26	rate	rate	NOUN
ijtc-777	182	27	reduction	reduction	NOUN
ijtc-777	182	28	and	and	CCONJ
ijtc-777	182	29	state	state	NOUN
ijtc-777	182	30	ownership	ownership	NOUN
ijtc-777	182	31	status	status	NOUN
ijtc-777	182	32	in	in	ADP
ijtc-777	182	33	the	the	DET
ijtc-777	182	34	effect	effect	NOUN
ijtc-777	182	35	of	of	ADP
ijtc-777	182	36	tax	tax	NOUN
ijtc-777	182	37	aggresiveness	aggresiveness	NOUN
ijtc-777	182	38	on	on	ADP
ijtc-777	182	39	company	company	NOUN
ijtc-777	182	40	value	value	NOUN
ijtc-777	182	41	ardhi	ardhi	NOUN
ijtc-777	182	42	and	and	CCONJ
ijtc-777	182	43	lubis	lubi	VERB
ijtc-777	182	44	462	462	NUM
ijtc-777	182	45	|	|	ADV
ijtc-777	182	46	ilomata	ilomata	VERB
ijtc-777	182	47	international	international	ADJ
ijtc-777	182	48	journal	journal	NOUN
ijtc-777	182	49	of	of	ADP
ijtc-777	182	50	tax	tax	PROPN
ijtc-777	182	51	&	&	CCONJ
ijtc-777	182	52	accounting	accounting	PROPN
ijtc-777	182	53	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-777	182	54	flexibility	flexibility	NOUN
ijtc-777	182	55	in	in	ADP
ijtc-777	182	56	the	the	DET
ijtc-777	182	57	management	management	NOUN
ijtc-777	182	58	’s	’	VERB
ijtc-777	182	59	utilizing	utilize	VERB
ijtc-777	182	60	the	the	DET
ijtc-777	182	61	assets	asset	NOUN
ijtc-777	182	62	when	when	SCONJ
ijtc-777	182	63	the	the	DET
ijtc-777	182	64	situation	situation	NOUN
ijtc-777	182	65	permits	permit	VERB
ijtc-777	182	66	,	,	PUNCT
ijtc-777	182	67	consequently	consequently	ADV
ijtc-777	182	68	such	such	ADJ
ijtc-777	182	69	conduct	conduct	NOUN
ijtc-777	182	70	will	will	AUX
ijtc-777	182	71	ultimately	ultimately	ADV
ijtc-777	182	72	reduce	reduce	VERB
ijtc-777	182	73	the	the	DET
ijtc-777	182	74	value	value	NOUN
ijtc-777	182	75	of	of	ADP
ijtc-777	182	76	the	the	DET
ijtc-777	182	77	company	company	NOUN
ijtc-777	182	78	.	.	PUNCT
ijtc-777	183	1	tax	tax	NOUN
ijtc-777	183	2	aggressiveness	aggressiveness	NOUN
ijtc-777	183	3	,	,	PUNCT
ijtc-777	183	4	tax	tax	NOUN
ijtc-777	183	5	rate	rate	NOUN
ijtc-777	183	6	reduction	reduction	NOUN
ijtc-777	183	7	and	and	CCONJ
ijtc-777	183	8	firm	firm	ADJ
ijtc-777	183	9	value	value	NOUN
ijtc-777	183	10	based	base	VERB
ijtc-777	183	11	on	on	ADP
ijtc-777	183	12	the	the	DET
ijtc-777	183	13	findings	finding	NOUN
ijtc-777	183	14	of	of	ADP
ijtc-777	183	15	the	the	DET
ijtc-777	183	16	panel	panel	NOUN
ijtc-777	183	17	data	datum	NOUN
ijtc-777	183	18	regression	regression	NOUN
ijtc-777	183	19	analysis	analysis	NOUN
ijtc-777	183	20	test	test	NOUN
ijtc-777	183	21	,	,	PUNCT
ijtc-777	183	22	the	the	DET
ijtc-777	183	23	equation	equation	NOUN
ijtc-777	183	24	model	model	NOUN
ijtc-777	183	25	between	between	ADP
ijtc-777	183	26	variables	variable	NOUN
ijtc-777	183	27	can	can	AUX
ijtc-777	183	28	be	be	AUX
ijtc-777	183	29	formed	form	VERB
ijtc-777	183	30	as	as	SCONJ
ijtc-777	183	31	follows	follow	VERB
ijtc-777	183	32	:	:	PUNCT
ijtc-777	183	33	model	model	NOUN
ijtc-777	183	34	2	2	NUM
ijtc-777	183	35	:	:	PUNCT
ijtc-777	183	36	q	q	X
ijtc-777	183	37	=	=	PUNCT
ijtc-777	183	38	8,5103	8,5103	NUM
ijtc-777	184	1	+	+	SYM
ijtc-777	184	2	0,0674etr	0,0674etr	NUM
ijtc-777	184	3	+	+	CCONJ
ijtc-777	184	4	0,0182trc_d	0,0182trc_d	NUM
ijtc-777	185	1	+	+	CCONJ
ijtc-777	185	2	0,0020(etr*trc_d	0,0020(etr*trc_d	NUM
ijtc-777	185	3	)	)	PUNCT
ijtc-777	186	1	+	+	CCONJ
ijtc-777	186	2	0,3116lev	0,3116lev	NOUN
ijtc-777	186	3	–	–	PUNCT
ijtc-777	186	4	2,745size	2,745size	NUM
ijtc-777	186	5	+	+	SYM
ijtc-777	186	6	1,4339roa	1,4339roa	NUM
ijtc-777	186	7	+	+	CCONJ
ijtc-777	186	8	ε	ε	X
ijtc-777	186	9	by	by	ADP
ijtc-777	186	10	including	include	VERB
ijtc-777	186	11	the	the	DET
ijtc-777	186	12	dummy	dummy	ADJ
ijtc-777	186	13	variables	variable	NOUN
ijtc-777	186	14	of	of	ADP
ijtc-777	186	15	tax	tax	NOUN
ijtc-777	186	16	rate	rate	NOUN
ijtc-777	186	17	reduction	reduction	NOUN
ijtc-777	186	18	(	(	PUNCT
ijtc-777	186	19	trc	trc	PROPN
ijtc-777	186	20	)	)	PUNCT
ijtc-777	186	21	and	and	CCONJ
ijtc-777	186	22	its	its	PRON
ijtc-777	186	23	interaction	interaction	NOUN
ijtc-777	186	24	(	(	PUNCT
ijtc-777	186	25	etr*trc	etr*trc	PROPN
ijtc-777	186	26	)	)	PUNCT
ijtc-777	186	27	,	,	PUNCT
ijtc-777	186	28	the	the	DET
ijtc-777	186	29	f	f	NOUN
ijtc-777	186	30	-	-	PUNCT
ijtc-777	186	31	stat	stat	PROPN
ijtc-777	186	32	test	test	NOUN
ijtc-777	186	33	results	result	NOUN
ijtc-777	186	34	show	show	VERB
ijtc-777	186	35	a	a	DET
ijtc-777	186	36	value	value	NOUN
ijtc-777	186	37	of	of	ADP
ijtc-777	186	38	17.88	17.88	NUM
ijtc-777	186	39	and	and	CCONJ
ijtc-777	186	40	a	a	DET
ijtc-777	186	41	probability	probability	NOUN
ijtc-777	186	42	of	of	ADP
ijtc-777	186	43	0.0000	0.0000	NUM
ijtc-777	186	44	%	%	NOUN
ijtc-777	186	45	.	.	PUNCT
ijtc-777	187	1	based	base	VERB
ijtc-777	187	2	on	on	ADP
ijtc-777	187	3	these	these	DET
ijtc-777	187	4	results	result	NOUN
ijtc-777	187	5	,	,	PUNCT
ijtc-777	187	6	the	the	DET
ijtc-777	187	7	regression	regression	NOUN
ijtc-777	187	8	model	model	NOUN
ijtc-777	187	9	can	can	AUX
ijtc-777	187	10	describe	describe	VERB
ijtc-777	187	11	the	the	DET
ijtc-777	187	12	simultaneous	simultaneous	ADJ
ijtc-777	187	13	influence	influence	NOUN
ijtc-777	187	14	of	of	ADP
ijtc-777	187	15	the	the	DET
ijtc-777	187	16	independent	independent	ADJ
ijtc-777	187	17	variable	variable	NOUN
ijtc-777	187	18	and	and	CCONJ
ijtc-777	187	19	control	control	NOUN
ijtc-777	187	20	on	on	ADP
ijtc-777	187	21	the	the	DET
ijtc-777	187	22	dependent	dependent	ADJ
ijtc-777	187	23	variable	variable	NOUN
ijtc-777	187	24	.	.	PUNCT
ijtc-777	188	1	the	the	DET
ijtc-777	188	2	results	result	NOUN
ijtc-777	188	3	also	also	ADV
ijtc-777	188	4	suggest	suggest	VERB
ijtc-777	188	5	the	the	DET
ijtc-777	188	6	t	t	NOUN
ijtc-777	188	7	-	-	PUNCT
ijtc-777	188	8	stat	stat	NOUN
ijtc-777	188	9	value	value	NOUN
ijtc-777	188	10	to	to	PART
ijtc-777	188	11	test	test	VERB
ijtc-777	188	12	a	a	DET
ijtc-777	188	13	research	research	NOUN
ijtc-777	188	14	hypotheses	hypothesis	NOUN
ijtc-777	188	15	.	.	PUNCT
ijtc-777	189	1	the	the	DET
ijtc-777	189	2	adjusted	adjust	VERB
ijtc-777	189	3	r2	r2	NOUN
ijtc-777	189	4	value	value	NOUN
ijtc-777	189	5	of	of	ADP
ijtc-777	189	6	the	the	DET
ijtc-777	189	7	regression	regression	NOUN
ijtc-777	189	8	model	model	NOUN
ijtc-777	189	9	was	be	AUX
ijtc-777	189	10	82.27	82.27	NUM
ijtc-777	189	11	%	%	NOUN
ijtc-777	189	12	.	.	PUNCT
ijtc-777	190	1	from	from	ADP
ijtc-777	190	2	the	the	DET
ijtc-777	190	3	adjusted	adjust	VERB
ijtc-777	190	4	value	value	NOUN
ijtc-777	190	5	of	of	ADP
ijtc-777	190	6	r2	r2	PROPN
ijtc-777	190	7	it	it	PRON
ijtc-777	190	8	can	can	AUX
ijtc-777	190	9	be	be	AUX
ijtc-777	190	10	concluded	conclude	VERB
ijtc-777	190	11	that	that	SCONJ
ijtc-777	190	12	about	about	ADP
ijtc-777	190	13	82.27	82.27	NUM
ijtc-777	190	14	%	%	NOUN
ijtc-777	190	15	of	of	ADP
ijtc-777	190	16	the	the	DET
ijtc-777	190	17	variation	variation	NOUN
ijtc-777	190	18	of	of	ADP
ijtc-777	190	19	the	the	DET
ijtc-777	190	20	variable	variable	NOUN
ijtc-777	190	21	q	q	NOUN
ijtc-777	190	22	can	can	AUX
ijtc-777	190	23	be	be	AUX
ijtc-777	190	24	explained	explain	VERB
ijtc-777	190	25	by	by	ADP
ijtc-777	190	26	the	the	DET
ijtc-777	190	27	etr	etr	PROPN
ijtc-777	190	28	variable	variable	NOUN
ijtc-777	190	29	and	and	CCONJ
ijtc-777	190	30	the	the	DET
ijtc-777	190	31	control	control	NOUN
ijtc-777	190	32	variable	variable	NOUN
ijtc-777	190	33	(	(	PUNCT
ijtc-777	190	34	lev	lev	NOUN
ijtc-777	190	35	,	,	PUNCT
ijtc-777	190	36	roa	roa	NOUN
ijtc-777	190	37	,	,	PUNCT
ijtc-777	190	38	size	size	NOUN
ijtc-777	190	39	)	)	PUNCT
ijtc-777	190	40	in	in	ADP
ijtc-777	190	41	the	the	DET
ijtc-777	190	42	model	model	NOUN
ijtc-777	190	43	simultaneously	simultaneously	ADV
ijtc-777	190	44	.	.	PUNCT
ijtc-777	191	1	the	the	DET
ijtc-777	191	2	remaining	remain	VERB
ijtc-777	191	3	17.73	17.73	NUM
ijtc-777	191	4	%	%	NOUN
ijtc-777	191	5	was	be	AUX
ijtc-777	191	6	not	not	PART
ijtc-777	191	7	explained	explain	VERB
ijtc-777	191	8	by	by	ADP
ijtc-777	191	9	the	the	DET
ijtc-777	191	10	research	research	NOUN
ijtc-777	191	11	variables	variable	NOUN
ijtc-777	191	12	but	but	CCONJ
ijtc-777	191	13	other	other	ADJ
ijtc-777	191	14	variables	variable	NOUN
ijtc-777	191	15	that	that	PRON
ijtc-777	191	16	did	do	AUX
ijtc-777	191	17	not	not	PART
ijtc-777	191	18	fit	fit	VERB
ijtc-777	191	19	the	the	DET
ijtc-777	191	20	model	model	NOUN
ijtc-777	191	21	as	as	SCONJ
ijtc-777	191	22	shown	show	VERB
ijtc-777	191	23	in	in	ADP
ijtc-777	191	24	table	table	NOUN
ijtc-777	191	25	below	below	ADV
ijtc-777	191	26	:	:	PUNCT
ijtc-777	191	27	table	table	NOUN
ijtc-777	191	28	4	4	NUM
ijtc-777	191	29	.	.	PUNCT
ijtc-777	192	1	regression	regression	NOUN
ijtc-777	192	2	output	output	NOUN
ijtc-777	192	3	source	source	NOUN
ijtc-777	192	4	:	:	PUNCT
ijtc-777	192	5	data	datum	NOUN
ijtc-777	192	6	processing	process	VERB
ijtc-777	192	7	a	a	DET
ijtc-777	192	8	number	number	NOUN
ijtc-777	192	9	of	of	ADP
ijtc-777	192	10	previous	previous	ADJ
ijtc-777	192	11	studies	study	NOUN
ijtc-777	192	12	outside	outside	ADP
ijtc-777	192	13	indonesia	indonesia	PROPN
ijtc-777	192	14	did	do	AUX
ijtc-777	192	15	not	not	PART
ijtc-777	192	16	specifically	specifically	ADV
ijtc-777	192	17	measure	measure	VERB
ijtc-777	192	18	the	the	DET
ijtc-777	192	19	relationship	relationship	NOUN
ijtc-777	192	20	between	between	ADP
ijtc-777	192	21	the	the	DET
ijtc-777	192	22	changes	change	NOUN
ijtc-777	192	23	and	and	CCONJ
ijtc-777	192	24	the	the	DET
ijtc-777	192	25	decrease	decrease	NOUN
ijtc-777	192	26	in	in	ADP
ijtc-777	192	27	tax	tax	NOUN
ijtc-777	192	28	rates	rate	NOUN
ijtc-777	192	29	and	and	CCONJ
ijtc-777	192	30	tax	tax	NOUN
ijtc-777	192	31	aggressiveness	aggressiveness	NOUN
ijtc-777	192	32	,	,	PUNCT
ijtc-777	192	33	but	but	CCONJ
ijtc-777	192	34	guenther	guenther	PROPN
ijtc-777	192	35	(	(	PUNCT
ijtc-777	192	36	1994	1994	NUM
ijtc-777	192	37	)	)	PUNCT
ijtc-777	192	38	found	find	VERB
ijtc-777	192	39	that	that	SCONJ
ijtc-777	192	40	there	there	PRON
ijtc-777	192	41	were	be	VERB
ijtc-777	192	42	companies	company	NOUN
ijtc-777	192	43	having	having	AUX
ijtc-777	192	44	carried	carry	VERB
ijtc-777	192	45	out	out	ADP
ijtc-777	192	46	profit	profit	NOUN
ijtc-777	192	47	management	management	NOUN
ijtc-777	192	48	in	in	ADP
ijtc-777	192	49	response	response	NOUN
ijtc-777	192	50	to	to	ADP
ijtc-777	192	51	the	the	DET
ijtc-777	192	52	1986	1986	NUM
ijtc-777	192	53	tax	tax	NOUN
ijtc-777	192	54	reform	reform	NOUN
ijtc-777	192	55	in	in	ADP
ijtc-777	192	56	the	the	DET
ijtc-777	192	57	united	united	PROPN
ijtc-777	192	58	states	states	PROPN
ijtc-777	192	59	.	.	PUNCT
ijtc-777	193	1	after	after	ADP
ijtc-777	193	2	10	10	NUM
ijtc-777	193	3	years	year	NOUN
ijtc-777	193	4	,	,	PUNCT
ijtc-777	193	5	yin	yin	PROPN
ijtc-777	193	6	&	&	CCONJ
ijtc-777	193	7	cheng	cheng	PROPN
ijtc-777	193	8	(	(	PUNCT
ijtc-777	193	9	2004	2004	NUM
ijtc-777	193	10	)	)	PUNCT
ijtc-777	193	11	also	also	ADV
ijtc-777	193	12	conducted	conduct	VERB
ijtc-777	193	13	tests	test	NOUN
ijtc-777	193	14	in	in	ADP
ijtc-777	193	15	the	the	DET
ijtc-777	193	16	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-777	193	17	the	the	DET
ijtc-777	193	18	moderation	moderation	NOUN
ijtc-777	193	19	role	role	NOUN
ijtc-777	193	20	of	of	ADP
ijtc-777	193	21	tax	tax	NOUN
ijtc-777	193	22	rate	rate	NOUN
ijtc-777	193	23	reduction	reduction	NOUN
ijtc-777	193	24	and	and	CCONJ
ijtc-777	193	25	state	state	NOUN
ijtc-777	193	26	ownership	ownership	NOUN
ijtc-777	193	27	status	status	NOUN
ijtc-777	193	28	in	in	ADP
ijtc-777	193	29	the	the	DET
ijtc-777	193	30	effect	effect	NOUN
ijtc-777	193	31	of	of	ADP
ijtc-777	193	32	tax	tax	NOUN
ijtc-777	193	33	aggresiveness	aggresiveness	NOUN
ijtc-777	193	34	on	on	ADP
ijtc-777	193	35	company	company	NOUN
ijtc-777	193	36	value	value	NOUN
ijtc-777	193	37	ardhi	ardhi	NOUN
ijtc-777	193	38	and	and	CCONJ
ijtc-777	193	39	lubis	lubi	VERB
ijtc-777	193	40	463	463	NUM
ijtc-777	193	41	|	|	ADV
ijtc-777	193	42	ilomata	ilomata	PROPN
ijtc-777	193	43	international	international	ADJ
ijtc-777	193	44	journal	journal	NOUN
ijtc-777	193	45	of	of	ADP
ijtc-777	193	46	tax	tax	PROPN
ijtc-777	193	47	&	&	CCONJ
ijtc-777	193	48	accounting	accounting	PROPN
ijtc-777	193	49	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-777	193	50	united	united	PROPN
ijtc-777	193	51	states	state	NOUN
ijtc-777	193	52	related	relate	VERB
ijtc-777	193	53	to	to	ADP
ijtc-777	193	54	profit	profit	NOUN
ijtc-777	193	55	management	management	NOUN
ijtc-777	193	56	and	and	CCONJ
ijtc-777	193	57	tariff	tariff	NOUN
ijtc-777	193	58	reduction	reduction	NOUN
ijtc-777	193	59	.	.	PUNCT
ijtc-777	194	1	the	the	DET
ijtc-777	194	2	results	result	NOUN
ijtc-777	194	3	of	of	ADP
ijtc-777	194	4	the	the	DET
ijtc-777	194	5	study	study	NOUN
ijtc-777	194	6	found	find	VERB
ijtc-777	194	7	that	that	SCONJ
ijtc-777	194	8	entities	entity	NOUN
ijtc-777	194	9	with	with	ADP
ijtc-777	194	10	profits	profit	NOUN
ijtc-777	194	11	are	be	AUX
ijtc-777	194	12	more	more	ADV
ijtc-777	194	13	interested	interested	ADJ
ijtc-777	194	14	in	in	ADP
ijtc-777	194	15	carrying	carry	VERB
ijtc-777	194	16	out	out	ADP
ijtc-777	194	17	profit	profit	NOUN
ijtc-777	194	18	management	management	NOUN
ijtc-777	194	19	than	than	ADP
ijtc-777	194	20	entities	entity	NOUN
ijtc-777	194	21	with	with	ADP
ijtc-777	194	22	a	a	DET
ijtc-777	194	23	considerable	considerable	ADJ
ijtc-777	194	24	loss	loss	NOUN
ijtc-777	194	25	.	.	PUNCT
ijtc-777	195	1	the	the	DET
ijtc-777	195	2	results	result	NOUN
ijtc-777	195	3	of	of	ADP
ijtc-777	195	4	the	the	DET
ijtc-777	195	5	regression	regression	NOUN
ijtc-777	195	6	model	model	NOUN
ijtc-777	195	7	through	through	ADP
ijtc-777	195	8	the	the	DET
ijtc-777	195	9	probability	probability	NOUN
ijtc-777	195	10	results	result	NOUN
ijtc-777	195	11	of	of	ADP
ijtc-777	195	12	t	t	PROPN
ijtc-777	195	13	-	-	PUNCT
ijtc-777	195	14	stat	stat	NOUN
