id	sid	tid	token	lemma	pos
iiclr-17591	1	1	corporate	corporate	ADJ
iiclr-17591	1	2	governance	governance	NOUN
iiclr-17591	1	3	in	in	ADP
iiclr-17591	1	4	italy	italy	PROPN
iiclr-17591	1	5	:	:	PUNCT
iiclr-17591	1	6	strong	strong	ADJ
iiclr-17591	1	7	owners	owner	NOUN
iiclr-17591	1	8	,	,	PUNCT
iiclr-17591	1	9	faithful	faithful	ADJ
iiclr-17591	1	10	managers	manager	NOUN
iiclr-17591	1	11	an	an	DET
iiclr-17591	1	12	assessment	assessment	NOUN
iiclr-17591	1	13	and	and	CCONJ
iiclr-17591	1	14	a	a	DET
iiclr-17591	1	15	proposal	proposal	NOUN
iiclr-17591	1	16	for	for	ADP
iiclr-17591	1	17	reform	reform	NOUN
iiclr-17591	1	18	corporate	corporate	ADJ
iiclr-17591	1	19	governance	governance	NOUN
iiclr-17591	1	20	in	in	ADP
iiclr-17591	1	21	italy	italy	PROPN
iiclr-17591	1	22	:	:	PUNCT
iiclr-17591	1	23	strong	strong	ADJ
iiclr-17591	1	24	owners	owner	NOUN
iiclr-17591	1	25	,	,	PUNCT
iiclr-17591	1	26	faiful	faiful	ADJ
iiclr-17591	1	27	managers	manager	NOUN
iiclr-17591	1	28	.	.	PUNCT
iiclr-17591	2	1	an	an	DET
iiclr-17591	2	2	assessment	assessment	NOUN
iiclr-17591	2	3	and	and	CCONJ
iiclr-17591	2	4	a	a	DET
iiclr-17591	2	5	proposal	proposal	NOUN
iiclr-17591	2	6	for	for	ADP
iiclr-17591	2	7	reform	reform	NOUN
iiclr-17591	2	8	lorenzo	lorenzo	PROPN
iiclr-17591	2	9	stanghellini	stanghellini	PROPN
iiclr-17591	2	10	"	"	PUNCT
iiclr-17591	2	11	i.	i.	PROPN
iiclr-17591	2	12	introduction	introduction	PROPN
iiclr-17591	2	13	ii	ii	PROPN
iiclr-17591	2	14	.	.	PUNCT
iiclr-17591	3	1	the	the	DET
iiclr-17591	3	2	italian	italian	ADJ
iiclr-17591	3	3	system	system	NOUN
iiclr-17591	3	4	of	of	ADP
iiclr-17591	3	5	corporate	corporate	ADJ
iiclr-17591	3	6	governance	governance	NOUN
iiclr-17591	3	7	:	:	PUNCT
iiclr-17591	3	8	the	the	DET
iiclr-17591	3	9	legal	legal	ADJ
iiclr-17591	3	10	framework	framework	NOUN
iiclr-17591	3	11	a.	a.	NOUN
iiclr-17591	3	12	the	the	DET
iiclr-17591	3	13	legal	legal	ADJ
iiclr-17591	3	14	sources	source	NOUN
iiclr-17591	3	15	of	of	ADP
iiclr-17591	3	16	italian	italian	ADJ
iiclr-17591	3	17	private	private	ADJ
iiclr-17591	3	18	law	law	NOUN
iiclr-17591	3	19	:	:	PUNCT
iiclr-17591	3	20	the	the	DET
iiclr-17591	3	21	civil	civil	ADJ
iiclr-17591	3	22	code	code	NOUN
iiclr-17591	3	23	.	.	PUNCT
iiclr-17591	4	1	b.	b.	PROPN
iiclr-17591	5	1	the	the	DET
iiclr-17591	5	2	legal	legal	ADJ
iiclr-17591	5	3	sources	source	NOUN
iiclr-17591	5	4	of	of	ADP
iiclr-17591	5	5	italian	italian	ADJ
iiclr-17591	5	6	corporate	corporate	ADJ
iiclr-17591	5	7	law	law	NOUN
iiclr-17591	5	8	.	.	PUNCT
iiclr-17591	6	1	the	the	DET
iiclr-17591	6	2	different	different	ADJ
iiclr-17591	6	3	role	role	NOUN
iiclr-17591	6	4	of	of	ADP
iiclr-17591	6	5	the	the	DET
iiclr-17591	6	6	civil	civil	ADJ
iiclr-17591	6	7	code	code	NOUN
iiclr-17591	6	8	and	and	CCONJ
iiclr-17591	6	9	the	the	DET
iiclr-17591	6	10	relevance	relevance	NOUN
iiclr-17591	6	11	of	of	ADP
iiclr-17591	6	12	special	special	ADJ
iiclr-17591	6	13	laws	law	NOUN
iiclr-17591	6	14	.	.	PUNCT
iiclr-17591	7	1	c.	c.	NOUN
iiclr-17591	7	2	corporate	corporate	ADJ
iiclr-17591	7	3	governance	governance	NOUN
iiclr-17591	7	4	rules	rule	NOUN
iiclr-17591	7	5	:	:	PUNCT
iiclr-17591	7	6	the	the	DET
iiclr-17591	7	7	absence	absence	NOUN
iiclr-17591	7	8	of	of	ADP
iiclr-17591	7	9	significant	significant	ADJ
iiclr-17591	7	10	changes	change	NOUN
iiclr-17591	7	11	since	since	SCONJ
iiclr-17591	7	12	the	the	DET
iiclr-17591	7	13	enactment	enactment	NOUN
iiclr-17591	7	14	of	of	ADP
iiclr-17591	7	15	the	the	DET
iiclr-17591	7	16	civil	civil	ADJ
iiclr-17591	7	17	code	code	NOUN
iiclr-17591	7	18	.	.	PUNCT
iiclr-17591	8	1	d.	d.	PROPN
iiclr-17591	8	2	the	the	DET
iiclr-17591	8	3	societa	societa	PROPN
iiclr-17591	8	4	per	per	ADP
iiclr-17591	8	5	azioni	azioni	PROPN
iiclr-17591	8	6	as	as	ADP
iiclr-17591	8	7	the	the	DET
iiclr-17591	8	8	model	model	NOUN
iiclr-17591	8	9	of	of	ADP
iiclr-17591	8	10	italian	italian	ADJ
iiclr-17591	8	11	corporate	corporate	ADJ
iiclr-17591	8	12	law	law	NOUN
iiclr-17591	8	13	:	:	PUNCT
iiclr-17591	8	14	the	the	DET
iiclr-17591	8	15	reasons	reason	NOUN
iiclr-17591	8	16	for	for	ADP
iiclr-17591	8	17	a	a	DET
iiclr-17591	8	18	choice	choice	NOUN
iiclr-17591	8	19	.	.	PUNCT
iiclr-17591	9	1	e.	e.	PROPN
iiclr-17591	10	1	the	the	DET
iiclr-17591	10	2	protagonists	protagonist	NOUN
iiclr-17591	10	3	of	of	ADP
iiclr-17591	10	4	the	the	DET
iiclr-17591	10	5	governance	governance	NOUN
iiclr-17591	10	6	of	of	ADP
iiclr-17591	10	7	the	the	DET
iiclr-17591	10	8	societhl	societhl	NOUN
iiclr-17591	10	9	per	per	ADP
iiclr-17591	10	10	azioni	azioni	PROPN
iiclr-17591	10	11	.	.	PUNCT
iiclr-17591	11	1	1	1	X
iiclr-17591	11	2	.	.	PUNCT
iiclr-17591	12	1	the	the	DET
iiclr-17591	12	2	shareholders	shareholder	NOUN
iiclr-17591	12	3	.	.	PUNCT
iiclr-17591	13	1	2	2	X
iiclr-17591	13	2	.	.	X
iiclr-17591	13	3	the	the	DET
iiclr-17591	13	4	board	board	NOUN
iiclr-17591	13	5	of	of	ADP
iiclr-17591	13	6	directors	director	NOUN
iiclr-17591	13	7	.	.	PUNCT
iiclr-17591	14	1	3	3	X
iiclr-17591	14	2	.	.	X
iiclr-17591	14	3	the	the	DET
iiclr-17591	14	4	board	board	NOUN
iiclr-17591	14	5	of	of	ADP
iiclr-17591	14	6	auditors	auditor	NOUN
iiclr-17591	14	7	.	.	PUNCT
iiclr-17591	15	1	f.	f.	PROPN
iiclr-17591	15	2	summary	summary	PROPN
iiclr-17591	15	3	of	of	ADP
iiclr-17591	15	4	part	part	PROPN
iiclr-17591	15	5	ii	ii	PROPN
iiclr-17591	15	6	.	.	PUNCT
iiclr-17591	15	7	iii	iii	PROPN
iiclr-17591	15	8	.	.	PUNCT
iiclr-17591	16	1	the	the	DET
iiclr-17591	16	2	system	system	NOUN
iiclr-17591	16	3	of	of	ADP
iiclr-17591	16	4	corporate	corporate	ADJ
iiclr-17591	16	5	direcrors	direcror	NOUN
iiclr-17591	16	6	'	'	PART
iiclr-17591	16	7	liability	liability	NOUN
iiclr-17591	16	8	:	:	PUNCT
iiclr-17591	16	9	the	the	DET
iiclr-17591	16	10	law	law	NOUN
iiclr-17591	16	11	a.	a.	NOUN
iiclr-17591	16	12	the	the	DET
iiclr-17591	16	13	"	"	PUNCT
iiclr-17591	16	14	tortious	tortious	ADJ
iiclr-17591	16	15	interference	interference	NOUN
iiclr-17591	16	16	"	"	PUNCT
iiclr-17591	16	17	liability	liability	NOUN
iiclr-17591	16	18	of	of	ADP
iiclr-17591	16	19	directors	director	NOUN
iiclr-17591	16	20	to	to	ADP
iiclr-17591	16	21	creditors	creditor	NOUN
iiclr-17591	16	22	.	.	PUNCT
iiclr-17591	17	1	b.	b.	PROPN
iiclr-17591	18	1	the	the	DET
iiclr-17591	18	2	general	general	ADJ
iiclr-17591	18	3	tort	tort	NOUN
iiclr-17591	18	4	law	law	NOUN
iiclr-17591	18	5	liability	liability	NOUN
iiclr-17591	18	6	of	of	ADP
iiclr-17591	18	7	directors	director	NOUN
iiclr-17591	18	8	to	to	ADP
iiclr-17591	18	9	shareholders	shareholder	NOUN
iiclr-17591	18	10	and	and	CCONJ
iiclr-17591	18	11	third	third	ADJ
iiclr-17591	18	12	parties	party	NOUN
iiclr-17591	18	13	.	.	PUNCT
iiclr-17591	19	1	c.	c.	NOUN
iiclr-17591	19	2	the	the	DET
iiclr-17591	19	3	liability	liability	NOUN
iiclr-17591	19	4	of	of	ADP
iiclr-17591	19	5	directors	director	NOUN
iiclr-17591	19	6	to	to	ADP
iiclr-17591	19	7	the	the	DET
iiclr-17591	19	8	company	company	NOUN
iiclr-17591	19	9	.	.	PUNCT
iiclr-17591	20	1	1	1	X
iiclr-17591	20	2	.	.	X
iiclr-17591	21	1	the	the	DET
iiclr-17591	21	2	grounds	ground	NOUN
iiclr-17591	21	3	.	.	PUNCT
iiclr-17591	22	1	2	2	X
iiclr-17591	22	2	.	.	X
iiclr-17591	22	3	the	the	DET
iiclr-17591	22	4	procedure	procedure	NOUN
iiclr-17591	22	5	.	.	PUNCT
iiclr-17591	23	1	d.	d.	PROPN
iiclr-17591	23	2	summary	summary	PROPN
iiclr-17591	23	3	of	of	ADP
iiclr-17591	23	4	part	part	PROPN
iiclr-17591	23	5	iii	iii	PROPN
iiclr-17591	23	6	.	.	PROPN
iiclr-17591	23	7	iv	iv	PROPN
iiclr-17591	23	8	.	.	PUNCT
iiclr-17591	23	9	law	law	NOUN
iiclr-17591	23	10	and	and	CCONJ
iiclr-17591	23	11	society	society	NOUN
iiclr-17591	23	12	:	:	PUNCT
iiclr-17591	23	13	the	the	DET
iiclr-17591	23	14	italian	italian	ADJ
iiclr-17591	23	15	industrial	industrial	ADJ
iiclr-17591	23	16	system	system	NOUN
iiclr-17591	23	17	and	and	CCONJ
iiclr-17591	23	18	the	the	DET
iiclr-17591	23	19	ownership	ownership	NOUN
iiclr-17591	23	20	structure	structure	NOUN
iiclr-17591	23	21	of	of	ADP
iiclr-17591	23	22	italian	italian	ADJ
iiclr-17591	23	23	companies	company	NOUN
iiclr-17591	23	24	.	.	PUNCT
iiclr-17591	24	1	*	*	PUNCT
iiclr-17591	24	2	lorenzo	lorenzo	PROPN
iiclr-17591	24	3	stanghellinj	stanghellinj	NOUN
iiclr-17591	24	4	is	be	AUX
iiclr-17591	24	5	assistant	assistant	ADJ
iiclr-17591	24	6	professor	professor	NOUN
iiclr-17591	24	7	of	of	ADP
iiclr-17591	24	8	law	law	NOUN
iiclr-17591	24	9	,	,	PUNCT
iiclr-17591	24	10	university	university	NOUN
iiclr-17591	24	11	of	of	ADP
iiclr-17591	24	12	florence	florence	PROPN
iiclr-17591	24	13	,	,	PUNCT
iiclr-17591	24	14	italy	italy	PROPN
iiclr-17591	24	15	.	.	PUNCT
iiclr-17591	25	1	j.d	j.d	PROPN
iiclr-17591	25	2	.	.	PROPN
iiclr-17591	25	3	,	,	PUNCT
iiclr-17591	25	4	university	university	PROPN
iiclr-17591	25	5	of	of	ADP
iiclr-17591	25	6	florence	florence	NOUN
iiclr-17591	25	7	(	(	PUNCT
iiclr-17591	25	8	1987	1987	NUM
iiclr-17591	25	9	)	)	PUNCT
iiclr-17591	25	10	;	;	PUNCT
iiclr-17591	25	11	ll.m	ll.m	X
iiclr-17591	25	12	.	.	PUNCT
iiclr-17591	26	1	columbia	columbia	PROPN
iiclr-17591	26	2	university	university	PROPN
iiclr-17591	26	3	(	(	PUNCT
iiclr-17591	26	4	1995	1995	NUM
iiclr-17591	26	5	)	)	PUNCT
iiclr-17591	26	6	.	.	PUNCT
iiclr-17591	27	1	i	i	PRON
iiclr-17591	27	2	am	be	AUX
iiclr-17591	27	3	grateful	grateful	ADJ
iiclr-17591	27	4	to	to	ADP
iiclr-17591	27	5	professors	professors	PROPN
iiclr-17591	27	6	ronald	ronald	PROPN
iiclr-17591	27	7	j.	j.	PROPN
iiclr-17591	27	8	gilson	gilson	PROPN
iiclr-17591	27	9	and	and	CCONJ
iiclr-17591	27	10	francesco	francesco	PROPN
iiclr-17591	27	11	corsi	corsi	NOUN
iiclr-17591	27	12	for	for	ADP
iiclr-17591	27	13	helpful	helpful	ADJ
iiclr-17591	27	14	comments	comment	NOUN
iiclr-17591	27	15	.	.	PUNCT
iiclr-17591	28	1	the	the	DET
iiclr-17591	28	2	paper	paper	NOUN
iiclr-17591	28	3	benefited	benefit	VERB
iiclr-17591	28	4	also	also	ADV
iiclr-17591	28	5	from	from	ADP
iiclr-17591	28	6	colloquia	colloquium	NOUN
iiclr-17591	28	7	with	with	ADP
iiclr-17591	28	8	professors	professor	NOUN
iiclr-17591	28	9	john	john	PROPN
iiclr-17591	28	10	c.	c.	PROPN
iiclr-17591	28	11	coffee	coffee	PROPN
iiclr-17591	28	12	,	,	PUNCT
iiclr-17591	28	13	jr	jr	PROPN
iiclr-17591	28	14	.	.	PROPN
iiclr-17591	28	15	,	,	PUNCT
iiclr-17591	28	16	harvey	harvey	PROPN
iiclr-17591	28	17	j.	j.	PROPN
iiclr-17591	28	18	goldschmid	goldschmid	PROPN
iiclr-17591	28	19	,	,	PUNCT
iiclr-17591	28	20	jeffrey	jeffrey	PROPN
iiclr-17591	28	21	n.	n.	PROPN
iiclr-17591	28	22	gordon	gordon	PROPN
iiclr-17591	28	23	and	and	CCONJ
iiclr-17591	28	24	henry	henry	PROPN
iiclr-17591	28	25	hansmann	hansmann	PROPN
iiclr-17591	28	26	.	.	PUNCT
iiclr-17591	29	1	i	i	PRON
iiclr-17591	29	2	am	be	AUX
iiclr-17591	29	3	particularly	particularly	ADV
iiclr-17591	29	4	indebted	indebte	VERB
iiclr-17591	29	5	to	to	PART
iiclr-17591	29	6	bernard	bernard	VERB
iiclr-17591	29	7	alter	alter	VERB
iiclr-17591	29	8	and	and	CCONJ
iiclr-17591	29	9	leeanne	leeanne	VERB
iiclr-17591	29	10	t.	t.	PROPN
iiclr-17591	29	11	sharp	sharp	PROPN
iiclr-17591	29	12	for	for	ADP
iiclr-17591	29	13	helping	help	VERB
iiclr-17591	29	14	me	i	PRON
iiclr-17591	29	15	edit	edit	VERB
iiclr-17591	29	16	the	the	DET
iiclr-17591	29	17	text	text	NOUN
iiclr-17591	29	18	.	.	PUNCT
iiclr-17591	30	1	invaluable	invaluable	ADJ
iiclr-17591	30	2	support	support	NOUN
iiclr-17591	30	3	during	during	ADP
iiclr-17591	30	4	my	my	PRON
iiclr-17591	30	5	stay	stay	NOUN
iiclr-17591	30	6	at	at	ADP
iiclr-17591	30	7	columbia	columbia	PROPN
iiclr-17591	30	8	university	university	PROPN
iiclr-17591	30	9	came	come	VERB
iiclr-17591	30	10	from	from	ADP
iiclr-17591	30	11	professor	professor	PROPN
iiclr-17591	30	12	walter	walter	PROPN
iiclr-17591	30	13	gellhom	gellhom	PROPN
iiclr-17591	30	14	.	.	PUNCT
iiclr-17591	31	1	the	the	DET
iiclr-17591	31	2	italian	italian	ADJ
iiclr-17591	31	3	academy	academy	NOUN
iiclr-17591	31	4	for	for	ADP
iiclr-17591	31	5	advanced	advanced	ADJ
iiclr-17591	31	6	studies	study	NOUN
iiclr-17591	31	7	in	in	ADP
iiclr-17591	31	8	america	america	PROPN
iiclr-17591	31	9	at	at	ADP
iiclr-17591	31	10	columbia	columbia	PROPN
iiclr-17591	31	11	university	university	PROPN
iiclr-17591	31	12	gave	give	VERB
iiclr-17591	31	13	me	i	PRON
iiclr-17591	31	14	precious	precious	ADJ
iiclr-17591	31	15	logistic	logistic	ADJ
iiclr-17591	31	16	assistance	assistance	NOUN
iiclr-17591	31	17	and	and	CCONJ
iiclr-17591	31	18	allowed	allow	VERB
iiclr-17591	31	19	me	i	PRON
iiclr-17591	31	20	to	to	PART
iiclr-17591	31	21	present	present	VERB
iiclr-17591	31	22	an	an	DET
iiclr-17591	31	23	earlier	early	ADJ
iiclr-17591	31	24	draft	draft	NOUN
iiclr-17591	31	25	of	of	ADP
iiclr-17591	31	26	this	this	DET
iiclr-17591	31	27	paper	paper	NOUN
iiclr-17591	31	28	at	at	ADP
iiclr-17591	31	29	a	a	DET
iiclr-17591	31	30	seminar	seminar	NOUN
iiclr-17591	31	31	on	on	ADP
iiclr-17591	31	32	april	april	PROPN
iiclr-17591	31	33	13	13	NUM
iiclr-17591	31	34	,	,	PUNCT
iiclr-17591	31	35	1995	1995	NUM
iiclr-17591	31	36	.	.	PUNCT
iiclr-17591	32	1	helpful	helpful	ADJ
iiclr-17591	32	2	comments	comment	NOUN
iiclr-17591	32	3	came	come	VERB
iiclr-17591	32	4	from	from	ADP
iiclr-17591	32	5	the	the	DET
iiclr-17591	32	6	participants	participant	NOUN
iiclr-17591	32	7	,	,	PUNCT
iiclr-17591	32	8	and	and	CCONJ
iiclr-17591	32	9	particularly	particularly	ADV
iiclr-17591	32	10	from	from	ADP
iiclr-17591	32	11	bal	bal	PROPN
iiclr-17591	32	12	gopas	gopas	PROPN
iiclr-17591	32	13	das	das	PROPN
iiclr-17591	32	14	,	,	PUNCT
iiclr-17591	32	15	lorenzo	lorenzo	NOUN
iiclr-17591	32	16	borgogni	borgogni	NOUN
iiclr-17591	32	17	,	,	PUNCT
iiclr-17591	32	18	pierre	pierre	PROPN
iiclr-17591	32	19	-	-	PUNCT
iiclr-17591	32	20	henry	henry	PROPN
iiclr-17591	32	21	conac	conac	PROPN
iiclr-17591	32	22	,	,	PUNCT
iiclr-17591	32	23	gabor	gabor	PROPN
iiclr-17591	32	24	molnar	molnar	PROPN
iiclr-17591	32	25	,	,	PUNCT
iiclr-17591	32	26	bruno	bruno	PROPN
iiclr-17591	32	27	louis	louis	PROPN
iiclr-17591	32	28	ranger	ranger	NOUN
iiclr-17591	32	29	,	,	PUNCT
iiclr-17591	32	30	laura	laura	NOUN
iiclr-17591	32	31	ristori	ristori	PROPN
iiclr-17591	32	32	,	,	PUNCT
iiclr-17591	32	33	efrat	efrat	NOUN
iiclr-17591	32	34	safran	safran	NOUN
iiclr-17591	32	35	,	,	PUNCT
iiclr-17591	32	36	and	and	CCONJ
iiclr-17591	32	37	leeanne	leeanne	VERB
iiclr-17591	32	38	t.	t.	PROPN
iiclr-17591	32	39	sharp	sharp	PROPN
iiclr-17591	32	40	.	.	PUNCT
iiclr-17591	33	1	my	my	PRON
iiclr-17591	33	2	stay	stay	NOUN
iiclr-17591	33	3	in	in	ADP
iiclr-17591	33	4	the	the	DET
iiclr-17591	33	5	united	united	PROPN
iiclr-17591	33	6	states	states	PROPN
iiclr-17591	33	7	was	be	AUX
iiclr-17591	33	8	partially	partially	ADV
iiclr-17591	33	9	supported	support	VERB
iiclr-17591	33	10	by	by	ADP
iiclr-17591	33	11	a	a	DET
iiclr-17591	33	12	grant	grant	NOUN
iiclr-17591	33	13	from	from	ADP
iiclr-17591	33	14	the	the	DET
iiclr-17591	33	15	italian	italian	ADJ
iiclr-17591	33	16	national	national	PROPN
iiclr-17591	33	17	research	research	PROPN
iiclr-17591	33	18	council	council	PROPN
iiclr-17591	33	19	.	.	PUNCT
iiclr-17591	34	1	the	the	DET
iiclr-17591	34	2	opinions	opinion	NOUN
iiclr-17591	34	3	expressed	express	VERB
iiclr-17591	34	4	in	in	ADP
iiclr-17591	34	5	the	the	DET
iiclr-17591	34	6	paper	paper	NOUN
iiclr-17591	34	7	are	be	AUX
iiclr-17591	34	8	solely	solely	ADV
iiclr-17591	34	9	my	my	PRON
iiclr-17591	34	10	own	own	ADJ
iiclr-17591	34	11	.	.	PUNCT
iiclr-17591	35	1	ind	ind	NOUN
iiclr-17591	35	2	.	.	PUNCT
iiclr-17591	36	1	int'l	int'l	PROPN
iiclr-17591	36	2	&	&	CCONJ
iiclr-17591	36	3	comp	comp	PROPN
iiclr-17591	36	4	.	.	PUNCT
iiclr-17591	37	1	l	l	PROPN
iiclr-17591	37	2	rev	rev	PROPN
iiclr-17591	37	3	.	.	PUNCT
iiclr-17591	37	4	a.	a.	PROPN
iiclr-17591	37	5	an	an	DET
iiclr-17591	37	6	industrial	industrial	ADJ
iiclr-17591	37	7	system	system	NOUN
iiclr-17591	37	8	based	base	VERB
iiclr-17591	37	9	on	on	ADP
iiclr-17591	37	10	small	small	ADJ
iiclr-17591	37	11	firms	firm	NOUN
iiclr-17591	37	12	.	.	PUNCT
iiclr-17591	38	1	b.	b.	PROPN
iiclr-17591	38	2	a	a	DET
iiclr-17591	38	3	follow	follow	NOUN
iiclr-17591	38	4	-	-	PUNCT
iiclr-17591	38	5	up	up	NOUN
iiclr-17591	38	6	:	:	PUNCT
iiclr-17591	38	7	the	the	DET
iiclr-17591	38	8	insufficiency	insufficiency	NOUN
iiclr-17591	38	9	of	of	ADP
iiclr-17591	38	10	data	datum	NOUN
iiclr-17591	38	11	on	on	ADP
iiclr-17591	38	12	industrial	industrial	ADJ
iiclr-17591	38	13	size	size	NOUN
iiclr-17591	38	14	in	in	ADP
iiclr-17591	38	15	assessing	assess	VERB
iiclr-17591	38	16	the	the	DET
iiclr-17591	38	17	efficiency	efficiency	NOUN
iiclr-17591	38	18	of	of	ADP
iiclr-17591	38	19	the	the	DET
iiclr-17591	38	20	italian	italian	ADJ
iiclr-17591	38	21	industrial	industrial	ADJ
iiclr-17591	38	22	system	system	NOUN
iiclr-17591	38	23	as	as	ADP
iiclr-17591	38	24	a	a	DET
iiclr-17591	38	25	whole	whole	NOUN
iiclr-17591	38	26	.	.	PUNCT
iiclr-17591	39	1	c.	c.	NOUN
iiclr-17591	39	2	the	the	DET
iiclr-17591	39	3	important	important	ADJ
iiclr-17591	39	4	role	role	NOUN
iiclr-17591	39	5	of	of	ADP
iiclr-17591	39	6	the	the	DET
iiclr-17591	39	7	public	public	ADJ
iiclr-17591	39	8	enterprise	enterprise	NOUN
iiclr-17591	39	9	system	system	NOUN
iiclr-17591	39	10	.	.	PUNCT
iiclr-17591	40	1	d.	d.	PROPN
iiclr-17591	40	2	the	the	DET
iiclr-17591	40	3	ownership	ownership	NOUN
iiclr-17591	40	4	structure	structure	NOUN
iiclr-17591	40	5	of	of	ADP
iiclr-17591	40	6	unlisted	unlisted	ADJ
iiclr-17591	40	7	companies	company	NOUN
iiclr-17591	40	8	.	.	PUNCT
iiclr-17591	41	1	e.	e.	PROPN
iiclr-17591	41	2	the	the	DET
iiclr-17591	41	3	ownership	ownership	NOUN
iiclr-17591	41	4	structure	structure	NOUN
iiclr-17591	41	5	of	of	ADP
iiclr-17591	41	6	listed	list	VERB
iiclr-17591	41	7	companies	company	NOUN
iiclr-17591	41	8	.	.	PUNCT
iiclr-17591	42	1	f.	f.	PROPN
iiclr-17591	42	2	expanding	expand	VERB
iiclr-17591	42	3	the	the	DET
iiclr-17591	42	4	view	view	NOUN
iiclr-17591	42	5	:	:	PUNCT
iiclr-17591	42	6	the	the	DET
iiclr-17591	42	7	structure	structure	NOUN
iiclr-17591	42	8	of	of	ADP
iiclr-17591	42	9	the	the	DET
iiclr-17591	42	10	control	control	NOUN
iiclr-17591	42	11	group	group	NOUN
iiclr-17591	42	12	in	in	ADP
iiclr-17591	42	13	listed	list	VERB
iiclr-17591	42	14	companies	company	NOUN
iiclr-17591	42	15	.	.	PUNCT
iiclr-17591	43	1	g.	g.	PROPN
iiclr-17591	43	2	shareholders	shareholders	PROPN
iiclr-17591	43	3	'	'	PART
iiclr-17591	43	4	agreements	agreement	NOUN
iiclr-17591	43	5	as	as	ADP
iiclr-17591	43	6	non	non	ADJ
iiclr-17591	43	7	-	-	ADJ
iiclr-17591	43	8	legal	legal	ADJ
iiclr-17591	43	9	,	,	PUNCT
iiclr-17591	43	10	or	or	CCONJ
iiclr-17591	43	11	at	at	ADP
iiclr-17591	43	12	least	least	ADJ
iiclr-17591	43	13	only	only	ADV
iiclr-17591	43	14	partly	partly	ADV
iiclr-17591	43	15	legal	legal	ADJ
iiclr-17591	43	16	,	,	PUNCT
iiclr-17591	43	17	institutions	institution	NOUN
iiclr-17591	43	18	of	of	ADP
iiclr-17591	43	19	governance	governance	NOUN
iiclr-17591	43	20	of	of	ADP
iiclr-17591	43	21	italian	italian	ADJ
iiclr-17591	43	22	companies	company	NOUN
iiclr-17591	43	23	.	.	PUNCT
iiclr-17591	44	1	h.	h.	PROPN
iiclr-17591	44	2	the	the	DET
iiclr-17591	44	3	nature	nature	NOUN
iiclr-17591	44	4	and	and	CCONJ
iiclr-17591	44	5	the	the	DET
iiclr-17591	44	6	structure	structure	NOUN
iiclr-17591	44	7	of	of	ADP
iiclr-17591	44	8	the	the	DET
iiclr-17591	44	9	control	control	NOUN
iiclr-17591	44	10	group	group	NOUN
iiclr-17591	44	11	of	of	ADP
iiclr-17591	44	12	italian	italian	ADJ
iiclr-17591	44	13	companies	company	NOUN
iiclr-17591	44	14	.	.	PUNCT
iiclr-17591	45	1	i.	i.	NOUN
iiclr-17591	45	2	factors	factor	NOUN
iiclr-17591	45	3	determining	determine	VERB
iiclr-17591	45	4	the	the	DET
iiclr-17591	45	5	concentrated	concentrated	ADJ
iiclr-17591	45	6	italian	italian	ADJ
iiclr-17591	45	7	ownership	ownership	NOUN
iiclr-17591	45	8	structure	structure	NOUN
iiclr-17591	45	9	.	.	PUNCT
iiclr-17591	46	1	j.	j.	PROPN
iiclr-17591	46	2	completing	complete	VERB
iiclr-17591	46	3	the	the	DET
iiclr-17591	46	4	view	view	NOUN
iiclr-17591	46	5	.	.	PUNCT
iiclr-17591	47	1	factors	factor	NOUN
iiclr-17591	47	2	determining	determine	VERB
iiclr-17591	47	3	the	the	DET
iiclr-17591	47	4	ownership	ownership	NOUN
iiclr-17591	47	5	structure	structure	NOUN
iiclr-17591	47	6	as	as	ADP
iiclr-17591	47	7	a	a	DET
iiclr-17591	47	8	whole	whole	NOUN
iiclr-17591	47	9	:	:	PUNCT
iiclr-17591	47	10	long	long	ADJ
iiclr-17591	47	11	-	-	PUNCT
iiclr-17591	47	12	term	term	NOUN
iiclr-17591	47	13	entrepreneurs	entrepreneur	NOUN
iiclr-17591	47	14	and	and	CCONJ
iiclr-17591	47	15	shortterm	shortterm	VERB
iiclr-17591	47	16	companions	companion	NOUN
iiclr-17591	47	17	.	.	PUNCT
iiclr-17591	48	1	k.	k.	PROPN
iiclr-17591	49	1	italian	italian	ADJ
iiclr-17591	49	2	corporate	corporate	ADJ
iiclr-17591	49	3	governance	governance	NOUN
iiclr-17591	49	4	:	:	PUNCT
iiclr-17591	49	5	some	some	DET
iiclr-17591	49	6	final	final	ADJ
iiclr-17591	49	7	remarks	remark	NOUN
iiclr-17591	49	8	.	.	PUNCT
iiclr-17591	50	1	the	the	DET
iiclr-17591	50	2	majority	majority	NOUN
iiclr-17591	50	3	stake	stake	NOUN
iiclr-17591	50	4	as	as	ADP
iiclr-17591	50	5	the	the	DET
iiclr-17591	50	6	most	most	ADV
iiclr-17591	50	7	important	important	ADJ
iiclr-17591	50	8	institution	institution	NOUN
iiclr-17591	50	9	of	of	ADP
iiclr-17591	50	10	italian	italian	ADJ
iiclr-17591	50	11	capitalism	capitalism	NOUN
iiclr-17591	50	12	.	.	PUNCT
iiclr-17591	51	1	l.	l.	NOUN
iiclr-17591	51	2	the	the	DET
iiclr-17591	51	3	way	way	NOUN
iiclr-17591	51	4	ahead	ahead	ADV
iiclr-17591	51	5	:	:	PUNCT
iiclr-17591	51	6	the	the	DET
iiclr-17591	51	7	foreseeable	foreseeable	ADJ
iiclr-17591	51	8	developments	development	NOUN
iiclr-17591	51	9	.	.	PUNCT
iiclr-17591	52	1	m.	m.	NOUN
iiclr-17591	52	2	the	the	DET
iiclr-17591	52	3	need	need	NOUN
iiclr-17591	52	4	to	to	PART
iiclr-17591	52	5	reform	reform	VERB
iiclr-17591	52	6	the	the	DET
iiclr-17591	52	7	system	system	NOUN
iiclr-17591	52	8	to	to	PART
iiclr-17591	52	9	provide	provide	VERB
iiclr-17591	52	10	strong	strong	ADJ
iiclr-17591	52	11	minority	minority	NOUN
iiclr-17591	52	12	monitoring	monitoring	NOUN
iiclr-17591	52	13	.	.	PUNCT
iiclr-17591	53	1	n.	n.	NOUN
iiclr-17591	53	2	summary	summary	NOUN
iiclr-17591	53	3	of	of	ADP
iiclr-17591	53	4	part	part	NOUN
iiclr-17591	53	5	iv	iv	X
iiclr-17591	53	6	.	.	PUNCT
iiclr-17591	54	1	v.	v.	ADP
iiclr-17591	54	2	corporate	corporate	ADJ
iiclr-17591	54	3	governance	governance	NOUN
iiclr-17591	54	4	in	in	ADP
iiclr-17591	54	5	italy	italy	PROPN
iiclr-17591	54	6	and	and	CCONJ
iiclr-17591	54	7	the	the	DET
iiclr-17591	54	8	system	system	NOUN
iiclr-17591	54	9	of	of	ADP
iiclr-17591	54	10	directors	director	NOUN
iiclr-17591	54	11	'	'	PART
iiclr-17591	54	12	liability	liability	NOUN
iiclr-17591	54	13	:	:	PUNCT
iiclr-17591	54	14	a	a	DET
iiclr-17591	54	15	proposal	proposal	NOUN
iiclr-17591	54	16	for	for	ADP
iiclr-17591	54	17	reform	reform	NOUN
iiclr-17591	54	18	a.	a.	NOUN
iiclr-17591	54	19	directors	director	NOUN
iiclr-17591	54	20	'	'	PART
iiclr-17591	54	21	accountability	accountability	NOUN
iiclr-17591	54	22	:	:	PUNCT
iiclr-17591	54	23	who	who	PRON
iiclr-17591	54	24	are	be	AUX
iiclr-17591	54	25	the	the	DET
iiclr-17591	54	26	plaintiffs	plaintiff	NOUN
iiclr-17591	54	27	in	in	ADP
iiclr-17591	54	28	liability	liability	NOUN
iiclr-17591	54	29	suits	suit	NOUN
iiclr-17591	54	30	against	against	ADP
iiclr-17591	54	31	directors	director	NOUN
iiclr-17591	54	32	?	?	PUNCT
iiclr-17591	55	1	b.	b.	PROPN
iiclr-17591	55	2	minority	minority	PROPN
iiclr-17591	55	3	shareholders	shareholder	NOUN
iiclr-17591	55	4	'	'	PART
iiclr-17591	55	5	and	and	CCONJ
iiclr-17591	55	6	directors	director	NOUN
iiclr-17591	55	7	'	'	PART
iiclr-17591	55	8	liability	liability	NOUN
iiclr-17591	55	9	:	:	PUNCT
iiclr-17591	55	10	how	how	SCONJ
iiclr-17591	55	11	many	many	ADJ
iiclr-17591	55	12	explicit	explicit	ADJ
iiclr-17591	55	13	attempts	attempt	NOUN
iiclr-17591	55	14	?	?	PUNCT
iiclr-17591	56	1	how	how	SCONJ
iiclr-17591	56	2	many	many	ADJ
iiclr-17591	56	3	"	"	PUNCT
iiclr-17591	56	4	undercover	undercover	ADJ
iiclr-17591	56	5	"	"	PUNCT
iiclr-17591	56	6	liability	liability	NOUN
iiclr-17591	56	7	suits	suit	NOUN
iiclr-17591	56	8	against	against	ADP
iiclr-17591	56	9	directors	director	NOUN
iiclr-17591	56	10	?	?	PUNCT
iiclr-17591	57	1	c.	c.	NOUN
iiclr-17591	57	2	directors	director	NOUN
iiclr-17591	57	3	'	'	PART
iiclr-17591	57	4	liability	liability	NOUN
iiclr-17591	57	5	legal	legal	ADJ
iiclr-17591	57	6	framework	framework	NOUN
iiclr-17591	57	7	in	in	ADP
iiclr-17591	57	8	action	action	NOUN
iiclr-17591	57	9	:	:	PUNCT
iiclr-17591	57	10	who	who	PRON
iiclr-17591	57	11	is	be	AUX
iiclr-17591	57	12	protected	protect	VERB
iiclr-17591	57	13	against	against	ADP
iiclr-17591	57	14	whom	whom	PRON
iiclr-17591	57	15	?	?	PUNCT
iiclr-17591	58	1	d.	d.	PROPN
iiclr-17591	58	2	concentrated	concentrate	VERB
iiclr-17591	58	3	ownership	ownership	NOUN
iiclr-17591	58	4	structure	structure	NOUN
iiclr-17591	58	5	and	and	CCONJ
iiclr-17591	58	6	majority	majority	NOUN
iiclr-17591	58	7	vote	vote	NOUN
iiclr-17591	58	8	:	:	PUNCT
iiclr-17591	58	9	spontaneous	spontaneous	ADJ
iiclr-17591	58	10	incentives	incentive	NOUN
iiclr-17591	58	11	versus	versus	ADP
iiclr-17591	58	12	optimal	optimal	ADJ
iiclr-17591	58	13	deterrence	deterrence	NOUN
iiclr-17591	58	14	.	.	PUNCT
iiclr-17591	59	1	the	the	DET
iiclr-17591	59	2	different	different	ADJ
iiclr-17591	59	3	situations	situation	NOUN
iiclr-17591	59	4	of	of	ADP
iiclr-17591	59	5	the	the	DET
iiclr-17591	59	6	duty	duty	NOUN
iiclr-17591	59	7	of	of	ADP
iiclr-17591	59	8	care	care	NOUN
iiclr-17591	59	9	and	and	CCONJ
iiclr-17591	59	10	of	of	ADP
iiclr-17591	59	11	the	the	DET
iiclr-17591	59	12	duty	duty	NOUN
iiclr-17591	59	13	of	of	ADP
iiclr-17591	59	14	loyalty	loyalty	NOUN
iiclr-17591	59	15	.	.	PUNCT
iiclr-17591	60	1	e.	e.	PROPN
iiclr-17591	61	1	the	the	DET
iiclr-17591	61	2	consequences	consequence	NOUN
iiclr-17591	61	3	of	of	ADP
iiclr-17591	61	4	the	the	DET
iiclr-17591	61	5	problematic	problematic	ADJ
iiclr-17591	61	6	enforcement	enforcement	NOUN
iiclr-17591	61	7	of	of	ADP
iiclr-17591	61	8	the	the	DET
iiclr-17591	61	9	duty	duty	NOUN
iiclr-17591	61	10	of	of	ADP
iiclr-17591	61	11	loyalty	loyalty	NOUN
iiclr-17591	61	12	.	.	PUNCT
iiclr-17591	62	1	f.	f.	NOUN
iiclr-17591	63	1	what	what	PRON
iiclr-17591	63	2	role	role	NOUN
iiclr-17591	63	3	for	for	ADP
iiclr-17591	63	4	derivative	derivative	ADJ
iiclr-17591	63	5	actions	action	NOUN
iiclr-17591	63	6	based	base	VERB
iiclr-17591	63	7	on	on	ADP
iiclr-17591	63	8	violations	violation	NOUN
iiclr-17591	63	9	of	of	ADP
iiclr-17591	63	10	the	the	DET
iiclr-17591	63	11	duty	duty	NOUN
iiclr-17591	63	12	of	of	ADP
iiclr-17591	63	13	loyalty	loyalty	NOUN
iiclr-17591	63	14	in	in	ADP
iiclr-17591	63	15	italian	italian	ADJ
iiclr-17591	63	16	corporate	corporate	ADJ
iiclr-17591	63	17	governance	governance	NOUN
iiclr-17591	63	18	?	?	PUNCT
iiclr-17591	64	1	a	a	DET
iiclr-17591	64	2	possible	possible	ADJ
iiclr-17591	64	3	contribution	contribution	NOUN
iiclr-17591	64	4	to	to	ADP
iiclr-17591	64	5	the	the	DET
iiclr-17591	64	6	implementation	implementation	NOUN
iiclr-17591	64	7	of	of	ADP
iiclr-17591	64	8	the	the	DET
iiclr-17591	64	9	"	"	PUNCT
iiclr-17591	64	10	mutability	mutability	NOUN
iiclr-17591	64	11	principle	principle	NOUN
iiclr-17591	64	12	"	"	PUNCT
iiclr-17591	64	13	?	?	PUNCT
iiclr-17591	65	1	[	[	X
iiclr-17591	65	2	vol	vol	NOUN
iiclr-17591	65	3	.	.	PUNCT
iiclr-17591	66	1	6:1	6:1	NUM
iiclr-17591	66	2	corporate	corporate	ADJ
iiclr-17591	66	3	governance	governance	NOUN
iiclr-17591	66	4	in	in	ADP
iiclr-17591	66	5	italy	italy	PROPN
iiclr-17591	66	6	g.	g.	PROPN
iiclr-17591	66	7	summary	summary	NOUN
iiclr-17591	66	8	of	of	ADP
iiclr-17591	66	9	part	part	NOUN
iiclr-17591	66	10	v.	v.	ADP
iiclr-17591	66	11	vi	vi	PROPN
iiclr-17591	66	12	.	.	PROPN
iiclr-17591	66	13	conclusion	conclusion	NOUN
iiclr-17591	66	14	:	:	PUNCT
iiclr-17591	66	15	what	what	PRON
iiclr-17591	66	16	part	part	NOUN
iiclr-17591	66	17	for	for	ADP
iiclr-17591	66	18	the	the	DET
iiclr-17591	66	19	owners	owner	NOUN
iiclr-17591	66	20	of	of	ADP
iiclr-17591	66	21	the	the	DET
iiclr-17591	66	22	firm	firm	NOUN
iiclr-17591	66	23	in	in	ADP
iiclr-17591	66	24	a	a	DET
iiclr-17591	66	25	mature	mature	ADJ
iiclr-17591	66	26	economy	economy	NOUN
iiclr-17591	66	27	?	?	PUNCT
iiclr-17591	67	1	i.	i.	PROPN
iiclr-17591	67	2	introduction	introduction	NOUN
iiclr-17591	67	3	the	the	DET
iiclr-17591	67	4	goal	goal	NOUN
iiclr-17591	67	5	of	of	ADP
iiclr-17591	67	6	this	this	DET
iiclr-17591	67	7	paper	paper	NOUN
iiclr-17591	67	8	is	be	AUX
iiclr-17591	67	9	to	to	PART
iiclr-17591	67	10	provide	provide	VERB
iiclr-17591	67	11	some	some	DET
iiclr-17591	67	12	insight	insight	NOUN
iiclr-17591	67	13	into	into	ADP
iiclr-17591	67	14	the	the	DET
iiclr-17591	67	15	italian	italian	ADJ
iiclr-17591	67	16	corporate	corporate	ADJ
iiclr-17591	67	17	governance	governance	NOUN
iiclr-17591	67	18	system	system	NOUN
iiclr-17591	67	19	.	.	PUNCT
iiclr-17591	68	1	it	it	PRON
iiclr-17591	68	2	has	have	AUX
iiclr-17591	68	3	been	be	AUX
iiclr-17591	68	4	said	say	VERB
iiclr-17591	68	5	that	that	SCONJ
iiclr-17591	68	6	"	"	PUNCT
iiclr-17591	68	7	[	[	X
iiclr-17591	68	8	i]n	i]n	VERB
iiclr-17591	68	9	an	an	DET
iiclr-17591	68	10	overall	overall	ADJ
iiclr-17591	68	11	economic	economic	ADJ
iiclr-17591	68	12	perspective	perspective	NOUN
iiclr-17591	68	13	two	two	NUM
iiclr-17591	68	14	main	main	ADJ
iiclr-17591	68	15	models	model	NOUN
iiclr-17591	68	16	of	of	ADP
iiclr-17591	68	17	control	control	NOUN
iiclr-17591	68	18	have	have	AUX
iiclr-17591	68	19	emerged	emerge	VERB
iiclr-17591	68	20	:	:	PUNCT
iiclr-17591	68	21	systems	system	NOUN
iiclr-17591	68	22	which	which	PRON
iiclr-17591	68	23	utilize	utilize	VERB
iiclr-17591	68	24	the	the	DET
iiclr-17591	68	25	market	market	NOUN
iiclr-17591	68	26	as	as	ADP
iiclr-17591	68	27	a	a	DET
iiclr-17591	68	28	monitor	monitor	NOUN
iiclr-17591	68	29	(	(	PUNCT
iiclr-17591	68	30	for	for	ADP
iiclr-17591	68	31	example	example	NOUN
iiclr-17591	68	32	,	,	PUNCT
iiclr-17591	68	33	the	the	DET
iiclr-17591	68	34	market	market	NOUN
iiclr-17591	68	35	for	for	ADP
iiclr-17591	68	36	corporate	corporate	ADJ
iiclr-17591	68	37	control	control	NOUN
iiclr-17591	68	38	as	as	ADV
iiclr-17591	68	39	particularly	particularly	ADV
iiclr-17591	68	40	in	in	ADP
iiclr-17591	68	41	the	the	DET
iiclr-17591	68	42	united	united	PROPN
iiclr-17591	68	43	states	states	PROPN
iiclr-17591	68	44	and	and	CCONJ
iiclr-17591	68	45	great	great	ADJ
iiclr-17591	68	46	britain	britain	PROPN
iiclr-17591	68	47	)	)	PUNCT
iiclr-17591	68	48	,	,	PUNCT
iiclr-17591	68	49	and	and	CCONJ
iiclr-17591	68	50	systems	system	NOUN
iiclr-17591	68	51	of	of	ADP
iiclr-17591	68	52	control	control	NOUN
iiclr-17591	68	53	in	in	ADP
iiclr-17591	68	54	which	which	PRON
iiclr-17591	68	55	banks	bank	NOUN
iiclr-17591	68	56	and	and	CCONJ
iiclr-17591	68	57	fellow	fellow	ADJ
iiclr-17591	68	58	corporations	corporation	NOUN
iiclr-17591	68	59	function	function	VERB
iiclr-17591	68	60	as	as	ADP
iiclr-17591	68	61	monitors	monitor	NOUN
iiclr-17591	68	62	(	(	PUNCT
iiclr-17591	68	63	as	as	ADP
iiclr-17591	68	64	in	in	ADP
iiclr-17591	68	65	germany	germany	PROPN
iiclr-17591	68	66	and	and	CCONJ
iiclr-17591	68	67	japan	japan	PROPN
iiclr-17591	68	68	)	)	PUNCT
iiclr-17591	68	69	.	.	PUNCT
iiclr-17591	68	70	"	"	PUNCT
iiclr-17591	69	1	this	this	PRON
iiclr-17591	69	2	is	be	AUX
iiclr-17591	69	3	doubtful	doubtful	ADJ
iiclr-17591	69	4	.	.	PUNCT
iiclr-17591	70	1	i	i	PRON
iiclr-17591	70	2	think	think	VERB
iiclr-17591	70	3	italy	italy	PROPN
iiclr-17591	70	4	represents	represent	VERB
iiclr-17591	70	5	a	a	DET
iiclr-17591	70	6	third	third	ADJ
iiclr-17591	70	7	model	model	NOUN
iiclr-17591	70	8	in	in	ADP
iiclr-17591	70	9	which	which	PRON
iiclr-17591	70	10	entrepreneurs	entrepreneur	NOUN
iiclr-17591	70	11	as	as	ADP
iiclr-17591	70	12	shareholders	shareholder	NOUN
iiclr-17591	70	13	have	have	AUX
iiclr-17591	70	14	remained	remain	VERB
iiclr-17591	70	15	in	in	ADP
iiclr-17591	70	16	control	control	NOUN
iiclr-17591	70	17	and	and	CCONJ
iiclr-17591	70	18	influence	influence	VERB
iiclr-17591	70	19	the	the	DET
iiclr-17591	70	20	corporate	corporate	ADJ
iiclr-17591	70	21	policy	policy	NOUN
iiclr-17591	70	22	rather	rather	ADV
iiclr-17591	70	23	than	than	ADP
iiclr-17591	70	24	simply	simply	ADV
iiclr-17591	70	25	monitor	monitor	VERB
iiclr-17591	70	26	more	more	ADJ
iiclr-17591	70	27	or	or	CCONJ
iiclr-17591	70	28	less	less	ADV
iiclr-17591	70	29	independent	independent	ADJ
iiclr-17591	70	30	managers	manager	NOUN
iiclr-17591	70	31	.	.	PUNCT
iiclr-17591	71	1	even	even	ADV
iiclr-17591	71	2	though	though	SCONJ
iiclr-17591	71	3	important	important	ADJ
iiclr-17591	71	4	changes	change	NOUN
iiclr-17591	71	5	in	in	ADP
iiclr-17591	71	6	the	the	DET
iiclr-17591	71	7	italian	italian	ADJ
iiclr-17591	71	8	corporate	corporate	ADJ
iiclr-17591	71	9	landscape	landscape	NOUN
iiclr-17591	71	10	are	be	AUX
iiclr-17591	71	11	now	now	ADV
iiclr-17591	71	12	taking	take	VERB
iiclr-17591	71	13	place	place	NOUN
iiclr-17591	71	14	,	,	PUNCT
iiclr-17591	71	15	and	and	CCONJ
iiclr-17591	71	16	more	more	ADJ
iiclr-17591	71	17	are	be	AUX
iiclr-17591	71	18	to	to	PART
iiclr-17591	71	19	be	be	AUX
iiclr-17591	71	20	expected	expect	VERB
iiclr-17591	71	21	in	in	ADP
iiclr-17591	71	22	the	the	DET
iiclr-17591	71	23	future	future	NOUN
iiclr-17591	71	24	,	,	PUNCT
iiclr-17591	71	25	the	the	DET
iiclr-17591	71	26	present	present	ADJ
iiclr-17591	71	27	governance	governance	NOUN
iiclr-17591	71	28	pattern	pattern	NOUN
iiclr-17591	71	29	will	will	AUX
iiclr-17591	71	30	remain	remain	VERB
iiclr-17591	71	31	the	the	DET
iiclr-17591	71	32	same	same	ADJ
iiclr-17591	71	33	for	for	ADP
iiclr-17591	71	34	several	several	ADJ
iiclr-17591	71	35	years	year	NOUN
iiclr-17591	71	36	to	to	PART
iiclr-17591	71	37	come	come	VERB
iiclr-17591	71	38	.	.	PUNCT
iiclr-17591	72	1	is	be	AUX
iiclr-17591	72	2	italy	italy	PROPN
iiclr-17591	72	3	an	an	DET
iiclr-17591	72	4	anomaly	anomaly	NOUN
iiclr-17591	72	5	,	,	PUNCT
iiclr-17591	72	6	thus	thus	ADV
iiclr-17591	72	7	not	not	PART
iiclr-17591	72	8	worthy	worthy	ADJ
iiclr-17591	72	9	to	to	PART
iiclr-17591	72	10	be	be	AUX
iiclr-17591	72	11	studied	study	VERB
iiclr-17591	72	12	?	?	PUNCT
iiclr-17591	73	1	i	i	PRON
iiclr-17591	73	2	do	do	AUX
iiclr-17591	73	3	not	not	PART
iiclr-17591	73	4	think	think	VERB
iiclr-17591	73	5	so	so	ADV
iiclr-17591	73	6	.	.	PUNCT
iiclr-17591	74	1	italy	italy	PROPN
iiclr-17591	74	2	could	could	AUX
iiclr-17591	74	3	be	be	AUX
iiclr-17591	74	4	a	a	DET
iiclr-17591	74	5	useful	useful	ADJ
iiclr-17591	74	6	subject	subject	NOUN
iiclr-17591	74	7	of	of	ADP
iiclr-17591	74	8	study	study	NOUN
iiclr-17591	74	9	for	for	ADP
iiclr-17591	74	10	corporate	corporate	ADJ
iiclr-17591	74	11	governance	governance	NOUN
iiclr-17591	74	12	specialists	specialist	NOUN
iiclr-17591	74	13	,	,	PUNCT
iiclr-17591	74	14	to	to	PART
iiclr-17591	74	15	be	be	AUX
iiclr-17591	74	16	added	add	VERB
iiclr-17591	74	17	to	to	ADP
iiclr-17591	74	18	the	the	DET
iiclr-17591	74	19	much	much	ADJ
iiclr-17591	74	20	studied	study	VERB
iiclr-17591	74	21	countries	country	NOUN
iiclr-17591	74	22	of	of	ADP
iiclr-17591	74	23	the	the	DET
iiclr-17591	74	24	former	former	ADJ
iiclr-17591	74	25	communist	communist	PROPN
iiclr-17591	74	26	bloc	bloc	NOUN
iiclr-17591	74	27	.	.	PUNCT
iiclr-17591	75	1	the	the	DET
iiclr-17591	75	2	lesson	lesson	NOUN
iiclr-17591	75	3	is	be	AUX
iiclr-17591	75	4	that	that	SCONJ
iiclr-17591	75	5	,	,	PUNCT
iiclr-17591	75	6	when	when	SCONJ
iiclr-17591	75	7	certain	certain	ADJ
iiclr-17591	75	8	conditions	condition	NOUN
iiclr-17591	75	9	are	be	AUX
iiclr-17591	75	10	met	meet	VERB
iiclr-17591	75	11	,	,	PUNCT
iiclr-17591	75	12	the	the	DET
iiclr-17591	75	13	owners	owner	NOUN
iiclr-17591	75	14	of	of	ADP
iiclr-17591	75	15	the	the	DET
iiclr-17591	75	16	enterprises	enterprise	NOUN
iiclr-17591	75	17	may	may	AUX
iiclr-17591	75	18	retain	retain	VERB
iiclr-17591	75	19	a	a	DET
iiclr-17591	75	20	part	part	NOUN
iiclr-17591	75	21	-	-	PUNCT
iiclr-17591	75	22	indeed	indeed	ADV
iiclr-17591	75	23	,	,	PUNCT
iiclr-17591	75	24	an	an	DET
iiclr-17591	75	25	important	important	ADJ
iiclr-17591	75	26	one	one	NUM
iiclr-17591	75	27	-	-	PUNCT
iiclr-17591	75	28	even	even	ADV
iiclr-17591	75	29	in	in	ADP
iiclr-17591	75	30	a	a	DET
iiclr-17591	75	31	mature	mature	ADJ
iiclr-17591	75	32	economy	economy	NOUN
iiclr-17591	75	33	.	.	PUNCT
iiclr-17591	76	1	therefore	therefore	ADV
iiclr-17591	76	2	,	,	PUNCT
iiclr-17591	76	3	separation	separation	NOUN
iiclr-17591	76	4	of	of	ADP
iiclr-17591	76	5	ownership	ownership	NOUN
iiclr-17591	76	6	and	and	CCONJ
iiclr-17591	76	7	control	control	NOUN
iiclr-17591	76	8	must	must	AUX
iiclr-17591	76	9	be	be	AUX
iiclr-17591	76	10	explained	explain	VERB
iiclr-17591	76	11	in	in	ADP
iiclr-17591	76	12	a	a	DET
iiclr-17591	76	13	historical	historical	ADJ
iiclr-17591	76	14	perspective	perspective	NOUN
iiclr-17591	76	15	,	,	PUNCT
iiclr-17591	76	16	and	and	CCONJ
iiclr-17591	76	17	can	can	AUX
iiclr-17591	76	18	not	not	PART
iiclr-17591	76	19	simply	simply	ADV
iiclr-17591	76	20	be	be	AUX
iiclr-17591	76	21	taken	take	VERB
iiclr-17591	76	22	for	for	ADP
iiclr-17591	76	23	granted	grant	VERB
iiclr-17591	76	24	once	once	ADV
iiclr-17591	76	25	the	the	DET
iiclr-17591	76	26	economy	economy	NOUN
iiclr-17591	76	27	develops	develop	VERB
iiclr-17591	76	28	.	.	PUNCT
iiclr-17591	77	1	in	in	ADP
iiclr-17591	77	2	order	order	NOUN
iiclr-17591	77	3	to	to	PART
iiclr-17591	77	4	familiarize	familiarize	VERB
iiclr-17591	77	5	the	the	DET
iiclr-17591	77	6	reader	reader	NOUN
iiclr-17591	77	7	with	with	ADP
iiclr-17591	77	8	corporate	corporate	ADJ
iiclr-17591	77	9	governance	governance	NOUN
iiclr-17591	77	10	in	in	ADP
iiclr-17591	77	11	italy	italy	PROPN
iiclr-17591	77	12	,	,	PUNCT
iiclr-17591	77	13	part	part	PROPN
iiclr-17591	77	14	ii	ii	PROPN
iiclr-17591	77	15	gives	give	VERB
iiclr-17591	77	16	the	the	DET
iiclr-17591	77	17	reader	reader	NOUN
iiclr-17591	77	18	a	a	DET
iiclr-17591	77	19	general	general	ADJ
iiclr-17591	77	20	background	background	NOUN
iiclr-17591	77	21	of	of	ADP
iiclr-17591	77	22	italian	italian	ADJ
iiclr-17591	77	23	corporate	corporate	ADJ
iiclr-17591	77	24	law	law	NOUN
iiclr-17591	77	25	and	and	CCONJ
iiclr-17591	77	26	structure	structure	NOUN
iiclr-17591	77	27	,	,	PUNCT
iiclr-17591	77	28	providing	provide	VERB
iiclr-17591	77	29	information	information	NOUN
iiclr-17591	77	30	on	on	ADP
iiclr-17591	77	31	what	what	PRON
iiclr-17591	77	32	is	be	AUX
iiclr-17591	77	33	strictly	strictly	ADV
iiclr-17591	77	34	necessary	necessary	ADJ
iiclr-17591	77	35	for	for	ADP
iiclr-17591	77	36	the	the	DET
iiclr-17591	77	37	correct	correct	ADJ
iiclr-17591	77	38	understanding	understanding	NOUN
iiclr-17591	77	39	of	of	ADP
iiclr-17591	77	40	the	the	DET
iiclr-17591	77	41	paper	paper	NOUN
iiclr-17591	77	42	's	's	PART
iiclr-17591	77	43	main	main	ADJ
iiclr-17591	77	44	theme	theme	NOUN
iiclr-17591	77	45	.	.	PUNCT
iiclr-17591	78	1	it	it	PRON
iiclr-17591	78	2	is	be	AUX
iiclr-17591	78	3	not	not	PART
iiclr-17591	78	4	intended	intend	VERB
iiclr-17591	78	5	to	to	PART
iiclr-17591	78	6	be	be	AUX
iiclr-17591	78	7	a	a	DET
iiclr-17591	78	8	substitute	substitute	NOUN
iiclr-17591	78	9	for	for	ADP
iiclr-17591	78	10	direct	direct	ADJ
iiclr-17591	78	11	knowledge	knowledge	NOUN
iiclr-17591	78	12	of	of	ADP
iiclr-17591	78	13	the	the	DET
iiclr-17591	78	14	matter	matter	NOUN
iiclr-17591	78	15	,	,	PUNCT
iiclr-17591	78	16	which	which	PRON
iiclr-17591	78	17	can	can	AUX
iiclr-17591	78	18	be	be	AUX
iiclr-17591	78	19	acquired	acquire	VERB
iiclr-17591	78	20	only	only	ADV
iiclr-17591	78	21	through	through	ADP
iiclr-17591	78	22	a	a	DET
iiclr-17591	78	23	reading	reading	NOUN
iiclr-17591	78	24	of	of	ADP
iiclr-17591	78	25	the	the	DET
iiclr-17591	78	26	various	various	ADJ
iiclr-17591	78	27	manuals	manual	NOUN
iiclr-17591	78	28	and	and	CCONJ
iiclr-17591	78	29	treatises	treatise	NOUN
iiclr-17591	78	30	on	on	ADP
iiclr-17591	78	31	the	the	DET
iiclr-17591	78	32	subject.2	subject.2	PROPN
iiclr-17591	78	33	1	1	NUM
iiclr-17591	78	34	.	.	PUNCT
iiclr-17591	79	1	klaus	klaus	PROPN
iiclr-17591	79	2	j.	j.	PROPN
iiclr-17591	79	3	hopt	hopt	PROPN
iiclr-17591	79	4	,	,	PUNCT
iiclr-17591	79	5	preface	preface	NOUN
iiclr-17591	79	6	to	to	ADP
iiclr-17591	79	7	institutional	institutional	ADJ
iiclr-17591	79	8	investors	investor	NOUN
iiclr-17591	79	9	and	and	CCONJ
iiclr-17591	79	10	corporate	corporate	ADJ
iiclr-17591	79	11	governance	governance	NOUN
iiclr-17591	79	12	1	1	NUM
iiclr-17591	79	13	,	,	PUNCT
iiclr-17591	79	14	2	2	NUM
iiclr-17591	79	15	(	(	PUNCT
iiclr-17591	79	16	theodor	theodor	NOUN
iiclr-17591	79	17	baums	baum	NOUN
iiclr-17591	79	18	et	et	PROPN
iiclr-17591	79	19	al	al	PROPN
iiclr-17591	79	20	.	.	PUNCT
iiclr-17591	80	1	eds	eds	PROPN
iiclr-17591	80	2	.	.	PROPN
iiclr-17591	80	3	,	,	PUNCT
iiclr-17591	80	4	1994	1994	NUM
iiclr-17591	80	5	)	)	PUNCT
iiclr-17591	80	6	.	.	PUNCT
iiclr-17591	81	1	2	2	X
iiclr-17591	81	2	.	.	X
iiclr-17591	81	3	a	a	DET
iiclr-17591	81	4	selective	selective	ADJ
iiclr-17591	81	5	bibliography	bibliography	NOUN
iiclr-17591	81	6	includes	include	VERB
iiclr-17591	81	7	the	the	DET
iiclr-17591	81	8	following	follow	VERB
iiclr-17591	81	9	texts	text	NOUN
iiclr-17591	81	10	(	(	PUNCT
iiclr-17591	81	11	listed	list	VERB
iiclr-17591	81	12	in	in	ADP
iiclr-17591	81	13	alphabetical	alphabetical	ADJ
iiclr-17591	81	14	order	order	NOUN
iiclr-17591	81	15	):	):	PUNCT
iiclr-17591	81	16	(	(	PUNCT
iiclr-17591	81	17	a	a	X
iiclr-17591	81	18	)	)	PUNCT
iiclr-17591	81	19	manuals	manual	NOUN
iiclr-17591	81	20	(	(	PUNCT
iiclr-17591	81	21	1	1	X
iiclr-17591	81	22	)	)	PUNCT
iiclr-17591	81	23	giuseppeauletra	giuseppeauletra	NOUN
iiclr-17591	81	24	&	&	CCONJ
iiclr-17591	81	25	niccolo'salanitro	niccolo'salanitro	NOUN
iiclr-17591	81	26	,	,	PUNCT
iiclr-17591	81	27	dirrocommerciale	dirrocommerciale	NOUN
iiclr-17591	81	28	(	(	PUNCT
iiclr-17591	81	29	9th	9th	ADJ
iiclr-17591	81	30	ed	ed	NOUN
iiclr-17591	81	31	.	.	PROPN
iiclr-17591	81	32	1994	1994	NUM
iiclr-17591	81	33	)	)	PUNCT
iiclr-17591	81	34	.	.	PUNCT
iiclr-17591	82	1	(	(	PUNCT
iiclr-17591	82	2	2	2	X
iiclr-17591	82	3	)	)	PUNCT
iiclr-17591	82	4	gian	gian	PROPN
iiclr-17591	82	5	franco	franco	PROPN
iiclr-17591	82	6	campobasso	campobasso	PROPN
iiclr-17591	82	7	,	,	PUNCT
iiclr-17591	82	8	dirrro	dirrro	PROPN
iiclr-17591	82	9	commerciale	commerciale	NOUN
iiclr-17591	82	10	,	,	PUNCT
iiclr-17591	82	11	in	in	ADP
iiclr-17591	82	12	three	three	NUM
iiclr-17591	82	13	volumes	volume	NOUN
iiclr-17591	82	14	:	:	PUNCT
iiclr-17591	83	1	i	i	PRON
iiclr-17591	83	2	dmirtro	dmirtro	VERB
iiclr-17591	83	3	dell'impresa	dell'impresa	PROPN
iiclr-17591	83	4	(	(	PUNCT
iiclr-17591	83	5	2d	2d	NUM
iiclr-17591	83	6	ed	ed	NOUN
iiclr-17591	83	7	.	.	PROPN
iiclr-17591	83	8	1993	1993	NUM
iiclr-17591	83	9	)	)	PUNCT
iiclr-17591	83	10	;	;	PUNCT
iiclr-17591	83	11	2	2	NUM
iiclr-17591	83	12	diritro	diritro	NOUN
iiclr-17591	83	13	dfl.e	dfl.e	PART
iiclr-17591	83	14	societa	societa	NOUN
iiclr-17591	83	15	(	(	PUNCT
iiclr-17591	83	16	2d	2d	NUM
iiclr-17591	83	17	ed	ed	NOUN
iiclr-17591	83	18	.	.	PROPN
iiclr-17591	83	19	1992	1992	NUM
iiclr-17591	83	20	)	)	PUNCT
iiclr-17591	83	21	;	;	PUNCT
iiclr-17591	83	22	3	3	NUM
iiclr-17591	83	23	contrati	contrati	NOUN
iiclr-17591	83	24	titoli	titoli	X
iiclr-17591	83	25	di	di	X
iiclr-17591	83	26	credrro	credrro	ADJ
iiclr-17591	83	27	procedure	procedure	NOUN
iiclr-17591	83	28	concorsuali	concorsuali	NOUN
iiclr-17591	83	29	(	(	PUNCT
iiclr-17591	83	30	1992	1992	NUM
iiclr-17591	83	31	)	)	PUNCT
iiclr-17591	83	32	.	.	PUNCT
iiclr-17591	84	1	(	(	PUNCT
iiclr-17591	84	2	3	3	X
iiclr-17591	84	3	)	)	PUNCT
iiclr-17591	84	4	gastone	gastone	NOUN
iiclr-17591	84	5	corrino	corrino	NOUN
iiclr-17591	84	6	,	,	PUNCT
iiclr-17591	84	7	corso	corso	PROPN
iiclr-17591	84	8	di	di	PROPN
iiclr-17591	84	9	difrrro	difrrro	PROPN
iiclr-17591	84	10	commerciale	commerciale	PROPN
iiclr-17591	84	11	,	,	PUNCT
iiclr-17591	84	12	in	in	ADP
iiclr-17591	84	13	two	two	NUM
iiclr-17591	84	14	volumes	volume	NOUN
iiclr-17591	84	15	:	:	PUNCT
iiclr-17591	84	16	i	i	PRON
iiclr-17591	84	17	(	(	PUNCT
iiclr-17591	84	18	3d	3d	PROPN
iiclr-17591	84	19	ed	ed	NOUN
iiclr-17591	84	20	.	.	PROPN
iiclr-17591	84	21	1993	1993	NUM
iiclr-17591	84	22	)	)	PUNCT
iiclr-17591	84	23	;	;	PUNCT
iiclr-17591	84	24	and	and	CCONJ
iiclr-17591	84	25	2	2	NUM
iiclr-17591	84	26	(	(	PUNCT
iiclr-17591	84	27	3d	3d	NUM
iiclr-17591	84	28	ed	ed	NOUN
iiclr-17591	84	29	.	.	PROPN
iiclr-17591	84	30	1994	1994	NUM
iiclr-17591	84	31	)	)	PUNCT
iiclr-17591	84	32	.	.	PUNCT
iiclr-17591	85	1	(	(	PUNCT
iiclr-17591	85	2	4	4	X
iiclr-17591	85	3	)	)	PUNCT
iiclr-17591	85	4	francodisabato	francodisabato	NOUN
iiclr-17591	85	5	,	,	PUNCT
iiclr-17591	85	6	manualedellesocera	manualedellesocera	NOUN
iiclr-17591	85	7	(	(	PUNCT
iiclr-17591	85	8	4th	4th	ADJ
iiclr-17591	85	9	ed	ed	NOUN
iiclr-17591	85	10	.	.	PROPN
iiclr-17591	85	11	1992	1992	NUM
iiclr-17591	85	12	)	)	PUNCT
iiclr-17591	85	13	.	.	PUNCT
iiclr-17591	86	1	1995	1995	NUM
iiclr-17591	86	2	]	]	X
iiclr-17591	86	3	ind	ind	NOUN
iiclr-17591	86	4	.	.	PUNCT
iiclr-17591	87	1	int'l	int'l	PROPN
iiclr-17591	87	2	&	&	CCONJ
iiclr-17591	87	3	comp	comp	PROPN
iiclr-17591	87	4	.	.	PUNCT
iiclr-17591	88	1	l	l	PROPN
iiclr-17591	88	2	rev	rev	PROPN
iiclr-17591	88	3	.	.	PUNCT
iiclr-17591	89	1	details	detail	NOUN
iiclr-17591	89	2	,	,	PUNCT
iiclr-17591	89	3	often	often	ADV
iiclr-17591	89	4	important	important	ADJ
iiclr-17591	89	5	ones	one	NOUN
iiclr-17591	89	6	,	,	PUNCT
iiclr-17591	89	7	sometimes	sometimes	ADV
iiclr-17591	89	8	have	have	AUX
iiclr-17591	89	9	been	be	AUX
iiclr-17591	89	10	passed	pass	VERB
iiclr-17591	89	11	over	over	ADP
iiclr-17591	89	12	or	or	CCONJ
iiclr-17591	89	13	simply	simply	ADV
iiclr-17591	89	14	have	have	AUX
iiclr-17591	89	15	been	be	AUX
iiclr-17591	89	16	referred	refer	VERB
iiclr-17591	89	17	to	to	ADP
iiclr-17591	89	18	in	in	ADP
iiclr-17591	89	19	the	the	DET
iiclr-17591	89	20	footnotes	footnote	NOUN
iiclr-17591	89	21	,	,	PUNCT
iiclr-17591	89	22	with	with	ADP
iiclr-17591	89	23	an	an	DET
iiclr-17591	89	24	indication	indication	NOUN
iiclr-17591	89	25	of	of	ADP
iiclr-17591	89	26	sources	source	NOUN
iiclr-17591	89	27	where	where	SCONJ
iiclr-17591	89	28	they	they	PRON
iiclr-17591	89	29	are	be	AUX
iiclr-17591	89	30	appropriately	appropriately	ADV
iiclr-17591	89	31	discussed	discuss	VERB
iiclr-17591	89	32	.	.	PUNCT
iiclr-17591	90	1	those	those	PRON
iiclr-17591	90	2	familiar	familiar	ADJ
iiclr-17591	90	3	with	with	ADP
iiclr-17591	90	4	the	the	DET
iiclr-17591	90	5	subject	subject	NOUN
iiclr-17591	90	6	may	may	AUX
iiclr-17591	90	7	simply	simply	ADV
iiclr-17591	90	8	skip	skip	VERB
iiclr-17591	90	9	part	part	NOUN
iiclr-17591	90	10	ii	ii	NOUN
iiclr-17591	90	11	,	,	PUNCT
iiclr-17591	90	12	and	and	CCONJ
iiclr-17591	90	13	those	those	PRON
iiclr-17591	90	14	who	who	PRON
iiclr-17591	90	15	are	be	AUX
iiclr-17591	90	16	interested	interested	ADJ
iiclr-17591	90	17	in	in	ADP
iiclr-17591	90	18	its	its	PRON
iiclr-17591	90	19	conclusions	conclusion	NOUN
iiclr-17591	90	20	can	can	AUX
iiclr-17591	90	21	find	find	VERB
iiclr-17591	90	22	them	they	PRON
iiclr-17591	90	23	in	in	ADP
iiclr-17591	90	24	section	section	NOUN
iiclr-17591	90	25	ii.f	ii.f	NOUN
iiclr-17591	90	26	.	.	PUNCT
iiclr-17591	91	1	part	part	NOUN
iiclr-17591	91	2	iii	iii	NUM
iiclr-17591	91	3	explores	explore	NOUN
iiclr-17591	91	4	the	the	DET
iiclr-17591	91	5	legal	legal	ADJ
iiclr-17591	91	6	framework	framework	NOUN
iiclr-17591	91	7	of	of	ADP
iiclr-17591	91	8	directors	director	NOUN
iiclr-17591	91	9	'	'	PART
iiclr-17591	91	10	liability	liability	NOUN
iiclr-17591	91	11	under	under	ADP
iiclr-17591	91	12	the	the	DET
iiclr-17591	91	13	particular	particular	ADJ
iiclr-17591	91	14	prism	prism	NOUN
iiclr-17591	91	15	of	of	ADP
iiclr-17591	91	16	the	the	DET
iiclr-17591	91	17	balance	balance	NOUN
iiclr-17591	91	18	of	of	ADP
iiclr-17591	91	19	power	power	NOUN
iiclr-17591	91	20	between	between	ADP
iiclr-17591	91	21	majority	majority	NOUN
iiclr-17591	91	22	and	and	CCONJ
iiclr-17591	91	23	minority	minority	NOUN
iiclr-17591	91	24	.	.	PUNCT
iiclr-17591	92	1	particular	particular	ADJ
iiclr-17591	92	2	focus	focus	NOUN
iiclr-17591	92	3	is	be	AUX
iiclr-17591	92	4	on	on	ADP
iiclr-17591	92	5	the	the	DET
iiclr-17591	92	6	civil	civil	ADJ
iiclr-17591	92	7	code	code	NOUN
iiclr-17591	92	8	rule	rule	NOUN
iiclr-17591	92	9	requiring	require	VERB
iiclr-17591	92	10	a	a	DET
iiclr-17591	92	11	majority	majority	NOUN
iiclr-17591	92	12	vote	vote	NOUN
iiclr-17591	92	13	for	for	ADP
iiclr-17591	92	14	an	an	DET
iiclr-17591	92	15	action	action	NOUN
iiclr-17591	92	16	against	against	ADP
iiclr-17591	92	17	directors	director	NOUN
iiclr-17591	92	18	to	to	PART
iiclr-17591	92	19	be	be	AUX
iiclr-17591	92	20	brought	bring	VERB
iiclr-17591	92	21	by	by	ADP
iiclr-17591	92	22	the	the	DET
iiclr-17591	92	23	company	company	NOUN
iiclr-17591	92	24	and	and	CCONJ
iiclr-17591	92	25	its	its	PRON
iiclr-17591	92	26	significance	significance	NOUN
iiclr-17591	92	27	as	as	ADP
iiclr-17591	92	28	a	a	DET
iiclr-17591	92	29	governance	governance	NOUN
iiclr-17591	92	30	tool	tool	NOUN
iiclr-17591	92	31	.	.	PUNCT
iiclr-17591	93	1	conclusions	conclusion	NOUN
iiclr-17591	93	2	can	can	AUX
iiclr-17591	93	3	be	be	AUX
iiclr-17591	93	4	found	find	VERB
iiclr-17591	93	5	in	in	ADP
iiclr-17591	93	6	section	section	NOUN
iiclr-17591	93	7	iii.d	iii.d	PROPN
iiclr-17591	93	8	.	.	PUNCT
iiclr-17591	94	1	part	part	NOUN
iiclr-17591	94	2	iv	iv	NUM
iiclr-17591	94	3	analyzes	analyze	VERB
iiclr-17591	94	4	the	the	DET
iiclr-17591	94	5	structure	structure	NOUN
iiclr-17591	94	6	of	of	ADP
iiclr-17591	94	7	the	the	DET
iiclr-17591	94	8	italian	italian	ADJ
iiclr-17591	94	9	industrial	industrial	ADJ
iiclr-17591	94	10	system	system	NOUN
iiclr-17591	94	11	and	and	CCONJ
iiclr-17591	94	12	the	the	DET
iiclr-17591	94	13	ownership	ownership	NOUN
iiclr-17591	94	14	pattern	pattern	NOUN
iiclr-17591	94	15	of	of	ADP
iiclr-17591	94	16	italian	italian	ADJ
iiclr-17591	94	17	companies	company	NOUN
iiclr-17591	94	18	.	.	PUNCT
iiclr-17591	95	1	the	the	DET
iiclr-17591	95	2	result	result	NOUN
iiclr-17591	95	3	of	of	ADP
iiclr-17591	95	4	this	this	DET
iiclr-17591	95	5	analysis	analysis	NOUN
iiclr-17591	95	6	is	be	AUX
iiclr-17591	95	7	that	that	SCONJ
iiclr-17591	95	8	the	the	DET
iiclr-17591	95	9	dominant	dominant	ADJ
iiclr-17591	95	10	institution	institution	NOUN
iiclr-17591	95	11	of	of	ADP
iiclr-17591	95	12	italian	italian	ADJ
iiclr-17591	95	13	corporate	corporate	ADJ
iiclr-17591	95	14	governance	governance	NOUN
iiclr-17591	95	15	is	be	AUX
iiclr-17591	95	16	direct	direct	ADJ
iiclr-17591	95	17	involvement	involvement	NOUN
iiclr-17591	95	18	of	of	ADP
iiclr-17591	95	19	large	large	ADJ
iiclr-17591	95	20	shareholders	shareholder	NOUN
iiclr-17591	95	21	,	,	PUNCT
iiclr-17591	95	22	either	either	CCONJ
iiclr-17591	95	23	alone	alone	ADV
iiclr-17591	95	24	or	or	CCONJ
iiclr-17591	95	25	associated	associate	VERB
iiclr-17591	95	26	in	in	ADP
iiclr-17591	95	27	a	a	DET
iiclr-17591	95	28	structured	structured	ADJ
iiclr-17591	95	29	control	control	NOUN
iiclr-17591	95	30	group	group	NOUN
iiclr-17591	95	31	.	.	PUNCT
iiclr-17591	96	1	synthetic	synthetic	ADJ
iiclr-17591	96	2	conclusions	conclusion	NOUN
iiclr-17591	96	3	are	be	AUX
iiclr-17591	96	4	drawn	draw	VERB
iiclr-17591	96	5	in	in	ADP
iiclr-17591	96	6	section	section	NOUN
iiclr-17591	96	7	iv.n	iv.n	PROPN
iiclr-17591	96	8	.	.	PUNCT
iiclr-17591	97	1	part	part	NOUN
iiclr-17591	97	2	v	v	PROPN
iiclr-17591	97	3	,	,	PUNCT
iiclr-17591	97	4	starting	start	VERB
iiclr-17591	97	5	from	from	ADP
iiclr-17591	97	6	the	the	DET
iiclr-17591	97	7	analysis	analysis	NOUN
iiclr-17591	97	8	of	of	ADP
iiclr-17591	97	9	the	the	DET
iiclr-17591	97	10	existing	exist	VERB
iiclr-17591	97	11	"	"	PUNCT
iiclr-17591	97	12	case	case	NOUN
iiclr-17591	97	13	law	law	NOUN
iiclr-17591	97	14	"	"	PUNCT
iiclr-17591	97	15	concerning	concern	VERB
iiclr-17591	97	16	directors	director	NOUN
iiclr-17591	97	17	'	'	PART
iiclr-17591	97	18	liability	liability	NOUN
iiclr-17591	97	19	,	,	PUNCT
iiclr-17591	97	20	suggests	suggest	VERB
iiclr-17591	97	21	a	a	DET
iiclr-17591	97	22	change	change	NOUN
iiclr-17591	97	23	in	in	ADP
iiclr-17591	97	24	the	the	DET
iiclr-17591	97	25	legal	legal	ADJ
iiclr-17591	97	26	rules	rule	NOUN
iiclr-17591	97	27	of	of	ADP
iiclr-17591	97	28	corporate	corporate	ADJ
iiclr-17591	97	29	governance	governance	NOUN
iiclr-17591	97	30	concerning	concern	VERB
iiclr-17591	97	31	minority	minority	NOUN
iiclr-17591	97	32	suits	suit	NOUN
iiclr-17591	97	33	against	against	ADP
iiclr-17591	97	34	directors	director	NOUN
iiclr-17591	97	35	.	.	PUNCT
iiclr-17591	98	1	such	such	ADJ
iiclr-17591	98	2	change	change	NOUN
iiclr-17591	98	3	is	be	AUX
iiclr-17591	98	4	necessary	necessary	ADJ
iiclr-17591	98	5	to	to	PART
iiclr-17591	98	6	pave	pave	VERB
iiclr-17591	98	7	the	the	DET
iiclr-17591	98	8	way	way	NOUN
iiclr-17591	98	9	for	for	ADP
iiclr-17591	98	10	new	new	ADJ
iiclr-17591	98	11	organizational	organizational	ADJ
iiclr-17591	98	12	forms	form	NOUN
iiclr-17591	98	13	,	,	PUNCT
iiclr-17591	98	14	in	in	ADP
iiclr-17591	98	15	which	which	PRON
iiclr-17591	98	16	the	the	DET
iiclr-17591	98	17	role	role	NOUN
iiclr-17591	98	18	of	of	ADP
iiclr-17591	98	19	particular	particular	ADJ
iiclr-17591	98	20	kinds	kind	NOUN
iiclr-17591	98	21	of	of	ADP
iiclr-17591	98	22	minority	minority	NOUN
iiclr-17591	98	23	shareholders	shareholder	NOUN
iiclr-17591	98	24	-	-	PUNCT
iiclr-17591	98	25	namely	namely	ADV
iiclr-17591	98	26	,	,	PUNCT
iiclr-17591	98	27	institutional	institutional	ADJ
iiclr-17591	98	28	investors	investor	NOUN
iiclr-17591	98	29	-	-	PUNCT
iiclr-17591	98	30	will	will	AUX
iiclr-17591	98	31	be	be	AUX
iiclr-17591	98	32	of	of	ADP
iiclr-17591	98	33	critical	critical	ADJ
iiclr-17591	98	34	importance	importance	NOUN
iiclr-17591	98	35	.	.	PUNCT
iiclr-17591	99	1	findings	finding	NOUN
iiclr-17591	99	2	and	and	CCONJ
iiclr-17591	99	3	proposals	proposal	NOUN
iiclr-17591	99	4	are	be	AUX
iiclr-17591	99	5	summarized	summarize	VERB
iiclr-17591	99	6	in	in	ADP
iiclr-17591	99	7	section	section	NOUN
iiclr-17591	99	8	v.g	v.g	PROPN
iiclr-17591	99	9	.	.	PROPN
iiclr-17591	99	10	ii	ii	PROPN
iiclr-17591	99	11	.	.	PUNCT
iiclr-17591	100	1	the	the	DET
iiclr-17591	100	2	italian	italian	ADJ
iiclr-17591	100	3	system	system	NOUN
iiclr-17591	100	4	of	of	ADP
iiclr-17591	100	5	corporate	corporate	ADJ
iiclr-17591	100	6	governance	governance	NOUN
iiclr-17591	100	7	:	:	PUNCT
iiclr-17591	100	8	the	the	DET
iiclr-17591	100	9	legal	legal	ADJ
iiclr-17591	100	10	framework	framework	NOUN
iiclr-17591	100	11	a.	a.	NOUN
iiclr-17591	100	12	the	the	DET
iiclr-17591	100	13	legal	legal	ADJ
iiclr-17591	100	14	sources	source	NOUN
iiclr-17591	100	15	of	of	ADP
iiclr-17591	100	16	italian	italian	ADJ
iiclr-17591	100	17	private	private	ADJ
iiclr-17591	100	18	law	law	NOUN
iiclr-17591	100	19	:	:	PUNCT
iiclr-17591	100	20	the	the	DET
iiclr-17591	100	21	civil	civil	ADJ
iiclr-17591	100	22	code	code	NOUN
iiclr-17591	100	23	.	.	PUNCT
iiclr-17591	101	1	the	the	DET
iiclr-17591	101	2	italian	italian	ADJ
iiclr-17591	101	3	codice	codice	PROPN
iiclr-17591	101	4	civile	civile	NOUN
iiclr-17591	101	5	[	[	X
iiclr-17591	101	6	hereinafter	hereinafter	NOUN
iiclr-17591	101	7	civil	civil	ADJ
iiclr-17591	101	8	code	code	PROPN
iiclr-17591	101	9	]	]	PUNCT
iiclr-17591	101	10	was	be	AUX
iiclr-17591	101	11	enacted	enact	VERB
iiclr-17591	101	12	on	on	ADP
iiclr-17591	101	13	march	march	PROPN
iiclr-17591	101	14	16	16	NUM
iiclr-17591	101	15	,	,	PUNCT
iiclr-17591	101	16	1942	1942	NUM
iiclr-17591	101	17	.	.	PUNCT
iiclr-17591	102	1	at	at	ADP
iiclr-17591	102	2	that	that	DET
iiclr-17591	102	3	time	time	NOUN
iiclr-17591	102	4	,	,	PUNCT
iiclr-17591	102	5	italy	italy	PROPN
iiclr-17591	102	6	had	have	AUX
iiclr-17591	102	7	been	be	AUX
iiclr-17591	102	8	ruled	rule	VERB
iiclr-17591	102	9	by	by	ADP
iiclr-17591	102	10	the	the	DET
iiclr-17591	102	11	fascist	fascist	ADJ
iiclr-17591	102	12	government	government	NOUN
iiclr-17591	102	13	for	for	ADP
iiclr-17591	102	14	almost	almost	ADV
iiclr-17591	102	15	twenty	twenty	NUM
iiclr-17591	102	16	years	year	NOUN
iiclr-17591	102	17	and	and	CCONJ
iiclr-17591	102	18	was	be	AUX
iiclr-17591	102	19	at	at	ADP
iiclr-17591	102	20	war	war	NOUN
iiclr-17591	102	21	.	.	PUNCT
iiclr-17591	103	1	badly	badly	ADV
iiclr-17591	103	2	equipped	equip	VERB
iiclr-17591	103	3	italian	italian	ADJ
iiclr-17591	103	4	armies	army	NOUN
iiclr-17591	103	5	had	have	AUX
iiclr-17591	103	6	recently	recently	ADV
iiclr-17591	103	7	joined	join	VERB
iiclr-17591	103	8	the	the	DET
iiclr-17591	103	9	armies	army	NOUN
iiclr-17591	103	10	of	of	ADP
iiclr-17591	103	11	germany	germany	PROPN
iiclr-17591	103	12	in	in	ADP
iiclr-17591	103	13	the	the	DET
iiclr-17591	103	14	invasion	invasion	NOUN
iiclr-17591	103	15	of	of	ADP
iiclr-17591	103	16	soviet	soviet	PROPN
iiclr-17591	103	17	union	union	PROPN
iiclr-17591	103	18	,	,	PUNCT
iiclr-17591	103	19	which	which	PRON
iiclr-17591	103	20	later	later	ADV
iiclr-17591	103	21	proved	prove	VERB
iiclr-17591	103	22	to	to	PART
iiclr-17591	103	23	be	be	AUX
iiclr-17591	103	24	one	one	NUM
iiclr-17591	103	25	of	of	ADP
iiclr-17591	103	26	the	the	DET
iiclr-17591	103	27	turning	turning	NOUN
iiclr-17591	103	28	points	point	NOUN
iiclr-17591	103	29	of	of	ADP
iiclr-17591	103	30	world	world	PROPN
iiclr-17591	103	31	war	war	PROPN
iiclr-17591	103	32	ii	ii	PROPN
iiclr-17591	103	33	.	.	PUNCT
iiclr-17591	104	1	(	(	PUNCT
iiclr-17591	104	2	5	5	X
iiclr-17591	104	3	)	)	PUNCT
iiclr-17591	104	4	fancesco	fancesco	PROPN
iiclr-17591	104	5	ferrara	ferrara	PROPN
iiclr-17591	104	6	&	&	CCONJ
iiclr-17591	104	7	francesco	francesco	PROPN
iiclr-17591	104	8	corsi	corsi	PROPN
iiclr-17591	104	9	,	,	PUNCT
iiclr-17591	104	10	gli	gli	PROPN
iiclr-17591	104	11	imprenditori	imprenditori	PROPN
iiclr-17591	104	12	e	e	PROPN
iiclr-17591	104	13	le	le	X
iiclr-17591	104	14	societa	societa	PROPN
iiclr-17591	104	15	(	(	PUNCT
iiclr-17591	104	16	9th	9th	ADJ
iiclr-17591	104	17	ed	ed	NOUN
iiclr-17591	104	18	.	.	PROPN
iiclr-17591	104	19	1994	1994	NUM
iiclr-17591	104	20	)	)	PUNCT
iiclr-17591	104	21	.	.	PUNCT
iiclr-17591	105	1	(	(	PUNCT
iiclr-17591	105	2	6	6	X
iiclr-17591	105	3	)	)	PUNCT
iiclr-17591	105	4	giuseppe	giuseppe	PROPN
iiclr-17591	105	5	ferri	ferri	PROPN
iiclr-17591	105	6	,	,	PUNCT
iiclr-17591	105	7	manuale	manuale	PROPN
iiclr-17591	105	8	di	di	PROPN
iiclr-17591	105	9	dirri	dirri	PROPN
iiclr-17591	105	10	-	-	PUNCT
iiclr-17591	105	11	ro	ro	X
iiclr-17591	105	12	commerciale	commerciale	NOUN
iiclr-17591	105	13	(	(	PUNCT
iiclr-17591	105	14	9th	9th	ADJ
iiclr-17591	105	15	ed	ed	NOUN
iiclr-17591	105	16	.	.	PROPN
iiclr-17591	105	17	1993	1993	NUM
iiclr-17591	105	18	)	)	PUNCT
iiclr-17591	105	19	.	.	PUNCT
iiclr-17591	106	1	(	(	PUNCT
iiclr-17591	106	2	7	7	X
iiclr-17591	106	3	)	)	PUNCT
iiclr-17591	106	4	francesco	francesco	NOUN
iiclr-17591	106	5	galgano	galgano	PROPN
iiclr-17591	106	6	,	,	PUNCT
iiclr-17591	106	7	diriro	diriro	VERB
iiclr-17591	106	8	commerciale	commerciale	NOUN
iiclr-17591	106	9	,	,	PUNCT
iiclr-17591	106	10	in	in	ADP
iiclr-17591	106	11	two	two	NUM
iiclr-17591	106	12	volumes	volume	NOUN
iiclr-17591	106	13	:	:	PUNCT
iiclr-17591	106	14	i	i	PRON
iiclr-17591	106	15	dirfirro	dirfirro	VERB
iiclr-17591	106	16	dell'impresa	dell'impresa	PROPN
iiclr-17591	106	17	(	(	PUNCT
iiclr-17591	106	18	4th	4th	ADJ
iiclr-17591	106	19	ed	ed	NOUN
iiclr-17591	106	20	.	.	PROPN
iiclr-17591	106	21	1991	1991	NUM
iiclr-17591	106	22	)	)	PUNCT
iiclr-17591	106	23	;	;	PUNCT
iiclr-17591	106	24	2	2	NUM
iiclr-17591	106	25	dirrrro	dirrrro	NOUN
iiclr-17591	106	26	delie	delie	VERB
iiclr-17591	106	27	societa	societa	NOUN
iiclr-17591	106	28	(	(	PUNCT
iiclr-17591	106	29	4th	4th	ADJ
iiclr-17591	106	30	ed	ed	NOUN
iiclr-17591	106	31	.	.	PROPN
iiclr-17591	106	32	1991	1991	NUM
iiclr-17591	106	33	)	)	PUNCT
iiclr-17591	106	34	.	.	PUNCT
iiclr-17591	107	1	(	(	PUNCT
iiclr-17591	107	2	8)	8)	NUM
iiclr-17591	107	3	piergiustojaege	piergiustojaege	NOUN
iiclr-17591	107	4	,	,	PUNCT
iiclr-17591	107	5	&	&	CCONJ
iiclr-17591	107	6	francescodenozza	francescodenozza	PROPN
iiclr-17591	107	7	,	,	PUNCT
iiclr-17591	107	8	appunti	appunti	PROPN
iiclr-17591	107	9	di	di	PROPN
iiclr-17591	107	10	diritio	diritio	PROPN
iiclr-17591	107	11	commerciale	commerciale	PROPN
iiclr-17591	107	12	(	(	PUNCT
iiclr-17591	107	13	3d	3d	PROPN
iiclr-17591	107	14	ed	ed	NOUN
iiclr-17591	107	15	.	.	PROPN
iiclr-17591	107	16	1994	1994	NUM
iiclr-17591	107	17	)	)	PUNCT
iiclr-17591	107	18	.	.	PUNCT
iiclr-17591	108	1	(	(	PUNCT
iiclr-17591	108	2	b	b	X
iiclr-17591	108	3	)	)	PUNCT
iiclr-17591	108	4	treatises	treatise	NOUN
iiclr-17591	108	5	t"atrato	t"atrato	NOUN
iiclr-17591	108	6	de3	de3	VERB
iiclr-17591	108	7	ie	ie	X
iiclr-17591	108	8	societa	societa	PROPN
iiclr-17591	108	9	per	per	ADP
iiclr-17591	108	10	aziont	aziont	NOUN
iiclr-17591	108	11	,	,	PUNCT
iiclr-17591	108	12	(	(	PUNCT
iiclr-17591	108	13	giovanni	giovanni	PROPN
iiclr-17591	108	14	e.	e.	PROPN
iiclr-17591	108	15	colombo	colombo	PROPN
iiclr-17591	108	16	&	&	CCONJ
iiclr-17591	108	17	giuseppe	giuseppe	PROPN
iiclr-17591	108	18	b.	b.	PROPN
iiclr-17591	108	19	portale	portale	PROPN
iiclr-17591	108	20	eds	eds	PROPN
iiclr-17591	108	21	.	.	PUNCT
iiclr-17591	108	22	)	)	PUNCT
iiclr-17591	109	1	(	(	PUNCT
iiclr-17591	109	2	eight	eight	NUM
iiclr-17591	109	3	volumes	volume	NOUN
iiclr-17591	109	4	of	of	ADP
iiclr-17591	109	5	a	a	DET
iiclr-17591	109	6	scheduled	schedule	VERB
iiclr-17591	109	7	ten	ten	NOUN
iiclr-17591	109	8	have	have	AUX
iiclr-17591	109	9	been	be	AUX
iiclr-17591	109	10	published	publish	VERB
iiclr-17591	109	11	)	)	PUNCT
iiclr-17591	109	12	.	.	PUNCT
iiclr-17591	110	1	(	(	PUNCT
iiclr-17591	110	2	vol	vol	NOUN
iiclr-17591	110	3	.	.	PUNCT
iiclr-17591	111	1	6:1i	6:1i	NUM
iiclr-17591	111	2	corporate	corporate	ADJ
iiclr-17591	111	3	governance	governance	NOUN
iiclr-17591	111	4	in	in	ADP
iiclr-17591	111	5	italy	italy	PROPN
iiclr-17591	111	6	notwithstanding	notwithstanding	ADP
iiclr-17591	111	7	the	the	DET
iiclr-17591	111	8	tragic	tragic	ADJ
iiclr-17591	111	9	circumstances	circumstance	NOUN
iiclr-17591	111	10	in	in	ADP
iiclr-17591	111	11	which	which	PRON
iiclr-17591	111	12	it	it	PRON
iiclr-17591	111	13	was	be	AUX
iiclr-17591	111	14	passed	pass	VERB
iiclr-17591	111	15	,	,	PUNCT
iiclr-17591	111	16	the	the	DET
iiclr-17591	111	17	civil	civil	ADJ
iiclr-17591	111	18	code	code	NOUN
iiclr-17591	111	19	is	be	AUX
iiclr-17591	111	20	a	a	DET
iiclr-17591	111	21	fairly	fairly	ADV
iiclr-17591	111	22	sophisticated	sophisticated	ADJ
iiclr-17591	111	23	product	product	NOUN
iiclr-17591	111	24	.	.	PUNCT
iiclr-17591	112	1	excellent	excellent	ADJ
iiclr-17591	112	2	scholars	scholar	NOUN
iiclr-17591	112	3	with	with	ADP
iiclr-17591	112	4	an	an	DET
iiclr-17591	112	5	extensive	extensive	ADJ
iiclr-17591	112	6	knowledge	knowledge	NOUN
iiclr-17591	112	7	of	of	ADP
iiclr-17591	112	8	comparative	comparative	ADJ
iiclr-17591	112	9	law	law	NOUN
iiclr-17591	112	10	and	and	CCONJ
iiclr-17591	112	11	of	of	ADP
iiclr-17591	112	12	the	the	DET
iiclr-17591	112	13	french	french	ADJ
iiclr-17591	112	14	and	and	CCONJ
iiclr-17591	112	15	the	the	DET
iiclr-17591	112	16	german	german	ADJ
iiclr-17591	112	17	legal	legal	ADJ
iiclr-17591	112	18	systems	system	NOUN
iiclr-17591	112	19	in	in	ADP
iiclr-17591	112	20	particular	particular	ADJ
iiclr-17591	112	21	contributed	contribute	VERB
iiclr-17591	112	22	to	to	ADP
iiclr-17591	112	23	the	the	DET
iiclr-17591	112	24	debate	debate	NOUN
iiclr-17591	112	25	over	over	ADP
iiclr-17591	112	26	the	the	DET
iiclr-17591	112	27	reform	reform	NOUN
iiclr-17591	112	28	,	,	PUNCT
iiclr-17591	112	29	a	a	DET
iiclr-17591	112	30	debate	debate	NOUN
iiclr-17591	112	31	which	which	PRON
iiclr-17591	112	32	lasted	last	VERB
iiclr-17591	112	33	several	several	ADJ
iiclr-17591	112	34	years	year	NOUN
iiclr-17591	112	35	.	.	PUNCT
iiclr-17591	113	1	enacted	enact	VERB
iiclr-17591	113	2	together	together	ADV
iiclr-17591	113	3	with	with	ADP
iiclr-17591	113	4	a	a	DET
iiclr-17591	113	5	new	new	ADJ
iiclr-17591	113	6	code	code	NOUN
iiclr-17591	113	7	of	of	ADP
iiclr-17591	113	8	civil	civil	ADJ
iiclr-17591	113	9	procedure	procedure	NOUN
iiclr-17591	113	10	,	,	PUNCT
iiclr-17591	113	11	the	the	DET
iiclr-17591	113	12	civil	civil	ADJ
iiclr-17591	113	13	code	code	NOUN
iiclr-17591	113	14	was	be	AUX
iiclr-17591	113	15	the	the	DET
iiclr-17591	113	16	result	result	NOUN
iiclr-17591	113	17	of	of	ADP
iiclr-17591	113	18	a	a	DET
iiclr-17591	113	19	merger	merger	NOUN
iiclr-17591	113	20	of	of	ADP
iiclr-17591	113	21	the	the	DET
iiclr-17591	113	22	civil	civil	ADJ
iiclr-17591	113	23	code	code	NOUN
iiclr-17591	113	24	project	project	NOUN
iiclr-17591	113	25	with	with	ADP
iiclr-17591	113	26	the	the	DET
iiclr-17591	113	27	commercial	commercial	ADJ
iiclr-17591	113	28	code	code	NOUN
iiclr-17591	113	29	project	project	NOUN
iiclr-17591	113	30	,	,	PUNCT
iiclr-17591	113	31	and	and	CCONJ
iiclr-17591	113	32	replaced	replace	VERB
iiclr-17591	113	33	both	both	CCONJ
iiclr-17591	113	34	the	the	DET
iiclr-17591	113	35	first	first	ADJ
iiclr-17591	113	36	italian	italian	ADJ
iiclr-17591	113	37	civil	civil	ADJ
iiclr-17591	113	38	code	code	NOUN
iiclr-17591	113	39	of	of	ADP
iiclr-17591	113	40	1865	1865	NUM
iiclr-17591	113	41	and	and	CCONJ
iiclr-17591	113	42	the	the	DET
iiclr-17591	113	43	second	second	ADJ
iiclr-17591	113	44	commercial	commercial	ADJ
iiclr-17591	113	45	code	code	NOUN
iiclr-17591	113	46	of	of	ADP
iiclr-17591	113	47	1882	1882	NUM
iiclr-17591	113	48	.	.	PUNCT
iiclr-17591	113	49	'	'	PUNCT
iiclr-17591	114	1	in	in	ADP
iiclr-17591	114	2	the	the	DET
iiclr-17591	114	3	merger	merger	NOUN
iiclr-17591	114	4	of	of	ADP
iiclr-17591	114	5	civil	civil	ADJ
iiclr-17591	114	6	and	and	CCONJ
iiclr-17591	114	7	commercial	commercial	ADJ
iiclr-17591	114	8	principles	principle	NOUN
iiclr-17591	114	9	,	,	PUNCT
iiclr-17591	114	10	the	the	DET
iiclr-17591	114	11	latter	latter	NOUN
iiclr-17591	114	12	generally	generally	ADV
iiclr-17591	114	13	prevailed	prevail	VERB
iiclr-17591	114	14	.	.	PUNCT
iiclr-17591	114	15	'	'	PUNCT
iiclr-17591	115	1	according	accord	VERB
iiclr-17591	115	2	to	to	ADP
iiclr-17591	115	3	the	the	DET
iiclr-17591	115	4	emphatic	emphatic	ADJ
iiclr-17591	115	5	official	official	ADJ
iiclr-17591	115	6	report	report	NOUN
iiclr-17591	115	7	of	of	ADP
iiclr-17591	115	8	the	the	DET
iiclr-17591	115	9	ministry	ministry	PROPN
iiclr-17591	115	10	of	of	ADP
iiclr-17591	115	11	justice	justice	PROPN
iiclr-17591	115	12	on	on	ADP
iiclr-17591	115	13	the	the	DET
iiclr-17591	115	14	civil	civil	ADJ
iiclr-17591	115	15	code	code	NOUN
iiclr-17591	115	16	,	,	PUNCT
iiclr-17591	115	17	the	the	DET
iiclr-17591	115	18	reform	reform	NOUN
iiclr-17591	115	19	marked	mark	VERB
iiclr-17591	115	20	the	the	DET
iiclr-17591	115	21	triumph	triumph	NOUN
iiclr-17591	115	22	of	of	ADP
iiclr-17591	115	23	the	the	DET
iiclr-17591	115	24	new	new	ADJ
iiclr-17591	115	25	principles	principle	NOUN
iiclr-17591	115	26	of	of	ADP
iiclr-17591	115	27	economic	economic	ADJ
iiclr-17591	115	28	activity	activity	NOUN
iiclr-17591	115	29	over	over	ADP
iiclr-17591	115	30	the	the	DET
iiclr-17591	115	31	old	old	ADJ
iiclr-17591	115	32	roman	roman	ADJ
iiclr-17591	115	33	structure	structure	NOUN
iiclr-17591	115	34	based	base	VERB
iiclr-17591	115	35	on	on	ADP
iiclr-17591	115	36	property	property	NOUN
iiclr-17591	115	37	rights	right	NOUN
iiclr-17591	115	38	.	.	PUNCT
iiclr-17591	116	1	the	the	DET
iiclr-17591	116	2	structure	structure	NOUN
iiclr-17591	116	3	of	of	ADP
iiclr-17591	116	4	the	the	DET
iiclr-17591	116	5	civil	civil	ADJ
iiclr-17591	116	6	code	code	NOUN
iiclr-17591	116	7	,	,	PUNCT
iiclr-17591	116	8	after	after	ADP
iiclr-17591	116	9	the	the	DET
iiclr-17591	116	10	pruning	pruning	NOUN
iiclr-17591	116	11	of	of	ADP
iiclr-17591	116	12	a	a	DET
iiclr-17591	116	13	few	few	ADJ
iiclr-17591	116	14	tributes	tribute	NOUN
iiclr-17591	116	15	to	to	ADP
iiclr-17591	116	16	the	the	DET
iiclr-17591	116	17	fascist	fascist	ADJ
iiclr-17591	116	18	regime,5	regime,5	NOUN
iiclr-17591	116	19	has	have	AUX
iiclr-17591	116	20	since	since	SCONJ
iiclr-17591	116	21	withstood	withstand	VERB
iiclr-17591	116	22	radical	radical	ADJ
iiclr-17591	116	23	changes	change	NOUN
iiclr-17591	116	24	in	in	ADP
iiclr-17591	116	25	both	both	CCONJ
iiclr-17591	116	26	the	the	DET
iiclr-17591	116	27	political	political	ADJ
iiclr-17591	116	28	and	and	CCONJ
iiclr-17591	116	29	3	3	NUM
iiclr-17591	116	30	.	.	PUNCT
iiclr-17591	117	1	in	in	ADP
iiclr-17591	117	2	1865	1865	NUM
iiclr-17591	117	3	,	,	PUNCT
iiclr-17591	117	4	five	five	NUM
iiclr-17591	117	5	years	year	NOUN
iiclr-17591	117	6	after	after	ADP
iiclr-17591	117	7	the	the	DET
iiclr-17591	117	8	reunification	reunification	NOUN
iiclr-17591	117	9	of	of	ADP
iiclr-17591	117	10	italy	italy	PROPN
iiclr-17591	117	11	,	,	PUNCT
iiclr-17591	117	12	a	a	DET
iiclr-17591	117	13	civil	civil	ADJ
iiclr-17591	117	14	code	code	NOUN
iiclr-17591	117	15	,	,	PUNCT
iiclr-17591	117	16	a	a	DET
iiclr-17591	117	17	commercial	commercial	ADJ
iiclr-17591	117	18	code	code	NOUN
iiclr-17591	117	19	,	,	PUNCT
iiclr-17591	117	20	and	and	CCONJ
iiclr-17591	117	21	a	a	DET
iiclr-17591	117	22	code	code	NOUN
iiclr-17591	117	23	of	of	ADP
iiclr-17591	117	24	civil	civil	ADJ
iiclr-17591	117	25	procedure	procedure	NOUN
iiclr-17591	117	26	were	be	AUX
iiclr-17591	117	27	enacted	enact	VERB
iiclr-17591	117	28	.	.	PUNCT
iiclr-17591	118	1	while	while	SCONJ
iiclr-17591	118	2	both	both	CCONJ
iiclr-17591	118	3	the	the	DET
iiclr-17591	118	4	civil	civil	ADJ
iiclr-17591	118	5	code	code	NOUN
iiclr-17591	118	6	and	and	CCONJ
iiclr-17591	118	7	the	the	DET
iiclr-17591	118	8	code	code	NOUN
iiclr-17591	118	9	of	of	ADP
iiclr-17591	118	10	civil	civil	ADJ
iiclr-17591	118	11	procedure	procedure	NOUN
iiclr-17591	118	12	lasted	last	VERB
iiclr-17591	118	13	until	until	ADP
iiclr-17591	118	14	1942	1942	NUM
iiclr-17591	118	15	,	,	PUNCT
iiclr-17591	118	16	the	the	DET
iiclr-17591	118	17	commercial	commercial	ADJ
iiclr-17591	118	18	code	code	NOUN
iiclr-17591	118	19	was	be	AUX
iiclr-17591	118	20	replaced	replace	VERB
iiclr-17591	118	21	in	in	ADP
iiclr-17591	118	22	1882	1882	NUM
iiclr-17591	118	23	.	.	PUNCT
iiclr-17591	119	1	4	4	X
iiclr-17591	119	2	.	.	X
iiclr-17591	119	3	this	this	DET
iiclr-17591	119	4	process	process	NOUN
iiclr-17591	119	5	has	have	AUX
iiclr-17591	119	6	been	be	AUX
iiclr-17591	119	7	called	call	VERB
iiclr-17591	119	8	"	"	PUNCT
iiclr-17591	119	9	commercialization	commercialization	NOUN
iiclr-17591	119	10	of	of	ADP
iiclr-17591	119	11	private	private	ADJ
iiclr-17591	119	12	law	law	NOUN
iiclr-17591	119	13	.	.	PUNCT
iiclr-17591	119	14	"	"	PUNCT
iiclr-17591	120	1	ferrara	ferrara	PROPN
iiclr-17591	120	2	&	&	CCONJ
iiclr-17591	120	3	corsi	corsi	PROPN
iiclr-17591	120	4	,	,	PUNCT
iiclr-17591	120	5	supra	supra	PROPN
iiclr-17591	120	6	note	note	NOUN
iiclr-17591	120	7	2	2	NUM
iiclr-17591	120	8	,	,	PUNCT
iiclr-17591	120	9	at	at	ADP
iiclr-17591	120	10	15	15	NUM
iiclr-17591	120	11	.	.	SYM
iiclr-17591	120	12	2	2	NUM
iiclr-17591	120	13	tullio	tullio	NOUN
iiclr-17591	120	14	ascarelli	ascarelli	NOUN
iiclr-17591	120	15	,	,	PUNCT
iiclr-17591	120	16	ii	ii	PROPN
iiclr-17591	120	17	dialogo	dialogo	PROPN
iiclr-17591	120	18	dell'impresa	dell'impresa	PROPN
iiclr-17591	120	19	e	e	PROPN
iiclr-17591	120	20	della	della	PROPN
iiclr-17591	120	21	societ	societ	PROPN
iiclr-17591	120	22	nella	nella	PROPN
iiclr-17591	120	23	dottrina	dottrina	PROPN
iiclr-17591	120	24	italiana	italiana	PROPN
iiclr-17591	120	25	dopo	dopo	PROPN
iiclr-17591	120	26	la	la	X
iiclr-17591	120	27	nuova	nuova	PROPN
iiclr-17591	120	28	codificazione	codificazione	PROPN
iiclr-17591	120	29	,	,	PUNCT
iiclr-17591	120	30	in	in	ADP
iiclr-17591	120	31	problemi	problemi	PROPN
iiclr-17591	120	32	giuridici	giuridici	NOUN
iiclr-17591	120	33	781	781	NUM
iiclr-17591	120	34	,	,	PUNCT
iiclr-17591	120	35	783	783	NUM
iiclr-17591	120	36	(	(	PUNCT
iiclr-17591	120	37	1959	1959	NUM
iiclr-17591	120	38	)	)	PUNCT
iiclr-17591	120	39	,	,	PUNCT
iiclr-17591	120	40	observing	observe	VERB
iiclr-17591	120	41	the	the	DET
iiclr-17591	120	42	seamlessness	seamlessness	NOUN
iiclr-17591	120	43	of	of	ADP
iiclr-17591	120	44	the	the	DET
iiclr-17591	120	45	process	process	NOUN
iiclr-17591	120	46	of	of	ADP
iiclr-17591	120	47	unification	unification	NOUN
iiclr-17591	120	48	of	of	ADP
iiclr-17591	120	49	civil	civil	ADJ
iiclr-17591	120	50	and	and	CCONJ
iiclr-17591	120	51	commercial	commercial	ADJ
iiclr-17591	120	52	law	law	NOUN
iiclr-17591	120	53	in	in	ADP
iiclr-17591	120	54	legal	legal	ADJ
iiclr-17591	120	55	practice	practice	NOUN
iiclr-17591	120	56	,	,	PUNCT
iiclr-17591	120	57	affirmed	affirm	VERB
iiclr-17591	120	58	that	that	SCONJ
iiclr-17591	120	59	"	"	PUNCT
iiclr-17591	120	60	the	the	DET
iiclr-17591	120	61	unification	unification	NOUN
iiclr-17591	120	62	of	of	ADP
iiclr-17591	120	63	civil	civil	ADJ
iiclr-17591	120	64	and	and	CCONJ
iiclr-17591	120	65	commercial	commercial	ADJ
iiclr-17591	120	66	law	law	NOUN
iiclr-17591	120	67	was	be	AUX
iiclr-17591	120	68	welcomed	welcome	VERB
iiclr-17591	120	69	..	..	PUNCT
iiclr-17591	120	70	.	.	PUNCT
iiclr-17591	121	1	as	as	ADP
iiclr-17591	121	2	a	a	DET
iiclr-17591	121	3	ripe	ripe	ADJ
iiclr-17591	121	4	and	and	CCONJ
iiclr-17591	121	5	foreseen	foreseen	ADJ
iiclr-17591	121	6	fruit	fruit	NOUN
iiclr-17591	121	7	.	.	PUNCT
iiclr-17591	121	8	"	"	PUNCT
iiclr-17591	122	1	5	5	NUM
iiclr-17591	122	2	.	.	PUNCT
iiclr-17591	123	1	the	the	DET
iiclr-17591	123	2	civil	civil	ADJ
iiclr-17591	123	3	code	code	NOUN
iiclr-17591	123	4	rested	rest	VERB
iiclr-17591	123	5	in	in	ADP
iiclr-17591	123	6	part	part	NOUN
iiclr-17591	123	7	on	on	ADP
iiclr-17591	123	8	the	the	DET
iiclr-17591	123	9	authority	authority	NOUN
iiclr-17591	123	10	of	of	ADP
iiclr-17591	123	11	the	the	DET
iiclr-17591	123	12	so	so	ADV
iiclr-17591	123	13	-	-	PUNCT
iiclr-17591	123	14	called	call	VERB
iiclr-17591	123	15	"	"	PUNCT
iiclr-17591	123	16	corporazioni	corporazioni	NOUN
iiclr-17591	123	17	"	"	PUNCT
iiclr-17591	123	18	nondemocratically	nondemocratically	ADV
iiclr-17591	123	19	elected	elect	VERB
iiclr-17591	123	20	political	political	ADJ
iiclr-17591	123	21	bodies	body	NOUN
iiclr-17591	123	22	,	,	PUNCT
iiclr-17591	123	23	entitled	entitle	VERB
iiclr-17591	123	24	to	to	PART
iiclr-17591	123	25	enact	enact	VERB
iiclr-17591	123	26	and	and	CCONJ
iiclr-17591	123	27	enforce	enforce	VERB
iiclr-17591	123	28	rules	rule	NOUN
iiclr-17591	123	29	of	of	ADP
iiclr-17591	123	30	economic	economic	ADJ
iiclr-17591	123	31	policy	policy	NOUN
iiclr-17591	123	32	subordinated	subordinate	VERB
iiclr-17591	123	33	to	to	ADP
iiclr-17591	123	34	the	the	DET
iiclr-17591	123	35	law	law	NOUN
iiclr-17591	123	36	.	.	PUNCT
iiclr-17591	124	1	see	see	VERB
iiclr-17591	124	2	widar	widar	NOUN
iiclr-17591	124	3	cesarini	cesarini	PROPN
iiclr-17591	124	4	sforza	sforza	NOUN
iiclr-17591	124	5	,	,	PUNCT
iiclr-17591	124	6	corporativismo	corporativismo	NOUN
iiclr-17591	124	7	,	,	PUNCT
iiclr-17591	124	8	in	in	ADP
iiclr-17591	124	9	10	10	NUM
iiclr-17591	124	10	enciclopedia	enciclopedia	PROPN
iiclr-17591	124	11	del	del	PROPN
iiclr-17591	124	12	diritro	diritro	PROPN
iiclr-17591	124	13	664	664	NUM
iiclr-17591	124	14	,	,	PUNCT
iiclr-17591	124	15	667	667	NUM
iiclr-17591	124	16	-	-	SYM
iiclr-17591	124	17	68	68	NUM
iiclr-17591	124	18	(	(	PUNCT
iiclr-17591	124	19	1962	1962	NUM
iiclr-17591	124	20	)	)	PUNCT
iiclr-17591	124	21	(	(	PUNCT
iiclr-17591	124	22	the	the	DET
iiclr-17591	124	23	italian	italian	NOUN
iiclr-17591	124	24	was	be	AUX
iiclr-17591	124	25	only	only	ADV
iiclr-17591	124	26	a	a	DET
iiclr-17591	124	27	nominal	nominal	ADJ
iiclr-17591	124	28	corporatism	corporatism	NOUN
iiclr-17591	124	29	,	,	PUNCT
iiclr-17591	124	30	as	as	SCONJ
iiclr-17591	124	31	it	it	PRON
iiclr-17591	124	32	came	come	VERB
iiclr-17591	124	33	authoritatively	authoritatively	ADV
iiclr-17591	124	34	from	from	ADP
iiclr-17591	124	35	the	the	DET
iiclr-17591	124	36	state	state	NOUN
iiclr-17591	124	37	;	;	PUNCT
iiclr-17591	124	38	moreover	moreover	ADV
iiclr-17591	124	39	,	,	PUNCT
iiclr-17591	124	40	"	"	PUNCT
iiclr-17591	124	41	[	[	X
iiclr-17591	124	42	t]he	t]he	ADV
iiclr-17591	124	43	myth	myth	NOUN
iiclr-17591	124	44	of	of	ADP
iiclr-17591	124	45	the	the	DET
iiclr-17591	124	46	nation	nation	NOUN
iiclr-17591	124	47	and	and	CCONJ
iiclr-17591	124	48	of	of	ADP
iiclr-17591	124	49	the	the	DET
iiclr-17591	124	50	national	national	ADJ
iiclr-17591	124	51	interest	interest	NOUN
iiclr-17591	124	52	[	[	X
iiclr-17591	124	53	have	have	AUX
iiclr-17591	124	54	]	]	VERB
iiclr-17591	124	55	proven	prove	VERB
iiclr-17591	124	56	.	.	PUNCT
iiclr-17591	124	57	.	.	PUNCT
iiclr-17591	124	58	.	.	PUNCT
iiclr-17591	125	1	to	to	PART
iiclr-17591	125	2	be	be	AUX
iiclr-17591	125	3	unable	unable	ADJ
iiclr-17591	125	4	to	to	PART
iiclr-17591	125	5	curb	curb	VERB
iiclr-17591	125	6	the	the	DET
iiclr-17591	125	7	interests	interest	NOUN
iiclr-17591	125	8	of	of	ADP
iiclr-17591	125	9	the	the	DET
iiclr-17591	125	10	strongest	strong	ADJ
iiclr-17591	125	11	classes	class	NOUN
iiclr-17591	125	12	,	,	PUNCT
iiclr-17591	125	13	composed	compose	VERB
iiclr-17591	125	14	by	by	ADP
iiclr-17591	125	15	capitalists	capitalist	NOUN
iiclr-17591	125	16	and	and	CCONJ
iiclr-17591	125	17	leaders	leader	NOUN
iiclr-17591	125	18	of	of	ADP
iiclr-17591	125	19	enterprises	enterprise	NOUN
iiclr-17591	125	20	.	.	PUNCT
iiclr-17591	126	1	"	"	PUNCT
iiclr-17591	126	2	)	)	PUNCT
iiclr-17591	126	3	;	;	PUNCT
iiclr-17591	126	4	see	see	VERB
iiclr-17591	126	5	also	also	ADV
iiclr-17591	126	6	luisa	luisa	VERB
iiclr-17591	126	7	riva	riva	NOUN
iiclr-17591	126	8	-	-	PUNCT
iiclr-17591	126	9	sanseverino	sanseverino	NOUN
iiclr-17591	126	10	,	,	PUNCT
iiclr-17591	126	11	corporazione	corporazione	PROPN
iiclr-17591	126	12	(	(	PUNCT
iiclr-17591	126	13	diritto	diritto	NOUN
iiclr-17591	126	14	corporativo	corporativo	NOUN
iiclr-17591	126	15	)	)	PUNCT
iiclr-17591	126	16	,	,	PUNCT
iiclr-17591	126	17	in	in	ADP
iiclr-17591	126	18	10	10	NUM
iiclr-17591	126	19	enca	enca	NOUN
iiclr-17591	126	20	..	..	PUNCT
iiclr-17591	126	21	opedia	opedia	PROPN
iiclr-17591	126	22	del	del	PROPN
iiclr-17591	126	23	diritfo	diritfo	VERB
iiclr-17591	126	24	679	679	NUM
iiclr-17591	126	25	(	(	PUNCT
iiclr-17591	126	26	1962	1962	NUM
iiclr-17591	126	27	)	)	PUNCT
iiclr-17591	126	28	.	.	PUNCT
iiclr-17591	127	1	the	the	DET
iiclr-17591	127	2	corporazioni	corporazioni	NOUN
iiclr-17591	127	3	were	be	AUX
iiclr-17591	127	4	abolished	abolish	VERB
iiclr-17591	127	5	and	and	CCONJ
iiclr-17591	127	6	the	the	DET
iiclr-17591	127	7	norme	norme	ADJ
iiclr-17591	127	8	corporative	corporative	PROPN
iiclr-17591	128	1	[	[	X
iiclr-17591	128	2	corporative	corporative	ADJ
iiclr-17591	128	3	rules	rule	NOUN
iiclr-17591	128	4	]	]	PUNCT
iiclr-17591	128	5	were	be	AUX
iiclr-17591	128	6	generally	generally	ADV
iiclr-17591	128	7	repealed	repeal	VERB
iiclr-17591	128	8	by	by	ADP
iiclr-17591	128	9	the	the	DET
iiclr-17591	128	10	royal	royal	ADJ
iiclr-17591	128	11	decree	decree	NOUN
iiclr-17591	128	12	of	of	ADP
iiclr-17591	128	13	aug	aug	PROPN
iiclr-17591	128	14	.	.	PROPN
iiclr-17591	128	15	9	9	NUM
iiclr-17591	128	16	,	,	PUNCT
iiclr-17591	128	17	1943	1943	NUM
iiclr-17591	128	18	,	,	PUNCT
iiclr-17591	128	19	no	no	INTJ
iiclr-17591	128	20	.	.	NOUN
iiclr-17591	128	21	721	721	NUM
iiclr-17591	128	22	,	,	PUNCT
iiclr-17591	128	23	a	a	DET
iiclr-17591	128	24	few	few	ADJ
iiclr-17591	128	25	days	day	NOUN
iiclr-17591	128	26	after	after	ADP
iiclr-17591	128	27	the	the	DET
iiclr-17591	128	28	breakdown	breakdown	NOUN
iiclr-17591	128	29	of	of	ADP
iiclr-17591	128	30	the	the	DET
iiclr-17591	128	31	fascist	fascist	ADJ
iiclr-17591	128	32	regime	regime	NOUN
iiclr-17591	128	33	and	and	CCONJ
iiclr-17591	128	34	a	a	DET
iiclr-17591	128	35	month	month	NOUN
iiclr-17591	128	36	before	before	ADP
iiclr-17591	128	37	the	the	DET
iiclr-17591	128	38	signing	signing	NOUN
iiclr-17591	128	39	of	of	ADP
iiclr-17591	128	40	the	the	DET
iiclr-17591	128	41	armistice	armistice	NOUN
iiclr-17591	128	42	with	with	ADP
iiclr-17591	128	43	the	the	DET
iiclr-17591	128	44	allies	ally	NOUN
iiclr-17591	128	45	and	and	CCONJ
iiclr-17591	128	46	by	by	ADP
iiclr-17591	128	47	decree	decree	NOUN
iiclr-17591	128	48	of	of	ADP
iiclr-17591	128	49	the	the	DET
iiclr-17591	128	50	lieutenant	lieutenant	NOUN
iiclr-17591	128	51	of	of	ADP
iiclr-17591	128	52	the	the	DET
iiclr-17591	128	53	kingdom	kingdom	NOUN
iiclr-17591	128	54	of	of	ADP
iiclr-17591	128	55	nov	nov	PROPN
iiclr-17591	128	56	.	.	PROPN
iiclr-17591	128	57	23	23	NUM
iiclr-17591	128	58	,	,	PUNCT
iiclr-17591	128	59	1944	1944	NUM
iiclr-17591	128	60	,	,	PUNCT
iiclr-17591	128	61	no	no	INTJ
iiclr-17591	128	62	.	.	NOUN
iiclr-17591	128	63	369	369	NUM
iiclr-17591	128	64	.	.	PUNCT
iiclr-17591	129	1	other	other	ADJ
iiclr-17591	129	2	minor	minor	ADJ
iiclr-17591	129	3	amendements	amendement	NOUN
iiclr-17591	129	4	(	(	PUNCT
iiclr-17591	129	5	although	although	SCONJ
iiclr-17591	129	6	important	important	ADJ
iiclr-17591	129	7	from	from	ADP
iiclr-17591	129	8	the	the	DET
iiclr-17591	129	9	civil	civil	ADJ
iiclr-17591	129	10	rights	right	NOUN
iiclr-17591	129	11	standpoint	standpoint	NOUN
iiclr-17591	129	12	)	)	PUNCT
iiclr-17591	129	13	related	relate	VERB
iiclr-17591	129	14	to	to	ADP
iiclr-17591	129	15	the	the	DET
iiclr-17591	129	16	change	change	NOUN
iiclr-17591	129	17	of	of	ADP
iiclr-17591	129	18	the	the	DET
iiclr-17591	129	19	political	political	ADJ
iiclr-17591	129	20	regime	regime	NOUN
iiclr-17591	129	21	were	be	AUX
iiclr-17591	129	22	implemented	implement	VERB
iiclr-17591	129	23	between	between	ADP
iiclr-17591	129	24	1943	1943	NUM
iiclr-17591	129	25	and	and	CCONJ
iiclr-17591	129	26	1945	1945	NUM
iiclr-17591	129	27	.	.	PUNCT
iiclr-17591	130	1	for	for	ADP
iiclr-17591	130	2	the	the	DET
iiclr-17591	130	3	influence	influence	NOUN
iiclr-17591	130	4	of	of	ADP
iiclr-17591	130	5	fascist	fascist	ADJ
iiclr-17591	130	6	ideology	ideology	NOUN
iiclr-17591	130	7	on	on	ADP
iiclr-17591	130	8	the	the	DET
iiclr-17591	130	9	civil	civil	ADJ
iiclr-17591	130	10	code	code	NOUN
iiclr-17591	130	11	,	,	PUNCT
iiclr-17591	130	12	see	see	VERB
iiclr-17591	130	13	generally	generally	ADV
iiclr-17591	130	14	paffaele	paffaele	PROPN
iiclr-17591	130	15	tti	tti	PROPN
iiclr-17591	130	16	,	,	PUNCT
iiclr-17591	130	17	codice	codice	PROPN
iiclr-17591	130	18	cmvile	cmvile	PROPN
iiclr-17591	130	19	e	e	PROPN
iiclr-17591	130	20	regime	regime	NOUN
iiclr-17591	130	21	fascista	fascista	PROPN
iiclr-17591	130	22	,	,	PUNCT
iiclr-17591	130	23	sull'unificazione	sull'unificazione	NOUN
iiclr-17591	130	24	deldirrfo	deldirrfo	ADJ
iiclr-17591	130	25	prjvato	prjvato	NOUN
iiclr-17591	130	26	(	(	PUNCT
iiclr-17591	130	27	1990	1990	NUM
iiclr-17591	130	28	)	)	PUNCT
iiclr-17591	130	29	;	;	PUNCT
iiclr-17591	130	30	on	on	ADP
iiclr-17591	130	31	the	the	DET
iiclr-17591	130	32	fascist	fascist	ADJ
iiclr-17591	130	33	notion	notion	NOUN
iiclr-17591	130	34	of	of	ADP
iiclr-17591	130	35	enterprise	enterprise	NOUN
iiclr-17591	130	36	as	as	ADP
iiclr-17591	130	37	a	a	DET
iiclr-17591	130	38	quasi	quasi	ADJ
iiclr-17591	130	39	-	-	ADJ
iiclr-17591	130	40	public	public	ADJ
iiclr-17591	130	41	community	community	NOUN
iiclr-17591	130	42	of	of	ADP
iiclr-17591	130	43	interests	interest	NOUN
iiclr-17591	130	44	,	,	PUNCT
iiclr-17591	130	45	where	where	SCONJ
iiclr-17591	130	46	the	the	DET
iiclr-17591	130	47	entrepreneur	entrepreneur	NOUN
iiclr-17591	130	48	(	(	PUNCT
iiclr-17591	130	49	or	or	CCONJ
iiclr-17591	130	50	the	the	DET
iiclr-17591	130	51	directors	director	NOUN
iiclr-17591	130	52	)	)	PUNCT
iiclr-17591	130	53	and	and	CCONJ
iiclr-17591	130	54	the	the	DET
iiclr-17591	130	55	workers	worker	NOUN
iiclr-17591	130	56	overcome	overcome	VERB
iiclr-17591	130	57	class	class	NOUN
iiclr-17591	130	58	war	war	NOUN
iiclr-17591	130	59	for	for	ADP
iiclr-17591	130	60	the	the	DET
iiclr-17591	130	61	superior	superior	ADJ
iiclr-17591	130	62	benefit	benefit	NOUN
iiclr-17591	130	63	of	of	ADP
iiclr-17591	130	64	the	the	DET
iiclr-17591	130	65	unternehmen	unternehmen	PROPN
iiclr-17591	130	66	an	an	DET
iiclr-17591	130	67	sich	sich	PROPN
iiclr-17591	130	68	(	(	PUNCT
iiclr-17591	130	69	and	and	CCONJ
iiclr-17591	130	70	of	of	ADP
iiclr-17591	130	71	the	the	DET
iiclr-17591	130	72	nation	nation	NOUN
iiclr-17591	130	73	in	in	ADP
iiclr-17591	130	74	general	general	ADJ
iiclr-17591	130	75	)	)	PUNCT
iiclr-17591	130	76	,	,	PUNCT
iiclr-17591	130	77	see	see	VERB
iiclr-17591	130	78	the	the	DET
iiclr-17591	130	79	illuminating	illuminate	VERB
iiclr-17591	130	80	pages	page	NOUN
iiclr-17591	130	81	of	of	ADP
iiclr-17591	130	82	2	2	NUM
iiclr-17591	130	83	ascarelli	ascarelli	NOUN
iiclr-17591	130	84	,	,	PUNCT
iiclr-17591	130	85	supra	supra	PROPN
iiclr-17591	130	86	note	note	NOUN
iiclr-17591	130	87	4	4	NUM
iiclr-17591	130	88	,	,	PUNCT
iiclr-17591	130	89	at	at	ADP
iiclr-17591	130	90	786	786	NUM
iiclr-17591	130	91	-	-	SYM
iiclr-17591	130	92	89	89	NUM
iiclr-17591	130	93	.	.	PUNCT
iiclr-17591	131	1	while	while	SCONJ
iiclr-17591	131	2	in	in	ADP
iiclr-17591	131	3	the	the	DET
iiclr-17591	131	4	participative	participative	ADJ
iiclr-17591	131	5	model	model	NOUN
iiclr-17591	131	6	,	,	PUNCT
iiclr-17591	131	7	the	the	DET
iiclr-17591	131	8	composition	composition	NOUN
iiclr-17591	131	9	of	of	ADP
iiclr-17591	131	10	the	the	DET
iiclr-17591	131	11	various	various	ADJ
iiclr-17591	131	12	interests	interest	NOUN
iiclr-17591	131	13	is	be	AUX
iiclr-17591	131	14	internalized	internalize	VERB
iiclr-17591	131	15	in	in	ADP
iiclr-17591	131	16	the	the	DET
iiclr-17591	131	17	board	board	NOUN
iiclr-17591	131	18	of	of	ADP
iiclr-17591	131	19	directors	director	NOUN
iiclr-17591	131	20	,	,	PUNCT
iiclr-17591	131	21	in	in	ADP
iiclr-17591	131	22	the	the	DET
iiclr-17591	131	23	corporative	corporative	ADJ
iiclr-17591	131	24	model	model	NOUN
iiclr-17591	131	25	,	,	PUNCT
iiclr-17591	131	26	as	as	SCONJ
iiclr-17591	131	27	interpreted	interpret	VERB
iiclr-17591	131	28	by	by	ADP
iiclr-17591	131	29	the	the	DET
iiclr-17591	131	30	fascist	fascist	ADJ
iiclr-17591	131	31	regime	regime	NOUN
iiclr-17591	131	32	,	,	PUNCT
iiclr-17591	131	33	such	such	ADJ
iiclr-17591	131	34	composition	composition	NOUN
iiclr-17591	131	35	was	be	AUX
iiclr-17591	131	36	to	to	PART
iiclr-17591	131	37	be	be	AUX
iiclr-17591	131	38	achieved	achieve	VERB
iiclr-17591	131	39	by	by	ADP
iiclr-17591	131	40	the	the	DET
iiclr-17591	131	41	action	action	NOUN
iiclr-17591	131	42	of	of	ADP
iiclr-17591	131	43	the	the	DET
iiclr-17591	131	44	entrepreneur	entrepreneur	NOUN
iiclr-17591	131	45	(	(	PUNCT
iiclr-17591	131	46	or	or	CCONJ
iiclr-17591	131	47	of	of	ADP
iiclr-17591	131	48	the	the	DET
iiclr-17591	131	49	board	board	NOUN
iiclr-17591	131	50	of	of	ADP
iiclr-17591	131	51	directors	director	NOUN
iiclr-17591	131	52	,	,	PUNCT
iiclr-17591	131	53	formed	form	VERB
iiclr-17591	131	54	by	by	ADP
iiclr-17591	131	55	his	his	PRON
iiclr-17591	131	56	representatives	representative	NOUN
iiclr-17591	131	57	alone	alone	ADV
iiclr-17591	131	58	)	)	PUNCT
iiclr-17591	131	59	,	,	PUNCT
iiclr-17591	131	60	who	who	PRON
iiclr-17591	131	61	supposedly	supposedly	ADV
iiclr-17591	131	62	acted	act	VERB
iiclr-17591	131	63	in	in	ADP
iiclr-17591	131	64	the	the	DET
iiclr-17591	131	65	general	general	ADJ
iiclr-17591	131	66	interest	interest	NOUN
iiclr-17591	131	67	(	(	PUNCT
iiclr-17591	131	68	see	see	AUX
iiclr-17591	131	69	generally	generally	ADV
iiclr-17591	131	70	disiano	disiano	VERB
iiclr-17591	131	71	prerm	prerm	NOUN
iiclr-17591	131	72	,	,	PUNCT
iiclr-17591	131	73	l	l	NOUN
iiclr-17591	131	74	'	'	PUNCT
iiclr-17591	131	75	"	"	PUNCT
iiclr-17591	131	76	abuso	abuso	NOUN
iiclr-17591	131	77	"	"	PUNCT
iiclr-17591	131	78	dei	dei	NOUN
iiclr-17591	131	79	a	a	DET
iiclr-17591	131	80	regola	regola	PROPN
iiclr-17591	131	81	di	di	PROPN
iiclr-17591	131	82	maggioranza	maggioranza	PROPN
iiclr-17591	131	83	nelle	nelle	PROPN
iiclr-17591	131	84	deliberazioni	deliberazioni	PROPN
iiclr-17591	131	85	assembleari	assembleari	PROPN
iiclr-17591	131	86	delle	delle	PROPN
iiclr-17591	131	87	societa	societa	PROPN
iiclr-17591	131	88	per	per	ADP
iiclr-17591	131	89	azioni	azioni	PROPN
iiclr-17591	131	90	195	195	NUM
iiclr-17591	131	91	&	&	CCONJ
iiclr-17591	131	92	n.	n.	PROPN
iiclr-17591	131	93	62	62	NUM
iiclr-17591	131	94	(	(	PUNCT
iiclr-17591	131	95	1992	1992	NUM
iiclr-17591	131	96	)	)	PUNCT
iiclr-17591	131	97	)	)	PUNCT
iiclr-17591	131	98	.	.	PUNCT
iiclr-17591	132	1	1995	1995	NUM
iiclr-17591	132	2	]	]	X
iiclr-17591	132	3	ind	ind	NOUN
iiclr-17591	132	4	.	.	PUNCT
iiclr-17591	133	1	int'l	int'l	PROPN
iiclr-17591	133	2	&	&	CCONJ
iiclr-17591	133	3	comp	comp	PROPN
iiclr-17591	133	4	.	.	PUNCT
iiclr-17591	134	1	l	l	PROPN
iiclr-17591	134	2	rev	rev	PROPN
iiclr-17591	134	3	.	.	PUNCT
iiclr-17591	135	1	economic	economic	ADJ
iiclr-17591	135	2	situations	situation	NOUN
iiclr-17591	135	3	.	.	PUNCT
iiclr-17591	136	1	the	the	DET
iiclr-17591	136	2	enactment	enactment	NOUN
iiclr-17591	136	3	of	of	ADP
iiclr-17591	136	4	the	the	DET
iiclr-17591	136	5	new	new	ADJ
iiclr-17591	136	6	constitution	constitution	NOUN
iiclr-17591	136	7	in	in	ADP
iiclr-17591	136	8	1948	1948	NUM
iiclr-17591	136	9	,	,	PUNCT
iiclr-17591	136	10	resting	rest	VERB
iiclr-17591	136	11	on	on	ADP
iiclr-17591	136	12	radically	radically	ADV
iiclr-17591	136	13	different	different	ADJ
iiclr-17591	136	14	principles	principle	NOUN
iiclr-17591	136	15	,	,	PUNCT
iiclr-17591	136	16	has	have	AUX
iiclr-17591	136	17	led	lead	VERB
iiclr-17591	136	18	to	to	ADP
iiclr-17591	136	19	some	some	DET
iiclr-17591	136	20	partial	partial	ADJ
iiclr-17591	136	21	reforms	reform	NOUN
iiclr-17591	136	22	6	6	NUM
iiclr-17591	136	23	and	and	CCONJ
iiclr-17591	136	24	to	to	ADP
iiclr-17591	136	25	a	a	DET
iiclr-17591	136	26	few	few	ADJ
iiclr-17591	136	27	interventions	intervention	NOUN
iiclr-17591	136	28	by	by	ADP
iiclr-17591	136	29	the	the	DET
iiclr-17591	136	30	constitutional	constitutional	ADJ
iiclr-17591	136	31	court	court	NOUN
iiclr-17591	136	32	,	,	PUNCT
iiclr-17591	136	33	but	but	CCONJ
iiclr-17591	136	34	has	have	AUX
iiclr-17591	136	35	not	not	PART
iiclr-17591	136	36	created	create	VERB
iiclr-17591	136	37	the	the	DET
iiclr-17591	136	38	need	need	NOUN
iiclr-17591	136	39	for	for	ADP
iiclr-17591	136	40	a	a	DET
iiclr-17591	136	41	complete	complete	ADJ
iiclr-17591	136	42	revision	revision	NOUN
iiclr-17591	136	43	of	of	ADP
iiclr-17591	136	44	the	the	DET
iiclr-17591	136	45	civil	civil	ADJ
iiclr-17591	136	46	code	code	NOUN
iiclr-17591	136	47	.	.	PUNCT
iiclr-17591	137	1	some	some	PRON
iiclr-17591	137	2	of	of	ADP
iiclr-17591	137	3	its	its	PRON
iiclr-17591	137	4	provisions	provision	NOUN
iiclr-17591	137	5	,	,	PUNCT
iiclr-17591	137	6	moreover	moreover	ADV
iiclr-17591	137	7	,	,	PUNCT
iiclr-17591	137	8	have	have	AUX
iiclr-17591	137	9	given	give	VERB
iiclr-17591	137	10	the	the	DET
iiclr-17591	137	11	courts	court	NOUN
iiclr-17591	137	12	an	an	DET
iiclr-17591	137	13	exceptionally	exceptionally	ADV
iiclr-17591	137	14	wide	wide	ADJ
iiclr-17591	137	15	latitude	latitude	NOUN
iiclr-17591	137	16	in	in	ADP
iiclr-17591	137	17	adapting	adapt	VERB
iiclr-17591	137	18	apparently	apparently	ADV
iiclr-17591	137	19	unchangeable	unchangeable	ADJ
iiclr-17591	137	20	rules	rule	NOUN
iiclr-17591	137	21	to	to	ADP
iiclr-17591	137	22	changing	change	VERB
iiclr-17591	137	23	times.7	times.7	NOUN
iiclr-17591	137	24	the	the	DET
iiclr-17591	137	25	civil	civil	ADJ
iiclr-17591	137	26	code	code	NOUN
iiclr-17591	137	27	of	of	ADP
iiclr-17591	137	28	1942	1942	NUM
iiclr-17591	137	29	is	be	AUX
iiclr-17591	137	30	the	the	DET
iiclr-17591	137	31	principal	principal	ADJ
iiclr-17591	137	32	source	source	NOUN
iiclr-17591	137	33	of	of	ADP
iiclr-17591	137	34	italian	italian	ADJ
iiclr-17591	137	35	private	private	ADJ
iiclr-17591	137	36	law	law	NOUN
iiclr-17591	137	37	,	,	PUNCT
iiclr-17591	137	38	and	and	CCONJ
iiclr-17591	137	39	it	it	PRON
iiclr-17591	137	40	is	be	AUX
iiclr-17591	137	41	likely	likely	ADJ
iiclr-17591	137	42	that	that	SCONJ
iiclr-17591	137	43	this	this	PRON
iiclr-17591	137	44	will	will	AUX
iiclr-17591	137	45	continue	continue	VERB
iiclr-17591	137	46	for	for	ADP
iiclr-17591	137	47	many	many	ADJ
iiclr-17591	137	48	years	year	NOUN
iiclr-17591	137	49	to	to	PART
iiclr-17591	137	50	come	come	VERB
iiclr-17591	137	51	.	.	PUNCT
iiclr-17591	138	1	some	some	DET
iiclr-17591	138	2	laws	law	NOUN
iiclr-17591	138	3	dealing	deal	VERB
iiclr-17591	138	4	with	with	ADP
iiclr-17591	138	5	special	special	ADJ
iiclr-17591	138	6	aspects	aspect	NOUN
iiclr-17591	138	7	of	of	ADP
iiclr-17591	138	8	private	private	ADJ
iiclr-17591	138	9	law	law	NOUN
iiclr-17591	138	10	(	(	PUNCT
iiclr-17591	138	11	e.g.	e.g.	ADV
iiclr-17591	138	12	,	,	PUNCT
iiclr-17591	138	13	adoption	adoption	NOUN
iiclr-17591	138	14	,	,	PUNCT
iiclr-17591	138	15	consumer	consumer	NOUN
iiclr-17591	138	16	protection	protection	NOUN
iiclr-17591	138	17	,	,	PUNCT
iiclr-17591	138	18	and	and	CCONJ
iiclr-17591	138	19	labor	labor	NOUN
iiclr-17591	138	20	law	law	NOUN
iiclr-17591	138	21	)	)	PUNCT
iiclr-17591	138	22	have	have	AUX
iiclr-17591	138	23	been	be	AUX
iiclr-17591	138	24	enacted	enact	VERB
iiclr-17591	138	25	,	,	PUNCT
iiclr-17591	138	26	but	but	CCONJ
iiclr-17591	138	27	,	,	PUNCT
iiclr-17591	138	28	unlike	unlike	ADP
iiclr-17591	138	29	what	what	PRON
iiclr-17591	138	30	has	have	AUX
iiclr-17591	138	31	happened	happen	VERB
iiclr-17591	138	32	concerning	concern	VERB
iiclr-17591	138	33	other	other	ADJ
iiclr-17591	138	34	major	major	ADJ
iiclr-17591	138	35	pieces	piece	NOUN
iiclr-17591	138	36	of	of	ADP
iiclr-17591	138	37	fascist	fascist	ADJ
iiclr-17591	138	38	legislation	legislation	NOUN
iiclr-17591	138	39	,	,	PUNCT
iiclr-17591	138	40	the	the	DET
iiclr-17591	138	41	need	need	NOUN
iiclr-17591	138	42	for	for	ADP
iiclr-17591	138	43	a	a	DET
iiclr-17591	138	44	general	general	ADJ
iiclr-17591	138	45	reform	reform	NOUN
iiclr-17591	138	46	of	of	ADP
iiclr-17591	138	47	the	the	DET
iiclr-17591	138	48	civil	civil	ADJ
iiclr-17591	138	49	code	code	NOUN
iiclr-17591	138	50	is	be	AUX
iiclr-17591	138	51	not	not	PART
iiclr-17591	138	52	perceived	perceive	VERB
iiclr-17591	138	53	.	.	PUNCT
iiclr-17591	138	54	'	'	PUNCT
iiclr-17591	138	55	b.	b.	PROPN
iiclr-17591	139	1	the	the	DET
iiclr-17591	139	2	legal	legal	ADJ
iiclr-17591	139	3	sources	source	NOUN
iiclr-17591	139	4	of	of	ADP
iiclr-17591	139	5	italian	italian	ADJ
iiclr-17591	139	6	corporate	corporate	ADJ
iiclr-17591	139	7	law	law	NOUN
iiclr-17591	139	8	.	.	PUNCT
iiclr-17591	140	1	the	the	DET
iiclr-17591	140	2	different	different	ADJ
iiclr-17591	140	3	role	role	NOUN
iiclr-17591	140	4	of	of	ADP
iiclr-17591	140	5	the	the	DET
iiclr-17591	140	6	civil	civil	ADJ
iiclr-17591	140	7	code	code	NOUN
iiclr-17591	140	8	and	and	CCONJ
iiclr-17591	140	9	the	the	DET
iiclr-17591	140	10	relevance	relevance	NOUN
iiclr-17591	140	11	of	of	ADP
iiclr-17591	140	12	special	special	ADJ
iiclr-17591	140	13	laws	law	NOUN
iiclr-17591	140	14	.	.	PUNCT
iiclr-17591	141	1	the	the	DET
iiclr-17591	141	2	story	story	NOUN
iiclr-17591	141	3	regarding	regard	VERB
iiclr-17591	141	4	the	the	DET
iiclr-17591	141	5	part	part	NOUN
iiclr-17591	141	6	of	of	ADP
iiclr-17591	141	7	the	the	DET
iiclr-17591	141	8	civil	civil	ADJ
iiclr-17591	141	9	code	code	NOUN
iiclr-17591	141	10	that	that	PRON
iiclr-17591	141	11	deals	deal	VERB
iiclr-17591	141	12	with	with	ADP
iiclr-17591	141	13	business	business	NOUN
iiclr-17591	141	14	organization	organization	NOUN
iiclr-17591	141	15	has	have	AUX
iiclr-17591	141	16	been	be	AUX
iiclr-17591	141	17	less	less	ADV
iiclr-17591	141	18	static	static	ADJ
iiclr-17591	141	19	and	and	CCONJ
iiclr-17591	141	20	is	be	AUX
iiclr-17591	141	21	somewhat	somewhat	ADV
iiclr-17591	141	22	peculiar	peculiar	ADJ
iiclr-17591	141	23	.	.	PUNCT
iiclr-17591	142	1	business	business	NOUN
iiclr-17591	142	2	organization	organization	NOUN
iiclr-17591	142	3	law	law	NOUN
iiclr-17591	142	4	is	be	AUX
iiclr-17591	142	5	contained	contain	VERB
iiclr-17591	142	6	in	in	ADP
iiclr-17591	142	7	articles	article	NOUN
iiclr-17591	142	8	2060	2060	NUM
iiclr-17591	142	9	to	to	ADP
iiclr-17591	142	10	2642	2642	NUM
iiclr-17591	142	11	of	of	ADP
iiclr-17591	142	12	the	the	DET
iiclr-17591	142	13	civil	civil	ADJ
iiclr-17591	142	14	code.9	code.9	NOUN
iiclr-17591	142	15	articles	article	NOUN
iiclr-17591	142	16	2325	2325	NUM
iiclr-17591	142	17	to	to	ADP
iiclr-17591	142	18	2497	2497	NUM
iiclr-17591	142	19	-	-	PUNCT
iiclr-17591	142	20	bis	bis	NOUN
iiclr-17591	142	21	of	of	ADP
iiclr-17591	142	22	the	the	DET
iiclr-17591	142	23	civil	civil	ADJ
iiclr-17591	142	24	code	code	NOUN
iiclr-17591	142	25	deal	deal	NOUN
iiclr-17591	142	26	specifically	specifically	ADV
iiclr-17591	142	27	with	with	ADP
iiclr-17591	142	28	the	the	DET
iiclr-17591	142	29	three	three	NUM
iiclr-17591	142	30	possible	possible	ADJ
iiclr-17591	142	31	forms	form	NOUN
iiclr-17591	142	32	of	of	ADP
iiclr-17591	142	33	corporations	corporation	NOUN
iiclr-17591	142	34	:	:	PUNCT
iiclr-17591	142	35	the	the	DET
iiclr-17591	142	36	societa	societa	NOUN
iiclr-17591	142	37	per	per	ADP
iiclr-17591	142	38	azioni	azioni	X
iiclr-17591	142	39	[	[	X
iiclr-17591	142	40	stock	stock	NOUN
iiclr-17591	142	41	company	company	NOUN
iiclr-17591	142	42	]	]	PUNCT
iiclr-17591	142	43	,	,	PUNCT
iiclr-17591	142	44	the	the	DET
iiclr-17591	142	45	societa	societa	NOUN
iiclr-17591	142	46	in	in	ADP
iiclr-17591	142	47	accomandita	accomandita	NOUN
iiclr-17591	142	48	per	per	ADP
iiclr-17591	142	49	azioni	azioni	X
iiclr-17591	142	50	[	[	X
iiclr-17591	142	51	stock	stock	NOUN
iiclr-17591	142	52	company	company	NOUN
iiclr-17591	142	53	with	with	ADP
iiclr-17591	142	54	personally	personally	ADV
iiclr-17591	142	55	liable	liable	ADJ
iiclr-17591	142	56	directors	director	NOUN
iiclr-17591	142	57	]	]	PUNCT
iiclr-17591	142	58	,	,	PUNCT
iiclr-17591	142	59	and	and	CCONJ
iiclr-17591	142	60	the	the	DET
iiclr-17591	142	61	societ	societ	PROPN
iiclr-17591	142	62	&	&	CCONJ
iiclr-17591	142	63	a	a	DET
iiclr-17591	142	64	responsabilita	responsabilita	PROPN
iiclr-17591	142	65	limitata	limitata	PROPN
iiclr-17591	142	66	[	[	X
iiclr-17591	142	67	limited	limited	ADJ
iiclr-17591	142	68	liability	liability	NOUN
iiclr-17591	142	69	company	company	NOUN
iiclr-17591	142	70	]	]	PUNCT
iiclr-17591	142	71	.	.	PUNCT
iiclr-17591	143	1	the	the	DET
iiclr-17591	143	2	legislative	legislative	ADJ
iiclr-17591	143	3	model	model	NOUN
iiclr-17591	143	4	is	be	AUX
iiclr-17591	143	5	the	the	DET
iiclr-17591	143	6	societo	societo	NOUN
iiclr-17591	143	7	per	per	ADP
iiclr-17591	143	8	azioni	azioni	PROPN
iiclr-17591	143	9	:	:	PUNCT
iiclr-17591	143	10	the	the	DET
iiclr-17591	143	11	rules	rule	NOUN
iiclr-17591	143	12	of	of	ADP
iiclr-17591	143	13	the	the	DET
iiclr-17591	143	14	societli	societli	NOUN
iiclr-17591	143	15	in	in	ADP
iiclr-17591	143	16	6	6	NUM
iiclr-17591	143	17	.	.	PUNCT
iiclr-17591	144	1	the	the	DET
iiclr-17591	144	2	family	family	NOUN
iiclr-17591	144	3	law	law	NOUN
iiclr-17591	144	4	section	section	NOUN
iiclr-17591	144	5	of	of	ADP
iiclr-17591	144	6	the	the	DET
iiclr-17591	144	7	civil	civil	ADJ
iiclr-17591	144	8	code	code	NOUN
iiclr-17591	144	9	arts	art	NOUN
iiclr-17591	144	10	.	.	PUNCT
iiclr-17591	145	1	79	79	NUM
iiclr-17591	145	2	to	to	ADP
iiclr-17591	145	3	455	455	NUM
iiclr-17591	145	4	,	,	PUNCT
iiclr-17591	145	5	for	for	ADP
iiclr-17591	145	6	example	example	NOUN
iiclr-17591	145	7	,	,	PUNCT
iiclr-17591	145	8	was	be	AUX
iiclr-17591	145	9	extensively	extensively	ADV
iiclr-17591	145	10	amended	amend	VERB
iiclr-17591	145	11	by	by	ADP
iiclr-17591	145	12	the	the	DET
iiclr-17591	145	13	law	law	NOUN
iiclr-17591	145	14	of	of	ADP
iiclr-17591	145	15	may	may	PROPN
iiclr-17591	145	16	19	19	NUM
iiclr-17591	145	17	,	,	PUNCT
iiclr-17591	145	18	1975	1975	NUM
iiclr-17591	145	19	,	,	PUNCT
iiclr-17591	145	20	no	no	INTJ
iiclr-17591	145	21	.	.	NOUN
iiclr-17591	145	22	151	151	NUM
iiclr-17591	145	23	.	.	X
iiclr-17591	146	1	7	7	NUM
iiclr-17591	146	2	.	.	X
iiclr-17591	146	3	two	two	NUM
iiclr-17591	146	4	significant	significant	ADJ
iiclr-17591	146	5	examples	example	NOUN
iiclr-17591	146	6	of	of	ADP
iiclr-17591	146	7	adaptation	adaptation	NOUN
iiclr-17591	146	8	of	of	ADP
iiclr-17591	146	9	the	the	DET
iiclr-17591	146	10	law	law	NOUN
iiclr-17591	146	11	by	by	ADP
iiclr-17591	146	12	means	mean	NOUN
iiclr-17591	146	13	of	of	ADP
iiclr-17591	146	14	case	case	NOUN
iiclr-17591	146	15	law	law	NOUN
iiclr-17591	146	16	are	be	AUX
iiclr-17591	146	17	civil	civil	ADJ
iiclr-17591	146	18	code	code	NOUN
iiclr-17591	146	19	arts	art	NOUN
iiclr-17591	146	20	.	.	PUNCT
iiclr-17591	147	1	1375	1375	NUM
iiclr-17591	147	2	and	and	CCONJ
iiclr-17591	147	3	2043	2043	NUM
iiclr-17591	147	4	.	.	PUNCT
iiclr-17591	148	1	the	the	DET
iiclr-17591	148	2	former	former	ADJ
iiclr-17591	148	3	,	,	PUNCT
iiclr-17591	148	4	which	which	PRON
iiclr-17591	148	5	prescribes	prescribe	VERB
iiclr-17591	148	6	a	a	DET
iiclr-17591	148	7	bona	bona	ADJ
iiclr-17591	148	8	fide	fide	ADJ
iiclr-17591	148	9	execution	execution	NOUN
iiclr-17591	148	10	of	of	ADP
iiclr-17591	148	11	the	the	DET
iiclr-17591	148	12	contract	contract	NOUN
iiclr-17591	148	13	by	by	ADP
iiclr-17591	148	14	the	the	DET
iiclr-17591	148	15	parties	party	NOUN
iiclr-17591	148	16	,	,	PUNCT
iiclr-17591	148	17	was	be	AUX
iiclr-17591	148	18	long	long	ADV
iiclr-17591	148	19	considered	consider	VERB
iiclr-17591	148	20	nothing	nothing	PRON
iiclr-17591	148	21	more	more	ADJ
iiclr-17591	148	22	than	than	ADP
iiclr-17591	148	23	a	a	DET
iiclr-17591	148	24	formula	formula	NOUN
iiclr-17591	148	25	without	without	ADP
iiclr-17591	148	26	any	any	DET
iiclr-17591	148	27	binding	binding	ADJ
iiclr-17591	148	28	significance	significance	NOUN
iiclr-17591	148	29	and	and	CCONJ
iiclr-17591	148	30	is	be	AUX
iiclr-17591	148	31	now	now	ADV
iiclr-17591	148	32	being	be	AUX
iiclr-17591	148	33	reevaluated	reevaluate	VERB
iiclr-17591	148	34	by	by	ADP
iiclr-17591	148	35	the	the	DET
iiclr-17591	148	36	courts	court	NOUN
iiclr-17591	148	37	.	.	PUNCT
iiclr-17591	149	1	the	the	DET
iiclr-17591	149	2	latter	latter	ADJ
iiclr-17591	149	3	,	,	PUNCT
iiclr-17591	149	4	which	which	PRON
iiclr-17591	149	5	is	be	AUX
iiclr-17591	149	6	a	a	DET
iiclr-17591	149	7	general	general	ADJ
iiclr-17591	149	8	provision	provision	NOUN
iiclr-17591	149	9	on	on	ADP
iiclr-17591	149	10	torts	torts	PROPN
iiclr-17591	149	11	,	,	PUNCT
iiclr-17591	149	12	was	be	AUX
iiclr-17591	149	13	frst	frst	PROPN
iiclr-17591	149	14	interpreted	interpret	VERB
iiclr-17591	149	15	as	as	ADP
iiclr-17591	149	16	including	include	VERB
iiclr-17591	149	17	only	only	ADJ
iiclr-17591	149	18	damages	damage	NOUN
iiclr-17591	149	19	to	to	ADP
iiclr-17591	149	20	the	the	DET
iiclr-17591	149	21	body	body	NOUN
iiclr-17591	149	22	and	and	CCONJ
iiclr-17591	149	23	to	to	ADP
iiclr-17591	149	24	property	property	NOUN
iiclr-17591	149	25	and	and	CCONJ
iiclr-17591	149	26	now	now	ADV
iiclr-17591	149	27	is	be	AUX
iiclr-17591	149	28	used	use	VERB
iiclr-17591	149	29	to	to	PART
iiclr-17591	149	30	grant	grant	VERB
iiclr-17591	149	31	recovery	recovery	NOUN
iiclr-17591	149	32	for	for	ADP
iiclr-17591	149	33	any	any	DET
iiclr-17591	149	34	kind	kind	NOUN
iiclr-17591	149	35	of	of	ADP
iiclr-17591	149	36	tort	tort	NOUN
iiclr-17591	149	37	.	.	PUNCT
iiclr-17591	150	1	for	for	ADP
iiclr-17591	150	2	an	an	DET
iiclr-17591	150	3	excellent	excellent	ADJ
iiclr-17591	150	4	assessment	assessment	NOUN
iiclr-17591	150	5	of	of	ADP
iiclr-17591	150	6	the	the	DET
iiclr-17591	150	7	role	role	NOUN
iiclr-17591	150	8	of	of	ADP
iiclr-17591	150	9	so	so	ADV
iiclr-17591	150	10	-	-	PUNCT
iiclr-17591	150	11	called	call	VERB
iiclr-17591	150	12	"	"	PUNCT
iiclr-17591	150	13	general	general	ADJ
iiclr-17591	150	14	clauses	clause	NOUN
iiclr-17591	150	15	,	,	PUNCT
iiclr-17591	150	16	"	"	PUNCT
iiclr-17591	150	17	see	see	VERB
iiclr-17591	150	18	lina	lina	PROPN
iiclr-17591	150	19	b	b	PROPN
iiclr-17591	150	20	igliazzi	igliazzi	PROPN
iiclr-17591	150	21	geri	geri	PROPN
iiclr-17591	150	22	et	et	PROPN
iiclr-17591	150	23	al	al	PROPN
iiclr-17591	150	24	.	.	PROPN
iiclr-17591	150	25	,	,	PUNCT
iiclr-17591	150	26	i	i	PRON
iiclr-17591	150	27	dirrrro	dirrrro	VERB
iiclr-17591	150	28	civile	civile	NOUN
iiclr-17591	150	29	19	19	NUM
iiclr-17591	150	30	(	(	PUNCT
iiclr-17591	150	31	1987	1987	NUM
iiclr-17591	150	32	)	)	PUNCT
iiclr-17591	150	33	;	;	PUNCT
iiclr-17591	150	34	on	on	ADP
iiclr-17591	150	35	the	the	DET
iiclr-17591	150	36	evolution	evolution	NOUN
iiclr-17591	150	37	of	of	ADP
iiclr-17591	150	38	art	art	NOUN
iiclr-17591	150	39	.	.	PUNCT
iiclr-17591	151	1	2043	2043	NUM
iiclr-17591	151	2	,	,	PUNCT
iiclr-17591	151	3	see	see	VERB
iiclr-17591	151	4	lina	lina	PROPN
iiclr-17591	151	5	bigliazzi	bigliazzi	PROPN
iiclr-17591	151	6	geri	geri	PROPN
iiclr-17591	151	7	f-7	f-7	PROPN
iiclr-17591	151	8	al	al	PROPN
iiclr-17591	151	9	.	.	PROPN
iiclr-17591	151	10	,	,	PUNCT
iiclr-17591	151	11	3	3	NUM
iiclr-17591	151	12	dlrrrro	dlrrrro	NOUN
iiclr-17591	151	13	avule	avule	NOUN
iiclr-17591	151	14	671	671	NUM
iiclr-17591	151	15	-	-	SYM
iiclr-17591	151	16	93	93	NUM
iiclr-17591	151	17	(	(	PUNCT
iiclr-17591	151	18	1992	1992	NUM
iiclr-17591	151	19	)	)	PUNCT
iiclr-17591	151	20	.	.	PUNCT
iiclr-17591	152	1	8	8	X
iiclr-17591	152	2	.	.	PUNCT
iiclr-17591	153	1	it	it	PRON
iiclr-17591	153	2	seems	seem	VERB
iiclr-17591	153	3	fair	fair	ADJ
iiclr-17591	153	4	to	to	PART
iiclr-17591	153	5	say	say	VERB
iiclr-17591	153	6	that	that	PRON
iiclr-17591	153	7	of	of	ADP
iiclr-17591	153	8	the	the	DET
iiclr-17591	153	9	four	four	NUM
iiclr-17591	153	10	major	major	ADJ
iiclr-17591	153	11	pieces	piece	NOUN
iiclr-17591	153	12	of	of	ADP
iiclr-17591	153	13	italian	italian	ADJ
iiclr-17591	153	14	legislation	legislation	NOUN
iiclr-17591	153	15	originating	originate	VERB
iiclr-17591	153	16	in	in	ADP
iiclr-17591	153	17	the	the	DET
iiclr-17591	153	18	fascist	fascist	ADJ
iiclr-17591	153	19	era	era	NOUN
iiclr-17591	153	20	(	(	PUNCT
iiclr-17591	153	21	civil	civil	ADJ
iiclr-17591	153	22	code	code	NOUN
iiclr-17591	153	23	,	,	PUNCT
iiclr-17591	153	24	code	code	NOUN
iiclr-17591	153	25	of	of	ADP
iiclr-17591	153	26	civil	civil	ADJ
iiclr-17591	153	27	procedure	procedure	NOUN
iiclr-17591	153	28	,	,	PUNCT
iiclr-17591	153	29	criminal	criminal	ADJ
iiclr-17591	153	30	code	code	NOUN
iiclr-17591	153	31	,	,	PUNCT
iiclr-17591	153	32	and	and	CCONJ
iiclr-17591	153	33	code	code	NOUN
iiclr-17591	153	34	of	of	ADP
iiclr-17591	153	35	criminal	criminal	ADJ
iiclr-17591	153	36	procedure	procedure	NOUN
iiclr-17591	153	37	)	)	PUNCT
iiclr-17591	153	38	,	,	PUNCT
iiclr-17591	153	39	the	the	DET
iiclr-17591	153	40	civil	civil	ADJ
iiclr-17591	153	41	code	code	NOUN
iiclr-17591	153	42	is	be	AUX
iiclr-17591	153	43	considered	consider	VERB
iiclr-17591	153	44	the	the	DET
iiclr-17591	153	45	most	most	ADV
iiclr-17591	153	46	satisfactory	satisfactory	ADJ
iiclr-17591	153	47	.	.	PUNCT
iiclr-17591	154	1	the	the	DET
iiclr-17591	154	2	code	code	NOUN
iiclr-17591	154	3	of	of	ADP
iiclr-17591	154	4	civil	civil	ADJ
iiclr-17591	154	5	procedure	procedure	NOUN
iiclr-17591	154	6	is	be	AUX
iiclr-17591	154	7	currently	currently	ADV
iiclr-17591	154	8	in	in	ADP
iiclr-17591	154	9	legislative	legislative	ADJ
iiclr-17591	154	10	trouble	trouble	NOUN
iiclr-17591	154	11	,	,	PUNCT
iiclr-17591	154	12	and	and	CCONJ
iiclr-17591	154	13	a	a	DET
iiclr-17591	154	14	reform	reform	NOUN
iiclr-17591	154	15	,	,	PUNCT
iiclr-17591	154	16	extensive	extensive	ADJ
iiclr-17591	154	17	as	as	ADV
iiclr-17591	154	18	well	well	ADV
iiclr-17591	154	19	as	as	ADP
iiclr-17591	154	20	controversial	controversial	ADJ
iiclr-17591	154	21	,	,	PUNCT
iiclr-17591	154	22	has	have	AUX
iiclr-17591	154	23	come	come	VERB
iiclr-17591	154	24	into	into	ADP
iiclr-17591	154	25	force	force	NOUN
iiclr-17591	154	26	in	in	ADP
iiclr-17591	154	27	may	may	PROPN
iiclr-17591	154	28	1995	1995	NUM
iiclr-17591	154	29	.	.	PUNCT
iiclr-17591	155	1	the	the	DET
iiclr-17591	155	2	debate	debate	NOUN
iiclr-17591	155	3	over	over	ADP
iiclr-17591	155	4	the	the	DET
iiclr-17591	155	5	reform	reform	NOUN
iiclr-17591	155	6	of	of	ADP
iiclr-17591	155	7	the	the	DET
iiclr-17591	155	8	criminal	criminal	ADJ
iiclr-17591	155	9	code	code	NOUN
iiclr-17591	155	10	has	have	AUX
iiclr-17591	155	11	led	lead	VERB
iiclr-17591	155	12	to	to	ADP
iiclr-17591	155	13	a	a	DET
iiclr-17591	155	14	complete	complete	NOUN
iiclr-17591	155	15	projectprepared	projectprepare	VERB
iiclr-17591	155	16	by	by	ADP
iiclr-17591	155	17	a	a	DET
iiclr-17591	155	18	ministerial	ministerial	ADJ
iiclr-17591	155	19	committee	committee	NOUN
iiclr-17591	155	20	;	;	PUNCT
iiclr-17591	155	21	an	an	DET
iiclr-17591	155	22	entirely	entirely	ADV
iiclr-17591	155	23	new	new	ADJ
iiclr-17591	155	24	code	code	NOUN
iiclr-17591	155	25	of	of	ADP
iiclr-17591	155	26	criminal	criminal	ADJ
iiclr-17591	155	27	procedure	procedure	NOUN
iiclr-17591	155	28	was	be	AUX
iiclr-17591	155	29	enacted	enact	VERB
iiclr-17591	155	30	in	in	ADP
iiclr-17591	155	31	1988	1988	NUM
iiclr-17591	155	32	and	and	CCONJ
iiclr-17591	155	33	has	have	AUX
iiclr-17591	155	34	been	be	AUX
iiclr-17591	155	35	in	in	ADP
iiclr-17591	155	36	force	force	NOUN
iiclr-17591	155	37	since	since	SCONJ
iiclr-17591	155	38	1989	1989	NUM
iiclr-17591	155	39	.	.	PUNCT
iiclr-17591	156	1	9	9	X
iiclr-17591	156	2	.	.	X
iiclr-17591	157	1	there	there	PRON
iiclr-17591	157	2	are	be	VERB
iiclr-17591	157	3	some	some	DET
iiclr-17591	157	4	provisions	provision	NOUN
iiclr-17591	157	5	included	include	VERB
iiclr-17591	157	6	by	by	ADP
iiclr-17591	157	7	attraction	attraction	NOUN
iiclr-17591	157	8	in	in	ADP
iiclr-17591	157	9	other	other	ADJ
iiclr-17591	157	10	parts	part	NOUN
iiclr-17591	157	11	of	of	ADP
iiclr-17591	157	12	the	the	DET
iiclr-17591	157	13	civil	civil	ADJ
iiclr-17591	157	14	code	code	NOUN
iiclr-17591	157	15	.	.	PUNCT
iiclr-17591	158	1	for	for	ADP
iiclr-17591	158	2	example	example	NOUN
iiclr-17591	158	3	,	,	PUNCT
iiclr-17591	158	4	art	art	NOUN
iiclr-17591	158	5	.	.	PUNCT
iiclr-17591	158	6	320	320	NUM
iiclr-17591	158	7	,	,	PUNCT
iiclr-17591	158	8	in	in	ADP
iiclr-17591	158	9	which	which	PRON
iiclr-17591	158	10	the	the	DET
iiclr-17591	158	11	fifth	fifth	ADJ
iiclr-17591	158	12	paragraph	paragraph	NOUN
iiclr-17591	158	13	deals	deal	NOUN
iiclr-17591	158	14	with	with	ADP
iiclr-17591	158	15	the	the	DET
iiclr-17591	158	16	business	business	NOUN
iiclr-17591	158	17	activity	activity	NOUN
iiclr-17591	158	18	of	of	ADP
iiclr-17591	158	19	underage	underage	ADJ
iiclr-17591	158	20	children	child	NOUN
iiclr-17591	158	21	,	,	PUNCT
iiclr-17591	158	22	is	be	AUX
iiclr-17591	158	23	in	in	ADP
iiclr-17591	158	24	the	the	DET
iiclr-17591	158	25	family	family	NOUN
iiclr-17591	158	26	law	law	NOUN
iiclr-17591	158	27	section	section	NOUN
iiclr-17591	158	28	.	.	PUNCT
iiclr-17591	159	1	[	[	X
iiclr-17591	159	2	vol	vol	NOUN
iiclr-17591	159	3	.	.	PUNCT
iiclr-17591	160	1	6:1	6:1	NUM
iiclr-17591	160	2	corporate	corporate	ADJ
iiclr-17591	160	3	governance	governance	NOUN
iiclr-17591	160	4	in	in	ADP
iiclr-17591	160	5	italy	italy	PROPN
iiclr-17591	160	6	accomandita	accomandita	PROPN
iiclr-17591	160	7	per	per	ADP
iiclr-17591	160	8	azioni	azioni	PROPN
iiclr-17591	160	9	and	and	CCONJ
iiclr-17591	160	10	the	the	DET
iiclr-17591	160	11	societei	societei	NOUN
iiclr-17591	160	12	a	a	DET
iiclr-17591	160	13	responsabiliti	responsabiliti	ADJ
iiclr-17591	160	14	lirnitata	lirnitata	NOUN
iiclr-17591	160	15	are	be	AUX
iiclr-17591	160	16	largely	largely	ADV
iiclr-17591	160	17	construed	construe	VERB
iiclr-17591	160	18	by	by	ADP
iiclr-17591	160	19	cross	cros	NOUN
iiclr-17591	160	20	-	-	NOUN
iiclr-17591	160	21	references	reference	NOUN
iiclr-17591	160	22	to	to	ADP
iiclr-17591	160	23	the	the	DET
iiclr-17591	160	24	rules	rule	NOUN
iiclr-17591	160	25	of	of	ADP
iiclr-17591	160	26	the	the	DET
iiclr-17591	160	27	societa	societa	NOUN
iiclr-17591	160	28	per	per	ADP
iiclr-17591	160	29	azioni	azioni	PROPN
iiclr-17591	160	30	.	.	PUNCT
iiclr-17591	161	1	each	each	DET
iiclr-17591	161	2	type	type	NOUN
iiclr-17591	161	3	of	of	ADP
iiclr-17591	161	4	corporate	corporate	ADJ
iiclr-17591	161	5	legal	legal	ADJ
iiclr-17591	161	6	structure	structure	NOUN
iiclr-17591	161	7	was	be	AUX
iiclr-17591	161	8	conceived	conceive	VERB
iiclr-17591	161	9	to	to	PART
iiclr-17591	161	10	fit	fit	VERB
iiclr-17591	161	11	different	different	ADJ
iiclr-17591	161	12	factual	factual	ADJ
iiclr-17591	161	13	patterns	pattern	NOUN
iiclr-17591	161	14	.	.	PUNCT
iiclr-17591	162	1	the	the	DET
iiclr-17591	162	2	societa	societa	NOUN
iiclr-17591	162	3	per	per	ADP
iiclr-17591	162	4	azioni	azioni	PROPN
iiclr-17591	162	5	was	be	AUX
iiclr-17591	162	6	designed	design	VERB
iiclr-17591	162	7	as	as	ADP
iiclr-17591	162	8	an	an	DET
iiclr-17591	162	9	organizational	organizational	ADJ
iiclr-17591	162	10	form	form	NOUN
iiclr-17591	162	11	for	for	ADP
iiclr-17591	162	12	medium	medium	ADJ
iiclr-17591	162	13	-	-	PUNCT
iiclr-17591	162	14	large	large	ADJ
iiclr-17591	162	15	businesses	business	NOUN
iiclr-17591	162	16	.	.	PUNCT
iiclr-17591	163	1	the	the	DET
iiclr-17591	163	2	societa	societa	NOUN
iiclr-17591	163	3	in	in	ADP
iiclr-17591	163	4	accomandita	accomandita	NOUN
iiclr-17591	163	5	per	per	ADP
iiclr-17591	163	6	azioni	azioni	PROPN
iiclr-17591	163	7	,	,	PUNCT
iiclr-17591	163	8	which	which	PRON
iiclr-17591	163	9	has	have	AUX
iiclr-17591	163	10	proven	prove	VERB
iiclr-17591	163	11	mainly	mainly	ADV
iiclr-17591	163	12	a	a	DET
iiclr-17591	163	13	doctrinal	doctrinal	ADJ
iiclr-17591	163	14	creation	creation	NOUN
iiclr-17591	163	15	,	,	PUNCT
iiclr-17591	163	16	was	be	AUX
iiclr-17591	163	17	intended	intend	VERB
iiclr-17591	163	18	as	as	ADP
iiclr-17591	163	19	a	a	DET
iiclr-17591	163	20	device	device	NOUN
iiclr-17591	163	21	to	to	PART
iiclr-17591	163	22	raise	raise	VERB
iiclr-17591	163	23	capital	capital	NOUN
iiclr-17591	163	24	by	by	ADP
iiclr-17591	163	25	apersonally	apersonally	ADV
iiclr-17591	163	26	liable	liable	ADJ
iiclr-17591	163	27	entrepreneur	entrepreneur	NOUN
iiclr-17591	163	28	,	,	PUNCT
iiclr-17591	163	29	well	well	ADV
iiclr-17591	163	30	known	know	VERB
iiclr-17591	163	31	to	to	ADP
iiclr-17591	163	32	and	and	CCONJ
iiclr-17591	163	33	trusted	trust	VERB
iiclr-17591	163	34	by	by	ADP
iiclr-17591	163	35	the	the	DET
iiclr-17591	163	36	public	public	NOUN
iiclr-17591	163	37	.	.	PUNCT
iiclr-17591	164	1	'0	'0	X
iiclr-17591	164	2	the	the	DET
iiclr-17591	164	3	societek	societek	NOUN
iiclr-17591	164	4	a	a	DET
iiclr-17591	164	5	responsabilita	responsabilita	PROPN
iiclr-17591	164	6	limitata	limitata	PROPN
iiclr-17591	164	7	was	be	AUX
iiclr-17591	164	8	devised	devise	VERB
iiclr-17591	164	9	as	as	ADP
iiclr-17591	164	10	a	a	DET
iiclr-17591	164	11	small	small	ADJ
iiclr-17591	164	12	-	-	PUNCT
iiclr-17591	164	13	business	business	NOUN
iiclr-17591	164	14	limited	limited	ADJ
iiclr-17591	164	15	liability	liability	NOUN
iiclr-17591	164	16	corporation	corporation	NOUN
iiclr-17591	164	17	,	,	PUNCT
iiclr-17591	164	18	a	a	DET
iiclr-17591	164	19	role	role	NOUN
iiclr-17591	164	20	which	which	PRON
iiclr-17591	164	21	it	it	PRON
iiclr-17591	164	22	has	have	AUX
iiclr-17591	164	23	widely	widely	ADV
iiclr-17591	164	24	played	play	VERB
iiclr-17591	164	25	since	since	SCONJ
iiclr-17591	164	26	its	its	PRON
iiclr-17591	164	27	introduction	introduction	NOUN
iiclr-17591	164	28	.	.	PUNCT
iiclr-17591	165	1	the	the	DET
iiclr-17591	165	2	corporate	corporate	ADJ
iiclr-17591	165	3	law	law	NOUN
iiclr-17591	165	4	part	part	NOUN
iiclr-17591	165	5	of	of	ADP
iiclr-17591	165	6	the	the	DET
iiclr-17591	165	7	civil	civil	ADJ
iiclr-17591	165	8	code	code	NOUN
iiclr-17591	165	9	,	,	PUNCT
iiclr-17591	165	10	unlike	unlike	ADP
iiclr-17591	165	11	other	other	ADJ
iiclr-17591	165	12	parts	part	NOUN
iiclr-17591	165	13	of	of	ADP
iiclr-17591	165	14	it	it	PRON
iiclr-17591	165	15	,	,	PUNCT
iiclr-17591	165	16	has	have	AUX
iiclr-17591	165	17	been	be	AUX
iiclr-17591	165	18	amended	amend	VERB
iiclr-17591	165	19	several	several	ADJ
iiclr-17591	165	20	times	time	NOUN
iiclr-17591	165	21	.	.	PUNCT
iiclr-17591	166	1	the	the	DET
iiclr-17591	166	2	main	main	ADJ
iiclr-17591	166	3	thrust	thrust	NOUN
iiclr-17591	166	4	of	of	ADP
iiclr-17591	166	5	change	change	NOUN
iiclr-17591	166	6	has	have	AUX
iiclr-17591	166	7	been	be	AUX
iiclr-17591	166	8	provided	provide	VERB
iiclr-17591	166	9	by	by	ADP
iiclr-17591	166	10	the	the	DET
iiclr-17591	166	11	directives	directive	NOUN
iiclr-17591	166	12	of	of	ADP
iiclr-17591	166	13	the	the	DET
iiclr-17591	166	14	european	european	ADJ
iiclr-17591	166	15	community	community	NOUN
iiclr-17591	166	16	(	(	PUNCT
iiclr-17591	166	17	now	now	ADV
iiclr-17591	166	18	european	european	PROPN
iiclr-17591	166	19	union	union	PROPN
iiclr-17591	166	20	)	)	PUNCT
iiclr-17591	166	21	,	,	PUNCT
iiclr-17591	166	22	nine	nine	NUM
iiclr-17591	166	23	of	of	ADP
iiclr-17591	166	24	which	which	PRON
iiclr-17591	166	25	deal	deal	VERB
iiclr-17591	166	26	directly	directly	ADV
iiclr-17591	166	27	or	or	CCONJ
iiclr-17591	166	28	indirectly	indirectly	ADV
iiclr-17591	166	29	with	with	ADP
iiclr-17591	166	30	corporate	corporate	ADJ
iiclr-17591	166	31	law	law	NOUN
iiclr-17591	166	32	and	and	CCONJ
iiclr-17591	166	33	were	be	AUX
iiclr-17591	166	34	implemented	implement	VERB
iiclr-17591	166	35	between	between	ADP
iiclr-17591	166	36	1969	1969	NUM
iiclr-17591	166	37	and	and	CCONJ
iiclr-17591	166	38	1993	1993	NUM
iiclr-17591	166	39	.	.	PUNCT
iiclr-17591	166	40	"	"	PUNCT
iiclr-17591	167	1	however	however	ADV
iiclr-17591	167	2	,	,	PUNCT
iiclr-17591	167	3	other	other	ADJ
iiclr-17591	167	4	powerful	powerful	ADJ
iiclr-17591	167	5	forces	force	NOUN
iiclr-17591	167	6	,	,	PUNCT
iiclr-17591	167	7	principally	principally	ADV
iiclr-17591	167	8	the	the	DET
iiclr-17591	167	9	rapid	rapid	ADJ
iiclr-17591	167	10	development	development	NOUN
iiclr-17591	167	11	of	of	ADP
iiclr-17591	167	12	non	non	ADJ
iiclr-17591	167	13	-	-	ADJ
iiclr-17591	167	14	banking	banking	ADJ
iiclr-17591	167	15	financial	financial	ADJ
iiclr-17591	167	16	intermediation	intermediation	NOUN
iiclr-17591	167	17	since	since	SCONJ
iiclr-17591	167	18	the	the	DET
iiclr-17591	167	19	early	early	ADJ
iiclr-17591	167	20	'	'	NOUN
iiclr-17591	167	21	70s	70	NOUN
iiclr-17591	167	22	,	,	PUNCT
iiclr-17591	167	23	have	have	AUX
iiclr-17591	167	24	been	be	AUX
iiclr-17591	167	25	at	at	ADP
iiclr-17591	167	26	work	work	NOUN
iiclr-17591	167	27	in	in	ADP
iiclr-17591	167	28	shaping	shape	VERB
iiclr-17591	167	29	the	the	DET
iiclr-17591	167	30	landscape	landscape	NOUN
iiclr-17591	167	31	.	.	PUNCT
iiclr-17591	168	1	the	the	DET
iiclr-17591	168	2	result	result	NOUN
iiclr-17591	168	3	is	be	AUX
iiclr-17591	168	4	a	a	DET
iiclr-17591	168	5	civil	civil	ADJ
iiclr-17591	168	6	code	code	NOUN
iiclr-17591	168	7	flanked	flank	VERB
iiclr-17591	168	8	by	by	ADP
iiclr-17591	168	9	a	a	DET
iiclr-17591	168	10	number	number	NOUN
iiclr-17591	168	11	of	of	ADP
iiclr-17591	168	12	laws	law	NOUN
iiclr-17591	168	13	dealing	deal	VERB
iiclr-17591	168	14	with	with	ADP
iiclr-17591	168	15	particular	particular	ADJ
iiclr-17591	168	16	areas	area	NOUN
iiclr-17591	168	17	.	.	PUNCT
iiclr-17591	169	1	2	2	NUM
iiclr-17591	169	2	even	even	ADV
iiclr-17591	169	3	so	so	ADV
iiclr-17591	169	4	,	,	PUNCT
iiclr-17591	169	5	when	when	SCONJ
iiclr-17591	169	6	financial	financial	ADJ
iiclr-17591	169	7	markets	market	NOUN
iiclr-17591	169	8	are	be	AUX
iiclr-17591	169	9	not	not	PART
iiclr-17591	169	10	directly	directly	ADV
iiclr-17591	169	11	involved	involve	VERB
iiclr-17591	169	12	(	(	PUNCT
iiclr-17591	169	13	in	in	ADP
iiclr-17591	169	14	10	10	NUM
iiclr-17591	169	15	.	.	PUNCT
iiclr-17591	170	1	the	the	DET
iiclr-17591	170	2	societl	societl	NOUN
iiclr-17591	170	3	in	in	ADP
iiclr-17591	170	4	accomandita	accomandita	NOUN
iiclr-17591	170	5	per	per	ADP
iiclr-17591	170	6	azioni	azioni	PROPN
iiclr-17591	170	7	seems	seem	VERB
iiclr-17591	170	8	suitable	suitable	ADJ
iiclr-17591	170	9	for	for	ADP
iiclr-17591	170	10	what	what	PRON
iiclr-17591	170	11	professor	professor	PROPN
iiclr-17591	170	12	robert	robert	PROPN
iiclr-17591	170	13	c.	c.	PROPN
iiclr-17591	170	14	clark	clark	PROPN
iiclr-17591	170	15	defines	define	VERB
iiclr-17591	170	16	as	as	ADP
iiclr-17591	170	17	the	the	DET
iiclr-17591	170	18	first	first	ADJ
iiclr-17591	170	19	stage	stage	NOUN
iiclr-17591	170	20	of	of	ADP
iiclr-17591	170	21	capitalism	capitalism	NOUN
iiclr-17591	170	22	:	:	PUNCT
iiclr-17591	170	23	"	"	PUNCT
iiclr-17591	170	24	the	the	DET
iiclr-17591	170	25	age	age	NOUN
iiclr-17591	170	26	of	of	ADP
iiclr-17591	170	27	the	the	DET
iiclr-17591	170	28	entrepreneur	entrepreneur	NOUN
iiclr-17591	170	29	,	,	PUNCT
iiclr-17591	170	30	the	the	DET
iiclr-17591	170	31	fabled	fabled	ADJ
iiclr-17591	170	32	promoterinvestor	promoterinvestor	NOUN
iiclr-17591	170	33	-	-	PUNCT
iiclr-17591	170	34	manager	manager	NOUN
iiclr-17591	170	35	who	who	PRON
iiclr-17591	170	36	launched	launch	VERB
iiclr-17591	170	37	large	large	ADJ
iiclr-17591	170	38	-	-	PUNCT
iiclr-17591	170	39	scale	scale	NOUN
iiclr-17591	170	40	business	business	NOUN
iiclr-17591	170	41	organizations	organization	NOUN
iiclr-17591	170	42	in	in	ADP
iiclr-17591	170	43	corporate	corporate	ADJ
iiclr-17591	170	44	form	form	NOUN
iiclr-17591	170	45	for	for	ADP
iiclr-17591	170	46	the	the	DET
iiclr-17591	170	47	first	first	ADJ
iiclr-17591	170	48	time	time	NOUN
iiclr-17591	170	49	in	in	ADP
iiclr-17591	170	50	history	history	NOUN
iiclr-17591	170	51	....	....	PUNCT
iiclr-17591	171	1	he	he	PRON
iiclr-17591	171	2	was	be	AUX
iiclr-17591	171	3	primarily	primarily	ADV
iiclr-17591	171	4	a	a	DET
iiclr-17591	171	5	nineteenth	nineteenth	ADJ
iiclr-17591	171	6	century	century	NOUN
iiclr-17591	171	7	phenomenon	phenomenon	NOUN
iiclr-17591	171	8	.	.	PUNCT
iiclr-17591	171	9	"	"	PUNCT
iiclr-17591	172	1	robert	robert	PROPN
iiclr-17591	172	2	c.	c.	PROPN
iiclr-17591	172	3	clark	clark	PROPN
iiclr-17591	172	4	,	,	PUNCT
iiclr-17591	172	5	the	the	DET
iiclr-17591	172	6	four	four	NUM
iiclr-17591	172	7	stages	stage	NOUN
iiclr-17591	172	8	of	of	ADP
iiclr-17591	172	9	capitalism	capitalism	NOUN
iiclr-17591	172	10	:	:	PUNCT
iiclr-17591	172	11	reflections	reflection	NOUN
iiclr-17591	172	12	on	on	ADP
iiclr-17591	172	13	investment	investment	NOUN
iiclr-17591	172	14	management	management	NOUN
iiclr-17591	172	15	treatises	treatise	NOUN
iiclr-17591	172	16	,	,	PUNCT
iiclr-17591	172	17	94	94	NUM
iiclr-17591	172	18	harv	harv	NOUN
iiclr-17591	172	19	.	.	PUNCT
iiclr-17591	173	1	l.	l.	PROPN
iiclr-17591	173	2	rev	rev	PROPN
iiclr-17591	173	3	.	.	PROPN
iiclr-17591	174	1	561	561	NUM
iiclr-17591	174	2	,	,	PUNCT
iiclr-17591	174	3	562	562	NUM
iiclr-17591	174	4	(	(	PUNCT
iiclr-17591	174	5	1981	1981	NUM
iiclr-17591	174	6	)	)	PUNCT
iiclr-17591	174	7	.	.	PUNCT
iiclr-17591	175	1	the	the	DET
iiclr-17591	175	2	italian	italian	ADJ
iiclr-17591	175	3	economy	economy	NOUN
iiclr-17591	175	4	,	,	PUNCT
iiclr-17591	175	5	even	even	ADV
iiclr-17591	175	6	if	if	SCONJ
iiclr-17591	175	7	it	it	PRON
iiclr-17591	175	8	had	have	AUX
iiclr-17591	175	9	developed	develop	VERB
iiclr-17591	175	10	later	later	ADV
iiclr-17591	175	11	than	than	ADP
iiclr-17591	175	12	the	the	DET
iiclr-17591	175	13	american	american	ADJ
iiclr-17591	175	14	economy	economy	NOUN
iiclr-17591	175	15	,	,	PUNCT
iiclr-17591	175	16	had	have	AUX
iiclr-17591	175	17	already	already	ADV
iiclr-17591	175	18	passed	pass	VERB
iiclr-17591	175	19	the	the	DET
iiclr-17591	175	20	"	"	PUNCT
iiclr-17591	175	21	first	first	ADJ
iiclr-17591	175	22	stage	stage	NOUN
iiclr-17591	175	23	"	"	PUNCT
iiclr-17591	175	24	in	in	ADP
iiclr-17591	175	25	1942	1942	NUM
iiclr-17591	175	26	,	,	PUNCT
iiclr-17591	175	27	in	in	ADP
iiclr-17591	175	28	effect	effect	NOUN
iiclr-17591	175	29	,	,	PUNCT
iiclr-17591	175	30	causing	cause	VERB
iiclr-17591	175	31	the	the	DET
iiclr-17591	175	32	societi	societi	NOUN
iiclr-17591	175	33	in	in	ADP
iiclr-17591	175	34	accomandita	accomandita	NOUN
iiclr-17591	175	35	per	per	ADP
iiclr-17591	175	36	azioni	azioni	PROPN
iiclr-17591	175	37	to	to	PART
iiclr-17591	175	38	be	be	AUX
iiclr-17591	175	39	born	bear	VERB
iiclr-17591	175	40	old	old	ADJ
iiclr-17591	175	41	-	-	PUNCT
iiclr-17591	175	42	fashioned	fashioned	ADJ
iiclr-17591	175	43	;	;	PUNCT
iiclr-17591	175	44	or	or	CCONJ
iiclr-17591	175	45	possibly	possibly	ADV
iiclr-17591	175	46	personal	personal	ADJ
iiclr-17591	175	47	liability	liability	NOUN
iiclr-17591	175	48	for	for	ADP
iiclr-17591	175	49	large	large	ADJ
iiclr-17591	175	50	-	-	PUNCT
iiclr-17591	175	51	scale	scale	NOUN
iiclr-17591	175	52	enterprises	enterprise	NOUN
iiclr-17591	175	53	has	have	AUX
iiclr-17591	175	54	never	never	ADV
iiclr-17591	175	55	been	be	AUX
iiclr-17591	175	56	an	an	DET
iiclr-17591	175	57	acceptable	acceptable	ADJ
iiclr-17591	175	58	compromise	compromise	NOUN
iiclr-17591	175	59	for	for	ADP
iiclr-17591	175	60	entrepreneurs	entrepreneur	NOUN
iiclr-17591	175	61	,	,	PUNCT
iiclr-17591	175	62	given	give	VERB
iiclr-17591	175	63	the	the	DET
iiclr-17591	175	64	alternative	alternative	NOUN
iiclr-17591	175	65	of	of	ADP
iiclr-17591	175	66	the	the	DET
iiclr-17591	175	67	fully	fully	ADV
iiclr-17591	175	68	limited	limited	ADJ
iiclr-17591	175	69	liability	liability	NOUN
iiclr-17591	175	70	easily	easily	ADV
iiclr-17591	175	71	achievable	achievable	ADJ
iiclr-17591	175	72	by	by	ADP
iiclr-17591	175	73	means	mean	NOUN
iiclr-17591	175	74	of	of	ADP
iiclr-17591	175	75	the	the	DET
iiclr-17591	175	76	societd	societd	NOUN
iiclr-17591	175	77	per	per	ADP
iiclr-17591	175	78	azioni	azioni	PROPN
iiclr-17591	175	79	.	.	PUNCT
iiclr-17591	176	1	the	the	DET
iiclr-17591	176	2	societi	societi	PROPN
iiclr-17591	176	3	in	in	ADP
iiclr-17591	176	4	accomandita	accomandita	NOUN
iiclr-17591	176	5	per	per	ADP
iiclr-17591	176	6	azioni	azioni	PROPN
iiclr-17591	176	7	is	be	AUX
iiclr-17591	176	8	nonetheless	nonetheless	ADV
iiclr-17591	176	9	living	live	VERB
iiclr-17591	176	10	its	its	PRON
iiclr-17591	176	11	first	first	ADJ
iiclr-17591	176	12	life	life	NOUN
iiclr-17591	176	13	in	in	ADP
iiclr-17591	176	14	a	a	DET
iiclr-17591	176	15	totally	totally	ADV
iiclr-17591	176	16	different	different	ADJ
iiclr-17591	176	17	context	context	NOUN
iiclr-17591	176	18	from	from	ADP
iiclr-17591	176	19	that	that	PRON
iiclr-17591	176	20	the	the	DET
iiclr-17591	176	21	writers	writer	NOUN
iiclr-17591	176	22	of	of	ADP
iiclr-17591	176	23	the	the	DET
iiclr-17591	176	24	civil	civil	ADJ
iiclr-17591	176	25	code	code	NOUN
iiclr-17591	176	26	had	have	AUX
iiclr-17591	176	27	in	in	ADP
iiclr-17591	176	28	mind	mind	NOUN
iiclr-17591	176	29	.	.	PUNCT
iiclr-17591	177	1	this	this	DET
iiclr-17591	177	2	strange	strange	ADJ
iiclr-17591	177	3	corporate	corporate	ADJ
iiclr-17591	177	4	form	form	NOUN
iiclr-17591	177	5	is	be	AUX
iiclr-17591	177	6	,	,	PUNCT
iiclr-17591	177	7	in	in	ADP
iiclr-17591	177	8	fact	fact	NOUN
iiclr-17591	177	9	,	,	PUNCT
iiclr-17591	177	10	being	be	AUX
iiclr-17591	177	11	used	use	VERB
iiclr-17591	177	12	as	as	ADP
iiclr-17591	177	13	a	a	DET
iiclr-17591	177	14	top	top	ADJ
iiclr-17591	177	15	holding	hold	VERB
iiclr-17591	177	16	company	company	NOUN
iiclr-17591	177	17	for	for	ADP
iiclr-17591	177	18	large	large	ADJ
iiclr-17591	177	19	business	business	NOUN
iiclr-17591	177	20	groups	group	NOUN
iiclr-17591	177	21	.	.	PUNCT
iiclr-17591	178	1	the	the	DET
iiclr-17591	178	2	high	high	ADJ
iiclr-17591	178	3	stability	stability	NOUN
iiclr-17591	178	4	of	of	ADP
iiclr-17591	178	5	the	the	DET
iiclr-17591	178	6	personally	personally	ADV
iiclr-17591	178	7	liable	liable	ADJ
iiclr-17591	178	8	directors	director	NOUN
iiclr-17591	178	9	,	,	PUNCT
iiclr-17591	178	10	who	who	PRON
iiclr-17591	178	11	can	can	AUX
iiclr-17591	178	12	not	not	PART
iiclr-17591	178	13	be	be	AUX
iiclr-17591	178	14	removed	remove	VERB
iiclr-17591	178	15	by	by	ADP
iiclr-17591	178	16	a	a	DET
iiclr-17591	178	17	simple	simple	ADJ
iiclr-17591	178	18	shareholders	shareholder	NOUN
iiclr-17591	178	19	'	'	PART
iiclr-17591	178	20	vote	vote	NOUN
iiclr-17591	178	21	,	,	PUNCT
iiclr-17591	178	22	and	and	CCONJ
iiclr-17591	178	23	the	the	DET
iiclr-17591	178	24	relative	relative	ADJ
iiclr-17591	178	25	unlikeliness	unlikeliness	NOUN
iiclr-17591	178	26	of	of	ADP
iiclr-17591	178	27	a	a	DET
iiclr-17591	178	28	financial	financial	ADJ
iiclr-17591	178	29	breakdown	breakdown	NOUN
iiclr-17591	178	30	ofa	ofa	PROPN
iiclr-17591	178	31	company	company	NOUN
iiclr-17591	178	32	not	not	PART
iiclr-17591	178	33	involved	involve	VERB
iiclr-17591	178	34	in	in	ADP
iiclr-17591	178	35	direct	direct	ADJ
iiclr-17591	178	36	economic	economic	ADJ
iiclr-17591	178	37	activity	activity	NOUN
iiclr-17591	178	38	(	(	PUNCT
iiclr-17591	178	39	either	either	CCONJ
iiclr-17591	178	40	operating	operate	VERB
iiclr-17591	178	41	or	or	CCONJ
iiclr-17591	178	42	financial	financial	ADJ
iiclr-17591	178	43	)	)	PUNCT
iiclr-17591	178	44	,	,	PUNCT
iiclr-17591	178	45	can	can	AUX
iiclr-17591	178	46	render	render	VERB
iiclr-17591	178	47	the	the	DET
iiclr-17591	178	48	form	form	NOUN
iiclr-17591	178	49	of	of	ADP
iiclr-17591	178	50	the	the	DET
iiclr-17591	178	51	societa	societa	NOUN
iiclr-17591	178	52	in	in	ADP
iiclr-17591	178	53	accomandita	accomandita	NOUN
iiclr-17591	178	54	per	per	ADP
iiclr-17591	178	55	azioni	azioni	PROPN
iiclr-17591	178	56	attractive	attractive	ADJ
iiclr-17591	178	57	for	for	ADP
iiclr-17591	178	58	this	this	DET
iiclr-17591	178	59	use	use	NOUN
iiclr-17591	178	60	.	.	PUNCT
iiclr-17591	179	1	for	for	ADP
iiclr-17591	179	2	example	example	NOUN
iiclr-17591	179	3	,	,	PUNCT
iiclr-17591	179	4	at	at	ADP
iiclr-17591	179	5	the	the	DET
iiclr-17591	179	6	top	top	NOUN
iiclr-17591	179	7	of	of	ADP
iiclr-17591	179	8	the	the	DET
iiclr-17591	179	9	fiat	fiat	PROPN
iiclr-17591	179	10	group	group	NOUN
iiclr-17591	179	11	pyramid	pyramid	NOUN
iiclr-17591	179	12	(	(	PUNCT
iiclr-17591	179	13	a	a	DET
iiclr-17591	179	14	group	group	NOUN
iiclr-17591	179	15	with	with	ADP
iiclr-17591	179	16	$	$	SYM
iiclr-17591	179	17	20	20	NUM
iiclr-17591	179	18	billion	billion	NUM
iiclr-17591	179	19	turnover	turnover	NOUN
iiclr-17591	179	20	in	in	ADP
iiclr-17591	179	21	1994	1994	NUM
iiclr-17591	179	22	)	)	PUNCT
iiclr-17591	179	23	is	be	AUX
iiclr-17591	179	24	the	the	DET
iiclr-17591	179	25	"	"	PUNCT
iiclr-17591	179	26	giovanni	giovanni	PROPN
iiclr-17591	179	27	agnelli	agnelli	PROPN
iiclr-17591	179	28	&	&	CCONJ
iiclr-17591	179	29	c.	c.	PROPN
iiclr-17591	179	30	societk	societk	PROPN
iiclr-17591	179	31	in	in	ADP
iiclr-17591	179	32	accomandita	accomandita	NOUN
iiclr-17591	179	33	per	per	ADP
iiclr-17591	179	34	azioni	azioni	NOUN
iiclr-17591	179	35	,	,	PUNCT
iiclr-17591	179	36	"	"	PUNCT
iiclr-17591	179	37	whose	whose	DET
iiclr-17591	179	38	(	(	PUNCT
iiclr-17591	179	39	interesting	interesting	ADJ
iiclr-17591	179	40	)	)	PUNCT
iiclr-17591	179	41	charter	charter	NOUN
iiclr-17591	179	42	was	be	AUX
iiclr-17591	179	43	published	publish	VERB
iiclr-17591	179	44	in	in	ADP
iiclr-17591	179	45	1987	1987	NUM
iiclr-17591	179	46	giurisprudenza	giurisprudenza	NOUN
iiclr-17591	179	47	commerciale	commerciale	X
iiclr-17591	179	48	1	1	NUM
iiclr-17591	179	49	,	,	PUNCT
iiclr-17591	179	50	1027	1027	NUM
iiclr-17591	179	51	.	.	PUNCT
iiclr-17591	180	1	11	11	NUM
iiclr-17591	180	2	.	.	X
iiclr-17591	180	3	four	four	NUM
iiclr-17591	180	4	more	more	ADJ
iiclr-17591	180	5	directives	directive	NOUN
iiclr-17591	180	6	are	be	AUX
iiclr-17591	180	7	in	in	ADP
iiclr-17591	180	8	project	project	NOUN
iiclr-17591	180	9	stage	stage	NOUN
iiclr-17591	180	10	,	,	PUNCT
iiclr-17591	180	11	but	but	CCONJ
iiclr-17591	180	12	their	their	PRON
iiclr-17591	180	13	adoption	adoption	NOUN
iiclr-17591	180	14	seems	seem	VERB
iiclr-17591	180	15	doubtful	doubtful	ADJ
iiclr-17591	180	16	at	at	ADP
iiclr-17591	180	17	the	the	DET
iiclr-17591	180	18	present	present	ADJ
iiclr-17591	180	19	moment	moment	NOUN
iiclr-17591	180	20	.	.	PUNCT
iiclr-17591	181	1	12	12	NUM
iiclr-17591	181	2	.	.	PUNCT
iiclr-17591	182	1	the	the	DET
iiclr-17591	182	2	most	most	ADV
iiclr-17591	182	3	important	important	ADJ
iiclr-17591	182	4	of	of	ADP
iiclr-17591	182	5	which	which	PRON
iiclr-17591	182	6	are	be	AUX
iiclr-17591	182	7	:	:	PUNCT
iiclr-17591	182	8	(	(	PUNCT
iiclr-17591	182	9	a	a	X
iiclr-17591	182	10	)	)	PUNCT
iiclr-17591	182	11	law	law	NOUN
iiclr-17591	182	12	of	of	ADP
iiclr-17591	182	13	june	june	PROPN
iiclr-17591	182	14	7	7	NUM
iiclr-17591	182	15	,	,	PUNCT
iiclr-17591	182	16	1974	1974	NUM
iiclr-17591	182	17	,	,	PUNCT
iiclr-17591	182	18	no	no	INTJ
iiclr-17591	182	19	.	.	NOUN
iiclr-17591	182	20	216	216	NUM
iiclr-17591	182	21	,	,	PUNCT
iiclr-17591	182	22	on	on	ADP
iiclr-17591	182	23	the	the	DET
iiclr-17591	182	24	financial	financial	ADJ
iiclr-17591	182	25	market	market	NOUN
iiclr-17591	182	26	in	in	ADP
iiclr-17591	182	27	general	general	ADJ
iiclr-17591	182	28	and	and	CCONJ
iiclr-17591	182	29	on	on	ADP
iiclr-17591	182	30	public	public	ADJ
iiclr-17591	182	31	offerings	offering	NOUN
iiclr-17591	182	32	of	of	ADP
iiclr-17591	182	33	securities	security	NOUN
iiclr-17591	182	34	;	;	PUNCT
iiclr-17591	182	35	it	it	PRON
iiclr-17591	182	36	created	create	VERB
iiclr-17591	182	37	the	the	DET
iiclr-17591	182	38	commissione	commissione	NOUN
iiclr-17591	182	39	nazionale	nazionale	NOUN
iiclr-17591	182	40	per	per	X
iiclr-17591	182	41	le	le	X
iiclr-17591	182	42	societa	societa	PROPN
iiclr-17591	182	43	e	e	PROPN
iiclr-17591	182	44	la	la	PROPN
iiclr-17591	182	45	borsa	borsa	PROPN
iiclr-17591	183	1	[	[	X
iiclr-17591	183	2	national	national	ADJ
iiclr-17591	183	3	commission	commission	NOUN
iiclr-17591	183	4	for	for	ADP
iiclr-17591	183	5	companies	company	NOUN
iiclr-17591	183	6	and	and	CCONJ
iiclr-17591	183	7	stock	stock	NOUN
iiclr-17591	183	8	market	market	NOUN
iiclr-17591	183	9	,	,	PUNCT
iiclr-17591	183	10	hereinafter	hereinafter	NOUN
iiclr-17591	183	11	consob	consob	NOUN
iiclr-17591	183	12	,	,	PUNCT
iiclr-17591	183	13	an	an	DET
iiclr-17591	183	14	independent	independent	ADJ
iiclr-17591	183	15	agency	agency	NOUN
iiclr-17591	183	16	modeled	model	VERB
iiclr-17591	183	17	after	after	ADP
iiclr-17591	183	18	the	the	DET
iiclr-17591	183	19	american	american	PROPN
iiclr-17591	183	20	sec	sec	PROPN
iiclr-17591	183	21	]	]	PUNCT
iiclr-17591	183	22	.	.	PUNCT
iiclr-17591	184	1	it	it	PRON
iiclr-17591	184	2	is	be	AUX
iiclr-17591	184	3	the	the	DET
iiclr-17591	184	4	main	main	ADJ
iiclr-17591	184	5	piece	piece	NOUN
iiclr-17591	184	6	of	of	ADP
iiclr-17591	184	7	legislation	legislation	NOUN
iiclr-17591	184	8	on	on	ADP
iiclr-17591	184	9	the	the	DET
iiclr-17591	184	10	matter	matter	NOUN
iiclr-17591	184	11	.	.	PUNCT
iiclr-17591	185	1	this	this	DET
iiclr-17591	185	2	law	law	NOUN
iiclr-17591	185	3	has	have	AUX
iiclr-17591	185	4	been	be	AUX
iiclr-17591	185	5	amended	amend	VERB
iiclr-17591	185	6	innumerable	innumerable	ADJ
iiclr-17591	185	7	times	time	NOUN
iiclr-17591	185	8	to	to	PART
iiclr-17591	185	9	respond	respond	VERB
iiclr-17591	185	10	to	to	ADP
iiclr-17591	185	11	changes	change	NOUN
iiclr-17591	185	12	in	in	ADP
iiclr-17591	185	13	the	the	DET
iiclr-17591	185	14	financial	financial	ADJ
iiclr-17591	185	15	markets	market	NOUN
iiclr-17591	185	16	and	and	CCONJ
iiclr-17591	185	17	to	to	PART
iiclr-17591	185	18	implement	implement	VERB
iiclr-17591	185	19	european	european	ADJ
iiclr-17591	185	20	directives	directive	NOUN
iiclr-17591	185	21	;	;	PUNCT
iiclr-17591	185	22	1995	1995	NUM
iiclr-17591	185	23	]	]	X
iiclr-17591	185	24	ind	ind	NOUN
iiclr-17591	185	25	.	.	PUNCT
iiclr-17591	186	1	int'l	int'l	PROPN
iiclr-17591	186	2	&	&	CCONJ
iiclr-17591	186	3	comp	comp	PROPN
iiclr-17591	186	4	.	.	PUNCT
iiclr-17591	187	1	l	l	PROPN
iiclr-17591	187	2	rev	rev	PROPN
iiclr-17591	187	3	.	.	PROPN
iiclr-17591	187	4	which	which	DET
iiclr-17591	187	5	case	case	NOUN
iiclr-17591	187	6	directors	director	NOUN
iiclr-17591	187	7	must	must	AUX
iiclr-17591	187	8	follow	follow	VERB
iiclr-17591	187	9	substantive	substantive	ADJ
iiclr-17591	187	10	rules	rule	NOUN
iiclr-17591	187	11	of	of	ADP
iiclr-17591	187	12	disclosure	disclosure	NOUN
iiclr-17591	187	13	and	and	CCONJ
iiclr-17591	187	14	independent	independent	ADJ
iiclr-17591	187	15	auditors	auditor	NOUN
iiclr-17591	187	16	play	play	VERB
iiclr-17591	187	17	some	some	DET
iiclr-17591	187	18	role	role	NOUN
iiclr-17591	187	19	)	)	PUNCT
iiclr-17591	187	20	the	the	DET
iiclr-17591	187	21	corporate	corporate	ADJ
iiclr-17591	187	22	structure	structure	NOUN
iiclr-17591	187	23	rules	rule	NOUN
iiclr-17591	187	24	are	be	AUX
iiclr-17591	187	25	to	to	PART
iiclr-17591	187	26	be	be	AUX
iiclr-17591	187	27	found	find	VERB
iiclr-17591	187	28	in	in	ADP
iiclr-17591	187	29	the	the	DET
iiclr-17591	187	30	civil	civil	ADJ
iiclr-17591	187	31	code	code	NOUN
iiclr-17591	187	32	.	.	PUNCT
iiclr-17591	188	1	c.	c.	PROPN
iiclr-17591	188	2	corporate	corporate	ADJ
iiclr-17591	188	3	governance	governance	NOUN
iiclr-17591	188	4	rules	rule	NOUN
iiclr-17591	188	5	:	:	PUNCT
iiclr-17591	188	6	the	the	DET
iiclr-17591	188	7	absence	absence	NOUN
iiclr-17591	188	8	of	of	ADP
iiclr-17591	188	9	significant	significant	ADJ
iiclr-17591	188	10	changes	change	NOUN
iiclr-17591	188	11	since	since	SCONJ
iiclr-17591	188	12	the	the	DET
iiclr-17591	188	13	enactment	enactment	NOUN
iiclr-17591	188	14	of	of	ADP
iiclr-17591	188	15	the	the	DET
iiclr-17591	188	16	civil	civil	ADJ
iiclr-17591	188	17	code	code	NOUN
iiclr-17591	188	18	.	.	PUNCT
iiclr-17591	189	1	this	this	DET
iiclr-17591	189	2	intense	intense	ADJ
iiclr-17591	189	3	legislative	legislative	ADJ
iiclr-17591	189	4	activity	activity	NOUN
iiclr-17591	189	5	with	with	ADP
iiclr-17591	189	6	respect	respect	NOUN
iiclr-17591	189	7	to	to	ADP
iiclr-17591	189	8	corporate	corporate	ADJ
iiclr-17591	189	9	law	law	NOUN
iiclr-17591	189	10	,	,	PUNCT
iiclr-17591	189	11	apart	apart	ADV
iiclr-17591	189	12	from	from	ADP
iiclr-17591	189	13	a	a	DET
iiclr-17591	189	14	few	few	ADJ
iiclr-17591	189	15	exceptions	exception	NOUN
iiclr-17591	189	16	,	,	PUNCT
iiclr-17591	189	17	has	have	AUX
iiclr-17591	189	18	not	not	PART
iiclr-17591	189	19	touched	touch	VERB
iiclr-17591	189	20	the	the	DET
iiclr-17591	189	21	corporate	corporate	ADJ
iiclr-17591	189	22	governance	governance	NOUN
iiclr-17591	189	23	field	field	NOUN
iiclr-17591	189	24	.	.	PUNCT
iiclr-17591	190	1	the	the	DET
iiclr-17591	190	2	basic	basic	ADJ
iiclr-17591	190	3	structure	structure	NOUN
iiclr-17591	190	4	of	of	ADP
iiclr-17591	190	5	the	the	DET
iiclr-17591	190	6	relationship	relationship	NOUN
iiclr-17591	190	7	between	between	ADP
iiclr-17591	190	8	the	the	DET
iiclr-17591	190	9	shareholders	shareholder	NOUN
iiclr-17591	190	10	,	,	PUNCT
iiclr-17591	190	11	the	the	DET
iiclr-17591	190	12	board	board	NOUN
iiclr-17591	190	13	of	of	ADP
iiclr-17591	190	14	directors	director	NOUN
iiclr-17591	190	15	,	,	PUNCT
iiclr-17591	190	16	and	and	CCONJ
iiclr-17591	190	17	the	the	DET
iiclr-17591	190	18	board	board	NOUN
iiclr-17591	190	19	of	of	ADP
iiclr-17591	190	20	auditors,13	auditors,13	NOUN
iiclr-17591	190	21	which	which	PRON
iiclr-17591	190	22	are	be	AUX
iiclr-17591	190	23	the	the	DET
iiclr-17591	190	24	three	three	NUM
iiclr-17591	190	25	organs	organ	NOUN
iiclr-17591	190	26	of	of	ADP
iiclr-17591	190	27	the	the	DET
iiclr-17591	190	28	corporation	corporation	NOUN
iiclr-17591	190	29	,	,	PUNCT
iiclr-17591	190	30	has	have	AUX
iiclr-17591	190	31	remained	remain	VERB
iiclr-17591	190	32	basically	basically	ADV
iiclr-17591	190	33	unchanged	unchanged	ADJ
iiclr-17591	190	34	since	since	SCONJ
iiclr-17591	190	35	1942	1942	NUM
iiclr-17591	190	36	.	.	PUNCT
iiclr-17591	191	1	the	the	DET
iiclr-17591	191	2	inmediate	inmediate	ADJ
iiclr-17591	191	3	reasons	reason	NOUN
iiclr-17591	191	4	for	for	ADP
iiclr-17591	191	5	this	this	DET
iiclr-17591	191	6	peculiarity	peculiarity	NOUN
iiclr-17591	191	7	can	can	AUX
iiclr-17591	191	8	easily	easily	ADV
iiclr-17591	191	9	be	be	AUX
iiclr-17591	191	10	found	find	VERB
iiclr-17591	191	11	.	.	PUNCT
iiclr-17591	192	1	first	first	ADV
iiclr-17591	192	2	,	,	PUNCT
iiclr-17591	192	3	the	the	DET
iiclr-17591	192	4	european	european	PROPN
iiclr-17591	192	5	union	union	PROPN
iiclr-17591	192	6	's	's	PART
iiclr-17591	192	7	directives	directive	NOUN
iiclr-17591	192	8	,	,	PUNCT
iiclr-17591	192	9	which	which	PRON
iiclr-17591	192	10	have	have	AUX
iiclr-17591	192	11	been	be	AUX
iiclr-17591	192	12	the	the	DET
iiclr-17591	192	13	main	main	ADJ
iiclr-17591	192	14	legislative	legislative	ADJ
iiclr-17591	192	15	driving	driving	NOUN
iiclr-17591	192	16	force	force	NOUN
iiclr-17591	192	17	,	,	PUNCT
iiclr-17591	192	18	have	have	AUX
iiclr-17591	192	19	touched	touch	VERB
iiclr-17591	192	20	corporate	corporate	ADJ
iiclr-17591	192	21	governance	governance	NOUN
iiclr-17591	192	22	only	only	ADV
iiclr-17591	192	23	marginally	marginally	ADV
iiclr-17591	192	24	.	.	PUNCT
iiclr-17591	193	1	the	the	DET
iiclr-17591	193	2	proposal	proposal	NOUN
iiclr-17591	193	3	for	for	ADP
iiclr-17591	193	4	a	a	DET
iiclr-17591	193	5	fifth	fifth	ADJ
iiclr-17591	193	6	european	european	ADJ
iiclr-17591	193	7	directive	directive	NOUN
iiclr-17591	193	8	concerning	concern	VERB
iiclr-17591	193	9	"	"	PUNCT
iiclr-17591	193	10	the	the	DET
iiclr-17591	193	11	structure	structure	NOUN
iiclr-17591	193	12	of	of	ADP
iiclr-17591	193	13	public	public	ADJ
iiclr-17591	193	14	limited	limited	ADJ
iiclr-17591	193	15	companies	company	NOUN
iiclr-17591	193	16	,	,	PUNCT
iiclr-17591	193	17	and	and	CCONJ
iiclr-17591	193	18	the	the	DET
iiclr-17591	193	19	powers	power	NOUN
iiclr-17591	193	20	and	and	CCONJ
iiclr-17591	193	21	obligations	obligation	NOUN
iiclr-17591	193	22	of	of	ADP
iiclr-17591	193	23	their	their	PRON
iiclr-17591	193	24	organs	organ	NOUN
iiclr-17591	193	25	,	,	PUNCT
iiclr-17591	193	26	"	"	PUNCT
iiclr-17591	193	27	which	which	PRON
iiclr-17591	193	28	would	would	AUX
iiclr-17591	193	29	be	be	AUX
iiclr-17591	193	30	the	the	DET
iiclr-17591	193	31	central	central	ADJ
iiclr-17591	193	32	text	text	NOUN
iiclr-17591	193	33	on	on	ADP
iiclr-17591	193	34	european	european	ADJ
iiclr-17591	193	35	corporate	corporate	ADJ
iiclr-17591	193	36	governance	governance	NOUN
iiclr-17591	193	37	,	,	PUNCT
iiclr-17591	193	38	has	have	AUX
iiclr-17591	193	39	proven	prove	VERB
iiclr-17591	193	40	very	very	ADV
iiclr-17591	193	41	difficult	difficult	ADJ
iiclr-17591	193	42	for	for	SCONJ
iiclr-17591	193	43	the	the	DET
iiclr-17591	193	44	member	member	NOUN
iiclr-17591	193	45	states	state	NOUN
iiclr-17591	193	46	to	to	PART
iiclr-17591	193	47	reach	reach	VERB
iiclr-17591	193	48	agreement	agreement	NOUN
iiclr-17591	193	49	on	on	ADP
iiclr-17591	193	50	,	,	PUNCT
iiclr-17591	193	51	and	and	CCONJ
iiclr-17591	193	52	it	it	PRON
iiclr-17591	193	53	is	be	AUX
iiclr-17591	193	54	very	very	ADV
iiclr-17591	193	55	likely	likely	ADJ
iiclr-17591	193	56	that	that	SCONJ
iiclr-17591	193	57	it	it	PRON
iiclr-17591	193	58	will	will	AUX
iiclr-17591	193	59	not	not	PART
iiclr-17591	193	60	be	be	AUX
iiclr-17591	193	61	adopted	adopt	VERB
iiclr-17591	193	62	in	in	ADP
iiclr-17591	193	63	the	the	DET
iiclr-17591	193	64	near	near	ADJ
iiclr-17591	193	65	future	future	NOUN
iiclr-17591	193	66	,	,	PUNCT
iiclr-17591	193	67	if	if	SCONJ
iiclr-17591	193	68	ever	ever	ADV
iiclr-17591	193	69	.	.	PUNCT
iiclr-17591	193	70	'	'	PUNCT
iiclr-17591	194	1	should	should	AUX
iiclr-17591	194	2	such	such	DET
iiclr-17591	194	3	a	a	DET
iiclr-17591	194	4	directive	directive	NOUN
iiclr-17591	194	5	be	be	AUX
iiclr-17591	194	6	adopted	adopt	VERB
iiclr-17591	194	7	,	,	PUNCT
iiclr-17591	194	8	some	some	DET
iiclr-17591	194	9	corporate	corporate	ADJ
iiclr-17591	194	10	governance	governance	NOUN
iiclr-17591	194	11	rules	rule	NOUN
iiclr-17591	194	12	would	would	AUX
iiclr-17591	194	13	change	change	VERB
iiclr-17591	194	14	,	,	PUNCT
iiclr-17591	194	15	but	but	CCONJ
iiclr-17591	194	16	,	,	PUNCT
iiclr-17591	194	17	except	except	SCONJ
iiclr-17591	194	18	for	for	ADP
iiclr-17591	194	19	the	the	DET
iiclr-17591	194	20	very	very	ADV
iiclr-17591	194	21	unlikely	unlikely	ADJ
iiclr-17591	194	22	case	case	NOUN
iiclr-17591	194	23	that	that	SCONJ
iiclr-17591	194	24	the	the	DET
iiclr-17591	194	25	german	german	ADJ
iiclr-17591	194	26	model	model	NOUN
iiclr-17591	194	27	(	(	PUNCT
iiclr-17591	194	28	b	b	NOUN
iiclr-17591	194	29	)	)	PUNCT
iiclr-17591	194	30	law	law	NOUN
iiclr-17591	194	31	of	of	ADP
iiclr-17591	194	32	mar	mar	PROPN
iiclr-17591	194	33	.	.	PROPN
iiclr-17591	194	34	23	23	NUM
iiclr-17591	194	35	,	,	PUNCT
iiclr-17591	194	36	1983	1983	NUM
iiclr-17591	194	37	,	,	PUNCT
iiclr-17591	194	38	no	no	INTJ
iiclr-17591	194	39	.	.	NOUN
iiclr-17591	194	40	77	77	NUM
iiclr-17591	194	41	,	,	PUNCT
iiclr-17591	194	42	on	on	ADP
iiclr-17591	194	43	open	open	ADJ
iiclr-17591	194	44	-	-	PUNCT
iiclr-17591	194	45	end	end	NOUN
iiclr-17591	194	46	mutual	mutual	ADJ
iiclr-17591	194	47	funds	fund	NOUN
iiclr-17591	194	48	,	,	PUNCT
iiclr-17591	194	49	extensively	extensively	ADV
iiclr-17591	194	50	amended	amend	VERB
iiclr-17591	194	51	in	in	ADP
iiclr-17591	194	52	1992	1992	NUM
iiclr-17591	194	53	to	to	PART
iiclr-17591	194	54	implement	implement	VERB
iiclr-17591	194	55	two	two	NUM
iiclr-17591	194	56	european	european	ADJ
iiclr-17591	194	57	directives	directive	NOUN
iiclr-17591	194	58	on	on	ADP
iiclr-17591	194	59	the	the	DET
iiclr-17591	194	60	matter	matter	NOUN
iiclr-17591	194	61	;	;	PUNCT
iiclr-17591	194	62	(	(	PUNCT
iiclr-17591	194	63	c	c	X
iiclr-17591	194	64	)	)	PUNCT
iiclr-17591	194	65	law	law	NOUN
iiclr-17591	194	66	of	of	ADP
iiclr-17591	194	67	jan	jan	PROPN
iiclr-17591	194	68	.	.	PROPN
iiclr-17591	194	69	2	2	NUM
iiclr-17591	194	70	,	,	PUNCT
iiclr-17591	194	71	1991	1991	NUM
iiclr-17591	194	72	,	,	PUNCT
iiclr-17591	194	73	no	no	INTJ
iiclr-17591	194	74	.	.	NOUN
iiclr-17591	194	75	1	1	NUM
iiclr-17591	194	76	,	,	PUNCT
iiclr-17591	194	77	on	on	ADP
iiclr-17591	194	78	the	the	DET
iiclr-17591	194	79	financial	financial	ADJ
iiclr-17591	194	80	market	market	NOUN
iiclr-17591	194	81	and	and	CCONJ
iiclr-17591	194	82	on	on	ADP
iiclr-17591	194	83	societi	societi	PROPN
iiclr-17591	194	84	)	)	PUNCT
iiclr-17591	194	85	di	di	NOUN
iiclr-17591	194	86	intermediazione	intermediazione	NOUN
iiclr-17591	194	87	mobiliare	mobiliare	NOUN
iiclr-17591	194	88	,	,	PUNCT
iiclr-17591	194	89	general	general	ADJ
iiclr-17591	194	90	name	name	NOUN
iiclr-17591	194	91	for	for	ADP
iiclr-17591	194	92	companies	company	NOUN
iiclr-17591	194	93	engaged	engage	VERB
iiclr-17591	194	94	in	in	ADP
iiclr-17591	194	95	the	the	DET
iiclr-17591	194	96	business	business	NOUN
iiclr-17591	194	97	of	of	ADP
iiclr-17591	194	98	broker	broker	NOUN
iiclr-17591	194	99	-	-	PUNCT
iiclr-17591	194	100	dealer	dealer	NOUN
iiclr-17591	194	101	,	,	PUNCT
iiclr-17591	194	102	financial	financial	ADJ
iiclr-17591	194	103	advisor	advisor	NOUN
iiclr-17591	194	104	,	,	PUNCT
iiclr-17591	194	105	etc	etc	X
iiclr-17591	194	106	.	.	X
iiclr-17591	194	107	(	(	PUNCT
iiclr-17591	194	108	apart	apart	ADV
iiclr-17591	194	109	from	from	ADP
iiclr-17591	194	110	two	two	NUM
iiclr-17591	194	111	categories	category	NOUN
iiclr-17591	194	112	partially	partially	ADV
iiclr-17591	194	113	"	"	PUNCT
iiclr-17591	194	114	grandfathered	grandfathere	VERB
iiclr-17591	194	115	"	"	PUNCT
iiclr-17591	194	116	by	by	ADP
iiclr-17591	194	117	the	the	DET
iiclr-17591	194	118	law	law	NOUN
iiclr-17591	194	119	,	,	PUNCT
iiclr-17591	194	120	only	only	ADV
iiclr-17591	194	121	societ6	societ6	NOUN
iiclr-17591	194	122	di	di	X
iiclr-17591	194	123	intermediazione	intermediazione	NOUN
iiclr-17591	194	124	mobiliare	mobiliare	NOUN
iiclr-17591	194	125	and	and	CCONJ
iiclr-17591	194	126	banks	bank	NOUN
iiclr-17591	194	127	can	can	AUX
iiclr-17591	194	128	publicly	publicly	ADV
iiclr-17591	194	129	perform	perform	VERB
iiclr-17591	194	130	such	such	ADJ
iiclr-17591	194	131	activities	activity	NOUN
iiclr-17591	194	132	)	)	PUNCT
iiclr-17591	194	133	;	;	PUNCT
iiclr-17591	194	134	(	(	PUNCT
iiclr-17591	194	135	d	d	X
iiclr-17591	194	136	)	)	PUNCT
iiclr-17591	194	137	legislative	legislative	ADJ
iiclr-17591	194	138	decree	decree	NOUN
iiclr-17591	194	139	of	of	ADP
iiclr-17591	194	140	apr	apr	PROPN
iiclr-17591	194	141	.	.	PROPN
iiclr-17591	195	1	9	9	NUM
iiclr-17591	195	2	,	,	PUNCT
iiclr-17591	195	3	no	no	INTJ
iiclr-17591	195	4	.	.	NOUN
iiclr-17591	195	5	127	127	NUM
iiclr-17591	195	6	,	,	PUNCT
iiclr-17591	195	7	on	on	ADP
iiclr-17591	195	8	consolidated	consolidated	ADJ
iiclr-17591	195	9	financial	financial	ADJ
iiclr-17591	195	10	reports	report	NOUN
iiclr-17591	195	11	[	[	X
iiclr-17591	195	12	a	a	DET
iiclr-17591	195	13	legislative	legislative	ADJ
iiclr-17591	195	14	decree	decree	NOUN
iiclr-17591	195	15	is	be	AUX
iiclr-17591	195	16	enacted	enact	VERB
iiclr-17591	195	17	by	by	ADP
iiclr-17591	195	18	the	the	DET
iiclr-17591	195	19	government	government	NOUN
iiclr-17591	195	20	on	on	ADP
iiclr-17591	195	21	delegation	delegation	NOUN
iiclr-17591	195	22	of	of	ADP
iiclr-17591	195	23	powers	power	NOUN
iiclr-17591	195	24	by	by	ADP
iiclr-17591	195	25	the	the	DET
iiclr-17591	195	26	parliament	parliament	NOUN
iiclr-17591	195	27	and	and	CCONJ
iiclr-17591	195	28	is	be	AUX
iiclr-17591	195	29	equal	equal	ADJ
iiclr-17591	195	30	in	in	ADP
iiclr-17591	195	31	authority	authority	NOUN
iiclr-17591	195	32	to	to	ADP
iiclr-17591	195	33	a	a	DET
iiclr-17591	195	34	law	law	NOUN
iiclr-17591	195	35	]	]	PUNCT
iiclr-17591	195	36	;	;	PUNCT
iiclr-17591	195	37	(	(	PUNCT
iiclr-17591	195	38	e	e	NOUN
iiclr-17591	195	39	)	)	PUNCT
iiclr-17591	195	40	law	law	NOUN
iiclr-17591	195	41	of	of	ADP
iiclr-17591	195	42	may	may	PROPN
iiclr-17591	195	43	17	17	NUM
iiclr-17591	195	44	,	,	PUNCT
iiclr-17591	195	45	1991	1991	NUM
iiclr-17591	195	46	,	,	PUNCT
iiclr-17591	195	47	no	no	INTJ
iiclr-17591	195	48	.	.	NOUN
iiclr-17591	195	49	157	157	NUM
iiclr-17591	195	50	,	,	PUNCT
iiclr-17591	195	51	on	on	ADP
iiclr-17591	195	52	insider	insider	NOUN
iiclr-17591	195	53	trading	trading	NOUN
iiclr-17591	195	54	;	;	PUNCT
iiclr-17591	195	55	(	(	PUNCT
iiclr-17591	195	56	f	f	X
iiclr-17591	195	57	)	)	PUNCT
iiclr-17591	195	58	legislative	legislative	ADJ
iiclr-17591	195	59	decree	decree	NOUN
iiclr-17591	195	60	of	of	ADP
iiclr-17591	195	61	]	]	X
iiclr-17591	195	62	an	an	X
iiclr-17591	195	63	.	.	NOUN
iiclr-17591	195	64	27	27	NUM
iiclr-17591	195	65	,	,	PUNCT
iiclr-17591	195	66	1992	1992	NUM
iiclr-17591	195	67	,	,	PUNCT
iiclr-17591	195	68	no	no	INTJ
iiclr-17591	195	69	.	.	NOUN
iiclr-17591	195	70	88	88	NUM
iiclr-17591	195	71	,	,	PUNCT
iiclr-17591	195	72	on	on	ADP
iiclr-17591	195	73	revisori	revisori	NOUN
iiclr-17591	195	74	contabili	contabili	NOUN
iiclr-17591	196	1	[	[	X
iiclr-17591	196	2	auditors	auditor	NOUN
iiclr-17591	196	3	]	]	X
iiclr-17591	196	4	:	:	PUNCT
iiclr-17591	196	5	(	(	PUNCT
iiclr-17591	196	6	g	g	NOUN
iiclr-17591	196	7	)	)	PUNCT
iiclr-17591	196	8	law	law	NOUN
iiclr-17591	196	9	of	of	ADP
iiclr-17591	196	10	feb	feb	PROPN
iiclr-17591	196	11	.	.	PROPN
iiclr-17591	196	12	18	18	NUM
iiclr-17591	196	13	,	,	PUNCT
iiclr-17591	196	14	1992	1992	NUM
iiclr-17591	196	15	,	,	PUNCT
iiclr-17591	196	16	no	no	INTJ
iiclr-17591	196	17	.	.	NOUN
iiclr-17591	196	18	149	149	NUM
iiclr-17591	196	19	,	,	PUNCT
iiclr-17591	196	20	on	on	ADP
iiclr-17591	196	21	tender	tender	ADJ
iiclr-17591	196	22	offers	offer	NOUN
iiclr-17591	196	23	;	;	PUNCT
iiclr-17591	196	24	(	(	PUNCT
iiclr-17591	196	25	h	h	NOUN
iiclr-17591	196	26	)	)	PUNCT
iiclr-17591	196	27	legislative	legislative	ADJ
iiclr-17591	196	28	decree	decree	NOUN
iiclr-17591	196	29	of	of	ADP
iiclr-17591	196	30	apr	apr	PROPN
iiclr-17591	196	31	.	.	PROPN
iiclr-17591	196	32	21	21	NUM
iiclr-17591	196	33	,	,	PUNCT
iiclr-17591	196	34	1993	1993	NUM
iiclr-17591	196	35	,	,	PUNCT
iiclr-17591	196	36	no	no	INTJ
iiclr-17591	196	37	.	.	NOUN
iiclr-17591	196	38	124	124	NUM
iiclr-17591	196	39	,	,	PUNCT
iiclr-17591	196	40	on	on	ADP
iiclr-17591	196	41	private	private	ADJ
iiclr-17591	196	42	pension	pension	NOUN
iiclr-17591	196	43	funds	fund	NOUN
iiclr-17591	196	44	;	;	PUNCT
iiclr-17591	196	45	(	(	PUNCT
iiclr-17591	196	46	i	i	NOUN
iiclr-17591	196	47	)	)	PUNCT
iiclr-17591	196	48	law	law	NOUN
iiclr-17591	196	49	of	of	ADP
iiclr-17591	196	50	aug	aug	PROPN
iiclr-17591	196	51	.	.	PROPN
iiclr-17591	196	52	14	14	NUM
iiclr-17591	196	53	,	,	PUNCT
iiclr-17591	196	54	1993	1993	NUM
iiclr-17591	196	55	,	,	PUNCT
iiclr-17591	196	56	no	no	INTJ
iiclr-17591	196	57	.	.	NOUN
iiclr-17591	196	58	344	344	NUM
iiclr-17591	196	59	,	,	PUNCT
iiclr-17591	196	60	on	on	ADP
iiclr-17591	196	61	closed	close	VERB
iiclr-17591	196	62	-	-	PUNCT
iiclr-17591	196	63	end	end	NOUN
iiclr-17591	196	64	mutual	mutual	ADJ
iiclr-17591	196	65	funds	fund	NOUN
iiclr-17591	196	66	.	.	PUNCT
iiclr-17591	197	1	13	13	NUM
iiclr-17591	197	2	.	.	PUNCT
iiclr-17591	198	1	we	we	PRON
iiclr-17591	198	2	will	will	AUX
iiclr-17591	198	3	deal	deal	VERB
iiclr-17591	198	4	with	with	ADP
iiclr-17591	198	5	each	each	PRON
iiclr-17591	198	6	of	of	ADP
iiclr-17591	198	7	these	these	DET
iiclr-17591	198	8	organs	organ	NOUN
iiclr-17591	198	9	later	later	ADV
iiclr-17591	198	10	.	.	PUNCT
iiclr-17591	199	1	14	14	NUM
iiclr-17591	199	2	.	.	PUNCT
iiclr-17591	200	1	this	this	PRON
iiclr-17591	200	2	is	be	AUX
iiclr-17591	200	3	the	the	DET
iiclr-17591	200	4	forecast	forecast	NOUN
iiclr-17591	200	5	of	of	ADP
iiclr-17591	200	6	coopers	coopers	PROPN
iiclr-17591	200	7	&	&	CCONJ
iiclr-17591	200	8	lybrand	lybrand	PROPN
iiclr-17591	200	9	,	,	PUNCT
iiclr-17591	200	10	ec	ec	PROPN
iiclr-17591	200	11	commentaries	commentary	NOUN
iiclr-17591	200	12	,	,	PUNCT
iiclr-17591	200	13	mar	mar	PROPN
iiclr-17591	200	14	.	.	PROPN
iiclr-17591	200	15	2	2	NUM
iiclr-17591	200	16	,	,	PUNCT
iiclr-17591	200	17	1995	1995	NUM
iiclr-17591	200	18	,	,	PUNCT
iiclr-17591	200	19	available	available	ADJ
iiclr-17591	200	20	in	in	ADP
iiclr-17591	200	21	lexis	lexis	NOUN
iiclr-17591	200	22	,	,	PUNCT
iiclr-17591	200	23	world	world	NOUN
iiclr-17591	200	24	library	library	NOUN
iiclr-17591	200	25	,	,	PUNCT
iiclr-17591	200	26	allwld	allwld	NOUN
iiclr-17591	200	27	file	file	NOUN
iiclr-17591	200	28	.	.	PUNCT
iiclr-17591	201	1	the	the	DET
iiclr-17591	201	2	last	last	ADJ
iiclr-17591	201	3	official	official	ADJ
iiclr-17591	201	4	steps	step	NOUN
iiclr-17591	201	5	on	on	ADP
iiclr-17591	201	6	the	the	DET
iiclr-17591	201	7	subject	subject	NOUN
iiclr-17591	201	8	were	be	AUX
iiclr-17591	201	9	a	a	DET
iiclr-17591	201	10	vote	vote	NOUN
iiclr-17591	201	11	of	of	ADP
iiclr-17591	201	12	the	the	DET
iiclr-17591	201	13	european	european	ADJ
iiclr-17591	201	14	parliament	parliament	NOUN
iiclr-17591	201	15	on	on	ADP
iiclr-17591	201	16	the	the	DET
iiclr-17591	201	17	second	second	ADJ
iiclr-17591	201	18	draft	draft	NOUN
iiclr-17591	201	19	proposal	proposal	NOUN
iiclr-17591	201	20	of	of	ADP
iiclr-17591	201	21	second	second	ADJ
iiclr-17591	201	22	amendment	amendment	NOUN
iiclr-17591	201	23	,	,	PUNCT
iiclr-17591	201	24	on	on	ADP
iiclr-17591	201	25	july	july	PROPN
iiclr-17591	201	26	10	10	NUM
iiclr-17591	201	27	,	,	PUNCT
iiclr-17591	201	28	1991	1991	NUM
iiclr-17591	201	29	,	,	PUNCT
iiclr-17591	201	30	and	and	CCONJ
iiclr-17591	201	31	a	a	DET
iiclr-17591	201	32	third	third	ADJ
iiclr-17591	201	33	amendment	amendment	NOUN
iiclr-17591	201	34	to	to	ADP
iiclr-17591	201	35	the	the	DET
iiclr-17591	201	36	proposal	proposal	NOUN
iiclr-17591	201	37	made	make	VERB
iiclr-17591	201	38	by	by	ADP
iiclr-17591	201	39	the	the	DET
iiclr-17591	201	40	commission	commission	NOUN
iiclr-17591	201	41	in	in	ADP
iiclr-17591	201	42	the	the	DET
iiclr-17591	201	43	fall	fall	NOUN
iiclr-17591	201	44	of	of	ADP
iiclr-17591	201	45	1991	1991	NUM
iiclr-17591	201	46	.	.	PUNCT
iiclr-17591	202	1	the	the	DET
iiclr-17591	202	2	proposal	proposal	NOUN
iiclr-17591	202	3	,	,	PUNCT
iiclr-17591	202	4	however	however	ADV
iiclr-17591	202	5	,	,	PUNCT
iiclr-17591	202	6	has	have	AUX
iiclr-17591	202	7	not	not	PART
iiclr-17591	202	8	been	be	AUX
iiclr-17591	202	9	included	include	VERB
iiclr-17591	202	10	in	in	ADP
iiclr-17591	202	11	the	the	DET
iiclr-17591	202	12	list	list	NOUN
iiclr-17591	202	13	of	of	ADP
iiclr-17591	202	14	those	those	PRON
iiclr-17591	202	15	to	to	PART
iiclr-17591	202	16	be	be	AUX
iiclr-17591	202	17	scrapped	scrap	VERB
iiclr-17591	202	18	or	or	CCONJ
iiclr-17591	202	19	amended	amend	VERB
iiclr-17591	202	20	under	under	ADP
iiclr-17591	202	21	the	the	DET
iiclr-17591	202	22	european	european	PROPN
iiclr-17591	202	23	community	community	PROPN
iiclr-17591	202	24	"	"	PUNCT
iiclr-17591	202	25	subsidiarity	subsidiarity	NOUN
iiclr-17591	202	26	drive	drive	NOUN
iiclr-17591	202	27	"	"	PUNCT
iiclr-17591	202	28	that	that	PRON
iiclr-17591	202	29	followed	follow	VERB
iiclr-17591	202	30	the	the	DET
iiclr-17591	202	31	resistance	resistance	NOUN
iiclr-17591	202	32	encountered	encounter	VERB
iiclr-17591	202	33	by	by	ADP
iiclr-17591	202	34	the	the	DET
iiclr-17591	202	35	maastricht	maastricht	PROPN
iiclr-17591	202	36	treaty	treaty	NOUN
iiclr-17591	202	37	in	in	ADP
iiclr-17591	202	38	1992	1992	NUM
iiclr-17591	202	39	(	(	PUNCT
iiclr-17591	202	40	source	source	NOUN
iiclr-17591	202	41	:	:	PUNCT
iiclr-17591	202	42	r	r	NOUN
iiclr-17591	202	43	-	-	PUNCT
iiclr-17591	202	44	ter	ter	NOUN
iiclr-17591	202	45	textline	textline	NOUN
iiclr-17591	202	46	,	,	PUNCT
iiclr-17591	202	47	dec	dec	PROPN
iiclr-17591	202	48	.	.	PROPN
iiclr-17591	202	49	9	9	NUM
iiclr-17591	202	50	,	,	PUNCT
iiclr-17591	202	51	1992	1992	NUM
iiclr-17591	202	52	,	,	PUNCT
iiclr-17591	202	53	available	available	ADJ
iiclr-17591	202	54	in	in	ADP
iiclr-17591	202	55	lexis	lexis	NOUN
iiclr-17591	202	56	,	,	PUNCT
iiclr-17591	202	57	world	world	NOUN
iiclr-17591	202	58	library	library	NOUN
iiclr-17591	202	59	,	,	PUNCT
iiclr-17591	202	60	allwld	allwld	NOUN
iiclr-17591	202	61	file	file	NOUN
iiclr-17591	202	62	)	)	PUNCT
iiclr-17591	202	63	.	.	PUNCT
iiclr-17591	203	1	the	the	DET
iiclr-17591	203	2	most	most	ADV
iiclr-17591	203	3	difficult	difficult	ADJ
iiclr-17591	203	4	subject	subject	NOUN
iiclr-17591	203	5	has	have	AUX
iiclr-17591	203	6	proven	prove	VERB
iiclr-17591	203	7	to	to	PART
iiclr-17591	203	8	be	be	AUX
iiclr-17591	203	9	the	the	DET
iiclr-17591	203	10	role	role	NOUN
iiclr-17591	203	11	of	of	ADP
iiclr-17591	203	12	workers	worker	NOUN
iiclr-17591	203	13	in	in	ADP
iiclr-17591	203	14	corporate	corporate	ADJ
iiclr-17591	203	15	governance	governance	NOUN
iiclr-17591	203	16	.	.	PUNCT
iiclr-17591	204	1	[	[	X
iiclr-17591	204	2	vol	vol	NOUN
iiclr-17591	204	3	.	.	PUNCT
iiclr-17591	205	1	6:1	6:1	NUM
iiclr-17591	205	2	corporate	corporate	ADJ
iiclr-17591	205	3	governance	governance	NOUN
iiclr-17591	205	4	in	in	ADP
iiclr-17591	205	5	italy	italy	PROPN
iiclr-17591	205	6	of	of	ADP
iiclr-17591	205	7	workers	worker	NOUN
iiclr-17591	205	8	'	'	PART
iiclr-17591	205	9	codetermination	codetermination	NOUN
iiclr-17591	205	10	is	be	AUX
iiclr-17591	205	11	mandated	mandate	VERB
iiclr-17591	205	12	by	by	ADP
iiclr-17591	205	13	the	the	DET
iiclr-17591	205	14	directive	directive	NOUN
iiclr-17591	205	15	,	,	PUNCT
iiclr-17591	205	16	a	a	DET
iiclr-17591	205	17	complete	complete	ADJ
iiclr-17591	205	18	revolution	revolution	NOUN
iiclr-17591	205	19	would	would	AUX
iiclr-17591	205	20	probably	probably	ADV
iiclr-17591	205	21	not	not	PART
iiclr-17591	205	22	occur	occur	VERB
iiclr-17591	205	23	.	.	PUNCT
iiclr-17591	206	1	second	second	ADV
iiclr-17591	206	2	,	,	PUNCT
iiclr-17591	206	3	the	the	DET
iiclr-17591	206	4	development	development	NOUN
iiclr-17591	206	5	of	of	ADP
iiclr-17591	206	6	financial	financial	ADJ
iiclr-17591	206	7	markets	market	NOUN
iiclr-17591	206	8	has	have	AUX
iiclr-17591	206	9	been	be	AUX
iiclr-17591	206	10	substantial	substantial	ADJ
iiclr-17591	206	11	,	,	PUNCT
iiclr-17591	206	12	but	but	CCONJ
iiclr-17591	206	13	it	it	PRON
iiclr-17591	206	14	has	have	AUX
iiclr-17591	206	15	turned	turn	VERB
iiclr-17591	206	16	out	out	ADP
iiclr-17591	206	17	to	to	PART
iiclr-17591	206	18	be	be	AUX
iiclr-17591	206	19	compatible	compatible	ADJ
iiclr-17591	206	20	with	with	ADP
iiclr-17591	206	21	,	,	PUNCT
iiclr-17591	206	22	or	or	CCONJ
iiclr-17591	206	23	has	have	AUX
iiclr-17591	206	24	adapted	adapt	VERB
iiclr-17591	206	25	to	to	ADP
iiclr-17591	206	26	,	,	PUNCT
iiclr-17591	206	27	the	the	DET
iiclr-17591	206	28	old	old	ADJ
iiclr-17591	206	29	rules	rule	NOUN
iiclr-17591	206	30	of	of	ADP
iiclr-17591	206	31	governance	governance	NOUN
iiclr-17591	206	32	.	.	PUNCT
iiclr-17591	207	1	as	as	SCONJ
iiclr-17591	207	2	we	we	PRON
iiclr-17591	207	3	will	will	AUX
iiclr-17591	207	4	see	see	VERB
iiclr-17591	207	5	later	later	ADV
iiclr-17591	207	6	,	,	PUNCT
iiclr-17591	207	7	the	the	DET
iiclr-17591	207	8	system	system	NOUN
iiclr-17591	207	9	of	of	ADP
iiclr-17591	207	10	corporate	corporate	ADJ
iiclr-17591	207	11	governance	governance	NOUN
iiclr-17591	207	12	was	be	AUX
iiclr-17591	207	13	conceived	conceive	VERB
iiclr-17591	207	14	with	with	ADP
iiclr-17591	207	15	a	a	DET
iiclr-17591	207	16	strong	strong	ADJ
iiclr-17591	207	17	monitoring	monitoring	NOUN
iiclr-17591	207	18	role	role	NOUN
iiclr-17591	207	19	of	of	ADP
iiclr-17591	207	20	the	the	DET
iiclr-17591	207	21	shareholders	shareholder	NOUN
iiclr-17591	207	22	in	in	ADP
iiclr-17591	207	23	mind	mind	NOUN
iiclr-17591	207	24	(	(	PUNCT
iiclr-17591	207	25	even	even	ADV
iiclr-17591	207	26	in	in	ADP
iiclr-17591	207	27	listed	list	VERB
iiclr-17591	207	28	companies	company	NOUN
iiclr-17591	207	29	)	)	PUNCT
iiclr-17591	207	30	,	,	PUNCT
iiclr-17591	207	31	and	and	CCONJ
iiclr-17591	207	32	this	this	PRON
iiclr-17591	207	33	continues	continue	VERB
iiclr-17591	207	34	to	to	PART
iiclr-17591	207	35	be	be	AUX
iiclr-17591	207	36	true	true	ADJ
iiclr-17591	207	37	.	.	PUNCT
iiclr-17591	208	1	in	in	ADP
iiclr-17591	208	2	every	every	DET
iiclr-17591	208	3	italian	italian	ADJ
iiclr-17591	208	4	company	company	NOUN
iiclr-17591	208	5	,	,	PUNCT
iiclr-17591	208	6	publicly	publicly	ADV
iiclr-17591	208	7	or	or	CCONJ
iiclr-17591	208	8	privately	privately	ADV
iiclr-17591	208	9	held	hold	VERB
iiclr-17591	208	10	,	,	PUNCT
iiclr-17591	208	11	there	there	PRON
iiclr-17591	208	12	is	be	VERB
iiclr-17591	208	13	a	a	DET
iiclr-17591	208	14	controlling	control	VERB
iiclr-17591	208	15	shareholder	shareholder	NOUN
iiclr-17591	208	16	or	or	CCONJ
iiclr-17591	208	17	a	a	DET
iiclr-17591	208	18	group	group	NOUN
iiclr-17591	208	19	of	of	ADP
iiclr-17591	208	20	influential	influential	ADJ
iiclr-17591	208	21	shareholders	shareholder	NOUN
iiclr-17591	208	22	tied	tie	VERB
iiclr-17591	208	23	by	by	ADP
iiclr-17591	208	24	strong	strong	ADJ
iiclr-17591	208	25	economic	economic	ADJ
iiclr-17591	208	26	and	and	CCONJ
iiclr-17591	208	27	contractual	contractual	ADJ
iiclr-17591	208	28	relationships	relationship	NOUN
iiclr-17591	208	29	.	.	PUNCT
iiclr-17591	209	1	the	the	DET
iiclr-17591	209	2	public	public	ADJ
iiclr-17591	209	3	company	company	NOUN
iiclr-17591	209	4	,	,	PUNCT
iiclr-17591	209	5	as	as	SCONJ
iiclr-17591	209	6	studied	study	VERB
iiclr-17591	209	7	by	by	ADP
iiclr-17591	209	8	adolf	adolf	PROPN
iiclr-17591	209	9	berle	berle	PROPN
iiclr-17591	209	10	and	and	CCONJ
iiclr-17591	209	11	gardiner	gardiner	PROPN
iiclr-17591	209	12	means	mean	VERB
iiclr-17591	209	13	,	,	PUNCT
iiclr-17591	209	14	'	'	PUNCT
iiclr-17591	209	15	"	"	PUNCT
iiclr-17591	209	16	and	and	CCONJ
iiclr-17591	209	17	recently	recently	ADV
iiclr-17591	209	18	by	by	ADP
iiclr-17591	209	19	mark	mark	PROPN
iiclr-17591	209	20	roe	roe	PROPN
iiclr-17591	209	21	,	,	PUNCT
iiclr-17591	209	22	6	6	NUM
iiclr-17591	209	23	does	do	AUX
iiclr-17591	209	24	not	not	PART
iiclr-17591	209	25	exist	exist	VERB
iiclr-17591	209	26	in	in	ADP
iiclr-17591	209	27	italy	italy	PROPN
iiclr-17591	209	28	.	.	PUNCT
iiclr-17591	210	1	the	the	DET
iiclr-17591	210	2	vigorous	vigorous	ADJ
iiclr-17591	210	3	development	development	NOUN
iiclr-17591	210	4	of	of	ADP
iiclr-17591	210	5	italy	italy	PROPN
iiclr-17591	210	6	,	,	PUNCT
iiclr-17591	210	7	which	which	PRON
iiclr-17591	210	8	has	have	AUX
iiclr-17591	210	9	led	lead	VERB
iiclr-17591	210	10	it	it	PRON
iiclr-17591	210	11	to	to	PART
iiclr-17591	210	12	become	become	VERB
iiclr-17591	210	13	the	the	DET
iiclr-17591	210	14	fifth	fifth	ADJ
iiclr-17591	210	15	industrial	industrial	ADJ
iiclr-17591	210	16	power	power	NOUN
iiclr-17591	210	17	in	in	ADP
iiclr-17591	210	18	the	the	DET
iiclr-17591	210	19	world	world	NOUN
iiclr-17591	210	20	,	,	PUNCT
iiclr-17591	210	21	7	7	NUM
iiclr-17591	210	22	has	have	AUX
iiclr-17591	210	23	put	put	VERB
iiclr-17591	210	24	the	the	DET
iiclr-17591	210	25	italian	italian	ADJ
iiclr-17591	210	26	corporate	corporate	ADJ
iiclr-17591	210	27	structure	structure	NOUN
iiclr-17591	210	28	on	on	ADP
iiclr-17591	210	29	a	a	DET
iiclr-17591	210	30	path	path	NOUN
iiclr-17591	210	31	different	different	ADJ
iiclr-17591	210	32	from	from	ADP
iiclr-17591	210	33	the	the	DET
iiclr-17591	210	34	american	american	ADJ
iiclr-17591	210	35	one	one	PROPN
iiclr-17591	210	36	.	.	PUNCT
iiclr-17591	211	1	let	let	VERB
iiclr-17591	211	2	us	we	PRON
iiclr-17591	211	3	start	start	VERB
iiclr-17591	211	4	with	with	ADP
iiclr-17591	211	5	a	a	DET
iiclr-17591	211	6	look	look	NOUN
iiclr-17591	211	7	at	at	ADP
iiclr-17591	211	8	the	the	DET
iiclr-17591	211	9	substantive	substantive	ADJ
iiclr-17591	211	10	rules	rule	NOUN
iiclr-17591	211	11	;	;	PUNCT
iiclr-17591	211	12	first	first	ADV
iiclr-17591	211	13	in	in	ADP
iiclr-17591	211	14	general	general	ADJ
iiclr-17591	211	15	,	,	PUNCT
iiclr-17591	211	16	and	and	CCONJ
iiclr-17591	211	17	then	then	ADV
iiclr-17591	211	18	with	with	ADP
iiclr-17591	211	19	particular	particular	ADJ
iiclr-17591	211	20	focus	focus	NOUN
iiclr-17591	211	21	on	on	ADP
iiclr-17591	211	22	the	the	DET
iiclr-17591	211	23	directors	director	NOUN
iiclr-17591	211	24	'	'	PART
iiclr-17591	211	25	liability	liability	NOUN
iiclr-17591	211	26	rules	rule	NOUN
iiclr-17591	211	27	.	.	PUNCT
iiclr-17591	212	1	then	then	ADV
iiclr-17591	212	2	,	,	PUNCT
iiclr-17591	212	3	we	we	PRON
iiclr-17591	212	4	will	will	AUX
iiclr-17591	212	5	move	move	VERB
iiclr-17591	212	6	to	to	ADP
iiclr-17591	212	7	the	the	DET
iiclr-17591	212	8	characteristic	characteristic	ADJ
iiclr-17591	212	9	patterns	pattern	NOUN
iiclr-17591	212	10	of	of	ADP
iiclr-17591	212	11	italian	italian	ADJ
iiclr-17591	212	12	corporate	corporate	ADJ
iiclr-17591	212	13	governance	governance	NOUN
iiclr-17591	212	14	using	use	VERB
iiclr-17591	212	15	some	some	DET
iiclr-17591	212	16	economic	economic	ADJ
iiclr-17591	212	17	and	and	CCONJ
iiclr-17591	212	18	statistical	statistical	ADJ
iiclr-17591	212	19	data	datum	NOUN
iiclr-17591	212	20	.	.	PUNCT
iiclr-17591	213	1	next	next	ADV
iiclr-17591	213	2	,	,	PUNCT
iiclr-17591	213	3	we	we	PRON
iiclr-17591	213	4	will	will	AUX
iiclr-17591	213	5	examine	examine	VERB
iiclr-17591	213	6	italian	italian	ADJ
iiclr-17591	213	7	corporate	corporate	ADJ
iiclr-17591	213	8	governance	governance	NOUN
iiclr-17591	213	9	law	law	NOUN
iiclr-17591	213	10	in	in	ADP
iiclr-17591	213	11	action	action	NOUN
iiclr-17591	213	12	,	,	PUNCT
iiclr-17591	213	13	looking	look	VERB
iiclr-17591	213	14	closely	closely	ADV
iiclr-17591	213	15	at	at	ADP
iiclr-17591	213	16	case	case	NOUN
iiclr-17591	213	17	law	law	NOUN
iiclr-17591	213	18	.	.	PUNCT
iiclr-17591	214	1	finally	finally	ADV
iiclr-17591	214	2	,	,	PUNCT
iiclr-17591	214	3	we	we	PRON
iiclr-17591	214	4	will	will	AUX
iiclr-17591	214	5	assess	assess	VERB
iiclr-17591	214	6	the	the	DET
iiclr-17591	214	7	suitability	suitability	NOUN
iiclr-17591	214	8	of	of	ADP
iiclr-17591	214	9	the	the	DET
iiclr-17591	214	10	present	present	ADJ
iiclr-17591	214	11	rules	rule	NOUN
iiclr-17591	214	12	of	of	ADP
iiclr-17591	214	13	directors	director	NOUN
iiclr-17591	214	14	'	'	PART
iiclr-17591	214	15	liability	liability	NOUN
iiclr-17591	214	16	for	for	ADP
iiclr-17591	214	17	the	the	DET
iiclr-17591	214	18	italian	italian	ADJ
iiclr-17591	214	19	system	system	NOUN
iiclr-17591	214	20	.	.	PUNCT
iiclr-17591	215	1	d.	d.	PROPN
iiclr-17591	215	2	the	the	DET
iiclr-17591	215	3	societh	societh	PROPN
iiclr-17591	215	4	per	per	ADP
iiclr-17591	215	5	azioni	azioni	PROPN
iiclr-17591	215	6	as	as	ADP
iiclr-17591	215	7	the	the	DET
iiclr-17591	215	8	model	model	NOUN
iiclr-17591	215	9	of	of	ADP
iiclr-17591	215	10	italian	italian	ADJ
iiclr-17591	215	11	corporate	corporate	ADJ
iiclr-17591	215	12	law	law	NOUN
iiclr-17591	215	13	:	:	PUNCT
iiclr-17591	215	14	the	the	DET
iiclr-17591	215	15	reasons	reason	NOUN
iiclr-17591	215	16	for	for	ADP
iiclr-17591	215	17	a	a	DET
iiclr-17591	215	18	choice	choice	NOUN
iiclr-17591	215	19	.	.	PUNCT
iiclr-17591	216	1	as	as	SCONJ
iiclr-17591	216	2	we	we	PRON
iiclr-17591	216	3	have	have	AUX
iiclr-17591	216	4	seen	see	VERB
iiclr-17591	216	5	before	before	ADV
iiclr-17591	216	6	,	,	PUNCT
iiclr-17591	216	7	the	the	DET
iiclr-17591	216	8	legislative	legislative	ADJ
iiclr-17591	216	9	model	model	NOUN
iiclr-17591	216	10	for	for	ADP
iiclr-17591	216	11	italian	italian	ADJ
iiclr-17591	216	12	corporate	corporate	ADJ
iiclr-17591	216	13	law	law	NOUN
iiclr-17591	216	14	is	be	AUX
iiclr-17591	216	15	the	the	DET
iiclr-17591	216	16	societii	societii	NOUN
iiclr-17591	216	17	per	per	ADP
iiclr-17591	216	18	azioni	azioni	PROPN
iiclr-17591	216	19	.	.	PUNCT
iiclr-17591	217	1	the	the	DET
iiclr-17591	217	2	disciplines	discipline	NOUN
iiclr-17591	217	3	of	of	ADP
iiclr-17591	217	4	the	the	DET
iiclr-17591	217	5	societi	societi	PROPN
iiclr-17591	217	6	in	in	ADP
iiclr-17591	217	7	accomandita	accomandita	NOUN
iiclr-17591	217	8	per	per	ADP
iiclr-17591	217	9	azioni	azioni	NOUN
iiclr-17591	217	10	and	and	CCONJ
iiclr-17591	217	11	the	the	DET
iiclr-17591	217	12	societn	societn	NOUN
iiclr-17591	217	13	a	a	DET
iiclr-17591	217	14	responsabiliti	responsabiliti	ADJ
iiclr-17591	217	15	limitata	limitata	NOUN
iiclr-17591	217	16	borrow	borrow	VERB
iiclr-17591	217	17	from	from	ADP
iiclr-17591	217	18	that	that	PRON
iiclr-17591	217	19	of	of	ADP
iiclr-17591	217	20	the	the	DET
iiclr-17591	217	21	societ'i	societ'i	PROPN
iiclr-17591	217	22	per	per	ADP
iiclr-17591	217	23	azioni	azioni	PROPN
iiclr-17591	217	24	,	,	PUNCT
iiclr-17591	217	25	the	the	DET
iiclr-17591	217	26	only	only	ADJ
iiclr-17591	217	27	one	one	NUM
iiclr-17591	217	28	of	of	ADP
iiclr-17591	217	29	the	the	DET
iiclr-17591	217	30	three	three	NUM
iiclr-17591	217	31	that	that	PRON
iiclr-17591	217	32	is	be	AUX
iiclr-17591	217	33	complete	complete	ADJ
iiclr-17591	217	34	and	and	CCONJ
iiclr-17591	217	35	self	self	NOUN
iiclr-17591	217	36	-	-	PUNCT
iiclr-17591	217	37	standing	standing	NOUN
iiclr-17591	217	38	.	.	PUNCT
iiclr-17591	218	1	moreover	moreover	ADV
iiclr-17591	218	2	,	,	PUNCT
iiclr-17591	218	3	even	even	ADV
iiclr-17591	218	4	if	if	SCONJ
iiclr-17591	218	5	the	the	DET
iiclr-17591	218	6	societa	societa	NOUN
iiclr-17591	218	7	a	a	DET
iiclr-17591	218	8	responsabilita	responsabilita	PROPN
iiclr-17591	218	9	limitata	limitata	PROPN
iiclr-17591	218	10	is	be	AUX
iiclr-17591	218	11	the	the	DET
iiclr-17591	218	12	dominant	dominant	ADJ
iiclr-17591	218	13	form	form	NOUN
iiclr-17591	218	14	,	,	PUNCT
iiclr-17591	218	15	"	"	PUNCT
iiclr-17591	218	16	'	'	PUNCT
iiclr-17591	218	17	it	it	PRON
iiclr-17591	218	18	is	be	AUX
iiclr-17591	218	19	less	less	ADV
iiclr-17591	218	20	and	and	CCONJ
iiclr-17591	218	21	less	less	ADV
iiclr-17591	218	22	common	common	ADJ
iiclr-17591	218	23	as	as	ADP
iiclr-17591	218	24	the	the	DET
iiclr-17591	218	25	firm	firm	NOUN
iiclr-17591	218	26	's	's	PART
iiclr-17591	218	27	size	size	NOUN
iiclr-17591	218	28	increases	increase	NOUN
iiclr-17591	218	29	.	.	PUNCT
iiclr-17591	219	1	its	its	PRON
iiclr-17591	219	2	capital	capital	NOUN
iiclr-17591	219	3	structure	structure	NOUN
iiclr-17591	219	4	is	be	AUX
iiclr-17591	219	5	limited	limit	VERB
iiclr-17591	219	6	to	to	ADP
iiclr-17591	219	7	one	one	NUM
iiclr-17591	219	8	class	class	NOUN
iiclr-17591	219	9	of	of	ADP
iiclr-17591	219	10	voting	voting	NOUN
iiclr-17591	219	11	shares,'9	shares,'9	NOUN
iiclr-17591	219	12	which	which	PRON
iiclr-17591	219	13	can	can	AUX
iiclr-17591	219	14	not	not	PART
iiclr-17591	219	15	be	be	AUX
iiclr-17591	219	16	transferred	transfer	VERB
iiclr-17591	219	17	15	15	NUM
iiclr-17591	219	18	.	.	PUNCT
iiclr-17591	220	1	adolf	adolf	PROPN
iiclr-17591	220	2	a.	a.	PROPN
iiclr-17591	220	3	berle	berle	PROPN
iiclr-17591	220	4	,	,	PUNCT
iiclr-17591	220	5	jr	jr	PROPN
iiclr-17591	220	6	.	.	PROPN
iiclr-17591	220	7	&	&	CCONJ
iiclr-17591	220	8	gardiner	gardiner	PROPN
iiclr-17591	220	9	c.	c.	PROPN
iiclr-17591	220	10	means	mean	VERB
iiclr-17591	220	11	,	,	PUNCT
iiclr-17591	220	12	the	the	DET
iiclr-17591	220	13	modern	modern	ADJ
iiclr-17591	220	14	corporation	corporation	NOUN
iiclr-17591	220	15	and	and	CCONJ
iiclr-17591	220	16	private	private	ADJ
iiclr-17591	220	17	property	property	NOUN
iiclr-17591	220	18	(	(	PUNCT
iiclr-17591	220	19	1932	1932	NUM
iiclr-17591	220	20	)	)	PUNCT
iiclr-17591	220	21	.	.	PUNCT
iiclr-17591	221	1	16	16	NUM
iiclr-17591	221	2	.	.	PUNCT
iiclr-17591	222	1	mark	mark	PROPN
iiclr-17591	222	2	j.	j.	PROPN
iiclr-17591	222	3	roe	roe	PROPN
iiclr-17591	222	4	.	.	PUNCT
iiclr-17591	223	1	strong	strong	ADJ
iiclr-17591	223	2	managers	manager	NOUN
iiclr-17591	223	3	,	,	PUNCT
iiclr-17591	223	4	weak	weak	ADJ
iiclr-17591	223	5	owners	owner	NOUN
iiclr-17591	223	6	(	(	PUNCT
iiclr-17591	223	7	1994	1994	NUM
iiclr-17591	223	8	)	)	PUNCT
iiclr-17591	223	9	.	.	PUNCT
iiclr-17591	224	1	17	17	NUM
iiclr-17591	224	2	.	.	PUNCT
iiclr-17591	225	1	according	accord	VERB
iiclr-17591	225	2	to	to	ADP
iiclr-17591	225	3	the	the	DET
iiclr-17591	225	4	1995	1995	NUM
iiclr-17591	225	5	world	world	PROPN
iiclr-17591	225	6	bank	bank	PROPN
iiclr-17591	225	7	atlas	atlas	PROPN
iiclr-17591	225	8	,	,	PUNCT
iiclr-17591	225	9	in	in	ADP
iiclr-17591	225	10	1993	1993	NUM
iiclr-17591	225	11	italy	italy	PROPN
iiclr-17591	225	12	's	's	PART
iiclr-17591	225	13	gross	gross	ADJ
iiclr-17591	225	14	output	output	NOUN
iiclr-17591	225	15	,	,	PUNCT
iiclr-17591	225	16	as	as	SCONJ
iiclr-17591	225	17	measured	measure	VERB
iiclr-17591	225	18	by	by	ADP
iiclr-17591	225	19	goods	good	NOUN
iiclr-17591	225	20	and	and	CCONJ
iiclr-17591	225	21	services	service	NOUN
iiclr-17591	225	22	,	,	PUNCT
iiclr-17591	225	23	was	be	AUX
iiclr-17591	225	24	(	(	PUNCT
iiclr-17591	225	25	in	in	ADP
iiclr-17591	225	26	u.s	u.s	PROPN
iiclr-17591	225	27	.	.	PROPN
iiclr-17591	225	28	dollars	dollar	NOUN
iiclr-17591	225	29	)	)	PUNCT
iiclr-17591	225	30	$	$	SYM
iiclr-17591	225	31	1.135	1.135	NUM
iiclr-17591	225	32	trillion	trillion	NUM
iiclr-17591	225	33	ranking	rank	VERB
iiclr-17591	225	34	fifth	fifth	ADJ
iiclr-17591	225	35	in	in	ADP
iiclr-17591	225	36	the	the	DET
iiclr-17591	225	37	world	world	NOUN
iiclr-17591	225	38	,	,	PUNCT
iiclr-17591	225	39	behind	behind	ADP
iiclr-17591	225	40	the	the	DET
iiclr-17591	225	41	united	united	PROPN
iiclr-17591	225	42	states	states	PROPN
iiclr-17591	225	43	(	(	PUNCT
iiclr-17591	225	44	$	$	SYM
iiclr-17591	225	45	6.388	6.388	NUM
iiclr-17591	225	46	trillion	trillion	NUM
iiclr-17591	225	47	)	)	PUNCT
iiclr-17591	225	48	,	,	PUNCT
iiclr-17591	225	49	japan	japan	PROPN
iiclr-17591	225	50	(	(	PUNCT
iiclr-17591	225	51	$	$	SYM
iiclr-17591	225	52	3.927	3.927	NUM
iiclr-17591	225	53	trillion	trillion	NUM
iiclr-17591	225	54	)	)	PUNCT
iiclr-17591	225	55	,	,	PUNCT
iiclr-17591	225	56	germany	germany	PROPN
iiclr-17591	225	57	(	(	PUNCT
iiclr-17591	225	58	$	$	SYM
iiclr-17591	225	59	1.903	1.903	NUM
iiclr-17591	225	60	trillion	trillion	NUM
iiclr-17591	225	61	)	)	PUNCT
iiclr-17591	225	62	,	,	PUNCT
iiclr-17591	225	63	and	and	CCONJ
iiclr-17591	225	64	france	france	PROPN
iiclr-17591	225	65	(	(	PUNCT
iiclr-17591	225	66	$	$	SYM
iiclr-17591	225	67	1.289	1.289	NUM
iiclr-17591	225	68	trillion	trillion	NUM
iiclr-17591	225	69	)	)	PUNCT
iiclr-17591	225	70	,	,	PUNCT
iiclr-17591	225	71	and	and	CCONJ
iiclr-17591	225	72	ahead	ahead	ADV
iiclr-17591	225	73	of	of	ADP
iiclr-17591	225	74	the	the	DET
iiclr-17591	225	75	united	united	ADJ
iiclr-17591	225	76	kingdom	kingdom	NOUN
iiclr-17591	225	77	(	(	PUNCT
iiclr-17591	225	78	$	$	SYM
iiclr-17591	225	79	1.042	1.042	NUM
iiclr-17591	225	80	trillion	trillion	NUM
iiclr-17591	225	81	)	)	PUNCT
iiclr-17591	225	82	.	.	PUNCT
iiclr-17591	226	1	18	18	NUM
iiclr-17591	226	2	.	.	PUNCT
iiclr-17591	227	1	as	as	ADP
iiclr-17591	227	2	of	of	ADP
iiclr-17591	227	3	september	september	PROPN
iiclr-17591	227	4	30	30	NUM
iiclr-17591	227	5	,	,	PUNCT
iiclr-17591	227	6	1993	1993	NUM
iiclr-17591	227	7	,	,	PUNCT
iiclr-17591	227	8	about	about	ADP
iiclr-17591	227	9	36,750	36,750	NUM
iiclr-17591	227	10	societa	societa	NOUN
iiclr-17591	227	11	per	per	ADP
iiclr-17591	227	12	azioni	azioni	PROPN
iiclr-17591	227	13	and	and	CCONJ
iiclr-17591	227	14	336,000	336,000	NUM
iiclr-17591	227	15	societa	societa	NOUN
iiclr-17591	227	16	a	a	DET
iiclr-17591	227	17	responsabilita	responsabilita	NOUN
iiclr-17591	227	18	limitata	limitata	PROPN
iiclr-17591	227	19	were	be	AUX
iiclr-17591	227	20	active	active	ADJ
iiclr-17591	227	21	in	in	ADP
iiclr-17591	227	22	italy	italy	PROPN
iiclr-17591	227	23	(	(	PUNCT
iiclr-17591	227	24	source	source	NOUN
iiclr-17591	227	25	:	:	PUNCT
iiclr-17591	227	26	data	datum	NOUN
iiclr-17591	227	27	cerved	cerve	VERB
iiclr-17591	227	28	,	,	PUNCT
iiclr-17591	227	29	analyzed	analyze	VERB
iiclr-17591	227	30	in	in	ADP
iiclr-17591	227	31	l'azienda	l'azienda	PROPN
iiclr-17591	227	32	cambia	cambia	PROPN
iiclr-17591	227	33	vestito	vestito	PROPN
iiclr-17591	227	34	,	,	PUNCT
iiclr-17591	227	35	il	il	PROPN
iiclr-17591	227	36	sole	sole	ADJ
iiclr-17591	227	37	24	24	NUM
iiclr-17591	227	38	ore	ore	NOUN
iiclr-17591	227	39	,	,	PUNCT
iiclr-17591	227	40	nov	nov	PROPN
iiclr-17591	227	41	.	.	PROPN
iiclr-17591	227	42	15	15	NUM
iiclr-17591	227	43	,	,	PUNCT
iiclr-17591	227	44	1993	1993	NUM
iiclr-17591	227	45	,	,	PUNCT
iiclr-17591	227	46	at	at	ADP
iiclr-17591	227	47	1	1	NUM
iiclr-17591	227	48	)	)	PUNCT
iiclr-17591	227	49	.	.	PUNCT
iiclr-17591	228	1	19	19	NUM
iiclr-17591	228	2	.	.	PUNCT
iiclr-17591	228	3	giancarlom	giancarlom	PROPN
iiclr-17591	228	4	.	.	PUNCT
iiclr-17591	228	5	rivolta	rivolta	PROPN
iiclr-17591	228	6	,	,	PUNCT
iiclr-17591	228	7	la	la	X
iiclr-17591	228	8	societa	societa	PROPN
iiclr-17591	228	9	a	a	DET
iiclr-17591	228	10	responsabilrra	responsabilrra	NOUN
iiclr-17591	228	11	limitata	limitata	PROPN
iiclr-17591	228	12	170	170	NUM
iiclr-17591	228	13	-	-	SYM
iiclr-17591	228	14	74	74	NUM
iiclr-17591	228	15	(	(	PUNCT
iiclr-17591	228	16	1982	1982	NUM
iiclr-17591	228	17	)	)	PUNCT
iiclr-17591	228	18	;	;	PUNCT
iiclr-17591	228	19	2	2	NUM
iiclr-17591	228	20	campobasso	campobasso	NOUN
iiclr-17591	228	21	,	,	PUNCT
iiclr-17591	228	22	supra	supra	PROPN
iiclr-17591	228	23	note	note	NOUN
iiclr-17591	228	24	2	2	NUM
iiclr-17591	228	25	,	,	PUNCT
iiclr-17591	228	26	at	at	ADP
iiclr-17591	228	27	499	499	NUM
iiclr-17591	228	28	&	&	CCONJ
iiclr-17591	228	29	n.	n.	PROPN
iiclr-17591	228	30	1	1	NUM
iiclr-17591	228	31	.	.	NOUN
iiclr-17591	228	32	1995	1995	NUM
iiclr-17591	228	33	]	]	X
iiclr-17591	228	34	ind	ind	NOUN
iiclr-17591	228	35	.	.	PUNCT
iiclr-17591	228	36	int'l	int'l	PROPN
iiclr-17591	228	37	&	&	CCONJ
iiclr-17591	228	38	comp	comp	PROPN
iiclr-17591	228	39	.	.	PUNCT
iiclr-17591	229	1	l	l	PROPN
iiclr-17591	229	2	rev	rev	PROPN
iiclr-17591	229	3	.	.	PROPN
iiclr-17591	230	1	through	through	ADP
iiclr-17591	230	2	share	share	NOUN
iiclr-17591	230	3	certificates	certificate	NOUN
iiclr-17591	230	4	.	.	PUNCT
iiclr-17591	231	1	2	2	NUM
iiclr-17591	231	2	its	its	PRON
iiclr-17591	231	3	debt	debt	NOUN
iiclr-17591	231	4	financing	financing	NOUN
iiclr-17591	231	5	is	be	AUX
iiclr-17591	231	6	limited	limit	VERB
iiclr-17591	231	7	to	to	PART
iiclr-17591	231	8	trade	trade	VERB
iiclr-17591	231	9	credit	credit	NOUN
iiclr-17591	231	10	and	and	CCONJ
iiclr-17591	231	11	direct	direct	ADJ
iiclr-17591	231	12	borrowing	borrowing	NOUN
iiclr-17591	231	13	,	,	PUNCT
iiclr-17591	231	14	2	2	NUM
iiclr-17591	231	15	and	and	CCONJ
iiclr-17591	231	16	it	it	PRON
iiclr-17591	231	17	can	can	AUX
iiclr-17591	231	18	not	not	PART
iiclr-17591	231	19	be	be	AUX
iiclr-17591	231	20	listed	list	VERB
iiclr-17591	231	21	on	on	ADP
iiclr-17591	231	22	stock	stock	NOUN
iiclr-17591	231	23	exchanges	exchange	NOUN
iiclr-17591	231	24	.	.	PUNCT
iiclr-17591	232	1	22	22	NUM
iiclr-17591	232	2	higher	high	ADJ
iiclr-17591	232	3	cost	cost	NOUN
iiclr-17591	232	4	of	of	ADP
iiclr-17591	232	5	financing	financing	NOUN
iiclr-17591	232	6	,	,	PUNCT
iiclr-17591	232	7	however	however	ADV
iiclr-17591	232	8	,	,	PUNCT
iiclr-17591	232	9	can	can	AUX
iiclr-17591	232	10	not	not	PART
iiclr-17591	232	11	account	account	VERB
iiclr-17591	232	12	entirely	entirely	ADV
iiclr-17591	232	13	for	for	ADP
iiclr-17591	232	14	the	the	DET
iiclr-17591	232	15	prevalence	prevalence	NOUN
iiclr-17591	232	16	of	of	ADP
iiclr-17591	232	17	societa	societa	NOUN
iiclr-17591	232	18	per	per	ADP
iiclr-17591	232	19	azioni	azioni	PROPN
iiclr-17591	232	20	among	among	ADP
iiclr-17591	232	21	medium	medium	ADJ
iiclr-17591	232	22	-	-	PUNCT
iiclr-17591	232	23	large	large	ADJ
iiclr-17591	232	24	firms	firm	NOUN
iiclr-17591	232	25	.	.	PUNCT
iiclr-17591	233	1	there	there	PRON
iiclr-17591	233	2	are	be	VERB
iiclr-17591	233	3	no	no	DET
iiclr-17591	233	4	significant	significant	ADJ
iiclr-17591	233	5	disadvantages	disadvantage	NOUN
iiclr-17591	233	6	for	for	ADP
iiclr-17591	233	7	the	the	DET
iiclr-17591	233	8	societa	societa	NOUN
iiclr-17591	233	9	a	a	DET
iiclr-17591	233	10	responsabilita	responsabilita	NOUN
iiclr-17591	233	11	limitata	limitata	PROPN
iiclr-17591	233	12	when	when	SCONJ
iiclr-17591	233	13	the	the	DET
iiclr-17591	233	14	company	company	NOUN
iiclr-17591	233	15	stays	stay	VERB
iiclr-17591	233	16	private	private	ADJ
iiclr-17591	233	17	and	and	CCONJ
iiclr-17591	233	18	borrows	borrow	VERB
iiclr-17591	233	19	only	only	ADV
iiclr-17591	233	20	from	from	ADP
iiclr-17591	233	21	banks	bank	NOUN
iiclr-17591	233	22	.	.	PUNCT
iiclr-17591	234	1	moreover	moreover	ADV
iiclr-17591	234	2	,	,	PUNCT
iiclr-17591	234	3	creditors	creditor	NOUN
iiclr-17591	234	4	and	and	CCONJ
iiclr-17591	234	5	suppliers	supplier	NOUN
iiclr-17591	234	6	could	could	AUX
iiclr-17591	234	7	"	"	PUNCT
iiclr-17591	234	8	contract	contract	VERB
iiclr-17591	234	9	"	"	PUNCT
iiclr-17591	234	10	with	with	ADP
iiclr-17591	234	11	the	the	DET
iiclr-17591	234	12	company	company	NOUN
iiclr-17591	234	13	for	for	ADP
iiclr-17591	234	14	a	a	DET
iiclr-17591	234	15	satisfactory	satisfactory	ADJ
iiclr-17591	234	16	amount	amount	NOUN
iiclr-17591	234	17	of	of	ADP
iiclr-17591	234	18	guarantees	guarantee	NOUN
iiclr-17591	234	19	regardless	regardless	ADV
iiclr-17591	234	20	of	of	ADP
iiclr-17591	234	21	its	its	PRON
iiclr-17591	234	22	legal	legal	ADJ
iiclr-17591	234	23	structure	structure	NOUN
iiclr-17591	234	24	.	.	PUNCT
iiclr-17591	234	25	'	'	PUNCT
iiclr-17591	235	1	the	the	DET
iiclr-17591	235	2	taxation	taxation	NOUN
iiclr-17591	235	3	of	of	ADP
iiclr-17591	235	4	profits	profit	NOUN
iiclr-17591	235	5	,	,	PUNCT
iiclr-17591	235	6	at	at	ADP
iiclr-17591	235	7	both	both	CCONJ
iiclr-17591	235	8	the	the	DET
iiclr-17591	235	9	corporate	corporate	ADJ
iiclr-17591	235	10	and	and	CCONJ
iiclr-17591	235	11	the	the	DET
iiclr-17591	235	12	individual	individual	ADJ
iiclr-17591	235	13	level	level	NOUN
iiclr-17591	235	14	,	,	PUNCT
iiclr-17591	235	15	is	be	AUX
iiclr-17591	235	16	identical	identical	ADJ
iiclr-17591	235	17	,	,	PUNCT
iiclr-17591	235	18	24	24	NUM
iiclr-17591	235	19	and	and	CCONJ
iiclr-17591	235	20	the	the	DET
iiclr-17591	235	21	societa	societa	NOUN
iiclr-17591	235	22	per	per	ADP
iiclr-17591	235	23	azioni	azioni	PROPN
iiclr-17591	235	24	has	have	VERB
iiclr-17591	235	25	slightly	slightly	ADV
iiclr-17591	235	26	higher	high	ADJ
iiclr-17591	235	27	operation	operation	NOUN
iiclr-17591	235	28	costs.25	costs.25	NOUN
iiclr-17591	235	29	it	it	PRON
iiclr-17591	235	30	20	20	NUM
iiclr-17591	235	31	.	.	PUNCT
iiclr-17591	236	1	c.c	c.c	PROPN
iiclr-17591	236	2	.	.	PROPN
iiclr-17591	236	3	art	art	NOUN
iiclr-17591	236	4	.	.	PUNCT
iiclr-17591	237	1	2472(2	2472(2	X
iiclr-17591	237	2	)	)	PUNCT
iiclr-17591	237	3	(	(	PUNCT
iiclr-17591	237	4	italy	italy	PROPN
iiclr-17591	237	5	)	)	PUNCT
iiclr-17591	237	6	.	.	PUNCT
iiclr-17591	238	1	21	21	NUM
iiclr-17591	238	2	.	.	X
iiclr-17591	239	1	c.c	c.c	PROPN
iiclr-17591	239	2	.	.	PROPN
iiclr-17591	240	1	at	at	ADP
iiclr-17591	240	2	.	.	PUNCT
iiclr-17591	240	3	2486(3	2486(3	NUM
iiclr-17591	240	4	)	)	PUNCT
iiclr-17591	240	5	(	(	PUNCT
iiclr-17591	240	6	italy	italy	PROPN
iiclr-17591	240	7	)	)	PUNCT
iiclr-17591	240	8	(	(	PUNCT
iiclr-17591	240	9	no	no	DET
iiclr-17591	240	10	issuance	issuance	NOUN
iiclr-17591	240	11	of	of	ADP
iiclr-17591	240	12	bonds	bond	NOUN
iiclr-17591	240	13	)	)	PUNCT
iiclr-17591	240	14	;	;	PUNCT
iiclr-17591	240	15	art	art	NOUN
iiclr-17591	240	16	.	.	PUNCT
iiclr-17591	241	1	18(1	18(1	X
iiclr-17591	241	2	)	)	PUNCT
iiclr-17591	241	3	,	,	PUNCT
iiclr-17591	241	4	law	law	NOUN
iiclr-17591	241	5	of	of	ADP
iiclr-17591	241	6	june	june	PROPN
iiclr-17591	241	7	7	7	NUM
iiclr-17591	241	8	,	,	PUNCT
iiclr-17591	241	9	1974	1974	NUM
iiclr-17591	241	10	,	,	PUNCT
iiclr-17591	241	11	no	no	INTJ
iiclr-17591	241	12	.	.	NOUN
iiclr-17591	241	13	216	216	NUM
iiclr-17591	241	14	;	;	PUNCT
iiclr-17591	241	15	art	art	NOUN
iiclr-17591	241	16	.	.	PUNCT
iiclr-17591	242	1	11	11	NUM
iiclr-17591	242	2	(	(	PUNCT
iiclr-17591	242	3	2	2	NUM
iiclr-17591	242	4	-	-	SYM
iiclr-17591	242	5	4	4	NUM
iiclr-17591	242	6	)	)	PUNCT
iiclr-17591	242	7	,	,	PUNCT
iiclr-17591	242	8	legislative	legislative	ADJ
iiclr-17591	242	9	decree	decree	NOUN
iiclr-17591	242	10	of	of	ADP
iiclr-17591	242	11	sept	sept	PROPN
iiclr-17591	242	12	.	.	PROPN
iiclr-17591	242	13	1	1	NUM
iiclr-17591	242	14	,	,	PUNCT
iiclr-17591	242	15	1993	1993	NUM
iiclr-17591	242	16	,	,	PUNCT
iiclr-17591	242	17	no	no	INTJ
iiclr-17591	242	18	.	.	NOUN
iiclr-17591	242	19	385	385	NUM
iiclr-17591	242	20	;	;	PUNCT
iiclr-17591	242	21	and	and	CCONJ
iiclr-17591	242	22	law	law	NOUN
iiclr-17591	242	23	of	of	ADP
iiclr-17591	242	24	jan	jan	PROPN
iiclr-17591	242	25	.	.	PROPN
iiclr-17591	242	26	13	13	NUM
iiclr-17591	242	27	,	,	PUNCT
iiclr-17591	242	28	1994	1994	NUM
iiclr-17591	242	29	,	,	PUNCT
iiclr-17591	242	30	no	no	INTJ
iiclr-17591	242	31	.	.	NOUN
iiclr-17591	242	32	43	43	NUM
iiclr-17591	243	1	(	(	PUNCT
iiclr-17591	243	2	no	no	DET
iiclr-17591	243	3	issuance	issuance	NOUN
iiclr-17591	243	4	of	of	ADP
iiclr-17591	243	5	commercial	commercial	ADJ
iiclr-17591	243	6	papers	paper	NOUN
iiclr-17591	243	7	,	,	PUNCT
iiclr-17591	243	8	loan	loan	NOUN
iiclr-17591	243	9	notes	note	NOUN
iiclr-17591	243	10	,	,	PUNCT
iiclr-17591	243	11	evidences	evidence	NOUN
iiclr-17591	243	12	of	of	ADP
iiclr-17591	243	13	indebtedness	indebtedness	NOUN
iiclr-17591	243	14	,	,	PUNCT
iiclr-17591	243	15	and	and	CCONJ
iiclr-17591	243	16	no	no	DET
iiclr-17591	243	17	public	public	ADJ
iiclr-17591	243	18	offerings	offering	NOUN
iiclr-17591	243	19	of	of	ADP
iiclr-17591	243	20	debt	debt	NOUN
iiclr-17591	243	21	and	and	CCONJ
iiclr-17591	243	22	equity	equity	NOUN
iiclr-17591	243	23	securities	security	NOUN
iiclr-17591	243	24	in	in	ADP
iiclr-17591	243	25	general	general	ADJ
iiclr-17591	243	26	)	)	PUNCT
iiclr-17591	243	27	.	.	PUNCT
iiclr-17591	244	1	22	22	NUM
iiclr-17591	244	2	.	.	PUNCT
iiclr-17591	245	1	all	all	DET
iiclr-17591	245	2	consob	consob	NOUN
iiclr-17591	245	3	regulations	regulation	NOUN
iiclr-17591	245	4	about	about	ADP
iiclr-17591	245	5	admission	admission	NOUN
iiclr-17591	245	6	of	of	ADP
iiclr-17591	245	7	companies	company	NOUN
iiclr-17591	245	8	to	to	ADP
iiclr-17591	245	9	listing	list	VERB
iiclr-17591	245	10	or	or	CCONJ
iiclr-17591	245	11	public	public	ADJ
iiclr-17591	245	12	trading	trading	NOUN
iiclr-17591	245	13	require	require	VERB
iiclr-17591	245	14	the	the	DET
iiclr-17591	245	15	form	form	NOUN
iiclr-17591	245	16	of	of	ADP
iiclr-17591	245	17	the	the	DET
iiclr-17591	245	18	societd	societd	NOUN
iiclr-17591	245	19	per	per	ADP
iiclr-17591	245	20	azioni	azioni	PROPN
iiclr-17591	245	21	or	or	CCONJ
iiclr-17591	245	22	the	the	DET
iiclr-17591	245	23	societa	societa	PROPN
iiclr-17591	245	24	cooperativa	cooperativa	NOUN
iiclr-17591	245	25	.	.	PUNCT
iiclr-17591	246	1	this	this	PRON
iiclr-17591	246	2	is	be	AUX
iiclr-17591	246	3	true	true	ADJ
iiclr-17591	246	4	for	for	ADP
iiclr-17591	246	5	the	the	DET
iiclr-17591	246	6	italian	italian	ADJ
iiclr-17591	246	7	stock	stock	NOUN
iiclr-17591	246	8	exchange	exchange	NOUN
iiclr-17591	246	9	(	(	PUNCT
iiclr-17591	246	10	infra	infra	NOUN
iiclr-17591	246	11	note	note	VERB
iiclr-17591	246	12	143	143	NUM
iiclr-17591	246	13	)	)	PUNCT
iiclr-17591	246	14	,	,	PUNCT
iiclr-17591	246	15	for	for	ADP
iiclr-17591	246	16	the	the	DET
iiclr-17591	246	17	"	"	PUNCT
iiclr-17591	246	18	mercato	mercato	ADJ
iiclr-17591	246	19	ristretto	ristretto	NOUN
iiclr-17591	246	20	"	"	PUNCT
iiclr-17591	246	21	[	[	X
iiclr-17591	246	22	restricted	restrict	VERB
iiclr-17591	246	23	stock	stock	NOUN
iiclr-17591	246	24	exchange	exchange	NOUN
iiclr-17591	246	25	]	]	PUNCT
iiclr-17591	246	26	,	,	PUNCT
iiclr-17591	246	27	and	and	CCONJ
iiclr-17591	246	28	for	for	ADP
iiclr-17591	246	29	minor	minor	ADJ
iiclr-17591	246	30	stock	stock	NOUN
iiclr-17591	246	31	exchanges	exchange	NOUN
iiclr-17591	246	32	,	,	PUNCT
iiclr-17591	246	33	which	which	PRON
iiclr-17591	246	34	will	will	AUX
iiclr-17591	246	35	take	take	VERB
iiclr-17591	246	36	the	the	DET
iiclr-17591	246	37	form	form	NOUN
iiclr-17591	246	38	of	of	ADP
iiclr-17591	246	39	interdealer	interdealer	ADJ
iiclr-17591	246	40	quotation	quotation	NOUN
iiclr-17591	246	41	systems	system	NOUN
iiclr-17591	246	42	and	and	CCONJ
iiclr-17591	246	43	are	be	AUX
iiclr-17591	246	44	expected	expect	VERB
iiclr-17591	246	45	to	to	PART
iiclr-17591	246	46	start	start	VERB
iiclr-17591	246	47	operations	operation	NOUN
iiclr-17591	246	48	soon	soon	ADV
iiclr-17591	246	49	.	.	PUNCT
iiclr-17591	247	1	see	see	VERB
iiclr-17591	247	2	,	,	PUNCT
iiclr-17591	247	3	respectively	respectively	ADV
iiclr-17591	247	4	,	,	PUNCT
iiclr-17591	247	5	the	the	DET
iiclr-17591	247	6	regulation	regulation	NOUN
iiclr-17591	247	7	adopted	adopt	VERB
iiclr-17591	247	8	on	on	ADP
iiclr-17591	247	9	may	may	PROPN
iiclr-17591	247	10	24	24	NUM
iiclr-17591	247	11	,	,	PUNCT
iiclr-17591	247	12	1989	1989	NUM
iiclr-17591	247	13	,	,	PUNCT
iiclr-17591	247	14	no	no	INTJ
iiclr-17591	247	15	.	.	NOUN
iiclr-17591	247	16	4088	4088	NUM
iiclr-17591	248	1	(	(	PUNCT
iiclr-17591	248	2	1989	1989	NUM
iiclr-17591	248	3	rivista	rivista	NOUN
iiclr-17591	248	4	delle	delle	NOUN
iiclr-17591	248	5	societa	societa	PROPN
iiclr-17591	248	6	538	538	NUM
iiclr-17591	248	7	)	)	PUNCT
iiclr-17591	248	8	,	,	PUNCT
iiclr-17591	248	9	the	the	DET
iiclr-17591	248	10	regulation	regulation	NOUN
iiclr-17591	248	11	adopted	adopt	VERB
iiclr-17591	248	12	on	on	ADP
iiclr-17591	248	13	june	june	PROPN
iiclr-17591	248	14	30	30	NUM
iiclr-17591	248	15	,	,	PUNCT
iiclr-17591	248	16	1977	1977	NUM
iiclr-17591	248	17	,	,	PUNCT
iiclr-17591	248	18	no	no	INTJ
iiclr-17591	248	19	.	.	NOUN
iiclr-17591	248	20	233	233	NUM
iiclr-17591	248	21	(	(	PUNCT
iiclr-17591	248	22	1977	1977	NUM
iiclr-17591	248	23	rivista	rivista	NOUN
iiclr-17591	248	24	delle	delle	NOUN
iiclr-17591	248	25	sociera	sociera	NOUN
iiclr-17591	248	26	229	229	NUM
iiclr-17591	248	27	)	)	PUNCT
iiclr-17591	248	28	,	,	PUNCT
iiclr-17591	248	29	and	and	CCONJ
iiclr-17591	248	30	the	the	DET
iiclr-17591	248	31	regulation	regulation	NOUN
iiclr-17591	248	32	adopted	adopt	VERB
iiclr-17591	248	33	on	on	ADP
iiclr-17591	248	34	sept	sept	PROPN
iiclr-17591	248	35	.	.	PROPN
iiclr-17591	248	36	30	30	NUM
iiclr-17591	248	37	,	,	PUNCT
iiclr-17591	248	38	1994	1994	NUM
iiclr-17591	248	39	,	,	PUNCT
iiclr-17591	248	40	no	no	NOUN
iiclr-17591	248	41	.	.	NOUN
iiclr-17591	248	42	8469	8469	NUM
iiclr-17591	248	43	(	(	PUNCT
iiclr-17591	248	44	il	il	PROPN
iiclr-17591	248	45	sole	sole	ADJ
iiclr-17591	248	46	24	24	NUM
iiclr-17591	248	47	ore	ore	NOUN
iiclr-17591	248	48	,	,	PUNCT
iiclr-17591	248	49	oct	oct	PROPN
iiclr-17591	248	50	.	.	PROPN
iiclr-17591	248	51	7	7	NUM
iiclr-17591	248	52	,	,	PUNCT
iiclr-17591	248	53	1994	1994	NUM
iiclr-17591	248	54	,	,	PUNCT
iiclr-17591	248	55	at	at	ADP
iiclr-17591	248	56	9	9	NUM
iiclr-17591	248	57	)	)	PUNCT
iiclr-17591	248	58	.	.	PUNCT
iiclr-17591	249	1	23	23	NUM
iiclr-17591	249	2	.	.	PUNCT
iiclr-17591	250	1	the	the	DET
iiclr-17591	250	2	minimum	minimum	NOUN
iiclr-17591	250	3	contributed	contribute	VERB
iiclr-17591	250	4	capital	capital	NOUN
iiclr-17591	250	5	of	of	ADP
iiclr-17591	250	6	the	the	DET
iiclr-17591	250	7	societa	societa	NOUN
iiclr-17591	250	8	per	per	ADP
iiclr-17591	250	9	azioni	azioni	PROPN
iiclr-17591	250	10	is	be	AUX
iiclr-17591	250	11	200	200	NUM
iiclr-17591	250	12	million	million	NUM
iiclr-17591	250	13	liras	lira	NOUN
iiclr-17591	250	14	(	(	PUNCT
iiclr-17591	250	15	roughly	roughly	ADV
iiclr-17591	250	16	120,000	120,000	NUM
iiclr-17591	250	17	u.s	u.s	PROPN
iiclr-17591	250	18	.	.	PROPN
iiclr-17591	250	19	dollars	dollar	NOUN
iiclr-17591	250	20	at	at	ADP
iiclr-17591	250	21	the	the	DET
iiclr-17591	250	22	prevailing	prevail	VERB
iiclr-17591	250	23	1995	1995	NUM
iiclr-17591	250	24	exchange	exchange	NOUN
iiclr-17591	250	25	rate	rate	NOUN
iiclr-17591	250	26	)	)	PUNCT
iiclr-17591	250	27	,	,	PUNCT
iiclr-17591	250	28	while	while	SCONJ
iiclr-17591	250	29	that	that	PRON
iiclr-17591	250	30	of	of	ADP
iiclr-17591	250	31	the	the	DET
iiclr-17591	250	32	societa	societa	NOUN
iiclr-17591	250	33	a	a	DET
iiclr-17591	250	34	responsabilita	responsabilita	PROPN
iiclr-17591	250	35	limitata	limitata	PROPN
iiclr-17591	250	36	is	be	AUX
iiclr-17591	250	37	ten	ten	NUM
iiclr-17591	250	38	times	time	NOUN
iiclr-17591	250	39	smaller	small	ADJ
iiclr-17591	250	40	.	.	PUNCT
iiclr-17591	251	1	see	see	VERB
iiclr-17591	251	2	,	,	PUNCT
iiclr-17591	251	3	respectively	respectively	ADV
iiclr-17591	251	4	,	,	PUNCT
iiclr-17591	251	5	c.c	c.c	PROPN
iiclr-17591	251	6	.	.	PROPN
iiclr-17591	251	7	art	art	NOUN
iiclr-17591	251	8	.	.	PUNCT
iiclr-17591	252	1	2327	2327	NUM
iiclr-17591	252	2	and	and	CCONJ
iiclr-17591	252	3	2474(1	2474(1	NUM
iiclr-17591	252	4	)	)	PUNCT
iiclr-17591	252	5	(	(	PUNCT
iiclr-17591	252	6	italy	italy	PROPN
iiclr-17591	252	7	)	)	PUNCT
iiclr-17591	252	8	.	.	PUNCT
iiclr-17591	253	1	there	there	PRON
iiclr-17591	253	2	are	be	VERB
iiclr-17591	253	3	no	no	DET
iiclr-17591	253	4	limits	limit	NOUN
iiclr-17591	253	5	,	,	PUNCT
iiclr-17591	253	6	however	however	ADV
iiclr-17591	253	7	,	,	PUNCT
iiclr-17591	253	8	to	to	ADP
iiclr-17591	253	9	the	the	DET
iiclr-17591	253	10	maximum	maximum	ADJ
iiclr-17591	253	11	capital	capital	NOUN
iiclr-17591	253	12	of	of	ADP
iiclr-17591	253	13	either	either	DET
iiclr-17591	253	14	kind	kind	NOUN
iiclr-17591	253	15	of	of	ADP
iiclr-17591	253	16	company	company	NOUN
iiclr-17591	253	17	.	.	PUNCT
iiclr-17591	254	1	nothing	nothing	PRON
iiclr-17591	254	2	,	,	PUNCT
iiclr-17591	254	3	then	then	ADV
iiclr-17591	254	4	,	,	PUNCT
iiclr-17591	254	5	prevents	prevent	VERB
iiclr-17591	254	6	creditors	creditor	NOUN
iiclr-17591	254	7	from	from	ADP
iiclr-17591	254	8	conditioning	condition	VERB
iiclr-17591	254	9	the	the	DET
iiclr-17591	254	10	financing	financing	NOUN
iiclr-17591	254	11	of	of	ADP
iiclr-17591	254	12	a	a	DET
iiclr-17591	254	13	societ(t	societ(t	NOUN
iiclr-17591	254	14	a	a	DET
iiclr-17591	254	15	responsabiliu	responsabiliu	NOUN
iiclr-17591	254	16	limitata	limitata	NOUN
iiclr-17591	254	17	to	to	ADP
iiclr-17591	254	18	the	the	DET
iiclr-17591	254	19	existence	existence	NOUN
iiclr-17591	254	20	of	of	ADP
iiclr-17591	254	21	a	a	DET
iiclr-17591	254	22	certain	certain	ADJ
iiclr-17591	254	23	amount	amount	NOUN
iiclr-17591	254	24	of	of	ADP
iiclr-17591	254	25	capital	capital	NOUN
iiclr-17591	254	26	.	.	PUNCT
iiclr-17591	255	1	24	24	NUM
iiclr-17591	255	2	.	.	PUNCT
iiclr-17591	255	3	arts	art	NOUN
iiclr-17591	255	4	.	.	PUNCT
iiclr-17591	256	1	87	87	NUM
iiclr-17591	256	2	,	,	PUNCT
iiclr-17591	256	3	91	91	NUM
iiclr-17591	256	4	,	,	PUNCT
iiclr-17591	256	5	116	116	NUM
iiclr-17591	256	6	,	,	PUNCT
iiclr-17591	256	7	118(1	118(1	NUM
iiclr-17591	256	8	)	)	PUNCT
iiclr-17591	256	9	,	,	PUNCT
iiclr-17591	256	10	121	121	NUM
iiclr-17591	256	11	,	,	PUNCT
iiclr-17591	256	12	legislative	legislative	ADJ
iiclr-17591	256	13	decree	decree	NOUN
iiclr-17591	256	14	of	of	ADP
iiclr-17591	256	15	dec	dec	PROPN
iiclr-17591	256	16	.	.	PROPN
iiclr-17591	256	17	22	22	NUM
iiclr-17591	256	18	,	,	PUNCT
iiclr-17591	256	19	1986	1986	NUM
iiclr-17591	256	20	,	,	PUNCT
iiclr-17591	256	21	no	no	INTJ
iiclr-17591	256	22	.	.	NOUN
iiclr-17591	256	23	917	917	NUM
iiclr-17591	256	24	.	.	PUNCT
iiclr-17591	257	1	the	the	DET
iiclr-17591	257	2	normal	normal	ADJ
iiclr-17591	257	3	corporate	corporate	ADJ
iiclr-17591	257	4	tax	tax	NOUN
iiclr-17591	257	5	rate	rate	NOUN
iiclr-17591	257	6	is	be	AUX
iiclr-17591	257	7	currently	currently	ADV
iiclr-17591	257	8	53.2	53.2	NUM
iiclr-17591	257	9	%	%	NOUN
iiclr-17591	257	10	(	(	PUNCT
iiclr-17591	257	11	resulting	result	VERB
iiclr-17591	257	12	from	from	ADP
iiclr-17591	257	13	a	a	DET
iiclr-17591	257	14	37	37	NUM
iiclr-17591	257	15	%	%	NOUN
iiclr-17591	257	16	general	general	ADJ
iiclr-17591	257	17	corporate	corporate	ADJ
iiclr-17591	257	18	income	income	NOUN
iiclr-17591	257	19	tax	tax	NOUN
iiclr-17591	257	20	and	and	CCONJ
iiclr-17591	257	21	a	a	DET
iiclr-17591	257	22	16.2	16.2	NUM
iiclr-17591	257	23	%	%	NOUN
iiclr-17591	257	24	local	local	ADJ
iiclr-17591	257	25	income	income	NOUN
iiclr-17591	257	26	tax	tax	NOUN
iiclr-17591	257	27	on	on	ADP
iiclr-17591	257	28	capital	capital	NOUN
iiclr-17591	257	29	)	)	PUNCT
iiclr-17591	257	30	.	.	PUNCT
iiclr-17591	258	1	dividends	dividend	NOUN
iiclr-17591	258	2	are	be	AUX
iiclr-17591	258	3	taxed	tax	VERB
iiclr-17591	258	4	at	at	ADP
iiclr-17591	258	5	the	the	DET
iiclr-17591	258	6	individual	individual	ADJ
iiclr-17591	258	7	level	level	NOUN
iiclr-17591	258	8	according	accord	VERB
iiclr-17591	258	9	to	to	ADP
iiclr-17591	258	10	the	the	DET
iiclr-17591	258	11	applicable	applicable	ADJ
iiclr-17591	258	12	tax	tax	NOUN
iiclr-17591	258	13	bracket	bracket	NOUN
iiclr-17591	258	14	(	(	PUNCT
iiclr-17591	258	15	varying	vary	VERB
iiclr-17591	258	16	approximately	approximately	ADV
iiclr-17591	258	17	from	from	ADP
iiclr-17591	258	18	10	10	NUM
iiclr-17591	258	19	%	%	NOUN
iiclr-17591	258	20	to	to	PART
iiclr-17591	258	21	51	51	NUM
iiclr-17591	258	22	%	%	NOUN
iiclr-17591	258	23	,	,	PUNCT
iiclr-17591	258	24	plus	plus	CCONJ
iiclr-17591	258	25	another	another	DET
iiclr-17591	258	26	tax	tax	NOUN
iiclr-17591	258	27	between	between	ADP
iiclr-17591	258	28	4.6	4.6	NUM
iiclr-17591	258	29	and	and	CCONJ
iiclr-17591	258	30	6.6	6.6	NUM
iiclr-17591	258	31	%	%	NOUN
iiclr-17591	258	32	,	,	PUNCT
iiclr-17591	258	33	applied	apply	VERB
iiclr-17591	258	34	as	as	ADP
iiclr-17591	258	35	a	a	DET
iiclr-17591	258	36	contribution	contribution	NOUN
iiclr-17591	258	37	to	to	ADP
iiclr-17591	258	38	the	the	DET
iiclr-17591	258	39	national	national	PROPN
iiclr-17591	258	40	health	health	PROPN
iiclr-17591	258	41	care	care	PROPN
iiclr-17591	258	42	service	service	PROPN
iiclr-17591	258	43	)	)	PUNCT
iiclr-17591	258	44	.	.	PUNCT
iiclr-17591	259	1	individual	individual	ADJ
iiclr-17591	259	2	shareholders	shareholder	NOUN
iiclr-17591	259	3	,	,	PUNCT
iiclr-17591	259	4	however	however	ADV
iiclr-17591	259	5	,	,	PUNCT
iiclr-17591	259	6	are	be	AUX
iiclr-17591	259	7	entitled	entitle	VERB
iiclr-17591	259	8	to	to	PART
iiclr-17591	259	9	offset	offset	VERB
iiclr-17591	259	10	part	part	NOUN
iiclr-17591	259	11	of	of	ADP
iiclr-17591	259	12	the	the	DET
iiclr-17591	259	13	tax	tax	NOUN
iiclr-17591	259	14	paid	pay	VERB
iiclr-17591	259	15	at	at	ADP
iiclr-17591	259	16	the	the	DET
iiclr-17591	259	17	corporate	corporate	ADJ
iiclr-17591	259	18	level	level	NOUN
iiclr-17591	259	19	against	against	ADP
iiclr-17591	259	20	their	their	PRON
iiclr-17591	259	21	personal	personal	ADJ
iiclr-17591	259	22	income	income	NOUN
iiclr-17591	259	23	tax	tax	NOUN
iiclr-17591	259	24	liability	liability	NOUN
iiclr-17591	259	25	.	.	PUNCT
iiclr-17591	260	1	originally	originally	ADV
iiclr-17591	260	2	,	,	PUNCT
iiclr-17591	260	3	the	the	DET
iiclr-17591	260	4	whole	whole	ADJ
iiclr-17591	260	5	amount	amount	NOUN
iiclr-17591	260	6	of	of	ADP
iiclr-17591	260	7	general	general	ADJ
iiclr-17591	260	8	corporate	corporate	ADJ
iiclr-17591	260	9	income	income	NOUN
iiclr-17591	260	10	tax	tax	NOUN
iiclr-17591	260	11	(	(	PUNCT
iiclr-17591	260	12	then	then	ADV
iiclr-17591	260	13	36	36	NUM
iiclr-17591	260	14	%	%	NOUN
iiclr-17591	260	15	)	)	PUNCT
iiclr-17591	260	16	paid	pay	VERB
iiclr-17591	260	17	on	on	ADP
iiclr-17591	260	18	the	the	DET
iiclr-17591	260	19	amount	amount	NOUN
iiclr-17591	260	20	distributed	distribute	VERB
iiclr-17591	260	21	as	as	SCONJ
iiclr-17591	260	22	dividend	dividend	NOUN
iiclr-17591	260	23	could	could	AUX
iiclr-17591	260	24	be	be	AUX
iiclr-17591	260	25	offset	offset	VERB
iiclr-17591	260	26	.	.	PUNCT
iiclr-17591	261	1	today	today	NOUN
iiclr-17591	261	2	,	,	PUNCT
iiclr-17591	261	3	after	after	ADP
iiclr-17591	261	4	an	an	DET
iiclr-17591	261	5	increase	increase	NOUN
iiclr-17591	261	6	of	of	ADP
iiclr-17591	261	7	one	one	NUM
iiclr-17591	261	8	percentage	percentage	NOUN
iiclr-17591	261	9	point	point	NOUN
iiclr-17591	261	10	in	in	ADP
iiclr-17591	261	11	the	the	DET
iiclr-17591	261	12	corporate	corporate	ADJ
iiclr-17591	261	13	income	income	NOUN
iiclr-17591	261	14	tax	tax	NOUN
iiclr-17591	261	15	rate	rate	NOUN
iiclr-17591	261	16	adopted	adopt	VERB
iiclr-17591	261	17	in	in	ADP
iiclr-17591	261	18	march	march	PROPN
iiclr-17591	261	19	1995	1995	NUM
iiclr-17591	261	20	as	as	ADP
iiclr-17591	261	21	part	part	NOUN
iiclr-17591	261	22	of	of	ADP
iiclr-17591	261	23	an	an	DET
iiclr-17591	261	24	extraordinary	extraordinary	ADJ
iiclr-17591	261	25	,	,	PUNCT
iiclr-17591	261	26	but	but	CCONJ
iiclr-17591	261	27	not	not	PART
iiclr-17591	261	28	temporary	temporary	ADJ
iiclr-17591	261	29	,	,	PUNCT
iiclr-17591	261	30	national	national	ADJ
iiclr-17591	261	31	budget	budget	NOUN
iiclr-17591	261	32	containment	containment	NOUN
iiclr-17591	261	33	measure	measure	NOUN
iiclr-17591	261	34	,	,	PUNCT
iiclr-17591	261	35	the	the	DET
iiclr-17591	261	36	tax	tax	NOUN
iiclr-17591	261	37	credit	credit	NOUN
iiclr-17591	261	38	does	do	AUX
iiclr-17591	261	39	not	not	PART
iiclr-17591	261	40	restore	restore	VERB
iiclr-17591	261	41	completely	completely	ADV
iiclr-17591	261	42	the	the	DET
iiclr-17591	261	43	shareholder	shareholder	NOUN
iiclr-17591	261	44	of	of	ADP
iiclr-17591	261	45	the	the	DET
iiclr-17591	261	46	corporate	corporate	ADJ
iiclr-17591	261	47	income	income	NOUN
iiclr-17591	261	48	tax	tax	NOUN
iiclr-17591	261	49	anymore	anymore	ADV
iiclr-17591	261	50	.	.	PUNCT
iiclr-17591	262	1	of	of	ADP
iiclr-17591	262	2	course	course	NOUN
iiclr-17591	262	3	,	,	PUNCT
iiclr-17591	262	4	shareholders	shareholder	NOUN
iiclr-17591	262	5	do	do	AUX
iiclr-17591	262	6	not	not	PART
iiclr-17591	262	7	receive	receive	VERB
iiclr-17591	262	8	credit	credit	NOUN
iiclr-17591	262	9	for	for	ADP
iiclr-17591	262	10	the	the	DET
iiclr-17591	262	11	income	income	NOUN
iiclr-17591	262	12	tax	tax	NOUN
iiclr-17591	262	13	the	the	DET
iiclr-17591	262	14	company	company	NOUN
iiclr-17591	262	15	pays	pay	VERB
iiclr-17591	262	16	on	on	ADP
iiclr-17591	262	17	earnings	earning	NOUN
iiclr-17591	262	18	that	that	PRON
iiclr-17591	262	19	are	be	AUX
iiclr-17591	262	20	retained	retain	VERB
iiclr-17591	262	21	.	.	PUNCT
iiclr-17591	263	1	under	under	ADP
iiclr-17591	263	2	art	art	NOUN
iiclr-17591	263	3	.	.	PUNCT
iiclr-17591	264	1	4	4	NUM
iiclr-17591	264	2	,	,	PUNCT
iiclr-17591	264	3	law	law	NOUN
iiclr-17591	264	4	of	of	ADP
iiclr-17591	264	5	aug	aug	PROPN
iiclr-17591	264	6	.	.	PROPN
iiclr-17591	264	7	8	8	NUM
iiclr-17591	264	8	,	,	PUNCT
iiclr-17591	264	9	1994	1994	NUM
iiclr-17591	264	10	,	,	PUNCT
iiclr-17591	264	11	no	no	INTJ
iiclr-17591	264	12	.	.	NOUN
iiclr-17591	264	13	489	489	NUM
iiclr-17591	264	14	,	,	PUNCT
iiclr-17591	264	15	individual	individual	ADJ
iiclr-17591	264	16	shareholders	shareholder	NOUN
iiclr-17591	264	17	of	of	ADP
iiclr-17591	264	18	listed	list	VERB
iiclr-17591	264	19	companies	company	NOUN
iiclr-17591	264	20	are	be	AUX
iiclr-17591	264	21	entitled	entitle	VERB
iiclr-17591	264	22	to	to	PART
iiclr-17591	264	23	give	give	VERB
iiclr-17591	264	24	up	up	ADP
iiclr-17591	264	25	the	the	DET
iiclr-17591	264	26	tax	tax	NOUN
iiclr-17591	264	27	credit	credit	NOUN
iiclr-17591	264	28	and	and	CCONJ
iiclr-17591	264	29	to	to	PART
iiclr-17591	264	30	opt	opt	VERB
iiclr-17591	264	31	instead	instead	ADV
iiclr-17591	264	32	for	for	ADP
iiclr-17591	264	33	a	a	DET
iiclr-17591	264	34	flat	flat	ADJ
iiclr-17591	264	35	tax	tax	NOUN
iiclr-17591	264	36	of	of	ADP
iiclr-17591	264	37	12.5	12.5	NUM
iiclr-17591	264	38	%	%	NOUN
iiclr-17591	264	39	,	,	PUNCT
iiclr-17591	264	40	which	which	PRON
iiclr-17591	264	41	is	be	AUX
iiclr-17591	264	42	attractive	attractive	ADJ
iiclr-17591	264	43	only	only	ADV
iiclr-17591	264	44	for	for	ADP
iiclr-17591	264	45	highbracket	highbracket	ADJ
iiclr-17591	264	46	taxpayers	taxpayer	NOUN
iiclr-17591	264	47	.	.	PUNCT
iiclr-17591	265	1	the	the	DET
iiclr-17591	265	2	set	set	NOUN
iiclr-17591	265	3	-	-	PUNCT
iiclr-17591	265	4	off	off	NOUN
iiclr-17591	265	5	is	be	AUX
iiclr-17591	265	6	made	make	VERB
iiclr-17591	265	7	according	accord	VERB
iiclr-17591	265	8	to	to	ADP
iiclr-17591	265	9	a	a	DET
iiclr-17591	265	10	rather	rather	ADV
iiclr-17591	265	11	complicated	complicated	ADJ
iiclr-17591	265	12	formula	formula	NOUN
iiclr-17591	265	13	:	:	PUNCT
iiclr-17591	265	14	a	a	DET
iiclr-17591	265	15	1,000	1,000	NUM
iiclr-17591	265	16	-	-	PUNCT
iiclr-17591	265	17	lira	lira	NOUN
iiclr-17591	265	18	dividend	dividend	NOUN
iiclr-17591	265	19	gives	give	VERB
iiclr-17591	265	20	rise	rise	NOUN
iiclr-17591	265	21	to	to	ADP
iiclr-17591	265	22	a	a	DET
iiclr-17591	265	23	taxable	taxable	ADJ
iiclr-17591	265	24	income	income	NOUN
iiclr-17591	265	25	of	of	ADP
iiclr-17591	265	26	1,562.5	1,562.5	NUM
iiclr-17591	265	27	liras	lira	NOUN
iiclr-17591	265	28	,	,	PUNCT
iiclr-17591	265	29	but	but	CCONJ
iiclr-17591	265	30	the	the	DET
iiclr-17591	265	31	shareholder	shareholder	NOUN
iiclr-17591	265	32	is	be	AUX
iiclr-17591	265	33	entitled	entitle	VERB
iiclr-17591	265	34	to	to	ADP
iiclr-17591	265	35	a	a	DET
iiclr-17591	265	36	tax	tax	NOUN
iiclr-17591	265	37	credit	credit	NOUN
iiclr-17591	265	38	of	of	ADP
iiclr-17591	265	39	562.5	562.5	NUM
iiclr-17591	265	40	liras	lira	NOUN
iiclr-17591	265	41	(	(	PUNCT
iiclr-17591	265	42	amounting	amount	VERB
iiclr-17591	265	43	approximately	approximately	ADV
iiclr-17591	265	44	to	to	ADP
iiclr-17591	265	45	the	the	DET
iiclr-17591	265	46	general	general	ADJ
iiclr-17591	265	47	corporate	corporate	ADJ
iiclr-17591	265	48	income	income	NOUN
iiclr-17591	265	49	tax	tax	NOUN
iiclr-17591	265	50	paid	pay	VERB
iiclr-17591	265	51	by	by	ADP
iiclr-17591	265	52	the	the	DET
iiclr-17591	265	53	corporation	corporation	NOUN
iiclr-17591	265	54	)	)	PUNCT
iiclr-17591	265	55	;	;	PUNCT
iiclr-17591	265	56	thus	thus	ADV
iiclr-17591	265	57	,	,	PUNCT
iiclr-17591	265	58	considering	consider	VERB
iiclr-17591	265	59	the	the	DET
iiclr-17591	265	60	health	health	NOUN
iiclr-17591	265	61	care	care	PROPN
iiclr-17591	265	62	service	service	NOUN
iiclr-17591	265	63	contribution	contribution	NOUN
iiclr-17591	265	64	:	:	PUNCT
iiclr-17591	265	65	a	a	DET
iiclr-17591	265	66	shareholder	shareholder	NOUN
iiclr-17591	265	67	whose	whose	DET
iiclr-17591	265	68	tax	tax	NOUN
iiclr-17591	265	69	bracket	bracket	NOUN
iiclr-17591	265	70	is	be	AUX
iiclr-17591	265	71	10	10	NUM
iiclr-17591	265	72	%	%	NOUN
iiclr-17591	265	73	actually	actually	ADV
iiclr-17591	265	74	receives	receive	VERB
iiclr-17591	265	75	a	a	DET
iiclr-17591	265	76	"	"	PUNCT
iiclr-17591	265	77	dividend	dividend	NOUN
iiclr-17591	265	78	"	"	PUNCT
iiclr-17591	265	79	of	of	ADP
iiclr-17591	265	80	about	about	ADV
iiclr-17591	265	81	1,300	1,300	NUM
iiclr-17591	265	82	liras	lira	NOUN
iiclr-17591	265	83	,	,	PUNCT
iiclr-17591	265	84	[	[	X
iiclr-17591	265	85	vol	vol	NOUN
iiclr-17591	265	86	.	.	PUNCT
iiclr-17591	266	1	6:1	6:1	NUM
iiclr-17591	266	2	corporate	corporate	ADJ
iiclr-17591	266	3	governance	governance	NOUN
iiclr-17591	266	4	in	in	ADP
iiclr-17591	266	5	italy	italy	PROPN
iiclr-17591	266	6	is	be	AUX
iiclr-17591	266	7	very	very	ADV
iiclr-17591	266	8	likely	likely	ADJ
iiclr-17591	266	9	,	,	PUNCT
iiclr-17591	266	10	then	then	ADV
iiclr-17591	266	11	,	,	PUNCT
iiclr-17591	266	12	that	that	PRON
iiclr-17591	266	13	intangible	intangible	ADJ
iiclr-17591	266	14	but	but	CCONJ
iiclr-17591	266	15	extremely	extremely	ADV
iiclr-17591	266	16	important	important	ADJ
iiclr-17591	266	17	considerations	consideration	NOUN
iiclr-17591	266	18	of	of	ADP
iiclr-17591	266	19	"	"	PUNCT
iiclr-17591	266	20	corporate	corporate	ADJ
iiclr-17591	266	21	image	image	NOUN
iiclr-17591	266	22	"	"	PUNCT
iiclr-17591	266	23	come	come	VERB
iiclr-17591	266	24	into	into	ADP
iiclr-17591	266	25	play	play	NOUN
iiclr-17591	266	26	in	in	ADP
iiclr-17591	266	27	determining	determine	VERB
iiclr-17591	266	28	the	the	DET
iiclr-17591	266	29	corporate	corporate	ADJ
iiclr-17591	266	30	landscape	landscape	NOUN
iiclr-17591	266	31	.	.	PUNCT
iiclr-17591	267	1	companies	company	NOUN
iiclr-17591	267	2	,	,	PUNCT
iiclr-17591	267	3	as	as	SCONJ
iiclr-17591	267	4	they	they	PRON
iiclr-17591	267	5	grow	grow	VERB
iiclr-17591	267	6	,	,	PUNCT
iiclr-17591	267	7	need	need	VERB
iiclr-17591	267	8	to	to	PART
iiclr-17591	267	9	hold	hold	VERB
iiclr-17591	267	10	themselves	themselves	PRON
iiclr-17591	267	11	out	out	ADP
iiclr-17591	267	12	as	as	ADP
iiclr-17591	267	13	serious	serious	ADJ
iiclr-17591	267	14	enterprises	enterprise	NOUN
iiclr-17591	267	15	,	,	PUNCT
iiclr-17591	267	16	and	and	CCONJ
iiclr-17591	267	17	therefore	therefore	ADV
iiclr-17591	267	18	,	,	PUNCT
iiclr-17591	267	19	they	they	PRON
iiclr-17591	267	20	need	need	VERB
iiclr-17591	267	21	to	to	PART
iiclr-17591	267	22	wear	wear	VERB
iiclr-17591	267	23	the	the	DET
iiclr-17591	267	24	clothes	clothe	NOUN
iiclr-17591	267	25	typical	typical	ADJ
iiclr-17591	267	26	of	of	ADP
iiclr-17591	267	27	serious	serious	ADJ
iiclr-17591	267	28	enterprises	enterprise	NOUN
iiclr-17591	267	29	,	,	PUNCT
iiclr-17591	267	30	i.e.	i.e.	X
iiclr-17591	267	31	,	,	PUNCT
iiclr-17591	267	32	the	the	DET
iiclr-17591	267	33	form	form	NOUN
iiclr-17591	267	34	of	of	ADP
iiclr-17591	267	35	the	the	DET
iiclr-17591	267	36	societ4	societ4	NOUN
iiclr-17591	267	37	per	per	ADP
iiclr-17591	267	38	azioni	azioni	PROPN
iiclr-17591	267	39	.	.	PUNCT
iiclr-17591	268	1	everyone	everyone	PRON
iiclr-17591	268	2	with	with	ADP
iiclr-17591	268	3	any	any	DET
iiclr-17591	268	4	practical	practical	ADJ
iiclr-17591	268	5	experience	experience	NOUN
iiclr-17591	268	6	knows	know	VERB
iiclr-17591	268	7	how	how	SCONJ
iiclr-17591	268	8	serious	serious	ADJ
iiclr-17591	268	9	concerns	concern	NOUN
iiclr-17591	268	10	of	of	ADP
iiclr-17591	268	11	this	this	DET
iiclr-17591	268	12	kind	kind	NOUN
iiclr-17591	268	13	are	be	AUX
iiclr-17591	268	14	.	.	PUNCT
iiclr-17591	269	1	legal	legal	ADJ
iiclr-17591	269	2	and	and	CCONJ
iiclr-17591	269	3	non	non	ADJ
iiclr-17591	269	4	-	-	ADJ
iiclr-17591	269	5	legal	legal	ADJ
iiclr-17591	269	6	constraints	constraint	NOUN
iiclr-17591	269	7	,	,	PUNCT
iiclr-17591	269	8	thus	thus	ADV
iiclr-17591	269	9	,	,	PUNCT
iiclr-17591	269	10	render	render	VERB
iiclr-17591	269	11	more	more	ADJ
iiclr-17591	269	12	"	"	PUNCT
iiclr-17591	269	13	costly	costly	ADJ
iiclr-17591	269	14	,	,	PUNCT
iiclr-17591	269	15	"	"	PUNCT
iiclr-17591	269	16	in	in	ADP
iiclr-17591	269	17	a	a	DET
iiclr-17591	269	18	broad	broad	ADJ
iiclr-17591	269	19	sense	sense	NOUN
iiclr-17591	269	20	,	,	PUNCT
iiclr-17591	269	21	the	the	DET
iiclr-17591	269	22	adoption	adoption	NOUN
iiclr-17591	269	23	of	of	ADP
iiclr-17591	269	24	the	the	DET
iiclr-17591	269	25	legal	legal	ADJ
iiclr-17591	269	26	structure	structure	NOUN
iiclr-17591	269	27	of	of	ADP
iiclr-17591	269	28	the	the	DET
iiclr-17591	269	29	societa	societa	NOUN
iiclr-17591	269	30	a	a	DET
iiclr-17591	269	31	responsabiliti	responsabiliti	ADJ
iiclr-17591	269	32	limitata	limitata	NOUN
iiclr-17591	269	33	for	for	ADP
iiclr-17591	269	34	medium	medium	ADJ
iiclr-17591	269	35	-	-	PUNCT
iiclr-17591	269	36	large	large	ADJ
iiclr-17591	269	37	firms	firm	NOUN
iiclr-17591	269	38	.	.	PUNCT
iiclr-17591	270	1	such	such	ADJ
iiclr-17591	270	2	firms	firm	NOUN
iiclr-17591	270	3	,	,	PUNCT
iiclr-17591	270	4	then	then	ADV
iiclr-17591	270	5	,	,	PUNCT
iiclr-17591	270	6	normally	normally	ADV
iiclr-17591	270	7	choose	choose	VERB
iiclr-17591	270	8	the	the	DET
iiclr-17591	270	9	form	form	NOUN
iiclr-17591	270	10	of	of	ADP
iiclr-17591	270	11	the	the	DET
iiclr-17591	270	12	societii	societii	NOUN
iiclr-17591	270	13	per	per	ADP
iiclr-17591	270	14	azioni	azioni	NOUN
iiclr-17591	270	15	.	.	PUNCT
iiclr-17591	271	1	"6	"6	NOUN
iiclr-17591	271	2	in	in	ADP
iiclr-17591	271	3	the	the	DET
iiclr-17591	271	4	following	following	ADJ
iiclr-17591	271	5	pages	page	NOUN
iiclr-17591	271	6	,	,	PUNCT
iiclr-17591	271	7	therefore	therefore	ADV
iiclr-17591	271	8	,	,	PUNCT
iiclr-17591	271	9	we	we	PRON
iiclr-17591	271	10	will	will	AUX
iiclr-17591	271	11	examine	examine	VERB
iiclr-17591	271	12	the	the	DET
iiclr-17591	271	13	a	a	DET
iiclr-17591	271	14	shareholder	shareholder	NOUN
iiclr-17591	271	15	whose	whose	DET
iiclr-17591	271	16	tax	tax	NOUN
iiclr-17591	271	17	bracket	bracket	NOUN
iiclr-17591	271	18	is	be	AUX
iiclr-17591	271	19	27	27	NUM
iiclr-17591	271	20	%	%	NOUN
iiclr-17591	271	21	actually	actually	ADV
iiclr-17591	271	22	receives	receive	VERB
iiclr-17591	271	23	a	a	DET
iiclr-17591	271	24	"	"	PUNCT
iiclr-17591	271	25	dividend	dividend	NOUN
iiclr-17591	271	26	"	"	PUNCT
iiclr-17591	271	27	of	of	ADP
iiclr-17591	271	28	about	about	ADV
iiclr-17591	271	29	1,050	1,050	NUM
iiclr-17591	271	30	liras	lira	NOUN
iiclr-17591	271	31	;	;	PUNCT
iiclr-17591	271	32	a	a	DET
iiclr-17591	271	33	shareholder	shareholder	NOUN
iiclr-17591	271	34	whose	whose	DET
iiclr-17591	271	35	tax	tax	NOUN
iiclr-17591	271	36	bracket	bracket	NOUN
iiclr-17591	271	37	is	be	AUX
iiclr-17591	271	38	41	41	NUM
iiclr-17591	271	39	%	%	NOUN
iiclr-17591	271	40	actually	actually	ADV
iiclr-17591	271	41	receives	receive	VERB
iiclr-17591	271	42	a	a	DET
iiclr-17591	271	43	"	"	PUNCT
iiclr-17591	271	44	dividend	dividend	NOUN
iiclr-17591	271	45	"	"	PUNCT
iiclr-17591	271	46	of	of	ADP
iiclr-17591	271	47	about	about	ADV
iiclr-17591	271	48	850	850	NUM
iiclr-17591	271	49	liras	lira	NOUN
iiclr-17591	271	50	;	;	PUNCT
iiclr-17591	271	51	a	a	DET
iiclr-17591	271	52	shareholder	shareholder	NOUN
iiclr-17591	271	53	whose	whose	DET
iiclr-17591	271	54	tax	tax	NOUN
iiclr-17591	271	55	bracket	bracket	NOUN
iiclr-17591	271	56	is	be	AUX
iiclr-17591	271	57	51	51	NUM
iiclr-17591	271	58	%	%	NOUN
iiclr-17591	271	59	(	(	PUNCT
iiclr-17591	271	60	at	at	ADP
iiclr-17591	271	61	this	this	DET
iiclr-17591	271	62	level	level	NOUN
iiclr-17591	271	63	of	of	ADP
iiclr-17591	271	64	income	income	NOUN
iiclr-17591	271	65	the	the	DET
iiclr-17591	271	66	health	health	NOUN
iiclr-17591	271	67	care	care	NOUN
iiclr-17591	271	68	contribution	contribution	NOUN
iiclr-17591	271	69	has	have	AUX
iiclr-17591	271	70	reached	reach	VERB
iiclr-17591	271	71	a	a	DET
iiclr-17591	271	72	ceiling	ceiling	NOUN
iiclr-17591	271	73	,	,	PUNCT
iiclr-17591	271	74	so	so	SCONJ
iiclr-17591	271	75	that	that	SCONJ
iiclr-17591	271	76	one	one	PRON
iiclr-17591	271	77	can	can	AUX
iiclr-17591	271	78	assume	assume	VERB
iiclr-17591	271	79	dividends	dividend	NOUN
iiclr-17591	271	80	as	as	ADP
iiclr-17591	271	81	subject	subject	NOUN
iiclr-17591	271	82	only	only	ADV
iiclr-17591	271	83	to	to	ADP
iiclr-17591	271	84	the	the	DET
iiclr-17591	271	85	personal	personal	ADJ
iiclr-17591	271	86	income	income	NOUN
iiclr-17591	271	87	tax	tax	NOUN
iiclr-17591	271	88	)	)	PUNCT
iiclr-17591	271	89	actually	actually	ADV
iiclr-17591	271	90	receives	receive	VERB
iiclr-17591	271	91	a	a	DET
iiclr-17591	271	92	"	"	PUNCT
iiclr-17591	271	93	dividend	dividend	NOUN
iiclr-17591	271	94	"	"	PUNCT
iiclr-17591	271	95	of	of	ADP
iiclr-17591	271	96	about	about	ADV
iiclr-17591	271	97	750	750	NUM
iiclr-17591	271	98	liras	lira	NOUN
iiclr-17591	271	99	.	.	PUNCT
iiclr-17591	272	1	(	(	PUNCT
iiclr-17591	272	2	hypotheticals	hypothetical	NOUN
iiclr-17591	272	3	found	find	VERB
iiclr-17591	272	4	in	in	ADP
iiclr-17591	272	5	il	il	PROPN
iiclr-17591	272	6	sole	sole	ADJ
iiclr-17591	272	7	24	24	NUM
iiclr-17591	272	8	ore	ore	NOUN
iiclr-17591	272	9	,	,	PUNCT
iiclr-17591	272	10	june	june	PROPN
iiclr-17591	272	11	9	9	NUM
iiclr-17591	272	12	,	,	PUNCT
iiclr-17591	272	13	1994	1994	NUM
iiclr-17591	272	14	,	,	PUNCT
iiclr-17591	272	15	at	at	ADP
iiclr-17591	272	16	3	3	NUM
iiclr-17591	272	17	,	,	PUNCT
iiclr-17591	272	18	and	and	CCONJ
iiclr-17591	272	19	adapted	adapt	VERB
iiclr-17591	272	20	to	to	ADP
iiclr-17591	272	21	the	the	DET
iiclr-17591	272	22	increase	increase	NOUN
iiclr-17591	272	23	of	of	ADP
iiclr-17591	272	24	one	one	NUM
iiclr-17591	272	25	percentage	percentage	NOUN
iiclr-17591	272	26	point	point	NOUN
iiclr-17591	272	27	in	in	ADP
iiclr-17591	272	28	both	both	CCONJ
iiclr-17591	272	29	the	the	DET
iiclr-17591	272	30	corporate	corporate	ADJ
iiclr-17591	272	31	tax	tax	NOUN
iiclr-17591	272	32	rate	rate	NOUN
iiclr-17591	272	33	and	and	CCONJ
iiclr-17591	272	34	the	the	DET
iiclr-17591	272	35	national	national	PROPN
iiclr-17591	272	36	health	health	PROPN
iiclr-17591	272	37	care	care	PROPN
iiclr-17591	272	38	service	service	NOUN
iiclr-17591	272	39	contribution	contribution	NOUN
iiclr-17591	272	40	resulting	result	VERB
iiclr-17591	272	41	from	from	ADP
iiclr-17591	272	42	the	the	DET
iiclr-17591	272	43	mentioned	mention	VERB
iiclr-17591	272	44	budget	budget	NOUN
iiclr-17591	272	45	measure	measure	NOUN
iiclr-17591	272	46	adopted	adopt	VERB
iiclr-17591	272	47	in	in	ADP
iiclr-17591	272	48	march	march	PROPN
iiclr-17591	272	49	1995	1995	NUM
iiclr-17591	272	50	.	.	PUNCT
iiclr-17591	273	1	this	this	DET
iiclr-17591	273	2	measure	measure	NOUN
iiclr-17591	273	3	has	have	AUX
iiclr-17591	273	4	obviously	obviously	ADV
iiclr-17591	273	5	reduced	reduce	VERB
iiclr-17591	273	6	the	the	DET
iiclr-17591	273	7	amount	amount	NOUN
iiclr-17591	273	8	of	of	ADP
iiclr-17591	273	9	corporate	corporate	ADJ
iiclr-17591	273	10	income	income	NOUN
iiclr-17591	273	11	that	that	PRON
iiclr-17591	273	12	goes	go	VERB
iiclr-17591	273	13	into	into	ADP
iiclr-17591	273	14	,	,	PUNCT
iiclr-17591	273	15	and	and	CCONJ
iiclr-17591	273	16	stays	stay	VERB
iiclr-17591	273	17	,	,	PUNCT
iiclr-17591	273	18	in	in	ADP
iiclr-17591	273	19	the	the	DET
iiclr-17591	273	20	shareholders	shareholder	NOUN
iiclr-17591	273	21	'	'	PART
iiclr-17591	273	22	pockets	pocket	NOUN
iiclr-17591	273	23	.	.	PUNCT
iiclr-17591	273	24	)	)	PUNCT
iiclr-17591	274	1	25	25	NUM
iiclr-17591	274	2	.	.	PUNCT
iiclr-17591	275	1	the	the	DET
iiclr-17591	275	2	call	call	NOUN
iiclr-17591	275	3	for	for	ADP
iiclr-17591	275	4	ashareholders	ashareholder	NOUN
iiclr-17591	275	5	'	'	PART
iiclr-17591	275	6	meeting	meeting	NOUN
iiclr-17591	275	7	and	and	CCONJ
iiclr-17591	275	8	a	a	DET
iiclr-17591	275	9	few	few	ADJ
iiclr-17591	275	10	other	other	ADJ
iiclr-17591	275	11	operations	operation	NOUN
iiclr-17591	275	12	are	be	AUX
iiclr-17591	275	13	more	more	ADV
iiclr-17591	275	14	complex	complex	ADJ
iiclr-17591	275	15	and	and	CCONJ
iiclr-17591	275	16	costly	costly	ADJ
iiclr-17591	275	17	in	in	ADP
iiclr-17591	275	18	the	the	DET
iiclr-17591	275	19	societ	societ	NOUN
iiclr-17591	275	20	)	)	PUNCT
iiclr-17591	275	21	per	per	ADP
iiclr-17591	275	22	azioni	azioni	X
iiclr-17591	275	23	than	than	ADP
iiclr-17591	275	24	in	in	ADP
iiclr-17591	275	25	the	the	DET
iiclr-17591	275	26	societ	societ	PROPN
iiclr-17591	275	27	a	a	DET
iiclr-17591	275	28	a	a	DET
iiclr-17591	275	29	responsabilita	responsabilita	NOUN
iiclr-17591	275	30	limitata	limitata	NOUN
iiclr-17591	275	31	;	;	PUNCT
iiclr-17591	275	32	otherwise	otherwise	ADV
iiclr-17591	275	33	,	,	PUNCT
iiclr-17591	275	34	most	most	ADJ
iiclr-17591	275	35	of	of	ADP
iiclr-17591	275	36	the	the	DET
iiclr-17591	275	37	costs	cost	NOUN
iiclr-17591	275	38	are	be	AUX
iiclr-17591	275	39	identical	identical	ADJ
iiclr-17591	275	40	,	,	PUNCT
iiclr-17591	275	41	or	or	CCONJ
iiclr-17591	275	42	only	only	ADV
iiclr-17591	275	43	slightly	slightly	ADV
iiclr-17591	275	44	lower	low	ADJ
iiclr-17591	275	45	in	in	ADP
iiclr-17591	275	46	the	the	DET
iiclr-17591	275	47	societa	societa	NOUN
iiclr-17591	275	48	a	a	DET
iiclr-17591	275	49	responsabilitl	responsabilitl	PROPN
iiclr-17591	275	50	limitata	limitata	NOUN
iiclr-17591	275	51	.	.	PUNCT
iiclr-17591	276	1	(	(	PUNCT
iiclr-17591	276	2	a	a	DET
iiclr-17591	276	3	substantial	substantial	ADJ
iiclr-17591	276	4	difference	difference	NOUN
iiclr-17591	276	5	in	in	ADP
iiclr-17591	276	6	annual	annual	ADJ
iiclr-17591	276	7	corporate	corporate	ADJ
iiclr-17591	276	8	franchise	franchise	NOUN
iiclr-17591	276	9	tax	tax	NOUN
iiclr-17591	276	10	has	have	AUX
iiclr-17591	276	11	been	be	AUX
iiclr-17591	276	12	recently	recently	ADV
iiclr-17591	276	13	eliminated	eliminate	VERB
iiclr-17591	276	14	.	.	PUNCT
iiclr-17591	277	1	this	this	DET
iiclr-17591	277	2	difference	difference	NOUN
iiclr-17591	277	3	could	could	AUX
iiclr-17591	277	4	account	account	VERB
iiclr-17591	277	5	for	for	ADP
iiclr-17591	277	6	a	a	DET
iiclr-17591	277	7	part	part	NOUN
iiclr-17591	277	8	of	of	ADP
iiclr-17591	277	9	the	the	DET
iiclr-17591	277	10	past	past	ADJ
iiclr-17591	277	11	success	success	NOUN
iiclr-17591	277	12	of	of	ADP
iiclr-17591	277	13	the	the	DET
iiclr-17591	277	14	societ	societ	PROPN
iiclr-17591	277	15	a	a	DET
iiclr-17591	277	16	responsabilit	responsabilit	ADJ
iiclr-17591	277	17	limitata	limitata	NOUN
iiclr-17591	277	18	.	.	PUNCT
iiclr-17591	277	19	)	)	PUNCT
iiclr-17591	278	1	the	the	DET
iiclr-17591	278	2	difference	difference	NOUN
iiclr-17591	278	3	is	be	AUX
iiclr-17591	278	4	significant	significant	ADJ
iiclr-17591	278	5	,	,	PUNCT
iiclr-17591	278	6	however	however	ADV
iiclr-17591	278	7	,	,	PUNCT
iiclr-17591	278	8	for	for	ADP
iiclr-17591	278	9	small	small	ADJ
iiclr-17591	278	10	societa	societa	PROPN
iiclr-17591	278	11	a	a	DET
iiclr-17591	278	12	responsabilit	responsabilit	NOUN
iiclr-17591	278	13	)	)	PUNCT
iiclr-17591	278	14	limitata	limitata	NOUN
iiclr-17591	278	15	,	,	PUNCT
iiclr-17591	278	16	for	for	ADP
iiclr-17591	278	17	which	which	PRON
iiclr-17591	278	18	the	the	DET
iiclr-17591	278	19	board	board	NOUN
iiclr-17591	278	20	of	of	ADP
iiclr-17591	278	21	auditors	auditor	NOUN
iiclr-17591	278	22	is	be	AUX
iiclr-17591	278	23	optional	optional	ADJ
iiclr-17591	278	24	(	(	PUNCT
iiclr-17591	278	25	"	"	PUNCT
iiclr-17591	278	26	small	small	ADJ
iiclr-17591	278	27	,	,	PUNCT
iiclr-17591	278	28	'	'	PUNCT
iiclr-17591	278	29	here	here	ADV
iiclr-17591	278	30	,	,	PUNCT
iiclr-17591	278	31	means	mean	VERB
iiclr-17591	278	32	capital	capital	NOUN
iiclr-17591	278	33	less	less	ADJ
iiclr-17591	278	34	than	than	ADP
iiclr-17591	278	35	200	200	NUM
iiclr-17591	278	36	million	million	NUM
iiclr-17591	278	37	liras	lira	NOUN
iiclr-17591	278	38	and	and	CCONJ
iiclr-17591	278	39	limited	limited	ADJ
iiclr-17591	278	40	business	business	NOUN
iiclr-17591	278	41	size	size	NOUN
iiclr-17591	278	42	,	,	PUNCT
iiclr-17591	278	43	as	as	SCONJ
iiclr-17591	278	44	defined	define	VERB
iiclr-17591	278	45	in	in	ADP
iiclr-17591	278	46	c.c	c.c	PROPN
iiclr-17591	278	47	.	.	PROPN
iiclr-17591	278	48	art	art	PROPN
iiclr-17591	278	49	.	.	PUNCT
iiclr-17591	279	1	2435	2435	NUM
iiclr-17591	279	2	-	-	PUNCT
iiclr-17591	279	3	bis	bis	X
iiclr-17591	279	4	(	(	PUNCT
iiclr-17591	279	5	italy	italy	PROPN
iiclr-17591	279	6	)	)	PUNCT
iiclr-17591	279	7	,	,	PUNCT
iiclr-17591	279	8	to	to	PART
iiclr-17591	279	9	be	be	AUX
iiclr-17591	279	10	read	read	VERB
iiclr-17591	279	11	in	in	ADP
iiclr-17591	279	12	connection	connection	NOUN
iiclr-17591	279	13	with	with	ADP
iiclr-17591	279	14	c.c	c.c	PROPN
iiclr-17591	279	15	.	.	PROPN
iiclr-17591	279	16	art	art	PROPN
iiclr-17591	279	17	.	.	PUNCT
iiclr-17591	280	1	2488	2488	NUM
iiclr-17591	280	2	(	(	PUNCT
iiclr-17591	280	3	italy	italy	PROPN
iiclr-17591	280	4	)	)	PUNCT
iiclr-17591	280	5	)	)	PUNCT
iiclr-17591	280	6	.	.	PUNCT
iiclr-17591	281	1	26	26	NUM
iiclr-17591	281	2	.	.	PUNCT
iiclr-17591	282	1	as	as	ADP
iiclr-17591	282	2	of	of	ADP
iiclr-17591	282	3	1993	1993	NUM
iiclr-17591	282	4	,	,	PUNCT
iiclr-17591	282	5	among	among	ADP
iiclr-17591	282	6	the	the	DET
iiclr-17591	282	7	1,000	1,000	NUM
iiclr-17591	282	8	largest	large	ADJ
iiclr-17591	282	9	italian	italian	ADJ
iiclr-17591	282	10	companies	company	NOUN
iiclr-17591	282	11	,	,	PUNCT
iiclr-17591	282	12	excluding	exclude	VERB
iiclr-17591	282	13	banks	bank	NOUN
iiclr-17591	282	14	and	and	CCONJ
iiclr-17591	282	15	insurance	insurance	NOUN
iiclr-17591	282	16	companies	company	NOUN
iiclr-17591	282	17	,	,	PUNCT
iiclr-17591	282	18	classified	classify	VERB
iiclr-17591	282	19	by	by	ADP
iiclr-17591	282	20	annual	annual	ADJ
iiclr-17591	282	21	turnover	turnover	NOUN
iiclr-17591	282	22	,	,	PUNCT
iiclr-17591	282	23	there	there	PRON
iiclr-17591	282	24	were	be	VERB
iiclr-17591	282	25	810	810	NUM
iiclr-17591	282	26	societa	societa	NOUN
iiclr-17591	282	27	per	per	ADP
iiclr-17591	282	28	azioni	azioni	PROPN
iiclr-17591	282	29	,	,	PUNCT
iiclr-17591	282	30	116	116	NUM
iiclr-17591	282	31	s.r.l	s.r.l	NOUN
iiclr-17591	282	32	,	,	PUNCT
iiclr-17591	282	33	37	37	NUM
iiclr-17591	282	34	cooperatives	cooperative	NOUN
iiclr-17591	282	35	and	and	CCONJ
iiclr-17591	282	36	consortia	consortia	NOUN
iiclr-17591	282	37	,	,	PUNCT
iiclr-17591	282	38	two	two	NUM
iiclr-17591	282	39	foreign	foreign	ADJ
iiclr-17591	282	40	companies	company	NOUN
iiclr-17591	282	41	,	,	PUNCT
iiclr-17591	282	42	one	one	NUM
iiclr-17591	282	43	public	public	ADJ
iiclr-17591	282	44	entity	entity	NOUN
iiclr-17591	282	45	.	.	PUNCT
iiclr-17591	283	1	thirty	thirty	NUM
iiclr-17591	283	2	-	-	PUNCT
iiclr-17591	283	3	four	four	NUM
iiclr-17591	283	4	companies	company	NOUN
iiclr-17591	283	5	were	be	AUX
iiclr-17591	283	6	reported	report	VERB
iiclr-17591	283	7	without	without	ADP
iiclr-17591	283	8	indication	indication	NOUN
iiclr-17591	283	9	of	of	ADP
iiclr-17591	283	10	the	the	DET
iiclr-17591	283	11	legal	legal	ADJ
iiclr-17591	283	12	form	form	NOUN
iiclr-17591	283	13	in	in	ADP
iiclr-17591	283	14	the	the	DET
iiclr-17591	283	15	name	name	NOUN
iiclr-17591	283	16	.	.	PUNCT
iiclr-17591	284	1	(	(	PUNCT
iiclr-17591	284	2	some	some	PRON
iiclr-17591	284	3	of	of	ADP
iiclr-17591	284	4	which	which	PRON
iiclr-17591	284	5	were	be	AUX
iiclr-17591	284	6	subsidiaries	subsidiary	NOUN
iiclr-17591	284	7	of	of	ADP
iiclr-17591	284	8	large	large	ADJ
iiclr-17591	284	9	groups	group	NOUN
iiclr-17591	284	10	)	)	PUNCT
iiclr-17591	284	11	.	.	PUNCT
iiclr-17591	285	1	of	of	ADP
iiclr-17591	285	2	the	the	DET
iiclr-17591	285	3	first	first	ADJ
iiclr-17591	285	4	100	100	NUM
iiclr-17591	285	5	companies	company	NOUN
iiclr-17591	285	6	,	,	PUNCT
iiclr-17591	285	7	all	all	DET
iiclr-17591	285	8	but	but	CCONJ
iiclr-17591	285	9	six	six	NUM
iiclr-17591	285	10	s.r.l	s.r.l	NOUN
iiclr-17591	285	11	.	.	PUNCT
iiclr-17591	286	1	and	and	CCONJ
iiclr-17591	286	2	seven	seven	NUM
iiclr-17591	286	3	cooperatives	cooperative	NOUN
iiclr-17591	286	4	were	be	AUX
iiclr-17591	286	5	societa	societa	NOUN
iiclr-17591	286	6	per	per	ADP
iiclr-17591	286	7	azioni	azioni	PROPN
iiclr-17591	286	8	.	.	PUNCT
iiclr-17591	287	1	more	more	ADV
iiclr-17591	287	2	specifically	specifically	ADV
iiclr-17591	287	3	,	,	PUNCT
iiclr-17591	287	4	as	as	ADP
iiclr-17591	287	5	of	of	ADP
iiclr-17591	287	6	1992	1992	NUM
iiclr-17591	287	7	,	,	PUNCT
iiclr-17591	287	8	among	among	ADP
iiclr-17591	287	9	the	the	DET
iiclr-17591	287	10	5,000	5,000	NUM
iiclr-17591	287	11	largest	large	ADJ
iiclr-17591	287	12	italian	italian	ADJ
iiclr-17591	287	13	companies	company	NOUN
iiclr-17591	287	14	-	-	PUNCT
iiclr-17591	287	15	excluding	exclude	VERB
iiclr-17591	287	16	banks	bank	NOUN
iiclr-17591	287	17	and	and	CCONJ
iiclr-17591	287	18	insurance	insurance	NOUN
iiclr-17591	287	19	companies-4,003	companies-4,003	NOUN
iiclr-17591	287	20	were	be	AUX
iiclr-17591	287	21	s.p.a	s.p.a	NOUN
iiclr-17591	287	22	.	.	PUNCT
iiclr-17591	287	23	,	,	PUNCT
iiclr-17591	287	24	although	although	SCONJ
iiclr-17591	287	25	only	only	ADV
iiclr-17591	287	26	a	a	DET
iiclr-17591	287	27	very	very	ADV
iiclr-17591	287	28	small	small	ADJ
iiclr-17591	287	29	part	part	NOUN
iiclr-17591	287	30	of	of	ADP
iiclr-17591	287	31	them	they	PRON
iiclr-17591	287	32	(	(	PUNCT
iiclr-17591	287	33	less	less	ADJ
iiclr-17591	287	34	than	than	ADP
iiclr-17591	287	35	five	five	NUM
iiclr-17591	287	36	percent	percent	NOUN
iiclr-17591	287	37	)	)	PUNCT
iiclr-17591	287	38	were	be	AUX
iiclr-17591	287	39	listed	list	VERB
iiclr-17591	287	40	on	on	ADP
iiclr-17591	287	41	a	a	DET
iiclr-17591	287	42	stock	stock	NOUN
iiclr-17591	287	43	exchange	exchange	NOUN
iiclr-17591	287	44	.	.	PUNCT
iiclr-17591	288	1	other	other	ADJ
iiclr-17591	288	2	kinds	kind	NOUN
iiclr-17591	288	3	of	of	ADP
iiclr-17591	288	4	companies	company	NOUN
iiclr-17591	288	5	were	be	AUX
iiclr-17591	288	6	distributed	distribute	VERB
iiclr-17591	288	7	as	as	SCONJ
iiclr-17591	288	8	follows	follow	VERB
iiclr-17591	288	9	,	,	PUNCT
iiclr-17591	288	10	in	in	ADP
iiclr-17591	288	11	decreasing	decrease	VERB
iiclr-17591	288	12	size	size	NOUN
iiclr-17591	288	13	order	order	NOUN
iiclr-17591	288	14	:	:	PUNCT
iiclr-17591	288	15	companies	company	NOUN
iiclr-17591	288	16	from	from	ADP
iiclr-17591	288	17	no	no	ADV
iiclr-17591	288	18	.	.	PUNCT
iiclr-17591	289	1	i	i	PRON
iiclr-17591	289	2	to	to	ADP
iiclr-17591	289	3	no	no	PRON
iiclr-17591	289	4	.	.	PROPN
iiclr-17591	290	1	10	10	NUM
iiclr-17591	290	2	(	(	PUNCT
iiclr-17591	290	3	from	from	ADP
iiclr-17591	290	4	30,008	30,008	NUM
iiclr-17591	290	5	to	to	ADP
iiclr-17591	290	6	5,311	5,311	NUM
iiclr-17591	290	7	billion	billion	NUM
iiclr-17591	290	8	lire	lira	NOUN
iiclr-17591	290	9	turnover	turnover	NOUN
iiclr-17591	290	10	):	):	PUNCT
iiclr-17591	290	11	no	no	DET
iiclr-17591	290	12	companies	company	NOUN
iiclr-17591	290	13	other	other	ADJ
iiclr-17591	290	14	than	than	ADP
iiclr-17591	290	15	s.p.a	s.p.a	PROPN
iiclr-17591	290	16	.	.	PUNCT
iiclr-17591	291	1	;	;	PUNCT
iiclr-17591	291	2	companies	company	NOUN
iiclr-17591	291	3	from	from	ADP
iiclr-17591	291	4	no	no	ADV
iiclr-17591	291	5	.	.	PUNCT
iiclr-17591	292	1	i	i	PRON
iiclr-17591	292	2	1	1	NUM
iiclr-17591	292	3	to	to	ADP
iiclr-17591	292	4	no	no	NOUN
iiclr-17591	292	5	.	.	NOUN
iiclr-17591	292	6	100	100	NUM
iiclr-17591	292	7	(	(	PUNCT
iiclr-17591	292	8	from	from	ADP
iiclr-17591	292	9	5,259	5,259	NUM
iiclr-17591	292	10	to	to	ADP
iiclr-17591	292	11	877	877	NUM
iiclr-17591	292	12	billion	billion	NUM
iiclr-17591	292	13	lire	lira	NOUN
iiclr-17591	292	14	turnover	turnover	NOUN
iiclr-17591	292	15	):	):	PUNCT
iiclr-17591	292	16	four	four	NUM
iiclr-17591	292	17	s.r.l	s.r.l	NOUN
iiclr-17591	292	18	(	(	PUNCT
iiclr-17591	292	19	two	two	NUM
iiclr-17591	292	20	of	of	ADP
iiclr-17591	292	21	them	they	PRON
iiclr-17591	292	22	are	be	AUX
iiclr-17591	292	23	operating	operate	VERB
iiclr-17591	292	24	subsidiaries	subsidiary	NOUN
iiclr-17591	292	25	of	of	ADP
iiclr-17591	292	26	an	an	DET
iiclr-17591	292	27	italian	italian	ADJ
iiclr-17591	292	28	group	group	NOUN
iiclr-17591	292	29	,	,	PUNCT
iiclr-17591	292	30	one	one	NUM
iiclr-17591	292	31	is	be	AUX
iiclr-17591	292	32	an	an	DET
iiclr-17591	292	33	operating	operate	VERB
iiclr-17591	292	34	subsidiary	subsidiary	NOUN
iiclr-17591	292	35	of	of	ADP
iiclr-17591	292	36	a	a	DET
iiclr-17591	292	37	foreign	foreign	ADJ
iiclr-17591	292	38	group	group	NOUN
iiclr-17591	292	39	,	,	PUNCT
iiclr-17591	292	40	and	and	CCONJ
iiclr-17591	292	41	one	one	NUM
iiclr-17591	292	42	is	be	AUX
iiclr-17591	292	43	a	a	DET
iiclr-17591	292	44	holding	hold	VERB
iiclr-17591	292	45	company	company	NOUN
iiclr-17591	292	46	of	of	ADP
iiclr-17591	292	47	an	an	DET
iiclr-17591	292	48	italian	italian	ADJ
iiclr-17591	292	49	group	group	NOUN
iiclr-17591	292	50	)	)	PUNCT
iiclr-17591	292	51	;	;	PUNCT
iiclr-17591	293	1	companies	company	NOUN
iiclr-17591	293	2	from	from	ADP
iiclr-17591	293	3	no	no	NOUN
iiclr-17591	293	4	.	.	PROPN
iiclr-17591	294	1	101	101	NUM
iiclr-17591	294	2	to	to	ADP
iiclr-17591	294	3	no	no	INTJ
iiclr-17591	294	4	.	.	NOUN
iiclr-17591	295	1	500	500	NUM
iiclr-17591	295	2	(	(	PUNCT
iiclr-17591	295	3	876	876	NUM
iiclr-17591	295	4	to	to	PART
iiclr-17591	295	5	247	247	NUM
iiclr-17591	295	6	billion	billion	NUM
iiclr-17591	295	7	lire	lira	NOUN
iiclr-17591	295	8	turnover	turnover	NOUN
iiclr-17591	295	9	):	):	PUNCT
iiclr-17591	295	10	47	47	NUM
iiclr-17591	295	11	s.r.l	s.r.l	NOUN
iiclr-17591	295	12	,	,	PUNCT
iiclr-17591	295	13	seven	seven	NUM
iiclr-17591	295	14	cooperatives	cooperative	NOUN
iiclr-17591	295	15	(	(	PUNCT
iiclr-17591	295	16	many	many	ADJ
iiclr-17591	295	17	of	of	ADP
iiclr-17591	295	18	the	the	DET
iiclr-17591	295	19	societa	societa	NOUN
iiclr-17591	295	20	a	a	DET
iiclr-17591	295	21	responsabilitt	responsabilitt	VERB
iiclr-17591	295	22	)	)	PUNCT
iiclr-17591	295	23	limitata	limitata	PROPN
iiclr-17591	295	24	were	be	AUX
iiclr-17591	295	25	operating	operating	NOUN
iiclr-17591	295	26	subsidiaries	subsidiary	NOUN
iiclr-17591	295	27	or	or	CCONJ
iiclr-17591	295	28	holdings	holding	NOUN
iiclr-17591	295	29	of	of	ADP
iiclr-17591	295	30	large	large	ADJ
iiclr-17591	295	31	groups	group	NOUN
iiclr-17591	295	32	)	)	PUNCT
iiclr-17591	295	33	;	;	PUNCT
iiclr-17591	295	34	companies	company	NOUN
iiclr-17591	295	35	from	from	ADP
iiclr-17591	295	36	no	no	PRON
iiclr-17591	295	37	.	.	PROPN
iiclr-17591	295	38	501	501	NUM
iiclr-17591	295	39	to	to	ADP
iiclr-17591	295	40	no	no	NOUN
iiclr-17591	295	41	.	.	NOUN
iiclr-17591	295	42	1000	1000	NUM
iiclr-17591	295	43	(	(	PUNCT
iiclr-17591	295	44	246	246	NUM
iiclr-17591	295	45	to	to	PART
iiclr-17591	295	46	140	140	NUM
iiclr-17591	295	47	billion	billion	NUM
iiclr-17591	295	48	lire	lira	NOUN
iiclr-17591	295	49	turnover	turnover	NOUN
iiclr-17591	295	50	):	):	PUNCT
iiclr-17591	295	51	71	71	NUM
iiclr-17591	295	52	s.r.l	s.r.l	NOUN
iiclr-17591	295	53	.	.	PUNCT
iiclr-17591	295	54	,	,	PUNCT
iiclr-17591	295	55	16	16	NUM
iiclr-17591	295	56	cooperatives	cooperative	NOUN
iiclr-17591	295	57	;	;	PUNCT
iiclr-17591	295	58	1995	1995	NUM
iiclr-17591	295	59	]	]	X
iiclr-17591	295	60	ind	ind	NOUN
iiclr-17591	295	61	.	.	PUNCT
iiclr-17591	295	62	int'l	int'l	PROPN
iiclr-17591	295	63	&	&	CCONJ
iiclr-17591	295	64	comp	comp	PROPN
iiclr-17591	295	65	.	.	PUNCT
iiclr-17591	296	1	l	l	PROPN
iiclr-17591	296	2	rev	rev	PROPN
iiclr-17591	296	3	.	.	PROPN
iiclr-17591	296	4	structure	structure	NOUN
iiclr-17591	296	5	of	of	ADP
iiclr-17591	296	6	the	the	DET
iiclr-17591	296	7	societa	societa	NOUN
iiclr-17591	296	8	per	per	ADP
iiclr-17591	296	9	azioni	azioni	PROPN
iiclr-17591	296	10	,	,	PUNCT
iiclr-17591	296	11	giving	give	VERB
iiclr-17591	296	12	brief	brief	ADJ
iiclr-17591	296	13	accounts	account	NOUN
iiclr-17591	296	14	of	of	ADP
iiclr-17591	296	15	the	the	DET
iiclr-17591	296	16	peculiarities	peculiarity	NOUN
iiclr-17591	296	17	of	of	ADP
iiclr-17591	296	18	the	the	DET
iiclr-17591	296	19	societa	societa	NOUN
iiclr-17591	296	20	in	in	ADP
iiclr-17591	296	21	accomandita	accomandita	NOUN
iiclr-17591	296	22	per	per	ADP
iiclr-17591	296	23	azioni	azioni	NOUN
iiclr-17591	296	24	and	and	CCONJ
iiclr-17591	296	25	the	the	DET
iiclr-17591	296	26	societ	societ	PROPN
iiclr-17591	296	27	&	&	CCONJ
iiclr-17591	296	28	a	a	DET
iiclr-17591	296	29	responsabilita	responsabilita	PROPN
iiclr-17591	296	30	limitata	limitata	PROPN
iiclr-17591	296	31	.	.	PUNCT
iiclr-17591	297	1	e.	e.	PROPN
iiclr-17591	298	1	the	the	DET
iiclr-17591	298	2	protagonists	protagonist	NOUN
iiclr-17591	298	3	of	of	ADP
iiclr-17591	298	4	the	the	DET
iiclr-17591	298	5	governance	governance	NOUN
iiclr-17591	298	6	of	of	ADP
iiclr-17591	298	7	the	the	DET
iiclr-17591	298	8	societa	societa	NOUN
iiclr-17591	298	9	per	per	ADP
iiclr-17591	298	10	azioni	azioni	PROPN
iiclr-17591	298	11	.	.	PUNCT
iiclr-17591	299	1	power	power	NOUN
iiclr-17591	299	2	in	in	ADP
iiclr-17591	299	3	the	the	DET
iiclr-17591	299	4	societni	societni	NOUN
iiclr-17591	299	5	per	per	ADP
iiclr-17591	299	6	azioni	azioni	PROPN
iiclr-17591	299	7	is	be	AUX
iiclr-17591	299	8	allocated	allocate	VERB
iiclr-17591	299	9	among	among	ADP
iiclr-17591	299	10	three	three	NUM
iiclr-17591	299	11	organs	organ	NOUN
iiclr-17591	299	12	:	:	PUNCT
iiclr-17591	299	13	the	the	DET
iiclr-17591	299	14	shareholders	shareholder	NOUN
iiclr-17591	299	15	;	;	PUNCT
iiclr-17591	299	16	the	the	DET
iiclr-17591	299	17	board	board	NOUN
iiclr-17591	299	18	of	of	ADP
iiclr-17591	299	19	directors	director	NOUN
iiclr-17591	299	20	;	;	PUNCT
iiclr-17591	299	21	and	and	CCONJ
iiclr-17591	299	22	the	the	DET
iiclr-17591	299	23	board	board	NOUN
iiclr-17591	299	24	of	of	ADP
iiclr-17591	299	25	auditors	auditor	NOUN
iiclr-17591	299	26	.	.	PUNCT
iiclr-17591	300	1	broadly	broadly	ADV
iiclr-17591	300	2	speaking	speak	VERB
iiclr-17591	300	3	,	,	PUNCT
iiclr-17591	300	4	shareholders	shareholder	NOUN
iiclr-17591	300	5	have	have	VERB
iiclr-17591	300	6	the	the	DET
iiclr-17591	300	7	power	power	NOUN
iiclr-17591	300	8	to	to	PART
iiclr-17591	300	9	decide	decide	VERB
iiclr-17591	300	10	who	who	PRON
iiclr-17591	300	11	will	will	AUX
iiclr-17591	300	12	manage	manage	VERB
iiclr-17591	300	13	the	the	DET
iiclr-17591	300	14	company	company	NOUN
iiclr-17591	300	15	,	,	PUNCT
iiclr-17591	300	16	who	who	PRON
iiclr-17591	300	17	will	will	AUX
iiclr-17591	300	18	supervise	supervise	VERB
iiclr-17591	300	19	the	the	DET
iiclr-17591	300	20	managers	manager	NOUN
iiclr-17591	300	21	,	,	PUNCT
iiclr-17591	300	22	and	and	CCONJ
iiclr-17591	300	23	they	they	PRON
iiclr-17591	300	24	have	have	VERB
iiclr-17591	300	25	a	a	DET
iiclr-17591	300	26	voice	voice	NOUN
iiclr-17591	300	27	in	in	ADP
iiclr-17591	300	28	certain	certain	ADJ
iiclr-17591	300	29	fundamental	fundamental	ADJ
iiclr-17591	300	30	decisions	decision	NOUN
iiclr-17591	300	31	.	.	PUNCT
iiclr-17591	301	1	directors	director	NOUN
iiclr-17591	301	2	manage	manage	VERB
iiclr-17591	301	3	the	the	DET
iiclr-17591	301	4	company	company	NOUN
iiclr-17591	301	5	,	,	PUNCT
iiclr-17591	301	6	and	and	CCONJ
iiclr-17591	301	7	auditors	auditor	NOUN
iiclr-17591	301	8	,	,	PUNCT
iiclr-17591	301	9	who	who	PRON
iiclr-17591	301	10	are	be	AUX
iiclr-17591	301	11	part	part	NOUN
iiclr-17591	301	12	of	of	ADP
iiclr-17591	301	13	the	the	DET
iiclr-17591	301	14	corporate	corporate	ADJ
iiclr-17591	301	15	structure	structure	NOUN
iiclr-17591	301	16	,	,	PUNCT
iiclr-17591	301	17	supervise	supervise	VERB
iiclr-17591	301	18	directors	director	NOUN
iiclr-17591	301	19	in	in	ADP
iiclr-17591	301	20	the	the	DET
iiclr-17591	301	21	interests	interest	NOUN
iiclr-17591	301	22	of	of	ADP
iiclr-17591	301	23	shareholders	shareholder	NOUN
iiclr-17591	301	24	and	and	CCONJ
iiclr-17591	301	25	creditors	creditor	NOUN
iiclr-17591	301	26	.	.	PUNCT
iiclr-17591	302	1	companies	company	NOUN
iiclr-17591	302	2	from	from	ADP
iiclr-17591	302	3	no	no	PRON
iiclr-17591	302	4	.	.	PROPN
iiclr-17591	302	5	1001	1001	NUM
iiclr-17591	302	6	to	to	ADP
iiclr-17591	302	7	no	no	PROPN
iiclr-17591	302	8	.	.	PROPN
iiclr-17591	302	9	1500	1500	NUM
iiclr-17591	303	1	(	(	PUNCT
iiclr-17591	303	2	140	140	NUM
iiclr-17591	303	3	to	to	PART
iiclr-17591	303	4	98	98	NUM
iiclr-17591	303	5	billion	billion	NUM
iiclr-17591	303	6	lire	lira	NOUN
iiclr-17591	303	7	turnover	turnover	NOUN
iiclr-17591	303	8	):	):	PUNCT
iiclr-17591	303	9	77	77	NUM
iiclr-17591	303	10	s.r.l	s.r.l	NOUN
iiclr-17591	303	11	.	.	PUNCT
iiclr-17591	303	12	,	,	PUNCT
iiclr-17591	303	13	nine	nine	NUM
iiclr-17591	303	14	cooperatives	cooperative	NOUN
iiclr-17591	303	15	;	;	PUNCT
iiclr-17591	303	16	companies	company	NOUN
iiclr-17591	303	17	from	from	ADP
iiclr-17591	303	18	no	no	PRON
iiclr-17591	303	19	.	.	PROPN
iiclr-17591	303	20	1501	1501	NUM
iiclr-17591	303	21	to	to	ADP
iiclr-17591	303	22	no	no	NOUN
iiclr-17591	303	23	.	.	NOUN
iiclr-17591	303	24	2000	2000	NUM
iiclr-17591	303	25	(	(	PUNCT
iiclr-17591	303	26	98	98	NUM
iiclr-17591	303	27	to	to	PART
iiclr-17591	303	28	76	76	NUM
iiclr-17591	303	29	billion	billion	NUM
iiclr-17591	303	30	lire	lira	NOUN
iiclr-17591	303	31	turnover	turnover	NOUN
iiclr-17591	303	32	):	):	PUNCT
iiclr-17591	303	33	85	85	NUM
iiclr-17591	303	34	s.r.l	s.r.l	NOUN
iiclr-17591	303	35	,	,	PUNCT
iiclr-17591	303	36	four	four	NUM
iiclr-17591	303	37	cooperatives	cooperative	NOUN
iiclr-17591	303	38	;	;	PUNCT
iiclr-17591	303	39	companies	company	NOUN
iiclr-17591	303	40	from	from	ADP
iiclr-17591	303	41	no	no	PROPN
iiclr-17591	303	42	.	.	PROPN
iiclr-17591	303	43	2001	2001	NUM
iiclr-17591	303	44	to	to	ADP
iiclr-17591	303	45	no	no	NOUN
iiclr-17591	303	46	.	.	NOUN
iiclr-17591	303	47	2500	2500	NUM
iiclr-17591	303	48	(	(	PUNCT
iiclr-17591	303	49	76	76	NUM
iiclr-17591	303	50	to	to	PART
iiclr-17591	303	51	63	63	NUM
iiclr-17591	303	52	billion	billion	NUM
iiclr-17591	303	53	lire	lira	NOUN
iiclr-17591	303	54	turnover	turnover	NOUN
iiclr-17591	303	55	):	):	PUNCT
iiclr-17591	303	56	109	109	NUM
iiclr-17591	303	57	s.r.l	s.r.l	NOUN
iiclr-17591	303	58	,	,	PUNCT
iiclr-17591	303	59	nine	nine	NUM
iiclr-17591	303	60	cooperatives	cooperative	NOUN
iiclr-17591	303	61	;	;	PUNCT
iiclr-17591	303	62	companies	company	NOUN
iiclr-17591	303	63	from	from	ADP
iiclr-17591	303	64	no	no	PRON
iiclr-17591	303	65	.	.	NOUN
iiclr-17591	303	66	2501	2501	NUM
iiclr-17591	303	67	to	to	ADP
iiclr-17591	303	68	no	no	NOUN
iiclr-17591	303	69	.	.	NOUN
iiclr-17591	303	70	3000	3000	NUM
iiclr-17591	303	71	(	(	PUNCT
iiclr-17591	303	72	63	63	NUM
iiclr-17591	303	73	to	to	PART
iiclr-17591	303	74	54	54	NUM
iiclr-17591	303	75	billion	billion	NUM
iiclr-17591	303	76	lire	lira	NOUN
iiclr-17591	303	77	turnover	turnover	NOUN
iiclr-17591	303	78	):	):	PUNCT
iiclr-17591	303	79	97	97	NUM
iiclr-17591	303	80	s.r.l	s.r.l	NOUN
iiclr-17591	303	81	,	,	PUNCT
iiclr-17591	303	82	seven	seven	NUM
iiclr-17591	303	83	cooperatives	cooperative	NOUN
iiclr-17591	303	84	;	;	PUNCT
iiclr-17591	303	85	companies	company	NOUN
iiclr-17591	303	86	from	from	ADP
iiclr-17591	303	87	no	no	PRON
iiclr-17591	303	88	.	.	PROPN
iiclr-17591	303	89	3001	3001	NUM
iiclr-17591	303	90	to	to	ADP
iiclr-17591	303	91	no	no	NOUN
iiclr-17591	303	92	.	.	NOUN
iiclr-17591	303	93	3500	3500	NUM
iiclr-17591	303	94	(	(	PUNCT
iiclr-17591	303	95	54	54	NUM
iiclr-17591	303	96	to	to	PART
iiclr-17591	303	97	47	47	NUM
iiclr-17591	303	98	billion	billion	NUM
iiclr-17591	303	99	lire	lira	NOUN
iiclr-17591	303	100	turnover	turnover	NOUN
iiclr-17591	303	101	):	):	PUNCT
iiclr-17591	303	102	111	111	NUM
iiclr-17591	303	103	s.r.l	s.r.l	NOUN
iiclr-17591	303	104	,	,	PUNCT
iiclr-17591	303	105	one	one	NUM
iiclr-17591	303	106	cooperative	cooperative	NOUN
iiclr-17591	303	107	;	;	PUNCT
iiclr-17591	303	108	companies	company	NOUN
iiclr-17591	303	109	from	from	ADP
iiclr-17591	303	110	no	no	PRON
iiclr-17591	303	111	.	.	PROPN
iiclr-17591	303	112	3501	3501	NUM
iiclr-17591	303	113	to	to	ADP
iiclr-17591	303	114	no	no	NOUN
iiclr-17591	303	115	.	.	NOUN
iiclr-17591	303	116	4000	4000	NUM
iiclr-17591	303	117	(	(	PUNCT
iiclr-17591	303	118	47	47	NUM
iiclr-17591	303	119	to	to	PART
iiclr-17591	303	120	42	42	NUM
iiclr-17591	303	121	billion	billion	NUM
iiclr-17591	303	122	lire	lira	NOUN
iiclr-17591	303	123	turnover	turnover	NOUN
iiclr-17591	303	124	):	):	PUNCT
iiclr-17591	303	125	116	116	NUM
iiclr-17591	303	126	s.r.l	s.r.l	NOUN
iiclr-17591	303	127	.	.	PUNCT
iiclr-17591	303	128	,	,	PUNCT
iiclr-17591	303	129	four	four	NUM
iiclr-17591	303	130	cooperatives	cooperative	NOUN
iiclr-17591	303	131	;	;	PUNCT
iiclr-17591	303	132	companies	company	NOUN
iiclr-17591	303	133	from	from	ADP
iiclr-17591	303	134	no	no	PRON
iiclr-17591	303	135	.	.	PROPN
iiclr-17591	303	136	4001	4001	NUM
iiclr-17591	303	137	to	to	ADP
iiclr-17591	303	138	no	no	NOUN
iiclr-17591	303	139	.	.	NOUN
iiclr-17591	303	140	4500	4500	NUM
iiclr-17591	303	141	(	(	PUNCT
iiclr-17591	303	142	42	42	NUM
iiclr-17591	303	143	to	to	PART
iiclr-17591	303	144	37	37	NUM
iiclr-17591	303	145	billion	billion	NUM
iiclr-17591	303	146	lire	lira	NOUN
iiclr-17591	303	147	turnover	turnover	NOUN
iiclr-17591	303	148	):	):	PUNCT
iiclr-17591	303	149	11l	11l	NOUN
iiclr-17591	303	150	s.r.l	s.r.l	NOUN
iiclr-17591	303	151	.	.	PUNCT
iiclr-17591	303	152	,	,	PUNCT
iiclr-17591	303	153	two	two	NUM
iiclr-17591	303	154	cooperatives	cooperative	NOUN
iiclr-17591	303	155	;	;	PUNCT
iiclr-17591	303	156	companies	company	NOUN
iiclr-17591	303	157	from	from	ADP
iiclr-17591	303	158	no	no	PRON
iiclr-17591	303	159	.	.	PROPN
iiclr-17591	303	160	4501	4501	NUM
iiclr-17591	303	161	to	to	ADP
iiclr-17591	303	162	no	no	NOUN
iiclr-17591	303	163	.	.	NOUN
iiclr-17591	303	164	5000	5000	NUM
iiclr-17591	303	165	(	(	PUNCT
iiclr-17591	303	166	37	37	NUM
iiclr-17591	303	167	to	to	PART
iiclr-17591	303	168	34	34	NUM
iiclr-17591	303	169	billion	billion	NUM
iiclr-17591	303	170	lire	lira	NOUN
iiclr-17591	303	171	turnover	turnover	NOUN
iiclr-17591	303	172	):	):	PUNCT
iiclr-17591	303	173	104	104	NUM
iiclr-17591	303	174	s.r.l	s.r.l	NOUN
iiclr-17591	303	175	,	,	PUNCT
iiclr-17591	303	176	six	six	NUM
iiclr-17591	303	177	cooperatives	cooperative	NOUN
iiclr-17591	303	178	,	,	PUNCT
iiclr-17591	303	179	one	one	NUM
iiclr-17591	303	180	limited	limited	ADJ
iiclr-17591	303	181	partnership	partnership	NOUN
iiclr-17591	303	182	.	.	PUNCT
iiclr-17591	304	1	for	for	ADP
iiclr-17591	304	2	banks	bank	NOUN
iiclr-17591	304	3	and	and	CCONJ
iiclr-17591	304	4	insurance	insurance	NOUN
iiclr-17591	304	5	companies	company	NOUN
iiclr-17591	304	6	,	,	PUNCT
iiclr-17591	304	7	moreover	moreover	ADV
iiclr-17591	304	8	,	,	PUNCT
iiclr-17591	304	9	the	the	DET
iiclr-17591	304	10	only	only	ADJ
iiclr-17591	304	11	legal	legal	ADJ
iiclr-17591	304	12	form	form	NOUN
iiclr-17591	304	13	presently	presently	ADV
iiclr-17591	304	14	allowed	allow	VERB
iiclr-17591	304	15	is	be	AUX
iiclr-17591	304	16	the	the	DET
iiclr-17591	304	17	societ	societ	PROPN
iiclr-17591	304	18	per	per	ADP
iiclr-17591	304	19	azioni	azioni	PROPN
iiclr-17591	304	20	and	and	CCONJ
iiclr-17591	304	21	the	the	DET
iiclr-17591	304	22	societd	societd	NOUN
iiclr-17591	304	23	cooperativa	cooperativa	NOUN
iiclr-17591	304	24	(	(	PUNCT
iiclr-17591	304	25	some	some	DET
iiclr-17591	304	26	non	non	ADJ
iiclr-17591	304	27	-	-	ADJ
iiclr-17591	304	28	stock	stock	ADJ
iiclr-17591	304	29	public	public	ADJ
iiclr-17591	304	30	entities	entity	NOUN
iiclr-17591	304	31	,	,	PUNCT
iiclr-17591	304	32	"	"	PUNCT
iiclr-17591	304	33	grandfathered	grandfathere	VERB
iiclr-17591	304	34	"	"	PUNCT
iiclr-17591	304	35	by	by	ADP
iiclr-17591	304	36	the	the	DET
iiclr-17591	304	37	financial	financial	ADJ
iiclr-17591	304	38	market	market	NOUN
iiclr-17591	304	39	laws	law	NOUN
iiclr-17591	304	40	,	,	PUNCT
iiclr-17591	304	41	survive	survive	NOUN
iiclr-17591	304	42	)	)	PUNCT
iiclr-17591	304	43	.	.	PUNCT
iiclr-17591	305	1	again	again	ADV
iiclr-17591	305	2	for	for	ADP
iiclr-17591	305	3	the	the	DET
iiclr-17591	305	4	fiscal	fiscal	ADJ
iiclr-17591	305	5	year	year	NOUN
iiclr-17591	305	6	1992	1992	NUM
iiclr-17591	305	7	,	,	PUNCT
iiclr-17591	305	8	out	out	ADP
iiclr-17591	305	9	of	of	ADP
iiclr-17591	305	10	the	the	DET
iiclr-17591	305	11	50	50	NUM
iiclr-17591	305	12	largest	large	ADJ
iiclr-17591	305	13	commercial	commercial	ADJ
iiclr-17591	305	14	banks	bank	NOUN
iiclr-17591	305	15	,	,	PUNCT
iiclr-17591	305	16	classified	classify	VERB
iiclr-17591	305	17	by	by	ADP
iiclr-17591	305	18	total	total	ADJ
iiclr-17591	305	19	assets	asset	NOUN
iiclr-17591	305	20	,	,	PUNCT
iiclr-17591	305	21	39	39	NUM
iiclr-17591	305	22	were	be	AUX
iiclr-17591	305	23	societa	societa	NOUN
iiclr-17591	305	24	per	per	ADP
iiclr-17591	305	25	azioni	azioni	PROPN
iiclr-17591	305	26	,	,	PUNCT
iiclr-17591	305	27	ten	ten	NUM
iiclr-17591	305	28	were	be	AUX
iiclr-17591	305	29	cooperatives	cooperative	NOUN
iiclr-17591	305	30	and	and	CCONJ
iiclr-17591	305	31	one	one	NUM
iiclr-17591	305	32	(	(	PUNCT
iiclr-17591	305	33	"	"	PUNCT
iiclr-17591	305	34	monte	monte	NOUN
iiclr-17591	305	35	dei	dei	PROPN
iiclr-17591	305	36	paschi	paschi	PROPN
iiclr-17591	305	37	di	di	PROPN
iiclr-17591	305	38	siena	siena	PROPN
iiclr-17591	305	39	,	,	PUNCT
iiclr-17591	305	40	"	"	PUNCT
iiclr-17591	305	41	founded	found	VERB
iiclr-17591	305	42	in	in	ADP
iiclr-17591	305	43	1472	1472	NUM
iiclr-17591	305	44	and	and	CCONJ
iiclr-17591	305	45	the	the	DET
iiclr-17591	305	46	most	most	ADV
iiclr-17591	305	47	ancient	ancient	ADJ
iiclr-17591	305	48	bank	bank	NOUN
iiclr-17591	305	49	in	in	ADP
iiclr-17591	305	50	the	the	DET
iiclr-17591	305	51	world	world	NOUN
iiclr-17591	305	52	still	still	ADV
iiclr-17591	305	53	operating	operate	VERB
iiclr-17591	305	54	)	)	PUNCT
iiclr-17591	305	55	was	be	AUX
iiclr-17591	305	56	a	a	DET
iiclr-17591	305	57	public	public	ADJ
iiclr-17591	305	58	entity	entity	NOUN
iiclr-17591	305	59	(	(	PUNCT
iiclr-17591	305	60	it	it	PRON
iiclr-17591	305	61	became	become	VERB
iiclr-17591	305	62	a	a	DET
iiclr-17591	305	63	socieitaper	socieitaper	ADJ
iiclr-17591	305	64	azioni	azioni	NOUN
iiclr-17591	305	65	only	only	ADV
iiclr-17591	305	66	in	in	ADP
iiclr-17591	305	67	1995	1995	NUM
iiclr-17591	305	68	)	)	PUNCT
iiclr-17591	305	69	.	.	PUNCT
iiclr-17591	306	1	all	all	DET
iiclr-17591	306	2	the	the	DET
iiclr-17591	306	3	largest	large	ADJ
iiclr-17591	306	4	100	100	NUM
iiclr-17591	306	5	insurance	insurance	NOUN
iiclr-17591	306	6	companies	company	NOUN
iiclr-17591	306	7	(	(	PUNCT
iiclr-17591	306	8	with	with	ADP
iiclr-17591	306	9	the	the	DET
iiclr-17591	306	10	exception	exception	NOUN
iiclr-17591	306	11	of	of	ADP
iiclr-17591	306	12	very	very	ADV
iiclr-17591	306	13	few	few	ADJ
iiclr-17591	306	14	mutual	mutual	ADJ
iiclr-17591	306	15	insurances	insurance	NOUN
iiclr-17591	306	16	)	)	PUNCT
iiclr-17591	306	17	,	,	PUNCT
iiclr-17591	306	18	classified	classify	VERB
iiclr-17591	306	19	for	for	ADP
iiclr-17591	306	20	total	total	ADJ
iiclr-17591	306	21	amount	amount	NOUN
iiclr-17591	306	22	of	of	ADP
iiclr-17591	306	23	premiums	premium	NOUN
iiclr-17591	306	24	,	,	PUNCT
iiclr-17591	306	25	were	be	AUX
iiclr-17591	306	26	societi	societi	PROPN
iiclr-17591	306	27	per	per	ADP
iiclr-17591	306	28	azioni	azioni	PROPN
iiclr-17591	306	29	.	.	PUNCT
iiclr-17591	307	1	the	the	DET
iiclr-17591	307	2	preceding	precede	VERB
iiclr-17591	307	3	survey	survey	NOUN
iiclr-17591	307	4	is	be	AUX
iiclr-17591	307	5	based	base	VERB
iiclr-17591	307	6	on	on	ADP
iiclr-17591	307	7	the	the	DET
iiclr-17591	307	8	corporations	corporation	NOUN
iiclr-17591	307	9	'	'	PART
iiclr-17591	307	10	names	name	NOUN
iiclr-17591	307	11	as	as	SCONJ
iiclr-17591	307	12	published	publish	VERB
iiclr-17591	307	13	in	in	ADP
iiclr-17591	307	14	le	le	X
iiclr-17591	307	15	prime	prime	PROPN
iiclr-17591	307	16	5000	5000	NUM
iiclr-17591	308	1	societz	societz	VERB
iiclr-17591	308	2	italiane	italiane	NOUN
iiclr-17591	308	3	e	e	PROPN
iiclr-17591	308	4	i	i	PRON
iiclr-17591	308	5	200	200	NUM
iiclr-17591	308	6	gruppi	gruppi	NOUN
iiclr-17591	308	7	consolidati	consolidati	NOUN
iiclr-17591	308	8	,	,	PUNCT
iiclr-17591	308	9	supp	supp	PROPN
iiclr-17591	308	10	.	.	PUNCT
iiclr-17591	309	1	to	to	PART
iiclr-17591	309	2	mondo	mondo	VERB
iiclr-17591	309	3	economico	economico	PROPN
iiclr-17591	309	4	,	,	PUNCT
iiclr-17591	309	5	dec	dec	PROPN
iiclr-17591	309	6	.	.	PROPN
iiclr-17591	309	7	25	25	NUM
iiclr-17591	309	8	,	,	PUNCT
iiclr-17591	309	9	1993	1993	NUM
iiclr-17591	309	10	,	,	PUNCT
iiclr-17591	309	11	and	and	CCONJ
iiclr-17591	309	12	le	le	X
iiclr-17591	309	13	prime	prime	PROPN
iiclr-17591	309	14	1000	1000	NUM
iiclr-17591	309	15	societ4	societ4	NOUN
iiclr-17591	309	16	italiane	italiane	PROPN
iiclr-17591	310	1	e	e	PROPN
iiclr-17591	310	2	i	i	PRON
iiclr-17591	310	3	200	200	NUM
iiclr-17591	310	4	gruppi	gruppi	NOUN
iiclr-17591	310	5	consolidati	consolidati	NOUN
iiclr-17591	310	6	,	,	PUNCT
iiclr-17591	310	7	supp	supp	PROPN
iiclr-17591	310	8	.	.	PUNCT
iiclr-17591	311	1	to	to	PART
iiclr-17591	311	2	mondo	mondo	VERB
iiclr-17591	311	3	economico	economico	PROPN
iiclr-17591	311	4	,	,	PUNCT
iiclr-17591	311	5	dec	dec	PROPN
iiclr-17591	311	6	.	.	PROPN
iiclr-17591	311	7	31	31	NUM
iiclr-17591	311	8	,	,	PUNCT
iiclr-17591	311	9	1994	1994	NUM
iiclr-17591	311	10	.	.	PUNCT
iiclr-17591	312	1	there	there	PRON
iiclr-17591	312	2	is	be	VERB
iiclr-17591	312	3	a	a	DET
iiclr-17591	312	4	slight	slight	ADJ
iiclr-17591	312	5	margin	margin	NOUN
iiclr-17591	312	6	of	of	ADP
iiclr-17591	312	7	error	error	NOUN
iiclr-17591	312	8	,	,	PUNCT
iiclr-17591	312	9	due	due	ADP
iiclr-17591	312	10	to	to	ADP
iiclr-17591	312	11	possible	possible	ADJ
iiclr-17591	312	12	errors	error	NOUN
iiclr-17591	312	13	in	in	ADP
iiclr-17591	312	14	reporting	reporting	NOUN
iiclr-17591	312	15	.	.	PUNCT
iiclr-17591	313	1	also	also	ADV
iiclr-17591	313	2	,	,	PUNCT
iiclr-17591	313	3	as	as	ADP
iiclr-17591	313	4	above	above	ADV
iiclr-17591	313	5	noted	note	VERB
iiclr-17591	313	6	,	,	PUNCT
iiclr-17591	313	7	a	a	DET
iiclr-17591	313	8	few	few	ADJ
iiclr-17591	313	9	companies	company	NOUN
iiclr-17591	313	10	'	'	PART
iiclr-17591	313	11	names	name	NOUN
iiclr-17591	313	12	were	be	AUX
iiclr-17591	313	13	reported	report	VERB
iiclr-17591	313	14	without	without	ADP
iiclr-17591	313	15	any	any	DET
iiclr-17591	313	16	indication	indication	NOUN
iiclr-17591	313	17	of	of	ADP
iiclr-17591	313	18	their	their	PRON
iiclr-17591	313	19	legal	legal	ADJ
iiclr-17591	313	20	form	form	NOUN
iiclr-17591	313	21	,	,	PUNCT
iiclr-17591	313	22	so	so	SCONJ
iiclr-17591	313	23	that	that	SCONJ
iiclr-17591	313	24	it	it	PRON
iiclr-17591	313	25	has	have	AUX
iiclr-17591	313	26	been	be	AUX
iiclr-17591	313	27	impossible	impossible	ADJ
iiclr-17591	313	28	to	to	PART
iiclr-17591	313	29	assign	assign	VERB
iiclr-17591	313	30	such	such	ADJ
iiclr-17591	313	31	companies	company	NOUN
iiclr-17591	313	32	to	to	ADP
iiclr-17591	313	33	any	any	DET
iiclr-17591	313	34	specific	specific	ADJ
iiclr-17591	313	35	group	group	NOUN
iiclr-17591	313	36	.	.	PUNCT
iiclr-17591	314	1	the	the	DET
iiclr-17591	314	2	numbers	number	NOUN
iiclr-17591	314	3	,	,	PUNCT
iiclr-17591	314	4	however	however	ADV
iiclr-17591	314	5	,	,	PUNCT
iiclr-17591	314	6	can	can	AUX
iiclr-17591	314	7	be	be	AUX
iiclr-17591	314	8	considered	consider	VERB
iiclr-17591	314	9	significant	significant	ADJ
iiclr-17591	314	10	evidence	evidence	NOUN
iiclr-17591	314	11	for	for	ADP
iiclr-17591	314	12	the	the	DET
iiclr-17591	314	13	predominance	predominance	NOUN
iiclr-17591	314	14	of	of	ADP
iiclr-17591	314	15	the	the	DET
iiclr-17591	314	16	societl	societl	NOUN
iiclr-17591	314	17	per	per	ADP
iiclr-17591	314	18	azioni	azioni	PROPN
iiclr-17591	314	19	among	among	ADP
iiclr-17591	314	20	companies	company	NOUN
iiclr-17591	314	21	whose	whose	DET
iiclr-17591	314	22	total	total	ADJ
iiclr-17591	314	23	added	add	VERB
iiclr-17591	314	24	output	output	NOUN
iiclr-17591	314	25	was	be	AUX
iiclr-17591	314	26	a	a	DET
iiclr-17591	314	27	very	very	ADV
iiclr-17591	314	28	substantial	substantial	ADJ
iiclr-17591	314	29	part	part	NOUN
iiclr-17591	314	30	of	of	ADP
iiclr-17591	314	31	the	the	DET
iiclr-17591	314	32	italian	italian	ADJ
iiclr-17591	314	33	gnp	gnp	PROPN
iiclr-17591	314	34	in	in	ADP
iiclr-17591	314	35	1992	1992	NUM
iiclr-17591	314	36	.	.	PUNCT
iiclr-17591	315	1	[	[	X
iiclr-17591	315	2	vol	vol	NOUN
iiclr-17591	315	3	.	.	PUNCT
iiclr-17591	316	1	6:1	6:1	NUM
iiclr-17591	316	2	corporate	corporate	ADJ
iiclr-17591	316	3	governance	governance	NOUN
iiclr-17591	316	4	in	in	ADP
iiclr-17591	316	5	italy	italy	PROPN
iiclr-17591	316	6	1	1	NUM
iiclr-17591	316	7	.	.	PUNCT
iiclr-17591	317	1	the	the	DET
iiclr-17591	317	2	shareholders	shareholder	NOUN
iiclr-17591	317	3	.	.	PUNCT
iiclr-17591	318	1	shareholders	shareholder	NOUN
iiclr-17591	318	2	in	in	ADP
iiclr-17591	318	3	the	the	DET
iiclr-17591	318	4	societli	societli	NOUN
iiclr-17591	318	5	per	per	ADP
iiclr-17591	318	6	azioni	azioni	PROPN
iiclr-17591	318	7	do	do	AUX
iiclr-17591	318	8	not	not	PART
iiclr-17591	318	9	have	have	VERB
iiclr-17591	318	10	direct	direct	ADJ
iiclr-17591	318	11	power	power	NOUN
iiclr-17591	318	12	to	to	PART
iiclr-17591	318	13	manage	manage	VERB
iiclr-17591	318	14	the	the	DET
iiclr-17591	318	15	company	company	NOUN
iiclr-17591	318	16	.	.	PUNCT
iiclr-17591	319	1	their	their	PRON
iiclr-17591	319	2	fundamental	fundamental	ADJ
iiclr-17591	319	3	powers	power	NOUN
iiclr-17591	319	4	consist	consist	VERB
iiclr-17591	319	5	in	in	ADP
iiclr-17591	319	6	electing	elect	VERB
iiclr-17591	319	7	and	and	CCONJ
iiclr-17591	319	8	removing	remove	VERB
iiclr-17591	319	9	directors	director	NOUN
iiclr-17591	319	10	and	and	CCONJ
iiclr-17591	319	11	auditors,27	auditors,27	NOUN
iiclr-17591	319	12	in	in	ADP
iiclr-17591	319	13	determining	determine	VERB
iiclr-17591	319	14	their	their	PRON
iiclr-17591	319	15	compensation	compensation	NOUN
iiclr-17591	319	16	,	,	PUNCT
iiclr-17591	319	17	in	in	ADP
iiclr-17591	319	18	voting	vote	VERB
iiclr-17591	319	19	on	on	ADP
iiclr-17591	319	20	amendments	amendment	NOUN
iiclr-17591	319	21	to	to	ADP
iiclr-17591	319	22	the	the	DET
iiclr-17591	319	23	charter	charter	NOUN
iiclr-17591	319	24	and	and	CCONJ
iiclr-17591	319	25	by	by	ADP
iiclr-17591	319	26	-	-	PUNCT
iiclr-17591	319	27	laws	law	NOUN
iiclr-17591	319	28	(	(	PUNCT
iiclr-17591	319	29	which	which	PRON
iiclr-17591	319	30	include	include	VERB
iiclr-17591	319	31	matters	matter	NOUN
iiclr-17591	319	32	such	such	ADJ
iiclr-17591	319	33	as	as	ADP
iiclr-17591	319	34	the	the	DET
iiclr-17591	319	35	issuance	issuance	NOUN
iiclr-17591	319	36	of	of	ADP
iiclr-17591	319	37	new	new	ADJ
iiclr-17591	319	38	stock	stock	NOUN
iiclr-17591	319	39	and	and	CCONJ
iiclr-17591	319	40	convertible	convertible	ADJ
iiclr-17591	319	41	bonds	bond	NOUN
iiclr-17591	319	42	,	,	PUNCT
iiclr-17591	319	43	mergers	merger	NOUN
iiclr-17591	319	44	,	,	PUNCT
iiclr-17591	319	45	dissolution	dissolution	NOUN
iiclr-17591	319	46	of	of	ADP
iiclr-17591	319	47	the	the	DET
iiclr-17591	319	48	company	company	NOUN
iiclr-17591	319	49	)	)	PUNCT
iiclr-17591	319	50	,	,	PUNCT
iiclr-17591	319	51	in	in	ADP
iiclr-17591	319	52	voting	vote	VERB
iiclr-17591	319	53	on	on	ADP
iiclr-17591	319	54	the	the	DET
iiclr-17591	319	55	issuance	issuance	NOUN
iiclr-17591	319	56	of	of	ADP
iiclr-17591	319	57	bonds	bond	NOUN
iiclr-17591	319	58	,	,	PUNCT
iiclr-17591	319	59	"	"	PUNCT
iiclr-17591	319	60	c.c	c.c	PROPN
iiclr-17591	319	61	.	.	PROPN
iiclr-17591	319	62	art	art	NOUN
iiclr-17591	319	63	.	.	PUNCT
iiclr-17591	320	1	2364	2364	NUM
iiclr-17591	320	2	,	,	PUNCT
iiclr-17591	320	3	2365	2365	NUM
iiclr-17591	320	4	(	(	PUNCT
iiclr-17591	320	5	italy),29	italy),29	X
iiclr-17591	320	6	and	and	CCONJ
iiclr-17591	320	7	on	on	ADP
iiclr-17591	320	8	other	other	ADJ
iiclr-17591	320	9	subjects.3	subjects.3	PROPN
iiclr-17591	320	10	"	"	PUNCT
iiclr-17591	320	11	a	a	DET
iiclr-17591	320	12	key	key	ADJ
iiclr-17591	320	13	feature	feature	NOUN
iiclr-17591	320	14	of	of	ADP
iiclr-17591	320	15	the	the	DET
iiclr-17591	320	16	system	system	NOUN
iiclr-17591	320	17	is	be	AUX
iiclr-17591	320	18	a	a	DET
iiclr-17591	320	19	special	special	ADJ
iiclr-17591	320	20	power	power	NOUN
iiclr-17591	320	21	of	of	ADP
iiclr-17591	320	22	shareholders	shareholder	NOUN
iiclr-17591	320	23	over	over	ADP
iiclr-17591	320	24	directors	director	NOUN
iiclr-17591	320	25	'	'	PART
iiclr-17591	320	26	and	and	CCONJ
iiclr-17591	320	27	auditors	auditor	NOUN
iiclr-17591	320	28	'	'	PART
iiclr-17591	320	29	liability	liability	NOUN
iiclr-17591	320	30	.	.	PUNCT
iiclr-17591	321	1	this	this	DET
iiclr-17591	321	2	feature	feature	NOUN
iiclr-17591	321	3	will	will	AUX
iiclr-17591	321	4	be	be	AUX
iiclr-17591	321	5	specially	specially	ADV
iiclr-17591	321	6	examined	examine	VERB
iiclr-17591	321	7	throughout	throughout	ADP
iiclr-17591	321	8	this	this	DET
iiclr-17591	321	9	paper	paper	NOUN
iiclr-17591	321	10	:	:	PUNCT
iiclr-17591	321	11	directors	director	NOUN
iiclr-17591	321	12	and	and	CCONJ
iiclr-17591	321	13	auditors	auditor	NOUN
iiclr-17591	321	14	may	may	AUX
iiclr-17591	321	15	be	be	AUX
iiclr-17591	321	16	held	hold	VERB
iiclr-17591	321	17	liable	liable	ADJ
iiclr-17591	321	18	only	only	ADV
iiclr-17591	321	19	if	if	SCONJ
iiclr-17591	321	20	a	a	DET
iiclr-17591	321	21	majority	majority	NOUN
iiclr-17591	321	22	of	of	ADP
iiclr-17591	321	23	the	the	DET
iiclr-17591	321	24	voting	voting	NOUN
iiclr-17591	321	25	shareholders	shareholder	NOUN
iiclr-17591	321	26	decide	decide	VERB
iiclr-17591	321	27	to	to	PART
iiclr-17591	321	28	institute	institute	VERB
iiclr-17591	321	29	action	action	NOUN
iiclr-17591	321	30	against	against	ADP
iiclr-17591	321	31	them	they	PRON
iiclr-17591	321	32	.	.	PUNCT
iiclr-17591	322	1	c.c	c.c	PROPN
iiclr-17591	322	2	.	.	PROPN
iiclr-17591	322	3	art	art	NOUN
iiclr-17591	322	4	.	.	PUNCT
iiclr-17591	323	1	2393(1	2393(1	X
iiclr-17591	323	2	)	)	PUNCT
iiclr-17591	323	3	(	(	PUNCT
iiclr-17591	323	4	italy	italy	PROPN
iiclr-17591	323	5	)	)	PUNCT
iiclr-17591	323	6	.	.	PUNCT
iiclr-17591	324	1	shareholders	shareholder	NOUN
iiclr-17591	324	2	act	act	VERB
iiclr-17591	324	3	generally	generally	ADV
iiclr-17591	324	4	as	as	ADP
iiclr-17591	324	5	a	a	DET
iiclr-17591	324	6	group	group	NOUN
iiclr-17591	324	7	,	,	PUNCT
iiclr-17591	324	8	following	follow	VERB
iiclr-17591	324	9	a	a	DET
iiclr-17591	324	10	call	call	NOUN
iiclr-17591	324	11	for	for	ADP
iiclr-17591	324	12	a	a	DET
iiclr-17591	324	13	meeting	meeting	NOUN
iiclr-17591	324	14	.	.	PUNCT
iiclr-17591	325	1	each	each	DET
iiclr-17591	325	2	shareholder	shareholder	NOUN
iiclr-17591	325	3	,	,	PUNCT
iiclr-17591	325	4	however	however	ADV
iiclr-17591	325	5	,	,	PUNCT
iiclr-17591	325	6	or	or	CCONJ
iiclr-17591	325	7	in	in	ADP
iiclr-17591	325	8	certain	certain	ADJ
iiclr-17591	325	9	cases	case	NOUN
iiclr-17591	325	10	shareholders	shareholder	NOUN
iiclr-17591	325	11	representing	represent	VERB
iiclr-17591	325	12	a	a	DET
iiclr-17591	325	13	certain	certain	ADJ
iiclr-17591	325	14	fraction	fraction	NOUN
iiclr-17591	325	15	of	of	ADP
iiclr-17591	325	16	the	the	DET
iiclr-17591	325	17	capital	capital	NOUN
iiclr-17591	325	18	,	,	PUNCT
iiclr-17591	325	19	have	have	VERB
iiclr-17591	325	20	some	some	DET
iiclr-17591	325	21	special	special	ADJ
iiclr-17591	325	22	rights	right	NOUN
iiclr-17591	325	23	.	.	PUNCT
iiclr-17591	326	1	these	these	DET
iiclr-17591	326	2	rights	right	NOUN
iiclr-17591	326	3	include	include	VERB
iiclr-17591	326	4	authority	authority	NOUN
iiclr-17591	326	5	27	27	NUM
iiclr-17591	326	6	.	.	PUNCT
iiclr-17591	327	1	see	see	VERB
iiclr-17591	327	2	infra	infra	NOUN
iiclr-17591	327	3	note	note	VERB
iiclr-17591	327	4	61	61	NUM
iiclr-17591	327	5	and	and	CCONJ
iiclr-17591	327	6	accompanying	accompany	VERB
iiclr-17591	327	7	text	text	NOUN
iiclr-17591	327	8	,	,	PUNCT
iiclr-17591	327	9	for	for	ADP
iiclr-17591	327	10	a	a	DET
iiclr-17591	327	11	difference	difference	NOUN
iiclr-17591	327	12	between	between	ADP
iiclr-17591	327	13	removal	removal	NOUN
iiclr-17591	327	14	of	of	ADP
iiclr-17591	327	15	directors	director	NOUN
iiclr-17591	327	16	and	and	CCONJ
iiclr-17591	327	17	auditors	auditor	NOUN
iiclr-17591	327	18	.	.	PUNCT
iiclr-17591	328	1	28	28	NUM
iiclr-17591	328	2	.	.	PUNCT
iiclr-17591	329	1	the	the	DET
iiclr-17591	329	2	issuance	issuance	NOUN
iiclr-17591	329	3	of	of	ADP
iiclr-17591	329	4	bonds	bond	NOUN
iiclr-17591	329	5	by	by	ADP
iiclr-17591	329	6	banks	bank	NOUN
iiclr-17591	329	7	has	have	AUX
iiclr-17591	329	8	been	be	AUX
iiclr-17591	329	9	permanently	permanently	ADV
iiclr-17591	329	10	assigned	assign	VERB
iiclr-17591	329	11	to	to	ADP
iiclr-17591	329	12	the	the	DET
iiclr-17591	329	13	board	board	NOUN
iiclr-17591	329	14	of	of	ADP
iiclr-17591	329	15	directors	director	NOUN
iiclr-17591	329	16	by	by	ADP
iiclr-17591	329	17	the	the	DET
iiclr-17591	329	18	new	new	ADJ
iiclr-17591	329	19	banking	banking	NOUN
iiclr-17591	329	20	law	law	NOUN
iiclr-17591	329	21	,	,	PUNCT
iiclr-17591	329	22	except	except	SCONJ
iiclr-17591	329	23	for	for	ADP
iiclr-17591	329	24	bonds	bond	NOUN
iiclr-17591	329	25	convertible	convertible	ADJ
iiclr-17591	329	26	in	in	ADP
iiclr-17591	329	27	stock	stock	NOUN
iiclr-17591	329	28	of	of	ADP
iiclr-17591	329	29	the	the	DET
iiclr-17591	329	30	same	same	ADJ
iiclr-17591	329	31	bank	bank	NOUN
iiclr-17591	329	32	(	(	PUNCT
iiclr-17591	329	33	art	art	NOUN
iiclr-17591	329	34	.	.	PUNCT
iiclr-17591	330	1	12(3	12(3	NUM
iiclr-17591	330	2	)	)	PUNCT
iiclr-17591	330	3	,	,	PUNCT
iiclr-17591	330	4	legislative	legislative	ADJ
iiclr-17591	330	5	decree	decree	NOUN
iiclr-17591	330	6	of	of	ADP
iiclr-17591	330	7	sept	sept	PROPN
iiclr-17591	330	8	.	.	PROPN
iiclr-17591	330	9	1	1	NUM
iiclr-17591	330	10	,	,	PUNCT
iiclr-17591	330	11	1993	1993	NUM
iiclr-17591	330	12	,	,	PUNCT
iiclr-17591	330	13	no	no	INTJ
iiclr-17591	330	14	.	.	NOUN
iiclr-17591	330	15	385	385	NUM
iiclr-17591	330	16	)	)	PUNCT
iiclr-17591	330	17	.	.	PUNCT
iiclr-17591	331	1	29	29	NUM
iiclr-17591	331	2	.	.	PUNCT
iiclr-17591	332	1	the	the	DET
iiclr-17591	332	2	law	law	NOUN
iiclr-17591	332	3	requires	require	VERB
iiclr-17591	332	4	higher	high	ADJ
iiclr-17591	332	5	majorities	majority	NOUN
iiclr-17591	332	6	for	for	ADP
iiclr-17591	332	7	charter	charter	NOUN
iiclr-17591	332	8	amendments	amendment	NOUN
iiclr-17591	332	9	and	and	CCONJ
iiclr-17591	332	10	issuance	issuance	NOUN
iiclr-17591	332	11	of	of	ADP
iiclr-17591	332	12	bonds	bond	NOUN
iiclr-17591	332	13	.	.	PUNCT
iiclr-17591	333	1	c.c	c.c	PROPN
iiclr-17591	333	2	.	.	PROPN
iiclr-17591	333	3	arts	arts	PROPN
iiclr-17591	333	4	.	.	PUNCT
iiclr-17591	334	1	2368	2368	NUM
iiclr-17591	334	2	,	,	PUNCT
iiclr-17591	334	3	2369	2369	NUM
iiclr-17591	334	4	,	,	PUNCT
iiclr-17591	334	5	2369	2369	NUM
iiclr-17591	334	6	-	-	PUNCT
iiclr-17591	334	7	bis	bis	X
iiclr-17591	334	8	(	(	PUNCT
iiclr-17591	334	9	italy	italy	PROPN
iiclr-17591	334	10	)	)	PUNCT
iiclr-17591	334	11	.	.	PUNCT
iiclr-17591	335	1	30	30	NUM
iiclr-17591	335	2	.	.	PUNCT
iiclr-17591	336	1	one	one	NUM
iiclr-17591	336	2	of	of	ADP
iiclr-17591	336	3	the	the	DET
iiclr-17591	336	4	most	most	ADV
iiclr-17591	336	5	emphasized	emphasize	VERB
iiclr-17591	336	6	powers	power	NOUN
iiclr-17591	336	7	of	of	ADP
iiclr-17591	336	8	shareholders	shareholder	NOUN
iiclr-17591	336	9	is	be	AUX
iiclr-17591	336	10	the	the	DET
iiclr-17591	336	11	power	power	NOUN
iiclr-17591	336	12	to	to	PART
iiclr-17591	336	13	approve	approve	VERB
iiclr-17591	336	14	the	the	DET
iiclr-17591	336	15	financial	financial	ADJ
iiclr-17591	336	16	statements	statement	NOUN
iiclr-17591	336	17	of	of	ADP
iiclr-17591	336	18	the	the	DET
iiclr-17591	336	19	company	company	NOUN
iiclr-17591	336	20	.	.	PUNCT
iiclr-17591	337	1	the	the	DET
iiclr-17591	337	2	shareholders	shareholder	NOUN
iiclr-17591	337	3	'	'	PART
iiclr-17591	337	4	role	role	NOUN
iiclr-17591	337	5	with	with	ADP
iiclr-17591	337	6	respect	respect	NOUN
iiclr-17591	337	7	to	to	ADP
iiclr-17591	337	8	this	this	DET
iiclr-17591	337	9	matter	matter	NOUN
iiclr-17591	337	10	,	,	PUNCT
iiclr-17591	337	11	however	however	ADV
iiclr-17591	337	12	,	,	PUNCT
iiclr-17591	337	13	is	be	AUX
iiclr-17591	337	14	ambiguous	ambiguous	ADJ
iiclr-17591	337	15	at	at	ADP
iiclr-17591	337	16	best	well	ADV
iiclr-17591	337	17	.	.	PUNCT
iiclr-17591	338	1	financial	financial	ADJ
iiclr-17591	338	2	statements	statement	NOUN
iiclr-17591	338	3	are	be	AUX
iiclr-17591	338	4	obviously	obviously	ADV
iiclr-17591	338	5	prepared	prepare	VERB
iiclr-17591	338	6	by	by	ADP
iiclr-17591	338	7	the	the	DET
iiclr-17591	338	8	board	board	NOUN
iiclr-17591	338	9	of	of	ADP
iiclr-17591	338	10	directors	director	NOUN
iiclr-17591	338	11	(	(	PUNCT
iiclr-17591	338	12	c.c	c.c	PROPN
iiclr-17591	338	13	.	.	PROPN
iiclr-17591	338	14	art	art	NOUN
iiclr-17591	338	15	.	.	PUNCT
iiclr-17591	339	1	2423(1	2423(1	X
iiclr-17591	339	2	)	)	PUNCT
iiclr-17591	339	3	(	(	PUNCT
iiclr-17591	339	4	italy	italy	PROPN
iiclr-17591	339	5	)	)	PUNCT
iiclr-17591	339	6	)	)	PUNCT
iiclr-17591	339	7	,	,	PUNCT
iiclr-17591	339	8	which	which	PRON
iiclr-17591	339	9	has	have	VERB
iiclr-17591	339	10	the	the	DET
iiclr-17591	339	11	relevant	relevant	ADJ
iiclr-17591	339	12	information	information	NOUN
iiclr-17591	339	13	and	and	CCONJ
iiclr-17591	339	14	can	can	AUX
iiclr-17591	339	15	make	make	VERB
iiclr-17591	339	16	the	the	DET
iiclr-17591	339	17	necessary	necessary	ADJ
iiclr-17591	339	18	evaluations	evaluation	NOUN
iiclr-17591	339	19	.	.	PUNCT
iiclr-17591	340	1	whether	whether	SCONJ
iiclr-17591	340	2	shareholders	shareholder	NOUN
iiclr-17591	340	3	can	can	AUX
iiclr-17591	340	4	only	only	ADV
iiclr-17591	340	5	approve	approve	VERB
iiclr-17591	340	6	or	or	CCONJ
iiclr-17591	340	7	reject	reject	VERB
iiclr-17591	340	8	financial	financial	ADJ
iiclr-17591	340	9	statements	statement	NOUN
iiclr-17591	340	10	or	or	CCONJ
iiclr-17591	340	11	they	they	PRON
iiclr-17591	340	12	can	can	AUX
iiclr-17591	340	13	also	also	ADV
iiclr-17591	340	14	modify	modify	VERB
iiclr-17591	340	15	them	they	PRON
iiclr-17591	340	16	is	be	AUX
iiclr-17591	340	17	a	a	DET
iiclr-17591	340	18	matter	matter	NOUN
iiclr-17591	340	19	of	of	ADP
iiclr-17591	340	20	debate	debate	NOUN
iiclr-17591	340	21	.	.	PUNCT
iiclr-17591	341	1	(	(	PUNCT
iiclr-17591	341	2	compare	compare	VERB
iiclr-17591	341	3	berardino	berardino	PROPN
iiclr-17591	341	4	libonat1	libonat1	PROPN
iiclr-17591	341	5	,	,	PUNCT
iiclr-17591	341	6	formazione	formazione	PROPN
iiclr-17591	341	7	del	del	PROPN
iiclr-17591	341	8	bilancio	bilancio	PROPN
iiclr-17591	341	9	e	e	PROPN
iiclr-17591	341	10	destinazione	destinazione	NOUN
iiclr-17591	341	11	degli	degli	NOUN
iiclr-17591	341	12	util	util	PROPN
iiclr-17591	341	13	33	33	NUM
iiclr-17591	341	14	(	(	PUNCT
iiclr-17591	341	15	1978	1978	NUM
iiclr-17591	341	16	)	)	PUNCT
iiclr-17591	341	17	;	;	PUNCT
iiclr-17591	341	18	francesco	francesco	PROPN
iiclr-17591	341	19	galgano	galgano	PROPN
iiclr-17591	341	20	,	,	PUNCT
iiclr-17591	341	21	la	la	X
iiclr-17591	341	22	societa	societa	NOUN
iiclr-17591	341	23	per	per	ADP
iiclr-17591	341	24	azioni	azioni	PROPN
iiclr-17591	341	25	337	337	NUM
iiclr-17591	341	26	-	-	SYM
iiclr-17591	341	27	38	38	NUM
iiclr-17591	341	28	(	(	PUNCT
iiclr-17591	341	29	2d	2d	NUM
iiclr-17591	341	30	ed	ed	NOUN
iiclr-17591	341	31	.	.	PROPN
iiclr-17591	341	32	1988	1988	NUM
iiclr-17591	341	33	)	)	PUNCT
iiclr-17591	341	34	;	;	PUNCT
iiclr-17591	341	35	ferrara	ferrara	NOUN
iiclr-17591	341	36	&	&	CCONJ
iiclr-17591	341	37	copsi	copsi	PROPN
iiclr-17591	341	38	,	,	PUNCT
iiclr-17591	341	39	supra	supra	PROPN
iiclr-17591	341	40	note	note	NOUN
iiclr-17591	341	41	2	2	NUM
iiclr-17591	341	42	,	,	PUNCT
iiclr-17591	341	43	at	at	ADP
iiclr-17591	341	44	661	661	NUM
iiclr-17591	341	45	-	-	SYM
iiclr-17591	341	46	62	62	NUM
iiclr-17591	341	47	(	(	PUNCT
iiclr-17591	341	48	shareholders	shareholder	NOUN
iiclr-17591	341	49	can	can	AUX
iiclr-17591	341	50	not	not	PART
iiclr-17591	341	51	modify	modify	VERB
iiclr-17591	341	52	financial	financial	ADJ
iiclr-17591	341	53	statements	statement	NOUN
iiclr-17591	341	54	)	)	PUNCT
iiclr-17591	341	55	,	,	PUNCT
iiclr-17591	341	56	with	with	ADP
iiclr-17591	341	57	2	2	NUM
iiclr-17591	341	58	campobasso	campobasso	NOUN
iiclr-17591	341	59	,	,	PUNCT
iiclr-17591	341	60	supra	supra	ADJ
iiclr-17591	341	61	note	note	NOUN
iiclr-17591	341	62	2	2	NUM
iiclr-17591	341	63	,	,	PUNCT
iiclr-17591	341	64	at	at	ADP
iiclr-17591	341	65	419	419	NUM
iiclr-17591	341	66	;	;	PUNCT
iiclr-17591	341	67	di	di	X
iiclr-17591	341	68	sabato	sabato	PROPN
iiclr-17591	341	69	,	,	PUNCT
iiclr-17591	341	70	supra	supra	NOUN
iiclr-17591	341	71	note	note	NOUN
iiclr-17591	341	72	2	2	NUM
iiclr-17591	341	73	,	,	PUNCT
iiclr-17591	341	74	at	at	ADP
iiclr-17591	341	75	592	592	NUM
iiclr-17591	341	76	-	-	SYM
iiclr-17591	341	77	93	93	NUM
iiclr-17591	341	78	;	;	PUNCT
iiclr-17591	341	79	jaeger	jaeger	NOUN
iiclr-17591	341	80	&	&	CCONJ
iiclr-17591	341	81	denozza	denozza	PROPN
iiclr-17591	341	82	,	,	PUNCT
iiclr-17591	341	83	supra	supra	ADJ
iiclr-17591	341	84	note	note	NOUN
iiclr-17591	341	85	2	2	NUM
iiclr-17591	341	86	,	,	PUNCT
iiclr-17591	341	87	at	at	ADP
iiclr-17591	341	88	502	502	NUM
iiclr-17591	341	89	-	-	SYM
iiclr-17591	341	90	03	03	NUM
iiclr-17591	341	91	(	(	PUNCT
iiclr-17591	341	92	shareholders	shareholder	NOUN
iiclr-17591	341	93	can	can	AUX
iiclr-17591	341	94	modify	modify	VERB
iiclr-17591	341	95	financial	financial	ADJ
iiclr-17591	341	96	statements	statement	NOUN
iiclr-17591	341	97	)	)	PUNCT
iiclr-17591	341	98	)	)	PUNCT
iiclr-17591	341	99	.	.	PUNCT
iiclr-17591	342	1	moreover	moreover	ADV
iiclr-17591	342	2	,	,	PUNCT
iiclr-17591	342	3	the	the	DET
iiclr-17591	342	4	law	law	NOUN
iiclr-17591	342	5	makes	make	VERB
iiclr-17591	342	6	clear	clear	ADJ
iiclr-17591	342	7	that	that	SCONJ
iiclr-17591	342	8	shareholder	shareholder	NOUN
iiclr-17591	342	9	approval	approval	NOUN
iiclr-17591	342	10	of	of	ADP
iiclr-17591	342	11	financial	financial	ADJ
iiclr-17591	342	12	statements	statement	NOUN
iiclr-17591	342	13	does	do	AUX
iiclr-17591	342	14	not	not	PART
iiclr-17591	342	15	constitute	constitute	VERB
iiclr-17591	342	16	a	a	DET
iiclr-17591	342	17	waiver	waiver	NOUN
iiclr-17591	342	18	for	for	ADP
iiclr-17591	342	19	possible	possible	ADJ
iiclr-17591	342	20	directors	director	NOUN
iiclr-17591	342	21	'	'	PART
iiclr-17591	342	22	liability	liability	NOUN
iiclr-17591	342	23	(	(	PUNCT
iiclr-17591	342	24	c.c	c.c	PROPN
iiclr-17591	342	25	.	.	PROPN
iiclr-17591	342	26	art	art	NOUN
iiclr-17591	342	27	.	.	PUNCT
iiclr-17591	343	1	2434	2434	NUM
iiclr-17591	343	2	(	(	PUNCT
iiclr-17591	343	3	italy	italy	PROPN
iiclr-17591	343	4	)	)	PUNCT
iiclr-17591	343	5	)	)	PUNCT
iiclr-17591	343	6	,	,	PUNCT
iiclr-17591	343	7	but	but	CCONJ
iiclr-17591	343	8	it	it	PRON
iiclr-17591	343	9	is	be	AUX
iiclr-17591	343	10	unclear	unclear	ADJ
iiclr-17591	343	11	what	what	PRON
iiclr-17591	343	12	happens	happen	VERB
iiclr-17591	343	13	if	if	SCONJ
iiclr-17591	343	14	shareholders	shareholder	NOUN
iiclr-17591	343	15	expressly	expressly	ADV
iiclr-17591	343	16	refuse	refuse	VERB
iiclr-17591	343	17	to	to	PART
iiclr-17591	343	18	approve	approve	VERB
iiclr-17591	343	19	them	they	PRON
iiclr-17591	343	20	.	.	PUNCT
iiclr-17591	344	1	see	see	VERB
iiclr-17591	344	2	di	di	PROPN
iiclr-17591	344	3	sabato	sabato	PROPN
iiclr-17591	344	4	,	,	PUNCT
iiclr-17591	344	5	supra	supra	NOUN
iiclr-17591	344	6	note	note	NOUN
iiclr-17591	344	7	2	2	NUM
iiclr-17591	344	8	at	at	ADP
iiclr-17591	344	9	59293	59293	NUM
iiclr-17591	344	10	.	.	PUNCT
iiclr-17591	345	1	(	(	PUNCT
iiclr-17591	345	2	my	my	PRON
iiclr-17591	345	3	view	view	NOUN
iiclr-17591	345	4	is	be	AUX
iiclr-17591	345	5	that	that	SCONJ
iiclr-17591	345	6	due	due	ADP
iiclr-17591	345	7	to	to	ADP
iiclr-17591	345	8	the	the	DET
iiclr-17591	345	9	normal	normal	ADJ
iiclr-17591	345	10	coincidence	coincidence	NOUN
iiclr-17591	345	11	of	of	ADP
iiclr-17591	345	12	interests	interest	NOUN
iiclr-17591	345	13	between	between	ADP
iiclr-17591	345	14	controlling	control	VERB
iiclr-17591	345	15	shareholders	shareholder	NOUN
iiclr-17591	345	16	and	and	CCONJ
iiclr-17591	345	17	directors	director	NOUN
iiclr-17591	345	18	,	,	PUNCT
iiclr-17591	345	19	this	this	DET
iiclr-17591	345	20	problem	problem	NOUN
iiclr-17591	345	21	is	be	AUX
iiclr-17591	345	22	largely	largely	ADV
iiclr-17591	345	23	moot	moot	ADJ
iiclr-17591	345	24	,	,	PUNCT
iiclr-17591	345	25	as	as	SCONJ
iiclr-17591	345	26	the	the	DET
iiclr-17591	345	27	scarcity	scarcity	NOUN
iiclr-17591	345	28	of	of	ADP
iiclr-17591	345	29	cases	case	NOUN
iiclr-17591	345	30	confirms	confirm	VERB
iiclr-17591	345	31	)	)	PUNCT
iiclr-17591	345	32	.	.	PUNCT
iiclr-17591	346	1	the	the	DET
iiclr-17591	346	2	meaning	meaning	NOUN
iiclr-17591	346	3	of	of	ADP
iiclr-17591	346	4	shareholders	shareholder	NOUN
iiclr-17591	346	5	'	'	PART
iiclr-17591	346	6	approval	approval	NOUN
iiclr-17591	346	7	,	,	PUNCT
iiclr-17591	346	8	then	then	ADV
iiclr-17591	346	9	,	,	PUNCT
iiclr-17591	346	10	seems	seem	VERB
iiclr-17591	346	11	to	to	PART
iiclr-17591	346	12	be	be	AUX
iiclr-17591	346	13	limited	limit	VERB
iiclr-17591	346	14	to	to	ADP
iiclr-17591	346	15	the	the	DET
iiclr-17591	346	16	fact	fact	NOUN
iiclr-17591	346	17	that	that	SCONJ
iiclr-17591	346	18	any	any	DET
iiclr-17591	346	19	shareholder	shareholder	NOUN
iiclr-17591	346	20	,	,	PUNCT
iiclr-17591	346	21	by	by	ADP
iiclr-17591	346	22	contesting	contest	VERB
iiclr-17591	346	23	the	the	DET
iiclr-17591	346	24	validity	validity	NOUN
iiclr-17591	346	25	of	of	ADP
iiclr-17591	346	26	the	the	DET
iiclr-17591	346	27	approval	approval	NOUN
iiclr-17591	346	28	,	,	PUNCT
iiclr-17591	346	29	has	have	AUX
iiclr-17591	346	30	the	the	DET
iiclr-17591	346	31	right	right	NOUN
iiclr-17591	346	32	to	to	PART
iiclr-17591	346	33	react	react	VERB
iiclr-17591	346	34	against	against	ADP
iiclr-17591	346	35	the	the	DET
iiclr-17591	346	36	illegality	illegality	NOUN
iiclr-17591	346	37	or	or	CCONJ
iiclr-17591	346	38	the	the	DET
iiclr-17591	346	39	falsity	falsity	NOUN
iiclr-17591	346	40	of	of	ADP
iiclr-17591	346	41	financial	financial	ADJ
iiclr-17591	346	42	statements	statement	NOUN
iiclr-17591	346	43	,	,	PUNCT
iiclr-17591	346	44	by	by	ADP
iiclr-17591	346	45	challenging	challenge	VERB
iiclr-17591	346	46	the	the	DET
iiclr-17591	346	47	approval	approval	NOUN
iiclr-17591	346	48	in	in	ADP
iiclr-17591	346	49	court	court	NOUN
iiclr-17591	346	50	.	.	PUNCT
iiclr-17591	347	1	(	(	PUNCT
iiclr-17591	347	2	shareholders	shareholder	NOUN
iiclr-17591	347	3	of	of	ADP
iiclr-17591	347	4	companies	company	NOUN
iiclr-17591	347	5	whose	whose	DET
iiclr-17591	347	6	financial	financial	ADJ
iiclr-17591	347	7	reports	report	NOUN
iiclr-17591	347	8	are	be	AUX
iiclr-17591	347	9	mandatorily	mandatorily	ADV
iiclr-17591	347	10	subject	subject	ADJ
iiclr-17591	347	11	to	to	ADP
iiclr-17591	347	12	audit	audit	NOUN
iiclr-17591	347	13	-	-	PUNCT
iiclr-17591	347	14	listed	list	VERB
iiclr-17591	347	15	companies	company	NOUN
iiclr-17591	347	16	and	and	CCONJ
iiclr-17591	347	17	financial	financial	ADJ
iiclr-17591	347	18	intermediaries	intermediary	NOUN
iiclr-17591	347	19	,	,	PUNCT
iiclr-17591	347	20	principally	principally	ADV
iiclr-17591	347	21	-	-	PUNCT
iiclr-17591	347	22	can	can	AUX
iiclr-17591	347	23	sue	sue	VERB
iiclr-17591	347	24	only	only	ADV
iiclr-17591	347	25	if	if	SCONJ
iiclr-17591	347	26	they	they	PRON
iiclr-17591	347	27	possess	possess	VERB
iiclr-17591	347	28	shares	share	NOUN
iiclr-17591	347	29	amounting	amount	VERB
iiclr-17591	347	30	to	to	ADP
iiclr-17591	347	31	five	five	NUM
iiclr-17591	347	32	percent	percent	NOUN
iiclr-17591	347	33	of	of	ADP
iiclr-17591	347	34	the	the	DET
iiclr-17591	347	35	capital	capital	NOUN
iiclr-17591	347	36	or	or	CCONJ
iiclr-17591	347	37	to	to	ADP
iiclr-17591	347	38	a	a	DET
iiclr-17591	347	39	total	total	ADJ
iiclr-17591	347	40	par	par	NOUN
iiclr-17591	347	41	value	value	NOUN
iiclr-17591	347	42	of	of	ADP
iiclr-17591	347	43	100	100	NUM
iiclr-17591	347	44	million	million	NUM
iiclr-17591	347	45	liras	lira	NOUN
iiclr-17591	347	46	.	.	PUNCT
iiclr-17591	348	1	art	art	NOUN
iiclr-17591	348	2	.	.	PUNCT
iiclr-17591	349	1	6	6	NUM
iiclr-17591	349	2	,	,	PUNCT
iiclr-17591	349	3	legislative	legislative	ADJ
iiclr-17591	349	4	decree	decree	NOUN
iiclr-17591	349	5	of	of	ADP
iiclr-17591	349	6	mar	mar	PROPN
iiclr-17591	349	7	.	.	PROPN
iiclr-17591	349	8	31	31	NUM
iiclr-17591	349	9	,	,	PUNCT
iiclr-17591	349	10	1975	1975	NUM
iiclr-17591	349	11	,	,	PUNCT
iiclr-17591	349	12	no	no	INTJ
iiclr-17591	349	13	.	.	NOUN
iiclr-17591	349	14	136	136	NUM
iiclr-17591	349	15	.	.	PUNCT
iiclr-17591	349	16	)	)	PUNCT
iiclr-17591	350	1	for	for	ADP
iiclr-17591	350	2	a	a	DET
iiclr-17591	350	3	complete	complete	ADJ
iiclr-17591	350	4	and	and	CCONJ
iiclr-17591	350	5	detailed	detailed	ADJ
iiclr-17591	350	6	list	list	NOUN
iiclr-17591	350	7	of	of	ADP
iiclr-17591	350	8	the	the	DET
iiclr-17591	350	9	subjects	subject	NOUN
iiclr-17591	350	10	on	on	ADP
iiclr-17591	350	11	which	which	PRON
iiclr-17591	350	12	shareholders	shareholder	NOUN
iiclr-17591	350	13	can	can	AUX
iiclr-17591	350	14	,	,	PUNCT
iiclr-17591	350	15	or	or	CCONJ
iiclr-17591	350	16	must	must	AUX
iiclr-17591	350	17	,	,	PUNCT
iiclr-17591	350	18	vote	vote	VERB
iiclr-17591	350	19	,	,	PUNCT
iiclr-17591	350	20	see	see	VERB
iiclr-17591	350	21	2	2	NUM
iiclr-17591	350	22	campobasso	campobasso	NOUN
iiclr-17591	350	23	,	,	PUNCT
iiclr-17591	350	24	supra	supra	PROPN
iiclr-17591	350	25	note	note	NOUN
iiclr-17591	350	26	2	2	NUM
iiclr-17591	350	27	,	,	PUNCT
iiclr-17591	350	28	at	at	ADP
iiclr-17591	350	29	288	288	NUM
iiclr-17591	350	30	-	-	SYM
iiclr-17591	350	31	89	89	NUM
iiclr-17591	350	32	,	,	PUNCT
iiclr-17591	350	33	and	and	CCONJ
iiclr-17591	350	34	di	di	PROPN
iiclr-17591	350	35	sabato	sabato	PROPN
iiclr-17591	350	36	,	,	PUNCT
iiclr-17591	350	37	supra	supra	NOUN
iiclr-17591	350	38	note	note	NOUN
iiclr-17591	350	39	2	2	NUM
iiclr-17591	350	40	,	,	PUNCT
iiclr-17591	350	41	at	at	ADP
iiclr-17591	350	42	419	419	NUM
iiclr-17591	350	43	-	-	SYM
iiclr-17591	350	44	20	20	NUM
iiclr-17591	350	45	.	.	PUNCT
iiclr-17591	350	46	1995	1995	NUM
iiclr-17591	350	47	]	]	X
iiclr-17591	350	48	ind	ind	NOUN
iiclr-17591	350	49	.	.	PUNCT
iiclr-17591	350	50	int'l	int'l	PROPN
iiclr-17591	350	51	&	&	CCONJ
iiclr-17591	350	52	comp	comp	PROPN
iiclr-17591	350	53	.	.	PUNCT
iiclr-17591	351	1	l	l	PROPN
iiclr-17591	351	2	rev	rev	VERB
iiclr-17591	351	3	.	.	PROPN
iiclr-17591	351	4	to	to	PART
iiclr-17591	351	5	provoke	provoke	VERB
iiclr-17591	351	6	inspections	inspection	NOUN
iiclr-17591	351	7	by	by	ADP
iiclr-17591	351	8	the	the	DET
iiclr-17591	351	9	auditors	auditor	NOUN
iiclr-17591	351	10	and	and	CCONJ
iiclr-17591	351	11	by	by	ADP
iiclr-17591	351	12	the	the	DET
iiclr-17591	351	13	court3	court3	NOUN
iiclr-17591	351	14	'	'	PUNCT
iiclr-17591	351	15	and	and	CCONJ
iiclr-17591	351	16	to	to	PART
iiclr-17591	351	17	request	request	VERB
iiclr-17591	351	18	and	and	CCONJ
iiclr-17591	351	19	obtain	obtain	VERB
iiclr-17591	351	20	a	a	DET
iiclr-17591	351	21	call	call	NOUN
iiclr-17591	351	22	of	of	ADP
iiclr-17591	351	23	a	a	DET
iiclr-17591	351	24	shareholders	shareholder	NOUN
iiclr-17591	351	25	'	'	PART
iiclr-17591	351	26	meeting.32	meeting.32	VERB
iiclr-17591	351	27	each	each	DET
iiclr-17591	351	28	shareholder	shareholder	NOUN
iiclr-17591	351	29	,	,	PUNCT
iiclr-17591	351	30	moreover	moreover	ADV
iiclr-17591	351	31	,	,	PUNCT
iiclr-17591	351	32	has	have	VERB
iiclr-17591	351	33	the	the	DET
iiclr-17591	351	34	right	right	NOUN
iiclr-17591	351	35	to	to	PART
iiclr-17591	351	36	question	question	VERB
iiclr-17591	351	37	in	in	ADP
iiclr-17591	351	38	court	court	NOUN
iiclr-17591	351	39	the	the	DET
iiclr-17591	351	40	validity	validity	NOUN
iiclr-17591	351	41	of	of	ADP
iiclr-17591	351	42	any	any	DET
iiclr-17591	351	43	shareholders	shareholder	NOUN
iiclr-17591	351	44	'	'	PART
iiclr-17591	351	45	resolution	resolution	NOUN
iiclr-17591	351	46	and	and	CCONJ
iiclr-17591	351	47	to	to	PART
iiclr-17591	351	48	obtain	obtain	VERB
iiclr-17591	351	49	its	its	PRON
iiclr-17591	351	50	voidance	voidance	NOUN
iiclr-17591	351	51	if	if	SCONJ
iiclr-17591	351	52	it	it	PRON
iiclr-17591	351	53	is	be	AUX
iiclr-17591	351	54	proven	prove	VERB
iiclr-17591	351	55	to	to	PART
iiclr-17591	351	56	be	be	AUX
iiclr-17591	351	57	against	against	ADP
iiclr-17591	351	58	the	the	DET
iiclr-17591	351	59	law	law	NOUN
iiclr-17591	351	60	or	or	CCONJ
iiclr-17591	351	61	the	the	DET
iiclr-17591	351	62	charter.33	charter.33	PROPN
iiclr-17591	351	63	shareholders	shareholder	NOUN
iiclr-17591	351	64	are	be	AUX
iiclr-17591	351	65	not	not	PART
iiclr-17591	351	66	allowed	allow	VERB
iiclr-17591	351	67	to	to	PART
iiclr-17591	351	68	intrude	intrude	VERB
iiclr-17591	351	69	in	in	ADP
iiclr-17591	351	70	the	the	DET
iiclr-17591	351	71	management	management	NOUN
iiclr-17591	351	72	of	of	ADP
iiclr-17591	351	73	the	the	DET
iiclr-17591	351	74	company	company	NOUN
iiclr-17591	351	75	unless	unless	SCONJ
iiclr-17591	351	76	expressly	expressly	ADV
iiclr-17591	351	77	requested	request	VERB
iiclr-17591	351	78	to	to	PART
iiclr-17591	351	79	do	do	VERB
iiclr-17591	351	80	so	so	ADV
iiclr-17591	351	81	by	by	ADP
iiclr-17591	351	82	the	the	DET
iiclr-17591	351	83	directors	director	NOUN
iiclr-17591	351	84	or	or	CCONJ
iiclr-17591	351	85	,	,	PUNCT
iiclr-17591	351	86	ex	ex	X
iiclr-17591	351	87	ante	ante	NOUN
iiclr-17591	351	88	,	,	PUNCT
iiclr-17591	351	89	by	by	ADP
iiclr-17591	351	90	the	the	DET
iiclr-17591	351	91	charter.34	charter.34	NOUN
iiclr-17591	351	92	in	in	ADP
iiclr-17591	351	93	no	no	DET
iiclr-17591	351	94	event	event	NOUN
iiclr-17591	351	95	may	may	AUX
iiclr-17591	351	96	they	they	PRON
iiclr-17591	351	97	give	give	VERB
iiclr-17591	351	98	orders	order	NOUN
iiclr-17591	351	99	to	to	ADP
iiclr-17591	351	100	the	the	DET
iiclr-17591	351	101	directors	director	NOUN
iiclr-17591	351	102	.3	.3	NUM
iiclr-17591	351	103	5	5	NUM
iiclr-17591	351	104	even	even	ADV
iiclr-17591	351	105	so	so	ADV
iiclr-17591	351	106	,	,	PUNCT
iiclr-17591	351	107	the	the	DET
iiclr-17591	351	108	amount	amount	NOUN
iiclr-17591	351	109	of	of	ADP
iiclr-17591	351	110	power	power	NOUN
iiclr-17591	351	111	shareholders	shareholder	NOUN
iiclr-17591	351	112	of	of	ADP
iiclr-17591	351	113	italian	italian	ADJ
iiclr-17591	351	114	companies	company	NOUN
iiclr-17591	351	115	have	have	VERB
iiclr-17591	351	116	,	,	PUNCT
iiclr-17591	351	117	when	when	SCONJ
iiclr-17591	351	118	compared	compare	VERB
iiclr-17591	351	119	with	with	ADP
iiclr-17591	351	120	their	their	PRON
iiclr-17591	351	121	american	american	ADJ
iiclr-17591	351	122	counterparts	counterpart	NOUN
iiclr-17591	351	123	,	,	PUNCT
iiclr-17591	351	124	can	can	AUX
iiclr-17591	351	125	be	be	AUX
iiclr-17591	351	126	considered	consider	VERB
iiclr-17591	351	127	very	very	ADV
iiclr-17591	351	128	high	high	ADJ
iiclr-17591	351	129	.	.	PUNCT
iiclr-17591	352	1	the	the	DET
iiclr-17591	352	2	law	law	NOUN
iiclr-17591	352	3	prevents	prevent	VERB
iiclr-17591	352	4	a	a	DET
iiclr-17591	352	5	dilution	dilution	NOUN
iiclr-17591	352	6	of	of	ADP
iiclr-17591	352	7	their	their	PRON
iiclr-17591	352	8	voting	voting	NOUN
iiclr-17591	352	9	rights	right	NOUN
iiclr-17591	352	10	by	by	ADP
iiclr-17591	352	11	means	mean	NOUN
iiclr-17591	352	12	of	of	ADP
iiclr-17591	352	13	multiple	multiple	ADJ
iiclr-17591	352	14	voting	voting	NOUN
iiclr-17591	352	15	shares36	shares36	NOUN
iiclr-17591	352	16	and	and	CCONJ
iiclr-17591	352	17	sharply	sharply	ADV
iiclr-17591	352	18	limits	limit	VERB
iiclr-17591	352	19	departures	departure	NOUN
iiclr-17591	352	20	from	from	ADP
iiclr-17591	352	21	the	the	DET
iiclr-17591	352	22	"	"	PUNCT
iiclr-17591	352	23	one	one	NUM
iiclr-17591	352	24	share	share	NOUN
iiclr-17591	352	25	one	one	NUM
iiclr-17591	352	26	vote	vote	NOUN
iiclr-17591	352	27	"	"	PUNCT
iiclr-17591	352	28	principle.3	principle.3	NOUN
iiclr-17591	352	29	shareholders	shareholder	NOUN
iiclr-17591	352	30	have	have	VERB
iiclr-17591	352	31	the	the	DET
iiclr-17591	352	32	final	final	ADJ
iiclr-17591	352	33	say	say	NOUN
iiclr-17591	352	34	on	on	ADP
iiclr-17591	352	35	fundamental	fundamental	ADJ
iiclr-17591	352	36	matters	matter	NOUN
iiclr-17591	352	37	like	like	ADP
iiclr-17591	352	38	dividend	dividend	NOUN
iiclr-17591	352	39	policy	policy	NOUN
iiclr-17591	352	40	and	and	CCONJ
iiclr-17591	352	41	capital	capital	NOUN
iiclr-17591	352	42	structure	structure	NOUN
iiclr-17591	352	43	.	.	PUNCT
iiclr-17591	353	1	they	they	PRON
iiclr-17591	353	2	decide	decide	VERB
iiclr-17591	353	3	what	what	PRON
iiclr-17591	353	4	part	part	NOUN
iiclr-17591	353	5	of	of	ADP
iiclr-17591	353	6	the	the	DET
iiclr-17591	353	7	earnings	earning	NOUN
iiclr-17591	353	8	must	must	AUX
iiclr-17591	353	9	be	be	AUX
iiclr-17591	353	10	paid	pay	VERB
iiclr-17591	353	11	out	out	ADP
iiclr-17591	353	12	to	to	ADP
iiclr-17591	353	13	31	31	NUM
iiclr-17591	353	14	.	.	PUNCT
iiclr-17591	354	1	c.c	c.c	PROPN
iiclr-17591	354	2	.	.	PROPN
iiclr-17591	354	3	art	art	PROPN
iiclr-17591	354	4	.	.	PUNCT
iiclr-17591	355	1	2408	2408	NUM
iiclr-17591	355	2	and	and	CCONJ
iiclr-17591	355	3	art	art	NOUN
iiclr-17591	355	4	.	.	PUNCT
iiclr-17591	356	1	2409	2409	NUM
iiclr-17591	356	2	(	(	PUNCT
iiclr-17591	356	3	italy	italy	PROPN
iiclr-17591	356	4	)	)	PUNCT
iiclr-17591	356	5	.	.	PUNCT
iiclr-17591	357	1	c.c	c.c	PROPN
iiclr-17591	357	2	.	.	PROPN
iiclr-17591	357	3	art	art	PROPN
iiclr-17591	357	4	.	.	PUNCT
iiclr-17591	358	1	2409	2409	NUM
iiclr-17591	358	2	(	(	PUNCT
iiclr-17591	358	3	italy	italy	PROPN
iiclr-17591	358	4	)	)	PUNCT
iiclr-17591	358	5	,	,	PUNCT
iiclr-17591	358	6	which	which	PRON
iiclr-17591	358	7	is	be	AUX
iiclr-17591	358	8	one	one	NUM
iiclr-17591	358	9	of	of	ADP
iiclr-17591	358	10	the	the	DET
iiclr-17591	358	11	key	key	ADJ
iiclr-17591	358	12	provisions	provision	NOUN
iiclr-17591	358	13	of	of	ADP
iiclr-17591	358	14	the	the	DET
iiclr-17591	358	15	balance	balance	NOUN
iiclr-17591	358	16	of	of	ADP
iiclr-17591	358	17	power	power	NOUN
iiclr-17591	358	18	between	between	ADP
iiclr-17591	358	19	majority	majority	NOUN
iiclr-17591	358	20	and	and	CCONJ
iiclr-17591	358	21	minority	minority	NOUN
iiclr-17591	358	22	shareholders	shareholder	NOUN
iiclr-17591	358	23	(	(	PUNCT
iiclr-17591	358	24	infra	infra	NOUN
iiclr-17591	358	25	note	note	VERB
iiclr-17591	358	26	277	277	NUM
iiclr-17591	358	27	and	and	CCONJ
iiclr-17591	358	28	accompanying	accompany	VERB
iiclr-17591	358	29	text	text	NOUN
iiclr-17591	358	30	)	)	PUNCT
iiclr-17591	358	31	,	,	PUNCT
iiclr-17591	358	32	will	will	AUX
iiclr-17591	358	33	be	be	AUX
iiclr-17591	358	34	discussed	discuss	VERB
iiclr-17591	358	35	later	later	ADV
iiclr-17591	358	36	.	.	PUNCT
iiclr-17591	359	1	32	32	NUM
iiclr-17591	359	2	.	.	X
iiclr-17591	360	1	c.c	c.c	PROPN
iiclr-17591	360	2	.	.	PROPN
iiclr-17591	360	3	art	art	NOUN
iiclr-17591	360	4	.	.	PUNCT
iiclr-17591	361	1	2367	2367	NUM
iiclr-17591	361	2	(	(	PUNCT
iiclr-17591	361	3	italy	italy	PROPN
iiclr-17591	361	4	)	)	PUNCT
iiclr-17591	361	5	.	.	PUNCT
iiclr-17591	362	1	33	33	NUM
iiclr-17591	362	2	.	.	PUNCT
iiclr-17591	363	1	c.c	c.c	PROPN
iiclr-17591	363	2	.	.	PROPN
iiclr-17591	363	3	arts	arts	PROPN
iiclr-17591	363	4	.	.	PUNCT
iiclr-17591	364	1	2373	2373	NUM
iiclr-17591	364	2	,	,	PUNCT
iiclr-17591	364	3	2377	2377	NUM
iiclr-17591	364	4	-	-	SYM
iiclr-17591	364	5	79	79	NUM
iiclr-17591	364	6	(	(	PUNCT
iiclr-17591	364	7	italy	italy	PROPN
iiclr-17591	364	8	)	)	PUNCT
iiclr-17591	364	9	.	.	PUNCT
iiclr-17591	365	1	c.c	c.c	PROPN
iiclr-17591	365	2	.	.	PROPN
iiclr-17591	365	3	art	art	PROPN
iiclr-17591	365	4	.	.	PUNCT
iiclr-17591	366	1	2373	2373	NUM
iiclr-17591	366	2	(	(	PUNCT
iiclr-17591	366	3	italy	italy	PROPN
iiclr-17591	366	4	)	)	PUNCT
iiclr-17591	366	5	deals	deal	VERB
iiclr-17591	366	6	specifically	specifically	ADV
iiclr-17591	366	7	with	with	ADP
iiclr-17591	366	8	the	the	DET
iiclr-17591	366	9	conflict	conflict	NOUN
iiclr-17591	366	10	of	of	ADP
iiclr-17591	366	11	interest	interest	NOUN
iiclr-17591	366	12	of	of	ADP
iiclr-17591	366	13	one	one	NUM
iiclr-17591	366	14	or	or	CCONJ
iiclr-17591	366	15	more	more	ADJ
iiclr-17591	366	16	voting	voting	NOUN
iiclr-17591	366	17	shareholder	shareholder	NOUN
iiclr-17591	366	18	(	(	PUNCT
iiclr-17591	366	19	the	the	DET
iiclr-17591	366	20	resolution	resolution	NOUN
iiclr-17591	366	21	is	be	AUX
iiclr-17591	366	22	voidable	voidable	ADJ
iiclr-17591	366	23	if	if	SCONJ
iiclr-17591	366	24	it	it	PRON
iiclr-17591	366	25	passed	pass	VERB
iiclr-17591	366	26	with	with	ADP
iiclr-17591	366	27	the	the	DET
iiclr-17591	366	28	decisive	decisive	ADJ
iiclr-17591	366	29	vote	vote	NOUN
iiclr-17591	366	30	of	of	ADP
iiclr-17591	366	31	interested	interested	ADJ
iiclr-17591	366	32	shareholders	shareholder	NOUN
iiclr-17591	366	33	and	and	CCONJ
iiclr-17591	366	34	it	it	PRON
iiclr-17591	366	35	can	can	AUX
iiclr-17591	366	36	harm	harm	VERB
iiclr-17591	366	37	the	the	DET
iiclr-17591	366	38	corporation	corporation	NOUN
iiclr-17591	366	39	)	)	PUNCT
iiclr-17591	366	40	,	,	PUNCT
iiclr-17591	366	41	while	while	SCONJ
iiclr-17591	366	42	the	the	DET
iiclr-17591	366	43	other	other	ADJ
iiclr-17591	366	44	three	three	NUM
iiclr-17591	366	45	provisions	provision	NOUN
iiclr-17591	366	46	deal	deal	VERB
iiclr-17591	366	47	with	with	ADP
iiclr-17591	366	48	void	void	ADJ
iiclr-17591	366	49	or	or	CCONJ
iiclr-17591	366	50	voidable	voidable	ADJ
iiclr-17591	366	51	resolutions	resolution	NOUN
iiclr-17591	366	52	and	and	CCONJ
iiclr-17591	366	53	with	with	ADP
iiclr-17591	366	54	procedural	procedural	ADJ
iiclr-17591	366	55	problems	problem	NOUN
iiclr-17591	366	56	.	.	PUNCT
iiclr-17591	367	1	34	34	NUM
iiclr-17591	367	2	.	.	PUNCT
iiclr-17591	367	3	c.c	c.c	PROPN
iiclr-17591	367	4	.	.	PROPN
iiclr-17591	367	5	art	art	PROPN
iiclr-17591	367	6	.	.	PUNCT
iiclr-17591	368	1	2364(1	2364(1	NUM
iiclr-17591	368	2	)	)	PUNCT
iiclr-17591	368	3	,	,	PUNCT
iiclr-17591	368	4	no	no	INTJ
iiclr-17591	368	5	.	.	NOUN
iiclr-17591	368	6	4	4	NUM
iiclr-17591	368	7	,	,	PUNCT
iiclr-17591	368	8	(	(	PUNCT
iiclr-17591	368	9	italy	italy	PROPN
iiclr-17591	368	10	)	)	PUNCT
iiclr-17591	368	11	.	.	PUNCT
iiclr-17591	369	1	35	35	NUM
iiclr-17591	369	2	.	.	PUNCT
iiclr-17591	369	3	judgment	judgment	NOUN
iiclr-17591	369	4	of	of	ADP
iiclr-17591	369	5	feb	feb	PROPN
iiclr-17591	369	6	.	.	PUNCT
iiclr-17591	369	7	7,1972	7,1972	PROPN
iiclr-17591	369	8	,	,	PUNCT
iiclr-17591	369	9	no	no	INTJ
iiclr-17591	369	10	.	.	NOUN
iiclr-17591	369	11	296	296	NUM
iiclr-17591	369	12	,	,	PUNCT
iiclr-17591	369	13	cass	cass	PROPN
iiclr-17591	369	14	.	.	PUNCT
iiclr-17591	369	15	civ	civ	PROPN
iiclr-17591	369	16	.	.	PROPN
iiclr-17591	369	17	,	,	PUNCT
iiclr-17591	369	18	1972	1972	NUM
iiclr-17591	369	19	giustizia	giustizia	PROPN
iiclr-17591	369	20	civile	civile	PROPN
iiclr-17591	369	21	1	1	NUM
iiclr-17591	369	22	,	,	PUNCT
iiclr-17591	369	23	688	688	NUM
iiclr-17591	369	24	.	.	PUNCT
iiclr-17591	370	1	see	see	VERB
iiclr-17591	370	2	also	also	ADV
iiclr-17591	370	3	francesco	francesco	PROPN
iiclr-17591	370	4	corsi	corsi	PROPN
iiclr-17591	370	5	,	,	PUNCT
iiclr-17591	370	6	il	il	PROPN
iiclr-17591	370	7	con	con	PROPN
iiclr-17591	370	8	=	=	PROPN
iiclr-17591	370	9	cero	cero	PROPN
iiclr-17591	370	10	di	di	PROPN
iiclr-17591	370	11	amministrazione	amministrazione	PROPN
iiclr-17591	370	12	nel	nel	PROPN
iiclr-17591	370	13	dirjtto	dirjtto	PROPN
iiclr-17591	370	14	privato	privato	PROPN
iiclr-17591	370	15	267	267	NUM
iiclr-17591	370	16	-	-	SYM
iiclr-17591	370	17	84	84	NUM
iiclr-17591	370	18	(	(	PUNCT
iiclr-17591	370	19	1974	1974	NUM
iiclr-17591	370	20	)	)	PUNCT
iiclr-17591	370	21	;	;	PUNCT
iiclr-17591	371	1	franco	franco	PROPN
iiclr-17591	371	2	bonelli	bonelli	PROPN
iiclr-17591	371	3	,	,	PUNCT
iiclr-17591	371	4	gli	gli	NOUN
iiclr-17591	371	5	amministratori	amministratori	X
iiclr-17591	371	6	di	di	NOUN
iiclr-17591	371	7	societk	societk	NOUN
iiclr-17591	371	8	per	per	ADP
iiclr-17591	371	9	azioni	azioni	PROPN
iiclr-17591	371	10	5	5	NUM
iiclr-17591	371	11	-	-	SYM
iiclr-17591	371	12	12	12	NUM
iiclr-17591	371	13	(	(	PUNCT
iiclr-17591	371	14	1985	1985	NUM
iiclr-17591	371	15	)	)	PUNCT
iiclr-17591	371	16	;	;	PUNCT
iiclr-17591	371	17	2	2	NUM
iiclr-17591	371	18	campobasso	campobasso	NOUN
iiclr-17591	371	19	,	,	PUNCT
iiclr-17591	371	20	supra	supra	PROPN
iiclr-17591	371	21	note	note	NOUN
iiclr-17591	371	22	2	2	NUM
iiclr-17591	371	23	,	,	PUNCT
iiclr-17591	371	24	at	at	ADP
iiclr-17591	371	25	327	327	NUM
iiclr-17591	371	26	.	.	PUNCT
iiclr-17591	372	1	according	accord	VERB
iiclr-17591	372	2	to	to	ADP
iiclr-17591	372	3	a	a	DET
iiclr-17591	372	4	different	different	ADJ
iiclr-17591	372	5	opinion	opinion	NOUN
iiclr-17591	372	6	,	,	PUNCT
iiclr-17591	372	7	shareholders	shareholder	NOUN
iiclr-17591	372	8	'	'	PART
iiclr-17591	372	9	resolutions	resolution	NOUN
iiclr-17591	372	10	can	can	AUX
iiclr-17591	372	11	be	be	AUX
iiclr-17591	372	12	binding	bind	VERB
iiclr-17591	372	13	for	for	ADP
iiclr-17591	372	14	the	the	DET
iiclr-17591	372	15	directors	director	NOUN
iiclr-17591	372	16	under	under	ADP
iiclr-17591	372	17	particular	particular	ADJ
iiclr-17591	372	18	circumstances	circumstance	NOUN
iiclr-17591	372	19	:	:	PUNCT
iiclr-17591	372	20	vincenzo	vincenzo	PROPN
iiclr-17591	372	21	calandra	calandra	PROPN
iiclr-17591	372	22	bonaura	bonaura	PROPN
iiclr-17591	372	23	,	,	PUNCT
iiclr-17591	372	24	gestione	gestione	NOUN
iiclr-17591	372	25	dell'impresa	dell'impresa	PROPN
iiclr-17591	372	26	e	e	PROPN
iiclr-17591	372	27	competenze	competenze	NOUN
iiclr-17591	372	28	dell'assemblea	dell'assemblea	PROPN
iiclr-17591	372	29	nella	nella	PROPN
iiclr-17591	372	30	societg	societg	NOUN
iiclr-17591	372	31	per	per	ADP
iiclr-17591	372	32	azioni	azioni	PROPN
iiclr-17591	372	33	159	159	NUM
iiclr-17591	372	34	-	-	SYM
iiclr-17591	372	35	88	88	NUM
iiclr-17591	372	36	(	(	PUNCT
iiclr-17591	372	37	1985	1985	NUM
iiclr-17591	372	38	)	)	PUNCT
iiclr-17591	372	39	.	.	PUNCT
iiclr-17591	373	1	36	36	NUM
iiclr-17591	373	2	.	.	X
iiclr-17591	374	1	c.c	c.c	PROPN
iiclr-17591	374	2	.	.	PROPN
iiclr-17591	374	3	art	art	NOUN
iiclr-17591	374	4	.	.	PUNCT
iiclr-17591	375	1	2351(3	2351(3	NUM
iiclr-17591	375	2	)	)	PUNCT
iiclr-17591	375	3	(	(	PUNCT
iiclr-17591	375	4	italy	italy	PROPN
iiclr-17591	375	5	)	)	PUNCT
iiclr-17591	375	6	.	.	PUNCT
iiclr-17591	376	1	37	37	NUM
iiclr-17591	376	2	.	.	PUNCT
iiclr-17591	377	1	c.c	c.c	PROPN
iiclr-17591	377	2	.	.	PROPN
iiclr-17591	377	3	art	art	NOUN
iiclr-17591	377	4	.	.	PUNCT
iiclr-17591	378	1	2351(2	2351(2	NUM
iiclr-17591	378	2	)	)	PUNCT
iiclr-17591	378	3	(	(	PUNCT
iiclr-17591	378	4	italy	italy	PROPN
iiclr-17591	378	5	)	)	PUNCT
iiclr-17591	378	6	.	.	PUNCT
iiclr-17591	379	1	as	as	ADP
iiclr-17591	379	2	to	to	ADP
iiclr-17591	379	3	voting	vote	VERB
iiclr-17591	379	4	rights	right	NOUN
iiclr-17591	379	5	,	,	PUNCT
iiclr-17591	379	6	only	only	ADV
iiclr-17591	379	7	three	three	NUM
iiclr-17591	379	8	classes	class	NOUN
iiclr-17591	379	9	of	of	ADP
iiclr-17591	379	10	shares	share	NOUN
iiclr-17591	379	11	can	can	AUX
iiclr-17591	379	12	be	be	AUX
iiclr-17591	379	13	created	create	VERB
iiclr-17591	379	14	:	:	PUNCT
iiclr-17591	379	15	common	common	ADJ
iiclr-17591	379	16	stock	stock	NOUN
iiclr-17591	379	17	,	,	PUNCT
iiclr-17591	379	18	which	which	PRON
iiclr-17591	379	19	votes	vote	VERB
iiclr-17591	379	20	on	on	ADP
iiclr-17591	379	21	every	every	DET
iiclr-17591	379	22	matter	matter	NOUN
iiclr-17591	379	23	,	,	PUNCT
iiclr-17591	379	24	limited	limited	ADJ
iiclr-17591	379	25	-	-	PUNCT
iiclr-17591	379	26	voting	vote	VERB
iiclr-17591	379	27	preferred	preferred	ADJ
iiclr-17591	379	28	stock	stock	NOUN
iiclr-17591	379	29	,	,	PUNCT
iiclr-17591	379	30	which	which	PRON
iiclr-17591	379	31	votes	vote	VERB
iiclr-17591	379	32	only	only	ADV
iiclr-17591	379	33	in	in	ADP
iiclr-17591	379	34	"	"	PUNCT
iiclr-17591	379	35	extraordinary	extraordinary	ADJ
iiclr-17591	379	36	meetings	meeting	NOUN
iiclr-17591	379	37	"	"	PUNCT
iiclr-17591	379	38	(	(	PUNCT
iiclr-17591	379	39	i.e.	i.e.	X
iiclr-17591	379	40	,	,	PUNCT
iiclr-17591	379	41	essentially	essentially	ADV
iiclr-17591	379	42	,	,	PUNCT
iiclr-17591	379	43	on	on	ADP
iiclr-17591	379	44	charter	charter	NOUN
iiclr-17591	379	45	amendments	amendment	NOUN
iiclr-17591	379	46	and	and	CCONJ
iiclr-17591	379	47	issuance	issuance	NOUN
iiclr-17591	379	48	of	of	ADP
iiclr-17591	379	49	bonds	bond	NOUN
iiclr-17591	379	50	)	)	PUNCT
iiclr-17591	379	51	,	,	PUNCT
iiclr-17591	379	52	and	and	CCONJ
iiclr-17591	379	53	non	non	ADJ
iiclr-17591	379	54	-	-	ADJ
iiclr-17591	379	55	voting	voting	ADJ
iiclr-17591	379	56	cumulative	cumulative	ADJ
iiclr-17591	379	57	preferred	prefer	VERB
iiclr-17591	379	58	stockwhich	stockwhich	NOUN
iiclr-17591	379	59	the	the	DET
iiclr-17591	379	60	law	law	NOUN
iiclr-17591	379	61	defines	define	VERB
iiclr-17591	379	62	,	,	PUNCT
iiclr-17591	379	63	a	a	DET
iiclr-17591	379	64	little	little	ADJ
iiclr-17591	379	65	populistically	populistically	ADV
iiclr-17591	379	66	,	,	PUNCT
iiclr-17591	379	67	as	as	ADP
iiclr-17591	379	68	"	"	PUNCT
iiclr-17591	379	69	azioni	azioni	PROPN
iiclr-17591	379	70	&	&	CCONJ
iiclr-17591	379	71	i	i	PRON
iiclr-17591	379	72	risparmio	risparmio	VERB
iiclr-17591	379	73	,	,	PUNCT
iiclr-17591	379	74	"	"	PUNCT
iiclr-17591	379	75	i.e.	i.e.	X
iiclr-17591	379	76	,	,	PUNCT
iiclr-17591	379	77	savings	saving	NOUN
iiclr-17591	379	78	shares	share	NOUN
iiclr-17591	379	79	.	.	PUNCT
iiclr-17591	380	1	three	three	NUM
iiclr-17591	380	2	clarifications	clarification	NOUN
iiclr-17591	380	3	are	be	AUX
iiclr-17591	380	4	necessary	necessary	ADJ
iiclr-17591	380	5	:	:	PUNCT
iiclr-17591	380	6	(	(	PUNCT
iiclr-17591	380	7	1	1	X
iiclr-17591	380	8	)	)	PUNCT
iiclr-17591	380	9	the	the	DET
iiclr-17591	380	10	total	total	ADJ
iiclr-17591	380	11	numbers	number	NOUN
iiclr-17591	380	12	of	of	ADP
iiclr-17591	380	13	shares	share	NOUN
iiclr-17591	380	14	of	of	ADP
iiclr-17591	380	15	stock	stock	NOUN
iiclr-17591	380	16	with	with	ADP
iiclr-17591	380	17	limited	limited	ADJ
iiclr-17591	380	18	voting	voting	NOUN
iiclr-17591	380	19	rights	right	NOUN
iiclr-17591	380	20	(	(	PUNCT
iiclr-17591	380	21	i.e.	i.e.	X
iiclr-17591	380	22	,	,	PUNCT
iiclr-17591	380	23	preferred	preferred	ADJ
iiclr-17591	380	24	stock	stock	NOUN
iiclr-17591	380	25	and	and	CCONJ
iiclr-17591	380	26	non	non	ADJ
iiclr-17591	380	27	-	-	ADJ
iiclr-17591	380	28	voting	voting	ADJ
iiclr-17591	380	29	cumulative	cumulative	ADJ
iiclr-17591	380	30	preferred	preferred	ADJ
iiclr-17591	380	31	stock	stock	NOUN
iiclr-17591	380	32	)	)	PUNCT
iiclr-17591	380	33	can	can	AUX
iiclr-17591	380	34	never	never	ADV
iiclr-17591	380	35	exceed	exceed	VERB
iiclr-17591	380	36	one	one	NUM
iiclr-17591	380	37	-	-	PUNCT
iiclr-17591	380	38	half	half	NOUN
iiclr-17591	380	39	of	of	ADP
iiclr-17591	380	40	the	the	DET
iiclr-17591	380	41	total	total	ADJ
iiclr-17591	380	42	number	number	NOUN
iiclr-17591	380	43	of	of	ADP
iiclr-17591	380	44	shares	share	NOUN
iiclr-17591	380	45	outstanding	outstanding	ADJ
iiclr-17591	380	46	.	.	PUNCT
iiclr-17591	381	1	c.c	c.c	PROPN
iiclr-17591	381	2	.	.	PROPN
iiclr-17591	381	3	art	art	NOUN
iiclr-17591	381	4	.	.	PUNCT
iiclr-17591	382	1	2351(2	2351(2	NUM
iiclr-17591	382	2	)	)	PUNCT
iiclr-17591	382	3	(	(	PUNCT
iiclr-17591	382	4	italy	italy	PROPN
iiclr-17591	382	5	)	)	PUNCT
iiclr-17591	382	6	;	;	PUNCT
iiclr-17591	382	7	(	(	PUNCT
iiclr-17591	382	8	2	2	X
iiclr-17591	382	9	)	)	PUNCT
iiclr-17591	382	10	every	every	DET
iiclr-17591	382	11	charter	charter	NOUN
iiclr-17591	382	12	amendment	amendment	NOUN
iiclr-17591	382	13	resulting	result	VERB
iiclr-17591	382	14	in	in	ADP
iiclr-17591	382	15	the	the	DET
iiclr-17591	382	16	impairment	impairment	NOUN
iiclr-17591	382	17	of	of	ADP
iiclr-17591	382	18	the	the	DET
iiclr-17591	382	19	rights	right	NOUN
iiclr-17591	382	20	of	of	ADP
iiclr-17591	382	21	one	one	NUM
iiclr-17591	382	22	class	class	NOUN
iiclr-17591	382	23	of	of	ADP
iiclr-17591	382	24	stock	stock	NOUN
iiclr-17591	382	25	comparatively	comparatively	ADV
iiclr-17591	382	26	to	to	ADP
iiclr-17591	382	27	the	the	DET
iiclr-17591	382	28	others	other	NOUN
iiclr-17591	382	29	must	must	AUX
iiclr-17591	382	30	be	be	AUX
iiclr-17591	382	31	approved	approve	VERB
iiclr-17591	382	32	by	by	ADP
iiclr-17591	382	33	a	a	DET
iiclr-17591	382	34	majority	majority	NOUN
iiclr-17591	382	35	of	of	ADP
iiclr-17591	382	36	shares	share	NOUN
iiclr-17591	382	37	of	of	ADP
iiclr-17591	382	38	the	the	DET
iiclr-17591	382	39	impaired	impaired	ADJ
iiclr-17591	382	40	class	class	NOUN
iiclr-17591	382	41	.	.	PUNCT
iiclr-17591	383	1	c.c	c.c	PROPN
iiclr-17591	383	2	.	.	PROPN
iiclr-17591	383	3	art	art	PROPN
iiclr-17591	383	4	.	.	PUNCT
iiclr-17591	384	1	2376	2376	NUM
iiclr-17591	384	2	(	(	PUNCT
iiclr-17591	384	3	italy	italy	PROPN
iiclr-17591	384	4	)	)	PUNCT
iiclr-17591	384	5	;	;	PUNCT
iiclr-17591	384	6	on	on	ADP
iiclr-17591	384	7	class	class	NOUN
iiclr-17591	384	8	voting	voting	NOUN
iiclr-17591	384	9	see	see	VERB
iiclr-17591	384	10	the	the	DET
iiclr-17591	384	11	unsurpassed	unsurpassed	ADJ
iiclr-17591	384	12	study	study	NOUN
iiclr-17591	384	13	of	of	ADP
iiclr-17591	384	14	ariberto	ariberto	PROPN
iiclr-17591	384	15	mignoli	mignoli	PROPN
iiclr-17591	384	16	,	,	PUNCT
iiclr-17591	384	17	le	le	X
iiclr-17591	384	18	assemblee	assemblee	PROPN
iiclr-17591	384	19	speciali	speciali	PROPN
iiclr-17591	384	20	(	(	PUNCT
iiclr-17591	384	21	1960	1960	NUM
iiclr-17591	384	22	)	)	PUNCT
iiclr-17591	384	23	;	;	PUNCT
iiclr-17591	384	24	(	(	PUNCT
iiclr-17591	384	25	3	3	X
iiclr-17591	384	26	)	)	PUNCT
iiclr-17591	384	27	only	only	ADV
iiclr-17591	384	28	listed	list	VERB
iiclr-17591	384	29	companies	company	NOUN
iiclr-17591	384	30	can	can	AUX
iiclr-17591	384	31	issue	issue	VERB
iiclr-17591	384	32	non	non	ADJ
iiclr-17591	384	33	-	-	ADJ
iiclr-17591	384	34	voting	voting	ADJ
iiclr-17591	384	35	cumulative	cumulative	ADJ
iiclr-17591	384	36	preferred	preferred	ADJ
iiclr-17591	384	37	stock	stock	NOUN
iiclr-17591	384	38	.	.	PUNCT
iiclr-17591	385	1	c.c	c.c	PROPN
iiclr-17591	385	2	.	.	PROPN
iiclr-17591	385	3	art	art	NOUN
iiclr-17591	385	4	.	.	PUNCT
iiclr-17591	386	1	14	14	NUM
iiclr-17591	386	2	-	-	SYM
iiclr-17591	386	3	16	16	NUM
iiclr-17591	386	4	(	(	PUNCT
iiclr-17591	386	5	italy	italy	PROPN
iiclr-17591	386	6	)	)	PUNCT
iiclr-17591	386	7	,	,	PUNCT
iiclr-17591	386	8	law	law	NOUN
iiclr-17591	386	9	of	of	ADP
iiclr-17591	386	10	june	june	PROPN
iiclr-17591	386	11	7	7	NUM
iiclr-17591	386	12	,	,	PUNCT
iiclr-17591	386	13	1974	1974	NUM
iiclr-17591	386	14	,	,	PUNCT
iiclr-17591	386	15	no	no	INTJ
iiclr-17591	386	16	.	.	NOUN
iiclr-17591	386	17	216	216	NUM
iiclr-17591	386	18	;	;	PUNCT
iiclr-17591	386	19	see	see	VERB
iiclr-17591	386	20	generally	generally	ADV
iiclr-17591	386	21	maurizio	maurizio	PROPN
iiclr-17591	386	22	de	de	PROPN
iiclr-17591	386	23	acutis	acutis	PROPN
iiclr-17591	386	24	,	,	PUNCT
iiclr-17591	386	25	le	le	PROPN
iiclr-17591	386	26	azioni	azioni	PROPN
iiclr-17591	386	27	di	di	X
iiclr-17591	386	28	risparmio	risparmio	PROPN
iiclr-17591	386	29	(	(	PUNCT
iiclr-17591	386	30	1981	1981	NUM
iiclr-17591	386	31	)	)	PUNCT
iiclr-17591	386	32	.	.	PUNCT
iiclr-17591	387	1	the	the	DET
iiclr-17591	387	2	non	non	ADJ
iiclr-17591	387	3	-	-	ADJ
iiclr-17591	387	4	voting	voting	ADJ
iiclr-17591	387	5	cumulative	cumulative	ADJ
iiclr-17591	387	6	preferred	preferred	ADJ
iiclr-17591	387	7	stock	stock	NOUN
iiclr-17591	387	8	gives	give	VERB
iiclr-17591	387	9	the	the	DET
iiclr-17591	387	10	stockholder	stockholder	NOUN
iiclr-17591	387	11	an	an	DET
iiclr-17591	387	12	absolute	absolute	ADJ
iiclr-17591	387	13	right	right	NOUN
iiclr-17591	387	14	to	to	ADP
iiclr-17591	387	15	the	the	DET
iiclr-17591	387	16	dividend	dividend	NOUN
iiclr-17591	387	17	,	,	PUNCT
iiclr-17591	387	18	provided	provide	VERB
iiclr-17591	387	19	that	that	SCONJ
iiclr-17591	387	20	there	there	PRON
iiclr-17591	387	21	are	be	VERB
iiclr-17591	387	22	earnings	earning	NOUN
iiclr-17591	387	23	(	(	PUNCT
iiclr-17591	387	24	unlike	unlike	ADP
iiclr-17591	387	25	the	the	DET
iiclr-17591	387	26	limited	limited	ADJ
iiclr-17591	387	27	-	-	PUNCT
iiclr-17591	387	28	voting	vote	VERB
iiclr-17591	387	29	preferred	preferred	ADJ
iiclr-17591	387	30	stock	stock	NOUN
iiclr-17591	387	31	,	,	PUNCT
iiclr-17591	387	32	whose	whose	DET
iiclr-17591	387	33	right	right	NOUN
iiclr-17591	387	34	to	to	ADP
iiclr-17591	387	35	dividends	dividend	NOUN
iiclr-17591	387	36	is	be	AUX
iiclr-17591	387	37	subject	subject	ADJ
iiclr-17591	387	38	to	to	ADP
iiclr-17591	387	39	the	the	DET
iiclr-17591	387	40	vote	vote	NOUN
iiclr-17591	387	41	of	of	ADP
iiclr-17591	387	42	shareholders	shareholder	NOUN
iiclr-17591	387	43	:	:	PUNCT
iiclr-17591	387	44	see	see	VERB
iiclr-17591	387	45	infra	infra	NOUN
iiclr-17591	387	46	note	note	VERB
iiclr-17591	387	47	38	38	NUM
iiclr-17591	387	48	and	and	CCONJ
iiclr-17591	387	49	accompanying	accompany	VERB
iiclr-17591	387	50	text	text	NOUN
iiclr-17591	387	51	)	)	PUNCT
iiclr-17591	387	52	;	;	PUNCT
iiclr-17591	387	53	this	this	DET
iiclr-17591	387	54	right	right	NOUN
iiclr-17591	387	55	,	,	PUNCT
iiclr-17591	387	56	if	if	SCONJ
iiclr-17591	387	57	unsatisfied	unsatisfie	VERB
iiclr-17591	387	58	,	,	PUNCT
iiclr-17591	387	59	is	be	AUX
iiclr-17591	387	60	carried	carry	VERB
iiclr-17591	387	61	over	over	ADP
iiclr-17591	387	62	the	the	DET
iiclr-17591	387	63	following	following	ADJ
iiclr-17591	387	64	years	year	NOUN
iiclr-17591	387	65	.	.	PUNCT
iiclr-17591	388	1	[	[	X
iiclr-17591	388	2	vol	vol	NOUN
iiclr-17591	388	3	.	.	PUNCT
iiclr-17591	389	1	6:1	6:1	NUM
iiclr-17591	389	2	corporate	corporate	ADJ
iiclr-17591	389	3	governance	governance	NOUN
iiclr-17591	389	4	in	in	ADP
iiclr-17591	389	5	italy	italy	PROPN
iiclr-17591	389	6	them	they	PRON
iiclr-17591	389	7	and	and	CCONJ
iiclr-17591	389	8	what	what	DET
iiclr-17591	389	9	part	part	NOUN
iiclr-17591	389	10	may	may	AUX
iiclr-17591	389	11	be	be	AUX
iiclr-17591	389	12	reinvested.38	reinvested.38	NOUN
iiclr-17591	389	13	they	they	PRON
iiclr-17591	389	14	must	must	AUX
iiclr-17591	389	15	approve	approve	VERB
iiclr-17591	389	16	the	the	DET
iiclr-17591	389	17	issuance	issuance	NOUN
iiclr-17591	389	18	of	of	ADP
iiclr-17591	389	19	stock	stock	NOUN
iiclr-17591	389	20	,	,	PUNCT
iiclr-17591	389	21	bonds	bond	NOUN
iiclr-17591	389	22	,	,	PUNCT
iiclr-17591	389	23	warrants	warrant	NOUN
iiclr-17591	389	24	and	and	CCONJ
iiclr-17591	389	25	convertible	convertible	ADJ
iiclr-17591	389	26	bonds	bond	NOUN
iiclr-17591	389	27	,	,	PUNCT
iiclr-17591	389	28	which	which	PRON
iiclr-17591	389	29	technically	technically	ADV
iiclr-17591	389	30	take	take	VERB
iiclr-17591	389	31	the	the	DET
iiclr-17591	389	32	form	form	NOUN
iiclr-17591	389	33	of	of	ADP
iiclr-17591	389	34	charter	charter	NOUN
iiclr-17591	389	35	amendments39	amendments39	PROPN
iiclr-17591	389	36	and	and	CCONJ
iiclr-17591	389	37	may	may	AUX
iiclr-17591	389	38	be	be	AUX
iiclr-17591	389	39	delegated	delegate	VERB
iiclr-17591	389	40	to	to	ADP
iiclr-17591	389	41	the	the	DET
iiclr-17591	389	42	board	board	NOUN
iiclr-17591	389	43	of	of	ADP
iiclr-17591	389	44	directors	director	NOUN
iiclr-17591	389	45	only	only	ADV
iiclr-17591	389	46	for	for	ADP
iiclr-17591	389	47	a	a	DET
iiclr-17591	389	48	limited	limited	ADJ
iiclr-17591	389	49	period	period	NOUN
iiclr-17591	389	50	of	of	ADP
iiclr-17591	389	51	time	time	NOUN
iiclr-17591	389	52	.	.	PUNCT
iiclr-17591	389	53	'	'	PUNCT
iiclr-17591	390	1	preemptive	preemptive	ADJ
iiclr-17591	390	2	rights	right	NOUN
iiclr-17591	390	3	may	may	AUX
iiclr-17591	390	4	not	not	PART
iiclr-17591	390	5	be	be	AUX
iiclr-17591	390	6	waived	waive	VERB
iiclr-17591	390	7	by	by	ADP
iiclr-17591	390	8	the	the	DET
iiclr-17591	390	9	charter	charter	NOUN
iiclr-17591	390	10	and	and	CCONJ
iiclr-17591	390	11	may	may	AUX
iiclr-17591	390	12	be	be	AUX
iiclr-17591	390	13	only	only	ADV
iiclr-17591	390	14	limited	limit	VERB
iiclr-17591	390	15	for	for	ADP
iiclr-17591	390	16	single	single	ADJ
iiclr-17591	390	17	issuances	issuance	NOUN
iiclr-17591	390	18	,	,	PUNCT
iiclr-17591	390	19	in	in	ADP
iiclr-17591	390	20	special	special	ADJ
iiclr-17591	390	21	circumstances	circumstance	NOUN
iiclr-17591	390	22	and	and	CCONJ
iiclr-17591	390	23	following	follow	VERB
iiclr-17591	390	24	an	an	DET
iiclr-17591	390	25	absolute	absolute	ADJ
iiclr-17591	390	26	majority	majority	NOUN
iiclr-17591	390	27	vote	vote	NOUN
iiclr-17591	390	28	.	.	PUNCT
iiclr-17591	390	29	"	"	PUNCT
iiclr-17591	391	1	in	in	ADP
iiclr-17591	391	2	light	light	NOUN
iiclr-17591	391	3	of	of	ADP
iiclr-17591	391	4	the	the	DET
iiclr-17591	391	5	predominant	predominant	ADJ
iiclr-17591	391	6	ownership	ownership	NOUN
iiclr-17591	391	7	structure	structure	NOUN
iiclr-17591	391	8	of	of	ADP
iiclr-17591	391	9	italian	italian	ADJ
iiclr-17591	391	10	companies	company	NOUN
iiclr-17591	391	11	,	,	PUNCT
iiclr-17591	391	12	which	which	PRON
iiclr-17591	391	13	we	we	PRON
iiclr-17591	391	14	will	will	AUX
iiclr-17591	391	15	examine	examine	VERB
iiclr-17591	391	16	in	in	ADP
iiclr-17591	391	17	part	part	NOUN
iiclr-17591	391	18	iv	iv	ADP
iiclr-17591	391	19	,	,	PUNCT
iiclr-17591	391	20	the	the	DET
iiclr-17591	391	21	rather	rather	ADV
iiclr-17591	391	22	important	important	ADJ
iiclr-17591	391	23	role	role	NOUN
iiclr-17591	391	24	of	of	ADP
iiclr-17591	391	25	shareholders	shareholder	NOUN
iiclr-17591	391	26	is	be	AUX
iiclr-17591	391	27	hardly	hardly	ADV
iiclr-17591	391	28	surprising	surprising	ADJ
iiclr-17591	391	29	.	.	PUNCT
iiclr-17591	392	1	the	the	DET
iiclr-17591	392	2	whole	whole	ADJ
iiclr-17591	392	3	system	system	NOUN
iiclr-17591	392	4	of	of	ADP
iiclr-17591	392	5	corporate	corporate	ADJ
iiclr-17591	392	6	governance	governance	NOUN
iiclr-17591	392	7	,	,	PUNCT
iiclr-17591	392	8	and	and	CCONJ
iiclr-17591	392	9	sometimes	sometimes	ADV
iiclr-17591	392	10	the	the	DET
iiclr-17591	392	11	very	very	ADJ
iiclr-17591	392	12	ability	ability	NOUN
iiclr-17591	392	13	of	of	ADP
iiclr-17591	392	14	the	the	DET
iiclr-17591	392	15	company	company	NOUN
iiclr-17591	392	16	to	to	PART
iiclr-17591	392	17	survive	survive	VERB
iiclr-17591	392	18	,	,	PUNCT
iiclr-17591	392	19	is	be	AUX
iiclr-17591	392	20	based	base	VERB
iiclr-17591	392	21	on	on	ADP
iiclr-17591	392	22	the	the	DET
iiclr-17591	392	23	assumption	assumption	NOUN
iiclr-17591	392	24	that	that	SCONJ
iiclr-17591	392	25	a	a	DET
iiclr-17591	392	26	large	large	ADJ
iiclr-17591	392	27	part	part	NOUN
iiclr-17591	392	28	of	of	ADP
iiclr-17591	392	29	the	the	DET
iiclr-17591	392	30	shareholders	shareholder	NOUN
iiclr-17591	392	31	will	will	AUX
iiclr-17591	392	32	participate	participate	VERB
iiclr-17591	392	33	actively	actively	ADV
iiclr-17591	392	34	.	.	PUNCT
iiclr-17591	393	1	2	2	NUM
iiclr-17591	393	2	this	this	DET
iiclr-17591	393	3	assumption	assumption	NOUN
iiclr-17591	393	4	is	be	AUX
iiclr-17591	393	5	basically	basically	ADV
iiclr-17591	393	6	correct	correct	ADJ
iiclr-17591	393	7	38	38	NUM
iiclr-17591	393	8	.	.	PUNCT
iiclr-17591	394	1	c.c	c.c	PROPN
iiclr-17591	394	2	.	.	PROPN
iiclr-17591	394	3	art	art	NOUN
iiclr-17591	394	4	.	.	PUNCT
iiclr-17591	395	1	2433	2433	NUM
iiclr-17591	395	2	(	(	PUNCT
iiclr-17591	395	3	italy	italy	PROPN
iiclr-17591	395	4	)	)	PUNCT
iiclr-17591	395	5	.	.	PUNCT
iiclr-17591	396	1	the	the	DET
iiclr-17591	396	2	directors	director	NOUN
iiclr-17591	396	3	of	of	ADP
iiclr-17591	396	4	companies	company	NOUN
iiclr-17591	396	5	whose	whose	DET
iiclr-17591	396	6	financial	financial	ADJ
iiclr-17591	396	7	reports	report	NOUN
iiclr-17591	396	8	are	be	AUX
iiclr-17591	396	9	mandatorily	mandatorily	ADV
iiclr-17591	396	10	subject	subject	ADJ
iiclr-17591	396	11	to	to	ADP
iiclr-17591	396	12	audit	audit	NOUN
iiclr-17591	396	13	(	(	PUNCT
iiclr-17591	396	14	see	see	VERB
iiclr-17591	396	15	supra	supra	PROPN
iiclr-17591	396	16	note	note	NOUN
iiclr-17591	396	17	30	30	NUM
iiclr-17591	396	18	)	)	PUNCT
iiclr-17591	396	19	have	have	VERB
iiclr-17591	396	20	the	the	DET
iiclr-17591	396	21	power	power	NOUN
iiclr-17591	396	22	to	to	PART
iiclr-17591	396	23	declare	declare	VERB
iiclr-17591	396	24	semi	semi	ADJ
iiclr-17591	396	25	-	-	ADJ
iiclr-17591	396	26	annual	annual	ADJ
iiclr-17591	396	27	advances	advance	NOUN
iiclr-17591	396	28	on	on	ADP
iiclr-17591	396	29	dividends	dividend	NOUN
iiclr-17591	396	30	.	.	PUNCT
iiclr-17591	397	1	see	see	VERB
iiclr-17591	397	2	c.c	c.c	PROPN
iiclr-17591	397	3	.	.	PROPN
iiclr-17591	397	4	art	art	NOUN
iiclr-17591	397	5	.	.	PUNCT
iiclr-17591	398	1	2433	2433	NUM
iiclr-17591	398	2	-	-	PUNCT
iiclr-17591	398	3	bis	bis	X
iiclr-17591	398	4	(	(	PUNCT
iiclr-17591	398	5	italy	italy	PROPN
iiclr-17591	398	6	)	)	PUNCT
iiclr-17591	398	7	.	.	PUNCT
iiclr-17591	399	1	39	39	NUM
iiclr-17591	399	2	.	.	PUNCT
iiclr-17591	400	1	the	the	DET
iiclr-17591	400	2	issuance	issuance	NOUN
iiclr-17591	400	3	of	of	ADP
iiclr-17591	400	4	bonds	bond	NOUN
iiclr-17591	400	5	is	be	AUX
iiclr-17591	400	6	not	not	PART
iiclr-17591	400	7	an	an	DET
iiclr-17591	400	8	amendment	amendment	NOUN
iiclr-17591	400	9	of	of	ADP
iiclr-17591	400	10	the	the	DET
iiclr-17591	400	11	charter	charter	NOUN
iiclr-17591	400	12	,	,	PUNCT
iiclr-17591	400	13	despite	despite	SCONJ
iiclr-17591	400	14	its	its	PRON
iiclr-17591	400	15	being	be	AUX
iiclr-17591	400	16	subject	subject	ADJ
iiclr-17591	400	17	to	to	ADP
iiclr-17591	400	18	identical	identical	ADJ
iiclr-17591	400	19	formalities	formality	NOUN
iiclr-17591	400	20	.	.	PUNCT
iiclr-17591	401	1	40	40	NUM
iiclr-17591	401	2	.	.	PUNCT
iiclr-17591	402	1	maximum	maximum	ADJ
iiclr-17591	402	2	five	five	NUM
iiclr-17591	402	3	years	year	NOUN
iiclr-17591	402	4	.	.	PUNCT
iiclr-17591	403	1	c.c	c.c	PROPN
iiclr-17591	403	2	.	.	PROPN
iiclr-17591	403	3	art	art	NOUN
iiclr-17591	403	4	.	.	PUNCT
iiclr-17591	404	1	2420	2420	NUM
iiclr-17591	404	2	-	-	SYM
iiclr-17591	404	3	ter	ter	NOUN
iiclr-17591	404	4	,	,	PUNCT
iiclr-17591	404	5	2443	2443	NUM
iiclr-17591	404	6	(	(	PUNCT
iiclr-17591	404	7	italy	italy	PROPN
iiclr-17591	404	8	)	)	PUNCT
iiclr-17591	404	9	,	,	PUNCT
iiclr-17591	404	10	amended	amend	VERB
iiclr-17591	404	11	by	by	ADP
iiclr-17591	404	12	the	the	DET
iiclr-17591	404	13	legislative	legislative	ADJ
iiclr-17591	404	14	decree	decree	NOUN
iiclr-17591	404	15	of	of	ADP
iiclr-17591	404	16	feb	feb	PROPN
iiclr-17591	404	17	.	.	PROPN
iiclr-17591	404	18	10	10	NUM
iiclr-17591	404	19	,	,	PUNCT
iiclr-17591	404	20	1986	1986	NUM
iiclr-17591	404	21	,	,	PUNCT
iiclr-17591	404	22	no	no	INTJ
iiclr-17591	404	23	.	.	NOUN
iiclr-17591	404	24	30	30	NUM
iiclr-17591	404	25	.	.	PUNCT
iiclr-17591	405	1	previously	previously	ADV
iiclr-17591	405	2	the	the	DET
iiclr-17591	405	3	maximum	maximum	ADJ
iiclr-17591	405	4	period	period	NOUN
iiclr-17591	405	5	was	be	AUX
iiclr-17591	405	6	one	one	NUM
iiclr-17591	405	7	year	year	NOUN
iiclr-17591	405	8	.	.	PUNCT
iiclr-17591	406	1	shareholders	shareholder	NOUN
iiclr-17591	406	2	must	must	AUX
iiclr-17591	406	3	also	also	ADV
iiclr-17591	406	4	authorize	authorize	VERB
iiclr-17591	406	5	repurchase	repurchase	VERB
iiclr-17591	406	6	and	and	CCONJ
iiclr-17591	406	7	resale	resale	NOUN
iiclr-17591	406	8	of	of	ADP
iiclr-17591	406	9	the	the	DET
iiclr-17591	406	10	company	company	NOUN
iiclr-17591	406	11	's	's	PART
iiclr-17591	406	12	shares	share	NOUN
iiclr-17591	406	13	.	.	PUNCT
iiclr-17591	407	1	c.c	c.c	PROPN
iiclr-17591	407	2	.	.	PROPN
iiclr-17591	407	3	art	art	NOUN
iiclr-17591	407	4	.	.	PUNCT
iiclr-17591	408	1	2357	2357	NUM
iiclr-17591	408	2	(	(	PUNCT
iiclr-17591	408	3	italy	italy	PROPN
iiclr-17591	408	4	)	)	PUNCT
iiclr-17591	408	5	(	(	PUNCT
iiclr-17591	408	6	authorization	authorization	NOUN
iiclr-17591	408	7	must	must	AUX
iiclr-17591	408	8	be	be	AUX
iiclr-17591	408	9	detailed	detail	VERB
iiclr-17591	408	10	and	and	CCONJ
iiclr-17591	408	11	can	can	AUX
iiclr-17591	408	12	be	be	AUX
iiclr-17591	408	13	given	give	VERB
iiclr-17591	408	14	for	for	ADP
iiclr-17591	408	15	a	a	DET
iiclr-17591	408	16	maximum	maximum	ADJ
iiclr-17591	408	17	period	period	NOUN
iiclr-17591	408	18	of	of	ADP
iiclr-17591	408	19	18	18	NUM
iiclr-17591	408	20	months	month	NOUN
iiclr-17591	408	21	)	)	PUNCT
iiclr-17591	408	22	.	.	PUNCT
iiclr-17591	409	1	in	in	ADP
iiclr-17591	409	2	listed	list	VERB
iiclr-17591	409	3	companies	company	NOUN
iiclr-17591	409	4	,	,	PUNCT
iiclr-17591	409	5	however	however	ADV
iiclr-17591	409	6	,	,	PUNCT
iiclr-17591	409	7	this	this	DET
iiclr-17591	409	8	authorization	authorization	NOUN
iiclr-17591	409	9	is	be	AUX
iiclr-17591	409	10	given	give	VERB
iiclr-17591	409	11	routinely	routinely	ADV
iiclr-17591	409	12	and	and	CCONJ
iiclr-17591	409	13	can	can	AUX
iiclr-17591	409	14	lawfully	lawfully	ADV
iiclr-17591	409	15	be	be	AUX
iiclr-17591	409	16	open	open	ADJ
iiclr-17591	409	17	-	-	PUNCT
iiclr-17591	409	18	ended	end	VERB
iiclr-17591	409	19	as	as	ADP
iiclr-17591	409	20	to	to	ADP
iiclr-17591	409	21	the	the	DET
iiclr-17591	409	22	total	total	ADJ
iiclr-17591	409	23	number	number	NOUN
iiclr-17591	409	24	of	of	ADP
iiclr-17591	409	25	transactions	transaction	NOUN
iiclr-17591	409	26	.	.	PUNCT
iiclr-17591	410	1	tribunal	tribunal	NOUN
iiclr-17591	410	2	of	of	ADP
iiclr-17591	410	3	trieste	trieste	PROPN
iiclr-17591	410	4	,	,	PUNCT
iiclr-17591	410	5	judgment	judgment	NOUN
iiclr-17591	410	6	of	of	ADP
iiclr-17591	410	7	july	july	PROPN
iiclr-17591	410	8	3	3	NUM
iiclr-17591	410	9	,	,	PUNCT
iiclr-17591	410	10	1987	1987	NUM
iiclr-17591	410	11	,	,	PUNCT
iiclr-17591	410	12	1988	1988	NUM
iiclr-17591	410	13	giustizia	giustizia	PROPN
iiclr-17591	410	14	civile	civile	PROPN
iiclr-17591	410	15	1	1	NUM
iiclr-17591	410	16	,	,	PUNCT
iiclr-17591	410	17	2994	2994	NUM
iiclr-17591	410	18	;	;	PUNCT
iiclr-17591	410	19	1988	1988	NUM
iiclr-17591	410	20	giurisprudenza	giurisprudenza	PROPN
iiclr-17591	410	21	commerciale	commerciale	PROPN
iiclr-17591	410	22	ii	ii	PROPN
iiclr-17591	410	23	,	,	PUNCT
iiclr-17591	410	24	124	124	NUM
iiclr-17591	410	25	.	.	PUNCT
iiclr-17591	410	26	41	41	NUM
iiclr-17591	410	27	.	.	PUNCT
iiclr-17591	411	1	c.c	c.c	PROPN
iiclr-17591	411	2	.	.	PROPN
iiclr-17591	411	3	art	art	PROPN
iiclr-17591	411	4	2441(5	2441(5	NUM
iiclr-17591	411	5	)	)	PUNCT
iiclr-17591	411	6	(	(	PUNCT
iiclr-17591	411	7	italy	italy	PROPN
iiclr-17591	411	8	)	)	PUNCT
iiclr-17591	411	9	.	.	PUNCT
iiclr-17591	412	1	the	the	DET
iiclr-17591	412	2	majority	majority	NOUN
iiclr-17591	412	3	requirement	requirement	NOUN
iiclr-17591	412	4	is	be	AUX
iiclr-17591	412	5	reinforced	reinforce	VERB
iiclr-17591	412	6	in	in	ADP
iiclr-17591	412	7	that	that	PRON
iiclr-17591	412	8	,	,	PUNCT
iiclr-17591	412	9	even	even	ADV
iiclr-17591	412	10	at	at	ADP
iiclr-17591	412	11	a	a	DET
iiclr-17591	412	12	second	second	ADJ
iiclr-17591	412	13	and	and	CCONJ
iiclr-17591	412	14	third	third	ADJ
iiclr-17591	412	15	call	call	NOUN
iiclr-17591	412	16	of	of	ADP
iiclr-17591	412	17	the	the	DET
iiclr-17591	412	18	shareholders	shareholder	NOUN
iiclr-17591	412	19	'	'	PART
iiclr-17591	412	20	meeting	meeting	NOUN
iiclr-17591	412	21	,	,	PUNCT
iiclr-17591	412	22	where	where	SCONJ
iiclr-17591	412	23	the	the	DET
iiclr-17591	412	24	number	number	NOUN
iiclr-17591	412	25	constituting	constitute	VERB
iiclr-17591	412	26	a	a	DET
iiclr-17591	412	27	quorum	quorum	NOUN
iiclr-17591	412	28	is	be	AUX
iiclr-17591	412	29	lowered	lower	VERB
iiclr-17591	412	30	(	(	PUNCT
iiclr-17591	412	31	see	see	VERB
iiclr-17591	412	32	infra	infra	NOUN
iiclr-17591	412	33	note	note	VERB
iiclr-17591	412	34	42	42	NUM
iiclr-17591	412	35	)	)	PUNCT
iiclr-17591	412	36	,	,	PUNCT
iiclr-17591	412	37	the	the	DET
iiclr-17591	412	38	approval	approval	NOUN
iiclr-17591	412	39	of	of	ADP
iiclr-17591	412	40	more	more	ADJ
iiclr-17591	412	41	than	than	ADP
iiclr-17591	412	42	a	a	DET
iiclr-17591	412	43	half	half	NOUN
iiclr-17591	412	44	of	of	ADP
iiclr-17591	412	45	the	the	DET
iiclr-17591	412	46	total	total	ADJ
iiclr-17591	412	47	capital	capital	NOUN
iiclr-17591	412	48	is	be	AUX
iiclr-17591	412	49	always	always	ADV
iiclr-17591	412	50	necessary	necessary	ADJ
iiclr-17591	412	51	.	.	PUNCT
iiclr-17591	413	1	42	42	NUM
iiclr-17591	413	2	.	.	PUNCT
iiclr-17591	414	1	charter	charter	NOUN
iiclr-17591	414	2	amendments	amendment	NOUN
iiclr-17591	414	3	are	be	AUX
iiclr-17591	414	4	implemented	implement	VERB
iiclr-17591	414	5	following	follow	VERB
iiclr-17591	414	6	a	a	DET
iiclr-17591	414	7	resolution	resolution	NOUN
iiclr-17591	414	8	approved	approve	VERB
iiclr-17591	414	9	during	during	ADP
iiclr-17591	414	10	a	a	DET
iiclr-17591	414	11	socalled	socalled	ADJ
iiclr-17591	414	12	"	"	PUNCT
iiclr-17591	414	13	extraordinary	extraordinary	ADJ
iiclr-17591	414	14	shareholders	shareholder	NOUN
iiclr-17591	414	15	'	'	PART
iiclr-17591	414	16	meeting	meeting	NOUN
iiclr-17591	414	17	.	.	PUNCT
iiclr-17591	414	18	"	"	PUNCT
iiclr-17591	415	1	'	'	PUNCT
iiclr-17591	415	2	extraordinary	extraordinary	ADJ
iiclr-17591	415	3	"	"	PUNCT
iiclr-17591	415	4	means	mean	VERB
iiclr-17591	415	5	little	little	ADJ
iiclr-17591	415	6	more	more	ADJ
iiclr-17591	415	7	than	than	ADP
iiclr-17591	415	8	a	a	DET
iiclr-17591	415	9	meeting	meeting	NOUN
iiclr-17591	415	10	with	with	ADP
iiclr-17591	415	11	stricter	strict	ADJ
iiclr-17591	415	12	voting	voting	NOUN
iiclr-17591	415	13	quorums	quorum	NOUN
iiclr-17591	415	14	.	.	PUNCT
iiclr-17591	416	1	such	such	ADJ
iiclr-17591	416	2	quorums	quorum	NOUN
iiclr-17591	416	3	are	be	AUX
iiclr-17591	416	4	set	set	VERB
iiclr-17591	416	5	as	as	SCONJ
iiclr-17591	416	6	follows	follow	VERB
iiclr-17591	416	7	:	:	PUNCT
iiclr-17591	416	8	at	at	ADP
iiclr-17591	416	9	the	the	DET
iiclr-17591	416	10	first	first	ADJ
iiclr-17591	416	11	call	call	NOUN
iiclr-17591	416	12	,	,	PUNCT
iiclr-17591	416	13	the	the	DET
iiclr-17591	416	14	approval	approval	NOUN
iiclr-17591	416	15	of	of	ADP
iiclr-17591	416	16	more	more	ADJ
iiclr-17591	416	17	than	than	ADP
iiclr-17591	416	18	one	one	NUM
iiclr-17591	416	19	-	-	PUNCT
iiclr-17591	416	20	half	half	NOUN
iiclr-17591	416	21	of	of	ADP
iiclr-17591	416	22	the	the	DET
iiclr-17591	416	23	voting	voting	NOUN
iiclr-17591	416	24	shares	share	NOUN
iiclr-17591	416	25	is	be	AUX
iiclr-17591	416	26	necessary	necessary	ADJ
iiclr-17591	416	27	.	.	PUNCT
iiclr-17591	417	1	c.c	c.c	PROPN
iiclr-17591	417	2	.	.	PROPN
iiclr-17591	417	3	art	art	PROPN
iiclr-17591	417	4	2368	2368	NUM
iiclr-17591	417	5	(	(	PUNCT
iiclr-17591	417	6	italy	italy	PROPN
iiclr-17591	417	7	)	)	PUNCT
iiclr-17591	417	8	.	.	PUNCT
iiclr-17591	418	1	at	at	ADP
iiclr-17591	418	2	the	the	DET
iiclr-17591	418	3	second	second	ADJ
iiclr-17591	418	4	call	call	NOUN
iiclr-17591	418	5	,	,	PUNCT
iiclr-17591	418	6	which	which	PRON
iiclr-17591	418	7	may	may	AUX
iiclr-17591	418	8	take	take	VERB
iiclr-17591	418	9	place	place	NOUN
iiclr-17591	418	10	after	after	SCONJ
iiclr-17591	418	11	the	the	DET
iiclr-17591	418	12	first	first	ADJ
iiclr-17591	418	13	call	call	NOUN
iiclr-17591	418	14	has	have	AUX
iiclr-17591	418	15	failed	fail	VERB
iiclr-17591	418	16	to	to	PART
iiclr-17591	418	17	gather	gather	VERB
iiclr-17591	418	18	more	more	ADJ
iiclr-17591	418	19	than	than	ADP
iiclr-17591	418	20	a	a	DET
iiclr-17591	418	21	half	half	NOUN
iiclr-17591	418	22	of	of	ADP
iiclr-17591	418	23	the	the	DET
iiclr-17591	418	24	voting	voting	NOUN
iiclr-17591	418	25	shares	share	NOUN
iiclr-17591	418	26	,	,	PUNCT
iiclr-17591	418	27	the	the	DET
iiclr-17591	418	28	approval	approval	NOUN
iiclr-17591	418	29	of	of	ADP
iiclr-17591	418	30	more	more	ADJ
iiclr-17591	418	31	than	than	ADP
iiclr-17591	418	32	one	one	NUM
iiclr-17591	418	33	-	-	PUNCT
iiclr-17591	418	34	third	third	NOUN
iiclr-17591	418	35	of	of	ADP
iiclr-17591	418	36	the	the	DET
iiclr-17591	418	37	voting	voting	NOUN
iiclr-17591	418	38	shares	share	NOUN
iiclr-17591	418	39	is	be	AUX
iiclr-17591	418	40	necessary	necessary	ADJ
iiclr-17591	418	41	,	,	PUNCT
iiclr-17591	418	42	and	and	CCONJ
iiclr-17591	418	43	of	of	ADP
iiclr-17591	418	44	more	more	ADJ
iiclr-17591	418	45	than	than	ADP
iiclr-17591	418	46	one	one	NUM
iiclr-17591	418	47	-	-	PUNCT
iiclr-17591	418	48	half	half	NOUN
iiclr-17591	418	49	for	for	ADP
iiclr-17591	418	50	particularly	particularly	ADV
iiclr-17591	418	51	sensitive	sensitive	ADJ
iiclr-17591	418	52	matters	matter	NOUN
iiclr-17591	418	53	,	,	PUNCT
iiclr-17591	418	54	including	include	VERB
iiclr-17591	418	55	the	the	DET
iiclr-17591	418	56	limitation	limitation	NOUN
iiclr-17591	418	57	of	of	ADP
iiclr-17591	418	58	shareholders	shareholder	NOUN
iiclr-17591	418	59	'	'	PART
iiclr-17591	418	60	preemptive	preemptive	ADJ
iiclr-17591	418	61	rights	right	NOUN
iiclr-17591	418	62	.	.	PUNCT
iiclr-17591	419	1	c.c	c.c	PROPN
iiclr-17591	419	2	.	.	PROPN
iiclr-17591	419	3	arts	art	NOUN
iiclr-17591	419	4	.	.	PUNCT
iiclr-17591	420	1	2369	2369	NUM
iiclr-17591	420	2	,	,	PUNCT
iiclr-17591	420	3	2441(5	2441(5	NUM
iiclr-17591	420	4	)	)	PUNCT
iiclr-17591	420	5	(	(	PUNCT
iiclr-17591	420	6	italy	italy	PROPN
iiclr-17591	420	7	)	)	PUNCT
iiclr-17591	420	8	.	.	PUNCT
iiclr-17591	421	1	at	at	ADP
iiclr-17591	421	2	a	a	DET
iiclr-17591	421	3	third	third	ADJ
iiclr-17591	421	4	call	call	NOUN
iiclr-17591	421	5	,	,	PUNCT
iiclr-17591	421	6	which	which	PRON
iiclr-17591	421	7	may	may	AUX
iiclr-17591	421	8	take	take	VERB
iiclr-17591	421	9	place	place	NOUN
iiclr-17591	421	10	only	only	ADV
iiclr-17591	421	11	in	in	ADP
iiclr-17591	421	12	listed	list	VERB
iiclr-17591	421	13	companies	company	NOUN
iiclr-17591	421	14	and	and	CCONJ
iiclr-17591	421	15	after	after	SCONJ
iiclr-17591	421	16	the	the	DET
iiclr-17591	421	17	second	second	ADJ
iiclr-17591	421	18	call	call	NOUN
iiclr-17591	421	19	has	have	AUX
iiclr-17591	421	20	failed	fail	VERB
iiclr-17591	421	21	to	to	PART
iiclr-17591	421	22	gather	gather	VERB
iiclr-17591	421	23	more	more	ADJ
iiclr-17591	421	24	than	than	ADP
iiclr-17591	421	25	onethird	onethird	NOUN
iiclr-17591	421	26	of	of	ADP
iiclr-17591	421	27	the	the	DET
iiclr-17591	421	28	voting	voting	NOUN
iiclr-17591	421	29	shares	share	NOUN
iiclr-17591	421	30	,	,	PUNCT
iiclr-17591	421	31	the	the	DET
iiclr-17591	421	32	approval	approval	NOUN
iiclr-17591	421	33	of	of	ADP
iiclr-17591	421	34	more	more	ADJ
iiclr-17591	421	35	than	than	ADP
iiclr-17591	421	36	one	one	NUM
iiclr-17591	421	37	-	-	PUNCT
iiclr-17591	421	38	fifth	fifth	NOUN
iiclr-17591	421	39	of	of	ADP
iiclr-17591	421	40	the	the	DET
iiclr-17591	421	41	voting	voting	NOUN
iiclr-17591	421	42	shares	share	NOUN
iiclr-17591	421	43	is	be	AUX
iiclr-17591	421	44	necessary	necessary	ADJ
iiclr-17591	421	45	;	;	PUNCT
iiclr-17591	421	46	this	this	DET
iiclr-17591	421	47	quorum	quorum	NOUN
iiclr-17591	421	48	is	be	AUX
iiclr-17591	421	49	raised	raise	VERB
iiclr-17591	421	50	to	to	ADP
iiclr-17591	421	51	more	more	ADJ
iiclr-17591	421	52	than	than	ADP
iiclr-17591	421	53	one	one	NUM
iiclr-17591	421	54	-	-	PUNCT
iiclr-17591	421	55	third	third	NOUN
iiclr-17591	421	56	for	for	ADP
iiclr-17591	421	57	particularly	particularly	ADV
iiclr-17591	421	58	sensitive	sensitive	ADJ
iiclr-17591	421	59	matters	matter	NOUN
iiclr-17591	421	60	,	,	PUNCT
iiclr-17591	421	61	and	and	CCONJ
iiclr-17591	421	62	to	to	ADP
iiclr-17591	421	63	more	more	ADJ
iiclr-17591	421	64	than	than	ADP
iiclr-17591	421	65	a	a	DET
iiclr-17591	421	66	half	half	NOUN
iiclr-17591	421	67	for	for	ADP
iiclr-17591	421	68	the	the	DET
iiclr-17591	421	69	limitation	limitation	NOUN
iiclr-17591	421	70	of	of	ADP
iiclr-17591	421	71	shareholders	shareholder	NOUN
iiclr-17591	421	72	'	'	PART
iiclr-17591	421	73	preemptive	preemptive	ADJ
iiclr-17591	421	74	rights	right	NOUN
iiclr-17591	421	75	.	.	PUNCT
iiclr-17591	422	1	c.c	c.c	PROPN
iiclr-17591	422	2	.	.	PROPN
iiclr-17591	422	3	arts	art	NOUN
iiclr-17591	422	4	.	.	PUNCT
iiclr-17591	423	1	2369	2369	NUM
iiclr-17591	423	2	-	-	PUNCT
iiclr-17591	423	3	bis	bis	ADJ
iiclr-17591	423	4	,	,	PUNCT
iiclr-17591	423	5	2441(5	2441(5	NUM
iiclr-17591	423	6	)	)	PUNCT
iiclr-17591	423	7	(	(	PUNCT
iiclr-17591	423	8	italy	italy	PROPN
iiclr-17591	423	9	)	)	PUNCT
iiclr-17591	423	10	.	.	PUNCT
iiclr-17591	424	1	as	as	SCONJ
iiclr-17591	424	2	illustrated	illustrate	VERB
iiclr-17591	424	3	,	,	PUNCT
iiclr-17591	424	4	matters	matter	NOUN
iiclr-17591	424	5	like	like	ADP
iiclr-17591	424	6	capital	capital	NOUN
iiclr-17591	424	7	structure	structure	NOUN
iiclr-17591	424	8	are	be	AUX
iiclr-17591	424	9	embodied	embody	VERB
iiclr-17591	424	10	in	in	ADP
iiclr-17591	424	11	the	the	DET
iiclr-17591	424	12	charter	charter	NOUN
iiclr-17591	424	13	,	,	PUNCT
iiclr-17591	424	14	and	and	CCONJ
iiclr-17591	424	15	changes	change	NOUN
iiclr-17591	424	16	in	in	ADP
iiclr-17591	424	17	the	the	DET
iiclr-17591	424	18	capital	capital	NOUN
iiclr-17591	424	19	structure	structure	NOUN
iiclr-17591	424	20	are	be	AUX
iiclr-17591	424	21	charter	charter	NOUN
iiclr-17591	424	22	amendments	amendment	NOUN
iiclr-17591	424	23	,	,	PUNCT
iiclr-17591	424	24	requiring	require	VERB
iiclr-17591	424	25	the	the	DET
iiclr-17591	424	26	affirmative	affirmative	ADJ
iiclr-17591	424	27	vote	vote	NOUN
iiclr-17591	424	28	of	of	ADP
iiclr-17591	424	29	a	a	DET
iiclr-17591	424	30	high	high	ADJ
iiclr-17591	424	31	number	number	NOUN
iiclr-17591	424	32	of	of	ADP
iiclr-17591	424	33	shares	share	NOUN
iiclr-17591	424	34	.	.	PUNCT
iiclr-17591	425	1	thus	thus	ADV
iiclr-17591	425	2	,	,	PUNCT
iiclr-17591	425	3	vote	vote	NOUN
iiclr-17591	425	4	by	by	ADP
iiclr-17591	425	5	proxy	proxy	NOUN
iiclr-17591	425	6	is	be	AUX
iiclr-17591	425	7	very	very	ADV
iiclr-17591	425	8	limited	limited	ADJ
iiclr-17591	425	9	(	(	PUNCT
iiclr-17591	425	10	c.c.art	c.c.art	PROPN
iiclr-17591	425	11	.	.	PROPN
iiclr-17591	425	12	2372	2372	NUM
iiclr-17591	425	13	)	)	PUNCT
iiclr-17591	425	14	,	,	PUNCT
iiclr-17591	425	15	and	and	CCONJ
iiclr-17591	425	16	vote	vote	VERB
iiclr-17591	425	17	by	by	ADP
iiclr-17591	425	18	mail	mail	NOUN
iiclr-17591	425	19	(	(	PUNCT
iiclr-17591	425	20	apart	apart	ADV
iiclr-17591	425	21	from	from	ADP
iiclr-17591	425	22	an	an	DET
iiclr-17591	425	23	exception	exception	NOUN
iiclr-17591	425	24	,	,	PUNCT
iiclr-17591	425	25	strange	strange	ADJ
iiclr-17591	425	26	and	and	CCONJ
iiclr-17591	425	27	indeed	indeed	ADV
iiclr-17591	425	28	very	very	ADV
iiclr-17591	425	29	limited	limited	ADJ
iiclr-17591	425	30	in	in	ADP
iiclr-17591	425	31	practice	practice	NOUN
iiclr-17591	425	32	,	,	PUNCT
iiclr-17591	425	33	for	for	ADP
iiclr-17591	425	34	the	the	DET
iiclr-17591	425	35	newly	newly	ADV
iiclr-17591	425	36	privatized	privatized	ADJ
iiclr-17591	425	37	companies	company	NOUN
iiclr-17591	425	38	,	,	PUNCT
iiclr-17591	425	39	introduced	introduce	VERB
iiclr-17591	425	40	by	by	ADP
iiclr-17591	425	41	art	art	NOUN
iiclr-17591	425	42	.	.	PUNCT
iiclr-17591	426	1	5(5	5(5	NUM
iiclr-17591	426	2	)	)	PUNCT
iiclr-17591	426	3	,	,	PUNCT
iiclr-17591	426	4	law	law	NOUN
iiclr-17591	426	5	of	of	ADP
iiclr-17591	426	6	july	july	PROPN
iiclr-17591	426	7	30	30	NUM
iiclr-17591	426	8	,	,	PUNCT
iiclr-17591	426	9	1994	1994	NUM
iiclr-17591	426	10	,	,	PUNCT
iiclr-17591	426	11	no	no	INTJ
iiclr-17591	426	12	.	.	PUNCT
iiclr-17591	426	13	474	474	NUM
iiclr-17591	426	14	and	and	CCONJ
iiclr-17591	426	15	implemented	implement	VERB
iiclr-17591	426	16	with	with	ADP
iiclr-17591	426	17	regulation	regulation	NOUN
iiclr-17591	426	18	issued	issue	VERB
iiclr-17591	426	19	jointly	jointly	ADV
iiclr-17591	426	20	by	by	ADP
iiclr-17591	426	21	bank	bank	PROPN
iiclr-17591	426	22	of	of	ADP
iiclr-17591	426	23	italy	italy	PROPN
iiclr-17591	426	24	,	,	PUNCT
iiclr-17591	426	25	consob	consob	NOUN
iiclr-17591	426	26	and	and	CCONJ
iiclr-17591	426	27	isvap	isvap	VERB
iiclr-17591	426	28	on	on	ADP
iiclr-17591	426	29	dec	dec	PROPN
iiclr-17591	426	30	.	.	PROPN
iiclr-17591	426	31	30	30	NUM
iiclr-17591	426	32	,	,	PUNCT
iiclr-17591	426	33	1994	1994	NUM
iiclr-17591	426	34	)	)	PUNCT
iiclr-17591	426	35	is	be	AUX
iiclr-17591	426	36	not	not	PART
iiclr-17591	426	37	allowed	allow	VERB
iiclr-17591	426	38	.	.	PUNCT
iiclr-17591	427	1	it	it	PRON
iiclr-17591	427	2	seems	seem	VERB
iiclr-17591	427	3	reasonable	reasonable	ADJ
iiclr-17591	427	4	to	to	PART
iiclr-17591	427	5	assume	assume	VERB
iiclr-17591	427	6	that	that	SCONJ
iiclr-17591	427	7	such	such	ADJ
iiclr-17591	427	8	high	high	ADJ
iiclr-17591	427	9	majority	majority	NOUN
iiclr-17591	427	10	requirements	requirement	NOUN
iiclr-17591	427	11	have	have	AUX
iiclr-17591	427	12	stayed	stay	VERB
iiclr-17591	427	13	until	until	ADP
iiclr-17591	427	14	today	today	NOUN
iiclr-17591	427	15	because	because	SCONJ
iiclr-17591	427	16	companies	company	NOUN
iiclr-17591	427	17	are	be	AUX
iiclr-17591	427	18	actively	actively	ADV
iiclr-17591	427	19	followed	follow	VERB
iiclr-17591	427	20	by	by	ADP
iiclr-17591	427	21	large	large	ADJ
iiclr-17591	427	22	shareholders	shareholder	NOUN
iiclr-17591	427	23	.	.	PUNCT
iiclr-17591	428	1	see	see	VERB
iiclr-17591	428	2	infra	infra	NOUN
iiclr-17591	428	3	part	part	NOUN
iiclr-17591	428	4	iv	iv	NUM
iiclr-17591	428	5	)	)	PUNCT
iiclr-17591	428	6	.	.	PUNCT
iiclr-17591	429	1	19951	19951	NUM
iiclr-17591	429	2	ind	ind	NOUN
iiclr-17591	429	3	.	.	PUNCT
iiclr-17591	430	1	int'l	int'l	PROPN
iiclr-17591	430	2	&	&	CCONJ
iiclr-17591	430	3	comp	comp	PROPN
iiclr-17591	430	4	.	.	PUNCT
iiclr-17591	431	1	l	l	PROPN
iiclr-17591	431	2	rev	rev	VERB
iiclr-17591	431	3	.	.	PUNCT
iiclr-17591	432	1	because	because	SCONJ
iiclr-17591	432	2	directors	director	NOUN
iiclr-17591	432	3	are	be	AUX
iiclr-17591	432	4	closely	closely	ADV
iiclr-17591	432	5	watched	watch	VERB
iiclr-17591	432	6	by	by	ADP
iiclr-17591	432	7	the	the	DET
iiclr-17591	432	8	majority	majority	NOUN
iiclr-17591	432	9	shareholders	shareholder	NOUN
iiclr-17591	432	10	when	when	SCONJ
iiclr-17591	432	11	they	they	PRON
iiclr-17591	432	12	are	be	AUX
iiclr-17591	432	13	not	not	PART
iiclr-17591	432	14	the	the	DET
iiclr-17591	432	15	majority	majority	NOUN
iiclr-17591	432	16	shareholders	shareholder	VERB
iiclr-17591	432	17	themselves	themselves	PRON
iiclr-17591	432	18	.	.	PUNCT
iiclr-17591	433	1	as	as	SCONJ
iiclr-17591	433	2	noted	note	VERB
iiclr-17591	433	3	earlier	early	ADV
iiclr-17591	433	4	,	,	PUNCT
iiclr-17591	433	5	however	however	ADV
iiclr-17591	433	6	,	,	PUNCT
iiclr-17591	433	7	civil	civil	ADJ
iiclr-17591	433	8	code	code	NOUN
iiclr-17591	433	9	art	art	NOUN
iiclr-17591	433	10	.	.	PUNCT
iiclr-17591	434	1	2393	2393	NUM
iiclr-17591	434	2	grants	grant	NOUN
iiclr-17591	434	3	to	to	ADP
iiclr-17591	434	4	the	the	DET
iiclr-17591	434	5	shareholders	shareholder	NOUN
iiclr-17591	434	6	,	,	PUNCT
iiclr-17591	434	7	as	as	ADP
iiclr-17591	434	8	a	a	DET
iiclr-17591	434	9	body	body	NOUN
iiclr-17591	434	10	,	,	PUNCT
iiclr-17591	434	11	absolute	absolute	ADJ
iiclr-17591	434	12	authority	authority	NOUN
iiclr-17591	434	13	also	also	ADV
iiclr-17591	434	14	over	over	ADP
iiclr-17591	434	15	directors	director	NOUN
iiclr-17591	434	16	'	'	PART
iiclr-17591	434	17	liability	liability	NOUN
iiclr-17591	434	18	:	:	PUNCT
iiclr-17591	434	19	a	a	DET
iiclr-17591	434	20	suit	suit	NOUN
iiclr-17591	434	21	against	against	ADP
iiclr-17591	434	22	directors	director	NOUN
iiclr-17591	434	23	may	may	AUX
iiclr-17591	434	24	indeed	indeed	ADV
iiclr-17591	434	25	be	be	AUX
iiclr-17591	434	26	maintained	maintain	VERB
iiclr-17591	434	27	only	only	ADV
iiclr-17591	434	28	if	if	SCONJ
iiclr-17591	434	29	authorized	authorize	VERB
iiclr-17591	434	30	by	by	ADP
iiclr-17591	434	31	a	a	DET
iiclr-17591	434	32	shareholders	shareholder	NOUN
iiclr-17591	434	33	'	'	PART
iiclr-17591	434	34	vote	vote	NOUN
iiclr-17591	434	35	.	.	PUNCT
iiclr-17591	435	1	this	this	PRON
iiclr-17591	435	2	means	mean	VERB
iiclr-17591	435	3	that	that	SCONJ
iiclr-17591	435	4	the	the	DET
iiclr-17591	435	5	majority	majority	NOUN
iiclr-17591	435	6	of	of	ADP
iiclr-17591	435	7	shareholders	shareholder	NOUN
iiclr-17591	435	8	has	have	VERB
iiclr-17591	435	9	the	the	DET
iiclr-17591	435	10	authority	authority	NOUN
iiclr-17591	435	11	to	to	PART
iiclr-17591	435	12	decide	decide	VERB
iiclr-17591	435	13	whether	whether	SCONJ
iiclr-17591	435	14	directors	director	NOUN
iiclr-17591	435	15	are	be	AUX
iiclr-17591	435	16	acting	act	VERB
iiclr-17591	435	17	in	in	ADP
iiclr-17591	435	18	the	the	DET
iiclr-17591	435	19	interests	interest	NOUN
iiclr-17591	435	20	of	of	ADP
iiclr-17591	435	21	the	the	DET
iiclr-17591	435	22	company	company	NOUN
iiclr-17591	435	23	.	.	PUNCT
iiclr-17591	436	1	due	due	ADP
iiclr-17591	436	2	to	to	ADP
iiclr-17591	436	3	the	the	DET
iiclr-17591	436	4	normal	normal	ADJ
iiclr-17591	436	5	coincidence	coincidence	NOUN
iiclr-17591	436	6	between	between	ADP
iiclr-17591	436	7	majority	majority	NOUN
iiclr-17591	436	8	shareholders	shareholder	NOUN
iiclr-17591	436	9	and	and	CCONJ
iiclr-17591	436	10	directors	director	NOUN
iiclr-17591	436	11	,	,	PUNCT
iiclr-17591	436	12	this	this	DET
iiclr-17591	436	13	grant	grant	NOUN
iiclr-17591	436	14	of	of	ADP
iiclr-17591	436	15	powers	power	NOUN
iiclr-17591	436	16	seems	seem	VERB
iiclr-17591	436	17	less	less	ADV
iiclr-17591	436	18	obvious	obvious	ADJ
iiclr-17591	436	19	and	and	CCONJ
iiclr-17591	436	20	less	less	ADV
iiclr-17591	436	21	justifiable	justifiable	ADJ
iiclr-17591	436	22	.	.	PUNCT
iiclr-17591	437	1	we	we	PRON
iiclr-17591	437	2	will	will	AUX
iiclr-17591	437	3	come	come	VERB
iiclr-17591	437	4	back	back	ADV
iiclr-17591	437	5	to	to	ADP
iiclr-17591	437	6	this	this	DET
iiclr-17591	437	7	point	point	NOUN
iiclr-17591	437	8	later	later	ADV
iiclr-17591	437	9	.	.	PUNCT
iiclr-17591	438	1	2	2	X
iiclr-17591	438	2	.	.	X
iiclr-17591	438	3	the	the	DET
iiclr-17591	438	4	board	board	NOUN
iiclr-17591	438	5	of	of	ADP
iiclr-17591	438	6	directors	director	NOUN
iiclr-17591	438	7	.	.	PUNCT
iiclr-17591	439	1	all	all	DET
iiclr-17591	439	2	members	member	NOUN
iiclr-17591	439	3	of	of	ADP
iiclr-17591	439	4	the	the	DET
iiclr-17591	439	5	board	board	NOUN
iiclr-17591	439	6	of	of	ADP
iiclr-17591	439	7	directors	director	NOUN
iiclr-17591	439	8	are	be	AUX
iiclr-17591	439	9	elected	elect	VERB
iiclr-17591	439	10	by	by	ADP
iiclr-17591	439	11	the	the	DET
iiclr-17591	439	12	shareholders	shareholder	NOUN
iiclr-17591	439	13	;	;	PUNCT
iiclr-17591	439	14	any	any	DET
iiclr-17591	439	15	contrary	contrary	ADJ
iiclr-17591	439	16	provision	provision	NOUN
iiclr-17591	439	17	is	be	AUX
iiclr-17591	439	18	void.43	void.43	VERB
iiclr-17591	439	19	a	a	DET
iiclr-17591	439	20	partial	partial	ADJ
iiclr-17591	439	21	exception	exception	NOUN
iiclr-17591	439	22	to	to	ADP
iiclr-17591	439	23	this	this	DET
iiclr-17591	439	24	principle	principle	NOUN
iiclr-17591	439	25	is	be	AUX
iiclr-17591	439	26	midstream	midstream	NOUN
iiclr-17591	439	27	vacancies	vacancy	NOUN
iiclr-17591	439	28	owing	owe	VERB
iiclr-17591	439	29	to	to	ADP
iiclr-17591	439	30	resignation	resignation	NOUN
iiclr-17591	439	31	or	or	CCONJ
iiclr-17591	439	32	other	other	ADJ
iiclr-17591	439	33	causes	cause	NOUN
iiclr-17591	439	34	,	,	PUNCT
iiclr-17591	439	35	which	which	PRON
iiclr-17591	439	36	can	can	AUX
iiclr-17591	439	37	be	be	AUX
iiclr-17591	439	38	temporarily	temporarily	ADV
iiclr-17591	439	39	filled	fill	VERB
iiclr-17591	439	40	by	by	ADP
iiclr-17591	439	41	the	the	DET
iiclr-17591	439	42	board	board	NOUN
iiclr-17591	439	43	itself	itself	PRON
iiclr-17591	439	44	.	.	PUNCT
iiclr-17591	439	45	'	'	PUNCT
iiclr-17591	440	1	while	while	SCONJ
iiclr-17591	440	2	a	a	DET
iiclr-17591	440	3	different	different	ADJ
iiclr-17591	440	4	rule	rule	NOUN
iiclr-17591	440	5	is	be	AUX
iiclr-17591	440	6	permitted,4	permitted,4	NOUN
iiclr-17591	440	7	"	"	PUNCT
iiclr-17591	440	8	the	the	DET
iiclr-17591	440	9	default	default	NOUN
iiclr-17591	440	10	rule	rule	NOUN
iiclr-17591	440	11	is	be	AUX
iiclr-17591	440	12	that	that	SCONJ
iiclr-17591	440	13	all	all	DET
iiclr-17591	440	14	the	the	DET
iiclr-17591	440	15	members	member	NOUN
iiclr-17591	440	16	of	of	ADP
iiclr-17591	440	17	the	the	DET
iiclr-17591	440	18	board	board	NOUN
iiclr-17591	440	19	are	be	AUX
iiclr-17591	440	20	elected	elect	VERB
iiclr-17591	440	21	by	by	ADP
iiclr-17591	440	22	the	the	DET
iiclr-17591	440	23	majority	majority	NOUN
iiclr-17591	440	24	.	.	PUNCT
iiclr-17591	440	25	'	'	PUNCT
iiclr-17591	441	1	no	no	DET
iiclr-17591	441	2	representation	representation	NOUN
iiclr-17591	441	3	on	on	ADP
iiclr-17591	441	4	the	the	DET
iiclr-17591	441	5	board	board	NOUN
iiclr-17591	441	6	is	be	AUX
iiclr-17591	441	7	thus	thus	ADV
iiclr-17591	441	8	granted	grant	VERB
iiclr-17591	441	9	to	to	ADP
iiclr-17591	441	10	the	the	DET
iiclr-17591	441	11	minorities	minority	NOUN
iiclr-17591	441	12	only	only	ADV
iiclr-17591	441	13	by	by	ADP
iiclr-17591	441	14	operation	operation	NOUN
iiclr-17591	441	15	of	of	ADP
iiclr-17591	441	16	the	the	DET
iiclr-17591	441	17	law	law	NOUN
iiclr-17591	441	18	,	,	PUNCT
iiclr-17591	441	19	and	and	CCONJ
iiclr-17591	441	20	charters	charter	NOUN
iiclr-17591	441	21	rarely	rarely	ADV
iiclr-17591	441	22	provide	provide	VERB
iiclr-17591	441	23	otherwise	otherwise	ADV
iiclr-17591	441	24	.	.	PUNCT
iiclr-17591	442	1	43	43	NUM
iiclr-17591	442	2	.	.	PUNCT
iiclr-17591	443	1	judgment	judgment	NOUN
iiclr-17591	443	2	of	of	ADP
iiclr-17591	443	3	jan	jan	PROPN
iiclr-17591	443	4	.	.	PROPN
iiclr-17591	443	5	25	25	NUM
iiclr-17591	443	6	,	,	PUNCT
iiclr-17591	443	7	1965	1965	NUM
iiclr-17591	443	8	,	,	PUNCT
iiclr-17591	443	9	no	no	INTJ
iiclr-17591	443	10	.	.	NOUN
iiclr-17591	443	11	136	136	NUM
iiclr-17591	443	12	,	,	PUNCT
iiclr-17591	443	13	cass	cass	PROPN
iiclr-17591	443	14	.	.	PUNCT
iiclr-17591	443	15	civ	civ	PROPN
iiclr-17591	443	16	.	.	PROPN
iiclr-17591	443	17	,	,	PUNCT
iiclr-17591	443	18	1965	1965	NUM
iiclr-17591	443	19	foro	foro	PROPN
iiclr-17591	443	20	italiano	italiano	VERB
iiclr-17591	443	21	i	i	PRON
iiclr-17591	443	22	,	,	PUNCT
iiclr-17591	443	23	427	427	NUM
iiclr-17591	443	24	;	;	PUNCT
iiclr-17591	443	25	judgment	judgment	NOUN
iiclr-17591	443	26	of	of	ADP
iiclr-17591	443	27	apr	apr	PROPN
iiclr-17591	443	28	.	.	PROPN
iiclr-17591	443	29	17	17	NUM
iiclr-17591	443	30	,	,	PUNCT
iiclr-17591	443	31	1990	1990	NUM
iiclr-17591	443	32	,	,	PUNCT
iiclr-17591	443	33	no	no	INTJ
iiclr-17591	443	34	.	.	NOUN
iiclr-17591	443	35	3181	3181	NUM
iiclr-17591	443	36	,	,	PUNCT
iiclr-17591	443	37	cass	cass	PROPN
iiclr-17591	443	38	.	.	PUNCT
iiclr-17591	443	39	civ	civ	PROPN
iiclr-17591	443	40	.	.	PROPN
iiclr-17591	443	41	,	,	PUNCT
iiclr-17591	443	42	1991	1991	NUM
iiclr-17591	443	43	foro	foro	PROPN
iiclr-17591	443	44	rraliano	rraliano	VERB
iiclr-17591	443	45	i	i	PRON
iiclr-17591	443	46	,	,	PUNCT
iiclr-17591	443	47	1533	1533	NUM
iiclr-17591	443	48	;	;	PUNCT
iiclr-17591	443	49	judgment	judgment	NOUN
iiclr-17591	443	50	of	of	ADP
iiclr-17591	443	51	aug	aug	PROPN
iiclr-17591	443	52	.	.	PROPN
iiclr-17591	443	53	27	27	NUM
iiclr-17591	443	54	,	,	PUNCT
iiclr-17591	443	55	1969	1969	NUM
iiclr-17591	443	56	,	,	PUNCT
iiclr-17591	443	57	appellate	appellate	ADJ
iiclr-17591	443	58	court	court	NOUN
iiclr-17591	443	59	of	of	ADP
iiclr-17591	443	60	milan	milan	PROPN
iiclr-17591	443	61	,	,	PUNCT
iiclr-17591	443	62	1970	1970	NUM
iiclr-17591	443	63	giurisprudenza	giurisprudenza	NOUN
iiclr-17591	443	64	italiana	italiana	PROPN
iiclr-17591	443	65	1	1	NUM
iiclr-17591	443	66	-	-	SYM
iiclr-17591	443	67	2	2	NUM
iiclr-17591	443	68	,	,	PUNCT
iiclr-17591	443	69	546	546	NUM
iiclr-17591	443	70	;	;	PUNCT
iiclr-17591	443	71	2	2	NUM
iiclr-17591	443	72	campobasso	campobasso	NOUN
iiclr-17591	443	73	,	,	PUNCT
iiclr-17591	443	74	supra	supra	PROPN
iiclr-17591	443	75	note	note	NOUN
iiclr-17591	443	76	2	2	NUM
iiclr-17591	443	77	,	,	PUNCT
iiclr-17591	443	78	at	at	ADP
iiclr-17591	443	79	329	329	NUM
iiclr-17591	443	80	n.	n.	NOUN
iiclr-17591	443	81	2	2	NUM
iiclr-17591	443	82	;	;	PUNCT
iiclr-17591	443	83	bonelli	bonelli	PROPN
iiclr-17591	443	84	,	,	PUNCT
iiclr-17591	443	85	supra	supra	PROPN
iiclr-17591	443	86	note	note	PROPN
iiclr-17591	443	87	35	35	NUM
iiclr-17591	443	88	,	,	PUNCT
iiclr-17591	443	89	at	at	ADP
iiclr-17591	443	90	57	57	NUM
iiclr-17591	443	91	&	&	CCONJ
iiclr-17591	443	92	n.	n.	PROPN
iiclr-17591	443	93	13	13	NUM
iiclr-17591	443	94	.	.	PUNCT
iiclr-17591	444	1	compare	compare	VERB
iiclr-17591	444	2	the	the	DET
iiclr-17591	444	3	different	different	ADJ
iiclr-17591	444	4	solution	solution	NOUN
iiclr-17591	444	5	in	in	ADP
iiclr-17591	444	6	§	§	PROPN
iiclr-17591	444	7	8.03	8.03	NUM
iiclr-17591	444	8	(	(	PUNCT
iiclr-17591	444	9	b	b	NOUN
iiclr-17591	444	10	)	)	PUNCT
iiclr-17591	444	11	and	and	CCONJ
iiclr-17591	444	12	(	(	PUNCT
iiclr-17591	444	13	c	c	NOUN
iiclr-17591	444	14	)	)	PUNCT
iiclr-17591	444	15	of	of	ADP
iiclr-17591	444	16	revised	revise	VERB
iiclr-17591	444	17	model	model	NOUN
iiclr-17591	444	18	business	business	PROPN
iiclr-17591	444	19	corporation	corporation	PROPN
iiclr-17591	444	20	act	act	VERB
iiclr-17591	445	1	[	[	X
iiclr-17591	445	2	hereinafter	hereinafter	NOUN
iiclr-17591	445	3	rmbca	rmbca	ADV
iiclr-17591	445	4	]	]	X
iiclr-17591	445	5	.	.	PUNCT
iiclr-17591	446	1	a	a	DET
iiclr-17591	446	2	different	different	ADJ
iiclr-17591	446	3	solution	solution	NOUN
iiclr-17591	446	4	was	be	AUX
iiclr-17591	446	5	proposed	propose	VERB
iiclr-17591	446	6	in	in	ADP
iiclr-17591	446	7	the	the	DET
iiclr-17591	446	8	commercial	commercial	ADJ
iiclr-17591	446	9	code	code	NOUN
iiclr-17591	446	10	project	project	NOUN
iiclr-17591	446	11	of	of	ADP
iiclr-17591	446	12	1940	1940	NUM
iiclr-17591	446	13	,	,	PUNCT
iiclr-17591	446	14	eventually	eventually	ADV
iiclr-17591	446	15	merged	merge	VERB
iiclr-17591	446	16	with	with	ADP
iiclr-17591	446	17	the	the	DET
iiclr-17591	446	18	civil	civil	ADJ
iiclr-17591	446	19	code	code	NOUN
iiclr-17591	446	20	(	(	PUNCT
iiclr-17591	446	21	supra	supra	ADJ
iiclr-17591	446	22	text	text	NOUN
iiclr-17591	446	23	accompanying	accompanying	ADJ
iiclr-17591	446	24	note	note	NOUN
iiclr-17591	446	25	3	3	NUM
iiclr-17591	446	26	)	)	PUNCT
iiclr-17591	446	27	.	.	PUNCT
iiclr-17591	447	1	under	under	ADP
iiclr-17591	447	2	art	art	NOUN
iiclr-17591	447	3	.	.	PUNCT
iiclr-17591	448	1	240	240	NUM
iiclr-17591	448	2	of	of	ADP
iiclr-17591	448	3	this	this	DET
iiclr-17591	448	4	project	project	NOUN
iiclr-17591	448	5	shareholders	shareholder	NOUN
iiclr-17591	448	6	could	could	AUX
iiclr-17591	448	7	elect	elect	VERB
iiclr-17591	448	8	only	only	ADV
iiclr-17591	448	9	half	half	NOUN
iiclr-17591	448	10	of	of	ADP
iiclr-17591	448	11	the	the	DET
iiclr-17591	448	12	board	board	NOUN
iiclr-17591	448	13	,	,	PUNCT
iiclr-17591	448	14	delegating	delegate	VERB
iiclr-17591	448	15	to	to	ADP
iiclr-17591	448	16	the	the	DET
iiclr-17591	448	17	directors	director	NOUN
iiclr-17591	448	18	the	the	DET
iiclr-17591	448	19	election	election	NOUN
iiclr-17591	448	20	of	of	ADP
iiclr-17591	448	21	the	the	DET
iiclr-17591	448	22	other	other	ADJ
iiclr-17591	448	23	half	half	NOUN
iiclr-17591	448	24	.	.	PUNCT
iiclr-17591	449	1	the	the	DET
iiclr-17591	449	2	solution	solution	NOUN
iiclr-17591	449	3	was	be	AUX
iiclr-17591	449	4	turned	turn	VERB
iiclr-17591	449	5	down	down	ADP
iiclr-17591	449	6	in	in	ADP
iiclr-17591	449	7	the	the	DET
iiclr-17591	449	8	final	final	ADJ
iiclr-17591	449	9	draft	draft	NOUN
iiclr-17591	449	10	.	.	PUNCT
iiclr-17591	450	1	the	the	DET
iiclr-17591	450	2	law	law	NOUN
iiclr-17591	450	3	allows	allow	VERB
iiclr-17591	450	4	a	a	DET
iiclr-17591	450	5	narrow	narrow	ADJ
iiclr-17591	450	6	exception	exception	NOUN
iiclr-17591	450	7	,	,	PUNCT
iiclr-17591	450	8	permitting	permit	VERB
iiclr-17591	450	9	charter	charter	NOUN
iiclr-17591	450	10	provisions	provision	NOUN
iiclr-17591	450	11	which	which	PRON
iiclr-17591	450	12	grant	grant	VERB
iiclr-17591	450	13	to	to	ADP
iiclr-17591	450	14	state	state	NOUN
iiclr-17591	450	15	or	or	CCONJ
iiclr-17591	450	16	public	public	ADJ
iiclr-17591	450	17	entities	entity	NOUN
iiclr-17591	450	18	the	the	DET
iiclr-17591	450	19	right	right	NOUN
iiclr-17591	450	20	to	to	PART
iiclr-17591	450	21	elect	elect	VERB
iiclr-17591	450	22	some	some	DET
iiclr-17591	450	23	directors	director	NOUN
iiclr-17591	450	24	,	,	PUNCT
iiclr-17591	450	25	and	and	CCONJ
iiclr-17591	450	26	auditors	auditor	NOUN
iiclr-17591	450	27	,	,	PUNCT
iiclr-17591	450	28	of	of	ADP
iiclr-17591	450	29	companies	company	NOUN
iiclr-17591	450	30	in	in	ADP
iiclr-17591	450	31	which	which	PRON
iiclr-17591	450	32	they	they	PRON
iiclr-17591	450	33	have	have	VERB
iiclr-17591	450	34	an	an	DET
iiclr-17591	450	35	interest	interest	NOUN
iiclr-17591	450	36	,	,	PUNCT
iiclr-17591	450	37	whether	whether	SCONJ
iiclr-17591	450	38	they	they	PRON
iiclr-17591	450	39	own	own	VERB
iiclr-17591	450	40	stock	stock	NOUN
iiclr-17591	450	41	or	or	CCONJ
iiclr-17591	450	42	not	not	PART
iiclr-17591	450	43	.	.	PUNCT
iiclr-17591	451	1	c.c	c.c	PROPN
iiclr-17591	451	2	.	.	PROPN
iiclr-17591	451	3	arts	art	NOUN
iiclr-17591	451	4	.	.	PUNCT
iiclr-17591	452	1	2458	2458	NUM
iiclr-17591	452	2	-	-	SYM
iiclr-17591	452	3	61	61	NUM
iiclr-17591	452	4	(	(	PUNCT
iiclr-17591	452	5	italy	italy	PROPN
iiclr-17591	452	6	)	)	PUNCT
iiclr-17591	452	7	.	.	PUNCT
iiclr-17591	453	1	these	these	DET
iiclr-17591	453	2	provisions	provision	NOUN
iiclr-17591	453	3	have	have	AUX
iiclr-17591	453	4	limited	limit	VERB
iiclr-17591	453	5	practical	practical	ADJ
iiclr-17591	453	6	application	application	NOUN
iiclr-17591	453	7	for	for	ADP
iiclr-17591	453	8	business	business	NOUN
iiclr-17591	453	9	corporations	corporation	NOUN
iiclr-17591	453	10	,	,	PUNCT
iiclr-17591	453	11	while	while	SCONJ
iiclr-17591	453	12	they	they	PRON
iiclr-17591	453	13	are	be	AUX
iiclr-17591	453	14	often	often	ADV
iiclr-17591	453	15	applied	apply	VERB
iiclr-17591	453	16	for	for	ADP
iiclr-17591	453	17	mixed	mixed	ADJ
iiclr-17591	453	18	publicprivate	publicprivate	ADJ
iiclr-17591	453	19	consortia	consortium	NOUN
iiclr-17591	453	20	set	set	VERB
iiclr-17591	453	21	up	up	ADP
iiclr-17591	453	22	in	in	ADP
iiclr-17591	453	23	the	the	DET
iiclr-17591	453	24	form	form	NOUN
iiclr-17591	453	25	of	of	ADP
iiclr-17591	453	26	societa	societa	NOUN
iiclr-17591	453	27	per	per	ADP
iiclr-17591	453	28	azioni	azioni	PROPN
iiclr-17591	453	29	.	.	PUNCT
iiclr-17591	454	1	44	44	NUM
iiclr-17591	454	2	.	.	PUNCT
iiclr-17591	455	1	c.c	c.c	PROPN
iiclr-17591	455	2	.	.	PROPN
iiclr-17591	455	3	art	art	NOUN
iiclr-17591	455	4	.	.	PUNCT
iiclr-17591	456	1	2386(1	2386(1	NUM
iiclr-17591	456	2	)	)	PUNCT
iiclr-17591	456	3	(	(	PUNCT
iiclr-17591	456	4	italy	italy	PROPN
iiclr-17591	456	5	)	)	PUNCT
iiclr-17591	456	6	.	.	PUNCT
iiclr-17591	457	1	when	when	SCONJ
iiclr-17591	457	2	vacancies	vacancy	NOUN
iiclr-17591	457	3	involve	involve	VERB
iiclr-17591	457	4	the	the	DET
iiclr-17591	457	5	majority	majority	NOUN
iiclr-17591	457	6	of	of	ADP
iiclr-17591	457	7	members	member	NOUN
iiclr-17591	457	8	of	of	ADP
iiclr-17591	457	9	the	the	DET
iiclr-17591	457	10	board	board	NOUN
iiclr-17591	457	11	,	,	PUNCT
iiclr-17591	457	12	the	the	DET
iiclr-17591	457	13	board	board	NOUN
iiclr-17591	457	14	can	can	AUX
iiclr-17591	457	15	not	not	PART
iiclr-17591	457	16	fill	fill	VERB
iiclr-17591	457	17	them	they	PRON
iiclr-17591	457	18	and	and	CCONJ
iiclr-17591	457	19	must	must	AUX
iiclr-17591	457	20	promptly	promptly	ADV
iiclr-17591	457	21	call	call	VERB
iiclr-17591	457	22	a	a	DET
iiclr-17591	457	23	shareholders	shareholder	NOUN
iiclr-17591	457	24	'	'	PART
iiclr-17591	457	25	meeting	meeting	NOUN
iiclr-17591	457	26	to	to	PART
iiclr-17591	457	27	elect	elect	VERB
iiclr-17591	457	28	new	new	ADJ
iiclr-17591	457	29	directors	director	NOUN
iiclr-17591	457	30	.	.	PUNCT
iiclr-17591	458	1	c.c	c.c	PROPN
iiclr-17591	458	2	.	.	PROPN
iiclr-17591	458	3	art	art	NOUN
iiclr-17591	458	4	.	.	PUNCT
iiclr-17591	459	1	2386(2	2386(2	NUM
iiclr-17591	459	2	)	)	PUNCT
iiclr-17591	459	3	(	(	PUNCT
iiclr-17591	459	4	italy	italy	PROPN
iiclr-17591	459	5	)	)	PUNCT
iiclr-17591	459	6	.	.	PUNCT
iiclr-17591	460	1	see	see	VERB
iiclr-17591	460	2	c.c	c.c	PROPN
iiclr-17591	460	3	art	art	NOUN
iiclr-17591	460	4	.	.	PUNCT
iiclr-17591	461	1	2386(4	2386(4	NUM
iiclr-17591	461	2	)	)	PUNCT
iiclr-17591	461	3	(	(	PUNCT
iiclr-17591	461	4	italy	italy	PROPN
iiclr-17591	461	5	)	)	PUNCT
iiclr-17591	461	6	for	for	ADP
iiclr-17591	461	7	other	other	ADJ
iiclr-17591	461	8	specific	specific	ADJ
iiclr-17591	461	9	cases	case	NOUN
iiclr-17591	461	10	.	.	PUNCT
iiclr-17591	462	1	45	45	NUM
iiclr-17591	462	2	.	.	X
iiclr-17591	462	3	c.c	c.c	PROPN
iiclr-17591	462	4	.	.	PROPN
iiclr-17591	462	5	art	art	NOUN
iiclr-17591	462	6	.	.	PUNCT
iiclr-17591	463	1	2368(1	2368(1	NOUN
iiclr-17591	463	2	)	)	PUNCT
iiclr-17591	463	3	(	(	PUNCT
iiclr-17591	463	4	italy	italy	PROPN
iiclr-17591	463	5	)	)	PUNCT
iiclr-17591	463	6	.	.	PUNCT
iiclr-17591	464	1	the	the	DET
iiclr-17591	464	2	last	last	ADJ
iiclr-17591	464	3	sentence	sentence	NOUN
iiclr-17591	464	4	reads	read	VERB
iiclr-17591	464	5	:	:	PUNCT
iiclr-17591	464	6	"	"	PUNCT
iiclr-17591	464	7	the	the	DET
iiclr-17591	464	8	charter	charter	NOUN
iiclr-17591	464	9	may	may	AUX
iiclr-17591	464	10	establish	establish	VERB
iiclr-17591	464	11	special	special	ADJ
iiclr-17591	464	12	rules	rule	NOUN
iiclr-17591	464	13	for	for	ADP
iiclr-17591	464	14	the	the	DET
iiclr-17591	464	15	elections	election	NOUN
iiclr-17591	464	16	of	of	ADP
iiclr-17591	464	17	corporate	corporate	ADJ
iiclr-17591	464	18	officers	officer	NOUN
iiclr-17591	464	19	.	.	PUNCT
iiclr-17591	464	20	"	"	PUNCT
iiclr-17591	465	1	i	i	PRON
iiclr-17591	465	2	d.	d.	PROPN
iiclr-17591	465	3	the	the	DET
iiclr-17591	465	4	recent	recent	ADJ
iiclr-17591	465	5	law	law	NOUN
iiclr-17591	465	6	on	on	ADP
iiclr-17591	465	7	privatizations	privatization	NOUN
iiclr-17591	465	8	of	of	ADP
iiclr-17591	465	9	state	state	NOUN
iiclr-17591	465	10	-	-	PUNCT
iiclr-17591	465	11	owned	own	VERB
iiclr-17591	465	12	companies	company	NOUN
iiclr-17591	465	13	has	have	AUX
iiclr-17591	465	14	mandated	mandate	VERB
iiclr-17591	465	15	list	list	NOUN
iiclr-17591	465	16	-	-	PUNCT
iiclr-17591	465	17	vote	vote	NOUN
iiclr-17591	465	18	for	for	ADP
iiclr-17591	465	19	the	the	DET
iiclr-17591	465	20	election	election	NOUN
iiclr-17591	465	21	of	of	ADP
iiclr-17591	465	22	directors	director	NOUN
iiclr-17591	465	23	of	of	ADP
iiclr-17591	465	24	privatizated	privatizate	VERB
iiclr-17591	465	25	companies	company	NOUN
iiclr-17591	465	26	when	when	SCONJ
iiclr-17591	465	27	the	the	DET
iiclr-17591	465	28	charter	charter	NOUN
iiclr-17591	465	29	imposes	impose	VERB
iiclr-17591	465	30	a	a	DET
iiclr-17591	465	31	ceiling	ceiling	NOUN
iiclr-17591	465	32	on	on	ADP
iiclr-17591	465	33	the	the	DET
iiclr-17591	465	34	ownership	ownership	NOUN
iiclr-17591	465	35	of	of	ADP
iiclr-17591	465	36	each	each	DET
iiclr-17591	465	37	shareholder	shareholder	NOUN
iiclr-17591	465	38	.	.	PUNCT
iiclr-17591	466	1	art	art	NOUN
iiclr-17591	466	2	.	.	PUNCT
iiclr-17591	467	1	4	4	NUM
iiclr-17591	467	2	,	,	PUNCT
iiclr-17591	467	3	law	law	NOUN
iiclr-17591	467	4	of	of	ADP
iiclr-17591	467	5	july	july	PROPN
iiclr-17591	467	6	30	30	NUM
iiclr-17591	467	7	,	,	PUNCT
iiclr-17591	467	8	1994	1994	NUM
iiclr-17591	467	9	,	,	PUNCT
iiclr-17591	467	10	no	no	INTJ
iiclr-17591	467	11	.	.	PUNCT
iiclr-17591	468	1	474	474	NUM
iiclr-17591	468	2	.	.	PUNCT
iiclr-17591	469	1	46	46	NUM
iiclr-17591	469	2	.	.	PUNCT
iiclr-17591	470	1	as	as	SCONJ
iiclr-17591	470	2	we	we	PRON
iiclr-17591	470	3	will	will	AUX
iiclr-17591	470	4	see	see	VERB
iiclr-17591	470	5	later	later	ADV
iiclr-17591	470	6	,	,	PUNCT
iiclr-17591	470	7	the	the	DET
iiclr-17591	470	8	majority	majority	NOUN
iiclr-17591	470	9	is	be	AUX
iiclr-17591	470	10	sometimes	sometimes	ADV
iiclr-17591	470	11	formed	form	VERB
iiclr-17591	470	12	by	by	ADP
iiclr-17591	470	13	various	various	ADJ
iiclr-17591	470	14	shareholders	shareholder	NOUN
iiclr-17591	470	15	tied	tie	VERB
iiclr-17591	470	16	by	by	ADP
iiclr-17591	470	17	an	an	DET
iiclr-17591	470	18	agreement	agreement	NOUN
iiclr-17591	470	19	on	on	ADP
iiclr-17591	470	20	the	the	DET
iiclr-17591	470	21	governance	governance	NOUN
iiclr-17591	470	22	of	of	ADP
iiclr-17591	470	23	the	the	DET
iiclr-17591	470	24	company	company	NOUN
iiclr-17591	470	25	.	.	PUNCT
iiclr-17591	471	1	even	even	ADV
iiclr-17591	471	2	when	when	SCONJ
iiclr-17591	471	3	the	the	DET
iiclr-17591	471	4	company	company	NOUN
iiclr-17591	471	5	lacks	lack	VERB
iiclr-17591	471	6	an	an	DET
iiclr-17591	471	7	absolute	absolute	ADJ
iiclr-17591	471	8	majority	majority	NOUN
iiclr-17591	471	9	shareholder	shareholder	NOUN
iiclr-17591	471	10	,	,	PUNCT
iiclr-17591	471	11	however	however	ADV
iiclr-17591	471	12	,	,	PUNCT
iiclr-17591	471	13	the	the	DET
iiclr-17591	471	14	line	line	NOUN
iiclr-17591	471	15	between	between	ADP
iiclr-17591	471	16	majority	majority	NOUN
iiclr-17591	471	17	and	and	CCONJ
iiclr-17591	471	18	minority	minority	NOUN
iiclr-17591	471	19	remains	remain	VERB
iiclr-17591	471	20	usually	usually	ADV
iiclr-17591	471	21	well	well	ADV
iiclr-17591	471	22	clear	clear	ADJ
iiclr-17591	471	23	.	.	PUNCT
iiclr-17591	472	1	[	[	X
iiclr-17591	472	2	vol	vol	NOUN
iiclr-17591	472	3	.	.	PUNCT
iiclr-17591	472	4	6:.i	6:.i	ADJ
iiclr-17591	472	5	corporate	corporate	ADJ
iiclr-17591	472	6	governance	governance	NOUN
iiclr-17591	472	7	in	in	ADP
iiclr-17591	472	8	italy	italy	PROPN
iiclr-17591	472	9	the	the	DET
iiclr-17591	472	10	board	board	NOUN
iiclr-17591	472	11	is	be	AUX
iiclr-17591	472	12	elected	elect	VERB
iiclr-17591	472	13	for	for	ADP
iiclr-17591	472	14	a	a	DET
iiclr-17591	472	15	maximum	maximum	ADJ
iiclr-17591	472	16	period	period	NOUN
iiclr-17591	472	17	of	of	ADP
iiclr-17591	472	18	three	three	NUM
iiclr-17591	472	19	years.4	years.4	PROPN
iiclr-17591	472	20	although	although	SCONJ
iiclr-17591	472	21	a	a	DET
iiclr-17591	472	22	recent	recent	ADJ
iiclr-17591	472	23	decision	decision	NOUN
iiclr-17591	472	24	has	have	AUX
iiclr-17591	472	25	taken	take	VERB
iiclr-17591	472	26	a	a	DET
iiclr-17591	472	27	different	different	ADJ
iiclr-17591	472	28	view,48	view,48	NOUN
iiclr-17591	472	29	the	the	DET
iiclr-17591	472	30	default	default	NOUN
iiclr-17591	472	31	system	system	NOUN
iiclr-17591	472	32	appears	appear	VERB
iiclr-17591	472	33	to	to	PART
iiclr-17591	472	34	be	be	AUX
iiclr-17591	472	35	the	the	DET
iiclr-17591	472	36	non	non	ADJ
iiclr-17591	472	37	-	-	ADJ
iiclr-17591	472	38	staggered	staggered	ADJ
iiclr-17591	472	39	board	board	NOUN
iiclr-17591	472	40	;	;	PUNCT
iiclr-17591	472	41	however	however	ADV
iiclr-17591	472	42	,	,	PUNCT
iiclr-17591	472	43	the	the	DET
iiclr-17591	472	44	charter	charter	NOUN
iiclr-17591	472	45	may	may	AUX
iiclr-17591	472	46	lawfully	lawfully	ADV
iiclr-17591	472	47	provide	provide	VERB
iiclr-17591	472	48	differently	differently	ADV
iiclr-17591	472	49	.	.	PUNCT
iiclr-17591	473	1	directors	director	NOUN
iiclr-17591	473	2	can	can	AUX
iiclr-17591	473	3	be	be	AUX
iiclr-17591	473	4	removed	remove	VERB
iiclr-17591	473	5	by	by	ADP
iiclr-17591	473	6	a	a	DET
iiclr-17591	473	7	shareholders	shareholder	NOUN
iiclr-17591	473	8	'	'	PART
iiclr-17591	473	9	vote	vote	NOUN
iiclr-17591	473	10	at	at	ADP
iiclr-17591	473	11	any	any	DET
iiclr-17591	473	12	time	time	NOUN
iiclr-17591	473	13	,	,	PUNCT
iiclr-17591	473	14	and	and	CCONJ
iiclr-17591	473	15	they	they	PRON
iiclr-17591	473	16	are	be	AUX
iiclr-17591	473	17	only	only	ADV
iiclr-17591	473	18	entitled	entitle	VERB
iiclr-17591	473	19	to	to	ADP
iiclr-17591	473	20	damages	damage	NOUN
iiclr-17591	473	21	if	if	SCONJ
iiclr-17591	473	22	the	the	DET
iiclr-17591	473	23	removal	removal	NOUN
iiclr-17591	473	24	is	be	AUX
iiclr-17591	473	25	proven	prove	VERB
iiclr-17591	473	26	to	to	PART
iiclr-17591	473	27	be	be	AUX
iiclr-17591	473	28	without	without	ADP
iiclr-17591	473	29	cause	cause	NOUN
iiclr-17591	473	30	.	.	PUNCT
iiclr-17591	474	1	"9	"9	VERB
iiclr-17591	474	2	the	the	DET
iiclr-17591	474	3	corporation	corporation	NOUN
iiclr-17591	474	4	is	be	AUX
iiclr-17591	474	5	governed	govern	VERB
iiclr-17591	474	6	by	by	ADP
iiclr-17591	474	7	a	a	DET
iiclr-17591	474	8	one	one	NUM
iiclr-17591	474	9	-	-	PUNCT
iiclr-17591	474	10	level	level	NOUN
iiclr-17591	474	11	board	board	NOUN
iiclr-17591	474	12	.	.	PUNCT
iiclr-17591	475	1	the	the	DET
iiclr-17591	475	2	board	board	NOUN
iiclr-17591	475	3	of	of	ADP
iiclr-17591	475	4	directors	director	NOUN
iiclr-17591	475	5	has	have	VERB
iiclr-17591	475	6	all	all	DET
iiclr-17591	475	7	the	the	DET
iiclr-17591	475	8	powers	power	NOUN
iiclr-17591	475	9	necessary	necessary	ADJ
iiclr-17591	475	10	to	to	PART
iiclr-17591	475	11	manage	manage	VERB
iiclr-17591	475	12	the	the	DET
iiclr-17591	475	13	company	company	NOUN
iiclr-17591	475	14	,	,	PUNCT
iiclr-17591	475	15	while	while	SCONJ
iiclr-17591	475	16	the	the	DET
iiclr-17591	475	17	supervision	supervision	NOUN
iiclr-17591	475	18	of	of	ADP
iiclr-17591	475	19	the	the	DET
iiclr-17591	475	20	management	management	NOUN
iiclr-17591	475	21	is	be	AUX
iiclr-17591	475	22	committed	commit	VERB
iiclr-17591	475	23	to	to	ADP
iiclr-17591	475	24	a	a	DET
iiclr-17591	475	25	special	special	ADJ
iiclr-17591	475	26	body	body	NOUN
iiclr-17591	475	27	that	that	PRON
iiclr-17591	475	28	is	be	AUX
iiclr-17591	475	29	independent	independent	ADJ
iiclr-17591	475	30	from	from	ADP
iiclr-17591	475	31	the	the	DET
iiclr-17591	475	32	board	board	NOUN
iiclr-17591	475	33	of	of	ADP
iiclr-17591	475	34	directors	director	NOUN
iiclr-17591	475	35	and	and	CCONJ
iiclr-17591	475	36	lacks	lack	VERB
iiclr-17591	475	37	any	any	DET
iiclr-17591	475	38	managerial	managerial	ADJ
iiclr-17591	475	39	power	power	NOUN
iiclr-17591	475	40	.	.	PUNCT
iiclr-17591	476	1	the	the	DET
iiclr-17591	476	2	italian	italian	ADJ
iiclr-17591	476	3	system	system	NOUN
iiclr-17591	476	4	is	be	AUX
iiclr-17591	476	5	,	,	PUNCT
iiclr-17591	476	6	therefore	therefore	ADV
iiclr-17591	476	7	,	,	PUNCT
iiclr-17591	476	8	"	"	PUNCT
iiclr-17591	476	9	monistic	monistic	ADJ
iiclr-17591	476	10	,	,	PUNCT
iiclr-17591	476	11	"	"	PUNCT
iiclr-17591	476	12	'	'	PUNCT
iiclr-17591	476	13	as	as	SCONJ
iiclr-17591	476	14	opposed	oppose	VERB
iiclr-17591	476	15	to	to	ADP
iiclr-17591	476	16	"	"	PUNCT
iiclr-17591	476	17	dualistic	dualistic	ADJ
iiclr-17591	476	18	"	"	PUNCT
iiclr-17591	476	19	systems	system	NOUN
iiclr-17591	476	20	like	like	ADP
iiclr-17591	476	21	germany	germany	PROPN
iiclr-17591	476	22	's	's	PART
iiclr-17591	476	23	,	,	PUNCT
iiclr-17591	476	24	in	in	ADP
iiclr-17591	476	25	which	which	PRON
iiclr-17591	476	26	day	day	NOUN
iiclr-17591	476	27	-	-	PUNCT
iiclr-17591	476	28	today	today	NOUN
iiclr-17591	476	29	operations	operation	NOUN
iiclr-17591	476	30	,	,	PUNCT
iiclr-17591	476	31	on	on	ADP
iiclr-17591	476	32	the	the	DET
iiclr-17591	476	33	one	one	NUM
iiclr-17591	476	34	hand	hand	NOUN
iiclr-17591	476	35	,	,	PUNCT
iiclr-17591	476	36	and	and	CCONJ
iiclr-17591	476	37	major	major	ADJ
iiclr-17591	476	38	corporate	corporate	ADJ
iiclr-17591	476	39	policy	policy	NOUN
iiclr-17591	476	40	decisions	decision	NOUN
iiclr-17591	476	41	and	and	CCONJ
iiclr-17591	476	42	supervisory	supervisory	ADJ
iiclr-17591	476	43	activity	activity	NOUN
iiclr-17591	476	44	,	,	PUNCT
iiclr-17591	476	45	on	on	ADP
iiclr-17591	476	46	the	the	DET
iiclr-17591	476	47	other	other	ADJ
iiclr-17591	476	48	,	,	PUNCT
iiclr-17591	476	49	are	be	AUX
iiclr-17591	476	50	mandatorily	mandatorily	ADV
iiclr-17591	476	51	apportioned	apportion	VERB
iiclr-17591	476	52	at	at	ADP
iiclr-17591	476	53	two	two	NUM
iiclr-17591	476	54	different	different	ADJ
iiclr-17591	476	55	levels	level	NOUN
iiclr-17591	476	56	of	of	ADP
iiclr-17591	476	57	the	the	DET
iiclr-17591	476	58	same	same	ADJ
iiclr-17591	476	59	administrative	administrative	ADJ
iiclr-17591	476	60	structure	structure	NOUN
iiclr-17591	476	61	.	.	PUNCT
iiclr-17591	477	1	however	however	ADV
iiclr-17591	477	2	,	,	PUNCT
iiclr-17591	477	3	the	the	DET
iiclr-17591	477	4	italian	italian	ADJ
iiclr-17591	477	5	"	"	PUNCT
iiclr-17591	477	6	monistic	monistic	ADJ
iiclr-17591	477	7	"	"	PUNCT
iiclr-17591	477	8	system	system	NOUN
iiclr-17591	477	9	is	be	AUX
iiclr-17591	477	10	very	very	ADV
iiclr-17591	477	11	flexible	flexible	ADJ
iiclr-17591	477	12	.	.	PUNCT
iiclr-17591	478	1	the	the	DET
iiclr-17591	478	2	directors	director	NOUN
iiclr-17591	478	3	act	act	VERB
iiclr-17591	478	4	collectively	collectively	ADV
iiclr-17591	478	5	as	as	ADP
iiclr-17591	478	6	a	a	DET
iiclr-17591	478	7	board	board	NOUN
iiclr-17591	478	8	,	,	PUNCT
iiclr-17591	478	9	"	"	PUNCT
iiclr-17591	478	10	'	'	PUNCT
iiclr-17591	478	11	but	but	CCONJ
iiclr-17591	478	12	the	the	DET
iiclr-17591	478	13	shareholders	shareholder	NOUN
iiclr-17591	478	14	or	or	CCONJ
iiclr-17591	478	15	the	the	DET
iiclr-17591	478	16	charter	charter	NOUN
iiclr-17591	478	17	may	may	AUX
iiclr-17591	478	18	authorize	authorize	VERB
iiclr-17591	478	19	the	the	DET
iiclr-17591	478	20	board	board	NOUN
iiclr-17591	478	21	to	to	PART
iiclr-17591	478	22	delegate	delegate	VERB
iiclr-17591	478	23	most	most	ADJ
iiclr-17591	478	24	of	of	ADP
iiclr-17591	478	25	its	its	PRON
iiclr-17591	478	26	powers	power	NOUN
iiclr-17591	478	27	to	to	ADP
iiclr-17591	478	28	one	one	NUM
iiclr-17591	478	29	or	or	CCONJ
iiclr-17591	478	30	more	more	ADJ
iiclr-17591	478	31	of	of	ADP
iiclr-17591	478	32	its	its	PRON
iiclr-17591	478	33	members	member	NOUN
iiclr-17591	478	34	.	.	PUNCT
iiclr-17591	479	1	powers	power	NOUN
iiclr-17591	479	2	can	can	AUX
iiclr-17591	479	3	be	be	AUX
iiclr-17591	479	4	delegated	delegate	VERB
iiclr-17591	479	5	to	to	ADP
iiclr-17591	479	6	one	one	NUM
iiclr-17591	479	7	or	or	CCONJ
iiclr-17591	479	8	more	more	ADJ
iiclr-17591	479	9	"	"	PUNCT
iiclr-17591	479	10	delegated	delegate	VERB
iiclr-17591	479	11	directors	director	NOUN
iiclr-17591	479	12	"	"	PUNCT
iiclr-17591	479	13	who	who	PRON
iiclr-17591	479	14	can	can	AUX
iiclr-17591	479	15	act	act	VERB
iiclr-17591	479	16	alone	alone	ADV
iiclr-17591	479	17	on	on	ADP
iiclr-17591	479	18	specific	specific	ADJ
iiclr-17591	479	19	matters	matter	NOUN
iiclr-17591	479	20	,	,	PUNCT
iiclr-17591	479	21	or	or	CCONJ
iiclr-17591	479	22	to	to	ADP
iiclr-17591	479	23	an	an	DET
iiclr-17591	479	24	executive	executive	ADJ
iiclr-17591	479	25	committee	committee	NOUN
iiclr-17591	479	26	of	of	ADP
iiclr-17591	479	27	delegated	delegate	VERB
iiclr-17591	479	28	directors	director	NOUN
iiclr-17591	479	29	who	who	PRON
iiclr-17591	479	30	act	act	VERB
iiclr-17591	479	31	collectively	collectively	ADV
iiclr-17591	479	32	according	accord	VERB
iiclr-17591	479	33	to	to	ADP
iiclr-17591	479	34	civil	civil	ADJ
iiclr-17591	479	35	code	code	NOUN
iiclr-17591	479	36	art	art	NOUN
iiclr-17591	479	37	.	.	PUNCT
iiclr-17591	480	1	2381	2381	NUM
iiclr-17591	480	2	.	.	PUNCT
iiclr-17591	481	1	no	no	DET
iiclr-17591	481	2	high	high	ADJ
iiclr-17591	481	3	-	-	PUNCT
iiclr-17591	481	4	level	level	NOUN
iiclr-17591	481	5	decisional	decisional	ADJ
iiclr-17591	481	6	authority	authority	NOUN
iiclr-17591	481	7	can	can	AUX
iiclr-17591	481	8	be	be	AUX
iiclr-17591	481	9	granted	grant	VERB
iiclr-17591	481	10	by	by	ADP
iiclr-17591	481	11	the	the	DET
iiclr-17591	481	12	board	board	NOUN
iiclr-17591	481	13	to	to	ADP
iiclr-17591	481	14	non	non	ADJ
iiclr-17591	481	15	-	-	ADJ
iiclr-17591	481	16	members.5	members.5	ADJ
iiclr-17591	481	17	2	2	NUM
iiclr-17591	481	18	47	47	NUM
iiclr-17591	481	19	.	.	PUNCT
iiclr-17591	482	1	c.c	c.c	PROPN
iiclr-17591	482	2	.	.	PROPN
iiclr-17591	482	3	art	art	NOUN
iiclr-17591	482	4	.	.	PUNCT
iiclr-17591	483	1	2383(2	2383(2	NUM
iiclr-17591	483	2	)	)	PUNCT
iiclr-17591	483	3	(	(	PUNCT
iiclr-17591	483	4	italy	italy	PROPN
iiclr-17591	483	5	)	)	PUNCT
iiclr-17591	483	6	.	.	PUNCT
iiclr-17591	484	1	48	48	NUM
iiclr-17591	484	2	.	.	PUNCT
iiclr-17591	485	1	judgment	judgment	NOUN
iiclr-17591	485	2	of	of	ADP
iiclr-17591	485	3	mar	mar	PROPN
iiclr-17591	485	4	.	.	PROPN
iiclr-17591	485	5	4	4	NUM
iiclr-17591	485	6	,	,	PUNCT
iiclr-17591	485	7	1994	1994	NUM
iiclr-17591	485	8	,	,	PUNCT
iiclr-17591	485	9	no	no	NOUN
iiclr-17591	485	10	.	.	NOUN
iiclr-17591	485	11	2144	2144	NUM
iiclr-17591	485	12	,	,	PUNCT
iiclr-17591	485	13	cass	cass	PROPN
iiclr-17591	485	14	.	.	PUNCT
iiclr-17591	485	15	civ	civ	PROPN
iiclr-17591	485	16	.	.	PROPN
iiclr-17591	485	17	,	,	PUNCT
iiclr-17591	485	18	1994	1994	NUM
iiclr-17591	485	19	giurisprudenza	giurisprudenza	NOUN
iiclr-17591	485	20	commerciale	commerciale	PROPN
iiclr-17591	485	21	11	11	NUM
iiclr-17591	485	22	,	,	PUNCT
iiclr-17591	485	23	639	639	NUM
iiclr-17591	485	24	.	.	PUNCT
iiclr-17591	486	1	the	the	DET
iiclr-17591	486	2	court	court	NOUN
iiclr-17591	486	3	of	of	ADP
iiclr-17591	486	4	cassation	cassation	NOUN
iiclr-17591	486	5	has	have	AUX
iiclr-17591	486	6	gone	go	VERB
iiclr-17591	486	7	against	against	ADP
iiclr-17591	486	8	a	a	DET
iiclr-17591	486	9	long	long	ADV
iiclr-17591	486	10	-	-	PUNCT
iiclr-17591	486	11	standing	stand	VERB
iiclr-17591	486	12	(	(	PUNCT
iiclr-17591	486	13	see	see	VERB
iiclr-17591	486	14	,	,	PUNCT
iiclr-17591	486	15	e.g.	e.g.	ADV
iiclr-17591	486	16	,	,	PUNCT
iiclr-17591	486	17	gustavo	gustavo	NOUN
iiclr-17591	486	18	minervini	minervini	PROPN
iiclr-17591	486	19	,	,	PUNCT
iiclr-17591	486	20	gli	gli	NOUN
iiclr-17591	486	21	amministratori	amministratori	X
iiclr-17591	486	22	di	di	X
iiclr-17591	486	23	societa	societa	NOUN
iiclr-17591	486	24	per	per	ADP
iiclr-17591	486	25	azioni	azioni	PROPN
iiclr-17591	486	26	33	33	NUM
iiclr-17591	486	27	(	(	PUNCT
iiclr-17591	486	28	1956	1956	NUM
iiclr-17591	486	29	)	)	PUNCT
iiclr-17591	486	30	)	)	PUNCT
iiclr-17591	486	31	and	and	CCONJ
iiclr-17591	486	32	almost	almost	ADV
iiclr-17591	486	33	uncontested	uncontested	ADJ
iiclr-17591	486	34	theory	theory	NOUN
iiclr-17591	486	35	,	,	PUNCT
iiclr-17591	486	36	and	and	CCONJ
iiclr-17591	486	37	seems	seem	VERB
iiclr-17591	486	38	to	to	PART
iiclr-17591	486	39	be	be	AUX
iiclr-17591	486	40	contrary	contrary	ADJ
iiclr-17591	486	41	to	to	ADP
iiclr-17591	486	42	the	the	DET
iiclr-17591	486	43	plain	plain	ADJ
iiclr-17591	486	44	interpretation	interpretation	NOUN
iiclr-17591	486	45	of	of	ADP
iiclr-17591	486	46	c.c	c.c	PROPN
iiclr-17591	486	47	.	.	PROPN
iiclr-17591	486	48	art	art	PROPN
iiclr-17591	486	49	.	.	PUNCT
iiclr-17591	487	1	2386	2386	NUM
iiclr-17591	487	2	(	(	PUNCT
iiclr-17591	487	3	italy	italy	PROPN
iiclr-17591	487	4	)	)	PUNCT
iiclr-17591	487	5	.	.	PUNCT
iiclr-17591	488	1	see	see	VERB
iiclr-17591	488	2	a	a	DET
iiclr-17591	488	3	penetrating	penetrate	VERB
iiclr-17591	488	4	critique	critique	NOUN
iiclr-17591	488	5	of	of	ADP
iiclr-17591	488	6	the	the	DET
iiclr-17591	488	7	cited	cite	VERB
iiclr-17591	488	8	decision	decision	NOUN
iiclr-17591	488	9	in	in	ADP
iiclr-17591	488	10	francesco	francesco	PROPN
iiclr-17591	488	11	corsi	corsi	PROPN
iiclr-17591	488	12	,	,	PUNCT
iiclr-17591	488	13	amministratori	amministratori	ADV
iiclr-17591	488	14	:	:	PUNCT
iiclr-17591	488	15	avanti	avanti	PROPN
iiclr-17591	488	16	in	in	ADP
iiclr-17591	488	17	disordinesparso	disordinesparso	PROPN
iiclr-17591	488	18	?	?	PUNCT
iiclr-17591	489	1	[	[	X
iiclr-17591	489	2	directors	director	NOUN
iiclr-17591	489	3	:	:	PUNCT
iiclr-17591	489	4	ahead	ahead	ADV
iiclr-17591	489	5	in	in	ADP
iiclr-17591	489	6	open	open	ADJ
iiclr-17591	489	7	disorder	disorder	NOUN
iiclr-17591	489	8	?	?	PUNCT
iiclr-17591	489	9	]	]	X
iiclr-17591	489	10	,	,	PUNCT
iiclr-17591	489	11	1994	1994	NUM
iiclr-17591	489	12	giurisprudenza	giurisprudenza	NOUN
iiclr-17591	489	13	commerciale	commerciale	PROPN
iiclr-17591	489	14	11	11	NUM
iiclr-17591	489	15	,	,	PUNCT
iiclr-17591	489	16	641	641	NUM
iiclr-17591	489	17	.	.	NOUN
iiclr-17591	489	18	49	49	NUM
iiclr-17591	489	19	.	.	PUNCT
iiclr-17591	490	1	c.c	c.c	PROPN
iiclr-17591	490	2	.	.	PROPN
iiclr-17591	490	3	art	art	NOUN
iiclr-17591	490	4	.	.	PUNCT
iiclr-17591	491	1	2383(3	2383(3	NUM
iiclr-17591	491	2	)	)	PUNCT
iiclr-17591	491	3	(	(	PUNCT
iiclr-17591	491	4	italy	italy	PROPN
iiclr-17591	491	5	)	)	PUNCT
iiclr-17591	491	6	.	.	PUNCT
iiclr-17591	492	1	cf	cf	NOUN
iiclr-17591	492	2	infra	infra	NOUN
iiclr-17591	492	3	for	for	ADP
iiclr-17591	492	4	the	the	DET
iiclr-17591	492	5	difference	difference	NOUN
iiclr-17591	492	6	between	between	ADP
iiclr-17591	492	7	removal	removal	NOUN
iiclr-17591	492	8	of	of	ADP
iiclr-17591	492	9	directors	director	NOUN
iiclr-17591	492	10	and	and	CCONJ
iiclr-17591	492	11	auditors	auditor	NOUN
iiclr-17591	492	12	.	.	PUNCT
iiclr-17591	493	1	50	50	NUM
iiclr-17591	493	2	.	.	PUNCT
iiclr-17591	494	1	the	the	DET
iiclr-17591	494	2	fifth	fifth	ADJ
iiclr-17591	494	3	european	european	ADJ
iiclr-17591	494	4	directive	directive	NOUN
iiclr-17591	494	5	proposal	proposal	NOUN
iiclr-17591	494	6	on	on	ADP
iiclr-17591	494	7	company	company	NOUN
iiclr-17591	494	8	law	law	NOUN
iiclr-17591	494	9	,	,	PUNCT
iiclr-17591	494	10	although	although	SCONJ
iiclr-17591	494	11	favoring	favor	VERB
iiclr-17591	494	12	the	the	DET
iiclr-17591	494	13	first	first	ADJ
iiclr-17591	494	14	alternative	alternative	NOUN
iiclr-17591	494	15	(	(	PUNCT
iiclr-17591	494	16	see	see	VERB
iiclr-17591	494	17	the	the	DET
iiclr-17591	494	18	introductory	introductory	NOUN
iiclr-17591	494	19	"	"	PUNCT
iiclr-17591	494	20	whereas	whereas	SCONJ
iiclr-17591	494	21	"	"	PUNCT
iiclr-17591	494	22	)	)	PUNCT
iiclr-17591	494	23	,	,	PUNCT
iiclr-17591	494	24	leaves	leave	VERB
iiclr-17591	494	25	to	to	ADP
iiclr-17591	494	26	state	state	NOUN
iiclr-17591	494	27	members	member	NOUN
iiclr-17591	494	28	of	of	ADP
iiclr-17591	494	29	the	the	DET
iiclr-17591	494	30	european	european	PROPN
iiclr-17591	494	31	union	union	PROPN
iiclr-17591	494	32	the	the	DET
iiclr-17591	494	33	choice	choice	NOUN
iiclr-17591	494	34	between	between	ADP
iiclr-17591	494	35	a	a	DET
iiclr-17591	494	36	menu	menu	NOUN
iiclr-17591	494	37	of	of	ADP
iiclr-17591	494	38	two	two	NUM
iiclr-17591	494	39	alternatives	alternative	NOUN
iiclr-17591	494	40	:	:	PUNCT
iiclr-17591	494	41	the	the	DET
iiclr-17591	494	42	dual	dual	PROPN
iiclr-17591	494	43	board	board	NOUN
iiclr-17591	494	44	structure	structure	NOUN
iiclr-17591	494	45	,	,	PUNCT
iiclr-17591	494	46	with	with	ADP
iiclr-17591	494	47	a	a	DET
iiclr-17591	494	48	management	management	NOUN
iiclr-17591	494	49	board	board	NOUN
iiclr-17591	494	50	responsible	responsible	ADJ
iiclr-17591	494	51	for	for	ADP
iiclr-17591	494	52	the	the	DET
iiclr-17591	494	53	day	day	NOUN
iiclr-17591	494	54	-	-	PUNCT
iiclr-17591	494	55	to	to	ADP
iiclr-17591	494	56	-	-	PUNCT
iiclr-17591	494	57	day	day	NOUN
iiclr-17591	494	58	operation	operation	NOUN
iiclr-17591	494	59	of	of	ADP
iiclr-17591	494	60	the	the	DET
iiclr-17591	494	61	company	company	NOUN
iiclr-17591	494	62	and	and	CCONJ
iiclr-17591	494	63	a	a	DET
iiclr-17591	494	64	supervisory	supervisory	ADJ
iiclr-17591	494	65	council	council	NOUN
iiclr-17591	494	66	responsible	responsible	ADJ
iiclr-17591	494	67	for	for	ADP
iiclr-17591	494	68	overseeing	oversee	VERB
iiclr-17591	494	69	the	the	DET
iiclr-17591	494	70	management	management	NOUN
iiclr-17591	494	71	board	board	NOUN
iiclr-17591	494	72	,	,	PUNCT
iiclr-17591	494	73	and	and	CCONJ
iiclr-17591	494	74	a	a	DET
iiclr-17591	494	75	single	single	ADJ
iiclr-17591	494	76	board	board	NOUN
iiclr-17591	494	77	or	or	CCONJ
iiclr-17591	494	78	internal	internal	ADJ
iiclr-17591	494	79	subdivisions	subdivision	NOUN
iiclr-17591	494	80	of	of	ADP
iiclr-17591	494	81	responsibilities	responsibility	NOUN
iiclr-17591	494	82	.	.	PUNCT
iiclr-17591	495	1	51	51	NUM
iiclr-17591	495	2	.	.	PUNCT
iiclr-17591	496	1	it	it	PRON
iiclr-17591	496	2	is	be	AUX
iiclr-17591	496	3	also	also	ADV
iiclr-17591	496	4	possible	possible	ADJ
iiclr-17591	496	5	to	to	PART
iiclr-17591	496	6	commit	commit	VERB
iiclr-17591	496	7	the	the	DET
iiclr-17591	496	8	management	management	NOUN
iiclr-17591	496	9	to	to	ADP
iiclr-17591	496	10	a	a	DET
iiclr-17591	496	11	sole	sole	ADJ
iiclr-17591	496	12	director	director	NOUN
iiclr-17591	496	13	.	.	PUNCT
iiclr-17591	497	1	see	see	VERB
iiclr-17591	497	2	,	,	PUNCT
iiclr-17591	497	3	implicitly	implicitly	ADV
iiclr-17591	497	4	,	,	PUNCT
iiclr-17591	497	5	c.c	c.c	PROPN
iiclr-17591	497	6	.	.	PROPN
iiclr-17591	497	7	art	art	NOUN
iiclr-17591	497	8	.	.	PUNCT
iiclr-17591	498	1	2380(2	2380(2	NUM
iiclr-17591	498	2	)	)	PUNCT
iiclr-17591	498	3	(	(	PUNCT
iiclr-17591	498	4	italy	italy	PROPN
iiclr-17591	498	5	)	)	PUNCT
iiclr-17591	498	6	.	.	PUNCT
iiclr-17591	499	1	this	this	DET
iiclr-17591	499	2	kind	kind	NOUN
iiclr-17591	499	3	of	of	ADP
iiclr-17591	499	4	managerial	managerial	ADJ
iiclr-17591	499	5	structure	structure	NOUN
iiclr-17591	499	6	is	be	AUX
iiclr-17591	499	7	clearly	clearly	ADV
iiclr-17591	499	8	suitable	suitable	ADJ
iiclr-17591	499	9	only	only	ADV
iiclr-17591	499	10	for	for	ADP
iiclr-17591	499	11	very	very	ADV
iiclr-17591	499	12	small	small	ADJ
iiclr-17591	499	13	businesses	business	NOUN
iiclr-17591	499	14	.	.	PUNCT
iiclr-17591	500	1	52	52	NUM
iiclr-17591	500	2	.	.	PUNCT
iiclr-17591	501	1	the	the	DET
iiclr-17591	501	2	decisional	decisional	ADJ
iiclr-17591	501	3	level	level	NOUN
iiclr-17591	501	4	immediately	immediately	ADV
iiclr-17591	501	5	below	below	ADP
iiclr-17591	501	6	the	the	DET
iiclr-17591	501	7	board	board	NOUN
iiclr-17591	501	8	is	be	AUX
iiclr-17591	501	9	normally	normally	ADV
iiclr-17591	501	10	occupied	occupy	VERB
iiclr-17591	501	11	by	by	ADP
iiclr-17591	501	12	the	the	DET
iiclr-17591	501	13	"	"	PUNCT
iiclr-17591	501	14	direttori	direttori	X
iiclr-17591	501	15	generali	generali	NOUN
iiclr-17591	501	16	,	,	PUNCT
iiclr-17591	501	17	"	"	PUNCT
iiclr-17591	501	18	[	[	X
iiclr-17591	501	19	general	general	ADJ
iiclr-17591	501	20	managers	manager	NOUN
iiclr-17591	501	21	]	]	PUNCT
iiclr-17591	501	22	full	full	ADJ
iiclr-17591	501	23	-	-	PUNCT
iiclr-17591	501	24	time	time	NOUN
iiclr-17591	501	25	,	,	PUNCT
iiclr-17591	501	26	high	high	ADJ
iiclr-17591	501	27	-	-	PUNCT
iiclr-17591	501	28	level	level	NOUN
iiclr-17591	501	29	employees	employee	NOUN
iiclr-17591	501	30	in	in	ADP
iiclr-17591	501	31	charge	charge	NOUN
iiclr-17591	501	32	of	of	ADP
iiclr-17591	501	33	particular	particular	ADJ
iiclr-17591	501	34	sectors	sector	NOUN
iiclr-17591	501	35	of	of	ADP
iiclr-17591	501	36	activity	activity	NOUN
iiclr-17591	501	37	such	such	ADJ
iiclr-17591	501	38	as	as	ADP
iiclr-17591	501	39	finance	finance	NOUN
iiclr-17591	501	40	,	,	PUNCT
iiclr-17591	501	41	administration	administration	NOUN
iiclr-17591	501	42	,	,	PUNCT
iiclr-17591	501	43	export	export	NOUN
iiclr-17591	501	44	,	,	PUNCT
iiclr-17591	501	45	and	and	CCONJ
iiclr-17591	501	46	operations	operation	NOUN
iiclr-17591	501	47	with	with	ADP
iiclr-17591	501	48	foreign	foreign	ADJ
iiclr-17591	501	49	countries	country	NOUN
iiclr-17591	501	50	.	.	PUNCT
iiclr-17591	502	1	etc	etc	X
iiclr-17591	502	2	.	.	X
iiclr-17591	503	1	they	they	PRON
iiclr-17591	503	2	are	be	AUX
iiclr-17591	503	3	not	not	PART
iiclr-17591	503	4	members	member	NOUN
iiclr-17591	503	5	of	of	ADP
iiclr-17591	503	6	the	the	DET
iiclr-17591	503	7	board	board	NOUN
iiclr-17591	503	8	,	,	PUNCT
iiclr-17591	503	9	and	and	CCONJ
iiclr-17591	503	10	are	be	AUX
iiclr-17591	503	11	,	,	PUNCT
iiclr-17591	503	12	at	at	ADV
iiclr-17591	503	13	least	least	ADJ
iiclr-17591	503	14	as	as	ADP
iiclr-17591	503	15	a	a	DET
iiclr-17591	503	16	matter	matter	NOUN
iiclr-17591	503	17	of	of	ADP
iiclr-17591	503	18	law	law	NOUN
iiclr-17591	503	19	,	,	PUNCT
iiclr-17591	503	20	subordinated	subordinate	VERB
iiclr-17591	503	21	to	to	ADP
iiclr-17591	503	22	it	it	PRON
iiclr-17591	503	23	.	.	PUNCT
iiclr-17591	504	1	their	their	PRON
iiclr-17591	504	2	relationship	relationship	NOUN
iiclr-17591	504	3	is	be	AUX
iiclr-17591	504	4	mostly	mostly	ADV
iiclr-17591	504	5	subject	subject	ADJ
iiclr-17591	504	6	,	,	PUNCT
iiclr-17591	504	7	regarding	regard	VERB
iiclr-17591	504	8	internal	internal	ADJ
iiclr-17591	504	9	aspects	aspect	NOUN
iiclr-17591	504	10	,	,	PUNCT
iiclr-17591	504	11	to	to	ADP
iiclr-17591	504	12	the	the	DET
iiclr-17591	504	13	labor	labor	NOUN
iiclr-17591	504	14	law	law	NOUN
iiclr-17591	504	15	and	and	CCONJ
iiclr-17591	504	16	regarding	regard	VERB
iiclr-17591	504	17	external	external	ADJ
iiclr-17591	504	18	aspects	aspect	NOUN
iiclr-17591	504	19	(	(	PUNCT
iiclr-17591	504	20	i.e.	i.e.	X
iiclr-17591	504	21	,	,	PUNCT
iiclr-17591	504	22	the	the	DET
iiclr-17591	504	23	existence	existence	NOUN
iiclr-17591	504	24	and	and	CCONJ
iiclr-17591	504	25	limits	limit	NOUN
iiclr-17591	504	26	of	of	ADP
iiclr-17591	504	27	the	the	DET
iiclr-17591	504	28	general	general	ADJ
iiclr-17591	504	29	managers	manager	NOUN
iiclr-17591	504	30	authority	authority	NOUN
iiclr-17591	504	31	to	to	PART
iiclr-17591	504	32	bind	bind	VERB
iiclr-17591	504	33	the	the	DET
iiclr-17591	504	34	corporation	corporation	NOUN
iiclr-17591	504	35	)	)	PUNCT
iiclr-17591	504	36	,	,	PUNCT
iiclr-17591	504	37	to	to	ADP
iiclr-17591	504	38	the	the	DET
iiclr-17591	504	39	law	law	NOUN
iiclr-17591	504	40	of	of	ADP
iiclr-17591	504	41	general	general	ADJ
iiclr-17591	504	42	and	and	CCONJ
iiclr-17591	504	43	commercial	commercial	ADJ
iiclr-17591	504	44	agency	agency	NOUN
iiclr-17591	504	45	.	.	PUNCT
iiclr-17591	505	1	1995	1995	NUM
iiclr-17591	505	2	]	]	X
iiclr-17591	505	3	ind	ind	NOUN
iiclr-17591	505	4	.	.	PUNCT
iiclr-17591	506	1	int'l	int'l	PROPN
iiclr-17591	506	2	&	&	CCONJ
iiclr-17591	506	3	comp	comp	PROPN
iiclr-17591	506	4	.	.	PUNCT
iiclr-17591	507	1	l	l	PROPN
iiclr-17591	507	2	rev	rev	PROPN
iiclr-17591	507	3	.	.	PUNCT
iiclr-17591	508	1	thus	thus	ADV
iiclr-17591	508	2	,	,	PUNCT
iiclr-17591	508	3	a	a	DET
iiclr-17591	508	4	double	double	ADJ
iiclr-17591	508	5	level	level	NOUN
iiclr-17591	508	6	of	of	ADP
iiclr-17591	508	7	management	management	NOUN
iiclr-17591	508	8	can	can	AUX
iiclr-17591	508	9	be	be	AUX
iiclr-17591	508	10	,	,	PUNCT
iiclr-17591	508	11	and	and	CCONJ
iiclr-17591	508	12	in	in	ADP
iiclr-17591	508	13	medium	medium	ADJ
iiclr-17591	508	14	-	-	PUNCT
iiclr-17591	508	15	large	large	ADJ
iiclr-17591	508	16	companies	company	NOUN
iiclr-17591	508	17	usually	usually	ADV
iiclr-17591	508	18	is	be	AUX
iiclr-17591	508	19	,	,	PUNCT
iiclr-17591	508	20	created	create	VERB
iiclr-17591	508	21	by	by	ADP
iiclr-17591	508	22	the	the	DET
iiclr-17591	508	23	shareholders	shareholder	NOUN
iiclr-17591	508	24	.	.	PUNCT
iiclr-17591	509	1	3	3	NUM
iiclr-17591	509	2	typically	typically	ADV
iiclr-17591	509	3	,	,	PUNCT
iiclr-17591	509	4	members	member	NOUN
iiclr-17591	509	5	of	of	ADP
iiclr-17591	509	6	the	the	DET
iiclr-17591	509	7	relevance	relevance	NOUN
iiclr-17591	509	8	of	of	ADP
iiclr-17591	509	9	direttori	direttori	NOUN
iiclr-17591	509	10	generali	generali	PROPN
iiclr-17591	509	11	for	for	ADP
iiclr-17591	509	12	black	black	ADJ
iiclr-17591	509	13	letter	letter	NOUN
iiclr-17591	509	14	corporate	corporate	ADJ
iiclr-17591	509	15	law	law	NOUN
iiclr-17591	509	16	is	be	AUX
iiclr-17591	509	17	limited	limit	VERB
iiclr-17591	509	18	to	to	ADP
iiclr-17591	509	19	civil	civil	ADJ
iiclr-17591	509	20	code	code	NOUN
iiclr-17591	509	21	art	art	NOUN
iiclr-17591	509	22	.	.	PUNCT
iiclr-17591	510	1	2396	2396	NUM
iiclr-17591	510	2	(	(	PUNCT
iiclr-17591	510	3	italy	italy	PROPN
iiclr-17591	510	4	)	)	PUNCT
iiclr-17591	510	5	,	,	PUNCT
iiclr-17591	510	6	which	which	PRON
iiclr-17591	510	7	,	,	PUNCT
iiclr-17591	510	8	in	in	ADP
iiclr-17591	510	9	synthesis	synthesis	NOUN
iiclr-17591	510	10	,	,	PUNCT
iiclr-17591	510	11	states	state	VERB
iiclr-17591	510	12	:	:	PUNCT
iiclr-17591	510	13	(	(	PUNCT
iiclr-17591	510	14	a	a	X
iiclr-17591	510	15	)	)	PUNCT
iiclr-17591	510	16	that	that	SCONJ
iiclr-17591	510	17	the	the	DET
iiclr-17591	510	18	direuori	direuori	NOUN
iiclr-17591	510	19	generali	generali	PROPN
iiclr-17591	510	20	can	can	AUX
iiclr-17591	510	21	be	be	AUX
iiclr-17591	510	22	elected	elect	VERB
iiclr-17591	510	23	directly	directly	ADV
iiclr-17591	510	24	by	by	ADP
iiclr-17591	510	25	the	the	DET
iiclr-17591	510	26	shareholders	shareholder	NOUN
iiclr-17591	510	27	(	(	PUNCT
iiclr-17591	510	28	which	which	PRON
iiclr-17591	510	29	rarely	rarely	ADV
iiclr-17591	510	30	happens	happen	VERB
iiclr-17591	510	31	)	)	PUNCT
iiclr-17591	510	32	;	;	PUNCT
iiclr-17591	510	33	(	(	PUNCT
iiclr-17591	510	34	b	b	X
iiclr-17591	510	35	)	)	PUNCT
iiclr-17591	510	36	that	that	SCONJ
iiclr-17591	510	37	their	their	PRON
iiclr-17591	510	38	role	role	NOUN
iiclr-17591	510	39	can	can	AUX
iiclr-17591	510	40	be	be	AUX
iiclr-17591	510	41	provided	provide	VERB
iiclr-17591	510	42	for	for	ADP
iiclr-17591	510	43	by	by	ADP
iiclr-17591	510	44	the	the	DET
iiclr-17591	510	45	charter	charter	NOUN
iiclr-17591	510	46	;	;	PUNCT
iiclr-17591	510	47	(	(	PUNCT
iiclr-17591	510	48	c	c	X
iiclr-17591	510	49	)	)	PUNCT
iiclr-17591	510	50	that	that	SCONJ
iiclr-17591	510	51	in	in	ADP
iiclr-17591	510	52	the	the	DET
iiclr-17591	510	53	preceding	precede	VERB
iiclr-17591	510	54	two	two	NUM
iiclr-17591	510	55	cases	case	NOUN
iiclr-17591	510	56	,	,	PUNCT
iiclr-17591	510	57	they	they	PRON
iiclr-17591	510	58	are	be	AUX
iiclr-17591	510	59	subject	subject	ADJ
iiclr-17591	510	60	to	to	ADP
iiclr-17591	510	61	the	the	DET
iiclr-17591	510	62	same	same	ADJ
iiclr-17591	510	63	liability	liability	NOUN
iiclr-17591	510	64	provisions	provision	NOUN
iiclr-17591	510	65	of	of	ADP
iiclr-17591	510	66	the	the	DET
iiclr-17591	510	67	directors	director	NOUN
iiclr-17591	510	68	,	,	PUNCT
iiclr-17591	510	69	as	as	ADV
iiclr-17591	510	70	far	far	ADV
iiclr-17591	510	71	as	as	SCONJ
iiclr-17591	510	72	their	their	PRON
iiclr-17591	510	73	own	own	ADJ
iiclr-17591	510	74	tasks	task	NOUN
iiclr-17591	510	75	are	be	AUX
iiclr-17591	510	76	concerned	concern	VERB
iiclr-17591	510	77	.	.	PUNCT
iiclr-17591	511	1	provided	provide	VERB
iiclr-17591	511	2	that	that	SCONJ
iiclr-17591	511	3	every	every	DET
iiclr-17591	511	4	employee	employee	NOUN
iiclr-17591	511	5	of	of	ADP
iiclr-17591	511	6	the	the	DET
iiclr-17591	511	7	company	company	NOUN
iiclr-17591	511	8	,	,	PUNCT
iiclr-17591	511	9	under	under	ADP
iiclr-17591	511	10	general	general	ADJ
iiclr-17591	511	11	provisions	provision	NOUN
iiclr-17591	511	12	of	of	ADP
iiclr-17591	511	13	the	the	DET
iiclr-17591	511	14	law	law	NOUN
iiclr-17591	511	15	,	,	PUNCT
iiclr-17591	511	16	can	can	AUX
iiclr-17591	511	17	be	be	AUX
iiclr-17591	511	18	held	hold	VERB
iiclr-17591	511	19	liable	liable	ADJ
iiclr-17591	511	20	in	in	ADP
iiclr-17591	511	21	connection	connection	NOUN
iiclr-17591	511	22	with	with	ADP
iiclr-17591	511	23	possible	possible	ADJ
iiclr-17591	511	24	wrongdoing	wrongdoing	NOUN
iiclr-17591	511	25	or	or	CCONJ
iiclr-17591	511	26	fraud	fraud	NOUN
iiclr-17591	511	27	,	,	PUNCT
iiclr-17591	511	28	c.c	c.c	PROPN
iiclr-17591	511	29	.	.	PROPN
iiclr-17591	511	30	art	art	PROPN
iiclr-17591	511	31	.	.	PUNCT
iiclr-17591	512	1	2396	2396	NUM
iiclr-17591	512	2	(	(	PUNCT
iiclr-17591	512	3	italy	italy	PROPN
iiclr-17591	512	4	)	)	PUNCT
iiclr-17591	513	1	,	,	PUNCT
iiclr-17591	513	2	subjecting	subject	VERB
iiclr-17591	513	3	the	the	DET
iiclr-17591	513	4	liability	liability	NOUN
iiclr-17591	513	5	of	of	ADP
iiclr-17591	513	6	direttori	direttori	NOUN
iiclr-17591	513	7	generali	generali	PROPN
iiclr-17591	513	8	to	to	ADP
iiclr-17591	513	9	the	the	DET
iiclr-17591	513	10	same	same	ADJ
iiclr-17591	513	11	provisions	provision	NOUN
iiclr-17591	513	12	of	of	ADP
iiclr-17591	513	13	directors	director	NOUN
iiclr-17591	513	14	'	'	PART
iiclr-17591	513	15	liability	liability	NOUN
iiclr-17591	513	16	,	,	PUNCT
iiclr-17591	513	17	in	in	ADP
iiclr-17591	513	18	some	some	DET
iiclr-17591	513	19	respects	respect	NOUN
iiclr-17591	513	20	expands	expand	VERB
iiclr-17591	513	21	that	that	DET
iiclr-17591	513	22	liability	liability	NOUN
iiclr-17591	513	23	(	(	PUNCT
iiclr-17591	513	24	by	by	ADP
iiclr-17591	513	25	rendering	render	VERB
iiclr-17591	513	26	them	they	PRON
iiclr-17591	513	27	directly	directly	ADV
iiclr-17591	513	28	responsible	responsible	ADJ
iiclr-17591	513	29	to	to	ADP
iiclr-17591	513	30	creditors	creditor	NOUN
iiclr-17591	513	31	,	,	PUNCT
iiclr-17591	513	32	in	in	ADP
iiclr-17591	513	33	limited	limited	ADJ
iiclr-17591	513	34	cases	case	NOUN
iiclr-17591	513	35	)	)	PUNCT
iiclr-17591	513	36	and	and	CCONJ
iiclr-17591	513	37	in	in	ADP
iiclr-17591	513	38	some	some	DET
iiclr-17591	513	39	other	other	ADJ
iiclr-17591	513	40	respects	respect	NOUN
iiclr-17591	513	41	restricts	restrict	VERB
iiclr-17591	513	42	it	it	PRON
iiclr-17591	513	43	(	(	PUNCT
iiclr-17591	513	44	by	by	ADP
iiclr-17591	513	45	requiring	require	VERB
iiclr-17591	513	46	a	a	DET
iiclr-17591	513	47	shareholders	shareholder	NOUN
iiclr-17591	513	48	'	'	PART
iiclr-17591	513	49	vote	vote	NOUN
iiclr-17591	513	50	to	to	PART
iiclr-17591	513	51	maintain	maintain	VERB
iiclr-17591	513	52	a	a	DET
iiclr-17591	513	53	suit	suit	NOUN
iiclr-17591	513	54	against	against	ADP
iiclr-17591	513	55	them	they	PRON
iiclr-17591	513	56	)	)	PUNCT
iiclr-17591	513	57	.	.	PUNCT
iiclr-17591	514	1	see	see	VERB
iiclr-17591	514	2	generally	generally	ADV
iiclr-17591	514	3	alessandro	alessandro	VERB
iiclr-17591	514	4	borgioli	borgioli	NOUN
iiclr-17591	514	5	,	,	PUNCT
iiclr-17591	514	6	i	i	PRON
iiclr-17591	514	7	diretfori	diretfori	PROPN
iiclr-17591	514	8	generau	generau	PROPN
iiclr-17591	514	9	di	di	PROPN
iiclr-17591	514	10	societa	societa	PROPN
iiclr-17591	514	11	per	per	ADP
iiclr-17591	514	12	azioni	azioni	X
iiclr-17591	514	13	(	(	PUNCT
iiclr-17591	514	14	1975	1975	NUM
iiclr-17591	514	15	)	)	PUNCT
iiclr-17591	514	16	.	.	PUNCT
iiclr-17591	515	1	it	it	PRON
iiclr-17591	515	2	is	be	AUX
iiclr-17591	515	3	disputed	dispute	VERB
iiclr-17591	515	4	whether	whether	SCONJ
iiclr-17591	515	5	civil	civil	ADJ
iiclr-17591	515	6	code	code	NOUN
iiclr-17591	515	7	art	art	NOUN
iiclr-17591	515	8	.	.	PUNCT
iiclr-17591	516	1	2396	2396	NUM
iiclr-17591	516	2	has	have	VERB
iiclr-17591	516	3	the	the	DET
iiclr-17591	516	4	effect	effect	NOUN
iiclr-17591	516	5	of	of	ADP
iiclr-17591	516	6	strengthening	strengthen	VERB
iiclr-17591	516	7	the	the	DET
iiclr-17591	516	8	general	general	ADJ
iiclr-17591	516	9	principle	principle	NOUN
iiclr-17591	516	10	that	that	SCONJ
iiclr-17591	516	11	directors	director	NOUN
iiclr-17591	516	12	are	be	AUX
iiclr-17591	516	13	entitled	entitle	VERB
iiclr-17591	516	14	to	to	ADP
iiclr-17591	516	15	reasonable	reasonable	ADJ
iiclr-17591	516	16	reliance	reliance	NOUN
iiclr-17591	516	17	on	on	ADP
iiclr-17591	516	18	subordinates	subordinate	NOUN
iiclr-17591	516	19	(	(	PUNCT
iiclr-17591	516	20	normally	normally	ADV
iiclr-17591	516	21	weaker	weak	ADJ
iiclr-17591	516	22	in	in	ADP
iiclr-17591	516	23	the	the	DET
iiclr-17591	516	24	italian	italian	ADJ
iiclr-17591	516	25	corporate	corporate	ADJ
iiclr-17591	516	26	law	law	NOUN
iiclr-17591	516	27	than	than	ADP
iiclr-17591	516	28	the	the	DET
iiclr-17591	516	29	model	model	NOUN
iiclr-17591	516	30	one	one	NUM
iiclr-17591	516	31	set	set	VERB
iiclr-17591	516	32	forth	forth	ADV
iiclr-17591	516	33	in	in	ADP
iiclr-17591	516	34	§	§	PROPN
iiclr-17591	516	35	8.30(b	8.30(b	PROPN
iiclr-17591	516	36	)	)	PUNCT
iiclr-17591	516	37	of	of	ADP
iiclr-17591	516	38	the	the	DET
iiclr-17591	516	39	rmbca	rmbca	NOUN
iiclr-17591	516	40	)	)	PUNCT
iiclr-17591	516	41	(	(	PUNCT
iiclr-17591	516	42	compare	compare	VERB
iiclr-17591	516	43	borgioli	borgioli	NOUN
iiclr-17591	516	44	,	,	PUNCT
iiclr-17591	516	45	supra	supra	PROPN
iiclr-17591	516	46	,	,	PUNCT
iiclr-17591	516	47	at	at	ADP
iiclr-17591	516	48	187	187	NUM
iiclr-17591	516	49	,	,	PUNCT
iiclr-17591	516	50	190	190	NUM
iiclr-17591	516	51	(	(	PUNCT
iiclr-17591	516	52	directors	director	NOUN
iiclr-17591	516	53	'	'	PART
iiclr-17591	516	54	liability	liability	NOUN
iiclr-17591	516	55	reduced	reduce	VERB
iiclr-17591	516	56	for	for	ADP
iiclr-17591	516	57	matters	matter	NOUN
iiclr-17591	516	58	delegated	delegate	VERB
iiclr-17591	516	59	to	to	ADP
iiclr-17591	516	60	direttori	direttori	PROPN
iiclr-17591	516	61	generali	generali	PROPN
iiclr-17591	516	62	elected	elect	VERB
iiclr-17591	516	63	under	under	ADP
iiclr-17591	516	64	civil	civil	ADJ
iiclr-17591	516	65	code	code	NOUN
iiclr-17591	516	66	art	art	NOUN
iiclr-17591	516	67	.	.	PUNCT
iiclr-17591	517	1	2396	2396	NUM
iiclr-17591	517	2	(	(	PUNCT
iiclr-17591	517	3	italy	italy	PROPN
iiclr-17591	517	4	)	)	PUNCT
iiclr-17591	517	5	)	)	PUNCT
iiclr-17591	518	1	with	with	ADP
iiclr-17591	518	2	franco	franco	PROPN
iiclr-17591	518	3	di	di	PROPN
iiclr-17591	518	4	sabato	sabato	PROPN
iiclr-17591	518	5	,	,	PUNCT
iiclr-17591	518	6	sui	sui	PROPN
iiclr-17591	518	7	rapportifra	rapportifra	PROPN
iiclr-17591	518	8	la	la	PROPN
iiclr-17591	518	9	responsabilit	responsabilit	PROPN
iiclr-17591	518	10	degli	degli	NOUN
iiclr-17591	518	11	amministratori	amministratori	PROPN
iiclr-17591	518	12	di	di	PROPN
iiclr-17591	518	13	s.p.a	s.p.a	PROPN
iiclr-17591	518	14	.	.	PUNCT
iiclr-17591	519	1	e	e	PROPN
iiclr-17591	519	2	quella	quella	PROPN
iiclr-17591	519	3	dei	dei	PROPN
iiclr-17591	519	4	direttori	direttori	PROPN
iiclr-17591	519	5	generali	generali	PROPN
iiclr-17591	519	6	,	,	PUNCT
iiclr-17591	519	7	1985	1985	NUM
iiclr-17591	519	8	rassegna	rassegna	NOUN
iiclr-17591	519	9	di	di	PROPN
iiclr-17591	519	10	diritto	diritto	PROPN
iiclr-17591	519	11	civile	civile	PROPN
iiclr-17591	519	12	450	450	NUM
iiclr-17591	519	13	(	(	PUNCT
iiclr-17591	519	14	no	no	DET
iiclr-17591	519	15	differences	difference	NOUN
iiclr-17591	519	16	in	in	ADP
iiclr-17591	519	17	liability	liability	NOUN
iiclr-17591	519	18	due	due	ADP
iiclr-17591	519	19	to	to	ADP
iiclr-17591	519	20	the	the	DET
iiclr-17591	519	21	method	method	NOUN
iiclr-17591	519	22	of	of	ADP
iiclr-17591	519	23	selection	selection	NOUN
iiclr-17591	519	24	)	)	PUNCT
iiclr-17591	519	25	)	)	PUNCT
iiclr-17591	519	26	.	.	PUNCT
iiclr-17591	520	1	53	53	NUM
iiclr-17591	520	2	.	.	PUNCT
iiclr-17591	521	1	the	the	DET
iiclr-17591	521	2	delegation	delegation	NOUN
iiclr-17591	521	3	of	of	ADP
iiclr-17591	521	4	power	power	NOUN
iiclr-17591	521	5	on	on	ADP
iiclr-17591	521	6	the	the	DET
iiclr-17591	521	7	basis	basis	NOUN
iiclr-17591	521	8	of	of	ADP
iiclr-17591	521	9	civil	civil	ADJ
iiclr-17591	521	10	code	code	NOUN
iiclr-17591	521	11	art	art	NOUN
iiclr-17591	521	12	.	.	PUNCT
iiclr-17591	522	1	2381	2381	NUM
iiclr-17591	522	2	addresses	address	NOUN
iiclr-17591	522	3	only	only	ADV
iiclr-17591	522	4	the	the	DET
iiclr-17591	522	5	allocation	allocation	NOUN
iiclr-17591	522	6	of	of	ADP
iiclr-17591	522	7	internal	internal	ADJ
iiclr-17591	522	8	decisional	decisional	ADJ
iiclr-17591	522	9	authority	authority	NOUN
iiclr-17591	522	10	,	,	PUNCT
iiclr-17591	522	11	and	and	CCONJ
iiclr-17591	522	12	has	have	VERB
iiclr-17591	522	13	nothing	nothing	PRON
iiclr-17591	522	14	to	to	PART
iiclr-17591	522	15	do	do	VERB
iiclr-17591	522	16	with	with	ADP
iiclr-17591	522	17	the	the	DET
iiclr-17591	522	18	authority	authority	NOUN
iiclr-17591	522	19	to	to	PART
iiclr-17591	522	20	bind	bind	VERB
iiclr-17591	522	21	the	the	DET
iiclr-17591	522	22	corporation	corporation	NOUN
iiclr-17591	522	23	.	.	PUNCT
iiclr-17591	523	1	the	the	DET
iiclr-17591	523	2	law	law	NOUN
iiclr-17591	523	3	treats	treat	VERB
iiclr-17591	523	4	these	these	DET
iiclr-17591	523	5	issues	issue	NOUN
iiclr-17591	523	6	differently	differently	ADV
iiclr-17591	523	7	.	.	PUNCT
iiclr-17591	524	1	while	while	SCONJ
iiclr-17591	524	2	the	the	DET
iiclr-17591	524	3	charter	charter	NOUN
iiclr-17591	524	4	,	,	PUNCT
iiclr-17591	524	5	the	the	DET
iiclr-17591	524	6	shareholders	shareholder	NOUN
iiclr-17591	524	7	and	and	CCONJ
iiclr-17591	524	8	the	the	DET
iiclr-17591	524	9	board	board	NOUN
iiclr-17591	524	10	have	have	VERB
iiclr-17591	524	11	a	a	DET
iiclr-17591	524	12	certain	certain	ADJ
iiclr-17591	524	13	leeway	leeway	NOUN
iiclr-17591	524	14	in	in	ADP
iiclr-17591	524	15	allocating	allocate	VERB
iiclr-17591	524	16	internal	internal	ADJ
iiclr-17591	524	17	decisional	decisional	ADJ
iiclr-17591	524	18	authority	authority	NOUN
iiclr-17591	524	19	,	,	PUNCT
iiclr-17591	524	20	the	the	DET
iiclr-17591	524	21	law	law	NOUN
iiclr-17591	524	22	conclusively	conclusively	ADV
iiclr-17591	524	23	resolves	resolve	VERB
iiclr-17591	524	24	most	most	ADJ
iiclr-17591	524	25	of	of	ADP
iiclr-17591	524	26	the	the	DET
iiclr-17591	524	27	questions	question	NOUN
iiclr-17591	524	28	arising	arise	VERB
iiclr-17591	524	29	from	from	ADP
iiclr-17591	524	30	the	the	DET
iiclr-17591	524	31	existence	existence	NOUN
iiclr-17591	524	32	or	or	CCONJ
iiclr-17591	524	33	absence	absence	NOUN
iiclr-17591	524	34	of	of	ADP
iiclr-17591	524	35	authority	authority	NOUN
iiclr-17591	524	36	to	to	PART
iiclr-17591	524	37	bind	bind	VERB
iiclr-17591	524	38	the	the	DET
iiclr-17591	524	39	corporation	corporation	NOUN
iiclr-17591	524	40	.	.	PUNCT
iiclr-17591	525	1	the	the	DET
iiclr-17591	525	2	law	law	NOUN
iiclr-17591	525	3	requires	require	VERB
iiclr-17591	525	4	that	that	SCONJ
iiclr-17591	525	5	the	the	DET
iiclr-17591	525	6	charter	charter	NOUN
iiclr-17591	525	7	establish	establish	VERB
iiclr-17591	525	8	clearly	clearly	ADV
iiclr-17591	525	9	and	and	CCONJ
iiclr-17591	525	10	in	in	ADP
iiclr-17591	525	11	a	a	DET
iiclr-17591	525	12	general	general	ADJ
iiclr-17591	525	13	way	way	NOUN
iiclr-17591	525	14	who	who	PRON
iiclr-17591	525	15	has	have	VERB
iiclr-17591	525	16	the	the	DET
iiclr-17591	525	17	authority	authority	NOUN
iiclr-17591	525	18	to	to	PART
iiclr-17591	525	19	bind	bind	VERB
iiclr-17591	525	20	the	the	DET
iiclr-17591	525	21	corporation	corporation	NOUN
iiclr-17591	525	22	(	(	PUNCT
iiclr-17591	525	23	e.g.	e.g.	ADV
iiclr-17591	525	24	,	,	PUNCT
iiclr-17591	525	25	the	the	DET
iiclr-17591	525	26	president	president	NOUN
iiclr-17591	525	27	of	of	ADP
iiclr-17591	525	28	the	the	DET
iiclr-17591	525	29	board	board	NOUN
iiclr-17591	525	30	of	of	ADP
iiclr-17591	525	31	directors	director	NOUN
iiclr-17591	525	32	,	,	PUNCT
iiclr-17591	525	33	each	each	DET
iiclr-17591	525	34	delegated	delegate	VERB
iiclr-17591	525	35	director	director	NOUN
iiclr-17591	525	36	,	,	PUNCT
iiclr-17591	525	37	two	two	NUM
iiclr-17591	525	38	delegated	delegate	VERB
iiclr-17591	525	39	directors	director	NOUN
iiclr-17591	525	40	jointly	jointly	ADV
iiclr-17591	525	41	)	)	PUNCT
iiclr-17591	525	42	c.c	c.c	PROPN
iiclr-17591	525	43	.	.	PROPN
iiclr-17591	525	44	art	art	NOUN
iiclr-17591	525	45	.	.	PUNCT
iiclr-17591	526	1	2328	2328	NUM
iiclr-17591	526	2	,	,	PUNCT
iiclr-17591	526	3	no	no	INTJ
iiclr-17591	526	4	.	.	NOUN
iiclr-17591	526	5	9	9	NUM
iiclr-17591	526	6	(	(	PUNCT
iiclr-17591	526	7	italy	italy	PROPN
iiclr-17591	526	8	)	)	PUNCT
iiclr-17591	526	9	)	)	PUNCT
iiclr-17591	526	10	.	.	PUNCT
iiclr-17591	527	1	the	the	DET
iiclr-17591	527	2	directors	director	NOUN
iiclr-17591	527	3	who	who	PRON
iiclr-17591	527	4	actually	actually	ADV
iiclr-17591	527	5	have	have	VERB
iiclr-17591	527	6	that	that	DET
iiclr-17591	527	7	authority	authority	NOUN
iiclr-17591	527	8	must	must	AUX
iiclr-17591	527	9	deposit	deposit	VERB
iiclr-17591	527	10	their	their	PRON
iiclr-17591	527	11	signatures	signature	NOUN
iiclr-17591	527	12	in	in	ADP
iiclr-17591	527	13	the	the	DET
iiclr-17591	527	14	"	"	PUNCT
iiclr-17591	527	15	ufficio	ufficio	PROPN
iiclr-17591	527	16	del	del	PROPN
iiclr-17591	527	17	registro	registro	PROPN
iiclr-17591	527	18	delle	delle	PROPN
iiclr-17591	527	19	imprese	imprese	NOUN
iiclr-17591	527	20	"	"	PUNCT
iiclr-17591	528	1	[	[	X
iiclr-17591	528	2	office	office	NOUN
iiclr-17591	528	3	of	of	ADP
iiclr-17591	528	4	register	register	NOUN
iiclr-17591	528	5	of	of	ADP
iiclr-17591	528	6	enterprises	enterprise	NOUN
iiclr-17591	528	7	]	]	PUNCT
iiclr-17591	528	8	.	.	PUNCT
iiclr-17591	529	1	c.c	c.c	PROPN
iiclr-17591	529	2	.	.	PROPN
iiclr-17591	529	3	art	art	PROPN
iiclr-17591	529	4	.	.	PUNCT
iiclr-17591	530	1	2383(4	2383(4	NUM
iiclr-17591	530	2	)	)	PUNCT
iiclr-17591	530	3	(	(	PUNCT
iiclr-17591	530	4	italy	italy	PROPN
iiclr-17591	530	5	)	)	PUNCT
iiclr-17591	530	6	.	.	PUNCT
iiclr-17591	531	1	the	the	DET
iiclr-17591	531	2	register	register	NOUN
iiclr-17591	531	3	of	of	ADP
iiclr-17591	531	4	enterprises	enterprise	NOUN
iiclr-17591	531	5	contains	contain	VERB
iiclr-17591	531	6	an	an	DET
iiclr-17591	531	7	updated	update	VERB
iiclr-17591	531	8	version	version	NOUN
iiclr-17591	531	9	of	of	ADP
iiclr-17591	531	10	the	the	DET
iiclr-17591	531	11	charter	charter	NOUN
iiclr-17591	531	12	,	,	PUNCT
iiclr-17591	531	13	the	the	DET
iiclr-17591	531	14	financial	financial	ADJ
iiclr-17591	531	15	statements	statement	NOUN
iiclr-17591	531	16	and	and	CCONJ
iiclr-17591	531	17	other	other	ADJ
iiclr-17591	531	18	relevant	relevant	ADJ
iiclr-17591	531	19	data	datum	NOUN
iiclr-17591	531	20	on	on	ADP
iiclr-17591	531	21	listed	list	VERB
iiclr-17591	531	22	and	and	CCONJ
iiclr-17591	531	23	unlisted	unlisted	ADJ
iiclr-17591	531	24	companies	company	NOUN
iiclr-17591	531	25	.	.	PUNCT
iiclr-17591	532	1	it	it	PRON
iiclr-17591	532	2	is	be	AUX
iiclr-17591	532	3	accessible	accessible	ADJ
iiclr-17591	532	4	to	to	ADP
iiclr-17591	532	5	everyone	everyone	PRON
iiclr-17591	532	6	in	in	ADP
iiclr-17591	532	7	person	person	NOUN
iiclr-17591	532	8	or	or	CCONJ
iiclr-17591	532	9	by	by	ADP
iiclr-17591	532	10	on	on	ADP
iiclr-17591	532	11	-	-	PUNCT
iiclr-17591	532	12	line	line	NOUN
iiclr-17591	532	13	service	service	NOUN
iiclr-17591	532	14	.	.	PUNCT
iiclr-17591	533	1	once	once	SCONJ
iiclr-17591	533	2	the	the	DET
iiclr-17591	533	3	corporation	corporation	NOUN
iiclr-17591	533	4	has	have	AUX
iiclr-17591	533	5	been	be	AUX
iiclr-17591	533	6	properly	properly	ADV
iiclr-17591	533	7	represented	represent	VERB
iiclr-17591	533	8	by	by	ADP
iiclr-17591	533	9	the	the	DET
iiclr-17591	533	10	director(s)/officer(s	director(s)/officer(s	NOUN
iiclr-17591	533	11	)	)	PUNCT
iiclr-17591	533	12	authorized	authorize	VERB
iiclr-17591	533	13	by	by	ADP
iiclr-17591	533	14	the	the	DET
iiclr-17591	533	15	charter	charter	NOUN
iiclr-17591	533	16	,	,	PUNCT
iiclr-17591	533	17	every	every	DET
iiclr-17591	533	18	question	question	NOUN
iiclr-17591	533	19	of	of	ADP
iiclr-17591	533	20	existence	existence	NOUN
iiclr-17591	533	21	of	of	ADP
iiclr-17591	533	22	authority	authority	NOUN
iiclr-17591	533	23	is	be	AUX
iiclr-17591	533	24	irrelevant	irrelevant	ADJ
iiclr-17591	533	25	for	for	ADP
iiclr-17591	533	26	the	the	DET
iiclr-17591	533	27	third	third	ADJ
iiclr-17591	533	28	party	party	NOUN
iiclr-17591	533	29	under	under	ADP
iiclr-17591	533	30	c.c	c.c	PROPN
iiclr-17591	533	31	.	.	PROPN
iiclr-17591	533	32	art	art	NOUN
iiclr-17591	533	33	.	.	PUNCT
iiclr-17591	534	1	2384(2	2384(2	X
iiclr-17591	534	2	)	)	PUNCT
iiclr-17591	534	3	(	(	PUNCT
iiclr-17591	534	4	italy	italy	PROPN
iiclr-17591	534	5	)	)	PUNCT
iiclr-17591	534	6	(	(	PUNCT
iiclr-17591	534	7	except	except	SCONJ
iiclr-17591	534	8	in	in	ADP
iiclr-17591	534	9	those	those	DET
iiclr-17591	534	10	rare	rare	ADJ
iiclr-17591	534	11	cases	case	NOUN
iiclr-17591	534	12	in	in	ADP
iiclr-17591	534	13	which	which	PRON
iiclr-17591	534	14	the	the	DET
iiclr-17591	534	15	third	third	ADJ
iiclr-17591	534	16	party	party	NOUN
iiclr-17591	534	17	acted	act	VERB
iiclr-17591	534	18	fraudulently	fraudulently	ADV
iiclr-17591	534	19	)	)	PUNCT
iiclr-17591	534	20	.	.	PUNCT
iiclr-17591	535	1	moreover	moreover	ADV
iiclr-17591	535	2	,	,	PUNCT
iiclr-17591	535	3	c.c	c.c	PROPN
iiclr-17591	535	4	.	.	PROPN
iiclr-17591	535	5	art	art	NOUN
iiclr-17591	535	6	.	.	PUNCT
iiclr-17591	536	1	2384	2384	NUM
iiclr-17591	536	2	-	-	PUNCT
iiclr-17591	536	3	bis	bis	X
iiclr-17591	536	4	(	(	PUNCT
iiclr-17591	536	5	italy	italy	PROPN
iiclr-17591	536	6	)	)	PUNCT
iiclr-17591	536	7	establishes	establish	VERB
iiclr-17591	536	8	that	that	SCONJ
iiclr-17591	536	9	the	the	DET
iiclr-17591	536	10	ultra	ultra	ADJ
iiclr-17591	536	11	vires	vis	NOUN
iiclr-17591	536	12	defense	defense	NOUN
iiclr-17591	536	13	can	can	AUX
iiclr-17591	536	14	not	not	PART
iiclr-17591	536	15	be	be	AUX
iiclr-17591	536	16	used	use	VERB
iiclr-17591	536	17	against	against	ADP
iiclr-17591	536	18	a	a	DET
iiclr-17591	536	19	third	third	ADJ
iiclr-17591	536	20	party	party	NOUN
iiclr-17591	536	21	in	in	ADP
iiclr-17591	536	22	good	good	ADJ
iiclr-17591	536	23	faith	faith	NOUN
iiclr-17591	536	24	,	,	PUNCT
iiclr-17591	536	25	with	with	ADP
iiclr-17591	536	26	the	the	DET
iiclr-17591	536	27	company	company	NOUN
iiclr-17591	536	28	having	have	VERB
iiclr-17591	536	29	the	the	DET
iiclr-17591	536	30	burden	burden	NOUN
iiclr-17591	536	31	of	of	ADP
iiclr-17591	536	32	proving	prove	VERB
iiclr-17591	536	33	bad	bad	ADJ
iiclr-17591	536	34	faith	faith	NOUN
iiclr-17591	536	35	.	.	PUNCT
iiclr-17591	537	1	every	every	DET
iiclr-17591	537	2	violation	violation	NOUN
iiclr-17591	537	3	of	of	ADP
iiclr-17591	537	4	the	the	DET
iiclr-17591	537	5	charter	charter	NOUN
iiclr-17591	537	6	or	or	CCONJ
iiclr-17591	537	7	other	other	ADJ
iiclr-17591	537	8	internal	internal	ADJ
iiclr-17591	537	9	rules	rule	NOUN
iiclr-17591	537	10	will	will	AUX
iiclr-17591	537	11	give	give	VERB
iiclr-17591	537	12	rise	rise	NOUN
iiclr-17591	537	13	to	to	ADP
iiclr-17591	537	14	the	the	DET
iiclr-17591	537	15	liability	liability	NOUN
iiclr-17591	537	16	of	of	ADP
iiclr-17591	537	17	the	the	DET
iiclr-17591	537	18	agent	agent	NOUN
iiclr-17591	537	19	,	,	PUNCT
iiclr-17591	537	20	but	but	CCONJ
iiclr-17591	537	21	absent	absent	ADJ
iiclr-17591	537	22	exceptional	exceptional	ADJ
iiclr-17591	537	23	circumstances	circumstance	NOUN
iiclr-17591	537	24	,	,	PUNCT
iiclr-17591	537	25	will	will	AUX
iiclr-17591	537	26	not	not	PART
iiclr-17591	537	27	affect	affect	VERB
iiclr-17591	537	28	the	the	DET
iiclr-17591	537	29	third	third	ADJ
iiclr-17591	537	30	party	party	NOUN
iiclr-17591	537	31	.	.	PUNCT
iiclr-17591	538	1	for	for	ADP
iiclr-17591	538	2	instance	instance	NOUN
iiclr-17591	538	3	,	,	PUNCT
iiclr-17591	538	4	if	if	SCONJ
iiclr-17591	538	5	the	the	DET
iiclr-17591	538	6	charter	charter	NOUN
iiclr-17591	538	7	gives	give	VERB
iiclr-17591	538	8	the	the	DET
iiclr-17591	538	9	president	president	NOUN
iiclr-17591	538	10	of	of	ADP
iiclr-17591	538	11	the	the	DET
iiclr-17591	538	12	company	company	NOUN
iiclr-17591	538	13	authority	authority	NOUN
iiclr-17591	538	14	to	to	PART
iiclr-17591	538	15	bind	bind	VERB
iiclr-17591	538	16	the	the	DET
iiclr-17591	538	17	corporation	corporation	NOUN
iiclr-17591	538	18	,	,	PUNCT
iiclr-17591	538	19	the	the	DET
iiclr-17591	538	20	party	party	NOUN
iiclr-17591	538	21	contracting	contracting	NOUN
iiclr-17591	538	22	with	with	ADP
iiclr-17591	538	23	him	he	PRON
iiclr-17591	538	24	can	can	AUX
iiclr-17591	538	25	,	,	PUNCT
iiclr-17591	538	26	under	under	ADP
iiclr-17591	538	27	c.c	c.c	PROPN
iiclr-17591	538	28	.	.	PROPN
iiclr-17591	538	29	art	art	NOUN
iiclr-17591	538	30	.	.	PUNCT
iiclr-17591	539	1	2384(2	2384(2	X
iiclr-17591	539	2	)	)	PUNCT
iiclr-17591	539	3	(	(	PUNCT
iiclr-17591	539	4	italy	italy	PROPN
iiclr-17591	539	5	)	)	PUNCT
iiclr-17591	539	6	,	,	PUNCT
iiclr-17591	539	7	enforce	enforce	VERB
iiclr-17591	539	8	the	the	DET
iiclr-17591	539	9	contract	contract	NOUN
iiclr-17591	539	10	even	even	ADV
iiclr-17591	539	11	if	if	SCONJ
iiclr-17591	539	12	a	a	DET
iiclr-17591	539	13	board	board	NOUN
iiclr-17591	539	14	's	's	PART
iiclr-17591	539	15	resolution	resolution	NOUN
iiclr-17591	539	16	,	,	PUNCT
iiclr-17591	539	17	or	or	CCONJ
iiclr-17591	539	18	the	the	DET
iiclr-17591	539	19	charter	charter	NOUN
iiclr-17591	539	20	itself	itself	PRON
iiclr-17591	539	21	,	,	PUNCT
iiclr-17591	539	22	requires	require	VERB
iiclr-17591	539	23	that	that	DET
iiclr-17591	539	24	kind	kind	NOUN
iiclr-17591	539	25	of	of	ADP
iiclr-17591	539	26	contract	contract	NOUN
iiclr-17591	539	27	be	be	AUX
iiclr-17591	539	28	authorized	authorize	VERB
iiclr-17591	539	29	by	by	ADP
iiclr-17591	539	30	the	the	DET
iiclr-17591	539	31	board	board	NOUN
iiclr-17591	539	32	.	.	PUNCT
iiclr-17591	540	1	the	the	DET
iiclr-17591	540	2	result	result	NOUN
iiclr-17591	540	3	is	be	AUX
iiclr-17591	540	4	the	the	DET
iiclr-17591	540	5	same	same	ADJ
iiclr-17591	540	6	,	,	PUNCT
iiclr-17591	540	7	under	under	ADP
iiclr-17591	540	8	c.c	c.c	PROPN
iiclr-17591	540	9	.	.	PROPN
iiclr-17591	540	10	art	art	PROPN
iiclr-17591	540	11	.	.	PUNCT
iiclr-17591	541	1	2384	2384	NUM
iiclr-17591	541	2	-	-	PUNCT
iiclr-17591	541	3	bis	bis	X
iiclr-17591	541	4	(	(	PUNCT
iiclr-17591	541	5	italy	italy	PROPN
iiclr-17591	541	6	)	)	PUNCT
iiclr-17591	541	7	,	,	PUNCT
iiclr-17591	541	8	if	if	SCONJ
iiclr-17591	541	9	the	the	DET
iiclr-17591	541	10	company	company	NOUN
iiclr-17591	541	11	claims	claim	VERB
iiclr-17591	541	12	that	that	SCONJ
iiclr-17591	541	13	the	the	DET
iiclr-17591	541	14	contract	contract	NOUN
iiclr-17591	541	15	does	do	AUX
iiclr-17591	541	16	not	not	PART
iiclr-17591	541	17	serve	serve	VERB
iiclr-17591	541	18	its	its	PRON
iiclr-17591	541	19	business	business	NOUN
iiclr-17591	541	20	purpose	purpose	NOUN
iiclr-17591	541	21	as	as	SCONJ
iiclr-17591	541	22	stated	state	VERB
iiclr-17591	541	23	in	in	ADP
iiclr-17591	541	24	the	the	DET
iiclr-17591	541	25	charter	charter	NOUN
iiclr-17591	541	26	.	.	PUNCT
iiclr-17591	542	1	as	as	ADP
iiclr-17591	542	2	a	a	DET
iiclr-17591	542	3	matter	matter	NOUN
iiclr-17591	542	4	of	of	ADP
iiclr-17591	542	5	fact	fact	NOUN
iiclr-17591	542	6	,	,	PUNCT
iiclr-17591	542	7	notwithstanding	notwithstanding	ADP
iiclr-17591	542	8	that	that	SCONJ
iiclr-17591	542	9	italian	italian	ADJ
iiclr-17591	542	10	law	law	NOUN
iiclr-17591	542	11	does	do	AUX
iiclr-17591	542	12	not	not	PART
iiclr-17591	542	13	allow	allow	VERB
iiclr-17591	542	14	a	a	DET
iiclr-17591	542	15	general	general	ADJ
iiclr-17591	542	16	purpose	purpose	NOUN
iiclr-17591	542	17	clause	clause	NOUN
iiclr-17591	542	18	like	like	ADP
iiclr-17591	542	19	the	the	DET
iiclr-17591	542	20	one	one	NOUN
iiclr-17591	542	21	allowed	allow	VERB
iiclr-17591	542	22	by	by	ADP
iiclr-17591	542	23	§	§	PROPN
iiclr-17591	542	24	3.01	3.01	NUM
iiclr-17591	542	25	(	(	PUNCT
iiclr-17591	542	26	a	a	NOUN
iiclr-17591	542	27	)	)	PUNCT
iiclr-17591	542	28	of	of	ADP
iiclr-17591	542	29	the	the	DET
iiclr-17591	542	30	rmbca	rmbca	NOUN
iiclr-17591	542	31	,	,	PUNCT
iiclr-17591	542	32	italian	italian	ADJ
iiclr-17591	542	33	courts	court	NOUN
iiclr-17591	542	34	are	be	AUX
iiclr-17591	542	35	reluctant	reluctant	ADJ
iiclr-17591	542	36	to	to	PART
iiclr-17591	542	37	allow	allow	VERB
iiclr-17591	542	38	any	any	DET
iiclr-17591	542	39	kind	kind	NOUN
iiclr-17591	542	40	of	of	ADP
iiclr-17591	542	41	ultra	ultra	ADJ
iiclr-17591	542	42	vires	vis	NOUN
iiclr-17591	542	43	claims	claim	NOUN
iiclr-17591	542	44	,	,	PUNCT
iiclr-17591	542	45	except	except	SCONJ
iiclr-17591	542	46	in	in	ADP
iiclr-17591	542	47	egregious	egregious	ADJ
iiclr-17591	542	48	cases	case	NOUN
iiclr-17591	542	49	in	in	ADP
iiclr-17591	542	50	which	which	PRON
iiclr-17591	542	51	the	the	DET
iiclr-17591	542	52	bad	bad	ADJ
iiclr-17591	542	53	faith	faith	NOUN
iiclr-17591	542	54	is	be	AUX
iiclr-17591	542	55	apparent	apparent	ADJ
iiclr-17591	542	56	.	.	PUNCT
iiclr-17591	543	1	(	(	PUNCT
iiclr-17591	543	2	compare	compare	NOUN
iiclr-17591	543	3	.	.	PUNCT
iiclr-17591	544	1	e.g.	e.g.	ADV
iiclr-17591	544	2	,	,	PUNCT
iiclr-17591	544	3	judgment	judgment	NOUN
iiclr-17591	544	4	of	of	ADP
iiclr-17591	544	5	june	june	PROPN
iiclr-17591	544	6	15	15	NUM
iiclr-17591	544	7	,	,	PUNCT
iiclr-17591	544	8	1989	1989	NUM
iiclr-17591	544	9	,	,	PUNCT
iiclr-17591	544	10	no	no	NOUN
iiclr-17591	544	11	.	.	NOUN
iiclr-17591	544	12	2876	2876	NUM
iiclr-17591	544	13	,	,	PUNCT
iiclr-17591	544	14	cass	cass	PROPN
iiclr-17591	544	15	.	.	PUNCT
iiclr-17591	544	16	civ	civ	PROPN
iiclr-17591	544	17	.	.	PROPN
iiclr-17591	544	18	,	,	PUNCT
iiclr-17591	544	19	1989	1989	NUM
iiclr-17591	544	20	massimario	massimario	NOUN
iiclr-17591	544	21	del	del	PROPN
iiclr-17591	544	22	foro	foro	PROPN
iiclr-17591	544	23	rraliano	rraliano	VERB
iiclr-17591	544	24	424	424	NUM
iiclr-17591	544	25	(	(	PUNCT
iiclr-17591	544	26	remittal	remittal	NOUN
iiclr-17591	544	27	of	of	ADP
iiclr-17591	544	28	debt	debt	NOUN
iiclr-17591	544	29	[	[	X
iiclr-17591	544	30	vol	vol	NOUN
iiclr-17591	544	31	.	.	PUNCT
iiclr-17591	545	1	6:1	6:1	NUM
iiclr-17591	545	2	corporate	corporate	ADJ
iiclr-17591	545	3	governance	governance	NOUN
iiclr-17591	545	4	in	in	ADP
iiclr-17591	545	5	italy	italy	PROPN
iiclr-17591	545	6	the	the	DET
iiclr-17591	545	7	executive	executive	PROPN
iiclr-17591	545	8	committee	committee	PROPN
iiclr-17591	545	9	and/or	and/or	CCONJ
iiclr-17591	545	10	delegated	delegate	VERB
iiclr-17591	545	11	directors	director	NOUN
iiclr-17591	545	12	are	be	AUX
iiclr-17591	545	13	full	full	ADJ
iiclr-17591	545	14	-	-	PUNCT
iiclr-17591	545	15	time	time	NOUN
iiclr-17591	545	16	employees	employee	NOUN
iiclr-17591	545	17	of	of	ADP
iiclr-17591	545	18	the	the	DET
iiclr-17591	545	19	company	company	NOUN
iiclr-17591	545	20	,	,	PUNCT
iiclr-17591	545	21	while	while	SCONJ
iiclr-17591	545	22	other	other	ADJ
iiclr-17591	545	23	directors	director	NOUN
iiclr-17591	545	24	serve	serve	VERB
iiclr-17591	545	25	only	only	ADV
iiclr-17591	545	26	part	part	NOUN
iiclr-17591	545	27	-	-	PUNCT
iiclr-17591	545	28	time	time	NOUN
iiclr-17591	545	29	.	.	PUNCT
iiclr-17591	546	1	we	we	PRON
iiclr-17591	546	2	can	can	AUX
iiclr-17591	546	3	term	term	VERB
iiclr-17591	546	4	the	the	DET
iiclr-17591	546	5	former	former	ADJ
iiclr-17591	546	6	"	"	PUNCT
iiclr-17591	546	7	inside	inside	ADJ
iiclr-17591	546	8	directors	director	NOUN
iiclr-17591	546	9	/	/	SYM
iiclr-17591	546	10	officers	officer	NOUN
iiclr-17591	546	11	,	,	PUNCT
iiclr-17591	546	12	"	"	PUNCT
iiclr-17591	546	13	and	and	CCONJ
iiclr-17591	546	14	the	the	DET
iiclr-17591	546	15	latter	latter	ADJ
iiclr-17591	546	16	"	"	PUNCT
iiclr-17591	546	17	outside	outside	ADJ
iiclr-17591	546	18	directors	director	NOUN
iiclr-17591	546	19	.	.	PUNCT
iiclr-17591	547	1	,	,	PUNCT
iiclr-17591	547	2	54	54	NUM
iiclr-17591	547	3	the	the	DET
iiclr-17591	547	4	principal	principal	ADJ
iiclr-17591	547	5	duty	duty	NOUN
iiclr-17591	547	6	of	of	ADP
iiclr-17591	547	7	directors	director	NOUN
iiclr-17591	547	8	is	be	AUX
iiclr-17591	547	9	to	to	PART
iiclr-17591	547	10	manage	manage	VERB
iiclr-17591	547	11	the	the	DET
iiclr-17591	547	12	company	company	NOUN
iiclr-17591	547	13	in	in	ADP
iiclr-17591	547	14	the	the	DET
iiclr-17591	547	15	interests	interest	NOUN
iiclr-17591	547	16	of	of	ADP
iiclr-17591	547	17	the	the	DET
iiclr-17591	547	18	shareholders	shareholder	NOUN
iiclr-17591	547	19	.	.	PUNCT
iiclr-17591	548	1	specific	specific	ADJ
iiclr-17591	548	2	obligations	obligation	NOUN
iiclr-17591	548	3	to	to	ADP
iiclr-17591	548	4	the	the	DET
iiclr-17591	548	5	creditors	creditor	NOUN
iiclr-17591	548	6	,	,	PUNCT
iiclr-17591	548	7	imposed	impose	VERB
iiclr-17591	548	8	by	by	ADP
iiclr-17591	548	9	the	the	DET
iiclr-17591	548	10	general	general	ADJ
iiclr-17591	548	11	civil	civil	ADJ
iiclr-17591	548	12	law	law	NOUN
iiclr-17591	548	13	and	and	CCONJ
iiclr-17591	548	14	by	by	ADP
iiclr-17591	548	15	some	some	DET
iiclr-17591	548	16	specific	specific	ADJ
iiclr-17591	548	17	provisions	provision	NOUN
iiclr-17591	548	18	,	,	PUNCT
iiclr-17591	548	19	do	do	AUX
iiclr-17591	548	20	not	not	PART
iiclr-17591	548	21	create	create	VERB
iiclr-17591	548	22	a	a	DET
iiclr-17591	548	23	general	general	ADJ
iiclr-17591	548	24	duty	duty	NOUN
iiclr-17591	548	25	to	to	PART
iiclr-17591	548	26	act	act	VERB
iiclr-17591	548	27	in	in	ADP
iiclr-17591	548	28	the	the	DET
iiclr-17591	548	29	creditors	creditor	NOUN
iiclr-17591	548	30	'	'	PART
iiclr-17591	548	31	interest	interest	NOUN
iiclr-17591	548	32	.	.	PUNCT
iiclr-17591	549	1	55	55	NUM
iiclr-17591	549	2	moreover	moreover	ADV
iiclr-17591	549	3	,	,	PUNCT
iiclr-17591	549	4	even	even	ADV
iiclr-17591	549	5	if	if	SCONJ
iiclr-17591	549	6	a	a	DET
iiclr-17591	549	7	certain	certain	ADJ
iiclr-17591	549	8	amount	amount	NOUN
iiclr-17591	549	9	of	of	ADP
iiclr-17591	549	10	charitable	charitable	ADJ
iiclr-17591	549	11	contribution	contribution	NOUN
iiclr-17591	549	12	is	be	AUX
iiclr-17591	549	13	commonly	commonly	ADV
iiclr-17591	549	14	admitted	admit	VERB
iiclr-17591	549	15	,	,	PUNCT
iiclr-17591	549	16	6	6	NUM
iiclr-17591	549	17	a	a	DET
iiclr-17591	549	18	general	general	ADJ
iiclr-17591	549	19	duty	duty	NOUN
iiclr-17591	549	20	to	to	PART
iiclr-17591	549	21	act	act	VERB
iiclr-17591	549	22	in	in	ADP
iiclr-17591	549	23	the	the	DET
iiclr-17591	549	24	interest	interest	NOUN
iiclr-17591	549	25	of	of	ADP
iiclr-17591	549	26	without	without	ADP
iiclr-17591	549	27	immediate	immediate	ADJ
iiclr-17591	549	28	consideration	consideration	NOUN
iiclr-17591	549	29	held	hold	VERB
iiclr-17591	549	30	valid	valid	ADJ
iiclr-17591	549	31	)	)	PUNCT
iiclr-17591	549	32	,	,	PUNCT
iiclr-17591	549	33	with	with	ADP
iiclr-17591	549	34	appellate	appellate	ADJ
iiclr-17591	549	35	court	court	NOUN
iiclr-17591	549	36	of	of	ADP
iiclr-17591	549	37	turin	turin	PROPN
iiclr-17591	549	38	,	,	PUNCT
iiclr-17591	549	39	judgment	judgment	NOUN
iiclr-17591	549	40	of	of	ADP
iiclr-17591	549	41	oct	oct	PROPN
iiclr-17591	549	42	.	.	PROPN
iiclr-17591	549	43	18	18	NUM
iiclr-17591	549	44	,	,	PUNCT
iiclr-17591	549	45	1982	1982	NUM
iiclr-17591	549	46	,	,	PUNCT
iiclr-17591	549	47	1983	1983	NUM
iiclr-17591	549	48	dirrro	dirrro	PROPN
iiclr-17591	549	49	fallimentare	fallimentare	PROPN
iiclr-17591	549	50	ii	ii	PROPN
iiclr-17591	549	51	,	,	PUNCT
iiclr-17591	549	52	367	367	NUM
iiclr-17591	549	53	(	(	PUNCT
iiclr-17591	549	54	purchase	purchase	NOUN
iiclr-17591	549	55	of	of	ADP
iiclr-17591	549	56	a	a	DET
iiclr-17591	549	57	racing	race	VERB
iiclr-17591	549	58	car	car	NOUN
iiclr-17591	549	59	by	by	ADP
iiclr-17591	549	60	the	the	DET
iiclr-17591	549	61	president	president	NOUN
iiclr-17591	549	62	of	of	ADP
iiclr-17591	549	63	a	a	DET
iiclr-17591	549	64	small	small	ADJ
iiclr-17591	549	65	cooperative	cooperative	NOUN
iiclr-17591	549	66	voided	void	VERB
iiclr-17591	549	67	)	)	PUNCT
iiclr-17591	549	68	.	.	PUNCT
iiclr-17591	550	1	both	both	DET
iiclr-17591	550	2	c.c	c.c	PROPN
iiclr-17591	550	3	.	.	PROPN
iiclr-17591	550	4	art	art	NOUN
iiclr-17591	550	5	.	.	PUNCT
iiclr-17591	551	1	2384(2	2384(2	NUM
iiclr-17591	551	2	)	)	PUNCT
iiclr-17591	551	3	and	and	CCONJ
iiclr-17591	551	4	2384	2384	NUM
iiclr-17591	551	5	-	-	PUNCT
iiclr-17591	551	6	bis	bis	X
iiclr-17591	551	7	(	(	PUNCT
iiclr-17591	551	8	italy	italy	PROPN
iiclr-17591	551	9	)	)	PUNCT
iiclr-17591	551	10	ae	ae	PROPN
iiclr-17591	551	11	the	the	DET
iiclr-17591	551	12	result	result	NOUN
iiclr-17591	551	13	of	of	ADP
iiclr-17591	551	14	the	the	DET
iiclr-17591	551	15	implementation	implementation	NOUN
iiclr-17591	551	16	,	,	PUNCT
iiclr-17591	551	17	in	in	ADP
iiclr-17591	551	18	1969	1969	NUM
iiclr-17591	551	19	,	,	PUNCT
iiclr-17591	551	20	of	of	ADP
iiclr-17591	551	21	art	art	NOUN
iiclr-17591	551	22	.	.	PUNCT
iiclr-17591	552	1	9.1	9.1	NUM
iiclr-17591	552	2	and	and	CCONJ
iiclr-17591	552	3	9.2	9.2	NUM
iiclr-17591	552	4	.	.	PUNCT
iiclr-17591	552	5	,	,	PUNCT
iiclr-17591	552	6	respectively	respectively	ADV
iiclr-17591	552	7	,	,	PUNCT
iiclr-17591	552	8	of	of	ADP
iiclr-17591	552	9	the	the	DET
iiclr-17591	552	10	first	first	ADJ
iiclr-17591	552	11	european	european	ADJ
iiclr-17591	552	12	directive	directive	NOUN
iiclr-17591	552	13	on	on	ADP
iiclr-17591	552	14	company	company	NOUN
iiclr-17591	552	15	law	law	NOUN
iiclr-17591	552	16	.	.	PUNCT
iiclr-17591	553	1	the	the	DET
iiclr-17591	553	2	goal	goal	NOUN
iiclr-17591	553	3	of	of	ADP
iiclr-17591	553	4	the	the	DET
iiclr-17591	553	5	directive	directive	NOUN
iiclr-17591	553	6	,	,	PUNCT
iiclr-17591	553	7	in	in	ADP
iiclr-17591	553	8	this	this	DET
iiclr-17591	553	9	respect	respect	NOUN
iiclr-17591	553	10	,	,	PUNCT
iiclr-17591	553	11	was	be	AUX
iiclr-17591	553	12	to	to	PART
iiclr-17591	553	13	protect	protect	VERB
iiclr-17591	553	14	third	third	ADJ
iiclr-17591	553	15	parties	party	NOUN
iiclr-17591	553	16	,	,	PUNCT
iiclr-17591	553	17	then	then	ADV
iiclr-17591	553	18	reducing	reduce	VERB
iiclr-17591	553	19	the	the	DET
iiclr-17591	553	20	transaction	transaction	NOUN
iiclr-17591	553	21	costs	cost	NOUN
iiclr-17591	553	22	arising	arise	VERB
iiclr-17591	553	23	from	from	ADP
iiclr-17591	553	24	uncertainties	uncertainty	NOUN
iiclr-17591	553	25	concerning	concern	VERB
iiclr-17591	553	26	the	the	DET
iiclr-17591	553	27	corporate	corporate	ADJ
iiclr-17591	553	28	officers	officer	NOUN
iiclr-17591	553	29	'	'	PART
iiclr-17591	553	30	authority	authority	NOUN
iiclr-17591	553	31	to	to	PART
iiclr-17591	553	32	bind	bind	VERB
iiclr-17591	553	33	the	the	DET
iiclr-17591	553	34	corporation	corporation	NOUN
iiclr-17591	553	35	.	.	PUNCT
iiclr-17591	554	1	this	this	DET
iiclr-17591	554	2	approach	approach	NOUN
iiclr-17591	554	3	seems	seem	VERB
iiclr-17591	554	4	quite	quite	ADV
iiclr-17591	554	5	straightforward	straightforward	ADJ
iiclr-17591	554	6	,	,	PUNCT
iiclr-17591	554	7	and	and	CCONJ
iiclr-17591	554	8	seems	seem	VERB
iiclr-17591	554	9	much	much	ADV
iiclr-17591	554	10	more	more	ADV
iiclr-17591	554	11	effective	effective	ADJ
iiclr-17591	554	12	than	than	ADP
iiclr-17591	554	13	that	that	PRON
iiclr-17591	554	14	based	base	VERB
iiclr-17591	554	15	on	on	ADP
iiclr-17591	554	16	the	the	DET
iiclr-17591	554	17	socalled	socalled	ADJ
iiclr-17591	554	18	"	"	PUNCT
iiclr-17591	554	19	cheapest	cheap	ADJ
iiclr-17591	554	20	cost	cost	NOUN
iiclr-17591	554	21	avoider	avoider	NOUN
iiclr-17591	554	22	,	,	PUNCT
iiclr-17591	554	23	"	"	PUNCT
iiclr-17591	554	24	suggested	suggest	VERB
iiclr-17591	554	25	,	,	PUNCT
iiclr-17591	554	26	for	for	ADP
iiclr-17591	554	27	instance	instance	NOUN
iiclr-17591	554	28	,	,	PUNCT
iiclr-17591	554	29	by	by	ADP
iiclr-17591	554	30	robert	robert	PROPN
iiclr-17591	554	31	c.	c.	PROPN
iiclr-17591	554	32	clark	clark	PROPN
iiclr-17591	554	33	,	,	PUNCT
iiclr-17591	554	34	corporate	corporate	ADJ
iiclr-17591	554	35	law	law	NOUN
iiclr-17591	554	36	121	121	NUM
iiclr-17591	554	37	(	(	PUNCT
iiclr-17591	554	38	1986	1986	NUM
iiclr-17591	554	39	)	)	PUNCT
iiclr-17591	554	40	(	(	PUNCT
iiclr-17591	554	41	otherwise	otherwise	ADV
iiclr-17591	554	42	generally	generally	ADV
iiclr-17591	554	43	oriented	orient	VERB
iiclr-17591	554	44	toward	toward	ADP
iiclr-17591	554	45	a	a	DET
iiclr-17591	554	46	broad	broad	ADJ
iiclr-17591	554	47	protection	protection	NOUN
iiclr-17591	554	48	of	of	ADP
iiclr-17591	554	49	the	the	DET
iiclr-17591	554	50	third	third	ADJ
iiclr-17591	554	51	party	party	NOUN
iiclr-17591	554	52	)	)	PUNCT
iiclr-17591	554	53	,	,	PUNCT
iiclr-17591	554	54	and	and	CCONJ
iiclr-17591	554	55	by	by	ADP
iiclr-17591	554	56	william	william	PROPN
iiclr-17591	554	57	a.	a.	PROPN
iiclr-17591	554	58	klein	klein	PROPN
iiclr-17591	554	59	&	&	CCONJ
iiclr-17591	554	60	john	john	PROPN
iiclr-17591	554	61	c.	c.	PROPN
iiclr-17591	554	62	coffee	coffee	PROPN
iiclr-17591	554	63	,	,	PUNCT
iiclr-17591	554	64	jr	jr	PROPN
iiclr-17591	554	65	.	.	PROPN
iiclr-17591	554	66	,	,	PUNCT
iiclr-17591	554	67	business	business	NOUN
iiclr-17591	554	68	organization	organization	NOUN
iiclr-17591	554	69	and	and	CCONJ
iiclr-17591	554	70	finance	finance	NOUN
iiclr-17591	554	71	133	133	NUM
iiclr-17591	554	72	(	(	PUNCT
iiclr-17591	554	73	5th	5th	ADJ
iiclr-17591	554	74	ed	ed	NOUN
iiclr-17591	554	75	.	.	PROPN
iiclr-17591	554	76	1993	1993	NUM
iiclr-17591	554	77	)	)	PUNCT
iiclr-17591	555	1	(	(	PUNCT
iiclr-17591	555	2	stressing	stress	VERB
iiclr-17591	555	3	economic	economic	ADJ
iiclr-17591	555	4	efficiency	efficiency	NOUN
iiclr-17591	555	5	)	)	PUNCT
iiclr-17591	555	6	.	.	PUNCT
iiclr-17591	556	1	true	true	ADJ
iiclr-17591	556	2	,	,	PUNCT
iiclr-17591	556	3	the	the	DET
iiclr-17591	556	4	third	third	ADJ
iiclr-17591	556	5	party	party	NOUN
iiclr-17591	556	6	can	can	AUX
iiclr-17591	556	7	sometimes	sometimes	ADV
iiclr-17591	556	8	easily	easily	ADV
iiclr-17591	556	9	ascertain	ascertain	VERB
iiclr-17591	556	10	the	the	DET
iiclr-17591	556	11	authority	authority	NOUN
iiclr-17591	556	12	of	of	ADP
iiclr-17591	556	13	the	the	DET
iiclr-17591	556	14	corporate	corporate	ADJ
iiclr-17591	556	15	officer	officer	NOUN
iiclr-17591	556	16	;	;	PUNCT
iiclr-17591	556	17	however	however	ADV
iiclr-17591	556	18	,	,	PUNCT
iiclr-17591	556	19	substantial	substantial	ADJ
iiclr-17591	556	20	costs	cost	NOUN
iiclr-17591	556	21	arise	arise	VERB
iiclr-17591	556	22	from	from	ADP
iiclr-17591	556	23	the	the	DET
iiclr-17591	556	24	need	need	NOUN
iiclr-17591	556	25	to	to	PART
iiclr-17591	556	26	repeat	repeat	VERB
iiclr-17591	556	27	the	the	DET
iiclr-17591	556	28	operation	operation	NOUN
iiclr-17591	556	29	for	for	ADP
iiclr-17591	556	30	every	every	DET
iiclr-17591	556	31	non	non	ADJ
iiclr-17591	556	32	-	-	ADJ
iiclr-17591	556	33	trivial	trivial	ADJ
iiclr-17591	556	34	transaction	transaction	NOUN
iiclr-17591	556	35	,	,	PUNCT
iiclr-17591	556	36	as	as	ADV
iiclr-17591	556	37	well	well	ADV
iiclr-17591	556	38	as	as	ADP
iiclr-17591	556	39	from	from	ADP
iiclr-17591	556	40	the	the	DET
iiclr-17591	556	41	litigation	litigation	NOUN
iiclr-17591	556	42	that	that	SCONJ
iiclr-17591	556	43	even	even	ADV
iiclr-17591	556	44	the	the	DET
iiclr-17591	556	45	least	least	ADJ
iiclr-17591	556	46	uncertainty	uncertainty	NOUN
iiclr-17591	556	47	about	about	ADP
iiclr-17591	556	48	corporate	corporate	ADJ
iiclr-17591	556	49	authority	authority	NOUN
iiclr-17591	556	50	usually	usually	ADV
iiclr-17591	556	51	sparks	spark	VERB
iiclr-17591	556	52	when	when	SCONJ
iiclr-17591	556	53	appropriately	appropriately	ADV
iiclr-17591	556	54	big	big	ADJ
iiclr-17591	556	55	interests	interest	NOUN
iiclr-17591	556	56	are	be	AUX
iiclr-17591	556	57	at	at	ADP
iiclr-17591	556	58	stake	stake	NOUN
iiclr-17591	556	59	.	.	PUNCT
iiclr-17591	557	1	the	the	DET
iiclr-17591	557	2	choice	choice	NOUN
iiclr-17591	557	3	seems	seem	VERB
iiclr-17591	557	4	somewhat	somewhat	ADV
iiclr-17591	557	5	a	a	DET
iiclr-17591	557	6	policy	policy	NOUN
iiclr-17591	557	7	one	one	NUM
iiclr-17591	557	8	.	.	PUNCT
iiclr-17591	558	1	who	who	PRON
iiclr-17591	558	2	should	should	AUX
iiclr-17591	558	3	bear	bear	VERB
iiclr-17591	558	4	the	the	DET
iiclr-17591	558	5	cost	cost	NOUN
iiclr-17591	558	6	of	of	ADP
iiclr-17591	558	7	the	the	DET
iiclr-17591	558	8	directors	director	NOUN
iiclr-17591	558	9	'	'	PART
iiclr-17591	558	10	violation	violation	NOUN
iiclr-17591	558	11	?	?	PUNCT
iiclr-17591	559	1	the	the	DET
iiclr-17591	559	2	european	european	ADJ
iiclr-17591	559	3	answer	answer	NOUN
iiclr-17591	559	4	is	be	AUX
iiclr-17591	559	5	the	the	DET
iiclr-17591	559	6	shareholders	shareholder	NOUN
iiclr-17591	559	7	,	,	PUNCT
iiclr-17591	559	8	while	while	SCONJ
iiclr-17591	559	9	the	the	DET
iiclr-17591	559	10	american	american	ADJ
iiclr-17591	559	11	answer	answer	NOUN
iiclr-17591	559	12	varies	vary	VERB
iiclr-17591	559	13	,	,	PUNCT
iiclr-17591	559	14	depending	depend	VERB
iiclr-17591	559	15	on	on	ADP
iiclr-17591	559	16	the	the	DET
iiclr-17591	559	17	circumstances	circumstance	NOUN
iiclr-17591	559	18	.	.	PUNCT
iiclr-17591	560	1	perhaps	perhaps	ADV
iiclr-17591	560	2	these	these	DET
iiclr-17591	560	3	different	different	ADJ
iiclr-17591	560	4	solutions	solution	NOUN
iiclr-17591	560	5	can	can	AUX
iiclr-17591	560	6	be	be	AUX
iiclr-17591	560	7	seen	see	VERB
iiclr-17591	560	8	as	as	ADP
iiclr-17591	560	9	a	a	DET
iiclr-17591	560	10	result	result	NOUN
iiclr-17591	560	11	of	of	ADP
iiclr-17591	560	12	the	the	DET
iiclr-17591	560	13	different	different	ADJ
iiclr-17591	560	14	positions	position	NOUN
iiclr-17591	560	15	of	of	ADP
iiclr-17591	560	16	european	european	ADJ
iiclr-17591	560	17	and	and	CCONJ
iiclr-17591	560	18	american	american	ADJ
iiclr-17591	560	19	shareholders	shareholder	NOUN
iiclr-17591	560	20	:	:	PUNCT
iiclr-17591	560	21	as	as	ADP
iiclr-17591	560	22	a	a	DET
iiclr-17591	560	23	matter	matter	NOUN
iiclr-17591	560	24	of	of	ADP
iiclr-17591	560	25	fact	fact	NOUN
iiclr-17591	560	26	,	,	PUNCT
iiclr-17591	560	27	european	european	ADJ
iiclr-17591	560	28	shareholders	shareholder	NOUN
iiclr-17591	560	29	are	be	AUX
iiclr-17591	560	30	typically	typically	ADV
iiclr-17591	560	31	strong	strong	ADJ
iiclr-17591	560	32	and	and	CCONJ
iiclr-17591	560	33	influential	influential	ADJ
iiclr-17591	560	34	,	,	PUNCT
iiclr-17591	560	35	while	while	SCONJ
iiclr-17591	560	36	their	their	PRON
iiclr-17591	560	37	american	american	ADJ
iiclr-17591	560	38	counterparts	counterpart	NOUN
iiclr-17591	560	39	are	be	AUX
iiclr-17591	560	40	typically	typically	ADV
iiclr-17591	560	41	"	"	PUNCT
iiclr-17591	560	42	weak	weak	ADJ
iiclr-17591	560	43	"	"	PUNCT
iiclr-17591	560	44	(	(	PUNCT
iiclr-17591	560	45	see	see	VERB
iiclr-17591	560	46	roe	roe	NOUN
iiclr-17591	560	47	,	,	PUNCT
iiclr-17591	560	48	supra	supra	PROPN
iiclr-17591	560	49	note	note	PROPN
iiclr-17591	560	50	16	16	NUM
iiclr-17591	560	51	,	,	PUNCT
iiclr-17591	560	52	for	for	ADP
iiclr-17591	560	53	a	a	DET
iiclr-17591	560	54	thorough	thorough	ADJ
iiclr-17591	560	55	analysis	analysis	NOUN
iiclr-17591	560	56	of	of	ADP
iiclr-17591	560	57	the	the	DET
iiclr-17591	560	58	phenomenon	phenomenon	NOUN
iiclr-17591	560	59	and	and	CCONJ
iiclr-17591	560	60	of	of	ADP
iiclr-17591	560	61	its	its	PRON
iiclr-17591	560	62	possible	possible	ADJ
iiclr-17591	560	63	economic	economic	ADJ
iiclr-17591	560	64	and	and	CCONJ
iiclr-17591	560	65	political	political	ADJ
iiclr-17591	560	66	causes	cause	NOUN
iiclr-17591	560	67	)	)	PUNCT
iiclr-17591	560	68	.	.	PUNCT
iiclr-17591	561	1	the	the	DET
iiclr-17591	561	2	approach	approach	NOUN
iiclr-17591	561	3	of	of	ADP
iiclr-17591	561	4	the	the	DET
iiclr-17591	561	5	american	american	ADJ
iiclr-17591	561	6	courts	court	NOUN
iiclr-17591	561	7	may	may	AUX
iiclr-17591	561	8	thus	thus	ADV
iiclr-17591	561	9	be	be	AUX
iiclr-17591	561	10	seen	see	VERB
iiclr-17591	561	11	as	as	ADP
iiclr-17591	561	12	a	a	DET
iiclr-17591	561	13	(	(	PUNCT
iiclr-17591	561	14	weak	weak	ADJ
iiclr-17591	561	15	and	and	CCONJ
iiclr-17591	561	16	probably	probably	ADV
iiclr-17591	561	17	costly	costly	ADJ
iiclr-17591	561	18	)	)	PUNCT
iiclr-17591	561	19	way	way	NOUN
iiclr-17591	561	20	of	of	ADP
iiclr-17591	561	21	protecting	protect	VERB
iiclr-17591	561	22	"	"	PUNCT
iiclr-17591	561	23	weak	weak	ADJ
iiclr-17591	561	24	owners	owner	NOUN
iiclr-17591	561	25	"	"	PUNCT
iiclr-17591	561	26	against	against	ADP
iiclr-17591	561	27	strong	strong	ADJ
iiclr-17591	561	28	and	and	CCONJ
iiclr-17591	561	29	potentially	potentially	ADV
iiclr-17591	561	30	unaccountable	unaccountable	ADJ
iiclr-17591	561	31	managers	manager	NOUN
iiclr-17591	561	32	.	.	PUNCT
iiclr-17591	562	1	54	54	NUM
iiclr-17591	562	2	.	.	PUNCT
iiclr-17591	563	1	we	we	PRON
iiclr-17591	563	2	can	can	AUX
iiclr-17591	563	3	also	also	ADV
iiclr-17591	563	4	consider	consider	VERB
iiclr-17591	563	5	"	"	PUNCT
iiclr-17591	563	6	officers	officer	NOUN
iiclr-17591	563	7	"	"	PUNCT
iiclr-17591	563	8	the	the	DET
iiclr-17591	563	9	"	"	PUNCT
iiclr-17591	563	10	direttori	direttori	NOUN
iiclr-17591	563	11	generali	generali	NOUN
iiclr-17591	563	12	,	,	PUNCT
iiclr-17591	563	13	"	"	PUNCT
iiclr-17591	563	14	described	describe	VERB
iiclr-17591	563	15	supra	supra	PROPN
iiclr-17591	563	16	note	note	PROPN
iiclr-17591	563	17	52	52	NUM
iiclr-17591	563	18	,	,	PUNCT
iiclr-17591	563	19	making	make	VERB
iiclr-17591	563	20	it	it	PRON
iiclr-17591	563	21	clear	clear	ADJ
iiclr-17591	563	22	,	,	PUNCT
iiclr-17591	563	23	however	however	ADV
iiclr-17591	563	24	,	,	PUNCT
iiclr-17591	563	25	that	that	SCONJ
iiclr-17591	563	26	they	they	PRON
iiclr-17591	563	27	are	be	AUX
iiclr-17591	563	28	always	always	ADV
iiclr-17591	563	29	subordinated	subordinate	VERB
iiclr-17591	563	30	to	to	ADP
iiclr-17591	563	31	the	the	DET
iiclr-17591	563	32	board	board	NOUN
iiclr-17591	563	33	.	.	PUNCT
iiclr-17591	564	1	55	55	NUM
iiclr-17591	564	2	.	.	PUNCT
iiclr-17591	565	1	see	see	VERB
iiclr-17591	565	2	infra	infra	NOUN
iiclr-17591	565	3	note	note	VERB
iiclr-17591	565	4	89	89	NUM
iiclr-17591	565	5	for	for	ADP
iiclr-17591	565	6	a	a	DET
iiclr-17591	565	7	discussion	discussion	NOUN
iiclr-17591	565	8	of	of	ADP
iiclr-17591	565	9	the	the	DET
iiclr-17591	565	10	board	board	NOUN
iiclr-17591	565	11	's	's	PART
iiclr-17591	565	12	duty	duty	NOUN
iiclr-17591	565	13	to	to	ADP
iiclr-17591	565	14	creditors	creditor	NOUN
iiclr-17591	565	15	.	.	PUNCT
iiclr-17591	566	1	56	56	NUM
iiclr-17591	566	2	.	.	X
iiclr-17591	567	1	for	for	ADP
iiclr-17591	567	2	an	an	DET
iiclr-17591	567	3	important	important	ADJ
iiclr-17591	567	4	case	case	NOUN
iiclr-17591	567	5	involving	involve	VERB
iiclr-17591	567	6	a	a	DET
iiclr-17591	567	7	listed	list	VERB
iiclr-17591	567	8	company	company	NOUN
iiclr-17591	567	9	,	,	PUNCT
iiclr-17591	567	10	see	see	VERB
iiclr-17591	567	11	tribunal	tribunal	NOUN
iiclr-17591	567	12	of	of	ADP
iiclr-17591	567	13	perugia	perugia	PROPN
iiclr-17591	567	14	,	,	PUNCT
iiclr-17591	567	15	judgment	judgment	NOUN
iiclr-17591	567	16	of	of	ADP
iiclr-17591	567	17	apr	apr	PROPN
iiclr-17591	567	18	.	.	PROPN
iiclr-17591	567	19	26	26	NUM
iiclr-17591	567	20	,	,	PUNCT
iiclr-17591	567	21	1993	1993	NUM
iiclr-17591	567	22	,	,	PUNCT
iiclr-17591	567	23	1994	1994	NUM
iiclr-17591	567	24	foro	foro	PROPN
iiclr-17591	567	25	italiano	italiano	PROPN
iiclr-17591	567	26	i	i	PRON
iiclr-17591	567	27	,	,	PUNCT
iiclr-17591	567	28	261	261	NUM
iiclr-17591	567	29	(	(	PUNCT
iiclr-17591	567	30	upholding	uphold	VERB
iiclr-17591	567	31	a	a	DET
iiclr-17591	567	32	charter	charter	NOUN
iiclr-17591	567	33	provision	provision	NOUN
iiclr-17591	567	34	mandating	mandate	VERB
iiclr-17591	567	35	some	some	DET
iiclr-17591	567	36	yearly	yearly	ADV
iiclr-17591	567	37	charitable	charitable	ADJ
iiclr-17591	567	38	contributions	contribution	NOUN
iiclr-17591	567	39	)	)	PUNCT
iiclr-17591	567	40	;	;	PUNCT
iiclr-17591	567	41	see	see	VERB
iiclr-17591	567	42	generally	generally	ADV
iiclr-17591	567	43	disiano	disiano	VERB
iiclr-17591	567	44	preite	preite	ADJ
iiclr-17591	567	45	,	,	PUNCT
iiclr-17591	567	46	la	la	PROPN
iiclr-17591	567	47	destinazione	destinazione	PROPN
iiclr-17591	567	48	dei	dei	PROPN
iiclr-17591	567	49	risultati	risultati	PROPN
iiclr-17591	567	50	nei	nei	PROPN
iiclr-17591	567	51	contratti	contratti	NOUN
iiclr-17591	567	52	associativi	associativi	NOUN
iiclr-17591	567	53	209	209	NUM
iiclr-17591	567	54	-	-	SYM
iiclr-17591	567	55	10	10	NUM
iiclr-17591	567	56	(	(	PUNCT
iiclr-17591	567	57	1988	1988	NUM
iiclr-17591	567	58	)	)	PUNCT
iiclr-17591	567	59	(	(	PUNCT
iiclr-17591	567	60	enhancement	enhancement	NOUN
iiclr-17591	567	61	of	of	ADP
iiclr-17591	567	62	the	the	DET
iiclr-17591	567	63	interests	interest	NOUN
iiclr-17591	567	64	of	of	ADP
iiclr-17591	567	65	the	the	DET
iiclr-17591	567	66	shareholders	shareholder	NOUN
iiclr-17591	567	67	through	through	ADP
iiclr-17591	567	68	a	a	DET
iiclr-17591	567	69	reasonable	reasonable	ADJ
iiclr-17591	567	70	amount	amount	NOUN
iiclr-17591	567	71	of	of	ADP
iiclr-17591	567	72	charitable	charitable	ADJ
iiclr-17591	567	73	contributions	contribution	NOUN
iiclr-17591	567	74	)	)	PUNCT
iiclr-17591	567	75	.	.	PUNCT
iiclr-17591	568	1	a	a	DET
iiclr-17591	568	2	corporate	corporate	ADJ
iiclr-17591	568	3	charter	charter	NOUN
iiclr-17591	568	4	that	that	PRON
iiclr-17591	568	5	states	state	VERB
iiclr-17591	568	6	the	the	DET
iiclr-17591	568	7	goal	goal	NOUN
iiclr-17591	568	8	of	of	ADP
iiclr-17591	568	9	enhancing	enhance	VERB
iiclr-17591	568	10	interests	interest	NOUN
iiclr-17591	568	11	other	other	ADJ
iiclr-17591	568	12	than	than	ADP
iiclr-17591	568	13	making	make	VERB
iiclr-17591	568	14	and	and	CCONJ
iiclr-17591	568	15	distributing	distribute	VERB
iiclr-17591	568	16	money	money	NOUN
iiclr-17591	568	17	to	to	ADP
iiclr-17591	568	18	shareholders	shareholder	NOUN
iiclr-17591	568	19	is	be	AUX
iiclr-17591	568	20	commonly	commonly	ADV
iiclr-17591	568	21	considered	consider	VERB
iiclr-17591	568	22	void	void	ADJ
iiclr-17591	568	23	:	:	PUNCT
iiclr-17591	568	24	see	see	VERB
iiclr-17591	568	25	giorgiomarasa	giorgiomarasa	PROPN
iiclr-17591	568	26	,	,	PUNCT
iiclr-17591	568	27	le	le	X
iiclr-17591	568	28	societa	societa	PROPN
iiclr-17591	568	29	.	.	PUNCT
iiclr-17591	569	1	societa	societa	PROPN
iiclr-17591	569	2	in	in	ADP
iiclr-17591	569	3	generale	generale	PROPN
iiclr-17591	569	4	,	,	PUNCT
iiclr-17591	569	5	220	220	NUM
iiclr-17591	569	6	-	-	SYM
iiclr-17591	569	7	26	26	NUM
iiclr-17591	569	8	(	(	PUNCT
iiclr-17591	569	9	1991	1991	NUM
iiclr-17591	569	10	)	)	PUNCT
iiclr-17591	569	11	.	.	PUNCT
iiclr-17591	570	1	the	the	DET
iiclr-17591	570	2	main	main	ADJ
iiclr-17591	570	3	argument	argument	NOUN
iiclr-17591	570	4	,	,	PUNCT
iiclr-17591	570	5	which	which	PRON
iiclr-17591	570	6	i	i	PRON
iiclr-17591	570	7	will	will	AUX
iiclr-17591	570	8	not	not	PART
iiclr-17591	570	9	discuss	discuss	VERB
iiclr-17591	570	10	here	here	ADV
iiclr-17591	570	11	,	,	PUNCT
iiclr-17591	570	12	justifying	justify	VERB
iiclr-17591	570	13	this	this	DET
iiclr-17591	570	14	draconian	draconian	ADJ
iiclr-17591	570	15	conclusion	conclusion	NOUN
iiclr-17591	570	16	is	be	AUX
iiclr-17591	570	17	the	the	DET
iiclr-17591	570	18	following	follow	VERB
iiclr-17591	570	19	:	:	PUNCT
iiclr-17591	570	20	limited	limited	ADJ
iiclr-17591	570	21	liability	liability	NOUN
iiclr-17591	570	22	is	be	AUX
iiclr-17591	570	23	a	a	DET
iiclr-17591	570	24	privilege	privilege	NOUN
iiclr-17591	570	25	that	that	SCONJ
iiclr-17591	570	26	the	the	DET
iiclr-17591	570	27	legal	legal	ADJ
iiclr-17591	570	28	system	system	NOUN
iiclr-17591	570	29	grants	grant	NOUN
iiclr-17591	570	30	only	only	ADV
iiclr-17591	570	31	for	for	ADP
iiclr-17591	570	32	limited	limited	ADJ
iiclr-17591	570	33	purposes	purpose	NOUN
iiclr-17591	570	34	;	;	PUNCT
iiclr-17591	570	35	different	different	ADJ
iiclr-17591	570	36	legal	legal	ADJ
iiclr-17591	570	37	structures	structure	NOUN
iiclr-17591	570	38	and	and	CCONJ
iiclr-17591	570	39	different	different	ADJ
iiclr-17591	570	40	incorporating	incorporate	VERB
iiclr-17591	570	41	procedures	procedure	NOUN
iiclr-17591	570	42	grant	grant	VERB
iiclr-17591	570	43	limited	limited	ADJ
iiclr-17591	570	44	liability	liability	NOUN
iiclr-17591	570	45	for	for	ADP
iiclr-17591	570	46	nondividend	nondividend	NOUN
iiclr-17591	570	47	purposes	purpose	NOUN
iiclr-17591	570	48	(	(	PUNCT
iiclr-17591	570	49	cooperatives	cooperative	NOUN
iiclr-17591	570	50	,	,	PUNCT
iiclr-17591	570	51	consortia	consortia	NOUN
iiclr-17591	570	52	)	)	PUNCT
iiclr-17591	570	53	,	,	PUNCT
iiclr-17591	570	54	or	or	CCONJ
iiclr-17591	570	55	for	for	ADP
iiclr-17591	570	56	non	non	ADJ
iiclr-17591	570	57	-	-	ADJ
iiclr-17591	570	58	profit	profit	ADJ
iiclr-17591	570	59	purposes	purpose	NOUN
iiclr-17591	570	60	(	(	PUNCT
iiclr-17591	570	61	associations	association	NOUN
iiclr-17591	570	62	,	,	PUNCT
iiclr-17591	570	63	foundations	foundation	NOUN
iiclr-17591	570	64	)	)	PUNCT
iiclr-17591	570	65	.	.	PUNCT
iiclr-17591	571	1	therefore	therefore	ADV
iiclr-17591	571	2	,	,	PUNCT
iiclr-17591	571	3	an	an	DET
iiclr-17591	571	4	indirect	indirect	ADJ
iiclr-17591	571	5	use	use	NOUN
iiclr-17591	571	6	of	of	ADP
iiclr-17591	571	7	the	the	DET
iiclr-17591	571	8	corporate	corporate	ADJ
iiclr-17591	571	9	form	form	NOUN
iiclr-17591	571	10	is	be	AUX
iiclr-17591	571	11	unlawful	unlawful	ADJ
iiclr-17591	571	12	.	.	PUNCT
iiclr-17591	572	1	19951	19951	NUM
iiclr-17591	572	2	ind	ind	NOUN
iiclr-17591	572	3	.	.	PUNCT
iiclr-17591	573	1	int'l	int'l	PROPN
iiclr-17591	573	2	&	&	CCONJ
iiclr-17591	573	3	comp	comp	PROPN
iiclr-17591	573	4	.	.	PUNCT
iiclr-17591	574	1	l	l	PROPN
iiclr-17591	574	2	rev	rev	PROPN
iiclr-17591	574	3	.	.	PUNCT
iiclr-17591	575	1	constituencies	constituency	NOUN
iiclr-17591	575	2	other	other	ADJ
iiclr-17591	575	3	than	than	ADP
iiclr-17591	575	4	the	the	DET
iiclr-17591	575	5	shareholders	shareholder	NOUN
iiclr-17591	575	6	or	or	CCONJ
iiclr-17591	575	7	of	of	ADP
iiclr-17591	575	8	the	the	DET
iiclr-17591	575	9	community	community	NOUN
iiclr-17591	575	10	at	at	ADP
iiclr-17591	575	11	large	large	ADJ
iiclr-17591	575	12	does	do	AUX
iiclr-17591	575	13	not	not	PART
iiclr-17591	575	14	exist	exist	VERB
iiclr-17591	575	15	.	.	PUNCT
iiclr-17591	575	16	"	"	PUNCT
iiclr-17591	576	1	as	as	SCONJ
iiclr-17591	576	2	directors	director	NOUN
iiclr-17591	576	3	'	'	PART
iiclr-17591	576	4	liability	liability	NOUN
iiclr-17591	576	5	is	be	AUX
iiclr-17591	576	6	the	the	DET
iiclr-17591	576	7	main	main	ADJ
iiclr-17591	576	8	subject	subject	NOUN
iiclr-17591	576	9	of	of	ADP
iiclr-17591	576	10	this	this	DET
iiclr-17591	576	11	paper	paper	NOUN
iiclr-17591	576	12	,	,	PUNCT
iiclr-17591	576	13	we	we	PRON
iiclr-17591	576	14	will	will	AUX
iiclr-17591	576	15	examine	examine	VERB
iiclr-17591	576	16	it	it	PRON
iiclr-17591	576	17	extensively	extensively	ADV
iiclr-17591	576	18	later	later	ADV
iiclr-17591	576	19	.	.	PUNCT
iiclr-17591	577	1	3	3	X
iiclr-17591	577	2	.	.	X
iiclr-17591	577	3	the	the	DET
iiclr-17591	577	4	board	board	NOUN
iiclr-17591	577	5	of	of	ADP
iiclr-17591	577	6	auditors	auditor	NOUN
iiclr-17591	577	7	.	.	PUNCT
iiclr-17591	578	1	the	the	DET
iiclr-17591	578	2	board	board	NOUN
iiclr-17591	578	3	of	of	ADP
iiclr-17591	578	4	auditors	auditor	NOUN
iiclr-17591	578	5	,	,	PUNCT
iiclr-17591	578	6	probably	probably	ADV
iiclr-17591	578	7	the	the	DET
iiclr-17591	578	8	most	most	ADV
iiclr-17591	578	9	peculiar	peculiar	ADJ
iiclr-17591	578	10	aspect	aspect	NOUN
iiclr-17591	578	11	of	of	ADP
iiclr-17591	578	12	the	the	DET
iiclr-17591	578	13	italian	italian	ADJ
iiclr-17591	578	14	corporate	corporate	ADJ
iiclr-17591	578	15	governance	governance	NOUN
iiclr-17591	578	16	system	system	NOUN
iiclr-17591	578	17	,	,	PUNCT
iiclr-17591	578	18	is	be	AUX
iiclr-17591	578	19	composed	compose	VERB
iiclr-17591	578	20	of	of	ADP
iiclr-17591	578	21	independent	independent	ADJ
iiclr-17591	578	22	professionals	professional	NOUN
iiclr-17591	578	23	entrusted	entrust	VERB
iiclr-17591	578	24	by	by	ADP
iiclr-17591	578	25	the	the	DET
iiclr-17591	578	26	shareholders	shareholder	NOUN
iiclr-17591	578	27	with	with	ADP
iiclr-17591	578	28	the	the	DET
iiclr-17591	578	29	supervision	supervision	NOUN
iiclr-17591	578	30	of	of	ADP
iiclr-17591	578	31	the	the	DET
iiclr-17591	578	32	directors	director	NOUN
iiclr-17591	578	33	.	.	PUNCT
iiclr-17591	579	1	the	the	DET
iiclr-17591	579	2	manner	manner	NOUN
iiclr-17591	579	3	in	in	ADP
iiclr-17591	579	4	which	which	PRON
iiclr-17591	579	5	auditors	auditor	NOUN
iiclr-17591	579	6	are	be	AUX
iiclr-17591	579	7	elected	elect	VERB
iiclr-17591	579	8	is	be	AUX
iiclr-17591	579	9	identical	identical	ADJ
iiclr-17591	579	10	to	to	ADP
iiclr-17591	579	11	that	that	PRON
iiclr-17591	579	12	of	of	ADP
iiclr-17591	579	13	directors	director	NOUN
iiclr-17591	579	14	:	:	PUNCT
iiclr-17591	579	15	the	the	DET
iiclr-17591	579	16	shareholders	shareholder	NOUN
iiclr-17591	579	17	elect	elect	VERB
iiclr-17591	579	18	all	all	DET
iiclr-17591	579	19	the	the	DET
iiclr-17591	579	20	members	member	NOUN
iiclr-17591	579	21	of	of	ADP
iiclr-17591	579	22	the	the	DET
iiclr-17591	579	23	board	board	NOUN
iiclr-17591	579	24	,	,	PUNCT
iiclr-17591	579	25	and	and	CCONJ
iiclr-17591	579	26	,	,	PUNCT
iiclr-17591	579	27	unless	unless	SCONJ
iiclr-17591	579	28	the	the	DET
iiclr-17591	579	29	charter	charter	NOUN
iiclr-17591	579	30	so	so	ADV
iiclr-17591	579	31	provides	provide	VERB
iiclr-17591	579	32	,	,	PUNCT
iiclr-17591	579	33	no	no	DET
iiclr-17591	579	34	representation	representation	NOUN
iiclr-17591	579	35	is	be	AUX
iiclr-17591	579	36	granted	grant	VERB
iiclr-17591	579	37	to	to	ADP
iiclr-17591	579	38	the	the	DET
iiclr-17591	579	39	minority	minority	NOUN
iiclr-17591	579	40	.	.	PUNCT
iiclr-17591	580	1	the	the	DET
iiclr-17591	580	2	board	board	NOUN
iiclr-17591	580	3	is	be	AUX
iiclr-17591	580	4	composed	compose	VERB
iiclr-17591	580	5	of	of	ADP
iiclr-17591	580	6	either	either	PRON
iiclr-17591	580	7	three	three	NUM
iiclr-17591	580	8	or	or	CCONJ
iiclr-17591	580	9	five	five	NUM
iiclr-17591	580	10	members	member	NOUN
iiclr-17591	580	11	,	,	PUNCT
iiclr-17591	580	12	plus	plus	CCONJ
iiclr-17591	580	13	two	two	NUM
iiclr-17591	580	14	substitutes	substitute	NOUN
iiclr-17591	580	15	for	for	ADP
iiclr-17591	580	16	possible	possible	ADJ
iiclr-17591	580	17	vacancies	vacancy	NOUN
iiclr-17591	580	18	.	.	PUNCT
iiclr-17591	581	1	a	a	DET
iiclr-17591	581	2	recent	recent	ADJ
iiclr-17591	581	3	reform	reform	NOUN
iiclr-17591	581	4	enacted	enact	VERB
iiclr-17591	581	5	in	in	ADP
iiclr-17591	581	6	compliance	compliance	NOUN
iiclr-17591	581	7	with	with	ADP
iiclr-17591	581	8	the	the	DET
iiclr-17591	581	9	eighth	eighth	ADJ
iiclr-17591	581	10	european	european	ADJ
iiclr-17591	581	11	directive	directive	NOUN
iiclr-17591	581	12	on	on	ADP
iiclr-17591	581	13	company	company	NOUN
iiclr-17591	581	14	law	law	NOUN
iiclr-17591	581	15	has	have	AUX
iiclr-17591	581	16	tightened	tighten	VERB
iiclr-17591	581	17	requirements	requirement	NOUN
iiclr-17591	581	18	for	for	ADP
iiclr-17591	581	19	serving	serve	VERB
iiclr-17591	581	20	on	on	ADP
iiclr-17591	581	21	the	the	DET
iiclr-17591	581	22	board,5	board,5	NOUN
iiclr-17591	581	23	"	"	PUNCT
iiclr-17591	581	24	providing	provide	VERB
iiclr-17591	581	25	that	that	SCONJ
iiclr-17591	581	26	all	all	DET
iiclr-17591	581	27	members	member	NOUN
iiclr-17591	581	28	be	be	AUX
iiclr-17591	581	29	chosen	choose	VERB
iiclr-17591	581	30	from	from	ADP
iiclr-17591	581	31	the	the	DET
iiclr-17591	581	32	roll	roll	NOUN
iiclr-17591	581	33	of	of	ADP
iiclr-17591	581	34	the	the	DET
iiclr-17591	581	35	57	57	NUM
iiclr-17591	581	36	.	.	PUNCT
iiclr-17591	582	1	the	the	DET
iiclr-17591	582	2	problem	problem	NOUN
iiclr-17591	582	3	of	of	ADP
iiclr-17591	582	4	the	the	DET
iiclr-17591	582	5	goal	goal	NOUN
iiclr-17591	582	6	of	of	ADP
iiclr-17591	582	7	public	public	ADJ
iiclr-17591	582	8	enterprise	enterprise	NOUN
iiclr-17591	582	9	is	be	AUX
iiclr-17591	582	10	a	a	DET
iiclr-17591	582	11	very	very	ADV
iiclr-17591	582	12	difficult	difficult	ADJ
iiclr-17591	582	13	one	one	NUM
iiclr-17591	582	14	,	,	PUNCT
iiclr-17591	582	15	especially	especially	ADV
iiclr-17591	582	16	when	when	SCONJ
iiclr-17591	582	17	the	the	DET
iiclr-17591	582	18	public	public	ADJ
iiclr-17591	582	19	sector	sector	NOUN
iiclr-17591	582	20	has	have	VERB
iiclr-17591	582	21	vast	vast	ADJ
iiclr-17591	582	22	proportions	proportion	NOUN
iiclr-17591	582	23	,	,	PUNCT
iiclr-17591	582	24	as	as	ADP
iiclr-17591	582	25	in	in	ADP
iiclr-17591	582	26	italy	italy	PROPN
iiclr-17591	582	27	.	.	PUNCT
iiclr-17591	583	1	it	it	PRON
iiclr-17591	583	2	has	have	AUX
iiclr-17591	583	3	long	long	ADV
iiclr-17591	583	4	been	be	AUX
iiclr-17591	583	5	debated	debate	VERB
iiclr-17591	583	6	whether	whether	SCONJ
iiclr-17591	583	7	the	the	DET
iiclr-17591	583	8	state	state	NOUN
iiclr-17591	583	9	should	should	AUX
iiclr-17591	583	10	use	use	VERB
iiclr-17591	583	11	the	the	DET
iiclr-17591	583	12	tool	tool	NOUN
iiclr-17591	583	13	of	of	ADP
iiclr-17591	583	14	the	the	DET
iiclr-17591	583	15	societa	societa	NOUN
iiclr-17591	583	16	per	per	ADP
iiclr-17591	583	17	azioni	azioni	X
iiclr-17591	583	18	to	to	PART
iiclr-17591	583	19	achieve	achieve	VERB
iiclr-17591	583	20	its	its	PRON
iiclr-17591	583	21	non	non	ADJ
iiclr-17591	583	22	-	-	ADJ
iiclr-17591	583	23	economic	economic	ADJ
iiclr-17591	583	24	(	(	PUNCT
iiclr-17591	583	25	or	or	CCONJ
iiclr-17591	583	26	non	non	ADJ
iiclr-17591	583	27	-	-	ADJ
iiclr-17591	583	28	purely	purely	ADV
iiclr-17591	583	29	economic	economic	ADJ
iiclr-17591	583	30	)	)	PUNCT
iiclr-17591	583	31	objectives	objective	NOUN
iiclr-17591	583	32	(	(	PUNCT
iiclr-17591	583	33	see	see	VERB
iiclr-17591	583	34	2	2	NUM
iiclr-17591	583	35	tullio	tullio	NOUN
iiclr-17591	583	36	ascarelli	ascarelli	NOUN
iiclr-17591	583	37	,	,	PUNCT
iiclr-17591	583	38	tipologia	tipologia	NOUN
iiclr-17591	583	39	delle	delle	NOUN
iiclr-17591	583	40	societd	societd	NOUN
iiclr-17591	583	41	per	per	ADP
iiclr-17591	583	42	azioni	azioni	PROPN
iiclr-17591	583	43	e	e	PROPN
iiclr-17591	583	44	disciplina	disciplina	PROPN
iiclr-17591	583	45	giuridica	giuridica	PROPN
iiclr-17591	583	46	,	,	PUNCT
iiclr-17591	583	47	in	in	ADP
iiclr-17591	583	48	problemi	problemi	PROPN
iiclr-17591	583	49	giuridici	giuridici	NOUN
iiclr-17591	583	50	1001	1001	NUM
iiclr-17591	583	51	,	,	PUNCT
iiclr-17591	583	52	1019	1019	NUM
iiclr-17591	583	53	-	-	SYM
iiclr-17591	583	54	23	23	NUM
iiclr-17591	583	55	(	(	PUNCT
iiclr-17591	583	56	1959	1959	NUM
iiclr-17591	583	57	)	)	PUNCT
iiclr-17591	583	58	)	)	PUNCT
iiclr-17591	584	1	(	(	PUNCT
iiclr-17591	584	2	no	no	DET
iiclr-17591	584	3	joint	joint	ADJ
iiclr-17591	584	4	state	state	NOUN
iiclr-17591	584	5	and	and	CCONJ
iiclr-17591	584	6	private	private	ADJ
iiclr-17591	584	7	ownership	ownership	NOUN
iiclr-17591	584	8	of	of	ADP
iiclr-17591	584	9	societaper	societaper	NOUN
iiclr-17591	584	10	azioni	azioni	PROPN
iiclr-17591	584	11	because	because	SCONJ
iiclr-17591	584	12	they	they	PRON
iiclr-17591	584	13	have	have	VERB
iiclr-17591	584	14	different	different	ADJ
iiclr-17591	584	15	goals	goal	NOUN
iiclr-17591	584	16	;	;	PUNCT
iiclr-17591	584	17	the	the	DET
iiclr-17591	584	18	public	public	ADJ
iiclr-17591	584	19	entity	entity	NOUN
iiclr-17591	584	20	form	form	VERB
iiclr-17591	584	21	better	well	ADV
iiclr-17591	584	22	suitable	suitable	ADJ
iiclr-17591	584	23	for	for	ADP
iiclr-17591	584	24	state	state	NOUN
iiclr-17591	584	25	enterprise	enterprise	NOUN
iiclr-17591	584	26	)	)	PUNCT
iiclr-17591	584	27	.	.	PUNCT
iiclr-17591	585	1	the	the	DET
iiclr-17591	585	2	trend	trend	NOUN
iiclr-17591	585	3	towards	towards	ADP
iiclr-17591	585	4	the	the	DET
iiclr-17591	585	5	general	general	ADJ
iiclr-17591	585	6	use	use	NOUN
iiclr-17591	585	7	of	of	ADP
iiclr-17591	585	8	the	the	DET
iiclr-17591	585	9	societd	societd	NOUN
iiclr-17591	585	10	per	per	ADP
iiclr-17591	585	11	azioni	azioni	PROPN
iiclr-17591	585	12	,	,	PUNCT
iiclr-17591	585	13	however	however	ADV
iiclr-17591	585	14	,	,	PUNCT
iiclr-17591	585	15	seems	seem	VERB
iiclr-17591	585	16	irreversible	irreversible	ADJ
iiclr-17591	585	17	at	at	ADP
iiclr-17591	585	18	the	the	DET
iiclr-17591	585	19	present	present	ADJ
iiclr-17591	585	20	moment	moment	NOUN
iiclr-17591	585	21	,	,	PUNCT
iiclr-17591	585	22	as	as	SCONJ
iiclr-17591	585	23	hundreds	hundred	NOUN
iiclr-17591	585	24	of	of	ADP
iiclr-17591	585	25	banks	bank	NOUN
iiclr-17591	585	26	and	and	CCONJ
iiclr-17591	585	27	other	other	ADJ
iiclr-17591	585	28	enterprises	enterprise	NOUN
iiclr-17591	585	29	have	have	AUX
iiclr-17591	585	30	recently	recently	ADV
iiclr-17591	585	31	been	be	AUX
iiclr-17591	585	32	changed	change	VERB
iiclr-17591	585	33	from	from	ADP
iiclr-17591	585	34	public	public	ADJ
iiclr-17591	585	35	entities	entity	NOUN
iiclr-17591	585	36	into	into	ADP
iiclr-17591	585	37	societa	societa	NOUN
iiclr-17591	585	38	per	per	ADP
iiclr-17591	585	39	azioni	azioni	X
iiclr-17591	585	40	(	(	PUNCT
iiclr-17591	585	41	see	see	VERB
iiclr-17591	585	42	infra	infra	NOUN
iiclr-17591	585	43	note	note	VERB
iiclr-17591	585	44	192	192	NUM
iiclr-17591	585	45	and	and	CCONJ
iiclr-17591	585	46	accompanying	accompany	VERB
iiclr-17591	585	47	text	text	NOUN
iiclr-17591	585	48	)	)	PUNCT
iiclr-17591	585	49	.	.	PUNCT
iiclr-17591	586	1	for	for	ADP
iiclr-17591	586	2	a	a	DET
iiclr-17591	586	3	brilliant	brilliant	ADJ
iiclr-17591	586	4	assessment	assessment	NOUN
iiclr-17591	586	5	of	of	ADP
iiclr-17591	586	6	the	the	DET
iiclr-17591	586	7	history	history	NOUN
iiclr-17591	586	8	of	of	ADP
iiclr-17591	586	9	the	the	DET
iiclr-17591	586	10	large	large	ADJ
iiclr-17591	586	11	public	public	ADJ
iiclr-17591	586	12	holdings	holding	NOUN
iiclr-17591	586	13	,	,	PUNCT
iiclr-17591	586	14	see	see	VERB
iiclr-17591	586	15	natalino	natalino	NOUN
iiclr-17591	586	16	irti	irti	PROPN
iiclr-17591	586	17	,	,	PUNCT
iiclr-17591	586	18	dall'ente	dall'ente	PROPN
iiclr-17591	586	19	pubblico	pubblico	PROPN
iiclr-17591	586	20	econornico	econornico	NOUN
iiclr-17591	586	21	alla	alla	PROPN
iiclr-17591	586	22	societa	societa	PROPN
iiclr-17591	586	23	per	per	ADP
iiclr-17591	586	24	azioni	azioni	X
iiclr-17591	586	25	(	(	PUNCT
iiclr-17591	586	26	profilo	profilo	PROPN
iiclr-17591	586	27	storico	storico	NOUN
iiclr-17591	586	28	-	-	NOUN
iiclr-17591	586	29	giuridico	giuridico	NOUN
iiclr-17591	586	30	)	)	PUNCT
iiclr-17591	586	31	,	,	PUNCT
iiclr-17591	586	32	1993	1993	NUM
iiclr-17591	586	33	rivista	rivista	NOUN
iiclr-17591	586	34	delle	delle	NOUN
iiclr-17591	586	35	sociera	sociera	NOUN
iiclr-17591	586	36	465	465	NUM
iiclr-17591	586	37	.	.	PUNCT
iiclr-17591	587	1	bonelli	bonelli	PROPN
iiclr-17591	587	2	,	,	PUNCT
iiclr-17591	587	3	supra	supra	PROPN
iiclr-17591	587	4	note	note	PROPN
iiclr-17591	587	5	35	35	NUM
iiclr-17591	587	6	,	,	PUNCT
iiclr-17591	587	7	at	at	ADP
iiclr-17591	587	8	19	19	NUM
iiclr-17591	587	9	-	-	SYM
iiclr-17591	587	10	21	21	NUM
iiclr-17591	587	11	,	,	PUNCT
iiclr-17591	587	12	discusses	discuss	VERB
iiclr-17591	587	13	in	in	ADP
iiclr-17591	587	14	detail	detail	NOUN
iiclr-17591	587	15	two	two	NUM
iiclr-17591	587	16	cases	case	NOUN
iiclr-17591	587	17	that	that	PRON
iiclr-17591	587	18	occurred	occur	VERB
iiclr-17591	587	19	some	some	DET
iiclr-17591	587	20	years	year	NOUN
iiclr-17591	587	21	ago	ago	ADV
iiclr-17591	587	22	,	,	PUNCT
iiclr-17591	587	23	which	which	PRON
iiclr-17591	587	24	well	well	ADV
iiclr-17591	587	25	illustrate	illustrate	VERB
iiclr-17591	587	26	the	the	DET
iiclr-17591	587	27	conflicts	conflict	NOUN
iiclr-17591	587	28	that	that	PRON
iiclr-17591	587	29	can	can	AUX
iiclr-17591	587	30	arise	arise	VERB
iiclr-17591	587	31	between	between	ADP
iiclr-17591	587	32	economic	economic	ADJ
iiclr-17591	587	33	structure	structure	NOUN
iiclr-17591	587	34	and	and	CCONJ
iiclr-17591	587	35	noneconomic	noneconomic	ADJ
iiclr-17591	587	36	goals	goal	NOUN
iiclr-17591	587	37	.	.	PUNCT
iiclr-17591	588	1	ente	ente	PROPN
iiclr-17591	588	2	nazionale	nazionale	PROPN
iiclr-17591	588	3	idrocaurburi	idrocaurburi	PROPN
iiclr-17591	588	4	,	,	PUNCT
iiclr-17591	588	5	or	or	CCONJ
iiclr-17591	588	6	eni	eni	NOUN
iiclr-17591	588	7	(	(	PUNCT
iiclr-17591	588	8	public	public	ADJ
iiclr-17591	588	9	entity	entity	NOUN
iiclr-17591	588	10	-	-	PUNCT
iiclr-17591	588	11	holding	holding	NOUN
iiclr-17591	588	12	,	,	PUNCT
iiclr-17591	588	13	now	now	ADV
iiclr-17591	588	14	societa	societa	PROPN
iiclr-17591	588	15	per	per	ADP
iiclr-17591	588	16	azioni	azioni	PROPN
iiclr-17591	588	17	)	)	PUNCT
iiclr-17591	588	18	,	,	PUNCT
iiclr-17591	588	19	wanted	want	VERB
iiclr-17591	588	20	to	to	PART
iiclr-17591	588	21	force	force	VERB
iiclr-17591	588	22	a	a	DET
iiclr-17591	588	23	subsidiary	subsidiary	NOUN
iiclr-17591	588	24	(	(	PUNCT
iiclr-17591	588	25	snam	snam	PROPN
iiclr-17591	588	26	s.p.a	s.p.a	PROPN
iiclr-17591	588	27	.	.	PUNCT
iiclr-17591	588	28	)	)	PUNCT
iiclr-17591	588	29	to	to	PART
iiclr-17591	588	30	enter	enter	VERB
iiclr-17591	588	31	into	into	ADP
iiclr-17591	588	32	a	a	DET
iiclr-17591	588	33	transaction	transaction	NOUN
iiclr-17591	588	34	with	with	ADP
iiclr-17591	588	35	the	the	DET
iiclr-17591	588	36	algerian	algerian	ADJ
iiclr-17591	588	37	government	government	NOUN
iiclr-17591	588	38	for	for	ADP
iiclr-17591	588	39	the	the	DET
iiclr-17591	588	40	supply	supply	NOUN
iiclr-17591	588	41	of	of	ADP
iiclr-17591	588	42	natural	natural	ADJ
iiclr-17591	588	43	gas	gas	NOUN
iiclr-17591	588	44	.	.	PUNCT
iiclr-17591	589	1	the	the	DET
iiclr-17591	589	2	transaction	transaction	NOUN
iiclr-17591	589	3	was	be	AUX
iiclr-17591	589	4	economically	economically	ADV
iiclr-17591	589	5	unfavorable	unfavorable	ADJ
iiclr-17591	589	6	for	for	ADP
iiclr-17591	589	7	the	the	DET
iiclr-17591	589	8	subsidiary	subsidiary	NOUN
iiclr-17591	589	9	,	,	PUNCT
iiclr-17591	589	10	but	but	CCONJ
iiclr-17591	589	11	politically	politically	ADV
iiclr-17591	589	12	important	important	ADJ
iiclr-17591	589	13	for	for	ADP
iiclr-17591	589	14	the	the	DET
iiclr-17591	589	15	italian	italian	ADJ
iiclr-17591	589	16	-	-	PUNCT
iiclr-17591	589	17	algerian	algerian	ADJ
iiclr-17591	589	18	relationship	relationship	NOUN
iiclr-17591	589	19	.	.	PUNCT
iiclr-17591	590	1	the	the	DET
iiclr-17591	590	2	directors	director	NOUN
iiclr-17591	590	3	of	of	ADP
iiclr-17591	590	4	the	the	DET
iiclr-17591	590	5	subsidiary	subsidiary	NOUN
iiclr-17591	590	6	,	,	PUNCT
iiclr-17591	590	7	claiming	claim	VERB
iiclr-17591	590	8	that	that	SCONJ
iiclr-17591	590	9	it	it	PRON
iiclr-17591	590	10	was	be	AUX
iiclr-17591	590	11	not	not	PART
iiclr-17591	590	12	the	the	DET
iiclr-17591	590	13	subsidiary	subsidiary	NOUN
iiclr-17591	590	14	's	's	PART
iiclr-17591	590	15	duty	duty	NOUN
iiclr-17591	590	16	to	to	PART
iiclr-17591	590	17	benefit	benefit	VERB
iiclr-17591	590	18	the	the	DET
iiclr-17591	590	19	country	country	NOUN
iiclr-17591	590	20	as	as	ADP
iiclr-17591	590	21	a	a	DET
iiclr-17591	590	22	whole	whole	NOUN
iiclr-17591	590	23	,	,	PUNCT
iiclr-17591	590	24	asked	ask	VERB
iiclr-17591	590	25	for	for	ADP
iiclr-17591	590	26	,	,	PUNCT
iiclr-17591	590	27	and	and	CCONJ
iiclr-17591	590	28	obtained	obtain	VERB
iiclr-17591	590	29	,	,	PUNCT
iiclr-17591	590	30	relief	relief	NOUN
iiclr-17591	590	31	from	from	ADP
iiclr-17591	590	32	the	the	DET
iiclr-17591	590	33	italian	italian	ADJ
iiclr-17591	590	34	government	government	NOUN
iiclr-17591	590	35	from	from	ADP
iiclr-17591	590	36	losses	loss	NOUN
iiclr-17591	590	37	arising	arise	VERB
iiclr-17591	590	38	from	from	ADP
iiclr-17591	590	39	the	the	DET
iiclr-17591	590	40	contract	contract	NOUN
iiclr-17591	590	41	.	.	PUNCT
iiclr-17591	591	1	the	the	DET
iiclr-17591	591	2	second	second	ADJ
iiclr-17591	591	3	case	case	NOUN
iiclr-17591	591	4	had	have	VERB
iiclr-17591	591	5	a	a	DET
iiclr-17591	591	6	different	different	ADJ
iiclr-17591	591	7	conclusion	conclusion	NOUN
iiclr-17591	591	8	.	.	PUNCT
iiclr-17591	592	1	the	the	DET
iiclr-17591	592	2	president	president	PROPN
iiclr-17591	592	3	of	of	ADP
iiclr-17591	592	4	alfa	alfa	PROPN
iiclr-17591	592	5	romeo	romeo	PROPN
iiclr-17591	592	6	s.p.a	s.p.a	PROPN
iiclr-17591	592	7	.	.	PROPN
iiclr-17591	592	8	,	,	PUNCT
iiclr-17591	592	9	a	a	DET
iiclr-17591	592	10	large	large	ADJ
iiclr-17591	592	11	car	car	NOUN
iiclr-17591	592	12	maker	maker	NOUN
iiclr-17591	592	13	then	then	ADV
iiclr-17591	592	14	controlled	control	VERB
iiclr-17591	592	15	by	by	ADP
iiclr-17591	592	16	istituto	istituto	X
iiclr-17591	592	17	per	per	X
iiclr-17591	592	18	la	la	X
iiclr-17591	592	19	ricostruzione	ricostruzione	X
iiclr-17591	592	20	industriale	industriale	NOUN
iiclr-17591	592	21	,	,	PUNCT
iiclr-17591	592	22	or	or	CCONJ
iiclr-17591	592	23	iri	iri	NOUN
iiclr-17591	592	24	(	(	PUNCT
iiclr-17591	592	25	also	also	ADV
iiclr-17591	592	26	a	a	DET
iiclr-17591	592	27	public	public	ADJ
iiclr-17591	592	28	entityholding	entityholding	NOUN
iiclr-17591	592	29	that	that	PRON
iiclr-17591	592	30	has	have	AUX
iiclr-17591	592	31	become	become	VERB
iiclr-17591	592	32	societa	societa	NOUN
iiclr-17591	592	33	per	per	ADP
iiclr-17591	592	34	azioni	azioni	PROPN
iiclr-17591	592	35	)	)	PUNCT
iiclr-17591	592	36	,	,	PUNCT
iiclr-17591	592	37	refused	refuse	VERB
iiclr-17591	592	38	to	to	PART
iiclr-17591	592	39	implement	implement	VERB
iiclr-17591	592	40	a	a	DET
iiclr-17591	592	41	"	"	PUNCT
iiclr-17591	592	42	directive	directive	NOUN
iiclr-17591	592	43	"	"	PUNCT
iiclr-17591	592	44	from	from	ADP
iiclr-17591	592	45	the	the	DET
iiclr-17591	592	46	parent	parent	NOUN
iiclr-17591	592	47	entity	entity	NOUN
iiclr-17591	592	48	.	.	PUNCT
iiclr-17591	593	1	the	the	DET
iiclr-17591	593	2	directive	directive	NOUN
iiclr-17591	593	3	,	,	PUNCT