ijtc-777	195	15	found	find	VERB
ijtc-777	195	16	that	that	SCONJ
ijtc-777	195	17	the	the	DET
ijtc-777	195	18	decrease	decrease	NOUN
ijtc-777	195	19	in	in	ADP
ijtc-777	195	20	tax	tax	NOUN
ijtc-777	195	21	rates	rate	NOUN
ijtc-777	195	22	had	have	VERB
ijtc-777	195	23	a	a	DET
ijtc-777	195	24	significant	significant	ADJ
ijtc-777	195	25	effect	effect	NOUN
ijtc-777	195	26	(	(	PUNCT
ijtc-777	195	27	0.3072	0.3072	NUM
ijtc-777	195	28	)	)	PUNCT
ijtc-777	195	29	on	on	ADP
ijtc-777	195	30	the	the	DET
ijtc-777	195	31	relationship	relationship	NOUN
ijtc-777	195	32	between	between	ADP
ijtc-777	195	33	tax	tax	NOUN
ijtc-777	195	34	aggressiveness	aggressiveness	NOUN
ijtc-777	195	35	and	and	CCONJ
ijtc-777	195	36	company	company	NOUN
ijtc-777	195	37	value	value	NOUN
ijtc-777	195	38	,	,	PUNCT
ijtc-777	195	39	therefore	therefore	ADV
ijtc-777	195	40	the	the	DET
ijtc-777	195	41	second	second	ADJ
ijtc-777	195	42	hypothesis	hypothesis	NOUN
ijtc-777	195	43	was	be	AUX
ijtc-777	195	44	rejected	reject	VERB
ijtc-777	195	45	.	.	PUNCT
ijtc-777	196	1	the	the	DET
ijtc-777	196	2	research	research	NOUN
ijtc-777	196	3	findings	finding	NOUN
ijtc-777	196	4	are	be	AUX
ijtc-777	196	5	not	not	PART
ijtc-777	196	6	in	in	ADP
ijtc-777	196	7	line	line	NOUN
ijtc-777	196	8	with	with	ADP
ijtc-777	196	9	the	the	DET
ijtc-777	196	10	previous	previous	ADJ
ijtc-777	196	11	studies	study	NOUN
ijtc-777	196	12	that	that	PRON
ijtc-777	196	13	examined	examine	VERB
ijtc-777	196	14	the	the	DET
ijtc-777	196	15	effect	effect	NOUN
ijtc-777	196	16	of	of	ADP
ijtc-777	196	17	tax	tax	NOUN
ijtc-777	196	18	rate	rate	NOUN
ijtc-777	196	19	changes	change	NOUN
ijtc-777	196	20	on	on	ADP
ijtc-777	196	21	the	the	DET
ijtc-777	196	22	relationship	relationship	NOUN
ijtc-777	196	23	between	between	ADP
ijtc-777	196	24	tax	tax	NOUN
ijtc-777	196	25	aggressiveness	aggressiveness	NOUN
ijtc-777	196	26	and	and	CCONJ
ijtc-777	196	27	financial	financial	ADJ
ijtc-777	196	28	statement	statement	NOUN
ijtc-777	196	29	aggressiveness	aggressiveness	NOUN
ijtc-777	196	30	conducted	conduct	VERB
ijtc-777	196	31	by	by	ADP
ijtc-777	196	32	frista	frista	NOUN
ijtc-777	196	33	(	(	PUNCT
ijtc-777	196	34	2018	2018	NUM
ijtc-777	196	35	)	)	PUNCT
ijtc-777	196	36	,	,	PUNCT
ijtc-777	196	37	stating	state	VERB
ijtc-777	196	38	that	that	SCONJ
ijtc-777	196	39	a	a	DET
ijtc-777	196	40	changing	change	VERB
ijtc-777	196	41	in	in	ADP
ijtc-777	196	42	the	the	DET
ijtc-777	196	43	tax	tax	NOUN
ijtc-777	196	44	rate	rate	NOUN
ijtc-777	196	45	to	to	ADP
ijtc-777	196	46	a	a	DET
ijtc-777	196	47	fixed	fix	VERB
ijtc-777	196	48	rate	rate	NOUN
ijtc-777	196	49	from	from	ADP
ijtc-777	196	50	the	the	DET
ijtc-777	196	51	previous	previous	ADJ
ijtc-777	196	52	progressive	progressive	ADJ
ijtc-777	196	53	rate	rate	NOUN
ijtc-777	196	54	in	in	ADP
ijtc-777	196	55	2009	2009	NUM
ijtc-777	196	56	affected	affect	VERB
ijtc-777	196	57	the	the	DET
ijtc-777	196	58	decrease	decrease	NOUN
ijtc-777	196	59	in	in	ADP
ijtc-777	196	60	corporate	corporate	ADJ
ijtc-777	196	61	tax	tax	NOUN
ijtc-777	196	62	aggressiveness	aggressiveness	NOUN
ijtc-777	196	63	.	.	PUNCT
ijtc-777	197	1	in	in	ADP
ijtc-777	197	2	moderation	moderation	NOUN
ijtc-777	197	3	,	,	PUNCT
ijtc-777	197	4	the	the	DET
ijtc-777	197	5	testing	testing	NOUN
ijtc-777	197	6	of	of	ADP
ijtc-777	197	7	tax	tax	NOUN
ijtc-777	197	8	rate	rate	NOUN
ijtc-777	197	9	reduction	reduction	NOUN
ijtc-777	197	10	does	do	AUX
ijtc-777	197	11	not	not	PART
ijtc-777	197	12	alter	alter	VERB
ijtc-777	197	13	the	the	DET
ijtc-777	197	14	consistency	consistency	NOUN
ijtc-777	197	15	of	of	ADP
ijtc-777	197	16	the	the	DET
ijtc-777	197	17	contribution	contribution	NOUN
ijtc-777	197	18	of	of	ADP
ijtc-777	197	19	control	control	NOUN
ijtc-777	197	20	variables	variable	NOUN
ijtc-777	197	21	that	that	PRON
ijtc-777	197	22	affect	affect	VERB
ijtc-777	197	23	company	company	NOUN
ijtc-777	197	24	value	value	NOUN
ijtc-777	197	25	,	,	PUNCT
ijtc-777	197	26	namely	namely	ADV
ijtc-777	197	27	lev	lev	NOUN
ijtc-777	197	28	,	,	PUNCT
ijtc-777	197	29	profitability	profitability	NOUN
ijtc-777	197	30	level	level	NOUN
ijtc-777	197	31	through	through	ADP
ijtc-777	197	32	roa	roa	NOUN
ijtc-777	197	33	and	and	CCONJ
ijtc-777	197	34	size	size	NOUN
ijtc-777	197	35	.	.	PUNCT
ijtc-777	198	1	both	both	PRON
ijtc-777	198	2	roa	roa	NOUN
ijtc-777	198	3	and	and	CCONJ
ijtc-777	198	4	size	size	NOUN
ijtc-777	198	5	variables	variable	NOUN
ijtc-777	198	6	remain	remain	VERB
ijtc-777	198	7	a	a	DET
ijtc-777	198	8	significant	significant	ADJ
ijtc-777	198	9	positive	positive	ADJ
ijtc-777	198	10	influence	influence	NOUN
ijtc-777	198	11	and	and	CCONJ
ijtc-777	198	12	size	size	NOUN
ijtc-777	198	13	contributes	contribute	VERB
ijtc-777	198	14	through	through	ADP
ijtc-777	198	15	a	a	DET
ijtc-777	198	16	significant	significant	ADJ
ijtc-777	198	17	negative	negative	ADJ
ijtc-777	198	18	influence	influence	NOUN
ijtc-777	198	19	on	on	ADP
ijtc-777	198	20	the	the	DET
ijtc-777	198	21	value	value	NOUN
ijtc-777	198	22	of	of	ADP
ijtc-777	198	23	the	the	DET
ijtc-777	198	24	company	company	NOUN
ijtc-777	198	25	.	.	PUNCT
ijtc-777	199	1	tax	tax	NOUN
ijtc-777	199	2	aggressiveness	aggressiveness	NOUN
ijtc-777	199	3	,	,	PUNCT
ijtc-777	199	4	firm	firm	ADJ
ijtc-777	199	5	size	size	NOUN
ijtc-777	199	6	and	and	CCONJ
ijtc-777	199	7	firm	firm	ADJ
ijtc-777	199	8	value	value	NOUN
ijtc-777	199	9	based	base	VERB
ijtc-777	199	10	on	on	ADP
ijtc-777	199	11	the	the	DET
ijtc-777	199	12	findings	finding	NOUN
ijtc-777	199	13	of	of	ADP
ijtc-777	199	14	the	the	DET
ijtc-777	199	15	panel	panel	NOUN
ijtc-777	199	16	data	datum	NOUN
ijtc-777	199	17	regression	regression	NOUN
ijtc-777	199	18	analysis	analysis	NOUN
ijtc-777	199	19	test	test	NOUN
ijtc-777	199	20	,	,	PUNCT
ijtc-777	199	21	the	the	DET
ijtc-777	199	22	equation	equation	NOUN
ijtc-777	199	23	model	model	NOUN
ijtc-777	199	24	between	between	ADP
ijtc-777	199	25	variables	variable	NOUN
ijtc-777	199	26	can	can	AUX
ijtc-777	199	27	be	be	AUX
ijtc-777	199	28	formed	form	VERB
ijtc-777	199	29	as	as	SCONJ
ijtc-777	199	30	follows	follow	VERB
ijtc-777	199	31	:	:	PUNCT
ijtc-777	199	32	model	model	NOUN
ijtc-777	199	33	3	3	NUM
ijtc-777	199	34	:	:	PUNCT
ijtc-777	199	35	q	q	X
ijtc-777	199	36	=	=	SYM
ijtc-777	199	37	α	α	PROPN
ijtc-777	199	38	+	+	X
ijtc-777	199	39	0,7668etr	0,7668etr	NUM
ijtc-777	199	40	0,1366size_d	0,1366size_d	NUM
ijtc-777	199	41	0,2027(etr*size_d	0,2027(etr*size_d	NUM
ijtc-777	199	42	)	)	PUNCT
ijtc-777	200	1	+	+	NUM
ijtc-777	200	2	0,1474lev	0,1474lev	PRON
ijtc-777	200	3	+	+	CCONJ
ijtc-777	200	4	0,0171size	0,0171size	NOUN
ijtc-777	200	5	+	+	CCONJ
ijtc-777	200	6	9,8823roa	9,8823roa	NUM
ijtc-777	200	7	+	+	CCONJ
ijtc-777	200	8	ε	ε	PROPN
ijtc-777	200	9	in	in	ADP
ijtc-777	200	10	testing	test	VERB
ijtc-777	200	11	this	this	DET
ijtc-777	200	12	typical	typical	ADJ
ijtc-777	200	13	hypothesis	hypothesis	NOUN
ijtc-777	200	14	,	,	PUNCT
ijtc-777	200	15	all	all	DET
ijtc-777	200	16	company	company	NOUN
ijtc-777	200	17	samples	sample	NOUN
ijtc-777	200	18	are	be	AUX
ijtc-777	200	19	grouped	group	VERB
ijtc-777	200	20	into	into	ADP
ijtc-777	200	21	two	two	NUM
ijtc-777	200	22	categories	category	NOUN
ijtc-777	200	23	based	base	VERB
ijtc-777	200	24	on	on	ADP
ijtc-777	200	25	size	size	NOUN
ijtc-777	200	26	variables	variable	NOUN
ijtc-777	200	27	;	;	PUNCT
ijtc-777	200	28	if	if	SCONJ
ijtc-777	200	29	the	the	DET
ijtc-777	200	30	average	average	ADJ
ijtc-777	200	31	value	value	NOUN
ijtc-777	200	32	of	of	ADP
ijtc-777	200	33	the	the	DET
ijtc-777	200	34	company	company	NOUN
ijtc-777	200	35	during	during	ADP
ijtc-777	200	36	the	the	DET
ijtc-777	200	37	observation	observation	NOUN
ijtc-777	200	38	period	period	NOUN
ijtc-777	200	39	is	be	AUX
ijtc-777	200	40	above	above	ADP
ijtc-777	200	41	the	the	DET
ijtc-777	200	42	median	median	ADJ
ijtc-777	200	43	value	value	NOUN
ijtc-777	200	44	,	,	PUNCT
ijtc-777	200	45	the	the	DET
ijtc-777	200	46	company	company	NOUN
ijtc-777	200	47	is	be	AUX
ijtc-777	200	48	categorized	categorize	VERB
ijtc-777	200	49	as	as	ADP
ijtc-777	200	50	a	a	DET
ijtc-777	200	51	large	large	ADJ
ijtc-777	200	52	company	company	NOUN
ijtc-777	200	53	.	.	PUNCT
ijtc-777	201	1	if	if	SCONJ
ijtc-777	201	2	a	a	DET
ijtc-777	201	3	company	company	NOUN
ijtc-777	201	4	has	have	VERB
ijtc-777	201	5	an	an	DET
ijtc-777	201	6	average	average	ADJ
ijtc-777	201	7	value	value	NOUN
ijtc-777	201	8	over	over	ADP
ijtc-777	201	9	the	the	DET
ijtc-777	201	10	observation	observation	NOUN
ijtc-777	201	11	period	period	NOUN
ijtc-777	201	12	that	that	PRON
ijtc-777	201	13	is	be	AUX
ijtc-777	201	14	lower	low	ADJ
ijtc-777	201	15	than	than	ADP
ijtc-777	201	16	the	the	DET
ijtc-777	201	17	median	median	ADJ
ijtc-777	201	18	value	value	NOUN
ijtc-777	201	19	,	,	PUNCT
ijtc-777	201	20	it	it	PRON
ijtc-777	201	21	is	be	AUX
ijtc-777	201	22	categorized	categorize	VERB
ijtc-777	201	23	as	as	ADP
ijtc-777	201	24	a	a	DET
ijtc-777	201	25	smaller	small	ADJ
ijtc-777	201	26	company	company	NOUN
ijtc-777	201	27	.	.	PUNCT
ijtc-777	202	1	by	by	ADP
ijtc-777	202	2	including	include	VERB
ijtc-777	202	3	dummy	dummy	ADJ
ijtc-777	202	4	variable	variable	ADJ
ijtc-777	202	5	interactions	interaction	NOUN
ijtc-777	202	6	(	(	PUNCT
ijtc-777	202	7	etr*size_d	etr*size_d	PROPN
ijtc-777	202	8	)	)	PUNCT
ijtc-777	202	9	.	.	PUNCT
ijtc-777	203	1	the	the	DET
ijtc-777	203	2	f	f	NOUN
ijtc-777	203	3	-	-	PUNCT
ijtc-777	203	4	stat	stat	PROPN
ijtc-777	203	5	test	test	NOUN
ijtc-777	203	6	results	result	NOUN
ijtc-777	203	7	show	show	VERB
ijtc-777	203	8	a	a	DET
ijtc-777	203	9	value	value	NOUN
ijtc-777	203	10	of	of	ADP
ijtc-777	203	11	42.66	42.66	NUM
ijtc-777	203	12	and	and	CCONJ
ijtc-777	203	13	a	a	DET
ijtc-777	203	14	probability	probability	NOUN
ijtc-777	203	15	of	of	ADP
ijtc-777	203	16	0.0000	0.0000	NUM
ijtc-777	203	17	%	%	NOUN
ijtc-777	203	18	.	.	PUNCT
ijtc-777	204	1	based	base	VERB
ijtc-777	204	2	on	on	ADP
ijtc-777	204	3	these	these	DET
ijtc-777	204	4	results	result	NOUN
ijtc-777	204	5	,	,	PUNCT
ijtc-777	204	6	the	the	DET
ijtc-777	204	7	regression	regression	NOUN
ijtc-777	204	8	model	model	NOUN
ijtc-777	204	9	can	can	AUX
ijtc-777	204	10	describe	describe	VERB
ijtc-777	204	11	the	the	DET
ijtc-777	204	12	simultaneous	simultaneous	ADJ
ijtc-777	204	13	influence	influence	NOUN
ijtc-777	204	14	of	of	ADP
ijtc-777	204	15	the	the	DET
ijtc-777	204	16	independent	independent	ADJ
ijtc-777	204	17	variable	variable	NOUN
ijtc-777	204	18	and	and	CCONJ
ijtc-777	204	19	control	control	NOUN
ijtc-777	204	20	on	on	ADP
ijtc-777	204	21	the	the	DET
ijtc-777	204	22	dependent	dependent	ADJ
ijtc-777	204	23	variable	variable	NOUN
ijtc-777	204	24	.	.	PUNCT
ijtc-777	205	1	the	the	DET
ijtc-777	205	2	results	result	NOUN
ijtc-777	205	3	also	also	ADV
ijtc-777	205	4	show	show	VERB
ijtc-777	205	5	that	that	SCONJ
ijtc-777	205	6	the	the	DET
ijtc-777	205	7	t	t	PROPN
ijtc-777	205	8	-	-	PUNCT
ijtc-777	205	9	stat	stat	NOUN
ijtc-777	205	10	value	value	NOUN
ijtc-777	205	11	can	can	AUX
ijtc-777	205	12	be	be	AUX
ijtc-777	205	13	used	use	VERB
ijtc-777	205	14	to	to	PART
ijtc-777	205	15	test	test	VERB
ijtc-777	205	16	the	the	DET
ijtc-777	205	17	research	research	NOUN
ijtc-777	205	18	hypothesis	hypothesis	NOUN
ijtc-777	205	19	,	,	PUNCT
ijtc-777	205	20	and	and	CCONJ
ijtc-777	205	21	the	the	DET
ijtc-777	205	22	adjusted	adjust	VERB
ijtc-777	205	23	r2	r2	NOUN
ijtc-777	205	24	value	value	NOUN
ijtc-777	205	25	of	of	ADP
ijtc-777	205	26	the	the	DET
ijtc-777	205	27	regression	regression	NOUN
ijtc-777	205	28	model	model	NOUN
ijtc-777	205	29	is	be	AUX
ijtc-777	205	30	18.29	18.29	NUM
ijtc-777	205	31	%	%	NOUN
ijtc-777	205	32	.	.	PUNCT
ijtc-777	206	1	from	from	ADP
ijtc-777	206	2	the	the	DET
ijtc-777	206	3	adjusted	adjust	VERB
ijtc-777	206	4	value	value	NOUN
ijtc-777	206	5	of	of	ADP
ijtc-777	206	6	r2	r2	PROPN
ijtc-777	206	7	it	it	PRON
ijtc-777	206	8	can	can	AUX
ijtc-777	206	9	be	be	AUX
ijtc-777	206	10	concluded	conclude	VERB
ijtc-777	206	11	that	that	SCONJ
ijtc-777	206	12	about	about	ADV
ijtc-777	206	13	18.29	18.29	NUM
ijtc-777	206	14	%	%	NOUN
ijtc-777	206	15	of	of	ADP
ijtc-777	206	16	the	the	DET
ijtc-777	206	17	variation	variation	NOUN
ijtc-777	206	18	of	of	ADP
ijtc-777	206	19	the	the	DET
ijtc-777	206	20	variable	variable	NOUN
ijtc-777	206	21	q	q	NOUN
ijtc-777	206	22	can	can	AUX
ijtc-777	206	23	be	be	AUX
ijtc-777	206	24	explained	explain	VERB
ijtc-777	206	25	by	by	ADP
ijtc-777	206	26	the	the	DET
ijtc-777	206	27	etr	etr	PROPN
ijtc-777	206	28	variable	variable	NOUN
ijtc-777	206	29	and	and	CCONJ
ijtc-777	206	30	the	the	DET
ijtc-777	206	31	control	control	NOUN
ijtc-777	206	32	variable	variable	NOUN
ijtc-777	206	33	(	(	PUNCT
ijtc-777	206	34	lev	lev	NOUN
ijtc-777	206	35	,	,	PUNCT
ijtc-777	206	36	roa	roa	NOUN
ijtc-777	206	37	,	,	PUNCT
ijtc-777	206	38	size	size	NOUN
ijtc-777	206	39	)	)	PUNCT
ijtc-777	206	40	in	in	ADP
ijtc-777	206	41	the	the	DET
ijtc-777	206	42	model	model	NOUN
ijtc-777	206	43	simultaneously	simultaneously	ADV
ijtc-777	206	44	.	.	PUNCT
ijtc-777	207	1	81.71	81.71	NUM
ijtc-777	207	2	%	%	NOUN
ijtc-777	207	3	was	be	AUX
ijtc-777	207	4	not	not	PART
ijtc-777	207	5	explained	explain	VERB
ijtc-777	207	6	by	by	ADP
ijtc-777	207	7	research	research	NOUN
ijtc-777	207	8	variables	variable	NOUN
ijtc-777	207	9	but	but	CCONJ
ijtc-777	207	10	other	other	ADJ
ijtc-777	207	11	variables	variable	NOUN
ijtc-777	207	12	that	that	PRON
ijtc-777	207	13	did	do	AUX
ijtc-777	207	14	not	not	PART
ijtc-777	207	15	fit	fit	VERB
ijtc-777	207	16	the	the	DET
ijtc-777	207	17	model	model	NOUN
ijtc-777	207	18	as	as	SCONJ
ijtc-777	207	19	shown	show	VERB
ijtc-777	207	20	in	in	ADP
ijtc-777	207	21	table	table	NOUN
ijtc-777	207	22	below	below	ADV
ijtc-777	207	23	:	:	PUNCT
ijtc-777	207	24	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-777	207	25	the	the	DET