iiclr-17591	593	4	which	which	PRON
iiclr-17591	593	5	had	have	VERB
iiclr-17591	593	6	clear	clear	ADJ
iiclr-17591	593	7	social	social	ADJ
iiclr-17591	593	8	,	,	PUNCT
iiclr-17591	593	9	rather	rather	ADV
iiclr-17591	593	10	than	than	ADP
iiclr-17591	593	11	economic	economic	ADJ
iiclr-17591	593	12	,	,	PUNCT
iiclr-17591	593	13	purposes	purpose	NOUN
iiclr-17591	593	14	,	,	PUNCT
iiclr-17591	593	15	required	require	VERB
iiclr-17591	593	16	alfa	alfa	PROPN
iiclr-17591	593	17	romeo	romeo	PROPN
iiclr-17591	593	18	s.p.a	s.p.a	PROPN
iiclr-17591	593	19	.	.	PUNCT
iiclr-17591	594	1	to	to	PART
iiclr-17591	594	2	build	build	VERB
iiclr-17591	594	3	a	a	DET
iiclr-17591	594	4	new	new	ADJ
iiclr-17591	594	5	plant	plant	NOUN
iiclr-17591	594	6	in	in	ADP
iiclr-17591	594	7	the	the	DET
iiclr-17591	594	8	naples	naples	PROPN
iiclr-17591	594	9	area	area	NOUN
iiclr-17591	594	10	instead	instead	ADV
iiclr-17591	594	11	of	of	ADP
iiclr-17591	594	12	one	one	NUM
iiclr-17591	594	13	close	close	ADV
iiclr-17591	594	14	to	to	ADP
iiclr-17591	594	15	the	the	DET
iiclr-17591	594	16	existing	exist	VERB
iiclr-17591	594	17	plants	plant	NOUN
iiclr-17591	594	18	.	.	PUNCT
iiclr-17591	595	1	iri	iri	NOUN
iiclr-17591	595	2	,	,	PUNCT
iiclr-17591	595	3	availing	avail	VERB
iiclr-17591	595	4	itself	itself	PRON
iiclr-17591	595	5	of	of	ADP
iiclr-17591	595	6	its	its	PRON
iiclr-17591	595	7	powers	power	NOUN
iiclr-17591	595	8	as	as	ADP
iiclr-17591	595	9	majority	majority	NOUN
iiclr-17591	595	10	shareholder	shareholder	NOUN
iiclr-17591	595	11	(	(	PUNCT
iiclr-17591	595	12	even	even	ADV
iiclr-17591	595	13	if	if	SCONJ
iiclr-17591	595	14	in	in	ADP
iiclr-17591	595	15	an	an	DET
iiclr-17591	595	16	indirect	indirect	ADJ
iiclr-17591	595	17	way	way	NOUN
iiclr-17591	595	18	)	)	PUNCT
iiclr-17591	595	19	,	,	PUNCT
iiclr-17591	595	20	replaced	replace	VERB
iiclr-17591	595	21	the	the	DET
iiclr-17591	595	22	president	president	NOUN
iiclr-17591	595	23	of	of	ADP
iiclr-17591	595	24	alfa	alfa	PROPN
iiclr-17591	595	25	romeo	romeo	PROPN
iiclr-17591	595	26	.	.	PUNCT
iiclr-17591	596	1	58	58	NUM
iiclr-17591	596	2	.	.	PUNCT
iiclr-17591	597	1	the	the	DET
iiclr-17591	597	2	reform	reform	NOUN
iiclr-17591	597	3	was	be	AUX
iiclr-17591	597	4	implemented	implement	VERB
iiclr-17591	597	5	between	between	ADP
iiclr-17591	597	6	1992	1992	NUM
iiclr-17591	597	7	and	and	CCONJ
iiclr-17591	597	8	1994	1994	NUM
iiclr-17591	597	9	(	(	PUNCT
iiclr-17591	597	10	legislative	legislative	ADJ
iiclr-17591	597	11	decree	decree	NOUN
iiclr-17591	597	12	of	of	ADP
iiclr-17591	597	13	jan	jan	PROPN
iiclr-17591	597	14	.	.	PROPN
iiclr-17591	597	15	27	27	NUM
iiclr-17591	597	16	,	,	PUNCT
iiclr-17591	597	17	1992	1992	NUM
iiclr-17591	597	18	,	,	PUNCT
iiclr-17591	597	19	no	no	INTJ
iiclr-17591	597	20	.	.	NOUN
iiclr-17591	597	21	88	88	NUM
iiclr-17591	597	22	,	,	PUNCT
iiclr-17591	597	23	and	and	CCONJ
iiclr-17591	597	24	following	follow	VERB
iiclr-17591	597	25	regulations	regulation	NOUN
iiclr-17591	597	26	of	of	ADP
iiclr-17591	597	27	the	the	DET
iiclr-17591	597	28	minister	minister	NOUN
iiclr-17591	597	29	of	of	ADP
iiclr-17591	597	30	justice	justice	PROPN
iiclr-17591	597	31	)	)	PUNCT
iiclr-17591	597	32	.	.	PUNCT
iiclr-17591	598	1	[	[	X
iiclr-17591	598	2	vol	vol	NOUN
iiclr-17591	598	3	.	.	PUNCT
iiclr-17591	599	1	6:1i	6:1i	NUM
iiclr-17591	599	2	corporate	corporate	ADJ
iiclr-17591	599	3	governance	governance	NOUN
iiclr-17591	599	4	in	in	ADP
iiclr-17591	599	5	italy	italy	PROPN
iiclr-17591	599	6	"	"	PUNCT
iiclr-17591	599	7	revisori	revisori	PROPN
iiclr-17591	599	8	contabili	contabili	NOUN
iiclr-17591	599	9	"	"	PUNCT
iiclr-17591	600	1	[	[	X
iiclr-17591	600	2	auditors].59	auditors].59	NOUN
iiclr-17591	600	3	the	the	DET
iiclr-17591	600	4	roll	roll	NOUN
iiclr-17591	600	5	is	be	AUX
iiclr-17591	600	6	kept	keep	VERB
iiclr-17591	600	7	under	under	ADP
iiclr-17591	600	8	public	public	ADJ
iiclr-17591	600	9	supervision	supervision	NOUN
iiclr-17591	600	10	and	and	CCONJ
iiclr-17591	600	11	lists	list	VERB
iiclr-17591	600	12	persons	person	NOUN
iiclr-17591	600	13	with	with	ADP
iiclr-17591	600	14	a	a	DET
iiclr-17591	600	15	significant	significant	ADJ
iiclr-17591	600	16	curriculum	curriculum	NOUN
iiclr-17591	600	17	of	of	ADP
iiclr-17591	600	18	studies	study	NOUN
iiclr-17591	600	19	in	in	ADP
iiclr-17591	600	20	law	law	NOUN
iiclr-17591	600	21	,	,	PUNCT
iiclr-17591	600	22	business	business	NOUN
iiclr-17591	600	23	organization	organization	NOUN
iiclr-17591	600	24	and/or	and/or	CCONJ
iiclr-17591	600	25	accounting	accounting	NOUN
iiclr-17591	600	26	,	,	PUNCT
iiclr-17591	600	27	who	who	PRON
iiclr-17591	600	28	have	have	AUX
iiclr-17591	600	29	proven	prove	VERB
iiclr-17591	600	30	experience	experience	NOUN
iiclr-17591	600	31	in	in	ADP
iiclr-17591	600	32	practice	practice	NOUN
iiclr-17591	600	33	,	,	PUNCT
iiclr-17591	600	34	and	and	CCONJ
iiclr-17591	600	35	who	who	PRON
iiclr-17591	600	36	have	have	AUX
iiclr-17591	600	37	passed	pass	VERB
iiclr-17591	600	38	a	a	DET
iiclr-17591	600	39	special	special	ADJ
iiclr-17591	600	40	examination	examination	NOUN
iiclr-17591	600	41	.	.	PUNCT
iiclr-17591	601	1	typically	typically	ADV
iiclr-17591	601	2	,	,	PUNCT
iiclr-17591	601	3	auditors	auditor	NOUN
iiclr-17591	601	4	are	be	AUX
iiclr-17591	601	5	practicing	practice	VERB
iiclr-17591	601	6	professionals	professional	NOUN
iiclr-17591	601	7	who	who	PRON
iiclr-17591	601	8	serve	serve	VERB
iiclr-17591	601	9	on	on	ADP
iiclr-17591	601	10	the	the	DET
iiclr-17591	601	11	board	board	NOUN
iiclr-17591	601	12	of	of	ADP
iiclr-17591	601	13	more	more	ADJ
iiclr-17591	601	14	than	than	ADP
iiclr-17591	601	15	one	one	NUM
iiclr-17591	601	16	company	company	NOUN
iiclr-17591	601	17	.	.	PUNCT
iiclr-17591	602	1	the	the	DET
iiclr-17591	602	2	central	central	ADJ
iiclr-17591	602	3	idea	idea	NOUN
iiclr-17591	602	4	behind	behind	ADP
iiclr-17591	602	5	the	the	DET
iiclr-17591	602	6	legal	legal	ADJ
iiclr-17591	602	7	structure	structure	NOUN
iiclr-17591	602	8	of	of	ADP
iiclr-17591	602	9	the	the	DET
iiclr-17591	602	10	board	board	NOUN
iiclr-17591	602	11	of	of	ADP
iiclr-17591	602	12	auditors	auditor	NOUN
iiclr-17591	602	13	is	be	AUX
iiclr-17591	602	14	independence	independence	NOUN
iiclr-17591	602	15	.	.	PUNCT
iiclr-17591	603	1	relatives	relative	NOUN
iiclr-17591	603	2	of	of	ADP
iiclr-17591	603	3	the	the	DET
iiclr-17591	603	4	directors	director	NOUN
iiclr-17591	603	5	and	and	CCONJ
iiclr-17591	603	6	persons	person	NOUN
iiclr-17591	603	7	who	who	PRON
iiclr-17591	603	8	are	be	AUX
iiclr-17591	603	9	employees	employee	NOUN
iiclr-17591	603	10	or	or	CCONJ
iiclr-17591	603	11	who	who	PRON
iiclr-17591	603	12	are	be	AUX
iiclr-17591	603	13	otherwise	otherwise	ADV
iiclr-17591	603	14	compensated	compensate	VERB
iiclr-17591	603	15	on	on	ADP
iiclr-17591	603	16	a	a	DET
iiclr-17591	603	17	regular	regular	ADJ
iiclr-17591	603	18	basis	basis	NOUN
iiclr-17591	603	19	by	by	ADP
iiclr-17591	603	20	the	the	DET
iiclr-17591	603	21	company	company	NOUN
iiclr-17591	603	22	or	or	CCONJ
iiclr-17591	603	23	by	by	ADP
iiclr-17591	603	24	its	its	PRON
iiclr-17591	603	25	subsidiaries	subsidiary	NOUN
iiclr-17591	603	26	can	can	AUX
iiclr-17591	603	27	not	not	PART
iiclr-17591	603	28	be	be	AUX
iiclr-17591	603	29	elected	elect	VERB
iiclr-17591	603	30	as	as	ADP
iiclr-17591	603	31	auditors	auditor	NOUN
iiclr-17591	603	32	.	.	PUNCT
iiclr-17591	604	1	6	6	NUM
iiclr-17591	604	2	'	'	PART
iiclr-17591	604	3	auditors	auditor	NOUN
iiclr-17591	604	4	serve	serve	VERB
iiclr-17591	604	5	for	for	ADP
iiclr-17591	604	6	a	a	DET
iiclr-17591	604	7	period	period	NOUN
iiclr-17591	604	8	of	of	ADP
iiclr-17591	604	9	three	three	NUM
iiclr-17591	604	10	years	year	NOUN
iiclr-17591	604	11	,	,	PUNCT
iiclr-17591	604	12	and	and	CCONJ
iiclr-17591	604	13	unlike	unlike	ADP
iiclr-17591	604	14	directors	director	NOUN
iiclr-17591	604	15	,	,	PUNCT
iiclr-17591	604	16	they	they	PRON
iiclr-17591	604	17	can	can	AUX
iiclr-17591	604	18	be	be	AUX
iiclr-17591	604	19	removed	remove	VERB
iiclr-17591	604	20	exclusively	exclusively	ADV
iiclr-17591	604	21	for	for	ADP
iiclr-17591	604	22	cause	cause	NOUN
iiclr-17591	604	23	;	;	PUNCT
iiclr-17591	604	24	the	the	DET
iiclr-17591	604	25	shareholders	shareholder	NOUN
iiclr-17591	604	26	'	'	PART
iiclr-17591	604	27	removal	removal	NOUN
iiclr-17591	604	28	,	,	PUNCT
iiclr-17591	604	29	moreover	moreover	ADV
iiclr-17591	604	30	,	,	PUNCT
iiclr-17591	604	31	takes	take	VERB
iiclr-17591	604	32	effect	effect	NOUN
iiclr-17591	604	33	only	only	ADV
iiclr-17591	604	34	if	if	SCONJ
iiclr-17591	604	35	approved	approve	VERB
iiclr-17591	604	36	by	by	ADP
iiclr-17591	604	37	the	the	DET
iiclr-17591	604	38	court.6	court.6	PROPN
iiclr-17591	604	39	'	'	PART
iiclr-17591	604	40	auditors	auditor	NOUN
iiclr-17591	604	41	have	have	AUX
iiclr-17591	604	42	fixed	fix	VERB
iiclr-17591	604	43	compensation	compensation	NOUN
iiclr-17591	604	44	and	and	CCONJ
iiclr-17591	604	45	variable	variable	ADJ
iiclr-17591	604	46	risks	risk	NOUN
iiclr-17591	604	47	;	;	PUNCT
iiclr-17591	604	48	their	their	PRON
iiclr-17591	604	49	compensation	compensation	NOUN
iiclr-17591	604	50	is	be	AUX
iiclr-17591	604	51	fixed	fix	VERB
iiclr-17591	604	52	for	for	ADP
iiclr-17591	604	53	the	the	DET
iiclr-17591	604	54	entire	entire	ADJ
iiclr-17591	604	55	period	period	NOUN
iiclr-17591	604	56	of	of	ADP
iiclr-17591	604	57	service	service	NOUN
iiclr-17591	604	58	and	and	CCONJ
iiclr-17591	604	59	does	do	AUX
iiclr-17591	604	60	not	not	PART
iiclr-17591	604	61	depend	depend	VERB
iiclr-17591	604	62	on	on	ADP
iiclr-17591	604	63	the	the	DET
iiclr-17591	604	64	company	company	NOUN
iiclr-17591	604	65	's	's	PART
iiclr-17591	604	66	performance	performance	NOUN
iiclr-17591	604	67	.	.	PUNCT
iiclr-17591	605	1	the	the	DET
iiclr-17591	605	2	auditors	auditor	NOUN
iiclr-17591	605	3	'	'	PART
iiclr-17591	605	4	duties	duty	NOUN
iiclr-17591	605	5	are	be	AUX
iiclr-17591	605	6	basically	basically	ADV
iiclr-17591	605	7	monitoring	monitor	VERB
iiclr-17591	605	8	directors	director	NOUN
iiclr-17591	605	9	and	and	CCONJ
iiclr-17591	605	10	acting	act	VERB
iiclr-17591	605	11	in	in	ADP
iiclr-17591	605	12	the	the	DET
iiclr-17591	605	13	place	place	NOUN
iiclr-17591	605	14	of	of	ADP
iiclr-17591	605	15	the	the	DET
iiclr-17591	605	16	latter	latter	ADJ
iiclr-17591	605	17	if	if	SCONJ
iiclr-17591	605	18	they	they	PRON
iiclr-17591	605	19	refuse	refuse	VERB
iiclr-17591	605	20	to	to	PART
iiclr-17591	605	21	follow	follow	VERB
iiclr-17591	605	22	the	the	DET
iiclr-17591	605	23	rules	rule	NOUN
iiclr-17591	605	24	of	of	ADP
iiclr-17591	605	25	corporate	corporate	ADJ
iiclr-17591	605	26	governance	governance	NOUN
iiclr-17591	605	27	,	,	PUNCT
iiclr-17591	605	28	or	or	CCONJ
iiclr-17591	605	29	to	to	PART
iiclr-17591	605	30	accomplish	accomplish	VERB
iiclr-17591	605	31	specific	specific	ADJ
iiclr-17591	605	32	and	and	CCONJ
iiclr-17591	605	33	legally	legally	ADV
iiclr-17591	605	34	mandated	mandate	VERB
iiclr-17591	605	35	acts	act	NOUN
iiclr-17591	605	36	.	.	PUNCT
iiclr-17591	606	1	62	62	NUM
iiclr-17591	606	2	it	it	PRON
iiclr-17591	606	3	is	be	AUX
iiclr-17591	606	4	not	not	PART
iiclr-17591	606	5	the	the	DET
iiclr-17591	606	6	auditors	auditor	NOUN
iiclr-17591	606	7	'	'	PART
iiclr-17591	606	8	responsibility	responsibility	NOUN
iiclr-17591	606	9	to	to	PART
iiclr-17591	606	10	assess	assess	VERB
iiclr-17591	606	11	the	the	DET
iiclr-17591	606	12	appropriateness	appropriateness	NOUN
iiclr-17591	606	13	of	of	ADP
iiclr-17591	606	14	business	business	NOUN
iiclr-17591	606	15	decisions	decision	NOUN
iiclr-17591	606	16	made	make	VERB
iiclr-17591	606	17	by	by	ADP
iiclr-17591	606	18	the	the	DET
iiclr-17591	606	19	board	board	NOUN
iiclr-17591	606	20	of	of	ADP
iiclr-17591	606	21	directors	director	NOUN
iiclr-17591	606	22	.	.	PUNCT
iiclr-17591	607	1	in	in	ADP
iiclr-17591	607	2	other	other	ADJ
iiclr-17591	607	3	words	word	NOUN
iiclr-17591	607	4	,	,	PUNCT
iiclr-17591	607	5	the	the	DET
iiclr-17591	607	6	auditors	auditor	NOUN
iiclr-17591	607	7	'	'	PART
iiclr-17591	607	8	task	task	NOUN
iiclr-17591	607	9	is	be	AUX
iiclr-17591	607	10	to	to	PART
iiclr-17591	607	11	assure	assure	VERB
iiclr-17591	607	12	compliance	compliance	NOUN
iiclr-17591	607	13	with	with	ADP
iiclr-17591	607	14	the	the	DET
iiclr-17591	607	15	rules	rule	NOUN
iiclr-17591	607	16	set	set	VERB
iiclr-17591	607	17	forth	forth	ADP
iiclr-17591	607	18	in	in	ADP
iiclr-17591	607	19	the	the	DET
iiclr-17591	607	20	law	law	NOUN
iiclr-17591	607	21	and	and	CCONJ
iiclr-17591	607	22	the	the	DET
iiclr-17591	607	23	charter	charter	NOUN
iiclr-17591	607	24	,	,	PUNCT
iiclr-17591	607	25	not	not	PART
iiclr-17591	607	26	to	to	PART
iiclr-17591	607	27	review	review	VERB
iiclr-17591	607	28	the	the	DET
iiclr-17591	607	29	conduct	conduct	NOUN
iiclr-17591	607	30	of	of	ADP
iiclr-17591	607	31	the	the	DET
iiclr-17591	607	32	board	board	NOUN
iiclr-17591	607	33	on	on	ADP
iiclr-17591	607	34	its	its	PRON
iiclr-17591	607	35	merits.63	merits.63	NOUN
iiclr-17591	607	36	59	59	NUM
iiclr-17591	607	37	.	.	PUNCT
iiclr-17591	608	1	c.c	c.c	PROPN
iiclr-17591	608	2	.	.	PROPN
iiclr-17591	608	3	art	art	PROPN
iiclr-17591	608	4	.	.	PUNCT
iiclr-17591	609	1	2397	2397	NUM
iiclr-17591	609	2	(	(	PUNCT
iiclr-17591	609	3	italy	italy	PROPN
iiclr-17591	609	4	)	)	PUNCT
iiclr-17591	609	5	.	.	PUNCT
iiclr-17591	610	1	professional	professional	ADJ
iiclr-17591	610	2	qualification	qualification	NOUN
iiclr-17591	610	3	was	be	AUX
iiclr-17591	610	4	previously	previously	ADV
iiclr-17591	610	5	required	require	VERB
iiclr-17591	610	6	only	only	ADV
iiclr-17591	610	7	for	for	ADP
iiclr-17591	610	8	part	part	NOUN
iiclr-17591	610	9	of	of	ADP
iiclr-17591	610	10	the	the	DET
iiclr-17591	610	11	members	member	NOUN
iiclr-17591	610	12	of	of	ADP
iiclr-17591	610	13	the	the	DET
iiclr-17591	610	14	board	board	NOUN
iiclr-17591	610	15	.	.	PUNCT
iiclr-17591	611	1	unfortunately	unfortunately	ADV
iiclr-17591	611	2	,	,	PUNCT
iiclr-17591	611	3	the	the	DET
iiclr-17591	611	4	reform	reform	NOUN
iiclr-17591	611	5	has	have	AUX
iiclr-17591	611	6	"	"	PUNCT
iiclr-17591	611	7	grandfathered	grandfathere	VERB
iiclr-17591	611	8	"	"	PUNCT
iiclr-17591	611	9	everyone	everyone	PRON
iiclr-17591	611	10	having	having	AUX
iiclr-17591	611	11	served	serve	VERB
iiclr-17591	611	12	as	as	ADP
iiclr-17591	611	13	a	a	DET
iiclr-17591	611	14	member	member	NOUN
iiclr-17591	611	15	of	of	ADP
iiclr-17591	611	16	the	the	DET
iiclr-17591	611	17	board	board	NOUN
iiclr-17591	611	18	of	of	ADP
iiclr-17591	611	19	auditors	auditor	NOUN
iiclr-17591	611	20	for	for	ADP
iiclr-17591	611	21	a	a	DET
iiclr-17591	611	22	certain	certain	ADJ
iiclr-17591	611	23	amount	amount	NOUN
iiclr-17591	611	24	of	of	ADP
iiclr-17591	611	25	time	time	NOUN
iiclr-17591	611	26	,	,	PUNCT
iiclr-17591	611	27	even	even	ADV
iiclr-17591	611	28	if	if	SCONJ
iiclr-17591	611	29	completely	completely	ADV
iiclr-17591	611	30	unqualified	unqualified	ADJ
iiclr-17591	611	31	,	,	PUNCT
iiclr-17591	611	32	allowing	allow	VERB
iiclr-17591	611	33	him	he	PRON
iiclr-17591	611	34	or	or	CCONJ
iiclr-17591	611	35	her	she	PRON
iiclr-17591	611	36	to	to	PART
iiclr-17591	611	37	continue	continue	VERB
iiclr-17591	611	38	to	to	PART
iiclr-17591	611	39	serve	serve	VERB
iiclr-17591	611	40	.	.	PUNCT
iiclr-17591	612	1	60	60	NUM
iiclr-17591	612	2	.	.	PUNCT
iiclr-17591	613	1	i	i	PRON
iiclr-17591	613	2	d.	d.	PROPN
iiclr-17591	613	3	art	art	PROPN
iiclr-17591	613	4	.	.	PUNCT
iiclr-17591	614	1	2399	2399	NUM
iiclr-17591	614	2	(	(	PUNCT
iiclr-17591	614	3	italy	italy	PROPN
iiclr-17591	614	4	)	)	PUNCT
iiclr-17591	614	5	.	.	PUNCT
iiclr-17591	615	1	61	61	NUM
iiclr-17591	615	2	.	.	PUNCT
iiclr-17591	616	1	i	i	PRON
iiclr-17591	616	2	d.	d.	PROPN
iiclr-17591	616	3	art	art	NOUN
iiclr-17591	616	4	.	.	PUNCT
iiclr-17591	617	1	2400(1	2400(1	NUM
iiclr-17591	617	2	-	-	SYM
iiclr-17591	617	3	2	2	NUM
iiclr-17591	617	4	)	)	PUNCT
iiclr-17591	617	5	(	(	PUNCT
iiclr-17591	617	6	italy	italy	PROPN
iiclr-17591	617	7	)	)	PUNCT
iiclr-17591	617	8	.	.	PUNCT
iiclr-17591	618	1	62	62	NUM
iiclr-17591	618	2	.	.	PUNCT
iiclr-17591	619	1	e.g.	e.g.	ADV
iiclr-17591	619	2	,	,	PUNCT
iiclr-17591	619	3	a	a	DET
iiclr-17591	619	4	mandatory	mandatory	ADJ
iiclr-17591	619	5	call	call	NOUN
iiclr-17591	619	6	for	for	ADP
iiclr-17591	619	7	shareholders	shareholder	NOUN
iiclr-17591	619	8	'	'	PART
iiclr-17591	619	9	meeting	meeting	NOUN
iiclr-17591	619	10	:	:	PUNCT
iiclr-17591	619	11	see	see	VERB
iiclr-17591	619	12	c.c	c.c	PROPN
iiclr-17591	619	13	.	.	PROPN
iiclr-17591	619	14	art	art	PROPN
iiclr-17591	619	15	.	.	PUNCT
iiclr-17591	620	1	2406	2406	NUM
iiclr-17591	620	2	(	(	PUNCT
iiclr-17591	620	3	italy	italy	PROPN
iiclr-17591	620	4	)	)	PUNCT
iiclr-17591	620	5	.	.	PUNCT
iiclr-17591	621	1	see	see	VERB
iiclr-17591	621	2	also	also	ADV
iiclr-17591	621	3	the	the	DET
iiclr-17591	621	4	corresponding	corresponding	ADJ
iiclr-17591	621	5	sanction	sanction	NOUN
iiclr-17591	621	6	for	for	ADP
iiclr-17591	621	7	its	its	PRON
iiclr-17591	621	8	violation	violation	NOUN
iiclr-17591	621	9	set	set	VERB
iiclr-17591	621	10	forth	forth	ADV
iiclr-17591	621	11	by	by	ADP
iiclr-17591	621	12	c.c	c.c	PROPN
iiclr-17591	621	13	.	.	PROPN
iiclr-17591	621	14	art	art	NOUN
iiclr-17591	621	15	.	.	PUNCT
iiclr-17591	622	1	2632	2632	NUM
iiclr-17591	622	2	(	(	PUNCT
iiclr-17591	622	3	italy	italy	PROPN
iiclr-17591	622	4	)	)	PUNCT
iiclr-17591	622	5	.	.	PUNCT
iiclr-17591	623	1	63	63	NUM
iiclr-17591	623	2	.	.	PUNCT
iiclr-17591	624	1	a	a	DET
iiclr-17591	624	2	recent	recent	ADJ
iiclr-17591	624	3	case	case	NOUN
iiclr-17591	624	4	sent	send	VERB
iiclr-17591	624	5	shockwaves	shockwave	NOUN
iiclr-17591	624	6	through	through	ADP
iiclr-17591	624	7	the	the	DET
iiclr-17591	624	8	corporate	corporate	ADJ
iiclr-17591	624	9	community	community	NOUN
iiclr-17591	624	10	.	.	PUNCT
iiclr-17591	625	1	judgment	judgment	NOUN
iiclr-17591	625	2	of	of	ADP
iiclr-17591	625	3	may	may	PROPN
iiclr-17591	625	4	7	7	NUM
iiclr-17591	625	5	,	,	PUNCT
iiclr-17591	625	6	1993	1993	NUM
iiclr-17591	625	7	,	,	PUNCT
iiclr-17591	625	8	no	no	INTJ
iiclr-17591	625	9	.	.	NOUN
iiclr-17591	625	10	5263	5263	NUM
iiclr-17591	625	11	,	,	PUNCT
iiclr-17591	625	12	cass	cass	PROPN
iiclr-17591	625	13	.	.	PUNCT
iiclr-17591	625	14	civ	civ	PROPN
iiclr-17591	625	15	.	.	PROPN
iiclr-17591	625	16	,	,	PUNCT
iiclr-17591	625	17	1994	1994	NUM
iiclr-17591	625	18	foro	foro	PROPN
iiclr-17591	625	19	italtano	italtano	VERB
iiclr-17591	625	20	i	i	PRON
iiclr-17591	625	21	,	,	PUNCT
iiclr-17591	625	22	130	130	NUM
iiclr-17591	625	23	,	,	PUNCT
iiclr-17591	625	24	found	find	VERB
iiclr-17591	625	25	auditors	auditor	NOUN
iiclr-17591	625	26	liable	liable	ADJ
iiclr-17591	625	27	for	for	ADP
iiclr-17591	625	28	lack	lack	NOUN
iiclr-17591	625	29	of	of	ADP
iiclr-17591	625	30	intervention	intervention	NOUN
iiclr-17591	625	31	against	against	ADP
iiclr-17591	625	32	a	a	DET
iiclr-17591	625	33	series	series	NOUN
iiclr-17591	625	34	of	of	ADP
iiclr-17591	625	35	negligent	negligent	ADJ
iiclr-17591	625	36	decisions	decision	NOUN
iiclr-17591	625	37	causing	cause	VERB
iiclr-17591	625	38	the	the	DET
iiclr-17591	625	39	company	company	NOUN
iiclr-17591	625	40	to	to	PART
iiclr-17591	625	41	spend	spend	VERB
iiclr-17591	625	42	a	a	DET
iiclr-17591	625	43	substantial	substantial	ADJ
iiclr-17591	625	44	amount	amount	NOUN
iiclr-17591	625	45	of	of	ADP
iiclr-17591	625	46	money	money	NOUN
iiclr-17591	625	47	in	in	ADP
iiclr-17591	625	48	partly	partly	ADV
iiclr-17591	625	49	unauthorized	unauthorized	ADJ
iiclr-17591	625	50	real	real	ADJ
iiclr-17591	625	51	estate	estate	NOUN
iiclr-17591	625	52	purchases	purchase	NOUN
iiclr-17591	625	53	,	,	PUNCT
iiclr-17591	625	54	saying	say	VERB
iiclr-17591	625	55	explicitly	explicitly	ADV
iiclr-17591	625	56	that	that	SCONJ
iiclr-17591	625	57	it	it	PRON
iiclr-17591	625	58	is	be	AUX
iiclr-17591	625	59	the	the	DET
iiclr-17591	625	60	auditors	auditor	NOUN
iiclr-17591	625	61	'	'	PART
iiclr-17591	625	62	duty	duty	NOUN
iiclr-17591	625	63	to	to	PART
iiclr-17591	625	64	review	review	VERB
iiclr-17591	625	65	managerial	managerial	ADJ
iiclr-17591	625	66	decisions	decision	NOUN
iiclr-17591	625	67	.	.	PUNCT
iiclr-17591	626	1	the	the	DET
iiclr-17591	626	2	case	case	NOUN
iiclr-17591	626	3	,	,	PUNCT
iiclr-17591	626	4	however	however	ADV
iiclr-17591	626	5	,	,	PUNCT
iiclr-17591	626	6	concerned	concerned	ADJ
iiclr-17591	626	7	an	an	DET
iiclr-17591	626	8	easily	easily	ADV
iiclr-17591	626	9	dctectable	dctectable	ADJ
iiclr-17591	626	10	case	case	NOUN
iiclr-17591	626	11	of	of	ADP
iiclr-17591	626	12	gross	gross	ADJ
iiclr-17591	626	13	negligence	negligence	NOUN
iiclr-17591	626	14	,	,	PUNCT
iiclr-17591	626	15	and	and	CCONJ
iiclr-17591	626	16	it	it	PRON
iiclr-17591	626	17	is	be	AUX
iiclr-17591	626	18	arguable	arguable	ADJ
iiclr-17591	626	19	that	that	SCONJ
iiclr-17591	626	20	the	the	DET
iiclr-17591	626	21	duty	duty	NOUN
iiclr-17591	626	22	to	to	PART
iiclr-17591	626	23	review	review	VERB
iiclr-17591	626	24	managerial	managerial	ADJ
iiclr-17591	626	25	decisions	decision	NOUN
iiclr-17591	626	26	constitutes	constitute	VERB
iiclr-17591	626	27	only	only	ADV
iiclr-17591	626	28	dictwn	dictwn	NOUN
iiclr-17591	626	29	.	.	PUNCT
iiclr-17591	627	1	the	the	DET
iiclr-17591	627	2	dispute	dispute	NOUN
iiclr-17591	627	3	about	about	ADP
iiclr-17591	627	4	whether	whether	SCONJ
iiclr-17591	627	5	auditors	auditor	NOUN
iiclr-17591	627	6	must	must	AUX
iiclr-17591	627	7	review	review	VERB
iiclr-17591	627	8	directors	director	NOUN
iiclr-17591	627	9	'	'	PART
iiclr-17591	627	10	decisions	decision	NOUN
iiclr-17591	627	11	on	on	ADP
iiclr-17591	627	12	their	their	PRON
iiclr-17591	627	13	merit	merit	NOUN
iiclr-17591	627	14	is	be	AUX
iiclr-17591	627	15	longstanding	longstanding	ADJ
iiclr-17591	627	16	(	(	PUNCT
iiclr-17591	627	17	see	see	VERB
iiclr-17591	627	18	,	,	PUNCT
iiclr-17591	627	19	e.g.	e.g.	ADV
iiclr-17591	627	20	,	,	PUNCT
iiclr-17591	627	21	di	di	X
iiclr-17591	627	22	sabato	sabato	PROPN
iiclr-17591	627	23	,	,	PUNCT
iiclr-17591	627	24	supra	supra	NOUN
iiclr-17591	627	25	note	note	NOUN
iiclr-17591	627	26	2	2	NUM
iiclr-17591	627	27	,	,	PUNCT
iiclr-17591	627	28	at	at	ADP
iiclr-17591	627	29	504	504	NUM
iiclr-17591	627	30	-	-	SYM
iiclr-17591	627	31	05	05	NUM
iiclr-17591	627	32	,	,	PUNCT
iiclr-17591	627	33	where	where	SCONJ
iiclr-17591	627	34	there	there	PRON
iiclr-17591	627	35	are	be	VERB
iiclr-17591	627	36	ample	ample	ADJ
iiclr-17591	627	37	citations	citation	NOUN
iiclr-17591	627	38	)	)	PUNCT
iiclr-17591	627	39	.	.	PUNCT
iiclr-17591	628	1	however	however	ADV
iiclr-17591	628	2	,	,	PUNCT
iiclr-17591	628	3	it	it	PRON
iiclr-17591	628	4	is	be	AUX
iiclr-17591	628	5	my	my	PRON
iiclr-17591	628	6	opinion	opinion	NOUN
iiclr-17591	628	7	that	that	SCONJ
iiclr-17591	628	8	the	the	DET
iiclr-17591	628	9	differences	difference	NOUN
iiclr-17591	628	10	are	be	AUX
iiclr-17591	628	11	mainly	mainly	ADV
iiclr-17591	628	12	verbal	verbal	ADJ
iiclr-17591	628	13	.	.	PUNCT
iiclr-17591	629	1	as	as	SCONJ
iiclr-17591	629	2	noted	note	VERB
iiclr-17591	629	3	infra	infra	NOUN
iiclr-17591	629	4	notes	note	VERB
iiclr-17591	629	5	77	77	NUM
iiclr-17591	629	6	-	-	SYM
iiclr-17591	629	7	78	78	NUM
iiclr-17591	629	8	and	and	CCONJ
iiclr-17591	629	9	accompanying	accompany	VERB
iiclr-17591	629	10	text	text	NOUN
iiclr-17591	629	11	,	,	PUNCT
iiclr-17591	629	12	courts	court	NOUN
iiclr-17591	629	13	hold	hold	VERB
iiclr-17591	629	14	auditors	auditor	NOUN
iiclr-17591	629	15	liable	liable	ADJ
iiclr-17591	629	16	at	at	ADP
iiclr-17591	629	17	least	least	ADJ
iiclr-17591	629	18	for	for	ADP
iiclr-17591	629	19	gross	gross	ADJ
iiclr-17591	629	20	negligence	negligence	NOUN
iiclr-17591	629	21	in	in	ADP
iiclr-17591	629	22	disregarding	disregard	VERB
iiclr-17591	629	23	several	several	ADJ
iiclr-17591	629	24	"	"	PUNCT
iiclr-17591	629	25	red	red	ADJ
iiclr-17591	629	26	flags	flag	NOUN
iiclr-17591	629	27	"	"	PUNCT
iiclr-17591	629	28	and	and	CCONJ
iiclr-17591	629	29	do	do	AUX
iiclr-17591	629	30	not	not	PART
iiclr-17591	629	31	charge	charge	VERB
iiclr-17591	629	32	them	they	PRON
iiclr-17591	629	33	for	for	ADP
iiclr-17591	629	34	not	not	PART
iiclr-17591	629	35	reviewing	review	VERB
iiclr-17591	629	36	normal	normal	ADJ
iiclr-17591	629	37	,	,	PUNCT
iiclr-17591	629	38	even	even	ADV
iiclr-17591	629	39	if	if	SCONJ
iiclr-17591	629	40	unfortunate	unfortunate	ADJ
iiclr-17591	629	41	,	,	PUNCT
iiclr-17591	629	42	business	business	NOUN
iiclr-17591	629	43	decisions	decision	NOUN
iiclr-17591	629	44	.	.	PUNCT
iiclr-17591	630	1	whether	whether	SCONJ
iiclr-17591	630	2	this	this	PRON
iiclr-17591	630	3	is	be	AUX
iiclr-17591	630	4	"	"	PUNCT
iiclr-17591	630	5	merit	merit	NOUN
iiclr-17591	630	6	"	"	PUNCT
iiclr-17591	630	7	or	or	CCONJ
iiclr-17591	630	8	not	not	PART
iiclr-17591	630	9	is	be	AUX
iiclr-17591	630	10	an	an	DET
iiclr-17591	630	11	open	open	ADJ
iiclr-17591	630	12	,	,	PUNCT
iiclr-17591	630	13	but	but	CCONJ
iiclr-17591	630	14	in	in	ADP
iiclr-17591	630	15	my	my	PRON
iiclr-17591	630	16	viev	viev	NOUN
iiclr-17591	630	17	,	,	PUNCT
iiclr-17591	630	18	a	a	DET
iiclr-17591	630	19	non	non	ADJ
iiclr-17591	630	20	-	-	ADJ
iiclr-17591	630	21	decisive	decisive	ADJ
iiclr-17591	630	22	,	,	PUNCT
iiclr-17591	630	23	question	question	NOUN
iiclr-17591	630	24	.	.	PUNCT
iiclr-17591	631	1	19951	19951	NUM
iiclr-17591	631	2	ind	ind	NOUN
iiclr-17591	631	3	.	.	PUNCT
iiclr-17591	632	1	int'l	int'l	PROPN
iiclr-17591	632	2	&	&	CCONJ
iiclr-17591	632	3	comp	comp	PROPN
iiclr-17591	632	4	.	.	PUNCT
iiclr-17591	633	1	l	l	PROPN
iiclr-17591	633	2	rev	rev	PROPN
iiclr-17591	633	3	.	.	PROPN
iiclr-17591	634	1	in	in	ADP
iiclr-17591	634	2	particular	particular	ADJ
iiclr-17591	634	3	,	,	PUNCT
iiclr-17591	634	4	auditors	auditor	NOUN
iiclr-17591	634	5	must	must	AUX
iiclr-17591	634	6	(	(	PUNCT
iiclr-17591	634	7	a	a	X
iiclr-17591	634	8	)	)	PUNCT
iiclr-17591	634	9	meet	meet	NOUN
iiclr-17591	634	10	as	as	ADP
iiclr-17591	634	11	a	a	DET
iiclr-17591	634	12	board	board	NOUN
iiclr-17591	634	13	at	at	ADV
iiclr-17591	634	14	least	least	ADJ
iiclr-17591	634	15	each	each	DET
iiclr-17591	634	16	quarter	quarter	NOUN
iiclr-17591	634	17	,	,	PUNCT
iiclr-17591	634	18	and	and	CCONJ
iiclr-17591	634	19	attend	attend	VERB
iiclr-17591	634	20	the	the	DET
iiclr-17591	634	21	meetings	meeting	NOUN
iiclr-17591	634	22	of	of	ADP
iiclr-17591	634	23	the	the	DET
iiclr-17591	634	24	shareholders	shareholder	NOUN
iiclr-17591	634	25	and	and	CCONJ
iiclr-17591	634	26	board	board	NOUN
iiclr-17591	634	27	of	of	ADP
iiclr-17591	634	28	directors	director	NOUN
iiclr-17591	634	29	;	;	PUNCT
iiclr-17591	634	30	(	(	PUNCT
iiclr-17591	634	31	b	b	X
iiclr-17591	634	32	)	)	PUNCT
iiclr-17591	634	33	check	check	NOUN
iiclr-17591	634	34	regularly	regularly	ADV
iiclr-17591	634	35	the	the	DET
iiclr-17591	634	36	company	company	NOUN
iiclr-17591	634	37	's	's	PART
iiclr-17591	634	38	books	book	NOUN
iiclr-17591	634	39	and	and	CCONJ
iiclr-17591	634	40	internal	internal	ADJ
iiclr-17591	634	41	accounting	accounting	NOUN
iiclr-17591	634	42	system;6	system;6	PROPN
iiclr-17591	634	43	and	and	CCONJ
iiclr-17591	634	44	(	(	PUNCT
iiclr-17591	634	45	c	c	X
iiclr-17591	634	46	)	)	PUNCT
iiclr-17591	634	47	prepare	prepare	VERB
iiclr-17591	634	48	a	a	DET
iiclr-17591	634	49	report	report	NOUN
iiclr-17591	634	50	accompanying	accompany	VERB
iiclr-17591	634	51	the	the	DET
iiclr-17591	634	52	annual	annual	ADJ
iiclr-17591	634	53	financial	financial	ADJ
iiclr-17591	634	54	statements	statement	NOUN
iiclr-17591	634	55	,	,	PUNCT
iiclr-17591	634	56	which	which	PRON
iiclr-17591	634	57	goes	go	VERB
iiclr-17591	634	58	to	to	ADP
iiclr-17591	634	59	the	the	DET
iiclr-17591	634	60	shareholders	shareholder	NOUN
iiclr-17591	634	61	and	and	CCONJ
iiclr-17591	634	62	then	then	ADV
iiclr-17591	634	63	,	,	PUNCT
iiclr-17591	634	64	together	together	ADV
iiclr-17591	634	65	with	with	ADP
iiclr-17591	634	66	the	the	DET
iiclr-17591	634	67	financial	financial	ADJ
iiclr-17591	634	68	statements	statement	NOUN
iiclr-17591	634	69	,	,	PUNCT
iiclr-17591	634	70	is	be	AUX
iiclr-17591	634	71	made	make	VERB
iiclr-17591	634	72	publicly	publicly	ADV
iiclr-17591	634	73	available.66	available.66	NOUN
iiclr-17591	634	74	(	(	PUNCT
iiclr-17591	634	75	the	the	DET
iiclr-17591	634	76	auditors	auditor	NOUN
iiclr-17591	634	77	'	'	PART
iiclr-17591	634	78	report	report	NOUN
iiclr-17591	634	79	must	must	AUX
iiclr-17591	634	80	take	take	VERB
iiclr-17591	634	81	a	a	DET
iiclr-17591	634	82	position	position	NOUN
iiclr-17591	634	83	on	on	ADP
iiclr-17591	634	84	the	the	DET
iiclr-17591	634	85	fairness	fairness	NOUN
iiclr-17591	634	86	of	of	ADP
iiclr-17591	634	87	the	the	DET
iiclr-17591	634	88	financial	financial	ADJ
iiclr-17591	634	89	statements	statement	NOUN
iiclr-17591	634	90	with	with	ADP
iiclr-17591	634	91	respect	respect	NOUN
iiclr-17591	634	92	to	to	ADP
iiclr-17591	634	93	the	the	DET
iiclr-17591	634	94	accounting	accounting	NOUN
iiclr-17591	634	95	system	system	NOUN
iiclr-17591	634	96	and	and	CCONJ
iiclr-17591	634	97	to	to	ADP
iiclr-17591	634	98	the	the	DET
iiclr-17591	634	99	financial	financial	ADJ
iiclr-17591	634	100	situation	situation	NOUN
iiclr-17591	634	101	of	of	ADP
iiclr-17591	634	102	the	the	DET
iiclr-17591	634	103	company	company	NOUN
iiclr-17591	634	104	.	.	PUNCT
iiclr-17591	634	105	)	)	PUNCT
iiclr-17591	635	1	moreover	moreover	ADV
iiclr-17591	635	2	,	,	PUNCT
iiclr-17591	635	3	auditors	auditor	NOUN
iiclr-17591	635	4	have	have	VERB
iiclr-17591	635	5	a	a	DET
iiclr-17591	635	6	general	general	ADJ
iiclr-17591	635	7	power	power	NOUN
iiclr-17591	635	8	to	to	PART
iiclr-17591	635	9	make	make	VERB
iiclr-17591	635	10	investigations67	investigations67	NOUN
iiclr-17591	635	11	and	and	CCONJ
iiclr-17591	635	12	a	a	DET
iiclr-17591	635	13	duty	duty	NOUN
iiclr-17591	635	14	to	to	PART
iiclr-17591	635	15	report	report	VERB
iiclr-17591	635	16	to	to	ADP
iiclr-17591	635	17	the	the	DET
iiclr-17591	635	18	shareholders	shareholder	NOUN
iiclr-17591	635	19	irregularities	irregularity	NOUN
iiclr-17591	635	20	discovered	discover	VERB
iiclr-17591	635	21	in	in	ADP
iiclr-17591	635	22	the	the	DET
iiclr-17591	635	23	management	management	NOUN
iiclr-17591	635	24	of	of	ADP
iiclr-17591	635	25	the	the	DET
iiclr-17591	635	26	business.68	business.68	NOUN
iiclr-17591	635	27	they	they	PRON
iiclr-17591	635	28	are	be	AUX
iiclr-17591	635	29	not	not	PART
iiclr-17591	635	30	,	,	PUNCT
iiclr-17591	635	31	however	however	ADV
iiclr-17591	635	32	,	,	PUNCT
iiclr-17591	635	33	mere	mere	ADJ
iiclr-17591	635	34	agents	agent	NOUN
iiclr-17591	635	35	for	for	ADP
iiclr-17591	635	36	the	the	DET
iiclr-17591	635	37	shareholders	shareholder	NOUN
iiclr-17591	635	38	,	,	PUNCT
iiclr-17591	635	39	as	as	SCONJ
iiclr-17591	635	40	they	they	PRON
iiclr-17591	635	41	may	may	AUX
iiclr-17591	635	42	challenge	challenge	VERB
iiclr-17591	635	43	in	in	ADP
iiclr-17591	635	44	court	court	NOUN
iiclr-17591	635	45	the	the	DET
iiclr-17591	635	46	validity	validity	NOUN
iiclr-17591	635	47	of	of	ADP
iiclr-17591	635	48	shareholders	shareholder	NOUN
iiclr-17591	635	49	'	'	PART
iiclr-17591	635	50	resolutions	resolution	NOUN
iiclr-17591	635	51	.	.	PUNCT
iiclr-17591	636	1	69	69	NUM
iiclr-17591	636	2	auditors	auditor	NOUN
iiclr-17591	636	3	are	be	AUX
iiclr-17591	636	4	liable	liable	ADJ
iiclr-17591	636	5	for	for	ADP
iiclr-17591	636	6	their	their	PRON
iiclr-17591	636	7	own	own	ADJ
iiclr-17591	636	8	violations	violation	NOUN
iiclr-17591	636	9	(	(	PUNCT
iiclr-17591	636	10	e.g.	e.g.	ADV
iiclr-17591	636	11	,	,	PUNCT
iiclr-17591	636	12	revelation	revelation	NOUN
iiclr-17591	636	13	of	of	ADP
iiclr-17591	636	14	confidential	confidential	ADJ
iiclr-17591	636	15	information	information	NOUN
iiclr-17591	636	16	and	and	CCONJ
iiclr-17591	636	17	insider	insider	NOUN
iiclr-17591	636	18	trading).70	trading).70	ADV
iiclr-17591	636	19	more	more	ADV
iiclr-17591	636	20	importantly	importantly	ADV
iiclr-17591	636	21	,	,	PUNCT
iiclr-17591	636	22	though	though	ADV
iiclr-17591	636	23	,	,	PUNCT
iiclr-17591	636	24	auditors	auditor	NOUN
iiclr-17591	636	25	are	be	AUX
iiclr-17591	636	26	jointly	jointly	ADV
iiclr-17591	636	27	and	and	CCONJ
iiclr-17591	636	28	severally	severally	ADV
iiclr-17591	636	29	liable	liable	ADJ
iiclr-17591	636	30	with	with	ADP
iiclr-17591	636	31	the	the	DET
iiclr-17591	636	32	directors	director	NOUN
iiclr-17591	636	33	for	for	ADP
iiclr-17591	636	34	the	the	DET
iiclr-17591	636	35	directors	director	NOUN
iiclr-17591	636	36	'	'	PART
iiclr-17591	636	37	acts	act	NOUN
iiclr-17591	636	38	or	or	CCONJ
iiclr-17591	636	39	omissions	omission	NOUN
iiclr-17591	636	40	that	that	PRON
iiclr-17591	636	41	cause	cause	VERB
iiclr-17591	636	42	losses	loss	NOUN
iiclr-17591	636	43	to	to	ADP
iiclr-17591	636	44	the	the	DET
iiclr-17591	636	45	company	company	NOUN
iiclr-17591	636	46	or	or	CCONJ
iiclr-17591	636	47	its	its	PRON
iiclr-17591	636	48	creditors,7	creditors,7	NOUN
iiclr-17591	636	49	if	if	SCONJ
iiclr-17591	636	50	they	they	PRON
iiclr-17591	636	51	could	could	AUX
iiclr-17591	636	52	have	have	AUX
iiclr-17591	636	53	avoided	avoid	VERB
iiclr-17591	636	54	the	the	DET
iiclr-17591	636	55	losses	loss	NOUN
iiclr-17591	636	56	through	through	ADP
iiclr-17591	636	57	diligent	diligent	ADJ
iiclr-17591	636	58	behavior	behavior	NOUN
iiclr-17591	636	59	and	and	CCONJ
iiclr-17591	636	60	monitoring.72	monitoring.72	NOUN
iiclr-17591	636	61	while	while	SCONJ
iiclr-17591	636	62	the	the	DET
iiclr-17591	636	63	first	first	ADJ
iiclr-17591	636	64	kind	kind	NOUN
iiclr-17591	636	65	of	of	ADP
iiclr-17591	636	66	responsibility	responsibility	NOUN
iiclr-17591	636	67	does	do	AUX
iiclr-17591	636	68	not	not	PART
iiclr-17591	636	69	create	create	VERB
iiclr-17591	636	70	any	any	DET
iiclr-17591	636	71	particular	particular	ADJ
iiclr-17591	636	72	difficulty	difficulty	NOUN
iiclr-17591	636	73	,	,	PUNCT
iiclr-17591	636	74	the	the	DET
iiclr-17591	636	75	second	second	NOUN
iiclr-17591	636	76	can	can	AUX
iiclr-17591	636	77	be	be	AUX
iiclr-17591	636	78	problematic	problematic	ADJ
iiclr-17591	636	79	because	because	SCONJ
iiclr-17591	636	80	it	it	PRON
iiclr-17591	636	81	involves	involve	VERB
iiclr-17591	636	82	a	a	DET
iiclr-17591	636	83	judgment	judgment	NOUN
iiclr-17591	636	84	on	on	ADP
iiclr-17591	636	85	when	when	SCONJ
iiclr-17591	636	86	an	an	DET
iiclr-17591	636	87	omission	omission	NOUN
iiclr-17591	636	88	has	have	AUX
iiclr-17591	636	89	taken	take	VERB
iiclr-17591	636	90	place	place	NOUN
iiclr-17591	636	91	.	.	PUNCT
iiclr-17591	637	1	therefore	therefore	ADV
iiclr-17591	637	2	,	,	PUNCT
iiclr-17591	637	3	deciding	decide	VERB
iiclr-17591	637	4	when	when	SCONJ
iiclr-17591	637	5	auditors	auditor	NOUN
iiclr-17591	637	6	can	can	AUX
iiclr-17591	637	7	be	be	AUX
iiclr-17591	637	8	held	hold	VERB
iiclr-17591	637	9	responsible	responsible	ADJ
iiclr-17591	637	10	for	for	ADP
iiclr-17591	637	11	directors	director	NOUN
iiclr-17591	637	12	'	'	PART
iiclr-17591	637	13	conduct	conduct	NOUN
iiclr-17591	637	14	may	may	AUX
iiclr-17591	637	15	not	not	PART
iiclr-17591	637	16	be	be	AUX
iiclr-17591	637	17	simple	simple	ADJ
iiclr-17591	637	18	.	.	PUNCT
iiclr-17591	638	1	the	the	DET
iiclr-17591	638	2	problem	problem	NOUN
iiclr-17591	638	3	arises	arise	VERB
iiclr-17591	638	4	because	because	SCONJ
iiclr-17591	638	5	auditors	auditor	NOUN
iiclr-17591	638	6	do	do	AUX
iiclr-17591	638	7	not	not	PART
iiclr-17591	638	8	have	have	VERB
iiclr-17591	638	9	a	a	DET
iiclr-17591	638	10	direct	direct	ADJ
iiclr-17591	638	11	power	power	NOUN
iiclr-17591	638	12	of	of	ADP
iiclr-17591	638	13	intervention	intervention	NOUN
iiclr-17591	638	14	.	.	PUNCT
iiclr-17591	639	1	in	in	ADP
iiclr-17591	639	2	other	other	ADJ
iiclr-17591	639	3	words	word	NOUN
iiclr-17591	639	4	,	,	PUNCT
iiclr-17591	639	5	auditors	auditor	NOUN
iiclr-17591	639	6	can	can	AUX
iiclr-17591	639	7	not	not	PART
iiclr-17591	639	8	stand	stand	VERB
iiclr-17591	639	9	in	in	ADP
iiclr-17591	639	10	for	for	ADP
iiclr-17591	639	11	unfaithful	unfaithful	ADJ
iiclr-17591	639	12	directors	director	NOUN
iiclr-17591	639	13	in	in	ADP
iiclr-17591	639	14	64	64	NUM
iiclr-17591	639	15	.	.	PUNCT
iiclr-17591	640	1	c.c	c.c	PROPN
iiclr-17591	640	2	.	.	PROPN
iiclr-17591	640	3	arts	arts	PROPN
iiclr-17591	640	4	.	.	PUNCT
iiclr-17591	641	1	2403	2403	NUM
iiclr-17591	641	2	-	-	SYM
iiclr-17591	641	3	05	05	NUM
iiclr-17591	641	4	(	(	PUNCT
iiclr-17591	641	5	italy	italy	PROPN
iiclr-17591	641	6	)	)	PUNCT
iiclr-17591	641	7	.	.	PUNCT
iiclr-17591	642	1	failure	failure	NOUN
iiclr-17591	642	2	to	to	PART
iiclr-17591	642	3	attend	attend	VERB
iiclr-17591	642	4	a	a	DET
iiclr-17591	642	5	shareholders	shareholder	NOUN
iiclr-17591	642	6	'	'	PART
iiclr-17591	642	7	meeting	meeting	NOUN
iiclr-17591	642	8	or	or	CCONJ
iiclr-17591	642	9	two	two	NUM
iiclr-17591	642	10	meetings	meeting	NOUN
iiclr-17591	642	11	of	of	ADP
iiclr-17591	642	12	the	the	DET
iiclr-17591	642	13	board	board	NOUN
iiclr-17591	642	14	of	of	ADP
iiclr-17591	642	15	directors	director	NOUN
iiclr-17591	642	16	,	,	PUNCT
iiclr-17591	642	17	without	without	ADP
iiclr-17591	642	18	justification	justification	NOUN
iiclr-17591	642	19	,	,	PUNCT
iiclr-17591	642	20	causes	cause	VERB
iiclr-17591	642	21	loss	loss	NOUN
iiclr-17591	642	22	of	of	ADP
iiclr-17591	642	23	office	office	NOUN
iiclr-17591	642	24	.	.	PUNCT
iiclr-17591	643	1	attendance	attendance	NOUN
iiclr-17591	643	2	at	at	ADP
iiclr-17591	643	3	the	the	DET
iiclr-17591	643	4	executive	executive	PROPN
iiclr-17591	643	5	committee	committee	NOUN
iiclr-17591	643	6	's	's	PART
iiclr-17591	643	7	meetings	meeting	NOUN
iiclr-17591	643	8	is	be	AUX
iiclr-17591	643	9	,	,	PUNCT
iiclr-17591	643	10	on	on	ADP
iiclr-17591	643	11	the	the	DET
iiclr-17591	643	12	other	other	ADJ
iiclr-17591	643	13	hand	hand	NOUN
iiclr-17591	643	14	,	,	PUNCT
iiclr-17591	643	15	optional	optional	ADJ
iiclr-17591	643	16	.	.	PUNCT
iiclr-17591	644	1	65	65	NUM
iiclr-17591	644	2	.	.	PUNCT
iiclr-17591	645	1	auditors	auditor	NOUN
iiclr-17591	645	2	can	can	AUX
iiclr-17591	645	3	delegate	delegate	VERB
iiclr-17591	645	4	routine	routine	ADJ
iiclr-17591	645	5	accounting	accounting	NOUN
iiclr-17591	645	6	controls	control	NOUN
iiclr-17591	645	7	to	to	ADP
iiclr-17591	645	8	assistants	assistant	NOUN
iiclr-17591	645	9	,	,	PUNCT
iiclr-17591	645	10	whose	whose	DET
iiclr-17591	645	11	work	work	NOUN
iiclr-17591	645	12	they	they	PRON
iiclr-17591	645	13	are	be	AUX
iiclr-17591	645	14	responsible	responsible	ADJ
iiclr-17591	645	15	for	for	ADP
iiclr-17591	645	16	:	:	PUNCT
iiclr-17591	645	17	c.c	c.c	PROPN
iiclr-17591	645	18	.	.	PROPN
iiclr-17591	645	19	art	art	NOUN
iiclr-17591	645	20	.	.	PUNCT
iiclr-17591	646	1	2403	2403	NUM
iiclr-17591	646	2	-	-	PUNCT
iiclr-17591	646	3	bis	bis	X
iiclr-17591	646	4	(	(	PUNCT
iiclr-17591	646	5	italy	italy	PROPN
iiclr-17591	646	6	)	)	PUNCT
iiclr-17591	646	7	,	,	PUNCT
iiclr-17591	646	8	introduced	introduce	VERB
iiclr-17591	646	9	by	by	ADP
iiclr-17591	646	10	the	the	DET
iiclr-17591	646	11	reform	reform	NOUN
iiclr-17591	646	12	implemented	implement	VERB
iiclr-17591	646	13	by	by	ADP
iiclr-17591	646	14	legislative	legislative	ADJ
iiclr-17591	646	15	decree	decree	NOUN
iiclr-17591	646	16	of	of	ADP
iiclr-17591	646	17	jan	jan	PROPN
iiclr-17591	646	18	.	.	PROPN
iiclr-17591	646	19	27	27	NUM
iiclr-17591	646	20	,	,	PUNCT
iiclr-17591	646	21	1992	1992	NUM
iiclr-17591	646	22	,	,	PUNCT
iiclr-17591	646	23	no	no	INTJ
iiclr-17591	646	24	.	.	NOUN
iiclr-17591	646	25	88	88	NUM
iiclr-17591	646	26	.	.	PUNCT
iiclr-17591	647	1	66	66	NUM
iiclr-17591	647	2	.	.	PUNCT
iiclr-17591	648	1	the	the	DET
iiclr-17591	648	2	financial	financial	ADJ
iiclr-17591	648	3	statements	statement	NOUN
iiclr-17591	648	4	,	,	PUNCT
iiclr-17591	648	5	with	with	ADP
iiclr-17591	648	6	the	the	DET
iiclr-17591	648	7	directors	director	NOUN
iiclr-17591	648	8	'	'	PART
iiclr-17591	648	9	report	report	NOUN
iiclr-17591	648	10	[	[	X
iiclr-17591	648	11	comparable	comparable	ADJ
iiclr-17591	648	12	to	to	ADP
iiclr-17591	648	13	the	the	DET
iiclr-17591	648	14	management	management	NOUN
iiclr-17591	648	15	discussion	discussion	NOUN
iiclr-17591	648	16	&	&	CCONJ
iiclr-17591	648	17	analysis	analysis	NOUN
iiclr-17591	648	18	:	:	PUNCT
iiclr-17591	648	19	see	see	VERB
iiclr-17591	648	20	c.c	c.c	PROPN
iiclr-17591	648	21	.	.	PROPN
iiclr-17591	648	22	mt	mt	PROPN
iiclr-17591	648	23	.	.	PROPN
iiclr-17591	648	24	2428	2428	NUM
iiclr-17591	648	25	(	(	PUNCT
iiclr-17591	648	26	italy	italy	PROPN
iiclr-17591	648	27	)	)	PUNCT
iiclr-17591	648	28	]	]	PUNCT
iiclr-17591	648	29	,	,	PUNCT
iiclr-17591	648	30	is	be	AUX
iiclr-17591	648	31	deposited	deposit	VERB
iiclr-17591	648	32	in	in	ADP
iiclr-17591	648	33	the	the	DET
iiclr-17591	648	34	register	register	NOUN
iiclr-17591	648	35	of	of	ADP
iiclr-17591	648	36	enterprises	enterprise	NOUN
iiclr-17591	648	37	(	(	PUNCT
iiclr-17591	648	38	c.e	c.e	PROPN
iiclr-17591	648	39	.	.	PROPN
iiclr-17591	649	1	at	at	ADP
iiclr-17591	649	2	.	.	PROPN
iiclr-17591	649	3	2435	2435	NUM
iiclr-17591	649	4	(	(	PUNCT
iiclr-17591	649	5	italy	italy	PROPN
iiclr-17591	649	6	)	)	PUNCT
iiclr-17591	649	7	)	)	PUNCT
iiclr-17591	649	8	,	,	PUNCT
iiclr-17591	650	1	which	which	PRON
iiclr-17591	650	2	is	be	AUX
iiclr-17591	650	3	accessible	accessible	ADJ
iiclr-17591	650	4	to	to	ADP
iiclr-17591	650	5	the	the	DET
iiclr-17591	650	6	public	public	NOUN
iiclr-17591	650	7	.	.	PUNCT
iiclr-17591	651	1	(	(	PUNCT
iiclr-17591	651	2	see	see	VERB
iiclr-17591	651	3	supra	supra	PROPN
iiclr-17591	651	4	note	note	NOUN
iiclr-17591	651	5	53	53	NUM
iiclr-17591	651	6	for	for	ADP
iiclr-17591	651	7	a	a	DET
iiclr-17591	651	8	brief	brief	ADJ
iiclr-17591	651	9	explanation	explanation	NOUN
iiclr-17591	651	10	of	of	ADP
iiclr-17591	651	11	the	the	DET
iiclr-17591	651	12	function	function	NOUN
iiclr-17591	651	13	of	of	ADP
iiclr-17591	651	14	the	the	DET
iiclr-17591	651	15	office	office	NOUN
iiclr-17591	651	16	.	.	PUNCT
iiclr-17591	651	17	)	)	PUNCT
iiclr-17591	652	1	67	67	NUM
iiclr-17591	652	2	.	.	PUNCT
iiclr-17591	653	1	auditors	auditor	NOUN
iiclr-17591	653	2	have	have	VERB
iiclr-17591	653	3	the	the	DET
iiclr-17591	653	4	duty	duty	NOUN
iiclr-17591	653	5	to	to	PART
iiclr-17591	653	6	make	make	VERB
iiclr-17591	653	7	investigations	investigation	NOUN
iiclr-17591	653	8	when	when	SCONJ
iiclr-17591	653	9	requested	request	VERB
iiclr-17591	653	10	by	by	ADP
iiclr-17591	653	11	shareholders	shareholder	NOUN
iiclr-17591	653	12	holding	hold	VERB
iiclr-17591	653	13	at	at	ADV
iiclr-17591	653	14	least	least	ADV
iiclr-17591	653	15	five	five	NUM
iiclr-17591	653	16	percent	percent	NOUN
iiclr-17591	653	17	of	of	ADP
iiclr-17591	653	18	the	the	DET
iiclr-17591	653	19	capital	capital	NOUN
iiclr-17591	653	20	.	.	PUNCT
iiclr-17591	654	1	see	see	VERB
iiclr-17591	654	2	c.c	c.c	PROPN
iiclr-17591	654	3	.	.	PROPN
iiclr-17591	654	4	art	art	PROPN
iiclr-17591	654	5	.	.	PUNCT
iiclr-17591	655	1	2408(2	2408(2	NUM
iiclr-17591	655	2	)	)	PUNCT
iiclr-17591	655	3	(	(	PUNCT
iiclr-17591	655	4	italy	italy	PROPN
iiclr-17591	655	5	)	)	PUNCT
iiclr-17591	655	6	.	.	PUNCT
iiclr-17591	656	1	68	68	NUM
iiclr-17591	656	2	.	.	X
iiclr-17591	657	1	for	for	ADP
iiclr-17591	657	2	an	an	DET
iiclr-17591	657	3	exhaustive	exhaustive	ADJ
iiclr-17591	657	4	list	list	NOUN
iiclr-17591	657	5	and	and	CCONJ
iiclr-17591	657	6	discussion	discussion	NOUN
iiclr-17591	657	7	of	of	ADP
iiclr-17591	657	8	auditors	auditor	NOUN
iiclr-17591	657	9	'	'	PART
iiclr-17591	657	10	duties	duty	NOUN
iiclr-17591	657	11	see	see	VERB
iiclr-17591	657	12	disabato	disabato	NOUN
iiclr-17591	657	13	,	,	PUNCT
iiclr-17591	657	14	supra	supra	ADJ
iiclr-17591	657	15	note	note	NOUN
iiclr-17591	657	16	2	2	NUM
iiclr-17591	657	17	,	,	PUNCT
iiclr-17591	657	18	at	at	ADP
iiclr-17591	657	19	501	501	NUM
iiclr-17591	657	20	-	-	SYM
iiclr-17591	657	21	06	06	NUM
iiclr-17591	657	22	.	.	PUNCT
iiclr-17591	658	1	69	69	NUM
iiclr-17591	658	2	.	.	PUNCT
iiclr-17591	659	1	c.c	c.c	PROPN
iiclr-17591	659	2	.	.	PROPN
iiclr-17591	659	3	art	art	NOUN
iiclr-17591	659	4	.	.	PUNCT
iiclr-17591	660	1	2377(2	2377(2	NUM
iiclr-17591	660	2	)	)	PUNCT
iiclr-17591	660	3	(	(	PUNCT
iiclr-17591	660	4	italy	italy	PROPN
iiclr-17591	660	5	)	)	PUNCT
iiclr-17591	660	6	.	.	PUNCT
iiclr-17591	661	1	70	70	NUM
iiclr-17591	661	2	.	.	PUNCT
iiclr-17591	662	1	respectively	respectively	ADV
iiclr-17591	662	2	,	,	PUNCT
iiclr-17591	662	3	c.c	c.c	PROPN
iiclr-17591	662	4	art	art	NOUN
iiclr-17591	662	5	.	.	PUNCT
iiclr-17591	663	1	2407(1	2407(1	NUM
iiclr-17591	663	2	)	)	PUNCT
iiclr-17591	663	3	(	(	PUNCT
iiclr-17591	663	4	italy	italy	PROPN
iiclr-17591	663	5	)	)	PUNCT
iiclr-17591	663	6	(	(	PUNCT
iiclr-17591	663	7	implicitly	implicitly	ADV
iiclr-17591	663	8	)	)	PUNCT
iiclr-17591	663	9	,	,	PUNCT
iiclr-17591	663	10	and	and	CCONJ
iiclr-17591	663	11	art	art	NOUN
iiclr-17591	663	12	.	.	PUNCT
iiclr-17591	664	1	2	2	NUM
iiclr-17591	664	2	,	,	PUNCT
iiclr-17591	664	3	4	4	NUM
iiclr-17591	664	4	,	,	PUNCT
iiclr-17591	664	5	law	law	NOUN
iiclr-17591	664	6	of	of	ADP
iiclr-17591	664	7	may	may	PROPN
iiclr-17591	664	8	17	17	NUM
iiclr-17591	664	9	,	,	PUNCT
iiclr-17591	664	10	1991	1991	NUM
iiclr-17591	664	11	,	,	PUNCT
iiclr-17591	664	12	no	no	INTJ
iiclr-17591	664	13	.	.	NOUN
iiclr-17591	664	14	157	157	NUM
iiclr-17591	664	15	,	,	PUNCT
iiclr-17591	664	16	on	on	ADP
iiclr-17591	664	17	insider	insider	NOUN
iiclr-17591	664	18	trading	trading	NOUN
iiclr-17591	664	19	.	.	PUNCT
iiclr-17591	665	1	71	71	NUM
iiclr-17591	665	2	.	.	X
iiclr-17591	665	3	see	see	VERB
iiclr-17591	665	4	infra	infra	NOUN
iiclr-17591	665	5	part	part	NOUN
iiclr-17591	665	6	il	il	X
iiclr-17591	665	7	for	for	ADP
iiclr-17591	665	8	details	detail	NOUN
iiclr-17591	665	9	on	on	ADP
iiclr-17591	665	10	the	the	DET
iiclr-17591	665	11	differences	difference	NOUN
iiclr-17591	665	12	between	between	ADP
iiclr-17591	665	13	these	these	DET
iiclr-17591	665	14	two	two	NUM
iiclr-17591	665	15	kinds	kind	NOUN
iiclr-17591	665	16	of	of	ADP
iiclr-17591	665	17	liability	liability	NOUN
iiclr-17591	665	18	.	.	PUNCT
iiclr-17591	666	1	it	it	PRON
iiclr-17591	666	2	is	be	AUX
iiclr-17591	666	3	also	also	ADV
iiclr-17591	666	4	important	important	ADJ
iiclr-17591	666	5	to	to	PART
iiclr-17591	666	6	note	note	VERB
iiclr-17591	666	7	that	that	SCONJ
iiclr-17591	666	8	the	the	DET
iiclr-17591	666	9	procedure	procedure	NOUN
iiclr-17591	666	10	for	for	ADP
iiclr-17591	666	11	affirming	affirm	VERB
iiclr-17591	666	12	the	the	DET
iiclr-17591	666	13	liability	liability	NOUN
iiclr-17591	666	14	of	of	ADP
iiclr-17591	666	15	the	the	DET
iiclr-17591	666	16	directors	director	NOUN
iiclr-17591	666	17	and	and	CCONJ
iiclr-17591	666	18	auditors	auditor	NOUN
iiclr-17591	666	19	to	to	ADP
iiclr-17591	666	20	the	the	DET
iiclr-17591	666	21	company	company	NOUN
iiclr-17591	666	22	and	and	CCONJ
iiclr-17591	666	23	its	its	PRON
iiclr-17591	666	24	creditors	creditor	NOUN
iiclr-17591	666	25	is	be	AUX
iiclr-17591	666	26	the	the	DET
iiclr-17591	666	27	same	same	ADJ
iiclr-17591	666	28	.	.	PUNCT
iiclr-17591	667	1	72	72	NUM
iiclr-17591	667	2	.	.	X
iiclr-17591	668	1	c.c	c.c	PROPN
iiclr-17591	668	2	.	.	PROPN
iiclr-17591	668	3	art	art	NOUN
iiclr-17591	668	4	.	.	PUNCT
iiclr-17591	669	1	2407(2	2407(2	NUM
iiclr-17591	669	2	)	)	PUNCT
iiclr-17591	669	3	(	(	PUNCT
iiclr-17591	669	4	italy	italy	PROPN
iiclr-17591	669	5	)	)	PUNCT
iiclr-17591	669	6	.	.	PUNCT
iiclr-17591	670	1	(	(	PUNCT
iiclr-17591	670	2	vol	vol	NOUN
iiclr-17591	670	3	.	.	PUNCT
iiclr-17591	671	1	6	6	NUM
iiclr-17591	671	2	:	:	PUNCT
iiclr-17591	671	3	i	i	PRON
iiclr-17591	671	4	corporate	corporate	ADJ
iiclr-17591	671	5	governance	governance	NOUN
iiclr-17591	671	6	in	in	ADP
iiclr-17591	671	7	italy	italy	PROPN
iiclr-17591	671	8	managing	manage	VERB
iiclr-17591	671	9	the	the	DET
iiclr-17591	671	10	company.73	company.73	NOUN
iiclr-17591	671	11	they	they	PRON
iiclr-17591	671	12	can	can	AUX
iiclr-17591	671	13	,	,	PUNCT
iiclr-17591	671	14	however	however	ADV
iiclr-17591	671	15	,	,	PUNCT
iiclr-17591	671	16	ask	ask	VERB
iiclr-17591	671	17	the	the	DET
iiclr-17591	671	18	court	court	NOUN
iiclr-17591	671	19	to	to	PART
iiclr-17591	671	20	void	void	VERB
iiclr-17591	671	21	the	the	DET
iiclr-17591	671	22	board	board	NOUN
iiclr-17591	671	23	's	's	PART
iiclr-17591	671	24	resolutions	resolution	NOUN
iiclr-17591	671	25	approved	approve	VERB
iiclr-17591	671	26	with	with	ADP
iiclr-17591	671	27	the	the	DET
iiclr-17591	671	28	vote	vote	NOUN
iiclr-17591	671	29	of	of	ADP
iiclr-17591	671	30	interested	interested	ADJ
iiclr-17591	671	31	directors	director	NOUN
iiclr-17591	671	32	.	.	PUNCT
iiclr-17591	672	1	74	74	NUM
iiclr-17591	672	2	the	the	DET
iiclr-17591	672	3	auditors	auditor	NOUN
iiclr-17591	672	4	can	can	AUX
iiclr-17591	672	5	report	report	VERB
iiclr-17591	672	6	acts	act	NOUN
iiclr-17591	672	7	of	of	ADP
iiclr-17591	672	8	mismanagement	mismanagement	NOUN
iiclr-17591	672	9	to	to	ADP
iiclr-17591	672	10	the	the	DET
iiclr-17591	672	11	shareholders	shareholder	NOUN
iiclr-17591	672	12	,	,	PUNCT
iiclr-17591	672	13	and	and	CCONJ
iiclr-17591	672	14	they	they	PRON
iiclr-17591	672	15	can	can	AUX
iiclr-17591	672	16	report	report	VERB
iiclr-17591	672	17	criminal	criminal	ADJ
iiclr-17591	672	18	activities	activity	NOUN
iiclr-17591	672	19	(	(	PUNCT
iiclr-17591	672	20	embezzlement	embezzlement	NOUN
iiclr-17591	672	21	,	,	PUNCT
iiclr-17591	672	22	frauds	fraud	NOUN
iiclr-17591	672	23	perpetrated	perpetrate	VERB
iiclr-17591	672	24	on	on	ADP
iiclr-17591	672	25	creditors	creditor	NOUN
iiclr-17591	672	26	,	,	PUNCT
iiclr-17591	672	27	etc	etc	X
iiclr-17591	672	28	.	.	X
iiclr-17591	672	29	)	)	PUNCT
iiclr-17591	672	30	to	to	ADP
iiclr-17591	672	31	criminal	criminal	ADJ
iiclr-17591	672	32	prosecutors	prosecutor	NOUN
iiclr-17591	672	33	,	,	PUNCT
iiclr-17591	672	34	who	who	PRON
iiclr-17591	672	35	have	have	VERB
iiclr-17591	672	36	the	the	DET
iiclr-17591	672	37	means	mean	NOUN
iiclr-17591	672	38	to	to	PART
iiclr-17591	672	39	stop	stop	VERB
iiclr-17591	672	40	directors	director	NOUN
iiclr-17591	672	41	.	.	PUNCT
iiclr-17591	672	42	"	"	PUNCT
iiclr-17591	673	1	if	if	SCONJ
iiclr-17591	673	2	the	the	DET
iiclr-17591	673	3	directors	director	NOUN
iiclr-17591	673	4	do	do	VERB
iiclr-17591	673	5	not	not	PART
iiclr-17591	673	6	,	,	PUNCT
iiclr-17591	673	7	auditors	auditor	NOUN
iiclr-17591	673	8	must	must	AUX
iiclr-17591	673	9	report	report	VERB
iiclr-17591	673	10	the	the	DET
iiclr-17591	673	11	company	company	NOUN
iiclr-17591	673	12	's	's	PART
iiclr-17591	673	13	losses	loss	NOUN
iiclr-17591	673	14	to	to	ADP
iiclr-17591	673	15	the	the	DET
iiclr-17591	673	16	shareholders	shareholder	NOUN
iiclr-17591	673	17	and	and	CCONJ
iiclr-17591	673	18	,	,	PUNCT
iiclr-17591	673	19	in	in	ADP
iiclr-17591	673	20	certain	certain	ADJ
iiclr-17591	673	21	cases	case	NOUN
iiclr-17591	673	22	,	,	PUNCT
iiclr-17591	673	23	can	can	AUX
iiclr-17591	673	24	ask	ask	VERB
iiclr-17591	673	25	the	the	DET
iiclr-17591	673	26	court	court	NOUN
iiclr-17591	673	27	to	to	PART
iiclr-17591	673	28	appoint	appoint	VERB
iiclr-17591	673	29	a	a	DET
iiclr-17591	673	30	liquidator.76	liquidator.76	PROPN
iiclr-17591	673	31	in	in	ADP
iiclr-17591	673	32	most	most	ADJ
iiclr-17591	673	33	cases	case	NOUN
iiclr-17591	673	34	,	,	PUNCT
iiclr-17591	673	35	the	the	DET
iiclr-17591	673	36	auditors	auditor	NOUN
iiclr-17591	673	37	'	'	PART
iiclr-17591	673	38	normal	normal	ADJ
iiclr-17591	673	39	monitoring	monitoring	NOUN
iiclr-17591	673	40	activity	activity	NOUN
iiclr-17591	673	41	and	and	CCONJ
iiclr-17591	673	42	the	the	DET
iiclr-17591	673	43	threat	threat	NOUN
iiclr-17591	673	44	of	of	ADP
iiclr-17591	673	45	their	their	PRON
iiclr-17591	673	46	intervention	intervention	NOUN
iiclr-17591	673	47	will	will	AUX
iiclr-17591	673	48	suffice	suffice	VERB
iiclr-17591	673	49	to	to	PART
iiclr-17591	673	50	instill	instill	VERB
iiclr-17591	673	51	diligence	diligence	NOUN
iiclr-17591	673	52	in	in	ADP
iiclr-17591	673	53	the	the	DET
iiclr-17591	673	54	directors	director	NOUN
iiclr-17591	673	55	.	.	PUNCT
iiclr-17591	674	1	in	in	ADP
iiclr-17591	674	2	deciding	decide	VERB
iiclr-17591	674	3	on	on	ADP
iiclr-17591	674	4	auditors	auditor	NOUN
iiclr-17591	674	5	'	'	PART
iiclr-17591	674	6	liability	liability	NOUN
iiclr-17591	674	7	,	,	PUNCT
iiclr-17591	674	8	the	the	DET
iiclr-17591	674	9	courts	court	NOUN
iiclr-17591	674	10	tend	tend	VERB
iiclr-17591	674	11	to	to	PART
iiclr-17591	674	12	follow	follow	VERB
iiclr-17591	674	13	a	a	DET
iiclr-17591	674	14	rule	rule	NOUN
iiclr-17591	674	15	of	of	ADP
iiclr-17591	674	16	reason	reason	NOUN
iiclr-17591	674	17	.	.	PUNCT
iiclr-17591	675	1	they	they	PRON
iiclr-17591	675	2	normally	normally	ADV
iiclr-17591	675	3	charge	charge	VERB
iiclr-17591	675	4	collusive	collusive	ADJ
iiclr-17591	675	5	or	or	CCONJ
iiclr-17591	675	6	simply	simply	ADV
iiclr-17591	675	7	idle	idle	ADJ
iiclr-17591	675	8	auditors	auditor	NOUN
iiclr-17591	675	9	with	with	ADP
iiclr-17591	675	10	responsibility	responsibility	NOUN
iiclr-17591	675	11	for	for	ADP
iiclr-17591	675	12	73	73	NUM
iiclr-17591	675	13	.	.	PUNCT
iiclr-17591	676	1	they	they	PRON
iiclr-17591	676	2	can	can	AUX
iiclr-17591	676	3	only	only	ADV
iiclr-17591	676	4	accomplish	accomplish	VERB
iiclr-17591	676	5	legally	legally	ADV
iiclr-17591	676	6	mandated	mandate	VERB
iiclr-17591	676	7	acts	act	NOUN
iiclr-17591	676	8	.	.	PUNCT
iiclr-17591	677	1	see	see	VERB
iiclr-17591	677	2	supra	supra	PROPN
iiclr-17591	677	3	note	note	PROPN
iiclr-17591	677	4	62	62	NUM
iiclr-17591	677	5	and	and	CCONJ
iiclr-17591	677	6	corresponding	correspond	VERB
iiclr-17591	677	7	text	text	NOUN
iiclr-17591	677	8	.	.	PUNCT
iiclr-17591	678	1	74	74	NUM
iiclr-17591	678	2	.	.	PUNCT
iiclr-17591	679	1	c.c	c.c	PROPN
iiclr-17591	679	2	.	.	PROPN
iiclr-17591	679	3	art	art	NOUN
iiclr-17591	679	4	.	.	PUNCT
iiclr-17591	680	1	2391(3	2391(3	X
iiclr-17591	680	2	)	)	PUNCT
iiclr-17591	680	3	(	(	PUNCT
iiclr-17591	680	4	italy	italy	PROPN
iiclr-17591	680	5	)	)	PUNCT
iiclr-17591	680	6	.	.	PUNCT
iiclr-17591	681	1	this	this	DET
iiclr-17591	681	2	provision	provision	NOUN
iiclr-17591	681	3	is	be	AUX
iiclr-17591	681	4	clearly	clearly	ADV
iiclr-17591	681	5	defective	defective	ADJ
iiclr-17591	681	6	,	,	PUNCT
iiclr-17591	681	7	as	as	SCONJ
iiclr-17591	681	8	it	it	PRON
iiclr-17591	681	9	does	do	AUX
iiclr-17591	681	10	not	not	PART
iiclr-17591	681	11	give	give	VERB
iiclr-17591	681	12	to	to	ADP
iiclr-17591	681	13	one	one	NUM
iiclr-17591	681	14	or	or	CCONJ
iiclr-17591	681	15	more	more	ADJ
iiclr-17591	681	16	shareholders	shareholder	NOUN
iiclr-17591	681	17	the	the	DET
iiclr-17591	681	18	standing	standing	NOUN
iiclr-17591	681	19	to	to	PART
iiclr-17591	681	20	challenge	challenge	VERB
iiclr-17591	681	21	the	the	DET
iiclr-17591	681	22	resolution	resolution	NOUN
iiclr-17591	681	23	,	,	PUNCT
iiclr-17591	681	24	and	and	CCONJ
iiclr-17591	681	25	it	it	PRON
iiclr-17591	681	26	does	do	AUX
iiclr-17591	681	27	not	not	PART
iiclr-17591	681	28	provide	provide	VERB
iiclr-17591	681	29	for	for	ADP
iiclr-17591	681	30	any	any	DET
iiclr-17591	681	31	remedy	remedy	NOUN
iiclr-17591	681	32	against	against	ADP
iiclr-17591	681	33	non	non	ADJ
iiclr-17591	681	34	-	-	ADJ
iiclr-17591	681	35	collegial	collegial	ADJ
iiclr-17591	681	36	decisions	decision	NOUN
iiclr-17591	681	37	(	(	PUNCT
iiclr-17591	681	38	such	such	ADJ
iiclr-17591	681	39	as	as	ADP
iiclr-17591	681	40	transactions	transaction	NOUN
iiclr-17591	681	41	implemented	implement	VERB
iiclr-17591	681	42	by	by	ADP
iiclr-17591	681	43	the	the	DET
iiclr-17591	681	44	delegated	delegate	VERB
iiclr-17591	681	45	director	director	NOUN
iiclr-17591	681	46	or	or	CCONJ
iiclr-17591	681	47	by	by	ADP
iiclr-17591	681	48	the	the	DET
iiclr-17591	681	49	sole	sole	ADJ
iiclr-17591	681	50	director	director	NOUN
iiclr-17591	681	51	of	of	ADP
iiclr-17591	681	52	the	the	DET
iiclr-17591	681	53	company	company	NOUN
iiclr-17591	681	54	)	)	PUNCT
iiclr-17591	681	55	.	.	PUNCT
iiclr-17591	682	1	courts	court	NOUN
iiclr-17591	682	2	have	have	AUX
iiclr-17591	682	3	found	find	VERB
iiclr-17591	682	4	a	a	DET
iiclr-17591	682	5	remedy	remedy	NOUN
iiclr-17591	682	6	for	for	ADP
iiclr-17591	682	7	the	the	DET
iiclr-17591	682	8	second	second	ADJ
iiclr-17591	682	9	problem	problem	NOUN
iiclr-17591	682	10	,	,	PUNCT
iiclr-17591	682	11	resorting	resort	VERB
iiclr-17591	682	12	to	to	ADP
iiclr-17591	682	13	the	the	DET
iiclr-17591	682	14	general	general	ADJ
iiclr-17591	682	15	private	private	ADJ
iiclr-17591	682	16	law	law	NOUN
iiclr-17591	682	17	remedy	remedy	NOUN
iiclr-17591	682	18	for	for	ADP
iiclr-17591	682	19	transactions	transaction	NOUN
iiclr-17591	682	20	by	by	ADP
iiclr-17591	682	21	an	an	DET
iiclr-17591	682	22	interested	interested	ADJ
iiclr-17591	682	23	agent	agent	NOUN
iiclr-17591	682	24	(	(	PUNCT
iiclr-17591	682	25	c.c	c.c	PROPN
iiclr-17591	682	26	.	.	PROPN
iiclr-17591	682	27	art	art	PROPN
iiclr-17591	682	28	.	.	PUNCT
iiclr-17591	683	1	1394	1394	NUM
iiclr-17591	683	2	(	(	PUNCT
iiclr-17591	683	3	italy	italy	PROPN
iiclr-17591	683	4	):	):	PUNCT
iiclr-17591	683	5	a	a	DET
iiclr-17591	683	6	contract	contract	NOUN
iiclr-17591	683	7	by	by	ADP
iiclr-17591	683	8	an	an	DET
iiclr-17591	683	9	agent	agent	NOUN
iiclr-17591	683	10	in	in	ADP
iiclr-17591	683	11	a	a	DET
iiclr-17591	683	12	conflict	conflict	NOUN
iiclr-17591	683	13	of	of	ADP
iiclr-17591	683	14	interest	interest	NOUN
iiclr-17591	683	15	with	with	ADP
iiclr-17591	683	16	the	the	DET
iiclr-17591	683	17	principal	principal	NOUN
iiclr-17591	683	18	may	may	AUX
iiclr-17591	683	19	be	be	AUX
iiclr-17591	683	20	avoided	avoid	VERB
iiclr-17591	683	21	when	when	SCONJ
iiclr-17591	683	22	the	the	DET
iiclr-17591	683	23	counterpart	counterpart	NOUN
iiclr-17591	683	24	actually	actually	ADV
iiclr-17591	683	25	knew	know	VERB
iiclr-17591	683	26	or	or	CCONJ
iiclr-17591	683	27	could	could	AUX
iiclr-17591	683	28	have	have	AUX
iiclr-17591	683	29	known	know	VERB
iiclr-17591	683	30	of	of	ADP
iiclr-17591	683	31	the	the	DET
iiclr-17591	683	32	conflict	conflict	NOUN
iiclr-17591	683	33	.	.	PUNCT
iiclr-17591	684	1	as	as	ADP
iiclr-17591	684	2	for	for	ADP
iiclr-17591	684	3	the	the	DET
iiclr-17591	684	4	sole	sole	ADJ
iiclr-17591	684	5	director	director	NOUN
iiclr-17591	684	6	,	,	PUNCT
iiclr-17591	684	7	see	see	VERB
iiclr-17591	684	8	judgment	judgment	NOUN
iiclr-17591	684	9	of	of	ADP
iiclr-17591	684	10	june	june	PROPN
iiclr-17591	684	11	22	22	NUM
iiclr-17591	684	12	,	,	PUNCT
iiclr-17591	684	13	1990	1990	NUM
iiclr-17591	684	14	,	,	PUNCT
iiclr-17591	684	15	no	no	NOUN
iiclr-17591	684	16	.	.	NOUN
iiclr-17591	684	17	6278	6278	NUM
iiclr-17591	684	18	,	,	PUNCT
iiclr-17591	684	19	cass	cass	PROPN
iiclr-17591	685	1	.	.	PUNCT
iiclr-17591	685	2	civ	civ	PROPN
iiclr-17591	685	3	.	.	PROPN
iiclr-17591	685	4	,	,	PUNCT
iiclr-17591	685	5	1990	1990	NUM
iiclr-17591	685	6	giusrtzia	giusrtzia	NOUN
iiclr-17591	685	7	avle	avle	VERB
iiclr-17591	685	8	i	i	PRON
iiclr-17591	685	9	,	,	PUNCT
iiclr-17591	685	10	2265	2265	NUM
iiclr-17591	685	11	.	.	PUNCT
iiclr-17591	686	1	as	as	ADP
iiclr-17591	686	2	for	for	ADP
iiclr-17591	686	3	the	the	DET
iiclr-17591	686	4	delegated	delegate	VERB
iiclr-17591	686	5	director	director	NOUN
iiclr-17591	686	6	,	,	PUNCT
iiclr-17591	686	7	for	for	ADP
iiclr-17591	686	8	the	the	DET
iiclr-17591	686	9	first	first	ADJ
iiclr-17591	686	10	time	time	NOUN
iiclr-17591	686	11	before	before	ADP
iiclr-17591	686	12	the	the	DET
iiclr-17591	686	13	court	court	NOUN
iiclr-17591	686	14	of	of	ADP
iiclr-17591	686	15	cassation	cassation	NOUN
iiclr-17591	686	16	,	,	PUNCT
iiclr-17591	686	17	see	see	VERB
iiclr-17591	686	18	judgment	judgment	NOUN
iiclr-17591	686	19	of	of	ADP
iiclr-17591	686	20	feb	feb	PROPN
iiclr-17591	686	21	1	1	NUM
iiclr-17591	686	22	,	,	PUNCT
iiclr-17591	686	23	1992	1992	NUM
iiclr-17591	686	24	,	,	PUNCT
iiclr-17591	686	25	no	no	NOUN
iiclr-17591	686	26	.	.	NOUN
iiclr-17591	686	27	1089	1089	NUM
iiclr-17591	686	28	,	,	PUNCT
iiclr-17591	686	29	cass	cass	PROPN
iiclr-17591	687	1	.	.	PUNCT
iiclr-17591	687	2	civ	civ	PROPN
iiclr-17591	687	3	.	.	PROPN
iiclr-17591	687	4	,	,	PUNCT
iiclr-17591	687	5	1992	1992	NUM
iiclr-17591	687	6	foro	foro	X
iiclr-17591	687	7	italiano	italiano	VERB
iiclr-17591	687	8	1	1	NUM
iiclr-17591	687	9	,	,	PUNCT
iiclr-17591	687	10	2139	2139	NUM
iiclr-17591	687	11	)	)	PUNCT
iiclr-17591	687	12	.	.	PUNCT
iiclr-17591	688	1	the	the	DET
iiclr-17591	688	2	first	first	ADJ
iiclr-17591	688	3	problem	problem	NOUN
iiclr-17591	688	4	,	,	PUNCT
iiclr-17591	688	5	however	however	ADV
iiclr-17591	688	6	,	,	PUNCT
iiclr-17591	688	7	is	be	AUX
iiclr-17591	688	8	still	still	ADV
iiclr-17591	688	9	open	open	ADJ
iiclr-17591	688	10	,	,	PUNCT
iiclr-17591	688	11	and	and	CCONJ
iiclr-17591	688	12	it	it	PRON
iiclr-17591	688	13	is	be	AUX
iiclr-17591	688	14	particularly	particularly	ADV
iiclr-17591	688	15	serious	serious	ADJ
iiclr-17591	688	16	given	give	VERB
iiclr-17591	688	17	that	that	SCONJ
iiclr-17591	688	18	shareholders	shareholder	NOUN
iiclr-17591	688	19	-	-	PUNCT
iiclr-17591	688	20	as	as	SCONJ
iiclr-17591	688	21	individuals	individual	NOUN
iiclr-17591	688	22	can	can	AUX
iiclr-17591	688	23	not	not	PART
iiclr-17591	688	24	sue	sue	VERB
iiclr-17591	688	25	directors	director	NOUN
iiclr-17591	688	26	derivatively	derivatively	ADV
iiclr-17591	688	27	.	.	PUNCT
iiclr-17591	689	1	see	see	VERB
iiclr-17591	689	2	infra	infra	NOUN
iiclr-17591	689	3	part	part	NOUN
iiclr-17591	689	4	111	111	NUM
iiclr-17591	689	5	.	.	PUNCT
iiclr-17591	690	1	it	it	PRON
iiclr-17591	690	2	is	be	AUX
iiclr-17591	690	3	my	my	PRON
iiclr-17591	690	4	opinion	opinion	NOUN
iiclr-17591	690	5	that	that	SCONJ
iiclr-17591	690	6	when	when	SCONJ
iiclr-17591	690	7	requested	request	VERB
iiclr-17591	690	8	by	by	ADP
iiclr-17591	690	9	a	a	DET
iiclr-17591	690	10	shareholder	shareholder	NOUN
iiclr-17591	690	11	,	,	PUNCT
iiclr-17591	690	12	a	a	DET
iiclr-17591	690	13	court	court	NOUN
iiclr-17591	690	14	can	can	AUX
iiclr-17591	690	15	issue	issue	VERB
iiclr-17591	690	16	an	an	DET
iiclr-17591	690	17	injunction	injunction	NOUN
iiclr-17591	690	18	under	under	ADP
iiclr-17591	690	19	art	art	NOUN
iiclr-17591	690	20	.	.	PUNCT
iiclr-17591	691	1	700	700	NUM
iiclr-17591	691	2	code	code	NOUN
iiclr-17591	691	3	of	of	ADP
iiclr-17591	691	4	civil	civil	ADJ
iiclr-17591	691	5	procedure	procedure	NOUN
iiclr-17591	691	6	(	(	PUNCT
iiclr-17591	691	7	italy	italy	PROPN
iiclr-17591	691	8	)	)	PUNCT
iiclr-17591	691	9	to	to	PART
iiclr-17591	691	10	prevent	prevent	VERB
iiclr-17591	691	11	the	the	DET
iiclr-17591	691	12	board	board	NOUN
iiclr-17591	691	13	from	from	ADP
iiclr-17591	691	14	implementing	implement	VERB
iiclr-17591	691	15	a	a	DET
iiclr-17591	691	16	transaction	transaction	NOUN
iiclr-17591	691	17	approved	approve	VERB
iiclr-17591	691	18	by	by	ADP
iiclr-17591	691	19	interested	interested	ADJ
iiclr-17591	691	20	directors	director	NOUN
iiclr-17591	691	21	.	.	PUNCT
iiclr-17591	692	1	(	(	PUNCT
iiclr-17591	692	2	i	i	PRON
iiclr-17591	692	3	argue	argue	VERB
iiclr-17591	692	4	this	this	PRON
iiclr-17591	692	5	because	because	SCONJ
iiclr-17591	692	6	of	of	ADP
iiclr-17591	692	7	the	the	DET
iiclr-17591	692	8	criminal	criminal	ADJ
iiclr-17591	692	9	sanction	sanction	NOUN
iiclr-17591	692	10	imposed	impose	VERB
iiclr-17591	692	11	on	on	ADP
iiclr-17591	692	12	directors	director	NOUN
iiclr-17591	692	13	acting	act	VERB
iiclr-17591	692	14	in	in	ADP
iiclr-17591	692	15	conflict	conflict	NOUN
iiclr-17591	692	16	of	of	ADP
iiclr-17591	692	17	interest	interest	NOUN
iiclr-17591	692	18	,	,	PUNCT
iiclr-17591	692	19	c.c	c.c	PROPN
iiclr-17591	692	20	.	.	PROPN
iiclr-17591	692	21	art	art	PROPN
iiclr-17591	692	22	.	.	PUNCT
iiclr-17591	693	1	2631	2631	NUM
iiclr-17591	693	2	(	(	PUNCT
iiclr-17591	693	3	italy	italy	PROPN
iiclr-17591	693	4	)	)	PUNCT
iiclr-17591	693	5	)	)	PUNCT
iiclr-17591	693	6	.	.	PUNCT
iiclr-17591	694	1	however	however	ADV
iiclr-17591	694	2	,	,	PUNCT
iiclr-17591	694	3	such	such	DET
iiclr-17591	694	4	a	a	DET
iiclr-17591	694	5	remedy	remedy	NOUN
iiclr-17591	694	6	would	would	AUX
iiclr-17591	694	7	apply	apply	VERB
iiclr-17591	694	8	only	only	ADV
iiclr-17591	694	9	ex	ex	PRON
iiclr-17591	694	10	ante	ante	NOUN
iiclr-17591	694	11	,	,	PUNCT
iiclr-17591	694	12	and	and	CCONJ
iiclr-17591	694	13	could	could	AUX
iiclr-17591	694	14	do	do	VERB
iiclr-17591	694	15	nothing	nothing	PRON
iiclr-17591	694	16	once	once	SCONJ
iiclr-17591	694	17	the	the	DET
iiclr-17591	694	18	transaction	transaction	NOUN
iiclr-17591	694	19	has	have	AUX
iiclr-17591	694	20	been	be	AUX
iiclr-17591	694	21	implemented	implement	VERB
iiclr-17591	694	22	.	.	PUNCT
iiclr-17591	695	1	additionally	additionally	ADV
iiclr-17591	695	2	,	,	PUNCT
iiclr-17591	695	3	equally	equally	ADV
iiclr-17591	695	4	serious	serious	ADJ
iiclr-17591	695	5	arguments	argument	NOUN
iiclr-17591	695	6	go	go	VERB
iiclr-17591	695	7	against	against	ADP
iiclr-17591	695	8	granting	grant	VERB
iiclr-17591	695	9	an	an	DET
iiclr-17591	695	10	injunction	injunction	NOUN
iiclr-17591	695	11	under	under	ADP
iiclr-17591	695	12	art	art	NOUN
iiclr-17591	695	13	.	.	PUNCT
iiclr-17591	696	1	700	700	NUM
iiclr-17591	696	2	code	code	NOUN
iiclr-17591	696	3	of	of	ADP
iiclr-17591	696	4	civil	civil	ADJ
iiclr-17591	696	5	procedure	procedure	NOUN
iiclr-17591	696	6	(	(	PUNCT
iiclr-17591	696	7	italy	italy	PROPN
iiclr-17591	696	8	)	)	PUNCT
iiclr-17591	696	9	in	in	ADP
iiclr-17591	696	10	this	this	DET
iiclr-17591	696	11	situation	situation	NOUN
iiclr-17591	696	12	because	because	SCONJ
iiclr-17591	696	13	the	the	DET
iiclr-17591	696	14	standing	standing	NOUN
iiclr-17591	696	15	requirements	requirement	NOUN
iiclr-17591	696	16	for	for	ADP
iiclr-17591	696	17	filing	file	VERB
iiclr-17591	696	18	an	an	DET
iiclr-17591	696	19	injunction	injunction	NOUN
iiclr-17591	696	20	tend	tend	VERB
iiclr-17591	696	21	to	to	PART
iiclr-17591	696	22	overlap	overlap	VERB
iiclr-17591	696	23	with	with	ADP
iiclr-17591	696	24	the	the	DET
iiclr-17591	696	25	standing	standing	NOUN
iiclr-17591	696	26	requirements	requirement	NOUN
iiclr-17591	696	27	for	for	ADP
iiclr-17591	696	28	initiating	initiate	VERB
iiclr-17591	696	29	an	an	DET
iiclr-17591	696	30	ordinary	ordinary	ADJ
iiclr-17591	696	31	trial	trial	NOUN
iiclr-17591	696	32	,	,	PUNCT
iiclr-17591	696	33	which	which	PRON
iiclr-17591	696	34	shareholders	shareholder	NOUN
iiclr-17591	696	35	,	,	PUNCT
iiclr-17591	696	36	as	as	ADP
iiclr-17591	696	37	individuals	individual	NOUN
iiclr-17591	696	38	,	,	PUNCT
iiclr-17591	696	39	lack	lack	NOUN
iiclr-17591	696	40	.	.	PUNCT
iiclr-17591	697	1	another	another	DET
iiclr-17591	697	2	way	way	NOUN
iiclr-17591	697	3	to	to	PART
iiclr-17591	697	4	stop	stop	VERB
iiclr-17591	697	5	the	the	DET
iiclr-17591	697	6	board	board	NOUN
iiclr-17591	697	7	of	of	ADP
iiclr-17591	697	8	directors	director	NOUN
iiclr-17591	697	9	,	,	PUNCT
iiclr-17591	697	10	more	more	ADV
iiclr-17591	697	11	certain	certain	ADJ
iiclr-17591	697	12	but	but	CCONJ
iiclr-17591	697	13	probably	probably	ADV
iiclr-17591	697	14	less	less	ADV
iiclr-17591	697	15	immediate	immediate	ADJ
iiclr-17591	697	16	,	,	PUNCT
iiclr-17591	697	17	would	would	AUX
iiclr-17591	697	18	be	be	AUX
iiclr-17591	697	19	a	a	DET
iiclr-17591	697	20	petition	petition	NOUN
iiclr-17591	697	21	under	under	ADP
iiclr-17591	697	22	c.c	c.c	PROPN
iiclr-17591	697	23	.	.	PROPN
iiclr-17591	697	24	art	art	PROPN
iiclr-17591	697	25	.	.	PUNCT
iiclr-17591	698	1	2409	2409	NUM
iiclr-17591	698	2	(	(	PUNCT
iiclr-17591	698	3	italy	italy	PROPN
iiclr-17591	698	4	)	)	PUNCT
iiclr-17591	698	5	,	,	PUNCT
iiclr-17591	698	6	which	which	PRON
iiclr-17591	698	7	we	we	PRON
iiclr-17591	698	8	will	will	AUX
iiclr-17591	698	9	examine	examine	VERB
iiclr-17591	698	10	infra	infra	NOUN
iiclr-17591	698	11	note	note	VERB
iiclr-17591	698	12	278	278	NUM
iiclr-17591	698	13	and	and	CCONJ
iiclr-17591	698	14	accompanying	accompany	VERB
iiclr-17591	698	15	text	text	NOUN
iiclr-17591	698	16	.	.	PUNCT
iiclr-17591	699	1	75	75	NUM
iiclr-17591	699	2	.	.	PUNCT
iiclr-17591	699	3	criminal	criminal	ADJ
iiclr-17591	699	4	laws	law	NOUN
iiclr-17591	699	5	give	give	VERB
iiclr-17591	699	6	prosecutors	prosecutor	NOUN
iiclr-17591	699	7	,	,	PUNCT
iiclr-17591	699	8	duly	duly	ADV
iiclr-17591	699	9	authorized	authorize	VERB
iiclr-17591	699	10	by	by	ADP
iiclr-17591	699	11	an	an	DET
iiclr-17591	699	12	impartial	impartial	ADJ
iiclr-17591	699	13	judge	judge	NOUN
iiclr-17591	699	14	,	,	PUNCT
iiclr-17591	699	15	ample	ample	ADJ
iiclr-17591	699	16	powers	power	NOUN
iiclr-17591	699	17	to	to	PART
iiclr-17591	699	18	prevent	prevent	VERB
iiclr-17591	699	19	criminals	criminal	NOUN
iiclr-17591	699	20	from	from	ADP
iiclr-17591	699	21	committing	commit	VERB
iiclr-17591	699	22	further	further	ADJ
iiclr-17591	699	23	crimes	crime	NOUN
iiclr-17591	699	24	and	and	CCONJ
iiclr-17591	699	25	from	from	ADP
iiclr-17591	699	26	carrying	carry	VERB
iiclr-17591	699	27	already	already	ADV
iiclr-17591	699	28	committed	commit	VERB
iiclr-17591	699	29	crimes	crime	NOUN
iiclr-17591	699	30	to	to	ADP
iiclr-17591	699	31	further	further	ADJ
iiclr-17591	699	32	consequences	consequence	NOUN
iiclr-17591	699	33	.	.	PUNCT
iiclr-17591	700	1	it	it	PRON
iiclr-17591	700	2	is	be	AUX
iiclr-17591	700	3	argued	argue	VERB
iiclr-17591	700	4	that	that	SCONJ
iiclr-17591	700	5	c.c	c.c	PROPN
iiclr-17591	700	6	.	.	PROPN
iiclr-17591	700	7	art	art	PROPN
iiclr-17591	700	8	.	.	PUNCT
iiclr-17591	701	1	2409	2409	NUM
iiclr-17591	701	2	(	(	PUNCT
iiclr-17591	701	3	italy	italy	PROPN
iiclr-17591	701	4	)	)	PUNCT
iiclr-17591	701	5	,	,	PUNCT
iiclr-17591	701	6	which	which	PRON
iiclr-17591	701	7	gives	give	VERB
iiclr-17591	701	8	the	the	DET
iiclr-17591	701	9	prosecutors	prosecutor	NOUN
iiclr-17591	701	10	a	a	DET
iiclr-17591	701	11	civil	civil	ADJ
iiclr-17591	701	12	remedy	remedy	NOUN
iiclr-17591	701	13	in	in	ADP
iiclr-17591	701	14	case	case	NOUN
iiclr-17591	701	15	of	of	ADP
iiclr-17591	701	16	mismanagement	mismanagement	NOUN
iiclr-17591	701	17	by	by	ADP
iiclr-17591	701	18	directors	director	NOUN
iiclr-17591	701	19	and	and	CCONJ
iiclr-17591	701	20	collusive	collusive	ADJ
iiclr-17591	701	21	behavior	behavior	NOUN
iiclr-17591	701	22	by	by	ADP
iiclr-17591	701	23	auditors	auditor	NOUN
iiclr-17591	701	24	,	,	PUNCT
iiclr-17591	701	25	can	can	AUX
iiclr-17591	701	26	be	be	AUX
iiclr-17591	701	27	triggered	trigger	VERB
iiclr-17591	701	28	also	also	ADV
iiclr-17591	701	29	by	by	ADP
iiclr-17591	701	30	the	the	DET
iiclr-17591	701	31	auditors	auditor	NOUN
iiclr-17591	701	32	themselves	themselves	PRON
iiclr-17591	701	33	,	,	PUNCT
iiclr-17591	701	34	who	who	PRON
iiclr-17591	701	35	,	,	PUNCT
iiclr-17591	701	36	in	in	ADP
iiclr-17591	701	37	this	this	DET
iiclr-17591	701	38	hypothesis	hypothesis	NOUN
iiclr-17591	701	39	,	,	PUNCT
iiclr-17591	701	40	are	be	AUX
iiclr-17591	701	41	not	not	PART
iiclr-17591	701	42	colluding	collude	VERB
iiclr-17591	701	43	at	at	ADV
iiclr-17591	701	44	all	all	ADV
iiclr-17591	701	45	.	.	PUNCT
iiclr-17591	702	1	it	it	PRON
iiclr-17591	702	2	is	be	AUX
iiclr-17591	702	3	clear	clear	ADJ
iiclr-17591	702	4	that	that	SCONJ
iiclr-17591	702	5	a	a	DET
iiclr-17591	702	6	positive	positive	ADJ
iiclr-17591	702	7	solution	solution	NOUN
iiclr-17591	702	8	is	be	AUX
iiclr-17591	702	9	preferable	preferable	ADJ
iiclr-17591	702	10	.	.	PUNCT
iiclr-17591	703	1	see	see	VERB
iiclr-17591	703	2	,	,	PUNCT
iiclr-17591	703	3	implicitly	implicitly	ADV
iiclr-17591	703	4	,	,	PUNCT
iiclr-17591	703	5	gino	gino	PROPN
iiclr-17591	703	6	cavalli	cavalli	PROPN
iiclr-17591	703	7	,	,	PUNCT
iiclr-17591	703	8	i	i	PRON
iiclr-17591	703	9	sindaci	sindaci	NOUN
iiclr-17591	703	10	,	,	PUNCT
iiclr-17591	703	11	in	in	ADP
iiclr-17591	703	12	5	5	NUM
iiclr-17591	703	13	tr.airato	tr.airato	NOUN
iiclr-17591	703	14	delle	delle	NOUN
iiclr-17591	703	15	societa	societa	NOUN
iiclr-17591	703	16	'	'	PART
iiclr-17591	703	17	per	per	ADP
iiclr-17591	703	18	azioni	azioni	PROPN
iiclr-17591	703	19	1	1	NUM
iiclr-17591	703	20	,	,	PUNCT
iiclr-17591	703	21	175	175	NUM
iiclr-17591	703	22	n.	n.	NOUN
iiclr-17591	703	23	61	61	NUM
iiclr-17591	703	24	(	(	PUNCT
iiclr-17591	703	25	giovanni	giovanni	PROPN
iiclr-17591	703	26	e.	e.	PROPN
iiclr-17591	703	27	colombo	colombo	PROPN
iiclr-17591	703	28	&	&	CCONJ
iiclr-17591	703	29	giuseppe	giuseppe	PROPN
iiclr-17591	703	30	b.	b.	PROPN
iiclr-17591	703	31	portale	portale	PROPN
iiclr-17591	703	32	eds	eds	PROPN
iiclr-17591	703	33	.	.	PROPN
iiclr-17591	703	34	,	,	PUNCT
iiclr-17591	703	35	1988	1988	NUM
iiclr-17591	703	36	)	)	PUNCT
iiclr-17591	703	37	;	;	PUNCT
iiclr-17591	703	38	contra	contra	PROPN
iiclr-17591	703	39	ferrara	ferrara	PROPN
iiclr-17591	703	40	&	&	CCONJ
iiclr-17591	703	41	corsi	corsi	PROPN
iiclr-17591	703	42	,	,	PUNCT
iiclr-17591	703	43	supra	supra	PROPN
iiclr-17591	703	44	note	note	NOUN
iiclr-17591	703	45	2	2	NUM
iiclr-17591	703	46	,	,	PUNCT
iiclr-17591	703	47	at	at	ADP
iiclr-17591	703	48	601	601	NUM
iiclr-17591	703	49	.	.	PUNCT
iiclr-17591	704	1	76	76	NUM
iiclr-17591	704	2	.	.	PUNCT
iiclr-17591	705	1	c.c	c.c	PROPN
iiclr-17591	705	2	.	.	PROPN
iiclr-17591	705	3	arts	arts	PROPN
iiclr-17591	705	4	.	.	PUNCT
iiclr-17591	706	1	2446	2446	NUM
iiclr-17591	706	2	-	-	SYM
iiclr-17591	706	3	48	48	NUM
iiclr-17591	706	4	,	,	PUNCT
iiclr-17591	706	5	2450	2450	NUM
iiclr-17591	706	6	(	(	PUNCT
iiclr-17591	706	7	italy	italy	PROPN
iiclr-17591	706	8	)	)	PUNCT
iiclr-17591	706	9	.	.	PUNCT
iiclr-17591	707	1	1995	1995	NUM
iiclr-17591	707	2	]	]	X
iiclr-17591	707	3	ind	ind	NOUN
iiclr-17591	707	4	.	.	PUNCT
iiclr-17591	708	1	int'l	int'l	PROPN
iiclr-17591	708	2	&	&	CCONJ
iiclr-17591	708	3	comp	comp	PROPN
iiclr-17591	708	4	.	.	PUNCT
iiclr-17591	709	1	l	l	PROPN
iiclr-17591	709	2	rev	rev	PROPN
iiclr-17591	709	3	.	.	PUNCT
iiclr-17591	709	4	directors	director	NOUN
iiclr-17591	709	5	'	'	PART
iiclr-17591	709	6	egregious	egregious	ADJ
iiclr-17591	709	7	violations	violation	NOUN
iiclr-17591	709	8	that	that	PRON
iiclr-17591	709	9	easily	easily	ADV
iiclr-17591	709	10	could	could	AUX
iiclr-17591	709	11	have	have	AUX
iiclr-17591	709	12	been	be	AUX
iiclr-17591	709	13	detected	detect	VERB
iiclr-17591	709	14	'	'	PUNCT
iiclr-17591	709	15	or	or	CCONJ
iiclr-17591	709	16	for	for	ADP
iiclr-17591	709	17	a	a	DET
iiclr-17591	709	18	delay	delay	NOUN
iiclr-17591	709	19	in	in	ADP
iiclr-17591	709	20	reporting	reporting	NOUN
iiclr-17591	709	21	to	to	ADP
iiclr-17591	709	22	shareholders	shareholder	NOUN
iiclr-17591	709	23	a	a	DET
iiclr-17591	709	24	financial	financial	ADJ
iiclr-17591	709	25	crisis	crisis	NOUN
iiclr-17591	709	26	that	that	PRON
iiclr-17591	709	27	required	require	VERB
iiclr-17591	709	28	their	their	PRON
iiclr-17591	709	29	prompt	prompt	ADJ
iiclr-17591	709	30	intervention	intervention	NOUN
iiclr-17591	709	31	.	.	PUNCT
iiclr-17591	710	1	8	8	NUM
iiclr-17591	711	1	in	in	ADP
iiclr-17591	711	2	other	other	ADJ
iiclr-17591	711	3	words	word	NOUN
iiclr-17591	711	4	,	,	PUNCT
iiclr-17591	711	5	courts	court	NOUN
iiclr-17591	711	6	charge	charge	VERB
iiclr-17591	711	7	auditors	auditor	NOUN
iiclr-17591	711	8	with	with	ADP
iiclr-17591	711	9	having	having	AUX
iiclr-17591	711	10	ignored	ignore	VERB
iiclr-17591	711	11	serious	serious	ADJ
iiclr-17591	711	12	,	,	PUNCT
iiclr-17591	711	13	and	and	CCONJ
iiclr-17591	711	14	often	often	ADV
iiclr-17591	711	15	multiple	multiple	ADJ
iiclr-17591	711	16	,	,	PUNCT
iiclr-17591	711	17	"	"	PUNCT
iiclr-17591	711	18	red	red	ADJ
iiclr-17591	711	19	flags	flag	NOUN
iiclr-17591	711	20	.	.	PUNCT
iiclr-17591	711	21	"	"	PUNCT
iiclr-17591	712	1	the	the	DET
iiclr-17591	712	2	fact	fact	NOUN
iiclr-17591	712	3	that	that	SCONJ
iiclr-17591	712	4	the	the	DET
iiclr-17591	712	5	majority	majority	NOUN
iiclr-17591	712	6	of	of	ADP
iiclr-17591	712	7	,	,	PUNCT
iiclr-17591	712	8	or	or	CCONJ
iiclr-17591	712	9	all	all	PRON
iiclr-17591	712	10	of	of	ADP
iiclr-17591	712	11	,	,	PUNCT
iiclr-17591	712	12	the	the	DET
iiclr-17591	712	13	shareholders	shareholder	NOUN
iiclr-17591	712	14	were	be	AUX
iiclr-17591	712	15	aware	aware	ADJ
iiclr-17591	712	16	of	of	ADP
iiclr-17591	712	17	the	the	DET
iiclr-17591	712	18	"	"	PUNCT
iiclr-17591	712	19	red	red	ADJ
iiclr-17591	712	20	flags	flag	NOUN
iiclr-17591	712	21	"	"	PUNCT
iiclr-17591	712	22	is	be	AUX
iiclr-17591	712	23	not	not	PART
iiclr-17591	712	24	deemed	deem	VERB
iiclr-17591	712	25	a	a	DET
iiclr-17591	712	26	valid	valid	ADJ
iiclr-17591	712	27	defense.79	defense.79	NOUN
iiclr-17591	712	28	there	there	PRON
iiclr-17591	712	29	is	be	VERB
iiclr-17591	712	30	a	a	DET
iiclr-17591	712	31	risk	risk	NOUN
iiclr-17591	712	32	,	,	PUNCT
iiclr-17591	712	33	however	however	ADV
iiclr-17591	712	34	,	,	PUNCT
iiclr-17591	712	35	that	that	SCONJ
iiclr-17591	712	36	the	the	DET
iiclr-17591	712	37	auditors	auditor	NOUN
iiclr-17591	712	38	can	can	AUX
iiclr-17591	712	39	become	become	VERB
iiclr-17591	712	40	scapegoats	scapegoat	NOUN
iiclr-17591	712	41	for	for	ADP
iiclr-17591	712	42	the	the	DET
iiclr-17591	712	43	losses	loss	NOUN
iiclr-17591	712	44	of	of	ADP
iiclr-17591	712	45	insolvent	insolvent	ADJ
iiclr-17591	712	46	companies	company	NOUN
iiclr-17591	712	47	.	.	PUNCT
iiclr-17591	713	1	most	most	ADJ
iiclr-17591	713	2	liability	liability	NOUN
iiclr-17591	713	3	suits	suit	NOUN
iiclr-17591	713	4	against	against	ADP
iiclr-17591	713	5	directors	director	NOUN
iiclr-17591	713	6	and	and	CCONJ
iiclr-17591	713	7	auditors	auditor	NOUN
iiclr-17591	713	8	are	be	AUX
iiclr-17591	713	9	instituted	institute	VERB
iiclr-17591	713	10	by	by	ADP
iiclr-17591	713	11	bankruptcy	bankruptcy	NOUN
iiclr-17591	713	12	trustees	trustee	NOUN
iiclr-17591	713	13	who	who	PRON
iiclr-17591	713	14	want	want	VERB
iiclr-17591	713	15	to	to	PART
iiclr-17591	713	16	enrich	enrich	VERB
iiclr-17591	713	17	the	the	DET
iiclr-17591	713	18	estate	estate	NOUN
iiclr-17591	713	19	by	by	ADP
iiclr-17591	713	20	trying	try	VERB
iiclr-17591	713	21	to	to	PART
iiclr-17591	713	22	involve	involve	VERB
iiclr-17591	713	23	auditors	auditor	NOUN
iiclr-17591	713	24	,	,	PUNCT
iiclr-17591	713	25	often	often	ADV
iiclr-17591	713	26	professionals	professional	NOUN
iiclr-17591	713	27	with	with	ADP
iiclr-17591	713	28	deep	deep	ADJ
iiclr-17591	713	29	pockets	pocket	NOUN
iiclr-17591	713	30	or	or	CCONJ
iiclr-17591	713	31	insurance.80	insurance.80	PRON
iiclr-17591	713	32	it	it	PRON
iiclr-17591	713	33	is	be	AUX
iiclr-17591	713	34	up	up	ADP
iiclr-17591	713	35	to	to	ADP
iiclr-17591	713	36	the	the	DET
iiclr-17591	713	37	courts	court	NOUN
iiclr-17591	713	38	to	to	PART
iiclr-17591	713	39	discourage	discourage	VERB
iiclr-17591	713	40	this	this	DET
iiclr-17591	713	41	type	type	NOUN
iiclr-17591	713	42	of	of	ADP
iiclr-17591	713	43	action	action	NOUN
iiclr-17591	713	44	.	.	PUNCT
iiclr-17591	714	1	courts	court	NOUN
iiclr-17591	714	2	seem	seem	VERB
iiclr-17591	714	3	to	to	PART
iiclr-17591	714	4	strike	strike	VERB
iiclr-17591	714	5	an	an	DET
iiclr-17591	714	6	appropriate	appropriate	ADJ
iiclr-17591	714	7	balance	balance	NOUN
iiclr-17591	714	8	when	when	SCONJ
iiclr-17591	714	9	they	they	PRON
iiclr-17591	714	10	dismiss	dismiss	VERB
iiclr-17591	714	11	charges	charge	NOUN
iiclr-17591	714	12	against	against	ADP
iiclr-17591	714	13	auditors	auditor	NOUN
iiclr-17591	714	14	that	that	PRON
iiclr-17591	714	15	diligently	diligently	ADV
iiclr-17591	714	16	fulfilled	fulfil	VERB
iiclr-17591	714	17	their	their	PRON
iiclr-17591	714	18	77	77	NUM
iiclr-17591	714	19	.	.	PUNCT
iiclr-17591	715	1	judgment	judgment	NOUN
iiclr-17591	715	2	of	of	ADP
iiclr-17591	715	3	may	may	PROPN
iiclr-17591	715	4	7	7	NUM
iiclr-17591	715	5	,	,	PUNCT
iiclr-17591	715	6	1993	1993	NUM
iiclr-17591	715	7	,	,	PUNCT
iiclr-17591	715	8	no	no	INTJ
iiclr-17591	715	9	.	.	NOUN
iiclr-17591	715	10	5263	5263	NUM
iiclr-17591	715	11	,	,	PUNCT
iiclr-17591	715	12	cass	cass	PROPN
iiclr-17591	715	13	.	.	PUNCT
iiclr-17591	715	14	civ	civ	PROPN
iiclr-17591	715	15	.	.	PROPN
iiclr-17591	715	16	,	,	PUNCT
iiclr-17591	715	17	1994	1994	NUM
iiclr-17591	715	18	foro	foro	PROPN
iiclr-17591	715	19	italiano	italiano	PROPN
iiclr-17591	715	20	i	i	PRON
iiclr-17591	715	21	,	,	PUNCT
iiclr-17591	715	22	130	130	NUM
iiclr-17591	715	23	(	(	PUNCT
iiclr-17591	715	24	involving	involve	VERB
iiclr-17591	715	25	no	no	DET
iiclr-17591	715	26	intervention	intervention	NOUN
iiclr-17591	715	27	against	against	ADP
iiclr-17591	715	28	a	a	DET
iiclr-17591	715	29	series	series	NOUN
iiclr-17591	715	30	of	of	ADP
iiclr-17591	715	31	grossly	grossly	ADV
iiclr-17591	715	32	negligent	negligent	ADJ
iiclr-17591	715	33	and	and	CCONJ
iiclr-17591	715	34	unlawful	unlawful	ADJ
iiclr-17591	715	35	acts	act	NOUN
iiclr-17591	715	36	causing	cause	VERB
iiclr-17591	715	37	the	the	DET
iiclr-17591	715	38	company	company	NOUN
iiclr-17591	715	39	heavy	heavy	ADJ
iiclr-17591	715	40	losses	loss	NOUN
iiclr-17591	715	41	;	;	PUNCT
iiclr-17591	715	42	the	the	DET
iiclr-17591	715	43	significance	significance	NOUN
iiclr-17591	715	44	of	of	ADP
iiclr-17591	715	45	the	the	DET
iiclr-17591	715	46	case	case	NOUN
iiclr-17591	715	47	is	be	AUX
iiclr-17591	715	48	discussed	discuss	VERB
iiclr-17591	715	49	supra	supra	PROPN
iiclr-17591	715	50	note	note	PROPN
iiclr-17591	715	51	63	63	NUM
iiclr-17591	715	52	)	)	PUNCT
iiclr-17591	715	53	;	;	PUNCT
iiclr-17591	716	1	judgment	judgment	NOUN
iiclr-17591	716	2	of	of	ADP
iiclr-17591	716	3	oct	oct	PROPN
iiclr-17591	716	4	.	.	PROPN
iiclr-17591	716	5	9	9	NUM
iiclr-17591	716	6	,	,	PUNCT
iiclr-17591	716	7	1986	1986	NUM
iiclr-17591	716	8	,	,	PUNCT
iiclr-17591	716	9	no	no	INTJ
iiclr-17591	716	10	.	.	NOUN
iiclr-17591	716	11	5928	5928	NUM
iiclr-17591	716	12	,	,	PUNCT
iiclr-17591	716	13	cass	cass	PROPN
iiclr-17591	716	14	.	.	PUNCT
iiclr-17591	716	15	civ	civ	PROPN
iiclr-17591	716	16	.	.	PROPN
iiclr-17591	716	17	,	,	PUNCT
iiclr-17591	716	18	1986	1986	NUM
iiclr-17591	716	19	le	le	X
iiclr-17591	716	20	societa	societa	PROPN
iiclr-17591	716	21	,	,	PUNCT
iiclr-17591	716	22	1314	1314	NUM
iiclr-17591	716	23	(	(	PUNCT
iiclr-17591	716	24	causation	causation	NOUN
iiclr-17591	716	25	found	find	VERB
iiclr-17591	716	26	in	in	ADP
iiclr-17591	716	27	the	the	DET
iiclr-17591	716	28	failure	failure	NOUN
iiclr-17591	716	29	to	to	PART
iiclr-17591	716	30	control	control	VERB
iiclr-17591	716	31	the	the	DET
iiclr-17591	716	32	accounting	accounting	NOUN
iiclr-17591	716	33	system	system	NOUN
iiclr-17591	716	34	and	and	CCONJ
iiclr-17591	716	35	detect	detect	VERB
iiclr-17591	716	36	clear	clear	ADJ
iiclr-17591	716	37	embezzlements	embezzlement	NOUN
iiclr-17591	716	38	)	)	PUNCT
iiclr-17591	716	39	;	;	PUNCT
iiclr-17591	716	40	judgment	judgment	NOUN
iiclr-17591	716	41	of	of	ADP
iiclr-17591	716	42	oct	oct	PROPN
iiclr-17591	716	43	.	.	PROPN
iiclr-17591	716	44	13	13	NUM
iiclr-17591	716	45	,	,	PUNCT
iiclr-17591	716	46	1988	1988	NUM
iiclr-17591	716	47	,	,	PUNCT
iiclr-17591	716	48	tribunal	tribunal	NOUN
iiclr-17591	716	49	of	of	ADP
iiclr-17591	716	50	milan	milan	PROPN
iiclr-17591	716	51	,	,	PUNCT
iiclr-17591	716	52	1989	1989	NUM
iiclr-17591	716	53	dirrrro	dirrrro	PROPN
iiclr-17591	716	54	fallimentare	fallimentare	PROPN
iiclr-17591	716	55	ii	ii	PROPN
iiclr-17591	716	56	,	,	PUNCT
iiclr-17591	716	57	at	at	ADP
iiclr-17591	716	58	442	442	NUM
iiclr-17591	716	59	(	(	PUNCT
iiclr-17591	716	60	omission	omission	NOUN
iiclr-17591	716	61	of	of	ADP
iiclr-17591	716	62	controls	control	NOUN
iiclr-17591	716	63	facilitated	facilitate	VERB
iiclr-17591	716	64	embezzlements	embezzlement	NOUN
iiclr-17591	716	65	by	by	ADP
iiclr-17591	716	66	the	the	DET
iiclr-17591	716	67	directors	director	NOUN
iiclr-17591	716	68	)	)	PUNCT
iiclr-17591	716	69	.	.	PUNCT
iiclr-17591	717	1	78	78	NUM
iiclr-17591	717	2	.	.	PUNCT
iiclr-17591	718	1	judgment	judgment	NOUN
iiclr-17591	718	2	of	of	ADP
iiclr-17591	718	3	apr	apr	PROPN
iiclr-17591	718	4	.	.	PROPN
iiclr-17591	718	5	4	4	NUM
iiclr-17591	718	6	,	,	PUNCT
iiclr-17591	718	7	1977	1977	NUM
iiclr-17591	718	8	,	,	PUNCT
iiclr-17591	718	9	no	no	NOUN
iiclr-17591	718	10	.	.	NOUN
iiclr-17591	718	11	1281	1281	NUM
iiclr-17591	718	12	,	,	PUNCT
iiclr-17591	718	13	cass	cass	PROPN
iiclr-17591	718	14	.	.	PUNCT
iiclr-17591	718	15	civ	civ	PROPN
iiclr-17591	718	16	.	.	PROPN
iiclr-17591	718	17	,	,	PUNCT
iiclr-17591	718	18	1977	1977	NUM
iiclr-17591	718	19	giurisprudenza	giurisprudenza	NOUN
iiclr-17591	718	20	commerciale	commerciale	PROPN
iiclr-17591	718	21	n1	n1	NOUN
iiclr-17591	718	22	,	,	PUNCT
iiclr-17591	718	23	449	449	NUM
iiclr-17591	718	24	(	(	PUNCT
iiclr-17591	718	25	failure	failure	NOUN
iiclr-17591	718	26	to	to	PART
iiclr-17591	718	27	control	control	VERB
iiclr-17591	718	28	the	the	DET
iiclr-17591	718	29	financial	financial	ADJ
iiclr-17591	718	30	situation	situation	NOUN
iiclr-17591	718	31	and	and	CCONJ
iiclr-17591	718	32	the	the	DET
iiclr-17591	718	33	accounting	accounting	NOUN
iiclr-17591	718	34	system	system	NOUN
iiclr-17591	718	35	of	of	ADP
iiclr-17591	718	36	the	the	DET
iiclr-17591	718	37	company	company	NOUN
iiclr-17591	718	38	allowed	allow	VERB
iiclr-17591	718	39	directors	director	NOUN
iiclr-17591	718	40	to	to	PART
iiclr-17591	718	41	keep	keep	VERB
iiclr-17591	718	42	on	on	ADP
iiclr-17591	718	43	running	run	VERB
iiclr-17591	718	44	it	it	PRON
iiclr-17591	718	45	,	,	PUNCT
iiclr-17591	718	46	thus	thus	ADV
iiclr-17591	718	47	aggravating	aggravate	VERB
iiclr-17591	718	48	the	the	DET
iiclr-17591	718	49	crisis	crisis	NOUN
iiclr-17591	718	50	)	)	PUNCT
iiclr-17591	718	51	;	;	PUNCT
iiclr-17591	718	52	judgment	judgment	NOUN
iiclr-17591	718	53	of	of	ADP
iiclr-17591	718	54	mar	mar	PROPN
iiclr-17591	718	55	.	.	PROPN
iiclr-17591	718	56	28	28	NUM
iiclr-17591	718	57	,	,	PUNCT
iiclr-17591	718	58	1980	1980	NUM
iiclr-17591	718	59	,	,	PUNCT
iiclr-17591	718	60	appellate	appellate	ADJ
iiclr-17591	718	61	court	court	NOUN
iiclr-17591	718	62	of	of	ADP
iiclr-17591	718	63	milan	milan	PROPN
iiclr-17591	718	64	,	,	PUNCT
iiclr-17591	718	65	1982	1982	NUM
iiclr-17591	718	66	giurisprudenza	giurisprudenza	NOUN
iiclr-17591	718	67	italiana	italiana	PROPN
iiclr-17591	718	68	1	1	NUM
iiclr-17591	718	69	-	-	SYM
iiclr-17591	718	70	2	2	NUM
iiclr-17591	718	71	,	,	PUNCT
iiclr-17591	718	72	219	219	NUM
iiclr-17591	718	73	;	;	PUNCT
iiclr-17591	718	74	judgment	judgment	NOUN
iiclr-17591	718	75	of	of	ADP
iiclr-17591	718	76	jan	jan	PROPN
iiclr-17591	718	77	.	.	PROPN
iiclr-17591	718	78	24	24	NUM
iiclr-17591	718	79	,	,	PUNCT
iiclr-17591	718	80	1983	1983	NUM
iiclr-17591	718	81	,	,	PUNCT
iiclr-17591	718	82	tribunal	tribunal	NOUN
iiclr-17591	718	83	of	of	ADP
iiclr-17591	718	84	milan	milan	PROPN
iiclr-17591	718	85	,	,	PUNCT
iiclr-17591	718	86	1983	1983	NUM
iiclr-17591	718	87	il	il	PROPN
iiclr-17591	718	88	fallimento	fallimento	PROPN
iiclr-17591	718	89	811	811	NUM
iiclr-17591	718	90	.	.	PUNCT
iiclr-17591	719	1	79	79	NUM
iiclr-17591	719	2	.	.	PUNCT
iiclr-17591	719	3	cavalli	cavalli	PROPN
iiclr-17591	719	4	,	,	PUNCT
iiclr-17591	719	5	supra	supra	PROPN
iiclr-17591	719	6	note	note	NOUN
iiclr-17591	719	7	75	75	NUM
iiclr-17591	719	8	,	,	PUNCT
iiclr-17591	719	9	at	at	ADP
iiclr-17591	719	10	175	175	NUM
iiclr-17591	719	11	&	&	CCONJ
iiclr-17591	719	12	n.	n.	PROPN
iiclr-17591	719	13	59	59	NUM
iiclr-17591	719	14	;	;	PUNCT
iiclr-17591	719	15	less	less	ADV
iiclr-17591	719	16	clear	clear	ADJ
iiclr-17591	719	17	guido	guido	NOUN
iiclr-17591	719	18	uberto	uberto	PROPN
iiclr-17591	719	19	tedeschi	tedeschi	PROPN
iiclr-17591	719	20	,	,	PUNCT
iiclr-17591	719	21	il	il	PROPN
iiclr-17591	719	22	collegio	collegio	PROPN
iiclr-17591	719	23	sindacale	sindacale	PROPN
iiclr-17591	719	24	382	382	NUM
iiclr-17591	719	25	(	(	PUNCT
iiclr-17591	719	26	1992	1992	NUM
iiclr-17591	719	27	)	)	PUNCT
iiclr-17591	719	28	.	.	PUNCT
iiclr-17591	720	1	same	same	ADJ
iiclr-17591	720	2	result	result	NOUN
iiclr-17591	720	3	when	when	SCONJ
iiclr-17591	720	4	directors	director	NOUN
iiclr-17591	720	5	and	and	CCONJ
iiclr-17591	720	6	shareholders	shareholder	NOUN
iiclr-17591	720	7	physically	physically	ADV
iiclr-17591	720	8	coincide	coincide	NOUN
iiclr-17591	720	9	:	:	PUNCT
iiclr-17591	720	10	cavalli	cavalli	PROPN
iiclr-17591	720	11	,	,	PUNCT
iiclr-17591	720	12	supra	supra	PROPN
iiclr-17591	720	13	,	,	PUNCT
iiclr-17591	720	14	at	at	ADP
iiclr-17591	720	15	175	175	NUM
iiclr-17591	720	16	n.	n.	NOUN
iiclr-17591	720	17	60	60	NUM
iiclr-17591	720	18	;	;	PUNCT
iiclr-17591	720	19	judgment	judgment	NOUN
iiclr-17591	720	20	of	of	ADP
iiclr-17591	720	21	oct	oct	PROPN
iiclr-17591	720	22	.	.	PROPN
iiclr-17591	720	23	16	16	NUM
iiclr-17591	720	24	,	,	PUNCT
iiclr-17591	720	25	1959	1959	NUM
iiclr-17591	720	26	,	,	PUNCT
iiclr-17591	720	27	no	no	NOUN
iiclr-17591	720	28	.	.	NOUN
iiclr-17591	720	29	2886	2886	NUM
iiclr-17591	720	30	,	,	PUNCT
iiclr-17591	720	31	cass	cass	PROPN
iiclr-17591	720	32	.	.	PUNCT
iiclr-17591	720	33	civ	civ	PROPN
iiclr-17591	720	34	.	.	PROPN
iiclr-17591	720	35	,	,	PUNCT
iiclr-17591	720	36	1959	1959	NUM
iiclr-17591	720	37	dirriro	dirriro	NOUN
iiclr-17591	720	38	fallimentare	fallimentare	NOUN
iiclr-17591	720	39	11	11	NUM
iiclr-17591	720	40	,	,	PUNCT
iiclr-17591	720	41	913	913	NUM
iiclr-17591	720	42	(	(	PUNCT
iiclr-17591	720	43	the	the	DET
iiclr-17591	720	44	statement	statement	NOUN
iiclr-17591	720	45	is	be	AUX
iiclr-17591	720	46	dictum	dictum	NOUN
iiclr-17591	720	47	,	,	PUNCT
iiclr-17591	720	48	however	however	ADV
iiclr-17591	720	49	)	)	PUNCT
iiclr-17591	720	50	;	;	PUNCT
iiclr-17591	720	51	judgment	judgment	NOUN
iiclr-17591	720	52	of	of	ADP
iiclr-17591	720	53	july	july	PROPN
iiclr-17591	720	54	9	9	NUM
iiclr-17591	720	55	,	,	PUNCT
iiclr-17591	720	56	1975	1975	NUM
iiclr-17591	720	57	,	,	PUNCT
iiclr-17591	720	58	appellate	appellate	ADJ
iiclr-17591	720	59	court	court	NOUN
iiclr-17591	720	60	of	of	ADP
iiclr-17591	720	61	turin	turin	PROPN
iiclr-17591	720	62	,	,	PUNCT
iiclr-17591	720	63	1976	1976	NUM
iiclr-17591	720	64	giurisprudenza	giurisprudenza	PROPN
iiclr-17591	720	65	commerciale	commerciale	PROPN
iiclr-17591	720	66	ii	ii	PROPN
iiclr-17591	720	67	,	,	PUNCT
iiclr-17591	720	68	871	871	NUM
iiclr-17591	720	69	.	.	PUNCT
iiclr-17591	721	1	there	there	PRON
iiclr-17591	721	2	may	may	AUX
iiclr-17591	721	3	be	be	AUX
iiclr-17591	721	4	two	two	NUM
iiclr-17591	721	5	reasons	reason	NOUN
iiclr-17591	721	6	for	for	ADP
iiclr-17591	721	7	this	this	DET
iiclr-17591	721	8	seeming	seem	VERB
iiclr-17591	721	9	severity	severity	NOUN
iiclr-17591	721	10	,	,	PUNCT
iiclr-17591	721	11	one	one	NUM
iiclr-17591	721	12	dictated	dictate	VERB
iiclr-17591	721	13	by	by	ADP
iiclr-17591	721	14	pure	pure	ADJ
iiclr-17591	721	15	law	law	NOUN
iiclr-17591	721	16	and	and	CCONJ
iiclr-17591	721	17	the	the	DET
iiclr-17591	721	18	other	other	ADJ
iiclr-17591	721	19	by	by	ADP
iiclr-17591	721	20	policy	policy	NOUN
iiclr-17591	721	21	considerations	consideration	NOUN
iiclr-17591	721	22	.	.	PUNCT
iiclr-17591	722	1	on	on	ADP
iiclr-17591	722	2	the	the	DET
iiclr-17591	722	3	one	one	NUM
iiclr-17591	722	4	hand	hand	NOUN
iiclr-17591	722	5	,	,	PUNCT
iiclr-17591	722	6	the	the	DET
iiclr-17591	722	7	violations	violation	NOUN
iiclr-17591	722	8	and/or	and/or	CCONJ
iiclr-17591	722	9	the	the	DET
iiclr-17591	722	10	delay	delay	NOUN
iiclr-17591	722	11	in	in	ADP
iiclr-17591	722	12	reporting	report	VERB
iiclr-17591	722	13	a	a	DET
iiclr-17591	722	14	crisis	crisis	NOUN
iiclr-17591	722	15	may	may	AUX
iiclr-17591	722	16	cause	cause	VERB
iiclr-17591	722	17	harm	harm	NOUN
iiclr-17591	722	18	to	to	ADP
iiclr-17591	722	19	both	both	DET
iiclr-17591	722	20	shareholders	shareholder	NOUN
iiclr-17591	722	21	and	and	CCONJ
iiclr-17591	722	22	creditors	creditor	NOUN
iiclr-17591	722	23	,	,	PUNCT
iiclr-17591	722	24	who	who	PRON
iiclr-17591	722	25	might	might	AUX
iiclr-17591	722	26	not	not	PART
iiclr-17591	722	27	have	have	AUX
iiclr-17591	722	28	dealt	deal	VERB
iiclr-17591	722	29	with	with	ADP
iiclr-17591	722	30	the	the	DET
iiclr-17591	722	31	company	company	NOUN
iiclr-17591	722	32	had	have	AUX
iiclr-17591	722	33	they	they	PRON
iiclr-17591	722	34	known	know	VERB
iiclr-17591	722	35	its	its	PRON
iiclr-17591	722	36	situation	situation	NOUN
iiclr-17591	722	37	.	.	PUNCT
iiclr-17591	723	1	most	most	ADJ
iiclr-17591	723	2	of	of	ADP
iiclr-17591	723	3	the	the	DET
iiclr-17591	723	4	actions	action	NOUN
iiclr-17591	723	5	against	against	ADP
iiclr-17591	723	6	auditors	auditor	NOUN
iiclr-17591	723	7	are	be	AUX
iiclr-17591	723	8	brought	bring	VERB
iiclr-17591	723	9	in	in	ADP
iiclr-17591	723	10	bankruptcy	bankruptcy	NOUN
iiclr-17591	723	11	,	,	PUNCT
iiclr-17591	723	12	where	where	SCONJ
iiclr-17591	723	13	both	both	CCONJ
iiclr-17591	723	14	the	the	DET
iiclr-17591	723	15	rights	right	NOUN
iiclr-17591	723	16	of	of	ADP
iiclr-17591	723	17	the	the	DET
iiclr-17591	723	18	shareholders	shareholder	NOUN
iiclr-17591	723	19	and	and	CCONJ
iiclr-17591	723	20	of	of	ADP
iiclr-17591	723	21	the	the	DET
iiclr-17591	723	22	creditors	creditor	NOUN
iiclr-17591	723	23	are	be	AUX
iiclr-17591	723	24	asserted	assert	VERB
iiclr-17591	723	25	.	.	PUNCT
iiclr-17591	724	1	on	on	ADP
iiclr-17591	724	2	the	the	DET
iiclr-17591	724	3	other	other	ADJ
iiclr-17591	724	4	hand	hand	NOUN
iiclr-17591	724	5	,	,	PUNCT
iiclr-17591	724	6	courts	court	NOUN
iiclr-17591	724	7	probably	probably	ADV
iiclr-17591	724	8	perceive	perceive	VERB
iiclr-17591	724	9	the	the	DET
iiclr-17591	724	10	danger	danger	NOUN
iiclr-17591	724	11	of	of	ADP
iiclr-17591	724	12	a	a	DET
iiclr-17591	724	13	defense	defense	NOUN
iiclr-17591	724	14	resting	rest	VERB
iiclr-17591	724	15	on	on	ADP
iiclr-17591	724	16	the	the	DET
iiclr-17591	724	17	shareholders	shareholder	NOUN
iiclr-17591	724	18	participation	participation	NOUN
iiclr-17591	724	19	in	in	ADP
iiclr-17591	724	20	the	the	DET
iiclr-17591	724	21	fraud	fraud	NOUN
iiclr-17591	724	22	.	.	PUNCT
iiclr-17591	725	1	80	80	NUM
iiclr-17591	725	2	.	.	PUNCT
iiclr-17591	726	1	galgano	galgano	PROPN
iiclr-17591	726	2	,	,	PUNCT
iiclr-17591	726	3	supra	supra	PROPN
iiclr-17591	726	4	note	note	NOUN
iiclr-17591	726	5	30	30	NUM
iiclr-17591	726	6	,	,	PUNCT
iiclr-17591	726	7	at	at	ADP
iiclr-17591	726	8	314	314	NUM
iiclr-17591	726	9	n.	n.	NOUN
iiclr-17591	726	10	14	14	NUM
iiclr-17591	726	11	(	(	PUNCT
iiclr-17591	726	12	noting	note	VERB
iiclr-17591	726	13	the	the	DET
iiclr-17591	726	14	widespread	widespread	ADJ
iiclr-17591	726	15	diffusion	diffusion	NOUN
iiclr-17591	726	16	of	of	ADP
iiclr-17591	726	17	insurance	insurance	NOUN
iiclr-17591	726	18	policies	policy	NOUN
iiclr-17591	726	19	covering	cover	VERB
iiclr-17591	726	20	the	the	DET
iiclr-17591	726	21	liability	liability	NOUN
iiclr-17591	726	22	incurred	incur	VERB
iiclr-17591	726	23	by	by	ADP
iiclr-17591	726	24	professionals	professional	NOUN
iiclr-17591	726	25	serving	serve	VERB
iiclr-17591	726	26	as	as	ADP
iiclr-17591	726	27	auditors	auditor	NOUN
iiclr-17591	726	28	,	,	PUNCT
iiclr-17591	726	29	and	and	CCONJ
iiclr-17591	726	30	suggests	suggest	VERB
iiclr-17591	726	31	the	the	DET
iiclr-17591	726	32	possibility	possibility	NOUN
iiclr-17591	726	33	of	of	ADP
iiclr-17591	726	34	voiding	void	VERB
iiclr-17591	726	35	that	that	DET
iiclr-17591	726	36	part	part	NOUN
iiclr-17591	726	37	of	of	ADP
iiclr-17591	726	38	the	the	DET
iiclr-17591	726	39	coverage	coverage	NOUN
iiclr-17591	726	40	because	because	SCONJ
iiclr-17591	726	41	of	of	ADP
iiclr-17591	726	42	its	its	PRON
iiclr-17591	726	43	ability	ability	NOUN
iiclr-17591	726	44	to	to	PART
iiclr-17591	726	45	reduce	reduce	VERB
iiclr-17591	726	46	professionals	professional	NOUN
iiclr-17591	726	47	'	'	PART
iiclr-17591	726	48	incentive	incentive	NOUN
iiclr-17591	726	49	to	to	PART
iiclr-17591	726	50	monitor	monitor	VERB
iiclr-17591	726	51	effectively	effectively	ADV
iiclr-17591	726	52	)	)	PUNCT
iiclr-17591	726	53	.	.	PUNCT
iiclr-17591	727	1	the	the	DET
iiclr-17591	727	2	conclusion	conclusion	NOUN
iiclr-17591	727	3	is	be	AUX
iiclr-17591	727	4	certainly	certainly	ADV
iiclr-17591	727	5	too	too	ADV
iiclr-17591	727	6	broad	broad	ADJ
iiclr-17591	727	7	and	and	CCONJ
iiclr-17591	727	8	must	must	AUX
iiclr-17591	727	9	be	be	AUX
iiclr-17591	727	10	balanced	balance	VERB
iiclr-17591	727	11	against	against	ADP
iiclr-17591	727	12	the	the	DET
iiclr-17591	727	13	risk	risk	NOUN
iiclr-17591	727	14	of	of	ADP
iiclr-17591	727	15	discouraging	discourage	VERB
iiclr-17591	727	16	the	the	DET
iiclr-17591	727	17	best	good	ADJ
iiclr-17591	727	18	professionals	professional	NOUN
iiclr-17591	727	19	to	to	PART
iiclr-17591	727	20	serve	serve	VERB
iiclr-17591	727	21	as	as	ADP
iiclr-17591	727	22	auditors	auditor	NOUN
iiclr-17591	727	23	.	.	PUNCT
iiclr-17591	728	1	see	see	VERB
iiclr-17591	728	2	,	,	PUNCT
iiclr-17591	728	3	in	in	ADP
iiclr-17591	728	4	the	the	DET
iiclr-17591	728	5	united	united	PROPN
iiclr-17591	728	6	states	states	PROPN
iiclr-17591	728	7	,	,	PUNCT
iiclr-17591	728	8	the	the	DET
iiclr-17591	728	9	debate	debate	NOUN
iiclr-17591	728	10	and	and	CCONJ
iiclr-17591	728	11	the	the	DET
iiclr-17591	728	12	legislative	legislative	ADJ
iiclr-17591	728	13	changes	change	NOUN
iiclr-17591	728	14	following	follow	VERB
iiclr-17591	728	15	smith	smith	PROPN
iiclr-17591	728	16	v.	v.	ADP
iiclr-17591	728	17	van	van	PROPN
iiclr-17591	728	18	gorkom	gorkom	PROPN
iiclr-17591	728	19	,	,	PUNCT
iiclr-17591	728	20	488	488	NUM
iiclr-17591	728	21	a.2d	a.2d	SYM
iiclr-17591	728	22	858	858	NUM
iiclr-17591	728	23	(	(	PUNCT
iiclr-17591	728	24	del	del	PROPN
iiclr-17591	728	25	.	.	PROPN
iiclr-17591	728	26	1985	1985	NUM
iiclr-17591	728	27	)	)	PUNCT
iiclr-17591	728	28	.	.	PUNCT
iiclr-17591	729	1	moreover	moreover	ADV
iiclr-17591	729	2	,	,	PUNCT
iiclr-17591	729	3	it	it	PRON
iiclr-17591	729	4	is	be	AUX
iiclr-17591	729	5	clear	clear	ADJ
iiclr-17591	729	6	that	that	SCONJ
iiclr-17591	729	7	the	the	DET
iiclr-17591	729	8	possibility	possibility	NOUN
iiclr-17591	729	9	of	of	ADP
iiclr-17591	729	10	reputational	reputational	ADJ
iiclr-17591	729	11	harm	harm	NOUN
iiclr-17591	729	12	deriving	derive	VERB
iiclr-17591	729	13	from	from	ADP
iiclr-17591	729	14	an	an	DET
iiclr-17591	729	15	adverse	adverse	ADJ
iiclr-17591	729	16	judgment	judgment	NOUN
iiclr-17591	729	17	contributes	contribute	VERB
iiclr-17591	729	18	to	to	ADP
iiclr-17591	729	19	keeping	keep	VERB
iiclr-17591	729	20	auditors	auditor	NOUN
iiclr-17591	729	21	alert	alert	VERB
iiclr-17591	729	22	.	.	PUNCT
iiclr-17591	730	1	[	[	X
iiclr-17591	730	2	vol	vol	NOUN
iiclr-17591	730	3	.	.	PUNCT
iiclr-17591	731	1	6:1	6:1	NUM
iiclr-17591	731	2	corporate	corporate	ADJ
iiclr-17591	731	3	governance	governance	NOUN
iiclr-17591	731	4	in	in	ADP
iiclr-17591	731	5	italy	italy	PROPN
iiclr-17591	731	6	duties	duty	NOUN
iiclr-17591	731	7	"	"	PUNCT
iiclr-17591	731	8	'	'	PUNCT
iiclr-17591	731	9	or	or	CCONJ
iiclr-17591	731	10	were	be	AUX
iiclr-17591	731	11	unable	unable	ADJ
iiclr-17591	731	12	to	to	PART
iiclr-17591	731	13	detect	detect	VERB
iiclr-17591	731	14	skillfully	skillfully	ADV
iiclr-17591	731	15	concealed	conceal	VERB
iiclr-17591	731	16	directors	director	NOUN
iiclr-17591	731	17	'	'	PART
iiclr-17591	731	18	acts	act	NOUN
iiclr-17591	731	19	of	of	ADP
iiclr-17591	731	20	mismanagement	mismanagement	NOUN
iiclr-17591	731	21	or	or	CCONJ
iiclr-17591	731	22	misappropriation	misappropriation	NOUN
iiclr-17591	731	23	.	.	PUNCT
iiclr-17591	732	1	2	2	NUM
iiclr-17591	732	2	it	it	PRON
iiclr-17591	732	3	is	be	AUX
iiclr-17591	732	4	difficult	difficult	ADJ
iiclr-17591	732	5	to	to	PART
iiclr-17591	732	6	assess	assess	VERB
iiclr-17591	732	7	whether	whether	SCONJ
iiclr-17591	732	8	the	the	DET
iiclr-17591	732	9	board	board	NOUN
iiclr-17591	732	10	of	of	ADP
iiclr-17591	732	11	auditors	auditor	NOUN
iiclr-17591	732	12	is	be	AUX
iiclr-17591	732	13	an	an	DET
iiclr-17591	732	14	effective	effective	ADJ
iiclr-17591	732	15	institution	institution	NOUN
iiclr-17591	732	16	.	.	PUNCT
iiclr-17591	733	1	the	the	DET
iiclr-17591	733	2	answer	answer	NOUN
iiclr-17591	733	3	probably	probably	ADV
iiclr-17591	733	4	varies	vary	VERB
iiclr-17591	733	5	with	with	ADP
iiclr-17591	733	6	the	the	DET
iiclr-17591	733	7	size	size	NOUN
iiclr-17591	733	8	of	of	ADP
iiclr-17591	733	9	the	the	DET
iiclr-17591	733	10	company	company	NOUN
iiclr-17591	733	11	.	.	PUNCT
iiclr-17591	734	1	it	it	PRON
iiclr-17591	734	2	is	be	AUX
iiclr-17591	734	3	clear	clear	ADJ
iiclr-17591	734	4	that	that	SCONJ
iiclr-17591	734	5	a	a	DET
iiclr-17591	734	6	handful	handful	NOUN
iiclr-17591	734	7	of	of	ADP
iiclr-17591	734	8	part	part	ADJ
iiclr-17591	734	9	-	-	PUNCT
iiclr-17591	734	10	time	time	NOUN
iiclr-17591	734	11	professionals	professional	NOUN
iiclr-17591	734	12	alone	alone	ADV
iiclr-17591	734	13	can	can	AUX
iiclr-17591	734	14	not	not	PART
iiclr-17591	734	15	assure	assure	VERB
iiclr-17591	734	16	airtight	airtight	NOUN
iiclr-17591	734	17	monitoring	monitoring	NOUN
iiclr-17591	734	18	in	in	ADP
iiclr-17591	734	19	very	very	ADV
iiclr-17591	734	20	large	large	ADJ
iiclr-17591	734	21	companies.83	companies.83	NOUN
iiclr-17591	734	22	it	it	PRON
iiclr-17591	734	23	is	be	AUX
iiclr-17591	734	24	far	far	ADV
iiclr-17591	734	25	less	less	ADV
iiclr-17591	734	26	clear	clear	ADJ
iiclr-17591	734	27	that	that	SCONJ
iiclr-17591	734	28	they	they	PRON
iiclr-17591	734	29	are	be	AUX
iiclr-17591	734	30	completely	completely	ADV
iiclr-17591	734	31	ineffective	ineffective	ADJ
iiclr-17591	734	32	.	.	PUNCT
iiclr-17591	734	33	"	"	PUNCT
iiclr-17591	735	1	moreover	moreover	ADV
iiclr-17591	735	2	,	,	PUNCT
iiclr-17591	735	3	in	in	ADP
iiclr-17591	735	4	small	small	ADJ
iiclr-17591	735	5	-	-	PUNCT
iiclr-17591	735	6	medium	medium	NOUN
iiclr-17591	735	7	companies	company	NOUN
iiclr-17591	735	8	,	,	PUNCT
iiclr-17591	735	9	where	where	SCONJ
iiclr-17591	735	10	they	they	PRON
iiclr-17591	735	11	may	may	AUX
iiclr-17591	735	12	have	have	VERB
iiclr-17591	735	13	a	a	DET
iiclr-17591	735	14	less	less	ADV
iiclr-17591	735	15	serious	serious	ADJ
iiclr-17591	735	16	informational	informational	ADJ
iiclr-17591	735	17	disadvantage	disadvantage	NOUN
iiclr-17591	735	18	vis	vis	X
iiclr-17591	735	19	-	-	PUNCT
iiclr-17591	735	20	a	a	PRON
iiclr-17591	735	21	-	-	PUNCT
iiclr-17591	735	22	vis	vis	X
iiclr-17591	735	23	directors	director	NOUN
iiclr-17591	735	24	than	than	ADP
iiclr-17591	735	25	in	in	ADP
iiclr-17591	735	26	large	large	ADJ
iiclr-17591	735	27	ones	one	NOUN
iiclr-17591	735	28	,	,	PUNCT
iiclr-17591	735	29	their	their	PRON
iiclr-17591	735	30	goals	goal	NOUN
iiclr-17591	735	31	seem	seem	VERB
iiclr-17591	735	32	reasonably	reasonably	ADV
iiclr-17591	735	33	achievable	achievable	ADJ
iiclr-17591	735	34	.	.	PUNCT
iiclr-17591	736	1	an	an	DET
iiclr-17591	736	2	assessment	assessment	NOUN
iiclr-17591	736	3	of	of	ADP
iiclr-17591	736	4	past	past	ADJ
iiclr-17591	736	5	cases	case	NOUN
iiclr-17591	736	6	alone	alone	ADV
iiclr-17591	736	7	is	be	AUX
iiclr-17591	736	8	not	not	PART
iiclr-17591	736	9	sufficient	sufficient	ADJ
iiclr-17591	736	10	.	.	PUNCT
iiclr-17591	737	1	first	first	ADV
iiclr-17591	737	2	,	,	PUNCT
iiclr-17591	737	3	the	the	DET
iiclr-17591	737	4	qualifications	qualification	NOUN
iiclr-17591	737	5	for	for	ADP
iiclr-17591	737	6	serving	serve	VERB
iiclr-17591	737	7	on	on	ADP
iiclr-17591	737	8	the	the	DET
iiclr-17591	737	9	board	board	NOUN
iiclr-17591	737	10	of	of	ADP
iiclr-17591	737	11	auditors	auditor	NOUN
iiclr-17591	737	12	is	be	AUX
iiclr-17591	737	13	now	now	ADV
iiclr-17591	737	14	more	more	ADV
iiclr-17591	737	15	stringent	stringent	ADJ
iiclr-17591	737	16	than	than	ADP
iiclr-17591	737	17	before	before	ADP
iiclr-17591	737	18	the	the	DET
iiclr-17591	737	19	reform	reform	NOUN
iiclr-17591	737	20	of	of	ADP
iiclr-17591	737	21	1992	1992	NUM
iiclr-17591	737	22	.	.	PUNCT
iiclr-17591	738	1	therefore	therefore	ADV
iiclr-17591	738	2	,	,	PUNCT
iiclr-17591	738	3	the	the	DET
iiclr-17591	738	4	only	only	ADJ
iiclr-17591	738	5	cases	case	NOUN
iiclr-17591	738	6	giving	give	VERB
iiclr-17591	738	7	an	an	DET
iiclr-17591	738	8	insight	insight	NOUN
iiclr-17591	738	9	into	into	ADP
iiclr-17591	738	10	the	the	DET
iiclr-17591	738	11	future	future	NOUN
iiclr-17591	738	12	are	be	AUX
iiclr-17591	738	13	those	those	PRON
iiclr-17591	738	14	involving	involve	VERB
iiclr-17591	738	15	auditors	auditor	NOUN
iiclr-17591	738	16	with	with	ADP
iiclr-17591	738	17	aprofessional	aprofessional	ADJ
iiclr-17591	738	18	training	training	NOUN
iiclr-17591	738	19	comparable	comparable	ADJ
iiclr-17591	738	20	to	to	ADP
iiclr-17591	738	21	that	that	PRON
iiclr-17591	738	22	required	require	VERB
iiclr-17591	738	23	today	today	NOUN
iiclr-17591	738	24	.	.	PUNCT
iiclr-17591	739	1	second	second	ADJ
iiclr-17591	739	2	,	,	PUNCT
iiclr-17591	739	3	the	the	DET
iiclr-17591	739	4	cases	case	NOUN
iiclr-17591	739	5	tell	tell	VERB
iiclr-17591	739	6	what	what	PRON
iiclr-17591	739	7	has	have	AUX
iiclr-17591	739	8	happened	happen	VERB
iiclr-17591	739	9	notwithstanding	notwithstanding	ADP
iiclr-17591	739	10	auditors	auditor	NOUN
iiclr-17591	739	11	but	but	CCONJ
iiclr-17591	739	12	do	do	AUX
iiclr-17591	739	13	not	not	PART
iiclr-17591	739	14	tell	tell	VERB
iiclr-17591	739	15	what	what	PRON
iiclr-17591	739	16	could	could	AUX
iiclr-17591	739	17	have	have	AUX
iiclr-17591	739	18	happened	happen	VERB
iiclr-17591	739	19	without	without	ADP
iiclr-17591	739	20	them	they	PRON
iiclr-17591	739	21	.	.	PUNCT
iiclr-17591	740	1	on	on	ADP
iiclr-17591	740	2	the	the	DET
iiclr-17591	740	3	one	one	NUM
iiclr-17591	740	4	hand	hand	NOUN
iiclr-17591	740	5	,	,	PUNCT
iiclr-17591	740	6	auditors	auditor	NOUN
iiclr-17591	740	7	are	be	AUX
iiclr-17591	740	8	perceived	perceive	VERB
iiclr-17591	740	9	as	as	ADP
iiclr-17591	740	10	risk	risk	NOUN
iiclr-17591	740	11	-	-	PUNCT
iiclr-17591	740	12	averse	averse	ADJ
iiclr-17591	740	13	monitors	monitor	NOUN
iiclr-17591	740	14	.	.	PUNCT
iiclr-17591	741	1	they	they	PRON
iiclr-17591	741	2	have	have	VERB
iiclr-17591	741	3	nothing	nothing	PRON
iiclr-17591	741	4	to	to	PART
iiclr-17591	741	5	gain	gain	VERB
iiclr-17591	741	6	,	,	PUNCT
iiclr-17591	741	7	at	at	ADP
iiclr-17591	741	8	least	least	ADJ
iiclr-17591	741	9	immediately	immediately	ADV
iiclr-17591	741	10	,	,	PUNCT
iiclr-17591	741	11	from	from	ADP
iiclr-17591	741	12	loosening	loosen	VERB
iiclr-17591	741	13	the	the	DET
iiclr-17591	741	14	standards	standard	NOUN
iiclr-17591	741	15	of	of	ADP
iiclr-17591	741	16	control	control	NOUN
iiclr-17591	741	17	,	,	PUNCT
iiclr-17591	741	18	nor	nor	CCONJ
iiclr-17591	741	19	do	do	AUX
iiclr-17591	741	20	they	they	PRON
iiclr-17591	741	21	have	have	VERB
iiclr-17591	741	22	something	something	PRON
iiclr-17591	741	23	to	to	PART
iiclr-17591	741	24	lose	lose	VERB
iiclr-17591	741	25	from	from	ADP
iiclr-17591	741	26	exerting	exert	VERB
iiclr-17591	741	27	control	control	NOUN
iiclr-17591	741	28	properly	properly	ADV
iiclr-17591	741	29	.	.	PUNCT
iiclr-17591	742	1	5	5	NUM
iiclr-17591	742	2	besides	besides	SCONJ
iiclr-17591	743	1	,	,	PUNCT
iiclr-17591	743	2	the	the	DET
iiclr-17591	743	3	auditors	auditor	NOUN
iiclr-17591	743	4	'	'	PART
iiclr-17591	743	5	risk	risk	NOUN
iiclr-17591	743	6	-	-	PUNCT
iiclr-17591	743	7	aversion	aversion	NOUN
iiclr-17591	743	8	does	do	AUX
iiclr-17591	743	9	not	not	PART
iiclr-17591	743	10	seem	seem	VERB
iiclr-17591	743	11	to	to	PART
iiclr-17591	743	12	discourage	discourage	VERB
iiclr-17591	743	13	a	a	DET
iiclr-17591	743	14	healthy	healthy	ADJ
iiclr-17591	743	15	dose	dose	NOUN
iiclr-17591	743	16	of	of	ADP
iiclr-17591	743	17	risk	risk	NOUN
iiclr-17591	743	18	-	-	PUNCT
iiclr-17591	743	19	taking	taking	NOUN
iiclr-17591	743	20	by	by	ADP
iiclr-17591	743	21	the	the	DET
iiclr-17591	743	22	directors	director	NOUN
iiclr-17591	743	23	,	,	PUNCT
iiclr-17591	743	24	as	as	SCONJ
iiclr-17591	743	25	the	the	DET
iiclr-17591	743	26	former	former	ADJ
iiclr-17591	743	27	have	have	VERB
iiclr-17591	743	28	no	no	DET
iiclr-17591	743	29	power	power	NOUN
iiclr-17591	743	30	of	of	ADP
iiclr-17591	743	31	intervention	intervention	NOUN
iiclr-17591	743	32	in	in	ADP
iiclr-17591	743	33	"	"	PUNCT
iiclr-17591	743	34	normal	normal	ADJ
iiclr-17591	743	35	"	"	PUNCT
iiclr-17591	743	36	(	(	PUNCT
iiclr-17591	743	37	i.e.	i.e.	X
iiclr-17591	743	38	,	,	PUNCT
iiclr-17591	743	39	not	not	PART
iiclr-17591	743	40	tainted	taint	VERB
iiclr-17591	743	41	with	with	ADP
iiclr-17591	743	42	conflict	conflict	NOUN
iiclr-17591	743	43	of	of	ADP
iiclr-17591	743	44	interest	interest	NOUN
iiclr-17591	743	45	)	)	PUNCT
iiclr-17591	743	46	business	business	NOUN
iiclr-17591	743	47	decisions	decision	NOUN
iiclr-17591	743	48	taken	take	VERB
iiclr-17591	743	49	by	by	ADP
iiclr-17591	743	50	the	the	DET
iiclr-17591	743	51	latter	latter	ADJ
iiclr-17591	743	52	.	.	PUNCT
iiclr-17591	744	1	finally	finally	ADV
iiclr-17591	744	2	,	,	PUNCT
iiclr-17591	744	3	when	when	SCONJ
iiclr-17591	744	4	the	the	DET
iiclr-17591	744	5	lines	line	NOUN
iiclr-17591	744	6	between	between	ADP
iiclr-17591	744	7	"	"	PUNCT
iiclr-17591	744	8	normal	normal	ADJ
iiclr-17591	744	9	"	"	PUNCT
iiclr-17591	744	10	and	and	CCONJ
iiclr-17591	744	11	"	"	PUNCT
iiclr-17591	744	12	abnormal	abnormal	ADJ
iiclr-17591	744	13	"	"	PUNCT
iiclr-17591	744	14	business	business	NOUN
iiclr-17591	744	15	decisions	decision	NOUN
iiclr-17591	744	16	are	be	AUX
iiclr-17591	744	17	blurred	blur	VERB
iiclr-17591	744	18	,	,	PUNCT
iiclr-17591	744	19	(	(	PUNCT
iiclr-17591	744	20	e.g.	e.g.	ADV
iiclr-17591	744	21	,	,	PUNCT
iiclr-17591	744	22	because	because	SCONJ
iiclr-17591	744	23	directors	director	NOUN
iiclr-17591	744	24	are	be	AUX
iiclr-17591	744	25	effectively	effectively	ADV
iiclr-17591	744	26	concealing	conceal	VERB
iiclr-17591	744	27	self	self	NOUN
iiclr-17591	744	28	-	-	PUNCT
iiclr-17591	744	29	interest	interest	NOUN
iiclr-17591	744	30	or	or	CCONJ
iiclr-17591	744	31	fraud	fraud	NOUN
iiclr-17591	744	32	)	)	PUNCT
iiclr-17591	744	33	,	,	PUNCT
iiclr-17591	744	34	courts	court	NOUN
iiclr-17591	744	35	seem	seem	VERB
iiclr-17591	744	36	willing	willing	ADJ
iiclr-17591	744	37	to	to	PART
iiclr-17591	744	38	forgive	forgive	VERB
iiclr-17591	744	39	auditors	auditor	NOUN
iiclr-17591	744	40	in	in	ADP
iiclr-17591	744	41	good	good	ADJ
iiclr-17591	744	42	faith	faith	NOUN
iiclr-17591	744	43	.	.	PUNCT
iiclr-17591	745	1	on	on	ADP
iiclr-17591	745	2	the	the	DET
iiclr-17591	745	3	other	other	ADJ
iiclr-17591	745	4	hand	hand	NOUN
iiclr-17591	745	5	,	,	PUNCT
iiclr-17591	745	6	the	the	DET
iiclr-17591	745	7	institution	institution	NOUN
iiclr-17591	745	8	of	of	ADP
iiclr-17591	745	9	the	the	DET
iiclr-17591	745	10	board	board	NOUN
iiclr-17591	745	11	of	of	ADP
iiclr-17591	745	12	auditors	auditor	NOUN
iiclr-17591	745	13	suffers	suffer	VERB
iiclr-17591	745	14	from	from	ADP
iiclr-17591	745	15	a	a	DET
iiclr-17591	745	16	fundamental	fundamental	ADJ
iiclr-17591	745	17	ambiguity	ambiguity	NOUN
iiclr-17591	745	18	:	:	PUNCT
iiclr-17591	745	19	the	the	DET
iiclr-17591	745	20	same	same	ADJ
iiclr-17591	745	21	constituency	constituency	NOUN
iiclr-17591	745	22	with	with	ADP
iiclr-17591	745	23	the	the	DET
iiclr-17591	745	24	same	same	ADJ
iiclr-17591	745	25	majority	majority	NOUN
iiclr-17591	745	26	elects	elect	NOUN
iiclr-17591	745	27	the	the	DET
iiclr-17591	745	28	81	81	NUM
iiclr-17591	745	29	.	.	PUNCT
iiclr-17591	746	1	judgment	judgment	NOUN
iiclr-17591	746	2	of	of	ADP
iiclr-17591	746	3	july	july	PROPN
iiclr-17591	746	4	15	15	NUM
iiclr-17591	746	5	,	,	PUNCT
iiclr-17591	746	6	1982	1982	NUM
iiclr-17591	746	7	,	,	PUNCT
iiclr-17591	746	8	tribunal	tribunal	NOUN
iiclr-17591	746	9	of	of	ADP
iiclr-17591	746	10	milan	milan	PROPN
iiclr-17591	746	11	,	,	PUNCT
iiclr-17591	746	12	1983	1983	NUM
iiclr-17591	746	13	lesocietnk	lesocietnk	NOUN
iiclr-17591	746	14	1016	1016	NUM
iiclr-17591	746	15	;	;	PUNCT
iiclr-17591	746	16	tedeschi	tedeschi	PROPN
iiclr-17591	746	17	,	,	PUNCT
iiclr-17591	746	18	supra	supra	PROPN
iiclr-17591	746	19	note	note	PROPN
iiclr-17591	746	20	79	79	NUM
iiclr-17591	746	21	,	,	PUNCT
iiclr-17591	746	22	at	at	ADP
iiclr-17591	746	23	382	382	NUM
iiclr-17591	746	24	.	.	PUNCT
iiclr-17591	747	1	82	82	NUM
iiclr-17591	747	2	.	.	PUNCT
iiclr-17591	747	3	judgment	judgment	NOUN
iiclr-17591	747	4	of	of	ADP
iiclr-17591	747	5	nov	nov	PROPN
iiclr-17591	747	6	.	.	PROPN
iiclr-17591	747	7	15	15	NUM
iiclr-17591	747	8	,	,	PUNCT
iiclr-17591	747	9	1960	1960	NUM
iiclr-17591	747	10	,	,	PUNCT
iiclr-17591	747	11	no	no	NOUN
iiclr-17591	747	12	.	.	NOUN
iiclr-17591	747	13	3056	3056	NUM
iiclr-17591	747	14	,	,	PUNCT
iiclr-17591	747	15	cass	cass	PROPN
iiclr-17591	747	16	.	.	PUNCT
iiclr-17591	747	17	civ	civ	PROPN
iiclr-17591	747	18	.	.	PROPN
iiclr-17591	747	19	,	,	PUNCT
iiclr-17591	747	20	1961	1961	NUM
iiclr-17591	747	21	foro	foro	PROPN
iiclr-17591	747	22	italiano	italiano	VERB
iiclr-17591	747	23	i	i	PRON
iiclr-17591	747	24	,	,	PUNCT
iiclr-17591	747	25	253	253	NUM
iiclr-17591	747	26	;	;	PUNCT
iiclr-17591	747	27	judgment	judgment	NOUN
iiclr-17591	747	28	of	of	ADP
iiclr-17591	747	29	dec	dec	PROPN
iiclr-17591	747	30	.	.	PROPN
iiclr-17591	747	31	9	9	NUM
iiclr-17591	747	32	,	,	PUNCT
iiclr-17591	747	33	1981	1981	NUM
iiclr-17591	747	34	,	,	PUNCT
iiclr-17591	747	35	appellate	appellate	ADJ
iiclr-17591	747	36	court	court	NOUN
iiclr-17591	747	37	of	of	ADP
iiclr-17591	747	38	palermo	palermo	PROPN
iiclr-17591	747	39	,	,	PUNCT
iiclr-17591	747	40	1982	1982	NUM
iiclr-17591	747	41	fallimento	fallimento	PROPN
iiclr-17591	747	42	248	248	NUM
iiclr-17591	747	43	;	;	PUNCT
iiclr-17591	747	44	judgment	judgment	NOUN
iiclr-17591	747	45	of	of	ADP
iiclr-17591	747	46	jan	jan	PROPN
iiclr-17591	747	47	.	.	PROPN
iiclr-17591	747	48	19	19	NUM
iiclr-17591	747	49	,	,	PUNCT
iiclr-17591	747	50	1974	1974	NUM
iiclr-17591	747	51	,	,	PUNCT
iiclr-17591	747	52	tribunal	tribunal	NOUN
iiclr-17591	747	53	of	of	ADP
iiclr-17591	747	54	milan	milan	PROPN
iiclr-17591	747	55	,	,	PUNCT
iiclr-17591	747	56	1974	1974	NUM
iiclr-17591	747	57	giurisprudenza	giurisprudenza	PROPN
iiclr-17591	747	58	commerciale	commerciale	PROPN
iiclr-17591	747	59	ii	ii	PROPN
iiclr-17591	747	60	,	,	PUNCT
iiclr-17591	747	61	174	174	NUM
iiclr-17591	747	62	.	.	PUNCT
iiclr-17591	747	63	83	83	NUM
iiclr-17591	747	64	.	.	PUNCT
iiclr-17591	747	65	remember	remember	VERB
iiclr-17591	747	66	that	that	SCONJ
iiclr-17591	747	67	the	the	DET
iiclr-17591	747	68	1992	1992	NUM
iiclr-17591	747	69	reform	reform	NOUN
iiclr-17591	747	70	found	find	VERB
iiclr-17591	747	71	a	a	DET
iiclr-17591	747	72	partial	partial	ADJ
iiclr-17591	747	73	remedy	remedy	NOUN
iiclr-17591	747	74	,	,	PUNCT
iiclr-17591	747	75	allowing	allow	VERB
iiclr-17591	747	76	auditors	auditor	NOUN
iiclr-17591	747	77	to	to	PART
iiclr-17591	747	78	delegate	delegate	VERB
iiclr-17591	747	79	most	most	ADJ
iiclr-17591	747	80	of	of	ADP
iiclr-17591	747	81	the	the	DET
iiclr-17591	747	82	accounting	accounting	NOUN
iiclr-17591	747	83	controls	control	NOUN
iiclr-17591	747	84	to	to	ADP
iiclr-17591	747	85	assistants	assistant	NOUN
iiclr-17591	747	86	.	.	PUNCT
iiclr-17591	748	1	c.c	c.c	PROPN
iiclr-17591	748	2	.	.	PROPN
iiclr-17591	748	3	art	art	NOUN
iiclr-17591	748	4	.	.	PUNCT
iiclr-17591	749	1	2403	2403	NUM
iiclr-17591	749	2	-	-	PUNCT
iiclr-17591	749	3	bis	bis	X
iiclr-17591	749	4	(	(	PUNCT
iiclr-17591	749	5	italy	italy	PROPN
iiclr-17591	749	6	)	)	PUNCT
iiclr-17591	749	7	.	.	PUNCT
iiclr-17591	750	1	moreover	moreover	ADV
iiclr-17591	750	2	,	,	PUNCT
iiclr-17591	750	3	in	in	ADP
iiclr-17591	750	4	listed	list	VERB
iiclr-17591	750	5	companies	company	NOUN
iiclr-17591	750	6	some	some	PRON
iiclr-17591	750	7	of	of	ADP
iiclr-17591	750	8	the	the	DET
iiclr-17591	750	9	tasks	task	NOUN
iiclr-17591	750	10	and	and	CCONJ
iiclr-17591	750	11	responsibilities	responsibility	NOUN
iiclr-17591	750	12	of	of	ADP
iiclr-17591	750	13	the	the	DET
iiclr-17591	750	14	board	board	NOUN
iiclr-17591	750	15	of	of	ADP
iiclr-17591	750	16	auditors	auditor	NOUN
iiclr-17591	750	17	are	be	AUX
iiclr-17591	750	18	taken	take	VERB
iiclr-17591	750	19	over	over	ADP
iiclr-17591	750	20	by	by	ADP
iiclr-17591	750	21	an	an	DET
iiclr-17591	750	22	accounting	accounting	NOUN
iiclr-17591	750	23	firm	firm	NOUN
iiclr-17591	750	24	(	(	PUNCT
iiclr-17591	750	25	typically	typically	ADV
iiclr-17591	750	26	,	,	PUNCT
iiclr-17591	750	27	one	one	NUM
iiclr-17591	750	28	of	of	ADP
iiclr-17591	750	29	the	the	DET
iiclr-17591	750	30	italian	italian	ADJ
iiclr-17591	750	31	affiliates	affiliate	NOUN
iiclr-17591	750	32	of	of	ADP
iiclr-17591	750	33	the	the	DET
iiclr-17591	750	34	big	big	ADJ
iiclr-17591	750	35	american	american	ADJ
iiclr-17591	750	36	accounting	accounting	NOUN
iiclr-17591	750	37	firms	firm	NOUN
iiclr-17591	750	38	)	)	PUNCT
iiclr-17591	750	39	,	,	PUNCT
iiclr-17591	750	40	appointed	appoint	VERB
iiclr-17591	750	41	by	by	ADP
iiclr-17591	750	42	the	the	DET
iiclr-17591	750	43	company	company	NOUN
iiclr-17591	750	44	for	for	ADP
iiclr-17591	750	45	a	a	DET
iiclr-17591	750	46	period	period	NOUN
iiclr-17591	750	47	of	of	ADP
iiclr-17591	750	48	three	three	NUM
iiclr-17591	750	49	years	year	NOUN
iiclr-17591	750	50	(	(	PUNCT
iiclr-17591	750	51	legislative	legislative	ADJ
iiclr-17591	750	52	decree	decree	NOUN
iiclr-17591	750	53	of	of	ADP
iiclr-17591	750	54	mar	mar	PROPN
iiclr-17591	750	55	.	.	PROPN
iiclr-17591	750	56	31	31	NUM
iiclr-17591	750	57	,	,	PUNCT
iiclr-17591	750	58	1975	1975	NUM
iiclr-17591	750	59	,	,	PUNCT
iiclr-17591	750	60	no	no	INTJ
iiclr-17591	750	61	.	.	NOUN
iiclr-17591	750	62	136	136	NUM
iiclr-17591	750	63	)	)	PUNCT
iiclr-17591	750	64	.	.	PUNCT
iiclr-17591	751	1	84	84	NUM
iiclr-17591	751	2	.	.	PUNCT
iiclr-17591	752	1	the	the	DET
iiclr-17591	752	2	board	board	NOUN
iiclr-17591	752	3	of	of	ADP
iiclr-17591	752	4	auditors	auditor	NOUN
iiclr-17591	752	5	is	be	AUX
iiclr-17591	752	6	said	say	VERB
iiclr-17591	752	7	to	to	PART
iiclr-17591	752	8	be	be	AUX
iiclr-17591	752	9	"	"	PUNCT
iiclr-17591	752	10	scarcely	scarcely	ADV
iiclr-17591	752	11	effective	effective	ADJ
iiclr-17591	752	12	"	"	PUNCT
iiclr-17591	752	13	by	by	ADP
iiclr-17591	752	14	galgano	galgano	PROPN
iiclr-17591	752	15	,	,	PUNCT
iiclr-17591	752	16	supra	supra	PROPN
iiclr-17591	752	17	note	note	NOUN
iiclr-17591	752	18	30	30	NUM
iiclr-17591	752	19	,	,	PUNCT
iiclr-17591	752	20	at	at	ADP
iiclr-17591	752	21	312	312	NUM
iiclr-17591	752	22	.	.	NOUN
iiclr-17591	752	23	85	85	NUM
iiclr-17591	752	24	.	.	PUNCT
iiclr-17591	753	1	auditors	auditor	NOUN
iiclr-17591	753	2	'	'	PART
iiclr-17591	753	3	compensation	compensation	NOUN
iiclr-17591	753	4	is	be	AUX
iiclr-17591	753	5	fixed	fix	VERB
iiclr-17591	753	6	and	and	CCONJ
iiclr-17591	753	7	their	their	PRON
iiclr-17591	753	8	tenure	tenure	NOUN
iiclr-17591	753	9	is	be	AUX
iiclr-17591	753	10	assured	assure	VERB
iiclr-17591	753	11	,	,	PUNCT
iiclr-17591	753	12	at	at	ADP
iiclr-17591	753	13	least	least	ADJ
iiclr-17591	753	14	until	until	ADP
iiclr-17591	753	15	the	the	DET
iiclr-17591	753	16	end	end	NOUN
iiclr-17591	753	17	of	of	ADP
iiclr-17591	753	18	their	their	PRON
iiclr-17591	753	19	term	term	NOUN
iiclr-17591	753	20	.	.	PUNCT
iiclr-17591	754	1	of	of	ADP
iiclr-17591	754	2	course	course	NOUN
iiclr-17591	754	3	,	,	PUNCT
iiclr-17591	754	4	there	there	PRON
iiclr-17591	754	5	is	be	VERB
iiclr-17591	754	6	a	a	DET
iiclr-17591	754	7	risk	risk	NOUN
iiclr-17591	754	8	that	that	SCONJ
iiclr-17591	754	9	they	they	PRON
iiclr-17591	754	10	will	will	AUX
iiclr-17591	754	11	take	take	VERB
iiclr-17591	754	12	into	into	ADP
iiclr-17591	754	13	consideration	consideration	NOUN
iiclr-17591	754	14	the	the	DET
iiclr-17591	754	15	possibility	possibility	NOUN
iiclr-17591	754	16	of	of	ADP
iiclr-17591	754	17	not	not	PART
iiclr-17591	754	18	being	be	AUX
iiclr-17591	754	19	re	re	VERB
iiclr-17591	754	20	-	-	VERB
iiclr-17591	754	21	elected	elect	VERB
iiclr-17591	754	22	.	.	PUNCT
iiclr-17591	755	1	1995	1995	NUM
iiclr-17591	755	2	]	]	X
iiclr-17591	755	3	ind	ind	NOUN
iiclr-17591	755	4	.	.	PUNCT
iiclr-17591	756	1	int'l	int'l	PROPN
iiclr-17591	756	2	&	&	CCONJ
iiclr-17591	756	3	comp	comp	PROPN
iiclr-17591	756	4	.	.	PUNCT
iiclr-17591	757	1	l	l	PROPN
iiclr-17591	757	2	rev	rev	PROPN
iiclr-17591	757	3	.	.	PROPN
iiclr-17591	757	4	directors	director	NOUN
iiclr-17591	757	5	and	and	CCONJ
iiclr-17591	757	6	their	their	PRON
iiclr-17591	757	7	guardians	guardian	NOUN
iiclr-17591	757	8	.	.	PUNCT
iiclr-17591	758	1	the	the	DET
iiclr-17591	758	2	system	system	NOUN
iiclr-17591	758	3	seems	seem	VERB
iiclr-17591	758	4	to	to	PART
iiclr-17591	758	5	protect	protect	VERB
iiclr-17591	758	6	all	all	DET
iiclr-17591	758	7	the	the	DET
iiclr-17591	758	8	shareholders	shareholder	NOUN
iiclr-17591	758	9	against	against	ADP
iiclr-17591	758	10	managers	manager	NOUN
iiclr-17591	758	11	'	'	PART
iiclr-17591	758	12	shirking	shirking	NOUN
iiclr-17591	758	13	or	or	CCONJ
iiclr-17591	758	14	lack	lack	NOUN
iiclr-17591	758	15	of	of	ADP
iiclr-17591	758	16	due	due	ADJ
iiclr-17591	758	17	care	care	NOUN
iiclr-17591	758	18	,	,	PUNCT
iiclr-17591	758	19	but	but	CCONJ
iiclr-17591	758	20	not	not	PART
iiclr-17591	758	21	minority	minority	NOUN
iiclr-17591	758	22	shareholders	shareholder	NOUN
iiclr-17591	758	23	'	'	PART
iiclr-17591	758	24	against	against	ADP
iiclr-17591	758	25	abuses	abuse	NOUN
iiclr-17591	758	26	committed	commit	VERB
iiclr-17591	758	27	by	by	ADP
iiclr-17591	758	28	the	the	DET
iiclr-17591	758	29	directors	director	NOUN
iiclr-17591	758	30	in	in	ADP
iiclr-17591	758	31	the	the	DET
iiclr-17591	758	32	interests	interest	NOUN
iiclr-17591	758	33	of	of	ADP
iiclr-17591	758	34	the	the	DET
iiclr-17591	758	35	majority.86	majority.86	NOUN
iiclr-17591	758	36	in	in	ADP
iiclr-17591	758	37	light	light	NOUN
iiclr-17591	758	38	of	of	ADP
iiclr-17591	758	39	the	the	DET
iiclr-17591	758	40	particular	particular	ADJ
iiclr-17591	758	41	,	,	PUNCT
iiclr-17591	758	42	highly	highly	ADV
iiclr-17591	758	43	-	-	PUNCT
iiclr-17591	758	44	concentrated	concentrate	VERB
iiclr-17591	758	45	ownership	ownership	NOUN
iiclr-17591	758	46	structure	structure	NOUN
iiclr-17591	758	47	of	of	ADP
iiclr-17591	758	48	italian	italian	ADJ
iiclr-17591	758	49	firms	firm	NOUN
iiclr-17591	758	50	,	,	PUNCT
iiclr-17591	758	51	the	the	DET
iiclr-17591	758	52	issue	issue	NOUN
iiclr-17591	758	53	of	of	ADP
iiclr-17591	758	54	remedies	remedy	NOUN
iiclr-17591	758	55	against	against	ADP
iiclr-17591	758	56	the	the	DET
iiclr-17591	758	57	majority	majority	NOUN
iiclr-17591	758	58	's	's	PART
iiclr-17591	758	59	conflict	conflict	NOUN
iiclr-17591	758	60	of	of	ADP
iiclr-17591	758	61	interest	interest	NOUN
iiclr-17591	758	62	with	with	ADP
iiclr-17591	758	63	the	the	DET
iiclr-17591	758	64	minority	minority	NOUN
iiclr-17591	758	65	,	,	PUNCT
iiclr-17591	758	66	or	or	CCONJ
iiclr-17591	758	67	the	the	DET
iiclr-17591	758	68	lack	lack	NOUN
iiclr-17591	758	69	thereof	thereof	ADV
iiclr-17591	758	70	,	,	PUNCT
iiclr-17591	758	71	stands	stand	VERB
iiclr-17591	758	72	out	out	ADP
iiclr-17591	758	73	as	as	ADP
iiclr-17591	758	74	the	the	DET
iiclr-17591	758	75	single	single	ADJ
iiclr-17591	758	76	most	most	ADV
iiclr-17591	758	77	important	important	ADJ
iiclr-17591	758	78	problem	problem	NOUN
iiclr-17591	758	79	of	of	ADP
iiclr-17591	758	80	italian	italian	ADJ
iiclr-17591	758	81	corporate	corporate	ADJ
iiclr-17591	758	82	law	law	NOUN
iiclr-17591	758	83	.	.	PUNCT
iiclr-17591	759	1	after	after	SCONJ
iiclr-17591	759	2	a	a	DET
iiclr-17591	759	3	synthesis	synthesis	NOUN
iiclr-17591	759	4	of	of	ADP
iiclr-17591	759	5	the	the	DET
iiclr-17591	759	6	conclusions	conclusion	NOUN
iiclr-17591	759	7	reached	reach	VERB
iiclr-17591	759	8	so	so	ADV
iiclr-17591	759	9	far	far	ADV
iiclr-17591	759	10	,	,	PUNCT
iiclr-17591	759	11	we	we	PRON
iiclr-17591	759	12	will	will	AUX
iiclr-17591	759	13	examine	examine	VERB
iiclr-17591	759	14	the	the	DET
iiclr-17591	759	15	directors	director	NOUN
iiclr-17591	759	16	'	'	PART
iiclr-17591	759	17	liability	liability	NOUN
iiclr-17591	759	18	system	system	NOUN
iiclr-17591	759	19	in	in	ADP
iiclr-17591	759	20	detail	detail	NOUN
iiclr-17591	759	21	.	.	PUNCT
iiclr-17591	760	1	f.	f.	PROPN
iiclr-17591	760	2	summary	summary	PROPN
iiclr-17591	760	3	of	of	ADP
iiclr-17591	760	4	part	part	PROPN
iiclr-17591	760	5	i.	i.	PROPN
iiclr-17591	760	6	based	base	VERB
iiclr-17591	760	7	on	on	ADP
iiclr-17591	760	8	the	the	DET
iiclr-17591	760	9	legal	legal	ADJ
iiclr-17591	760	10	system	system	NOUN
iiclr-17591	760	11	,	,	PUNCT
iiclr-17591	760	12	the	the	DET
iiclr-17591	760	13	following	follow	VERB
iiclr-17591	760	14	conclusions	conclusion	NOUN
iiclr-17591	760	15	concerning	concern	VERB
iiclr-17591	760	16	the	the	DET
iiclr-17591	760	17	respective	respective	ADJ
iiclr-17591	760	18	roles	role	NOUN
iiclr-17591	760	19	of	of	ADP
iiclr-17591	760	20	shareholders	shareholder	NOUN
iiclr-17591	760	21	,	,	PUNCT
iiclr-17591	760	22	board	board	NOUN
iiclr-17591	760	23	of	of	ADP
iiclr-17591	760	24	directors	director	NOUN
iiclr-17591	760	25	and	and	CCONJ
iiclr-17591	760	26	board	board	NOUN
iiclr-17591	760	27	of	of	ADP
iiclr-17591	760	28	auditors	auditor	NOUN
iiclr-17591	760	29	can	can	AUX
iiclr-17591	760	30	be	be	AUX
iiclr-17591	760	31	inferred	infer	VERB
iiclr-17591	760	32	.	.	PUNCT
iiclr-17591	761	1	a.	a.	NOUN
iiclr-17591	761	2	shareholders	shareholders	PROPN
iiclr-17591	761	3	.	.	PUNCT
iiclr-17591	762	1	a.1	a.1	X
iiclr-17591	762	2	.	.	PUNCT
iiclr-17591	763	1	shareholders	shareholder	NOUN
iiclr-17591	763	2	possess	possess	VERB
iiclr-17591	763	3	powerful	powerful	ADJ
iiclr-17591	763	4	tools	tool	NOUN
iiclr-17591	763	5	of	of	ADP
iiclr-17591	763	6	corporate	corporate	ADJ
iiclr-17591	763	7	governance	governance	NOUN
iiclr-17591	763	8	.	.	PUNCT
iiclr-17591	764	1	essentially	essentially	ADV
iiclr-17591	764	2	they	they	PRON
iiclr-17591	764	3	possess	possess	VERB
iiclr-17591	764	4	the	the	DET
iiclr-17591	764	5	right	right	NOUN
iiclr-17591	764	6	to	to	PART
iiclr-17591	764	7	vote	vote	VERB
iiclr-17591	764	8	on	on	ADP
iiclr-17591	764	9	capital	capital	NOUN
iiclr-17591	764	10	structure	structure	NOUN
iiclr-17591	764	11	,	,	PUNCT
iiclr-17591	764	12	on	on	ADP
iiclr-17591	764	13	dividend	dividend	NOUN
iiclr-17591	764	14	policy	policy	NOUN
iiclr-17591	764	15	and	and	CCONJ
iiclr-17591	764	16	on	on	ADP
iiclr-17591	764	17	fundamental	fundamental	ADJ
iiclr-17591	764	18	changes	change	NOUN
iiclr-17591	764	19	such	such	ADJ
iiclr-17591	764	20	as	as	ADP
iiclr-17591	764	21	mergers	merger	NOUN
iiclr-17591	764	22	.	.	PUNCT
iiclr-17591	765	1	normally	normally	ADV
iiclr-17591	765	2	,	,	PUNCT
iiclr-17591	765	3	however	however	ADV
iiclr-17591	765	4	,	,	PUNCT
iiclr-17591	765	5	shareholders	shareholder	NOUN
iiclr-17591	765	6	'	'	PART
iiclr-17591	765	7	powers	power	NOUN
iiclr-17591	765	8	consist	consist	VERB
iiclr-17591	765	9	of	of	ADP
iiclr-17591	765	10	the	the	DET
iiclr-17591	765	11	right	right	NOUN
iiclr-17591	765	12	to	to	PART
iiclr-17591	765	13	veto	veto	VERB
iiclr-17591	765	14	the	the	DET
iiclr-17591	765	15	board	board	NOUN
iiclr-17591	765	16	's	's	PART
iiclr-17591	765	17	actions	action	NOUN
iiclr-17591	765	18	rather	rather	ADV
iiclr-17591	765	19	than	than	ADP
iiclr-17591	765	20	the	the	DET
iiclr-17591	765	21	right	right	NOUN
iiclr-17591	765	22	to	to	PART
iiclr-17591	765	23	impose	impose	VERB
iiclr-17591	765	24	such	such	ADJ
iiclr-17591	765	25	actions	action	NOUN
iiclr-17591	765	26	.	.	PUNCT
iiclr-17591	766	1	a.2	a.2	PUNCT
iiclr-17591	766	2	.	.	PUNCT
iiclr-17591	767	1	shareholders	shareholder	NOUN
iiclr-17591	767	2	'	'	PART
iiclr-17591	767	3	powers	power	NOUN
iiclr-17591	767	4	are	be	AUX
iiclr-17591	767	5	primarily	primarily	ADV
iiclr-17591	767	6	in	in	ADP
iiclr-17591	767	7	the	the	DET
iiclr-17591	767	8	hands	hand	NOUN
iiclr-17591	767	9	of	of	ADP
iiclr-17591	767	10	the	the	DET
iiclr-17591	767	11	majority	majority	NOUN
iiclr-17591	767	12	.	.	PUNCT
iiclr-17591	768	1	in	in	ADP
iiclr-17591	768	2	other	other	ADJ
iiclr-17591	768	3	words	word	NOUN
iiclr-17591	768	4	,	,	PUNCT
iiclr-17591	768	5	majority	majority	NOUN
iiclr-17591	768	6	rule	rule	NOUN
iiclr-17591	768	7	normally	normally	ADV
iiclr-17591	768	8	governs	govern	VERB
iiclr-17591	768	9	the	the	DET
iiclr-17591	768	10	way	way	NOUN
iiclr-17591	768	11	in	in	ADP
iiclr-17591	768	12	which	which	PRON
iiclr-17591	768	13	shareholders	shareholder	NOUN
iiclr-17591	768	14	express	express	VERB
iiclr-17591	768	15	their	their	PRON
iiclr-17591	768	16	voice	voice	NOUN
iiclr-17591	768	17	,	,	PUNCT
iiclr-17591	768	18	while	while	SCONJ
iiclr-17591	768	19	single	single	ADJ
iiclr-17591	768	20	shareholders	shareholder	NOUN
iiclr-17591	768	21	have	have	VERB
iiclr-17591	768	22	very	very	ADV
iiclr-17591	768	23	limited	limited	ADJ
iiclr-17591	768	24	powers	power	NOUN
iiclr-17591	768	25	.	.	PUNCT
iiclr-17591	769	1	the	the	DET
iiclr-17591	769	2	directors	director	NOUN
iiclr-17591	769	3	'	'	PART
iiclr-17591	769	4	liability	liability	NOUN
iiclr-17591	769	5	rules	rule	NOUN
iiclr-17591	769	6	,	,	PUNCT
iiclr-17591	769	7	which	which	PRON
iiclr-17591	769	8	we	we	PRON
iiclr-17591	769	9	will	will	AUX
iiclr-17591	769	10	examine	examine	VERB
iiclr-17591	769	11	next	next	ADV
iiclr-17591	769	12	,	,	PUNCT
iiclr-17591	769	13	confirm	confirm	VERB
iiclr-17591	769	14	this	this	DET
iiclr-17591	769	15	conclusion	conclusion	NOUN
iiclr-17591	769	16	.	.	PUNCT
iiclr-17591	770	1	b.	b.	PROPN
iiclr-17591	770	2	board	board	PROPN
iiclr-17591	770	3	of	of	ADP
iiclr-17591	770	4	directors	director	NOUN
iiclr-17591	770	5	.	.	PUNCT
iiclr-17591	771	1	b.l	b.l	PROPN
iiclr-17591	771	2	.	.	PUNCT
iiclr-17591	772	1	the	the	DET
iiclr-17591	772	2	board	board	NOUN
iiclr-17591	772	3	of	of	ADP
iiclr-17591	772	4	directors	director	NOUN
iiclr-17591	772	5	has	have	VERB
iiclr-17591	772	6	all	all	DET
iiclr-17591	772	7	the	the	DET
iiclr-17591	772	8	powers	power	NOUN
iiclr-17591	772	9	not	not	PART
iiclr-17591	772	10	expressly	expressly	ADV
iiclr-17591	772	11	reserved	reserve	VERB
iiclr-17591	772	12	to	to	ADP
iiclr-17591	772	13	the	the	DET
iiclr-17591	772	14	shareholders	shareholder	NOUN
iiclr-17591	772	15	.	.	PUNCT
iiclr-17591	773	1	no	no	DET
iiclr-17591	773	2	formal	formal	ADJ
iiclr-17591	773	3	separation	separation	NOUN
iiclr-17591	773	4	between	between	ADP
iiclr-17591	773	5	managerial	managerial	ADJ
iiclr-17591	773	6	and	and	CCONJ
iiclr-17591	773	7	supervisory	supervisory	ADJ
iiclr-17591	773	8	activity	activity	NOUN
iiclr-17591	773	9	exists	exist	VERB
iiclr-17591	773	10	at	at	ADP
iiclr-17591	773	11	the	the	DET
iiclr-17591	773	12	board	board	NOUN
iiclr-17591	773	13	level	level	NOUN
iiclr-17591	773	14	.	.	PUNCT
iiclr-17591	774	1	b.2	b.2	X
iiclr-17591	774	2	.	.	PUNCT
iiclr-17591	775	1	the	the	DET
iiclr-17591	775	2	board	board	NOUN
iiclr-17591	775	3	of	of	ADP
iiclr-17591	775	4	directors	director	NOUN
iiclr-17591	775	5	,	,	PUNCT
iiclr-17591	775	6	however	however	ADV
iiclr-17591	775	7	,	,	PUNCT
iiclr-17591	775	8	has	have	VERB
iiclr-17591	775	9	a	a	DET
iiclr-17591	775	10	flexible	flexible	ADJ
iiclr-17591	775	11	structure	structure	NOUN
iiclr-17591	775	12	that	that	PRON
iiclr-17591	775	13	allows	allow	VERB
iiclr-17591	775	14	a	a	DET
iiclr-17591	775	15	delegation	delegation	NOUN
iiclr-17591	775	16	of	of	ADP
iiclr-17591	775	17	day	day	NOUN
iiclr-17591	775	18	-	-	PUNCT
iiclr-17591	775	19	to	to	ADP
iiclr-17591	775	20	-	-	PUNCT
iiclr-17591	775	21	day	day	NOUN
iiclr-17591	775	22	operations	operation	NOUN
iiclr-17591	775	23	and	and	CCONJ
iiclr-17591	775	24	substantial	substantial	ADJ
iiclr-17591	775	25	decisional	decisional	ADJ
iiclr-17591	775	26	authority	authority	NOUN
iiclr-17591	775	27	to	to	ADP
iiclr-17591	775	28	a	a	DET
iiclr-17591	775	29	part	part	NOUN
iiclr-17591	775	30	of	of	ADP
iiclr-17591	775	31	its	its	PRON
iiclr-17591	775	32	members	member	NOUN
iiclr-17591	775	33	.	.	PUNCT
iiclr-17591	776	1	non	non	ADJ
iiclr-17591	776	2	-	-	ADJ
iiclr-17591	776	3	delegated	delegated	ADJ
iiclr-17591	776	4	members	member	NOUN
iiclr-17591	776	5	still	still	ADV
iiclr-17591	776	6	retain	retain	VERB
iiclr-17591	776	7	authority	authority	NOUN
iiclr-17591	776	8	to	to	PART
iiclr-17591	776	9	intervene	intervene	VERB
iiclr-17591	776	10	in	in	ADP
iiclr-17591	776	11	every	every	DET
iiclr-17591	776	12	decision	decision	NOUN
iiclr-17591	776	13	.	.	PUNCT
iiclr-17591	777	1	a	a	DET
iiclr-17591	777	2	separation	separation	NOUN
iiclr-17591	777	3	between	between	ADP
iiclr-17591	777	4	directors	director	NOUN
iiclr-17591	777	5	in	in	ADP
iiclr-17591	777	6	charge	charge	NOUN
iiclr-17591	777	7	of	of	ADP
iiclr-17591	777	8	day	day	NOUN
iiclr-17591	777	9	-	-	PUNCT
iiclr-17591	777	10	to	to	ADP
iiclr-17591	777	11	-	-	PUNCT
iiclr-17591	777	12	day	day	NOUN
iiclr-17591	777	13	operations	operation	NOUN
iiclr-17591	777	14	and	and	CCONJ
iiclr-17591	777	15	directors	director	NOUN
iiclr-17591	777	16	in	in	ADP
iiclr-17591	777	17	charge	charge	NOUN
iiclr-17591	777	18	of	of	ADP
iiclr-17591	777	19	supervision	supervision	NOUN
iiclr-17591	777	20	exists	exist	VERB
iiclr-17591	777	21	in	in	ADP
iiclr-17591	777	22	every	every	DET
iiclr-17591	777	23	medium	medium	ADJ
iiclr-17591	777	24	-	-	PUNCT
iiclr-17591	777	25	large	large	ADJ
iiclr-17591	777	26	company	company	NOUN
iiclr-17591	777	27	.	.	PUNCT
iiclr-17591	778	1	c.	c.	PROPN
iiclr-17591	778	2	board	board	PROPN
iiclr-17591	778	3	of	of	ADP
iiclr-17591	778	4	auditors	auditor	NOUN
iiclr-17591	778	5	.	.	PUNCT
iiclr-17591	779	1	c.1	c.1	NOUN
iiclr-17591	779	2	.	.	PUNCT
iiclr-17591	780	1	the	the	DET
iiclr-17591	780	2	board	board	NOUN
iiclr-17591	780	3	of	of	ADP
iiclr-17591	780	4	auditors	auditor	NOUN
iiclr-17591	780	5	is	be	AUX
iiclr-17591	780	6	formally	formally	ADV
iiclr-17591	780	7	charged	charge	VERB
iiclr-17591	780	8	with	with	ADP
iiclr-17591	780	9	supervision	supervision	NOUN
iiclr-17591	780	10	over	over	ADP
iiclr-17591	780	11	the	the	DET
iiclr-17591	780	12	administration	administration	NOUN
iiclr-17591	780	13	of	of	ADP
iiclr-17591	780	14	the	the	DET
iiclr-17591	780	15	company	company	NOUN
iiclr-17591	780	16	.	.	PUNCT
iiclr-17591	781	1	aside	aside	ADV
iiclr-17591	781	2	from	from	ADP
iiclr-17591	781	3	the	the	DET
iiclr-17591	781	4	case	case	NOUN
iiclr-17591	781	5	of	of	ADP
iiclr-17591	781	6	directors	director	NOUN
iiclr-17591	781	7	'	'	PART
iiclr-17591	781	8	conflict	conflict	NOUN
iiclr-17591	781	9	of	of	ADP
iiclr-17591	781	10	interest	interest	NOUN
iiclr-17591	781	11	,	,	PUNCT
iiclr-17591	781	12	the	the	DET
iiclr-17591	781	13	board	board	NOUN
iiclr-17591	781	14	of	of	ADP
iiclr-17591	781	15	auditors	auditor	NOUN
iiclr-17591	781	16	has	have	VERB
iiclr-17591	781	17	no	no	DET
iiclr-17591	781	18	direct	direct	ADJ
iiclr-17591	781	19	intervention	intervention	NOUN
iiclr-17591	781	20	or	or	CCONJ
iiclr-17591	781	21	veto	veto	NOUN
iiclr-17591	781	22	power	power	NOUN
iiclr-17591	781	23	over	over	ADP
iiclr-17591	781	24	directors	director	NOUN
iiclr-17591	781	25	'	'	PART
iiclr-17591	781	26	decisions	decision	NOUN
iiclr-17591	781	27	.	.	PUNCT
iiclr-17591	782	1	however	however	ADV
iiclr-17591	782	2	,	,	PUNCT
iiclr-17591	782	3	it	it	PRON
iiclr-17591	782	4	has	have	VERB
iiclr-17591	782	5	an	an	DET
iiclr-17591	782	6	effective	effective	ADJ
iiclr-17591	782	7	,	,	PUNCT
iiclr-17591	782	8	even	even	ADV
iiclr-17591	782	9	if	if	SCONJ
iiclr-17591	782	10	indirect	indirect	ADJ
iiclr-17591	782	11	,	,	PUNCT
iiclr-17591	782	12	means	mean	VERB
iiclr-17591	782	13	of	of	ADP
iiclr-17591	782	14	86	86	NUM
iiclr-17591	782	15	.	.	PUNCT
iiclr-17591	783	1	as	as	ADP
iiclr-17591	783	2	for	for	ADP
iiclr-17591	783	3	the	the	DET
iiclr-17591	783	4	procedural	procedural	ADJ
iiclr-17591	783	5	requirements	requirement	NOUN
iiclr-17591	783	6	,	,	PUNCT
iiclr-17591	783	7	auditors	auditor	NOUN
iiclr-17591	783	8	are	be	AUX
iiclr-17591	783	9	liable	liable	ADJ
iiclr-17591	783	10	on	on	ADP
iiclr-17591	783	11	the	the	DET
iiclr-17591	783	12	same	same	ADJ
iiclr-17591	783	13	grounds	ground	NOUN
iiclr-17591	783	14	as	as	ADP
iiclr-17591	783	15	directors	director	NOUN
iiclr-17591	783	16	only	only	ADV
iiclr-17591	783	17	if	if	SCONJ
iiclr-17591	783	18	the	the	DET
iiclr-17591	783	19	shareholders	shareholder	NOUN
iiclr-17591	783	20	,	,	PUNCT
iiclr-17591	783	21	following	follow	VERB
iiclr-17591	783	22	a	a	DET
iiclr-17591	783	23	majority	majority	NOUN
iiclr-17591	783	24	vote	vote	NOUN
iiclr-17591	783	25	,	,	PUNCT
iiclr-17591	783	26	authorize	authorize	VERB
iiclr-17591	783	27	the	the	DET
iiclr-17591	783	28	suit	suit	NOUN
iiclr-17591	783	29	.	.	PUNCT
iiclr-17591	784	1	see	see	VERB
iiclr-17591	784	2	infra	infra	NOUN
iiclr-17591	784	3	note	note	VERB
iiclr-17591	784	4	110	110	NUM
iiclr-17591	784	5	and	and	CCONJ
iiclr-17591	784	6	accompanying	accompany	VERB
iiclr-17591	784	7	text	text	NOUN
iiclr-17591	784	8	.	.	PUNCT
iiclr-17591	785	1	[	[	X
iiclr-17591	785	2	vol	vol	NOUN
iiclr-17591	785	3	.	.	PUNCT
iiclr-17591	786	1	6:1	6:1	NUM
iiclr-17591	786	2	corporate	corporate	ADJ
iiclr-17591	786	3	governance	governance	NOUN
iiclr-17591	786	4	in	in	ADP
iiclr-17591	786	5	italy	italy	PROPN
iiclr-17591	786	6	preventing	prevent	VERB
iiclr-17591	786	7	directors	director	NOUN
iiclr-17591	786	8	from	from	ADP
iiclr-17591	786	9	committing	commit	VERB
iiclr-17591	786	10	unlawful	unlawful	ADJ
iiclr-17591	786	11	acts	act	NOUN
iiclr-17591	786	12	.	.	PUNCT
iiclr-17591	787	1	the	the	DET
iiclr-17591	787	2	board	board	NOUN
iiclr-17591	787	3	of	of	ADP
iiclr-17591	787	4	auditors	auditor	NOUN
iiclr-17591	787	5	is	be	AUX
iiclr-17591	787	6	not	not	PART
iiclr-17591	787	7	charged	charge	VERB
iiclr-17591	787	8	with	with	ADP
iiclr-17591	787	9	the	the	DET
iiclr-17591	787	10	duty	duty	NOUN
iiclr-17591	787	11	to	to	PART
iiclr-17591	787	12	review	review	VERB
iiclr-17591	787	13	directors	director	NOUN
iiclr-17591	787	14	'	'	PART
iiclr-17591	787	15	business	business	NOUN
iiclr-17591	787	16	decisions	decision	NOUN
iiclr-17591	787	17	on	on	ADP
iiclr-17591	787	18	their	their	PRON
iiclr-17591	787	19	merits	merit	NOUN
iiclr-17591	787	20	.	.	PUNCT
iiclr-17591	788	1	c.2	c.2	PROPN
iiclr-17591	788	2	.	.	PUNCT
iiclr-17591	789	1	the	the	DET
iiclr-17591	789	2	board	board	NOUN
iiclr-17591	789	3	of	of	ADP
iiclr-17591	789	4	auditors	auditor	NOUN
iiclr-17591	789	5	is	be	AUX
iiclr-17591	789	6	normally	normally	ADV
iiclr-17591	789	7	elected	elect	VERB
iiclr-17591	789	8	by	by	ADP
iiclr-17591	789	9	the	the	DET
iiclr-17591	789	10	majority	majority	NOUN
iiclr-17591	789	11	of	of	ADP
iiclr-17591	789	12	shareholders	shareholder	NOUN
iiclr-17591	789	13	,	,	PUNCT
iiclr-17591	789	14	i.e.	i.e.	X
iiclr-17591	789	15	,	,	PUNCT
iiclr-17591	789	16	by	by	ADP
iiclr-17591	789	17	the	the	DET
iiclr-17591	789	18	same	same	ADJ
iiclr-17591	789	19	group	group	NOUN
iiclr-17591	789	20	that	that	PRON
iiclr-17591	789	21	elects	elect	VERB
iiclr-17591	789	22	directors	director	NOUN
iiclr-17591	789	23	.	.	PUNCT
iiclr-17591	790	1	yet	yet	ADV
iiclr-17591	790	2	auditors	auditor	NOUN
iiclr-17591	790	3	,	,	PUNCT
iiclr-17591	790	4	once	once	ADV
iiclr-17591	790	5	elected	elect	VERB
iiclr-17591	790	6	,	,	PUNCT
iiclr-17591	790	7	are	be	AUX
iiclr-17591	790	8	relatively	relatively	ADV
iiclr-17591	790	9	independent	independent	ADJ
iiclr-17591	790	10	of	of	ADP
iiclr-17591	790	11	shareholders	shareholder	NOUN
iiclr-17591	790	12	and	and	CCONJ
iiclr-17591	790	13	can	can	AUX
iiclr-17591	790	14	challenge	challenge	VERB
iiclr-17591	790	15	their	their	PRON
iiclr-17591	790	16	resolutions	resolution	NOUN
iiclr-17591	790	17	,	,	PUNCT
iiclr-17591	790	18	if	if	SCONJ
iiclr-17591	790	19	invalid	invalid	ADJ
iiclr-17591	790	20	,	,	PUNCT
iiclr-17591	790	21	in	in	ADP
iiclr-17591	790	22	court	court	NOUN
iiclr-17591	790	23	.	.	PUNCT
iiclr-17591	791	1	moreover	moreover	ADV
iiclr-17591	791	2	,	,	PUNCT
iiclr-17591	791	3	auditors	auditor	NOUN
iiclr-17591	791	4	are	be	AUX
iiclr-17591	791	5	normally	normally	ADV
iiclr-17591	791	6	interested	interested	ADJ
iiclr-17591	791	7	in	in	ADP
iiclr-17591	791	8	preserving	preserve	VERB
iiclr-17591	791	9	their	their	PRON
iiclr-17591	791	10	reputation	reputation	NOUN
iiclr-17591	791	11	and	and	CCONJ
iiclr-17591	791	12	are	be	AUX
iiclr-17591	791	13	risk	risk	NOUN
iiclr-17591	791	14	-	-	PUNCT
iiclr-17591	791	15	averse	averse	ADJ
iiclr-17591	791	16	monitors	monitor	NOUN
iiclr-17591	791	17	as	as	SCONJ
iiclr-17591	791	18	evidenced	evidence	VERB
iiclr-17591	791	19	by	by	ADP
iiclr-17591	791	20	the	the	DET
iiclr-17591	791	21	fact	fact	NOUN
iiclr-17591	791	22	that	that	SCONJ
iiclr-17591	791	23	their	their	PRON
iiclr-17591	791	24	compensation	compensation	NOUN
iiclr-17591	791	25	does	do	AUX
iiclr-17591	791	26	not	not	PART
iiclr-17591	791	27	depend	depend	VERB
iiclr-17591	791	28	on	on	ADP
iiclr-17591	791	29	the	the	DET
iiclr-17591	791	30	performance	performance	NOUN
iiclr-17591	791	31	of	of	ADP
iiclr-17591	791	32	the	the	DET
iiclr-17591	791	33	company	company	NOUN
iiclr-17591	791	34	.	.	PUNCT
iiclr-17591	792	1	whether	whether	SCONJ
iiclr-17591	792	2	the	the	DET
iiclr-17591	792	3	board	board	NOUN
iiclr-17591	792	4	of	of	ADP
iiclr-17591	792	5	auditors	auditor	NOUN
iiclr-17591	792	6	is	be	AUX
iiclr-17591	792	7	an	an	DET
iiclr-17591	792	8	effective	effective	ADJ
iiclr-17591	792	9	institution	institution	NOUN
iiclr-17591	792	10	is	be	AUX
iiclr-17591	792	11	an	an	DET
iiclr-17591	792	12	open	open	ADJ
iiclr-17591	792	13	question	question	NOUN
iiclr-17591	792	14	.	.	PUNCT
iiclr-17591	792	15	"	"	PUNCT
iiclr-17591	793	1	ill	ill	ADJ
iiclr-17591	793	2	.	.	PUNCT
iiclr-17591	794	1	the	the	DET
iiclr-17591	794	2	system	system	NOUN
iiclr-17591	794	3	of	of	ADP
iiclr-17591	794	4	corporate	corporate	ADJ
iiclr-17591	794	5	directors	director	NOUN
iiclr-17591	794	6	'	'	PART
iiclr-17591	794	7	liability	liability	NOUN
iiclr-17591	794	8	:	:	PUNCT
iiclr-17591	794	9	the.law	the.law	NOUN
iiclr-17591	794	10	a.	a.	NOUN
iiclr-17591	794	11	the	the	DET
iiclr-17591	794	12	"	"	PUNCT
iiclr-17591	794	13	tortious	tortious	ADJ
iiclr-17591	794	14	interference	interference	NOUN
iiclr-17591	794	15	"	"	PUNCT
iiclr-17591	794	16	liability	liability	NOUN
iiclr-17591	794	17	of	of	ADP
iiclr-17591	794	18	directors	director	NOUN
iiclr-17591	794	19	to	to	ADP
iiclr-17591	794	20	creditors	creditor	NOUN
iiclr-17591	794	21	.	.	PUNCT
iiclr-17591	795	1	the	the	DET
iiclr-17591	795	2	system	system	NOUN
iiclr-17591	795	3	of	of	ADP
iiclr-17591	795	4	corporate	corporate	ADJ
iiclr-17591	795	5	directors	director	NOUN
iiclr-17591	795	6	'	'	PART
iiclr-17591	795	7	liability	liability	NOUN
iiclr-17591	795	8	is	be	AUX
iiclr-17591	795	9	entirely	entirely	ADV
iiclr-17591	795	10	consistent	consistent	ADJ
iiclr-17591	795	11	with	with	ADP
iiclr-17591	795	12	the	the	DET
iiclr-17591	795	13	assumption	assumption	NOUN
iiclr-17591	795	14	that	that	SCONJ
iiclr-17591	795	15	the	the	DET
iiclr-17591	795	16	key	key	NOUN
iiclr-17591	795	17	to	to	ADP
iiclr-17591	795	18	italian	italian	ADJ
iiclr-17591	795	19	corporate	corporate	ADJ
iiclr-17591	795	20	governance	governance	NOUN
iiclr-17591	795	21	structure	structure	NOUN
iiclr-17591	795	22	lies	lie	VERB
iiclr-17591	795	23	in	in	ADP
iiclr-17591	795	24	the	the	DET
iiclr-17591	795	25	tight	tight	ADJ
iiclr-17591	795	26	relationship	relationship	NOUN
iiclr-17591	795	27	between	between	ADP
iiclr-17591	795	28	directors	director	NOUN
iiclr-17591	795	29	and	and	CCONJ
iiclr-17591	795	30	majority	majority	NOUN
iiclr-17591	795	31	shareholders	shareholder	NOUN
iiclr-17591	795	32	.	.	PUNCT
iiclr-17591	796	1	directors	director	NOUN
iiclr-17591	796	2	can	can	AUX
iiclr-17591	796	3	be	be	AUX
iiclr-17591	796	4	liable	liable	ADJ
iiclr-17591	796	5	(	(	PUNCT
iiclr-17591	796	6	a	a	X
iiclr-17591	796	7	)	)	PUNCT
iiclr-17591	796	8	to	to	ADP
iiclr-17591	796	9	the	the	DET
iiclr-17591	796	10	company	company	NOUN
iiclr-17591	796	11	(	(	PUNCT
iiclr-17591	796	12	civil	civil	ADJ
iiclr-17591	796	13	code	code	NOUN
iiclr-17591	796	14	art	art	NOUN
iiclr-17591	796	15	.	.	PUNCT
iiclr-17591	797	1	2392	2392	NUM
iiclr-17591	797	2	,	,	PUNCT
iiclr-17591	797	3	2393	2393	NUM
iiclr-17591	797	4	(	(	PUNCT
iiclr-17591	797	5	italy	italy	PROPN
iiclr-17591	797	6	)	)	PUNCT
iiclr-17591	797	7	)	)	PUNCT
iiclr-17591	797	8	,	,	PUNCT
iiclr-17591	797	9	(	(	PUNCT
iiclr-17591	797	10	b	b	X
iiclr-17591	797	11	)	)	PUNCT
iiclr-17591	797	12	to	to	ADP
iiclr-17591	797	13	its	its	PRON
iiclr-17591	797	14	creditors	creditor	NOUN
iiclr-17591	797	15	(	(	PUNCT
iiclr-17591	797	16	civil	civil	ADJ
iiclr-17591	797	17	code	code	NOUN
iiclr-17591	797	18	art	art	NOUN
iiclr-17591	797	19	.	.	PUNCT
iiclr-17591	798	1	2394	2394	NUM
iiclr-17591	798	2	(	(	PUNCT
iiclr-17591	798	3	italy	italy	PROPN
iiclr-17591	798	4	)	)	PUNCT
iiclr-17591	798	5	)	)	PUNCT
iiclr-17591	798	6	,	,	PUNCT
iiclr-17591	798	7	and	and	CCONJ
iiclr-17591	798	8	(	(	PUNCT
iiclr-17591	798	9	c	c	NOUN
iiclr-17591	798	10	)	)	PUNCT
iiclr-17591	798	11	to	to	ADP
iiclr-17591	798	12	shareholders	shareholder	NOUN
iiclr-17591	798	13	and	and	CCONJ
iiclr-17591	798	14	third	third	ADJ
iiclr-17591	798	15	parties	party	NOUN
iiclr-17591	798	16	in	in	ADP
iiclr-17591	798	17	general	general	ADJ
iiclr-17591	798	18	(	(	PUNCT
iiclr-17591	798	19	civil	civil	ADJ
iiclr-17591	798	20	code	code	NOUN
iiclr-17591	798	21	art	art	NOUN
iiclr-17591	798	22	.	.	PUNCT
iiclr-17591	799	1	2043	2043	NUM
iiclr-17591	799	2	,	,	PUNCT
iiclr-17591	799	3	2395	2395	NUM
iiclr-17591	799	4	(	(	PUNCT
iiclr-17591	799	5	italy	italy	PROPN
iiclr-17591	799	6	)	)	PUNCT
iiclr-17591	799	7	)	)	PUNCT
iiclr-17591	799	8	.	.	PUNCT
iiclr-17591	800	1	these	these	DET
iiclr-17591	800	2	different	different	ADJ
iiclr-17591	800	3	kinds	kind	NOUN
iiclr-17591	800	4	of	of	ADP
iiclr-17591	800	5	liability	liability	NOUN
iiclr-17591	800	6	rest	rest	NOUN
iiclr-17591	800	7	on	on	ADP
iiclr-17591	800	8	different	different	ADJ
iiclr-17591	800	9	grounds	ground	NOUN
iiclr-17591	800	10	.	.	PUNCT
iiclr-17591	801	1	while	while	SCONJ
iiclr-17591	801	2	the	the	DET
iiclr-17591	801	3	first	first	ADJ
iiclr-17591	801	4	is	be	AUX
iiclr-17591	801	5	a	a	DET
iiclr-17591	801	6	consequence	consequence	NOUN
iiclr-17591	801	7	of	of	ADP
iiclr-17591	801	8	directors	director	NOUN
iiclr-17591	801	9	'	'	PART
iiclr-17591	801	10	obligation	obligation	NOUN
iiclr-17591	801	11	to	to	PART
iiclr-17591	801	12	serve	serve	VERB
iiclr-17591	801	13	the	the	DET
iiclr-17591	801	14	company	company	NOUN
iiclr-17591	801	15	,	,	PUNCT
iiclr-17591	801	16	the	the	DET
iiclr-17591	801	17	second	second	ADJ
iiclr-17591	801	18	and	and	CCONJ
iiclr-17591	801	19	third	third	ADJ
iiclr-17591	801	20	derive	derive	NOUN
iiclr-17591	801	21	from	from	ADP
iiclr-17591	801	22	87	87	NUM
iiclr-17591	801	23	.	.	PUNCT
iiclr-17591	802	1	as	as	ADP
iiclr-17591	802	2	promised	promise	VERB
iiclr-17591	802	3	supra	supra	PROPN
iiclr-17591	802	4	,	,	PUNCT
iiclr-17591	802	5	it	it	PRON
iiclr-17591	802	6	is	be	AUX
iiclr-17591	802	7	now	now	ADV
iiclr-17591	802	8	time	time	NOUN
iiclr-17591	802	9	to	to	PART
iiclr-17591	802	10	keep	keep	VERB
iiclr-17591	802	11	pace	pace	NOUN
iiclr-17591	802	12	with	with	ADP
iiclr-17591	802	13	the	the	DET
iiclr-17591	802	14	differences	difference	NOUN
iiclr-17591	802	15	between	between	ADP
iiclr-17591	802	16	societiz	societiz	ADJ
iiclr-17591	802	17	per	per	ADP
iiclr-17591	802	18	azioni	azioni	NOUN
iiclr-17591	802	19	and	and	CCONJ
iiclr-17591	802	20	societd	societd	VERB
iiclr-17591	802	21	a	a	DET
iiclr-17591	802	22	responsabilita	responsabilita	PROPN
iiclr-17591	802	23	limitata	limitata	PROPN
iiclr-17591	802	24	.	.	PUNCT
iiclr-17591	803	1	as	as	ADP
iiclr-17591	803	2	for	for	ADP
iiclr-17591	803	3	the	the	DET
iiclr-17591	803	4	corporate	corporate	ADJ
iiclr-17591	803	5	governance	governance	NOUN
iiclr-17591	803	6	structure	structure	NOUN
iiclr-17591	803	7	,	,	PUNCT
iiclr-17591	803	8	the	the	DET
iiclr-17591	803	9	most	most	ADV
iiclr-17591	803	10	significant	significant	ADJ
iiclr-17591	803	11	differences	difference	NOUN
iiclr-17591	803	12	are	be	AUX
iiclr-17591	803	13	the	the	DET
iiclr-17591	803	14	following	follow	VERB
iiclr-17591	803	15	:	:	PUNCT
iiclr-17591	803	16	(	(	PUNCT
iiclr-17591	803	17	1	1	X
iiclr-17591	803	18	)	)	PUNCT
iiclr-17591	803	19	the	the	DET
iiclr-17591	803	20	institution	institution	NOUN
iiclr-17591	803	21	of	of	ADP
iiclr-17591	803	22	the	the	DET
iiclr-17591	803	23	board	board	NOUN
iiclr-17591	803	24	of	of	ADP
iiclr-17591	803	25	auditors	auditor	NOUN
iiclr-17591	803	26	is	be	AUX
iiclr-17591	803	27	mandatory	mandatory	ADJ
iiclr-17591	803	28	only	only	ADV
iiclr-17591	803	29	when	when	SCONJ
iiclr-17591	803	30	the	the	DET
iiclr-17591	803	31	company	company	NOUN
iiclr-17591	803	32	has	have	VERB
iiclr-17591	803	33	at	at	ADV
iiclr-17591	803	34	least	least	ADJ
iiclr-17591	803	35	200	200	NUM
iiclr-17591	803	36	million	million	NUM
iiclr-17591	803	37	liras	lira	NOUN
iiclr-17591	803	38	of	of	ADP
iiclr-17591	803	39	stated	state	VERB
iiclr-17591	803	40	capital	capital	NOUN
iiclr-17591	803	41	or	or	CCONJ
iiclr-17591	803	42	its	its	PRON
iiclr-17591	803	43	activity	activity	NOUN
iiclr-17591	803	44	is	be	AUX
iiclr-17591	803	45	not	not	PART
iiclr-17591	803	46	minimal	minimal	ADJ
iiclr-17591	803	47	in	in	ADP
iiclr-17591	803	48	size	size	NOUN
iiclr-17591	803	49	(	(	PUNCT
iiclr-17591	803	50	i.e.	i.e.	X
iiclr-17591	803	51	,	,	PUNCT
iiclr-17591	803	52	when	when	SCONJ
iiclr-17591	803	53	the	the	DET
iiclr-17591	803	54	company	company	NOUN
iiclr-17591	803	55	has	have	VERB
iiclr-17591	803	56	for	for	ADP
iiclr-17591	803	57	two	two	NUM
iiclr-17591	803	58	consecutive	consecutive	ADJ
iiclr-17591	803	59	years	year	NOUN
iiclr-17591	803	60	been	be	AUX
iiclr-17591	803	61	meeting	meet	VERB
iiclr-17591	803	62	two	two	NUM
iiclr-17591	803	63	of	of	ADP
iiclr-17591	803	64	the	the	DET
iiclr-17591	803	65	following	follow	VERB
iiclr-17591	803	66	requirements	requirement	NOUN
iiclr-17591	803	67	:	:	PUNCT
iiclr-17591	803	68	(	(	PUNCT
iiclr-17591	803	69	a	a	X
iiclr-17591	803	70	)	)	PUNCT
iiclr-17591	803	71	total	total	ADJ
iiclr-17591	803	72	assets	asset	NOUN
iiclr-17591	803	73	more	more	ADJ
iiclr-17591	803	74	than	than	ADP
iiclr-17591	803	75	3,090	3,090	NUM
iiclr-17591	803	76	million	million	NUM
iiclr-17591	803	77	lras	lra	NOUN
iiclr-17591	803	78	;	;	PUNCT
iiclr-17591	803	79	(	(	PUNCT
iiclr-17591	803	80	b	b	X
iiclr-17591	803	81	)	)	PUNCT
iiclr-17591	803	82	turnover	turnover	NOUN
iiclr-17591	803	83	more	more	ADJ
iiclr-17591	803	84	than	than	ADP
iiclr-17591	803	85	6,180	6,180	NUM
iiclr-17591	803	86	million	million	NUM
iiclr-17591	803	87	liras	lira	NOUN
iiclr-17591	803	88	;	;	PUNCT
iiclr-17591	803	89	or	or	CCONJ
iiclr-17591	803	90	(	(	PUNCT
iiclr-17591	803	91	c	c	X
iiclr-17591	803	92	)	)	PUNCT
iiclr-17591	803	93	an	an	DET
iiclr-17591	803	94	average	average	NOUN
iiclr-17591	803	95	of	of	ADP
iiclr-17591	803	96	more	more	ADJ
iiclr-17591	803	97	than	than	ADP
iiclr-17591	803	98	50	50	NUM
iiclr-17591	803	99	employees	employee	NOUN
iiclr-17591	803	100	each	each	DET
iiclr-17591	803	101	year	year	NOUN
iiclr-17591	803	102	.	.	PUNCT
iiclr-17591	804	1	c.c	c.c	PROPN
iiclr-17591	804	2	.	.	PROPN
iiclr-17591	804	3	arts	arts	PROPN
iiclr-17591	804	4	.	.	PUNCT
iiclr-17591	805	1	2435	2435	NUM
iiclr-17591	805	2	,	,	PUNCT
iiclr-17591	805	3	2488	2488	NUM
iiclr-17591	805	4	(	(	PUNCT
iiclr-17591	805	5	italy	italy	PROPN
iiclr-17591	805	6	)	)	PUNCT
iiclr-17591	805	7	)	)	PUNCT
iiclr-17591	805	8	;	;	PUNCT
iiclr-17591	806	1	(	(	PUNCT
iiclr-17591	806	2	2	2	X
iiclr-17591	806	3	)	)	PUNCT
iiclr-17591	806	4	when	when	SCONJ
iiclr-17591	806	5	the	the	DET
iiclr-17591	806	6	board	board	NOUN
iiclr-17591	806	7	of	of	ADP
iiclr-17591	806	8	auditors	auditor	NOUN
iiclr-17591	806	9	has	have	AUX
iiclr-17591	806	10	not	not	PART
iiclr-17591	806	11	been	be	AUX
iiclr-17591	806	12	instituted	institute	VERB
iiclr-17591	806	13	,	,	PUNCT
iiclr-17591	806	14	each	each	DET
iiclr-17591	806	15	shareholder	shareholder	NOUN
iiclr-17591	806	16	has	have	VERB
iiclr-17591	806	17	inquiry	inquiry	NOUN
iiclr-17591	806	18	and	and	CCONJ
iiclr-17591	806	19	control	control	NOUN
iiclr-17591	806	20	powers	power	NOUN
iiclr-17591	806	21	,	,	PUNCT
iiclr-17591	806	22	and	and	CCONJ
iiclr-17591	806	23	shareholders	shareholder	NOUN
iiclr-17591	806	24	representing	represent	VERB
iiclr-17591	806	25	one	one	NUM
iiclr-17591	806	26	-	-	PUNCT
iiclr-17591	806	27	third	third	NOUN
iiclr-17591	806	28	of	of	ADP
iiclr-17591	806	29	the	the	DET
iiclr-17591	806	30	capital	capital	NOUN
iiclr-17591	806	31	may	may	AUX
iiclr-17591	806	32	perform	perform	VERB
iiclr-17591	806	33	an	an	DET
iiclr-17591	806	34	annual	annual	ADJ
iiclr-17591	806	35	accounting	accounting	NOUN
iiclr-17591	806	36	control	control	NOUN
iiclr-17591	806	37	.	.	PUNCT
iiclr-17591	807	1	c.c	c.c	PROPN
iiclr-17591	807	2	.	.	PROPN
iiclr-17591	807	3	art	art	NOUN
iiclr-17591	807	4	.	.	PUNCT
iiclr-17591	808	1	2489	2489	NUM
iiclr-17591	808	2	(	(	PUNCT
iiclr-17591	808	3	italy	italy	PROPN
iiclr-17591	808	4	)	)	PUNCT
iiclr-17591	808	5	;	;	PUNCT
iiclr-17591	808	6	(	(	PUNCT
iiclr-17591	808	7	3	3	X
iiclr-17591	808	8	)	)	PUNCT
iiclr-17591	808	9	the	the	DET
iiclr-17591	808	10	default	default	NOUN
iiclr-17591	808	11	(	(	PUNCT
iiclr-17591	808	12	but	but	CCONJ
iiclr-17591	808	13	widely	widely	ADV
iiclr-17591	808	14	opted	opt	VERB
iiclr-17591	808	15	-	-	PUNCT
iiclr-17591	808	16	out	out	ADP
iiclr-17591	808	17	)	)	PUNCT
iiclr-17591	808	18	rule	rule	NOUN
iiclr-17591	808	19	is	be	AUX
iiclr-17591	808	20	that	that	SCONJ
iiclr-17591	808	21	only	only	ADV
iiclr-17591	808	22	shareholders	shareholder	NOUN
iiclr-17591	808	23	can	can	AUX
iiclr-17591	808	24	be	be	AUX
iiclr-17591	808	25	elected	elect	VERB
iiclr-17591	808	26	directors	director	NOUN
iiclr-17591	808	27	.	.	PUNCT
iiclr-17591	809	1	directors	director	NOUN
iiclr-17591	809	2	can	can	AUX
iiclr-17591	809	3	serve	serve	VERB
iiclr-17591	809	4	indefinitely	indefinitely	ADV
iiclr-17591	809	5	(	(	PUNCT
iiclr-17591	809	6	i.e.	i.e.	X
iiclr-17591	809	7	,	,	PUNCT
iiclr-17591	809	8	an	an	DET
iiclr-17591	809	9	expiration	expiration	NOUN
iiclr-17591	809	10	date	date	NOUN
iiclr-17591	809	11	is	be	AUX
iiclr-17591	809	12	not	not	PART
iiclr-17591	809	13	mandated	mandate	VERB
iiclr-17591	809	14	as	as	SCONJ
iiclr-17591	809	15	it	it	PRON
iiclr-17591	809	16	is	be	AUX
iiclr-17591	809	17	in	in	ADP
iiclr-17591	809	18	the	the	DET
iiclr-17591	809	19	s.p.a	s.p.a	NOUN
iiclr-17591	809	20	.	.	PUNCT
iiclr-17591	809	21	)	)	PUNCT
iiclr-17591	809	22	,	,	PUNCT
iiclr-17591	809	23	but	but	CCONJ
iiclr-17591	809	24	a	a	DET
iiclr-17591	809	25	shareholders	shareholder	NOUN
iiclr-17591	809	26	'	'	PART
iiclr-17591	809	27	vote	vote	NOUN
iiclr-17591	809	28	can	can	AUX
iiclr-17591	809	29	always	always	ADV
iiclr-17591	809	30	remove	remove	VERB
iiclr-17591	809	31	them	they	PRON
iiclr-17591	809	32	;	;	PUNCT
iiclr-17591	809	33	and	and	CCONJ
iiclr-17591	809	34	(	(	PUNCT
iiclr-17591	809	35	4	4	X
iiclr-17591	809	36	)	)	PUNCT
iiclr-17591	809	37	the	the	DET
iiclr-17591	809	38	societ	societ	PROPN
iiclr-17591	809	39	a	a	DET
iiclr-17591	809	40	responsabilitd	responsabilitd	NOUN
iiclr-17591	809	41	limitata	limitata	NOUN
iiclr-17591	809	42	is	be	AUX
iiclr-17591	809	43	the	the	DET
iiclr-17591	809	44	only	only	ADJ
iiclr-17591	809	45	kind	kind	NOUN
iiclr-17591	809	46	of	of	ADP
iiclr-17591	809	47	corporation	corporation	NOUN
iiclr-17591	809	48	that	that	PRON
iiclr-17591	809	49	can	can	AUX
iiclr-17591	809	50	be	be	AUX
iiclr-17591	809	51	incorporated	incorporate	VERB
iiclr-17591	809	52	by	by	ADP
iiclr-17591	809	53	a	a	DET
iiclr-17591	809	54	sole	sole	ADJ
iiclr-17591	809	55	shareholder	shareholder	NOUN
iiclr-17591	809	56	and	and	CCONJ
iiclr-17591	809	57	is	be	AUX
iiclr-17591	809	58	the	the	DET
iiclr-17591	809	59	sole	sole	ADJ
iiclr-17591	809	60	kind	kind	NOUN
iiclr-17591	809	61	of	of	ADP
iiclr-17591	809	62	corporation	corporation	NOUN
iiclr-17591	809	63	that	that	PRON
iiclr-17591	809	64	allows	allow	VERB
iiclr-17591	809	65	a	a	DET
iiclr-17591	809	66	sole	sole	ADJ
iiclr-17591	809	67	shareholder	shareholder	NOUN
iiclr-17591	809	68	to	to	PART
iiclr-17591	809	69	enjoy	enjoy	VERB
iiclr-17591	809	70	limited	limited	ADJ
iiclr-17591	809	71	liability	liability	NOUN
iiclr-17591	809	72	(	(	PUNCT
iiclr-17591	809	73	c.c	c.c	PROPN
iiclr-17591	809	74	.	.	PROPN
iiclr-17591	809	75	arts	art	NOUN
iiclr-17591	809	76	.	.	PUNCT
iiclr-17591	810	1	2475(3	2475(3	NUM
iiclr-17591	810	2	)	)	PUNCT
iiclr-17591	810	3	,	,	PUNCT
iiclr-17591	810	4	2475	2475	NUM
iiclr-17591	810	5	-	-	PUNCT
iiclr-17591	810	6	bis	bis	ADJ
iiclr-17591	810	7	,	,	PUNCT
iiclr-17591	810	8	2497(2	2497(2	NUM
iiclr-17591	810	9	)	)	PUNCT
iiclr-17591	810	10	(	(	PUNCT
iiclr-17591	810	11	italy	italy	PROPN
iiclr-17591	810	12	)	)	PUNCT
iiclr-17591	810	13	)	)	PUNCT
iiclr-17591	810	14	,	,	PUNCT
iiclr-17591	810	15	provided	provide	VERB
iiclr-17591	810	16	that	that	SCONJ
iiclr-17591	810	17	the	the	DET
iiclr-17591	810	18	shareholder	shareholder	NOUN
iiclr-17591	810	19	is	be	AUX
iiclr-17591	810	20	not	not	PART
iiclr-17591	810	21	an	an	DET
iiclr-17591	810	22	entity	entity	NOUN
iiclr-17591	810	23	having	have	VERB
iiclr-17591	810	24	legal	legal	ADJ
iiclr-17591	810	25	personality	personality	NOUN
iiclr-17591	810	26	and	and	CCONJ
iiclr-17591	810	27	that	that	SCONJ
iiclr-17591	810	28	certain	certain	ADJ
iiclr-17591	810	29	other	other	ADJ
iiclr-17591	810	30	conditions	condition	NOUN
iiclr-17591	810	31	are	be	AUX
iiclr-17591	810	32	met	meet	VERB
iiclr-17591	810	33	.	.	PUNCT
iiclr-17591	811	1	(	(	PUNCT
iiclr-17591	811	2	the	the	DET
iiclr-17591	811	3	societi	societi	PROPN
iiclr-17591	811	4	per	per	ADP
iiclr-17591	811	5	azioni	azioni	PROPN
iiclr-17591	811	6	can	can	AUX
iiclr-17591	811	7	have	have	VERB
iiclr-17591	811	8	a	a	DET
iiclr-17591	811	9	sole	sole	ADJ
iiclr-17591	811	10	shareholder	shareholder	NOUN
iiclr-17591	811	11	only	only	ADV
iiclr-17591	811	12	once	once	SCONJ
iiclr-17591	811	13	it	it	PRON
iiclr-17591	811	14	has	have	AUX
iiclr-17591	811	15	been	be	AUX
iiclr-17591	811	16	incorporated	incorporate	VERB
iiclr-17591	811	17	,	,	PUNCT
iiclr-17591	811	18	and	and	CCONJ
iiclr-17591	811	19	in	in	ADP
iiclr-17591	811	20	this	this	DET
iiclr-17591	811	21	case	case	NOUN
iiclr-17591	811	22	the	the	DET
iiclr-17591	811	23	sole	sole	ADJ
iiclr-17591	811	24	shareholder	shareholder	NOUN
iiclr-17591	811	25	is	be	AUX
iiclr-17591	811	26	liable	liable	ADJ
iiclr-17591	811	27	for	for	ADP
iiclr-17591	811	28	the	the	DET
iiclr-17591	811	29	obligations	obligation	NOUN
iiclr-17591	811	30	of	of	ADP
iiclr-17591	811	31	the	the	DET
iiclr-17591	811	32	company	company	NOUN
iiclr-17591	811	33	when	when	SCONJ
iiclr-17591	811	34	some	some	DET
iiclr-17591	811	35	further	further	ADJ
iiclr-17591	811	36	conditions	condition	NOUN
iiclr-17591	811	37	,	,	PUNCT
iiclr-17591	811	38	set	set	VERB
iiclr-17591	811	39	forth	forth	ADV
iiclr-17591	811	40	by	by	ADP
iiclr-17591	811	41	c.c	c.c	PROPN
iiclr-17591	811	42	.	.	PROPN
iiclr-17591	811	43	art	art	PROPN
iiclr-17591	811	44	.	.	PUNCT
iiclr-17591	812	1	2362	2362	NUM
iiclr-17591	812	2	(	(	PUNCT
iiclr-17591	812	3	italy	italy	PROPN
iiclr-17591	812	4	)	)	PUNCT
iiclr-17591	812	5	,	,	PUNCT
iiclr-17591	812	6	are	be	AUX
iiclr-17591	812	7	met	meet	VERB
iiclr-17591	812	8	.	.	PUNCT
iiclr-17591	812	9	)	)	PUNCT
iiclr-17591	813	1	no	no	DET
iiclr-17591	813	2	significant	significant	ADJ
iiclr-17591	813	3	changes	change	NOUN
iiclr-17591	813	4	occur	occur	VERB
iiclr-17591	813	5	when	when	SCONJ
iiclr-17591	813	6	the	the	DET
iiclr-17591	813	7	societa	societa	NOUN
iiclr-17591	813	8	a	a	DET
iiclr-17591	813	9	responsabilita	responsabilita	PROPN
iiclr-17591	813	10	limitata	limitata	PROPN
iiclr-17591	813	11	has	have	VERB
iiclr-17591	813	12	a	a	DET
iiclr-17591	813	13	sole	sole	ADJ
iiclr-17591	813	14	shareholder	shareholder	NOUN
iiclr-17591	813	15	,	,	PUNCT
iiclr-17591	813	16	except	except	SCONJ
iiclr-17591	813	17	that	that	SCONJ
iiclr-17591	813	18	the	the	DET
iiclr-17591	813	19	transactions	transaction	NOUN
iiclr-17591	813	20	between	between	ADP
iiclr-17591	813	21	the	the	DET
iiclr-17591	813	22	shareholder	shareholder	NOUN
iiclr-17591	813	23	and	and	CCONJ
iiclr-17591	813	24	the	the	DET
iiclr-17591	813	25	company	company	NOUN
iiclr-17591	813	26	must	must	AUX
iiclr-17591	813	27	always	always	ADV
iiclr-17591	813	28	be	be	AUX
iiclr-17591	813	29	done	do	VERB
iiclr-17591	813	30	in	in	ADP
iiclr-17591	813	31	writing	writing	NOUN
iiclr-17591	813	32	(	(	PUNCT
iiclr-17591	813	33	c.c	c.c	PROPN
iiclr-17591	813	34	.	.	PROPN
iiclr-17591	813	35	art	art	NOUN
iiclr-17591	813	36	.	.	PUNCT
iiclr-17591	814	1	2490	2490	NUM
iiclr-17591	814	2	-	-	PUNCT
iiclr-17591	814	3	bis	bis	X
iiclr-17591	814	4	(	(	PUNCT
iiclr-17591	814	5	italy	italy	PROPN
iiclr-17591	814	6	)	)	PUNCT
iiclr-17591	814	7	)	)	PUNCT
iiclr-17591	814	8	.	.	PUNCT
iiclr-17591	815	1	1995	1995	NUM
iiclr-17591	815	2	]	]	X
iiclr-17591	815	3	ind	ind	NOUN
iiclr-17591	815	4	.	.	PUNCT
iiclr-17591	816	1	int'l	int'l	PROPN
iiclr-17591	816	2	&	&	CCONJ
iiclr-17591	816	3	comp	comp	PROPN
iiclr-17591	816	4	.	.	PUNCT
iiclr-17591	817	1	l	l	PROPN
iiclr-17591	817	2	rev	rev	PROPN
iiclr-17591	817	3	.	.	PROPN
iiclr-17591	818	1	general	general	ADJ
iiclr-17591	818	2	principles	principle	NOUN
iiclr-17591	818	3	of	of	ADP
iiclr-17591	818	4	tort	tort	NOUN
iiclr-17591	818	5	law	law	NOUN
iiclr-17591	818	6	.	.	PUNCT
iiclr-17591	819	1	putting	put	VERB
iiclr-17591	819	2	aside	aside	ADP
iiclr-17591	819	3	directors	director	NOUN
iiclr-17591	819	4	'	'	PART
iiclr-17591	819	5	liability	liability	NOUN
iiclr-17591	819	6	to	to	ADP
iiclr-17591	819	7	the	the	DET
iiclr-17591	819	8	company	company	NOUN
iiclr-17591	819	9	for	for	ADP
iiclr-17591	819	10	later	later	ADV
iiclr-17591	819	11	examination,.let	examination,.let	PROPN
iiclr-17591	819	12	us	we	PRON
iiclr-17591	819	13	now	now	ADV
iiclr-17591	819	14	deal	deal	VERB
iiclr-17591	819	15	with	with	ADP
iiclr-17591	819	16	the	the	DET
iiclr-17591	819	17	other	other	ADJ
iiclr-17591	819	18	two	two	NUM
iiclr-17591	819	19	kinds	kind	NOUN
iiclr-17591	819	20	of	of	ADP
iiclr-17591	819	21	liability	liability	NOUN
iiclr-17591	819	22	briefly	briefly	ADV
iiclr-17591	819	23	.	.	PUNCT
iiclr-17591	820	1	directors	director	NOUN
iiclr-17591	820	2	,	,	PUNCT
iiclr-17591	820	3	under	under	ADP
iiclr-17591	820	4	the	the	DET
iiclr-17591	820	5	civil	civil	ADJ
iiclr-17591	820	6	code	code	NOUN
iiclr-17591	820	7	art	art	NOUN
iiclr-17591	820	8	.	.	PUNCT
iiclr-17591	821	1	2394	2394	NUM
iiclr-17591	821	2	(	(	PUNCT
iiclr-17591	821	3	italy	italy	PROPN
iiclr-17591	821	4	)	)	PUNCT
iiclr-17591	821	5	,	,	PUNCT
iiclr-17591	821	6	are	be	AUX
iiclr-17591	821	7	liable	liable	ADJ
iiclr-17591	821	8	to	to	ADP
iiclr-17591	821	9	creditors	creditor	NOUN
iiclr-17591	821	10	when	when	SCONJ
iiclr-17591	821	11	the	the	DET
iiclr-17591	821	12	assets	asset	NOUN
iiclr-17591	821	13	of	of	ADP
iiclr-17591	821	14	the	the	DET
iiclr-17591	821	15	company	company	NOUN
iiclr-17591	821	16	are	be	AUX
iiclr-17591	821	17	insufficient	insufficient	ADJ
iiclr-17591	821	18	to	to	PART
iiclr-17591	821	19	satisfy	satisfy	VERB
iiclr-17591	821	20	its	its	PRON
iiclr-17591	821	21	obligations	obligation	NOUN
iiclr-17591	821	22	and	and	CCONJ
iiclr-17591	821	23	directors	director	NOUN
iiclr-17591	821	24	have	have	AUX
iiclr-17591	821	25	violated	violate	VERB
iiclr-17591	821	26	the	the	DET
iiclr-17591	821	27	"	"	PUNCT
iiclr-17591	821	28	rules	rule	NOUN
iiclr-17591	821	29	of	of	ADP
iiclr-17591	821	30	preservation	preservation	NOUN
iiclr-17591	821	31	of	of	ADP
iiclr-17591	821	32	the	the	DET
iiclr-17591	821	33	company	company	NOUN
iiclr-17591	821	34	's	's	PART
iiclr-17591	821	35	assets	asset	NOUN
iiclr-17591	821	36	"	"	PUNCT
iiclr-17591	821	37	(	(	PUNCT
iiclr-17591	821	38	e.g.	e.g.	ADV
iiclr-17591	821	39	,	,	PUNCT
iiclr-17591	821	40	they	they	PRON
iiclr-17591	821	41	have	have	AUX
iiclr-17591	821	42	distributed	distribute	VERB
iiclr-17591	821	43	r	r	NOUN
iiclr-17591	821	44	wasted	waste	VERB
iiclr-17591	821	45	assets	asset	NOUN
iiclr-17591	821	46	,	,	PUNCT
iiclr-17591	821	47	or	or	CCONJ
iiclr-17591	821	48	they	they	PRON
iiclr-17591	821	49	have	have	AUX
iiclr-17591	821	50	paid	pay	VERB
iiclr-17591	821	51	out	out	ADP
iiclr-17591	821	52	more	more	ADJ
iiclr-17591	821	53	dividends	dividend	NOUN
iiclr-17591	821	54	than	than	SCONJ
iiclr-17591	821	55	they	they	PRON
iiclr-17591	821	56	were	be	AUX
iiclr-17591	821	57	allowed).88	allowed).88	PROPN
iiclr-17591	821	58	this	this	DET
iiclr-17591	821	59	provision	provision	NOUN
iiclr-17591	821	60	does	do	AUX
iiclr-17591	821	61	not	not	PART
iiclr-17591	821	62	create	create	VERB
iiclr-17591	821	63	a	a	DET
iiclr-17591	821	64	duty	duty	NOUN
iiclr-17591	821	65	of	of	ADP
iiclr-17591	821	66	the	the	DET
iiclr-17591	821	67	board	board	NOUN
iiclr-17591	821	68	owed	owe	VERB
iiclr-17591	821	69	to	to	ADP
iiclr-17591	821	70	creditors	creditor	NOUN
iiclr-17591	821	71	of	of	ADP
iiclr-17591	821	72	the	the	DET
iiclr-17591	821	73	company	company	NOUN
iiclr-17591	821	74	,	,	PUNCT
iiclr-17591	821	75	but	but	CCONJ
iiclr-17591	821	76	only	only	ADV
iiclr-17591	821	77	imposes	impose	VERB
iiclr-17591	821	78	upon	upon	SCONJ
iiclr-17591	821	79	it	it	PRON
iiclr-17591	821	80	a	a	DET
iiclr-17591	821	81	duty	duty	NOUN
iiclr-17591	821	82	to	to	PART
iiclr-17591	821	83	abstain	abstain	VERB
iiclr-17591	821	84	from	from	ADP
iiclr-17591	821	85	prejudicing	prejudice	VERB
iiclr-17591	821	86	the	the	DET
iiclr-17591	821	87	relationship	relationship	NOUN
iiclr-17591	821	88	between	between	ADP
iiclr-17591	821	89	the	the	DET
iiclr-17591	821	90	company	company	NOUN
iiclr-17591	821	91	and	and	CCONJ
iiclr-17591	821	92	its	its	PRON
iiclr-17591	821	93	creditors.89	creditors.89	NOUN
iiclr-17591	821	94	the	the	DET
iiclr-17591	821	95	most	most	ADV
iiclr-17591	821	96	convincing	convincing	ADJ
iiclr-17591	821	97	theory	theory	NOUN
iiclr-17591	821	98	,	,	PUNCT
iiclr-17591	821	99	then	then	ADV
iiclr-17591	821	100	,	,	PUNCT
iiclr-17591	821	101	seems	seem	VERB
iiclr-17591	821	102	to	to	PART
iiclr-17591	821	103	be	be	AUX
iiclr-17591	821	104	that	that	PRON
iiclr-17591	821	105	which	which	PRON
iiclr-17591	821	106	describes	describe	VERB
iiclr-17591	821	107	this	this	DET
iiclr-17591	821	108	provision	provision	NOUN
iiclr-17591	821	109	as	as	ADP
iiclr-17591	821	110	codifying	codify	VERB
iiclr-17591	821	111	a	a	DET
iiclr-17591	821	112	tort	tort	NOUN
iiclr-17591	821	113	-	-	PUNCT
iiclr-17591	821	114	of	of	ADP
iiclr-17591	821	115	-	-	PUNCT
iiclr-17591	821	116	interference	interference	NOUN
iiclr-17591	821	117	liability.9	liability.9	ADJ
iiclr-17591	821	118	9	9	NUM
iiclr-17591	821	119	'	'	NUM
iiclr-17591	821	120	88	88	NUM
iiclr-17591	821	121	.	.	PUNCT
iiclr-17591	822	1	c.c	c.c	PROPN
iiclr-17591	822	2	.	.	PROPN
iiclr-17591	822	3	art	art	PROPN
iiclr-17591	822	4	.	.	PUNCT
iiclr-17591	823	1	2394	2394	NUM
iiclr-17591	823	2	(	(	PUNCT
iiclr-17591	823	3	italy	italy	PROPN
iiclr-17591	823	4	)	)	PUNCT
iiclr-17591	823	5	does	do	AUX
iiclr-17591	823	6	not	not	PART
iiclr-17591	823	7	only	only	ADV
iiclr-17591	823	8	concern	concern	VERB
iiclr-17591	823	9	illegal	illegal	ADJ
iiclr-17591	823	10	payment	payment	NOUN
iiclr-17591	823	11	of	of	ADP
iiclr-17591	823	12	dividends	dividend	NOUN
iiclr-17591	823	13	but	but	CCONJ
iiclr-17591	823	14	also	also	ADV
iiclr-17591	823	15	illegal	illegal	ADJ
iiclr-17591	823	16	repurchase	repurchase	NOUN
iiclr-17591	823	17	of	of	ADP
iiclr-17591	823	18	shares	share	NOUN
iiclr-17591	823	19	,	,	PUNCT
iiclr-17591	823	20	stock	stock	NOUN
iiclr-17591	823	21	watering	watering	NOUN
iiclr-17591	823	22	,	,	PUNCT
iiclr-17591	823	23	and	and	CCONJ
iiclr-17591	823	24	in	in	ADP
iiclr-17591	823	25	general	general	ADJ
iiclr-17591	823	26	every	every	DET
iiclr-17591	823	27	operation	operation	NOUN
iiclr-17591	823	28	that	that	PRON
iiclr-17591	823	29	has	have	VERB
iiclr-17591	823	30	the	the	DET
iiclr-17591	823	31	effect	effect	NOUN
iiclr-17591	823	32	of	of	ADP
iiclr-17591	823	33	reducing	reduce	VERB
iiclr-17591	823	34	the	the	DET
iiclr-17591	823	35	company	company	NOUN
iiclr-17591	823	36	's	's	PART
iiclr-17591	823	37	assets	asset	NOUN
iiclr-17591	823	38	in	in	ADP
iiclr-17591	823	39	violation	violation	NOUN
iiclr-17591	823	40	of	of	ADP
iiclr-17591	823	41	a	a	DET
iiclr-17591	823	42	specific	specific	ADJ
iiclr-17591	823	43	provision	provision	NOUN
iiclr-17591	823	44	of	of	ADP
iiclr-17591	823	45	law	law	NOUN
iiclr-17591	823	46	.	.	PUNCT
iiclr-17591	824	1	a	a	DET
iiclr-17591	824	2	strict	strict	ADJ
iiclr-17591	824	3	causation	causation	NOUN
iiclr-17591	824	4	between	between	ADP
iiclr-17591	824	5	the	the	DET
iiclr-17591	824	6	operation	operation	NOUN
iiclr-17591	824	7	and	and	CCONJ
iiclr-17591	824	8	the	the	DET
iiclr-17591	824	9	insufficiency	insufficiency	NOUN
iiclr-17591	824	10	of	of	ADP
iiclr-17591	824	11	the	the	DET
iiclr-17591	824	12	assets	asset	NOUN
iiclr-17591	824	13	is	be	AUX
iiclr-17591	824	14	usually	usually	ADV
iiclr-17591	824	15	not	not	PART
iiclr-17591	824	16	required	require	VERB
iiclr-17591	824	17	.	.	PUNCT
iiclr-17591	825	1	for	for	ADP
iiclr-17591	825	2	example	example	NOUN
iiclr-17591	825	3	,	,	PUNCT
iiclr-17591	825	4	an	an	DET
iiclr-17591	825	5	illegal	illegal	ADJ
iiclr-17591	825	6	payment	payment	NOUN
iiclr-17591	825	7	of	of	ADP
iiclr-17591	825	8	dividends	dividend	NOUN
iiclr-17591	825	9	can	can	AUX
iiclr-17591	825	10	be	be	AUX
iiclr-17591	825	11	attacked	attack	VERB
iiclr-17591	825	12	even	even	ADV
iiclr-17591	825	13	if	if	SCONJ
iiclr-17591	825	14	the	the	DET
iiclr-17591	825	15	company	company	NOUN
iiclr-17591	825	16	became	become	VERB
iiclr-17591	825	17	insolvent	insolvent	ADJ
iiclr-17591	825	18	at	at	ADP
iiclr-17591	825	19	a	a	DET
iiclr-17591	825	20	later	later	ADJ
iiclr-17591	825	21	date	date	NOUN
iiclr-17591	825	22	.	.	PUNCT
iiclr-17591	826	1	89	89	NUM
iiclr-17591	826	2	.	.	PUNCT
iiclr-17591	827	1	it	it	PRON
iiclr-17591	827	2	is	be	AUX
iiclr-17591	827	3	interesting	interesting	ADJ
iiclr-17591	827	4	to	to	PART
iiclr-17591	827	5	discuss	discuss	VERB
iiclr-17591	827	6	the	the	DET
iiclr-17591	827	7	possible	possible	ADJ
iiclr-17591	827	8	outcome	outcome	NOUN
iiclr-17591	827	9	of	of	ADP
iiclr-17591	827	10	the	the	DET
iiclr-17591	827	11	famous	famous	ADJ
iiclr-17591	827	12	case	case	NOUN
iiclr-17591	827	13	credit	credit	PROPN
iiclr-17591	827	14	lyonnais	lyonnais	PROPN
iiclr-17591	827	15	bank	bank	PROPN
iiclr-17591	827	16	,	,	PUNCT
iiclr-17591	827	17	nederland	nederland	PROPN
iiclr-17591	827	18	v.	v.	ADP
iiclr-17591	827	19	pathecommunication	pathecommunication	PROPN
iiclr-17591	827	20	corporation	corporation	NOUN
iiclr-17591	827	21	,	,	PUNCT
iiclr-17591	827	22	no	no	INTJ
iiclr-17591	827	23	.	.	PUNCT
iiclr-17591	828	1	12150,1991	12150,1991	NUM
iiclr-17591	828	2	w.l	w.l	PROPN
iiclr-17591	828	3	.	.	PROPN
iiclr-17591	828	4	277613	277613	NUM
iiclr-17591	828	5	(	(	PUNCT
iiclr-17591	828	6	del	del	PROPN
iiclr-17591	828	7	.	.	PROPN
iiclr-17591	828	8	ch	ch	PROPN
iiclr-17591	828	9	.	.	PUNCT
iiclr-17591	828	10	dec	dec	PROPN
iiclr-17591	828	11	.	.	PROPN
iiclr-17591	828	12	30	30	NUM
iiclr-17591	828	13	,	,	PUNCT
iiclr-17591	828	14	1991	1991	NUM
iiclr-17591	828	15	)	)	PUNCT
iiclr-17591	829	1	under	under	ADP
iiclr-17591	829	2	the	the	DET
iiclr-17591	829	3	italian	italian	ADJ
iiclr-17591	829	4	law	law	NOUN
iiclr-17591	829	5	.	.	PUNCT
iiclr-17591	830	1	the	the	DET
iiclr-17591	830	2	case	case	NOUN
iiclr-17591	830	3	has	have	AUX
iiclr-17591	830	4	stirred	stir	VERB
iiclr-17591	830	5	debate	debate	NOUN
iiclr-17591	830	6	on	on	ADP
iiclr-17591	830	7	whether	whether	SCONJ
iiclr-17591	830	8	the	the	DET
iiclr-17591	830	9	board	board	NOUN
iiclr-17591	830	10	of	of	ADP
iiclr-17591	830	11	directors	director	NOUN
iiclr-17591	830	12	owes	owe	VERB
iiclr-17591	830	13	duties	duty	NOUN
iiclr-17591	830	14	to	to	ADP
iiclr-17591	830	15	the	the	DET
iiclr-17591	830	16	creditors	creditor	NOUN
iiclr-17591	830	17	of	of	ADP
iiclr-17591	830	18	the	the	DET
iiclr-17591	830	19	company	company	NOUN
iiclr-17591	830	20	,	,	PUNCT
iiclr-17591	830	21	and	and	CCONJ
iiclr-17591	830	22	chancellor	chancellor	PROPN
iiclr-17591	830	23	allen	allen	PROPN
iiclr-17591	830	24	answered	answer	VERB
iiclr-17591	830	25	that	that	SCONJ
iiclr-17591	830	26	,	,	PUNCT
iiclr-17591	830	27	"	"	PUNCT
iiclr-17591	830	28	[	[	X
iiclr-17591	830	29	alt	alt	X
iiclr-17591	830	30	least	least	ADJ
iiclr-17591	830	31	where	where	SCONJ
iiclr-17591	830	32	a	a	DET
iiclr-17591	830	33	corporation	corporation	NOUN
iiclr-17591	830	34	is	be	AUX
iiclr-17591	830	35	operating	operate	VERB
iiclr-17591	830	36	in	in	ADP
iiclr-17591	830	37	the	the	DET
iiclr-17591	830	38	vicinity	vicinity	NOUN
iiclr-17591	830	39	of	of	ADP
iiclr-17591	830	40	insolvency	insolvency	NOUN
iiclr-17591	830	41	,	,	PUNCT
iiclr-17591	830	42	a	a	DET
iiclr-17591	830	43	board	board	NOUN
iiclr-17591	830	44	of	of	ADP
iiclr-17591	830	45	directors	director	NOUN
iiclr-17591	830	46	is	be	AUX
iiclr-17591	830	47	not	not	PART
iiclr-17591	830	48	merely	merely	ADV
iiclr-17591	830	49	the	the	DET
iiclr-17591	830	50	agent	agent	NOUN
iiclr-17591	830	51	for	for	ADP
iiclr-17591	830	52	the	the	DET
iiclr-17591	830	53	residual	residual	ADJ
iiclr-17591	830	54	risk	risk	NOUN
iiclr-17591	830	55	bearers	bearer	NOUN
iiclr-17591	830	56	,	,	PUNCT
iiclr-17591	830	57	but	but	CCONJ
iiclr-17591	830	58	owes	owe	VERB
iiclr-17591	830	59	a	a	DET
iiclr-17591	830	60	duty	duty	NOUN
iiclr-17591	830	61	to	to	ADP
iiclr-17591	830	62	the	the	DET
iiclr-17591	830	63	corporate	corporate	ADJ
iiclr-17591	830	64	enterprise	enterprise	NOUN
iiclr-17591	830	65	.	.	PUNCT
iiclr-17591	830	66	"	"	PUNCT
iiclr-17591	831	1	i	i	PRON
iiclr-17591	831	2	d	d	PROPN
iiclr-17591	831	3	at	at	ADP
iiclr-17591	831	4	28	28	NUM
iiclr-17591	831	5	.	.	PUNCT
iiclr-17591	832	1	the	the	DET
iiclr-17591	832	2	board	board	NOUN
iiclr-17591	832	3	,	,	PUNCT
iiclr-17591	832	4	then	then	ADV
iiclr-17591	832	5	,	,	PUNCT
iiclr-17591	832	6	can	can	AUX
iiclr-17591	832	7	not	not	PART
iiclr-17591	832	8	engage	engage	VERB
iiclr-17591	832	9	in	in	ADP
iiclr-17591	832	10	overly	overly	ADV
iiclr-17591	832	11	speculative	speculative	ADJ
iiclr-17591	832	12	undertakings	undertaking	NOUN
iiclr-17591	832	13	when	when	SCONJ
iiclr-17591	832	14	the	the	DET
iiclr-17591	832	15	company	company	NOUN
iiclr-17591	832	16	is	be	AUX
iiclr-17591	832	17	nearly	nearly	ADV
iiclr-17591	832	18	insolvent	insolvent	ADJ
iiclr-17591	832	19	.	.	PUNCT
iiclr-17591	833	1	(	(	PUNCT
iiclr-17591	833	2	a	a	DET
iiclr-17591	833	3	possible	possible	ADJ
iiclr-17591	833	4	,	,	PUNCT
iiclr-17591	833	5	more	more	ADV
iiclr-17591	833	6	narrow	narrow	ADJ
iiclr-17591	833	7	reading	reading	NOUN
iiclr-17591	833	8	of	of	ADP
iiclr-17591	833	9	the	the	DET
iiclr-17591	833	10	case	case	NOUN
iiclr-17591	833	11	is	be	AUX
iiclr-17591	833	12	that	that	SCONJ
iiclr-17591	833	13	the	the	DET
iiclr-17591	833	14	board	board	NOUN
iiclr-17591	833	15	is	be	AUX
iiclr-17591	833	16	not	not	PART
iiclr-17591	833	17	liable	liable	ADJ
iiclr-17591	833	18	to	to	ADP
iiclr-17591	833	19	the	the	DET
iiclr-17591	833	20	shareholders	shareholder	NOUN
iiclr-17591	833	21	if	if	SCONJ
iiclr-17591	833	22	it	it	PRON
iiclr-17591	833	23	does	do	AUX
iiclr-17591	833	24	not	not	PART
iiclr-17591	833	25	engage	engage	VERB
iiclr-17591	833	26	in	in	ADP
iiclr-17591	833	27	speculative	speculative	ADJ
iiclr-17591	833	28	undertakings	undertaking	NOUN
iiclr-17591	833	29	which	which	PRON
iiclr-17591	833	30	may	may	AUX
iiclr-17591	833	31	have	have	VERB
iiclr-17591	833	32	a	a	DET
iiclr-17591	833	33	positive	positive	ADJ
iiclr-17591	833	34	net	net	ADJ
iiclr-17591	833	35	present	present	ADJ
iiclr-17591	833	36	value	value	NOUN
iiclr-17591	833	37	for	for	ADP
iiclr-17591	833	38	them	they	PRON
iiclr-17591	833	39	but	but	CCONJ
iiclr-17591	833	40	not	not	PART
iiclr-17591	833	41	for	for	ADP
iiclr-17591	833	42	creditors	creditor	NOUN
iiclr-17591	833	43	:	:	PUNCT
iiclr-17591	833	44	john	john	PROPN
iiclr-17591	833	45	c.	c.	PROPN
iiclr-17591	833	46	coffee	coffee	PROPN
iiclr-17591	833	47	,	,	PUNCT
iiclr-17591	833	48	jr	jr	PROPN
iiclr-17591	833	49	.	.	PROPN
iiclr-17591	833	50	,	,	PUNCT
iiclr-17591	833	51	corporations	corporation	NOUN
iiclr-17591	833	52	course	course	NOUN
iiclr-17591	833	53	,	,	PUNCT
iiclr-17591	833	54	columbia	columbia	PROPN
iiclr-17591	833	55	university	university	PROPN
iiclr-17591	833	56	school	school	NOUN
iiclr-17591	833	57	of	of	ADP
iiclr-17591	833	58	law	law	NOUN
iiclr-17591	833	59	,	,	PUNCT
iiclr-17591	833	60	new	new	PROPN
iiclr-17591	833	61	york	york	PROPN
iiclr-17591	833	62	(	(	PUNCT
iiclr-17591	833	63	jan	jan	PROPN
iiclr-17591	833	64	.	.	PROPN
iiclr-17591	833	65	19	19	NUM
iiclr-17591	833	66	,	,	PUNCT
iiclr-17591	833	67	1995	1995	NUM
iiclr-17591	833	68	)	)	PUNCT
iiclr-17591	833	69	.	.	PUNCT
iiclr-17591	833	70	)	)	PUNCT
iiclr-17591	834	1	one	one	NUM
iiclr-17591	834	2	of	of	ADP
iiclr-17591	834	3	the	the	DET
iiclr-17591	834	4	criminal	criminal	ADJ
iiclr-17591	834	5	provisions	provision	NOUN
iiclr-17591	834	6	accompanying	accompany	VERB
iiclr-17591	834	7	the	the	DET
iiclr-17591	834	8	italian	italian	ADJ
iiclr-17591	834	9	bankruptcy	bankruptcy	NOUN
iiclr-17591	834	10	law	law	NOUN
iiclr-17591	834	11	punishes	punish	VERB
iiclr-17591	834	12	directors	director	NOUN
iiclr-17591	834	13	who	who	PRON
iiclr-17591	834	14	wasted	waste	VERB
iiclr-17591	834	15	a	a	DET
iiclr-17591	834	16	substantial	substantial	ADJ
iiclr-17591	834	17	part	part	NOUN
iiclr-17591	834	18	of	of	ADP
iiclr-17591	834	19	the	the	DET
iiclr-17591	834	20	company	company	NOUN
iiclr-17591	834	21	's	's	PART
iiclr-17591	834	22	assets	asset	NOUN
iiclr-17591	834	23	in	in	ADP
iiclr-17591	834	24	"	"	PUNCT
iiclr-17591	834	25	operations	operation	NOUN
iiclr-17591	834	26	of	of	ADP
iiclr-17591	834	27	mere	mere	ADJ
iiclr-17591	834	28	chance	chance	NOUN
iiclr-17591	834	29	or	or	CCONJ
iiclr-17591	834	30	[	[	PUNCT
iiclr-17591	834	31	ones	one	NOUN
iiclr-17591	834	32	which	which	PRON
iiclr-17591	834	33	were	be	AUX
iiclr-17591	834	34	]	]	PUNCT
iiclr-17591	834	35	clearly	clearly	ADV
iiclr-17591	834	36	imprudent	imprudent	ADJ
iiclr-17591	834	37	"	"	PUNCT
iiclr-17591	834	38	(	(	PUNCT
iiclr-17591	834	39	art	art	NOUN
iiclr-17591	834	40	.	.	PUNCT
iiclr-17591	835	1	217,224	217,224	NUM
iiclr-17591	835	2	,	,	PUNCT
iiclr-17591	835	3	royal	royal	ADJ
iiclr-17591	835	4	decree	decree	NOUN
iiclr-17591	835	5	of	of	ADP
iiclr-17591	835	6	mar	mar	PROPN
iiclr-17591	835	7	.	.	PROPN
iiclr-17591	835	8	16	16	NUM
iiclr-17591	835	9	,	,	PUNCT
iiclr-17591	835	10	no	no	INTJ
iiclr-17591	835	11	.	.	NOUN
iiclr-17591	835	12	267	267	NUM
iiclr-17591	835	13	)	)	PUNCT
iiclr-17591	835	14	.	.	PUNCT
iiclr-17591	836	1	no	no	DET
iiclr-17591	836	2	one	one	NOUN
iiclr-17591	836	3	has	have	AUX
iiclr-17591	836	4	ever	ever	ADV
iiclr-17591	836	5	read	read	VERB
iiclr-17591	836	6	such	such	ADJ
iiclr-17591	836	7	provision	provision	NOUN
iiclr-17591	836	8	as	as	ADP
iiclr-17591	836	9	imposing	impose	VERB
iiclr-17591	836	10	an	an	DET
iiclr-17591	836	11	affirmative	affirmative	ADJ
iiclr-17591	836	12	duty	duty	NOUN
iiclr-17591	836	13	towards	towards	ADP
iiclr-17591	836	14	creditors	creditor	NOUN
iiclr-17591	836	15	.	.	PUNCT
iiclr-17591	837	1	actually	actually	ADV
iiclr-17591	837	2	,	,	PUNCT
iiclr-17591	837	3	much	much	ADJ
iiclr-17591	837	4	of	of	ADP
iiclr-17591	837	5	the	the	DET
iiclr-17591	837	6	debate	debate	NOUN
iiclr-17591	837	7	following	follow	VERB
iiclr-17591	837	8	the	the	DET
iiclr-17591	837	9	credit	credit	NOUN
iiclr-17591	837	10	lyonnais	lyonnais	PROPN
iiclr-17591	837	11	bank	bank	PROPN
iiclr-17591	837	12	,	,	PUNCT
iiclr-17591	837	13	nederland	nederland	PROPN
iiclr-17591	837	14	v.	v.	PROPN
iiclr-17591	837	15	pathe	pathe	PROPN
iiclr-17591	837	16	communication	communication	PROPN
iiclr-17591	837	17	corporation	corporation	PROPN
iiclr-17591	837	18	opinion	opinion	NOUN
iiclr-17591	837	19	,	,	PUNCT
iiclr-17591	837	20	which	which	DET
iiclr-17591	837	21	pigeon	pigeon	NOUN
iiclr-17591	837	22	-	-	PUNCT
iiclr-17591	837	23	holed	hole	VERB
iiclr-17591	837	24	the	the	DET
iiclr-17591	837	25	case	case	NOUN
iiclr-17591	837	26	as	as	ADP
iiclr-17591	837	27	one	one	NUM
iiclr-17591	837	28	about	about	ADP
iiclr-17591	837	29	the	the	DET
iiclr-17591	837	30	"	"	PUNCT
iiclr-17591	837	31	social	social	ADJ
iiclr-17591	837	32	responsibility	responsibility	NOUN
iiclr-17591	837	33	"	"	PUNCT
iiclr-17591	837	34	of	of	ADP
iiclr-17591	837	35	the	the	DET
iiclr-17591	837	36	corporation	corporation	NOUN
iiclr-17591	837	37	,	,	PUNCT
iiclr-17591	837	38	greatly	greatly	ADV
iiclr-17591	837	39	exaggerated	exaggerate	VERB
iiclr-17591	837	40	its	its	PRON
iiclr-17591	837	41	importance	importance	NOUN
iiclr-17591	837	42	.	.	PUNCT
iiclr-17591	838	1	are	be	AUX
iiclr-17591	838	2	we	we	PRON
iiclr-17591	838	3	really	really	ADV
iiclr-17591	838	4	to	to	PART
iiclr-17591	838	5	think	think	VERB
iiclr-17591	838	6	that	that	SCONJ
iiclr-17591	838	7	the	the	DET
iiclr-17591	838	8	duty	duty	NOUN
iiclr-17591	838	9	of	of	ADP
iiclr-17591	838	10	a	a	DET
iiclr-17591	838	11	board	board	NOUN
iiclr-17591	838	12	of	of	ADP
iiclr-17591	838	13	a	a	DET
iiclr-17591	838	14	nearly	nearly	ADV
iiclr-17591	838	15	insolvent	insolvent	ADJ
iiclr-17591	838	16	company	company	NOUN
iiclr-17591	838	17	to	to	PART
iiclr-17591	838	18	abstain	abstain	VERB
iiclr-17591	838	19	from	from	ADP
iiclr-17591	838	20	operations	operation	NOUN
iiclr-17591	838	21	of	of	ADP
iiclr-17591	838	22	pure	pure	ADJ
iiclr-17591	838	23	chance	chance	NOUN
iiclr-17591	838	24	is	be	AUX
iiclr-17591	838	25	the	the	DET
iiclr-17591	838	26	consequence	consequence	NOUN
iiclr-17591	838	27	of	of	ADP
iiclr-17591	838	28	its	its	PRON
iiclr-17591	838	29	responsibility	responsibility	NOUN
iiclr-17591	838	30	towards	towards	ADP
iiclr-17591	838	31	to	to	ADP
iiclr-17591	838	32	the	the	DET
iiclr-17591	838	33	society	society	NOUN
iiclr-17591	838	34	at	at	ADP
iiclr-17591	838	35	large	large	ADJ
iiclr-17591	838	36	?	?	PUNCT
iiclr-17591	839	1	or	or	CCONJ
iiclr-17591	839	2	,	,	PUNCT
iiclr-17591	839	3	instead	instead	ADV
iiclr-17591	839	4	,	,	PUNCT
iiclr-17591	839	5	should	should	AUX
iiclr-17591	839	6	we	we	PRON
iiclr-17591	839	7	distinguish	distinguish	VERB
iiclr-17591	839	8	a	a	DET
iiclr-17591	839	9	non	non	ADJ
iiclr-17591	839	10	-	-	ADJ
iiclr-17591	839	11	existing	existing	ADJ
iiclr-17591	839	12	duty	duty	NOUN
iiclr-17591	839	13	to	to	PART
iiclr-17591	839	14	"	"	PUNCT
iiclr-17591	839	15	benefit	benefit	VERB
iiclr-17591	839	16	"	"	PUNCT
iiclr-17591	839	17	creditors	creditor	NOUN
iiclr-17591	839	18	,	,	PUNCT
iiclr-17591	839	19	which	which	PRON
iiclr-17591	839	20	would	would	AUX
iiclr-17591	839	21	prevent	prevent	VERB
iiclr-17591	839	22	the	the	DET
iiclr-17591	839	23	board	board	NOUN
iiclr-17591	839	24	from	from	ADP
iiclr-17591	839	25	taking	take	VERB
iiclr-17591	839	26	any	any	DET
iiclr-17591	839	27	risk	risk	NOUN
iiclr-17591	839	28	,	,	PUNCT
iiclr-17591	839	29	from	from	ADP
iiclr-17591	839	30	a	a	DET
iiclr-17591	839	31	simple	simple	ADJ
iiclr-17591	839	32	duty	duty	NOUN
iiclr-17591	839	33	not	not	PART
iiclr-17591	839	34	to	to	PART
iiclr-17591	839	35	impose	impose	VERB
iiclr-17591	839	36	avoidable	avoidable	ADJ
iiclr-17591	839	37	and	and	CCONJ
iiclr-17591	839	38	clearly	clearly	ADV
iiclr-17591	839	39	unforseeable	unforseeable	ADJ
iiclr-17591	839	40	losses	loss	NOUN
iiclr-17591	839	41	on	on	ADP
iiclr-17591	839	42	the	the	DET
iiclr-17591	839	43	creditors	creditor	NOUN
iiclr-17591	839	44	?	?	PUNCT
iiclr-17591	840	1	probably	probably	ADV
iiclr-17591	840	2	at	at	ADP
iiclr-17591	840	3	.	.	PROPN
iiclr-17591	840	4	2394	2394	NUM
iiclr-17591	840	5	of	of	ADP
iiclr-17591	840	6	the	the	DET
iiclr-17591	840	7	italian	italian	ADJ
iiclr-17591	840	8	civil	civil	ADJ
iiclr-17591	840	9	code	code	NOUN
iiclr-17591	840	10	represents	represent	VERB
iiclr-17591	840	11	a	a	DET
iiclr-17591	840	12	reasonable	reasonable	ADJ
iiclr-17591	840	13	compromise	compromise	NOUN
iiclr-17591	840	14	.	.	PUNCT
iiclr-17591	841	1	taken	take	VERB
iiclr-17591	841	2	alone	alone	ADV
iiclr-17591	841	3	,	,	PUNCT
iiclr-17591	841	4	it	it	PRON
iiclr-17591	841	5	is	be	AUX
iiclr-17591	841	6	more	more	ADJ
iiclr-17591	841	7	a	a	DET
iiclr-17591	841	8	"	"	PUNCT
iiclr-17591	841	9	manifesto	manifesto	NOUN
iiclr-17591	841	10	"	"	PUNCT
iiclr-17591	841	11	provision	provision	NOUN
iiclr-17591	841	12	than	than	ADP
iiclr-17591	841	13	a	a	DET
iiclr-17591	841	14	provision	provision	NOUN
iiclr-17591	841	15	frequently	frequently	ADV
iiclr-17591	841	16	enforced	enforce	VERB
iiclr-17591	841	17	and	and	CCONJ
iiclr-17591	841	18	belongs	belong	VERB
iiclr-17591	841	19	clearly	clearly	ADV
iiclr-17591	841	20	to	to	ADP
iiclr-17591	841	21	the	the	DET
iiclr-17591	841	22	field	field	NOUN
iiclr-17591	841	23	of	of	ADP
iiclr-17591	841	24	tort	tort	NOUN
iiclr-17591	841	25	law	law	NOUN
iiclr-17591	841	26	,	,	PUNCT
iiclr-17591	841	27	rather	rather	ADV
iiclr-17591	841	28	than	than	ADP
iiclr-17591	841	29	to	to	ADP
iiclr-17591	841	30	the	the	DET
iiclr-17591	841	31	field	field	NOUN
iiclr-17591	841	32	of	of	ADP
iiclr-17591	841	33	the	the	DET
iiclr-17591	841	34	board	board	NOUN
iiclr-17591	841	35	's	's	PART
iiclr-17591	841	36	fiduciary	fiduciary	ADJ
iiclr-17591	841	37	duties	duty	NOUN
iiclr-17591	841	38	.	.	PUNCT
iiclr-17591	842	1	moreover	moreover	ADV
iiclr-17591	842	2	,	,	PUNCT
iiclr-17591	842	3	it	it	PRON
iiclr-17591	842	4	saves	save	VERB
iiclr-17591	842	5	transaction	transaction	NOUN
iiclr-17591	842	6	costs	cost	NOUN
iiclr-17591	842	7	,	,	PUNCT
iiclr-17591	842	8	as	as	SCONJ
iiclr-17591	842	9	creditors	creditor	NOUN
iiclr-17591	842	10	are	be	AUX
iiclr-17591	842	11	granted	grant	VERB
iiclr-17591	842	12	a	a	DET
iiclr-17591	842	13	basic	basic	ADJ
iiclr-17591	842	14	protection	protection	NOUN
iiclr-17591	842	15	by	by	ADP
iiclr-17591	842	16	default	default	NOUN
iiclr-17591	842	17	and	and	CCONJ
iiclr-17591	842	18	do	do	AUX
iiclr-17591	842	19	not	not	PART
iiclr-17591	842	20	need	need	VERB
iiclr-17591	842	21	to	to	PART
iiclr-17591	842	22	resort	resort	VERB
iiclr-17591	842	23	to	to	ADP
iiclr-17591	842	24	negotiation	negotiation	NOUN
iiclr-17591	842	25	(	(	PUNCT
iiclr-17591	842	26	which	which	PRON
iiclr-17591	842	27	they	they	PRON
iiclr-17591	842	28	are	be	AUX
iiclr-17591	842	29	obviously	obviously	ADV
iiclr-17591	842	30	free	free	ADJ
iiclr-17591	842	31	to	to	PART
iiclr-17591	842	32	do	do	VERB
iiclr-17591	842	33	if	if	SCONJ
iiclr-17591	842	34	,	,	PUNCT
iiclr-17591	842	35	as	as	SCONJ
iiclr-17591	842	36	can	can	AUX
iiclr-17591	842	37	often	often	ADV
iiclr-17591	842	38	be	be	AUX
iiclr-17591	842	39	the	the	DET
iiclr-17591	842	40	case	case	NOUN
iiclr-17591	842	41	,	,	PUNCT
iiclr-17591	842	42	the	the	DET
iiclr-17591	842	43	importance	importance	NOUN
iiclr-17591	842	44	of	of	ADP
iiclr-17591	842	45	the	the	DET
iiclr-17591	842	46	transaction	transaction	NOUN
iiclr-17591	842	47	commands	command	VERB
iiclr-17591	842	48	higher	high	ADJ
iiclr-17591	842	49	and	and	CCONJ
iiclr-17591	842	50	more	more	ADV
iiclr-17591	842	51	specified	specified	ADJ
iiclr-17591	842	52	standards	standard	NOUN
iiclr-17591	842	53	of	of	ADP
iiclr-17591	842	54	board	board	NOUN
iiclr-17591	842	55	conduct	conduct	NOUN
iiclr-17591	842	56	)	)	PUNCT
iiclr-17591	842	57	.	.	PUNCT
iiclr-17591	843	1	90	90	NUM
iiclr-17591	843	2	.	.	PUNCT
iiclr-17591	844	1	to	to	PART
iiclr-17591	844	2	be	be	AUX
iiclr-17591	844	3	precise	precise	ADJ
iiclr-17591	844	4	,	,	PUNCT
iiclr-17591	844	5	the	the	DET
iiclr-17591	844	6	nature	nature	NOUN
iiclr-17591	844	7	of	of	ADP
iiclr-17591	844	8	the	the	DET
iiclr-17591	844	9	directors	director	NOUN
iiclr-17591	844	10	'	'	PART
iiclr-17591	844	11	liability	liability	NOUN
iiclr-17591	844	12	to	to	ADP
iiclr-17591	844	13	creditors	creditor	NOUN
iiclr-17591	844	14	has	have	AUX
iiclr-17591	844	15	been	be	AUX
iiclr-17591	844	16	discussed	discuss	VERB
iiclr-17591	844	17	.	.	PUNCT
iiclr-17591	845	1	a	a	DET
iiclr-17591	845	2	well	well	ADV
iiclr-17591	845	3	-	-	PUNCT
iiclr-17591	845	4	articulated	articulate	VERB
iiclr-17591	845	5	theory	theory	NOUN
iiclr-17591	845	6	asserts	assert	VERB
iiclr-17591	845	7	its	its	PRON
iiclr-17591	845	8	contract	contract	NOUN
iiclr-17591	845	9	-	-	PUNCT
iiclr-17591	845	10	like	like	ADJ
iiclr-17591	845	11	nature	nature	NOUN
iiclr-17591	845	12	,	,	PUNCT
iiclr-17591	845	13	franco	franco	PROPN
iiclr-17591	845	14	bonelli	bonelli	PROPN
iiclr-17591	845	15	,	,	PUNCT
iiclr-17591	845	16	la	la	PROPN
iiclr-17591	845	17	responsabilita	responsabilita	NOUN
iiclr-17591	845	18	degl	degl	VERB
iiclr-17591	845	19	amministratori	amministratori	PROPN
iiclr-17591	845	20	dt	dt	X
iiclr-17591	845	21	socteta	socteta	PROPN
iiclr-17591	845	22	per	per	ADP
iiclr-17591	845	23	azioni	azioni	PROPN
iiclr-17591	845	24	187	187	NUM
iiclr-17591	845	25	-	-	SYM
iiclr-17591	845	26	89	89	NUM
iiclr-17591	845	27	(	(	PUNCT
iiclr-17591	845	28	1992	1992	NUM
iiclr-17591	845	29	)	)	PUNCT
iiclr-17591	845	30	(	(	PUNCT
iiclr-17591	845	31	c.c	c.c	PROPN
iiclr-17591	845	32	.	.	PROPN
iiclr-17591	845	33	art	art	PROPN
iiclr-17591	845	34	.	.	PUNCT
iiclr-17591	846	1	2394	2394	NUM
iiclr-17591	846	2	(	(	PUNCT
iiclr-17591	846	3	italy	italy	PROPN
iiclr-17591	846	4	)	)	PUNCT
iiclr-17591	846	5	sanctions	sanction	VERB
iiclr-17591	846	6	a	a	DET
iiclr-17591	846	7	violation	violation	NOUN
iiclr-17591	846	8	of	of	ADP
iiclr-17591	846	9	specific	specific	ADJ
iiclr-17591	846	10	duties	duty	NOUN
iiclr-17591	846	11	to	to	PART
iiclr-17591	846	12	protect	protect	VERB
iiclr-17591	846	13	the	the	DET
iiclr-17591	846	14	interests	interest	NOUN
iiclr-17591	846	15	of	of	ADP
iiclr-17591	846	16	creditors	creditor	NOUN
iiclr-17591	846	17	)	)	PUNCT
iiclr-17591	846	18	.	.	PUNCT
iiclr-17591	847	1	this	this	DET
iiclr-17591	847	2	construction	construction	NOUN
iiclr-17591	847	3	,	,	PUNCT
iiclr-17591	847	4	however	however	ADV
iiclr-17591	847	5	[	[	X
iiclr-17591	847	6	vol	vol	NOUN
iiclr-17591	847	7	.	.	PUNCT
iiclr-17591	848	1	6:1	6:1	NUM
iiclr-17591	848	2	corporate	corporate	ADJ
iiclr-17591	848	3	governance	governance	NOUN
iiclr-17591	848	4	in	in	ADP
iiclr-17591	848	5	italy	italy	PROPN
iiclr-17591	848	6	,	,	PUNCT
iiclr-17591	848	7	creditors	creditor	NOUN
iiclr-17591	848	8	can	can	AUX
iiclr-17591	848	9	sue	sue	VERB
iiclr-17591	848	10	directors	director	NOUN
iiclr-17591	848	11	under	under	ADP
iiclr-17591	848	12	the	the	DET
iiclr-17591	848	13	civil	civil	ADJ
iiclr-17591	848	14	code	code	NOUN
iiclr-17591	848	15	art	art	NOUN
iiclr-17591	848	16	.	.	PUNCT
iiclr-17591	849	1	2394	2394	NUM
iiclr-17591	849	2	(	(	PUNCT
iiclr-17591	849	3	italy	italy	PROPN
iiclr-17591	849	4	)	)	PUNCT
iiclr-17591	850	1	directly	directly	ADV
iiclr-17591	850	2	,	,	PUNCT
iiclr-17591	850	3	except	except	SCONJ
iiclr-17591	850	4	when	when	SCONJ
iiclr-17591	850	5	the	the	DET
iiclr-17591	850	6	company	company	NOUN
iiclr-17591	850	7	is	be	AUX
iiclr-17591	850	8	in	in	ADP
iiclr-17591	850	9	bankruptcy	bankruptcy	NOUN
iiclr-17591	850	10	.	.	PUNCT
iiclr-17591	851	1	in	in	ADP
iiclr-17591	851	2	this	this	DET
iiclr-17591	851	3	case	case	NOUN
iiclr-17591	851	4	the	the	DET
iiclr-17591	851	5	trustee	trustee	NOUN
iiclr-17591	851	6	has	have	AUX
iiclr-17591	851	7	standing	stand	VERB
iiclr-17591	851	8	to	to	PART
iiclr-17591	851	9	sue	sue	VERB
iiclr-17591	851	10	directors	director	NOUN
iiclr-17591	851	11	in	in	ADP
iiclr-17591	851	12	the	the	DET
iiclr-17591	851	13	place	place	NOUN
iiclr-17591	851	14	of	of	ADP
iiclr-17591	851	15	the	the	DET
iiclr-17591	851	16	individual	individual	ADJ
iiclr-17591	851	17	creditors	creditor	NOUN
iiclr-17591	851	18	,	,	PUNCT
iiclr-17591	851	19	and	and	CCONJ
iiclr-17591	851	20	the	the	DET
iiclr-17591	851	21	recovery	recovery	NOUN
iiclr-17591	851	22	flows	flow	VERB
iiclr-17591	851	23	into	into	ADP
iiclr-17591	851	24	the	the	DET
iiclr-17591	851	25	estate.9	estate.9	PROPN
iiclr-17591	851	26	b.	b.	NOUN
iiclr-17591	852	1	the	the	DET
iiclr-17591	852	2	general	general	ADJ
iiclr-17591	852	3	tort	tort	NOUN
iiclr-17591	852	4	law	law	NOUN
iiclr-17591	852	5	liability	liability	NOUN
iiclr-17591	852	6	of	of	ADP
iiclr-17591	852	7	directors	director	NOUN
iiclr-17591	852	8	to	to	ADP
iiclr-17591	852	9	shareholders	shareholder	NOUN
iiclr-17591	852	10	and	and	CCONJ
iiclr-17591	852	11	third	third	ADJ
iiclr-17591	852	12	parties	party	NOUN
iiclr-17591	852	13	.	.	PUNCT
iiclr-17591	853	1	directors	director	NOUN
iiclr-17591	853	2	,	,	PUNCT
iiclr-17591	853	3	according	accord	VERB
iiclr-17591	853	4	to	to	ADP
iiclr-17591	853	5	general	general	ADJ
iiclr-17591	853	6	tort	tort	NOUN
iiclr-17591	853	7	law	law	NOUN
iiclr-17591	853	8	principles	principle	NOUN
iiclr-17591	853	9	,	,	PUNCT
iiclr-17591	853	10	are	be	AUX
iiclr-17591	853	11	also	also	ADV
iiclr-17591	853	12	liable	liable	ADJ
iiclr-17591	853	13	to	to	ADP
iiclr-17591	853	14	shareholders	shareholder	NOUN
iiclr-17591	853	15	or	or	CCONJ
iiclr-17591	853	16	third	third	ADJ
iiclr-17591	853	17	parties	party	NOUN
iiclr-17591	853	18	they	they	PRON
iiclr-17591	853	19	directly	directly	ADV
iiclr-17591	853	20	prejudiced	prejudice	VERB
iiclr-17591	853	21	while	while	SCONJ
iiclr-17591	853	22	exercising	exercise	VERB
iiclr-17591	853	23	their	their	PRON
iiclr-17591	853	24	office	office	NOUN
iiclr-17591	853	25	(	(	PUNCT
iiclr-17591	853	26	civil	civil	ADJ
iiclr-17591	853	27	code	code	NOUN
iiclr-17591	853	28	art	art	NOUN
iiclr-17591	853	29	.	.	PUNCT
iiclr-17591	854	1	2043	2043	NUM
iiclr-17591	854	2	(	(	PUNCT
iiclr-17591	854	3	italy	italy	PROPN
iiclr-17591	854	4	)	)	PUNCT
iiclr-17591	854	5	,	,	PUNCT
iiclr-17591	854	6	implicitly	implicitly	ADV
iiclr-17591	854	7	recalled	recall	VERB
iiclr-17591	854	8	by	by	ADP
iiclr-17591	854	9	civil	civil	ADJ
iiclr-17591	854	10	code	code	NOUN
iiclr-17591	854	11	art	art	NOUN
iiclr-17591	854	12	.	.	PUNCT
iiclr-17591	855	1	2395	2395	NUM
iiclr-17591	855	2	(	(	PUNCT
iiclr-17591	855	3	italy	italy	PROPN
iiclr-17591	855	4	)	)	PUNCT
iiclr-17591	855	5	)	)	PUNCT
iiclr-17591	855	6	.	.	PUNCT
iiclr-17591	856	1	typical	typical	ADJ
iiclr-17591	856	2	examples	example	NOUN
iiclr-17591	856	3	of	of	ADP
iiclr-17591	856	4	such	such	ADJ
iiclr-17591	856	5	liability	liability	NOUN
iiclr-17591	856	6	are	be	AUX
iiclr-17591	856	7	the	the	DET
iiclr-17591	856	8	violation	violation	NOUN
iiclr-17591	856	9	of	of	ADP
iiclr-17591	856	10	preemptive	preemptive	ADJ
iiclr-17591	856	11	rights	right	NOUN
iiclr-17591	856	12	,	,	PUNCT
iiclr-17591	856	13	or	or	CCONJ
iiclr-17591	856	14	misstatements	misstatement	NOUN
iiclr-17591	856	15	on	on	ADP
iiclr-17591	856	16	the	the	DET
iiclr-17591	856	17	financial	financial	ADJ
iiclr-17591	856	18	condition	condition	NOUN
iiclr-17591	856	19	of	of	ADP
iiclr-17591	856	20	the	the	DET
iiclr-17591	856	21	company	company	NOUN
iiclr-17591	856	22	in	in	ADP
iiclr-17591	856	23	connection	connection	NOUN
iiclr-17591	856	24	with	with	ADP
iiclr-17591	856	25	the	the	DET
iiclr-17591	856	26	purchase	purchase	NOUN
iiclr-17591	856	27	or	or	CCONJ
iiclr-17591	856	28	sale	sale	NOUN
iiclr-17591	856	29	of	of	ADP
iiclr-17591	856	30	shares93	shares93	NOUN
iiclr-17591	856	31	or	or	CCONJ
iiclr-17591	856	32	with	with	ADP
iiclr-17591	856	33	the	the	DET
iiclr-17591	856	34	extension	extension	NOUN
iiclr-17591	856	35	of	of	ADP
iiclr-17591	856	36	credit	credit	NOUN
iiclr-17591	856	37	to	to	ADP
iiclr-17591	856	38	the	the	DET
iiclr-17591	856	39	company.94	company.94	NOUN
iiclr-17591	856	40	appealing	appealing	NOUN
iiclr-17591	856	41	,	,	PUNCT
iiclr-17591	856	42	is	be	AUX
iiclr-17591	856	43	not	not	PART
iiclr-17591	856	44	fully	fully	ADV
iiclr-17591	856	45	convincing	convincing	ADJ
iiclr-17591	856	46	;	;	PUNCT
iiclr-17591	856	47	directors	director	NOUN
iiclr-17591	856	48	do	do	AUX
iiclr-17591	856	49	not	not	PART
iiclr-17591	856	50	personally	personally	ADV
iiclr-17591	856	51	owe	owe	VERB
iiclr-17591	856	52	a	a	DET
iiclr-17591	856	53	duty	duty	NOUN
iiclr-17591	856	54	to	to	ADP
iiclr-17591	856	55	creditors	creditor	NOUN
iiclr-17591	856	56	,	,	PUNCT
iiclr-17591	856	57	which	which	PRON
iiclr-17591	856	58	would	would	AUX
iiclr-17591	856	59	be	be	AUX
iiclr-17591	856	60	required	require	VERB
iiclr-17591	856	61	had	have	AUX
iiclr-17591	856	62	this	this	DET
iiclr-17591	856	63	obligation	obligation	NOUN
iiclr-17591	856	64	been	be	AUX
iiclr-17591	856	65	contractual	contractual	ADJ
iiclr-17591	856	66	in	in	ADP
iiclr-17591	856	67	nature	nature	NOUN
iiclr-17591	856	68	.	.	PUNCT
iiclr-17591	857	1	the	the	DET
iiclr-17591	857	2	clearest	clear	ADJ
iiclr-17591	857	3	reading	reading	NOUN
iiclr-17591	857	4	of	of	ADP
iiclr-17591	857	5	c.c	c.c	PROPN
iiclr-17591	857	6	.	.	PROPN
iiclr-17591	857	7	art	art	PROPN
iiclr-17591	857	8	.	.	PUNCT
iiclr-17591	858	1	2394	2394	NUM
iiclr-17591	858	2	(	(	PUNCT
iiclr-17591	858	3	italy	italy	PROPN
iiclr-17591	858	4	)	)	PUNCT
iiclr-17591	858	5	as	as	ADP
iiclr-17591	858	6	curbing	curb	VERB
iiclr-17591	858	7	"	"	PUNCT
iiclr-17591	858	8	tortious	tortious	ADJ
iiclr-17591	858	9	interference	interference	NOUN
iiclr-17591	858	10	"	"	PUNCT
iiclr-17591	858	11	is	be	AUX
iiclr-17591	858	12	in	in	ADP
iiclr-17591	858	13	galgano	galgano	PROPN
iiclr-17591	858	14	,	,	PUNCT
iiclr-17591	858	15	supra	supra	PROPN
iiclr-17591	858	16	note	note	NOUN
iiclr-17591	858	17	30	30	NUM
iiclr-17591	858	18	,	,	PUNCT
iiclr-17591	858	19	at	at	ADP
iiclr-17591	858	20	298	298	NUM
iiclr-17591	858	21	.	.	PUNCT
iiclr-17591	859	1	the	the	DET
iiclr-17591	859	2	practical	practical	ADJ
iiclr-17591	859	3	consequences	consequence	NOUN
iiclr-17591	859	4	of	of	ADP
iiclr-17591	859	5	the	the	DET
iiclr-17591	859	6	dispute	dispute	NOUN
iiclr-17591	859	7	,	,	PUNCT
iiclr-17591	859	8	however	however	ADV
iiclr-17591	859	9	,	,	PUNCT
iiclr-17591	859	10	are	be	AUX
iiclr-17591	859	11	not	not	PART
iiclr-17591	859	12	really	really	ADV
iiclr-17591	859	13	relevant	relevant	ADJ
iiclr-17591	859	14	.	.	PUNCT
iiclr-17591	860	1	courts	court	NOUN
iiclr-17591	860	2	do	do	AUX
iiclr-17591	860	3	not	not	PART
iiclr-17591	860	4	require	require	VERB
iiclr-17591	860	5	evidence	evidence	NOUN
iiclr-17591	860	6	of	of	ADP
iiclr-17591	860	7	intent	intent	NOUN
iiclr-17591	860	8	or	or	CCONJ
iiclr-17591	860	9	negligence	negligence	NOUN
iiclr-17591	860	10	to	to	PART
iiclr-17591	860	11	be	be	AUX
iiclr-17591	860	12	offered	offer	VERB
iiclr-17591	860	13	by	by	ADP
iiclr-17591	860	14	creditors	creditor	NOUN
iiclr-17591	860	15	.	.	PUNCT
iiclr-17591	861	1	more	more	ADV
iiclr-17591	861	2	precisely	precisely	ADV
iiclr-17591	861	3	,	,	PUNCT
iiclr-17591	861	4	once	once	SCONJ
iiclr-17591	861	5	it	it	PRON
iiclr-17591	861	6	is	be	AUX
iiclr-17591	861	7	established	establish	VERB
iiclr-17591	861	8	that	that	SCONJ
iiclr-17591	861	9	directors	director	NOUN
iiclr-17591	861	10	violated	violate	VERB
iiclr-17591	861	11	their	their	PRON
iiclr-17591	861	12	specific	specific	ADJ
iiclr-17591	861	13	obligations	obligation	NOUN
iiclr-17591	861	14	toward	toward	ADP
iiclr-17591	861	15	the	the	DET
iiclr-17591	861	16	company	company	NOUN
iiclr-17591	861	17	,	,	PUNCT
iiclr-17591	861	18	courts	court	NOUN
iiclr-17591	861	19	consider	consider	VERB
iiclr-17591	861	20	intent	intent	NOUN
iiclr-17591	861	21	or	or	CCONJ
iiclr-17591	861	22	negligence	negligence	NOUN
iiclr-17591	861	23	with	with	ADP
iiclr-17591	861	24	respect	respect	NOUN
iiclr-17591	861	25	to	to	ADP
iiclr-17591	861	26	creditors	creditor	NOUN
iiclr-17591	861	27	irrelevant	irrelevant	ADJ
iiclr-17591	861	28	.	.	PUNCT
iiclr-17591	862	1	moreover	moreover	ADV
iiclr-17591	862	2	,	,	PUNCT
iiclr-17591	862	3	for	for	ADP
iiclr-17591	862	4	this	this	DET
iiclr-17591	862	5	kind	kind	NOUN
iiclr-17591	862	6	of	of	ADP
iiclr-17591	862	7	obligation	obligation	NOUN
iiclr-17591	862	8	the	the	DET
iiclr-17591	862	9	statute	statute	NOUN
iiclr-17591	862	10	of	of	ADP
iiclr-17591	862	11	limitations	limitation	NOUN
iiclr-17591	862	12	is	be	AUX
iiclr-17591	862	13	established	establish	VERB
iiclr-17591	862	14	directly	directly	ADV
iiclr-17591	862	15	by	by	ADP
iiclr-17591	862	16	law	law	NOUN
iiclr-17591	862	17	.	.	PUNCT
iiclr-17591	863	1	c.c	c.c	PROPN
iiclr-17591	863	2	.	.	PROPN
iiclr-17591	863	3	art	art	NOUN
iiclr-17591	863	4	.	.	PUNCT
iiclr-17591	864	1	2949(2	2949(2	X
iiclr-17591	864	2	)	)	PUNCT
iiclr-17591	864	3	(	(	PUNCT
iiclr-17591	864	4	italy	italy	PROPN
iiclr-17591	864	5	)	)	PUNCT
iiclr-17591	864	6	.	.	PUNCT
iiclr-17591	865	1	normally	normally	ADV
iiclr-17591	865	2	,	,	PUNCT
iiclr-17591	865	3	the	the	DET
iiclr-17591	865	4	statute	statute	NOUN
iiclr-17591	865	5	of	of	ADP
iiclr-17591	865	6	limitation	limitation	NOUN
iiclr-17591	865	7	for	for	ADP
iiclr-17591	865	8	obligations	obligation	NOUN
iiclr-17591	865	9	arising	arise	VERB
iiclr-17591	865	10	from	from	ADP
iiclr-17591	865	11	a	a	DET
iiclr-17591	865	12	specific	specific	ADJ
iiclr-17591	865	13	duty	duty	NOUN
iiclr-17591	865	14	-	-	PUNCT
iiclr-17591	865	15	improperly	improperly	ADV
iiclr-17591	865	16	called	call	VERB
iiclr-17591	865	17	"	"	PUNCT
iiclr-17591	865	18	contractual	contractual	ADJ
iiclr-17591	865	19	obligation"-is	obligation"-is	ADJ
iiclr-17591	865	20	10	10	NUM
iiclr-17591	865	21	years	year	NOUN
iiclr-17591	865	22	,	,	PUNCT
iiclr-17591	865	23	while	while	SCONJ
iiclr-17591	865	24	that	that	PRON
iiclr-17591	865	25	for	for	ADP
iiclr-17591	865	26	tort	tort	NOUN
iiclr-17591	865	27	obligations	obligation	NOUN
iiclr-17591	865	28	is	be	AUX
iiclr-17591	865	29	five	five	NUM
iiclr-17591	865	30	years	year	NOUN
iiclr-17591	865	31	)	)	PUNCT
iiclr-17591	865	32	.	.	PUNCT
iiclr-17591	866	1	91	91	NUM
iiclr-17591	866	2	.	.	PUNCT
iiclr-17591	867	1	for	for	ADP
iiclr-17591	867	2	a	a	DET
iiclr-17591	867	3	particular	particular	ADJ
iiclr-17591	867	4	hypothesis	hypothesis	NOUN
iiclr-17591	867	5	concerning	concern	VERB
iiclr-17591	867	6	directors	director	NOUN
iiclr-17591	867	7	'	'	PART
iiclr-17591	867	8	liability	liability	NOUN
iiclr-17591	867	9	for	for	ADP
iiclr-17591	867	10	continuing	continue	VERB
iiclr-17591	867	11	operations	operation	NOUN
iiclr-17591	867	12	while	while	SCONJ
iiclr-17591	867	13	the	the	DET
iiclr-17591	867	14	company	company	NOUN
iiclr-17591	867	15	is	be	AUX
iiclr-17591	867	16	in	in	ADP
iiclr-17591	867	17	a	a	DET
iiclr-17591	867	18	(	(	PUNCT
iiclr-17591	867	19	qualified	qualified	ADJ
iiclr-17591	867	20	)	)	PUNCT
iiclr-17591	867	21	economic	economic	ADJ
iiclr-17591	867	22	crisis	crisis	NOUN
iiclr-17591	867	23	,	,	PUNCT
iiclr-17591	867	24	see	see	VERB
iiclr-17591	867	25	infra	infra	NOUN
iiclr-17591	867	26	note	note	VERB
iiclr-17591	867	27	101	101	NUM
iiclr-17591	867	28	.	.	PUNCT
iiclr-17591	868	1	92	92	NUM
iiclr-17591	868	2	.	.	PUNCT
iiclr-17591	869	1	it	it	PRON
iiclr-17591	869	2	remains	remain	VERB
iiclr-17591	869	3	unsettled	unsettled	ADJ
iiclr-17591	869	4	whether	whether	SCONJ
iiclr-17591	869	5	creditors	creditor	NOUN
iiclr-17591	869	6	lose	lose	VERB
iiclr-17591	869	7	standing	stand	VERB
iiclr-17591	869	8	to	to	PART
iiclr-17591	869	9	sue	sue	VERB
iiclr-17591	869	10	directors	director	NOUN
iiclr-17591	869	11	in	in	ADP
iiclr-17591	869	12	case	case	NOUN
iiclr-17591	869	13	of	of	ADP
iiclr-17591	869	14	concordato	concordato	NOUN
iiclr-17591	869	15	preventivo	preventivo	NOUN
iiclr-17591	869	16	[	[	X
iiclr-17591	869	17	judicial	judicial	ADJ
iiclr-17591	869	18	procedure	procedure	NOUN
iiclr-17591	869	19	for	for	ADP
iiclr-17591	869	20	insolvent	insolvent	ADJ
iiclr-17591	869	21	enterprises	enterprise	NOUN
iiclr-17591	869	22	that	that	PRON
iiclr-17591	869	23	the	the	DET
iiclr-17591	869	24	debtor	debtor	NOUN
iiclr-17591	869	25	,	,	PUNCT
iiclr-17591	869	26	with	with	ADP
iiclr-17591	869	27	the	the	DET
iiclr-17591	869	28	consent	consent	NOUN
iiclr-17591	869	29	of	of	ADP
iiclr-17591	869	30	a	a	DET
iiclr-17591	869	31	quorum	quorum	NOUN
iiclr-17591	869	32	of	of	ADP
iiclr-17591	869	33	creditors	creditor	NOUN
iiclr-17591	869	34	,	,	PUNCT
iiclr-17591	869	35	may	may	AUX
iiclr-17591	869	36	elect	elect	VERB
iiclr-17591	869	37	as	as	ADP
iiclr-17591	869	38	an	an	DET
iiclr-17591	869	39	alternative	alternative	NOUN
iiclr-17591	869	40	to	to	ADP
iiclr-17591	869	41	bankruptcy	bankruptcy	NOUN
iiclr-17591	869	42	:	:	PUNCT
iiclr-17591	869	43	art	art	NOUN
iiclr-17591	869	44	.	.	PUNCT
iiclr-17591	870	1	160	160	NUM
iiclr-17591	870	2	to	to	ADP
iiclr-17591	870	3	184	184	NUM
iiclr-17591	870	4	,	,	PUNCT
iiclr-17591	870	5	royal	royal	ADJ
iiclr-17591	870	6	decree	decree	NOUN
iiclr-17591	870	7	of	of	ADP
iiclr-17591	870	8	mar	mar	PROPN
iiclr-17591	870	9	.	.	PROPN
iiclr-17591	870	10	16	16	NUM
iiclr-17591	870	11	,	,	PUNCT
iiclr-17591	870	12	no	no	INTJ
iiclr-17591	870	13	.	.	PUNCT
iiclr-17591	871	1	267	267	NUM
iiclr-17591	871	2	]	]	PUNCT
iiclr-17591	871	3	:	:	PUNCT
iiclr-17591	871	4	see	see	VERB
iiclr-17591	871	5	judgment	judgment	NOUN
iiclr-17591	871	6	of	of	ADP
iiclr-17591	871	7	jan	jan	PROPN
iiclr-17591	871	8	.	.	PROPN
iiclr-17591	871	9	14	14	NUM
iiclr-17591	871	10	,	,	PUNCT
iiclr-17591	871	11	1992	1992	NUM
iiclr-17591	871	12	,	,	PUNCT
iiclr-17591	871	13	appellate	appellate	ADJ
iiclr-17591	871	14	court	court	NOUN
iiclr-17591	871	15	of	of	ADP
iiclr-17591	871	16	milan	milan	PROPN
iiclr-17591	871	17	,	,	PUNCT
iiclr-17591	871	18	1993	1993	NUM
iiclr-17591	871	19	giurisprudfnza	giurisprudfnza	PROPN
iiclr-17591	871	20	commerciale	commerciale	PROPN
iiclr-17591	871	21	ii	ii	PROPN
iiclr-17591	871	22	,	,	PUNCT
iiclr-17591	871	23	63	63	NUM
iiclr-17591	871	24	,	,	PUNCT
iiclr-17591	871	25	and	and	CCONJ
iiclr-17591	871	26	the	the	DET
iiclr-17591	871	27	following	follow	VERB
iiclr-17591	871	28	note	note	NOUN
iiclr-17591	871	29	by	by	ADP
iiclr-17591	871	30	simone	simone	NOUN
iiclr-17591	871	31	borella	borella	NOUN
iiclr-17591	871	32	(	(	PUNCT
iiclr-17591	871	33	creditors	creditor	NOUN
iiclr-17591	871	34	'	'	PART
iiclr-17591	871	35	action	action	NOUN
iiclr-17591	871	36	can	can	AUX
iiclr-17591	871	37	be	be	AUX
iiclr-17591	871	38	maintained	maintain	VERB
iiclr-17591	871	39	after	after	ADP
iiclr-17591	871	40	the	the	DET
iiclr-17591	871	41	judicial	judicial	ADJ
iiclr-17591	871	42	approval	approval	NOUN
iiclr-17591	871	43	of	of	ADP
iiclr-17591	871	44	the	the	DET
iiclr-17591	871	45	concordato	concordato	NOUN
iiclr-17591	871	46	preventivo	preventivo	NOUN
iiclr-17591	871	47	)	)	PUNCT
iiclr-17591	871	48	.	.	PUNCT
iiclr-17591	872	1	93	93	NUM
iiclr-17591	872	2	.	.	PUNCT
iiclr-17591	873	1	in	in	ADP
iiclr-17591	873	2	italy	italy	PROPN
iiclr-17591	873	3	,	,	PUNCT
iiclr-17591	873	4	most	most	ADJ
iiclr-17591	873	5	of	of	ADP
iiclr-17591	873	6	the	the	DET
iiclr-17591	873	7	securities	security	NOUN
iiclr-17591	873	8	frauds	fraud	NOUN
iiclr-17591	873	9	covered	cover	VERB
iiclr-17591	873	10	by	by	ADP
iiclr-17591	873	11	rule	rule	NOUN
iiclr-17591	873	12	1ob-5	1ob-5	NUM
iiclr-17591	873	13	and	and	CCONJ
iiclr-17591	873	14	14a-9	14a-9	NUM
iiclr-17591	873	15	under	under	ADP
iiclr-17591	873	16	the	the	DET
iiclr-17591	873	17	securities	security	NOUN
iiclr-17591	873	18	exchange	exchange	PROPN
iiclr-17591	873	19	act	act	NOUN
iiclr-17591	873	20	of	of	ADP
iiclr-17591	873	21	1934	1934	NUM
iiclr-17591	873	22	would	would	AUX
iiclr-17591	873	23	fall	fall	VERB
iiclr-17591	873	24	under	under	ADP
iiclr-17591	873	25	general	general	ADJ
iiclr-17591	873	26	criminal	criminal	ADJ
iiclr-17591	873	27	and	and	CCONJ
iiclr-17591	873	28	tort	tort	NOUN
iiclr-17591	873	29	law	law	NOUN
iiclr-17591	873	30	(	(	PUNCT
iiclr-17591	873	31	or	or	CCONJ
iiclr-17591	873	32	contract	contract	NOUN
iiclr-17591	873	33	law	law	NOUN
iiclr-17591	873	34	,	,	PUNCT
iiclr-17591	873	35	if	if	SCONJ
iiclr-17591	873	36	the	the	DET
iiclr-17591	873	37	parties	party	NOUN
iiclr-17591	873	38	are	be	AUX
iiclr-17591	873	39	in	in	ADP
iiclr-17591	873	40	privity	privity	NOUN
iiclr-17591	873	41	of	of	ADP
iiclr-17591	873	42	contract	contract	NOUN
iiclr-17591	873	43	)	)	PUNCT
iiclr-17591	873	44	.	.	PUNCT
iiclr-17591	874	1	others	other	NOUN
iiclr-17591	874	2	would	would	AUX
iiclr-17591	874	3	fall	fall	VERB
iiclr-17591	874	4	under	under	ADP
iiclr-17591	874	5	the	the	DET
iiclr-17591	874	6	law	law	NOUN
iiclr-17591	874	7	on	on	ADP
iiclr-17591	874	8	insider	insider	NOUN
iiclr-17591	874	9	trading	trading	NOUN
iiclr-17591	874	10	(	(	PUNCT
iiclr-17591	874	11	law	law	NOUN
iiclr-17591	874	12	of	of	ADP
iiclr-17591	874	13	may	may	PROPN
iiclr-17591	874	14	17	17	NUM
iiclr-17591	874	15	,	,	PUNCT
iiclr-17591	874	16	1991	1991	NUM
iiclr-17591	874	17	,	,	PUNCT
iiclr-17591	874	18	no	no	INTJ
iiclr-17591	874	19	.	.	NOUN
iiclr-17591	874	20	157	157	NUM
iiclr-17591	874	21	)	)	PUNCT
iiclr-17591	874	22	.	.	PUNCT
iiclr-17591	875	1	two	two	NUM
iiclr-17591	875	2	interesting	interesting	ADJ
iiclr-17591	875	3	cases	case	NOUN
iiclr-17591	875	4	recognized	recognize	VERB
iiclr-17591	875	5	standing	stand	VERB
iiclr-17591	875	6	to	to	PART
iiclr-17591	875	7	sue	sue	VERB
iiclr-17591	875	8	to	to	ADP
iiclr-17591	875	9	shareholders	shareholder	NOUN
iiclr-17591	875	10	of	of	ADP
iiclr-17591	875	11	two	two	NUM
iiclr-17591	875	12	large	large	ADJ
iiclr-17591	875	13	private	private	ADJ
iiclr-17591	875	14	banks	bank	NOUN
iiclr-17591	875	15	that	that	PRON
iiclr-17591	875	16	collapsed	collapse	VERB
iiclr-17591	875	17	amid	amid	ADP
iiclr-17591	875	18	probes	probe	NOUN
iiclr-17591	875	19	of	of	ADP
iiclr-17591	875	20	fraud	fraud	NOUN
iiclr-17591	875	21	perpetrated	perpetrate	VERB
iiclr-17591	875	22	by	by	ADP
iiclr-17591	875	23	their	their	PRON
iiclr-17591	875	24	presidents	president	NOUN
iiclr-17591	875	25	and	and	CCONJ
iiclr-17591	875	26	other	other	ADJ
iiclr-17591	875	27	managers	manager	NOUN
iiclr-17591	875	28	,	,	PUNCT
iiclr-17591	875	29	on	on	ADP
iiclr-17591	875	30	the	the	DET
iiclr-17591	875	31	basis	basis	NOUN
iiclr-17591	875	32	that	that	SCONJ
iiclr-17591	875	33	shareholders	shareholder	NOUN
iiclr-17591	875	34	would	would	AUX
iiclr-17591	875	35	have	have	AUX
iiclr-17591	875	36	sold	sell	VERB
iiclr-17591	875	37	the	the	DET
iiclr-17591	875	38	shares	share	NOUN
iiclr-17591	875	39	had	have	VERB
iiclr-17591	875	40	the	the	DET
iiclr-17591	875	41	financial	financial	ADJ
iiclr-17591	875	42	statement	statement	NOUN
iiclr-17591	875	43	not	not	PART
iiclr-17591	875	44	been	be	AUX
iiclr-17591	875	45	falsified	falsify	VERB
iiclr-17591	875	46	,	,	PUNCT
iiclr-17591	875	47	i.e.	i.e.	X
iiclr-17591	875	48	,	,	PUNCT
iiclr-17591	875	49	a	a	DET
iiclr-17591	875	50	non	non	ADJ
iiclr-17591	875	51	-	-	NOUN
iiclr-17591	875	52	sale	sale	NOUN
iiclr-17591	875	53	of	of	ADP
iiclr-17591	875	54	securities	security	NOUN
iiclr-17591	875	55	(	(	PUNCT
iiclr-17591	875	56	order	order	NOUN
iiclr-17591	875	57	of	of	ADP
iiclr-17591	875	58	jan	jan	PROPN
iiclr-17591	875	59	.	.	PROPN
iiclr-17591	875	60	24	24	NUM
iiclr-17591	875	61	,	,	PUNCT
iiclr-17591	875	62	1983	1983	NUM
iiclr-17591	875	63	,	,	PUNCT
iiclr-17591	875	64	tribunal	tribunal	NOUN
iiclr-17591	875	65	of	of	ADP
iiclr-17591	875	66	milan	milan	PROPN
iiclr-17591	875	67	,	,	PUNCT
iiclr-17591	875	68	1984	1984	NUM
iiclr-17591	875	69	giriusprudenza	giriusprudenza	PROPN
iiclr-17591	875	70	commerciale	commerciale	PROPN
iiclr-17591	875	71	ii	ii	PROPN
iiclr-17591	875	72	,	,	PUNCT
iiclr-17591	875	73	42	42	NUM
iiclr-17591	875	74	;	;	PUNCT
iiclr-17591	875	75	order	order	NOUN
iiclr-17591	875	76	of	of	ADP
iiclr-17591	875	77	sept	sept	PROPN
iiclr-17591	875	78	.	.	PROPN
iiclr-17591	875	79	29	29	NUM
iiclr-17591	875	80	,	,	PUNCT
iiclr-17591	875	81	1983	1983	NUM
iiclr-17591	875	82	,	,	PUNCT
iiclr-17591	875	83	tribunal	tribunal	NOUN
iiclr-17591	875	84	of	of	ADP
iiclr-17591	875	85	milan	milan	PROPN
iiclr-17591	875	86	,	,	PUNCT
iiclr-17591	875	87	1984	1984	NUM
iiclr-17591	875	88	foro	foro	PROPN
iiclr-17591	875	89	italiano	italiano	VERB
iiclr-17591	875	90	1	1	NUM
iiclr-17591	875	91	,	,	PUNCT
iiclr-17591	875	92	202	202	NUM
iiclr-17591	875	93	,	,	PUNCT
iiclr-17591	875	94	1984	1984	NUM
iiclr-17591	875	95	giurisprudenza	giurisprudenza	NOUN
iiclr-17591	875	96	commerciale	commerciale	PROPN
iiclr-17591	875	97	11	11	NUM
iiclr-17591	875	98	,	,	PUNCT
iiclr-17591	875	99	42	42	NUM
iiclr-17591	875	100	)	)	PUNCT
iiclr-17591	875	101	.	.	PUNCT
iiclr-17591	876	1	a	a	DET
iiclr-17591	876	2	complete	complete	ADJ
iiclr-17591	876	3	comparison	comparison	NOUN
iiclr-17591	876	4	of	of	ADP
iiclr-17591	876	5	the	the	DET
iiclr-17591	876	6	two	two	NUM
iiclr-17591	876	7	systems	system	NOUN
iiclr-17591	876	8	,	,	PUNCT
iiclr-17591	876	9	although	although	SCONJ
iiclr-17591	876	10	interesting	interesting	ADJ
iiclr-17591	876	11	,	,	PUNCT
iiclr-17591	876	12	exceeds	exceed	VERB
iiclr-17591	876	13	the	the	DET
iiclr-17591	876	14	scope	scope	NOUN
iiclr-17591	876	15	of	of	ADP
iiclr-17591	876	16	this	this	DET
iiclr-17591	876	17	research	research	NOUN
iiclr-17591	876	18	and	and	CCONJ
iiclr-17591	876	19	will	will	AUX
iiclr-17591	876	20	not	not	PART
iiclr-17591	876	21	be	be	AUX
iiclr-17591	876	22	attempted	attempt	VERB
iiclr-17591	876	23	.	.	PUNCT
iiclr-17591	877	1	94	94	X
iiclr-17591	877	2	.	.	PUNCT
iiclr-17591	878	1	for	for	ADP
iiclr-17591	878	2	an	an	DET
iiclr-17591	878	3	exhaustive	exhaustive	ADJ
iiclr-17591	878	4	analysis	analysis	NOUN
iiclr-17591	878	5	of	of	ADP
iiclr-17591	878	6	most	most	ADJ
iiclr-17591	878	7	of	of	ADP
iiclr-17591	878	8	the	the	DET
iiclr-17591	878	9	cases	case	NOUN
iiclr-17591	878	10	arising	arise	VERB
iiclr-17591	878	11	under	under	ADP
iiclr-17591	878	12	c.c	c.c	PROPN
iiclr-17591	878	13	.	.	PROPN
iiclr-17591	878	14	art	art	NOUN
iiclr-17591	878	15	.	.	PUNCT
iiclr-17591	879	1	2395	2395	NUM
iiclr-17591	879	2	(	(	PUNCT
iiclr-17591	879	3	italy	italy	PROPN
iiclr-17591	879	4	)	)	PUNCT
iiclr-17591	879	5	see	see	VERB
iiclr-17591	879	6	bonelli	bonelli	PROPN
iiclr-17591	879	7	,	,	PUNCT
iiclr-17591	879	8	supra	supra	PROPN
iiclr-17591	879	9	note	note	NOUN
iiclr-17591	879	10	90	90	NUM
iiclr-17591	879	11	,	,	PUNCT
iiclr-17591	879	12	at	at	ADP
iiclr-17591	879	13	198	198	NUM
iiclr-17591	879	14	-	-	SYM
iiclr-17591	879	15	205	205	NUM
iiclr-17591	879	16	&	&	CCONJ
iiclr-17591	879	17	nn.98	nn.98	PROPN
iiclr-17591	879	18	-	-	PUNCT
iiclr-17591	879	19	103	103	NUM
iiclr-17591	879	20	.	.	PUNCT
iiclr-17591	880	1	a	a	DET
iiclr-17591	880	2	special	special	ADJ
iiclr-17591	880	3	provision	provision	NOUN
iiclr-17591	880	4	,	,	PUNCT
iiclr-17591	880	5	enacted	enact	VERB
iiclr-17591	880	6	as	as	ADP
iiclr-17591	880	7	part	part	NOUN
iiclr-17591	880	8	of	of	ADP
iiclr-17591	880	9	the	the	DET
iiclr-17591	880	10	reform	reform	NOUN
iiclr-17591	880	11	of	of	ADP
iiclr-17591	880	12	1991	1991	NUM
iiclr-17591	880	13	implementing	implement	VERB
iiclr-17591	880	14	the	the	DET
iiclr-17591	880	15	third	third	ADJ
iiclr-17591	880	16	and	and	CCONJ
iiclr-17591	880	17	sixth	sixth	ADJ
iiclr-17591	880	18	european	european	ADJ
iiclr-17591	880	19	directives	directive	NOUN
iiclr-17591	880	20	on	on	ADP
iiclr-17591	880	21	mergers	merger	NOUN
iiclr-17591	880	22	and	and	CCONJ
iiclr-17591	880	23	divisions	division	NOUN
iiclr-17591	880	24	1995	1995	NUM
iiclr-17591	880	25	]	]	PUNCT
iiclr-17591	880	26	ind	ind	NOUN
iiclr-17591	880	27	.	.	PUNCT
iiclr-17591	880	28	int'l	int'l	PROPN
iiclr-17591	880	29	&	&	CCONJ
iiclr-17591	880	30	comp	comp	PROPN
iiclr-17591	880	31	.	.	PUNCT
iiclr-17591	881	1	l	l	PROPN
iiclr-17591	881	2	rev	rev	PROPN
iiclr-17591	881	3	.	.	PUNCT
iiclr-17591	882	1	the	the	DET
iiclr-17591	882	2	requirement	requirement	NOUN
iiclr-17591	882	3	that	that	SCONJ
iiclr-17591	882	4	the	the	DET
iiclr-17591	882	5	prejudice	prejudice	NOUN
iiclr-17591	882	6	be	be	AUX
iiclr-17591	882	7	"	"	PUNCT
iiclr-17591	882	8	directly	directly	ADV
iiclr-17591	882	9	"	"	PUNCT
iiclr-17591	882	10	caused	cause	VERB
iiclr-17591	882	11	by	by	ADP
iiclr-17591	882	12	the	the	DET
iiclr-17591	882	13	directors	director	NOUN
iiclr-17591	882	14	,	,	PUNCT
iiclr-17591	882	15	expressly	expressly	ADV
iiclr-17591	882	16	stated	state	VERB
iiclr-17591	882	17	by	by	ADP
iiclr-17591	882	18	civil	civil	ADJ
iiclr-17591	882	19	code	code	NOUN
iiclr-17591	882	20	art	art	NOUN
iiclr-17591	882	21	.	.	PUNCT
iiclr-17591	883	1	2395	2395	NUM
iiclr-17591	883	2	(	(	PUNCT
iiclr-17591	883	3	italy	italy	PROPN
iiclr-17591	883	4	)	)	PUNCT
iiclr-17591	883	5	,	,	PUNCT
iiclr-17591	883	6	is	be	AUX
iiclr-17591	883	7	commonly	commonly	ADV
iiclr-17591	883	8	intended	intend	VERB
iiclr-17591	883	9	to	to	PART
iiclr-17591	883	10	preclude	preclude	VERB
iiclr-17591	883	11	a	a	DET
iiclr-17591	883	12	direct	direct	ADJ
iiclr-17591	883	13	suit	suit	NOUN
iiclr-17591	883	14	for	for	ADP
iiclr-17591	883	15	damages	damage	NOUN
iiclr-17591	883	16	against	against	ADP
iiclr-17591	883	17	directors	director	NOUN
iiclr-17591	883	18	,	,	PUNCT
iiclr-17591	883	19	brought	bring	VERB
iiclr-17591	883	20	by	by	ADP
iiclr-17591	883	21	shareholders	shareholder	NOUN
iiclr-17591	883	22	alleging	allege	VERB
iiclr-17591	883	23	the	the	DET
iiclr-17591	883	24	loss	loss	NOUN
iiclr-17591	883	25	of	of	ADP
iiclr-17591	883	26	value	value	NOUN
iiclr-17591	883	27	of	of	ADP
iiclr-17591	883	28	the	the	DET
iiclr-17591	883	29	stock	stock	NOUN
iiclr-17591	883	30	due	due	ADP
iiclr-17591	883	31	to	to	ADP
iiclr-17591	883	32	directors	director	NOUN
iiclr-17591	883	33	'	'	PART
iiclr-17591	883	34	mismanagement	mismanagement	NOUN
iiclr-17591	883	35	or	or	CCONJ
iiclr-17591	883	36	fraudulent	fraudulent	ADJ
iiclr-17591	883	37	practice	practice	NOUN
iiclr-17591	883	38	;	;	PUNCT
iiclr-17591	883	39	such	such	ADJ
iiclr-17591	883	40	injury	injury	NOUN
iiclr-17591	883	41	is	be	AUX
iiclr-17591	883	42	indeed	indeed	ADV
iiclr-17591	883	43	the	the	DET
iiclr-17591	883	44	consequence	consequence	NOUN
iiclr-17591	883	45	of	of	ADP
iiclr-17591	883	46	the	the	DET
iiclr-17591	883	47	injury	injury	NOUN
iiclr-17591	883	48	to	to	ADP
iiclr-17591	883	49	the	the	DET
iiclr-17591	883	50	company	company	NOUN
iiclr-17591	883	51	,	,	PUNCT
iiclr-17591	883	52	and	and	CCONJ
iiclr-17591	883	53	therefore	therefore	ADV
iiclr-17591	883	54	does	do	AUX
iiclr-17591	883	55	not	not	PART
iiclr-17591	883	56	"	"	PUNCT
iiclr-17591	883	57	directly	directly	ADV
iiclr-17591	883	58	"	"	PUNCT
iiclr-17591	883	59	affect	affect	VERB
iiclr-17591	883	60	shareholders	shareholder	NOUN
iiclr-17591	883	61	.	.	PUNCT
iiclr-17591	884	1	besides	besides	SCONJ
iiclr-17591	884	2	,	,	PUNCT
iiclr-17591	884	3	shareholders	shareholder	NOUN
iiclr-17591	884	4	can	can	AUX
iiclr-17591	884	5	not	not	PART
iiclr-17591	884	6	sue	sue	VERB
iiclr-17591	884	7	directors	director	NOUN
iiclr-17591	884	8	derivatively	derivatively	ADV
iiclr-17591	884	9	,	,	PUNCT
iiclr-17591	884	10	i.e.	i.e.	X
iiclr-17591	884	11	,	,	PUNCT
iiclr-17591	884	12	on	on	ADP
iiclr-17591	884	13	behalf	behalf	NOUN
iiclr-17591	884	14	of	of	ADP
iiclr-17591	884	15	the	the	DET
iiclr-17591	884	16	corporation	corporation	NOUN
iiclr-17591	884	17	,	,	PUNCT
iiclr-17591	884	18	"	"	PUNCT
iiclr-17591	884	19	because	because	SCONJ
iiclr-17591	884	20	no	no	DET
iiclr-17591	884	21	such	such	ADJ
iiclr-17591	884	22	provision	provision	NOUN
iiclr-17591	884	23	exists	exist	VERB
iiclr-17591	884	24	.	.	PUNCT
iiclr-17591	885	1	the	the	DET
iiclr-17591	885	2	system	system	NOUN
iiclr-17591	885	3	of	of	ADP
iiclr-17591	885	4	corporate	corporate	ADJ
iiclr-17591	885	5	governance	governance	NOUN
iiclr-17591	885	6	,	,	PUNCT
iiclr-17591	885	7	apparently	apparently	ADV
iiclr-17591	885	8	neutral	neutral	ADJ
iiclr-17591	885	9	so	so	ADV
iiclr-17591	885	10	far	far	ADV
iiclr-17591	885	11	,	,	PUNCT
iiclr-17591	885	12	begins	begin	VERB
iiclr-17591	885	13	to	to	PART
iiclr-17591	885	14	appear	appear	VERB
iiclr-17591	885	15	biased	biased	ADJ
iiclr-17591	885	16	in	in	ADP
iiclr-17591	885	17	favor	favor	NOUN
iiclr-17591	885	18	of	of	ADP
iiclr-17591	885	19	directors	director	NOUN
iiclr-17591	885	20	.	.	PUNCT
iiclr-17591	886	1	it	it	PRON
iiclr-17591	886	2	can	can	AUX
iiclr-17591	886	3	be	be	AUX
iiclr-17591	886	4	argued	argue	VERB
iiclr-17591	886	5	that	that	SCONJ
iiclr-17591	886	6	general	general	ADJ
iiclr-17591	886	7	tort	tort	NOUN
iiclr-17591	886	8	law	law	NOUN
iiclr-17591	886	9	(	(	PUNCT
iiclr-17591	886	10	civil	civil	ADJ
iiclr-17591	886	11	code	code	NOUN
iiclr-17591	886	12	art	art	NOUN
iiclr-17591	886	13	.	.	PUNCT
iiclr-17591	887	1	2043	2043	NUM
iiclr-17591	887	2	(	(	PUNCT
iiclr-17591	887	3	italy))6	italy))6	PROPN
iiclr-17591	887	4	would	would	AUX
iiclr-17591	887	5	allow	allow	VERB
iiclr-17591	887	6	a	a	DET
iiclr-17591	887	7	shareholder	shareholder	NOUN
iiclr-17591	887	8	to	to	PART
iiclr-17591	887	9	recover	recover	VERB
iiclr-17591	887	10	damages	damage	NOUN
iiclr-17591	887	11	resulting	result	VERB
iiclr-17591	887	12	from	from	ADP
iiclr-17591	887	13	the	the	DET
iiclr-17591	887	14	loss	loss	NOUN
iiclr-17591	887	15	of	of	ADP
iiclr-17591	887	16	value	value	NOUN
iiclr-17591	887	17	of	of	ADP
iiclr-17591	887	18	the	the	DET
iiclr-17591	887	19	stock	stock	NOUN
iiclr-17591	887	20	;	;	PUNCT
iiclr-17591	887	21	if	if	SCONJ
iiclr-17591	887	22	that	that	PRON
iiclr-17591	887	23	is	be	AUX
iiclr-17591	887	24	so	so	ADV
iiclr-17591	887	25	,	,	PUNCT
iiclr-17591	887	26	art	art	NOUN
iiclr-17591	887	27	.	.	PUNCT
iiclr-17591	888	1	2395	2395	NUM
iiclr-17591	888	2	,	,	PUNCT
iiclr-17591	888	3	far	far	ADV
iiclr-17591	888	4	from	from	ADP
iiclr-17591	888	5	allowing	allow	VERB
iiclr-17591	888	6	recovery	recovery	NOUN
iiclr-17591	888	7	for	for	ADP
iiclr-17591	888	8	"	"	PUNCT
iiclr-17591	888	9	direct	direct	ADJ
iiclr-17591	888	10	"	"	PUNCT
iiclr-17591	888	11	damages	damage	NOUN
iiclr-17591	888	12	,	,	PUNCT
iiclr-17591	888	13	precludes	preclude	VERB
iiclr-17591	888	14	it	it	PRON
iiclr-17591	888	15	for	for	ADP
iiclr-17591	888	16	"	"	PUNCT
iiclr-17591	888	17	indirect	indirect	ADJ
iiclr-17591	888	18	"	"	PUNCT
iiclr-17591	888	19	ones	one	NOUN
iiclr-17591	888	20	.	.	PUNCT
iiclr-17591	889	1	moreover	moreover	ADV
iiclr-17591	889	2	,	,	PUNCT
iiclr-17591	889	3	the	the	DET
iiclr-17591	889	4	absence	absence	NOUN
iiclr-17591	889	5	of	of	ADP
iiclr-17591	889	6	a	a	DET
iiclr-17591	889	7	shareholders	shareholder	NOUN
iiclr-17591	889	8	'	'	PART
iiclr-17591	889	9	derivative	derivative	ADJ
iiclr-17591	889	10	remedy	remedy	NOUN
iiclr-17591	889	11	in	in	ADP
iiclr-17591	889	12	the	the	DET
iiclr-17591	889	13	italian	italian	ADJ
iiclr-17591	889	14	legal	legal	ADJ
iiclr-17591	889	15	system	system	NOUN
iiclr-17591	889	16	,	,	PUNCT
iiclr-17591	889	17	which	which	PRON
iiclr-17591	889	18	progressively	progressively	ADV
iiclr-17591	889	19	admits	admit	VERB
iiclr-17591	889	20	derivative	derivative	ADJ
iiclr-17591	889	21	suits	suit	NOUN
iiclr-17591	889	22	as	as	ADP
iiclr-17591	889	23	a	a	DET
iiclr-17591	889	24	general	general	ADJ
iiclr-17591	889	25	remedy	remedy	NOUN
iiclr-17591	889	26	for	for	ADP
iiclr-17591	889	27	creditors	creditor	NOUN
iiclr-17591	889	28	,	,	PUNCT
iiclr-17591	889	29	seems	seem	VERB
iiclr-17591	889	30	the	the	DET
iiclr-17591	889	31	product	product	NOUN
iiclr-17591	889	32	of	of	ADP
iiclr-17591	889	33	a	a	DET
iiclr-17591	889	34	clear	clear	ADJ
iiclr-17591	889	35	political	political	ADJ
iiclr-17591	889	36	choice.97	choice.97	NOUN
iiclr-17591	889	37	the	the	DET
iiclr-17591	889	38	barrier	barrier	NOUN
iiclr-17591	889	39	created	create	VERB
iiclr-17591	889	40	by	by	ADP
iiclr-17591	889	41	the	the	DET
iiclr-17591	889	42	law	law	NOUN
iiclr-17591	889	43	against	against	ADP
iiclr-17591	889	44	shareholders	shareholder	NOUN
iiclr-17591	889	45	'	'	PART
iiclr-17591	889	46	suits	suit	NOUN
iiclr-17591	889	47	for	for	ADP
iiclr-17591	889	48	directors	director	NOUN
iiclr-17591	889	49	'	'	PART
iiclr-17591	889	50	mismanagement	mismanagement	NOUN
iiclr-17591	889	51	or	or	CCONJ
iiclr-17591	889	52	fraud	fraud	NOUN
iiclr-17591	889	53	is	be	AUX
iiclr-17591	889	54	in	in	ADP
iiclr-17591	889	55	fact	fact	NOUN
iiclr-17591	889	56	not	not	PART
iiclr-17591	889	57	a	a	DET
iiclr-17591	889	58	result	result	NOUN
iiclr-17591	889	59	arrived	arrive	VERB
iiclr-17591	889	60	at	at	ADP
iiclr-17591	889	61	by	by	ADP
iiclr-17591	889	62	chance	chance	NOUN
iiclr-17591	889	63	;	;	PUNCT
iiclr-17591	889	64	to	to	ADP
iiclr-17591	889	65	the	the	DET
iiclr-17591	889	66	(	(	PUNCT
iiclr-17591	889	67	splitting	splitting	NOUN
iiclr-17591	889	68	)	)	PUNCT
iiclr-17591	889	69	of	of	ADP
iiclr-17591	889	70	companies	company	NOUN
iiclr-17591	889	71	,	,	PUNCT
iiclr-17591	889	72	expressly	expressly	ADV
iiclr-17591	889	73	provides	provide	VERB
iiclr-17591	889	74	for	for	ADP
iiclr-17591	889	75	the	the	DET
iiclr-17591	889	76	liability	liability	NOUN
iiclr-17591	889	77	(	(	PUNCT
iiclr-17591	889	78	also	also	ADV
iiclr-17591	889	79	)	)	PUNCT
iiclr-17591	889	80	of	of	ADP
iiclr-17591	889	81	directors	director	NOUN
iiclr-17591	889	82	arising	arise	VERB
iiclr-17591	889	83	from	from	ADP
iiclr-17591	889	84	the	the	DET
iiclr-17591	889	85	merger	merger	NOUN
iiclr-17591	889	86	or	or	CCONJ
iiclr-17591	889	87	division	division	NOUN
iiclr-17591	889	88	(	(	PUNCT
iiclr-17591	889	89	c.c	c.c	PROPN
iiclr-17591	889	90	art	art	NOUN
iiclr-17591	889	91	.	.	PUNCT
iiclr-17591	890	1	2504(2	2504(2	NUM
iiclr-17591	890	2	)	)	PUNCT
iiclr-17591	890	3	(	(	PUNCT
iiclr-17591	890	4	italy	italy	PROPN
iiclr-17591	890	5	)	)	PUNCT
iiclr-17591	890	6	,	,	PUNCT
iiclr-17591	890	7	recalled	recall	VERB
iiclr-17591	890	8	by	by	ADP
iiclr-17591	890	9	c.c	c.c	PROPN
iiclr-17591	890	10	.	.	PROPN
iiclr-17591	890	11	art	art	NOUN
iiclr-17591	890	12	.	.	PUNCT
iiclr-17591	891	1	2504	2504	NUM
iiclr-17591	891	2	-	-	PUNCT
iiclr-17591	891	3	novies(4	novies(4	NUM
iiclr-17591	891	4	)	)	PUNCT
iiclr-17591	891	5	(	(	PUNCT
iiclr-17591	891	6	italy	italy	PROPN
iiclr-17591	891	7	)	)	PUNCT
iiclr-17591	891	8	for	for	ADP
iiclr-17591	891	9	divisions	division	NOUN
iiclr-17591	891	10	)	)	PUNCT
iiclr-17591	891	11	.	.	PUNCT
iiclr-17591	892	1	this	this	DET
iiclr-17591	892	2	liability	liability	NOUN
iiclr-17591	892	3	,	,	PUNCT
iiclr-17591	892	4	even	even	ADV
iiclr-17591	892	5	if	if	SCONJ
iiclr-17591	892	6	somewhat	somewhat	ADV
iiclr-17591	892	7	peculiar	peculiar	ADJ
iiclr-17591	892	8	(	(	PUNCT
iiclr-17591	892	9	it	it	PRON
iiclr-17591	892	10	indeed	indeed	ADV
iiclr-17591	892	11	can	can	AUX
iiclr-17591	892	12	be	be	AUX
iiclr-17591	892	13	used	use	VERB
iiclr-17591	892	14	as	as	ADP
iiclr-17591	892	15	a	a	DET
iiclr-17591	892	16	form	form	NOUN
iiclr-17591	892	17	of	of	ADP
iiclr-17591	892	18	"	"	PUNCT
iiclr-17591	892	19	appraisal	appraisal	NOUN
iiclr-17591	892	20	remedy	remedy	NOUN
iiclr-17591	892	21	"	"	PUNCT
iiclr-17591	892	22	)	)	PUNCT
iiclr-17591	892	23	,	,	PUNCT
iiclr-17591	892	24	appears	appear	VERB
iiclr-17591	892	25	to	to	PART
iiclr-17591	892	26	be	be	AUX
iiclr-17591	892	27	tort	tort	NOUN
iiclr-17591	892	28	-	-	PUNCT
iiclr-17591	892	29	like	like	ADJ
iiclr-17591	892	30	in	in	ADP
iiclr-17591	892	31	nature	nature	NOUN
iiclr-17591	892	32	and	and	CCONJ
iiclr-17591	892	33	similar	similar	ADJ
iiclr-17591	892	34	to	to	ADP
iiclr-17591	892	35	that	that	PRON
iiclr-17591	892	36	provided	provide	VERB
iiclr-17591	892	37	for	for	ADP
iiclr-17591	892	38	by	by	ADP
iiclr-17591	892	39	c.c	c.c	PROPN
iiclr-17591	892	40	.	.	PROPN
iiclr-17591	892	41	art	art	PROPN
iiclr-17591	892	42	.	.	PUNCT
iiclr-17591	893	1	2395	2395	NUM
iiclr-17591	893	2	(	(	PUNCT
iiclr-17591	893	3	italy	italy	PROPN
iiclr-17591	893	4	)	)	PUNCT
iiclr-17591	893	5	(	(	PUNCT
iiclr-17591	893	6	alberto	alberto	PROPN
iiclr-17591	893	7	picciau	picciau	VERB
iiclr-17591	893	8	,	,	PUNCT
iiclr-17591	893	9	osservazioni	osservazioni	NOUN
iiclr-17591	893	10	alle	alle	PROPN
iiclr-17591	893	11	isiruzioni	isiruzioni	PROPN
iiclr-17591	893	12	del	del	PROPN
iiclr-17591	893	13	tribunale	tribunale	PROPN
iiclr-17591	893	14	di	di	X
iiclr-17591	893	15	milano	milano	PROPN
iiclr-17591	893	16	per	per	X
iiclr-17591	893	17	le	le	X
iiclr-17591	893	18	omologazioni	omologazioni	PROPN
iiclr-17591	893	19	in	in	ADP
iiclr-17591	893	20	materia	materia	PROPN
iiclr-17591	893	21	difusione	difusione	NOUN
iiclr-17591	893	22	,	,	PUNCT
iiclr-17591	893	23	1991	1991	NUM
iiclr-17591	893	24	gijurisprudenza	gijurisprudenza	NOUN
iiclr-17591	893	25	italiana	italiana	PROPN
iiclr-17591	893	26	iv	iv	PROPN
iiclr-17591	893	27	,	,	PUNCT
iiclr-17591	893	28	496	496	NUM
iiclr-17591	893	29	,	,	PUNCT
iiclr-17591	893	30	510	510	NUM
iiclr-17591	893	31	;	;	PUNCT
iiclr-17591	893	32	carlo	carlo	NOUN
iiclr-17591	893	33	angelici	angelici	NOUN
iiclr-17591	893	34	,	,	PUNCT
iiclr-17591	893	35	la	la	X
iiclr-17591	893	36	nullit6	nullit6	NOUN
iiclr-17591	893	37	della	della	NOUN
iiclr-17591	893	38	fusione	fusione	NOUN
iiclr-17591	893	39	,	,	PUNCT
iiclr-17591	893	40	1992	1992	NUM
iiclr-17591	893	41	rivista	rivista	X
iiclr-17591	893	42	del	del	X
iiclr-17591	893	43	dir17to	dir17to	PROPN
iiclr-17591	893	44	commerciale	commerciale	NOUN
iiclr-17591	893	45	1	1	NUM
iiclr-17591	893	46	,	,	PUNCT
iiclr-17591	893	47	267	267	NUM
iiclr-17591	893	48	,	,	PUNCT
iiclr-17591	893	49	272	272	NUM
iiclr-17591	893	50	;	;	PUNCT
iiclr-17591	893	51	lorenzo	lorenzo	PROPN
iiclr-17591	893	52	stanghellini	stanghellini	PROPN
iiclr-17591	893	53	,	,	PUNCT
iiclr-17591	893	54	osservazioni	osservazioni	NOUN
iiclr-17591	893	55	in	in	ADP
iiclr-17591	893	56	materia	materia	PROPN
iiclr-17591	893	57	di	di	X
iiclr-17591	893	58	sindacabilita	sindacabilita	PROPN
iiclr-17591	893	59	del	del	PROPN
iiclr-17591	893	60	rapporto	rapporto	PROPN
iiclr-17591	893	61	di	di	PROPN
iiclr-17591	893	62	cambio	cambio	PROPN
iiclr-17591	893	63	nellafusione	nellafusione	NOUN
iiclr-17591	893	64	dopo	dopo	X
iiclr-17591	893	65	la	la	X
iiclr-17591	893	66	riforma	riforma	PROPN
iiclr-17591	893	67	del	del	PROPN
iiclr-17591	893	68	1991	1991	NUM
iiclr-17591	893	69	,	,	PUNCT
iiclr-17591	893	70	1995	1995	NUM
iiclr-17591	893	71	giur]sprudenza	giur]sprudenza	NOUN
iiclr-17591	893	72	commerciale	commerciale	NOUN
iiclr-17591	894	1	i	i	PROPN
iiclr-17591	894	2	,	,	PUNCT
iiclr-17591	894	3	127	127	NUM
iiclr-17591	894	4	.	.	PUNCT
iiclr-17591	894	5	95	95	NUM
iiclr-17591	894	6	.	.	PUNCT
iiclr-17591	895	1	for	for	ADP
iiclr-17591	895	2	the	the	DET
iiclr-17591	895	3	distinction	distinction	NOUN
iiclr-17591	895	4	between	between	ADP
iiclr-17591	895	5	"	"	PUNCT
iiclr-17591	895	6	direct	direct	ADJ
iiclr-17591	895	7	"	"	PUNCT
iiclr-17591	895	8	and	and	CCONJ
iiclr-17591	895	9	"	"	PUNCT
iiclr-17591	895	10	derivative	derivative	ADJ
iiclr-17591	895	11	"	"	PUNCT
iiclr-17591	895	12	suits	suit	NOUN
iiclr-17591	895	13	see	see	VERB
iiclr-17591	895	14	clark	clark	PROPN
iiclr-17591	895	15	,	,	PUNCT
iiclr-17591	895	16	supra	supra	PROPN
iiclr-17591	895	17	note	note	PROPN
iiclr-17591	895	18	53	53	NUM
iiclr-17591	895	19	,	,	PUNCT
iiclr-17591	895	20	at	at	ADP
iiclr-17591	895	21	662	662	NUM
iiclr-17591	895	22	-	-	SYM
iiclr-17591	895	23	64	64	NUM
iiclr-17591	895	24	(	(	PUNCT
iiclr-17591	895	25	suit	suit	NOUN
iiclr-17591	895	26	is	be	AUX
iiclr-17591	895	27	derivative	derivative	ADJ
iiclr-17591	895	28	"	"	PUNCT
iiclr-17591	895	29	when	when	SCONJ
iiclr-17591	895	30	the	the	DET
iiclr-17591	895	31	wrong	wrong	NOUN
iiclr-17591	895	32	complained	complain	VERB
iiclr-17591	895	33	of	of	ADP
iiclr-17591	895	34	primarily	primarily	ADV
iiclr-17591	895	35	constituted	constitute	VERB
iiclr-17591	895	36	an	an	DET
iiclr-17591	895	37	injury	injury	NOUN
iiclr-17591	895	38	to	to	ADP
iiclr-17591	895	39	the	the	DET
iiclr-17591	895	40	corporation	corporation	NOUN
iiclr-17591	895	41	"	"	PUNCT
iiclr-17591	895	42	;	;	PUNCT
iiclr-17591	895	43	it	it	PRON
iiclr-17591	895	44	is	be	AUX
iiclr-17591	895	45	direct	direct	ADJ
iiclr-17591	895	46	"	"	PUNCT
iiclr-17591	895	47	when	when	SCONJ
iiclr-17591	895	48	the	the	DET
iiclr-17591	895	49	injury	injury	NOUN
iiclr-17591	895	50	was	be	AUX
iiclr-17591	895	51	primarily	primarily	ADV
iiclr-17591	895	52	to	to	ADP
iiclr-17591	895	53	the	the	DET
iiclr-17591	895	54	shareholder(s	shareholder(s	NOUN
iiclr-17591	895	55	)	)	PUNCT
iiclr-17591	895	56	as	as	ADP
iiclr-17591	895	57	such	such	ADJ
iiclr-17591	895	58	"	"	PUNCT
iiclr-17591	895	59	)	)	PUNCT
iiclr-17591	895	60	;	;	PUNCT
iiclr-17591	895	61	jesse	jesse	PROPN
iiclr-17591	895	62	h.	h.	PROPN
iiclr-17591	895	63	choper	choper	PROPN
iiclr-17591	895	64	,	,	PUNCT
iiclr-17591	895	65	john	john	PROPN
iiclr-17591	895	66	c.	c.	PROPN
iiclr-17591	895	67	coffee	coffee	PROPN
iiclr-17591	895	68	,	,	PUNCT
iiclr-17591	895	69	jr	jr	PROPN
iiclr-17591	895	70	.	.	PROPN
iiclr-17591	895	71	,	,	PUNCT
iiclr-17591	895	72	&	&	CCONJ
iiclr-17591	895	73	c.	c.	PROPN
iiclr-17591	895	74	robert	robert	PROPN
iiclr-17591	895	75	morris	morris	PROPN
iiclr-17591	895	76	,	,	PUNCT
iiclr-17591	895	77	jr	jr	PROPN
iiclr-17591	895	78	.	.	PROPN
iiclr-17591	895	79	,	,	PUNCT
iiclr-17591	895	80	cases	case	NOUN
iiclr-17591	895	81	and	and	CCONJ
iiclr-17591	895	82	materials	material	NOUN
iiclr-17591	895	83	on	on	ADP
iiclr-17591	895	84	corporations	corporation	NOUN
iiclr-17591	895	85	867	867	NUM
iiclr-17591	895	86	-	-	SYM
iiclr-17591	895	87	68	68	NUM
iiclr-17591	895	88	(	(	PUNCT
iiclr-17591	895	89	1989	1989	NUM
iiclr-17591	895	90	)	)	PUNCT
iiclr-17591	895	91	(	(	PUNCT
iiclr-17591	895	92	direct	direct	ADJ
iiclr-17591	895	93	suit	suit	NOUN
iiclr-17591	895	94	when	when	SCONJ
iiclr-17591	895	95	the	the	DET
iiclr-17591	895	96	plaintiff	plaintiff	NOUN
iiclr-17591	895	97	has	have	AUX
iiclr-17591	895	98	been	be	AUX
iiclr-17591	895	99	injured	injure	VERB
iiclr-17591	895	100	and	and	CCONJ
iiclr-17591	895	101	has	have	VERB
iiclr-17591	895	102	a	a	DET
iiclr-17591	895	103	cause	cause	NOUN
iiclr-17591	895	104	of	of	ADP
iiclr-17591	895	105	action	action	NOUN
iiclr-17591	895	106	,	,	PUNCT
iiclr-17591	895	107	and	and	CCONJ
iiclr-17591	895	108	the	the	DET
iiclr-17591	895	109	corporation	corporation	NOUN
iiclr-17591	895	110	is	be	AUX
iiclr-17591	895	111	a	a	DET
iiclr-17591	895	112	real	real	ADJ
iiclr-17591	895	113	defendant	defendant	NOUN
iiclr-17591	895	114	;	;	PUNCT
iiclr-17591	895	115	derivative	derivative	ADJ
iiclr-17591	895	116	suit	suit	NOUN
iiclr-17591	895	117	when	when	SCONJ
iiclr-17591	895	118	the	the	DET
iiclr-17591	895	119	corporation	corporation	NOUN
iiclr-17591	895	120	has	have	AUX
iiclr-17591	895	121	been	be	AUX
iiclr-17591	895	122	injured	injure	VERB
iiclr-17591	895	123	and	and	CCONJ
iiclr-17591	895	124	has	have	VERB
iiclr-17591	895	125	a	a	DET
iiclr-17591	895	126	cause	cause	NOUN
iiclr-17591	895	127	of	of	ADP
iiclr-17591	895	128	action	action	NOUN
iiclr-17591	895	129	and	and	CCONJ
iiclr-17591	895	130	therefore	therefore	ADV
iiclr-17591	895	131	it	it	PRON
iiclr-17591	895	132	is	be	AUX
iiclr-17591	895	133	only	only	ADV
iiclr-17591	895	134	a	a	DET
iiclr-17591	895	135	nominal	nominal	ADJ
iiclr-17591	895	136	defendant	defendant	NOUN
iiclr-17591	895	137	)	)	PUNCT
iiclr-17591	895	138	.	.	PUNCT
iiclr-17591	896	1	96	96	NUM
iiclr-17591	896	2	.	.	PUNCT
iiclr-17591	897	1	"	"	PUNCT
iiclr-17591	897	2	any	any	DET
iiclr-17591	897	3	act	act	NOUN
iiclr-17591	897	4	,	,	PUNCT
iiclr-17591	897	5	intentionally	intentionally	ADV
iiclr-17591	897	6	or	or	CCONJ
iiclr-17591	897	7	negligently	negligently	ADV
iiclr-17591	897	8	committed	commit	VERB
iiclr-17591	897	9	,	,	PUNCT
iiclr-17591	897	10	causing	cause	VERB
iiclr-17591	897	11	damages	damage	NOUN
iiclr-17591	897	12	to	to	ADP
iiclr-17591	897	13	a	a	DET
iiclr-17591	897	14	third	third	ADJ
iiclr-17591	897	15	party	party	NOUN
iiclr-17591	897	16	,	,	PUNCT
iiclr-17591	897	17	binds	bind	VERB
iiclr-17591	897	18	its	its	PRON
iiclr-17591	897	19	author	author	NOUN
iiclr-17591	897	20	to	to	PART
iiclr-17591	897	21	indemnify	indemnify	VERB
iiclr-17591	897	22	the	the	DET
iiclr-17591	897	23	injured	injure	VERB
iiclr-17591	897	24	person	person	NOUN
iiclr-17591	897	25	for	for	ADP
iiclr-17591	897	26	such	such	ADJ
iiclr-17591	897	27	damages	damage	NOUN
iiclr-17591	897	28	.	.	PUNCT
iiclr-17591	897	29	"	"	PUNCT
iiclr-17591	898	1	for	for	ADP
iiclr-17591	898	2	a	a	DET
iiclr-17591	898	3	fascinating	fascinating	ADJ
iiclr-17591	898	4	history	history	NOUN
iiclr-17591	898	5	of	of	ADP
iiclr-17591	898	6	the	the	DET
iiclr-17591	898	7	evolution	evolution	NOUN
iiclr-17591	898	8	of	of	ADP
iiclr-17591	898	9	the	the	DET
iiclr-17591	898	10	case	case	NOUN
iiclr-17591	898	11	law	law	NOUN
iiclr-17591	898	12	under	under	ADP
iiclr-17591	898	13	c.c	c.c	PROPN
iiclr-17591	898	14	.	.	PROPN
iiclr-17591	898	15	art	art	NOUN
iiclr-17591	898	16	.	.	PUNCT
iiclr-17591	899	1	2043	2043	NUM
iiclr-17591	899	2	(	(	PUNCT
iiclr-17591	899	3	italy	italy	PROPN
iiclr-17591	899	4	)	)	PUNCT
iiclr-17591	899	5	from	from	ADP
iiclr-17591	899	6	1942	1942	NUM
iiclr-17591	899	7	to	to	ADP
iiclr-17591	899	8	date	date	NOUN
iiclr-17591	899	9	see	see	VERB
iiclr-17591	899	10	3	3	NUM
iiclr-17591	899	11	bigliazzi	bigliazzi	NOUN
iiclr-17591	899	12	geri	geri	PROPN
iiclr-17591	899	13	et	et	PROPN
iiclr-17591	899	14	al	al	PROPN
iiclr-17591	899	15	.	.	PROPN
iiclr-17591	899	16	,	,	PUNCT
iiclr-17591	899	17	supra	supra	PROPN
iiclr-17591	899	18	note	note	PROPN
iiclr-17591	899	19	7	7	NUM
iiclr-17591	899	20	,	,	PUNCT
iiclr-17591	899	21	at	at	ADP
iiclr-17591	899	22	671	671	NUM
iiclr-17591	899	23	-	-	SYM
iiclr-17591	899	24	93	93	NUM
iiclr-17591	899	25	.	.	PUNCT
iiclr-17591	900	1	97	97	NUM
iiclr-17591	900	2	.	.	PUNCT
iiclr-17591	901	1	c.c	c.c	PROPN
iiclr-17591	901	2	.	.	PROPN
iiclr-17591	901	3	art	art	NOUN
iiclr-17591	901	4	.	.	PUNCT
iiclr-17591	902	1	2900	2900	NUM
iiclr-17591	902	2	(	(	PUNCT
iiclr-17591	902	3	italy	italy	PROPN
iiclr-17591	902	4	)	)	PUNCT
iiclr-17591	902	5	generally	generally	ADV
iiclr-17591	902	6	allows	allow	VERB
iiclr-17591	902	7	creditors	creditor	NOUN
iiclr-17591	902	8	to	to	PART
iiclr-17591	902	9	bring	bring	VERB
iiclr-17591	902	10	a	a	DET
iiclr-17591	902	11	derivative	derivative	ADJ
iiclr-17591	902	12	action	action	NOUN
iiclr-17591	902	13	to	to	PART
iiclr-17591	902	14	enforce	enforce	VERB
iiclr-17591	902	15	debtor	debtor	NOUN
iiclr-17591	902	16	's	's	PART
iiclr-17591	902	17	rights	right	NOUN
iiclr-17591	902	18	that	that	PRON
iiclr-17591	902	19	he	he	PRON
iiclr-17591	902	20	neglects	neglect	VERB
iiclr-17591	902	21	enforcing	enforce	VERB
iiclr-17591	902	22	.	.	PUNCT
iiclr-17591	903	1	the	the	DET
iiclr-17591	903	2	debtor	debtor	NOUN
iiclr-17591	903	3	is	be	AUX
iiclr-17591	903	4	called	call	VERB
iiclr-17591	903	5	upon	upon	SCONJ
iiclr-17591	903	6	as	as	ADP
iiclr-17591	903	7	a	a	DET
iiclr-17591	903	8	nominal	nominal	ADJ
iiclr-17591	903	9	defendant	defendant	NOUN
iiclr-17591	903	10	.	.	PUNCT
iiclr-17591	904	1	moreover	moreover	ADV
iiclr-17591	904	2	,	,	PUNCT
iiclr-17591	904	3	by	by	ADP
iiclr-17591	904	4	imposing	impose	VERB
iiclr-17591	904	5	on	on	ADP
iiclr-17591	904	6	directors	director	NOUN
iiclr-17591	904	7	liability	liability	NOUN
iiclr-17591	904	8	to	to	ADP
iiclr-17591	904	9	the	the	DET
iiclr-17591	904	10	creditors	creditor	NOUN
iiclr-17591	904	11	of	of	ADP
iiclr-17591	904	12	the	the	DET
iiclr-17591	904	13	corporation	corporation	NOUN
iiclr-17591	904	14	,	,	PUNCT
iiclr-17591	904	15	c.c	c.c	PROPN
iiclr-17591	904	16	.	.	PROPN
iiclr-17591	904	17	art	art	PROPN
iiclr-17591	904	18	.	.	PUNCT
iiclr-17591	904	19	2394	2394	NUM
iiclr-17591	904	20	(	(	PUNCT
iiclr-17591	904	21	italy	italy	PROPN
iiclr-17591	904	22	)	)	PUNCT
iiclr-17591	904	23	itself	itself	PRON
iiclr-17591	904	24	,	,	PUNCT
iiclr-17591	904	25	examined	examine	VERB
iiclr-17591	904	26	supra	supra	NOUN
iiclr-17591	904	27	,	,	PUNCT
iiclr-17591	904	28	is	be	AUX
iiclr-17591	904	29	derivative	derivative	ADJ
iiclr-17591	904	30	in	in	ADP
iiclr-17591	904	31	nature	nature	NOUN
iiclr-17591	904	32	(	(	PUNCT
iiclr-17591	904	33	judgment	judgment	NOUN
iiclr-17591	904	34	of	of	ADP
iiclr-17591	904	35	dec	dec	PROPN
iiclr-17591	904	36	.	.	PROPN
iiclr-17591	904	37	14	14	NUM
iiclr-17591	904	38	,	,	PUNCT
iiclr-17591	904	39	1991	1991	NUM
iiclr-17591	904	40	,	,	PUNCT
iiclr-17591	904	41	no	no	INTJ
iiclr-17591	904	42	.	.	NOUN
iiclr-17591	904	43	13498	13498	NUM
iiclr-17591	904	44	,	,	PUNCT
iiclr-17591	905	1	cass	cass	PROPN
iiclr-17591	905	2	.	.	PUNCT
iiclr-17591	905	3	civ	civ	PROPN
iiclr-17591	905	4	.	.	PROPN
iiclr-17591	905	5	,	,	PUNCT
iiclr-17591	905	6	1992	1992	NUM
iiclr-17591	905	7	foro	foro	PROPN
iiclr-17591	905	8	rraliano	rraliano	VERB
iiclr-17591	905	9	i	i	PRON
iiclr-17591	905	10	,	,	PUNCT
iiclr-17591	905	11	1803	1803	NUM
iiclr-17591	905	12	)	)	PUNCT
iiclr-17591	905	13	.	.	PUNCT
iiclr-17591	906	1	this	this	PRON
iiclr-17591	906	2	does	do	AUX
iiclr-17591	906	3	not	not	PART
iiclr-17591	906	4	mean	mean	VERB
iiclr-17591	906	5	that	that	SCONJ
iiclr-17591	906	6	shareholders	shareholder	NOUN
iiclr-17591	906	7	should	should	AUX
iiclr-17591	906	8	be	be	AUX
iiclr-17591	906	9	considered	consider	VERB
iiclr-17591	906	10	like	like	ADP
iiclr-17591	906	11	creditors	creditor	NOUN
iiclr-17591	906	12	;	;	PUNCT
iiclr-17591	906	13	it	it	PRON
iiclr-17591	906	14	only	only	ADV
iiclr-17591	906	15	means	mean	VERB
iiclr-17591	906	16	that	that	SCONJ
iiclr-17591	906	17	the	the	DET
iiclr-17591	906	18	absence	absence	NOUN
iiclr-17591	906	19	of	of	ADP
iiclr-17591	906	20	a	a	DET
iiclr-17591	906	21	derivative	derivative	ADJ
iiclr-17591	906	22	remedy	remedy	NOUN
iiclr-17591	906	23	seems	seem	VERB
iiclr-17591	906	24	particularly	particularly	ADV
iiclr-17591	906	25	striking	striking	ADJ
iiclr-17591	906	26	,	,	PUNCT
iiclr-17591	906	27	and	and	CCONJ
iiclr-17591	906	28	not	not	PART
iiclr-17591	906	29	fortuitous	fortuitous	ADJ
iiclr-17591	906	30	,	,	PUNCT
iiclr-17591	906	31	in	in	ADP
iiclr-17591	906	32	a	a	DET
iiclr-17591	906	33	system	system	NOUN
iiclr-17591	906	34	so	so	ADV
iiclr-17591	906	35	attentive	attentive	ADJ
iiclr-17591	906	36	to	to	ADP
iiclr-17591	906	37	protecting	protect	VERB
iiclr-17591	906	38	rights	right	NOUN
iiclr-17591	906	39	when	when	SCONJ
iiclr-17591	906	40	enforcement	enforcement	NOUN
iiclr-17591	906	41	depends	depend	VERB
iiclr-17591	906	42	on	on	ADP
iiclr-17591	906	43	some	some	DET
iiclr-17591	906	44	action	action	NOUN
iiclr-17591	906	45	by	by	ADP
iiclr-17591	906	46	the	the	DET
iiclr-17591	906	47	debtor	debtor	NOUN
iiclr-17591	906	48	.	.	PUNCT
iiclr-17591	907	1	[	[	X
iiclr-17591	907	2	vol	vol	NOUN
iiclr-17591	907	3	.	.	PUNCT
iiclr-17591	908	1	6:1	6:1	NUM
iiclr-17591	908	2	corporate	corporate	ADJ
iiclr-17591	908	3	governance	governance	NOUN
iiclr-17591	908	4	in	in	ADP
iiclr-17591	908	5	italy	italy	PROPN
iiclr-17591	908	6	contrary	contrary	PROPN
iiclr-17591	908	7	,	,	PUNCT
iiclr-17591	908	8	legislative	legislative	ADJ
iiclr-17591	908	9	history	history	NOUN
iiclr-17591	908	10	demonstrates	demonstrate	VERB
iiclr-17591	908	11	that	that	SCONJ
iiclr-17591	908	12	this	this	PRON
iiclr-17591	908	13	was	be	AUX
iiclr-17591	908	14	precisely	precisely	ADV
iiclr-17591	908	15	what	what	PRON
iiclr-17591	908	16	legislators	legislator	NOUN
iiclr-17591	908	17	wanted	want	VERB
iiclr-17591	908	18	to	to	PART
iiclr-17591	908	19	achieve?8	achieve?8	VERB
iiclr-17591	908	20	this	this	DET
iiclr-17591	908	21	introduces	introduce	VERB
iiclr-17591	908	22	the	the	DET
iiclr-17591	908	23	central	central	ADJ
iiclr-17591	908	24	topic	topic	NOUN
iiclr-17591	908	25	of	of	ADP
iiclr-17591	908	26	this	this	DET
iiclr-17591	908	27	paper	paper	NOUN
iiclr-17591	908	28	:	:	PUNCT
iiclr-17591	908	29	the	the	DET
iiclr-17591	908	30	liability	liability	NOUN
iiclr-17591	908	31	of	of	ADP
iiclr-17591	908	32	directors	director	NOUN
iiclr-17591	908	33	to	to	ADP
iiclr-17591	908	34	the	the	DET
iiclr-17591	908	35	company	company	NOUN
iiclr-17591	908	36	.	.	PUNCT
iiclr-17591	909	1	c.	c.	NOUN
iiclr-17591	910	1	the	the	DET
iiclr-17591	910	2	liability	liability	NOUN
iiclr-17591	910	3	of	of	ADP
iiclr-17591	910	4	directors	director	NOUN
iiclr-17591	910	5	to	to	ADP
iiclr-17591	910	6	the	the	DET
iiclr-17591	910	7	company	company	NOUN
iiclr-17591	910	8	.	.	PUNCT
iiclr-17591	911	1	1	1	X
iiclr-17591	911	2	.	.	X
iiclr-17591	911	3	the	the	DET
iiclr-17591	911	4	grounds	ground	NOUN
iiclr-17591	911	5	.	.	PUNCT
iiclr-17591	912	1	directors	director	NOUN
iiclr-17591	912	2	must	must	AUX
iiclr-17591	912	3	manage	manage	VERB
iiclr-17591	912	4	a	a	DET
iiclr-17591	912	5	company	company	NOUN
iiclr-17591	912	6	with	with	ADP
iiclr-17591	912	7	the	the	DET
iiclr-17591	912	8	diligence	diligence	NOUN
iiclr-17591	912	9	of	of	ADP
iiclr-17591	912	10	a	a	DET
iiclr-17591	912	11	prudent	prudent	ADJ
iiclr-17591	912	12	person.99	person.99	NOUN
iiclr-17591	912	13	the	the	DET
iiclr-17591	912	14	law	law	NOUN
iiclr-17591	912	15	does	do	AUX
iiclr-17591	912	16	not	not	PART
iiclr-17591	912	17	explicitly	explicitly	ADV
iiclr-17591	912	18	impose	impose	VERB
iiclr-17591	912	19	a	a	DET
iiclr-17591	912	20	duty	duty	NOUN
iiclr-17591	912	21	of	of	ADP
iiclr-17591	912	22	diligence	diligence	NOUN
iiclr-17591	912	23	and	and	CCONJ
iiclr-17591	912	24	a	a	DET
iiclr-17591	912	25	duty	duty	NOUN
iiclr-17591	912	26	of	of	ADP
iiclr-17591	912	27	good	good	ADJ
iiclr-17591	912	28	faith	faith	NOUN
iiclr-17591	912	29	,	,	PUNCT
iiclr-17591	912	30	but	but	CCONJ
iiclr-17591	912	31	both	both	PRON
iiclr-17591	912	32	are	be	AUX
iiclr-17591	912	33	obviously	obviously	ADV
iiclr-17591	912	34	considered	consider	VERB
iiclr-17591	912	35	by	by	ADP
iiclr-17591	912	36	the	the	DET
iiclr-17591	912	37	courts	court	NOUN
iiclr-17591	912	38	.	.	PUNCT
iiclr-17591	913	1	cases	case	NOUN
iiclr-17591	913	2	concerning	concern	VERB
iiclr-17591	913	3	directors	director	NOUN
iiclr-17591	913	4	'	'	PART
iiclr-17591	913	5	liability	liability	NOUN
iiclr-17591	913	6	can	can	AUX
iiclr-17591	913	7	be	be	AUX
iiclr-17591	913	8	classified	classify	VERB
iiclr-17591	913	9	as	as	SCONJ
iiclr-17591	913	10	follows	follow	VERB
iiclr-17591	913	11	:	:	PUNCT
iiclr-17591	913	12	"	"	PUNCT
iiclr-17591	913	13	°	°	NOUN
iiclr-17591	913	14	°	°	NOUN
iiclr-17591	913	15	(	(	PUNCT
iiclr-17591	913	16	a	a	DET
iiclr-17591	913	17	)	)	PUNCT
iiclr-17591	913	18	cases	case	NOUN
iiclr-17591	913	19	finding	find	VERB
iiclr-17591	913	20	that	that	SCONJ
iiclr-17591	913	21	directors	director	NOUN
iiclr-17591	913	22	violated	violate	VERB
iiclr-17591	913	23	specific	specific	ADJ
iiclr-17591	913	24	duties	duty	NOUN
iiclr-17591	913	25	,	,	PUNCT
iiclr-17591	913	26	set	set	VERB
iiclr-17591	913	27	by	by	ADP
iiclr-17591	913	28	the	the	DET
iiclr-17591	913	29	law	law	NOUN
iiclr-17591	913	30	or	or	CCONJ
iiclr-17591	913	31	the	the	DET
iiclr-17591	913	32	charter	charter	NOUN
iiclr-17591	913	33	.	.	PUNCT
iiclr-17591	914	1	here	here	ADV
iiclr-17591	914	2	the	the	DET
iiclr-17591	914	3	courts	court	NOUN
iiclr-17591	914	4	often	often	ADV
iiclr-17591	914	5	impose	impose	VERB
iiclr-17591	914	6	liability	liability	NOUN
iiclr-17591	914	7	for	for	ADP
iiclr-17591	914	8	the	the	DET
iiclr-17591	914	9	damages	damage	NOUN
iiclr-17591	914	10	actually	actually	ADV
iiclr-17591	914	11	derived	derive	VERB
iiclr-17591	914	12	from	from	ADP
iiclr-17591	914	13	the	the	DET
iiclr-17591	914	14	violations	violation	NOUN
iiclr-17591	914	15	,	,	PUNCT
iiclr-17591	914	16	under	under	ADP
iiclr-17591	914	17	a	a	DET
iiclr-17591	914	18	quasi	quasi	NOUN
iiclr-17591	914	19	-	-	ADJ
iiclr-17591	914	20	per	per	X
iiclr-17591	914	21	se	se	X
iiclr-17591	914	22	rule	rule	NOUN
iiclr-17591	914	23	.	.	PUNCT
iiclr-17591	914	24	'	'	PUNCT
iiclr-17591	915	1	0	0	NUM
iiclr-17591	915	2	'	'	NUM
iiclr-17591	915	3	98	98	NUM
iiclr-17591	915	4	.	.	PUNCT
iiclr-17591	916	1	this	this	PRON
iiclr-17591	916	2	can	can	AUX
iiclr-17591	916	3	be	be	AUX
iiclr-17591	916	4	read	read	VERB
iiclr-17591	916	5	between	between	ADP
iiclr-17591	916	6	the	the	DET
iiclr-17591	916	7	lines	line	NOUN
iiclr-17591	916	8	of	of	ADP
iiclr-17591	916	9	the	the	DET
iiclr-17591	916	10	official	official	ADJ
iiclr-17591	916	11	report	report	NOUN
iiclr-17591	916	12	of	of	ADP
iiclr-17591	916	13	the	the	DET
iiclr-17591	916	14	minister	minister	PROPN
iiclr-17591	916	15	of	of	ADP
iiclr-17591	916	16	justice	justice	NOUN
iiclr-17591	916	17	on	on	ADP
iiclr-17591	916	18	the	the	DET
iiclr-17591	916	19	civil	civil	ADJ
iiclr-17591	916	20	code	code	NOUN
iiclr-17591	916	21	,	,	PUNCT
iiclr-17591	916	22	§	§	PROPN
iiclr-17591	916	23	§	§	PROPN
iiclr-17591	916	24	172	172	NUM
iiclr-17591	916	25	-	-	SYM
iiclr-17591	916	26	74	74	NUM
iiclr-17591	916	27	(	(	PUNCT
iiclr-17591	916	28	see	see	VERB
iiclr-17591	916	29	infra	infra	NOUN
iiclr-17591	916	30	paragraph	paragraph	NOUN
iiclr-17591	916	31	v.c	v.c	PROPN
iiclr-17591	916	32	.	.	PROPN
iiclr-17591	916	33	)	)	PUNCT
iiclr-17591	916	34	.	.	PUNCT
iiclr-17591	917	1	the	the	DET
iiclr-17591	917	2	preclusion	preclusion	NOUN
iiclr-17591	917	3	of	of	ADP
iiclr-17591	917	4	shareholders	shareholder	NOUN
iiclr-17591	917	5	'	'	PART
iiclr-17591	917	6	direct	direct	ADJ
iiclr-17591	917	7	suits	suit	NOUN
iiclr-17591	917	8	against	against	ADP
iiclr-17591	917	9	directors	director	NOUN
iiclr-17591	917	10	goes	go	VERB
iiclr-17591	917	11	back	back	ADV
iiclr-17591	917	12	to	to	ADP
iiclr-17591	917	13	the	the	DET
iiclr-17591	917	14	second	second	ADJ
iiclr-17591	917	15	code	code	NOUN
iiclr-17591	917	16	of	of	ADP
iiclr-17591	917	17	commerce	commerce	NOUN
iiclr-17591	917	18	of	of	ADP
iiclr-17591	917	19	1882	1882	NUM
iiclr-17591	917	20	.	.	PUNCT
iiclr-17591	918	1	an	an	DET
iiclr-17591	918	2	influential	influential	ADJ
iiclr-17591	918	3	author	author	NOUN
iiclr-17591	918	4	of	of	ADP
iiclr-17591	918	5	the	the	DET
iiclr-17591	918	6	time	time	NOUN
iiclr-17591	918	7	,	,	PUNCT
iiclr-17591	918	8	approving	approve	VERB
iiclr-17591	918	9	such	such	ADJ
iiclr-17591	918	10	preclusion	preclusion	NOUN
iiclr-17591	918	11	,	,	PUNCT
iiclr-17591	918	12	described	describe	VERB
iiclr-17591	918	13	deplorable	deplorable	ADJ
iiclr-17591	918	14	maneuvers	maneuver	NOUN
iiclr-17591	918	15	and	and	CCONJ
iiclr-17591	918	16	settlements	settlement	NOUN
iiclr-17591	918	17	of	of	ADP
iiclr-17591	918	18	"	"	PUNCT
iiclr-17591	918	19	strike	strike	NOUN
iiclr-17591	918	20	suits	suit	NOUN
iiclr-17591	918	21	"	"	PUNCT
iiclr-17591	918	22	in	in	ADP
iiclr-17591	918	23	the	the	DET
iiclr-17591	918	24	years	year	NOUN
iiclr-17591	918	25	before	before	ADP
iiclr-17591	918	26	the	the	DET
iiclr-17591	918	27	reform	reform	NOUN
iiclr-17591	918	28	,	,	PUNCT
iiclr-17591	918	29	having	have	VERB
iiclr-17591	918	30	both	both	CCONJ
iiclr-17591	918	31	the	the	DET
iiclr-17591	918	32	effect	effect	NOUN
iiclr-17591	918	33	of	of	ADP
iiclr-17591	918	34	discouraging	discourage	VERB
iiclr-17591	918	35	good	good	ADJ
iiclr-17591	918	36	directors	director	NOUN
iiclr-17591	918	37	and	and	CCONJ
iiclr-17591	918	38	of	of	ADP
iiclr-17591	918	39	allowing	allow	VERB
iiclr-17591	918	40	the	the	DET
iiclr-17591	918	41	recovery	recovery	NOUN
iiclr-17591	918	42	to	to	PART
iiclr-17591	918	43	flow	flow	VERB
iiclr-17591	918	44	directly	directly	ADV
iiclr-17591	918	45	into	into	ADP
iiclr-17591	918	46	the	the	DET
iiclr-17591	918	47	pocket	pocket	NOUN
iiclr-17591	918	48	of	of	ADP
iiclr-17591	918	49	shareholders	shareholder	NOUN
iiclr-17591	918	50	(	(	PUNCT
iiclr-17591	918	51	it	it	PRON
iiclr-17591	918	52	is	be	AUX
iiclr-17591	918	53	the	the	DET
iiclr-17591	918	54	same	same	ADJ
iiclr-17591	918	55	problem	problem	NOUN
iiclr-17591	918	56	examined	examine	VERB
iiclr-17591	918	57	by	by	ADP
iiclr-17591	918	58	keenan	keenan	PROPN
iiclr-17591	918	59	v.	v.	PROPN
iiclr-17591	918	60	eshleman	eshleman	PROPN
iiclr-17591	918	61	,	,	PUNCT
iiclr-17591	918	62	194	194	NUM
iiclr-17591	918	63	a.	a.	NOUN
iiclr-17591	918	64	40	40	NUM
iiclr-17591	918	65	(	(	PUNCT
iiclr-17591	918	66	del	del	PROPN
iiclr-17591	918	67	.	.	PROPN
iiclr-17591	918	68	ch	ch	PROPN
iiclr-17591	918	69	.	.	PROPN
iiclr-17591	918	70	1937	1937	NUM
iiclr-17591	918	71	)	)	PUNCT
iiclr-17591	918	72	,	,	PUNCT
iiclr-17591	918	73	aff'd	aff'd	VERB
iiclr-17591	918	74	2	2	NUM
iiclr-17591	918	75	a.2d	a.2d	SYM
iiclr-17591	918	76	904	904	NUM
iiclr-17591	918	77	(	(	PUNCT
iiclr-17591	918	78	del	del	PROPN
iiclr-17591	918	79	.	.	PROPN
iiclr-17591	918	80	1938	1938	NUM
iiclr-17591	918	81	)	)	PUNCT
iiclr-17591	918	82	):	):	PUNCT
iiclr-17591	918	83	2	2	NUM
iiclr-17591	918	84	cesare	cesare	PROPN
iiclr-17591	918	85	vivante	vivante	NOUN
iiclr-17591	918	86	,	,	PUNCT
iiclr-17591	918	87	trattato	trattato	PROPN
iiclr-17591	918	88	di	di	NOUN
iiclr-17591	918	89	dirrro	dirrro	PROPN
iiclr-17591	918	90	commerciale	commerciale	PROPN
iiclr-17591	918	91	471	471	PROPN
iiclr-17591	918	92	-	-	SYM
iiclr-17591	918	93	72	72	NUM
iiclr-17591	918	94	(	(	PUNCT
iiclr-17591	918	95	4th	4th	ADJ
iiclr-17591	918	96	ed	ed	NOUN
iiclr-17591	918	97	.	.	PROPN
iiclr-17591	918	98	1912	1912	NUM
iiclr-17591	918	99	)	)	PUNCT
iiclr-17591	918	100	.	.	PUNCT
iiclr-17591	919	1	99	99	NUM
iiclr-17591	919	2	.	.	PUNCT
iiclr-17591	920	1	c.c	c.c	PROPN
iiclr-17591	920	2	.	.	PROPN
iiclr-17591	920	3	art	art	NOUN
iiclr-17591	920	4	.	.	PUNCT
iiclr-17591	921	1	2392(1	2392(1	NOUN
iiclr-17591	921	2	)	)	PUNCT
iiclr-17591	921	3	(	(	PUNCT
iiclr-17591	921	4	italy	italy	PROPN
iiclr-17591	921	5	)	)	PUNCT
iiclr-17591	921	6	,	,	PUNCT
iiclr-17591	921	7	remanding	remand	VERB
iiclr-17591	921	8	to	to	ADP
iiclr-17591	921	9	c.c	c.c	PROPN
iiclr-17591	921	10	.	.	PROPN
iiclr-17591	921	11	art	art	PROPN
iiclr-17591	921	12	.	.	PUNCT
iiclr-17591	922	1	1710	1710	NUM
iiclr-17591	922	2	(	(	PUNCT
iiclr-17591	922	3	italy	italy	PROPN
iiclr-17591	922	4	)	)	PUNCT
iiclr-17591	922	5	.	.	PUNCT
iiclr-17591	923	1	the	the	DET
iiclr-17591	923	2	civil	civil	PROPN
iiclr-17591	923	3	code	code	NOUN
iiclr-17591	923	4	pays	pay	VERB
iiclr-17591	923	5	tribute	tribute	NOUN
iiclr-17591	923	6	to	to	ADP
iiclr-17591	923	7	the	the	DET
iiclr-17591	923	8	roman	roman	ADJ
iiclr-17591	923	9	tradition	tradition	NOUN
iiclr-17591	923	10	in	in	ADP
iiclr-17591	923	11	adopting	adopt	VERB
iiclr-17591	923	12	the	the	DET
iiclr-17591	923	13	standard	standard	NOUN
iiclr-17591	923	14	of	of	ADP
iiclr-17591	923	15	the	the	DET
iiclr-17591	923	16	"	"	PUNCT
iiclr-17591	923	17	good	good	ADJ
iiclr-17591	923	18	father	father	NOUN
iiclr-17591	923	19	of	of	ADP
iiclr-17591	923	20	a	a	DET
iiclr-17591	923	21	family	family	NOUN
iiclr-17591	923	22	"	"	PUNCT
iiclr-17591	923	23	(	(	PUNCT
iiclr-17591	923	24	"	"	PUNCT
iiclr-17591	923	25	bonus	bonus	NOUN
iiclr-17591	923	26	paterfamilias	paterfamilia	NOUN
iiclr-17591	923	27	"	"	PUNCT
iiclr-17591	923	28	)	)	PUNCT
iiclr-17591	923	29	.	.	PUNCT
iiclr-17591	924	1	apart	apart	ADV
iiclr-17591	924	2	from	from	ADP
iiclr-17591	924	3	sexist	sexist	ADJ
iiclr-17591	924	4	concerns	concern	NOUN
iiclr-17591	924	5	,	,	PUNCT
iiclr-17591	924	6	totally	totally	ADV
iiclr-17591	924	7	absent	absent	ADJ
iiclr-17591	924	8	when	when	SCONJ
iiclr-17591	924	9	the	the	DET
iiclr-17591	924	10	civil	civil	ADJ
iiclr-17591	924	11	code	code	NOUN
iiclr-17591	924	12	was	be	AUX
iiclr-17591	924	13	enacted	enact	VERB
iiclr-17591	924	14	,	,	PUNCT
iiclr-17591	924	15	courts	court	NOUN
iiclr-17591	924	16	have	have	AUX
iiclr-17591	924	17	sometimes	sometimes	ADV
iiclr-17591	924	18	tried	try	VERB
iiclr-17591	924	19	expressly	expressly	ADV
iiclr-17591	924	20	to	to	PART
iiclr-17591	924	21	correct	correct	VERB
iiclr-17591	924	22	the	the	DET
iiclr-17591	924	23	standard	standard	NOUN
iiclr-17591	924	24	,	,	PUNCT
iiclr-17591	924	25	resorting	resort	VERB
iiclr-17591	924	26	to	to	ADP
iiclr-17591	924	27	that	that	PRON
iiclr-17591	924	28	of	of	ADP
iiclr-17591	924	29	a	a	DET
iiclr-17591	924	30	normally	normally	ADV
iiclr-17591	924	31	skilled	skilled	ADJ
iiclr-17591	924	32	entrepreneur	entrepreneur	NOUN
iiclr-17591	924	33	,	,	PUNCT
iiclr-17591	924	34	mindful	mindful	ADJ
iiclr-17591	924	35	of	of	ADP
iiclr-17591	924	36	the	the	DET
iiclr-17591	924	37	complexity	complexity	NOUN
iiclr-17591	924	38	of	of	ADP
iiclr-17591	924	39	business	business	NOUN
iiclr-17591	924	40	management	management	NOUN
iiclr-17591	924	41	(	(	PUNCT
iiclr-17591	924	42	judgment	judgment	NOUN
iiclr-17591	924	43	of	of	ADP
iiclr-17591	924	44	june	june	PROPN
iiclr-17591	924	45	26	26	NUM
iiclr-17591	924	46	,	,	PUNCT
iiclr-17591	924	47	1989	1989	NUM
iiclr-17591	924	48	,	,	PUNCT
iiclr-17591	924	49	tribunal	tribunal	NOUN
iiclr-17591	924	50	of	of	ADP
iiclr-17591	924	51	milan	milan	PROPN
iiclr-17591	924	52	,	,	PUNCT
iiclr-17591	924	53	1990	1990	NUM
iiclr-17591	924	54	giurjsprudenza	giurjsprudenza	NOUN
iiclr-17591	924	55	commerciale	commerciale	PROPN
iiclr-17591	924	56	ii	ii	PROPN
iiclr-17591	924	57	,	,	PUNCT
iiclr-17591	924	58	122	122	NUM
iiclr-17591	924	59	)	)	PUNCT
iiclr-17591	924	60	.	.	PUNCT
iiclr-17591	925	1	implicitly	implicitly	ADV
iiclr-17591	925	2	,	,	PUNCT
iiclr-17591	925	3	however	however	ADV
iiclr-17591	925	4	,	,	PUNCT
iiclr-17591	925	5	they	they	PRON
iiclr-17591	925	6	have	have	AUX
iiclr-17591	925	7	always	always	ADV
iiclr-17591	925	8	adopted	adopt	VERB
iiclr-17591	925	9	it	it	PRON
iiclr-17591	925	10	,	,	PUNCT
iiclr-17591	925	11	by	by	ADP
iiclr-17591	925	12	refusing	refuse	VERB
iiclr-17591	925	13	to	to	PART
iiclr-17591	925	14	consider	consider	VERB
iiclr-17591	925	15	ignorance	ignorance	NOUN
iiclr-17591	925	16	of	of	ADP
iiclr-17591	925	17	business	business	NOUN
iiclr-17591	925	18	and	and	CCONJ
iiclr-17591	925	19	corporate	corporate	ADJ
iiclr-17591	925	20	law	law	NOUN
iiclr-17591	925	21	a	a	DET
iiclr-17591	925	22	valid	valid	ADJ
iiclr-17591	925	23	excuse	excuse	NOUN
iiclr-17591	925	24	from	from	ADP
iiclr-17591	925	25	liability	liability	NOUN
iiclr-17591	925	26	(	(	PUNCT
iiclr-17591	925	27	even	even	ADV
iiclr-17591	925	28	criminal	criminal	ADJ
iiclr-17591	925	29	liability	liability	NOUN
iiclr-17591	925	30	,	,	PUNCT
iiclr-17591	925	31	in	in	ADP
iiclr-17591	925	32	the	the	DET
iiclr-17591	925	33	case	case	NOUN
iiclr-17591	925	34	of	of	ADP
iiclr-17591	925	35	bankruptcy	bankruptcy	NOUN
iiclr-17591	925	36	)	)	PUNCT
iiclr-17591	925	37	.	.	PUNCT
iiclr-17591	926	1	on	on	ADP
iiclr-17591	926	2	the	the	DET
iiclr-17591	926	3	problem	problem	NOUN
iiclr-17591	926	4	of	of	ADP
iiclr-17591	926	5	judicial	judicial	ADJ
iiclr-17591	926	6	evolution	evolution	NOUN
iiclr-17591	926	7	,	,	PUNCT
iiclr-17591	926	8	or	or	CCONJ
iiclr-17591	926	9	lack	lack	NOUN
iiclr-17591	926	10	thereof	thereof	ADV
iiclr-17591	926	11	,	,	PUNCT
iiclr-17591	926	12	of	of	ADP
iiclr-17591	926	13	the	the	DET
iiclr-17591	926	14	civil	civil	ADJ
iiclr-17591	926	15	code	code	NOUN
iiclr-17591	926	16	standard	standard	NOUN
iiclr-17591	926	17	see	see	VERB
iiclr-17591	926	18	alessandro	alessandro	PROPN
iiclr-17591	926	19	arrigoni	arrigoni	NOUN
iiclr-17591	926	20	,	,	PUNCT
iiclr-17591	926	21	la	la	PROPN
iiclr-17591	926	22	responsabiitt	responsabiitt	PROPN
iiclr-17591	926	23	sociale	sociale	PROPN
iiclr-17591	926	24	degli	degli	PROPN
iiclr-17591	926	25	amministratori	amministratori	PROPN
iiclr-17591	926	26	tra	tra	PROPN
iiclr-17591	926	27	regale	regale	PROPN
iiclr-17591	926	28	e	e	PROPN
iiclr-17591	926	29	ptincipi	ptincipi	NOUN
iiclr-17591	926	30	,	,	PUNCT
iiclr-17591	926	31	1990	1990	NUM
iiclr-17591	926	32	giurisprudenza	giurisprudenza	PROPN
iiclr-17591	926	33	commerciale	commerciale	PROPN
iiclr-17591	926	34	ii	ii	PROPN
iiclr-17591	926	35	,	,	PUNCT
iiclr-17591	926	36	122	122	NUM
iiclr-17591	926	37	(	(	PUNCT
iiclr-17591	926	38	note	note	NOUN
iiclr-17591	926	39	to	to	ADP
iiclr-17591	926	40	tribunal	tribunal	NOUN
iiclr-17591	926	41	of	of	ADP
iiclr-17591	926	42	milan	milan	PROPN
iiclr-17591	926	43	,	,	PUNCT
iiclr-17591	926	44	judgment	judgment	NOUN
iiclr-17591	926	45	of	of	ADP
iiclr-17591	926	46	june	june	PROPN
iiclr-17591	926	47	26	26	NUM
iiclr-17591	926	48	,	,	PUNCT
iiclr-17591	926	49	1989	1989	NUM
iiclr-17591	926	50	)	)	PUNCT
iiclr-17591	926	51	.	.	PUNCT
iiclr-17591	927	1	100	100	NUM
iiclr-17591	927	2	.	.	X
iiclr-17591	927	3	boneaij	boneaij	NOUN
iiclr-17591	927	4	,	,	PUNCT
iiclr-17591	927	5	supra	supra	PROPN
iiclr-17591	927	6	note	note	NOUN
iiclr-17591	927	7	90	90	NUM
iiclr-17591	927	8	,	,	PUNCT
iiclr-17591	927	9	at	at	ADP
iiclr-17591	927	10	10	10	NUM
iiclr-17591	927	11	-	-	SYM
iiclr-17591	927	12	109	109	NUM
iiclr-17591	927	13	(	(	PUNCT
iiclr-17591	927	14	valuable	valuable	ADJ
iiclr-17591	927	15	and	and	CCONJ
iiclr-17591	927	16	careful	careful	ADJ
iiclr-17591	927	17	review	review	NOUN
iiclr-17591	927	18	of	of	ADP
iiclr-17591	927	19	virtually	virtually	ADV
iiclr-17591	927	20	all	all	PRON
iiclr-17591	927	21	cases	case	NOUN
iiclr-17591	927	22	concerning	concern	VERB
iiclr-17591	927	23	directors	director	NOUN
iiclr-17591	927	24	'	'	PART
iiclr-17591	927	25	liability	liability	NOUN
iiclr-17591	927	26	from	from	ADP
iiclr-17591	927	27	1942	1942	NUM
iiclr-17591	927	28	to	to	ADP
iiclr-17591	927	29	date	date	NOUN
iiclr-17591	927	30	)	)	PUNCT
iiclr-17591	927	31	.	.	PUNCT
iiclr-17591	928	1	101	101	NUM
iiclr-17591	928	2	.	.	PUNCT
iiclr-17591	929	1	typical	typical	ADJ
iiclr-17591	929	2	examples	example	NOUN
iiclr-17591	929	3	are	be	AUX
iiclr-17591	929	4	falsification	falsification	NOUN
iiclr-17591	929	5	of	of	ADP
iiclr-17591	929	6	book	book	NOUN
iiclr-17591	929	7	entries	entry	NOUN
iiclr-17591	929	8	or	or	CCONJ
iiclr-17591	929	9	the	the	DET
iiclr-17591	929	10	preparation	preparation	NOUN
iiclr-17591	929	11	of	of	ADP
iiclr-17591	929	12	financial	financial	ADJ
iiclr-17591	929	13	statements	statement	NOUN
iiclr-17591	929	14	in	in	ADP
iiclr-17591	929	15	violation	violation	NOUN
iiclr-17591	929	16	of	of	ADP
iiclr-17591	929	17	the	the	DET
iiclr-17591	929	18	law	law	NOUN
iiclr-17591	929	19	or	or	CCONJ
iiclr-17591	929	20	the	the	DET
iiclr-17591	929	21	accounting	accounting	NOUN
iiclr-17591	929	22	principles	principle	NOUN
iiclr-17591	929	23	,	,	PUNCT
iiclr-17591	929	24	first	first	ADJ
iiclr-17591	929	25	steps	step	NOUN
iiclr-17591	929	26	of	of	ADP
iiclr-17591	929	27	a	a	DET
iiclr-17591	929	28	pattern	pattern	NOUN
iiclr-17591	929	29	usually	usually	ADV
iiclr-17591	929	30	ending	end	VERB
iiclr-17591	929	31	in	in	ADP
iiclr-17591	929	32	bankruptcy	bankruptcy	NOUN
iiclr-17591	929	33	.	.	PUNCT
iiclr-17591	930	1	if	if	SCONJ
iiclr-17591	930	2	the	the	DET
iiclr-17591	930	3	amount	amount	NOUN
iiclr-17591	930	4	of	of	ADP
iiclr-17591	930	5	assets	asset	NOUN
iiclr-17591	930	6	falls	fall	VERB
iiclr-17591	930	7	below	below	ADP
iiclr-17591	930	8	the	the	DET
iiclr-17591	930	9	amount	amount	NOUN
iiclr-17591	930	10	of	of	ADP
iiclr-17591	930	11	liabilities	liability	NOUN
iiclr-17591	930	12	(	(	PUNCT
iiclr-17591	930	13	or	or	CCONJ
iiclr-17591	930	14	if	if	SCONJ
iiclr-17591	930	15	the	the	DET
iiclr-17591	930	16	difference	difference	NOUN
iiclr-17591	930	17	is	be	AUX
iiclr-17591	930	18	positive	positive	ADJ
iiclr-17591	930	19	,	,	PUNCT
iiclr-17591	930	20	but	but	CCONJ
iiclr-17591	930	21	less	less	ADJ
iiclr-17591	930	22	than	than	ADP
iiclr-17591	930	23	two	two	NUM
iiclr-17591	930	24	-	-	PUNCT
iiclr-17591	930	25	thirds	third	NOUN
iiclr-17591	930	26	of	of	ADP
iiclr-17591	930	27	the	the	DET
iiclr-17591	930	28	capital	capital	NOUN
iiclr-17591	930	29	stated	state	VERB
iiclr-17591	930	30	in	in	ADP
iiclr-17591	930	31	the	the	DET
iiclr-17591	930	32	charter	charter	NOUN
iiclr-17591	930	33	and	and	CCONJ
iiclr-17591	930	34	less	less	ADJ
iiclr-17591	930	35	than	than	ADP
iiclr-17591	930	36	200	200	NUM
iiclr-17591	930	37	million	million	NUM
iiclr-17591	930	38	liras	lira	NOUN
iiclr-17591	930	39	)	)	PUNCT
iiclr-17591	930	40	,	,	PUNCT
iiclr-17591	930	41	directors	director	NOUN
iiclr-17591	930	42	can	can	AUX
iiclr-17591	930	43	not	not	PART
iiclr-17591	930	44	start	start	VERB
iiclr-17591	930	45	new	new	ADJ
iiclr-17591	930	46	operations	operation	NOUN
iiclr-17591	930	47	and	and	CCONJ
iiclr-17591	930	48	are	be	AUX
iiclr-17591	930	49	required	require	VERB
iiclr-17591	930	50	to	to	PART
iiclr-17591	930	51	call	call	VERB
iiclr-17591	930	52	a	a	DET
iiclr-17591	930	53	shareholders	shareholder	NOUN
iiclr-17591	930	54	'	'	PART
iiclr-17591	930	55	meeting	meeting	NOUN
iiclr-17591	930	56	(	(	PUNCT
iiclr-17591	930	57	civil	civil	ADJ
iiclr-17591	930	58	code	code	NOUN
iiclr-17591	930	59	art	art	NOUN
iiclr-17591	930	60	.	.	PUNCT
iiclr-17591	931	1	2447	2447	NUM
iiclr-17591	931	2	(	(	PUNCT
iiclr-17591	931	3	italy	italy	PROPN
iiclr-17591	931	4	)	)	PUNCT
iiclr-17591	931	5	)	)	PUNCT
iiclr-17591	931	6	.	.	PUNCT
iiclr-17591	932	1	if	if	SCONJ
iiclr-17591	932	2	they	they	PRON
iiclr-17591	932	3	instead	instead	ADV
iiclr-17591	932	4	keep	keep	VERB
iiclr-17591	932	5	on	on	ADP
iiclr-17591	932	6	assuming	assume	VERB
iiclr-17591	932	7	new	new	ADJ
iiclr-17591	932	8	risks	risk	NOUN
iiclr-17591	932	9	,	,	PUNCT
iiclr-17591	932	10	they	they	PRON
iiclr-17591	932	11	become	become	VERB
iiclr-17591	932	12	jointly	jointly	ADV
iiclr-17591	932	13	and	and	CCONJ
iiclr-17591	932	14	severally	severally	ADV
iiclr-17591	932	15	liable	liable	ADJ
iiclr-17591	932	16	for	for	ADP
iiclr-17591	932	17	them	they	PRON
iiclr-17591	932	18	(	(	PUNCT
iiclr-17591	932	19	both	both	CCONJ
iiclr-17591	932	20	toward	toward	ADP
iiclr-17591	932	21	the	the	DET
iiclr-17591	932	22	company	company	NOUN
iiclr-17591	932	23	and	and	CCONJ
iiclr-17591	932	24	the	the	DET
iiclr-17591	932	25	contracting	contracting	NOUN
iiclr-17591	932	26	parties	party	NOUN
iiclr-17591	932	27	)	)	PUNCT
iiclr-17591	932	28	(	(	PUNCT
iiclr-17591	932	29	c.c	c.c	PROPN
iiclr-17591	932	30	.	.	PROPN
iiclr-17591	932	31	art	art	NOUN
iiclr-17591	932	32	.	.	PUNCT
iiclr-17591	933	1	2449	2449	NUM
iiclr-17591	933	2	(	(	PUNCT
iiclr-17591	933	3	italy	italy	PROPN
iiclr-17591	933	4	)	)	PUNCT
iiclr-17591	933	5	)	)	PUNCT
iiclr-17591	933	6	.	.	PUNCT
iiclr-17591	934	1	often	often	ADV
iiclr-17591	934	2	directors	director	NOUN
iiclr-17591	934	3	,	,	PUNCT
iiclr-17591	934	4	for	for	ADP
iiclr-17591	934	5	reasons	reason	NOUN
iiclr-17591	934	6	of	of	ADP
iiclr-17591	934	7	negligence	negligence	NOUN
iiclr-17591	934	8	or	or	CCONJ
iiclr-17591	934	9	worse	bad	ADJ
iiclr-17591	934	10	,	,	PUNCT
iiclr-17591	934	11	omit	omit	VERB
iiclr-17591	934	12	disclosing	disclose	VERB
iiclr-17591	934	13	the	the	DET
iiclr-17591	934	14	financial	financial	ADJ
iiclr-17591	934	15	crisis	crisis	NOUN
iiclr-17591	934	16	or	or	CCONJ
iiclr-17591	934	17	take	take	VERB
iiclr-17591	934	18	steps	step	NOUN
iiclr-17591	934	19	to	to	PART
iiclr-17591	934	20	positively	positively	ADV
iiclr-17591	934	21	conceal	conceal	VERB
iiclr-17591	934	22	it	it	PRON
iiclr-17591	934	23	.	.	PUNCT
iiclr-17591	935	1	1995	1995	NUM
iiclr-17591	935	2	]	]	PUNCT
iiclr-17591	935	3	.	.	PUNCT
iiclr-17591	936	1	ind	ind	NOUN
iiclr-17591	936	2	.	.	PUNCT
iiclr-17591	937	1	int'l	int'l	PROPN
iiclr-17591	937	2	&	&	CCONJ
iiclr-17591	937	3	comp	comp	PROPN
iiclr-17591	937	4	.	.	PUNCT
iiclr-17591	938	1	l	l	PROPN
iiclr-17591	938	2	rev	rev	PROPN
iiclr-17591	938	3	.	.	PUNCT
iiclr-17591	939	1	(	(	PUNCT
iiclr-17591	939	2	b	b	X
iiclr-17591	939	3	)	)	PUNCT
iiclr-17591	939	4	cases	case	NOUN
iiclr-17591	939	5	finding	find	VERB
iiclr-17591	939	6	that	that	SCONJ
iiclr-17591	939	7	directors	director	NOUN
iiclr-17591	939	8	acted	act	VERB
iiclr-17591	939	9	negligently	negligently	ADV
iiclr-17591	939	10	.	.	PUNCT
iiclr-17591	940	1	such	such	ADJ
iiclr-17591	940	2	cases	case	NOUN
iiclr-17591	940	3	are	be	AUX
iiclr-17591	940	4	not	not	PART
iiclr-17591	940	5	very	very	ADV
iiclr-17591	940	6	common	common	ADJ
iiclr-17591	940	7	:	:	PUNCT
iiclr-17591	940	8	courts	court	NOUN
iiclr-17591	940	9	usually	usually	ADV
iiclr-17591	940	10	affirm	affirm	VERB
iiclr-17591	940	11	their	their	PRON
iiclr-17591	940	12	willingness	willingness	NOUN
iiclr-17591	940	13	not	not	PART
iiclr-17591	940	14	to	to	PART
iiclr-17591	940	15	interfere	interfere	VERB
iiclr-17591	940	16	in	in	ADP
iiclr-17591	940	17	business	business	NOUN
iiclr-17591	940	18	decisions	decision	NOUN
iiclr-17591	940	19	,	,	PUNCT
iiclr-17591	940	20	even	even	ADV
iiclr-17591	940	21	though	though	SCONJ
iiclr-17591	940	22	they	they	PRON
iiclr-17591	940	23	have	have	AUX
iiclr-17591	940	24	not	not	PART
iiclr-17591	940	25	developed	develop	VERB
iiclr-17591	940	26	a	a	DET
iiclr-17591	940	27	complete	complete	ADJ
iiclr-17591	940	28	and	and	CCONJ
iiclr-17591	940	29	consciously	consciously	ADV
iiclr-17591	940	30	applied	apply	VERB
iiclr-17591	940	31	"	"	PUNCT
iiclr-17591	940	32	business	business	NOUN
iiclr-17591	940	33	judgment	judgment	NOUN
iiclr-17591	940	34	rule	rule	NOUN
iiclr-17591	940	35	.	.	PUNCT
iiclr-17591	941	1	"'0	"'0	NOUN
iiclr-17591	941	2	°	°	ADP
iiclr-17591	941	3	when	when	SCONJ
iiclr-17591	941	4	the	the	DET
iiclr-17591	941	5	courts	court	NOUN
iiclr-17591	941	6	do	do	AUX
iiclr-17591	941	7	find	find	VERB
iiclr-17591	941	8	directors	director	NOUN
iiclr-17591	941	9	liable	liable	ADJ
iiclr-17591	941	10	,	,	PUNCT
iiclr-17591	941	11	it	it	PRON
iiclr-17591	941	12	is	be	AUX
iiclr-17591	941	13	often	often	ADV
iiclr-17591	941	14	possible	possible	ADJ
iiclr-17591	941	15	to	to	PART
iiclr-17591	941	16	read	read	VERB
iiclr-17591	941	17	some	some	DET
iiclr-17591	941	18	kind	kind	NOUN
iiclr-17591	941	19	of	of	ADP
iiclr-17591	941	20	interested	interested	ADJ
iiclr-17591	941	21	directors	director	NOUN
iiclr-17591	941	22	'	'	PART
iiclr-17591	941	23	conduct	conduct	NOUN
iiclr-17591	941	24	between	between	ADP
iiclr-17591	941	25	the	the	DET
iiclr-17591	941	26	lines	line	NOUN
iiclr-17591	941	27	,	,	PUNCT
iiclr-17591	941	28	which	which	PRON
iiclr-17591	941	29	the	the	DET
iiclr-17591	941	30	plaintiff	plaintiff	NOUN
iiclr-17591	941	31	has	have	AUX
iiclr-17591	941	32	been	be	AUX
iiclr-17591	941	33	unable	unable	ADJ
iiclr-17591	941	34	to	to	PART
iiclr-17591	941	35	establish	establish	VERB
iiclr-17591	941	36	with	with	ADP
iiclr-17591	941	37	absolute	absolute	ADJ
iiclr-17591	941	38	certainty	certainty	NOUN
iiclr-17591	941	39	.	.	PUNCT
iiclr-17591	942	1	"i	"i	PROPN
iiclr-17591	942	2	(	(	PUNCT
iiclr-17591	942	3	c	c	X
iiclr-17591	942	4	)	)	PUNCT
iiclr-17591	942	5	cases	case	NOUN
iiclr-17591	942	6	finding	find	VERB
iiclr-17591	942	7	that	that	SCONJ
iiclr-17591	942	8	directors	director	NOUN
iiclr-17591	942	9	acted	act	VERB
iiclr-17591	942	10	in	in	ADP
iiclr-17591	942	11	conflict	conflict	NOUN
iiclr-17591	942	12	of	of	ADP
iiclr-17591	942	13	interest	interest	NOUN
iiclr-17591	942	14	with	with	ADP
iiclr-17591	942	15	the	the	DET
iiclr-17591	942	16	company	company	NOUN
iiclr-17591	942	17	.	.	PUNCT
iiclr-17591	943	1	in	in	ADP
iiclr-17591	943	2	these	these	DET
iiclr-17591	943	3	cases	case	NOUN
iiclr-17591	943	4	,	,	PUNCT
iiclr-17591	943	5	the	the	DET
iiclr-17591	943	6	courts	court	NOUN
iiclr-17591	943	7	and	and	CCONJ
iiclr-17591	943	8	,	,	PUNCT
iiclr-17591	943	9	in	in	ADP
iiclr-17591	943	10	some	some	DET
iiclr-17591	943	11	circumstances	circumstance	NOUN
iiclr-17591	943	12	,	,	PUNCT
iiclr-17591	943	13	the	the	DET
iiclr-17591	943	14	law	law	NOUN
iiclr-17591	943	15	itself	itself	PRON
iiclr-17591	943	16	impose	impose	VERB
iiclr-17591	943	17	strict	strict	ADJ
iiclr-17591	943	18	liability	liability	NOUN
iiclr-17591	943	19	for	for	ADP
iiclr-17591	943	20	the	the	DET
iiclr-17591	943	21	resulting	result	VERB
iiclr-17591	943	22	damages	damage	NOUN
iiclr-17591	943	23	,	,	PUNCT
iiclr-17591	943	24	if	if	SCONJ
iiclr-17591	943	25	any	any	PRON
iiclr-17591	943	26	.	.	NOUN
iiclr-17591	943	27	0	0	NUM
iiclr-17591	944	1	4	4	NUM
iiclr-17591	944	2	such	such	ADJ
iiclr-17591	944	3	cases	case	NOUN
iiclr-17591	944	4	are	be	AUX
iiclr-17591	944	5	an	an	DET
iiclr-17591	944	6	overwhelming	overwhelming	ADJ
iiclr-17591	944	7	majority	majority	NOUN
iiclr-17591	944	8	of	of	ADP
iiclr-17591	944	9	the	the	DET
iiclr-17591	944	10	total	total	NOUN
iiclr-17591	944	11	:	:	PUNCT
iiclr-17591	944	12	some	some	PRON
iiclr-17591	944	13	of	of	ADP
iiclr-17591	944	14	them	they	PRON
iiclr-17591	944	15	deal	deal	VERB
iiclr-17591	944	16	with	with	ADP
iiclr-17591	944	17	borderline	borderline	NOUN
iiclr-17591	944	18	questions	question	NOUN
iiclr-17591	944	19	(	(	PUNCT
iiclr-17591	944	20	e.g.	e.g.	ADV
iiclr-17591	944	21	,	,	PUNCT
iiclr-17591	944	22	parent	parent	NOUN
iiclr-17591	944	23	-	-	PUNCT
iiclr-17591	944	24	subsidiary	subsidiary	NOUN
iiclr-17591	944	25	relationship	relationship	NOUN
iiclr-17591	944	26	,	,	PUNCT
iiclr-17591	944	27	corporate	corporate	ADJ
iiclr-17591	944	28	group	group	NOUN
iiclr-17591	944	29	policy),'0	policy),'0	PROPN
iiclr-17591	944	30	5	5	NUM
iiclr-17591	944	31	most	most	ADJ
iiclr-17591	944	32	of	of	ADP
iiclr-17591	944	33	them	they	PRON
iiclr-17591	944	34	102	102	NUM
iiclr-17591	944	35	.	.	NOUN
iiclr-17591	944	36	1	1	NUM
iiclr-17591	944	37	dissent	dissent	NOUN
iiclr-17591	944	38	in	in	ADP
iiclr-17591	944	39	part	part	NOUN
iiclr-17591	944	40	from	from	ADP
iiclr-17591	944	41	bonelli	bonelli	PROPN
iiclr-17591	944	42	,	,	PUNCT
iiclr-17591	944	43	supra	supra	PROPN
iiclr-17591	944	44	note	note	NOUN
iiclr-17591	944	45	90	90	NUM
iiclr-17591	944	46	,	,	PUNCT
iiclr-17591	944	47	at	at	ADP
iiclr-17591	944	48	63	63	NUM
iiclr-17591	944	49	-	-	SYM
iiclr-17591	944	50	66	66	NUM
iiclr-17591	944	51	&	&	CCONJ
iiclr-17591	944	52	n.117	n.117	NOUN
iiclr-17591	944	53	.	.	PUNCT
iiclr-17591	945	1	italian	italian	ADJ
iiclr-17591	945	2	courts	court	NOUN
iiclr-17591	945	3	,	,	PUNCT
iiclr-17591	945	4	whether	whether	SCONJ
iiclr-17591	945	5	right	right	ADJ
iiclr-17591	945	6	or	or	CCONJ
iiclr-17591	945	7	wrong	wrong	ADJ
iiclr-17591	945	8	,	,	PUNCT
iiclr-17591	945	9	usually	usually	ADV
iiclr-17591	945	10	stress	stress	VERB
iiclr-17591	945	11	only	only	ADV
iiclr-17591	945	12	their	their	PRON
iiclr-17591	945	13	refusal	refusal	NOUN
iiclr-17591	945	14	to	to	PART
iiclr-17591	945	15	substitute	substitute	VERB
iiclr-17591	945	16	their	their	PRON
iiclr-17591	945	17	judgment	judgment	NOUN
iiclr-17591	945	18	for	for	ADP
iiclr-17591	945	19	the	the	DET
iiclr-17591	945	20	directors	director	NOUN
iiclr-17591	945	21	'	'	PART
iiclr-17591	945	22	as	as	ADP
iiclr-17591	945	23	to	to	ADP
iiclr-17591	945	24	the	the	DET
iiclr-17591	945	25	result	result	NOUN
iiclr-17591	945	26	;	;	PUNCT
iiclr-17591	945	27	they	they	PRON
iiclr-17591	945	28	do	do	AUX
iiclr-17591	945	29	not	not	PART
iiclr-17591	945	30	insist	insist	VERB
iiclr-17591	945	31	,	,	PUNCT
iiclr-17591	945	32	as	as	ADP
iiclr-17591	945	33	a	a	DET
iiclr-17591	945	34	precondition	precondition	NOUN
iiclr-17591	945	35	to	to	ADP
iiclr-17591	945	36	granting	grant	VERB
iiclr-17591	945	37	immunity	immunity	NOUN
iiclr-17591	945	38	,	,	PUNCT
iiclr-17591	945	39	on	on	ADP
iiclr-17591	945	40	the	the	DET
iiclr-17591	945	41	procedural	procedural	ADJ
iiclr-17591	945	42	aspects	aspect	NOUN
iiclr-17591	945	43	through	through	ADP
iiclr-17591	945	44	which	which	PRON
iiclr-17591	945	45	the	the	DET
iiclr-17591	945	46	business	business	NOUN
iiclr-17591	945	47	decision	decision	NOUN
iiclr-17591	945	48	has	have	AUX
iiclr-17591	945	49	been	be	AUX
iiclr-17591	945	50	reached	reach	VERB
iiclr-17591	945	51	(	(	PUNCT
iiclr-17591	945	52	procedural	procedural	ADJ
iiclr-17591	945	53	aspects	aspect	NOUN
iiclr-17591	945	54	found	find	VERB
iiclr-17591	945	55	relevant	relevant	ADJ
iiclr-17591	945	56	in	in	ADP
iiclr-17591	945	57	smith	smith	PROPN
iiclr-17591	945	58	v.	v.	ADP
iiclr-17591	945	59	van	van	PROPN
iiclr-17591	945	60	gorkom	gorkom	PROPN
iiclr-17591	945	61	,	,	PUNCT
iiclr-17591	945	62	488	488	NUM
iiclr-17591	945	63	a.2d	a.2d	SYM
iiclr-17591	945	64	858	858	NUM
iiclr-17591	945	65	(	(	PUNCT
iiclr-17591	945	66	del	del	PROPN
iiclr-17591	945	67	.	.	NOUN
iiclr-17591	945	68	1985	1985	NUM
iiclr-17591	945	69	)	)	PUNCT
iiclr-17591	945	70	)	)	PUNCT
iiclr-17591	945	71	.	.	PUNCT
iiclr-17591	946	1	103	103	NUM
iiclr-17591	946	2	.	.	PUNCT
iiclr-17591	947	1	according	accord	VERB
iiclr-17591	947	2	to	to	ADP
iiclr-17591	947	3	the	the	DET
iiclr-17591	947	4	study	study	NOUN
iiclr-17591	947	5	by	by	ADP
iiclr-17591	947	6	franco	franco	PROPN
iiclr-17591	947	7	bonelli	bonelli	PROPN
iiclr-17591	947	8	,	,	PUNCT
iiclr-17591	947	9	la	la	PROPN
iiclr-17591	947	10	responsabilita	responsabilita	PROPN
iiclr-17591	947	11	)	)	PUNCT
iiclr-17591	947	12	degli	degli	NOUN
iiclr-17591	947	13	anministratori	anministratori	X
iiclr-17591	947	14	,	,	PUNCT
iiclr-17591	947	15	in	in	ADP
iiclr-17591	947	16	4	4	NUM
iiclr-17591	947	17	trarrato	trarrato	NOUN
iiclr-17591	947	18	dalle	dalle	NOUN
iiclr-17591	947	19	societk	societk	NOUN
iiclr-17591	947	20	per	per	ADP
iiclr-17591	947	21	azioni	azioni	PROPN
iiclr-17591	947	22	321	321	NUM
iiclr-17591	947	23	,	,	PUNCT
iiclr-17591	947	24	357	357	NUM
iiclr-17591	947	25	-	-	SYM
iiclr-17591	947	26	58	58	NUM
iiclr-17591	947	27	(	(	PUNCT
iiclr-17591	947	28	giovanni	giovanni	PROPN
iiclr-17591	947	29	e.	e.	PROPN
iiclr-17591	947	30	colombo	colombo	PROPN
iiclr-17591	947	31	&	&	CCONJ
iiclr-17591	947	32	giuseppe	giuseppe	PROPN
iiclr-17591	947	33	b.	b.	PROPN
iiclr-17591	947	34	portale	portale	PROPN
iiclr-17591	947	35	eds	eds	PROPN
iiclr-17591	947	36	.	.	PROPN
iiclr-17591	947	37	,	,	PUNCT
iiclr-17591	947	38	1991	1991	NUM
iiclr-17591	947	39	)	)	PUNCT
iiclr-17591	947	40	,	,	PUNCT
iiclr-17591	947	41	from	from	ADP
iiclr-17591	947	42	the	the	DET
iiclr-17591	947	43	enactment	enactment	NOUN
iiclr-17591	947	44	of	of	ADP
iiclr-17591	947	45	the	the	DET
iiclr-17591	947	46	civil	civil	ADJ
iiclr-17591	947	47	code	code	NOUN
iiclr-17591	947	48	to	to	ADP
iiclr-17591	947	49	the	the	DET
iiclr-17591	947	50	end	end	NOUN
iiclr-17591	947	51	of	of	ADP
iiclr-17591	947	52	the	the	DET
iiclr-17591	947	53	1980s	1980	NOUN
iiclr-17591	947	54	,	,	PUNCT
iiclr-17591	947	55	only	only	ADV
iiclr-17591	947	56	in	in	ADP
iiclr-17591	947	57	a	a	DET
iiclr-17591	947	58	handful	handful	NOUN
iiclr-17591	947	59	of	of	ADP
iiclr-17591	947	60	published	publish	VERB
iiclr-17591	947	61	cases	case	NOUN
iiclr-17591	947	62	have	have	VERB
iiclr-17591	947	63	directors	director	NOUN
iiclr-17591	947	64	been	be	AUX
iiclr-17591	947	65	held	hold	VERB
iiclr-17591	947	66	liable	liable	ADJ
iiclr-17591	947	67	on	on	ADP
iiclr-17591	947	68	pure	pure	ADJ
iiclr-17591	947	69	negligence	negligence	NOUN
iiclr-17591	947	70	counts	count	NOUN
iiclr-17591	947	71	;	;	PUNCT
iiclr-17591	947	72	interestingly	interestingly	ADV
iiclr-17591	947	73	enough	enough	ADJ
iiclr-17591	947	74	,	,	PUNCT
iiclr-17591	947	75	clark	clark	NOUN
iiclr-17591	947	76	,	,	PUNCT
iiclr-17591	947	77	supra	supra	PROPN
iiclr-17591	947	78	note	note	PROPN
iiclr-17591	947	79	53	53	NUM
iiclr-17591	947	80	,	,	PUNCT
iiclr-17591	947	81	at	at	ADP
iiclr-17591	947	82	126	126	NUM
iiclr-17591	947	83	,	,	PUNCT
iiclr-17591	947	84	notes	note	VERB
iiclr-17591	947	85	that	that	SCONJ
iiclr-17591	947	86	"	"	PUNCT
iiclr-17591	947	87	[	[	X
iiclr-17591	947	88	niot	niot	NOUN
iiclr-17591	947	89	infrequently	infrequently	ADV
iiclr-17591	947	90	,	,	PUNCT
iiclr-17591	947	91	the	the	DET
iiclr-17591	947	92	facts	fact	NOUN
iiclr-17591	947	93	suggest	suggest	VERB
iiclr-17591	947	94	that	that	SCONJ
iiclr-17591	947	95	the	the	DET
iiclr-17591	947	96	directors	director	NOUN
iiclr-17591	947	97	were	be	AUX
iiclr-17591	947	98	actually	actually	ADV
iiclr-17591	947	99	being	be	AUX
iiclr-17591	947	100	sued	sue	VERB
iiclr-17591	947	101	and	and	CCONJ
iiclr-17591	947	102	held	hold	VERB
iiclr-17591	947	103	liable	liable	ADJ
iiclr-17591	947	104	because	because	SCONJ
iiclr-17591	947	105	of	of	ADP
iiclr-17591	947	106	wrongful	wrongful	ADJ
iiclr-17591	947	107	self	self	NOUN
iiclr-17591	947	108	-	-	PUNCT
iiclr-17591	947	109	interested	interest	VERB
iiclr-17591	947	110	conduct	conduct	NOUN
iiclr-17591	947	111	-	-	PUNCT
iiclr-17591	947	112	for	for	ADP
iiclr-17591	947	113	a	a	DET
iiclr-17591	947	114	violation	violation	NOUN
iiclr-17591	947	115	of	of	ADP
iiclr-17591	947	116	their	their	PRON
iiclr-17591	947	117	fiduciary	fiduciary	ADJ
iiclr-17591	947	118	duty	duty	NOUN
iiclr-17591	947	119	of	of	ADP
iiclr-17591	947	120	loyalty	loyalty	NOUN
iiclr-17591	947	121	--	--	PUNCT
iiclr-17591	947	122	and	and	CCONJ
iiclr-17591	947	123	the	the	DET
iiclr-17591	947	124	courts	court	NOUN
iiclr-17591	947	125	'	'	PART
iiclr-17591	947	126	talk	talk	NOUN
iiclr-17591	947	127	about	about	ADP
iiclr-17591	947	128	duty	duty	NOUN
iiclr-17591	947	129	of	of	ADP
iiclr-17591	947	130	care	care	NOUN
iiclr-17591	947	131	is	be	AUX
iiclr-17591	947	132	simply	simply	ADV
iiclr-17591	947	133	a	a	DET
iiclr-17591	947	134	way	way	NOUN
iiclr-17591	947	135	of	of	ADP
iiclr-17591	947	136	letting	let	VERB
iiclr-17591	947	137	the	the	DET
iiclr-17591	947	138	plaintiffs	plaintiff	NOUN
iiclr-17591	947	139	win	win	VERB
iiclr-17591	947	140	without	without	ADP
iiclr-17591	947	141	having	have	VERB
iiclr-17591	947	142	to	to	PART
iiclr-17591	947	143	prove	prove	VERB
iiclr-17591	947	144	all	all	DET
iiclr-17591	947	145	the	the	DET
iiclr-17591	947	146	elements	element	NOUN
iiclr-17591	947	147	of	of	ADP
iiclr-17591	947	148	a	a	DET
iiclr-17591	947	149	wrongful	wrongful	ADJ
iiclr-17591	947	150	conflict	conflict	NOUN
iiclr-17591	947	151	of	of	ADP
iiclr-17591	947	152	interests	interest	NOUN
iiclr-17591	947	153	transaction	transaction	NOUN
iiclr-17591	947	154	.	.	PUNCT
iiclr-17591	947	155	"	"	PUNCT
iiclr-17591	948	1	104	104	NUM
iiclr-17591	948	2	.	.	PUNCT
iiclr-17591	949	1	the	the	DET
iiclr-17591	949	2	relationship	relationship	NOUN
iiclr-17591	949	3	between	between	ADP
iiclr-17591	949	4	the	the	DET
iiclr-17591	949	5	directors	director	NOUN
iiclr-17591	949	6	and	and	CCONJ
iiclr-17591	949	7	the	the	DET
iiclr-17591	949	8	company	company	NOUN
iiclr-17591	949	9	(	(	PUNCT
iiclr-17591	949	10	that	that	SCONJ
iiclr-17591	949	11	,	,	PUNCT
iiclr-17591	949	12	mindful	mindful	ADJ
iiclr-17591	949	13	of	of	ADP
iiclr-17591	949	14	the	the	DET
iiclr-17591	949	15	many	many	ADJ
iiclr-17591	949	16	differences	difference	NOUN
iiclr-17591	949	17	between	between	ADP
iiclr-17591	949	18	the	the	DET
iiclr-17591	949	19	italian	italian	NOUN
iiclr-17591	949	20	and	and	CCONJ
iiclr-17591	949	21	the	the	DET
iiclr-17591	949	22	american	american	ADJ
iiclr-17591	949	23	legal	legal	ADJ
iiclr-17591	949	24	systems	system	NOUN
iiclr-17591	949	25	,	,	PUNCT
iiclr-17591	949	26	we	we	PRON
iiclr-17591	949	27	will	will	AUX
iiclr-17591	949	28	call	call	VERB
iiclr-17591	949	29	a	a	DET
iiclr-17591	949	30	principal	principal	ADJ
iiclr-17591	949	31	-	-	PUNCT
iiclr-17591	949	32	agent	agent	NOUN
iiclr-17591	949	33	relationship	relationship	NOUN
iiclr-17591	949	34	for	for	ADP
iiclr-17591	949	35	the	the	DET
iiclr-17591	949	36	sake	sake	NOUN
iiclr-17591	949	37	of	of	ADP
iiclr-17591	949	38	simplicity	simplicity	NOUN
iiclr-17591	949	39	)	)	PUNCT
iiclr-17591	949	40	,	,	PUNCT
iiclr-17591	949	41	is	be	AUX
iiclr-17591	949	42	governed	govern	VERB
iiclr-17591	949	43	partly	partly	ADV
iiclr-17591	949	44	by	by	ADP
iiclr-17591	949	45	the	the	DET
iiclr-17591	949	46	general	general	ADJ
iiclr-17591	949	47	contract	contract	NOUN
iiclr-17591	949	48	law	law	NOUN
iiclr-17591	949	49	and	and	CCONJ
iiclr-17591	949	50	partly	partly	ADV
iiclr-17591	949	51	by	by	ADP
iiclr-17591	949	52	specific	specific	ADJ
iiclr-17591	949	53	corporate	corporate	ADJ
iiclr-17591	949	54	law	law	NOUN
iiclr-17591	949	55	provisions	provision	NOUN
iiclr-17591	949	56	.	.	PUNCT
iiclr-17591	950	1	more	more	ADV
iiclr-17591	950	2	particularly	particularly	ADV
iiclr-17591	950	3	,	,	PUNCT
iiclr-17591	950	4	the	the	DET
iiclr-17591	950	5	former	former	ADJ
iiclr-17591	950	6	applies	apply	VERB
iiclr-17591	950	7	when	when	SCONJ
iiclr-17591	950	8	the	the	DET
iiclr-17591	950	9	agent	agent	NOUN
iiclr-17591	950	10	is	be	AUX
iiclr-17591	950	11	a	a	DET
iiclr-17591	950	12	single	single	ADJ
iiclr-17591	950	13	individual	individual	NOUN
iiclr-17591	950	14	(	(	PUNCT
iiclr-17591	950	15	sole	sole	ADJ
iiclr-17591	950	16	or	or	CCONJ
iiclr-17591	950	17	delegated	delegate	VERB
iiclr-17591	950	18	director	director	NOUN
iiclr-17591	950	19	)	)	PUNCT
iiclr-17591	950	20	,	,	PUNCT
iiclr-17591	950	21	the	the	DET
iiclr-17591	950	22	latter	latter	ADJ
iiclr-17591	950	23	when	when	SCONJ
iiclr-17591	950	24	there	there	PRON
iiclr-17591	950	25	is	be	VERB
iiclr-17591	950	26	a	a	DET
iiclr-17591	950	27	collective	collective	ADJ
iiclr-17591	950	28	decision	decision	NOUN
iiclr-17591	950	29	and	and	CCONJ
iiclr-17591	950	30	a	a	DET
iiclr-17591	950	31	resulting	result	VERB
iiclr-17591	950	32	problem	problem	NOUN
iiclr-17591	950	33	of	of	ADP
iiclr-17591	950	34	quorum	quorum	NOUN
iiclr-17591	950	35	.	.	PUNCT
iiclr-17591	951	1	(	(	PUNCT
iiclr-17591	951	2	this	this	PRON
iiclr-17591	951	3	does	do	AUX
iiclr-17591	951	4	not	not	PART
iiclr-17591	951	5	mean	mean	VERB
iiclr-17591	951	6	that	that	SCONJ
iiclr-17591	951	7	the	the	DET
iiclr-17591	951	8	resulting	result	VERB
iiclr-17591	951	9	system	system	NOUN
iiclr-17591	951	10	is	be	AUX
iiclr-17591	951	11	absolutely	absolutely	ADV
iiclr-17591	951	12	consistent	consistent	ADJ
iiclr-17591	951	13	or	or	CCONJ
iiclr-17591	951	14	completely	completely	ADV
iiclr-17591	951	15	effective	effective	ADJ
iiclr-17591	951	16	.	.	PUNCT
iiclr-17591	952	1	for	for	ADP
iiclr-17591	952	2	a	a	DET
iiclr-17591	952	3	critique	critique	NOUN
iiclr-17591	952	4	of	of	ADP
iiclr-17591	952	5	c.c	c.c	PROPN
iiclr-17591	952	6	.	.	PROPN
iiclr-17591	952	7	art	art	NOUN
iiclr-17591	952	8	.	.	PUNCT
iiclr-17591	953	1	2391	2391	NUM
iiclr-17591	953	2	(	(	PUNCT
iiclr-17591	953	3	italy	italy	PROPN
iiclr-17591	953	4	)	)	PUNCT
iiclr-17591	953	5	see	see	VERB
iiclr-17591	953	6	supra	supra	PROPN
iiclr-17591	953	7	note	note	NOUN
iiclr-17591	953	8	74	74	NUM
iiclr-17591	953	9	.	.	PUNCT
iiclr-17591	953	10	)	)	PUNCT
iiclr-17591	954	1	under	under	ADP
iiclr-17591	954	2	c.c	c.c	PROPN
iiclr-17591	954	3	.	.	PROPN
iiclr-17591	954	4	art	art	PROPN
iiclr-17591	954	5	.	.	PUNCT
iiclr-17591	955	1	1394	1394	NUM
iiclr-17591	955	2	and	and	CCONJ
iiclr-17591	955	3	art	art	NOUN
iiclr-17591	955	4	.	.	PUNCT
iiclr-17591	956	1	1218	1218	NUM
iiclr-17591	956	2	(	(	PUNCT
iiclr-17591	956	3	italy	italy	PROPN
iiclr-17591	956	4	)	)	PUNCT
iiclr-17591	956	5	,	,	PUNCT
iiclr-17591	956	6	general	general	ADJ
iiclr-17591	956	7	contract	contract	NOUN
iiclr-17591	956	8	law	law	NOUN
iiclr-17591	956	9	provisions	provision	NOUN
iiclr-17591	956	10	,	,	PUNCT
iiclr-17591	956	11	the	the	DET
iiclr-17591	956	12	principal	principal	NOUN
iiclr-17591	956	13	has	have	VERB
iiclr-17591	956	14	the	the	DET
iiclr-17591	956	15	right	right	NOUN
iiclr-17591	956	16	to	to	PART
iiclr-17591	956	17	avoid	avoid	VERB
iiclr-17591	956	18	agent	agent	NOUN
iiclr-17591	956	19	's	's	PART
iiclr-17591	956	20	self	self	NOUN
iiclr-17591	956	21	-	-	PUNCT
iiclr-17591	956	22	dealing	deal	VERB
iiclr-17591	956	23	transactions	transaction	NOUN
iiclr-17591	956	24	and	and	CCONJ
iiclr-17591	956	25	the	the	DET
iiclr-17591	956	26	right	right	NOUN
iiclr-17591	956	27	to	to	PART
iiclr-17591	956	28	be	be	AUX
iiclr-17591	956	29	indemnified	indemnify	VERB
iiclr-17591	956	30	by	by	ADP
iiclr-17591	956	31	him	he	PRON
iiclr-17591	956	32	for	for	ADP
iiclr-17591	956	33	the	the	DET
iiclr-17591	956	34	suffered	suffer	VERB
iiclr-17591	956	35	losses	loss	NOUN
iiclr-17591	956	36	.	.	PUNCT
iiclr-17591	957	1	under	under	ADP
iiclr-17591	957	2	c.c	c.c	PROPN
iiclr-17591	957	3	.	.	PROPN
iiclr-17591	957	4	art	art	NOUN
iiclr-17591	957	5	.	.	PUNCT
iiclr-17591	958	1	2391	2391	NUM
iiclr-17591	958	2	(	(	PUNCT
iiclr-17591	958	3	italy	italy	PROPN
iiclr-17591	958	4	)	)	PUNCT
iiclr-17591	958	5	,	,	PUNCT
iiclr-17591	958	6	especially	especially	ADV
iiclr-17591	958	7	concerned	concern	VERB
iiclr-17591	958	8	with	with	ADP
iiclr-17591	958	9	the	the	DET
iiclr-17591	958	10	societ	societ	NOUN
iiclr-17591	958	11	)	)	PUNCT
iiclr-17591	958	12	per	per	ADP
iiclr-17591	958	13	azioni	azioni	NOUN
iiclr-17591	958	14	,	,	PUNCT
iiclr-17591	958	15	disinterested	disinterested	ADJ
iiclr-17591	958	16	directors	director	NOUN
iiclr-17591	958	17	and	and	CCONJ
iiclr-17591	958	18	auditors	auditor	NOUN
iiclr-17591	958	19	have	have	VERB
iiclr-17591	958	20	the	the	DET
iiclr-17591	958	21	right	right	NOUN
iiclr-17591	958	22	to	to	PART
iiclr-17591	958	23	avoid	avoid	VERB
iiclr-17591	958	24	a	a	DET
iiclr-17591	958	25	board	board	NOUN
iiclr-17591	958	26	's	's	PART
iiclr-17591	958	27	resolution	resolution	NOUN
iiclr-17591	958	28	adopted	adopt	VERB
iiclr-17591	958	29	with	with	ADP
iiclr-17591	958	30	the	the	DET
iiclr-17591	958	31	decisive	decisive	ADJ
iiclr-17591	958	32	vote	vote	NOUN
iiclr-17591	958	33	of	of	ADP
iiclr-17591	958	34	interested	interested	ADJ
iiclr-17591	958	35	directors	director	NOUN
iiclr-17591	958	36	.	.	PUNCT
iiclr-17591	959	1	independently	independently	ADV
iiclr-17591	959	2	from	from	ADP
iiclr-17591	959	3	the	the	DET
iiclr-17591	959	4	avoidance	avoidance	NOUN
iiclr-17591	959	5	of	of	ADP
iiclr-17591	959	6	the	the	DET
iiclr-17591	959	7	resolution	resolution	NOUN
iiclr-17591	959	8	,	,	PUNCT
iiclr-17591	959	9	the	the	DET
iiclr-17591	959	10	interested	interested	ADJ
iiclr-17591	959	11	directors	director	NOUN
iiclr-17591	959	12	are	be	AUX
iiclr-17591	959	13	automatically	automatically	ADV
iiclr-17591	959	14	liable	liable	ADJ
iiclr-17591	959	15	for	for	ADP
iiclr-17591	959	16	the	the	DET
iiclr-17591	959	17	losses	loss	NOUN
iiclr-17591	959	18	derived	derive	VERB
iiclr-17591	959	19	from	from	ADP
iiclr-17591	959	20	such	such	ADJ
iiclr-17591	959	21	resolution	resolution	NOUN
iiclr-17591	959	22	(	(	PUNCT
iiclr-17591	959	23	c.c	c.c	PROPN
iiclr-17591	959	24	.	.	PROPN
iiclr-17591	959	25	art	art	NOUN
iiclr-17591	959	26	.	.	PUNCT
iiclr-17591	960	1	2391(2	2391(2	NUM
iiclr-17591	960	2	)	)	PUNCT
iiclr-17591	960	3	(	(	PUNCT
iiclr-17591	960	4	italy	italy	PROPN
iiclr-17591	960	5	)	)	PUNCT
iiclr-17591	960	6	)	)	PUNCT
iiclr-17591	960	7	.	.	PUNCT
iiclr-17591	961	1	105	105	NUM
iiclr-17591	961	2	.	.	PUNCT
iiclr-17591	961	3	see	see	VERB
iiclr-17591	961	4	generally	generally	ADV
iiclr-17591	961	5	agostino	agostino	PROPN
iiclr-17591	961	6	gambino	gambino	PROPN
iiclr-17591	961	7	,	,	PUNCT
iiclr-17591	961	8	reiponsabifita	reiponsabifita	NOUN
iiclr-17591	961	9	amministrativa	amministrativa	PROPN
iiclr-17591	961	10	nei	nei	PROPN
iiclr-17591	961	11	gruppi	gruppi	PROPN
iiclr-17591	961	12	societari	societari	NOUN
iiclr-17591	961	13	,	,	PUNCT
iiclr-17591	961	14	1993	1993	NUM
iiclr-17591	961	15	giu	giu	PROPN
iiclr-17591	961	16	]	]	PUNCT
iiclr-17591	961	17	sprudenza	sprudenza	ADJ
iiclr-17591	961	18	commerciale	commerciale	PROPN
iiclr-17591	961	19	i	i	PROPN
iiclr-17591	961	20	,	,	PUNCT
iiclr-17591	961	21	841	841	NUM
iiclr-17591	961	22	;	;	PUNCT
iiclr-17591	961	23	francesco	francesco	PROPN
iiclr-17591	961	24	galgano	galgano	PROPN
iiclr-17591	961	25	,	,	PUNCT
iiclr-17591	961	26	1lpuruo	1lpuruo	NUM
iiclr-17591	961	27	sulla	sulla	NOUN
iiclr-17591	961	28	giurisprudenza	giurisprudenza	NOUN
iiclr-17591	961	29	in	in	ADP
iiclr-17591	961	30	materia	materia	PROPN
iiclr-17591	961	31	digruppi	digruppi	PROPN
iiclr-17591	961	32	di	di	X
iiclr-17591	961	33	societa	societa	PROPN
iiclr-17591	961	34	,	,	PUNCT
iiclr-17591	961	35	1991	1991	NUM
iiclr-17591	961	36	contraarro	contraarro	PROPN
iiclr-17591	961	37	e	e	PROPN
iiclr-17591	961	38	impresa	impresa	PROPN
iiclr-17591	961	39	897	897	NUM
iiclr-17591	961	40	;	;	PUNCT
iiclr-17591	961	41	bonelli	bonelli	PROPN
iiclr-17591	961	42	,	,	PUNCT
iiclr-17591	961	43	supra	supra	PROPN
iiclr-17591	961	44	note	note	NOUN
iiclr-17591	961	45	90	90	NUM
iiclr-17591	961	46	,	,	PUNCT
iiclr-17591	961	47	at	at	ADP
iiclr-17591	961	48	95106	95106	NUM
iiclr-17591	961	49	;	;	PUNCT
iiclr-17591	961	50	judgment	judgment	NOUN
iiclr-17591	961	51	of	of	ADP
iiclr-17591	961	52	sept	sept	PROPN
iiclr-17591	961	53	.	.	PROPN
iiclr-17591	961	54	14	14	NUM
iiclr-17591	961	55	,	,	PUNCT
iiclr-17591	961	56	1976	1976	NUM
iiclr-17591	961	57	,	,	PUNCT
iiclr-17591	961	58	no	no	NOUN
iiclr-17591	961	59	.	.	NOUN
iiclr-17591	961	60	3150	3150	NUM
iiclr-17591	961	61	,	,	PUNCT
iiclr-17591	961	62	cass	cass	PROPN
iiclr-17591	961	63	.	.	PUNCT
iiclr-17591	961	64	civ	civ	PROPN
iiclr-17591	961	65	.	.	PROPN
iiclr-17591	961	66	,	,	PUNCT
iiclr-17591	961	67	1977	1977	NUM
iiclr-17591	961	68	foro	foro	X
iiclr-17591	961	69	italano	italano	PROPN
iiclr-17591	961	70	1	1	NUM
iiclr-17591	961	71	,	,	PUNCT
iiclr-17591	961	72	1998	1998	NUM
iiclr-17591	961	73	.	.	PUNCT
iiclr-17591	962	1	the	the	DET
iiclr-17591	962	2	problem	problem	NOUN
iiclr-17591	962	3	of	of	ADP
iiclr-17591	962	4	corporate	corporate	ADJ
iiclr-17591	962	5	groups	group	NOUN
iiclr-17591	962	6	,	,	PUNCT
iiclr-17591	962	7	not	not	PART
iiclr-17591	962	8	only	only	ADV
iiclr-17591	962	9	under	under	ADP
iiclr-17591	962	10	the	the	DET
iiclr-17591	962	11	profile	profile	NOUN
iiclr-17591	962	12	of	of	ADP
iiclr-17591	962	13	directors	director	NOUN
iiclr-17591	962	14	'	'	PART
iiclr-17591	962	15	liability	liability	NOUN
iiclr-17591	962	16	,	,	PUNCT
iiclr-17591	962	17	has	have	AUX
iiclr-17591	962	18	been	be	AUX
iiclr-17591	962	19	dealt	deal	VERB
iiclr-17591	962	20	with	with	ADP
iiclr-17591	962	21	in	in	ADP
iiclr-17591	962	22	a	a	DET
iiclr-17591	962	23	number	number	NOUN
iiclr-17591	962	24	of	of	ADP
iiclr-17591	962	25	recent	recent	ADJ
iiclr-17591	962	26	cases	case	NOUN
iiclr-17591	962	27	.	.	PUNCT
iiclr-17591	963	1	among	among	ADP
iiclr-17591	963	2	the	the	DET
iiclr-17591	963	3	most	most	ADV
iiclr-17591	963	4	interesting	interesting	ADJ
iiclr-17591	963	5	,	,	PUNCT
iiclr-17591	963	6	see	see	VERB
iiclr-17591	963	7	judgment	judgment	NOUN
iiclr-17591	963	8	of	of	ADP
iiclr-17591	963	9	feb	feb	PROPN
iiclr-17591	963	10	.	.	PROPN
iiclr-17591	963	11	26	26	NUM
iiclr-17591	963	12	,	,	PUNCT
iiclr-17591	963	13	1990	1990	NUM
iiclr-17591	963	14	,	,	PUNCT
iiclr-17591	963	15	no	no	INTJ
iiclr-17591	963	16	.	.	NOUN
iiclr-17591	963	17	1439	1439	NUM
iiclr-17591	963	18	,	,	PUNCT
iiclr-17591	963	19	cass	cass	PROPN
iiclr-17591	963	20	.	.	PUNCT
iiclr-17591	963	21	civ	civ	PROPN
iiclr-17591	963	22	.	.	PROPN
iiclr-17591	963	23	,	,	PUNCT
iiclr-17591	963	24	1990	1990	NUM
iiclr-17591	963	25	foro	foro	X
iiclr-17591	963	26	italiano	italiano	VERB
iiclr-17591	963	27	1	1	NUM
iiclr-17591	963	28	,	,	PUNCT
iiclr-17591	963	29	1174	1174	NUM
iiclr-17591	963	30	;	;	PUNCT
iiclr-17591	963	31	judgment	judgment	NOUN
iiclr-17591	963	32	of	of	ADP
iiclr-17591	963	33	feb	feb	PROPN
iiclr-17591	963	34	.	.	PROPN
iiclr-17591	963	35	13	13	NUM
iiclr-17591	963	36	,	,	PUNCT
iiclr-17591	963	37	1992	1992	NUM
iiclr-17591	963	38	,	,	PUNCT
iiclr-17591	963	39	no	no	NOUN
iiclr-17591	963	40	.	.	NOUN
iiclr-17591	963	41	1759	1759	NUM
iiclr-17591	963	42	,	,	PUNCT
iiclr-17591	963	43	cass	cass	PROPN
iiclr-17591	963	44	.	.	PUNCT
iiclr-17591	963	45	civ	civ	PROPN
iiclr-17591	963	46	.	.	PROPN
iiclr-17591	963	47	,	,	PUNCT
iiclr-17591	963	48	1992	1992	NUM
iiclr-17591	963	49	le	le	X
iiclr-17591	963	50	soclera	soclera	PROPN
iiclr-17591	963	51	'	'	PART
iiclr-17591	963	52	794	794	NUM
iiclr-17591	963	53	(	(	PUNCT
iiclr-17591	963	54	the	the	DET
iiclr-17591	963	55	best	good	ADJ
iiclr-17591	963	56	interests	interest	NOUN
iiclr-17591	963	57	of	of	ADP
iiclr-17591	963	58	a	a	DET
iiclr-17591	963	59	subsidiary	subsidiary	NOUN
iiclr-17591	963	60	must	must	AUX
iiclr-17591	963	61	be	be	AUX
iiclr-17591	963	62	judged	judge	VERB
iiclr-17591	963	63	with	with	ADP
iiclr-17591	963	64	respect	respect	NOUN
iiclr-17591	963	65	to	to	ADP
iiclr-17591	963	66	the	the	DET
iiclr-17591	963	67	whole	whole	ADJ
iiclr-17591	963	68	group	group	NOUN
iiclr-17591	963	69	policy	policy	NOUN
iiclr-17591	963	70	and	and	CCONJ
iiclr-17591	963	71	not	not	PART
iiclr-17591	963	72	with	with	ADP
iiclr-17591	963	73	respect	respect	NOUN
iiclr-17591	963	74	to	to	ADP
iiclr-17591	963	75	the	the	DET
iiclr-17591	963	76	single	single	ADJ
iiclr-17591	963	77	act	act	NOUN
iiclr-17591	963	78	)	)	PUNCT
iiclr-17591	963	79	;	;	PUNCT
iiclr-17591	963	80	judgment	judgment	NOUN
iiclr-17591	963	81	of	of	ADP
iiclr-17591	963	82	may	may	PROPN
iiclr-17591	963	83	8	8	NUM
iiclr-17591	963	84	,	,	PUNCT
iiclr-17591	963	85	1991	1991	NUM
iiclr-17591	963	86	,	,	PUNCT
iiclr-17591	963	87	no	no	INTJ
iiclr-17591	963	88	.	.	NOUN
iiclr-17591	963	89	5123	5123	NUM
iiclr-17591	963	90	,	,	PUNCT
iiclr-17591	963	91	cass	cass	PROPN
iiclr-17591	963	92	.	.	PUNCT
iiclr-17591	964	1	[	[	X
iiclr-17591	964	2	vol	vol	NOUN
iiclr-17591	964	3	.	.	PUNCT
iiclr-17591	965	1	6:1	6:1	NUM
iiclr-17591	965	2	corporate	corporate	ADJ
iiclr-17591	965	3	governance	governance	NOUN
iiclr-17591	965	4	in	in	ADP
iiclr-17591	965	5	italy	italy	PROPN
iiclr-17591	965	6	with	with	ADP
iiclr-17591	965	7	outright	outright	PROPN
iiclr-17591	965	8	fraud	fraud	NOUN
iiclr-17591	965	9	.	.	PUNCT
iiclr-17591	966	1	as	as	SCONJ
iiclr-17591	966	2	we	we	PRON
iiclr-17591	966	3	are	be	AUX
iiclr-17591	966	4	more	more	ADV
iiclr-17591	966	5	interested	interested	ADJ
iiclr-17591	966	6	in	in	ADP
iiclr-17591	966	7	a	a	DET
iiclr-17591	966	8	corporate	corporate	ADJ
iiclr-17591	966	9	governance	governance	NOUN
iiclr-17591	966	10	perspective	perspective	NOUN
iiclr-17591	966	11	,	,	PUNCT
iiclr-17591	966	12	we	we	PRON
iiclr-17591	966	13	will	will	AUX
iiclr-17591	966	14	not	not	PART
iiclr-17591	966	15	examine	examine	VERB
iiclr-17591	966	16	those	those	DET
iiclr-17591	966	17	cases	case	NOUN
iiclr-17591	966	18	in	in	ADP
iiclr-17591	966	19	detail	detail	NOUN
iiclr-17591	966	20	.	.	PUNCT
iiclr-17591	967	1	2	2	X
iiclr-17591	967	2	.	.	X
iiclr-17591	967	3	the	the	DET
iiclr-17591	967	4	procedure	procedure	NOUN
iiclr-17591	967	5	.	.	PUNCT
iiclr-17591	968	1	a	a	DET
iiclr-17591	968	2	suit	suit	NOUN
iiclr-17591	968	3	against	against	ADP
iiclr-17591	968	4	directors	director	NOUN
iiclr-17591	968	5	on	on	ADP
iiclr-17591	968	6	behalf	behalf	NOUN
iiclr-17591	968	7	of	of	ADP
iiclr-17591	968	8	the	the	DET
iiclr-17591	968	9	company	company	NOUN
iiclr-17591	968	10	can	can	AUX
iiclr-17591	968	11	be	be	AUX
iiclr-17591	968	12	instituted	institute	VERB
iiclr-17591	968	13	in	in	ADP
iiclr-17591	968	14	three	three	NUM
iiclr-17591	968	15	cases	case	NOUN
iiclr-17591	968	16	:	:	PUNCT
iiclr-17591	968	17	(	(	PUNCT
iiclr-17591	968	18	a	a	X
iiclr-17591	968	19	)	)	PUNCT
iiclr-17591	968	20	when	when	SCONJ
iiclr-17591	968	21	shareholders	shareholder	NOUN
iiclr-17591	968	22	,	,	PUNCT
iiclr-17591	968	23	with	with	ADP
iiclr-17591	968	24	a	a	DET
iiclr-17591	968	25	majority	majority	NOUN
iiclr-17591	968	26	vote	vote	NOUN
iiclr-17591	968	27	,	,	PUNCT
iiclr-17591	968	28	have	have	AUX
iiclr-17591	968	29	authorized	authorize	VERB
iiclr-17591	968	30	it	it	PRON
iiclr-17591	968	31	(	(	PUNCT
iiclr-17591	968	32	civil	civil	ADJ
iiclr-17591	968	33	code	code	NOUN
iiclr-17591	968	34	art	art	NOUN
iiclr-17591	968	35	.	.	PUNCT
iiclr-17591	969	1	2393(1	2393(1	X
iiclr-17591	969	2	)	)	PUNCT
iiclr-17591	969	3	(	(	PUNCT
iiclr-17591	969	4	italy	italy	PROPN
iiclr-17591	969	5	)	)	PUNCT
iiclr-17591	969	6	)	)	PUNCT
iiclr-17591	970	1	;	;	PUNCT
iiclr-17591	970	2	in	in	ADP
iiclr-17591	970	3	this	this	DET
iiclr-17591	970	4	case	case	NOUN
iiclr-17591	970	5	the	the	DET
iiclr-17591	970	6	action	action	NOUN
iiclr-17591	970	7	is	be	AUX
iiclr-17591	970	8	brought	bring	VERB
iiclr-17591	970	9	by	by	ADP
iiclr-17591	970	10	the	the	DET
iiclr-17591	970	11	new	new	ADJ
iiclr-17591	970	12	directors	director	NOUN
iiclr-17591	970	13	or	or	CCONJ
iiclr-17591	970	14	by	by	ADP
iiclr-17591	970	15	an	an	DET
iiclr-17591	970	16	especially	especially	ADV
iiclr-17591	970	17	appointed	appoint	VERB
iiclr-17591	970	18	agent	agent	NOUN
iiclr-17591	970	19	for	for	ADP
iiclr-17591	970	20	the	the	DET
iiclr-17591	970	21	company	company	NOUN
iiclr-17591	970	22	;	;	PUNCT
iiclr-17591	970	23	(	(	PUNCT
iiclr-17591	970	24	b	b	X
iiclr-17591	970	25	)	)	PUNCT
iiclr-17591	970	26	when	when	SCONJ
iiclr-17591	970	27	the	the	DET
iiclr-17591	970	28	court	court	NOUN
iiclr-17591	970	29	,	,	PUNCT
iiclr-17591	970	30	requested	request	VERB
iiclr-17591	970	31	by	by	ADP
iiclr-17591	970	32	a	a	DET
iiclr-17591	970	33	quorum	quorum	NOUN
iiclr-17591	970	34	of	of	ADP
iiclr-17591	970	35	shareholders	shareholder	NOUN
iiclr-17591	970	36	or	or	CCONJ
iiclr-17591	970	37	by	by	ADP
iiclr-17591	970	38	the	the	DET
iiclr-17591	970	39	public	public	ADJ
iiclr-17591	970	40	prosecutor	prosecutor	NOUN
iiclr-17591	970	41	,	,	PUNCT
iiclr-17591	970	42	"	"	PUNCT
iiclr-17591	970	43	°	°	PROPN
iiclr-17591	970	44	has	have	AUX
iiclr-17591	970	45	ordered	order	VERB
iiclr-17591	970	46	an	an	DET
iiclr-17591	970	47	investigation	investigation	NOUN
iiclr-17591	970	48	and	and	CCONJ
iiclr-17591	970	49	,	,	PUNCT
iiclr-17591	970	50	serious	serious	ADJ
iiclr-17591	970	51	irregularities	irregularity	NOUN
iiclr-17591	970	52	having	having	AUX
iiclr-17591	970	53	been	be	AUX
iiclr-17591	970	54	found	find	VERB
iiclr-17591	970	55	,	,	PUNCT
iiclr-17591	970	56	has	have	AUX
iiclr-17591	970	57	appointed	appoint	VERB
iiclr-17591	970	58	a	a	DET
iiclr-17591	970	59	temporary	temporary	ADJ
iiclr-17591	970	60	administrator	administrator	NOUN
iiclr-17591	970	61	(	(	PUNCT
iiclr-17591	970	62	civil	civil	ADJ
iiclr-17591	970	63	code	code	NOUN
iiclr-17591	970	64	art	art	NOUN
iiclr-17591	970	65	.	.	PUNCT
iiclr-17591	971	1	2409	2409	NUM
iiclr-17591	971	2	(	(	PUNCT
iiclr-17591	971	3	italy	italy	PROPN
iiclr-17591	971	4	)	)	PUNCT
iiclr-17591	971	5	)	)	PUNCT
iiclr-17591	972	1	;	;	PUNCT
iiclr-17591	972	2	the	the	DET
iiclr-17591	972	3	administrator	administrator	NOUN
iiclr-17591	972	4	has	have	VERB
iiclr-17591	972	5	the	the	DET
iiclr-17591	972	6	power	power	NOUN
iiclr-17591	972	7	to	to	PART
iiclr-17591	972	8	bring	bring	VERB
iiclr-17591	972	9	a	a	DET
iiclr-17591	972	10	suit	suit	NOUN
iiclr-17591	972	11	against	against	ADP
iiclr-17591	972	12	directors	director	NOUN
iiclr-17591	972	13	;	;	PUNCT
iiclr-17591	972	14	(	(	PUNCT
iiclr-17591	972	15	c	c	X
iiclr-17591	972	16	)	)	PUNCT
iiclr-17591	972	17	when	when	SCONJ
iiclr-17591	972	18	the	the	DET
iiclr-17591	972	19	company	company	NOUN
iiclr-17591	972	20	is	be	AUX
iiclr-17591	972	21	bankrupt	bankrupt	ADJ
iiclr-17591	972	22	;	;	PUNCT
iiclr-17591	972	23	in	in	ADP
iiclr-17591	972	24	such	such	ADJ
iiclr-17591	972	25	case	case	NOUN
iiclr-17591	972	26	the	the	DET
iiclr-17591	972	27	action	action	NOUN
iiclr-17591	972	28	is	be	AUX
iiclr-17591	972	29	brought	bring	VERB
iiclr-17591	972	30	by	by	ADP
iiclr-17591	972	31	the	the	DET
iiclr-17591	972	32	trustee	trustee	NOUN
iiclr-17591	972	33	,	,	PUNCT
iiclr-17591	972	34	'	'	PUNCT
iiclr-17591	972	35	"	"	PUNCT
iiclr-17591	972	36	authorized	authorize	VERB
iiclr-17591	972	37	by	by	ADP
iiclr-17591	972	38	the	the	DET
iiclr-17591	972	39	bankruptcy	bankruptcy	NOUN
iiclr-17591	972	40	judge	judge	NOUN
iiclr-17591	972	41	(	(	PUNCT
iiclr-17591	972	42	art	art	NOUN
iiclr-17591	972	43	.	.	PUNCT
iiclr-17591	973	1	146	146	NUM
iiclr-17591	973	2	,	,	PUNCT
iiclr-17591	973	3	royal	royal	ADJ
iiclr-17591	973	4	decree	decree	NOUN
iiclr-17591	973	5	of	of	ADP
iiclr-17591	973	6	mar	mar	PROPN
iiclr-17591	973	7	.	.	PROPN
iiclr-17591	973	8	16	16	NUM
iiclr-17591	973	9	,	,	PUNCT
iiclr-17591	973	10	1942	1942	NUM
iiclr-17591	973	11	,	,	PUNCT
iiclr-17591	973	12	no	no	INTJ
iiclr-17591	973	13	.	.	NOUN
iiclr-17591	973	14	267	267	NUM
iiclr-17591	973	15	)	)	PUNCT
iiclr-17591	973	16	.	.	PUNCT
iiclr-17591	974	1	"	"	PUNCT
iiclr-17591	974	2	'	'	PUNCT
iiclr-17591	974	3	from	from	ADP
iiclr-17591	974	4	a	a	DET
iiclr-17591	974	5	corporate	corporate	ADJ
iiclr-17591	974	6	governance	governance	NOUN
iiclr-17591	974	7	standpoint	standpoint	NOUN
iiclr-17591	974	8	,	,	PUNCT
iiclr-17591	974	9	the	the	DET
iiclr-17591	974	10	difference	difference	NOUN
iiclr-17591	974	11	among	among	ADP
iiclr-17591	974	12	these	these	DET
iiclr-17591	974	13	three	three	NUM
iiclr-17591	974	14	hypotheses	hypothesis	NOUN
iiclr-17591	974	15	is	be	AUX
iiclr-17591	974	16	apparent	apparent	ADJ
iiclr-17591	974	17	:	:	PUNCT
iiclr-17591	974	18	while	while	SCONJ
iiclr-17591	974	19	the	the	DET
iiclr-17591	974	20	second	second	ADJ
iiclr-17591	974	21	and	and	CCONJ
iiclr-17591	974	22	third	third	ADJ
iiclr-17591	974	23	do	do	AUX
iiclr-17591	974	24	not	not	PART
iiclr-17591	974	25	require	require	VERB
iiclr-17591	974	26	the	the	DET
iiclr-17591	974	27	consensus	consensus	NOUN
iiclr-17591	974	28	of	of	ADP
iiclr-17591	974	29	the	the	DET
iiclr-17591	974	30	majority	majority	NOUN
iiclr-17591	974	31	of	of	ADP
iiclr-17591	974	32	shareholders	shareholder	NOUN
iiclr-17591	974	33	,	,	PUNCT
iiclr-17591	974	34	the	the	DET
iiclr-17591	974	35	first	first	ADJ
iiclr-17591	974	36	does	do	VERB
iiclr-17591	974	37	.	.	PUNCT
iiclr-17591	975	1	this	this	PRON
iiclr-17591	975	2	may	may	AUX
iiclr-17591	975	3	have	have	VERB
iiclr-17591	975	4	important	important	ADJ
iiclr-17591	975	5	consequences	consequence	NOUN
iiclr-17591	975	6	.	.	PUNCT
iiclr-17591	976	1	as	as	SCONJ
iiclr-17591	976	2	paragraph	paragraph	PROPN
iiclr-17591	976	3	v.a	v.a	PROPN
iiclr-17591	976	4	.	.	PROPN
iiclr-17591	976	5	will	will	AUX
iiclr-17591	976	6	show	show	VERB
iiclr-17591	976	7	,	,	PUNCT
iiclr-17591	976	8	an	an	DET
iiclr-17591	976	9	overwhelming	overwhelming	ADJ
iiclr-17591	976	10	majority	majority	NOUN
iiclr-17591	976	11	of	of	ADP
iiclr-17591	976	12	the	the	DET
iiclr-17591	976	13	actions	action	NOUN
iiclr-17591	976	14	against	against	ADP
iiclr-17591	976	15	directors	director	NOUN
iiclr-17591	976	16	is	be	AUX
iiclr-17591	976	17	brought	bring	VERB
iiclr-17591	976	18	by	by	ADP
iiclr-17591	976	19	bankruptcy	bankruptcy	NOUN
iiclr-17591	976	20	trustees	trustee	NOUN
iiclr-17591	976	21	.	.	PUNCT
iiclr-17591	977	1	actions	action	NOUN
iiclr-17591	977	2	brought	bring	VERB
iiclr-17591	977	3	by	by	ADP
iiclr-17591	977	4	companies	company	NOUN
iiclr-17591	977	5	in	in	ADP
iiclr-17591	977	6	an	an	DET
iiclr-17591	977	7	ordinary	ordinary	ADJ
iiclr-17591	977	8	situation	situation	NOUN
iiclr-17591	977	9	following	follow	VERB
iiclr-17591	977	10	a	a	DET
iiclr-17591	977	11	vote	vote	NOUN
iiclr-17591	977	12	by	by	ADP
iiclr-17591	977	13	the	the	DET
iiclr-17591	977	14	majority	majority	NOUN
iiclr-17591	977	15	of	of	ADP
iiclr-17591	977	16	shareholders	shareholder	NOUN
iiclr-17591	977	17	are	be	AUX
iiclr-17591	977	18	very	very	ADV
iiclr-17591	977	19	rare	rare	ADJ
iiclr-17591	977	20	and	and	CCONJ
iiclr-17591	977	21	so	so	ADV
iiclr-17591	977	22	are	be	AUX
iiclr-17591	977	23	actions	action	NOUN
iiclr-17591	977	24	brought	bring	VERB
iiclr-17591	977	25	under	under	ADP
iiclr-17591	977	26	civil	civil	ADJ
iiclr-17591	977	27	code	code	NOUN
iiclr-17591	977	28	art	art	NOUN
iiclr-17591	977	29	.	.	PUNCT
iiclr-17591	978	1	2409	2409	NUM
iiclr-17591	978	2	(	(	PUNCT
iiclr-17591	978	3	italy	italy	PROPN
iiclr-17591	978	4	)	)	PUNCT
iiclr-17591	978	5	by	by	ADP
iiclr-17591	978	6	administrators	administrator	NOUN
iiclr-17591	978	7	appointed	appoint	VERB
iiclr-17591	978	8	by	by	ADP
iiclr-17591	978	9	the	the	DET
iiclr-17591	978	10	court	court	NOUN
iiclr-17591	978	11	.	.	PUNCT
iiclr-17591	979	1	leaving	leave	VERB
iiclr-17591	979	2	for	for	ADP
iiclr-17591	979	3	further	further	ADJ
iiclr-17591	979	4	consideration	consideration	NOUN
iiclr-17591	979	5	this	this	DET
iiclr-17591	979	6	last	last	ADJ
iiclr-17591	979	7	hypothesis	hypothesis	NOUN
iiclr-17591	979	8	(	(	PUNCT
iiclr-17591	979	9	infra	infra	NOUN
iiclr-17591	979	10	note	note	VERB
iiclr-17591	979	11	278	278	NUM
iiclr-17591	979	12	and	and	CCONJ
iiclr-17591	979	13	accompanying	accompany	VERB
iiclr-17591	979	14	text	text	NOUN
iiclr-17591	979	15	)	)	PUNCT
iiclr-17591	979	16	,	,	PUNCT
iiclr-17591	979	17	several	several	ADJ
iiclr-17591	979	18	explanations	explanation	NOUN
iiclr-17591	979	19	for	for	ADP
iiclr-17591	979	20	the	the	DET
iiclr-17591	979	21	asymmetric	asymmetric	ADJ
iiclr-17591	979	22	distribution	distribution	NOUN
iiclr-17591	979	23	of	of	ADP
iiclr-17591	979	24	liability	liability	NOUN
iiclr-17591	979	25	actions	action	NOUN
iiclr-17591	979	26	brought	bring	VERB
iiclr-17591	979	27	by	by	ADP
iiclr-17591	979	28	the	the	DET
iiclr-17591	979	29	majority	majority	NOUN
iiclr-17591	979	30	of	of	ADP
iiclr-17591	979	31	shareholders	shareholder	NOUN
iiclr-17591	979	32	and	and	CCONJ
iiclr-17591	979	33	by	by	ADP
iiclr-17591	979	34	bankruptcy	bankruptcy	NOUN
iiclr-17591	979	35	trustees	trustee	NOUN
iiclr-17591	979	36	can	can	AUX
iiclr-17591	979	37	be	be	AUX
iiclr-17591	979	38	offered	offer	VERB
iiclr-17591	979	39	.	.	PUNCT
iiclr-17591	980	1	civ	civ	NOUN
iiclr-17591	980	2	.	.	PROPN
iiclr-17591	980	3	,	,	PUNCT
iiclr-17591	980	4	1991	1991	NUM
iiclr-17591	980	5	le	le	X
iiclr-17591	980	6	societa	societa	PROPN
iiclr-17591	980	7	1349	1349	NUM
iiclr-17591	980	8	(	(	PUNCT
iiclr-17591	980	9	narrowing	narrow	VERB
iiclr-17591	980	10	the	the	DET
iiclr-17591	980	11	broad	broad	ADJ
iiclr-17591	980	12	statements	statement	NOUN
iiclr-17591	980	13	of	of	ADP
iiclr-17591	980	14	the	the	DET
iiclr-17591	980	15	preceding	precede	VERB
iiclr-17591	980	16	cases	case	NOUN
iiclr-17591	980	17	,	,	PUNCT
iiclr-17591	980	18	in	in	ADP
iiclr-17591	980	19	a	a	DET
iiclr-17591	980	20	fact	fact	NOUN
iiclr-17591	980	21	pattern	pattern	NOUN
iiclr-17591	980	22	where	where	SCONJ
iiclr-17591	980	23	it	it	PRON
iiclr-17591	980	24	was	be	AUX
iiclr-17591	980	25	probably	probably	ADV
iiclr-17591	980	26	not	not	PART
iiclr-17591	980	27	strictly	strictly	ADV
iiclr-17591	980	28	necessary	necessary	ADJ
iiclr-17591	980	29	)	)	PUNCT
iiclr-17591	980	30	.	.	PUNCT
iiclr-17591	981	1	106	106	NUM
iiclr-17591	981	2	.	.	PUNCT
iiclr-17591	982	1	the	the	DET
iiclr-17591	982	2	procedure	procedure	NOUN
iiclr-17591	982	3	has	have	VERB
iiclr-17591	982	4	wider	wide	ADJ
iiclr-17591	982	5	legal	legal	ADJ
iiclr-17591	982	6	grounds	ground	NOUN
iiclr-17591	982	7	for	for	ADP
iiclr-17591	982	8	listed	list	VERB
iiclr-17591	982	9	companies	company	NOUN
iiclr-17591	982	10	and	and	CCONJ
iiclr-17591	982	11	standing	standing	NOUN
iiclr-17591	982	12	requirements	requirement	NOUN
iiclr-17591	982	13	for	for	ADP
iiclr-17591	982	14	large	large	ADJ
iiclr-17591	982	15	groups	group	NOUN
iiclr-17591	982	16	with	with	ADP
iiclr-17591	982	17	insolvent	insolvent	ADJ
iiclr-17591	982	18	companies	company	NOUN
iiclr-17591	982	19	(	(	PUNCT
iiclr-17591	982	20	see	see	VERB
iiclr-17591	982	21	ferrara	ferrara	NOUN
iiclr-17591	982	22	&	&	CCONJ
iiclr-17591	982	23	corsi	corsi	PROPN
iiclr-17591	982	24	,	,	PUNCT
iiclr-17591	982	25	supra	supra	PROPN
iiclr-17591	982	26	note	note	NOUN
iiclr-17591	982	27	2	2	NUM
iiclr-17591	982	28	,	,	PUNCT
iiclr-17591	982	29	at	at	ADP
iiclr-17591	982	30	605	605	NUM
iiclr-17591	982	31	)	)	PUNCT
iiclr-17591	982	32	,	,	PUNCT
iiclr-17591	982	33	and	and	CCONJ
iiclr-17591	982	34	is	be	AUX
iiclr-17591	982	35	inapplicable	inapplicable	ADJ
iiclr-17591	982	36	to	to	ADP
iiclr-17591	982	37	banks	bank	NOUN
iiclr-17591	982	38	,	,	PUNCT
iiclr-17591	982	39	where	where	SCONJ
iiclr-17591	982	40	its	its	PRON
iiclr-17591	982	41	place	place	NOUN
iiclr-17591	982	42	is	be	AUX
iiclr-17591	982	43	taken	take	VERB
iiclr-17591	982	44	by	by	ADP
iiclr-17591	982	45	a	a	DET
iiclr-17591	982	46	procedure	procedure	NOUN
iiclr-17591	982	47	aiming	aim	VERB
iiclr-17591	982	48	at	at	ADP
iiclr-17591	982	49	an	an	DET
iiclr-17591	982	50	intervention	intervention	NOUN
iiclr-17591	982	51	by	by	ADP
iiclr-17591	982	52	the	the	DET
iiclr-17591	982	53	bank	bank	PROPN
iiclr-17591	982	54	of	of	ADP
iiclr-17591	982	55	italy	italy	PROPN
iiclr-17591	982	56	(	(	PUNCT
iiclr-17591	982	57	art	art	NOUN
iiclr-17591	982	58	.	.	PUNCT
iiclr-17591	983	1	70(7	70(7	X
iiclr-17591	983	2	)	)	PUNCT
iiclr-17591	983	3	legislative	legislative	ADJ
iiclr-17591	983	4	decree	decree	NOUN
iiclr-17591	983	5	of	of	ADP
iiclr-17591	983	6	sept	sept	PROPN
iiclr-17591	983	7	.	.	PROPN
iiclr-17591	983	8	1	1	NUM
iiclr-17591	983	9	,	,	PUNCT
iiclr-17591	983	10	1993	1993	NUM
iiclr-17591	983	11	,	,	PUNCT
iiclr-17591	983	12	no	no	INTJ
iiclr-17591	983	13	.	.	NOUN
iiclr-17591	983	14	385	385	NUM
iiclr-17591	983	15	)	)	PUNCT
iiclr-17591	983	16	.	.	PUNCT
iiclr-17591	984	1	107	107	NUM
iiclr-17591	984	2	.	.	PUNCT
iiclr-17591	985	1	the	the	DET
iiclr-17591	985	2	trustee	trustee	NOUN
iiclr-17591	985	3	acts	act	VERB
iiclr-17591	985	4	also	also	ADV
iiclr-17591	985	5	on	on	ADP
iiclr-17591	985	6	behalf	behalf	NOUN
iiclr-17591	985	7	of	of	ADP
iiclr-17591	985	8	creditors	creditor	NOUN
iiclr-17591	985	9	,	,	PUNCT
iiclr-17591	985	10	who	who	PRON
iiclr-17591	985	11	lose	lose	VERB
iiclr-17591	985	12	individual	individual	ADJ
iiclr-17591	985	13	standing	standing	NOUN
iiclr-17591	985	14	(	(	PUNCT
iiclr-17591	985	15	see	see	VERB
iiclr-17591	985	16	supra	supra	PROPN
iiclr-17591	985	17	note	note	VERB
iiclr-17591	985	18	92	92	NUM
iiclr-17591	985	19	and	and	CCONJ
iiclr-17591	985	20	accompanying	accompany	VERB
iiclr-17591	985	21	text	text	NOUN
iiclr-17591	985	22	)	)	PUNCT
iiclr-17591	985	23	.	.	PUNCT
iiclr-17591	986	1	108	108	NUM
iiclr-17591	986	2	.	.	PUNCT
iiclr-17591	986	3	special	special	ADJ
iiclr-17591	986	4	insolvency	insolvency	NOUN
iiclr-17591	986	5	procedures	procedure	NOUN
iiclr-17591	986	6	for	for	ADP
iiclr-17591	986	7	particular	particular	ADJ
iiclr-17591	986	8	kinds	kind	NOUN
iiclr-17591	986	9	of	of	ADP
iiclr-17591	986	10	companies	company	NOUN
iiclr-17591	986	11	provide	provide	VERB
iiclr-17591	986	12	for	for	ADP
iiclr-17591	986	13	an	an	DET
iiclr-17591	986	14	action	action	NOUN
iiclr-17591	986	15	identical	identical	ADJ
iiclr-17591	986	16	in	in	ADP
iiclr-17591	986	17	structure	structure	NOUN
iiclr-17591	986	18	:	:	PUNCT
iiclr-17591	986	19	e.g.	e.g.	ADV
iiclr-17591	986	20	,	,	PUNCT
iiclr-17591	986	21	the	the	DET
iiclr-17591	986	22	action	action	NOUN
iiclr-17591	986	23	is	be	AUX
iiclr-17591	986	24	brought	bring	VERB
iiclr-17591	986	25	by	by	ADP
iiclr-17591	986	26	the	the	DET
iiclr-17591	986	27	appointed	appoint	VERB
iiclr-17591	986	28	commissioner	commissioner	NOUN
iiclr-17591	986	29	during	during	ADP
iiclr-17591	986	30	the	the	DET
iiclr-17591	986	31	forced	force	VERB
iiclr-17591	986	32	administrative	administrative	ADJ
iiclr-17591	986	33	liquidation	liquidation	NOUN
iiclr-17591	986	34	procedure	procedure	NOUN
iiclr-17591	986	35	,	,	PUNCT
iiclr-17591	986	36	authorized	authorize	VERB
iiclr-17591	986	37	by	by	ADP
iiclr-17591	986	38	the	the	DET
iiclr-17591	986	39	supervising	supervise	VERB
iiclr-17591	986	40	administrative	administrative	ADJ
iiclr-17591	986	41	agency	agency	PROPN
iiclr-17591	986	42	(	(	PUNCT
iiclr-17591	986	43	art	art	NOUN
iiclr-17591	986	44	.	.	PUNCT
iiclr-17591	987	1	206	206	NUM
iiclr-17591	987	2	,	,	PUNCT
iiclr-17591	987	3	royal	royal	ADJ
iiclr-17591	987	4	decree	decree	NOUN
iiclr-17591	987	5	of	of	ADP
iiclr-17591	987	6	mar	mar	PROPN
iiclr-17591	987	7	.	.	PROPN
iiclr-17591	987	8	16	16	NUM
iiclr-17591	987	9	,	,	PUNCT
iiclr-17591	987	10	no	no	INTJ
iiclr-17591	987	11	.	.	NOUN
iiclr-17591	987	12	267	267	NUM
iiclr-17591	987	13	;	;	PUNCT
iiclr-17591	987	14	for	for	ADP
iiclr-17591	987	15	banks	bank	NOUN
iiclr-17591	987	16	,	,	PUNCT
iiclr-17591	987	17	art	art	NOUN
iiclr-17591	987	18	.	.	PUNCT
iiclr-17591	988	1	84(5	84(5	NUM
iiclr-17591	988	2	)	)	PUNCT
iiclr-17591	988	3	,	,	PUNCT
iiclr-17591	988	4	legislative	legislative	ADJ
iiclr-17591	988	5	decree	decree	NOUN
iiclr-17591	988	6	of	of	ADP
iiclr-17591	988	7	sept	sept	PROPN
iiclr-17591	988	8	.	.	PROPN
iiclr-17591	988	9	1	1	NUM
iiclr-17591	988	10	,	,	PUNCT
iiclr-17591	988	11	1993	1993	NUM
iiclr-17591	988	12	,	,	PUNCT
iiclr-17591	988	13	no	no	INTJ
iiclr-17591	988	14	.	.	NOUN
iiclr-17591	988	15	385	385	NUM
iiclr-17591	988	16	,	,	PUNCT
iiclr-17591	988	17	authorization	authorization	NOUN
iiclr-17591	988	18	by	by	ADP
iiclr-17591	988	19	the	the	DET
iiclr-17591	988	20	bank	bank	PROPN
iiclr-17591	988	21	of	of	ADP
iiclr-17591	988	22	italy	italy	PROPN
iiclr-17591	988	23	)	)	PUNCT
iiclr-17591	988	24	,	,	PUNCT
iiclr-17591	988	25	and	and	CCONJ
iiclr-17591	988	26	by	by	ADP
iiclr-17591	988	27	the	the	DET
iiclr-17591	988	28	administrator	administrator	NOUN
iiclr-17591	988	29	during	during	ADP
iiclr-17591	988	30	the	the	DET
iiclr-17591	988	31	special	special	ADJ
iiclr-17591	988	32	reorganization	reorganization	NOUN
iiclr-17591	988	33	procedure	procedure	NOUN
iiclr-17591	988	34	for	for	ADP
iiclr-17591	988	35	large	large	ADJ
iiclr-17591	988	36	enterprises	enterprise	NOUN
iiclr-17591	988	37	(	(	PUNCT
iiclr-17591	988	38	art	art	NOUN
iiclr-17591	988	39	.	.	PUNCT
iiclr-17591	989	1	3(6	3(6	PROPN
iiclr-17591	989	2	)	)	PUNCT
iiclr-17591	989	3	,	,	PUNCT
iiclr-17591	989	4	law	law	NOUN
iiclr-17591	989	5	of	of	ADP
iiclr-17591	989	6	apr	apr	PROPN
iiclr-17591	989	7	.	.	PROPN
iiclr-17591	990	1	3	3	NUM
iiclr-17591	990	2	,	,	PUNCT
iiclr-17591	990	3	1979	1979	NUM
iiclr-17591	990	4	,	,	PUNCT
iiclr-17591	990	5	no	no	INTJ
iiclr-17591	990	6	.	.	NOUN
iiclr-17591	990	7	95	95	NUM
iiclr-17591	990	8	)	)	PUNCT
iiclr-17591	990	9	(	(	PUNCT
iiclr-17591	990	10	for	for	ADP
iiclr-17591	990	11	some	some	DET
iiclr-17591	990	12	other	other	ADJ
iiclr-17591	990	13	cases	case	NOUN
iiclr-17591	990	14	and	and	CCONJ
iiclr-17591	990	15	more	more	ADJ
iiclr-17591	990	16	details	detail	NOUN
iiclr-17591	990	17	,	,	PUNCT
iiclr-17591	990	18	see	see	VERB
iiclr-17591	990	19	bonelli	bonelli	PROPN
iiclr-17591	990	20	,	,	PUNCT
iiclr-17591	990	21	supra	supra	PROPN
iiclr-17591	990	22	note	note	NOUN
iiclr-17591	990	23	90	90	NUM
iiclr-17591	990	24	,	,	PUNCT
iiclr-17591	990	25	at	at	ADP
iiclr-17591	990	26	174	174	NUM
iiclr-17591	990	27	-	-	SYM
iiclr-17591	990	28	76	76	NUM
iiclr-17591	990	29	)	)	PUNCT
iiclr-17591	990	30	.	.	PUNCT
iiclr-17591	991	1	1995	1995	NUM
iiclr-17591	991	2	]	]	X
iiclr-17591	991	3	ind	ind	NOUN
iiclr-17591	991	4	.	.	PUNCT
iiclr-17591	992	1	int'l	int'l	PROPN
iiclr-17591	992	2	&	&	CCONJ
iiclr-17591	992	3	comp	comp	PROPN
iiclr-17591	992	4	.	.	PUNCT
iiclr-17591	993	1	l	l	PROPN
iiclr-17591	993	2	rev	rev	PROPN
iiclr-17591	993	3	.	.	PUNCT
iiclr-17591	994	1	first	first	ADV
iiclr-17591	994	2	,	,	PUNCT
iiclr-17591	994	3	it	it	PRON
iiclr-17591	994	4	is	be	AUX
iiclr-17591	994	5	a	a	DET
iiclr-17591	994	6	common	common	ADJ
iiclr-17591	994	7	experience	experience	NOUN
iiclr-17591	994	8	that	that	SCONJ
iiclr-17591	994	9	bankruptcy	bankruptcy	NOUN
iiclr-17591	994	10	trustees	trustee	NOUN
iiclr-17591	994	11	often	often	ADV
iiclr-17591	994	12	look	look	VERB
iiclr-17591	994	13	for	for	ADP
iiclr-17591	994	14	expedients	expedient	NOUN
iiclr-17591	994	15	to	to	PART
iiclr-17591	994	16	increase	increase	VERB
iiclr-17591	994	17	the	the	DET
iiclr-17591	994	18	value	value	NOUN
iiclr-17591	994	19	of	of	ADP
iiclr-17591	994	20	the	the	DET
iiclr-17591	994	21	estate	estate	NOUN
iiclr-17591	994	22	,	,	PUNCT
iiclr-17591	994	23	and	and	CCONJ
iiclr-17591	994	24	courts	court	NOUN
iiclr-17591	994	25	tend	tend	VERB
iiclr-17591	994	26	to	to	PART
iiclr-17591	994	27	be	be	AUX
iiclr-17591	994	28	sympathetic	sympathetic	ADJ
iiclr-17591	994	29	to	to	ADP
iiclr-17591	994	30	trustees	trustee	NOUN
iiclr-17591	994	31	.	.	PUNCT
iiclr-17591	995	1	°	°	ADP
iiclr-17591	995	2	9	9	NUM
iiclr-17591	995	3	the	the	DET
iiclr-17591	995	4	higher	high	ADJ
iiclr-17591	995	5	number	number	NOUN
iiclr-17591	995	6	of	of	ADP
iiclr-17591	995	7	suits	suit	NOUN
iiclr-17591	995	8	against	against	ADP
iiclr-17591	995	9	directors	director	NOUN
iiclr-17591	995	10	of	of	ADP
iiclr-17591	995	11	bankrupt	bankrupt	ADJ
iiclr-17591	995	12	companies	company	NOUN
iiclr-17591	995	13	can	can	AUX
iiclr-17591	995	14	therefore	therefore	ADV
iiclr-17591	995	15	be	be	AUX
iiclr-17591	995	16	explained	explain	VERB
iiclr-17591	995	17	as	as	ADP
iiclr-17591	995	18	the	the	DET
iiclr-17591	995	19	product	product	NOUN
iiclr-17591	995	20	of	of	ADP
iiclr-17591	995	21	abnormal	abnormal	ADJ
iiclr-17591	995	22	judicial	judicial	ADJ
iiclr-17591	995	23	pressure	pressure	NOUN
iiclr-17591	995	24	against	against	ADP
iiclr-17591	995	25	directors	director	NOUN
iiclr-17591	995	26	in	in	ADP
iiclr-17591	995	27	such	such	DET
iiclr-17591	995	28	a	a	DET
iiclr-17591	995	29	setting	setting	NOUN
iiclr-17591	995	30	.	.	PUNCT
iiclr-17591	996	1	second	second	ADJ
iiclr-17591	996	2	,	,	PUNCT
iiclr-17591	996	3	it	it	PRON
iiclr-17591	996	4	is	be	AUX
iiclr-17591	996	5	much	much	ADV
iiclr-17591	996	6	more	more	ADV
iiclr-17591	996	7	likely	likely	ADJ
iiclr-17591	996	8	that	that	SCONJ
iiclr-17591	996	9	previous	previous	ADJ
iiclr-17591	996	10	mistakes	mistake	NOUN
iiclr-17591	996	11	or	or	CCONJ
iiclr-17591	996	12	wrongdoings	wrongdoing	NOUN
iiclr-17591	996	13	are	be	AUX
iiclr-17591	996	14	found	find	VERB
iiclr-17591	996	15	in	in	ADP
iiclr-17591	996	16	the	the	DET
iiclr-17591	996	17	pre	pre	ADJ
iiclr-17591	996	18	-	-	ADJ
iiclr-17591	996	19	bankruptcy	bankruptcy	ADJ
iiclr-17591	996	20	management	management	NOUN
iiclr-17591	996	21	of	of	ADP
iiclr-17591	996	22	bankrupt	bankrupt	ADJ
iiclr-17591	996	23	companies	company	NOUN
iiclr-17591	996	24	because	because	SCONJ
iiclr-17591	996	25	such	such	ADJ
iiclr-17591	996	26	actions	action	NOUN
iiclr-17591	996	27	tend	tend	VERB
iiclr-17591	996	28	to	to	PART
iiclr-17591	996	29	result	result	VERB
iiclr-17591	996	30	in	in	ADP
iiclr-17591	996	31	the	the	DET
iiclr-17591	996	32	company	company	NOUN
iiclr-17591	996	33	's	's	PART
iiclr-17591	996	34	insolvency	insolvency	NOUN
iiclr-17591	996	35	more	more	ADV
iiclr-17591	996	36	than	than	SCONJ
iiclr-17591	996	37	normal	normal	ADJ
iiclr-17591	996	38	managerial	managerial	ADJ
iiclr-17591	996	39	action	action	NOUN
iiclr-17591	996	40	does	do	VERB
iiclr-17591	996	41	.	.	PUNCT
iiclr-17591	997	1	the	the	DET
iiclr-17591	997	2	higher	high	ADJ
iiclr-17591	997	3	number	number	NOUN
iiclr-17591	997	4	of	of	ADP
iiclr-17591	997	5	suits	suit	NOUN
iiclr-17591	997	6	against	against	ADP
iiclr-17591	997	7	directors	director	NOUN
iiclr-17591	997	8	of	of	ADP
iiclr-17591	997	9	bankrupt	bankrupt	ADJ
iiclr-17591	997	10	companies	company	NOUN
iiclr-17591	997	11	can	can	AUX
iiclr-17591	997	12	therefore	therefore	ADV
iiclr-17591	997	13	be	be	AUX
iiclr-17591	997	14	seen	see	VERB
iiclr-17591	997	15	simply	simply	ADV
iiclr-17591	997	16	as	as	ADP
iiclr-17591	997	17	a	a	DET
iiclr-17591	997	18	judicial	judicial	ADJ
iiclr-17591	997	19	reaction	reaction	NOUN
iiclr-17591	997	20	to	to	ADP
iiclr-17591	997	21	illegal	illegal	ADJ
iiclr-17591	997	22	actions	action	NOUN
iiclr-17591	997	23	that	that	PRON
iiclr-17591	997	24	lead	lead	VERB
iiclr-17591	997	25	a	a	DET
iiclr-17591	997	26	company	company	NOUN
iiclr-17591	997	27	into	into	ADP
iiclr-17591	997	28	bankruptcy	bankruptcy	NOUN
iiclr-17591	997	29	.	.	PUNCT
iiclr-17591	998	1	the	the	DET
iiclr-17591	998	2	first	first	ADJ
iiclr-17591	998	3	explanation	explanation	NOUN
iiclr-17591	998	4	assumes	assume	VERB
iiclr-17591	998	5	an	an	DET
iiclr-17591	998	6	abnormal	abnormal	ADJ
iiclr-17591	998	7	distribution	distribution	NOUN
iiclr-17591	998	8	of	of	ADP
iiclr-17591	998	9	judicial	judicial	ADJ
iiclr-17591	998	10	reactions	reaction	NOUN
iiclr-17591	998	11	,	,	PUNCT
iiclr-17591	998	12	the	the	DET
iiclr-17591	998	13	second	second	ADJ
iiclr-17591	998	14	an	an	DET
iiclr-17591	998	15	abnormal	abnormal	ADJ
iiclr-17591	998	16	distribution	distribution	NOUN
iiclr-17591	998	17	of	of	ADP
iiclr-17591	998	18	starting	start	VERB
iiclr-17591	998	19	points	point	NOUN
iiclr-17591	998	20	with	with	ADP
iiclr-17591	998	21	which	which	PRON
iiclr-17591	998	22	courts	court	NOUN
iiclr-17591	998	23	deal	deal	VERB
iiclr-17591	998	24	in	in	ADP
iiclr-17591	998	25	a	a	DET
iiclr-17591	998	26	neutral	neutral	ADJ
iiclr-17591	998	27	way	way	NOUN
iiclr-17591	998	28	.	.	PUNCT
iiclr-17591	999	1	both	both	DET
iiclr-17591	999	2	explanations	explanation	NOUN
iiclr-17591	999	3	are	be	AUX
iiclr-17591	999	4	probably	probably	ADV
iiclr-17591	999	5	true	true	ADJ
iiclr-17591	999	6	,	,	PUNCT
iiclr-17591	999	7	but	but	CCONJ
iiclr-17591	999	8	not	not	PART
iiclr-17591	999	9	exhaustive	exhaustive	ADJ
iiclr-17591	999	10	;	;	PUNCT
iiclr-17591	999	11	in	in	ADP
iiclr-17591	999	12	my	my	PRON
iiclr-17591	999	13	opinion	opinion	NOUN
iiclr-17591	999	14	,	,	PUNCT
iiclr-17591	999	15	a	a	DET
iiclr-17591	999	16	third	third	ADJ
iiclr-17591	999	17	possibility	possibility	NOUN
iiclr-17591	999	18	exists	exist	VERB
iiclr-17591	999	19	.	.	PUNCT
iiclr-17591	1000	1	as	as	SCONJ
iiclr-17591	1000	2	previously	previously	ADV
iiclr-17591	1000	3	discussed	discuss	VERB
iiclr-17591	1000	4	,	,	PUNCT
iiclr-17591	1000	5	to	to	PART
iiclr-17591	1000	6	bring	bring	VERB
iiclr-17591	1000	7	an	an	DET
iiclr-17591	1000	8	action	action	NOUN
iiclr-17591	1000	9	against	against	ADP
iiclr-17591	1000	10	directors	director	NOUN
iiclr-17591	1000	11	,	,	PUNCT
iiclr-17591	1000	12	a	a	DET
iiclr-17591	1000	13	majority	majority	NOUN
iiclr-17591	1000	14	vote	vote	NOUN
iiclr-17591	1000	15	by	by	ADP
iiclr-17591	1000	16	shareholders	shareholder	NOUN
iiclr-17591	1000	17	is	be	AUX
iiclr-17591	1000	18	necessary	necessary	ADJ
iiclr-17591	1000	19	.	.	PUNCT
iiclr-17591	1001	1	no	no	DET
iiclr-17591	1001	2	conclusion	conclusion	NOUN
iiclr-17591	1001	3	can	can	AUX
iiclr-17591	1001	4	therefore	therefore	ADV
iiclr-17591	1001	5	be	be	AUX
iiclr-17591	1001	6	drawn	draw	VERB
iiclr-17591	1001	7	from	from	ADP
iiclr-17591	1001	8	a	a	DET
iiclr-17591	1001	9	simple	simple	ADJ
iiclr-17591	1001	10	analysis	analysis	NOUN
iiclr-17591	1001	11	of	of	ADP
iiclr-17591	1001	12	the	the	DET
iiclr-17591	1001	13	actions	action	NOUN
iiclr-17591	1001	14	actually	actually	ADV
iiclr-17591	1001	15	instituted	institute	VERB
iiclr-17591	1001	16	without	without	ADP
iiclr-17591	1001	17	at	at	ADP
iiclr-17591	1001	18	least	least	ADJ
iiclr-17591	1001	19	taking	take	VERB
iiclr-17591	1001	20	into	into	ADP
iiclr-17591	1001	21	consideration	consideration	NOUN
iiclr-17591	1001	22	the	the	DET
iiclr-17591	1001	23	possible	possible	ADJ
iiclr-17591	1001	24	number	number	NOUN
iiclr-17591	1001	25	of	of	ADP
iiclr-17591	1001	26	actions	action	NOUN
iiclr-17591	1001	27	that	that	PRON
iiclr-17591	1001	28	the	the	DET
iiclr-17591	1001	29	majority	majority	NOUN
iiclr-17591	1001	30	has	have	AUX
iiclr-17591	1001	31	stopped	stop	VERB
iiclr-17591	1001	32	.	.	PUNCT
iiclr-17591	1002	1	in	in	ADP
iiclr-17591	1002	2	other	other	ADJ
iiclr-17591	1002	3	words	word	NOUN
iiclr-17591	1002	4	,	,	PUNCT
iiclr-17591	1002	5	a	a	DET
iiclr-17591	1002	6	correct	correct	ADJ
iiclr-17591	1002	7	statistic	statistic	NOUN
iiclr-17591	1002	8	should	should	AUX
iiclr-17591	1002	9	include	include	VERB
iiclr-17591	1002	10	both	both	DET
iiclr-17591	1002	11	liability	liability	NOUN
iiclr-17591	1002	12	suits	suit	NOUN
iiclr-17591	1002	13	which	which	PRON
iiclr-17591	1002	14	were	be	AUX
iiclr-17591	1002	15	actually	actually	ADV
iiclr-17591	1002	16	brought	bring	VERB
iiclr-17591	1002	17	and	and	CCONJ
iiclr-17591	1002	18	those	those	PRON
iiclr-17591	1002	19	which	which	PRON
iiclr-17591	1002	20	were	be	AUX
iiclr-17591	1002	21	not	not	PART
iiclr-17591	1002	22	.	.	PUNCT
iiclr-17591	1003	1	unfortunately	unfortunately	ADV
iiclr-17591	1003	2	,	,	PUNCT
iiclr-17591	1003	3	published	publish	VERB
iiclr-17591	1003	4	court	court	NOUN
iiclr-17591	1003	5	reporters	reporter	NOUN
iiclr-17591	1003	6	give	give	VERB
iiclr-17591	1003	7	accounts	account	NOUN
iiclr-17591	1003	8	6f	6f	NUM
iiclr-17591	1003	9	the	the	DET
iiclr-17591	1003	10	former	former	ADJ
iiclr-17591	1003	11	,	,	PUNCT
iiclr-17591	1003	12	but	but	CCONJ
iiclr-17591	1003	13	not	not	PART
iiclr-17591	1003	14	of	of	ADP
iiclr-17591	1003	15	the	the	DET
iiclr-17591	1003	16	latter	latter	ADJ
iiclr-17591	1003	17	.	.	PUNCT
iiclr-17591	1004	1	an	an	DET
iiclr-17591	1004	2	indirect	indirect	ADJ
iiclr-17591	1004	3	method	method	NOUN
iiclr-17591	1004	4	can	can	AUX
iiclr-17591	1004	5	be	be	AUX
iiclr-17591	1004	6	used	use	VERB
iiclr-17591	1004	7	to	to	PART
iiclr-17591	1004	8	second	second	ADJ
iiclr-17591	1004	9	-	-	PUNCT
iiclr-17591	1004	10	guess	guess	VERB
iiclr-17591	1004	11	the	the	DET
iiclr-17591	1004	12	system	system	NOUN
iiclr-17591	1004	13	of	of	ADP
iiclr-17591	1004	14	directors	director	NOUN
iiclr-17591	1004	15	'	'	PART
iiclr-17591	1004	16	liability	liability	NOUN
iiclr-17591	1004	17	without	without	ADP
iiclr-17591	1004	18	a	a	DET
iiclr-17591	1004	19	majority	majority	NOUN
iiclr-17591	1004	20	vote	vote	NOUN
iiclr-17591	1004	21	requirement	requirement	NOUN
iiclr-17591	1004	22	,	,	PUNCT
iiclr-17591	1004	23	however	however	ADV
iiclr-17591	1004	24	.	.	PUNCT
iiclr-17591	1005	1	we	we	PRON
iiclr-17591	1005	2	should	should	AUX
iiclr-17591	1005	3	look	look	VERB
iiclr-17591	1005	4	for	for	ADP
iiclr-17591	1005	5	cases	case	NOUN
iiclr-17591	1005	6	that	that	PRON
iiclr-17591	1005	7	show	show	VERB
iiclr-17591	1005	8	an	an	DET
iiclr-17591	1005	9	attempt	attempt	NOUN
iiclr-17591	1005	10	to	to	PART
iiclr-17591	1005	11	reach	reach	VERB
iiclr-17591	1005	12	the	the	DET
iiclr-17591	1005	13	same	same	ADJ
iiclr-17591	1005	14	goal	goal	NOUN
iiclr-17591	1005	15	:	:	PUNCT
iiclr-17591	1005	16	to	to	PART
iiclr-17591	1005	17	put	put	VERB
iiclr-17591	1005	18	pressure	pressure	NOUN
iiclr-17591	1005	19	on	on	ADP
iiclr-17591	1005	20	the	the	DET
iiclr-17591	1005	21	majority	majority	NOUN
iiclr-17591	1005	22	and	and	CCONJ
iiclr-17591	1005	23	on	on	ADP
iiclr-17591	1005	24	directors	director	NOUN
iiclr-17591	1005	25	for	for	ADP
iiclr-17591	1005	26	some	some	DET
iiclr-17591	1005	27	kind	kind	NOUN
iiclr-17591	1005	28	of	of	ADP
iiclr-17591	1005	29	alleged	alleged	ADJ
iiclr-17591	1005	30	wrongdoing	wrongdoing	NOUN
iiclr-17591	1005	31	.	.	PUNCT
iiclr-17591	1006	1	among	among	ADP
iiclr-17591	1006	2	these	these	DET
iiclr-17591	1006	3	cases	case	NOUN
iiclr-17591	1006	4	,	,	PUNCT
iiclr-17591	1006	5	we	we	PRON
iiclr-17591	1006	6	should	should	AUX
iiclr-17591	1006	7	try	try	VERB
iiclr-17591	1006	8	to	to	PART
iiclr-17591	1006	9	spot	spot	VERB
iiclr-17591	1006	10	those	those	PRON
iiclr-17591	1006	11	which	which	PRON
iiclr-17591	1006	12	,	,	PUNCT
iiclr-17591	1006	13	absent	absent	ADJ
iiclr-17591	1006	14	the	the	DET
iiclr-17591	1006	15	majority	majority	NOUN
iiclr-17591	1006	16	vote	vote	NOUN
iiclr-17591	1006	17	requirement	requirement	NOUN
iiclr-17591	1006	18	,	,	PUNCT
iiclr-17591	1006	19	would	would	AUX
iiclr-17591	1006	20	most	most	ADV
iiclr-17591	1006	21	likely	likely	ADV
iiclr-17591	1006	22	have	have	AUX
iiclr-17591	1006	23	concerned	concern	VERB
iiclr-17591	1006	24	a	a	DET
iiclr-17591	1006	25	minority	minority	NOUN
iiclr-17591	1006	26	suit	suit	NOUN
iiclr-17591	1006	27	against	against	ADP
iiclr-17591	1006	28	directors	director	NOUN
iiclr-17591	1006	29	.	.	PUNCT
iiclr-17591	1007	1	at	at	ADP
iiclr-17591	1007	2	that	that	DET
iiclr-17591	1007	3	point	point	NOUN
iiclr-17591	1007	4	,	,	PUNCT
iiclr-17591	1007	5	the	the	DET
iiclr-17591	1007	6	corporate	corporate	ADJ
iiclr-17591	1007	7	governance	governance	NOUN
iiclr-17591	1007	8	picture	picture	NOUN
iiclr-17591	1007	9	could	could	AUX
iiclr-17591	1007	10	be	be	AUX
iiclr-17591	1007	11	considered	consider	VERB
iiclr-17591	1007	12	almost	almost	ADV
iiclr-17591	1007	13	complete	complete	ADJ
iiclr-17591	1007	14	.	.	PUNCT
iiclr-17591	1008	1	if	if	SCONJ
iiclr-17591	1008	2	cases	case	NOUN
iiclr-17591	1008	3	showing	show	VERB
iiclr-17591	1008	4	a	a	DET
iiclr-17591	1008	5	tension	tension	NOUN
iiclr-17591	1008	6	between	between	ADP
iiclr-17591	1008	7	the	the	DET
iiclr-17591	1008	8	majority	majority	NOUN
iiclr-17591	1008	9	's	's	PART
iiclr-17591	1008	10	and	and	CCONJ
iiclr-17591	1008	11	minority	minority	NOUN
iiclr-17591	1008	12	's	's	PART
iiclr-17591	1008	13	dealing	deal	VERB
iiclr-17591	1008	14	with	with	ADP
iiclr-17591	1008	15	management	management	NOUN
iiclr-17591	1008	16	's	's	PART
iiclr-17591	1008	17	choices	choice	NOUN
iiclr-17591	1008	18	are	be	AUX
iiclr-17591	1008	19	found	find	VERB
iiclr-17591	1008	20	,	,	PUNCT
iiclr-17591	1008	21	it	it	PRON
iiclr-17591	1008	22	will	will	AUX
iiclr-17591	1008	23	be	be	AUX
iiclr-17591	1008	24	clear	clear	ADJ
iiclr-17591	1008	25	that	that	SCONJ
iiclr-17591	1008	26	the	the	DET
iiclr-17591	1008	27	law	law	NOUN
iiclr-17591	1008	28	shields	shield	VERB
iiclr-17591	1008	29	not	not	PART
iiclr-17591	1008	30	the	the	DET
iiclr-17591	1008	31	directors	director	NOUN
iiclr-17591	1008	32	as	as	ADP
iiclr-17591	1008	33	such	such	ADJ
iiclr-17591	1008	34	,	,	PUNCT
iiclr-17591	1008	35	but	but	CCONJ
iiclr-17591	1008	36	the	the	DET
iiclr-17591	1008	37	directors	director	NOUN
iiclr-17591	1008	38	as	as	ADP
iiclr-17591	1008	39	agents	agent	NOUN
iiclr-17591	1008	40	for	for	ADP
iiclr-17591	1008	41	the	the	DET
iiclr-17591	1008	42	majority	majority	NOUN
iiclr-17591	1008	43	:	:	PUNCT
iiclr-17591	1008	44	given	give	VERB
iiclr-17591	1008	45	that	that	SCONJ
iiclr-17591	1008	46	109	109	NUM
iiclr-17591	1008	47	.	.	PUNCT
iiclr-17591	1009	1	i	i	PRON
iiclr-17591	1009	2	could	could	AUX
iiclr-17591	1009	3	cite	cite	VERB
iiclr-17591	1009	4	scores	score	NOUN
iiclr-17591	1009	5	of	of	ADP
iiclr-17591	1009	6	cases	case	NOUN
iiclr-17591	1009	7	where	where	SCONJ
iiclr-17591	1009	8	courts	court	NOUN
iiclr-17591	1009	9	appeared	appear	VERB
iiclr-17591	1009	10	to	to	PART
iiclr-17591	1009	11	be	be	AUX
iiclr-17591	1009	12	biased	bias	VERB
iiclr-17591	1009	13	in	in	ADP
iiclr-17591	1009	14	favor	favor	NOUN
iiclr-17591	1009	15	of	of	ADP
iiclr-17591	1009	16	the	the	DET
iiclr-17591	1009	17	trustees	trustee	NOUN
iiclr-17591	1009	18	in	in	ADP
iiclr-17591	1009	19	bankruptcy	bankruptcy	NOUN
iiclr-17591	1009	20	(	(	PUNCT
iiclr-17591	1009	21	see	see	VERB
iiclr-17591	1009	22	,	,	PUNCT
iiclr-17591	1009	23	e.g.	e.g.	ADV
iiclr-17591	1009	24	,	,	PUNCT
iiclr-17591	1009	25	the	the	DET
iiclr-17591	1009	26	unmotivated	unmotivated	ADJ
iiclr-17591	1009	27	reasoning	reasoning	NOUN
iiclr-17591	1009	28	of	of	ADP
iiclr-17591	1009	29	judgment	judgment	NOUN
iiclr-17591	1009	30	of	of	ADP
iiclr-17591	1009	31	july	july	PROPN
iiclr-17591	1009	32	25	25	NUM
iiclr-17591	1009	33	,	,	PUNCT
iiclr-17591	1009	34	1987	1987	NUM
iiclr-17591	1009	35	,	,	PUNCT
iiclr-17591	1009	36	no	no	INTJ
iiclr-17591	1009	37	.	.	NOUN
iiclr-17591	1009	38	6467	6467	NUM
iiclr-17591	1009	39	,	,	PUNCT
iiclr-17591	1009	40	cass	cass	PROPN
iiclr-17591	1009	41	.	.	PUNCT
iiclr-17591	1009	42	civ	civ	PROPN
iiclr-17591	1009	43	.	.	PROPN
iiclr-17591	1009	44	,	,	PUNCT
iiclr-17591	1009	45	1987	1987	NUM
iiclr-17591	1009	46	ilfallimerto	ilfallimerto	NOUN
iiclr-17591	1009	47	,	,	PUNCT
iiclr-17591	1009	48	1246	1246	NUM
iiclr-17591	1009	49	)	)	PUNCT
iiclr-17591	1009	50	(	(	PUNCT
iiclr-17591	1009	51	a	a	DET
iiclr-17591	1009	52	particular	particular	ADJ
iiclr-17591	1009	53	kind	kind	NOUN
iiclr-17591	1009	54	of	of	ADP
iiclr-17591	1009	55	bank	bank	NOUN
iiclr-17591	1009	56	operation	operation	NOUN
iiclr-17591	1009	57	can	can	AUX
iiclr-17591	1009	58	be	be	AUX
iiclr-17591	1009	59	avoided	avoid	VERB
iiclr-17591	1009	60	when	when	SCONJ
iiclr-17591	1009	61	made	make	VERB
iiclr-17591	1009	62	within	within	ADP
iiclr-17591	1009	63	two	two	NUM
iiclr-17591	1009	64	years	year	NOUN
iiclr-17591	1009	65	before	before	ADP
iiclr-17591	1009	66	the	the	DET
iiclr-17591	1009	67	declaration	declaration	NOUN
iiclr-17591	1009	68	of	of	ADP
iiclr-17591	1009	69	bankruptcy	bankruptcy	NOUN
iiclr-17591	1009	70	,	,	PUNCT
iiclr-17591	1009	71	instead	instead	ADV
iiclr-17591	1009	72	of	of	ADP
iiclr-17591	1009	73	one	one	NUM
iiclr-17591	1009	74	year	year	NOUN
iiclr-17591	1009	75	,	,	PUNCT
iiclr-17591	1009	76	because	because	SCONJ
iiclr-17591	1009	77	it	it	PRON
iiclr-17591	1009	78	is	be	AUX
iiclr-17591	1009	79	"	"	PUNCT
iiclr-17591	1009	80	essentially	essentially	ADV
iiclr-17591	1009	81	"	"	PUNCT
iiclr-17591	1009	82	an	an	DET
iiclr-17591	1009	83	anoumalous	anoumalous	ADJ
iiclr-17591	1009	84	form	form	NOUN
iiclr-17591	1009	85	of	of	ADP
iiclr-17591	1009	86	payment	payment	NOUN
iiclr-17591	1009	87	and	and	CCONJ
iiclr-17591	1009	88	falls	fall	VERB
iiclr-17591	1009	89	under	under	ADP
iiclr-17591	1009	90	the	the	DET
iiclr-17591	1009	91	discipline	discipline	NOUN
iiclr-17591	1009	92	of	of	ADP
iiclr-17591	1009	93	anomalous	anomalous	ADJ
iiclr-17591	1009	94	payments	payment	NOUN
iiclr-17591	1009	95	)	)	PUNCT
iiclr-17591	1009	96	,	,	PUNCT
iiclr-17591	1009	97	or	or	CCONJ
iiclr-17591	1009	98	the	the	DET
iiclr-17591	1009	99	fuzzy	fuzzy	ADJ
iiclr-17591	1009	100	logic	logic	NOUN
iiclr-17591	1009	101	of	of	ADP
iiclr-17591	1009	102	judgment	judgment	NOUN
iiclr-17591	1009	103	of	of	ADP
iiclr-17591	1009	104	dec	dec	PROPN
iiclr-17591	1009	105	.	.	PROPN
iiclr-17591	1009	106	10	10	NUM
iiclr-17591	1009	107	,	,	PUNCT
iiclr-17591	1009	108	1992	1992	NUM
iiclr-17591	1009	109	,	,	PUNCT
iiclr-17591	1009	110	no	no	INTJ
iiclr-17591	1009	111	.	.	NOUN
iiclr-17591	1009	112	13095	13095	NUM
iiclr-17591	1009	113	,	,	PUNCT
iiclr-17591	1009	114	cass	cass	PROPN
iiclr-17591	1009	115	.	.	PUNCT
iiclr-17591	1009	116	civ	civ	PROPN
iiclr-17591	1009	117	.	.	PROPN
iiclr-17591	1009	118	,	,	PUNCT
iiclr-17591	1009	119	1993	1993	NUM
iiclr-17591	1009	120	foro	foro	NOUN
iiclr-17591	1009	121	rraulano	rraulano	PROPN
iiclr-17591	1009	122	1	1	NUM
iiclr-17591	1009	123	,	,	PUNCT
iiclr-17591	1009	124	3100	3100	NUM
iiclr-17591	1009	125	(	(	PUNCT
iiclr-17591	1009	126	the	the	DET
iiclr-17591	1009	127	shareholder	shareholder	NOUN
iiclr-17591	1009	128	of	of	ADP
iiclr-17591	1009	129	a	a	DET
iiclr-17591	1009	130	company	company	NOUN
iiclr-17591	1009	131	which	which	PRON
iiclr-17591	1009	132	later	later	ADV
iiclr-17591	1009	133	went	go	VERB
iiclr-17591	1009	134	bankrupt	bankrupt	ADJ
iiclr-17591	1009	135	is	be	AUX
iiclr-17591	1009	136	not	not	PART
iiclr-17591	1009	137	entitled	entitle	VERB
iiclr-17591	1009	138	to	to	PART
iiclr-17591	1009	139	offset	offset	VERB
iiclr-17591	1009	140	a	a	DET
iiclr-17591	1009	141	debt	debt	NOUN
iiclr-17591	1009	142	for	for	ADP
iiclr-17591	1009	143	purchase	purchase	NOUN
iiclr-17591	1009	144	of	of	ADP
iiclr-17591	1009	145	shares	share	NOUN
iiclr-17591	1009	146	with	with	ADP
iiclr-17591	1009	147	a	a	DET
iiclr-17591	1009	148	preexisting	preexist	VERB
iiclr-17591	1009	149	debt	debt	NOUN
iiclr-17591	1009	150	owed	owe	VERB
iiclr-17591	1009	151	by	by	ADP
iiclr-17591	1009	152	the	the	DET
iiclr-17591	1009	153	company	company	NOUN
iiclr-17591	1009	154	to	to	ADP
iiclr-17591	1009	155	him	he	PRON
iiclr-17591	1009	156	"	"	PUNCT
iiclr-17591	1009	157	because	because	SCONJ
iiclr-17591	1009	158	the	the	DET
iiclr-17591	1009	159	stated	state	VERB
iiclr-17591	1009	160	capital	capital	NOUN
iiclr-17591	1009	161	is	be	AUX
iiclr-17591	1009	162	the	the	DET
iiclr-17591	1009	163	exterior	exterior	ADJ
iiclr-17591	1009	164	image	image	NOUN
iiclr-17591	1009	165	of	of	ADP
iiclr-17591	1009	166	the	the	DET
iiclr-17591	1009	167	company	company	NOUN
iiclr-17591	1009	168	"	"	PUNCT
iiclr-17591	1009	169	)	)	PUNCT
iiclr-17591	1009	170	)	)	PUNCT
iiclr-17591	1009	171	.	.	PUNCT
iiclr-17591	1010	1	the	the	DET
iiclr-17591	1010	2	critique	critique	NOUN
iiclr-17591	1010	3	of	of	ADP
iiclr-17591	1010	4	such	such	DET
iiclr-17591	1010	5	a	a	DET
iiclr-17591	1010	6	form	form	NOUN
iiclr-17591	1010	7	of	of	ADP
iiclr-17591	1010	8	bias	bias	NOUN
iiclr-17591	1010	9	has	have	AUX
iiclr-17591	1010	10	long	long	ADV
iiclr-17591	1010	11	been	be	AUX
iiclr-17591	1010	12	made	make	VERB
iiclr-17591	1010	13	(	(	PUNCT
iiclr-17591	1010	14	see	see	VERB
iiclr-17591	1010	15	eg	eg	NOUN
iiclr-17591	1010	16	.	.	PROPN
iiclr-17591	1010	17	,	,	PUNCT
iiclr-17591	1010	18	francesco	francesco	PROPN
iiclr-17591	1010	19	ferrara	ferrara	PROPN
iiclr-17591	1010	20	,	,	PUNCT
iiclr-17591	1010	21	il	il	PROPN
iiclr-17591	1010	22	fallimento	fallimento	PROPN
iiclr-17591	1010	23	,	,	PUNCT
iiclr-17591	1010	24	v	v	NOUN
iiclr-17591	1010	25	(	(	PUNCT
iiclr-17591	1010	26	1st	1st	ADJ
iiclr-17591	1010	27	ed	ed	NOUN
iiclr-17591	1010	28	.	.	PROPN
iiclr-17591	1010	29	1959	1959	NUM
iiclr-17591	1010	30	)	)	PUNCT
iiclr-17591	1010	31	)	)	PUNCT
iiclr-17591	1010	32	,	,	PUNCT
iiclr-17591	1010	33	and	and	CCONJ
iiclr-17591	1010	34	this	this	PRON
iiclr-17591	1010	35	is	be	AUX
iiclr-17591	1010	36	not	not	PART
iiclr-17591	1010	37	the	the	DET
iiclr-17591	1010	38	right	right	ADJ
iiclr-17591	1010	39	place	place	NOUN
iiclr-17591	1010	40	to	to	PART
iiclr-17591	1010	41	continue	continue	VERB
iiclr-17591	1010	42	it	it	PRON
iiclr-17591	1010	43	.	.	PUNCT
iiclr-17591	1011	1	[	[	X
iiclr-17591	1011	2	vol	vol	NOUN
iiclr-17591	1011	3	.	.	PUNCT
iiclr-17591	1012	1	6:1	6:1	NUM
iiclr-17591	1012	2	corporate	corporate	ADJ
iiclr-17591	1012	3	governance	governance	NOUN
iiclr-17591	1012	4	in	in	ADP
iiclr-17591	1012	5	italy	italy	PROPN
iiclr-17591	1012	6	the	the	DET
iiclr-17591	1012	7	majority	majority	NOUN
iiclr-17591	1012	8	is	be	AUX
iiclr-17591	1012	9	allowed	allow	VERB
iiclr-17591	1012	10	to	to	PART
iiclr-17591	1012	11	bring	bring	VERB
iiclr-17591	1012	12	a	a	DET
iiclr-17591	1012	13	suit	suit	NOUN
iiclr-17591	1012	14	,	,	PUNCT
iiclr-17591	1012	15	directors	director	NOUN
iiclr-17591	1012	16	are	be	AUX
iiclr-17591	1012	17	protected	protect	VERB
iiclr-17591	1012	18	only	only	ADV
iiclr-17591	1012	19	against	against	ADP
iiclr-17591	1012	20	the	the	DET
iiclr-17591	1012	21	minority	minority	NOUN
iiclr-17591	1012	22	.	.	PUNCT
iiclr-17591	1013	1	as	as	SCONJ
iiclr-17591	1013	2	suits	suit	NOUN
iiclr-17591	1013	3	against	against	ADP
iiclr-17591	1013	4	auditors	auditor	NOUN
iiclr-17591	1013	5	are	be	AUX
iiclr-17591	1013	6	subject	subject	ADJ
iiclr-17591	1013	7	to	to	ADP
iiclr-17591	1013	8	the	the	DET
iiclr-17591	1013	9	same	same	ADJ
iiclr-17591	1013	10	procedural	procedural	ADJ
iiclr-17591	1013	11	requirennts	requirennt	NOUN
iiclr-17591	1013	12	,	,	PUNCT
iiclr-17591	1013	13	"	"	PUNCT
iiclr-17591	1013	14	°	°	CCONJ
iiclr-17591	1013	15	they	they	PRON
iiclr-17591	1013	16	too	too	ADV
iiclr-17591	1013	17	will	will	AUX
iiclr-17591	1013	18	fit	fit	VERB
iiclr-17591	1013	19	into	into	ADP
iiclr-17591	1013	20	the	the	DET
iiclr-17591	1013	21	picture	picture	NOUN
iiclr-17591	1013	22	as	as	ADP
iiclr-17591	1013	23	part	part	NOUN
iiclr-17591	1013	24	of	of	ADP
iiclr-17591	1013	25	the	the	DET
iiclr-17591	1013	26	game	game	NOUN
iiclr-17591	1013	27	between	between	ADP
iiclr-17591	1013	28	the	the	DET
iiclr-17591	1013	29	majority	majority	NOUN
iiclr-17591	1013	30	and	and	CCONJ
iiclr-17591	1013	31	minority	minority	NOUN
iiclr-17591	1013	32	.	.	PUNCT
iiclr-17591	1014	1	after	after	ADP
iiclr-17591	1014	2	a	a	DET
iiclr-17591	1014	3	second	second	ADJ
iiclr-17591	1014	4	series	series	NOUN
iiclr-17591	1014	5	of	of	ADP
iiclr-17591	1014	6	provisional	provisional	ADJ
iiclr-17591	1014	7	conclusions	conclusion	NOUN
iiclr-17591	1014	8	(	(	PUNCT
iiclr-17591	1014	9	the	the	DET
iiclr-17591	1014	10	paragraph	paragraph	NOUN
iiclr-17591	1014	11	that	that	PRON
iiclr-17591	1014	12	follows	follow	VERB
iiclr-17591	1014	13	)	)	PUNCT
iiclr-17591	1014	14	,	,	PUNCT
iiclr-17591	1014	15	in	in	ADP
iiclr-17591	1014	16	the	the	DET
iiclr-17591	1014	17	next	next	ADJ
iiclr-17591	1014	18	part	part	NOUN
iiclr-17591	1014	19	we	we	PRON
iiclr-17591	1014	20	will	will	AUX
iiclr-17591	1014	21	examine	examine	VERB
iiclr-17591	1014	22	the	the	DET
iiclr-17591	1014	23	structure	structure	NOUN
iiclr-17591	1014	24	of	of	ADP
iiclr-17591	1014	25	italian	italian	ADJ
iiclr-17591	1014	26	corporate	corporate	ADJ
iiclr-17591	1014	27	ownership	ownership	NOUN
iiclr-17591	1014	28	.	.	PUNCT
iiclr-17591	1015	1	then	then	ADV
iiclr-17591	1015	2	we	we	PRON
iiclr-17591	1015	3	will	will	AUX
iiclr-17591	1015	4	come	come	VERB
iiclr-17591	1015	5	back	back	ADV
iiclr-17591	1015	6	to	to	ADP
iiclr-17591	1015	7	the	the	DET
iiclr-17591	1015	8	question	question	NOUN
iiclr-17591	1015	9	we	we	PRON
iiclr-17591	1015	10	have	have	AUX
iiclr-17591	1015	11	just	just	ADV
iiclr-17591	1015	12	left	leave	VERB
iiclr-17591	1015	13	suspended	suspend	VERB
iiclr-17591	1015	14	.	.	PUNCT
iiclr-17591	1016	1	d.	d.	PROPN
iiclr-17591	1016	2	summary	summary	PROPN
iiclr-17591	1016	3	of	of	ADP
iiclr-17591	1016	4	part	part	NOUN
iiclr-17591	1016	5	ill	ill	ADJ
iiclr-17591	1016	6	.	.	PUNCT
iiclr-17591	1017	1	on	on	ADP
iiclr-17591	1017	2	a	a	DET
iiclr-17591	1017	3	purely	purely	ADV
iiclr-17591	1017	4	legal	legal	ADJ
iiclr-17591	1017	5	basis	basis	NOUN
iiclr-17591	1017	6	,	,	PUNCT
iiclr-17591	1017	7	the	the	DET
iiclr-17591	1017	8	following	follow	VERB
iiclr-17591	1017	9	conclusions	conclusion	NOUN
iiclr-17591	1017	10	on	on	ADP
iiclr-17591	1017	11	the	the	DET
iiclr-17591	1017	12	liability	liability	NOUN
iiclr-17591	1017	13	of	of	ADP
iiclr-17591	1017	14	directors	director	NOUN
iiclr-17591	1017	15	of	of	ADP
iiclr-17591	1017	16	societa	societa	NOUN
iiclr-17591	1017	17	per	per	ADP
iiclr-17591	1017	18	azioni	azioni	PROPN
iiclr-17591	1017	19	can	can	AUX
iiclr-17591	1017	20	be	be	AUX
iiclr-17591	1017	21	inferred	infer	VERB
iiclr-17591	1017	22	.	.	PUNCT
iiclr-17591	1018	1	a.	a.	NOUN
iiclr-17591	1018	2	liability	liability	NOUN
iiclr-17591	1018	3	to	to	ADP
iiclr-17591	1018	4	creditors	creditor	NOUN
iiclr-17591	1018	5	.	.	PUNCT
iiclr-17591	1019	1	a.1	a.1	X
iiclr-17591	1019	2	.	.	PUNCT
iiclr-17591	1020	1	the	the	DET
iiclr-17591	1020	2	law	law	NOUN
iiclr-17591	1020	3	does	do	AUX
iiclr-17591	1020	4	not	not	PART
iiclr-17591	1020	5	impose	impose	VERB
iiclr-17591	1020	6	on	on	ADP
iiclr-17591	1020	7	the	the	DET
iiclr-17591	1020	8	board	board	NOUN
iiclr-17591	1020	9	the	the	DET
iiclr-17591	1020	10	duty	duty	NOUN
iiclr-17591	1020	11	to	to	PART
iiclr-17591	1020	12	act	act	VERB
iiclr-17591	1020	13	in	in	ADP
iiclr-17591	1020	14	the	the	DET
iiclr-17591	1020	15	interests	interest	NOUN
iiclr-17591	1020	16	of	of	ADP
iiclr-17591	1020	17	creditors	creditor	NOUN
iiclr-17591	1020	18	;	;	PUNCT
iiclr-17591	1020	19	however	however	ADV
iiclr-17591	1020	20	,	,	PUNCT
iiclr-17591	1020	21	it	it	PRON
iiclr-17591	1020	22	imposes	impose	VERB
iiclr-17591	1020	23	a	a	DET
iiclr-17591	1020	24	duty	duty	NOUN
iiclr-17591	1020	25	not	not	PART
iiclr-17591	1020	26	to	to	PART
iiclr-17591	1020	27	prejudice	prejudice	VERB
iiclr-17591	1020	28	their	their	PRON
iiclr-17591	1020	29	interests	interest	NOUN
iiclr-17591	1020	30	by	by	ADP
iiclr-17591	1020	31	means	mean	NOUN
iiclr-17591	1020	32	of	of	ADP
iiclr-17591	1020	33	illegal	illegal	ADJ
iiclr-17591	1020	34	acts	act	NOUN
iiclr-17591	1020	35	.	.	PUNCT
iiclr-17591	1021	1	a.2	a.2	PUNCT
iiclr-17591	1021	2	.	.	PUNCT
iiclr-17591	1022	1	this	this	DET
iiclr-17591	1022	2	duty	duty	NOUN
iiclr-17591	1022	3	is	be	AUX
iiclr-17591	1022	4	sanctioned	sanction	VERB
iiclr-17591	1022	5	by	by	ADP
iiclr-17591	1022	6	allowing	allow	VERB
iiclr-17591	1022	7	creditors	creditor	NOUN
iiclr-17591	1022	8	to	to	PART
iiclr-17591	1022	9	sue	sue	VERB
iiclr-17591	1022	10	directors	director	NOUN
iiclr-17591	1022	11	personally	personally	ADV
iiclr-17591	1022	12	,	,	PUNCT
iiclr-17591	1022	13	through	through	ADP
iiclr-17591	1022	14	an	an	DET
iiclr-17591	1022	15	action	action	NOUN
iiclr-17591	1022	16	based	base	VERB
iiclr-17591	1022	17	on	on	ADP
iiclr-17591	1022	18	a	a	DET
iiclr-17591	1022	19	"	"	PUNCT
iiclr-17591	1022	20	tort	tort	NOUN
iiclr-17591	1022	21	of	of	ADP
iiclr-17591	1022	22	interference	interference	NOUN
iiclr-17591	1022	23	"	"	PUNCT
iiclr-17591	1022	24	in	in	ADP
iiclr-17591	1022	25	their	their	PRON
iiclr-17591	1022	26	relationship	relationship	NOUN
iiclr-17591	1022	27	with	with	ADP
iiclr-17591	1022	28	the	the	DET
iiclr-17591	1022	29	company	company	NOUN
iiclr-17591	1022	30	.	.	PUNCT
iiclr-17591	1023	1	when	when	SCONJ
iiclr-17591	1023	2	the	the	DET
iiclr-17591	1023	3	company	company	NOUN
iiclr-17591	1023	4	is	be	AUX
iiclr-17591	1023	5	in	in	ADP
iiclr-17591	1023	6	bankruptcy	bankruptcy	NOUN
iiclr-17591	1023	7	,	,	PUNCT
iiclr-17591	1023	8	creditors	creditor	NOUN
iiclr-17591	1023	9	lose	lose	VERB
iiclr-17591	1023	10	standing	stand	VERB
iiclr-17591	1023	11	to	to	PART
iiclr-17591	1023	12	sue	sue	VERB
iiclr-17591	1023	13	directors	director	NOUN
iiclr-17591	1023	14	in	in	ADP
iiclr-17591	1023	15	favor	favor	NOUN
iiclr-17591	1023	16	of	of	ADP
iiclr-17591	1023	17	the	the	DET
iiclr-17591	1023	18	trustee	trustee	NOUN
iiclr-17591	1023	19	.	.	PUNCT
iiclr-17591	1024	1	b.	b.	PROPN
iiclr-17591	1024	2	liability	liability	NOUN
iiclr-17591	1024	3	to	to	ADP
iiclr-17591	1024	4	shareholders	shareholder	NOUN
iiclr-17591	1024	5	and	and	CCONJ
iiclr-17591	1024	6	third	third	ADJ
iiclr-17591	1024	7	parties	party	NOUN
iiclr-17591	1024	8	.	.	PUNCT
iiclr-17591	1025	1	b.1	b.1	X
iiclr-17591	1025	2	.	.	PUNCT
iiclr-17591	1025	3	general	general	ADJ
iiclr-17591	1025	4	tort	tort	NOUN
iiclr-17591	1025	5	law	law	NOUN
iiclr-17591	1025	6	principles	principle	NOUN
iiclr-17591	1025	7	would	would	AUX
iiclr-17591	1025	8	arguably	arguably	ADV
iiclr-17591	1025	9	allow	allow	VERB
iiclr-17591	1025	10	shareholders	shareholder	NOUN
iiclr-17591	1025	11	and	and	CCONJ
iiclr-17591	1025	12	third	third	ADJ
iiclr-17591	1025	13	parties	party	NOUN
iiclr-17591	1025	14	to	to	PART
iiclr-17591	1025	15	sue	sue	VERB
iiclr-17591	1025	16	directors	director	NOUN
iiclr-17591	1025	17	who	who	PRON
iiclr-17591	1025	18	have	have	AUX
iiclr-17591	1025	19	injured	injure	VERB
iiclr-17591	1025	20	them	they	PRON
iiclr-17591	1025	21	.	.	PUNCT
iiclr-17591	1026	1	civil	civil	ADJ
iiclr-17591	1026	2	code	code	NOUN
iiclr-17591	1026	3	art	art	NOUN
iiclr-17591	1026	4	.	.	PUNCT
iiclr-17591	1027	1	2395	2395	NUM
iiclr-17591	1027	2	(	(	PUNCT
iiclr-17591	1027	3	italy	italy	PROPN
iiclr-17591	1027	4	)	)	PUNCT
iiclr-17591	1027	5	recalls	recall	VERB
iiclr-17591	1027	6	such	such	ADJ
iiclr-17591	1027	7	principles	principle	NOUN
iiclr-17591	1027	8	,	,	PUNCT
iiclr-17591	1027	9	but	but	CCONJ
iiclr-17591	1027	10	limits	limit	NOUN
iiclr-17591	1027	11	standing	stand	VERB
iiclr-17591	1027	12	to	to	ADP
iiclr-17591	1027	13	persons	person	NOUN
iiclr-17591	1027	14	whom	whom	PRON
iiclr-17591	1027	15	directors	director	NOUN
iiclr-17591	1027	16	injured	injure	VERB
iiclr-17591	1027	17	"	"	PUNCT
iiclr-17591	1027	18	directly	directly	ADV
iiclr-17591	1027	19	.	.	PUNCT
iiclr-17591	1027	20	"	"	PUNCT
iiclr-17591	1028	1	such	such	DET
iiclr-17591	1028	2	a	a	DET
iiclr-17591	1028	3	limitation	limitation	NOUN
iiclr-17591	1028	4	prevents	prevent	VERB
iiclr-17591	1028	5	individual	individual	ADJ
iiclr-17591	1028	6	shareholders	shareholder	NOUN
iiclr-17591	1028	7	from	from	ADP
iiclr-17591	1028	8	suing	sue	VERB
iiclr-17591	1028	9	directors	director	NOUN
iiclr-17591	1028	10	simply	simply	ADV
iiclr-17591	1028	11	for	for	ADP
iiclr-17591	1028	12	the	the	DET
iiclr-17591	1028	13	loss	loss	NOUN
iiclr-17591	1028	14	of	of	ADP
iiclr-17591	1028	15	value	value	NOUN
iiclr-17591	1028	16	of	of	ADP
iiclr-17591	1028	17	shares	share	NOUN
iiclr-17591	1028	18	,	,	PUNCT
iiclr-17591	1028	19	which	which	PRON
iiclr-17591	1028	20	is	be	AUX
iiclr-17591	1028	21	considered	consider	VERB
iiclr-17591	1028	22	an	an	DET
iiclr-17591	1028	23	indirect	indirect	ADJ
iiclr-17591	1028	24	,	,	PUNCT
iiclr-17591	1028	25	"	"	PUNCT
iiclr-17591	1028	26	second	second	ADJ
iiclr-17591	1028	27	-	-	PUNCT
iiclr-17591	1028	28	grade	grade	NOUN
iiclr-17591	1028	29	"	"	PUNCT
iiclr-17591	1028	30	injury	injury	NOUN
iiclr-17591	1028	31	.	.	PUNCT
iiclr-17591	1029	1	b.2	b.2	X
iiclr-17591	1029	2	.	.	PUNCT
iiclr-17591	1030	1	the	the	DET
iiclr-17591	1030	2	italian	italian	ADJ
iiclr-17591	1030	3	private	private	ADJ
iiclr-17591	1030	4	law	law	NOUN
iiclr-17591	1030	5	system	system	NOUN
iiclr-17591	1030	6	,	,	PUNCT
iiclr-17591	1030	7	unlike	unlike	ADP
iiclr-17591	1030	8	most	most	ADJ
iiclr-17591	1030	9	others	other	NOUN
iiclr-17591	1030	10	,	,	PUNCT
iiclr-17591	1030	11	admits	admit	VERB
iiclr-17591	1030	12	derivative	derivative	ADJ
iiclr-17591	1030	13	suits	suit	NOUN
iiclr-17591	1030	14	as	as	ADP
iiclr-17591	1030	15	a	a	DET
iiclr-17591	1030	16	general	general	ADJ
iiclr-17591	1030	17	remedy	remedy	NOUN
iiclr-17591	1030	18	for	for	ADP
iiclr-17591	1030	19	creditors	creditor	NOUN
iiclr-17591	1030	20	;	;	PUNCT
iiclr-17591	1030	21	yet	yet	ADV
iiclr-17591	1030	22	,	,	PUNCT
iiclr-17591	1030	23	italian	italian	ADJ
iiclr-17591	1030	24	corporate	corporate	ADJ
iiclr-17591	1030	25	law	law	NOUN
iiclr-17591	1030	26	does	do	AUX
iiclr-17591	1030	27	not	not	PART
iiclr-17591	1030	28	provide	provide	VERB
iiclr-17591	1030	29	for	for	ADP
iiclr-17591	1030	30	derivative	derivative	ADJ
iiclr-17591	1030	31	suits	suit	NOUN
iiclr-17591	1030	32	of	of	ADP
iiclr-17591	1030	33	shareholders	shareholder	NOUN
iiclr-17591	1030	34	,	,	PUNCT
iiclr-17591	1030	35	who	who	PRON
iiclr-17591	1030	36	,	,	PUNCT
iiclr-17591	1030	37	like	like	ADP
iiclr-17591	1030	38	creditors	creditor	NOUN
iiclr-17591	1030	39	,	,	PUNCT
iiclr-17591	1030	40	have	have	VERB
iiclr-17591	1030	41	a	a	DET
iiclr-17591	1030	42	right	right	NOUN
iiclr-17591	1030	43	whose	whose	DET
iiclr-17591	1030	44	satisfaction	satisfaction	NOUN
iiclr-17591	1030	45	depends	depend	VERB
iiclr-17591	1030	46	on	on	ADP
iiclr-17591	1030	47	someone	someone	PRON
iiclr-17591	1030	48	else	else	ADV
iiclr-17591	1030	49	's	's	PART
iiclr-17591	1030	50	assets	asset	NOUN
iiclr-17591	1030	51	.	.	PUNCT
iiclr-17591	1031	1	b.3	b.3	X
iiclr-17591	1031	2	.	.	PUNCT
iiclr-17591	1032	1	a	a	DET
iiclr-17591	1032	2	provisional	provisional	ADJ
iiclr-17591	1032	3	conclusion	conclusion	NOUN
iiclr-17591	1032	4	is	be	AUX
iiclr-17591	1032	5	that	that	SCONJ
iiclr-17591	1032	6	the	the	DET
iiclr-17591	1032	7	system	system	NOUN
iiclr-17591	1032	8	appears	appear	VERB
iiclr-17591	1032	9	to	to	PART
iiclr-17591	1032	10	be	be	AUX
iiclr-17591	1032	11	designed	design	VERB
iiclr-17591	1032	12	to	to	PART
iiclr-17591	1032	13	shield	shield	VERB
iiclr-17591	1032	14	directors	director	NOUN
iiclr-17591	1032	15	from	from	ADP
iiclr-17591	1032	16	shareholders	shareholder	NOUN
iiclr-17591	1032	17	'	'	PART
iiclr-17591	1032	18	suits	suit	NOUN
iiclr-17591	1032	19	.	.	PUNCT
iiclr-17591	1033	1	but	but	CCONJ
iiclr-17591	1033	2	see	see	VERB
iiclr-17591	1033	3	summary	summary	NOUN
iiclr-17591	1033	4	infra	infra	NOUN
iiclr-17591	1033	5	c.5	c.5	NOUN
iiclr-17591	1033	6	.	.	PUNCT
iiclr-17591	1034	1	c.	c.	NOUN
iiclr-17591	1034	2	liability	liability	NOUN
iiclr-17591	1034	3	to	to	ADP
iiclr-17591	1034	4	the	the	DET
iiclr-17591	1034	5	company	company	NOUN
iiclr-17591	1034	6	.	.	PUNCT
iiclr-17591	1035	1	c.1	c.1	NOUN
iiclr-17591	1035	2	.	.	PUNCT
iiclr-17591	1036	1	cases	case	NOUN
iiclr-17591	1036	2	finding	find	VERB
iiclr-17591	1036	3	directors	director	NOUN
iiclr-17591	1036	4	liable	liable	ADJ
iiclr-17591	1036	5	to	to	ADP
iiclr-17591	1036	6	the	the	DET
iiclr-17591	1036	7	company	company	NOUN
iiclr-17591	1036	8	can	can	AUX
iiclr-17591	1036	9	be	be	AUX
iiclr-17591	1036	10	classified	classify	VERB
iiclr-17591	1036	11	under	under	ADP
iiclr-17591	1036	12	three	three	NUM
iiclr-17591	1036	13	headings	heading	NOUN
iiclr-17591	1036	14	:	:	PUNCT
iiclr-17591	1036	15	liability	liability	NOUN
iiclr-17591	1036	16	for	for	ADP
iiclr-17591	1036	17	violation	violation	NOUN
iiclr-17591	1036	18	of	of	ADP
iiclr-17591	1036	19	directors	director	NOUN
iiclr-17591	1036	20	'	'	PART
iiclr-17591	1036	21	specific	specific	ADJ
iiclr-17591	1036	22	duties	duty	NOUN
iiclr-17591	1036	23	,	,	PUNCT
iiclr-17591	1036	24	liability	liability	NOUN
iiclr-17591	1036	25	for	for	ADP
iiclr-17591	1036	26	negligence	negligence	NOUN
iiclr-17591	1036	27	,	,	PUNCT
iiclr-17591	1036	28	and	and	CCONJ
iiclr-17591	1036	29	liability	liability	NOUN
iiclr-17591	1036	30	for	for	ADP
iiclr-17591	1036	31	conflict	conflict	NOUN
iiclr-17591	1036	32	of	of	ADP
iiclr-17591	1036	33	interest	interest	NOUN
iiclr-17591	1036	34	.	.	PUNCT
iiclr-17591	1037	1	courts	court	NOUN
iiclr-17591	1037	2	tend	tend	VERB
iiclr-17591	1037	3	to	to	PART
iiclr-17591	1037	4	be	be	AUX
iiclr-17591	1037	5	rather	rather	ADV
iiclr-17591	1037	6	strict	strict	ADJ
iiclr-17591	1037	7	in	in	ADP
iiclr-17591	1037	8	cases	case	NOUN
iiclr-17591	1037	9	belonging	belong	VERB
iiclr-17591	1037	10	to	to	ADP
iiclr-17591	1037	11	the	the	DET
iiclr-17591	1037	12	first	first	ADJ
iiclr-17591	1037	13	and	and	CCONJ
iiclr-17591	1037	14	third	third	ADJ
iiclr-17591	1037	15	categories	category	NOUN
iiclr-17591	1037	16	,	,	PUNCT
iiclr-17591	1037	17	and	and	CCONJ
iiclr-17591	1037	18	more	more	ADV
iiclr-17591	1037	19	or	or	CCONJ
iiclr-17591	1037	20	less	less	ADV
iiclr-17591	1037	21	consciously	consciously	ADV
iiclr-17591	1037	22	apply	apply	VERB
iiclr-17591	1037	23	a	a	DET
iiclr-17591	1037	24	sort	sort	NOUN
iiclr-17591	1037	25	of	of	ADP
iiclr-17591	1037	26	"	"	PUNCT
iiclr-17591	1037	27	business	business	NOUN
iiclr-17591	1037	28	judgment	judgment	NOUN
iiclr-17591	1037	29	rule	rule	NOUN
iiclr-17591	1037	30	"	"	PUNCT
iiclr-17591	1037	31	in	in	ADP
iiclr-17591	1037	32	cases	case	NOUN
iiclr-17591	1037	33	belonging	belong	VERB
iiclr-17591	1037	34	to	to	ADP
iiclr-17591	1037	35	the	the	DET
iiclr-17591	1037	36	second	second	ADJ
iiclr-17591	1037	37	category	category	NOUN
iiclr-17591	1037	38	(	(	PUNCT
iiclr-17591	1037	39	negligence	negligence	NOUN
iiclr-17591	1037	40	claims	claim	VERB
iiclr-17591	1037	41	)	)	PUNCT
iiclr-17591	1037	42	.	.	PUNCT
iiclr-17591	1038	1	110	110	NUM
iiclr-17591	1038	2	.	.	X
iiclr-17591	1039	1	c.c	c.c	PROPN
iiclr-17591	1039	2	.	.	PROPN
iiclr-17591	1039	3	art	art	PROPN
iiclr-17591	1039	4	.	.	PUNCT
iiclr-17591	1040	1	2407	2407	NUM
iiclr-17591	1040	2	(	(	PUNCT
iiclr-17591	1040	3	italy	italy	PROPN
iiclr-17591	1040	4	)	)	PUNCT
iiclr-17591	1040	5	refers	refer	VERB
iiclr-17591	1040	6	to	to	ADP
iiclr-17591	1040	7	art	art	NOUN
iiclr-17591	1040	8	.	.	PUNCT
iiclr-17591	1041	1	2393	2393	NUM
iiclr-17591	1041	2	and	and	CCONJ
iiclr-17591	1041	3	art	art	NOUN
iiclr-17591	1041	4	.	.	PUNCT
iiclr-17591	1042	1	2394	2394	NUM
iiclr-17591	1043	1	concerning	concern	VERB
iiclr-17591	1043	2	the	the	DET
iiclr-17591	1043	3	procedural	procedural	ADJ
iiclr-17591	1043	4	requirements	requirement	NOUN
iiclr-17591	1043	5	for	for	ADP
iiclr-17591	1043	6	suits	suit	NOUN
iiclr-17591	1043	7	brought	bring	VERB
iiclr-17591	1043	8	against	against	ADP
iiclr-17591	1043	9	auditors	auditor	NOUN
iiclr-17591	1043	10	by	by	ADP
iiclr-17591	1043	11	the	the	DET
iiclr-17591	1043	12	company	company	NOUN
iiclr-17591	1043	13	and	and	CCONJ
iiclr-17591	1043	14	its	its	PRON
iiclr-17591	1043	15	creditors	creditor	NOUN
iiclr-17591	1043	16	.	.	PUNCT
iiclr-17591	1044	1	1995	1995	NUM
iiclr-17591	1044	2	]	]	X
iiclr-17591	1044	3	ind	ind	NOUN
iiclr-17591	1044	4	.	.	PUNCT
iiclr-17591	1045	1	int'l	int'l	PROPN
iiclr-17591	1045	2	&	&	CCONJ
iiclr-17591	1045	3	comp	comp	PROPN
iiclr-17591	1045	4	.	.	PUNCT
iiclr-17591	1046	1	l	l	NOUN
iiclr-17591	1046	2	re.v	re.v	PROPN
iiclr-17591	1046	3	.	.	PUNCT
iiclr-17591	1047	1	c.2	c.2	PROPN
iiclr-17591	1047	2	.	.	PUNCT
iiclr-17591	1048	1	apart	apart	ADV
iiclr-17591	1048	2	from	from	ADP
iiclr-17591	1048	3	an	an	DET
iiclr-17591	1048	4	exception	exception	NOUN
iiclr-17591	1048	5	(	(	PUNCT
iiclr-17591	1048	6	provided	provide	VERB
iiclr-17591	1048	7	for	for	ADP
iiclr-17591	1048	8	by	by	ADP
iiclr-17591	1048	9	civil	civil	ADJ
iiclr-17591	1048	10	code	code	NOUN
iiclr-17591	1048	11	art	art	NOUN
iiclr-17591	1048	12	.	.	PUNCT
iiclr-17591	1049	1	2409	2409	NUM
iiclr-17591	1049	2	(	(	PUNCT
iiclr-17591	1049	3	italy	italy	PROPN
iiclr-17591	1049	4	)	)	PUNCT
iiclr-17591	1049	5	)	)	PUNCT
iiclr-17591	1049	6	,	,	PUNCT
iiclr-17591	1049	7	liability	liability	NOUN
iiclr-17591	1049	8	suits	suit	NOUN
iiclr-17591	1049	9	against	against	ADP
iiclr-17591	1049	10	directors	director	NOUN
iiclr-17591	1049	11	can	can	AUX
iiclr-17591	1049	12	be	be	AUX
iiclr-17591	1049	13	instituted	institute	VERB
iiclr-17591	1049	14	by	by	ADP
iiclr-17591	1049	15	the	the	DET
iiclr-17591	1049	16	company	company	NOUN
iiclr-17591	1049	17	itself	itself	PRON
iiclr-17591	1049	18	,	,	PUNCT
iiclr-17591	1049	19	following	follow	VERB
iiclr-17591	1049	20	a	a	DET
iiclr-17591	1049	21	majority	majority	NOUN
iiclr-17591	1049	22	vote	vote	NOUN
iiclr-17591	1049	23	of	of	ADP
iiclr-17591	1049	24	shareholders	shareholder	NOUN
iiclr-17591	1049	25	,	,	PUNCT
iiclr-17591	1049	26	or	or	CCONJ
iiclr-17591	1049	27	when	when	SCONJ
iiclr-17591	1049	28	the	the	DET
iiclr-17591	1049	29	company	company	NOUN
iiclr-17591	1049	30	is	be	AUX
iiclr-17591	1049	31	in	in	ADP
iiclr-17591	1049	32	bankruptcy	bankruptcy	NOUN
iiclr-17591	1049	33	,	,	PUNCT
iiclr-17591	1049	34	by	by	ADP
iiclr-17591	1049	35	the	the	DET
iiclr-17591	1049	36	bankruptcy	bankruptcy	NOUN
iiclr-17591	1049	37	trustee	trustee	NOUN
iiclr-17591	1049	38	.	.	PUNCT
iiclr-17591	1050	1	c.3	c.3	X
iiclr-17591	1050	2	.	.	PUNCT
iiclr-17591	1051	1	as	as	ADP
iiclr-17591	1051	2	a	a	DET
iiclr-17591	1051	3	starting	starting	NOUN
iiclr-17591	1051	4	point	point	NOUN
iiclr-17591	1051	5	to	to	PART
iiclr-17591	1051	6	be	be	AUX
iiclr-17591	1051	7	supported	support	VERB
iiclr-17591	1051	8	by	by	ADP
iiclr-17591	1051	9	empirical	empirical	ADJ
iiclr-17591	1051	10	evidence	evidence	NOUN
iiclr-17591	1051	11	,	,	PUNCT
iiclr-17591	1051	12	we	we	PRON
iiclr-17591	1051	13	assumed	assume	VERB
iiclr-17591	1051	14	that	that	SCONJ
iiclr-17591	1051	15	most	most	ADJ
iiclr-17591	1051	16	actions	action	NOUN
iiclr-17591	1051	17	for	for	ADP
iiclr-17591	1051	18	liability	liability	NOUN
iiclr-17591	1051	19	against	against	ADP
iiclr-17591	1051	20	directors	director	NOUN
iiclr-17591	1051	21	are	be	AUX
iiclr-17591	1051	22	instituted	institute	VERB
iiclr-17591	1051	23	by	by	ADP
iiclr-17591	1051	24	bankruptcy	bankruptcy	NOUN
iiclr-17591	1051	25	trustees	trustee	NOUN
iiclr-17591	1051	26	,	,	PUNCT
iiclr-17591	1051	27	and	and	CCONJ
iiclr-17591	1051	28	that	that	SCONJ
iiclr-17591	1051	29	only	only	ADV
iiclr-17591	1051	30	a	a	DET
iiclr-17591	1051	31	minority	minority	NOUN
iiclr-17591	1051	32	of	of	ADP
iiclr-17591	1051	33	such	such	ADJ
iiclr-17591	1051	34	actions	action	NOUN
iiclr-17591	1051	35	is	be	AUX
iiclr-17591	1051	36	instituted	institute	VERB
iiclr-17591	1051	37	by	by	ADP
iiclr-17591	1051	38	nonbankrupt	nonbankrupt	ADJ
iiclr-17591	1051	39	companies	company	NOUN
iiclr-17591	1051	40	following	follow	VERB
iiclr-17591	1051	41	a	a	DET
iiclr-17591	1051	42	majority	majority	NOUN
iiclr-17591	1051	43	vote	vote	NOUN
iiclr-17591	1051	44	of	of	ADP
iiclr-17591	1051	45	shareholders	shareholder	NOUN
iiclr-17591	1051	46	.	.	PUNCT
iiclr-17591	1052	1	c.4	c.4	PROPN
iiclr-17591	1052	2	.	.	PUNCT
iiclr-17591	1053	1	we	we	PRON
iiclr-17591	1053	2	offered	offer	VERB
iiclr-17591	1053	3	some	some	DET
iiclr-17591	1053	4	possible	possible	ADJ
iiclr-17591	1053	5	non	non	ADJ
iiclr-17591	1053	6	-	-	ADJ
iiclr-17591	1053	7	corporate	corporate	ADJ
iiclr-17591	1053	8	governance	governance	NOUN
iiclr-17591	1053	9	explanations	explanation	NOUN
iiclr-17591	1053	10	of	of	ADP
iiclr-17591	1053	11	such	such	ADJ
iiclr-17591	1053	12	abnormal	abnormal	ADJ
iiclr-17591	1053	13	distribution	distribution	NOUN
iiclr-17591	1053	14	of	of	ADP
iiclr-17591	1053	15	plaintiffs	plaintiff	NOUN
iiclr-17591	1053	16	in	in	ADP
iiclr-17591	1053	17	liability	liability	NOUN
iiclr-17591	1053	18	actions	action	NOUN
iiclr-17591	1053	19	against	against	ADP
iiclr-17591	1053	20	directors	director	NOUN
iiclr-17591	1053	21	.	.	PUNCT
iiclr-17591	1054	1	however	however	ADV
iiclr-17591	1054	2	,	,	PUNCT
iiclr-17591	1054	3	we	we	PRON
iiclr-17591	1054	4	advanced	advance	VERB
iiclr-17591	1054	5	the	the	DET
iiclr-17591	1054	6	hypothesis	hypothesis	NOUN
iiclr-17591	1054	7	that	that	PRON
iiclr-17591	1054	8	the	the	DET
iiclr-17591	1054	9	majority	majority	NOUN
iiclr-17591	1054	10	vote	vote	NOUN
iiclr-17591	1054	11	requirement	requirement	NOUN
iiclr-17591	1054	12	may	may	AUX
iiclr-17591	1054	13	constitute	constitute	VERB
iiclr-17591	1054	14	an	an	DET
iiclr-17591	1054	15	effective	effective	ADJ
iiclr-17591	1054	16	barring	barring	NOUN
iiclr-17591	1054	17	,	,	PUNCT
iiclr-17591	1054	18	preventing	prevent	VERB
iiclr-17591	1054	19	tensions	tension	NOUN
iiclr-17591	1054	20	between	between	ADP
iiclr-17591	1054	21	majority	majority	NOUN
iiclr-17591	1054	22	and	and	CCONJ
iiclr-17591	1054	23	minority	minority	NOUN
iiclr-17591	1054	24	shareholders	shareholder	NOUN
iiclr-17591	1054	25	over	over	ADP
iiclr-17591	1054	26	directors	director	NOUN
iiclr-17591	1054	27	'	'	PART
iiclr-17591	1054	28	mistakes	mistake	NOUN
iiclr-17591	1054	29	or	or	CCONJ
iiclr-17591	1054	30	conflicts	conflict	NOUN
iiclr-17591	1054	31	of	of	ADP
iiclr-17591	1054	32	interest	interest	NOUN
iiclr-17591	1054	33	from	from	ADP
iiclr-17591	1054	34	being	be	AUX
iiclr-17591	1054	35	resolved	resolve	VERB
iiclr-17591	1054	36	by	by	ADP
iiclr-17591	1054	37	a	a	DET
iiclr-17591	1054	38	judicial	judicial	ADJ
iiclr-17591	1054	39	decision	decision	NOUN
iiclr-17591	1054	40	.	.	PUNCT
iiclr-17591	1055	1	c.5	c.5	X
iiclr-17591	1055	2	.	.	PUNCT
iiclr-17591	1056	1	should	should	AUX
iiclr-17591	1056	2	this	this	DET
iiclr-17591	1056	3	hypothesis	hypothesis	NOUN
iiclr-17591	1056	4	be	be	AUX
iiclr-17591	1056	5	proven	prove	VERB
iiclr-17591	1056	6	true	true	ADJ
iiclr-17591	1056	7	,	,	PUNCT
iiclr-17591	1056	8	the	the	DET
iiclr-17591	1056	9	majority	majority	NOUN
iiclr-17591	1056	10	vote	vote	NOUN
iiclr-17591	1056	11	requirement	requirement	NOUN
iiclr-17591	1056	12	for	for	ADP
iiclr-17591	1056	13	liability	liability	NOUN
iiclr-17591	1056	14	suits	suit	NOUN
iiclr-17591	1056	15	against	against	ADP
iiclr-17591	1056	16	directors	director	NOUN
iiclr-17591	1056	17	would	would	AUX
iiclr-17591	1056	18	assume	assume	VERB
iiclr-17591	1056	19	a	a	DET
iiclr-17591	1056	20	different	different	ADJ
iiclr-17591	1056	21	significance	significance	NOUN
iiclr-17591	1056	22	:	:	PUNCT
iiclr-17591	1056	23	not	not	PART
iiclr-17591	1056	24	a	a	DET
iiclr-17591	1056	25	protection	protection	NOUN
iiclr-17591	1056	26	for	for	ADP
iiclr-17591	1056	27	directors	director	NOUN
iiclr-17591	1056	28	,	,	PUNCT
iiclr-17591	1056	29	but	but	CCONJ
iiclr-17591	1056	30	a	a	DET
iiclr-17591	1056	31	tool	tool	NOUN
iiclr-17591	1056	32	in	in	ADP
iiclr-17591	1056	33	the	the	DET
iiclr-17591	1056	34	hands	hand	NOUN
iiclr-17591	1056	35	of	of	ADP
iiclr-17591	1056	36	the	the	DET
iiclr-17591	1056	37	majority	majority	NOUN
iiclr-17591	1056	38	shareholders	shareholder	NOUN
iiclr-17591	1056	39	.	.	PUNCT
iiclr-17591	1057	1	the	the	DET
iiclr-17591	1057	2	legal	legal	ADJ
iiclr-17591	1057	3	corporate	corporate	ADJ
iiclr-17591	1057	4	governance	governance	NOUN
iiclr-17591	1057	5	system	system	NOUN
iiclr-17591	1057	6	would	would	AUX
iiclr-17591	1057	7	reinforce	reinforce	VERB
iiclr-17591	1057	8	the	the	DET
iiclr-17591	1057	9	majority	majority	NOUN
iiclr-17591	1057	10	by	by	ADP
iiclr-17591	1057	11	protecting	protect	VERB
iiclr-17591	1057	12	directors	director	NOUN
iiclr-17591	1057	13	it	it	PRON
iiclr-17591	1057	14	elects	elect	VERB
iiclr-17591	1057	15	against	against	ADP
iiclr-17591	1057	16	minority	minority	NOUN
iiclr-17591	1057	17	shareholders	shareholder	NOUN
iiclr-17591	1057	18	,	,	PUNCT
iiclr-17591	1057	19	and	and	CCONJ
iiclr-17591	1057	20	only	only	ADV
iiclr-17591	1057	21	against	against	ADP
iiclr-17591	1057	22	them	they	PRON
iiclr-17591	1057	23	.	.	PUNCT
iiclr-17591	1058	1	this	this	DET
iiclr-17591	1058	2	conclusion	conclusion	NOUN
iiclr-17591	1058	3	,	,	PUNCT
iiclr-17591	1058	4	however	however	ADV
iiclr-17591	1058	5	,	,	PUNCT
iiclr-17591	1058	6	does	do	AUX
iiclr-17591	1058	7	not	not	PART
iiclr-17591	1058	8	necessarily	necessarily	ADV
iiclr-17591	1058	9	entail	entail	VERB
iiclr-17591	1058	10	a	a	DET
iiclr-17591	1058	11	negative	negative	ADJ
iiclr-17591	1058	12	valuation	valuation	NOUN
iiclr-17591	1058	13	if	if	SCONJ
iiclr-17591	1058	14	it	it	PRON
iiclr-17591	1058	15	is	be	AUX
iiclr-17591	1058	16	not	not	PART
iiclr-17591	1058	17	accompanied	accompany	VERB
iiclr-17591	1058	18	by	by	ADP
iiclr-17591	1058	19	the	the	DET
iiclr-17591	1058	20	consideration	consideration	NOUN
iiclr-17591	1058	21	of	of	ADP
iiclr-17591	1058	22	other	other	ADJ
iiclr-17591	1058	23	factors	factor	NOUN
iiclr-17591	1058	24	concerning	concern	VERB
iiclr-17591	1058	25	the	the	DET
iiclr-17591	1058	26	balance	balance	NOUN
iiclr-17591	1058	27	of	of	ADP
iiclr-17591	1058	28	power	power	NOUN
iiclr-17591	1058	29	between	between	ADP
iiclr-17591	1058	30	the	the	DET
iiclr-17591	1058	31	majority	majority	NOUN
iiclr-17591	1058	32	and	and	CCONJ
iiclr-17591	1058	33	minority	minority	NOUN
iiclr-17591	1058	34	.	.	PUNCT
iiclr-17591	1059	1	iv	iv	X
iiclr-17591	1059	2	.	.	PUNCT
iiclr-17591	1059	3	law	law	NOUN
iiclr-17591	1059	4	and	and	CCONJ
iiclr-17591	1059	5	society	society	NOUN
iiclr-17591	1059	6	:	:	PUNCT
iiclr-17591	1059	7	the	the	DET
iiclr-17591	1059	8	italian	italian	ADJ
iiclr-17591	1059	9	industrial	industrial	ADJ
iiclr-17591	1059	10	system	system	NOUN
iiclr-17591	1059	11	and	and	CCONJ
iiclr-17591	1059	12	the	the	DET
iiclr-17591	1059	13	ownership	ownership	NOUN
iiclr-17591	1059	14	structure	structure	NOUN
iiclr-17591	1059	15	of	of	ADP
iiclr-17591	1059	16	italian	italian	ADJ
iiclr-17591	1059	17	companies	company	NOUN
iiclr-17591	1059	18	a.	a.	VERB
iiclr-17591	1059	19	an	an	DET
iiclr-17591	1059	20	industrial	industrial	ADJ
iiclr-17591	1059	21	system	system	NOUN
iiclr-17591	1059	22	based	base	VERB
iiclr-17591	1059	23	on	on	ADP
iiclr-17591	1059	24	small	small	ADJ
iiclr-17591	1059	25	firms	firm	NOUN
iiclr-17591	1059	26	.	.	PUNCT
iiclr-17591	1060	1	in	in	ADP
iiclr-17591	1060	2	recent	recent	ADJ
iiclr-17591	1060	3	years	year	NOUN
iiclr-17591	1060	4	,	,	PUNCT
iiclr-17591	1060	5	the	the	DET
iiclr-17591	1060	6	italian	italian	ADJ
iiclr-17591	1060	7	gross	gross	ADJ
iiclr-17591	1060	8	national	national	ADJ
iiclr-17591	1060	9	product	product	NOUN
iiclr-17591	1060	10	ranked	rank	VERB
iiclr-17591	1060	11	fifth	fifth	ADV
iiclr-17591	1060	12	in	in	ADP
iiclr-17591	1060	13	the	the	DET
iiclr-17591	1060	14	world	world	NOUN
iiclr-17591	1060	15	.	.	PUNCT
iiclr-17591	1061	1	italy	italy	PROPN
iiclr-17591	1061	2	possesses	possess	VERB
iiclr-17591	1061	3	,	,	PUNCT
iiclr-17591	1061	4	in	in	ADP
iiclr-17591	1061	5	all	all	DET
iiclr-17591	1061	6	senses	sense	NOUN
iiclr-17591	1061	7	,	,	PUNCT
iiclr-17591	1061	8	a	a	DET
iiclr-17591	1061	9	developed	developed	ADJ
iiclr-17591	1061	10	economy	economy	NOUN
iiclr-17591	1061	11	,	,	PUNCT
iiclr-17591	1061	12	fully	fully	ADV
iiclr-17591	1061	13	integrated	integrate	VERB
iiclr-17591	1061	14	with	with	ADP
iiclr-17591	1061	15	the	the	DET
iiclr-17591	1061	16	other	other	ADJ
iiclr-17591	1061	17	major	major	ADJ
iiclr-17591	1061	18	economies	economy	NOUN
iiclr-17591	1061	19	of	of	ADP
iiclr-17591	1061	20	the	the	DET
iiclr-17591	1061	21	world	world	NOUN
iiclr-17591	1061	22	.	.	PUNCT
iiclr-17591	1062	1	as	as	SCONJ
iiclr-17591	1062	2	is	be	AUX
iiclr-17591	1062	3	the	the	DET
iiclr-17591	1062	4	case	case	NOUN
iiclr-17591	1062	5	with	with	ADP
iiclr-17591	1062	6	any	any	DET
iiclr-17591	1062	7	others	other	NOUN
iiclr-17591	1062	8	,	,	PUNCT
iiclr-17591	1062	9	however	however	ADV
iiclr-17591	1062	10	,	,	PUNCT
iiclr-17591	1062	11	the	the	DET
iiclr-17591	1062	12	italian	italian	ADJ
iiclr-17591	1062	13	economy	economy	NOUN
iiclr-17591	1062	14	has	have	VERB
iiclr-17591	1062	15	its	its	PRON
iiclr-17591	1062	16	own	own	ADJ
iiclr-17591	1062	17	peculiarities	peculiarity	NOUN
iiclr-17591	1062	18	,	,	PUNCT
iiclr-17591	1062	19	the	the	DET
iiclr-17591	1062	20	most	most	ADV
iiclr-17591	1062	21	striking	striking	NOUN
iiclr-17591	1062	22	of	of	ADP
iiclr-17591	1062	23	which	which	PRON
iiclr-17591	1062	24	is	be	AUX
iiclr-17591	1062	25	a	a	DET
iiclr-17591	1062	26	particularly	particularly	ADV
iiclr-17591	1062	27	small	small	ADJ
iiclr-17591	1062	28	average	average	ADJ
iiclr-17591	1062	29	industrial	industrial	ADJ
iiclr-17591	1062	30	size	size	NOUN
iiclr-17591	1062	31	.	.	PUNCT
iiclr-17591	1063	1	the	the	DET
iiclr-17591	1063	2	italian	italian	ADJ
iiclr-17591	1063	3	industrial	industrial	ADJ
iiclr-17591	1063	4	system	system	NOUN
iiclr-17591	1063	5	is	be	AUX
iiclr-17591	1063	6	based	base	VERB
iiclr-17591	1063	7	on	on	ADP
iiclr-17591	1063	8	small	small	ADJ
iiclr-17591	1063	9	-	-	PUNCT
iiclr-17591	1063	10	medium	medium	NOUN
iiclr-17591	1063	11	firms	firm	NOUN
iiclr-17591	1063	12	.	.	PUNCT
iiclr-17591	1064	1	in	in	ADP
iiclr-17591	1064	2	the	the	DET
iiclr-17591	1064	3	early	early	ADJ
iiclr-17591	1064	4	'	'	NOUN
iiclr-17591	1064	5	90s	90	NOUN
iiclr-17591	1064	6	about	about	ADV
iiclr-17591	1064	7	99.2	99.2	NUM
iiclr-17591	1064	8	%	%	NOUN
iiclr-17591	1064	9	of	of	ADP
iiclr-17591	1064	10	italian	italian	ADJ
iiclr-17591	1064	11	firms	firm	NOUN
iiclr-17591	1064	12	had	have	VERB
iiclr-17591	1064	13	less	less	ADJ
iiclr-17591	1064	14	than	than	ADP
iiclr-17591	1064	15	100	100	NUM
iiclr-17591	1064	16	employees	employee	NOUN
iiclr-17591	1064	17	,	,	PUNCT
iiclr-17591	1064	18	and	and	CCONJ
iiclr-17591	1064	19	95	95	NUM
iiclr-17591	1064	20	%	%	NOUN
iiclr-17591	1064	21	of	of	ADP
iiclr-17591	1064	22	them	they	PRON
iiclr-17591	1064	23	had	have	VERB
iiclr-17591	1064	24	less	less	ADJ
iiclr-17591	1064	25	than	than	ADP
iiclr-17591	1064	26	twenty	twenty	NUM
iiclr-17591	1064	27	employees	employee	NOUN
iiclr-17591	1064	28	.	.	PUNCT
iiclr-17591	1065	1	"	"	PUNCT
iiclr-17591	1065	2	'	'	PUNCT
iiclr-17591	1065	3	looking	look	VERB
iiclr-17591	1065	4	at	at	ADP
iiclr-17591	1065	5	the	the	DET
iiclr-17591	1065	6	picture	picture	NOUN
iiclr-17591	1065	7	from	from	ADP
iiclr-17591	1065	8	a	a	DET
iiclr-17591	1065	9	different	different	ADJ
iiclr-17591	1065	10	point	point	NOUN
iiclr-17591	1065	11	of	of	ADP
iiclr-17591	1065	12	view	view	NOUN
iiclr-17591	1065	13	,	,	PUNCT
iiclr-17591	1065	14	in	in	ADP
iiclr-17591	1065	15	1991	1991	NUM
iiclr-17591	1065	16	about	about	ADP
iiclr-17591	1065	17	78	78	NUM
iiclr-17591	1065	18	%	%	NOUN
iiclr-17591	1065	19	of	of	ADP
iiclr-17591	1065	20	the	the	DET
iiclr-17591	1065	21	work	work	NOUN
iiclr-17591	1065	22	force	force	NOUN
iiclr-17591	1065	23	was	be	AUX
iiclr-17591	1065	24	employed	employ	VERB
iiclr-17591	1065	25	by	by	ADP
iiclr-17591	1065	26	firms	firm	NOUN
iiclr-17591	1065	27	with	with	ADP
iiclr-17591	1065	28	no	no	DET
iiclr-17591	1065	29	nxre	nxre	NOUN
iiclr-17591	1065	30	than	than	ADP
iiclr-17591	1065	31	500	500	NUM
iiclr-17591	1065	32	employees	employee	NOUN
iiclr-17591	1065	33	,	,	PUNCT
iiclr-17591	1065	34	about	about	ADV
iiclr-17591	1065	35	59	59	NUM
iiclr-17591	1065	36	%	%	NOUN
iiclr-17591	1065	37	by	by	ADP
iiclr-17591	1065	38	firms	firm	NOUN
iiclr-17591	1065	39	with	with	ADP
iiclr-17591	1065	40	no	no	DET
iiclr-17591	1065	41	more	more	ADJ
iiclr-17591	1065	42	than	than	ADP
iiclr-17591	1065	43	100	100	NUM
iiclr-17591	1065	44	employees	employee	NOUN
iiclr-17591	1065	45	,	,	PUNCT
iiclr-17591	1065	46	111	111	NUM
iiclr-17591	1065	47	.	.	PUNCT
iiclr-17591	1066	1	statistics	statistic	NOUN
iiclr-17591	1066	2	by	by	ADP
iiclr-17591	1066	3	confindustria	confindustria	PROPN
iiclr-17591	1066	4	,	,	PUNCT
iiclr-17591	1066	5	il	il	PROPN
iiclr-17591	1066	6	sole	sole	ADJ
iiclr-17591	1066	7	24	24	NUM
iiclr-17591	1066	8	orf	orf	PROPN
iiclr-17591	1066	9	,	,	PUNCT
iiclr-17591	1066	10	may	may	AUX
iiclr-17591	1066	11	19	19	NUM
iiclr-17591	1066	12	,	,	PUNCT
iiclr-17591	1066	13	1994	1994	NUM
iiclr-17591	1066	14	,	,	PUNCT
iiclr-17591	1066	15	at	at	ADP
iiclr-17591	1066	16	1	1	NUM
iiclr-17591	1066	17	.	.	PUNCT
iiclr-17591	1067	1	[	[	X
iiclr-17591	1067	2	vol	vol	NOUN
iiclr-17591	1067	3	.	.	PUNCT
iiclr-17591	1068	1	6:1	6:1	NUM
iiclr-17591	1068	2	corporate	corporate	ADJ
iiclr-17591	1068	3	governance	governance	NOUN
iiclr-17591	1068	4	in	in	ADP
iiclr-17591	1068	5	italy	italy	PROPN
iiclr-17591	1068	6	and	and	CCONJ
iiclr-17591	1068	7	about	about	ADV
iiclr-17591	1068	8	32	32	NUM
iiclr-17591	1068	9	%	%	NOUN
iiclr-17591	1068	10	by	by	ADP
iiclr-17591	1068	11	firms	firm	NOUN
iiclr-17591	1068	12	with	with	ADP
iiclr-17591	1068	13	less	less	ADJ
iiclr-17591	1068	14	than	than	ADP
iiclr-17591	1068	15	ten	ten	NUM
iiclr-17591	1068	16	employees	employee	NOUN
iiclr-17591	1068	17	.	.	PUNCT
iiclr-17591	1068	18	"	"	PUNCT
iiclr-17591	1069	1	2	2	NUM
iiclr-17591	1069	2	all	all	DET
iiclr-17591	1069	3	these	these	DET
iiclr-17591	1069	4	percentages	percentage	NOUN
iiclr-17591	1069	5	are	be	AUX
iiclr-17591	1069	6	significantly	significantly	ADV
iiclr-17591	1069	7	higher	high	ADJ
iiclr-17591	1069	8	than	than	ADP
iiclr-17591	1069	9	those	those	PRON
iiclr-17591	1069	10	of	of	ADP
iiclr-17591	1069	11	other	other	ADJ
iiclr-17591	1069	12	large	large	ADJ
iiclr-17591	1069	13	european	european	ADJ
iiclr-17591	1069	14	countries	country	NOUN
iiclr-17591	1069	15	.	.	PUNCT
iiclr-17591	1069	16	"	"	PUNCT
iiclr-17591	1070	1	3	3	NUM
iiclr-17591	1070	2	far	far	ADV
iiclr-17591	1070	3	from	from	ADP
iiclr-17591	1070	4	declining	decline	VERB
iiclr-17591	1070	5	,	,	PUNCT
iiclr-17591	1070	6	this	this	DET
iiclr-17591	1070	7	feature	feature	NOUN
iiclr-17591	1070	8	is	be	AUX
iiclr-17591	1070	9	becoming	become	VERB
iiclr-17591	1070	10	more	more	ADV
iiclr-17591	1070	11	marked	marked	ADJ
iiclr-17591	1070	12	.	.	PUNCT
iiclr-17591	1071	1	thus	thus	ADV
iiclr-17591	1071	2	,	,	PUNCT
iiclr-17591	1071	3	at	at	ADP
iiclr-17591	1071	4	the	the	DET
iiclr-17591	1071	5	end	end	NOUN
iiclr-17591	1071	6	of	of	ADP
iiclr-17591	1071	7	1991	1991	NUM
iiclr-17591	1071	8	,	,	PUNCT
iiclr-17591	1071	9	only	only	ADV
iiclr-17591	1071	10	602	602	NUM
iiclr-17591	1071	11	italian	italian	ADJ
iiclr-17591	1071	12	manufacturing	manufacturing	NOUN
iiclr-17591	1071	13	firms	firm	NOUN
iiclr-17591	1071	14	had	have	VERB
iiclr-17591	1071	15	more	more	ADJ
iiclr-17591	1071	16	than	than	ADP
iiclr-17591	1071	17	500	500	NUM
iiclr-17591	1071	18	employees	employee	NOUN
iiclr-17591	1071	19	,	,	PUNCT
iiclr-17591	1071	20	and	and	CCONJ
iiclr-17591	1071	21	this	this	DET
iiclr-17591	1071	22	number	number	NOUN
iiclr-17591	1071	23	shrunk	shrink	VERB
iiclr-17591	1071	24	to	to	ADP
iiclr-17591	1071	25	498	498	NUM
iiclr-17591	1071	26	at	at	ADP
iiclr-17591	1071	27	the	the	DET
iiclr-17591	1071	28	end	end	NOUN
iiclr-17591	1071	29	of	of	ADP
iiclr-17591	1071	30	1994	1994	NUM
iiclr-17591	1071	31	.	.	PUNCT
iiclr-17591	1072	1	"	"	PUNCT
iiclr-17591	1072	2	'	'	PUNCT
iiclr-17591	1072	3	more	more	ADV
iiclr-17591	1072	4	precisely	precisely	ADV
iiclr-17591	1072	5	,	,	PUNCT
iiclr-17591	1072	6	the	the	DET
iiclr-17591	1072	7	trend	trend	NOUN
iiclr-17591	1072	8	shows	show	VERB
iiclr-17591	1072	9	a	a	DET
iiclr-17591	1072	10	general	general	ADJ
iiclr-17591	1072	11	decline	decline	NOUN
iiclr-17591	1072	12	of	of	ADP
iiclr-17591	1072	13	large	large	ADJ
iiclr-17591	1072	14	firms	firm	NOUN
iiclr-17591	1072	15	and	and	CCONJ
iiclr-17591	1072	16	a	a	DET
iiclr-17591	1072	17	tendency	tendency	NOUN
iiclr-17591	1072	18	of	of	ADP
iiclr-17591	1072	19	small	small	ADJ
iiclr-17591	1072	20	firms	firm	NOUN
iiclr-17591	1072	21	to	to	PART
iiclr-17591	1072	22	grow	grow	VERB
iiclr-17591	1072	23	both	both	PRON
iiclr-17591	1072	24	in	in	ADP
iiclr-17591	1072	25	number	number	NOUN
iiclr-17591	1072	26	and	and	CCONJ
iiclr-17591	1072	27	in	in	ADP
iiclr-17591	1072	28	size	size	NOUN
iiclr-17591	1072	29	.	.	PUNCT
iiclr-17591	1072	30	's	's	PART
iiclr-17591	1072	31	b.	b.	PROPN
iiclr-17591	1072	32	a	a	DET
iiclr-17591	1072	33	follow	follow	NOUN
iiclr-17591	1072	34	-	-	PUNCT
iiclr-17591	1072	35	up	up	NOUN
iiclr-17591	1072	36	:	:	PUNCT
iiclr-17591	1072	37	the	the	DET
iiclr-17591	1072	38	insufficiency	insufficiency	NOUN
iiclr-17591	1072	39	of	of	ADP
iiclr-17591	1072	40	data	datum	NOUN
iiclr-17591	1072	41	on	on	ADP
iiclr-17591	1072	42	industrial	industrial	ADJ
iiclr-17591	1072	43	size	size	NOUN
iiclr-17591	1072	44	in	in	ADP
iiclr-17591	1072	45	assessing	assess	VERB
iiclr-17591	1072	46	the	the	DET
iiclr-17591	1072	47	efficiency	efficiency	NOUN
iiclr-17591	1072	48	of	of	ADP
iiclr-17591	1072	49	the	the	DET
iiclr-17591	1072	50	italian	italian	ADJ
iiclr-17591	1072	51	industrial	industrial	ADJ
iiclr-17591	1072	52	system	system	NOUN
iiclr-17591	1072	53	as	as	ADP
iiclr-17591	1072	54	a	a	DET
iiclr-17591	1072	55	whole	whole	NOUN
iiclr-17591	1072	56	.	.	PUNCT
iiclr-17591	1073	1	the	the	DET
iiclr-17591	1073	2	smallness	smallness	NOUN
iiclr-17591	1073	3	of	of	ADP
iiclr-17591	1073	4	average	average	ADJ
iiclr-17591	1073	5	italian	italian	ADJ
iiclr-17591	1073	6	industrial	industrial	ADJ
iiclr-17591	1073	7	size	size	NOUN
iiclr-17591	1073	8	is	be	AUX
iiclr-17591	1073	9	not	not	PART
iiclr-17591	1073	10	the	the	DET
iiclr-17591	1073	11	whole	whole	ADJ
iiclr-17591	1073	12	story	story	NOUN
iiclr-17591	1073	13	.	.	PUNCT
iiclr-17591	1074	1	the	the	DET
iiclr-17591	1074	2	number	number	NOUN
iiclr-17591	1074	3	of	of	ADP
iiclr-17591	1074	4	employees	employee	NOUN
iiclr-17591	1074	5	a	a	DET
iiclr-17591	1074	6	firm	firm	NOUN
iiclr-17591	1074	7	has	have	AUX
iiclr-17591	1074	8	tells	tell	VERB
iiclr-17591	1074	9	only	only	ADV
iiclr-17591	1074	10	about	about	ADP
iiclr-17591	1074	11	the	the	DET
iiclr-17591	1074	12	part	part	NOUN
iiclr-17591	1074	13	of	of	ADP
iiclr-17591	1074	14	the	the	DET
iiclr-17591	1074	15	economic	economic	ADJ
iiclr-17591	1074	16	activity	activity	NOUN
iiclr-17591	1074	17	that	that	PRON
iiclr-17591	1074	18	takes	take	VERB
iiclr-17591	1074	19	place	place	NOUN
iiclr-17591	1074	20	inside	inside	ADP
iiclr-17591	1074	21	the	the	DET
iiclr-17591	1074	22	firm	firm	NOUN
iiclr-17591	1074	23	,	,	PUNCT
iiclr-17591	1074	24	under	under	ADP
iiclr-17591	1074	25	hierarchical	hierarchical	ADJ
iiclr-17591	1074	26	coordination	coordination	NOUN
iiclr-17591	1074	27	.	.	PUNCT
iiclr-17591	1075	1	it	it	PRON
iiclr-17591	1075	2	does	do	AUX
iiclr-17591	1075	3	not	not	PART
iiclr-17591	1075	4	tell	tell	VERB
iiclr-17591	1075	5	anything	anything	PRON
iiclr-17591	1075	6	about	about	ADP
iiclr-17591	1075	7	the	the	DET
iiclr-17591	1075	8	size	size	NOUN
iiclr-17591	1075	9	and	and	CCONJ
iiclr-17591	1075	10	the	the	DET
iiclr-17591	1075	11	structure	structure	NOUN
iiclr-17591	1075	12	of	of	ADP
iiclr-17591	1075	13	the	the	DET
iiclr-17591	1075	14	economic	economic	ADJ
iiclr-17591	1075	15	activity	activity	NOUN
iiclr-17591	1075	16	that	that	PRON
iiclr-17591	1075	17	takes	take	VERB
iiclr-17591	1075	18	place	place	NOUN
iiclr-17591	1075	19	112	112	NUM
iiclr-17591	1075	20	.	.	PUNCT
iiclr-17591	1076	1	source	source	NOUN
iiclr-17591	1076	2	:	:	PUNCT
iiclr-17591	1076	3	database	database	PROPN
iiclr-17591	1076	4	istituto	istituto	PROPN
iiclr-17591	1076	5	nazionale	nazionale	PROPN
iiclr-17591	1076	6	per	per	ADP
iiclr-17591	1076	7	]	]	PUNCT
iiclr-17591	1076	8	a	a	DET
iiclr-17591	1076	9	previdenza	previdenza	NOUN
iiclr-17591	1076	10	sociale	sociale	PROPN
iiclr-17591	1076	11	-	-	PROPN
iiclr-17591	1076	12	inps	inps	PROPN
iiclr-17591	1076	13	(	(	PUNCT
iiclr-17591	1076	14	public	public	ADJ
iiclr-17591	1076	15	agency	agency	NOUN
iiclr-17591	1076	16	on	on	ADP
iiclr-17591	1076	17	employment	employment	NOUN
iiclr-17591	1076	18	benefits	benefit	NOUN
iiclr-17591	1076	19	)	)	PUNCT
iiclr-17591	1076	20	,	,	PUNCT
iiclr-17591	1076	21	summarized	summarize	VERB
iiclr-17591	1076	22	in	in	ADP
iiclr-17591	1076	23	ale	ale	NOUN
iiclr-17591	1076	24	imprese	imprese	PROPN
iiclr-17591	1076	25	piace	piace	PROPN
iiclr-17591	1076	26	ilformato	ilformato	PROPN
iiclr-17591	1076	27	mignon	mignon	NOUN
iiclr-17591	1076	28	,	,	PUNCT
iiclr-17591	1076	29	il	il	PROPN
iiclr-17591	1076	30	sole24	sole24	NOUN
iiclr-17591	1076	31	ore	ore	PROPN
iiclr-17591	1076	32	,	,	PUNCT
iiclr-17591	1076	33	jan	jan	PROPN
iiclr-17591	1076	34	.	.	PROPN
iiclr-17591	1076	35	4	4	NUM
iiclr-17591	1076	36	,	,	PUNCT
iiclr-17591	1076	37	1994	1994	NUM
iiclr-17591	1076	38	,	,	PUNCT
iiclr-17591	1076	39	at	at	ADP
iiclr-17591	1076	40	10	10	NUM
iiclr-17591	1076	41	(	(	PUNCT
iiclr-17591	1076	42	data	datum	NOUN
iiclr-17591	1076	43	of	of	ADP
iiclr-17591	1076	44	1991	1991	NUM
iiclr-17591	1076	45	)	)	PUNCT
iiclr-17591	1076	46	.	.	PUNCT
iiclr-17591	1077	1	113	113	NUM
iiclr-17591	1077	2	.	.	PUNCT
iiclr-17591	1078	1	in	in	ADP
iiclr-17591	1078	2	italy	italy	PROPN
iiclr-17591	1078	3	,	,	PUNCT
iiclr-17591	1078	4	37	37	NUM
iiclr-17591	1078	5	%	%	NOUN
iiclr-17591	1078	6	of	of	ADP
iiclr-17591	1078	7	firms	firm	NOUN
iiclr-17591	1078	8	have	have	VERB
iiclr-17591	1078	9	between	between	ADP
iiclr-17591	1078	10	10	10	NUM
iiclr-17591	1078	11	and	and	CCONJ
iiclr-17591	1078	12	499	499	NUM
iiclr-17591	1078	13	employees	employee	NOUN
iiclr-17591	1078	14	,	,	PUNCT
iiclr-17591	1078	15	compared	compare	VERB
iiclr-17591	1078	16	with	with	ADP
iiclr-17591	1078	17	27	27	NUM
iiclr-17591	1078	18	%	%	NOUN
iiclr-17591	1078	19	in	in	ADP
iiclr-17591	1078	20	germany	germany	PROPN
iiclr-17591	1078	21	,	,	PUNCT
iiclr-17591	1078	22	20	20	NUM
iiclr-17591	1078	23	%	%	NOUN
iiclr-17591	1078	24	in	in	ADP
iiclr-17591	1078	25	france	france	PROPN
iiclr-17591	1078	26	and	and	CCONJ
iiclr-17591	1078	27	15	15	NUM
iiclr-17591	1078	28	%	%	NOUN
iiclr-17591	1078	29	in	in	ADP
iiclr-17591	1078	30	the	the	DET
iiclr-17591	1078	31	united	united	ADJ
iiclr-17591	1078	32	kingdom	kingdom	PROPN
iiclr-17591	1078	33	(	(	PUNCT
iiclr-17591	1078	34	source	source	NOUN
iiclr-17591	1078	35	:	:	PUNCT
iiclr-17591	1078	36	eurostat	eurostat	PROPN
iiclr-17591	1078	37	1992	1992	NUM
iiclr-17591	1078	38	,	,	PUNCT
iiclr-17591	1078	39	quoted	quote	VERB
iiclr-17591	1078	40	by	by	ADP
iiclr-17591	1078	41	ministero	ministero	PROPN
iiclr-17591	1078	42	dell'industria	dell'industria	PROPN
iiclr-17591	1078	43	&	&	CCONJ
iiclr-17591	1078	44	meliocredrro	meliocredrro	PROPN
iiclr-17591	1078	45	centrale	centrale	PROPN
iiclr-17591	1078	46	,	,	PUNCT
iiclr-17591	1078	47	indagine	indagine	PROPN
iiclr-17591	1078	48	sulle	sulle	PROPN
iiclr-17591	1078	49	imprese	imprese	PROPN
iiclr-17591	1078	50	manifatrurjere	manifatrurjere	PROPN
iiclr-17591	1078	51	.	.	PUNCT
iiclr-17591	1079	1	quinto	quinto	PROPN
iiclr-17591	1079	2	rapporto	rapporto	VERB
iiclr-17591	1079	3	sull'industrla	sull'industrla	PROPN
iiclr-17591	1079	4	italtana	italtana	PROPN
iiclr-17591	1079	5	e	e	PROPN
iiclr-17591	1079	6	sulla	sulla	PROPN
iiclr-17591	1079	7	polica	polica	PROPN
iiclr-17591	1079	8	industriale	industriale	PROPN
iiclr-17591	1079	9	66	66	NUM
iiclr-17591	1079	10	(	(	PUNCT
iiclr-17591	1079	11	1994	1994	NUM
iiclr-17591	1079	12	)	)	PUNCT
iiclr-17591	1079	13	)	)	PUNCT
iiclr-17591	1079	14	.	.	PUNCT
iiclr-17591	1080	1	a	a	DET
iiclr-17591	1080	2	recent	recent	ADJ
iiclr-17591	1080	3	survey	survey	NOUN
iiclr-17591	1080	4	of	of	ADP
iiclr-17591	1080	5	swedish	swedish	ADJ
iiclr-17591	1080	6	labor	labor	NOUN
iiclr-17591	1080	7	structure	structure	NOUN
iiclr-17591	1080	8	showed	show	VERB
iiclr-17591	1080	9	that	that	SCONJ
iiclr-17591	1080	10	in	in	ADP
iiclr-17591	1080	11	1993	1993	NUM
iiclr-17591	1080	12	,	,	PUNCT
iiclr-17591	1080	13	70	70	NUM
iiclr-17591	1080	14	%	%	NOUN
iiclr-17591	1080	15	of	of	ADP
iiclr-17591	1080	16	the	the	DET
iiclr-17591	1080	17	swedish	swedish	ADJ
iiclr-17591	1080	18	manufacturing	manufacturing	NOUN
iiclr-17591	1080	19	work	work	NOUN
iiclr-17591	1080	20	force	force	NOUN
iiclr-17591	1080	21	was	be	AUX
iiclr-17591	1080	22	employed	employ	VERB
iiclr-17591	1080	23	by	by	ADP
iiclr-17591	1080	24	firms	firm	NOUN
iiclr-17591	1080	25	with	with	ADP
iiclr-17591	1080	26	200	200	NUM
iiclr-17591	1080	27	or	or	CCONJ
iiclr-17591	1080	28	more	more	ADJ
iiclr-17591	1080	29	workers	worker	NOUN
iiclr-17591	1080	30	,	,	PUNCT
iiclr-17591	1080	31	and	and	CCONJ
iiclr-17591	1080	32	only	only	ADV
iiclr-17591	1080	33	12	12	NUM
iiclr-17591	1080	34	%	%	NOUN
iiclr-17591	1080	35	by	by	ADP
iiclr-17591	1080	36	firms	firm	NOUN
iiclr-17591	1080	37	with	with	ADP
iiclr-17591	1080	38	less	less	ADJ
iiclr-17591	1080	39	than	than	ADP
iiclr-17591	1080	40	10	10	NUM
iiclr-17591	1080	41	workers	worker	NOUN
iiclr-17591	1080	42	.	.	PUNCT
iiclr-17591	1081	1	smal	smal	PROPN
iiclr-17591	1081	2	is	be	AUX
iiclr-17591	1081	3	n't	not	PART
iiclr-17591	1081	4	beautiful	beautiful	ADJ
iiclr-17591	1081	5	in	in	ADP
iiclr-17591	1081	6	sweden	sweden	PROPN
iiclr-17591	1081	7	,	,	PUNCT
iiclr-17591	1081	8	the	the	DET
iiclr-17591	1081	9	economist	economist	NOUN
iiclr-17591	1081	10	,	,	PUNCT
iiclr-17591	1081	11	feb	feb	PROPN
iiclr-17591	1081	12	.	.	PROPN
iiclr-17591	1081	13	18	18	NUM
iiclr-17591	1081	14	,	,	PUNCT
iiclr-17591	1081	15	1995	1995	NUM
iiclr-17591	1081	16	,	,	PUNCT
iiclr-17591	1081	17	at	at	ADP
iiclr-17591	1081	18	64	64	NUM
iiclr-17591	1081	19	.	.	PUNCT
iiclr-17591	1082	1	114	114	NUM
iiclr-17591	1082	2	.	.	PUNCT
iiclr-17591	1083	1	telephone	telephone	NOUN
iiclr-17591	1083	2	interview	interview	NOUN
iiclr-17591	1083	3	with	with	ADP
iiclr-17591	1083	4	giovanni	giovanni	PROPN
iiclr-17591	1083	5	scanagatta	scanagatta	PROPN
iiclr-17591	1083	6	,	,	PUNCT
iiclr-17591	1083	7	general	general	ADJ
iiclr-17591	1083	8	manager	manager	NOUN
iiclr-17591	1083	9	of	of	ADP
iiclr-17591	1083	10	research	research	NOUN
iiclr-17591	1083	11	service	service	NOUN
iiclr-17591	1083	12	of	of	ADP
iiclr-17591	1083	13	mediocredito	mediocredito	NOUN
iiclr-17591	1083	14	centrale	centrale	PROPN
iiclr-17591	1083	15	(	(	PUNCT
iiclr-17591	1083	16	feb	feb	PROPN
iiclr-17591	1083	17	.	.	PROPN
iiclr-17591	1083	18	23	23	NUM
iiclr-17591	1083	19	,	,	PUNCT
iiclr-17591	1083	20	1995	1995	NUM
iiclr-17591	1083	21	)	)	PUNCT
iiclr-17591	1083	22	(	(	PUNCT
iiclr-17591	1083	23	citing	cite	VERB
iiclr-17591	1083	24	from	from	ADP
iiclr-17591	1083	25	cerved	cerve	VERB
iiclr-17591	1083	26	,	,	PUNCT
iiclr-17591	1083	27	electronic	electronic	ADJ
iiclr-17591	1083	28	database	database	NOUN
iiclr-17591	1083	29	of	of	ADP
iiclr-17591	1083	30	italian	italian	ADJ
iiclr-17591	1083	31	consortium	consortium	NOUN
iiclr-17591	1083	32	of	of	ADP
iiclr-17591	1083	33	chambers	chamber	NOUN
iiclr-17591	1083	34	of	of	ADP
iiclr-17591	1083	35	commerce	commerce	PROPN
iiclr-17591	1083	36	.	.	PUNCT
iiclr-17591	1084	1	mr	mr	PROPN
iiclr-17591	1084	2	.	.	PROPN
iiclr-17591	1084	3	scanagatta	scanagatta	PROPN
iiclr-17591	1084	4	is	be	AUX
iiclr-17591	1084	5	the	the	DET
iiclr-17591	1084	6	coordinator	coordinator	NOUN
iiclr-17591	1084	7	of	of	ADP
iiclr-17591	1084	8	the	the	DET
iiclr-17591	1084	9	survey	survey	NOUN
iiclr-17591	1084	10	cited	cite	VERB
iiclr-17591	1084	11	in	in	ADP
iiclr-17591	1084	12	the	the	DET
iiclr-17591	1084	13	preceding	precede	VERB
iiclr-17591	1084	14	note	note	NOUN
iiclr-17591	1084	15	)	)	PUNCT
iiclr-17591	1084	16	.	.	PUNCT
iiclr-17591	1085	1	moreover	moreover	ADV
iiclr-17591	1085	2	,	,	PUNCT
iiclr-17591	1085	3	the	the	DET
iiclr-17591	1085	4	national	national	ADJ
iiclr-17591	1085	5	census	census	NOUN
iiclr-17591	1085	6	of	of	ADP
iiclr-17591	1085	7	1991	1991	NUM
iiclr-17591	1085	8	showed	show	VERB
iiclr-17591	1085	9	that	that	SCONJ
iiclr-17591	1085	10	the	the	DET
iiclr-17591	1085	11	average	average	NOUN
iiclr-17591	1085	12	for	for	ADP
iiclr-17591	1085	13	firms	firm	NOUN
iiclr-17591	1085	14	with	with	ADP
iiclr-17591	1085	15	more	more	ADJ
iiclr-17591	1085	16	than	than	ADP
iiclr-17591	1085	17	10	10	NUM
iiclr-17591	1085	18	employees	employee	NOUN
iiclr-17591	1085	19	was	be	AUX
iiclr-17591	1085	20	41.9	41.9	NUM
iiclr-17591	1085	21	employees	employee	NOUN
iiclr-17591	1085	22	,	,	PUNCT
iiclr-17591	1085	23	down	down	ADV
iiclr-17591	1085	24	from	from	ADP
iiclr-17591	1085	25	50.3	50.3	NUM
iiclr-17591	1085	26	in	in	ADP
iiclr-17591	1085	27	the	the	DET
iiclr-17591	1085	28	1981	1981	NUM
iiclr-17591	1085	29	census	census	NOUN
iiclr-17591	1085	30	.	.	PUNCT
iiclr-17591	1086	1	the	the	DET
iiclr-17591	1086	2	same	same	ADJ
iiclr-17591	1086	3	trend	trend	NOUN
iiclr-17591	1086	4	is	be	AUX
iiclr-17591	1086	5	shown	show	VERB
iiclr-17591	1086	6	by	by	ADP
iiclr-17591	1086	7	a	a	DET
iiclr-17591	1086	8	comparison	comparison	NOUN
iiclr-17591	1086	9	between	between	ADP
iiclr-17591	1086	10	data	datum	NOUN
iiclr-17591	1086	11	for	for	ADP
iiclr-17591	1086	12	the	the	DET
iiclr-17591	1086	13	years	year	NOUN
iiclr-17591	1086	14	1984	1984	NUM
iiclr-17591	1086	15	and	and	CCONJ
iiclr-17591	1086	16	1991	1991	NUM
iiclr-17591	1086	17	of	of	ADP
iiclr-17591	1086	18	inps	inps	PROPN
iiclr-17591	1086	19	.	.	PUNCT
iiclr-17591	1087	1	see	see	VERB
iiclr-17591	1087	2	supra	supra	PROPN
iiclr-17591	1087	3	note	note	PROPN
iiclr-17591	1087	4	112	112	NUM
iiclr-17591	1087	5	)	)	PUNCT
iiclr-17591	1087	6	.	.	PUNCT
iiclr-17591	1088	1	115	115	NUM
iiclr-17591	1088	2	.	.	PUNCT
iiclr-17591	1089	1	this	this	DET
iiclr-17591	1089	2	conclusion	conclusion	NOUN
iiclr-17591	1089	3	is	be	AUX
iiclr-17591	1089	4	drawn	draw	VERB
iiclr-17591	1089	5	from	from	ADP
iiclr-17591	1089	6	multiple	multiple	ADJ
iiclr-17591	1089	7	sources	source	NOUN
iiclr-17591	1089	8	:	:	PUNCT
iiclr-17591	1089	9	servtz1o	servtz1o	PROPN
iiclr-17591	1089	10	studi	studi	PROPN
iiclr-17591	1089	11	,	,	PUNCT
iiclr-17591	1089	12	mediocredito	mediocredito	PROPN
iiclr-17591	1089	13	central.e	central.e	PROPN
iiclr-17591	1089	14	,	,	PUNCT
iiclr-17591	1089	15	indagenecongiuniuralesulle	indagenecongiuniuralesulle	PROPN
iiclr-17591	1089	16	picw)le	picw)le	PROPN
iiclr-17591	1089	17	emedie	emedie	PROPN
iiclr-17591	1089	18	imprese	imprese	PROPN
iiclr-17591	1089	19	.	.	PUNCT
iiclr-17591	1090	1	seconda	seconda	PROPN
iiclr-17591	1090	2	rilevazione	rilevazione	PROPN
iiclr-17591	1090	3	gennaio	gennaio	PROPN
iiclr-17591	1090	4	1995	1995	NUM
iiclr-17591	1090	5	ii	ii	PROPN
iiclr-17591	1090	6	,	,	PUNCT
iiclr-17591	1090	7	iv	iv	NUM
iiclr-17591	1090	8	(	(	PUNCT
iiclr-17591	1090	9	draft	draft	PROPN
iiclr-17591	1090	10	jan	jan	PROPN
iiclr-17591	1090	11	.	.	PROPN
iiclr-17591	1090	12	1995	1995	NUM
iiclr-17591	1090	13	)	)	PUNCT
iiclr-17591	1090	14	(	(	PUNCT
iiclr-17591	1090	15	showing	show	VERB
iiclr-17591	1090	16	both	both	DET
iiclr-17591	1090	17	a	a	DET
iiclr-17591	1090	18	process	process	NOUN
iiclr-17591	1090	19	of	of	ADP
iiclr-17591	1090	20	hiring	hire	VERB
iiclr-17591	1090	21	new	new	ADJ
iiclr-17591	1090	22	workers	worker	NOUN
iiclr-17591	1090	23	by	by	ADP
iiclr-17591	1090	24	smallmedium	smallmedium	NOUN
iiclr-17591	1090	25	firms	firm	NOUN
iiclr-17591	1090	26	and	and	CCONJ
iiclr-17591	1090	27	of	of	ADP
iiclr-17591	1090	28	creating	create	VERB
iiclr-17591	1090	29	new	new	ADJ
iiclr-17591	1090	30	firms	firm	NOUN
iiclr-17591	1090	31	)	)	PUNCT
iiclr-17591	1090	32	;	;	PUNCT
iiclr-17591	1090	33	istituto	istituto	PROPN
iiclr-17591	1090	34	superiore	superiore	PROPN
iiclr-17591	1090	35	di	di	PROPN
iiclr-17591	1090	36	statistica	statistica	PROPN
iiclr-17591	1090	37	(	(	PUNCT
iiclr-17591	1090	38	summarized	summarize	VERB
iiclr-17591	1090	39	by	by	ADP
iiclr-17591	1090	40	massimo	massimo	PROPN
iiclr-17591	1090	41	bongiovanni	bongiovanni	PROPN
iiclr-17591	1090	42	,	,	PUNCT
iiclr-17591	1090	43	piccole	piccole	PROPN
iiclr-17591	1090	44	imprese	imprese	PROPN
iiclr-17591	1090	45	,	,	PUNCT
iiclr-17591	1090	46	grandi	grandi	PROPN
iiclr-17591	1090	47	numeri	numeri	PROPN
iiclr-17591	1090	48	,	,	PUNCT
iiclr-17591	1090	49	il	il	PROPN
iiclr-17591	1090	50	sole	sole	ADJ
iiclr-17591	1090	51	-24	-24	PUNCT
iiclr-17591	1090	52	ore	ore	NOUN
iiclr-17591	1090	53	,	,	PUNCT
iiclr-17591	1090	54	may	may	AUX
iiclr-17591	1090	55	19	19	NUM
iiclr-17591	1090	56	,	,	PUNCT
iiclr-17591	1090	57	1994	1994	NUM
iiclr-17591	1090	58	,	,	PUNCT
iiclr-17591	1090	59	at	at	ADP
iiclr-17591	1090	60	18	18	NUM
iiclr-17591	1090	61	)	)	PUNCT
iiclr-17591	1090	62	survey	survey	NOUN
iiclr-17591	1090	63	of	of	ADP
iiclr-17591	1090	64	years	year	NOUN
iiclr-17591	1090	65	1981	1981	NUM
iiclr-17591	1090	66	-	-	SYM
iiclr-17591	1090	67	89	89	NUM
iiclr-17591	1090	68	(	(	PUNCT
iiclr-17591	1090	69	showing	show	VERB
iiclr-17591	1090	70	an	an	DET
iiclr-17591	1090	71	increase	increase	NOUN
iiclr-17591	1090	72	of	of	ADP
iiclr-17591	1090	73	15.8	15.8	NUM
iiclr-17591	1090	74	%	%	NOUN
iiclr-17591	1090	75	in	in	ADP
iiclr-17591	1090	76	firms	firm	NOUN
iiclr-17591	1090	77	with	with	ADP
iiclr-17591	1090	78	less	less	ADJ
iiclr-17591	1090	79	than	than	ADP
iiclr-17591	1090	80	20	20	NUM
iiclr-17591	1090	81	employees	employee	NOUN
iiclr-17591	1090	82	,	,	PUNCT
iiclr-17591	1090	83	a	a	DET
iiclr-17591	1090	84	decline	decline	NOUN
iiclr-17591	1090	85	of	of	ADP
iiclr-17591	1090	86	6.2	6.2	NUM
iiclr-17591	1090	87	%	%	NOUN
iiclr-17591	1090	88	in	in	ADP
iiclr-17591	1090	89	firms	firm	NOUN
iiclr-17591	1090	90	with	with	ADP
iiclr-17591	1090	91	20	20	NUM
iiclr-17591	1090	92	to	to	PART
iiclr-17591	1090	93	49	49	NUM
iiclr-17591	1090	94	employees	employee	NOUN
iiclr-17591	1090	95	,	,	PUNCT
iiclr-17591	1090	96	a	a	DET
iiclr-17591	1090	97	decline	decline	NOUN
iiclr-17591	1090	98	of	of	ADP
iiclr-17591	1090	99	16.9	16.9	NUM
iiclr-17591	1090	100	%	%	NOUN
iiclr-17591	1090	101	in	in	ADP
iiclr-17591	1090	102	firms	firm	NOUN
iiclr-17591	1090	103	with	with	ADP
iiclr-17591	1090	104	50	50	NUM
iiclr-17591	1090	105	to	to	PART
iiclr-17591	1090	106	99	99	NUM
iiclr-17591	1090	107	employees	employee	NOUN
iiclr-17591	1090	108	,	,	PUNCT
iiclr-17591	1090	109	a	a	DET
iiclr-17591	1090	110	decline	decline	NOUN
iiclr-17591	1090	111	of	of	ADP
iiclr-17591	1090	112	21.2	21.2	NUM
iiclr-17591	1090	113	%	%	NOUN
iiclr-17591	1090	114	in	in	ADP
iiclr-17591	1090	115	firms	firm	NOUN
iiclr-17591	1090	116	with	with	ADP
iiclr-17591	1090	117	100	100	NUM
iiclr-17591	1090	118	to	to	PART
iiclr-17591	1090	119	499	499	NUM
iiclr-17591	1090	120	employees	employee	NOUN
iiclr-17591	1090	121	,	,	PUNCT
iiclr-17591	1090	122	and	and	CCONJ
iiclr-17591	1090	123	a	a	DET
iiclr-17591	1090	124	decline	decline	NOUN
iiclr-17591	1090	125	of	of	ADP
iiclr-17591	1090	126	25.2	25.2	NUM
iiclr-17591	1090	127	%	%	NOUN
iiclr-17591	1090	128	in	in	ADP
iiclr-17591	1090	129	firms	firm	NOUN
iiclr-17591	1090	130	with	with	ADP
iiclr-17591	1090	131	more	more	ADJ
iiclr-17591	1090	132	than	than	ADP
iiclr-17591	1090	133	500	500	NUM
iiclr-17591	1090	134	employees	employee	NOUN
iiclr-17591	1090	135	)	)	PUNCT
iiclr-17591	1090	136	.	.	PUNCT
iiclr-17591	1091	1	1995	1995	NUM
iiclr-17591	1091	2	]	]	X
iiclr-17591	1091	3	ind	ind	NOUN
iiclr-17591	1091	4	.	.	PUNCT
iiclr-17591	1092	1	in	in	ADP
iiclr-17591	1092	2	'	'	PUNCT
iiclr-17591	1092	3	"	"	PUNCT
iiclr-17591	1092	4	l	l	PROPN
iiclr-17591	1092	5	&	&	CCONJ
iiclr-17591	1092	6	comp	comp	PROPN
iiclr-17591	1092	7	.	.	PUNCT
iiclr-17591	1093	1	l	l	PROPN
iiclr-17591	1093	2	rev	rev	PROPN
iiclr-17591	1093	3	.	.	PROPN
iiclr-17591	1093	4	outside	outside	ADP
iiclr-17591	1093	5	the	the	DET
iiclr-17591	1093	6	firm	firm	NOUN
iiclr-17591	1093	7	,	,	PUNCT
iiclr-17591	1093	8	in	in	ADP
iiclr-17591	1093	9	the	the	DET
iiclr-17591	1093	10	market	market	NOUN
iiclr-17591	1093	11	,	,	PUNCT
iiclr-17591	1093	12	by	by	ADP
iiclr-17591	1093	13	means	mean	NOUN
iiclr-17591	1093	14	of	of	ADP
iiclr-17591	1093	15	instantaneous	instantaneous	ADJ
iiclr-17591	1093	16	exchanges	exchange	NOUN
iiclr-17591	1093	17	or	or	CCONJ
iiclr-17591	1093	18	in	in	ADP
iiclr-17591	1093	19	longterm	longterm	ADJ
iiclr-17591	1093	20	,	,	PUNCT
iiclr-17591	1093	21	complex	complex	ADJ
iiclr-17591	1093	22	contractual	contractual	ADJ
iiclr-17591	1093	23	arrangement	arrangement	NOUN
iiclr-17591	1093	24	.	.	PUNCT
iiclr-17591	1094	1	16	16	NUM
iiclr-17591	1094	2	all	all	DET
iiclr-17591	1094	3	this	this	DET
iiclr-17591	1094	4	data	data	NOUN
iiclr-17591	1094	5	tells	tell	VERB
iiclr-17591	1094	6	is	be	AUX
iiclr-17591	1094	7	that	that	SCONJ
iiclr-17591	1094	8	the	the	DET
iiclr-17591	1094	9	"	"	PUNCT
iiclr-17591	1094	10	efficient	efficient	ADJ
iiclr-17591	1094	11	boundary	boundary	NOUN
iiclr-17591	1094	12	"	"	PUNCT
iiclr-17591	1094	13	"	"	PUNCT
iiclr-17591	1094	14	'	'	PUNCT
iiclr-17591	1094	15	of	of	ADP
iiclr-17591	1094	16	italian	italian	ADJ
iiclr-17591	1094	17	firms	firm	NOUN
iiclr-17591	1094	18	are	be	AUX
iiclr-17591	1094	19	normally	normally	ADV
iiclr-17591	1094	20	small	small	ADJ
iiclr-17591	1094	21	.	.	PUNCT
iiclr-17591	1095	1	possible	possible	ADJ
iiclr-17591	1095	2	determining	determine	VERB
iiclr-17591	1095	3	factors	factor	NOUN
iiclr-17591	1095	4	and	and	CCONJ
iiclr-17591	1095	5	subjects	subject	NOUN
iiclr-17591	1095	6	of	of	ADP
iiclr-17591	1095	7	further	further	ADJ
iiclr-17591	1095	8	research	research	NOUN
iiclr-17591	1095	9	are	be	AUX
iiclr-17591	1095	10	:	:	PUNCT
iiclr-17591	1095	11	the	the	DET
iiclr-17591	1095	12	role	role	NOUN
iiclr-17591	1095	13	of	of	ADP
iiclr-17591	1095	14	labor	labor	NOUN
iiclr-17591	1095	15	laws	law	NOUN
iiclr-17591	1095	16	imposing	impose	VERB
iiclr-17591	1095	17	higher	high	ADJ
iiclr-17591	1095	18	burdens	burden	NOUN
iiclr-17591	1095	19	on	on	ADP
iiclr-17591	1095	20	firms	firm	NOUN
iiclr-17591	1095	21	with	with	ADP
iiclr-17591	1095	22	more	more	ADJ
iiclr-17591	1095	23	than	than	ADP
iiclr-17591	1095	24	a	a	DET
iiclr-17591	1095	25	certain	certain	ADJ
iiclr-17591	1095	26	number	number	NOUN
iiclr-17591	1095	27	of	of	ADP
iiclr-17591	1095	28	employees	employee	NOUN
iiclr-17591	1095	29	,	,	PUNCT
iiclr-17591	1095	30	"	"	PUNCT
iiclr-17591	1095	31	'	'	PUNCT
iiclr-17591	1095	32	the	the	DET
iiclr-17591	1095	33	role	role	NOUN
iiclr-17591	1095	34	of	of	ADP
iiclr-17591	1095	35	"	"	PUNCT
iiclr-17591	1095	36	industrial	industrial	ADJ
iiclr-17591	1095	37	districts	district	NOUN
iiclr-17591	1095	38	"	"	PUNCT
iiclr-17591	1095	39	in	in	ADP
iiclr-17591	1095	40	which	which	PRON
iiclr-17591	1095	41	small	small	ADJ
iiclr-17591	1095	42	homogeneous	homogeneous	ADJ
iiclr-17591	1095	43	firms	firm	NOUN
iiclr-17591	1095	44	clustered	cluster	VERB
iiclr-17591	1095	45	in	in	ADP
iiclr-17591	1095	46	the	the	DET
iiclr-17591	1095	47	same	same	ADJ
iiclr-17591	1095	48	area	area	NOUN
iiclr-17591	1095	49	achieve	achieve	VERB
iiclr-17591	1095	50	economies	economy	NOUN
iiclr-17591	1095	51	of	of	ADP
iiclr-17591	1095	52	various	various	ADJ
iiclr-17591	1095	53	nature,9	nature,9	X
iiclr-17591	1095	54	the	the	DET
iiclr-17591	1095	55	existence	existence	NOUN
iiclr-17591	1095	56	of	of	ADP
iiclr-17591	1095	57	stable	stable	ADJ
iiclr-17591	1095	58	interfirm	interfirm	NOUN
iiclr-17591	1095	59	relationships	relationship	NOUN
iiclr-17591	1095	60	mirroring	mirror	VERB
iiclr-17591	1095	61	the	the	DET
iiclr-17591	1095	62	productive	productive	ADJ
iiclr-17591	1095	63	structure	structure	NOUN
iiclr-17591	1095	64	of	of	ADP
iiclr-17591	1095	65	large	large	ADJ
iiclr-17591	1095	66	firms	firm	NOUN
iiclr-17591	1095	67	20	20	NUM
iiclr-17591	1095	68	or	or	CCONJ
iiclr-17591	1095	69	at	at	ADP
iiclr-17591	1095	70	any	any	DET
iiclr-17591	1095	71	rate	rate	NOUN
iiclr-17591	1095	72	reducing	reduce	VERB
iiclr-17591	1095	73	transaction	transaction	NOUN
iiclr-17591	1095	74	costs	cost	NOUN
iiclr-17591	1095	75	,	,	PUNCT
iiclr-17591	1095	76	'	'	PUNCT
iiclr-17591	1095	77	the	the	DET
iiclr-17591	1095	78	existence	existence	NOUN
iiclr-17591	1095	79	of	of	ADP
iiclr-17591	1095	80	quasi	quasi	ADJ
iiclr-17591	1095	81	-	-	ADJ
iiclr-17591	1095	82	public	public	ADJ
iiclr-17591	1095	83	agencies	agency	NOUN
iiclr-17591	1095	84	with	with	ADP
iiclr-17591	1095	85	the	the	DET
iiclr-17591	1095	86	same	same	ADJ
iiclr-17591	1095	87	goals	goal	NOUN
iiclr-17591	1095	88	,	,	PUNCT
iiclr-17591	1095	89	'	'	PUNCT
iiclr-17591	1095	90	and	and	CCONJ
iiclr-17591	1095	91	an	an	DET
iiclr-17591	1095	92	unsuspected	unsuspected	ADJ
iiclr-17591	1095	93	116	116	NUM
iiclr-17591	1095	94	.	.	PUNCT
iiclr-17591	1096	1	this	this	PRON
iiclr-17591	1096	2	is	be	AUX
iiclr-17591	1096	3	,	,	PUNCT
iiclr-17591	1096	4	of	of	ADP
iiclr-17591	1096	5	course	course	NOUN
iiclr-17591	1096	6	,	,	PUNCT
iiclr-17591	1096	7	the	the	DET
iiclr-17591	1096	8	kind	kind	NOUN
iiclr-17591	1096	9	of	of	ADP
iiclr-17591	1096	10	analysis	analysis	NOUN
iiclr-17591	1096	11	suggested	suggest	VERB
iiclr-17591	1096	12	first	first	ADV
iiclr-17591	1096	13	by	by	ADP
iiclr-17591	1096	14	ronald	ronald	PROPN
iiclr-17591	1096	15	h.	h.	PROPN
iiclr-17591	1096	16	coase	coase	PROPN
iiclr-17591	1096	17	,	,	PUNCT
iiclr-17591	1096	18	the	the	DET
iiclr-17591	1096	19	nature	nature	NOUN
iiclr-17591	1096	20	of	of	ADP
iiclr-17591	1096	21	the	the	DET
iiclr-17591	1096	22	fin	fin	NOUN
iiclr-17591	1096	23	,	,	PUNCT
iiclr-17591	1096	24	4	4	NUM
iiclr-17591	1096	25	economica	economica	PROPN
iiclr-17591	1096	26	386	386	NUM
iiclr-17591	1096	27	(	(	PUNCT
iiclr-17591	1096	28	1937	1937	NUM
iiclr-17591	1096	29	)	)	PUNCT
iiclr-17591	1096	30	,	,	PUNCT
iiclr-17591	1096	31	reprinted	reprint	VERB
iiclr-17591	1096	32	in	in	ADP
iiclr-17591	1096	33	ronald	ronald	PROPN
iiclr-17591	1096	34	h.	h.	PROPN
iiclr-17591	1096	35	coase	coase	PROPN
iiclr-17591	1096	36	,	,	PUNCT
iiclr-17591	1096	37	the	the	DET
iiclr-17591	1096	38	firm	firm	NOUN
iiclr-17591	1096	39	,	,	PUNCT
iiclr-17591	1096	40	the	the	DET
iiclr-17591	1096	41	market	market	NOUN
iiclr-17591	1096	42	and	and	CCONJ
iiclr-17591	1096	43	the	the	DET
iiclr-17591	1096	44	law	law	NOUN
iiclr-17591	1096	45	33	33	NUM
iiclr-17591	1096	46	(	(	PUNCT
iiclr-17591	1096	47	1988	1988	NUM
iiclr-17591	1096	48	)	)	PUNCT
iiclr-17591	1096	49	;	;	PUNCT
iiclr-17591	1096	50	i	i	PROPN
iiclr-17591	1096	51	d.	d.	PROPN
iiclr-17591	1096	52	,	,	PUNCT
iiclr-17591	1096	53	industrial	industrial	ADJ
iiclr-17591	1096	54	organization	organization	NOUN
iiclr-17591	1096	55	:	:	PUNCT
iiclr-17591	1096	56	a	a	DET
iiclr-17591	1096	57	proposal	proposal	NOUN
iiclr-17591	1096	58	for	for	ADP
iiclr-17591	1096	59	research	research	NOUN
iiclr-17591	1096	60	,	,	PUNCT
iiclr-17591	1096	61	in	in	ADP
iiclr-17591	1096	62	policy	policy	NOUN
iiclr-17591	1096	63	issues	issue	NOUN
iiclr-17591	1096	64	and	and	CCONJ
iiclr-17591	1096	65	research	research	NOUN
iiclr-17591	1096	66	opportunities	opportunity	NOUN
iiclr-17591	1096	67	in	in	ADP
iiclr-17591	1096	68	industrial	industrial	ADJ
iiclr-17591	1096	69	organization	organization	NOUN
iiclr-17591	1096	70	59	59	NUM
iiclr-17591	1096	71	(	(	PUNCT
iiclr-17591	1096	72	victor	victor	PROPN
iiclr-17591	1096	73	r.	r.	PROPN
iiclr-17591	1096	74	fuchs	fuchs	PROPN
iiclr-17591	1096	75	ed	ed	PROPN
iiclr-17591	1096	76	.	.	PROPN
iiclr-17591	1096	77	,	,	PUNCT
iiclr-17591	1096	78	1972	1972	NUM
iiclr-17591	1096	79	)	)	PUNCT
iiclr-17591	1096	80	,	,	PUNCT
iiclr-17591	1096	81	reprinted	reprint	VERB
iiclr-17591	1096	82	in	in	ADP
iiclr-17591	1096	83	coase	coase	PROPN
iiclr-17591	1096	84	,	,	PUNCT
iiclr-17591	1096	85	supra	supra	NOUN
iiclr-17591	1096	86	,	,	PUNCT
iiclr-17591	1096	87	at	at	ADP
iiclr-17591	1096	88	57	57	NUM
iiclr-17591	1096	89	,	,	PUNCT
iiclr-17591	1096	90	65	65	NUM
iiclr-17591	1096	91	,	,	PUNCT
iiclr-17591	1096	92	74	74	NUM
iiclr-17591	1096	93	(	(	PUNCT
iiclr-17591	1096	94	1988	1988	NUM
iiclr-17591	1096	95	)	)	PUNCT
iiclr-17591	1096	96	.	.	PUNCT
iiclr-17591	1097	1	117	117	NUM
iiclr-17591	1097	2	.	.	PUNCT
iiclr-17591	1097	3	ronald	ronald	PROPN
iiclr-17591	1097	4	j.	j.	PROPN
iiclr-17591	1097	5	gilson	gilson	PROPN
iiclr-17591	1097	6	,	,	PUNCT
iiclr-17591	1097	7	the	the	DET
iiclr-17591	1097	8	political	political	ADJ
iiclr-17591	1097	9	ecology	ecology	NOUN
iiclr-17591	1097	10	of	of	ADP
iiclr-17591	1097	11	takeovers	takeover	NOUN
iiclr-17591	1097	12	:	:	PUNCT
iiclr-17591	1097	13	thoughts	thought	NOUN
iiclr-17591	1097	14	on	on	ADP
iiclr-17591	1097	15	harmonizing	harmonize	VERB
iiclr-17591	1097	16	the	the	DET
iiclr-17591	1097	17	european	european	ADJ
iiclr-17591	1097	18	corporate	corporate	ADJ
iiclr-17591	1097	19	governance	governance	NOUN
iiclr-17591	1097	20	environment	environment	NOUN
iiclr-17591	1097	21	,	,	PUNCT
iiclr-17591	1097	22	61	61	NUM
iiclr-17591	1097	23	fordham	fordham	PROPN
iiclr-17591	1097	24	l.	l.	PROPN
iiclr-17591	1097	25	rev	rev	PROPN
iiclr-17591	1097	26	.	.	PROPN
iiclr-17591	1097	27	161	161	NUM
iiclr-17591	1097	28	,	,	PUNCT
iiclr-17591	1097	29	162	162	NUM
iiclr-17591	1097	30	-	-	SYM
iiclr-17591	1097	31	63	63	NUM
iiclr-17591	1097	32	(	(	PUNCT
iiclr-17591	1097	33	1992	1992	NUM
iiclr-17591	1097	34	)	)	PUNCT
iiclr-17591	1097	35	.	.	PUNCT
iiclr-17591	1098	1	118	118	NUM
iiclr-17591	1098	2	.	.	PUNCT
iiclr-17591	1099	1	the	the	DET
iiclr-17591	1099	2	most	most	ADV
iiclr-17591	1099	3	relevant	relevant	ADJ
iiclr-17591	1099	4	burdens	burden	NOUN
iiclr-17591	1099	5	are	be	AUX
iiclr-17591	1099	6	triggered	trigger	VERB
iiclr-17591	1099	7	when	when	SCONJ
iiclr-17591	1099	8	the	the	DET
iiclr-17591	1099	9	firm	firm	NOUN
iiclr-17591	1099	10	reaches	reach	VERB
iiclr-17591	1099	11	or	or	CCONJ
iiclr-17591	1099	12	passes	pass	VERB
iiclr-17591	1099	13	16	16	NUM
iiclr-17591	1099	14	employees	employee	NOUN
iiclr-17591	1099	15	(	(	PUNCT
iiclr-17591	1099	16	there	there	PRON
iiclr-17591	1099	17	are	be	VERB
iiclr-17591	1099	18	a	a	DET
iiclr-17591	1099	19	few	few	ADJ
iiclr-17591	1099	20	exceptions	exception	NOUN
iiclr-17591	1099	21	,	,	PUNCT
iiclr-17591	1099	22	and	and	CCONJ
iiclr-17591	1099	23	different	different	ADJ
iiclr-17591	1099	24	ways	way	NOUN
iiclr-17591	1099	25	of	of	ADP
iiclr-17591	1099	26	calculating	calculate	VERB
iiclr-17591	1099	27	the	the	DET
iiclr-17591	1099	28	number	number	NOUN
iiclr-17591	1099	29	of	of	ADP
iiclr-17591	1099	30	employees	employee	NOUN
iiclr-17591	1099	31	):	):	PUNCT
iiclr-17591	1099	32	art	art	NOUN
iiclr-17591	1099	33	.	.	PUNCT
iiclr-17591	1100	1	18	18	NUM
iiclr-17591	1100	2	,	,	PUNCT
iiclr-17591	1100	3	law	law	NOUN
iiclr-17591	1100	4	of	of	ADP
iiclr-17591	1100	5	may	may	PROPN
iiclr-17591	1100	6	20	20	NUM
iiclr-17591	1100	7	,	,	PUNCT
iiclr-17591	1100	8	1970	1970	NUM
iiclr-17591	1100	9	,	,	PUNCT
iiclr-17591	1100	10	no	no	INTJ
iiclr-17591	1100	11	.	.	NOUN
iiclr-17591	1100	12	300	300	NUM
iiclr-17591	1100	13	,	,	PUNCT
iiclr-17591	1100	14	as	as	SCONJ
iiclr-17591	1100	15	amended	amend	VERB
iiclr-17591	1100	16	by	by	ADP
iiclr-17591	1100	17	law	law	NOUN
iiclr-17591	1100	18	of	of	ADP
iiclr-17591	1100	19	may	may	PROPN
iiclr-17591	1100	20	11	11	NUM
iiclr-17591	1100	21	,	,	PUNCT
iiclr-17591	1100	22	1990	1990	NUM
iiclr-17591	1100	23	,	,	PUNCT
iiclr-17591	1100	24	no	no	INTJ
iiclr-17591	1100	25	.	.	NOUN
iiclr-17591	1100	26	108	108	NUM
iiclr-17591	1100	27	(	(	PUNCT
iiclr-17591	1100	28	duty	duty	NOUN
iiclr-17591	1100	29	to	to	PART
iiclr-17591	1100	30	rehire	rehire	VERB
iiclr-17591	1100	31	non	non	ADJ
iiclr-17591	1100	32	-	-	ADJ
iiclr-17591	1100	33	high	high	ADJ
iiclr-17591	1100	34	level	level	NOUN
iiclr-17591	1100	35	employees	employee	NOUN
iiclr-17591	1100	36	dismissed	dismiss	VERB
iiclr-17591	1100	37	without	without	ADP
iiclr-17591	1100	38	cause	cause	NOUN
iiclr-17591	1100	39	,	,	PUNCT
iiclr-17591	1100	40	and	and	CCONJ
iiclr-17591	1100	41	higher	high	ADJ
iiclr-17591	1100	42	liability	liability	NOUN
iiclr-17591	1100	43	of	of	ADP
iiclr-17591	1100	44	the	the	DET
iiclr-17591	1100	45	employer	employer	NOUN
iiclr-17591	1100	46	to	to	ADP
iiclr-17591	1100	47	them	they	PRON
iiclr-17591	1100	48	)	)	PUNCT
iiclr-17591	1100	49	;	;	PUNCT
iiclr-17591	1100	50	art	art	NOUN
iiclr-17591	1100	51	.	.	PUNCT
iiclr-17591	1101	1	35	35	NUM
iiclr-17591	1101	2	of	of	ADP
iiclr-17591	1101	3	the	the	DET
iiclr-17591	1101	4	same	same	ADJ
iiclr-17591	1101	5	law	law	NOUN
iiclr-17591	1101	6	no	no	NOUN
iiclr-17591	1101	7	.	.	PUNCT
iiclr-17591	1102	1	300/1970	300/1970	NUM
iiclr-17591	1102	2	(	(	PUNCT
iiclr-17591	1102	3	unions	union	NOUN
iiclr-17591	1102	4	'	'	PART
iiclr-17591	1102	5	rights	right	NOUN
iiclr-17591	1102	6	,	,	PUNCT
iiclr-17591	1102	7	some	some	PRON
iiclr-17591	1102	8	of	of	ADP
iiclr-17591	1102	9	them	they	PRON
iiclr-17591	1102	10	imposing	impose	VERB
iiclr-17591	1102	11	direct	direct	ADJ
iiclr-17591	1102	12	costs	cost	NOUN
iiclr-17591	1102	13	on	on	ADP
iiclr-17591	1102	14	the	the	DET
iiclr-17591	1102	15	employer	employer	NOUN
iiclr-17591	1102	16	)	)	PUNCT
iiclr-17591	1102	17	.	.	PUNCT
iiclr-17591	1103	1	additional	additional	ADJ
iiclr-17591	1103	2	burdens	burden	NOUN
iiclr-17591	1103	3	arise	arise	VERB
iiclr-17591	1103	4	for	for	ADP
iiclr-17591	1103	5	the	the	DET
iiclr-17591	1103	6	employer	employer	NOUN
iiclr-17591	1103	7	if	if	SCONJ
iiclr-17591	1103	8	the	the	DET
iiclr-17591	1103	9	firm	firm	NOUN
iiclr-17591	1103	10	passes	pass	VERB
iiclr-17591	1103	11	35	35	NUM
iiclr-17591	1103	12	employees	employee	NOUN
iiclr-17591	1103	13	,	,	PUNCT
iiclr-17591	1103	14	as	as	SCONJ
iiclr-17591	1103	15	the	the	DET
iiclr-17591	1103	16	employer	employer	NOUN
iiclr-17591	1103	17	must	must	AUX
iiclr-17591	1103	18	hire	hire	VERB
iiclr-17591	1103	19	a	a	DET
iiclr-17591	1103	20	fixed	fix	VERB
iiclr-17591	1103	21	percentage	percentage	NOUN
iiclr-17591	1103	22	of	of	ADP
iiclr-17591	1103	23	people	people	NOUN
iiclr-17591	1103	24	having	have	VERB
iiclr-17591	1103	25	a	a	DET
iiclr-17591	1103	26	reduced	reduce	VERB
iiclr-17591	1103	27	ability	ability	NOUN
iiclr-17591	1103	28	to	to	PART
iiclr-17591	1103	29	work	work	VERB
iiclr-17591	1103	30	.	.	PUNCT
iiclr-17591	1104	1	a	a	DET
iiclr-17591	1104	2	clear	clear	ADJ
iiclr-17591	1104	3	reaction	reaction	NOUN
iiclr-17591	1104	4	of	of	ADP
iiclr-17591	1104	5	such	such	ADJ
iiclr-17591	1104	6	burdens	burden	NOUN
iiclr-17591	1104	7	is	be	AUX
iiclr-17591	1104	8	the	the	DET
iiclr-17591	1104	9	phenomenon	phenomenon	NOUN
iiclr-17591	1104	10	of	of	ADP
iiclr-17591	1104	11	micro	micro	NOUN
iiclr-17591	1104	12	-	-	NOUN
iiclr-17591	1104	13	groups	group	NOUN
iiclr-17591	1104	14	of	of	ADP
iiclr-17591	1104	15	companies	company	NOUN
iiclr-17591	1104	16	,	,	PUNCT
iiclr-17591	1104	17	often	often	ADV
iiclr-17591	1104	18	targeted	target	VERB
iiclr-17591	1104	19	by	by	ADP
iiclr-17591	1104	20	unions	union	NOUN
iiclr-17591	1104	21	and	and	CCONJ
iiclr-17591	1104	22	workers	worker	NOUN
iiclr-17591	1104	23	and	and	CCONJ
iiclr-17591	1104	24	sanctioned	sanction	VERB
iiclr-17591	1104	25	by	by	ADP
iiclr-17591	1104	26	the	the	DET
iiclr-17591	1104	27	courts	court	NOUN
iiclr-17591	1104	28	as	as	ADP
iiclr-17591	1104	29	"	"	PUNCT
iiclr-17591	1104	30	fraud	fraud	NOUN
iiclr-17591	1104	31	on	on	ADP
iiclr-17591	1104	32	the	the	DET
iiclr-17591	1104	33	law	law	NOUN
iiclr-17591	1104	34	.	.	PUNCT
iiclr-17591	1104	35	"	"	PUNCT
iiclr-17591	1105	1	for	for	ADP
iiclr-17591	1105	2	a	a	DET
iiclr-17591	1105	3	thorough	thorough	ADJ
iiclr-17591	1105	4	analysis	analysis	NOUN
iiclr-17591	1105	5	,	,	PUNCT
iiclr-17591	1105	6	and	and	CCONJ
iiclr-17591	1105	7	a	a	DET
iiclr-17591	1105	8	critique	critique	NOUN
iiclr-17591	1105	9	,	,	PUNCT
iiclr-17591	1105	10	of	of	ADP
iiclr-17591	1105	11	such	such	ADJ
iiclr-17591	1105	12	doctrine	doctrine	NOUN
iiclr-17591	1105	13	and	and	CCONJ
iiclr-17591	1105	14	of	of	ADP
iiclr-17591	1105	15	cases	case	NOUN
iiclr-17591	1105	16	arising	arise	VERB
iiclr-17591	1105	17	out	out	ADP
iiclr-17591	1105	18	of	of	ADP
iiclr-17591	1105	19	it	it	PRON
iiclr-17591	1105	20	,	,	PUNCT
iiclr-17591	1105	21	see	see	VERB
iiclr-17591	1105	22	alberto	alberto	PROPN
iiclr-17591	1105	23	niccolai	niccolai	PROPN
iiclr-17591	1105	24	,	,	PUNCT
iiclr-17591	1105	25	'	'	PUNCT
iiclr-17591	1105	26	gruppi	gruppi	NOUN
iiclr-17591	1105	27	'	'	PUNCT
iiclr-17591	1105	28	di	di	X
iiclr-17591	1105	29	imprese	imprese	PROPN
iiclr-17591	1105	30	,	,	PUNCT
iiclr-17591	1105	31	personalit	personalit	NOUN
iiclr-17591	1105	32	*	*	X
iiclr-17591	1105	33	giuridica	giuridica	PROPN
iiclr-17591	1105	34	e	e	PROPN
iiclr-17591	1105	35	rapporto	rapporto	PROPN
iiclr-17591	1105	36	di	di	PROPN
iiclr-17591	1105	37	lavoro,,1990	lavoro,,1990	PROPN
iiclr-17591	1105	38	nuova	nuova	PROPN
iiclr-17591	1105	39	giurisprudenza	giurisprudenza	PROPN
iiclr-17591	1105	40	civile	civile	PROPN
iiclr-17591	1105	41	commentata	commentata	NOUN
iiclr-17591	1105	42	11	11	NUM
iiclr-17591	1105	43	,	,	PUNCT
iiclr-17591	1105	44	464	464	NUM
iiclr-17591	1105	45	.	.	PUNCT
iiclr-17591	1106	1	119	119	NUM
iiclr-17591	1106	2	.	.	PUNCT
iiclr-17591	1107	1	for	for	ADP
iiclr-17591	1107	2	particular	particular	ADJ
iiclr-17591	1107	3	focus	focus	NOUN
iiclr-17591	1107	4	on	on	ADP
iiclr-17591	1107	5	the	the	DET
iiclr-17591	1107	6	italian	italian	ADJ
iiclr-17591	1107	7	experience	experience	NOUN
iiclr-17591	1107	8	of	of	ADP
iiclr-17591	1107	9	industrial	industrial	ADJ
iiclr-17591	1107	10	districts	district	NOUN
iiclr-17591	1107	11	,	,	PUNCT
iiclr-17591	1107	12	see	see	VERB
iiclr-17591	1107	13	mercato	mercato	PROPN
iiclr-17591	1107	14	e	e	PROPN
iiclr-17591	1107	15	forze	forze	PROPN
iiclr-17591	1107	16	locali	locali	VERB
iiclr-17591	1107	17	:	:	PUNCT
iiclr-17591	1107	18	il	il	PROPN
iiclr-17591	1107	19	distretro	distretro	ADJ
iiclr-17591	1107	20	industriale	industriale	PROPN
iiclr-17591	1107	21	(	(	PUNCT
iiclr-17591	1107	22	giacomo	giacomo	NOUN
iiclr-17591	1107	23	becattini	becattini	NOUN
iiclr-17591	1107	24	ed	ed	NOUN
iiclr-17591	1107	25	.	.	PROPN
iiclr-17591	1107	26	,	,	PUNCT
iiclr-17591	1107	27	1987	1987	NUM
iiclr-17591	1107	28	)	)	PUNCT
iiclr-17591	1107	29	.	.	PUNCT
iiclr-17591	1108	1	120	120	NUM
iiclr-17591	1108	2	.	.	PUNCT
iiclr-17591	1109	1	according	accord	VERB
iiclr-17591	1109	2	to	to	ADP
iiclr-17591	1109	3	the	the	DET
iiclr-17591	1109	4	survey	survey	NOUN
iiclr-17591	1109	5	ofministerodell'industria	ofministerodell'industria	PROPN
iiclr-17591	1109	6	&	&	CCONJ
iiclr-17591	1109	7	mediocredito	mediocredito	PROPN
iiclr-17591	1109	8	centrale	centrale	PROPN
iiclr-17591	1109	9	,	,	PUNCT
iiclr-17591	1109	10	supra	supra	PROPN
iiclr-17591	1109	11	note	note	NOUN
iiclr-17591	1109	12	113	113	NUM
iiclr-17591	1109	13	,	,	PUNCT
iiclr-17591	1109	14	at	at	ADP
iiclr-17591	1109	15	47	47	NUM
iiclr-17591	1109	16	-	-	SYM
iiclr-17591	1109	17	48	48	NUM
iiclr-17591	1109	18	,	,	PUNCT
iiclr-17591	1109	19	about	about	ADV
iiclr-17591	1109	20	a	a	DET
iiclr-17591	1109	21	quarter	quarter	NOUN
iiclr-17591	1109	22	of	of	ADP
iiclr-17591	1109	23	the	the	DET
iiclr-17591	1109	24	4,811	4,811	NUM
iiclr-17591	1109	25	firms	firm	NOUN
iiclr-17591	1109	26	in	in	ADP
iiclr-17591	1109	27	the	the	DET
iiclr-17591	1109	28	sample	sample	NOUN
iiclr-17591	1109	29	(	(	PUNCT
iiclr-17591	1109	30	representative	representative	NOUN
iiclr-17591	1109	31	of	of	ADP
iiclr-17591	1109	32	the	the	DET
iiclr-17591	1109	33	64,463	64,463	NUM
iiclr-17591	1109	34	italian	italian	ADJ
iiclr-17591	1109	35	manufacturing	manufacturing	NOUN
iiclr-17591	1109	36	firms	firm	NOUN
iiclr-17591	1109	37	with	with	ADP
iiclr-17591	1109	38	more	more	ADJ
iiclr-17591	1109	39	than	than	ADP
iiclr-17591	1109	40	10	10	NUM
iiclr-17591	1109	41	employees	employee	NOUN
iiclr-17591	1109	42	in	in	ADP
iiclr-17591	1109	43	the	the	DET
iiclr-17591	1109	44	years	year	NOUN
iiclr-17591	1109	45	1989	1989	NUM
iiclr-17591	1109	46	-	-	SYM
iiclr-17591	1109	47	1991	1991	NUM
iiclr-17591	1109	48	)	)	PUNCT
iiclr-17591	1109	49	work	work	NOUN
iiclr-17591	1109	50	under	under	ADP
iiclr-17591	1109	51	subproduction	subproduction	NOUN
iiclr-17591	1109	52	agreements	agreement	NOUN
iiclr-17591	1109	53	.	.	PUNCT
iiclr-17591	1110	1	the	the	DET
iiclr-17591	1110	2	percentage	percentage	NOUN
iiclr-17591	1110	3	is	be	AUX
iiclr-17591	1110	4	more	more	ADJ
iiclr-17591	1110	5	than	than	ADP
iiclr-17591	1110	6	33	33	NUM
iiclr-17591	1110	7	%	%	NOUN
iiclr-17591	1110	8	in	in	ADP
iiclr-17591	1110	9	specialized	specialized	ADJ
iiclr-17591	1110	10	industries	industry	NOUN
iiclr-17591	1110	11	(	(	PUNCT
iiclr-17591	1110	12	production	production	NOUN
iiclr-17591	1110	13	of	of	ADP
iiclr-17591	1110	14	software	software	NOUN
iiclr-17591	1110	15	,	,	PUNCT
iiclr-17591	1110	16	industrial	industrial	ADJ
iiclr-17591	1110	17	machinery	machinery	NOUN
iiclr-17591	1110	18	,	,	PUNCT
iiclr-17591	1110	19	etc	etc	X
iiclr-17591	1110	20	.	.	X
iiclr-17591	1110	21	):	):	PUNCT
iiclr-17591	1110	22	see	see	VERB
iiclr-17591	1110	23	table	table	NOUN
iiclr-17591	1110	24	no	no	INTJ
iiclr-17591	1110	25	.	.	PROPN
iiclr-17591	1111	1	97	97	NUM
iiclr-17591	1111	2	.	.	NOUN
iiclr-17591	1112	1	121	121	NUM
iiclr-17591	1112	2	.	.	PUNCT
iiclr-17591	1113	1	minisierodeil'induitria&medioaredrrocetntalesupra	minisierodeil'induitria&medioaredrrocetntalesupra	NOUN
iiclr-17591	1113	2	note	note	NOUN
iiclr-17591	1113	3	113	113	NUM
iiclr-17591	1113	4	,	,	PUNCT
iiclr-17591	1113	5	at	at	ADP
iiclr-17591	1113	6	15	15	NUM
iiclr-17591	1113	7	(	(	PUNCT
iiclr-17591	1113	8	39	39	NUM
iiclr-17591	1113	9	%	%	NOUN
iiclr-17591	1113	10	of	of	ADP
iiclr-17591	1113	11	the	the	DET
iiclr-17591	1113	12	fms	fms	PROPN
iiclr-17591	1113	13	in	in	ADP
iiclr-17591	1113	14	the	the	DET
iiclr-17591	1113	15	sample	sample	NOUN
iiclr-17591	1113	16	had	have	VERB
iiclr-17591	1113	17	at	at	ADV
iiclr-17591	1113	18	least	least	ADV
iiclr-17591	1113	19	one	one	NUM
iiclr-17591	1113	20	project	project	NOUN
iiclr-17591	1113	21	of	of	ADP
iiclr-17591	1113	22	interfirm	interfirm	PROPN
iiclr-17591	1113	23	cooperation	cooperation	NOUN
iiclr-17591	1113	24	;	;	PUNCT
iiclr-17591	1113	25	see	see	VERB
iiclr-17591	1113	26	also	also	ADV
iiclr-17591	1113	27	tables	table	VERB
iiclr-17591	1113	28	no	no	PRON
iiclr-17591	1113	29	.	.	NOUN
iiclr-17591	1113	30	9599	9599	NUM
iiclr-17591	1113	31	)	)	PUNCT
iiclr-17591	1113	32	.	.	PUNCT
iiclr-17591	1114	1	122	122	NUM
iiclr-17591	1114	2	.	.	PUNCT
iiclr-17591	1115	1	typical	typical	ADJ
iiclr-17591	1115	2	examples	example	NOUN
iiclr-17591	1115	3	of	of	ADP
iiclr-17591	1115	4	such	such	ADJ
iiclr-17591	1115	5	public	public	ADJ
iiclr-17591	1115	6	or	or	CCONJ
iiclr-17591	1115	7	quasi	quasi	ADJ
iiclr-17591	1115	8	-	-	ADJ
iiclr-17591	1115	9	public	public	ADJ
iiclr-17591	1115	10	agencies	agency	NOUN
iiclr-17591	1115	11	are	be	AUX
iiclr-17591	1115	12	export	export	NOUN
iiclr-17591	1115	13	interfirm	interfirm	NOUN
iiclr-17591	1115	14	consortia	consortia	PROPN
iiclr-17591	1115	15	,	,	PUNCT
iiclr-17591	1115	16	consortia	consortium	NOUN
iiclr-17591	1115	17	aiming	aim	VERB
iiclr-17591	1115	18	at	at	ADP
iiclr-17591	1115	19	lowering	lower	VERB
iiclr-17591	1115	20	the	the	DET
iiclr-17591	1115	21	cost	cost	NOUN
iiclr-17591	1115	22	of	of	ADP
iiclr-17591	1115	23	credit	credit	NOUN
iiclr-17591	1115	24	by	by	ADP
iiclr-17591	1115	25	means	mean	NOUN
iiclr-17591	1115	26	of	of	ADP
iiclr-17591	1115	27	a	a	DET
iiclr-17591	1115	28	sort	sort	NOUN
iiclr-17591	1115	29	of	of	ADP
iiclr-17591	1115	30	mutual	mutual	ADJ
iiclr-17591	1115	31	(	(	PUNCT
iiclr-17591	1115	32	limited	limited	ADJ
iiclr-17591	1115	33	)	)	PUNCT
iiclr-17591	1115	34	collateral	collateral	NOUN
iiclr-17591	1115	35	,	,	PUNCT
iiclr-17591	1115	36	companies	company	NOUN
iiclr-17591	1115	37	that	that	PRON
iiclr-17591	1115	38	insure	insure	VERB
iiclr-17591	1115	39	export	export	NOUN
iiclr-17591	1115	40	trade	trade	NOUN
iiclr-17591	1115	41	credits	credit	NOUN
iiclr-17591	1115	42	,	,	PUNCT
iiclr-17591	1115	43	etc	etc	X
iiclr-17591	1115	44	.	.	X
iiclr-17591	1115	45	for	for	ADP
iiclr-17591	1115	46	a	a	DET
iiclr-17591	1115	47	partly	partly	ADV
iiclr-17591	1115	48	critical	critical	ADJ
iiclr-17591	1115	49	assessment	assessment	NOUN
iiclr-17591	1115	50	of	of	ADP
iiclr-17591	1115	51	the	the	DET
iiclr-17591	1115	52	italian	italian	ADJ
iiclr-17591	1115	53	experience	experience	NOUN
iiclr-17591	1115	54	with	with	ADP
iiclr-17591	1115	55	such	such	ADJ
iiclr-17591	1115	56	agencies	agency	NOUN
iiclr-17591	1115	57	,	,	PUNCT
iiclr-17591	1115	58	as	as	SCONJ
iiclr-17591	1115	59	compared	compare	VERB
iiclr-17591	1115	60	to	to	ADP
iiclr-17591	1115	61	the	the	DET
iiclr-17591	1115	62	french	french	ADJ
iiclr-17591	1115	63	,	,	PUNCT
iiclr-17591	1115	64	british	british	ADJ
iiclr-17591	1115	65	and	and	CCONJ
iiclr-17591	1115	66	german	german	ADJ
iiclr-17591	1115	67	ones	one	NOUN
iiclr-17591	1115	68	,	,	PUNCT
iiclr-17591	1115	69	see	see	VERB
iiclr-17591	1115	70	generally	generally	ADV
iiclr-17591	1115	71	ministero	ministero	PROPN
iiclr-17591	1115	72	dell'industria	dell'industria	PROPN
iiclr-17591	1115	73	&	&	CCONJ
iiclr-17591	1115	74	meiocredito	meiocredito	PROPN
iiclr-17591	1115	75	centrale	centrale	PROPN
iiclr-17591	1115	76	,	,	PUNCT
iiclr-17591	1115	77	supra	supra	PROPN
iiclr-17591	1115	78	note	note	NOUN
iiclr-17591	1115	79	113	113	NUM
iiclr-17591	1115	80	,	,	PUNCT
iiclr-17591	1115	81	at	at	ADP
iiclr-17591	1115	82	71	71	NUM
iiclr-17591	1115	83	-	-	SYM
iiclr-17591	1115	84	77	77	NUM
iiclr-17591	1115	85	.	.	PUNCT
iiclr-17591	1116	1	[	[	X
iiclr-17591	1116	2	vol	vol	NOUN
iiclr-17591	1116	3	.	.	PUNCT
iiclr-17591	1117	1	6:1	6:1	NUM
iiclr-17591	1117	2	corporate	corporate	ADJ
iiclr-17591	1117	3	governance	governance	NOUN
iiclr-17591	1117	4	in	in	ADP
iiclr-17591	1117	5	italy	italy	PROPN
iiclr-17591	1117	6	tendency	tendency	NOUN
iiclr-17591	1117	7	of	of	ADP
iiclr-17591	1117	8	italian	italian	ADJ
iiclr-17591	1117	9	small	small	ADJ
iiclr-17591	1117	10	firms	firm	NOUN
iiclr-17591	1117	11	to	to	PART
iiclr-17591	1117	12	invest	invest	VERB
iiclr-17591	1117	13	in	in	ADP
iiclr-17591	1117	14	r	r	PROPN
iiclr-17591	1117	15	&	&	CCONJ
iiclr-17591	1117	16	d.	d.	PROPN
iiclr-17591	1117	17	23	23	NUM
iiclr-17591	1117	18	other	other	ADJ
iiclr-17591	1117	19	factors	factor	NOUN
iiclr-17591	1117	20	are	be	AUX
iiclr-17591	1117	21	less	less	ADV
iiclr-17591	1117	22	tangible	tangible	ADJ
iiclr-17591	1117	23	,	,	PUNCT
iiclr-17591	1117	24	and	and	CCONJ
iiclr-17591	1117	25	their	their	PRON
iiclr-17591	1117	26	role	role	NOUN
iiclr-17591	1117	27	is	be	AUX
iiclr-17591	1117	28	even	even	ADV
iiclr-17591	1117	29	less	less	ADV
iiclr-17591	1117	30	determinable	determinable	ADJ
iiclr-17591	1117	31	here.iu	here.iu	NUM
iiclr-17591	1117	32	advantages	advantage	NOUN
iiclr-17591	1117	33	and	and	CCONJ
iiclr-17591	1117	34	disadvantages	disadvantage	NOUN
iiclr-17591	1117	35	of	of	ADP
iiclr-17591	1117	36	small	small	ADJ
iiclr-17591	1117	37	size	size	NOUN
iiclr-17591	1117	38	have	have	AUX
iiclr-17591	1117	39	long	long	ADV
iiclr-17591	1117	40	been	be	AUX
iiclr-17591	1117	41	described	describe	VERB
iiclr-17591	1117	42	in	in	ADP
iiclr-17591	1117	43	italy	italy	PROPN
iiclr-17591	1117	44	and	and	CCONJ
iiclr-17591	1117	45	abroad	abroad	ADV
iiclr-17591	1117	46	,	,	PUNCT
iiclr-17591	1117	47	and	and	CCONJ
iiclr-17591	1117	48	it	it	PRON
iiclr-17591	1117	49	is	be	AUX
iiclr-17591	1117	50	not	not	PART
iiclr-17591	1117	51	possible	possible	ADJ
iiclr-17591	1117	52	to	to	PART
iiclr-17591	1117	53	discuss	discuss	VERB
iiclr-17591	1117	54	them	they	PRON
iiclr-17591	1117	55	in	in	ADP
iiclr-17591	1117	56	detail	detail	NOUN
iiclr-17591	1117	57	.	.	PUNCT
iiclr-17591	1118	1	among	among	ADP
iiclr-17591	1118	2	the	the	DET
iiclr-17591	1118	3	advantages	advantage	NOUN
iiclr-17591	1118	4	,	,	PUNCT
iiclr-17591	1118	5	reduced	reduce	VERB
iiclr-17591	1118	6	(	(	PUNCT
iiclr-17591	1118	7	or	or	CCONJ
iiclr-17591	1118	8	absent	absent	ADJ
iiclr-17591	1118	9	)	)	PUNCT
iiclr-17591	1118	10	agency	agency	NOUN
iiclr-17591	1118	11	costs	cost	NOUN
iiclr-17591	1118	12	and	and	CCONJ
iiclr-17591	1118	13	high	high	ADJ
iiclr-17591	1118	14	flexibility	flexibility	NOUN
iiclr-17591	1118	15	stand	stand	VERB
iiclr-17591	1118	16	out	out	ADP
iiclr-17591	1118	17	.	.	PUNCT
iiclr-17591	1119	1	25	25	NUM
iiclr-17591	1119	2	among	among	ADP
iiclr-17591	1119	3	the	the	DET
iiclr-17591	1119	4	disadvantages	disadvantage	NOUN
iiclr-17591	1119	5	are	be	AUX
iiclr-17591	1119	6	the	the	DET
iiclr-17591	1119	7	reduced	reduce	VERB
iiclr-17591	1119	8	ability	ability	NOUN
iiclr-17591	1119	9	to	to	PART
iiclr-17591	1119	10	make	make	VERB
iiclr-17591	1119	11	strategic	strategic	ADJ
iiclr-17591	1119	12	investments	investment	NOUN
iiclr-17591	1119	13	and	and	CCONJ
iiclr-17591	1119	14	a	a	DET
iiclr-17591	1119	15	higher	high	ADJ
iiclr-17591	1119	16	sensitivity	sensitivity	NOUN
iiclr-17591	1119	17	to	to	ADP
iiclr-17591	1119	18	financial	financial	ADJ
iiclr-17591	1119	19	problems	problem	NOUN
iiclr-17591	1119	20	.	.	PUNCT
iiclr-17591	1120	1	although	although	SCONJ
iiclr-17591	1120	2	the	the	DET
iiclr-17591	1120	3	profitability	profitability	NOUN
iiclr-17591	1120	4	of	of	ADP
iiclr-17591	1120	5	italian	italian	ADJ
iiclr-17591	1120	6	small	small	ADJ
iiclr-17591	1120	7	-	-	PUNCT
iiclr-17591	1120	8	medium	medium	NOUN
iiclr-17591	1120	9	firms	firm	NOUN
iiclr-17591	1120	10	is	be	AUX
iiclr-17591	1120	11	generally	generally	ADV
iiclr-17591	1120	12	in	in	ADP
iiclr-17591	1120	13	line	line	NOUN
iiclr-17591	1120	14	with	with	ADP
iiclr-17591	1120	15	that	that	PRON
iiclr-17591	1120	16	of	of	ADP
iiclr-17591	1120	17	large	large	ADJ
iiclr-17591	1120	18	firms	firm	NOUN
iiclr-17591	1120	19	26	26	NUM
iiclr-17591	1120	20	and	and	CCONJ
iiclr-17591	1120	21	is	be	AUX
iiclr-17591	1120	22	comparable	comparable	ADJ
iiclr-17591	1120	23	with	with	ADP
iiclr-17591	1120	24	the	the	DET
iiclr-17591	1120	25	profitability	profitability	NOUN
iiclr-17591	1120	26	of	of	ADP
iiclr-17591	1120	27	foreign	foreign	ADJ
iiclr-17591	1120	28	corporations	corporation	NOUN
iiclr-17591	1120	29	,	,	PUNCT
iiclr-17591	1120	30	we	we	PRON
iiclr-17591	1120	31	can	can	AUX
iiclr-17591	1120	32	not	not	PART
iiclr-17591	1120	33	reach	reach	VERB
iiclr-17591	1120	34	a	a	DET
iiclr-17591	1120	35	conclusion	conclusion	NOUN
iiclr-17591	1120	36	as	as	ADP
iiclr-17591	1120	37	to	to	ADP
iiclr-17591	1120	38	which	which	DET
iiclr-17591	1120	39	structure	structure	NOUN
iiclr-17591	1120	40	is	be	AUX
iiclr-17591	1120	41	best	good	ADJ
iiclr-17591	1120	42	,	,	PUNCT
iiclr-17591	1120	43	for	for	ADP
iiclr-17591	1120	44	the	the	DET
iiclr-17591	1120	45	italian	italian	ADJ
iiclr-17591	1120	46	economic	economic	ADJ
iiclr-17591	1120	47	system	system	NOUN
iiclr-17591	1120	48	or	or	CCONJ
iiclr-17591	1120	49	others	other	NOUN
iiclr-17591	1120	50	.	.	PUNCT
iiclr-17591	1121	1	if	if	SCONJ
iiclr-17591	1121	2	ever	ever	ADV
iiclr-17591	1121	3	such	such	DET
iiclr-17591	1121	4	a	a	DET
iiclr-17591	1121	5	conclusion	conclusion	NOUN
iiclr-17591	1121	6	is	be	AUX
iiclr-17591	1121	7	reached	reach	VERB
iiclr-17591	1121	8	,	,	PUNCT
iiclr-17591	1121	9	more	more	ADJ
iiclr-17591	1121	10	evidence	evidence	NOUN
iiclr-17591	1121	11	will	will	AUX
iiclr-17591	1121	12	be	be	AUX
iiclr-17591	1121	13	needed	need	VERB
iiclr-17591	1121	14	.	.	PUNCT
iiclr-17591	1122	1	one	one	NUM
iiclr-17591	1122	2	thing	thing	NOUN
iiclr-17591	1122	3	,	,	PUNCT
iiclr-17591	1122	4	however	however	ADV
iiclr-17591	1122	5	,	,	PUNCT
iiclr-17591	1122	6	we	we	PRON
iiclr-17591	1122	7	can	can	AUX
iiclr-17591	1122	8	say	say	VERB
iiclr-17591	1122	9	:	:	PUNCT
iiclr-17591	1122	10	the	the	DET
iiclr-17591	1122	11	italian	italian	ADJ
iiclr-17591	1122	12	system	system	NOUN
iiclr-17591	1122	13	constitutes	constitute	VERB
iiclr-17591	1122	14	a	a	DET
iiclr-17591	1122	15	point	point	NOUN
iiclr-17591	1122	16	in	in	ADP
iiclr-17591	1122	17	favor	favor	NOUN
iiclr-17591	1122	18	of	of	ADP
iiclr-17591	1122	19	the	the	DET
iiclr-17591	1122	20	assumption	assumption	NOUN
iiclr-17591	1122	21	that	that	SCONJ
iiclr-17591	1122	22	performance	performance	NOUN
iiclr-17591	1122	23	and	and	CCONJ
iiclr-17591	1122	24	size	size	NOUN
iiclr-17591	1122	25	are	be	AUX
iiclr-17591	1122	26	not	not	PART
iiclr-17591	1122	27	necessarily	necessarily	ADV
iiclr-17591	1122	28	interrelated	interrelate	VERB
iiclr-17591	1122	29	.	.	PUNCT
iiclr-17591	1123	1	this	this	PRON
iiclr-17591	1123	2	does	do	AUX
iiclr-17591	1123	3	not	not	PART
iiclr-17591	1123	4	imply	imply	VERB
iiclr-17591	1123	5	that	that	SCONJ
iiclr-17591	1123	6	,	,	PUNCT
iiclr-17591	1123	7	with	with	ADP
iiclr-17591	1123	8	the	the	DET
iiclr-17591	1123	9	present	present	ADJ
iiclr-17591	1123	10	technology	technology	NOUN
iiclr-17591	1123	11	and	and	CCONJ
iiclr-17591	1123	12	with	with	ADP
iiclr-17591	1123	13	the	the	DET
iiclr-17591	1123	14	present	present	ADJ
iiclr-17591	1123	15	legal	legal	ADJ
iiclr-17591	1123	16	and	and	CCONJ
iiclr-17591	1123	17	social	social	ADJ
iiclr-17591	1123	18	system	system	NOUN
iiclr-17591	1123	19	,	,	PUNCT
iiclr-17591	1123	20	every	every	DET
iiclr-17591	1123	21	activity	activity	NOUN
iiclr-17591	1123	22	can	can	AUX
iiclr-17591	1123	23	be	be	AUX
iiclr-17591	1123	24	organized	organize	VERB
iiclr-17591	1123	25	efficiently	efficiently	ADV
iiclr-17591	1123	26	through	through	ADP
iiclr-17591	1123	27	small	small	ADJ
iiclr-17591	1123	28	firms	firm	NOUN
iiclr-17591	1123	29	.	.	PUNCT
iiclr-17591	1124	1	the	the	DET
iiclr-17591	1124	2	only	only	ADJ
iiclr-17591	1124	3	conclusion	conclusion	NOUN
iiclr-17591	1124	4	that	that	PRON
iiclr-17591	1124	5	can	can	AUX
iiclr-17591	1124	6	be	be	AUX
iiclr-17591	1124	7	inferred	infer	VERB
iiclr-17591	1124	8	from	from	ADP
iiclr-17591	1124	9	the	the	DET
iiclr-17591	1124	10	italian	italian	ADJ
iiclr-17591	1124	11	experience	experience	NOUN
iiclr-17591	1124	12	is	be	AUX
iiclr-17591	1124	13	that	that	SCONJ
iiclr-17591	1124	14	the	the	DET
iiclr-17591	1124	15	economic	economic	ADJ
iiclr-17591	1124	16	data	datum	NOUN
iiclr-17591	1124	17	do	do	AUX
iiclr-17591	1124	18	not	not	PART
iiclr-17591	1124	19	warrant	warrant	VERB
iiclr-17591	1124	20	the	the	DET
iiclr-17591	1124	21	absolute	absolute	ADJ
iiclr-17591	1124	22	desirability	desirability	NOUN
iiclr-17591	1124	23	of	of	ADP
iiclr-17591	1124	24	a	a	DET
iiclr-17591	1124	25	legal	legal	ADJ
iiclr-17591	1124	26	system	system	NOUN
iiclr-17591	1124	27	positively	positively	ADV
iiclr-17591	1124	28	encouraging	encourage	VERB
iiclr-17591	1124	29	intrafirm	intrafirm	ADJ
iiclr-17591	1124	30	growth	growth	NOUN
iiclr-17591	1124	31	.	.	PUNCT
iiclr-17591	1125	1	c.	c.	NOUN
iiclr-17591	1125	2	the	the	DET
iiclr-17591	1125	3	important	important	ADJ
iiclr-17591	1125	4	role	role	NOUN
iiclr-17591	1125	5	of	of	ADP
iiclr-17591	1125	6	the	the	DET
iiclr-17591	1125	7	public	public	ADJ
iiclr-17591	1125	8	enterprise	enterprise	NOUN
iiclr-17591	1125	9	system	system	NOUN
iiclr-17591	1125	10	.	.	PUNCT
iiclr-17591	1126	1	another	another	DET
iiclr-17591	1126	2	characteristic	characteristic	NOUN
iiclr-17591	1126	3	of	of	ADP
iiclr-17591	1126	4	the	the	DET
iiclr-17591	1126	5	italian	italian	ADJ
iiclr-17591	1126	6	economic	economic	ADJ
iiclr-17591	1126	7	system	system	NOUN
iiclr-17591	1126	8	is	be	AUX
iiclr-17591	1126	9	the	the	DET
iiclr-17591	1126	10	strong	strong	ADJ
iiclr-17591	1126	11	presence	presence	NOUN
iiclr-17591	1126	12	of	of	ADP
iiclr-17591	1126	13	public	public	ADJ
iiclr-17591	1126	14	enterprise	enterprise	NOUN
iiclr-17591	1126	15	.	.	PUNCT
iiclr-17591	1127	1	wholly	wholly	ADV
iiclr-17591	1127	2	or	or	CCONJ
iiclr-17591	1127	3	majority	majority	NOUN
iiclr-17591	1127	4	state	state	NOUN
iiclr-17591	1127	5	-	-	PUNCT
iiclr-17591	1127	6	owned	own	VERB
iiclr-17591	1127	7	companies	company	NOUN
iiclr-17591	1127	8	have	have	VERB
iiclr-17591	1127	9	a	a	DET
iiclr-17591	1127	10	legal	legal	ADJ
iiclr-17591	1127	11	123	123	NUM
iiclr-17591	1127	12	.	.	PUNCT
iiclr-17591	1128	1	i	i	PRON
iiclr-17591	1128	2	d.	d.	PROPN
iiclr-17591	1128	3	at	at	ADP
iiclr-17591	1128	4	21,24	21,24	PROPN
iiclr-17591	1128	5	-	-	SYM
iiclr-17591	1128	6	25	25	NUM
iiclr-17591	1128	7	.	.	PUNCT
iiclr-17591	1128	8	see	see	VERB
iiclr-17591	1128	9	tables	table	NOUN
iiclr-17591	1128	10	no	no	INTJ
iiclr-17591	1128	11	.	.	PUNCT
iiclr-17591	1129	1	51	51	NUM
iiclr-17591	1129	2	-	-	SYM
iiclr-17591	1129	3	65	65	NUM
iiclr-17591	1129	4	;	;	PUNCT
iiclr-17591	1130	1	danie	danie	PROPN
iiclr-17591	1130	2	.	.	PUNCT
iiclr-17591	1130	3	archibugi	archibugi	PROPN
iiclr-17591	1130	4	&	&	CCONJ
iiclr-17591	1130	5	marco	marco	PROPN
iiclr-17591	1130	6	ceccagnoli	ceccagnoli	PROPN
iiclr-17591	1130	7	,	,	PUNCT
iiclr-17591	1130	8	mediocredito	mediocredito	NOUN
iiclr-17591	1130	9	centrale	centrale	PROPN
iiclr-17591	1130	10	,	,	PUNCT
iiclr-17591	1130	11	innovazione	innovazione	NOUN
iiclr-17591	1130	12	e	e	PROPN
iiclr-17591	1130	13	internazionalizzazione	internazionalizzazione	PROPN
iiclr-17591	1130	14	nelle	nelle	PROPN
iiclr-17591	1130	15	imprese	imprese	PROPN
iiclr-17591	1130	16	manifatturiere	manifatturiere	PROPN
iiclr-17591	1130	17	italiane	italiane	PROPN
iiclr-17591	1130	18	7	7	NUM
iiclr-17591	1130	19	,	,	PUNCT
iiclr-17591	1130	20	9	9	NUM
iiclr-17591	1130	21	,	,	PUNCT
iiclr-17591	1130	22	19	19	NUM
iiclr-17591	1130	23	-	-	SYM
iiclr-17591	1130	24	29	29	NUM
iiclr-17591	1130	25	(	(	PUNCT
iiclr-17591	1130	26	1994	1994	NUM
iiclr-17591	1130	27	)	)	PUNCT
iiclr-17591	1130	28	.	.	PUNCT
iiclr-17591	1131	1	neverthless	neverthless	PROPN
iiclr-17591	1131	2	,	,	PUNCT
iiclr-17591	1131	3	surveys	survey	NOUN
iiclr-17591	1131	4	show	show	VERB
iiclr-17591	1131	5	that	that	SCONJ
iiclr-17591	1131	6	investments	investment	NOUN
iiclr-17591	1131	7	in	in	ADP
iiclr-17591	1131	8	r	r	PROPN
iiclr-17591	1131	9	&	&	CCONJ
iiclr-17591	1131	10	d	d	NOUN
iiclr-17591	1131	11	are	be	AUX
iiclr-17591	1131	12	not	not	PART
iiclr-17591	1131	13	enough	enough	ADJ
iiclr-17591	1131	14	,	,	PUNCT
iiclr-17591	1131	15	and	and	CCONJ
iiclr-17591	1131	16	that	that	SCONJ
iiclr-17591	1131	17	they	they	PRON
iiclr-17591	1131	18	are	be	AUX
iiclr-17591	1131	19	higher	high	ADJ
iiclr-17591	1131	20	in	in	ADP
iiclr-17591	1131	21	northern	northern	ADJ
iiclr-17591	1131	22	italy	italy	PROPN
iiclr-17591	1131	23	than	than	ADP
iiclr-17591	1131	24	in	in	ADP
iiclr-17591	1131	25	the	the	DET
iiclr-17591	1131	26	rest	rest	NOUN
iiclr-17591	1131	27	of	of	ADP
iiclr-17591	1131	28	the	the	DET
iiclr-17591	1131	29	country	country	NOUN
iiclr-17591	1131	30	.	.	PUNCT
iiclr-17591	1132	1	elio	elio	PROPN
iiclr-17591	1132	2	pagnotta	pagnotta	PROPN
iiclr-17591	1132	3	,	,	PUNCT
iiclr-17591	1132	4	poca	poca	PROPN
iiclr-17591	1132	5	innovazione	innovazione	NOUN
iiclr-17591	1132	6	in	in	ADP
iiclr-17591	1132	7	azienda	azienda	PROPN
iiclr-17591	1132	8	,	,	PUNCT
iiclr-17591	1132	9	il	il	PROPN
iiclr-17591	1132	10	sole	sole	ADJ
iiclr-17591	1132	11	24	24	NUM
iiclr-17591	1132	12	ore	ore	NOUN
iiclr-17591	1132	13	,	,	PUNCT
iiclr-17591	1132	14	aug	aug	PROPN
iiclr-17591	1132	15	.	.	PROPN
iiclr-17591	1132	16	9	9	NUM
iiclr-17591	1132	17	,	,	PUNCT
iiclr-17591	1132	18	1995	1995	NUM
iiclr-17591	1132	19	,	,	PUNCT
iiclr-17591	1132	20	at	at	ADP
iiclr-17591	1132	21	13	13	NUM
iiclr-17591	1132	22	.	.	PUNCT
iiclr-17591	1132	23	124	124	NUM
iiclr-17591	1132	24	.	.	NOUN
iiclr-17591	1132	25	1	1	NUM
iiclr-17591	1132	26	could	could	AUX
iiclr-17591	1132	27	cite	cite	VERB
iiclr-17591	1132	28	a	a	DET
iiclr-17591	1132	29	natural	natural	ADJ
iiclr-17591	1132	30	individualistic	individualistic	ADJ
iiclr-17591	1132	31	tendency	tendency	NOUN
iiclr-17591	1132	32	of	of	ADP
iiclr-17591	1132	33	italians	italians	PROPN
iiclr-17591	1132	34	,	,	PUNCT
iiclr-17591	1132	35	but	but	CCONJ
iiclr-17591	1132	36	some	some	DET
iiclr-17591	1132	37	evidence	evidence	NOUN
iiclr-17591	1132	38	is	be	AUX
iiclr-17591	1132	39	needed	need	VERB
iiclr-17591	1132	40	to	to	PART
iiclr-17591	1132	41	introduce	introduce	VERB
iiclr-17591	1132	42	elements	element	NOUN
iiclr-17591	1132	43	such	such	ADJ
iiclr-17591	1132	44	as	as	ADP
iiclr-17591	1132	45	human	human	ADJ
iiclr-17591	1132	46	behavior	behavior	NOUN
iiclr-17591	1132	47	into	into	ADP
iiclr-17591	1132	48	an	an	DET
iiclr-17591	1132	49	economic	economic	ADJ
iiclr-17591	1132	50	analysis	analysis	NOUN
iiclr-17591	1132	51	.	.	PUNCT
iiclr-17591	1133	1	progress	progress	NOUN
iiclr-17591	1133	2	in	in	ADP
iiclr-17591	1133	3	this	this	DET
iiclr-17591	1133	4	direction	direction	NOUN
iiclr-17591	1133	5	has	have	AUX
iiclr-17591	1133	6	been	be	AUX
iiclr-17591	1133	7	made	make	VERB
iiclr-17591	1133	8	(	(	PUNCT
iiclr-17591	1133	9	arthur	arthur	PROPN
iiclr-17591	1133	10	t.	t.	PROPN
iiclr-17591	1133	11	denzau	denzau	PROPN
iiclr-17591	1133	12	&	&	CCONJ
iiclr-17591	1133	13	douglass	douglass	PROPN
iiclr-17591	1133	14	c.	c.	PROPN
iiclr-17591	1133	15	north	north	PROPN
iiclr-17591	1133	16	,	,	PUNCT
iiclr-17591	1133	17	shared	share	VERB
iiclr-17591	1133	18	mental	mental	ADJ
iiclr-17591	1133	19	models	model	NOUN
iiclr-17591	1133	20	:	:	PUNCT
iiclr-17591	1133	21	ideologies	ideology	NOUN
iiclr-17591	1133	22	and	and	CCONJ
iiclr-17591	1133	23	jnstitutions	jnstitution	NOUN
iiclr-17591	1133	24	,	,	PUNCT
iiclr-17591	1133	25	47	47	NUM
iiclr-17591	1133	26	kyklos	kyklo	NOUN
iiclr-17591	1133	27	3	3	NUM
iiclr-17591	1133	28	(	(	PUNCT
iiclr-17591	1133	29	1994	1994	NUM
iiclr-17591	1133	30	)	)	PUNCT
iiclr-17591	1133	31	(	(	PUNCT
iiclr-17591	1133	32	emphasizing	emphasize	VERB
iiclr-17591	1133	33	the	the	DET
iiclr-17591	1133	34	importance	importance	NOUN
iiclr-17591	1133	35	of	of	ADP
iiclr-17591	1133	36	cultural	cultural	ADJ
iiclr-17591	1133	37	heritage	heritage	NOUN
iiclr-17591	1133	38	as	as	ADP
iiclr-17591	1133	39	a	a	DET
iiclr-17591	1133	40	factor	factor	NOUN
iiclr-17591	1133	41	influencing	influence	VERB
iiclr-17591	1133	42	economic	economic	ADJ
iiclr-17591	1133	43	choices	choice	NOUN
iiclr-17591	1133	44	)	)	PUNCT
iiclr-17591	1133	45	)	)	PUNCT
iiclr-17591	1133	46	;	;	PUNCT
iiclr-17591	1133	47	a	a	DET
iiclr-17591	1133	48	complete	complete	ADJ
iiclr-17591	1133	49	theory	theory	NOUN
iiclr-17591	1133	50	,	,	PUNCT
iiclr-17591	1133	51	however	however	ADV
iiclr-17591	1133	52	,	,	PUNCT
iiclr-17591	1133	53	seems	seem	VERB
iiclr-17591	1133	54	well	well	ADV
iiclr-17591	1133	55	in	in	ADP
iiclr-17591	1133	56	the	the	DET
iiclr-17591	1133	57	future	future	NOUN
iiclr-17591	1133	58	.	.	PUNCT
iiclr-17591	1134	1	125	125	NUM
iiclr-17591	1134	2	.	.	PUNCT
iiclr-17591	1135	1	minisrerodell'indus'ria	minisrerodell'indus'ria	PROPN
iiclr-17591	1135	2	&	&	CCONJ
iiclr-17591	1135	3	mediocredrro	mediocredrro	PROPN
iiclr-17591	1135	4	centrale	centrale	PROPN
iiclr-17591	1135	5	,	,	PUNCT
iiclr-17591	1135	6	supra	supra	PROPN
iiclr-17591	1135	7	note	note	NOUN
iiclr-17591	1135	8	113	113	NUM
iiclr-17591	1135	9	,	,	PUNCT
iiclr-17591	1135	10	at	at	ADP
iiclr-17591	1135	11	36	36	NUM
iiclr-17591	1135	12	and	and	CCONJ
iiclr-17591	1135	13	table	table	NOUN
iiclr-17591	1135	14	no	no	INTJ
iiclr-17591	1135	15	.	.	PROPN
iiclr-17591	1135	16	81	81	NUM
iiclr-17591	1135	17	(	(	PUNCT
iiclr-17591	1135	18	showing	show	VERB
iiclr-17591	1135	19	that	that	SCONJ
iiclr-17591	1135	20	the	the	DET
iiclr-17591	1135	21	highest	high	ADJ
iiclr-17591	1135	22	percentage	percentage	NOUN
iiclr-17591	1135	23	of	of	ADP
iiclr-17591	1135	24	firms	firm	NOUN
iiclr-17591	1135	25	exporting	export	VERB
iiclr-17591	1135	26	to	to	ADP
iiclr-17591	1135	27	eastern	eastern	PROPN
iiclr-17591	1135	28	europe	europe	PROPN
iiclr-17591	1135	29	in	in	ADP
iiclr-17591	1135	30	198991	198991	NUM
iiclr-17591	1135	31	were	be	AUX
iiclr-17591	1135	32	found	find	VERB
iiclr-17591	1135	33	among	among	ADP
iiclr-17591	1135	34	firms	firm	NOUN
iiclr-17591	1135	35	with	with	ADP
iiclr-17591	1135	36	less	less	ADJ
iiclr-17591	1135	37	than	than	ADP
iiclr-17591	1135	38	21	21	NUM
iiclr-17591	1135	39	employees	employee	NOUN
iiclr-17591	1135	40	,	,	PUNCT
iiclr-17591	1135	41	which	which	PRON
iiclr-17591	1135	42	reveals	reveal	VERB
iiclr-17591	1135	43	a	a	DET
iiclr-17591	1135	44	superior	superior	ADJ
iiclr-17591	1135	45	ability	ability	NOUN
iiclr-17591	1135	46	of	of	ADP
iiclr-17591	1135	47	small	small	ADJ
iiclr-17591	1135	48	firms	firm	NOUN
iiclr-17591	1135	49	in	in	ADP
iiclr-17591	1135	50	exploiting	exploit	VERB
iiclr-17591	1135	51	newly	newly	ADV
iiclr-17591	1135	52	opened	open	VERB
iiclr-17591	1135	53	markets	market	NOUN
iiclr-17591	1135	54	)	)	PUNCT
iiclr-17591	1135	55	.	.	PUNCT
iiclr-17591	1136	1	126	126	NUM
iiclr-17591	1136	2	.	.	PUNCT
iiclr-17591	1137	1	there	there	PRON
iiclr-17591	1137	2	are	be	VERB
iiclr-17591	1137	3	situations	situation	NOUN
iiclr-17591	1137	4	in	in	ADP
iiclr-17591	1137	5	which	which	DET
iiclr-17591	1137	6	performances	performance	NOUN
iiclr-17591	1137	7	of	of	ADP
iiclr-17591	1137	8	small	small	ADJ
iiclr-17591	1137	9	-	-	PUNCT
iiclr-17591	1137	10	medium	medium	NOUN
iiclr-17591	1137	11	firms	firm	NOUN
iiclr-17591	1137	12	and	and	CCONJ
iiclr-17591	1137	13	of	of	ADP
iiclr-17591	1137	14	large	large	ADJ
iiclr-17591	1137	15	firms	firm	NOUN
iiclr-17591	1137	16	differ	differ	VERB
iiclr-17591	1137	17	,	,	PUNCT
iiclr-17591	1137	18	but	but	CCONJ
iiclr-17591	1137	19	such	such	ADJ
iiclr-17591	1137	20	discrepancies	discrepancy	NOUN
iiclr-17591	1137	21	seem	seem	VERB
iiclr-17591	1137	22	due	due	ADJ
iiclr-17591	1137	23	to	to	ADP
iiclr-17591	1137	24	economic	economic	ADJ
iiclr-17591	1137	25	trends	trend	NOUN
iiclr-17591	1137	26	rather	rather	ADV
iiclr-17591	1137	27	than	than	ADP
iiclr-17591	1137	28	to	to	ADP
iiclr-17591	1137	29	permanent	permanent	ADJ
iiclr-17591	1137	30	factors	factor	NOUN
iiclr-17591	1137	31	.	.	PUNCT
iiclr-17591	1138	1	for	for	ADP
iiclr-17591	1138	2	instance	instance	NOUN
iiclr-17591	1138	3	,	,	PUNCT
iiclr-17591	1138	4	the	the	DET
iiclr-17591	1138	5	economic	economic	ADJ
iiclr-17591	1138	6	recession	recession	NOUN
iiclr-17591	1138	7	of	of	ADP
iiclr-17591	1138	8	1992	1992	NUM
iiclr-17591	1138	9	hurt	hurt	VERB
iiclr-17591	1138	10	small	small	ADJ
iiclr-17591	1138	11	firms	firm	NOUN
iiclr-17591	1138	12	more	more	ADJ
iiclr-17591	1138	13	,	,	PUNCT
iiclr-17591	1138	14	but	but	CCONJ
iiclr-17591	1138	15	they	they	PRON
iiclr-17591	1138	16	were	be	AUX
iiclr-17591	1138	17	the	the	DET
iiclr-17591	1138	18	first	first	ADJ
iiclr-17591	1138	19	to	to	PART
iiclr-17591	1138	20	react	react	VERB
iiclr-17591	1138	21	in	in	ADP
iiclr-17591	1138	22	1993	1993	NUM
iiclr-17591	1138	23	-	-	SYM
iiclr-17591	1138	24	94	94	NUM
iiclr-17591	1138	25	(	(	PUNCT
iiclr-17591	1138	26	compare	compare	VERB
iiclr-17591	1138	27	paolo	paolo	NOUN
iiclr-17591	1138	28	ones	one	NOUN
iiclr-17591	1138	29	&	&	CCONJ
iiclr-17591	1138	30	franco	franco	PROPN
iiclr-17591	1138	31	varetto	varetto	PROPN
iiclr-17591	1138	32	,	,	PUNCT
iiclr-17591	1138	33	piccole	piccole	PROPN
iiclr-17591	1138	34	aziende	aziende	PROPN
iiclr-17591	1138	35	colfiato	colfiato	PROPN
iiclr-17591	1138	36	grosso	grosso	PROPN
iiclr-17591	1138	37	,	,	PUNCT
iiclr-17591	1138	38	il	il	PROPN
iiclr-17591	1138	39	sole	sole	ADJ
iiclr-17591	1138	40	24	24	NUM
iiclr-17591	1138	41	ore	ore	NOUN
iiclr-17591	1138	42	,	,	PUNCT
iiclr-17591	1138	43	sept	sept	PROPN
iiclr-17591	1138	44	.	.	PROPN
iiclr-17591	1138	45	24	24	NUM
iiclr-17591	1138	46	,	,	PUNCT
iiclr-17591	1138	47	1993	1993	NUM
iiclr-17591	1138	48	,	,	PUNCT
iiclr-17591	1138	49	at	at	ADP
iiclr-17591	1138	50	31	31	NUM
iiclr-17591	1138	51	(	(	PUNCT
iiclr-17591	1138	52	computerized	computerize	VERB
iiclr-17591	1138	53	analysis	analysis	NOUN
iiclr-17591	1138	54	of	of	ADP
iiclr-17591	1138	55	financial	financial	ADJ
iiclr-17591	1138	56	statements	statement	NOUN
iiclr-17591	1138	57	of	of	ADP
iiclr-17591	1138	58	9,100	9,100	NUM
iiclr-17591	1138	59	italian	italian	ADJ
iiclr-17591	1138	60	firms	firm	NOUN
iiclr-17591	1138	61	)	)	PUNCT
iiclr-17591	1138	62	;	;	PUNCT
iiclr-17591	1138	63	with	with	ADP
iiclr-17591	1138	64	servizio	servizio	PROPN
iiclr-17591	1138	65	studi	studi	PROPN
iiclr-17591	1138	66	,	,	PUNCT
iiclr-17591	1138	67	mediocredito	mediocredito	PROPN
iiclr-17591	1138	68	centrale	centrale	X
iiclr-17591	1138	69	,	,	PUNCT
iiclr-17591	1138	70	indagine	indagine	ADJ
iiclr-17591	1138	71	congiunturale	congiunturale	NOUN
iiclr-17591	1138	72	sulle	sulle	PROPN
iiclr-17591	1138	73	piccole	piccole	PROPN
iiclr-17591	1138	74	e	e	PROPN
iiclr-17591	1138	75	medie	medie	PROPN
iiclr-17591	1138	76	imprese	imprese	PROPN
iiclr-17591	1138	77	.	.	PUNCT
iiclr-17591	1139	1	prima	prima	NOUN
iiclr-17591	1139	2	rilevazione	rilevazione	NOUN
iiclr-17591	1139	3	setrembre	setrembre	NOUN
iiclr-17591	1139	4	1994	1994	NUM
iiclr-17591	1139	5	7	7	NUM
iiclr-17591	1139	6	,	,	PUNCT
iiclr-17591	1139	7	8	8	NUM
iiclr-17591	1139	8	,	,	PUNCT
iiclr-17591	1139	9	25	25	NUM
iiclr-17591	1139	10	,	,	PUNCT
iiclr-17591	1139	11	and	and	CCONJ
iiclr-17591	1139	12	servizio	servizio	PROPN
iiclr-17591	1139	13	studi	studi	PROPN
iiclr-17591	1139	14	,	,	PUNCT
iiclr-17591	1139	15	mediocredrro	mediocredrro	PROPN
iiclr-17591	1139	16	centrale	centrale	NOUN
iiclr-17591	1139	17	,	,	PUNCT
iiclr-17591	1139	18	supra	supra	PROPN
iiclr-17591	1139	19	note	note	NOUN
iiclr-17591	1139	20	115	115	NUM
iiclr-17591	1139	21	,	,	PUNCT
iiclr-17591	1139	22	at	at	ADP
iiclr-17591	1139	23	iii	iii	NOUN
iiclr-17591	1139	24	-	-	PUNCT
iiclr-17591	1139	25	iv	iv	NOUN
iiclr-17591	1139	26	)	)	PUNCT
iiclr-17591	1139	27	.	.	PUNCT
iiclr-17591	1140	1	1995	1995	NUM
iiclr-17591	1140	2	]	]	X
iiclr-17591	1140	3	ind	ind	NOUN
iiclr-17591	1140	4	.	.	PUNCT
iiclr-17591	1141	1	int'l	int'l	PROPN
iiclr-17591	1141	2	&	&	CCONJ
iiclr-17591	1141	3	comp	comp	PROPN
iiclr-17591	1141	4	.	.	PUNCT
iiclr-17591	1142	1	l	l	PROPN
iiclr-17591	1142	2	rev	rev	PROPN
iiclr-17591	1142	3	.	.	PROPN
iiclr-17591	1142	4	monopoly	monopoly	NOUN
iiclr-17591	1142	5	over	over	ADP
iiclr-17591	1142	6	production	production	NOUN
iiclr-17591	1142	7	and	and	CCONJ
iiclr-17591	1142	8	distribution	distribution	NOUN
iiclr-17591	1142	9	of	of	ADP
iiclr-17591	1142	10	electric	electric	ADJ
iiclr-17591	1142	11	power	power	NOUN
iiclr-17591	1142	12	supply	supply	NOUN
iiclr-17591	1142	13	'	'	PART
iiclr-17591	1142	14	2	2	NUM
iiclr-17591	1142	15	'	'	PUNCT
iiclr-17591	1142	16	and	and	CCONJ
iiclr-17591	1142	17	over	over	ADP
iiclr-17591	1142	18	cable	cable	NOUN
iiclr-17591	1142	19	telecommunications	telecommunication	NOUN
iiclr-17591	1142	20	.	.	PUNCT
iiclr-17591	1143	1	the	the	DET
iiclr-17591	1143	2	state	state	NOUN
iiclr-17591	1143	3	directly	directly	ADV
iiclr-17591	1143	4	or	or	CCONJ
iiclr-17591	1143	5	indirectly	indirectly	ADV
iiclr-17591	1143	6	owns	own	VERB
iiclr-17591	1143	7	and	and	CCONJ
iiclr-17591	1143	8	operates	operate	VERB
iiclr-17591	1143	9	an	an	DET
iiclr-17591	1143	10	overwhelmingly	overwhelmingly	ADV
iiclr-17591	1143	11	large	large	ADJ
iiclr-17591	1143	12	portion	portion	NOUN
iiclr-17591	1143	13	of	of	ADP
iiclr-17591	1143	14	the	the	DET
iiclr-17591	1143	15	railway	railway	NOUN
iiclr-17591	1143	16	system	system	NOUN
iiclr-17591	1143	17	and	and	CCONJ
iiclr-17591	1143	18	a	a	DET
iiclr-17591	1143	19	large	large	ADJ
iiclr-17591	1143	20	part	part	NOUN
iiclr-17591	1143	21	of	of	ADP
iiclr-17591	1143	22	other	other	ADJ
iiclr-17591	1143	23	transportation	transportation	NOUN
iiclr-17591	1143	24	facilities	facility	NOUN
iiclr-17591	1143	25	,	,	PUNCT
iiclr-17591	1143	26	and	and	CCONJ
iiclr-17591	1143	27	owns	own	VERB
iiclr-17591	1143	28	large	large	ADJ
iiclr-17591	1143	29	chunks	chunk	NOUN
iiclr-17591	1143	30	of	of	ADP
iiclr-17591	1143	31	the	the	DET
iiclr-17591	1143	32	steel	steel	NOUN
iiclr-17591	1143	33	and	and	CCONJ
iiclr-17591	1143	34	chemical	chemical	NOUN
iiclr-17591	1143	35	industries	industry	NOUN
iiclr-17591	1143	36	and	and	CCONJ
iiclr-17591	1143	37	the	the	DET
iiclr-17591	1143	38	financial	financial	ADJ
iiclr-17591	1143	39	sector	sector	NOUN
iiclr-17591	1143	40	.	.	PUNCT
iiclr-17591	1144	1	2	2	NUM
iiclr-17591	1144	2	"	"	PUNCT
iiclr-17591	1144	3	the	the	DET
iiclr-17591	1144	4	role	role	NOUN
iiclr-17591	1144	5	of	of	ADP
iiclr-17591	1144	6	the	the	DET
iiclr-17591	1144	7	state	state	NOUN
iiclr-17591	1144	8	in	in	ADP
iiclr-17591	1144	9	the	the	DET
iiclr-17591	1144	10	industrial	industrial	ADJ
iiclr-17591	1144	11	system	system	NOUN
iiclr-17591	1144	12	is	be	AUX
iiclr-17591	1144	13	,	,	PUNCT
iiclr-17591	1144	14	at	at	ADP
iiclr-17591	1144	15	least	least	ADJ
iiclr-17591	1144	16	in	in	ADP
iiclr-17591	1144	17	part	part	NOUN
iiclr-17591	1144	18	,	,	PUNCT
iiclr-17591	1144	19	the	the	DET
iiclr-17591	1144	20	product	product	NOUN
iiclr-17591	1144	21	of	of	ADP
iiclr-17591	1144	22	forced	force	VERB
iiclr-17591	1144	23	choices	choice	NOUN
iiclr-17591	1144	24	.	.	PUNCT
iiclr-17591	1145	1	in	in	ADP
iiclr-17591	1145	2	the	the	DET
iiclr-17591	1145	3	world	world	NOUN
iiclr-17591	1145	4	economic	economic	ADJ
iiclr-17591	1145	5	crisis	crisis	NOUN
iiclr-17591	1145	6	following	follow	VERB
iiclr-17591	1145	7	the	the	DET
iiclr-17591	1145	8	end	end	NOUN
iiclr-17591	1145	9	of	of	ADP
iiclr-17591	1145	10	world	world	NOUN
iiclr-17591	1145	11	war	war	NOUN
iiclr-17591	1145	12	1	1	NUM
iiclr-17591	1145	13	,	,	PUNCT
iiclr-17591	1145	14	the	the	DET
iiclr-17591	1145	15	state	state	NOUN
iiclr-17591	1145	16	intervened	intervene	VERB
iiclr-17591	1145	17	in	in	ADP
iiclr-17591	1145	18	the	the	DET
iiclr-17591	1145	19	collapse	collapse	NOUN
iiclr-17591	1145	20	of	of	ADP
iiclr-17591	1145	21	the	the	DET
iiclr-17591	1145	22	banking	banking	NOUN
iiclr-17591	1145	23	system	system	NOUN
iiclr-17591	1145	24	,	,	PUNCT
iiclr-17591	1145	25	crippled	cripple	VERB
iiclr-17591	1145	26	by	by	ADP
iiclr-17591	1145	27	participation	participation	NOUN
iiclr-17591	1145	28	in	in	ADP
iiclr-17591	1145	29	industries	industry	NOUN
iiclr-17591	1145	30	which	which	PRON
iiclr-17591	1145	31	had	have	AUX
iiclr-17591	1145	32	become	become	VERB
iiclr-17591	1145	33	worthless	worthless	ADJ
iiclr-17591	1145	34	.	.	PUNCT
iiclr-17591	1146	1	such	such	ADJ
iiclr-17591	1146	2	intervention	intervention	NOUN
iiclr-17591	1146	3	carried	carry	VERB
iiclr-17591	1146	4	two	two	NUM
iiclr-17591	1146	5	by	by	ADP
iiclr-17591	1146	6	-	-	PUNCT
iiclr-17591	1146	7	products	product	NOUN
iiclr-17591	1146	8	whose	whose	DET
iiclr-17591	1146	9	consequences	consequence	NOUN
iiclr-17591	1146	10	still	still	ADV
iiclr-17591	1146	11	endure	endure	VERB
iiclr-17591	1146	12	:	:	PUNCT
iiclr-17591	1146	13	(	(	PUNCT
iiclr-17591	1146	14	a	a	X
iiclr-17591	1146	15	)	)	PUNCT
iiclr-17591	1146	16	the	the	DET
iiclr-17591	1146	17	state	state	NOUN
iiclr-17591	1146	18	was	be	AUX
iiclr-17591	1146	19	left	leave	VERB
iiclr-17591	1146	20	with	with	ADP
iiclr-17591	1146	21	vast	vast	ADJ
iiclr-17591	1146	22	holdings	holding	NOUN
iiclr-17591	1146	23	in	in	ADP
iiclr-17591	1146	24	the	the	DET
iiclr-17591	1146	25	largest	large	ADJ
iiclr-17591	1146	26	banks	bank	NOUN
iiclr-17591	1146	27	and	and	CCONJ
iiclr-17591	1146	28	industrial	industrial	ADJ
iiclr-17591	1146	29	complexes	complex	NOUN
iiclr-17591	1146	30	of	of	ADP
iiclr-17591	1146	31	the	the	DET
iiclr-17591	1146	32	country	country	NOUN
iiclr-17591	1146	33	,	,	PUNCT
iiclr-17591	1146	34	and	and	CCONJ
iiclr-17591	1146	35	(	(	PUNCT
iiclr-17591	1146	36	b	b	NOUN
iiclr-17591	1146	37	)	)	PUNCT
iiclr-17591	1146	38	"	"	PUNCT
iiclr-17591	1146	39	firewalls	firewall	NOUN
iiclr-17591	1146	40	"	"	PUNCT
iiclr-17591	1146	41	were	be	AUX
iiclr-17591	1146	42	erected	erect	VERB
iiclr-17591	1146	43	between	between	ADP
iiclr-17591	1146	44	the	the	DET
iiclr-17591	1146	45	banking	banking	NOUN
iiclr-17591	1146	46	and	and	CCONJ
iiclr-17591	1146	47	the	the	DET
iiclr-17591	1146	48	industrial	industrial	ADJ
iiclr-17591	1146	49	system	system	NOUN
iiclr-17591	1146	50	to	to	PART
iiclr-17591	1146	51	prevent	prevent	VERB
iiclr-17591	1146	52	the	the	DET
iiclr-17591	1146	53	crisis	crisis	NOUN
iiclr-17591	1146	54	from	from	ADP
iiclr-17591	1146	55	happening	happen	VERB
iiclr-17591	1146	56	again.i29	again.i29	ADV
iiclr-17591	1146	57	that	that	DET
iiclr-17591	1146	58	system	system	NOUN
iiclr-17591	1146	59	survived	survive	VERB
iiclr-17591	1146	60	the	the	DET
iiclr-17591	1146	61	fall	fall	NOUN
iiclr-17591	1146	62	of	of	ADP
iiclr-17591	1146	63	the	the	DET
iiclr-17591	1146	64	fascist	fascist	ADJ
iiclr-17591	1146	65	regime	regime	NOUN
iiclr-17591	1146	66	in	in	ADP
iiclr-17591	1146	67	1943	1943	NUM
iiclr-17591	1146	68	,	,	PUNCT
iiclr-17591	1146	69	the	the	DET
iiclr-17591	1146	70	establishment	establishment	NOUN
iiclr-17591	1146	71	of	of	ADP
iiclr-17591	1146	72	the	the	DET
iiclr-17591	1146	73	republican	republican	PROPN
iiclr-17591	1146	74	democratic	democratic	ADJ
iiclr-17591	1146	75	system	system	NOUN
iiclr-17591	1146	76	in	in	ADP
iiclr-17591	1146	77	1946	1946	NUM
iiclr-17591	1146	78	,	,	PUNCT
iiclr-17591	1146	79	and	and	CCONJ
iiclr-17591	1146	80	the	the	DET
iiclr-17591	1146	81	first	first	ADJ
iiclr-17591	1146	82	postwar	postwar	ADJ
iiclr-17591	1146	83	political	political	ADJ
iiclr-17591	1146	84	elections	election	NOUN
iiclr-17591	1146	85	in	in	ADP
iiclr-17591	1146	86	april	april	PROPN
iiclr-17591	1146	87	1948	1948	NUM
iiclr-17591	1146	88	.	.	PUNCT
iiclr-17591	1147	1	in	in	ADP
iiclr-17591	1147	2	the	the	DET
iiclr-17591	1147	3	following	following	ADJ
iiclr-17591	1147	4	years	year	NOUN
iiclr-17591	1147	5	,	,	PUNCT
iiclr-17591	1147	6	the	the	DET
iiclr-17591	1147	7	public	public	ADJ
iiclr-17591	1147	8	enterprise	enterprise	NOUN
iiclr-17591	1147	9	system	system	NOUN
iiclr-17591	1147	10	was	be	AUX
iiclr-17591	1147	11	used	use	VERB
iiclr-17591	1147	12	as	as	ADP
iiclr-17591	1147	13	a	a	DET
iiclr-17591	1147	14	tool	tool	NOUN
iiclr-17591	1147	15	of	of	ADP
iiclr-17591	1147	16	intervention	intervention	NOUN
iiclr-17591	1147	17	,	,	PUNCT
iiclr-17591	1147	18	notably	notably	ADV
iiclr-17591	1147	19	,	,	PUNCT
iiclr-17591	1147	20	but	but	CCONJ
iiclr-17591	1147	21	not	not	PART
iiclr-17591	1147	22	only	only	ADV
iiclr-17591	1147	23	,	,	PUNCT
iiclr-17591	1147	24	in	in	ADP
iiclr-17591	1147	25	some	some	DET
iiclr-17591	1147	26	depressed	depressed	ADJ
iiclr-17591	1147	27	areas	area	NOUN
iiclr-17591	1147	28	of	of	ADP
iiclr-17591	1147	29	southern	southern	PROPN
iiclr-17591	1147	30	italy	italy	PROPN
iiclr-17591	1147	31	,	,	PUNCT
iiclr-17591	1147	32	and	and	CCONJ
iiclr-17591	1147	33	as	as	ADP
iiclr-17591	1147	34	a	a	DET
iiclr-17591	1147	35	means	means	NOUN
iiclr-17591	1147	36	of	of	ADP
iiclr-17591	1147	37	assuaging	assuage	VERB
iiclr-17591	1147	38	social	social	ADJ
iiclr-17591	1147	39	conflicts	conflict	NOUN
iiclr-17591	1147	40	.	.	PUNCT
iiclr-17591	1148	1	30	30	NUM
iiclr-17591	1148	2	thus	thus	ADV
iiclr-17591	1148	3	,	,	PUNCT
iiclr-17591	1148	4	the	the	DET
iiclr-17591	1148	5	public	public	ADJ
iiclr-17591	1148	6	enterprise	enterprise	NOUN
iiclr-17591	1148	7	system	system	NOUN
iiclr-17591	1148	8	assumed	assume	VERB
iiclr-17591	1148	9	roles	role	NOUN
iiclr-17591	1148	10	clearly	clearly	ADV
iiclr-17591	1148	11	beyond	beyond	ADP
iiclr-17591	1148	12	the	the	DET
iiclr-17591	1148	13	simple	simple	ADJ
iiclr-17591	1148	14	production	production	NOUN
iiclr-17591	1148	15	of	of	ADP
iiclr-17591	1148	16	goods	good	NOUN
iiclr-17591	1148	17	and	and	CCONJ
iiclr-17591	1148	18	services	service	NOUN
iiclr-17591	1148	19	in	in	ADP
iiclr-17591	1148	20	a	a	DET
iiclr-17591	1148	21	free	free	ADJ
iiclr-17591	1148	22	market	market	NOUN
iiclr-17591	1148	23	.	.	PUNCT
iiclr-17591	1148	24	'	'	PUNCT
iiclr-17591	1149	1	the	the	DET
iiclr-17591	1149	2	italian	italian	ADJ
iiclr-17591	1149	3	economic	economic	ADJ
iiclr-17591	1149	4	boom	boom	NOUN
iiclr-17591	1149	5	during	during	ADP
iiclr-17591	1149	6	the	the	DET
iiclr-17591	1149	7	'	'	NOUN
iiclr-17591	1149	8	50s	50	NOUN
iiclr-17591	1149	9	and	and	CCONJ
iiclr-17591	1149	10	'	'	NOUN
iiclr-17591	1149	11	60s	60	NOUN
iiclr-17591	1149	12	sustained	sustain	VERB
iiclr-17591	1149	13	both	both	DET
iiclr-17591	1149	14	the	the	DET
iiclr-17591	1149	15	profitability	profitability	NOUN
iiclr-17591	1149	16	of	of	ADP
iiclr-17591	1149	17	a	a	DET
iiclr-17591	1149	18	part	part	NOUN
iiclr-17591	1149	19	of	of	ADP
iiclr-17591	1149	20	the	the	DET
iiclr-17591	1149	21	system	system	NOUN
iiclr-17591	1149	22	and	and	CCONJ
iiclr-17591	1149	23	the	the	DET
iiclr-17591	1149	24	ability	ability	NOUN
iiclr-17591	1149	25	of	of	ADP
iiclr-17591	1149	26	the	the	DET
iiclr-17591	1149	27	state	state	NOUN
iiclr-17591	1149	28	to	to	PART
iiclr-17591	1149	29	cover	cover	VERB
iiclr-17591	1149	30	,	,	PUNCT
iiclr-17591	1149	31	by	by	ADP
iiclr-17591	1149	32	various	various	ADJ
iiclr-17591	1149	33	means	mean	NOUN
iiclr-17591	1149	34	,	,	PUNCT
iiclr-17591	1149	35	the	the	DET
iiclr-17591	1149	36	losses	loss	NOUN
iiclr-17591	1149	37	of	of	ADP
iiclr-17591	1149	38	the	the	DET
iiclr-17591	1149	39	other	other	ADJ
iiclr-17591	1149	40	part	part	NOUN
iiclr-17591	1149	41	.	.	PUNCT
iiclr-17591	1150	1	both	both	PRON
iiclr-17591	1150	2	a	a	DET
iiclr-17591	1150	3	changing	change	VERB
iiclr-17591	1150	4	and	and	CCONJ
iiclr-17591	1150	5	less	less	ADV
iiclr-17591	1150	6	favorable	favorable	ADJ
iiclr-17591	1150	7	economic	economic	ADJ
iiclr-17591	1150	8	environment	environment	NOUN
iiclr-17591	1150	9	and	and	CCONJ
iiclr-17591	1150	10	the	the	DET
iiclr-17591	1150	11	enactment	enactment	NOUN
iiclr-17591	1150	12	and	and	CCONJ
iiclr-17591	1150	13	increasingly	increasingly	ADV
iiclr-17591	1150	14	effective	effective	ADJ
iiclr-17591	1150	15	enforcement	enforcement	NOUN
iiclr-17591	1150	16	of	of	ADP
iiclr-17591	1150	17	art	art	NOUN
iiclr-17591	1150	18	.	.	PUNCT
iiclr-17591	1151	1	92	92	NUM
iiclr-17591	1151	2	of	of	ADP
iiclr-17591	1151	3	the	the	DET
iiclr-17591	1151	4	treaty	treaty	NOUN
iiclr-17591	1151	5	of	of	ADP
iiclr-17591	1151	6	rome	rome	PROPN
iiclr-17591	1151	7	3	3	NUM
iiclr-17591	1151	8	'	'	PUNCT
iiclr-17591	1151	9	by	by	ADP
iiclr-17591	1151	10	the	the	DET
iiclr-17591	1151	11	european	european	PROPN
iiclr-17591	1151	12	community	community	PROPN
iiclr-17591	1151	13	authorities	authority	NOUN
iiclr-17591	1151	14	produced	produce	VERB
iiclr-17591	1151	15	a	a	DET
iiclr-17591	1151	16	crisis	crisis	NOUN
iiclr-17591	1151	17	in	in	ADP
iiclr-17591	1151	18	the	the	DET
iiclr-17591	1151	19	public	public	ADJ
iiclr-17591	1151	20	enterprise	enterprise	NOUN
iiclr-17591	1151	21	system	system	NOUN
iiclr-17591	1151	22	,	,	PUNCT
iiclr-17591	1151	23	one	one	NUM
iiclr-17591	1151	24	that	that	PRON
iiclr-17591	1151	25	still	still	ADV
iiclr-17591	1151	26	lasts	last	VERB
iiclr-17591	1151	27	.	.	PUNCT
iiclr-17591	1152	1	the	the	DET
iiclr-17591	1152	2	reduced	reduce	VERB
iiclr-17591	1152	3	economic	economic	ADJ
iiclr-17591	1152	4	and	and	CCONJ
iiclr-17591	1152	5	legal	legal	ADJ
iiclr-17591	1152	6	ability	ability	NOUN
iiclr-17591	1152	7	of	of	ADP
iiclr-17591	1152	8	127	127	NUM
iiclr-17591	1152	9	.	.	PUNCT
iiclr-17591	1153	1	law	law	NOUN
iiclr-17591	1153	2	of	of	ADP
iiclr-17591	1153	3	dec	dec	PROPN
iiclr-17591	1153	4	.	.	PROPN
iiclr-17591	1153	5	6	6	NUM
iiclr-17591	1153	6	,	,	PUNCT
iiclr-17591	1153	7	1962	1962	NUM
iiclr-17591	1153	8	,	,	PUNCT
iiclr-17591	1153	9	no	no	NOUN
iiclr-17591	1153	10	.	.	NOUN
iiclr-17591	1153	11	1643	1643	NUM
iiclr-17591	1153	12	.	.	PUNCT
iiclr-17591	1154	1	only	only	ADV
iiclr-17591	1154	2	recently	recently	ADV
iiclr-17591	1154	3	has	have	VERB
iiclr-17591	1154	4	self	self	NOUN
iiclr-17591	1154	5	-	-	PUNCT
iiclr-17591	1154	6	production	production	NOUN
iiclr-17591	1154	7	for	for	ADP
iiclr-17591	1154	8	enterprises	enterprise	NOUN
iiclr-17591	1154	9	and	and	CCONJ
iiclr-17591	1154	10	groups	group	NOUN
iiclr-17591	1154	11	of	of	ADP
iiclr-17591	1154	12	companies	company	NOUN
iiclr-17591	1154	13	been	be	AUX
iiclr-17591	1154	14	allowed	allow	VERB
iiclr-17591	1154	15	(	(	PUNCT
iiclr-17591	1154	16	art	art	NOUN
iiclr-17591	1154	17	.	.	PUNCT
iiclr-17591	1155	1	9	9	NUM
iiclr-17591	1155	2	,	,	PUNCT
iiclr-17591	1155	3	law	law	NOUN
iiclr-17591	1155	4	of	of	ADP
iiclr-17591	1155	5	oct	oct	PROPN
iiclr-17591	1155	6	.	.	PROPN
iiclr-17591	1155	7	10	10	NUM
iiclr-17591	1155	8	,	,	PUNCT
iiclr-17591	1155	9	1990	1990	NUM
iiclr-17591	1155	10	,	,	PUNCT
iiclr-17591	1155	11	no	no	INTJ
iiclr-17591	1155	12	.	.	NOUN
iiclr-17591	1155	13	287	287	NUM
iiclr-17591	1155	14	)	)	PUNCT
iiclr-17591	1155	15	.	.	PUNCT
iiclr-17591	1156	1	128	128	NUM
iiclr-17591	1156	2	.	.	PUNCT