ijtc-777	207	26	moderation	moderation	NOUN
ijtc-777	207	27	role	role	NOUN
ijtc-777	207	28	of	of	ADP
ijtc-777	207	29	tax	tax	NOUN
ijtc-777	207	30	rate	rate	NOUN
ijtc-777	207	31	reduction	reduction	NOUN
ijtc-777	207	32	and	and	CCONJ
ijtc-777	207	33	state	state	NOUN
ijtc-777	207	34	ownership	ownership	NOUN
ijtc-777	207	35	status	status	NOUN
ijtc-777	207	36	in	in	ADP
ijtc-777	207	37	the	the	DET
ijtc-777	207	38	effect	effect	NOUN
ijtc-777	207	39	of	of	ADP
ijtc-777	207	40	tax	tax	NOUN
ijtc-777	207	41	aggresiveness	aggresiveness	NOUN
ijtc-777	207	42	on	on	ADP
ijtc-777	207	43	company	company	NOUN
ijtc-777	207	44	value	value	NOUN
ijtc-777	207	45	ardhi	ardhi	NOUN
ijtc-777	207	46	and	and	CCONJ
ijtc-777	207	47	lubis	lubi	VERB
ijtc-777	207	48	464	464	NUM
ijtc-777	207	49	|	|	ADV
ijtc-777	207	50	ilomata	ilomata	VERB
ijtc-777	207	51	international	international	ADJ
ijtc-777	207	52	journal	journal	NOUN
ijtc-777	207	53	of	of	ADP
ijtc-777	207	54	tax	tax	PROPN
ijtc-777	207	55	&	&	CCONJ
ijtc-777	207	56	accounting	account	VERB
ijtc-777	207	57	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-777	207	58	table	table	NOUN
ijtc-777	207	59	5	5	NUM
ijtc-777	207	60	.	.	PUNCT
ijtc-777	208	1	regression	regression	NOUN
ijtc-777	208	2	output	output	NOUN
ijtc-777	208	3	source	source	NOUN
ijtc-777	208	4	:	:	PUNCT
ijtc-777	208	5	data	datum	NOUN
ijtc-777	208	6	proceed	proceed	VERB
ijtc-777	208	7	the	the	DET
ijtc-777	208	8	results	result	NOUN
ijtc-777	208	9	of	of	ADP
ijtc-777	208	10	the	the	DET
ijtc-777	208	11	regression	regression	NOUN
ijtc-777	208	12	model	model	NOUN
ijtc-777	208	13	through	through	ADP
ijtc-777	208	14	probability	probability	NOUN
ijtc-777	208	15	t	t	PROPN
ijtc-777	208	16	-	-	PUNCT
ijtc-777	208	17	stat	stat	NOUN
ijtc-777	208	18	state	state	NOUN
ijtc-777	208	19	that	that	SCONJ
ijtc-777	208	20	the	the	DET
ijtc-777	208	21	size	size	NOUN
ijtc-777	208	22	of	of	ADP
ijtc-777	208	23	the	the	DET
ijtc-777	208	24	company	company	NOUN
ijtc-777	208	25	has	have	VERB
ijtc-777	208	26	a	a	DET
ijtc-777	208	27	significant	significant	ADJ
ijtc-777	208	28	positive	positive	ADJ
ijtc-777	208	29	influence	influence	NOUN
ijtc-777	208	30	with	with	ADP
ijtc-777	208	31	the	the	DET
ijtc-777	208	32	level	level	NOUN
ijtc-777	208	33	of	of	ADP
ijtc-777	208	34	significance	significance	NOUN
ijtc-777	208	35	α	α	X
ijtc-777	208	36	=	=	SYM
ijtc-777	208	37	10	10	NUM
ijtc-777	208	38	%	%	NOUN
ijtc-777	208	39	(	(	PUNCT
ijtc-777	208	40	after	after	SCONJ
ijtc-777	208	41	divided	divide	VERB
ijtc-777	208	42	into	into	ADP
ijtc-777	208	43	two	two	NUM
ijtc-777	208	44	;	;	PUNCT
ijtc-777	208	45	two	two	NUM
ijtc-777	208	46	tailed	tailed	ADJ
ijtc-777	208	47	test	test	NOUN
ijtc-777	208	48	)	)	PUNCT
ijtc-777	208	49	on	on	ADP
ijtc-777	208	50	the	the	DET
ijtc-777	208	51	variables	variable	NOUN
ijtc-777	208	52	etr	etr	PROPN
ijtc-777	208	53	and	and	CCONJ
ijtc-777	208	54	q.	q.	PROPN
ijtc-777	208	55	it	it	PRON
ijtc-777	208	56	can	can	AUX
ijtc-777	208	57	be	be	AUX
ijtc-777	208	58	concluded	conclude	VERB
ijtc-777	208	59	that	that	SCONJ
ijtc-777	208	60	there	there	PRON
ijtc-777	208	61	is	be	VERB
ijtc-777	208	62	an	an	DET
ijtc-777	208	63	influence	influence	NOUN
ijtc-777	208	64	of	of	ADP
ijtc-777	208	65	tax	tax	NOUN
ijtc-777	208	66	aggressiveness	aggressiveness	NOUN
ijtc-777	208	67	on	on	ADP
ijtc-777	208	68	the	the	DET
ijtc-777	208	69	value	value	NOUN
ijtc-777	208	70	of	of	ADP
ijtc-777	208	71	the	the	DET
ijtc-777	208	72	company	company	NOUN
ijtc-777	208	73	due	due	ADP
ijtc-777	208	74	to	to	ADP
ijtc-777	208	75	moderation	moderation	NOUN
ijtc-777	208	76	of	of	ADP
ijtc-777	208	77	the	the	DET
ijtc-777	208	78	size	size	NOUN
ijtc-777	208	79	of	of	ADP
ijtc-777	208	80	the	the	DET
ijtc-777	208	81	company	company	NOUN
ijtc-777	208	82	,	,	PUNCT
ijtc-777	208	83	therefore	therefore	ADV
ijtc-777	208	84	the	the	DET
ijtc-777	208	85	third	third	ADJ
ijtc-777	208	86	hypothesis	hypothesis	NOUN
ijtc-777	208	87	is	be	AUX
ijtc-777	208	88	accepted	accept	VERB
ijtc-777	208	89	.	.	PUNCT
ijtc-777	209	1	the	the	DET
ijtc-777	209	2	interaction	interaction	NOUN
ijtc-777	209	3	of	of	ADP
ijtc-777	209	4	firm	firm	ADJ
ijtc-777	209	5	size	size	NOUN
ijtc-777	209	6	and	and	CCONJ
ijtc-777	209	7	etr	etr	PROPN
ijtc-777	209	8	exerts	exert	VERB
ijtc-777	209	9	a	a	DET
ijtc-777	209	10	different	different	ADJ
ijtc-777	209	11	influence	influence	NOUN
ijtc-777	209	12	on	on	ADP
ijtc-777	209	13	the	the	DET
ijtc-777	209	14	contribution	contribution	NOUN
ijtc-777	209	15	of	of	ADP
ijtc-777	209	16	the	the	DET
ijtc-777	209	17	lev	lev	NOUN
ijtc-777	209	18	and	and	CCONJ
ijtc-777	209	19	size	size	NOUN
ijtc-777	209	20	control	control	NOUN
ijtc-777	209	21	variables	variable	NOUN
ijtc-777	209	22	,	,	PUNCT
ijtc-777	209	23	which	which	PRON
ijtc-777	209	24	weakens	weaken	VERB
ijtc-777	209	25	the	the	DET
ijtc-777	209	26	relationship	relationship	NOUN
ijtc-777	209	27	with	with	ADP
ijtc-777	209	28	the	the	DET
ijtc-777	209	29	dependent	dependent	ADJ
ijtc-777	209	30	variable	variable	NOUN
ijtc-777	209	31	,	,	PUNCT
ijtc-777	209	32	while	while	SCONJ
ijtc-777	209	33	the	the	DET
ijtc-777	209	34	roa	roa	NOUN
ijtc-777	209	35	variable	variable	NOUN
ijtc-777	209	36	remains	remain	VERB
ijtc-777	209	37	to	to	PART
ijtc-777	209	38	have	have	VERB
ijtc-777	209	39	a	a	DET
ijtc-777	209	40	positive	positive	ADJ
ijtc-777	209	41	influence	influence	NOUN
ijtc-777	209	42	on	on	ADP
ijtc-777	209	43	the	the	DET
ijtc-777	209	44	firm	firm	ADJ
ijtc-777	209	45	value	value	NOUN
ijtc-777	209	46	.	.	PUNCT
ijtc-777	210	1	there	there	PRON
ijtc-777	210	2	is	be	VERB
ijtc-777	210	3	no	no	DET
ijtc-777	210	4	evidence	evidence	NOUN
ijtc-777	210	5	of	of	ADP
ijtc-777	210	6	a	a	DET
ijtc-777	210	7	study	study	NOUN
ijtc-777	210	8	that	that	PRON
ijtc-777	210	9	specifically	specifically	ADV
ijtc-777	210	10	examined	examine	VERB
ijtc-777	210	11	the	the	DET
ijtc-777	210	12	effect	effect	NOUN
ijtc-777	210	13	of	of	ADP
ijtc-777	210	14	tax	tax	NOUN
ijtc-777	210	15	aggressiveness	aggressiveness	NOUN
ijtc-777	210	16	and	and	CCONJ
ijtc-777	210	17	company	company	NOUN
ijtc-777	210	18	value	value	NOUN
ijtc-777	210	19	moderated	moderate	VERB
ijtc-777	210	20	by	by	ADP
ijtc-777	210	21	company	company	NOUN
ijtc-777	210	22	size	size	NOUN
ijtc-777	210	23	found	find	VERB
ijtc-777	210	24	,	,	PUNCT
ijtc-777	210	25	however	however	ADV
ijtc-777	210	26	,	,	PUNCT
ijtc-777	210	27	in	in	ADP
ijtc-777	210	28	2022	2022	NUM
ijtc-777	210	29	,	,	PUNCT
ijtc-777	210	30	a	a	DET
ijtc-777	210	31	research	research	NOUN
ijtc-777	210	32	conducted	conduct	VERB
ijtc-777	210	33	by	by	ADP
ijtc-777	210	34	(	(	PUNCT
ijtc-777	210	35	labunets.e	labunets.e	PROPN
ijtc-777	210	36	.	.	PROPN
ijtc-777	210	37	&	&	CCONJ
ijtc-777	210	38	i.a	i.a	PROPN
ijtc-777	210	39	,	,	PUNCT
ijtc-777	210	40	2022	2022	NUM
ijtc-777	210	41	)	)	PUNCT
ijtc-777	210	42	,	,	PUNCT
ijtc-777	210	43	stated	state	VERB
ijtc-777	210	44	that	that	SCONJ
ijtc-777	210	45	there	there	PRON
ijtc-777	210	46	was	be	VERB
ijtc-777	210	47	a	a	DET
ijtc-777	210	48	significant	significant	ADJ
ijtc-777	210	49	negative	negative	ADJ
ijtc-777	210	50	influence	influence	NOUN
ijtc-777	210	51	on	on	ADP
ijtc-777	210	52	the	the	DET
ijtc-777	210	53	relationship	relationship	NOUN
ijtc-777	210	54	between	between	ADP
ijtc-777	210	55	company	company	NOUN
ijtc-777	210	56	size	size	NOUN
ijtc-777	210	57	and	and	CCONJ
ijtc-777	210	58	tax	tax	NOUN
ijtc-777	210	59	aggressiveness	aggressiveness	NOUN
ijtc-777	210	60	in	in	ADP
ijtc-777	210	61	companies	company	NOUN
ijtc-777	210	62	engaged	engage	VERB
ijtc-777	210	63	in	in	ADP
ijtc-777	210	64	forestry	forestry	NOUN
ijtc-777	210	65	in	in	ADP
ijtc-777	210	66	russia	russia	PROPN
ijtc-777	210	67	.	.	PUNCT
ijtc-777	211	1	the	the	DET
ijtc-777	211	2	findings	finding	NOUN
ijtc-777	211	3	are	be	AUX
ijtc-777	211	4	considered	consider	VERB
ijtc-777	211	5	inconsistent	inconsistent	ADJ
ijtc-777	211	6	with	with	ADP
ijtc-777	211	7	the	the	DET
ijtc-777	211	8	output	output	NOUN
ijtc-777	211	9	by	by	ADP
ijtc-777	211	10	lanis	lanis	NOUN
ijtc-777	211	11	and	and	CCONJ
ijtc-777	211	12	richardson	richardson	PROPN
ijtc-777	211	13	(	(	PUNCT
ijtc-777	211	14	2007	2007	NUM
ijtc-777	211	15	)	)	PUNCT
ijtc-777	211	16	,	,	PUNCT
ijtc-777	211	17	who	who	PRON
ijtc-777	211	18	stated	state	VERB
ijtc-777	211	19	that	that	SCONJ
ijtc-777	211	20	there	there	PRON
ijtc-777	211	21	is	be	VERB
ijtc-777	211	22	a	a	DET
ijtc-777	211	23	negative	negative	ADJ
ijtc-777	211	24	influence	influence	NOUN
ijtc-777	211	25	between	between	ADP
ijtc-777	211	26	etr	etr	PROPN
ijtc-777	211	27	and	and	CCONJ
ijtc-777	211	28	company	company	NOUN
ijtc-777	211	29	size	size	NOUN
ijtc-777	211	30	.	.	PUNCT
ijtc-777	212	1	in	in	ADP
ijtc-777	212	2	other	other	ADJ
ijtc-777	212	3	words	word	NOUN
ijtc-777	212	4	,	,	PUNCT
ijtc-777	212	5	it	it	PRON
ijtc-777	212	6	can	can	AUX
ijtc-777	212	7	be	be	AUX
ijtc-777	212	8	said	say	VERB
ijtc-777	212	9	that	that	SCONJ
ijtc-777	212	10	there	there	PRON
ijtc-777	212	11	is	be	VERB
ijtc-777	212	12	a	a	DET
ijtc-777	212	13	positive	positive	ADJ
ijtc-777	212	14	relationship	relationship	NOUN
ijtc-777	212	15	between	between	ADP
ijtc-777	212	16	company	company	NOUN
ijtc-777	212	17	size	size	NOUN
ijtc-777	212	18	and	and	CCONJ
ijtc-777	212	19	tax	tax	NOUN
ijtc-777	212	20	aggressiveness	aggressiveness	NOUN
ijtc-777	212	21	in	in	ADP
ijtc-777	212	22	public	public	ADJ
ijtc-777	212	23	companies	company	NOUN
ijtc-777	212	24	at	at	ADP
ijtc-777	212	25	the	the	DET
ijtc-777	212	26	time	time	NOUN
ijtc-777	212	27	of	of	ADP
ijtc-777	212	28	tax	tax	NOUN
ijtc-777	212	29	reform	reform	NOUN
ijtc-777	212	30	in	in	ADP
ijtc-777	212	31	australia	australia	PROPN
ijtc-777	212	32	.	.	PUNCT
ijtc-777	213	1	in	in	ADP
ijtc-777	213	2	indonesia	indonesia	PROPN
ijtc-777	213	3	,	,	PUNCT
ijtc-777	213	4	a	a	DET
ijtc-777	213	5	study	study	NOUN
ijtc-777	213	6	conducted	conduct	VERB
ijtc-777	213	7	by	by	ADP
ijtc-777	213	8	kurniawan	kurniawan	PROPN
ijtc-777	213	9	(	(	PUNCT
ijtc-777	213	10	2015	2015	NUM
ijtc-777	213	11	)	)	PUNCT
ijtc-777	213	12	examined	examine	VERB
ijtc-777	213	13	the	the	DET
ijtc-777	213	14	relationship	relationship	NOUN
ijtc-777	213	15	between	between	ADP
ijtc-777	213	16	the	the	DET
ijtc-777	213	17	company	company	NOUN
ijtc-777	213	18	size	size	NOUN
ijtc-777	213	19	and	and	CCONJ
ijtc-777	213	20	the	the	DET
ijtc-777	213	21	tax	tax	NOUN
ijtc-777	213	22	aggressiveness	aggressiveness	NOUN
ijtc-777	213	23	in	in	ADP
ijtc-777	213	24	71	71	NUM
ijtc-777	213	25	entities	entity	NOUN
ijtc-777	213	26	within	within	ADP
ijtc-777	213	27	the	the	DET
ijtc-777	213	28	period	period	NOUN
ijtc-777	213	29	of	of	ADP
ijtc-777	213	30	3	3	NUM
ijtc-777	213	31	years	year	NOUN
ijtc-777	213	32	of	of	ADP
ijtc-777	213	33	observation	observation	NOUN
ijtc-777	213	34	(	(	PUNCT
ijtc-777	213	35	2012	2012	NUM
ijtc-777	213	36	-	-	SYM
ijtc-777	213	37	2014	2014	NUM
ijtc-777	213	38	)	)	PUNCT
ijtc-777	213	39	.	.	PUNCT
ijtc-777	214	1	the	the	DET
ijtc-777	214	2	results	result	NOUN
ijtc-777	214	3	of	of	ADP
ijtc-777	214	4	the	the	DET
ijtc-777	214	5	study	study	NOUN
ijtc-777	214	6	revealed	reveal	VERB
ijtc-777	214	7	that	that	SCONJ
ijtc-777	214	8	there	there	PRON
ijtc-777	214	9	is	be	VERB
ijtc-777	214	10	a	a	DET
ijtc-777	214	11	negative	negative	ADJ
ijtc-777	214	12	influence	influence	NOUN
ijtc-777	214	13	of	of	ADP
ijtc-777	214	14	company	company	NOUN
ijtc-777	214	15	size	size	NOUN
ijtc-777	214	16	on	on	ADP
ijtc-777	214	17	tax	tax	NOUN
ijtc-777	214	18	aggressiveness	aggressiveness	NOUN
ijtc-777	214	19	.	.	PUNCT
ijtc-777	215	1	in	in	ADP
ijtc-777	215	2	line	line	NOUN
ijtc-777	215	3	with	with	ADP
ijtc-777	215	4	the	the	DET
ijtc-777	215	5	results	result	NOUN
ijtc-777	215	6	of	of	ADP
ijtc-777	215	7	previous	previous	ADJ
ijtc-777	215	8	studies	study	NOUN
ijtc-777	215	9	related	relate	VERB
ijtc-777	215	10	to	to	ADP
ijtc-777	215	11	company	company	NOUN
ijtc-777	215	12	size	size	NOUN
ijtc-777	215	13	and	and	CCONJ
ijtc-777	215	14	tax	tax	NOUN
ijtc-777	215	15	aggressiveness	aggressiveness	NOUN
ijtc-777	215	16	,	,	PUNCT
ijtc-777	215	17	a	a	DET
ijtc-777	215	18	moderation	moderation	NOUN
ijtc-777	215	19	of	of	ADP
ijtc-777	215	20	company	company	NOUN
ijtc-777	215	21	size	size	NOUN
ijtc-777	215	22	can	can	AUX
ijtc-777	215	23	affect	affect	VERB
ijtc-777	215	24	the	the	DET
ijtc-777	215	25	relationship	relationship	NOUN
ijtc-777	215	26	between	between	ADP
ijtc-777	215	27	tax	tax	NOUN
ijtc-777	215	28	aggressiveness	aggressiveness	NOUN
ijtc-777	215	29	and	and	CCONJ
ijtc-777	215	30	company	company	NOUN
ijtc-777	215	31	value	value	NOUN
ijtc-777	215	32	.	.	PUNCT
ijtc-777	216	1	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-777	216	2	the	the	DET
ijtc-777	216	3	moderation	moderation	NOUN
ijtc-777	216	4	role	role	NOUN
ijtc-777	216	5	of	of	ADP
ijtc-777	216	6	tax	tax	NOUN
ijtc-777	216	7	rate	rate	NOUN
ijtc-777	216	8	reduction	reduction	NOUN
ijtc-777	216	9	and	and	CCONJ
ijtc-777	216	10	state	state	NOUN
ijtc-777	216	11	ownership	ownership	NOUN
ijtc-777	216	12	status	status	NOUN
ijtc-777	216	13	in	in	ADP
ijtc-777	216	14	the	the	DET
ijtc-777	216	15	effect	effect	NOUN
ijtc-777	216	16	of	of	ADP
ijtc-777	216	17	tax	tax	NOUN
ijtc-777	216	18	aggresiveness	aggresiveness	NOUN
ijtc-777	216	19	on	on	ADP
ijtc-777	216	20	company	company	NOUN
ijtc-777	216	21	value	value	NOUN
ijtc-777	216	22	ardhi	ardhi	NOUN
ijtc-777	216	23	and	and	CCONJ
ijtc-777	216	24	lubis	lubi	VERB
ijtc-777	216	25	465	465	NUM
ijtc-777	216	26	|	|	ADV
ijtc-777	216	27	ilomata	ilomata	VERB
ijtc-777	216	28	international	international	ADJ
ijtc-777	216	29	journal	journal	NOUN
ijtc-777	216	30	of	of	ADP
ijtc-777	216	31	tax	tax	PROPN
ijtc-777	216	32	&	&	CCONJ
ijtc-777	216	33	accounting	account	VERB