iiclr-17591	1157	1	financial	financial	ADJ
iiclr-17591	1157	2	institutions	institution	NOUN
iiclr-17591	1157	3	(	(	PUNCT
iiclr-17591	1157	4	mainly	mainly	ADV
iiclr-17591	1157	5	banks	bank	NOUN
iiclr-17591	1157	6	and	and	CCONJ
iiclr-17591	1157	7	insurance	insurance	NOUN
iiclr-17591	1157	8	companies	company	NOUN
iiclr-17591	1157	9	)	)	PUNCT
iiclr-17591	1157	10	were	be	AUX
iiclr-17591	1157	11	relatively	relatively	ADV
iiclr-17591	1157	12	easy	easy	ADJ
iiclr-17591	1157	13	to	to	PART
iiclr-17591	1157	14	privatize	privatize	VERB
iiclr-17591	1157	15	,	,	PUNCT
iiclr-17591	1157	16	and	and	CCONJ
iiclr-17591	1157	17	,	,	PUNCT
iiclr-17591	1157	18	with	with	ADP
iiclr-17591	1157	19	the	the	DET
iiclr-17591	1157	20	exception	exception	NOUN
iiclr-17591	1157	21	of	of	ADP
iiclr-17591	1157	22	banca	banca	PROPN
iiclr-17591	1157	23	nazionale	nazionale	PROPN
iiclr-17591	1157	24	del	del	X
iiclr-17591	1157	25	lavoro	lavoro	PROPN
iiclr-17591	1157	26	(	(	PUNCT
iiclr-17591	1157	27	bnl	bnl	PROPN
iiclr-17591	1157	28	)	)	PUNCT
iiclr-17591	1157	29	,	,	PUNCT
iiclr-17591	1157	30	were	be	AUX
iiclr-17591	1157	31	privatized	privatize	VERB
iiclr-17591	1157	32	between	between	ADP
iiclr-17591	1157	33	the	the	DET
iiclr-17591	1157	34	end	end	NOUN
iiclr-17591	1157	35	of	of	ADP
iiclr-17591	1157	36	1993	1993	NUM
iiclr-17591	1157	37	and	and	CCONJ
iiclr-17591	1157	38	the	the	DET
iiclr-17591	1157	39	summer	summer	NOUN
iiclr-17591	1157	40	of	of	ADP
iiclr-17591	1157	41	1994	1994	NUM
iiclr-17591	1157	42	.	.	PUNCT
iiclr-17591	1158	1	see	see	VERB
iiclr-17591	1158	2	infra	infra	NOUN
iiclr-17591	1158	3	note	note	VERB
iiclr-17591	1158	4	134	134	NUM
iiclr-17591	1158	5	.	.	NOUN
iiclr-17591	1158	6	129	129	NUM
iiclr-17591	1158	7	.	.	PUNCT
iiclr-17591	1159	1	for	for	ADP
iiclr-17591	1159	2	the	the	DET
iiclr-17591	1159	3	analysis	analysis	NOUN
iiclr-17591	1159	4	of	of	ADP
iiclr-17591	1159	5	the	the	DET
iiclr-17591	1159	6	legal	legal	ADJ
iiclr-17591	1159	7	structure	structure	NOUN
iiclr-17591	1159	8	and	and	CCONJ
iiclr-17591	1159	9	consequences	consequence	NOUN
iiclr-17591	1159	10	of	of	ADP
iiclr-17591	1159	11	the	the	DET
iiclr-17591	1159	12	separation	separation	NOUN
iiclr-17591	1159	13	between	between	ADP
iiclr-17591	1159	14	banking	banking	NOUN
iiclr-17591	1159	15	and	and	CCONJ
iiclr-17591	1159	16	industrial	industrial	ADJ
iiclr-17591	1159	17	system	system	NOUN
iiclr-17591	1159	18	before	before	ADP
iiclr-17591	1159	19	the	the	DET
iiclr-17591	1159	20	reform	reform	NOUN
iiclr-17591	1159	21	of	of	ADP
iiclr-17591	1159	22	1992	1992	NUM
iiclr-17591	1159	23	-	-	SYM
iiclr-17591	1159	24	1993	1993	NUM
iiclr-17591	1159	25	(	(	PUNCT
iiclr-17591	1159	26	on	on	ADP
iiclr-17591	1159	27	which	which	PRON
iiclr-17591	1159	28	see	see	VERB
iiclr-17591	1159	29	infra	infra	NOUN
iiclr-17591	1159	30	note	note	VERB
iiclr-17591	1159	31	183	183	NUM
iiclr-17591	1159	32	and	and	CCONJ
iiclr-17591	1159	33	accompanying	accompany	VERB
iiclr-17591	1159	34	text	text	NOUN
iiclr-17591	1159	35	)	)	PUNCT
iiclr-17591	1159	36	,	,	PUNCT
iiclr-17591	1159	37	see	see	VERB
iiclr-17591	1159	38	renzo	renzo	NOUN
iiclr-17591	1159	39	costi	costi	PROPN
iiclr-17591	1159	40	,	,	PUNCT
iiclr-17591	1159	41	l'ordinamento	l'ordinamento	PROPN
iiclr-17591	1159	42	bancario	bancario	PROPN
iiclr-17591	1159	43	330	330	NUM
iiclr-17591	1159	44	(	(	PUNCT
iiclr-17591	1159	45	1st	1st	ADJ
iiclr-17591	1159	46	ed	ed	NOUN
iiclr-17591	1159	47	.	.	PROPN
iiclr-17591	1159	48	1986	1986	NUM
iiclr-17591	1159	49	)	)	PUNCT
iiclr-17591	1159	50	.	.	PUNCT
iiclr-17591	1160	1	130	130	NUM
iiclr-17591	1160	2	.	.	PUNCT
iiclr-17591	1161	1	see	see	VERB
iiclr-17591	1161	2	supra	supra	PROPN
iiclr-17591	1161	3	note	note	PROPN
iiclr-17591	1161	4	57	57	NUM
iiclr-17591	1161	5	for	for	ADP
iiclr-17591	1161	6	some	some	DET
iiclr-17591	1161	7	examples	example	NOUN
iiclr-17591	1161	8	of	of	ADP
iiclr-17591	1161	9	the	the	DET
iiclr-17591	1161	10	problems	problem	NOUN
iiclr-17591	1161	11	created	create	VERB
iiclr-17591	1161	12	by	by	ADP
iiclr-17591	1161	13	the	the	DET
iiclr-17591	1161	14	range	range	NOUN
iiclr-17591	1161	15	and	and	CCONJ
iiclr-17591	1161	16	variety	variety	NOUN
iiclr-17591	1161	17	of	of	ADP
iiclr-17591	1161	18	activity	activity	NOUN
iiclr-17591	1161	19	committed	commit	VERB
iiclr-17591	1161	20	to	to	ADP
iiclr-17591	1161	21	the	the	DET
iiclr-17591	1161	22	public	public	ADJ
iiclr-17591	1161	23	enterprise	enterprise	NOUN
iiclr-17591	1161	24	sector	sector	NOUN
iiclr-17591	1161	25	.	.	PUNCT
iiclr-17591	1162	1	131	131	X
iiclr-17591	1162	2	.	.	PUNCT
iiclr-17591	1163	1	in	in	ADP
iiclr-17591	1163	2	italy	italy	PROPN
iiclr-17591	1163	3	the	the	DET
iiclr-17591	1163	4	state	state	NOUN
iiclr-17591	1163	5	has	have	AUX
iiclr-17591	1163	6	assumed	assume	VERB
iiclr-17591	1163	7	the	the	DET
iiclr-17591	1163	8	conflicting	conflict	VERB
iiclr-17591	1163	9	roles	role	NOUN
iiclr-17591	1163	10	of	of	ADP
iiclr-17591	1163	11	both	both	DET
iiclr-17591	1163	12	"	"	PUNCT
iiclr-17591	1163	13	referee	referee	NOUN
iiclr-17591	1163	14	and	and	CCONJ
iiclr-17591	1163	15	player	player	NOUN
iiclr-17591	1163	16	,	,	PUNCT
iiclr-17591	1163	17	"	"	PUNCT
iiclr-17591	1163	18	according	accord	VERB
iiclr-17591	1163	19	to	to	ADP
iiclr-17591	1163	20	a	a	DET
iiclr-17591	1163	21	colorful	colorful	ADJ
iiclr-17591	1163	22	metaphor	metaphor	NOUN
iiclr-17591	1163	23	of	of	ADP
iiclr-17591	1163	24	romano	romano	NOUN
iiclr-17591	1163	25	prodi	prodi	NOUN
iiclr-17591	1163	26	,	,	PUNCT
iiclr-17591	1163	27	il	il	PROPN
iiclr-17591	1163	28	tempo	tempo	PROPN
iiclr-17591	1163	29	delle	delle	PROPN
iiclr-17591	1163	30	scelte	scelte	PROPN
iiclr-17591	1163	31	.	.	PUNCT
iiclr-17591	1164	1	lezioni	lezioni	PROPN
iiclr-17591	1164	2	di	di	X
iiclr-17591	1164	3	economia	economia	PROPN
iiclr-17591	1164	4	84	84	NUM
iiclr-17591	1164	5	(	(	PUNCT
iiclr-17591	1164	6	1992	1992	NUM
iiclr-17591	1164	7	)	)	PUNCT
iiclr-17591	1164	8	.	.	PUNCT
iiclr-17591	1165	1	132	132	NUM
iiclr-17591	1165	2	.	.	PUNCT
iiclr-17591	1165	3	art	art	NOUN
iiclr-17591	1165	4	.	.	PUNCT
iiclr-17591	1166	1	92	92	NUM
iiclr-17591	1166	2	,	,	PUNCT
iiclr-17591	1166	3	par	par	NOUN
iiclr-17591	1166	4	.	.	PUNCT
iiclr-17591	1167	1	1	1	X
iiclr-17591	1167	2	,	,	PUNCT
iiclr-17591	1167	3	treaty	treaty	NOUN
iiclr-17591	1167	4	of	of	ADP
iiclr-17591	1167	5	rome	rome	PROPN
iiclr-17591	1167	6	:	:	PUNCT
iiclr-17591	1167	7	"	"	PUNCT
iiclr-17591	1167	8	save	save	VERB
iiclr-17591	1167	9	as	as	ADP
iiclr-17591	1167	10	otherwise	otherwise	ADV
iiclr-17591	1167	11	provided	provide	VERB
iiclr-17591	1167	12	in	in	ADP
iiclr-17591	1167	13	this	this	DET
iiclr-17591	1167	14	treaty	treaty	NOUN
iiclr-17591	1167	15	,	,	PUNCT
iiclr-17591	1167	16	any	any	DET
iiclr-17591	1167	17	aid	aid	NOUN
iiclr-17591	1167	18	granted	grant	VERB
iiclr-17591	1167	19	by	by	ADP
iiclr-17591	1167	20	a	a	DET
iiclr-17591	1167	21	member	member	NOUN
iiclr-17591	1167	22	state	state	NOUN
iiclr-17591	1167	23	or	or	CCONJ
iiclr-17591	1167	24	through	through	ADP
iiclr-17591	1167	25	state	state	NOUN
iiclr-17591	1167	26	resources	resource	NOUN
iiclr-17591	1167	27	in	in	ADP
iiclr-17591	1167	28	any	any	DET
iiclr-17591	1167	29	form	form	NOUN
iiclr-17591	1167	30	whatsoever	whatsoever	ADV
iiclr-17591	1167	31	which	which	PRON
iiclr-17591	1167	32	distorts	distort	VERB
iiclr-17591	1167	33	or	or	CCONJ
iiclr-17591	1167	34	threatens	threaten	VERB
iiclr-17591	1167	35	to	to	PART
iiclr-17591	1167	36	distort	distort	VERB
iiclr-17591	1167	37	competition	competition	NOUN
iiclr-17591	1167	38	by	by	ADP
iiclr-17591	1167	39	favouring	favour	VERB
iiclr-17591	1167	40	certain	certain	ADJ
iiclr-17591	1167	41	undertakings	undertaking	NOUN
iiclr-17591	1167	42	or	or	CCONJ
iiclr-17591	1167	43	the	the	DET
iiclr-17591	1167	44	production	production	NOUN
iiclr-17591	1167	45	of	of	ADP
iiclr-17591	1167	46	certain	certain	ADJ
iiclr-17591	1167	47	goods	good	NOUN
iiclr-17591	1167	48	shall	shall	AUX
iiclr-17591	1167	49	,	,	PUNCT
iiclr-17591	1167	50	insofar	insofar	ADV
iiclr-17591	1167	51	as	as	SCONJ
iiclr-17591	1167	52	it	it	PRON
iiclr-17591	1167	53	affects	affect	VERB
iiclr-17591	1167	54	trade	trade	NOUN
iiclr-17591	1167	55	between	between	ADP
iiclr-17591	1167	56	member	member	NOUN
iiclr-17591	1167	57	states	state	NOUN
iiclr-17591	1167	58	,	,	PUNCT
iiclr-17591	1167	59	be	be	AUX
iiclr-17591	1167	60	incompatible	incompatible	ADJ
iiclr-17591	1167	61	with	with	ADP
iiclr-17591	1167	62	the	the	DET
iiclr-17591	1167	63	common	common	ADJ
iiclr-17591	1167	64	market	market	NOUN
iiclr-17591	1167	65	.	.	PUNCT
iiclr-17591	1167	66	"	"	PUNCT
iiclr-17591	1168	1	par	par	NOUN
iiclr-17591	1168	2	.	.	PUNCT
iiclr-17591	1169	1	2	2	NUM
iiclr-17591	1169	2	of	of	ADP
iiclr-17591	1169	3	art	art	NOUN
iiclr-17591	1169	4	.	.	PUNCT
iiclr-17591	1170	1	92	92	NUM
iiclr-17591	1170	2	sets	set	NOUN
iiclr-17591	1170	3	forth	forth	ADP
iiclr-17591	1170	4	someexceptions	someexception	NOUN
iiclr-17591	1170	5	for	for	ADP
iiclr-17591	1170	6	aid	aid	NOUN
iiclr-17591	1170	7	having	have	VERB
iiclr-17591	1170	8	social	social	ADJ
iiclr-17591	1170	9	purpose	purpose	NOUN
iiclr-17591	1170	10	or	or	CCONJ
iiclr-17591	1170	11	development	development	NOUN
iiclr-17591	1170	12	goals	goal	NOUN
iiclr-17591	1170	13	.	.	PUNCT
iiclr-17591	1171	1	[	[	X
iiclr-17591	1171	2	vol	vol	NOUN
iiclr-17591	1171	3	.	.	PUNCT
iiclr-17591	1172	1	6:1i	6:1i	NUM
iiclr-17591	1172	2	corporate	corporate	ADJ
iiclr-17591	1172	3	governance	governance	NOUN
iiclr-17591	1172	4	in	in	ADP
iiclr-17591	1172	5	italy	italy	PROPN
iiclr-17591	1172	6	the	the	DET
iiclr-17591	1172	7	state	state	NOUN
iiclr-17591	1172	8	to	to	PART
iiclr-17591	1172	9	inject	inject	VERB
iiclr-17591	1172	10	money	money	NOUN
iiclr-17591	1172	11	into	into	ADP
iiclr-17591	1172	12	the	the	DET
iiclr-17591	1172	13	public	public	ADJ
iiclr-17591	1172	14	sector	sector	NOUN
iiclr-17591	1172	15	resulted	result	VERB
iiclr-17591	1172	16	in	in	ADP
iiclr-17591	1172	17	systematic	systematic	ADJ
iiclr-17591	1172	18	undercapitalization	undercapitalization	NOUN
iiclr-17591	1172	19	and	and	CCONJ
iiclr-17591	1172	20	,	,	PUNCT
iiclr-17591	1172	21	in	in	ADP
iiclr-17591	1172	22	some	some	DET
iiclr-17591	1172	23	cases	case	NOUN
iiclr-17591	1172	24	,	,	PUNCT
iiclr-17591	1172	25	in	in	ADP
iiclr-17591	1172	26	outright	outright	ADJ
iiclr-17591	1172	27	failures	failure	NOUN
iiclr-17591	1172	28	.	.	PUNCT
iiclr-17591	1173	1	'33	'33	NUM
iiclr-17591	1173	2	the	the	DET
iiclr-17591	1173	3	system	system	NOUN
iiclr-17591	1173	4	,	,	PUNCT
iiclr-17591	1173	5	now	now	ADV
iiclr-17591	1173	6	for	for	ADP
iiclr-17591	1173	7	the	the	DET
iiclr-17591	1173	8	first	first	ADJ
iiclr-17591	1173	9	time	time	NOUN
iiclr-17591	1173	10	under	under	ADP
iiclr-17591	1173	11	pressure	pressure	NOUN
iiclr-17591	1173	12	by	by	ADP
iiclr-17591	1173	13	all	all	DET
iiclr-17591	1173	14	political	political	ADJ
iiclr-17591	1173	15	parties	party	NOUN
iiclr-17591	1173	16	,	,	PUNCT
iiclr-17591	1173	17	will	will	AUX
iiclr-17591	1173	18	almost	almost	ADV
iiclr-17591	1173	19	certainly	certainly	ADV
iiclr-17591	1173	20	undergo	undergo	VERB
iiclr-17591	1173	21	a	a	DET
iiclr-17591	1173	22	drastic	drastic	ADJ
iiclr-17591	1173	23	diange	diange	NOUN
iiclr-17591	1173	24	in	in	ADP
iiclr-17591	1173	25	the	the	DET
iiclr-17591	1173	26	next	next	ADJ
iiclr-17591	1173	27	few	few	ADJ
iiclr-17591	1173	28	years	year	NOUN
iiclr-17591	1173	29	.	.	PUNCT
iiclr-17591	1174	1	any	any	DET
iiclr-17591	1174	2	forecast	forecast	NOUN
iiclr-17591	1174	3	about	about	ADP
iiclr-17591	1174	4	its	its	PRON
iiclr-17591	1174	5	future	future	ADJ
iiclr-17591	1174	6	size	size	NOUN
iiclr-17591	1174	7	and	and	CCONJ
iiclr-17591	1174	8	role	role	NOUN
iiclr-17591	1174	9	is	be	AUX
iiclr-17591	1174	10	thus	thus	ADV
iiclr-17591	1174	11	impossible	impossible	ADJ
iiclr-17591	1174	12	at	at	ADP
iiclr-17591	1174	13	the	the	DET
iiclr-17591	1174	14	moment	moment	NOUN
iiclr-17591	1174	15	.	.	PUNCT
iiclr-17591	1175	1	it	it	PRON
iiclr-17591	1175	2	is	be	AUX
iiclr-17591	1175	3	enough	enough	ADJ
iiclr-17591	1175	4	to	to	PART
iiclr-17591	1175	5	observe	observe	VERB
iiclr-17591	1175	6	that	that	SCONJ
iiclr-17591	1175	7	,	,	PUNCT
iiclr-17591	1175	8	after	after	ADP
iiclr-17591	1175	9	more	more	ADJ
iiclr-17591	1175	10	than	than	ADP
iiclr-17591	1175	11	sixty	sixty	NUM
iiclr-17591	1175	12	years	year	NOUN
iiclr-17591	1175	13	,	,	PUNCT
iiclr-17591	1175	14	the	the	DET
iiclr-17591	1175	15	effects	effect	NOUN
iiclr-17591	1175	16	of	of	ADP
iiclr-17591	1175	17	the	the	DET
iiclr-17591	1175	18	post	post	ADJ
iiclr-17591	1175	19	-	-	ADJ
iiclr-17591	1175	20	world	world	ADJ
iiclr-17591	1175	21	war	war	NOUN
iiclr-17591	1175	22	i	i	PRON
iiclr-17591	1175	23	choices	choice	NOUN
iiclr-17591	1175	24	are	be	AUX
iiclr-17591	1175	25	still	still	ADV
iiclr-17591	1175	26	there	there	ADV
iiclr-17591	1175	27	.	.	PUNCT
iiclr-17591	1176	1	as	as	SCONJ
iiclr-17591	1176	2	me	i	PRON
iiclr-17591	1176	3	will	will	AUX
iiclr-17591	1176	4	soon	soon	ADV
iiclr-17591	1176	5	see	see	VERB
iiclr-17591	1176	6	,	,	PUNCT
iiclr-17591	1176	7	the	the	DET
iiclr-17591	1176	8	"	"	PUNCT
iiclr-17591	1176	9	firewalls	firewall	NOUN
iiclr-17591	1176	10	"	"	PUNCT
iiclr-17591	1176	11	erected	erect	VERB
iiclr-17591	1176	12	between	between	ADP
iiclr-17591	1176	13	banks	bank	NOUN
iiclr-17591	1176	14	and	and	CCONJ
iiclr-17591	1176	15	industry	industry	NOUN
iiclr-17591	1176	16	were	be	AUX
iiclr-17591	1176	17	dismantled	dismantle	VERB
iiclr-17591	1176	18	only	only	ADV
iiclr-17591	1176	19	two	two	NUM
iiclr-17591	1176	20	years	year	NOUN
iiclr-17591	1176	21	ago	ago	ADV
iiclr-17591	1176	22	,	,	PUNCT
iiclr-17591	1176	23	when	when	SCONJ
iiclr-17591	1176	24	the	the	DET
iiclr-17591	1176	25	industrial	industrial	ADJ
iiclr-17591	1176	26	system	system	NOUN
iiclr-17591	1176	27	was	be	AUX
iiclr-17591	1176	28	irreversibly	irreversibly	ADV
iiclr-17591	1176	29	shaped	shape	VERB
iiclr-17591	1176	30	,	,	PUNCT
iiclr-17591	1176	31	and	and	CCONJ
iiclr-17591	1176	32	the	the	DET
iiclr-17591	1176	33	long	long	ADJ
iiclr-17591	1176	34	needed	need	VERB
iiclr-17591	1176	35	process	process	NOUN
iiclr-17591	1176	36	of	of	ADP
iiclr-17591	1176	37	privatizing	privatize	VERB
iiclr-17591	1176	38	public	public	ADJ
iiclr-17591	1176	39	enterprises	enterprise	NOUN
iiclr-17591	1176	40	is	be	AUX
iiclr-17591	1176	41	still	still	ADV
iiclr-17591	1176	42	taking	take	VERB
iiclr-17591	1176	43	its	its	PRON
iiclr-17591	1176	44	first	first	ADJ
iiclr-17591	1176	45	steps	step	NOUN
iiclr-17591	1176	46	.	.	PUNCT
iiclr-17591	1176	47	'	'	PUNCT
iiclr-17591	1177	1	34	34	NUM
iiclr-17591	1177	2	d.	d.	NOUN
iiclr-17591	1177	3	the	the	DET
iiclr-17591	1177	4	ownership	ownership	NOUN
iiclr-17591	1177	5	structure	structure	NOUN
iiclr-17591	1177	6	of	of	ADP
iiclr-17591	1177	7	unlisted	unlisted	ADJ
iiclr-17591	1177	8	companies	company	NOUN
iiclr-17591	1177	9	.	.	PUNCT
iiclr-17591	1178	1	very	very	ADV
iiclr-17591	1178	2	large	large	ADJ
iiclr-17591	1178	3	italian	italian	ADJ
iiclr-17591	1178	4	businesses	business	NOUN
iiclr-17591	1178	5	are	be	AUX
iiclr-17591	1178	6	run	run	VERB
iiclr-17591	1178	7	by	by	ADP
iiclr-17591	1178	8	companies	company	NOUN
iiclr-17591	1178	9	that	that	PRON
iiclr-17591	1178	10	never	never	ADV
iiclr-17591	1178	11	went	go	VERB
iiclr-17591	1178	12	through	through	ADP
iiclr-17591	1178	13	a	a	DET
iiclr-17591	1178	14	public	public	ADJ
iiclr-17591	1178	15	offering	offering	NOUN
iiclr-17591	1178	16	.	.	PUNCT
iiclr-17591	1179	1	public	public	ADJ
iiclr-17591	1179	2	capital	capital	NOUN
iiclr-17591	1179	3	markets	market	NOUN
iiclr-17591	1179	4	play	play	VERB
iiclr-17591	1179	5	a	a	DET
iiclr-17591	1179	6	rather	rather	ADV
iiclr-17591	1179	7	marginal	marginal	ADJ
iiclr-17591	1179	8	role	role	NOUN
iiclr-17591	1179	9	in	in	ADP
iiclr-17591	1179	10	italy	italy	PROPN
iiclr-17591	1179	11	:	:	PUNCT
iiclr-17591	1179	12	a	a	DET
iiclr-17591	1179	13	large	large	ADJ
iiclr-17591	1179	14	part	part	NOUN
iiclr-17591	1179	15	of	of	ADP
iiclr-17591	1179	16	the	the	DET
iiclr-17591	1179	17	productive	productive	ADJ
iiclr-17591	1179	18	system	system	NOUN
iiclr-17591	1179	19	is	be	AUX
iiclr-17591	1179	20	made	make	VERB
iiclr-17591	1179	21	up	up	ADP
iiclr-17591	1179	22	of	of	ADP
iiclr-17591	1179	23	companies	company	NOUN
iiclr-17591	1179	24	not	not	PART
iiclr-17591	1179	25	listed	list	VERB
iiclr-17591	1179	26	on	on	ADP
iiclr-17591	1179	27	any	any	DET
iiclr-17591	1179	28	stock	stock	NOUN
iiclr-17591	1179	29	exchange	exchange	NOUN
iiclr-17591	1179	30	or	or	CCONJ
iiclr-17591	1179	31	interdealer	interdealer	NOUN
iiclr-17591	1179	32	system	system	NOUN
iiclr-17591	1179	33	,	,	PUNCT
iiclr-17591	1179	34	and	and	CCONJ
iiclr-17591	1179	35	whose	whose	DET
iiclr-17591	1179	36	capital	capital	NOUN
iiclr-17591	1179	37	is	be	AUX
iiclr-17591	1179	38	not	not	PART
iiclr-17591	1179	39	otherwise	otherwise	ADV
iiclr-17591	1179	40	widely	widely	ADV
iiclr-17591	1179	41	traded	trade	VERB
iiclr-17591	1179	42	.	.	PUNCT
iiclr-17591	1180	1	3	3	NUM
iiclr-17591	1180	2	this	this	PRON
iiclr-17591	1180	3	is	be	AUX
iiclr-17591	1180	4	hardly	hardly	ADV
iiclr-17591	1180	5	surprising	surprising	ADJ
iiclr-17591	1180	6	given	give	VERB
iiclr-17591	1180	7	the	the	DET
iiclr-17591	1180	8	small	small	ADJ
iiclr-17591	1180	9	average	average	ADJ
iiclr-17591	1180	10	industrial	industrial	ADJ
iiclr-17591	1180	11	size	size	NOUN
iiclr-17591	1180	12	,	,	PUNCT
iiclr-17591	1180	13	but	but	CCONJ
iiclr-17591	1181	1	133	133	NUM
iiclr-17591	1181	2	.	.	PUNCT
iiclr-17591	1181	3	ente	ente	PROPN
iiclr-17591	1181	4	finanziamento	finanziamento	PROPN
iiclr-17591	1181	5	industria	industria	PROPN
iiclr-17591	1181	6	manifatturiera	manifatturiera	PROPN
iiclr-17591	1181	7	,	,	PUNCT
iiclr-17591	1181	8	or	or	CCONJ
iiclr-17591	1181	9	efim	efim	NOUN
iiclr-17591	1181	10	,	,	PUNCT
iiclr-17591	1181	11	one	one	NUM
iiclr-17591	1181	12	of	of	ADP
iiclr-17591	1181	13	the	the	DET
iiclr-17591	1181	14	four	four	NUM
iiclr-17591	1181	15	largest	large	ADJ
iiclr-17591	1181	16	public	public	ADJ
iiclr-17591	1181	17	holdings	holding	NOUN
iiclr-17591	1181	18	,	,	PUNCT
iiclr-17591	1181	19	was	be	AUX
iiclr-17591	1181	20	liquidated	liquidate	VERB
iiclr-17591	1181	21	by	by	ADP
iiclr-17591	1181	22	an	an	DET
iiclr-17591	1181	23	emergency	emergency	NOUN
iiclr-17591	1181	24	law	law	NOUN
iiclr-17591	1181	25	.	.	PUNCT
iiclr-17591	1182	1	government	government	NOUN
iiclr-17591	1182	2	decree	decree	NOUN
iiclr-17591	1182	3	-	-	PUNCT
iiclr-17591	1182	4	law	law	NOUN
iiclr-17591	1182	5	of	of	ADP
iiclr-17591	1182	6	july	july	PROPN
iiclr-17591	1182	7	18	18	NUM
iiclr-17591	1182	8	,	,	PUNCT
iiclr-17591	1182	9	1992	1992	NUM
iiclr-17591	1182	10	,	,	PUNCT
iiclr-17591	1182	11	no	no	INTJ
iiclr-17591	1182	12	.	.	NOUN
iiclr-17591	1182	13	340	340	NUM
iiclr-17591	1182	14	,	,	PUNCT
iiclr-17591	1182	15	converted	convert	VERB
iiclr-17591	1182	16	,	,	PUNCT
iiclr-17591	1182	17	after	after	ADP
iiclr-17591	1182	18	several	several	ADJ
iiclr-17591	1182	19	reenactments	reenactment	NOUN
iiclr-17591	1182	20	,	,	PUNCT
iiclr-17591	1182	21	by	by	ADP
iiclr-17591	1182	22	law	law	NOUN
iiclr-17591	1182	23	of	of	ADP
iiclr-17591	1182	24	feb	feb	PROPN
iiclr-17591	1182	25	.	.	PROPN
iiclr-17591	1182	26	17	17	NUM
iiclr-17591	1182	27	,	,	PUNCT
iiclr-17591	1182	28	1993	1993	NUM
iiclr-17591	1182	29	,	,	PUNCT
iiclr-17591	1182	30	no	no	INTJ
iiclr-17591	1182	31	.	.	NOUN
iiclr-17591	1182	32	33	33	NUM
iiclr-17591	1182	33	.	.	PUNCT
iiclr-17591	1183	1	the	the	DET
iiclr-17591	1183	2	crisis	crisis	NOUN
iiclr-17591	1183	3	has	have	AUX
iiclr-17591	1183	4	not	not	PART
iiclr-17591	1183	5	yet	yet	ADV
iiclr-17591	1183	6	been	be	AUX
iiclr-17591	1183	7	completely	completely	ADV
iiclr-17591	1183	8	solved	solve	VERB
iiclr-17591	1183	9	after	after	ADP
iiclr-17591	1183	10	almost	almost	ADV
iiclr-17591	1183	11	three	three	NUM
iiclr-17591	1183	12	years	year	NOUN
iiclr-17591	1183	13	.	.	PUNCT
iiclr-17591	1184	1	most	most	ADJ
iiclr-17591	1184	2	of	of	ADP
iiclr-17591	1184	3	efim	efim	NOUN
iiclr-17591	1184	4	's	's	PART
iiclr-17591	1184	5	assets	asset	NOUN
iiclr-17591	1184	6	,	,	PUNCT
iiclr-17591	1184	7	consisting	consist	VERB
iiclr-17591	1184	8	of	of	ADP
iiclr-17591	1184	9	large	large	ADJ
iiclr-17591	1184	10	mechanical	mechanical	ADJ
iiclr-17591	1184	11	and	and	CCONJ
iiclr-17591	1184	12	defense	defense	NOUN
iiclr-17591	1184	13	firms	firm	NOUN
iiclr-17591	1184	14	,	,	PUNCT
iiclr-17591	1184	15	have	have	AUX
iiclr-17591	1184	16	been	be	AUX
iiclr-17591	1184	17	transferred	transfer	VERB
iiclr-17591	1184	18	to	to	ADP
iiclr-17591	1184	19	the	the	DET
iiclr-17591	1184	20	first	first	ADJ
iiclr-17591	1184	21	public	public	ADJ
iiclr-17591	1184	22	holding	holding	NOUN
iiclr-17591	1184	23	(	(	PUNCT
iiclr-17591	1184	24	ri	ri	NOUN
iiclr-17591	1184	25	)	)	PUNCT
iiclr-17591	1184	26	,	,	PUNCT
iiclr-17591	1184	27	and	and	CCONJ
iiclr-17591	1184	28	the	the	DET
iiclr-17591	1184	29	debts	debt	NOUN
iiclr-17591	1184	30	,	,	PUNCT
iiclr-17591	1184	31	amounting	amount	VERB
iiclr-17591	1184	32	to	to	ADP
iiclr-17591	1184	33	several	several	ADJ
iiclr-17591	1184	34	trillion	trillion	NUM
iiclr-17591	1184	35	liras	lira	NOUN
iiclr-17591	1184	36	(	(	PUNCT
iiclr-17591	1184	37	1.7	1.7	NUM
iiclr-17591	1184	38	trillion	trillion	NUM
iiclr-17591	1184	39	liras	lira	NOUN
iiclr-17591	1184	40	equals	equal	VERB
iiclr-17591	1184	41	approximately	approximately	ADV
iiclr-17591	1184	42	one	one	NUM
iiclr-17591	1184	43	billion	billion	NUM
iiclr-17591	1184	44	u.s	u.s	PROPN
iiclr-17591	1184	45	.	.	PROPN
iiclr-17591	1184	46	dollars	dollar	NOUN
iiclr-17591	1184	47	)	)	PUNCT
iiclr-17591	1184	48	,	,	PUNCT
iiclr-17591	1184	49	have	have	AUX
iiclr-17591	1184	50	been	be	AUX
iiclr-17591	1184	51	paid	pay	VERB
iiclr-17591	1184	52	by	by	ADP
iiclr-17591	1184	53	the	the	DET
iiclr-17591	1184	54	state	state	NOUN
iiclr-17591	1184	55	,	,	PUNCT
iiclr-17591	1184	56	which	which	PRON
iiclr-17591	1184	57	was	be	AUX
iiclr-17591	1184	58	authorized	authorize	VERB
iiclr-17591	1184	59	to	to	PART
iiclr-17591	1184	60	do	do	VERB
iiclr-17591	1184	61	so	so	ADV
iiclr-17591	1184	62	by	by	ADP
iiclr-17591	1184	63	the	the	DET
iiclr-17591	1184	64	european	european	PROPN
iiclr-17591	1184	65	union	union	PROPN
iiclr-17591	1184	66	.	.	PUNCT
iiclr-17591	1185	1	134	134	NUM
iiclr-17591	1185	2	.	.	PUNCT
iiclr-17591	1186	1	the	the	DET
iiclr-17591	1186	2	process	process	NOUN
iiclr-17591	1186	3	of	of	ADP
iiclr-17591	1186	4	privatization	privatization	NOUN
iiclr-17591	1186	5	of	of	ADP
iiclr-17591	1186	6	state	state	NOUN
iiclr-17591	1186	7	-	-	PUNCT
iiclr-17591	1186	8	owned	own	VERB
iiclr-17591	1186	9	enterprises	enterprise	NOUN
iiclr-17591	1186	10	,	,	PUNCT
iiclr-17591	1186	11	heralded	herald	VERB
iiclr-17591	1186	12	by	by	ADP
iiclr-17591	1186	13	several	several	ADJ
iiclr-17591	1186	14	laws	law	NOUN
iiclr-17591	1186	15	,	,	PUNCT
iiclr-17591	1186	16	accelerated	accelerate	VERB
iiclr-17591	1186	17	dramatically	dramatically	ADV
iiclr-17591	1186	18	in	in	ADP
iiclr-17591	1186	19	1992	1992	NUM
iiclr-17591	1186	20	under	under	ADP
iiclr-17591	1186	21	the	the	DET
iiclr-17591	1186	22	amato	amato	PROPN
iiclr-17591	1186	23	government	government	NOUN
iiclr-17591	1186	24	.	.	PUNCT
iiclr-17591	1187	1	the	the	DET
iiclr-17591	1187	2	collapse	collapse	NOUN
iiclr-17591	1187	3	of	of	ADP
iiclr-17591	1187	4	efim	efim	NOUN
iiclr-17591	1187	5	(	(	PUNCT
iiclr-17591	1187	6	see	see	VERB
iiclr-17591	1187	7	supra	supra	PROPN
iiclr-17591	1187	8	note	note	PROPN
iiclr-17591	1187	9	133	133	NUM
iiclr-17591	1187	10	)	)	PUNCT
iiclr-17591	1187	11	,	,	PUNCT
iiclr-17591	1187	12	a	a	DET
iiclr-17591	1187	13	deep	deep	ADJ
iiclr-17591	1187	14	and	and	CCONJ
iiclr-17591	1187	15	still	still	ADV
iiclr-17591	1187	16	lasting	last	VERB
iiclr-17591	1187	17	public	public	ADJ
iiclr-17591	1187	18	deficit	deficit	NOUN
iiclr-17591	1187	19	,	,	PUNCT
iiclr-17591	1187	20	and	and	CCONJ
iiclr-17591	1187	21	a	a	DET
iiclr-17591	1187	22	changed	change	VERB
iiclr-17591	1187	23	general	general	ADJ
iiclr-17591	1187	24	consciousness	consciousness	NOUN
iiclr-17591	1187	25	of	of	ADP
iiclr-17591	1187	26	publicprivate	publicprivate	ADJ
iiclr-17591	1187	27	relationship	relationship	NOUN
iiclr-17591	1187	28	induced	induce	VERB
iiclr-17591	1187	29	the	the	DET
iiclr-17591	1187	30	government	government	NOUN
iiclr-17591	1187	31	,	,	PUNCT
iiclr-17591	1187	32	supported	support	VERB
iiclr-17591	1187	33	by	by	ADP
iiclr-17591	1187	34	the	the	DET
iiclr-17591	1187	35	parliament	parliament	NOUN
iiclr-17591	1187	36	,	,	PUNCT
iiclr-17591	1187	37	to	to	PART
iiclr-17591	1187	38	start	start	VERB
iiclr-17591	1187	39	a	a	DET
iiclr-17591	1187	40	privatization	privatization	NOUN
iiclr-17591	1187	41	program	program	NOUN
iiclr-17591	1187	42	involving	involve	VERB
iiclr-17591	1187	43	most	most	ADJ
iiclr-17591	1187	44	state	state	NOUN
iiclr-17591	1187	45	enterprises	enterprise	NOUN
iiclr-17591	1187	46	(	(	PUNCT
iiclr-17591	1187	47	art	art	NOUN
iiclr-17591	1187	48	.	.	PUNCT
iiclr-17591	1188	1	15	15	NUM
iiclr-17591	1188	2	,	,	PUNCT
iiclr-17591	1188	3	16	16	NUM
iiclr-17591	1188	4	,	,	PUNCT
iiclr-17591	1188	5	law	law	NOUN
iiclr-17591	1188	6	of	of	ADP
iiclr-17591	1188	7	aug	aug	PROPN
iiclr-17591	1188	8	.	.	PROPN
iiclr-17591	1188	9	8	8	NUM
iiclr-17591	1188	10	,	,	PUNCT
iiclr-17591	1188	11	1992	1992	NUM
iiclr-17591	1188	12	,	,	PUNCT
iiclr-17591	1188	13	no	no	INTJ
iiclr-17591	1188	14	.	.	NOUN
iiclr-17591	1188	15	359	359	NUM
iiclr-17591	1188	16	)	)	PUNCT
iiclr-17591	1188	17	.	.	PUNCT
iiclr-17591	1189	1	as	as	ADP
iiclr-17591	1189	2	of	of	ADP
iiclr-17591	1189	3	august	august	PROPN
iiclr-17591	1189	4	1995	1995	NUM
iiclr-17591	1189	5	,	,	PUNCT
iiclr-17591	1189	6	only	only	ADV
iiclr-17591	1189	7	three	three	NUM
iiclr-17591	1189	8	banks	bank	NOUN
iiclr-17591	1189	9	(	(	PUNCT
iiclr-17591	1189	10	credito	credito	PROPN
iiclr-17591	1189	11	italiano	italiano	PROPN
iiclr-17591	1189	12	,	,	PUNCT
iiclr-17591	1189	13	banca	banca	PROPN
iiclr-17591	1189	14	commerciale	commerciale	PROPN
iiclr-17591	1189	15	italiana	italiana	PROPN
iiclr-17591	1189	16	and	and	CCONJ
iiclr-17591	1189	17	istituto	istituto	PROPN
iiclr-17591	1189	18	mobiliare	mobiliare	PROPN
iiclr-17591	1189	19	italiano	italiano	PROPN
iiclr-17591	1189	20	)	)	PUNCT
iiclr-17591	1189	21	,	,	PUNCT
iiclr-17591	1189	22	an	an	DET
iiclr-17591	1189	23	insurance	insurance	NOUN
iiclr-17591	1189	24	company	company	NOUN
iiclr-17591	1189	25	(	(	PUNCT
iiclr-17591	1189	26	istituto	istituto	X
iiclr-17591	1189	27	nazionale	nazionale	PROPN
iiclr-17591	1189	28	delle	delle	NOUN
iiclr-17591	1189	29	assicurazioni	assicurazioni	NOUN
iiclr-17591	1189	30	)	)	PUNCT
iiclr-17591	1189	31	and	and	CCONJ
iiclr-17591	1189	32	a	a	DET
iiclr-17591	1189	33	few	few	ADJ
iiclr-17591	1189	34	industrial	industrial	ADJ
iiclr-17591	1189	35	companies	company	NOUN
iiclr-17591	1189	36	(	(	PUNCT
iiclr-17591	1189	37	among	among	ADP
iiclr-17591	1189	38	them	they	PRON
iiclr-17591	1189	39	nuovo	nuovo	PROPN
iiclr-17591	1189	40	pignone	pignone	PROPN
iiclr-17591	1189	41	,	,	PUNCT
iiclr-17591	1189	42	acquired	acquire	VERB
iiclr-17591	1189	43	by	by	ADP
iiclr-17591	1189	44	general	general	ADJ
iiclr-17591	1189	45	electric	electric	PROPN
iiclr-17591	1189	46	)	)	PUNCT
iiclr-17591	1189	47	have	have	AUX
iiclr-17591	1189	48	been	be	AUX
iiclr-17591	1189	49	privatized	privatize	VERB
iiclr-17591	1189	50	,	,	PUNCT
iiclr-17591	1189	51	principally	principally	ADV
iiclr-17591	1189	52	through	through	ADP
iiclr-17591	1189	53	public	public	ADJ
iiclr-17591	1189	54	offerings	offering	NOUN
iiclr-17591	1189	55	(	(	PUNCT
iiclr-17591	1189	56	for	for	ADP
iiclr-17591	1189	57	some	some	PRON
iiclr-17591	1189	58	of	of	ADP
iiclr-17591	1189	59	them	they	PRON
iiclr-17591	1189	60	the	the	DET
iiclr-17591	1189	61	state	state	NOUN
iiclr-17591	1189	62	has	have	AUX
iiclr-17591	1189	63	retained	retain	VERB
iiclr-17591	1189	64	a	a	DET
iiclr-17591	1189	65	minority	minority	NOUN
iiclr-17591	1189	66	share	share	NOUN
iiclr-17591	1189	67	)	)	PUNCT
iiclr-17591	1189	68	,	,	PUNCT
iiclr-17591	1189	69	but	but	CCONJ
iiclr-17591	1189	70	other	other	ADJ
iiclr-17591	1189	71	important	important	ADJ
iiclr-17591	1189	72	companies	company	NOUN
iiclr-17591	1189	73	seem	seem	VERB
iiclr-17591	1189	74	on	on	ADP
iiclr-17591	1189	75	the	the	DET
iiclr-17591	1189	76	way	way	NOUN
iiclr-17591	1189	77	(	(	PUNCT
iiclr-17591	1189	78	notably	notably	ADV
iiclr-17591	1189	79	,	,	PUNCT
iiclr-17591	1189	80	the	the	DET
iiclr-17591	1189	81	oil	oil	NOUN
iiclr-17591	1189	82	and	and	CCONJ
iiclr-17591	1189	83	natural	natural	ADJ
iiclr-17591	1189	84	gas	gas	NOUN
iiclr-17591	1189	85	holding	holding	NOUN
iiclr-17591	1189	86	,	,	PUNCT
iiclr-17591	1189	87	eni	eni	PROPN
iiclr-17591	1189	88	,	,	PUNCT
iiclr-17591	1189	89	the	the	DET
iiclr-17591	1189	90	telephone	telephone	NOUN
iiclr-17591	1189	91	holding	holding	NOUN
iiclr-17591	1189	92	,	,	PUNCT
iiclr-17591	1189	93	stet	stet	NOUN
iiclr-17591	1189	94	,	,	PUNCT
iiclr-17591	1189	95	and	and	CCONJ
iiclr-17591	1189	96	the	the	DET
iiclr-17591	1189	97	electrical	electrical	ADJ
iiclr-17591	1189	98	power	power	NOUN
iiclr-17591	1189	99	company	company	NOUN
iiclr-17591	1189	100	,	,	PUNCT
iiclr-17591	1189	101	enel	enel	PROPN
iiclr-17591	1189	102	)	)	PUNCT
iiclr-17591	1189	103	.	.	PUNCT
iiclr-17591	1190	1	135	135	NUM
iiclr-17591	1190	2	.	.	X
iiclr-17591	1191	1	examplesare	examplesare	NOUN
iiclr-17591	1191	2	extremely	extremely	ADV
iiclr-17591	1191	3	rare	rare	ADJ
iiclr-17591	1191	4	of	of	ADP
iiclr-17591	1191	5	companies	company	NOUN
iiclr-17591	1191	6	iat	iat	VERB
iiclr-17591	1191	7	,	,	PUNCT
iiclr-17591	1191	8	although	although	SCONJ
iiclr-17591	1191	9	unlisted	unliste	VERB
iiclr-17591	1191	10	,	,	PUNCT
iiclr-17591	1191	11	are	be	AUX
iiclr-17591	1191	12	widely	widely	ADV
iiclr-17591	1191	13	held	hold	VERB
iiclr-17591	1191	14	and	and	CCONJ
iiclr-17591	1191	15	traded	trade	VERB
iiclr-17591	1191	16	.	.	PUNCT
iiclr-17591	1192	1	(	(	PUNCT
iiclr-17591	1192	2	one	one	NUM
iiclr-17591	1192	3	of	of	ADP
iiclr-17591	1192	4	the	the	DET
iiclr-17591	1192	5	few	few	ADJ
iiclr-17591	1192	6	widely	widely	ADV
iiclr-17591	1192	7	held	hold	VERB
iiclr-17591	1192	8	unlisted	unlisted	ADJ
iiclr-17591	1192	9	companies	company	NOUN
iiclr-17591	1192	10	,	,	PUNCT
iiclr-17591	1192	11	banco	banco	PROPN
iiclr-17591	1192	12	s.	s.	PROPN
iiclr-17591	1192	13	geminiano	geminiano	PROPN
iiclr-17591	1192	14	e	e	PROPN
iiclr-17591	1192	15	s.	s.	PROPN
iiclr-17591	1192	16	prospero	prospero	PROPN
iiclr-17591	1192	17	s.p.a	s.p.a	PROPN
iiclr-17591	1192	18	.	.	PROPN
iiclr-17591	1192	19	,	,	PUNCT
iiclr-17591	1192	20	a	a	DET
iiclr-17591	1192	21	large	large	ADJ
iiclr-17591	1192	22	local	local	ADJ
iiclr-17591	1192	23	bank	bank	NOUN
iiclr-17591	1192	24	with	with	ADP
iiclr-17591	1192	25	avery	avery	PROPN
iiclr-17591	1192	26	unusual	unusual	PROPN
iiclr-17591	1192	27	control	control	NOUN
iiclr-17591	1192	28	group	group	NOUN
iiclr-17591	1192	29	,	,	PUNCT
iiclr-17591	1192	30	was	be	AUX
iiclr-17591	1192	31	the	the	DET
iiclr-17591	1192	32	target	target	NOUN
iiclr-17591	1192	33	of	of	ADP
iiclr-17591	1192	34	a	a	DET
iiclr-17591	1192	35	finally	finally	ADV
iiclr-17591	1192	36	successful	successful	ADJ
iiclr-17591	1192	37	hostile	hostile	ADJ
iiclr-17591	1192	38	takeover	takeover	NOUN
iiclr-17591	1192	39	in	in	ADP
iiclr-17591	1192	40	october	october	PROPN
iiclr-17591	1192	41	1993	1993	NUM
iiclr-17591	1192	42	.	.	PUNCT
iiclr-17591	1192	43	)	)	PUNCT
iiclr-17591	1193	1	the	the	DET
iiclr-17591	1193	2	total	total	ADJ
iiclr-17591	1193	3	volume	volume	NOUN
iiclr-17591	1193	4	of	of	ADP
iiclr-17591	1193	5	italian	italian	ADJ
iiclr-17591	1193	6	over	over	ADP
iiclr-17591	1193	7	-	-	PUNCT
iiclr-17591	1193	8	the	the	DET
iiclr-17591	1193	9	-	-	PUNCT
iiclr-17591	1193	10	counter	counter	NOUN
iiclr-17591	1193	11	trading	trading	NOUN
iiclr-17591	1193	12	amounts	amount	VERB
iiclr-17591	1193	13	to	to	ADP
iiclr-17591	1193	14	a	a	DET
iiclr-17591	1193	15	total	total	NOUN
iiclr-17591	1193	16	of	of	ADP
iiclr-17591	1193	17	about	about	ADV
iiclr-17591	1193	18	one	one	NUM
iiclr-17591	1193	19	trillion	trillion	NUM
iiclr-17591	1193	20	liras	lira	NOUN
iiclr-17591	1194	1	[	[	X
iiclr-17591	1194	2	about	about	ADV
iiclr-17591	1194	3	$	$	SYM
iiclr-17591	1194	4	600	600	NUM
iiclr-17591	1194	5	million	million	NUM
iiclr-17591	1194	6	]	]	PUNCT
iiclr-17591	1194	7	a	a	DET
iiclr-17591	1194	8	year	year	NOUN
iiclr-17591	1194	9	(	(	PUNCT
iiclr-17591	1194	10	enzo	enzo	NOUN
iiclr-17591	1194	11	berlanda	berlanda	NOUN
iiclr-17591	1194	12	,	,	PUNCT
iiclr-17591	1194	13	chairman	chairman	NOUN
iiclr-17591	1194	14	consob	consob	NOUN
iiclr-17591	1194	15	,	,	PUNCT
iiclr-17591	1194	16	quoted	quote	VERB
iiclr-17591	1194	17	in	in	ADP
iiclr-17591	1194	18	giuliano	giuliano	PROPN
iiclr-17591	1194	19	boggiali	boggiali	PROPN
iiclr-17591	1194	20	,	,	PUNCT
iiclr-17591	1194	21	consob	consob	NOUN
iiclr-17591	1194	22	dice	dice	PROPN
iiclr-17591	1194	23	s	s	PROPN
iiclr-17591	1194	24	al	al	PROPN
iiclr-17591	1194	25	nasdaq	nasdaq	PROPN
iiclr-17591	1194	26	,	,	PUNCT
iiclr-17591	1194	27	il	il	PROPN
iiclr-17591	1194	28	sole	sole	ADJ
iiclr-17591	1194	29	24	24	NUM
iiclr-17591	1194	30	ore	ore	NOUN
iiclr-17591	1194	31	,	,	PUNCT
iiclr-17591	1194	32	may	may	AUX
iiclr-17591	1194	33	28	28	NUM
iiclr-17591	1194	34	,	,	PUNCT
iiclr-17591	1194	35	1994	1994	NUM
iiclr-17591	1194	36	,	,	PUNCT
iiclr-17591	1194	37	at	at	ADP
iiclr-17591	1194	38	21	21	NUM
iiclr-17591	1194	39	)	)	PUNCT
iiclr-17591	1194	40	,	,	PUNCT
iiclr-17591	1194	41	and	and	CCONJ
iiclr-17591	1194	42	it	it	PRON
iiclr-17591	1194	43	is	be	AUX
iiclr-17591	1194	44	therefore	therefore	ADV
iiclr-17591	1194	45	negligible	negligible	ADJ
iiclr-17591	1194	46	from	from	ADP
iiclr-17591	1194	47	our	our	PRON
iiclr-17591	1194	48	perspective	perspective	NOUN
iiclr-17591	1194	49	.	.	PUNCT
iiclr-17591	1195	1	we	we	PRON
iiclr-17591	1195	2	can	can	AUX
iiclr-17591	1195	3	then	then	ADV
iiclr-17591	1195	4	fairly	fairly	ADV
iiclr-17591	1195	5	say	say	VERB
iiclr-17591	1195	6	that	that	SCONJ
iiclr-17591	1195	7	only	only	ADV
iiclr-17591	1195	8	three	three	NUM
iiclr-17591	1195	9	ownership	ownership	NOUN
iiclr-17591	1195	10	patterns	pattern	NOUN
iiclr-17591	1195	11	of	of	ADP
iiclr-17591	1195	12	societa	societa	NOUN
iiclr-17591	1195	13	per	per	ADP
iiclr-17591	1195	14	azioni	azioni	PROPN
iiclr-17591	1195	15	exist	exist	VERB
iiclr-17591	1195	16	in	in	ADP
iiclr-17591	1195	17	practice	practice	NOUN
iiclr-17591	1195	18	:	:	PUNCT
iiclr-17591	1195	19	(	(	PUNCT
iiclr-17591	1195	20	a	a	X
iiclr-17591	1195	21	)	)	PUNCT
iiclr-17591	1195	22	the	the	DET
iiclr-17591	1195	23	closely	closely	ADV
iiclr-17591	1195	24	held	hold	VERB
iiclr-17591	1195	25	societa	societa	NOUN
iiclr-17591	1195	26	per	per	ADP
iiclr-17591	1195	27	azioni	azioni	PROPN
iiclr-17591	1195	28	,	,	PUNCT
iiclr-17591	1195	29	where	where	SCONJ
iiclr-17591	1195	30	"	"	PUNCT
iiclr-17591	1195	31	closely	closely	ADV
iiclr-17591	1195	32	held	hold	VERB
iiclr-17591	1195	33	"	"	PUNCT
iiclr-17591	1195	34	means	mean	NOUN
iiclr-17591	1195	35	held	hold	VERB
iiclr-17591	1195	36	by	by	ADP
iiclr-17591	1195	37	very	very	ADV
iiclr-17591	1195	38	few	few	ADJ
iiclr-17591	1195	39	shareholders	shareholder	NOUN
iiclr-17591	1195	40	,	,	PUNCT
iiclr-17591	1195	41	usually	usually	ADV
iiclr-17591	1195	42	less	less	ADJ
iiclr-17591	1195	43	than	than	ADP
iiclr-17591	1195	44	10	10	NUM
iiclr-17591	1195	45	and	and	CCONJ
iiclr-17591	1195	46	strictly	strictly	ADV
iiclr-17591	1195	47	related	relate	VERB
iiclr-17591	1195	48	among	among	ADP
iiclr-17591	1195	49	themselves	themselves	PRON
iiclr-17591	1195	50	;	;	PUNCT
iiclr-17591	1195	51	again	again	ADV
iiclr-17591	1195	52	,	,	PUNCT
iiclr-17591	1195	53	i	i	PRON
iiclr-17591	1195	54	stress	stress	VERB
iiclr-17591	1195	55	that	that	SCONJ
iiclr-17591	1195	56	in	in	ADP
iiclr-17591	1195	57	1995	1995	NUM
iiclr-17591	1195	58	]	]	X
iiclr-17591	1195	59	ind	ind	NOUN
iiclr-17591	1195	60	.	.	PUNCT
iiclr-17591	1196	1	int'l	int'l	PROPN
iiclr-17591	1196	2	&	&	CCONJ
iiclr-17591	1196	3	comp	comp	PROPN
iiclr-17591	1196	4	.	.	PUNCT
iiclr-17591	1197	1	l	l	PROPN
iiclr-17591	1197	2	rev	rev	PROPN
iiclr-17591	1197	3	.	.	PUNCT
iiclr-17591	1198	1	several	several	ADJ
iiclr-17591	1198	2	other	other	ADJ
iiclr-17591	1198	3	factors	factor	NOUN
iiclr-17591	1198	4	,	,	PUNCT
iiclr-17591	1198	5	which	which	PRON
iiclr-17591	1198	6	will	will	AUX
iiclr-17591	1198	7	be	be	AUX
iiclr-17591	1198	8	examined	examine	VERB
iiclr-17591	1198	9	in	in	ADP
iiclr-17591	1198	10	paragraph	paragraph	PROPN
iiclr-17591	1198	11	m.i	m.i	PROPN
iiclr-17591	1198	12	.	.	PROPN
iiclr-17591	1198	13	,	,	PUNCT
iiclr-17591	1198	14	concurred	concur	VERB
iiclr-17591	1198	15	.	.	PUNCT
iiclr-17591	1199	1	unlisted	unlisted	ADJ
iiclr-17591	1199	2	companies	company	NOUN
iiclr-17591	1199	3	are	be	AUX
iiclr-17591	1199	4	usually	usually	ADV
iiclr-17591	1199	5	controlled	control	VERB
iiclr-17591	1199	6	by	by	ADP
iiclr-17591	1199	7	an	an	DET
iiclr-17591	1199	8	individual	individual	ADJ
iiclr-17591	1199	9	shareholder	shareholder	NOUN
iiclr-17591	1199	10	or	or	CCONJ
iiclr-17591	1199	11	by	by	ADP
iiclr-17591	1199	12	a	a	DET
iiclr-17591	1199	13	close	close	ADJ
iiclr-17591	1199	14	group	group	NOUN
iiclr-17591	1199	15	of	of	ADP
iiclr-17591	1199	16	shareholders	shareholder	NOUN
iiclr-17591	1199	17	(	(	PUNCT
iiclr-17591	1199	18	often	often	ADV
iiclr-17591	1199	19	members	member	NOUN
iiclr-17591	1199	20	of	of	ADP
iiclr-17591	1199	21	a	a	DET
iiclr-17591	1199	22	family	family	NOUN
iiclr-17591	1199	23	)	)	PUNCT
iiclr-17591	1199	24	.	.	PUNCT
iiclr-17591	1200	1	typically	typically	ADV
iiclr-17591	1200	2	each	each	DET
iiclr-17591	1200	3	shareholder	shareholder	NOUN
iiclr-17591	1200	4	owns	own	VERB
iiclr-17591	1200	5	a	a	DET
iiclr-17591	1200	6	significant	significant	ADJ
iiclr-17591	1200	7	share	share	NOUN
iiclr-17591	1200	8	of	of	ADP
iiclr-17591	1200	9	the	the	DET
iiclr-17591	1200	10	capital	capital	NOUN
iiclr-17591	1200	11	,	,	PUNCT
iiclr-17591	1200	12	and	and	CCONJ
iiclr-17591	1200	13	a	a	DET
iiclr-17591	1200	14	web	web	NOUN
iiclr-17591	1200	15	of	of	ADP
iiclr-17591	1200	16	shareholders	shareholder	NOUN
iiclr-17591	1200	17	'	'	PART
iiclr-17591	1200	18	agreements	agreement	NOUN
iiclr-17591	1200	19	on	on	ADP
iiclr-17591	1200	20	corporate	corporate	ADJ
iiclr-17591	1200	21	governance	governance	NOUN
iiclr-17591	1200	22	and	and	CCONJ
iiclr-17591	1200	23	of	of	ADP
iiclr-17591	1200	24	restrictions	restriction	NOUN
iiclr-17591	1200	25	on	on	ADP
iiclr-17591	1200	26	transfers	transfer	NOUN
iiclr-17591	1200	27	of	of	ADP
iiclr-17591	1200	28	shares	share	NOUN
iiclr-17591	1200	29	keeps	keep	VERB
iiclr-17591	1200	30	ownership	ownership	NOUN
iiclr-17591	1200	31	firmly	firmly	ADV
iiclr-17591	1200	32	in	in	ADP
iiclr-17591	1200	33	the	the	DET
iiclr-17591	1200	34	hands	hand	NOUN
iiclr-17591	1200	35	of	of	ADP
iiclr-17591	1200	36	the	the	DET
iiclr-17591	1200	37	founding	found	VERB
iiclr-17591	1200	38	group	group	NOUN
iiclr-17591	1200	39	.	.	PUNCT
iiclr-17591	1200	40	"	"	PUNCT
iiclr-17591	1201	1	of	of	ADP
iiclr-17591	1201	2	course	course	NOUN
iiclr-17591	1201	3	,	,	PUNCT
iiclr-17591	1201	4	no	no	DET
iiclr-17591	1201	5	italy	italy	PROPN
iiclr-17591	1201	6	,	,	PUNCT
iiclr-17591	1201	7	a	a	DET
iiclr-17591	1201	8	closely	closely	ADV
iiclr-17591	1201	9	held	hold	VERB
iiclr-17591	1201	10	company	company	NOUN
iiclr-17591	1201	11	does	do	AUX
iiclr-17591	1201	12	not	not	PART
iiclr-17591	1201	13	necessarily	necessarily	ADV
iiclr-17591	1201	14	mean	mean	VERB
iiclr-17591	1201	15	a	a	DET
iiclr-17591	1201	16	small	small	ADJ
iiclr-17591	1201	17	business	business	NOUN
iiclr-17591	1201	18	;	;	PUNCT
iiclr-17591	1201	19	(	(	PUNCT
iiclr-17591	1201	20	b	b	X
iiclr-17591	1201	21	)	)	PUNCT
iiclr-17591	1201	22	the	the	DET
iiclr-17591	1201	23	joint	joint	ADJ
iiclr-17591	1201	24	-	-	PUNCT
iiclr-17591	1201	25	venture	venture	NOUN
iiclr-17591	1201	26	,	,	PUNCT
iiclr-17591	1201	27	or	or	CCONJ
iiclr-17591	1201	28	consortium	consortium	NOUN
iiclr-17591	1201	29	,	,	PUNCT
iiclr-17591	1201	30	with	with	ADP
iiclr-17591	1201	31	the	the	DET
iiclr-17591	1201	32	form	form	NOUN
iiclr-17591	1201	33	of	of	ADP
iiclr-17591	1201	34	societuper	societuper	NOUN
iiclr-17591	1201	35	azioni	azioni	PROPN
iiclr-17591	1201	36	,	,	PUNCT
iiclr-17591	1201	37	whose	whose	DET
iiclr-17591	1201	38	shareholders	shareholder	NOUN
iiclr-17591	1201	39	are	be	AUX
iiclr-17591	1201	40	entrepreneurs	entrepreneur	NOUN
iiclr-17591	1201	41	incorporating	incorporate	VERB
iiclr-17591	1201	42	the	the	DET
iiclr-17591	1201	43	company	company	NOUN
iiclr-17591	1201	44	to	to	PART
iiclr-17591	1201	45	accomplish	accomplish	VERB
iiclr-17591	1201	46	a	a	DET
iiclr-17591	1201	47	specific	specific	ADJ
iiclr-17591	1201	48	task	task	NOUN
iiclr-17591	1201	49	;	;	PUNCT
iiclr-17591	1201	50	the	the	DET
iiclr-17591	1201	51	capital	capital	NOUN
iiclr-17591	1201	52	of	of	ADP
iiclr-17591	1201	53	this	this	DET
iiclr-17591	1201	54	kind	kind	NOUN
iiclr-17591	1201	55	of	of	ADP
iiclr-17591	1201	56	company	company	NOUN
iiclr-17591	1201	57	is	be	AUX
iiclr-17591	1201	58	not	not	PART
iiclr-17591	1201	59	traded	trade	VERB
iiclr-17591	1201	60	,	,	PUNCT
iiclr-17591	1201	61	the	the	DET
iiclr-17591	1201	62	receipt	receipt	NOUN
iiclr-17591	1201	63	of	of	ADP
iiclr-17591	1201	64	dividends	dividend	NOUN
iiclr-17591	1201	65	not	not	PART
iiclr-17591	1201	66	being	be	AUX
iiclr-17591	1201	67	the	the	DET
iiclr-17591	1201	68	primary	primary	ADJ
iiclr-17591	1201	69	goal	goal	NOUN
iiclr-17591	1201	70	of	of	ADP
iiclr-17591	1201	71	shareholders	shareholder	NOUN
iiclr-17591	1201	72	.	.	PUNCT
iiclr-17591	1202	1	in	in	ADP
iiclr-17591	1202	2	many	many	ADJ
iiclr-17591	1202	3	respects	respect	NOUN
iiclr-17591	1202	4	this	this	PRON
iiclr-17591	1202	5	is	be	AUX
iiclr-17591	1202	6	not	not	PART
iiclr-17591	1202	7	a	a	DET
iiclr-17591	1202	8	real	real	ADJ
iiclr-17591	1202	9	,	,	PUNCT
iiclr-17591	1202	10	for	for	ADP
iiclr-17591	1202	11	-	-	PUNCT
iiclr-17591	1202	12	profit	profit	NOUN
iiclr-17591	1202	13	societa	societa	NOUN
iiclr-17591	1202	14	per	per	ADP
iiclr-17591	1202	15	azioni	azioni	PROPN
iiclr-17591	1202	16	and	and	CCONJ
iiclr-17591	1202	17	presents	present	VERB
iiclr-17591	1202	18	peculiar	peculiar	ADJ
iiclr-17591	1202	19	problems	problem	NOUN
iiclr-17591	1202	20	;	;	PUNCT
iiclr-17591	1202	21	(	(	PUNCT
iiclr-17591	1202	22	c	c	X
iiclr-17591	1202	23	)	)	PUNCT
iiclr-17591	1202	24	the	the	DET
iiclr-17591	1202	25	widely	widely	ADV
iiclr-17591	1202	26	held	hold	VERB
iiclr-17591	1202	27	,	,	PUNCT
iiclr-17591	1202	28	listed	list	VERB
iiclr-17591	1202	29	,	,	PUNCT
iiclr-17591	1202	30	societa	societa	NOUN
iiclr-17591	1202	31	per	per	ADP
iiclr-17591	1202	32	azioni	azioni	PROPN
iiclr-17591	1202	33	,	,	PUNCT
iiclr-17591	1202	34	with	with	ADP
iiclr-17591	1202	35	a	a	DET
iiclr-17591	1202	36	clear	clear	ADJ
iiclr-17591	1202	37	subdivision	subdivision	NOUN
iiclr-17591	1202	38	between	between	ADP
iiclr-17591	1202	39	controlling	control	VERB
iiclr-17591	1202	40	shareholders	shareholder	NOUN
iiclr-17591	1202	41	and	and	CCONJ
iiclr-17591	1202	42	passive	passive	ADJ
iiclr-17591	1202	43	investors	investor	NOUN
iiclr-17591	1202	44	(	(	PUNCT
iiclr-17591	1202	45	even	even	ADV
iiclr-17591	1202	46	if	if	SCONJ
iiclr-17591	1202	47	the	the	DET
iiclr-17591	1202	48	relative	relative	ADJ
iiclr-17591	1202	49	quantities	quantity	NOUN
iiclr-17591	1202	50	may	may	AUX
iiclr-17591	1202	51	vary	vary	VERB
iiclr-17591	1202	52	:	:	PUNCT
iiclr-17591	1202	53	see	see	VERB
iiclr-17591	1202	54	infra	infra	NOUN
iiclr-17591	1202	55	paragraphs	paragraph	NOUN
iiclr-17591	1202	56	i	i	PRON
iiclr-17591	1202	57	ve	ve	VERB
iiclr-17591	1202	58	.	.	PUNCT
iiclr-17591	1203	1	to	to	PART
iiclr-17591	1203	2	iv.h	iv.h	VERB
iiclr-17591	1203	3	.	.	PUNCT
iiclr-17591	1203	4	)	)	PUNCT
iiclr-17591	1203	5	.	.	PUNCT
iiclr-17591	1204	1	(	(	PUNCT
iiclr-17591	1204	2	a	a	PRON
iiclr-17591	1204	3	similar	similar	ADJ
iiclr-17591	1204	4	,	,	PUNCT
iiclr-17591	1204	5	but	but	CCONJ
iiclr-17591	1204	6	not	not	PART
iiclr-17591	1204	7	identical	identical	ADJ
iiclr-17591	1204	8	,	,	PUNCT
iiclr-17591	1204	9	three	three	NUM
iiclr-17591	1204	10	-	-	ADJ
iiclr-17591	1204	11	fold	fold	ADJ
iiclr-17591	1204	12	division	division	NOUN
iiclr-17591	1204	13	was	be	AUX
iiclr-17591	1204	14	made	make	VERB
iiclr-17591	1204	15	by	by	ADP
iiclr-17591	1204	16	2	2	NUM
iiclr-17591	1204	17	ascarelli	ascarelli	NOUN
iiclr-17591	1204	18	,	,	PUNCT
iiclr-17591	1204	19	supra	supra	PROPN
iiclr-17591	1204	20	note	note	PROPN
iiclr-17591	1204	21	57	57	NUM
iiclr-17591	1204	22	,	,	PUNCT
iiclr-17591	1204	23	at	at	ADP
iiclr-17591	1204	24	1003	1003	NUM
iiclr-17591	1204	25	-	-	SYM
iiclr-17591	1204	26	07	07	NUM
iiclr-17591	1204	27	.	.	PUNCT
iiclr-17591	1204	28	)	)	PUNCT
iiclr-17591	1205	1	136	136	NUM
iiclr-17591	1205	2	.	.	PUNCT
iiclr-17591	1206	1	restrictions	restriction	NOUN
iiclr-17591	1206	2	on	on	ADP
iiclr-17591	1206	3	transfer	transfer	NOUN
iiclr-17591	1206	4	of	of	ADP
iiclr-17591	1206	5	shares	share	NOUN
iiclr-17591	1206	6	are	be	AUX
iiclr-17591	1206	7	set	set	VERB
iiclr-17591	1206	8	forth	forth	ADV
iiclr-17591	1206	9	in	in	ADP
iiclr-17591	1206	10	clauses	clause	NOUN
iiclr-17591	1206	11	of	of	ADP
iiclr-17591	1206	12	the	the	DET
iiclr-17591	1206	13	charter	charter	NOUN
iiclr-17591	1206	14	or	or	CCONJ
iiclr-17591	1206	15	,	,	PUNCT
iiclr-17591	1206	16	less	less	ADV
iiclr-17591	1206	17	frequently	frequently	ADV
iiclr-17591	1206	18	in	in	ADP
iiclr-17591	1206	19	unlisted	unlisted	ADJ
iiclr-17591	1206	20	companies	company	NOUN
iiclr-17591	1206	21	,	,	PUNCT
iiclr-17591	1206	22	they	they	PRON
iiclr-17591	1206	23	are	be	AUX
iiclr-17591	1206	24	a	a	DET
iiclr-17591	1206	25	part	part	NOUN
iiclr-17591	1206	26	of	of	ADP
iiclr-17591	1206	27	a	a	DET
iiclr-17591	1206	28	broader	broad	ADJ
iiclr-17591	1206	29	shareholders	shareholder	NOUN
iiclr-17591	1206	30	'	'	PART
iiclr-17591	1206	31	agreement	agreement	NOUN
iiclr-17591	1206	32	.	.	PUNCT
iiclr-17591	1207	1	(	(	PUNCT
iiclr-17591	1207	2	transfer	transfer	VERB
iiclr-17591	1207	3	restrictions	restriction	NOUN
iiclr-17591	1207	4	on	on	ADP
iiclr-17591	1207	5	shares	share	NOUN
iiclr-17591	1207	6	of	of	ADP
iiclr-17591	1207	7	listed	list	VERB
iiclr-17591	1207	8	companies	company	NOUN
iiclr-17591	1207	9	can	can	AUX
iiclr-17591	1207	10	only	only	ADV
iiclr-17591	1207	11	be	be	AUX
iiclr-17591	1207	12	set	set	VERB
iiclr-17591	1207	13	forth	forth	ADP
iiclr-17591	1207	14	in	in	ADP
iiclr-17591	1207	15	shareholders	shareholder	NOUN
iiclr-17591	1207	16	'	'	PART
iiclr-17591	1207	17	agreements	agreement	NOUN
iiclr-17591	1207	18	,	,	PUNCT
iiclr-17591	1207	19	free	free	ADJ
iiclr-17591	1207	20	transferability	transferability	NOUN
iiclr-17591	1207	21	of	of	ADP
iiclr-17591	1207	22	shares	share	NOUN
iiclr-17591	1207	23	according	accord	VERB
iiclr-17591	1207	24	to	to	ADP
iiclr-17591	1207	25	the	the	DET
iiclr-17591	1207	26	charter	charter	NOUN
iiclr-17591	1207	27	being	be	AUX
iiclr-17591	1207	28	a	a	DET
iiclr-17591	1207	29	precondition	precondition	NOUN
iiclr-17591	1207	30	for	for	ADP
iiclr-17591	1207	31	a	a	DET
iiclr-17591	1207	32	listing	listing	NOUN
iiclr-17591	1207	33	on	on	ADP
iiclr-17591	1207	34	the	the	DET
iiclr-17591	1207	35	italian	italian	ADJ
iiclr-17591	1207	36	stock	stock	NOUN
iiclr-17591	1207	37	exchange	exchange	NOUN
iiclr-17591	1207	38	:	:	PUNCT
iiclr-17591	1207	39	see	see	VERB
iiclr-17591	1207	40	infra	infra	NOUN
iiclr-17591	1207	41	paragraph	paragraph	NOUN
iiclr-17591	1207	42	iv.g	iv.g	NOUN
iiclr-17591	1207	43	.	.	PUNCT
iiclr-17591	1208	1	the	the	DET
iiclr-17591	1208	2	issue	issue	NOUN
iiclr-17591	1208	3	is	be	AUX
iiclr-17591	1208	4	,	,	PUNCT
iiclr-17591	1208	5	however	however	ADV
iiclr-17591	1208	6	,	,	PUNCT
iiclr-17591	1208	7	more	more	ADV
iiclr-17591	1208	8	complex	complex	ADJ
iiclr-17591	1208	9	than	than	ADP
iiclr-17591	1208	10	this	this	PRON
iiclr-17591	1208	11	,	,	PUNCT
iiclr-17591	1208	12	as	as	SCONJ
iiclr-17591	1208	13	there	there	PRON
iiclr-17591	1208	14	are	be	VERB
iiclr-17591	1208	15	some	some	DET
iiclr-17591	1208	16	exceptions	exception	NOUN
iiclr-17591	1208	17	,	,	PUNCT
iiclr-17591	1208	18	and	and	CCONJ
iiclr-17591	1208	19	ownership	ownership	NOUN
iiclr-17591	1208	20	caps	cap	NOUN
iiclr-17591	1208	21	have	have	AUX
iiclr-17591	1208	22	been	be	AUX
iiclr-17591	1208	23	deemed	deem	VERB
iiclr-17591	1208	24	compatible	compatible	ADJ
iiclr-17591	1208	25	with	with	ADP
iiclr-17591	1208	26	listing	list	VERB
iiclr-17591	1208	27	.	.	PUNCT
iiclr-17591	1208	28	)	)	PUNCT
iiclr-17591	1209	1	restrictions	restriction	NOUN
iiclr-17591	1209	2	on	on	ADP
iiclr-17591	1209	3	transfer	transfer	NOUN
iiclr-17591	1209	4	of	of	ADP
iiclr-17591	1209	5	shares	share	NOUN
iiclr-17591	1209	6	present	present	VERB
iiclr-17591	1209	7	several	several	ADJ
iiclr-17591	1209	8	forms	form	NOUN
iiclr-17591	1209	9	,	,	PUNCT
iiclr-17591	1209	10	and	and	CCONJ
iiclr-17591	1209	11	they	they	PRON
iiclr-17591	1209	12	are	be	AUX
iiclr-17591	1209	13	often	often	ADV
iiclr-17591	1209	14	extremely	extremely	ADV
iiclr-17591	1209	15	complex	complex	ADJ
iiclr-17591	1209	16	.	.	PUNCT
iiclr-17591	1210	1	on	on	ADP
iiclr-17591	1210	2	the	the	DET
iiclr-17591	1210	3	basis	basis	NOUN
iiclr-17591	1210	4	of	of	ADP
iiclr-17591	1210	5	their	their	PRON
iiclr-17591	1210	6	structure	structure	NOUN
iiclr-17591	1210	7	,	,	PUNCT
iiclr-17591	1210	8	it	it	PRON
iiclr-17591	1210	9	is	be	AUX
iiclr-17591	1210	10	possible	possible	ADJ
iiclr-17591	1210	11	to	to	PART
iiclr-17591	1210	12	single	single	VERB
iiclr-17591	1210	13	out	out	ADP
iiclr-17591	1210	14	five	five	NUM
iiclr-17591	1210	15	basic	basic	ADJ
iiclr-17591	1210	16	kinds	kind	NOUN
iiclr-17591	1210	17	of	of	ADP
iiclr-17591	1210	18	clauses	clause	NOUN
iiclr-17591	1210	19	limiting	limit	VERB
iiclr-17591	1210	20	the	the	DET
iiclr-17591	1210	21	free	free	ADJ
iiclr-17591	1210	22	transfer	transfer	NOUN
iiclr-17591	1210	23	of	of	ADP
iiclr-17591	1210	24	shares	share	NOUN
iiclr-17591	1210	25	:	:	PUNCT
iiclr-17591	1210	26	(	(	PUNCT
iiclr-17591	1210	27	a	a	X
iiclr-17591	1210	28	)	)	PUNCT
iiclr-17591	1210	29	clauses	clause	NOUN
iiclr-17591	1210	30	requiring	require	VERB
iiclr-17591	1210	31	the	the	DET
iiclr-17591	1210	32	transfer	transfer	NOUN
iiclr-17591	1210	33	be	be	AUX
iiclr-17591	1210	34	approved	approve	VERB
iiclr-17591	1210	35	before	before	SCONJ
iiclr-17591	1210	36	it	it	PRON
iiclr-17591	1210	37	can	can	AUX
iiclr-17591	1210	38	take	take	VERB
iiclr-17591	1210	39	effect	effect	NOUN
iiclr-17591	1210	40	for	for	ADP
iiclr-17591	1210	41	the	the	DET
iiclr-17591	1210	42	company	company	NOUN
iiclr-17591	1210	43	.	.	PUNCT
iiclr-17591	1211	1	the	the	DET
iiclr-17591	1211	2	distinctive	distinctive	ADJ
iiclr-17591	1211	3	feature	feature	NOUN
iiclr-17591	1211	4	of	of	ADP
iiclr-17591	1211	5	this	this	DET
iiclr-17591	1211	6	first	first	ADJ
iiclr-17591	1211	7	kind	kind	NOUN
iiclr-17591	1211	8	of	of	ADP
iiclr-17591	1211	9	restriction	restriction	NOUN
iiclr-17591	1211	10	is	be	AUX
iiclr-17591	1211	11	that	that	SCONJ
iiclr-17591	1211	12	the	the	DET
iiclr-17591	1211	13	transfer	transfer	NOUN
iiclr-17591	1211	14	may	may	AUX
iiclr-17591	1211	15	not	not	PART
iiclr-17591	1211	16	take	take	VERB
iiclr-17591	1211	17	effect	effect	NOUN
iiclr-17591	1211	18	for	for	ADP
iiclr-17591	1211	19	the	the	DET
iiclr-17591	1211	20	company	company	NOUN
iiclr-17591	1211	21	unless	unless	SCONJ
iiclr-17591	1211	22	discretionary	discretionary	ADJ
iiclr-17591	1211	23	approval	approval	NOUN
iiclr-17591	1211	24	is	be	AUX
iiclr-17591	1211	25	given	give	VERB
iiclr-17591	1211	26	.	.	PUNCT
iiclr-17591	1212	1	approval	approval	NOUN
iiclr-17591	1212	2	is	be	AUX
iiclr-17591	1212	3	usually	usually	ADV
iiclr-17591	1212	4	the	the	DET
iiclr-17591	1212	5	prerogative	prerogative	NOUN
iiclr-17591	1212	6	of	of	ADP
iiclr-17591	1212	7	the	the	DET
iiclr-17591	1212	8	board	board	NOUN
iiclr-17591	1212	9	of	of	ADP
iiclr-17591	1212	10	directors	director	NOUN
iiclr-17591	1212	11	or	or	CCONJ
iiclr-17591	1212	12	of	of	ADP
iiclr-17591	1212	13	the	the	DET
iiclr-17591	1212	14	majority	majority	NOUN
iiclr-17591	1212	15	of	of	ADP
iiclr-17591	1212	16	the	the	DET
iiclr-17591	1212	17	shareholders	shareholder	NOUN
iiclr-17591	1212	18	(	(	PUNCT
iiclr-17591	1212	19	including	include	VERB
iiclr-17591	1212	20	the	the	DET
iiclr-17591	1212	21	shareholder	shareholder	NOUN
iiclr-17591	1212	22	who	who	PRON
iiclr-17591	1212	23	sells	sell	VERB
iiclr-17591	1212	24	:	:	PUNCT
iiclr-17591	1212	25	it	it	PRON
iiclr-17591	1212	26	is	be	AUX
iiclr-17591	1212	27	not	not	PART
iiclr-17591	1212	28	as	as	ADV
iiclr-17591	1212	29	such	such	DET
iiclr-17591	1212	30	an	an	DET
iiclr-17591	1212	31	antitakeover	antitakeover	ADJ
iiclr-17591	1212	32	device	device	NOUN
iiclr-17591	1212	33	similar	similar	ADJ
iiclr-17591	1212	34	in	in	ADP
iiclr-17591	1212	35	effect	effect	NOUN
iiclr-17591	1212	36	to	to	ADP
iiclr-17591	1212	37	the	the	DET
iiclr-17591	1212	38	"	"	PUNCT
iiclr-17591	1212	39	control	control	NOUN
iiclr-17591	1212	40	share	share	NOUN
iiclr-17591	1212	41	acquisition	acquisition	NOUN
iiclr-17591	1212	42	statute	statute	NOUN
iiclr-17591	1212	43	"	"	PUNCT
iiclr-17591	1212	44	analyzed	analyze	VERB
iiclr-17591	1212	45	by	by	ADP
iiclr-17591	1212	46	ronald	ronald	PROPN
iiclr-17591	1212	47	j.	j.	PROPN
iiclr-17591	1212	48	gilson	gilson	PROPN
iiclr-17591	1212	49	&	&	CCONJ
iiclr-17591	1212	50	bernard	bernard	PROPN
iiclr-17591	1212	51	s.	s.	PROPN
iiclr-17591	1212	52	black	black	PROPN
iiclr-17591	1212	53	,	,	PUNCT
iiclr-17591	1212	54	the	the	DET
iiclr-17591	1212	55	law	law	NOUN
iiclr-17591	1212	56	and	and	CCONJ
iiclr-17591	1212	57	finance	finance	NOUN
iiclr-17591	1212	58	of	of	ADP
iiclr-17591	1212	59	corporate	corporate	ADJ
iiclr-17591	1212	60	acquisitions	acquisition	NOUN
iiclr-17591	1212	61	601	601	NUM
iiclr-17591	1212	62	-	-	SYM
iiclr-17591	1212	63	02	02	NUM
iiclr-17591	1212	64	(	(	PUNCT
iiclr-17591	1212	65	supp	supp	PROPN
iiclr-17591	1212	66	.	.	PUNCT
iiclr-17591	1212	67	1993	1993	NUM
iiclr-17591	1212	68	)	)	PUNCT
iiclr-17591	1212	69	,	,	PUNCT
iiclr-17591	1212	70	for	for	SCONJ
iiclr-17591	1212	71	it	it	PRON
iiclr-17591	1212	72	has	have	VERB
iiclr-17591	1212	73	an	an	DET
iiclr-17591	1212	74	antitakeover	antitakeover	ADJ
iiclr-17591	1212	75	effect	effect	NOUN
iiclr-17591	1212	76	only	only	ADV
iiclr-17591	1212	77	in	in	ADP
iiclr-17591	1212	78	the	the	DET
iiclr-17591	1212	79	rare	rare	ADJ
iiclr-17591	1212	80	cases	case	NOUN
iiclr-17591	1212	81	in	in	ADP
iiclr-17591	1212	82	which	which	PRON
iiclr-17591	1212	83	the	the	DET
iiclr-17591	1212	84	controlling	control	VERB
iiclr-17591	1212	85	group	group	NOUN
iiclr-17591	1212	86	has	have	VERB
iiclr-17591	1212	87	less	less	ADJ
iiclr-17591	1212	88	than	than	ADP
iiclr-17591	1212	89	the	the	DET
iiclr-17591	1212	90	absolute	absolute	ADJ
iiclr-17591	1212	91	majority	majority	NOUN
iiclr-17591	1212	92	)	)	PUNCT
iiclr-17591	1212	93	.	.	PUNCT
iiclr-17591	1213	1	the	the	DET
iiclr-17591	1213	2	court	court	NOUN
iiclr-17591	1213	3	of	of	ADP
iiclr-17591	1213	4	cassation	cassation	NOUN
iiclr-17591	1213	5	,	,	PUNCT
iiclr-17591	1213	6	reversing	reverse	VERB
iiclr-17591	1213	7	a	a	DET
iiclr-17591	1213	8	well	well	ADV
iiclr-17591	1213	9	-	-	PUNCT
iiclr-17591	1213	10	established	establish	VERB
iiclr-17591	1213	11	trend	trend	NOUN
iiclr-17591	1213	12	,	,	PUNCT
iiclr-17591	1213	13	ruled	rule	VERB
iiclr-17591	1213	14	in	in	ADP
iiclr-17591	1213	15	1978	1978	NUM
iiclr-17591	1213	16	that	that	DET
iiclr-17591	1213	17	consent	consent	NOUN
iiclr-17591	1213	18	or	or	CCONJ
iiclr-17591	1213	19	denial	denial	NOUN
iiclr-17591	1213	20	can	can	AUX
iiclr-17591	1213	21	not	not	PART
iiclr-17591	1213	22	be	be	AUX
iiclr-17591	1213	23	absolutely	absolutely	ADV
iiclr-17591	1213	24	discretionary	discretionary	ADJ
iiclr-17591	1213	25	(	(	PUNCT
iiclr-17591	1213	26	judgment	judgment	NOUN
iiclr-17591	1213	27	of	of	ADP
iiclr-17591	1213	28	may	may	PROPN
iiclr-17591	1213	29	15	15	NUM
iiclr-17591	1213	30	,	,	PUNCT
iiclr-17591	1213	31	1978	1978	NUM
iiclr-17591	1213	32	,	,	PUNCT
iiclr-17591	1213	33	no	no	INTJ
iiclr-17591	1213	34	.	.	NOUN
iiclr-17591	1213	35	2365	2365	NUM
iiclr-17591	1213	36	,	,	PUNCT
iiclr-17591	1213	37	cass	cass	PROPN
iiclr-17591	1213	38	.	.	PUNCT
iiclr-17591	1213	39	civ	civ	PROPN
iiclr-17591	1213	40	.	.	PROPN
iiclr-17591	1213	41	,	,	PUNCT
iiclr-17591	1213	42	1978	1978	NUM
iiclr-17591	1213	43	giurisprudenza	giurisprudenza	NOUN
iiclr-17591	1213	44	commeraale	commeraale	ADJ
iiclr-17591	1213	45	1	1	NUM
iiclr-17591	1213	46	,	,	PUNCT
iiclr-17591	1213	47	639	639	NUM
iiclr-17591	1213	48	)	)	PUNCT
iiclr-17591	1213	49	,	,	PUNCT
iiclr-17591	1213	50	and	and	CCONJ
iiclr-17591	1213	51	the	the	DET
iiclr-17591	1213	52	standard	standard	NOUN
iiclr-17591	1213	53	established	establish	VERB
iiclr-17591	1213	54	by	by	ADP
iiclr-17591	1213	55	the	the	DET
iiclr-17591	1213	56	court	court	NOUN
iiclr-17591	1213	57	of	of	ADP
iiclr-17591	1213	58	cassation	cassation	NOUN
iiclr-17591	1213	59	seems	seem	VERB
iiclr-17591	1213	60	to	to	PART
iiclr-17591	1213	61	have	have	AUX
iiclr-17591	1213	62	been	be	AUX
iiclr-17591	1213	63	written	write	VERB
iiclr-17591	1213	64	into	into	ADP
iiclr-17591	1213	65	law	law	NOUN
iiclr-17591	1213	66	by	by	ADP
iiclr-17591	1213	67	art	art	NOUN
iiclr-17591	1213	68	.	.	PUNCT
iiclr-17591	1214	1	22	22	NUM
iiclr-17591	1214	2	,	,	PUNCT
iiclr-17591	1214	3	law	law	NOUN
iiclr-17591	1214	4	of	of	ADP
iiclr-17591	1214	5	june	june	PROPN
iiclr-17591	1214	6	4	4	NUM
iiclr-17591	1214	7	,	,	PUNCT
iiclr-17591	1214	8	1985	1985	NUM
iiclr-17591	1214	9	,	,	PUNCT
iiclr-17591	1214	10	no	no	INTJ
iiclr-17591	1214	11	.	.	NOUN
iiclr-17591	1214	12	281	281	NUM
iiclr-17591	1214	13	.	.	PUNCT
iiclr-17591	1215	1	the	the	DET
iiclr-17591	1215	2	amount	amount	NOUN
iiclr-17591	1215	3	of	of	ADP
iiclr-17591	1215	4	discretion	discretion	NOUN
iiclr-17591	1215	5	deemed	deem	VERB
iiclr-17591	1215	6	acceptable	acceptable	ADJ
iiclr-17591	1215	7	,	,	PUNCT
iiclr-17591	1215	8	however	however	ADV
iiclr-17591	1215	9	,	,	PUNCT
iiclr-17591	1215	10	is	be	AUX
iiclr-17591	1215	11	still	still	ADV
iiclr-17591	1215	12	far	far	ADV
iiclr-17591	1215	13	from	from	ADP
iiclr-17591	1215	14	clear	clear	ADJ
iiclr-17591	1215	15	.	.	PUNCT
iiclr-17591	1216	1	(	(	PUNCT
iiclr-17591	1216	2	b	b	X
iiclr-17591	1216	3	)	)	PUNCT
iiclr-17591	1216	4	clauses	clause	NOUN
iiclr-17591	1216	5	giving	give	VERB
iiclr-17591	1216	6	a	a	DET
iiclr-17591	1216	7	"	"	PUNCT
iiclr-17591	1216	8	power	power	NOUN
iiclr-17591	1216	9	offirst	offirst	NOUN
iiclr-17591	1216	10	refusal	refusal	NOUN
iiclr-17591	1216	11	"	"	PUNCT
iiclr-17591	1216	12	to	to	ADP
iiclr-17591	1216	13	shareholders	shareholder	NOUN
iiclr-17591	1216	14	.	.	PUNCT
iiclr-17591	1217	1	this	this	DET
iiclr-17591	1217	2	clause	clause	NOUN
iiclr-17591	1217	3	gives	give	VERB
iiclr-17591	1217	4	to	to	ADP
iiclr-17591	1217	5	a	a	DET
iiclr-17591	1217	6	group	group	NOUN
iiclr-17591	1217	7	of	of	ADP
iiclr-17591	1217	8	insiders	insider	NOUN
iiclr-17591	1217	9	,	,	PUNCT
iiclr-17591	1217	10	typically	typically	ADV
iiclr-17591	1217	11	the	the	DET
iiclr-17591	1217	12	remaining	remain	VERB
iiclr-17591	1217	13	shareholders	shareholder	NOUN
iiclr-17591	1217	14	,	,	PUNCT
iiclr-17591	1217	15	the	the	DET
iiclr-17591	1217	16	right	right	NOUN
iiclr-17591	1217	17	to	to	PART
iiclr-17591	1217	18	acquire	acquire	VERB
iiclr-17591	1217	19	pro	pro	ADJ
iiclr-17591	1217	20	-	-	ADJ
iiclr-17591	1217	21	rata	rata	ADJ
iiclr-17591	1217	22	the	the	DET
iiclr-17591	1217	23	shares	share	NOUN
iiclr-17591	1217	24	of	of	ADP
iiclr-17591	1217	25	the	the	DET
iiclr-17591	1217	26	selling	selling	NOUN
iiclr-17591	1217	27	shareholder	shareholder	NOUN
iiclr-17591	1217	28	,	,	PUNCT
iiclr-17591	1217	29	with	with	ADP
iiclr-17591	1217	30	preference	preference	NOUN
iiclr-17591	1217	31	over	over	ADP
iiclr-17591	1217	32	the	the	DET
iiclr-17591	1217	33	prospective	prospective	ADJ
iiclr-17591	1217	34	buyer	buyer	NOUN
iiclr-17591	1217	35	chosen	choose	VERB
iiclr-17591	1217	36	by	by	ADP
iiclr-17591	1217	37	the	the	DET
iiclr-17591	1217	38	selling	selling	NOUN
iiclr-17591	1217	39	shareholder	shareholder	NOUN
iiclr-17591	1217	40	.	.	PUNCT
iiclr-17591	1218	1	the	the	DET
iiclr-17591	1218	2	purchase	purchase	NOUN
iiclr-17591	1218	3	price	price	NOUN
iiclr-17591	1218	4	is	be	AUX
iiclr-17591	1218	5	usually	usually	ADV
iiclr-17591	1218	6	equal	equal	ADJ
iiclr-17591	1218	7	to	to	ADP
iiclr-17591	1218	8	the	the	DET
iiclr-17591	1218	9	amount	amount	NOUN
iiclr-17591	1218	10	agreed	agree	VERB
iiclr-17591	1218	11	upon	upon	SCONJ
iiclr-17591	1218	12	by	by	ADP
iiclr-17591	1218	13	the	the	DET
iiclr-17591	1218	14	selling	sell	VERB
iiclr-17591	1218	15	shareholder	shareholder	NOUN
iiclr-17591	1218	16	and	and	CCONJ
iiclr-17591	1218	17	the	the	DET
iiclr-17591	1218	18	buyer	buyer	NOUN
iiclr-17591	1218	19	;	;	PUNCT
iiclr-17591	1218	20	sometimes	sometimes	ADV
iiclr-17591	1218	21	the	the	DET
iiclr-17591	1218	22	price	price	NOUN
iiclr-17591	1218	23	is	be	AUX
iiclr-17591	1218	24	directly	directly	ADV
iiclr-17591	1218	25	or	or	CCONJ
iiclr-17591	1218	26	indirectly	indirectly	ADV
iiclr-17591	1218	27	determined	determine	VERB
iiclr-17591	1218	28	by	by	ADP
iiclr-17591	1218	29	the	the	DET
iiclr-17591	1218	30	charter	charter	NOUN
iiclr-17591	1218	31	,	,	PUNCT
iiclr-17591	1218	32	in	in	ADP
iiclr-17591	1218	33	which	which	DET
iiclr-17591	1218	34	case	case	NOUN
iiclr-17591	1218	35	,	,	PUNCT
iiclr-17591	1218	36	in	in	ADP
iiclr-17591	1218	37	my	my	PRON
iiclr-17591	1218	38	opinion	opinion	NOUN
iiclr-17591	1218	39	,	,	PUNCT
iiclr-17591	1218	40	the	the	DET
iiclr-17591	1218	41	clause	clause	NOUN
iiclr-17591	1218	42	becomes	become	VERB
iiclr-17591	1218	43	closer	close	ADJ
iiclr-17591	1218	44	to	to	ADP
iiclr-17591	1218	45	a	a	DET
iiclr-17591	1218	46	repurchase	repurchase	NOUN
iiclr-17591	1218	47	clause	clause	NOUN
iiclr-17591	1218	48	(	(	PUNCT
iiclr-17591	1218	49	see	see	VERB
iiclr-17591	1218	50	infra	infra	NOUN
iiclr-17591	1218	51	)	)	PUNCT
iiclr-17591	1218	52	.	.	PUNCT
iiclr-17591	1219	1	the	the	DET
iiclr-17591	1219	2	right	right	NOUN
iiclr-17591	1219	3	of	of	ADP
iiclr-17591	1219	4	first	first	ADJ
iiclr-17591	1219	5	refusal	refusal	NOUN
iiclr-17591	1219	6	clause	clause	NOUN
iiclr-17591	1219	7	is	be	AUX
iiclr-17591	1219	8	extremely	extremely	ADV
iiclr-17591	1219	9	common	common	ADJ
iiclr-17591	1219	10	and	and	CCONJ
iiclr-17591	1219	11	heavily	heavily	ADV
iiclr-17591	1219	12	litigated	litigate	VERB
iiclr-17591	1219	13	for	for	ADP
iiclr-17591	1219	14	the	the	DET
iiclr-17591	1219	15	following	follow	VERB
iiclr-17591	1219	16	main	main	ADJ
iiclr-17591	1219	17	reasons	reason	NOUN
iiclr-17591	1219	18	:	:	PUNCT
iiclr-17591	1219	19	(	(	PUNCT
iiclr-17591	1219	20	i	i	NOUN
iiclr-17591	1219	21	)	)	PUNCT
iiclr-17591	1219	22	it	it	PRON
iiclr-17591	1219	23	is	be	AUX
iiclr-17591	1219	24	(	(	PUNCT
iiclr-17591	1219	25	questionably	questionably	ADV
iiclr-17591	1219	26	)	)	PUNCT
iiclr-17591	1219	27	immune	immune	ADJ
iiclr-17591	1219	28	from	from	ADP
iiclr-17591	1219	29	judicial	judicial	ADJ
iiclr-17591	1219	30	criticism	criticism	NOUN
iiclr-17591	1219	31	,	,	PUNCT
iiclr-17591	1219	32	unlike	unlike	ADP
iiclr-17591	1219	33	the	the	DET
iiclr-17591	1219	34	clause	clause	NOUN
iiclr-17591	1219	35	requiring	require	VERB
iiclr-17591	1219	36	that	that	SCONJ
iiclr-17591	1219	37	the	the	DET
iiclr-17591	1219	38	transfer	transfer	NOUN
iiclr-17591	1219	39	be	be	AUX
iiclr-17591	1219	40	approved	approve	VERB
iiclr-17591	1219	41	(	(	PUNCT
iiclr-17591	1219	42	whose	whose	DET
iiclr-17591	1219	43	role	role	NOUN
iiclr-17591	1219	44	it	it	PRON
iiclr-17591	1219	45	has	have	AUX
iiclr-17591	1219	46	partly	partly	ADV
iiclr-17591	1219	47	taken	take	VERB
iiclr-17591	1219	48	over	over	ADP
iiclr-17591	1219	49	in	in	ADP
iiclr-17591	1219	50	limiting	limit	VERB
iiclr-17591	1219	51	the	the	DET
iiclr-17591	1219	52	free	free	ADJ
iiclr-17591	1219	53	transfer	transfer	NOUN
iiclr-17591	1219	54	of	of	ADP
iiclr-17591	1219	55	shares	share	NOUN
iiclr-17591	1219	56	)	)	PUNCT
iiclr-17591	1219	57	,	,	PUNCT
iiclr-17591	1219	58	and	and	CCONJ
iiclr-17591	1219	59	(	(	PUNCT
iiclr-17591	1219	60	2	2	NUM
iiclr-17591	1219	61	)	)	PUNCT
iiclr-17591	1219	62	by	by	ADP
iiclr-17591	1219	63	its	its	PRON
iiclr-17591	1219	64	very	very	ADJ
iiclr-17591	1219	65	structure	structure	NOUN
iiclr-17591	1219	66	and	and	CCONJ
iiclr-17591	1219	67	not	not	PART
iiclr-17591	1219	68	in	in	ADP
iiclr-17591	1219	69	consequence	consequence	NOUN
iiclr-17591	1219	70	of	of	ADP
iiclr-17591	1219	71	the	the	DET
iiclr-17591	1219	72	dispersion	dispersion	NOUN
iiclr-17591	1219	73	of	of	ADP
iiclr-17591	1219	74	shareholders	shareholder	NOUN
iiclr-17591	1219	75	,	,	PUNCT
iiclr-17591	1219	76	it	it	PRON
iiclr-17591	1219	77	is	be	AUX
iiclr-17591	1219	78	the	the	DET
iiclr-17591	1219	79	only	only	ADJ
iiclr-17591	1219	80	clause	clause	NOUN
iiclr-17591	1219	81	that	that	PRON
iiclr-17591	1219	82	gives	give	VERB
iiclr-17591	1219	83	the	the	DET
iiclr-17591	1219	84	minority	minority	NOUN
iiclr-17591	1219	85	the	the	DET
iiclr-17591	1219	86	power	power	NOUN
iiclr-17591	1219	87	to	to	PART
iiclr-17591	1219	88	react	react	VERB
iiclr-17591	1219	89	when	when	SCONJ
iiclr-17591	1219	90	controlling	controlling	NOUN
iiclr-17591	1219	91	shares	share	NOUN
iiclr-17591	1219	92	are	be	AUX
iiclr-17591	1219	93	sold	sell	VERB
iiclr-17591	1219	94	.	.	PUNCT
iiclr-17591	1220	1	[	[	X
iiclr-17591	1220	2	vol	vol	NOUN
iiclr-17591	1220	3	.	.	PUNCT
iiclr-17591	1221	1	6:1	6:1	NUM
iiclr-17591	1221	2	corporate	corporate	ADJ
iiclr-17591	1221	3	governance	governance	NOUN
iiclr-17591	1221	4	in	in	ADP
iiclr-17591	1221	5	italy	italy	PROPN
iiclr-17591	1221	6	market	market	NOUN
iiclr-17591	1221	7	for	for	ADP
iiclr-17591	1221	8	shares	share	NOUN
iiclr-17591	1221	9	of	of	ADP
iiclr-17591	1221	10	such	such	ADJ
iiclr-17591	1221	11	companies	company	NOUN
iiclr-17591	1221	12	exists	exist	VERB
iiclr-17591	1221	13	.	.	PUNCT
iiclr-17591	1222	1	small	small	ADJ
iiclr-17591	1222	2	-	-	PUNCT
iiclr-17591	1222	3	medium	medium	NOUN
iiclr-17591	1222	4	companies	company	NOUN
iiclr-17591	1222	5	are	be	AUX
iiclr-17591	1222	6	usually	usually	ADV
iiclr-17591	1222	7	the	the	DET
iiclr-17591	1222	8	product	product	NOUN
iiclr-17591	1222	9	of	of	ADP
iiclr-17591	1222	10	the	the	DET
iiclr-17591	1222	11	effort	effort	NOUN
iiclr-17591	1222	12	of	of	ADP
iiclr-17591	1222	13	an	an	DET
iiclr-17591	1222	14	individual	individual	NOUN
iiclr-17591	1222	15	,	,	PUNCT
iiclr-17591	1222	16	or	or	CCONJ
iiclr-17591	1222	17	of	of	ADP
iiclr-17591	1222	18	ajoint	ajoint	ADJ
iiclr-17591	1222	19	effort	effort	NOUN
iiclr-17591	1222	20	of	of	ADP
iiclr-17591	1222	21	closely	closely	ADV
iiclr-17591	1222	22	related	relate	VERB
iiclr-17591	1222	23	people	people	NOUN
iiclr-17591	1222	24	.	.	PUNCT
iiclr-17591	1223	1	their	their	PRON
iiclr-17591	1223	2	ownership	ownership	NOUN
iiclr-17591	1223	3	structure	structure	NOUN
iiclr-17591	1223	4	tends	tend	VERB
iiclr-17591	1223	5	to	to	PART
iiclr-17591	1223	6	be	be	AUX
iiclr-17591	1223	7	absolutely	absolutely	ADV
iiclr-17591	1223	8	homogeneous	homogeneous	ADJ
iiclr-17591	1223	9	.	.	PUNCT
iiclr-17591	1224	1	shareholders	shareholder	NOUN
iiclr-17591	1224	2	are	be	AUX
iiclr-17591	1224	3	directly	directly	ADV
iiclr-17591	1224	4	interested	interested	ADJ
iiclr-17591	1224	5	in	in	ADP
iiclr-17591	1224	6	the	the	DET
iiclr-17591	1224	7	firm	firm	NOUN
iiclr-17591	1224	8	'	'	PUNCT
iiclr-17591	1224	9	"	"	PUNCT
iiclr-17591	1224	10	and	and	CCONJ
iiclr-17591	1224	11	sometimes	sometimes	ADV
iiclr-17591	1224	12	are	be	AUX
iiclr-17591	1224	13	shareholders	shareholder	NOUN
iiclr-17591	1224	14	of	of	ADP
iiclr-17591	1224	15	a	a	DET
iiclr-17591	1224	16	company	company	NOUN
iiclr-17591	1224	17	exercising	exercise	VERB
iiclr-17591	1224	18	a	a	DET
iiclr-17591	1224	19	related	related	ADJ
iiclr-17591	1224	20	activity	activity	NOUN
iiclr-17591	1224	21	.	.	PUNCT
iiclr-17591	1225	1	(	(	PUNCT
iiclr-17591	1225	2	c	c	X
iiclr-17591	1225	3	)	)	PUNCT
iiclr-17591	1225	4	clauses	clause	NOUN
iiclr-17591	1225	5	requiring	require	VERB
iiclr-17591	1225	6	that	that	SCONJ
iiclr-17591	1225	7	shareholders	shareholder	NOUN
iiclr-17591	1225	8	have	have	VERB
iiclr-17591	1225	9	personal	personal	ADJ
iiclr-17591	1225	10	qualities	quality	NOUN
iiclr-17591	1225	11	.	.	PUNCT
iiclr-17591	1226	1	such	such	ADJ
iiclr-17591	1226	2	clauses	clause	NOUN
iiclr-17591	1226	3	give	give	VERB
iiclr-17591	1226	4	effect	effect	NOUN
iiclr-17591	1226	5	to	to	ADP
iiclr-17591	1226	6	transfers	transfer	NOUN
iiclr-17591	1226	7	only	only	ADV
iiclr-17591	1226	8	if	if	SCONJ
iiclr-17591	1226	9	the	the	DET
iiclr-17591	1226	10	purchaser	purchaser	NOUN
iiclr-17591	1226	11	possesses	possess	VERB
iiclr-17591	1226	12	specific	specific	ADJ
iiclr-17591	1226	13	qualities	quality	NOUN
iiclr-17591	1226	14	,	,	PUNCT
iiclr-17591	1226	15	e.g.	e.g.	ADV
iiclr-17591	1226	16	,	,	PUNCT
iiclr-17591	1226	17	possesses	possess	VERB
iiclr-17591	1226	18	a	a	DET
iiclr-17591	1226	19	certain	certain	ADJ
iiclr-17591	1226	20	professional	professional	ADJ
iiclr-17591	1226	21	diplomaor	diplomaor	NOUN
iiclr-17591	1226	22	is	be	AUX
iiclr-17591	1226	23	engaged	engage	VERB
iiclr-17591	1226	24	in	in	ADP
iiclr-17591	1226	25	a	a	DET
iiclr-17591	1226	26	particular	particular	ADJ
iiclr-17591	1226	27	industry	industry	NOUN
iiclr-17591	1226	28	.	.	PUNCT
iiclr-17591	1227	1	they	they	PRON
iiclr-17591	1227	2	are	be	AUX
iiclr-17591	1227	3	common	common	ADJ
iiclr-17591	1227	4	in	in	ADP
iiclr-17591	1227	5	professional	professional	ADJ
iiclr-17591	1227	6	companies	company	NOUN
iiclr-17591	1227	7	(	(	PUNCT
iiclr-17591	1227	8	e.g.	e.g.	ADV
iiclr-17591	1227	9	,	,	PUNCT
iiclr-17591	1227	10	engineering	engineering	NOUN
iiclr-17591	1227	11	companies	company	NOUN
iiclr-17591	1227	12	)	)	PUNCT
iiclr-17591	1227	13	and	and	CCONJ
iiclr-17591	1227	14	in	in	ADP
iiclr-17591	1227	15	consortium	consortium	NOUN
iiclr-17591	1227	16	-	-	PUNCT
iiclr-17591	1227	17	like	like	ADJ
iiclr-17591	1227	18	companies	company	NOUN
iiclr-17591	1227	19	(	(	PUNCT
iiclr-17591	1227	20	i.e.	i.e.	X
iiclr-17591	1227	21	,	,	PUNCT
iiclr-17591	1227	22	joint	joint	ADJ
iiclr-17591	1227	23	-	-	PUNCT
iiclr-17591	1227	24	ventures	venture	NOUN
iiclr-17591	1227	25	among	among	ADP
iiclr-17591	1227	26	a	a	DET
iiclr-17591	1227	27	wide	wide	ADJ
iiclr-17591	1227	28	group	group	NOUN
iiclr-17591	1227	29	of	of	ADP
iiclr-17591	1227	30	firms	firm	NOUN
iiclr-17591	1227	31	achieving	achieve	VERB
iiclr-17591	1227	32	economies	economy	NOUN
iiclr-17591	1227	33	or	or	CCONJ
iiclr-17591	1227	34	setting	set	VERB
iiclr-17591	1227	35	up	up	ADP
iiclr-17591	1227	36	a	a	DET
iiclr-17591	1227	37	common	common	ADJ
iiclr-17591	1227	38	service	service	NOUN
iiclr-17591	1227	39	)	)	PUNCT
iiclr-17591	1227	40	.	.	PUNCT
iiclr-17591	1228	1	these	these	DET
iiclr-17591	1228	2	clauses	clause	NOUN
iiclr-17591	1228	3	may	may	AUX
iiclr-17591	1228	4	also	also	ADV
iiclr-17591	1228	5	appear	appear	VERB
iiclr-17591	1228	6	elsewhere	elsewhere	ADV
iiclr-17591	1228	7	asan	asan	ADJ
iiclr-17591	1228	8	integrative	integrative	ADJ
iiclr-17591	1228	9	,	,	PUNCT
iiclr-17591	1228	10	rarely	rarely	ADV
iiclr-17591	1228	11	exclusive	exclusive	ADJ
iiclr-17591	1228	12	device	device	NOUN
iiclr-17591	1228	13	meant	mean	VERB
iiclr-17591	1228	14	to	to	PART
iiclr-17591	1228	15	control	control	VERB
iiclr-17591	1228	16	ownership	ownership	NOUN
iiclr-17591	1228	17	.	.	PUNCT
iiclr-17591	1229	1	they	they	PRON
iiclr-17591	1229	2	are	be	AUX
iiclr-17591	1229	3	generally	generally	ADV
iiclr-17591	1229	4	considered	consider	VERB
iiclr-17591	1229	5	unproblematic	unproblematic	ADJ
iiclr-17591	1229	6	.	.	PUNCT
iiclr-17591	1230	1	(	(	PUNCT
iiclr-17591	1230	2	d	d	X
iiclr-17591	1230	3	)	)	PUNCT
iiclr-17591	1230	4	clauses	clause	NOUN
iiclr-17591	1230	5	imposing	impose	VERB
iiclr-17591	1230	6	a	a	DET
iiclr-17591	1230	7	ceiling	ceiling	NOUN
iiclr-17591	1230	8	on	on	ADP
iiclr-17591	1230	9	shareholders	shareholder	NOUN
iiclr-17591	1230	10	'	'	PART
iiclr-17591	1230	11	ownership	ownership	NOUN
iiclr-17591	1230	12	.	.	PUNCT
iiclr-17591	1231	1	largely	largely	ADV
iiclr-17591	1231	2	unstudied	unstudied	ADJ
iiclr-17591	1231	3	,	,	PUNCT
iiclr-17591	1231	4	this	this	DET
iiclr-17591	1231	5	kind	kind	NOUN
iiclr-17591	1231	6	of	of	ADP
iiclr-17591	1231	7	clause	clause	NOUN
iiclr-17591	1231	8	has	have	AUX
iiclr-17591	1231	9	recently	recently	ADV
iiclr-17591	1231	10	been	be	AUX
iiclr-17591	1231	11	inserted	insert	VERB
iiclr-17591	1231	12	in	in	ADP
iiclr-17591	1231	13	the	the	DET
iiclr-17591	1231	14	charter	charter	NOUN
iiclr-17591	1231	15	of	of	ADP
iiclr-17591	1231	16	newly	newly	ADV
iiclr-17591	1231	17	privatized	privatized	ADJ
iiclr-17591	1231	18	companies	company	NOUN
iiclr-17591	1231	19	,	,	PUNCT
iiclr-17591	1231	20	thus	thus	ADV
iiclr-17591	1231	21	assuming	assume	VERB
iiclr-17591	1231	22	a	a	DET
iiclr-17591	1231	23	high	high	ADJ
iiclr-17591	1231	24	political	political	ADJ
iiclr-17591	1231	25	value	value	NOUN
iiclr-17591	1231	26	.	.	PUNCT
iiclr-17591	1232	1	(	(	PUNCT
iiclr-17591	1232	2	no	no	DET
iiclr-17591	1232	3	single	single	ADJ
iiclr-17591	1232	4	shareholder	shareholder	NOUN
iiclr-17591	1232	5	,	,	PUNCT
iiclr-17591	1232	6	or	or	CCONJ
iiclr-17591	1232	7	group	group	NOUN
iiclr-17591	1232	8	of	of	ADP
iiclr-17591	1232	9	shareholders	shareholder	NOUN
iiclr-17591	1232	10	associated	associate	VERB
iiclr-17591	1232	11	,	,	PUNCT
iiclr-17591	1232	12	is	be	AUX
iiclr-17591	1232	13	supposed	suppose	VERB
iiclr-17591	1232	14	to	to	PART
iiclr-17591	1232	15	acquire	acquire	VERB
iiclr-17591	1232	16	complete	complete	ADJ
iiclr-17591	1232	17	control	control	NOUN
iiclr-17591	1232	18	of	of	ADP
iiclr-17591	1232	19	such	such	ADJ
iiclr-17591	1232	20	companies	company	NOUN
iiclr-17591	1232	21	;	;	PUNCT
iiclr-17591	1232	22	it	it	PRON
iiclr-17591	1232	23	is	be	AUX
iiclr-17591	1232	24	at	at	ADP
iiclr-17591	1232	25	least	least	ADJ
iiclr-17591	1232	26	doubtful	doubtful	ADJ
iiclr-17591	1232	27	that	that	SCONJ
iiclr-17591	1232	28	the	the	DET
iiclr-17591	1232	29	device	device	NOUN
iiclr-17591	1232	30	of	of	ADP
iiclr-17591	1232	31	the	the	DET
iiclr-17591	1232	32	ownership	ownership	NOUN
iiclr-17591	1232	33	cap	cap	NOUN
iiclr-17591	1232	34	,	,	PUNCT
iiclr-17591	1232	35	as	as	SCONJ
iiclr-17591	1232	36	in	in	ADP
iiclr-17591	1232	37	fact	fact	NOUN
iiclr-17591	1232	38	it	it	PRON
iiclr-17591	1232	39	has	have	AUX
iiclr-17591	1232	40	been	be	AUX
iiclr-17591	1232	41	geared	gear	VERB
iiclr-17591	1232	42	,	,	PUNCT
iiclr-17591	1232	43	can	can	AUX
iiclr-17591	1232	44	achieve	achieve	VERB
iiclr-17591	1232	45	such	such	DET
iiclr-17591	1232	46	a	a	DET
iiclr-17591	1232	47	goal	goal	NOUN
iiclr-17591	1232	48	)	)	PUNCT
iiclr-17591	1232	49	.	.	PUNCT
iiclr-17591	1233	1	the	the	DET
iiclr-17591	1233	2	effect	effect	NOUN
iiclr-17591	1233	3	of	of	ADP
iiclr-17591	1233	4	such	such	ADJ
iiclr-17591	1233	5	clauses	clause	NOUN
iiclr-17591	1233	6	is	be	AUX
iiclr-17591	1233	7	to	to	PART
iiclr-17591	1233	8	maintain	maintain	VERB
iiclr-17591	1233	9	the	the	DET
iiclr-17591	1233	10	relative	relative	ADJ
iiclr-17591	1233	11	ownerships	ownership	NOUN
iiclr-17591	1233	12	in	in	ADP
iiclr-17591	1233	13	an	an	DET
iiclr-17591	1233	14	equilibrium	equilibrium	NOUN
iiclr-17591	1233	15	envisioned	envision	VERB
iiclr-17591	1233	16	by	by	ADP
iiclr-17591	1233	17	the	the	DET
iiclr-17591	1233	18	first	first	ADJ
iiclr-17591	1233	19	shareholders	shareholder	NOUN
iiclr-17591	1233	20	in	in	ADP
iiclr-17591	1233	21	the	the	DET
iiclr-17591	1233	22	charter	charter	NOUN
iiclr-17591	1233	23	.	.	PUNCT
iiclr-17591	1234	1	(	(	PUNCT
iiclr-17591	1234	2	problems	problem	NOUN
iiclr-17591	1234	3	arise	arise	VERB
iiclr-17591	1234	4	for	for	ADP
iiclr-17591	1234	5	midstream	midstream	NOUN
iiclr-17591	1234	6	amendments	amendment	NOUN
iiclr-17591	1234	7	)	)	PUNCT
iiclr-17591	1234	8	.	.	PUNCT
iiclr-17591	1235	1	the	the	DET
iiclr-17591	1235	2	structure	structure	NOUN
iiclr-17591	1235	3	remains	remain	VERB
iiclr-17591	1235	4	the	the	DET
iiclr-17591	1235	5	same	same	ADJ
iiclr-17591	1235	6	,	,	PUNCT
iiclr-17591	1235	7	but	but	CCONJ
iiclr-17591	1235	8	the	the	DET
iiclr-17591	1235	9	substance	substance	NOUN
iiclr-17591	1235	10	changes	change	NOUN
iiclr-17591	1235	11	according	accord	VERB
iiclr-17591	1235	12	to	to	ADP
iiclr-17591	1235	13	the	the	DET
iiclr-17591	1235	14	percentage	percentage	NOUN
iiclr-17591	1235	15	of	of	ADP
iiclr-17591	1235	16	ownership	ownership	NOUN
iiclr-17591	1235	17	allowed	allow	VERB
iiclr-17591	1235	18	:	:	PUNCT
iiclr-17591	1235	19	a	a	DET
iiclr-17591	1235	20	ceiling	ceiling	NOUN
iiclr-17591	1235	21	fixed	fix	VERB
iiclr-17591	1235	22	at	at	ADP
iiclr-17591	1235	23	three	three	NUM
iiclr-17591	1235	24	to	to	ADP
iiclr-17591	1235	25	tenper	tenper	NOUN
iiclr-17591	1235	26	cent	cent	NOUN
iiclr-17591	1235	27	can	can	AUX
iiclr-17591	1235	28	be	be	AUX
iiclr-17591	1235	29	found	find	VERB
iiclr-17591	1235	30	in	in	ADP
iiclr-17591	1235	31	joint	joint	ADJ
iiclr-17591	1235	32	-	-	PUNCT
iiclr-17591	1235	33	ventures	venture	NOUN
iiclr-17591	1235	34	among	among	ADP
iiclr-17591	1235	35	many	many	ADJ
iiclr-17591	1235	36	firms	firm	NOUN
iiclr-17591	1235	37	or	or	CCONJ
iiclr-17591	1235	38	in	in	ADP
iiclr-17591	1235	39	real	real	ADJ
iiclr-17591	1235	40	for	for	ADP
iiclr-17591	1235	41	-	-	PUNCT
iiclr-17591	1235	42	profit	profit	NOUN
iiclr-17591	1235	43	companies	company	NOUN
iiclr-17591	1235	44	with	with	ADP
iiclr-17591	1235	45	a	a	DET
iiclr-17591	1235	46	composite	composite	ADJ
iiclr-17591	1235	47	controlling	control	VERB
iiclr-17591	1235	48	group	group	NOUN
iiclr-17591	1235	49	(	(	PUNCT
iiclr-17591	1235	50	not	not	PART
iiclr-17591	1235	51	necessarily	necessarily	ADV
iiclr-17591	1235	52	a	a	DET
iiclr-17591	1235	53	public	public	ADJ
iiclr-17591	1235	54	company	company	NOUN
iiclr-17591	1235	55	,	,	PUNCT
iiclr-17591	1235	56	as	as	SCONJ
iiclr-17591	1235	57	the	the	DET
iiclr-17591	1235	58	first	first	ADJ
iiclr-17591	1235	59	italian	italian	ADJ
iiclr-17591	1235	60	experience	experience	NOUN
iiclr-17591	1235	61	of	of	ADP
iiclr-17591	1235	62	privatization	privatization	NOUN
iiclr-17591	1235	63	demonstrates	demonstrate	VERB
iiclr-17591	1235	64	)	)	PUNCT
iiclr-17591	1235	65	;	;	PUNCT
iiclr-17591	1235	66	a	a	DET
iiclr-17591	1235	67	ceiling	ceiling	NOUN
iiclr-17591	1235	68	fixed	fix	VERB
iiclr-17591	1235	69	at	at	ADP
iiclr-17591	1235	70	over	over	ADP
iiclr-17591	1235	71	ten	ten	NUM
iiclr-17591	1235	72	percent	percent	NOUN
iiclr-17591	1235	73	(	(	PUNCT
iiclr-17591	1235	74	very	very	ADV
iiclr-17591	1235	75	often	often	ADV
iiclr-17591	1235	76	at	at	ADP
iiclr-17591	1235	77	fifty	fifty	NUM
iiclr-17591	1235	78	per	per	ADP
iiclr-17591	1235	79	cent	cent	NOUN
iiclr-17591	1235	80	)	)	PUNCT
iiclr-17591	1235	81	can	can	AUX
iiclr-17591	1235	82	be	be	AUX
iiclr-17591	1235	83	found	find	VERB
iiclr-17591	1235	84	only	only	ADV
iiclr-17591	1235	85	in	in	ADP
iiclr-17591	1235	86	closely	closely	ADV
iiclr-17591	1235	87	held	hold	VERB
iiclr-17591	1235	88	corporations	corporation	NOUN
iiclr-17591	1235	89	or	or	CCONJ
iiclr-17591	1235	90	in	in	ADP
iiclr-17591	1235	91	bilateral	bilateral	ADJ
iiclr-17591	1235	92	joint	joint	ADJ
iiclr-17591	1235	93	ventures	venture	NOUN
iiclr-17591	1235	94	in	in	ADP
iiclr-17591	1235	95	which	which	PRON
iiclr-17591	1235	96	the	the	DET
iiclr-17591	1235	97	participating	participate	VERB
iiclr-17591	1235	98	groups	group	NOUN
iiclr-17591	1235	99	want	want	VERB
iiclr-17591	1235	100	to	to	PART
iiclr-17591	1235	101	protect	protect	VERB
iiclr-17591	1235	102	themselves	themselves	PRON
iiclr-17591	1235	103	against	against	ADP
iiclr-17591	1235	104	reversals	reversal	NOUN
iiclr-17591	1235	105	of	of	ADP
iiclr-17591	1235	106	alliances	alliance	NOUN
iiclr-17591	1235	107	.	.	PUNCT
iiclr-17591	1236	1	(	(	PUNCT
iiclr-17591	1236	2	for	for	ADP
iiclr-17591	1236	3	a	a	DET
iiclr-17591	1236	4	clear	clear	ADJ
iiclr-17591	1236	5	example	example	NOUN
iiclr-17591	1236	6	of	of	ADP
iiclr-17591	1236	7	such	such	DET
iiclr-17591	1236	8	a	a	DET
iiclr-17591	1236	9	factual	factual	ADJ
iiclr-17591	1236	10	pattern	pattern	NOUN
iiclr-17591	1236	11	,	,	PUNCT
iiclr-17591	1236	12	see	see	VERB
iiclr-17591	1236	13	judgment	judgment	NOUN
iiclr-17591	1236	14	of	of	ADP
iiclr-17591	1236	15	feb	feb	PROPN
iiclr-17591	1236	16	.	.	PROPN
iiclr-17591	1236	17	8	8	NUM
iiclr-17591	1236	18	,	,	PUNCT
iiclr-17591	1236	19	1992	1992	NUM
iiclr-17591	1236	20	,	,	PUNCT
iiclr-17591	1236	21	tribunal	tribunal	NOUN
iiclr-17591	1236	22	of	of	ADP
iiclr-17591	1236	23	milan	milan	PROPN
iiclr-17591	1236	24	,	,	PUNCT
iiclr-17591	1236	25	1992	1992	NUM
iiclr-17591	1236	26	giurisprudenza	giurisprudenza	NOUN
iiclr-17591	1236	27	rraliana	rraliana	PROPN
iiclr-17591	1236	28	1	1	NUM
iiclr-17591	1236	29	-	-	SYM
iiclr-17591	1236	30	2	2	NUM
iiclr-17591	1236	31	,	,	PUNCT
iiclr-17591	1236	32	489	489	NUM
iiclr-17591	1236	33	,	,	PUNCT
iiclr-17591	1236	34	involving	involve	VERB
iiclr-17591	1236	35	the	the	DET
iiclr-17591	1236	36	descendants	descendant	NOUN
iiclr-17591	1236	37	of	of	ADP
iiclr-17591	1236	38	the	the	DET
iiclr-17591	1236	39	two	two	NUM
iiclr-17591	1236	40	founders	founder	NOUN
iiclr-17591	1236	41	of	of	ADP
iiclr-17591	1236	42	the	the	DET
iiclr-17591	1236	43	company	company	NOUN
iiclr-17591	1236	44	.	.	PUNCT
iiclr-17591	1236	45	)	)	PUNCT
iiclr-17591	1237	1	(	(	PUNCT
iiclr-17591	1237	2	e	e	NOUN
iiclr-17591	1237	3	)	)	PUNCT
iiclr-17591	1237	4	repurchase	repurchase	NOUN
iiclr-17591	1237	5	clauses	clause	NOUN
iiclr-17591	1237	6	.	.	PUNCT
iiclr-17591	1238	1	repurchase	repurchase	VERB
iiclr-17591	1238	2	clauses	clause	NOUN
iiclr-17591	1238	3	give	give	VERB
iiclr-17591	1238	4	to	to	ADP
iiclr-17591	1238	5	some	some	DET
iiclr-17591	1238	6	shareholders	shareholder	NOUN
iiclr-17591	1238	7	the	the	DET
iiclr-17591	1238	8	right	right	NOUN
iiclr-17591	1238	9	to	to	PART
iiclr-17591	1238	10	acquire	acquire	VERB
iiclr-17591	1238	11	the	the	DET
iiclr-17591	1238	12	shares	share	NOUN
iiclr-17591	1238	13	of	of	ADP
iiclr-17591	1238	14	one	one	NUM
iiclr-17591	1238	15	or	or	CCONJ
iiclr-17591	1238	16	more	more	ADJ
iiclr-17591	1238	17	shareholders	shareholder	NOUN
iiclr-17591	1238	18	when	when	SCONJ
iiclr-17591	1238	19	a	a	DET
iiclr-17591	1238	20	certain	certain	ADJ
iiclr-17591	1238	21	event	event	NOUN
iiclr-17591	1238	22	,	,	PUNCT
iiclr-17591	1238	23	provided	provide	VERB
iiclr-17591	1238	24	for	for	ADP
iiclr-17591	1238	25	by	by	ADP
iiclr-17591	1238	26	the	the	DET
iiclr-17591	1238	27	charter	charter	NOUN
iiclr-17591	1238	28	,	,	PUNCT
iiclr-17591	1238	29	occurs	occur	VERB
iiclr-17591	1238	30	(	(	PUNCT
iiclr-17591	1238	31	typically	typically	ADV
iiclr-17591	1238	32	,	,	PUNCT
iiclr-17591	1238	33	the	the	DET
iiclr-17591	1238	34	discontinuation	discontinuation	NOUN
iiclr-17591	1238	35	of	of	ADP
iiclr-17591	1238	36	an	an	DET
iiclr-17591	1238	37	agreement	agreement	NOUN
iiclr-17591	1238	38	for	for	ADP
iiclr-17591	1238	39	personal	personal	ADJ
iiclr-17591	1238	40	services	service	NOUN
iiclr-17591	1238	41	or	or	CCONJ
iiclr-17591	1238	42	the	the	DET
iiclr-17591	1238	43	death	death	NOUN
iiclr-17591	1238	44	of	of	ADP
iiclr-17591	1238	45	a	a	DET
iiclr-17591	1238	46	shareholder	shareholder	NOUN
iiclr-17591	1238	47	)	)	PUNCT
iiclr-17591	1238	48	.	.	PUNCT
iiclr-17591	1239	1	the	the	DET
iiclr-17591	1239	2	purposes	purpose	NOUN
iiclr-17591	1239	3	of	of	ADP
iiclr-17591	1239	4	repurchase	repurchase	NOUN
iiclr-17591	1239	5	clauses	clause	NOUN
iiclr-17591	1239	6	can	can	AUX
iiclr-17591	1239	7	be	be	AUX
iiclr-17591	1239	8	various	various	ADJ
iiclr-17591	1239	9	:	:	PUNCT
iiclr-17591	1239	10	to	to	PART
iiclr-17591	1239	11	solve	solve	VERB
iiclr-17591	1239	12	deadlock	deadlock	NOUN
iiclr-17591	1239	13	problems	problem	NOUN
iiclr-17591	1239	14	,	,	PUNCT
iiclr-17591	1239	15	to	to	PART
iiclr-17591	1239	16	give	give	VERB
iiclr-17591	1239	17	incentives	incentive	NOUN
iiclr-17591	1239	18	to	to	ADP
iiclr-17591	1239	19	the	the	DET
iiclr-17591	1239	20	shareholders	shareholder	NOUN
iiclr-17591	1239	21	to	to	PART
iiclr-17591	1239	22	offer	offer	VERB
iiclr-17591	1239	23	valuable	valuable	ADJ
iiclr-17591	1239	24	services	service	NOUN
iiclr-17591	1239	25	(	(	PUNCT
iiclr-17591	1239	26	for	for	ADP
iiclr-17591	1239	27	a	a	DET
iiclr-17591	1239	28	case	case	NOUN
iiclr-17591	1239	29	involving	involve	VERB
iiclr-17591	1239	30	shareholders	shareholder	NOUN
iiclr-17591	1239	31	of	of	ADP
iiclr-17591	1239	32	an	an	DET
iiclr-17591	1239	33	insurance	insurance	NOUN
iiclr-17591	1239	34	brokerage	brokerage	NOUN
iiclr-17591	1239	35	service	service	NOUN
iiclr-17591	1239	36	corporation	corporation	NOUN
iiclr-17591	1239	37	,	,	PUNCT
iiclr-17591	1239	38	see	see	VERB
iiclr-17591	1239	39	judgment	judgment	NOUN
iiclr-17591	1239	40	of	of	ADP
iiclr-17591	1239	41	july	july	PROPN
iiclr-17591	1239	42	14	14	NUM
iiclr-17591	1239	43	,	,	PUNCT
iiclr-17591	1239	44	1982	1982	NUM
iiclr-17591	1239	45	,	,	PUNCT
iiclr-17591	1239	46	appellate	appellate	ADJ
iiclr-17591	1239	47	court	court	NOUN
iiclr-17591	1239	48	of	of	ADP
iiclr-17591	1239	49	milan	milan	PROPN
iiclr-17591	1239	50	,	,	PUNCT
iiclr-17591	1239	51	1983	1983	NUM
iiclr-17591	1239	52	giurmspruezacdmmer0iale	giurmspruezacdmmer0iale	NOUN
iiclr-17591	1239	53	il	il	PROPN
iiclr-17591	1239	54	397	397	NUM
iiclr-17591	1239	55	)	)	PUNCT
iiclr-17591	1239	56	or	or	CCONJ
iiclr-17591	1239	57	,	,	PUNCT
iiclr-17591	1239	58	more	more	ADV
iiclr-17591	1239	59	often	often	ADV
iiclr-17591	1239	60	,	,	PUNCT
iiclr-17591	1239	61	to	to	PART
iiclr-17591	1239	62	simply	simply	ADV
iiclr-17591	1239	63	control	control	VERB
iiclr-17591	1239	64	ownership	ownership	NOUN
iiclr-17591	1239	65	(	(	PUNCT
iiclr-17591	1239	66	for	for	ADP
iiclr-17591	1239	67	aclca	aclca	ADJ
iiclr-17591	1239	68	example	example	NOUN
iiclr-17591	1239	69	,	,	PUNCT
iiclr-17591	1239	70	see	see	VERB
iiclr-17591	1239	71	art	art	NOUN
iiclr-17591	1239	72	.	.	PUNCT
iiclr-17591	1240	1	6	6	NUM
iiclr-17591	1240	2	of	of	ADP
iiclr-17591	1240	3	the	the	DET
iiclr-17591	1240	4	charter	charter	NOUN
iiclr-17591	1240	5	of	of	ADP
iiclr-17591	1240	6	"	"	PUNCT
iiclr-17591	1240	7	giovanni	giovanni	PROPN
iiclr-17591	1240	8	agnelli	agnelli	PROPN
iiclr-17591	1240	9	&	&	CCONJ
iiclr-17591	1240	10	c.	c.	PROPN
iiclr-17591	1240	11	s.a.p.a	s.a.p.a	PROPN
iiclr-17591	1240	12	.	.	PROPN
iiclr-17591	1240	13	,	,	PUNCT
iiclr-17591	1240	14	"	"	PUNCT
iiclr-17591	1240	15	supra	supra	PROPN
iiclr-17591	1240	16	note	note	NOUN
iiclr-17591	1240	17	10	10	NUM
iiclr-17591	1240	18	)	)	PUNCT
iiclr-17591	1240	19	.	.	PUNCT
iiclr-17591	1241	1	for	for	SCONJ
iiclr-17591	1241	2	statistics	statistic	NOUN
iiclr-17591	1241	3	on	on	ADP
iiclr-17591	1241	4	restrictions	restriction	NOUN
iiclr-17591	1241	5	on	on	ADP
iiclr-17591	1241	6	transfer	transfer	NOUN
iiclr-17591	1241	7	of	of	ADP
iiclr-17591	1241	8	shares	share	NOUN
iiclr-17591	1241	9	see	see	VERB
iiclr-17591	1241	10	,	,	PUNCT
iiclr-17591	1241	11	recently	recently	ADV
iiclr-17591	1241	12	,	,	PUNCT
iiclr-17591	1241	13	goffredo	goffredo	PROPN
iiclr-17591	1241	14	zuddas	zuddas	PROPN
iiclr-17591	1241	15	et	et	PROPN
iiclr-17591	1241	16	al	al	PROPN
iiclr-17591	1241	17	.	.	PROPN
iiclr-17591	1241	18	,	,	PUNCT
iiclr-17591	1241	19	ancora	ancora	PROPN
iiclr-17591	1241	20	sui	sui	PROPN
iiclr-17591	1241	21	limiti	limiti	PROPN
iiclr-17591	1241	22	al	al	PROPN
iiclr-17591	1241	23	trasferimento	trasferimento	PROPN
iiclr-17591	1241	24	delle	delle	PROPN
iiclr-17591	1241	25	azioni	azioni	PROPN
iiclr-17591	1241	26	nella	nella	PROPN
iiclr-17591	1241	27	pratica	pratica	PROPN
iiclr-17591	1241	28	statutaria	statutaria	PROPN
iiclr-17591	1241	29	,	,	PUNCT
iiclr-17591	1241	30	1988	1988	NUM
iiclr-17591	1241	31	giurisprudenza	giurisprudenza	PROPN
iiclr-17591	1241	32	commerciale	commerciale	PROPN
iiclr-17591	1241	33	i	i	PROPN
iiclr-17591	1241	34	,	,	PUNCT
iiclr-17591	1241	35	897	897	NUM
iiclr-17591	1241	36	;	;	PUNCT
iiclr-17591	1241	37	giorgio	giorgio	PROPN
iiclr-17591	1241	38	m.	m.	PROPN
iiclr-17591	1241	39	zamperetti	zamperetti	PROPN
iiclr-17591	1241	40	,	,	PUNCT
iiclr-17591	1241	41	le	le	X
iiclr-17591	1241	42	clausole	clausole	PROPN
iiclr-17591	1241	43	di	di	PROPN
iiclr-17591	1241	44	gradimento	gradimento	PROPN
iiclr-17591	1241	45	nella	nella	PROPN
iiclr-17591	1241	46	recente	recente	PROPN
iiclr-17591	1241	47	prassi	prassi	PROPN
iiclr-17591	1241	48	stauaria	stauaria	PROPN
iiclr-17591	1241	49	,	,	PUNCT
iiclr-17591	1241	50	1988	1988	NUM
iiclr-17591	1241	51	grurisrudenza	grurisrudenza	NOUN
iiclr-17591	1241	52	commerclal	commerclal	VERB
iiclr-17591	1241	53	1	1	NUM
iiclr-17591	1241	54	,	,	PUNCT
iiclr-17591	1241	55	915	915	NUM
iiclr-17591	1241	56	.	.	PUNCT
iiclr-17591	1242	1	both	both	DET
iiclr-17591	1242	2	works	work	NOUN
iiclr-17591	1242	3	,	,	PUNCT
iiclr-17591	1242	4	based	base	VERB
iiclr-17591	1242	5	on	on	ADP
iiclr-17591	1242	6	slightly	slightly	ADV
iiclr-17591	1242	7	different	different	ADJ
iiclr-17591	1242	8	samples	sample	NOUN
iiclr-17591	1242	9	,	,	PUNCT
iiclr-17591	1242	10	show	show	VERB
iiclr-17591	1242	11	a	a	DET
iiclr-17591	1242	12	very	very	ADV
iiclr-17591	1242	13	high	high	ADJ
iiclr-17591	1242	14	frequency	frequency	NOUN
iiclr-17591	1242	15	of	of	ADP
iiclr-17591	1242	16	restrictions	restriction	NOUN
iiclr-17591	1242	17	(	(	PUNCT
iiclr-17591	1242	18	about	about	ADP
iiclr-17591	1242	19	63	63	NUM
iiclr-17591	1242	20	%	%	NOUN
iiclr-17591	1242	21	of	of	ADP
iiclr-17591	1242	22	companies	company	NOUN
iiclr-17591	1242	23	recently	recently	ADV
iiclr-17591	1242	24	incorporated	incorporate	VERB
iiclr-17591	1242	25	had	have	VERB
iiclr-17591	1242	26	at	at	ADV
iiclr-17591	1242	27	least	least	ADV
iiclr-17591	1242	28	one	one	NUM
iiclr-17591	1242	29	kind	kind	NOUN
iiclr-17591	1242	30	of	of	ADP
iiclr-17591	1242	31	restriction	restriction	NOUN
iiclr-17591	1242	32	,	,	PUNCT
iiclr-17591	1242	33	according	accord	VERB
iiclr-17591	1242	34	to	to	ADP
iiclr-17591	1242	35	zuddas	zuddas	PROPN
iiclr-17591	1242	36	et	et	PROPN
iiclr-17591	1242	37	al	al	PROPN
iiclr-17591	1242	38	.	.	PROPN
iiclr-17591	1242	39	,	,	PUNCT
iiclr-17591	1242	40	supra	supra	PROPN
iiclr-17591	1242	41	,	,	PUNCT
iiclr-17591	1242	42	at	at	ADP
iiclr-17591	1242	43	901	901	NUM
iiclr-17591	1242	44	)	)	PUNCT
iiclr-17591	1242	45	,	,	PUNCT
iiclr-17591	1242	46	and	and	CCONJ
iiclr-17591	1242	47	,	,	PUNCT
iiclr-17591	1242	48	in	in	ADP
iiclr-17591	1242	49	particular	particular	ADJ
iiclr-17591	1242	50	,	,	PUNCT
iiclr-17591	1242	51	right	right	ADV
iiclr-17591	1242	52	of	of	ADP
iiclr-17591	1242	53	first	first	ADJ
iiclr-17591	1242	54	refusal	refusal	NOUN
iiclr-17591	1242	55	clauses	clause	NOUN
iiclr-17591	1242	56	(	(	PUNCT
iiclr-17591	1242	57	more	more	ADJ
iiclr-17591	1242	58	than	than	ADP
iiclr-17591	1242	59	80	80	NUM
iiclr-17591	1242	60	%	%	NOUN
iiclr-17591	1242	61	in	in	ADP
iiclr-17591	1242	62	the	the	DET
iiclr-17591	1242	63	sample	sample	NOUN
iiclr-17591	1242	64	examined	examine	VERB
iiclr-17591	1242	65	by	by	ADP
iiclr-17591	1242	66	zamperetti	zamperetti	PROPN
iiclr-17591	1242	67	,	,	PUNCT
iiclr-17591	1242	68	supra	supra	ADJ
iiclr-17591	1242	69	,	,	PUNCT
iiclr-17591	1242	70	at	at	ADP
iiclr-17591	1242	71	916	916	NUM
iiclr-17591	1242	72	,	,	PUNCT
iiclr-17591	1242	73	concerning	concern	VERB
iiclr-17591	1242	74	the	the	DET
iiclr-17591	1242	75	milan	milan	PROPN
iiclr-17591	1242	76	region	region	PROPN
iiclr-17591	1242	77	)	)	PUNCT
iiclr-17591	1242	78	.	.	PUNCT
iiclr-17591	1243	1	137	137	NUM
iiclr-17591	1243	2	.	.	PUNCT
iiclr-17591	1244	1	this	this	PRON
iiclr-17591	1244	2	does	do	AUX
iiclr-17591	1244	3	not	not	PART
iiclr-17591	1244	4	exclude	exclude	VERB
iiclr-17591	1244	5	the	the	DET
iiclr-17591	1244	6	fact	fact	NOUN
iiclr-17591	1244	7	that	that	SCONJ
iiclr-17591	1244	8	shareholders	shareholder	NOUN
iiclr-17591	1244	9	are	be	AUX
iiclr-17591	1244	10	sometimes	sometimes	ADV
iiclr-17591	1244	11	passive	passive	ADJ
iiclr-17591	1244	12	components	component	NOUN
iiclr-17591	1244	13	of	of	ADP
iiclr-17591	1244	14	the	the	DET
iiclr-17591	1244	15	controlling	control	VERB
iiclr-17591	1244	16	family	family	NOUN
iiclr-17591	1244	17	.	.	PUNCT
iiclr-17591	1245	1	we	we	PRON
iiclr-17591	1245	2	can	can	AUX
iiclr-17591	1245	3	assume	assume	VERB
iiclr-17591	1245	4	homogeneity	homogeneity	NOUN
iiclr-17591	1245	5	of	of	ADP
iiclr-17591	1245	6	interests	interest	NOUN
iiclr-17591	1245	7	between	between	ADP
iiclr-17591	1245	8	active	active	ADJ
iiclr-17591	1245	9	shareholders	shareholder	NOUN
iiclr-17591	1245	10	and	and	CCONJ
iiclr-17591	1245	11	members	member	NOUN
iiclr-17591	1245	12	of	of	ADP
iiclr-17591	1245	13	their	their	PRON
iiclr-17591	1245	14	family	family	NOUN
iiclr-17591	1245	15	,	,	PUNCT
iiclr-17591	1245	16	at	at	ADP
iiclr-17591	1245	17	least	least	ADJ
iiclr-17591	1245	18	until	until	SCONJ
iiclr-17591	1245	19	a	a	DET
iiclr-17591	1245	20	conflict	conflict	NOUN
iiclr-17591	1245	21	arises	arise	VERB
iiclr-17591	1245	22	.	.	PUNCT
iiclr-17591	1246	1	1995	1995	NUM
iiclr-17591	1246	2	]	]	X
iiclr-17591	1246	3	ind	ind	NOUN
iiclr-17591	1246	4	.	.	PUNCT
iiclr-17591	1247	1	int'l	int'l	PROPN
iiclr-17591	1247	2	&	&	CCONJ
iiclr-17591	1247	3	comp	comp	PROPN
iiclr-17591	1247	4	.	.	PUNCT
iiclr-17591	1248	1	l	l	PROPN
iiclr-17591	1248	2	rev	rev	PROPN
iiclr-17591	1248	3	.	.	PUNCT
iiclr-17591	1249	1	institutional	institutional	ADJ
iiclr-17591	1249	2	investors	investor	NOUN
iiclr-17591	1249	3	are	be	AUX
iiclr-17591	1249	4	rarely	rarely	ADV
iiclr-17591	1249	5	found	find	VERB
iiclr-17591	1249	6	,	,	PUNCT
iiclr-17591	1249	7	and	and	CCONJ
iiclr-17591	1249	8	until	until	ADP
iiclr-17591	1249	9	now	now	ADV
iiclr-17591	1249	10	,	,	PUNCT
iiclr-17591	1249	11	3	3	NUM
iiclr-17591	1249	12	have	have	AUX
iiclr-17591	1249	13	been	be	AUX
iiclr-17591	1249	14	limited	limit	VERB
iiclr-17591	1249	15	to	to	ADP
iiclr-17591	1249	16	merchant	merchant	NOUN
iiclr-17591	1249	17	banks	bank	NOUN
iiclr-17591	1249	18	39	39	NUM
iiclr-17591	1249	19	and	and	CCONJ
iiclr-17591	1249	20	venture	venture	NOUN
iiclr-17591	1249	21	capitalist	capitalist	NOUN
iiclr-17591	1249	22	.	.	PUNCT
iiclr-17591	1249	23	'	'	PUNCT
iiclr-17591	1250	1	°	°	NUM
iiclr-17591	1250	2	shareholders	shareholder	NOUN
iiclr-17591	1250	3	(	(	PUNCT
iiclr-17591	1250	4	or	or	CCONJ
iiclr-17591	1250	5	managers	manager	NOUN
iiclr-17591	1250	6	of	of	ADP
iiclr-17591	1250	7	companies	company	NOUN
iiclr-17591	1250	8	that	that	PRON
iiclr-17591	1250	9	are	be	AUX
iiclr-17591	1250	10	shareholders	shareholder	NOUN
iiclr-17591	1250	11	)	)	PUNCT
iiclr-17591	1250	12	and	and	CCONJ
iiclr-17591	1250	13	directors	director	NOUN
iiclr-17591	1250	14	usually	usually	ADV
iiclr-17591	1250	15	coincide	coincide	VERB
iiclr-17591	1250	16	,	,	PUNCT
iiclr-17591	1250	17	and	and	CCONJ
iiclr-17591	1250	18	typically	typically	ADV
iiclr-17591	1250	19	the	the	DET
iiclr-17591	1250	20	company	company	NOUN
iiclr-17591	1250	21	hires	hire	VERB
iiclr-17591	1250	22	full	full	ADJ
iiclr-17591	1250	23	-	-	PUNCT
iiclr-17591	1250	24	time	time	NOUN
iiclr-17591	1250	25	professional	professional	ADJ
iiclr-17591	1250	26	managers	manager	NOUN
iiclr-17591	1250	27	,	,	PUNCT
iiclr-17591	1250	28	who	who	PRON
iiclr-17591	1250	29	work	work	VERB
iiclr-17591	1250	30	closely	closely	ADV
iiclr-17591	1250	31	under	under	ADP
iiclr-17591	1250	32	the	the	DET
iiclr-17591	1250	33	supervision	supervision	NOUN
iiclr-17591	1250	34	of	of	ADP
iiclr-17591	1250	35	directors	director	NOUN
iiclr-17591	1250	36	.	.	PUNCT
iiclr-17591	1251	1	"	"	PUNCT
iiclr-17591	1251	2	"	"	PUNCT
iiclr-17591	1251	3	given	give	VERB
iiclr-17591	1251	4	the	the	DET
iiclr-17591	1251	5	homogeneity	homogeneity	NOUN
iiclr-17591	1251	6	of	of	ADP
iiclr-17591	1251	7	shareholders	shareholder	NOUN
iiclr-17591	1251	8	,	,	PUNCT
iiclr-17591	1251	9	generally	generally	ADV
iiclr-17591	1251	10	unlisted	unlisted	ADJ
iiclr-17591	1251	11	companies	company	NOUN
iiclr-17591	1251	12	do	do	AUX
iiclr-17591	1251	13	not	not	PART
iiclr-17591	1251	14	have	have	VERB
iiclr-17591	1251	15	institutional	institutional	ADJ
iiclr-17591	1251	16	majorities	majority	NOUN
iiclr-17591	1251	17	and	and	CCONJ
iiclr-17591	1251	18	minorities	minority	NOUN
iiclr-17591	1251	19	.	.	PUNCT
iiclr-17591	1252	1	of	of	ADP
iiclr-17591	1252	2	course	course	NOUN
iiclr-17591	1252	3	,	,	PUNCT
iiclr-17591	1252	4	conflicts	conflict	NOUN
iiclr-17591	1252	5	among	among	ADP
iiclr-17591	1252	6	shareholders	shareholder	NOUN
iiclr-17591	1252	7	do	do	AUX
iiclr-17591	1252	8	arise	arise	VERB
iiclr-17591	1252	9	here	here	ADV
iiclr-17591	1252	10	also	also	ADV
iiclr-17591	1252	11	.	.	PUNCT
iiclr-17591	1253	1	however	however	ADV
iiclr-17591	1253	2	,	,	PUNCT
iiclr-17591	1253	3	the	the	DET
iiclr-17591	1253	4	conflicts	conflict	NOUN
iiclr-17591	1253	5	arise	arise	VERB
iiclr-17591	1253	6	in	in	ADP
iiclr-17591	1253	7	most	most	ADJ
iiclr-17591	1253	8	cases	case	NOUN
iiclr-17591	1253	9	because	because	SCONJ
iiclr-17591	1253	10	,	,	PUNCT
iiclr-17591	1253	11	for	for	ADP
iiclr-17591	1253	12	some	some	DET
iiclr-17591	1253	13	reason	reason	NOUN
iiclr-17591	1253	14	,	,	PUNCT
iiclr-17591	1253	15	the	the	DET
iiclr-17591	1253	16	harmony	harmony	NOUN
iiclr-17591	1253	17	that	that	PRON
iiclr-17591	1253	18	once	once	ADV
iiclr-17591	1253	19	reigned	reign	VERB
iiclr-17591	1253	20	among	among	ADP
iiclr-17591	1253	21	shareholders	shareholder	NOUN
iiclr-17591	1253	22	has	have	AUX
iiclr-17591	1253	23	broken	break	VERB
iiclr-17591	1253	24	down	down	ADP
iiclr-17591	1253	25	,	,	PUNCT
iiclr-17591	1253	26	and	and	CCONJ
iiclr-17591	1253	27	not	not	PART
iiclr-17591	1253	28	because	because	SCONJ
iiclr-17591	1253	29	there	there	PRON
iiclr-17591	1253	30	is	be	VERB
iiclr-17591	1253	31	real	real	ADJ
iiclr-17591	1253	32	dissent	dissent	NOUN
iiclr-17591	1253	33	over	over	ADP
iiclr-17591	1253	34	the	the	DET
iiclr-17591	1253	35	management	management	NOUN
iiclr-17591	1253	36	of	of	ADP
iiclr-17591	1253	37	the	the	DET
iiclr-17591	1253	38	company	company	NOUN
iiclr-17591	1253	39	.	.	PUNCT
iiclr-17591	1254	1	in	in	ADP
iiclr-17591	1254	2	other	other	ADJ
iiclr-17591	1254	3	words	word	NOUN
iiclr-17591	1254	4	,	,	PUNCT
iiclr-17591	1254	5	dissent	dissent	NOUN
iiclr-17591	1254	6	over	over	ADP
iiclr-17591	1254	7	the	the	DET
iiclr-17591	1254	8	management	management	NOUN
iiclr-17591	1254	9	of	of	ADP
iiclr-17591	1254	10	unlisted	unlisted	ADJ
iiclr-17591	1254	11	companies	company	NOUN
iiclr-17591	1254	12	is	be	AUX
iiclr-17591	1254	13	more	more	ADV
iiclr-17591	1254	14	likely	likely	ADJ
iiclr-17591	1254	15	to	to	PART
iiclr-17591	1254	16	be	be	AUX
iiclr-17591	1254	17	the	the	DET
iiclr-17591	1254	18	product	product	NOUN
iiclr-17591	1254	19	of	of	ADP
iiclr-17591	1254	20	conflicts	conflict	NOUN
iiclr-17591	1254	21	among	among	ADP
iiclr-17591	1254	22	shareholders	shareholder	NOUN
iiclr-17591	1254	23	than	than	SCONJ
iiclr-17591	1254	24	to	to	PART
iiclr-17591	1254	25	be	be	AUX
iiclr-17591	1254	26	their	their	PRON
iiclr-17591	1254	27	cause	cause	NOUN
iiclr-17591	1254	28	.	.	PUNCT
iiclr-17591	1255	1	4	4	NUM
iiclr-17591	1255	2	2	2	NUM
iiclr-17591	1255	3	138	138	NUM
iiclr-17591	1255	4	.	.	PUNCT
iiclr-17591	1256	1	changes	change	NOUN
iiclr-17591	1256	2	,	,	PUNCT
iiclr-17591	1256	3	even	even	ADV
iiclr-17591	1256	4	very	very	ADV
iiclr-17591	1256	5	important	important	ADJ
iiclr-17591	1256	6	ones	one	NOUN
iiclr-17591	1256	7	,	,	PUNCT
iiclr-17591	1256	8	might	might	AUX
iiclr-17591	1256	9	take	take	VERB
iiclr-17591	1256	10	place	place	NOUN
iiclr-17591	1256	11	in	in	ADP
iiclr-17591	1256	12	the	the	DET
iiclr-17591	1256	13	near	near	ADJ
iiclr-17591	1256	14	future	future	NOUN
iiclr-17591	1256	15	following	follow	VERB
iiclr-17591	1256	16	the	the	DET
iiclr-17591	1256	17	beginning	beginning	NOUN
iiclr-17591	1256	18	of	of	ADP
iiclr-17591	1256	19	operations	operation	NOUN
iiclr-17591	1256	20	of	of	ADP
iiclr-17591	1256	21	closed	close	VERB
iiclr-17591	1256	22	-	-	PUNCT
iiclr-17591	1256	23	end	end	NOUN
iiclr-17591	1256	24	investment	investment	NOUN
iiclr-17591	1256	25	funds	fund	NOUN
iiclr-17591	1256	26	,	,	PUNCT
iiclr-17591	1256	27	pursuant	pursuant	ADJ
iiclr-17591	1256	28	to	to	ADP
iiclr-17591	1256	29	the	the	DET
iiclr-17591	1256	30	recent	recent	ADJ
iiclr-17591	1256	31	enactment	enactment	NOUN
iiclr-17591	1256	32	of	of	ADP
iiclr-17591	1256	33	their	their	PRON
iiclr-17591	1256	34	discipline	discipline	NOUN
iiclr-17591	1256	35	(	(	PUNCT
iiclr-17591	1256	36	law	law	NOUN
iiclr-17591	1256	37	of	of	ADP
iiclr-17591	1256	38	aug	aug	PROPN
iiclr-17591	1256	39	.	.	PROPN
iiclr-17591	1256	40	14	14	NUM
iiclr-17591	1256	41	,	,	PUNCT
iiclr-17591	1256	42	1993	1993	NUM
iiclr-17591	1256	43	,	,	PUNCT
iiclr-17591	1256	44	no	no	INTJ
iiclr-17591	1256	45	.	.	NOUN
iiclr-17591	1256	46	344	344	NUM
iiclr-17591	1256	47	)	)	PUNCT
iiclr-17591	1256	48	and	and	CCONJ
iiclr-17591	1256	49	the	the	DET
iiclr-17591	1256	50	lifting	lifting	NOUN
iiclr-17591	1256	51	of	of	ADP
iiclr-17591	1256	52	separation	separation	NOUN
iiclr-17591	1256	53	between	between	ADP
iiclr-17591	1256	54	banks	bank	NOUN
iiclr-17591	1256	55	and	and	CCONJ
iiclr-17591	1256	56	commercial	commercial	ADJ
iiclr-17591	1256	57	firms	firm	NOUN
iiclr-17591	1256	58	(	(	PUNCT
iiclr-17591	1256	59	see	see	VERB
iiclr-17591	1256	60	infra	infra	NOUN
iiclr-17591	1256	61	note	note	VERB
iiclr-17591	1256	62	182	182	NUM
iiclr-17591	1256	63	and	and	CCONJ
iiclr-17591	1256	64	accompanying	accompany	VERB
iiclr-17591	1256	65	text	text	NOUN
iiclr-17591	1256	66	)	)	PUNCT
iiclr-17591	1256	67	.	.	PUNCT
iiclr-17591	1257	1	139	139	NUM
iiclr-17591	1257	2	.	.	PUNCT
iiclr-17591	1258	1	the	the	DET
iiclr-17591	1258	2	italian	italian	ADJ
iiclr-17591	1258	3	merchant	merchant	NOUN
iiclr-17591	1258	4	banking	banking	NOUN
iiclr-17591	1258	5	market	market	NOUN
iiclr-17591	1258	6	is	be	AUX
iiclr-17591	1258	7	growing	grow	VERB
iiclr-17591	1258	8	(	(	PUNCT
iiclr-17591	1258	9	37	37	NUM
iiclr-17591	1258	10	%	%	NOUN
iiclr-17591	1258	11	of	of	ADP
iiclr-17591	1258	12	the	the	DET
iiclr-17591	1258	13	newly	newly	ADV
iiclr-17591	1258	14	listed	list	VERB
iiclr-17591	1258	15	italian	italian	ADJ
iiclr-17591	1258	16	companies	company	NOUN
iiclr-17591	1258	17	in	in	ADP
iiclr-17591	1258	18	the	the	DET
iiclr-17591	1258	19	years	year	NOUN
iiclr-17591	1258	20	1987	1987	NUM
iiclr-17591	1258	21	-	-	SYM
iiclr-17591	1258	22	91	91	NUM
iiclr-17591	1258	23	came	come	VERB
iiclr-17591	1258	24	from	from	ADP
iiclr-17591	1258	25	operations	operation	NOUN
iiclr-17591	1258	26	of	of	ADP
iiclr-17591	1258	27	merchant	merchant	NOUN
iiclr-17591	1258	28	banking	banking	NOUN
iiclr-17591	1258	29	)	)	PUNCT
iiclr-17591	1258	30	but	but	CCONJ
iiclr-17591	1258	31	is	be	AUX
iiclr-17591	1258	32	still	still	ADV
iiclr-17591	1258	33	not	not	PART
iiclr-17591	1258	34	fully	fully	ADV
iiclr-17591	1258	35	developed	develop	VERB
iiclr-17591	1258	36	due	due	ADP
iiclr-17591	1258	37	to	to	ADP
iiclr-17591	1258	38	the	the	DET
iiclr-17591	1258	39	absence	absence	NOUN
iiclr-17591	1258	40	of	of	ADP
iiclr-17591	1258	41	a	a	DET
iiclr-17591	1258	42	strong	strong	ADJ
iiclr-17591	1258	43	secondary	secondary	ADJ
iiclr-17591	1258	44	market	market	NOUN
iiclr-17591	1258	45	and	and	CCONJ
iiclr-17591	1258	46	to	to	ADP
iiclr-17591	1258	47	an	an	DET
iiclr-17591	1258	48	unfavorable	unfavorable	ADJ
iiclr-17591	1258	49	tax	tax	NOUN
iiclr-17591	1258	50	regime	regime	NOUN
iiclr-17591	1258	51	.	.	PUNCT
iiclr-17591	1259	1	see	see	VERB
iiclr-17591	1259	2	symposium	symposium	NOUN
iiclr-17591	1259	3	,	,	PUNCT
iiclr-17591	1259	4	capitale	capitale	PROPN
iiclr-17591	1259	5	di	di	X
iiclr-17591	1259	6	rischio	rischio	PROPN
iiclr-17591	1259	7	in	in	ADP
iiclr-17591	1259	8	cerca	cerca	PROPN
iiclr-17591	1259	9	di	di	X
iiclr-17591	1259	10	mercato	mercato	PROPN
iiclr-17591	1259	11	,	,	PUNCT
iiclr-17591	1259	12	il	il	PROPN
iiclr-17591	1259	13	sole	sole	ADJ
iiclr-17591	1259	14	24	24	NUM
iiclr-17591	1259	15	ore	ore	NOUN
iiclr-17591	1259	16	,	,	PUNCT
iiclr-17591	1259	17	may	may	AUX
iiclr-17591	1259	18	11	11	NUM
iiclr-17591	1259	19	,	,	PUNCT
iiclr-17591	1259	20	1993	1993	NUM
iiclr-17591	1259	21	,	,	PUNCT
iiclr-17591	1259	22	at	at	ADP
iiclr-17591	1259	23	28	28	NUM
iiclr-17591	1259	24	;	;	PUNCT
iiclr-17591	1259	25	gianfranco	gianfranco	PROPN
iiclr-17591	1259	26	imperatori	imperatori	PROPN
iiclr-17591	1259	27	,	,	PUNCT
iiclr-17591	1259	28	merchant	merchant	NOUN
iiclr-17591	1259	29	,	,	PUNCT
iiclr-17591	1259	30	st	st	PROPN
iiclr-17591	1259	31	al	al	PROPN
iiclr-17591	1259	32	nasdaq	nasdaq	PROPN
iiclr-17591	1259	33	all'italiana	all'italiana	PROPN
iiclr-17591	1259	34	,	,	PUNCT
iiclr-17591	1259	35	il	il	PROPN
iiclr-17591	1259	36	sole	sole	ADJ
iiclr-17591	1259	37	24	24	NUM
iiclr-17591	1259	38	ore	ore	NOUN
iiclr-17591	1259	39	,	,	PUNCT
iiclr-17591	1259	40	apr	apr	PROPN
iiclr-17591	1259	41	.	.	PROPN
iiclr-17591	1259	42	19	19	NUM
iiclr-17591	1259	43	,	,	PUNCT
iiclr-17591	1259	44	1994	1994	NUM
iiclr-17591	1259	45	,	,	PUNCT
iiclr-17591	1259	46	at	at	ADP
iiclr-17591	1259	47	31	31	NUM
iiclr-17591	1259	48	.	.	PUNCT
iiclr-17591	1260	1	140	140	NUM
iiclr-17591	1260	2	.	.	PUNCT
iiclr-17591	1261	1	as	as	ADP
iiclr-17591	1261	2	of	of	ADP
iiclr-17591	1261	3	1993	1993	NUM
iiclr-17591	1261	4	,	,	PUNCT
iiclr-17591	1261	5	italy	italy	PROPN
iiclr-17591	1261	6	,	,	PUNCT
iiclr-17591	1261	7	with	with	ADP
iiclr-17591	1261	8	3,802	3,802	NUM
iiclr-17591	1261	9	billion	billion	NUM
iiclr-17591	1261	10	ecu	ecu	NOUN
iiclr-17591	1261	11	of	of	ADP
iiclr-17591	1261	12	total	total	ADJ
iiclr-17591	1261	13	funds	fund	NOUN
iiclr-17591	1261	14	raised	raise	VERB
iiclr-17591	1261	15	,	,	PUNCT
iiclr-17591	1261	16	had	have	VERB
iiclr-17591	1261	17	the	the	DET
iiclr-17591	1261	18	fourth	fourth	ADV
iiclr-17591	1261	19	-	-	PUNCT
iiclr-17591	1261	20	ranking	rank	VERB
iiclr-17591	1261	21	venture	venture	NOUN
iiclr-17591	1261	22	capital	capital	NOUN
iiclr-17591	1261	23	market	market	NOUN
iiclr-17591	1261	24	in	in	ADP
iiclr-17591	1261	25	europe	europe	PROPN
iiclr-17591	1261	26	,	,	PUNCT
iiclr-17591	1261	27	following	follow	VERB
iiclr-17591	1261	28	the	the	DET
iiclr-17591	1261	29	united	united	PROPN
iiclr-17591	1261	30	kingdom	kingdom	PROPN
iiclr-17591	1261	31	(	(	PUNCT
iiclr-17591	1261	32	17,038	17,038	NUM
iiclr-17591	1261	33	billion	billion	NUM
iiclr-17591	1261	34	ecu	ecu	NOUN
iiclr-17591	1261	35	)	)	PUNCT
iiclr-17591	1261	36	,	,	PUNCT
iiclr-17591	1261	37	france	france	PROPN
iiclr-17591	1261	38	(	(	PUNCT
iiclr-17591	1261	39	8,570	8,570	NUM
iiclr-17591	1261	40	billion	billion	NUM
iiclr-17591	1261	41	ecu	ecu	NOUN
iiclr-17591	1261	42	)	)	PUNCT
iiclr-17591	1261	43	,	,	PUNCT
iiclr-17591	1261	44	and	and	CCONJ
iiclr-17591	1261	45	germany	germany	PROPN
iiclr-17591	1261	46	(	(	PUNCT
iiclr-17591	1261	47	4,267	4,267	NUM
iiclr-17591	1261	48	billion	billion	NUM
iiclr-17591	1261	49	ecu	ecu	NOUN
iiclr-17591	1261	50	)	)	PUNCT
iiclr-17591	1261	51	,	,	PUNCT
iiclr-17591	1261	52	and	and	CCONJ
iiclr-17591	1261	53	preceding	precede	VERB
iiclr-17591	1261	54	holland	holland	PROPN
iiclr-17591	1261	55	(	(	PUNCT
iiclr-17591	1261	56	1,702	1,702	NUM
iiclr-17591	1261	57	billion	billion	NUM
iiclr-17591	1261	58	ecu	ecu	NOUN
iiclr-17591	1261	59	)	)	PUNCT
iiclr-17591	1261	60	,	,	PUNCT
iiclr-17591	1261	61	spain	spain	PROPN
iiclr-17591	1261	62	(	(	PUNCT
iiclr-17591	1261	63	1,232	1,232	NUM
iiclr-17591	1261	64	billion	billion	NUM
iiclr-17591	1261	65	ecu	ecu	NOUN
iiclr-17591	1261	66	)	)	PUNCT
iiclr-17591	1261	67	and	and	CCONJ
iiclr-17591	1261	68	sweden	sweden	PROPN
iiclr-17591	1261	69	(	(	PUNCT
iiclr-17591	1261	70	1,010	1,010	NUM
iiclr-17591	1261	71	billion	billion	NUM
iiclr-17591	1261	72	ecu	ecu	NOUN
iiclr-17591	1261	73	)	)	PUNCT
iiclr-17591	1261	74	.	.	PUNCT
iiclr-17591	1262	1	still	still	ADV
iiclr-17591	1262	2	,	,	PUNCT
iiclr-17591	1262	3	the	the	DET
iiclr-17591	1262	4	importance	importance	NOUN
iiclr-17591	1262	5	of	of	ADP
iiclr-17591	1262	6	the	the	DET
iiclr-17591	1262	7	market	market	NOUN
iiclr-17591	1262	8	is	be	AUX
iiclr-17591	1262	9	relatively	relatively	ADV
iiclr-17591	1262	10	limited	limited	ADJ
iiclr-17591	1262	11	in	in	ADP
iiclr-17591	1262	12	amount	amount	NOUN
iiclr-17591	1262	13	.	.	PUNCT
iiclr-17591	1263	1	the	the	DET
iiclr-17591	1263	2	peculiarities	peculiarity	NOUN
iiclr-17591	1263	3	of	of	ADP
iiclr-17591	1263	4	the	the	DET
iiclr-17591	1263	5	italian	italian	ADJ
iiclr-17591	1263	6	venture	venture	NOUN
iiclr-17591	1263	7	capital	capital	NOUN
iiclr-17591	1263	8	market	market	NOUN
iiclr-17591	1263	9	,	,	PUNCT
iiclr-17591	1263	10	as	as	ADP
iiclr-17591	1263	11	of	of	ADP
iiclr-17591	1263	12	1993	1993	NUM
iiclr-17591	1263	13	,	,	PUNCT
iiclr-17591	1263	14	were	be	AUX
iiclr-17591	1263	15	the	the	DET
iiclr-17591	1263	16	following	following	NOUN
iiclr-17591	1263	17	:	:	PUNCT
iiclr-17591	1263	18	(	(	PUNCT
iiclr-17591	1263	19	a	a	X
iiclr-17591	1263	20	)	)	PUNCT
iiclr-17591	1263	21	more	more	ADJ
iiclr-17591	1263	22	than	than	ADP
iiclr-17591	1263	23	71	71	NUM
iiclr-17591	1263	24	%	%	NOUN
iiclr-17591	1263	25	of	of	ADP
iiclr-17591	1263	26	the	the	DET
iiclr-17591	1263	27	funds	fund	NOUN
iiclr-17591	1263	28	came	come	VERB
iiclr-17591	1263	29	from	from	ADP
iiclr-17591	1263	30	banks	bank	NOUN
iiclr-17591	1263	31	,	,	PUNCT
iiclr-17591	1263	32	through	through	ADP
iiclr-17591	1263	33	subsidiaries	subsidiary	NOUN
iiclr-17591	1263	34	,	,	PUNCT
iiclr-17591	1263	35	compared	compare	VERB
iiclr-17591	1263	36	to	to	ADP
iiclr-17591	1263	37	about	about	ADV
iiclr-17591	1263	38	one	one	NUM
iiclr-17591	1263	39	-	-	PUNCT
iiclr-17591	1263	40	third	third	NOUN
iiclr-17591	1263	41	of	of	ADP
iiclr-17591	1263	42	the	the	DET
iiclr-17591	1263	43	european	european	PROPN
iiclr-17591	1263	44	average	average	NOUN
iiclr-17591	1263	45	;	;	PUNCT
iiclr-17591	1263	46	(	(	PUNCT
iiclr-17591	1263	47	b	b	X
iiclr-17591	1263	48	)	)	PUNCT
iiclr-17591	1263	49	few	few	ADJ
iiclr-17591	1263	50	resources	resource	NOUN
iiclr-17591	1263	51	were	be	AUX
iiclr-17591	1263	52	directed	direct	VERB
iiclr-17591	1263	53	toward	toward	ADP
iiclr-17591	1263	54	start	start	VERB
iiclr-17591	1263	55	-	-	PUNCT
iiclr-17591	1263	56	up	up	ADP
iiclr-17591	1263	57	companies	company	NOUN
iiclr-17591	1263	58	(	(	PUNCT
iiclr-17591	1263	59	11.4	11.4	NUM
iiclr-17591	1263	60	%	%	NOUN
iiclr-17591	1263	61	of	of	ADP
iiclr-17591	1263	62	operations	operation	NOUN
iiclr-17591	1263	63	and	and	CCONJ
iiclr-17591	1263	64	1.1	1.1	NUM
iiclr-17591	1263	65	%	%	NOUN
iiclr-17591	1263	66	of	of	ADP
iiclr-17591	1263	67	amount	amount	NOUN
iiclr-17591	1263	68	invested	invest	VERB
iiclr-17591	1263	69	)	)	PUNCT
iiclr-17591	1263	70	,	,	PUNCT
iiclr-17591	1263	71	while	while	SCONJ
iiclr-17591	1263	72	most	most	ADJ
iiclr-17591	1263	73	of	of	ADP
iiclr-17591	1263	74	them	they	PRON
iiclr-17591	1263	75	financed	finance	VERB
iiclr-17591	1263	76	expansion	expansion	NOUN
iiclr-17591	1263	77	projects	project	NOUN
iiclr-17591	1263	78	(	(	PUNCT
iiclr-17591	1263	79	47.7	47.7	NUM
iiclr-17591	1263	80	%	%	NOUN
iiclr-17591	1263	81	of	of	ADP
iiclr-17591	1263	82	operations	operation	NOUN
iiclr-17591	1263	83	and	and	CCONJ
iiclr-17591	1263	84	63.7	63.7	NUM
iiclr-17591	1263	85	%	%	NOUN
iiclr-17591	1263	86	of	of	ADP
iiclr-17591	1263	87	amount	amount	NOUN
iiclr-17591	1263	88	invested	invest	VERB
iiclr-17591	1263	89	)	)	PUNCT
iiclr-17591	1263	90	;	;	PUNCT
iiclr-17591	1263	91	and	and	CCONJ
iiclr-17591	1263	92	(	(	PUNCT
iiclr-17591	1263	93	c	c	X
iiclr-17591	1263	94	)	)	PUNCT
iiclr-17591	1263	95	the	the	DET
iiclr-17591	1263	96	italian	italian	ADJ
iiclr-17591	1263	97	market	market	NOUN
iiclr-17591	1263	98	has	have	VERB
iiclr-17591	1263	99	a	a	DET
iiclr-17591	1263	100	higher	high	ADJ
iiclr-17591	1263	101	presence	presence	NOUN
iiclr-17591	1263	102	of	of	ADP
iiclr-17591	1263	103	foreign	foreign	ADJ
iiclr-17591	1263	104	capital	capital	NOUN
iiclr-17591	1263	105	(	(	PUNCT
iiclr-17591	1263	106	20	20	NUM
iiclr-17591	1263	107	%	%	NOUN
iiclr-17591	1263	108	)	)	PUNCT
iiclr-17591	1263	109	than	than	ADP
iiclr-17591	1263	110	the	the	DET
iiclr-17591	1263	111	average	average	ADJ
iiclr-17591	1263	112	(	(	PUNCT
iiclr-17591	1263	113	european	european	ADJ
iiclr-17591	1263	114	venture	venture	PROPN
iiclr-17591	1263	115	caprral	caprral	PROPN
iiclr-17591	1263	116	association	association	PROPN
iiclr-17591	1263	117	,	,	PUNCT
iiclr-17591	1263	118	1993	1993	NUM
iiclr-17591	1263	119	report	report	NOUN
iiclr-17591	1263	120	,	,	PUNCT
iiclr-17591	1263	121	discussed	discuss	VERB
iiclr-17591	1263	122	in	in	ADP
iiclr-17591	1263	123	il	il	PROPN
iiclr-17591	1263	124	sole	sole	ADJ
iiclr-17591	1263	125	24	24	NUM
iiclr-17591	1263	126	ore	ore	NOUN
iiclr-17591	1263	127	,	,	PUNCT
iiclr-17591	1263	128	june	june	PROPN
iiclr-17591	1263	129	20	20	NUM
iiclr-17591	1263	130	,	,	PUNCT
iiclr-17591	1263	131	1994	1994	NUM
iiclr-17591	1263	132	,	,	PUNCT
iiclr-17591	1263	133	at	at	ADP
iiclr-17591	1263	134	36	36	NUM
iiclr-17591	1263	135	)	)	PUNCT
iiclr-17591	1263	136	.	.	PUNCT
iiclr-17591	1264	1	141	141	NUM
iiclr-17591	1264	2	.	.	PUNCT
iiclr-17591	1265	1	this	this	DET
iiclr-17591	1265	2	point	point	NOUN
iiclr-17591	1265	3	will	will	AUX
iiclr-17591	1265	4	be	be	AUX
iiclr-17591	1265	5	stressed	stress	VERB
iiclr-17591	1265	6	infra	infra	NOUN
iiclr-17591	1265	7	note	note	VERB
iiclr-17591	1265	8	189	189	NUM
iiclr-17591	1265	9	and	and	CCONJ
iiclr-17591	1265	10	accompanying	accompany	VERB
iiclr-17591	1265	11	text	text	NOUN
iiclr-17591	1265	12	.	.	PUNCT
iiclr-17591	1266	1	142	142	NUM
iiclr-17591	1266	2	.	.	PUNCT
iiclr-17591	1267	1	this	this	PRON
iiclr-17591	1267	2	is	be	AUX
iiclr-17591	1267	3	not	not	PART
iiclr-17591	1267	4	to	to	PART
iiclr-17591	1267	5	say	say	VERB
iiclr-17591	1267	6	that	that	SCONJ
iiclr-17591	1267	7	challenges	challenge	NOUN
iiclr-17591	1267	8	to	to	ADP
iiclr-17591	1267	9	the	the	DET
iiclr-17591	1267	10	management	management	NOUN
iiclr-17591	1267	11	in	in	ADP
iiclr-17591	1267	12	this	this	DET
iiclr-17591	1267	13	setting	setting	NOUN
iiclr-17591	1267	14	are	be	AUX
iiclr-17591	1267	15	usually	usually	ADV
iiclr-17591	1267	16	without	without	ADP
iiclr-17591	1267	17	merit	merit	NOUN
iiclr-17591	1267	18	.	.	PUNCT
iiclr-17591	1268	1	the	the	DET
iiclr-17591	1268	2	factual	factual	ADJ
iiclr-17591	1268	3	patterns	pattern	NOUN
iiclr-17591	1268	4	underlying	underlie	VERB
iiclr-17591	1268	5	most	most	ADJ
iiclr-17591	1268	6	judicial	judicial	ADJ
iiclr-17591	1268	7	decisions	decision	NOUN
iiclr-17591	1268	8	show	show	VERB
iiclr-17591	1268	9	that	that	SCONJ
iiclr-17591	1268	10	very	very	ADV
iiclr-17591	1268	11	often	often	ADV
iiclr-17591	1268	12	conflicts	conflict	NOUN
iiclr-17591	1268	13	among	among	ADP
iiclr-17591	1268	14	shareholders	shareholder	NOUN
iiclr-17591	1268	15	have	have	AUX
iiclr-17591	1268	16	turned	turn	VERB
iiclr-17591	1268	17	directors	director	NOUN
iiclr-17591	1268	18	from	from	ADP
iiclr-17591	1268	19	fiduciaries	fiduciary	NOUN
iiclr-17591	1268	20	of	of	ADP
iiclr-17591	1268	21	all	all	DET
iiclr-17591	1268	22	the	the	DET
iiclr-17591	1268	23	shareholders	shareholder	NOUN
iiclr-17591	1268	24	into	into	ADP
iiclr-17591	1268	25	fiduciaries	fiduciary	NOUN
iiclr-17591	1268	26	of	of	ADP
iiclr-17591	1268	27	the	the	DET
iiclr-17591	1268	28	majority	majority	NOUN
iiclr-17591	1268	29	alone	alone	ADV
iiclr-17591	1268	30	-	-	PUNCT
iiclr-17591	1268	31	or	or	CCONJ
iiclr-17591	1268	32	at	at	ADP
iiclr-17591	1268	33	least	least	ADJ
iiclr-17591	1268	34	this	this	PRON
iiclr-17591	1268	35	is	be	AUX
iiclr-17591	1268	36	the	the	DET
iiclr-17591	1268	37	claim	claim	NOUN
iiclr-17591	1268	38	of	of	ADP
iiclr-17591	1268	39	the	the	DET
iiclr-17591	1268	40	minority	minority	NOUN
iiclr-17591	1268	41	.	.	PUNCT
iiclr-17591	1269	1	when	when	SCONJ
iiclr-17591	1269	2	this	this	PRON
iiclr-17591	1269	3	in	in	ADP
iiclr-17591	1269	4	fact	fact	NOUN
iiclr-17591	1269	5	has	have	AUX
iiclr-17591	1269	6	happened	happen	VERB
iiclr-17591	1269	7	,	,	PUNCT
iiclr-17591	1269	8	and	and	CCONJ
iiclr-17591	1269	9	it	it	PRON
iiclr-17591	1269	10	is	be	AUX
iiclr-17591	1269	11	the	the	DET
iiclr-17591	1269	12	task	task	NOUN
iiclr-17591	1269	13	of	of	ADP
iiclr-17591	1269	14	the	the	DET
iiclr-17591	1269	15	court	court	NOUN
iiclr-17591	1269	16	to	to	PART
iiclr-17591	1269	17	ascertain	ascertain	VERB
iiclr-17591	1269	18	if	if	SCONJ
iiclr-17591	1269	19	it	it	PRON
iiclr-17591	1269	20	has	have	VERB
iiclr-17591	1269	21	,	,	PUNCT
iiclr-17591	1269	22	challenges	challenge	NOUN
iiclr-17591	1269	23	do	do	AUX
iiclr-17591	1269	24	have	have	VERB
iiclr-17591	1269	25	merit	merit	NOUN
iiclr-17591	1269	26	.	.	PUNCT
iiclr-17591	1270	1	no	no	DET
iiclr-17591	1270	2	general	general	ADJ
iiclr-17591	1270	3	conclusion	conclusion	NOUN
iiclr-17591	1270	4	as	as	ADP
iiclr-17591	1270	5	to	to	ADP
iiclr-17591	1270	6	the	the	DET
iiclr-17591	1270	7	merit	merit	NOUN
iiclr-17591	1270	8	of	of	ADP
iiclr-17591	1270	9	challenges	challenge	NOUN
iiclr-17591	1270	10	to	to	ADP
iiclr-17591	1270	11	directors	director	NOUN
iiclr-17591	1270	12	in	in	ADP
iiclr-17591	1270	13	a	a	DET
iiclr-17591	1270	14	highly	highly	ADV
iiclr-17591	1270	15	concentrated	concentrated	ADJ
iiclr-17591	1270	16	ownership	ownership	NOUN
iiclr-17591	1270	17	structure	structure	NOUN
iiclr-17591	1270	18	context	context	NOUN
iiclr-17591	1270	19	can	can	AUX
iiclr-17591	1270	20	be	be	AUX
iiclr-17591	1270	21	drawn	draw	VERB
iiclr-17591	1270	22	,	,	PUNCT
iiclr-17591	1270	23	nor	nor	CCONJ
iiclr-17591	1270	24	does	do	AUX
iiclr-17591	1270	25	it	it	PRON
iiclr-17591	1270	26	have	have	VERB
iiclr-17591	1270	27	to	to	PART
iiclr-17591	1270	28	be	be	AUX
iiclr-17591	1270	29	.	.	PUNCT
iiclr-17591	1271	1	all	all	PRON
iiclr-17591	1271	2	we	we	PRON
iiclr-17591	1271	3	can	can	AUX
iiclr-17591	1271	4	say	say	VERB
iiclr-17591	1271	5	is	be	AUX
iiclr-17591	1271	6	that	that	SCONJ
iiclr-17591	1271	7	in	in	ADP
iiclr-17591	1271	8	such	such	DET
iiclr-17591	1271	9	a	a	DET
iiclr-17591	1271	10	setting	setting	NOUN
iiclr-17591	1271	11	,	,	PUNCT
iiclr-17591	1271	12	the	the	DET
iiclr-17591	1271	13	legal	legal	ADJ
iiclr-17591	1271	14	system	system	NOUN
iiclr-17591	1271	15	of	of	ADP
iiclr-17591	1271	16	directors	director	NOUN
iiclr-17591	1271	17	'	'	PART
iiclr-17591	1271	18	liability	liability	NOUN
iiclr-17591	1271	19	,	,	PUNCT
iiclr-17591	1271	20	rather	rather	ADV
iiclr-17591	1271	21	than	than	ADP
iiclr-17591	1271	22	being	be	AUX
iiclr-17591	1271	23	a	a	DET
iiclr-17591	1271	24	physiological	physiological	ADJ
iiclr-17591	1271	25	monitoring	monitoring	NOUN
iiclr-17591	1271	26	tool	tool	NOUN
iiclr-17591	1271	27	over	over	ADP
iiclr-17591	1271	28	directors	director	NOUN
iiclr-17591	1271	29	,	,	PUNCT
iiclr-17591	1271	30	determines	determine	VERB
iiclr-17591	1271	31	the	the	DET
iiclr-17591	1271	32	balance	balance	NOUN
iiclr-17591	1271	33	of	of	ADP
iiclr-17591	1271	34	power	power	NOUN
iiclr-17591	1271	35	between	between	ADP
iiclr-17591	1271	36	majority	majority	NOUN
iiclr-17591	1271	37	and	and	CCONJ
iiclr-17591	1271	38	minority	minority	NOUN
iiclr-17591	1271	39	shareholders	shareholder	NOUN
iiclr-17591	1271	40	,	,	PUNCT
iiclr-17591	1271	41	thus	thus	ADV
iiclr-17591	1271	42	influencing	influence	VERB
iiclr-17591	1271	43	the	the	DET
iiclr-17591	1271	44	outcome	outcome	NOUN
iiclr-17591	1271	45	of	of	ADP
iiclr-17591	1271	46	conflicts	conflict	NOUN
iiclr-17591	1271	47	between	between	ADP
iiclr-17591	1271	48	them	they	PRON
iiclr-17591	1271	49	.	.	PUNCT
iiclr-17591	1272	1	(	(	PUNCT
iiclr-17591	1272	2	vol	vol	NOUN
iiclr-17591	1272	3	.	.	PUNCT
iiclr-17591	1273	1	6:1	6:1	NUM
iiclr-17591	1273	2	corporate	corporate	ADJ
iiclr-17591	1273	3	governance	governance	NOUN
iiclr-17591	1273	4	in	in	ADP
iiclr-17591	1273	5	italy	italy	PROPN
iiclr-17591	1273	6	e.	e.	PROPN
iiclr-17591	1274	1	the	the	DET
iiclr-17591	1274	2	ownership	ownership	NOUN
iiclr-17591	1274	3	structure	structure	NOUN
iiclr-17591	1274	4	of	of	ADP
iiclr-17591	1274	5	listed	list	VERB
iiclr-17591	1274	6	companies	company	NOUN
iiclr-17591	1274	7	.	.	PUNCT
iiclr-17591	1275	1	italy	italy	PROPN
iiclr-17591	1275	2	has	have	VERB
iiclr-17591	1275	3	a	a	DET
iiclr-17591	1275	4	rather	rather	ADV
iiclr-17591	1275	5	small	small	ADJ
iiclr-17591	1275	6	public	public	ADJ
iiclr-17591	1275	7	stock	stock	NOUN
iiclr-17591	1275	8	market	market	NOUN
iiclr-17591	1275	9	.	.	PUNCT
iiclr-17591	1276	1	in	in	ADP
iiclr-17591	1276	2	june	june	PROPN
iiclr-17591	1276	3	1995	1995	NUM
iiclr-17591	1276	4	,	,	PUNCT
iiclr-17591	1276	5	only	only	ADV
iiclr-17591	1276	6	about	about	ADV
iiclr-17591	1276	7	240	240	NUM
iiclr-17591	1276	8	italian	italian	ADJ
iiclr-17591	1276	9	companies	company	NOUN
iiclr-17591	1276	10	were	be	AUX
iiclr-17591	1276	11	listed	list	VERB
iiclr-17591	1276	12	and	and	CCONJ
iiclr-17591	1276	13	regularly	regularly	ADV
iiclr-17591	1276	14	traded	trade	VERB
iiclr-17591	1276	15	on	on	ADP
iiclr-17591	1276	16	the	the	DET
iiclr-17591	1276	17	italian	italian	ADJ
iiclr-17591	1276	18	automated	automate	VERB
iiclr-17591	1276	19	stock	stock	NOUN
iiclr-17591	1276	20	exchange	exchange	NOUN
iiclr-17591	1276	21	43	43	NUM
iiclr-17591	1276	22	and	and	CCONJ
iiclr-17591	1276	23	on	on	ADP
iiclr-17591	1276	24	the	the	DET
iiclr-17591	1276	25	minor	minor	ADJ
iiclr-17591	1276	26	stock	stock	NOUN
iiclr-17591	1276	27	exchange	exchange	NOUN
iiclr-17591	1276	28	.	.	PUNCT
iiclr-17591	1276	29	'	'	PUNCT
iiclr-17591	1276	30	"	"	PUNCT
iiclr-17591	1276	31	in	in	ADP
iiclr-17591	1276	32	1993	1993	NUM
iiclr-17591	1276	33	,	,	PUNCT
iiclr-17591	1276	34	the	the	DET
iiclr-17591	1276	35	total	total	ADJ
iiclr-17591	1276	36	capitalization	capitalization	NOUN
iiclr-17591	1276	37	of	of	ADP
iiclr-17591	1276	38	the	the	DET
iiclr-17591	1276	39	italian	italian	ADJ
iiclr-17591	1276	40	stock	stock	NOUN
iiclr-17591	1276	41	exchange	exchange	NOUN
iiclr-17591	1276	42	was	be	AUX
iiclr-17591	1276	43	about	about	ADV
iiclr-17591	1276	44	fifteen	fifteen	NUM
iiclr-17591	1276	45	percent	percent	NOUN
iiclr-17591	1276	46	of	of	ADP
iiclr-17591	1276	47	the	the	DET
iiclr-17591	1276	48	gnp	gnp	PROPN
iiclr-17591	1276	49	,	,	PUNCT
iiclr-17591	1276	50	a	a	DET
iiclr-17591	1276	51	percentage	percentage	NOUN
iiclr-17591	1276	52	substantially	substantially	ADV
iiclr-17591	1276	53	lower	low	ADJ
iiclr-17591	1276	54	than	than	ADP
iiclr-17591	1276	55	in	in	ADP
iiclr-17591	1276	56	other	other	ADJ
iiclr-17591	1276	57	industrialized	industrialized	ADJ
iiclr-17591	1276	58	nations	nation	NOUN
iiclr-17591	1276	59	.	.	PUNCT
iiclr-17591	1277	1	145	145	NUM
iiclr-17591	1278	1	although	although	SCONJ
iiclr-17591	1278	2	a	a	DET
iiclr-17591	1278	3	handful	handful	NOUN
iiclr-17591	1278	4	of	of	ADP
iiclr-17591	1278	5	italian	italian	ADJ
iiclr-17591	1278	6	companies	company	NOUN
iiclr-17591	1278	7	listed	list	VERB
iiclr-17591	1278	8	on	on	ADP
iiclr-17591	1278	9	foreign	foreign	ADJ
iiclr-17591	1278	10	exchanges	exchange	NOUN
iiclr-17591	1278	11	must	must	AUX
iiclr-17591	1278	12	be	be	AUX
iiclr-17591	1278	13	added	add	VERB
iiclr-17591	1278	14	to	to	ADP
iiclr-17591	1278	15	these	these	DET
iiclr-17591	1278	16	numbers	number	NOUN
iiclr-17591	1278	17	,	,	PUNCT
iiclr-17591	1278	18	146	146	NUM
iiclr-17591	1278	19	it	it	PRON
iiclr-17591	1278	20	is	be	AUX
iiclr-17591	1278	21	clear	clear	ADJ
iiclr-17591	1278	22	that	that	SCONJ
iiclr-17591	1278	23	few	few	ADJ
iiclr-17591	1278	24	italian	italian	ADJ
iiclr-17591	1278	25	companies	company	NOUN
iiclr-17591	1278	26	,	,	PUNCT
iiclr-17591	1278	27	out	out	ADP
iiclr-17591	1278	28	of	of	ADP
iiclr-17591	1278	29	many	many	ADJ
iiclr-17591	1278	30	more	more	ADV
iiclr-17591	1278	31	eligible	eligible	ADJ
iiclr-17591	1278	32	,	,	PUNCT
iiclr-17591	1278	33	4	4	NUM
iiclr-17591	1278	34	7	7	NUM
iiclr-17591	1278	35	resort	resort	NOUN
iiclr-17591	1278	36	to	to	ADP
iiclr-17591	1278	37	the	the	DET
iiclr-17591	1278	38	public	public	ADJ
iiclr-17591	1278	39	market	market	NOUN
iiclr-17591	1278	40	for	for	ADP
iiclr-17591	1278	41	their	their	PRON
iiclr-17591	1278	42	financing	financing	NOUN
iiclr-17591	1278	43	needs	need	NOUN
iiclr-17591	1278	44	.	.	PUNCT
iiclr-17591	1279	1	true	true	ADJ
iiclr-17591	1279	2	,	,	PUNCT
iiclr-17591	1279	3	the	the	DET
iiclr-17591	1279	4	number	number	NOUN
iiclr-17591	1279	5	of	of	ADP
iiclr-17591	1279	6	italian	italian	ADJ
iiclr-17591	1279	7	listed	list	VERB
iiclr-17591	1279	8	companies	company	NOUN
iiclr-17591	1279	9	,	,	PUNCT
iiclr-17591	1279	10	and	and	CCONJ
iiclr-17591	1279	11	thus	thus	ADV
iiclr-17591	1279	12	the	the	DET
iiclr-17591	1279	13	italian	italian	ADJ
iiclr-17591	1279	14	stock	stock	NOUN
iiclr-17591	1279	15	market	market	NOUN
iiclr-17591	1279	16	as	as	ADP
iiclr-17591	1279	17	a	a	DET
iiclr-17591	1279	18	whole	whole	NOUN
iiclr-17591	1279	19	,	,	PUNCT
iiclr-17591	1279	20	is	be	AUX
iiclr-17591	1279	21	growing	grow	VERB
iiclr-17591	1279	22	.	.	PUNCT
iiclr-17591	1279	23	'	'	PUNCT
iiclr-17591	1279	24	"	"	PUNCT
iiclr-17591	1279	25	nevertheless	nevertheless	ADV
iiclr-17591	1279	26	,	,	PUNCT
iiclr-17591	1279	27	for	for	ADP
iiclr-17591	1279	28	some	some	DET
iiclr-17591	1279	29	years	year	NOUN
iiclr-17591	1279	30	to	to	PART
iiclr-17591	1279	31	come	come	VERB
iiclr-17591	1279	32	,	,	PUNCT
iiclr-17591	1279	33	the	the	DET
iiclr-17591	1279	34	public	public	ADJ
iiclr-17591	1279	35	stock	stock	NOUN
iiclr-17591	1279	36	market	market	NOUN
iiclr-17591	1279	37	will	will	AUX
iiclr-17591	1279	38	143	143	NUM
iiclr-17591	1279	39	.	.	PUNCT
iiclr-17591	1280	1	the	the	DET
iiclr-17591	1280	2	"	"	PUNCT
iiclr-17591	1280	3	borsa	borsa	PROPN
iiclr-17591	1280	4	valori	valori	NOUN
iiclr-17591	1280	5	"	"	PUNCT
iiclr-17591	1280	6	of	of	ADP
iiclr-17591	1280	7	milan	milan	PROPN
iiclr-17591	1280	8	,	,	PUNCT
iiclr-17591	1280	9	which	which	PRON
iiclr-17591	1280	10	was	be	AUX
iiclr-17591	1280	11	the	the	DET
iiclr-17591	1280	12	main	main	ADJ
iiclr-17591	1280	13	italian	italian	ADJ
iiclr-17591	1280	14	stock	stock	NOUN
iiclr-17591	1280	15	exchange	exchange	NOUN
iiclr-17591	1280	16	,	,	PUNCT
iiclr-17591	1280	17	technically	technically	ADV
iiclr-17591	1280	18	does	do	AUX
iiclr-17591	1280	19	not	not	PART
iiclr-17591	1280	20	exist	exist	VERB
iiclr-17591	1280	21	anymore	anymore	ADV
iiclr-17591	1280	22	.	.	PUNCT
iiclr-17591	1281	1	it	it	PRON
iiclr-17591	1281	2	was	be	AUX
iiclr-17591	1281	3	completely	completely	ADV
iiclr-17591	1281	4	taken	take	VERB
iiclr-17591	1281	5	over	over	ADP
iiclr-17591	1281	6	in	in	ADP
iiclr-17591	1281	7	1994	1994	NUM
iiclr-17591	1281	8	by	by	ADP
iiclr-17591	1281	9	an	an	DET
iiclr-17591	1281	10	automated	automate	VERB
iiclr-17591	1281	11	exchange	exchange	NOUN
iiclr-17591	1281	12	system	system	NOUN
iiclr-17591	1281	13	,	,	PUNCT
iiclr-17591	1281	14	whose	whose	DET
iiclr-17591	1281	15	administrative	administrative	ADJ
iiclr-17591	1281	16	and	and	CCONJ
iiclr-17591	1281	17	operating	operating	NOUN
iiclr-17591	1281	18	headquarters	headquarter	NOUN
iiclr-17591	1281	19	are	be	AUX
iiclr-17591	1281	20	still	still	ADV
iiclr-17591	1281	21	in	in	ADP
iiclr-17591	1281	22	milan	milan	PROPN
iiclr-17591	1281	23	.	.	PUNCT
iiclr-17591	1282	1	the	the	DET
iiclr-17591	1282	2	reform	reform	NOUN
iiclr-17591	1282	3	has	have	AUX
iiclr-17591	1282	4	been	be	AUX
iiclr-17591	1282	5	implemented	implement	VERB
iiclr-17591	1282	6	by	by	ADP
iiclr-17591	1282	7	consob	consob	NOUN
iiclr-17591	1282	8	regulations	regulation	NOUN
iiclr-17591	1282	9	,	,	PUNCT
iiclr-17591	1282	10	empowered	empower	VERB
iiclr-17591	1282	11	to	to	PART
iiclr-17591	1282	12	carry	carry	VERB
iiclr-17591	1282	13	on	on	ADP
iiclr-17591	1282	14	a	a	DET
iiclr-17591	1282	15	general	general	ADJ
iiclr-17591	1282	16	reform	reform	NOUN
iiclr-17591	1282	17	of	of	ADP
iiclr-17591	1282	18	the	the	DET
iiclr-17591	1282	19	italian	italian	ADJ
iiclr-17591	1282	20	public	public	ADJ
iiclr-17591	1282	21	financial	financial	ADJ
iiclr-17591	1282	22	market	market	NOUN
iiclr-17591	1282	23	by	by	ADP
iiclr-17591	1282	24	art	art	NOUN
iiclr-17591	1282	25	.	.	PUNCT
iiclr-17591	1283	1	20	20	NUM
iiclr-17591	1283	2	,	,	PUNCT
iiclr-17591	1283	3	law	law	NOUN
iiclr-17591	1283	4	of	of	ADP
iiclr-17591	1283	5	jan	jan	PROPN
iiclr-17591	1283	6	.	.	PROPN
iiclr-17591	1283	7	2	2	NUM
iiclr-17591	1283	8	,	,	PUNCT
iiclr-17591	1283	9	1991	1991	NUM
iiclr-17591	1283	10	,	,	PUNCT
iiclr-17591	1283	11	no	no	INTJ
iiclr-17591	1283	12	.	.	NOUN
iiclr-17591	1283	13	1	1	NUM
iiclr-17591	1283	14	.	.	X
iiclr-17591	1283	15	144	144	NUM
iiclr-17591	1283	16	.	.	PUNCT
iiclr-17591	1284	1	the	the	DET
iiclr-17591	1284	2	"	"	PUNCT
iiclr-17591	1284	3	mercato	mercato	PROPN
iiclr-17591	1284	4	ristretto	ristretto	NOUN
iiclr-17591	1284	5	"	"	PUNCT
iiclr-17591	1285	1	[	[	X
iiclr-17591	1285	2	restricted	restrict	VERB
iiclr-17591	1285	3	stock	stock	NOUN
iiclr-17591	1285	4	exchange	exchange	NOUN
iiclr-17591	1285	5	]	]	PUNCT
iiclr-17591	1285	6	,	,	PUNCT
iiclr-17591	1285	7	has	have	VERB
iiclr-17591	1285	8	a	a	DET
iiclr-17591	1285	9	limited	limited	ADJ
iiclr-17591	1285	10	importance	importance	NOUN
iiclr-17591	1285	11	and	and	CCONJ
iiclr-17591	1285	12	small	small	ADJ
iiclr-17591	1285	13	daily	daily	ADJ
iiclr-17591	1285	14	volumes	volume	NOUN
iiclr-17591	1285	15	(	(	PUNCT
iiclr-17591	1285	16	an	an	DET
iiclr-17591	1285	17	average	average	NOUN
iiclr-17591	1285	18	of	of	ADP
iiclr-17591	1285	19	less	less	ADJ
iiclr-17591	1285	20	than	than	ADP
iiclr-17591	1285	21	10	10	NUM
iiclr-17591	1285	22	million	million	NUM
iiclr-17591	1285	23	dollars	dollar	NOUN
iiclr-17591	1285	24	in	in	ADP
iiclr-17591	1285	25	1995	1995	NUM
iiclr-17591	1285	26	)	)	PUNCT
iiclr-17591	1285	27	.	.	PUNCT
iiclr-17591	1286	1	minor	minor	ADJ
iiclr-17591	1286	2	stock	stock	NOUN
iiclr-17591	1286	3	exchanges	exchange	NOUN
iiclr-17591	1286	4	can	can	AUX
iiclr-17591	1286	5	be	be	AUX
iiclr-17591	1286	6	established	establish	VERB
iiclr-17591	1286	7	by	by	ADP
iiclr-17591	1286	8	joint	joint	ADJ
iiclr-17591	1286	9	public	public	ADJ
iiclr-17591	1286	10	-	-	PUNCT
iiclr-17591	1286	11	private	private	ADJ
iiclr-17591	1286	12	corporations	corporation	NOUN
iiclr-17591	1286	13	,	,	PUNCT
iiclr-17591	1286	14	under	under	ADP
iiclr-17591	1286	15	consob	consob	ADJ
iiclr-17591	1286	16	regulation	regulation	NOUN
iiclr-17591	1286	17	of	of	ADP
iiclr-17591	1286	18	sept	sept	PROPN
iiclr-17591	1286	19	.	.	PROPN
iiclr-17591	1286	20	30	30	NUM
iiclr-17591	1286	21	,	,	PUNCT
iiclr-17591	1286	22	1994	1994	NUM
iiclr-17591	1286	23	,	,	PUNCT
iiclr-17591	1286	24	no	no	NOUN
iiclr-17591	1286	25	.	.	NOUN
iiclr-17591	1286	26	8469	8469	NUM
iiclr-17591	1286	27	,	,	PUNCT
iiclr-17591	1286	28	supra	supra	PROPN
iiclr-17591	1286	29	note	note	NOUN
iiclr-17591	1286	30	22	22	NUM
iiclr-17591	1286	31	.	.	PUNCT
iiclr-17591	1287	1	several	several	ADJ
iiclr-17591	1287	2	projects	project	NOUN
iiclr-17591	1287	3	have	have	AUX
iiclr-17591	1287	4	been	be	AUX
iiclr-17591	1287	5	started	start	VERB
iiclr-17591	1287	6	,	,	PUNCT
iiclr-17591	1287	7	but	but	CCONJ
iiclr-17591	1287	8	as	as	ADP
iiclr-17591	1287	9	of	of	ADP
iiclr-17591	1287	10	march	march	PROPN
iiclr-17591	1287	11	1995	1995	NUM
iiclr-17591	1287	12	,	,	PUNCT
iiclr-17591	1287	13	none	none	NOUN
iiclr-17591	1287	14	has	have	AUX
iiclr-17591	1287	15	begun	begin	VERB
iiclr-17591	1287	16	operations	operation	NOUN
iiclr-17591	1287	17	.	.	PUNCT
iiclr-17591	1288	1	145	145	NUM
iiclr-17591	1288	2	.	.	PUNCT
iiclr-17591	1289	1	in	in	ADP
iiclr-17591	1289	2	the	the	DET
iiclr-17591	1289	3	same	same	ADJ
iiclr-17591	1289	4	year	year	NOUN
iiclr-17591	1289	5	,	,	PUNCT
iiclr-17591	1289	6	the	the	DET
iiclr-17591	1289	7	percentage	percentage	NOUN
iiclr-17591	1289	8	of	of	ADP
iiclr-17591	1289	9	capitalization	capitalization	NOUN
iiclr-17591	1289	10	was	be	AUX
iiclr-17591	1289	11	21.2	21.2	NUM
iiclr-17591	1289	12	%	%	NOUN
iiclr-17591	1289	13	in	in	ADP
iiclr-17591	1289	14	germany	germany	PROPN
iiclr-17591	1289	15	,	,	PUNCT
iiclr-17591	1289	16	37.6	37.6	NUM
iiclr-17591	1289	17	%	%	NOUN
iiclr-17591	1289	18	in	in	ADP
iiclr-17591	1289	19	france	france	PROPN
iiclr-17591	1289	20	,	,	PUNCT
iiclr-17591	1289	21	61	61	NUM
iiclr-17591	1289	22	%	%	NOUN
iiclr-17591	1289	23	in	in	ADP
iiclr-17591	1289	24	holland	holland	PROPN
iiclr-17591	1289	25	,	,	PUNCT
iiclr-17591	1289	26	66	66	NUM
iiclr-17591	1289	27	%	%	NOUN
iiclr-17591	1289	28	in	in	ADP
iiclr-17591	1289	29	the	the	DET
iiclr-17591	1289	30	united	united	PROPN
iiclr-17591	1289	31	states	states	PROPN
iiclr-17591	1289	32	,	,	PUNCT
iiclr-17591	1289	33	68.2	68.2	NUM
iiclr-17591	1289	34	%	%	NOUN
iiclr-17591	1289	35	in	in	ADP
iiclr-17591	1289	36	japan	japan	PROPN
iiclr-17591	1289	37	,	,	PUNCT
iiclr-17591	1289	38	and	and	CCONJ
iiclr-17591	1289	39	129	129	NUM
iiclr-17591	1289	40	%	%	NOUN
iiclr-17591	1289	41	in	in	ADP
iiclr-17591	1289	42	the	the	DET
iiclr-17591	1289	43	united	united	ADJ
iiclr-17591	1289	44	kingdom	kingdom	PROPN
iiclr-17591	1289	45	(	(	PUNCT
iiclr-17591	1289	46	federico	federico	PROPN
iiclr-17591	1289	47	rendina	rendina	PROPN
iiclr-17591	1289	48	,	,	PUNCT
iiclr-17591	1289	49	borsa	borsa	PROPN
iiclr-17591	1289	50	vietata	vietata	PROPN
iiclr-17591	1289	51	ai	ai	VERB
iiclr-17591	1289	52	piccoli	piccoli	PROPN
iiclr-17591	1289	53	e	e	PROPN
iiclr-17591	1289	54	dominata	dominata	PROPN
iiclr-17591	1289	55	da	da	PROPN
iiclr-17591	1289	56	pochi	pochi	PROPN
iiclr-17591	1289	57	'	'	PUNCT
iiclr-17591	1289	58	big	big	ADJ
iiclr-17591	1289	59	,	,	PUNCT
iiclr-17591	1289	60	'	'	PUNCT
iiclr-17591	1289	61	il	il	PROPN
iiclr-17591	1289	62	sole	sole	ADJ
iiclr-17591	1289	63	24	24	NUM
iiclr-17591	1289	64	ore	ore	NOUN
iiclr-17591	1289	65	,	,	PUNCT
iiclr-17591	1289	66	dec	dec	PROPN
iiclr-17591	1289	67	.	.	PROPN
iiclr-17591	1289	68	17	17	NUM
iiclr-17591	1289	69	,	,	PUNCT
iiclr-17591	1289	70	1994	1994	NUM
iiclr-17591	1289	71	,	,	PUNCT
iiclr-17591	1289	72	at	at	ADP
iiclr-17591	1289	73	31	31	NUM
iiclr-17591	1289	74	)	)	PUNCT
iiclr-17591	1289	75	.	.	PUNCT
iiclr-17591	1290	1	in	in	ADP
iiclr-17591	1290	2	early	early	ADJ
iiclr-17591	1290	3	1994	1994	NUM
iiclr-17591	1290	4	,	,	PUNCT
iiclr-17591	1290	5	the	the	DET
iiclr-17591	1290	6	total	total	ADJ
iiclr-17591	1290	7	capitalization	capitalization	NOUN
iiclr-17591	1290	8	of	of	ADP
iiclr-17591	1290	9	the	the	DET
iiclr-17591	1290	10	italian	italian	ADJ
iiclr-17591	1290	11	stock	stock	NOUN
iiclr-17591	1290	12	exchange	exchange	NOUN
iiclr-17591	1290	13	amounted	amount	VERB
iiclr-17591	1290	14	to	to	ADP
iiclr-17591	1290	15	290,607	290,607	NUM
iiclr-17591	1290	16	trillion	trillion	NUM
iiclr-17591	1290	17	liras	lira	NOUN
iiclr-17591	1290	18	(	(	PUNCT
iiclr-17591	1290	19	ettore	ettore	NOUN
iiclr-17591	1290	20	livini	livini	PROPN
iiclr-17591	1290	21	,	,	PUNCT
iiclr-17591	1290	22	piazza	piazza	NOUN
iiclr-17591	1290	23	affari	affari	PROPN
iiclr-17591	1290	24	,	,	PUNCT
iiclr-17591	1290	25	diluvio	diluvio	NOUN
iiclr-17591	1290	26	d'aumenti	d'aumenti	PROPN
iiclr-17591	1290	27	,	,	PUNCT
iiclr-17591	1290	28	il	il	PROPN
iiclr-17591	1290	29	sole24	sole24	NOUN
iiclr-17591	1290	30	ore	ore	PROPN
iiclr-17591	1290	31	,	,	PUNCT
iiclr-17591	1290	32	oct	oct	PROPN
iiclr-17591	1290	33	.	.	PROPN
iiclr-17591	1290	34	27	27	NUM
iiclr-17591	1290	35	,	,	PUNCT
iiclr-17591	1290	36	1994	1994	NUM
iiclr-17591	1290	37	,	,	PUNCT
iiclr-17591	1290	38	at	at	ADP
iiclr-17591	1290	39	31	31	NUM
iiclr-17591	1290	40	)	)	PUNCT
iiclr-17591	1290	41	.	.	PUNCT
iiclr-17591	1291	1	146	146	NUM
iiclr-17591	1291	2	.	.	PUNCT
iiclr-17591	1292	1	this	this	PRON
iiclr-17591	1292	2	is	be	AUX
iiclr-17591	1292	3	the	the	DET
iiclr-17591	1292	4	case	case	NOUN
iiclr-17591	1292	5	,	,	PUNCT
iiclr-17591	1292	6	for	for	ADP
iiclr-17591	1292	7	example	example	NOUN
iiclr-17591	1292	8	,	,	PUNCT
iiclr-17591	1292	9	of	of	ADP
iiclr-17591	1292	10	luxottica	luxottica	PROPN
iiclr-17591	1292	11	group	group	PROPN
iiclr-17591	1292	12	s.p.a	s.p.a	PROPN
iiclr-17591	1292	13	.	.	PUNCT
iiclr-17591	1293	1	and	and	CCONJ
iiclr-17591	1293	2	natuzzi	natuzzi	NOUN
iiclr-17591	1293	3	s.p.a	s.p.a	PROPN
iiclr-17591	1293	4	.	.	PROPN
iiclr-17591	1293	5	,	,	PUNCT
iiclr-17591	1293	6	listed	list	VERB
iiclr-17591	1293	7	on	on	ADP
iiclr-17591	1293	8	the	the	DET
iiclr-17591	1293	9	new	new	PROPN
iiclr-17591	1293	10	york	york	PROPN
iiclr-17591	1293	11	stock	stock	PROPN
iiclr-17591	1293	12	exchange	exchange	PROPN
iiclr-17591	1293	13	and	and	CCONJ
iiclr-17591	1293	14	not	not	PART
iiclr-17591	1293	15	listed	list	VERB
iiclr-17591	1293	16	on	on	ADP
iiclr-17591	1293	17	the	the	DET
iiclr-17591	1293	18	italian	italian	ADJ
iiclr-17591	1293	19	stock	stock	NOUN
iiclr-17591	1293	20	exchange	exchange	NOUN
iiclr-17591	1293	21	(	(	PUNCT
iiclr-17591	1293	22	for	for	ADP
iiclr-17591	1293	23	a	a	DET
iiclr-17591	1293	24	survey	survey	NOUN
iiclr-17591	1293	25	of	of	ADP
iiclr-17591	1293	26	these	these	DET
iiclr-17591	1293	27	two	two	NUM
iiclr-17591	1293	28	companies	company	NOUN
iiclr-17591	1293	29	see	see	VERB
iiclr-17591	1293	30	italy	italy	PROPN
iiclr-17591	1293	31	's	's	PART
iiclr-17591	1293	32	luxottica	luxottica	NOUN
iiclr-17591	1293	33	and	and	CCONJ
iiclr-17591	1293	34	natuzzi	natuzzi	NOUN
iiclr-17591	1293	35	are	be	AUX
iiclr-17591	1293	36	showing	show	VERB
iiclr-17591	1293	37	that	that	SCONJ
iiclr-17591	1293	38	remote	remote	ADJ
iiclr-17591	1293	39	locations	location	NOUN
iiclr-17591	1293	40	need	need	AUX
iiclr-17591	1293	41	not	not	PART
iiclr-17591	1293	42	hinder	hinder	VERB
iiclr-17591	1293	43	growth	growth	NOUN
iiclr-17591	1293	44	,	,	PUNCT
iiclr-17591	1293	45	financial	financial	ADJ
iiclr-17591	1293	46	times	time	NOUN
iiclr-17591	1293	47	,	,	PUNCT
iiclr-17591	1293	48	mar	mar	PROPN
iiclr-17591	1293	49	.	.	PROPN
iiclr-17591	1293	50	10	10	NUM
iiclr-17591	1293	51	,	,	PUNCT
iiclr-17591	1293	52	1995	1995	NUM
iiclr-17591	1293	53	,	,	PUNCT
iiclr-17591	1293	54	at	at	ADP
iiclr-17591	1293	55	15	15	NUM
iiclr-17591	1293	56	)	)	PUNCT
iiclr-17591	1293	57	.	.	PUNCT
iiclr-17591	1294	1	companies	company	NOUN
iiclr-17591	1294	2	listed	list	VERB
iiclr-17591	1294	3	both	both	PRON
iiclr-17591	1294	4	in	in	ADP
iiclr-17591	1294	5	italy	italy	PROPN
iiclr-17591	1294	6	and	and	CCONJ
iiclr-17591	1294	7	abroad	abroad	ADV
iiclr-17591	1294	8	(	(	PUNCT
iiclr-17591	1294	9	e.g.	e.g.	ADV
iiclr-17591	1294	10	,	,	PUNCT
iiclr-17591	1294	11	fiat	fiat	PROPN
iiclr-17591	1294	12	s.p.a	s.p.a	NOUN
iiclr-17591	1294	13	.	.	PUNCT
iiclr-17591	1294	14	)	)	PUNCT
iiclr-17591	1294	15	are	be	AUX
iiclr-17591	1294	16	obviously	obviously	ADV
iiclr-17591	1294	17	not	not	PART
iiclr-17591	1294	18	included	include	VERB
iiclr-17591	1294	19	in	in	ADP
iiclr-17591	1294	20	the	the	DET
iiclr-17591	1294	21	count	count	NOUN
iiclr-17591	1294	22	.	.	PUNCT
iiclr-17591	1295	1	147	147	NUM
iiclr-17591	1295	2	.	.	PUNCT
iiclr-17591	1296	1	experts	expert	NOUN
iiclr-17591	1296	2	estimate	estimate	VERB
iiclr-17591	1296	3	the	the	DET
iiclr-17591	1296	4	number	number	NOUN
iiclr-17591	1296	5	of	of	ADP
iiclr-17591	1296	6	italian	italian	ADJ
iiclr-17591	1296	7	companies	company	NOUN
iiclr-17591	1296	8	eligible	eligible	ADJ
iiclr-17591	1296	9	for	for	ADP
iiclr-17591	1296	10	a	a	DET
iiclr-17591	1296	11	public	public	ADJ
iiclr-17591	1296	12	offering	offering	NOUN
iiclr-17591	1296	13	and	and	CCONJ
iiclr-17591	1296	14	following	follow	VERB
iiclr-17591	1296	15	listing	list	VERB
iiclr-17591	1296	16	on	on	ADP
iiclr-17591	1296	17	the	the	DET
iiclr-17591	1296	18	primary	primary	ADJ
iiclr-17591	1296	19	stock	stock	NOUN
iiclr-17591	1296	20	exchange	exchange	NOUN
iiclr-17591	1296	21	to	to	PART
iiclr-17591	1296	22	be	be	AUX
iiclr-17591	1296	23	between	between	ADP
iiclr-17591	1296	24	1,000	1,000	NUM
iiclr-17591	1296	25	(	(	PUNCT
iiclr-17591	1296	26	attilio	attilio	PROPN
iiclr-17591	1296	27	ventura	ventura	PROPN
iiclr-17591	1296	28	,	,	PUNCT
iiclr-17591	1296	29	chairman	chairman	NOUN
iiclr-17591	1296	30	of	of	ADP
iiclr-17591	1296	31	the	the	DET
iiclr-17591	1296	32	exchange	exchange	PROPN
iiclr-17591	1296	33	council	council	PROPN
iiclr-17591	1296	34	,	,	PUNCT
iiclr-17591	1296	35	il	il	PROPN
iiclr-17591	1296	36	sole	sole	ADJ
iiclr-17591	1296	37	24	24	NUM
iiclr-17591	1296	38	ore	ore	NOUN
iiclr-17591	1296	39	,	,	PUNCT
iiclr-17591	1296	40	mar	mar	PROPN
iiclr-17591	1296	41	.	.	PROPN
iiclr-17591	1296	42	26	26	NUM
iiclr-17591	1296	43	,	,	PUNCT
iiclr-17591	1296	44	1994	1994	NUM
iiclr-17591	1296	45	,	,	PUNCT
iiclr-17591	1296	46	at	at	ADP
iiclr-17591	1296	47	29	29	NUM
iiclr-17591	1296	48	)	)	PUNCT
iiclr-17591	1296	49	,	,	PUNCT
iiclr-17591	1296	50	1,500	1,500	NUM
iiclr-17591	1296	51	(	(	PUNCT
iiclr-17591	1296	52	enzo	enzo	NOUN
iiclr-17591	1296	53	berlanda	berlanda	NOUN
iiclr-17591	1296	54	,	,	PUNCT
iiclr-17591	1296	55	chairman	chairman	NOUN
iiclr-17591	1296	56	of	of	ADP
iiclr-17591	1296	57	the	the	DET
iiclr-17591	1296	58	consob	consob	NOUN
iiclr-17591	1296	59	,	,	PUNCT
iiclr-17591	1296	60	il	il	PROPN
iiclr-17591	1296	61	sole	sole	ADJ
iiclr-17591	1296	62	24	24	NUM
iiclr-17591	1296	63	ore	ore	NOUN
iiclr-17591	1296	64	,	,	PUNCT
iiclr-17591	1296	65	apr	apr	PROPN
iiclr-17591	1296	66	.	.	PROPN
iiclr-17591	1296	67	9	9	NUM
iiclr-17591	1296	68	,	,	PUNCT
iiclr-17591	1296	69	1994	1994	NUM
iiclr-17591	1296	70	,	,	PUNCT
iiclr-17591	1296	71	at	at	ADP
iiclr-17591	1296	72	25	25	NUM
iiclr-17591	1296	73	)	)	PUNCT
iiclr-17591	1296	74	,	,	PUNCT
iiclr-17591	1296	75	and	and	CCONJ
iiclr-17591	1296	76	1,700	1,700	NUM
iiclr-17591	1296	77	(	(	PUNCT
iiclr-17591	1296	78	antonio	antonio	PROPN
iiclr-17591	1296	79	fazio	fazio	PROPN
iiclr-17591	1296	80	,	,	PUNCT
iiclr-17591	1296	81	governor	governor	NOUN
iiclr-17591	1296	82	of	of	ADP
iiclr-17591	1296	83	the	the	DET
iiclr-17591	1296	84	bank	bank	PROPN
iiclr-17591	1296	85	of	of	ADP
iiclr-17591	1296	86	italy	italy	PROPN
iiclr-17591	1296	87	,	,	PUNCT
iiclr-17591	1296	88	la	la	PROPN
iiclr-17591	1296	89	stampa	stampa	PROPN
iiclr-17591	1296	90	,	,	PUNCT
iiclr-17591	1296	91	june	june	PROPN
iiclr-17591	1296	92	23	23	NUM
iiclr-17591	1296	93	,	,	PUNCT
iiclr-17591	1296	94	1994	1994	NUM
iiclr-17591	1296	95	,	,	PUNCT
iiclr-17591	1296	96	at	at	ADP
iiclr-17591	1296	97	19	19	NUM
iiclr-17591	1296	98	)	)	PUNCT
iiclr-17591	1296	99	.	.	PUNCT
iiclr-17591	1297	1	extremely	extremely	ADV
iiclr-17591	1297	2	significant	significant	ADJ
iiclr-17591	1297	3	is	be	AUX
iiclr-17591	1297	4	the	the	DET
iiclr-17591	1297	5	fact	fact	NOUN
iiclr-17591	1297	6	that	that	SCONJ
iiclr-17591	1297	7	the	the	DET
iiclr-17591	1297	8	average	average	ADJ
iiclr-17591	1297	9	capitalization	capitalization	NOUN
iiclr-17591	1297	10	of	of	ADP
iiclr-17591	1297	11	companies	company	NOUN
iiclr-17591	1297	12	listed	list	VERB
iiclr-17591	1297	13	on	on	ADP
iiclr-17591	1297	14	the	the	DET
iiclr-17591	1297	15	italian	italian	ADJ
iiclr-17591	1297	16	stock	stock	NOUN
iiclr-17591	1297	17	exchange	exchange	NOUN
iiclr-17591	1297	18	is	be	AUX
iiclr-17591	1297	19	roughly	roughly	ADV
iiclr-17591	1297	20	twice	twice	DET
iiclr-17591	1297	21	that	that	PRON
iiclr-17591	1297	22	of	of	ADP
iiclr-17591	1297	23	the	the	DET
iiclr-17591	1297	24	companies	company	NOUN
iiclr-17591	1297	25	listed	list	VERB
iiclr-17591	1297	26	on	on	ADP
iiclr-17591	1297	27	the	the	DET
iiclr-17591	1297	28	nyse	nyse	PROPN
iiclr-17591	1297	29	(	(	PUNCT
iiclr-17591	1297	30	source	source	NOUN
iiclr-17591	1297	31	:	:	PUNCT
iiclr-17591	1297	32	consob	consob	NOUN
iiclr-17591	1297	33	,	,	PUNCT
iiclr-17591	1297	34	quoted	quote	VERB
iiclr-17591	1297	35	in	in	ADP
iiclr-17591	1297	36	rendina	rendina	NOUN
iiclr-17591	1297	37	,	,	PUNCT
iiclr-17591	1297	38	supra	supra	PROPN
iiclr-17591	1297	39	note	note	NOUN
iiclr-17591	1297	40	145	145	NUM
iiclr-17591	1297	41	)	)	PUNCT
iiclr-17591	1297	42	.	.	PUNCT
iiclr-17591	1298	1	148	148	NUM
iiclr-17591	1298	2	.	.	PUNCT
iiclr-17591	1299	1	thenumber	thenumber	NOUN
iiclr-17591	1299	2	of	of	ADP
iiclr-17591	1299	3	companies	company	NOUN
iiclr-17591	1299	4	listed	list	VERB
iiclr-17591	1299	5	in	in	ADP
iiclr-17591	1299	6	italy	italy	PROPN
iiclr-17591	1299	7	(	(	PUNCT
iiclr-17591	1299	8	primary	primary	ADJ
iiclr-17591	1299	9	stock	stock	NOUN
iiclr-17591	1299	10	exchange	exchange	PROPN
iiclr-17591	1299	11	)	)	PUNCT
iiclr-17591	1299	12	grew	grow	VERB
iiclr-17591	1299	13	from	from	ADP
iiclr-17591	1299	14	147	147	NUM
iiclr-17591	1299	15	in	in	ADP
iiclr-17591	1299	16	1985	1985	NUM
iiclr-17591	1299	17	to	to	ADP
iiclr-17591	1299	18	206	206	NUM
iiclr-17591	1299	19	in	in	ADP
iiclr-17591	1299	20	1993	1993	NUM
iiclr-17591	1299	21	,	,	PUNCT
iiclr-17591	1299	22	while	while	SCONJ
iiclr-17591	1299	23	at	at	ADP
iiclr-17591	1299	24	the	the	DET
iiclr-17591	1299	25	same	same	ADJ
iiclr-17591	1299	26	time	time	NOUN
iiclr-17591	1299	27	the	the	DET
iiclr-17591	1299	28	number	number	NOUN
iiclr-17591	1299	29	of	of	ADP
iiclr-17591	1299	30	companies	company	NOUN
iiclr-17591	1299	31	listed	list	VERB
iiclr-17591	1299	32	on	on	ADP
iiclr-17591	1299	33	primary	primary	ADJ
iiclr-17591	1299	34	stock	stock	NOUN
iiclr-17591	1299	35	exchanges	exchange	NOUN
iiclr-17591	1299	36	shrunk	shrink	VERB
iiclr-17591	1299	37	(	(	PUNCT
iiclr-17591	1299	38	slightly	slightly	ADV
iiclr-17591	1299	39	)	)	PUNCT
iiclr-17591	1299	40	from	from	ADP
iiclr-17591	1299	41	489	489	NUM
iiclr-17591	1299	42	to	to	ADP
iiclr-17591	1299	43	472	472	NUM
iiclr-17591	1299	44	in	in	ADP
iiclr-17591	1299	45	france	france	PROPN
iiclr-17591	1299	46	,	,	PUNCT
iiclr-17591	1299	47	from	from	ADP
iiclr-17591	1299	48	472	472	NUM
iiclr-17591	1299	49	to	to	ADP
iiclr-17591	1299	50	426	426	NUM
iiclr-17591	1299	51	in	in	ADP
iiclr-17591	1299	52	germany	germany	PROPN
iiclr-17591	1299	53	and	and	CCONJ
iiclr-17591	1299	54	from	from	ADP
iiclr-17591	1299	55	2,188	2,188	NUM
iiclr-17591	1299	56	to	to	ADP
iiclr-17591	1299	57	1,927	1,927	NUM
iiclr-17591	1299	58	in	in	ADP
iiclr-17591	1299	59	the	the	DET
iiclr-17591	1299	60	united	united	ADJ
iiclr-17591	1299	61	kingdom	kingdom	PROPN
iiclr-17591	1299	62	(	(	PUNCT
iiclr-17591	1299	63	source	source	NOUN
iiclr-17591	1299	64	:	:	PUNCT
iiclr-17591	1299	65	rapporto	rapporto	PROPN
iiclr-17591	1299	66	irs	irs	PROPN
iiclr-17591	1299	67	sul	sul	PROPN
iiclr-17591	1299	68	mercato	mercato	PROPN
iiclr-17591	1299	69	azionario	azionario	PROPN
iiclr-17591	1299	70	1993	1993	NUM
iiclr-17591	1299	71	(	(	PUNCT
iiclr-17591	1299	72	1994	1994	NUM
iiclr-17591	1299	73	)	)	PUNCT
iiclr-17591	1299	74	,	,	PUNCT
iiclr-17591	1299	75	discussed	discuss	VERB
iiclr-17591	1299	76	in	in	ADP
iiclr-17591	1299	77	alberto	alberto	PROPN
iiclr-17591	1299	78	ronchetti	ronchetti	PROPN
iiclr-17591	1299	79	,	,	PUNCT
iiclr-17591	1299	80	matricole	matricole	NOUN
iiclr-17591	1299	81	cercansi	cercansi	NOUN
iiclr-17591	1299	82	,	,	PUNCT
iiclr-17591	1299	83	monoo	monoo	PROPN
iiclr-17591	1299	84	economico	economico	PROPN
iiclr-17591	1299	85	,	,	PUNCT
iiclr-17591	1299	86	jan	jan	PROPN
iiclr-17591	1299	87	.	.	PROPN
iiclr-17591	1299	88	30	30	NUM
iiclr-17591	1299	89	,	,	PUNCT
iiclr-17591	1299	90	1995	1995	NUM
iiclr-17591	1299	91	,	,	PUNCT
iiclr-17591	1299	92	1995	1995	NUM
iiclr-17591	1299	93	]	]	X
iiclr-17591	1299	94	ind	ind	NOUN
iiclr-17591	1299	95	.	.	PUNCT
iiclr-17591	1300	1	int'l	int'l	PROPN
iiclr-17591	1300	2	&	&	CCONJ
iiclr-17591	1300	3	comp	comp	PROPN
iiclr-17591	1300	4	.	.	PUNCT
iiclr-17591	1301	1	l	l	PROPN
iiclr-17591	1301	2	rev	rev	VERB
iiclr-17591	1301	3	.	.	PROPN
iiclr-17591	1301	4	probably	probably	ADV
iiclr-17591	1301	5	remain	remain	VERB
iiclr-17591	1301	6	a	a	DET
iiclr-17591	1301	7	comparatively	comparatively	ADV
iiclr-17591	1301	8	less	less	ADV
iiclr-17591	1301	9	important	important	ADJ
iiclr-17591	1301	10	institution	institution	NOUN
iiclr-17591	1301	11	in	in	ADP
iiclr-17591	1301	12	italy	italy	PROPN
iiclr-17591	1301	13	than	than	SCONJ
iiclr-17591	1301	14	it	it	PRON
iiclr-17591	1301	15	is	be	AUX
iiclr-17591	1301	16	abroad	abroad	ADV
iiclr-17591	1301	17	.	.	PUNCT
iiclr-17591	1302	1	even	even	ADV
iiclr-17591	1302	2	more	more	ADV
iiclr-17591	1302	3	important	important	ADJ
iiclr-17591	1302	4	,	,	PUNCT
iiclr-17591	1302	5	however	however	ADV
iiclr-17591	1302	6	,	,	PUNCT
iiclr-17591	1302	7	is	be	AUX
iiclr-17591	1302	8	the	the	DET
iiclr-17591	1302	9	ownership	ownership	NOUN
iiclr-17591	1302	10	structure	structure	NOUN
iiclr-17591	1302	11	of	of	ADP
iiclr-17591	1302	12	these	these	DET
iiclr-17591	1302	13	companies	company	NOUN
iiclr-17591	1302	14	.	.	PUNCT
iiclr-17591	1303	1	data	datum	NOUN
iiclr-17591	1303	2	regularly	regularly	ADV
iiclr-17591	1303	3	collected	collect	VERB
iiclr-17591	1303	4	by	by	ADP
iiclr-17591	1303	5	the	the	DET
iiclr-17591	1303	6	consob	consob	NOUN
iiclr-17591	1303	7	,	,	PUNCT
iiclr-17591	1303	8	the	the	DET
iiclr-17591	1303	9	supervisory	supervisory	ADJ
iiclr-17591	1303	10	agency	agency	NOUN
iiclr-17591	1303	11	for	for	ADP
iiclr-17591	1303	12	public	public	ADJ
iiclr-17591	1303	13	capital	capital	NOUN
iiclr-17591	1303	14	markets	market	NOUN
iiclr-17591	1303	15	,	,	PUNCT
iiclr-17591	1303	16	and	and	CCONJ
iiclr-17591	1303	17	regularly	regularly	ADV
iiclr-17591	1303	18	published	publish	VERB
iiclr-17591	1303	19	pursuant	pursuant	ADV
iiclr-17591	1303	20	to	to	ADP
iiclr-17591	1303	21	the	the	DET
iiclr-17591	1303	22	italian	italian	ADJ
iiclr-17591	1303	23	law	law	NOUN
iiclr-17591	1303	24	on	on	ADP
iiclr-17591	1303	25	tender	tender	ADJ
iiclr-17591	1303	26	offers	offer	NOUN
iiclr-17591	1303	27	,	,	PUNCT
iiclr-17591	1303	28	49	49	NUM
iiclr-17591	1303	29	reveal	reveal	VERB
iiclr-17591	1303	30	that	that	SCONJ
iiclr-17591	1303	31	all	all	PRON
iiclr-17591	1303	32	but	but	CCONJ
iiclr-17591	1303	33	around	around	ADP
iiclr-17591	1303	34	fifty	fifty	NUM
iiclr-17591	1303	35	listed	list	VERB
iiclr-17591	1303	36	companies	company	NOUN
iiclr-17591	1303	37	have	have	VERB
iiclr-17591	1303	38	a	a	DET
iiclr-17591	1303	39	shareholder	shareholder	NOUN
iiclr-17591	1303	40	or	or	CCONJ
iiclr-17591	1303	41	a	a	DET
iiclr-17591	1303	42	group	group	NOUN
iiclr-17591	1303	43	of	of	ADP
iiclr-17591	1303	44	shareholders	shareholder	NOUN
iiclr-17591	1303	45	stably	stably	ADV
iiclr-17591	1303	46	associated	associate	VERB
iiclr-17591	1303	47	holding	hold	VERB
iiclr-17591	1303	48	more	more	ADJ
iiclr-17591	1303	49	than	than	ADP
iiclr-17591	1303	50	fifty	fifty	NUM
iiclr-17591	1303	51	percent	percent	NOUN
iiclr-17591	1303	52	of	of	ADP
iiclr-17591	1303	53	the	the	DET
iiclr-17591	1303	54	voting	voting	NOUN
iiclr-17591	1303	55	capital	capital	NOUN
iiclr-17591	1303	56	.	.	PUNCT
iiclr-17591	1304	1	50	50	NUM
iiclr-17591	1304	2	estimates	estimate	NOUN
iiclr-17591	1304	3	keeping	keep	VERB
iiclr-17591	1304	4	account	account	NOUN
iiclr-17591	1304	5	also	also	ADV
iiclr-17591	1304	6	of	of	ADP
iiclr-17591	1304	7	"	"	PUNCT
iiclr-17591	1304	8	informal	informal	ADJ
iiclr-17591	1304	9	"	"	PUNCT
iiclr-17591	1304	10	associations	association	NOUN
iiclr-17591	1304	11	among	among	ADP
iiclr-17591	1304	12	shareholders	shareholder	NOUN
iiclr-17591	1304	13	(	(	PUNCT
iiclr-17591	1304	14	family	family	NOUN
iiclr-17591	1304	15	relationships	relationship	NOUN
iiclr-17591	1304	16	,	,	PUNCT
iiclr-17591	1304	17	principally	principally	ADV
iiclr-17591	1304	18	)	)	PUNCT
iiclr-17591	1304	19	put	put	VERB
iiclr-17591	1304	20	the	the	DET
iiclr-17591	1304	21	number	number	NOUN
iiclr-17591	1304	22	of	of	ADP
iiclr-17591	1304	23	companies	company	NOUN
iiclr-17591	1304	24	without	without	ADP
iiclr-17591	1304	25	an	an	DET
iiclr-17591	1304	26	absolute	absolute	ADJ
iiclr-17591	1304	27	majority	majority	NOUN
iiclr-17591	1304	28	controlling	control	VERB
iiclr-17591	1304	29	group	group	NOUN
iiclr-17591	1304	30	at	at	ADP
iiclr-17591	1304	31	around	around	ADV
iiclr-17591	1304	32	thirty	thirty	NUM
iiclr-17591	1304	33	.	.	PUNCT
iiclr-17591	1304	34	'	'	PUNCT
iiclr-17591	1305	1	"	"	PUNCT
iiclr-17591	1305	2	all	all	DET
iiclr-17591	1305	3	other	other	ADJ
iiclr-17591	1305	4	companies	company	NOUN
iiclr-17591	1305	5	,	,	PUNCT
iiclr-17591	1305	6	i.e.	i.e.	X
iiclr-17591	1305	7	,	,	PUNCT
iiclr-17591	1305	8	more	more	ADJ
iiclr-17591	1305	9	than	than	ADP
iiclr-17591	1305	10	200	200	NUM
iiclr-17591	1305	11	,	,	PUNCT
iiclr-17591	1305	12	are	be	AUX
iiclr-17591	1305	13	not	not	PART
iiclr-17591	1305	14	only	only	ADV
iiclr-17591	1305	15	closely	closely	ADV
iiclr-17591	1305	16	watched	watch	VERB
iiclr-17591	1305	17	by	by	ADP
iiclr-17591	1305	18	powerful	powerful	ADJ
iiclr-17591	1305	19	shareholders	shareholder	NOUN
iiclr-17591	1305	20	but	but	CCONJ
iiclr-17591	1305	21	also	also	ADV
iiclr-17591	1305	22	takeover	takeover	NOUN
iiclr-17591	1305	23	-	-	NOUN
iiclr-17591	1305	24	proof	proof	ADJ
iiclr-17591	1305	25	.	.	PUNCT
iiclr-17591	1306	1	'52	'52	NUM
iiclr-17591	1306	2	there	there	PRON
iiclr-17591	1306	3	is	be	VERB
iiclr-17591	1306	4	more	more	ADJ
iiclr-17591	1306	5	.	.	PUNCT
iiclr-17591	1307	1	even	even	ADV
iiclr-17591	1307	2	in	in	ADP
iiclr-17591	1307	3	companies	company	NOUN
iiclr-17591	1307	4	with	with	ADP
iiclr-17591	1307	5	a	a	DET
iiclr-17591	1307	6	float	float	NOUN
iiclr-17591	1307	7	higher	high	ADJ
iiclr-17591	1307	8	than	than	ADP
iiclr-17591	1307	9	fifty	fifty	NUM
iiclr-17591	1307	10	percent	percent	NOUN
iiclr-17591	1307	11	,	,	PUNCT
iiclr-17591	1307	12	shareholders	shareholder	NOUN
iiclr-17591	1307	13	have	have	VERB
iiclr-17591	1307	14	a	a	DET
iiclr-17591	1307	15	strong	strong	ADJ
iiclr-17591	1307	16	voice	voice	NOUN
iiclr-17591	1307	17	;	;	PUNCT
iiclr-17591	1307	18	the	the	DET
iiclr-17591	1307	19	same	same	ADJ
iiclr-17591	1307	20	data	datum	NOUN
iiclr-17591	1307	21	shows	show	VERB
iiclr-17591	1307	22	that	that	SCONJ
iiclr-17591	1307	23	most	most	ADJ
iiclr-17591	1307	24	of	of	ADP
iiclr-17591	1307	25	these	these	DET
iiclr-17591	1307	26	companies	company	NOUN
iiclr-17591	1307	27	have	have	VERB
iiclr-17591	1307	28	shareholders	shareholder	NOUN
iiclr-17591	1307	29	,	,	PUNCT
iiclr-17591	1307	30	or	or	CCONJ
iiclr-17591	1307	31	stable	stable	ADJ
iiclr-17591	1307	32	associations	association	NOUN
iiclr-17591	1307	33	of	of	ADP
iiclr-17591	1307	34	shareholders	shareholder	NOUN
iiclr-17591	1307	35	,	,	PUNCT
iiclr-17591	1307	36	holding	hold	VERB
iiclr-17591	1307	37	between	between	ADP
iiclr-17591	1307	38	fifteen	fifteen	NUM
iiclr-17591	1307	39	and	and	CCONJ
iiclr-17591	1307	40	forty	forty	NUM
iiclr-17591	1307	41	-	-	PUNCT
iiclr-17591	1307	42	nine	nine	NUM
iiclr-17591	1307	43	percent	percent	NOUN
iiclr-17591	1307	44	.	.	PUNCT
iiclr-17591	1307	45	'	'	PUNCT
iiclr-17591	1308	1	very	very	ADV
iiclr-17591	1308	2	few	few	ADJ
iiclr-17591	1308	3	companies	company	NOUN
iiclr-17591	1308	4	,	,	PUNCT
iiclr-17591	1308	5	also	also	ADV
iiclr-17591	1308	6	having	have	VERB
iiclr-17591	1308	7	large	large	ADJ
iiclr-17591	1308	8	shareholders	shareholder	NOUN
iiclr-17591	1308	9	,	,	PUNCT
iiclr-17591	1308	10	are	be	AUX
iiclr-17591	1308	11	possible	possible	ADJ
iiclr-17591	1308	12	targets	target	NOUN
iiclr-17591	1308	13	of	of	ADP
iiclr-17591	1308	14	hostile	hostile	ADJ
iiclr-17591	1308	15	takeovers	takeover	NOUN
iiclr-17591	1308	16	,	,	PUNCT
iiclr-17591	1308	17	and	and	CCONJ
iiclr-17591	1308	18	,	,	PUNCT
iiclr-17591	1308	19	interestingly	interestingly	ADV
iiclr-17591	1308	20	enough	enough	ADV
iiclr-17591	1308	21	,	,	PUNCT
iiclr-17591	1308	22	one	one	NUM
iiclr-17591	1308	23	of	of	ADP
iiclr-17591	1308	24	them	they	PRON
iiclr-17591	1308	25	was	be	AUX
iiclr-17591	1308	26	taken	take	VERB
iiclr-17591	1308	27	over	over	ADP
iiclr-17591	1308	28	in	in	ADP
iiclr-17591	1308	29	early	early	ADJ
iiclr-17591	1308	30	1995	1995	NUM
iiclr-17591	1308	31	.	.	PUNCT
iiclr-17591	1309	1	there	there	PRON
iiclr-17591	1309	2	are	be	VERB
iiclr-17591	1309	3	a	a	DET
iiclr-17591	1309	4	few	few	ADJ
iiclr-17591	1309	5	real	real	ADJ
iiclr-17591	1309	6	public	public	ADJ
iiclr-17591	1309	7	companies	company	NOUN
iiclr-17591	1309	8	in	in	ADP
iiclr-17591	1309	9	italy	italy	PROPN
iiclr-17591	1309	10	:	:	PUNCT
iiclr-17591	1309	11	the	the	DET
iiclr-17591	1309	12	banche	banche	X
iiclr-17591	1309	13	popolari	popolari	NOUN
iiclr-17591	1309	14	[	[	PUNCT
iiclr-17591	1309	15	popular	popular	ADJ
iiclr-17591	1309	16	banks	bank	NOUN
iiclr-17591	1309	17	]	]	PUNCT
iiclr-17591	1309	18	,	,	PUNCT
iiclr-17591	1309	19	many	many	ADJ
iiclr-17591	1309	20	of	of	ADP
iiclr-17591	1309	21	which	which	PRON
iiclr-17591	1309	22	are	be	AUX
iiclr-17591	1309	23	listed	list	VERB
iiclr-17591	1309	24	and	and	CCONJ
iiclr-17591	1309	25	very	very	ADV
iiclr-17591	1309	26	healthy	healthy	ADJ
iiclr-17591	1309	27	.	.	PUNCT
iiclr-17591	1310	1	they	they	PRON
iiclr-17591	1310	2	are	be	AUX
iiclr-17591	1310	3	public	public	ADJ
iiclr-17591	1310	4	companies	company	NOUN
iiclr-17591	1310	5	,	,	PUNCT
iiclr-17591	1310	6	however	however	ADV
iiclr-17591	1310	7	,	,	PUNCT
iiclr-17591	1310	8	not	not	PART
iiclr-17591	1310	9	because	because	SCONJ
iiclr-17591	1310	10	of	of	ADP
iiclr-17591	1310	11	the	the	DET
iiclr-17591	1310	12	spontaneous	spontaneous	ADJ
iiclr-17591	1310	13	play	play	NOUN
iiclr-17591	1310	14	of	of	ADP
iiclr-17591	1310	15	market	market	NOUN
iiclr-17591	1310	16	forces,"5	forces,"5	NOUN
iiclr-17591	1310	17	4	4	NUM
iiclr-17591	1310	18	but	but	CCONJ
iiclr-17591	1310	19	at	at	ADP
iiclr-17591	1310	20	65	65	NUM
iiclr-17591	1310	21	)	)	PUNCT
iiclr-17591	1310	22	.	.	PUNCT
iiclr-17591	1311	1	(	(	PUNCT
iiclr-17591	1311	2	the	the	DET
iiclr-17591	1311	3	number	number	NOUN
iiclr-17591	1311	4	of	of	ADP
iiclr-17591	1311	5	companies	company	NOUN
iiclr-17591	1311	6	listed	list	VERB
iiclr-17591	1311	7	on	on	ADP
iiclr-17591	1311	8	the	the	DET
iiclr-17591	1311	9	italian	italian	ADJ
iiclr-17591	1311	10	automated	automate	VERB
iiclr-17591	1311	11	stock	stock	NOUN
iiclr-17591	1311	12	exchange	exchange	NOUN
iiclr-17591	1311	13	was	be	AUX
iiclr-17591	1311	14	222	222	NUM
iiclr-17591	1311	15	in	in	ADP
iiclr-17591	1311	16	june	june	PROPN
iiclr-17591	1311	17	1995	1995	NUM
iiclr-17591	1311	18	:	:	PUNCT
iiclr-17591	1311	19	fib	fib	VERB
iiclr-17591	1311	20	30	30	NUM
iiclr-17591	1311	21	promosso	promosso	NOUN
iiclr-17591	1311	22	nel	nel	PROPN
iiclr-17591	1311	23	semestre	semestre	PROPN
iiclr-17591	1311	24	,	,	PUNCT
iiclr-17591	1311	25	l	l	PROPN
iiclr-17591	1311	26	sole24	sole24	NOUN
iiclr-17591	1311	27	ore	ore	NOUN
iiclr-17591	1311	28	,	,	PUNCT
iiclr-17591	1311	29	aug	aug	PROPN
iiclr-17591	1311	30	.	.	PROPN
iiclr-17591	1311	31	9	9	NUM
iiclr-17591	1311	32	,	,	PUNCT
iiclr-17591	1311	33	1995	1995	NUM
iiclr-17591	1311	34	,	,	PUNCT
iiclr-17591	1311	35	at	at	ADP
iiclr-17591	1311	36	23	23	NUM
iiclr-17591	1311	37	.	.	PUNCT
iiclr-17591	1311	38	)	)	PUNCT
iiclr-17591	1312	1	a	a	DET
iiclr-17591	1312	2	decisive	decisive	ADJ
iiclr-17591	1312	3	thrust	thrust	NOUN
iiclr-17591	1312	4	to	to	ADP
iiclr-17591	1312	5	the	the	DET
iiclr-17591	1312	6	increase	increase	NOUN
iiclr-17591	1312	7	in	in	ADP
iiclr-17591	1312	8	the	the	DET
iiclr-17591	1312	9	number	number	NOUN
iiclr-17591	1312	10	of	of	ADP
iiclr-17591	1312	11	listed	list	VERB
iiclr-17591	1312	12	companies	company	NOUN
iiclr-17591	1312	13	has	have	AUX
iiclr-17591	1312	14	come	come	VERB
iiclr-17591	1312	15	from	from	ADP
iiclr-17591	1312	16	a	a	DET
iiclr-17591	1312	17	very	very	ADV
iiclr-17591	1312	18	favorable	favorable	ADJ
iiclr-17591	1312	19	,	,	PUNCT
iiclr-17591	1312	20	if	if	SCONJ
iiclr-17591	1312	21	temporary	temporary	ADJ
iiclr-17591	1312	22	,	,	PUNCT
iiclr-17591	1312	23	tax	tax	NOUN
iiclr-17591	1312	24	regime	regime	NOUN
iiclr-17591	1312	25	introduced	introduce	VERB
iiclr-17591	1312	26	in	in	ADP
iiclr-17591	1312	27	1994	1994	NUM
iiclr-17591	1312	28	for	for	ADP
iiclr-17591	1312	29	companies	company	NOUN
iiclr-17591	1312	30	that	that	PRON
iiclr-17591	1312	31	choose	choose	VERB
iiclr-17591	1312	32	to	to	PART
iiclr-17591	1312	33	go	go	VERB
iiclr-17591	1312	34	public	public	ADJ
iiclr-17591	1312	35	.	.	PUNCT
iiclr-17591	1313	1	149	149	NUM
iiclr-17591	1313	2	.	.	PUNCT
iiclr-17591	1313	3	art	art	NOUN
iiclr-17591	1313	4	10(3	10(3	NUM
iiclr-17591	1313	5	)	)	PUNCT
iiclr-17591	1313	6	,	,	PUNCT
iiclr-17591	1313	7	law	law	NOUN
iiclr-17591	1313	8	of	of	ADP
iiclr-17591	1313	9	feb	feb	PROPN
iiclr-17591	1313	10	.	.	PROPN
iiclr-17591	1313	11	18	18	NUM
iiclr-17591	1313	12	,	,	PUNCT
iiclr-17591	1313	13	1992	1992	NUM
iiclr-17591	1313	14	,	,	PUNCT
iiclr-17591	1313	15	no	no	INTJ
iiclr-17591	1313	16	.	.	NOUN
iiclr-17591	1313	17	149	149	NUM
iiclr-17591	1313	18	.	.	PUNCT
iiclr-17591	1314	1	data	datum	NOUN
iiclr-17591	1314	2	are	be	AUX
iiclr-17591	1314	3	collected	collect	VERB
iiclr-17591	1314	4	from	from	ADP
iiclr-17591	1314	5	notifications	notification	NOUN
iiclr-17591	1314	6	by	by	ADP
iiclr-17591	1314	7	shareholders	shareholder	NOUN
iiclr-17591	1314	8	having	have	VERB
iiclr-17591	1314	9	more	more	ADJ
iiclr-17591	1314	10	than	than	ADP
iiclr-17591	1314	11	two	two	NUM
iiclr-17591	1314	12	per	per	ADP
iiclr-17591	1314	13	cent	cent	NOUN
iiclr-17591	1314	14	,	,	PUNCT
iiclr-17591	1314	15	mandated	mandate	VERB
iiclr-17591	1314	16	by	by	ADP
iiclr-17591	1314	17	art	art	NOUN
iiclr-17591	1314	18	.	.	PUNCT
iiclr-17591	1315	1	5	5	NUM
iiclr-17591	1315	2	to	to	PART
iiclr-17591	1315	3	5	5	NUM
iiclr-17591	1315	4	-	-	NOUN
iiclr-17591	1315	5	sexies	sexie	NOUN
iiclr-17591	1315	6	,	,	PUNCT
iiclr-17591	1315	7	law	law	NOUN
iiclr-17591	1315	8	of	of	ADP
iiclr-17591	1315	9	june	june	PROPN
iiclr-17591	1315	10	7	7	NUM
iiclr-17591	1315	11	,	,	PUNCT
iiclr-17591	1315	12	1974	1974	NUM
iiclr-17591	1315	13	,	,	PUNCT
iiclr-17591	1315	14	no	no	INTJ
iiclr-17591	1315	15	.	.	NOUN
iiclr-17591	1315	16	216	216	NUM
iiclr-17591	1315	17	.	.	PUNCT
iiclr-17591	1316	1	the	the	DET
iiclr-17591	1316	2	first	first	ADJ
iiclr-17591	1316	3	list	list	NOUN
iiclr-17591	1316	4	of	of	ADP
iiclr-17591	1316	5	companies	company	NOUN
iiclr-17591	1316	6	and	and	CCONJ
iiclr-17591	1316	7	percentages	percentage	NOUN
iiclr-17591	1316	8	was	be	AUX
iiclr-17591	1316	9	embodied	embody	VERB
iiclr-17591	1316	10	in	in	ADP
iiclr-17591	1316	11	comunicazione	comunicazione	NOUN
iiclr-17591	1316	12	consob	consob	NOUN
iiclr-17591	1316	13	no	no	NOUN
iiclr-17591	1316	14	.	.	NOUN
iiclr-17591	1316	15	92005380	92005380	NUM
iiclr-17591	1316	16	,	,	PUNCT
iiclr-17591	1316	17	published	publish	VERB
iiclr-17591	1316	18	in	in	ADP
iiclr-17591	1316	19	gazzetta	gazzetta	PROPN
iiclr-17591	1316	20	ufficiale	ufficiale	PROPN
iiclr-17591	1316	21	,	,	PUNCT
iiclr-17591	1316	22	aug	aug	PROPN
iiclr-17591	1316	23	.	.	PROPN
iiclr-17591	1316	24	3	3	NUM
iiclr-17591	1316	25	,	,	PUNCT
iiclr-17591	1316	26	1992	1992	NUM
iiclr-17591	1316	27	,	,	PUNCT
iiclr-17591	1316	28	no	no	INTJ
iiclr-17591	1316	29	.	.	NOUN
iiclr-17591	1316	30	181	181	NUM
iiclr-17591	1316	31	,	,	PUNCT
iiclr-17591	1316	32	and	and	CCONJ
iiclr-17591	1316	33	is	be	AUX
iiclr-17591	1316	34	regularly	regularly	ADV
iiclr-17591	1316	35	updated	update	VERB
iiclr-17591	1316	36	.	.	PUNCT
iiclr-17591	1317	1	150	150	NUM
iiclr-17591	1317	2	.	.	PUNCT
iiclr-17591	1318	1	"	"	PUNCT
iiclr-17591	1318	2	voting	vote	VERB
iiclr-17591	1318	3	capital	capital	NOUN
iiclr-17591	1318	4	"	"	PUNCT
iiclr-17591	1318	5	means	mean	VERB
iiclr-17591	1318	6	capital	capital	NOUN
iiclr-17591	1318	7	giving	give	VERB
iiclr-17591	1318	8	the	the	DET
iiclr-17591	1318	9	right	right	NOUN
iiclr-17591	1318	10	to	to	PART
iiclr-17591	1318	11	vote	vote	VERB
iiclr-17591	1318	12	in	in	ADP
iiclr-17591	1318	13	ordinary	ordinary	ADJ
iiclr-17591	1318	14	meetings	meeting	NOUN
iiclr-17591	1318	15	where	where	SCONJ
iiclr-17591	1318	16	directors	director	NOUN
iiclr-17591	1318	17	are	be	AUX
iiclr-17591	1318	18	elected	elect	VERB
iiclr-17591	1318	19	(	(	PUNCT
iiclr-17591	1318	20	supra	supra	PROPN
iiclr-17591	1318	21	note	note	PROPN
iiclr-17591	1318	22	37	37	NUM
iiclr-17591	1318	23	)	)	PUNCT
iiclr-17591	1318	24	.	.	PUNCT
iiclr-17591	1319	1	151	151	NUM
iiclr-17591	1319	2	.	.	PUNCT
iiclr-17591	1319	3	walter	walter	PROPN
iiclr-17591	1319	4	riolfi	riolfi	PROPN
iiclr-17591	1319	5	,	,	PUNCT
iiclr-17591	1319	6	aaa	aaa	NOUN
iiclr-17591	1319	7	public	public	ADJ
iiclr-17591	1319	8	company	company	NOUN
iiclr-17591	1319	9	cercasi	cercasi	PROPN
iiclr-17591	1319	10	,	,	PUNCT
iiclr-17591	1319	11	il	il	PROPN
iiclr-17591	1319	12	sole	sole	ADJ
iiclr-17591	1319	13	-24	-24	PUNCT
iiclr-17591	1319	14	ore	ore	NOUN
iiclr-17591	1319	15	,	,	PUNCT
iiclr-17591	1319	16	july	july	PROPN
iiclr-17591	1319	17	19	19	NUM
iiclr-17591	1319	18	,	,	PUNCT
iiclr-17591	1319	19	1994	1994	NUM
iiclr-17591	1319	20	,	,	PUNCT
iiclr-17591	1319	21	at	at	ADP
iiclr-17591	1319	22	29	29	NUM
iiclr-17591	1319	23	.	.	PUNCT
iiclr-17591	1319	24	152	152	NUM
iiclr-17591	1319	25	.	.	PUNCT
iiclr-17591	1320	1	this	this	PRON
iiclr-17591	1320	2	is	be	AUX
iiclr-17591	1320	3	probably	probably	ADV
iiclr-17591	1320	4	a	a	DET
iiclr-17591	1320	5	slight	slight	ADJ
iiclr-17591	1320	6	overstatement	overstatement	NOUN
iiclr-17591	1320	7	because	because	SCONJ
iiclr-17591	1320	8	of	of	ADP
iiclr-17591	1320	9	the	the	DET
iiclr-17591	1320	10	uncertain	uncertain	ADJ
iiclr-17591	1320	11	validity	validity	NOUN
iiclr-17591	1320	12	of	of	ADP
iiclr-17591	1320	13	shareholders	shareholder	NOUN
iiclr-17591	1320	14	'	'	PART
iiclr-17591	1320	15	agreements	agreement	NOUN
iiclr-17591	1320	16	.	.	PUNCT
iiclr-17591	1321	1	see	see	VERB
iiclr-17591	1321	2	infra	infra	NOUN
iiclr-17591	1321	3	paragraph	paragraph	NOUN
iiclr-17591	1321	4	iv.g	iv.g	NOUN
iiclr-17591	1321	5	.	.	PUNCT
iiclr-17591	1322	1	a	a	DET
iiclr-17591	1322	2	scenario	scenario	NOUN
iiclr-17591	1322	3	in	in	ADP
iiclr-17591	1322	4	which	which	PRON
iiclr-17591	1322	5	the	the	DET
iiclr-17591	1322	6	agreement	agreement	NOUN
iiclr-17591	1322	7	breaks	break	VERB
iiclr-17591	1322	8	down	down	ADP
iiclr-17591	1322	9	under	under	ADP
iiclr-17591	1322	10	pressure	pressure	NOUN
iiclr-17591	1322	11	from	from	ADP
iiclr-17591	1322	12	a	a	DET
iiclr-17591	1322	13	hostile	hostile	ADJ
iiclr-17591	1322	14	bidder	bidder	NOUN
iiclr-17591	1322	15	,	,	PUNCT
iiclr-17591	1322	16	and	and	CCONJ
iiclr-17591	1322	17	some	some	PRON
iiclr-17591	1322	18	of	of	ADP
iiclr-17591	1322	19	its	its	PRON
iiclr-17591	1322	20	members	member	NOUN
iiclr-17591	1322	21	tender	tender	VERB
iiclr-17591	1322	22	their	their	PRON
iiclr-17591	1322	23	shares	share	NOUN
iiclr-17591	1322	24	is	be	AUX
iiclr-17591	1322	25	therefore	therefore	ADV
iiclr-17591	1322	26	theoretically	theoretically	ADV
iiclr-17591	1322	27	possible	possible	ADJ
iiclr-17591	1322	28	.	.	PUNCT
iiclr-17591	1323	1	this	this	PRON
iiclr-17591	1323	2	did	do	AUX
iiclr-17591	1323	3	not	not	PART
iiclr-17591	1323	4	happen	happen	VERB
iiclr-17591	1323	5	,	,	PUNCT
iiclr-17591	1323	6	however	however	ADV
iiclr-17591	1323	7	,	,	PUNCT
iiclr-17591	1323	8	iii	iii	X
iiclr-17591	1323	9	a	a	DET
iiclr-17591	1323	10	hostile	hostile	ADJ
iiclr-17591	1323	11	takeover	takeover	NOUN
iiclr-17591	1323	12	attempt	attempt	NOUN
iiclr-17591	1323	13	of	of	ADP
iiclr-17591	1323	14	banco	banco	PROPN
iiclr-17591	1323	15	ambroveneto	ambroveneto	PROPN
iiclr-17591	1323	16	s.p.a	s.p.a	PROPN
iiclr-17591	1323	17	.	.	PUNCT
iiclr-17591	1324	1	that	that	PRON
iiclr-17591	1324	2	took	take	VERB
iiclr-17591	1324	3	place	place	NOUN
iiclr-17591	1324	4	in	in	ADP
iiclr-17591	1324	5	fil	fil	PROPN
iiclr-17591	1324	6	1994	1994	NUM
iiclr-17591	1324	7	.	.	PUNCT
iiclr-17591	1325	1	for	for	ADP
iiclr-17591	1325	2	more	more	ADJ
iiclr-17591	1325	3	details	detail	NOUN
iiclr-17591	1325	4	,	,	PUNCT
iiclr-17591	1325	5	see	see	VERB
iiclr-17591	1325	6	infra	infra	NOUN
iiclr-17591	1325	7	note	note	VERB
iiclr-17591	1325	8	175	175	NUM
iiclr-17591	1325	9	and	and	CCONJ
iiclr-17591	1325	10	accompanying	accompany	VERB
iiclr-17591	1325	11	text	text	NOUN
iiclr-17591	1325	12	.	.	PUNCT
iiclr-17591	1326	1	153	153	NUM
iiclr-17591	1326	2	.	.	PUNCT
iiclr-17591	1327	1	see	see	VERB
iiclr-17591	1327	2	infra	infra	NOUN
iiclr-17591	1327	3	paragraph	paragraph	NOUN
iiclr-17591	1327	4	iv.h	iv.h	NOUN
iiclr-17591	1327	5	.	.	PUNCT
iiclr-17591	1328	1	for	for	ADP
iiclr-17591	1328	2	detailed	detailed	ADJ
iiclr-17591	1328	3	data	datum	NOUN
iiclr-17591	1328	4	on	on	ADP
iiclr-17591	1328	5	ownership	ownership	NOUN
iiclr-17591	1328	6	structure	structure	NOUN
iiclr-17591	1328	7	.	.	PUNCT
iiclr-17591	1329	1	154	154	NUM
iiclr-17591	1329	2	.	.	PUNCT
iiclr-17591	1330	1	for	for	ADP
iiclr-17591	1330	2	"	"	PUNCT
iiclr-17591	1330	3	spontaneous	spontaneous	ADJ
iiclr-17591	1330	4	play	play	NOUN
iiclr-17591	1330	5	,	,	PUNCT
iiclr-17591	1330	6	"	"	PUNCT
iiclr-17591	1330	7	i	i	PRON
iiclr-17591	1330	8	mean	mean	VERB
iiclr-17591	1330	9	the	the	DET
iiclr-17591	1330	10	play	play	NOUN
iiclr-17591	1330	11	of	of	ADP
iiclr-17591	1330	12	market	market	NOUN
iiclr-17591	1330	13	forces	force	NOUN
iiclr-17591	1330	14	once	once	SCONJ
iiclr-17591	1330	15	the	the	DET
iiclr-17591	1330	16	regulatory	regulatory	ADJ
iiclr-17591	1330	17	framework	framework	NOUN
iiclr-17591	1330	18	is	be	AUX
iiclr-17591	1330	19	given	give	VERB
iiclr-17591	1330	20	,	,	PUNCT
iiclr-17591	1330	21	as	as	SCONJ
iiclr-17591	1330	22	pointed	point	VERB
iiclr-17591	1330	23	out	out	ADP
iiclr-17591	1330	24	by	by	ADP
iiclr-17591	1330	25	roe	roe	PROPN
iiclr-17591	1330	26	,	,	PUNCT
iiclr-17591	1330	27	supra	supra	PROPN
iiclr-17591	1330	28	note	note	NOUN
iiclr-17591	1330	29	16	16	NUM
iiclr-17591	1330	30	.	.	PUNCT
iiclr-17591	1331	1	[	[	X
iiclr-17591	1331	2	vol	vol	NOUN
iiclr-17591	1331	3	.	.	PUNCT
iiclr-17591	1332	1	6:1	6:1	NUM
iiclr-17591	1332	2	corporate	corporate	ADJ
iiclr-17591	1332	3	governance	governance	NOUN
iiclr-17591	1332	4	in	in	ADP
iiclr-17591	1332	5	italy	italy	PROPN
iiclr-17591	1332	6	because	because	SCONJ
iiclr-17591	1332	7	of	of	ADP
iiclr-17591	1332	8	their	their	PRON
iiclr-17591	1332	9	peculiar	peculiar	ADJ
iiclr-17591	1332	10	legal	legal	ADJ
iiclr-17591	1332	11	structure	structure	NOUN
iiclr-17591	1332	12	,	,	PUNCT
iiclr-17591	1332	13	based	base	VERB
iiclr-17591	1332	14	on	on	ADP
iiclr-17591	1332	15	a	a	DET
iiclr-17591	1332	16	very	very	ADV
iiclr-17591	1332	17	low	low	ADJ
iiclr-17591	1332	18	ownership	ownership	NOUN
iiclr-17591	1332	19	cap	cap	NOUN
iiclr-17591	1332	20	for	for	ADP
iiclr-17591	1332	21	each	each	DET
iiclr-17591	1332	22	shareholder	shareholder	NOUN
iiclr-17591	1332	23	(	(	PUNCT
iiclr-17591	1332	24	0.5	0.5	NUM
iiclr-17591	1332	25	%	%	NOUN
iiclr-17591	1332	26	)	)	PUNCT
iiclr-17591	1332	27	and	and	CCONJ
iiclr-17591	1332	28	on	on	ADP
iiclr-17591	1332	29	the	the	DET
iiclr-17591	1332	30	one	one	NUM
iiclr-17591	1332	31	-	-	PUNCT
iiclr-17591	1332	32	shareholder	shareholder	NOUN
iiclr-17591	1332	33	-	-	PUNCT
iiclr-17591	1332	34	one	one	NUM
iiclr-17591	1332	35	-	-	PUNCT
iiclr-17591	1332	36	vote	vote	NOUN
iiclr-17591	1332	37	principle	principle	NOUN
iiclr-17591	1332	38	.	.	PUNCT
iiclr-17591	1333	1	5	5	NUM
iiclr-17591	1333	2	apart	apart	ADV
iiclr-17591	1333	3	from	from	ADP
iiclr-17591	1333	4	this	this	DET
iiclr-17591	1333	5	exception	exception	NOUN
iiclr-17591	1333	6	,	,	PUNCT
iiclr-17591	1333	7	for	for	ADP
iiclr-17591	1333	8	a	a	DET
iiclr-17591	1333	9	number	number	NOUN
iiclr-17591	1333	10	of	of	ADP
iiclr-17591	1333	11	reasons	reason	NOUN
iiclr-17591	1333	12	negligible	negligible	ADJ
iiclr-17591	1333	13	from	from	ADP
iiclr-17591	1333	14	our	our	PRON
iiclr-17591	1333	15	perspective	perspective	NOUN
iiclr-17591	1333	16	,	,	PUNCT
iiclr-17591	1333	17	"	"	PUNCT
iiclr-17591	1333	18	6	6	NUM
iiclr-17591	1333	19	the	the	DET
iiclr-17591	1333	20	governance	governance	NOUN
iiclr-17591	1333	21	structure	structure	NOUN
iiclr-17591	1333	22	of	of	ADP
iiclr-17591	1333	23	italian	italian	ADJ
iiclr-17591	1333	24	companies	company	NOUN
iiclr-17591	1333	25	rests	rest	VERB
iiclr-17591	1333	26	on	on	ADP
iiclr-17591	1333	27	the	the	DET
iiclr-17591	1333	28	influence	influence	NOUN
iiclr-17591	1333	29	of	of	ADP
iiclr-17591	1333	30	"	"	PUNCT
iiclr-17591	1333	31	strong	strong	ADJ
iiclr-17591	1333	32	owners	owner	NOUN
iiclr-17591	1333	33	"	"	PUNCT
iiclr-17591	1333	34	over	over	ADP
iiclr-17591	1333	35	not	not	PART
iiclr-17591	1333	36	weak	weak	ADJ
iiclr-17591	1333	37	,	,	PUNCT
iiclr-17591	1333	38	but	but	CCONJ
iiclr-17591	1333	39	simply	simply	ADV
iiclr-17591	1333	40	faithful	faithful	ADJ
iiclr-17591	1333	41	managers	manager	NOUN
iiclr-17591	1333	42	.	.	PUNCT
iiclr-17591	1334	1	"	"	PUNCT
iiclr-17591	1334	2	"	"	PUNCT
iiclr-17591	1334	3	let	let	VERB
iiclr-17591	1334	4	155	155	NUM
iiclr-17591	1334	5	.	.	PUNCT
iiclr-17591	1334	6	art	art	NOUN
iiclr-17591	1334	7	.	.	PUNCT
iiclr-17591	1335	1	30	30	NUM
iiclr-17591	1335	2	,	,	PUNCT
iiclr-17591	1335	3	legislative	legislative	ADJ
iiclr-17591	1335	4	decree	decree	NOUN
iiclr-17591	1335	5	of	of	ADP
iiclr-17591	1335	6	sept	sept	PROPN
iiclr-17591	1335	7	.	.	PROPN
iiclr-17591	1335	8	1	1	NUM
iiclr-17591	1335	9	,	,	PUNCT
iiclr-17591	1335	10	1993	1993	NUM
iiclr-17591	1335	11	,	,	PUNCT
iiclr-17591	1335	12	no	no	INTJ
iiclr-17591	1335	13	.	.	NOUN
iiclr-17591	1335	14	385	385	NUM
iiclr-17591	1335	15	,	,	PUNCT
iiclr-17591	1335	16	has	have	AUX
iiclr-17591	1335	17	reformulated	reformulate	VERB
iiclr-17591	1335	18	,	,	PUNCT
iiclr-17591	1335	19	and	and	CCONJ
iiclr-17591	1335	20	slightly	slightly	ADV
iiclr-17591	1335	21	amended	amend	VERB
iiclr-17591	1335	22	,	,	PUNCT
iiclr-17591	1335	23	if	if	SCONJ
iiclr-17591	1335	24	not	not	PART
iiclr-17591	1335	25	in	in	ADP
iiclr-17591	1335	26	this	this	DET
iiclr-17591	1335	27	respect	respect	NOUN
iiclr-17591	1335	28	,	,	PUNCT
iiclr-17591	1335	29	a	a	DET
iiclr-17591	1335	30	long	long	ADV
iiclr-17591	1335	31	-	-	PUNCT
iiclr-17591	1335	32	standing	stand	VERB
iiclr-17591	1335	33	principle	principle	NOUN
iiclr-17591	1335	34	.	.	PUNCT
iiclr-17591	1336	1	apart	apart	ADV
iiclr-17591	1336	2	from	from	ADP
iiclr-17591	1336	3	some	some	DET
iiclr-17591	1336	4	classical	classical	ADJ
iiclr-17591	1336	5	phenomenon	phenomenon	NOUN
iiclr-17591	1336	6	of	of	ADP
iiclr-17591	1336	7	separation	separation	NOUN
iiclr-17591	1336	8	between	between	ADP
iiclr-17591	1336	9	ownership	ownership	NOUN
iiclr-17591	1336	10	and	and	CCONJ
iiclr-17591	1336	11	control	control	NOUN
iiclr-17591	1336	12	(	(	PUNCT
iiclr-17591	1336	13	fragmentation	fragmentation	NOUN
iiclr-17591	1336	14	,	,	PUNCT
iiclr-17591	1336	15	absenteeism	absenteeism	NOUN
iiclr-17591	1336	16	,	,	PUNCT
iiclr-17591	1336	17	self	self	NOUN
iiclr-17591	1336	18	-	-	PUNCT
iiclr-17591	1336	19	perpetuating	perpetuate	VERB
iiclr-17591	1336	20	board	board	NOUN
iiclr-17591	1336	21	,	,	PUNCT
iiclr-17591	1336	22	contexts	context	NOUN
iiclr-17591	1336	23	for	for	ADP
iiclr-17591	1336	24	control	control	NOUN
iiclr-17591	1336	25	in	in	ADP
iiclr-17591	1336	26	form	form	NOUN
iiclr-17591	1336	27	other	other	ADJ
iiclr-17591	1336	28	than	than	ADP
iiclr-17591	1336	29	a	a	DET
iiclr-17591	1336	30	tender	tender	NOUN
iiclr-17591	1336	31	offer	offer	NOUN
iiclr-17591	1336	32	,	,	PUNCT
iiclr-17591	1336	33	etc	etc	X
iiclr-17591	1336	34	.	.	X
iiclr-17591	1336	35	)	)	PUNCT
iiclr-17591	1336	36	,	,	PUNCT
iiclr-17591	1336	37	which	which	PRON
iiclr-17591	1336	38	can	can	AUX
iiclr-17591	1336	39	easily	easily	ADV
iiclr-17591	1336	40	fit	fit	VERB
iiclr-17591	1336	41	into	into	ADP
iiclr-17591	1336	42	the	the	DET
iiclr-17591	1336	43	traditional	traditional	ADJ
iiclr-17591	1336	44	literature	literature	NOUN
iiclr-17591	1336	45	on	on	ADP
iiclr-17591	1336	46	the	the	DET
iiclr-17591	1336	47	topic	topic	NOUN
iiclr-17591	1336	48	,	,	PUNCT
iiclr-17591	1336	49	the	the	DET
iiclr-17591	1336	50	governance	governance	NOUN
iiclr-17591	1336	51	of	of	ADP
iiclr-17591	1336	52	the	the	DET
iiclr-17591	1336	53	banche	banche	NOUN
iiclr-17591	1336	54	popolari	popolari	NOUN
iiclr-17591	1336	55	is	be	AUX
iiclr-17591	1336	56	largely	largely	ADV
iiclr-17591	1336	57	an	an	DET
iiclr-17591	1336	58	unstudied	unstudied	ADJ
iiclr-17591	1336	59	subject	subject	NOUN
iiclr-17591	1336	60	.	.	PUNCT
iiclr-17591	1337	1	156	156	NUM
iiclr-17591	1337	2	.	.	X
iiclr-17591	1337	3	banchepopolari	banchepopolari	PROPN
iiclr-17591	1337	4	have	have	VERB
iiclr-17591	1337	5	a	a	DET
iiclr-17591	1337	6	fair	fair	ADJ
iiclr-17591	1337	7	,	,	PUNCT
iiclr-17591	1337	8	if	if	SCONJ
iiclr-17591	1337	9	far	far	ADV
iiclr-17591	1337	10	from	from	ADP
iiclr-17591	1337	11	dominant	dominant	ADJ
iiclr-17591	1337	12	,	,	PUNCT
iiclr-17591	1337	13	share	share	NOUN
iiclr-17591	1337	14	of	of	ADP
iiclr-17591	1337	15	the	the	DET
iiclr-17591	1337	16	italian	italian	ADJ
iiclr-17591	1337	17	retail	retail	ADJ
iiclr-17591	1337	18	banking	banking	NOUN
iiclr-17591	1337	19	market	market	NOUN
iiclr-17591	1337	20	,	,	PUNCT
iiclr-17591	1337	21	and	and	CCONJ
iiclr-17591	1337	22	as	as	SCONJ
iiclr-17591	1337	23	noted	note	VERB
iiclr-17591	1337	24	in	in	ADP
iiclr-17591	1337	25	the	the	DET
iiclr-17591	1337	26	text	text	NOUN
iiclr-17591	1337	27	,	,	PUNCT
iiclr-17591	1337	28	they	they	PRON
iiclr-17591	1337	29	are	be	AUX
iiclr-17591	1337	30	performing	perform	VERB
iiclr-17591	1337	31	well	well	ADV
iiclr-17591	1337	32	.	.	PUNCT
iiclr-17591	1338	1	the	the	DET
iiclr-17591	1338	2	trend	trend	NOUN
iiclr-17591	1338	3	,	,	PUNCT
iiclr-17591	1338	4	however	however	ADV
iiclr-17591	1338	5	,	,	PUNCT
iiclr-17591	1338	6	appears	appear	VERB
iiclr-17591	1338	7	to	to	PART
iiclr-17591	1338	8	be	be	AUX
iiclr-17591	1338	9	towards	towards	ADP
iiclr-17591	1338	10	their	their	PRON
iiclr-17591	1338	11	"	"	PUNCT
iiclr-17591	1338	12	demutualization	demutualization	NOUN
iiclr-17591	1338	13	,	,	PUNCT
iiclr-17591	1338	14	"	"	PUNCT
iiclr-17591	1338	15	favored	favor	VERB
iiclr-17591	1338	16	by	by	ADP
iiclr-17591	1338	17	the	the	DET
iiclr-17591	1338	18	new	new	ADJ
iiclr-17591	1338	19	banking	banking	NOUN
iiclr-17591	1338	20	law	law	NOUN
iiclr-17591	1338	21	(	(	PUNCT
iiclr-17591	1338	22	art	art	NOUN
iiclr-17591	1338	23	.	.	PUNCT
iiclr-17591	1339	1	3	3	NUM
iiclr-17591	1339	2	1	1	NUM
iiclr-17591	1339	3	,	,	PUNCT
iiclr-17591	1339	4	legislative	legislative	ADJ
iiclr-17591	1339	5	decree	decree	NOUN
iiclr-17591	1339	6	of	of	ADP
iiclr-17591	1339	7	sept	sept	PROPN
iiclr-17591	1339	8	.	.	PROPN
iiclr-17591	1339	9	1	1	NUM
iiclr-17591	1339	10	,	,	PUNCT
iiclr-17591	1339	11	1993	1993	NUM
iiclr-17591	1339	12	,	,	PUNCT
iiclr-17591	1339	13	no	no	INTJ
iiclr-17591	1339	14	.	.	NOUN
iiclr-17591	1339	15	385	385	NUM
iiclr-17591	1339	16	)	)	PUNCT
iiclr-17591	1339	17	.	.	PUNCT
iiclr-17591	1340	1	moreover	moreover	ADV
iiclr-17591	1340	2	,	,	PUNCT
iiclr-17591	1340	3	it	it	PRON
iiclr-17591	1340	4	is	be	AUX
iiclr-17591	1340	5	clear	clear	ADJ
iiclr-17591	1340	6	that	that	SCONJ
iiclr-17591	1340	7	not	not	PART
iiclr-17591	1340	8	every	every	DET
iiclr-17591	1340	9	enterprise	enterprise	NOUN
iiclr-17591	1340	10	can	can	AUX
iiclr-17591	1340	11	be	be	AUX
iiclr-17591	1340	12	organized	organize	VERB
iiclr-17591	1340	13	on	on	ADP
iiclr-17591	1340	14	the	the	DET
iiclr-17591	1340	15	one	one	NUM
iiclr-17591	1340	16	-	-	PUNCT
iiclr-17591	1340	17	shareholder	shareholder	NOUN
iiclr-17591	1340	18	-	-	PUNCT
iiclr-17591	1340	19	one	one	NUM
iiclr-17591	1340	20	-	-	PUNCT
iiclr-17591	1340	21	vote	vote	NOUN
iiclr-17591	1340	22	principle	principle	NOUN
iiclr-17591	1340	23	and	and	CCONJ
iiclr-17591	1340	24	on	on	ADP
iiclr-17591	1340	25	such	such	DET
iiclr-17591	1340	26	a	a	DET
iiclr-17591	1340	27	low	low	ADJ
iiclr-17591	1340	28	ownership	ownership	NOUN
iiclr-17591	1340	29	cap	cap	NOUN
iiclr-17591	1340	30	.	.	PUNCT
iiclr-17591	1341	1	the	the	DET
iiclr-17591	1341	2	success	success	NOUN
iiclr-17591	1341	3	of	of	ADP
iiclr-17591	1341	4	such	such	DET
iiclr-17591	1341	5	a	a	DET
iiclr-17591	1341	6	scheme	scheme	NOUN
iiclr-17591	1341	7	,	,	PUNCT
iiclr-17591	1341	8	indeed	indeed	ADV
iiclr-17591	1341	9	,	,	PUNCT
iiclr-17591	1341	10	is	be	AUX
iiclr-17591	1341	11	closely	closely	ADV
iiclr-17591	1341	12	tied	tie	VERB
iiclr-17591	1341	13	to	to	ADP
iiclr-17591	1341	14	the	the	DET
iiclr-17591	1341	15	structure	structure	NOUN
iiclr-17591	1341	16	of	of	ADP
iiclr-17591	1341	17	the	the	DET
iiclr-17591	1341	18	firm	firm	NOUN
iiclr-17591	1341	19	's	's	PART
iiclr-17591	1341	20	activity	activity	NOUN
iiclr-17591	1341	21	and	and	CCONJ
iiclr-17591	1341	22	to	to	ADP
iiclr-17591	1341	23	the	the	DET
iiclr-17591	1341	24	economic	economic	ADJ
iiclr-17591	1341	25	and	and	CCONJ
iiclr-17591	1341	26	social	social	ADJ
iiclr-17591	1341	27	environment	environment	NOUN
iiclr-17591	1341	28	in	in	ADP
iiclr-17591	1341	29	which	which	PRON
iiclr-17591	1341	30	it	it	PRON
iiclr-17591	1341	31	operates	operate	VERB
iiclr-17591	1341	32	.	.	PUNCT
iiclr-17591	1342	1	-n'ry	-n'ry	X
iiclr-17591	1342	2	hansmann	hansmann	PROPN
iiclr-17591	1342	3	,	,	PUNCT
iiclr-17591	1342	4	the	the	DET
iiclr-17591	1342	5	ownership	ownership	NOUN
iiclr-17591	1342	6	of	of	ADP
iiclr-17591	1342	7	the	the	DET
iiclr-17591	1342	8	enterprise	enterprise	NOUN
iiclr-17591	1342	9	(	(	PUNCT
iiclr-17591	1342	10	forthcoming	forthcoming	ADJ
iiclr-17591	1342	11	,	,	PUNCT
iiclr-17591	1342	12	1995	1995	NUM
iiclr-17591	1342	13	)	)	PUNCT
iiclr-17591	1342	14	(	(	PUNCT
iiclr-17591	1342	15	success	success	NOUN
iiclr-17591	1342	16	of	of	ADP
iiclr-17591	1342	17	mutual	mutual	ADJ
iiclr-17591	1342	18	companies	company	NOUN
iiclr-17591	1342	19	is	be	AUX
iiclr-17591	1342	20	higher	high	ADJ
iiclr-17591	1342	21	in	in	ADP
iiclr-17591	1342	22	banking	banking	NOUN
iiclr-17591	1342	23	and	and	CCONJ
iiclr-17591	1342	24	insurance	insurance	NOUN
iiclr-17591	1342	25	industries	industry	NOUN
iiclr-17591	1342	26	,	,	PUNCT
iiclr-17591	1342	27	due	due	ADP
iiclr-17591	1342	28	to	to	ADP
iiclr-17591	1342	29	asymmetric	asymmetric	ADJ
iiclr-17591	1342	30	information	information	NOUN
iiclr-17591	1342	31	between	between	ADP
iiclr-17591	1342	32	banks	bank	NOUN
iiclr-17591	1342	33	and	and	CCONJ
iiclr-17591	1342	34	insurance	insurance	NOUN
iiclr-17591	1342	35	companies	company	NOUN
iiclr-17591	1342	36	,	,	PUNCT
iiclr-17591	1342	37	on	on	ADP
iiclr-17591	1342	38	the	the	DET
iiclr-17591	1342	39	one	one	NUM
iiclr-17591	1342	40	hand	hand	NOUN
iiclr-17591	1342	41	,	,	PUNCT
iiclr-17591	1342	42	and	and	CCONJ
iiclr-17591	1342	43	depositors	depositor	NOUN
iiclr-17591	1342	44	and	and	CCONJ
iiclr-17591	1342	45	insureds	insured	NOUN
iiclr-17591	1342	46	,	,	PUNCT
iiclr-17591	1342	47	on	on	ADP
iiclr-17591	1342	48	the	the	DET
iiclr-17591	1342	49	other	other	ADJ
iiclr-17591	1342	50	hand	hand	NOUN
iiclr-17591	1342	51	.	.	PUNCT
iiclr-17591	1343	1	this	this	DET
iiclr-17591	1343	2	success	success	NOUN
iiclr-17591	1343	3	tends	tend	VERB
iiclr-17591	1343	4	to	to	PART
iiclr-17591	1343	5	decrease	decrease	VERB
iiclr-17591	1343	6	as	as	SCONJ
iiclr-17591	1343	7	the	the	DET
iiclr-17591	1343	8	economy	economy	NOUN
iiclr-17591	1343	9	develops	develop	VERB
iiclr-17591	1343	10	)	)	PUNCT
iiclr-17591	1343	11	.	.	PUNCT
iiclr-17591	1344	1	157	157	NUM
iiclr-17591	1344	2	.	.	PUNCT
iiclr-17591	1345	1	i	i	PRON
iiclr-17591	1345	2	am	be	AUX
iiclr-17591	1345	3	obviously	obviously	ADV
iiclr-17591	1345	4	borrowing	borrow	VERB
iiclr-17591	1345	5	the	the	DET
iiclr-17591	1345	6	terminology	terminology	NOUN
iiclr-17591	1345	7	,	,	PUNCT
iiclr-17591	1345	8	reversing	reverse	VERB
iiclr-17591	1345	9	it	it	PRON
iiclr-17591	1345	10	,	,	PUNCT
iiclr-17591	1345	11	from	from	ADP
iiclr-17591	1345	12	roe	roe	PROPN
iiclr-17591	1345	13	,	,	PUNCT
iiclr-17591	1345	14	supra	supra	PROPN
iiclr-17591	1345	15	note	note	NOUN
iiclr-17591	1345	16	16	16	NUM
iiclr-17591	1345	17	.	.	PUNCT
iiclr-17591	1346	1	the	the	DET
iiclr-17591	1346	2	phenomenon	phenomenon	NOUN
iiclr-17591	1346	3	of	of	ADP
iiclr-17591	1346	4	shareholders	shareholder	NOUN
iiclr-17591	1346	5	'	'	PART
iiclr-17591	1346	6	influence	influence	NOUN
iiclr-17591	1346	7	is	be	AUX
iiclr-17591	1346	8	so	so	ADV
iiclr-17591	1346	9	resistant	resistant	ADJ
iiclr-17591	1346	10	that	that	SCONJ
iiclr-17591	1346	11	it	it	PRON
iiclr-17591	1346	12	has	have	AUX
iiclr-17591	1346	13	survived	survive	VERB
iiclr-17591	1346	14	recent	recent	ADJ
iiclr-17591	1346	15	attempts	attempt	NOUN
iiclr-17591	1346	16	to	to	PART
iiclr-17591	1346	17	counter	counter	VERB
iiclr-17591	1346	18	it	it	PRON
iiclr-17591	1346	19	by	by	ADP
iiclr-17591	1346	20	force	force	NOUN
iiclr-17591	1346	21	of	of	ADP
iiclr-17591	1346	22	law	law	NOUN
iiclr-17591	1346	23	.	.	PUNCT
iiclr-17591	1347	1	after	after	ADP
iiclr-17591	1347	2	intense	intense	ADJ
iiclr-17591	1347	3	political	political	ADJ
iiclr-17591	1347	4	debate	debate	NOUN
iiclr-17591	1347	5	,	,	PUNCT
iiclr-17591	1347	6	and	and	CCONJ
iiclr-17591	1347	7	pursuant	pursuant	ADJ
iiclr-17591	1347	8	to	to	ADP
iiclr-17591	1347	9	a	a	DET
iiclr-17591	1347	10	temporary	temporary	ADJ
iiclr-17591	1347	11	government	government	NOUN
iiclr-17591	1347	12	decree	decree	NOUN
iiclr-17591	1347	13	-	-	PUNCT
iiclr-17591	1347	14	law	law	NOUN
iiclr-17591	1347	15	enacted	enact	VERB
iiclr-17591	1347	16	five	five	NUM
iiclr-17591	1347	17	times	time	NOUN
iiclr-17591	1347	18	from	from	ADP
iiclr-17591	1347	19	september	september	PROPN
iiclr-17591	1347	20	1993	1993	NUM
iiclr-17591	1347	21	to	to	ADP
iiclr-17591	1347	22	may	may	PROPN
iiclr-17591	1347	23	1994	1994	NUM
iiclr-17591	1347	24	and	and	CCONJ
iiclr-17591	1347	25	finally	finally	ADV
iiclr-17591	1347	26	converted	convert	VERB
iiclr-17591	1347	27	by	by	ADP
iiclr-17591	1347	28	the	the	DET
iiclr-17591	1347	29	law	law	NOUN
iiclr-17591	1347	30	of	of	ADP
iiclr-17591	1347	31	july	july	PROPN
iiclr-17591	1347	32	30	30	NUM
iiclr-17591	1347	33	,	,	PUNCT
iiclr-17591	1347	34	1994	1994	NUM
iiclr-17591	1347	35	,	,	PUNCT
iiclr-17591	1347	36	no	no	INTJ
iiclr-17591	1347	37	.	.	PUNCT
iiclr-17591	1347	38	474	474	NUM
iiclr-17591	1347	39	,	,	PUNCT
iiclr-17591	1347	40	an	an	DET
iiclr-17591	1347	41	ownership	ownership	NOUN
iiclr-17591	1347	42	cap	cap	NOUN
iiclr-17591	1347	43	varying	vary	VERB
iiclr-17591	1347	44	from	from	ADP
iiclr-17591	1347	45	three	three	NUM
iiclr-17591	1347	46	to	to	PART
iiclr-17591	1347	47	ten	ten	NUM
iiclr-17591	1347	48	percent	percent	NOUN
iiclr-17591	1347	49	was	be	AUX
iiclr-17591	1347	50	introduced	introduce	VERB
iiclr-17591	1347	51	into	into	ADP
iiclr-17591	1347	52	the	the	DET
iiclr-17591	1347	53	charter	charter	NOUN
iiclr-17591	1347	54	of	of	ADP
iiclr-17591	1347	55	newly	newly	ADV
iiclr-17591	1347	56	privatized	privatized	ADJ
iiclr-17591	1347	57	companies	company	NOUN
iiclr-17591	1347	58	.	.	PUNCT
iiclr-17591	1348	1	at	at	ADP
iiclr-17591	1348	2	the	the	DET
iiclr-17591	1348	3	first	first	ADJ
iiclr-17591	1348	4	shareholders	shareholder	NOUN
iiclr-17591	1348	5	'	'	PART
iiclr-17591	1348	6	meetings	meeting	NOUN
iiclr-17591	1348	7	of	of	ADP
iiclr-17591	1348	8	the	the	DET
iiclr-17591	1348	9	two	two	NUM
iiclr-17591	1348	10	banks	bank	NOUN
iiclr-17591	1348	11	with	with	ADP
iiclr-17591	1348	12	an	an	DET
iiclr-17591	1348	13	ownership	ownership	NOUN
iiclr-17591	1348	14	cap	cap	NOUN
iiclr-17591	1348	15	set	set	VERB
iiclr-17591	1348	16	at	at	ADP
iiclr-17591	1348	17	three	three	NUM
iiclr-17591	1348	18	percent	percent	NOUN
iiclr-17591	1348	19	,	,	PUNCT
iiclr-17591	1348	20	the	the	DET
iiclr-17591	1348	21	directors	director	NOUN
iiclr-17591	1348	22	were	be	AUX
iiclr-17591	1348	23	elected	elect	VERB
iiclr-17591	1348	24	by	by	ADP
iiclr-17591	1348	25	a	a	DET
iiclr-17591	1348	26	number	number	NOUN
iiclr-17591	1348	27	of	of	ADP
iiclr-17591	1348	28	shareholders	shareholder	NOUN
iiclr-17591	1348	29	with	with	ADP
iiclr-17591	1348	30	significant	significant	ADJ
iiclr-17591	1348	31	holdings	holding	NOUN
iiclr-17591	1348	32	(	(	PUNCT
iiclr-17591	1348	33	from	from	ADP
iiclr-17591	1348	34	about	about	ADV
iiclr-17591	1348	35	0.5	0.5	NUM
iiclr-17591	1348	36	to	to	ADP
iiclr-17591	1348	37	almost	almost	ADV
iiclr-17591	1348	38	3	3	NUM
iiclr-17591	1348	39	%	%	NOUN
iiclr-17591	1348	40	,	,	PUNCT
iiclr-17591	1348	41	totalling	totalling	NOUN
iiclr-17591	1348	42	together	together	ADV
iiclr-17591	1348	43	between	between	ADP
iiclr-17591	1348	44	15	15	NUM
iiclr-17591	1348	45	and	and	CCONJ
iiclr-17591	1348	46	20	20	NUM
iiclr-17591	1348	47	%	%	NOUN
iiclr-17591	1348	48	)	)	PUNCT
iiclr-17591	1348	49	,	,	PUNCT
iiclr-17591	1348	50	with	with	ADP
iiclr-17591	1348	51	a	a	DET
iiclr-17591	1348	52	ratio	ratio	NOUN
iiclr-17591	1348	53	between	between	ADP
iiclr-17591	1348	54	large	large	ADJ
iiclr-17591	1348	55	shareholders	shareholder	NOUN
iiclr-17591	1348	56	and	and	CCONJ
iiclr-17591	1348	57	directors	director	NOUN
iiclr-17591	1348	58	close	close	ADJ
iiclr-17591	1348	59	to	to	ADP
iiclr-17591	1348	60	one	one	NUM
iiclr-17591	1348	61	-	-	PUNCT
iiclr-17591	1348	62	to	to	ADP
iiclr-17591	1348	63	-	-	PUNCT
iiclr-17591	1348	64	one	one	NUM
iiclr-17591	1348	65	.	.	PUNCT
iiclr-17591	1349	1	see	see	VERB
iiclr-17591	1349	2	,	,	PUNCT
iiclr-17591	1349	3	e.g.	e.g.	ADV
iiclr-17591	1349	4	,	,	PUNCT
iiclr-17591	1349	5	as	as	ADP
iiclr-17591	1349	6	for	for	ADP
iiclr-17591	1349	7	credito	credito	PROPN
iiclr-17591	1349	8	italiano	italiano	PROPN
iiclr-17591	1349	9	s.p.a	s.p.a	PROPN
iiclr-17591	1349	10	.	.	PROPN
iiclr-17591	1349	11	,	,	PUNCT
iiclr-17591	1349	12	la	la	PROPN
iiclr-17591	1349	13	stampa	stampa	PROPN
iiclr-17591	1349	14	,	,	PUNCT
iiclr-17591	1349	15	apr	apr	PROPN
iiclr-17591	1349	16	.	.	PROPN
iiclr-17591	1349	17	18	18	NUM
iiclr-17591	1349	18	,	,	PUNCT
iiclr-17591	1349	19	1994	1994	NUM
iiclr-17591	1349	20	,	,	PUNCT
iiclr-17591	1349	21	at	at	ADP
iiclr-17591	1349	22	12	12	NUM
iiclr-17591	1349	23	,	,	PUNCT
iiclr-17591	1349	24	and	and	CCONJ
iiclr-17591	1349	25	for	for	ADP
iiclr-17591	1349	26	banea	banea	NOUN
iiclr-17591	1349	27	commerciale	commerciale	PROPN
iiclr-17591	1349	28	italiana	italiana	PROPN
iiclr-17591	1349	29	s.p.a	s.p.a	PROPN
iiclr-17591	1349	30	.	.	PROPN
iiclr-17591	1349	31	,	,	PUNCT
iiclr-17591	1349	32	il	il	PROPN
iiclr-17591	1349	33	sole	sole	ADJ
iiclr-17591	1349	34	24	24	NUM
iiclr-17591	1349	35	ore	ore	NOUN
iiclr-17591	1349	36	,	,	PUNCT
iiclr-17591	1349	37	apr	apr	PROPN
iiclr-17591	1349	38	.	.	PROPN
iiclr-17591	1349	39	24	24	NUM
iiclr-17591	1349	40	,	,	PUNCT
iiclr-17591	1349	41	1994	1994	NUM
iiclr-17591	1349	42	)	)	PUNCT
iiclr-17591	1349	43	.	.	PUNCT
iiclr-17591	1350	1	for	for	ADP
iiclr-17591	1350	2	deep	deep	ADJ
iiclr-17591	1350	3	insights	insight	NOUN
iiclr-17591	1350	4	into	into	ADP
iiclr-17591	1350	5	the	the	DET
iiclr-17591	1350	6	debate	debate	NOUN
iiclr-17591	1350	7	surrounding	surround	VERB
iiclr-17591	1350	8	italian	italian	ADJ
iiclr-17591	1350	9	privatizations	privatization	NOUN
iiclr-17591	1350	10	see	see	VERB
iiclr-17591	1350	11	,	,	PUNCT
iiclr-17591	1350	12	in	in	ADP
iiclr-17591	1350	13	english	english	PROPN
iiclr-17591	1350	14	,	,	PUNCT
iiclr-17591	1350	15	on	on	ADP
iiclr-17591	1350	16	sale	sale	NOUN
iiclr-17591	1350	17	in	in	ADP
iiclr-17591	1350	18	italy	italy	PROPN
iiclr-17591	1350	19	,	,	PUNCT
iiclr-17591	1350	20	the	the	DET
iiclr-17591	1350	21	economist	economist	NOUN
iiclr-17591	1350	22	,	,	PUNCT
iiclr-17591	1350	23	oct	oct	PROPN
iiclr-17591	1350	24	.	.	PROPN
iiclr-17591	1350	25	16	16	NUM
iiclr-17591	1350	26	,	,	PUNCT
iiclr-17591	1350	27	1993	1993	NUM
iiclr-17591	1350	28	,	,	PUNCT
iiclr-17591	1350	29	at	at	ADP
iiclr-17591	1350	30	15	15	NUM
iiclr-17591	1350	31	,	,	PUNCT
iiclr-17591	1350	32	and	and	CCONJ
iiclr-17591	1350	33	the	the	DET
iiclr-17591	1350	34	response	response	NOUN
iiclr-17591	1350	35	of	of	ADP
iiclr-17591	1350	36	the	the	DET
iiclr-17591	1350	37	then	then	ADV
iiclr-17591	1350	38	italian	italian	ADJ
iiclr-17591	1350	39	minister	minister	NOUN
iiclr-17591	1350	40	for	for	ADP
iiclr-17591	1350	41	industry	industry	NOUN
iiclr-17591	1350	42	,	,	PUNCT
iiclr-17591	1350	43	paolo	paolo	PROPN
iiclr-17591	1350	44	savona	savona	PROPN
iiclr-17591	1350	45	,	,	PUNCT
iiclr-17591	1350	46	the	the	DET
iiclr-17591	1350	47	economist	economist	NOUN
iiclr-17591	1350	48	,	,	PUNCT
iiclr-17591	1350	49	dec	dec	PROPN
iiclr-17591	1350	50	.	.	PROPN
iiclr-17591	1350	51	18	18	NUM
iiclr-17591	1350	52	,	,	PUNCT
iiclr-17591	1350	53	1993	1993	NUM
iiclr-17591	1350	54	,	,	PUNCT
iiclr-17591	1350	55	at	at	ADP
iiclr-17591	1350	56	6	6	NUM
iiclr-17591	1350	57	.	.	PUNCT
iiclr-17591	1351	1	in	in	ADP
iiclr-17591	1351	2	the	the	DET
iiclr-17591	1351	3	former	former	ADJ
iiclr-17591	1351	4	,	,	PUNCT
iiclr-17591	1351	5	the	the	DET
iiclr-17591	1351	6	benefits	benefit	NOUN
iiclr-17591	1351	7	of	of	ADP
iiclr-17591	1351	8	a	a	DET
iiclr-17591	1351	9	popular	popular	ADJ
iiclr-17591	1351	10	-	-	PUNCT
iiclr-17591	1351	11	capitalism	capitalism	NOUN
iiclr-17591	1351	12	approach	approach	NOUN
iiclr-17591	1351	13	to	to	ADP
iiclr-17591	1351	14	italian	italian	ADJ
iiclr-17591	1351	15	privatizations	privatization	NOUN
iiclr-17591	1351	16	,	,	PUNCT
iiclr-17591	1351	17	and	and	CCONJ
iiclr-17591	1351	18	in	in	ADP
iiclr-17591	1351	19	the	the	DET
iiclr-17591	1351	20	latter	latter	ADJ
iiclr-17591	1351	21	,	,	PUNCT
iiclr-17591	1351	22	the	the	DET
iiclr-17591	1351	23	risks	risk	NOUN
iiclr-17591	1351	24	of	of	ADP
iiclr-17591	1351	25	a	a	DET
iiclr-17591	1351	26	blind	blind	ADJ
iiclr-17591	1351	27	sale	sale	NOUN
iiclr-17591	1351	28	to	to	ADP
iiclr-17591	1351	29	not	not	PART
iiclr-17591	1351	30	necessarily	necessarily	ADV
iiclr-17591	1351	31	interested	interested	ADJ
iiclr-17591	1351	32	shareholders	shareholder	NOUN
iiclr-17591	1351	33	are	be	AUX
iiclr-17591	1351	34	outlined	outline	VERB
iiclr-17591	1351	35	.	.	PUNCT
iiclr-17591	1352	1	as	as	ADV
iiclr-17591	1352	2	often	often	ADV
iiclr-17591	1352	3	happens	happen	VERB
iiclr-17591	1352	4	when	when	SCONJ
iiclr-17591	1352	5	dealing	deal	VERB
iiclr-17591	1352	6	with	with	ADP
iiclr-17591	1352	7	italy	italy	PROPN
iiclr-17591	1352	8	,	,	PUNCT
iiclr-17591	1352	9	thie	thie	PROPN
iiclr-17591	1352	10	economist	economist	NOUN
iiclr-17591	1352	11	,	,	PUNCT
iiclr-17591	1352	12	however	however	ADV
iiclr-17591	1352	13	well	well	ADV
iiclr-17591	1352	14	informed	inform	VERB
iiclr-17591	1352	15	,	,	PUNCT
iiclr-17591	1352	16	had	have	VERB
iiclr-17591	1352	17	a	a	DET
iiclr-17591	1352	18	quite	quite	ADV
iiclr-17591	1352	19	factious	factious	ADJ
iiclr-17591	1352	20	and	and	CCONJ
iiclr-17591	1352	21	snobbish	snobbish	ADJ
iiclr-17591	1352	22	tone	tone	NOUN
iiclr-17591	1352	23	,	,	PUNCT
iiclr-17591	1352	24	and	and	CCONJ
iiclr-17591	1352	25	the	the	DET
iiclr-17591	1352	26	polite	polite	ADJ
iiclr-17591	1352	27	remarks	remark	NOUN
iiclr-17591	1352	28	of	of	ADP
iiclr-17591	1352	29	mr	mr	PROPN
iiclr-17591	1352	30	.	.	PROPN
iiclr-17591	1352	31	savona	savona	PROPN
iiclr-17591	1352	32	were	be	AUX
iiclr-17591	1352	33	fully	fully	ADV
iiclr-17591	1352	34	justified	justify	VERB
iiclr-17591	1352	35	regardless	regardless	ADV
iiclr-17591	1352	36	of	of	ADP
iiclr-17591	1352	37	which	which	PRON
iiclr-17591	1352	38	approach	approach	VERB
iiclr-17591	1352	39	one	one	NUM
iiclr-17591	1352	40	favors	favor	NOUN
iiclr-17591	1352	41	.	.	PUNCT
iiclr-17591	1353	1	for	for	SCONJ
iiclr-17591	1353	2	documents	document	NOUN
iiclr-17591	1353	3	in	in	ADP
iiclr-17591	1353	4	italian	italian	ADJ
iiclr-17591	1353	5	,	,	PUNCT
iiclr-17591	1353	6	see	see	VERB
iiclr-17591	1353	7	,	,	PUNCT
iiclr-17591	1353	8	on	on	ADP
iiclr-17591	1353	9	the	the	DET
iiclr-17591	1353	10	so	so	ADV
iiclr-17591	1353	11	-	-	PUNCT
iiclr-17591	1353	12	called	call	VERB
iiclr-17591	1353	13	public	public	ADJ
iiclr-17591	1353	14	company	company	NOUN
iiclr-17591	1353	15	-	-	PUNCT
iiclr-17591	1353	16	approach	approach	NOUN
iiclr-17591	1353	17	(	(	PUNCT
iiclr-17591	1353	18	with	with	ADP
iiclr-17591	1353	19	ownership	ownership	NOUN
iiclr-17591	1353	20	cap	cap	NOUN
iiclr-17591	1353	21	)	)	PUNCT
iiclr-17591	1353	22	side	side	NOUN
iiclr-17591	1353	23	,	,	PUNCT
iiclr-17591	1353	24	romano	romano	NOUN
iiclr-17591	1353	25	prodi	prodi	NOUN
iiclr-17591	1353	26	and	and	CCONJ
iiclr-17591	1353	27	the	the	DET
iiclr-17591	1353	28	majority	majority	NOUN
iiclr-17591	1353	29	of	of	ADP
iiclr-17591	1353	30	the	the	DET
iiclr-17591	1353	31	ciampi	ciampi	NOUN
iiclr-17591	1353	32	government	government	NOUN
iiclr-17591	1353	33	,	,	PUNCT
iiclr-17591	1353	34	under	under	ADP
iiclr-17591	1353	35	which	which	PRON
iiclr-17591	1353	36	the	the	DET
iiclr-17591	1353	37	first	first	ADJ
iiclr-17591	1353	38	flotations	flotation	NOUN
iiclr-17591	1353	39	were	be	AUX
iiclr-17591	1353	40	implemented	implement	VERB
iiclr-17591	1353	41	.	.	PUNCT
iiclr-17591	1354	1	see	see	VERB
iiclr-17591	1354	2	detailed	detailed	ADJ
iiclr-17591	1354	3	accounts	account	NOUN
iiclr-17591	1354	4	on	on	ADP
iiclr-17591	1354	5	this	this	DET
iiclr-17591	1354	6	position	position	NOUN
iiclr-17591	1354	7	in	in	ADP
iiclr-17591	1354	8	umberto	umberto	PROPN
iiclr-17591	1354	9	mosetti	mosetti	PROPN
iiclr-17591	1354	10	&	&	CCONJ
iiclr-17591	1354	11	vincenzo	vincenzo	PROPN
iiclr-17591	1354	12	visco	visco	PROPN
iiclr-17591	1354	13	,	,	PUNCT
iiclr-17591	1354	14	inemici	inemici	PROPN
iiclr-17591	1354	15	delta	delta	NOUN
iiclr-17591	1354	16	public	public	ADJ
iiclr-17591	1354	17	company	company	NOUN
iiclr-17591	1354	18	,	,	PUNCT
iiclr-17591	1354	19	il	il	PROPN
iiclr-17591	1354	20	sole	sole	ADJ
iiclr-17591	1354	21	-24	-24	PUNCT
iiclr-17591	1354	22	ore	ore	NOUN
iiclr-17591	1354	23	,	,	PUNCT
iiclr-17591	1354	24	oct	oct	PROPN
iiclr-17591	1354	25	.	.	PROPN
iiclr-17591	1354	26	14	14	NUM
iiclr-17591	1354	27	,	,	PUNCT
iiclr-17591	1354	28	1993	1993	NUM
iiclr-17591	1354	29	,	,	PUNCT
iiclr-17591	1354	30	at	at	ADP
iiclr-17591	1354	31	6	6	NUM
iiclr-17591	1354	32	(	(	PUNCT
iiclr-17591	1354	33	outlining	outline	VERB
iiclr-17591	1354	34	the	the	DET
iiclr-17591	1354	35	peculiarities	peculiarity	NOUN
iiclr-17591	1354	36	of	of	ADP
iiclr-17591	1354	37	the	the	DET
iiclr-17591	1354	38	italian	italian	ADJ
iiclr-17591	1354	39	financial	financial	ADJ
iiclr-17591	1354	40	market	market	NOUN
iiclr-17591	1354	41	)	)	PUNCT
iiclr-17591	1354	42	;	;	PUNCT
iiclr-17591	1355	1	giangiacomo	giangiacomo	NOUN
iiclr-17591	1355	2	nardozzi	nardozzi	NOUN
iiclr-17591	1355	3	,	,	PUNCT
iiclr-17591	1355	4	la	la	PROPN
iiclr-17591	1355	5	borsa	borsa	PROPN
iiclr-17591	1355	6	aspira	aspira	PROPN
iiclr-17591	1355	7	ad	ad	PROPN
iiclr-17591	1355	8	un	un	PROPN
iiclr-17591	1355	9	ruolo	ruolo	PROPN
iiclr-17591	1355	10	nelle	nelle	PROPN
iiclr-17591	1355	11	nuove	nuove	PROPN
iiclr-17591	1355	12	public	public	PROPN
iiclr-17591	1355	13	company	company	NOUN
iiclr-17591	1355	14	,	,	PUNCT
iiclr-17591	1355	15	il	il	PROPN
iiclr-17591	1355	16	sole	sole	ADJ
iiclr-17591	1355	17	24	24	NUM
iiclr-17591	1355	18	ore	ore	NOUN
iiclr-17591	1355	19	,	,	PUNCT
iiclr-17591	1355	20	feb	feb	PROPN
iiclr-17591	1355	21	.	.	PROPN
iiclr-17591	1355	22	13	13	NUM
iiclr-17591	1355	23	,	,	PUNCT
iiclr-17591	1355	24	1994	1994	NUM
iiclr-17591	1355	25	,	,	PUNCT
iiclr-17591	1355	26	at	at	ADP
iiclr-17591	1355	27	19	19	NUM
iiclr-17591	1355	28	.	.	PUNCT
iiclr-17591	1356	1	(	(	PUNCT
iiclr-17591	1356	2	the	the	DET
iiclr-17591	1356	3	berlusconi	berlusconi	PROPN
iiclr-17591	1356	4	government	government	NOUN
iiclr-17591	1356	5	followed	follow	VERB
iiclr-17591	1356	6	the	the	DET
iiclr-17591	1356	7	same	same	ADJ
iiclr-17591	1356	8	road	road	NOUN
iiclr-17591	1356	9	,	,	PUNCT
iiclr-17591	1356	10	but	but	CCONJ
iiclr-17591	1356	11	slightly	slightly	ADV
iiclr-17591	1356	12	changed	change	VERB
iiclr-17591	1356	13	the	the	DET
iiclr-17591	1356	14	rule	rule	NOUN
iiclr-17591	1356	15	on	on	ADP
iiclr-17591	1356	16	the	the	DET
iiclr-17591	1356	17	ownership	ownership	NOUN
iiclr-17591	1356	18	cap	cap	NOUN
iiclr-17591	1356	19	,	,	PUNCT
iiclr-17591	1356	20	as	as	ADP
iiclr-17591	1356	21	a	a	DET
iiclr-17591	1356	22	response	response	NOUN
iiclr-17591	1356	23	to	to	ADP
iiclr-17591	1356	24	the	the	DET
iiclr-17591	1356	25	partial	partial	ADJ
iiclr-17591	1356	26	failure	failure	NOUN
iiclr-17591	1356	27	of	of	ADP
iiclr-17591	1356	28	the	the	DET
iiclr-17591	1356	29	experiment	experiment	NOUN
iiclr-17591	1356	30	.	.	PUNCT
iiclr-17591	1357	1	see	see	VERB
iiclr-17591	1357	2	art	art	NOUN
iiclr-17591	1357	3	.	.	PUNCT
iiclr-17591	1358	1	3(3	3(3	NUM
iiclr-17591	1358	2	)	)	PUNCT
iiclr-17591	1358	3	,	,	PUNCT
iiclr-17591	1358	4	law	law	NOUN
iiclr-17591	1358	5	of	of	ADP
iiclr-17591	1358	6	july	july	PROPN
iiclr-17591	1358	7	30	30	NUM
iiclr-17591	1358	8	,	,	PUNCT
iiclr-17591	1358	9	1994	1994	NUM
iiclr-17591	1358	10	,	,	PUNCT
iiclr-17591	1358	11	no	no	INTJ
iiclr-17591	1358	12	.	.	PUNCT
iiclr-17591	1358	13	474	474	NUM
iiclr-17591	1358	14	.	.	PUNCT
iiclr-17591	1358	15	)	)	PUNCT
iiclr-17591	1359	1	1995	1995	NUM
iiclr-17591	1359	2	]	]	X
iiclr-17591	1360	1	ind	ind	PROPN
iiclr-17591	1360	2	.	.	PUNCT
iiclr-17591	1360	3	int'l	int'l	PROPN
iiclr-17591	1360	4	&	&	CCONJ
iiclr-17591	1360	5	comp	comp	PROPN
iiclr-17591	1360	6	.	.	PUNCT
iiclr-17591	1361	1	l	l	PROPN
iiclr-17591	1361	2	rev	rev	VERB
iiclr-17591	1361	3	.	.	PUNCT
iiclr-17591	1362	1	us	we	PRON
iiclr-17591	1362	2	look	look	VERB
iiclr-17591	1362	3	at	at	ADP
iiclr-17591	1362	4	the	the	DET
iiclr-17591	1362	5	causes	cause	NOUN
iiclr-17591	1362	6	of	of	ADP
iiclr-17591	1362	7	this	this	DET
iiclr-17591	1362	8	phenomenon	phenomenon	NOUN
iiclr-17591	1362	9	.	.	PUNCT
iiclr-17591	1363	1	f.	f.	PROPN
iiclr-17591	1363	2	expanding	expand	VERB
iiclr-17591	1363	3	the	the	DET
iiclr-17591	1363	4	view	view	NOUN
iiclr-17591	1363	5	:	:	PUNCT
iiclr-17591	1363	6	the	the	DET
iiclr-17591	1363	7	structure	structure	NOUN
iiclr-17591	1363	8	of	of	ADP
iiclr-17591	1363	9	the	the	DET
iiclr-17591	1363	10	control	control	NOUN
iiclr-17591	1363	11	group	group	NOUN
iiclr-17591	1363	12	in	in	ADP
iiclr-17591	1363	13	listed	list	VERB
iiclr-17591	1363	14	companies	company	NOUN
iiclr-17591	1363	15	.	.	PUNCT
iiclr-17591	1364	1	the	the	DET
iiclr-17591	1364	2	control	control	NOUN
iiclr-17591	1364	3	group	group	NOUN
iiclr-17591	1364	4	in	in	ADP
iiclr-17591	1364	5	italian	italian	ADJ
iiclr-17591	1364	6	listed	list	VERB
iiclr-17591	1364	7	companies	company	NOUN
iiclr-17591	1364	8	currently	currently	ADV
iiclr-17591	1364	9	presents	present	VERB
iiclr-17591	1364	10	only	only	ADV
iiclr-17591	1364	11	two	two	NUM
iiclr-17591	1364	12	possible	possible	ADJ
iiclr-17591	1364	13	forms	form	NOUN
iiclr-17591	1364	14	:	:	PUNCT
iiclr-17591	1364	15	(	(	PUNCT
iiclr-17591	1364	16	a	a	X
iiclr-17591	1364	17	)	)	PUNCT
iiclr-17591	1364	18	a	a	DET
iiclr-17591	1364	19	shareholder	shareholder	NOUN
iiclr-17591	1364	20	having	have	VERB
iiclr-17591	1364	21	alone	alone	ADV
iiclr-17591	1364	22	a	a	DET
iiclr-17591	1364	23	controlling	control	VERB
iiclr-17591	1364	24	share	share	NOUN
iiclr-17591	1364	25	;	;	PUNCT
iiclr-17591	1364	26	(	(	PUNCT
iiclr-17591	1364	27	b	b	X
iiclr-17591	1364	28	)	)	PUNCT
iiclr-17591	1364	29	a	a	DET
iiclr-17591	1364	30	group	group	NOUN
iiclr-17591	1364	31	of	of	ADP
iiclr-17591	1364	32	shareholders	shareholder	NOUN
iiclr-17591	1364	33	acting	act	VERB
iiclr-17591	1364	34	together	together	ADV
iiclr-17591	1364	35	and	and	CCONJ
iiclr-17591	1364	36	controlling	control	VERB
iiclr-17591	1364	37	the	the	DET
iiclr-17591	1364	38	company	company	NOUN
iiclr-17591	1364	39	.	.	PUNCT
iiclr-17591	1365	1	no	no	DET
iiclr-17591	1365	2	managercontrolled	managercontrolled	ADJ
iiclr-17591	1365	3	firm	firm	NOUN
iiclr-17591	1365	4	has	have	AUX
iiclr-17591	1365	5	emerged	emerge	VERB
iiclr-17591	1365	6	so	so	ADV
iiclr-17591	1365	7	far	far	ADV
iiclr-17591	1365	8	.	.	PUNCT
iiclr-17591	1366	1	a.	a.	NOUN
iiclr-17591	1366	2	control	control	NOUN
iiclr-17591	1366	3	by	by	ADP
iiclr-17591	1366	4	a	a	DET
iiclr-17591	1366	5	single	single	ADJ
iiclr-17591	1366	6	shareholder	shareholder	NOUN
iiclr-17591	1366	7	.	.	PUNCT
iiclr-17591	1367	1	even	even	ADV
iiclr-17591	1367	2	in	in	ADP
iiclr-17591	1367	3	large	large	ADJ
iiclr-17591	1367	4	companies	company	NOUN
iiclr-17591	1367	5	,	,	PUNCT
iiclr-17591	1367	6	a	a	DET
iiclr-17591	1367	7	single	single	ADJ
iiclr-17591	1367	8	shareholder	shareholder	NOUN
iiclr-17591	1367	9	often	often	ADV
iiclr-17591	1367	10	holds	hold	VERB
iiclr-17591	1367	11	a	a	DET
iiclr-17591	1367	12	controlling	control	VERB
iiclr-17591	1367	13	share	share	NOUN
iiclr-17591	1367	14	.	.	PUNCT
iiclr-17591	1368	1	this	this	DET
iiclr-17591	1368	2	concentration	concentration	NOUN
iiclr-17591	1368	3	,	,	PUNCT
iiclr-17591	1368	4	however	however	ADV
iiclr-17591	1368	5	apparently	apparently	ADV
iiclr-17591	1368	6	impossible	impossible	ADJ
iiclr-17591	1368	7	in	in	ADP
iiclr-17591	1368	8	large	large	ADJ
iiclr-17591	1368	9	companies	company	NOUN
iiclr-17591	1368	10	,	,	PUNCT
iiclr-17591	1368	11	has	have	VERB
iiclr-17591	1368	12	a	a	DET
iiclr-17591	1368	13	simple	simple	ADJ
iiclr-17591	1368	14	explanation	explanation	NOUN
iiclr-17591	1368	15	.	.	PUNCT
iiclr-17591	1369	1	typically	typically	ADV
iiclr-17591	1369	2	,	,	PUNCT
iiclr-17591	1369	3	such	such	DET
iiclr-17591	1369	4	a	a	DET
iiclr-17591	1369	5	shareholder	shareholder	NOUN
iiclr-17591	1369	6	is	be	AUX
iiclr-17591	1369	7	not	not	PART
iiclr-17591	1369	8	an	an	DET
iiclr-17591	1369	9	individual	individual	NOUN
iiclr-17591	1369	10	,	,	PUNCT
iiclr-17591	1369	11	but	but	CCONJ
iiclr-17591	1369	12	a	a	DET
iiclr-17591	1369	13	holding	hold	VERB
iiclr-17591	1369	14	company	company	NOUN
iiclr-17591	1369	15	,	,	PUNCT
iiclr-17591	1369	16	which	which	PRON
iiclr-17591	1369	17	in	in	ADP
iiclr-17591	1369	18	turn	turn	NOUN
iiclr-17591	1369	19	is	be	AUX
iiclr-17591	1369	20	controlled	control	VERB
iiclr-17591	1369	21	by	by	ADP
iiclr-17591	1369	22	one	one	NUM
iiclr-17591	1369	23	or	or	CCONJ
iiclr-17591	1369	24	more	more	ADV
iiclr-17591	1369	25	large	large	ADJ
iiclr-17591	1369	26	shareholders	shareholder	NOUN
iiclr-17591	1369	27	.	.	PUNCT
iiclr-17591	1370	1	thus	thus	ADV
iiclr-17591	1370	2	,	,	PUNCT
iiclr-17591	1370	3	the	the	DET
iiclr-17591	1370	4	problem	problem	NOUN
iiclr-17591	1370	5	of	of	ADP
iiclr-17591	1370	6	the	the	DET
iiclr-17591	1370	7	structure	structure	NOUN
iiclr-17591	1370	8	of	of	ADP
iiclr-17591	1370	9	the	the	DET
iiclr-17591	1370	10	control	control	NOUN
iiclr-17591	1370	11	group	group	NOUN
iiclr-17591	1370	12	is	be	AUX
iiclr-17591	1370	13	not	not	PART
iiclr-17591	1370	14	solved	solve	VERB
iiclr-17591	1370	15	,	,	PUNCT
iiclr-17591	1370	16	but	but	CCONJ
iiclr-17591	1370	17	arises	arise	VERB
iiclr-17591	1370	18	again	again	ADV
iiclr-17591	1370	19	at	at	ADP
iiclr-17591	1370	20	the	the	DET
iiclr-17591	1370	21	next	next	ADJ
iiclr-17591	1370	22	level	level	NOUN
iiclr-17591	1370	23	(	(	PUNCT
iiclr-17591	1370	24	and	and	CCONJ
iiclr-17591	1370	25	possibly	possibly	ADV
iiclr-17591	1370	26	,	,	PUNCT
iiclr-17591	1370	27	further	far	ADV
iiclr-17591	1370	28	)	)	PUNCT
iiclr-17591	1370	29	,	,	PUNCT
iiclr-17591	1370	30	which	which	PRON
iiclr-17591	1370	31	we	we	PRON
iiclr-17591	1370	32	will	will	AUX
iiclr-17591	1370	33	examine	examine	VERB
iiclr-17591	1370	34	immediately	immediately	ADV
iiclr-17591	1370	35	below	below	ADV
iiclr-17591	1370	36	.	.	PUNCT
iiclr-17591	1371	1	the	the	DET
iiclr-17591	1371	2	device	device	NOUN
iiclr-17591	1371	3	of	of	ADP
iiclr-17591	1371	4	"	"	PUNCT
iiclr-17591	1371	5	pyramided	pyramid	VERB
iiclr-17591	1371	6	"	"	PUNCT
iiclr-17591	1371	7	holding	hold	VERB
iiclr-17591	1371	8	companies	company	NOUN
iiclr-17591	1371	9	as	as	ADP
iiclr-17591	1371	10	a	a	DET
iiclr-17591	1371	11	means	means	NOUN
iiclr-17591	1371	12	to	to	PART
iiclr-17591	1371	13	retain	retain	VERB
iiclr-17591	1371	14	control	control	NOUN
iiclr-17591	1371	15	,	,	PUNCT
iiclr-17591	1371	16	well	well	INTJ
iiclr-17591	1371	17	known	know	VERB
iiclr-17591	1371	18	since	since	SCONJ
iiclr-17591	1371	19	the	the	DET
iiclr-17591	1371	20	time	time	NOUN
iiclr-17591	1371	21	berle	berle	PROPN
iiclr-17591	1371	22	and	and	CCONJ
iiclr-17591	1371	23	means	mean	NOUN
iiclr-17591	1371	24	wrote	write	VERB
iiclr-17591	1371	25	,	,	PUNCT
iiclr-17591	1371	26	'	'	PUNCT
iiclr-17591	1371	27	has	have	AUX
iiclr-17591	1371	28	been	be	AUX
iiclr-17591	1371	29	widely	widely	ADV
iiclr-17591	1371	30	used	use	VERB
iiclr-17591	1371	31	in	in	ADP
iiclr-17591	1371	32	italy	italy	PROPN
iiclr-17591	1371	33	.	.	PUNCT
iiclr-17591	1372	1	its	its	PRON
iiclr-17591	1372	2	effects	effect	NOUN
iiclr-17591	1372	3	have	have	AUX
iiclr-17591	1372	4	been	be	AUX
iiclr-17591	1372	5	amplified	amplify	VERB
iiclr-17591	1372	6	in	in	ADP
iiclr-17591	1372	7	the	the	DET
iiclr-17591	1372	8	past	past	NOUN
iiclr-17591	1372	9	by	by	ADP
iiclr-17591	1372	10	the	the	DET
iiclr-17591	1372	11	possibility	possibility	NOUN
iiclr-17591	1372	12	of	of	ADP
iiclr-17591	1372	13	listing	list	VERB
iiclr-17591	1372	14	on	on	ADP
iiclr-17591	1372	15	an	an	DET
iiclr-17591	1372	16	exchange	exchange	NOUN
iiclr-17591	1372	17	more	more	ADJ
iiclr-17591	1372	18	than	than	ADP
iiclr-17591	1372	19	one	one	NUM
iiclr-17591	1372	20	of	of	ADP
iiclr-17591	1372	21	the	the	DET
iiclr-17591	1372	22	members	member	NOUN
iiclr-17591	1372	23	of	of	ADP
iiclr-17591	1372	24	the	the	DET
iiclr-17591	1372	25	chain	chain	NOUN
iiclr-17591	1372	26	.	.	PUNCT
iiclr-17591	1372	27	'	'	PUNCT
iiclr-17591	1373	1	59	59	NUM
iiclr-17591	1373	2	this	this	DET
iiclr-17591	1373	3	possibility	possibility	NOUN
iiclr-17591	1373	4	now	now	ADV
iiclr-17591	1373	5	remains	remain	VERB
iiclr-17591	1373	6	only	only	ADV
iiclr-17591	1373	7	for	for	ADP
iiclr-17591	1373	8	holding	hold	VERB
iiclr-17591	1373	9	companies	company	NOUN
iiclr-17591	1373	10	performing	perform	VERB
iiclr-17591	1373	11	a	a	DET
iiclr-17591	1373	12	real	real	ADJ
iiclr-17591	1373	13	economic	economic	ADJ
iiclr-17591	1373	14	activity	activity	NOUN
iiclr-17591	1373	15	,	,	PUNCT
iiclr-17591	1373	16	and	and	CCONJ
iiclr-17591	1373	17	has	have	AUX
iiclr-17591	1373	18	been	be	AUX
iiclr-17591	1373	19	suppressed	suppress	VERB
iiclr-17591	1373	20	for	for	ADP
iiclr-17591	1373	21	mere	mere	ADJ
iiclr-17591	1373	22	"	"	PUNCT
iiclr-17591	1373	23	chinese	chinese	ADJ
iiclr-17591	1373	24	boxes	box	NOUN
iiclr-17591	1373	25	.	.	PUNCT
iiclr-17591	1373	26	"	"	PUNCT
iiclr-17591	1373	27	''	''	PUNCT
iiclr-17591	1373	28	for	for	ADP
iiclr-17591	1373	29	our	our	PRON
iiclr-17591	1373	30	purposes	purpose	NOUN
iiclr-17591	1373	31	,	,	PUNCT
iiclr-17591	1373	32	we	we	PRON
iiclr-17591	1373	33	simply	simply	ADV
iiclr-17591	1373	34	"	"	PUNCT
iiclr-17591	1373	35	look	look	VERB
iiclr-17591	1373	36	on	on	ADP
iiclr-17591	1373	37	the	the	DET
iiclr-17591	1373	38	opposite	opposite	ADJ
iiclr-17591	1373	39	side	side	NOUN
iiclr-17591	1373	40	,	,	PUNCT
iiclr-17591	1373	41	favoring	favor	VERB
iiclr-17591	1373	42	a	a	DET
iiclr-17591	1373	43	guided	guide	VERB
iiclr-17591	1373	44	sale	sale	NOUN
iiclr-17591	1373	45	,	,	PUNCT
iiclr-17591	1373	46	or	or	CCONJ
iiclr-17591	1373	47	at	at	ADP
iiclr-17591	1373	48	least	least	ADJ
iiclr-17591	1373	49	disfavoring	disfavor	VERB
iiclr-17591	1373	50	any	any	DET
iiclr-17591	1373	51	ownership	ownership	NOUN
iiclr-17591	1373	52	cap	cap	NOUN
iiclr-17591	1373	53	,	,	PUNCT
iiclr-17591	1373	54	see	see	VERB
iiclr-17591	1373	55	attilio	attilio	PROPN
iiclr-17591	1373	56	ventura	ventura	PROPN
iiclr-17591	1373	57	,	,	PUNCT
iiclr-17591	1373	58	ilsole24	ilsole24	NOUN
iiclr-17591	1373	59	ore	ore	NOUN
iiclr-17591	1373	60	,	,	PUNCT
iiclr-17591	1373	61	dec	dec	PROPN
iiclr-17591	1373	62	.	.	PROPN
iiclr-17591	1373	63	9	9	NUM
iiclr-17591	1373	64	,	,	PUNCT
iiclr-17591	1373	65	1993	1993	NUM
iiclr-17591	1373	66	,	,	PUNCT
iiclr-17591	1373	67	at	at	ADP
iiclr-17591	1373	68	29	29	NUM
iiclr-17591	1373	69	;	;	PUNCT
iiclr-17591	1373	70	bruno	bruno	NOUN
iiclr-17591	1373	71	visentini	visentini	NOUN
iiclr-17591	1373	72	,	,	PUNCT
iiclr-17591	1373	73	la	la	PRON
iiclr-17591	1373	74	sconfitta	sconfitta	NOUN
iiclr-17591	1373	75	di	di	NOUN
iiclr-17591	1373	76	prodi	prodi	NOUN
iiclr-17591	1373	77	,	,	PUNCT
iiclr-17591	1373	78	la	la	ADV
iiclr-17591	1373	79	repubbuca	repubbuca	ADJ
iiclr-17591	1373	80	,	,	PUNCT
iiclr-17591	1373	81	apr	apr	PROPN
iiclr-17591	1373	82	.	.	PROPN
iiclr-17591	1373	83	28	28	NUM
iiclr-17591	1373	84	,	,	PUNCT
iiclr-17591	1373	85	1994	1994	NUM
iiclr-17591	1373	86	,	,	PUNCT
iiclr-17591	1373	87	at	at	ADP
iiclr-17591	1373	88	1	1	NUM
iiclr-17591	1373	89	(	(	PUNCT
iiclr-17591	1373	90	vibrant	vibrant	ADJ
iiclr-17591	1373	91	critique	critique	NOUN
iiclr-17591	1373	92	of	of	ADP
iiclr-17591	1373	93	the	the	DET
iiclr-17591	1373	94	experience	experience	NOUN
iiclr-17591	1373	95	of	of	ADP
iiclr-17591	1373	96	the	the	DET
iiclr-17591	1373	97	first	first	ADJ
iiclr-17591	1373	98	privatizations	privatization	NOUN
iiclr-17591	1373	99	)	)	PUNCT
iiclr-17591	1373	100	;	;	PUNCT
iiclr-17591	1373	101	pier	pier	NOUN
iiclr-17591	1373	102	giusto	giusto	NOUN
iiclr-17591	1373	103	jaeger	jaeger	NOUN
iiclr-17591	1373	104	,	,	PUNCT
iiclr-17591	1373	105	quoted	quote	VERB
iiclr-17591	1373	106	in	in	ADP
iiclr-17591	1373	107	giuliano	giuliano	PROPN
iiclr-17591	1373	108	boggiali	boggiali	PROPN
iiclr-17591	1373	109	&	&	CCONJ
iiclr-17591	1373	110	raffaella	raffaella	PROPN
iiclr-17591	1373	111	zagordi	zagordi	PROPN
iiclr-17591	1373	112	,	,	PUNCT
iiclr-17591	1373	113	la	la	X
iiclr-17591	1373	114	public	public	ADJ
iiclr-17591	1373	115	?	?	PUNCT
iiclr-17591	1374	1	solo	solo	PROPN
iiclr-17591	1374	2	uno	uno	PROPN
iiclr-17591	1374	3	slogan	slogan	PROPN
iiclr-17591	1374	4	,	,	PUNCT
iiclr-17591	1374	5	il	il	PROPN
iiclr-17591	1374	6	sole	sole	ADJ
iiclr-17591	1374	7	24	24	NUM
iiclr-17591	1374	8	ore	ore	NOUN
iiclr-17591	1374	9	,	,	PUNCT
iiclr-17591	1374	10	may	may	AUX
iiclr-17591	1374	11	11	11	NUM
iiclr-17591	1374	12	,	,	PUNCT
iiclr-17591	1374	13	1994	1994	NUM
iiclr-17591	1374	14	,	,	PUNCT
iiclr-17591	1374	15	at	at	ADP
iiclr-17591	1374	16	28	28	NUM
iiclr-17591	1374	17	(	(	PUNCT
iiclr-17591	1374	18	diffused	diffuse	VERB
iiclr-17591	1374	19	ownership	ownership	NOUN
iiclr-17591	1374	20	can	can	AUX
iiclr-17591	1374	21	not	not	PART
iiclr-17591	1374	22	be	be	AUX
iiclr-17591	1374	23	created	create	VERB
iiclr-17591	1374	24	simply	simply	ADV
iiclr-17591	1374	25	by	by	ADP
iiclr-17591	1374	26	force	force	NOUN
iiclr-17591	1374	27	of	of	ADP
iiclr-17591	1374	28	law	law	NOUN
iiclr-17591	1374	29	)	)	PUNCT
iiclr-17591	1374	30	.	.	PUNCT
iiclr-17591	1375	1	158	158	X
iiclr-17591	1375	2	.	.	PUNCT
iiclr-17591	1375	3	be	be	AUX
iiclr-17591	1375	4	.le&means	.le&means	PROPN
iiclr-17591	1375	5	,	,	PUNCT
iiclr-17591	1375	6	supra	supra	PROPN
iiclr-17591	1375	7	note	note	PROPN
iiclr-17591	1375	8	15	15	NUM
iiclr-17591	1375	9	,	,	PUNCT
iiclr-17591	1375	10	at	at	ADP
iiclr-17591	1375	11	72	72	NUM
iiclr-17591	1375	12	-	-	SYM
iiclr-17591	1375	13	75	75	NUM
iiclr-17591	1375	14	.	.	PUNCT
iiclr-17591	1375	15	159	159	NUM
iiclr-17591	1375	16	.	.	PUNCT
iiclr-17591	1376	1	a	a	DET
iiclr-17591	1376	2	clear	clear	ADJ
iiclr-17591	1376	3	example	example	NOUN
iiclr-17591	1376	4	of	of	ADP
iiclr-17591	1376	5	this	this	DET
iiclr-17591	1376	6	phenomenon	phenomenon	NOUN
iiclr-17591	1376	7	is	be	AUX
iiclr-17591	1376	8	the	the	DET
iiclr-17591	1376	9	structure	structure	NOUN
iiclr-17591	1376	10	of	of	ADP
iiclr-17591	1376	11	the	the	DET
iiclr-17591	1376	12	so	so	ADV
iiclr-17591	1376	13	-	-	PUNCT
iiclr-17591	1376	14	called	call	VERB
iiclr-17591	1376	15	"	"	PUNCT
iiclr-17591	1376	16	orlando	orlando	PROPN
iiclr-17591	1376	17	group	group	NOUN
iiclr-17591	1376	18	,	,	PUNCT
iiclr-17591	1376	19	"	"	PUNCT
iiclr-17591	1376	20	the	the	DET
iiclr-17591	1376	21	largest	large	ADJ
iiclr-17591	1376	22	european	european	ADJ
iiclr-17591	1376	23	group	group	NOUN
iiclr-17591	1376	24	for	for	ADP
iiclr-17591	1376	25	semi	semi	ADJ
iiclr-17591	1376	26	-	-	ADJ
iiclr-17591	1376	27	finished	finished	ADJ
iiclr-17591	1376	28	copper	copper	NOUN
iiclr-17591	1376	29	products	product	NOUN
iiclr-17591	1376	30	,	,	PUNCT
iiclr-17591	1376	31	as	as	ADP
iiclr-17591	1376	32	of	of	ADP
iiclr-17591	1376	33	january	january	PROPN
iiclr-17591	1376	34	1995	1995	NUM
iiclr-17591	1376	35	(	(	PUNCT
iiclr-17591	1376	36	a	a	DET
iiclr-17591	1376	37	merger	merger	NOUN
iiclr-17591	1376	38	and	and	CCONJ
iiclr-17591	1376	39	some	some	DET
iiclr-17591	1376	40	changes	change	NOUN
iiclr-17591	1376	41	took	take	VERB
iiclr-17591	1376	42	place	place	NOUN
iiclr-17591	1376	43	a	a	DET
iiclr-17591	1376	44	few	few	ADJ
iiclr-17591	1376	45	months	month	NOUN
iiclr-17591	1376	46	later	later	ADV
iiclr-17591	1376	47	)	)	PUNCT
iiclr-17591	1376	48	.	.	PUNCT
iiclr-17591	1377	1	eleven	eleven	NUM
iiclr-17591	1377	2	shareholders	shareholder	NOUN
iiclr-17591	1377	3	form	form	VERB
iiclr-17591	1377	4	part	part	NOUN
iiclr-17591	1377	5	of	of	ADP
iiclr-17591	1377	6	an	an	DET
iiclr-17591	1377	7	agreement	agreement	NOUN
iiclr-17591	1377	8	that	that	PRON
iiclr-17591	1377	9	controls	control	VERB
iiclr-17591	1377	10	the	the	DET
iiclr-17591	1377	11	63.1	63.1	NUM
iiclr-17591	1377	12	%	%	NOUN
iiclr-17591	1377	13	of	of	ADP
iiclr-17591	1377	14	gim	gim	PROPN
iiclr-17591	1377	15	s.p.a	s.p.a	PROPN
iiclr-17591	1377	16	.	.	PROPN
iiclr-17591	1377	17	,	,	PUNCT
iiclr-17591	1377	18	listed	list	VERB
iiclr-17591	1377	19	on	on	ADP
iiclr-17591	1377	20	the	the	DET
iiclr-17591	1377	21	italian	italian	ADJ
iiclr-17591	1377	22	stock	stock	NOUN
iiclr-17591	1377	23	exchange	exchange	NOUN
iiclr-17591	1377	24	,	,	PUNCT
iiclr-17591	1377	25	which	which	PRON
iiclr-17591	1377	26	controls	control	VERB
iiclr-17591	1377	27	the	the	DET
iiclr-17591	1377	28	47.6	47.6	NUM
iiclr-17591	1377	29	%	%	NOUN
iiclr-17591	1377	30	of	of	ADP
iiclr-17591	1377	31	smi	smi	PROPN
iiclr-17591	1377	32	sp.a	sp.a	NOUN
iiclr-17591	1377	33	.	.	PUNCT
iiclr-17591	1377	34	,	,	PUNCT
iiclr-17591	1377	35	listed	list	VERB
iiclr-17591	1377	36	on	on	ADP
iiclr-17591	1377	37	the	the	DET
iiclr-17591	1377	38	italian	italian	ADJ
iiclr-17591	1377	39	stock	stock	NOUN
iiclr-17591	1377	40	exchange	exchange	NOUN
iiclr-17591	1377	41	as	as	ADV
iiclr-17591	1377	42	well	well	ADV
iiclr-17591	1377	43	,	,	PUNCT
iiclr-17591	1377	44	which	which	PRON
iiclr-17591	1377	45	in	in	ADP
iiclr-17591	1377	46	turn	turn	NOUN
iiclr-17591	1377	47	controls	control	VERB
iiclr-17591	1377	48	the	the	DET
iiclr-17591	1377	49	44.5	44.5	NUM
iiclr-17591	1377	50	%	%	NOUN
iiclr-17591	1377	51	of	of	ADP
iiclr-17591	1377	52	europa	europa	PROPN
iiclr-17591	1377	53	metalli	metalli	PROPN
iiclr-17591	1377	54	s.p.a	s.p.a	PROPN
iiclr-17591	1377	55	.	.	PROPN
iiclr-17591	1377	56	,	,	PUNCT
iiclr-17591	1377	57	third	third	ADJ
iiclr-17591	1377	58	company	company	NOUN
iiclr-17591	1377	59	of	of	ADP
iiclr-17591	1377	60	the	the	DET
iiclr-17591	1377	61	chain	chain	NOUN
iiclr-17591	1377	62	listed	list	VERB
iiclr-17591	1377	63	on	on	ADP
iiclr-17591	1377	64	the	the	DET
iiclr-17591	1377	65	italian	italian	ADJ
iiclr-17591	1377	66	stock	stock	NOUN
iiclr-17591	1377	67	exchange	exchange	NOUN
iiclr-17591	1377	68	.	.	PUNCT
iiclr-17591	1378	1	(	(	PUNCT
iiclr-17591	1378	2	to	to	PART
iiclr-17591	1378	3	go	go	VERB
iiclr-17591	1378	4	on	on	ADP
iiclr-17591	1378	5	with	with	ADP
iiclr-17591	1378	6	the	the	DET
iiclr-17591	1378	7	game	game	NOUN
iiclr-17591	1378	8	,	,	PUNCT
iiclr-17591	1378	9	europa	europa	PROPN
iiclr-17591	1378	10	metalli	metalli	PROPN
iiclr-17591	1378	11	s.p.a	s.p.a	PROPN
iiclr-17591	1378	12	.	.	PUNCT
iiclr-17591	1379	1	controls	control	VERB
iiclr-17591	1379	2	kabelmetal	kabelmetal	PROPN
iiclr-17591	1379	3	ag	ag	PROPN
iiclr-17591	1379	4	,	,	PUNCT
iiclr-17591	1379	5	listed	list	VERB
iiclr-17591	1379	6	on	on	ADP
iiclr-17591	1379	7	the	the	DET
iiclr-17591	1379	8	frankfurt	frankfurt	PROPN
iiclr-17591	1379	9	stock	stock	PROPN
iiclr-17591	1379	10	exchange	exchange	NOUN
iiclr-17591	1379	11	,	,	PUNCT
iiclr-17591	1379	12	and	and	CCONJ
iiclr-17591	1379	13	the	the	DET
iiclr-17591	1379	14	group	group	NOUN
iiclr-17591	1379	15	has	have	VERB
iiclr-17591	1379	16	subsidiaries	subsidiary	NOUN
iiclr-17591	1379	17	all	all	ADV
iiclr-17591	1379	18	over	over	ADP
iiclr-17591	1379	19	europe	europe	PROPN
iiclr-17591	1379	20	.	.	PUNCT
iiclr-17591	1379	21	)	)	PUNCT
iiclr-17591	1380	1	both	both	DET
iiclr-17591	1380	2	smi	smi	PROPN
iiclr-17591	1380	3	s.p.a	s.p.a	PROPN
iiclr-17591	1380	4	.	.	PROPN
iiclr-17591	1380	5	and	and	CCONJ
iiclr-17591	1380	6	europa	europa	PROPN
iiclr-17591	1380	7	metalli	metalli	PROPN
iiclr-17591	1380	8	s.p.a	s.p.a	PROPN
iiclr-17591	1380	9	,	,	PUNCT
iiclr-17591	1380	10	have	have	VERB
iiclr-17591	1380	11	some	some	DET
iiclr-17591	1380	12	large	large	ADJ
iiclr-17591	1380	13	,	,	PUNCT
iiclr-17591	1380	14	very	very	ADV
iiclr-17591	1380	15	influential	influential	ADJ
iiclr-17591	1380	16	,	,	PUNCT
iiclr-17591	1380	17	"	"	PUNCT
iiclr-17591	1380	18	external	external	ADJ
iiclr-17591	1380	19	"	"	PUNCT
iiclr-17591	1380	20	shareholders	shareholder	NOUN
iiclr-17591	1380	21	(	(	PUNCT
iiclr-17591	1380	22	graphics	graphic	NOUN
iiclr-17591	1380	23	in	in	ADP
iiclr-17591	1380	24	il	il	PROPN
iiclr-17591	1380	25	sole	sole	ADJ
iiclr-17591	1380	26	-24	-24	PUNCT
iiclr-17591	1380	27	ore	ore	NOUN
iiclr-17591	1380	28	,	,	PUNCT
iiclr-17591	1380	29	jan	jan	PROPN
iiclr-17591	1380	30	.	.	PROPN
iiclr-17591	1380	31	19	19	NUM
iiclr-17591	1380	32	,	,	PUNCT
iiclr-17591	1380	33	1995	1995	NUM
iiclr-17591	1380	34	,	,	PUNCT
iiclr-17591	1380	35	at	at	ADP
iiclr-17591	1380	36	27	27	NUM
iiclr-17591	1380	37	)	)	PUNCT
iiclr-17591	1380	38	.	.	PUNCT
iiclr-17591	1381	1	160	160	NUM
iiclr-17591	1381	2	.	.	PUNCT
iiclr-17591	1381	3	art	art	NOUN
iiclr-17591	1381	4	.	.	PUNCT
iiclr-17591	1382	1	6(2	6(2	NUM
iiclr-17591	1382	2	)	)	PUNCT
iiclr-17591	1382	3	.	.	PUNCT
iiclr-17591	1383	1	regulation	regulation	NOUN
iiclr-17591	1383	2	consob	consob	NOUN
iiclr-17591	1383	3	of	of	ADP
iiclr-17591	1383	4	may	may	PROPN
iiclr-17591	1383	5	24	24	NUM
iiclr-17591	1383	6	,	,	PUNCT
iiclr-17591	1383	7	1989	1989	NUM
iiclr-17591	1383	8	no	no	NOUN
iiclr-17591	1383	9	.	.	PROPN
iiclr-17591	1383	10	4088	4088	NUM
iiclr-17591	1383	11	.	.	PUNCT
iiclr-17591	1384	1	the	the	DET
iiclr-17591	1384	2	consob	consob	NOUN
iiclr-17591	1384	3	reserves	reserve	VERB
iiclr-17591	1384	4	the	the	DET
iiclr-17591	1384	5	right	right	NOUN
iiclr-17591	1384	6	to	to	PART
iiclr-17591	1384	7	deny	deny	VERB
iiclr-17591	1384	8	approval	approval	NOUN
iiclr-17591	1384	9	of	of	ADP
iiclr-17591	1384	10	listing	list	VERB
iiclr-17591	1384	11	to	to	ADP
iiclr-17591	1384	12	companies	company	NOUN
iiclr-17591	1384	13	"	"	PUNCT
iiclr-17591	1384	14	whose	whose	DET
iiclr-17591	1384	15	economic	economic	ADJ
iiclr-17591	1384	16	performance	performance	NOUN
iiclr-17591	1384	17	depends	depend	VERB
iiclr-17591	1384	18	essentially	essentially	ADV
iiclr-17591	1384	19	on	on	ADP
iiclr-17591	1384	20	the	the	DET
iiclr-17591	1384	21	economic	economic	ADJ
iiclr-17591	1384	22	performance	performance	NOUN
iiclr-17591	1384	23	of	of	ADP
iiclr-17591	1384	24	only	only	ADV
iiclr-17591	1384	25	one	one	NUM
iiclr-17591	1384	26	block	block	NOUN
iiclr-17591	1384	27	of	of	ADP
iiclr-17591	1384	28	shares	share	NOUN
iiclr-17591	1384	29	issued	issue	VERB
iiclr-17591	1384	30	by	by	ADP
iiclr-17591	1384	31	a	a	DET
iiclr-17591	1384	32	listed	list	VERB
iiclr-17591	1384	33	company	company	NOUN
iiclr-17591	1384	34	,	,	PUNCT
iiclr-17591	1384	35	"	"	PUNCT
iiclr-17591	1384	36	even	even	ADV
iiclr-17591	1384	37	if	if	SCONJ
iiclr-17591	1384	38	they	they	PRON
iiclr-17591	1384	39	possess	possess	VERB
iiclr-17591	1384	40	all	all	DET
iiclr-17591	1384	41	other	other	ADJ
iiclr-17591	1384	42	requirements	requirement	NOUN
iiclr-17591	1384	43	for	for	ADP
iiclr-17591	1384	44	listing	list	VERB
iiclr-17591	1384	45	.	.	PUNCT
iiclr-17591	1385	1	the	the	DET
iiclr-17591	1385	2	official	official	ADJ
iiclr-17591	1385	3	report	report	NOUN
iiclr-17591	1385	4	of	of	ADP
iiclr-17591	1385	5	consob	consob	NOUN
iiclr-17591	1385	6	on	on	ADP
iiclr-17591	1385	7	regulation	regulation	NOUN
iiclr-17591	1385	8	no	no	INTJ
iiclr-17591	1385	9	.	.	PUNCT
iiclr-17591	1386	1	4088/1989	4088/1989	NUM
iiclr-17591	1386	2	stresses	stress	VERB
iiclr-17591	1386	3	that	that	SCONJ
iiclr-17591	1386	4	such	such	DET
iiclr-17591	1386	5	a	a	DET
iiclr-17591	1386	6	company	company	NOUN
iiclr-17591	1386	7	"	"	PUNCT
iiclr-17591	1386	8	lacks	lack	VERB
iiclr-17591	1386	9	functional	functional	ADJ
iiclr-17591	1386	10	autonomy	autonomy	NOUN
iiclr-17591	1386	11	,	,	PUNCT
iiclr-17591	1386	12	"	"	PUNCT
iiclr-17591	1386	13	and	and	CCONJ
iiclr-17591	1386	14	while	while	SCONJ
iiclr-17591	1386	15	a	a	DET
iiclr-17591	1386	16	"	"	PUNCT
iiclr-17591	1386	17	holding	hold	VERB
iiclr-17591	1386	18	company	company	NOUN
iiclr-17591	1386	19	performs	perform	VERB
iiclr-17591	1386	20	an	an	DET
iiclr-17591	1386	21	activity	activity	NOUN
iiclr-17591	1386	22	of	of	ADP
iiclr-17591	1386	23	risk	risk	NOUN
iiclr-17591	1386	24	diversification	diversification	NOUN
iiclr-17591	1386	25	and	and	CCONJ
iiclr-17591	1386	26	transformation	transformation	NOUN
iiclr-17591	1386	27	,	,	PUNCT
iiclr-17591	1386	28	the	the	DET
iiclr-17591	1386	29	'	'	PUNCT
iiclr-17591	1386	30	chinese	chinese	ADJ
iiclr-17591	1386	31	[	[	X
iiclr-17591	1386	32	vol	vol	NOUN
iiclr-17591	1386	33	.	.	PUNCT
iiclr-17591	1387	1	6:1	6:1	NUM
iiclr-17591	1387	2	corporate	corporate	ADJ
iiclr-17591	1387	3	governance	governance	NOUN
iiclr-17591	1387	4	in	in	ADP
iiclr-17591	1387	5	italy	italy	PROPN
iiclr-17591	1387	6	through	through	ADP
iiclr-17591	1387	7	"	"	PUNCT
iiclr-17591	1387	8	the	the	DET
iiclr-17591	1387	9	holding	hold	VERB
iiclr-17591	1387	10	company	company	NOUN
iiclr-17591	1387	11	to	to	PART
iiclr-17591	1387	12	discover	discover	VERB
iiclr-17591	1387	13	the	the	DET
iiclr-17591	1387	14	real	real	ADJ
iiclr-17591	1387	15	controlling	controlling	NOUN
iiclr-17591	1387	16	group	group	NOUN
iiclr-17591	1387	17	.	.	PUNCT
iiclr-17591	1388	1	behind	behind	ADP
iiclr-17591	1388	2	it	it	PRON
iiclr-17591	1388	3	there	there	PRON
iiclr-17591	1388	4	might	might	AUX
iiclr-17591	1388	5	be	be	AUX
iiclr-17591	1388	6	a	a	DET
iiclr-17591	1388	7	single	single	ADJ
iiclr-17591	1388	8	shareholder	shareholder	NOUN
iiclr-17591	1388	9	,	,	PUNCT
iiclr-17591	1388	10	but	but	CCONJ
iiclr-17591	1388	11	very	very	ADV
iiclr-17591	1388	12	often	often	ADV
iiclr-17591	1388	13	there	there	PRON
iiclr-17591	1388	14	is	be	VERB
iiclr-17591	1388	15	a	a	DET
iiclr-17591	1388	16	group	group	NOUN
iiclr-17591	1388	17	,	,	PUNCT
iiclr-17591	1388	18	which	which	PRON
iiclr-17591	1388	19	takes	take	VERB
iiclr-17591	1388	20	us	we	PRON
iiclr-17591	1388	21	to	to	ADP
iiclr-17591	1388	22	the	the	DET
iiclr-17591	1388	23	second	second	ADJ
iiclr-17591	1388	24	class	class	NOUN
iiclr-17591	1388	25	of	of	ADP
iiclr-17591	1388	26	hypotheses	hypothesis	NOUN
iiclr-17591	1388	27	.	.	PUNCT
iiclr-17591	1389	1	b.	b.	PROPN
iiclr-17591	1389	2	control	control	PROPN
iiclr-17591	1389	3	by	by	ADP
iiclr-17591	1389	4	a	a	DET
iiclr-17591	1389	5	group	group	NOUN
iiclr-17591	1389	6	of	of	ADP
iiclr-17591	1389	7	shareholders	shareholder	NOUN
iiclr-17591	1389	8	acting	act	VERB
iiclr-17591	1389	9	together	together	ADV
iiclr-17591	1389	10	.	.	PUNCT
iiclr-17591	1390	1	in	in	ADP
iiclr-17591	1390	2	almost	almost	ADV
iiclr-17591	1390	3	every	every	PRON
iiclr-17591	1390	4	company	company	NOUN
iiclr-17591	1390	5	the	the	DET
iiclr-17591	1390	6	control	control	NOUN
iiclr-17591	1390	7	is	be	AUX
iiclr-17591	1390	8	shared	share	VERB
iiclr-17591	1390	9	among	among	ADP
iiclr-17591	1390	10	a	a	DET
iiclr-17591	1390	11	group	group	NOUN
iiclr-17591	1390	12	of	of	ADP
iiclr-17591	1390	13	large	large	ADJ
iiclr-17591	1390	14	shareholders	shareholder	NOUN
iiclr-17591	1390	15	.	.	PUNCT
iiclr-17591	1391	1	such	such	ADJ
iiclr-17591	1391	2	groups	group	NOUN
iiclr-17591	1391	3	,	,	PUNCT
iiclr-17591	1391	4	however	however	ADV
iiclr-17591	1391	5	,	,	PUNCT
iiclr-17591	1391	6	assume	assume	VERB
iiclr-17591	1391	7	in	in	ADP
iiclr-17591	1391	8	practice	practice	NOUN
iiclr-17591	1391	9	three	three	NUM
iiclr-17591	1391	10	different	different	ADJ
iiclr-17591	1391	11	forms	form	NOUN
iiclr-17591	1391	12	.	.	PUNCT
iiclr-17591	1392	1	the	the	DET
iiclr-17591	1392	2	first	first	ADJ
iiclr-17591	1392	3	form	form	NOUN
iiclr-17591	1392	4	is	be	AUX
iiclr-17591	1392	5	the	the	DET
iiclr-17591	1392	6	family	family	NOUN
iiclr-17591	1392	7	group	group	NOUN
iiclr-17591	1392	8	,	,	PUNCT
iiclr-17591	1392	9	in	in	ADP
iiclr-17591	1392	10	which	which	PRON
iiclr-17591	1392	11	families	family	NOUN
iiclr-17591	1392	12	exercise	exercise	VERB
iiclr-17591	1392	13	control	control	NOUN
iiclr-17591	1392	14	.	.	PUNCT
iiclr-17591	1393	1	normally	normally	ADV
iiclr-17591	1393	2	family	family	NOUN
iiclr-17591	1393	3	control	control	NOUN
iiclr-17591	1393	4	is	be	AUX
iiclr-17591	1393	5	a	a	DET
iiclr-17591	1393	6	remnant	remnant	NOUN
iiclr-17591	1393	7	of	of	ADP
iiclr-17591	1393	8	the	the	DET
iiclr-17591	1393	9	firm	firm	NOUN
iiclr-17591	1393	10	's	's	PART
iiclr-17591	1393	11	founding	founding	NOUN
iiclr-17591	1393	12	process	process	NOUN
iiclr-17591	1393	13	:	:	PUNCT
iiclr-17591	1393	14	it	it	PRON
iiclr-17591	1393	15	may	may	AUX
iiclr-17591	1393	16	resist	resist	VERB
iiclr-17591	1393	17	time	time	NOUN
iiclr-17591	1393	18	,	,	PUNCT
iiclr-17591	1393	19	remaining	remain	VERB
iiclr-17591	1393	20	in	in	ADP
iiclr-17591	1393	21	perfect	perfect	ADJ
iiclr-17591	1393	22	shape	shape	NOUN
iiclr-17591	1393	23	,	,	PUNCT
iiclr-17591	1393	24	but	but	CCONJ
iiclr-17591	1393	25	once	once	SCONJ
iiclr-17591	1393	26	it	it	PRON
iiclr-17591	1393	27	is	be	AUX
iiclr-17591	1393	28	lost	lose	VERB
iiclr-17591	1393	29	it	it	PRON
iiclr-17591	1393	30	rarely	rarely	ADV
iiclr-17591	1393	31	comes	come	VERB
iiclr-17591	1393	32	back.16	back.16	PROPN
iiclr-17591	1393	33	'	'	PUNCT
iiclr-17591	1393	34	the	the	DET
iiclr-17591	1393	35	nature	nature	NOUN
iiclr-17591	1393	36	of	of	ADP
iiclr-17591	1393	37	the	the	DET
iiclr-17591	1393	38	relationship	relationship	NOUN
iiclr-17591	1393	39	among	among	ADP
iiclr-17591	1393	40	shareholders	shareholder	NOUN
iiclr-17591	1393	41	may	may	AUX
iiclr-17591	1393	42	be	be	AUX
iiclr-17591	1393	43	sufficient	sufficient	ADJ
iiclr-17591	1393	44	to	to	PART
iiclr-17591	1393	45	keep	keep	VERB
iiclr-17591	1393	46	them	they	PRON
iiclr-17591	1393	47	aligned	aligned	ADJ
iiclr-17591	1393	48	as	as	ADP
iiclr-17591	1393	49	a	a	DET
iiclr-17591	1393	50	group	group	NOUN
iiclr-17591	1393	51	;	;	PUNCT
iiclr-17591	1393	52	shareholders	shareholder	NOUN
iiclr-17591	1393	53	of	of	ADP
iiclr-17591	1393	54	a	a	DET
iiclr-17591	1393	55	family	family	NOUN
iiclr-17591	1393	56	may	may	AUX
iiclr-17591	1393	57	then	then	ADV
iiclr-17591	1393	58	waive	waive	VERB
iiclr-17591	1393	59	the	the	DET
iiclr-17591	1393	60	necessity	necessity	NOUN
iiclr-17591	1393	61	to	to	PART
iiclr-17591	1393	62	put	put	VERB
iiclr-17591	1393	63	the	the	DET
iiclr-17591	1393	64	agreement	agreement	NOUN
iiclr-17591	1393	65	in	in	ADP
iiclr-17591	1393	66	writing	writing	NOUN
iiclr-17591	1393	67	.	.	PUNCT
iiclr-17591	1394	1	when	when	SCONJ
iiclr-17591	1394	2	this	this	PRON
iiclr-17591	1394	3	happens	happen	VERB
iiclr-17591	1394	4	-	-	PUNCT
iiclr-17591	1394	5	and	and	CCONJ
iiclr-17591	1394	6	it	it	PRON