ijtc-777	216	34	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-777	216	35	additional	additional	ADJ
ijtc-777	216	36	testing	testing	NOUN
ijtc-777	216	37	of	of	ADP
ijtc-777	216	38	tax	tax	NOUN
ijtc-777	216	39	aggressiveness	aggressiveness	NOUN
ijtc-777	216	40	,	,	PUNCT
ijtc-777	216	41	firm	firm	ADJ
ijtc-777	216	42	size	size	NOUN
ijtc-777	216	43	and	and	CCONJ
ijtc-777	216	44	firm	firm	ADJ
ijtc-777	216	45	value	value	NOUN
ijtc-777	216	46	to	to	PART
ijtc-777	216	47	get	get	VERB
ijtc-777	216	48	more	more	ADV
ijtc-777	216	49	convincing	convincing	ADJ
ijtc-777	216	50	results	result	NOUN
ijtc-777	216	51	for	for	ADP
ijtc-777	216	52	researchers	researcher	NOUN
ijtc-777	216	53	in	in	ADP
ijtc-777	216	54	making	make	VERB
ijtc-777	216	55	decisions	decision	NOUN
ijtc-777	216	56	,	,	PUNCT
ijtc-777	216	57	this	this	DET
ijtc-777	216	58	study	study	NOUN
ijtc-777	216	59	conducted	conduct	VERB
ijtc-777	216	60	additional	additional	ADJ
ijtc-777	216	61	testing	testing	NOUN
ijtc-777	216	62	through	through	ADP
ijtc-777	216	63	regression	regression	NOUN
ijtc-777	216	64	based	base	VERB
ijtc-777	216	65	on	on	ADP
ijtc-777	216	66	the	the	DET
ijtc-777	216	67	results	result	NOUN
ijtc-777	216	68	of	of	ADP
ijtc-777	216	69	modifications	modification	NOUN
ijtc-777	216	70	to	to	ADP
ijtc-777	216	71	moderation	moderation	NOUN
ijtc-777	216	72	variables	variable	NOUN
ijtc-777	216	73	size_d	size_d	VERB
ijtc-777	216	74	by	by	ADP
ijtc-777	216	75	selecting	select	VERB
ijtc-777	216	76	fifty	fifty	NUM
ijtc-777	216	77	(	(	PUNCT
ijtc-777	216	78	50	50	NUM
ijtc-777	216	79	)	)	PUNCT
ijtc-777	216	80	largest	large	ADJ
ijtc-777	216	81	companies	company	NOUN
ijtc-777	216	82	to	to	PART
ijtc-777	216	83	be	be	AUX
ijtc-777	216	84	grouped	group	VERB
ijtc-777	216	85	into	into	ADP
ijtc-777	216	86	large	large	ADJ
ijtc-777	216	87	companies	company	NOUN
ijtc-777	216	88	,	,	PUNCT
ijtc-777	216	89	and	and	CCONJ
ijtc-777	216	90	the	the	DET
ijtc-777	216	91	rest	rest	NOUN
ijtc-777	216	92	categorized	categorize	VERB
ijtc-777	216	93	into	into	ADP
ijtc-777	216	94	smaller	small	ADJ
ijtc-777	216	95	companies	company	NOUN
ijtc-777	216	96	.	.	PUNCT
ijtc-777	217	1	this	this	DET
ijtc-777	217	2	grouping	grouping	NOUN
ijtc-777	217	3	of	of	ADP
ijtc-777	217	4	the	the	DET
ijtc-777	217	5	50	50	NUM
ijtc-777	217	6	largest	large	ADJ
ijtc-777	217	7	companies	company	NOUN
ijtc-777	217	8	is	be	AUX
ijtc-777	217	9	based	base	VERB
ijtc-777	217	10	on	on	ADP
ijtc-777	217	11	previous	previous	ADJ
ijtc-777	217	12	research	research	NOUN
ijtc-777	217	13	conducted	conduct	VERB
ijtc-777	217	14	by	by	ADP
ijtc-777	217	15	zimmerman	zimmerman	PROPN
ijtc-777	217	16	(	(	PUNCT
ijtc-777	217	17	1983	1983	NUM
ijtc-777	217	18	)	)	PUNCT
ijtc-777	217	19	which	which	PRON
ijtc-777	217	20	has	have	AUX
ijtc-777	217	21	examined	examine	VERB
ijtc-777	217	22	the	the	DET
ijtc-777	217	23	relationship	relationship	NOUN
ijtc-777	217	24	between	between	ADP
ijtc-777	217	25	taxes	taxis	NOUN
ijtc-777	217	26	and	and	CCONJ
ijtc-777	217	27	company	company	NOUN
ijtc-777	217	28	size	size	NOUN
ijtc-777	217	29	in	in	ADP
ijtc-777	217	30	america	america	PROPN
ijtc-777	217	31	.	.	PUNCT
ijtc-777	218	1	from	from	ADP
ijtc-777	218	2	a	a	DET
ijtc-777	218	3	total	total	NOUN
ijtc-777	218	4	of	of	ADP
ijtc-777	218	5	1118	1118	NUM
ijtc-777	218	6	years	year	NOUN
ijtc-777	218	7	of	of	ADP
ijtc-777	218	8	observation	observation	NOUN
ijtc-777	218	9	,	,	PUNCT
ijtc-777	218	10	197	197	NUM
ijtc-777	218	11	years	year	NOUN
ijtc-777	218	12	of	of	ADP
ijtc-777	218	13	large	large	ADJ
ijtc-777	218	14	companies	company	NOUN
ijtc-777	218	15	(	(	PUNCT
ijtc-777	218	16	17.62	17.62	NUM
ijtc-777	218	17	%	%	NOUN
ijtc-777	218	18	)	)	PUNCT
ijtc-777	218	19	and	and	CCONJ
ijtc-777	218	20	921	921	NUM
ijtc-777	218	21	years	year	NOUN
ijtc-777	218	22	of	of	ADP
ijtc-777	218	23	other	other	ADJ
ijtc-777	218	24	companies	company	NOUN
ijtc-777	218	25	(	(	PUNCT
ijtc-777	218	26	82.38	82.38	NUM
ijtc-777	218	27	%	%	NOUN
ijtc-777	218	28	)	)	PUNCT
ijtc-777	218	29	were	be	AUX
ijtc-777	218	30	obtained	obtain	VERB
ijtc-777	218	31	.	.	PUNCT
ijtc-777	219	1	the	the	DET
ijtc-777	219	2	output	output	NOUN
ijtc-777	219	3	of	of	ADP
ijtc-777	219	4	the	the	DET
ijtc-777	219	5	regression	regression	NOUN
ijtc-777	219	6	is	be	AUX
ijtc-777	219	7	shown	show	VERB
ijtc-777	219	8	in	in	ADP
ijtc-777	219	9	the	the	DET
ijtc-777	219	10	table	table	NOUN
ijtc-777	219	11	below	below	ADV
ijtc-777	219	12	:	:	PUNCT
ijtc-777	219	13	table	table	NOUN
ijtc-777	219	14	5	5	NUM
ijtc-777	219	15	.	.	PUNCT
ijtc-777	220	1	regression	regression	NOUN
ijtc-777	220	2	output	output	NOUN
ijtc-777	220	3	source	source	NOUN
ijtc-777	220	4	:	:	PUNCT
ijtc-777	220	5	data	datum	NOUN
ijtc-777	220	6	processing	processing	NOUN
ijtc-777	220	7	based	base	VERB
ijtc-777	220	8	on	on	ADP
ijtc-777	220	9	the	the	DET
ijtc-777	220	10	results	result	NOUN
ijtc-777	220	11	of	of	ADP
ijtc-777	220	12	regression	regression	NOUN
ijtc-777	220	13	through	through	ADP
ijtc-777	220	14	t	t	PROPN
ijtc-777	220	15	-	-	PUNCT
ijtc-777	220	16	stat	stat	NOUN
ijtc-777	220	17	probability	probability	NOUN
ijtc-777	220	18	,	,	PUNCT
ijtc-777	220	19	there	there	PRON
ijtc-777	220	20	are	be	VERB
ijtc-777	220	21	similarities	similarity	NOUN
ijtc-777	220	22	with	with	ADP
ijtc-777	220	23	the	the	DET
ijtc-777	220	24	results	result	NOUN
ijtc-777	220	25	of	of	ADP
ijtc-777	220	26	the	the	DET
ijtc-777	220	27	previous	previous	ADJ
ijtc-777	220	28	study	study	NOUN
ijtc-777	220	29	that	that	PRON
ijtc-777	220	30	utilize	utilize	VERB
ijtc-777	220	31	the	the	DET
ijtc-777	220	32	median	median	ADJ
ijtc-777	220	33	value	value	NOUN
ijtc-777	220	34	as	as	ADP
ijtc-777	220	35	a	a	DET
ijtc-777	220	36	grouping	grouping	NOUN
ijtc-777	220	37	of	of	ADP
ijtc-777	220	38	company	company	NOUN
ijtc-777	220	39	size	size	NOUN
ijtc-777	220	40	,	,	PUNCT
ijtc-777	220	41	where	where	SCONJ
ijtc-777	220	42	moderation	moderation	NOUN
ijtc-777	220	43	of	of	ADP
ijtc-777	220	44	the	the	DET
ijtc-777	220	45	50	50	NUM
ijtc-777	220	46	largest	large	ADJ
ijtc-777	220	47	companies	company	NOUN
ijtc-777	220	48	still	still	ADV
ijtc-777	220	49	has	have	VERB
ijtc-777	220	50	a	a	DET
ijtc-777	220	51	significant	significant	ADJ
ijtc-777	220	52	positive	positive	ADJ
ijtc-777	220	53	influence	influence	NOUN
ijtc-777	220	54	between	between	ADP
ijtc-777	220	55	etr	etr	PROPN
ijtc-777	220	56	and	and	CCONJ
ijtc-777	220	57	q	q	NOUN
ijtc-777	220	58	value	value	NOUN
ijtc-777	220	59	with	with	ADP
ijtc-777	220	60	a	a	DET
ijtc-777	220	61	higher	high	ADJ
ijtc-777	220	62	level	level	NOUN
ijtc-777	220	63	of	of	ADP
ijtc-777	220	64	significance	significance	NOUN
ijtc-777	220	65	with	with	ADP
ijtc-777	220	66	α	α	NOUN
ijtc-777	220	67	=	=	SYM
ijtc-777	220	68	5	5	NUM
ijtc-777	220	69	%	%	NOUN
ijtc-777	220	70	(	(	PUNCT
ijtc-777	220	71	after	after	SCONJ
ijtc-777	220	72	divided	divide	VERB
ijtc-777	220	73	into	into	ADP
ijtc-777	220	74	two	two	NUM
ijtc-777	220	75	;	;	PUNCT
ijtc-777	220	76	two	two	NUM
ijtc-777	220	77	tailed	tail	VERB
ijtc-777	220	78	test	test	NOUN
ijtc-777	220	79	)	)	PUNCT
ijtc-777	220	80	.	.	PUNCT
ijtc-777	221	1	because	because	SCONJ
ijtc-777	221	2	etr	etr	PROPN
ijtc-777	221	3	proxies	proxy	NOUN
ijtc-777	221	4	are	be	AUX
ijtc-777	221	5	the	the	DET
ijtc-777	221	6	opposite	opposite	NOUN
ijtc-777	221	7	of	of	ADP
ijtc-777	221	8	tax	tax	NOUN
ijtc-777	221	9	aggressiveness	aggressiveness	NOUN
ijtc-777	221	10	,	,	PUNCT
ijtc-777	221	11	it	it	PRON
ijtc-777	221	12	can	can	AUX
ijtc-777	221	13	be	be	AUX
ijtc-777	221	14	concluded	conclude	VERB
ijtc-777	221	15	that	that	SCONJ
ijtc-777	221	16	there	there	PRON
ijtc-777	221	17	is	be	VERB
ijtc-777	221	18	a	a	DET
ijtc-777	221	19	negative	negative	ADJ
ijtc-777	221	20	influence	influence	NOUN
ijtc-777	221	21	between	between	ADP
ijtc-777	221	22	tax	tax	NOUN
ijtc-777	221	23	aggressiveness	aggressiveness	NOUN
ijtc-777	221	24	and	and	CCONJ
ijtc-777	221	25	company	company	NOUN
ijtc-777	221	26	value	value	NOUN
ijtc-777	221	27	.	.	PUNCT
ijtc-777	222	1	the	the	DET
ijtc-777	222	2	two	two	NUM
ijtc-777	222	3	outputs	output	NOUN
ijtc-777	222	4	of	of	ADP
ijtc-777	222	5	the	the	DET
ijtc-777	222	6	company	company	NOUN
ijtc-777	222	7	size	size	NOUN
ijtc-777	222	8	moderation	moderation	NOUN
ijtc-777	222	9	test	test	NOUN
ijtc-777	222	10	prove	prove	VERB
ijtc-777	222	11	that	that	SCONJ
ijtc-777	222	12	the	the	DET
ijtc-777	222	13	sensitivity	sensitivity	NOUN
ijtc-777	222	14	of	of	ADP
ijtc-777	222	15	the	the	DET
ijtc-777	222	16	company	company	NOUN
ijtc-777	222	17	size	size	NOUN
ijtc-777	222	18	gives	give	VERB
ijtc-777	222	19	a	a	DET
ijtc-777	222	20	difference	difference	NOUN
ijtc-777	222	21	in	in	ADP
ijtc-777	222	22	the	the	DET
ijtc-777	222	23	effect	effect	NOUN
ijtc-777	222	24	of	of	ADP
ijtc-777	222	25	tax	tax	NOUN
ijtc-777	222	26	aggressiveness	aggressiveness	NOUN
ijtc-777	222	27	on	on	ADP
ijtc-777	222	28	company	company	NOUN
ijtc-777	222	29	value	value	NOUN
ijtc-777	222	30	.	.	PUNCT
ijtc-777	223	1	in	in	ADP
ijtc-777	223	2	conducting	conduct	VERB
ijtc-777	223	3	a	a	DET
ijtc-777	223	4	test	test	NOUN
ijtc-777	223	5	with	with	ADP
ijtc-777	223	6	50	50	NUM
ijtc-777	223	7	largest	large	ADJ
ijtc-777	223	8	companies	company	NOUN
ijtc-777	223	9	,	,	PUNCT
ijtc-777	223	10	the	the	DET
ijtc-777	223	11	tax	tax	NOUN
ijtc-777	223	12	reduction	reduction	NOUN
ijtc-777	223	13	practices	practice	NOUN
ijtc-777	223	14	carried	carry	VERB
ijtc-777	223	15	out	out	ADP
ijtc-777	223	16	by	by	ADP
ijtc-777	223	17	company	company	NOUN
ijtc-777	223	18	management	management	NOUN
ijtc-777	223	19	have	have	VERB
ijtc-777	223	20	a	a	DET
ijtc-777	223	21	more	more	ADV
ijtc-777	223	22	negative	negative	ADJ
ijtc-777	223	23	influence	influence	NOUN
ijtc-777	223	24	on	on	ADP
ijtc-777	223	25	company	company	NOUN
ijtc-777	223	26	value	value	NOUN
ijtc-777	223	27	,	,	PUNCT
ijtc-777	223	28	compared	compare	VERB
ijtc-777	223	29	to	to	ADP
ijtc-777	223	30	other	other	ADJ
ijtc-777	223	31	companies	company	NOUN
ijtc-777	223	32	.	.	PUNCT
ijtc-777	224	1	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-777	224	2	the	the	DET
ijtc-777	224	3	moderation	moderation	NOUN
ijtc-777	224	4	role	role	NOUN
ijtc-777	224	5	of	of	ADP
ijtc-777	224	6	tax	tax	NOUN
ijtc-777	224	7	rate	rate	NOUN
ijtc-777	224	8	reduction	reduction	NOUN
ijtc-777	224	9	and	and	CCONJ
ijtc-777	224	10	state	state	NOUN
ijtc-777	224	11	ownership	ownership	NOUN
ijtc-777	224	12	status	status	NOUN
ijtc-777	224	13	in	in	ADP
ijtc-777	224	14	the	the	DET
ijtc-777	224	15	effect	effect	NOUN
ijtc-777	224	16	of	of	ADP
ijtc-777	224	17	tax	tax	NOUN
ijtc-777	224	18	aggresiveness	aggresiveness	NOUN
ijtc-777	224	19	on	on	ADP
ijtc-777	224	20	company	company	NOUN
ijtc-777	224	21	value	value	NOUN
ijtc-777	224	22	ardhi	ardhi	NOUN
ijtc-777	224	23	and	and	CCONJ
ijtc-777	224	24	lubis	lubi	VERB
ijtc-777	224	25	466	466	NUM
ijtc-777	224	26	|	|	ADV
ijtc-777	224	27	ilomata	ilomata	NOUN
ijtc-777	224	28	international	international	ADJ
ijtc-777	224	29	journal	journal	NOUN
ijtc-777	224	30	of	of	ADP
ijtc-777	224	31	tax	tax	PROPN
ijtc-777	224	32	&	&	CCONJ
ijtc-777	224	33	accounting	account	VERB
ijtc-777	224	34	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-777	224	35	consistent	consistent	ADJ
ijtc-777	224	36	with	with	ADP
ijtc-777	224	37	previous	previous	ADJ
ijtc-777	224	38	tests	test	NOUN
ijtc-777	224	39	,	,	PUNCT
ijtc-777	224	40	the	the	DET
ijtc-777	224	41	contribution	contribution	NOUN
ijtc-777	224	42	of	of	ADP
ijtc-777	224	43	roa	roa	NOUN
ijtc-777	224	44	as	as	ADP
ijtc-777	224	45	the	the	DET
ijtc-777	224	46	main	main	ADJ
ijtc-777	224	47	control	control	NOUN
ijtc-777	224	48	variable	variable	NOUN
ijtc-777	224	49	always	always	ADV
ijtc-777	224	50	exerts	exert	VERB
ijtc-777	224	51	a	a	DET
ijtc-777	224	52	significant	significant	ADJ
ijtc-777	224	53	influence	influence	NOUN
ijtc-777	224	54	on	on	ADP
ijtc-777	224	55	the	the	DET
ijtc-777	224	56	value	value	NOUN
ijtc-777	224	57	of	of	ADP
ijtc-777	224	58	the	the	DET
ijtc-777	224	59	company	company	NOUN
ijtc-777	224	60	.	.	PUNCT
ijtc-777	225	1	the	the	DET
ijtc-777	225	2	interaction	interaction	NOUN
ijtc-777	225	3	of	of	ADP
ijtc-777	225	4	company	company	NOUN
ijtc-777	225	5	size	size	NOUN
ijtc-777	225	6	in	in	ADP
ijtc-777	225	7	the	the	DET
ijtc-777	225	8	model	model	NOUN
ijtc-777	225	9	that	that	PRON
ijtc-777	225	10	acts	act	VERB
ijtc-777	225	11	as	as	ADP
ijtc-777	225	12	a	a	DET
ijtc-777	225	13	moderation	moderation	NOUN
ijtc-777	225	14	variable	variable	NOUN
ijtc-777	225	15	affects	affect	VERB
ijtc-777	225	16	the	the	DET
ijtc-777	225	17	contribution	contribution	NOUN
ijtc-777	225	18	of	of	ADP
ijtc-777	225	19	lev	lev	NOUN
ijtc-777	225	20	and	and	CCONJ
ijtc-777	225	21	size	size	NOUN
ijtc-777	225	22	control	control	NOUN
ijtc-777	225	23	variables	variable	NOUN
ijtc-777	225	24	that	that	PRON
ijtc-777	225	25	become	become	VERB
ijtc-777	225	26	weaker	weak	ADJ
ijtc-777	225	27	,	,	PUNCT
ijtc-777	225	28	to	to	ADP
ijtc-777	225	29	the	the	DET
ijtc-777	225	30	value	value	NOUN
ijtc-777	225	31	of	of	ADP
ijtc-777	225	32	the	the	DET
ijtc-777	225	33	company	company	NOUN
ijtc-777	225	34	.	.	PUNCT
ijtc-777	226	1	referring	refer	VERB
ijtc-777	226	2	to	to	ADP
ijtc-777	226	3	the	the	DET
ijtc-777	226	4	third	third	ADJ
ijtc-777	226	5	and	and	CCONJ
ijtc-777	226	6	additional	additional	ADJ
ijtc-777	226	7	tests	test	NOUN
ijtc-777	226	8	,	,	PUNCT
ijtc-777	226	9	the	the	DET
ijtc-777	226	10	results	result	NOUN
ijtc-777	226	11	obtained	obtain	VERB
ijtc-777	226	12	can	can	AUX
ijtc-777	226	13	state	state	VERB
ijtc-777	226	14	that	that	SCONJ
ijtc-777	226	15	the	the	DET
ijtc-777	226	16	first	first	ADJ
ijtc-777	226	17	hypothesis	hypothesis	NOUN
ijtc-777	226	18	in	in	ADP
ijtc-777	226	19	this	this	DET
ijtc-777	226	20	study	study	NOUN
ijtc-777	226	21	is	be	AUX
ijtc-777	226	22	accepted	accept	VERB
ijtc-777	226	23	,	,	PUNCT
ijtc-777	226	24	and	and	CCONJ
ijtc-777	226	25	tax	tax	NOUN
ijtc-777	226	26	aggressiveness	aggressiveness	NOUN
ijtc-777	226	27	has	have	VERB
ijtc-777	226	28	a	a	DET
ijtc-777	226	29	negative	negative	ADJ
ijtc-777	226	30	effect	effect	NOUN
ijtc-777	226	31	on	on	ADP
ijtc-777	226	32	company	company	NOUN
ijtc-777	226	33	value	value	NOUN
ijtc-777	226	34	,	,	PUNCT
ijtc-777	226	35	thus	thus	ADV
ijtc-777	226	36	it	it	PRON
ijtc-777	226	37	is	be	AUX
ijtc-777	226	38	consistent	consistent	ADJ
ijtc-777	226	39	with	with	ADP
ijtc-777	226	40	the	the	DET
ijtc-777	226	41	previous	previous	ADJ
ijtc-777	226	42	study	study	NOUN
ijtc-777	226	43	by	by	ADP
ijtc-777	226	44	chen	chen	PROPN
ijtc-777	226	45	et	et	PROPN
ijtc-777	226	46	al	al	PROPN
ijtc-777	226	47	.	.	PROPN
ijtc-777	227	1	(	(	PUNCT
ijtc-777	227	2	2014	2014	NUM
ijtc-777	227	3	)	)	PUNCT
ijtc-777	227	4	,	,	PUNCT
ijtc-777	227	5	wahab	wahab	PROPN
ijtc-777	227	6	&	&	CCONJ
ijtc-777	227	7	holland	holland	PROPN
ijtc-777	227	8	.	.	PUNCT
ijtc-777	228	1	(	(	PUNCT
ijtc-777	228	2	2012	2012	NUM
ijtc-777	228	3	)	)	PUNCT
ijtc-777	228	4	,	,	PUNCT
ijtc-777	228	5	and	and	CCONJ
ijtc-777	228	6	hanlon	hanlon	NOUN
ijtc-777	228	7	&	&	CCONJ
ijtc-777	228	8	slemrod	slemrod	PROPN
ijtc-777	228	9	(	(	PUNCT
ijtc-777	228	10	2009	2009	NUM
ijtc-777	228	11	)	)	PUNCT
ijtc-777	228	12	from	from	ADP
ijtc-777	228	13	which	which	PRON
ijtc-777	228	14	tax	tax	NOUN
ijtc-777	228	15	aggressiveness	aggressiveness	NOUN
ijtc-777	228	16	is	be	AUX
ijtc-777	228	17	considered	consider	VERB
ijtc-777	228	18	to	to	PART
ijtc-777	228	19	have	have	VERB
ijtc-777	228	20	a	a	DET
ijtc-777	228	21	negative	negative	ADJ
ijtc-777	228	22	effect	effect	NOUN
ijtc-777	228	23	on	on	ADP
ijtc-777	228	24	company	company	NOUN
ijtc-777	228	25	value	value	NOUN
ijtc-777	228	26	.	.	PUNCT
ijtc-777	229	1	conclusion	conclusion	NOUN
ijtc-777	229	2	there	there	PRON
ijtc-777	229	3	is	be	VERB
ijtc-777	229	4	a	a	DET
ijtc-777	229	5	negative	negative	ADJ
ijtc-777	229	6	but	but	CCONJ
ijtc-777	229	7	not	not	PART
ijtc-777	229	8	significant	significant	ADJ
ijtc-777	229	9	effect	effect	NOUN
ijtc-777	229	10	of	of	ADP
ijtc-777	229	11	tax	tax	NOUN
ijtc-777	229	12	aggressiveness	aggressiveness	NOUN
ijtc-777	229	13	proxied	proxie	VERB
ijtc-777	229	14	through	through	ADP
ijtc-777	229	15	etr	etr	PROPN
ijtc-777	229	16	with	with	ADP
ijtc-777	229	17	company	company	NOUN
ijtc-777	229	18	value	value	NOUN
ijtc-777	229	19	in	in	ADP
ijtc-777	229	20	public	public	ADJ
ijtc-777	229	21	companies	company	NOUN
ijtc-777	229	22	in	in	ADP
ijtc-777	229	23	indonesia	indonesia	PROPN
ijtc-777	229	24	within	within	ADP
ijtc-777	229	25	the	the	DET
ijtc-777	229	26	2017	2017	NUM
ijtc-777	229	27	-	-	PUNCT
ijtc-777	229	28	2021	2021	NUM
ijtc-777	229	29	period	period	NOUN
ijtc-777	229	30	.	.	PUNCT
ijtc-777	230	1	this	this	PRON
ijtc-777	230	2	is	be	AUX
ijtc-777	230	3	due	due	ADJ
ijtc-777	230	4	to	to	ADP
ijtc-777	230	5	the	the	DET
ijtc-777	230	6	potential	potential	ADJ
ijtc-777	230	7	endogeneity	endogeneity	NOUN
ijtc-777	230	8	of	of	ADP
ijtc-777	230	9	etr	etr	PROPN
ijtc-777	230	10	proxies	proxy	NOUN
ijtc-777	230	11	,	,	PUNCT
ijtc-777	230	12	where	where	SCONJ
ijtc-777	230	13	companies	company	NOUN
ijtc-777	230	14	can	can	AUX
ijtc-777	230	15	determine	determine	VERB
ijtc-777	230	16	the	the	DET
ijtc-777	230	17	amount	amount	NOUN
ijtc-777	230	18	of	of	ADP
ijtc-777	230	19	etr	etr	PROPN
ijtc-777	230	20	presented	present	VERB
ijtc-777	230	21	in	in	ADP
ijtc-777	230	22	the	the	DET
ijtc-777	230	23	financial	financial	ADJ
ijtc-777	230	24	statements	statement	NOUN
ijtc-777	230	25	for	for	ADP
ijtc-777	230	26	certain	certain	ADJ
ijtc-777	230	27	reasons	reason	NOUN
ijtc-777	230	28	.	.	PUNCT
ijtc-777	231	1	the	the	DET
ijtc-777	231	2	reduction	reduction	NOUN
ijtc-777	231	3	in	in	ADP
ijtc-777	231	4	corporate	corporate	ADJ
ijtc-777	231	5	income	income	NOUN
ijtc-777	231	6	tax	tax	NOUN
ijtc-777	231	7	rates	rate	NOUN
ijtc-777	231	8	in	in	ADP
ijtc-777	231	9	2020	2020	NUM
ijtc-777	231	10	as	as	ADP
ijtc-777	231	11	the	the	DET
ijtc-777	231	12	government	government	NOUN
ijtc-777	231	13	's	's	PART
ijtc-777	231	14	response	response	NOUN
ijtc-777	231	15	in	in	ADP
ijtc-777	231	16	handling	handle	VERB
ijtc-777	231	17	economic	economic	ADJ
ijtc-777	231	18	stability	stability	NOUN
ijtc-777	231	19	due	due	ADP
ijtc-777	231	20	to	to	ADP
ijtc-777	231	21	the	the	DET
ijtc-777	231	22	covid-19	covid-19	PROPN
ijtc-777	231	23	pandemic	pandemic	NOUN
ijtc-777	231	24	did	do	AUX
ijtc-777	231	25	not	not	PART
ijtc-777	231	26	make	make	VERB
ijtc-777	231	27	a	a	DET
ijtc-777	231	28	difference	difference	NOUN
ijtc-777	231	29	in	in	ADP
ijtc-777	231	30	the	the	DET
ijtc-777	231	31	effect	effect	NOUN
ijtc-777	231	32	of	of	ADP
ijtc-777	231	33	tax	tax	NOUN
ijtc-777	231	34	aggressiveness	aggressiveness	NOUN
ijtc-777	231	35	on	on	ADP
ijtc-777	231	36	company	company	NOUN
ijtc-777	231	37	value	value	NOUN
ijtc-777	231	38	.	.	PUNCT
ijtc-777	232	1	it	it	PRON
ijtc-777	232	2	is	be	AUX
ijtc-777	232	3	possible	possible	ADJ
ijtc-777	232	4	that	that	SCONJ
ijtc-777	232	5	there	there	PRON
ijtc-777	232	6	are	be	VERB
ijtc-777	232	7	other	other	ADJ
ijtc-777	232	8	phenomena	phenomenon	NOUN
ijtc-777	232	9	in	in	ADP
ijtc-777	232	10	the	the	DET
ijtc-777	232	11	research	research	NOUN
ijtc-777	232	12	period	period	NOUN
ijtc-777	232	13	such	such	ADJ
ijtc-777	232	14	as	as	ADP
ijtc-777	232	15	covid-19	covid-19	PROPN
ijtc-777	232	16	as	as	ADP
ijtc-777	232	17	exogenous	exogenous	ADJ
ijtc-777	232	18	variables	variable	NOUN
ijtc-777	232	19	outside	outside	ADP
ijtc-777	232	20	the	the	DET
ijtc-777	232	21	study	study	NOUN
ijtc-777	232	22	that	that	PRON
ijtc-777	232	23	will	will	AUX
ijtc-777	232	24	better	well	ADV
ijtc-777	232	25	explain	explain	VERB
ijtc-777	232	26	changes	change	NOUN
ijtc-777	232	27	in	in	ADP
ijtc-777	232	28	company	company	NOUN
ijtc-777	232	29	value	value	NOUN
ijtc-777	232	30	each	each	DET
ijtc-777	232	31	year	year	NOUN
ijtc-777	232	32	.	.	PUNCT
ijtc-777	233	1	grouping	group	VERB
ijtc-777	233	2	company	company	NOUN
ijtc-777	233	3	size	size	NOUN
ijtc-777	233	4	exerts	exert	VERB
ijtc-777	233	5	a	a	DET
ijtc-777	233	6	significant	significant	ADJ
ijtc-777	233	7	influence	influence	NOUN
ijtc-777	233	8	with	with	ADP
ijtc-777	233	9	the	the	DET
ijtc-777	233	10	rate	rate	NOUN
ijtc-777	233	11	of	of	ADP
ijtc-777	233	12	α	α	NOUN
ijtc-777	233	13	=	=	SYM
ijtc-777	233	14	10	10	NUM
ijtc-777	233	15	%	%	NOUN
ijtc-777	233	16	and	and	CCONJ
ijtc-777	233	17	α	α	NOUN
ijtc-777	233	18	=	=	SYM
ijtc-777	233	19	5	5	NUM
ijtc-777	233	20	%	%	NOUN
ijtc-777	233	21	in	in	ADP
ijtc-777	233	22	the	the	DET
ijtc-777	233	23	50	50	NUM
ijtc-777	233	24	largest	large	ADJ
ijtc-777	233	25	companies	company	NOUN
ijtc-777	233	26	,	,	PUNCT
ijtc-777	233	27	regarding	regard	VERB
ijtc-777	233	28	the	the	DET
ijtc-777	233	29	relationship	relationship	NOUN
ijtc-777	233	30	between	between	ADP
ijtc-777	233	31	tax	tax	NOUN
ijtc-777	233	32	aggressiveness	aggressiveness	NOUN
ijtc-777	233	33	and	and	CCONJ
ijtc-777	233	34	company	company	NOUN
ijtc-777	233	35	value	value	NOUN
ijtc-777	233	36	.	.	PUNCT
ijtc-777	234	1	this	this	DET
ijtc-777	234	2	negative	negative	ADJ
ijtc-777	234	3	influence	influence	NOUN
ijtc-777	234	4	is	be	AUX
ijtc-777	234	5	indirectly	indirectly	ADV
ijtc-777	234	6	in	in	ADP
ijtc-777	234	7	line	line	NOUN
ijtc-777	234	8	with	with	ADP
ijtc-777	234	9	the	the	DET
ijtc-777	234	10	concept	concept	NOUN
ijtc-777	234	11	of	of	ADP
ijtc-777	234	12	political	political	ADJ
ijtc-777	234	13	cost	cost	NOUN
ijtc-777	234	14	where	where	SCONJ
ijtc-777	234	15	the	the	DET
ijtc-777	234	16	size	size	NOUN
ijtc-777	234	17	of	of	ADP
ijtc-777	234	18	the	the	DET
ijtc-777	234	19	company	company	NOUN
ijtc-777	234	20	is	be	AUX
ijtc-777	234	21	in	in	ADP
ijtc-777	234	22	line	line	NOUN
ijtc-777	234	23	with	with	ADP
ijtc-777	234	24	the	the	DET
ijtc-777	234	25	amount	amount	NOUN
ijtc-777	234	26	of	of	ADP
ijtc-777	234	27	political	political	ADJ
ijtc-777	234	28	costs	cost	NOUN
ijtc-777	234	29	(	(	PUNCT
ijtc-777	234	30	including	include	VERB
ijtc-777	234	31	taxes	taxis	NOUN
ijtc-777	234	32	)	)	PUNCT
ijtc-777	234	33	incurred	incur	VERB
ijtc-777	234	34	by	by	ADP
ijtc-777	234	35	the	the	DET
ijtc-777	234	36	company	company	NOUN
ijtc-777	234	37	.	.	PUNCT
ijtc-777	235	1	references	reference	NOUN
ijtc-777	235	2	abdelfattaha	abdelfattaha	NOUN
ijtc-777	235	3	,	,	PUNCT
ijtc-777	235	4	t.	t.	PROPN
ijtc-777	235	5	,	,	PUNCT
ijtc-777	235	6	&	&	CCONJ
ijtc-777	235	7	aboud	aboud	PROPN
ijtc-777	235	8	,	,	PUNCT
ijtc-777	235	9	a.	a.	NOUN
ijtc-777	235	10	(	(	PUNCT
ijtc-777	235	11	2020	2020	NUM
ijtc-777	235	12	)	)	PUNCT
ijtc-777	235	13	.	.	PUNCT
ijtc-777	236	1	tax	tax	NOUN
ijtc-777	236	2	avoidance	avoidance	NOUN
ijtc-777	236	3	,	,	PUNCT
ijtc-777	236	4	corporate	corporate	ADJ
ijtc-777	236	5	governance	governance	NOUN
ijtc-777	236	6	,	,	PUNCT
ijtc-777	236	7	and	and	CCONJ
ijtc-777	236	8	corporate	corporate	ADJ
ijtc-777	236	9	social	social	ADJ
ijtc-777	236	10	responsibility	responsibility	NOUN
ijtc-777	236	11	 	 	SPACE
ijtc-777	236	12	:	:	PUNCT
ijtc-777	236	13	the	the	DET
ijtc-777	236	14	case	case	NOUN
ijtc-777	236	15	of	of	ADP
ijtc-777	236	16	the	the	DET
ijtc-777	236	17	egyptian	egyptian	ADJ
ijtc-777	236	18	capital	capital	NOUN
ijtc-777	236	19	market	market	NOUN
ijtc-777	236	20	.	.	PUNCT
ijtc-777	237	1	journal	journal	PROPN
ijtc-777	237	2	of	of	ADP
ijtc-777	237	3	international	international	ADJ
ijtc-777	237	4	accounting	accounting	NOUN
ijtc-777	237	5	,	,	PUNCT
ijtc-777	237	6	auditing	auditing	NOUN
ijtc-777	237	7	,	,	PUNCT
ijtc-777	237	8	and	and	CCONJ
ijtc-777	237	9	taxation	taxation	NOUN
ijtc-777	237	10	.	.	PUNCT
ijtc-777	238	1	agustia	agustia	PROPN
ijtc-777	238	2	,	,	PUNCT
ijtc-777	238	3	d.	d.	PROPN
ijtc-777	238	4	,	,	PUNCT
ijtc-777	238	5	sawarjuwono	sawarjuwono	PROPN
ijtc-777	238	6	,	,	PUNCT
ijtc-777	238	7	t.	t.	PROPN
ijtc-777	238	8	,	,	PUNCT
ijtc-777	238	9	&	&	CCONJ
ijtc-777	238	10	dianawati	dianawati	PROPN
ijtc-777	238	11	,	,	PUNCT
ijtc-777	238	12	w.	w.	NOUN
ijtc-777	238	13	(	(	PUNCT
ijtc-777	238	14	2019	2019	NUM
ijtc-777	238	15	)	)	PUNCT
ijtc-777	238	16	.	.	PUNCT
ijtc-777	239	1	the	the	DET
ijtc-777	239	2	mediating	mediate	VERB
ijtc-777	239	3	effect	effect	NOUN
ijtc-777	239	4	of	of	ADP
ijtc-777	239	5	environmental	environmental	ADJ
ijtc-777	239	6	management	management	NOUN
ijtc-777	239	7	accounting	account	VERB
ijtc-777	239	8	on	on	ADP
ijtc-777	239	9	green	green	ADJ
ijtc-777	239	10	innovation	innovation	NOUN
ijtc-777	239	11	firm	firm	NOUN
ijtc-777	239	12	value	value	NOUN
ijtc-777	239	13	relationship	relationship	NOUN
ijtc-777	239	14	.	.	PUNCT
ijtc-777	240	1	international	international	ADJ
ijtc-777	240	2	journal	journal	PROPN
ijtc-777	240	3	of	of	ADP
ijtc-777	240	4	energy	energy	NOUN
ijtc-777	240	5	economics	economic	NOUN
ijtc-777	240	6	and	and	CCONJ
ijtc-777	240	7	policy	policy	NOUN
ijtc-777	240	8	,	,	PUNCT
ijtc-777	240	9	9(2	9(2	NUM
ijtc-777	240	10	)	)	PUNCT
ijtc-777	240	11	,	,	PUNCT
ijtc-777	240	12	299–306	299–306	NUM
ijtc-777	240	13	.	.	PUNCT
ijtc-777	241	1	https://doi.org/10.32479/ijeep.7438	https://doi.org/10.32479/ijeep.7438	PROPN
ijtc-777	241	2	barly	barly	ADV
ijtc-777	241	3	,	,	PUNCT
ijtc-777	241	4	h.	h.	PROPN
ijtc-777	241	5	(	(	PUNCT
ijtc-777	241	6	2018	2018	NUM
ijtc-777	241	7	)	)	PUNCT
ijtc-777	241	8	.	.	PUNCT
ijtc-777	242	1	pengaruh	pengaruh	NOUN
ijtc-777	242	2	leverage	leverage	NOUN
ijtc-777	242	3	dan	dan	PROPN
ijtc-777	242	4	firm	firm	PROPN
ijtc-777	242	5	size	size	NOUN
ijtc-777	242	6	terhadap	terhadap	PROPN
ijtc-777	242	7	penghindaran	penghindaran	VERB
ijtc-777	242	8	pajak	pajak	ADV
ijtc-777	242	9	.	.	PUNCT
ijtc-777	243	1	jurnal	jurnal	ADJ
ijtc-777	243	2	ilmiah	ilmiah	PROPN
ijtc-777	243	3	akuntansi	akuntansi	PROPN
ijtc-777	243	4	universitas	universitas	PROPN
ijtc-777	243	5	pamulang	pamulang	PROPN
ijtc-777	243	6	(	(	PUNCT
ijtc-777	243	7	vol	vol	NOUN
ijtc-777	243	8	.	.	PROPN
ijtc-777	243	9	6	6	NUM
ijtc-777	243	10	,	,	PUNCT
ijtc-777	243	11	issue	issue	NOUN
ijtc-777	243	12	2	2	NUM
ijtc-777	243	13	,	,	PUNCT
ijtc-777	243	14	p.	p.	NOUN
ijtc-777	243	15	2339–0867	2339–0867	NUM
ijtc-777	243	16	)	)	PUNCT
ijtc-777	243	17	.	.	PUNCT
ijtc-777	244	1	chen	chen	PROPN
ijtc-777	244	2	,	,	PUNCT
ijtc-777	244	3	x.	x.	PROPN
ijtc-777	244	4	,	,	PUNCT
ijtc-777	244	5	hu	hu	PROPN
ijtc-777	244	6	,	,	PUNCT
ijtc-777	244	7	n.	n.	PROPN
ijtc-777	244	8	,	,	PUNCT
ijtc-777	244	9	wang	wang	PROPN
ijtc-777	244	10	,	,	PUNCT
ijtc-777	244	11	x.	x.	PROPN
ijtc-777	244	12	,	,	PUNCT
ijtc-777	244	13	&	&	CCONJ
ijtc-777	244	14	tang	tang	PROPN
ijtc-777	244	15	,	,	PUNCT
ijtc-777	244	16	x.	x.	NOUN
ijtc-777	244	17	(	(	PUNCT
ijtc-777	244	18	2014	2014	NUM
ijtc-777	244	19	)	)	PUNCT
ijtc-777	244	20	.	.	PUNCT
ijtc-777	245	1	tax	tax	NOUN
ijtc-777	245	2	avoidance	avoidance	NOUN
ijtc-777	245	3	and	and	CCONJ
ijtc-777	245	4	firm	firm	ADJ
ijtc-777	245	5	value	value	NOUN
ijtc-777	245	6	:	:	PUNCT
ijtc-777	245	7	evidence	evidence	NOUN
ijtc-777	245	8	from	from	ADP
ijtc-777	245	9	china	china	PROPN
ijtc-777	245	10	.	.	PUNCT
ijtc-777	246	1	nankai	nankai	PROPN
ijtc-777	246	2	business	business	PROPN
ijtc-777	246	3	review	review	PROPN
ijtc-777	246	4	international	international	ADJ
ijtc-777	246	5	,	,	PUNCT
ijtc-777	246	6	5(1	5(1	NUM
ijtc-777	246	7	)	)	PUNCT
ijtc-777	246	8	,	,	PUNCT
ijtc-777	246	9	25–42	25–42	NUM
ijtc-777	246	10	.	.	PUNCT
ijtc-777	247	1	https://doi.org/10.1108/nbri-102013-0037	https://doi.org/10.1108/nbri-102013-0037	PROPN
ijtc-777	247	2	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	VERB
ijtc-777	247	3	the	the	DET