iiclr-17591	1394	7	inevitably	inevitably	ADV
iiclr-17591	1394	8	does	do	VERB
iiclr-17591	1394	9	when	when	SCONJ
iiclr-17591	1394	10	the	the	DET
iiclr-17591	1394	11	family	family	NOUN
iiclr-17591	1394	12	widens	widen	VERB
iiclr-17591	1394	13	and	and	CCONJ
iiclr-17591	1394	14	ties	tie	VERB
iiclr-17591	1394	15	loosen	loosen	VERB
iiclr-17591	1394	16	-	-	PUNCT
iiclr-17591	1394	17	the	the	DET
iiclr-17591	1394	18	case	case	NOUN
iiclr-17591	1394	19	falls	fall	VERB
iiclr-17591	1394	20	in	in	ADP
iiclr-17591	1394	21	the	the	DET
iiclr-17591	1394	22	second	second	ADJ
iiclr-17591	1394	23	category	category	NOUN
iiclr-17591	1394	24	.	.	PUNCT
iiclr-17591	1395	1	the	the	DET
iiclr-17591	1395	2	second	second	ADJ
iiclr-17591	1395	3	form	form	NOUN
iiclr-17591	1395	4	is	be	AUX
iiclr-17591	1395	5	control	control	NOUN
iiclr-17591	1395	6	through	through	ADP
iiclr-17591	1395	7	a	a	DET
iiclr-17591	1395	8	shareholders	shareholder	NOUN
iiclr-17591	1395	9	'	'	PART
iiclr-17591	1395	10	agreement	agreement	NOUN
iiclr-17591	1395	11	.	.	PUNCT
iiclr-17591	1396	1	this	this	PRON
iiclr-17591	1396	2	is	be	AUX
iiclr-17591	1396	3	probably	probably	ADV
iiclr-17591	1396	4	the	the	DET
iiclr-17591	1396	5	most	most	ADV
iiclr-17591	1396	6	common	common	ADJ
iiclr-17591	1396	7	form	form	NOUN
iiclr-17591	1396	8	for	for	ADP
iiclr-17591	1396	9	two	two	NUM
iiclr-17591	1396	10	reasons	reason	NOUN
iiclr-17591	1396	11	:	:	PUNCT
iiclr-17591	1396	12	not	not	PART
iiclr-17591	1396	13	only	only	ADV
iiclr-17591	1396	14	do	do	AUX
iiclr-17591	1396	15	shareholders	shareholder	NOUN
iiclr-17591	1396	16	with	with	ADP
iiclr-17591	1396	17	a	a	DET
iiclr-17591	1396	18	significant	significant	ADJ
iiclr-17591	1396	19	share	share	NOUN
iiclr-17591	1396	20	of	of	ADP
iiclr-17591	1396	21	the	the	DET
iiclr-17591	1396	22	capital	capital	NOUN
iiclr-17591	1396	23	normally	normally	ADV
iiclr-17591	1396	24	agree	agree	VERB
iiclr-17591	1396	25	on	on	ADP
iiclr-17591	1396	26	corporate	corporate	ADJ
iiclr-17591	1396	27	governance	governance	NOUN
iiclr-17591	1396	28	,	,	PUNCT
iiclr-17591	1396	29	but	but	CCONJ
iiclr-17591	1396	30	in	in	ADP
iiclr-17591	1396	31	addition	addition	NOUN
iiclr-17591	1396	32	,	,	PUNCT
iiclr-17591	1396	33	shareholders	shareholder	NOUN
iiclr-17591	1396	34	having	have	VERB
iiclr-17591	1396	35	alone	alone	ADV
iiclr-17591	1396	36	a	a	DET
iiclr-17591	1396	37	potentially	potentially	ADV
iiclr-17591	1396	38	controlling	control	VERB
iiclr-17591	1396	39	share	share	NOUN
iiclr-17591	1396	40	tend	tend	VERB
iiclr-17591	1396	41	to	to	PART
iiclr-17591	1396	42	stipulate	stipulate	VERB
iiclr-17591	1396	43	agreements	agreement	NOUN
iiclr-17591	1396	44	with	with	ADP
iiclr-17591	1396	45	other	other	ADJ
iiclr-17591	1396	46	large	large	ADJ
iiclr-17591	1396	47	shareholders	shareholder	NOUN
iiclr-17591	1396	48	.	.	PUNCT
iiclr-17591	1397	1	62	62	NUM
iiclr-17591	1397	2	agreements	agreement	NOUN
iiclr-17591	1397	3	vary	vary	VERB
iiclr-17591	1397	4	in	in	ADP
iiclr-17591	1397	5	object	object	NOUN
iiclr-17591	1397	6	and	and	CCONJ
iiclr-17591	1397	7	structure	structure	NOUN
iiclr-17591	1397	8	;	;	PUNCT
iiclr-17591	1397	9	their	their	PRON
iiclr-17591	1397	10	validity	validity	NOUN
iiclr-17591	1397	11	,	,	PUNCT
iiclr-17591	1397	12	and	and	CCONJ
iiclr-17591	1397	13	hence	hence	ADV
iiclr-17591	1397	14	their	their	PRON
iiclr-17591	1397	15	enforceability	enforceability	NOUN
iiclr-17591	1397	16	,	,	PUNCT
iiclr-17591	1397	17	is	be	AUX
iiclr-17591	1397	18	highly	highly	ADV
iiclr-17591	1397	19	doubtful	doubtful	ADJ
iiclr-17591	1397	20	.	.	PUNCT
iiclr-17591	1398	1	due	due	ADP
iiclr-17591	1398	2	to	to	ADP
iiclr-17591	1398	3	their	their	PRON
iiclr-17591	1398	4	importance	importance	NOUN
iiclr-17591	1398	5	,	,	PUNCT
iiclr-17591	1398	6	we	we	PRON
iiclr-17591	1398	7	will	will	AUX
iiclr-17591	1398	8	further	far	ADV
iiclr-17591	1398	9	deal	deal	VERB
iiclr-17591	1398	10	with	with	ADP
iiclr-17591	1398	11	shareholders	shareholder	NOUN
iiclr-17591	1398	12	'	'	PART
iiclr-17591	1398	13	agreements	agreement	NOUN
iiclr-17591	1398	14	below	below	ADV
iiclr-17591	1398	15	.	.	PUNCT
iiclr-17591	1399	1	the	the	DET
iiclr-17591	1399	2	third	third	ADJ
iiclr-17591	1399	3	form	form	NOUN
iiclr-17591	1399	4	of	of	ADP
iiclr-17591	1399	5	control	control	NOUN
iiclr-17591	1399	6	is	be	AUX
iiclr-17591	1399	7	new	new	ADJ
iiclr-17591	1399	8	,	,	PUNCT
iiclr-17591	1399	9	and	and	CCONJ
iiclr-17591	1399	10	rather	rather	ADV
iiclr-17591	1399	11	mysterious	mysterious	ADJ
iiclr-17591	1399	12	.	.	PUNCT
iiclr-17591	1400	1	in	in	ADP
iiclr-17591	1400	2	a	a	DET
iiclr-17591	1400	3	few	few	ADJ
iiclr-17591	1400	4	newly	newly	ADV
iiclr-17591	1400	5	privatized	privatized	ADJ
iiclr-17591	1400	6	companies	company	NOUN
iiclr-17591	1400	7	,	,	PUNCT
iiclr-17591	1400	8	apparently	apparently	ADV
iiclr-17591	1400	9	without	without	ADP
iiclr-17591	1400	10	any	any	DET
iiclr-17591	1400	11	previous	previous	ADJ
iiclr-17591	1400	12	consultation	consultation	NOUN
iiclr-17591	1400	13	,	,	PUNCT
iiclr-17591	1400	14	the	the	DET
iiclr-17591	1400	15	largest	large	ADJ
iiclr-17591	1400	16	shareholders	shareholder	NOUN
iiclr-17591	1400	17	have	have	AUX
iiclr-17591	1400	18	agreed	agree	VERB
iiclr-17591	1400	19	to	to	PART
iiclr-17591	1400	20	elect	elect	VERB
iiclr-17591	1400	21	themselves	themselves	PRON
iiclr-17591	1400	22	to	to	ADP
iiclr-17591	1400	23	the	the	DET
iiclr-17591	1400	24	board	board	NOUN
iiclr-17591	1400	25	reciprocally	reciprocally	ADV
iiclr-17591	1400	26	(	(	PUNCT
iiclr-17591	1400	27	more	more	ADV
iiclr-17591	1400	28	precisely	precisely	ADV
iiclr-17591	1400	29	,	,	PUNCT
iiclr-17591	1400	30	to	to	PART
iiclr-17591	1400	31	elect	elect	VERB
iiclr-17591	1400	32	their	their	PRON
iiclr-17591	1400	33	representatives	representative	NOUN
iiclr-17591	1400	34	)	)	PUNCT
iiclr-17591	1400	35	,	,	PUNCT
iiclr-17591	1400	36	thus	thus	ADV
iiclr-17591	1400	37	giving	give	VERB
iiclr-17591	1400	38	rise	rise	NOUN
iiclr-17591	1400	39	to	to	ADP
iiclr-17591	1400	40	a	a	DET
iiclr-17591	1400	41	strange	strange	ADJ
iiclr-17591	1400	42	kind	kind	NOUN
iiclr-17591	1400	43	of	of	ADP
iiclr-17591	1400	44	box	box	NOUN
iiclr-17591	1400	45	,	,	PUNCT
iiclr-17591	1400	46	'	'	PUNCT
iiclr-17591	1400	47	set	set	VERB
iiclr-17591	1400	48	up	up	ADP
iiclr-17591	1400	49	by	by	ADP
iiclr-17591	1400	50	the	the	DET
iiclr-17591	1400	51	majority	majority	NOUN
iiclr-17591	1400	52	shareholder	shareholder	NOUN
iiclr-17591	1400	53	to	to	PART
iiclr-17591	1400	54	raise	raise	VERB
iiclr-17591	1400	55	risk	risk	NOUN
iiclr-17591	1400	56	capital	capital	NOUN
iiclr-17591	1400	57	without	without	ADP
iiclr-17591	1400	58	imperiling	imperil	VERB
iiclr-17591	1400	59	his	his	PRON
iiclr-17591	1400	60	control	control	NOUN
iiclr-17591	1400	61	,	,	PUNCT
iiclr-17591	1400	62	is	be	AUX
iiclr-17591	1400	63	only	only	ADV
iiclr-17591	1400	64	a	a	DET
iiclr-17591	1400	65	means	mean	NOUN
iiclr-17591	1400	66	to	to	ADP
iiclr-17591	1400	67	minimizing	minimize	VERB
iiclr-17591	1400	68	contributed	contribute	VERB
iiclr-17591	1400	69	capital	capital	NOUN
iiclr-17591	1400	70	and	and	CCONJ
iiclr-17591	1400	71	risk	risk	NOUN
iiclr-17591	1400	72	.	.	PUNCT
iiclr-17591	1400	73	"	"	PUNCT
iiclr-17591	1401	1	a	a	DET
iiclr-17591	1401	2	typical	typical	ADJ
iiclr-17591	1401	3	example	example	NOUN
iiclr-17591	1401	4	of	of	ADP
iiclr-17591	1401	5	listed	listed	ADJ
iiclr-17591	1401	6	"	"	PUNCT
iiclr-17591	1401	7	chinese	chinese	PROPN
iiclr-17591	1401	8	box	box	PROPN
iiclr-17591	1401	9	"	"	PUNCT
iiclr-17591	1401	10	is	be	AUX
iiclr-17591	1401	11	bonifiche	bonifiche	NOUN
iiclr-17591	1401	12	siele	siele	NOUN
iiclr-17591	1401	13	s.p.a	s.p.a	PROPN
iiclr-17591	1401	14	.	.	PROPN
iiclr-17591	1401	15	,	,	PUNCT
iiclr-17591	1401	16	whose	whose	DET
iiclr-17591	1401	17	sole	sole	ADJ
iiclr-17591	1401	18	relevant	relevant	ADJ
iiclr-17591	1401	19	asset	asset	NOUN
iiclr-17591	1401	20	is	be	AUX
iiclr-17591	1401	21	an	an	DET
iiclr-17591	1401	22	almost	almost	ADV
iiclr-17591	1401	23	absolute	absolute	ADJ
iiclr-17591	1401	24	majority	majority	NOUN
iiclr-17591	1401	25	holding	hold	VERB
iiclr-17591	1401	26	in	in	ADP
iiclr-17591	1401	27	bancanazionale	bancanazionale	PROPN
iiclr-17591	1401	28	dell'agricoltura	dell'agricoltura	PROPN
iiclr-17591	1401	29	s.p.a	s.p.a	NOUN
iiclr-17591	1401	30	.	.	PROPN
iiclr-17591	1401	31	,	,	PUNCT
iiclr-17591	1401	32	also	also	ADV
iiclr-17591	1401	33	listed	list	VERB
iiclr-17591	1401	34	.	.	PUNCT
iiclr-17591	1402	1	this	this	PRON
iiclr-17591	1402	2	created	create	VERB
iiclr-17591	1402	3	serious	serious	ADJ
iiclr-17591	1402	4	problems	problem	NOUN
iiclr-17591	1402	5	in	in	ADP
iiclr-17591	1402	6	early	early	ADJ
iiclr-17591	1402	7	1995	1995	NUM
iiclr-17591	1402	8	,	,	PUNCT
iiclr-17591	1402	9	in	in	ADP
iiclr-17591	1402	10	connection	connection	NOUN
iiclr-17591	1402	11	with	with	ADP
iiclr-17591	1402	12	the	the	DET
iiclr-17591	1402	13	transfer	transfer	NOUN
iiclr-17591	1402	14	of	of	ADP
iiclr-17591	1402	15	control	control	NOUN
iiclr-17591	1402	16	of	of	ADP
iiclr-17591	1402	17	bonifiche	bonifiche	NOUN
iiclr-17591	1402	18	siele	siele	VERB
iiclr-17591	1402	19	s.p.a	s.p.a	PROPN
iiclr-17591	1402	20	.	.	PUNCT
iiclr-17591	1403	1	because	because	SCONJ
iiclr-17591	1403	2	of	of	ADP
iiclr-17591	1403	3	the	the	DET
iiclr-17591	1403	4	uncertainty	uncertainty	NOUN
iiclr-17591	1403	5	about	about	ADP
iiclr-17591	1403	6	the	the	DET
iiclr-17591	1403	7	obligation	obligation	NOUN
iiclr-17591	1403	8	of	of	ADP
iiclr-17591	1403	9	the	the	DET
iiclr-17591	1403	10	buyer	buyer	NOUN
iiclr-17591	1403	11	to	to	PART
iiclr-17591	1403	12	launch	launch	VERB
iiclr-17591	1403	13	a	a	DET
iiclr-17591	1403	14	follow	follow	VERB
iiclr-17591	1403	15	-	-	PUNCT
iiclr-17591	1403	16	up	up	ADP
iiclr-17591	1403	17	tender	tender	NOUN
iiclr-17591	1403	18	offer	offer	NOUN
iiclr-17591	1403	19	on	on	ADP
iiclr-17591	1403	20	the	the	DET
iiclr-17591	1403	21	stock	stock	NOUN
iiclr-17591	1403	22	of	of	ADP
iiclr-17591	1403	23	banca	banca	PROPN
iiclr-17591	1403	24	nazionale	nazionale	PROPN
iiclr-17591	1403	25	dell'agricoltura	dell'agricoltura	PROPN
iiclr-17591	1403	26	s.p.a	s.p.a	NOUN
iiclr-17591	1403	27	.	.	PUNCT
iiclr-17591	1404	1	this	this	PRON
iiclr-17591	1404	2	is	be	AUX
iiclr-17591	1404	3	required	require	VERB
iiclr-17591	1404	4	,	,	PUNCT
iiclr-17591	1404	5	in	in	ADP
iiclr-17591	1404	6	connection	connection	NOUN
iiclr-17591	1404	7	with	with	ADP
iiclr-17591	1404	8	transfer	transfer	NOUN
iiclr-17591	1404	9	of	of	ADP
iiclr-17591	1404	10	control	control	NOUN
iiclr-17591	1404	11	of	of	ADP
iiclr-17591	1404	12	unlistedparents	unlistedparent	NOUN
iiclr-17591	1404	13	of	of	ADP
iiclr-17591	1404	14	listed	list	VERB
iiclr-17591	1404	15	subsidiaries	subsidiary	NOUN
iiclr-17591	1404	16	,	,	PUNCT
iiclr-17591	1404	17	by	by	ADP
iiclr-17591	1404	18	a	a	DET
iiclr-17591	1404	19	(	(	PUNCT
iiclr-17591	1404	20	very	very	ADV
iiclr-17591	1404	21	reasonable	reasonable	ADJ
iiclr-17591	1404	22	)	)	PUNCT
iiclr-17591	1404	23	consob	consob	NOUN
iiclr-17591	1404	24	interpretation	interpretation	NOUN
iiclr-17591	1404	25	of	of	ADP
iiclr-17591	1404	26	the	the	DET
iiclr-17591	1404	27	law	law	NOUN
iiclr-17591	1404	28	of	of	ADP
iiclr-17591	1404	29	feb	feb	PROPN
iiclr-17591	1404	30	.	.	PROPN
iiclr-17591	1404	31	18	18	NUM
iiclr-17591	1404	32	,	,	PUNCT
iiclr-17591	1404	33	1992	1992	NUM
iiclr-17591	1404	34	,	,	PUNCT
iiclr-17591	1404	35	no	no	INTJ
iiclr-17591	1404	36	.	.	NOUN
iiclr-17591	1404	37	149	149	NUM
iiclr-17591	1404	38	,	,	PUNCT
iiclr-17591	1404	39	on	on	ADP
iiclr-17591	1404	40	tender	tender	ADJ
iiclr-17591	1404	41	offers	offer	NOUN
iiclr-17591	1404	42	.	.	PUNCT
iiclr-17591	1405	1	161	161	NUM
iiclr-17591	1405	2	.	.	PUNCT
iiclr-17591	1406	1	an	an	DET
iiclr-17591	1406	2	example	example	NOUN
iiclr-17591	1406	3	of	of	ADP
iiclr-17591	1406	4	a	a	DET
iiclr-17591	1406	5	successful	successful	ADJ
iiclr-17591	1406	6	family	family	NOUN
iiclr-17591	1406	7	empire	empire	NOUN
iiclr-17591	1406	8	that	that	PRON
iiclr-17591	1406	9	escaped	escape	VERB
iiclr-17591	1406	10	from	from	ADP
iiclr-17591	1406	11	the	the	DET
iiclr-17591	1406	12	family	family	NOUN
iiclr-17591	1406	13	's	's	PART
iiclr-17591	1406	14	hands	hand	NOUN
iiclr-17591	1406	15	is	be	AUX
iiclr-17591	1406	16	the	the	DET
iiclr-17591	1406	17	fearuzzi	fearuzzi	ADJ
iiclr-17591	1406	18	group	group	NOUN
iiclr-17591	1406	19	,	,	PUNCT
iiclr-17591	1406	20	which	which	PRON
iiclr-17591	1406	21	fell	fall	VERB
iiclr-17591	1406	22	into	into	ADP
iiclr-17591	1406	23	a	a	DET
iiclr-17591	1406	24	deep	deep	ADJ
iiclr-17591	1406	25	financial	financial	ADJ
iiclr-17591	1406	26	crisis	crisis	NOUN
iiclr-17591	1406	27	in	in	ADP
iiclr-17591	1406	28	1993	1993	NUM
iiclr-17591	1406	29	and	and	CCONJ
iiclr-17591	1406	30	was	be	AUX
iiclr-17591	1406	31	taken	take	VERB
iiclr-17591	1406	32	over	over	ADP
iiclr-17591	1406	33	by	by	ADP
iiclr-17591	1406	34	the	the	DET
iiclr-17591	1406	35	creditorbanks	creditorbank	NOUN
iiclr-17591	1406	36	.	.	PUNCT
iiclr-17591	1407	1	at	at	ADP
iiclr-17591	1407	2	the	the	DET
iiclr-17591	1407	3	time	time	NOUN
iiclr-17591	1407	4	of	of	ADP
iiclr-17591	1407	5	the	the	DET
iiclr-17591	1407	6	change	change	NOUN
iiclr-17591	1407	7	of	of	ADP
iiclr-17591	1407	8	ownership	ownership	NOUN
iiclr-17591	1407	9	it	it	PRON
iiclr-17591	1407	10	was	be	AUX
iiclr-17591	1407	11	the	the	DET
iiclr-17591	1407	12	second	second	ADJ
iiclr-17591	1407	13	italian	italian	ADJ
iiclr-17591	1407	14	private	private	ADJ
iiclr-17591	1407	15	group	group	NOUN
iiclr-17591	1407	16	after	after	ADP
iiclr-17591	1407	17	the	the	DET
iiclr-17591	1407	18	fiat	fiat	PROPN
iiclr-17591	1407	19	group	group	NOUN
iiclr-17591	1407	20	.	.	PUNCT
iiclr-17591	1408	1	162	162	NUM
iiclr-17591	1408	2	.	.	PUNCT
iiclr-17591	1409	1	for	for	ADP
iiclr-17591	1409	2	example	example	NOUN
iiclr-17591	1409	3	,	,	PUNCT
iiclr-17591	1409	4	this	this	PRON
iiclr-17591	1409	5	is	be	AUX
iiclr-17591	1409	6	the	the	DET
iiclr-17591	1409	7	case	case	NOUN
iiclr-17591	1409	8	of	of	ADP
iiclr-17591	1409	9	the	the	DET
iiclr-17591	1409	10	shareholders	shareholder	NOUN
iiclr-17591	1409	11	'	'	PART
iiclr-17591	1409	12	agreement	agreement	NOUN
iiclr-17591	1409	13	involving	involve	VERB
iiclr-17591	1409	14	fiat	fiat	PROPN
iiclr-17591	1409	15	s.p.a	s.p.a	NOUN
iiclr-17591	1409	16	.	.	PUNCT
iiclr-17591	1410	1	the	the	DET
iiclr-17591	1410	2	largest	large	ADJ
iiclr-17591	1410	3	shareholder	shareholder	NOUN
iiclr-17591	1410	4	,	,	PUNCT
iiclr-17591	1410	5	sub	sub	ADJ
iiclr-17591	1410	6	-	-	ADJ
iiclr-17591	1410	7	holding	hold	VERB
iiclr-17591	1410	8	for	for	ADP
iiclr-17591	1410	9	the	the	DET
iiclr-17591	1410	10	controlling	control	VERB
iiclr-17591	1410	11	family	family	NOUN
iiclr-17591	1410	12	(	(	PUNCT
iiclr-17591	1410	13	which	which	PRON
iiclr-17591	1410	14	as	as	ADP
iiclr-17591	1410	15	a	a	DET
iiclr-17591	1410	16	whole	whole	NOUN
iiclr-17591	1410	17	,	,	PUNCT
iiclr-17591	1410	18	directly	directly	ADV
iiclr-17591	1410	19	or	or	CCONJ
iiclr-17591	1410	20	indirectly	indirectly	ADV
iiclr-17591	1410	21	,	,	PUNCT
iiclr-17591	1410	22	holds	hold	VERB
iiclr-17591	1410	23	a	a	DET
iiclr-17591	1410	24	share	share	NOUN
iiclr-17591	1410	25	around	around	ADP
iiclr-17591	1410	26	one	one	NUM
iiclr-17591	1410	27	-	-	PUNCT
iiclr-17591	1410	28	third	third	NOUN
iiclr-17591	1410	29	of	of	ADP
iiclr-17591	1410	30	the	the	DET
iiclr-17591	1410	31	capital	capital	NOUN
iiclr-17591	1410	32	of	of	ADP
iiclr-17591	1410	33	fiat	fiat	PROPN
iiclr-17591	1410	34	)	)	PUNCT
iiclr-17591	1410	35	,	,	PUNCT
iiclr-17591	1410	36	has	have	AUX
iiclr-17591	1410	37	stipulated	stipulate	VERB
iiclr-17591	1410	38	an	an	DET
iiclr-17591	1410	39	agreement	agreement	NOUN
iiclr-17591	1410	40	with	with	ADP
iiclr-17591	1410	41	four	four	NUM
iiclr-17591	1410	42	shareholders	shareholder	NOUN
iiclr-17591	1410	43	with	with	ADP
iiclr-17591	1410	44	shares	share	NOUN
iiclr-17591	1410	45	ranging	range	VERB
iiclr-17591	1410	46	from	from	ADP
iiclr-17591	1410	47	two	two	NUM
iiclr-17591	1410	48	to	to	ADP
iiclr-17591	1410	49	around	around	ADV
iiclr-17591	1410	50	three	three	NUM
iiclr-17591	1410	51	percent	percent	NOUN
iiclr-17591	1410	52	.	.	PUNCT
iiclr-17591	1411	1	see	see	VERB
iiclr-17591	1411	2	il	il	PROPN
iiclr-17591	1411	3	sole	sole	ADJ
iiclr-17591	1411	4	24	24	NUM
iiclr-17591	1411	5	ore	ore	NOUN
iiclr-17591	1411	6	,	,	PUNCT
iiclr-17591	1411	7	may	may	AUX
iiclr-17591	1411	8	14	14	NUM
iiclr-17591	1411	9	,	,	PUNCT
iiclr-17591	1411	10	1994	1994	NUM
iiclr-17591	1411	11	,	,	PUNCT
iiclr-17591	1411	12	at	at	ADP
iiclr-17591	1411	13	31	31	NUM
iiclr-17591	1411	14	.	.	PUNCT
iiclr-17591	1411	15	19951	19951	NUM
iiclr-17591	1411	16	ind	ind	NOUN
iiclr-17591	1411	17	.	.	PUNCT
iiclr-17591	1412	1	int'l	int'l	PROPN
iiclr-17591	1412	2	&	&	CCONJ
iiclr-17591	1412	3	comp	comp	PROPN
iiclr-17591	1412	4	.	.	PUNCT
iiclr-17591	1413	1	l	l	PROPN
iiclr-17591	1413	2	rev	rev	VERB
iiclr-17591	1413	3	.	.	PUNCT
iiclr-17591	1414	1	spontaneous	spontaneous	ADJ
iiclr-17591	1414	2	-	-	PUNCT
iiclr-17591	1414	3	concerted	concert	VERB
iiclr-17591	1414	4	action.63	action.63	ADJ
iiclr-17591	1414	5	many	many	ADJ
iiclr-17591	1414	6	voices	voice	NOUN
iiclr-17591	1414	7	claimed	claim	VERB
iiclr-17591	1414	8	the	the	DET
iiclr-17591	1414	9	existence	existence	NOUN
iiclr-17591	1414	10	of	of	ADP
iiclr-17591	1414	11	undisclosed	undisclosed	ADJ
iiclr-17591	1414	12	agreements	agreement	NOUN
iiclr-17591	1414	13	between	between	ADP
iiclr-17591	1414	14	shareholders	shareholder	NOUN
iiclr-17591	1414	15	,	,	PUNCT
iiclr-17591	1414	16	but	but	CCONJ
iiclr-17591	1414	17	a	a	DET
iiclr-17591	1414	18	consob	consob	NOUN
iiclr-17591	1414	19	probe	probe	NOUN
iiclr-17591	1414	20	found	find	VERB
iiclr-17591	1414	21	no	no	DET
iiclr-17591	1414	22	evidence	evidence	NOUN
iiclr-17591	1414	23	of	of	ADP
iiclr-17591	1414	24	agreements	agreement	NOUN
iiclr-17591	1414	25	whatsoever	whatsoever	ADV
iiclr-17591	1414	26	.	.	PUNCT
iiclr-17591	1415	1	it	it	PRON
iiclr-17591	1415	2	is	be	AUX
iiclr-17591	1415	3	instead	instead	ADV
iiclr-17591	1415	4	very	very	ADV
iiclr-17591	1415	5	likely	likely	ADJ
iiclr-17591	1415	6	that	that	SCONJ
iiclr-17591	1415	7	each	each	DET
iiclr-17591	1415	8	large	large	ADJ
iiclr-17591	1415	9	shareholder	shareholder	NOUN
iiclr-17591	1415	10	,	,	PUNCT
iiclr-17591	1415	11	in	in	ADP
iiclr-17591	1415	12	a	a	DET
iiclr-17591	1415	13	perfectly	perfectly	ADV
iiclr-17591	1415	14	rational	rational	ADJ
iiclr-17591	1415	15	and	and	CCONJ
iiclr-17591	1415	16	independent	independent	ADJ
iiclr-17591	1415	17	way	way	NOUN
iiclr-17591	1415	18	,	,	PUNCT
iiclr-17591	1415	19	decided	decide	VERB
iiclr-17591	1415	20	to	to	PART
iiclr-17591	1415	21	converge	converge	VERB
iiclr-17591	1415	22	with	with	ADP
iiclr-17591	1415	23	the	the	DET
iiclr-17591	1415	24	others	other	NOUN
iiclr-17591	1415	25	in	in	ADP
iiclr-17591	1415	26	governing	govern	VERB
iiclr-17591	1415	27	the	the	DET
iiclr-17591	1415	28	company	company	NOUN
iiclr-17591	1415	29	under	under	ADP
iiclr-17591	1415	30	a	a	DET
iiclr-17591	1415	31	non	non	ADJ
iiclr-17591	1415	32	-	-	ADJ
iiclr-17591	1415	33	adversarial	adversarial	ADJ
iiclr-17591	1415	34	,	,	PUNCT
iiclr-17591	1415	35	cooperative	cooperative	ADJ
iiclr-17591	1415	36	model	model	NOUN
iiclr-17591	1415	37	.	.	PUNCT
iiclr-17591	1416	1	social	social	ADJ
iiclr-17591	1416	2	studies	study	NOUN
iiclr-17591	1416	3	might	might	AUX
iiclr-17591	1416	4	show	show	VERB
iiclr-17591	1416	5	how	how	SCONJ
iiclr-17591	1416	6	much	much	ADJ
iiclr-17591	1416	7	the	the	DET
iiclr-17591	1416	8	usual	usual	ADJ
iiclr-17591	1416	9	patterns	pattern	NOUN
iiclr-17591	1416	10	of	of	ADP
iiclr-17591	1416	11	corporate	corporate	ADJ
iiclr-17591	1416	12	governance-4he	governance-4he	NOUN
iiclr-17591	1416	13	"	"	PUNCT
iiclr-17591	1416	14	shared	share	VERB
iiclr-17591	1416	15	mental	mental	ADJ
iiclr-17591	1416	16	models	model	NOUN
iiclr-17591	1416	17	"	"	PUNCT
iiclr-17591	1416	18	of	of	ADP
iiclr-17591	1416	19	the	the	DET
iiclr-17591	1416	20	italian	italian	ADJ
iiclr-17591	1416	21	business	business	NOUN
iiclr-17591	1416	22	cornmunity'"-have	cornmunity'"-have	AUX
iiclr-17591	1416	23	been	be	AUX
iiclr-17591	1416	24	at	at	ADP
iiclr-17591	1416	25	work	work	NOUN
iiclr-17591	1416	26	.	.	PUNCT
iiclr-17591	1417	1	the	the	DET
iiclr-17591	1417	2	most	most	ADV
iiclr-17591	1417	3	interesting	interesting	ADJ
iiclr-17591	1417	4	and	and	CCONJ
iiclr-17591	1417	5	problematic	problematic	ADJ
iiclr-17591	1417	6	governance	governance	NOUN
iiclr-17591	1417	7	institution	institution	NOUN
iiclr-17591	1417	8	is	be	AUX
iiclr-17591	1417	9	shareholders	shareholder	NOUN
iiclr-17591	1417	10	'	'	PART
iiclr-17591	1417	11	agreements	agreement	NOUN
iiclr-17591	1417	12	.	.	PUNCT
iiclr-17591	1418	1	let	let	VERB
iiclr-17591	1418	2	us	we	PRON
iiclr-17591	1418	3	look	look	VERB
iiclr-17591	1418	4	at	at	ADP
iiclr-17591	1418	5	them	they	PRON
iiclr-17591	1418	6	in	in	ADP
iiclr-17591	1418	7	further	further	ADJ
iiclr-17591	1418	8	detail	detail	NOUN
iiclr-17591	1418	9	.	.	PUNCT
iiclr-17591	1419	1	g.	g.	PROPN
iiclr-17591	1419	2	shareholders	shareholders	PROPN
iiclr-17591	1419	3	'	'	PART
iiclr-17591	1419	4	agreements	agreement	NOUN
iiclr-17591	1419	5	as	as	ADP
iiclr-17591	1419	6	non	non	ADJ
iiclr-17591	1419	7	-	-	ADJ
iiclr-17591	1419	8	legal	legal	ADJ
iiclr-17591	1419	9	,	,	PUNCT
iiclr-17591	1419	10	or	or	CCONJ
iiclr-17591	1419	11	at	at	ADP
iiclr-17591	1419	12	least	least	ADJ
iiclr-17591	1419	13	only	only	ADV
iiclr-17591	1419	14	partly	partly	ADV
iiclr-17591	1419	15	legal	legal	ADJ
iiclr-17591	1419	16	,	,	PUNCT
iiclr-17591	1419	17	institutions	institution	NOUN
iiclr-17591	1419	18	of	of	ADP
iiclr-17591	1419	19	governance	governance	NOUN
iiclr-17591	1419	20	of	of	ADP
iiclr-17591	1419	21	italian	italian	ADJ
iiclr-17591	1419	22	companies	company	NOUN
iiclr-17591	1419	23	.	.	PUNCT
iiclr-17591	1420	1	shareholders	shareholder	NOUN
iiclr-17591	1420	2	'	'	PART
iiclr-17591	1420	3	agreements	agreement	NOUN
iiclr-17591	1420	4	on	on	ADP
iiclr-17591	1420	5	corporate	corporate	ADJ
iiclr-17591	1420	6	governance	governance	NOUN
iiclr-17591	1420	7	are	be	AUX
iiclr-17591	1420	8	one	one	NUM
iiclr-17591	1420	9	of	of	ADP
iiclr-17591	1420	10	the	the	DET
iiclr-17591	1420	11	most	most	ADV
iiclr-17591	1420	12	controversial	controversial	ADJ
iiclr-17591	1420	13	topics	topic	NOUN
iiclr-17591	1420	14	in	in	ADP
iiclr-17591	1420	15	italian	italian	ADJ
iiclr-17591	1420	16	corporate	corporate	ADJ
iiclr-17591	1420	17	law	law	NOUN
iiclr-17591	1420	18	.	.	PUNCT
iiclr-17591	1421	1	authors	author	NOUN
iiclr-17591	1421	2	have	have	VERB
iiclr-17591	1421	3	different	different	ADJ
iiclr-17591	1421	4	opinions	opinion	NOUN
iiclr-17591	1421	5	as	as	ADP
iiclr-17591	1421	6	to	to	ADP
iiclr-17591	1421	7	their	their	PRON
iiclr-17591	1421	8	validity	validity	NOUN
iiclr-17591	1421	9	,	,	PUNCT
iiclr-17591	1421	10	while	while	SCONJ
iiclr-17591	1421	11	courts	court	NOUN
iiclr-17591	1421	12	tend	tend	VERB
iiclr-17591	1421	13	to	to	PART
iiclr-17591	1421	14	look	look	VERB
iiclr-17591	1421	15	at	at	ADP
iiclr-17591	1421	16	them	they	PRON
iiclr-17591	1421	17	with	with	ADP
iiclr-17591	1421	18	suspicion	suspicion	NOUN
iiclr-17591	1421	19	.	.	PUNCT
iiclr-17591	1422	1	shareholders	shareholder	NOUN
iiclr-17591	1422	2	'	'	PART
iiclr-17591	1422	3	agreements	agreement	NOUN
iiclr-17591	1422	4	may	may	AUX
iiclr-17591	1422	5	involve	involve	VERB
iiclr-17591	1422	6	the	the	DET
iiclr-17591	1422	7	right	right	NOUN
iiclr-17591	1422	8	to	to	PART
iiclr-17591	1422	9	vote	vote	VERB
iiclr-17591	1422	10	,	,	PUNCT
iiclr-17591	1422	11	the	the	DET
iiclr-17591	1422	12	right	right	NOUN
iiclr-17591	1422	13	to	to	PART
iiclr-17591	1422	14	transfer	transfer	VERB
iiclr-17591	1422	15	shares	share	NOUN
iiclr-17591	1422	16	,	,	PUNCT
iiclr-17591	1422	17	or	or	CCONJ
iiclr-17591	1422	18	both	both	PRON
iiclr-17591	1422	19	.	.	PUNCT
iiclr-17591	1423	1	shareholders	shareholder	NOUN
iiclr-17591	1423	2	'	'	PART
iiclr-17591	1423	3	agreements	agreement	NOUN
iiclr-17591	1423	4	involving	involve	VERB
iiclr-17591	1423	5	the	the	DET
iiclr-17591	1423	6	right	right	NOUN
iiclr-17591	1423	7	to	to	PART
iiclr-17591	1423	8	transfer	transfer	VERB
iiclr-17591	1423	9	shares	share	NOUN
iiclr-17591	1423	10	(	(	PUNCT
iiclr-17591	1423	11	so	so	ADV
iiclr-17591	1423	12	-	-	PUNCT
iiclr-17591	1423	13	called	call	VERB
iiclr-17591	1423	14	"	"	PUNCT
iiclr-17591	1423	15	sindacati	sindacati	PROPN
iiclr-17591	1423	16	di	di	X
iiclr-17591	1423	17	blocco	blocco	PROPN
iiclr-17591	1423	18	,	,	PUNCT
iiclr-17591	1423	19	"	"	PUNCT
iiclr-17591	1423	20	or	or	CCONJ
iiclr-17591	1423	21	block	block	NOUN
iiclr-17591	1423	22	syndicates	syndicate	NOUN
iiclr-17591	1423	23	)	)	PUNCT
iiclr-17591	1423	24	are	be	AUX
iiclr-17591	1423	25	not	not	PART
iiclr-17591	1423	26	considered	consider	VERB
iiclr-17591	1423	27	very	very	ADV
iiclr-17591	1423	28	problematic	problematic	ADJ
iiclr-17591	1423	29	from	from	ADP
iiclr-17591	1423	30	the	the	DET
iiclr-17591	1423	31	standpoint	standpoint	NOUN
iiclr-17591	1423	32	of	of	ADP
iiclr-17591	1423	33	validity	validity	NOUN
iiclr-17591	1423	34	,	,	PUNCT
iiclr-17591	1423	35	65	65	NUM
iiclr-17591	1423	36	and	and	CCONJ
iiclr-17591	1423	37	instead	instead	ADV
iiclr-17591	1423	38	create	create	VERB
iiclr-17591	1423	39	serious	serious	ADJ
iiclr-17591	1423	40	problems	problem	NOUN
iiclr-17591	1423	41	of	of	ADP
iiclr-17591	1423	42	enforcement	enforcement	NOUN
iiclr-17591	1423	43	.	.	PUNCT
iiclr-17591	1423	44	'	'	PUNCT
iiclr-17591	1423	45	"	"	PUNCT
iiclr-17591	1423	46	by	by	ADP
iiclr-17591	1423	47	virtue	virtue	NOUN
iiclr-17591	1423	48	of	of	ADP
iiclr-17591	1423	49	these	these	DET
iiclr-17591	1423	50	agreements	agreement	NOUN
iiclr-17591	1423	51	,	,	PUNCT
iiclr-17591	1423	52	the	the	DET
iiclr-17591	1423	53	parties	party	NOUN
iiclr-17591	1423	54	usually	usually	ADV
iiclr-17591	1423	55	agree	agree	VERB
iiclr-17591	1423	56	not	not	PART
iiclr-17591	1423	57	to	to	PART
iiclr-17591	1423	58	dispose	dispose	VERB
iiclr-17591	1423	59	of	of	ADP
iiclr-17591	1423	60	their	their	PRON
iiclr-17591	1423	61	shares	share	NOUN
iiclr-17591	1423	62	for	for	ADP
iiclr-17591	1423	63	a	a	DET
iiclr-17591	1423	64	certain	certain	ADJ
iiclr-17591	1423	65	period	period	NOUN
iiclr-17591	1423	66	of	of	ADP
iiclr-17591	1423	67	time	time	NOUN
iiclr-17591	1423	68	,	,	PUNCT
iiclr-17591	1423	69	or	or	CCONJ
iiclr-17591	1423	70	grant	grant	VERB
iiclr-17591	1423	71	each	each	DET
iiclr-17591	1423	72	other	other	ADJ
iiclr-17591	1423	73	a	a	DET
iiclr-17591	1423	74	right	right	NOUN
iiclr-17591	1423	75	of	of	ADP
iiclr-17591	1423	76	first	first	ADJ
iiclr-17591	1423	77	refusal	refusal	NOUN
iiclr-17591	1423	78	.	.	PUNCT
iiclr-17591	1424	1	163	163	NUM
iiclr-17591	1424	2	.	.	PUNCT
iiclr-17591	1425	1	see	see	VERB
iiclr-17591	1425	2	supra	supra	PROPN
iiclr-17591	1425	3	note	note	PROPN
iiclr-17591	1425	4	157	157	NUM
iiclr-17591	1425	5	,	,	PUNCT
iiclr-17591	1425	6	for	for	ADP
iiclr-17591	1425	7	the	the	DET
iiclr-17591	1425	8	case	case	NOUN
iiclr-17591	1425	9	of	of	ADP
iiclr-17591	1425	10	credito	credito	PROPN
iiclr-17591	1425	11	italiano	italiano	PROPN
iiclr-17591	1425	12	s.p.a	s.p.a	NOUN
iiclr-17591	1425	13	.	.	PUNCT
iiclr-17591	1426	1	and	and	CCONJ
iiclr-17591	1426	2	banca	banca	PROPN
iiclr-17591	1426	3	commerciale	commerciale	PROPN
iiclr-17591	1426	4	italiana	italiana	PROPN
iiclr-17591	1426	5	s.p.a	s.p.a	PROPN
iiclr-17591	1426	6	.	.	PROPN
iiclr-17591	1426	7	164	164	NUM
iiclr-17591	1426	8	.	.	PUNCT
iiclr-17591	1427	1	denzau	denzau	NOUN
iiclr-17591	1427	2	&	&	CCONJ
iiclr-17591	1427	3	north	north	PROPN
iiclr-17591	1427	4	,	,	PUNCT
iiclr-17591	1427	5	supra	supra	PROPN
iiclr-17591	1427	6	note	note	NOUN
iiclr-17591	1427	7	124	124	NUM
iiclr-17591	1427	8	.	.	PUNCT
iiclr-17591	1428	1	165	165	NUM
iiclr-17591	1428	2	.	.	PUNCT
iiclr-17591	1429	1	but	but	CCONJ
iiclr-17591	1429	2	see	see	VERB
iiclr-17591	1429	3	guido	guido	PROPN
iiclr-17591	1429	4	rossi	rossi	PROPN
iiclr-17591	1429	5	,	,	PUNCT
iiclr-17591	1429	6	le	le	PROPN
iiclr-17591	1429	7	&	&	CCONJ
iiclr-17591	1429	8	verse	verse	PROPN
iiclr-17591	1429	9	prospettive	prospettive	PROPN
iiclr-17591	1429	10	dei	dei	PROPN
iiclr-17591	1429	11	sindacati	sindacati	PROPN
iiclr-17591	1429	12	azionari	azionari	PROPN
iiclr-17591	1429	13	nelle	nelle	PROPN
iiclr-17591	1429	14	societi	societi	PROPN
iiclr-17591	1429	15	quotate	quotate	VERB
iiclr-17591	1429	16	e	e	PROPN
iiclr-17591	1429	17	in	in	ADP
iiclr-17591	1429	18	quelle	quelle	PROPN
iiclr-17591	1429	19	non	non	PROPN
iiclr-17591	1429	20	quotate	quotate	NOUN
iiclr-17591	1429	21	,	,	PUNCT
iiclr-17591	1429	22	1991	1991	NUM
iiclr-17591	1429	23	rivista	rivista	NOUN
iiclr-17591	1429	24	delle	delle	NOUN
iiclr-17591	1429	25	socreta	socreta	PROPN
iiclr-17591	1429	26	1353	1353	NUM
iiclr-17591	1429	27	,	,	PUNCT
iiclr-17591	1429	28	1364	1364	NUM
iiclr-17591	1429	29	-	-	SYM
iiclr-17591	1429	30	65	65	NUM
iiclr-17591	1429	31	,	,	PUNCT
iiclr-17591	1429	32	arguing	argue	VERB
iiclr-17591	1429	33	against	against	ADP
iiclr-17591	1429	34	a	a	DET
iiclr-17591	1429	35	different	different	ADJ
iiclr-17591	1429	36	treatment	treatment	NOUN
iiclr-17591	1429	37	of	of	ADP
iiclr-17591	1429	38	agreements	agreement	NOUN
iiclr-17591	1429	39	involving	involve	VERB
iiclr-17591	1429	40	the	the	DET
iiclr-17591	1429	41	right	right	NOUN
iiclr-17591	1429	42	to	to	PART
iiclr-17591	1429	43	transfer	transfer	VERB
iiclr-17591	1429	44	the	the	DET
iiclr-17591	1429	45	shares	share	NOUN
iiclr-17591	1429	46	as	as	SCONJ
iiclr-17591	1429	47	opposed	oppose	VERB
iiclr-17591	1429	48	to	to	ADP
iiclr-17591	1429	49	agreements	agreement	NOUN
iiclr-17591	1429	50	involving	involve	VERB
iiclr-17591	1429	51	the	the	DET
iiclr-17591	1429	52	right	right	NOUN
iiclr-17591	1429	53	to	to	PART
iiclr-17591	1429	54	vote	vote	VERB
iiclr-17591	1429	55	(	(	PUNCT
iiclr-17591	1429	56	which	which	PRON
iiclr-17591	1429	57	will	will	AUX
iiclr-17591	1429	58	be	be	AUX
iiclr-17591	1429	59	examined	examine	VERB
iiclr-17591	1429	60	subsequently	subsequently	ADV
iiclr-17591	1429	61	in	in	ADP
iiclr-17591	1429	62	the	the	DET
iiclr-17591	1429	63	text	text	NOUN
iiclr-17591	1429	64	)	)	PUNCT
iiclr-17591	1429	65	.	.	PUNCT
iiclr-17591	1430	1	it	it	PRON
iiclr-17591	1430	2	is	be	AUX
iiclr-17591	1430	3	true	true	ADJ
iiclr-17591	1430	4	that	that	SCONJ
iiclr-17591	1430	5	the	the	DET
iiclr-17591	1430	6	two	two	NUM
iiclr-17591	1430	7	sets	set	NOUN
iiclr-17591	1430	8	of	of	ADP
iiclr-17591	1430	9	provisions	provision	NOUN
iiclr-17591	1430	10	are	be	AUX
iiclr-17591	1430	11	often	often	ADV
iiclr-17591	1430	12	intermingled	intermingle	VERB
iiclr-17591	1430	13	,	,	PUNCT
iiclr-17591	1430	14	and	and	CCONJ
iiclr-17591	1430	15	tend	tend	VERB
iiclr-17591	1430	16	to	to	ADP
iiclr-17591	1430	17	the	the	DET
iiclr-17591	1430	18	same	same	ADJ
iiclr-17591	1430	19	result	result	NOUN
iiclr-17591	1430	20	;	;	PUNCT
iiclr-17591	1430	21	nevertheless	nevertheless	ADV
iiclr-17591	1430	22	,	,	PUNCT
iiclr-17591	1430	23	courts	court	NOUN
iiclr-17591	1430	24	focus	focus	VERB
iiclr-17591	1430	25	on	on	ADP
iiclr-17591	1430	26	provisions	provision	NOUN
iiclr-17591	1430	27	of	of	ADP
iiclr-17591	1430	28	the	the	DET
iiclr-17591	1430	29	second	second	ADJ
iiclr-17591	1430	30	kind	kind	NOUN
iiclr-17591	1430	31	,	,	PUNCT
iiclr-17591	1430	32	possibly	possibly	ADV
iiclr-17591	1430	33	to	to	PART
iiclr-17591	1430	34	strike	strike	VERB
iiclr-17591	1430	35	down	down	ADP
iiclr-17591	1430	36	the	the	DET
iiclr-17591	1430	37	entire	entire	ADJ
iiclr-17591	1430	38	agreement	agreement	NOUN
iiclr-17591	1430	39	(	(	PUNCT
iiclr-17591	1430	40	as	as	SCONJ
iiclr-17591	1430	41	happened	happen	VERB
iiclr-17591	1430	42	in	in	ADP
iiclr-17591	1430	43	the	the	DET
iiclr-17591	1430	44	mondadori	mondadori	NOUN
iiclr-17591	1430	45	s.p.a	s.p.a	PROPN
iiclr-17591	1430	46	.	.	PROPN
iiclr-17591	1430	47	case	case	NOUN
iiclr-17591	1430	48	,	,	PUNCT
iiclr-17591	1430	49	for	for	ADP
iiclr-17591	1430	50	which	which	PRON
iiclr-17591	1430	51	see	see	VERB
iiclr-17591	1430	52	infra	infra	NOUN
iiclr-17591	1430	53	note	note	VERB
iiclr-17591	1430	54	167	167	NUM
iiclr-17591	1430	55	)	)	PUNCT
iiclr-17591	1430	56	.	.	PUNCT
iiclr-17591	1431	1	the	the	DET
iiclr-17591	1431	2	same	same	ADJ
iiclr-17591	1431	3	distinction	distinction	NOUN
iiclr-17591	1431	4	is	be	AUX
iiclr-17591	1431	5	made	make	VERB
iiclr-17591	1431	6	in	in	ADP
iiclr-17591	1431	7	france	france	PROPN
iiclr-17591	1431	8	,	,	PUNCT
iiclr-17591	1431	9	where	where	SCONJ
iiclr-17591	1431	10	while	while	SCONJ
iiclr-17591	1431	11	courts	court	NOUN
iiclr-17591	1431	12	seem	seem	VERB
iiclr-17591	1431	13	favorable	favorable	ADJ
iiclr-17591	1431	14	to	to	ADP
iiclr-17591	1431	15	the	the	DET
iiclr-17591	1431	16	validity	validity	NOUN
iiclr-17591	1431	17	of	of	ADP
iiclr-17591	1431	18	"	"	PUNCT
iiclr-17591	1431	19	accords	accord	NOUN
iiclr-17591	1431	20	[	[	X
iiclr-17591	1431	21	quil	quil	PROPN
iiclr-17591	1431	22	visent	visent	PROPN
iiclr-17591	1431	23	la	la	PROPN
iiclr-17591	1431	24	transmission	transmission	NOUN
iiclr-17591	1431	25	des	de	NOUN
iiclr-17591	1431	26	titres	titre	NOUN
iiclr-17591	1431	27	,	,	PUNCT
iiclr-17591	1431	28	"	"	PUNCT
iiclr-17591	1431	29	the	the	DET
iiclr-17591	1431	30	validity	validity	NOUN
iiclr-17591	1431	31	of	of	ADP
iiclr-17591	1431	32	"	"	PUNCT
iiclr-17591	1431	33	[	[	X
iiclr-17591	1431	34	accords	accords	X
iiclr-17591	1431	35	]	]	X
iiclr-17591	1431	36	sur	sur	PROPN
iiclr-17591	1431	37	la	la	PROPN
iiclr-17591	1431	38	repartition	repartition	PROPN
iiclr-17591	1431	39	des	des	PROPN
iiclr-17591	1431	40	postes	postes	PROPN
iiclr-17591	1431	41	d'administrateur	d'administrateur	PROPN
iiclr-17591	1431	42	"	"	PUNCT
iiclr-17591	1431	43	is	be	AUX
iiclr-17591	1431	44	more	more	ADV
iiclr-17591	1431	45	uncertain	uncertain	ADJ
iiclr-17591	1431	46	.	.	PUNCT
iiclr-17591	1432	1	yves	yve	NOUN
iiclr-17591	1432	2	guyon	guyon	NOUN
iiclr-17591	1432	3	,	,	PUNCT
iiclr-17591	1432	4	les	les	X
iiclr-17591	1432	5	investisseurs	investisseurs	PROPN
iiclr-17591	1432	6	institutionelles	institutionelles	PROPN
iiclr-17591	1432	7	en	en	PROPN
iiclr-17591	1432	8	droit	droit	PROPN
iiclr-17591	1432	9	frangais	frangais	PROPN
iiclr-17591	1432	10	,	,	PUNCT
iiclr-17591	1432	11	in	in	ADP
iiclr-17591	1432	12	instrtrional	instrtrional	ADJ
iiclr-17591	1432	13	investors	investor	NOUN
iiclr-17591	1432	14	and	and	CCONJ
iiclr-17591	1432	15	cdrporate	cdrporate	ADJ
iiclr-17591	1432	16	governance	governance	NOUN
iiclr-17591	1432	17	,	,	PUNCT
iiclr-17591	1432	18	supra	supra	PROPN
iiclr-17591	1432	19	note	note	NOUN
iiclr-17591	1432	20	1	1	NUM
iiclr-17591	1432	21	,	,	PUNCT
iiclr-17591	1432	22	at	at	ADP
iiclr-17591	1432	23	385	385	NUM
iiclr-17591	1432	24	,	,	PUNCT
iiclr-17591	1432	25	395	395	NUM
iiclr-17591	1432	26	.	.	NOUN
iiclr-17591	1432	27	166	166	NUM
iiclr-17591	1432	28	.	.	PUNCT
iiclr-17591	1433	1	see	see	VERB
iiclr-17591	1433	2	generally	generally	ADV
iiclr-17591	1433	3	alessandro	alessandro	PROPN
iiclr-17591	1433	4	pedersoli	pedersoli	PROPN
iiclr-17591	1433	5	,	,	PUNCT
iiclr-17591	1433	6	sindacati	sindacati	PROPN
iiclr-17591	1433	7	&	&	CCONJ
iiclr-17591	1433	8	i	i	PROPN
iiclr-17591	1433	9	blocco	blocco	PROPN
iiclr-17591	1433	10	:	:	PUNCT
iiclr-17591	1433	11	validi	validi	NOUN
iiclr-17591	1433	12	&	&	CCONJ
iiclr-17591	1433	13	tipi	tipi	PROPN
iiclr-17591	1433	14	ed	ed	PROPN
iiclr-17591	1433	15	effetti	effetti	PROPN
iiclr-17591	1433	16	,	,	PUNCT
iiclr-17591	1433	17	in	in	ADP
iiclr-17591	1433	18	sindacant	sindacant	ADJ
iiclr-17591	1433	19	di	di	X
iiclr-17591	1433	20	votoe	votoe	NOUN
iiclr-17591	1433	21	sindacatidi	sindacatidi	NOUN
iiclr-17591	1433	22	blocco	blocco	NOUN
iiclr-17591	1433	23	231	231	NUM
iiclr-17591	1433	24	(	(	PUNCT
iiclr-17591	1433	25	pier	pier	NOUN
iiclr-17591	1433	26	giusto	giusto	NOUN
iiclr-17591	1433	27	jaeger	jaeger	PROPN
iiclr-17591	1433	28	&	&	CCONJ
iiclr-17591	1433	29	franco	franco	PROPN
iiclr-17591	1433	30	bonelli	bonelli	PROPN
iiclr-17591	1433	31	eds	eds	PROPN
iiclr-17591	1433	32	.	.	PROPN
iiclr-17591	1433	33	,	,	PUNCT
iiclr-17591	1433	34	1993	1993	NUM
iiclr-17591	1433	35	)	)	PUNCT
iiclr-17591	1433	36	(	(	PUNCT
iiclr-17591	1433	37	examining	examine	VERB
iiclr-17591	1433	38	problems	problem	NOUN
iiclr-17591	1433	39	of	of	ADP
iiclr-17591	1433	40	judicial	judicial	ADJ
iiclr-17591	1433	41	enforcement	enforcement	NOUN
iiclr-17591	1433	42	)	)	PUNCT
iiclr-17591	1433	43	;	;	PUNCT
iiclr-17591	1433	44	franco	franco	PROPN
iiclr-17591	1433	45	bonelli	bonelli	PROPN
iiclr-17591	1433	46	,	,	PUNCT
iiclr-17591	1433	47	clausole	clausole	PROPN
iiclr-17591	1433	48	di	di	NOUN
iiclr-17591	1433	49	prelazione	prelazione	PROPN
iiclr-17591	1433	50	:	:	PUNCT
iiclr-17591	1433	51	modelli	modelli	PROPN
iiclr-17591	1433	52	per	per	ADP
iiclr-17591	1433	53	evitarne	evitarne	ADJ
iiclr-17591	1433	54	i'aggiramento	i'aggiramento	NOUN
iiclr-17591	1433	55	,	,	PUNCT
iiclr-17591	1433	56	in	in	ADP
iiclr-17591	1433	57	sindacati	sindacati	PROPN
iiclr-17591	1433	58	di	di	X
iiclr-17591	1433	59	voro	voro	PROPN
iiclr-17591	1433	60	e	e	PROPN
iiclr-17591	1433	61	sindacati	sindacati	PROPN
iiclr-17591	1433	62	di	di	PROPN
iiclr-17591	1433	63	blocco	blocco	PROPN
iiclr-17591	1433	64	,	,	PUNCT
iiclr-17591	1433	65	supra	supra	NOUN
iiclr-17591	1433	66	,	,	PUNCT
iiclr-17591	1433	67	at	at	ADP
iiclr-17591	1433	68	255	255	NUM
iiclr-17591	1433	69	(	(	PUNCT
iiclr-17591	1433	70	examining	examine	VERB
iiclr-17591	1433	71	problems	problem	NOUN
iiclr-17591	1433	72	of	of	ADP
iiclr-17591	1433	73	drafting	draft	VERB
iiclr-17591	1433	74	effective	effective	ADJ
iiclr-17591	1433	75	block	block	NOUN
iiclr-17591	1433	76	agreements	agreement	NOUN
iiclr-17591	1433	77	)	)	PUNCT
iiclr-17591	1433	78	.	.	PUNCT
iiclr-17591	1434	1	(	(	PUNCT
iiclr-17591	1434	2	vol	vol	NOUN
iiclr-17591	1434	3	.	.	PUNCT
iiclr-17591	1435	1	6:1	6:1	NUM
iiclr-17591	1435	2	corporate	corporate	ADJ
iiclr-17591	1435	3	governance	governance	NOUN
iiclr-17591	1435	4	in	in	ADP
iiclr-17591	1435	5	italy	italy	PROPN
iiclr-17591	1435	6	the	the	DET
iiclr-17591	1435	7	structure	structure	NOUN
iiclr-17591	1435	8	of	of	ADP
iiclr-17591	1435	9	shareholders	shareholder	NOUN
iiclr-17591	1435	10	'	'	PART
iiclr-17591	1435	11	agreements	agreement	NOUN
iiclr-17591	1435	12	involving	involve	VERB
iiclr-17591	1435	13	the	the	DET
iiclr-17591	1435	14	right	right	NOUN
iiclr-17591	1435	15	to	to	PART
iiclr-17591	1435	16	vote	vote	VERB
iiclr-17591	1435	17	(	(	PUNCT
iiclr-17591	1435	18	so	so	ADV
iiclr-17591	1435	19	called	call	VERB
iiclr-17591	1435	20	"	"	PUNCT
iiclr-17591	1435	21	sindacati	sindacati	PROPN
iiclr-17591	1435	22	di	di	NOUN
iiclr-17591	1435	23	voto	voto	NOUN
iiclr-17591	1435	24	,	,	PUNCT
iiclr-17591	1435	25	"	"	PUNCT
iiclr-17591	1435	26	or	or	CCONJ
iiclr-17591	1435	27	vote	vote	NOUN
iiclr-17591	1435	28	syndicates	syndicate	NOUN
iiclr-17591	1435	29	)	)	PUNCT
iiclr-17591	1435	30	is	be	AUX
iiclr-17591	1435	31	usually	usually	ADV
iiclr-17591	1435	32	much	much	ADV
iiclr-17591	1435	33	more	more	ADV
iiclr-17591	1435	34	complex	complex	ADJ
iiclr-17591	1435	35	.	.	PUNCT
iiclr-17591	1436	1	such	such	ADJ
iiclr-17591	1436	2	agreements	agreement	NOUN
iiclr-17591	1436	3	present	present	VERB
iiclr-17591	1436	4	many	many	ADJ
iiclr-17591	1436	5	shades	shade	NOUN
iiclr-17591	1436	6	of	of	ADP
iiclr-17591	1436	7	binding	bind	VERB
iiclr-17591	1436	8	force	force	NOUN
iiclr-17591	1436	9	for	for	ADP
iiclr-17591	1436	10	the	the	DET
iiclr-17591	1436	11	contracting	contract	VERB
iiclr-17591	1436	12	shareholders	shareholder	NOUN
iiclr-17591	1436	13	,	,	PUNCT
iiclr-17591	1436	14	ranging	range	VERB
iiclr-17591	1436	15	from	from	ADP
iiclr-17591	1436	16	mere	mere	ADJ
iiclr-17591	1436	17	commitments	commitment	NOUN
iiclr-17591	1436	18	to	to	PART
iiclr-17591	1436	19	meet	meet	VERB
iiclr-17591	1436	20	before	before	ADP
iiclr-17591	1436	21	any	any	DET
iiclr-17591	1436	22	scheduled	schedule	VERB
iiclr-17591	1436	23	meeting	meeting	NOUN
iiclr-17591	1436	24	of	of	ADP
iiclr-17591	1436	25	the	the	DET
iiclr-17591	1436	26	board	board	NOUN
iiclr-17591	1436	27	or	or	CCONJ
iiclr-17591	1436	28	of	of	ADP
iiclr-17591	1436	29	shareholders	shareholder	NOUN
iiclr-17591	1436	30	,	,	PUNCT
iiclr-17591	1436	31	to	to	ADP
iiclr-17591	1436	32	commitments	commitment	NOUN
iiclr-17591	1436	33	to	to	PART
iiclr-17591	1436	34	vote	vote	VERB
iiclr-17591	1436	35	as	as	SCONJ
iiclr-17591	1436	36	all	all	DET
iiclr-17591	1436	37	the	the	DET
iiclr-17591	1436	38	parties	party	NOUN
iiclr-17591	1436	39	or	or	CCONJ
iiclr-17591	1436	40	a	a	DET
iiclr-17591	1436	41	majority	majority	NOUN
iiclr-17591	1436	42	of	of	ADP
iiclr-17591	1436	43	them	they	PRON
iiclr-17591	1436	44	agree	agree	VERB
iiclr-17591	1436	45	,	,	PUNCT
iiclr-17591	1436	46	to	to	ADP
iiclr-17591	1436	47	transfers	transfer	NOUN
iiclr-17591	1436	48	of	of	ADP
iiclr-17591	1436	49	the	the	DET
iiclr-17591	1436	50	syndicated	syndicate	VERB
iiclr-17591	1436	51	shares	share	NOUN
iiclr-17591	1436	52	to	to	ADP
iiclr-17591	1436	53	a	a	DET
iiclr-17591	1436	54	fiduciary	fiduciary	NOUN
iiclr-17591	1436	55	that	that	PRON
iiclr-17591	1436	56	will	will	AUX
iiclr-17591	1436	57	vote	vote	VERB
iiclr-17591	1436	58	as	as	SCONJ
iiclr-17591	1436	59	the	the	DET
iiclr-17591	1436	60	majority	majority	NOUN
iiclr-17591	1436	61	indicates	indicate	VERB
iiclr-17591	1436	62	,	,	PUNCT
iiclr-17591	1436	63	and	and	CCONJ
iiclr-17591	1436	64	to	to	ADP
iiclr-17591	1436	65	flat	flat	ADJ
iiclr-17591	1436	66	arrangements	arrangement	NOUN
iiclr-17591	1436	67	on	on	ADP
iiclr-17591	1436	68	how	how	SCONJ
iiclr-17591	1436	69	the	the	DET
iiclr-17591	1436	70	board	board	NOUN
iiclr-17591	1436	71	must	must	AUX
iiclr-17591	1436	72	be	be	AUX
iiclr-17591	1436	73	composed	compose	VERB
iiclr-17591	1436	74	.	.	PUNCT
iiclr-17591	1437	1	courts	court	NOUN
iiclr-17591	1437	2	consider	consider	VERB
iiclr-17591	1437	3	shareholders	shareholder	NOUN
iiclr-17591	1437	4	'	'	PART
iiclr-17591	1437	5	agreements	agreement	NOUN
iiclr-17591	1437	6	which	which	PRON
iiclr-17591	1437	7	restrict	restrict	VERB
iiclr-17591	1437	8	the	the	DET
iiclr-17591	1437	9	right	right	NOUN
iiclr-17591	1437	10	to	to	PART
iiclr-17591	1437	11	vote	vote	VERB
iiclr-17591	1437	12	to	to	PART
iiclr-17591	1437	13	be	be	AUX
iiclr-17591	1437	14	void	void	ADJ
iiclr-17591	1437	15	.	.	PUNCT
iiclr-17591	1438	1	this	this	PRON
iiclr-17591	1438	2	means	mean	VERB
iiclr-17591	1438	3	that	that	SCONJ
iiclr-17591	1438	4	most	most	ADJ
iiclr-17591	1438	5	of	of	ADP
iiclr-17591	1438	6	the	the	DET
iiclr-17591	1438	7	arrangements	arrangement	NOUN
iiclr-17591	1438	8	above	above	ADP
iiclr-17591	1438	9	described	describe	VERB
iiclr-17591	1438	10	-	-	PUNCT
iiclr-17591	1438	11	indeed	indeed	ADV
iiclr-17591	1438	12	,	,	PUNCT
iiclr-17591	1438	13	the	the	DET
iiclr-17591	1438	14	most	most	ADV
iiclr-17591	1438	15	effective	effective	ADJ
iiclr-17591	1438	16	arrangements	arrangement	NOUN
iiclr-17591	1438	17	from	from	ADP
iiclr-17591	1438	18	a	a	DET
iiclr-17591	1438	19	corporate	corporate	ADJ
iiclr-17591	1438	20	governance	governance	NOUN
iiclr-17591	1438	21	standpoint	standpoint	NOUN
iiclr-17591	1438	22	-	-	PUNCT
iiclr-17591	1438	23	are	be	AUX
iiclr-17591	1438	24	unenforceable	unenforceable	ADJ
iiclr-17591	1438	25	.	.	PUNCT
iiclr-17591	1439	1	the	the	DET
iiclr-17591	1439	2	argument	argument	NOUN
iiclr-17591	1439	3	in	in	ADP
iiclr-17591	1439	4	support	support	NOUN
iiclr-17591	1439	5	of	of	ADP
iiclr-17591	1439	6	this	this	DET
iiclr-17591	1439	7	conclusion	conclusion	NOUN
iiclr-17591	1439	8	rests	rest	VERB
iiclr-17591	1439	9	on	on	ADP
iiclr-17591	1439	10	the	the	DET
iiclr-17591	1439	11	illegality	illegality	NOUN
iiclr-17591	1439	12	of	of	ADP
iiclr-17591	1439	13	every	every	DET
iiclr-17591	1439	14	attempt	attempt	NOUN
iiclr-17591	1439	15	to	to	PART
iiclr-17591	1439	16	tamper	tamper	VERB
iiclr-17591	1439	17	with	with	ADP
iiclr-17591	1439	18	the	the	DET
iiclr-17591	1439	19	free	free	ADJ
iiclr-17591	1439	20	interplay	interplay	NOUN
iiclr-17591	1439	21	of	of	ADP
iiclr-17591	1439	22	the	the	DET
iiclr-17591	1439	23	company	company	NOUN
iiclr-17591	1439	24	's	's	PART
iiclr-17591	1439	25	organs	organ	NOUN
iiclr-17591	1439	26	,	,	PUNCT
iiclr-17591	1439	27	as	as	SCONJ
iiclr-17591	1439	28	structured	structure	VERB
iiclr-17591	1439	29	by	by	ADP
iiclr-17591	1439	30	legislators	legislator	NOUN
iiclr-17591	1439	31	.	.	PUNCT
iiclr-17591	1440	1	in	in	ADP
iiclr-17591	1440	2	other	other	ADJ
iiclr-17591	1440	3	words	word	NOUN
iiclr-17591	1440	4	,	,	PUNCT
iiclr-17591	1440	5	according	accord	VERB
iiclr-17591	1440	6	to	to	ADP
iiclr-17591	1440	7	the	the	DET
iiclr-17591	1440	8	courts	court	NOUN
iiclr-17591	1440	9	,	,	PUNCT
iiclr-17591	1440	10	the	the	DET
iiclr-17591	1440	11	default	default	NOUN
iiclr-17591	1440	12	system	system	NOUN
iiclr-17591	1440	13	of	of	ADP
iiclr-17591	1440	14	corporate	corporate	ADJ
iiclr-17591	1440	15	governance	governance	NOUN
iiclr-17591	1440	16	can	can	AUX
iiclr-17591	1440	17	be	be	AUX
iiclr-17591	1440	18	modified	modify	VERB
iiclr-17591	1440	19	-	-	PUNCT
iiclr-17591	1440	20	within	within	ADP
iiclr-17591	1440	21	precise	precise	ADJ
iiclr-17591	1440	22	limits	limit	NOUN
iiclr-17591	1440	23	-	-	PUNCT
iiclr-17591	1440	24	by	by	ADP
iiclr-17591	1440	25	the	the	DET
iiclr-17591	1440	26	charter	charter	NOUN
iiclr-17591	1440	27	,	,	PUNCT
iiclr-17591	1440	28	but	but	CCONJ
iiclr-17591	1440	29	it	it	PRON
iiclr-17591	1440	30	can	can	AUX
iiclr-17591	1440	31	not	not	PART
iiclr-17591	1440	32	be	be	AUX
iiclr-17591	1440	33	deprived	deprive	VERB
iiclr-17591	1440	34	of	of	ADP
iiclr-17591	1440	35	significance	significance	NOUN
iiclr-17591	1440	36	by	by	ADP
iiclr-17591	1440	37	devices	device	NOUN
iiclr-17591	1440	38	external	external	ADJ
iiclr-17591	1440	39	to	to	ADP
iiclr-17591	1440	40	the	the	DET
iiclr-17591	1440	41	corporate	corporate	ADJ
iiclr-17591	1440	42	structure	structure	NOUN
iiclr-17591	1440	43	.	.	PUNCT
iiclr-17591	1440	44	'	'	PUNCT
iiclr-17591	1441	1	67	67	NUM
iiclr-17591	1441	2	even	even	ADV
iiclr-17591	1441	3	if	if	SCONJ
iiclr-17591	1441	4	the	the	DET
iiclr-17591	1441	5	most	most	ADV
iiclr-17591	1441	6	recent	recent	ADJ
iiclr-17591	1441	7	court	court	NOUN
iiclr-17591	1441	8	decisions	decision	NOUN
iiclr-17591	1441	9	have	have	AUX
iiclr-17591	1441	10	smoothed	smooth	VERB
iiclr-17591	1441	11	its	its	PRON
iiclr-17591	1441	12	corners	corner	NOUN
iiclr-17591	1441	13	a	a	DET
iiclr-17591	1441	14	little	little	ADJ
iiclr-17591	1441	15	,	,	PUNCT
iiclr-17591	1441	16	this	this	DET
iiclr-17591	1441	17	doctrine	doctrine	NOUN
iiclr-17591	1441	18	appears	appear	VERB
iiclr-17591	1441	19	to	to	PART
iiclr-17591	1441	20	be	be	AUX
iiclr-17591	1441	21	more	more	ADV
iiclr-17591	1441	22	emotionally	emotionally	ADV
iiclr-17591	1441	23	based	base	VERB
iiclr-17591	1441	24	than	than	ADP
iiclr-17591	1441	25	sound	sound	ADJ
iiclr-17591	1441	26	.	.	PUNCT
iiclr-17591	1441	27	,16	,16	PUNCT
iiclr-17591	1441	28	other	other	ADJ
iiclr-17591	1441	29	theories	theory	NOUN
iiclr-17591	1441	30	against	against	ADP
iiclr-17591	1441	31	the	the	DET
iiclr-17591	1441	32	validity	validity	NOUN
iiclr-17591	1441	33	of	of	ADP
iiclr-17591	1441	34	shareholders	shareholder	NOUN
iiclr-17591	1441	35	'	'	PART
iiclr-17591	1441	36	agreements	agreement	NOUN
iiclr-17591	1441	37	rest	rest	VERB
iiclr-17591	1441	38	on	on	ADP
iiclr-17591	1441	39	different	different	ADJ
iiclr-17591	1441	40	principles	principle	NOUN
iiclr-17591	1441	41	,	,	PUNCT
iiclr-17591	1441	42	which	which	PRON
iiclr-17591	1441	43	can	can	AUX
iiclr-17591	1441	44	be	be	AUX
iiclr-17591	1441	45	disposed	dispose	VERB
iiclr-17591	1441	46	of	of	ADP
iiclr-17591	1441	47	much	much	ADV
iiclr-17591	1441	48	less	less	ADV
iiclr-17591	1441	49	easily	easily	ADV
iiclr-17591	1441	50	.	.	PUNCT
iiclr-17591	1442	1	the	the	DET
iiclr-17591	1442	2	most	most	ADV
iiclr-17591	1442	3	convincing	convincing	ADJ
iiclr-17591	1442	4	of	of	ADP
iiclr-17591	1442	5	them	they	PRON
iiclr-17591	1442	6	claims	claim	VERB
iiclr-17591	1442	7	that	that	SCONJ
iiclr-17591	1442	8	shareholders	shareholder	NOUN
iiclr-17591	1442	9	'	'	PART
iiclr-17591	1442	10	agreements	agreement	NOUN
iiclr-17591	1442	11	in	in	ADP
iiclr-17591	1442	12	listed	list	VERB
iiclr-17591	1442	13	companies	company	NOUN
iiclr-17591	1442	14	infringe	infringe	VERB
iiclr-17591	1442	15	the	the	DET
iiclr-17591	1442	16	"	"	PUNCT
iiclr-17591	1442	17	equality	equality	NOUN
iiclr-17591	1442	18	of	of	ADP
iiclr-17591	1442	19	treatment	treatment	NOUN
iiclr-17591	1442	20	"	"	PUNCT
iiclr-17591	1442	21	principle	principle	NOUN
iiclr-17591	1442	22	,	,	PUNCT
iiclr-17591	1442	23	which	which	PRON
iiclr-17591	1442	24	is	be	AUX
iiclr-17591	1442	25	mandated	mandate	VERB
iiclr-17591	1442	26	by	by	ADP
iiclr-17591	1442	27	market	market	NOUN
iiclr-17591	1442	28	rules	rule	NOUN
iiclr-17591	1442	29	and	and	CCONJ
iiclr-17591	1442	30	by	by	ADP
iiclr-17591	1442	31	the	the	DET
iiclr-17591	1442	32	legal	legal	ADJ
iiclr-17591	1442	33	system	system	NOUN
iiclr-17591	1442	34	as	as	ADP
iiclr-17591	1442	35	a	a	DET
iiclr-17591	1442	36	whole	whole	NOUN
iiclr-17591	1442	37	.	.	PUNCT
iiclr-17591	1443	1	169	169	NUM
iiclr-17591	1443	2	on	on	ADP
iiclr-17591	1443	3	the	the	DET
iiclr-17591	1443	4	opposite	opposite	ADJ
iiclr-17591	1443	5	side	side	NOUN
iiclr-17591	1443	6	,	,	PUNCT
iiclr-17591	1443	7	other	other	ADJ
iiclr-17591	1443	8	theories	theory	NOUN
iiclr-17591	1443	9	favor	favor	VERB
iiclr-17591	1443	10	shareholders	shareholder	NOUN
iiclr-17591	1443	11	'	'	PART
iiclr-17591	1443	12	agreements	agreement	NOUN
iiclr-17591	1443	13	because	because	SCONJ
iiclr-17591	1443	14	of	of	ADP
iiclr-17591	1443	15	their	their	PRON
iiclr-17591	1443	16	legality	legality	NOUN
iiclr-17591	1443	17	and	and	CCONJ
iiclr-17591	1443	18	the	the	DET
iiclr-17591	1443	19	opportunity	opportunity	NOUN
iiclr-17591	1443	20	,	,	PUNCT
iiclr-17591	1443	21	as	as	SCONJ
iiclr-17591	1443	22	devices	device	NOUN
iiclr-17591	1443	23	to	to	PART
iiclr-17591	1443	24	achieve	achieve	VERB
iiclr-17591	1443	25	167	167	NUM
iiclr-17591	1443	26	.	.	PUNCT
iiclr-17591	1444	1	for	for	ADP
iiclr-17591	1444	2	a	a	DET
iiclr-17591	1444	3	careful	careful	ADJ
iiclr-17591	1444	4	step	step	NOUN
iiclr-17591	1444	5	-	-	PUNCT
iiclr-17591	1444	6	by	by	ADP
iiclr-17591	1444	7	-	-	PUNCT
iiclr-17591	1444	8	step	step	NOUN
iiclr-17591	1444	9	account	account	NOUN
iiclr-17591	1444	10	of	of	ADP
iiclr-17591	1444	11	the	the	DET
iiclr-17591	1444	12	(	(	PUNCT
iiclr-17591	1444	13	few	few	ADJ
iiclr-17591	1444	14	)	)	PUNCT
iiclr-17591	1444	15	cases	case	NOUN
iiclr-17591	1444	16	,	,	PUNCT
iiclr-17591	1444	17	see	see	VERB
iiclr-17591	1444	18	mauro	mauro	PROPN
iiclr-17591	1444	19	bernardini	bernardini	PROPN
iiclr-17591	1444	20	,	,	PUNCT
iiclr-17591	1444	21	rivisitando	rivisitando	PROPN
iiclr-17591	1444	22	la	la	PROPN
iiclr-17591	1444	23	giurisprudenza	giurisprudenza	PROPN
iiclr-17591	1444	24	sui	sui	PROPN
iiclr-17591	1444	25	sindacati	sindacati	PROPN
iiclr-17591	1444	26	di	di	PROPN
iiclr-17591	1444	27	voto	voto	PROPN
iiclr-17591	1444	28	,	,	PUNCT
iiclr-17591	1444	29	1988	1988	NUM
iiclr-17591	1444	30	contratro	contratro	X
iiclr-17591	1444	31	e	e	PROPN
iiclr-17591	1444	32	impresa	impresa	PROPN
iiclr-17591	1444	33	716	716	NUM
iiclr-17591	1444	34	;	;	PUNCT
iiclr-17591	1444	35	the	the	DET
iiclr-17591	1444	36	following	follow	VERB
iiclr-17591	1444	37	affair	affair	PROPN
iiclr-17591	1444	38	,	,	PUNCT
iiclr-17591	1444	39	involving	involve	VERB
iiclr-17591	1444	40	two	two	NUM
iiclr-17591	1444	41	large	large	ADJ
iiclr-17591	1444	42	groups	group	NOUN
iiclr-17591	1444	43	(	(	PUNCT
iiclr-17591	1444	44	f'minvest	f'minvest	PROPN
iiclr-17591	1444	45	,	,	PUNCT
iiclr-17591	1444	46	controlled	control	VERB
iiclr-17591	1444	47	by	by	ADP
iiclr-17591	1444	48	silvio	silvio	NOUN
iiclr-17591	1444	49	berlusconi	berlusconi	PROPN
iiclr-17591	1444	50	,	,	PUNCT
iiclr-17591	1444	51	then	then	ADV
iiclr-17591	1444	52	still	still	ADV
iiclr-17591	1444	53	far	far	ADV
iiclr-17591	1444	54	from	from	ADP
iiclr-17591	1444	55	the	the	DET
iiclr-17591	1444	56	political	political	ADJ
iiclr-17591	1444	57	arena	arena	NOUN
iiclr-17591	1444	58	,	,	PUNCT
iiclr-17591	1444	59	and	and	CCONJ
iiclr-17591	1444	60	cir	cir	NOUN
iiclr-17591	1444	61	,	,	PUNCT
iiclr-17591	1444	62	controlled	control	VERB
iiclr-17591	1444	63	by	by	ADP
iiclr-17591	1444	64	carlo	carlo	PROPN
iiclr-17591	1444	65	de	de	PROPN
iiclr-17591	1444	66	benedetti	benedetti	PROPN
iiclr-17591	1444	67	)	)	PUNCT
iiclr-17591	1444	68	fighting	fight	VERB
iiclr-17591	1444	69	over	over	ADP
iiclr-17591	1444	70	the	the	DET
iiclr-17591	1444	71	control	control	NOUN
iiclr-17591	1444	72	of	of	ADP
iiclr-17591	1444	73	the	the	DET
iiclr-17591	1444	74	amoldo	amoldo	PROPN
iiclr-17591	1444	75	mondadori	mondadori	PROPN
iiclr-17591	1444	76	editore	editore	PROPN
iiclr-17591	1444	77	s.p.a	s.p.a	PROPN
iiclr-17591	1444	78	.	.	PROPN
iiclr-17591	1444	79	,	,	PUNCT
iiclr-17591	1444	80	started	start	VERB
iiclr-17591	1444	81	with	with	ADP
iiclr-17591	1444	82	cross	cross	NOUN
iiclr-17591	1444	83	-	-	NOUN
iiclr-17591	1444	84	requests	request	NOUN
iiclr-17591	1444	85	for	for	ADP
iiclr-17591	1444	86	injunctions	injunction	NOUN
iiclr-17591	1444	87	in	in	ADP
iiclr-17591	1444	88	december	december	PROPN
iiclr-17591	1444	89	1989	1989	NUM
iiclr-17591	1444	90	and	and	CCONJ
iiclr-17591	1444	91	ended	end	VERB
iiclr-17591	1444	92	in	in	ADP
iiclr-17591	1444	93	an	an	DET
iiclr-17591	1444	94	arbitration	arbitration	NOUN
iiclr-17591	1444	95	ruling	ruling	NOUN
iiclr-17591	1444	96	affirming	affirm	VERB
iiclr-17591	1444	97	the	the	DET
iiclr-17591	1444	98	validity	validity	NOUN
iiclr-17591	1444	99	of	of	ADP
iiclr-17591	1444	100	a	a	DET
iiclr-17591	1444	101	complex	complex	ADJ
iiclr-17591	1444	102	shareholders	shareholder	NOUN
iiclr-17591	1444	103	'	'	PART
iiclr-17591	1444	104	agreement	agreement	NOUN
iiclr-17591	1444	105	,	,	PUNCT
iiclr-17591	1444	106	which	which	PRON
iiclr-17591	1444	107	was	be	AUX
iiclr-17591	1444	108	subsequently	subsequently	ADV
iiclr-17591	1444	109	voided	void	VERB
iiclr-17591	1444	110	by	by	ADP
iiclr-17591	1444	111	judgment	judgment	NOUN
iiclr-17591	1444	112	of	of	ADP
iiclr-17591	1444	113	jan	jan	PROPN
iiclr-17591	1444	114	.	.	PROPN
iiclr-17591	1444	115	14	14	NUM
iiclr-17591	1444	116	,	,	PUNCT
iiclr-17591	1444	117	1991	1991	NUM
iiclr-17591	1444	118	,	,	PUNCT
iiclr-17591	1444	119	appellate	appellate	ADJ
iiclr-17591	1444	120	court	court	NOUN
iiclr-17591	1444	121	of	of	ADP
iiclr-17591	1444	122	rome	rome	PROPN
iiclr-17591	1444	123	,	,	PUNCT
iiclr-17591	1444	124	1991	1991	NUM
iiclr-17591	1444	125	giurisprudenza	giurisprudenza	NOUN
iiclr-17591	1444	126	commerciale	commerciale	PROPN
iiclr-17591	1444	127	11	11	NUM
iiclr-17591	1444	128	,	,	PUNCT
iiclr-17591	1444	129	448	448	NUM
iiclr-17591	1444	130	.	.	PUNCT
iiclr-17591	1445	1	(	(	PUNCT
iiclr-17591	1445	2	the	the	DET
iiclr-17591	1445	3	dispute	dispute	NOUN
iiclr-17591	1445	4	was	be	AUX
iiclr-17591	1445	5	eventually	eventually	ADV
iiclr-17591	1445	6	settled	settle	VERB
iiclr-17591	1445	7	.	.	PUNCT
iiclr-17591	1445	8	)	)	PUNCT
iiclr-17591	1446	1	168	168	NUM
iiclr-17591	1446	2	.	.	PUNCT
iiclr-17591	1447	1	for	for	ADP
iiclr-17591	1447	2	an	an	DET
iiclr-17591	1447	3	excellent	excellent	ADJ
iiclr-17591	1447	4	review	review	NOUN
iiclr-17591	1447	5	and	and	CCONJ
iiclr-17591	1447	6	critique	critique	NOUN
iiclr-17591	1447	7	of	of	ADP
iiclr-17591	1447	8	the	the	DET
iiclr-17591	1447	9	dominant	dominant	ADJ
iiclr-17591	1447	10	courts	court	NOUN
iiclr-17591	1447	11	'	'	PART
iiclr-17591	1447	12	position	position	NOUN
iiclr-17591	1447	13	,	,	PUNCT
iiclr-17591	1447	14	see	see	VERB
iiclr-17591	1447	15	ferrara	ferrara	NOUN
iiclr-17591	1447	16	&	&	CCONJ
iiclr-17591	1447	17	corsi	corsi	PROPN
iiclr-17591	1447	18	,	,	PUNCT
iiclr-17591	1447	19	supra	supra	PROPN
iiclr-17591	1447	20	note	note	NOUN
iiclr-17591	1447	21	2	2	NUM
iiclr-17591	1447	22	,	,	PUNCT
iiclr-17591	1447	23	at	at	ADP
iiclr-17591	1447	24	447	447	NUM
iiclr-17591	1447	25	-	-	SYM
iiclr-17591	1447	26	53	53	NUM
iiclr-17591	1447	27	.	.	NOUN
iiclr-17591	1447	28	169	169	NUM
iiclr-17591	1447	29	.	.	PUNCT
iiclr-17591	1448	1	rossi	rossi	PROPN
iiclr-17591	1448	2	,	,	PUNCT
iiclr-17591	1448	3	supra	supra	PROPN
iiclr-17591	1448	4	note	note	NOUN
iiclr-17591	1448	5	165	165	NUM
iiclr-17591	1448	6	,	,	PUNCT
iiclr-17591	1448	7	at	at	ADP
iiclr-17591	1448	8	1367	1367	NUM
iiclr-17591	1448	9	-	-	SYM
iiclr-17591	1448	10	74	74	NUM
iiclr-17591	1448	11	.	.	PUNCT
iiclr-17591	1449	1	the	the	DET
iiclr-17591	1449	2	"	"	PUNCT
iiclr-17591	1449	3	equality	equality	NOUN
iiclr-17591	1449	4	of	of	ADP
iiclr-17591	1449	5	treatment	treatment	NOUN
iiclr-17591	1449	6	"	"	PUNCT
iiclr-17591	1449	7	principle	principle	NOUN
iiclr-17591	1449	8	is	be	AUX
iiclr-17591	1449	9	now	now	ADV
iiclr-17591	1449	10	mandated	mandate	VERB
iiclr-17591	1449	11	,	,	PUNCT
iiclr-17591	1449	12	for	for	ADP
iiclr-17591	1449	13	listed	list	VERB
iiclr-17591	1449	14	companies	company	NOUN
iiclr-17591	1449	15	,	,	PUNCT
iiclr-17591	1449	16	by	by	ADP
iiclr-17591	1449	17	art	art	NOUN
iiclr-17591	1449	18	.	.	PUNCT
iiclr-17591	1450	1	4	4	NUM
iiclr-17591	1450	2	-	-	PUNCT
iiclr-17591	1450	3	ter	ter	NOUN
iiclr-17591	1450	4	,	,	PUNCT
iiclr-17591	1450	5	law	law	NOUN
iiclr-17591	1450	6	of	of	ADP
iiclr-17591	1450	7	june	june	PROPN
iiclr-17591	1450	8	7	7	NUM
iiclr-17591	1450	9	,	,	PUNCT
iiclr-17591	1450	10	1974	1974	NUM
iiclr-17591	1450	11	,	,	PUNCT
iiclr-17591	1450	12	no	no	INTJ
iiclr-17591	1450	13	.	.	NOUN
iiclr-17591	1450	14	216	216	NUM
iiclr-17591	1450	15	,	,	PUNCT
iiclr-17591	1450	16	introduced	introduce	VERB
iiclr-17591	1450	17	by	by	ADP
iiclr-17591	1450	18	legislative	legislative	ADJ
iiclr-17591	1450	19	decree	decree	NOUN
iiclr-17591	1450	20	of	of	ADP
iiclr-17591	1450	21	jan	jan	PROPN
iiclr-17591	1450	22	.	.	PROPN
iiclr-17591	1450	23	27	27	NUM
iiclr-17591	1450	24	,	,	PUNCT
iiclr-17591	1450	25	1992	1992	NUM
iiclr-17591	1450	26	,	,	PUNCT
iiclr-17591	1450	27	no	no	INTJ
iiclr-17591	1450	28	.	.	NOUN
iiclr-17591	1450	29	89	89	NUM
iiclr-17591	1450	30	.	.	PUNCT
iiclr-17591	1451	1	this	this	DET
iiclr-17591	1451	2	provision	provision	NOUN
iiclr-17591	1451	3	,	,	PUNCT
iiclr-17591	1451	4	however	however	ADV
iiclr-17591	1451	5	,	,	PUNCT
iiclr-17591	1451	6	does	do	AUX
iiclr-17591	1451	7	not	not	PART
iiclr-17591	1451	8	automatically	automatically	ADV
iiclr-17591	1451	9	invalidate	invalidate	VERB
iiclr-17591	1451	10	shareholders	shareholder	NOUN
iiclr-17591	1451	11	'	'	PART
iiclr-17591	1451	12	agreements	agreement	NOUN
iiclr-17591	1451	13	,	,	PUNCT
iiclr-17591	1451	14	as	as	SCONJ
iiclr-17591	1451	15	it	it	PRON
iiclr-17591	1451	16	refers	refer	VERB
iiclr-17591	1451	17	only	only	ADV
iiclr-17591	1451	18	to	to	ADP
iiclr-17591	1451	19	how	how	SCONJ
iiclr-17591	1451	20	the	the	DET
iiclr-17591	1451	21	company	company	NOUN
iiclr-17591	1451	22	must	must	AUX
iiclr-17591	1451	23	treat	treat	VERB
iiclr-17591	1451	24	its	its	PRON
iiclr-17591	1451	25	shareholders	shareholder	NOUN
iiclr-17591	1451	26	.	.	PUNCT
iiclr-17591	1452	1	(	(	PUNCT
iiclr-17591	1452	2	this	this	DET
iiclr-17591	1452	3	provision	provision	NOUN
iiclr-17591	1452	4	may	may	AUX
iiclr-17591	1452	5	prevent	prevent	VERB
iiclr-17591	1452	6	some	some	PRON
iiclr-17591	1452	7	of	of	ADP
iiclr-17591	1452	8	the	the	DET
iiclr-17591	1452	9	most	most	ADV
iiclr-17591	1452	10	aggressive	aggressive	ADJ
iiclr-17591	1452	11	takeover	takeover	NOUN
iiclr-17591	1452	12	defense	defense	NOUN
iiclr-17591	1452	13	measures	measure	NOUN
iiclr-17591	1452	14	,	,	PUNCT
iiclr-17591	1452	15	which	which	PRON
iiclr-17591	1452	16	are	be	AUX
iiclr-17591	1452	17	known	know	VERB
iiclr-17591	1452	18	in	in	ADP
iiclr-17591	1452	19	america	america	PROPN
iiclr-17591	1452	20	,	,	PUNCT
iiclr-17591	1452	21	such	such	ADJ
iiclr-17591	1452	22	as	as	ADP
iiclr-17591	1452	23	poison	poison	NOUN
iiclr-17591	1452	24	pills	pill	NOUN
iiclr-17591	1452	25	;	;	PUNCT
iiclr-17591	1452	26	the	the	DET
iiclr-17591	1452	27	great	great	ADJ
iiclr-17591	1452	28	majority	majority	NOUN
iiclr-17591	1452	29	of	of	ADP
iiclr-17591	1452	30	them	they	PRON
iiclr-17591	1452	31	,	,	PUNCT
iiclr-17591	1452	32	however	however	ADV
iiclr-17591	1452	33	,	,	PUNCT
iiclr-17591	1452	34	would	would	AUX
iiclr-17591	1452	35	nevertheless	nevertheless	ADV
iiclr-17591	1452	36	incur	incur	VERB
iiclr-17591	1452	37	in	in	ADP
iiclr-17591	1452	38	the	the	DET
iiclr-17591	1452	39	general	general	ADJ
iiclr-17591	1452	40	prohibition	prohibition	NOUN
iiclr-17591	1452	41	set	set	VERB
iiclr-17591	1452	42	forth	forth	ADP
iiclr-17591	1452	43	by	by	ADP
iiclr-17591	1452	44	art	art	NOUN
iiclr-17591	1452	45	.	.	PUNCT
iiclr-17591	1453	1	16	16	NUM
iiclr-17591	1453	2	,	,	PUNCT
iiclr-17591	1453	3	law	law	NOUN
iiclr-17591	1453	4	of	of	ADP
iiclr-17591	1453	5	feb	feb	PROPN
iiclr-17591	1453	6	.	.	PROPN
iiclr-17591	1453	7	18	18	NUM
iiclr-17591	1453	8	,	,	PUNCT
iiclr-17591	1453	9	1992	1992	NUM
iiclr-17591	1453	10	,	,	PUNCT
iiclr-17591	1453	11	no	no	INTJ
iiclr-17591	1453	12	.	.	NOUN
iiclr-17591	1453	13	149	149	NUM
iiclr-17591	1453	14	,	,	PUNCT
iiclr-17591	1453	15	on	on	ADP
iiclr-17591	1453	16	tender	tender	ADJ
iiclr-17591	1453	17	offers	offer	NOUN
iiclr-17591	1453	18	,	,	PUNCT
iiclr-17591	1453	19	discussed	discuss	VERB
iiclr-17591	1453	20	briefly	briefly	NOUN
iiclr-17591	1453	21	infra	infra	NOUN
iiclr-17591	1453	22	note	note	VERB
iiclr-17591	1453	23	237	237	NUM
iiclr-17591	1453	24	.	.	PUNCT
iiclr-17591	1453	25	)	)	PUNCT
iiclr-17591	1454	1	1995	1995	NUM
iiclr-17591	1454	2	]	]	PUNCT
iiclr-17591	1454	3	ind	ind	NOUN
iiclr-17591	1454	4	.	.	PUNCT
iiclr-17591	1455	1	int'l	int'l	PROPN
iiclr-17591	1455	2	&	&	CCONJ
iiclr-17591	1455	3	comp	comp	PROPN
iiclr-17591	1455	4	.	.	PUNCT
iiclr-17591	1456	1	l	l	PROPN
iiclr-17591	1456	2	rev	rev	PROPN
iiclr-17591	1456	3	.	.	PROPN
iiclr-17591	1456	4	stability	stability	NOUN
iiclr-17591	1456	5	of	of	ADP
iiclr-17591	1456	6	management	management	NOUN
iiclr-17591	1456	7	,	,	PUNCT
iiclr-17591	1456	8	to	to	PART
iiclr-17591	1456	9	pursue	pursue	VERB
iiclr-17591	1456	10	long	long	ADJ
iiclr-17591	1456	11	-	-	PUNCT
iiclr-17591	1456	12	term	term	NOUN
iiclr-17591	1456	13	policies	policy	NOUN
iiclr-17591	1456	14	,	,	PUNCT
iiclr-17591	1456	15	and	and	CCONJ
iiclr-17591	1456	16	to	to	PART
iiclr-17591	1456	17	make	make	VERB
iiclr-17591	1456	18	"	"	PUNCT
iiclr-17591	1456	19	business	business	NOUN
iiclr-17591	1456	20	"	"	PUNCT
iiclr-17591	1456	21	prevail	prevail	VERB
iiclr-17591	1456	22	over	over	ADP
iiclr-17591	1456	23	"	"	PUNCT
iiclr-17591	1456	24	finance	finance	NOUN
iiclr-17591	1456	25	.	.	PUNCT
iiclr-17591	1457	1	"'"7	"'"7	PROPN
iiclr-17591	1457	2	it	it	PRON
iiclr-17591	1457	3	is	be	AUX
iiclr-17591	1457	4	evident	evident	ADJ
iiclr-17591	1457	5	that	that	SCONJ
iiclr-17591	1457	6	the	the	DET
iiclr-17591	1457	7	matter	matter	NOUN
iiclr-17591	1457	8	is	be	AUX
iiclr-17591	1457	9	far	far	ADV
iiclr-17591	1457	10	from	from	ADP
iiclr-17591	1457	11	settled	settle	VERB
iiclr-17591	1457	12	.	.	PUNCT
iiclr-17591	1457	13	'	'	PUNCT
iiclr-17591	1458	1	7	7	NUM
iiclr-17591	1458	2	both	both	DET
iiclr-17591	1458	3	sides	side	NOUN
iiclr-17591	1458	4	present	present	VERB
iiclr-17591	1458	5	very	very	ADV
iiclr-17591	1458	6	serious	serious	ADJ
iiclr-17591	1458	7	arguments	argument	NOUN
iiclr-17591	1458	8	;	;	PUNCT
iiclr-17591	1458	9	thus	thus	ADV
iiclr-17591	1458	10	,	,	PUNCT
iiclr-17591	1458	11	formal	formal	ADJ
iiclr-17591	1458	12	reasoning	reasoning	NOUN
iiclr-17591	1458	13	aside	aside	ADV
iiclr-17591	1458	14	,	,	PUNCT
iiclr-17591	1458	15	the	the	DET
iiclr-17591	1458	16	question	question	NOUN
iiclr-17591	1458	17	of	of	ADP
iiclr-17591	1458	18	the	the	DET
iiclr-17591	1458	19	validity	validity	NOUN
iiclr-17591	1458	20	of	of	ADP
iiclr-17591	1458	21	shareholders	shareholder	NOUN
iiclr-17591	1458	22	'	'	PART
iiclr-17591	1458	23	agreements	agreement	NOUN
iiclr-17591	1458	24	is	be	AUX
iiclr-17591	1458	25	largely	largely	ADV
iiclr-17591	1458	26	one	one	NUM
iiclr-17591	1458	27	of	of	ADP
iiclr-17591	1458	28	policy	policy	NOUN
iiclr-17591	1458	29	.	.	PUNCT
iiclr-17591	1459	1	disfavoring	disfavor	VERB
iiclr-17591	1459	2	secret	secret	ADJ
iiclr-17591	1459	3	governance	governance	NOUN
iiclr-17591	1459	4	arrangements	arrangement	NOUN
iiclr-17591	1459	5	can	can	AUX
iiclr-17591	1459	6	not	not	PART
iiclr-17591	1459	7	be	be	AUX
iiclr-17591	1459	8	used	use	VERB
iiclr-17591	1459	9	as	as	ADP
iiclr-17591	1459	10	a	a	DET
iiclr-17591	1459	11	general	general	ADJ
iiclr-17591	1459	12	argument	argument	NOUN
iiclr-17591	1459	13	against	against	ADP
iiclr-17591	1459	14	the	the	DET
iiclr-17591	1459	15	validity	validity	NOUN
iiclr-17591	1459	16	of	of	ADP
iiclr-17591	1459	17	shareholders	shareholder	NOUN
iiclr-17591	1459	18	'	'	PART
iiclr-17591	1459	19	agreements	agreement	NOUN
iiclr-17591	1459	20	because	because	SCONJ
iiclr-17591	1459	21	,	,	PUNCT
iiclr-17591	1459	22	at	at	ADP
iiclr-17591	1459	23	least	least	ADJ
iiclr-17591	1459	24	for	for	ADP
iiclr-17591	1459	25	listed	list	VERB
iiclr-17591	1459	26	companies	company	NOUN
iiclr-17591	1459	27	,	,	PUNCT
iiclr-17591	1459	28	the	the	DET
iiclr-17591	1459	29	consob	consob	NOUN
iiclr-17591	1459	30	must	must	AUX
iiclr-17591	1459	31	be	be	AUX
iiclr-17591	1459	32	notified	notify	VERB
iiclr-17591	1459	33	of	of	ADP
iiclr-17591	1459	34	the	the	DET
iiclr-17591	1459	35	existence	existence	NOUN
iiclr-17591	1459	36	of	of	ADP
iiclr-17591	1459	37	arrangements	arrangement	NOUN
iiclr-17591	1459	38	involving	involve	VERB
iiclr-17591	1459	39	the	the	DET
iiclr-17591	1459	40	transfer	transfer	NOUN
iiclr-17591	1459	41	of	of	ADP
iiclr-17591	1459	42	shares	share	NOUN
iiclr-17591	1459	43	or	or	CCONJ
iiclr-17591	1459	44	the	the	DET
iiclr-17591	1459	45	right	right	NOUN
iiclr-17591	1459	46	to	to	PART
iiclr-17591	1459	47	vote	vote	VERB
iiclr-17591	1459	48	,	,	PUNCT
iiclr-17591	1459	49	and	and	CCONJ
iiclr-17591	1459	50	the	the	DET
iiclr-17591	1459	51	content	content	NOUN
iiclr-17591	1459	52	of	of	ADP
iiclr-17591	1459	53	these	these	DET
iiclr-17591	1459	54	arrangements	arrangement	NOUN
iiclr-17591	1459	55	must	must	AUX
iiclr-17591	1459	56	be	be	AUX
iiclr-17591	1459	57	published	publish	VERB
iiclr-17591	1459	58	.	.	PUNCT
iiclr-17591	1460	1	'"1	'"1	AUX
iiclr-17591	1460	2	the	the	DET
iiclr-17591	1460	3	phenomenon	phenomenon	NOUN
iiclr-17591	1460	4	of	of	ADP
iiclr-17591	1460	5	shareholders	shareholder	NOUN
iiclr-17591	1460	6	'	'	PART
iiclr-17591	1460	7	agreements	agreement	NOUN
iiclr-17591	1460	8	,	,	PUNCT
iiclr-17591	1460	9	however	however	ADV
iiclr-17591	1460	10	,	,	PUNCT
iiclr-17591	1460	11	has	have	VERB
iiclr-17591	1460	12	a	a	DET
iiclr-17591	1460	13	life	life	NOUN
iiclr-17591	1460	14	of	of	ADP
iiclr-17591	1460	15	its	its	PRON
iiclr-17591	1460	16	own	own	ADJ
iiclr-17591	1460	17	,	,	PUNCT
iiclr-17591	1460	18	far	far	ADV
iiclr-17591	1460	19	from	from	ADP
iiclr-17591	1460	20	the	the	DET
iiclr-17591	1460	21	rumors	rumor	NOUN
iiclr-17591	1460	22	and	and	CCONJ
iiclr-17591	1460	23	the	the	DET
iiclr-17591	1460	24	publicity	publicity	NOUN
iiclr-17591	1460	25	of	of	ADP
iiclr-17591	1460	26	courtrooms	courtroom	NOUN
iiclr-17591	1460	27	.	.	PUNCT
iiclr-17591	1461	1	1	1	NUM
iiclr-17591	1461	2	3	3	NUM
iiclr-17591	1461	3	shareholders	shareholder	NOUN
iiclr-17591	1461	4	'	'	PART
iiclr-17591	1461	5	agreements	agreement	NOUN
iiclr-17591	1461	6	are	be	AUX
iiclr-17591	1461	7	incredibly	incredibly	ADV
iiclr-17591	1461	8	widespread	widespread	ADJ
iiclr-17591	1461	9	,	,	PUNCT
iiclr-17591	1461	10	in	in	ADP
iiclr-17591	1461	11	small	small	ADJ
iiclr-17591	1461	12	as	as	ADV
iiclr-17591	1461	13	well	well	ADV
iiclr-17591	1461	14	as	as	ADP
iiclr-17591	1461	15	in	in	ADP
iiclr-17591	1461	16	large	large	ADJ
iiclr-17591	1461	17	companies	company	NOUN
iiclr-17591	1461	18	.	.	PUNCT
iiclr-17591	1462	1	moreover	moreover	ADV
iiclr-17591	1462	2	,	,	PUNCT
iiclr-17591	1462	3	in	in	ADP
iiclr-17591	1462	4	listed	list	VERB
iiclr-17591	1462	5	companies	company	NOUN
iiclr-17591	1462	6	they	they	PRON
iiclr-17591	1462	7	appear	appear	VERB
iiclr-17591	1462	8	to	to	PART
iiclr-17591	1462	9	be	be	AUX
iiclr-17591	1462	10	the	the	DET
iiclr-17591	1462	11	rule	rule	NOUN
iiclr-17591	1462	12	rather	rather	ADV
iiclr-17591	1462	13	than	than	ADP
iiclr-17591	1462	14	the	the	DET
iiclr-17591	1462	15	exception	exception	NOUN
iiclr-17591	1462	16	.	.	PUNCT
iiclr-17591	1463	1	given	give	VERB
iiclr-17591	1463	2	the	the	DET
iiclr-17591	1463	3	courts	court	NOUN
iiclr-17591	1463	4	'	'	PART
iiclr-17591	1463	5	criticism	criticism	NOUN
iiclr-17591	1463	6	,	,	PUNCT
iiclr-17591	1463	7	of	of	ADP
iiclr-17591	1463	8	which	which	PRON
iiclr-17591	1463	9	everyone	everyone	PRON
iiclr-17591	1463	10	is	be	AUX
iiclr-17591	1463	11	obviously	obviously	ADV
iiclr-17591	1463	12	well	well	ADV
iiclr-17591	1463	13	aware	aware	ADJ
iiclr-17591	1463	14	,	,	PUNCT
iiclr-17591	1463	15	shareholders	shareholder	NOUN
iiclr-17591	1463	16	'	'	PART
iiclr-17591	1463	17	agreements	agreement	NOUN
iiclr-17591	1463	18	must	must	AUX
iiclr-17591	1463	19	rest	rest	VERB
iiclr-17591	1463	20	on	on	ADP
iiclr-17591	1463	21	other	other	ADJ
iiclr-17591	1463	22	institutions	institution	NOUN
iiclr-17591	1463	23	:	:	PUNCT
iiclr-17591	1463	24	honor	honor	NOUN
iiclr-17591	1463	25	,	,	PUNCT
iiclr-17591	1463	26	reputation	reputation	NOUN
iiclr-17591	1463	27	,	,	PUNCT
iiclr-17591	1463	28	or	or	CCONJ
iiclr-17591	1463	29	fear	fear	NOUN
iiclr-17591	1463	30	of	of	ADP
iiclr-17591	1463	31	informal	informal	ADJ
iiclr-17591	1463	32	but	but	CCONJ
iiclr-17591	1463	33	nevertheless	nevertheless	ADV
iiclr-17591	1463	34	effective	effective	ADJ
iiclr-17591	1463	35	sanctions.174	sanctions.174	ADV
iiclr-17591	1463	36	it	it	PRON
iiclr-17591	1463	37	is	be	AUX
iiclr-17591	1463	38	beyond	beyond	ADP
iiclr-17591	1463	39	question	question	NOUN
iiclr-17591	1463	40	that	that	SCONJ
iiclr-17591	1463	41	shareholders	shareholder	NOUN
iiclr-17591	1463	42	'	'	PART
iiclr-17591	1463	43	agreements	agreement	NOUN
iiclr-17591	1463	44	perform	perform	VERB
iiclr-17591	1463	45	a	a	DET
iiclr-17591	1463	46	primary	primary	ADJ
iiclr-17591	1463	47	role	role	NOUN
iiclr-17591	1463	48	in	in	ADP
iiclr-17591	1463	49	the	the	DET
iiclr-17591	1463	50	governance	governance	NOUN
iiclr-17591	1463	51	of	of	ADP
iiclr-17591	1463	52	italian	italian	ADJ
iiclr-17591	1463	53	companies	company	NOUN
iiclr-17591	1463	54	,	,	PUNCT
iiclr-17591	1463	55	especially	especially	ADV
iiclr-17591	1463	56	listed	list	VERB
iiclr-17591	1463	57	companies	company	NOUN
iiclr-17591	1463	58	.	.	PUNCT
iiclr-17591	1464	1	what	what	PRON
iiclr-17591	1464	2	remains	remain	VERB
iiclr-17591	1464	3	to	to	PART
iiclr-17591	1464	4	be	be	AUX
iiclr-17591	1464	5	seen	see	VERB
iiclr-17591	1464	6	is	be	AUX
iiclr-17591	1464	7	what	what	PRON
iiclr-17591	1464	8	kind	kind	NOUN
iiclr-17591	1464	9	of	of	ADP
iiclr-17591	1464	10	stability	stability	NOUN
iiclr-17591	1464	11	they	they	PRON
iiclr-17591	1464	12	give	give	VERB
iiclr-17591	1464	13	to	to	ADP
iiclr-17591	1464	14	the	the	DET
iiclr-17591	1464	15	control	control	NOUN
iiclr-17591	1464	16	group	group	NOUN
iiclr-17591	1464	17	,	,	PUNCT
iiclr-17591	1464	18	i.e.	i.e.	X
iiclr-17591	1464	19	,	,	PUNCT
iiclr-17591	1464	20	how	how	SCONJ
iiclr-17591	1464	21	they	they	PRON
iiclr-17591	1464	22	react	react	VERB
iiclr-17591	1464	23	under	under	ADP
iiclr-17591	1464	24	the	the	DET
iiclr-17591	1464	25	pressure	pressure	NOUN
iiclr-17591	1464	26	coming	come	VERB
iiclr-17591	1464	27	from	from	ADP
iiclr-17591	1464	28	a	a	DET
iiclr-17591	1464	29	bidder	bidder	NOUN
iiclr-17591	1464	30	.	.	PUNCT
iiclr-17591	1465	1	if	if	SCONJ
iiclr-17591	1465	2	they	they	PRON
iiclr-17591	1465	3	do	do	AUX
iiclr-17591	1465	4	not	not	PART
iiclr-17591	1465	5	break	break	VERB
iiclr-17591	1465	6	up	up	ADP
iiclr-17591	1465	7	and	and	CCONJ
iiclr-17591	1465	8	tend	tend	VERB
iiclr-17591	1465	9	to	to	PART
iiclr-17591	1465	10	resist	resist	VERB
iiclr-17591	1465	11	,	,	PUNCT
iiclr-17591	1465	12	then	then	ADV
iiclr-17591	1465	13	they	they	PRON
iiclr-17591	1465	14	can	can	AUX
iiclr-17591	1465	15	be	be	AUX
iiclr-17591	1465	16	considered	consider	VERB
iiclr-17591	1465	17	an	an	DET
iiclr-17591	1465	18	almost	almost	ADV
iiclr-17591	1465	19	perfect	perfect	ADJ
iiclr-17591	1465	20	substitute	substitute	NOUN
iiclr-17591	1465	21	for	for	ADP
iiclr-17591	1465	22	a	a	DET
iiclr-17591	1465	23	single	single	ADJ
iiclr-17591	1465	24	shareholding	shareholding	NOUN
iiclr-17591	1465	25	when	when	SCONJ
iiclr-17591	1465	26	considering	consider	VERB
iiclr-17591	1465	27	the	the	DET
iiclr-17591	1465	28	stability	stability	NOUN
iiclr-17591	1465	29	of	of	ADP
iiclr-17591	1465	30	governance	governance	NOUN
iiclr-17591	1465	31	structure	structure	NOUN
iiclr-17591	1465	32	.	.	PUNCT
iiclr-17591	1466	1	170	170	NUM
iiclr-17591	1466	2	.	.	PUNCT
iiclr-17591	1467	1	berardino	berardino	PROPN
iiclr-17591	1467	2	libonati	libonati	PROPN
iiclr-17591	1467	3	,	,	PUNCT
iiclr-17591	1467	4	sindacato	sindacato	NOUN
iiclr-17591	1467	5	di	di	NOUN
iiclr-17591	1467	6	voto	voto	NOUN
iiclr-17591	1467	7	e	e	PROPN
iiclr-17591	1467	8	gestione	gestione	PROPN
iiclr-17591	1467	9	d'impresa	d'impresa	PROPN
iiclr-17591	1467	10	,	,	PUNCT
iiclr-17591	1467	11	1991	1991	NUM
iiclr-17591	1467	12	rivista	rivista	X
iiclr-17591	1467	13	del	del	X
iiclr-17591	1467	14	d1rrrrocommexciait	d1rrrrocommexciait	PROPN
iiclr-17591	1467	15	i	i	PROPN
iiclr-17591	1467	16	,	,	PUNCT
iiclr-17591	1467	17	97	97	NUM
iiclr-17591	1467	18	,	,	PUNCT
iiclr-17591	1467	19	103	103	NUM
iiclr-17591	1467	20	.	.	PUNCT
iiclr-17591	1468	1	among	among	ADP
iiclr-17591	1468	2	those	those	PRON
iiclr-17591	1468	3	who	who	PRON
iiclr-17591	1468	4	deem	deem	VERB
iiclr-17591	1468	5	shareholders	shareholder	NOUN
iiclr-17591	1468	6	'	'	PART
iiclr-17591	1468	7	agreements	agreement	NOUN
iiclr-17591	1468	8	generally	generally	ADV
iiclr-17591	1468	9	valid	valid	ADJ
iiclr-17591	1468	10	,	,	PUNCT
iiclr-17591	1468	11	see	see	VERB
iiclr-17591	1468	12	also	also	ADV
iiclr-17591	1468	13	pier	pier	NOUN
iiclr-17591	1468	14	giusto	giusto	NOUN
iiclr-17591	1468	15	jaeger	jaeger	NOUN
iiclr-17591	1468	16	,	,	PUNCT
iiclr-17591	1468	17	ll	ll	AUX
iiclr-17591	1468	18	problema	problema	VERB
iiclr-17591	1468	19	delle	delle	NOUN
iiclr-17591	1468	20	convenzioni	convenzioni	PROPN
iiclr-17591	1468	21	di	di	PROPN
iiclr-17591	1468	22	voto	voto	NOUN
iiclr-17591	1468	23	,	,	PUNCT
iiclr-17591	1468	24	1989	1989	NUM
iiclr-17591	1468	25	giurisprudenza	giurisprudenza	NOUN
iiclr-17591	1468	26	commerciale	commerciale	PROPN
iiclr-17591	1468	27	i	i	PROPN
iiclr-17591	1468	28	,	,	PUNCT
iiclr-17591	1468	29	201	201	NUM
iiclr-17591	1468	30	;	;	PUNCT
iiclr-17591	1468	31	renzo	renzo	NOUN
iiclr-17591	1468	32	costi	costi	PROPN
iiclr-17591	1468	33	,	,	PUNCT
iiclr-17591	1468	34	ii	ii	PROPN
iiclr-17591	1468	35	problema	problema	PROPN
iiclr-17591	1468	36	della	della	NOUN
iiclr-17591	1468	37	validita	validita	PROPN
iiclr-17591	1468	38	dei	dei	PROPN
iiclr-17591	1468	39	sindacati	sindacati	PROPN
iiclr-17591	1468	40	di	di	PROPN
iiclr-17591	1468	41	voto	voto	PROPN
iiclr-17591	1468	42	nella	nella	PROPN
iiclr-17591	1468	43	legislazionepi	legislazionepi	PROPN
iiclr-17591	1468	44	i	i	PRON
iiclr-17591	1468	45	recente	recente	VERB
iiclr-17591	1468	46	,	,	PUNCT
iiclr-17591	1468	47	in	in	ADP
iiclr-17591	1468	48	sindacatidi	sindacatidi	NOUN
iiclr-17591	1468	49	voto	voto	NOUN
iiclr-17591	1468	50	e	e	PROPN
iiclr-17591	1468	51	sindacati	sindacati	PROPN
iiclr-17591	1468	52	di	di	PROPN
iiclr-17591	1468	53	blocco	blocco	PROPN
iiclr-17591	1468	54	,	,	PUNCT
iiclr-17591	1468	55	supra	supra	PROPN
iiclr-17591	1468	56	note	note	NOUN
iiclr-17591	1468	57	166	166	NUM
iiclr-17591	1468	58	,	,	PUNCT
iiclr-17591	1468	59	at	at	ADP
iiclr-17591	1468	60	25	25	NUM
iiclr-17591	1468	61	.	.	PUNCT
iiclr-17591	1468	62	171	171	NUM
iiclr-17591	1468	63	.	.	PUNCT
iiclr-17591	1469	1	it	it	PRON
iiclr-17591	1469	2	is	be	AUX
iiclr-17591	1469	3	quite	quite	ADV
iiclr-17591	1469	4	interesting	interesting	ADJ
iiclr-17591	1469	5	to	to	PART
iiclr-17591	1469	6	note	note	VERB
iiclr-17591	1469	7	that	that	SCONJ
iiclr-17591	1469	8	on	on	ADP
iiclr-17591	1469	9	both	both	DET
iiclr-17591	1469	10	sides	side	NOUN
iiclr-17591	1469	11	there	there	PRON
iiclr-17591	1469	12	are	be	VERB
iiclr-17591	1469	13	many	many	ADJ
iiclr-17591	1469	14	authors	author	NOUN
iiclr-17591	1469	15	with	with	ADP
iiclr-17591	1469	16	an	an	DET
iiclr-17591	1469	17	extensive	extensive	ADJ
iiclr-17591	1469	18	comparative	comparative	ADJ
iiclr-17591	1469	19	knowledge	knowledge	NOUN
iiclr-17591	1469	20	(	(	PUNCT
iiclr-17591	1469	21	mostly	mostly	ADV
iiclr-17591	1469	22	french	french	ADJ
iiclr-17591	1469	23	,	,	PUNCT
iiclr-17591	1469	24	german	german	ADJ
iiclr-17591	1469	25	and	and	CCONJ
iiclr-17591	1469	26	american	american	ADJ
iiclr-17591	1469	27	)	)	PUNCT
iiclr-17591	1469	28	.	.	PUNCT
iiclr-17591	1470	1	for	for	ADP
iiclr-17591	1470	2	the	the	DET
iiclr-17591	1470	3	most	most	ADV
iiclr-17591	1470	4	recent	recent	ADJ
iiclr-17591	1470	5	discussion	discussion	NOUN
iiclr-17591	1470	6	of	of	ADP
iiclr-17591	1470	7	the	the	DET
iiclr-17591	1470	8	topic	topic	NOUN
iiclr-17591	1470	9	,	,	PUNCT
iiclr-17591	1470	10	see	see	VERB
iiclr-17591	1470	11	sindacati	sindacati	PROPN
iiclr-17591	1470	12	di	di	NOUN
iiclr-17591	1470	13	voto	voto	PROPN
iiclr-17591	1470	14	e	e	PROPN
iiclr-17591	1470	15	sindacati	sindacati	PROPN
iiclr-17591	1470	16	di	di	PROPN
iiclr-17591	1470	17	blocco	blocco	PROPN
iiclr-17591	1470	18	,	,	PUNCT
iiclr-17591	1470	19	supra	supra	PROPN
iiclr-17591	1470	20	note	note	NOUN
iiclr-17591	1470	21	166	166	NUM
iiclr-17591	1470	22	.	.	PUNCT
iiclr-17591	1471	1	see	see	VERB
iiclr-17591	1471	2	also	also	ADV
iiclr-17591	1471	3	didier	didier	PROPN
iiclr-17591	1471	4	martin	martin	PROPN
iiclr-17591	1471	5	,	,	PUNCT
iiclr-17591	1471	6	les	les	X
iiclr-17591	1471	7	conventions	convention	NOUN
iiclr-17591	1471	8	de	de	ADP
iiclr-17591	1471	9	vote	vote	NOUN
iiclr-17591	1471	10	en	en	X
iiclr-17591	1471	11	france	france	PROPN
iiclr-17591	1471	12	,	,	PUNCT
iiclr-17591	1471	13	in	in	ADP
iiclr-17591	1471	14	sindacati	sindacati	PROPN
iiclr-17591	1471	15	di	di	NOUN
iiclr-17591	1471	16	voto	voto	PROPN
iiclr-17591	1471	17	e	e	PROPN
iiclr-17591	1471	18	sindacati	sindacati	PROPN
iiclr-17591	1471	19	di	di	PROPN
iiclr-17591	1471	20	blocco	blocco	PROPN
iiclr-17591	1471	21	,	,	PUNCT
iiclr-17591	1471	22	supra	supra	NOUN
iiclr-17591	1471	23	,	,	PUNCT
iiclr-17591	1471	24	at	at	ADP
iiclr-17591	1471	25	377	377	NUM
iiclr-17591	1471	26	.	.	PUNCT
iiclr-17591	1472	1	172	172	NUM
iiclr-17591	1472	2	.	.	PUNCT
iiclr-17591	1472	3	art	art	NOUN
iiclr-17591	1472	4	.	.	PUNCT
iiclr-17591	1473	1	10(4	10(4	X
iiclr-17591	1473	2	)	)	PUNCT
iiclr-17591	1473	3	,	,	PUNCT
iiclr-17591	1473	4	law	law	NOUN
iiclr-17591	1473	5	of	of	ADP
iiclr-17591	1473	6	feb	feb	PROPN
iiclr-17591	1473	7	.	.	PROPN
iiclr-17591	1473	8	18	18	NUM
iiclr-17591	1473	9	,	,	PUNCT
iiclr-17591	1473	10	1992	1992	NUM
iiclr-17591	1473	11	,	,	PUNCT
iiclr-17591	1473	12	no	no	INTJ
iiclr-17591	1473	13	.	.	NOUN
iiclr-17591	1473	14	149	149	NUM
iiclr-17591	1473	15	,	,	PUNCT
iiclr-17591	1473	16	recently	recently	ADV
iiclr-17591	1473	17	amended	amend	VERB
iiclr-17591	1473	18	by	by	ADP
iiclr-17591	1473	19	law	law	NOUN
iiclr-17591	1473	20	of	of	ADP
iiclr-17591	1473	21	july	july	PROPN
iiclr-17591	1473	22	30	30	NUM
iiclr-17591	1473	23	,	,	PUNCT
iiclr-17591	1473	24	1994	1994	NUM
iiclr-17591	1473	25	,	,	PUNCT
iiclr-17591	1473	26	no	no	INTJ
iiclr-17591	1473	27	.	.	PUNCT
iiclr-17591	1473	28	474	474	NUM
iiclr-17591	1473	29	.	.	PUNCT
iiclr-17591	1474	1	the	the	DET
iiclr-17591	1474	2	publication	publication	NOUN
iiclr-17591	1474	3	of	of	ADP
iiclr-17591	1474	4	the	the	DET
iiclr-17591	1474	5	content	content	NOUN
iiclr-17591	1474	6	must	must	AUX
iiclr-17591	1474	7	be	be	AUX
iiclr-17591	1474	8	made	make	VERB
iiclr-17591	1474	9	in	in	ADP
iiclr-17591	1474	10	three	three	NUM
iiclr-17591	1474	11	national	national	ADJ
iiclr-17591	1474	12	newspapers	newspaper	NOUN
iiclr-17591	1474	13	.	.	PUNCT
iiclr-17591	1475	1	less	less	ADV
iiclr-17591	1475	2	extensive	extensive	ADJ
iiclr-17591	1475	3	disclosure	disclosure	NOUN
iiclr-17591	1475	4	was	be	AUX
iiclr-17591	1475	5	previously	previously	ADV
iiclr-17591	1475	6	mandated	mandate	VERB
iiclr-17591	1475	7	pursuant	pursuant	ADV
iiclr-17591	1475	8	to	to	ADP
iiclr-17591	1475	9	consob	consob	NOUN
iiclr-17591	1475	10	regulations	regulation	NOUN
iiclr-17591	1475	11	.	.	PUNCT
iiclr-17591	1476	1	173	173	NUM
iiclr-17591	1476	2	.	.	PUNCT
iiclr-17591	1477	1	"	"	PUNCT
iiclr-17591	1477	2	[	[	X
iiclr-17591	1477	3	tlhere	tlhere	PRON
iiclr-17591	1477	4	are	be	AUX
iiclr-17591	1477	5	in	in	ADP
iiclr-17591	1477	6	nature	nature	NOUN
iiclr-17591	1477	7	animals	animal	NOUN
iiclr-17591	1477	8	and	and	CCONJ
iiclr-17591	1477	9	plants	plant	NOUN
iiclr-17591	1477	10	we	we	PRON
iiclr-17591	1477	11	are	be	AUX
iiclr-17591	1477	12	able	able	ADJ
iiclr-17591	1477	13	to	to	PART
iiclr-17591	1477	14	see	see	VERB
iiclr-17591	1477	15	only	only	ADV
iiclr-17591	1477	16	in	in	ADP
iiclr-17591	1477	17	particular	particular	ADJ
iiclr-17591	1477	18	circumstances	circumstance	NOUN
iiclr-17591	1477	19	.	.	PUNCT
iiclr-17591	1478	1	this	this	PRON
iiclr-17591	1478	2	is	be	AUX
iiclr-17591	1478	3	the	the	DET
iiclr-17591	1478	4	destiny	destiny	NOUN
iiclr-17591	1478	5	of	of	ADP
iiclr-17591	1478	6	shareholders	shareholder	NOUN
iiclr-17591	1478	7	'	'	PART
iiclr-17591	1478	8	agreements	agreement	NOUN
iiclr-17591	1478	9	....	....	PUNCT
iiclr-17591	1478	10	"	"	PUNCT
iiclr-17591	1478	11	:	:	PUNCT
iiclr-17591	1478	12	gaetano	gaetano	PROPN
iiclr-17591	1478	13	castellano	castellano	PROPN
iiclr-17591	1478	14	,	,	PUNCT
iiclr-17591	1478	15	ii	ii	PROPN
iiclr-17591	1478	16	patto	patto	PROPN
iiclr-17591	1478	17	parasociale	parasociale	PROPN
iiclr-17591	1478	18	di	di	X
iiclr-17591	1478	19	mediobanca	mediobanca	NOUN
iiclr-17591	1478	20	;	;	PUNCT
iiclr-17591	1478	21	sindacato	sindacato	NOUN
iiclr-17591	1478	22	di	di	X
iiclr-17591	1478	23	voto	voto	PROPN
iiclr-17591	1478	24	e	e	PROPN
iiclr-17591	1478	25	sindacato	sindacato	PROPN
iiclr-17591	1478	26	di	di	X
iiclr-17591	1478	27	blocco	blocco	NOUN
iiclr-17591	1478	28	,	,	PUNCT
iiclr-17591	1478	29	1985	1985	NUM
iiclr-17591	1478	30	giurisprudenza	giurisprudenza	NOUN
iiclr-17591	1478	31	commerciale	commerciale	PROPN
iiclr-17591	1478	32	1	1	NUM
iiclr-17591	1478	33	,	,	PUNCT
iiclr-17591	1478	34	342	342	NUM
iiclr-17591	1478	35	.	.	PUNCT
iiclr-17591	1479	1	now	now	ADV
iiclr-17591	1479	2	,	,	PUNCT
iiclr-17591	1479	3	at	at	ADP
iiclr-17591	1479	4	least	least	ADJ
iiclr-17591	1479	5	regarding	regard	VERB
iiclr-17591	1479	6	their	their	PRON
iiclr-17591	1479	7	visibility	visibility	NOUN
iiclr-17591	1479	8	,	,	PUNCT
iiclr-17591	1479	9	things	thing	NOUN
iiclr-17591	1479	10	have	have	AUX
iiclr-17591	1479	11	changed	change	VERB
iiclr-17591	1479	12	,	,	PUNCT
iiclr-17591	1479	13	as	as	SCONJ
iiclr-17591	1479	14	their	their	PRON
iiclr-17591	1479	15	existence	existence	NOUN
iiclr-17591	1479	16	and	and	CCONJ
iiclr-17591	1479	17	content	content	NOUN
iiclr-17591	1479	18	must	must	AUX
iiclr-17591	1479	19	be	be	AUX
iiclr-17591	1479	20	published	publish	VERB
iiclr-17591	1479	21	(	(	PUNCT
iiclr-17591	1479	22	see	see	VERB
iiclr-17591	1479	23	supra	supra	PROPN
iiclr-17591	1479	24	note	note	PROPN
iiclr-17591	1479	25	172	172	NUM
iiclr-17591	1479	26	)	)	PUNCT
iiclr-17591	1479	27	.	.	PUNCT
iiclr-17591	1480	1	one	one	NUM
iiclr-17591	1480	2	of	of	ADP
iiclr-17591	1480	3	the	the	DET
iiclr-17591	1480	4	circumstances	circumstance	NOUN
iiclr-17591	1480	5	in	in	ADP
iiclr-17591	1480	6	the	the	DET
iiclr-17591	1480	7	past	past	NOUN
iiclr-17591	1480	8	in	in	ADP
iiclr-17591	1480	9	which	which	PRON
iiclr-17591	1480	10	it	it	PRON
iiclr-17591	1480	11	was	be	AUX
iiclr-17591	1480	12	possible	possible	ADJ
iiclr-17591	1480	13	to	to	PART
iiclr-17591	1480	14	see	see	VERB
iiclr-17591	1480	15	shareholders	shareholder	NOUN
iiclr-17591	1480	16	'	'	PART
iiclr-17591	1480	17	agreements	agreement	NOUN
iiclr-17591	1480	18	at	at	ADP
iiclr-17591	1480	19	work	work	NOUN
iiclr-17591	1480	20	was	be	AUX
iiclr-17591	1480	21	the	the	DET
iiclr-17591	1480	22	battle	battle	NOUN
iiclr-17591	1480	23	for	for	ADP
iiclr-17591	1480	24	the	the	DET
iiclr-17591	1480	25	control	control	NOUN
iiclr-17591	1480	26	of	of	ADP
iiclr-17591	1480	27	mondadori	mondadori	NOUN
iiclr-17591	1480	28	s.p.a-	s.p.a-	PROPN
iiclr-17591	1480	29	,	,	PUNCT
iiclr-17591	1480	30	which	which	PRON
iiclr-17591	1480	31	was	be	AUX
iiclr-17591	1480	32	fought	fight	VERB
iiclr-17591	1480	33	in	in	ADP
iiclr-17591	1480	34	the	the	DET
iiclr-17591	1480	35	open	open	ADJ
iiclr-17591	1480	36	and	and	CCONJ
iiclr-17591	1480	37	involved	involve	VERB
iiclr-17591	1480	38	the	the	DET
iiclr-17591	1480	39	use	use	NOUN
iiclr-17591	1480	40	of	of	ADP
iiclr-17591	1480	41	every	every	DET
iiclr-17591	1480	42	possible	possible	ADJ
iiclr-17591	1480	43	judicial	judicial	ADJ
iiclr-17591	1480	44	weapon	weapon	NOUN
iiclr-17591	1480	45	.	.	PUNCT
iiclr-17591	1481	1	174	174	NUM
iiclr-17591	1481	2	.	.	PUNCT
iiclr-17591	1482	1	some	some	DET
iiclr-17591	1482	2	shareholders	shareholder	NOUN
iiclr-17591	1482	3	'	'	PART
iiclr-17591	1482	4	agreements	agreement	NOUN
iiclr-17591	1482	5	,	,	PUNCT
iiclr-17591	1482	6	however	however	ADV
iiclr-17591	1482	7	,	,	PUNCT
iiclr-17591	1482	8	are	be	AUX
iiclr-17591	1482	9	clearly	clearly	ADV
iiclr-17591	1482	10	drafted	draft	VERB
iiclr-17591	1482	11	to	to	PART
iiclr-17591	1482	12	avoid	avoid	VERB
iiclr-17591	1482	13	the	the	DET
iiclr-17591	1482	14	possibility	possibility	NOUN
iiclr-17591	1482	15	of	of	ADP
iiclr-17591	1482	16	being	be	AUX
iiclr-17591	1482	17	struck	strike	VERB
iiclr-17591	1482	18	down	down	ADP
iiclr-17591	1482	19	by	by	ADP
iiclr-17591	1482	20	the	the	DET
iiclr-17591	1482	21	courts	court	NOUN
iiclr-17591	1482	22	.	.	PUNCT
iiclr-17591	1483	1	this	this	PRON
iiclr-17591	1483	2	is	be	AUX
iiclr-17591	1483	3	the	the	DET
iiclr-17591	1483	4	case	case	NOUN
iiclr-17591	1483	5	of	of	ADP
iiclr-17591	1483	6	the	the	DET
iiclr-17591	1483	7	shareholders	shareholder	NOUN
iiclr-17591	1483	8	'	'	PART
iiclr-17591	1483	9	agreement	agreement	NOUN
iiclr-17591	1483	10	involving	involve	VERB
iiclr-17591	1483	11	fiat	fiat	PROPN
iiclr-17591	1483	12	s.p.a	s.p.a	NOUN
iiclr-17591	1483	13	.	.	PROPN
iiclr-17591	1483	14	,	,	PUNCT
iiclr-17591	1483	15	supra	supra	PROPN
iiclr-17591	1483	16	note	note	NOUN
iiclr-17591	1483	17	162	162	NUM
iiclr-17591	1483	18	.	.	PUNCT
iiclr-17591	1484	1	[	[	X
iiclr-17591	1484	2	vol	vol	NOUN
iiclr-17591	1484	3	.	.	PUNCT
iiclr-17591	1485	1	6:1	6:1	NUM
iiclr-17591	1485	2	corporate	corporate	ADJ
iiclr-17591	1485	3	governance	governance	NOUN
iiclr-17591	1485	4	in	in	ADP
iiclr-17591	1485	5	italy	italy	PROPN
iiclr-17591	1485	6	in	in	ADP
iiclr-17591	1485	7	resolving	resolve	VERB
iiclr-17591	1485	8	this	this	DET
iiclr-17591	1485	9	last	last	ADJ
iiclr-17591	1485	10	issue	issue	NOUN
iiclr-17591	1485	11	,	,	PUNCT
iiclr-17591	1485	12	the	the	DET
iiclr-17591	1485	13	judicial	judicial	ADJ
iiclr-17591	1485	14	trend	trend	NOUN
iiclr-17591	1485	15	toward	toward	ADP
iiclr-17591	1485	16	the	the	DET
iiclr-17591	1485	17	invalidity	invalidity	NOUN
iiclr-17591	1485	18	of	of	ADP
iiclr-17591	1485	19	shareholders	shareholder	NOUN
iiclr-17591	1485	20	'	'	PART
iiclr-17591	1485	21	agreements	agreement	NOUN
iiclr-17591	1485	22	may	may	AUX
iiclr-17591	1485	23	play	play	VERB
iiclr-17591	1485	24	some	some	DET
iiclr-17591	1485	25	role	role	NOUN
iiclr-17591	1485	26	.	.	PUNCT
iiclr-17591	1486	1	often	often	ADV
iiclr-17591	1486	2	such	such	ADJ
iiclr-17591	1486	3	agreements	agreement	NOUN
iiclr-17591	1486	4	provide	provide	VERB
iiclr-17591	1486	5	for	for	ADP
iiclr-17591	1486	6	liquidated	liquidate	VERB
iiclr-17591	1486	7	damages	damage	NOUN
iiclr-17591	1486	8	,	,	PUNCT
iiclr-17591	1486	9	and	and	CCONJ
iiclr-17591	1486	10	even	even	ADV
iiclr-17591	1486	11	more	more	ADV
iiclr-17591	1486	12	often	often	ADV
iiclr-17591	1486	13	they	they	PRON
iiclr-17591	1486	14	provide	provide	VERB
iiclr-17591	1486	15	for	for	ADP
iiclr-17591	1486	16	self	self	NOUN
iiclr-17591	1486	17	-	-	PUNCT
iiclr-17591	1486	18	enforcing	enforce	VERB
iiclr-17591	1486	19	techniques	technique	NOUN
iiclr-17591	1486	20	that	that	PRON
iiclr-17591	1486	21	effectively	effectively	ADV
iiclr-17591	1486	22	prevent	prevent	VERB
iiclr-17591	1486	23	adhering	adhere	VERB
iiclr-17591	1486	24	shareholders	shareholder	NOUN
iiclr-17591	1486	25	from	from	ADP
iiclr-17591	1486	26	withdrawing	withdraw	VERB
iiclr-17591	1486	27	their	their	PRON
iiclr-17591	1486	28	shares	share	NOUN
iiclr-17591	1486	29	before	before	ADP
iiclr-17591	1486	30	the	the	DET
iiclr-17591	1486	31	expiration	expiration	NOUN
iiclr-17591	1486	32	date	date	NOUN
iiclr-17591	1486	33	.	.	PUNCT
iiclr-17591	1487	1	thus	thus	ADV
iiclr-17591	1487	2	,	,	PUNCT
iiclr-17591	1487	3	the	the	DET
iiclr-17591	1487	4	anticipated	anticipate	VERB
iiclr-17591	1487	5	outcome	outcome	NOUN
iiclr-17591	1487	6	of	of	ADP
iiclr-17591	1487	7	a	a	DET
iiclr-17591	1487	8	controversy	controversy	NOUN
iiclr-17591	1487	9	with	with	ADP
iiclr-17591	1487	10	other	other	ADJ
iiclr-17591	1487	11	shareholders	shareholder	NOUN
iiclr-17591	1487	12	may	may	AUX
iiclr-17591	1487	13	influence	influence	VERB
iiclr-17591	1487	14	a	a	DET
iiclr-17591	1487	15	shareholders	shareholder	NOUN
iiclr-17591	1487	16	'	'	PART
iiclr-17591	1487	17	decision	decision	NOUN
iiclr-17591	1487	18	whether	whether	SCONJ
iiclr-17591	1487	19	to	to	PART
iiclr-17591	1487	20	tender	tender	VERB
iiclr-17591	1487	21	in	in	ADP
iiclr-17591	1487	22	violation	violation	NOUN
iiclr-17591	1487	23	of	of	ADP
iiclr-17591	1487	24	a	a	DET
iiclr-17591	1487	25	shareholders	shareholder	NOUN
iiclr-17591	1487	26	'	'	PART
iiclr-17591	1487	27	agreement	agreement	NOUN
iiclr-17591	1487	28	or	or	CCONJ
iiclr-17591	1487	29	not	not	PART
iiclr-17591	1487	30	.	.	PUNCT
iiclr-17591	1488	1	the	the	DET
iiclr-17591	1488	2	italian	italian	ADJ
iiclr-17591	1488	3	experience	experience	NOUN
iiclr-17591	1488	4	with	with	ADP
iiclr-17591	1488	5	hostile	hostile	ADJ
iiclr-17591	1488	6	takeovers	takeover	NOUN
iiclr-17591	1488	7	is	be	AUX
iiclr-17591	1488	8	still	still	ADV
iiclr-17591	1488	9	too	too	ADV
iiclr-17591	1488	10	little	little	ADJ
iiclr-17591	1488	11	to	to	PART
iiclr-17591	1488	12	advance	advance	VERB
iiclr-17591	1488	13	a	a	DET
iiclr-17591	1488	14	seriously	seriously	ADV
iiclr-17591	1488	15	based	base	VERB
iiclr-17591	1488	16	prediction	prediction	NOUN
iiclr-17591	1488	17	on	on	ADP
iiclr-17591	1488	18	the	the	DET
iiclr-17591	1488	19	behavior	behavior	NOUN
iiclr-17591	1488	20	of	of	ADP
iiclr-17591	1488	21	shareholders	shareholder	NOUN
iiclr-17591	1488	22	'	'	PART
iiclr-17591	1488	23	agreements	agreement	NOUN
iiclr-17591	1488	24	in	in	ADP
iiclr-17591	1488	25	such	such	DET
iiclr-17591	1488	26	a	a	DET
iiclr-17591	1488	27	setting	setting	NOUN
iiclr-17591	1488	28	.	.	PUNCT
iiclr-17591	1489	1	an	an	DET
iiclr-17591	1489	2	attack	attack	NOUN
iiclr-17591	1489	3	from	from	ADP
iiclr-17591	1489	4	a	a	DET
iiclr-17591	1489	5	hostile	hostile	ADJ
iiclr-17591	1489	6	bidder	bidder	NOUN
iiclr-17591	1489	7	on	on	ADP
iiclr-17591	1489	8	a	a	DET
iiclr-17591	1489	9	shareholders	shareholder	NOUN
iiclr-17591	1489	10	'	'	PART
iiclr-17591	1489	11	agreement	agreement	NOUN
iiclr-17591	1489	12	at	at	ADP
iiclr-17591	1489	13	the	the	DET
iiclr-17591	1489	14	end	end	NOUN
iiclr-17591	1489	15	of	of	ADP
iiclr-17591	1489	16	1994	1994	NUM
iiclr-17591	1489	17	was	be	AUX
iiclr-17591	1489	18	unsuccessful	unsuccessful	ADJ
iiclr-17591	1489	19	;	;	PUNCT
iiclr-17591	1489	20	'	'	PUNCT
iiclr-17591	1489	21	this	this	PRON
iiclr-17591	1489	22	may	may	AUX
iiclr-17591	1489	23	be	be	AUX
iiclr-17591	1489	24	a	a	DET
iiclr-17591	1489	25	sign	sign	NOUN
iiclr-17591	1489	26	that	that	SCONJ
iiclr-17591	1489	27	,	,	PUNCT
iiclr-17591	1489	28	when	when	SCONJ
iiclr-17591	1489	29	other	other	ADJ
iiclr-17591	1489	30	rules	rule	NOUN
iiclr-17591	1489	31	are	be	AUX
iiclr-17591	1489	32	broken	break	VERB
iiclr-17591	1489	33	or	or	CCONJ
iiclr-17591	1489	34	other	other	ADJ
iiclr-17591	1489	35	relationships	relationship	NOUN
iiclr-17591	1489	36	are	be	AUX
iiclr-17591	1489	37	endangered	endanger	VERB
iiclr-17591	1489	38	,	,	PUNCT
iiclr-17591	1489	39	economic	economic	ADJ
iiclr-17591	1489	40	rewards	reward	NOUN
iiclr-17591	1489	41	may	may	AUX
iiclr-17591	1489	42	not	not	PART
iiclr-17591	1489	43	be	be	AUX
iiclr-17591	1489	44	enough	enough	ADJ
iiclr-17591	1489	45	,	,	PUNCT
iiclr-17591	1489	46	or	or	CCONJ
iiclr-17591	1489	47	must	must	AUX
iiclr-17591	1489	48	be	be	AUX
iiclr-17591	1489	49	higher	high	ADJ
iiclr-17591	1489	50	than	than	ADP
iiclr-17591	1489	51	normal	normal	ADJ
iiclr-17591	1489	52	,	,	PUNCT
iiclr-17591	1489	53	for	for	ADP
iiclr-17591	1489	54	the	the	DET
iiclr-17591	1489	55	kind	kind	NOUN
iiclr-17591	1489	56	of	of	ADP
iiclr-17591	1489	57	actors	actor	NOUN
iiclr-17591	1489	58	that	that	PRON
iiclr-17591	1489	59	control	control	VERB
iiclr-17591	1489	60	italian	italian	ADJ
iiclr-17591	1489	61	companies	company	NOUN
iiclr-17591	1489	62	.	.	PUNCT
iiclr-17591	1490	1	"6	"6	VERB
iiclr-17591	1490	2	such	such	DET
iiclr-17591	1490	3	a	a	DET
iiclr-17591	1490	4	situation	situation	NOUN
iiclr-17591	1490	5	may	may	AUX
iiclr-17591	1490	6	change	change	VERB
iiclr-17591	1490	7	in	in	ADP
iiclr-17591	1490	8	the	the	DET
iiclr-17591	1490	9	near	near	ADJ
iiclr-17591	1490	10	future	future	NOUN
iiclr-17591	1490	11	,	,	PUNCT
iiclr-17591	1490	12	however	however	ADV
iiclr-17591	1490	13	,	,	PUNCT
iiclr-17591	1490	14	if	if	SCONJ
iiclr-17591	1490	15	,	,	PUNCT
iiclr-17591	1490	16	as	as	SCONJ
iiclr-17591	1490	17	is	be	AUX
iiclr-17591	1490	18	almost	almost	ADV
iiclr-17591	1490	19	certain	certain	ADJ
iiclr-17591	1490	20	,	,	PUNCT
iiclr-17591	1490	21	new	new	ADJ
iiclr-17591	1490	22	actors	actor	NOUN
iiclr-17591	1490	23	will	will	AUX
iiclr-17591	1490	24	enter	enter	VERB
iiclr-17591	1490	25	the	the	DET
iiclr-17591	1490	26	arena	arena	NOUN
iiclr-17591	1490	27	.	.	PUNCT
iiclr-17591	1491	1	we	we	PRON
iiclr-17591	1491	2	will	will	AUX
iiclr-17591	1491	3	explore	explore	VERB
iiclr-17591	1491	4	this	this	DET
iiclr-17591	1491	5	point	point	NOUN
iiclr-17591	1491	6	below	below	ADV
iiclr-17591	1491	7	.	.	PUNCT
iiclr-17591	1492	1	h.	h.	NOUN
iiclr-17591	1492	2	the	the	DET
iiclr-17591	1492	3	nature	nature	NOUN
iiclr-17591	1492	4	and	and	CCONJ
iiclr-17591	1492	5	the	the	DET
iiclr-17591	1492	6	structure	structure	NOUN
iiclr-17591	1492	7	of	of	ADP
iiclr-17591	1492	8	the	the	DET
iiclr-17591	1492	9	control	control	NOUN
iiclr-17591	1492	10	group	group	NOUN
iiclr-17591	1492	11	of	of	ADP
iiclr-17591	1492	12	italian	italian	ADJ
iiclr-17591	1492	13	companies	company	NOUN
iiclr-17591	1492	14	.	.	PUNCT
iiclr-17591	1493	1	we	we	PRON
iiclr-17591	1493	2	now	now	ADV
iiclr-17591	1493	3	know	know	VERB
iiclr-17591	1493	4	how	how	SCONJ
iiclr-17591	1493	5	strong	strong	ADJ
iiclr-17591	1493	6	shareholders	shareholder	NOUN
iiclr-17591	1493	7	as	as	ADP
iiclr-17591	1493	8	a	a	DET
iiclr-17591	1493	9	group	group	NOUN
iiclr-17591	1493	10	are	be	AUX
iiclr-17591	1493	11	in	in	ADP
iiclr-17591	1493	12	listed	list	VERB
iiclr-17591	1493	13	and	and	CCONJ
iiclr-17591	1493	14	unlisted	unlisted	ADJ
iiclr-17591	1493	15	italian	italian	ADJ
iiclr-17591	1493	16	companies	company	NOUN
iiclr-17591	1493	17	,	,	PUNCT
iiclr-17591	1493	18	and	and	CCONJ
iiclr-17591	1493	19	how	how	SCONJ
iiclr-17591	1493	20	they	they	PRON
iiclr-17591	1493	21	arrange	arrange	VERB
iiclr-17591	1493	22	corporate	corporate	ADJ
iiclr-17591	1493	23	governance	governance	NOUN
iiclr-17591	1493	24	;	;	PUNCT
iiclr-17591	1493	25	what	what	PRON
iiclr-17591	1493	26	we	we	PRON
iiclr-17591	1493	27	do	do	AUX
iiclr-17591	1493	28	not	not	PART
iiclr-17591	1493	29	know	know	VERB
iiclr-17591	1493	30	is	be	AUX
iiclr-17591	1493	31	who	who	PRON
iiclr-17591	1493	32	they	they	PRON
iiclr-17591	1493	33	are	be	AUX
iiclr-17591	1493	34	and	and	CCONJ
iiclr-17591	1493	35	why	why	SCONJ
iiclr-17591	1493	36	they	they	PRON
iiclr-17591	1493	37	own	own	VERB
iiclr-17591	1493	38	shares	share	NOUN
iiclr-17591	1493	39	.	.	PUNCT
iiclr-17591	1494	1	this	this	PRON
iiclr-17591	1494	2	is	be	AUX
iiclr-17591	1494	3	possibly	possibly	ADV
iiclr-17591	1494	4	the	the	DET
iiclr-17591	1494	5	most	most	ADV
iiclr-17591	1494	6	interesting	interesting	ADJ
iiclr-17591	1494	7	point	point	NOUN
iiclr-17591	1494	8	.	.	PUNCT
iiclr-17591	1495	1	we	we	PRON
iiclr-17591	1495	2	have	have	AUX
iiclr-17591	1495	3	seen	see	VERB
iiclr-17591	1495	4	supra	supra	PROPN
iiclr-17591	1495	5	that	that	SCONJ
iiclr-17591	1495	6	control	control	NOUN
iiclr-17591	1495	7	groups	group	NOUN
iiclr-17591	1495	8	are	be	AUX
iiclr-17591	1495	9	normally	normally	ADV
iiclr-17591	1495	10	very	very	ADV
iiclr-17591	1495	11	strong	strong	ADJ
iiclr-17591	1495	12	.	.	PUNCT
iiclr-17591	1496	1	in	in	ADP
iiclr-17591	1496	2	probing	probe	VERB
iiclr-17591	1496	3	more	more	ADV
iiclr-17591	1496	4	deeply	deeply	ADV
iiclr-17591	1496	5	,	,	PUNCT
iiclr-17591	1496	6	let	let	VERB
iiclr-17591	1496	7	us	we	PRON
iiclr-17591	1496	8	look	look	VERB
iiclr-17591	1496	9	into	into	ADP
iiclr-17591	1496	10	the	the	DET
iiclr-17591	1496	11	control	control	NOUN
iiclr-17591	1496	12	group	group	NOUN
iiclr-17591	1496	13	,	,	PUNCT
iiclr-17591	1496	14	searching	search	VERB
iiclr-17591	1496	15	for	for	ADP
iiclr-17591	1496	16	the	the	DET
iiclr-17591	1496	17	dominant	dominant	ADJ
iiclr-17591	1496	18	shareholder	shareholder	NOUN
iiclr-17591	1496	19	,	,	PUNCT
iiclr-17591	1496	20	if	if	SCONJ
iiclr-17591	1496	21	there	there	PRON
iiclr-17591	1496	22	is	be	VERB
iiclr-17591	1496	23	one	one	NUM
iiclr-17591	1496	24	.	.	PUNCT
iiclr-17591	1497	1	according	accord	VERB
iiclr-17591	1497	2	to	to	ADP
iiclr-17591	1497	3	the	the	DET
iiclr-17591	1497	4	consob	consob	NOUN
iiclr-17591	1497	5	,	,	PUNCT
iiclr-17591	1497	6	as	as	ADP
iiclr-17591	1497	7	of	of	ADP
iiclr-17591	1497	8	august	august	PROPN
iiclr-17591	1497	9	1992	1992	NUM
iiclr-17591	1497	10	,	,	PUNCT
iiclr-17591	1497	11	only	only	ADV
iiclr-17591	1497	12	ten	ten	NUM
iiclr-17591	1497	13	companies	company	NOUN
iiclr-17591	1497	14	listed	list	VERB
iiclr-17591	1497	15	on	on	ADP
iiclr-17591	1497	16	the	the	DET
iiclr-17591	1497	17	major	major	ADJ
iiclr-17591	1497	18	stock	stock	NOUN
iiclr-17591	1497	19	exchange	exchange	NOUN
iiclr-17591	1497	20	did	do	AUX
iiclr-17591	1497	21	not	not	PART
iiclr-17591	1497	22	have	have	VERB
iiclr-17591	1497	23	a	a	DET
iiclr-17591	1497	24	well	well	ADV
iiclr-17591	1497	25	-	-	PUNCT
iiclr-17591	1497	26	defined	define	VERB
iiclr-17591	1497	27	control	control	NOUN
iiclr-17591	1497	28	group	group	NOUN
iiclr-17591	1497	29	;	;	PUNCT
iiclr-17591	1497	30	apart	apart	ADV
iiclr-17591	1497	31	from	from	ADP
iiclr-17591	1497	32	one	one	NUM
iiclr-17591	1497	33	exception,'7	exception,'7	NOUN
iiclr-17591	1497	34	7	7	NUM
iiclr-17591	1497	35	however	however	ADV
iiclr-17591	1497	36	,	,	PUNCT
iiclr-17591	1497	37	the	the	DET
iiclr-17591	1497	38	largest	large	ADJ
iiclr-17591	1497	39	shareholder	shareholder	NOUN
iiclr-17591	1497	40	of	of	ADP
iiclr-17591	1497	41	these	these	DET
iiclr-17591	1497	42	companies	company	NOUN
iiclr-17591	1497	43	owned	own	VERB
iiclr-17591	1497	44	between	between	ADP
iiclr-17591	1497	45	12.99	12.99	NUM
iiclr-17591	1497	46	and	and	CCONJ
iiclr-17591	1497	47	40.48	40.48	NUM
iiclr-17591	1497	48	%	%	NOUN
iiclr-17591	1497	49	of	of	ADP
iiclr-17591	1497	50	the	the	DET
iiclr-17591	1497	51	capital	capital	NOUN
iiclr-17591	1497	52	.	.	PUNCT
iiclr-17591	1498	1	all	all	DET
iiclr-17591	1498	2	other	other	ADJ
iiclr-17591	1498	3	companies	company	NOUN
iiclr-17591	1498	4	had	have	VERB
iiclr-17591	1498	5	a	a	DET
iiclr-17591	1498	6	stable	stable	ADJ
iiclr-17591	1498	7	control	control	NOUN
iiclr-17591	1498	8	situation	situation	NOUN
iiclr-17591	1498	9	:	:	PUNCT
iiclr-17591	1498	10	twenty	twenty	NUM
iiclr-17591	1498	11	-	-	PUNCT
iiclr-17591	1498	12	two	two	NUM
iiclr-17591	1498	13	others	other	NOUN
iiclr-17591	1498	14	had	have	VERB
iiclr-17591	1498	15	a	a	DET
iiclr-17591	1498	16	dominant	dominant	ADJ
iiclr-17591	1498	17	shareholder	shareholder	NOUN
iiclr-17591	1498	18	,	,	PUNCT
iiclr-17591	1498	19	owning	own	VERB
iiclr-17591	1498	20	between	between	ADP
iiclr-17591	1498	21	34.93	34.93	NUM
iiclr-17591	1498	22	and	and	CCONJ
iiclr-17591	1498	23	49.47	49.47	NUM
iiclr-17591	1498	24	%	%	NOUN
iiclr-17591	1498	25	;	;	PUNCT
iiclr-17591	1498	26	seven	seven	NUM
iiclr-17591	1498	27	others	other	NOUN
iiclr-17591	1498	28	had	have	VERB
iiclr-17591	1498	29	a	a	DET
iiclr-17591	1498	30	shareholder	shareholder	NOUN
iiclr-17591	1498	31	that	that	PRON
iiclr-17591	1498	32	,	,	PUNCT
iiclr-17591	1498	33	although	although	SCONJ
iiclr-17591	1498	34	175	175	NUM
iiclr-17591	1498	35	.	.	PUNCT
iiclr-17591	1499	1	in	in	ADP
iiclr-17591	1499	2	the	the	DET
iiclr-17591	1499	3	fall	fall	NOUN
iiclr-17591	1499	4	of	of	ADP
iiclr-17591	1499	5	1994	1994	NUM
iiclr-17591	1499	6	,	,	PUNCT
iiclr-17591	1499	7	a	a	DET
iiclr-17591	1499	8	hostile	hostile	ADJ
iiclr-17591	1499	9	bid	bid	NOUN
iiclr-17591	1499	10	was	be	AUX
iiclr-17591	1499	11	launched	launch	VERB
iiclr-17591	1499	12	by	by	ADP
iiclr-17591	1499	13	banca	banca	PROPN
iiclr-17591	1499	14	commerciale	commerciale	PROPN
iiclr-17591	1499	15	italiana	italiana	PROPN
iiclr-17591	1499	16	s.p.a	s.p.a	PROPN
iiclr-17591	1499	17	.	.	PROPN
iiclr-17591	1500	1	for	for	ADP
iiclr-17591	1500	2	banco	banco	PROPN
iiclr-17591	1500	3	ambroveneto	ambroveneto	PROPN
iiclr-17591	1500	4	s.p.a	s.p.a	PROPN
iiclr-17591	1500	5	.	.	PROPN
iiclr-17591	1500	6	,	,	PUNCT
iiclr-17591	1500	7	at	at	ADP
iiclr-17591	1500	8	the	the	DET
iiclr-17591	1500	9	time	time	NOUN
iiclr-17591	1500	10	governed	govern	VERB
iiclr-17591	1500	11	by	by	ADP
iiclr-17591	1500	12	a	a	DET
iiclr-17591	1500	13	shareholders	shareholder	NOUN
iiclr-17591	1500	14	'	'	PART
iiclr-17591	1500	15	agreement	agreement	NOUN
iiclr-17591	1500	16	gathering	gather	VERB
iiclr-17591	1500	17	more	more	ADJ
iiclr-17591	1500	18	than	than	ADP
iiclr-17591	1500	19	50	50	NUM
iiclr-17591	1500	20	percent	percent	NOUN
iiclr-17591	1500	21	.	.	PUNCT
iiclr-17591	1501	1	the	the	DET
iiclr-17591	1501	2	bid	bid	NOUN
iiclr-17591	1501	3	,	,	PUNCT
iiclr-17591	1501	4	after	after	ADP
iiclr-17591	1501	5	being	be	AUX
iiclr-17591	1501	6	rejected	reject	VERB
iiclr-17591	1501	7	by	by	ADP
iiclr-17591	1501	8	the	the	DET
iiclr-17591	1501	9	members	member	NOUN
iiclr-17591	1501	10	of	of	ADP
iiclr-17591	1501	11	the	the	DET
iiclr-17591	1501	12	agreement	agreement	NOUN
iiclr-17591	1501	13	(	(	PUNCT
iiclr-17591	1501	14	although	although	SCONJ
iiclr-17591	1501	15	with	with	ADP
iiclr-17591	1501	16	some	some	DET
iiclr-17591	1501	17	coordination	coordination	NOUN
iiclr-17591	1501	18	difficulties	difficulty	NOUN
iiclr-17591	1501	19	due	due	ADJ
iiclr-17591	1501	20	to	to	ADP
iiclr-17591	1501	21	a	a	DET
iiclr-17591	1501	22	shareholder	shareholder	NOUN
iiclr-17591	1501	23	willing	willing	ADJ
iiclr-17591	1501	24	to	to	PART
iiclr-17591	1501	25	sell	sell	VERB
iiclr-17591	1501	26	)	)	PUNCT
iiclr-17591	1501	27	was	be	AUX
iiclr-17591	1501	28	withdrawn	withdraw	VERB
iiclr-17591	1501	29	.	.	PUNCT
iiclr-17591	1502	1	after	after	ADP
iiclr-17591	1502	2	the	the	DET
iiclr-17591	1502	3	buyout	buyout	NOUN
iiclr-17591	1502	4	of	of	ADP
iiclr-17591	1502	5	the	the	DET
iiclr-17591	1502	6	dissenting	dissent	VERB
iiclr-17591	1502	7	shareholder	shareholder	NOUN
iiclr-17591	1502	8	,	,	PUNCT
iiclr-17591	1502	9	the	the	DET
iiclr-17591	1502	10	agreement	agreement	NOUN
iiclr-17591	1502	11	was	be	AUX
iiclr-17591	1502	12	first	first	ADV
iiclr-17591	1502	13	extended	extend	VERB
iiclr-17591	1502	14	and	and	CCONJ
iiclr-17591	1502	15	then	then	ADV
iiclr-17591	1502	16	redrawn	redrawn	VERB
iiclr-17591	1502	17	with	with	ADP
iiclr-17591	1502	18	less	less	ADJ
iiclr-17591	1502	19	participants	participant	NOUN
iiclr-17591	1502	20	(	(	PUNCT
iiclr-17591	1502	21	see	see	VERB
iiclr-17591	1502	22	antonio	antonio	PROPN
iiclr-17591	1502	23	quaglio	quaglio	PROPN
iiclr-17591	1502	24	,	,	PUNCT
iiclr-17591	1502	25	patto	patto	PROPN
iiclr-17591	1502	26	a	a	DET
iiclr-17591	1502	27	tre	tre	NOUN
iiclr-17591	1502	28	per	per	ADP
iiclr-17591	1502	29	bazoli	bazoli	NOUN
iiclr-17591	1502	30	,	,	PUNCT
iiclr-17591	1502	31	il	il	PROPN
iiclr-17591	1502	32	sole	sole	ADJ
iiclr-17591	1502	33	24	24	NUM
iiclr-17591	1502	34	ore	ore	NOUN
iiclr-17591	1502	35	,	,	PUNCT
iiclr-17591	1502	36	july	july	PROPN
iiclr-17591	1502	37	25	25	NUM
iiclr-17591	1502	38	,	,	PUNCT
iiclr-17591	1502	39	1995	1995	NUM
iiclr-17591	1502	40	,	,	PUNCT
iiclr-17591	1502	41	at	at	ADP
iiclr-17591	1502	42	25	25	NUM
iiclr-17591	1502	43	)	)	PUNCT
iiclr-17591	1502	44	.	.	PUNCT
iiclr-17591	1503	1	176	176	NUM
iiclr-17591	1503	2	.	.	PUNCT
iiclr-17591	1504	1	of	of	ADP
iiclr-17591	1504	2	course	course	ADV
iiclr-17591	1504	3	,	,	PUNCT
iiclr-17591	1504	4	it	it	PRON
iiclr-17591	1504	5	may	may	AUX
iiclr-17591	1504	6	also	also	ADV
iiclr-17591	1504	7	be	be	AUX
iiclr-17591	1504	8	that	that	SCONJ
iiclr-17591	1504	9	the	the	DET
iiclr-17591	1504	10	bid	bid	NOUN
iiclr-17591	1504	11	was	be	AUX
iiclr-17591	1504	12	considered	consider	VERB
iiclr-17591	1504	13	too	too	ADV
iiclr-17591	1504	14	low	low	ADJ
iiclr-17591	1504	15	by	by	ADP
iiclr-17591	1504	16	each	each	PRON
iiclr-17591	1504	17	of	of	ADP
iiclr-17591	1504	18	the	the	DET
iiclr-17591	1504	19	parts	part	NOUN
iiclr-17591	1504	20	of	of	ADP
iiclr-17591	1504	21	the	the	DET
iiclr-17591	1504	22	shareholders	shareholder	NOUN
iiclr-17591	1504	23	'	'	PART
iiclr-17591	1504	24	agreement	agreement	NOUN
iiclr-17591	1504	25	,	,	PUNCT
iiclr-17591	1504	26	in	in	ADP
iiclr-17591	1504	27	which	which	DET
iiclr-17591	1504	28	case	case	NOUN
iiclr-17591	1504	29	the	the	DET
iiclr-17591	1504	30	agreement	agreement	NOUN
iiclr-17591	1504	31	played	play	VERB
iiclr-17591	1504	32	no	no	DET
iiclr-17591	1504	33	role	role	NOUN
iiclr-17591	1504	34	at	at	ADV
iiclr-17591	1504	35	all	all	ADV
iiclr-17591	1504	36	.	.	PUNCT
iiclr-17591	1505	1	177	177	NUM
iiclr-17591	1505	2	.	.	PUNCT
iiclr-17591	1505	3	assicurazioni	assicurazioni	PROPN
iiclr-17591	1505	4	generali	generali	PROPN
iiclr-17591	1505	5	,	,	PUNCT
iiclr-17591	1505	6	one	one	NUM
iiclr-17591	1505	7	of	of	ADP
iiclr-17591	1505	8	the	the	DET
iiclr-17591	1505	9	largest	large	ADJ
iiclr-17591	1505	10	insurance	insurance	NOUN
iiclr-17591	1505	11	groups	group	NOUN
iiclr-17591	1505	12	in	in	ADP
iiclr-17591	1505	13	europe	europe	PROPN
iiclr-17591	1505	14	,	,	PUNCT
iiclr-17591	1505	15	was	be	AUX
iiclr-17591	1505	16	shown	show	VERB
iiclr-17591	1505	17	as	as	ADP
iiclr-17591	1505	18	having	have	VERB
iiclr-17591	1505	19	its	its	PRON
iiclr-17591	1505	20	largest	large	ADJ
iiclr-17591	1505	21	shareholders	shareholder	NOUN
iiclr-17591	1505	22	at	at	ADP
iiclr-17591	1505	23	5.96	5.96	NUM
iiclr-17591	1505	24	%	%	NOUN
iiclr-17591	1505	25	,	,	PUNCT
iiclr-17591	1505	26	but	but	CCONJ
iiclr-17591	1505	27	this	this	DET
iiclr-17591	1505	28	number	number	NOUN
iiclr-17591	1505	29	was	be	AUX
iiclr-17591	1505	30	later	later	ADV
iiclr-17591	1505	31	corrected	correct	VERB
iiclr-17591	1505	32	to	to	ADP
iiclr-17591	1505	33	more	more	ADJ
iiclr-17591	1505	34	than	than	ADP
iiclr-17591	1505	35	12	12	NUM
iiclr-17591	1505	36	%	%	NOUN
iiclr-17591	1505	37	due	due	ADP
iiclr-17591	1505	38	to	to	ADP
iiclr-17591	1505	39	a	a	DET
iiclr-17591	1505	40	calculation	calculation	NOUN
iiclr-17591	1505	41	which	which	PRON
iiclr-17591	1505	42	included	include	VERB
iiclr-17591	1505	43	shares	share	NOUN
iiclr-17591	1505	44	temporarily	temporarily	ADV
iiclr-17591	1505	45	issued	issue	VERB
iiclr-17591	1505	46	to	to	PART
iiclr-17591	1505	47	mediobanca	mediobanca	VERB
iiclr-17591	1505	48	s.p.a	s.p.a	PROPN
iiclr-17591	1505	49	.	.	PUNCT
iiclr-17591	1505	50	and	and	CCONJ
iiclr-17591	1505	51	not	not	PART
iiclr-17591	1505	52	yet	yet	ADV
iiclr-17591	1505	53	claimed	claim	VERB
iiclr-17591	1505	54	by	by	ADP
iiclr-17591	1505	55	the	the	DET
iiclr-17591	1505	56	holders	holder	NOUN
iiclr-17591	1505	57	of	of	ADP
iiclr-17591	1505	58	long	long	ADJ
iiclr-17591	1505	59	-	-	PUNCT
iiclr-17591	1505	60	term	term	NOUN
iiclr-17591	1505	61	warrants	warrant	NOUN
iiclr-17591	1505	62	.	.	PUNCT
iiclr-17591	1506	1	1995	1995	NUM
iiclr-17591	1506	2	]	]	X
iiclr-17591	1506	3	ind	ind	NOUN
iiclr-17591	1506	4	.	.	PUNCT
iiclr-17591	1507	1	int'l	int'l	PROPN
iiclr-17591	1507	2	&	&	CCONJ
iiclr-17591	1507	3	comp	comp	PROPN
iiclr-17591	1507	4	.	.	PUNCT
iiclr-17591	1508	1	l	l	PROPN
iiclr-17591	1508	2	rev	rev	PROPN
iiclr-17591	1508	3	.	.	PROPN
iiclr-17591	1508	4	syndicated	syndicate	VERB
iiclr-17591	1508	5	with	with	ADP
iiclr-17591	1508	6	others	other	NOUN
iiclr-17591	1508	7	,	,	PUNCT
iiclr-17591	1508	8	dominated	dominate	VERB
iiclr-17591	1508	9	the	the	DET
iiclr-17591	1508	10	company	company	NOUN
iiclr-17591	1508	11	with	with	ADP
iiclr-17591	1508	12	a	a	DET
iiclr-17591	1508	13	holding	holding	NOUN
iiclr-17591	1508	14	ranging	range	VERB
iiclr-17591	1508	15	between	between	ADP
iiclr-17591	1508	16	31.01	31.01	NUM
iiclr-17591	1508	17	and	and	CCONJ
iiclr-17591	1508	18	66.40	66.40	NUM
iiclr-17591	1508	19	%	%	NOUN
iiclr-17591	1508	20	;	;	PUNCT
iiclr-17591	1508	21	fifteen	fifteen	NUM
iiclr-17591	1508	22	had	have	VERB
iiclr-17591	1508	23	a	a	DET
iiclr-17591	1508	24	stable	stable	ADJ
iiclr-17591	1508	25	controlling	controlling	NOUN
iiclr-17591	1508	26	syndicate	syndicate	NOUN
iiclr-17591	1508	27	ranging	range	VERB
iiclr-17591	1508	28	between	between	ADP
iiclr-17591	1508	29	50.00	50.00	NUM
iiclr-17591	1508	30	and	and	CCONJ
iiclr-17591	1508	31	63.99	63.99	NUM
iiclr-17591	1508	32	%	%	NOUN
iiclr-17591	1508	33	.	.	PUNCT
iiclr-17591	1509	1	the	the	DET
iiclr-17591	1509	2	remaining	remain	VERB
iiclr-17591	1509	3	listed	list	VERB
iiclr-17591	1509	4	companies	company	NOUN
iiclr-17591	1509	5	,	,	PUNCT
iiclr-17591	1509	6	i.e.	i.e.	X
iiclr-17591	1509	7	,	,	PUNCT
iiclr-17591	1509	8	around	around	ADP
iiclr-17591	1509	9	150	150	NUM
iiclr-17591	1509	10	,	,	PUNCT
iiclr-17591	1509	11	had	have	VERB
iiclr-17591	1509	12	a	a	DET
iiclr-17591	1509	13	shareholder	shareholder	NOUN
iiclr-17591	1509	14	having	have	VERB
iiclr-17591	1509	15	more	more	ADJ
iiclr-17591	1509	16	than	than	ADP
iiclr-17591	1509	17	the	the	DET
iiclr-17591	1509	18	absolute	absolute	ADJ
iiclr-17591	1509	19	majority.17	majority.17	ADJ
iiclr-17591	1509	20	things	thing	NOUN
iiclr-17591	1509	21	have	have	AUX
iiclr-17591	1509	22	changed	change	VERB
iiclr-17591	1509	23	slightly	slightly	ADV
iiclr-17591	1509	24	since	since	SCONJ
iiclr-17591	1509	25	then	then	ADV
iiclr-17591	1509	26	,	,	PUNCT
iiclr-17591	1509	27	in	in	ADP
iiclr-17591	1509	28	some	some	DET
iiclr-17591	1509	29	case	case	NOUN
iiclr-17591	1509	30	significantly	significantly	ADV
iiclr-17591	1509	31	,	,	PUNCT
iiclr-17591	1509	32	but	but	CCONJ
iiclr-17591	1509	33	the	the	DET
iiclr-17591	1509	34	overall	overall	ADJ
iiclr-17591	1509	35	ownership	ownership	NOUN
iiclr-17591	1509	36	pattern	pattern	NOUN
iiclr-17591	1509	37	still	still	ADV
iiclr-17591	1509	38	shows	show	VERB
iiclr-17591	1509	39	a	a	DET
iiclr-17591	1509	40	very	very	ADV
iiclr-17591	1509	41	high	high	ADJ
iiclr-17591	1509	42	concentration	concentration	NOUN
iiclr-17591	1509	43	.	.	PUNCT
iiclr-17591	1510	1	more	more	ADV
iiclr-17591	1510	2	importantly	importantly	ADV
iiclr-17591	1510	3	,	,	PUNCT
iiclr-17591	1510	4	both	both	CCONJ
iiclr-17591	1510	5	data	datum	NOUN
iiclr-17591	1510	6	and	and	CCONJ
iiclr-17591	1510	7	day	day	NOUN
iiclr-17591	1510	8	-	-	PUNCT
iiclr-17591	1510	9	to	to	ADP
iiclr-17591	1510	10	-	-	PUNCT
iiclr-17591	1510	11	day	day	NOUN
iiclr-17591	1510	12	experience	experience	NOUN
iiclr-17591	1510	13	show	show	VERB
iiclr-17591	1510	14	that	that	SCONJ
iiclr-17591	1510	15	most	most	ADV
iiclr-17591	1510	16	dominant	dominant	ADJ
iiclr-17591	1510	17	or	or	CCONJ
iiclr-17591	1510	18	controlling	control	VERB
iiclr-17591	1510	19	shareholders	shareholder	NOUN
iiclr-17591	1510	20	of	of	ADP
iiclr-17591	1510	21	listed	list	VERB
iiclr-17591	1510	22	companies	company	NOUN
iiclr-17591	1510	23	have	have	AUX
iiclr-17591	1510	24	traditionally	traditionally	ADV
iiclr-17591	1510	25	been	be	AUX
iiclr-17591	1510	26	directly	directly	ADV
iiclr-17591	1510	27	involved	involve	VERB
iiclr-17591	1510	28	in	in	ADP
iiclr-17591	1510	29	the	the	DET
iiclr-17591	1510	30	management	management	NOUN
iiclr-17591	1510	31	of	of	ADP
iiclr-17591	1510	32	the	the	DET
iiclr-17591	1510	33	company	company	NOUN
iiclr-17591	1510	34	for	for	ADP
iiclr-17591	1510	35	a	a	DET
iiclr-17591	1510	36	long	long	ADJ
iiclr-17591	1510	37	time	time	NOUN
iiclr-17591	1510	38	.	.	PUNCT
iiclr-17591	1511	1	families	family	NOUN
iiclr-17591	1511	2	of	of	ADP
iiclr-17591	1511	3	the	the	DET
iiclr-17591	1511	4	founders	founder	NOUN
iiclr-17591	1511	5	or	or	CCONJ
iiclr-17591	1511	6	strong	strong	ADJ
iiclr-17591	1511	7	individuals	individual	NOUN
iiclr-17591	1511	8	control	control	VERB
iiclr-17591	1511	9	each	each	DET
iiclr-17591	1511	10	company	company	NOUN
iiclr-17591	1511	11	,	,	PUNCT
iiclr-17591	1511	12	either	either	CCONJ
iiclr-17591	1511	13	by	by	ADP
iiclr-17591	1511	14	themselves	themselves	PRON
iiclr-17591	1511	15	or	or	CCONJ
iiclr-17591	1511	16	jointly	jointly	ADV
iiclr-17591	1511	17	with	with	ADP
iiclr-17591	1511	18	other	other	ADJ
iiclr-17591	1511	19	large	large	ADJ
iiclr-17591	1511	20	shareholders	shareholder	NOUN
iiclr-17591	1511	21	.	.	PUNCT
iiclr-17591	1512	1	this	this	PRON
iiclr-17591	1512	2	is	be	AUX
iiclr-17591	1512	3	all	all	DET
iiclr-17591	1512	4	the	the	PRON
iiclr-17591	1512	5	more	more	ADV
iiclr-17591	1512	6	true	true	ADJ
iiclr-17591	1512	7	for	for	ADP
iiclr-17591	1512	8	unlisted	unlisted	ADJ
iiclr-17591	1512	9	companies	company	NOUN
iiclr-17591	1512	10	,	,	PUNCT
iiclr-17591	1512	11	due	due	ADP
iiclr-17591	1512	12	to	to	ADP
iiclr-17591	1512	13	the	the	DET
iiclr-17591	1512	14	factors	factor	NOUN
iiclr-17591	1512	15	noted	note	VERB
iiclr-17591	1512	16	above	above	ADP
iiclr-17591	1512	17	(	(	PUNCT
iiclr-17591	1512	18	iv.d	iv.d	ADJ
iiclr-17591	1512	19	)	)	PUNCT
iiclr-17591	1512	20	.	.	PUNCT
iiclr-17591	1513	1	the	the	DET
iiclr-17591	1513	2	remaining	remain	VERB
iiclr-17591	1513	3	members	member	NOUN
iiclr-17591	1513	4	of	of	ADP
iiclr-17591	1513	5	the	the	DET
iiclr-17591	1513	6	controlling	control	VERB
iiclr-17591	1513	7	group	group	NOUN
iiclr-17591	1513	8	,	,	PUNCT
iiclr-17591	1513	9	in	in	ADP
iiclr-17591	1513	10	turn	turn	NOUN
iiclr-17591	1513	11	,	,	PUNCT
iiclr-17591	1513	12	are	be	AUX
iiclr-17591	1513	13	normally	normally	ADV
iiclr-17591	1513	14	large	large	ADJ
iiclr-17591	1513	15	or	or	CCONJ
iiclr-17591	1513	16	controlling	control	VERB
iiclr-17591	1513	17	shareholders	shareholder	NOUN
iiclr-17591	1513	18	of	of	ADP
iiclr-17591	1513	19	other	other	ADJ
iiclr-17591	1513	20	companies	company	NOUN
iiclr-17591	1513	21	and	and	CCONJ
iiclr-17591	1513	22	are	be	AUX
iiclr-17591	1513	23	sometimes	sometimes	ADV
iiclr-17591	1513	24	involved	involve	VERB
iiclr-17591	1513	25	in	in	ADP
iiclr-17591	1513	26	related	related	ADJ
iiclr-17591	1513	27	industries	industry	NOUN
iiclr-17591	1513	28	.	.	PUNCT
iiclr-17591	1514	1	shared	share	VERB
iiclr-17591	1514	2	control	control	NOUN
iiclr-17591	1514	3	and	and	CCONJ
iiclr-17591	1514	4	minority	minority	NOUN
iiclr-17591	1514	5	holdings	holding	NOUN
iiclr-17591	1514	6	,	,	PUNCT
iiclr-17591	1514	7	when	when	SCONJ
iiclr-17591	1514	8	significant	significant	ADJ
iiclr-17591	1514	9	and	and	CCONJ
iiclr-17591	1514	10	part	part	NOUN
iiclr-17591	1514	11	of	of	ADP
iiclr-17591	1514	12	a	a	DET
iiclr-17591	1514	13	broader	broad	ADJ
iiclr-17591	1514	14	agreement	agreement	NOUN
iiclr-17591	1514	15	,	,	PUNCT
iiclr-17591	1514	16	tend	tend	VERB
iiclr-17591	1514	17	to	to	PART
iiclr-17591	1514	18	form	form	VERB
iiclr-17591	1514	19	webs	webs	NOUN
iiclr-17591	1514	20	of	of	ADP
iiclr-17591	1514	21	stable	stable	ADJ
iiclr-17591	1514	22	interfirm	interfirm	NOUN
iiclr-17591	1514	23	relationships	relationship	NOUN
iiclr-17591	1514	24	.	.	PUNCT
iiclr-17591	1515	1	such	such	ADJ
iiclr-17591	1515	2	relationships	relationship	NOUN
iiclr-17591	1515	3	,	,	PUNCT
iiclr-17591	1515	4	however	however	ADV
iiclr-17591	1515	5	,	,	PUNCT
iiclr-17591	1515	6	remain	remain	VERB
iiclr-17591	1515	7	mostly	mostly	ADV
iiclr-17591	1515	8	one	one	NUM
iiclr-17591	1515	9	-	-	PUNCT
iiclr-17591	1515	10	directional	directional	ADJ
iiclr-17591	1515	11	:	:	PUNCT
iiclr-17591	1515	12	'	'	NUM
iiclr-17591	1515	13	79	79	NUM
iiclr-17591	1515	14	the	the	DET
iiclr-17591	1515	15	law	law	NOUN
iiclr-17591	1515	16	confines	confine	NOUN
iiclr-17591	1515	17	cross	cross	NOUN
iiclr-17591	1515	18	-	-	NOUN
iiclr-17591	1515	19	ownership	ownership	NOUN
iiclr-17591	1515	20	to	to	ADP
iiclr-17591	1515	21	small	small	ADJ
iiclr-17591	1515	22	percentages	percentage	NOUN
iiclr-17591	1515	23	of	of	ADP
iiclr-17591	1515	24	the	the	DET
iiclr-17591	1515	25	capital	capital	NOUN
iiclr-17591	1515	26	,	,	PUNCT
iiclr-17591	1515	27	and	and	CCONJ
iiclr-17591	1515	28	circular	circular	ADJ
iiclr-17591	1515	29	ownership	ownership	NOUN
iiclr-17591	1515	30	,	,	PUNCT
iiclr-17591	1515	31	although	although	SCONJ
iiclr-17591	1515	32	not	not	PART
iiclr-17591	1515	33	expressly	expressly	ADV
iiclr-17591	1515	34	prohibited	prohibit	VERB
iiclr-17591	1515	35	,	,	PUNCT
iiclr-17591	1515	36	faces	face	VERB
iiclr-17591	1515	37	some	some	DET
iiclr-17591	1515	38	obstacles.8	obstacles.8	ADJ
iiclr-17591	1515	39	0	0	NUM
iiclr-17591	1515	40	178	178	NUM
iiclr-17591	1515	41	.	.	PUNCT
iiclr-17591	1516	1	comunicazione	comunicazione	NOUN
iiclr-17591	1516	2	consob	consob	NOUN
iiclr-17591	1516	3	no	no	NOUN
iiclr-17591	1516	4	.	.	NOUN
iiclr-17591	1516	5	92005380	92005380	NUM
iiclr-17591	1516	6	,	,	PUNCT
iiclr-17591	1516	7	in	in	ADP
iiclr-17591	1516	8	gazztra	gazztra	PROPN
iiclr-17591	1516	9	uffciale	uffciale	PROPN
iiclr-17591	1516	10	,	,	PUNCT
iiclr-17591	1516	11	aug	aug	PROPN
iiclr-17591	1516	12	.	.	PROPN
iiclr-17591	1516	13	3	3	NUM
iiclr-17591	1516	14	,	,	PUNCT
iiclr-17591	1516	15	1992	1992	NUM
iiclr-17591	1516	16	,	,	PUNCT
iiclr-17591	1516	17	no	no	INTJ
iiclr-17591	1516	18	.	.	NOUN
iiclr-17591	1517	1	181	181	NUM
iiclr-17591	1517	2	.	.	NOUN
iiclr-17591	1517	3	1	1	NUM
iiclr-17591	1517	4	have	have	AUX
iiclr-17591	1517	5	neglected	neglect	VERB
iiclr-17591	1517	6	data	datum	NOUN
iiclr-17591	1517	7	on	on	ADP
iiclr-17591	1517	8	the	the	DET
iiclr-17591	1517	9	"	"	PUNCT
iiclr-17591	1517	10	mercato	mercato	ADJ
iiclr-17591	1517	11	ristretto	ristretto	NOUN
iiclr-17591	1517	12	,	,	PUNCT
iiclr-17591	1517	13	"	"	PUNCT
iiclr-17591	1517	14	regarding	regard	VERB
iiclr-17591	1517	15	them	they	PRON
iiclr-17591	1517	16	as	as	ADP
iiclr-17591	1517	17	without	without	ADP
iiclr-17591	1517	18	great	great	ADJ
iiclr-17591	1517	19	significance	significance	NOUN
iiclr-17591	1517	20	.	.	PUNCT
iiclr-17591	1518	1	apart	apart	ADV
iiclr-17591	1518	2	from	from	ADP
iiclr-17591	1518	3	the	the	DET
iiclr-17591	1518	4	banchepopolari	banchepopolari	NOUN
iiclr-17591	1518	5	(	(	PUNCT
iiclr-17591	1518	6	supra	supra	PROPN
iiclr-17591	1518	7	notes	note	VERB
iiclr-17591	1518	8	155	155	NUM
iiclr-17591	1518	9	-	-	SYM
iiclr-17591	1518	10	156	156	NUM
iiclr-17591	1518	11	)	)	PUNCT
iiclr-17591	1518	12	,	,	PUNCT
iiclr-17591	1518	13	such	such	ADJ
iiclr-17591	1518	14	data	datum	NOUN
iiclr-17591	1518	15	showed	show	VERB
iiclr-17591	1518	16	an	an	DET
iiclr-17591	1518	17	even	even	ADV
iiclr-17591	1518	18	higher	high	ADJ
iiclr-17591	1518	19	ownership	ownership	NOUN
iiclr-17591	1518	20	concentration	concentration	NOUN
iiclr-17591	1518	21	.	.	PUNCT
iiclr-17591	1519	1	179	179	NUM
iiclr-17591	1519	2	.	.	PUNCT
iiclr-17591	1520	1	also	also	ADV
iiclr-17591	1520	2	for	for	ADP
iiclr-17591	1520	3	this	this	DET
iiclr-17591	1520	4	reason	reason	NOUN
iiclr-17591	1520	5	,	,	PUNCT
iiclr-17591	1520	6	interfirm	interfirm	PROPN
iiclr-17591	1520	7	ownership	ownership	NOUN
iiclr-17591	1520	8	seems	seem	VERB
iiclr-17591	1520	9	to	to	PART
iiclr-17591	1520	10	have	have	VERB
iiclr-17591	1520	11	little	little	ADJ
iiclr-17591	1520	12	to	to	PART
iiclr-17591	1520	13	do	do	VERB
iiclr-17591	1520	14	with	with	ADP
iiclr-17591	1520	15	the	the	DET
iiclr-17591	1520	16	type	type	NOUN
iiclr-17591	1520	17	found	find	VERB
iiclr-17591	1520	18	in	in	ADP
iiclr-17591	1520	19	the	the	DET
iiclr-17591	1520	20	japanese	japanese	ADJ
iiclr-17591	1520	21	keiretsu	keiretsu	NOUN
iiclr-17591	1520	22	,	,	PUNCT
iiclr-17591	1520	23	as	as	SCONJ
iiclr-17591	1520	24	described	describe	VERB
iiclr-17591	1520	25	by	by	ADP
iiclr-17591	1520	26	ronald	ronald	PROPN
iiclr-17591	1520	27	j.	j.	PROPN
iiclr-17591	1520	28	gilson	gilson	PROPN
iiclr-17591	1520	29	&	&	CCONJ
iiclr-17591	1520	30	mark	mark	PROPN
iiclr-17591	1520	31	j.	j.	PROPN
iiclr-17591	1520	32	roe	roe	PROPN
iiclr-17591	1520	33	,	,	PUNCT
iiclr-17591	1520	34	understanding	understand	VERB
iiclr-17591	1520	35	the	the	DET
iiclr-17591	1520	36	japanese	japanese	ADJ
iiclr-17591	1520	37	keiretsu	keiretsu	NOUN
iiclr-17591	1520	38	:	:	PUNCT
iiclr-17591	1520	39	overlaps	overlap	VERB
iiclr-17591	1520	40	between	between	ADP
iiclr-17591	1520	41	corporate	corporate	ADJ
iiclr-17591	1520	42	governance	governance	NOUN
iiclr-17591	1520	43	and	and	CCONJ
iiclr-17591	1520	44	industrial	industrial	ADJ
iiclr-17591	1520	45	organization	organization	NOUN
iiclr-17591	1520	46	,	,	PUNCT
iiclr-17591	1520	47	102	102	NUM
iiclr-17591	1520	48	yale	yale	PROPN
iiclr-17591	1520	49	l.j	l.j	PROPN
iiclr-17591	1520	50	.	.	PROPN
iiclr-17591	1520	51	871	871	NUM
iiclr-17591	1520	52	(	(	PUNCT
iiclr-17591	1520	53	1993	1993	NUM
iiclr-17591	1520	54	)	)	PUNCT
iiclr-17591	1520	55	.	.	PUNCT
iiclr-17591	1521	1	the	the	DET
iiclr-17591	1521	2	effect	effect	NOUN
iiclr-17591	1521	3	of	of	ADP
iiclr-17591	1521	4	shareholders	shareholder	NOUN
iiclr-17591	1521	5	'	'	PART
iiclr-17591	1521	6	associations	association	NOUN
iiclr-17591	1521	7	,	,	PUNCT
iiclr-17591	1521	8	however	however	ADV
iiclr-17591	1521	9	,	,	PUNCT
iiclr-17591	1521	10	may	may	AUX
iiclr-17591	1521	11	be	be	AUX
iiclr-17591	1521	12	similar	similar	ADJ
iiclr-17591	1521	13	.	.	PUNCT
iiclr-17591	1522	1	180	180	NUM
iiclr-17591	1522	2	.	.	PUNCT
iiclr-17591	1523	1	this	this	DET
iiclr-17591	1523	2	conclusion	conclusion	NOUN
iiclr-17591	1523	3	results	result	VERB
iiclr-17591	1523	4	from	from	ADP
iiclr-17591	1523	5	a	a	DET
iiclr-17591	1523	6	simultaneous	simultaneous	ADJ
iiclr-17591	1523	7	reading	reading	NOUN
iiclr-17591	1523	8	of	of	ADP
iiclr-17591	1523	9	a	a	DET
iiclr-17591	1523	10	fairly	fairly	ADV
iiclr-17591	1523	11	intricate	intricate	ADJ
iiclr-17591	1523	12	set	set	NOUN
iiclr-17591	1523	13	of	of	ADP
iiclr-17591	1523	14	provisions	provision	NOUN
iiclr-17591	1523	15	.	.	PUNCT
iiclr-17591	1524	1	as	as	ADP
iiclr-17591	1524	2	the	the	DET
iiclr-17591	1524	3	genial	genial	ADJ
iiclr-17591	1524	4	provisions	provision	NOUN
iiclr-17591	1524	5	,	,	PUNCT
iiclr-17591	1524	6	c.c	c.c	PROPN
iiclr-17591	1524	7	.	.	PROPN
iiclr-17591	1524	8	art	art	NOUN
iiclr-17591	1524	9	.	.	PUNCT
iiclr-17591	1525	1	2360	2360	NUM
iiclr-17591	1525	2	(	(	PUNCT
iiclr-17591	1525	3	italy	italy	PROPN
iiclr-17591	1525	4	)	)	PUNCT
iiclr-17591	1525	5	prohibits	prohibit	VERB
iiclr-17591	1525	6	cross	cross	ADJ
iiclr-17591	1525	7	-	-	ADJ
iiclr-17591	1525	8	issuance	issuance	NOUN
iiclr-17591	1525	9	of	of	ADP
iiclr-17591	1525	10	shares	share	NOUN
iiclr-17591	1525	11	,	,	PUNCT
iiclr-17591	1525	12	and	and	CCONJ
iiclr-17591	1525	13	c.c	c.c	PROPN
iiclr-17591	1525	14	.	.	PROPN
iiclr-17591	1525	15	art	art	NOUN
iiclr-17591	1525	16	.	.	PUNCT
iiclr-17591	1526	1	2359	2359	NUM
iiclr-17591	1526	2	-	-	PUNCT
iiclr-17591	1526	3	bis	bis	X
iiclr-17591	1526	4	(	(	PUNCT
iiclr-17591	1526	5	italy	italy	PROPN
iiclr-17591	1526	6	)	)	PUNCT
iiclr-17591	1526	7	,	,	PUNCT
iiclr-17591	1526	8	as	as	SCONJ
iiclr-17591	1526	9	amended	amend	VERB
iiclr-17591	1526	10	by	by	ADP
iiclr-17591	1526	11	legislative	legislative	ADJ
iiclr-17591	1526	12	decree	decree	NOUN
iiclr-17591	1526	13	of	of	ADP
iiclr-17591	1526	14	may	may	PROPN
iiclr-17591	1526	15	2	2	NUM
iiclr-17591	1526	16	,	,	PUNCT
iiclr-17591	1526	17	1994	1994	NUM
iiclr-17591	1526	18	,	,	PUNCT
iiclr-17591	1526	19	no	no	INTJ
iiclr-17591	1526	20	.	.	NOUN
iiclr-17591	1526	21	315	315	NUM
iiclr-17591	1526	22	,	,	PUNCT
iiclr-17591	1526	23	limits	limit	VERB
iiclr-17591	1526	24	to	to	ADP
iiclr-17591	1526	25	10	10	NUM
iiclr-17591	1526	26	percent	percent	NOUN
iiclr-17591	1526	27	the	the	DET
iiclr-17591	1526	28	capital	capital	NOUN
iiclr-17591	1526	29	of	of	ADP
iiclr-17591	1526	30	the	the	DET
iiclr-17591	1526	31	parent	parent	NOUN
iiclr-17591	1526	32	company	company	NOUN
iiclr-17591	1526	33	that	that	PRON
iiclr-17591	1526	34	all	all	DET
iiclr-17591	1526	35	the	the	DET
iiclr-17591	1526	36	subsidiaries	subsidiary	NOUN
iiclr-17591	1526	37	together	together	ADV
iiclr-17591	1526	38	can	can	AUX
iiclr-17591	1526	39	own	own	VERB
iiclr-17591	1526	40	and	and	CCONJ
iiclr-17591	1526	41	requires	require	VERB
iiclr-17591	1526	42	that	that	SCONJ
iiclr-17591	1526	43	the	the	DET
iiclr-17591	1526	44	purchases	purchase	NOUN
iiclr-17591	1526	45	be	be	AUX
iiclr-17591	1526	46	made	make	VERB
iiclr-17591	1526	47	only	only	ADV
iiclr-17591	1526	48	with	with	ADP
iiclr-17591	1526	49	earned	earn	VERB
iiclr-17591	1526	50	surplus	surplus	NOUN
iiclr-17591	1526	51	.	.	PUNCT
iiclr-17591	1527	1	this	this	DET
iiclr-17591	1527	2	provision	provision	NOUN
iiclr-17591	1527	3	is	be	AUX
iiclr-17591	1527	4	complemented	complement	VERB
iiclr-17591	1527	5	for	for	ADP
iiclr-17591	1527	6	listed	list	VERB
iiclr-17591	1527	7	companies	company	NOUN
iiclr-17591	1527	8	by	by	ADP
iiclr-17591	1527	9	art	art	NOUN
iiclr-17591	1527	10	.	.	PUNCT
iiclr-17591	1528	1	5(8	5(8	X
iiclr-17591	1528	2	)	)	PUNCT
iiclr-17591	1528	3	law	law	NOUN
iiclr-17591	1528	4	of	of	ADP
iiclr-17591	1528	5	june	june	PROPN
iiclr-17591	1528	6	7	7	NUM
iiclr-17591	1528	7	,	,	PUNCT
iiclr-17591	1528	8	1974	1974	NUM
iiclr-17591	1528	9	,	,	PUNCT
iiclr-17591	1528	10	no	no	INTJ
iiclr-17591	1528	11	.	.	NOUN
iiclr-17591	1528	12	216	216	NUM
iiclr-17591	1528	13	,	,	PUNCT
iiclr-17591	1528	14	which	which	PRON
iiclr-17591	1528	15	limits	limit	VERB
iiclr-17591	1528	16	direct	direct	ADJ
iiclr-17591	1528	17	or	or	CCONJ
iiclr-17591	1528	18	indirect	indirect	ADJ
iiclr-17591	1528	19	cross	cross	NOUN
iiclr-17591	1528	20	-	-	NOUN
iiclr-17591	1528	21	ownership	ownership	NOUN
iiclr-17591	1528	22	(	(	PUNCT
iiclr-17591	1528	23	other	other	ADJ
iiclr-17591	1528	24	than	than	ADP
iiclr-17591	1528	25	between	between	ADP
iiclr-17591	1528	26	parent	parent	NOUN
iiclr-17591	1528	27	and	and	CCONJ
iiclr-17591	1528	28	subsidiaries	subsidiary	NOUN
iiclr-17591	1528	29	)	)	PUNCT
iiclr-17591	1528	30	to	to	ADP
iiclr-17591	1528	31	two	two	NUM
iiclr-17591	1528	32	percent	percent	NOUN
iiclr-17591	1528	33	of	of	ADP
iiclr-17591	1528	34	the	the	DET
iiclr-17591	1528	35	voting	voting	NOUN
iiclr-17591	1528	36	capital	capital	NOUN
iiclr-17591	1528	37	(	(	PUNCT
iiclr-17591	1528	38	ten	ten	NUM
iiclr-17591	1528	39	percent	percent	NOUN
iiclr-17591	1528	40	between	between	ADP
iiclr-17591	1528	41	a	a	DET
iiclr-17591	1528	42	listed	list	VERB
iiclr-17591	1528	43	company	company	NOUN
iiclr-17591	1528	44	and	and	CCONJ
iiclr-17591	1528	45	an	an	DET
iiclr-17591	1528	46	unlisted	unlisted	ADJ
iiclr-17591	1528	47	one	one	NUM
iiclr-17591	1528	48	)	)	PUNCT
iiclr-17591	1528	49	.	.	PUNCT
iiclr-17591	1529	1	other	other	ADJ
iiclr-17591	1529	2	important	important	ADJ
iiclr-17591	1529	3	prohibitions	prohibition	NOUN
iiclr-17591	1529	4	are	be	AUX
iiclr-17591	1529	5	also	also	ADV
iiclr-17591	1529	6	included	include	VERB
iiclr-17591	1529	7	in	in	ADP
iiclr-17591	1529	8	art	art	NOUN
iiclr-17591	1529	9	.	.	PUNCT
iiclr-17591	1530	1	5	5	NUM
iiclr-17591	1530	2	,	,	PUNCT
iiclr-17591	1530	3	law	law	NOUN
iiclr-17591	1530	4	216/1974	216/1974	NUM
iiclr-17591	1530	5	(	(	PUNCT
iiclr-17591	1530	6	e.g.	e.g.	ADV
iiclr-17591	1530	7	,	,	PUNCT
iiclr-17591	1530	8	the	the	DET
iiclr-17591	1530	9	equivalence	equivalence	NOUN
iiclr-17591	1530	10	between	between	ADP
iiclr-17591	1530	11	ownership	ownership	NOUN
iiclr-17591	1530	12	and	and	CCONJ
iiclr-17591	1530	13	discretionary	discretionary	ADJ
iiclr-17591	1530	14	power	power	NOUN
iiclr-17591	1530	15	to	to	PART
iiclr-17591	1530	16	vote	vote	VERB
iiclr-17591	1530	17	in	in	ADP
iiclr-17591	1530	18	computing	compute	VERB
iiclr-17591	1530	19	cross	cross	ADJ
iiclr-17591	1530	20	-	-	ADJ
iiclr-17591	1530	21	ownership	ownership	ADJ
iiclr-17591	1530	22	percentages	percentage	NOUN
iiclr-17591	1530	23	:	:	PUNCT
iiclr-17591	1530	24	for	for	ADP
iiclr-17591	1530	25	example	example	NOUN
iiclr-17591	1530	26	,	,	PUNCT
iiclr-17591	1530	27	a	a	DET
iiclr-17591	1530	28	bank	bank	NOUN
iiclr-17591	1530	29	that	that	PRON
iiclr-17591	1530	30	has	have	VERB
iiclr-17591	1530	31	the	the	DET
iiclr-17591	1530	32	power	power	NOUN
iiclr-17591	1530	33	to	to	PART
iiclr-17591	1530	34	vote	vote	VERB
iiclr-17591	1530	35	its	its	PRON
iiclr-17591	1530	36	clients	client	NOUN
iiclr-17591	1530	37	'	'	PART
iiclr-17591	1530	38	shares	share	NOUN
iiclr-17591	1530	39	can	can	AUX
iiclr-17591	1530	40	not	not	PART
iiclr-17591	1530	41	use	use	VERB
iiclr-17591	1530	42	such	such	ADJ
iiclr-17591	1530	43	power	power	NOUN
iiclr-17591	1530	44	to	to	PART
iiclr-17591	1530	45	force	force	VERB
iiclr-17591	1530	46	another	another	DET
iiclr-17591	1530	47	company	company	NOUN
iiclr-17591	1530	48	to	to	PART
iiclr-17591	1530	49	purchase	purchase	VERB
iiclr-17591	1530	50	its	its	PRON
iiclr-17591	1530	51	own	own	ADJ
iiclr-17591	1530	52	shares	share	NOUN
iiclr-17591	1530	53	)	)	PUNCT
iiclr-17591	1530	54	.	.	PUNCT
iiclr-17591	1531	1	[	[	X
iiclr-17591	1531	2	vol	vol	NOUN
iiclr-17591	1531	3	.	.	PUNCT
iiclr-17591	1532	1	6:1	6:1	NUM
iiclr-17591	1532	2	corporate	corporate	ADJ
iiclr-17591	1532	3	governance	governance	NOUN
iiclr-17591	1532	4	in	in	ADP
iiclr-17591	1532	5	italy	italy	PROPN
iiclr-17591	1532	6	institutional	institutional	ADJ
iiclr-17591	1532	7	investors	investor	NOUN
iiclr-17591	1532	8	have	have	AUX
iiclr-17591	1532	9	so	so	ADV
iiclr-17591	1532	10	far	far	ADV
iiclr-17591	1532	11	been	be	AUX
iiclr-17591	1532	12	the	the	DET
iiclr-17591	1532	13	great	great	ADJ
iiclr-17591	1532	14	absentee	absentee	NOUN
iiclr-17591	1532	15	in	in	ADP
iiclr-17591	1532	16	the	the	DET
iiclr-17591	1532	17	italian	italian	ADJ
iiclr-17591	1532	18	stock	stock	NOUN
iiclr-17591	1532	19	market	market	NOUN
iiclr-17591	1532	20	.	.	PUNCT
iiclr-17591	1533	1	the	the	DET
iiclr-17591	1533	2	global	global	ADJ
iiclr-17591	1533	3	size	size	NOUN
iiclr-17591	1533	4	of	of	ADP
iiclr-17591	1533	5	their	their	PRON
iiclr-17591	1533	6	investment	investment	NOUN
iiclr-17591	1533	7	is	be	AUX
iiclr-17591	1533	8	relatively	relatively	ADV
iiclr-17591	1533	9	small	small	ADJ
iiclr-17591	1533	10	,	,	PUNCT
iiclr-17591	1533	11	'	'	PUNCT
iiclr-17591	1533	12	and	and	CCONJ
iiclr-17591	1533	13	the	the	DET
iiclr-17591	1533	14	portion	portion	NOUN
iiclr-17591	1533	15	of	of	ADP
iiclr-17591	1533	16	such	such	ADJ
iiclr-17591	1533	17	investment	investment	NOUN
iiclr-17591	1533	18	represented	represent	VERB
iiclr-17591	1533	19	by	by	ADP
iiclr-17591	1533	20	stock	stock	NOUN
iiclr-17591	1533	21	is	be	AUX
iiclr-17591	1533	22	even	even	ADV
iiclr-17591	1533	23	smaller	small	ADJ
iiclr-17591	1533	24	.	.	PUNCT
iiclr-17591	1533	25	'	'	PUNCT
iiclr-17591	1534	1	2	2	NUM
iiclr-17591	1534	2	some	some	DET
iiclr-17591	1534	3	financial	financial	ADJ
iiclr-17591	1534	4	institutions	institution	NOUN
iiclr-17591	1534	5	(	(	PUNCT
iiclr-17591	1534	6	banks	bank	NOUN
iiclr-17591	1534	7	and	and	CCONJ
iiclr-17591	1534	8	insurance	insurance	NOUN
iiclr-17591	1534	9	companies	company	NOUN
iiclr-17591	1534	10	)	)	PUNCT
iiclr-17591	1534	11	are	be	AUX
iiclr-17591	1534	12	very	very	ADV
iiclr-17591	1534	13	large	large	ADJ
iiclr-17591	1534	14	,	,	PUNCT
iiclr-17591	1534	15	but	but	CCONJ
iiclr-17591	1534	16	their	their	PRON
iiclr-17591	1534	17	ability	ability	NOUN
iiclr-17591	1534	18	to	to	PART
iiclr-17591	1534	19	invest	invest	VERB
iiclr-17591	1534	20	in	in	ADP
iiclr-17591	1534	21	stock	stock	NOUN
iiclr-17591	1534	22	issued	issue	VERB
iiclr-17591	1534	23	by	by	ADP
iiclr-17591	1534	24	non	non	ADJ
iiclr-17591	1534	25	-	-	ADJ
iiclr-17591	1534	26	financial	financial	ADJ
iiclr-17591	1534	27	firms	firm	NOUN
iiclr-17591	1534	28	is	be	AUX
iiclr-17591	1534	29	limited	limit	VERB
iiclr-17591	1534	30	,	,	PUNCT
iiclr-17591	1534	31	and	and	CCONJ
iiclr-17591	1534	32	it	it	PRON
iiclr-17591	1534	33	was	be	AUX
iiclr-17591	1534	34	even	even	ADV
iiclr-17591	1534	35	more	more	ADV
iiclr-17591	1534	36	so	so	ADV
iiclr-17591	1534	37	until	until	ADP
iiclr-17591	1534	38	two	two	NUM
iiclr-17591	1534	39	years	year	NOUN
iiclr-17591	1534	40	ago	ago	ADV
iiclr-17591	1534	41	.	.	PUNCT
iiclr-17591	1534	42	"	"	PUNCT
iiclr-17591	1535	1	3	3	NUM
iiclr-17591	1535	2	other	other	ADJ
iiclr-17591	1535	3	financial	financial	ADJ
iiclr-17591	1535	4	institutions	institution	NOUN
iiclr-17591	1535	5	are	be	AUX
iiclr-17591	1535	6	able	able	ADJ
iiclr-17591	1535	7	to	to	PART
iiclr-17591	1535	8	invest	invest	VERB
iiclr-17591	1535	9	in	in	ADP
iiclr-17591	1535	10	181	181	NUM
iiclr-17591	1535	11	.	.	PUNCT
iiclr-17591	1536	1	the	the	DET
iiclr-17591	1536	2	percentages	percentage	NOUN
iiclr-17591	1536	3	of	of	ADP
iiclr-17591	1536	4	financial	financial	ADJ
iiclr-17591	1536	5	activities	activity	NOUN
iiclr-17591	1536	6	committed	commit	VERB
iiclr-17591	1536	7	to	to	ADP
iiclr-17591	1536	8	institutional	institutional	ADJ
iiclr-17591	1536	9	investors	investor	NOUN
iiclr-17591	1536	10	by	by	ADP
iiclr-17591	1536	11	households	household	NOUN
iiclr-17591	1536	12	in	in	ADP
iiclr-17591	1536	13	some	some	DET
iiclr-17591	1536	14	industrialized	industrialize	VERB
iiclr-17591	1536	15	countries	country	NOUN
iiclr-17591	1536	16	were	be	AUX
iiclr-17591	1536	17	in	in	ADP
iiclr-17591	1536	18	recent	recent	ADJ
iiclr-17591	1536	19	years	year	NOUN
iiclr-17591	1536	20	the	the	DET
iiclr-17591	1536	21	following	following	NOUN
iiclr-17591	1536	22	:	:	PUNCT
iiclr-17591	1536	23	1985	1985	NUM
iiclr-17591	1536	24	1293	1293	NUM
iiclr-17591	1536	25	united	united	PROPN
iiclr-17591	1536	26	states	states	PROPN
iiclr-17591	1536	27	44.3	44.3	NUM
iiclr-17591	1536	28	54.7	54.7	NUM
iiclr-17591	1536	29	britain	britain	PROPN
iiclr-17591	1536	30	25.7	25.7	NUM
iiclr-17591	1536	31	36.8	36.8	NUM
iiclr-17591	1536	32	japan	japan	PROPN
iiclr-17591	1536	33	25.3	25.3	NUM
iiclr-17591	1536	34	34.5	34.5	NUM
iiclr-17591	1536	35	france	france	PROPN
iiclr-17591	1536	36	12.3	12.3	NUM
iiclr-17591	1536	37	27.0	27.0	NUM
iiclr-17591	1536	38	germany	germany	PROPN
iiclr-17591	1536	39	21.6	21.6	NUM
iiclr-17591	1536	40	26.1	26.1	NUM
iiclr-17591	1536	41	italy	italy	PROPN
iiclr-17591	1536	42	4.5	4.5	NUM
iiclr-17591	1536	43	9.6	9.6	NUM
iiclr-17591	1536	44	source	source	NOUN
iiclr-17591	1536	45	:	:	PUNCT
iiclr-17591	1536	46	rapporto	rapporto	PROPN
iiclr-17591	1536	47	irs	irs	PROPN
iiclr-17591	1536	48	sul	sul	PROPN
iiclr-17591	1536	49	mercato	mercato	PROPN
iiclr-17591	1536	50	azionario	azionario	PROPN
iiclr-17591	1536	51	,	,	PUNCT
iiclr-17591	1536	52	supra	supra	PROPN
iiclr-17591	1536	53	note	note	NOUN
iiclr-17591	1536	54	148	148	NUM
iiclr-17591	1536	55	.	.	PUNCT
iiclr-17591	1537	1	almost	almost	ADV
iiclr-17591	1537	2	identical	identical	ADJ
iiclr-17591	1537	3	percentages	percentage	NOUN
iiclr-17591	1537	4	are	be	AUX
iiclr-17591	1537	5	shown	show	VERB
iiclr-17591	1537	6	,	,	PUNCT
iiclr-17591	1537	7	as	as	ADP
iiclr-17591	1537	8	for	for	ADP
iiclr-17591	1537	9	italy	italy	PROPN
iiclr-17591	1537	10	,	,	PUNCT
iiclr-17591	1537	11	in	in	ADP
iiclr-17591	1537	12	survey	survey	NOUN
iiclr-17591	1537	13	of	of	ADP
iiclr-17591	1537	14	italian	italian	ADJ
iiclr-17591	1537	15	banking	banking	NOUN
iiclr-17591	1537	16	and	and	CCONJ
iiclr-17591	1537	17	finance	finance	NOUN
iiclr-17591	1537	18	,	,	PUNCT
iiclr-17591	1537	19	fin	fin	NOUN
iiclr-17591	1537	20	.	.	PUNCT
iiclr-17591	1537	21	times	times	PROPN
iiclr-17591	1537	22	,	,	PUNCT
iiclr-17591	1537	23	nov	nov	PROPN
iiclr-17591	1537	24	.	.	PROPN
iiclr-17591	1537	25	24	24	NUM
iiclr-17591	1537	26	,	,	PUNCT
iiclr-17591	1537	27	1994	1994	NUM
iiclr-17591	1537	28	,	,	PUNCT
iiclr-17591	1537	29	at	at	ADP
iiclr-17591	1537	30	36	36	NUM
iiclr-17591	1537	31	(	(	PUNCT
iiclr-17591	1537	32	high	high	ADJ
iiclr-17591	1537	33	household	household	NOUN
iiclr-17591	1537	34	savings	saving	NOUN
iiclr-17591	1537	35	on	on	ADP
iiclr-17591	1537	36	disposable	disposable	ADJ
iiclr-17591	1537	37	income	income	NOUN
iiclr-17591	1537	38	amount	amount	NOUN
iiclr-17591	1537	39	,	,	PUNCT
iiclr-17591	1537	40	but	but	CCONJ
iiclr-17591	1537	41	only	only	ADV
iiclr-17591	1537	42	9.7	9.7	NUM
iiclr-17591	1537	43	%	%	NOUN
iiclr-17591	1537	44	of	of	ADP
iiclr-17591	1537	45	the	the	DET
iiclr-17591	1537	46	average	average	ADJ
iiclr-17591	1537	47	household	household	NOUN
iiclr-17591	1537	48	's	's	PART
iiclr-17591	1537	49	financial	financial	ADJ
iiclr-17591	1537	50	assets	asset	NOUN
iiclr-17591	1537	51	entrusted	entrust	VERB
iiclr-17591	1537	52	to	to	ADP
iiclr-17591	1537	53	institutional	institutional	ADJ
iiclr-17591	1537	54	investors	investor	NOUN
iiclr-17591	1537	55	)	)	PUNCT
iiclr-17591	1537	56	.	.	PUNCT
iiclr-17591	1538	1	182	182	NUM
iiclr-17591	1538	2	.	.	PUNCT
iiclr-17591	1539	1	as	as	ADP
iiclr-17591	1539	2	of	of	ADP
iiclr-17591	1539	3	december	december	PROPN
iiclr-17591	1539	4	31	31	NUM
iiclr-17591	1539	5	,	,	PUNCT
iiclr-17591	1539	6	1993	1993	NUM
iiclr-17591	1539	7	,	,	PUNCT
iiclr-17591	1539	8	institutional	institutional	ADJ
iiclr-17591	1539	9	investors	investor	NOUN
iiclr-17591	1539	10	allowed	allow	VERB
iiclr-17591	1539	11	to	to	PART
iiclr-17591	1539	12	own	own	VERB
iiclr-17591	1539	13	stock	stock	NOUN
iiclr-17591	1539	14	(	(	PUNCT
iiclr-17591	1539	15	as	as	ADP
iiclr-17591	1539	16	for	for	ADP
iiclr-17591	1539	17	the	the	DET
iiclr-17591	1539	18	banks	bank	NOUN
iiclr-17591	1539	19	,	,	PUNCT
iiclr-17591	1539	20	see	see	VERB
iiclr-17591	1539	21	recent	recent	ADJ
iiclr-17591	1539	22	developments	development	NOUN
iiclr-17591	1539	23	infra	infra	NOUN
iiclr-17591	1539	24	note	note	VERB
iiclr-17591	1539	25	183	183	NUM
iiclr-17591	1539	26	and	and	CCONJ
iiclr-17591	1539	27	accompanying	accompanying	ADJ
iiclr-17591	1539	28	text	text	NOUN
iiclr-17591	1539	29	)	)	PUNCT
iiclr-17591	1539	30	had	have	VERB
iiclr-17591	1539	31	stock	stock	NOUN
iiclr-17591	1539	32	amounting	amount	VERB
iiclr-17591	1539	33	to	to	ADP
iiclr-17591	1539	34	only	only	ADV
iiclr-17591	1539	35	33,778	33,778	NUM
iiclr-17591	1539	36	billion	billion	NUM
iiclr-17591	1539	37	liras	lira	NOUN
iiclr-17591	1539	38	,	,	PUNCT
iiclr-17591	1539	39	out	out	ADP
iiclr-17591	1539	40	of	of	ADP
iiclr-17591	1539	41	387,964	387,964	NUM
iiclr-17591	1539	42	billion	billion	NUM
iiclr-17591	1539	43	liras	lira	NOUN
iiclr-17591	1539	44	of	of	ADP
iiclr-17591	1539	45	managed	manage	VERB
iiclr-17591	1539	46	assets	asset	NOUN
iiclr-17591	1539	47	.	.	PUNCT
iiclr-17591	1540	1	the	the	DET
iiclr-17591	1540	2	most	most	ADV
iiclr-17591	1540	3	important	important	ADJ
iiclr-17591	1540	4	category	category	NOUN
iiclr-17591	1540	5	of	of	ADP
iiclr-17591	1540	6	investor	investor	NOUN
iiclr-17591	1540	7	in	in	ADP
iiclr-17591	1540	8	stock	stock	NOUN
iiclr-17591	1540	9	was	be	AUX
iiclr-17591	1540	10	insurance	insurance	NOUN
iiclr-17591	1540	11	companies	company	NOUN
iiclr-17591	1540	12	(	(	PUNCT
iiclr-17591	1540	13	15,379	15,379	NUM
iiclr-17591	1540	14	billion	billion	NUM
iiclr-17591	1540	15	liras	lira	NOUN
iiclr-17591	1540	16	)	)	PUNCT
iiclr-17591	1540	17	,	,	PUNCT
iiclr-17591	1540	18	followed	follow	VERB
iiclr-17591	1540	19	by	by	ADP
iiclr-17591	1540	20	mutual	mutual	ADJ
iiclr-17591	1540	21	funds	fund	NOUN
iiclr-17591	1540	22	(	(	PUNCT
iiclr-17591	1540	23	12,220	12,220	NUM
iiclr-17591	1540	24	billion	billion	NUM
iiclr-17591	1540	25	liras	lira	NOUN
iiclr-17591	1540	26	)	)	PUNCT
iiclr-17591	1540	27	,	,	PUNCT
iiclr-17591	1540	28	account	account	NOUN
iiclr-17591	1540	29	managers	manager	NOUN
iiclr-17591	1540	30	(	(	PUNCT
iiclr-17591	1540	31	4,573	4,573	NUM
iiclr-17591	1540	32	billion	billion	NUM
iiclr-17591	1540	33	liras	lira	NOUN
iiclr-17591	1540	34	)	)	PUNCT
iiclr-17591	1540	35	,	,	PUNCT
iiclr-17591	1540	36	private	private	ADJ
iiclr-17591	1540	37	pension	pension	NOUN
iiclr-17591	1540	38	funds	fund	NOUN
iiclr-17591	1540	39	(	(	PUNCT
iiclr-17591	1540	40	1,435	1,435	NUM
iiclr-17591	1540	41	billion	billion	NUM
iiclr-17591	1540	42	iras	ira	NOUN
iiclr-17591	1540	43	)	)	PUNCT
iiclr-17591	1540	44	and	and	CCONJ
iiclr-17591	1540	45	"	"	PUNCT
iiclr-17591	1540	46	societa	societa	NOUN
iiclr-17591	1540	47	d'intermediazione	d'intermediazione	PROPN
iiclr-17591	1540	48	mobiliare	mobiliare	NOUN
iiclr-17591	1540	49	"	"	PUNCT
iiclr-17591	1541	1	[	[	X
iiclr-17591	1541	2	supra	supra	PROPN
iiclr-17591	1541	3	note	note	NOUN
iiclr-17591	1541	4	12	12	NUM
iiclr-17591	1541	5	]	]	PUNCT
iiclr-17591	1541	6	(	(	PUNCT
iiclr-17591	1541	7	171	171	NUM
iiclr-17591	1541	8	billion	billion	NUM
iiclr-17591	1541	9	liras	lira	NOUN
iiclr-17591	1541	10	)	)	PUNCT
iiclr-17591	1541	11	.	.	PUNCT
iiclr-17591	1542	1	the	the	DET
iiclr-17591	1542	2	largest	large	ADJ
iiclr-17591	1542	3	type	type	NOUN
iiclr-17591	1542	4	of	of	ADP
iiclr-17591	1542	5	investment	investment	NOUN
iiclr-17591	1542	6	was	be	AUX
iiclr-17591	1542	7	italian	italian	ADJ
iiclr-17591	1542	8	govermental	govermental	NOUN
iiclr-17591	1542	9	bonds	bond	NOUN
iiclr-17591	1542	10	(	(	PUNCT
iiclr-17591	1542	11	229,126	229,126	NUM
iiclr-17591	1542	12	billion	billion	NUM
iiclr-17591	1542	13	liras	lira	NOUN
iiclr-17591	1542	14	)	)	PUNCT
iiclr-17591	1542	15	,	,	PUNCT
iiclr-17591	1542	16	followed	follow	VERB
iiclr-17591	1542	17	by	by	ADP
iiclr-17591	1542	18	foreign	foreign	ADJ
iiclr-17591	1542	19	securities	security	NOUN
iiclr-17591	1542	20	in	in	ADP
iiclr-17591	1542	21	general	general	ADJ
iiclr-17591	1542	22	(	(	PUNCT
iiclr-17591	1542	23	68,312	68,312	NUM
iiclr-17591	1542	24	billion	billion	NUM
iiclr-17591	1542	25	liras	lira	NOUN
iiclr-17591	1542	26	)	)	PUNCT
iiclr-17591	1542	27	and	and	CCONJ
iiclr-17591	1542	28	private	private	ADJ
iiclr-17591	1542	29	italian	italian	ADJ
iiclr-17591	1542	30	bonds	bond	NOUN
iiclr-17591	1542	31	(	(	PUNCT
iiclr-17591	1542	32	44,400	44,400	NUM
iiclr-17591	1542	33	billion	billion	NUM
iiclr-17591	1542	34	liras	lira	NOUN
iiclr-17591	1542	35	)	)	PUNCT
iiclr-17591	1542	36	.	.	PUNCT
iiclr-17591	1543	1	stock	stock	NOUN
iiclr-17591	1543	2	was	be	AUX
iiclr-17591	1543	3	then	then	ADV
iiclr-17591	1543	4	a	a	DET
iiclr-17591	1543	5	relatively	relatively	ADV
iiclr-17591	1543	6	unimportant	unimportant	ADJ
iiclr-17591	1543	7	investment	investment	NOUN
iiclr-17591	1543	8	,	,	PUNCT
iiclr-17591	1543	9	both	both	CCONJ
iiclr-17591	1543	10	in	in	ADP
iiclr-17591	1543	11	total	total	NOUN
iiclr-17591	1543	12	and	and	CCONJ
iiclr-17591	1543	13	in	in	ADP
iiclr-17591	1543	14	relative	relative	ADJ
iiclr-17591	1543	15	size	size	NOUN
iiclr-17591	1543	16	.	.	PUNCT
iiclr-17591	1544	1	in	in	ADP
iiclr-17591	1544	2	detail	detail	NOUN
iiclr-17591	1544	3	,	,	PUNCT
iiclr-17591	1544	4	as	as	ADP
iiclr-17591	1544	5	of	of	ADP
iiclr-17591	1544	6	december	december	PROPN
iiclr-17591	1544	7	31	31	NUM
iiclr-17591	1544	8	,	,	PUNCT
iiclr-17591	1544	9	1993	1993	NUM
iiclr-17591	1544	10	the	the	DET
iiclr-17591	1544	11	composition	composition	NOUN
iiclr-17591	1544	12	of	of	ADP
iiclr-17591	1544	13	assets	asset	NOUN
iiclr-17591	1544	14	under	under	ADP
iiclr-17591	1544	15	professional	professional	ADJ
iiclr-17591	1544	16	management	management	NOUN
iiclr-17591	1544	17	(	(	PUNCT
iiclr-17591	1544	18	in	in	ADP
iiclr-17591	1544	19	billion	billion	NUM
iiclr-17591	1544	20	liras	lira	NOUN
iiclr-17591	1544	21	)	)	PUNCT
iiclr-17591	1544	22	was	be	AUX
iiclr-17591	1544	23	the	the	DET
iiclr-17591	1544	24	following	following	NOUN
iiclr-17591	1544	25	:	:	PUNCT
iiclr-17591	1544	26	insurance	insurance	NOUN
iiclr-17591	1544	27	managed	manage	VERB
iiclr-17591	1544	28	pension	pension	NOUN
iiclr-17591	1544	29	mutual	mutual	ADJ
iiclr-17591	1544	30	sim	sim	NOUN
iiclr-17591	1544	31	(	(	PUNCT
iiclr-17591	1544	32	*	*	NOUN
iiclr-17591	1544	33	*	*	PUNCT
iiclr-17591	1544	34	)	)	PUNCT
iiclr-17591	1544	35	companies	company	NOUN
iiclr-17591	1544	36	accounts	account	VERB
iiclr-17591	1544	37	funds	fund	NOUN
iiclr-17591	1544	38	(	(	PUNCT
iiclr-17591	1544	39	*	*	NOUN
iiclr-17591	1544	40	)	)	PUNCT
iiclr-17591	1544	41	funds	fund	NOUN
iiclr-17591	1544	42	italian	italian	ADJ
iiclr-17591	1544	43	govt	govt	NOUN
iiclr-17591	1544	44	.	.	PUNCT
iiclr-17591	1545	1	bonds	bond	NOUN
iiclr-17591	1545	2	61,875	61,875	NUM
iiclr-17591	1545	3	97,173	97,173	NUM
iiclr-17591	1545	4	11,591	11,591	NUM
iiclr-17591	1545	5	51,298	51,298	NUM
iiclr-17591	1545	6	7,189	7,189	NUM
iiclr-17591	1545	7	bonds	bond	NOUN
iiclr-17591	1545	8	25,654	25,654	NUM
iiclr-17591	1545	9	14,849	14,849	NUM
iiclr-17591	1545	10	1,134	1,134	NUM
iiclr-17591	1545	11	2,174	2,174	NUM
iiclr-17591	1545	12	589	589	NUM
iiclr-17591	1545	13	stock	stock	NOUN
iiclr-17591	1545	14	15,379	15,379	NUM
iiclr-17591	1545	15	4,573	4,573	NUM
iiclr-17591	1545	16	1,435	1,435	NUM
iiclr-17591	1545	17	12,220	12,220	NUM
iiclr-17591	1545	18	171	171	NUM
iiclr-17591	1545	19	foreign	foreign	ADJ
iiclr-17591	1545	20	securities	security	NOUN
iiclr-17591	1545	21	17,727	17,727	NUM
iiclr-17591	1545	22	13,576	13,576	NUM
iiclr-17591	1545	23	858	858	NUM
iiclr-17591	1545	24	35,243	35,243	NUM
iiclr-17591	1545	25	908	908	NUM
iiclr-17591	1545	26	other	other	ADJ
iiclr-17591	1545	27	413	413	NUM
iiclr-17591	1545	28	4,320	4,320	NUM
iiclr-17591	1545	29	6,434	6,434	NUM
iiclr-17591	1545	30	1,140	1,140	NUM
iiclr-17591	1545	31	41	41	NUM
iiclr-17591	1545	32	total	total	NOUN
iiclr-17591	1545	33	(	(	PUNCT
iiclr-17591	1545	34	387,964	387,964	NUM
iiclr-17591	1545	35	)	)	PUNCT
iiclr-17591	1545	36	121,048	121,048	NUM
iiclr-17591	1545	37	134,491	134,491	NUM
iiclr-17591	1545	38	21,452	21,452	NUM
iiclr-17591	1545	39	102,075	102,075	NUM
iiclr-17591	1545	40	8,898	8,898	NUM
iiclr-17591	1545	41	(	(	PUNCT
iiclr-17591	1545	42	*	*	PUNCT
iiclr-17591	1545	43	)	)	PUNCT
iiclr-17591	1545	44	estimated	estimate	VERB
iiclr-17591	1545	45	in	in	ADP
iiclr-17591	1545	46	part	part	NOUN
iiclr-17591	1545	47	.	.	PUNCT
iiclr-17591	1546	1	(	(	PUNCT
iiclr-17591	1546	2	*	*	PUNCT
iiclr-17591	1546	3	*	*	NOUN
iiclr-17591	1546	4	)	)	PUNCT
iiclr-17591	1546	5	s.i.m	s.i.m	NOUN
iiclr-17591	1546	6	.	.	PUNCT
iiclr-17591	1546	7	stands	stand	VERB
iiclr-17591	1546	8	for	for	ADP
iiclr-17591	1546	9	"	"	PUNCT
iiclr-17591	1546	10	societi	societi	PROPN
iiclr-17591	1546	11	d'intermediazione	d'intermediazione	PROPN
iiclr-17591	1546	12	mobiliare	mobiliare	NOUN
iiclr-17591	1546	13	,	,	PUNCT
iiclr-17591	1546	14	"	"	PUNCT
iiclr-17591	1546	15	supra	supra	PROPN
iiclr-17591	1546	16	note	note	NOUN
iiclr-17591	1546	17	12	12	NUM
iiclr-17591	1546	18	.	.	PUNCT
iiclr-17591	1547	1	(	(	PUNCT
iiclr-17591	1547	2	source	source	NOUN
iiclr-17591	1547	3	:	:	PUNCT
iiclr-17591	1547	4	sige	sige	PROPN
iiclr-17591	1547	5	s.p.a	s.p.a	PROPN
iiclr-17591	1547	6	.	.	PROPN
iiclr-17591	1547	7	,	,	PUNCT
iiclr-17591	1547	8	in	in	ADP
iiclr-17591	1547	9	ronchetti	ronchetti	PROPN
iiclr-17591	1547	10	,	,	PUNCT
iiclr-17591	1547	11	supra	supra	PROPN
iiclr-17591	1547	12	note	note	PROPN
iiclr-17591	1547	13	148	148	NUM
iiclr-17591	1547	14	)	)	PUNCT
iiclr-17591	1547	15	.	.	PUNCT
iiclr-17591	1548	1	183	183	NUM
iiclr-17591	1548	2	.	.	PUNCT
iiclr-17591	1549	1	the	the	DET
iiclr-17591	1549	2	implementation	implementation	NOUN
iiclr-17591	1549	3	of	of	ADP
iiclr-17591	1549	4	the	the	DET
iiclr-17591	1549	5	second	second	ADJ
iiclr-17591	1549	6	european	european	ADJ
iiclr-17591	1549	7	directive	directive	NOUN
iiclr-17591	1549	8	on	on	ADP
iiclr-17591	1549	9	banking	banking	NOUN
iiclr-17591	1549	10	(	(	PUNCT
iiclr-17591	1549	11	no	no	INTJ
iiclr-17591	1549	12	.	.	PUNCT
iiclr-17591	1549	13	89/646	89/646	NUM
iiclr-17591	1549	14	/	/	SYM
iiclr-17591	1549	15	cee	cee	NOUN
iiclr-17591	1549	16	)	)	PUNCT
iiclr-17591	1549	17	caused	cause	VERB
iiclr-17591	1549	18	a	a	DET
iiclr-17591	1549	19	revision	revision	NOUN
iiclr-17591	1549	20	of	of	ADP
iiclr-17591	1549	21	the	the	DET
iiclr-17591	1549	22	previous	previous	ADJ
iiclr-17591	1549	23	separation	separation	NOUN
iiclr-17591	1549	24	between	between	ADP
iiclr-17591	1549	25	the	the	DET
iiclr-17591	1549	26	banking	banking	NOUN
iiclr-17591	1549	27	and	and	CCONJ
iiclr-17591	1549	28	industrial	industrial	ADJ
iiclr-17591	1549	29	systems	system	NOUN
iiclr-17591	1549	30	.	.	PUNCT
iiclr-17591	1550	1	art	art	NOUN
iiclr-17591	1550	2	.	.	PUNCT
iiclr-17591	1551	1	22(1	22(1	NUM
iiclr-17591	1551	2	)	)	PUNCT
iiclr-17591	1551	3	,	,	PUNCT
iiclr-17591	1551	4	legislative	legislative	ADJ
iiclr-17591	1551	5	decree	decree	NOUN
iiclr-17591	1551	6	of	of	ADP
iiclr-17591	1551	7	dec	dec	PROPN
iiclr-17591	1551	8	.	.	PROPN
iiclr-17591	1551	9	14	14	NUM
iiclr-17591	1551	10	,	,	PUNCT
iiclr-17591	1551	11	1992	1992	NUM
iiclr-17591	1551	12	,	,	PUNCT
iiclr-17591	1551	13	no	no	INTJ
iiclr-17591	1551	14	.	.	NOUN
iiclr-17591	1551	15	481	481	NUM
iiclr-17591	1551	16	,	,	PUNCT
iiclr-17591	1551	17	followed	follow	VERB
iiclr-17591	1551	18	by	by	ADP
iiclr-17591	1551	19	art	art	NOUN
iiclr-17591	1551	20	.	.	PUNCT
iiclr-17591	1552	1	53(1	53(1	X
iiclr-17591	1552	2	)	)	PUNCT
iiclr-17591	1552	3	,	,	PUNCT
iiclr-17591	1552	4	legislative	legislative	ADJ
iiclr-17591	1552	5	decree	decree	NOUN
iiclr-17591	1552	6	of	of	ADP
iiclr-17591	1552	7	sept	sept	PROPN
iiclr-17591	1552	8	.	.	PROPN
iiclr-17591	1552	9	1	1	NUM
iiclr-17591	1552	10	,	,	PUNCT
iiclr-17591	1552	11	1993	1993	NUM
iiclr-17591	1552	12	,	,	PUNCT
iiclr-17591	1552	13	no	no	INTJ
iiclr-17591	1552	14	.	.	NOUN
iiclr-17591	1552	15	385	385	NUM
iiclr-17591	1552	16	,	,	PUNCT
iiclr-17591	1552	17	mandated	mandate	VERB
iiclr-17591	1552	18	the	the	DET
iiclr-17591	1552	19	bank	bank	NOUN
iiclr-17591	1552	20	of	of	ADP
iiclr-17591	1552	21	italy	italy	PROPN
iiclr-17591	1552	22	to	to	PART
iiclr-17591	1552	23	determine	determine	VERB
iiclr-17591	1552	24	the	the	DET
iiclr-17591	1552	25	criteria	criterion	NOUN
iiclr-17591	1552	26	for	for	ADP
iiclr-17591	1552	27	stock	stock	NOUN
iiclr-17591	1552	28	holding	holding	NOUN
iiclr-17591	1552	29	by	by	ADP
iiclr-17591	1552	30	banks	bank	NOUN
iiclr-17591	1552	31	.	.	PUNCT
iiclr-17591	1553	1	following	follow	VERB
iiclr-17591	1553	2	the	the	DET
iiclr-17591	1553	3	mandate	mandate	NOUN
iiclr-17591	1553	4	,	,	PUNCT
iiclr-17591	1553	5	the	the	DET
iiclr-17591	1553	6	bank	bank	NOUN
iiclr-17591	1553	7	of	of	ADP
iiclr-17591	1553	8	italy	italy	PROPN
iiclr-17591	1553	9	on	on	ADP
iiclr-17591	1553	10	june	june	PROPN
iiclr-17591	1553	11	23	23	NUM
iiclr-17591	1553	12	,	,	PUNCT
iiclr-17591	1553	13	1993	1993	NUM
iiclr-17591	1553	14	,	,	PUNCT
iiclr-17591	1553	15	issued	issue	VERB
iiclr-17591	1553	16	a	a	DET
iiclr-17591	1553	17	regulation	regulation	NOUN
iiclr-17591	1553	18	allowing	allow	VERB
iiclr-17591	1553	19	minority	minority	NOUN
iiclr-17591	1553	20	ownership	ownership	NOUN
iiclr-17591	1553	21	in	in	ADP
iiclr-17591	1553	22	non	non	ADJ
iiclr-17591	1553	23	-	-	ADJ
iiclr-17591	1553	24	banking	banking	ADJ
iiclr-17591	1553	25	firms	firm	NOUN
iiclr-17591	1553	26	(	(	PUNCT
iiclr-17591	1553	27	up	up	ADP
iiclr-17591	1553	28	to	to	PART
iiclr-17591	1553	29	15	15	NUM
iiclr-17591	1553	30	%	%	NOUN
iiclr-17591	1553	31	of	of	ADP
iiclr-17591	1553	32	the	the	DET
iiclr-17591	1553	33	total	total	ADJ
iiclr-17591	1553	34	capital	capital	NOUN
iiclr-17591	1553	35	of	of	ADP
iiclr-17591	1553	36	the	the	DET
iiclr-17591	1553	37	firm	firm	NOUN
iiclr-17591	1553	38	,	,	PUNCT
iiclr-17591	1553	39	which	which	PRON
iiclr-17591	1553	40	can	can	AUX
iiclr-17591	1553	41	mean	mean	VERB
iiclr-17591	1553	42	up	up	ADP
iiclr-17591	1553	43	to	to	PART
iiclr-17591	1553	44	30	30	NUM
iiclr-17591	1553	45	%	%	NOUN
iiclr-17591	1553	46	of	of	ADP
iiclr-17591	1553	47	the	the	DET
iiclr-17591	1553	48	voting	voting	NOUN
iiclr-17591	1553	49	capital	capital	NOUN
iiclr-17591	1553	50	:	:	PUNCT
iiclr-17591	1553	51	see	see	VERB
iiclr-17591	1553	52	supra	supra	PROPN
iiclr-17591	1553	53	note	note	PROPN
iiclr-17591	1553	54	37	37	NUM
iiclr-17591	1553	55	)	)	PUNCT
iiclr-17591	1553	56	,	,	PUNCT
iiclr-17591	1553	57	provided	provide	VERB
iiclr-17591	1553	58	that	that	SCONJ
iiclr-17591	1553	59	other	other	ADJ
iiclr-17591	1553	60	19951	19951	NUM
iiclr-17591	1553	61	ind	ind	NOUN
iiclr-17591	1553	62	.	.	PUNCT
iiclr-17591	1554	1	int	int	NOUN
iiclr-17591	1554	2	'	'	PUNCT
iiclr-17591	1554	3	l	l	NOUN
iiclr-17591	1554	4	&	&	CCONJ
iiclr-17591	1554	5	comp	comp	PROPN
iiclr-17591	1554	6	.	.	PUNCT
iiclr-17591	1555	1	l	l	PROPN
iiclr-17591	1555	2	rev	rev	PROPN
iiclr-17591	1555	3	.	.	PROPN
iiclr-17591	1555	4	stock	stock	NOUN
iiclr-17591	1555	5	,	,	PUNCT
iiclr-17591	1555	6	but	but	CCONJ
iiclr-17591	1555	7	their	their	PRON
iiclr-17591	1555	8	total	total	ADJ
iiclr-17591	1555	9	ownership	ownership	NOUN
iiclr-17591	1555	10	is	be	AUX
iiclr-17591	1555	11	not	not	PART
iiclr-17591	1555	12	very	very	ADV
iiclr-17591	1555	13	significant	significant	ADJ
iiclr-17591	1555	14	.	.	PUNCT
iiclr-17591	1555	15	"	"	PUNCT
iiclr-17591	1556	1	with	with	ADP
iiclr-17591	1556	2	few	few	ADJ
iiclr-17591	1556	3	exceptions	exception	NOUN
iiclr-17591	1556	4	,	,	PUNCT
iiclr-17591	1556	5	in	in	ADP
iiclr-17591	1556	6	the	the	DET
iiclr-17591	1556	7	portfolio	portfolio	NOUN
iiclr-17591	1556	8	of	of	ADP
iiclr-17591	1556	9	banks	bank	NOUN
iiclr-17591	1556	10	and	and	CCONJ
iiclr-17591	1556	11	insurance	insurance	NOUN
iiclr-17591	1556	12	companies	company	NOUN
iiclr-17591	1556	13	,	,	PUNCT
iiclr-17591	1556	14	then	then	ADV
iiclr-17591	1556	15	,	,	PUNCT
iiclr-17591	1556	16	there	there	PRON
iiclr-17591	1556	17	are	be	VERB
iiclr-17591	1556	18	only	only	ADV
iiclr-17591	1556	19	minority	minority	NOUN
iiclr-17591	1556	20	holdings	holding	NOUN
iiclr-17591	1556	21	and	and	CCONJ
iiclr-17591	1556	22	some	some	DET
iiclr-17591	1556	23	controlling	control	VERB
iiclr-17591	1556	24	shares	share	NOUN
iiclr-17591	1556	25	of	of	ADP
iiclr-17591	1556	26	other	other	ADJ
iiclr-17591	1556	27	financial	financial	ADJ
iiclr-17591	1556	28	firms	firm	NOUN
iiclr-17591	1556	29	.	.	PUNCT
iiclr-17591	1557	1	5	5	NUM
iiclr-17591	1557	2	moreover	moreover	ADV
iiclr-17591	1557	3	,	,	PUNCT
iiclr-17591	1557	4	proxy	proxy	ADJ
iiclr-17591	1557	5	voting	voting	NOUN
iiclr-17591	1557	6	rules	rule	NOUN
iiclr-17591	1557	7	restrict	restrict	VERB
iiclr-17591	1557	8	greatly	greatly	ADV
iiclr-17591	1557	9	the	the	DET
iiclr-17591	1557	10	ability	ability	NOUN
iiclr-17591	1557	11	of	of	ADP
iiclr-17591	1557	12	financial	financial	ADJ
iiclr-17591	1557	13	institutions	institution	NOUN
iiclr-17591	1557	14	to	to	PART
iiclr-17591	1557	15	exert	exert	VERB
iiclr-17591	1557	16	influence	influence	NOUN
iiclr-17591	1557	17	by	by	ADP
iiclr-17591	1557	18	voting	vote	VERB
iiclr-17591	1557	19	clients	client	NOUN
iiclr-17591	1557	20	'	'	PART
iiclr-17591	1557	21	shares	share	NOUN
iiclr-17591	1557	22	.	.	PUNCT
iiclr-17591	1557	23	"	"	PUNCT
iiclr-17591	1558	1	6	6	NUM
iiclr-17591	1558	2	the	the	DET
iiclr-17591	1558	3	italian	italian	ADJ
iiclr-17591	1558	4	system	system	NOUN
iiclr-17591	1558	5	of	of	ADP
iiclr-17591	1558	6	corporate	corporate	ADJ
iiclr-17591	1558	7	governance	governance	NOUN
iiclr-17591	1558	8	does	do	AUX
iiclr-17591	1558	9	not	not	PART
iiclr-17591	1558	10	seem	seem	VERB
iiclr-17591	1558	11	to	to	PART
iiclr-17591	1558	12	have	have	VERB
iiclr-17591	1558	13	gray	gray	ADJ
iiclr-17591	1558	14	tones	tone	NOUN
iiclr-17591	1558	15	.	.	PUNCT
iiclr-17591	1559	1	very	very	ADV
iiclr-17591	1559	2	few	few	ADJ
iiclr-17591	1559	3	entities	entity	NOUN
iiclr-17591	1559	4	exist	exist	VERB
iiclr-17591	1559	5	between	between	ADP
iiclr-17591	1559	6	large	large	ADJ
iiclr-17591	1559	7	shareholders	shareholder	NOUN
iiclr-17591	1559	8	directly	directly	ADV
iiclr-17591	1559	9	involved	involve	VERB
iiclr-17591	1559	10	in	in	ADP
iiclr-17591	1559	11	the	the	DET
iiclr-17591	1559	12	management	management	NOUN
iiclr-17591	1559	13	of	of	ADP
iiclr-17591	1559	14	the	the	DET
iiclr-17591	1559	15	company	company	NOUN
iiclr-17591	1559	16	and	and	CCONJ
iiclr-17591	1559	17	passive	passive	ADJ
iiclr-17591	1559	18	investors	investor	NOUN
iiclr-17591	1559	19	;	;	PUNCT
iiclr-17591	1559	20	only	only	ADV
iiclr-17591	1559	21	one	one	NUM
iiclr-17591	1559	22	of	of	ADP
iiclr-17591	1559	23	them	they	PRON
iiclr-17591	1559	24	is	be	AUX
iiclr-17591	1559	25	outstanding	outstanding	ADJ
iiclr-17591	1559	26	for	for	ADP
iiclr-17591	1559	27	importance	importance	NOUN
iiclr-17591	1559	28	and	and	CCONJ
iiclr-17591	1559	29	know	know	NOUN
iiclr-17591	1559	30	-	-	PUNCT
iiclr-17591	1559	31	how	how	NOUN
iiclr-17591	1559	32	,	,	PUNCT
iiclr-17591	1559	33	and	and	CCONJ
iiclr-17591	1559	34	the	the	DET
iiclr-17591	1559	35	benefits	benefit	NOUN
iiclr-17591	1559	36	of	of	ADP
iiclr-17591	1559	37	its	its	PRON
iiclr-17591	1559	38	actions	action	NOUN
iiclr-17591	1559	39	are	be	AUX
iiclr-17591	1559	40	not	not	PART
iiclr-17591	1559	41	generally	generally	ADV
iiclr-17591	1559	42	acknowledged	acknowledge	VERB
iiclr-17591	1559	43	.	.	PUNCT
iiclr-17591	1559	44	"	"	PUNCT
iiclr-17591	1560	1	7	7	NUM
iiclr-17591	1560	2	all	all	DET
iiclr-17591	1560	3	other	other	ADJ
iiclr-17591	1560	4	institutions	institution	NOUN
iiclr-17591	1560	5	having	have	VERB
iiclr-17591	1560	6	a	a	DET
iiclr-17591	1560	7	stake	stake	NOUN
iiclr-17591	1560	8	in	in	ADP
iiclr-17591	1560	9	listed	list	VERB
iiclr-17591	1560	10	conditions	condition	NOUN
iiclr-17591	1560	11	are	be	AUX
iiclr-17591	1560	12	met	meet	VERB
iiclr-17591	1560	13	(	(	PUNCT
iiclr-17591	1560	14	adequate	adequate	ADJ
iiclr-17591	1560	15	monitoring	monitoring	NOUN
iiclr-17591	1560	16	structure	structure	NOUN
iiclr-17591	1560	17	internal	internal	ADJ
iiclr-17591	1560	18	to	to	ADP
iiclr-17591	1560	19	the	the	DET
iiclr-17591	1560	20	bank	bank	NOUN
iiclr-17591	1560	21	,	,	PUNCT
iiclr-17591	1560	22	sufficient	sufficient	ADJ
iiclr-17591	1560	23	diversification	diversification	NOUN
iiclr-17591	1560	24	,	,	PUNCT
iiclr-17591	1560	25	etc	etc	X
iiclr-17591	1560	26	.	.	X
iiclr-17591	1560	27	)	)	PUNCT
iiclr-17591	1560	28	.	.	PUNCT
iiclr-17591	1561	1	on	on	ADP
iiclr-17591	1561	2	the	the	DET
iiclr-17591	1561	3	opposite	opposite	ADJ
iiclr-17591	1561	4	side	side	NOUN
iiclr-17591	1561	5	--	--	PUNCT
iiclr-17591	1561	6	i.e.	i.e.	X
iiclr-17591	1561	7	,	,	PUNCT
iiclr-17591	1561	8	ownership	ownership	NOUN
iiclr-17591	1561	9	of	of	ADP
iiclr-17591	1561	10	banks	bank	NOUN
iiclr-17591	1561	11	-	-	PUNCT
iiclr-17591	1561	12	the	the	DET
iiclr-17591	1561	13	law	law	NOUN
iiclr-17591	1561	14	itself	itself	PRON
iiclr-17591	1561	15	limits	limit	VERB
iiclr-17591	1561	16	the	the	DET
iiclr-17591	1561	17	ownership	ownership	NOUN
iiclr-17591	1561	18	of	of	ADP
iiclr-17591	1561	19	a	a	DET
iiclr-17591	1561	20	bank	bank	NOUN
iiclr-17591	1561	21	by	by	ADP
iiclr-17591	1561	22	non	non	ADJ
iiclr-17591	1561	23	-	-	ADJ
iiclr-17591	1561	24	financial	financial	ADJ
iiclr-17591	1561	25	firms	firm	NOUN
iiclr-17591	1561	26	:	:	PUNCT
iiclr-17591	1561	27	art	art	NOUN
iiclr-17591	1561	28	.	.	PUNCT
iiclr-17591	1562	1	19(6	19(6	NUM
iiclr-17591	1562	2	)	)	PUNCT
iiclr-17591	1562	3	,	,	PUNCT
iiclr-17591	1562	4	legislative	legislative	ADJ
iiclr-17591	1562	5	decree	decree	NOUN
iiclr-17591	1562	6	of	of	ADP
iiclr-17591	1562	7	sept	sept	PROPN
iiclr-17591	1562	8	.	.	PROPN
iiclr-17591	1562	9	1	1	NUM
iiclr-17591	1562	10	,	,	PUNCT
iiclr-17591	1562	11	1993	1993	NUM
iiclr-17591	1562	12	,	,	PUNCT
iiclr-17591	1562	13	no	no	INTJ
iiclr-17591	1562	14	.	.	NOUN
iiclr-17591	1562	15	385	385	NUM
iiclr-17591	1562	16	(	(	PUNCT
iiclr-17591	1562	17	no	no	DET
iiclr-17591	1562	18	ownership	ownership	NOUN
iiclr-17591	1562	19	of	of	ADP
iiclr-17591	1562	20	more	more	ADJ
iiclr-17591	1562	21	than	than	ADP
iiclr-17591	1562	22	15	15	NUM
iiclr-17591	1562	23	%	%	NOUN
iiclr-17591	1562	24	of	of	ADP
iiclr-17591	1562	25	the	the	DET
iiclr-17591	1562	26	voting	voting	NOUN
iiclr-17591	1562	27	capital	capital	NOUN
iiclr-17591	1562	28	and	and	CCONJ
iiclr-17591	1562	29	in	in	ADP
iiclr-17591	1562	30	no	no	DET
iiclr-17591	1562	31	event	event	NOUN
iiclr-17591	1562	32	control	control	NOUN
iiclr-17591	1562	33	of	of	ADP
iiclr-17591	1562	34	the	the	DET
iiclr-17591	1562	35	bank	bank	NOUN
iiclr-17591	1562	36	by	by	ADP
iiclr-17591	1562	37	an	an	DET
iiclr-17591	1562	38	entity	entity	NOUN
iiclr-17591	1562	39	predominantly	predominantly	ADV
iiclr-17591	1562	40	engaged	engage	VERB
iiclr-17591	1562	41	in	in	ADP
iiclr-17591	1562	42	non	non	ADJ
iiclr-17591	1562	43	-	-	ADJ
iiclr-17591	1562	44	financial	financial	ADJ
iiclr-17591	1562	45	activity	activity	NOUN
iiclr-17591	1562	46	)	)	PUNCT
iiclr-17591	1562	47	.	.	PUNCT
iiclr-17591	1563	1	184	184	NUM
iiclr-17591	1563	2	.	.	PUNCT
iiclr-17591	1564	1	as	as	ADP
iiclr-17591	1564	2	of	of	ADP
iiclr-17591	1564	3	december	december	PROPN
iiclr-17591	1564	4	31	31	NUM
iiclr-17591	1564	5	,	,	PUNCT
iiclr-17591	1564	6	1993	1993	NUM
iiclr-17591	1564	7	,	,	PUNCT
iiclr-17591	1564	8	the	the	DET
iiclr-17591	1564	9	total	total	ADJ
iiclr-17591	1564	10	stock	stock	NOUN
iiclr-17591	1564	11	ownership	ownership	NOUN
iiclr-17591	1564	12	of	of	ADP
iiclr-17591	1564	13	mutual	mutual	ADJ
iiclr-17591	1564	14	funds	fund	NOUN
iiclr-17591	1564	15	was	be	AUX
iiclr-17591	1564	16	around	around	ADV
iiclr-17591	1564	17	5	5	NUM
iiclr-17591	1564	18	%	%	NOUN
iiclr-17591	1564	19	of	of	ADP
iiclr-17591	1564	20	the	the	DET
iiclr-17591	1564	21	total	total	ADJ
iiclr-17591	1564	22	capitalization	capitalization	NOUN
iiclr-17591	1564	23	of	of	ADP
iiclr-17591	1564	24	companies	company	NOUN
iiclr-17591	1564	25	listed	list	VERB
iiclr-17591	1564	26	on	on	ADP
iiclr-17591	1564	27	the	the	DET
iiclr-17591	1564	28	italian	italian	ADJ
iiclr-17591	1564	29	stock	stock	NOUN
iiclr-17591	1564	30	exchange	exchange	NOUN
iiclr-17591	1564	31	,	,	PUNCT
iiclr-17591	1564	32	compared	compare	VERB
iiclr-17591	1564	33	with	with	ADP
iiclr-17591	1564	34	around	around	ADV
iiclr-17591	1564	35	10	10	NUM
iiclr-17591	1564	36	%	%	NOUN
iiclr-17591	1564	37	in	in	ADP
iiclr-17591	1564	38	1986	1986	NUM
iiclr-17591	1564	39	-	-	SYM
iiclr-17591	1564	40	87	87	NUM
iiclr-17591	1564	41	.	.	PUNCT
iiclr-17591	1565	1	the	the	DET
iiclr-17591	1565	2	total	total	ADJ
iiclr-17591	1565	3	ownership	ownership	NOUN
iiclr-17591	1565	4	of	of	ADP
iiclr-17591	1565	5	the	the	DET
iiclr-17591	1565	6	first	first	ADJ
iiclr-17591	1565	7	20	20	NUM
iiclr-17591	1565	8	mutual	mutual	ADJ
iiclr-17591	1565	9	funds	fund	NOUN
iiclr-17591	1565	10	in	in	ADP
iiclr-17591	1565	11	some	some	PRON
iiclr-17591	1565	12	of	of	ADP
iiclr-17591	1565	13	the	the	DET
iiclr-17591	1565	14	largest	large	ADJ
iiclr-17591	1565	15	italian	italian	ADJ
iiclr-17591	1565	16	companies	company	NOUN
iiclr-17591	1565	17	ranged	range	VERB
iiclr-17591	1565	18	between	between	ADP
iiclr-17591	1565	19	as	as	ADV
iiclr-17591	1565	20	high	high	ADJ
iiclr-17591	1565	21	as	as	ADP
iiclr-17591	1565	22	7.24	7.24	NUM
iiclr-17591	1565	23	%	%	NOUN
iiclr-17591	1565	24	(	(	PUNCT
iiclr-17591	1565	25	parmalat	parmalat	NOUN
iiclr-17591	1565	26	)	)	PUNCT
iiclr-17591	1565	27	,	,	PUNCT
iiclr-17591	1565	28	5.12	5.12	NUM
iiclr-17591	1565	29	%	%	NOUN
iiclr-17591	1565	30	(	(	PUNCT
iiclr-17591	1565	31	sai	sai	NOUN
iiclr-17591	1565	32	)	)	PUNCT
iiclr-17591	1565	33	,	,	PUNCT
iiclr-17591	1565	34	4.87	4.87	NUM
iiclr-17591	1565	35	%	%	NOUN
iiclr-17591	1565	36	(	(	PUNCT
iiclr-17591	1565	37	italcable	italcable	ADJ
iiclr-17591	1565	38	)	)	PUNCT
iiclr-17591	1565	39	,	,	PUNCT
iiclr-17591	1565	40	4.19	4.19	NUM
iiclr-17591	1565	41	%	%	NOUN
iiclr-17591	1565	42	(	(	PUNCT
iiclr-17591	1565	43	ras	ras	NOUN
iiclr-17591	1565	44	)	)	PUNCT
iiclr-17591	1565	45	,	,	PUNCT
iiclr-17591	1565	46	3.88	3.88	NUM
iiclr-17591	1565	47	%	%	NOUN
iiclr-17591	1565	48	(	(	PUNCT
iiclr-17591	1565	49	stet	stet	NOUN
iiclr-17591	1565	50	)	)	PUNCT
iiclr-17591	1565	51	,	,	PUNCT
iiclr-17591	1565	52	to	to	ADP
iiclr-17591	1565	53	as	as	ADV
iiclr-17591	1565	54	low	low	ADJ
iiclr-17591	1565	55	as	as	ADP
iiclr-17591	1565	56	2.53	2.53	NUM
iiclr-17591	1565	57	%	%	NOUN
iiclr-17591	1565	58	(	(	PUNCT
iiclr-17591	1565	59	benetton	benetton	PROPN
iiclr-17591	1565	60	)	)	PUNCT
iiclr-17591	1565	61	,	,	PUNCT
iiclr-17591	1565	62	1.94	1.94	NUM
iiclr-17591	1565	63	%	%	NOUN
iiclr-17591	1565	64	(	(	PUNCT
iiclr-17591	1565	65	fiat	fiat	PROPN
iiclr-17591	1565	66	)	)	PUNCT
iiclr-17591	1565	67	,	,	PUNCT
iiclr-17591	1565	68	0.83	0.83	NUM
iiclr-17591	1565	69	%	%	NOUN
iiclr-17591	1565	70	(	(	PUNCT
iiclr-17591	1565	71	olivetti	olivetti	PROPN
iiclr-17591	1565	72	)	)	PUNCT
iiclr-17591	1565	73	(	(	PUNCT
iiclr-17591	1565	74	source	source	NOUN
iiclr-17591	1565	75	:	:	PUNCT
iiclr-17591	1565	76	databank	databank	PROPN
iiclr-17591	1565	77	,	,	PUNCT
iiclr-17591	1565	78	in	in	ADP
iiclr-17591	1565	79	la	la	PROPN
iiclr-17591	1565	80	repubblica	repubblica	PROPN
iiclr-17591	1565	81	,	,	PUNCT
iiclr-17591	1565	82	apr	apr	PROPN
iiclr-17591	1565	83	.	.	PROPN
iiclr-17591	1565	84	1	1	NUM
iiclr-17591	1565	85	,	,	PUNCT
iiclr-17591	1565	86	1994	1994	NUM
iiclr-17591	1565	87	,	,	PUNCT
iiclr-17591	1565	88	affari	affari	ADJ
iiclr-17591	1565	89	e	e	X
iiclr-17591	1565	90	finaiza	finaiza	NOUN
iiclr-17591	1565	91	,	,	PUNCT
iiclr-17591	1565	92	at	at	ADP
iiclr-17591	1565	93	19	19	NUM
iiclr-17591	1565	94	)	)	PUNCT
iiclr-17591	1565	95	.	.	PUNCT
iiclr-17591	1566	1	a	a	DET
iiclr-17591	1566	2	mutual	mutual	ADJ
iiclr-17591	1566	3	funds	fund	NOUN
iiclr-17591	1566	4	association	association	NOUN
iiclr-17591	1566	5	(	(	PUNCT
iiclr-17591	1566	6	assogestioni	assogestioni	PROPN
iiclr-17591	1566	7	)	)	PUNCT
iiclr-17591	1566	8	recently	recently	ADV
iiclr-17591	1566	9	set	set	VERB
iiclr-17591	1566	10	up	up	ADP
iiclr-17591	1566	11	a	a	DET
iiclr-17591	1566	12	permanent	permanent	ADJ
iiclr-17591	1566	13	commission	commission	NOUN
iiclr-17591	1566	14	to	to	PART
iiclr-17591	1566	15	monitor	monitor	VERB
iiclr-17591	1566	16	the	the	DET
iiclr-17591	1566	17	stock	stock	NOUN
iiclr-17591	1566	18	market	market	NOUN
iiclr-17591	1566	19	and	and	CCONJ
iiclr-17591	1566	20	react	react	VERB
iiclr-17591	1566	21	to	to	ADP
iiclr-17591	1566	22	violation	violation	NOUN
iiclr-17591	1566	23	of	of	ADP
iiclr-17591	1566	24	formal	formal	ADJ
iiclr-17591	1566	25	regulations	regulation	NOUN
iiclr-17591	1566	26	and	and	CCONJ
iiclr-17591	1566	27	ethical	ethical	ADJ
iiclr-17591	1566	28	rules	rule	NOUN
iiclr-17591	1566	29	(	(	PUNCT
iiclr-17591	1566	30	see	see	VERB
iiclr-17591	1566	31	giuliano	giuliano	PROPN
iiclr-17591	1566	32	boggiali	boggiali	PROPN
iiclr-17591	1566	33	,	,	PUNCT
iiclr-17591	1566	34	assogestioni	assogestioni	PROPN
iiclr-17591	1566	35	battezza	battezza	PROPN
iiclr-17591	1566	36	l'authorityper	l'authorityper	PROPN
iiclr-17591	1566	37	vigilare	vigilare	PROPN
iiclr-17591	1566	38	sulle	sulle	PROPN
iiclr-17591	1566	39	societc	societc	PROPN
iiclr-17591	1566	40	del	del	PROPN
iiclr-17591	1566	41	listino	listino	PROPN
iiclr-17591	1566	42	,	,	PUNCT
iiclr-17591	1566	43	il	il	PROPN
iiclr-17591	1566	44	sole	sole	ADJ
iiclr-17591	1566	45	24	24	NUM
iiclr-17591	1566	46	ore	ore	NOUN
iiclr-17591	1566	47	,	,	PUNCT
iiclr-17591	1566	48	mar	mar	PROPN
iiclr-17591	1566	49	.	.	PROPN
iiclr-17591	1566	50	26	26	NUM
iiclr-17591	1566	51	,	,	PUNCT
iiclr-17591	1566	52	1994	1994	NUM
iiclr-17591	1566	53	,	,	PUNCT
iiclr-17591	1566	54	at	at	ADP
iiclr-17591	1566	55	29	29	NUM
iiclr-17591	1566	56	)	)	PUNCT
iiclr-17591	1566	57	.	.	PUNCT
iiclr-17591	1567	1	185	185	NUM
iiclr-17591	1567	2	.	.	PUNCT
iiclr-17591	1568	1	according	accord	VERB
iiclr-17591	1568	2	to	to	ADP
iiclr-17591	1568	3	a	a	DET
iiclr-17591	1568	4	leading	lead	VERB
iiclr-17591	1568	5	expert	expert	NOUN
iiclr-17591	1568	6	of	of	ADP
iiclr-17591	1568	7	the	the	DET
iiclr-17591	1568	8	field	field	NOUN
iiclr-17591	1568	9	,	,	PUNCT
iiclr-17591	1568	10	italian	italian	ADJ
iiclr-17591	1568	11	banks	bank	NOUN
iiclr-17591	1568	12	are	be	AUX
iiclr-17591	1568	13	not	not	PART
iiclr-17591	1568	14	ready	ready	ADJ
iiclr-17591	1568	15	to	to	PART
iiclr-17591	1568	16	accept	accept	VERB
iiclr-17591	1568	17	the	the	DET
iiclr-17591	1568	18	challenge	challenge	NOUN
iiclr-17591	1568	19	of	of	ADP
iiclr-17591	1568	20	monitoring	monitoring	NOUN
iiclr-17591	1568	21	on	on	ADP
iiclr-17591	1568	22	non	non	ADJ
iiclr-17591	1568	23	-	-	ADJ
iiclr-17591	1568	24	financial	financial	ADJ
iiclr-17591	1568	25	firms	firm	NOUN
iiclr-17591	1568	26	(	(	PUNCT
iiclr-17591	1568	27	mario	mario	PROPN
iiclr-17591	1568	28	sarcinelli	sarcinelli	PROPN
iiclr-17591	1568	29	,	,	PUNCT
iiclr-17591	1568	30	quoted	quote	VERB
iiclr-17591	1568	31	in	in	ADP
iiclr-17591	1568	32	mario	mario	PROPN
iiclr-17591	1568	33	calderoni	calderoni	PROPN
iiclr-17591	1568	34	,	,	PUNCT
iiclr-17591	1568	35	"	"	PUNCT
iiclr-17591	1568	36	non	non	X
iiclr-17591	1568	37	va	va	PROPN
iiclr-17591	1568	38	la	la	PROPN
iiclr-17591	1568	39	banca	banca	PROPN
iiclr-17591	1568	40	alla	alla	PROPN
iiclr-17591	1568	41	tedesca	tedesca	PROPN
iiclr-17591	1568	42	,	,	PUNCT
iiclr-17591	1568	43	"	"	PUNCT
iiclr-17591	1568	44	il	il	PROPN
iiclr-17591	1568	45	sole24	sole24	NOUN
iiclr-17591	1568	46	ore	ore	PROPN
iiclr-17591	1568	47	,	,	PUNCT
iiclr-17591	1568	48	aug	aug	PROPN
iiclr-17591	1568	49	.	.	PROPN
iiclr-17591	1568	50	3	3	NUM
iiclr-17591	1568	51	,	,	PUNCT
iiclr-17591	1568	52	1995	1995	NUM
iiclr-17591	1568	53	,	,	PUNCT
iiclr-17591	1568	54	at	at	ADP
iiclr-17591	1568	55	21	21	NUM
iiclr-17591	1568	56	)	)	PUNCT
iiclr-17591	1568	57	.	.	PUNCT
iiclr-17591	1569	1	one	one	NUM
iiclr-17591	1569	2	of	of	ADP
iiclr-17591	1569	3	the	the	DET
iiclr-17591	1569	4	few	few	ADJ
iiclr-17591	1569	5	relevant	relevant	ADJ
iiclr-17591	1569	6	cases	case	NOUN
iiclr-17591	1569	7	of	of	ADP
iiclr-17591	1569	8	bank	bank	NOUN
iiclr-17591	1569	9	ownership	ownership	NOUN
iiclr-17591	1569	10	in	in	ADP
iiclr-17591	1569	11	non	non	ADJ
iiclr-17591	1569	12	-	-	ADJ
iiclr-17591	1569	13	financial	financial	ADJ
iiclr-17591	1569	14	firms	firm	NOUN
iiclr-17591	1569	15	was	be	AUX
iiclr-17591	1569	16	the	the	DET
iiclr-17591	1569	17	situation	situation	NOUN
iiclr-17591	1569	18	of	of	ADP
iiclr-17591	1569	19	the	the	DET
iiclr-17591	1569	20	ferruzzi	ferruzzi	PROPN
iiclr-17591	1569	21	group	group	NOUN
iiclr-17591	1569	22	(	(	PUNCT
iiclr-17591	1569	23	which	which	PRON
iiclr-17591	1569	24	includes	include	VERB
iiclr-17591	1569	25	montedison	montedison	NOUN
iiclr-17591	1569	26	s.p.a	s.p.a	PROPN
iiclr-17591	1569	27	.	.	PUNCT
iiclr-17591	1569	28	)	)	PUNCT
iiclr-17591	1570	1	in	in	ADP
iiclr-17591	1570	2	1993	1993	NUM
iiclr-17591	1570	3	-	-	SYM
iiclr-17591	1570	4	95	95	NUM
iiclr-17591	1570	5	.	.	PUNCT
iiclr-17591	1571	1	the	the	DET
iiclr-17591	1571	2	group	group	NOUN
iiclr-17591	1571	3	fell	fall	VERB
iiclr-17591	1571	4	under	under	ADP
iiclr-17591	1571	5	the	the	DET
iiclr-17591	1571	6	control	control	NOUN
iiclr-17591	1571	7	of	of	ADP
iiclr-17591	1571	8	banks	bank	NOUN
iiclr-17591	1571	9	that	that	PRON
iiclr-17591	1571	10	,	,	PUNCT
iiclr-17591	1571	11	thanks	thank	NOUN
iiclr-17591	1571	12	to	to	ADP
iiclr-17591	1571	13	the	the	DET
iiclr-17591	1571	14	above	above	ADJ
iiclr-17591	1571	15	mentioned	mention	VERB
iiclr-17591	1571	16	dismantling	dismantle	VERB
iiclr-17591	1571	17	of	of	ADP
iiclr-17591	1571	18	the	the	DET
iiclr-17591	1571	19	firewalls	firewall	NOUN
iiclr-17591	1571	20	between	between	ADP
iiclr-17591	1571	21	banks	bank	NOUN
iiclr-17591	1571	22	and	and	CCONJ
iiclr-17591	1571	23	non	non	ADJ
iiclr-17591	1571	24	-	-	ADJ
iiclr-17591	1571	25	banking	banking	ADJ
iiclr-17591	1571	26	firms	firm	NOUN
iiclr-17591	1571	27	,	,	PUNCT
iiclr-17591	1571	28	in	in	ADP
iiclr-17591	1571	29	1993	1993	NUM
iiclr-17591	1571	30	rescued	rescue	VERB
iiclr-17591	1571	31	it	it	PRON
iiclr-17591	1571	32	from	from	ADP
iiclr-17591	1571	33	a	a	DET
iiclr-17591	1571	34	deep	deep	ADJ
iiclr-17591	1571	35	financial	financial	ADJ
iiclr-17591	1571	36	crisis	crisis	NOUN
iiclr-17591	1571	37	through	through	ADP
iiclr-17591	1571	38	an	an	DET
iiclr-17591	1571	39	exchange	exchange	NOUN
iiclr-17591	1571	40	of	of	ADP
iiclr-17591	1571	41	stock	stock	NOUN
iiclr-17591	1571	42	for	for	ADP
iiclr-17591	1571	43	debt	debt	NOUN
iiclr-17591	1571	44	(	(	PUNCT
iiclr-17591	1571	45	see	see	VERB
iiclr-17591	1571	46	supra	supra	PROPN
iiclr-17591	1571	47	note	note	PROPN
iiclr-17591	1571	48	161	161	NUM
iiclr-17591	1571	49	)	)	PUNCT
iiclr-17591	1571	50	.	.	PUNCT
iiclr-17591	1572	1	the	the	DET
iiclr-17591	1572	2	controlling	control	VERB
iiclr-17591	1572	3	banks	bank	NOUN
iiclr-17591	1572	4	,	,	PUNCT
iiclr-17591	1572	5	however	however	ADV
iiclr-17591	1572	6	,	,	PUNCT
iiclr-17591	1572	7	far	far	ADV
iiclr-17591	1572	8	from	from	ADP
iiclr-17591	1572	9	seeing	see	VERB
iiclr-17591	1572	10	their	their	PRON
iiclr-17591	1572	11	control	control	NOUN
iiclr-17591	1572	12	as	as	ADP
iiclr-17591	1572	13	a	a	DET
iiclr-17591	1572	14	final	final	ADJ
iiclr-17591	1572	15	state	state	NOUN
iiclr-17591	1572	16	,	,	PUNCT
iiclr-17591	1572	17	are	be	AUX
iiclr-17591	1572	18	actively	actively	ADV
iiclr-17591	1572	19	seeking	seek	VERB
iiclr-17591	1572	20	a	a	DET
iiclr-17591	1572	21	way	way	NOUN
iiclr-17591	1572	22	to	to	ADP
iiclr-17591	1572	23	cash	cash	NOUN
iiclr-17591	1572	24	-	-	PUNCT
iiclr-17591	1572	25	out	out	ADP
iiclr-17591	1572	26	their	their	PRON
iiclr-17591	1572	27	investment	investment	NOUN
iiclr-17591	1572	28	,	,	PUNCT
iiclr-17591	1572	29	or	or	CCONJ
iiclr-17591	1572	30	to	to	PART
iiclr-17591	1572	31	reduce	reduce	VERB
iiclr-17591	1572	32	its	its	PRON
iiclr-17591	1572	33	size	size	NOUN
iiclr-17591	1572	34	in	in	ADP
iiclr-17591	1572	35	september	september	PROPN
iiclr-17591	1572	36	1995	1995	NUM
iiclr-17591	1572	37	.	.	PUNCT
iiclr-17591	1572	38	)	)	PUNCT
iiclr-17591	1573	1	186	186	NUM
iiclr-17591	1573	2	.	.	PUNCT
iiclr-17591	1574	1	c.c	c.c	PROPN
iiclr-17591	1574	2	.	.	PROPN
iiclr-17591	1574	3	art	art	PROPN
iiclr-17591	1574	4	.	.	PUNCT
iiclr-17591	1575	1	2372	2372	NUM
iiclr-17591	1575	2	(	(	PUNCT
iiclr-17591	1575	3	italy	italy	PROPN
iiclr-17591	1575	4	)	)	PUNCT
iiclr-17591	1575	5	limits	limit	VERB
iiclr-17591	1575	6	the	the	DET
iiclr-17591	1575	7	number	number	NOUN
iiclr-17591	1575	8	of	of	ADP
iiclr-17591	1575	9	proxies	proxy	NOUN
iiclr-17591	1575	10	each	each	DET
iiclr-17591	1575	11	person	person	NOUN
iiclr-17591	1575	12	can	can	AUX
iiclr-17591	1575	13	be	be	AUX
iiclr-17591	1575	14	given	give	VERB
iiclr-17591	1575	15	and	and	CCONJ
iiclr-17591	1575	16	prohibits	prohibit	VERB
iiclr-17591	1575	17	banks	bank	NOUN
iiclr-17591	1575	18	(	(	PUNCT
iiclr-17591	1575	19	and	and	CCONJ
iiclr-17591	1575	20	other	other	ADJ
iiclr-17591	1575	21	people	people	NOUN
iiclr-17591	1575	22	and	and	CCONJ
iiclr-17591	1575	23	entities	entity	NOUN
iiclr-17591	1575	24	,	,	PUNCT
iiclr-17591	1575	25	such	such	ADJ
iiclr-17591	1575	26	as	as	ADP
iiclr-17591	1575	27	directors	director	NOUN
iiclr-17591	1575	28	,	,	PUNCT
iiclr-17591	1575	29	auditors	auditor	NOUN
iiclr-17591	1575	30	,	,	PUNCT
iiclr-17591	1575	31	subsidiaries	subsidiary	NOUN
iiclr-17591	1575	32	,	,	PUNCT
iiclr-17591	1575	33	etc	etc	X
iiclr-17591	1575	34	.	.	X
iiclr-17591	1575	35	)	)	PUNCT
iiclr-17591	1575	36	from	from	ADP
iiclr-17591	1575	37	receiving	receive	VERB
iiclr-17591	1575	38	proxies	proxy	NOUN
iiclr-17591	1575	39	.	.	PUNCT
iiclr-17591	1576	1	the	the	DET
iiclr-17591	1576	2	rule	rule	NOUN
iiclr-17591	1576	3	was	be	AUX
iiclr-17591	1576	4	introduced	introduce	VERB
iiclr-17591	1576	5	in	in	ADP
iiclr-17591	1576	6	1974	1974	NUM
iiclr-17591	1576	7	as	as	ADP
iiclr-17591	1576	8	part	part	NOUN
iiclr-17591	1576	9	of	of	ADP
iiclr-17591	1576	10	a	a	DET
iiclr-17591	1576	11	wider	wide	ADJ
iiclr-17591	1576	12	attempt	attempt	NOUN
iiclr-17591	1576	13	to	to	PART
iiclr-17591	1576	14	moralize	moralize	VERB
iiclr-17591	1576	15	the	the	DET
iiclr-17591	1576	16	market	market	NOUN
iiclr-17591	1576	17	and	and	CCONJ
iiclr-17591	1576	18	reduce	reduce	VERB
iiclr-17591	1576	19	separation	separation	NOUN
iiclr-17591	1576	20	between	between	ADP
iiclr-17591	1576	21	ownership	ownership	NOUN
iiclr-17591	1576	22	and	and	CCONJ
iiclr-17591	1576	23	control	control	NOUN
iiclr-17591	1576	24	,	,	PUNCT
iiclr-17591	1576	25	but	but	CCONJ
iiclr-17591	1576	26	it	it	PRON
iiclr-17591	1576	27	seems	seem	VERB
iiclr-17591	1576	28	under	under	ADP
iiclr-17591	1576	29	many	many	ADJ
iiclr-17591	1576	30	respects	respect	NOUN
iiclr-17591	1576	31	ill	ill	ADV
iiclr-17591	1576	32	-	-	PUNCT
iiclr-17591	1576	33	conceived	conceive	VERB
iiclr-17591	1576	34	(	(	PUNCT
iiclr-17591	1576	35	see	see	VERB
iiclr-17591	1576	36	a	a	DET
iiclr-17591	1576	37	critique	critique	NOUN
iiclr-17591	1576	38	by	by	ADP
iiclr-17591	1576	39	pier	pier	NOUN
iiclr-17591	1576	40	giusto	giusto	NOUN
iiclr-17591	1576	41	jaeger	jaeger	NOUN
iiclr-17591	1576	42	,	,	PUNCT
iiclr-17591	1576	43	la	la	PROPN
iiclr-17591	1576	44	nuova	nuova	PROPN
iiclr-17591	1576	45	disciplina	disciplina	PROPN
iiclr-17591	1576	46	della	della	PROPN
iiclr-17591	1576	47	rappresentanza	rappresentanza	PROPN
iiclr-17591	1576	48	azionaria	azionaria	PROPN
iiclr-17591	1576	49	,	,	PUNCT
iiclr-17591	1576	50	1974	1974	NUM
iiclr-17591	1576	51	giurmsprudenza	giurmsprudenza	VERB
iiclr-17591	1576	52	commerciale	commerciale	PROPN
iiclr-17591	1576	53	i	i	PROPN
iiclr-17591	1576	54	,	,	PUNCT
iiclr-17591	1576	55	554	554	NUM
iiclr-17591	1576	56	)	)	PUNCT
iiclr-17591	1576	57	.	.	PUNCT
iiclr-17591	1577	1	this	this	DET
iiclr-17591	1577	2	rule	rule	NOUN
iiclr-17591	1577	3	is	be	AUX
iiclr-17591	1577	4	considered	consider	VERB
iiclr-17591	1577	5	burdensome	burdensome	ADJ
iiclr-17591	1577	6	and	and	CCONJ
iiclr-17591	1577	7	unfavorable	unfavorable	ADJ
iiclr-17591	1577	8	for	for	ADP
iiclr-17591	1577	9	minority	minority	NOUN
iiclr-17591	1577	10	shareholders	shareholder	NOUN
iiclr-17591	1577	11	by	by	ADP
iiclr-17591	1577	12	american	american	ADJ
iiclr-17591	1577	13	institutional	institutional	ADJ
iiclr-17591	1577	14	investors	investor	NOUN
iiclr-17591	1577	15	(	(	PUNCT
iiclr-17591	1577	16	see	see	VERB
iiclr-17591	1577	17	interview	interview	NOUN
iiclr-17591	1577	18	of	of	ADP
iiclr-17591	1577	19	howard	howard	PROPN
iiclr-17591	1577	20	sherman	sherman	PROPN
iiclr-17591	1577	21	of	of	ADP
iiclr-17591	1577	22	institutional	institutional	PROPN
iiclr-17591	1577	23	investors	investors	PROPN
iiclr-17591	1577	24	service	service	PROPN
iiclr-17591	1577	25	,	,	PUNCT
iiclr-17591	1577	26	washington	washington	PROPN
iiclr-17591	1577	27	d.c	d.c	PROPN
iiclr-17591	1577	28	.	.	PROPN
iiclr-17591	1577	29	,	,	PUNCT
iiclr-17591	1577	30	in	in	ADP
iiclr-17591	1577	31	giuliano	giuliano	PROPN
iiclr-17591	1577	32	boggiali	boggiali	PROPN
iiclr-17591	1577	33	&	&	CCONJ
iiclr-17591	1577	34	stefania	stefania	PROPN
iiclr-17591	1577	35	pensabene	pensabene	PROPN
iiclr-17591	1577	36	,	,	PUNCT
iiclr-17591	1577	37	italia	italia	PROPN
iiclr-17591	1577	38	nel	nel	PROPN
iiclr-17591	1577	39	mirino	mirino	PROPN
iiclr-17591	1577	40	dei	dei	PROPN
iiclr-17591	1577	41	gestori	gestori	PROPN
iiclr-17591	1577	42	usa	usa	PROPN
iiclr-17591	1577	43	,	,	PUNCT
iiclr-17591	1577	44	il	il	PROPN
iiclr-17591	1577	45	sole	sole	ADJ
iiclr-17591	1577	46	-24	-24	PUNCT
iiclr-17591	1577	47	ore	ore	NOUN
iiclr-17591	1577	48	,	,	PUNCT
iiclr-17591	1577	49	mar	mar	PROPN
iiclr-17591	1577	50	.	.	PROPN
iiclr-17591	1577	51	5	5	NUM
iiclr-17591	1577	52	,	,	PUNCT
iiclr-17591	1577	53	1994	1994	NUM
iiclr-17591	1577	54	,	,	PUNCT
iiclr-17591	1577	55	at	at	ADP
iiclr-17591	1577	56	21	21	NUM
iiclr-17591	1577	57	)	)	PUNCT
iiclr-17591	1577	58	.	.	PUNCT
iiclr-17591	1578	1	187	187	NUM
iiclr-17591	1578	2	.	.	PUNCT
iiclr-17591	1579	1	this	this	DET
iiclr-17591	1579	2	institution	institution	NOUN
iiclr-17591	1579	3	is	be	AUX
iiclr-17591	1579	4	mediobanca	mediobanca	NOUN
iiclr-17591	1579	5	s.p.a	s.p.a	PROPN
iiclr-17591	1579	6	.	.	PROPN
iiclr-17591	1579	7	,	,	PUNCT
iiclr-17591	1579	8	which	which	PRON
iiclr-17591	1579	9	buys	buy	VERB
iiclr-17591	1579	10	and	and	CCONJ
iiclr-17591	1579	11	holds	hold	VERB
iiclr-17591	1579	12	minority	minority	NOUN
iiclr-17591	1579	13	stock	stock	NOUN
iiclr-17591	1579	14	in	in	ADP
iiclr-17591	1579	15	financial	financial	ADJ
iiclr-17591	1579	16	and	and	CCONJ
iiclr-17591	1579	17	industrial	industrial	ADJ
iiclr-17591	1579	18	companies	company	NOUN
iiclr-17591	1579	19	.	.	PUNCT
iiclr-17591	1580	1	the	the	DET
iiclr-17591	1580	2	role	role	NOUN
iiclr-17591	1580	3	mediobanca	mediobanca	NOUN
iiclr-17591	1580	4	has	have	AUX
iiclr-17591	1580	5	played	play	VERB
iiclr-17591	1580	6	in	in	ADP
iiclr-17591	1580	7	shaping	shape	VERB
iiclr-17591	1580	8	italian	italian	ADJ
iiclr-17591	1580	9	capitalism	capitalism	NOUN
iiclr-17591	1580	10	is	be	AUX
iiclr-17591	1580	11	criticized	criticize	VERB
iiclr-17591	1580	12	by	by	ADP
iiclr-17591	1580	13	fabrizio	fabrizio	PROPN
iiclr-17591	1580	14	barca	barca	PROPN
iiclr-17591	1580	15	,	,	PUNCT
iiclr-17591	1580	16	imprese	imprese	PROPN
iiclr-17591	1580	17	in	in	ADP
iiclr-17591	1580	18	cerca	cerca	PROPN
iiclr-17591	1580	19	di	di	X
iiclr-17591	1580	20	padrone	padrone	PROPN
iiclr-17591	1580	21	.	.	PUNCT
iiclr-17591	1581	1	proprieta	proprieta	PROPN
iiclr-17591	1581	2	e	e	PROPN
iiclr-17591	1581	3	controllo	controllo	PROPN
iiclr-17591	1581	4	nel	nel	PROPN
iiclr-17591	1581	5	capitalismo	capitalismo	PROPN
iiclr-17591	1581	6	italiano	italiano	PROPN
iiclr-17591	1582	1	[	[	X
iiclr-17591	1582	2	firms	firm	NOUN
iiclr-17591	1582	3	looking	look	VERB
iiclr-17591	1582	4	for	for	ADP
iiclr-17591	1582	5	owners	owner	NOUN
iiclr-17591	1582	6	.	.	PUNCT
iiclr-17591	1583	1	ownership	ownership	NOUN
iiclr-17591	1583	2	and	and	CCONJ
iiclr-17591	1583	3	control	control	NOUN
iiclr-17591	1583	4	in	in	ADP
iiclr-17591	1583	5	italian	italian	ADJ
iiclr-17591	1583	6	caprralism	caprralism	NOUN
iiclr-17591	1583	7	]	]	PUNCT
iiclr-17591	1583	8	182	182	NUM
iiclr-17591	1583	9	,	,	PUNCT
iiclr-17591	1583	10	204	204	NUM
iiclr-17591	1583	11	-	-	SYM
iiclr-17591	1583	12	06	06	NUM
iiclr-17591	1583	13	(	(	PUNCT
iiclr-17591	1583	14	1994	1994	NUM
iiclr-17591	1583	15	)	)	PUNCT
iiclr-17591	1583	16	(	(	PUNCT
iiclr-17591	1583	17	the	the	DET
iiclr-17591	1583	18	institution	institution	NOUN
iiclr-17591	1583	19	survived	survive	VERB
iiclr-17591	1583	20	the	the	DET
iiclr-17591	1583	21	banking	banking	NOUN
iiclr-17591	1583	22	crisis	crisis	NOUN
iiclr-17591	1583	23	of	of	ADP
iiclr-17591	1583	24	the	the	DET
iiclr-17591	1583	25	early	early	ADJ
iiclr-17591	1583	26	'	'	NOUN
iiclr-17591	1583	27	30s	30	NOUN
iiclr-17591	1583	28	as	as	ADP
iiclr-17591	1583	29	[	[	X
iiclr-17591	1583	30	vol	vol	NOUN
iiclr-17591	1583	31	.	.	PUNCT
iiclr-17591	1584	1	6:1	6:1	NUM
iiclr-17591	1584	2	corporate	corporate	ADJ
iiclr-17591	1584	3	governance	governance	NOUN
iiclr-17591	1584	4	in	in	ADP
iiclr-17591	1584	5	italy	italy	PROPN
iiclr-17591	1584	6	companies	company	NOUN
iiclr-17591	1584	7	(	(	PUNCT
iiclr-17591	1584	8	most	most	ADJ
iiclr-17591	1584	9	of	of	ADP
iiclr-17591	1584	10	them	they	PRON
iiclr-17591	1584	11	holding	hold	VERB
iiclr-17591	1584	12	companies	company	NOUN
iiclr-17591	1584	13	)	)	PUNCT
iiclr-17591	1584	14	are	be	AUX
iiclr-17591	1584	15	vehicles	vehicle	NOUN
iiclr-17591	1584	16	for	for	ADP
iiclr-17591	1584	17	outright	outright	ADJ
iiclr-17591	1584	18	control	control	NOUN
iiclr-17591	1584	19	,	,	PUNCT
iiclr-17591	1584	20	whether	whether	SCONJ
iiclr-17591	1584	21	exerted	exert	VERB
iiclr-17591	1584	22	by	by	ADP
iiclr-17591	1584	23	absolute	absolute	ADJ
iiclr-17591	1584	24	majority	majority	NOUN
iiclr-17591	1584	25	or	or	CCONJ
iiclr-17591	1584	26	by	by	ADP
iiclr-17591	1584	27	a	a	DET
iiclr-17591	1584	28	minority	minority	NOUN
iiclr-17591	1584	29	but	but	CCONJ
iiclr-17591	1584	30	controlling	control	VERB
iiclr-17591	1584	31	block	block	NOUN
iiclr-17591	1584	32	.	.	PUNCT
iiclr-17591	1585	1	'88	'88	NUM
iiclr-17591	1585	2	the	the	DET
iiclr-17591	1585	3	practice	practice	NOUN
iiclr-17591	1585	4	of	of	ADP
iiclr-17591	1585	5	hiring	hire	VERB
iiclr-17591	1585	6	professional	professional	ADJ
iiclr-17591	1585	7	managers	manager	NOUN
iiclr-17591	1585	8	for	for	ADP
iiclr-17591	1585	9	the	the	DET
iiclr-17591	1585	10	highest	high	ADJ
iiclr-17591	1585	11	level	level	NOUN
iiclr-17591	1585	12	posts	post	NOUN
iiclr-17591	1585	13	(	(	PUNCT
iiclr-17591	1585	14	namely	namely	ADV
iiclr-17591	1585	15	,	,	PUNCT
iiclr-17591	1585	16	delegated	delegate	VERB
iiclr-17591	1585	17	director	director	NOUN
iiclr-17591	1585	18	)	)	PUNCT
iiclr-17591	1585	19	is	be	AUX
iiclr-17591	1585	20	widespread,'89	widespread,'89	PROPN
iiclr-17591	1585	21	and	and	CCONJ
iiclr-17591	1585	22	it	it	PRON
iiclr-17591	1585	23	seems	seem	VERB
iiclr-17591	1585	24	to	to	PART
iiclr-17591	1585	25	be	be	AUX
iiclr-17591	1585	26	entirely	entirely	ADV
iiclr-17591	1585	27	wise	wise	ADJ
iiclr-17591	1585	28	.	.	PUNCT
iiclr-17591	1586	1	even	even	ADV
iiclr-17591	1586	2	so	so	ADV
iiclr-17591	1586	3	,	,	PUNCT
iiclr-17591	1586	4	the	the	DET
iiclr-17591	1586	5	presence	presence	NOUN
iiclr-17591	1586	6	of	of	ADP
iiclr-17591	1586	7	large	large	ADJ
iiclr-17591	1586	8	shareholders	shareholder	NOUN
iiclr-17591	1586	9	is	be	AUX
iiclr-17591	1586	10	strong	strong	ADJ
iiclr-17591	1586	11	,	,	PUNCT
iiclr-17591	1586	12	on	on	ADP
iiclr-17591	1586	13	the	the	DET
iiclr-17591	1586	14	board	board	NOUN
iiclr-17591	1586	15	as	as	ADV
iiclr-17591	1586	16	well	well	ADV
iiclr-17591	1586	17	as	as	ADP
iiclr-17591	1586	18	outside	outside	ADP
iiclr-17591	1586	19	it	it	PRON
iiclr-17591	1586	20	,	,	PUNCT
iiclr-17591	1586	21	and	and	CCONJ
iiclr-17591	1586	22	their	their	PRON
iiclr-17591	1586	23	supervision	supervision	NOUN
iiclr-17591	1586	24	of	of	ADP
iiclr-17591	1586	25	managers	manager	NOUN
iiclr-17591	1586	26	is	be	AUX
iiclr-17591	1586	27	extremely	extremely	ADV
iiclr-17591	1586	28	effective	effective	ADJ
iiclr-17591	1586	29	.	.	PUNCT
iiclr-17591	1587	1	we	we	PRON
iiclr-17591	1587	2	can	can	AUX
iiclr-17591	1587	3	fairly	fairly	ADV
iiclr-17591	1587	4	say	say	VERB
iiclr-17591	1587	5	,	,	PUNCT
iiclr-17591	1587	6	in	in	ADP
iiclr-17591	1587	7	sum	sum	NOUN
iiclr-17591	1587	8	,	,	PUNCT
iiclr-17591	1587	9	that	that	SCONJ
iiclr-17591	1587	10	large	large	ADJ
iiclr-17591	1587	11	shareholders	shareholder	NOUN
iiclr-17591	1587	12	of	of	ADP
iiclr-17591	1587	13	italian	italian	ADJ
iiclr-17591	1587	14	companies	company	NOUN
iiclr-17591	1587	15	are	be	AUX
iiclr-17591	1587	16	nothing	nothing	PRON
iiclr-17591	1587	17	less	less	ADJ
iiclr-17591	1587	18	than	than	ADP
iiclr-17591	1587	19	entrepreneurs	entrepreneur	NOUN
iiclr-17591	1587	20	with	with	ADP
iiclr-17591	1587	21	limited	limited	ADJ
iiclr-17591	1587	22	liability	liability	NOUN
iiclr-17591	1587	23	.	.	PUNCT
iiclr-17591	1588	1	'9	'9	NOUN
iiclr-17591	1588	2	°	°	PROPN
iiclr-17591	1589	1	virtually	virtually	ADV
iiclr-17591	1589	2	the	the	DET
iiclr-17591	1589	3	sole	sole	ADJ
iiclr-17591	1589	4	consulting	consulting	NOUN
iiclr-17591	1589	5	service	service	NOUN
iiclr-17591	1589	6	provider	provider	NOUN
iiclr-17591	1589	7	,	,	PUNCT
iiclr-17591	1589	8	and	and	CCONJ
iiclr-17591	1589	9	later	later	ADV
iiclr-17591	1589	10	assumed	assume	VERB
iiclr-17591	1589	11	a	a	DET
iiclr-17591	1589	12	role	role	NOUN
iiclr-17591	1589	13	of	of	ADP
iiclr-17591	1589	14	capital	capital	NOUN
iiclr-17591	1589	15	provider	provider	NOUN
iiclr-17591	1589	16	;	;	PUNCT
iiclr-17591	1589	17	the	the	DET
iiclr-17591	1589	18	effects	effect	NOUN
iiclr-17591	1589	19	of	of	ADP
iiclr-17591	1589	20	its	its	PRON
iiclr-17591	1589	21	actions	action	NOUN
iiclr-17591	1589	22	,	,	PUNCT
iiclr-17591	1589	23	however	however	ADV
iiclr-17591	1589	24	,	,	PUNCT
iiclr-17591	1589	25	have	have	AUX
iiclr-17591	1589	26	been	be	AUX
iiclr-17591	1589	27	more	more	ADJ
iiclr-17591	1589	28	to	to	PART
iiclr-17591	1589	29	reinforce	reinforce	VERB
iiclr-17591	1589	30	group	group	NOUN
iiclr-17591	1589	31	and	and	CCONJ
iiclr-17591	1589	32	family	family	NOUN
iiclr-17591	1589	33	relationships	relationship	NOUN
iiclr-17591	1589	34	than	than	SCONJ
iiclr-17591	1589	35	to	to	PART
iiclr-17591	1589	36	ease	ease	VERB
iiclr-17591	1589	37	the	the	DET
iiclr-17591	1589	38	optimal	optimal	ADJ
iiclr-17591	1589	39	allocation	allocation	NOUN
iiclr-17591	1589	40	of	of	ADP
iiclr-17591	1589	41	control	control	NOUN
iiclr-17591	1589	42	)	)	PUNCT
iiclr-17591	1589	43	.	.	PUNCT
iiclr-17591	1590	1	a	a	DET
iiclr-17591	1590	2	critical	critical	ADJ
iiclr-17591	1590	3	assessment	assessment	NOUN
iiclr-17591	1590	4	of	of	ADP
iiclr-17591	1590	5	mediobanca	mediobanca	NOUN
iiclr-17591	1590	6	's	's	PART
iiclr-17591	1590	7	role	role	NOUN
iiclr-17591	1590	8	is	be	AUX
iiclr-17591	1590	9	found	find	VERB
iiclr-17591	1590	10	also	also	ADV
iiclr-17591	1590	11	in	in	ADP
iiclr-17591	1590	12	mediobanca	mediobanca	PROPN
iiclr-17591	1590	13	,	,	PUNCT
iiclr-17591	1590	14	italy	italy	PROPN
iiclr-17591	1590	15	's	's	PART
iiclr-17591	1590	16	insider	insider	NOUN
iiclr-17591	1590	17	bank	bank	NOUN
iiclr-17591	1590	18	,	,	PUNCT
iiclr-17591	1590	19	wants	want	VERB
iiclr-17591	1590	20	to	to	PART
iiclr-17591	1590	21	write	write	VERB
iiclr-17591	1590	22	guest	guest	NOUN
iiclr-17591	1590	23	list	list	NOUN
iiclr-17591	1590	24	for	for	ADP
iiclr-17591	1590	25	key	key	ADJ
iiclr-17591	1590	26	privatization	privatization	NOUN
iiclr-17591	1590	27	,	,	PUNCT
iiclr-17591	1591	1	the	the	DET
iiclr-17591	1591	2	wall	wall	PROPN
iiclr-17591	1591	3	st	st	PROPN
iiclr-17591	1591	4	.	.	PROPN
iiclr-17591	1591	5	j.	j.	PROPN
iiclr-17591	1591	6	,	,	PUNCT
iiclr-17591	1591	7	mar	mar	PROPN
iiclr-17591	1591	8	.	.	PROPN
iiclr-17591	1591	9	22	22	NUM
iiclr-17591	1591	10	,	,	PUNCT
iiclr-17591	1591	11	1995	1995	NUM
iiclr-17591	1591	12	,	,	PUNCT
iiclr-17591	1591	13	at	at	ADP
iiclr-17591	1591	14	a12	a12	NOUN
iiclr-17591	1591	15	(	(	PUNCT
iiclr-17591	1591	16	relating	relate	VERB
iiclr-17591	1591	17	to	to	ADP
iiclr-17591	1591	18	the	the	DET
iiclr-17591	1591	19	possible	possible	ADJ
iiclr-17591	1591	20	role	role	NOUN
iiclr-17591	1591	21	of	of	ADP
iiclr-17591	1591	22	mediobanca	mediobanca	NOUN
iiclr-17591	1591	23	in	in	ADP
iiclr-17591	1591	24	the	the	DET
iiclr-17591	1591	25	future	future	ADJ
iiclr-17591	1591	26	privatization	privatization	NOUN
iiclr-17591	1591	27	of	of	ADP
iiclr-17591	1591	28	stet	stet	PROPN
iiclr-17591	1591	29	s.p.a	s.p.a	PROPN
iiclr-17591	1591	30	.	.	PUNCT
iiclr-17591	1591	31	)	)	PUNCT
iiclr-17591	1591	32	.	.	PUNCT
iiclr-17591	1592	1	188	188	NUM
iiclr-17591	1592	2	.	.	PUNCT
iiclr-17591	1593	1	ronald	ronald	PROPN
iiclr-17591	1593	2	j.	j.	PROPN
iiclr-17591	1593	3	gilson	gilson	PROPN
iiclr-17591	1593	4	&	&	CCONJ
iiclr-17591	1593	5	reinier	reinier	PROPN
iiclr-17591	1593	6	kraakman	kraakman	PROPN
iiclr-17591	1593	7	,	,	PUNCT
iiclr-17591	1593	8	investment	investment	NOUN
iiclr-17591	1593	9	companies	company	NOUN
iiclr-17591	1593	10	as	as	ADP
iiclr-17591	1593	11	guardian	guardian	ADJ
iiclr-17591	1593	12	shareholders	shareholder	NOUN
iiclr-17591	1593	13	:	:	PUNCT
iiclr-17591	1593	14	the	the	DET
iiclr-17591	1593	15	place	place	NOUN
iiclr-17591	1593	16	of	of	ADP
iiclr-17591	1593	17	msic	msic	NOUN
iiclr-17591	1593	18	in	in	ADP
iiclr-17591	1593	19	the	the	DET
iiclr-17591	1593	20	corporate	corporate	ADJ
iiclr-17591	1593	21	governance	governance	NOUN
iiclr-17591	1593	22	debate	debate	NOUN
iiclr-17591	1593	23	,	,	PUNCT
iiclr-17591	1593	24	45	45	NUM
iiclr-17591	1593	25	stan	stan	PROPN
iiclr-17591	1593	26	.	.	PUNCT
iiclr-17591	1594	1	l.	l.	PROPN
iiclr-17591	1594	2	rev	rev	PROPN
iiclr-17591	1594	3	.	.	PROPN
iiclr-17591	1595	1	985	985	NUM
iiclr-17591	1595	2	(	(	PUNCT
iiclr-17591	1595	3	1993	1993	NUM
iiclr-17591	1595	4	)	)	PUNCT
iiclr-17591	1596	1	,	,	PUNCT
iiclr-17591	1596	2	describes	describe	VERB
iiclr-17591	1596	3	the	the	DET
iiclr-17591	1596	4	structure	structure	NOUN
iiclr-17591	1596	5	of	of	ADP
iiclr-17591	1596	6	institutions	institution	NOUN
iiclr-17591	1596	7	defined	define	VERB
iiclr-17591	1596	8	as	as	ADP
iiclr-17591	1596	9	managerial	managerial	ADJ
iiclr-17591	1596	10	strategic	strategic	ADJ
iiclr-17591	1596	11	investment	investment	NOUN
iiclr-17591	1596	12	companies	company	NOUN
iiclr-17591	1596	13	(	(	PUNCT
iiclr-17591	1596	14	msics	msic	NOUN
iiclr-17591	1596	15	)	)	PUNCT
iiclr-17591	1596	16	and	and	CCONJ
iiclr-17591	1596	17	the	the	DET
iiclr-17591	1596	18	legal	legal	ADJ
iiclr-17591	1596	19	constraint	constraint	NOUN
iiclr-17591	1596	20	they	they	PRON
iiclr-17591	1596	21	would	would	AUX
iiclr-17591	1596	22	face	face	VERB
iiclr-17591	1596	23	in	in	ADP
iiclr-17591	1596	24	america	america	PROPN
iiclr-17591	1596	25	.	.	PUNCT
iiclr-17591	1597	1	msics	msic	NOUN
iiclr-17591	1597	2	are	be	AUX
iiclr-17591	1597	3	institutions	institution	NOUN
iiclr-17591	1597	4	that	that	PRON
iiclr-17591	1597	5	make	make	VERB
iiclr-17591	1597	6	"	"	PUNCT
iiclr-17591	1597	7	large	large	ADJ
iiclr-17591	1597	8	and	and	CCONJ
iiclr-17591	1597	9	active	active	ADJ
iiclr-17591	1597	10	equity	equity	NOUN
iiclr-17591	1597	11	investments	investment	NOUN
iiclr-17591	1597	12	in	in	ADP
iiclr-17591	1597	13	a	a	DET
iiclr-17591	1597	14	small	small	ADJ
iiclr-17591	1597	15	portfolio	portfolio	NOUN
iiclr-17591	1597	16	of	of	ADP
iiclr-17591	1597	17	public	public	ADJ
iiclr-17591	1597	18	companies	company	NOUN
iiclr-17591	1597	19	"	"	PUNCT
iiclr-17591	1597	20	(	(	PUNCT
iiclr-17591	1597	21	i	i	PROPN
iiclr-17591	1597	22	d	d	PROPN
iiclr-17591	1597	23	at	at	ADP
iiclr-17591	1597	24	992	992	NUM
iiclr-17591	1597	25	)	)	PUNCT
iiclr-17591	1597	26	and	and	CCONJ
iiclr-17591	1597	27	create	create	VERB
iiclr-17591	1597	28	value	value	NOUN
iiclr-17591	1597	29	by	by	ADP
iiclr-17591	1597	30	constantly	constantly	ADV
iiclr-17591	1597	31	monitoring	monitor	VERB
iiclr-17591	1597	32	the	the	DET
iiclr-17591	1597	33	management	management	NOUN
iiclr-17591	1597	34	of	of	ADP
iiclr-17591	1597	35	portfolio	portfolio	NOUN
iiclr-17591	1597	36	companies	company	NOUN
iiclr-17591	1597	37	,	,	PUNCT
iiclr-17591	1597	38	participating	participate	VERB
iiclr-17591	1597	39	on	on	ADP
iiclr-17591	1597	40	their	their	PRON
iiclr-17591	1597	41	boards	board	NOUN
iiclr-17591	1597	42	without	without	ADP
iiclr-17591	1597	43	assuming	assume	VERB
iiclr-17591	1597	44	outright	outright	ADJ
iiclr-17591	1597	45	control	control	NOUN
iiclr-17591	1597	46	over	over	ADP
iiclr-17591	1597	47	them	they	PRON
iiclr-17591	1597	48	.	.	PUNCT
iiclr-17591	1598	1	the	the	DET
iiclr-17591	1598	2	authors	author	NOUN
iiclr-17591	1598	3	(	(	PUNCT
iiclr-17591	1598	4	i	i	PRON
iiclr-17591	1598	5	d.	d.	PROPN
iiclr-17591	1598	6	at	at	ADP
iiclr-17591	1598	7	992	992	NUM
iiclr-17591	1598	8	n.29	n.29	NOUN
iiclr-17591	1598	9	)	)	PUNCT
iiclr-17591	1598	10	include	include	VERB
iiclr-17591	1598	11	among	among	ADP
iiclr-17591	1598	12	examples	example	NOUN
iiclr-17591	1598	13	of	of	ADP
iiclr-17591	1598	14	european	european	ADJ
iiclr-17591	1598	15	msics	msic	NOUN
iiclr-17591	1598	16	the	the	DET
iiclr-17591	1598	17	italian	italian	ADJ
iiclr-17591	1598	18	ferruzzi	ferruzzi	PROPN
iiclr-17591	1598	19	finanziaria	finanziaria	PROPN
iiclr-17591	1598	20	,	,	PUNCT
iiclr-17591	1598	21	compagnie	compagnie	PROPN
iiclr-17591	1598	22	italiane	italiane	PROPN
iiclr-17591	1598	23	riunite	riunite	PROPN
iiclr-17591	1598	24	(	(	PUNCT
iiclr-17591	1598	25	cir	cir	NOUN
iiclr-17591	1598	26	)	)	PUNCT
iiclr-17591	1598	27	,	,	PUNCT
iiclr-17591	1598	28	and	and	CCONJ
iiclr-17591	1598	29	istituto	istituto	X
iiclr-17591	1598	30	finanziario	finanziario	PROPN
iiclr-17591	1598	31	industriale	industriale	NOUN
iiclr-17591	1598	32	(	(	PUNCT
iiclr-17591	1598	33	fi	fi	NOUN
iiclr-17591	1598	34	)	)	PUNCT
iiclr-17591	1598	35	.	.	PUNCT
iiclr-17591	1599	1	this	this	DET
iiclr-17591	1599	2	inclusion	inclusion	NOUN
iiclr-17591	1599	3	is	be	AUX
iiclr-17591	1599	4	incorrect	incorrect	ADJ
iiclr-17591	1599	5	.	.	PUNCT
iiclr-17591	1600	1	ferruzzi	ferruzzi	PROPN
iiclr-17591	1600	2	finanziaria	finanziaria	PROPN
iiclr-17591	1600	3	,	,	PUNCT
iiclr-17591	1600	4	cir	cir	NOUN
iiclr-17591	1600	5	,	,	PUNCT
iiclr-17591	1600	6	and	and	CCONJ
iiclr-17591	1600	7	ifi	ifi	PROPN
iiclr-17591	1600	8	do	do	AUX
iiclr-17591	1600	9	not	not	PART
iiclr-17591	1600	10	appear	appear	VERB
iiclr-17591	1600	11	to	to	PART
iiclr-17591	1600	12	be	be	AUX
iiclr-17591	1600	13	simple	simple	ADJ
iiclr-17591	1600	14	monitors	monitor	NOUN
iiclr-17591	1600	15	;	;	PUNCT
iiclr-17591	1600	16	rather	rather	ADV
iiclr-17591	1600	17	,	,	PUNCT
iiclr-17591	1600	18	they	they	PRON
iiclr-17591	1600	19	appear	appear	VERB
iiclr-17591	1600	20	to	to	PART
iiclr-17591	1600	21	fully	fully	ADV
iiclr-17591	1600	22	control	control	VERB
iiclr-17591	1600	23	their	their	PRON
iiclr-17591	1600	24	portfolio	portfolio	NOUN
iiclr-17591	1600	25	companies	company	NOUN
iiclr-17591	1600	26	,	,	PUNCT
iiclr-17591	1600	27	and	and	CCONJ
iiclr-17591	1600	28	particularly	particularly	ADV
iiclr-17591	1600	29	the	the	DET
iiclr-17591	1600	30	most	most	ADV
iiclr-17591	1600	31	important	important	ADJ
iiclr-17591	1600	32	among	among	ADP
iiclr-17591	1600	33	them	they	PRON
iiclr-17591	1600	34	(	(	PUNCT
iiclr-17591	1600	35	which	which	PRON
iiclr-17591	1600	36	is	be	AUX
iiclr-17591	1600	37	,	,	PUNCT
iiclr-17591	1600	38	respectively	respectively	ADV
iiclr-17591	1600	39	,	,	PUNCT
iiclr-17591	1600	40	montedison	montedison	NOUN
iiclr-17591	1600	41	s.p.a	s.p.a	PROPN
iiclr-17591	1600	42	.	.	PROPN
iiclr-17591	1600	43	,	,	PUNCT
iiclr-17591	1600	44	olivetti	olivetti	PROPN
iiclr-17591	1600	45	s.p.a	s.p.a	PROPN
iiclr-17591	1600	46	.	.	PROPN
iiclr-17591	1600	47	,	,	PUNCT
iiclr-17591	1600	48	and	and	CCONJ
iiclr-17591	1600	49	fiat	fiat	PROPN
iiclr-17591	1600	50	s.p.a	s.p.a	PROPN
iiclr-17591	1600	51	.	.	PROPN
iiclr-17591	1600	52	,	,	PUNCT
iiclr-17591	1600	53	controlled	control	VERB
iiclr-17591	1600	54	through	through	ADP
iiclr-17591	1600	55	a	a	DET
iiclr-17591	1600	56	less	less	ADJ
iiclr-17591	1600	57	than	than	ADP
iiclr-17591	1600	58	absolute	absolute	ADJ
iiclr-17591	1600	59	majority	majority	NOUN
iiclr-17591	1600	60	stake	stake	NOUN
iiclr-17591	1600	61	)	)	PUNCT
iiclr-17591	1600	62	.	.	PUNCT
iiclr-17591	1601	1	true	true	ADJ
iiclr-17591	1601	2	,	,	PUNCT
iiclr-17591	1601	3	they	they	PRON
iiclr-17591	1601	4	also	also	ADV
iiclr-17591	1601	5	have	have	VERB
iiclr-17591	1601	6	minority	minority	NOUN
iiclr-17591	1601	7	stakes	stake	NOUN
iiclr-17591	1601	8	,	,	PUNCT
iiclr-17591	1601	9	but	but	CCONJ
iiclr-17591	1601	10	such	such	ADJ
iiclr-17591	1601	11	stakes	stake	NOUN
iiclr-17591	1601	12	are	be	AUX
iiclr-17591	1601	13	more	more	ADJ
iiclr-17591	1601	14	"	"	PUNCT
iiclr-17591	1601	15	commitments	commitment	NOUN
iiclr-17591	1601	16	"	"	PUNCT
iiclr-17591	1601	17	to	to	PART
iiclr-17591	1601	18	reinforce	reinforce	VERB
iiclr-17591	1601	19	strategic	strategic	ADJ
iiclr-17591	1601	20	alliances	alliance	NOUN
iiclr-17591	1601	21	than	than	ADP
iiclr-17591	1601	22	financial	financial	ADJ
iiclr-17591	1601	23	investments	investment	NOUN
iiclr-17591	1601	24	.	.	PUNCT
iiclr-17591	1602	1	in	in	ADP
iiclr-17591	1602	2	other	other	ADJ
iiclr-17591	1602	3	words	word	NOUN
iiclr-17591	1602	4	,	,	PUNCT
iiclr-17591	1602	5	ferruzzi	ferruzzi	PROPN
iiclr-17591	1602	6	finanziaria	finanziaria	PROPN
iiclr-17591	1602	7	,	,	PUNCT
iiclr-17591	1602	8	cir	cir	NOUN
iiclr-17591	1602	9	.	.	PUNCT
iiclr-17591	1602	10	and	and	CCONJ
iiclr-17591	1602	11	ifi	ifi	PROPN
iiclr-17591	1602	12	are	be	AUX
iiclr-17591	1602	13	not	not	PART
iiclr-17591	1602	14	monitoring	monitor	VERB
iiclr-17591	1602	15	institutions	institution	NOUN
iiclr-17591	1602	16	,	,	PUNCT
iiclr-17591	1602	17	but	but	CCONJ
iiclr-17591	1602	18	active	active	ADJ
iiclr-17591	1602	19	enterprises	enterprise	NOUN
iiclr-17591	1602	20	in	in	ADP
iiclr-17591	1602	21	every	every	DET
iiclr-17591	1602	22	sense	sense	NOUN
iiclr-17591	1602	23	.	.	PUNCT
iiclr-17591	1603	1	189	189	NUM
iiclr-17591	1603	2	.	.	PUNCT
iiclr-17591	1604	1	the	the	DET
iiclr-17591	1604	2	delegated	delegate	VERB
iiclr-17591	1604	3	directors	director	NOUN
iiclr-17591	1604	4	of	of	ADP
iiclr-17591	1604	5	all	all	DET
iiclr-17591	1604	6	the	the	DET
iiclr-17591	1604	7	largest	large	ADJ
iiclr-17591	1604	8	italian	italian	ADJ
iiclr-17591	1604	9	groups	group	NOUN
iiclr-17591	1604	10	(	(	PUNCT
iiclr-17591	1604	11	fiat	fiat	PROPN
iiclr-17591	1604	12	,	,	PUNCT
iiclr-17591	1604	13	olivetti	olivetti	PROPN
iiclr-17591	1604	14	,	,	PUNCT
iiclr-17591	1604	15	fininvest	fininvest	NOUN
iiclr-17591	1604	16	,	,	PUNCT
iiclr-17591	1604	17	credito	credito	PROPN
iiclr-17591	1604	18	italiano	italiano	PROPN
iiclr-17591	1604	19	,	,	PUNCT
iiclr-17591	1604	20	banca	banca	PROPN
iiclr-17591	1604	21	commerciale	commerciale	PROPN
iiclr-17591	1604	22	italiana	italiana	PROPN
iiclr-17591	1604	23	,	,	PUNCT
iiclr-17591	1604	24	benetton	benetton	PROPN
iiclr-17591	1604	25	,	,	PUNCT
iiclr-17591	1604	26	etc	etc	X
iiclr-17591	1604	27	.	.	X
iiclr-17591	1604	28	)	)	PUNCT
iiclr-17591	1604	29	,	,	PUNCT
iiclr-17591	1604	30	are	be	AUX
iiclr-17591	1604	31	professional	professional	ADJ
iiclr-17591	1604	32	full	full	ADJ
iiclr-17591	1604	33	-	-	PUNCT
iiclr-17591	1604	34	time	time	NOUN
iiclr-17591	1604	35	managers	manager	NOUN
iiclr-17591	1604	36	,	,	PUNCT
iiclr-17591	1604	37	some	some	PRON
iiclr-17591	1604	38	of	of	ADP
iiclr-17591	1604	39	whom	whom	PRON
iiclr-17591	1604	40	have	have	AUX
iiclr-17591	1604	41	served	serve	VERB
iiclr-17591	1604	42	in	in	ADP
iiclr-17591	1604	43	more	more	ADJ
iiclr-17591	1604	44	than	than	ADP
iiclr-17591	1604	45	one	one	NUM
iiclr-17591	1604	46	firm	firm	NOUN
iiclr-17591	1604	47	during	during	ADP
iiclr-17591	1604	48	their	their	PRON
iiclr-17591	1604	49	careers	career	NOUN
iiclr-17591	1604	50	.	.	PUNCT
iiclr-17591	1605	1	a	a	DET
iiclr-17591	1605	2	complete	complete	ADJ
iiclr-17591	1605	3	study	study	NOUN
iiclr-17591	1605	4	of	of	ADP
iiclr-17591	1605	5	the	the	DET
iiclr-17591	1605	6	background	background	NOUN
iiclr-17591	1605	7	of	of	ADP
iiclr-17591	1605	8	managers	manager	NOUN
iiclr-17591	1605	9	,	,	PUNCT
iiclr-17591	1605	10	their	their	PRON
iiclr-17591	1605	11	incentives	incentive	NOUN
iiclr-17591	1605	12	,	,	PUNCT
iiclr-17591	1605	13	their	their	PRON
iiclr-17591	1605	14	relationship	relationship	NOUN
iiclr-17591	1605	15	with	with	ADP
iiclr-17591	1605	16	majority	majority	NOUN
iiclr-17591	1605	17	shareholders	shareholder	NOUN
iiclr-17591	1605	18	,	,	PUNCT
iiclr-17591	1605	19	and	and	CCONJ
iiclr-17591	1605	20	their	their	PRON
iiclr-17591	1605	21	ability	ability	NOUN
iiclr-17591	1605	22	to	to	PART
iiclr-17591	1605	23	shift	shift	VERB
iiclr-17591	1605	24	from	from	ADP
iiclr-17591	1605	25	one	one	NUM
iiclr-17591	1605	26	firm	firm	NOUN
iiclr-17591	1605	27	to	to	ADP
iiclr-17591	1605	28	another	another	PRON
iiclr-17591	1605	29	would	would	AUX
iiclr-17591	1605	30	give	give	VERB
iiclr-17591	1605	31	powerful	powerful	ADJ
iiclr-17591	1605	32	insights	insight	NOUN
iiclr-17591	1605	33	into	into	ADP
iiclr-17591	1605	34	the	the	DET
iiclr-17591	1605	35	italian	italian	ADJ
iiclr-17591	1605	36	corporate	corporate	ADJ
iiclr-17591	1605	37	governance	governance	NOUN
iiclr-17591	1605	38	system	system	NOUN
iiclr-17591	1605	39	.	.	PUNCT
iiclr-17591	1606	1	unfortunately	unfortunately	ADV
iiclr-17591	1606	2	,	,	PUNCT
iiclr-17591	1606	3	such	such	DET
iiclr-17591	1606	4	a	a	DET
iiclr-17591	1606	5	study	study	NOUN
iiclr-17591	1606	6	still	still	ADV
iiclr-17591	1606	7	has	have	VERB
iiclr-17591	1606	8	to	to	PART
iiclr-17591	1606	9	be	be	AUX
iiclr-17591	1606	10	done	do	VERB
iiclr-17591	1606	11	.	.	PUNCT
iiclr-17591	1607	1	190	190	NUM
iiclr-17591	1607	2	.	.	PUNCT
iiclr-17591	1608	1	this	this	PRON
iiclr-17591	1608	2	is	be	AUX
iiclr-17591	1608	3	the	the	DET
iiclr-17591	1608	4	underlying	underlying	ADJ
iiclr-17591	1608	5	assumption	assumption	NOUN
iiclr-17591	1608	6	of	of	ADP
iiclr-17591	1608	7	francesco	francesco	PROPN
iiclr-17591	1608	8	corsi	corsi	PROPN
iiclr-17591	1608	9	,	,	PUNCT
iiclr-17591	1608	10	leziont	leziont	NOUN
iiclr-17591	1608	11	of	of	ADP
iiclr-17591	1608	12	dipjo	dipjo	PROPN
iiclr-17591	1608	13	dell'impresa	dell'impresa	PROPN
iiclr-17591	1608	14	166	166	NUM
iiclr-17591	1608	15	-	-	SYM
iiclr-17591	1608	16	68	68	NUM
iiclr-17591	1608	17	(	(	PUNCT
iiclr-17591	1608	18	1992	1992	NUM
iiclr-17591	1608	19	)	)	PUNCT
iiclr-17591	1608	20	,	,	PUNCT
iiclr-17591	1608	21	who	who	PRON
iiclr-17591	1608	22	proposes	propose	VERB
iiclr-17591	1608	23	a	a	DET
iiclr-17591	1608	24	"	"	PUNCT
iiclr-17591	1608	25	research	research	NOUN
iiclr-17591	1608	26	of	of	ADP
iiclr-17591	1608	27	the	the	DET
iiclr-17591	1608	28	lost	lost	ADJ
iiclr-17591	1608	29	entrepreneur	entrepreneur	NOUN
iiclr-17591	1608	30	"	"	PUNCT
iiclr-17591	1608	31	for	for	ADP
iiclr-17591	1608	32	economic	economic	ADJ
iiclr-17591	1608	33	policy	policy	NOUN
iiclr-17591	1608	34	purposes	purpose	NOUN
iiclr-17591	1608	35	.	.	PUNCT
iiclr-17591	1609	1	a	a	DET
iiclr-17591	1609	2	defacto	defacto	ADJ
iiclr-17591	1609	3	distinction	distinction	NOUN
iiclr-17591	1609	4	between	between	ADP
iiclr-17591	1609	5	shareholders	shareholder	NOUN
iiclr-17591	1609	6	-	-	PUNCT
iiclr-17591	1609	7	entrepreneurs	entrepreneur	NOUN
iiclr-17591	1609	8	and	and	CCONJ
iiclr-17591	1609	9	shareholderscapital	shareholderscapital	ADJ
iiclr-17591	1609	10	providers	provider	NOUN
iiclr-17591	1609	11	,	,	PUNCT
iiclr-17591	1609	12	long	long	ADV
iiclr-17591	1609	13	noticed	notice	VERB
iiclr-17591	1609	14	,	,	PUNCT
iiclr-17591	1609	15	is	be	AUX
iiclr-17591	1609	16	particularly	particularly	ADV
iiclr-17591	1609	17	stressed	stress	VERB
iiclr-17591	1609	18	by	by	ADP
iiclr-17591	1609	19	roberto	roberto	PROPN
iiclr-17591	1609	20	weigmann	weigmann	PROPN
iiclr-17591	1609	21	,	,	PUNCT
iiclr-17591	1609	22	concorrenza	concorrenza	PROPN
iiclr-17591	1609	23	emercato	emercato	PROPN
iiclr-17591	1609	24	azionario	azionario	PROPN
iiclr-17591	1609	25	13	13	NUM
iiclr-17591	1609	26	(	(	PUNCT
iiclr-17591	1609	27	1978	1978	NUM
iiclr-17591	1609	28	)	)	PUNCT
iiclr-17591	1609	29	;	;	PUNCT
iiclr-17591	1609	30	pier	pier	NOUN
iiclr-17591	1609	31	giusto	giusto	NOUN
iiclr-17591	1609	32	jaeger	jaeger	NOUN
iiclr-17591	1609	33	,	,	PUNCT
iiclr-17591	1609	34	gli	gli	NOUN
iiclr-17591	1609	35	azionisti	azionisti	NOUN
iiclr-17591	1609	36	:	:	PUNCT
iiclr-17591	1609	37	spuntiper	spuntiper	PROPN
iiclr-17591	1609	38	una	una	PROPN
iiclr-17591	1609	39	discussione	discussione	PROPN
iiclr-17591	1609	40	,	,	PUNCT
iiclr-17591	1609	41	1993	1993	NUM
iiclr-17591	1609	42	giurisprudenza	giurisprudenza	NOUN
iiclr-17591	1609	43	commercale	commercale	NOUN
iiclr-17591	1609	44	23	23	NUM
iiclr-17591	1609	45	,	,	PUNCT
iiclr-17591	1609	46	38	38	NUM
iiclr-17591	1609	47	;	;	PUNCT
iiclr-17591	1609	48	disiano	disiano	NOUN
iiclr-17591	1609	49	preite	preite	ADJ
iiclr-17591	1609	50	,	,	PUNCT
iiclr-17591	1609	51	investitori	investitori	PROPN
iiclr-17591	1609	52	istituzionali	istituzionali	VERB
iiclr-17591	1609	53	e	e	PROPN
iiclr-17591	1609	54	riforma	riforma	PROPN
iiclr-17591	1609	55	del	del	PROPN
iiclr-17591	1609	56	diritto	diritto	PROPN
iiclr-17591	1609	57	delle	delle	NOUN
iiclr-17591	1609	58	societti	societti	NOUN
iiclr-17591	1609	59	per	per	ADP
iiclr-17591	1609	60	azioni	azioni	PROPN
iiclr-17591	1609	61	,	,	PUNCT
iiclr-17591	1609	62	1993	1993	NUM
iiclr-17591	1609	63	rivista	rivista	NOUN
iiclr-17591	1609	64	delle	delle	NOUN
iiclr-17591	1609	65	soc'rrk	soc'rrk	NOUN
iiclr-17591	1609	66	476	476	NUM
iiclr-17591	1609	67	,	,	PUNCT
iiclr-17591	1609	68	480	480	NUM
iiclr-17591	1609	69	.	.	PUNCT
iiclr-17591	1609	70	1995	1995	NUM
iiclr-17591	1609	71	]	]	X
iiclr-17591	1609	72	ind	ind	NOUN
iiclr-17591	1609	73	.	.	PUNCT
iiclr-17591	1610	1	int	int	NOUN
iiclr-17591	1610	2	'	'	PUNCT
iiclr-17591	1610	3	l	l	NOUN
iiclr-17591	1610	4	&	&	CCONJ
iiclr-17591	1610	5	comp	comp	PROPN
iiclr-17591	1610	6	.	.	PUNCT
iiclr-17591	1611	1	l	l	PROPN
iiclr-17591	1611	2	rev	rev	PROPN
iiclr-17591	1611	3	.	.	PROPN
iiclr-17591	1611	4	i.	i.	PROPN
iiclr-17591	1611	5	factors	factor	NOUN
iiclr-17591	1611	6	determining	determine	VERB
iiclr-17591	1611	7	the	the	DET
iiclr-17591	1611	8	concentrated	concentrated	ADJ
iiclr-17591	1611	9	ownership	ownership	NOUN
iiclr-17591	1611	10	structure	structure	NOUN
iiclr-17591	1611	11	of	of	ADP
iiclr-17591	1611	12	italian	italian	ADJ
iiclr-17591	1611	13	companies	company	NOUN
iiclr-17591	1611	14	.	.	PUNCT
iiclr-17591	1612	1	many	many	ADJ
iiclr-17591	1612	2	factors	factor	NOUN
iiclr-17591	1612	3	can	can	AUX
iiclr-17591	1612	4	be	be	AUX
iiclr-17591	1612	5	traced	trace	VERB
iiclr-17591	1612	6	as	as	ADP
iiclr-17591	1612	7	determining	determine	VERB
iiclr-17591	1612	8	the	the	DET
iiclr-17591	1612	9	peculiar	peculiar	ADJ
iiclr-17591	1612	10	,	,	PUNCT
iiclr-17591	1612	11	highly	highly	ADV
iiclr-17591	1612	12	concentrated	concentrated	ADJ
iiclr-17591	1612	13	ownership	ownership	NOUN
iiclr-17591	1612	14	structure	structure	NOUN
iiclr-17591	1612	15	of	of	ADP
iiclr-17591	1612	16	italian	italian	ADJ
iiclr-17591	1612	17	companies	company	NOUN
iiclr-17591	1612	18	.	.	PUNCT
iiclr-17591	1613	1	a	a	DET
iiclr-17591	1613	2	complete	complete	ADJ
iiclr-17591	1613	3	assessment	assessment	NOUN
iiclr-17591	1613	4	of	of	ADP
iiclr-17591	1613	5	the	the	DET
iiclr-17591	1613	6	factors	factor	NOUN
iiclr-17591	1613	7	contributing	contribute	VERB
iiclr-17591	1613	8	to	to	ADP
iiclr-17591	1613	9	the	the	DET
iiclr-17591	1613	10	present	present	ADJ
iiclr-17591	1613	11	shape	shape	NOUN
iiclr-17591	1613	12	of	of	ADP
iiclr-17591	1613	13	italian	italian	ADJ
iiclr-17591	1613	14	capitalism	capitalism	NOUN
iiclr-17591	1613	15	exceeds	exceed	VERB
iiclr-17591	1613	16	the	the	DET
iiclr-17591	1613	17	scope	scope	NOUN
iiclr-17591	1613	18	of	of	ADP
iiclr-17591	1613	19	this	this	DET
iiclr-17591	1613	20	paper	paper	NOUN
iiclr-17591	1613	21	.	.	PUNCT
iiclr-17591	1614	1	i	i	PRON
iiclr-17591	1614	2	will	will	AUX
iiclr-17591	1614	3	list	list	VERB
iiclr-17591	1614	4	only	only	ADV
iiclr-17591	1614	5	the	the	DET
iiclr-17591	1614	6	most	most	ADV
iiclr-17591	1614	7	relevant	relevant	ADJ
iiclr-17591	1614	8	among	among	ADP
iiclr-17591	1614	9	them	they	PRON
iiclr-17591	1614	10	.	.	PUNCT
iiclr-17591	1615	1	factors	factor	NOUN
iiclr-17591	1615	2	that	that	PRON
iiclr-17591	1615	3	favored	favor	VERB
iiclr-17591	1615	4	the	the	DET
iiclr-17591	1615	5	concentration	concentration	NOUN
iiclr-17591	1615	6	can	can	AUX
iiclr-17591	1615	7	be	be	AUX
iiclr-17591	1615	8	divided	divide	VERB
iiclr-17591	1615	9	into	into	ADP
iiclr-17591	1615	10	two	two	NUM
iiclr-17591	1615	11	main	main	ADJ
iiclr-17591	1615	12	categories	category	NOUN
iiclr-17591	1615	13	:	:	PUNCT
iiclr-17591	1615	14	factors	factor	NOUN
iiclr-17591	1615	15	that	that	PRON
iiclr-17591	1615	16	have	have	AUX
iiclr-17591	1615	17	traditionally	traditionally	ADV
iiclr-17591	1615	18	restrained	restrain	VERB
iiclr-17591	1615	19	the	the	DET
iiclr-17591	1615	20	offer	offer	NOUN
iiclr-17591	1615	21	of	of	ADP
iiclr-17591	1615	22	equity	equity	NOUN
iiclr-17591	1615	23	capital	capital	NOUN
iiclr-17591	1615	24	by	by	ADP
iiclr-17591	1615	25	enterprises	enterprise	NOUN
iiclr-17591	1615	26	and	and	CCONJ
iiclr-17591	1615	27	factors	factor	NOUN
iiclr-17591	1615	28	that	that	PRON
iiclr-17591	1615	29	have	have	AUX
iiclr-17591	1615	30	restrained	restrain	VERB
iiclr-17591	1615	31	the	the	DET
iiclr-17591	1615	32	demand	demand	NOUN
iiclr-17591	1615	33	of	of	ADP
iiclr-17591	1615	34	equity	equity	NOUN
iiclr-17591	1615	35	capital	capital	NOUN
iiclr-17591	1615	36	by	by	ADP
iiclr-17591	1615	37	investors	investor	NOUN
iiclr-17591	1615	38	.	.	PUNCT
iiclr-17591	1616	1	in	in	ADP
iiclr-17591	1616	2	italy	italy	PROPN
iiclr-17591	1616	3	,	,	PUNCT
iiclr-17591	1616	4	many	many	ADJ
iiclr-17591	1616	5	firms	firm	NOUN
iiclr-17591	1616	6	,	,	PUNCT
iiclr-17591	1616	7	even	even	ADV
iiclr-17591	1616	8	very	very	ADV
iiclr-17591	1616	9	large	large	ADJ
iiclr-17591	1616	10	ones	one	NOUN
iiclr-17591	1616	11	,	,	PUNCT
iiclr-17591	1616	12	and	and	CCONJ
iiclr-17591	1616	13	entire	entire	ADJ
iiclr-17591	1616	14	industrial	industrial	ADJ
iiclr-17591	1616	15	sectors	sector	NOUN
iiclr-17591	1616	16	have	have	AUX
iiclr-17591	1616	17	developed	develop	VERB
iiclr-17591	1616	18	independently	independently	ADV
iiclr-17591	1616	19	of	of	ADP
iiclr-17591	1616	20	the	the	DET
iiclr-17591	1616	21	public	public	ADJ
iiclr-17591	1616	22	market	market	NOUN
iiclr-17591	1616	23	.	.	PUNCT
iiclr-17591	1617	1	there	there	PRON
iiclr-17591	1617	2	are	be	VERB
iiclr-17591	1617	3	many	many	ADJ
iiclr-17591	1617	4	reasons	reason	NOUN
iiclr-17591	1617	5	for	for	ADP
iiclr-17591	1617	6	this	this	DET
iiclr-17591	1617	7	peculiar	peculiar	ADJ
iiclr-17591	1617	8	phenomenon	phenomenon	NOUN
iiclr-17591	1617	9	.	.	PUNCT
iiclr-17591	1618	1	first	first	ADV
iiclr-17591	1618	2	,	,	PUNCT
iiclr-17591	1618	3	in	in	ADP
iiclr-17591	1618	4	italy	italy	PROPN
iiclr-17591	1618	5	the	the	DET
iiclr-17591	1618	6	state	state	NOUN
iiclr-17591	1618	7	has	have	AUX
iiclr-17591	1618	8	traditionally	traditionally	ADV
iiclr-17591	1618	9	offered	offer	VERB
iiclr-17591	1618	10	services	service	NOUN
iiclr-17591	1618	11	that	that	PRON
iiclr-17591	1618	12	in	in	ADP
iiclr-17591	1618	13	america	america	PROPN
iiclr-17591	1618	14	were	be	AUX
iiclr-17591	1618	15	offered	offer	VERB
iiclr-17591	1618	16	by	by	ADP
iiclr-17591	1618	17	the	the	DET
iiclr-17591	1618	18	first	first	ADJ
iiclr-17591	1618	19	giant	giant	ADJ
iiclr-17591	1618	20	corporations	corporation	NOUN
iiclr-17591	1618	21	.	.	PUNCT
iiclr-17591	1619	1	the	the	DET
iiclr-17591	1619	2	development	development	NOUN
iiclr-17591	1619	3	of	of	ADP
iiclr-17591	1619	4	railways	railway	NOUN
iiclr-17591	1619	5	,	,	PUNCT
iiclr-17591	1619	6	cited	cite	VERB
iiclr-17591	1619	7	by	by	ADP
iiclr-17591	1619	8	many	many	ADJ
iiclr-17591	1619	9	as	as	ADP
iiclr-17591	1619	10	a	a	DET
iiclr-17591	1619	11	determining	determine	VERB
iiclr-17591	1619	12	factor	factor	NOUN
iiclr-17591	1619	13	in	in	ADP
iiclr-17591	1619	14	early	early	ADJ
iiclr-17591	1619	15	american	american	ADJ
iiclr-17591	1619	16	development	development	NOUN
iiclr-17591	1619	17	,	,	PUNCT
iiclr-17591	1619	18	was	be	AUX
iiclr-17591	1619	19	carried	carry	VERB
iiclr-17591	1619	20	out	out	ADP
iiclr-17591	1619	21	by	by	ADP
iiclr-17591	1619	22	large	large	ADJ
iiclr-17591	1619	23	public	public	ADJ
iiclr-17591	1619	24	corporations	corporation	NOUN
iiclr-17591	1619	25	,	,	PUNCT
iiclr-17591	1619	26	several	several	ADJ
iiclr-17591	1619	27	of	of	ADP
iiclr-17591	1619	28	which	which	PRON
iiclr-17591	1619	29	were	be	AUX
iiclr-17591	1619	30	mentioned	mention	VERB
iiclr-17591	1619	31	by	by	ADP
iiclr-17591	1619	32	berle	berle	NOUN
iiclr-17591	1619	33	and	and	CCONJ
iiclr-17591	1619	34	means	mean	NOUN
iiclr-17591	1619	35	,	,	PUNCT
iiclr-17591	1619	36	'	'	PUNCT
iiclr-17591	1619	37	9	9	NUM
iiclr-17591	1619	38	'	'	PUNCT
iiclr-17591	1619	39	whereas	whereas	SCONJ
iiclr-17591	1619	40	in	in	ADP
iiclr-17591	1619	41	italy	italy	PROPN
iiclr-17591	1619	42	railway	railway	NOUN
iiclr-17591	1619	43	development	development	NOUN
iiclr-17591	1619	44	was	be	AUX
iiclr-17591	1619	45	furthered	further	VERB
iiclr-17591	1619	46	by	by	ADP
iiclr-17591	1619	47	the	the	DET
iiclr-17591	1619	48	state	state	NOUN
iiclr-17591	1619	49	.	.	PUNCT
iiclr-17591	1620	1	the	the	DET
iiclr-17591	1620	2	same	same	ADJ
iiclr-17591	1620	3	can	can	AUX
iiclr-17591	1620	4	be	be	AUX
iiclr-17591	1620	5	said	say	VERB
iiclr-17591	1620	6	for	for	ADP
iiclr-17591	1620	7	public	public	ADJ
iiclr-17591	1620	8	utilities	utility	NOUN
iiclr-17591	1620	9	.	.	PUNCT
iiclr-17591	1621	1	these	these	DET
iiclr-17591	1621	2	undertakings	undertaking	NOUN
iiclr-17591	1621	3	by	by	ADP
iiclr-17591	1621	4	the	the	DET
iiclr-17591	1621	5	state	state	NOUN
iiclr-17591	1621	6	deprived	deprive	VERB
iiclr-17591	1621	7	the	the	DET
iiclr-17591	1621	8	italian	italian	ADJ
iiclr-17591	1621	9	public	public	ADJ
iiclr-17591	1621	10	capital	capital	NOUN
iiclr-17591	1621	11	market	market	NOUN
iiclr-17591	1621	12	of	of	ADP
iiclr-17591	1621	13	the	the	DET
iiclr-17591	1621	14	pathbreaking	pathbreake	VERB
iiclr-17591	1621	15	examples	example	NOUN
iiclr-17591	1621	16	of	of	ADP
iiclr-17591	1621	17	giant	giant	ADJ
iiclr-17591	1621	18	corporations	corporation	NOUN
iiclr-17591	1621	19	,	,	PUNCT
iiclr-17591	1621	20	which	which	PRON
iiclr-17591	1621	21	could	could	AUX
iiclr-17591	1621	22	have	have	AUX
iiclr-17591	1621	23	been	be	AUX
iiclr-17591	1621	24	successfully	successfully	ADV
iiclr-17591	1621	25	imitated	imitate	VERB
iiclr-17591	1621	26	by	by	ADP
iiclr-17591	1621	27	other	other	ADJ
iiclr-17591	1621	28	firms	firm	NOUN
iiclr-17591	1621	29	.	.	PUNCT
iiclr-17591	1622	1	and	and	CCONJ
iiclr-17591	1622	2	many	many	ADJ
iiclr-17591	1622	3	large	large	ADJ
iiclr-17591	1622	4	firms	firm	NOUN
iiclr-17591	1622	5	that	that	PRON
iiclr-17591	1622	6	actually	actually	ADV
iiclr-17591	1622	7	were	be	AUX
iiclr-17591	1622	8	public	public	ADJ
iiclr-17591	1622	9	ended	end	VERB
iiclr-17591	1622	10	under	under	ADP
iiclr-17591	1622	11	control	control	NOUN
iiclr-17591	1622	12	of	of	ADP
iiclr-17591	1622	13	the	the	DET
iiclr-17591	1622	14	state	state	NOUN
iiclr-17591	1622	15	as	as	ADP
iiclr-17591	1622	16	a	a	DET
iiclr-17591	1622	17	result	result	NOUN
iiclr-17591	1622	18	of	of	ADP
iiclr-17591	1622	19	the	the	DET
iiclr-17591	1622	20	crisis	crisis	NOUN
iiclr-17591	1622	21	of	of	ADP
iiclr-17591	1622	22	the	the	DET
iiclr-17591	1622	23	early	early	ADJ
iiclr-17591	1622	24	'	'	NOUN
iiclr-17591	1622	25	30s	30	NOUN
iiclr-17591	1622	26	.	.	PUNCT
iiclr-17591	1623	1	moreover	moreover	ADV
iiclr-17591	1623	2	,	,	PUNCT
iiclr-17591	1623	3	a	a	DET
iiclr-17591	1623	4	large	large	ADJ
iiclr-17591	1623	5	part	part	NOUN
iiclr-17591	1623	6	of	of	ADP
iiclr-17591	1623	7	the	the	DET
iiclr-17591	1623	8	banking	banking	NOUN
iiclr-17591	1623	9	sector	sector	NOUN
iiclr-17591	1623	10	,	,	PUNCT
iiclr-17591	1623	11	whose	whose	DET
iiclr-17591	1623	12	ownership	ownership	NOUN
iiclr-17591	1623	13	amounts	amount	VERB
iiclr-17591	1623	14	to	to	ADP
iiclr-17591	1623	15	a	a	DET
iiclr-17591	1623	16	very	very	ADV
iiclr-17591	1623	17	high	high	ADJ
iiclr-17591	1623	18	total	total	ADJ
iiclr-17591	1623	19	value	value	NOUN
iiclr-17591	1623	20	,	,	PUNCT
iiclr-17591	1623	21	has	have	AUX
iiclr-17591	1623	22	never	never	ADV
iiclr-17591	1623	23	gone	go	VERB
iiclr-17591	1623	24	through	through	ADP
iiclr-17591	1623	25	a	a	DET
iiclr-17591	1623	26	public	public	ADJ
iiclr-17591	1623	27	offering	offering	NOUN
iiclr-17591	1623	28	of	of	ADP
iiclr-17591	1623	29	equity	equity	NOUN
iiclr-17591	1623	30	.	.	PUNCT
iiclr-17591	1624	1	most	most	ADJ
iiclr-17591	1624	2	italian	italian	ADJ
iiclr-17591	1624	3	banks	bank	NOUN
iiclr-17591	1624	4	have	have	AUX
iiclr-17591	1624	5	indeed	indeed	ADV
iiclr-17591	1624	6	developed	develop	VERB
iiclr-17591	1624	7	as	as	ADP
iiclr-17591	1624	8	not	not	PART
iiclr-17591	1624	9	-	-	PUNCT
iiclr-17591	1624	10	for	for	ADP
iiclr-17591	1624	11	-	-	PUNCT
iiclr-17591	1624	12	profit	profit	NOUN
iiclr-17591	1624	13	institutions	institution	NOUN
iiclr-17591	1624	14	,	,	PUNCT
iiclr-17591	1624	15	with	with	ADP
iiclr-17591	1624	16	their	their	PRON
iiclr-17591	1624	17	roots	root	NOUN
iiclr-17591	1624	18	going	go	VERB
iiclr-17591	1624	19	back	back	ADV
iiclr-17591	1624	20	centuries	century	NOUN
iiclr-17591	1624	21	,	,	PUNCT
iiclr-17591	1624	22	and	and	CCONJ
iiclr-17591	1624	23	their	their	PRON
iiclr-17591	1624	24	growth	growth	NOUN
iiclr-17591	1624	25	has	have	AUX
iiclr-17591	1624	26	so	so	ADV
iiclr-17591	1624	27	far	far	ADV
iiclr-17591	1624	28	been	be	AUX
iiclr-17591	1624	29	financed	finance	VERB
iiclr-17591	1624	30	internally)92	internally)92	ADJ
iiclr-17591	1624	31	(	(	PUNCT
iiclr-17591	1624	32	it	it	PRON
iiclr-17591	1624	33	was	be	AUX
iiclr-17591	1624	34	only	only	ADV
iiclr-17591	1624	35	in	in	ADP
iiclr-17591	1624	36	1990	1990	NUM
iiclr-17591	1624	37	that	that	SCONJ
iiclr-17591	1624	38	a	a	DET
iiclr-17591	1624	39	massive	massive	ADJ
iiclr-17591	1624	40	process	process	NOUN
iiclr-17591	1624	41	of	of	ADP
iiclr-17591	1624	42	transformation	transformation	NOUN
iiclr-17591	1624	43	of	of	ADP
iiclr-17591	1624	44	not	not	PART
iiclr-17591	1624	45	-	-	PUNCT
iiclr-17591	1624	46	for	for	ADP
iiclr-17591	1624	47	-	-	PUNCT
iiclr-17591	1624	48	profit	profit	NOUN
iiclr-17591	1624	49	banks	bank	NOUN
iiclr-17591	1624	50	into	into	ADP
iiclr-17591	1624	51	societb	societb	NOUN
iiclr-17591	1624	52	per	per	ADP
iiclr-17591	1624	53	azioni	azioni	PROPN
iiclr-17591	1624	54	started,'93	started,'93	PROPN
iiclr-17591	1624	55	with	with	ADP
iiclr-17591	1624	56	competitive	competitive	ADJ
iiclr-17591	1624	57	and	and	CCONJ
iiclr-17591	1624	58	financing	financing	NOUN
iiclr-17591	1624	59	goals	goal	NOUN
iiclr-17591	1624	60	that	that	SCONJ
iiclr-17591	1624	61	in	in	ADP
iiclr-17591	1624	62	large	large	ADJ
iiclr-17591	1624	63	part	part	NOUN
iiclr-17591	1624	64	still	still	ADV
iiclr-17591	1624	65	have	have	VERB
iiclr-17591	1624	66	to	to	PART
iiclr-17591	1624	67	be	be	AUX
iiclr-17591	1624	68	achieved	achieve	VERB
iiclr-17591	1624	69	.	.	PUNCT
iiclr-17591	1624	70	)	)	PUNCT
iiclr-17591	1625	1	the	the	DET
iiclr-17591	1625	2	public	public	ADJ
iiclr-17591	1625	3	market	market	NOUN
iiclr-17591	1625	4	,	,	PUNCT
iiclr-17591	1625	5	then	then	ADV
iiclr-17591	1625	6	,	,	PUNCT
iiclr-17591	1625	7	has	have	AUX
iiclr-17591	1625	8	been	be	AUX
iiclr-17591	1625	9	deprived	deprive	VERB
iiclr-17591	1625	10	of	of	ADP
iiclr-17591	1625	11	potential	potential	ADJ
iiclr-17591	1625	12	equity	equity	NOUN
iiclr-17591	1625	13	not	not	PART
iiclr-17591	1625	14	only	only	ADV
iiclr-17591	1625	15	directly	directly	ADV
iiclr-17591	1625	16	by	by	ADP
iiclr-17591	1625	17	the	the	DET
iiclr-17591	1625	18	state	state	NOUN
iiclr-17591	1625	19	,	,	PUNCT
iiclr-17591	1625	20	but	but	CCONJ
iiclr-17591	1625	21	also	also	ADV
iiclr-17591	1625	22	by	by	ADP
iiclr-17591	1625	23	history	history	NOUN
iiclr-17591	1625	24	.	.	PUNCT
iiclr-17591	1626	1	although	although	SCONJ
iiclr-17591	1626	2	important	important	ADJ
iiclr-17591	1626	3	,	,	PUNCT
iiclr-17591	1626	4	these	these	DET
iiclr-17591	1626	5	phenomena	phenomenon	NOUN
iiclr-17591	1626	6	represent	represent	VERB
iiclr-17591	1626	7	only	only	ADV
iiclr-17591	1626	8	the	the	DET
iiclr-17591	1626	9	tip	tip	NOUN
iiclr-17591	1626	10	of	of	ADP
iiclr-17591	1626	11	the	the	DET
iiclr-17591	1626	12	iceberg	iceberg	NOUN
iiclr-17591	1626	13	.	.	PUNCT
iiclr-17591	1627	1	the	the	DET
iiclr-17591	1627	2	reality	reality	NOUN
iiclr-17591	1627	3	is	be	AUX
iiclr-17591	1627	4	that	that	SCONJ
iiclr-17591	1627	5	the	the	DET
iiclr-17591	1627	6	bulk	bulk	NOUN
iiclr-17591	1627	7	of	of	ADP
iiclr-17591	1627	8	italian	italian	ADJ
iiclr-17591	1627	9	private	private	ADJ
iiclr-17591	1627	10	industry	industry	NOUN
iiclr-17591	1627	11	has	have	AUX
iiclr-17591	1627	12	grown	grow	VERB
iiclr-17591	1627	13	without	without	ADP
iiclr-17591	1627	14	the	the	DET
iiclr-17591	1627	15	191	191	NUM
iiclr-17591	1627	16	.	.	PUNCT
iiclr-17591	1628	1	berle	berle	PROPN
iiclr-17591	1628	2	&	&	CCONJ
iiclr-17591	1628	3	means	means	PROPN
iiclr-17591	1628	4	,	,	PUNCT
iiclr-17591	1628	5	supra	supra	PROPN
iiclr-17591	1628	6	note	note	PROPN
iiclr-17591	1628	7	15	15	NUM
iiclr-17591	1628	8	,	,	PUNCT
iiclr-17591	1628	9	at	at	ADP
iiclr-17591	1628	10	23	23	NUM
iiclr-17591	1628	11	.	.	PUNCT
iiclr-17591	1629	1	as	as	ADP
iiclr-17591	1629	2	for	for	ADP
iiclr-17591	1629	3	the	the	DET
iiclr-17591	1629	4	case	case	NOUN
iiclr-17591	1629	5	of	of	ADP
iiclr-17591	1629	6	the	the	DET
iiclr-17591	1629	7	pennsylvania	pennsylvania	PROPN
iiclr-17591	1629	8	railroad	railroad	NOUN
iiclr-17591	1629	9	,	,	PUNCT
iiclr-17591	1629	10	for	for	ADP
iiclr-17591	1629	11	example	example	NOUN
iiclr-17591	1629	12	,	,	PUNCT
iiclr-17591	1629	13	see	see	VERB
iiclr-17591	1629	14	charts	chart	NOUN
iiclr-17591	1629	15	at	at	ADP
iiclr-17591	1629	16	54	54	NUM
iiclr-17591	1629	17	-	-	SYM
iiclr-17591	1629	18	55	55	NUM
iiclr-17591	1629	19	.	.	PUNCT
iiclr-17591	1630	1	192	192	NUM
iiclr-17591	1630	2	.	.	PUNCT
iiclr-17591	1631	1	for	for	ADP
iiclr-17591	1631	2	example	example	NOUN
iiclr-17591	1631	3	,	,	PUNCT
iiclr-17591	1631	4	the	the	DET
iiclr-17591	1631	5	casse	casse	X
iiclr-17591	1631	6	di	di	X
iiclr-17591	1631	7	risparmio	risparmio	PROPN
iiclr-17591	1631	8	[	[	X
iiclr-17591	1631	9	savings	saving	NOUN
iiclr-17591	1631	10	banks	bank	NOUN
iiclr-17591	1631	11	]	]	PUNCT
iiclr-17591	1631	12	,	,	PUNCT
iiclr-17591	1631	13	which	which	PRON
iiclr-17591	1631	14	together	together	ADV
iiclr-17591	1631	15	amount	amount	VERB
iiclr-17591	1631	16	to	to	ADP
iiclr-17591	1631	17	a	a	DET
iiclr-17591	1631	18	very	very	ADV
iiclr-17591	1631	19	large	large	ADJ
iiclr-17591	1631	20	share	share	NOUN
iiclr-17591	1631	21	of	of	ADP
iiclr-17591	1631	22	local	local	ADJ
iiclr-17591	1631	23	retail	retail	ADJ
iiclr-17591	1631	24	banking	banking	NOUN
iiclr-17591	1631	25	,	,	PUNCT
iiclr-17591	1631	26	were	be	AUX
iiclr-17591	1631	27	foundations	foundations	NOUN
iiclr-17591	1631	28	-	-	PUNCT
iiclr-17591	1631	29	public	public	ADJ
iiclr-17591	1631	30	entities	entity	NOUN
iiclr-17591	1631	31	,	,	PUNCT
iiclr-17591	1631	32	as	as	SCONJ
iiclr-17591	1631	33	were	be	AUX
iiclr-17591	1631	34	other	other	ADJ
iiclr-17591	1631	35	important	important	ADJ
iiclr-17591	1631	36	banks	bank	NOUN
iiclr-17591	1631	37	.	.	PUNCT
iiclr-17591	1632	1	most	most	ADJ
iiclr-17591	1632	2	of	of	ADP
iiclr-17591	1632	3	them	they	PRON
iiclr-17591	1632	4	,	,	PUNCT
iiclr-17591	1632	5	pursuant	pursuant	ADJ
iiclr-17591	1632	6	to	to	ADP
iiclr-17591	1632	7	the	the	DET
iiclr-17591	1632	8	law	law	NOUN
iiclr-17591	1632	9	cited	cite	VERB
iiclr-17591	1632	10	in	in	ADP
iiclr-17591	1632	11	the	the	DET
iiclr-17591	1632	12	following	follow	VERB
iiclr-17591	1632	13	note	note	NOUN
iiclr-17591	1632	14	,	,	PUNCT
iiclr-17591	1632	15	have	have	AUX
iiclr-17591	1632	16	now	now	ADV
iiclr-17591	1632	17	undergone	undergo	VERB
iiclr-17591	1632	18	a	a	DET
iiclr-17591	1632	19	process	process	NOUN
iiclr-17591	1632	20	of	of	ADP
iiclr-17591	1632	21	transformation	transformation	NOUN
iiclr-17591	1632	22	in	in	ADP
iiclr-17591	1632	23	societ4	societ4	PROPN
iiclr-17591	1632	24	per	per	ADP
iiclr-17591	1632	25	azioni	azioni	PROPN
iiclr-17591	1632	26	.	.	PUNCT
iiclr-17591	1633	1	193	193	NUM
iiclr-17591	1633	2	.	.	PUNCT
iiclr-17591	1634	1	the	the	DET
iiclr-17591	1634	2	process	process	NOUN
iiclr-17591	1634	3	has	have	AUX
iiclr-17591	1634	4	been	be	AUX
iiclr-17591	1634	5	rendered	render	VERB
iiclr-17591	1634	6	possible	possible	ADJ
iiclr-17591	1634	7	by	by	ADP
iiclr-17591	1634	8	the	the	DET
iiclr-17591	1634	9	law	law	NOUN
iiclr-17591	1634	10	of	of	ADP
iiclr-17591	1634	11	july	july	PROPN
iiclr-17591	1634	12	30	30	NUM
iiclr-17591	1634	13	,	,	PUNCT
iiclr-17591	1634	14	1990	1990	NUM
iiclr-17591	1634	15	,	,	PUNCT
iiclr-17591	1634	16	no	no	INTJ
iiclr-17591	1634	17	.	.	NOUN
iiclr-17591	1634	18	218	218	NUM
iiclr-17591	1634	19	(	(	PUNCT
iiclr-17591	1634	20	socalled	socalle	VERB
iiclr-17591	1634	21	"	"	PUNCT
iiclr-17591	1634	22	amato	amato	PROPN
iiclr-17591	1634	23	act	act	PROPN
iiclr-17591	1634	24	,	,	PUNCT
iiclr-17591	1634	25	"	"	PUNCT
iiclr-17591	1634	26	after	after	ADP
iiclr-17591	1634	27	the	the	DET
iiclr-17591	1634	28	then	then	ADV
iiclr-17591	1634	29	minister	minister	NOUN
iiclr-17591	1634	30	of	of	ADP
iiclr-17591	1634	31	the	the	DET
iiclr-17591	1634	32	treasury	treasury	NOUN
iiclr-17591	1634	33	)	)	PUNCT
iiclr-17591	1634	34	,	,	PUNCT
iiclr-17591	1634	35	and	and	CCONJ
iiclr-17591	1634	36	the	the	DET
iiclr-17591	1634	37	following	follow	VERB
iiclr-17591	1634	38	legislative	legislative	ADJ
iiclr-17591	1634	39	decree	decree	NOUN
iiclr-17591	1634	40	of	of	ADP
iiclr-17591	1634	41	nov	nov	PROPN
iiclr-17591	1634	42	.	.	PROPN
iiclr-17591	1634	43	20	20	NUM
iiclr-17591	1634	44	,	,	PUNCT
iiclr-17591	1634	45	1990	1990	NUM
iiclr-17591	1634	46	,	,	PUNCT
iiclr-17591	1634	47	no	no	INTJ
iiclr-17591	1634	48	.	.	NOUN
iiclr-17591	1634	49	356	356	NUM
iiclr-17591	1634	50	.	.	PUNCT
iiclr-17591	1635	1	this	this	DET
iiclr-17591	1635	2	law	law	NOUN
iiclr-17591	1635	3	has	have	AUX
iiclr-17591	1635	4	allowed	allow	VERB
iiclr-17591	1635	5	the	the	DET
iiclr-17591	1635	6	unilateral	unilateral	ADJ
iiclr-17591	1635	7	incorporation	incorporation	NOUN
iiclr-17591	1635	8	of	of	ADP
iiclr-17591	1635	9	an	an	DET
iiclr-17591	1635	10	ordinary	ordinary	ADJ
iiclr-17591	1635	11	societ)per	societ)per	NOUN
iiclr-17591	1635	12	azioni	azioni	NOUN
iiclr-17591	1635	13	by	by	ADP
iiclr-17591	1635	14	the	the	DET
iiclr-17591	1635	15	not	not	PART
iiclr-17591	1635	16	-	-	PUNCT
iiclr-17591	1635	17	for	for	ADP
iiclr-17591	1635	18	-	-	PUNCT
iiclr-17591	1635	19	profit	profit	NOUN
iiclr-17591	1635	20	entity	entity	NOUN
iiclr-17591	1635	21	,	,	PUNCT
iiclr-17591	1635	22	accompanied	accompany	VERB
iiclr-17591	1635	23	by	by	ADP
iiclr-17591	1635	24	the	the	DET
iiclr-17591	1635	25	transfer	transfer	NOUN
iiclr-17591	1635	26	of	of	ADP
iiclr-17591	1635	27	the	the	DET
iiclr-17591	1635	28	business	business	NOUN
iiclr-17591	1635	29	and	and	CCONJ
iiclr-17591	1635	30	of	of	ADP
iiclr-17591	1635	31	most	most	ADJ
iiclr-17591	1635	32	assets	asset	NOUN
iiclr-17591	1635	33	to	to	ADP
iiclr-17591	1635	34	it	it	PRON
iiclr-17591	1635	35	.	.	PUNCT
iiclr-17591	1636	1	the	the	DET
iiclr-17591	1636	2	not	not	PART
iiclr-17591	1636	3	-	-	PUNCT
iiclr-17591	1636	4	for	for	ADP
iiclr-17591	1636	5	-	-	PUNCT
iiclr-17591	1636	6	profit	profit	NOUN
iiclr-17591	1636	7	entities	entity	NOUN
iiclr-17591	1636	8	have	have	AUX
iiclr-17591	1636	9	so	so	ADV
iiclr-17591	1636	10	far	far	ADV
iiclr-17591	1636	11	remained	remain	VERB
iiclr-17591	1636	12	the	the	DET
iiclr-17591	1636	13	controlling	control	VERB
iiclr-17591	1636	14	shareholders	shareholder	NOUN
iiclr-17591	1636	15	of	of	ADP
iiclr-17591	1636	16	the	the	DET
iiclr-17591	1636	17	newly	newly	ADV
iiclr-17591	1636	18	-	-	PUNCT
iiclr-17591	1636	19	created	create	VERB
iiclr-17591	1636	20	for	for	ADP
iiclr-17591	1636	21	-	-	PUNCT
iiclr-17591	1636	22	profit	profit	NOUN
iiclr-17591	1636	23	banks	bank	NOUN
iiclr-17591	1636	24	,	,	PUNCT
iiclr-17591	1636	25	but	but	CCONJ
iiclr-17591	1636	26	spin	spin	NOUN
iiclr-17591	1636	27	-	-	PUNCT
iiclr-17591	1636	28	offs	off	NOUN
iiclr-17591	1636	29	are	be	AUX
iiclr-17591	1636	30	likely	likely	ADJ
iiclr-17591	1636	31	to	to	PART
iiclr-17591	1636	32	occur	occur	VERB
iiclr-17591	1636	33	in	in	ADP
iiclr-17591	1636	34	the	the	DET
iiclr-17591	1636	35	coming	come	VERB
iiclr-17591	1636	36	years	year	NOUN
iiclr-17591	1636	37	.	.	PUNCT
iiclr-17591	1637	1	[	[	X
iiclr-17591	1637	2	vol	vol	NOUN
iiclr-17591	1637	3	.	.	PUNCT
iiclr-17591	1638	1	6:1l	6:1l	NUM
iiclr-17591	1638	2	corporate	corporate	ADJ
iiclr-17591	1638	3	governance	governance	NOUN
iiclr-17591	1638	4	in	in	ADP
iiclr-17591	1638	5	italy	italy	PROPN
iiclr-17591	1638	6	contribution	contribution	NOUN
iiclr-17591	1638	7	of	of	ADP
iiclr-17591	1638	8	the	the	DET
iiclr-17591	1638	9	public	public	ADJ
iiclr-17591	1638	10	stock	stock	NOUN
iiclr-17591	1638	11	market	market	NOUN
iiclr-17591	1638	12	,	,	PUNCT
iiclr-17591	1638	13	and	and	CCONJ
iiclr-17591	1638	14	notwithstanding	notwithstanding	ADP
iiclr-17591	1638	15	recent	recent	ADJ
iiclr-17591	1638	16	regulatory	regulatory	ADJ
iiclr-17591	1638	17	attempts	attempt	NOUN
iiclr-17591	1638	18	to	to	PART
iiclr-17591	1638	19	induce	induce	VERB
iiclr-17591	1638	20	firms	firm	NOUN
iiclr-17591	1638	21	to	to	PART
iiclr-17591	1638	22	go	go	VERB
iiclr-17591	1638	23	public,'94	public,'94	PROPN
iiclr-17591	1638	24	has	have	VERB
iiclr-17591	1638	25	very	very	ADV
iiclr-17591	1638	26	strong	strong	ADJ
iiclr-17591	1638	27	incentives	incentive	NOUN
iiclr-17591	1638	28	to	to	PART
iiclr-17591	1638	29	continue	continue	VERB
iiclr-17591	1638	30	to	to	PART
iiclr-17591	1638	31	do	do	VERB
iiclr-17591	1638	32	so	so	ADV
iiclr-17591	1638	33	.	.	PUNCT
iiclr-17591	1639	1	italians	italian	NOUN
iiclr-17591	1639	2	have	have	AUX
iiclr-17591	1639	3	traditionally	traditionally	ADV
iiclr-17591	1639	4	had	have	VERB
iiclr-17591	1639	5	very	very	ADV
iiclr-17591	1639	6	high	high	ADJ
iiclr-17591	1639	7	savings	saving	NOUN
iiclr-17591	1639	8	quotas	quota	NOUN
iiclr-17591	1639	9	'	'	PART
iiclr-17591	1639	10	9	9	NUM
iiclr-17591	1639	11	'	'	PUNCT
iiclr-17591	1639	12	in	in	ADP
iiclr-17591	1639	13	the	the	DET
iiclr-17591	1639	14	past	past	NOUN
iiclr-17591	1639	15	,	,	PUNCT
iiclr-17591	1639	16	their	their	PRON
iiclr-17591	1639	17	savings	saving	NOUN
iiclr-17591	1639	18	were	be	AUX
iiclr-17591	1639	19	channelled	channel	VERB
iiclr-17591	1639	20	into	into	ADP
iiclr-17591	1639	21	a	a	DET
iiclr-17591	1639	22	banking	banking	NOUN
iiclr-17591	1639	23	system	system	NOUN
iiclr-17591	1639	24	shielded	shield	VERB
iiclr-17591	1639	25	from	from	ADP
iiclr-17591	1639	26	both	both	DET
iiclr-17591	1639	27	intra	intra	ADJ
iiclr-17591	1639	28	-	-	ADJ
iiclr-17591	1639	29	industry	industry	ADJ
iiclr-17591	1639	30	competition	competition	NOUN
iiclr-17591	1639	31	and	and	CCONJ
iiclr-17591	1639	32	external	external	ADJ
iiclr-17591	1639	33	substitutes	substitute	NOUN
iiclr-17591	1639	34	.	.	PUNCT
iiclr-17591	1640	1	banks	bank	NOUN
iiclr-17591	1640	2	,	,	PUNCT
iiclr-17591	1640	3	then	then	ADV
iiclr-17591	1640	4	,	,	PUNCT
iiclr-17591	1640	5	had	have	VERB
iiclr-17591	1640	6	an	an	DET
iiclr-17591	1640	7	abundant	abundant	ADJ
iiclr-17591	1640	8	source	source	NOUN
iiclr-17591	1640	9	of	of	ADP
iiclr-17591	1640	10	capital	capital	NOUN
iiclr-17591	1640	11	supply	supply	NOUN
iiclr-17591	1640	12	,	,	PUNCT
iiclr-17591	1640	13	readily	readily	ADV
iiclr-17591	1640	14	available	available	ADJ
iiclr-17591	1640	15	for	for	ADP
iiclr-17591	1640	16	enterprises	enterprise	NOUN
iiclr-17591	1640	17	.	.	PUNCT
iiclr-17591	1641	1	banks	bank	NOUN
iiclr-17591	1641	2	,	,	PUNCT
iiclr-17591	1641	3	however	however	ADV
iiclr-17591	1641	4	,	,	PUNCT
iiclr-17591	1641	5	could	could	AUX
iiclr-17591	1641	6	offer	offer	VERB
iiclr-17591	1641	7	only	only	ADV
iiclr-17591	1641	8	debt	debt	NOUN
iiclr-17591	1641	9	financing	financing	NOUN
iiclr-17591	1641	10	because	because	SCONJ
iiclr-17591	1641	11	of	of	ADP
iiclr-17591	1641	12	the	the	DET
iiclr-17591	1641	13	restrictions	restriction	NOUN
iiclr-17591	1641	14	laid	lay	VERB
iiclr-17591	1641	15	down	down	ADP
iiclr-17591	1641	16	as	as	ADP
iiclr-17591	1641	17	a	a	DET
iiclr-17591	1641	18	consequence	consequence	NOUN
iiclr-17591	1641	19	of	of	ADP
iiclr-17591	1641	20	the	the	DET
iiclr-17591	1641	21	crisis	crisis	NOUN
iiclr-17591	1641	22	of	of	ADP
iiclr-17591	1641	23	the	the	DET
iiclr-17591	1641	24	30s	30	NOUN
iiclr-17591	1641	25	,	,	PUNCT
iiclr-17591	1641	26	and	and	CCONJ
iiclr-17591	1641	27	most	most	ADJ
iiclr-17591	1641	28	of	of	ADP
iiclr-17591	1641	29	that	that	DET
iiclr-17591	1641	30	financing	financing	NOUN
iiclr-17591	1641	31	took	take	VERB
iiclr-17591	1641	32	a	a	DET
iiclr-17591	1641	33	short	short	ADJ
iiclr-17591	1641	34	-	-	PUNCT
iiclr-17591	1641	35	term	term	NOUN
iiclr-17591	1641	36	form.196	form.196	NOUN
iiclr-17591	1641	37	probably	probably	ADV
iiclr-17591	1641	38	as	as	ADP
iiclr-17591	1641	39	a	a	DET
iiclr-17591	1641	40	consequence	consequence	NOUN
iiclr-17591	1641	41	,	,	PUNCT
iiclr-17591	1641	42	the	the	DET
iiclr-17591	1641	43	tax	tax	NOUN
iiclr-17591	1641	44	system	system	NOUN
iiclr-17591	1641	45	has	have	AUX
iiclr-17591	1641	46	always	always	ADV
iiclr-17591	1641	47	been	be	AUX
iiclr-17591	1641	48	very	very	ADV
iiclr-17591	1641	49	favorable	favorable	ADJ
iiclr-17591	1641	50	to	to	ADP
iiclr-17591	1641	51	debt	debt	NOUN
iiclr-17591	1641	52	financing	financing	NOUN
iiclr-17591	1641	53	,	,	PUNCT
iiclr-17591	1641	54	allowing	allow	VERB
iiclr-17591	1641	55	a	a	DET
iiclr-17591	1641	56	complete	complete	ADJ
iiclr-17591	1641	57	deduction	deduction	NOUN
iiclr-17591	1641	58	of	of	ADP
iiclr-17591	1641	59	interest	interest	NOUN
iiclr-17591	1641	60	expense	expense	NOUN
iiclr-17591	1641	61	while	while	SCONJ
iiclr-17591	1641	62	taxing	tax	VERB
iiclr-17591	1641	63	heavily	heavily	ADV
iiclr-17591	1641	64	corporate	corporate	ADJ
iiclr-17591	1641	65	income	income	NOUN
iiclr-17591	1641	66	and	and	CCONJ
iiclr-17591	1641	67	dividends	dividend	NOUN
iiclr-17591	1641	68	.	.	PUNCT
iiclr-17591	1642	1	when	when	SCONJ
iiclr-17591	1642	2	substitutes	substitute	NOUN
iiclr-17591	1642	3	for	for	ADP
iiclr-17591	1642	4	bank	bank	NOUN
iiclr-17591	1642	5	deposits	deposit	NOUN
iiclr-17591	1642	6	finally	finally	ADV
iiclr-17591	1642	7	appeared	appear	VERB
iiclr-17591	1642	8	and	and	CCONJ
iiclr-17591	1642	9	european	european	ADJ
iiclr-17591	1642	10	integration	integration	NOUN
iiclr-17591	1642	11	exposed	expose	VERB
iiclr-17591	1642	12	the	the	DET
iiclr-17591	1642	13	italian	italian	ADJ
iiclr-17591	1642	14	banking	banking	NOUN
iiclr-17591	1642	15	system	system	NOUN
iiclr-17591	1642	16	to	to	ADP
iiclr-17591	1642	17	internal	internal	ADJ
iiclr-17591	1642	18	and	and	CCONJ
iiclr-17591	1642	19	external	external	ADJ
iiclr-17591	1642	20	competition1	competition1	NOUN
iiclr-17591	1642	21	97	97	NUM
iiclr-17591	1642	22	the	the	DET
iiclr-17591	1642	23	landscape	landscape	NOUN
iiclr-17591	1642	24	was	be	AUX
iiclr-17591	1642	25	already	already	ADV
iiclr-17591	1642	26	shaped	shape	VERB
iiclr-17591	1642	27	.	.	PUNCT
iiclr-17591	1643	1	although	although	SCONJ
iiclr-17591	1643	2	only	only	ADV
iiclr-17591	1643	3	as	as	ADP
iiclr-17591	1643	4	lenders	lender	NOUN
iiclr-17591	1643	5	,	,	PUNCT
iiclr-17591	1643	6	banks	bank	NOUN
iiclr-17591	1643	7	had	have	AUX
iiclr-17591	1643	8	become	become	VERB
iiclr-17591	1643	9	the	the	DET
iiclr-17591	1643	10	dominant	dominant	ADJ
iiclr-17591	1643	11	form	form	NOUN
iiclr-17591	1643	12	of	of	ADP
iiclr-17591	1643	13	financial	financial	ADJ
iiclr-17591	1643	14	intermediary	intermediary	NOUN
iiclr-17591	1643	15	in	in	ADP
iiclr-17591	1643	16	the	the	DET
iiclr-17591	1643	17	italian	italian	ADJ
iiclr-17591	1643	18	market	market	NOUN
iiclr-17591	1643	19	,	,	PUNCT
iiclr-17591	1643	20	and	and	CCONJ
iiclr-17591	1643	21	enterprises	enterprise	NOUN
iiclr-17591	1643	22	continued	continue	VERB
iiclr-17591	1643	23	to	to	PART
iiclr-17591	1643	24	find	find	VERB
iiclr-17591	1643	25	it	it	PRON
iiclr-17591	1643	26	easier	easy	ADJ
iiclr-17591	1643	27	to	to	PART
iiclr-17591	1643	28	resort	resort	VERB
iiclr-17591	1643	29	to	to	ADP
iiclr-17591	1643	30	debt	debt	NOUN
iiclr-17591	1643	31	financing	financing	NOUN
iiclr-17591	1643	32	,	,	PUNCT
iiclr-17591	1643	33	which	which	PRON
iiclr-17591	1643	34	was	be	AUX
iiclr-17591	1643	35	also	also	ADV
iiclr-17591	1643	36	cheaper	cheap	ADJ
iiclr-17591	1643	37	from	from	ADP
iiclr-17591	1643	38	a	a	DET
iiclr-17591	1643	39	tax	tax	NOUN
iiclr-17591	1643	40	standpoint	standpoint	NOUN
iiclr-17591	1643	41	.	.	PUNCT
iiclr-17591	1644	1	the	the	DET
iiclr-17591	1644	2	result	result	NOUN
iiclr-17591	1644	3	has	have	AUX
iiclr-17591	1644	4	been	be	AUX
iiclr-17591	1644	5	that	that	PRON
iiclr-17591	1644	6	italian	italian	ADJ
iiclr-17591	1644	7	194	194	NUM
iiclr-17591	1644	8	.	.	PUNCT
iiclr-17591	1645	1	among	among	ADP
iiclr-17591	1645	2	which	which	PRON
iiclr-17591	1645	3	a	a	DET
iiclr-17591	1645	4	three	three	NUM
iiclr-17591	1645	5	-	-	PUNCT
iiclr-17591	1645	6	year	year	NOUN
iiclr-17591	1645	7	reduction	reduction	NOUN
iiclr-17591	1645	8	of	of	ADP
iiclr-17591	1645	9	16	16	NUM
iiclr-17591	1645	10	percentage	percentage	NOUN
iiclr-17591	1645	11	points	point	NOUN
iiclr-17591	1645	12	in	in	ADP
iiclr-17591	1645	13	corporate	corporate	ADJ
iiclr-17591	1645	14	income	income	NOUN
iiclr-17591	1645	15	tax	tax	NOUN
iiclr-17591	1645	16	for	for	ADP
iiclr-17591	1645	17	firms	firm	NOUN
iiclr-17591	1645	18	that	that	PRON
iiclr-17591	1645	19	are	be	AUX
iiclr-17591	1645	20	newly	newly	ADV
iiclr-17591	1645	21	listed	list	VERB
iiclr-17591	1645	22	on	on	ADP
iiclr-17591	1645	23	a	a	DET
iiclr-17591	1645	24	stock	stock	NOUN
iiclr-17591	1645	25	exchange	exchange	NOUN
iiclr-17591	1645	26	,	,	PUNCT
iiclr-17591	1645	27	adopted	adopt	VERB
iiclr-17591	1645	28	in	in	ADP
iiclr-17591	1645	29	summer	summer	NOUN
iiclr-17591	1645	30	1994	1994	NUM
iiclr-17591	1645	31	,	,	PUNCT
iiclr-17591	1645	32	stands	stand	VERB
iiclr-17591	1645	33	out	out	ADP
iiclr-17591	1645	34	(	(	PUNCT
iiclr-17591	1645	35	art	art	NOUN
iiclr-17591	1645	36	.	.	PUNCT
iiclr-17591	1646	1	5	5	NUM
iiclr-17591	1646	2	,	,	PUNCT
iiclr-17591	1646	3	law	law	NOUN
iiclr-17591	1646	4	of	of	ADP
iiclr-17591	1646	5	aug	aug	PROPN
iiclr-17591	1646	6	.	.	PROPN
iiclr-17591	1646	7	8	8	NUM
iiclr-17591	1646	8	,	,	PUNCT
iiclr-17591	1646	9	1994	1994	NUM
iiclr-17591	1646	10	,	,	PUNCT
iiclr-17591	1646	11	no	no	INTJ
iiclr-17591	1646	12	.	.	NOUN
iiclr-17591	1646	13	489	489	NUM
iiclr-17591	1646	14	)	)	PUNCT
iiclr-17591	1646	15	.	.	PUNCT
iiclr-17591	1647	1	195	195	NUM
iiclr-17591	1647	2	.	.	PUNCT
iiclr-17591	1648	1	this	this	PRON
iiclr-17591	1648	2	is	be	AUX
iiclr-17591	1648	3	notorious	notorious	ADJ
iiclr-17591	1648	4	:	:	PUNCT
iiclr-17591	1648	5	see	see	VERB
iiclr-17591	1648	6	,	,	PUNCT
iiclr-17591	1648	7	e.g.	e.g.	ADV
iiclr-17591	1648	8	,	,	PUNCT
iiclr-17591	1648	9	survey	survey	NOUN
iiclr-17591	1648	10	of	of	ADP
iiclr-17591	1648	11	italian	italian	ADJ
iiclr-17591	1648	12	banking	banking	NOUN
iiclr-17591	1648	13	and	and	CCONJ
iiclr-17591	1648	14	finance	finance	NOUN
iiclr-17591	1648	15	,	,	PUNCT
iiclr-17591	1648	16	supra	supra	PROPN
iiclr-17591	1648	17	note	note	NOUN
iiclr-17591	1648	18	181	181	NUM
iiclr-17591	1648	19	,	,	PUNCT
iiclr-17591	1648	20	at	at	ADP
iiclr-17591	1648	21	36	36	NUM
iiclr-17591	1648	22	(	(	PUNCT
iiclr-17591	1648	23	pointing	point	VERB
iiclr-17591	1648	24	out	out	ADP
iiclr-17591	1648	25	that	that	SCONJ
iiclr-17591	1648	26	household	household	NOUN
iiclr-17591	1648	27	savings	saving	NOUN
iiclr-17591	1648	28	on	on	ADP
iiclr-17591	1648	29	disposable	disposable	ADJ
iiclr-17591	1648	30	income	income	NOUN
iiclr-17591	1648	31	amount	amount	NOUN
iiclr-17591	1648	32	to	to	ADP
iiclr-17591	1648	33	a	a	DET
iiclr-17591	1648	34	higher	high	ADJ
iiclr-17591	1648	35	proportion	proportion	NOUN
iiclr-17591	1648	36	in	in	ADP
iiclr-17591	1648	37	italy	italy	PROPN
iiclr-17591	1648	38	than	than	ADP
iiclr-17591	1648	39	in	in	ADP
iiclr-17591	1648	40	the	the	DET
iiclr-17591	1648	41	united	united	PROPN
iiclr-17591	1648	42	states	states	PROPN
iiclr-17591	1648	43	,	,	PUNCT
iiclr-17591	1648	44	japan	japan	PROPN
iiclr-17591	1648	45	,	,	PUNCT
iiclr-17591	1648	46	germany	germany	PROPN
iiclr-17591	1648	47	,	,	PUNCT
iiclr-17591	1648	48	france	france	PROPN
iiclr-17591	1648	49	and	and	CCONJ
iiclr-17591	1648	50	the	the	DET
iiclr-17591	1648	51	united	united	ADJ
iiclr-17591	1648	52	kingdom	kingdom	PROPN
iiclr-17591	1648	53	)	)	PUNCT
iiclr-17591	1648	54	.	.	PUNCT
iiclr-17591	1649	1	having	having	AUX
iiclr-17591	1649	2	recently	recently	ADV
iiclr-17591	1649	3	lost	lose	VERB
iiclr-17591	1649	4	its	its	PRON
iiclr-17591	1649	5	long	long	ADV
iiclr-17591	1649	6	-	-	PUNCT
iiclr-17591	1649	7	standing	stand	VERB
iiclr-17591	1649	8	leadership	leadership	NOUN
iiclr-17591	1649	9	,	,	PUNCT
iiclr-17591	1649	10	in	in	ADP
iiclr-17591	1649	11	1993	1993	NUM
iiclr-17591	1649	12	italy	italy	PROPN
iiclr-17591	1649	13	was	be	AUX
iiclr-17591	1649	14	third	third	ADJ
iiclr-17591	1649	15	among	among	ADP
iiclr-17591	1649	16	industrialized	industrialized	ADJ
iiclr-17591	1649	17	countries	country	NOUN
iiclr-17591	1649	18	with	with	ADP
iiclr-17591	1649	19	18.9	18.9	NUM
iiclr-17591	1649	20	%	%	NOUN
iiclr-17591	1649	21	savings	saving	NOUN
iiclr-17591	1649	22	on	on	ADP
iiclr-17591	1649	23	disposable	disposable	ADJ
iiclr-17591	1649	24	income	income	NOUN
iiclr-17591	1649	25	,	,	PUNCT
iiclr-17591	1649	26	after	after	ADP
iiclr-17591	1649	27	belgium	belgium	NOUN
iiclr-17591	1649	28	(	(	PUNCT
iiclr-17591	1649	29	22.9	22.9	NUM
iiclr-17591	1649	30	%	%	NOUN
iiclr-17591	1649	31	)	)	PUNCT
iiclr-17591	1649	32	and	and	CCONJ
iiclr-17591	1649	33	portugal	portugal	PROPN
iiclr-17591	1649	34	(	(	PUNCT
iiclr-17591	1649	35	21.3	21.3	NUM
iiclr-17591	1649	36	%	%	NOUN
iiclr-17591	1649	37	)	)	PUNCT
iiclr-17591	1649	38	,	,	PUNCT
iiclr-17591	1649	39	and	and	CCONJ
iiclr-17591	1649	40	before	before	ADP
iiclr-17591	1649	41	greece	greece	PROPN
iiclr-17591	1649	42	and	and	CCONJ
iiclr-17591	1649	43	denmark	denmark	PROPN
iiclr-17591	1649	44	(	(	PUNCT
iiclr-17591	1649	45	15.8	15.8	NUM
iiclr-17591	1649	46	%	%	NOUN
iiclr-17591	1649	47	)	)	PUNCT
iiclr-17591	1649	48	,	,	PUNCT
iiclr-17591	1649	49	ireland	ireland	PROPN
iiclr-17591	1649	50	(	(	PUNCT
iiclr-17591	1649	51	14.8	14.8	NUM
iiclr-17591	1649	52	%	%	NOUN
iiclr-17591	1649	53	)	)	PUNCT
iiclr-17591	1649	54	,	,	PUNCT
iiclr-17591	1649	55	japan	japan	PROPN
iiclr-17591	1649	56	(	(	PUNCT
iiclr-17591	1649	57	14.6	14.6	NUM
iiclr-17591	1649	58	%	%	NOUN
iiclr-17591	1649	59	)	)	PUNCT
iiclr-17591	1649	60	,	,	PUNCT
iiclr-17591	1649	61	and	and	CCONJ
iiclr-17591	1649	62	france	france	PROPN
iiclr-17591	1649	63	(	(	PUNCT
iiclr-17591	1649	64	14.1	14.1	NUM
iiclr-17591	1649	65	%	%	NOUN
iiclr-17591	1649	66	)	)	PUNCT
iiclr-17591	1649	67	.	.	PUNCT
iiclr-17591	1650	1	germany	germany	PROPN
iiclr-17591	1650	2	was	be	AUX
iiclr-17591	1650	3	tenth	tenth	ADJ
iiclr-17591	1650	4	,	,	PUNCT
iiclr-17591	1650	5	with	with	ADP
iiclr-17591	1650	6	12.1	12.1	NUM
iiclr-17591	1650	7	%	%	NOUN
iiclr-17591	1650	8	,	,	PUNCT
iiclr-17591	1650	9	and	and	CCONJ
iiclr-17591	1650	10	the	the	DET
iiclr-17591	1650	11	united	united	PROPN
iiclr-17591	1650	12	states	states	PROPN
iiclr-17591	1650	13	had	have	VERB
iiclr-17591	1650	14	only	only	ADV
iiclr-17591	1650	15	4.6	4.6	NUM
iiclr-17591	1650	16	%	%	NOUN
iiclr-17591	1650	17	.	.	PUNCT
iiclr-17591	1651	1	last	last	ADJ
iiclr-17591	1651	2	was	be	AUX
iiclr-17591	1651	3	holland	holland	NOUN
iiclr-17591	1651	4	with	with	ADP
iiclr-17591	1651	5	1.6	1.6	NUM
iiclr-17591	1651	6	%	%	NOUN
iiclr-17591	1651	7	(	(	PUNCT
iiclr-17591	1651	8	source	source	NOUN
iiclr-17591	1651	9	:	:	PUNCT
iiclr-17591	1651	10	data	data	PROPN
iiclr-17591	1651	11	oecd	oecd	PROPN
iiclr-17591	1651	12	,	,	PUNCT
iiclr-17591	1651	13	in	in	ADP
iiclr-17591	1651	14	terza	terza	PROPN
iiclr-17591	1651	15	nella	nella	PROPN
iiclr-17591	1651	16	graduatoria	graduatoria	PROPN
iiclr-17591	1651	17	ocse	ocse	PROPN
iiclr-17591	1651	18	.	.	PUNCT
iiclr-17591	1652	1	l'italia	l'italia	PROPN
iiclr-17591	1652	2	non	non	X
iiclr-17591	1652	3	pii	pii	PROPN
iiclr-17591	1652	4	il	il	PROPN
iiclr-17591	1652	5	paese	paese	PROPN
iiclr-17591	1652	6	leader	leader	NOUN
iiclr-17591	1652	7	per	per	ADP
iiclr-17591	1652	8	il	il	PROPN
iiclr-17591	1652	9	risparmio	risparmio	PROPN
iiclr-17591	1652	10	,	,	PUNCT
iiclr-17591	1652	11	il	il	PROPN
iiclr-17591	1652	12	sole	sole	ADJ
iiclr-17591	1652	13	24	24	NUM
iiclr-17591	1652	14	ore	ore	NOUN
iiclr-17591	1652	15	,	,	PUNCT
iiclr-17591	1652	16	july	july	PROPN
iiclr-17591	1652	17	13	13	NUM
iiclr-17591	1652	18	,	,	PUNCT
iiclr-17591	1652	19	1994	1994	NUM
iiclr-17591	1652	20	,	,	PUNCT
iiclr-17591	1652	21	at	at	ADP
iiclr-17591	1652	22	4	4	NUM
iiclr-17591	1652	23	;	;	PUNCT
iiclr-17591	1652	24	see	see	VERB
iiclr-17591	1652	25	also	also	ADV
iiclr-17591	1652	26	financial	financial	ADJ
iiclr-17591	1652	27	indicators	indicator	NOUN
iiclr-17591	1652	28	,	,	PUNCT
iiclr-17591	1652	29	the	the	DET
iiclr-17591	1652	30	economist	economist	NOUN
iiclr-17591	1652	31	,	,	PUNCT
iiclr-17591	1652	32	aug	aug	PROPN
iiclr-17591	1652	33	.	.	PROPN
iiclr-17591	1652	34	26	26	NUM
iiclr-17591	1652	35	,	,	PUNCT
iiclr-17591	1652	36	1995	1995	NUM
iiclr-17591	1652	37	,	,	PUNCT
iiclr-17591	1652	38	at	at	ADP
iiclr-17591	1652	39	93	93	NUM
iiclr-17591	1652	40	,	,	PUNCT
iiclr-17591	1652	41	reporting	report	VERB
iiclr-17591	1652	42	an	an	DET
iiclr-17591	1652	43	oecd	oecd	PROPN
iiclr-17591	1652	44	forecast	forecast	NOUN
iiclr-17591	1652	45	for	for	ADP
iiclr-17591	1652	46	1995	1995	NUM
iiclr-17591	1652	47	in	in	ADP
iiclr-17591	1652	48	which	which	PRON
iiclr-17591	1652	49	italy	italy	PROPN
iiclr-17591	1652	50	slides	slide	VERB
iiclr-17591	1652	51	to	to	ADP
iiclr-17591	1652	52	the	the	DET
iiclr-17591	1652	53	fourth	fourth	ADJ
iiclr-17591	1652	54	position	position	NOUN
iiclr-17591	1652	55	,	,	PUNCT
iiclr-17591	1652	56	after	after	ADP
iiclr-17591	1652	57	belgium	belgium	NOUN
iiclr-17591	1652	58	,	,	PUNCT
iiclr-17591	1652	59	denmark	denmark	NOUN
iiclr-17591	1652	60	,	,	PUNCT
iiclr-17591	1652	61	and	and	CCONJ
iiclr-17591	1652	62	japan	japan	PROPN
iiclr-17591	1652	63	)	)	PUNCT
iiclr-17591	1652	64	.	.	PUNCT
iiclr-17591	1653	1	196	196	NUM
iiclr-17591	1653	2	.	.	PUNCT
iiclr-17591	1654	1	the	the	DET
iiclr-17591	1654	2	banking	banking	NOUN
iiclr-17591	1654	3	law	law	NOUN
iiclr-17591	1654	4	of	of	ADP
iiclr-17591	1654	5	1936	1936	NUM
iiclr-17591	1654	6	,	,	PUNCT
iiclr-17591	1654	7	besides	besides	SCONJ
iiclr-17591	1654	8	limiting	limit	VERB
iiclr-17591	1654	9	the	the	DET
iiclr-17591	1654	10	ability	ability	NOUN
iiclr-17591	1654	11	of	of	ADP
iiclr-17591	1654	12	banks	bank	NOUN
iiclr-17591	1654	13	to	to	PART
iiclr-17591	1654	14	invest	invest	VERB
iiclr-17591	1654	15	in	in	ADP
iiclr-17591	1654	16	equity	equity	NOUN
iiclr-17591	1654	17	,	,	PUNCT
iiclr-17591	1654	18	fragmented	fragment	VERB
iiclr-17591	1654	19	their	their	PRON
iiclr-17591	1654	20	activities	activity	NOUN
iiclr-17591	1654	21	,	,	PUNCT
iiclr-17591	1654	22	dividing	divide	VERB
iiclr-17591	1654	23	them	they	PRON
iiclr-17591	1654	24	between	between	ADP
iiclr-17591	1654	25	short	short	ADJ
iiclr-17591	1654	26	-	-	PUNCT
iiclr-17591	1654	27	term	term	NOUN
iiclr-17591	1654	28	lenders	lender	NOUN
iiclr-17591	1654	29	,	,	PUNCT
iiclr-17591	1654	30	on	on	ADP
iiclr-17591	1654	31	the	the	DET
iiclr-17591	1654	32	one	one	NUM
iiclr-17591	1654	33	hand	hand	NOUN
iiclr-17591	1654	34	,	,	PUNCT
iiclr-17591	1654	35	and	and	CCONJ
iiclr-17591	1654	36	medium	medium	ADJ
iiclr-17591	1654	37	-	-	PUNCT
iiclr-17591	1654	38	long	long	ADJ
iiclr-17591	1654	39	-	-	PUNCT
iiclr-17591	1654	40	term	term	NOUN
iiclr-17591	1654	41	lenders	lender	NOUN
iiclr-17591	1654	42	,	,	PUNCT
iiclr-17591	1654	43	on	on	ADP
iiclr-17591	1654	44	the	the	DET
iiclr-17591	1654	45	other	other	ADJ
iiclr-17591	1654	46	,	,	PUNCT
iiclr-17591	1654	47	the	the	DET
iiclr-17591	1654	48	rationale	rationale	NOUN
iiclr-17591	1654	49	being	be	AUX
iiclr-17591	1654	50	that	that	SCONJ
iiclr-17591	1654	51	banks	bank	NOUN
iiclr-17591	1654	52	receiving	receive	VERB
iiclr-17591	1654	53	demand	demand	NOUN
iiclr-17591	1654	54	deposit	deposit	NOUN
iiclr-17591	1654	55	could	could	AUX
iiclr-17591	1654	56	not	not	PART
iiclr-17591	1654	57	engage	engage	VERB
iiclr-17591	1654	58	in	in	ADP
iiclr-17591	1654	59	other	other	ADJ
iiclr-17591	1654	60	than	than	ADP
iiclr-17591	1654	61	short	short	ADJ
iiclr-17591	1654	62	-	-	PUNCT
iiclr-17591	1654	63	term	term	NOUN
iiclr-17591	1654	64	financing	financing	NOUN
iiclr-17591	1654	65	.	.	PUNCT
iiclr-17591	1655	1	as	as	SCONJ
iiclr-17591	1655	2	demand	demand	NOUN
iiclr-17591	1655	3	deposits	deposit	NOUN
iiclr-17591	1655	4	were	be	AUX
iiclr-17591	1655	5	the	the	DET
iiclr-17591	1655	6	predominant	predominant	ADJ
iiclr-17591	1655	7	form	form	NOUN
iiclr-17591	1655	8	of	of	ADP
iiclr-17591	1655	9	savings	saving	NOUN
iiclr-17591	1655	10	,	,	PUNCT
iiclr-17591	1655	11	the	the	DET
iiclr-17591	1655	12	consequence	consequence	NOUN
iiclr-17591	1655	13	was	be	AUX
iiclr-17591	1655	14	that	that	SCONJ
iiclr-17591	1655	15	most	most	ADJ
iiclr-17591	1655	16	of	of	ADP
iiclr-17591	1655	17	the	the	DET
iiclr-17591	1655	18	offer	offer	NOUN
iiclr-17591	1655	19	of	of	ADP
iiclr-17591	1655	20	financing	financing	NOUN
iiclr-17591	1655	21	for	for	ADP
iiclr-17591	1655	22	enterprises	enterprise	NOUN
iiclr-17591	1655	23	came	come	VERB
iiclr-17591	1655	24	as	as	ADP
iiclr-17591	1655	25	short	short	ADJ
iiclr-17591	1655	26	-	-	PUNCT
iiclr-17591	1655	27	term	term	NOUN
iiclr-17591	1655	28	debt	debt	NOUN
iiclr-17591	1655	29	.	.	PUNCT
iiclr-17591	1656	1	thus	thus	ADV
iiclr-17591	1656	2	,	,	PUNCT
iiclr-17591	1656	3	the	the	DET
iiclr-17591	1656	4	capital	capital	NOUN
iiclr-17591	1656	5	structure	structure	NOUN
iiclr-17591	1656	6	of	of	ADP
iiclr-17591	1656	7	italian	italian	ADJ
iiclr-17591	1656	8	firms	firm	NOUN
iiclr-17591	1656	9	is	be	AUX
iiclr-17591	1656	10	unbalanced	unbalanced	ADJ
iiclr-17591	1656	11	toward	toward	ADP
iiclr-17591	1656	12	short	short	ADJ
iiclr-17591	1656	13	-	-	PUNCT
iiclr-17591	1656	14	term	term	NOUN
iiclr-17591	1656	15	debt	debt	NOUN
iiclr-17591	1656	16	,	,	PUNCT
iiclr-17591	1656	17	with	with	ADP
iiclr-17591	1656	18	all	all	DET
iiclr-17591	1656	19	the	the	DET
iiclr-17591	1656	20	problems	problem	NOUN
iiclr-17591	1656	21	that	that	PRON
iiclr-17591	1656	22	this	this	DET
iiclr-17591	1656	23	causes	cause	VERB
iiclr-17591	1656	24	.	.	PUNCT
iiclr-17591	1657	1	(	(	PUNCT
iiclr-17591	1657	2	see	see	VERB
iiclr-17591	1657	3	infra	infra	NOUN
iiclr-17591	1657	4	note	note	VERB
iiclr-17591	1657	5	198	198	NUM
iiclr-17591	1657	6	for	for	ADP
iiclr-17591	1657	7	further	further	ADJ
iiclr-17591	1657	8	data	datum	NOUN
iiclr-17591	1657	9	.	.	PUNCT
iiclr-17591	1657	10	)	)	PUNCT
iiclr-17591	1658	1	197	197	NUM
iiclr-17591	1658	2	.	.	PUNCT
iiclr-17591	1659	1	see	see	VERB
iiclr-17591	1659	2	albertopredieri	albertopredieri	PROPN
iiclr-17591	1659	3	,	,	PUNCT
iiclr-17591	1659	4	ilnuovo	ilnuovo	PROPN
iiclr-17591	1659	5	asseto	asseto	VERB
iiclr-17591	1659	6	dei	dei	PROPN
iiclr-17591	1659	7	mercati	mercati	PROPN
iiclr-17591	1659	8	finanziari	finanziari	PROPN
iiclr-17591	1659	9	ecreditizi	ecreditizi	PROPN
iiclr-17591	1659	10	nel	nel	PROPN
iiclr-17591	1659	11	quadpo	quadpo	PROPN
iiclr-17591	1659	12	della	della	PROPN
iiclr-17591	1659	13	concorrenza	concorrenza	PROPN
iiclr-17591	1659	14	comunitaria	comunitaria	PROPN
iiclr-17591	1659	15	(	(	PUNCT
iiclr-17591	1659	16	1992	1992	NUM
iiclr-17591	1659	17	)	)	PUNCT
iiclr-17591	1659	18	,	,	PUNCT
iiclr-17591	1659	19	and	and	CCONJ
iiclr-17591	1659	20	renzo	renzo	NOUN
iiclr-17591	1659	21	costi	costi	PROPN
iiclr-17591	1659	22	,	,	PUNCT
iiclr-17591	1659	23	l'ordinamento	l'ordinamento	PROPN
iiclr-17591	1659	24	bancario	bancario	PROPN
iiclr-17591	1659	25	(	(	PUNCT
iiclr-17591	1659	26	2nd	2nd	ADJ
iiclr-17591	1659	27	ed	ed	NOUN
iiclr-17591	1659	28	.	.	PROPN
iiclr-17591	1659	29	,	,	PUNCT
iiclr-17591	1659	30	1994	1994	NUM
iiclr-17591	1659	31	)	)	PUNCT
iiclr-17591	1659	32	for	for	ADP
iiclr-17591	1659	33	ample	ample	ADJ
iiclr-17591	1659	34	accounts	account	NOUN
iiclr-17591	1659	35	on	on	ADP
iiclr-17591	1659	36	the	the	DET
iiclr-17591	1659	37	gradual	gradual	ADJ
iiclr-17591	1659	38	evolution	evolution	NOUN
iiclr-17591	1659	39	of	of	ADP
iiclr-17591	1659	40	the	the	DET
iiclr-17591	1659	41	banking	banking	NOUN
iiclr-17591	1659	42	system	system	NOUN
iiclr-17591	1659	43	from	from	ADP
iiclr-17591	1659	44	a	a	DET
iiclr-17591	1659	45	virtually	virtually	ADV
iiclr-17591	1659	46	protected	protect	VERB
iiclr-17591	1659	47	market	market	NOUN
iiclr-17591	1659	48	,	,	PUNCT
iiclr-17591	1659	49	under	under	ADP
iiclr-17591	1659	50	the	the	DET
iiclr-17591	1659	51	original	original	ADJ
iiclr-17591	1659	52	design	design	NOUN
iiclr-17591	1659	53	of	of	ADP
iiclr-17591	1659	54	the	the	DET
iiclr-17591	1659	55	fascist	fascist	ADJ
iiclr-17591	1659	56	legislation	legislation	NOUN
iiclr-17591	1659	57	of	of	ADP
iiclr-17591	1659	58	1936	1936	NUM
iiclr-17591	1659	59	-	-	SYM
iiclr-17591	1659	60	38	38	NUM
iiclr-17591	1659	61	,	,	PUNCT
iiclr-17591	1659	62	to	to	ADP
iiclr-17591	1659	63	a	a	DET
iiclr-17591	1659	64	market	market	NOUN
iiclr-17591	1659	65	exposed	expose	VERB
iiclr-17591	1659	66	to	to	ADP
iiclr-17591	1659	67	internal	internal	ADJ
iiclr-17591	1659	68	and	and	CCONJ
iiclr-17591	1659	69	external	external	ADJ
iiclr-17591	1659	70	competition	competition	NOUN
iiclr-17591	1659	71	pursuant	pursuant	ADJ
iiclr-17591	1659	72	to	to	ADP
iiclr-17591	1659	73	the	the	DET
iiclr-17591	1659	74	first	first	ADJ
iiclr-17591	1659	75	and	and	CCONJ
iiclr-17591	1659	76	second	second	ADJ
iiclr-17591	1659	77	european	european	ADJ
iiclr-17591	1659	78	directives	directive	NOUN
iiclr-17591	1659	79	on	on	ADP
iiclr-17591	1659	80	banking	banking	NOUN
iiclr-17591	1659	81	.	.	PUNCT
iiclr-17591	1660	1	1995	1995	NUM
iiclr-17591	1660	2	]	]	X
iiclr-17591	1660	3	ind	ind	NOUN
iiclr-17591	1660	4	.	.	PUNCT
iiclr-17591	1661	1	int'l	int'l	PROPN
iiclr-17591	1661	2	&	&	CCONJ
iiclr-17591	1661	3	comp	comp	PROPN
iiclr-17591	1661	4	.	.	PUNCT
iiclr-17591	1662	1	l	l	PROPN
iiclr-17591	1662	2	rev	rev	PROPN
iiclr-17591	1662	3	.	.	PROPN
iiclr-17591	1662	4	firms	firm	NOUN
iiclr-17591	1662	5	tend	tend	VERB
iiclr-17591	1662	6	to	to	PART
iiclr-17591	1662	7	have	have	VERB
iiclr-17591	1662	8	highly	highly	ADV
iiclr-17591	1662	9	leveraged	leveraged	ADJ
iiclr-17591	1662	10	and	and	CCONJ
iiclr-17591	1662	11	bank	bank	NOUN
iiclr-17591	1662	12	-	-	PUNCT
iiclr-17591	1662	13	dependent	dependent	ADJ
iiclr-17591	1662	14	capital	capital	NOUN
iiclr-17591	1662	15	structures	structure	NOUN
iiclr-17591	1662	16	.	.	PUNCT
iiclr-17591	1663	1	198	198	NUM
iiclr-17591	1663	2	(	(	PUNCT
iiclr-17591	1663	3	this	this	PRON
iiclr-17591	1663	4	does	do	AUX
iiclr-17591	1663	5	not	not	PART
iiclr-17591	1663	6	necessarily	necessarily	ADV
iiclr-17591	1663	7	mean	mean	VERB
iiclr-17591	1663	8	that	that	SCONJ
iiclr-17591	1663	9	italian	italian	ADJ
iiclr-17591	1663	10	firms	firm	NOUN
iiclr-17591	1663	11	are	be	AUX
iiclr-17591	1663	12	subject	subject	ADJ
iiclr-17591	1663	13	to	to	ADP
iiclr-17591	1663	14	bank	bank	NOUN
iiclr-17591	1663	15	-	-	PUNCT
iiclr-17591	1663	16	monitoring	monitoring	NOUN
iiclr-17591	1663	17	:	:	PUNCT
iiclr-17591	1663	18	it	it	PRON
iiclr-17591	1663	19	is	be	AUX
iiclr-17591	1663	20	widely	widely	ADV
iiclr-17591	1663	21	recognized	recognize	VERB
iiclr-17591	1663	22	that	that	SCONJ
iiclr-17591	1663	23	italian	italian	ADJ
iiclr-17591	1663	24	banks	bank	NOUN
iiclr-17591	1663	25	are	be	AUX
iiclr-17591	1663	26	poor	poor	ADJ
iiclr-17591	1663	27	monitors	monitor	NOUN
iiclr-17591	1663	28	,	,	PUNCT
iiclr-17591	1663	29	'	'	PUNCT
iiclr-17591	1663	30	99	99	NUM
iiclr-17591	1663	31	at	at	ADP
iiclr-17591	1663	32	least	least	ADJ
iiclr-17591	1663	33	when	when	SCONJ
iiclr-17591	1663	34	their	their	PRON
iiclr-17591	1663	35	credit	credit	NOUN
iiclr-17591	1663	36	exposure	exposure	NOUN
iiclr-17591	1663	37	is	be	AUX
iiclr-17591	1663	38	not	not	PART
iiclr-17591	1663	39	significant	significant	ADJ
iiclr-17591	1663	40	.	.	PUNCT
iiclr-17591	1663	41	)	)	PUNCT
iiclr-17591	1664	1	the	the	DET
iiclr-17591	1664	2	consequences	consequence	NOUN
iiclr-17591	1664	3	of	of	ADP
iiclr-17591	1664	4	the	the	DET
iiclr-17591	1664	5	availability	availability	NOUN
iiclr-17591	1664	6	and	and	CCONJ
iiclr-17591	1664	7	of	of	ADP
iiclr-17591	1664	8	the	the	DET
iiclr-17591	1664	9	comparative	comparative	ADJ
iiclr-17591	1664	10	economic	economic	ADJ
iiclr-17591	1664	11	advantage	advantage	NOUN
iiclr-17591	1664	12	of	of	ADP
iiclr-17591	1664	13	debt	debt	NOUN
iiclr-17591	1664	14	financing	financing	NOUN
iiclr-17591	1664	15	can	can	AUX
iiclr-17591	1664	16	be	be	AUX
iiclr-17591	1664	17	intuited	intuit	VERB
iiclr-17591	1664	18	.	.	PUNCT
iiclr-17591	1665	1	publicly	publicly	ADV
iiclr-17591	1665	2	owned	own	VERB
iiclr-17591	1665	3	firms	firm	NOUN
iiclr-17591	1665	4	have	have	AUX
iiclr-17591	1665	5	issued	issue	VERB
iiclr-17591	1665	6	less	less	ADJ
iiclr-17591	1665	7	equity	equity	NOUN
iiclr-17591	1665	8	than	than	SCONJ
iiclr-17591	1665	9	they	they	PRON
iiclr-17591	1665	10	otherwise	otherwise	ADV
iiclr-17591	1665	11	would	would	AUX
iiclr-17591	1665	12	have	have	AUX
iiclr-17591	1665	13	,	,	PUNCT
iiclr-17591	1665	14	thus	thus	ADV
iiclr-17591	1665	15	reducing	reduce	VERB
iiclr-17591	1665	16	the	the	DET
iiclr-17591	1665	17	dilution	dilution	NOUN
iiclr-17591	1665	18	of	of	ADP
iiclr-17591	1665	19	dominant	dominant	ADJ
iiclr-17591	1665	20	ownership	ownership	NOUN
iiclr-17591	1665	21	stakes	stake	NOUN
iiclr-17591	1665	22	,	,	PUNCT
iiclr-17591	1665	23	and	and	CCONJ
iiclr-17591	1665	24	extremely	extremely	ADV
iiclr-17591	1665	25	large	large	ADJ
iiclr-17591	1665	26	and	and	CCONJ
iiclr-17591	1665	27	profitable	profitable	ADJ
iiclr-17591	1665	28	firms	firm	NOUN
iiclr-17591	1665	29	have	have	AUX
iiclr-17591	1665	30	remained	remained	AUX
iiclr-17591	1665	31	privately	privately	ADV
iiclr-17591	1665	32	owned	own	VERB
iiclr-17591	1665	33	.	.	PUNCT
iiclr-17591	1666	1	significantly	significantly	ADV
iiclr-17591	1666	2	,	,	PUNCT
iiclr-17591	1666	3	italian	italian	ADJ
iiclr-17591	1666	4	firms	firm	NOUN
iiclr-17591	1666	5	that	that	PRON
iiclr-17591	1666	6	go	go	VERB
iiclr-17591	1666	7	public	public	ADJ
iiclr-17591	1666	8	often	often	ADV
iiclr-17591	1666	9	adduce	adduce	VERB
iiclr-17591	1666	10	reasons	reason	NOUN
iiclr-17591	1666	11	of	of	ADP
iiclr-17591	1666	12	corporate	corporate	ADJ
iiclr-17591	1666	13	image	image	NOUN
iiclr-17591	1666	14	rather	rather	ADV
iiclr-17591	1666	15	than	than	ADP
iiclr-17591	1666	16	of	of	ADP
iiclr-17591	1666	17	corporate	corporate	ADJ
iiclr-17591	1666	18	finance,21	finance,21	NOUN
iiclr-17591	1666	19	'	'	PUNCT
iiclr-17591	1666	20	and	and	CCONJ
iiclr-17591	1666	21	in	in	ADP
iiclr-17591	1666	22	general	general	ADJ
iiclr-17591	1666	23	198	198	NUM
iiclr-17591	1666	24	.	.	PUNCT
iiclr-17591	1667	1	the	the	DET
iiclr-17591	1667	2	phenomenon	phenomenon	NOUN
iiclr-17591	1667	3	is	be	AUX
iiclr-17591	1667	4	particularly	particularly	ADV
iiclr-17591	1667	5	marked	mark	VERB
iiclr-17591	1667	6	for	for	ADP
iiclr-17591	1667	7	unlisted	unlisted	ADJ
iiclr-17591	1667	8	companies	company	NOUN
iiclr-17591	1667	9	,	,	PUNCT
iiclr-17591	1667	10	but	but	CCONJ
iiclr-17591	1667	11	even	even	ADV
iiclr-17591	1667	12	listed	list	VERB
iiclr-17591	1667	13	companies	company	NOUN
iiclr-17591	1667	14	tend	tend	VERB
iiclr-17591	1667	15	to	to	PART
iiclr-17591	1667	16	be	be	AUX
iiclr-17591	1667	17	quite	quite	ADV
iiclr-17591	1667	18	leveraged	leveraged	ADJ
iiclr-17591	1667	19	.	.	PUNCT
iiclr-17591	1668	1	the	the	DET
iiclr-17591	1668	2	result	result	NOUN
iiclr-17591	1668	3	is	be	AUX
iiclr-17591	1668	4	that	that	SCONJ
iiclr-17591	1668	5	italian	italian	ADJ
iiclr-17591	1668	6	societa	societa	NOUN
iiclr-17591	1668	7	per	per	ADP
iiclr-17591	1668	8	azioni	azioni	PROPN
iiclr-17591	1668	9	,	,	PUNCT
iiclr-17591	1668	10	between	between	ADP
iiclr-17591	1668	11	1988	1988	NUM
iiclr-17591	1668	12	and	and	CCONJ
iiclr-17591	1668	13	1992	1992	NUM
iiclr-17591	1668	14	,	,	PUNCT
iiclr-17591	1668	15	paid	pay	VERB
iiclr-17591	1668	16	out46	out46	NOUN
iiclr-17591	1668	17	trillion	trillion	NUM
iiclr-17591	1668	18	liras	lira	NOUN
iiclr-17591	1668	19	as	as	ADP
iiclr-17591	1668	20	dividends	dividend	NOUN
iiclr-17591	1668	21	and	and	CCONJ
iiclr-17591	1668	22	450	450	NUM
iiclr-17591	1668	23	trillion	trillion	NUM
iiclr-17591	1668	24	liras	lira	NOUN
iiclr-17591	1668	25	as	as	ADP
iiclr-17591	1668	26	interest	interest	NOUN
iiclr-17591	1668	27	expense	expense	NOUN
iiclr-17591	1668	28	on	on	ADP
iiclr-17591	1668	29	bank	bank	NOUN
iiclr-17591	1668	30	loans	loan	NOUN
iiclr-17591	1668	31	(	(	PUNCT
iiclr-17591	1668	32	ronchetti	ronchetti	PROPN
iiclr-17591	1668	33	,	,	PUNCT
iiclr-17591	1668	34	supra	supra	PROPN
iiclr-17591	1668	35	note	note	PROPN
iiclr-17591	1668	36	148	148	NUM
iiclr-17591	1668	37	)	)	PUNCT
iiclr-17591	1668	38	.	.	PUNCT
iiclr-17591	1669	1	the	the	DET
iiclr-17591	1669	2	average	average	ADJ
iiclr-17591	1669	3	debt	debt	NOUN
iiclr-17591	1669	4	/	/	SYM
iiclr-17591	1669	5	equity	equity	NOUN
iiclr-17591	1669	6	ratio	ratio	NOUN
iiclr-17591	1669	7	of	of	ADP
iiclr-17591	1669	8	152	152	NUM
iiclr-17591	1669	9	largest	large	ADJ
iiclr-17591	1669	10	private	private	ADJ
iiclr-17591	1669	11	italian	italian	ADJ
iiclr-17591	1669	12	groups	group	NOUN
iiclr-17591	1669	13	was	be	AUX
iiclr-17591	1669	14	in	in	ADP
iiclr-17591	1669	15	1992	1992	NUM
iiclr-17591	1669	16	close	close	NOUN
iiclr-17591	1669	17	to	to	ADP
iiclr-17591	1669	18	three	three	NUM
iiclr-17591	1669	19	to	to	ADP
iiclr-17591	1669	20	one	one	NUM
iiclr-17591	1669	21	,	,	PUNCT
iiclr-17591	1669	22	and	and	CCONJ
iiclr-17591	1669	23	even	even	ADV
iiclr-17591	1669	24	higher	high	ADJ
iiclr-17591	1669	25	was	be	AUX
iiclr-17591	1669	26	such	such	ADJ
iiclr-17591	1669	27	ratio	ratio	NOUN
iiclr-17591	1669	28	in	in	ADP
iiclr-17591	1669	29	small	small	ADJ
iiclr-17591	1669	30	-	-	PUNCT
iiclr-17591	1669	31	medium	medium	NOUN
iiclr-17591	1669	32	firms	firm	NOUN
iiclr-17591	1669	33	.	.	PUNCT
iiclr-17591	1670	1	the	the	DET
iiclr-17591	1670	2	overwhelming	overwhelming	ADJ
iiclr-17591	1670	3	majority	majority	NOUN
iiclr-17591	1670	4	of	of	ADP
iiclr-17591	1670	5	the	the	DET
iiclr-17591	1670	6	debt	debt	NOUN
iiclr-17591	1670	7	capital	capital	NOUN
iiclr-17591	1670	8	comes	come	VERB
iiclr-17591	1670	9	from	from	ADP
iiclr-17591	1670	10	banks	bank	NOUN
iiclr-17591	1670	11	via	via	ADP
iiclr-17591	1670	12	direct	direct	ADJ
iiclr-17591	1670	13	financing	financing	NOUN
iiclr-17591	1670	14	(	(	PUNCT
iiclr-17591	1670	15	source	source	NOUN
iiclr-17591	1670	16	:	:	PUNCT
iiclr-17591	1670	17	data	data	PROPN
iiclr-17591	1670	18	centrale	centrale	PROPN
iiclr-17591	1670	19	dei	dei	PROPN
iiclr-17591	1670	20	bilanci	bilanci	NOUN
iiclr-17591	1670	21	,	,	PUNCT
iiclr-17591	1670	22	summarized	summarize	VERB
iiclr-17591	1670	23	in	in	ADP
iiclr-17591	1670	24	supp	supp	PROPN
iiclr-17591	1670	25	.	.	PUNCT
iiclr-17591	1671	1	to	to	PART
iiclr-17591	1671	2	mondo	mondo	VERB
iiclr-17591	1671	3	economico	economico	PROPN
iiclr-17591	1671	4	,	,	PUNCT
iiclr-17591	1671	5	dec	dec	PROPN
iiclr-17591	1671	6	.	.	PROPN
iiclr-17591	1671	7	25	25	NUM
iiclr-17591	1671	8	,	,	PUNCT
iiclr-17591	1671	9	1993	1993	NUM
iiclr-17591	1671	10	,	,	PUNCT
iiclr-17591	1671	11	at	at	ADP
iiclr-17591	1671	12	25	25	NUM
iiclr-17591	1671	13	1	1	NUM
iiclr-17591	1671	14	;	;	PUNCT
iiclr-17591	1671	15	ronchetti	ronchetti	ADJ
iiclr-17591	1671	16	,	,	PUNCT
iiclr-17591	1671	17	supra	supra	PROPN
iiclr-17591	1671	18	note	note	PROPN
iiclr-17591	1671	19	148	148	NUM
iiclr-17591	1671	20	;	;	PUNCT
iiclr-17591	1671	21	il	il	PROPN
iiclr-17591	1671	22	sole	sole	ADJ
iiclr-17591	1671	23	-24	-24	PUNCT
iiclr-17591	1671	24	ore	ore	NOUN
iiclr-17591	1671	25	,	,	PUNCT
iiclr-17591	1671	26	july	july	PROPN
iiclr-17591	1671	27	15	15	NUM
iiclr-17591	1671	28	,	,	PUNCT
iiclr-17591	1671	29	1994	1994	NUM
iiclr-17591	1671	30	,	,	PUNCT
iiclr-17591	1671	31	at	at	ADP
iiclr-17591	1671	32	30	30	NUM
iiclr-17591	1671	33	)	)	PUNCT
iiclr-17591	1671	34	.	.	PUNCT
iiclr-17591	1672	1	moreover	moreover	ADV
iiclr-17591	1672	2	,	,	PUNCT
iiclr-17591	1672	3	such	such	ADJ
iiclr-17591	1672	4	financing	financing	NOUN
iiclr-17591	1672	5	is	be	AUX
iiclr-17591	1672	6	generally	generally	ADV
iiclr-17591	1672	7	short	short	ADJ
iiclr-17591	1672	8	-	-	PUNCT
iiclr-17591	1672	9	term	term	NOUN
iiclr-17591	1672	10	.	.	PUNCT
iiclr-17591	1673	1	on	on	ADP
iiclr-17591	1673	2	the	the	DET
iiclr-17591	1673	3	heavier	heavy	ADJ
iiclr-17591	1673	4	taxation	taxation	NOUN
iiclr-17591	1673	5	of	of	ADP
iiclr-17591	1673	6	equity	equity	NOUN
iiclr-17591	1673	7	as	as	SCONJ
iiclr-17591	1673	8	compared	compare	VERB
iiclr-17591	1673	9	to	to	ADP
iiclr-17591	1673	10	debt	debt	NOUN
iiclr-17591	1673	11	and	and	CCONJ
iiclr-17591	1673	12	the	the	DET
iiclr-17591	1673	13	significance	significance	NOUN
iiclr-17591	1673	14	and	and	CCONJ
iiclr-17591	1673	15	scope	scope	NOUN
iiclr-17591	1673	16	of	of	ADP
iiclr-17591	1673	17	going	go	VERB
iiclr-17591	1673	18	public	public	ADJ
iiclr-17591	1673	19	for	for	ADP
iiclr-17591	1673	20	small	small	ADJ
iiclr-17591	1673	21	-	-	PUNCT
iiclr-17591	1673	22	medium	medium	NOUN
iiclr-17591	1673	23	firms	firm	NOUN
iiclr-17591	1673	24	see	see	VERB
iiclr-17591	1673	25	mercati	mercati	PROPN
iiclr-17591	1673	26	finanziari	finanziari	PROPN
iiclr-17591	1673	27	per	per	ADP
iiclr-17591	1673	28	le	le	X
iiclr-17591	1673	29	piccole	piccole	PROPN
iiclr-17591	1673	30	e	e	PROPN
iiclr-17591	1673	31	medie	medie	PROPN
iiclr-17591	1673	32	imprese	imprese	PROPN
iiclr-17591	1673	33	.	.	PUNCT
iiclr-17591	1674	1	analisi	analisi	PROPN
iiclr-17591	1674	2	e	e	PROPN
iiclr-17591	1674	3	progeito	progeito	NOUN
iiclr-17591	1674	4	per	per	ADP
iiclr-17591	1674	5	il	il	PROPN
iiclr-17591	1674	6	caso	caso	PROPN
iiclr-17591	1674	7	italiano	italiano	NOUN
iiclr-17591	1674	8	(	(	PUNCT
iiclr-17591	1674	9	giancarlo	giancarlo	PROPN
iiclr-17591	1674	10	forestieri	forestieri	PROPN
iiclr-17591	1674	11	ed	ed	PROPN
iiclr-17591	1674	12	.	.	PROPN
iiclr-17591	1674	13	,	,	PUNCT
iiclr-17591	1674	14	1993	1993	NUM
iiclr-17591	1674	15	)	)	PUNCT
iiclr-17591	1674	16	.	.	PUNCT
iiclr-17591	1675	1	199	199	NUM
iiclr-17591	1675	2	.	.	PUNCT
iiclr-17591	1675	3	barca	barca	PROPN
iiclr-17591	1675	4	,	,	PUNCT
iiclr-17591	1675	5	supra	supra	PROPN
iiclr-17591	1675	6	note	note	PROPN
iiclr-17591	1675	7	187	187	NUM
iiclr-17591	1675	8	,	,	PUNCT
iiclr-17591	1675	9	at	at	ADP
iiclr-17591	1675	10	207	207	NUM
iiclr-17591	1675	11	;	;	PUNCT
iiclr-17591	1675	12	giangiacomo	giangiacomo	NOUN
iiclr-17591	1675	13	nardozzi	nardozzi	NOUN
iiclr-17591	1675	14	,	,	PUNCT
iiclr-17591	1675	15	tre	tre	PROPN
iiclr-17591	1675	16	sistemi	sistemi	X
iiclr-17591	1675	17	creditizi	creditizi	PROPN
iiclr-17591	1675	18	(	(	PUNCT
iiclr-17591	1675	19	1983	1983	NUM
iiclr-17591	1675	20	)	)	PUNCT
iiclr-17591	1675	21	;	;	PUNCT
iiclr-17591	1675	22	i	i	PROPN
iiclr-17591	1675	23	d.	d.	PROPN
iiclr-17591	1675	24	,	,	PUNCT
iiclr-17591	1675	25	le	le	X
iiclr-17591	1675	26	banche	banche	X
iiclr-17591	1675	27	ago	ago	ADV
iiclr-17591	1675	28	della	della	PROPN
iiclr-17591	1675	29	transizione	transizione	NOUN
iiclr-17591	1675	30	,	,	PUNCT
iiclr-17591	1675	31	il	il	PROPN
iiclr-17591	1675	32	sole	sole	ADJ
iiclr-17591	1675	33	24	24	NUM
iiclr-17591	1675	34	ore	ore	NOUN
iiclr-17591	1675	35	,	,	PUNCT
iiclr-17591	1675	36	oct	oct	PROPN
iiclr-17591	1675	37	.	.	PROPN
iiclr-17591	1675	38	4	4	NUM
iiclr-17591	1675	39	,	,	PUNCT
iiclr-17591	1675	40	1993	1993	NUM
iiclr-17591	1675	41	,	,	PUNCT
iiclr-17591	1675	42	at	at	ADP
iiclr-17591	1675	43	6	6	NUM
iiclr-17591	1675	44	;	;	PUNCT
iiclr-17591	1675	45	tommaso	tommaso	PROPN
iiclr-17591	1675	46	padoa	padoa	PROPN
iiclr-17591	1675	47	schioppa	schioppa	PROPN
iiclr-17591	1675	48	,	,	PUNCT
iiclr-17591	1675	49	quoted	quote	VERB
iiclr-17591	1675	50	in	in	ADP
iiclr-17591	1675	51	la	la	X
iiclr-17591	1675	52	ripresa	ripresa	PROPN
iiclr-17591	1675	53	va	va	PROPN
iiclr-17591	1675	54	,	,	PUNCT
iiclr-17591	1675	55	ma	ma	PROPN
iiclr-17591	1675	56	senza	senza	PROPN
iiclr-17591	1675	57	credito	credito	PROPN
iiclr-17591	1675	58	,	,	PUNCT
iiclr-17591	1675	59	la	la	PROPN
iiclr-17591	1675	60	stampa	stampa	PROPN
iiclr-17591	1675	61	,	,	PUNCT
iiclr-17591	1675	62	nov	nov	PROPN
iiclr-17591	1675	63	.	.	PROPN
iiclr-17591	1675	64	15	15	NUM
iiclr-17591	1675	65	,	,	PUNCT
iiclr-17591	1675	66	1994	1994	NUM
iiclr-17591	1675	67	,	,	PUNCT
iiclr-17591	1675	68	at	at	ADP
iiclr-17591	1675	69	27	27	NUM
iiclr-17591	1675	70	(	(	PUNCT
iiclr-17591	1675	71	mr	mr	PROPN
iiclr-17591	1675	72	.	.	PROPN
iiclr-17591	1675	73	padoa	padoa	PROPN
iiclr-17591	1675	74	schioppa	schioppa	PROPN
iiclr-17591	1675	75	is	be	AUX
iiclr-17591	1675	76	the	the	DET
iiclr-17591	1675	77	general	general	ADJ
iiclr-17591	1675	78	manager	manager	NOUN
iiclr-17591	1675	79	of	of	ADP
iiclr-17591	1675	80	the	the	DET
iiclr-17591	1675	81	bank	bank	PROPN
iiclr-17591	1675	82	of	of	ADP
iiclr-17591	1675	83	italy	italy	PROPN
iiclr-17591	1675	84	)	)	PUNCT
iiclr-17591	1675	85	.	.	PUNCT
iiclr-17591	1676	1	the	the	DET
iiclr-17591	1676	2	reasons	reason	NOUN
iiclr-17591	1676	3	for	for	ADP
iiclr-17591	1676	4	this	this	PRON
iiclr-17591	1676	5	,	,	PUNCT
iiclr-17591	1676	6	stressed	stress	VERB
iiclr-17591	1676	7	particularly	particularly	ADV
iiclr-17591	1676	8	by	by	ADP
iiclr-17591	1676	9	professor	professor	NOUN
iiclr-17591	1676	10	nardozzi	nardozzi	NOUN
iiclr-17591	1676	11	,	,	PUNCT
iiclr-17591	1676	12	are	be	AUX
iiclr-17591	1676	13	that	that	SCONJ
iiclr-17591	1676	14	while	while	SCONJ
iiclr-17591	1676	15	the	the	DET
iiclr-17591	1676	16	banking	banking	NOUN
iiclr-17591	1676	17	system	system	NOUN
iiclr-17591	1676	18	is	be	AUX
iiclr-17591	1676	19	strong	strong	ADJ
iiclr-17591	1676	20	toward	toward	ADP
iiclr-17591	1676	21	enterprises	enterprise	NOUN
iiclr-17591	1676	22	,	,	PUNCT
iiclr-17591	1676	23	individual	individual	ADJ
iiclr-17591	1676	24	banks	bank	NOUN
iiclr-17591	1676	25	are	be	AUX
iiclr-17591	1676	26	not	not	PART
iiclr-17591	1676	27	,	,	PUNCT
iiclr-17591	1676	28	having	having	AUX
iiclr-17591	1676	29	chosen	choose	VERB
iiclr-17591	1676	30	the	the	DET
iiclr-17591	1676	31	easiest	easy	ADJ
iiclr-17591	1676	32	,	,	PUNCT
iiclr-17591	1676	33	if	if	SCONJ
iiclr-17591	1676	34	not	not	PART
iiclr-17591	1676	35	necessarily	necessarily	ADV
iiclr-17591	1676	36	the	the	DET
iiclr-17591	1676	37	most	most	ADV
iiclr-17591	1676	38	efficient	efficient	ADJ
iiclr-17591	1676	39	,	,	PUNCT
iiclr-17591	1676	40	way	way	NOUN
iiclr-17591	1676	41	of	of	ADP
iiclr-17591	1676	42	limiting	limit	VERB
iiclr-17591	1676	43	risk	risk	NOUN
iiclr-17591	1676	44	:	:	PUNCT
iiclr-17591	1676	45	diversification	diversification	NOUN
iiclr-17591	1676	46	.	.	PUNCT
iiclr-17591	1677	1	each	each	DET
iiclr-17591	1677	2	bank	bank	NOUN
iiclr-17591	1677	3	lends	lend	VERB
iiclr-17591	1677	4	a	a	DET
iiclr-17591	1677	5	relatively	relatively	ADV
iiclr-17591	1677	6	small	small	ADJ
iiclr-17591	1677	7	amount	amount	NOUN
iiclr-17591	1677	8	of	of	ADP
iiclr-17591	1677	9	money	money	NOUN
iiclr-17591	1677	10	to	to	ADP
iiclr-17591	1677	11	each	each	DET
iiclr-17591	1677	12	enterprise	enterprise	NOUN
iiclr-17591	1677	13	,	,	PUNCT
iiclr-17591	1677	14	which	which	PRON
iiclr-17591	1677	15	in	in	ADP
iiclr-17591	1677	16	turn	turn	NOUN
iiclr-17591	1677	17	resorts	resort	NOUN
iiclr-17591	1677	18	to	to	ADP
iiclr-17591	1677	19	multiple	multiple	ADJ
iiclr-17591	1677	20	banks	bank	NOUN
iiclr-17591	1677	21	for	for	ADP
iiclr-17591	1677	22	its	its	PRON
iiclr-17591	1677	23	needs	need	NOUN
iiclr-17591	1677	24	.	.	PUNCT
iiclr-17591	1678	1	each	each	DET
iiclr-17591	1678	2	bank	bank	NOUN
iiclr-17591	1678	3	is	be	AUX
iiclr-17591	1678	4	sure	sure	ADJ
iiclr-17591	1678	5	of	of	ADP
iiclr-17591	1678	6	losing	lose	VERB
iiclr-17591	1678	7	a	a	DET
iiclr-17591	1678	8	given	give	VERB
iiclr-17591	1678	9	percentage	percentage	NOUN
iiclr-17591	1678	10	of	of	ADP
iiclr-17591	1678	11	loans	loan	NOUN
iiclr-17591	1678	12	to	to	ADP
iiclr-17591	1678	13	bad	bad	ADJ
iiclr-17591	1678	14	debtors	debtor	NOUN
iiclr-17591	1678	15	,	,	PUNCT
iiclr-17591	1678	16	but	but	CCONJ
iiclr-17591	1678	17	it	it	PRON
iiclr-17591	1678	18	is	be	AUX
iiclr-17591	1678	19	unlikely	unlikely	ADJ
iiclr-17591	1678	20	to	to	PART
iiclr-17591	1678	21	suffer	suffer	VERB
iiclr-17591	1678	22	losses	loss	NOUN
iiclr-17591	1678	23	heavier	heavier	ADV
iiclr-17591	1678	24	than	than	ADP
iiclr-17591	1678	25	the	the	DET
iiclr-17591	1678	26	class	class	NOUN
iiclr-17591	1678	27	of	of	ADP
iiclr-17591	1678	28	banks	bank	NOUN
iiclr-17591	1678	29	of	of	ADP
iiclr-17591	1678	30	the	the	DET
iiclr-17591	1678	31	same	same	ADJ
iiclr-17591	1678	32	kind	kind	NOUN
iiclr-17591	1678	33	(	(	PUNCT
iiclr-17591	1678	34	which	which	PRON
iiclr-17591	1678	35	is	be	AUX
iiclr-17591	1678	36	satisfactory	satisfactory	ADJ
iiclr-17591	1678	37	for	for	ADP
iiclr-17591	1678	38	bank	bank	NOUN
iiclr-17591	1678	39	managers	manager	NOUN
iiclr-17591	1678	40	,	,	PUNCT
iiclr-17591	1678	41	according	accord	VERB
iiclr-17591	1678	42	to	to	ADP
iiclr-17591	1678	43	the	the	DET
iiclr-17591	1678	44	notorious	notorious	ADJ
iiclr-17591	1678	45	phenomenon	phenomenon	NOUN
iiclr-17591	1678	46	that	that	SCONJ
iiclr-17591	1678	47	managers	manager	NOUN
iiclr-17591	1678	48	risk	risk	VERB
iiclr-17591	1678	49	more	more	ADV
iiclr-17591	1678	50	when	when	SCONJ
iiclr-17591	1678	51	the	the	DET
iiclr-17591	1678	52	firm	firm	NOUN
iiclr-17591	1678	53	underperforms	underperform	VERB
iiclr-17591	1678	54	the	the	DET
iiclr-17591	1678	55	market	market	NOUN
iiclr-17591	1678	56	than	than	ADP
iiclr-17591	1678	57	when	when	SCONJ
iiclr-17591	1678	58	all	all	DET
iiclr-17591	1678	59	the	the	DET
iiclr-17591	1678	60	market	market	NOUN
iiclr-17591	1678	61	performs	perform	VERB
iiclr-17591	1678	62	badly	badly	ADV
iiclr-17591	1678	63	;	;	PUNCT
iiclr-17591	1678	64	therefore	therefore	ADV
iiclr-17591	1678	65	,	,	PUNCT
iiclr-17591	1678	66	having	have	VERB
iiclr-17591	1678	67	asymmetric	asymmetric	ADJ
iiclr-17591	1678	68	risks	risk	NOUN
iiclr-17591	1678	69	and	and	CCONJ
iiclr-17591	1678	70	asymmetric	asymmetric	ADJ
iiclr-17591	1678	71	incentives	incentive	NOUN
iiclr-17591	1678	72	,	,	PUNCT
iiclr-17591	1678	73	managers	manager	NOUN
iiclr-17591	1678	74	may	may	AUX
iiclr-17591	1678	75	consciously	consciously	ADV
iiclr-17591	1678	76	pursue	pursue	VERB
iiclr-17591	1678	77	suboptimal	suboptimal	ADJ
iiclr-17591	1678	78	strategies	strategy	NOUN
iiclr-17591	1678	79	:	:	PUNCT
iiclr-17591	1678	80	michael	michael	PROPN
iiclr-17591	1678	81	e.	e.	PROPN
iiclr-17591	1678	82	porter	porter	PROPN
iiclr-17591	1678	83	,	,	PUNCT
iiclr-17591	1678	84	competitive	competitive	ADJ
iiclr-17591	1678	85	strategy	strategy	NOUN
iiclr-17591	1678	86	(	(	PUNCT
iiclr-17591	1678	87	1980	1980	NUM
iiclr-17591	1678	88	)	)	PUNCT
iiclr-17591	1678	89	)	)	PUNCT
iiclr-17591	1678	90	.	.	PUNCT
iiclr-17591	1679	1	moreover	moreover	ADV
iiclr-17591	1679	2	,	,	PUNCT
iiclr-17591	1679	3	italian	italian	ADJ
iiclr-17591	1679	4	banks	bank	NOUN
iiclr-17591	1679	5	perform	perform	VERB
iiclr-17591	1679	6	virtually	virtually	ADV
iiclr-17591	1679	7	no	no	DET
iiclr-17591	1679	8	consulting	consulting	NOUN
iiclr-17591	1679	9	function	function	NOUN
iiclr-17591	1679	10	since	since	SCONJ
iiclr-17591	1679	11	the	the	DET
iiclr-17591	1679	12	banking	banking	NOUN
iiclr-17591	1679	13	crisis	crisis	NOUN
iiclr-17591	1679	14	of	of	ADP
iiclr-17591	1679	15	the	the	DET
iiclr-17591	1679	16	'	'	NOUN
iiclr-17591	1679	17	30s	30	NOUN
iiclr-17591	1679	18	(	(	PUNCT
iiclr-17591	1679	19	barca	barca	NOUN
iiclr-17591	1679	20	,	,	PUNCT
iiclr-17591	1679	21	supra	supra	PROPN
iiclr-17591	1679	22	note	note	PROPN
iiclr-17591	1679	23	187	187	NUM
iiclr-17591	1679	24	,	,	PUNCT
iiclr-17591	1679	25	at	at	ADP
iiclr-17591	1679	26	204	204	NUM
iiclr-17591	1679	27	-	-	SYM
iiclr-17591	1679	28	05	05	NUM
iiclr-17591	1679	29	)	)	PUNCT
iiclr-17591	1679	30	,	,	PUNCT
iiclr-17591	1679	31	possibly	possibly	ADV
iiclr-17591	1679	32	as	as	ADP
iiclr-17591	1679	33	a	a	DET
iiclr-17591	1679	34	consequence	consequence	NOUN
iiclr-17591	1679	35	of	of	ADP
iiclr-17591	1679	36	width	width	NOUN
iiclr-17591	1679	37	of	of	ADP
iiclr-17591	1679	38	the	the	DET
iiclr-17591	1679	39	portfolio	portfolio	NOUN
iiclr-17591	1679	40	of	of	ADP
iiclr-17591	1679	41	debtors	debtor	NOUN
iiclr-17591	1679	42	.	.	PUNCT
iiclr-17591	1680	1	using	use	VERB
iiclr-17591	1680	2	a	a	DET
iiclr-17591	1680	3	very	very	ADV
iiclr-17591	1680	4	effective	effective	ADJ
iiclr-17591	1680	5	metaphor	metaphor	NOUN
iiclr-17591	1680	6	(	(	PUNCT
iiclr-17591	1680	7	john	john	PROPN
iiclr-17591	1680	8	c.	c.	PROPN
iiclr-17591	1680	9	coffee	coffee	PROPN
iiclr-17591	1680	10	,	,	PUNCT
iiclr-17591	1680	11	jr	jr	PROPN
iiclr-17591	1680	12	.	.	PROPN
iiclr-17591	1680	13	,	,	PUNCT
iiclr-17591	1680	14	liquidity	liquidity	NOUN
iiclr-17591	1680	15	versus	versus	ADP
iiclr-17591	1680	16	control	control	PROPN
iiclr-17591	1680	17	:	:	PUNCT
iiclr-17591	1680	18	the	the	DET
iiclr-17591	1680	19	institutional	institutional	ADJ
iiclr-17591	1680	20	investor	investor	NOUN
iiclr-17591	1680	21	as	as	ADP
iiclr-17591	1680	22	corporate	corporate	ADJ
iiclr-17591	1680	23	monitor	monitor	NOUN
iiclr-17591	1680	24	,	,	PUNCT
iiclr-17591	1680	25	91	91	NUM
iiclr-17591	1680	26	colum	colum	NOUN
iiclr-17591	1680	27	.	.	PUNCT
iiclr-17591	1681	1	l.	l.	PROPN
iiclr-17591	1681	2	rev	rev	PROPN
iiclr-17591	1681	3	.	.	PROPN
iiclr-17591	1681	4	1277	1277	NUM
iiclr-17591	1681	5	(	(	PUNCT
iiclr-17591	1681	6	1991	1991	NUM
iiclr-17591	1681	7	)	)	PUNCT
iiclr-17591	1681	8	)	)	PUNCT
iiclr-17591	1681	9	,	,	PUNCT
iiclr-17591	1681	10	we	we	PRON
iiclr-17591	1681	11	could	could	AUX
iiclr-17591	1681	12	then	then	ADV
iiclr-17591	1681	13	say	say	VERB
iiclr-17591	1681	14	that	that	SCONJ
iiclr-17591	1681	15	italian	italian	ADJ
iiclr-17591	1681	16	banks	bank	NOUN
iiclr-17591	1681	17	have	have	AUX
iiclr-17591	1681	18	chosen	choose	VERB
iiclr-17591	1681	19	"	"	PUNCT
iiclr-17591	1681	20	liquidity	liquidity	NOUN
iiclr-17591	1681	21	"	"	PUNCT
iiclr-17591	1681	22	rather	rather	ADV
iiclr-17591	1681	23	than	than	ADP
iiclr-17591	1681	24	"	"	PUNCT
iiclr-17591	1681	25	control	control	NOUN
iiclr-17591	1681	26	"	"	PUNCT
iiclr-17591	1681	27	;	;	PUNCT
iiclr-17591	1681	28	the	the	DET
iiclr-17591	1681	29	economic	economic	ADJ
iiclr-17591	1681	30	system	system	NOUN
iiclr-17591	1681	31	,	,	PUNCT
iiclr-17591	1681	32	however	however	ADV
iiclr-17591	1681	33	,	,	PUNCT
iiclr-17591	1681	34	is	be	AUX
iiclr-17591	1681	35	a	a	DET
iiclr-17591	1681	36	net	net	ADJ
iiclr-17591	1681	37	loser	loser	NOUN
iiclr-17591	1681	38	,	,	PUNCT
iiclr-17591	1681	39	as	as	SCONJ
iiclr-17591	1681	40	good	good	ADJ
iiclr-17591	1681	41	entrepreneurs	entrepreneur	NOUN
iiclr-17591	1681	42	receive	receive	VERB
iiclr-17591	1681	43	the	the	DET
iiclr-17591	1681	44	same	same	ADJ
iiclr-17591	1681	45	conditions	condition	NOUN
iiclr-17591	1681	46	as	as	ADP
iiclr-17591	1681	47	bad	bad	ADJ
iiclr-17591	1681	48	ones	one	NOUN
iiclr-17591	1681	49	.	.	PUNCT
iiclr-17591	1682	1	we	we	PRON
iiclr-17591	1682	2	could	could	AUX
iiclr-17591	1682	3	then	then	ADV
iiclr-17591	1682	4	explore	explore	VERB
iiclr-17591	1682	5	the	the	DET
iiclr-17591	1682	6	reasons	reason	NOUN
iiclr-17591	1682	7	for	for	ADP
iiclr-17591	1682	8	this	this	DET
iiclr-17591	1682	9	behavior	behavior	NOUN
iiclr-17591	1682	10	,	,	PUNCT
iiclr-17591	1682	11	which	which	PRON
iiclr-17591	1682	12	in	in	ADP
iiclr-17591	1682	13	my	my	PRON
iiclr-17591	1682	14	view	view	NOUN
iiclr-17591	1682	15	,	,	PUNCT
iiclr-17591	1682	16	not	not	PART
iiclr-17591	1682	17	unlike	unlike	ADP
iiclr-17591	1682	18	the	the	DET
iiclr-17591	1682	19	diagnosis	diagnosis	NOUN
iiclr-17591	1682	20	of	of	ADP
iiclr-17591	1682	21	professor	professor	NOUN
iiclr-17591	1682	22	coffee	coffee	NOUN
iiclr-17591	1682	23	for	for	ADP
iiclr-17591	1682	24	institutional	institutional	ADJ
iiclr-17591	1682	25	money	money	NOUN
iiclr-17591	1682	26	managers	manager	NOUN
iiclr-17591	1682	27	,	,	PUNCT
iiclr-17591	1682	28	lie	lie	VERB
iiclr-17591	1682	29	in	in	ADP
iiclr-17591	1682	30	the	the	DET
iiclr-17591	1682	31	lack	lack	NOUN
iiclr-17591	1682	32	of	of	ADP
iiclr-17591	1682	33	incentives	incentive	NOUN
iiclr-17591	1682	34	for	for	ADP
iiclr-17591	1682	35	credit	credit	NOUN
iiclr-17591	1682	36	managers	manager	NOUN
iiclr-17591	1682	37	of	of	ADP
iiclr-17591	1682	38	banks	bank	NOUN
iiclr-17591	1682	39	to	to	PART
iiclr-17591	1682	40	invest	invest	VERB
iiclr-17591	1682	41	resources	resource	NOUN
iiclr-17591	1682	42	in	in	ADP
iiclr-17591	1682	43	selecting	select	VERB
iiclr-17591	1682	44	good	good	ADJ
iiclr-17591	1682	45	borrowers	borrower	NOUN
iiclr-17591	1682	46	.	.	PUNCT
iiclr-17591	1683	1	200	200	NUM
iiclr-17591	1683	2	.	.	PUNCT
iiclr-17591	1684	1	this	this	DET
iiclr-17591	1684	2	strange	strange	ADJ
iiclr-17591	1684	3	motivation	motivation	NOUN
iiclr-17591	1684	4	is	be	AUX
iiclr-17591	1684	5	noticed	notice	VERB
iiclr-17591	1684	6	by	by	ADP
iiclr-17591	1684	7	attilio	attilio	PROPN
iiclr-17591	1684	8	ventura	ventura	PROPN
iiclr-17591	1684	9	,	,	PUNCT
iiclr-17591	1684	10	quoted	quote	VERB
iiclr-17591	1684	11	in	in	ADP
iiclr-17591	1684	12	ronchetti	ronchetti	PROPN
iiclr-17591	1684	13	,	,	PUNCT
iiclr-17591	1684	14	supra	supra	PROPN
iiclr-17591	1684	15	note	note	NOUN
iiclr-17591	1684	16	148	148	NUM
iiclr-17591	1684	17	.	.	PUNCT
iiclr-17591	1685	1	mr	mr	PROPN
iiclr-17591	1685	2	.	.	PROPN
iiclr-17591	1685	3	ventura	ventura	PROPN
iiclr-17591	1685	4	isa	isa	PROPN
iiclr-17591	1685	5	leading	lead	VERB
iiclr-17591	1685	6	observer	observer	NOUN
iiclr-17591	1685	7	of	of	ADP
iiclr-17591	1685	8	the	the	DET
iiclr-17591	1685	9	italian	italian	ADJ
iiclr-17591	1685	10	stock	stock	NOUN
iiclr-17591	1685	11	market	market	NOUN
iiclr-17591	1685	12	and	and	CCONJ
iiclr-17591	1685	13	is	be	AUX
iiclr-17591	1685	14	presently	presently	ADV
iiclr-17591	1685	15	the	the	DET
iiclr-17591	1685	16	chairman	chairman	NOUN
iiclr-17591	1685	17	of	of	ADP
iiclr-17591	1685	18	the	the	DET
iiclr-17591	1685	19	stock	stock	PROPN
iiclr-17591	1685	20	exchange	exchange	PROPN
iiclr-17591	1685	21	council	council	PROPN
iiclr-17591	1685	22	,	,	PUNCT
iiclr-17591	1685	23	supervisory	supervisory	ADJ
iiclr-17591	1685	24	authority	authority	NOUN
iiclr-17591	1685	25	on	on	ADP
iiclr-17591	1685	26	the	the	DET
iiclr-17591	1685	27	italian	italian	ADJ
iiclr-17591	1685	28	stock	stock	NOUN
iiclr-17591	1685	29	exchange	exchange	NOUN
iiclr-17591	1685	30	set	set	VERB
iiclr-17591	1685	31	up	up	ADP
iiclr-17591	1685	32	by	by	ADP
iiclr-17591	1685	33	[	[	X
iiclr-17591	1685	34	vol	vol	NOUN
iiclr-17591	1685	35	.	.	PUNCT
iiclr-17591	1686	1	6:1	6:1	NUM
iiclr-17591	1686	2	corporate	corporate	ADJ
iiclr-17591	1686	3	governance	governance	NOUN
iiclr-17591	1686	4	in	in	ADP
iiclr-17591	1686	5	italy	italy	PROPN
iiclr-17591	1686	6	entrepreneurs	entrepreneur	NOUN
iiclr-17591	1686	7	are	be	AUX
iiclr-17591	1686	8	wary	wary	ADJ
iiclr-17591	1686	9	both	both	PRON
iiclr-17591	1686	10	of	of	ADP
iiclr-17591	1686	11	going	go	VERB
iiclr-17591	1686	12	public	public	ADJ
iiclr-17591	1686	13	and	and	CCONJ
iiclr-17591	1686	14	of	of	ADP
iiclr-17591	1686	15	letting	let	VERB
iiclr-17591	1686	16	in	in	ADP
iiclr-17591	1686	17	new	new	ADJ
iiclr-17591	1686	18	shareholders	shareholder	NOUN
iiclr-17591	1686	19	.	.	PUNCT
iiclr-17591	1687	1	"	"	PUNCT
iiclr-17591	1687	2	'	'	PUNCT
iiclr-17591	1687	3	besides	besides	SCONJ
iiclr-17591	1687	4	tax	tax	NOUN
iiclr-17591	1687	5	and	and	CCONJ
iiclr-17591	1687	6	economic	economic	ADJ
iiclr-17591	1687	7	factors	factor	NOUN
iiclr-17591	1687	8	,	,	PUNCT
iiclr-17591	1687	9	cultural	cultural	ADJ
iiclr-17591	1687	10	factors	factor	NOUN
iiclr-17591	1687	11	also	also	ADV
iiclr-17591	1687	12	play	play	VERB
iiclr-17591	1687	13	a	a	DET
iiclr-17591	1687	14	significant	significant	ADJ
iiclr-17591	1687	15	role.2	role.2	NOUN
iiclr-17591	1687	16	2	2	NUM
iiclr-17591	1687	17	so	so	ADV
iiclr-17591	1687	18	far	far	ADV
iiclr-17591	1687	19	we	we	PRON
iiclr-17591	1687	20	have	have	AUX
iiclr-17591	1687	21	examined	examine	VERB
iiclr-17591	1687	22	why	why	SCONJ
iiclr-17591	1687	23	firms	firm	NOUN
iiclr-17591	1687	24	have	have	AUX
iiclr-17591	1687	25	not	not	PART
iiclr-17591	1687	26	resorted	resort	VERB
iiclr-17591	1687	27	to	to	ADP
iiclr-17591	1687	28	the	the	DET
iiclr-17591	1687	29	public	public	ADJ
iiclr-17591	1687	30	stock	stock	NOUN
iiclr-17591	1687	31	market	market	NOUN
iiclr-17591	1687	32	.	.	PUNCT
iiclr-17591	1688	1	other	other	ADJ
iiclr-17591	1688	2	elements	element	NOUN
iiclr-17591	1688	3	,	,	PUNCT
iiclr-17591	1688	4	not	not	PART
iiclr-17591	1688	5	less	less	ADV
iiclr-17591	1688	6	important	important	ADJ
iiclr-17591	1688	7	,	,	PUNCT
iiclr-17591	1688	8	explain	explain	VERB
iiclr-17591	1688	9	why	why	SCONJ
iiclr-17591	1688	10	investors	investor	NOUN
iiclr-17591	1688	11	have	have	AUX
iiclr-17591	1688	12	not	not	PART
iiclr-17591	1688	13	found	find	VERB
iiclr-17591	1688	14	stock	stock	NOUN
iiclr-17591	1688	15	particularly	particularly	ADV
iiclr-17591	1688	16	attractive	attractive	ADJ
iiclr-17591	1688	17	,	,	PUNCT
iiclr-17591	1688	18	or	or	CCONJ
iiclr-17591	1688	19	in	in	ADP
iiclr-17591	1688	20	any	any	DET
iiclr-17591	1688	21	event	event	NOUN
iiclr-17591	1688	22	why	why	SCONJ
iiclr-17591	1688	23	there	there	PRON
iiclr-17591	1688	24	has	have	AUX
iiclr-17591	1688	25	been	be	AUX
iiclr-17591	1688	26	relatively	relatively	ADV
iiclr-17591	1688	27	little	little	ADJ
iiclr-17591	1688	28	demand	demand	NOUN
iiclr-17591	1688	29	for	for	ADP
iiclr-17591	1688	30	stock	stock	NOUN
iiclr-17591	1688	31	.	.	PUNCT
iiclr-17591	1689	1	first	first	ADV
iiclr-17591	1689	2	,	,	PUNCT
iiclr-17591	1689	3	up	up	ADP
iiclr-17591	1689	4	to	to	ADP
iiclr-17591	1689	5	now	now	ADV
iiclr-17591	1689	6	italy	italy	PROPN
iiclr-17591	1689	7	has	have	AUX
iiclr-17591	1689	8	had	have	VERB
iiclr-17591	1689	9	,	,	PUNCT
iiclr-17591	1689	10	and	and	CCONJ
iiclr-17591	1689	11	even	even	ADV
iiclr-17591	1689	12	after	after	ADP
iiclr-17591	1689	13	the	the	DET
iiclr-17591	1689	14	1995	1995	NUM
iiclr-17591	1689	15	reform	reform	NOUN
iiclr-17591	1689	16	will	will	AUX
iiclr-17591	1689	17	continue	continue	VERB
iiclr-17591	1689	18	to	to	PART
iiclr-17591	1689	19	have	have	VERB
iiclr-17591	1689	20	,	,	PUNCT
iiclr-17591	1689	21	a	a	DET
iiclr-17591	1689	22	pension	pension	NOUN
iiclr-17591	1689	23	system	system	NOUN
iiclr-17591	1689	24	mostly	mostly	ADV
iiclr-17591	1689	25	based	base	VERB
iiclr-17591	1689	26	on	on	ADP
iiclr-17591	1689	27	the	the	DET
iiclr-17591	1689	28	intervention	intervention	NOUN
iiclr-17591	1689	29	of	of	ADP
iiclr-17591	1689	30	public	public	ADJ
iiclr-17591	1689	31	or	or	CCONJ
iiclr-17591	1689	32	quasi	quasi	ADJ
iiclr-17591	1689	33	-	-	ADJ
iiclr-17591	1689	34	public	public	ADJ
iiclr-17591	1689	35	agencies	agency	NOUN
iiclr-17591	1689	36	that	that	PRON
iiclr-17591	1689	37	tend	tend	VERB
iiclr-17591	1689	38	to	to	PART
iiclr-17591	1689	39	use	use	VERB
iiclr-17591	1689	40	the	the	DET
iiclr-17591	1689	41	cash	cash	NOUN
iiclr-17591	1689	42	paid	pay	VERB
iiclr-17591	1689	43	by	by	ADP
iiclr-17591	1689	44	present	present	ADJ
iiclr-17591	1689	45	employees	employee	NOUN
iiclr-17591	1689	46	to	to	PART
iiclr-17591	1689	47	pay	pay	VERB
iiclr-17591	1689	48	benefits	benefit	NOUN
iiclr-17591	1689	49	to	to	ADP
iiclr-17591	1689	50	retired	retire	VERB
iiclr-17591	1689	51	workers	worker	NOUN
iiclr-17591	1689	52	.	.	PUNCT
iiclr-17591	1690	1	nothing	nothing	PRON
iiclr-17591	1690	2	like	like	ADP
iiclr-17591	1690	3	american	american	ADJ
iiclr-17591	1690	4	pension	pension	NOUN
iiclr-17591	1690	5	funds	fund	NOUN
iiclr-17591	1690	6	,	,	PUNCT
iiclr-17591	1690	7	one	one	NUM
iiclr-17591	1690	8	of	of	ADP
iiclr-17591	1690	9	the	the	DET
iiclr-17591	1690	10	driving	drive	VERB
iiclr-17591	1690	11	forces	force	NOUN
iiclr-17591	1690	12	of	of	ADP
iiclr-17591	1690	13	american	american	ADJ
iiclr-17591	1690	14	capital	capital	NOUN
iiclr-17591	1690	15	markets,2"3	markets,2"3	PROPN
iiclr-17591	1690	16	exists	exist	VERB
iiclr-17591	1690	17	in	in	ADP
iiclr-17591	1690	18	italy	italy	PROPN
iiclr-17591	1690	19	;	;	PUNCT
iiclr-17591	1690	20	italian	italian	ADJ
iiclr-17591	1690	21	pension	pension	NOUN
iiclr-17591	1690	22	funds	fund	NOUN
iiclr-17591	1690	23	are	be	AUX
iiclr-17591	1690	24	made	make	VERB
iiclr-17591	1690	25	up	up	ADP
iiclr-17591	1690	26	only	only	ADV
iiclr-17591	1690	27	of	of	ADP
iiclr-17591	1690	28	voluntary	voluntary	ADJ
iiclr-17591	1690	29	,	,	PUNCT
iiclr-17591	1690	30	additional	additional	ADJ
iiclr-17591	1690	31	and	and	CCONJ
iiclr-17591	1690	32	therefore	therefore	ADV
iiclr-17591	1690	33	necessarily	necessarily	ADV
iiclr-17591	1690	34	limited	limit	VERB
iiclr-17591	1690	35	,	,	PUNCT
iiclr-17591	1690	36	retirement	retirement	NOUN
iiclr-17591	1690	37	savings	saving	NOUN
iiclr-17591	1690	38	.	.	PUNCT
iiclr-17591	1691	1	furthermore	furthermore	ADV
iiclr-17591	1691	2	,	,	PUNCT
iiclr-17591	1691	3	a	a	DET
iiclr-17591	1691	4	huge	huge	ADJ
iiclr-17591	1691	5	public	public	ADJ
iiclr-17591	1691	6	deficit	deficit	NOUN
iiclr-17591	1691	7	has	have	AUX
iiclr-17591	1691	8	forced	force	VERB
iiclr-17591	1691	9	the	the	DET
iiclr-17591	1691	10	state	state	NOUN
iiclr-17591	1691	11	to	to	PART
iiclr-17591	1691	12	continually	continually	ADV
iiclr-17591	1691	13	drain	drain	VERB
iiclr-17591	1691	14	capital	capital	NOUN
iiclr-17591	1691	15	from	from	ADP
iiclr-17591	1691	16	the	the	DET
iiclr-17591	1691	17	public	public	NOUN
iiclr-17591	1691	18	,	,	PUNCT
iiclr-17591	1691	19	thus	thus	ADV
iiclr-17591	1691	20	diverting	divert	VERB
iiclr-17591	1691	21	a	a	DET
iiclr-17591	1691	22	large	large	ADJ
iiclr-17591	1691	23	part	part	NOUN
iiclr-17591	1691	24	of	of	ADP
iiclr-17591	1691	25	household	household	NOUN
iiclr-17591	1691	26	savings	saving	NOUN
iiclr-17591	1691	27	from	from	ADP
iiclr-17591	1691	28	private	private	ADJ
iiclr-17591	1691	29	capital	capital	NOUN
iiclr-17591	1691	30	markets	market	NOUN
iiclr-17591	1691	31	into	into	ADP
iiclr-17591	1691	32	the	the	DET
iiclr-17591	1691	33	government	government	NOUN
iiclr-17591	1691	34	's	's	PART
iiclr-17591	1691	35	ailing	ail	VERB
iiclr-17591	1691	36	coffers	coffer	NOUN
iiclr-17591	1691	37	.	.	PUNCT
iiclr-17591	1692	1	in	in	ADP
iiclr-17591	1692	2	recent	recent	ADJ
iiclr-17591	1692	3	years	year	NOUN
iiclr-17591	1692	4	,	,	PUNCT
iiclr-17591	1692	5	average	average	ADJ
iiclr-17591	1692	6	government	government	NOUN
iiclr-17591	1692	7	bond	bond	NOUN
iiclr-17591	1692	8	yields	yield	NOUN
iiclr-17591	1692	9	,	,	PUNCT
iiclr-17591	1692	10	pushed	push	VERB
iiclr-17591	1692	11	up	up	ADP
iiclr-17591	1692	12	by	by	ADP
iiclr-17591	1692	13	the	the	DET
iiclr-17591	1692	14	state	state	NOUN
iiclr-17591	1692	15	's	's	PART
iiclr-17591	1692	16	increasing	increase	VERB
iiclr-17591	1692	17	financing	financing	NOUN
iiclr-17591	1692	18	needs	need	NOUN
iiclr-17591	1692	19	,	,	PUNCT
iiclr-17591	1692	20	have	have	AUX
iiclr-17591	1692	21	been	be	AUX
iiclr-17591	1692	22	higher	high	ADJ
iiclr-17591	1692	23	than	than	ADP
iiclr-17591	1692	24	most	most	ADJ
iiclr-17591	1692	25	stocks.20	stocks.20	NOUN
iiclr-17591	1692	26	although	although	SCONJ
iiclr-17591	1692	27	this	this	DET
iiclr-17591	1692	28	phenomenon	phenomenon	NOUN
iiclr-17591	1692	29	can	can	AUX
iiclr-17591	1692	30	not	not	PART
iiclr-17591	1692	31	account	account	VERB
iiclr-17591	1692	32	entirely	entirely	ADV
iiclr-17591	1692	33	for	for	SCONJ
iiclr-17591	1692	34	the	the	DET
iiclr-17591	1692	35	underdevelopment	underdevelopment	NOUN
iiclr-17591	1692	36	of	of	ADP
iiclr-17591	1692	37	the	the	DET
iiclr-17591	1692	38	italian	italian	ADJ
iiclr-17591	1692	39	stock	stock	NOUN
iiclr-17591	1692	40	market,"2	market,"2	ADJ
iiclr-17591	1692	41	it	it	PRON
iiclr-17591	1692	42	is	be	AUX
iiclr-17591	1692	43	art	art	NOUN
iiclr-17591	1692	44	.	.	PUNCT
iiclr-17591	1693	1	24	24	NUM
iiclr-17591	1693	2	,	,	PUNCT
iiclr-17591	1693	3	law	law	NOUN
iiclr-17591	1693	4	of	of	ADP
iiclr-17591	1693	5	jan	jan	PROPN
iiclr-17591	1693	6	.	.	PROPN
iiclr-17591	1693	7	2	2	NUM
iiclr-17591	1693	8	,	,	PUNCT
iiclr-17591	1693	9	1991	1991	NUM
iiclr-17591	1693	10	,	,	PUNCT
iiclr-17591	1693	11	no	no	INTJ
iiclr-17591	1693	12	.	.	NOUN
iiclr-17591	1693	13	1	1	X
iiclr-17591	1693	14	.	.	X
iiclr-17591	1694	1	many	many	ADJ
iiclr-17591	1694	2	voices	voice	NOUN
iiclr-17591	1694	3	claim	claim	VERB
iiclr-17591	1694	4	that	that	SCONJ
iiclr-17591	1694	5	going	go	VERB
iiclr-17591	1694	6	public	public	ADJ
iiclr-17591	1694	7	would	would	AUX
iiclr-17591	1694	8	nevertheless	nevertheless	ADV
iiclr-17591	1694	9	be	be	AUX
iiclr-17591	1694	10	beneficial	beneficial	ADJ
iiclr-17591	1694	11	for	for	ADP
iiclr-17591	1694	12	many	many	ADJ
iiclr-17591	1694	13	small	small	ADJ
iiclr-17591	1694	14	-	-	PUNCT
iiclr-17591	1694	15	medium	medium	NOUN
iiclr-17591	1694	16	firms	firm	NOUN
iiclr-17591	1694	17	(	(	PUNCT
iiclr-17591	1694	18	see	see	VERB
iiclr-17591	1694	19	also	also	ADV
iiclr-17591	1694	20	supra	supra	PROPN
iiclr-17591	1694	21	note	note	NOUN
iiclr-17591	1694	22	147	147	NUM
iiclr-17591	1694	23	for	for	ADP
iiclr-17591	1694	24	some	some	DET
iiclr-17591	1694	25	impressive	impressive	ADJ
iiclr-17591	1694	26	data	datum	NOUN
iiclr-17591	1694	27	on	on	ADP
iiclr-17591	1694	28	how	how	SCONJ
iiclr-17591	1694	29	many	many	ADJ
iiclr-17591	1694	30	italian	italian	ADJ
iiclr-17591	1694	31	firms	firm	NOUN
iiclr-17591	1694	32	would	would	AUX
iiclr-17591	1694	33	be	be	AUX
iiclr-17591	1694	34	eligible	eligible	ADJ
iiclr-17591	1694	35	for	for	ADP
iiclr-17591	1694	36	listing	list	VERB
iiclr-17591	1694	37	)	)	PUNCT
iiclr-17591	1694	38	,	,	PUNCT
iiclr-17591	1694	39	but	but	CCONJ
iiclr-17591	1694	40	many	many	ADJ
iiclr-17591	1694	41	of	of	ADP
iiclr-17591	1694	42	them	they	PRON
iiclr-17591	1694	43	point	point	NOUN
iiclr-17591	1694	44	at	at	ADP
iiclr-17591	1694	45	the	the	DET
iiclr-17591	1694	46	costs	cost	NOUN
iiclr-17591	1694	47	of	of	ADP
iiclr-17591	1694	48	listing	list	VERB
iiclr-17591	1694	49	as	as	ADP
iiclr-17591	1694	50	a	a	DET
iiclr-17591	1694	51	deterring	deter	VERB
iiclr-17591	1694	52	obstacle	obstacle	NOUN
iiclr-17591	1694	53	(	(	PUNCT
iiclr-17591	1694	54	see	see	VERB
iiclr-17591	1694	55	alberto	alberto	PROPN
iiclr-17591	1694	56	ronchetti	ronchetti	PROPN
iiclr-17591	1694	57	,	,	PUNCT
iiclr-17591	1694	58	e	e	PROPN
iiclr-17591	1694	59	le	le	X
iiclr-17591	1694	60	aziende	aziende	PROPN
iiclr-17591	1694	61	tornano	tornano	VERB
iiclr-17591	1694	62	a	a	DET
iiclr-17591	1694	63	respirare	respirare	NOUN
iiclr-17591	1694	64	,	,	PUNCT
iiclr-17591	1694	65	mondo	mondo	NOUN
iiclr-17591	1694	66	economico	economico	PROPN
iiclr-17591	1694	67	,	,	PUNCT
iiclr-17591	1694	68	oct	oct	PROPN
iiclr-17591	1694	69	.	.	PROPN
iiclr-17591	1694	70	15	15	NUM
iiclr-17591	1694	71	,	,	PUNCT
iiclr-17591	1694	72	1994	1994	NUM
iiclr-17591	1694	73	,	,	PUNCT
iiclr-17591	1694	74	at	at	ADP
iiclr-17591	1694	75	84	84	NUM
iiclr-17591	1694	76	)	)	PUNCT
iiclr-17591	1694	77	.	.	PUNCT
iiclr-17591	1695	1	201	201	NUM
iiclr-17591	1695	2	.	.	PUNCT
iiclr-17591	1696	1	minisero	minisero	PROPN
iiclr-17591	1696	2	dell'ndustra	dell'ndustra	PROPN
iiclr-17591	1696	3	&	&	CCONJ
iiclr-17591	1696	4	mediocredito	mediocredito	PROPN
iiclr-17591	1696	5	central.e	central.e	PROPN
iiclr-17591	1697	1	,	,	PUNCT
iiclr-17591	1697	2	supra	supra	PROPN
iiclr-17591	1697	3	note	note	NOUN
iiclr-17591	1697	4	113	113	NUM
iiclr-17591	1697	5	,	,	PUNCT
iiclr-17591	1697	6	at	at	ADP
iiclr-17591	1697	7	248	248	NUM
iiclr-17591	1697	8	-	-	SYM
iiclr-17591	1697	9	52	52	NUM
iiclr-17591	1697	10	and	and	CCONJ
iiclr-17591	1697	11	tables	table	NOUN
iiclr-17591	1697	12	nos	no	NOUN
iiclr-17591	1697	13	.	.	PROPN
iiclr-17591	1697	14	68	68	NUM
iiclr-17591	1697	15	to	to	PART
iiclr-17591	1697	16	72	72	NUM
iiclr-17591	1697	17	,	,	PUNCT
iiclr-17591	1697	18	shows	show	VERB
iiclr-17591	1697	19	a	a	DET
iiclr-17591	1697	20	not	not	PART
iiclr-17591	1697	21	very	very	ADV
iiclr-17591	1697	22	high	high	ADJ
iiclr-17591	1697	23	22.2	22.2	NUM
iiclr-17591	1697	24	%	%	NOUN
iiclr-17591	1697	25	of	of	ADP
iiclr-17591	1697	26	the	the	DET
iiclr-17591	1697	27	firms	firm	NOUN
iiclr-17591	1697	28	of	of	ADP
iiclr-17591	1697	29	the	the	DET
iiclr-17591	1697	30	sample	sample	NOUN
iiclr-17591	1697	31	ready	ready	ADJ
iiclr-17591	1697	32	to	to	PART
iiclr-17591	1697	33	accept	accept	VERB
iiclr-17591	1697	34	participative	participative	ADJ
iiclr-17591	1697	35	financing	financing	NOUN
iiclr-17591	1697	36	,	,	PUNCT
iiclr-17591	1697	37	21.3	21.3	NUM
iiclr-17591	1697	38	%	%	NOUN
iiclr-17591	1697	39	ready	ready	ADJ
iiclr-17591	1697	40	to	to	PART
iiclr-17591	1697	41	accept	accept	VERB
iiclr-17591	1697	42	equity	equity	NOUN
iiclr-17591	1697	43	financing	financing	NOUN
iiclr-17591	1697	44	,	,	PUNCT
iiclr-17591	1697	45	and	and	CCONJ
iiclr-17591	1697	46	a	a	DET
iiclr-17591	1697	47	mere	mere	ADJ
iiclr-17591	1697	48	9.0	9.0	NUM
iiclr-17591	1697	49	%	%	NOUN
iiclr-17591	1697	50	of	of	ADP
iiclr-17591	1697	51	firms	firm	NOUN
iiclr-17591	1697	52	deeming	deem	VERB
iiclr-17591	1697	53	external	external	ADJ
iiclr-17591	1697	54	equity	equity	NOUN
iiclr-17591	1697	55	financing	financing	NOUN
iiclr-17591	1697	56	particularly	particularly	ADV
iiclr-17591	1697	57	useful	useful	ADJ
iiclr-17591	1697	58	as	as	ADP
iiclr-17591	1697	59	a	a	DET
iiclr-17591	1697	60	development	development	NOUN
iiclr-17591	1697	61	tool	tool	NOUN
iiclr-17591	1697	62	.	.	PUNCT
iiclr-17591	1698	1	table	table	NOUN
iiclr-17591	1699	1	no	no	INTJ
iiclr-17591	1699	2	.	.	PROPN
iiclr-17591	1699	3	69	69	NUM
iiclr-17591	1699	4	shows	show	VERB
iiclr-17591	1699	5	what	what	PRON
iiclr-17591	1699	6	firms	firm	NOUN
iiclr-17591	1699	7	expect	expect	VERB
iiclr-17591	1699	8	from	from	ADP
iiclr-17591	1699	9	equity	equity	NOUN
iiclr-17591	1699	10	financing	financing	NOUN
iiclr-17591	1699	11	:	:	PUNCT
iiclr-17591	1699	12	enhanced	enhance	VERB
iiclr-17591	1699	13	financial	financial	ADJ
iiclr-17591	1699	14	soundness	soundness	NOUN
iiclr-17591	1699	15	,	,	PUNCT
iiclr-17591	1699	16	easier	easy	ADJ
iiclr-17591	1699	17	access	access	NOUN
iiclr-17591	1699	18	to	to	ADP
iiclr-17591	1699	19	bank	bank	NOUN
iiclr-17591	1699	20	financing	financing	NOUN
iiclr-17591	1699	21	and	and	CCONJ
iiclr-17591	1699	22	consulting	consulting	NOUN
iiclr-17591	1699	23	services	service	NOUN
iiclr-17591	1699	24	by	by	ADP
iiclr-17591	1699	25	the	the	DET
iiclr-17591	1699	26	entering	enter	VERB
iiclr-17591	1699	27	shareholder	shareholder	NOUN
iiclr-17591	1699	28	.	.	PUNCT
iiclr-17591	1700	1	a	a	DET
iiclr-17591	1700	2	previous	previous	ADJ
iiclr-17591	1700	3	unpublished	unpublished	ADJ
iiclr-17591	1700	4	draft	draft	NOUN
iiclr-17591	1700	5	of	of	ADP
iiclr-17591	1700	6	ministero	ministero	PROPN
iiclr-17591	1700	7	dell'industria	dell'industria	PROPN
iiclr-17591	1700	8	&	&	CCONJ
iiclr-17591	1700	9	mediocredito	mediocredito	PROPN
iiclr-17591	1700	10	centrale	centrale	PROPN
iiclr-17591	1700	11	,	,	PUNCT
iiclr-17591	1700	12	supra	supra	PROPN
iiclr-17591	1700	13	note	note	PROPN
iiclr-17591	1700	14	113	113	NUM
iiclr-17591	1700	15	(	(	PUNCT
iiclr-17591	1700	16	draft	draft	NOUN
iiclr-17591	1700	17	nov	nov	PROPN
iiclr-17591	1700	18	.	.	PROPN
iiclr-17591	1700	19	1993	1993	NUM
iiclr-17591	1700	20	)	)	PUNCT
iiclr-17591	1700	21	,	,	PUNCT
iiclr-17591	1700	22	contained	contain	VERB
iiclr-17591	1700	23	a	a	DET
iiclr-17591	1700	24	table	table	NOUN
iiclr-17591	1700	25	no	no	NOUN
iiclr-17591	1700	26	.	.	PROPN
iiclr-17591	1700	27	68	68	NUM
iiclr-17591	1700	28	,	,	PUNCT
iiclr-17591	1700	29	which	which	PRON
iiclr-17591	1700	30	does	do	AUX
iiclr-17591	1700	31	not	not	PART
iiclr-17591	1700	32	appear	appear	VERB
iiclr-17591	1700	33	in	in	ADP
iiclr-17591	1700	34	the	the	DET
iiclr-17591	1700	35	final	final	ADJ
iiclr-17591	1700	36	version	version	NOUN
iiclr-17591	1700	37	,	,	PUNCT
iiclr-17591	1700	38	eloquently	eloquently	ADV
iiclr-17591	1700	39	showing	show	VERB
iiclr-17591	1700	40	what	what	PRON
iiclr-17591	1700	41	firnsfear	firnsfear	ADV
iiclr-17591	1700	42	from	from	ADP
iiclr-17591	1700	43	equity	equity	NOUN
iiclr-17591	1700	44	financing	financing	NOUN
iiclr-17591	1700	45	coming	come	VERB
iiclr-17591	1700	46	from	from	ADP
iiclr-17591	1700	47	new	new	ADJ
iiclr-17591	1700	48	shareholders	shareholder	NOUN
iiclr-17591	1700	49	(	(	PUNCT
iiclr-17591	1700	50	mainly	mainly	ADV
iiclr-17591	1700	51	,	,	PUNCT
iiclr-17591	1700	52	loss	loss	NOUN
iiclr-17591	1700	53	of	of	ADP
iiclr-17591	1700	54	autonomy	autonomy	NOUN
iiclr-17591	1700	55	and	and	CCONJ
iiclr-17591	1700	56	managing	managing	NOUN
iiclr-17591	1700	57	problems	problem	NOUN
iiclr-17591	1700	58	)	)	PUNCT
iiclr-17591	1700	59	.	.	PUNCT
iiclr-17591	1701	1	for	for	ADP
iiclr-17591	1701	2	another	another	DET
iiclr-17591	1701	3	survey	survey	NOUN
iiclr-17591	1701	4	on	on	ADP
iiclr-17591	1701	5	the	the	DET
iiclr-17591	1701	6	motives	motive	NOUN
iiclr-17591	1701	7	that	that	PRON
iiclr-17591	1701	8	actually	actually	ADV
iiclr-17591	1701	9	induced	induce	VERB
iiclr-17591	1701	10	firms	firm	NOUN
iiclr-17591	1701	11	to	to	PART
iiclr-17591	1701	12	ask	ask	VERB
iiclr-17591	1701	13	for	for	ADP
iiclr-17591	1701	14	listing	list	VERB
iiclr-17591	1701	15	between	between	ADP
iiclr-17591	1701	16	1985	1985	NUM
iiclr-17591	1701	17	and	and	CCONJ
iiclr-17591	1701	18	1990	1990	NUM
iiclr-17591	1701	19	,	,	PUNCT
iiclr-17591	1701	20	and	and	CCONJ
iiclr-17591	1701	21	motives	motive	NOUN
iiclr-17591	1701	22	that	that	PRON
iiclr-17591	1701	23	may	may	AUX
iiclr-17591	1701	24	deter	deter	VERB
iiclr-17591	1701	25	firms	firm	NOUN
iiclr-17591	1701	26	from	from	ADP
iiclr-17591	1701	27	doing	do	VERB
iiclr-17591	1701	28	it	it	PRON
iiclr-17591	1701	29	,	,	PUNCT
iiclr-17591	1701	30	see	see	VERB
iiclr-17591	1701	31	evelina	evelina	PROPN
iiclr-17591	1701	32	marchesini	marchesini	PROPN
iiclr-17591	1701	33	,	,	PUNCT
iiclr-17591	1701	34	un	un	PROPN
iiclr-17591	1701	35	esercito	esercito	PROPN
iiclr-17591	1701	36	di	di	PROPN
iiclr-17591	1701	37	candidati	candidati	PROPN
iiclr-17591	1701	38	con	con	PROPN
iiclr-17591	1701	39	tutte	tutte	PROPN
iiclr-17591	1701	40	le	le	X
iiclr-17591	1701	41	carte	carte	PROPN
iiclr-17591	1701	42	in	in	ADP
iiclr-17591	1701	43	regola	regola	PROPN
iiclr-17591	1701	44	,	,	PUNCT
iiclr-17591	1701	45	in	in	ADP
iiclr-17591	1701	46	borsa	borsa	PROPN
iiclr-17591	1701	47	.	.	PUNCT
iiclr-17591	1702	1	guida	guida	PROPN
iiclr-17591	1702	2	alla	alla	PROPN
iiclr-17591	1702	3	quotazione	quotazione	PROPN
iiclr-17591	1702	4	,	,	PUNCT
iiclr-17591	1702	5	supp	supp	PROPN
iiclr-17591	1702	6	.	.	PUNCT
iiclr-17591	1703	1	to	to	ADP
iiclr-17591	1703	2	il	il	PROPN
iiclr-17591	1703	3	sole	sole	ADJ
iiclr-17591	1703	4	-24	-24	PUNCT
iiclr-17591	1703	5	ore	ore	NOUN
iiclr-17591	1703	6	,	,	PUNCT
iiclr-17591	1703	7	july	july	PROPN
iiclr-17591	1703	8	27	27	NUM
iiclr-17591	1703	9	,	,	PUNCT
iiclr-17591	1703	10	1994	1994	NUM
iiclr-17591	1703	11	,	,	PUNCT
iiclr-17591	1703	12	at	at	ADP
iiclr-17591	1703	13	5	5	NUM
iiclr-17591	1703	14	,	,	PUNCT
iiclr-17591	1703	15	and	and	CCONJ
iiclr-17591	1703	16	marco	marco	PROPN
iiclr-17591	1703	17	liera	liera	PROPN
iiclr-17591	1703	18	,	,	PUNCT
iiclr-17591	1703	19	troppi	troppi	PROPN
iiclr-17591	1703	20	controlli	controlli	PROPN
iiclr-17591	1704	1	e	e	PROPN
iiclr-17591	1704	2	soci	soci	PROPN
iiclr-17591	1704	3	curiosi	curiosi	NOUN
iiclr-17591	1704	4	spaventano	spaventano	PROPN
iiclr-17591	1704	5	gli	gli	PROPN
iiclr-17591	1704	6	imprenditori	imprenditori	PROPN
iiclr-17591	1704	7	,	,	PUNCT
iiclr-17591	1704	8	in	in	ADP
iiclr-17591	1704	9	borsa	borsa	PROPN
iiclr-17591	1704	10	.	.	PUNCT
iiclr-17591	1705	1	guida	guida	PROPN
iiclr-17591	1705	2	alla	alla	PROPN
iiclr-17591	1705	3	quotazione	quotazione	PROPN
iiclr-17591	1705	4	,	,	PUNCT
iiclr-17591	1705	5	supra	supra	NOUN
iiclr-17591	1705	6	,	,	PUNCT
iiclr-17591	1705	7	at	at	ADP
iiclr-17591	1705	8	7	7	NUM
iiclr-17591	1705	9	.	.	NUM
iiclr-17591	1705	10	202	202	NUM
iiclr-17591	1705	11	.	.	PUNCT
iiclr-17591	1706	1	jody	jody	PROPN
iiclr-17591	1706	2	vender	vender	PROPN
iiclr-17591	1706	3	,	,	PUNCT
iiclr-17591	1706	4	quoted	quote	VERB
iiclr-17591	1706	5	in	in	ADP
iiclr-17591	1706	6	giuliano	giuliano	PROPN
iiclr-17591	1706	7	boggiali	boggiali	PROPN
iiclr-17591	1706	8	&	&	CCONJ
iiclr-17591	1706	9	ettore	ettore	PROPN
iiclr-17591	1706	10	livini	livini	PROPN
iiclr-17591	1706	11	,	,	PUNCT
iiclr-17591	1706	12	la	la	PROPN
iiclr-17591	1706	13	borsa	borsa	PROPN
iiclr-17591	1706	14	dei	dei	PROPN
iiclr-17591	1706	15	piccoli	piccoli	PROPN
iiclr-17591	1706	16	parla	parla	PROPN
iiclr-17591	1706	17	europeo	europeo	PROPN
iiclr-17591	1706	18	,	,	PUNCT
iiclr-17591	1706	19	il	il	PROPN
iiclr-17591	1706	20	sole24	sole24	NOUN
iiclr-17591	1706	21	ore	ore	PROPN
iiclr-17591	1706	22	,	,	PUNCT
iiclr-17591	1706	23	nov	nov	PROPN
iiclr-17591	1706	24	.	.	PROPN
iiclr-17591	1706	25	15	15	NUM
iiclr-17591	1706	26	,	,	PUNCT
iiclr-17591	1706	27	1994	1994	NUM
iiclr-17591	1706	28	,	,	PUNCT
iiclr-17591	1706	29	at	at	ADP
iiclr-17591	1706	30	28	28	NUM
iiclr-17591	1706	31	.	.	PUNCT
iiclr-17591	1707	1	203	203	NUM
iiclr-17591	1707	2	.	.	PUNCT
iiclr-17591	1708	1	see	see	VERB
iiclr-17591	1708	2	gilson	gilson	PROPN
iiclr-17591	1708	3	&	&	CCONJ
iiclr-17591	1708	4	roe	roe	PROPN
iiclr-17591	1708	5	,	,	PUNCT
iiclr-17591	1708	6	supra	supra	PROPN
iiclr-17591	1708	7	note	note	PROPN
iiclr-17591	1708	8	179	179	NUM
iiclr-17591	1708	9	,	,	PUNCT
iiclr-17591	1708	10	at	at	ADP
iiclr-17591	1708	11	898	898	NUM
iiclr-17591	1708	12	.	.	PUNCT
iiclr-17591	1709	1	204	204	NUM
iiclr-17591	1709	2	.	.	PUNCT
iiclr-17591	1710	1	emanuele	emanuele	PROPN
iiclr-17591	1710	2	scarci	scarci	PROPN
iiclr-17591	1710	3	,	,	PUNCT
iiclr-17591	1710	4	dividendo	dividendo	PROPN
iiclr-17591	1710	5	limitato	limitato	PROPN
iiclr-17591	1710	6	/	/	SYM
iiclr-17591	1710	7	azionisti	azionisti	NOUN
iiclr-17591	1710	8	di	di	NOUN
iiclr-17591	1710	9	minoranza	minoranza	PROPN
iiclr-17591	1710	10	.	.	PUNCT
iiclr-17591	1711	1	mai	mai	PROPN
iiclr-17591	1711	2	pi4	pi4	PROPN
iiclr-17591	1711	3	parco	parco	PROPN
iiclr-17591	1711	4	buoi	buoi	PROPN
iiclr-17591	1711	5	,	,	PUNCT
iiclr-17591	1711	6	mondo	mondo	PROPN
iiclr-17591	1711	7	economico	economico	PROPN
iiclr-17591	1711	8	,	,	PUNCT
iiclr-17591	1711	9	aug	aug	PROPN
iiclr-17591	1711	10	.	.	PROPN
iiclr-17591	1711	11	6	6	NUM
iiclr-17591	1711	12	,	,	PUNCT
iiclr-17591	1711	13	1994	1994	NUM
iiclr-17591	1711	14	,	,	PUNCT
iiclr-17591	1711	15	at	at	ADP
iiclr-17591	1711	16	68	68	NUM
iiclr-17591	1711	17	.	.	PUNCT
iiclr-17591	1711	18	205	205	NUM
iiclr-17591	1711	19	.	.	PUNCT
iiclr-17591	1711	20	giangiacomo	giangiacomo	NOUN
iiclr-17591	1711	21	nardozzi	nardozzi	NOUN
iiclr-17591	1711	22	,	,	PUNCT
iiclr-17591	1711	23	nel	nel	PROPN
iiclr-17591	1711	24	capitalismo	capitalismo	PROPN
iiclr-17591	1711	25	made	make	VERB
iiclr-17591	1711	26	in	in	ADP
iiclr-17591	1711	27	italy	italy	PROPN
iiclr-17591	1712	1	i	i	PRON
iiclr-17591	1712	2	limiti	limiti	PROPN
iiclr-17591	1712	3	del	del	PROPN
iiclr-17591	1712	4	listino	listino	PROPN
iiclr-17591	1712	5	,	,	PUNCT
iiclr-17591	1712	6	il	il	PROPN
iiclr-17591	1712	7	sole24	sole24	NOUN
iiclr-17591	1712	8	ore	ore	PROPN
iiclr-17591	1712	9	,	,	PUNCT
iiclr-17591	1712	10	sept	sept	PROPN
iiclr-17591	1712	11	.	.	PROPN
iiclr-17591	1712	12	17	17	NUM
iiclr-17591	1712	13	,	,	PUNCT
iiclr-17591	1712	14	1991	1991	NUM
iiclr-17591	1712	15	,	,	PUNCT
iiclr-17591	1712	16	at	at	ADP
iiclr-17591	1712	17	21	21	NUM
iiclr-17591	1712	18	(	(	PUNCT
iiclr-17591	1712	19	stressing	stress	VERB
iiclr-17591	1712	20	that	that	SCONJ
iiclr-17591	1712	21	the	the	DET
iiclr-17591	1712	22	competition	competition	NOUN
iiclr-17591	1712	23	coming	come	VERB
iiclr-17591	1712	24	from	from	ADP
iiclr-17591	1712	25	public	public	ADJ
iiclr-17591	1712	26	bonds	bond	NOUN
iiclr-17591	1712	27	is	be	AUX
iiclr-17591	1712	28	a	a	DET
iiclr-17591	1712	29	relatively	relatively	ADV
iiclr-17591	1712	30	recent	recent	ADJ
iiclr-17591	1712	31	phenomenon	phenomenon	NOUN
iiclr-17591	1712	32	,	,	PUNCT
iiclr-17591	1712	33	while	while	SCONJ
iiclr-17591	1712	34	the	the	DET
iiclr-17591	1712	35	italian	italian	ADJ
iiclr-17591	1712	36	stock	stock	NOUN
iiclr-17591	1712	37	market	market	NOUN
iiclr-17591	1712	38	has	have	AUX
iiclr-17591	1712	39	always	always	ADV
iiclr-17591	1712	40	had	have	VERB
iiclr-17591	1712	41	a	a	DET
iiclr-17591	1712	42	limited	limited	ADJ
iiclr-17591	1712	43	size	size	NOUN
iiclr-17591	1712	44	)	)	PUNCT
iiclr-17591	1712	45	.	.	PUNCT
iiclr-17591	1713	1	1995	1995	NUM
iiclr-17591	1713	2	]	]	X
iiclr-17591	1713	3	ind	ind	NOUN
iiclr-17591	1713	4	.	.	PUNCT
iiclr-17591	1714	1	int'l	int'l	PROPN
iiclr-17591	1714	2	&	&	CCONJ
iiclr-17591	1714	3	comp	comp	PROPN
iiclr-17591	1714	4	.	.	PUNCT
iiclr-17591	1715	1	l	l	PROPN
iiclr-17591	1715	2	rev	rev	VERB
iiclr-17591	1715	3	.	.	PROPN
iiclr-17591	1715	4	likely	likely	ADJ
iiclr-17591	1715	5	to	to	PART
iiclr-17591	1715	6	have	have	AUX
iiclr-17591	1715	7	played	play	VERB
iiclr-17591	1715	8	some	some	DET
iiclr-17591	1715	9	role	role	NOUN
iiclr-17591	1715	10	.	.	PUNCT
iiclr-17591	1716	1	"	"	PUNCT
iiclr-17591	1716	2	"	"	PUNCT
iiclr-17591	1716	3	j.	j.	PROPN
iiclr-17591	1716	4	completing	complete	VERB
iiclr-17591	1716	5	the	the	DET
iiclr-17591	1716	6	view	view	NOUN
iiclr-17591	1716	7	.	.	PUNCT
iiclr-17591	1717	1	factors	factor	NOUN
iiclr-17591	1717	2	determining	determine	VERB
iiclr-17591	1717	3	the	the	DET
iiclr-17591	1717	4	ownership	ownership	NOUN
iiclr-17591	1717	5	structure	structure	NOUN
iiclr-17591	1717	6	as	as	ADP
iiclr-17591	1717	7	a	a	DET
iiclr-17591	1717	8	whole	whole	NOUN
iiclr-17591	1717	9	:	:	PUNCT
iiclr-17591	1717	10	long	long	ADJ
iiclr-17591	1717	11	-	-	PUNCT
iiclr-17591	1717	12	term	term	NOUN
iiclr-17591	1717	13	entrepreneurs	entrepreneur	NOUN
iiclr-17591	1717	14	and	and	CCONJ
iiclr-17591	1717	15	short	short	ADJ
iiclr-17591	1717	16	-	-	PUNCT
iiclr-17591	1717	17	term	term	NOUN
iiclr-17591	1717	18	companions	companion	NOUN
iiclr-17591	1717	19	.	.	PUNCT
iiclr-17591	1718	1	in	in	ADP
iiclr-17591	1718	2	the	the	DET
iiclr-17591	1718	3	preceding	precede	VERB
iiclr-17591	1718	4	paragraphs	paragraph	NOUN
iiclr-17591	1718	5	we	we	PRON
iiclr-17591	1718	6	have	have	AUX
iiclr-17591	1718	7	seen	see	VERB
iiclr-17591	1718	8	that	that	SCONJ
iiclr-17591	1718	9	italian	italian	ADJ
iiclr-17591	1718	10	unlisted	unlisted	ADJ
iiclr-17591	1718	11	companies	company	NOUN
iiclr-17591	1718	12	,	,	PUNCT
iiclr-17591	1718	13	apart	apart	ADV
iiclr-17591	1718	14	from	from	ADP
iiclr-17591	1718	15	very	very	ADV
iiclr-17591	1718	16	few	few	ADJ
iiclr-17591	1718	17	exceptions	exception	NOUN
iiclr-17591	1718	18	and	and	CCONJ
iiclr-17591	1718	19	from	from	ADP
iiclr-17591	1718	20	change	change	NOUN
iiclr-17591	1718	21	in	in	ADP
iiclr-17591	1718	22	alliances	alliance	NOUN
iiclr-17591	1718	23	,	,	PUNCT
iiclr-17591	1718	24	are	be	AUX
iiclr-17591	1718	25	closely	closely	ADV
iiclr-17591	1718	26	held	hold	VERB
iiclr-17591	1718	27	and	and	CCONJ
iiclr-17591	1718	28	do	do	AUX
iiclr-17591	1718	29	not	not	PART
iiclr-17591	1718	30	have	have	VERB
iiclr-17591	1718	31	well	well	ADV
iiclr-17591	1718	32	-	-	PUNCT
iiclr-17591	1718	33	defined	define	VERB
iiclr-17591	1718	34	majorities	majority	NOUN
iiclr-17591	1718	35	and	and	CCONJ
iiclr-17591	1718	36	minorities	minority	NOUN
iiclr-17591	1718	37	.	.	PUNCT
iiclr-17591	1719	1	we	we	PRON
iiclr-17591	1719	2	have	have	AUX
iiclr-17591	1719	3	next	next	ADV
iiclr-17591	1719	4	seen	see	VERB
iiclr-17591	1719	5	that	that	SCONJ
iiclr-17591	1719	6	listed	list	VERB
iiclr-17591	1719	7	companies	company	NOUN
iiclr-17591	1719	8	,	,	PUNCT
iiclr-17591	1719	9	although	although	SCONJ
iiclr-17591	1719	10	widely	widely	ADV
iiclr-17591	1719	11	held	hold	VERB
iiclr-17591	1719	12	,	,	PUNCT
iiclr-17591	1719	13	are	be	AUX
iiclr-17591	1719	14	usually	usually	ADV
iiclr-17591	1719	15	controlled	control	VERB
iiclr-17591	1719	16	by	by	ADP
iiclr-17591	1719	17	a	a	DET
iiclr-17591	1719	18	stable	stable	ADJ
iiclr-17591	1719	19	control	control	NOUN
iiclr-17591	1719	20	group	group	NOUN
iiclr-17591	1719	21	formed	form	VERB
iiclr-17591	1719	22	by	by	ADP
iiclr-17591	1719	23	interested	interested	ADJ
iiclr-17591	1719	24	owners	owner	NOUN
iiclr-17591	1719	25	,	,	PUNCT
iiclr-17591	1719	26	and	and	CCONJ
iiclr-17591	1719	27	we	we	PRON
iiclr-17591	1719	28	have	have	AUX
iiclr-17591	1719	29	examined	examine	VERB
iiclr-17591	1719	30	the	the	DET
iiclr-17591	1719	31	structure	structure	NOUN
iiclr-17591	1719	32	of	of	ADP
iiclr-17591	1719	33	such	such	ADJ
iiclr-17591	1719	34	control	control	NOUN
iiclr-17591	1719	35	groups	group	NOUN
iiclr-17591	1719	36	.	.	PUNCT
iiclr-17591	1720	1	we	we	PRON
iiclr-17591	1720	2	have	have	AUX
iiclr-17591	1720	3	then	then	ADV
iiclr-17591	1720	4	explored	explore	VERB
iiclr-17591	1720	5	the	the	DET
iiclr-17591	1720	6	causes	cause	NOUN
iiclr-17591	1720	7	of	of	ADP
iiclr-17591	1720	8	the	the	DET
iiclr-17591	1720	9	peculiar	peculiar	ADJ
iiclr-17591	1720	10	,	,	PUNCT
iiclr-17591	1720	11	concentrated	concentrated	ADJ
iiclr-17591	1720	12	ownership	ownership	NOUN
iiclr-17591	1720	13	of	of	ADP
iiclr-17591	1720	14	italian	italian	ADJ
iiclr-17591	1720	15	companies	company	NOUN
iiclr-17591	1720	16	.	.	PUNCT
iiclr-17591	1721	1	it	it	PRON
iiclr-17591	1721	2	is	be	AUX
iiclr-17591	1721	3	now	now	ADV
iiclr-17591	1721	4	time	time	NOUN
iiclr-17591	1721	5	to	to	PART
iiclr-17591	1721	6	complete	complete	VERB
iiclr-17591	1721	7	the	the	DET
iiclr-17591	1721	8	picture	picture	NOUN
iiclr-17591	1721	9	,	,	PUNCT
iiclr-17591	1721	10	examining	examine	VERB
iiclr-17591	1721	11	who	who	PRON
iiclr-17591	1721	12	the	the	DET
iiclr-17591	1721	13	remaining	remain	VERB
iiclr-17591	1721	14	,	,	PUNCT
iiclr-17591	1721	15	non	non	ADJ
iiclr-17591	1721	16	-	-	ADJ
iiclr-17591	1721	17	interested	interested	ADJ
iiclr-17591	1721	18	,	,	PUNCT
iiclr-17591	1721	19	owners	owner	NOUN
iiclr-17591	1721	20	are	be	AUX
iiclr-17591	1721	21	,	,	PUNCT
iiclr-17591	1721	22	and	and	CCONJ
iiclr-17591	1721	23	why	why	SCONJ
iiclr-17591	1721	24	they	they	PRON
iiclr-17591	1721	25	invest	invest	VERB
iiclr-17591	1721	26	their	their	PRON
iiclr-17591	1721	27	money	money	NOUN
iiclr-17591	1721	28	in	in	ADP
iiclr-17591	1721	29	the	the	DET
iiclr-17591	1721	30	firm	firm	NOUN
iiclr-17591	1721	31	.	.	PUNCT
iiclr-17591	1722	1	large	large	ADJ
iiclr-17591	1722	2	shareholders	shareholder	NOUN
iiclr-17591	1722	3	involved	involve	VERB
iiclr-17591	1722	4	in	in	ADP
iiclr-17591	1722	5	the	the	DET
iiclr-17591	1722	6	management	management	NOUN
iiclr-17591	1722	7	of	of	ADP
iiclr-17591	1722	8	the	the	DET
iiclr-17591	1722	9	company	company	NOUN
iiclr-17591	1722	10	have	have	VERB
iiclr-17591	1722	11	an	an	DET
iiclr-17591	1722	12	incentive	incentive	NOUN
iiclr-17591	1722	13	to	to	PART
iiclr-17591	1722	14	retain	retain	VERB
iiclr-17591	1722	15	earnings	earning	NOUN
iiclr-17591	1722	16	.	.	PUNCT
iiclr-17591	1723	1	on	on	ADP
iiclr-17591	1723	2	the	the	DET
iiclr-17591	1723	3	one	one	NUM
iiclr-17591	1723	4	hand	hand	NOUN
iiclr-17591	1723	5	,	,	PUNCT
iiclr-17591	1723	6	profit	profit	NOUN
iiclr-17591	1723	7	retention	retention	NOUN
iiclr-17591	1723	8	is	be	AUX
iiclr-17591	1723	9	instrumental	instrumental	ADJ
iiclr-17591	1723	10	to	to	ADP
iiclr-17591	1723	11	the	the	DET
iiclr-17591	1723	12	long	long	ADJ
iiclr-17591	1723	13	-	-	PUNCT
iiclr-17591	1723	14	term	term	NOUN
iiclr-17591	1723	15	view	view	NOUN
iiclr-17591	1723	16	controlling	control	VERB
iiclr-17591	1723	17	shareholders	shareholder	NOUN
iiclr-17591	1723	18	are	be	AUX
iiclr-17591	1723	19	naturally	naturally	ADV
iiclr-17591	1723	20	inclined	inclined	ADJ
iiclr-17591	1723	21	to	to	PART
iiclr-17591	1723	22	follow	follow	VERB
iiclr-17591	1723	23	.	.	PUNCT
iiclr-17591	1724	1	on	on	ADP
iiclr-17591	1724	2	the	the	DET
iiclr-17591	1724	3	other	other	ADJ
iiclr-17591	1724	4	hand	hand	NOUN
iiclr-17591	1724	5	,	,	PUNCT
iiclr-17591	1724	6	controlling	control	VERB
iiclr-17591	1724	7	shareholders	shareholder	NOUN
iiclr-17591	1724	8	are	be	AUX
iiclr-17591	1724	9	less	less	ADV
iiclr-17591	1724	10	likely	likely	ADJ
iiclr-17591	1724	11	to	to	PART
iiclr-17591	1724	12	be	be	AUX
iiclr-17591	1724	13	affected	affect	VERB
iiclr-17591	1724	14	by	by	ADP
iiclr-17591	1724	15	a	a	DET
iiclr-17591	1724	16	systematically	systematically	ADV
iiclr-17591	1724	17	low	low	ADJ
iiclr-17591	1724	18	stock	stock	NOUN
iiclr-17591	1724	19	yield	yield	NOUN
iiclr-17591	1724	20	,	,	PUNCT
iiclr-17591	1724	21	as	as	SCONJ
iiclr-17591	1724	22	they	they	PRON
iiclr-17591	1724	23	are	be	AUX
iiclr-17591	1724	24	able	able	ADJ
iiclr-17591	1724	25	to	to	PART
iiclr-17591	1724	26	be	be	AUX
iiclr-17591	1724	27	compensated	compensate	VERB
iiclr-17591	1724	28	through	through	ADP
iiclr-17591	1724	29	salaries	salary	NOUN
iiclr-17591	1724	30	,	,	PUNCT
iiclr-17591	1724	31	strategic	strategic	ADJ
iiclr-17591	1724	32	alliances	alliance	NOUN
iiclr-17591	1724	33	,	,	PUNCT
iiclr-17591	1724	34	acquired	acquire	VERB
iiclr-17591	1724	35	social	social	ADJ
iiclr-17591	1724	36	prestige	prestige	NOUN
iiclr-17591	1724	37	or	or	CCONJ
iiclr-17591	1724	38	other	other	ADJ
iiclr-17591	1724	39	means.2"7	means.2"7	NOUN
iiclr-17591	1724	40	not	not	PART
iiclr-17591	1724	41	only	only	ADV
iiclr-17591	1724	42	does	do	AUX
iiclr-17591	1724	43	the	the	DET
iiclr-17591	1724	44	italian	italian	ADJ
iiclr-17591	1724	45	legal	legal	ADJ
iiclr-17591	1724	46	system	system	NOUN
iiclr-17591	1724	47	not	not	PART
iiclr-17591	1724	48	discourage	discourage	VERB
iiclr-17591	1724	49	this	this	DET
iiclr-17591	1724	50	practice	practice	NOUN
iiclr-17591	1724	51	,	,	PUNCT
iiclr-17591	1724	52	but	but	CCONJ
iiclr-17591	1724	53	it	it	PRON
iiclr-17591	1724	54	actually	actually	ADV
iiclr-17591	1724	55	encourages	encourage	VERB
iiclr-17591	1724	56	it	it	PRON
iiclr-17591	1724	57	,	,	PUNCT
iiclr-17591	1724	58	at	at	ADP
iiclr-17591	1724	59	least	least	ADJ
iiclr-17591	1724	60	to	to	ADP
iiclr-17591	1724	61	some	some	DET
iiclr-17591	1724	62	extent	extent	NOUN
iiclr-17591	1724	63	.	.	PUNCT
iiclr-17591	1725	1	the	the	DET
iiclr-17591	1725	2	exceptionally	exceptionally	ADV
iiclr-17591	1725	3	heavy	heavy	ADJ
iiclr-17591	1725	4	taxation	taxation	NOUN
iiclr-17591	1725	5	of	of	ADP
iiclr-17591	1725	6	corporate	corporate	ADJ
iiclr-17591	1725	7	income	income	NOUN
iiclr-17591	1725	8	constitutes	constitute	VERB
iiclr-17591	1725	9	a	a	DET
iiclr-17591	1725	10	strong	strong	ADJ
iiclr-17591	1725	11	incentive	incentive	NOUN
iiclr-17591	1725	12	to	to	PART
iiclr-17591	1725	13	conceal	conceal	VERB
iiclr-17591	1725	14	earnings	earning	NOUN
iiclr-17591	1725	15	,	,	PUNCT
iiclr-17591	1725	16	and	and	CCONJ
iiclr-17591	1725	17	the	the	DET
iiclr-17591	1725	18	financial	financial	ADJ
iiclr-17591	1725	19	reporting	reporting	NOUN
iiclr-17591	1725	20	system	system	NOUN
iiclr-17591	1725	21	,	,	PUNCT
iiclr-17591	1725	22	although	although	SCONJ
iiclr-17591	1725	23	less	less	ADJ
iiclr-17591	1725	24	than	than	ADP
iiclr-17591	1725	25	before	before	ADV
iiclr-17591	1725	26	,	,	PUNCT
iiclr-17591	1725	27	renders	render	VERB
iiclr-17591	1725	28	some	some	DET
iiclr-17591	1725	29	underestimate	underestimate	NOUN
iiclr-17591	1725	30	of	of	ADP
iiclr-17591	1725	31	income	income	NOUN
iiclr-17591	1725	32	possible	possible	ADJ
iiclr-17591	1725	33	.	.	PUNCT
iiclr-17591	1726	1	08	08	NUM
iiclr-17591	1726	2	206	206	NUM
iiclr-17591	1726	3	.	.	PUNCT
iiclr-17591	1727	1	the	the	DET
iiclr-17591	1727	2	daily	daily	ADJ
iiclr-17591	1727	3	trading	trading	NOUN
iiclr-17591	1727	4	volume	volume	NOUN
iiclr-17591	1727	5	on	on	ADP
iiclr-17591	1727	6	the	the	DET
iiclr-17591	1727	7	mercato	mercato	PROPN
iiclr-17591	1727	8	telematico	telematico	NOUN
iiclr-17591	1727	9	secondario	secondario	NOUN
iiclr-17591	1727	10	dei	dei	PROPN
iiclr-17591	1727	11	titoli	titoli	X
iiclr-17591	1727	12	di	di	X
iiclr-17591	1727	13	stato	stato	PROPN
iiclr-17591	1727	14	[	[	X
iiclr-17591	1727	15	governmental	governmental	ADJ
iiclr-17591	1727	16	bond	bond	NOUN
iiclr-17591	1727	17	automated	automate	VERB
iiclr-17591	1727	18	exchange	exchange	NOUN
iiclr-17591	1727	19	]	]	PUNCT
iiclr-17591	1727	20	reached	reach	VERB
iiclr-17591	1727	21	30	30	NUM
iiclr-17591	1727	22	trillion	trillion	NUM
iiclr-17591	1727	23	liras	lira	NOUN
iiclr-17591	1727	24	in	in	ADP
iiclr-17591	1727	25	february	february	PROPN
iiclr-17591	1727	26	1995	1995	NUM
iiclr-17591	1727	27	,	,	PUNCT
iiclr-17591	1727	28	while	while	SCONJ
iiclr-17591	1727	29	at	at	ADP
iiclr-17591	1727	30	the	the	DET
iiclr-17591	1727	31	same	same	ADJ
iiclr-17591	1727	32	time	time	NOUN
iiclr-17591	1727	33	the	the	DET
iiclr-17591	1727	34	daily	daily	ADJ
iiclr-17591	1727	35	trading	trading	NOUN
iiclr-17591	1727	36	volume	volume	NOUN
iiclr-17591	1727	37	on	on	ADP
iiclr-17591	1727	38	the	the	DET
iiclr-17591	1727	39	italian	italian	ADJ
iiclr-17591	1727	40	stock	stock	NOUN
iiclr-17591	1727	41	exchange	exchange	NOUN
iiclr-17591	1727	42	did	do	AUX
iiclr-17591	1727	43	not	not	PART
iiclr-17591	1727	44	pass	pass	VERB
iiclr-17591	1727	45	one	one	NUM
iiclr-17591	1727	46	trillion	trillion	NUM
iiclr-17591	1727	47	liras	lira	NOUN
iiclr-17591	1727	48	,	,	PUNCT
iiclr-17591	1727	49	and	and	CCONJ
iiclr-17591	1727	50	its	its	PRON
iiclr-17591	1727	51	all	all	DET
iiclr-17591	1727	52	-	-	PUNCT
iiclr-17591	1727	53	time	time	NOUN
iiclr-17591	1727	54	record	record	NOUN
iiclr-17591	1727	55	is	be	AUX
iiclr-17591	1727	56	around	around	ADV
iiclr-17591	1727	57	two	two	NUM
iiclr-17591	1727	58	trillion	trillion	NUM
iiclr-17591	1727	59	.	.	PUNCT
iiclr-17591	1727	60	207	207	NUM
iiclr-17591	1727	61	.	.	PUNCT
iiclr-17591	1728	1	as	as	SCONJ
iiclr-17591	1728	2	preemptive	preemptive	ADJ
iiclr-17591	1728	3	rights	right	NOUN
iiclr-17591	1728	4	can	can	AUX
iiclr-17591	1728	5	be	be	AUX
iiclr-17591	1728	6	waived	waive	VERB
iiclr-17591	1728	7	only	only	ADV
iiclr-17591	1728	8	in	in	ADP
iiclr-17591	1728	9	specific	specific	ADJ
iiclr-17591	1728	10	cases	case	NOUN
iiclr-17591	1728	11	and	and	CCONJ
iiclr-17591	1728	12	following	follow	VERB
iiclr-17591	1728	13	a	a	DET
iiclr-17591	1728	14	reinforced	reinforce	VERB
iiclr-17591	1728	15	majority	majority	NOUN
iiclr-17591	1728	16	vote	vote	NOUN
iiclr-17591	1728	17	of	of	ADP
iiclr-17591	1728	18	shareholders	shareholder	NOUN
iiclr-17591	1728	19	(	(	PUNCT
iiclr-17591	1728	20	see	see	VERB
iiclr-17591	1728	21	supra	supra	PROPN
iiclr-17591	1728	22	note	note	PROPN
iiclr-17591	1728	23	40	40	NUM
iiclr-17591	1728	24	)	)	PUNCT
iiclr-17591	1728	25	,	,	PUNCT
iiclr-17591	1728	26	stock	stock	NOUN
iiclr-17591	1728	27	options	option	NOUN
iiclr-17591	1728	28	as	as	ADP
iiclr-17591	1728	29	an	an	DET
iiclr-17591	1728	30	incentive	incentive	NOUN
iiclr-17591	1728	31	for	for	ADP
iiclr-17591	1728	32	directors	director	NOUN
iiclr-17591	1728	33	are	be	AUX
iiclr-17591	1728	34	quite	quite	ADV
iiclr-17591	1728	35	difficult	difficult	ADJ
iiclr-17591	1728	36	to	to	PART
iiclr-17591	1728	37	implement	implement	VERB
iiclr-17591	1728	38	once	once	SCONJ
iiclr-17591	1728	39	the	the	DET
iiclr-17591	1728	40	company	company	NOUN
iiclr-17591	1728	41	has	have	AUX
iiclr-17591	1728	42	gone	go	VERB
iiclr-17591	1728	43	public	public	ADJ
iiclr-17591	1728	44	.	.	PUNCT
iiclr-17591	1729	1	the	the	DET
iiclr-17591	1729	2	closest	close	ADJ
iiclr-17591	1729	3	substitutes	substitute	NOUN
iiclr-17591	1729	4	are	be	AUX
iiclr-17591	1729	5	longterm	longterm	ADJ
iiclr-17591	1729	6	warrants	warrant	NOUN
iiclr-17591	1729	7	that	that	PRON
iiclr-17591	1729	8	directors	director	NOUN
iiclr-17591	1729	9	receive	receive	VERB
iiclr-17591	1729	10	in	in	ADP
iiclr-17591	1729	11	their	their	PRON
iiclr-17591	1729	12	quality	quality	NOUN
iiclr-17591	1729	13	as	as	ADP
iiclr-17591	1729	14	shareholders	shareholder	NOUN
iiclr-17591	1729	15	(	(	PUNCT
iiclr-17591	1729	16	i.e.	i.e.	X
iiclr-17591	1729	17	,	,	PUNCT
iiclr-17591	1729	18	in	in	ADP
iiclr-17591	1729	19	proportion	proportion	NOUN
iiclr-17591	1729	20	to	to	ADP
iiclr-17591	1729	21	their	their	PRON
iiclr-17591	1729	22	ownership	ownership	NOUN
iiclr-17591	1729	23	)	)	PUNCT
iiclr-17591	1729	24	.	.	PUNCT
iiclr-17591	1730	1	when	when	SCONJ
iiclr-17591	1730	2	the	the	DET
iiclr-17591	1730	3	company	company	NOUN
iiclr-17591	1730	4	is	be	AUX
iiclr-17591	1730	5	privately	privately	ADV
iiclr-17591	1730	6	owned	own	VERB
iiclr-17591	1730	7	,	,	PUNCT
iiclr-17591	1730	8	shareholders	shareholder	NOUN
iiclr-17591	1730	9	are	be	AUX
iiclr-17591	1730	10	able	able	ADJ
iiclr-17591	1730	11	to	to	PART
iiclr-17591	1730	12	profit	profit	VERB
iiclr-17591	1730	13	not	not	PART
iiclr-17591	1730	14	only	only	ADV
iiclr-17591	1730	15	from	from	ADP
iiclr-17591	1730	16	salaries	salary	NOUN
iiclr-17591	1730	17	that	that	SCONJ
iiclr-17591	1730	18	zero	zero	NUM
iiclr-17591	1730	19	-	-	PUNCT
iiclr-17591	1730	20	out	out	ADP
iiclr-17591	1730	21	reported	reported	ADJ
iiclr-17591	1730	22	income	income	NOUN
iiclr-17591	1730	23	,	,	PUNCT
iiclr-17591	1730	24	but	but	CCONJ
iiclr-17591	1730	25	also	also	ADV
iiclr-17591	1730	26	by	by	ADP
iiclr-17591	1730	27	shifting	shift	VERB
iiclr-17591	1730	28	a	a	DET
iiclr-17591	1730	29	part	part	NOUN
iiclr-17591	1730	30	of	of	ADP
iiclr-17591	1730	31	personal	personal	ADJ
iiclr-17591	1730	32	expenses	expense	NOUN
iiclr-17591	1730	33	on	on	ADP
iiclr-17591	1730	34	to	to	ADP
iiclr-17591	1730	35	the	the	DET
iiclr-17591	1730	36	firm	firm	NOUN
iiclr-17591	1730	37	:	:	PUNCT
iiclr-17591	1730	38	see	see	VERB
iiclr-17591	1730	39	claudio	claudio	PROPN
iiclr-17591	1730	40	dematt	dematt	NOUN
iiclr-17591	1730	41	,	,	PUNCT
iiclr-17591	1730	42	ii	ii	PROPN
iiclr-17591	1730	43	fisco	fisco	PROPN
iiclr-17591	1730	44	spiazza	spiazza	PROPN
iiclr-17591	1730	45	l'erede	l'erede	PROPN
iiclr-17591	1730	46	in	in	ADP
iiclr-17591	1730	47	azienda	azienda	PROPN
iiclr-17591	1730	48	,	,	PUNCT
iiclr-17591	1730	49	il	il	PROPN
iiclr-17591	1730	50	sole	sole	ADJ
iiclr-17591	1730	51	24	24	NUM
iiclr-17591	1730	52	ore	ore	NOUN
iiclr-17591	1730	53	,	,	PUNCT
iiclr-17591	1730	54	feb	feb	PROPN
iiclr-17591	1730	55	.	.	PROPN
iiclr-17591	1730	56	9	9	NUM
iiclr-17591	1730	57	,	,	PUNCT
iiclr-17591	1730	58	1995	1995	NUM
iiclr-17591	1730	59	,	,	PUNCT
iiclr-17591	1730	60	at	at	ADP
iiclr-17591	1730	61	13	13	NUM
iiclr-17591	1730	62	(	(	PUNCT
iiclr-17591	1730	63	pointing	point	VERB
iiclr-17591	1730	64	at	at	ADP
iiclr-17591	1730	65	the	the	DET
iiclr-17591	1730	66	perverse	perverse	ADJ
iiclr-17591	1730	67	effects	effect	NOUN
iiclr-17591	1730	68	of	of	ADP
iiclr-17591	1730	69	taxation	taxation	NOUN
iiclr-17591	1730	70	on	on	ADP
iiclr-17591	1730	71	both	both	CCONJ
iiclr-17591	1730	72	the	the	DET
iiclr-17591	1730	73	capital	capital	NOUN
iiclr-17591	1730	74	structure	structure	NOUN
iiclr-17591	1730	75	and	and	CCONJ
iiclr-17591	1730	76	the	the	DET
iiclr-17591	1730	77	ease	ease	NOUN
iiclr-17591	1730	78	of	of	ADP
iiclr-17591	1730	79	the	the	DET
iiclr-17591	1730	80	succession	succession	NOUN
iiclr-17591	1730	81	process	process	NOUN
iiclr-17591	1730	82	in	in	ADP
iiclr-17591	1730	83	family	family	NOUN
iiclr-17591	1730	84	-	-	PUNCT
iiclr-17591	1730	85	owned	own	VERB
iiclr-17591	1730	86	firms	firm	NOUN
iiclr-17591	1730	87	)	)	PUNCT
iiclr-17591	1730	88	.	.	PUNCT
iiclr-17591	1731	1	208	208	NUM
iiclr-17591	1731	2	.	.	PUNCT
iiclr-17591	1732	1	the	the	DET
iiclr-17591	1732	2	transparency	transparency	NOUN
iiclr-17591	1732	3	of	of	ADP
iiclr-17591	1732	4	reported	report	VERB
iiclr-17591	1732	5	earnings	earning	NOUN
iiclr-17591	1732	6	was	be	AUX
iiclr-17591	1732	7	significantly	significantly	ADV
iiclr-17591	1732	8	improved	improve	VERB
iiclr-17591	1732	9	by	by	ADP
iiclr-17591	1732	10	the	the	DET
iiclr-17591	1732	11	reform	reform	NOUN
iiclr-17591	1732	12	carried	carry	VERB
iiclr-17591	1732	13	out	out	ADP
iiclr-17591	1732	14	by	by	ADP
iiclr-17591	1732	15	legislative	legislative	ADJ
iiclr-17591	1732	16	decree	decree	NOUN
iiclr-17591	1732	17	of	of	ADP
iiclr-17591	1732	18	apr	apr	PROPN
iiclr-17591	1732	19	.	.	PROPN
iiclr-17591	1732	20	9	9	NUM
iiclr-17591	1732	21	,	,	PUNCT
iiclr-17591	1732	22	1991	1991	NUM
iiclr-17591	1732	23	,	,	PUNCT
iiclr-17591	1732	24	no	no	INTJ
iiclr-17591	1732	25	.	.	NOUN
iiclr-17591	1732	26	127	127	NUM
iiclr-17591	1732	27	,	,	PUNCT
iiclr-17591	1732	28	which	which	PRON
iiclr-17591	1732	29	implemented	implement	VERB
iiclr-17591	1732	30	the	the	DET
iiclr-17591	1732	31	fourth	fourth	ADJ
iiclr-17591	1732	32	and	and	CCONJ
iiclr-17591	1732	33	seventh	seventh	ADJ
iiclr-17591	1732	34	european	european	ADJ
iiclr-17591	1732	35	directives	directive	NOUN
iiclr-17591	1732	36	on	on	ADP
iiclr-17591	1732	37	the	the	DET
iiclr-17591	1732	38	subject	subject	NOUN
iiclr-17591	1732	39	.	.	PUNCT
iiclr-17591	1733	1	the	the	DET
iiclr-17591	1733	2	reform	reform	NOUN
iiclr-17591	1733	3	has	have	AUX
iiclr-17591	1733	4	on	on	ADP
iiclr-17591	1733	5	the	the	DET
iiclr-17591	1733	6	one	one	NUM
iiclr-17591	1733	7	hand	hand	NOUN
iiclr-17591	1733	8	solved	solve	VERB
iiclr-17591	1733	9	some	some	DET
iiclr-17591	1733	10	issues	issue	NOUN
iiclr-17591	1733	11	over	over	ADP
iiclr-17591	1733	12	which	which	PRON
iiclr-17591	1733	13	there	there	PRON
iiclr-17591	1733	14	has	have	AUX
iiclr-17591	1733	15	been	be	AUX
iiclr-17591	1733	16	tension	tension	NOUN
iiclr-17591	1733	17	among	among	ADP
iiclr-17591	1733	18	shareholders	shareholder	NOUN
iiclr-17591	1733	19	(	(	PUNCT
iiclr-17591	1733	20	see	see	VERB
iiclr-17591	1733	21	,	,	PUNCT
iiclr-17591	1733	22	e.g.	e.g.	ADV
iiclr-17591	1733	23	,	,	PUNCT
iiclr-17591	1733	24	judgment	judgment	NOUN
iiclr-17591	1733	25	of	of	ADP
iiclr-17591	1733	26	feb	feb	PROPN
iiclr-17591	1733	27	.	.	PROPN
iiclr-17591	1733	28	27	27	NUM
iiclr-17591	1733	29	,	,	PUNCT
iiclr-17591	1733	30	1985	1985	NUM
iiclr-17591	1733	31	,	,	PUNCT
iiclr-17591	1733	32	no	no	INTJ
iiclr-17591	1733	33	.	.	NOUN
iiclr-17591	1733	34	1699	1699	NUM
iiclr-17591	1733	35	,	,	PUNCT
iiclr-17591	1733	36	cass	cass	PROPN
iiclr-17591	1733	37	.	.	PUNCT
iiclr-17591	1733	38	civ	civ	PROPN
iiclr-17591	1733	39	.	.	PROPN
iiclr-17591	1733	40	,	,	PUNCT
iiclr-17591	1733	41	1985	1985	NUM
iiclr-17591	1733	42	le	le	X
iiclr-17591	1733	43	societa	societa	PROPN
iiclr-17591	1733	44	'	'	PART
iiclr-17591	1733	45	,	,	PUNCT
iiclr-17591	1733	46	870	870	NUM
iiclr-17591	1733	47	:	:	PUNCT
iiclr-17591	1733	48	lifo	lifo	NOUN
iiclr-17591	1733	49	does	do	AUX
iiclr-17591	1733	50	not	not	PART
iiclr-17591	1733	51	constitute	constitute	VERB
iiclr-17591	1733	52	an	an	DET
iiclr-17591	1733	53	underestimate	underestimate	NOUN
iiclr-17591	1733	54	of	of	ADP
iiclr-17591	1733	55	income	income	NOUN
iiclr-17591	1733	56	;	;	PUNCT
iiclr-17591	1733	57	[	[	X
iiclr-17591	1733	58	vol	vol	NOUN
iiclr-17591	1733	59	.	.	PUNCT
iiclr-17591	1734	1	6:1i	6:1i	NUM
iiclr-17591	1734	2	corporate	corporate	ADJ
iiclr-17591	1734	3	governance	governance	NOUN
iiclr-17591	1734	4	in	in	ADP
iiclr-17591	1734	5	italy	italy	PROPN
iiclr-17591	1734	6	profit	profit	NOUN
iiclr-17591	1734	7	retention	retention	NOUN
iiclr-17591	1734	8	produces	produce	VERB
iiclr-17591	1734	9	an	an	DET
iiclr-17591	1734	10	immediate	immediate	ADJ
iiclr-17591	1734	11	selection	selection	NOUN
iiclr-17591	1734	12	among	among	ADP
iiclr-17591	1734	13	investors	investor	NOUN
iiclr-17591	1734	14	.	.	PUNCT
iiclr-17591	1735	1	the	the	DET
iiclr-17591	1735	2	ability	ability	NOUN
iiclr-17591	1735	3	of	of	ADP
iiclr-17591	1735	4	shareholders	shareholder	NOUN
iiclr-17591	1735	5	other	other	ADJ
iiclr-17591	1735	6	than	than	ADP
iiclr-17591	1735	7	those	those	PRON
iiclr-17591	1735	8	interested	interested	ADJ
iiclr-17591	1735	9	in	in	ADP
iiclr-17591	1735	10	the	the	DET
iiclr-17591	1735	11	management	management	NOUN
iiclr-17591	1735	12	to	to	PART
iiclr-17591	1735	13	cash	cash	VERB
iiclr-17591	1735	14	in	in	ADP
iiclr-17591	1735	15	retained	retain	VERB
iiclr-17591	1735	16	earnings	earning	NOUN
iiclr-17591	1735	17	is	be	AUX
iiclr-17591	1735	18	limited	limit	VERB
iiclr-17591	1735	19	to	to	ADP
iiclr-17591	1735	20	capital	capital	NOUN
iiclr-17591	1735	21	gains.2	gains.2	PROPN
iiclr-17591	1735	22	9	9	NUM
iiclr-17591	1735	23	not	not	PART
iiclr-17591	1735	24	every	every	DET
iiclr-17591	1735	25	investor	investor	NOUN
iiclr-17591	1735	26	,	,	PUNCT
iiclr-17591	1735	27	however	however	ADV
iiclr-17591	1735	28	,	,	PUNCT
iiclr-17591	1735	29	can	can	AUX
iiclr-17591	1735	30	focus	focus	VERB
iiclr-17591	1735	31	its	its	PRON
iiclr-17591	1735	32	strategy	strategy	NOUN
iiclr-17591	1735	33	on	on	ADP
iiclr-17591	1735	34	capital	capital	NOUN
iiclr-17591	1735	35	gains	gain	NOUN
iiclr-17591	1735	36	.	.	PUNCT
iiclr-17591	1736	1	on	on	ADP
iiclr-17591	1736	2	the	the	DET
iiclr-17591	1736	3	one	one	NUM
iiclr-17591	1736	4	hand	hand	NOUN
iiclr-17591	1736	5	,	,	PUNCT
iiclr-17591	1736	6	the	the	DET
iiclr-17591	1736	7	need	need	NOUN
iiclr-17591	1736	8	for	for	ADP
iiclr-17591	1736	9	liquidity	liquidity	NOUN
iiclr-17591	1736	10	resulting	result	VERB
iiclr-17591	1736	11	from	from	ADP
iiclr-17591	1736	12	a	a	DET
iiclr-17591	1736	13	capital	capital	NOUN
iiclr-17591	1736	14	gain	gain	NOUN
iiclr-17591	1736	15	strategy	strategy	NOUN
iiclr-17591	1736	16	obviously	obviously	ADV
iiclr-17591	1736	17	discourages	discourage	VERB
iiclr-17591	1736	18	investors	investor	NOUN
iiclr-17591	1736	19	who	who	PRON
iiclr-17591	1736	20	follow	follow	VERB
iiclr-17591	1736	21	it	it	PRON
iiclr-17591	1736	22	from	from	ADP
iiclr-17591	1736	23	buying	buy	VERB
iiclr-17591	1736	24	large	large	ADJ
iiclr-17591	1736	25	stakes	stake	NOUN
iiclr-17591	1736	26	and	and	CCONJ
iiclr-17591	1736	27	becoming	become	VERB
iiclr-17591	1736	28	actively	actively	ADV
iiclr-17591	1736	29	involved	involve	VERB
iiclr-17591	1736	30	,	,	PUNCT
iiclr-17591	1736	31	"	"	PUNCT
iiclr-17591	1736	32	'	'	PUNCT
iiclr-17591	1736	33	while	while	SCONJ
iiclr-17591	1736	34	,	,	PUNCT
iiclr-17591	1736	35	on	on	ADP
iiclr-17591	1736	36	the	the	DET
iiclr-17591	1736	37	other	other	ADJ
iiclr-17591	1736	38	hand	hand	NOUN
iiclr-17591	1736	39	,	,	PUNCT
iiclr-17591	1736	40	the	the	DET
iiclr-17591	1736	41	taxation	taxation	NOUN
iiclr-17591	1736	42	of	of	ADP
iiclr-17591	1736	43	capital	capital	NOUN
iiclr-17591	1736	44	gains	gain	NOUN
iiclr-17591	1736	45	is	be	AUX
iiclr-17591	1736	46	more	more	ADV
iiclr-17591	1736	47	favorable	favorable	ADJ
iiclr-17591	1736	48	for	for	ADP
iiclr-17591	1736	49	investors	investor	NOUN
iiclr-17591	1736	50	who	who	PRON
iiclr-17591	1736	51	sell	sell	VERB
iiclr-17591	1736	52	small	small	ADJ
iiclr-17591	1736	53	stakes21	stakes21	NOUN
iiclr-17591	1736	54	the	the	DET
iiclr-17591	1736	55	tax	tax	NOUN
iiclr-17591	1736	56	regime	regime	NOUN
iiclr-17591	1736	57	of	of	ADP
iiclr-17591	1736	58	equity	equity	NOUN
iiclr-17591	1736	59	investment	investment	NOUN
iiclr-17591	1736	60	,	,	PUNCT
iiclr-17591	1736	61	coupled	couple	VERB
iiclr-17591	1736	62	with	with	ADP
iiclr-17591	1736	63	the	the	DET
iiclr-17591	1736	64	presence	presence	NOUN
iiclr-17591	1736	65	of	of	ADP
iiclr-17591	1736	66	large	large	ADJ
iiclr-17591	1736	67	shareholders	shareholder	NOUN
iiclr-17591	1736	68	,	,	PUNCT
iiclr-17591	1736	69	not	not	PART
iiclr-17591	1736	70	only	only	ADV
iiclr-17591	1736	71	influences	influence	VERB
iiclr-17591	1736	72	the	the	DET
iiclr-17591	1736	73	relative	relative	ADJ
iiclr-17591	1736	74	proportion	proportion	NOUN
iiclr-17591	1736	75	of	of	ADP
iiclr-17591	1736	76	debt	debt	NOUN
iiclr-17591	1736	77	and	and	CCONJ
iiclr-17591	1736	78	equity	equity	NOUN
iiclr-17591	1736	79	,	,	PUNCT
iiclr-17591	1736	80	but	but	CCONJ
iiclr-17591	1736	81	also	also	ADV
iiclr-17591	1736	82	influences	influence	VERB
iiclr-17591	1736	83	how	how	SCONJ
iiclr-17591	1736	84	equity	equity	NOUN
iiclr-17591	1736	85	is	be	AUX
iiclr-17591	1736	86	subdivided	subdivide	VERB
iiclr-17591	1736	87	.	.	PUNCT
iiclr-17591	1737	1	in	in	ADP
iiclr-17591	1737	2	other	other	ADJ
iiclr-17591	1737	3	words	word	NOUN
iiclr-17591	1737	4	,	,	PUNCT
iiclr-17591	1737	5	it	it	PRON
iiclr-17591	1737	6	shapes	shape	VERB
iiclr-17591	1737	7	the	the	DET
iiclr-17591	1737	8	total	total	ADJ
iiclr-17591	1737	9	ownership	ownership	NOUN
iiclr-17591	1737	10	structure	structure	NOUN
iiclr-17591	1737	11	of	of	ADP
iiclr-17591	1737	12	the	the	DET
iiclr-17591	1737	13	firm	firm	NOUN
iiclr-17591	1737	14	.	.	PUNCT
iiclr-17591	1738	1	multiple	multiple	ADJ
iiclr-17591	1738	2	factors	factor	NOUN
iiclr-17591	1738	3	combine	combine	VERB
iiclr-17591	1738	4	to	to	PART
iiclr-17591	1738	5	make	make	VERB
iiclr-17591	1738	6	shareholders	shareholder	NOUN
iiclr-17591	1738	7	of	of	ADP
iiclr-17591	1738	8	italian	italian	ADJ
iiclr-17591	1738	9	companies	company	NOUN
iiclr-17591	1738	10	cluster	cluster	VERB
iiclr-17591	1738	11	at	at	ADP
iiclr-17591	1738	12	two	two	NUM
iiclr-17591	1738	13	extremes	extreme	NOUN
iiclr-17591	1738	14	:	:	PUNCT
iiclr-17591	1738	15	either	either	CCONJ
iiclr-17591	1738	16	controlling	control	VERB
iiclr-17591	1738	17	,	,	PUNCT
iiclr-17591	1738	18	interested	interested	ADJ
iiclr-17591	1738	19	entrepreneurs	entrepreneur	NOUN
iiclr-17591	1738	20	or	or	CCONJ
iiclr-17591	1738	21	small	small	ADJ
iiclr-17591	1738	22	,	,	PUNCT
iiclr-17591	1738	23	disinterested	disinterested	ADJ
iiclr-17591	1738	24	investors	investor	NOUN
iiclr-17591	1738	25	.	.	PUNCT
iiclr-17591	1739	1	shareholders	shareholder	NOUN
iiclr-17591	1739	2	'	'	PART
iiclr-17591	1739	3	agreements	agreement	NOUN
iiclr-17591	1739	4	fit	fit	VERB
iiclr-17591	1739	5	the	the	DET
iiclr-17591	1739	6	picture	picture	NOUN
iiclr-17591	1739	7	as	as	ADP
iiclr-17591	1739	8	compromises	compromise	NOUN
iiclr-17591	1739	9	between	between	ADP
iiclr-17591	1739	10	the	the	DET
iiclr-17591	1739	11	difficulty	difficulty	NOUN
iiclr-17591	1739	12	of	of	ADP
iiclr-17591	1739	13	dominant	dominant	ADJ
iiclr-17591	1739	14	shareholders	shareholder	NOUN
iiclr-17591	1739	15	in	in	ADP
iiclr-17591	1739	16	retaining	retain	VERB
iiclr-17591	1739	17	control	control	NOUN
iiclr-17591	1739	18	and	and	CCONJ
iiclr-17591	1739	19	their	their	PRON
iiclr-17591	1739	20	reluctance	reluctance	NOUN
iiclr-17591	1739	21	to	to	PART
iiclr-17591	1739	22	lose	lose	VERB
iiclr-17591	1739	23	it	it	PRON
iiclr-17591	1739	24	.	.	PUNCT
iiclr-17591	1740	1	(	(	PUNCT
iiclr-17591	1740	2	it	it	PRON
iiclr-17591	1740	3	is	be	AUX
iiclr-17591	1740	4	my	my	PRON
iiclr-17591	1740	5	opinion	opinion	NOUN
iiclr-17591	1740	6	,	,	PUNCT
iiclr-17591	1740	7	however	however	ADV
iiclr-17591	1740	8	,	,	PUNCT
iiclr-17591	1740	9	that	that	SCONJ
iiclr-17591	1740	10	shareholders	shareholder	NOUN
iiclr-17591	1740	11	'	'	PART
iiclr-17591	1740	12	agreements	agreement	NOUN
iiclr-17591	1740	13	the	the	DET
iiclr-17591	1740	14	law	law	NOUN
iiclr-17591	1740	15	now	now	ADV
iiclr-17591	1740	16	expressly	expressly	ADV
iiclr-17591	1740	17	allows	allow	VERB
iiclr-17591	1740	18	it	it	PRON
iiclr-17591	1740	19	when	when	SCONJ
iiclr-17591	1740	20	adopted	adopt	VERB
iiclr-17591	1740	21	on	on	ADP
iiclr-17591	1740	22	a	a	DET
iiclr-17591	1740	23	consistent	consistent	ADJ
iiclr-17591	1740	24	basis	basis	NOUN
iiclr-17591	1740	25	)	)	PUNCT
iiclr-17591	1740	26	.	.	PUNCT
iiclr-17591	1741	1	on	on	ADP
iiclr-17591	1741	2	the	the	DET
iiclr-17591	1741	3	other	other	ADJ
iiclr-17591	1741	4	hand	hand	NOUN
iiclr-17591	1741	5	the	the	DET
iiclr-17591	1741	6	reform	reform	NOUN
iiclr-17591	1741	7	explicitly	explicitly	ADV
iiclr-17591	1741	8	prohibits	prohibit	VERB
iiclr-17591	1741	9	outright	outright	ADJ
iiclr-17591	1741	10	underestimates	underestimate	NOUN
iiclr-17591	1741	11	of	of	ADP
iiclr-17591	1741	12	income	income	NOUN
iiclr-17591	1741	13	(	(	PUNCT
iiclr-17591	1741	14	see	see	VERB
iiclr-17591	1741	15	for	for	ADP
iiclr-17591	1741	16	instance	instance	NOUN
iiclr-17591	1741	17	c.c	c.c	PROPN
iiclr-17591	1741	18	.	.	PROPN
iiclr-17591	1741	19	art	art	PROPN
iiclr-17591	1741	20	.	.	PUNCT
iiclr-17591	1742	1	2423(4	2423(4	NUM
iiclr-17591	1742	2	)	)	PUNCT
iiclr-17591	1742	3	,	,	PUNCT
iiclr-17591	1742	4	2324	2324	NUM
iiclr-17591	1742	5	-	-	PUNCT
iiclr-17591	1742	6	bis	bis	X
iiclr-17591	1742	7	(	(	PUNCT
iiclr-17591	1742	8	3	3	NUM
iiclr-17591	1742	9	)	)	PUNCT
iiclr-17591	1742	10	,	,	PUNCT
iiclr-17591	1742	11	(	(	PUNCT
iiclr-17591	1742	12	italy	italy	PROPN
iiclr-17591	1742	13	)	)	PUNCT
iiclr-17591	1742	14	)	)	PUNCT
iiclr-17591	1742	15	.	.	PUNCT
iiclr-17591	1743	1	no	no	DET
iiclr-17591	1743	2	law	law	NOUN
iiclr-17591	1743	3	,	,	PUNCT
iiclr-17591	1743	4	however	however	ADV
iiclr-17591	1743	5	,	,	PUNCT
iiclr-17591	1743	6	can	can	AUX
iiclr-17591	1743	7	completely	completely	ADV
iiclr-17591	1743	8	prevent	prevent	VERB
iiclr-17591	1743	9	financial	financial	ADJ
iiclr-17591	1743	10	reporting	reporting	NOUN
iiclr-17591	1743	11	from	from	ADP
iiclr-17591	1743	12	being	be	AUX
iiclr-17591	1743	13	an	an	DET
iiclr-17591	1743	14	extremely	extremely	ADV
iiclr-17591	1743	15	powerful	powerful	ADJ
iiclr-17591	1743	16	governance	governance	NOUN
iiclr-17591	1743	17	tool	tool	NOUN
iiclr-17591	1743	18	(	(	PUNCT
iiclr-17591	1743	19	berardino	berardino	PROPN
iiclr-17591	1743	20	libonati	libonati	PROPN
iiclr-17591	1743	21	,	,	PUNCT
iiclr-17591	1743	22	final	final	ADJ
iiclr-17591	1743	23	remarks	remark	NOUN
iiclr-17591	1743	24	at	at	ADP
iiclr-17591	1743	25	the	the	DET
iiclr-17591	1743	26	meeting	meeting	NOUN
iiclr-17591	1743	27	of	of	ADP
iiclr-17591	1743	28	the	the	DET
iiclr-17591	1743	29	university	university	NOUN
iiclr-17591	1743	30	of	of	ADP
iiclr-17591	1743	31	florence	florence	NOUN
iiclr-17591	1743	32	,	,	PUNCT
iiclr-17591	1743	33	school	school	NOUN
iiclr-17591	1743	34	of	of	ADP
iiclr-17591	1743	35	economics	economic	NOUN
iiclr-17591	1743	36	,	,	PUNCT
iiclr-17591	1743	37	on	on	ADP
iiclr-17591	1743	38	the	the	DET
iiclr-17591	1743	39	new	new	ADJ
iiclr-17591	1743	40	law	law	NOUN
iiclr-17591	1743	41	on	on	ADP
iiclr-17591	1743	42	financial	financial	ADJ
iiclr-17591	1743	43	reporting	reporting	NOUN
iiclr-17591	1743	44	(	(	PUNCT
iiclr-17591	1743	45	apr	apr	NOUN
iiclr-17591	1743	46	.	.	PROPN
iiclr-17591	1743	47	22	22	NUM
iiclr-17591	1743	48	,	,	PUNCT
iiclr-17591	1743	49	1994	1994	NUM
iiclr-17591	1743	50	)	)	PUNCT
iiclr-17591	1743	51	)	)	PUNCT
iiclr-17591	1743	52	.	.	PUNCT
iiclr-17591	1744	1	the	the	DET
iiclr-17591	1744	2	law	law	NOUN
iiclr-17591	1744	3	of	of	ADP
iiclr-17591	1744	4	aug	aug	PROPN
iiclr-17591	1744	5	.	.	PROPN
iiclr-17591	1744	6	8	8	NUM
iiclr-17591	1744	7	,	,	PUNCT
iiclr-17591	1744	8	1994	1994	NUM
iiclr-17591	1744	9	,	,	PUNCT
iiclr-17591	1744	10	no	no	INTJ
iiclr-17591	1744	11	.	.	NOUN
iiclr-17591	1744	12	503	503	NUM
iiclr-17591	1744	13	,	,	PUNCT
iiclr-17591	1744	14	in	in	ADP
iiclr-17591	1744	15	my	my	PRON
iiclr-17591	1744	16	opinion	opinion	NOUN
iiclr-17591	1744	17	,	,	PUNCT
iiclr-17591	1744	18	marked	mark	VERB
iiclr-17591	1744	19	significant	significant	ADJ
iiclr-17591	1744	20	regress	regress	NOUN
iiclr-17591	1744	21	on	on	ADP
iiclr-17591	1744	22	the	the	DET
iiclr-17591	1744	23	road	road	NOUN
iiclr-17591	1744	24	of	of	ADP
iiclr-17591	1744	25	fairness	fairness	NOUN
iiclr-17591	1744	26	in	in	ADP
iiclr-17591	1744	27	financial	financial	ADJ
iiclr-17591	1744	28	reporting	reporting	NOUN
iiclr-17591	1744	29	.	.	PUNCT
iiclr-17591	1745	1	this	this	DET
iiclr-17591	1745	2	law	law	NOUN
iiclr-17591	1745	3	allows	allow	VERB
iiclr-17591	1745	4	depreciation	depreciation	NOUN
iiclr-17591	1745	5	and	and	CCONJ
iiclr-17591	1745	6	other	other	ADJ
iiclr-17591	1745	7	income	income	NOUN
iiclr-17591	1745	8	-	-	PUNCT
iiclr-17591	1745	9	reducing	reduce	VERB
iiclr-17591	1745	10	items	item	NOUN
iiclr-17591	1745	11	for	for	ADP
iiclr-17591	1745	12	tax	tax	NOUN
iiclr-17591	1745	13	purposes	purpose	NOUN
iiclr-17591	1745	14	to	to	PART
iiclr-17591	1745	15	be	be	AUX
iiclr-17591	1745	16	used	use	VERB
iiclr-17591	1745	17	for	for	ADP
iiclr-17591	1745	18	financial	financial	ADJ
iiclr-17591	1745	19	reporting	reporting	NOUN
iiclr-17591	1745	20	,	,	PUNCT
iiclr-17591	1745	21	thus	thus	ADV
iiclr-17591	1745	22	assimilating	assimilate	VERB
iiclr-17591	1745	23	two	two	NUM
iiclr-17591	1745	24	kinds	kind	NOUN
iiclr-17591	1745	25	of	of	ADP
iiclr-17591	1745	26	financial	financial	ADJ
iiclr-17591	1745	27	statements	statement	NOUN
iiclr-17591	1745	28	that	that	PRON
iiclr-17591	1745	29	serve	serve	VERB
iiclr-17591	1745	30	totally	totally	ADV
iiclr-17591	1745	31	different	different	ADJ
iiclr-17591	1745	32	purposes	purpose	NOUN
iiclr-17591	1745	33	.	.	PUNCT
iiclr-17591	1746	1	the	the	DET
iiclr-17591	1746	2	change	change	NOUN
iiclr-17591	1746	3	took	take	VERB
iiclr-17591	1746	4	place	place	NOUN
iiclr-17591	1746	5	without	without	ADP
iiclr-17591	1746	6	any	any	DET
iiclr-17591	1746	7	previous	previous	ADJ
iiclr-17591	1746	8	discussion	discussion	NOUN
iiclr-17591	1746	9	by	by	ADP
iiclr-17591	1746	10	experts	expert	NOUN
iiclr-17591	1746	11	of	of	ADP
iiclr-17591	1746	12	corporate	corporate	ADJ
iiclr-17591	1746	13	governance	governance	NOUN
iiclr-17591	1746	14	,	,	PUNCT
iiclr-17591	1746	15	probably	probably	ADV
iiclr-17591	1746	16	as	as	ADP
iiclr-17591	1746	17	the	the	DET
iiclr-17591	1746	18	result	result	NOUN
iiclr-17591	1746	19	of	of	ADP
iiclr-17591	1746	20	a	a	DET
iiclr-17591	1746	21	lobbying	lobbying	NOUN
iiclr-17591	1746	22	effort	effort	NOUN
iiclr-17591	1746	23	by	by	ADP
iiclr-17591	1746	24	strong	strong	ADJ
iiclr-17591	1746	25	ownersmanagers	ownersmanager	NOUN
iiclr-17591	1746	26	to	to	PART
iiclr-17591	1746	27	which	which	PRON
iiclr-17591	1746	28	the	the	DET
iiclr-17591	1746	29	government	government	NOUN
iiclr-17591	1746	30	was	be	AUX
iiclr-17591	1746	31	sensitive	sensitive	ADJ
iiclr-17591	1746	32	.	.	PUNCT
iiclr-17591	1747	1	209	209	NUM
iiclr-17591	1747	2	.	.	PUNCT
iiclr-17591	1748	1	the	the	DET
iiclr-17591	1748	2	focus	focus	NOUN
iiclr-17591	1748	3	on	on	ADP
iiclr-17591	1748	4	capital	capital	NOUN
iiclr-17591	1748	5	gains	gain	NOUN
iiclr-17591	1748	6	may	may	AUX
iiclr-17591	1748	7	help	help	VERB
iiclr-17591	1748	8	explain	explain	VERB
iiclr-17591	1748	9	why	why	SCONJ
iiclr-17591	1748	10	the	the	DET
iiclr-17591	1748	11	italian	italian	ADJ
iiclr-17591	1748	12	stock	stock	NOUN
iiclr-17591	1748	13	market	market	NOUN
iiclr-17591	1748	14	,	,	PUNCT
iiclr-17591	1748	15	as	as	ADV
iiclr-17591	1748	16	far	far	ADV
iiclr-17591	1748	17	as	as	SCONJ
iiclr-17591	1748	18	price	price	NOUN
iiclr-17591	1748	19	/	/	SYM
iiclr-17591	1748	20	earnings	earning	NOUN
iiclr-17591	1748	21	ratio	ratio	NOUN
iiclr-17591	1748	22	is	be	AUX
iiclr-17591	1748	23	concerned	concern	VERB
iiclr-17591	1748	24	,	,	PUNCT
iiclr-17591	1748	25	is	be	AUX
iiclr-17591	1748	26	very	very	ADV
iiclr-17591	1748	27	expensive	expensive	ADJ
iiclr-17591	1748	28	as	as	SCONJ
iiclr-17591	1748	29	compared	compare	VERB
iiclr-17591	1748	30	to	to	ADP
iiclr-17591	1748	31	others	other	NOUN
iiclr-17591	1748	32	,	,	PUNCT
iiclr-17591	1748	33	and	and	CCONJ
iiclr-17591	1748	34	why	why	SCONJ
iiclr-17591	1748	35	new	new	ADJ
iiclr-17591	1748	36	,	,	PUNCT
iiclr-17591	1748	37	highpriced	highpriced	ADJ
iiclr-17591	1748	38	issuances	issuance	NOUN
iiclr-17591	1748	39	of	of	ADP
iiclr-17591	1748	40	stock	stock	NOUN
iiclr-17591	1748	41	are	be	AUX
iiclr-17591	1748	42	usually	usually	ADV
iiclr-17591	1748	43	fully	fully	ADV
iiclr-17591	1748	44	subscribed	subscribe	VERB
iiclr-17591	1748	45	(	(	PUNCT
iiclr-17591	1748	46	see	see	VERB
iiclr-17591	1748	47	francesco	francesco	PROPN
iiclr-17591	1748	48	micheli	micheli	PROPN
iiclr-17591	1748	49	,	,	PUNCT
iiclr-17591	1748	50	questa	questa	PROPN
iiclr-17591	1748	51	borsa	borsa	PROPN
iiclr-17591	1748	52	cos	cos	PROPN
iiclr-17591	1748	53	!	!	PROPN
iiclr-17591	1748	54	depressa	depressa	PROPN
iiclr-17591	1748	55	e	e	PROPN
iiclr-17591	1748	56	arretrata	arretrata	PROPN
iiclr-17591	1748	57	continua	continua	PROPN
iiclr-17591	1748	58	a	a	DET
iiclr-17591	1748	59	essere	essere	X
iiclr-17591	1748	60	la	la	PROPN
iiclr-17591	1748	61	pi	pi	PROPN
iiclr-17591	1748	62	cara	cara	PROPN
iiclr-17591	1748	63	d'europa	d'europa	PROPN
iiclr-17591	1748	64	,	,	PUNCT
iiclr-17591	1748	65	il	il	PROPN
iiclr-17591	1748	66	sole	sole	ADJ
iiclr-17591	1748	67	24	24	NUM
iiclr-17591	1748	68	ore	ore	NOUN
iiclr-17591	1748	69	,	,	PUNCT
iiclr-17591	1748	70	oct	oct	PROPN
iiclr-17591	1748	71	.	.	PROPN
iiclr-17591	1748	72	30	30	NUM
iiclr-17591	1748	73	,	,	PUNCT
iiclr-17591	1748	74	1991	1991	NUM
iiclr-17591	1748	75	,	,	PUNCT
iiclr-17591	1748	76	at	at	ADP
iiclr-17591	1748	77	23	23	NUM
iiclr-17591	1748	78	;	;	PUNCT
iiclr-17591	1748	79	nardozzi	nardozzi	PROPN
iiclr-17591	1748	80	,	,	PUNCT
iiclr-17591	1748	81	supra	supra	PROPN
iiclr-17591	1748	82	note	note	PROPN
iiclr-17591	1748	83	205	205	NUM
iiclr-17591	1748	84	;	;	PUNCT
iiclr-17591	1748	85	scarci	scarci	NOUN
iiclr-17591	1748	86	,	,	PUNCT
iiclr-17591	1748	87	supra	supra	PROPN
iiclr-17591	1748	88	note	note	NOUN
iiclr-17591	1748	89	204	204	NUM
iiclr-17591	1748	90	;	;	PUNCT
iiclr-17591	1748	91	a	a	DET
iiclr-17591	1748	92	few	few	ADJ
iiclr-17591	1748	93	signs	sign	NOUN
iiclr-17591	1748	94	of	of	ADP
iiclr-17591	1748	95	a	a	DET
iiclr-17591	1748	96	slowdown	slowdown	NOUN
iiclr-17591	1748	97	of	of	ADP
iiclr-17591	1748	98	new	new	ADJ
iiclr-17591	1748	99	issuances	issuance	NOUN
iiclr-17591	1748	100	are	be	AUX
iiclr-17591	1748	101	observed	observe	VERB
iiclr-17591	1748	102	in	in	ADP
iiclr-17591	1748	103	1995	1995	NUM
iiclr-17591	1748	104	:	:	PUNCT
iiclr-17591	1748	105	fib	fib	VERB
iiclr-17591	1748	106	30	30	NUM
iiclr-17591	1748	107	promosso	promosso	NOUN
iiclr-17591	1748	108	nel	nel	PROPN
iiclr-17591	1748	109	semestre	semestre	PROPN
iiclr-17591	1748	110	,	,	PUNCT
iiclr-17591	1748	111	supra	supra	PROPN
iiclr-17591	1748	112	note	note	NOUN
iiclr-17591	1748	113	148	148	NUM
iiclr-17591	1748	114	)	)	PUNCT
iiclr-17591	1748	115	.	.	PUNCT
iiclr-17591	1749	1	average	average	ADJ
iiclr-17591	1749	2	industry	industry	NOUN
iiclr-17591	1749	3	yields	yield	NOUN
iiclr-17591	1749	4	range	range	VERB
iiclr-17591	1749	5	between	between	ADP
iiclr-17591	1749	6	a	a	DET
iiclr-17591	1749	7	low	low	NOUN
iiclr-17591	1749	8	of	of	ADP
iiclr-17591	1749	9	1	1	NUM
iiclr-17591	1749	10	%	%	NOUN
iiclr-17591	1749	11	of	of	ADP
iiclr-17591	1749	12	the	the	DET
iiclr-17591	1749	13	price	price	NOUN
iiclr-17591	1749	14	in	in	ADP
iiclr-17591	1749	15	the	the	DET
iiclr-17591	1749	16	insurance	insurance	NOUN
iiclr-17591	1749	17	industry	industry	NOUN
iiclr-17591	1749	18	and	and	CCONJ
iiclr-17591	1749	19	a	a	DET
iiclr-17591	1749	20	"	"	PUNCT
iiclr-17591	1749	21	high	high	ADJ
iiclr-17591	1749	22	"	"	PUNCT
iiclr-17591	1749	23	of	of	ADP
iiclr-17591	1749	24	2.5	2.5	NUM
iiclr-17591	1749	25	%	%	NOUN
iiclr-17591	1749	26	in	in	ADP
iiclr-17591	1749	27	the	the	DET
iiclr-17591	1749	28	banking	banking	NOUN
iiclr-17591	1749	29	and	and	CCONJ
iiclr-17591	1749	30	trade	trade	NOUN
iiclr-17591	1749	31	industries	industry	NOUN
iiclr-17591	1749	32	.	.	PUNCT
iiclr-17591	1750	1	companies	company	NOUN
iiclr-17591	1750	2	'	'	PART
iiclr-17591	1750	3	cash	cash	NOUN
iiclr-17591	1750	4	flow	flow	NOUN
iiclr-17591	1750	5	is	be	AUX
iiclr-17591	1750	6	indeed	indeed	ADV
iiclr-17591	1750	7	very	very	ADV
iiclr-17591	1750	8	high	high	ADJ
iiclr-17591	1750	9	as	as	SCONJ
iiclr-17591	1750	10	compared	compare	VERB
iiclr-17591	1750	11	to	to	ADP
iiclr-17591	1750	12	reported	report	VERB
iiclr-17591	1750	13	income	income	NOUN
iiclr-17591	1750	14	,	,	PUNCT
iiclr-17591	1750	15	thanks	thank	NOUN
iiclr-17591	1750	16	to	to	ADP
iiclr-17591	1750	17	the	the	DET
iiclr-17591	1750	18	reasons	reason	NOUN
iiclr-17591	1750	19	stated	state	VERB
iiclr-17591	1750	20	in	in	ADP
iiclr-17591	1750	21	the	the	DET
iiclr-17591	1750	22	preceding	precede	VERB
iiclr-17591	1750	23	note	note	NOUN
iiclr-17591	1750	24	.	.	PUNCT
iiclr-17591	1751	1	this	this	DET
iiclr-17591	1751	2	capital	capital	NOUN
iiclr-17591	1751	3	gainorientation	gainorientation	NOUN
iiclr-17591	1751	4	is	be	AUX
iiclr-17591	1751	5	seen	see	VERB
iiclr-17591	1751	6	in	in	ADP
iiclr-17591	1751	7	the	the	DET
iiclr-17591	1751	8	italian	italian	ADJ
iiclr-17591	1751	9	stock	stock	NOUN
iiclr-17591	1751	10	market	market	NOUN
iiclr-17591	1751	11	's	's	PART
iiclr-17591	1751	12	lack	lack	NOUN
iiclr-17591	1751	13	of	of	ADP
iiclr-17591	1751	14	sensitivity	sensitivity	NOUN
iiclr-17591	1751	15	to	to	PART
iiclr-17591	1751	16	change	change	VERB
iiclr-17591	1751	17	in	in	ADP
iiclr-17591	1751	18	dividends	dividend	NOUN
iiclr-17591	1751	19	.	.	PUNCT
iiclr-17591	1752	1	(	(	PUNCT
iiclr-17591	1752	2	for	for	ADP
iiclr-17591	1752	3	some	some	DET
iiclr-17591	1752	4	interesting	interesting	ADJ
iiclr-17591	1752	5	examples	example	NOUN
iiclr-17591	1752	6	,	,	PUNCT
iiclr-17591	1752	7	see	see	VERB
iiclr-17591	1752	8	scarci	scarci	NOUN
iiclr-17591	1752	9	,	,	PUNCT
iiclr-17591	1752	10	supra	supra	PROPN
iiclr-17591	1752	11	note	note	NOUN
iiclr-17591	1752	12	204	204	NUM
iiclr-17591	1752	13	)	)	PUNCT
iiclr-17591	1752	14	.	.	PUNCT
iiclr-17591	1753	1	210	210	NUM
iiclr-17591	1753	2	.	.	PUNCT
iiclr-17591	1754	1	a	a	DET
iiclr-17591	1754	2	capital	capital	NOUN
iiclr-17591	1754	3	gain	gain	NOUN
iiclr-17591	1754	4	focused	focused	ADJ
iiclr-17591	1754	5	investor	investor	NOUN
iiclr-17591	1754	6	needs	need	VERB
iiclr-17591	1754	7	liquidity	liquidity	NOUN
iiclr-17591	1754	8	,	,	PUNCT
iiclr-17591	1754	9	which	which	PRON
iiclr-17591	1754	10	by	by	ADP
iiclr-17591	1754	11	its	its	PRON
iiclr-17591	1754	12	very	very	ADJ
iiclr-17591	1754	13	nature	nature	NOUN
iiclr-17591	1754	14	discourages	discourage	VERB
iiclr-17591	1754	15	not	not	PART
iiclr-17591	1754	16	only	only	ADV
iiclr-17591	1754	17	an	an	DET
iiclr-17591	1754	18	involvement	involvement	NOUN
iiclr-17591	1754	19	in	in	ADP
iiclr-17591	1754	20	control	control	NOUN
iiclr-17591	1754	21	,	,	PUNCT
iiclr-17591	1754	22	but	but	CCONJ
iiclr-17591	1754	23	also	also	ADV
iiclr-17591	1754	24	the	the	DET
iiclr-17591	1754	25	purchase	purchase	NOUN
iiclr-17591	1754	26	of	of	ADP
iiclr-17591	1754	27	substantial	substantial	ADJ
iiclr-17591	1754	28	stakes	stake	NOUN
iiclr-17591	1754	29	(	(	PUNCT
iiclr-17591	1754	30	coffee	coffee	NOUN
iiclr-17591	1754	31	,	,	PUNCT
iiclr-17591	1754	32	supra	supra	PROPN
iiclr-17591	1754	33	note	note	PROPN
iiclr-17591	1754	34	199	199	NUM
iiclr-17591	1754	35	)	)	PUNCT
iiclr-17591	1754	36	.	.	PUNCT
iiclr-17591	1755	1	211	211	NUM
iiclr-17591	1755	2	.	.	PUNCT
iiclr-17591	1756	1	until	until	ADP
iiclr-17591	1756	2	a	a	DET
iiclr-17591	1756	3	few	few	ADJ
iiclr-17591	1756	4	years	year	NOUN
iiclr-17591	1756	5	ago	ago	ADV
iiclr-17591	1756	6	,	,	PUNCT
iiclr-17591	1756	7	italy	italy	PROPN
iiclr-17591	1756	8	did	do	AUX
iiclr-17591	1756	9	not	not	PART
iiclr-17591	1756	10	tax	tax	VERB
iiclr-17591	1756	11	capital	capital	NOUN
iiclr-17591	1756	12	gains	gain	NOUN
iiclr-17591	1756	13	.	.	PUNCT
iiclr-17591	1757	1	now	now	ADV
iiclr-17591	1757	2	,	,	PUNCT
iiclr-17591	1757	3	after	after	SCONJ
iiclr-17591	1757	4	the	the	DET
iiclr-17591	1757	5	government	government	NOUN
iiclr-17591	1757	6	decree	decree	NOUN
iiclr-17591	1757	7	-	-	PUNCT
iiclr-17591	1757	8	law	law	NOUN
iiclr-17591	1757	9	of	of	ADP
iiclr-17591	1757	10	jan	jan	PROPN
iiclr-17591	1757	11	.	.	PROPN
iiclr-17591	1757	12	28	28	NUM
iiclr-17591	1757	13	,	,	PUNCT
iiclr-17591	1757	14	1991	1991	NUM
iiclr-17591	1757	15	,	,	PUNCT
iiclr-17591	1757	16	no	no	INTJ
iiclr-17591	1757	17	.	.	NOUN
iiclr-17591	1757	18	27	27	NUM
iiclr-17591	1757	19	,	,	PUNCT
iiclr-17591	1757	20	converted	convert	VERB
iiclr-17591	1757	21	by	by	ADP
iiclr-17591	1757	22	the	the	DET
iiclr-17591	1757	23	law	law	NOUN
iiclr-17591	1757	24	of	of	ADP
iiclr-17591	1757	25	mar	mar	PROPN
iiclr-17591	1757	26	.	.	PROPN
iiclr-17591	1757	27	25	25	NUM
iiclr-17591	1757	28	,	,	PUNCT
iiclr-17591	1757	29	1991	1991	NUM
iiclr-17591	1757	30	no	no	NOUN
iiclr-17591	1757	31	.	.	NOUN
iiclr-17591	1757	32	102	102	NUM
iiclr-17591	1757	33	,	,	PUNCT
iiclr-17591	1757	34	and	and	CCONJ
iiclr-17591	1757	35	subsequently	subsequently	ADV
iiclr-17591	1757	36	amended	amend	VERB
iiclr-17591	1757	37	,	,	PUNCT
iiclr-17591	1757	38	the	the	DET
iiclr-17591	1757	39	taxation	taxation	NOUN
iiclr-17591	1757	40	of	of	ADP
iiclr-17591	1757	41	capital	capital	NOUN
iiclr-17591	1757	42	gains	gain	NOUN
iiclr-17591	1757	43	is	be	AUX
iiclr-17591	1757	44	waived	waive	VERB
iiclr-17591	1757	45	for	for	ADP
iiclr-17591	1757	46	sale	sale	NOUN
iiclr-17591	1757	47	of	of	ADP
iiclr-17591	1757	48	stakes	stake	NOUN
iiclr-17591	1757	49	of	of	ADP
iiclr-17591	1757	50	less	less	ADJ
iiclr-17591	1757	51	than	than	ADP
iiclr-17591	1757	52	two	two	NUM
iiclr-17591	1757	53	percent	percent	NOUN
iiclr-17591	1757	54	of	of	ADP
iiclr-17591	1757	55	listed	list	VERB
iiclr-17591	1757	56	companies	company	NOUN
iiclr-17591	1757	57	.	.	PUNCT
iiclr-17591	1758	1	the	the	DET
iiclr-17591	1758	2	past	past	ADJ
iiclr-17591	1758	3	system	system	NOUN
iiclr-17591	1758	4	strongly	strongly	ADV
iiclr-17591	1758	5	encouraged	encourage	VERB
iiclr-17591	1758	6	liquidity	liquidity	NOUN
iiclr-17591	1758	7	,	,	PUNCT
iiclr-17591	1758	8	and	and	CCONJ
iiclr-17591	1758	9	the	the	DET
iiclr-17591	1758	10	present	present	ADJ
iiclr-17591	1758	11	system	system	NOUN
iiclr-17591	1758	12	still	still	ADV
iiclr-17591	1758	13	does	do	VERB
iiclr-17591	1758	14	.	.	PUNCT
iiclr-17591	1759	1	1995	1995	NUM
iiclr-17591	1759	2	]	]	X
iiclr-17591	1759	3	ind	ind	NOUN
iiclr-17591	1759	4	.	.	PUNCT
iiclr-17591	1760	1	int'l	int'l	PROPN
iiclr-17591	1760	2	&	&	CCONJ
iiclr-17591	1760	3	comp	comp	PROPN
iiclr-17591	1760	4	.	.	PUNCT
iiclr-17591	1761	1	l	l	PROPN
iiclr-17591	1761	2	rev	rev	PROPN
iiclr-17591	1761	3	.	.	PROPN
iiclr-17591	1761	4	are	be	AUX
iiclr-17591	1761	5	probably	probably	ADV
iiclr-17591	1761	6	also	also	ADV
iiclr-17591	1761	7	a	a	DET
iiclr-17591	1761	8	response	response	NOUN
iiclr-17591	1761	9	to	to	ADP
iiclr-17591	1761	10	industrial	industrial	ADJ
iiclr-17591	1761	11	organization	organization	NOUN
iiclr-17591	1761	12	problems.212	problems.212	NOUN
iiclr-17591	1761	13	)	)	PUNCT
iiclr-17591	1761	14	large	large	ADJ
iiclr-17591	1761	15	investors	investor	NOUN
iiclr-17591	1761	16	buy	buy	VERB
iiclr-17591	1761	17	substantial	substantial	ADJ
iiclr-17591	1761	18	stakes	stake	NOUN
iiclr-17591	1761	19	only	only	ADV
iiclr-17591	1761	20	if	if	SCONJ
iiclr-17591	1761	21	they	they	PRON
iiclr-17591	1761	22	can	can	AUX
iiclr-17591	1761	23	participate	participate	VERB
iiclr-17591	1761	24	in	in	ADP
iiclr-17591	1761	25	the	the	DET
iiclr-17591	1761	26	control	control	NOUN
iiclr-17591	1761	27	group	group	NOUN
iiclr-17591	1761	28	.	.	PUNCT
iiclr-17591	1762	1	where	where	SCONJ
iiclr-17591	1762	2	this	this	PRON
iiclr-17591	1762	3	is	be	AUX
iiclr-17591	1762	4	not	not	PART
iiclr-17591	1762	5	possible	possible	ADJ
iiclr-17591	1762	6	,	,	PUNCT
iiclr-17591	1762	7	they	they	PRON
iiclr-17591	1762	8	abstain	abstain	VERB
iiclr-17591	1762	9	from	from	ADP
iiclr-17591	1762	10	buying	buy	VERB
iiclr-17591	1762	11	.	.	PUNCT
iiclr-17591	1763	1	the	the	DET
iiclr-17591	1763	2	picture	picture	NOUN
iiclr-17591	1763	3	is	be	AUX
iiclr-17591	1763	4	now	now	ADV
iiclr-17591	1763	5	complete	complete	ADJ
iiclr-17591	1763	6	.	.	PUNCT
iiclr-17591	1764	1	italian	italian	ADJ
iiclr-17591	1764	2	companies	company	NOUN
iiclr-17591	1764	3	have	have	VERB
iiclr-17591	1764	4	some	some	DET
iiclr-17591	1764	5	strong	strong	ADJ
iiclr-17591	1764	6	,	,	PUNCT
iiclr-17591	1764	7	real	real	ADJ
iiclr-17591	1764	8	owners	owner	NOUN
iiclr-17591	1764	9	,	,	PUNCT
iiclr-17591	1764	10	as	as	ADV
iiclr-17591	1764	11	well	well	ADV
iiclr-17591	1764	12	as	as	ADP
iiclr-17591	1764	13	many	many	ADJ
iiclr-17591	1764	14	passive	passive	ADJ
iiclr-17591	1764	15	beneficiaries	beneficiary	NOUN
iiclr-17591	1764	16	of	of	ADP
iiclr-17591	1764	17	their	their	PRON
iiclr-17591	1764	18	achievements	achievement	NOUN
iiclr-17591	1764	19	,	,	PUNCT
iiclr-17591	1764	20	or	or	CCONJ
iiclr-17591	1764	21	lack	lack	NOUN
iiclr-17591	1764	22	thereof	thereof	ADV
iiclr-17591	1764	23	.	.	PUNCT
iiclr-17591	1765	1	italian	italian	ADJ
iiclr-17591	1765	2	shareholders	shareholder	NOUN
iiclr-17591	1765	3	either	either	CCONJ
iiclr-17591	1765	4	manage	manage	VERB
iiclr-17591	1765	5	the	the	DET
iiclr-17591	1765	6	company	company	NOUN
iiclr-17591	1765	7	long	long	ADJ
iiclr-17591	1765	8	term	term	NOUN
iiclr-17591	1765	9	,	,	PUNCT
iiclr-17591	1765	10	or	or	CCONJ
iiclr-17591	1765	11	tend	tend	VERB
iiclr-17591	1765	12	to	to	PART
iiclr-17591	1765	13	invest	invest	VERB
iiclr-17591	1765	14	in	in	ADP
iiclr-17591	1765	15	it	it	PRON
iiclr-17591	1765	16	short	short	ADJ
iiclr-17591	1765	17	term	term	NOUN
iiclr-17591	1765	18	.	.	PUNCT
iiclr-17591	1766	1	the	the	DET
iiclr-17591	1766	2	nature	nature	NOUN
iiclr-17591	1766	3	of	of	ADP
iiclr-17591	1766	4	the	the	DET
iiclr-17591	1766	5	italian	italian	ADJ
iiclr-17591	1766	6	stock	stock	NOUN
iiclr-17591	1766	7	market	market	NOUN
iiclr-17591	1766	8	is	be	AUX
iiclr-17591	1766	9	fully	fully	ADV
iiclr-17591	1766	10	consistent	consistent	ADJ
iiclr-17591	1766	11	with	with	ADP
iiclr-17591	1766	12	this	this	DET
iiclr-17591	1766	13	assumption	assumption	NOUN
iiclr-17591	1766	14	.	.	PUNCT
iiclr-17591	1767	1	it	it	PRON
iiclr-17591	1767	2	has	have	AUX
iiclr-17591	1767	3	frequently	frequently	ADV
iiclr-17591	1767	4	been	be	AUX
iiclr-17591	1767	5	said	say	VERB
iiclr-17591	1767	6	that	that	SCONJ
iiclr-17591	1767	7	the	the	DET
iiclr-17591	1767	8	italian	italian	ADJ
iiclr-17591	1767	9	stock	stock	NOUN
iiclr-17591	1767	10	market	market	NOUN
iiclr-17591	1767	11	privileges	privilege	VERB
iiclr-17591	1767	12	short	short	ADJ
iiclr-17591	1767	13	-	-	PUNCT
iiclr-17591	1767	14	term	term	NOUN
iiclr-17591	1767	15	gains,213	gains,213	NOUN
iiclr-17591	1767	16	and	and	CCONJ
iiclr-17591	1767	17	it	it	PRON
iiclr-17591	1767	18	could	could	AUX
iiclr-17591	1767	19	not	not	PART
iiclr-17591	1767	20	be	be	AUX
iiclr-17591	1767	21	otherwise	otherwise	ADV
iiclr-17591	1767	22	.	.	PUNCT
iiclr-17591	1768	1	transfers	transfer	NOUN
iiclr-17591	1768	2	of	of	ADP
iiclr-17591	1768	3	control	control	NOUN
iiclr-17591	1768	4	do	do	AUX
iiclr-17591	1768	5	not	not	PART
iiclr-17591	1768	6	usually	usually	ADV
iiclr-17591	1768	7	take	take	VERB
iiclr-17591	1768	8	place	place	NOUN
iiclr-17591	1768	9	in	in	ADP
iiclr-17591	1768	10	the	the	DET
iiclr-17591	1768	11	market	market	NOUN
iiclr-17591	1768	12	,	,	PUNCT
iiclr-17591	1768	13	so	so	SCONJ
iiclr-17591	1768	14	that	that	SCONJ
iiclr-17591	1768	15	when	when	SCONJ
iiclr-17591	1768	16	the	the	DET
iiclr-17591	1768	17	controlling	control	VERB
iiclr-17591	1768	18	stake	stake	NOUN
iiclr-17591	1768	19	is	be	AUX
iiclr-17591	1768	20	transferred	transfer	VERB
iiclr-17591	1768	21	short	short	ADJ
iiclr-17591	1768	22	-	-	PUNCT
iiclr-17591	1768	23	hand	hand	NOUN
iiclr-17591	1768	24	,	,	PUNCT
iiclr-17591	1768	25	the	the	DET
iiclr-17591	1768	26	law	law	NOUN
iiclr-17591	1768	27	compels	compel	VERB
iiclr-17591	1768	28	a	a	DET
iiclr-17591	1768	29	sort	sort	NOUN
iiclr-17591	1768	30	of	of	ADP
iiclr-17591	1768	31	"	"	PUNCT
iiclr-17591	1768	32	shotgun	shotgun	NOUN
iiclr-17591	1768	33	wedding	wedding	NOUN
iiclr-17591	1768	34	"	"	PUNCT
iiclr-17591	1768	35	between	between	ADP
iiclr-17591	1768	36	the	the	DET
iiclr-17591	1768	37	buyer	buyer	NOUN
iiclr-17591	1768	38	and	and	CCONJ
iiclr-17591	1768	39	the	the	DET
iiclr-17591	1768	40	market	market	NOUN
iiclr-17591	1768	41	:	:	PUNCT
iiclr-17591	1768	42	the	the	DET
iiclr-17591	1768	43	buyer	buyer	NOUN
iiclr-17591	1768	44	must	must	AUX
iiclr-17591	1768	45	launch	launch	VERB
iiclr-17591	1768	46	a	a	DET
iiclr-17591	1768	47	tender	tender	NOUN
iiclr-17591	1768	48	offer	offer	NOUN
iiclr-17591	1768	49	for	for	ADP
iiclr-17591	1768	50	the	the	DET
iiclr-17591	1768	51	same	same	ADJ
iiclr-17591	1768	52	quantity	quantity	NOUN
iiclr-17591	1768	53	of	of	ADP
iiclr-17591	1768	54	shares	share	NOUN
iiclr-17591	1768	55	at	at	ADP
iiclr-17591	1768	56	the	the	DET
iiclr-17591	1768	57	same	same	ADJ
iiclr-17591	1768	58	price.214	price.214	NOUN
iiclr-17591	1768	59	moreover	moreover	ADV
iiclr-17591	1768	60	,	,	PUNCT
iiclr-17591	1768	61	the	the	DET
iiclr-17591	1768	62	law	law	NOUN
iiclr-17591	1768	63	,	,	PUNCT
iiclr-17591	1768	64	by	by	ADP
iiclr-17591	1768	65	forcing	force	VERB
iiclr-17591	1768	66	the	the	DET
iiclr-17591	1768	67	controlling	control	VERB
iiclr-17591	1768	68	shareholder	shareholder	NOUN
iiclr-17591	1768	69	to	to	PART
iiclr-17591	1768	70	launch	launch	VERB
iiclr-17591	1768	71	a	a	DET
iiclr-17591	1768	72	tender	tender	NOUN
iiclr-17591	1768	73	offer	offer	NOUN
iiclr-17591	1768	74	for	for	ADP
iiclr-17591	1768	75	the	the	DET
iiclr-17591	1768	76	remaining	remain	VERB
iiclr-17591	1768	77	shares	share	NOUN
iiclr-17591	1768	78	when	when	SCONJ
iiclr-17591	1768	79	the	the	DET
iiclr-17591	1768	80	float	float	NOUN
iiclr-17591	1768	81	falls	fall	VERB
iiclr-17591	1768	82	below	below	ADP
iiclr-17591	1768	83	a	a	DET
iiclr-17591	1768	84	certain	certain	ADJ
iiclr-17591	1768	85	level	level	NOUN
iiclr-17591	1768	86	,	,	PUNCT
iiclr-17591	1768	87	recognizes	recognize	VERB
iiclr-17591	1768	88	the	the	DET
iiclr-17591	1768	89	fact	fact	NOUN
iiclr-17591	1768	90	that	that	SCONJ
iiclr-17591	1768	91	the	the	DET
iiclr-17591	1768	92	italian	italian	ADJ
iiclr-17591	1768	93	stock	stock	NOUN
iiclr-17591	1768	94	market	market	NOUN
iiclr-17591	1768	95	is	be	AUX
iiclr-17591	1768	96	a	a	DET
iiclr-17591	1768	97	market	market	NOUN
iiclr-17591	1768	98	for	for	ADP
iiclr-17591	1768	99	the	the	DET
iiclr-17591	1768	100	exchange	exchange	NOUN
iiclr-17591	1768	101	of	of	ADP
iiclr-17591	1768	102	minority	minority	NOUN
iiclr-17591	1768	103	blocks.2	blocks.2	AUX
iiclr-17591	1768	104	"	"	PUNCT
iiclr-17591	1768	105	'	'	PUNCT
iiclr-17591	1768	106	paralleling	parallel	VERB
iiclr-17591	1768	107	further	further	ADJ
iiclr-17591	1768	108	professor	professor	NOUN
iiclr-17591	1768	109	roe	roe	NOUN
iiclr-17591	1768	110	's	's	PART
iiclr-17591	1768	111	definition	definition	NOUN
iiclr-17591	1768	112	of	of	ADP
iiclr-17591	1768	113	the	the	DET
iiclr-17591	1768	114	american	american	ADJ
iiclr-17591	1768	115	corporate	corporate	ADJ
iiclr-17591	1768	116	landscape,2	landscape,2	NUM
iiclr-17591	1768	117	6	6	NUM
iiclr-17591	1768	118	we	we	PRON
iiclr-17591	1768	119	can	can	AUX
iiclr-17591	1768	120	say	say	VERB
iiclr-17591	1768	121	that	that	SCONJ
iiclr-17591	1768	122	italian	italian	ADJ
iiclr-17591	1768	123	corporate	corporate	ADJ
iiclr-17591	1768	124	governance	governance	NOUN
iiclr-17591	1768	125	is	be	AUX
iiclr-17591	1768	126	based	base	VERB
iiclr-17591	1768	127	on	on	ADP
iiclr-17591	1768	128	a	a	DET
iiclr-17591	1768	129	triangle	triangle	NOUN
iiclr-17591	1768	130	formed	form	VERB
iiclr-17591	1768	131	by	by	ADP
iiclr-17591	1768	132	strong	strong	ADJ
iiclr-17591	1768	133	owners	owner	NOUN
iiclr-17591	1768	134	,	,	PUNCT
iiclr-17591	1768	135	faithful	faithful	ADJ
iiclr-17591	1768	136	managers	manager	NOUN
iiclr-17591	1768	137	,	,	PUNCT
iiclr-17591	1768	138	and	and	CCONJ
iiclr-17591	1768	139	short	short	ADJ
iiclr-17591	1768	140	-	-	PUNCT
iiclr-17591	1768	141	term	term	NOUN
iiclr-17591	1768	142	companions	companion	NOUN
iiclr-17591	1768	143	.	.	PUNCT
iiclr-17591	1769	1	k.	k.	PROPN
iiclr-17591	1770	1	italian	italian	ADJ
iiclr-17591	1770	2	corporate	corporate	ADJ
iiclr-17591	1770	3	governance	governance	NOUN
iiclr-17591	1770	4	:	:	PUNCT
iiclr-17591	1770	5	some	some	DET
iiclr-17591	1770	6	final	final	ADJ
iiclr-17591	1770	7	remarks	remark	NOUN
iiclr-17591	1770	8	.	.	PUNCT
iiclr-17591	1771	1	the	the	DET
iiclr-17591	1771	2	majority	majority	NOUN
iiclr-17591	1771	3	stake	stake	NOUN
iiclr-17591	1771	4	as	as	ADP
iiclr-17591	1771	5	the	the	DET
iiclr-17591	1771	6	most	most	ADV
iiclr-17591	1771	7	important	important	ADJ
iiclr-17591	1771	8	institution	institution	NOUN
iiclr-17591	1771	9	of	of	ADP
iiclr-17591	1771	10	italian	italian	ADJ
iiclr-17591	1771	11	capitalism	capitalism	NOUN
iiclr-17591	1771	12	.	.	PUNCT
iiclr-17591	1772	1	as	as	SCONJ
iiclr-17591	1772	2	we	we	PRON
iiclr-17591	1772	3	have	have	AUX
iiclr-17591	1772	4	seen	see	VERB
iiclr-17591	1772	5	throughout	throughout	ADP
iiclr-17591	1772	6	the	the	DET
iiclr-17591	1772	7	paper	paper	NOUN
iiclr-17591	1772	8	,	,	PUNCT
iiclr-17591	1772	9	the	the	DET
iiclr-17591	1772	10	main	main	ADJ
iiclr-17591	1772	11	feature	feature	NOUN
iiclr-17591	1772	12	of	of	ADP
iiclr-17591	1772	13	the	the	DET
iiclr-17591	1772	14	italian	italian	ADJ
iiclr-17591	1772	15	corporate	corporate	ADJ
iiclr-17591	1772	16	governance	governance	NOUN
iiclr-17591	1772	17	system	system	NOUN
iiclr-17591	1772	18	is	be	AUX
iiclr-17591	1772	19	the	the	DET
iiclr-17591	1772	20	role	role	NOUN
iiclr-17591	1772	21	of	of	ADP
iiclr-17591	1772	22	entrepreneurs	entrepreneur	NOUN
iiclr-17591	1772	23	.	.	PUNCT
iiclr-17591	1773	1	it	it	PRON
iiclr-17591	1773	2	is	be	AUX
iiclr-17591	1773	3	here	here	ADV
iiclr-17591	1773	4	that	that	SCONJ
iiclr-17591	1773	5	qualities	quality	NOUN
iiclr-17591	1773	6	and	and	CCONJ
iiclr-17591	1773	7	limits	limit	NOUN
iiclr-17591	1773	8	of	of	ADP
iiclr-17591	1773	9	this	this	DET
iiclr-17591	1773	10	system	system	NOUN
iiclr-17591	1773	11	reside	reside	VERB
iiclr-17591	1773	12	.	.	PUNCT
iiclr-17591	1774	1	scholars	scholar	NOUN
iiclr-17591	1774	2	debate	debate	VERB
iiclr-17591	1774	3	over	over	ADP
iiclr-17591	1774	4	whether	whether	SCONJ
iiclr-17591	1774	5	it	it	PRON
iiclr-17591	1774	6	is	be	AUX
iiclr-17591	1774	7	best	good	ADJ
iiclr-17591	1774	8	that	that	SCONJ
iiclr-17591	1774	9	powerful	powerful	ADJ
iiclr-17591	1774	10	financial	financial	ADJ
iiclr-17591	1774	11	institutions	institution	NOUN
iiclr-17591	1774	12	monitor	monitor	VERB
iiclr-17591	1774	13	managers	manager	NOUN
iiclr-17591	1774	14	or	or	CCONJ
iiclr-17591	1774	15	that	that	SCONJ
iiclr-17591	1774	16	the	the	DET
iiclr-17591	1774	17	market	market	NOUN
iiclr-17591	1774	18	monitor	monitor	VERB
iiclr-17591	1774	19	them	they	PRON
iiclr-17591	1774	20	,	,	PUNCT
iiclr-17591	1774	21	and	and	CCONJ
iiclr-17591	1774	22	interest	interest	NOUN
iiclr-17591	1774	23	groups	group	NOUN
iiclr-17591	1774	24	fight	fight	VERB
iiclr-17591	1774	25	over	over	ADP
iiclr-17591	1774	26	which	which	DET
iiclr-17591	1774	27	model	model	NOUN
iiclr-17591	1774	28	to	to	PART
iiclr-17591	1774	29	"	"	PUNCT
iiclr-17591	1774	30	suggest	suggest	VERB
iiclr-17591	1774	31	"	"	PUNCT
iiclr-17591	1774	32	to	to	ADP
iiclr-17591	1774	33	developing	develop	VERB
iiclr-17591	1774	34	212	212	NUM
iiclr-17591	1774	35	.	.	PUNCT
iiclr-17591	1775	1	see	see	VERB
iiclr-17591	1775	2	infra	infra	NOUN
iiclr-17591	1775	3	note	note	VERB
iiclr-17591	1775	4	231	231	NUM
iiclr-17591	1775	5	and	and	CCONJ
iiclr-17591	1775	6	related	relate	VERB
iiclr-17591	1775	7	text	text	NOUN
iiclr-17591	1775	8	.	.	PUNCT
iiclr-17591	1776	1	213	213	NUM
iiclr-17591	1776	2	.	.	PUNCT
iiclr-17591	1776	3	nomisma	nomisma	PROPN
iiclr-17591	1776	4	,	,	PUNCT
iiclr-17591	1776	5	rapporto	rapporto	VERB
iiclr-17591	1776	6	1991	1991	NUM
iiclr-17591	1776	7	sull'industria	sull'industria	PROPN
iiclr-17591	1776	8	italiana	italiana	PROPN
iiclr-17591	1776	9	113	113	NUM
iiclr-17591	1776	10	-	-	SYM
iiclr-17591	1776	11	56	56	NUM
iiclr-17591	1776	12	(	(	PUNCT
iiclr-17591	1776	13	1992	1992	NUM
iiclr-17591	1776	14	)	)	PUNCT
iiclr-17591	1776	15	;	;	PUNCT
iiclr-17591	1776	16	preite	preite	ADJ
iiclr-17591	1776	17	,	,	PUNCT
iiclr-17591	1776	18	supra	supra	ADJ
iiclr-17591	1776	19	note	note	NOUN
iiclr-17591	1776	20	190	190	NUM
iiclr-17591	1776	21	,	,	PUNCT
iiclr-17591	1776	22	at	at	ADP
iiclr-17591	1776	23	477	477	NUM
iiclr-17591	1776	24	.	.	PUNCT
iiclr-17591	1777	1	214	214	NUM
iiclr-17591	1777	2	.	.	PUNCT
iiclr-17591	1778	1	art	art	NOUN
iiclr-17591	1778	2	.	.	PUNCT
iiclr-17591	1779	1	10(8	10(8	NUM
iiclr-17591	1779	2	)	)	PUNCT
iiclr-17591	1779	3	,	,	PUNCT
iiclr-17591	1779	4	law	law	NOUN
iiclr-17591	1779	5	of	of	ADP
iiclr-17591	1779	6	feb	feb	PROPN
iiclr-17591	1779	7	.	.	PROPN
iiclr-17591	1779	8	18	18	NUM
iiclr-17591	1779	9	,	,	PUNCT
iiclr-17591	1779	10	1992	1992	NUM
iiclr-17591	1779	11	,	,	PUNCT
iiclr-17591	1779	12	no	no	INTJ
iiclr-17591	1779	13	.	.	NOUN
iiclr-17591	1779	14	149	149	NUM
iiclr-17591	1779	15	,	,	PUNCT
iiclr-17591	1779	16	on	on	ADP
iiclr-17591	1779	17	tender	tender	ADJ
iiclr-17591	1779	18	offers	offer	NOUN
iiclr-17591	1779	19	.	.	PUNCT
iiclr-17591	1780	1	this	this	DET
iiclr-17591	1780	2	follow	follow	NOUN
iiclr-17591	1780	3	-	-	PUNCT
iiclr-17591	1780	4	up	up	NOUN
iiclr-17591	1780	5	,	,	PUNCT
iiclr-17591	1780	6	mandatory	mandatory	ADJ
iiclr-17591	1780	7	tender	tender	NOUN
iiclr-17591	1780	8	offer	offer	NOUN
iiclr-17591	1780	9	increases	increase	VERB
iiclr-17591	1780	10	the	the	DET
iiclr-17591	1780	11	cost	cost	NOUN
iiclr-17591	1780	12	of	of	ADP
iiclr-17591	1780	13	acquisitions	acquisition	NOUN
iiclr-17591	1780	14	,	,	PUNCT
iiclr-17591	1780	15	thus	thus	ADV
iiclr-17591	1780	16	creating	create	VERB
iiclr-17591	1780	17	an	an	DET
iiclr-17591	1780	18	obvious	obvious	ADJ
iiclr-17591	1780	19	obstacle	obstacle	NOUN
iiclr-17591	1780	20	to	to	ADP
iiclr-17591	1780	21	transfers	transfer	NOUN
iiclr-17591	1780	22	of	of	ADP
iiclr-17591	1780	23	control	control	NOUN
iiclr-17591	1780	24	that	that	PRON
iiclr-17591	1780	25	should	should	AUX
iiclr-17591	1780	26	be	be	AUX
iiclr-17591	1780	27	carefully	carefully	ADV
iiclr-17591	1780	28	weighed	weigh	VERB
iiclr-17591	1780	29	against	against	ADP
iiclr-17591	1780	30	the	the	DET
iiclr-17591	1780	31	benefits	benefit	NOUN
iiclr-17591	1780	32	of	of	ADP
iiclr-17591	1780	33	the	the	DET
iiclr-17591	1780	34	resulting	result	VERB
iiclr-17591	1780	35	deepening	deepening	NOUN
iiclr-17591	1780	36	of	of	ADP
iiclr-17591	1780	37	the	the	DET
iiclr-17591	1780	38	market	market	NOUN
iiclr-17591	1780	39	(	(	PUNCT
iiclr-17591	1780	40	see	see	VERB
iiclr-17591	1780	41	a	a	DET
iiclr-17591	1780	42	very	very	ADV
iiclr-17591	1780	43	questionable	questionable	ADJ
iiclr-17591	1780	44	interpretation	interpretation	NOUN
iiclr-17591	1780	45	of	of	ADP
iiclr-17591	1780	46	the	the	DET
iiclr-17591	1780	47	law	law	NOUN
iiclr-17591	1780	48	,	,	PUNCT
iiclr-17591	1780	49	given	give	VERB
iiclr-17591	1780	50	by	by	ADP
iiclr-17591	1780	51	consob	consob	NOUN
iiclr-17591	1780	52	in	in	ADP
iiclr-17591	1780	53	connection	connection	NOUN
iiclr-17591	1780	54	with	with	ADP
iiclr-17591	1780	55	the	the	DET
iiclr-17591	1780	56	privatization	privatization	NOUN
iiclr-17591	1780	57	of	of	ADP
iiclr-17591	1780	58	sme	sme	PROPN
iiclr-17591	1780	59	s.p.a	s.p.a	PROPN
iiclr-17591	1780	60	.	.	PROPN
iiclr-17591	1780	61	,	,	PUNCT
iiclr-17591	1780	62	in	in	ADP
iiclr-17591	1780	63	in	in	ADP
iiclr-17591	1780	64	arrivo	arrivo	PROPN
iiclr-17591	1780	65	il	il	PROPN
iiclr-17591	1780	66	st	st	PROPN
iiclr-17591	1780	67	della	della	PROPN
iiclr-17591	1780	68	consob	consob	PROPN
iiclr-17591	1780	69	sull'opa	sull'opa	PROPN
iiclr-17591	1780	70	sine	sine	NOUN
iiclr-17591	1780	71	,	,	PUNCT
iiclr-17591	1780	72	il	il	PROPN
iiclr-17591	1780	73	sole24	sole24	NOUN
iiclr-17591	1780	74	ore	ore	PROPN
iiclr-17591	1780	75	,	,	PUNCT
iiclr-17591	1780	76	feb	feb	PROPN
iiclr-17591	1780	77	.	.	PROPN
iiclr-17591	1780	78	7	7	NUM
iiclr-17591	1780	79	,	,	PUNCT
iiclr-17591	1780	80	1995	1995	NUM
iiclr-17591	1780	81	,	,	PUNCT
iiclr-17591	1780	82	at	at	ADP
iiclr-17591	1780	83	24	24	NUM
iiclr-17591	1780	84	,	,	PUNCT
iiclr-17591	1780	85	explicitly	explicitly	ADV
iiclr-17591	1780	86	justified	justify	VERB
iiclr-17591	1780	87	by	by	ADP
iiclr-17591	1780	88	the	the	DET
iiclr-17591	1780	89	need	need	NOUN
iiclr-17591	1780	90	to	to	PART
iiclr-17591	1780	91	reduce	reduce	VERB
iiclr-17591	1780	92	the	the	DET
iiclr-17591	1780	93	cost	cost	NOUN
iiclr-17591	1780	94	of	of	ADP
iiclr-17591	1780	95	transfer	transfer	NOUN
iiclr-17591	1780	96	of	of	ADP
iiclr-17591	1780	97	control	control	NOUN
iiclr-17591	1780	98	over	over	ADP
iiclr-17591	1780	99	the	the	DET
iiclr-17591	1780	100	company	company	NOUN
iiclr-17591	1780	101	)	)	PUNCT
iiclr-17591	1780	102	.	.	PUNCT
iiclr-17591	1781	1	any	any	DET
iiclr-17591	1781	2	assessment	assessment	NOUN
iiclr-17591	1781	3	of	of	ADP
iiclr-17591	1781	4	the	the	DET
iiclr-17591	1781	5	effects	effect	NOUN
iiclr-17591	1781	6	of	of	ADP
iiclr-17591	1781	7	this	this	DET
iiclr-17591	1781	8	provision	provision	NOUN
iiclr-17591	1781	9	is	be	AUX
iiclr-17591	1781	10	still	still	ADV
iiclr-17591	1781	11	premature	premature	ADJ
iiclr-17591	1781	12	,	,	PUNCT
iiclr-17591	1781	13	as	as	SCONJ
iiclr-17591	1781	14	significant	significant	ADJ
iiclr-17591	1781	15	changes	change	NOUN
iiclr-17591	1781	16	are	be	AUX
iiclr-17591	1781	17	being	be	AUX
iiclr-17591	1781	18	observed	observe	VERB
iiclr-17591	1781	19	from	from	ADP
iiclr-17591	1781	20	1992	1992	NUM
iiclr-17591	1781	21	-	-	SYM
iiclr-17591	1781	22	93	93	NUM
iiclr-17591	1781	23	to	to	ADP
iiclr-17591	1781	24	1994	1994	NUM
iiclr-17591	1781	25	-	-	SYM
iiclr-17591	1781	26	95	95	NUM
iiclr-17591	1781	27	.	.	PUNCT
iiclr-17591	1782	1	215	215	NUM
iiclr-17591	1782	2	.	.	PUNCT
iiclr-17591	1782	3	art	art	NOUN
iiclr-17591	1782	4	.	.	PUNCT
iiclr-17591	1783	1	10(9	10(9	NUM
iiclr-17591	1783	2	)	)	PUNCT
iiclr-17591	1783	3	,	,	PUNCT
iiclr-17591	1783	4	law	law	NOUN
iiclr-17591	1783	5	of	of	ADP
iiclr-17591	1783	6	feb	feb	PROPN
iiclr-17591	1783	7	.	.	PROPN
iiclr-17591	1783	8	18	18	NUM
iiclr-17591	1783	9	,	,	PUNCT
iiclr-17591	1783	10	1992	1992	NUM
iiclr-17591	1783	11	,	,	PUNCT
iiclr-17591	1783	12	no	no	INTJ
iiclr-17591	1783	13	.	.	NOUN
iiclr-17591	1783	14	149	149	NUM
iiclr-17591	1783	15	.	.	PUNCT
iiclr-17591	1784	1	the	the	DET
iiclr-17591	1784	2	level	level	NOUN
iiclr-17591	1784	3	of	of	ADP
iiclr-17591	1784	4	float	float	NOUN
iiclr-17591	1784	5	below	below	ADP
iiclr-17591	1784	6	which	which	PRON
iiclr-17591	1784	7	the	the	DET
iiclr-17591	1784	8	mandatory	mandatory	ADJ
iiclr-17591	1784	9	residual	residual	ADJ
iiclr-17591	1784	10	tender	tender	NOUN
iiclr-17591	1784	11	offer	offer	NOUN
iiclr-17591	1784	12	is	be	AUX
iiclr-17591	1784	13	triggered	trigger	VERB
iiclr-17591	1784	14	is	be	AUX
iiclr-17591	1784	15	generally	generally	ADV
iiclr-17591	1784	16	set	set	VERB
iiclr-17591	1784	17	at	at	ADP
iiclr-17591	1784	18	10	10	NUM
iiclr-17591	1784	19	percent	percent	NOUN
iiclr-17591	1784	20	,	,	PUNCT
iiclr-17591	1784	21	but	but	CCONJ
iiclr-17591	1784	22	can	can	AUX
iiclr-17591	1784	23	be	be	AUX
iiclr-17591	1784	24	reduced	reduce	VERB
iiclr-17591	1784	25	by	by	ADP
iiclr-17591	1784	26	the	the	DET
iiclr-17591	1784	27	consob	consob	NOUN
iiclr-17591	1784	28	on	on	ADP
iiclr-17591	1784	29	a	a	DET
iiclr-17591	1784	30	case	case	NOUN
iiclr-17591	1784	31	-	-	PUNCT
iiclr-17591	1784	32	by	by	ADP
iiclr-17591	1784	33	-	-	PUNCT
iiclr-17591	1784	34	case	case	NOUN
iiclr-17591	1784	35	basis	basis	NOUN
iiclr-17591	1784	36	.	.	PUNCT
iiclr-17591	1785	1	216	216	NUM
iiclr-17591	1785	2	.	.	X
iiclr-17591	1785	3	roe	roe	NOUN
iiclr-17591	1785	4	,	,	PUNCT
iiclr-17591	1785	5	supranote	supranote	VERB
iiclr-17591	1785	6	16	16	NUM
iiclr-17591	1785	7	.	.	PUNCT
iiclr-17591	1786	1	[	[	X
iiclr-17591	1786	2	vol	vol	NOUN
iiclr-17591	1786	3	.	.	PUNCT
iiclr-17591	1787	1	6:1	6:1	NUM
iiclr-17591	1787	2	corporate	corporate	ADJ
iiclr-17591	1787	3	governance	governance	NOUN
iiclr-17591	1787	4	in	in	ADP
iiclr-17591	1787	5	italy	italy	PROPN
iiclr-17591	1787	6	economies	economy	NOUN
iiclr-17591	1787	7	.	.	PUNCT
iiclr-17591	1787	8	"	"	PUNCT
iiclr-17591	1788	1	7	7	NUM
iiclr-17591	1788	2	they	they	PRON
iiclr-17591	1788	3	may	may	AUX
iiclr-17591	1788	4	be	be	AUX
iiclr-17591	1788	5	missing	miss	VERB
iiclr-17591	1788	6	an	an	DET
iiclr-17591	1788	7	alternative	alternative	NOUN
iiclr-17591	1788	8	:	:	PUNCT
iiclr-17591	1788	9	reducing	reduce	VERB
iiclr-17591	1788	10	agency	agency	NOUN
iiclr-17591	1788	11	costs	cost	NOUN
iiclr-17591	1788	12	by	by	ADP
iiclr-17591	1788	13	leaving	leave	VERB
iiclr-17591	1788	14	management	management	NOUN
iiclr-17591	1788	15	of	of	ADP
iiclr-17591	1788	16	firms	firm	NOUN
iiclr-17591	1788	17	to	to	PART
iiclr-17591	1788	18	directly	directly	ADV
iiclr-17591	1788	19	involved	involve	VERB
iiclr-17591	1788	20	shareholders	shareholder	NOUN
iiclr-17591	1788	21	who	who	PRON
iiclr-17591	1788	22	are	be	AUX
iiclr-17591	1788	23	not	not	PART
iiclr-17591	1788	24	monitored	monitor	VERB
iiclr-17591	1788	25	,	,	PUNCT
iiclr-17591	1788	26	but	but	CCONJ
iiclr-17591	1788	27	simply	simply	ADV
iiclr-17591	1788	28	restrained	restrain	VERB
iiclr-17591	1788	29	in	in	ADP
iiclr-17591	1788	30	their	their	PRON
iiclr-17591	1788	31	otherwise	otherwise	ADV
iiclr-17591	1788	32	absolute	absolute	ADJ
iiclr-17591	1788	33	freedom	freedom	NOUN
iiclr-17591	1788	34	by	by	ADP
iiclr-17591	1788	35	external	external	ADJ
iiclr-17591	1788	36	institutions	institution	NOUN
iiclr-17591	1788	37	such	such	ADJ
iiclr-17591	1788	38	as	as	ADP
iiclr-17591	1788	39	antitrust	antitrust	ADJ
iiclr-17591	1788	40	law	law	NOUN
iiclr-17591	1788	41	,	,	PUNCT
iiclr-17591	1788	42	specific	specific	ADJ
iiclr-17591	1788	43	antifraud	antifraud	NOUN
iiclr-17591	1788	44	provisions	provision	NOUN
iiclr-17591	1788	45	,	,	PUNCT
iiclr-17591	1788	46	etc	etc	X
iiclr-17591	1788	47	.	.	X
iiclr-17591	1788	48	this	this	DET
iiclr-17591	1788	49	possibility	possibility	NOUN
iiclr-17591	1788	50	may	may	AUX
iiclr-17591	1788	51	be	be	AUX
iiclr-17591	1788	52	too	too	ADV
iiclr-17591	1788	53	simplistically	simplistically	ADV
iiclr-17591	1788	54	stated	state	VERB
iiclr-17591	1788	55	,	,	PUNCT
iiclr-17591	1788	56	but	but	CCONJ
iiclr-17591	1788	57	at	at	ADP
iiclr-17591	1788	58	least	least	ADJ
iiclr-17591	1788	59	it	it	PRON
iiclr-17591	1788	60	is	be	AUX
iiclr-17591	1788	61	worth	worth	ADJ
iiclr-17591	1788	62	considering	consider	VERB
iiclr-17591	1788	63	.	.	PUNCT
iiclr-17591	1789	1	i	i	PRON
iiclr-17591	1789	2	do	do	AUX
iiclr-17591	1789	3	not	not	PART
iiclr-17591	1789	4	see	see	VERB
iiclr-17591	1789	5	,	,	PUNCT
iiclr-17591	1789	6	for	for	ADP
iiclr-17591	1789	7	instance	instance	NOUN
iiclr-17591	1789	8	,	,	PUNCT
iiclr-17591	1789	9	an	an	DET
iiclr-17591	1789	10	a	a	DET
iiclr-17591	1789	11	priori	priori	ADJ
iiclr-17591	1789	12	advantage	advantage	NOUN
iiclr-17591	1789	13	in	in	ADP
iiclr-17591	1789	14	fostering	foster	VERB
iiclr-17591	1789	15	the	the	DET
iiclr-17591	1789	16	creation	creation	NOUN
iiclr-17591	1789	17	of	of	ADP
iiclr-17591	1789	18	a	a	DET
iiclr-17591	1789	19	public	public	ADJ
iiclr-17591	1789	20	stock	stock	NOUN
iiclr-17591	1789	21	market	market	NOUN
iiclr-17591	1789	22	in	in	ADP
iiclr-17591	1789	23	economies	economy	NOUN
iiclr-17591	1789	24	that	that	PRON
iiclr-17591	1789	25	lack	lack	VERB
iiclr-17591	1789	26	a	a	DET
iiclr-17591	1789	27	market	market	NOUN
iiclr-17591	1789	28	culture	culture	NOUN
iiclr-17591	1789	29	,	,	PUNCT
iiclr-17591	1789	30	"	"	PUNCT
iiclr-17591	1789	31	or	or	CCONJ
iiclr-17591	1789	32	in	in	ADP
iiclr-17591	1789	33	committing	commit	VERB
iiclr-17591	1789	34	to	to	ADP
iiclr-17591	1789	35	newly	newly	ADV
iiclr-17591	1789	36	born	bear	VERB
iiclr-17591	1789	37	financial	financial	ADJ
iiclr-17591	1789	38	institutions	institution	NOUN
iiclr-17591	1789	39	a	a	DET
iiclr-17591	1789	40	monitoring	monitoring	NOUN
iiclr-17591	1789	41	function	function	NOUN
iiclr-17591	1789	42	that	that	PRON
iiclr-17591	1789	43	proves	prove	VERB
iiclr-17591	1789	44	to	to	PART
iiclr-17591	1789	45	be	be	AUX
iiclr-17591	1789	46	extremely	extremely	ADV
iiclr-17591	1789	47	difficult	difficult	ADJ
iiclr-17591	1789	48	even	even	ADV
iiclr-17591	1789	49	for	for	ADP
iiclr-17591	1789	50	mature	mature	ADJ
iiclr-17591	1789	51	financial	financial	ADJ
iiclr-17591	1789	52	institutions	institution	NOUN
iiclr-17591	1789	53	in	in	ADP
iiclr-17591	1789	54	mature	mature	ADJ
iiclr-17591	1789	55	economies	economy	NOUN
iiclr-17591	1789	56	.	.	PUNCT
iiclr-17591	1790	1	219	219	NUM
iiclr-17591	1790	2	as	as	ADP
iiclr-17591	1790	3	a	a	DET
iiclr-17591	1790	4	safer	safe	ADJ
iiclr-17591	1790	5	alternative	alternative	NOUN
iiclr-17591	1790	6	,	,	PUNCT
iiclr-17591	1790	7	i	i	PRON
iiclr-17591	1790	8	see	see	VERB
iiclr-17591	1790	9	fostering	foster	VERB
iiclr-17591	1790	10	entrepreneurial	entrepreneurial	ADJ
iiclr-17591	1790	11	culture	culture	NOUN
iiclr-17591	1790	12	and	and	CCONJ
iiclr-17591	1790	13	product	product	NOUN
iiclr-17591	1790	14	market	market	NOUN
iiclr-17591	1790	15	institutions	institution	NOUN
iiclr-17591	1790	16	at	at	ADP
iiclr-17591	1790	17	the	the	DET
iiclr-17591	1790	18	expense	expense	NOUN
iiclr-17591	1790	19	of	of	ADP
iiclr-17591	1790	20	a	a	DET
iiclr-17591	1790	21	growth	growth	NOUN
iiclr-17591	1790	22	in	in	ADP
iiclr-17591	1790	23	average	average	ADJ
iiclr-17591	1790	24	firm	firm	ADJ
iiclr-17591	1790	25	size	size	NOUN
iiclr-17591	1790	26	in	in	ADP
iiclr-17591	1790	27	the	the	DET
iiclr-17591	1790	28	short	short	ADJ
iiclr-17591	1790	29	run	run	NOUN
iiclr-17591	1790	30	,	,	PUNCT
iiclr-17591	1790	31	if	if	SCONJ
iiclr-17591	1790	32	necessary	necessary	ADJ
iiclr-17591	1790	33	.	.	PUNCT
iiclr-17591	1791	1	in	in	ADP
iiclr-17591	1791	2	other	other	ADJ
iiclr-17591	1791	3	words	word	NOUN
iiclr-17591	1791	4	,	,	PUNCT
iiclr-17591	1791	5	as	as	SCONJ
iiclr-17591	1791	6	entrepreneurs	entrepreneur	NOUN
iiclr-17591	1791	7	have	have	VERB
iiclr-17591	1791	8	a	a	DET
iiclr-17591	1791	9	spontaneous	spontaneous	ADJ
iiclr-17591	1791	10	incentive	incentive	NOUN
iiclr-17591	1791	11	to	to	PART
iiclr-17591	1791	12	perform	perform	VERB
iiclr-17591	1791	13	well	well	ADV
iiclr-17591	1791	14	,	,	PUNCT
iiclr-17591	1791	15	an	an	DET
iiclr-17591	1791	16	approach	approach	NOUN
iiclr-17591	1791	17	that	that	PRON
iiclr-17591	1791	18	privileges	privilege	VERB
iiclr-17591	1791	19	"	"	PUNCT
iiclr-17591	1791	20	buy	buy	VERB
iiclr-17591	1791	21	"	"	PUNCT
iiclr-17591	1791	22	over	over	ADP
iiclr-17591	1791	23	"	"	PUNCT
iiclr-17591	1791	24	make	make	NOUN
iiclr-17591	1791	25	"	"	PUNCT
iiclr-17591	1791	26	may	may	AUX
iiclr-17591	1791	27	be	be	AUX
iiclr-17591	1791	28	much	much	ADV
iiclr-17591	1791	29	more	more	ADJ
iiclr-17591	1791	30	self	self	NOUN
iiclr-17591	1791	31	-	-	PUNCT
iiclr-17591	1791	32	enforcing	enforce	VERB
iiclr-17591	1791	33	than	than	ADP
iiclr-17591	1791	34	one	one	NUM
iiclr-17591	1791	35	based	base	VERB
iiclr-17591	1791	36	on	on	ADP
iiclr-17591	1791	37	delicate	delicate	ADJ
iiclr-17591	1791	38	checks	check	NOUN
iiclr-17591	1791	39	and	and	CCONJ
iiclr-17591	1791	40	balances	balance	NOUN
iiclr-17591	1791	41	that	that	PRON
iiclr-17591	1791	42	require	require	VERB
iiclr-17591	1791	43	decades	decade	NOUN
iiclr-17591	1791	44	to	to	PART
iiclr-17591	1791	45	be	be	AUX
iiclr-17591	1791	46	built.220	built.220	PROPN
iiclr-17591	1791	47	italy	italy	PROPN
iiclr-17591	1791	48	is	be	AUX
iiclr-17591	1791	49	a	a	DET
iiclr-17591	1791	50	living	live	VERB
iiclr-17591	1791	51	demonstration	demonstration	NOUN
iiclr-17591	1791	52	that	that	PRON
iiclr-17591	1791	53	such	such	DET
iiclr-17591	1791	54	an	an	DET
iiclr-17591	1791	55	approach	approach	NOUN
iiclr-17591	1791	56	can	can	AUX
iiclr-17591	1791	57	work	work	VERB
iiclr-17591	1791	58	and	and	CCONJ
iiclr-17591	1791	59	be	be	AUX
iiclr-17591	1791	60	extremely	extremely	ADV
iiclr-17591	1791	61	beneficial	beneficial	ADJ
iiclr-17591	1791	62	.	.	PUNCT
iiclr-17591	1792	1	until	until	ADP
iiclr-17591	1792	2	very	very	ADV
iiclr-17591	1792	3	recently	recently	ADV
iiclr-17591	1792	4	,	,	PUNCT
iiclr-17591	1792	5	banks	bank	NOUN
iiclr-17591	1792	6	have	have	AUX
iiclr-17591	1792	7	not	not	PART
iiclr-17591	1792	8	been	be	AUX
iiclr-17591	1792	9	allowed	allow	VERB
iiclr-17591	1792	10	to	to	PART
iiclr-17591	1792	11	own	own	VERB
iiclr-17591	1792	12	stock	stock	NOUN
iiclr-17591	1792	13	,	,	PUNCT
iiclr-17591	1792	14	and	and	CCONJ
iiclr-17591	1792	15	even	even	ADV
iiclr-17591	1792	16	now	now	ADV
iiclr-17591	1792	17	they	they	PRON
iiclr-17591	1792	18	can	can	AUX
iiclr-17591	1792	19	not	not	PART
iiclr-17591	1792	20	control	control	VERB
iiclr-17591	1792	21	the	the	DET
iiclr-17591	1792	22	voting	voting	NOUN
iiclr-17591	1792	23	process	process	NOUN
iiclr-17591	1792	24	through	through	ADP
iiclr-17591	1792	25	proxies.22	proxies.22	NOUN
iiclr-17591	1792	26	'	'	PART
iiclr-17591	1792	27	other	other	ADJ
iiclr-17591	1792	28	institutional	institutional	ADJ
iiclr-17591	1792	29	investors	investor	NOUN
iiclr-17591	1792	30	are	be	AUX
iiclr-17591	1792	31	small	small	ADJ
iiclr-17591	1792	32	,	,	PUNCT
iiclr-17591	1792	33	or	or	CCONJ
iiclr-17591	1792	34	are	be	AUX
iiclr-17591	1792	35	not	not	PART
iiclr-17591	1792	36	otherwise	otherwise	ADV
iiclr-17591	1792	37	very	very	ADV
iiclr-17591	1792	38	influential	influential	ADJ
iiclr-17591	1792	39	.	.	PUNCT
iiclr-17591	1793	1	therefore	therefore	ADV
iiclr-17591	1793	2	,	,	PUNCT
iiclr-17591	1793	3	the	the	DET
iiclr-17591	1793	4	largest	large	ADJ
iiclr-17591	1793	5	part	part	NOUN
iiclr-17591	1793	6	of	of	ADP
iiclr-17591	1793	7	the	the	DET
iiclr-17591	1793	8	productive	productive	ADJ
iiclr-17591	1793	9	system	system	NOUN
iiclr-17591	1793	10	has	have	AUX
iiclr-17591	1793	11	been	be	AUX
iiclr-17591	1793	12	financed	finance	VERB
iiclr-17591	1793	13	almost	almost	ADV
iiclr-17591	1793	14	exclusively	exclusively	ADV
iiclr-17591	1793	15	through	through	ADP
iiclr-17591	1793	16	debt	debt	NOUN
iiclr-17591	1793	17	coming	come	VERB
iiclr-17591	1793	18	from	from	ADP
iiclr-17591	1793	19	banks	bank	NOUN
iiclr-17591	1793	20	abundantly	abundantly	ADV
iiclr-17591	1793	21	supplied	supply	VERB
iiclr-17591	1793	22	by	by	ADP
iiclr-17591	1793	23	large	large	ADJ
iiclr-17591	1793	24	household	household	NOUN
iiclr-17591	1793	25	savings	saving	NOUN
iiclr-17591	1793	26	.	.	PUNCT
iiclr-17591	1794	1	the	the	DET
iiclr-17591	1794	2	availability	availability	NOUN
iiclr-17591	1794	3	of	of	ADP
iiclr-17591	1794	4	alternative	alternative	ADJ
iiclr-17591	1794	5	sources	source	NOUN
iiclr-17591	1794	6	of	of	ADP
iiclr-17591	1794	7	financing	financing	NOUN
iiclr-17591	1794	8	,	,	PUNCT
iiclr-17591	1794	9	coupled	couple	VERB
iiclr-17591	1794	10	with	with	ADP
iiclr-17591	1794	11	other	other	ADJ
iiclr-17591	1794	12	causes	cause	NOUN
iiclr-17591	1794	13	previously	previously	ADV
iiclr-17591	1794	14	examined	examine	VERB
iiclr-17591	1794	15	,	,	PUNCT
iiclr-17591	1794	16	has	have	AUX
iiclr-17591	1794	17	rendered	render	VERB
iiclr-17591	1794	18	development	development	NOUN
iiclr-17591	1794	19	of	of	ADP
iiclr-17591	1794	20	a	a	DET
iiclr-17591	1794	21	large	large	ADJ
iiclr-17591	1794	22	stock	stock	NOUN
iiclr-17591	1794	23	market	market	NOUN
iiclr-17591	1794	24	less	less	ADV
iiclr-17591	1794	25	critical	critical	ADJ
iiclr-17591	1794	26	.	.	PUNCT
iiclr-17591	1795	1	this	this	PRON
iiclr-17591	1795	2	is	be	AUX
iiclr-17591	1795	3	not	not	PART
iiclr-17591	1795	4	necessarily	necessarily	ADV
iiclr-17591	1795	5	good	good	ADJ
iiclr-17591	1795	6	,	,	PUNCT
iiclr-17591	1795	7	but	but	CCONJ
iiclr-17591	1795	8	it	it	PRON
iiclr-17591	1795	9	shows	show	VERB
iiclr-17591	1795	10	that	that	SCONJ
iiclr-17591	1795	11	alternatives	alternative	NOUN
iiclr-17591	1795	12	to	to	ADP
iiclr-17591	1795	13	both	both	PRON
iiclr-17591	1795	14	stock	stock	NOUN
iiclr-17591	1795	15	market	market	NOUN
iiclr-17591	1795	16	and	and	CCONJ
iiclr-17591	1795	17	financial	financial	ADJ
iiclr-17591	1795	18	institution	institution	NOUN
iiclr-17591	1795	19	monitoring	monitoring	NOUN
iiclr-17591	1795	20	exists	exist	VERB
iiclr-17591	1795	21	,	,	PUNCT
iiclr-17591	1795	22	compelling	compelling	ADJ
iiclr-17591	1795	23	217	217	NUM
iiclr-17591	1795	24	.	.	PUNCT
iiclr-17591	1796	1	see	see	VERB
iiclr-17591	1796	2	a	a	DET
iiclr-17591	1796	3	description	description	NOUN
iiclr-17591	1796	4	of	of	ADP
iiclr-17591	1796	5	attempts	attempt	NOUN
iiclr-17591	1796	6	to	to	PART
iiclr-17591	1796	7	influence	influence	VERB
iiclr-17591	1796	8	eastern	eastern	ADJ
iiclr-17591	1796	9	european	european	ADJ
iiclr-17591	1796	10	countries	country	NOUN
iiclr-17591	1796	11	to	to	PART
iiclr-17591	1796	12	adopt	adopt	VERB
iiclr-17591	1796	13	either	either	CCONJ
iiclr-17591	1796	14	the	the	DET
iiclr-17591	1796	15	german	german	NOUN
iiclr-17591	1796	16	or	or	CCONJ
iiclr-17591	1796	17	the	the	DET
iiclr-17591	1796	18	american	american	ADJ
iiclr-17591	1796	19	model	model	NOUN
iiclr-17591	1796	20	in	in	ADP
iiclr-17591	1796	21	mark	mark	PROPN
iiclr-17591	1796	22	m.	m.	PROPN
iiclr-17591	1796	23	nelson	nelson	PROPN
iiclr-17591	1796	24	,	,	PUNCT
iiclr-17591	1796	25	two	two	NUM
iiclr-17591	1796	26	styles	style	NOUN
iiclr-17591	1796	27	of	of	ADP
iiclr-17591	1796	28	business	business	NOUN
iiclr-17591	1796	29	vie	vie	PROPN
iiclr-17591	1796	30	in	in	ADP
iiclr-17591	1796	31	east	east	PROPN
iiclr-17591	1796	32	europe	europe	PROPN
iiclr-17591	1796	33	,	,	PUNCT
iiclr-17591	1796	34	the	the	DET
iiclr-17591	1796	35	wall	wall	PROPN
iiclr-17591	1796	36	st	st	PROPN
iiclr-17591	1796	37	.	.	PROPN
iiclr-17591	1796	38	j.	j.	PROPN
iiclr-17591	1796	39	,	,	PUNCT
iiclr-17591	1796	40	apr	apr	PROPN
iiclr-17591	1796	41	.	.	PROPN
iiclr-17591	1796	42	3	3	NUM
iiclr-17591	1796	43	,	,	PUNCT
iiclr-17591	1796	44	1995	1995	NUM
iiclr-17591	1796	45	,	,	PUNCT
iiclr-17591	1796	46	at	at	ADP
iiclr-17591	1796	47	alo.218	alo.218	NOUN
iiclr-17591	1796	48	.	.	PUNCT
iiclr-17591	1797	1	which	which	PRON
iiclr-17591	1797	2	is	be	AUX
iiclr-17591	1797	3	the	the	DET
iiclr-17591	1797	4	underlying	underlying	ADJ
iiclr-17591	1797	5	motive	motive	NOUN
iiclr-17591	1797	6	of	of	ADP
iiclr-17591	1797	7	many	many	ADJ
iiclr-17591	1797	8	studies	study	NOUN
iiclr-17591	1797	9	on	on	ADP
iiclr-17591	1797	10	the	the	DET
iiclr-17591	1797	11	subject	subject	NOUN
iiclr-17591	1797	12	favoring	favor	VERB
iiclr-17591	1797	13	the	the	DET
iiclr-17591	1797	14	adoption	adoption	NOUN
iiclr-17591	1797	15	of	of	ADP
iiclr-17591	1797	16	rules	rule	NOUN
iiclr-17591	1797	17	that	that	PRON
iiclr-17591	1797	18	encourage	encourage	VERB
iiclr-17591	1797	19	monitoring	monitoring	NOUN
iiclr-17591	1797	20	by	by	ADP
iiclr-17591	1797	21	outside	outside	ADJ
iiclr-17591	1797	22	shareholders	shareholder	NOUN
iiclr-17591	1797	23	.	.	PUNCT
iiclr-17591	1798	1	experience	experience	NOUN
iiclr-17591	1798	2	shows	show	VERB
iiclr-17591	1798	3	that	that	SCONJ
iiclr-17591	1798	4	very	very	ADV
iiclr-17591	1798	5	rarely	rarely	ADV
iiclr-17591	1798	6	,	,	PUNCT
iiclr-17591	1798	7	even	even	ADV
iiclr-17591	1798	8	in	in	ADP
iiclr-17591	1798	9	mature	mature	ADJ
iiclr-17591	1798	10	economies	economy	NOUN
iiclr-17591	1798	11	,	,	PUNCT
iiclr-17591	1798	12	investors	investor	NOUN
iiclr-17591	1798	13	buy	buy	VERB
iiclr-17591	1798	14	large	large	ADJ
iiclr-17591	1798	15	stakes	stake	NOUN
iiclr-17591	1798	16	with	with	ADP
iiclr-17591	1798	17	external	external	ADJ
iiclr-17591	1798	18	monitoring	monitoring	NOUN
iiclr-17591	1798	19	as	as	ADP
iiclr-17591	1798	20	the	the	DET
iiclr-17591	1798	21	sole	sole	ADJ
iiclr-17591	1798	22	means	mean	NOUN
iiclr-17591	1798	23	ofprotecting	ofprotecte	VERB
iiclr-17591	1798	24	their	their	PRON
iiclr-17591	1798	25	interests	interest	NOUN
iiclr-17591	1798	26	;	;	PUNCT
iiclr-17591	1798	27	it	it	PRON
iiclr-17591	1798	28	is	be	AUX
iiclr-17591	1798	29	very	very	ADV
iiclr-17591	1798	30	unlikely	unlikely	ADJ
iiclr-17591	1798	31	that	that	SCONJ
iiclr-17591	1798	32	this	this	PRON
iiclr-17591	1798	33	could	could	AUX
iiclr-17591	1798	34	happen	happen	VERB
iiclr-17591	1798	35	in	in	ADP
iiclr-17591	1798	36	a	a	DET
iiclr-17591	1798	37	developing	develop	VERB
iiclr-17591	1798	38	economy	economy	NOUN
iiclr-17591	1798	39	,	,	PUNCT
iiclr-17591	1798	40	in	in	ADP
iiclr-17591	1798	41	which	which	PRON
iiclr-17591	1798	42	the	the	DET
iiclr-17591	1798	43	management	management	NOUN
iiclr-17591	1798	44	faces	face	VERB
iiclr-17591	1798	45	less	less	ADJ
iiclr-17591	1798	46	external	external	ADJ
iiclr-17591	1798	47	constraints	constraint	NOUN
iiclr-17591	1798	48	.	.	PUNCT
iiclr-17591	1799	1	219	219	NUM
iiclr-17591	1799	2	.	.	PUNCT
iiclr-17591	1800	1	in	in	ADP
iiclr-17591	1800	2	germany	germany	PROPN
iiclr-17591	1800	3	,	,	PUNCT
iiclr-17591	1800	4	the	the	DET
iiclr-17591	1800	5	case	case	NOUN
iiclr-17591	1800	6	of	of	ADP
iiclr-17591	1800	7	schneider	schneider	NOUN
iiclr-17591	1800	8	,	,	PUNCT
iiclr-17591	1800	9	supposedly	supposedly	ADV
iiclr-17591	1800	10	monitored	monitor	VERB
iiclr-17591	1800	11	by	by	ADP
iiclr-17591	1800	12	powerful	powerful	ADJ
iiclr-17591	1800	13	banks	bank	NOUN
iiclr-17591	1800	14	,	,	PUNCT
iiclr-17591	1800	15	and	and	CCONJ
iiclr-17591	1800	16	in	in	ADP
iiclr-17591	1800	17	france	france	PROPN
iiclr-17591	1800	18	the	the	DET
iiclr-17591	1800	19	repeated	repeat	VERB
iiclr-17591	1800	20	bailouts	bailout	NOUN
iiclr-17591	1800	21	of	of	ADP
iiclr-17591	1800	22	credit	credit	NOUN
iiclr-17591	1800	23	lyonnais	lyonnais	PROPN
iiclr-17591	1800	24	,	,	PUNCT
iiclr-17591	1800	25	crippled	cripple	VERB
iiclr-17591	1800	26	by	by	ADP
iiclr-17591	1800	27	an	an	DET
iiclr-17591	1800	28	overly	overly	ADV
iiclr-17591	1800	29	active	active	ADJ
iiclr-17591	1800	30	investment	investment	NOUN
iiclr-17591	1800	31	policy	policy	NOUN
iiclr-17591	1800	32	,	,	PUNCT
iiclr-17591	1800	33	while	while	SCONJ
iiclr-17591	1800	34	not	not	PART
iiclr-17591	1800	35	allowing	allow	VERB
iiclr-17591	1800	36	radical	radical	ADJ
iiclr-17591	1800	37	conclusions	conclusion	NOUN
iiclr-17591	1800	38	to	to	PART
iiclr-17591	1800	39	be	be	AUX
iiclr-17591	1800	40	drawn	draw	VERB
iiclr-17591	1800	41	as	as	ADP
iiclr-17591	1800	42	to	to	ADP
iiclr-17591	1800	43	the	the	DET
iiclr-17591	1800	44	alleged	allege	VERB
iiclr-17591	1800	45	ineffectiveness	ineffectiveness	NOUN
iiclr-17591	1800	46	of	of	ADP
iiclr-17591	1800	47	financial	financial	ADJ
iiclr-17591	1800	48	institution	institution	NOUN
iiclr-17591	1800	49	monitoring	monitoring	NOUN
iiclr-17591	1800	50	(	(	PUNCT
iiclr-17591	1800	51	which	which	PRON
iiclr-17591	1800	52	are	be	AUX
iiclr-17591	1800	53	instead	instead	ADV
iiclr-17591	1800	54	drawn	draw	VERB
iiclr-17591	1800	55	in	in	ADP
iiclr-17591	1800	56	after	after	ADP
iiclr-17591	1800	57	schneider	schneider	NOUN
iiclr-17591	1800	58	.	.	PUNCT
iiclr-17591	1801	1	germany	germany	PROPN
iiclr-17591	1801	2	should	should	AUX
iiclr-17591	1801	3	stop	stop	VERB
iiclr-17591	1801	4	pretending	pretend	VERB
iiclr-17591	1801	5	that	that	SCONJ
iiclr-17591	1801	6	its	its	PRON
iiclr-17591	1801	7	corporate	corporate	ADJ
iiclr-17591	1801	8	governance	governance	NOUN
iiclr-17591	1801	9	is	be	AUX
iiclr-17591	1801	10	working	work	VERB
iiclr-17591	1801	11	well	well	ADV
iiclr-17591	1801	12	,	,	PUNCT
iiclr-17591	1801	13	the	the	DET
iiclr-17591	1801	14	economist	economist	NOUN
iiclr-17591	1801	15	,	,	PUNCT
iiclr-17591	1801	16	apr	apr	PROPN
iiclr-17591	1801	17	.	.	PROPN
iiclr-17591	1801	18	16	16	NUM
iiclr-17591	1801	19	,	,	PUNCT
iiclr-17591	1801	20	1994	1994	NUM
iiclr-17591	1801	21	,	,	PUNCT
iiclr-17591	1801	22	at	at	ADP
iiclr-17591	1801	23	20	20	NUM
iiclr-17591	1801	24	)	)	PUNCT
iiclr-17591	1801	25	,	,	PUNCT
iiclr-17591	1801	26	at	at	ADP
iiclr-17591	1801	27	least	least	ADJ
iiclr-17591	1801	28	suggest	suggest	VERB
iiclr-17591	1801	29	that	that	SCONJ
iiclr-17591	1801	30	such	such	ADJ
iiclr-17591	1801	31	activity	activity	NOUN
iiclr-17591	1801	32	is	be	AUX
iiclr-17591	1801	33	particularly	particularly	ADV
iiclr-17591	1801	34	difficult	difficult	ADJ
iiclr-17591	1801	35	and	and	CCONJ
iiclr-17591	1801	36	,	,	PUNCT
iiclr-17591	1801	37	therefore	therefore	ADV
iiclr-17591	1801	38	,	,	PUNCT
iiclr-17591	1801	39	should	should	AUX
iiclr-17591	1801	40	not	not	PART
iiclr-17591	1801	41	be	be	AUX
iiclr-17591	1801	42	left	leave	VERB
iiclr-17591	1801	43	to	to	ADP
iiclr-17591	1801	44	less	less	ADJ
iiclr-17591	1801	45	than	than	ADP
iiclr-17591	1801	46	very	very	ADV
iiclr-17591	1801	47	experienced	experienced	ADJ
iiclr-17591	1801	48	financial	financial	ADJ
iiclr-17591	1801	49	institutions	institution	NOUN
iiclr-17591	1801	50	.	.	PUNCT
iiclr-17591	1802	1	220	220	NUM
iiclr-17591	1802	2	.	.	PUNCT
iiclr-17591	1803	1	the	the	DET
iiclr-17591	1803	2	debate	debate	NOUN
iiclr-17591	1803	3	over	over	ADP
iiclr-17591	1803	4	business	business	NOUN
iiclr-17591	1803	5	law	law	NOUN
iiclr-17591	1803	6	in	in	ADP
iiclr-17591	1803	7	russia	russia	PROPN
iiclr-17591	1803	8	and	and	CCONJ
iiclr-17591	1803	9	other	other	ADJ
iiclr-17591	1803	10	eastern	eastern	ADJ
iiclr-17591	1803	11	european	european	ADJ
iiclr-17591	1803	12	countries	country	NOUN
iiclr-17591	1803	13	seems	seem	VERB
iiclr-17591	1803	14	in	in	ADP
iiclr-17591	1803	15	certain	certain	ADJ
iiclr-17591	1803	16	cases	case	NOUN
iiclr-17591	1803	17	to	to	PART
iiclr-17591	1803	18	overlook	overlook	VERB
iiclr-17591	1803	19	the	the	DET
iiclr-17591	1803	20	intrinsic	intrinsic	ADJ
iiclr-17591	1803	21	difficulty	difficulty	NOUN
iiclr-17591	1803	22	of	of	ADP
iiclr-17591	1803	23	public	public	ADJ
iiclr-17591	1803	24	market	market	NOUN
iiclr-17591	1803	25	and	and	CCONJ
iiclr-17591	1803	26	institutional	institutional	ADJ
iiclr-17591	1803	27	monitoring	monitoring	NOUN
iiclr-17591	1803	28	and	and	CCONJ
iiclr-17591	1803	29	the	the	DET
iiclr-17591	1803	30	far	far	ADV
iiclr-17591	1803	31	from	from	ADP
iiclr-17591	1803	32	absolute	absolute	ADJ
iiclr-17591	1803	33	reliability	reliability	NOUN
iiclr-17591	1803	34	of	of	ADP
iiclr-17591	1803	35	financial	financial	ADJ
iiclr-17591	1803	36	institutions	institution	NOUN
iiclr-17591	1803	37	in	in	ADP
iiclr-17591	1803	38	emerging	emerge	VERB
iiclr-17591	1803	39	countries	country	NOUN
iiclr-17591	1803	40	.	.	PUNCT
iiclr-17591	1804	1	221	221	NUM
iiclr-17591	1804	2	.	.	PUNCT
iiclr-17591	1805	1	see	see	VERB
iiclr-17591	1805	2	supra	supra	PROPN
iiclr-17591	1805	3	note	note	PROPN
iiclr-17591	1805	4	186	186	NUM
iiclr-17591	1805	5	.	.	PUNCT
iiclr-17591	1806	1	1995	1995	NUM
iiclr-17591	1806	2	]	]	X
iiclr-17591	1806	3	ind	ind	NOUN
iiclr-17591	1806	4	.	.	PUNCT
iiclr-17591	1807	1	int'l	int'l	PROPN
iiclr-17591	1807	2	&	&	CCONJ
iiclr-17591	1807	3	comp	comp	PROPN
iiclr-17591	1807	4	.	.	PUNCT
iiclr-17591	1808	1	l	l	PROPN
iiclr-17591	1808	2	rev	rev	PROPN
iiclr-17591	1808	3	.	.	PUNCT
iiclr-17591	1809	1	scholars	scholar	NOUN
iiclr-17591	1809	2	to	to	PART
iiclr-17591	1809	3	consider	consider	VERB
iiclr-17591	1809	4	not	not	PART
iiclr-17591	1809	5	two	two	NUM
iiclr-17591	1809	6	(	(	PUNCT
iiclr-17591	1809	7	as	as	SCONJ
iiclr-17591	1809	8	they	they	PRON
iiclr-17591	1809	9	do	do	VERB
iiclr-17591	1809	10	now	now	ADV
iiclr-17591	1809	11	:	:	PUNCT
iiclr-17591	1809	12	supra	supra	PROPN
iiclr-17591	1809	13	note	note	NOUN
iiclr-17591	1809	14	1	1	NUM
iiclr-17591	1809	15	and	and	CCONJ
iiclr-17591	1809	16	related	relate	VERB
iiclr-17591	1809	17	text	text	NOUN
iiclr-17591	1809	18	)	)	PUNCT
iiclr-17591	1809	19	,	,	PUNCT
iiclr-17591	1809	20	but	but	CCONJ
iiclr-17591	1809	21	three	three	NUM
iiclr-17591	1809	22	alternative	alternative	ADJ
iiclr-17591	1809	23	models	model	NOUN
iiclr-17591	1809	24	of	of	ADP
iiclr-17591	1809	25	corporate	corporate	ADJ
iiclr-17591	1809	26	governance	governance	NOUN
iiclr-17591	1809	27	.	.	PUNCT
iiclr-17591	1810	1	the	the	DET
iiclr-17591	1810	2	italian	italian	ADJ
iiclr-17591	1810	3	industrial	industrial	ADJ
iiclr-17591	1810	4	system	system	NOUN
iiclr-17591	1810	5	has	have	AUX
iiclr-17591	1810	6	developed	develop	VERB
iiclr-17591	1810	7	on	on	ADP
iiclr-17591	1810	8	the	the	DET
iiclr-17591	1810	9	basis	basis	NOUN
iiclr-17591	1810	10	of	of	ADP
iiclr-17591	1810	11	an	an	DET
iiclr-17591	1810	12	almost	almost	ADV
iiclr-17591	1810	13	absolute	absolute	ADJ
iiclr-17591	1810	14	coincidence	coincidence	NOUN
iiclr-17591	1810	15	between	between	ADP
iiclr-17591	1810	16	ownership	ownership	NOUN
iiclr-17591	1810	17	and	and	CCONJ
iiclr-17591	1810	18	control	control	NOUN
iiclr-17591	1810	19	.	.	PUNCT
iiclr-17591	1811	1	equity	equity	NOUN
iiclr-17591	1811	2	is	be	AUX
iiclr-17591	1811	3	typically	typically	ADV
iiclr-17591	1811	4	in	in	ADP
iiclr-17591	1811	5	the	the	DET
iiclr-17591	1811	6	hands	hand	NOUN
iiclr-17591	1811	7	of	of	ADP
iiclr-17591	1811	8	directly	directly	ADV
iiclr-17591	1811	9	involved	involve	VERB
iiclr-17591	1811	10	shareholders	shareholder	NOUN
iiclr-17591	1811	11	,	,	PUNCT
iiclr-17591	1811	12	and	and	CCONJ
iiclr-17591	1811	13	the	the	DET
iiclr-17591	1811	14	remaining	remain	VERB
iiclr-17591	1811	15	part	part	NOUN
iiclr-17591	1811	16	of	of	ADP
iiclr-17591	1811	17	the	the	DET
iiclr-17591	1811	18	capital	capital	NOUN
iiclr-17591	1811	19	comes	come	VERB
iiclr-17591	1811	20	,	,	PUNCT
iiclr-17591	1811	21	as	as	ADP
iiclr-17591	1811	22	debt	debt	NOUN
iiclr-17591	1811	23	,	,	PUNCT
iiclr-17591	1811	24	from	from	ADP
iiclr-17591	1811	25	institutional	institutional	ADJ
iiclr-17591	1811	26	lenders	lender	NOUN
iiclr-17591	1811	27	.	.	PUNCT
iiclr-17591	1812	1	when	when	SCONJ
iiclr-17591	1812	2	the	the	DET
iiclr-17591	1812	3	growth	growth	NOUN
iiclr-17591	1812	4	of	of	ADP
iiclr-17591	1812	5	the	the	DET
iiclr-17591	1812	6	firm	firm	NOUN
iiclr-17591	1812	7	requires	require	VERB
iiclr-17591	1812	8	more	more	ADJ
iiclr-17591	1812	9	equity	equity	NOUN
iiclr-17591	1812	10	and	and	CCONJ
iiclr-17591	1812	11	endangers	endanger	VERB
iiclr-17591	1812	12	the	the	DET
iiclr-17591	1812	13	exercise	exercise	NOUN
iiclr-17591	1812	14	of	of	ADP
iiclr-17591	1812	15	control	control	NOUN
iiclr-17591	1812	16	,	,	PUNCT
iiclr-17591	1812	17	strategic	strategic	ADJ
iiclr-17591	1812	18	alliances	alliance	NOUN
iiclr-17591	1812	19	among	among	ADP
iiclr-17591	1812	20	large	large	ADJ
iiclr-17591	1812	21	shareholders	shareholder	NOUN
iiclr-17591	1812	22	tend	tend	VERB
iiclr-17591	1812	23	to	to	PART
iiclr-17591	1812	24	emerge	emerge	VERB
iiclr-17591	1812	25	.	.	PUNCT
iiclr-17591	1813	1	therefore	therefore	ADV
iiclr-17591	1813	2	,	,	PUNCT
iiclr-17591	1813	3	the	the	DET
iiclr-17591	1813	4	system	system	NOUN
iiclr-17591	1813	5	and	and	CCONJ
iiclr-17591	1813	6	its	its	PRON
iiclr-17591	1813	7	formal	formal	ADJ
iiclr-17591	1813	8	and	and	CCONJ
iiclr-17591	1813	9	informal	informal	ADJ
iiclr-17591	1813	10	institutions	institution	NOUN
iiclr-17591	1813	11	,	,	PUNCT
iiclr-17591	1813	12	rather	rather	ADV
iiclr-17591	1813	13	than	than	ADP
iiclr-17591	1813	14	allowing	allow	VERB
iiclr-17591	1813	15	management	management	NOUN
iiclr-17591	1813	16	to	to	PART
iiclr-17591	1813	17	remain	remain	VERB
iiclr-17591	1813	18	in	in	ADP
iiclr-17591	1813	19	control	control	NOUN
iiclr-17591	1813	20	,	,	PUNCT
iiclr-17591	1813	21	have	have	AUX
iiclr-17591	1813	22	allowed	allow	VERB
iiclr-17591	1813	23	owners	owner	NOUN
iiclr-17591	1813	24	-	-	PUNCT
iiclr-17591	1813	25	entrepreneurs	entrepreneur	NOUN
iiclr-17591	1813	26	to	to	PART
iiclr-17591	1813	27	remain	remain	VERB
iiclr-17591	1813	28	managers	manager	NOUN
iiclr-17591	1813	29	.	.	PUNCT
iiclr-17591	1814	1	2	2	NUM
iiclr-17591	1814	2	this	this	PRON
iiclr-17591	1814	3	seems	seem	VERB
iiclr-17591	1814	4	to	to	PART
iiclr-17591	1814	5	be	be	AUX
iiclr-17591	1814	6	the	the	DET
iiclr-17591	1814	7	italian	italian	ADJ
iiclr-17591	1814	8	path	path	NOUN
iiclr-17591	1814	9	.	.	PUNCT
iiclr-17591	1815	1	the	the	DET
iiclr-17591	1815	2	many	many	ADJ
iiclr-17591	1815	3	advantages	advantage	NOUN
iiclr-17591	1815	4	are	be	AUX
iiclr-17591	1815	5	obvious	obvious	ADJ
iiclr-17591	1815	6	,	,	PUNCT
iiclr-17591	1815	7	as	as	SCONJ
iiclr-17591	1815	8	are	be	AUX
iiclr-17591	1815	9	the	the	DET
iiclr-17591	1815	10	many	many	ADJ
iiclr-17591	1815	11	disadvantages	disadvantage	NOUN
iiclr-17591	1815	12	.	.	PUNCT
iiclr-17591	1816	1	although	although	SCONJ
iiclr-17591	1816	2	its	its	PRON
iiclr-17591	1816	3	governance	governance	NOUN
iiclr-17591	1816	4	model	model	NOUN
iiclr-17591	1816	5	can	can	AUX
iiclr-17591	1816	6	not	not	PART
iiclr-17591	1816	7	be	be	AUX
iiclr-17591	1816	8	suggested	suggest	VERB
iiclr-17591	1816	9	as	as	ADP
iiclr-17591	1816	10	suitable	suitable	ADJ
iiclr-17591	1816	11	for	for	ADP
iiclr-17591	1816	12	every	every	DET
iiclr-17591	1816	13	social	social	ADJ
iiclr-17591	1816	14	and	and	CCONJ
iiclr-17591	1816	15	economic	economic	ADJ
iiclr-17591	1816	16	environment	environment	NOUN
iiclr-17591	1816	17	,	,	PUNCT
iiclr-17591	1816	18	italy	italy	PROPN
iiclr-17591	1816	19	demonstrates	demonstrate	VERB
iiclr-17591	1816	20	that	that	SCONJ
iiclr-17591	1816	21	,	,	PUNCT
iiclr-17591	1816	22	absent	absent	ADJ
iiclr-17591	1816	23	institutional	institutional	ADJ
iiclr-17591	1816	24	investors	investor	NOUN
iiclr-17591	1816	25	and/or	and/or	CCONJ
iiclr-17591	1816	26	stock	stock	NOUN
iiclr-17591	1816	27	market	market	NOUN
iiclr-17591	1816	28	pressure	pressure	NOUN
iiclr-17591	1816	29	,	,	PUNCT
iiclr-17591	1816	30	other	other	ADJ
iiclr-17591	1816	31	"	"	PUNCT
iiclr-17591	1816	32	institutions	institution	NOUN
iiclr-17591	1816	33	"	"	PUNCT
iiclr-17591	1816	34	come	come	VERB
iiclr-17591	1816	35	into	into	ADP
iiclr-17591	1816	36	play	play	NOUN
iiclr-17591	1816	37	and	and	CCONJ
iiclr-17591	1816	38	keep	keep	VERB
iiclr-17591	1816	39	the	the	DET
iiclr-17591	1816	40	industrial	industrial	ADJ
iiclr-17591	1816	41	system	system	NOUN
iiclr-17591	1816	42	going	go	VERB
iiclr-17591	1816	43	.	.	PUNCT
iiclr-17591	1817	1	what	what	PRON
iiclr-17591	1817	2	instead	instead	ADV
iiclr-17591	1817	3	remains	remain	VERB
iiclr-17591	1817	4	to	to	PART
iiclr-17591	1817	5	be	be	AUX
iiclr-17591	1817	6	seen	see	VERB
iiclr-17591	1817	7	is	be	AUX
iiclr-17591	1817	8	what	what	PRON
iiclr-17591	1817	9	model	model	NOUN
iiclr-17591	1817	10	prevails	prevail	VERB
iiclr-17591	1817	11	absent	absent	ADJ
iiclr-17591	1817	12	regulatory	regulatory	ADJ
iiclr-17591	1817	13	constraints	constraint	NOUN
iiclr-17591	1817	14	.	.	PUNCT
iiclr-17591	1818	1	it	it	PRON
iiclr-17591	1818	2	has	have	AUX
iiclr-17591	1818	3	been	be	AUX
iiclr-17591	1818	4	well	well	ADV
iiclr-17591	1818	5	argued	argue	VERB
iiclr-17591	1818	6	that	that	SCONJ
iiclr-17591	1818	7	the	the	DET
iiclr-17591	1818	8	berle	berle	NOUN
iiclr-17591	1818	9	-	-	PUNCT
iiclr-17591	1818	10	means	mean	NOUN
iiclr-17591	1818	11	corporation	corporation	NOUN
iiclr-17591	1818	12	is	be	AUX
iiclr-17591	1818	13	the	the	DET
iiclr-17591	1818	14	product	product	NOUN
iiclr-17591	1818	15	of	of	ADP
iiclr-17591	1818	16	adaptation	adaptation	NOUN
iiclr-17591	1818	17	to	to	ADP
iiclr-17591	1818	18	regulatory	regulatory	ADJ
iiclr-17591	1818	19	constraints	constraint	NOUN
iiclr-17591	1818	20	.	.	PUNCT
iiclr-17591	1819	1	23	23	NUM
iiclr-17591	1819	2	instead	instead	ADV
iiclr-17591	1819	3	,	,	PUNCT
iiclr-17591	1819	4	we	we	PRON
iiclr-17591	1819	5	do	do	AUX
iiclr-17591	1819	6	not	not	PART
iiclr-17591	1819	7	know	know	VERB
iiclr-17591	1819	8	if	if	SCONJ
iiclr-17591	1819	9	the	the	DET
iiclr-17591	1819	10	italian	italian	ADJ
iiclr-17591	1819	11	corporation	corporation	NOUN
iiclr-17591	1819	12	is	be	AUX
iiclr-17591	1819	13	solely	solely	ADV
iiclr-17591	1819	14	the	the	DET
iiclr-17591	1819	15	product	product	NOUN
iiclr-17591	1819	16	of	of	ADP
iiclr-17591	1819	17	adaptation	adaptation	NOUN
iiclr-17591	1819	18	to	to	ADP
iiclr-17591	1819	19	other	other	ADJ
iiclr-17591	1819	20	constraints	constraint	NOUN
iiclr-17591	1819	21	,	,	PUNCT
iiclr-17591	1819	22	and	and	CCONJ
iiclr-17591	1819	23	particularly	particularly	ADV
iiclr-17591	1819	24	to	to	ADP
iiclr-17591	1819	25	the	the	DET
iiclr-17591	1819	26	constraints	constraint	NOUN
iiclr-17591	1819	27	on	on	ADP
iiclr-17591	1819	28	equity	equity	NOUN
iiclr-17591	1819	29	ownership	ownership	NOUN
iiclr-17591	1819	30	by	by	ADP
iiclr-17591	1819	31	banks	bank	NOUN
iiclr-17591	1819	32	.	.	PUNCT
iiclr-17591	1820	1	in	in	ADP
iiclr-17591	1820	2	other	other	ADJ
iiclr-17591	1820	3	words	word	NOUN
iiclr-17591	1820	4	,	,	PUNCT
iiclr-17591	1820	5	we	we	PRON
iiclr-17591	1820	6	do	do	AUX
iiclr-17591	1820	7	not	not	PART
iiclr-17591	1820	8	know	know	VERB
iiclr-17591	1820	9	if	if	SCONJ
iiclr-17591	1820	10	in	in	ADP
iiclr-17591	1820	11	the	the	DET
iiclr-17591	1820	12	united	united	PROPN
iiclr-17591	1820	13	states	states	PROPN
iiclr-17591	1820	14	a	a	DET
iiclr-17591	1820	15	large	large	ADJ
iiclr-17591	1820	16	availability	availability	NOUN
iiclr-17591	1820	17	of	of	ADP
iiclr-17591	1820	18	bank	bank	NOUN
iiclr-17591	1820	19	capital	capital	NOUN
iiclr-17591	1820	20	,	,	PUNCT
iiclr-17591	1820	21	24	24	NUM
iiclr-17591	1820	22	coupled	couple	VERB
iiclr-17591	1820	23	with	with	ADP
iiclr-17591	1820	24	glasssteagall	glasssteagall	PROPN
iiclr-17591	1820	25	limitations"z	limitations"z	NOUN
iiclr-17591	1820	26	but	but	CCONJ
iiclr-17591	1820	27	without	without	ADP
iiclr-17591	1820	28	any	any	DET
iiclr-17591	1820	29	restraint	restraint	NOUN
iiclr-17591	1820	30	on	on	ADP
iiclr-17591	1820	31	non	non	ADJ
iiclr-17591	1820	32	-	-	ADJ
iiclr-17591	1820	33	bank	bank	ADJ
iiclr-17591	1820	34	shareholders	shareholder	NOUN
iiclr-17591	1820	35	,	,	PUNCT
iiclr-17591	1820	36	would	would	AUX
iiclr-17591	1820	37	222	222	NUM
iiclr-17591	1820	38	.	.	PUNCT
iiclr-17591	1821	1	a	a	DET
iiclr-17591	1821	2	significant	significant	ADJ
iiclr-17591	1821	3	example	example	NOUN
iiclr-17591	1821	4	of	of	ADP
iiclr-17591	1821	5	tilted	tilt	VERB
iiclr-17591	1821	6	perspective	perspective	NOUN
iiclr-17591	1821	7	is	be	AUX
iiclr-17591	1821	8	the	the	DET
iiclr-17591	1821	9	otherwise	otherwise	ADV
iiclr-17591	1821	10	remarkable	remarkable	ADJ
iiclr-17591	1821	11	paper	paper	NOUN
iiclr-17591	1821	12	by	by	ADP
iiclr-17591	1821	13	randall	randall	PROPN
iiclr-17591	1821	14	morck	morck	PROPN
iiclr-17591	1821	15	et	et	PROPN
iiclr-17591	1821	16	al	al	PROPN
iiclr-17591	1821	17	.	.	PROPN
iiclr-17591	1821	18	,	,	PUNCT
iiclr-17591	1821	19	management	management	NOUN
iiclr-17591	1821	20	ownership	ownership	NOUN
iiclr-17591	1821	21	and	and	CCONJ
iiclr-17591	1821	22	market	market	NOUN
iiclr-17591	1821	23	valuation	valuation	NOUN
iiclr-17591	1821	24	,	,	PUNCT
iiclr-17591	1821	25	an	an	DET
iiclr-17591	1821	26	empirical	empirical	ADJ
iiclr-17591	1821	27	analysis	analysis	NOUN
iiclr-17591	1821	28	,	,	PUNCT
iiclr-17591	1821	29	20	20	NUM
iiclr-17591	1821	30	journal	journal	NOUN
iiclr-17591	1821	31	of	of	ADP
iiclr-17591	1821	32	financial	financial	ADJ
iiclr-17591	1821	33	economics	economic	NOUN
iiclr-17591	1821	34	293	293	NUM
iiclr-17591	1821	35	,	,	PUNCT
iiclr-17591	1821	36	297	297	NUM
iiclr-17591	1821	37	(	(	PUNCT
iiclr-17591	1821	38	1988	1988	NUM
iiclr-17591	1821	39	)	)	PUNCT
iiclr-17591	1821	40	.	.	PUNCT
iiclr-17591	1822	1	the	the	DET
iiclr-17591	1822	2	authors	author	NOUN
iiclr-17591	1822	3	,	,	PUNCT
iiclr-17591	1822	4	analyzing	analyze	VERB
iiclr-17591	1822	5	data	datum	NOUN
iiclr-17591	1822	6	on	on	ADP
iiclr-17591	1822	7	most	most	ADJ
iiclr-17591	1822	8	fortune	fortune	NOUN
iiclr-17591	1822	9	500	500	NUM
iiclr-17591	1822	10	firms	firm	NOUN
iiclr-17591	1822	11	and	and	CCONJ
iiclr-17591	1822	12	finding	find	VERB
iiclr-17591	1822	13	only	only	ADV
iiclr-17591	1822	14	14	14	NUM
iiclr-17591	1822	15	of	of	ADP
iiclr-17591	1822	16	them	they	PRON
iiclr-17591	1822	17	totally	totally	ADV
iiclr-17591	1822	18	management	management	NOUN
iiclr-17591	1822	19	-	-	PUNCT
iiclr-17591	1822	20	controlled	control	VERB
iiclr-17591	1822	21	,	,	PUNCT
iiclr-17591	1822	22	write	write	VERB
iiclr-17591	1822	23	:	:	PUNCT
iiclr-17591	1822	24	"	"	PUNCT
iiclr-17591	1822	25	these	these	DET
iiclr-17591	1822	26	results	result	NOUN
iiclr-17591	1822	27	also	also	ADV
iiclr-17591	1822	28	corroborate	corroborate	VERB
iiclr-17591	1822	29	the	the	DET
iiclr-17591	1822	30	hypothesis	hypothesis	NOUN
iiclr-17591	1822	31	...	...	PUNCT
iiclr-17591	1822	32	that	that	SCONJ
iiclr-17591	1822	33	firms	firm	NOUN
iiclr-17591	1822	34	in	in	ADP
iiclr-17591	1822	35	which	which	PRON
iiclr-17591	1822	36	management	management	NOUN
iiclr-17591	1822	37	owns	own	VERB
iiclr-17591	1822	38	over	over	ADP
iiclr-17591	1822	39	50	50	NUM
iiclr-17591	1822	40	%	%	NOUN
iiclr-17591	1822	41	of	of	ADP
iiclr-17591	1822	42	the	the	DET
iiclr-17591	1822	43	equity	equity	NOUN
iiclr-17591	1822	44	(	(	PUNCT
iiclr-17591	1822	45	and	and	CCONJ
iiclr-17591	1822	46	thus	thus	ADV
iiclr-17591	1822	47	has	have	VERB
iiclr-17591	1822	48	complete	complete	ADJ
iiclr-17591	1822	49	control	control	NOUN
iiclr-17591	1822	50	)	)	PUNCT
iiclr-17591	1822	51	should	should	AUX
iiclr-17591	1822	52	have	have	AUX
iiclr-17591	1822	53	a	a	DET
iiclr-17591	1822	54	hard	hard	ADJ
iiclr-17591	1822	55	time	time	NOUN
iiclr-17591	1822	56	surviving	survive	VERB
iiclr-17591	1822	57	as	as	ADP
iiclr-17591	1822	58	organizations	organization	NOUN
iiclr-17591	1822	59	.	.	PUNCT
iiclr-17591	1822	60	"	"	PUNCT
iiclr-17591	1823	1	this	this	DET
iiclr-17591	1823	2	statement	statement	NOUN
iiclr-17591	1823	3	seems	seem	VERB
iiclr-17591	1823	4	affected	affect	VERB
iiclr-17591	1823	5	by	by	ADP
iiclr-17591	1823	6	a	a	DET
iiclr-17591	1823	7	logical	logical	ADJ
iiclr-17591	1823	8	flaw	flaw	NOUN
iiclr-17591	1823	9	.	.	PUNCT
iiclr-17591	1824	1	the	the	DET
iiclr-17591	1824	2	fact	fact	NOUN
iiclr-17591	1824	3	that	that	SCONJ
iiclr-17591	1824	4	few	few	ADJ
iiclr-17591	1824	5	fortune	fortune	NOUN
iiclr-17591	1824	6	500	500	NUM
iiclr-17591	1824	7	firms	firm	NOUN
iiclr-17591	1824	8	are	be	AUX
iiclr-17591	1824	9	totally	totally	ADV
iiclr-17591	1824	10	management	management	NOUN
iiclr-17591	1824	11	-	-	PUNCT
iiclr-17591	1824	12	controlled	control	VERB
iiclr-17591	1824	13	supports	support	NOUN
iiclr-17591	1824	14	only	only	ADV
iiclr-17591	1824	15	the	the	DET
iiclr-17591	1824	16	proposition	proposition	NOUN
iiclr-17591	1824	17	that	that	SCONJ
iiclr-17591	1824	18	it	it	PRON
iiclr-17591	1824	19	is	be	AUX
iiclr-17591	1824	20	problematic	problematic	ADJ
iiclr-17591	1824	21	to	to	PART
iiclr-17591	1824	22	reach	reach	VERB
iiclr-17591	1824	23	a	a	DET
iiclr-17591	1824	24	very	very	ADV
iiclr-17591	1824	25	large	large	ADJ
iiclr-17591	1824	26	size	size	NOUN
iiclr-17591	1824	27	while	while	SCONJ
iiclr-17591	1824	28	at	at	ADP
iiclr-17591	1824	29	the	the	DET
iiclr-17591	1824	30	same	same	ADJ
iiclr-17591	1824	31	time	time	NOUN
iiclr-17591	1824	32	retaining	retain	VERB
iiclr-17591	1824	33	complete	complete	ADJ
iiclr-17591	1824	34	control	control	NOUN
iiclr-17591	1824	35	,	,	PUNCT
iiclr-17591	1824	36	and	and	CCONJ
iiclr-17591	1824	37	does	do	AUX
iiclr-17591	1824	38	not	not	PART
iiclr-17591	1824	39	support	support	VERB
iiclr-17591	1824	40	the	the	DET
iiclr-17591	1824	41	proposition	proposition	NOUN
iiclr-17591	1824	42	that	that	PRON
iiclr-17591	1824	43	totally	totally	ADV
iiclr-17591	1824	44	management	management	NOUN
iiclr-17591	1824	45	-	-	PUNCT
iiclr-17591	1824	46	controlled	control	VERB
iiclr-17591	1824	47	firms	firm	NOUN
iiclr-17591	1824	48	do	do	AUX
iiclr-17591	1824	49	not	not	PART
iiclr-17591	1824	50	grow	grow	VERB
iiclr-17591	1824	51	or	or	CCONJ
iiclr-17591	1824	52	do	do	AUX
iiclr-17591	1824	53	not	not	PART
iiclr-17591	1824	54	survive	survive	VERB
iiclr-17591	1824	55	.	.	PUNCT
iiclr-17591	1825	1	the	the	DET
iiclr-17591	1825	2	quoted	quote	VERB
iiclr-17591	1825	3	statement	statement	NOUN
iiclr-17591	1825	4	could	could	AUX
iiclr-17591	1825	5	be	be	AUX
iiclr-17591	1825	6	logically	logically	ADV
iiclr-17591	1825	7	translated	translate	VERB
iiclr-17591	1825	8	in	in	ADP
iiclr-17591	1825	9	the	the	DET
iiclr-17591	1825	10	following	follow	VERB
iiclr-17591	1825	11	hypothetical	hypothetical	ADJ
iiclr-17591	1825	12	report	report	NOUN
iiclr-17591	1825	13	of	of	ADP
iiclr-17591	1825	14	an	an	DET
iiclr-17591	1825	15	extra	extra	ADJ
iiclr-17591	1825	16	terrestrial	terrestrial	NOUN
iiclr-17591	1825	17	for	for	ADP
iiclr-17591	1825	18	his	his	PRON
iiclr-17591	1825	19	or	or	CCONJ
iiclr-17591	1825	20	her	her	PRON
iiclr-17591	1825	21	home	home	NOUN
iiclr-17591	1825	22	planet	planet	NOUN
iiclr-17591	1825	23	:	:	PUNCT
iiclr-17591	1825	24	"	"	PUNCT
iiclr-17591	1825	25	humans	human	NOUN
iiclr-17591	1825	26	can	can	AUX
iiclr-17591	1825	27	be	be	AUX
iiclr-17591	1825	28	short	short	ADJ
iiclr-17591	1825	29	or	or	CCONJ
iiclr-17591	1825	30	tall	tall	ADJ
iiclr-17591	1825	31	.	.	PUNCT
iiclr-17591	1826	1	as	as	ADP
iiclr-17591	1826	2	few	few	ADJ
iiclr-17591	1826	3	humans	human	NOUN
iiclr-17591	1826	4	shorter	short	ADJ
iiclr-17591	1826	5	than	than	SCONJ
iiclr-17591	1826	6	four	four	NUM
iiclr-17591	1826	7	feet	foot	NOUN
iiclr-17591	1826	8	are	be	AUX
iiclr-17591	1826	9	older	old	ADJ
iiclr-17591	1826	10	than	than	ADP
iiclr-17591	1826	11	twenty	twenty	NUM
iiclr-17591	1826	12	,	,	PUNCT
iiclr-17591	1826	13	it	it	PRON
iiclr-17591	1826	14	follows	follow	VERB
iiclr-17591	1826	15	that	that	SCONJ
iiclr-17591	1826	16	short	short	ADJ
iiclr-17591	1826	17	humans	human	NOUN
iiclr-17591	1826	18	usually	usually	ADV
iiclr-17591	1826	19	die	die	VERB
iiclr-17591	1826	20	before	before	ADP
iiclr-17591	1826	21	reaching	reach	VERB
iiclr-17591	1826	22	the	the	DET
iiclr-17591	1826	23	age	age	NOUN
iiclr-17591	1826	24	of	of	ADP
iiclr-17591	1826	25	twenty	twenty	NUM
iiclr-17591	1826	26	.	.	PUNCT
iiclr-17591	1826	27	"	"	PUNCT
iiclr-17591	1827	1	(	(	PUNCT
iiclr-17591	1827	2	see	see	VERB
iiclr-17591	1827	3	infra	infra	NOUN
iiclr-17591	1827	4	note	note	VERB
iiclr-17591	1827	5	239	239	NUM
iiclr-17591	1827	6	,	,	PUNCT
iiclr-17591	1827	7	for	for	ADP
iiclr-17591	1827	8	an	an	DET
iiclr-17591	1827	9	analysis	analysis	NOUN
iiclr-17591	1827	10	of	of	ADP
iiclr-17591	1827	11	this	this	DET
iiclr-17591	1827	12	paper	paper	NOUN
iiclr-17591	1827	13	.	.	PUNCT
iiclr-17591	1827	14	)	)	PUNCT
iiclr-17591	1828	1	223	223	NUM
iiclr-17591	1828	2	.	.	PUNCT
iiclr-17591	1829	1	roe	roe	NOUN
iiclr-17591	1829	2	,	,	PUNCT
iiclr-17591	1829	3	supranote	supranote	VERB
iiclr-17591	1829	4	16	16	NUM
iiclr-17591	1829	5	.	.	PUNCT
iiclr-17591	1830	1	224	224	NUM
iiclr-17591	1830	2	.	.	PUNCT
iiclr-17591	1831	1	i	i	PRON
iiclr-17591	1831	2	d.	d.	PROPN
iiclr-17591	1831	3	at	at	ADP
iiclr-17591	1831	4	54	54	NUM
iiclr-17591	1831	5	-	-	SYM
iiclr-17591	1831	6	59	59	NUM
iiclr-17591	1831	7	,	,	PUNCT
iiclr-17591	1831	8	points	point	VERB
iiclr-17591	1831	9	out	out	ADP
iiclr-17591	1831	10	that	that	SCONJ
iiclr-17591	1831	11	the	the	DET
iiclr-17591	1831	12	deliberately	deliberately	ADV
iiclr-17591	1831	13	fragmented	fragmented	ADJ
iiclr-17591	1831	14	banking	banking	NOUN
iiclr-17591	1831	15	system	system	NOUN
iiclr-17591	1831	16	was	be	AUX
iiclr-17591	1831	17	"	"	PUNCT
iiclr-17591	1831	18	incapable	incapable	ADJ
iiclr-17591	1831	19	of	of	ADP
iiclr-17591	1831	20	easily	easily	ADV
iiclr-17591	1831	21	financing	finance	VERB
iiclr-17591	1831	22	the	the	DET
iiclr-17591	1831	23	new	new	ADJ
iiclr-17591	1831	24	large	large	ADJ
iiclr-17591	1831	25	scale	scale	NOUN
iiclr-17591	1831	26	industry	industry	NOUN
iiclr-17591	1831	27	"	"	PUNCT
iiclr-17591	1831	28	:	:	PUNCT
iiclr-17591	1831	29	"	"	PUNCT
iiclr-17591	1831	30	[	[	X
iiclr-17591	1831	31	t]hose	t]hose	ADP
iiclr-17591	1831	32	financing	finance	VERB
iiclr-17591	1831	33	the	the	DET
iiclr-17591	1831	34	new	new	ADJ
iiclr-17591	1831	35	large	large	ADJ
iiclr-17591	1831	36	enterprises	enterprise	NOUN
iiclr-17591	1831	37	ninety	ninety	NUM
iiclr-17591	1831	38	or	or	CCONJ
iiclr-17591	1831	39	a	a	DET
iiclr-17591	1831	40	hundred	hundred	NUM
iiclr-17591	1831	41	years	year	NOUN
iiclr-17591	1831	42	ago	ago	ADV
iiclr-17591	1831	43	could	could	AUX
iiclr-17591	1831	44	not	not	PART
iiclr-17591	1831	45	go	go	VERB
iiclr-17591	1831	46	to	to	ADP
iiclr-17591	1831	47	a	a	DET
iiclr-17591	1831	48	big	big	ADJ
iiclr-17591	1831	49	bank	bank	NOUN
iiclr-17591	1831	50	for	for	ADP
iiclr-17591	1831	51	one	one	NUM
iiclr-17591	1831	52	-	-	PUNCT
iiclr-17591	1831	53	stop	stop	NOUN
iiclr-17591	1831	54	shopping	shopping	NOUN
iiclr-17591	1831	55	.	.	PUNCT
iiclr-17591	1832	1	no	no	DET
iiclr-17591	1832	2	single	single	ADJ
iiclr-17591	1832	3	bank	bank	NOUN
iiclr-17591	1832	4	was	be	AUX
iiclr-17591	1832	5	capable	capable	ADJ
iiclr-17591	1832	6	of	of	ADP
iiclr-17591	1832	7	providing	provide	VERB
iiclr-17591	1832	8	the	the	DET
iiclr-17591	1832	9	necessary	necessary	ADJ
iiclr-17591	1832	10	financing	financing	NOUN
iiclr-17591	1832	11	.	.	PUNCT
iiclr-17591	1832	12	"	"	PUNCT
iiclr-17591	1833	1	225	225	NUM
iiclr-17591	1833	2	.	.	PUNCT
iiclr-17591	1834	1	on	on	ADP
iiclr-17591	1834	2	the	the	DET
iiclr-17591	1834	3	prohibition	prohibition	NOUN
iiclr-17591	1834	4	against	against	ADP
iiclr-17591	1834	5	bank	bank	PROPN
iiclr-17591	1834	6	equity	equity	NOUN
iiclr-17591	1834	7	ownership	ownership	NOUN
iiclr-17591	1834	8	,	,	PUNCT
iiclr-17591	1834	9	embedded	embed	VERB
iiclr-17591	1834	10	in	in	ADP
iiclr-17591	1834	11	the	the	DET
iiclr-17591	1834	12	glass	glass	NOUN
iiclr-17591	1834	13	-	-	PUNCT
iiclr-17591	1834	14	steagall	steagall	NOUN
iiclr-17591	1834	15	act	act	NOUN
iiclr-17591	1834	16	and	and	CCONJ
iiclr-17591	1834	17	in	in	ADP
iiclr-17591	1834	18	other	other	ADJ
iiclr-17591	1834	19	previously	previously	ADV
iiclr-17591	1834	20	enacted	enact	VERB
iiclr-17591	1834	21	sections	section	NOUN
iiclr-17591	1834	22	of	of	ADP
iiclr-17591	1834	23	the	the	DET
iiclr-17591	1834	24	national	national	PROPN
iiclr-17591	1834	25	bank	bank	PROPN
iiclr-17591	1834	26	act	act	PROPN
iiclr-17591	1834	27	,	,	PUNCT
iiclr-17591	1834	28	and	and	CCONJ
iiclr-17591	1834	29	in	in	ADP
iiclr-17591	1834	30	general	general	ADJ
iiclr-17591	1834	31	on	on	ADP
iiclr-17591	1834	32	the	the	DET
iiclr-17591	1834	33	deliberate	deliberate	ADJ
iiclr-17591	1834	34	regulatory	regulatory	ADJ
iiclr-17591	1834	35	efforts	effort	NOUN
iiclr-17591	1834	36	to	to	PART
iiclr-17591	1834	37	weaken	weaken	VERB
iiclr-17591	1834	38	american	american	ADJ
iiclr-17591	1834	39	banks	bank	NOUN
iiclr-17591	1834	40	and	and	CCONJ
iiclr-17591	1834	41	financial	financial	ADJ
iiclr-17591	1834	42	institutions	institution	NOUN
iiclr-17591	1834	43	,	,	PUNCT
iiclr-17591	1834	44	see	see	VERB
iiclr-17591	1834	45	roe	roe	NOUN
iiclr-17591	1834	46	,	,	PUNCT
iiclr-17591	1834	47	supra	supra	PROPN
iiclr-17591	1834	48	note	note	PROPN
iiclr-17591	1834	49	16	16	NUM
iiclr-17591	1834	50	,	,	PUNCT
iiclr-17591	1834	51	at	at	ADP
iiclr-17591	1834	52	26	26	NUM
iiclr-17591	1834	53	-	-	SYM
iiclr-17591	1834	54	49	49	NUM
iiclr-17591	1834	55	and	and	CCONJ
iiclr-17591	1834	56	94	94	NUM
iiclr-17591	1834	57	-	-	SYM
iiclr-17591	1834	58	101	101	NUM
iiclr-17591	1834	59	.	.	PUNCT
iiclr-17591	1835	1	the	the	DET
iiclr-17591	1835	2	trend	trend	NOUN
iiclr-17591	1835	3	is	be	AUX
iiclr-17591	1835	4	now	now	ADV
iiclr-17591	1835	5	reversing	reverse	VERB
iiclr-17591	1835	6	,	,	PUNCT
iiclr-17591	1835	7	as	as	SCONJ
iiclr-17591	1835	8	a	a	DET
iiclr-17591	1835	9	wave	wave	NOUN
iiclr-17591	1835	10	of	of	ADP
iiclr-17591	1835	11	bank	bank	NOUN
iiclr-17591	1835	12	mergers	merger	NOUN
iiclr-17591	1835	13	in	in	ADP
iiclr-17591	1835	14	1995	1995	NUM
iiclr-17591	1835	15	testifies	testify	VERB
iiclr-17591	1835	16	,	,	PUNCT
iiclr-17591	1835	17	and	and	CCONJ
iiclr-17591	1835	18	the	the	DET
iiclr-17591	1835	19	recent	recent	ADJ
iiclr-17591	1835	20	case	case	NOUN
iiclr-17591	1835	21	nationsbank	nationsbank	NOUN
iiclr-17591	1835	22	of	of	ADP
iiclr-17591	1835	23	north	north	PROPN
iiclr-17591	1835	24	carolina	carolina	PROPN
iiclr-17591	1835	25	n.a	n.a	PROPN
iiclr-17591	1835	26	.	.	PROPN
iiclr-17591	1836	1	v.	v.	ADP
iiclr-17591	1836	2	variable	variable	ADJ
iiclr-17591	1836	3	annuity	annuity	NOUN
iiclr-17591	1836	4	life	life	NOUN
iiclr-17591	1837	1	[	[	X
iiclr-17591	1837	2	vol	vol	NOUN
iiclr-17591	1837	3	.	.	PUNCT
iiclr-17591	1838	1	6:1	6:1	NUM
iiclr-17591	1838	2	corporate	corporate	ADJ
iiclr-17591	1838	3	governance	governance	NOUN
iiclr-17591	1838	4	in	in	ADP
iiclr-17591	1838	5	italy	italy	PROPN
iiclr-17591	1838	6	have	have	AUX
iiclr-17591	1838	7	produced	produce	VERB
iiclr-17591	1838	8	an	an	DET
iiclr-17591	1838	9	italian	italian	ADJ
iiclr-17591	1838	10	-	-	PUNCT
iiclr-17591	1838	11	style	style	NOUN
iiclr-17591	1838	12	governance	governance	NOUN
iiclr-17591	1838	13	model	model	NOUN
iiclr-17591	1838	14	instead	instead	ADV
iiclr-17591	1838	15	of	of	ADP
iiclr-17591	1838	16	creating	create	VERB
iiclr-17591	1838	17	a	a	DET
iiclr-17591	1838	18	mass	mass	ADJ
iiclr-17591	1838	19	stock	stock	NOUN
iiclr-17591	1838	20	market	market	NOUN
iiclr-17591	1838	21	.	.	PUNCT
iiclr-17591	1839	1	nor	nor	CCONJ
iiclr-17591	1839	2	do	do	AUX
iiclr-17591	1839	3	we	we	PRON
iiclr-17591	1839	4	know	know	VERB
iiclr-17591	1839	5	if	if	SCONJ
iiclr-17591	1839	6	in	in	ADP
iiclr-17591	1839	7	italy	italy	PROPN
iiclr-17591	1839	8	,	,	PUNCT
iiclr-17591	1839	9	absent	absent	VERB
iiclr-17591	1839	10	the	the	DET
iiclr-17591	1839	11	glass	glass	NOUN
iiclr-17591	1839	12	-	-	PUNCT
iiclr-17591	1839	13	steagall	steagall	NOUN
iiclr-17591	1839	14	-	-	PUNCT
iiclr-17591	1839	15	like	like	ADJ
iiclr-17591	1839	16	barriers	barrier	NOUN
iiclr-17591	1839	17	erected	erect	VERB
iiclr-17591	1839	18	after	after	ADP
iiclr-17591	1839	19	the	the	DET
iiclr-17591	1839	20	collapse	collapse	NOUN
iiclr-17591	1839	21	of	of	ADP
iiclr-17591	1839	22	the	the	DET
iiclr-17591	1839	23	'	'	NOUN
iiclr-17591	1839	24	30s	30	NOUN
iiclr-17591	1839	25	,	,	PUNCT
iiclr-17591	1839	26	banks	bank	NOUN
iiclr-17591	1839	27	would	would	AUX
iiclr-17591	1839	28	have	have	AUX
iiclr-17591	1839	29	directed	direct	VERB
iiclr-17591	1839	30	capital	capital	NOUN
iiclr-17591	1839	31	also	also	ADV
iiclr-17591	1839	32	to	to	PART
iiclr-17591	1839	33	germanstyle	germanstyle	VERB
iiclr-17591	1839	34	large	large	ADJ
iiclr-17591	1839	35	equity	equity	NOUN
iiclr-17591	1839	36	stakes	stake	NOUN
iiclr-17591	1839	37	instead	instead	ADV
iiclr-17591	1839	38	of	of	ADP
iiclr-17591	1839	39	advancing	advance	VERB
iiclr-17591	1839	40	capital	capital	NOUN
iiclr-17591	1839	41	only	only	ADV
iiclr-17591	1839	42	as	as	SCONJ
iiclr-17591	1839	43	loans.226	loans.226	NOUN
iiclr-17591	1839	44	if	if	SCONJ
iiclr-17591	1839	45	there	there	PRON
iiclr-17591	1839	46	is	be	VERB
iiclr-17591	1839	47	uncertainty	uncertainty	NOUN
iiclr-17591	1839	48	as	as	ADP
iiclr-17591	1839	49	to	to	ADP
iiclr-17591	1839	50	what	what	PRON
iiclr-17591	1839	51	the	the	DET
iiclr-17591	1839	52	optimal	optimal	ADJ
iiclr-17591	1839	53	model	model	NOUN
iiclr-17591	1839	54	is	be	AUX
iiclr-17591	1839	55	,	,	PUNCT
iiclr-17591	1839	56	there	there	PRON
iiclr-17591	1839	57	is	be	VERB
iiclr-17591	1839	58	none	none	NOUN
iiclr-17591	1839	59	as	as	ADP
iiclr-17591	1839	60	to	to	ADP
iiclr-17591	1839	61	the	the	DET
iiclr-17591	1839	62	useful	useful	ADJ
iiclr-17591	1839	63	role	role	NOUN
iiclr-17591	1839	64	of	of	ADP
iiclr-17591	1839	65	bank	bank	NOUN
iiclr-17591	1839	66	credit	credit	NOUN
iiclr-17591	1839	67	.	.	PUNCT
iiclr-17591	1840	1	the	the	DET
iiclr-17591	1840	2	availability	availability	NOUN
iiclr-17591	1840	3	of	of	ADP
iiclr-17591	1840	4	bank	bank	NOUN
iiclr-17591	1840	5	financing	financing	NOUN
iiclr-17591	1840	6	widens	widen	VERB
iiclr-17591	1840	7	the	the	DET
iiclr-17591	1840	8	number	number	NOUN
iiclr-17591	1840	9	of	of	ADP
iiclr-17591	1840	10	available	available	ADJ
iiclr-17591	1840	11	alternatives	alternative	NOUN
iiclr-17591	1840	12	,	,	PUNCT
iiclr-17591	1840	13	giving	give	VERB
iiclr-17591	1840	14	mid	mid	ADJ
iiclr-17591	1840	15	-	-	ADJ
iiclr-17591	1840	16	range	range	ADJ
iiclr-17591	1840	17	firms	firm	NOUN
iiclr-17591	1840	18	the	the	DET
iiclr-17591	1840	19	option	option	NOUN
iiclr-17591	1840	20	whether	whether	SCONJ
iiclr-17591	1840	21	to	to	PART
iiclr-17591	1840	22	go	go	VERB
iiclr-17591	1840	23	public	public	ADJ
iiclr-17591	1840	24	or	or	CCONJ
iiclr-17591	1840	25	not	not	PART
iiclr-17591	1840	26	.	.	PUNCT
iiclr-17591	1841	1	moreover	moreover	ADV
iiclr-17591	1841	2	,	,	PUNCT
iiclr-17591	1841	3	banks	bank	NOUN
iiclr-17591	1841	4	are	be	AUX
iiclr-17591	1841	5	in	in	ADP
iiclr-17591	1841	6	a	a	DET
iiclr-17591	1841	7	good	good	ADJ
iiclr-17591	1841	8	position	position	NOUN
iiclr-17591	1841	9	to	to	PART
iiclr-17591	1841	10	fend	fend	VERB
iiclr-17591	1841	11	for	for	ADP
iiclr-17591	1841	12	themselves	themselves	PRON
iiclr-17591	1841	13	with	with	ADP
iiclr-17591	1841	14	the	the	DET
iiclr-17591	1841	15	debtor	debtor	NOUN
iiclr-17591	1841	16	and	and	CCONJ
iiclr-17591	1841	17	to	to	PART
iiclr-17591	1841	18	assess	assess	VERB
iiclr-17591	1841	19	the	the	DET
iiclr-17591	1841	20	debtor	debtor	NOUN
iiclr-17591	1841	21	's	's	PART
iiclr-17591	1841	22	risk	risk	NOUN
iiclr-17591	1841	23	.	.	PUNCT
iiclr-17591	1842	1	thanks	thank	NOUN
iiclr-17591	1842	2	to	to	ADP
iiclr-17591	1842	3	bank	bank	NOUN
iiclr-17591	1842	4	financing	financing	NOUN
iiclr-17591	1842	5	,	,	PUNCT
iiclr-17591	1842	6	many	many	ADJ
iiclr-17591	1842	7	large	large	ADJ
iiclr-17591	1842	8	,	,	PUNCT
iiclr-17591	1842	9	if	if	SCONJ
iiclr-17591	1842	10	not	not	PART
iiclr-17591	1842	11	exceptionally	exceptionally	ADV
iiclr-17591	1842	12	large	large	ADJ
iiclr-17591	1842	13	,	,	PUNCT
iiclr-17591	1842	14	italian	italian	ADJ
iiclr-17591	1842	15	firms	firm	NOUN
iiclr-17591	1842	16	(	(	PUNCT
iiclr-17591	1842	17	as	as	ADV
iiclr-17591	1842	18	well	well	ADV
iiclr-17591	1842	19	as	as	ADP
iiclr-17591	1842	20	german	german	ADJ
iiclr-17591	1842	21	)	)	PUNCT
iiclr-17591	1842	22	go	go	VERB
iiclr-17591	1842	23	public	public	ADJ
iiclr-17591	1842	24	when	when	SCONJ
iiclr-17591	1842	25	they	they	PRON
iiclr-17591	1842	26	choose	choose	VERB
iiclr-17591	1842	27	to	to	PART
iiclr-17591	1842	28	do	do	VERB
iiclr-17591	1842	29	so	so	ADV
iiclr-17591	1842	30	,	,	PUNCT
iiclr-17591	1842	31	and	and	CCONJ
iiclr-17591	1842	32	are	be	AUX
iiclr-17591	1842	33	not	not	PART
iiclr-17591	1842	34	forced	force	VERB
iiclr-17591	1842	35	to	to	PART
iiclr-17591	1842	36	do	do	VERB
iiclr-17591	1842	37	so	so	ADV
iiclr-17591	1842	38	as	as	ADV
iiclr-17591	1842	39	soon	soon	ADV
iiclr-17591	1842	40	as	as	SCONJ
iiclr-17591	1842	41	they	they	PRON
iiclr-17591	1842	42	grow	grow	VERB
iiclr-17591	1842	43	.	.	PUNCT
iiclr-17591	1843	1	despite	despite	SCONJ
iiclr-17591	1843	2	some	some	DET
iiclr-17591	1843	3	very	very	ADV
iiclr-17591	1843	4	well	well	ADV
iiclr-17591	1843	5	-	-	PUNCT
iiclr-17591	1843	6	argued	argue	VERB
iiclr-17591	1843	7	differing	differ	VERB
iiclr-17591	1843	8	opinions	opinion	NOUN
iiclr-17591	1843	9	,	,	PUNCT
iiclr-17591	1843	10	i	i	PRON
iiclr-17591	1843	11	do	do	AUX
iiclr-17591	1843	12	not	not	PART
iiclr-17591	1843	13	see	see	VERB
iiclr-17591	1843	14	anything	anything	PRON
iiclr-17591	1843	15	intrinsically	intrinsically	ADV
iiclr-17591	1843	16	wrong	wrong	ADJ
iiclr-17591	1843	17	in	in	ADP
iiclr-17591	1843	18	this	this	PRON
iiclr-17591	1843	19	.	.	PUNCT
iiclr-17591	1844	1	going	go	VERB
iiclr-17591	1844	2	public	public	ADJ
iiclr-17591	1844	3	has	have	VERB
iiclr-17591	1844	4	its	its	PRON
iiclr-17591	1844	5	costs	cost	NOUN
iiclr-17591	1844	6	,	,	PUNCT
iiclr-17591	1844	7	2	2	NUM
iiclr-17591	1844	8	"	"	PUNCT
iiclr-17591	1844	9	and	and	CCONJ
iiclr-17591	1844	10	the	the	DET
iiclr-17591	1844	11	availability	availability	NOUN
iiclr-17591	1844	12	of	of	ADP
iiclr-17591	1844	13	more	more	ADJ
iiclr-17591	1844	14	options	option	NOUN
iiclr-17591	1844	15	normally	normally	ADV
iiclr-17591	1844	16	means	mean	VERB
iiclr-17591	1844	17	more	more	ADV
iiclr-17591	1844	18	efficient	efficient	ADJ
iiclr-17591	1844	19	choices.228	choices.228	PROPN
iiclr-17591	1844	20	insurance	insurance	PROPN
iiclr-17591	1844	21	co.	co.	PROPN
iiclr-17591	1844	22	,	,	PUNCT
iiclr-17591	1844	23	115	115	NUM
iiclr-17591	1844	24	s.	s.	PROPN
iiclr-17591	1844	25	ct	ct	PROPN
iiclr-17591	1844	26	.	.	PROPN
iiclr-17591	1844	27	810	810	NUM
iiclr-17591	1844	28	(	(	PUNCT
iiclr-17591	1844	29	1995	1995	NUM
iiclr-17591	1844	30	)	)	PUNCT
iiclr-17591	1844	31	,	,	PUNCT
iiclr-17591	1844	32	seems	seem	VERB
iiclr-17591	1844	33	to	to	PART
iiclr-17591	1844	34	be	be	AUX
iiclr-17591	1844	35	a	a	DET
iiclr-17591	1844	36	signal	signal	NOUN
iiclr-17591	1844	37	of	of	ADP
iiclr-17591	1844	38	the	the	DET
iiclr-17591	1844	39	political	political	ADJ
iiclr-17591	1844	40	consensus	consensus	NOUN
iiclr-17591	1844	41	for	for	ADP
iiclr-17591	1844	42	the	the	DET
iiclr-17591	1844	43	attempt	attempt	NOUN
iiclr-17591	1844	44	to	to	PART
iiclr-17591	1844	45	disenfranchise	disenfranchise	VERB
iiclr-17591	1844	46	banks	bank	NOUN
iiclr-17591	1844	47	from	from	ADP
iiclr-17591	1844	48	regulatory	regulatory	ADJ
iiclr-17591	1844	49	constraints	constraint	NOUN
iiclr-17591	1844	50	.	.	PUNCT
iiclr-17591	1845	1	(	(	PUNCT
iiclr-17591	1845	2	in	in	ADP
iiclr-17591	1845	3	an	an	DET
iiclr-17591	1845	4	important	important	ADJ
iiclr-17591	1845	5	footnote	footnote	NOUN
iiclr-17591	1845	6	2	2	NUM
iiclr-17591	1845	7	,	,	PUNCT
iiclr-17591	1845	8	the	the	DET
iiclr-17591	1845	9	court	court	NOUN
iiclr-17591	1845	10	stated	state	VERB
iiclr-17591	1845	11	:	:	PUNCT
iiclr-17591	1845	12	"	"	PUNCT
iiclr-17591	1845	13	we	we	PRON
iiclr-17591	1845	14	expressly	expressly	ADV
iiclr-17591	1845	15	hold	hold	VERB
iiclr-17591	1845	16	that	that	SCONJ
iiclr-17591	1845	17	the	the	DET
iiclr-17591	1845	18	'	'	PUNCT
iiclr-17591	1845	19	business	business	NOUN
iiclr-17591	1845	20	of	of	ADP
iiclr-17591	1845	21	banking	banking	NOUN
iiclr-17591	1845	22	'	'	PUNCT
iiclr-17591	1845	23	is	be	AUX
iiclr-17591	1845	24	not	not	PART
iiclr-17591	1845	25	limited	limit	VERB
iiclr-17591	1845	26	to	to	ADP
iiclr-17591	1845	27	the	the	DET
iiclr-17591	1845	28	enumerated	enumerate	VERB
iiclr-17591	1845	29	powers	power	NOUN
iiclr-17591	1845	30	in	in	ADP
iiclr-17591	1845	31	§	§	PROPN
iiclr-17591	1845	32	24	24	NUM
iiclr-17591	1845	33	seventh	seventh	ADJ
iiclr-17591	1846	1	[	[	X
iiclr-17591	1846	2	of	of	ADP
iiclr-17591	1846	3	the	the	DET
iiclr-17591	1846	4	national	national	PROPN
iiclr-17591	1846	5	bank	bank	PROPN
iiclr-17591	1846	6	act	act	PROPN
iiclr-17591	1846	7	]	]	PUNCT
iiclr-17591	1846	8	and	and	CCONJ
iiclr-17591	1846	9	that	that	SCONJ
iiclr-17591	1846	10	the	the	DET
iiclr-17591	1846	11	comptroller	comptroller	NOUN
iiclr-17591	1846	12	[	[	X
iiclr-17591	1846	13	of	of	ADP
iiclr-17591	1846	14	currency	currency	NOUN
iiclr-17591	1846	15	]	]	PUNCT
iiclr-17591	1846	16	therefore	therefore	ADV
iiclr-17591	1846	17	has	have	VERB
iiclr-17591	1846	18	discretion	discretion	NOUN
iiclr-17591	1846	19	to	to	PART
iiclr-17591	1846	20	authorize	authorize	VERB
iiclr-17591	1846	21	activities	activity	NOUN
iiclr-17591	1846	22	beyond	beyond	ADP
iiclr-17591	1846	23	those	those	PRON
iiclr-17591	1846	24	specifically	specifically	ADV
iiclr-17591	1846	25	enumerated	enumerate	VERB
iiclr-17591	1846	26	.	.	PUNCT
iiclr-17591	1847	1	"	"	PUNCT
iiclr-17591	1847	2	)	)	PUNCT
iiclr-17591	1847	3	226	226	NUM
iiclr-17591	1847	4	.	.	PUNCT
iiclr-17591	1848	1	see	see	VERB
iiclr-17591	1848	2	also	also	ADV
iiclr-17591	1848	3	ronald	ronald	PROPN
iiclr-17591	1848	4	j.	j.	PROPN
iiclr-17591	1848	5	gilson	gilson	PROPN
iiclr-17591	1848	6	,	,	PUNCT
iiclr-17591	1848	7	corporate	corporate	ADJ
iiclr-17591	1848	8	governance	governance	NOUN
iiclr-17591	1848	9	and	and	CCONJ
iiclr-17591	1848	10	economic	economic	ADJ
iiclr-17591	1848	11	efficiency	efficiency	NOUN
iiclr-17591	1848	12	,	,	PUNCT
iiclr-17591	1848	13	in	in	ADP
iiclr-17591	1848	14	aspectsofcorporategovernance	aspectsofcorporategovernance	NOUN
iiclr-17591	1848	15	.	.	PUNCT
iiclr-17591	1849	1	the	the	DET
iiclr-17591	1849	2	stockholm	stockholm	PROPN
iiclr-17591	1849	3	symposium	symposium	NOUN
iiclr-17591	1849	4	131	131	NUM
iiclr-17591	1849	5	,	,	PUNCT
iiclr-17591	1849	6	137	137	NUM
iiclr-17591	1849	7	-	-	SYM
iiclr-17591	1849	8	38	38	NUM
iiclr-17591	1849	9	&	&	CCONJ
iiclr-17591	1849	10	n.17	n.17	PROPN
iiclr-17591	1849	11	(	(	PUNCT
iiclr-17591	1849	12	mark	mark	PROPN
iiclr-17591	1849	13	isaksson	isaksson	PROPN
iiclr-17591	1849	14	&	&	CCONJ
iiclr-17591	1849	15	rolf	rolf	PROPN
iiclr-17591	1849	16	skog	skog	PROPN
iiclr-17591	1849	17	eds	eds	PROPN
iiclr-17591	1849	18	.	.	PROPN
iiclr-17591	1849	19	,	,	PUNCT
iiclr-17591	1849	20	1994	1994	NUM
iiclr-17591	1849	21	)	)	PUNCT
iiclr-17591	1849	22	,	,	PUNCT
iiclr-17591	1849	23	for	for	ADP
iiclr-17591	1849	24	possible	possible	ADJ
iiclr-17591	1849	25	path	path	NOUN
iiclr-17591	1849	26	-	-	PUNCT
iiclr-17591	1849	27	dependent	dependent	ADJ
iiclr-17591	1849	28	explanations	explanation	NOUN
iiclr-17591	1849	29	of	of	ADP
iiclr-17591	1849	30	the	the	DET
iiclr-17591	1849	31	present	present	ADJ
iiclr-17591	1849	32	role	role	NOUN
iiclr-17591	1849	33	of	of	ADP
iiclr-17591	1849	34	japanese	japanese	ADJ
iiclr-17591	1849	35	financial	financial	ADJ
iiclr-17591	1849	36	intermediaries	intermediary	NOUN
iiclr-17591	1849	37	in	in	ADP
iiclr-17591	1849	38	corporate	corporate	ADJ
iiclr-17591	1849	39	governance	governance	NOUN
iiclr-17591	1849	40	.	.	PUNCT
iiclr-17591	1850	1	227	227	NUM
iiclr-17591	1850	2	.	.	PUNCT
iiclr-17591	1851	1	"	"	PUNCT
iiclr-17591	1851	2	going	go	VERB
iiclr-17591	1851	3	public	public	ADJ
iiclr-17591	1851	4	is	be	AUX
iiclr-17591	1851	5	a	a	DET
iiclr-17591	1851	6	relatively	relatively	ADV
iiclr-17591	1851	7	time	time	NOUN
iiclr-17591	1851	8	consuming	consume	VERB
iiclr-17591	1851	9	and	and	CCONJ
iiclr-17591	1851	10	expensive	expensive	ADJ
iiclr-17591	1851	11	means	mean	NOUN
iiclr-17591	1851	12	of	of	ADP
iiclr-17591	1851	13	raising	raise	VERB
iiclr-17591	1851	14	capital	capital	NOUN
iiclr-17591	1851	15	,	,	PUNCT
iiclr-17591	1851	16	although	although	SCONJ
iiclr-17591	1851	17	the	the	DET
iiclr-17591	1851	18	commensurate	commensurate	ADJ
iiclr-17591	1851	19	benefits	benefit	NOUN
iiclr-17591	1851	20	may	may	AUX
iiclr-17591	1851	21	more	more	ADV
iiclr-17591	1851	22	than	than	ADP
iiclr-17591	1851	23	outweigh	outweigh	VERB
iiclr-17591	1851	24	these	these	DET
iiclr-17591	1851	25	disadvantages	disadvantage	NOUN
iiclr-17591	1851	26	in	in	ADP
iiclr-17591	1851	27	the	the	DET
iiclr-17591	1851	28	appropriate	appropriate	ADJ
iiclr-17591	1851	29	situation	situation	NOUN
iiclr-17591	1851	30	.	.	PUNCT
iiclr-17591	1851	31	"	"	PUNCT
iiclr-17591	1852	1	(	(	PUNCT
iiclr-17591	1852	2	carl	carl	PROPN
iiclr-17591	1852	3	w.	w.	PROPN
iiclr-17591	1852	4	schneider	schneider	PROPN
iiclr-17591	1852	5	et	et	PROPN
iiclr-17591	1852	6	al	al	PROPN
iiclr-17591	1852	7	.	.	PROPN
iiclr-17591	1852	8	,	,	PUNCT
iiclr-17591	1852	9	going	go	VERB
iiclr-17591	1852	10	public	public	ADJ
iiclr-17591	1852	11	:	:	PUNCT
iiclr-17591	1852	12	practice	practice	NOUN
iiclr-17591	1852	13	,	,	PUNCT
iiclr-17591	1852	14	procedure	procedure	NOUN
iiclr-17591	1852	15	and	and	CCONJ
iiclr-17591	1852	16	consequences	consequence	NOUN
iiclr-17591	1852	17	,	,	PUNCT
iiclr-17591	1852	18	27	27	NUM
iiclr-17591	1852	19	vill	vill	NOUN
iiclr-17591	1852	20	.	.	PUNCT
iiclr-17591	1853	1	l.	l.	PROPN
iiclr-17591	1853	2	rev	rev	PROPN
iiclr-17591	1853	3	.	.	PROPN
iiclr-17591	1853	4	1	1	NUM
iiclr-17591	1853	5	,	,	PUNCT
iiclr-17591	1853	6	50	50	NUM
iiclr-17591	1853	7	(	(	PUNCT
iiclr-17591	1853	8	1980	1980	NUM
iiclr-17591	1853	9	)	)	PUNCT
iiclr-17591	1853	10	,	,	PUNCT
iiclr-17591	1853	11	reprinted	reprint	VERB
iiclr-17591	1853	12	,	,	PUNCT
iiclr-17591	1853	13	with	with	ADP
iiclr-17591	1853	14	later	later	ADJ
iiclr-17591	1853	15	revisions	revision	NOUN
iiclr-17591	1853	16	,	,	PUNCT
iiclr-17591	1853	17	in	in	ADP
iiclr-17591	1853	18	richard	richard	PROPN
iiclr-17591	1853	19	w.	w.	PROPN
iiclr-17591	1853	20	jennings	jennings	PROPN
iiclr-17591	1853	21	eral	eral	PROPN
iiclr-17591	1853	22	.	.	PROPN
iiclr-17591	1853	23	,	,	PUNCT
iiclr-17591	1853	24	securities	security	NOUN
iiclr-17591	1853	25	regulation	regulation	NOUN
iiclr-17591	1853	26	164	164	NUM
iiclr-17591	1853	27	,	,	PUNCT
iiclr-17591	1853	28	185	185	NUM
iiclr-17591	1853	29	(	(	PUNCT
iiclr-17591	1853	30	7th	7th	ADJ
iiclr-17591	1853	31	ed	ed	NOUN
iiclr-17591	1853	32	.	.	PROPN
iiclr-17591	1853	33	1991	1991	NUM
iiclr-17591	1853	34	)	)	PUNCT
iiclr-17591	1853	35	)	)	PUNCT
iiclr-17591	1853	36	.	.	PUNCT
iiclr-17591	1854	1	costs	cost	NOUN
iiclr-17591	1854	2	of	of	ADP
iiclr-17591	1854	3	being	be	AUX
iiclr-17591	1854	4	publicly	publicly	ADV
iiclr-17591	1854	5	owned	own	VERB
iiclr-17591	1854	6	for	for	ADP
iiclr-17591	1854	7	italian	italian	ADJ
iiclr-17591	1854	8	firms	firm	NOUN
iiclr-17591	1854	9	are	be	AUX
iiclr-17591	1854	10	variously	variously	ADV
iiclr-17591	1854	11	assessed	assess	VERB
iiclr-17591	1854	12	(	(	PUNCT
iiclr-17591	1854	13	giancarlo	giancarlo	PROPN
iiclr-17591	1854	14	pagliarini	pagliarini	PROPN
iiclr-17591	1854	15	,	,	PUNCT
iiclr-17591	1854	16	federalismo	federalismo	PROPN
iiclr-17591	1854	17	,	,	PUNCT
iiclr-17591	1854	18	ma	ma	PROPN
iiclr-17591	1854	19	non	non	PROPN
iiclr-17591	1854	20	in	in	ADP
iiclr-17591	1854	21	borsa	borsa	PROPN
iiclr-17591	1854	22	,	,	PUNCT
iiclr-17591	1854	23	il	il	PROPN
iiclr-17591	1854	24	sole	sole	ADJ
iiclr-17591	1854	25	24	24	NUM
iiclr-17591	1854	26	ore	ore	NOUN
iiclr-17591	1854	27	,	,	PUNCT
iiclr-17591	1854	28	apr	apr	PROPN
iiclr-17591	1854	29	.	.	PROPN
iiclr-17591	1854	30	9	9	NUM
iiclr-17591	1854	31	,	,	PUNCT
iiclr-17591	1854	32	1994	1994	NUM
iiclr-17591	1854	33	,	,	PUNCT
iiclr-17591	1854	34	at	at	ADP
iiclr-17591	1854	35	25	25	NUM
iiclr-17591	1854	36	;	;	PUNCT
iiclr-17591	1854	37	franco	franco	PROPN
iiclr-17591	1854	38	gallo	gallo	PROPN
iiclr-17591	1854	39	,	,	PUNCT
iiclr-17591	1854	40	quoted	quote	VERB
iiclr-17591	1854	41	in	in	ADP
iiclr-17591	1854	42	marco	marco	PROPN
iiclr-17591	1854	43	liera	liera	NOUN
iiclr-17591	1854	44	,	,	PUNCT
iiclr-17591	1854	45	consob	consob	NOUN
iiclr-17591	1854	46	e	e	X
iiclr-17591	1854	47	bankitalia	bankitalia	PROPN
iiclr-17591	1854	48	frenano	frenano	PROPN
iiclr-17591	1854	49	le	le	X
iiclr-17591	1854	50	nozzefra	nozzefra	PROPN
iiclr-17591	1854	51	banca	banca	PROPN
iiclr-17591	1854	52	e	e	PROPN
iiclr-17591	1854	53	impresa	impresa	PROPN
iiclr-17591	1854	54	,	,	PUNCT
iiclr-17591	1854	55	il	il	PROPN
iiclr-17591	1854	56	sole	sole	ADJ
iiclr-17591	1854	57	-24	-24	PUNCT
iiclr-17591	1854	58	ore	ore	NOUN
iiclr-17591	1854	59	,	,	PUNCT
iiclr-17591	1854	60	mar	mar	PROPN
iiclr-17591	1854	61	.	.	PROPN
iiclr-17591	1854	62	23	23	NUM
iiclr-17591	1854	63	,	,	PUNCT
iiclr-17591	1854	64	1994	1994	NUM
iiclr-17591	1854	65	,	,	PUNCT
iiclr-17591	1854	66	at	at	ADP
iiclr-17591	1854	67	32	32	NUM
iiclr-17591	1854	68	)	)	PUNCT
iiclr-17591	1854	69	,	,	PUNCT
iiclr-17591	1854	70	ranging	range	VERB
iiclr-17591	1854	71	between	between	ADP
iiclr-17591	1854	72	300	300	NUM
iiclr-17591	1854	73	million	million	NUM
iiclr-17591	1854	74	and	and	CCONJ
iiclr-17591	1854	75	one	one	NUM
iiclr-17591	1854	76	billion	billion	NUM
iiclr-17591	1854	77	liras	lira	NOUN
iiclr-17591	1854	78	a	a	DET
iiclr-17591	1854	79	year	year	NOUN
iiclr-17591	1854	80	.	.	PUNCT
iiclr-17591	1855	1	228	228	NUM
iiclr-17591	1855	2	.	.	PUNCT
iiclr-17591	1856	1	two	two	NUM
iiclr-17591	1856	2	recent	recent	ADJ
iiclr-17591	1856	3	italian	italian	ADJ
iiclr-17591	1856	4	works	work	NOUN
iiclr-17591	1856	5	stand	stand	VERB
iiclr-17591	1856	6	out	out	ADP
iiclr-17591	1856	7	for	for	ADP
iiclr-17591	1856	8	their	their	PRON
iiclr-17591	1856	9	completeness	completeness	NOUN
iiclr-17591	1856	10	and	and	CCONJ
iiclr-17591	1856	11	the	the	DET
iiclr-17591	1856	12	depth	depth	NOUN
iiclr-17591	1856	13	of	of	ADP
iiclr-17591	1856	14	their	their	PRON
iiclr-17591	1856	15	arguments	argument	NOUN
iiclr-17591	1856	16	in	in	ADP
iiclr-17591	1856	17	favor	favor	NOUN
iiclr-17591	1856	18	of	of	ADP
iiclr-17591	1856	19	a	a	DET
iiclr-17591	1856	20	radical	radical	ADJ
iiclr-17591	1856	21	transformation	transformation	NOUN
iiclr-17591	1856	22	of	of	ADP
iiclr-17591	1856	23	the	the	DET
iiclr-17591	1856	24	italian	italian	ADJ
iiclr-17591	1856	25	economic	economic	ADJ
iiclr-17591	1856	26	system	system	NOUN
iiclr-17591	1856	27	and	and	CCONJ
iiclr-17591	1856	28	corporate	corporate	ADJ
iiclr-17591	1856	29	governance	governance	NOUN
iiclr-17591	1856	30	.	.	PUNCT
iiclr-17591	1857	1	preite	preite	ADJ
iiclr-17591	1857	2	,	,	PUNCT
iiclr-17591	1857	3	supra	supra	ADJ
iiclr-17591	1857	4	note	note	NOUN
iiclr-17591	1857	5	190	190	NUM
iiclr-17591	1857	6	,	,	PUNCT
iiclr-17591	1857	7	proposed	propose	VERB
iiclr-17591	1857	8	a	a	DET
iiclr-17591	1857	9	governance	governance	NOUN
iiclr-17591	1857	10	model	model	NOUN
iiclr-17591	1857	11	based	base	VERB
iiclr-17591	1857	12	on	on	ADP
iiclr-17591	1857	13	separation	separation	NOUN
iiclr-17591	1857	14	between	between	ADP
iiclr-17591	1857	15	ownership	ownership	NOUN
iiclr-17591	1857	16	,	,	PUNCT
iiclr-17591	1857	17	more	more	ADJ
iiclr-17591	1857	18	than	than	ADP
iiclr-17591	1857	19	fifty	fifty	NUM
iiclr-17591	1857	20	percent	percent	NOUN
iiclr-17591	1857	21	of	of	ADP
iiclr-17591	1857	22	which	which	PRON
iiclr-17591	1857	23	should	should	AUX
iiclr-17591	1857	24	be	be	AUX
iiclr-17591	1857	25	on	on	ADP
iiclr-17591	1857	26	the	the	DET
iiclr-17591	1857	27	market	market	NOUN
iiclr-17591	1857	28	,	,	PUNCT
iiclr-17591	1857	29	and	and	CCONJ
iiclr-17591	1857	30	control	control	NOUN
iiclr-17591	1857	31	,	,	PUNCT
iiclr-17591	1857	32	coupled	couple	VERB
iiclr-17591	1857	33	by	by	ADP
iiclr-17591	1857	34	active	active	ADJ
iiclr-17591	1857	35	monitoring	monitoring	NOUN
iiclr-17591	1857	36	by	by	ADP
iiclr-17591	1857	37	institutional	institutional	ADJ
iiclr-17591	1857	38	investors	investor	NOUN
iiclr-17591	1857	39	and	and	CCONJ
iiclr-17591	1857	40	,	,	PUNCT
iiclr-17591	1857	41	if	if	SCONJ
iiclr-17591	1857	42	necessary	necessary	ADJ
iiclr-17591	1857	43	,	,	PUNCT
iiclr-17591	1857	44	hostile	hostile	ADJ
iiclr-17591	1857	45	takeovers	takeover	NOUN
iiclr-17591	1857	46	.	.	PUNCT
iiclr-17591	1858	1	(	(	PUNCT
iiclr-17591	1858	2	professor	professor	NOUN
iiclr-17591	1858	3	preite	preite	NOUN
iiclr-17591	1858	4	,	,	PUNCT
iiclr-17591	1858	5	who	who	PRON
iiclr-17591	1858	6	died	die	VERB
iiclr-17591	1858	7	prematurely	prematurely	ADV
iiclr-17591	1858	8	in	in	ADP
iiclr-17591	1858	9	1994	1994	NUM
iiclr-17591	1858	10	,	,	PUNCT
iiclr-17591	1858	11	was	be	AUX
iiclr-17591	1858	12	a	a	DET
iiclr-17591	1858	13	young	young	ADJ
iiclr-17591	1858	14	and	and	CCONJ
iiclr-17591	1858	15	extremely	extremely	ADV
iiclr-17591	1858	16	brilliant	brilliant	ADJ
iiclr-17591	1858	17	graduate	graduate	NOUN
iiclr-17591	1858	18	from	from	ADP
iiclr-17591	1858	19	milan	milan	PROPN
iiclr-17591	1858	20	and	and	CCONJ
iiclr-17591	1858	21	yale	yale	PROPN
iiclr-17591	1858	22	.	.	PUNCT
iiclr-17591	1858	23	)	)	PUNCT
iiclr-17591	1859	1	he	he	PRON
iiclr-17591	1859	2	strongly	strongly	ADV
iiclr-17591	1859	3	favored	favor	VERB
iiclr-17591	1859	4	shareholders	shareholder	NOUN
iiclr-17591	1859	5	-	-	PUNCT
iiclr-17591	1859	6	entrepreneurs	entrepreneur	NOUN
iiclr-17591	1859	7	to	to	PART
iiclr-17591	1859	8	be	be	AUX
iiclr-17591	1859	9	replaced	replace	VERB
iiclr-17591	1859	10	by	by	ADP
iiclr-17591	1859	11	professional	professional	ADJ
iiclr-17591	1859	12	managers	manager	NOUN
iiclr-17591	1859	13	,	,	PUNCT
iiclr-17591	1859	14	constantly	constantly	ADV
iiclr-17591	1859	15	submitted	submit	VERB
iiclr-17591	1859	16	to	to	ADP
iiclr-17591	1859	17	the	the	DET
iiclr-17591	1859	18	scrutiny	scrutiny	NOUN
iiclr-17591	1859	19	of	of	ADP
iiclr-17591	1859	20	the	the	DET
iiclr-17591	1859	21	market	market	NOUN
iiclr-17591	1859	22	.	.	PUNCT
iiclr-17591	1860	1	i	i	PRON
iiclr-17591	1860	2	do	do	AUX
iiclr-17591	1860	3	not	not	PART
iiclr-17591	1860	4	fully	fully	ADV
iiclr-17591	1860	5	share	share	VERB
iiclr-17591	1860	6	this	this	DET
iiclr-17591	1860	7	idea	idea	NOUN
iiclr-17591	1860	8	.	.	PUNCT
iiclr-17591	1861	1	first	first	ADV
iiclr-17591	1861	2	,	,	PUNCT
iiclr-17591	1861	3	the	the	DET
iiclr-17591	1861	4	risks	risk	NOUN
iiclr-17591	1861	5	of	of	ADP
iiclr-17591	1861	6	managerialism	managerialism	NOUN
iiclr-17591	1861	7	may	may	AUX
iiclr-17591	1861	8	be	be	AUX
iiclr-17591	1861	9	less	less	ADV
iiclr-17591	1861	10	important	important	ADJ
iiclr-17591	1861	11	than	than	ADP
iiclr-17591	1861	12	the	the	DET
iiclr-17591	1861	13	risks	risk	NOUN
iiclr-17591	1861	14	of	of	ADP
iiclr-17591	1861	15	entrenchment	entrenchment	NOUN
iiclr-17591	1861	16	,	,	PUNCT
iiclr-17591	1861	17	but	but	CCONJ
iiclr-17591	1861	18	they	they	PRON
iiclr-17591	1861	19	are	be	AUX
iiclr-17591	1861	20	very	very	ADV
iiclr-17591	1861	21	serious	serious	ADJ
iiclr-17591	1861	22	,	,	PUNCT
iiclr-17591	1861	23	as	as	ADP
iiclr-17591	1861	24	very	very	ADV
iiclr-17591	1861	25	serious	serious	ADJ
iiclr-17591	1861	26	are	be	AUX
iiclr-17591	1861	27	the	the	DET
iiclr-17591	1861	28	problems	problem	NOUN
iiclr-17591	1861	29	encountered	encounter	VERB
iiclr-17591	1861	30	by	by	ADP
iiclr-17591	1861	31	proposals	proposal	NOUN
iiclr-17591	1861	32	aimed	aim	VERB
iiclr-17591	1861	33	at	at	ADP
iiclr-17591	1861	34	selecting	select	VERB
iiclr-17591	1861	35	effective	effective	ADJ
iiclr-17591	1861	36	monitors	monitor	NOUN
iiclr-17591	1861	37	(	(	PUNCT
iiclr-17591	1861	38	see	see	VERB
iiclr-17591	1861	39	,	,	PUNCT
iiclr-17591	1861	40	for	for	ADP
iiclr-17591	1861	41	example	example	NOUN
iiclr-17591	1861	42	,	,	PUNCT
iiclr-17591	1861	43	the	the	DET
iiclr-17591	1861	44	problems	problem	NOUN
iiclr-17591	1861	45	of	of	ADP
iiclr-17591	1861	46	outside	outside	ADJ
iiclr-17591	1861	47	directors	director	NOUN
iiclr-17591	1861	48	monitoring	monitor	VERB
iiclr-17591	1861	49	in	in	ADP
iiclr-17591	1861	50	ronald	ronald	PROPN
iiclr-17591	1861	51	j.	j.	PROPN
iiclr-17591	1861	52	gilson	gilson	PROPN
iiclr-17591	1861	53	&	&	CCONJ
iiclr-17591	1861	54	reinier	reinier	PROPN
iiclr-17591	1861	55	kraakman	kraakman	PROPN
iiclr-17591	1861	56	,	,	PUNCT
iiclr-17591	1861	57	reinventing	reinvent	VERB
iiclr-17591	1861	58	the	the	DET
iiclr-17591	1861	59	outside	outside	ADJ
iiclr-17591	1861	60	director	director	NOUN
iiclr-17591	1861	61	:	:	PUNCT
iiclr-17591	1861	62	an	an	DET
iiclr-17591	1861	63	agenda	agenda	NOUN
iiclr-17591	1861	64	for	for	ADP
iiclr-17591	1861	65	institutional	institutional	ADJ
iiclr-17591	1861	66	investors	investor	NOUN
iiclr-17591	1861	67	,	,	PUNCT
iiclr-17591	1861	68	43	43	NUM
iiclr-17591	1861	69	stan	stan	PROPN
iiclr-17591	1861	70	.	.	PUNCT
iiclr-17591	1862	1	l.	l.	PROPN
iiclr-17591	1862	2	rev	rev	PROPN
iiclr-17591	1862	3	.	.	PROPN
iiclr-17591	1862	4	863	863	NUM
iiclr-17591	1862	5	(	(	PUNCT
iiclr-17591	1862	6	1991	1991	NUM
iiclr-17591	1862	7	)	)	PUNCT
iiclr-17591	1862	8	)	)	PUNCT
iiclr-17591	1862	9	.	.	PUNCT
iiclr-17591	1863	1	monitoring	monitoring	NOUN
iiclr-17591	1863	2	by	by	ADP
iiclr-17591	1863	3	institutional	institutional	ADJ
iiclr-17591	1863	4	investors	investor	NOUN
iiclr-17591	1863	5	,	,	PUNCT
iiclr-17591	1863	6	suggested	suggest	VERB
iiclr-17591	1863	7	as	as	ADP
iiclr-17591	1863	8	a	a	DET
iiclr-17591	1863	9	solution	solution	NOUN
iiclr-17591	1863	10	(	(	PUNCT
iiclr-17591	1863	11	preite	preite	ADJ
iiclr-17591	1863	12	,	,	PUNCT
iiclr-17591	1863	13	supra	supra	NOUN
iiclr-17591	1863	14	,	,	PUNCT
iiclr-17591	1863	15	at	at	ADP
iiclr-17591	1863	16	519	519	NUM
iiclr-17591	1863	17	)	)	PUNCT
iiclr-17591	1863	18	,	,	PUNCT
iiclr-17591	1863	19	is	be	AUX
iiclr-17591	1863	20	not	not	PART
iiclr-17591	1863	21	an	an	DET
iiclr-17591	1863	22	easy	easy	ADJ
iiclr-17591	1863	23	road	road	NOUN
iiclr-17591	1863	24	at	at	ADV
iiclr-17591	1863	25	all	all	ADV
iiclr-17591	1863	26	.	.	PUNCT
iiclr-17591	1864	1	moreover	moreover	ADV
iiclr-17591	1864	2	,	,	PUNCT
iiclr-17591	1864	3	as	as	SCONJ
iiclr-17591	1864	4	i	i	PRON
iiclr-17591	1864	5	noted	note	VERB
iiclr-17591	1864	6	above	above	ADV
iiclr-17591	1864	7	,	,	PUNCT
iiclr-17591	1864	8	the	the	DET
iiclr-17591	1864	9	practice	practice	NOUN
iiclr-17591	1864	10	of	of	ADP
iiclr-17591	1864	11	selecting	select	VERB
iiclr-17591	1864	12	professional	professional	ADJ
iiclr-17591	1864	13	managers	manager	NOUN
iiclr-17591	1864	14	is	be	AUX
iiclr-17591	1864	15	widespread	widespread	ADJ
iiclr-17591	1864	16	among	among	ADP
iiclr-17591	1864	17	italian	italian	ADJ
iiclr-17591	1864	18	companies	company	NOUN
iiclr-17591	1864	19	,	,	PUNCT
iiclr-17591	1864	20	and	and	CCONJ
iiclr-17591	1864	21	i	i	PRON
iiclr-17591	1864	22	think	think	VERB
iiclr-17591	1864	23	that	that	SCONJ
iiclr-17591	1864	24	"	"	PUNCT
iiclr-17591	1864	25	strong	strong	ADJ
iiclr-17591	1864	26	owners	owner	NOUN
iiclr-17591	1864	27	"	"	PUNCT
iiclr-17591	1864	28	1995	1995	NUM
iiclr-17591	1864	29	]	]	PUNCT
iiclr-17591	1864	30	ind	ind	NOUN
iiclr-17591	1864	31	.	.	PUNCT
iiclr-17591	1864	32	int'l	int'l	PROPN
iiclr-17591	1864	33	&	&	CCONJ
iiclr-17591	1864	34	comp	comp	PROPN
iiclr-17591	1864	35	.	.	PUNCT
iiclr-17591	1865	1	l	l	PROPN
iiclr-17591	1865	2	rev	rev	VERB
iiclr-17591	1865	3	.	.	PUNCT
iiclr-17591	1866	1	an	an	DET
iiclr-17591	1866	2	assessment	assessment	NOUN
iiclr-17591	1866	3	of	of	ADP
iiclr-17591	1866	4	the	the	DET
iiclr-17591	1866	5	efficiency	efficiency	NOUN
iiclr-17591	1866	6	of	of	ADP
iiclr-17591	1866	7	italian	italian	ADJ
iiclr-17591	1866	8	corporate	corporate	ADJ
iiclr-17591	1866	9	governance	governance	NOUN
iiclr-17591	1866	10	follows	follow	VERB
iiclr-17591	1866	11	the	the	DET
iiclr-17591	1866	12	give	give	NOUN
iiclr-17591	1866	13	at	at	ADP
iiclr-17591	1866	14	least	least	ADJ
iiclr-17591	1866	15	some	some	PRON
iiclr-17591	1866	16	assurance	assurance	NOUN
iiclr-17591	1866	17	that	that	SCONJ
iiclr-17591	1866	18	managers	manager	NOUN
iiclr-17591	1866	19	are	be	AUX
iiclr-17591	1866	20	effectively	effectively	ADV
iiclr-17591	1866	21	monitored	monitor	VERB
iiclr-17591	1866	22	(	(	PUNCT
iiclr-17591	1866	23	at	at	ADP
iiclr-17591	1866	24	most	most	ADV
iiclr-17591	1866	25	the	the	DET
iiclr-17591	1866	26	problem	problem	NOUN
iiclr-17591	1866	27	being	be	AUX
iiclr-17591	1866	28	that	that	SCONJ
iiclr-17591	1866	29	the	the	DET
iiclr-17591	1866	30	latter	latter	ADJ
iiclr-17591	1866	31	are	be	AUX
iiclr-17591	1866	32	too	too	ADV
iiclr-17591	1866	33	"	"	PUNCT
iiclr-17591	1866	34	faithful	faithful	ADJ
iiclr-17591	1866	35	"	"	PUNCT
iiclr-17591	1866	36	,	,	PUNCT
iiclr-17591	1866	37	i.e.	i.e.	X
iiclr-17591	1866	38	,	,	PUNCT
iiclr-17591	1866	39	they	they	PRON
iiclr-17591	1866	40	lack	lack	VERB
iiclr-17591	1866	41	autonomy	autonomy	NOUN
iiclr-17591	1866	42	)	)	PUNCT
iiclr-17591	1866	43	.	.	PUNCT
iiclr-17591	1867	1	second	second	ADJ
iiclr-17591	1867	2	,	,	PUNCT
iiclr-17591	1867	3	i	i	PRON
iiclr-17591	1867	4	have	have	VERB
iiclr-17591	1867	5	problems	problem	NOUN
iiclr-17591	1867	6	with	with	ADP
iiclr-17591	1867	7	any	any	DET
iiclr-17591	1867	8	argument	argument	NOUN
iiclr-17591	1867	9	that	that	PRON
iiclr-17591	1867	10	starts	start	VERB
iiclr-17591	1867	11	from	from	ADP
iiclr-17591	1867	12	the	the	DET
iiclr-17591	1867	13	risk	risk	NOUN
iiclr-17591	1867	14	of	of	ADP