ijtc-777	247	4	moderation	moderation	NOUN
ijtc-777	247	5	role	role	NOUN
ijtc-777	247	6	of	of	ADP
ijtc-777	247	7	tax	tax	NOUN
ijtc-777	247	8	rate	rate	NOUN
ijtc-777	247	9	reduction	reduction	NOUN
ijtc-777	247	10	and	and	CCONJ
ijtc-777	247	11	state	state	NOUN
ijtc-777	247	12	ownership	ownership	NOUN
ijtc-777	247	13	status	status	NOUN
ijtc-777	247	14	in	in	ADP
ijtc-777	247	15	the	the	DET
ijtc-777	247	16	effect	effect	NOUN
ijtc-777	247	17	of	of	ADP
ijtc-777	247	18	tax	tax	NOUN
ijtc-777	247	19	aggresiveness	aggresiveness	NOUN
ijtc-777	247	20	on	on	ADP
ijtc-777	247	21	company	company	NOUN
ijtc-777	247	22	value	value	NOUN
ijtc-777	247	23	ardhi	ardhi	NOUN
ijtc-777	247	24	and	and	CCONJ
ijtc-777	247	25	lubis	lubi	VERB
ijtc-777	247	26	467	467	NUM
ijtc-777	247	27	|	|	ADV
ijtc-777	247	28	ilomata	ilomata	PROPN
ijtc-777	247	29	international	international	ADJ
ijtc-777	247	30	journal	journal	NOUN
ijtc-777	247	31	of	of	ADP
ijtc-777	247	32	tax	tax	PROPN
ijtc-777	247	33	&	&	CCONJ
ijtc-777	247	34	accounting	account	VERB
ijtc-777	247	35	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-777	247	36	detikfinance	detikfinance	NOUN
ijtc-777	247	37	.	.	PUNCT
ijtc-777	248	1	(	(	PUNCT
ijtc-777	248	2	2019	2019	NUM
ijtc-777	248	3	)	)	PUNCT
ijtc-777	248	4	.	.	PUNCT
ijtc-777	249	1	mengenal	mengenal	ADJ
ijtc-777	249	2	soal	soal	NOUN
ijtc-777	249	3	penghindaran	penghindaran	VERB
ijtc-777	249	4	pajak	pajak	PROPN
ijtc-777	249	5	yang	yang	PROPN
ijtc-777	249	6	dituduhkan	dituduhkan	PROPN
ijtc-777	249	7	ke	ke	PROPN
ijtc-777	249	8	adaro	adaro	NOUN
ijtc-777	249	9	.	.	PUNCT
ijtc-777	250	1	https://finance.detik.com/berita-ekonomi-bisnis/d-4612708/mengenal-soal-penghindaranpajak-yang-dituduhkan-ke-adaro	https://finance.detik.com/berita-ekonomi-bisnis/d-4612708/mengenal-soal-penghindaranpajak-yang-dituduhkan-ke-adaro	PROPN
ijtc-777	250	2	dewi	dewi	PROPN
ijtc-777	250	3	,	,	PUNCT
ijtc-777	250	4	r.	r.	PROPN
ijtc-777	250	5	,	,	PUNCT
ijtc-777	250	6	&	&	CCONJ
ijtc-777	250	7	rahmianingsih	rahmianingsih	PROPN
ijtc-777	250	8	,	,	PUNCT
ijtc-777	250	9	a.	a.	NOUN
ijtc-777	250	10	(	(	PUNCT
ijtc-777	250	11	2020	2020	NUM
ijtc-777	250	12	)	)	PUNCT
ijtc-777	250	13	.	.	PUNCT
ijtc-777	251	1	increasing	increase	VERB
ijtc-777	251	2	company	company	NOUN
ijtc-777	251	3	value	value	NOUN
ijtc-777	251	4	through	through	ADP
ijtc-777	251	5	green	green	ADJ
ijtc-777	251	6	innovation	innovation	NOUN
ijtc-777	251	7	and	and	CCONJ
ijtc-777	251	8	eco-efficiency.expansion	eco-efficiency.expansion	NOUN
ijtc-777	251	9	.	.	PUNCT
ijtc-777	252	1	journal	journal	PROPN
ijtc-777	252	2	of	of	ADP
ijtc-777	252	3	economics	economic	NOUN
ijtc-777	252	4	,	,	PUNCT
ijtc-777	252	5	finance	finance	NOUN
ijtc-777	252	6	,	,	PUNCT
ijtc-777	252	7	banking	banking	NOUN
ijtc-777	252	8	and	and	CCONJ
ijtc-777	252	9	accounting	accounting	NOUN
ijtc-777	252	10	,	,	PUNCT
ijtc-777	252	11	12(2	12(2	NUM
ijtc-777	252	12	)	)	PUNCT
ijtc-777	252	13	,	,	PUNCT
ijtc-777	252	14	225–243	225–243	NUM
ijtc-777	252	15	.	.	PUNCT
ijtc-777	253	1	https://doi.org/10.35313/ekspansi.v12i2.2241	https://doi.org/10.35313/ekspansi.v12i2.2241	X
ijtc-777	253	2	dirman	dirman	PROPN
ijtc-777	253	3	,	,	PUNCT
ijtc-777	253	4	a.	a.	NOUN
ijtc-777	253	5	(	(	PUNCT
ijtc-777	253	6	2020	2020	NUM
ijtc-777	253	7	)	)	PUNCT
ijtc-777	253	8	.	.	PUNCT
ijtc-777	254	1	financial	financial	ADJ
ijtc-777	254	2	distress	distress	NOUN
ijtc-777	254	3	:	:	PUNCT
ijtc-777	254	4	the	the	DET
ijtc-777	254	5	impacts	impact	NOUN
ijtc-777	254	6	of	of	ADP
ijtc-777	254	7	profitability	profitability	NOUN
ijtc-777	254	8	,	,	PUNCT
ijtc-777	254	9	liquidity	liquidity	NOUN
ijtc-777	254	10	,	,	PUNCT
ijtc-777	254	11	leverage	leverage	NOUN
ijtc-777	254	12	,	,	PUNCT
ijtc-777	254	13	firm	firm	ADJ
ijtc-777	254	14	size	size	NOUN
ijtc-777	254	15	,	,	PUNCT
ijtc-777	254	16	and	and	CCONJ
ijtc-777	254	17	free	free	ADJ
ijtc-777	254	18	cash	cash	NOUN
ijtc-777	254	19	flow	flow	NOUN
ijtc-777	254	20	.	.	PUNCT
ijtc-777	255	1	international	international	ADJ
ijtc-777	255	2	journal	journal	PROPN
ijtc-777	255	3	of	of	ADP
ijtc-777	255	4	business	business	NOUN
ijtc-777	255	5	,	,	PUNCT
ijtc-777	255	6	economics	economic	NOUN
ijtc-777	255	7	and	and	CCONJ
ijtc-777	255	8	law	law	NOUN
ijtc-777	255	9	,	,	PUNCT
ijtc-777	255	10	22(1	22(1	NUM
ijtc-777	255	11	)	)	PUNCT
ijtc-777	255	12	,	,	PUNCT
ijtc-777	255	13	17–25	17–25	NUM
ijtc-777	255	14	.	.	PUNCT
ijtc-777	255	15	drucker	drucker	PROPN
ijtc-777	255	16	,	,	PUNCT
ijtc-777	255	17	j.	j.	PROPN
ijtc-777	255	18	,	,	PUNCT
ijtc-777	255	19	funderburg	funderburg	PROPN
ijtc-777	255	20	,	,	PUNCT
ijtc-777	255	21	r.	r.	PROPN
ijtc-777	255	22	,	,	PUNCT
ijtc-777	255	23	merriman	merriman	PROPN
ijtc-777	255	24	,	,	PUNCT
ijtc-777	255	25	d.	d.	PROPN
ijtc-777	255	26	,	,	PUNCT
ijtc-777	255	27	&	&	CCONJ
ijtc-777	255	28	weber	weber	PROPN
ijtc-777	255	29	,	,	PUNCT
ijtc-777	255	30	r.	r.	PROPN
ijtc-777	255	31	(	(	PUNCT
ijtc-777	255	32	2020	2020	NUM
ijtc-777	255	33	)	)	PUNCT
ijtc-777	255	34	.	.	PUNCT
ijtc-777	256	1	do	do	AUX
ijtc-777	256	2	local	local	ADJ
ijtc-777	256	3	governments	government	NOUN
ijtc-777	256	4	use	use	VERB
ijtc-777	256	5	business	business	NOUN
ijtc-777	256	6	tax	tax	NOUN
ijtc-777	256	7	incentives	incentive	NOUN
ijtc-777	256	8	to	to	PART
ijtc-777	256	9	compensate	compensate	VERB
ijtc-777	256	10	for	for	ADP
ijtc-777	256	11	high	high	ADJ
ijtc-777	256	12	business	business	NOUN
ijtc-777	256	13	property	property	NOUN
ijtc-777	256	14	taxes	taxis	NOUN
ijtc-777	256	15	?	?	PUNCT
ijtc-777	257	1	regional	regional	ADJ
ijtc-777	257	2	science	science	NOUN
ijtc-777	257	3	and	and	CCONJ
ijtc-777	257	4	urban	urban	ADJ
ijtc-777	257	5	economics	economic	NOUN
ijtc-777	257	6	,	,	PUNCT
ijtc-777	257	7	81	81	NUM
ijtc-777	257	8	.	.	PUNCT
ijtc-777	258	1	https://doi.org/10.1016/j.regsciurbeco.2019.103498	https://doi.org/10.1016/j.regsciurbeco.2019.103498	VERB
ijtc-777	258	2	frank	frank	ADJ
ijtc-777	258	3	,	,	PUNCT
ijtc-777	258	4	m.	m.	NOUN
ijtc-777	258	5	m.	m.	NOUN
ijtc-777	258	6	,	,	PUNCT
ijtc-777	258	7	lynch	lynch	PROPN
ijtc-777	258	8	,	,	PUNCT
ijtc-777	258	9	l.	l.	PROPN
ijtc-777	258	10	j.	j.	PROPN
ijtc-777	258	11	,	,	PUNCT
ijtc-777	258	12	&	&	CCONJ
ijtc-777	258	13	rego	rego	PROPN
ijtc-777	258	14	,	,	PUNCT
ijtc-777	258	15	s.	s.	PROPN
ijtc-777	258	16	o.	o.	PROPN
ijtc-777	258	17	(	(	PUNCT
ijtc-777	258	18	2009	2009	NUM
ijtc-777	258	19	)	)	PUNCT
ijtc-777	258	20	.	.	PUNCT
ijtc-777	259	1	tax	tax	NOUN
ijtc-777	259	2	reporting	reporting	NOUN
ijtc-777	259	3	aggressiveness	aggressiveness	NOUN
ijtc-777	259	4	and	and	CCONJ
ijtc-777	259	5	its	its	PRON
ijtc-777	259	6	relation	relation	NOUN
ijtc-777	259	7	to	to	ADP
ijtc-777	259	8	aggressive	aggressive	ADJ
ijtc-777	259	9	financial	financial	ADJ
ijtc-777	259	10	reporting	reporting	NOUN
ijtc-777	259	11	.	.	PUNCT
ijtc-777	260	1	the	the	DET
ijtc-777	260	2	accounting	accounting	NOUN
ijtc-777	260	3	review	review	PROPN
ijtc-777	260	4	,	,	PUNCT
ijtc-777	260	5	84(2	84(2	NUM
ijtc-777	260	6	)	)	PUNCT
ijtc-777	260	7	,	,	PUNCT
ijtc-777	260	8	467–496	467–496	NUM
ijtc-777	260	9	.	.	PUNCT
ijtc-777	261	1	http://www.jstor.org/stable/27802660	http://www.jstor.org/stable/27802660	PROPN
ijtc-777	261	2	frista	frista	PROPN
ijtc-777	261	3	.	.	PUNCT
ijtc-777	262	1	(	(	PUNCT
ijtc-777	262	2	2018	2018	NUM
ijtc-777	262	3	)	)	PUNCT
ijtc-777	262	4	.	.	PUNCT
ijtc-777	263	1	pengaruh	pengaruh	NOUN
ijtc-777	263	2	perubahan	perubahan	PROPN
ijtc-777	263	3	tarif	tarif	PROPN
ijtc-777	263	4	pajak	pajak	PROPN
ijtc-777	263	5	terhadap	terhadap	PROPN
ijtc-777	263	6	hubungan	hubungan	PROPN
ijtc-777	263	7	agresivitas	agresivita	NOUN
ijtc-777	263	8	pelaporan	pelaporan	NOUN
ijtc-777	263	9	keuangan	keuangan	PROPN
ijtc-777	263	10	dan	dan	PROPN
ijtc-777	263	11	agresivitas	agresivita	VERB
ijtc-777	263	12	pajak	pajak	ADV
ijtc-777	263	13	.	.	PUNCT
ijtc-777	264	1	in	in	ADP
ijtc-777	264	2	tesis	tesis	PROPN
ijtc-777	264	3	.	.	PUNCT
ijtc-777	265	1	program	program	NOUN
ijtc-777	265	2	pasca	pasca	NOUN
ijtc-777	265	3	sarjana	sarjana	PROPN
ijtc-777	265	4	ilmu	ilmu	PROPN
ijtc-777	265	5	akuntansi	akuntansi	PROPN
ijtc-777	265	6	fakultas	fakulta	VERB
ijtc-777	265	7	ekonomi	ekonomi	PROPN
ijtc-777	265	8	dan	dan	PROPN
ijtc-777	265	9	bisnis	bisnis	PROPN
ijtc-777	265	10	universitas	universita	VERB
ijtc-777	265	11	indonesia	indonesia	PROPN
ijtc-777	265	12	.	.	PUNCT
ijtc-777	266	1	ghozali	ghozali	PROPN
ijtc-777	266	2	,	,	PUNCT
ijtc-777	266	3	i.	i.	PROPN
ijtc-777	266	4	(	(	PUNCT
ijtc-777	266	5	2018	2018	NUM
ijtc-777	266	6	)	)	PUNCT
ijtc-777	266	7	.	.	PUNCT
ijtc-777	267	1	aplikasi	aplikasi	PROPN
ijtc-777	267	2	analisis	analisis	PROPN
ijtc-777	267	3	multivariate	multivariate	PROPN
ijtc-777	267	4	dengan	dengan	PROPN
ijtc-777	267	5	program	program	PROPN
ijtc-777	267	6	ibm	ibm	PROPN
ijtc-777	267	7	spss	spss	PROPN
ijtc-777	267	8	.	.	PUNCT
ijtc-777	268	1	25	25	NUM
ijtc-777	268	2	.	.	PUNCT
ijtc-777	268	3	badan	badan	PROPN
ijtc-777	268	4	penerbit	penerbit	PROPN
ijtc-777	268	5	universitas	universita	NOUN
ijtc-777	268	6	diponegoro	diponegoro	PROPN
ijtc-777	268	7	.	.	PUNCT
ijtc-777	269	1	hantina	hantina	PROPN
ijtc-777	269	2	,	,	PUNCT
ijtc-777	269	3	v.	v.	PROPN
ijtc-777	269	4	(	(	PUNCT
ijtc-777	269	5	2014	2014	NUM
ijtc-777	269	6	)	)	PUNCT
ijtc-777	269	7	.	.	PUNCT
ijtc-777	270	1	pengaruh	pengaruh	NOUN
ijtc-777	270	2	agresivitas	agresivita	VERB
ijtc-777	270	3	laporan	laporan	VERB
ijtc-777	270	4	pajak	pajak	PROPN
ijtc-777	270	5	terhadap	terhadap	PROPN
ijtc-777	270	6	agresivitas	agresivita	NOUN
ijtc-777	270	7	laporan	laporan	ADJ
ijtc-777	270	8	keuangan	keuangan	PROPN
ijtc-777	270	9	dengan	dengan	PROPN
ijtc-777	271	1	kepemilikan	kepemilikan	PROPN
ijtc-777	271	2	keluarga	keluarga	PROPN
ijtc-777	271	3	dan	dan	PROPN
ijtc-777	271	4	kualitas	kualitas	PROPN
ijtc-777	271	5	audit	audit	PROPN
ijtc-777	271	6	sebagai	sebagai	PROPN
ijtc-777	271	7	variabel	variabel	PROPN
ijtc-777	271	8	moderasi	moderasi	PROPN
ijtc-777	271	9	.	.	PUNCT
ijtc-777	272	1	jia	jia	PROPN
ijtc-777	272	2	,	,	PUNCT
ijtc-777	272	3	j.	j.	PROPN
ijtc-777	272	4	,	,	PUNCT
ijtc-777	272	5	ding	ding	PROPN
ijtc-777	272	6	,	,	PUNCT
ijtc-777	272	7	s.	s.	PROPN
ijtc-777	272	8	,	,	PUNCT
ijtc-777	272	9	&	&	CCONJ
ijtc-777	272	10	liu	liu	PROPN
ijtc-777	272	11	,	,	PUNCT
ijtc-777	272	12	y.	y.	PROPN
ijtc-777	272	13	(	(	PUNCT
ijtc-777	272	14	2020	2020	NUM
ijtc-777	272	15	)	)	PUNCT
ijtc-777	272	16	.	.	PUNCT
ijtc-777	273	1	decentralization	decentralization	NOUN
ijtc-777	273	2	,	,	PUNCT
ijtc-777	273	3	incentives	incentive	NOUN
ijtc-777	273	4	,	,	PUNCT
ijtc-777	273	5	and	and	CCONJ
ijtc-777	273	6	local	local	ADJ
ijtc-777	273	7	tax	tax	NOUN
ijtc-777	273	8	enforcement	enforcement	NOUN
ijtc-777	273	9	.	.	PUNCT
ijtc-777	274	1	journal	journal	NOUN
ijtc-777	274	2	of	of	ADP
ijtc-777	274	3	urban	urban	ADJ
ijtc-777	274	4	economics	economic	NOUN
ijtc-777	274	5	,	,	PUNCT
ijtc-777	274	6	115	115	NUM
ijtc-777	274	7	.	.	PUNCT
ijtc-777	275	1	https://doi.org/10.1016/j.jue.2019.103225	https://doi.org/10.1016/j.jue.2019.103225	X
ijtc-777	276	1	kamila	kamila	PROPN
ijtc-777	276	2	,	,	PUNCT
ijtc-777	276	3	p.	p.	PROPN
ijtc-777	276	4	a.	a.	PROPN
ijtc-777	276	5	dan	dan	PROPN
ijtc-777	276	6	d.	d.	PROPN
ijtc-777	276	7	m.	m.	PROPN
ijtc-777	276	8	(	(	PUNCT
ijtc-777	276	9	2017	2017	NUM
ijtc-777	276	10	)	)	PUNCT
ijtc-777	276	11	.	.	PUNCT
ijtc-777	277	1	analisis	analisis	ADJ
ijtc-777	277	2	hubungan	hubungan	ADJ
ijtc-777	277	3	agresivitas	agresivita	NOUN
ijtc-777	277	4	pelaporan	pelaporan	NOUN
ijtc-777	277	5	keuangan	keuangan	PROPN
ijtc-777	277	6	dan	dan	PROPN
ijtc-777	277	7	agresivitas	agresivita	VERB
ijtc-777	277	8	pajak	pajak	ADV
ijtc-777	277	9	.	.	PUNCT
ijtc-777	278	1	jurnal	jurnal	ADJ
ijtc-777	278	2	keuangan	keuangan	PROPN
ijtc-777	278	3	dan	dan	PROPN
ijtc-777	278	4	perbankan	perbankan	PROPN
ijtc-777	278	5	,	,	PUNCT
ijtc-777	278	6	16(2	16(2	NUM
ijtc-777	278	7	)	)	PUNCT
ijtc-777	278	8	.	.	PUNCT
ijtc-777	279	1	kurniawan	kurniawan	PROPN
ijtc-777	279	2	,	,	PUNCT
ijtc-777	279	3	m.	m.	PROPN
ijtc-777	279	4	s.	s.	PROPN
ijtc-777	279	5	(	(	PUNCT
ijtc-777	279	6	2015	2015	NUM
ijtc-777	279	7	)	)	PUNCT
ijtc-777	279	8	.	.	PUNCT
ijtc-777	280	1	pengaruh	pengaruh	VERB
ijtc-777	280	2	good	good	ADJ
ijtc-777	280	3	corporate	corporate	ADJ
ijtc-777	280	4	governance	governance	NOUN
ijtc-777	280	5	,	,	PUNCT
ijtc-777	280	6	corporate	corporate	ADJ
ijtc-777	280	7	social	social	ADJ
ijtc-777	280	8	responsibility	responsibility	NOUN
ijtc-777	280	9	,	,	PUNCT
ijtc-777	280	10	ukuran	ukuran	PROPN
ijtc-777	280	11	perusahaan	perusahaan	PROPN
ijtc-777	280	12	terhadap	terhadap	PROPN
ijtc-777	280	13	tindakan	tindakan	PROPN
ijtc-777	281	1	pajak	pajak	PROPN
ijtc-777	281	2	agresif	agresif	PROPN
ijtc-777	281	3	pada	pada	PROPN
ijtc-777	281	4	perusahaan	perusahaan	PROPN
ijtc-777	281	5	manufaktur	manufaktur	PROPN
ijtc-777	281	6	yang	yang	PROPN
ijtc-777	281	7	terdaftar	terdaftar	PROPN
ijtc-777	281	8	di	di	PROPN
ijtc-777	281	9	bei	bei	PROPN
ijtc-777	281	10	periode	periode	PROPN
ijtc-777	281	11	2012	2012	NUM
ijtc-777	281	12	-	-	SYM
ijtc-777	281	13	2014	2014	NUM
ijtc-777	281	14	.	.	PUNCT
ijtc-777	282	1	in	in	ADP
ijtc-777	282	2	tesis	tesis	PROPN
ijtc-777	282	3	.	.	PUNCT
ijtc-777	283	1	program	program	PROPN
ijtc-777	283	2	studi	studi	PROPN
ijtc-777	283	3	magister	magister	PROPN
ijtc-777	283	4	akuntansi	akuntansi	PROPN
ijtc-777	283	5	universitas	universitas	PROPN
ijtc-777	283	6	indonesia	indonesia	PROPN
ijtc-777	283	7	.	.	PUNCT
ijtc-777	284	1	labunets.e	labunets.e	PROPN
ijtc-777	284	2	.	.	PROPN
ijtc-777	284	3	,	,	PUNCT
ijtc-777	284	4	&	&	CCONJ
ijtc-777	284	5	i.a	i.a	PROPN
ijtc-777	284	6	,	,	PUNCT
ijtc-777	284	7	m.	m.	NOUN
ijtc-777	284	8	(	(	PUNCT
ijtc-777	284	9	2022	2022	NUM
ijtc-777	284	10	)	)	PUNCT
ijtc-777	284	11	.	.	PUNCT
ijtc-777	285	1	the	the	DET
ijtc-777	285	2	impact	impact	NOUN
ijtc-777	285	3	of	of	ADP
ijtc-777	285	4	the	the	DET
ijtc-777	285	5	size	size	NOUN
ijtc-777	285	6	of	of	ADP
ijtc-777	285	7	enterprises	enterprise	NOUN
ijtc-777	285	8	on	on	ADP
ijtc-777	285	9	tax	tax	NOUN
ijtc-777	285	10	evasion	evasion	NOUN
ijtc-777	285	11	in	in	ADP
ijtc-777	285	12	the	the	DET
ijtc-777	285	13	forestry	forestry	NOUN
ijtc-777	285	14	industry	industry	NOUN
ijtc-777	285	15	of	of	ADP
ijtc-777	285	16	russia	russia	PROPN
ijtc-777	285	17	.	.	PUNCT
ijtc-777	286	1	journal	journal	PROPN
ijtc-777	286	2	of	of	ADP
ijtc-777	286	3	tax	tax	NOUN
ijtc-777	286	4	,	,	PUNCT
ijtc-777	286	5	reform.8(1):88–101	reform.8(1):88–101	PROPN
ijtc-777	286	6	.	.	PUNCT
ijtc-777	287	1	https://doi.org/10.15826/	https://doi.org/10.15826/	PROPN
ijtc-777	287	2	liang	liang	PROPN
ijtc-777	287	3	,	,	PUNCT
ijtc-777	287	4	w.	w.	PROPN
ijtc-777	287	5	,	,	PUNCT
ijtc-777	287	6	&	&	CCONJ
ijtc-777	287	7	ye	ye	PROPN
ijtc-777	287	8	,	,	PUNCT
ijtc-777	287	9	a.	a.	NOUN
ijtc-777	287	10	(	(	PUNCT
ijtc-777	287	11	2021	2021	NUM
ijtc-777	287	12	)	)	PUNCT
ijtc-777	287	13	.	.	PUNCT
ijtc-777	288	1	the	the	DET
ijtc-777	288	2	impact	impact	NOUN
ijtc-777	288	3	of	of	ADP
ijtc-777	288	4	transport	transport	NOUN
ijtc-777	288	5	infrastructure	infrastructure	NOUN
ijtc-777	288	6	investment	investment	NOUN
ijtc-777	288	7	on	on	ADP
ijtc-777	288	8	energy	energy	NOUN
ijtc-777	288	9	intensity	intensity	NOUN
ijtc-777	288	10	:	:	PUNCT
ijtc-777	288	11	the	the	DET
ijtc-777	288	12	perspective	perspective	NOUN
ijtc-777	288	13	of	of	ADP
ijtc-777	288	14	fiscal	fiscal	ADJ
ijtc-777	288	15	decentralization	decentralization	NOUN
ijtc-777	288	16	.	.	PUNCT
ijtc-777	289	1	sustainability	sustainability	NOUN
ijtc-777	289	2	(	(	PUNCT
ijtc-777	289	3	switzerland	switzerland	PROPN
ijtc-777	289	4	)	)	PUNCT
ijtc-777	289	5	,	,	PUNCT
ijtc-777	289	6	13(24	13(24	NUM
ijtc-777	289	7	)	)	PUNCT
ijtc-777	289	8	.	.	PUNCT
ijtc-777	290	1	https://doi.org/10.3390/su132413968	https://doi.org/10.3390/su132413968	PRON
ijtc-777	290	2	lietz	lietz	VERB
ijtc-777	290	3	,	,	PUNCT
ijtc-777	290	4	g.	g.	PROPN
ijtc-777	290	5	(	(	PUNCT
ijtc-777	290	6	2014	2014	NUM
ijtc-777	290	7	)	)	PUNCT
ijtc-777	290	8	.	.	PUNCT
ijtc-777	291	1	determinants	determinant	NOUN
ijtc-777	291	2	and	and	CCONJ
ijtc-777	291	3	consequences	consequence	NOUN
ijtc-777	291	4	of	of	ADP
ijtc-777	291	5	corporate	corporate	ADJ
ijtc-777	291	6	tax	tax	NOUN
ijtc-777	291	7	avoidance	avoidance	NOUN
ijtc-777	291	8	.	.	PUNCT
ijtc-777	292	1	institute	institute	PROPN
ijtc-777	292	2	of	of	ADP
ijtc-777	292	3	accounting	accounting	NOUN
ijtc-777	292	4	and	and	CCONJ
ijtc-777	292	5	taxation	taxation	NOUN
ijtc-777	292	6	.	.	PUNCT
ijtc-777	293	1	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-777	293	2	the	the	DET
ijtc-777	293	3	moderation	moderation	NOUN
ijtc-777	293	4	role	role	NOUN
ijtc-777	293	5	of	of	ADP
ijtc-777	293	6	tax	tax	NOUN
ijtc-777	293	7	rate	rate	NOUN
ijtc-777	293	8	reduction	reduction	NOUN
ijtc-777	293	9	and	and	CCONJ
ijtc-777	293	10	state	state	NOUN
ijtc-777	293	11	ownership	ownership	NOUN
ijtc-777	293	12	status	status	NOUN
ijtc-777	293	13	in	in	ADP
ijtc-777	293	14	the	the	DET
ijtc-777	293	15	effect	effect	NOUN
ijtc-777	293	16	of	of	ADP
ijtc-777	293	17	tax	tax	NOUN
ijtc-777	293	18	aggresiveness	aggresiveness	NOUN
ijtc-777	293	19	on	on	ADP
ijtc-777	293	20	company	company	NOUN
ijtc-777	293	21	value	value	NOUN
ijtc-777	293	22	ardhi	ardhi	NOUN
ijtc-777	293	23	and	and	CCONJ
ijtc-777	293	24	lubis	lubi	VERB
ijtc-777	293	25	468	468	NUM
ijtc-777	293	26	|	|	ADV
ijtc-777	293	27	ilomata	ilomata	PROPN
ijtc-777	293	28	international	international	ADJ
ijtc-777	293	29	journal	journal	NOUN
ijtc-777	293	30	of	of	ADP
ijtc-777	293	31	tax	tax	PROPN
ijtc-777	293	32	&	&	CCONJ
ijtc-777	293	33	accounting	account	VERB
ijtc-777	293	34	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-777	293	35	mangoting	mangoting	NOUN
ijtc-777	293	36	,	,	PUNCT
ijtc-777	293	37	y.	y.	PROPN
ijtc-777	293	38	,	,	PUNCT
ijtc-777	293	39	charysta	charysta	PROPN
ijtc-777	293	40	,	,	PUNCT
ijtc-777	293	41	v.	v.	PROPN
ijtc-777	293	42	,	,	PUNCT
ijtc-777	293	43	martina	martina	PROPN
ijtc-777	293	44	,	,	PUNCT
ijtc-777	293	45	d.	d.	PROPN
ijtc-777	293	46	,	,	PUNCT
ijtc-777	293	47	&	&	CCONJ
ijtc-777	293	48	fransiska	fransiska	PROPN
ijtc-777	293	49	,	,	PUNCT
ijtc-777	293	50	s.	s.	PROPN
ijtc-777	293	51	(	(	PUNCT
ijtc-777	293	52	2019	2019	NUM
ijtc-777	293	53	)	)	PUNCT
ijtc-777	293	54	.	.	PUNCT
ijtc-777	294	1	transparency	transparency	NOUN
ijtc-777	294	2	as	as	ADP
ijtc-777	294	3	anticipation	anticipation	NOUN
ijtc-777	294	4	of	of	ADP
ijtc-777	294	5	tax	tax	NOUN
ijtc-777	294	6	avoidance	avoidance	NOUN
ijtc-777	294	7	behavior	behavior	NOUN
ijtc-777	294	8	through	through	ADP
ijtc-777	294	9	corporate	corporate	ADJ
ijtc-777	294	10	social	social	ADJ
ijtc-777	294	11	responsibility	responsibility	NOUN
ijtc-777	294	12	.	.	PUNCT
ijtc-777	295	1	jurnal	jurnal	ADJ
ijtc-777	295	2	dinamika	dinamika	PROPN
ijtc-777	295	3	akuntansi	akuntansi	PROPN
ijtc-777	295	4	,	,	PUNCT
ijtc-777	295	5	11(1	11(1	NUM
ijtc-777	295	6	)	)	PUNCT
ijtc-777	295	7	,	,	PUNCT
ijtc-777	295	8	15–25	15–25	NUM
ijtc-777	295	9	.	.	PUNCT
ijtc-777	296	1	marfiana	marfiana	PROPN
ijtc-777	296	2	,	,	PUNCT
ijtc-777	296	3	a.	a.	PROPN
ijtc-777	296	4	,	,	PUNCT
ijtc-777	296	5	putra	putra	PROPN
ijtc-777	296	6	,	,	PUNCT
ijtc-777	296	7	y.	y.	PROPN
ijtc-777	296	8	,	,	PUNCT
ijtc-777	296	9	&	&	CCONJ
ijtc-777	296	10	p	p	NOUN
ijtc-777	296	11	,	,	PUNCT
ijtc-777	296	12	m.	m.	NOUN
ijtc-777	296	13	(	(	PUNCT
ijtc-777	296	14	2021	2021	NUM
ijtc-777	296	15	)	)	PUNCT
ijtc-777	296	16	.	.	PUNCT
ijtc-777	297	1	the	the	DET
ijtc-777	297	2	effect	effect	NOUN
ijtc-777	297	3	of	of	ADP
ijtc-777	297	4	employee	employee	NOUN
ijtc-777	297	5	benefit	benefit	NOUN
ijtc-777	297	6	liabilities	liability	NOUN
ijtc-777	297	7	,	,	PUNCT
ijtc-777	297	8	sales	sale	NOUN
ijtc-777	297	9	growth	growth	NOUN
ijtc-777	297	10	,	,	PUNCT
ijtc-777	297	11	capital	capital	NOUN
ijtc-777	297	12	intensity	intensity	NOUN
ijtc-777	297	13	,	,	PUNCT
ijtc-777	297	14	and	and	CCONJ
ijtc-777	297	15	earning	earn	VERB
ijtc-777	297	16	management	management	NOUN
ijtc-777	297	17	on	on	ADP
ijtc-777	297	18	tax	tax	NOUN
ijtc-777	297	19	avoidance	avoidance	NOUN
ijtc-777	297	20	.	.	PUNCT
ijtc-777	298	1	jurnal	jurnal	ADJ
ijtc-777	298	2	manajemen	manajeman	NOUN
ijtc-777	298	3	stie	stie	PROPN
ijtc-777	298	4	muhammadiyah	muhammadiyah	ADP
ijtc-777	298	5	palopo	palopo	NOUN
ijtc-777	298	6	,	,	PUNCT
ijtc-777	298	7	7	7	NUM
ijtc-777	298	8	,	,	PUNCT
ijtc-777	298	9	1	1	NUM
ijtc-777	298	10	.	.	PUNCT
ijtc-777	299	1	mashuri	mashuri	PROPN
ijtc-777	299	2	,	,	PUNCT
ijtc-777	299	3	a.	a.	NOUN
ijtc-777	299	4	a.	a.	PROPN
ijtc-777	299	5	,	,	PUNCT
ijtc-777	299	6	&	&	CCONJ
ijtc-777	299	7	ermaya	ermaya	PROPN
ijtc-777	299	8	,	,	PUNCT
ijtc-777	299	9	h.	h.	PROPN
ijtc-777	299	10	n.	n.	PROPN
ijtc-777	299	11	(	(	PUNCT
ijtc-777	299	12	2019	2019	NUM
ijtc-777	299	13	)	)	PUNCT
ijtc-777	299	14	.	.	PUNCT
ijtc-777	300	1	the	the	DET
ijtc-777	300	2	effect	effect	NOUN
ijtc-777	300	3	of	of	ADP
ijtc-777	300	4	tax	tax	NOUN
ijtc-777	300	5	aggressiveness	aggressiveness	NOUN
ijtc-777	300	6	and	and	CCONJ
ijtc-777	300	7	media	medium	NOUN
ijtc-777	300	8	exposure	exposure	NOUN
ijtc-777	300	9	on	on	ADP
ijtc-777	300	10	corporate	corporate	ADJ
ijtc-777	300	11	social	social	ADJ
ijtc-777	300	12	responsibility	responsibility	NOUN
ijtc-777	300	13	disclosure	disclosure	NOUN
ijtc-777	300	14	with	with	ADP
ijtc-777	300	15	profitability	profitability	NOUN
ijtc-777	300	16	as	as	ADP
ijtc-777	300	17	moderated	moderated	ADJ
ijtc-777	300	18	variables	variable	NOUN
ijtc-777	300	19	.	.	PUNCT
ijtc-777	301	1	advances	advance	NOUN
ijtc-777	301	2	in	in	ADP
ijtc-777	301	3	economics	economic	NOUN
ijtc-777	301	4	,	,	PUNCT
ijtc-777	301	5	business	business	NOUN
ijtc-777	301	6	,	,	PUNCT
ijtc-777	301	7	and	and	CCONJ
ijtc-777	301	8	management	management	NOUN
ijtc-777	301	9	research	research	NOUN
ijtc-777	301	10	,	,	PUNCT
ijtc-777	301	11	124	124	NUM
ijtc-777	301	12	.	.	PUNCT
ijtc-777	302	1	mule	mule	PROPN
ijtc-777	302	2	,	,	PUNCT
ijtc-777	302	3	k.	k.	PROPN
ijtc-777	302	4	r.	r.	PROPN
ijtc-777	302	5	,	,	PUNCT
ijtc-777	302	6	mukras	mukras	PROPN
ijtc-777	302	7	,	,	PUNCT
ijtc-777	302	8	m.	m.	PROPN
ijtc-777	302	9	s.	s.	PROPN
ijtc-777	302	10	,	,	PUNCT
ijtc-777	302	11	nzioka	nzioka	PROPN
ijtc-777	302	12	,	,	PUNCT
ijtc-777	302	13	o.	o.	PROPN
ijtc-777	302	14	,	,	PUNCT
ijtc-777	302	15	&	&	CCONJ
ijtc-777	302	16	m.	m.	NOUN
ijtc-777	302	17	(	(	PUNCT
ijtc-777	302	18	2015	2015	NUM
ijtc-777	302	19	)	)	PUNCT
ijtc-777	302	20	.	.	PUNCT
ijtc-777	303	1	corporate	corporate	ADJ
ijtc-777	303	2	size	size	NOUN
ijtc-777	303	3	,	,	PUNCT
ijtc-777	303	4	profitability	profitability	NOUN
ijtc-777	303	5	and	and	CCONJ
ijtc-777	303	6	market	market	NOUN
ijtc-777	303	7	value	value	NOUN
ijtc-777	303	8	:	:	PUNCT
ijtc-777	303	9	an	an	DET
ijtc-777	303	10	econometric	econometric	ADJ
ijtc-777	303	11	panel	panel	NOUN
ijtc-777	303	12	analysis	analysis	NOUN
ijtc-777	303	13	of	of	ADP
ijtc-777	303	14	listed	list	VERB
ijtc-777	303	15	firms	firm	NOUN
ijtc-777	303	16	in	in	ADP
ijtc-777	303	17	kenya.13(11	kenya.13(11	PROPN
ijtc-777	303	18	(	(	PUNCT
ijtc-777	303	19	pp	pp	ADJ
ijtc-777	303	20	.	.	PUNCT
ijtc-777	304	1	376–396	376–396	NUM
ijtc-777	304	2	)	)	PUNCT
ijtc-777	304	3	.	.	PUNCT
ijtc-777	305	1	https://doi.org/10.10016/j.ijhm.2015.03.009	https://doi.org/10.10016/j.ijhm.2015.03.009	X
ijtc-777	305	2	.	.	PUNCT
ijtc-777	306	1	mulyani	mulyani	PROPN
ijtc-777	306	2	,	,	PUNCT
ijtc-777	306	3	s.	s.	PROPN
ijtc-777	306	4	,	,	PUNCT
ijtc-777	306	5	wijayanti	wijayanti	PROPN
ijtc-777	306	6	,	,	PUNCT
ijtc-777	306	7	a.	a.	NOUN
ijtc-777	306	8	,	,	PUNCT
ijtc-777	306	9	&	&	CCONJ
ijtc-777	306	10	masitoh	masitoh	PROPN
ijtc-777	306	11	,	,	PUNCT
ijtc-777	306	12	e.	e.	PROPN
ijtc-777	306	13	(	(	PUNCT
ijtc-777	306	14	2018	2018	NUM
ijtc-777	306	15	)	)	PUNCT
ijtc-777	306	16	.	.	PUNCT
ijtc-777	307	1	pengaruh	pengaruh	VERB
ijtc-777	307	2	corporate	corporate	ADJ
ijtc-777	307	3	governance	governance	NOUN
ijtc-777	307	4	terhadap	terhadap	PROPN
ijtc-777	307	5	tax	tax	NOUN
ijtc-777	307	6	avoidance	avoidance	NOUN
ijtc-777	307	7	(	(	PUNCT
ijtc-777	307	8	perusahaan	perusahaan	PROPN
ijtc-777	307	9	pertambangan	pertambangan	PROPN
ijtc-777	307	10	yang	yang	PROPN
ijtc-777	307	11	terdaftar	terdaftar	PROPN
ijtc-777	307	12	di	di	PROPN
ijtc-777	307	13	bei	bei	PROPN
ijtc-777	307	14	.	.	PUNCT
ijtc-777	308	1	jurnal	jurnal	PROPN
ijtc-777	308	2	riset	riset	PROPN
ijtc-777	308	3	akuntansi	akuntansi	PROPN
ijtc-777	308	4	dan	dan	PROPN
ijtc-777	308	5	bisnis	bisnis	PROPN
ijtc-777	308	6	airlangga	airlangga	PROPN
ijtc-777	308	7	(	(	PUNCT
ijtc-777	308	8	jraba	jraba	PROPN
ijtc-777	308	9	,	,	PUNCT
ijtc-777	308	10	3(1	3(1	NUM
ijtc-777	308	11	)	)	PUNCT
ijtc-777	308	12	,	,	PUNCT
ijtc-777	308	13	322–340	322–340	NUM
ijtc-777	308	14	.	.	PUNCT
ijtc-777	309	1	murakami	murakami	NOUN
ijtc-777	309	2	,	,	PUNCT
ijtc-777	309	3	y.	y.	PROPN
ijtc-777	309	4	,	,	PUNCT
ijtc-777	309	5	&	&	CCONJ
ijtc-777	309	6	otsuka	otsuka	PROPN
ijtc-777	309	7	,	,	PUNCT
ijtc-777	309	8	k.	k.	PROPN
ijtc-777	309	9	(	(	PUNCT
ijtc-777	309	10	2020	2020	NUM
ijtc-777	309	11	)	)	PUNCT
ijtc-777	309	12	.	.	PUNCT
ijtc-777	310	1	governance	governance	NOUN
ijtc-777	310	2	,	,	PUNCT
ijtc-777	310	3	information	information	NOUN
ijtc-777	310	4	spillovers	spillover	NOUN
ijtc-777	310	5	,	,	PUNCT
ijtc-777	310	6	and	and	CCONJ
ijtc-777	310	7	productivity	productivity	NOUN
ijtc-777	310	8	of	of	ADP
ijtc-777	310	9	local	local	ADJ
ijtc-777	310	10	firms	firm	NOUN
ijtc-777	310	11	:	:	PUNCT
ijtc-777	310	12	toward	toward	ADP
ijtc-777	310	13	an	an	DET
ijtc-777	310	14	integrated	integrated	ADJ
ijtc-777	310	15	approach	approach	NOUN
ijtc-777	310	16	to	to	ADP
ijtc-777	310	17	foreign	foreign	ADJ
ijtc-777	310	18	direct	direct	ADJ
ijtc-777	310	19	investment	investment	NOUN
ijtc-777	310	20	and	and	CCONJ
ijtc-777	310	21	global	global	ADJ
ijtc-777	310	22	value	value	NOUN
ijtc-777	310	23	chains	chain	NOUN
ijtc-777	310	24	.	.	PUNCT
ijtc-777	311	1	developing	develop	VERB
ijtc-777	311	2	economies	economy	NOUN
ijtc-777	311	3	,	,	PUNCT
ijtc-777	311	4	58(2	58(2	NUM
ijtc-777	311	5	)	)	PUNCT
ijtc-777	311	6	,	,	PUNCT
ijtc-777	311	7	134–174	134–174	NUM
ijtc-777	311	8	.	.	PUNCT
ijtc-777	312	1	https://doi.org/10.1111/deve.12232	https://doi.org/10.1111/deve.12232	PROPN
ijtc-777	312	2	osazuwa	osazuwa	ADV
ijtc-777	312	3	,	,	PUNCT
ijtc-777	312	4	n.	n.	PROPN
ijtc-777	312	5	p.	p.	PROPN
ijtc-777	312	6	,	,	PUNCT
ijtc-777	312	7	&	&	CCONJ
ijtc-777	312	8	che	che	PROPN
ijtc-777	312	9	-	-	PROPN
ijtc-777	312	10	ahmad	ahmad	PROPN
ijtc-777	312	11	,	,	PUNCT
ijtc-777	312	12	a.	a.	NOUN
ijtc-777	312	13	(	(	PUNCT
ijtc-777	312	14	2016	2016	NUM
ijtc-777	312	15	)	)	PUNCT
ijtc-777	312	16	.	.	PUNCT
ijtc-777	313	1	the	the	DET
ijtc-777	313	2	moderating	moderate	VERB
ijtc-777	313	3	effect	effect	NOUN
ijtc-777	313	4	of	of	ADP
ijtc-777	313	5	profitability	profitability	NOUN
ijtc-777	313	6	and	and	CCONJ
ijtc-777	313	7	leverage	leverage	NOUN
ijtc-777	313	8	on	on	ADP
ijtc-777	313	9	the	the	DET
ijtc-777	313	10	relationship	relationship	NOUN
ijtc-777	313	11	between	between	ADP
ijtc-777	313	12	eco	eco	NOUN
ijtc-777	313	13	-	-	PUNCT
ijtc-777	313	14	efficiency	efficiency	NOUN
ijtc-777	313	15	and	and	CCONJ
ijtc-777	313	16	firm	firm	ADJ
ijtc-777	313	17	value	value	NOUN
ijtc-777	313	18	in	in	ADP
ijtc-777	313	19	publicly	publicly	ADV
ijtc-777	313	20	traded	trade	VERB
ijtc-777	313	21	malaysian	malaysian	ADJ
ijtc-777	313	22	firms	firm	NOUN
ijtc-777	313	23	.	.	PUNCT
ijtc-777	314	1	social	social	ADJ
ijtc-777	314	2	responsibility	responsibility	NOUN
ijtc-777	314	3	journal	journal	NOUN
ijtc-777	314	4	,	,	PUNCT
ijtc-777	314	5	12(2	12(2	NUM
ijtc-777	314	6	)	)	PUNCT
ijtc-777	314	7	,	,	PUNCT
ijtc-777	314	8	295–306	295–306	NUM
ijtc-777	314	9	.	.	PUNCT
ijtc-777	315	1	https://doi.org/10.1108/srj-03-2015-0034	https://doi.org/10.1108/srj-03-2015-0034	VERB
ijtc-777	315	2	ramajo	ramajo	PROPN
ijtc-777	315	3	,	,	PUNCT
ijtc-777	315	4	j.	j.	PROPN
ijtc-777	315	5	,	,	PUNCT
ijtc-777	315	6	ricci	ricci	PROPN
ijtc-777	315	7	-	-	PUNCT
ijtc-777	315	8	risquete	risquete	NOUN
ijtc-777	315	9	,	,	PUNCT
ijtc-777	315	10	a.	a.	NOUN
ijtc-777	315	11	,	,	PUNCT
ijtc-777	315	12	jerez	jerez	PROPN
ijtc-777	315	13	,	,	PUNCT
ijtc-777	315	14	l.	l.	PROPN
ijtc-777	315	15	,	,	PUNCT
ijtc-777	315	16	&	&	CCONJ
ijtc-777	315	17	hewings	hewing	NOUN
ijtc-777	315	18	,	,	PUNCT
ijtc-777	315	19	g.	g.	PROPN
ijtc-777	315	20	j.	j.	PROPN
ijtc-777	315	21	d.	d.	PROPN
ijtc-777	315	22	(	(	PUNCT
ijtc-777	315	23	2020	2020	NUM
ijtc-777	315	24	)	)	PUNCT
ijtc-777	315	25	.	.	PUNCT
ijtc-777	316	1	impacts	impact	NOUN
ijtc-777	316	2	of	of	ADP
ijtc-777	316	3	neighbors	neighbor	NOUN
ijtc-777	316	4	on	on	ADP
ijtc-777	316	5	local	local	ADJ
ijtc-777	316	6	tax	tax	NOUN
ijtc-777	316	7	rates	rate	NOUN
ijtc-777	316	8	:	:	PUNCT
ijtc-777	316	9	a	a	DET
ijtc-777	316	10	space	space	NOUN
ijtc-777	316	11	–	–	PUNCT
ijtc-777	316	12	time	time	NOUN
ijtc-777	316	13	dynamic	dynamic	ADJ
ijtc-777	316	14	panel	panel	NOUN
ijtc-777	316	15	data	data	VERB
ijtc-777	316	16	analysis	analysis	NOUN
ijtc-777	316	17	.	.	PUNCT
ijtc-777	317	1	international	international	ADJ
ijtc-777	317	2	regional	regional	ADJ
ijtc-777	317	3	science	science	PROPN
ijtc-777	317	4	review	review	NOUN
ijtc-777	317	5	,	,	PUNCT
ijtc-777	317	6	43(1–2	43(1–2	PROPN
ijtc-777	317	7	)	)	PUNCT
ijtc-777	317	8	,	,	PUNCT
ijtc-777	317	9	105–127	105–127	NUM
ijtc-777	317	10	.	.	PUNCT
ijtc-777	318	1	https://doi.org/10.1177/0160017619871990	https://doi.org/10.1177/0160017619871990	X
ijtc-777	318	2	richardson	richardson	PROPN
ijtc-777	318	3	,	,	PUNCT
ijtc-777	318	4	g.	g.	PROPN
ijtc-777	318	5	,	,	PUNCT
ijtc-777	318	6	&	&	CCONJ
ijtc-777	318	7	taylor	taylor	PROPN
ijtc-777	318	8	,	,	PUNCT
ijtc-777	318	9	g.	g.	PROPN
ijtc-777	318	10	(	(	PUNCT
ijtc-777	318	11	2015	2015	NUM
ijtc-777	318	12	)	)	PUNCT
ijtc-777	318	13	.	.	PUNCT
ijtc-777	319	1	income	income	NOUN
ijtc-777	319	2	shifting	shift	VERB
ijtc-777	319	3	incentives	incentive	NOUN
ijtc-777	319	4	and	and	CCONJ
ijtc-777	319	5	tax	tax	NOUN
ijtc-777	319	6	haven	haven	NOUN
ijtc-777	319	7	utilization	utilization	NOUN
ijtc-777	319	8	:	:	PUNCT
ijtc-777	319	9	evidence	evidence	NOUN
ijtc-777	319	10	from	from	ADP
ijtc-777	319	11	multinational	multinational	ADJ
ijtc-777	319	12	us	us	PROPN
ijtc-777	319	13	firms	firm	NOUN
ijtc-777	319	14	.	.	PUNCT
ijtc-777	320	1	international	international	ADJ
ijtc-777	320	2	journal	journal	PROPN
ijtc-777	320	3	of	of	ADP
ijtc-777	320	4	accounting	accounting	NOUN
ijtc-777	320	5	,	,	PUNCT
ijtc-777	320	6	50(4	50(4	NUM
ijtc-777	320	7	)	)	PUNCT
ijtc-777	320	8	,	,	PUNCT
ijtc-777	320	9	458–485	458–485	NUM
ijtc-777	320	10	.	.	PUNCT
ijtc-777	321	1	sandy	sandy	PROPN
ijtc-777	321	2	,	,	PUNCT
ijtc-777	321	3	s.	s.	PROPN
ijtc-777	321	4	,	,	PUNCT
ijtc-777	321	5	&	&	CCONJ
ijtc-777	321	6	lukviarman	lukviarman	NOUN
ijtc-777	321	7	,	,	PUNCT
ijtc-777	321	8	n.	n.	NOUN
ijtc-777	321	9	(	(	PUNCT
ijtc-777	321	10	2015	2015	NUM
ijtc-777	321	11	)	)	PUNCT
ijtc-777	321	12	.	.	PUNCT
ijtc-777	322	1	pengaruh	pengaruh	VERB
ijtc-777	322	2	corporate	corporate	ADJ
ijtc-777	322	3	governance	governance	NOUN
ijtc-777	322	4	terhadap	terhadap	PROPN
ijtc-777	322	5	tax	tax	NOUN
ijtc-777	322	6	avoidance	avoidance	NOUN
ijtc-777	322	7	 	 	SPACE
ijtc-777	322	8	:	:	PUNCT
ijtc-777	322	9	studi	studi	PROPN
ijtc-777	322	10	emipiris	emipiris	PROPN
ijtc-777	322	11	pada	pada	PROPN
ijtc-777	322	12	perusahaan	perusahaan	PROPN
ijtc-777	322	13	manufaktur	manufaktur	PROPN
ijtc-777	322	14	.	.	PROPN
ijtc-777	323	1	jurnal	jurnal	PROPN
ijtc-777	323	2	akuntansi	akuntansi	PROPN
ijtc-777	323	3	dan	dan	PROPN
ijtc-777	323	4	auditing	auditing	PROPN
ijtc-777	323	5	(	(	PUNCT
ijtc-777	323	6	jaai	jaai	PROPN
ijtc-777	323	7	,	,	PUNCT
ijtc-777	323	8	19(2	19(2	NUM
ijtc-777	323	9	)	)	PUNCT
ijtc-777	323	10	,	,	PUNCT
ijtc-777	323	11	85–95	85–95	NUM
ijtc-777	323	12	.	.	PUNCT
ijtc-777	324	1	seclen	seclen	PROPN
ijtc-777	324	2	-	-	PUNCT
ijtc-777	324	3	luna	luna	PROPN
ijtc-777	324	4	,	,	PUNCT
ijtc-777	324	5	j.	j.	PROPN
ijtc-777	324	6	p.	p.	PROPN
ijtc-777	324	7	,	,	PUNCT
ijtc-777	324	8	moya	moya	PROPN
ijtc-777	324	9	-	-	PUNCT
ijtc-777	324	10	fernández	fernández	PROPN
ijtc-777	324	11	,	,	PUNCT
ijtc-777	324	12	p.	p.	NOUN
ijtc-777	324	13	,	,	PUNCT
ijtc-777	324	14	&	&	CCONJ
ijtc-777	324	15	pereira	pereira	PROPN
ijtc-777	324	16	,	,	PUNCT
ijtc-777	324	17	á	á	PROPN
ijtc-777	324	18	.	.	PUNCT
ijtc-777	324	19	(	(	PUNCT
ijtc-777	324	20	2021	2021	NUM
ijtc-777	324	21	)	)	PUNCT
ijtc-777	324	22	.	.	PUNCT
ijtc-777	325	1	exploring	explore	VERB
ijtc-777	325	2	the	the	DET
ijtc-777	325	3	effects	effect	NOUN
ijtc-777	325	4	of	of	ADP
ijtc-777	325	5	innovation	innovation	NOUN
ijtc-777	325	6	strategies	strategy	NOUN
ijtc-777	325	7	and	and	CCONJ
ijtc-777	325	8	size	size	NOUN
ijtc-777	325	9	on	on	ADP
ijtc-777	325	10	manufacturing	manufacturing	NOUN
ijtc-777	325	11	firms	firm	NOUN
ijtc-777	325	12	’	’	PART
ijtc-777	325	13	productivity	productivity	NOUN
ijtc-777	325	14	and	and	CCONJ
ijtc-777	325	15	environmental	environmental	ADJ
ijtc-777	325	16	impact	impact	NOUN
ijtc-777	325	17	.	.	PUNCT
ijtc-777	326	1	sustainability	sustainability	NOUN
ijtc-777	326	2	(	(	PUNCT
ijtc-777	326	3	switzerland	switzerland	PROPN
ijtc-777	326	4	)	)	PUNCT
ijtc-777	326	5	,	,	PUNCT
ijtc-777	326	6	13(6	13(6	PROPN
ijtc-777	326	7	)	)	PUNCT
ijtc-777	326	8	.	.	PUNCT
ijtc-777	327	1	https://doi.org/10.3390/su13063289	https://doi.org/10.3390/su13063289	PROPN
ijtc-777	327	2	sugiyono	sugiyono	PROPN
ijtc-777	327	3	.	.	PUNCT
ijtc-777	328	1	(	(	PUNCT
ijtc-777	328	2	2017	2017	NUM
ijtc-777	328	3	)	)	PUNCT
ijtc-777	328	4	.	.	PUNCT
ijtc-777	329	1	metode	metode	PROPN
ijtc-777	329	2	penelitian	penelitian	PROPN
ijtc-777	329	3	kuantitatif	kuantitatif	PROPN
ijtc-777	329	4	,	,	PUNCT
ijtc-777	329	5	kualitatif	kualitatif	PROPN
ijtc-777	329	6	,	,	PUNCT
ijtc-777	329	7	dan	dan	PROPN
ijtc-777	329	8	r&d	r&d	PROPN
ijtc-777	329	9	.	.	PUNCT
ijtc-777	330	1	alfabeta	alfabeta	PROPN
ijtc-777	330	2	.	.	PUNCT
ijtc-777	331	1	sun	sun	PROPN
ijtc-777	331	2	,	,	PUNCT
ijtc-777	331	3	z.	z.	PROPN
ijtc-777	331	4	,	,	PUNCT
ijtc-777	331	5	li	li	PROPN
ijtc-777	331	6	,	,	PUNCT
ijtc-777	331	7	x.	x.	PROPN
ijtc-777	331	8	,	,	PUNCT
ijtc-777	331	9	&	&	CCONJ
ijtc-777	331	10	xie	xie	PROPN
ijtc-777	331	11	,	,	PUNCT
ijtc-777	331	12	y.	y.	PROPN
ijtc-777	331	13	(	(	PUNCT
ijtc-777	331	14	2014	2014	NUM
ijtc-777	331	15	)	)	PUNCT
ijtc-777	331	16	.	.	PUNCT
ijtc-777	332	1	a	a	DET
ijtc-777	332	2	comparison	comparison	NOUN
ijtc-777	332	3	of	of	ADP
ijtc-777	332	4	innovative	innovative	ADJ
ijtc-777	332	5	financing	financing	NOUN
ijtc-777	332	6	and	and	CCONJ
ijtc-777	332	7	general	general	ADJ
ijtc-777	332	8	fiscal	fiscal	ADJ
ijtc-777	332	9	investment	investment	NOUN
ijtc-777	332	10	strategies	strategy	NOUN
ijtc-777	332	11	for	for	ADP
ijtc-777	332	12	second	second	ADJ
ijtc-777	332	13	-	-	PUNCT
ijtc-777	332	14	class	class	NOUN
ijtc-777	332	15	highways	highway	NOUN
ijtc-777	332	16	:	:	PUNCT
ijtc-777	332	17	perspectives	perspective	NOUN
ijtc-777	332	18	for	for	ADP
ijtc-777	332	19	building	build	VERB
ijtc-777	332	20	a	a	DET
ijtc-777	332	21	sustainable	sustainable	ADJ
ijtc-777	332	22	financing	financing	NOUN
ijtc-777	332	23	strategy	strategy	NOUN
ijtc-777	332	24	.	.	PUNCT
ijtc-777	333	1	transport	transport	NOUN
ijtc-777	333	2	policy	policy	NOUN
ijtc-777	333	3	,	,	PUNCT
ijtc-777	333	4	35	35	NUM
ijtc-777	333	5	,	,	PUNCT
ijtc-777	333	6	193–201	193–201	NUM
ijtc-777	333	7	.	.	PUNCT
ijtc-777	334	1	https://doi.org/10.1016/j.tranpol.2014.05.022	https://doi.org/10.1016/j.tranpol.2014.05.022	NOUN
ijtc-777	334	2	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-777	334	3	the	the	DET
ijtc-777	334	4	moderation	moderation	NOUN
ijtc-777	334	5	role	role	NOUN
ijtc-777	334	6	of	of	ADP
ijtc-777	334	7	tax	tax	NOUN
ijtc-777	334	8	rate	rate	NOUN
ijtc-777	334	9	reduction	reduction	NOUN
ijtc-777	334	10	and	and	CCONJ
ijtc-777	334	11	state	state	NOUN
ijtc-777	334	12	ownership	ownership	NOUN
ijtc-777	334	13	status	status	NOUN
ijtc-777	334	14	in	in	ADP
ijtc-777	334	15	the	the	DET
ijtc-777	334	16	effect	effect	NOUN
ijtc-777	334	17	of	of	ADP
ijtc-777	334	18	tax	tax	NOUN
ijtc-777	334	19	aggresiveness	aggresiveness	NOUN
ijtc-777	334	20	on	on	ADP
ijtc-777	334	21	company	company	NOUN
ijtc-777	334	22	value	value	NOUN
ijtc-777	334	23	ardhi	ardhi	NOUN
ijtc-777	334	24	and	and	CCONJ
ijtc-777	334	25	lubis	lubi	VERB
ijtc-777	334	26	469	469	NUM
ijtc-777	334	27	|	|	ADV
ijtc-777	334	28	ilomata	ilomata	PROPN
ijtc-777	334	29	international	international	ADJ
ijtc-777	334	30	journal	journal	NOUN
ijtc-777	334	31	of	of	ADP
ijtc-777	334	32	tax	tax	PROPN
ijtc-777	334	33	&	&	CCONJ
ijtc-777	334	34	accounting	accounting	PROPN
ijtc-777	334	35	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-777	334	36	suryana	suryana	PROPN
ijtc-777	334	37	,	,	PUNCT
ijtc-777	334	38	f.	f.	PROPN
ijtc-777	334	39	n.	n.	PROPN
ijtc-777	334	40	,	,	PUNCT
ijtc-777	334	41	&	&	CCONJ
ijtc-777	334	42	rahayu	rahayu	PROPN
ijtc-777	334	43	,	,	PUNCT
ijtc-777	334	44	s.	s.	PROPN
ijtc-777	334	45	(	(	PUNCT
ijtc-777	334	46	2018	2018	NUM
ijtc-777	334	47	)	)	PUNCT
ijtc-777	334	48	.	.	PUNCT
ijtc-777	335	1	the	the	DET
ijtc-777	335	2	effect	effect	NOUN
ijtc-777	335	3	of	of	ADP
ijtc-777	335	4	leverage	leverage	NOUN
ijtc-777	335	5	,	,	PUNCT
ijtc-777	335	6	profitability	profitability	NOUN
ijtc-777	335	7	,	,	PUNCT
ijtc-777	335	8	and	and	CCONJ
ijtc-777	335	9	company	company	NOUN
ijtc-777	335	10	size	size	NOUN
ijtc-777	335	11	on	on	ADP
ijtc-777	335	12	firm	firm	ADJ
ijtc-777	335	13	value	value	NOUN
ijtc-777	335	14	(	(	PUNCT
ijtc-777	335	15	empirical	empirical	ADJ
ijtc-777	335	16	study	study	NOUN
ijtc-777	335	17	of	of	ADP
ijtc-777	335	18	consumer	consumer	NOUN
ijtc-777	335	19	goods	good	NOUN
ijtc-777	335	20	industry	industry	NOUN
ijtc-777	335	21	companies	company	NOUN
ijtc-777	335	22	in	in	ADP
ijtc-777	335	23	the	the	DET
ijtc-777	335	24	pharmaceutical	pharmaceutical	ADJ
ijtc-777	335	25	sub	sub	NOUN
ijtc-777	335	26	-	-	NOUN
ijtc-777	335	27	sector	sector	NOUN
ijtc-777	335	28	listed	list	VERB
ijtc-777	335	29	on	on	ADP
ijtc-777	335	30	the	the	DET
ijtc-777	335	31	indonesia	indonesia	PROPN
ijtc-777	335	32	stock	stock	PROPN
ijtc-777	335	33	exchange	exchange	NOUN
ijtc-777	335	34	in	in	ADP
ijtc-777	335	35	20122016).eproceedings	20122016).eproceedings	NUM
ijtc-777	335	36	of	of	ADP
ijtc-777	335	37	.	.	PUNCT
ijtc-777	335	38	management	management	NOUN
ijtc-777	335	39	,	,	PUNCT
ijtc-777	335	40	5(2	5(2	NUM
ijtc-777	335	41	)	)	PUNCT
ijtc-777	335	42	.	.	PUNCT
ijtc-777	336	1	suwardika	suwardika	PROPN
ijtc-777	336	2	,	,	PUNCT
ijtc-777	336	3	i.	i.	PROPN
ijtc-777	336	4	n.	n.	PROPN
ijtc-777	336	5	a.	a.	PROPN
ijtc-777	336	6	,	,	PUNCT
ijtc-777	336	7	&	&	CCONJ
ijtc-777	336	8	mustanda	mustanda	PROPN
ijtc-777	336	9	,	,	PUNCT
ijtc-777	336	10	i.	i.	PROPN
ijtc-777	336	11	k.	k.	PROPN
ijtc-777	336	12	(	(	PUNCT
ijtc-777	336	13	2017	2017	NUM
ijtc-777	336	14	)	)	PUNCT
ijtc-777	336	15	.	.	PUNCT
ijtc-777	337	1	of	of	ADP
ijtc-777	337	2	leverage	leverage	NOUN
ijtc-777	337	3	,	,	PUNCT
ijtc-777	337	4	company	company	NOUN
ijtc-777	337	5	size	size	NOUN
ijtc-777	337	6	,	,	PUNCT
ijtc-777	337	7	company	company	NOUN
ijtc-777	337	8	growth	growth	NOUN
ijtc-777	337	9	,	,	PUNCT
ijtc-777	337	10	and	and	CCONJ
ijtc-777	337	11	profitability	profitability	NOUN
ijtc-777	337	12	on	on	ADP
ijtc-777	337	13	firm	firm	ADJ
ijtc-777	337	14	value	value	NOUN
ijtc-777	337	15	in	in	ADP
ijtc-777	337	16	property	property	NOUN
ijtc-777	337	17	companies	company	NOUN
ijtc-777	337	18	.	.	PUNCT
ijtc-777	338	1	wang	wang	PROPN
ijtc-777	338	2	,	,	PUNCT
ijtc-777	338	3	k.	k.	PROPN
ijtc-777	338	4	,	,	PUNCT
ijtc-777	338	5	zhang	zhang	PROPN
ijtc-777	338	6	,	,	PUNCT
ijtc-777	338	7	h.	h.	PROPN
ijtc-777	338	8	,	,	PUNCT
ijtc-777	338	9	tsai	tsai	PROPN
ijtc-777	338	10	,	,	PUNCT
ijtc-777	338	11	s.-b	s.-b	PROPN
ijtc-777	338	12	.	.	PROPN
ijtc-777	338	13	,	,	PUNCT
ijtc-777	338	14	jiang	jiang	PROPN
ijtc-777	338	15	,	,	PUNCT
ijtc-777	338	16	j.	j.	PROPN
ijtc-777	338	17	,	,	PUNCT
ijtc-777	338	18	sun	sun	PROPN
ijtc-777	338	19	,	,	PUNCT
ijtc-777	338	20	y.	y.	PROPN
ijtc-777	338	21	,	,	PUNCT
ijtc-777	338	22	&	&	CCONJ
ijtc-777	338	23	wang	wang	PROPN
ijtc-777	338	24	,	,	PUNCT
ijtc-777	338	25	j.	j.	PROPN
ijtc-777	338	26	(	(	PUNCT
ijtc-777	338	27	2018	2018	NUM
ijtc-777	338	28	)	)	PUNCT
ijtc-777	338	29	.	.	PUNCT
ijtc-777	339	1	an	an	DET
ijtc-777	339	2	empirical	empirical	ADJ
ijtc-777	339	3	study	study	NOUN
ijtc-777	339	4	on	on	ADP
ijtc-777	339	5	effective	effective	ADJ
ijtc-777	339	6	tax	tax	NOUN
ijtc-777	339	7	rate	rate	NOUN
ijtc-777	339	8	and	and	CCONJ
ijtc-777	339	9	ceo	ceo	NOUN
ijtc-777	339	10	promotion	promotion	NOUN
ijtc-777	339	11	:	:	PUNCT
ijtc-777	339	12	evidence	evidence	NOUN
ijtc-777	339	13	from	from	ADP
ijtc-777	339	14	local	local	ADJ
ijtc-777	339	15	soes	soe	NOUN
ijtc-777	339	16	in	in	ADP
ijtc-777	339	17	china	china	PROPN
ijtc-777	339	18	.	.	PUNCT
ijtc-777	340	1	sustainability	sustainability	NOUN
ijtc-777	340	2	(	(	PUNCT
ijtc-777	340	3	switzerland	switzerland	PROPN
ijtc-777	340	4	)	)	PUNCT
ijtc-777	340	5	,	,	PUNCT
ijtc-777	340	6	10(6	10(6	NOUN
ijtc-777	340	7	)	)	PUNCT
ijtc-777	340	8	.	.	PUNCT
ijtc-777	341	1	https://doi.org/10.3390/su10062007	https://doi.org/10.3390/su10062007	VERB
ijtc-777	342	1	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