iiclr-17591	1867	15	inefficient	inefficient	ADJ
iiclr-17591	1867	16	use	use	NOUN
iiclr-17591	1867	17	of	of	ADP
iiclr-17591	1867	18	private	private	ADJ
iiclr-17591	1867	19	property	property	NOUN
iiclr-17591	1867	20	to	to	PART
iiclr-17591	1867	21	mandate	mandate	VERB
iiclr-17591	1867	22	solutions	solution	NOUN
iiclr-17591	1867	23	.	.	PUNCT
iiclr-17591	1868	1	therefore	therefore	ADV
iiclr-17591	1868	2	,	,	PUNCT
iiclr-17591	1868	3	i	i	PRON
iiclr-17591	1868	4	concede	concede	VERB
iiclr-17591	1868	5	that	that	SCONJ
iiclr-17591	1868	6	a	a	DET
iiclr-17591	1868	7	shareholder	shareholder	NOUN
iiclr-17591	1868	8	with	with	ADP
iiclr-17591	1868	9	more	more	ADJ
iiclr-17591	1868	10	than	than	ADP
iiclr-17591	1868	11	the	the	DET
iiclr-17591	1868	12	absolute	absolute	ADJ
iiclr-17591	1868	13	majority	majority	NOUN
iiclr-17591	1868	14	can	can	AUX
iiclr-17591	1868	15	be	be	AUX
iiclr-17591	1868	16	an	an	DET
iiclr-17591	1868	17	inefficient	inefficient	ADJ
iiclr-17591	1868	18	manager	manager	NOUN
iiclr-17591	1868	19	or	or	CCONJ
iiclr-17591	1868	20	monitor	monitor	NOUN
iiclr-17591	1868	21	of	of	ADP
iiclr-17591	1868	22	managers	manager	NOUN
iiclr-17591	1868	23	(	(	PUNCT
iiclr-17591	1868	24	as	as	SCONJ
iiclr-17591	1868	25	professor	professor	NOUN
iiclr-17591	1868	26	preite	preite	NOUN
iiclr-17591	1868	27	stated	state	VERB
iiclr-17591	1868	28	,	,	PUNCT
iiclr-17591	1868	29	for	for	ADP
iiclr-17591	1868	30	instance	instance	NOUN
iiclr-17591	1868	31	,	,	PUNCT
iiclr-17591	1868	32	at	at	ADP
iiclr-17591	1868	33	504	504	NUM
iiclr-17591	1868	34	-	-	SYM
iiclr-17591	1868	35	05	05	NUM
iiclr-17591	1868	36	)	)	PUNCT
iiclr-17591	1868	37	and	and	CCONJ
iiclr-17591	1868	38	can	can	AUX
iiclr-17591	1868	39	not	not	PART
iiclr-17591	1868	40	be	be	AUX
iiclr-17591	1868	41	replaced	replace	VERB
iiclr-17591	1868	42	.	.	PUNCT
iiclr-17591	1869	1	however	however	ADV
iiclr-17591	1869	2	,	,	PUNCT
iiclr-17591	1869	3	i	i	PRON
iiclr-17591	1869	4	do	do	AUX
iiclr-17591	1869	5	not	not	PART
iiclr-17591	1869	6	see	see	VERB
iiclr-17591	1869	7	on	on	ADP
iiclr-17591	1869	8	the	the	DET
iiclr-17591	1869	9	basis	basis	NOUN
iiclr-17591	1869	10	of	of	ADP
iiclr-17591	1869	11	which	which	DET
iiclr-17591	1869	12	theory	theory	NOUN
iiclr-17591	1869	13	he	he	PRON
iiclr-17591	1869	14	or	or	CCONJ
iiclr-17591	1869	15	she	she	PRON
iiclr-17591	1869	16	should	should	AUX
iiclr-17591	1869	17	be	be	AUX
iiclr-17591	1869	18	expropriated	expropriate	VERB
iiclr-17591	1869	19	of	of	ADP
iiclr-17591	1869	20	the	the	DET
iiclr-17591	1869	21	right	right	NOUN
iiclr-17591	1869	22	to	to	PART
iiclr-17591	1869	23	manage	manage	VERB
iiclr-17591	1869	24	the	the	DET
iiclr-17591	1869	25	firm	firm	NOUN
iiclr-17591	1869	26	(	(	PUNCT
iiclr-17591	1869	27	of	of	ADP
iiclr-17591	1869	28	course	course	NOUN
iiclr-17591	1869	29	,	,	PUNCT
iiclr-17591	1869	30	once	once	SCONJ
iiclr-17591	1869	31	minority	minority	NOUN
iiclr-17591	1869	32	shareholders	shareholder	NOUN
iiclr-17591	1869	33	are	be	AUX
iiclr-17591	1869	34	given	give	VERB
iiclr-17591	1869	35	some	some	DET
iiclr-17591	1869	36	basic	basic	ADJ
iiclr-17591	1869	37	protection	protection	NOUN
iiclr-17591	1869	38	against	against	ADP
iiclr-17591	1869	39	abuses	abuse	NOUN
iiclr-17591	1869	40	,	,	PUNCT
iiclr-17591	1869	41	on	on	ADP
iiclr-17591	1869	42	which	which	PRON
iiclr-17591	1869	43	the	the	DET
iiclr-17591	1869	44	italian	italian	ADJ
iiclr-17591	1869	45	system	system	NOUN
iiclr-17591	1869	46	is	be	AUX
iiclr-17591	1869	47	weak	weak	ADJ
iiclr-17591	1869	48	:	:	PUNCT
iiclr-17591	1869	49	see	see	VERB
iiclr-17591	1869	50	infra	infra	NOUN
iiclr-17591	1869	51	,	,	PUNCT
iiclr-17591	1869	52	part	part	NOUN
iiclr-17591	1869	53	iv	iv	NUM
iiclr-17591	1869	54	)	)	PUNCT
iiclr-17591	1869	55	.	.	PUNCT
iiclr-17591	1870	1	similar	similar	ADJ
iiclr-17591	1870	2	,	,	PUNCT
iiclr-17591	1870	3	in	in	ADP
iiclr-17591	1870	4	many	many	ADJ
iiclr-17591	1870	5	respects	respect	NOUN
iiclr-17591	1870	6	,	,	PUNCT
iiclr-17591	1870	7	is	be	AUX
iiclr-17591	1870	8	barca	barca	NOUN
iiclr-17591	1870	9	,	,	PUNCT
iiclr-17591	1870	10	supra	supra	PROPN
iiclr-17591	1870	11	note	note	PROPN
iiclr-17591	1870	12	187	187	NUM
iiclr-17591	1870	13	,	,	PUNCT
iiclr-17591	1870	14	a	a	DET
iiclr-17591	1870	15	comprehensive	comprehensive	ADJ
iiclr-17591	1870	16	work	work	NOUN
iiclr-17591	1870	17	on	on	ADP
iiclr-17591	1870	18	the	the	DET
iiclr-17591	1870	19	structure	structure	NOUN
iiclr-17591	1870	20	of	of	ADP
iiclr-17591	1870	21	italian	italian	ADJ
iiclr-17591	1870	22	capitalism	capitalism	NOUN
iiclr-17591	1870	23	.	.	PUNCT
iiclr-17591	1871	1	(	(	PUNCT
iiclr-17591	1871	2	mr	mr	PROPN
iiclr-17591	1871	3	.	.	PROPN
iiclr-17591	1871	4	barca	barca	PROPN
iiclr-17591	1871	5	is	be	AUX
iiclr-17591	1871	6	manager	manager	NOUN
iiclr-17591	1871	7	of	of	ADP
iiclr-17591	1871	8	research	research	NOUN
iiclr-17591	1871	9	with	with	ADP
iiclr-17591	1871	10	the	the	DET
iiclr-17591	1871	11	bank	bank	PROPN
iiclr-17591	1871	12	of	of	ADP
iiclr-17591	1871	13	italy	italy	PROPN
iiclr-17591	1871	14	,	,	PUNCT
iiclr-17591	1871	15	and	and	CCONJ
iiclr-17591	1871	16	has	have	AUX
iiclr-17591	1871	17	been	be	AUX
iiclr-17591	1871	18	a	a	DET
iiclr-17591	1871	19	visiting	visit	VERB
iiclr-17591	1871	20	scholar	scholar	NOUN
iiclr-17591	1871	21	at	at	ADP
iiclr-17591	1871	22	mit	mit	NOUN
iiclr-17591	1871	23	)	)	PUNCT
iiclr-17591	1871	24	.	.	PUNCT
iiclr-17591	1872	1	mr	mr	PROPN
iiclr-17591	1872	2	.	.	PROPN
iiclr-17591	1872	3	barca	barca	PROPN
iiclr-17591	1872	4	's	's	PART
iiclr-17591	1872	5	thesis	thesis	NOUN
iiclr-17591	1872	6	is	be	AUX
iiclr-17591	1872	7	that	that	SCONJ
iiclr-17591	1872	8	the	the	DET
iiclr-17591	1872	9	italian	italian	ADJ
iiclr-17591	1872	10	system	system	NOUN
iiclr-17591	1872	11	creates	create	VERB
iiclr-17591	1872	12	obstacles	obstacle	NOUN
iiclr-17591	1872	13	to	to	ADP
iiclr-17591	1872	14	the	the	DET
iiclr-17591	1872	15	optimal	optimal	ADJ
iiclr-17591	1872	16	allocation	allocation	NOUN
iiclr-17591	1872	17	of	of	ADP
iiclr-17591	1872	18	control	control	NOUN
iiclr-17591	1872	19	,	,	PUNCT
iiclr-17591	1872	20	thus	thus	ADV
iiclr-17591	1872	21	preventing	prevent	VERB
iiclr-17591	1872	22	the	the	DET
iiclr-17591	1872	23	natural	natural	ADJ
iiclr-17591	1872	24	selection	selection	NOUN
iiclr-17591	1872	25	of	of	ADP
iiclr-17591	1872	26	the	the	DET
iiclr-17591	1872	27	most	most	ADV
iiclr-17591	1872	28	efficient	efficient	ADJ
iiclr-17591	1872	29	users	user	NOUN
iiclr-17591	1872	30	of	of	ADP
iiclr-17591	1872	31	the	the	DET
iiclr-17591	1872	32	asset	asset	NOUN
iiclr-17591	1872	33	-	-	PUNCT
iiclr-17591	1872	34	firm	firm	NOUN
iiclr-17591	1872	35	.	.	PUNCT
iiclr-17591	1873	1	the	the	DET
iiclr-17591	1873	2	diagnosis	diagnosis	NOUN
iiclr-17591	1873	3	seems	seem	VERB
iiclr-17591	1873	4	to	to	PART
iiclr-17591	1873	5	be	be	AUX
iiclr-17591	1873	6	correct	correct	ADJ
iiclr-17591	1873	7	overall	overall	ADV
iiclr-17591	1873	8	,	,	PUNCT
iiclr-17591	1873	9	and	and	CCONJ
iiclr-17591	1873	10	the	the	DET
iiclr-17591	1873	11	thorough	thorough	ADJ
iiclr-17591	1873	12	critique	critique	NOUN
iiclr-17591	1873	13	of	of	ADP
iiclr-17591	1873	14	some	some	DET
iiclr-17591	1873	15	institutions	institution	NOUN
iiclr-17591	1873	16	of	of	ADP
iiclr-17591	1873	17	italian	italian	ADJ
iiclr-17591	1873	18	capitalism	capitalism	NOUN
iiclr-17591	1873	19	and	and	CCONJ
iiclr-17591	1873	20	of	of	ADP
iiclr-17591	1873	21	the	the	DET
iiclr-17591	1873	22	role	role	NOUN
iiclr-17591	1873	23	of	of	ADP
iiclr-17591	1873	24	the	the	DET
iiclr-17591	1873	25	state	state	NOUN
iiclr-17591	1873	26	in	in	ADP
iiclr-17591	1873	27	the	the	DET
iiclr-17591	1873	28	economy	economy	NOUN
iiclr-17591	1873	29	is	be	AUX
iiclr-17591	1873	30	convincing	convincing	ADJ
iiclr-17591	1873	31	(	(	PUNCT
iiclr-17591	1873	32	i	i	NOUN
iiclr-17591	1873	33	d	d	PROPN
iiclr-17591	1873	34	at	at	ADP
iiclr-17591	1873	35	187	187	NUM
iiclr-17591	1873	36	,	,	PUNCT
iiclr-17591	1873	37	204	204	NUM
iiclr-17591	1873	38	)	)	PUNCT
iiclr-17591	1873	39	.	.	PUNCT
iiclr-17591	1874	1	i	i	PRON
iiclr-17591	1874	2	can	can	AUX
iiclr-17591	1874	3	not	not	PART
iiclr-17591	1874	4	follow	follow	VERB
iiclr-17591	1874	5	the	the	DET
iiclr-17591	1874	6	argument	argument	NOUN
iiclr-17591	1874	7	,	,	PUNCT
iiclr-17591	1874	8	however	however	ADV
iiclr-17591	1874	9	,	,	PUNCT
iiclr-17591	1874	10	when	when	SCONJ
iiclr-17591	1874	11	it	it	PRON
iiclr-17591	1874	12	blames	blame	VERB
iiclr-17591	1874	13	italian	italian	ADJ
iiclr-17591	1874	14	capitalism	capitalism	NOUN
iiclr-17591	1874	15	for	for	ADP
iiclr-17591	1874	16	being	be	AUX
iiclr-17591	1874	17	a	a	DET
iiclr-17591	1874	18	"	"	PUNCT
iiclr-17591	1874	19	capitalism	capitalism	NOUN
iiclr-17591	1874	20	without	without	ADP
iiclr-17591	1874	21	anonymous	anonymous	ADJ
iiclr-17591	1874	22	property	property	NOUN
iiclr-17591	1874	23	,	,	PUNCT
iiclr-17591	1874	24	"	"	PUNCT
iiclr-17591	1874	25	i.e.	i.e.	X
iiclr-17591	1874	26	,	,	PUNCT
iiclr-17591	1874	27	where	where	SCONJ
iiclr-17591	1874	28	ownership	ownership	NOUN
iiclr-17591	1874	29	and	and	CCONJ
iiclr-17591	1874	30	control	control	NOUN
iiclr-17591	1874	31	coincide	coincide	NOUN
iiclr-17591	1874	32	(	(	PUNCT
iiclr-17591	1874	33	i	i	PROPN
iiclr-17591	1874	34	d.	d.	PROPN
iiclr-17591	1874	35	at	at	ADP
iiclr-17591	1874	36	185	185	NUM
iiclr-17591	1874	37	)	)	PUNCT
iiclr-17591	1874	38	.	.	PUNCT
iiclr-17591	1875	1	again	again	ADV
iiclr-17591	1875	2	,	,	PUNCT
iiclr-17591	1875	3	it	it	PRON
iiclr-17591	1875	4	is	be	AUX
iiclr-17591	1875	5	possible	possible	ADJ
iiclr-17591	1875	6	that	that	SCONJ
iiclr-17591	1875	7	non	non	ADJ
iiclr-17591	1875	8	-	-	ADJ
iiclr-17591	1875	9	anonymous	anonymous	ADJ
iiclr-17591	1875	10	(	(	PUNCT
iiclr-17591	1875	11	indeed	indeed	ADV
iiclr-17591	1875	12	,	,	PUNCT
iiclr-17591	1875	13	extremely	extremely	ADV
iiclr-17591	1875	14	active	active	ADJ
iiclr-17591	1875	15	)	)	PUNCT
iiclr-17591	1875	16	owners	owner	NOUN
iiclr-17591	1875	17	will	will	AUX
iiclr-17591	1875	18	not	not	PART
iiclr-17591	1875	19	be	be	AUX
iiclr-17591	1875	20	the	the	DET
iiclr-17591	1875	21	most	most	ADV
iiclr-17591	1875	22	efficient	efficient	ADJ
iiclr-17591	1875	23	ones	one	NOUN
iiclr-17591	1875	24	,	,	PUNCT
iiclr-17591	1875	25	but	but	CCONJ
iiclr-17591	1875	26	i	i	PRON
iiclr-17591	1875	27	do	do	AUX
iiclr-17591	1875	28	not	not	PART
iiclr-17591	1875	29	see	see	VERB
iiclr-17591	1875	30	any	any	DET
iiclr-17591	1875	31	justification	justification	NOUN
iiclr-17591	1875	32	that	that	PRON
iiclr-17591	1875	33	compels	compel	VERB
iiclr-17591	1875	34	the	the	DET
iiclr-17591	1875	35	expropriation	expropriation	NOUN
iiclr-17591	1875	36	of	of	ADP
iiclr-17591	1875	37	their	their	PRON
iiclr-17591	1875	38	stability	stability	NOUN
iiclr-17591	1875	39	,	,	PUNCT
iiclr-17591	1875	40	so	so	ADV
iiclr-17591	1875	41	long	long	ADV
iiclr-17591	1875	42	as	as	SCONJ
iiclr-17591	1875	43	the	the	DET
iiclr-17591	1875	44	means	mean	NOUN
iiclr-17591	1875	45	by	by	ADP
iiclr-17591	1875	46	which	which	PRON
iiclr-17591	1875	47	they	they	PRON
iiclr-17591	1875	48	retain	retain	VERB
iiclr-17591	1875	49	control	control	NOUN
iiclr-17591	1875	50	are	be	AUX
iiclr-17591	1875	51	fair	fair	ADJ
iiclr-17591	1875	52	.	.	PUNCT
iiclr-17591	1876	1	(	(	PUNCT
iiclr-17591	1876	2	what	what	PRON
iiclr-17591	1876	3	is	be	AUX
iiclr-17591	1876	4	fair	fair	ADJ
iiclr-17591	1876	5	,	,	PUNCT
iiclr-17591	1876	6	in	in	ADP
iiclr-17591	1876	7	turn	turn	NOUN
iiclr-17591	1876	8	,	,	PUNCT
iiclr-17591	1876	9	may	may	AUX
iiclr-17591	1876	10	be	be	AUX
iiclr-17591	1876	11	debatable	debatable	ADJ
iiclr-17591	1876	12	.	.	PUNCT
iiclr-17591	1876	13	)	)	PUNCT
iiclr-17591	1877	1	moreover	moreover	ADV
iiclr-17591	1877	2	,	,	PUNCT
iiclr-17591	1877	3	it	it	PRON
iiclr-17591	1877	4	is	be	AUX
iiclr-17591	1877	5	possible	possible	ADJ
iiclr-17591	1877	6	that	that	SCONJ
iiclr-17591	1877	7	shareholders	shareholder	NOUN
iiclr-17591	1877	8	'	'	PART
iiclr-17591	1877	9	entrenchment	entrenchment	NOUN
iiclr-17591	1877	10	limits	limit	VERB
iiclr-17591	1877	11	growth	growth	NOUN
iiclr-17591	1877	12	,	,	PUNCT
iiclr-17591	1877	13	but	but	CCONJ
iiclr-17591	1877	14	this	this	PRON
iiclr-17591	1877	15	is	be	AUX
iiclr-17591	1877	16	not	not	PART
iiclr-17591	1877	17	the	the	DET
iiclr-17591	1877	18	end	end	NOUN
iiclr-17591	1877	19	,	,	PUNCT
iiclr-17591	1877	20	since	since	SCONJ
iiclr-17591	1877	21	the	the	DET
iiclr-17591	1877	22	market	market	NOUN
iiclr-17591	1877	23	is	be	AUX
iiclr-17591	1877	24	a	a	DET
iiclr-17591	1877	25	possible	possible	ADJ
iiclr-17591	1877	26	substitute	substitute	NOUN
iiclr-17591	1877	27	,	,	PUNCT
iiclr-17591	1877	28	and	and	CCONJ
iiclr-17591	1877	29	often	often	ADV
iiclr-17591	1877	30	a	a	DET
iiclr-17591	1877	31	very	very	ADV
iiclr-17591	1877	32	efficient	efficient	ADJ
iiclr-17591	1877	33	one	one	NOUN
iiclr-17591	1877	34	,	,	PUNCT
iiclr-17591	1877	35	for	for	ADP
iiclr-17591	1877	36	hierarchy	hierarchy	NOUN
iiclr-17591	1877	37	.	.	PUNCT
iiclr-17591	1878	1	in	in	ADP
iiclr-17591	1878	2	other	other	ADJ
iiclr-17591	1878	3	words	word	NOUN
iiclr-17591	1878	4	,	,	PUNCT
iiclr-17591	1878	5	i	i	PRON
iiclr-17591	1878	6	agree	agree	VERB
iiclr-17591	1878	7	that	that	SCONJ
iiclr-17591	1878	8	transfers	transfer	NOUN
iiclr-17591	1878	9	of	of	ADP
iiclr-17591	1878	10	control	control	NOUN
iiclr-17591	1878	11	should	should	AUX
iiclr-17591	1878	12	be	be	AUX
iiclr-17591	1878	13	eased	ease	VERB
iiclr-17591	1878	14	,	,	PUNCT
iiclr-17591	1878	15	but	but	CCONJ
iiclr-17591	1878	16	i	i	PRON
iiclr-17591	1878	17	do	do	AUX
iiclr-17591	1878	18	not	not	PART
iiclr-17591	1878	19	carry	carry	VERB
iiclr-17591	1878	20	the	the	DET
iiclr-17591	1878	21	argument	argument	NOUN
iiclr-17591	1878	22	to	to	ADP
iiclr-17591	1878	23	the	the	DET
iiclr-17591	1878	24	conclusion	conclusion	NOUN
iiclr-17591	1878	25	that	that	SCONJ
iiclr-17591	1878	26	it	it	PRON
iiclr-17591	1878	27	should	should	AUX
iiclr-17591	1878	28	always	always	ADV
iiclr-17591	1878	29	be	be	AUX
iiclr-17591	1878	30	possible	possible	ADJ
iiclr-17591	1878	31	even	even	ADV
iiclr-17591	1878	32	against	against	ADP
iiclr-17591	1878	33	the	the	DET
iiclr-17591	1878	34	will	will	NOUN
iiclr-17591	1878	35	of	of	ADP
iiclr-17591	1878	36	the	the	DET
iiclr-17591	1878	37	owner	owner	NOUN
iiclr-17591	1878	38	(	(	PUNCT
iiclr-17591	1878	39	i.e.	i.e.	X
iiclr-17591	1878	40	,	,	PUNCT
iiclr-17591	1878	41	in	in	ADP
iiclr-17591	1878	42	practice	practice	NOUN
iiclr-17591	1878	43	,	,	PUNCT
iiclr-17591	1878	44	by	by	ADP
iiclr-17591	1878	45	means	mean	NOUN
iiclr-17591	1878	46	of	of	ADP
iiclr-17591	1878	47	a	a	DET
iiclr-17591	1878	48	hostile	hostile	ADJ
iiclr-17591	1878	49	takeover	takeover	NOUN
iiclr-17591	1878	50	)	)	PUNCT
iiclr-17591	1878	51	.	.	PUNCT
iiclr-17591	1879	1	objections	objection	NOUN
iiclr-17591	1879	2	to	to	ADP
iiclr-17591	1879	3	this	this	DET
iiclr-17591	1879	4	kind	kind	NOUN
iiclr-17591	1879	5	of	of	ADP
iiclr-17591	1879	6	approach	approach	NOUN
iiclr-17591	1879	7	can	can	AUX
iiclr-17591	1879	8	go	go	VERB
iiclr-17591	1879	9	even	even	ADV
iiclr-17591	1879	10	further	far	ADV
iiclr-17591	1879	11	.	.	PUNCT
iiclr-17591	1880	1	what	what	PRON
iiclr-17591	1880	2	is	be	AUX
iiclr-17591	1880	3	"	"	PUNCT
iiclr-17591	1880	4	efficient	efficient	ADJ
iiclr-17591	1880	5	"	"	PUNCT
iiclr-17591	1880	6	depends	depend	VERB
iiclr-17591	1880	7	on	on	ADP
iiclr-17591	1880	8	a	a	DET
iiclr-17591	1880	9	variety	variety	NOUN
iiclr-17591	1880	10	of	of	ADP
iiclr-17591	1880	11	factors	factor	NOUN
iiclr-17591	1880	12	,	,	PUNCT
iiclr-17591	1880	13	only	only	ADV
iiclr-17591	1880	14	part	part	NOUN
iiclr-17591	1880	15	of	of	ADP
iiclr-17591	1880	16	which	which	PRON
iiclr-17591	1880	17	is	be	AUX
iiclr-17591	1880	18	strictly	strictly	ADV
iiclr-17591	1880	19	economically	economically	ADV
iiclr-17591	1880	20	driven	drive	VERB
iiclr-17591	1880	21	.	.	PUNCT
iiclr-17591	1881	1	in	in	ADP
iiclr-17591	1881	2	the	the	DET
iiclr-17591	1881	3	same	same	ADJ
iiclr-17591	1881	4	way	way	NOUN
iiclr-17591	1881	5	that	that	PRON
iiclr-17591	1881	6	firms	firm	NOUN
iiclr-17591	1881	7	can	can	AUX
iiclr-17591	1881	8	not	not	PART
iiclr-17591	1881	9	be	be	AUX
iiclr-17591	1881	10	considered	consider	VERB
iiclr-17591	1881	11	simply	simply	ADV
iiclr-17591	1881	12	factors	factor	NOUN
iiclr-17591	1881	13	of	of	ADP
iiclr-17591	1881	14	production	production	NOUN
iiclr-17591	1881	15	(	(	PUNCT
iiclr-17591	1881	16	as	as	ADP
iiclr-17591	1881	17	coase	coase	PROPN
iiclr-17591	1881	18	,	,	PUNCT
iiclr-17591	1881	19	the	the	DET
iiclr-17591	1881	20	nature	nature	NOUN
iiclr-17591	1881	21	of	of	ADP
iiclr-17591	1881	22	the	the	DET
iiclr-17591	1881	23	firm	firm	NOUN
iiclr-17591	1881	24	,	,	PUNCT
iiclr-17591	1881	25	supra	supra	PROPN
iiclr-17591	1881	26	note	note	NOUN
iiclr-17591	1881	27	116	116	NUM
iiclr-17591	1881	28	,	,	PUNCT
iiclr-17591	1881	29	taught	teach	VERB
iiclr-17591	1881	30	us	we	PRON
iiclr-17591	1881	31	)	)	PUNCT
iiclr-17591	1881	32	.	.	PUNCT
iiclr-17591	1882	1	also	also	ADV
iiclr-17591	1882	2	ownership	ownership	NOUN
iiclr-17591	1882	3	rights	right	NOUN
iiclr-17591	1882	4	over	over	ADP
iiclr-17591	1882	5	firms	firm	NOUN
iiclr-17591	1882	6	can	can	AUX
iiclr-17591	1882	7	not	not	PART
iiclr-17591	1882	8	be	be	AUX
iiclr-17591	1882	9	considered	consider	VERB
iiclr-17591	1882	10	simply	simply	ADV
iiclr-17591	1882	11	"	"	PUNCT
iiclr-17591	1882	12	factors	factor	NOUN
iiclr-17591	1882	13	of	of	ADP
iiclr-17591	1882	14	ownership	ownership	NOUN
iiclr-17591	1882	15	,	,	PUNCT
iiclr-17591	1882	16	"	"	PUNCT
iiclr-17591	1882	17	the	the	DET
iiclr-17591	1882	18	efficiency	efficiency	NOUN
iiclr-17591	1882	19	of	of	ADP
iiclr-17591	1882	20	whose	whose	DET
iiclr-17591	1882	21	allocation	allocation	NOUN
iiclr-17591	1882	22	can	can	AUX
iiclr-17591	1882	23	be	be	AUX
iiclr-17591	1882	24	measured	measure	VERB
iiclr-17591	1882	25	regardless	regardless	ADV
iiclr-17591	1882	26	of	of	ADP
iiclr-17591	1882	27	the	the	DET
iiclr-17591	1882	28	entire	entire	ADJ
iiclr-17591	1882	29	context	context	NOUN
iiclr-17591	1882	30	.	.	PUNCT
iiclr-17591	1883	1	the	the	DET
iiclr-17591	1883	2	context	context	NOUN
iiclr-17591	1883	3	determines	determine	VERB
iiclr-17591	1883	4	not	not	PART
iiclr-17591	1883	5	only	only	ADV
iiclr-17591	1883	6	which	which	DET
iiclr-17591	1883	7	class	class	NOUN
iiclr-17591	1883	8	of	of	ADP
iiclr-17591	1883	9	"	"	PUNCT
iiclr-17591	1883	10	patrons	patron	NOUN
iiclr-17591	1883	11	"	"	PUNCT
iiclr-17591	1883	12	will	will	AUX
iiclr-17591	1883	13	own	own	VERB
iiclr-17591	1883	14	the	the	DET
iiclr-17591	1883	15	firm	firm	NOUN
iiclr-17591	1883	16	(	(	PUNCT
iiclr-17591	1883	17	and	and	CCONJ
iiclr-17591	1883	18	on	on	ADP
iiclr-17591	1883	19	this	this	DET
iiclr-17591	1883	20	aspect	aspect	NOUN
iiclr-17591	1883	21	see	see	VERB
iiclr-17591	1883	22	the	the	DET
iiclr-17591	1883	23	pathbreaking	pathbreake	VERB
iiclr-17591	1883	24	work	work	NOUN
iiclr-17591	1883	25	by	by	ADP
iiclr-17591	1883	26	hansmann	hansmann	NOUN
iiclr-17591	1883	27	,	,	PUNCT
iiclr-17591	1883	28	supra	supra	PROPN
iiclr-17591	1883	29	note	note	PROPN
iiclr-17591	1883	30	156	156	NUM
iiclr-17591	1883	31	)	)	PUNCT
iiclr-17591	1883	32	,	,	PUNCT
iiclr-17591	1883	33	but	but	CCONJ
iiclr-17591	1883	34	also	also	ADV
iiclr-17591	1883	35	how	how	SCONJ
iiclr-17591	1883	36	ownership	ownership	NOUN
iiclr-17591	1883	37	will	will	AUX
iiclr-17591	1883	38	be	be	AUX
iiclr-17591	1883	39	structured	structure	VERB
iiclr-17591	1883	40	among	among	ADP
iiclr-17591	1883	41	a	a	DET
iiclr-17591	1883	42	class	class	NOUN
iiclr-17591	1883	43	of	of	ADP
iiclr-17591	1883	44	patrons	patron	NOUN
iiclr-17591	1883	45	.	.	PUNCT
iiclr-17591	1884	1	for	for	ADP
iiclr-17591	1884	2	instance	instance	NOUN
iiclr-17591	1884	3	,	,	PUNCT
iiclr-17591	1884	4	the	the	DET
iiclr-17591	1884	5	ownership	ownership	NOUN
iiclr-17591	1884	6	structure	structure	NOUN
iiclr-17591	1884	7	of	of	ADP
iiclr-17591	1884	8	a	a	DET
iiclr-17591	1884	9	closely	closely	ADV
iiclr-17591	1884	10	held	hold	VERB
iiclr-17591	1884	11	firm	firm	NOUN
iiclr-17591	1884	12	may	may	AUX
iiclr-17591	1884	13	be	be	AUX
iiclr-17591	1884	14	"	"	PUNCT
iiclr-17591	1884	15	inefficient	inefficient	ADJ
iiclr-17591	1884	16	,	,	PUNCT
iiclr-17591	1884	17	"	"	PUNCT
iiclr-17591	1884	18	or	or	CCONJ
iiclr-17591	1884	19	"	"	PUNCT
iiclr-17591	1884	20	suboptimal	suboptimal	ADJ
iiclr-17591	1884	21	"	"	PUNCT
iiclr-17591	1884	22	(	(	PUNCT
iiclr-17591	1884	23	this	this	DET
iiclr-17591	1884	24	statement	statement	NOUN
iiclr-17591	1884	25	is	be	AUX
iiclr-17591	1884	26	rather	rather	ADV
iiclr-17591	1884	27	common	common	ADJ
iiclr-17591	1884	28	in	in	ADP
iiclr-17591	1884	29	italy	italy	PROPN
iiclr-17591	1884	30	)	)	PUNCT
iiclr-17591	1884	31	,	,	PUNCT
iiclr-17591	1884	32	but	but	CCONJ
iiclr-17591	1884	33	,	,	PUNCT
iiclr-17591	1884	34	given	give	VERB
iiclr-17591	1884	35	the	the	DET
iiclr-17591	1884	36	people	people	NOUN
iiclr-17591	1884	37	that	that	PRON
iiclr-17591	1884	38	run	run	VERB
iiclr-17591	1884	39	it	it	PRON
iiclr-17591	1884	40	,	,	PUNCT
iiclr-17591	1884	41	or	or	CCONJ
iiclr-17591	1884	42	given	give	VERB
iiclr-17591	1884	43	many	many	ADJ
iiclr-17591	1884	44	other	other	ADJ
iiclr-17591	1884	45	factors	factor	NOUN
iiclr-17591	1884	46	,	,	PUNCT
iiclr-17591	1884	47	a	a	DET
iiclr-17591	1884	48	widely	widely	ADV
iiclr-17591	1884	49	held	hold	VERB
iiclr-17591	1884	50	firm	firm	NOUN
iiclr-17591	1884	51	might	might	AUX
iiclr-17591	1884	52	never	never	ADV
iiclr-17591	1884	53	have	have	AUX
iiclr-17591	1884	54	been	be	AUX
iiclr-17591	1884	55	born	bear	VERB
iiclr-17591	1884	56	or	or	CCONJ
iiclr-17591	1884	57	might	might	AUX
iiclr-17591	1884	58	not	not	PART
iiclr-17591	1884	59	have	have	AUX
iiclr-17591	1884	60	survived	survive	VERB
iiclr-17591	1884	61	.	.	PUNCT
iiclr-17591	1885	1	(	(	PUNCT
iiclr-17591	1885	2	see	see	VERB
iiclr-17591	1885	3	the	the	DET
iiclr-17591	1885	4	consideration	consideration	NOUN
iiclr-17591	1885	5	of	of	ADP
iiclr-17591	1885	6	intangible	intangible	ADJ
iiclr-17591	1885	7	factors	factor	NOUN
iiclr-17591	1885	8	that	that	PRON
iiclr-17591	1885	9	possibly	possibly	ADV
iiclr-17591	1885	10	contribute	contribute	VERB
iiclr-17591	1885	11	to	to	ADP
iiclr-17591	1885	12	shaping	shape	VERB
iiclr-17591	1885	13	industrial	industrial	ADJ
iiclr-17591	1885	14	organization	organization	NOUN
iiclr-17591	1885	15	in	in	ADP
iiclr-17591	1885	16	ronald	ronald	PROPN
iiclr-17591	1885	17	1	1	NUM
iiclr-17591	1885	18	.	.	PUNCT
iiclr-17591	1885	19	gilson	gilson	PROPN
iiclr-17591	1885	20	&	&	CCONJ
iiclr-17591	1885	21	mark	mark	PROPN
iiclr-17591	1885	22	j.	j.	PROPN
iiclr-17591	1885	23	roe	roe	PROPN
iiclr-17591	1885	24	,	,	PUNCT
iiclr-17591	1885	25	supra	supra	PROPN
iiclr-17591	1885	26	note	note	PROPN
iiclr-17591	1885	27	179	179	NUM
iiclr-17591	1885	28	,	,	PUNCT
iiclr-17591	1885	29	at	at	ADP
iiclr-17591	1885	30	899	899	NUM
iiclr-17591	1885	31	.	.	PUNCT
iiclr-17591	1886	1	japanese	japanese	ADJ
iiclr-17591	1886	2	traditional	traditional	ADJ
iiclr-17591	1886	3	reluctance	reluctance	NOUN
iiclr-17591	1886	4	to	to	PART
iiclr-17591	1886	5	use	use	VERB
iiclr-17591	1886	6	the	the	DET
iiclr-17591	1886	7	courts	court	NOUN
iiclr-17591	1886	8	may	may	AUX
iiclr-17591	1886	9	have	have	AUX
iiclr-17591	1886	10	imposed	impose	VERB
iiclr-17591	1886	11	a	a	DET
iiclr-17591	1886	12	higher	high	ADJ
iiclr-17591	1886	13	degree	degree	NOUN
iiclr-17591	1886	14	of	of	ADP
iiclr-17591	1886	15	vertical	vertical	ADJ
iiclr-17591	1886	16	integration	integration	NOUN
iiclr-17591	1886	17	,	,	PUNCT
iiclr-17591	1886	18	which	which	PRON
iiclr-17591	1886	19	is	be	AUX
iiclr-17591	1886	20	a	a	DET
iiclr-17591	1886	21	non	non	ADJ
iiclr-17591	1886	22	-	-	ADJ
iiclr-17591	1886	23	adversarial	adversarial	ADJ
iiclr-17591	1886	24	governance	governance	NOUN
iiclr-17591	1886	25	technique	technique	NOUN
iiclr-17591	1886	26	of	of	ADP
iiclr-17591	1886	27	long	long	ADJ
iiclr-17591	1886	28	-	-	PUNCT
iiclr-17591	1886	29	term	term	NOUN
iiclr-17591	1886	30	relationships	relationship	NOUN
iiclr-17591	1886	31	.	.	PUNCT
iiclr-17591	1886	32	)	)	PUNCT
iiclr-17591	1887	1	therefore	therefore	ADV
iiclr-17591	1887	2	,	,	PUNCT
iiclr-17591	1887	3	which	which	DET
iiclr-17591	1887	4	ownership	ownership	NOUN
iiclr-17591	1887	5	structure	structure	NOUN
iiclr-17591	1887	6	is	be	AUX
iiclr-17591	1887	7	best	good	ADJ
iiclr-17591	1887	8	,	,	PUNCT
iiclr-17591	1887	9	if	if	SCONJ
iiclr-17591	1887	10	there	there	PRON
iiclr-17591	1887	11	is	be	VERB
iiclr-17591	1887	12	one	one	NUM
iiclr-17591	1887	13	,	,	PUNCT
iiclr-17591	1887	14	is	be	AUX
iiclr-17591	1887	15	only	only	ADV
iiclr-17591	1887	16	partly	partly	ADV
iiclr-17591	1887	17	assessable	assessable	ADJ
iiclr-17591	1887	18	using	use	VERB
iiclr-17591	1887	19	solely	solely	ADV
iiclr-17591	1887	20	economic	economic	ADJ
iiclr-17591	1887	21	tools	tool	NOUN
iiclr-17591	1887	22	,	,	PUNCT
iiclr-17591	1887	23	and	and	CCONJ
iiclr-17591	1887	24	it	it	PRON
iiclr-17591	1887	25	is	be	AUX
iiclr-17591	1887	26	an	an	DET
iiclr-17591	1887	27	extremely	extremely	ADV
iiclr-17591	1887	28	difficult	difficult	ADJ
iiclr-17591	1887	29	target	target	NOUN
iiclr-17591	1887	30	of	of	ADP
iiclr-17591	1887	31	regulatory	regulatory	ADJ
iiclr-17591	1887	32	interventions	intervention	NOUN
iiclr-17591	1887	33	.	.	PUNCT
iiclr-17591	1888	1	the	the	DET
iiclr-17591	1888	2	preferable	preferable	ADJ
iiclr-17591	1888	3	approach	approach	NOUN
iiclr-17591	1888	4	is	be	AUX
iiclr-17591	1888	5	not	not	PART
iiclr-17591	1888	6	that	that	PRON
iiclr-17591	1888	7	of	of	ADP
iiclr-17591	1888	8	mandating	mandate	VERB
iiclr-17591	1888	9	solutions	solution	NOUN
iiclr-17591	1888	10	,	,	PUNCT
iiclr-17591	1888	11	but	but	CCONJ
iiclr-17591	1888	12	of	of	ADP
iiclr-17591	1888	13	creating	create	VERB
iiclr-17591	1888	14	alternatives	alternative	NOUN
iiclr-17591	1888	15	(	(	PUNCT
iiclr-17591	1888	16	roe	roe	NOUN
iiclr-17591	1888	17	,	,	PUNCT
iiclr-17591	1888	18	supra	supra	PROPN
iiclr-17591	1888	19	note	note	PROPN
iiclr-17591	1888	20	16	16	NUM
iiclr-17591	1888	21	,	,	PUNCT
iiclr-17591	1888	22	at	at	ADP
iiclr-17591	1888	23	xi	xi	PROPN
iiclr-17591	1888	24	)	)	PUNCT
iiclr-17591	1888	25	.	.	PUNCT
iiclr-17591	1889	1	once	once	ADV
iiclr-17591	1889	2	broad	broad	ADJ
iiclr-17591	1889	3	economic	economic	ADJ
iiclr-17591	1889	4	policy	policy	NOUN
iiclr-17591	1889	5	goals	goal	NOUN
iiclr-17591	1889	6	are	be	AUX
iiclr-17591	1889	7	set	set	VERB
iiclr-17591	1889	8	and	and	CCONJ
iiclr-17591	1889	9	regulatory	regulatory	ADJ
iiclr-17591	1889	10	-	-	PUNCT
iiclr-17591	1889	11	supervisory	supervisory	ADJ
iiclr-17591	1889	12	agencies	agency	NOUN
iiclr-17591	1889	13	are	be	AUX
iiclr-17591	1889	14	established	establish	VERB
iiclr-17591	1889	15	,	,	PUNCT
iiclr-17591	1889	16	the	the	DET
iiclr-17591	1889	17	availability	availability	NOUN
iiclr-17591	1889	18	of	of	ADP
iiclr-17591	1889	19	alternatives	alternative	NOUN
iiclr-17591	1889	20	would	would	AUX
iiclr-17591	1889	21	presumably	presumably	ADV
iiclr-17591	1889	22	yield	yield	VERB
iiclr-17591	1889	23	the	the	DET
iiclr-17591	1889	24	ownership	ownership	NOUN
iiclr-17591	1889	25	structure	structure	NOUN
iiclr-17591	1889	26	.	.	PUNCT
iiclr-17591	1890	1	very	very	ADV
iiclr-17591	1890	2	strong	strong	ADJ
iiclr-17591	1890	3	arguments	argument	NOUN
iiclr-17591	1890	4	seem	seem	VERB
iiclr-17591	1890	5	necessary	necessary	ADJ
iiclr-17591	1890	6	to	to	PART
iiclr-17591	1890	7	second	second	ADJ
iiclr-17591	1890	8	-	-	PUNCT
iiclr-17591	1890	9	guess	guess	VERB
iiclr-17591	1890	10	the	the	DET
iiclr-17591	1890	11	optimality	optimality	NOUN
iiclr-17591	1890	12	of	of	ADP
iiclr-17591	1890	13	spontaneous	spontaneous	ADJ
iiclr-17591	1890	14	arrangements	arrangement	NOUN
iiclr-17591	1890	15	(	(	PUNCT
iiclr-17591	1890	16	"	"	PUNCT
iiclr-17591	1890	17	[	[	X
iiclr-17591	1890	18	i]t	i]t	PROPN
iiclr-17591	1890	19	is	be	AUX
iiclr-17591	1890	20	a	a	DET
iiclr-17591	1890	21	reasonable	reasonable	ADJ
iiclr-17591	1890	22	research	research	NOUN
iiclr-17591	1890	23	strategy	strategy	NOUN
iiclr-17591	1890	24	to	to	PART
iiclr-17591	1890	25	assume	assume	VERB
iiclr-17591	1890	26	that	that	SCONJ
iiclr-17591	1890	27	the	the	DET
iiclr-17591	1890	28	agreements	agreement	NOUN
iiclr-17591	1890	29	reflect	reflect	VERB
iiclr-17591	1890	30	the	the	DET
iiclr-17591	1890	31	purposive	purposive	ADJ
iiclr-17591	1890	32	behavior	behavior	NOUN
iiclr-17591	1890	33	of	of	ADP
iiclr-17591	1890	34	the	the	DET
iiclr-17591	1890	35	parties	party	NOUN
iiclr-17591	1890	36	.	.	PUNCT
iiclr-17591	1890	37	"	"	PUNCT
iiclr-17591	1891	1	(	(	PUNCT
iiclr-17591	1891	2	victor	victor	PROPN
iiclr-17591	1891	3	p.	p.	PROPN
iiclr-17591	1891	4	goldberg	goldberg	PROPN
iiclr-17591	1891	5	,	,	PUNCT
iiclr-17591	1891	6	relational	relational	ADJ
iiclr-17591	1891	7	exchange	exchange	NOUN
iiclr-17591	1891	8	:	:	PUNCT
iiclr-17591	1891	9	economics	economic	NOUN
iiclr-17591	1891	10	and	and	CCONJ
iiclr-17591	1891	11	complex	complex	ADJ
iiclr-17591	1891	12	contracts	contract	NOUN
iiclr-17591	1891	13	,	,	PUNCT
iiclr-17591	1891	14	23	23	NUM
iiclr-17591	1891	15	american	american	ADJ
iiclr-17591	1891	16	behavioral	behavioral	ADJ
iiclr-17591	1891	17	scientist	scientist	NOUN
iiclr-17591	1891	18	337	337	NUM
iiclr-17591	1891	19	(	(	PUNCT
iiclr-17591	1891	20	1980	1980	NUM
iiclr-17591	1891	21	)	)	PUNCT
iiclr-17591	1891	22	,	,	PUNCT
iiclr-17591	1891	23	reprinted	reprint	VERB
iiclr-17591	1891	24	in	in	ADP
iiclr-17591	1891	25	victor	victor	PROPN
iiclr-17591	1891	26	p.	p.	PROPN
iiclr-17591	1891	27	goldberg	goldberg	PROPN
iiclr-17591	1891	28	,	,	PUNCT
iiclr-17591	1891	29	readings	reading	NOUN
iiclr-17591	1891	30	in	in	ADP
iiclr-17591	1891	31	the	the	DET
iiclr-17591	1891	32	economics	economic	NOUN
iiclr-17591	1891	33	of	of	ADP
iiclr-17591	1891	34	contract	contract	NOUN
iiclr-17591	1891	35	law	law	NOUN
iiclr-17591	1891	36	16	16	NUM
iiclr-17591	1891	37	,	,	PUNCT
iiclr-17591	1891	38	17	17	NUM
iiclr-17591	1891	39	)	)	PUNCT
iiclr-17591	1891	40	)	)	PUNCT
iiclr-17591	1891	41	.	.	PUNCT
iiclr-17591	1892	1	[	[	X
iiclr-17591	1892	2	vol	vol	NOUN
iiclr-17591	1892	3	.	.	PUNCT
iiclr-17591	1893	1	6:1	6:1	NUM
iiclr-17591	1893	2	corporate	corporate	ADJ
iiclr-17591	1893	3	governance	governance	NOUN
iiclr-17591	1893	4	in	in	ADP
iiclr-17591	1893	5	italy	italy	PROPN
iiclr-17591	1893	6	finding	find	VERB
iiclr-17591	1893	7	that	that	SCONJ
iiclr-17591	1893	8	it	it	PRON
iiclr-17591	1893	9	is	be	AUX
iiclr-17591	1893	10	based	base	VERB
iiclr-17591	1893	11	on	on	ADP
iiclr-17591	1893	12	the	the	DET
iiclr-17591	1893	13	action	action	NOUN
iiclr-17591	1893	14	of	of	ADP
iiclr-17591	1893	15	strong	strong	ADJ
iiclr-17591	1893	16	owners	owner	NOUN
iiclr-17591	1893	17	.	.	PUNCT
iiclr-17591	1894	1	among	among	ADP
iiclr-17591	1894	2	the	the	DET
iiclr-17591	1894	3	advantages	advantage	NOUN
iiclr-17591	1894	4	,	,	PUNCT
iiclr-17591	1894	5	reduced	reduce	VERB
iiclr-17591	1894	6	(	(	PUNCT
iiclr-17591	1894	7	or	or	CCONJ
iiclr-17591	1894	8	absent	absent	ADJ
iiclr-17591	1894	9	)	)	PUNCT
iiclr-17591	1894	10	agency	agency	NOUN
iiclr-17591	1894	11	costs	cost	VERB
iiclr-17591	1894	12	29	29	NUM
iiclr-17591	1894	13	and	and	CCONJ
iiclr-17591	1894	14	convergence	convergence	NOUN
iiclr-17591	1894	15	of	of	ADP
iiclr-17591	1894	16	interests	interest	NOUN
iiclr-17591	1894	17	among	among	ADP
iiclr-17591	1894	18	shareholders	shareholder	NOUN
iiclr-17591	1894	19	stand	stand	VERB
iiclr-17591	1894	20	out	out	ADP
iiclr-17591	1894	21	.	.	PUNCT
iiclr-17591	1895	1	an	an	DET
iiclr-17591	1895	2	active	active	ADJ
iiclr-17591	1895	3	shareholder	shareholder	NOUN
iiclr-17591	1895	4	prevents	prevent	VERB
iiclr-17591	1895	5	managerial	managerial	ADJ
iiclr-17591	1895	6	slack	slack	NOUN
iiclr-17591	1895	7	without	without	ADP
iiclr-17591	1895	8	incurring	incur	VERB
iiclr-17591	1895	9	the	the	DET
iiclr-17591	1895	10	possible	possible	ADJ
iiclr-17591	1895	11	conflict	conflict	NOUN
iiclr-17591	1895	12	of	of	ADP
iiclr-17591	1895	13	interests	interest	NOUN
iiclr-17591	1895	14	inherent	inherent	ADJ
iiclr-17591	1895	15	in	in	ADP
iiclr-17591	1895	16	a	a	DET
iiclr-17591	1895	17	multi	multi	ADJ
iiclr-17591	1895	18	-	-	ADJ
iiclr-17591	1895	19	dimensional	dimensional	ADJ
iiclr-17591	1895	20	monitoring.2	monitoring.2	NOUN
iiclr-17591	1895	21	3	3	NUM
iiclr-17591	1895	22	shareholders	shareholder	NOUN
iiclr-17591	1895	23	'	'	PART
iiclr-17591	1895	24	agreements	agreement	NOUN
iiclr-17591	1895	25	can	can	AUX
iiclr-17591	1895	26	be	be	AUX
iiclr-17591	1895	27	viewed	view	VERB
iiclr-17591	1895	28	as	as	ADP
iiclr-17591	1895	29	an	an	DET
iiclr-17591	1895	30	institution	institution	NOUN
iiclr-17591	1895	31	that	that	PRON
iiclr-17591	1895	32	performs	perform	VERB
iiclr-17591	1895	33	a	a	DET
iiclr-17591	1895	34	useful	useful	ADJ
iiclr-17591	1895	35	role	role	NOUN
iiclr-17591	1895	36	in	in	ADP
iiclr-17591	1895	37	industrial	industrial	ADJ
iiclr-17591	1895	38	organization	organization	NOUN
iiclr-17591	1895	39	by	by	ADP
iiclr-17591	1895	40	creating	create	VERB
iiclr-17591	1895	41	long	long	ADJ
iiclr-17591	1895	42	-	-	PUNCT
iiclr-17591	1895	43	term	term	NOUN
iiclr-17591	1895	44	relationships	relationship	NOUN
iiclr-17591	1895	45	among	among	ADP
iiclr-17591	1895	46	finns	finn	NOUN
iiclr-17591	1895	47	.	.	PUNCT
iiclr-17591	1896	1	23	23	NUM
iiclr-17591	1896	2	'	'	PUNCT
iiclr-17591	1896	3	among	among	ADP
iiclr-17591	1896	4	the	the	DET
iiclr-17591	1896	5	disadvantages	disadvantage	NOUN
iiclr-17591	1896	6	,	,	PUNCT
iiclr-17591	1896	7	one	one	PRON
iiclr-17591	1896	8	finds	find	VERB
iiclr-17591	1896	9	risk	risk	NOUN
iiclr-17591	1896	10	of	of	ADP
iiclr-17591	1896	11	appropriation	appropriation	NOUN
iiclr-17591	1896	12	of	of	ADP
iiclr-17591	1896	13	corporate	corporate	ADJ
iiclr-17591	1896	14	wealth	wealth	NOUN
iiclr-17591	1896	15	and	and	CCONJ
iiclr-17591	1896	16	entrenchment	entrenchment	NOUN
iiclr-17591	1896	17	(	(	PUNCT
iiclr-17591	1896	18	not	not	PART
iiclr-17591	1896	19	by	by	ADP
iiclr-17591	1896	20	managers	manager	NOUN
iiclr-17591	1896	21	,	,	PUNCT
iiclr-17591	1896	22	but	but	CCONJ
iiclr-17591	1896	23	)	)	PUNCT
iiclr-17591	1896	24	by	by	ADP
iiclr-17591	1896	25	controlling	control	VERB
iiclr-17591	1896	26	shareholders	shareholder	NOUN
iiclr-17591	1896	27	.	.	PUNCT
iiclr-17591	1897	1	32	32	NUM
iiclr-17591	1898	1	while	while	SCONJ
iiclr-17591	1898	2	many	many	ADJ
iiclr-17591	1898	3	institutions	institution	NOUN
iiclr-17591	1898	4	impose	impose	VERB
iiclr-17591	1898	5	constraints	constraint	NOUN
iiclr-17591	1898	6	on	on	ADP
iiclr-17591	1898	7	the	the	DET
iiclr-17591	1898	8	ability	ability	NOUN
iiclr-17591	1898	9	of	of	ADP
iiclr-17591	1898	10	controlling	control	VERB
iiclr-17591	1898	11	shareholders	shareholder	NOUN
iiclr-17591	1898	12	to	to	PART
iiclr-17591	1898	13	appropriate	appropriate	VERB
iiclr-17591	1898	14	corporate	corporate	ADJ
iiclr-17591	1898	15	resources	resource	NOUN
iiclr-17591	1898	16	,	,	PUNCT
iiclr-17591	1898	17	at	at	ADP
iiclr-17591	1898	18	least	least	ADJ
iiclr-17591	1898	19	when	when	SCONJ
iiclr-17591	1898	20	the	the	DET
iiclr-17591	1898	21	company	company	NOUN
iiclr-17591	1898	22	is	be	AUX
iiclr-17591	1898	23	exposed	expose	VERB
iiclr-17591	1898	24	to	to	ADP
iiclr-17591	1898	25	the	the	DET
iiclr-17591	1898	26	attention	attention	NOUN
iiclr-17591	1898	27	of	of	ADP
iiclr-17591	1898	28	the	the	DET
iiclr-17591	1898	29	public	public	NOUN
iiclr-17591	1898	30	,	,	PUNCT
iiclr-17591	1898	31	the	the	DET
iiclr-17591	1898	32	risk	risk	NOUN
iiclr-17591	1898	33	that	that	SCONJ
iiclr-17591	1898	34	controlling	control	VERB
iiclr-17591	1898	35	shareholders	shareholder	NOUN
iiclr-17591	1898	36	,	,	PUNCT
iiclr-17591	1898	37	fearing	fear	VERB
iiclr-17591	1898	38	loss	loss	NOUN
iiclr-17591	1898	39	of	of	ADP
iiclr-17591	1898	40	control	control	NOUN
iiclr-17591	1898	41	,	,	PUNCT
iiclr-17591	1898	42	may	may	AUX
iiclr-17591	1898	43	inadequately	inadequately	ADV
iiclr-17591	1898	44	capitalize	capitalize	VERB
iiclr-17591	1898	45	the	the	DET
iiclr-17591	1898	46	firm	firm	NOUN
iiclr-17591	1898	47	is	be	AUX
iiclr-17591	1898	48	serious.233	serious.233	NUM
iiclr-17591	1898	49	229	229	NUM
iiclr-17591	1898	50	.	.	PUNCT
iiclr-17591	1899	1	the	the	DET
iiclr-17591	1899	2	well	well	ADV
iiclr-17591	1899	3	-	-	PUNCT
iiclr-17591	1899	4	known	know	VERB
iiclr-17591	1899	5	,	,	PUNCT
iiclr-17591	1899	6	black	black	ADJ
iiclr-17591	1899	7	letter	letter	NOUN
iiclr-17591	1899	8	proposition	proposition	NOUN
iiclr-17591	1899	9	that	that	SCONJ
iiclr-17591	1899	10	agency	agency	NOUN
iiclr-17591	1899	11	costs	cost	NOUN
iiclr-17591	1899	12	are	be	AUX
iiclr-17591	1899	13	inversely	inversely	ADV
iiclr-17591	1899	14	correlated	correlate	VERB
iiclr-17591	1899	15	with	with	ADP
iiclr-17591	1899	16	the	the	DET
iiclr-17591	1899	17	managers	manager	NOUN
iiclr-17591	1899	18	'	'	PART
iiclr-17591	1899	19	sham	sham	NOUN
iiclr-17591	1899	20	in	in	ADP
iiclr-17591	1899	21	the	the	DET
iiclr-17591	1899	22	firm	firm	NOUN
iiclr-17591	1899	23	's	's	PART
iiclr-17591	1899	24	residual	residual	ADJ
iiclr-17591	1899	25	earnings	earning	NOUN
iiclr-17591	1899	26	is	be	AUX
iiclr-17591	1899	27	stated	state	VERB
iiclr-17591	1899	28	by	by	ADP
iiclr-17591	1899	29	michael	michael	PROPN
iiclr-17591	1899	30	c.	c.	PROPN
iiclr-17591	1899	31	jensen	jensen	PROPN
iiclr-17591	1899	32	&	&	CCONJ
iiclr-17591	1899	33	william	william	PROPN
iiclr-17591	1899	34	h.	h.	PROPN
iiclr-17591	1899	35	meckling	meckling	PROPN
iiclr-17591	1899	36	,	,	PUNCT
iiclr-17591	1899	37	theory	theory	NOUN
iiclr-17591	1899	38	of	of	ADP
iiclr-17591	1899	39	the	the	DET
iiclr-17591	1899	40	finn	finn	PROPN
iiclr-17591	1899	41	:	:	PUNCT
iiclr-17591	1899	42	managerial	managerial	ADJ
iiclr-17591	1899	43	behavior	behavior	NOUN
iiclr-17591	1899	44	,	,	PUNCT
iiclr-17591	1899	45	agency	agency	NOUN
iiclr-17591	1899	46	costs	cost	NOUN
iiclr-17591	1899	47	and	and	CCONJ
iiclr-17591	1899	48	ownership	ownership	NOUN
iiclr-17591	1899	49	structure	structure	NOUN
iiclr-17591	1899	50	,	,	PUNCT
iiclr-17591	1899	51	3	3	NUM
iiclr-17591	1899	52	journal	journal	NOUN
iiclr-17591	1899	53	of	of	ADP
iiclr-17591	1899	54	financial	financial	ADJ
iiclr-17591	1899	55	economics	economic	NOUN
iiclr-17591	1899	56	305	305	NUM
iiclr-17591	1899	57	(	(	PUNCT
iiclr-17591	1899	58	1976	1976	NUM
iiclr-17591	1899	59	)	)	PUNCT
iiclr-17591	1899	60	.	.	PUNCT
iiclr-17591	1900	1	230	230	NUM
iiclr-17591	1900	2	.	.	X
iiclr-17591	1900	3	gilson	gilson	PROPN
iiclr-17591	1900	4	&	&	CCONJ
iiclr-17591	1900	5	kraakman	kraakman	PROPN
iiclr-17591	1900	6	,	,	PUNCT
iiclr-17591	1900	7	supra	supra	PROPN
iiclr-17591	1900	8	note	note	NOUN
iiclr-17591	1900	9	188	188	NUM
iiclr-17591	1900	10	,	,	PUNCT
iiclr-17591	1900	11	at	at	ADP
iiclr-17591	1900	12	1004	1004	NUM
iiclr-17591	1900	13	-	-	SYM
iiclr-17591	1900	14	06	06	PROPN
iiclr-17591	1900	15	&	&	CCONJ
iiclr-17591	1900	16	n.82	n.82	PROPN
iiclr-17591	1900	17	.	.	PROPN
iiclr-17591	1900	18	231	231	NUM
iiclr-17591	1900	19	.	.	PUNCT
iiclr-17591	1901	1	a	a	DET
iiclr-17591	1901	2	key	key	NOUN
iiclr-17591	1901	3	to	to	ADP
iiclr-17591	1901	4	the	the	DET
iiclr-17591	1901	5	study	study	NOUN
iiclr-17591	1901	6	of	of	ADP
iiclr-17591	1901	7	shareholders	shareholder	NOUN
iiclr-17591	1901	8	'	'	PART
iiclr-17591	1901	9	agreements	agreement	NOUN
iiclr-17591	1901	10	could	could	AUX
iiclr-17591	1901	11	lie	lie	VERB
iiclr-17591	1901	12	in	in	ADP
iiclr-17591	1901	13	their	their	PRON
iiclr-17591	1901	14	comparison	comparison	NOUN
iiclr-17591	1901	15	with	with	ADP
iiclr-17591	1901	16	the	the	DET
iiclr-17591	1901	17	long	long	ADJ
iiclr-17591	1901	18	-	-	PUNCT
iiclr-17591	1901	19	term	term	NOUN
iiclr-17591	1901	20	relationships	relationship	NOUN
iiclr-17591	1901	21	that	that	PRON
iiclr-17591	1901	22	make	make	VERB
iiclr-17591	1901	23	up	up	ADP
iiclr-17591	1901	24	for	for	ADP
iiclr-17591	1901	25	the	the	DET
iiclr-17591	1901	26	japanese	japanese	ADJ
iiclr-17591	1901	27	keiretsu	keiretsu	NOUN
iiclr-17591	1901	28	.	.	PUNCT
iiclr-17591	1902	1	the	the	DET
iiclr-17591	1902	2	agreements	agreement	NOUN
iiclr-17591	1902	3	could	could	AUX
iiclr-17591	1902	4	be	be	AUX
iiclr-17591	1902	5	considered	consider	VERB
iiclr-17591	1902	6	"	"	PUNCT
iiclr-17591	1902	7	credible	credible	ADJ
iiclr-17591	1902	8	commitments	commitment	NOUN
iiclr-17591	1902	9	"	"	PUNCT
iiclr-17591	1902	10	to	to	PART
iiclr-17591	1902	11	stabilize	stabilize	VERB
iiclr-17591	1902	12	long	long	ADJ
iiclr-17591	1902	13	-	-	PUNCT
iiclr-17591	1902	14	term	term	NOUN
iiclr-17591	1902	15	business	business	NOUN
iiclr-17591	1902	16	relationships	relationship	NOUN
iiclr-17591	1902	17	,	,	PUNCT
iiclr-17591	1902	18	whose	whose	DET
iiclr-17591	1902	19	governance	governance	NOUN
iiclr-17591	1902	20	would	would	AUX
iiclr-17591	1902	21	be	be	AUX
iiclr-17591	1902	22	costlier	costly	ADJ
iiclr-17591	1902	23	otherwise	otherwise	ADV
iiclr-17591	1902	24	(	(	PUNCT
iiclr-17591	1902	25	olver	olver	PROPN
iiclr-17591	1902	26	e.	e.	PROPN
iiclr-17591	1902	27	wilulamson	wilulamson	PROPN
iiclr-17591	1902	28	,	,	PUNCT
iiclr-17591	1902	29	the	the	DET
iiclr-17591	1902	30	economic	economic	ADJ
iiclr-17591	1902	31	institutions	institution	NOUN
iiclr-17591	1902	32	of	of	ADP
iiclr-17591	1902	33	capitalism	capitalism	NOUN
iiclr-17591	1902	34	(	(	PUNCT
iiclr-17591	1902	35	1986	1986	NUM
iiclr-17591	1902	36	)	)	PUNCT
iiclr-17591	1902	37	)	)	PUNCT
iiclr-17591	1902	38	.	.	PUNCT
iiclr-17591	1903	1	of	of	ADP
iiclr-17591	1903	2	course	course	NOUN
iiclr-17591	1903	3	,	,	PUNCT
iiclr-17591	1903	4	much	much	ADJ
iiclr-17591	1903	5	of	of	ADP
iiclr-17591	1903	6	the	the	DET
iiclr-17591	1903	7	debate	debate	NOUN
iiclr-17591	1903	8	is	be	AUX
iiclr-17591	1903	9	made	make	VERB
iiclr-17591	1903	10	of	of	ADP
iiclr-17591	1903	11	policy	policy	NOUN
iiclr-17591	1903	12	arguments	argument	NOUN
iiclr-17591	1903	13	.	.	PUNCT
iiclr-17591	1904	1	mr	mr	PROPN
iiclr-17591	1904	2	.	.	PROPN
iiclr-17591	1904	3	barca	barca	PROPN
iiclr-17591	1904	4	,	,	PUNCT
iiclr-17591	1904	5	for	for	ADP
iiclr-17591	1904	6	instance	instance	NOUN
iiclr-17591	1904	7	,	,	PUNCT
iiclr-17591	1904	8	focuses	focus	VERB
iiclr-17591	1904	9	on	on	ADP
iiclr-17591	1904	10	the	the	DET
iiclr-17591	1904	11	fact	fact	NOUN
iiclr-17591	1904	12	that	that	SCONJ
iiclr-17591	1904	13	shareholders	shareholder	NOUN
iiclr-17591	1904	14	'	'	PART
iiclr-17591	1904	15	agreements	agreement	NOUN
iiclr-17591	1904	16	,	,	PUNCT
iiclr-17591	1904	17	by	by	ADP
iiclr-17591	1904	18	tying	tie	VERB
iiclr-17591	1904	19	ownership	ownership	NOUN
iiclr-17591	1904	20	with	with	ADP
iiclr-17591	1904	21	non	non	ADJ
iiclr-17591	1904	22	-	-	ADJ
iiclr-17591	1904	23	transferable	transferable	ADJ
iiclr-17591	1904	24	relationships	relationship	NOUN
iiclr-17591	1904	25	,	,	PUNCT
iiclr-17591	1904	26	reduce	reduce	VERB
iiclr-17591	1904	27	transferability	transferability	NOUN
iiclr-17591	1904	28	of	of	ADP
iiclr-17591	1904	29	control	control	NOUN
iiclr-17591	1904	30	,	,	PUNCT
iiclr-17591	1904	31	barca	barca	PROPN
iiclr-17591	1904	32	,	,	PUNCT
iiclr-17591	1904	33	supra	supra	PROPN
iiclr-17591	1904	34	note	note	PROPN
iiclr-17591	1904	35	187	187	NUM
iiclr-17591	1904	36	,	,	PUNCT
iiclr-17591	1904	37	at	at	ADP
iiclr-17591	1904	38	185	185	NUM
iiclr-17591	1904	39	;	;	PUNCT
iiclr-17591	1904	40	professor	professor	NOUN
iiclr-17591	1904	41	preite	preite	NOUN
iiclr-17591	1904	42	disfavored	disfavor	VERB
iiclr-17591	1904	43	them	they	PRON
iiclr-17591	1904	44	as	as	ADP
iiclr-17591	1904	45	obstacles	obstacle	NOUN
iiclr-17591	1904	46	to	to	ADP
iiclr-17591	1904	47	an	an	DET
iiclr-17591	1904	48	effective	effective	ADJ
iiclr-17591	1904	49	institutional	institutional	ADJ
iiclr-17591	1904	50	and	and	CCONJ
iiclr-17591	1904	51	market	market	NOUN
iiclr-17591	1904	52	monitoring	monitoring	NOUN
iiclr-17591	1904	53	(	(	PUNCT
iiclr-17591	1904	54	preite	preite	ADJ
iiclr-17591	1904	55	,	,	PUNCT
iiclr-17591	1904	56	supra	supra	ADJ
iiclr-17591	1904	57	note	note	NOUN
iiclr-17591	1904	58	190	190	NUM
iiclr-17591	1904	59	,	,	PUNCT
iiclr-17591	1904	60	at	at	ADP
iiclr-17591	1904	61	546	546	NUM
iiclr-17591	1904	62	&	&	CCONJ
iiclr-17591	1904	63	n.175,551	n.175,551	PROPN
iiclr-17591	1904	64	n.191	n.191	PROPN
iiclr-17591	1904	65	)	)	PUNCT
iiclr-17591	1904	66	.	.	PUNCT
iiclr-17591	1905	1	as	as	SCONJ
iiclr-17591	1905	2	previously	previously	ADV
iiclr-17591	1905	3	discussed	discuss	VERB
iiclr-17591	1905	4	(	(	PUNCT
iiclr-17591	1905	5	supra	supra	PROPN
iiclr-17591	1905	6	note	note	NOUN
iiclr-17591	1905	7	228	228	NUM
iiclr-17591	1905	8	)	)	PUNCT
iiclr-17591	1905	9	,	,	PUNCT
iiclr-17591	1905	10	my	my	PRON
iiclr-17591	1905	11	opinion	opinion	NOUN
iiclr-17591	1905	12	is	be	AUX
iiclr-17591	1905	13	that	that	SCONJ
iiclr-17591	1905	14	clear	clear	ADJ
iiclr-17591	1905	15	evidence	evidence	NOUN
iiclr-17591	1905	16	of	of	ADP
iiclr-17591	1905	17	undesirable	undesirable	ADJ
iiclr-17591	1905	18	effects	effect	NOUN
iiclr-17591	1905	19	,	,	PUNCT
iiclr-17591	1905	20	particularly	particularly	ADV
iiclr-17591	1905	21	on	on	ADP
iiclr-17591	1905	22	third	third	ADJ
iiclr-17591	1905	23	parties	party	NOUN
iiclr-17591	1905	24	,	,	PUNCT
iiclr-17591	1905	25	is	be	AUX
iiclr-17591	1905	26	needed	need	VERB
iiclr-17591	1905	27	to	to	PART
iiclr-17591	1905	28	deny	deny	VERB
iiclr-17591	1905	29	the	the	DET
iiclr-17591	1905	30	efficiency	efficiency	NOUN
iiclr-17591	1905	31	of	of	ADP
iiclr-17591	1905	32	relational	relational	ADJ
iiclr-17591	1905	33	arrangements	arrangement	NOUN
iiclr-17591	1905	34	chosen	choose	VERB
iiclr-17591	1905	35	by	by	ADP
iiclr-17591	1905	36	fully	fully	ADV
iiclr-17591	1905	37	informed	informed	ADJ
iiclr-17591	1905	38	parties	party	NOUN
iiclr-17591	1905	39	.	.	PUNCT
iiclr-17591	1906	1	a	a	DET
iiclr-17591	1906	2	consideration	consideration	NOUN
iiclr-17591	1906	3	of	of	ADP
iiclr-17591	1906	4	the	the	DET
iiclr-17591	1906	5	alleged	allege	VERB
iiclr-17591	1906	6	negative	negative	ADJ
iiclr-17591	1906	7	effect	effect	NOUN
iiclr-17591	1906	8	of	of	ADP
iiclr-17591	1906	9	shareholders	shareholder	NOUN
iiclr-17591	1906	10	'	'	PART
iiclr-17591	1906	11	agreements	agreement	NOUN
iiclr-17591	1906	12	on	on	ADP
iiclr-17591	1906	13	the	the	DET
iiclr-17591	1906	14	public	public	ADJ
iiclr-17591	1906	15	stock	stock	NOUN
iiclr-17591	1906	16	market	market	NOUN
iiclr-17591	1906	17	is	be	AUX
iiclr-17591	1906	18	not	not	PART
iiclr-17591	1906	19	sufficient	sufficient	ADJ
iiclr-17591	1906	20	if	if	SCONJ
iiclr-17591	1906	21	it	it	PRON
iiclr-17591	1906	22	is	be	AUX
iiclr-17591	1906	23	not	not	PART
iiclr-17591	1906	24	supported	support	VERB
iiclr-17591	1906	25	by	by	ADP
iiclr-17591	1906	26	evidence	evidence	NOUN
iiclr-17591	1906	27	that	that	SCONJ
iiclr-17591	1906	28	the	the	DET
iiclr-17591	1906	29	costs	cost	NOUN
iiclr-17591	1906	30	entailed	entail	VERB
iiclr-17591	1906	31	are	be	AUX
iiclr-17591	1906	32	higher	high	ADJ
iiclr-17591	1906	33	than	than	ADP
iiclr-17591	1906	34	any	any	DET
iiclr-17591	1906	35	other	other	ADJ
iiclr-17591	1906	36	possible	possible	ADJ
iiclr-17591	1906	37	efficiency	efficiency	NOUN
iiclr-17591	1906	38	gain	gain	NOUN
iiclr-17591	1906	39	(	(	PUNCT
iiclr-17591	1906	40	i.e.	i.e.	X
iiclr-17591	1906	41	,	,	PUNCT
iiclr-17591	1906	42	particularly	particularly	ADV
iiclr-17591	1906	43	,	,	PUNCT
iiclr-17591	1906	44	transaction	transaction	NOUN
iiclr-17591	1906	45	costs	cost	VERB
iiclr-17591	1906	46	savings	saving	NOUN
iiclr-17591	1906	47	in	in	ADP
iiclr-17591	1906	48	the	the	DET
iiclr-17591	1906	49	peculiar	peculiar	ADJ
iiclr-17591	1906	50	italian	italian	ADJ
iiclr-17591	1906	51	setting	setting	NOUN
iiclr-17591	1906	52	)	)	PUNCT
iiclr-17591	1906	53	.	.	PUNCT
iiclr-17591	1907	1	232	232	X
iiclr-17591	1907	2	.	.	PUNCT
iiclr-17591	1908	1	a	a	DET
iiclr-17591	1908	2	broad	broad	ADJ
iiclr-17591	1908	3	analysis	analysis	NOUN
iiclr-17591	1908	4	of	of	ADP
iiclr-17591	1908	5	the	the	DET
iiclr-17591	1908	6	possibilities	possibility	NOUN
iiclr-17591	1908	7	of	of	ADP
iiclr-17591	1908	8	appropriation	appropriation	NOUN
iiclr-17591	1908	9	of	of	ADP
iiclr-17591	1908	10	corporate	corporate	ADJ
iiclr-17591	1908	11	wealth	wealth	NOUN
iiclr-17591	1908	12	by	by	ADP
iiclr-17591	1908	13	managers	manager	NOUN
iiclr-17591	1908	14	can	can	AUX
iiclr-17591	1908	15	be	be	AUX
iiclr-17591	1908	16	found	find	VERB
iiclr-17591	1908	17	in	in	ADP
iiclr-17591	1908	18	eugene	eugene	PROPN
iiclr-17591	1908	19	h.	h.	PROPN
iiclr-17591	1908	20	fama	fama	PROPN
iiclr-17591	1908	21	&	&	CCONJ
iiclr-17591	1908	22	michael	michael	PROPN
iiclr-17591	1908	23	c.	c.	PROPN
iiclr-17591	1908	24	jensen	jensen	PROPN
iiclr-17591	1908	25	,	,	PUNCT
iiclr-17591	1908	26	separation	separation	NOUN
iiclr-17591	1908	27	of	of	ADP
iiclr-17591	1908	28	ownership	ownership	NOUN
iiclr-17591	1908	29	and	and	CCONJ
iiclr-17591	1908	30	control	control	NOUN
iiclr-17591	1908	31	,	,	PUNCT
iiclr-17591	1908	32	26	26	NUM
iiclr-17591	1908	33	journal	journal	NOUN
iiclr-17591	1908	34	of	of	ADP
iiclr-17591	1908	35	law	law	NOUN
iiclr-17591	1908	36	and	and	CCONJ
iiclr-17591	1908	37	eco	eco	PROPN
iiclr-17591	1908	38	.	.	PUNCT
iiclr-17591	1909	1	301	301	NUM
iiclr-17591	1909	2	(	(	PUNCT
iiclr-17591	1909	3	1983	1983	NUM
iiclr-17591	1909	4	)	)	PUNCT
iiclr-17591	1909	5	.	.	PUNCT
iiclr-17591	1910	1	233	233	NUM
iiclr-17591	1910	2	.	.	X
iiclr-17591	1911	1	preite	preite	ADJ
iiclr-17591	1911	2	,	,	PUNCT
iiclr-17591	1911	3	supra	supra	ADJ
iiclr-17591	1911	4	note	note	NOUN
iiclr-17591	1911	5	190	190	NUM
iiclr-17591	1911	6	,	,	PUNCT
iiclr-17591	1911	7	at	at	ADP
iiclr-17591	1911	8	505	505	NUM
iiclr-17591	1911	9	.	.	PUNCT
iiclr-17591	1912	1	see	see	VERB
iiclr-17591	1912	2	the	the	DET
iiclr-17591	1912	3	case	case	NOUN
iiclr-17591	1912	4	of	of	ADP
iiclr-17591	1912	5	a	a	DET
iiclr-17591	1912	6	recapitalization	recapitalization	NOUN
iiclr-17591	1912	7	that	that	PRON
iiclr-17591	1912	8	caused	cause	VERB
iiclr-17591	1912	9	the	the	DET
iiclr-17591	1912	10	controlling	control	VERB
iiclr-17591	1912	11	family	family	NOUN
iiclr-17591	1912	12	ownership	ownership	NOUN
iiclr-17591	1912	13	to	to	PART
iiclr-17591	1912	14	fall	fall	VERB
iiclr-17591	1912	15	below	below	ADP
iiclr-17591	1912	16	50	50	NUM
iiclr-17591	1912	17	percent	percent	NOUN
iiclr-17591	1912	18	,	,	PUNCT
iiclr-17591	1912	19	which	which	PRON
iiclr-17591	1912	20	clearly	clearly	ADV
iiclr-17591	1912	21	was	be	AUX
iiclr-17591	1912	22	forced	force	VERB
iiclr-17591	1912	23	only	only	ADV
iiclr-17591	1912	24	by	by	ADP
iiclr-17591	1912	25	a	a	DET
iiclr-17591	1912	26	serious	serious	ADJ
iiclr-17591	1912	27	financial	financial	ADJ
iiclr-17591	1912	28	crisis	crisis	NOUN
iiclr-17591	1912	29	(	(	PUNCT
iiclr-17591	1912	30	that	that	PRON
iiclr-17591	1912	31	later	later	ADV
iiclr-17591	1912	32	worsened	worsen	VERB
iiclr-17591	1912	33	)	)	PUNCT
iiclr-17591	1912	34	,	,	PUNCT
iiclr-17591	1912	35	in	in	ADP
iiclr-17591	1912	36	ora	ora	NOUN
iiclr-17591	1912	37	fochi	fochi	PROPN
iiclr-17591	1912	38	terne	terne	VERB
iiclr-17591	1912	39	la	la	PROPN
iiclr-17591	1912	40	scalata	scalata	NOUN
iiclr-17591	1912	41	,	,	PUNCT
iiclr-17591	1912	42	il	il	PROPN
iiclr-17591	1912	43	sole	sole	ADJ
iiclr-17591	1912	44	-24	-24	PUNCT
iiclr-17591	1912	45	ore	ore	NOUN
iiclr-17591	1912	46	,	,	PUNCT
iiclr-17591	1912	47	feb	feb	PROPN
iiclr-17591	1912	48	.	.	PROPN
iiclr-17591	1912	49	2	2	NUM
iiclr-17591	1912	50	,	,	PUNCT
iiclr-17591	1912	51	1995	1995	NUM
iiclr-17591	1912	52	,	,	PUNCT
iiclr-17591	1912	53	at	at	ADP
iiclr-17591	1912	54	27	27	NUM
iiclr-17591	1912	55	.	.	PUNCT
iiclr-17591	1913	1	the	the	DET
iiclr-17591	1913	2	risk	risk	NOUN
iiclr-17591	1913	3	of	of	ADP
iiclr-17591	1913	4	inadequate	inadequate	ADJ
iiclr-17591	1913	5	capitalization	capitalization	NOUN
iiclr-17591	1913	6	is	be	AUX
iiclr-17591	1913	7	an	an	DET
iiclr-17591	1913	8	inevitable	inevitable	ADJ
iiclr-17591	1913	9	by	by	ADP
iiclr-17591	1913	10	-	-	PUNCT
iiclr-17591	1913	11	product	product	NOUN
iiclr-17591	1913	12	of	of	ADP
iiclr-17591	1913	13	the	the	DET
iiclr-17591	1913	14	power	power	NOUN
iiclr-17591	1913	15	of	of	ADP
iiclr-17591	1913	16	shareholders	shareholder	NOUN
iiclr-17591	1913	17	to	to	PART
iiclr-17591	1913	18	decide	decide	VERB
iiclr-17591	1913	19	on	on	ADP
iiclr-17591	1913	20	the	the	DET
iiclr-17591	1913	21	issuance	issuance	NOUN
iiclr-17591	1913	22	of	of	ADP
iiclr-17591	1913	23	shares	share	NOUN
iiclr-17591	1913	24	.	.	PUNCT
iiclr-17591	1914	1	in	in	ADP
iiclr-17591	1914	2	fact	fact	NOUN
iiclr-17591	1914	3	,	,	PUNCT
iiclr-17591	1914	4	no	no	DET
iiclr-17591	1914	5	rule	rule	NOUN
iiclr-17591	1914	6	can	can	AUX
iiclr-17591	1914	7	force	force	VERB
iiclr-17591	1914	8	a	a	DET
iiclr-17591	1914	9	controlling	controlling	NOUN
iiclr-17591	1914	10	or	or	CCONJ
iiclr-17591	1914	11	simply	simply	ADV
iiclr-17591	1914	12	influential	influential	ADJ
iiclr-17591	1914	13	shareholder	shareholder	NOUN
iiclr-17591	1914	14	to	to	PART
iiclr-17591	1914	15	vote	vote	VERB
iiclr-17591	1914	16	a	a	DET
iiclr-17591	1914	17	recapitalization	recapitalization	NOUN
iiclr-17591	1914	18	that	that	PRON
iiclr-17591	1914	19	dilutes	dilute	VERB
iiclr-17591	1914	20	his	his	PRON
iiclr-17591	1914	21	or	or	CCONJ
iiclr-17591	1914	22	her	her	PRON
iiclr-17591	1914	23	influence	influence	NOUN
iiclr-17591	1914	24	.	.	PUNCT
iiclr-17591	1915	1	only	only	ADV
iiclr-17591	1915	2	two	two	NUM
iiclr-17591	1915	3	alternatives	alternative	NOUN
iiclr-17591	1915	4	are	be	AUX
iiclr-17591	1915	5	possible	possible	ADJ
iiclr-17591	1915	6	:	:	PUNCT
iiclr-17591	1915	7	(	(	PUNCT
iiclr-17591	1915	8	1	1	X
iiclr-17591	1915	9	)	)	PUNCT
iiclr-17591	1915	10	either	either	DET
iiclr-17591	1915	11	managers	manager	NOUN
iiclr-17591	1915	12	are	be	AUX
iiclr-17591	1915	13	empowered	empower	VERB
iiclr-17591	1915	14	to	to	PART
iiclr-17591	1915	15	issue	issue	VERB
iiclr-17591	1915	16	all	all	DET
iiclr-17591	1915	17	the	the	DET
iiclr-17591	1915	18	shares	share	NOUN
iiclr-17591	1915	19	they	they	PRON
iiclr-17591	1915	20	deem	deem	VERB
iiclr-17591	1915	21	necessary	necessary	ADJ
iiclr-17591	1915	22	,	,	PUNCT
iiclr-17591	1915	23	as	as	SCONJ
iiclr-17591	1915	24	it	it	PRON
iiclr-17591	1915	25	is	be	AUX
iiclr-17591	1915	26	de	de	X
iiclr-17591	1915	27	iure	iure	NOUN
iiclr-17591	1915	28	or	or	CCONJ
iiclr-17591	1915	29	de	de	X
iiclr-17591	1915	30	facto	facto	X
iiclr-17591	1915	31	the	the	DET
iiclr-17591	1915	32	case	case	NOUN
iiclr-17591	1915	33	in	in	ADP
iiclr-17591	1915	34	the	the	DET
iiclr-17591	1915	35	american	american	ADJ
iiclr-17591	1915	36	system	system	NOUN
iiclr-17591	1915	37	(	(	PUNCT
iiclr-17591	1915	38	apart	apart	ADV
iiclr-17591	1915	39	from	from	ADP
iiclr-17591	1915	40	some	some	DET
iiclr-17591	1915	41	exceptions	exception	NOUN
iiclr-17591	1915	42	and	and	CCONJ
iiclr-17591	1915	43	stock	stock	NOUN
iiclr-17591	1915	44	exchanges	exchange	NOUN
iiclr-17591	1915	45	rules	rule	NOUN
iiclr-17591	1915	46	requiring	require	VERB
iiclr-17591	1915	47	shareholder	shareholder	NOUN
iiclr-17591	1915	48	approval	approval	NOUN
iiclr-17591	1915	49	of	of	ADP
iiclr-17591	1915	50	certain	certain	ADJ
iiclr-17591	1915	51	large	large	ADJ
iiclr-17591	1915	52	issuances	issuance	NOUN
iiclr-17591	1915	53	)	)	PUNCT
iiclr-17591	1915	54	or	or	CCONJ
iiclr-17591	1915	55	(	(	PUNCT
iiclr-17591	1915	56	2	2	X
iiclr-17591	1915	57	)	)	PUNCT
iiclr-17591	1915	58	shareholders	shareholder	NOUN
iiclr-17591	1915	59	have	have	VERB
iiclr-17591	1915	60	tight	tight	ADJ
iiclr-17591	1915	61	control	control	NOUN
iiclr-17591	1915	62	on	on	ADP
iiclr-17591	1915	63	the	the	DET
iiclr-17591	1915	64	capital	capital	NOUN
iiclr-17591	1915	65	structure	structure	NOUN
iiclr-17591	1915	66	,	,	PUNCT
iiclr-17591	1915	67	as	as	SCONJ
iiclr-17591	1915	68	is	be	AUX
iiclr-17591	1915	69	the	the	DET
iiclr-17591	1915	70	case	case	NOUN
iiclr-17591	1915	71	in	in	ADP
iiclr-17591	1915	72	most	most	ADJ
iiclr-17591	1915	73	european	european	ADJ
iiclr-17591	1915	74	systems	system	NOUN
iiclr-17591	1915	75	.	.	PUNCT
iiclr-17591	1916	1	both	both	PRON
iiclr-17591	1916	2	have	have	VERB
iiclr-17591	1916	3	benefits	benefit	NOUN
iiclr-17591	1916	4	1995	1995	NUM
iiclr-17591	1916	5	]	]	PUNCT
iiclr-17591	1916	6	ind	ind	NOUN
iiclr-17591	1916	7	.	.	PUNCT
iiclr-17591	1917	1	int'l	int'l	PROPN
iiclr-17591	1917	2	&	&	CCONJ
iiclr-17591	1917	3	comp	comp	PROPN
iiclr-17591	1917	4	.	.	PUNCT
iiclr-17591	1918	1	l	l	PROPN
iiclr-17591	1918	2	rev	rev	VERB
iiclr-17591	1918	3	.	.	PROPN
iiclr-17591	1919	1	particularly	particularly	ADV
iiclr-17591	1919	2	worrisome	worrisome	ADJ
iiclr-17591	1919	3	,	,	PUNCT
iiclr-17591	1919	4	finally	finally	ADV
iiclr-17591	1919	5	,	,	PUNCT
iiclr-17591	1919	6	is	be	AUX
iiclr-17591	1919	7	the	the	DET
iiclr-17591	1919	8	risk	risk	NOUN
iiclr-17591	1919	9	that	that	SCONJ
iiclr-17591	1919	10	powerful	powerful	ADJ
iiclr-17591	1919	11	and	and	CCONJ
iiclr-17591	1919	12	strongly	strongly	ADV
iiclr-17591	1919	13	interested	interested	ADJ
iiclr-17591	1919	14	owners	owner	NOUN
iiclr-17591	1919	15	may	may	AUX
iiclr-17591	1919	16	collude	collude	VERB
iiclr-17591	1919	17	with	with	ADP
iiclr-17591	1919	18	regulators	regulator	NOUN
iiclr-17591	1919	19	and	and	CCONJ
iiclr-17591	1919	20	public	public	ADJ
iiclr-17591	1919	21	agencies	agency	NOUN
iiclr-17591	1919	22	to	to	PART
iiclr-17591	1919	23	obtain	obtain	VERB
iiclr-17591	1919	24	unlawful	unlawful	ADJ
iiclr-17591	1919	25	advantages.2	advantages.2	NOUN
iiclr-17591	1919	26	-23	-23	PUNCT
iiclr-17591	1919	27	and	and	CCONJ
iiclr-17591	1919	28	costs	cost	NOUN
iiclr-17591	1919	29	,	,	PUNCT
iiclr-17591	1919	30	and	and	CCONJ
iiclr-17591	1919	31	as	as	SCONJ
iiclr-17591	1919	32	incentives	incentive	NOUN
iiclr-17591	1919	33	of	of	ADP
iiclr-17591	1919	34	controlling	controlling	NOUN
iiclr-17591	1919	35	and	and	CCONJ
iiclr-17591	1919	36	non	non	ADJ
iiclr-17591	1919	37	-	-	ADJ
iiclr-17591	1919	38	ontrolling	ontrolling	ADJ
iiclr-17591	1919	39	shareholders	shareholder	NOUN
iiclr-17591	1919	40	may	may	AUX
iiclr-17591	1919	41	differ	differ	VERB
iiclr-17591	1919	42	,	,	PUNCT
iiclr-17591	1919	43	the	the	DET
iiclr-17591	1919	44	choice	choice	NOUN
iiclr-17591	1919	45	of	of	ADP
iiclr-17591	1919	46	which	which	PRON
iiclr-17591	1919	47	of	of	ADP
iiclr-17591	1919	48	the	the	DET
iiclr-17591	1919	49	two	two	NUM
iiclr-17591	1919	50	is	be	AUX
iiclr-17591	1919	51	better	well	ADJ
iiclr-17591	1919	52	may	may	AUX
iiclr-17591	1919	53	depend	depend	VERB
iiclr-17591	1919	54	on	on	ADP
iiclr-17591	1919	55	the	the	DET
iiclr-17591	1919	56	predominant	predominant	ADJ
iiclr-17591	1919	57	ownership	ownership	NOUN
iiclr-17591	1919	58	structure	structure	NOUN
iiclr-17591	1919	59	.	.	PUNCT
iiclr-17591	1920	1	a	a	DET
iiclr-17591	1920	2	system	system	NOUN
iiclr-17591	1920	3	based	base	VERB
iiclr-17591	1920	4	on	on	ADP
iiclr-17591	1920	5	the	the	DET
iiclr-17591	1920	6	influence	influence	NOUN
iiclr-17591	1920	7	of	of	ADP
iiclr-17591	1920	8	large	large	ADJ
iiclr-17591	1920	9	shareholders	shareholder	NOUN
iiclr-17591	1920	10	may	may	AUX
iiclr-17591	1920	11	then	then	ADV
iiclr-17591	1920	12	suggest	suggest	VERB
iiclr-17591	1920	13	the	the	DET
iiclr-17591	1920	14	adoption	adoption	NOUN
iiclr-17591	1920	15	of	of	ADP
iiclr-17591	1920	16	the	the	DET
iiclr-17591	1920	17	"	"	PUNCT
iiclr-17591	1920	18	european	european	ADJ
iiclr-17591	1920	19	"	"	PUNCT
iiclr-17591	1920	20	approach	approach	NOUN
iiclr-17591	1920	21	,	,	PUNCT
iiclr-17591	1920	22	as	as	SCONJ
iiclr-17591	1920	23	absolute	absolute	ADJ
iiclr-17591	1920	24	managerial	managerial	ADJ
iiclr-17591	1920	25	discretion	discretion	NOUN
iiclr-17591	1920	26	would	would	AUX
iiclr-17591	1920	27	change	change	VERB
iiclr-17591	1920	28	nothing	nothing	PRON
iiclr-17591	1920	29	in	in	ADP
iiclr-17591	1920	30	the	the	DET
iiclr-17591	1920	31	substance	substance	NOUN
iiclr-17591	1920	32	,	,	PUNCT
iiclr-17591	1920	33	while	while	SCONJ
iiclr-17591	1920	34	subtracting	subtract	VERB
iiclr-17591	1920	35	the	the	DET
iiclr-17591	1920	36	decision	decision	NOUN
iiclr-17591	1920	37	on	on	ADP
iiclr-17591	1920	38	capital	capital	NOUN
iiclr-17591	1920	39	structure	structure	NOUN
iiclr-17591	1920	40	to	to	ADP
iiclr-17591	1920	41	the	the	DET
iiclr-17591	1920	42	disclosure	disclosure	NOUN
iiclr-17591	1920	43	,	,	PUNCT
iiclr-17591	1920	44	the	the	DET
iiclr-17591	1920	45	checks	check	NOUN
iiclr-17591	1920	46	and	and	CCONJ
iiclr-17591	1920	47	the	the	DET
iiclr-17591	1920	48	balances	balance	NOUN
iiclr-17591	1920	49	imposed	impose	VERB
iiclr-17591	1920	50	by	by	ADP
iiclr-17591	1920	51	the	the	DET
iiclr-17591	1920	52	law	law	NOUN
iiclr-17591	1920	53	on	on	ADP
iiclr-17591	1920	54	shareholders	shareholder	NOUN
iiclr-17591	1920	55	'	'	PART
iiclr-17591	1920	56	voting	voting	NOUN
iiclr-17591	1920	57	.	.	PUNCT
iiclr-17591	1921	1	therefore	therefore	ADV
iiclr-17591	1921	2	,	,	PUNCT
iiclr-17591	1921	3	the	the	DET
iiclr-17591	1921	4	recurrent	recurrent	ADJ
iiclr-17591	1921	5	definition	definition	NOUN
iiclr-17591	1921	6	of	of	ADP
iiclr-17591	1921	7	the	the	DET
iiclr-17591	1921	8	risk	risk	NOUN
iiclr-17591	1921	9	of	of	ADP
iiclr-17591	1921	10	insufficient	insufficient	ADJ
iiclr-17591	1921	11	capitalization	capitalization	NOUN
iiclr-17591	1921	12	of	of	ADP
iiclr-17591	1921	13	the	the	DET
iiclr-17591	1921	14	firm	firm	NOUN
iiclr-17591	1921	15	as	as	ADP
iiclr-17591	1921	16	one	one	NUM
iiclr-17591	1921	17	of	of	ADP
iiclr-17591	1921	18	the	the	DET
iiclr-17591	1921	19	possible	possible	ADJ
iiclr-17591	1921	20	"	"	PUNCT
iiclr-17591	1921	21	conflicts	conflict	NOUN
iiclr-17591	1921	22	between	between	ADP
iiclr-17591	1921	23	the	the	DET
iiclr-17591	1921	24	reasons	reason	NOUN
iiclr-17591	1921	25	of	of	ADP
iiclr-17591	1921	26	property	property	NOUN
iiclr-17591	1921	27	and	and	CCONJ
iiclr-17591	1921	28	the	the	DET
iiclr-17591	1921	29	reasons	reason	NOUN
iiclr-17591	1921	30	of	of	ADP
iiclr-17591	1921	31	business	business	NOUN
iiclr-17591	1921	32	"	"	PUNCT
iiclr-17591	1921	33	is	be	AUX
iiclr-17591	1921	34	descriptive	descriptive	ADJ
iiclr-17591	1921	35	,	,	PUNCT
iiclr-17591	1921	36	but	but	CCONJ
iiclr-17591	1921	37	does	do	AUX
iiclr-17591	1921	38	not	not	PART
iiclr-17591	1921	39	carry	carry	VERB
iiclr-17591	1921	40	any	any	DET
iiclr-17591	1921	41	prescriptive	prescriptive	NOUN
iiclr-17591	1921	42	meaning	meaning	NOUN
iiclr-17591	1921	43	as	as	ADV
iiclr-17591	1921	44	long	long	ADV
iiclr-17591	1921	45	as	as	SCONJ
iiclr-17591	1921	46	managers	manager	NOUN
iiclr-17591	1921	47	are	be	AUX
iiclr-17591	1921	48	not	not	PART
iiclr-17591	1921	49	totally	totally	ADV
iiclr-17591	1921	50	freed	free	VERB
iiclr-17591	1921	51	by	by	ADP
iiclr-17591	1921	52	shareholders	shareholder	NOUN
iiclr-17591	1921	53	'	'	PART
iiclr-17591	1921	54	influence	influence	NOUN
iiclr-17591	1921	55	,	,	PUNCT
iiclr-17591	1921	56	which	which	PRON
iiclr-17591	1921	57	in	in	ADP
iiclr-17591	1921	58	turn	turn	NOUN
iiclr-17591	1921	59	carries	carry	VERB
iiclr-17591	1921	60	other	other	ADJ
iiclr-17591	1921	61	negative	negative	ADJ
iiclr-17591	1921	62	consequences	consequence	NOUN
iiclr-17591	1921	63	.	.	PUNCT
iiclr-17591	1922	1	234	234	NUM
iiclr-17591	1922	2	.	.	PUNCT
iiclr-17591	1923	1	in	in	ADP
iiclr-17591	1923	2	italy	italy	PROPN
iiclr-17591	1923	3	,	,	PUNCT
iiclr-17591	1923	4	the	the	DET
iiclr-17591	1923	5	issue	issue	NOUN
iiclr-17591	1923	6	of	of	ADP
iiclr-17591	1923	7	business	business	NOUN
iiclr-17591	1923	8	ethics	ethic	NOUN
iiclr-17591	1923	9	is	be	AUX
iiclr-17591	1923	10	very	very	ADV
iiclr-17591	1923	11	serious	serious	ADJ
iiclr-17591	1923	12	,	,	PUNCT
iiclr-17591	1923	13	as	as	SCONJ
iiclr-17591	1923	14	the	the	DET
iiclr-17591	1923	15	recent	recent	ADJ
iiclr-17591	1923	16	wave	wave	NOUN
iiclr-17591	1923	17	of	of	ADP
iiclr-17591	1923	18	investigations	investigation	NOUN
iiclr-17591	1923	19	has	have	AUX
iiclr-17591	1923	20	shown	show	VERB
iiclr-17591	1923	21	.	.	PUNCT
iiclr-17591	1924	1	it	it	PRON
iiclr-17591	1924	2	is	be	AUX
iiclr-17591	1924	3	a	a	DET
iiclr-17591	1924	4	matter	matter	NOUN
iiclr-17591	1924	5	of	of	ADP
iiclr-17591	1924	6	notoriety	notoriety	NOUN
iiclr-17591	1924	7	that	that	SCONJ
iiclr-17591	1924	8	since	since	SCONJ
iiclr-17591	1924	9	february	february	PROPN
iiclr-17591	1924	10	1992	1992	NUM
iiclr-17591	1924	11	,	,	PUNCT
iiclr-17591	1924	12	italy	italy	PROPN
iiclr-17591	1924	13	has	have	AUX
iiclr-17591	1924	14	undergone	undergo	VERB
iiclr-17591	1924	15	what	what	PRON
iiclr-17591	1924	16	can	can	AUX
iiclr-17591	1924	17	be	be	AUX
iiclr-17591	1924	18	termed	term	VERB
iiclr-17591	1924	19	a	a	DET
iiclr-17591	1924	20	"	"	PUNCT
iiclr-17591	1924	21	bloodless	bloodless	ADJ
iiclr-17591	1924	22	revolution	revolution	NOUN
iiclr-17591	1924	23	.	.	PUNCT
iiclr-17591	1924	24	"	"	PUNCT
iiclr-17591	1925	1	the	the	DET
iiclr-17591	1925	2	bulk	bulk	NOUN
iiclr-17591	1925	3	of	of	ADP
iiclr-17591	1925	4	investigations	investigation	NOUN
iiclr-17591	1925	5	concerned	concern	VERB
iiclr-17591	1925	6	illegal	illegal	ADJ
iiclr-17591	1925	7	payments	payment	NOUN
iiclr-17591	1925	8	made	make	VERB
iiclr-17591	1925	9	by	by	ADP
iiclr-17591	1925	10	entrepreneurs	entrepreneur	NOUN
iiclr-17591	1925	11	to	to	ADP
iiclr-17591	1925	12	politicians	politician	NOUN
iiclr-17591	1925	13	and	and	CCONJ
iiclr-17591	1925	14	bureaucrats	bureaucrat	NOUN
iiclr-17591	1925	15	to	to	PART
iiclr-17591	1925	16	influence	influence	VERB
iiclr-17591	1925	17	public	public	ADJ
iiclr-17591	1925	18	construction	construction	NOUN
iiclr-17591	1925	19	or	or	CCONJ
iiclr-17591	1925	20	supply	supply	NOUN
iiclr-17591	1925	21	contracts	contract	NOUN
iiclr-17591	1925	22	.	.	PUNCT
iiclr-17591	1926	1	the	the	DET
iiclr-17591	1926	2	blame	blame	NOUN
iiclr-17591	1926	3	fell	fall	VERB
iiclr-17591	1926	4	more	more	ADV
iiclr-17591	1926	5	on	on	ADP
iiclr-17591	1926	6	the	the	DET
iiclr-17591	1926	7	bribed	bribed	NOUN
iiclr-17591	1926	8	than	than	ADP
iiclr-17591	1926	9	on	on	ADP
iiclr-17591	1926	10	the	the	DET
iiclr-17591	1926	11	bribing	bribing	NOUN
iiclr-17591	1926	12	,	,	PUNCT
iiclr-17591	1926	13	who	who	PRON
iiclr-17591	1926	14	-	-	VERB
iiclr-17591	1926	15	no	no	DET
iiclr-17591	1926	16	matter	matter	NOUN
iiclr-17591	1926	17	here	here	ADV
iiclr-17591	1926	18	how	how	SCONJ
iiclr-17591	1926	19	justly	justly	ADV
iiclr-17591	1926	20	--	--	PUNCT
iiclr-17591	1926	21	claimed	claim	VERB
iiclr-17591	1926	22	a	a	DET
iiclr-17591	1926	23	sort	sort	NOUN
iiclr-17591	1926	24	of	of	ADP
iiclr-17591	1926	25	"	"	PUNCT
iiclr-17591	1926	26	state	state	NOUN
iiclr-17591	1926	27	of	of	ADP
iiclr-17591	1926	28	necessity	necessity	NOUN
iiclr-17591	1926	29	.	.	PUNCT
iiclr-17591	1926	30	"	"	PUNCT
iiclr-17591	1927	1	235	235	NUM
iiclr-17591	1927	2	.	.	PUNCT
iiclr-17591	1928	1	it	it	PRON
iiclr-17591	1928	2	is	be	AUX
iiclr-17591	1928	3	at	at	ADP
iiclr-17591	1928	4	least	least	ADJ
iiclr-17591	1928	5	debatable	debatable	ADJ
iiclr-17591	1928	6	,	,	PUNCT
iiclr-17591	1928	7	however	however	ADV
iiclr-17591	1928	8	,	,	PUNCT
iiclr-17591	1928	9	that	that	SCONJ
iiclr-17591	1928	10	a	a	DET
iiclr-17591	1928	11	concentrated	concentrated	ADJ
iiclr-17591	1928	12	ownership	ownership	NOUN
iiclr-17591	1928	13	structure	structure	NOUN
iiclr-17591	1928	14	is	be	AUX
iiclr-17591	1928	15	socially	socially	ADV
iiclr-17591	1928	16	more	more	ADV
iiclr-17591	1928	17	dangerous	dangerous	ADJ
iiclr-17591	1928	18	than	than	ADP
iiclr-17591	1928	19	a	a	DET
iiclr-17591	1928	20	dispersed	disperse	VERB
iiclr-17591	1928	21	one	one	NUM
iiclr-17591	1928	22	.	.	PUNCT
iiclr-17591	1929	1	large	large	ADJ
iiclr-17591	1929	2	and	and	CCONJ
iiclr-17591	1929	3	stable	stable	ADJ
iiclr-17591	1929	4	ownership	ownership	NOUN
iiclr-17591	1929	5	,	,	PUNCT
iiclr-17591	1929	6	besides	besides	SCONJ
iiclr-17591	1929	7	increasing	increase	VERB
iiclr-17591	1929	8	the	the	DET
iiclr-17591	1929	9	incentive	incentive	NOUN
iiclr-17591	1929	10	to	to	PART
iiclr-17591	1929	11	corrupt	corrupt	VERB
iiclr-17591	1929	12	by	by	ADP
iiclr-17591	1929	13	increasing	increase	VERB
iiclr-17591	1929	14	the	the	DET
iiclr-17591	1929	15	share	share	NOUN
iiclr-17591	1929	16	of	of	ADP
iiclr-17591	1929	17	benefits	benefit	NOUN
iiclr-17591	1929	18	that	that	PRON
iiclr-17591	1929	19	such	such	ADJ
iiclr-17591	1929	20	action	action	NOUN
iiclr-17591	1929	21	yields	yield	VERB
iiclr-17591	1929	22	to	to	ADP
iiclr-17591	1929	23	the	the	DET
iiclr-17591	1929	24	corrupter	corrupter	NOUN
iiclr-17591	1929	25	,	,	PUNCT
iiclr-17591	1929	26	also	also	ADV
iiclr-17591	1929	27	increases	increase	VERB
iiclr-17591	1929	28	public	public	ADJ
iiclr-17591	1929	29	exposure	exposure	NOUN
iiclr-17591	1929	30	,	,	PUNCT
iiclr-17591	1929	31	which	which	PRON
iiclr-17591	1929	32	has	have	VERB
iiclr-17591	1929	33	powerful	powerful	ADJ
iiclr-17591	1929	34	restraining	restraining	NOUN
iiclr-17591	1929	35	effects	effect	NOUN
iiclr-17591	1929	36	.	.	PUNCT
iiclr-17591	1930	1	one	one	NUM
iiclr-17591	1930	2	or	or	CCONJ
iiclr-17591	1930	3	more	more	ADV
iiclr-17591	1930	4	visible	visible	ADJ
iiclr-17591	1930	5	owners	owner	NOUN
iiclr-17591	1930	6	face	face	VERB
iiclr-17591	1930	7	more	more	ADJ
iiclr-17591	1930	8	constraints	constraint	NOUN
iiclr-17591	1930	9	by	by	ADP
iiclr-17591	1930	10	engaging	engage	VERB
iiclr-17591	1930	11	in	in	ADP
iiclr-17591	1930	12	socially	socially	ADV
iiclr-17591	1930	13	questionable	questionable	ADJ
iiclr-17591	1930	14	conduct	conduct	NOUN
iiclr-17591	1930	15	than	than	ADP
iiclr-17591	1930	16	managers	manager	NOUN
iiclr-17591	1930	17	that	that	PRON
iiclr-17591	1930	18	may	may	AUX
iiclr-17591	1930	19	claim	claim	VERB
iiclr-17591	1930	20	that	that	SCONJ
iiclr-17591	1930	21	they	they	PRON
iiclr-17591	1930	22	act	act	VERB
iiclr-17591	1930	23	in	in	ADP
iiclr-17591	1930	24	the	the	DET
iiclr-17591	1930	25	interests	interest	NOUN
iiclr-17591	1930	26	of	of	ADP
iiclr-17591	1930	27	anonymous	anonymous	ADJ
iiclr-17591	1930	28	shareholders	shareholder	NOUN
iiclr-17591	1930	29	and	and	CCONJ
iiclr-17591	1930	30	that	that	PRON
iiclr-17591	1930	31	have	have	VERB
iiclr-17591	1930	32	the	the	DET
iiclr-17591	1930	33	alibi	alibi	NOUN
iiclr-17591	1930	34	of	of	ADP
iiclr-17591	1930	35	maximizing	maximize	VERB
iiclr-17591	1930	36	their	their	PRON
iiclr-17591	1930	37	wealth	wealth	NOUN
iiclr-17591	1930	38	(	(	PUNCT
iiclr-17591	1930	39	even	even	ADV
iiclr-17591	1930	40	when	when	SCONJ
iiclr-17591	1930	41	such	such	ADJ
iiclr-17591	1930	42	wealth	wealth	NOUN
iiclr-17591	1930	43	comes	come	VERB
iiclr-17591	1930	44	as	as	ADP
iiclr-17591	1930	45	a	a	DET
iiclr-17591	1930	46	transfer	transfer	NOUN
iiclr-17591	1930	47	from	from	ADP
iiclr-17591	1930	48	someone	someone	PRON
iiclr-17591	1930	49	else	else	ADV
iiclr-17591	1930	50	's	's	PART
iiclr-17591	1930	51	)	)	PUNCT
iiclr-17591	1930	52	.	.	PUNCT
iiclr-17591	1931	1	the	the	DET
iiclr-17591	1931	2	unscrupulous	unscrupulous	ADJ
iiclr-17591	1931	3	and	and	CCONJ
iiclr-17591	1931	4	aggressive	aggressive	ADJ
iiclr-17591	1931	5	,	,	PUNCT
iiclr-17591	1931	6	even	even	ADV
iiclr-17591	1931	7	if	if	SCONJ
iiclr-17591	1931	8	largely	largely	ADV
iiclr-17591	1931	9	lawful	lawful	ADJ
iiclr-17591	1931	10	,	,	PUNCT
iiclr-17591	1931	11	business	business	NOUN
iiclr-17591	1931	12	behavior	behavior	NOUN
iiclr-17591	1931	13	of	of	ADP
iiclr-17591	1931	14	the	the	DET
iiclr-17591	1931	15	tobacco	tobacco	NOUN
iiclr-17591	1931	16	companies	company	NOUN
iiclr-17591	1931	17	in	in	ADP
iiclr-17591	1931	18	western	western	ADJ
iiclr-17591	1931	19	countries	country	NOUN
iiclr-17591	1931	20	in	in	ADP
iiclr-17591	1931	21	the	the	DET
iiclr-17591	1931	22	past	past	NOUN
iiclr-17591	1931	23	and	and	CCONJ
iiclr-17591	1931	24	in	in	ADP
iiclr-17591	1931	25	developing	develop	VERB
iiclr-17591	1931	26	countries	country	NOUN
iiclr-17591	1931	27	today	today	NOUN
iiclr-17591	1931	28	,	,	PUNCT
iiclr-17591	1931	29	is	be	AUX
iiclr-17591	1931	30	a	a	DET
iiclr-17591	1931	31	clear	clear	ADJ
iiclr-17591	1931	32	example	example	NOUN
iiclr-17591	1931	33	of	of	ADP
iiclr-17591	1931	34	lack	lack	NOUN
iiclr-17591	1931	35	of	of	ADP
iiclr-17591	1931	36	managerial	managerial	ADJ
iiclr-17591	1931	37	moral	moral	ADJ
iiclr-17591	1931	38	constraints	constraint	NOUN
iiclr-17591	1931	39	.	.	PUNCT
iiclr-17591	1932	1	(	(	PUNCT
iiclr-17591	1932	2	i	i	PRON
iiclr-17591	1932	3	want	want	VERB
iiclr-17591	1932	4	to	to	PART
iiclr-17591	1932	5	stress	stress	VERB
iiclr-17591	1932	6	that	that	SCONJ
iiclr-17591	1932	7	my	my	PRON
iiclr-17591	1932	8	point	point	NOUN
iiclr-17591	1932	9	does	do	AUX
iiclr-17591	1932	10	not	not	PART
iiclr-17591	1932	11	concern	concern	VERB
iiclr-17591	1932	12	the	the	DET
iiclr-17591	1932	13	question	question	NOUN
iiclr-17591	1932	14	whether	whether	SCONJ
iiclr-17591	1932	15	managers	manager	NOUN
iiclr-17591	1932	16	should	should	AUX
iiclr-17591	1932	17	enhance	enhance	VERB
iiclr-17591	1932	18	interests	interest	NOUN
iiclr-17591	1932	19	other	other	ADJ
iiclr-17591	1932	20	than	than	ADP
iiclr-17591	1932	21	those	those	PRON
iiclr-17591	1932	22	of	of	ADP
iiclr-17591	1932	23	shareholders	shareholder	NOUN
iiclr-17591	1932	24	;	;	PUNCT
iiclr-17591	1932	25	it	it	PRON
iiclr-17591	1932	26	only	only	ADV
iiclr-17591	1932	27	concerns	concern	VERB
iiclr-17591	1932	28	the	the	DET
iiclr-17591	1932	29	extent	extent	NOUN
iiclr-17591	1932	30	to	to	PART
iiclr-17591	1932	31	which	which	PRON
iiclr-17591	1932	32	managers	manager	NOUN
iiclr-17591	1932	33	are	be	AUX
iiclr-17591	1932	34	allowed	allow	VERB
iiclr-17591	1932	35	to	to	PART
iiclr-17591	1932	36	pursue	pursue	VERB
iiclr-17591	1932	37	the	the	DET
iiclr-17591	1932	38	interests	interest	NOUN
iiclr-17591	1932	39	of	of	ADP
iiclr-17591	1932	40	shareholders	shareholder	NOUN
iiclr-17591	1932	41	.	.	PUNCT
iiclr-17591	1933	1	i	i	PRON
iiclr-17591	1933	2	am	be	AUX
iiclr-17591	1933	3	not	not	PART
iiclr-17591	1933	4	advancing	advance	VERB
iiclr-17591	1933	5	any	any	DET
iiclr-17591	1933	6	theory	theory	NOUN
iiclr-17591	1933	7	about	about	ADP
iiclr-17591	1933	8	the	the	DET
iiclr-17591	1933	9	issue	issue	NOUN
iiclr-17591	1933	10	of	of	ADP
iiclr-17591	1933	11	the	the	DET
iiclr-17591	1933	12	social	social	ADJ
iiclr-17591	1933	13	responsibility	responsibility	NOUN
iiclr-17591	1933	14	of	of	ADP
iiclr-17591	1933	15	the	the	DET
iiclr-17591	1933	16	corporation	corporation	NOUN
iiclr-17591	1933	17	.	.	PUNCT
iiclr-17591	1933	18	)	)	PUNCT
iiclr-17591	1934	1	the	the	DET
iiclr-17591	1934	2	position	position	NOUN
iiclr-17591	1934	3	expressed	express	VERB
iiclr-17591	1934	4	in	in	ADP
iiclr-17591	1934	5	1	1	NUM
iiclr-17591	1934	6	american	american	ADJ
iiclr-17591	1934	7	law	law	NOUN
iiclr-17591	1934	8	instrrtrre	instrrtrre	NOUN
iiclr-17591	1934	9	,	,	PUNCT
iiclr-17591	1934	10	principles	principle	NOUN
iiclr-17591	1934	11	of	of	ADP
iiclr-17591	1934	12	corporate	corporate	ADJ
iiclr-17591	1934	13	governance	governance	NOUN
iiclr-17591	1934	14	:	:	PUNCT
iiclr-17591	1934	15	analysis	analysis	NOUN
iiclr-17591	1934	16	and	and	CCONJ
iiclr-17591	1934	17	recommendations	recommendation	NOUN
iiclr-17591	1934	18	§	§	PROPN
iiclr-17591	1934	19	2.01	2.01	NUM
iiclr-17591	1934	20	(	(	PUNCT
iiclr-17591	1934	21	bx2	bx2	PROPN
iiclr-17591	1934	22	)	)	PUNCT
iiclr-17591	1934	23	(	(	PUNCT
iiclr-17591	1934	24	1994	1994	NUM
iiclr-17591	1934	25	)	)	PUNCT
iiclr-17591	1934	26	is	be	AUX
iiclr-17591	1934	27	interesting	interesting	ADJ
iiclr-17591	1934	28	but	but	CCONJ
iiclr-17591	1934	29	somewhat	somewhat	ADV
iiclr-17591	1934	30	affected	affect	VERB
iiclr-17591	1934	31	by	by	ADP
iiclr-17591	1934	32	ambiguity	ambiguity	NOUN
iiclr-17591	1934	33	:	:	PUNCT
iiclr-17591	1934	34	"	"	PUNCT
iiclr-17591	1934	35	even	even	ADV
iiclr-17591	1934	36	if	if	SCONJ
iiclr-17591	1934	37	corporate	corporate	ADJ
iiclr-17591	1934	38	profit	profit	NOUN
iiclr-17591	1934	39	and	and	CCONJ
iiclr-17591	1934	40	shareholder	shareholder	NOUN
iiclr-17591	1934	41	gain	gain	NOUN
iiclr-17591	1934	42	are	be	AUX
iiclr-17591	1934	43	not	not	PART
iiclr-17591	1934	44	thereby	thereby	ADV
iiclr-17591	1934	45	enhanced	enhance	VERB
iiclr-17591	1934	46	,	,	PUNCT
iiclr-17591	1934	47	the	the	DET
iiclr-17591	1934	48	corporation	corporation	NOUN
iiclr-17591	1934	49	,	,	PUNCT
iiclr-17591	1934	50	in	in	ADP
iiclr-17591	1934	51	the	the	DET
iiclr-17591	1934	52	conduct	conduct	NOUN
iiclr-17591	1934	53	of	of	ADP
iiclr-17591	1934	54	its	its	PRON
iiclr-17591	1934	55	business	business	NOUN
iiclr-17591	1934	56	:	:	PUNCT
iiclr-17591	1934	57	(	(	PUNCT
iiclr-17591	1934	58	1	1	X
iiclr-17591	1934	59	)	)	PUNCT
iiclr-17591	1934	60	is	be	AUX
iiclr-17591	1934	61	obliged	oblige	VERB
iiclr-17591	1934	62	,	,	PUNCT
iiclr-17591	1934	63	to	to	ADP
iiclr-17591	1934	64	the	the	DET
iiclr-17591	1934	65	same	same	ADJ
iiclr-17591	1934	66	extent	extent	NOUN
iiclr-17591	1934	67	as	as	ADP
iiclr-17591	1934	68	a	a	DET
iiclr-17591	1934	69	natural	natural	ADJ
iiclr-17591	1934	70	person	person	NOUN
iiclr-17591	1934	71	,	,	PUNCT
iiclr-17591	1934	72	to	to	PART
iiclr-17591	1934	73	act	act	VERB
iiclr-17591	1934	74	within	within	ADP
iiclr-17591	1934	75	the	the	DET
iiclr-17591	1934	76	boundaries	boundary	NOUN
iiclr-17591	1934	77	set	set	VERB
iiclr-17591	1934	78	by	by	ADP
iiclr-17591	1934	79	law	law	NOUN
iiclr-17591	1934	80	;	;	PUNCT
iiclr-17591	1934	81	(	(	PUNCT
iiclr-17591	1934	82	2	2	X
iiclr-17591	1934	83	)	)	PUNCT
iiclr-17591	1934	84	may	may	AUX
iiclr-17591	1934	85	take	take	VERB
iiclr-17591	1934	86	into	into	ADP
iiclr-17591	1934	87	account	account	NOUN
iiclr-17591	1934	88	ethical	ethical	ADJ
iiclr-17591	1934	89	considerations	consideration	NOUN
iiclr-17591	1934	90	that	that	PRON
iiclr-17591	1934	91	are	be	AUX
iiclr-17591	1934	92	reasonably	reasonably	ADV
iiclr-17591	1934	93	regarded	regard	VERB
iiclr-17591	1934	94	as	as	ADP
iiclr-17591	1934	95	appropriate	appropriate	ADJ
iiclr-17591	1934	96	to	to	ADP
iiclr-17591	1934	97	the	the	DET
iiclr-17591	1934	98	responsible	responsible	ADJ
iiclr-17591	1934	99	conduct	conduct	NOUN
iiclr-17591	1934	100	of	of	ADP
iiclr-17591	1934	101	business	business	NOUN
iiclr-17591	1934	102	.....	.....	PUNCT
iiclr-17591	1935	1	(	(	PUNCT
iiclr-17591	1935	2	emphasis	emphasis	NOUN
iiclr-17591	1935	3	added	add	VERB
iiclr-17591	1935	4	)	)	PUNCT
iiclr-17591	1935	5	.	.	PUNCT
iiclr-17591	1936	1	although	although	SCONJ
iiclr-17591	1936	2	the	the	DET
iiclr-17591	1936	3	accompanying	accompany	VERB
iiclr-17591	1936	4	comment	comment	NOUN
iiclr-17591	1936	5	(	(	PUNCT
iiclr-17591	1936	6	i	i	PRON
iiclr-17591	1936	7	d.	d.	PROPN
iiclr-17591	1936	8	at	at	ADP
iiclr-17591	1936	9	h	h	NOUN
iiclr-17591	1936	10	)	)	PUNCT
iiclr-17591	1936	11	states	state	NOUN
iiclr-17591	1936	12	that	that	SCONJ
iiclr-17591	1936	13	making	make	VERB
iiclr-17591	1936	14	corporate	corporate	ADJ
iiclr-17591	1936	15	decisions	decision	NOUN
iiclr-17591	1936	16	also	also	ADV
iiclr-17591	1936	17	on	on	ADP
iiclr-17591	1936	18	the	the	DET
iiclr-17591	1936	19	basis	basis	NOUN
iiclr-17591	1936	20	of	of	ADP
iiclr-17591	1936	21	non	non	ADJ
iiclr-17591	1936	22	-	-	ADJ
iiclr-17591	1936	23	profit	profit	NOUN
iiclr-17591	1936	24	-	-	PUNCT
iiclr-17591	1936	25	maximizing	maximize	VERB
iiclr-17591	1936	26	ethical	ethical	ADJ
iiclr-17591	1936	27	consideration	consideration	NOUN
iiclr-17591	1936	28	is	be	AUX
iiclr-17591	1936	29	"	"	PUNCT
iiclr-17591	1936	30	not	not	PART
iiclr-17591	1936	31	only	only	ADV
iiclr-17591	1936	32	appropriate	appropriate	ADJ
iiclr-17591	1936	33	,	,	PUNCT
iiclr-17591	1936	34	but	but	CCONJ
iiclr-17591	1936	35	desirable	desirable	ADJ
iiclr-17591	1936	36	,	,	PUNCT
iiclr-17591	1936	37	"	"	PUNCT
iiclr-17591	1936	38	the	the	DET
iiclr-17591	1936	39	literal	literal	ADJ
iiclr-17591	1936	40	formulation	formulation	NOUN
iiclr-17591	1936	41	of	of	ADP
iiclr-17591	1936	42	§	§	PROPN
iiclr-17591	1936	43	2.01	2.01	NUM
iiclr-17591	1936	44	(	(	PUNCT
iiclr-17591	1936	45	b)(2	b)(2	X
iiclr-17591	1936	46	)	)	PUNCT
iiclr-17591	1936	47	does	do	AUX
iiclr-17591	1936	48	not	not	PART
iiclr-17591	1936	49	recommend	recommend	VERB
iiclr-17591	1936	50	such	such	ADJ
iiclr-17591	1936	51	conduct	conduct	NOUN
iiclr-17591	1936	52	:	:	PUNCT
iiclr-17591	1936	53	it	it	PRON
iiclr-17591	1936	54	only	only	ADV
iiclr-17591	1936	55	insulates	insulate	VERB
iiclr-17591	1936	56	managers	manager	NOUN
iiclr-17591	1936	57	that	that	PRON
iiclr-17591	1936	58	follow	follow	VERB
iiclr-17591	1936	59	it	it	PRON
iiclr-17591	1936	60	from	from	ADP
iiclr-17591	1936	61	liablility	liablility	NOUN
iiclr-17591	1936	62	.	.	PUNCT
iiclr-17591	1937	1	by	by	ADP
iiclr-17591	1937	2	contrasting	contrast	VERB
iiclr-17591	1937	3	mandatory	mandatory	ADJ
iiclr-17591	1937	4	compliance	compliance	NOUN
iiclr-17591	1937	5	with	with	ADP
iiclr-17591	1937	6	the	the	DET
iiclr-17591	1937	7	law	law	NOUN
iiclr-17591	1937	8	and	and	CCONJ
iiclr-17591	1937	9	voluntary	voluntary	ADJ
iiclr-17591	1937	10	observance	observance	NOUN
iiclr-17591	1937	11	of	of	ADP
iiclr-17591	1937	12	"	"	PUNCT
iiclr-17591	1937	13	ethical	ethical	ADJ
iiclr-17591	1937	14	considerations	consideration	NOUN
iiclr-17591	1937	15	,	,	PUNCT
iiclr-17591	1937	16	"	"	PUNCT
iiclr-17591	1937	17	ali	ali	PROPN
iiclr-17591	1937	18	places	place	VERB
iiclr-17591	1937	19	an	an	DET
iiclr-17591	1937	20	enormous	enormous	ADJ
iiclr-17591	1937	21	reliance	reliance	NOUN
iiclr-17591	1937	22	on	on	ADP
iiclr-17591	1937	23	the	the	DET
iiclr-17591	1937	24	promptness	promptness	NOUN
iiclr-17591	1937	25	of	of	ADP
iiclr-17591	1937	26	the	the	DET
iiclr-17591	1937	27	legal	legal	ADJ
iiclr-17591	1937	28	system	system	NOUN
iiclr-17591	1937	29	in	in	ADP
iiclr-17591	1937	30	identifying	identify	VERB
iiclr-17591	1937	31	and	and	CCONJ
iiclr-17591	1937	32	prohibiting	prohibit	VERB
iiclr-17591	1937	33	every	every	DET
iiclr-17591	1937	34	kind	kind	NOUN
iiclr-17591	1937	35	of	of	ADP
iiclr-17591	1937	36	unjustified	unjustified	ADJ
iiclr-17591	1937	37	wealth	wealth	NOUN
iiclr-17591	1937	38	transfer	transfer	NOUN
iiclr-17591	1937	39	,	,	PUNCT
iiclr-17591	1937	40	an	an	DET
iiclr-17591	1937	41	ability	ability	NOUN
iiclr-17591	1937	42	which	which	PRON
iiclr-17591	1937	43	seems	seem	VERB
iiclr-17591	1937	44	to	to	ADP
iiclr-17591	1937	45	me	i	PRON
iiclr-17591	1937	46	at	at	ADP
iiclr-17591	1937	47	least	least	ADJ
iiclr-17591	1937	48	doubtful	doubtful	ADJ
iiclr-17591	1937	49	.	.	PUNCT
iiclr-17591	1938	1	(	(	PUNCT
iiclr-17591	1938	2	the	the	DET
iiclr-17591	1938	3	problems	problem	NOUN
iiclr-17591	1938	4	encountered	encounter	VERB
iiclr-17591	1938	5	by	by	ADP
iiclr-17591	1938	6	even	even	ADV
iiclr-17591	1938	7	the	the	DET
iiclr-17591	1938	8	most	most	ADV
iiclr-17591	1938	9	meritorious	meritorious	ADJ
iiclr-17591	1938	10	suits	suit	NOUN
iiclr-17591	1938	11	against	against	ADP
iiclr-17591	1938	12	the	the	DET
iiclr-17591	1938	13	tobacco	tobacco	NOUN
iiclr-17591	1938	14	companies	company	NOUN
iiclr-17591	1938	15	for	for	ADP
iiclr-17591	1938	16	their	their	PRON
iiclr-17591	1938	17	past	past	ADJ
iiclr-17591	1938	18	conduct	conduct	NOUN
iiclr-17591	1938	19	are	be	AUX
iiclr-17591	1938	20	evidence	evidence	NOUN
iiclr-17591	1938	21	that	that	SCONJ
iiclr-17591	1938	22	complete	complete	ADJ
iiclr-17591	1938	23	reliance	reliance	NOUN
iiclr-17591	1938	24	would	would	AUX
iiclr-17591	1938	25	be	be	AUX
iiclr-17591	1938	26	misplaced	misplace	VERB
iiclr-17591	1938	27	.	.	PUNCT
iiclr-17591	1938	28	)	)	PUNCT
iiclr-17591	1939	1	possibly	possibly	ADV
iiclr-17591	1939	2	,	,	PUNCT
iiclr-17591	1939	3	all	all	PRON
iiclr-17591	1939	4	is	be	AUX
iiclr-17591	1939	5	giving	give	VERB
iiclr-17591	1939	6	up	up	ADP
iiclr-17591	1939	7	any	any	DET
iiclr-17591	1939	8	attempt	attempt	NOUN
iiclr-17591	1939	9	to	to	PART
iiclr-17591	1939	10	curb	curb	VERB
iiclr-17591	1939	11	the	the	DET
iiclr-17591	1939	12	powerful	powerful	ADJ
iiclr-17591	1939	13	force	force	NOUN
iiclr-17591	1939	14	of	of	ADP
iiclr-17591	1939	15	the	the	DET
iiclr-17591	1939	16	public	public	ADJ
iiclr-17591	1939	17	stock	stock	NOUN
iiclr-17591	1939	18	market	market	NOUN
iiclr-17591	1939	19	,	,	PUNCT
iiclr-17591	1939	20	pragmatically	pragmatically	ADV
iiclr-17591	1939	21	settling	settle	VERB
iiclr-17591	1939	22	for	for	ADP
iiclr-17591	1939	23	objective	objective	ADJ
iiclr-17591	1939	24	criteria	criterion	NOUN
iiclr-17591	1939	25	.	.	PUNCT
iiclr-17591	1940	1	[	[	X
iiclr-17591	1940	2	vol	vol	NOUN
iiclr-17591	1940	3	.	.	PUNCT
iiclr-17591	1941	1	6:1	6:1	NUM
iiclr-17591	1941	2	corporate	corporate	ADJ
iiclr-17591	1941	3	governance	governance	NOUN
iiclr-17591	1941	4	in	in	ADP
iiclr-17591	1941	5	italy	italy	PROPN
iiclr-17591	1941	6	what	what	PRON
iiclr-17591	1941	7	is	be	AUX
iiclr-17591	1941	8	the	the	DET
iiclr-17591	1941	9	role	role	NOUN
iiclr-17591	1941	10	of	of	ADP
iiclr-17591	1941	11	the	the	DET
iiclr-17591	1941	12	italian	italian	ADJ
iiclr-17591	1941	13	public	public	ADJ
iiclr-17591	1941	14	stock	stock	NOUN
iiclr-17591	1941	15	market	market	NOUN
iiclr-17591	1941	16	as	as	ADP
iiclr-17591	1941	17	a	a	DET
iiclr-17591	1941	18	governance	governance	NOUN
iiclr-17591	1941	19	institution	institution	NOUN
iiclr-17591	1941	20	?	?	PUNCT
iiclr-17591	1942	1	its	its	PRON
iiclr-17591	1942	2	role	role	NOUN
iiclr-17591	1942	3	is	be	AUX
iiclr-17591	1942	4	limited	limit	VERB
iiclr-17591	1942	5	,	,	PUNCT
iiclr-17591	1942	6	but	but	CCONJ
iiclr-17591	1942	7	not	not	PART
iiclr-17591	1942	8	negligible	negligible	ADJ
iiclr-17591	1942	9	.	.	PUNCT
iiclr-17591	1943	1	besides	besides	SCONJ
iiclr-17591	1943	2	being	be	AUX
iiclr-17591	1943	3	a	a	DET
iiclr-17591	1943	4	source	source	NOUN
iiclr-17591	1943	5	of	of	ADP
iiclr-17591	1943	6	equity	equity	NOUN
iiclr-17591	1943	7	capital	capital	NOUN
iiclr-17591	1943	8	for	for	ADP
iiclr-17591	1943	9	large	large	ADJ
iiclr-17591	1943	10	firms	firm	NOUN
iiclr-17591	1943	11	,	,	PUNCT
iiclr-17591	1943	12	6	6	NUM
iiclr-17591	1943	13	the	the	DET
iiclr-17591	1943	14	public	public	ADJ
iiclr-17591	1943	15	stock	stock	NOUN
iiclr-17591	1943	16	market	market	NOUN
iiclr-17591	1943	17	is	be	AUX
iiclr-17591	1943	18	a	a	DET
iiclr-17591	1943	19	(	(	PUNCT
iiclr-17591	1943	20	semi	semi	ADJ
iiclr-17591	1943	21	-	-	ADJ
iiclr-17591	1943	22	strong	strong	ADJ
iiclr-17591	1943	23	)	)	PUNCT
iiclr-17591	1943	24	monitoring	monitor	VERB
iiclr-17591	1943	25	device	device	NOUN
iiclr-17591	1943	26	on	on	ADP
iiclr-17591	1943	27	management	management	NOUN
iiclr-17591	1943	28	.	.	PUNCT
iiclr-17591	1944	1	indeed	indeed	ADV
iiclr-17591	1944	2	,	,	PUNCT
iiclr-17591	1944	3	although	although	SCONJ
iiclr-17591	1944	4	shareholders	shareholder	NOUN
iiclr-17591	1944	5	'	'	PART
iiclr-17591	1944	6	concentration	concentration	NOUN
iiclr-17591	1944	7	(	(	PUNCT
iiclr-17591	1944	8	and	and	CCONJ
iiclr-17591	1944	9	not	not	PART
iiclr-17591	1944	10	the	the	DET
iiclr-17591	1944	11	existing	exist	VERB
iiclr-17591	1944	12	law	law	NOUN
iiclr-17591	1944	13	)	)	PUNCT
iiclr-17591	1944	14	7	7	NUM
iiclr-17591	1944	15	usually	usually	ADV
iiclr-17591	1944	16	prevents	prevent	VERB
iiclr-17591	1944	17	the	the	DET
iiclr-17591	1944	18	controlling	control	VERB
iiclr-17591	1944	19	group	group	NOUN
iiclr-17591	1944	20	from	from	ADP
iiclr-17591	1944	21	being	be	AUX
iiclr-17591	1944	22	replaced	replace	VERB
iiclr-17591	1944	23	through	through	ADP
iiclr-17591	1944	24	a	a	DET
iiclr-17591	1944	25	hostile	hostile	ADJ
iiclr-17591	1944	26	tender	tender	NOUN
iiclr-17591	1944	27	offer	offer	NOUN
iiclr-17591	1944	28	,	,	PUNCT
iiclr-17591	1944	29	the	the	DET
iiclr-17591	1944	30	stock	stock	NOUN
iiclr-17591	1944	31	market	market	NOUN
iiclr-17591	1944	32	can	can	AUX
iiclr-17591	1944	33	put	put	VERB
iiclr-17591	1944	34	an	an	DET
iiclr-17591	1944	35	inefficient	inefficient	ADJ
iiclr-17591	1944	36	management	management	NOUN
iiclr-17591	1944	37	under	under	ADP
iiclr-17591	1944	38	strong	strong	ADJ
iiclr-17591	1944	39	pressure	pressure	NOUN
iiclr-17591	1944	40	.	.	PUNCT
iiclr-17591	1945	1	actual	actual	ADJ
iiclr-17591	1945	2	cases	case	NOUN
iiclr-17591	1945	3	show	show	VERB
iiclr-17591	1945	4	that	that	SCONJ
iiclr-17591	1945	5	managerial	managerial	ADJ
iiclr-17591	1945	6	entrenchment	entrenchment	NOUN
iiclr-17591	1945	7	does	do	AUX
iiclr-17591	1945	8	not	not	PART
iiclr-17591	1945	9	depend	depend	VERB
iiclr-17591	1945	10	only	only	ADV
iiclr-17591	1945	11	on	on	ADP
iiclr-17591	1945	12	the	the	DET
iiclr-17591	1945	13	size	size	NOUN
iiclr-17591	1945	14	of	of	ADP
iiclr-17591	1945	15	ownership	ownership	NOUN
iiclr-17591	1945	16	as	as	SCONJ
iiclr-17591	1945	17	some	some	DET
iiclr-17591	1945	18	studies	study	NOUN
iiclr-17591	1945	19	seem	seem	VERB
iiclr-17591	1945	20	to	to	ADP
iiclr-17591	1945	21	assume,23	assume,23	NOUN
iiclr-17591	1945	22	and	and	CCONJ
iiclr-17591	1945	23	it	it	PRON
iiclr-17591	1945	24	is	be	AUX
iiclr-17591	1945	25	not	not	PART
iiclr-17591	1945	26	complete	complete	ADJ
iiclr-17591	1945	27	even	even	ADV
iiclr-17591	1945	28	with	with	ADP
iiclr-17591	1945	29	the	the	DET
iiclr-17591	1945	30	possession	possession	NOUN
iiclr-17591	1945	31	of	of	ADP
iiclr-17591	1945	32	the	the	DET
iiclr-17591	1945	33	absolute	absolute	ADJ
iiclr-17591	1945	34	majority	majority	NOUN
iiclr-17591	1945	35	of	of	ADP
iiclr-17591	1945	36	voting	voting	NOUN
iiclr-17591	1945	37	rights	right	NOUN
iiclr-17591	1945	38	.	.	PUNCT
iiclr-17591	1946	1	formal	formal	ADJ
iiclr-17591	1946	2	and	and	CCONJ
iiclr-17591	1946	3	informal	informal	ADJ
iiclr-17591	1946	4	mechanisms	mechanism	NOUN
iiclr-17591	1946	5	,	,	PUNCT
iiclr-17591	1946	6	other	other	ADJ
iiclr-17591	1946	7	than	than	ADP
iiclr-17591	1946	8	hostile	hostile	ADJ
iiclr-17591	1946	9	takeovers	takeover	NOUN
iiclr-17591	1946	10	,	,	PUNCT
iiclr-17591	1946	11	may	may	AUX
iiclr-17591	1946	12	come	come	VERB
iiclr-17591	1946	13	into	into	ADP
iiclr-17591	1946	14	play	play	NOUN
iiclr-17591	1946	15	.	.	PUNCT
iiclr-17591	1947	1	it	it	PRON
iiclr-17591	1947	2	is	be	AUX
iiclr-17591	1947	3	clear	clear	ADJ
iiclr-17591	1947	4	that	that	SCONJ
iiclr-17591	1947	5	italian	italian	ADJ
iiclr-17591	1947	6	corporate	corporate	ADJ
iiclr-17591	1947	7	governance	governance	NOUN
iiclr-17591	1947	8	must	must	AUX
iiclr-17591	1947	9	be	be	AUX
iiclr-17591	1947	10	perfected	perfect	VERB
iiclr-17591	1947	11	,	,	PUNCT
iiclr-17591	1947	12	but	but	CCONJ
iiclr-17591	1947	13	its	its	PRON
iiclr-17591	1947	14	advantages	advantage	NOUN
iiclr-17591	1947	15	and	and	CCONJ
iiclr-17591	1947	16	disadvantages	disadvantage	NOUN
iiclr-17591	1947	17	can	can	AUX
iiclr-17591	1947	18	not	not	PART
iiclr-17591	1947	19	be	be	AUX
iiclr-17591	1947	20	separated	separate	VERB
iiclr-17591	1947	21	.	.	PUNCT
iiclr-17591	1948	1	the	the	DET
iiclr-17591	1948	2	incentive	incentive	NOUN
iiclr-17591	1948	3	to	to	ADP
iiclr-17591	1948	4	a	a	DET
iiclr-17591	1948	5	good	good	ADJ
iiclr-17591	1948	6	performance	performance	NOUN
iiclr-17591	1948	7	that	that	PRON
iiclr-17591	1948	8	comes	come	VERB
iiclr-17591	1948	9	from	from	ADP
iiclr-17591	1948	10	large	large	ADJ
iiclr-17591	1948	11	shareholdings	shareholding	NOUN
iiclr-17591	1948	12	may	may	AUX
iiclr-17591	1948	13	cause	cause	VERB
iiclr-17591	1948	14	the	the	DET
iiclr-17591	1948	15	entrenchment	entrenchment	ADJ
iiclr-17591	1948	16	effect	effect	NOUN
iiclr-17591	1948	17	as	as	ADP
iiclr-17591	1948	18	a	a	DET
iiclr-17591	1948	19	by	by	NOUN
iiclr-17591	1948	20	-	-	PUNCT
iiclr-17591	1948	21	product	product	NOUN
iiclr-17591	1948	22	.	.	PUNCT
iiclr-17591	1949	1	the	the	DET
iiclr-17591	1949	2	stability	stability	NOUN
iiclr-17591	1949	3	that	that	PRON
iiclr-17591	1949	4	allows	allow	VERB
iiclr-17591	1949	5	the	the	DET
iiclr-17591	1949	6	managers	manager	NOUN
iiclr-17591	1949	7	'	'	PART
iiclr-17591	1949	8	a	a	DET
iiclr-17591	1949	9	long	long	ADJ
iiclr-17591	1949	10	-	-	PUNCT
iiclr-17591	1949	11	term	term	NOUN
iiclr-17591	1949	12	view	view	NOUN
iiclr-17591	1949	13	may	may	AUX
iiclr-17591	1949	14	also	also	ADV
iiclr-17591	1949	15	reduce	reduce	VERB
iiclr-17591	1949	16	their	their	PRON
iiclr-17591	1949	17	incentive	incentive	NOUN
iiclr-17591	1949	18	to	to	PART
iiclr-17591	1949	19	maximize	maximize	VERB
iiclr-17591	1949	20	shareholders	shareholder	NOUN
iiclr-17591	1949	21	'	'	PART
iiclr-17591	1949	22	wealth	wealth	NOUN
iiclr-17591	1949	23	in	in	ADP
iiclr-17591	1949	24	the	the	DET
iiclr-17591	1949	25	short	short	NOUN
iiclr-17591	1949	26	as	as	ADP
iiclr-17591	1949	27	in	in	ADP
iiclr-17591	1949	28	sum	sum	NOUN
iiclr-17591	1949	29	,	,	PUNCT
iiclr-17591	1949	30	i	i	PRON
iiclr-17591	1949	31	strongly	strongly	ADV
iiclr-17591	1949	32	doubt	doubt	VERB
iiclr-17591	1949	33	that	that	SCONJ
iiclr-17591	1949	34	capitalism	capitalism	NOUN
iiclr-17591	1949	35	with	with	ADP
iiclr-17591	1949	36	anonymous	anonymous	ADJ
iiclr-17591	1949	37	property	property	NOUN
iiclr-17591	1949	38	is	be	AUX
iiclr-17591	1949	39	socially	socially	ADV
iiclr-17591	1949	40	more	more	ADV
iiclr-17591	1949	41	responsible	responsible	ADJ
iiclr-17591	1949	42	than	than	ADP
iiclr-17591	1949	43	a	a	DET
iiclr-17591	1949	44	capitalism	capitalism	NOUN
iiclr-17591	1949	45	with	with	ADP
iiclr-17591	1949	46	well	well	ADV
iiclr-17591	1949	47	-	-	PUNCT
iiclr-17591	1949	48	identified	identify	VERB
iiclr-17591	1949	49	owners	owner	NOUN
iiclr-17591	1949	50	.	.	PUNCT
iiclr-17591	1950	1	(	(	PUNCT
iiclr-17591	1950	2	a	a	DET
iiclr-17591	1950	3	dissimilar	dissimilar	ADJ
iiclr-17591	1950	4	view	view	NOUN
iiclr-17591	1950	5	seems	seem	VERB
iiclr-17591	1950	6	to	to	PART
iiclr-17591	1950	7	emerge	emerge	VERB
iiclr-17591	1950	8	in	in	ADP
iiclr-17591	1950	9	giangiacomo	giangiacomo	NOUN
iiclr-17591	1950	10	nardozzi	nardozzi	NOUN
iiclr-17591	1950	11	,	,	PUNCT
iiclr-17591	1950	12	/	/	SYM
iiclr-17591	1950	13	capitalismo	capitalismo	PROPN
iiclr-17591	1950	14	tutto	tutto	PROPN
iiclr-17591	1950	15	infaniglia	infaniglia	PROPN
iiclr-17591	1950	16	,	,	PUNCT
iiclr-17591	1950	17	il	il	PROPN
iiclr-17591	1950	18	sole	sole	ADJ
iiclr-17591	1950	19	-24	-24	PUNCT
iiclr-17591	1950	20	ore	ore	NOUN
iiclr-17591	1950	21	,	,	PUNCT
iiclr-17591	1950	22	apr	apr	PROPN
iiclr-17591	1950	23	.	.	PROPN
iiclr-17591	1950	24	24	24	NUM
iiclr-17591	1950	25	,	,	PUNCT
iiclr-17591	1950	26	1994	1994	NUM
iiclr-17591	1950	27	,	,	PUNCT
iiclr-17591	1950	28	at	at	ADP
iiclr-17591	1950	29	22	22	NUM
iiclr-17591	1950	30	,	,	PUNCT
iiclr-17591	1950	31	where	where	SCONJ
iiclr-17591	1950	32	italian	italian	ADJ
iiclr-17591	1950	33	industrial	industrial	ADJ
iiclr-17591	1950	34	families	family	NOUN
iiclr-17591	1950	35	are	be	AUX
iiclr-17591	1950	36	blamed	blame	VERB
iiclr-17591	1950	37	for	for	ADP
iiclr-17591	1950	38	having	having	AUX
iiclr-17591	1950	39	turned	turn	VERB
iiclr-17591	1950	40	to	to	ADP
iiclr-17591	1950	41	the	the	DET
iiclr-17591	1950	42	government	government	NOUN
iiclr-17591	1950	43	to	to	PART
iiclr-17591	1950	44	seek	seek	VERB
iiclr-17591	1950	45	protection	protection	NOUN
iiclr-17591	1950	46	against	against	ADP
iiclr-17591	1950	47	competition	competition	NOUN
iiclr-17591	1950	48	.	.	PUNCT
iiclr-17591	1951	1	this	this	PRON
iiclr-17591	1951	2	is	be	AUX
iiclr-17591	1951	3	certainly	certainly	ADV
iiclr-17591	1951	4	true	true	ADJ
iiclr-17591	1951	5	,	,	PUNCT
iiclr-17591	1951	6	but	but	CCONJ
iiclr-17591	1951	7	it	it	PRON
iiclr-17591	1951	8	remains	remain	VERB
iiclr-17591	1951	9	to	to	PART
iiclr-17591	1951	10	be	be	AUX
iiclr-17591	1951	11	seen	see	VERB
iiclr-17591	1951	12	if	if	SCONJ
iiclr-17591	1951	13	such	such	ADJ
iiclr-17591	1951	14	behavior	behavior	NOUN
iiclr-17591	1951	15	is	be	AUX
iiclr-17591	1951	16	to	to	PART
iiclr-17591	1951	17	be	be	AUX
iiclr-17591	1951	18	traced	trace	VERB
iiclr-17591	1951	19	to	to	ADP
iiclr-17591	1951	20	family	family	NOUN
iiclr-17591	1951	21	concentrated	concentrate	VERB
iiclr-17591	1951	22	ownership	ownership	NOUN
iiclr-17591	1951	23	.	.	PUNCT
iiclr-17591	1951	24	)	)	PUNCT
iiclr-17591	1952	1	a	a	DET
iiclr-17591	1952	2	different	different	ADJ
iiclr-17591	1952	3	issue	issue	NOUN
iiclr-17591	1952	4	from	from	ADP
iiclr-17591	1952	5	desirable	desirable	ADJ
iiclr-17591	1952	6	ownership	ownership	NOUN
iiclr-17591	1952	7	structure	structure	NOUN
iiclr-17591	1952	8	is	be	AUX
iiclr-17591	1952	9	that	that	PRON
iiclr-17591	1952	10	of	of	ADP
iiclr-17591	1952	11	desirable	desirable	ADJ
iiclr-17591	1952	12	business	business	NOUN
iiclr-17591	1952	13	size	size	NOUN
iiclr-17591	1952	14	,	,	PUNCT
iiclr-17591	1952	15	which	which	PRON
iiclr-17591	1952	16	underpins	underpin	VERB
iiclr-17591	1952	17	large	large	ADJ
iiclr-17591	1952	18	parts	part	NOUN
iiclr-17591	1952	19	of	of	ADP
iiclr-17591	1952	20	the	the	DET
iiclr-17591	1952	21	american	american	ADJ
iiclr-17591	1952	22	legal	legal	ADJ
iiclr-17591	1952	23	system	system	NOUN
iiclr-17591	1952	24	:	:	PUNCT
iiclr-17591	1952	25	see	see	VERB
iiclr-17591	1952	26	roe	roe	PROPN
iiclr-17591	1952	27	,	,	PUNCT
iiclr-17591	1952	28	supra	supra	PROPN
iiclr-17591	1952	29	note	note	PROPN
iiclr-17591	1952	30	16	16	NUM
iiclr-17591	1952	31	,	,	PUNCT
iiclr-17591	1952	32	at	at	ADP
iiclr-17591	1952	33	21	21	NUM
iiclr-17591	1952	34	-	-	SYM
iiclr-17591	1952	35	49	49	NUM
iiclr-17591	1952	36	,	,	PUNCT
iiclr-17591	1952	37	although	although	SCONJ
iiclr-17591	1952	38	with	with	ADP
iiclr-17591	1952	39	particular	particular	ADJ
iiclr-17591	1952	40	focus	focus	NOUN
iiclr-17591	1952	41	on	on	ADP
iiclr-17591	1952	42	the	the	DET
iiclr-17591	1952	43	fragmentation	fragmentation	NOUN
iiclr-17591	1952	44	of	of	ADP
iiclr-17591	1952	45	financial	financial	ADJ
iiclr-17591	1952	46	institutions	institution	NOUN
iiclr-17591	1952	47	.	.	PUNCT
iiclr-17591	1953	1	antitrust	antitrust	ADJ
iiclr-17591	1953	2	law	law	NOUN
iiclr-17591	1953	3	,	,	PUNCT
iiclr-17591	1953	4	of	of	ADP
iiclr-17591	1953	5	course	course	NOUN
iiclr-17591	1953	6	,	,	PUNCT
iiclr-17591	1953	7	is	be	AUX
iiclr-17591	1953	8	the	the	DET
iiclr-17591	1953	9	most	most	ADV
iiclr-17591	1953	10	powerful	powerful	ADJ
iiclr-17591	1953	11	tool	tool	NOUN
iiclr-17591	1953	12	of	of	ADP
iiclr-17591	1953	13	economic	economic	ADJ
iiclr-17591	1953	14	policy	policy	NOUN
iiclr-17591	1953	15	dealing	deal	VERB
iiclr-17591	1953	16	with	with	ADP
iiclr-17591	1953	17	the	the	DET
iiclr-17591	1953	18	issue	issue	NOUN
iiclr-17591	1953	19	of	of	ADP
iiclr-17591	1953	20	desirable	desirable	ADJ
iiclr-17591	1953	21	business	business	NOUN
iiclr-17591	1953	22	size	size	NOUN
iiclr-17591	1953	23	.	.	PUNCT
iiclr-17591	1954	1	236	236	NUM
iiclr-17591	1954	2	.	.	PUNCT
iiclr-17591	1955	1	seesupra	seesupra	PROPN
iiclr-17591	1955	2	note	note	VERB
iiclr-17591	1955	3	209	209	NUM
iiclr-17591	1955	4	,	,	PUNCT
iiclr-17591	1955	5	for	for	ADP
iiclr-17591	1955	6	the	the	DET
iiclr-17591	1955	7	relative	relative	ADJ
iiclr-17591	1955	8	ease	ease	NOUN
iiclr-17591	1955	9	with	with	ADP
iiclr-17591	1955	10	which	which	PRON
iiclr-17591	1955	11	italian	italian	ADJ
iiclr-17591	1955	12	firms	firm	NOUN
iiclr-17591	1955	13	can	can	AUX
iiclr-17591	1955	14	raise	raise	VERB
iiclr-17591	1955	15	capital	capital	NOUN
iiclr-17591	1955	16	from	from	ADP
iiclr-17591	1955	17	the	the	DET
iiclr-17591	1955	18	public	public	NOUN
iiclr-17591	1955	19	.	.	PUNCT
iiclr-17591	1956	1	237	237	NUM
iiclr-17591	1956	2	.	.	PUNCT
iiclr-17591	1957	1	the	the	DET
iiclr-17591	1957	2	italian	italian	ADJ
iiclr-17591	1957	3	law	law	NOUN
iiclr-17591	1957	4	on	on	ADP
iiclr-17591	1957	5	tender	tender	NOUN
iiclr-17591	1957	6	offers	offer	NOUN
iiclr-17591	1957	7	has	have	VERB
iiclr-17591	1957	8	a	a	DET
iiclr-17591	1957	9	double	double	ADJ
iiclr-17591	1957	10	-	-	PUNCT
iiclr-17591	1957	11	face	face	NOUN
iiclr-17591	1957	12	effect	effect	NOUN
iiclr-17591	1957	13	.	.	PUNCT
iiclr-17591	1958	1	it	it	PRON
iiclr-17591	1958	2	renders	render	VERB
iiclr-17591	1958	3	costlier	costly	ADJ
iiclr-17591	1958	4	the	the	DET
iiclr-17591	1958	5	transfer	transfer	NOUN
iiclr-17591	1958	6	of	of	ADP
iiclr-17591	1958	7	control	control	NOUN
iiclr-17591	1958	8	by	by	ADP
iiclr-17591	1958	9	means	mean	NOUN
iiclr-17591	1958	10	of	of	ADP
iiclr-17591	1958	11	direct	direct	ADJ
iiclr-17591	1958	12	purchase	purchase	NOUN
iiclr-17591	1958	13	of	of	ADP
iiclr-17591	1958	14	a	a	DET
iiclr-17591	1958	15	controlling	control	VERB
iiclr-17591	1958	16	share	share	NOUN
iiclr-17591	1958	17	,	,	PUNCT
iiclr-17591	1958	18	but	but	CCONJ
iiclr-17591	1958	19	restricts	restrict	VERB
iiclr-17591	1958	20	the	the	DET
iiclr-17591	1958	21	target	target	NOUN
iiclr-17591	1958	22	's	's	PART
iiclr-17591	1958	23	management	management	NOUN
iiclr-17591	1958	24	ability	ability	NOUN
iiclr-17591	1958	25	to	to	PART
iiclr-17591	1958	26	implement	implement	VERB
iiclr-17591	1958	27	defensive	defensive	ADJ
iiclr-17591	1958	28	tactics	tactic	NOUN
iiclr-17591	1958	29	once	once	SCONJ
iiclr-17591	1958	30	the	the	DET
iiclr-17591	1958	31	hostile	hostile	ADJ
iiclr-17591	1958	32	bid	bid	NOUN
iiclr-17591	1958	33	has	have	AUX
iiclr-17591	1958	34	been	be	AUX
iiclr-17591	1958	35	launched	launch	VERB
iiclr-17591	1958	36	(	(	PUNCT
iiclr-17591	1958	37	respectively	respectively	ADV
iiclr-17591	1958	38	,	,	PUNCT
iiclr-17591	1958	39	art	art	NOUN
iiclr-17591	1958	40	.	.	PUNCT
iiclr-17591	1959	1	10(8	10(8	NUM
iiclr-17591	1959	2	)	)	PUNCT
iiclr-17591	1959	3	and	and	CCONJ
iiclr-17591	1959	4	art	art	NOUN
iiclr-17591	1959	5	.	.	PUNCT
iiclr-17591	1960	1	16	16	NUM
iiclr-17591	1960	2	,	,	PUNCT
iiclr-17591	1960	3	law	law	NOUN
iiclr-17591	1960	4	of	of	ADP
iiclr-17591	1960	5	feb	feb	PROPN
iiclr-17591	1960	6	.	.	PROPN
iiclr-17591	1960	7	18	18	NUM
iiclr-17591	1960	8	,	,	PUNCT
iiclr-17591	1960	9	1992	1992	NUM
iiclr-17591	1960	10	,	,	PUNCT
iiclr-17591	1960	11	no	no	INTJ
iiclr-17591	1960	12	.	.	NOUN
iiclr-17591	1960	13	149	149	NUM
iiclr-17591	1960	14	,	,	PUNCT
iiclr-17591	1960	15	on	on	ADP
iiclr-17591	1960	16	which	which	PRON
iiclr-17591	1960	17	see	see	VERB
iiclr-17591	1960	18	mixed	mixed	ADJ
iiclr-17591	1960	19	thoughts	thought	NOUN
iiclr-17591	1960	20	supra	supra	PROPN
iiclr-17591	1960	21	note	note	NOUN
iiclr-17591	1960	22	214	214	NUM
iiclr-17591	1960	23	)	)	PUNCT
iiclr-17591	1960	24	.	.	PUNCT
iiclr-17591	1961	1	this	this	DET
iiclr-17591	1961	2	solution	solution	NOUN
iiclr-17591	1961	3	was	be	AUX
iiclr-17591	1961	4	modeled	model	VERB
iiclr-17591	1961	5	after	after	ADP
iiclr-17591	1961	6	the	the	DET
iiclr-17591	1961	7	thirteenth	thirteenth	ADJ
iiclr-17591	1961	8	european	european	ADJ
iiclr-17591	1961	9	directive	directive	NOUN
iiclr-17591	1961	10	proposal	proposal	NOUN
iiclr-17591	1961	11	on	on	ADP
iiclr-17591	1961	12	company	company	NOUN
iiclr-17591	1961	13	law	law	NOUN
iiclr-17591	1961	14	(	(	PUNCT
iiclr-17591	1961	15	see	see	VERB
iiclr-17591	1961	16	gilson	gilson	PROPN
iiclr-17591	1961	17	,	,	PUNCT
iiclr-17591	1961	18	supra	supra	PROPN
iiclr-17591	1961	19	note	note	PROPN
iiclr-17591	1961	20	117	117	NUM
iiclr-17591	1961	21	)	)	PUNCT
iiclr-17591	1961	22	.	.	PUNCT
iiclr-17591	1962	1	238	238	NUM
iiclr-17591	1962	2	.	.	PUNCT
iiclr-17591	1963	1	the	the	DET
iiclr-17591	1963	2	outcome	outcome	NOUN
iiclr-17591	1963	3	of	of	ADP
iiclr-17591	1963	4	the	the	DET
iiclr-17591	1963	5	recent	recent	ADJ
iiclr-17591	1963	6	crisis	crisis	NOUN
iiclr-17591	1963	7	of	of	ADP
iiclr-17591	1963	8	the	the	DET
iiclr-17591	1963	9	ferruzzi	ferruzzi	PROPN
iiclr-17591	1963	10	group	group	NOUN
iiclr-17591	1963	11	(	(	PUNCT
iiclr-17591	1963	12	supra	supra	PROPN
iiclr-17591	1963	13	note	note	NOUN
iiclr-17591	1963	14	185	185	NUM
iiclr-17591	1963	15	)	)	PUNCT
iiclr-17591	1963	16	is	be	AUX
iiclr-17591	1963	17	a	a	DET
iiclr-17591	1963	18	clear	clear	ADJ
iiclr-17591	1963	19	example	example	NOUN
iiclr-17591	1963	20	of	of	ADP
iiclr-17591	1963	21	the	the	DET
iiclr-17591	1963	22	role	role	NOUN
iiclr-17591	1963	23	played	play	VERB
iiclr-17591	1963	24	by	by	ADP
iiclr-17591	1963	25	the	the	DET
iiclr-17591	1963	26	public	public	ADJ
iiclr-17591	1963	27	stock	stock	NOUN
iiclr-17591	1963	28	market	market	NOUN
iiclr-17591	1963	29	in	in	ADP
iiclr-17591	1963	30	such	such	DET
iiclr-17591	1963	31	a	a	DET
iiclr-17591	1963	32	setting	setting	NOUN
iiclr-17591	1963	33	.	.	PUNCT
iiclr-17591	1964	1	the	the	DET
iiclr-17591	1964	2	group	group	NOUN
iiclr-17591	1964	3	,	,	PUNCT
iiclr-17591	1964	4	due	due	ADJ
iiclr-17591	1964	5	also	also	ADV
iiclr-17591	1964	6	to	to	ADP
iiclr-17591	1964	7	mismanagement	mismanagement	NOUN
iiclr-17591	1964	8	by	by	ADP
iiclr-17591	1964	9	the	the	DET
iiclr-17591	1964	10	members	member	NOUN
iiclr-17591	1964	11	of	of	ADP
iiclr-17591	1964	12	the	the	DET
iiclr-17591	1964	13	controlling	control	VERB
iiclr-17591	1964	14	group	group	NOUN
iiclr-17591	1964	15	,	,	PUNCT
iiclr-17591	1964	16	fell	fall	VERB
iiclr-17591	1964	17	in	in	ADP
iiclr-17591	1964	18	the	the	DET
iiclr-17591	1964	19	spring	spring	NOUN
iiclr-17591	1964	20	of	of	ADP
iiclr-17591	1964	21	1993	1993	NUM
iiclr-17591	1964	22	in	in	ADP
iiclr-17591	1964	23	a	a	DET
iiclr-17591	1964	24	very	very	ADV
iiclr-17591	1964	25	serious	serious	ADJ
iiclr-17591	1964	26	financial	financial	ADJ
iiclr-17591	1964	27	crisis	crisis	NOUN
iiclr-17591	1964	28	.	.	PUNCT
iiclr-17591	1965	1	the	the	DET
iiclr-17591	1965	2	creditor	creditor	NOUN
iiclr-17591	1965	3	banks	bank	NOUN
iiclr-17591	1965	4	not	not	PART
iiclr-17591	1965	5	only	only	ADV
iiclr-17591	1965	6	managed	manage	VERB
iiclr-17591	1965	7	to	to	PART
iiclr-17591	1965	8	rescue	rescue	VERB
iiclr-17591	1965	9	it	it	PRON
iiclr-17591	1965	10	by	by	ADP
iiclr-17591	1965	11	giving	give	VERB
iiclr-17591	1965	12	up	up	ADP
iiclr-17591	1965	13	part	part	NOUN
iiclr-17591	1965	14	of	of	ADP
iiclr-17591	1965	15	the	the	DET
iiclr-17591	1965	16	credits	credit	NOUN
iiclr-17591	1965	17	and	and	CCONJ
iiclr-17591	1965	18	exchanging	exchange	VERB
iiclr-17591	1965	19	part	part	NOUN
iiclr-17591	1965	20	of	of	ADP
iiclr-17591	1965	21	them	they	PRON
iiclr-17591	1965	22	for	for	ADP
iiclr-17591	1965	23	stock	stock	NOUN
iiclr-17591	1965	24	,	,	PUNCT
iiclr-17591	1965	25	but	but	CCONJ
iiclr-17591	1965	26	also	also	ADV
iiclr-17591	1965	27	obtained	obtain	VERB
iiclr-17591	1965	28	a	a	DET
iiclr-17591	1965	29	liability	liability	NOUN
iiclr-17591	1965	30	suit	suit	NOUN
iiclr-17591	1965	31	against	against	ADP
iiclr-17591	1965	32	directors	director	NOUN
iiclr-17591	1965	33	to	to	PART
iiclr-17591	1965	34	be	be	AUX
iiclr-17591	1965	35	instituted	institute	VERB
iiclr-17591	1965	36	through	through	ADP
iiclr-17591	1965	37	a	a	DET
iiclr-17591	1965	38	shareholders	shareholder	NOUN
iiclr-17591	1965	39	'	'	PART
iiclr-17591	1965	40	majority	majority	NOUN
iiclr-17591	1965	41	vote	vote	NOUN
iiclr-17591	1965	42	,	,	PUNCT
iiclr-17591	1965	43	both	both	CCONJ
iiclr-17591	1965	44	by	by	ADP
iiclr-17591	1965	45	the	the	DET
iiclr-17591	1965	46	parent	parent	NOUN
iiclr-17591	1965	47	and	and	CCONJ
iiclr-17591	1965	48	by	by	ADP
iiclr-17591	1965	49	the	the	DET
iiclr-17591	1965	50	largest	large	ADJ
iiclr-17591	1965	51	subsidiary	subsidiary	NOUN
iiclr-17591	1965	52	.	.	PUNCT
iiclr-17591	1966	1	while	while	SCONJ
iiclr-17591	1966	2	the	the	DET
iiclr-17591	1966	3	first	first	ADJ
iiclr-17591	1966	4	part	part	NOUN
iiclr-17591	1966	5	of	of	ADP
iiclr-17591	1966	6	the	the	DET
iiclr-17591	1966	7	agreement	agreement	NOUN
iiclr-17591	1966	8	is	be	AUX
iiclr-17591	1966	9	a	a	DET
iiclr-17591	1966	10	normal	normal	ADJ
iiclr-17591	1966	11	,	,	PUNCT
iiclr-17591	1966	12	value	value	NOUN
iiclr-17591	1966	13	-	-	PUNCT
iiclr-17591	1966	14	creating	create	VERB
iiclr-17591	1966	15	step	step	NOUN
iiclr-17591	1966	16	towards	towards	ADP
iiclr-17591	1966	17	the	the	DET
iiclr-17591	1966	18	solution	solution	NOUN
iiclr-17591	1966	19	of	of	ADP
iiclr-17591	1966	20	a	a	DET
iiclr-17591	1966	21	financial	financial	ADJ
iiclr-17591	1966	22	cisis	cisis	NOUN
iiclr-17591	1966	23	afflicting	afflict	VERB
iiclr-17591	1966	24	a	a	DET
iiclr-17591	1966	25	productive	productive	ADJ
iiclr-17591	1966	26	business	business	NOUN
iiclr-17591	1966	27	,	,	PUNCT
iiclr-17591	1966	28	the	the	DET
iiclr-17591	1966	29	second	second	NOUN
iiclr-17591	1966	30	is	be	AUX
iiclr-17591	1966	31	much	much	ADV
iiclr-17591	1966	32	less	less	ADV
iiclr-17591	1966	33	usual	usual	ADJ
iiclr-17591	1966	34	in	in	ADP
iiclr-17591	1966	35	italy	italy	PROPN
iiclr-17591	1966	36	,	,	PUNCT
iiclr-17591	1966	37	as	as	SCONJ
iiclr-17591	1966	38	a	a	DET
iiclr-17591	1966	39	suit	suit	NOUN
iiclr-17591	1966	40	against	against	ADP
iiclr-17591	1966	41	directors	director	NOUN
iiclr-17591	1966	42	can	can	AUX
iiclr-17591	1966	43	be	be	AUX
iiclr-17591	1966	44	brought	bring	VERB
iiclr-17591	1966	45	only	only	ADV
iiclr-17591	1966	46	if	if	SCONJ
iiclr-17591	1966	47	a	a	DET
iiclr-17591	1966	48	majority	majority	NOUN
iiclr-17591	1966	49	of	of	ADP
iiclr-17591	1966	50	shareholders	shareholder	NOUN
iiclr-17591	1966	51	authorize	authorize	VERB
iiclr-17591	1966	52	it	it	PRON
iiclr-17591	1966	53	(	(	PUNCT
iiclr-17591	1966	54	c.c	c.c	PROPN
iiclr-17591	1966	55	.	.	PROPN
iiclr-17591	1966	56	art	art	NOUN
iiclr-17591	1966	57	.	.	PUNCT
iiclr-17591	1967	1	2393	2393	NUM
iiclr-17591	1967	2	(	(	PUNCT
iiclr-17591	1967	3	italy	italy	PROPN
iiclr-17591	1967	4	):	):	PUNCT
iiclr-17591	1967	5	supra	supra	PROPN
iiclr-17591	1967	6	11i.c.2	11i.c.2	NUM
iiclr-17591	1967	7	)	)	PUNCT
iiclr-17591	1967	8	.	.	PUNCT
iiclr-17591	1968	1	it	it	PRON
iiclr-17591	1968	2	is	be	AUX
iiclr-17591	1968	3	strongly	strongly	ADV
iiclr-17591	1968	4	arguable	arguable	ADJ
iiclr-17591	1968	5	that	that	SCONJ
iiclr-17591	1968	6	,	,	PUNCT
iiclr-17591	1968	7	absent	absent	ADJ
iiclr-17591	1968	8	the	the	DET
iiclr-17591	1968	9	pressure	pressure	NOUN
iiclr-17591	1968	10	coming	come	VERB
iiclr-17591	1968	11	from	from	ADP
iiclr-17591	1968	12	the	the	DET
iiclr-17591	1968	13	stock	stock	NOUN
iiclr-17591	1968	14	market	market	NOUN
iiclr-17591	1968	15	,	,	PUNCT
iiclr-17591	1968	16	the	the	DET
iiclr-17591	1968	17	deal	deal	NOUN
iiclr-17591	1968	18	between	between	ADP
iiclr-17591	1968	19	the	the	DET
iiclr-17591	1968	20	majority	majority	NOUN
iiclr-17591	1968	21	shareholders	shareholder	NOUN
iiclr-17591	1968	22	and	and	CCONJ
iiclr-17591	1968	23	the	the	DET
iiclr-17591	1968	24	banks	bank	NOUN
iiclr-17591	1968	25	would	would	AUX
iiclr-17591	1968	26	not	not	PART
iiclr-17591	1968	27	have	have	AUX
iiclr-17591	1968	28	included	include	VERB
iiclr-17591	1968	29	any	any	DET
iiclr-17591	1968	30	liability	liability	NOUN
iiclr-17591	1968	31	suit	suit	NOUN
iiclr-17591	1968	32	.	.	PUNCT
iiclr-17591	1969	1	1995	1995	NUM
iiclr-17591	1969	2	]	]	X
iiclr-17591	1969	3	ind	ind	NOUN
iiclr-17591	1969	4	.	.	PUNCT
iiclr-17591	1970	1	int'l	int'l	PROPN
iiclr-17591	1970	2	&	&	CCONJ
iiclr-17591	1970	3	comp	comp	PROPN
iiclr-17591	1970	4	.	.	PUNCT
iiclr-17591	1971	1	l	l	PROPN
iiclr-17591	1971	2	rev	rev	PROPN
iiclr-17591	1971	3	.	.	PROPN
iiclr-17591	1972	1	well	well	ADV
iiclr-17591	1972	2	as	as	ADP
iiclr-17591	1972	3	in	in	ADP
iiclr-17591	1972	4	the	the	DET
iiclr-17591	1972	5	long	long	ADJ
iiclr-17591	1972	6	termnn	termnn	NOUN
iiclr-17591	1972	7	therefore	therefore	ADV
iiclr-17591	1972	8	,	,	PUNCT
iiclr-17591	1972	9	an	an	DET
iiclr-17591	1972	10	analysis	analysis	NOUN
iiclr-17591	1972	11	of	of	ADP
iiclr-17591	1972	12	italian	italian	ADJ
iiclr-17591	1972	13	corporate	corporate	ADJ
iiclr-17591	1972	14	governance	governance	NOUN
iiclr-17591	1972	15	239	239	NUM
iiclr-17591	1972	16	.	.	PUNCT
iiclr-17591	1973	1	recent	recent	ADJ
iiclr-17591	1973	2	studies	study	NOUN
iiclr-17591	1973	3	have	have	AUX
iiclr-17591	1973	4	examined	examine	VERB
iiclr-17591	1973	5	particularly	particularly	ADV
iiclr-17591	1973	6	the	the	DET
iiclr-17591	1973	7	effects	effect	NOUN
iiclr-17591	1973	8	of	of	ADP
iiclr-17591	1973	9	ownership	ownership	NOUN
iiclr-17591	1973	10	structure	structure	NOUN
iiclr-17591	1973	11	and	and	CCONJ
iiclr-17591	1973	12	shareholders	shareholder	NOUN
iiclr-17591	1973	13	'	'	PART
iiclr-17591	1973	14	concentration	concentration	NOUN
iiclr-17591	1973	15	on	on	ADP
iiclr-17591	1973	16	performance	performance	NOUN
iiclr-17591	1973	17	.	.	PUNCT
iiclr-17591	1974	1	none	none	NOUN
iiclr-17591	1974	2	of	of	ADP
iiclr-17591	1974	3	them	they	PRON
iiclr-17591	1974	4	yields	yield	VERB
iiclr-17591	1974	5	results	result	NOUN
iiclr-17591	1974	6	warranting	warrant	VERB
iiclr-17591	1974	7	the	the	DET
iiclr-17591	1974	8	conclusion	conclusion	NOUN
iiclr-17591	1974	9	that	that	SCONJ
iiclr-17591	1974	10	one	one	NUM
iiclr-17591	1974	11	kind	kind	NOUN
iiclr-17591	1974	12	of	of	ADP
iiclr-17591	1974	13	ownership	ownership	NOUN
iiclr-17591	1974	14	structure	structure	NOUN
iiclr-17591	1974	15	is	be	AUX
iiclr-17591	1974	16	absolutely	absolutely	ADV
iiclr-17591	1974	17	better	well	ADJ
iiclr-17591	1974	18	than	than	ADP
iiclr-17591	1974	19	others	other	NOUN
iiclr-17591	1974	20	.	.	PUNCT
iiclr-17591	1975	1	harold	harold	PROPN
iiclr-17591	1975	2	demsetz	demsetz	PROPN
iiclr-17591	1975	3	&	&	CCONJ
iiclr-17591	1975	4	kenneth	kenneth	PROPN
iiclr-17591	1975	5	lehn	lehn	PROPN
iiclr-17591	1975	6	,	,	PUNCT
iiclr-17591	1975	7	the	the	DET
iiclr-17591	1975	8	structure	structure	NOUN
iiclr-17591	1975	9	of	of	ADP
iiclr-17591	1975	10	corporate	corporate	ADJ
iiclr-17591	1975	11	ownership	ownership	NOUN
iiclr-17591	1975	12	:	:	PUNCT
iiclr-17591	1975	13	causes	cause	NOUN
iiclr-17591	1975	14	and	and	CCONJ
iiclr-17591	1975	15	consequences	consequence	NOUN
iiclr-17591	1975	16	,	,	PUNCT
iiclr-17591	1975	17	93	93	NUM
iiclr-17591	1975	18	journal	journal	NOUN
iiclr-17591	1975	19	of	of	ADP
iiclr-17591	1975	20	political	political	ADJ
iiclr-17591	1975	21	economy	economy	NOUN
iiclr-17591	1975	22	1155	1155	NUM
iiclr-17591	1975	23	(	(	PUNCT
iiclr-17591	1975	24	1985	1985	NUM
iiclr-17591	1975	25	)	)	PUNCT
iiclr-17591	1975	26	find	find	VERB
iiclr-17591	1975	27	no	no	DET
iiclr-17591	1975	28	absolute	absolute	ADJ
iiclr-17591	1975	29	correlation	correlation	NOUN
iiclr-17591	1975	30	between	between	ADP
iiclr-17591	1975	31	ownership	ownership	NOUN
iiclr-17591	1975	32	concentration	concentration	NOUN
iiclr-17591	1975	33	and	and	CCONJ
iiclr-17591	1975	34	performance	performance	NOUN
iiclr-17591	1975	35	of	of	ADP
iiclr-17591	1975	36	the	the	DET
iiclr-17591	1975	37	company	company	NOUN
iiclr-17591	1975	38	,	,	PUNCT
iiclr-17591	1975	39	but	but	CCONJ
iiclr-17591	1975	40	find	find	VERB
iiclr-17591	1975	41	some	some	DET
iiclr-17591	1975	42	positive	positive	ADJ
iiclr-17591	1975	43	relationship	relationship	NOUN
iiclr-17591	1975	44	when	when	SCONJ
iiclr-17591	1975	45	the	the	DET
iiclr-17591	1975	46	firm	firm	NOUN
iiclr-17591	1975	47	has	have	VERB
iiclr-17591	1975	48	unstable	unstable	ADJ
iiclr-17591	1975	49	profits	profit	NOUN
iiclr-17591	1975	50	,	,	PUNCT
iiclr-17591	1975	51	as	as	SCONJ
iiclr-17591	1975	52	the	the	DET
iiclr-17591	1975	53	wealth	wealth	NOUN
iiclr-17591	1975	54	gain	gain	VERB
iiclr-17591	1975	55	a	a	DET
iiclr-17591	1975	56	large	large	ADJ
iiclr-17591	1975	57	shareholder	shareholder	NOUN
iiclr-17591	1975	58	can	can	AUX
iiclr-17591	1975	59	achieve	achieve	VERB
iiclr-17591	1975	60	increases	increase	NOUN
iiclr-17591	1975	61	when	when	SCONJ
iiclr-17591	1975	62	managerial	managerial	ADJ
iiclr-17591	1975	63	performance	performance	NOUN
iiclr-17591	1975	64	is	be	AUX
iiclr-17591	1975	65	actively	actively	ADV
iiclr-17591	1975	66	monitored	monitor	VERB
iiclr-17591	1975	67	.	.	PUNCT
iiclr-17591	1976	1	the	the	DET
iiclr-17591	1976	2	findings	finding	NOUN
iiclr-17591	1976	3	of	of	ADP
iiclr-17591	1976	4	morck	morck	PROPN
iiclr-17591	1976	5	et	et	PROPN
iiclr-17591	1976	6	al	al	PROPN
iiclr-17591	1976	7	.	.	PROPN
iiclr-17591	1976	8	,	,	PUNCT
iiclr-17591	1976	9	supra	supra	PROPN
iiclr-17591	1976	10	note	note	PROPN
iiclr-17591	1976	11	222	222	NUM
iiclr-17591	1976	12	,	,	PUNCT
iiclr-17591	1976	13	who	who	PRON
iiclr-17591	1976	14	studied	study	VERB
iiclr-17591	1976	15	a	a	DET
iiclr-17591	1976	16	large	large	ADJ
iiclr-17591	1976	17	sample	sample	NOUN
iiclr-17591	1976	18	of	of	ADP
iiclr-17591	1976	19	fortune	fortune	NOUN
iiclr-17591	1976	20	500	500	NUM
iiclr-17591	1976	21	firms	firm	NOUN
iiclr-17591	1976	22	are	be	AUX
iiclr-17591	1976	23	very	very	ADV
iiclr-17591	1976	24	enticing	enticing	ADJ
iiclr-17591	1976	25	.	.	PUNCT
iiclr-17591	1977	1	the	the	DET
iiclr-17591	1977	2	authors	author	NOUN
iiclr-17591	1977	3	verify	verify	VERB
iiclr-17591	1977	4	the	the	DET
iiclr-17591	1977	5	relative	relative	ADJ
iiclr-17591	1977	6	influence	influence	NOUN
iiclr-17591	1977	7	of	of	ADP
iiclr-17591	1977	8	the	the	DET
iiclr-17591	1977	9	proposition	proposition	NOUN
iiclr-17591	1977	10	by	by	ADP
iiclr-17591	1977	11	jensen	jensen	PROPN
iiclr-17591	1977	12	&	&	CCONJ
iiclr-17591	1977	13	meckling	meckling	PROPN
iiclr-17591	1977	14	,	,	PUNCT
iiclr-17591	1977	15	supra	supra	PROPN
iiclr-17591	1977	16	note	note	PROPN
iiclr-17591	1977	17	229	229	NUM
iiclr-17591	1977	18	,	,	PUNCT
iiclr-17591	1977	19	that	that	DET
iiclr-17591	1977	20	agency	agency	NOUN
iiclr-17591	1977	21	costs	cost	VERB
iiclr-17591	1977	22	increase	increase	VERB
iiclr-17591	1977	23	with	with	ADP
iiclr-17591	1977	24	separation	separation	NOUN
iiclr-17591	1977	25	between	between	ADP
iiclr-17591	1977	26	ownership	ownership	NOUN
iiclr-17591	1977	27	and	and	CCONJ
iiclr-17591	1977	28	control	control	NOUN
iiclr-17591	1977	29	and	and	CCONJ
iiclr-17591	1977	30	the	the	DET
iiclr-17591	1977	31	various	various	ADJ
iiclr-17591	1977	32	theories	theory	NOUN
iiclr-17591	1977	33	according	accord	VERB
iiclr-17591	1977	34	to	to	ADP
iiclr-17591	1977	35	which	which	PRON
iiclr-17591	1977	36	managers	manager	NOUN
iiclr-17591	1977	37	'	'	PART
iiclr-17591	1977	38	control	control	NOUN
iiclr-17591	1977	39	is	be	AUX
iiclr-17591	1977	40	likely	likely	ADJ
iiclr-17591	1977	41	to	to	PART
iiclr-17591	1977	42	reduce	reduce	VERB
iiclr-17591	1977	43	other	other	ADJ
iiclr-17591	1977	44	,	,	PUNCT
iiclr-17591	1977	45	countervailing	countervail	VERB
iiclr-17591	1977	46	incentives	incentive	NOUN
iiclr-17591	1977	47	.	.	PUNCT
iiclr-17591	1978	1	the	the	DET
iiclr-17591	1978	2	authors	author	NOUN
iiclr-17591	1978	3	find	find	VERB
iiclr-17591	1978	4	that	that	SCONJ
iiclr-17591	1978	5	tobin	tobin	NOUN
iiclr-17591	1978	6	's	's	PART
iiclr-17591	1978	7	q	q	X
iiclr-17591	1978	8	(	(	PUNCT
iiclr-17591	1978	9	ratio	ratio	NOUN
iiclr-17591	1978	10	of	of	ADP
iiclr-17591	1978	11	the	the	DET
iiclr-17591	1978	12	firm	firm	NOUN
iiclr-17591	1978	13	's	's	PART
iiclr-17591	1978	14	market	market	NOUN
iiclr-17591	1978	15	value	value	NOUN
iiclr-17591	1978	16	to	to	ADP
iiclr-17591	1978	17	the	the	DET
iiclr-17591	1978	18	replacement	replacement	NOUN
iiclr-17591	1978	19	cost	cost	NOUN
iiclr-17591	1978	20	of	of	ADP
iiclr-17591	1978	21	tangible	tangible	ADJ
iiclr-17591	1978	22	assets	asset	NOUN
iiclr-17591	1978	23	,	,	PUNCT
iiclr-17591	1978	24	chosen	choose	VERB
iiclr-17591	1978	25	as	as	ADP
iiclr-17591	1978	26	a	a	DET
iiclr-17591	1978	27	proxy	proxy	NOUN
iiclr-17591	1978	28	of	of	ADP
iiclr-17591	1978	29	the	the	DET
iiclr-17591	1978	30	firms	firm	NOUN
iiclr-17591	1978	31	'	'	PART
iiclr-17591	1978	32	performance	performance	NOUN
iiclr-17591	1978	33	)	)	PUNCT
iiclr-17591	1978	34	,	,	PUNCT
iiclr-17591	1978	35	increases	increase	VERB
iiclr-17591	1978	36	markedly	markedly	ADV
iiclr-17591	1978	37	between	between	ADP
iiclr-17591	1978	38	0	0	NUM
iiclr-17591	1978	39	%	%	NOUN
iiclr-17591	1978	40	and	and	CCONJ
iiclr-17591	1978	41	5	5	NUM
iiclr-17591	1978	42	%	%	NOUN
iiclr-17591	1978	43	of	of	ADP
iiclr-17591	1978	44	board	board	NOUN
iiclr-17591	1978	45	ownership	ownership	NOUN
iiclr-17591	1978	46	,	,	PUNCT
iiclr-17591	1978	47	then	then	ADV
iiclr-17591	1978	48	decreases	decrease	VERB
iiclr-17591	1978	49	between	between	ADP
iiclr-17591	1978	50	5	5	NUM
iiclr-17591	1978	51	%	%	NOUN
iiclr-17591	1978	52	and	and	CCONJ
iiclr-17591	1978	53	25	25	NUM
iiclr-17591	1978	54	%	%	NOUN
iiclr-17591	1978	55	,	,	PUNCT
iiclr-17591	1978	56	and	and	CCONJ
iiclr-17591	1978	57	finally	finally	ADV
iiclr-17591	1978	58	increases	increase	VERB
iiclr-17591	1978	59	slightly	slightly	ADV
iiclr-17591	1978	60	above	above	ADP
iiclr-17591	1978	61	25	25	NUM
iiclr-17591	1978	62	%	%	NOUN
iiclr-17591	1978	63	.	.	PUNCT
iiclr-17591	1979	1	the	the	DET
iiclr-17591	1979	2	authors	author	NOUN
iiclr-17591	1979	3	'	'	PART
iiclr-17591	1979	4	hypothesis	hypothesis	NOUN
iiclr-17591	1979	5	is	be	AUX
iiclr-17591	1979	6	that	that	SCONJ
iiclr-17591	1979	7	while	while	SCONJ
iiclr-17591	1979	8	agency	agency	NOUN
iiclr-17591	1979	9	costs	cost	NOUN
iiclr-17591	1979	10	decrease	decrease	VERB
iiclr-17591	1979	11	constantly	constantly	ADV
iiclr-17591	1979	12	as	as	ADP
iiclr-17591	1979	13	percentages	percentage	NOUN
iiclr-17591	1979	14	of	of	ADP
iiclr-17591	1979	15	board	board	NOUN
iiclr-17591	1979	16	ownership	ownership	NOUN
iiclr-17591	1979	17	increase	increase	NOUN
iiclr-17591	1979	18	,	,	PUNCT
iiclr-17591	1979	19	managerial	managerial	ADJ
iiclr-17591	1979	20	entrenchment	entrenchment	NOUN
iiclr-17591	1979	21	increases	increase	VERB
iiclr-17591	1979	22	significantly	significantly	ADV
iiclr-17591	1979	23	,	,	PUNCT
iiclr-17591	1979	24	more	more	ADJ
iiclr-17591	1979	25	than	than	ADP
iiclr-17591	1979	26	offsetting	offset	VERB
iiclr-17591	1979	27	the	the	DET
iiclr-17591	1979	28	decrease	decrease	NOUN
iiclr-17591	1979	29	in	in	ADP
iiclr-17591	1979	30	agency	agency	NOUN
iiclr-17591	1979	31	costs	cost	NOUN
iiclr-17591	1979	32	,	,	PUNCT
iiclr-17591	1979	33	between	between	ADP
iiclr-17591	1979	34	5	5	NUM
iiclr-17591	1979	35	%	%	NOUN
iiclr-17591	1979	36	and	and	CCONJ
iiclr-17591	1979	37	25	25	NUM
iiclr-17591	1979	38	%	%	NOUN
iiclr-17591	1979	39	,	,	PUNCT
iiclr-17591	1979	40	a	a	DET
iiclr-17591	1979	41	percentage	percentage	NOUN
iiclr-17591	1979	42	beyond	beyond	ADP
iiclr-17591	1979	43	which	which	PRON
iiclr-17591	1979	44	it	it	PRON
iiclr-17591	1979	45	is	be	AUX
iiclr-17591	1979	46	extremely	extremely	ADV
iiclr-17591	1979	47	difficult	difficult	ADJ
iiclr-17591	1979	48	for	for	SCONJ
iiclr-17591	1979	49	hostile	hostile	ADJ
iiclr-17591	1979	50	takeovers	takeover	NOUN
iiclr-17591	1979	51	to	to	PART
iiclr-17591	1979	52	succeed	succeed	VERB
iiclr-17591	1979	53	.	.	PUNCT
iiclr-17591	1980	1	this	this	DET
iiclr-17591	1980	2	data	datum	NOUN
iiclr-17591	1980	3	seems	seem	VERB
iiclr-17591	1980	4	to	to	PART
iiclr-17591	1980	5	warrant	warrant	VERB
iiclr-17591	1980	6	the	the	DET
iiclr-17591	1980	7	conclusion	conclusion	NOUN
iiclr-17591	1980	8	that	that	SCONJ
iiclr-17591	1980	9	some	some	DET
iiclr-17591	1980	10	board	board	NOUN
iiclr-17591	1980	11	ownership	ownership	NOUN
iiclr-17591	1980	12	is	be	AUX
iiclr-17591	1980	13	good	good	ADJ
iiclr-17591	1980	14	,	,	PUNCT
iiclr-17591	1980	15	but	but	CCONJ
iiclr-17591	1980	16	that	that	SCONJ
iiclr-17591	1980	17	too	too	ADV
iiclr-17591	1980	18	much	much	ADV
iiclr-17591	1980	19	is	be	AUX
iiclr-17591	1980	20	bad	bad	ADJ
iiclr-17591	1980	21	.	.	PUNCT
iiclr-17591	1981	1	the	the	DET
iiclr-17591	1981	2	authors	author	NOUN
iiclr-17591	1981	3	offer	offer	VERB
iiclr-17591	1981	4	some	some	DET
iiclr-17591	1981	5	alternative	alternative	ADJ
iiclr-17591	1981	6	explanations	explanation	NOUN
iiclr-17591	1981	7	for	for	ADP
iiclr-17591	1981	8	the	the	DET
iiclr-17591	1981	9	results	result	NOUN
iiclr-17591	1981	10	of	of	ADP
iiclr-17591	1981	11	the	the	DET
iiclr-17591	1981	12	experiment	experiment	NOUN
iiclr-17591	1981	13	(	(	PUNCT
iiclr-17591	1981	14	i	i	PRON
iiclr-17591	1981	15	d.	d.	PROPN
iiclr-17591	1981	16	at	at	ADP
iiclr-17591	1981	17	312	312	NUM
iiclr-17591	1981	18	,	,	PUNCT
iiclr-17591	1981	19	increase	increase	VERB
iiclr-17591	1981	20	in	in	ADP
iiclr-17591	1981	21	managerial	managerial	ADJ
iiclr-17591	1981	22	ownership	ownership	NOUN
iiclr-17591	1981	23	,	,	PUNCT
iiclr-17591	1981	24	rather	rather	ADV
iiclr-17591	1981	25	than	than	ADP
iiclr-17591	1981	26	being	be	AUX
iiclr-17591	1981	27	the	the	DET
iiclr-17591	1981	28	cause	cause	NOUN
iiclr-17591	1981	29	of	of	ADP
iiclr-17591	1981	30	the	the	DET
iiclr-17591	1981	31	increase	increase	NOUN
iiclr-17591	1981	32	in	in	ADP
iiclr-17591	1981	33	tobin	tobin	PROPN
iiclr-17591	1981	34	's	's	PART
iiclr-17591	1981	35	q	q	NOUN
iiclr-17591	1981	36	between	between	ADP
iiclr-17591	1981	37	0	0	NUM
iiclr-17591	1981	38	%	%	NOUN
iiclr-17591	1981	39	and	and	CCONJ
iiclr-17591	1981	40	5	5	NUM
iiclr-17591	1981	41	%	%	NOUN
iiclr-17591	1981	42	,	,	PUNCT
iiclr-17591	1981	43	is	be	AUX
iiclr-17591	1981	44	its	its	PRON
iiclr-17591	1981	45	effect	effect	NOUN
iiclr-17591	1981	46	,	,	PUNCT
iiclr-17591	1981	47	induced	induce	VERB
iiclr-17591	1981	48	by	by	ADP
iiclr-17591	1981	49	the	the	DET
iiclr-17591	1981	50	exercise	exercise	NOUN
iiclr-17591	1981	51	of	of	ADP
iiclr-17591	1981	52	stock	stock	NOUN
iiclr-17591	1981	53	options	option	NOUN
iiclr-17591	1981	54	by	by	ADP
iiclr-17591	1981	55	managers	manager	NOUN
iiclr-17591	1981	56	of	of	ADP
iiclr-17591	1981	57	successful	successful	ADJ
iiclr-17591	1981	58	firms	firm	NOUN
iiclr-17591	1981	59	)	)	PUNCT
iiclr-17591	1981	60	and	and	CCONJ
iiclr-17591	1981	61	offer	offer	VERB
iiclr-17591	1981	62	different	different	ADJ
iiclr-17591	1981	63	criteria	criterion	NOUN
iiclr-17591	1981	64	to	to	PART
iiclr-17591	1981	65	evaluate	evaluate	VERB
iiclr-17591	1981	66	what	what	PRON
iiclr-17591	1981	67	good	good	ADJ
iiclr-17591	1981	68	performance	performance	NOUN
iiclr-17591	1981	69	is	be	AUX
iiclr-17591	1981	70	(	(	PUNCT
iiclr-17591	1981	71	i	i	PRON
iiclr-17591	1981	72	d.	d.	PROPN
iiclr-17591	1981	73	at	at	ADP
iiclr-17591	1981	74	312	312	NUM
iiclr-17591	1981	75	-	-	SYM
iiclr-17591	1981	76	13	13	NUM
iiclr-17591	1981	77	,	,	PUNCT
iiclr-17591	1981	78	non	non	ADJ
iiclr-17591	1981	79	value	value	NOUN
iiclr-17591	1981	80	-	-	PUNCT
iiclr-17591	1981	81	maximizing	maximize	VERB
iiclr-17591	1981	82	behavior	behavior	NOUN
iiclr-17591	1981	83	can	can	AUX
iiclr-17591	1981	84	be	be	AUX
iiclr-17591	1981	85	efficient	efficient	ADJ
iiclr-17591	1981	86	for	for	ADP
iiclr-17591	1981	87	managers	manager	NOUN
iiclr-17591	1981	88	who	who	PRON
iiclr-17591	1981	89	have	have	VERB
iiclr-17591	1981	90	control	control	NOUN
iiclr-17591	1981	91	)	)	PUNCT
iiclr-17591	1981	92	.	.	PUNCT
iiclr-17591	1982	1	nevertheless	nevertheless	ADV
iiclr-17591	1982	2	,	,	PUNCT
iiclr-17591	1982	3	this	this	DET
iiclr-17591	1982	4	study	study	NOUN
iiclr-17591	1982	5	appears	appear	VERB
iiclr-17591	1982	6	a	a	DET
iiclr-17591	1982	7	sophisticated	sophisticated	ADJ
iiclr-17591	1982	8	statistical	statistical	ADJ
iiclr-17591	1982	9	application	application	NOUN
iiclr-17591	1982	10	on	on	ADP
iiclr-17591	1982	11	an	an	DET
iiclr-17591	1982	12	ill	ill	ADV
iiclr-17591	1982	13	-	-	PUNCT
iiclr-17591	1982	14	chosen	choose	VERB
iiclr-17591	1982	15	sample	sample	NOUN
iiclr-17591	1982	16	.	.	PUNCT
iiclr-17591	1983	1	it	it	PRON
iiclr-17591	1983	2	does	do	AUX
iiclr-17591	1983	3	not	not	PART
iiclr-17591	1983	4	seem	seem	VERB
iiclr-17591	1983	5	wise	wise	ADJ
iiclr-17591	1983	6	to	to	PART
iiclr-17591	1983	7	choose	choose	VERB
iiclr-17591	1983	8	fortune	fortune	NOUN
iiclr-17591	1983	9	500	500	NUM
iiclr-17591	1983	10	firms	firm	NOUN
iiclr-17591	1983	11	to	to	PART
iiclr-17591	1983	12	study	study	VERB
iiclr-17591	1983	13	board	board	NOUN
iiclr-17591	1983	14	ownership	ownership	NOUN
iiclr-17591	1983	15	,	,	PUNCT
iiclr-17591	1983	16	i.e.	i.e.	X
iiclr-17591	1983	17	,	,	PUNCT
iiclr-17591	1983	18	to	to	PART
iiclr-17591	1983	19	choose	choose	VERB
iiclr-17591	1983	20	huge	huge	ADJ
iiclr-17591	1983	21	,	,	PUNCT
iiclr-17591	1983	22	manufacturing	manufacturing	NOUN
iiclr-17591	1983	23	firms	firm	NOUN
iiclr-17591	1983	24	to	to	PART
iiclr-17591	1983	25	assess	assess	VERB
iiclr-17591	1983	26	ownership	ownership	NOUN
iiclr-17591	1983	27	by	by	ADP
iiclr-17591	1983	28	relatively	relatively	ADV
iiclr-17591	1983	29	few	few	ADJ
iiclr-17591	1983	30	individuals	individual	NOUN
iiclr-17591	1983	31	or	or	CCONJ
iiclr-17591	1983	32	entities	entity	NOUN
iiclr-17591	1983	33	:	:	PUNCT
iiclr-17591	1983	34	increasing	increase	VERB
iiclr-17591	1983	35	the	the	DET
iiclr-17591	1983	36	cost	cost	NOUN
iiclr-17591	1983	37	of	of	ADP
iiclr-17591	1983	38	control	control	NOUN
iiclr-17591	1983	39	,	,	PUNCT
iiclr-17591	1983	40	large	large	ADJ
iiclr-17591	1983	41	firm	firm	ADJ
iiclr-17591	1983	42	size	size	NOUN
iiclr-17591	1983	43	is	be	AUX
iiclr-17591	1983	44	not	not	PART
iiclr-17591	1983	45	a	a	DET
iiclr-17591	1983	46	neutral	neutral	ADJ
iiclr-17591	1983	47	factor	factor	NOUN
iiclr-17591	1983	48	in	in	ADP
iiclr-17591	1983	49	analyzing	analyze	VERB
iiclr-17591	1983	50	concentrated	concentrated	ADJ
iiclr-17591	1983	51	ownership	ownership	NOUN
iiclr-17591	1983	52	.	.	PUNCT
iiclr-17591	1984	1	therefore	therefore	ADV
iiclr-17591	1984	2	,	,	PUNCT
iiclr-17591	1984	3	giant	giant	ADJ
iiclr-17591	1984	4	corporations	corporation	NOUN
iiclr-17591	1984	5	do	do	AUX
iiclr-17591	1984	6	not	not	PART
iiclr-17591	1984	7	seem	seem	VERB
iiclr-17591	1984	8	to	to	ADP
iiclr-17591	1984	9	me	i	PRON
iiclr-17591	1984	10	the	the	DET
iiclr-17591	1984	11	right	right	ADJ
iiclr-17591	1984	12	starting	starting	NOUN
iiclr-17591	1984	13	point	point	NOUN
iiclr-17591	1984	14	to	to	PART
iiclr-17591	1984	15	study	study	VERB
iiclr-17591	1984	16	the	the	DET
iiclr-17591	1984	17	effect	effect	NOUN
iiclr-17591	1984	18	of	of	ADP
iiclr-17591	1984	19	board	board	NOUN
iiclr-17591	1984	20	ownership	ownership	NOUN
iiclr-17591	1984	21	on	on	ADP
iiclr-17591	1984	22	performance	performance	NOUN
iiclr-17591	1984	23	.	.	PUNCT
iiclr-17591	1985	1	(	(	PUNCT
iiclr-17591	1985	2	it	it	PRON
iiclr-17591	1985	3	is	be	AUX
iiclr-17591	1985	4	true	true	ADJ
iiclr-17591	1985	5	that	that	SCONJ
iiclr-17591	1985	6	there	there	PRON
iiclr-17591	1985	7	am	be	AUX
iiclr-17591	1985	8	a	a	DET
iiclr-17591	1985	9	few	few	ADJ
iiclr-17591	1985	10	majority	majority	NOUN
iiclr-17591	1985	11	-	-	PUNCT
iiclr-17591	1985	12	owned	own	VERB
iiclr-17591	1985	13	firms	firm	NOUN
iiclr-17591	1985	14	even	even	ADV
iiclr-17591	1985	15	among	among	ADP
iiclr-17591	1985	16	fortune	fortune	NOUN
iiclr-17591	1985	17	500	500	NUM
iiclr-17591	1985	18	firms	firm	NOUN
iiclr-17591	1985	19	,	,	PUNCT
iiclr-17591	1985	20	but	but	CCONJ
iiclr-17591	1985	21	it	it	PRON
iiclr-17591	1985	22	is	be	AUX
iiclr-17591	1985	23	likely	likely	ADJ
iiclr-17591	1985	24	that	that	SCONJ
iiclr-17591	1985	25	they	they	PRON
iiclr-17591	1985	26	are	be	AUX
iiclr-17591	1985	27	exceptions	exception	NOUN
iiclr-17591	1985	28	,	,	PUNCT
iiclr-17591	1985	29	and	and	CCONJ
iiclr-17591	1985	30	it	it	PRON
iiclr-17591	1985	31	is	be	AUX
iiclr-17591	1985	32	at	at	ADP
iiclr-17591	1985	33	least	least	ADJ
iiclr-17591	1985	34	arguable	arguable	ADJ
iiclr-17591	1985	35	that	that	SCONJ
iiclr-17591	1985	36	their	their	PRON
iiclr-17591	1985	37	control	control	NOUN
iiclr-17591	1985	38	has	have	AUX
iiclr-17591	1985	39	been	be	AUX
iiclr-17591	1985	40	retained	retain	VERB
iiclr-17591	1985	41	because	because	SCONJ
iiclr-17591	1985	42	of	of	ADP
iiclr-17591	1985	43	some	some	DET
iiclr-17591	1985	44	underperformance	underperformance	NOUN
iiclr-17591	1985	45	.	.	PUNCT
iiclr-17591	1985	46	)	)	PUNCT
iiclr-17591	1986	1	the	the	DET
iiclr-17591	1986	2	problem	problem	NOUN
iiclr-17591	1986	3	of	of	ADP
iiclr-17591	1986	4	perspective	perspective	NOUN
iiclr-17591	1986	5	casting	cast	VERB
iiclr-17591	1986	6	doubts	doubt	NOUN
iiclr-17591	1986	7	on	on	ADP
iiclr-17591	1986	8	the	the	DET
iiclr-17591	1986	9	full	full	ADJ
iiclr-17591	1986	10	acceptability	acceptability	NOUN
iiclr-17591	1986	11	of	of	ADP
iiclr-17591	1986	12	the	the	DET
iiclr-17591	1986	13	study	study	NOUN
iiclr-17591	1986	14	emerges	emerge	VERB
iiclr-17591	1986	15	from	from	ADP
iiclr-17591	1986	16	the	the	DET
iiclr-17591	1986	17	statement	statement	NOUN
iiclr-17591	1986	18	quoted	quote	VERB
iiclr-17591	1986	19	supra	supra	PROPN
iiclr-17591	1986	20	note	note	PROPN
iiclr-17591	1986	21	229	229	NUM
iiclr-17591	1986	22	.	.	PUNCT
iiclr-17591	1987	1	a	a	DET
iiclr-17591	1987	2	possible	possible	ADJ
iiclr-17591	1987	3	alternative	alternative	ADJ
iiclr-17591	1987	4	explanation	explanation	NOUN
iiclr-17591	1987	5	of	of	ADP
iiclr-17591	1987	6	the	the	DET
iiclr-17591	1987	7	results	result	NOUN
iiclr-17591	1987	8	reached	reach	VERB
iiclr-17591	1987	9	in	in	ADP
iiclr-17591	1987	10	morck	morck	PROPN
iiclr-17591	1987	11	et	et	PROPN
iiclr-17591	1987	12	al	al	PROPN
iiclr-17591	1987	13	.	.	PROPN
iiclr-17591	1987	14	,	,	PUNCT
iiclr-17591	1987	15	supra	supra	PROPN
iiclr-17591	1987	16	,	,	PUNCT
iiclr-17591	1987	17	is	be	AUX
iiclr-17591	1987	18	offered	offer	VERB
iiclr-17591	1987	19	in	in	ADP
iiclr-17591	1987	20	clifford	clifford	PROPN
iiclr-17591	1987	21	g.	g.	PROPN
iiclr-17591	1987	22	holderness	holderness	PROPN
iiclr-17591	1987	23	&	&	CCONJ
iiclr-17591	1987	24	dennis	dennis	PROPN
iiclr-17591	1987	25	p.	p.	PROPN
iiclr-17591	1987	26	sheehan	sheehan	PROPN
iiclr-17591	1987	27	,	,	PUNCT
iiclr-17591	1987	28	the	the	DET
iiclr-17591	1987	29	role	role	NOUN
iiclr-17591	1987	30	of	of	ADP
iiclr-17591	1987	31	majority	majority	NOUN
iiclr-17591	1987	32	shareholders	shareholder	NOUN
iiclr-17591	1987	33	in	in	ADP
iiclr-17591	1987	34	publicly	publicly	ADV
iiclr-17591	1987	35	held	hold	VERB
iiclr-17591	1987	36	corporations.an	corporations.an	NUM
iiclr-17591	1987	37	eqloratory	eqloratory	ADJ
iiclr-17591	1987	38	analysis	analysis	NOUN
iiclr-17591	1987	39	,	,	PUNCT
iiclr-17591	1987	40	20	20	NUM
iiclr-17591	1987	41	journal	journal	NOUN
iiclr-17591	1987	42	of	of	ADP
iiclr-17591	1987	43	financial	financial	ADJ
iiclr-17591	1987	44	economics	economic	NOUN
iiclr-17591	1987	45	317	317	NUM
iiclr-17591	1987	46	(	(	PUNCT
iiclr-17591	1987	47	1988	1988	NUM
iiclr-17591	1987	48	)	)	PUNCT
iiclr-17591	1987	49	.	.	PUNCT
iiclr-17591	1988	1	this	this	DET
iiclr-17591	1988	2	study	study	NOUN
iiclr-17591	1988	3	is	be	AUX
iiclr-17591	1988	4	particularly	particularly	ADV
iiclr-17591	1988	5	interesting	interesting	ADJ
iiclr-17591	1988	6	,	,	PUNCT
iiclr-17591	1988	7	as	as	SCONJ
iiclr-17591	1988	8	its	its	PRON
iiclr-17591	1988	9	sample	sample	NOUN
iiclr-17591	1988	10	consists	consist	VERB
iiclr-17591	1988	11	of	of	ADP
iiclr-17591	1988	12	a	a	DET
iiclr-17591	1988	13	large	large	ADJ
iiclr-17591	1988	14	number	number	NOUN
iiclr-17591	1988	15	of	of	ADP
iiclr-17591	1988	16	majority	majority	NOUN
iiclr-17591	1988	17	-	-	PUNCT
iiclr-17591	1988	18	owned	own	VERB
iiclr-17591	1988	19	firms	firm	NOUN
iiclr-17591	1988	20	,	,	PUNCT
iiclr-17591	1988	21	whose	whose	DET
iiclr-17591	1988	22	performance	performance	NOUN
iiclr-17591	1988	23	and	and	CCONJ
iiclr-17591	1988	24	other	other	ADJ
iiclr-17591	1988	25	characteristics	characteristic	NOUN
iiclr-17591	1988	26	are	be	AUX
iiclr-17591	1988	27	measured	measure	VERB
iiclr-17591	1988	28	against	against	ADP
iiclr-17591	1988	29	those	those	PRON
iiclr-17591	1988	30	of	of	ADP
iiclr-17591	1988	31	a	a	DET
iiclr-17591	1988	32	random	random	ADJ
iiclr-17591	1988	33	sample	sample	NOUN
iiclr-17591	1988	34	of	of	ADP
iiclr-17591	1988	35	comparable	comparable	ADJ
iiclr-17591	1988	36	firms	firm	NOUN
iiclr-17591	1988	37	.	.	PUNCT
iiclr-17591	1989	1	the	the	DET
iiclr-17591	1989	2	authors	author	NOUN
iiclr-17591	1989	3	suggest	suggest	VERB
iiclr-17591	1989	4	that	that	SCONJ
iiclr-17591	1989	5	tobin	tobin	PROPN
iiclr-17591	1989	6	's	's	PART
iiclr-17591	1989	7	q	q	NOUN
iiclr-17591	1989	8	may	may	AUX
iiclr-17591	1989	9	not	not	PART
iiclr-17591	1989	10	be	be	AUX
iiclr-17591	1989	11	the	the	DET
iiclr-17591	1989	12	right	right	ADJ
iiclr-17591	1989	13	proxy	proxy	NOUN
iiclr-17591	1989	14	to	to	PART
iiclr-17591	1989	15	assess	assess	VERB
iiclr-17591	1989	16	the	the	DET
iiclr-17591	1989	17	performance	performance	NOUN
iiclr-17591	1989	18	of	of	ADP
iiclr-17591	1989	19	majority	majority	NOUN
iiclr-17591	1989	20	-	-	PUNCT
iiclr-17591	1989	21	owned	own	VERB
iiclr-17591	1989	22	firms	firm	NOUN
iiclr-17591	1989	23	as	as	SCONJ
iiclr-17591	1989	24	it	it	PRON
iiclr-17591	1989	25	does	do	AUX
iiclr-17591	1989	26	not	not	PART
iiclr-17591	1989	27	fully	fully	ADV
iiclr-17591	1989	28	incorporate	incorporate	VERB
iiclr-17591	1989	29	any	any	DET
iiclr-17591	1989	30	premium	premium	NOUN
iiclr-17591	1989	31	associated	associate	VERB
iiclr-17591	1989	32	with	with	ADP
iiclr-17591	1989	33	transfer	transfer	NOUN
iiclr-17591	1989	34	of	of	ADP
iiclr-17591	1989	35	control	control	NOUN
iiclr-17591	1989	36	,	,	PUNCT
iiclr-17591	1989	37	which	which	PRON
iiclr-17591	1989	38	for	for	ADP
iiclr-17591	1989	39	majority	majority	NOUN
iiclr-17591	1989	40	-	-	PUNCT
iiclr-17591	1989	41	owned	own	VERB
iiclr-17591	1989	42	firms	firm	NOUN
iiclr-17591	1989	43	,	,	PUNCT
iiclr-17591	1989	44	although	although	SCONJ
iiclr-17591	1989	45	higher	high	ADJ
iiclr-17591	1989	46	than	than	ADP
iiclr-17591	1989	47	zero	zero	NUM
iiclr-17591	1989	48	,	,	PUNCT
iiclr-17591	1989	49	lend	lend	VERB
iiclr-17591	1989	50	to	to	PART
iiclr-17591	1989	51	be	be	AUX
iiclr-17591	1989	52	lower	low	ADJ
iiclr-17591	1989	53	than	than	ADP
iiclr-17591	1989	54	for	for	ADP
iiclr-17591	1989	55	diffusely	diffusely	ADV
iiclr-17591	1989	56	held	hold	VERB
iiclr-17591	1989	57	firms	firm	NOUN
iiclr-17591	1989	58	(	(	PUNCT
iiclr-17591	1989	59	i	i	PRON
iiclr-17591	1989	60	d.	d.	PROPN
iiclr-17591	1989	61	at	at	ADP
iiclr-17591	1989	62	327	327	NUM
iiclr-17591	1989	63	-	-	SYM
iiclr-17591	1989	64	33	33	NUM
iiclr-17591	1989	65	,	,	PUNCT
iiclr-17591	1989	66	342	342	NUM
iiclr-17591	1989	67	)	)	PUNCT
iiclr-17591	1989	68	.	.	PUNCT
iiclr-17591	1990	1	in	in	ADP
iiclr-17591	1990	2	other	other	ADJ
iiclr-17591	1990	3	words	word	NOUN
iiclr-17591	1990	4	,	,	PUNCT
iiclr-17591	1990	5	stock	stock	NOUN
iiclr-17591	1990	6	price	price	NOUN
iiclr-17591	1990	7	in	in	ADP
iiclr-17591	1990	8	majority	majority	NOUN
iiclr-17591	1990	9	owned	own	VERB
iiclr-17591	1990	10	firms	firm	NOUN
iiclr-17591	1990	11	does	do	AUX
iiclr-17591	1990	12	not	not	PART
iiclr-17591	1990	13	reflect	reflect	VERB
iiclr-17591	1990	14	,	,	PUNCT
iiclr-17591	1990	15	or	or	CCONJ
iiclr-17591	1990	16	reflects	reflect	VERB
iiclr-17591	1990	17	in	in	ADP
iiclr-17591	1990	18	a	a	DET
iiclr-17591	1990	19	lower	low	ADJ
iiclr-17591	1990	20	measure	measure	NOUN
iiclr-17591	1990	21	,	,	PUNCT
iiclr-17591	1990	22	the	the	DET
iiclr-17591	1990	23	premium	premium	NOUN
iiclr-17591	1990	24	shareholders	shareholder	NOUN
iiclr-17591	1990	25	usually	usually	ADV
iiclr-17591	1990	26	get	get	VERB
iiclr-17591	1990	27	when	when	SCONJ
iiclr-17591	1990	28	control	control	NOUN
iiclr-17591	1990	29	is	be	AUX
iiclr-17591	1990	30	transferred	transfer	VERB
iiclr-17591	1990	31	in	in	ADP
iiclr-17591	1990	32	a	a	DET
iiclr-17591	1990	33	friendly	friendly	ADJ
iiclr-17591	1990	34	or	or	CCONJ
iiclr-17591	1990	35	hostile	hostile	ADJ
iiclr-17591	1990	36	takeover	takeover	NOUN
iiclr-17591	1990	37	.	.	PUNCT
iiclr-17591	1991	1	(	(	PUNCT
iiclr-17591	1991	2	this	this	PRON
iiclr-17591	1991	3	may	may	AUX
iiclr-17591	1991	4	suggest	suggest	VERB
iiclr-17591	1991	5	that	that	SCONJ
iiclr-17591	1991	6	the	the	DET
iiclr-17591	1991	7	"	"	PUNCT
iiclr-17591	1991	8	shotgun	shotgun	NOUN
iiclr-17591	1991	9	wedding	wedding	NOUN
iiclr-17591	1991	10	"	"	PUNCT
iiclr-17591	1991	11	forced	force	VERB
iiclr-17591	1991	12	by	by	ADP
iiclr-17591	1991	13	the	the	DET
iiclr-17591	1991	14	italian	italian	ADJ
iiclr-17591	1991	15	law	law	NOUN
iiclr-17591	1991	16	on	on	ADP
iiclr-17591	1991	17	tender	tender	NOUN
iiclr-17591	1991	18	offers	offer	NOUN
iiclr-17591	1991	19	examined	examine	VERB
iiclr-17591	1991	20	supra	supra	ADJ
iiclr-17591	1991	21	note	note	NOUN
iiclr-17591	1991	22	214	214	NUM
iiclr-17591	1991	23	and	and	CCONJ
iiclr-17591	1991	24	accompanying	accompany	VERB
iiclr-17591	1991	25	text	text	NOUN
iiclr-17591	1991	26	,	,	PUNCT
iiclr-17591	1991	27	and	and	CCONJ
iiclr-17591	1991	28	even	even	ADV
iiclr-17591	1991	29	more	more	ADV
iiclr-17591	1991	30	the	the	DET
iiclr-17591	1991	31	british	british	ADJ
iiclr-17591	1991	32	mandatory	mandatory	ADJ
iiclr-17591	1991	33	100	100	NUM
iiclr-17591	1991	34	%	%	NOUN
iiclr-17591	1991	35	tender	tender	NOUN
iiclr-17591	1991	36	offer	offer	NOUN
iiclr-17591	1991	37	in	in	ADP
iiclr-17591	1991	38	connection	connection	NOUN
iiclr-17591	1991	39	with	with	ADP
iiclr-17591	1991	40	transfers	transfer	NOUN
iiclr-17591	1991	41	of	of	ADP
iiclr-17591	1991	42	control	control	NOUN
iiclr-17591	1991	43	,	,	PUNCT
iiclr-17591	1991	44	spreading	spread	VERB
iiclr-17591	1991	45	over	over	ADP
iiclr-17591	1991	46	all	all	DET
iiclr-17591	1991	47	outstanding	outstanding	ADJ
iiclr-17591	1991	48	stock	stock	NOUN
iiclr-17591	1991	49	the	the	DET
iiclr-17591	1991	50	control	control	NOUN
iiclr-17591	1991	51	premium	premium	NOUN
iiclr-17591	1991	52	,	,	PUNCT
iiclr-17591	1991	53	could	could	AUX
iiclr-17591	1991	54	induce	induce	VERB
iiclr-17591	1991	55	a	a	DET
iiclr-17591	1991	56	better	well	ADJ
iiclr-17591	1991	57	sample	sample	NOUN
iiclr-17591	1991	58	162	162	NUM
iiclr-17591	1991	59	.	.	PUNCT
iiclr-17591	1992	1	[	[	X
iiclr-17591	1992	2	vol	vol	NOUN
iiclr-17591	1992	3	.	.	PUNCT
iiclr-17591	1993	1	6:1i	6:1i	NUM
iiclr-17591	1993	2	corporate	corporate	ADJ
iiclr-17591	1993	3	governance	governance	NOUN
iiclr-17591	1993	4	in	in	ADP
iiclr-17591	1993	5	italy	italy	PROPN
iiclr-17591	1993	6	based	base	VERB
iiclr-17591	1993	7	only	only	ADV
iiclr-17591	1993	8	on	on	ADP
iiclr-17591	1993	9	shareholders	shareholder	NOUN
iiclr-17591	1993	10	'	'	PART
iiclr-17591	1993	11	entrenchment	entrenchment	NOUN
iiclr-17591	1993	12	and	and	CCONJ
iiclr-17591	1993	13	on	on	ADP
iiclr-17591	1993	14	the	the	DET
iiclr-17591	1993	15	virtually	virtually	ADV
iiclr-17591	1993	16	non	non	ADJ
iiclr-17591	1993	17	-	-	ADJ
iiclr-17591	1993	18	existent	existent	ADJ
iiclr-17591	1993	19	possibility	possibility	NOUN
iiclr-17591	1993	20	of	of	ADP
iiclr-17591	1993	21	hostile	hostile	ADJ
iiclr-17591	1993	22	takeovers	takeover	NOUN
iiclr-17591	1993	23	would	would	AUX
iiclr-17591	1993	24	be	be	AUX
iiclr-17591	1993	25	one	one	NUM
iiclr-17591	1993	26	-	-	PUNCT
iiclr-17591	1993	27	sided	sided	ADJ
iiclr-17591	1993	28	and	and	CCONJ
iiclr-17591	1993	29	a	a	DET
iiclr-17591	1993	30	little	little	ADJ
iiclr-17591	1994	1	na've,2	na've,2	NOUN
iiclr-17591	1994	2	'	'	PUNCT
iiclr-17591	1994	3	as	as	SCONJ
iiclr-17591	1994	4	would	would	AUX
iiclr-17591	1994	5	be	be	AUX
iiclr-17591	1994	6	a	a	DET
iiclr-17591	1994	7	mere	mere	ADJ
iiclr-17591	1994	8	apology	apology	NOUN
iiclr-17591	1994	9	for	for	ADP
iiclr-17591	1994	10	the	the	DET
iiclr-17591	1994	11	strength	strength	NOUN
iiclr-17591	1994	12	of	of	ADP
iiclr-17591	1994	13	small	small	ADJ
iiclr-17591	1994	14	-	-	PUNCT
iiclr-17591	1994	15	medium	medium	NOUN
iiclr-17591	1994	16	italian	italian	ADJ
iiclr-17591	1994	17	firms	firm	NOUN
iiclr-17591	1994	18	.	.	PUNCT
iiclr-17591	1995	1	241	241	NUM
iiclr-17591	1995	2	possibilities	possibility	NOUN
iiclr-17591	1995	3	for	for	ADP
iiclr-17591	1995	4	opportunistic	opportunistic	ADJ
iiclr-17591	1995	5	behavior	behavior	NOUN
iiclr-17591	1995	6	by	by	ADP
iiclr-17591	1995	7	the	the	DET
iiclr-17591	1995	8	majority	majority	NOUN
iiclr-17591	1995	9	,	,	PUNCT
iiclr-17591	1995	10	however	however	ADV
iiclr-17591	1995	11	,	,	PUNCT
iiclr-17591	1995	12	remain	remain	VERB
iiclr-17591	1995	13	.	.	PUNCT
iiclr-17591	1996	1	moreover	moreover	ADV
iiclr-17591	1996	2	,	,	PUNCT
iiclr-17591	1996	3	important	important	ADJ
iiclr-17591	1996	4	changes	change	NOUN
iiclr-17591	1996	5	are	be	AUX
iiclr-17591	1996	6	to	to	PART
iiclr-17591	1996	7	be	be	AUX
iiclr-17591	1996	8	expected	expect	VERB
iiclr-17591	1996	9	,	,	PUNCT
iiclr-17591	1996	10	changes	change	NOUN
iiclr-17591	1996	11	that	that	PRON
iiclr-17591	1996	12	may	may	AUX
iiclr-17591	1996	13	render	render	VERB
iiclr-17591	1996	14	the	the	DET
iiclr-17591	1996	15	now	now	ADV
iiclr-17591	1996	16	existent	existent	ADJ
iiclr-17591	1996	17	legal	legal	ADJ
iiclr-17591	1996	18	framework	framework	NOUN
iiclr-17591	1996	19	dramatically	dramatically	ADV
iiclr-17591	1996	20	inadequate	inadequate	VERB
iiclr-17591	1996	21	.	.	PUNCT
iiclr-17591	1997	1	the	the	DET
iiclr-17591	1997	2	thrust	thrust	NOUN
iiclr-17591	1997	3	provided	provide	VERB
iiclr-17591	1997	4	by	by	ADP
iiclr-17591	1997	5	the	the	DET
iiclr-17591	1997	6	majority	majority	NOUN
iiclr-17591	1997	7	stake	stake	NOUN
iiclr-17591	1997	8	,	,	PUNCT
iiclr-17591	1997	9	on	on	ADP
iiclr-17591	1997	10	which	which	PRON
iiclr-17591	1997	11	italian	italian	ADJ
iiclr-17591	1997	12	capitalism	capitalism	NOUN
iiclr-17591	1997	13	has	have	AUX
iiclr-17591	1997	14	relied	rely	VERB
iiclr-17591	1997	15	so	so	ADV
iiclr-17591	1997	16	far	far	ADV
iiclr-17591	1997	17	,	,	PUNCT
iiclr-17591	1997	18	could	could	AUX
iiclr-17591	1997	19	not	not	PART
iiclr-17591	1997	20	be	be	AUX
iiclr-17591	1997	21	sufficient	sufficient	ADJ
iiclr-17591	1997	22	anymore	anymore	ADV
iiclr-17591	1997	23	to	to	PART
iiclr-17591	1997	24	fully	fully	ADV
iiclr-17591	1997	25	support	support	VERB
iiclr-17591	1997	26	the	the	DET
iiclr-17591	1997	27	further	further	ADJ
iiclr-17591	1997	28	development	development	NOUN
iiclr-17591	1997	29	of	of	ADP
iiclr-17591	1997	30	the	the	DET
iiclr-17591	1997	31	economic	economic	ADJ
iiclr-17591	1997	32	system	system	NOUN
iiclr-17591	1997	33	.	.	PUNCT
iiclr-17591	1998	1	part	part	NOUN
iiclr-17591	1998	2	v	v	NOUN
iiclr-17591	1998	3	,	,	PUNCT
iiclr-17591	1998	4	by	by	ADP
iiclr-17591	1998	5	proposing	propose	VERB
iiclr-17591	1998	6	the	the	DET
iiclr-17591	1998	7	introduction	introduction	NOUN
iiclr-17591	1998	8	of	of	ADP
iiclr-17591	1998	9	minority	minority	NOUN
iiclr-17591	1998	10	shareholders	shareholder	NOUN
iiclr-17591	1998	11	'	'	PART
iiclr-17591	1998	12	suits	suit	NOUN
iiclr-17591	1998	13	against	against	ADP
iiclr-17591	1998	14	directors	director	NOUN
iiclr-17591	1998	15	for	for	ADP
iiclr-17591	1998	16	acts	act	NOUN
iiclr-17591	1998	17	in	in	ADP
iiclr-17591	1998	18	conflict	conflict	NOUN
iiclr-17591	1998	19	of	of	ADP
iiclr-17591	1998	20	interest	interest	NOUN
iiclr-17591	1998	21	,	,	PUNCT
iiclr-17591	1998	22	will	will	AUX
iiclr-17591	1998	23	try	try	VERB
iiclr-17591	1998	24	to	to	PART
iiclr-17591	1998	25	offer	offer	VERB
iiclr-17591	1998	26	a	a	DET
iiclr-17591	1998	27	partial	partial	ADJ
iiclr-17591	1998	28	solution	solution	NOUN
iiclr-17591	1998	29	to	to	ADP
iiclr-17591	1998	30	this	this	DET
iiclr-17591	1998	31	problem	problem	NOUN
iiclr-17591	1998	32	.	.	PUNCT
iiclr-17591	1999	1	l.	l.	NOUN
iiclr-17591	1999	2	the	the	DET
iiclr-17591	1999	3	way	way	NOUN
iiclr-17591	1999	4	ahead	ahead	ADV
iiclr-17591	1999	5	:	:	PUNCT
iiclr-17591	1999	6	the	the	DET
iiclr-17591	1999	7	foreseeable	foreseeable	ADJ
iiclr-17591	1999	8	developments	development	NOUN
iiclr-17591	1999	9	.	.	PUNCT
iiclr-17591	2000	1	the	the	DET
iiclr-17591	2000	2	previously	previously	ADV
iiclr-17591	2000	3	described	describe	VERB
iiclr-17591	2000	4	image	image	NOUN
iiclr-17591	2000	5	of	of	ADP
iiclr-17591	2000	6	italian	italian	ADJ
iiclr-17591	2000	7	corporate	corporate	ADJ
iiclr-17591	2000	8	governance	governance	NOUN
iiclr-17591	2000	9	may	may	AUX
iiclr-17591	2000	10	undergo	undergo	VERB
iiclr-17591	2000	11	some	some	DET
iiclr-17591	2000	12	significant	significant	ADJ
iiclr-17591	2000	13	changes	change	NOUN
iiclr-17591	2000	14	in	in	ADP
iiclr-17591	2000	15	the	the	DET
iiclr-17591	2000	16	years	year	NOUN
iiclr-17591	2000	17	ahead	ahead	ADV
iiclr-17591	2000	18	.	.	PUNCT
iiclr-17591	2001	1	many	many	ADJ
iiclr-17591	2001	2	factors	factor	NOUN
iiclr-17591	2001	3	may	may	AUX
iiclr-17591	2001	4	contribute	contribute	VERB
iiclr-17591	2001	5	to	to	ADP
iiclr-17591	2001	6	inducing	induce	VERB
iiclr-17591	2001	7	alternative	alternative	ADJ
iiclr-17591	2001	8	corporate	corporate	ADJ
iiclr-17591	2001	9	governance	governance	NOUN
iiclr-17591	2001	10	patterns	pattern	NOUN
iiclr-17591	2001	11	,	,	PUNCT
iiclr-17591	2001	12	and	and	CCONJ
iiclr-17591	2001	13	in	in	ADP
iiclr-17591	2001	14	particular	particular	ADJ
iiclr-17591	2001	15	a	a	DET
iiclr-17591	2001	16	pattern	pattern	NOUN
iiclr-17591	2001	17	of	of	ADP
iiclr-17591	2001	18	bank	bank	NOUN
iiclr-17591	2001	19	monitoring	monitoring	NOUN
iiclr-17591	2001	20	,	,	PUNCT
iiclr-17591	2001	21	which	which	PRON
iiclr-17591	2001	22	will	will	AUX
iiclr-17591	2001	23	flank	flank	VERB
iiclr-17591	2001	24	that	that	PRON
iiclr-17591	2001	25	based	base	VERB
iiclr-17591	2001	26	on	on	ADP
iiclr-17591	2001	27	the	the	DET
iiclr-17591	2001	28	direct	direct	ADJ
iiclr-17591	2001	29	involvement	involvement	NOUN
iiclr-17591	2001	30	of	of	ADP
iiclr-17591	2001	31	large	large	ADJ
iiclr-17591	2001	32	shareholders	shareholder	NOUN
iiclr-17591	2001	33	.	.	PUNCT
iiclr-17591	2002	1	possible	possible	ADJ
iiclr-17591	2002	2	causes	cause	NOUN
iiclr-17591	2002	3	include	include	VERB
iiclr-17591	2002	4	:	:	PUNCT
iiclr-17591	2002	5	(	(	PUNCT
iiclr-17591	2002	6	a	a	X
iiclr-17591	2002	7	)	)	PUNCT
iiclr-17591	2002	8	in	in	ADP
iiclr-17591	2002	9	the	the	DET
iiclr-17591	2002	10	next	next	ADJ
iiclr-17591	2002	11	few	few	ADJ
iiclr-17591	2002	12	years	year	NOUN
iiclr-17591	2002	13	thousands	thousand	NOUN
iiclr-17591	2002	14	of	of	ADP
iiclr-17591	2002	15	italian	italian	ADJ
iiclr-17591	2002	16	firms	firm	NOUN
iiclr-17591	2002	17	will	will	AUX
iiclr-17591	2002	18	experience	experience	VERB
iiclr-17591	2002	19	a	a	DET
iiclr-17591	2002	20	generational	generational	ADJ
iiclr-17591	2002	21	transition	transition	NOUN
iiclr-17591	2002	22	,	,	PUNCT
iiclr-17591	2002	23	determined	determine	VERB
iiclr-17591	2002	24	by	by	ADP
iiclr-17591	2002	25	demography	demography	NOUN
iiclr-17591	2002	26	.	.	PUNCT
iiclr-17591	2003	1	42	42	NUM
iiclr-17591	2003	2	many	many	ADJ
iiclr-17591	2003	3	among	among	ADP
iiclr-17591	2003	4	the	the	DET
iiclr-17591	2003	5	most	most	ADV
iiclr-17591	2003	6	prestigious	prestigious	ADJ
iiclr-17591	2003	7	and	and	CCONJ
iiclr-17591	2003	8	active	active	ADJ
iiclr-17591	2003	9	italian	italian	ADJ
iiclr-17591	2003	10	firms	firm	NOUN
iiclr-17591	2003	11	were	be	AUX
iiclr-17591	2003	12	indeed	indeed	ADV
iiclr-17591	2003	13	founded	found	VERB
iiclr-17591	2003	14	between	between	ADP
iiclr-17591	2003	15	the	the	DET
iiclr-17591	2003	16	'	'	NOUN
iiclr-17591	2003	17	50s	50	NOUN
iiclr-17591	2003	18	and	and	CCONJ
iiclr-17591	2003	19	the	the	DET
iiclr-17591	2003	20	'	'	NOUN
iiclr-17591	2003	21	60s	60	NOUN
iiclr-17591	2003	22	,	,	PUNCT
iiclr-17591	2003	23	and	and	CCONJ
iiclr-17591	2003	24	they	they	PRON
iiclr-17591	2003	25	will	will	AUX
iiclr-17591	2003	26	soon	soon	ADV
iiclr-17591	2003	27	face	face	VERB
iiclr-17591	2003	28	such	such	DET
iiclr-17591	2003	29	a	a	DET
iiclr-17591	2003	30	problem	problem	NOUN
iiclr-17591	2003	31	.	.	PUNCT
iiclr-17591	2004	1	according	accord	VERB
iiclr-17591	2004	2	to	to	ADP
iiclr-17591	2004	3	estimates	estimate	NOUN
iiclr-17591	2004	4	of	of	ADP
iiclr-17591	2004	5	experts	expert	NOUN
iiclr-17591	2004	6	,	,	PUNCT
iiclr-17591	2004	7	the	the	DET
iiclr-17591	2004	8	transitional	transitional	ADJ
iiclr-17591	2004	9	process	process	NOUN
iiclr-17591	2004	10	will	will	AUX
iiclr-17591	2004	11	be	be	AUX
iiclr-17591	2004	12	massive	massive	ADJ
iiclr-17591	2004	13	,	,	PUNCT
iiclr-17591	2004	14	and	and	CCONJ
iiclr-17591	2004	15	its	its	PRON
iiclr-17591	2004	16	outcome	outcome	NOUN
iiclr-17591	2004	17	will	will	AUX
iiclr-17591	2004	18	be	be	AUX
iiclr-17591	2004	19	of	of	ADP
iiclr-17591	2004	20	critical	critical	ADJ
iiclr-17591	2004	21	importance	importance	NOUN
iiclr-17591	2004	22	?	?	PUNCT
iiclr-17591	2004	23	'	'	PUNCT
iiclr-17591	2004	24	3	3	NUM
iiclr-17591	2004	25	the	the	DET
iiclr-17591	2004	26	solution	solution	NOUN
iiclr-17591	2004	27	of	of	ADP
iiclr-17591	2004	28	transition	transition	NOUN
iiclr-17591	2004	29	problems	problem	NOUN
iiclr-17591	2004	30	usually	usually	ADV
iiclr-17591	2004	31	requires	require	VERB
iiclr-17591	2004	32	high	high	ADJ
iiclr-17591	2004	33	liquidity	liquidity	NOUN
iiclr-17591	2004	34	,	,	PUNCT
iiclr-17591	2004	35	to	to	PART
iiclr-17591	2004	36	measure	measure	VERB
iiclr-17591	2004	37	the	the	DET
iiclr-17591	2004	38	performance	performance	NOUN
iiclr-17591	2004	39	of	of	ADP
iiclr-17591	2004	40	majority	majority	NOUN
iiclr-17591	2004	41	-	-	PUNCT
iiclr-17591	2004	42	owned	own	VERB
iiclr-17591	2004	43	firms	firm	NOUN
iiclr-17591	2004	44	,	,	PUNCT
iiclr-17591	2004	45	as	as	SCONJ
iiclr-17591	2004	46	it	it	PRON
iiclr-17591	2004	47	spreads	spread	VERB
iiclr-17591	2004	48	the	the	DET
iiclr-17591	2004	49	control	control	NOUN
iiclr-17591	2004	50	over	over	ADP
iiclr-17591	2004	51	all	all	DET
iiclr-17591	2004	52	the	the	DET
iiclr-17591	2004	53	outstanding	outstanding	ADJ
iiclr-17591	2004	54	stock	stock	NOUN
iiclr-17591	2004	55	.	.	PUNCT
iiclr-17591	2004	56	)	)	PUNCT
iiclr-17591	2005	1	the	the	DET
iiclr-17591	2005	2	authors	author	NOUN
iiclr-17591	2005	3	conclude	conclude	VERB
iiclr-17591	2005	4	that	that	SCONJ
iiclr-17591	2005	5	there	there	PRON
iiclr-17591	2005	6	is	be	VERB
iiclr-17591	2005	7	no	no	DET
iiclr-17591	2005	8	significant	significant	ADJ
iiclr-17591	2005	9	difference	difference	NOUN
iiclr-17591	2005	10	between	between	ADP
iiclr-17591	2005	11	the	the	DET
iiclr-17591	2005	12	performance	performance	NOUN
iiclr-17591	2005	13	majority	majority	NOUN
iiclr-17591	2005	14	and	and	CCONJ
iiclr-17591	2005	15	diffusely	diffusely	ADV
iiclr-17591	2005	16	-	-	PUNCT
iiclr-17591	2005	17	held	hold	VERB
iiclr-17591	2005	18	firns	firn	NOUN
iiclr-17591	2005	19	,	,	PUNCT
iiclr-17591	2005	20	and	and	CCONJ
iiclr-17591	2005	21	there	there	PRON
iiclr-17591	2005	22	is	be	VERB
iiclr-17591	2005	23	no	no	DET
iiclr-17591	2005	24	evidence	evidence	NOUN
iiclr-17591	2005	25	that	that	SCONJ
iiclr-17591	2005	26	majority	majority	NOUN
iiclr-17591	2005	27	shareholders	shareholder	NOUN
iiclr-17591	2005	28	use	use	VERB
iiclr-17591	2005	29	their	their	PRON
iiclr-17591	2005	30	influence	influence	NOUN
iiclr-17591	2005	31	to	to	PART
iiclr-17591	2005	32	expropriate	expropriate	VERB
iiclr-17591	2005	33	or	or	CCONJ
iiclr-17591	2005	34	consume	consume	VERB
iiclr-17591	2005	35	corporate	corporate	ADJ
iiclr-17591	2005	36	resources	resource	NOUN
iiclr-17591	2005	37	.	.	PUNCT
iiclr-17591	2006	1	240	240	NUM
iiclr-17591	2006	2	.	.	PUNCT
iiclr-17591	2006	3	a	a	DET
iiclr-17591	2006	4	bit	bit	NOUN
iiclr-17591	2006	5	paradoxically	paradoxically	ADV
iiclr-17591	2006	6	,	,	PUNCT
iiclr-17591	2006	7	a	a	DET
iiclr-17591	2006	8	takeover	takeover	NOUN
iiclr-17591	2006	9	-	-	PUNCT
iiclr-17591	2006	10	related	relate	VERB
iiclr-17591	2006	11	reading	reading	NOUN
iiclr-17591	2006	12	of	of	ADP
iiclr-17591	2006	13	corporate	corporate	ADJ
iiclr-17591	2006	14	law	law	NOUN
iiclr-17591	2006	15	comes	come	VERB
iiclr-17591	2006	16	sometimes	sometimes	ADV
iiclr-17591	2006	17	from	from	ADP
iiclr-17591	2006	18	italian	italian	ADJ
iiclr-17591	2006	19	scholars	scholar	NOUN
iiclr-17591	2006	20	.	.	PUNCT
iiclr-17591	2007	1	much	much	ADJ
iiclr-17591	2007	2	of	of	ADP
iiclr-17591	2007	3	the	the	DET
iiclr-17591	2007	4	debateabout	debateabout	NOUN
iiclr-17591	2007	5	the	the	DET
iiclr-17591	2007	6	validity	validity	NOUN
iiclr-17591	2007	7	and	and	CCONJ
iiclr-17591	2007	8	the	the	DET
iiclr-17591	2007	9	effects	effect	NOUN
iiclr-17591	2007	10	of	of	ADP
iiclr-17591	2007	11	the	the	DET
iiclr-17591	2007	12	clause	clause	NOUN
iiclr-17591	2007	13	requiring	require	VERB
iiclr-17591	2007	14	transfer	transfer	NOUN
iiclr-17591	2007	15	of	of	ADP
iiclr-17591	2007	16	shares	share	NOUN
iiclr-17591	2007	17	to	to	PART
iiclr-17591	2007	18	be	be	AUX
iiclr-17591	2007	19	approved	approve	VERB
iiclr-17591	2007	20	to	to	PART
iiclr-17591	2007	21	take	take	VERB
iiclr-17591	2007	22	effect	effect	NOUN
iiclr-17591	2007	23	for	for	ADP
iiclr-17591	2007	24	the	the	DET
iiclr-17591	2007	25	company	company	NOUN
iiclr-17591	2007	26	(	(	PUNCT
iiclr-17591	2007	27	"	"	PUNCT
iiclr-17591	2007	28	clausola	clausola	PROPN
iiclr-17591	2007	29	di	di	PROPN
iiclr-17591	2007	30	gradimento	gradimento	NOUN
iiclr-17591	2007	31	,	,	PUNCT
iiclr-17591	2007	32	"	"	PUNCT
iiclr-17591	2007	33	see	see	VERB
iiclr-17591	2007	34	supra	supra	PROPN
iiclr-17591	2007	35	note	note	PROPN
iiclr-17591	2007	36	136	136	NUM
iiclr-17591	2007	37	)	)	PUNCT
iiclr-17591	2007	38	is	be	AUX
iiclr-17591	2007	39	based	base	VERB
iiclr-17591	2007	40	on	on	ADP
iiclr-17591	2007	41	its	its	PRON
iiclr-17591	2007	42	alleged	alleged	ADJ
iiclr-17591	2007	43	antitakeover	antitakeover	ADJ
iiclr-17591	2007	44	effects	effect	NOUN
iiclr-17591	2007	45	(	(	PUNCT
iiclr-17591	2007	46	see	see	VERB
iiclr-17591	2007	47	,	,	PUNCT
iiclr-17591	2007	48	for	for	ADP
iiclr-17591	2007	49	instance	instance	NOUN
iiclr-17591	2007	50	,	,	PUNCT
iiclr-17591	2007	51	floriano	floriano	ADJ
iiclr-17591	2007	52	d'alessandro	d'alessandro	NOUN
iiclr-17591	2007	53	,	,	PUNCT
iiclr-17591	2007	54	le	le	X
iiclr-17591	2007	55	azioni	azioni	PROPN
iiclr-17591	2007	56	,	,	PUNCT
iiclr-17591	2007	57	in	in	ADP
iiclr-17591	2007	58	dirrrro	dirrrro	NOUN
iiclr-17591	2007	59	commerciale	commerciale	NOUN
iiclr-17591	2007	60	250	250	NUM
iiclr-17591	2007	61	,	,	PUNCT
iiclr-17591	2007	62	278	278	NUM
iiclr-17591	2007	63	-	-	SYM
iiclr-17591	2007	64	79	79	NUM
iiclr-17591	2007	65	(	(	PUNCT
iiclr-17591	2007	66	vincenzo	vincenzo	PROPN
iiclr-17591	2007	67	allegri	allegri	PROPN
iiclr-17591	2007	68	et	et	PROPN
iiclr-17591	2007	69	al	al	PROPN
iiclr-17591	2007	70	.	.	PUNCT
iiclr-17591	2008	1	eds	eds	PROPN
iiclr-17591	2008	2	.	.	PROPN
iiclr-17591	2008	3	,	,	PUNCT
iiclr-17591	2008	4	1993	1993	NUM
iiclr-17591	2008	5	)	)	PUNCT
iiclr-17591	2008	6	)	)	PUNCT
iiclr-17591	2008	7	,	,	PUNCT
iiclr-17591	2008	8	when	when	SCONJ
iiclr-17591	2008	9	virtually	virtually	ADV
iiclr-17591	2008	10	none	none	NOUN
iiclr-17591	2008	11	of	of	ADP
iiclr-17591	2008	12	the	the	DET
iiclr-17591	2008	13	many	many	ADJ
iiclr-17591	2008	14	thousands	thousand	NOUN
iiclr-17591	2008	15	that	that	PRON
iiclr-17591	2008	16	have	have	VERB
iiclr-17591	2008	17	this	this	DET
iiclr-17591	2008	18	clause	clause	NOUN
iiclr-17591	2008	19	in	in	ADP
iiclr-17591	2008	20	their	their	PRON
iiclr-17591	2008	21	charter	charter	NOUN
iiclr-17591	2008	22	is	be	AUX
iiclr-17591	2008	23	a	a	DET
iiclr-17591	2008	24	possible	possible	ADJ
iiclr-17591	2008	25	takeover	takeover	NOUN
iiclr-17591	2008	26	target	target	NOUN
iiclr-17591	2008	27	.	.	PUNCT
iiclr-17591	2009	1	241	241	X
iiclr-17591	2009	2	.	.	PUNCT
iiclr-17591	2010	1	a	a	DET
iiclr-17591	2010	2	balanced	balanced	ADJ
iiclr-17591	2010	3	assessment	assessment	NOUN
iiclr-17591	2010	4	is	be	AUX
iiclr-17591	2010	5	made	make	VERB
iiclr-17591	2010	6	in	in	ADP
iiclr-17591	2010	7	italian	italian	ADJ
iiclr-17591	2010	8	small	small	ADJ
iiclr-17591	2010	9	business	business	NOUN
iiclr-17591	2010	10	.	.	PUNCT
iiclr-17591	2011	1	change	change	NOUN
iiclr-17591	2011	2	in	in	ADP
iiclr-17591	2011	3	the	the	DET
iiclr-17591	2011	4	heartland	heartland	NOUN
iiclr-17591	2011	5	,	,	PUNCT
iiclr-17591	2011	6	the	the	DET
iiclr-17591	2011	7	economist	economist	NOUN
iiclr-17591	2011	8	,	,	PUNCT
iiclr-17591	2011	9	apr	apr	PROPN
iiclr-17591	2011	10	.	.	PROPN
iiclr-17591	2011	11	2	2	NUM
iiclr-17591	2011	12	,	,	PUNCT
iiclr-17591	2011	13	1994	1994	NUM
iiclr-17591	2011	14	,	,	PUNCT
iiclr-17591	2011	15	at	at	ADP
iiclr-17591	2011	16	73	73	NUM
iiclr-17591	2011	17	.	.	PUNCT
iiclr-17591	2012	1	242	242	NUM
iiclr-17591	2012	2	.	.	PUNCT
iiclr-17591	2013	1	see	see	VERB
iiclr-17591	2013	2	marcello	marcello	PROPN
iiclr-17591	2013	3	zacche	zacche	PROPN
iiclr-17591	2013	4	,	,	PUNCT
iiclr-17591	2013	5	dinastie	dinastie	PROPN
iiclr-17591	2013	6	inustriali	inustriali	VERB
iiclr-17591	2013	7	:	:	PUNCT
iiclr-17591	2013	8	generazioni	generazioni	PROPN
iiclr-17591	2013	9	al	al	PROPN
iiclr-17591	2013	10	bivio	bivio	PROPN
iiclr-17591	2013	11	,	,	PUNCT
iiclr-17591	2013	12	mondo	mondo	PROPN
iiclr-17591	2013	13	economico	economico	PROPN
iiclr-17591	2013	14	,	,	PUNCT
iiclr-17591	2013	15	nov	nov	PROPN
iiclr-17591	2013	16	.	.	PROPN
iiclr-17591	2013	17	20	20	NUM
iiclr-17591	2013	18	,	,	PUNCT
iiclr-17591	2013	19	1993	1993	NUM
iiclr-17591	2013	20	,	,	PUNCT
iiclr-17591	2013	21	at	at	ADP
iiclr-17591	2013	22	89	89	NUM
iiclr-17591	2013	23	.	.	PUNCT
iiclr-17591	2014	1	243	243	NUM
iiclr-17591	2014	2	.	.	PUNCT
iiclr-17591	2015	1	paolo	paolo	PROPN
iiclr-17591	2015	2	lovenitti	lovenitti	PROPN
iiclr-17591	2015	3	,	,	PUNCT
iiclr-17591	2015	4	quoted	quote	VERB
iiclr-17591	2015	5	in	in	ADP
iiclr-17591	2015	6	zacch6	zacch6	PROPN
iiclr-17591	2015	7	,	,	PUNCT
iiclr-17591	2015	8	supra	supra	PROPN
iiclr-17591	2015	9	note	note	PROPN
iiclr-17591	2015	10	242	242	NUM
iiclr-17591	2015	11	.	.	PUNCT
iiclr-17591	2015	12	1995	1995	NUM
iiclr-17591	2015	13	]	]	X
iiclr-17591	2016	1	ind	ind	NOUN
iiclr-17591	2016	2	.	.	PUNCT
iiclr-17591	2017	1	int'l	int'l	PROPN
iiclr-17591	2017	2	&	&	CCONJ
iiclr-17591	2017	3	comp	comp	PROPN
iiclr-17591	2017	4	.	.	PUNCT
iiclr-17591	2018	1	l	l	PROPN
iiclr-17591	2018	2	rev	rev	PROPN
iiclr-17591	2018	3	.	.	PROPN
iiclr-17591	2019	1	and	and	CCONJ
iiclr-17591	2019	2	it	it	PRON
iiclr-17591	2019	3	is	be	AUX
iiclr-17591	2019	4	foreseeable	foreseeable	ADJ
iiclr-17591	2019	5	that	that	SCONJ
iiclr-17591	2019	6	often	often	ADV
iiclr-17591	2019	7	liquidity	liquidity	NOUN
iiclr-17591	2019	8	will	will	AUX
iiclr-17591	2019	9	come	come	VERB
iiclr-17591	2019	10	from	from	ADP
iiclr-17591	2019	11	the	the	DET
iiclr-17591	2019	12	public	public	ADJ
iiclr-17591	2019	13	market	market	NOUN
iiclr-17591	2019	14	or	or	CCONJ
iiclr-17591	2019	15	from	from	ADP
iiclr-17591	2019	16	bank	bank	NOUN
iiclr-17591	2019	17	equity	equity	NOUN
iiclr-17591	2019	18	financing	financing	NOUN
iiclr-17591	2019	19	.	.	PUNCT
iiclr-17591	2020	1	4	4	NUM
iiclr-17591	2020	2	4	4	NUM
iiclr-17591	2020	3	(	(	PUNCT
iiclr-17591	2020	4	b	b	NOUN
iiclr-17591	2020	5	)	)	PUNCT
iiclr-17591	2020	6	the	the	DET
iiclr-17591	2020	7	stock	stock	NOUN
iiclr-17591	2020	8	market	market	NOUN
iiclr-17591	2020	9	is	be	AUX
iiclr-17591	2020	10	going	go	VERB
iiclr-17591	2020	11	to	to	PART
iiclr-17591	2020	12	witness	witness	VERB
iiclr-17591	2020	13	an	an	DET
iiclr-17591	2020	14	extensive	extensive	ADJ
iiclr-17591	2020	15	offer	offer	NOUN
iiclr-17591	2020	16	of	of	ADP
iiclr-17591	2020	17	equity	equity	NOUN
iiclr-17591	2020	18	that	that	PRON
iiclr-17591	2020	19	the	the	DET
iiclr-17591	2020	20	actors	actor	NOUN
iiclr-17591	2020	21	now	now	ADV
iiclr-17591	2020	22	on	on	ADP
iiclr-17591	2020	23	the	the	DET
iiclr-17591	2020	24	scene	scene	NOUN
iiclr-17591	2020	25	can	can	AUX
iiclr-17591	2020	26	not	not	PART
iiclr-17591	2020	27	satisfy	satisfy	VERB
iiclr-17591	2020	28	.	.	PUNCT
iiclr-17591	2021	1	privatizations	privatization	NOUN
iiclr-17591	2021	2	of	of	ADP
iiclr-17591	2021	3	very	very	ADV
iiclr-17591	2021	4	large	large	ADJ
iiclr-17591	2021	5	stateowned	stateowne	VERB
iiclr-17591	2021	6	firms	firm	NOUN
iiclr-17591	2021	7	and	and	CCONJ
iiclr-17591	2021	8	massive	massive	ADJ
iiclr-17591	2021	9	recapitalizations	recapitalization	NOUN
iiclr-17591	2021	10	by	by	ADP
iiclr-17591	2021	11	non	non	ADJ
iiclr-17591	2021	12	-	-	ADJ
iiclr-17591	2021	13	profit	profit	ADJ
iiclr-17591	2021	14	banks	bank	NOUN
iiclr-17591	2021	15	now	now	ADV
iiclr-17591	2021	16	turned	turn	VERB
iiclr-17591	2021	17	into	into	ADP
iiclr-17591	2021	18	societa	societa	NOUN
iiclr-17591	2021	19	per	per	ADP
iiclr-17591	2021	20	azionius	azionius	NOUN
iiclr-17591	2021	21	require	require	VERB
iiclr-17591	2021	22	capital	capital	NOUN
iiclr-17591	2021	23	widely	widely	ADV
iiclr-17591	2021	24	in	in	ADP
iiclr-17591	2021	25	excess	excess	NOUN
iiclr-17591	2021	26	of	of	ADP
iiclr-17591	2021	27	that	that	PRON
iiclr-17591	2021	28	available	available	ADJ
iiclr-17591	2021	29	to	to	ADP
iiclr-17591	2021	30	listed	list	VERB
iiclr-17591	2021	31	firms	firm	NOUN
iiclr-17591	2021	32	and	and	CCONJ
iiclr-17591	2021	33	to	to	ADP
iiclr-17591	2021	34	their	their	PRON
iiclr-17591	2021	35	present	present	ADJ
iiclr-17591	2021	36	owners	owner	NOUN
iiclr-17591	2021	37	.	.	PUNCT
iiclr-17591	2022	1	a	a	DET
iiclr-17591	2022	2	dominant	dominant	ADJ
iiclr-17591	2022	3	role	role	NOUN
iiclr-17591	2022	4	of	of	ADP
iiclr-17591	2022	5	the	the	DET
iiclr-17591	2022	6	largest	large	ADJ
iiclr-17591	2022	7	bank	bank	NOUN
iiclr-17591	2022	8	groups	group	NOUN
iiclr-17591	2022	9	is	be	AUX
iiclr-17591	2022	10	not	not	PART
iiclr-17591	2022	11	only	only	ADV
iiclr-17591	2022	12	predictable	predictable	ADJ
iiclr-17591	2022	13	,	,	PUNCT
iiclr-17591	2022	14	but	but	CCONJ
iiclr-17591	2022	15	it	it	PRON
iiclr-17591	2022	16	is	be	AUX
iiclr-17591	2022	17	already	already	ADV
iiclr-17591	2022	18	on	on	ADP
iiclr-17591	2022	19	the	the	DET
iiclr-17591	2022	20	horizon	horizon	NOUN
iiclr-17591	2022	21	.	.	PUNCT
iiclr-17591	2022	22	"	"	PUNCT
iiclr-17591	2023	1	6	6	NUM
iiclr-17591	2023	2	although	although	SCONJ
iiclr-17591	2023	3	a	a	DET
iiclr-17591	2023	4	change	change	NOUN
iiclr-17591	2023	5	in	in	ADP
iiclr-17591	2023	6	the	the	DET
iiclr-17591	2023	7	tendency	tendency	NOUN
iiclr-17591	2023	8	to	to	PART
iiclr-17591	2023	9	retain	retain	VERB
iiclr-17591	2023	10	profits	profit	NOUN
iiclr-17591	2023	11	-	-	PUNCT
iiclr-17591	2023	12	with	with	ADP
iiclr-17591	2023	13	all	all	PRON
iiclr-17591	2023	14	that	that	PRON
iiclr-17591	2023	15	means	mean	VERB
iiclr-17591	2023	16	for	for	ADP
iiclr-17591	2023	17	corporate	corporate	ADJ
iiclr-17591	2023	18	governance	governance	NOUN
iiclr-17591	2023	19	-	-	PUNCT
iiclr-17591	2023	20	will	will	AUX
iiclr-17591	2023	21	probably	probably	ADV
iiclr-17591	2023	22	follow	follow	VERB
iiclr-17591	2023	23	by	by	ADP
iiclr-17591	2023	24	bank	bank	NOUN
iiclr-17591	2023	25	-	-	PUNCT
iiclr-17591	2023	26	owned	own	VERB
iiclr-17591	2023	27	companies	company	NOUN
iiclr-17591	2023	28	,	,	PUNCT
iiclr-17591	2023	29	7	7	NUM
iiclr-17591	2023	30	what	what	PRON
iiclr-17591	2023	31	the	the	DET
iiclr-17591	2023	32	overall	overall	ADJ
iiclr-17591	2023	33	governance	governance	NOUN
iiclr-17591	2023	34	pattern	pattern	NOUN
iiclr-17591	2023	35	of	of	ADP
iiclr-17591	2023	36	these	these	DET
iiclr-17591	2023	37	companies	company	NOUN
iiclr-17591	2023	38	will	will	AUX
iiclr-17591	2023	39	be	be	AUX
iiclr-17591	2023	40	is	be	AUX
iiclr-17591	2023	41	far	far	ADV
iiclr-17591	2023	42	from	from	ADP
iiclr-17591	2023	43	clear	clear	ADJ
iiclr-17591	2023	44	.	.	PUNCT
iiclr-17591	2024	1	(	(	PUNCT
iiclr-17591	2024	2	c	c	X
iiclr-17591	2024	3	)	)	PUNCT
iiclr-17591	2024	4	new	new	ADJ
iiclr-17591	2024	5	institutional	institutional	ADJ
iiclr-17591	2024	6	investors	investor	NOUN
iiclr-17591	2024	7	are	be	AUX
iiclr-17591	2024	8	appearing	appear	VERB
iiclr-17591	2024	9	,	,	PUNCT
iiclr-17591	2024	10	whose	whose	DET
iiclr-17591	2024	11	potential	potential	NOUN
iiclr-17591	2024	12	,	,	PUNCT
iiclr-17591	2024	13	depending	depend	VERB
iiclr-17591	2024	14	also	also	ADV
iiclr-17591	2024	15	on	on	ADP
iiclr-17591	2024	16	important	important	ADJ
iiclr-17591	2024	17	political	political	ADJ
iiclr-17591	2024	18	choices	choice	NOUN
iiclr-17591	2024	19	to	to	PART
iiclr-17591	2024	20	be	be	AUX
iiclr-17591	2024	21	made	make	VERB
iiclr-17591	2024	22	,	,	PUNCT
iiclr-17591	2024	23	can	can	AUX
iiclr-17591	2024	24	turn	turn	VERB
iiclr-17591	2024	25	out	out	ADP
iiclr-17591	2024	26	to	to	PART
iiclr-17591	2024	27	be	be	AUX
iiclr-17591	2024	28	very	very	ADV
iiclr-17591	2024	29	high	high	ADJ
iiclr-17591	2024	30	.	.	PUNCT
iiclr-17591	2025	1	while	while	SCONJ
iiclr-17591	2025	2	closed	close	VERB
iiclr-17591	2025	3	-	-	PUNCT
iiclr-17591	2025	4	end	end	NOUN
iiclr-17591	2025	5	investment	investment	NOUN
iiclr-17591	2025	6	funds	fund	NOUN
iiclr-17591	2025	7	will	will	AUX
iiclr-17591	2025	8	not	not	PART
iiclr-17591	2025	9	dominate	dominate	VERB
iiclr-17591	2025	10	,	,	PUNCT
iiclr-17591	2025	11	they	they	PRON
iiclr-17591	2025	12	seem	seem	VERB
iiclr-17591	2025	13	likely	likely	ADJ
iiclr-17591	2025	14	to	to	PART
iiclr-17591	2025	15	thrive	thrive	VERB
iiclr-17591	2025	16	in	in	ADP
iiclr-17591	2025	17	the	the	DET
iiclr-17591	2025	18	italian	italian	ADJ
iiclr-17591	2025	19	universe	universe	NOUN
iiclr-17591	2025	20	of	of	ADP
iiclr-17591	2025	21	healthy	healthy	ADJ
iiclr-17591	2025	22	medium	medium	ADJ
iiclr-17591	2025	23	firms	firm	NOUN
iiclr-17591	2025	24	,	,	PUNCT
iiclr-17591	2025	25	provided	provide	VERB
iiclr-17591	2025	26	that	that	SCONJ
iiclr-17591	2025	27	they	they	PRON
iiclr-17591	2025	28	are	be	AUX
iiclr-17591	2025	29	granted	grant	VERB
iiclr-17591	2025	30	a	a	DET
iiclr-17591	2025	31	less	less	ADV
iiclr-17591	2025	32	unfavorable	unfavorable	ADJ
iiclr-17591	2025	33	tax	tax	NOUN
iiclr-17591	2025	34	regime	regime	NOUN
iiclr-17591	2025	35	than	than	SCONJ
iiclr-17591	2025	36	they	they	PRON
iiclr-17591	2025	37	are	be	AUX
iiclr-17591	2025	38	now	now	ADV
iiclr-17591	2025	39	.	.	PUNCT
iiclr-17591	2025	40	"	"	PUNCT
iiclr-17591	2026	1	many	many	ADJ
iiclr-17591	2026	2	medium	medium	ADJ
iiclr-17591	2026	3	firms	firm	NOUN
iiclr-17591	2026	4	could	could	AUX
iiclr-17591	2026	5	be	be	AUX
iiclr-17591	2026	6	financed	finance	VERB
iiclr-17591	2026	7	and	and	CCONJ
iiclr-17591	2026	8	could	could	AUX
iiclr-17591	2026	9	eventually	eventually	ADV
iiclr-17591	2026	10	go	go	VERB
iiclr-17591	2026	11	public	public	ADJ
iiclr-17591	2026	12	as	as	ADP
iiclr-17591	2026	13	an	an	DET
iiclr-17591	2026	14	effect	effect	NOUN
iiclr-17591	2026	15	of	of	ADP
iiclr-17591	2026	16	closed	close	VERB
iiclr-17591	2026	17	-	-	PUNCT
iiclr-17591	2026	18	end	end	NOUN
iiclr-17591	2026	19	fund	fund	NOUN
iiclr-17591	2026	20	financing	financing	NOUN
iiclr-17591	2026	21	.	.	PUNCT
iiclr-17591	2027	1	as	as	ADP
iiclr-17591	2027	2	for	for	ADP
iiclr-17591	2027	3	private	private	ADJ
iiclr-17591	2027	4	pension	pension	NOUN
iiclr-17591	2027	5	funds	fund	NOUN
iiclr-17591	2027	6	,	,	PUNCT
iiclr-17591	2027	7	their	their	PRON
iiclr-17591	2027	8	future	future	NOUN
iiclr-17591	2027	9	depends	depend	VERB
iiclr-17591	2027	10	on	on	ADP
iiclr-17591	2027	11	the	the	DET
iiclr-17591	2027	12	choices	choice	NOUN
iiclr-17591	2027	13	regarding	regard	VERB
iiclr-17591	2027	14	the	the	DET
iiclr-17591	2027	15	244	244	NUM
iiclr-17591	2027	16	.	.	PUNCT
iiclr-17591	2028	1	it	it	PRON
iiclr-17591	2028	2	is	be	AUX
iiclr-17591	2028	3	very	very	ADV
iiclr-17591	2028	4	likely	likely	ADJ
iiclr-17591	2028	5	that	that	SCONJ
iiclr-17591	2028	6	succession	succession	NOUN
iiclr-17591	2028	7	problems	problem	NOUN
iiclr-17591	2028	8	,	,	PUNCT
iiclr-17591	2028	9	more	more	ADJ
iiclr-17591	2028	10	than	than	ADP
iiclr-17591	2028	11	midstream	midstream	NOUN
iiclr-17591	2028	12	,	,	PUNCT
iiclr-17591	2028	13	ordinary	ordinary	ADJ
iiclr-17591	2028	14	financing	financing	NOUN
iiclr-17591	2028	15	,	,	PUNCT
iiclr-17591	2028	16	will	will	AUX
iiclr-17591	2028	17	constitute	constitute	VERB
iiclr-17591	2028	18	one	one	NUM
iiclr-17591	2028	19	of	of	ADP
iiclr-17591	2028	20	the	the	DET
iiclr-17591	2028	21	primary	primary	ADJ
iiclr-17591	2028	22	settings	setting	NOUN
iiclr-17591	2028	23	in	in	ADP
iiclr-17591	2028	24	which	which	PRON
iiclr-17591	2028	25	italian	italian	ADJ
iiclr-17591	2028	26	banks	bank	NOUN
iiclr-17591	2028	27	will	will	AUX
iiclr-17591	2028	28	intervene	intervene	VERB
iiclr-17591	2028	29	as	as	ADP
iiclr-17591	2028	30	equity	equity	NOUN
iiclr-17591	2028	31	capital	capital	NOUN
iiclr-17591	2028	32	providers	provider	NOUN
iiclr-17591	2028	33	.	.	PUNCT
iiclr-17591	2029	1	245	245	NUM
iiclr-17591	2029	2	.	.	PUNCT
iiclr-17591	2029	3	see	see	VERB
iiclr-17591	2029	4	supra	supra	PROPN
iiclr-17591	2029	5	note	note	PROPN
iiclr-17591	2029	6	193	193	NUM
iiclr-17591	2029	7	.	.	PUNCT
iiclr-17591	2030	1	246	246	NUM
iiclr-17591	2030	2	.	.	PUNCT
iiclr-17591	2031	1	see	see	VERB
iiclr-17591	2031	2	i	i	PRON
iiclr-17591	2031	3	vertici	vertici	PROPN
iiclr-17591	2031	4	imi	imi	PROPN
iiclr-17591	2031	5	e	e	PROPN
iiclr-17591	2031	6	ina	ina	PROPN
iiclr-17591	2031	7	stringono	stringono	VERB
iiclr-17591	2031	8	i	i	PRON
iiclr-17591	2031	9	tempi	tempi	PROPN
iiclr-17591	2031	10	per	per	ADP
iiclr-17591	2031	11	i	i	PROPN
iiclr-17591	2031	12	nuclei	nucleus	NOUN
iiclr-17591	2031	13	stabili	stabili	VERB
iiclr-17591	2031	14	,	,	PUNCT
iiclr-17591	2031	15	il	il	PROPN
iiclr-17591	2031	16	sole	sole	ADJ
iiclr-17591	2031	17	-24	-24	PUNCT
iiclr-17591	2031	18	ore	ore	NOUN
iiclr-17591	2031	19	,	,	PUNCT
iiclr-17591	2031	20	mar	mar	PROPN
iiclr-17591	2031	21	.	.	PROPN
iiclr-17591	2031	22	4	4	NUM
iiclr-17591	2031	23	,	,	PUNCT
iiclr-17591	2031	24	1995	1995	NUM
iiclr-17591	2031	25	,	,	PUNCT
iiclr-17591	2031	26	at	at	ADP
iiclr-17591	2031	27	28	28	NUM
iiclr-17591	2031	28	(	(	PUNCT
iiclr-17591	2031	29	role	role	NOUN
iiclr-17591	2031	30	of	of	ADP
iiclr-17591	2031	31	cassa	cassa	PROPN
iiclr-17591	2031	32	di	di	PROPN
iiclr-17591	2031	33	risparmio	risparmio	PROPN
iiclr-17591	2031	34	delle	delle	PROPN
iiclr-17591	2031	35	provincie	provincie	PROPN
iiclr-17591	2031	36	lombarde	lombarde	PROPN
iiclr-17591	2031	37	,	,	PUNCT
iiclr-17591	2031	38	istituto	istituto	PROPN
iiclr-17591	2031	39	bancario	bancario	PROPN
iiclr-17591	2031	40	san	san	PROPN
iiclr-17591	2031	41	paolo	paolo	PROPN
iiclr-17591	2031	42	di	di	PROPN
iiclr-17591	2031	43	torino	torino	PROPN
iiclr-17591	2031	44	,	,	PUNCT
iiclr-17591	2031	45	monte	monte	PROPN
iiclr-17591	2031	46	dei	dei	PROPN
iiclr-17591	2031	47	paschi	paschi	PROPN
iiclr-17591	2031	48	di	di	PROPN
iiclr-17591	2031	49	siena	siena	PROPN
iiclr-17591	2031	50	,	,	PUNCT
iiclr-17591	2031	51	as	as	ADP
iiclr-17591	2031	52	"	"	PUNCT
iiclr-17591	2031	53	stable	stable	ADJ
iiclr-17591	2031	54	core	core	NOUN
iiclr-17591	2031	55	"	"	PUNCT
iiclr-17591	2031	56	of	of	ADP
iiclr-17591	2031	57	shareholders	shareholder	NOUN
iiclr-17591	2031	58	in	in	ADP
iiclr-17591	2031	59	the	the	DET
iiclr-17591	2031	60	privatized	privatized	ADJ
iiclr-17591	2031	61	istituto	istituto	NOUN
iiclr-17591	2031	62	mobiliare	mobiliare	NOUN
iiclr-17591	2031	63	italiano	italiano	NOUN
iiclr-17591	2031	64	)	)	PUNCT
iiclr-17591	2031	65	;	;	PUNCT
iiclr-17591	2031	66	gianni	gianni	PROPN
iiclr-17591	2031	67	dragoni	dragoni	PROPN
iiclr-17591	2031	68	&	&	CCONJ
iiclr-17591	2031	69	antonella	antonella	PROPN
iiclr-17591	2031	70	olivieri	olivieri	PROPN
iiclr-17591	2031	71	,	,	PUNCT
iiclr-17591	2031	72	sale	sale	NOUN
iiclr-17591	2031	73	lafebbre	lafebbre	NOUN
iiclr-17591	2031	74	per	per	ADP
iiclr-17591	2031	75	la	la	PROPN
iiclr-17591	2031	76	stet	stet	PROPN
iiclr-17591	2031	77	,	,	PUNCT
iiclr-17591	2031	78	il	il	PROPN
iiclr-17591	2031	79	sole	sole	ADJ
iiclr-17591	2031	80	-24	-24	PUNCT
iiclr-17591	2031	81	ore	ore	NOUN
iiclr-17591	2031	82	,	,	PUNCT
iiclr-17591	2031	83	mar	mar	PROPN
iiclr-17591	2031	84	.	.	PROPN
iiclr-17591	2031	85	9	9	NUM
iiclr-17591	2031	86	,	,	PUNCT
iiclr-17591	2031	87	1995	1995	NUM
iiclr-17591	2031	88	,	,	PUNCT
iiclr-17591	2031	89	at	at	ADP
iiclr-17591	2031	90	25	25	NUM
iiclr-17591	2031	91	(	(	PUNCT
iiclr-17591	2031	92	discussion	discussion	NOUN
iiclr-17591	2031	93	of	of	ADP
iiclr-17591	2031	94	the	the	DET
iiclr-17591	2031	95	future	future	ADJ
iiclr-17591	2031	96	"	"	PUNCT
iiclr-17591	2031	97	stable	stable	ADJ
iiclr-17591	2031	98	core	core	NOUN
iiclr-17591	2031	99	"	"	PUNCT
iiclr-17591	2031	100	in	in	ADP
iiclr-17591	2031	101	stet	stet	NOUN
iiclr-17591	2031	102	)	)	PUNCT
iiclr-17591	2031	103	(	(	PUNCT
iiclr-17591	2031	104	"	"	PUNCT
iiclr-17591	2031	105	nucleo	nucleo	X
iiclr-17591	2031	106	stabile	stabile	ADJ
iiclr-17591	2031	107	,	,	PUNCT
iiclr-17591	2031	108	"	"	PUNCT
iiclr-17591	2031	109	or	or	CCONJ
iiclr-17591	2031	110	"	"	PUNCT
iiclr-17591	2031	111	stable	stable	ADJ
iiclr-17591	2031	112	core	core	NOUN
iiclr-17591	2031	113	,	,	PUNCT
iiclr-17591	2031	114	"	"	PUNCT
iiclr-17591	2031	115	is	be	AUX
iiclr-17591	2031	116	an	an	DET
iiclr-17591	2031	117	italian	italian	ADJ
iiclr-17591	2031	118	translation	translation	NOUN
iiclr-17591	2031	119	of	of	ADP
iiclr-17591	2031	120	the	the	DET
iiclr-17591	2031	121	french	french	ADJ
iiclr-17591	2031	122	"	"	PUNCT
iiclr-17591	2031	123	noyau	noyau	NOUN
iiclr-17591	2031	124	dur	dur	PROPN
iiclr-17591	2031	125	,	,	PUNCT
iiclr-17591	2031	126	"	"	PUNCT
iiclr-17591	2031	127	i.e.	i.e.	X
iiclr-17591	2031	128	the	the	DET
iiclr-17591	2031	129	group	group	NOUN
iiclr-17591	2031	130	of	of	ADP
iiclr-17591	2031	131	large	large	ADJ
iiclr-17591	2031	132	shareholders	shareholder	NOUN
iiclr-17591	2031	133	charged	charge	VERB
iiclr-17591	2031	134	with	with	ADP
iiclr-17591	2031	135	assuring	assure	VERB
iiclr-17591	2031	136	stability	stability	NOUN
iiclr-17591	2031	137	to	to	ADP
iiclr-17591	2031	138	the	the	DET
iiclr-17591	2031	139	management	management	NOUN
iiclr-17591	2031	140	of	of	ADP
iiclr-17591	2031	141	newly	newly	ADV
iiclr-17591	2031	142	privatized	privatized	ADJ
iiclr-17591	2031	143	companies	company	NOUN
iiclr-17591	2031	144	)	)	PUNCT
iiclr-17591	2031	145	.	.	PUNCT
iiclr-17591	2032	1	247	247	NUM
iiclr-17591	2032	2	.	.	PUNCT
iiclr-17591	2033	1	this	this	PRON
iiclr-17591	2033	2	is	be	AUX
iiclr-17591	2033	3	the	the	DET
iiclr-17591	2033	4	(	(	PUNCT
iiclr-17591	2033	5	sensible	sensible	ADJ
iiclr-17591	2033	6	)	)	PUNCT
iiclr-17591	2033	7	forecast	forecast	NOUN
iiclr-17591	2033	8	of	of	ADP
iiclr-17591	2033	9	some	some	DET
iiclr-17591	2033	10	fund	fund	NOUN
iiclr-17591	2033	11	managers	manager	NOUN
iiclr-17591	2033	12	,	,	PUNCT
iiclr-17591	2033	13	cited	cite	VERB
iiclr-17591	2033	14	in	in	ADP
iiclr-17591	2033	15	scarci	scarci	NOUN
iiclr-17591	2033	16	,	,	PUNCT
iiclr-17591	2033	17	supra	supra	PROPN
iiclr-17591	2033	18	note	note	NOUN
iiclr-17591	2033	19	204	204	NUM
iiclr-17591	2033	20	.	.	PUNCT
iiclr-17591	2034	1	using	use	VERB
iiclr-17591	2034	2	the	the	DET
iiclr-17591	2034	3	analytic	analytic	ADJ
iiclr-17591	2034	4	tools	tool	NOUN
iiclr-17591	2034	5	of	of	ADP
iiclr-17591	2034	6	transaction	transaction	NOUN
iiclr-17591	2034	7	cost	cost	NOUN
iiclr-17591	2034	8	economics	economic	NOUN
iiclr-17591	2034	9	,	,	PUNCT
iiclr-17591	2034	10	we	we	PRON
iiclr-17591	2034	11	could	could	AUX
iiclr-17591	2034	12	say	say	VERB
iiclr-17591	2034	13	that	that	SCONJ
iiclr-17591	2034	14	financial	financial	ADJ
iiclr-17591	2034	15	institutions	institution	NOUN
iiclr-17591	2034	16	are	be	AUX
iiclr-17591	2034	17	more	more	ADV
iiclr-17591	2034	18	interested	interested	ADJ
iiclr-17591	2034	19	in	in	ADP
iiclr-17591	2034	20	immediate	immediate	ADJ
iiclr-17591	2034	21	profits	profit	NOUN
iiclr-17591	2034	22	than	than	ADP
iiclr-17591	2034	23	in	in	ADP
iiclr-17591	2034	24	long	long	ADJ
iiclr-17591	2034	25	-	-	PUNCT
iiclr-17591	2034	26	term	term	NOUN
iiclr-17591	2034	27	industrial	industrial	ADJ
iiclr-17591	2034	28	relationships	relationship	NOUN
iiclr-17591	2034	29	,	,	PUNCT
iiclr-17591	2034	30	as	as	SCONJ
iiclr-17591	2034	31	their	their	PRON
iiclr-17591	2034	32	performance	performance	NOUN
iiclr-17591	2034	33	is	be	AUX
iiclr-17591	2034	34	easily	easily	ADV
iiclr-17591	2034	35	comparable	comparable	ADJ
iiclr-17591	2034	36	within	within	ADP
iiclr-17591	2034	37	the	the	DET
iiclr-17591	2034	38	industry	industry	NOUN
iiclr-17591	2034	39	and	and	CCONJ
iiclr-17591	2034	40	their	their	PRON
iiclr-17591	2034	41	activity	activity	NOUN
iiclr-17591	2034	42	requires	require	VERB
iiclr-17591	2034	43	a	a	DET
iiclr-17591	2034	44	lesser	less	ADJ
iiclr-17591	2034	45	degree	degree	NOUN
iiclr-17591	2034	46	of	of	ADP
iiclr-17591	2034	47	integration	integration	NOUN
iiclr-17591	2034	48	with	with	ADP
iiclr-17591	2034	49	the	the	DET
iiclr-17591	2034	50	activity	activity	NOUN
iiclr-17591	2034	51	of	of	ADP
iiclr-17591	2034	52	the	the	DET
iiclr-17591	2034	53	firms	firm	NOUN
iiclr-17591	2034	54	they	they	PRON
iiclr-17591	2034	55	finance	finance	VERB
iiclr-17591	2034	56	.	.	PUNCT
iiclr-17591	2035	1	(	(	PUNCT
iiclr-17591	2035	2	for	for	ADP
iiclr-17591	2035	3	a	a	DET
iiclr-17591	2035	4	complete	complete	ADJ
iiclr-17591	2035	5	theory	theory	NOUN
iiclr-17591	2035	6	on	on	ADP
iiclr-17591	2035	7	the	the	DET
iiclr-17591	2035	8	payoffs	payoff	NOUN
iiclr-17591	2035	9	from	from	ADP
iiclr-17591	2035	10	vertical	vertical	ADJ
iiclr-17591	2035	11	integration	integration	NOUN
iiclr-17591	2035	12	see	see	VERB
iiclr-17591	2035	13	generally	generally	ADV
iiclr-17591	2035	14	williamson	williamson	PROPN
iiclr-17591	2035	15	,	,	PUNCT
iiclr-17591	2035	16	supra	supra	PROPN
iiclr-17591	2035	17	note	note	NOUN
iiclr-17591	2035	18	231	231	NUM
iiclr-17591	2035	19	;	;	PUNCT
iiclr-17591	2035	20	on	on	ADP
iiclr-17591	2035	21	transactional	transactional	ADJ
iiclr-17591	2035	22	advantages	advantage	NOUN
iiclr-17591	2035	23	and	and	CCONJ
iiclr-17591	2035	24	disadvantages	disadvantage	NOUN
iiclr-17591	2035	25	as	as	ADP
iiclr-17591	2035	26	cause	cause	NOUN
iiclr-17591	2035	27	of	of	ADP
iiclr-17591	2035	28	the	the	DET
iiclr-17591	2035	29	natural	natural	ADJ
iiclr-17591	2035	30	selection	selection	NOUN
iiclr-17591	2035	31	of	of	ADP
iiclr-17591	2035	32	the	the	DET
iiclr-17591	2035	33	class	class	NOUN
iiclr-17591	2035	34	of	of	ADP
iiclr-17591	2035	35	"	"	PUNCT
iiclr-17591	2035	36	patrons	patron	NOUN
iiclr-17591	2035	37	"	"	PUNCT
iiclr-17591	2035	38	that	that	PRON
iiclr-17591	2035	39	most	most	ADV
iiclr-17591	2035	40	efficiently	efficiently	ADV
iiclr-17591	2035	41	can	can	AUX
iiclr-17591	2035	42	own	own	VERB
iiclr-17591	2035	43	the	the	DET
iiclr-17591	2035	44	firm	firm	ADJ
iiclr-17591	2035	45	see	see	VERB
iiclr-17591	2035	46	hansmann	hansmann	NOUN
iiclr-17591	2035	47	,	,	PUNCT
iiclr-17591	2035	48	supra	supra	PROPN
iiclr-17591	2035	49	note	note	PROPN
iiclr-17591	2035	50	156	156	NUM
iiclr-17591	2035	51	;	;	PUNCT
iiclr-17591	2035	52	on	on	ADP
iiclr-17591	2035	53	firm	firm	NOUN
iiclr-17591	2035	54	's	's	PART
iiclr-17591	2035	55	performance	performance	NOUN
iiclr-17591	2035	56	comparability	comparability	NOUN
iiclr-17591	2035	57	as	as	ADP
iiclr-17591	2035	58	a	a	DET
iiclr-17591	2035	59	cause	cause	NOUN
iiclr-17591	2035	60	of	of	ADP
iiclr-17591	2035	61	benefits	benefit	NOUN
iiclr-17591	2035	62	from	from	ADP
iiclr-17591	2035	63	its	its	PRON
iiclr-17591	2035	64	concentrated	concentrated	ADJ
iiclr-17591	2035	65	ownership	ownership	NOUN
iiclr-17591	2035	66	structure	structure	NOUN
iiclr-17591	2035	67	see	see	VERB
iiclr-17591	2035	68	demsetz	demsetz	PROPN
iiclr-17591	2035	69	&	&	CCONJ
iiclr-17591	2035	70	lehn	lehn	PROPN
iiclr-17591	2035	71	,	,	PUNCT
iiclr-17591	2035	72	supra	supra	PROPN
iiclr-17591	2035	73	note	note	PROPN
iiclr-17591	2035	74	239	239	NUM
iiclr-17591	2035	75	,	,	PUNCT
iiclr-17591	2035	76	at	at	ADP
iiclr-17591	2035	77	115860	115860	NUM
iiclr-17591	2035	78	,	,	PUNCT
iiclr-17591	2035	79	whose	whose	DET
iiclr-17591	2035	80	suggestions	suggestion	NOUN
iiclr-17591	2035	81	on	on	ADP
iiclr-17591	2035	82	firm	firm	NOUN
iiclr-17591	2035	83	's	's	PART
iiclr-17591	2035	84	performance	performance	NOUN
iiclr-17591	2035	85	instability	instability	NOUN
iiclr-17591	2035	86	as	as	ADP
iiclr-17591	2035	87	a	a	DET
iiclr-17591	2035	88	cause	cause	NOUN
iiclr-17591	2035	89	of	of	ADP
iiclr-17591	2035	90	higher	high	ADJ
iiclr-17591	2035	91	degree	degree	NOUN
iiclr-17591	2035	92	of	of	ADP
iiclr-17591	2035	93	ownership	ownership	NOUN
iiclr-17591	2035	94	concentration	concentration	NOUN
iiclr-17591	2035	95	can	can	AUX
iiclr-17591	2035	96	be	be	AUX
iiclr-17591	2035	97	logically	logically	ADV
iiclr-17591	2035	98	extended	extend	VERB
iiclr-17591	2035	99	to	to	ADP
iiclr-17591	2035	100	the	the	DET
iiclr-17591	2035	101	payoffs	payoff	NOUN
iiclr-17591	2035	102	from	from	ADP
iiclr-17591	2035	103	vertical	vertical	ADJ
iiclr-17591	2035	104	integration	integration	NOUN
iiclr-17591	2035	105	in	in	ADP
iiclr-17591	2035	106	general	general	ADJ
iiclr-17591	2035	107	.	.	PUNCT
iiclr-17591	2035	108	)	)	PUNCT
iiclr-17591	2036	1	true	true	ADJ
iiclr-17591	2036	2	,	,	PUNCT
iiclr-17591	2036	3	the	the	DET
iiclr-17591	2036	4	japanese	japanese	ADJ
iiclr-17591	2036	5	experience	experience	NOUN
iiclr-17591	2036	6	with	with	ADP
iiclr-17591	2036	7	bank	bank	NOUN
iiclr-17591	2036	8	-	-	PUNCT
iiclr-17591	2036	9	centered	center	VERB
iiclr-17591	2036	10	keiretsu	keiretsu	NOUN
iiclr-17591	2036	11	may	may	AUX
iiclr-17591	2036	12	also	also	ADV
iiclr-17591	2036	13	suggest	suggest	VERB
iiclr-17591	2036	14	an	an	DET
iiclr-17591	2036	15	interest	interest	NOUN
iiclr-17591	2036	16	of	of	ADP
iiclr-17591	2036	17	banks	bank	NOUN
iiclr-17591	2036	18	in	in	ADP
iiclr-17591	2036	19	longterm	longterm	ADJ
iiclr-17591	2036	20	industrial	industrial	ADJ
iiclr-17591	2036	21	relationships	relationship	NOUN
iiclr-17591	2036	22	,	,	PUNCT
iiclr-17591	2036	23	but	but	CCONJ
iiclr-17591	2036	24	i	i	PRON
iiclr-17591	2036	25	am	be	AUX
iiclr-17591	2036	26	nevertheless	nevertheless	ADV
iiclr-17591	2036	27	convinced	convince	VERB
iiclr-17591	2036	28	that	that	SCONJ
iiclr-17591	2036	29	bank	bank	NOUN
iiclr-17591	2036	30	ownership	ownership	NOUN
iiclr-17591	2036	31	will	will	AUX
iiclr-17591	2036	32	at	at	ADV
iiclr-17591	2036	33	least	least	ADJ
iiclr-17591	2036	34	reduce	reduce	VERB
iiclr-17591	2036	35	,	,	PUNCT
iiclr-17591	2036	36	even	even	ADV
iiclr-17591	2036	37	if	if	SCONJ
iiclr-17591	2036	38	not	not	PART
iiclr-17591	2036	39	eliminate	eliminate	VERB
iiclr-17591	2036	40	completely	completely	ADV
iiclr-17591	2036	41	,	,	PUNCT
iiclr-17591	2036	42	the	the	DET
iiclr-17591	2036	43	present	present	ADJ
iiclr-17591	2036	44	very	very	ADV
iiclr-17591	2036	45	high	high	ADJ
iiclr-17591	2036	46	profit	profit	NOUN
iiclr-17591	2036	47	-	-	PUNCT
iiclr-17591	2036	48	retention	retention	NOUN
iiclr-17591	2036	49	ratio	ratio	NOUN
iiclr-17591	2036	50	of	of	ADP
iiclr-17591	2036	51	italian	italian	ADJ
iiclr-17591	2036	52	companies	company	NOUN
iiclr-17591	2036	53	.	.	PUNCT
iiclr-17591	2037	1	248	248	NUM
iiclr-17591	2037	2	.	.	PUNCT
iiclr-17591	2038	1	they	they	PRON
iiclr-17591	2038	2	have	have	AUX
iiclr-17591	2038	3	been	be	AUX
iiclr-17591	2038	4	recently	recently	ADV
iiclr-17591	2038	5	regulated	regulate	VERB
iiclr-17591	2038	6	by	by	ADP
iiclr-17591	2038	7	law	law	NOUN
iiclr-17591	2038	8	of	of	ADP
iiclr-17591	2038	9	aug	aug	PROPN
iiclr-17591	2038	10	.	.	PROPN
iiclr-17591	2038	11	14	14	NUM
iiclr-17591	2038	12	,	,	PUNCT
iiclr-17591	2038	13	1993	1993	NUM
iiclr-17591	2038	14	,	,	PUNCT
iiclr-17591	2038	15	no	no	INTJ
iiclr-17591	2038	16	.	.	NOUN
iiclr-17591	2038	17	344	344	NUM
iiclr-17591	2038	18	.	.	PUNCT
iiclr-17591	2039	1	their	their	PRON
iiclr-17591	2039	2	major	major	ADJ
iiclr-17591	2039	3	feature	feature	NOUN
iiclr-17591	2039	4	is	be	AUX
iiclr-17591	2039	5	their	their	PRON
iiclr-17591	2039	6	ability	ability	NOUN
iiclr-17591	2039	7	to	to	PART
iiclr-17591	2039	8	invest	invest	VERB
iiclr-17591	2039	9	in	in	ADP
iiclr-17591	2039	10	equity	equity	NOUN
iiclr-17591	2039	11	of	of	ADP
iiclr-17591	2039	12	unlisted	unlisted	ADJ
iiclr-17591	2039	13	companies	company	NOUN
iiclr-17591	2039	14	.	.	PUNCT
iiclr-17591	2040	1	[	[	X
iiclr-17591	2040	2	vol	vol	NOUN
iiclr-17591	2040	3	.	.	PUNCT
iiclr-17591	2041	1	6:1	6:1	NUM
iiclr-17591	2041	2	corporate	corporate	ADJ
iiclr-17591	2041	3	g	g	NOUN
iiclr-17591	2041	4	vernance	vernance	NOUN
iiclr-17591	2041	5	in	in	ADP
iiclr-17591	2041	6	italy	italy	PROPN
iiclr-17591	2041	7	public	public	ADJ
iiclr-17591	2041	8	social	social	ADJ
iiclr-17591	2041	9	security	security	NOUN
iiclr-17591	2041	10	system	system	NOUN
iiclr-17591	2041	11	,	,	PUNCT
iiclr-17591	2041	12	but	but	CCONJ
iiclr-17591	2041	13	the	the	DET
iiclr-17591	2041	14	huge	huge	ADJ
iiclr-17591	2041	15	current	current	ADJ
iiclr-17591	2041	16	public	public	ADJ
iiclr-17591	2041	17	deficit	deficit	NOUN
iiclr-17591	2041	18	renders	render	VERB
iiclr-17591	2041	19	the	the	DET
iiclr-17591	2041	20	development	development	NOUN
iiclr-17591	2041	21	of	of	ADP
iiclr-17591	2041	22	these	these	DET
iiclr-17591	2041	23	funds	fund	NOUN
iiclr-17591	2041	24	almost	almost	ADV
iiclr-17591	2041	25	inevitable.249	inevitable.249	NOUN
iiclr-17591	2041	26	(	(	PUNCT
iiclr-17591	2041	27	d	d	NOUN
iiclr-17591	2041	28	)	)	PUNCT
iiclr-17591	2041	29	recently	recently	ADV
iiclr-17591	2041	30	enacted	enact	VERB
iiclr-17591	2041	31	regulations	regulation	NOUN
iiclr-17591	2041	32	aim	aim	VERB
iiclr-17591	2041	33	at	at	ADP
iiclr-17591	2041	34	boosting	boost	VERB
iiclr-17591	2041	35	the	the	DET
iiclr-17591	2041	36	importance	importance	NOUN
iiclr-17591	2041	37	of	of	ADP
iiclr-17591	2041	38	the	the	DET
iiclr-17591	2041	39	stock	stock	NOUN
iiclr-17591	2041	40	market	market	NOUN
iiclr-17591	2041	41	by	by	ADP
iiclr-17591	2041	42	granting	grant	VERB
iiclr-17591	2041	43	exceptionally	exceptionally	ADV
iiclr-17591	2041	44	favorable	favorable	ADJ
iiclr-17591	2041	45	tax	tax	NOUN
iiclr-17591	2041	46	advantages	advantage	NOUN
iiclr-17591	2041	47	to	to	ADP
iiclr-17591	2041	48	companies	company	NOUN
iiclr-17591	2041	49	that	that	PRON
iiclr-17591	2041	50	choose	choose	VERB
iiclr-17591	2041	51	to	to	PART
iiclr-17591	2041	52	go	go	VERB
iiclr-17591	2041	53	public2	public2	NOUN
iiclr-17591	2041	54	"	"	PUNCT
iiclr-17591	2041	55	and	and	CCONJ
iiclr-17591	2041	56	by	by	ADP
iiclr-17591	2041	57	allowing	allow	VERB
iiclr-17591	2041	58	minor	minor	ADJ
iiclr-17591	2041	59	stock	stock	NOUN
iiclr-17591	2041	60	exchanges	exchange	NOUN
iiclr-17591	2041	61	to	to	PART
iiclr-17591	2041	62	be	be	AUX
iiclr-17591	2041	63	established	establish	VERB
iiclr-17591	2041	64	.	.	PUNCT
iiclr-17591	2041	65	'	'	PUNCT
iiclr-17591	2042	1	the	the	DET
iiclr-17591	2042	2	effects	effect	NOUN
iiclr-17591	2042	3	of	of	ADP
iiclr-17591	2042	4	both	both	PRON
iiclr-17591	2042	5	of	of	ADP
iiclr-17591	2042	6	these	these	DET
iiclr-17591	2042	7	interventions	intervention	NOUN
iiclr-17591	2042	8	can	can	AUX
iiclr-17591	2042	9	not	not	PART
iiclr-17591	2042	10	presently	presently	ADV
iiclr-17591	2042	11	be	be	AUX
iiclr-17591	2042	12	assessed	assess	VERB
iiclr-17591	2042	13	,	,	PUNCT
iiclr-17591	2042	14	but	but	CCONJ
iiclr-17591	2042	15	they	they	PRON
iiclr-17591	2042	16	are	be	AUX
iiclr-17591	2042	17	likely	likely	ADJ
iiclr-17591	2042	18	to	to	PART
iiclr-17591	2042	19	cause	cause	VERB
iiclr-17591	2042	20	an	an	DET
iiclr-17591	2042	21	increase	increase	NOUN
iiclr-17591	2042	22	in	in	ADP
iiclr-17591	2042	23	the	the	DET
iiclr-17591	2042	24	resort	resort	NOUN
iiclr-17591	2042	25	to	to	ADP
iiclr-17591	2042	26	public	public	ADJ
iiclr-17591	2042	27	capital	capital	NOUN
iiclr-17591	2042	28	markets	market	NOUN
iiclr-17591	2042	29	by	by	ADP
iiclr-17591	2042	30	firms	firm	NOUN
iiclr-17591	2042	31	of	of	ADP
iiclr-17591	2042	32	medium	medium	ADJ
iiclr-17591	2042	33	size	size	NOUN
iiclr-17591	2042	34	.	.	PUNCT
iiclr-17591	2043	1	m.	m.	NOUN
iiclr-17591	2043	2	the	the	DET
iiclr-17591	2043	3	need	need	NOUN
iiclr-17591	2043	4	to	to	PART
iiclr-17591	2043	5	reform	reform	VERB
iiclr-17591	2043	6	the	the	DET
iiclr-17591	2043	7	system	system	NOUN
iiclr-17591	2043	8	to	to	PART
iiclr-17591	2043	9	provide	provide	VERB
iiclr-17591	2043	10	strong	strong	ADJ
iiclr-17591	2043	11	minority	minority	NOUN
iiclr-17591	2043	12	monitoring	monitoring	NOUN
iiclr-17591	2043	13	.	.	PUNCT
iiclr-17591	2044	1	the	the	DET
iiclr-17591	2044	2	expected	expect	VERB
iiclr-17591	2044	3	increase	increase	NOUN
iiclr-17591	2044	4	in	in	ADP
iiclr-17591	2044	5	the	the	DET
iiclr-17591	2044	6	importance	importance	NOUN
iiclr-17591	2044	7	of	of	ADP
iiclr-17591	2044	8	banks	bank	NOUN
iiclr-17591	2044	9	and	and	CCONJ
iiclr-17591	2044	10	of	of	ADP
iiclr-17591	2044	11	the	the	DET
iiclr-17591	2044	12	public	public	ADJ
iiclr-17591	2044	13	stock	stock	NOUN
iiclr-17591	2044	14	market	market	NOUN
iiclr-17591	2044	15	urges	urge	VERB
iiclr-17591	2044	16	us	we	PRON
iiclr-17591	2044	17	to	to	PART
iiclr-17591	2044	18	rethink	rethink	VERB
iiclr-17591	2044	19	the	the	DET
iiclr-17591	2044	20	continuing	continue	VERB
iiclr-17591	2044	21	adequacy	adequacy	NOUN
iiclr-17591	2044	22	of	of	ADP
iiclr-17591	2044	23	the	the	DET
iiclr-17591	2044	24	present	present	ADJ
iiclr-17591	2044	25	legal	legal	ADJ
iiclr-17591	2044	26	framework	framework	NOUN
iiclr-17591	2044	27	of	of	ADP
iiclr-17591	2044	28	corporate	corporate	ADJ
iiclr-17591	2044	29	governance	governance	NOUN
iiclr-17591	2044	30	.	.	PUNCT
iiclr-17591	2045	1	bank	bank	NOUN
iiclr-17591	2045	2	ownership	ownership	NOUN
iiclr-17591	2045	3	and	and	CCONJ
iiclr-17591	2045	4	new	new	ADJ
iiclr-17591	2045	5	companies	company	NOUN
iiclr-17591	2045	6	that	that	PRON
iiclr-17591	2045	7	go	go	VERB
iiclr-17591	2045	8	public	public	ADJ
iiclr-17591	2045	9	mean	mean	VERB
iiclr-17591	2045	10	more	more	ADJ
iiclr-17591	2045	11	minority	minority	NOUN
iiclr-17591	2045	12	shareholders	shareholder	NOUN
iiclr-17591	2045	13	.	.	PUNCT
iiclr-17591	2046	1	an	an	DET
iiclr-17591	2046	2	efficient	efficient	ADJ
iiclr-17591	2046	3	system	system	NOUN
iiclr-17591	2046	4	requires	require	VERB
iiclr-17591	2046	5	them	they	PRON
iiclr-17591	2046	6	to	to	PART
iiclr-17591	2046	7	be	be	AUX
iiclr-17591	2046	8	protected	protect	VERB
iiclr-17591	2046	9	and	and	CCONJ
iiclr-17591	2046	10	encouraged	encourage	VERB
iiclr-17591	2046	11	to	to	PART
iiclr-17591	2046	12	invest	invest	VERB
iiclr-17591	2046	13	in	in	ADP
iiclr-17591	2046	14	the	the	DET
iiclr-17591	2046	15	firm.252	firm.252	NOUN
iiclr-17591	2046	16	the	the	DET
iiclr-17591	2046	17	"	"	PUNCT
iiclr-17591	2046	18	new	new	ADJ
iiclr-17591	2046	19	"	"	PUNCT
iiclr-17591	2046	20	generation	generation	NOUN
iiclr-17591	2046	21	of	of	ADP
iiclr-17591	2046	22	minority	minority	NOUN
iiclr-17591	2046	23	shareholders	shareholder	NOUN
iiclr-17591	2046	24	will	will	AUX
iiclr-17591	2046	25	probably	probably	ADV
iiclr-17591	2046	26	demand	demand	VERB
iiclr-17591	2046	27	more	more	ADJ
iiclr-17591	2046	28	than	than	ADP
iiclr-17591	2046	29	paternalistic	paternalistic	ADJ
iiclr-17591	2046	30	benevolence	benevolence	NOUN
iiclr-17591	2046	31	from	from	ADP
iiclr-17591	2046	32	majority	majority	NOUN
iiclr-17591	2046	33	owners	owner	NOUN
iiclr-17591	2046	34	.	.	PUNCT
iiclr-17591	2047	1	their	their	PRON
iiclr-17591	2047	2	ability	ability	NOUN
iiclr-17591	2047	3	to	to	PART
iiclr-17591	2047	4	nmnitor	nmnitor	NOUN
iiclr-17591	2047	5	and	and	CCONJ
iiclr-17591	2047	6	,	,	PUNCT
iiclr-17591	2047	7	if	if	SCONJ
iiclr-17591	2047	8	necessary	necessary	ADJ
iiclr-17591	2047	9	,	,	PUNCT
iiclr-17591	2047	10	to	to	PART
iiclr-17591	2047	11	intervene	intervene	VERB
iiclr-17591	2047	12	will	will	AUX
iiclr-17591	2047	13	be	be	AUX
iiclr-17591	2047	14	critical	critical	ADJ
iiclr-17591	2047	15	.	.	PUNCT
iiclr-17591	2048	1	although	although	SCONJ
iiclr-17591	2048	2	italian	italian	ADJ
iiclr-17591	2048	3	antitrust	antitrust	ADJ
iiclr-17591	2048	4	law	law	NOUN
iiclr-17591	2048	5	is	be	AUX
iiclr-17591	2048	6	very	very	ADV
iiclr-17591	2048	7	recent,2"3	recent,2"3	NOUN
iiclr-17591	2048	8	and	and	CCONJ
iiclr-17591	2048	9	antitrust	antitrust	ADJ
iiclr-17591	2048	10	culture	culture	NOUN
iiclr-17591	2048	11	,	,	PUNCT
iiclr-17591	2048	12	particularly	particularly	ADV
iiclr-17591	2048	13	among	among	ADP
iiclr-17591	2048	14	regulators	regulator	NOUN
iiclr-17591	2048	15	,	,	PUNCT
iiclr-17591	2048	16	is	be	AUX
iiclr-17591	2048	17	totally	totally	ADV
iiclr-17591	2048	18	absent	absent	ADJ
iiclr-17591	2048	19	,	,	PUNCT
iiclr-17591	2048	20	the	the	DET
iiclr-17591	2048	21	small	small	ADJ
iiclr-17591	2048	22	average	average	ADJ
iiclr-17591	2048	23	size	size	NOUN
iiclr-17591	2048	24	and	and	CCONJ
iiclr-17591	2048	25	the	the	DET
iiclr-17591	2048	26	economic	economic	ADJ
iiclr-17591	2048	27	environment	environment	NOUN
iiclr-17591	2048	28	provide	provide	VERB
iiclr-17591	2048	29	the	the	DET
iiclr-17591	2048	30	large	large	ADJ
iiclr-17591	2048	31	majority	majority	NOUN
iiclr-17591	2048	32	of	of	ADP
iiclr-17591	2048	33	firms	firm	NOUN
iiclr-17591	2048	34	with	with	ADP
iiclr-17591	2048	35	sufficient	sufficient	ADJ
iiclr-17591	2048	36	incentives	incentive	NOUN
iiclr-17591	2048	37	to	to	PART
iiclr-17591	2048	38	perform	perform	VERB
iiclr-17591	2048	39	well	well	ADV
iiclr-17591	2048	40	.	.	PUNCT
iiclr-17591	2049	1	1425	1425	NUM
iiclr-17591	2049	2	5	5	NUM
iiclr-17591	2049	3	even	even	ADV
iiclr-17591	2049	4	where	where	SCONJ
iiclr-17591	2049	5	it	it	PRON
iiclr-17591	2049	6	is	be	AUX
iiclr-17591	2049	7	competitive	competitive	ADJ
iiclr-17591	2049	8	and	and	CCONJ
iiclr-17591	2049	9	efficient	efficient	ADJ
iiclr-17591	2049	10	,	,	PUNCT
iiclr-17591	2049	11	249	249	NUM
iiclr-17591	2049	12	.	.	PUNCT
iiclr-17591	2050	1	private	private	ADJ
iiclr-17591	2050	2	pension	pension	NOUN
iiclr-17591	2050	3	funds	fund	NOUN
iiclr-17591	2050	4	have	have	AUX
iiclr-17591	2050	5	been	be	AUX
iiclr-17591	2050	6	regulated	regulate	VERB
iiclr-17591	2050	7	by	by	ADP
iiclr-17591	2050	8	the	the	DET
iiclr-17591	2050	9	legislative	legislative	ADJ
iiclr-17591	2050	10	decree	decree	NOUN
iiclr-17591	2050	11	of	of	ADP
iiclr-17591	2050	12	apr	apr	PROPN
iiclr-17591	2050	13	.	.	PROPN
iiclr-17591	2050	14	21	21	NUM
iiclr-17591	2050	15	,	,	PUNCT
iiclr-17591	2050	16	1993	1993	NUM
iiclr-17591	2050	17	,	,	PUNCT
iiclr-17591	2050	18	no	no	INTJ
iiclr-17591	2050	19	.	.	NOUN
iiclr-17591	2050	20	124	124	NUM
iiclr-17591	2050	21	.	.	PUNCT
iiclr-17591	2051	1	their	their	PRON
iiclr-17591	2051	2	importance	importance	NOUN
iiclr-17591	2051	3	seems	seem	VERB
iiclr-17591	2051	4	to	to	PART
iiclr-17591	2051	5	have	have	AUX
iiclr-17591	2051	6	been	be	AUX
iiclr-17591	2051	7	boosted	boost	VERB
iiclr-17591	2051	8	by	by	ADP
iiclr-17591	2051	9	the	the	DET
iiclr-17591	2051	10	general	general	ADJ
iiclr-17591	2051	11	reform	reform	NOUN
iiclr-17591	2051	12	implemented	implement	VERB
iiclr-17591	2051	13	with	with	ADP
iiclr-17591	2051	14	law	law	NOUN
iiclr-17591	2051	15	of	of	ADP
iiclr-17591	2051	16	aug	aug	PROPN
iiclr-17591	2051	17	.	.	PROPN
iiclr-17591	2051	18	8	8	NUM
iiclr-17591	2051	19	,	,	PUNCT
iiclr-17591	2051	20	1995	1995	NUM
iiclr-17591	2051	21	,	,	PUNCT
iiclr-17591	2051	22	no	no	INTJ
iiclr-17591	2051	23	.	.	NOUN
iiclr-17591	2051	24	335	335	NUM
iiclr-17591	2051	25	.	.	PUNCT
iiclr-17591	2052	1	accurate	accurate	ADJ
iiclr-17591	2052	2	forecasts	forecast	NOUN
iiclr-17591	2052	3	about	about	ADP
iiclr-17591	2052	4	their	their	PRON
iiclr-17591	2052	5	future	future	ADJ
iiclr-17591	2052	6	role	role	NOUN
iiclr-17591	2052	7	,	,	PUNCT
iiclr-17591	2052	8	however	however	ADV
iiclr-17591	2052	9	,	,	PUNCT
iiclr-17591	2052	10	are	be	AUX
iiclr-17591	2052	11	not	not	PART
iiclr-17591	2052	12	possible	possible	ADJ
iiclr-17591	2052	13	yet	yet	ADV
iiclr-17591	2052	14	.	.	PUNCT
iiclr-17591	2053	1	250	250	NUM
iiclr-17591	2053	2	.	.	PUNCT
iiclr-17591	2054	1	see	see	VERB
iiclr-17591	2054	2	supra	supra	PROPN
iiclr-17591	2054	3	notes	note	NOUN
iiclr-17591	2054	4	24	24	NUM
iiclr-17591	2054	5	and	and	CCONJ
iiclr-17591	2054	6	194	194	NUM
iiclr-17591	2054	7	,	,	PUNCT
iiclr-17591	2054	8	for	for	ADP
iiclr-17591	2054	9	tax	tax	NOUN
iiclr-17591	2054	10	breaks	break	NOUN
iiclr-17591	2054	11	and	and	CCONJ
iiclr-17591	2054	12	advantages	advantage	NOUN
iiclr-17591	2054	13	allowed	allow	VERB
iiclr-17591	2054	14	by	by	ADP
iiclr-17591	2054	15	art	art	NOUN
iiclr-17591	2054	16	.	.	PUNCT
iiclr-17591	2055	1	4	4	NUM
iiclr-17591	2055	2	,	,	PUNCT
iiclr-17591	2055	3	5	5	NUM
iiclr-17591	2055	4	,	,	PUNCT
iiclr-17591	2055	5	law	law	NOUN
iiclr-17591	2055	6	of	of	ADP
iiclr-17591	2055	7	aug	aug	PROPN
iiclr-17591	2055	8	.	.	PROPN
iiclr-17591	2055	9	8	8	NUM
iiclr-17591	2055	10	,	,	PUNCT
iiclr-17591	2055	11	1994	1994	NUM
iiclr-17591	2055	12	,	,	PUNCT
iiclr-17591	2055	13	no	no	INTJ
iiclr-17591	2055	14	.	.	NOUN
iiclr-17591	2055	15	489	489	NUM
iiclr-17591	2055	16	.	.	PUNCT
iiclr-17591	2056	1	for	for	ADP
iiclr-17591	2056	2	a	a	DET
iiclr-17591	2056	3	comment	comment	NOUN
iiclr-17591	2056	4	about	about	ADP
iiclr-17591	2056	5	the	the	DET
iiclr-17591	2056	6	opportunities	opportunity	NOUN
iiclr-17591	2056	7	offered	offer	VERB
iiclr-17591	2056	8	by	by	ADP
iiclr-17591	2056	9	these	these	DET
iiclr-17591	2056	10	incentives	incentive	NOUN
iiclr-17591	2056	11	see	see	VERB
iiclr-17591	2056	12	attilio	attilio	PROPN
iiclr-17591	2056	13	ventura	ventura	PROPN
iiclr-17591	2056	14	,	,	PUNCT
iiclr-17591	2056	15	la	la	PROPN
iiclr-17591	2056	16	borsa	borsa	PROPN
iiclr-17591	2056	17	si	si	PROPN
iiclr-17591	2056	18	a	a	DET
iiclr-17591	2056	19	modernizzata	modernizzata	PROPN
iiclr-17591	2056	20	ma	ma	PROPN
iiclr-17591	2056	21	l'impresa	l'impresa	PROPN
iiclr-17591	2056	22	resta	resta	PROPN
iiclr-17591	2056	23	lontana	lontana	PROPN
iiclr-17591	2056	24	,	,	PUNCT
iiclr-17591	2056	25	in	in	ADP
iiclr-17591	2056	26	borsa	borsa	PROPN
iiclr-17591	2056	27	.	.	PUNCT
iiclr-17591	2057	1	guida	guida	PROPN
iiclr-17591	2057	2	alla	alla	PROPN
iiclr-17591	2057	3	quotazione	quotazione	PROPN
iiclr-17591	2057	4	,	,	PUNCT
iiclr-17591	2057	5	supra	supra	PROPN
iiclr-17591	2057	6	note	note	PROPN
iiclr-17591	2057	7	201	201	NUM
iiclr-17591	2057	8	,	,	PUNCT
iiclr-17591	2057	9	at	at	ADP
iiclr-17591	2057	10	2	2	NUM
iiclr-17591	2057	11	.	.	PUNCT
iiclr-17591	2057	12	251	251	NUM
iiclr-17591	2057	13	.	.	PUNCT
iiclr-17591	2058	1	consob	consob	PROPN
iiclr-17591	2058	2	regulation	regulation	NOUN
iiclr-17591	2058	3	adopted	adopt	VERB
iiclr-17591	2058	4	on	on	ADP
iiclr-17591	2058	5	sept	sept	PROPN
iiclr-17591	2058	6	.	.	PROPN
iiclr-17591	2058	7	30	30	NUM
iiclr-17591	2058	8	,	,	PUNCT
iiclr-17591	2058	9	1994	1994	NUM
iiclr-17591	2058	10	,	,	PUNCT
iiclr-17591	2058	11	no	no	NOUN
iiclr-17591	2058	12	.	.	NOUN
iiclr-17591	2058	13	8469	8469	NUM
iiclr-17591	2058	14	(	(	PUNCT
iiclr-17591	2058	15	supra	supra	PROPN
iiclr-17591	2058	16	note	note	NOUN
iiclr-17591	2058	17	22	22	NUM
iiclr-17591	2058	18	)	)	PUNCT
iiclr-17591	2058	19	.	.	PUNCT
iiclr-17591	2059	1	252	252	NUM
iiclr-17591	2059	2	.	.	PUNCT
iiclr-17591	2060	1	it	it	PRON
iiclr-17591	2060	2	is	be	AUX
iiclr-17591	2060	3	foreseeable	foreseeable	ADJ
iiclr-17591	2060	4	that	that	SCONJ
iiclr-17591	2060	5	a	a	DET
iiclr-17591	2060	6	higher	high	ADJ
iiclr-17591	2060	7	level	level	NOUN
iiclr-17591	2060	8	of	of	ADP
iiclr-17591	2060	9	investment	investment	NOUN
iiclr-17591	2060	10	in	in	ADP
iiclr-17591	2060	11	equity	equity	NOUN
iiclr-17591	2060	12	,	,	PUNCT
iiclr-17591	2060	13	especially	especially	ADV
iiclr-17591	2060	14	by	by	ADP
iiclr-17591	2060	15	powerful	powerful	ADJ
iiclr-17591	2060	16	business	business	NOUN
iiclr-17591	2060	17	groups	group	NOUN
iiclr-17591	2060	18	like	like	ADP
iiclr-17591	2060	19	banks	bank	NOUN
iiclr-17591	2060	20	,	,	PUNCT
iiclr-17591	2060	21	will	will	AUX
iiclr-17591	2060	22	create	create	VERB
iiclr-17591	2060	23	political	political	ADJ
iiclr-17591	2060	24	pressure	pressure	NOUN
iiclr-17591	2060	25	to	to	PART
iiclr-17591	2060	26	reduce	reduce	VERB
iiclr-17591	2060	27	or	or	CCONJ
iiclr-17591	2060	28	eliminate	eliminate	VERB
iiclr-17591	2060	29	the	the	DET
iiclr-17591	2060	30	present	present	ADJ
iiclr-17591	2060	31	tax	tax	NOUN
iiclr-17591	2060	32	disparity	disparity	NOUN
iiclr-17591	2060	33	between	between	ADP
iiclr-17591	2060	34	debt	debt	NOUN
iiclr-17591	2060	35	and	and	CCONJ
iiclr-17591	2060	36	equity	equity	NOUN
iiclr-17591	2060	37	.	.	PUNCT
iiclr-17591	2061	1	253	253	NUM
iiclr-17591	2061	2	.	.	PUNCT
iiclr-17591	2062	1	law	law	NOUN
iiclr-17591	2062	2	of	of	ADP
iiclr-17591	2062	3	oct	oct	PROPN
iiclr-17591	2062	4	.	.	PROPN
iiclr-17591	2062	5	10	10	NUM
iiclr-17591	2062	6	,	,	PUNCT
iiclr-17591	2062	7	1990	1990	NUM
iiclr-17591	2062	8	,	,	PUNCT
iiclr-17591	2062	9	no	no	INTJ
iiclr-17591	2062	10	.	.	NOUN
iiclr-17591	2062	11	287	287	NUM
iiclr-17591	2062	12	,	,	PUNCT
iiclr-17591	2062	13	almost	almost	ADV
iiclr-17591	2062	14	literally	literally	ADV
iiclr-17591	2062	15	modeled	model	VERB
iiclr-17591	2062	16	after	after	ADP
iiclr-17591	2062	17	the	the	DET
iiclr-17591	2062	18	antitrust	antitrust	ADJ
iiclr-17591	2062	19	law	law	NOUN
iiclr-17591	2062	20	of	of	ADP
iiclr-17591	2062	21	the	the	DET
iiclr-17591	2062	22	european	european	PROPN
iiclr-17591	2062	23	union	union	PROPN
iiclr-17591	2062	24	(	(	PUNCT
iiclr-17591	2062	25	art	art	NOUN
iiclr-17591	2062	26	.	.	PUNCT
iiclr-17591	2063	1	85	85	NUM
iiclr-17591	2063	2	,	,	PUNCT
iiclr-17591	2063	3	86	86	NUM
iiclr-17591	2063	4	treaty	treaty	NOUN
iiclr-17591	2063	5	of	of	ADP
iiclr-17591	2063	6	rome	rome	PROPN
iiclr-17591	2063	7	,	,	PUNCT
iiclr-17591	2063	8	regulation	regulation	NOUN
iiclr-17591	2063	9	no	no	NOUN
iiclr-17591	2063	10	.	.	NOUN
iiclr-17591	2063	11	4064	4064	NUM
iiclr-17591	2063	12	of	of	ADP
iiclr-17591	2063	13	dec	dec	PROPN
iiclr-17591	2063	14	.	.	PROPN
iiclr-17591	2063	15	21	21	NUM
iiclr-17591	2063	16	,	,	PUNCT
iiclr-17591	2063	17	1989	1989	NUM
iiclr-17591	2063	18	)	)	PUNCT
iiclr-17591	2063	19	.	.	PUNCT
iiclr-17591	2064	1	254	254	NUM
iiclr-17591	2064	2	.	.	PUNCT
iiclr-17591	2065	1	due	due	ADP
iiclr-17591	2065	2	to	to	ADP
iiclr-17591	2065	3	the	the	DET
iiclr-17591	2065	4	small	small	ADJ
iiclr-17591	2065	5	average	average	ADJ
iiclr-17591	2065	6	firm	firm	ADJ
iiclr-17591	2065	7	size	size	NOUN
iiclr-17591	2065	8	,	,	PUNCT
iiclr-17591	2065	9	most	most	ADJ
iiclr-17591	2065	10	italian	italian	ADJ
iiclr-17591	2065	11	product	product	NOUN
iiclr-17591	2065	12	markets	market	NOUN
iiclr-17591	2065	13	are	be	AUX
iiclr-17591	2065	14	extremely	extremely	ADV
iiclr-17591	2065	15	fragmented	fragmented	ADJ
iiclr-17591	2065	16	.	.	PUNCT
iiclr-17591	2066	1	italian	italian	ADJ
iiclr-17591	2066	2	firms	firm	NOUN
iiclr-17591	2066	3	are	be	AUX
iiclr-17591	2066	4	exposed	expose	VERB
iiclr-17591	2066	5	to	to	ADP
iiclr-17591	2066	6	foreign	foreign	ADJ
iiclr-17591	2066	7	competition	competition	NOUN
iiclr-17591	2066	8	,	,	PUNCT
iiclr-17591	2066	9	which	which	PRON
iiclr-17591	2066	10	mainly	mainly	ADV
iiclr-17591	2066	11	comes	come	VERB
iiclr-17591	2066	12	from	from	ADP
iiclr-17591	2066	13	the	the	DET
iiclr-17591	2066	14	european	european	ADJ
iiclr-17591	2066	15	market	market	NOUN
iiclr-17591	2066	16	,	,	PUNCT
iiclr-17591	2066	17	and	and	CCONJ
iiclr-17591	2066	18	they	they	PRON
iiclr-17591	2066	19	compete	compete	VERB
iiclr-17591	2066	20	abroad	abroad	ADV
iiclr-17591	2066	21	.	.	PUNCT
iiclr-17591	2067	1	in	in	ADP
iiclr-17591	2067	2	recent	recent	ADJ
iiclr-17591	2067	3	years	year	NOUN
iiclr-17591	2067	4	also	also	ADV
iiclr-17591	2067	5	thanks	thank	NOUN
iiclr-17591	2067	6	to	to	ADP
iiclr-17591	2067	7	the	the	DET
iiclr-17591	2067	8	devaluation	devaluation	NOUN
iiclr-17591	2067	9	of	of	ADP
iiclr-17591	2067	10	its	its	PRON
iiclr-17591	2067	11	currency	currency	NOUN
iiclr-17591	2067	12	italy	italy	PROPN
iiclr-17591	2067	13	has	have	AUX
iiclr-17591	2067	14	been	be	AUX
iiclr-17591	2067	15	consistently	consistently	ADV
iiclr-17591	2067	16	running	run	VERB
iiclr-17591	2067	17	a	a	DET
iiclr-17591	2067	18	large	large	ADJ
iiclr-17591	2067	19	commercial	commercial	ADJ
iiclr-17591	2067	20	surplus	surplus	NOUN
iiclr-17591	2067	21	.	.	PUNCT
iiclr-17591	2068	1	255	255	NUM
iiclr-17591	2068	2	.	.	PUNCT
iiclr-17591	2069	1	the	the	DET
iiclr-17591	2069	2	opinion	opinion	NOUN
iiclr-17591	2069	3	expressed	express	VERB
iiclr-17591	2069	4	in	in	ADP
iiclr-17591	2069	5	competition	competition	NOUN
iiclr-17591	2069	6	in	in	ADP
iiclr-17591	2069	7	italy	italy	PROPN
iiclr-17591	2069	8	.	.	PUNCT
iiclr-17591	2070	1	call	call	VERB
iiclr-17591	2070	2	it	it	PRON
iiclr-17591	2070	3	authority	authority	NOUN
iiclr-17591	2070	4	?	?	PUNCT
iiclr-17591	2071	1	,	,	PUNCT
iiclr-17591	2071	2	the	the	DET
iiclr-17591	2071	3	economist	economist	NOUN
iiclr-17591	2071	4	,	,	PUNCT
iiclr-17591	2071	5	apr	apr	PROPN
iiclr-17591	2071	6	.	.	PROPN
iiclr-17591	2071	7	8	8	NUM
iiclr-17591	2071	8	,	,	PUNCT
iiclr-17591	2071	9	1995	1995	NUM
iiclr-17591	2071	10	,	,	PUNCT
iiclr-17591	2071	11	at	at	ADP
iiclr-17591	2071	12	60	60	NUM
iiclr-17591	2071	13	,	,	PUNCT
iiclr-17591	2071	14	is	be	AUX
iiclr-17591	2071	15	notjustified	notjustifie	VERB
iiclr-17591	2071	16	.	.	PUNCT
iiclr-17591	2072	1	acknowledging	acknowledge	VERB
iiclr-17591	2072	2	the	the	DET
iiclr-17591	2072	3	work	work	NOUN
iiclr-17591	2072	4	done	do	VERB
iiclr-17591	2072	5	so	so	ADV
iiclr-17591	2072	6	far	far	ADV
iiclr-17591	2072	7	by	by	ADP
iiclr-17591	2072	8	the	the	DET
iiclr-17591	2072	9	autorita	autorita	PROPN
iiclr-17591	2072	10	garante	garante	PROPN
iiclr-17591	2072	11	della	della	PROPN
iiclr-17591	2072	12	concorrenza	concorrenza	PROPN
iiclr-17591	2072	13	e	e	X
iiclr-17591	2072	14	del	del	X
iiclr-17591	2072	15	mercato	mercato	PROPN
iiclr-17591	2072	16	[	[	X
iiclr-17591	2072	17	italian	italian	ADJ
iiclr-17591	2072	18	antitrust	antitrust	ADJ
iiclr-17591	2072	19	commission	commission	NOUN
iiclr-17591	2072	20	]	]	PUNCT
iiclr-17591	2072	21	,	,	PUNCT
iiclr-17591	2072	22	the	the	DET
iiclr-17591	2072	23	article	article	NOUN
iiclr-17591	2072	24	goes	go	VERB
iiclr-17591	2072	25	on	on	ADP
iiclr-17591	2072	26	to	to	PART
iiclr-17591	2072	27	say	say	VERB
iiclr-17591	2072	28	:	:	PUNCT
iiclr-17591	2072	29	"	"	PUNCT
iiclr-17591	2072	30	the	the	DET
iiclr-17591	2072	31	19951	19951	NUM
iiclr-17591	2072	32	ind	ind	NOUN
iiclr-17591	2072	33	.	.	PUNCT
iiclr-17591	2073	1	int'l	int'l	PROPN
iiclr-17591	2073	2	&	&	CCONJ
iiclr-17591	2073	3	comp	comp	PROPN
iiclr-17591	2073	4	.	.	PUNCT
iiclr-17591	2074	1	l	l	PROPN
iiclr-17591	2074	2	rev	rev	PROPN
iiclr-17591	2074	3	.	.	PUNCT
iiclr-17591	2075	1	however	however	ADV
iiclr-17591	2075	2	,	,	PUNCT
iiclr-17591	2075	3	product	product	NOUN
iiclr-17591	2075	4	market	market	NOUN
iiclr-17591	2075	5	monitoring	monitoring	NOUN
iiclr-17591	2075	6	is	be	AUX
iiclr-17591	2075	7	not	not	PART
iiclr-17591	2075	8	enough	enough	ADJ
iiclr-17591	2075	9	,	,	PUNCT
iiclr-17591	2075	10	as	as	SCONJ
iiclr-17591	2075	11	its	its	PRON
iiclr-17591	2075	12	mechanisms	mechanism	NOUN
iiclr-17591	2075	13	sometimes	sometimes	ADV
iiclr-17591	2075	14	work	work	VERB
iiclr-17591	2075	15	too	too	ADV
iiclr-17591	2075	16	late	late	ADV
iiclr-17591	2075	17	and	and	CCONJ
iiclr-17591	2075	18	are	be	AUX
iiclr-17591	2075	19	too	too	ADV
iiclr-17591	2075	20	costly	costly	ADJ
iiclr-17591	2075	21	.	.	PUNCT
iiclr-17591	2076	1	"	"	PUNCT
iiclr-17591	2076	2	society	society	NOUN
iiclr-17591	2076	3	wins	win	VERB
iiclr-17591	2076	4	if	if	SCONJ
iiclr-17591	2076	5	[	[	X
iiclr-17591	2076	6	corporate	corporate	ADJ
iiclr-17591	2076	7	]	]	X
iiclr-17591	2076	8	governance	governance	NOUN
iiclr-17591	2076	9	works	work	NOUN
iiclr-17591	2076	10	.	.	PUNCT
iiclr-17591	2077	1	"	"	PUNCT
iiclr-17591	2077	2	'	'	PUNCT
iiclr-17591	2077	3	6	6	NUM
iiclr-17591	2077	4	in	in	ADP
iiclr-17591	2077	5	this	this	DET
iiclr-17591	2077	6	respect	respect	NOUN
iiclr-17591	2077	7	,	,	PUNCT
iiclr-17591	2077	8	italy	italy	PROPN
iiclr-17591	2077	9	stands	stand	VERB
iiclr-17591	2077	10	only	only	ADV
iiclr-17591	2077	11	on	on	ADP
iiclr-17591	2077	12	one	one	NUM
iiclr-17591	2077	13	leg	leg	NOUN
iiclr-17591	2077	14	:	:	PUNCT
iiclr-17591	2077	15	the	the	DET
iiclr-17591	2077	16	incentives	incentive	NOUN
iiclr-17591	2077	17	and	and	CCONJ
iiclr-17591	2077	18	the	the	DET
iiclr-17591	2077	19	self	self	NOUN
iiclr-17591	2077	20	-	-	PUNCT
iiclr-17591	2077	21	discipline	discipline	NOUN
iiclr-17591	2077	22	of	of	ADP
iiclr-17591	2077	23	large	large	ADJ
iiclr-17591	2077	24	shareholders	shareholder	NOUN
iiclr-17591	2077	25	.	.	PUNCT
iiclr-17591	2078	1	other	other	ADJ
iiclr-17591	2078	2	forms	form	NOUN
iiclr-17591	2078	3	of	of	ADP
iiclr-17591	2078	4	control	control	NOUN
iiclr-17591	2078	5	over	over	ADP
iiclr-17591	2078	6	the	the	DET
iiclr-17591	2078	7	performance	performance	NOUN
iiclr-17591	2078	8	of	of	ADP
iiclr-17591	2078	9	the	the	DET
iiclr-17591	2078	10	company	company	NOUN
iiclr-17591	2078	11	and	and	CCONJ
iiclr-17591	2078	12	its	its	PRON
iiclr-17591	2078	13	management	management	NOUN
iiclr-17591	2078	14	are	be	AUX
iiclr-17591	2078	15	not	not	PART
iiclr-17591	2078	16	completely	completely	ADV
iiclr-17591	2078	17	effective	effective	ADJ
iiclr-17591	2078	18	"	"	PUNCT
iiclr-17591	2078	19	7	7	NUM
iiclr-17591	2078	20	or	or	CCONJ
iiclr-17591	2078	21	are	be	AUX
iiclr-17591	2078	22	totally	totally	ADV
iiclr-17591	2078	23	absent	absent	ADJ
iiclr-17591	2078	24	.	.	PUNCT
iiclr-17591	2079	1	258	258	NUM
iiclr-17591	2079	2	the	the	DET
iiclr-17591	2079	3	restriction	restriction	NOUN
iiclr-17591	2079	4	on	on	ADP
iiclr-17591	2079	5	shareholders	shareholder	NOUN
iiclr-17591	2079	6	'	'	PART
iiclr-17591	2079	7	suits	suit	NOUN
iiclr-17591	2079	8	comes	come	VERB
iiclr-17591	2079	9	from	from	ADP
iiclr-17591	2079	10	a	a	DET
iiclr-17591	2079	11	civil	civil	ADJ
iiclr-17591	2079	12	code	code	NOUN
iiclr-17591	2079	13	that	that	PRON
iiclr-17591	2079	14	openly	openly	ADV
iiclr-17591	2079	15	favored	favor	VERB
iiclr-17591	2079	16	entrepreneurs	entrepreneur	NOUN
iiclr-17591	2079	17	,	,	PUNCT
iiclr-17591	2079	18	although	although	SCONJ
iiclr-17591	2079	19	as	as	SCONJ
iiclr-17591	2079	20	instruments	instrument	NOUN
iiclr-17591	2079	21	of	of	ADP
iiclr-17591	2079	22	public	public	ADJ
iiclr-17591	2079	23	policy.2	policy.2	PROPN
iiclr-17591	2079	24	9	9	NUM
iiclr-17591	2079	25	they	they	PRON
iiclr-17591	2079	26	are	be	AUX
iiclr-17591	2079	27	not	not	PART
iiclr-17591	2079	28	anymore	anymore	ADV
iiclr-17591	2079	29	,	,	PUNCT
iiclr-17591	2079	30	and	and	CCONJ
iiclr-17591	2079	31	they	they	PRON
iiclr-17591	2079	32	are	be	AUX
iiclr-17591	2079	33	now	now	ADV
iiclr-17591	2079	34	completely	completely	ADV
iiclr-17591	2079	35	free	free	ADJ
iiclr-17591	2079	36	to	to	PART
iiclr-17591	2079	37	make	make	VERB
iiclr-17591	2079	38	their	their	PRON
iiclr-17591	2079	39	own	own	ADJ
iiclr-17591	2079	40	choices	choice	NOUN
iiclr-17591	2079	41	,	,	PUNCT
iiclr-17591	2079	42	for	for	ADP
iiclr-17591	2079	43	which	which	PRON
iiclr-17591	2079	44	they	they	PRON
iiclr-17591	2079	45	must	must	AUX
iiclr-17591	2079	46	accept	accept	VERB
iiclr-17591	2079	47	full	full	ADJ
iiclr-17591	2079	48	responsibility	responsibility	NOUN
iiclr-17591	2079	49	.	.	PUNCT
iiclr-17591	2080	1	the	the	DET
iiclr-17591	2080	2	rule	rule	NOUN
iiclr-17591	2080	3	that	that	PRON
iiclr-17591	2080	4	prohibits	prohibit	VERB
iiclr-17591	2080	5	shareholders	shareholder	NOUN
iiclr-17591	2080	6	'	'	PART
iiclr-17591	2080	7	suits	suit	NOUN
iiclr-17591	2080	8	(	(	PUNCT
iiclr-17591	2080	9	civil	civil	ADJ
iiclr-17591	2080	10	code	code	NOUN
iiclr-17591	2080	11	art	art	NOUN
iiclr-17591	2080	12	.	.	PUNCT
iiclr-17591	2081	1	2393	2393	NUM
iiclr-17591	2081	2	(	(	PUNCT
iiclr-17591	2081	3	italy	italy	PROPN
iiclr-17591	2081	4	)	)	PUNCT
iiclr-17591	2081	5	)	)	PUNCT
iiclr-17591	2081	6	has	have	AUX
iiclr-17591	2081	7	probably	probably	ADV
iiclr-17591	2081	8	limited	limit	VERB
iiclr-17591	2081	9	minority	minority	NOUN
iiclr-17591	2081	10	investments	investment	NOUN
iiclr-17591	2081	11	until	until	ADP
iiclr-17591	2081	12	today	today	NOUN
iiclr-17591	2081	13	.	.	PUNCT
iiclr-17591	2082	1	part	part	NOUN
iiclr-17591	2082	2	v	v	NOUN
iiclr-17591	2082	3	offers	offer	VERB
iiclr-17591	2082	4	a	a	DET
iiclr-17591	2082	5	valuation	valuation	NOUN
iiclr-17591	2082	6	of	of	ADP
iiclr-17591	2082	7	the	the	DET
iiclr-17591	2082	8	present	present	ADJ
iiclr-17591	2082	9	impact	impact	NOUN
iiclr-17591	2082	10	of	of	ADP
iiclr-17591	2082	11	such	such	ADJ
iiclr-17591	2082	12	rule	rule	NOUN
iiclr-17591	2082	13	on	on	ADP
iiclr-17591	2082	14	corporate	corporate	ADJ
iiclr-17591	2082	15	governance	governance	NOUN
iiclr-17591	2082	16	,	,	PUNCT
iiclr-17591	2082	17	and	and	CCONJ
iiclr-17591	2082	18	the	the	DET
iiclr-17591	2082	19	conclusion	conclusion	NOUN
iiclr-17591	2082	20	is	be	AUX
iiclr-17591	2082	21	that	that	SCONJ
iiclr-17591	2082	22	it	it	PRON
iiclr-17591	2082	23	effectively	effectively	ADV
iiclr-17591	2082	24	compresses	compress	VERB
iiclr-17591	2082	25	the	the	DET
iiclr-17591	2082	26	powers	power	NOUN
iiclr-17591	2082	27	of	of	ADP
iiclr-17591	2082	28	minority	minority	NOUN
iiclr-17591	2082	29	shareholders	shareholder	NOUN
iiclr-17591	2082	30	.	.	PUNCT
iiclr-17591	2083	1	this	this	PRON
iiclr-17591	2083	2	may	may	AUX
iiclr-17591	2083	3	have	have	AUX
iiclr-17591	2083	4	been	be	AUX
iiclr-17591	2083	5	costly	costly	ADJ
iiclr-17591	2083	6	,	,	PUNCT
iiclr-17591	2083	7	but	but	CCONJ
iiclr-17591	2083	8	it	it	PRON
iiclr-17591	2083	9	may	may	AUX
iiclr-17591	2083	10	be	be	AUX
iiclr-17591	2083	11	much	much	ADV
iiclr-17591	2083	12	more	more	ADV
iiclr-17591	2083	13	so	so	ADV
iiclr-17591	2083	14	in	in	ADP
iiclr-17591	2083	15	the	the	DET
iiclr-17591	2083	16	future	future	NOUN
iiclr-17591	2083	17	:	:	PUNCT
iiclr-17591	2083	18	deterring	deter	VERB
iiclr-17591	2083	19	investments	investment	NOUN
iiclr-17591	2083	20	by	by	ADP
iiclr-17591	2083	21	banks	bank	NOUN
iiclr-17591	2083	22	or	or	CCONJ
iiclr-17591	2083	23	by	by	ADP
iiclr-17591	2083	24	other	other	ADJ
iiclr-17591	2083	25	institutional	institutional	ADJ
iiclr-17591	2083	26	investors	investor	NOUN
iiclr-17591	2083	27	,	,	PUNCT
iiclr-17591	2083	28	and	and	CCONJ
iiclr-17591	2083	29	deterring	deter	VERB
iiclr-17591	2083	30	minority	minority	NOUN
iiclr-17591	2083	31	investments	investment	NOUN
iiclr-17591	2083	32	autorita	autorita	NOUN
iiclr-17591	2083	33	is	be	AUX
iiclr-17591	2083	34	less	less	ADJ
iiclr-17591	2083	35	than	than	ADP
iiclr-17591	2083	36	four	four	NUM
iiclr-17591	2083	37	years	year	NOUN
iiclr-17591	2083	38	old	old	ADJ
iiclr-17591	2083	39	and	and	CCONJ
iiclr-17591	2083	40	operates	operate	VERB
iiclr-17591	2083	41	in	in	ADP
iiclr-17591	2083	42	a	a	DET
iiclr-17591	2083	43	country	country	NOUN
iiclr-17591	2083	44	where	where	SCONJ
iiclr-17591	2083	45	competition	competition	NOUN
iiclr-17591	2083	46	is	be	AUX
iiclr-17591	2083	47	often	often	ADV
iiclr-17591	2083	48	frowned	frown	VERB
iiclr-17591	2083	49	upon	upon	SCONJ
iiclr-17591	2083	50	.	.	PUNCT
iiclr-17591	2084	1	more	more	ADJ
iiclr-17591	2084	2	than	than	ADP
iiclr-17591	2084	3	anywhere	anywhere	ADV
iiclr-17591	2084	4	else	else	ADV
iiclr-17591	2084	5	outside	outside	ADP
iiclr-17591	2084	6	asia	asia	PROPN
iiclr-17591	2084	7	,	,	PUNCT
iiclr-17591	2084	8	italian	italian	ADJ
iiclr-17591	2084	9	business	business	NOUN
iiclr-17591	2084	10	is	be	AUX
iiclr-17591	2084	11	built	build	VERB
iiclr-17591	2084	12	around	around	ADP
iiclr-17591	2084	13	dynastic	dynastic	ADJ
iiclr-17591	2084	14	alliances	alliance	NOUN
iiclr-17591	2084	15	.	.	PUNCT
iiclr-17591	2085	1	family	family	NOUN
iiclr-17591	2085	2	empires	empire	NOUN
iiclr-17591	2085	3	,	,	PUNCT
iiclr-17591	2085	4	such	such	ADJ
iiclr-17591	2085	5	as	as	ADP
iiclr-17591	2085	6	fiat	fiat	NOUN
iiclr-17591	2085	7	or	or	CCONJ
iiclr-17591	2085	8	olivetti	olivetti	PROPN
iiclr-17591	2085	9	,	,	PUNCT
iiclr-17591	2085	10	do	do	AUX
iiclr-17591	2085	11	not	not	PART
iiclr-17591	2085	12	necessarily	necessarily	ADV
iiclr-17591	2085	13	share	share	VERB
iiclr-17591	2085	14	consumers	consumer	NOUN
iiclr-17591	2085	15	'	'	PART
iiclr-17591	2085	16	enthusiasm	enthusiasm	NOUN
iiclr-17591	2085	17	for	for	ADP
iiclr-17591	2085	18	letting	let	VERB
iiclr-17591	2085	19	more	more	ADJ
iiclr-17591	2085	20	foreign	foreign	ADJ
iiclr-17591	2085	21	cars	car	NOUN
iiclr-17591	2085	22	or	or	CCONJ
iiclr-17591	2085	23	computers	computer	NOUN
iiclr-17591	2085	24	into	into	ADP
iiclr-17591	2085	25	italy	italy	PROPN
iiclr-17591	2085	26	.	.	PUNCT
iiclr-17591	2085	27	"	"	PUNCT
iiclr-17591	2086	1	i	i	PRON
iiclr-17591	2086	2	d.	d.	PROPN
iiclr-17591	2086	3	here	here	ADV
iiclr-17591	2086	4	,	,	PUNCT
iiclr-17591	2086	5	rhetoric	rhetoric	NOUN
iiclr-17591	2086	6	prevails	prevail	VERB
iiclr-17591	2086	7	over	over	ADP
iiclr-17591	2086	8	logic	logic	NOUN
iiclr-17591	2086	9	.	.	PUNCT
iiclr-17591	2087	1	first	first	ADV
iiclr-17591	2087	2	,	,	PUNCT
iiclr-17591	2087	3	there	there	PRON
iiclr-17591	2087	4	is	be	VERB
iiclr-17591	2087	5	a	a	DET
iiclr-17591	2087	6	reasoning	reasoning	NOUN
iiclr-17591	2087	7	gap	gap	NOUN
iiclr-17591	2087	8	between	between	ADP
iiclr-17591	2087	9	the	the	DET
iiclr-17591	2087	10	article	article	NOUN
iiclr-17591	2087	11	's	's	PART
iiclr-17591	2087	12	assessment	assessment	NOUN
iiclr-17591	2087	13	of	of	ADP
iiclr-17591	2087	14	the	the	DET
iiclr-17591	2087	15	internal	internal	ADJ
iiclr-17591	2087	16	governance	governance	NOUN
iiclr-17591	2087	17	structure	structure	NOUN
iiclr-17591	2087	18	of	of	ADP
iiclr-17591	2087	19	large	large	ADJ
iiclr-17591	2087	20	italian	italian	ADJ
iiclr-17591	2087	21	companies	company	NOUN
iiclr-17591	2087	22	(	(	PUNCT
iiclr-17591	2087	23	"	"	PUNCT
iiclr-17591	2087	24	dynastic	dynastic	ADJ
iiclr-17591	2087	25	alliances	alliance	NOUN
iiclr-17591	2087	26	"	"	PUNCT
iiclr-17591	2087	27	)	)	PUNCT
iiclr-17591	2087	28	and	and	CCONJ
iiclr-17591	2087	29	the	the	DET
iiclr-17591	2087	30	alleged	allege	VERB
iiclr-17591	2087	31	anticompetitive	anticompetitive	ADJ
iiclr-17591	2087	32	effect	effect	NOUN
iiclr-17591	2087	33	of	of	ADP
iiclr-17591	2087	34	that	that	DET
iiclr-17591	2087	35	structure	structure	NOUN
iiclr-17591	2087	36	,	,	PUNCT
iiclr-17591	2087	37	which	which	PRON
iiclr-17591	2087	38	manifestly	manifestly	ADV
iiclr-17591	2087	39	would	would	AUX
iiclr-17591	2087	40	be	be	AUX
iiclr-17591	2087	41	an	an	DET
iiclr-17591	2087	42	effect	effect	NOUN
iiclr-17591	2087	43	external	external	ADJ
iiclr-17591	2087	44	to	to	ADP
iiclr-17591	2087	45	the	the	DET
iiclr-17591	2087	46	firm	firm	NOUN
iiclr-17591	2087	47	.	.	PUNCT
iiclr-17591	2088	1	second	second	ADJ
iiclr-17591	2088	2	,	,	PUNCT
iiclr-17591	2088	3	the	the	DET
iiclr-17591	2088	4	competitiveness	competitiveness	NOUN
iiclr-17591	2088	5	of	of	ADP
iiclr-17591	2088	6	markets	market	NOUN
iiclr-17591	2088	7	,	,	PUNCT
iiclr-17591	2088	8	fortunately	fortunately	ADV
iiclr-17591	2088	9	,	,	PUNCT
iiclr-17591	2088	10	is	be	AUX
iiclr-17591	2088	11	not	not	PART
iiclr-17591	2088	12	to	to	PART
iiclr-17591	2088	13	be	be	AUX
iiclr-17591	2088	14	measured	measure	VERB
iiclr-17591	2088	15	by	by	ADP
iiclr-17591	2088	16	the	the	DET
iiclr-17591	2088	17	intent	intent	NOUN
iiclr-17591	2088	18	of	of	ADP
iiclr-17591	2088	19	those	those	PRON
iiclr-17591	2088	20	who	who	PRON
iiclr-17591	2088	21	compete	compete	VERB
iiclr-17591	2088	22	,	,	PUNCT
iiclr-17591	2088	23	who	who	PRON
iiclr-17591	2088	24	very	very	ADV
iiclr-17591	2088	25	often	often	ADV
iiclr-17591	2088	26	would	would	AUX
iiclr-17591	2088	27	prefer	prefer	VERB
iiclr-17591	2088	28	to	to	PART
iiclr-17591	2088	29	eliminate	eliminate	VERB
iiclr-17591	2088	30	competitors	competitor	NOUN
iiclr-17591	2088	31	,	,	PUNCT
iiclr-17591	2088	32	but	but	CCONJ
iiclr-17591	2088	33	by	by	ADP
iiclr-17591	2088	34	the	the	DET
iiclr-17591	2088	35	concrete	concrete	ADJ
iiclr-17591	2088	36	situation	situation	NOUN
iiclr-17591	2088	37	of	of	ADP
iiclr-17591	2088	38	the	the	DET
iiclr-17591	2088	39	markets	market	NOUN
iiclr-17591	2088	40	themselves	themselves	PRON
iiclr-17591	2088	41	,	,	PUNCT
iiclr-17591	2088	42	which	which	PRON
iiclr-17591	2088	43	can	can	AUX
iiclr-17591	2088	44	be	be	AUX
iiclr-17591	2088	45	very	very	ADV
iiclr-17591	2088	46	competitive	competitive	ADJ
iiclr-17591	2088	47	despite	despite	SCONJ
iiclr-17591	2088	48	any	any	DET
iiclr-17591	2088	49	participants	participant	NOUN
iiclr-17591	2088	50	'	'	PART
iiclr-17591	2088	51	effort	effort	NOUN
iiclr-17591	2088	52	to	to	ADP
iiclr-17591	2088	53	the	the	DET
iiclr-17591	2088	54	contrary	contrary	NOUN
iiclr-17591	2088	55	.	.	PUNCT
iiclr-17591	2089	1	in	in	ADP
iiclr-17591	2089	2	other	other	ADJ
iiclr-17591	2089	3	words	word	NOUN
iiclr-17591	2089	4	,	,	PUNCT
iiclr-17591	2089	5	what	what	PRON
iiclr-17591	2089	6	is	be	AUX
iiclr-17591	2089	7	relevant	relevant	ADJ
iiclr-17591	2089	8	here	here	ADV
iiclr-17591	2089	9	is	be	AUX
iiclr-17591	2089	10	not	not	PART
iiclr-17591	2089	11	what	what	PRON
iiclr-17591	2089	12	fiat	fiat	NOUN
iiclr-17591	2089	13	and	and	CCONJ
iiclr-17591	2089	14	olivetti	olivetti	PROPN
iiclr-17591	2089	15	(	(	PUNCT
iiclr-17591	2089	16	or	or	CCONJ
iiclr-17591	2089	17	wolkswagen	wolkswagen	ADJ
iiclr-17591	2089	18	,	,	PUNCT
iiclr-17591	2089	19	or	or	CCONJ
iiclr-17591	2089	20	renault	renault	PROPN
iiclr-17591	2089	21	)	)	PUNCT
iiclr-17591	2089	22	would	would	AUX
iiclr-17591	2089	23	do	do	VERB
iiclr-17591	2089	24	,	,	PUNCT
iiclr-17591	2089	25	but	but	CCONJ
iiclr-17591	2089	26	what	what	PRON
iiclr-17591	2089	27	they	they	PRON
iiclr-17591	2089	28	can	can	AUX
iiclr-17591	2089	29	do	do	VERB
iiclr-17591	2089	30	,	,	PUNCT
iiclr-17591	2089	31	and	and	CCONJ
iiclr-17591	2089	32	the	the	DET
iiclr-17591	2089	33	answer	answer	NOUN
iiclr-17591	2089	34	is	be	AUX
iiclr-17591	2089	35	to	to	PART
iiclr-17591	2089	36	be	be	AUX
iiclr-17591	2089	37	looked	look	VERB
iiclr-17591	2089	38	for	for	ADP
iiclr-17591	2089	39	in	in	ADP
iiclr-17591	2089	40	the	the	DET
iiclr-17591	2089	41	european	european	ADJ
iiclr-17591	2089	42	and	and	CCONJ
iiclr-17591	2089	43	national	national	ADJ
iiclr-17591	2089	44	antitrust	antitrust	ADJ
iiclr-17591	2089	45	laws	law	NOUN
iiclr-17591	2089	46	as	as	ADV
iiclr-17591	2089	47	well	well	ADV
iiclr-17591	2089	48	as	as	ADP
iiclr-17591	2089	49	in	in	ADP
iiclr-17591	2089	50	their	their	PRON
iiclr-17591	2089	51	enforcement	enforcement	NOUN
iiclr-17591	2089	52	.	.	PUNCT
iiclr-17591	2090	1	256	256	NUM
iiclr-17591	2090	2	.	.	X
iiclr-17591	2090	3	see	see	VERB
iiclr-17591	2090	4	roe	roe	PROPN
iiclr-17591	2090	5	,	,	PUNCT
iiclr-17591	2090	6	supra	supra	PROPN
iiclr-17591	2090	7	note	note	PROPN
iiclr-17591	2090	8	16	16	NUM
iiclr-17591	2090	9	,	,	PUNCT
iiclr-17591	2090	10	at	at	ADP
iiclr-17591	2090	11	ix	ix	ADV
iiclr-17591	2090	12	(	(	PUNCT
iiclr-17591	2090	13	referring	refer	VERB
iiclr-17591	2090	14	to	to	ADP
iiclr-17591	2090	15	the	the	DET
iiclr-17591	2090	16	lack	lack	NOUN
iiclr-17591	2090	17	of	of	ADP
iiclr-17591	2090	18	reaction	reaction	NOUN
iiclr-17591	2090	19	to	to	ADP
iiclr-17591	2090	20	economic	economic	ADJ
iiclr-17591	2090	21	and	and	CCONJ
iiclr-17591	2090	22	technological	technological	ADJ
iiclr-17591	2090	23	changes	change	NOUN
iiclr-17591	2090	24	by	by	ADP
iiclr-17591	2090	25	some	some	DET
iiclr-17591	2090	26	large	large	ADJ
iiclr-17591	2090	27	american	american	ADJ
iiclr-17591	2090	28	firms	firm	NOUN
iiclr-17591	2090	29	,	,	PUNCT
iiclr-17591	2090	30	a	a	DET
iiclr-17591	2090	31	lack	lack	NOUN
iiclr-17591	2090	32	of	of	ADP
iiclr-17591	2090	33	reaction	reaction	NOUN
iiclr-17591	2090	34	possibly	possibly	ADV
iiclr-17591	2090	35	due	due	ADP
iiclr-17591	2090	36	to	to	ADP
iiclr-17591	2090	37	poor	poor	ADJ
iiclr-17591	2090	38	corporate	corporate	ADJ
iiclr-17591	2090	39	governance	governance	NOUN
iiclr-17591	2090	40	)	)	PUNCT
iiclr-17591	2090	41	.	.	PUNCT
iiclr-17591	2091	1	257	257	NUM
iiclr-17591	2091	2	.	.	PUNCT
iiclr-17591	2092	1	as	as	SCONJ
iiclr-17591	2092	2	is	be	AUX
iiclr-17591	2092	3	the	the	DET
iiclr-17591	2092	4	case	case	NOUN
iiclr-17591	2092	5	,	,	PUNCT
iiclr-17591	2092	6	for	for	ADP
iiclr-17591	2092	7	instance	instance	NOUN
iiclr-17591	2092	8	,	,	PUNCT
iiclr-17591	2092	9	of	of	ADP
iiclr-17591	2092	10	the	the	DET
iiclr-17591	2092	11	monitoring	monitoring	NOUN
iiclr-17591	2092	12	by	by	ADP
iiclr-17591	2092	13	creditors	creditor	NOUN
iiclr-17591	2092	14	:	:	PUNCT
iiclr-17591	2092	15	apart	apart	ADV
iiclr-17591	2092	16	from	from	ADP
iiclr-17591	2092	17	the	the	DET
iiclr-17591	2092	18	structural	structural	ADJ
iiclr-17591	2092	19	weakness	weakness	NOUN
iiclr-17591	2092	20	of	of	ADP
iiclr-17591	2092	21	italian	italian	ADJ
iiclr-17591	2092	22	banks	bank	NOUN
iiclr-17591	2092	23	'	'	PART
iiclr-17591	2092	24	monitoring	monitoring	NOUN
iiclr-17591	2092	25	,	,	PUNCT
iiclr-17591	2092	26	alluded	allude	VERB
iiclr-17591	2092	27	to	to	ADP
iiclr-17591	2092	28	supra	supra	PROPN
iiclr-17591	2092	29	note	note	PROPN
iiclr-17591	2092	30	199	199	NUM
iiclr-17591	2092	31	,	,	PUNCT
iiclr-17591	2092	32	it	it	PRON
iiclr-17591	2092	33	is	be	AUX
iiclr-17591	2092	34	a	a	DET
iiclr-17591	2092	35	notorious	notorious	ADJ
iiclr-17591	2092	36	fact	fact	NOUN
iiclr-17591	2092	37	that	that	SCONJ
iiclr-17591	2092	38	creditors	creditor	NOUN
iiclr-17591	2092	39	are	be	AUX
iiclr-17591	2092	40	not	not	PART
iiclr-17591	2092	41	necessarily	necessarily	ADV
iiclr-17591	2092	42	value	value	NOUN
iiclr-17591	2092	43	-	-	PUNCT
iiclr-17591	2092	44	maximizers	maximizer	NOUN
iiclr-17591	2092	45	for	for	ADP
iiclr-17591	2092	46	shareholders	shareholder	NOUN
iiclr-17591	2092	47	.	.	PUNCT
iiclr-17591	2093	1	monitoring	monitor	VERB
iiclr-17591	2093	2	by	by	ADP
iiclr-17591	2093	3	other	other	ADJ
iiclr-17591	2093	4	institutional	institutional	ADJ
iiclr-17591	2093	5	investors	investor	NOUN
iiclr-17591	2093	6	is	be	AUX
iiclr-17591	2093	7	weak	weak	ADJ
iiclr-17591	2093	8	because	because	SCONJ
iiclr-17591	2093	9	they	they	PRON
iiclr-17591	2093	10	have	have	VERB
iiclr-17591	2093	11	very	very	ADV
iiclr-17591	2093	12	small	small	ADJ
iiclr-17591	2093	13	equity	equity	NOUN
iiclr-17591	2093	14	ownership	ownership	NOUN
iiclr-17591	2093	15	(	(	PUNCT
iiclr-17591	2093	16	supra	supra	PROPN
iiclr-17591	2093	17	note	note	NOUN
iiclr-17591	2093	18	182	182	NUM
iiclr-17591	2093	19	)	)	PUNCT
iiclr-17591	2093	20	.	.	PUNCT
iiclr-17591	2094	1	258	258	NUM
iiclr-17591	2094	2	.	.	PUNCT
iiclr-17591	2095	1	the	the	DET
iiclr-17591	2095	2	italian	italian	ADJ
iiclr-17591	2095	3	law	law	NOUN
iiclr-17591	2095	4	prohibits	prohibit	VERB
iiclr-17591	2095	5	proxy	proxy	NOUN
iiclr-17591	2095	6	fights	fight	NOUN
iiclr-17591	2095	7	defacto	defacto	X
iiclr-17591	2095	8	(	(	PUNCT
iiclr-17591	2095	9	supra	supra	PROPN
iiclr-17591	2095	10	note	note	NOUN
iiclr-17591	2095	11	186	186	NUM
iiclr-17591	2095	12	)	)	PUNCT
iiclr-17591	2095	13	,	,	PUNCT
iiclr-17591	2095	14	and	and	CCONJ
iiclr-17591	2095	15	the	the	DET
iiclr-17591	2095	16	stock	stock	NOUN
iiclr-17591	2095	17	market	market	NOUN
iiclr-17591	2095	18	,	,	PUNCT
iiclr-17591	2095	19	although	although	SCONJ
iiclr-17591	2095	20	an	an	DET
iiclr-17591	2095	21	important	important	ADJ
iiclr-17591	2095	22	source	source	NOUN
iiclr-17591	2095	23	of	of	ADP
iiclr-17591	2095	24	pressure	pressure	NOUN
iiclr-17591	2095	25	in	in	ADP
iiclr-17591	2095	26	the	the	DET
iiclr-17591	2095	27	event	event	NOUN
iiclr-17591	2095	28	of	of	ADP
iiclr-17591	2095	29	a	a	DET
iiclr-17591	2095	30	crisis	crisis	NOUN
iiclr-17591	2095	31	,	,	PUNCT
iiclr-17591	2095	32	does	do	AUX
iiclr-17591	2095	33	not	not	PART
iiclr-17591	2095	34	assure	assure	VERB
iiclr-17591	2095	35	a	a	DET
iiclr-17591	2095	36	performance	performance	NOUN
iiclr-17591	2095	37	valuation	valuation	NOUN
iiclr-17591	2095	38	on	on	ADP
iiclr-17591	2095	39	an	an	DET
iiclr-17591	2095	40	ongoing	ongoing	ADJ
iiclr-17591	2095	41	basis	basis	NOUN
iiclr-17591	2095	42	(	(	PUNCT
iiclr-17591	2095	43	the	the	DET
iiclr-17591	2095	44	market	market	NOUN
iiclr-17591	2095	45	being	be	AUX
iiclr-17591	2095	46	rather	rather	ADV
iiclr-17591	2095	47	thin	thin	ADJ
iiclr-17591	2095	48	and	and	CCONJ
iiclr-17591	2095	49	capital	capital	NOUN
iiclr-17591	2095	50	gain	gain	NOUN
iiclr-17591	2095	51	-	-	PUNCT
iiclr-17591	2095	52	oriented	orient	VERB
iiclr-17591	2095	53	:	:	PUNCT
iiclr-17591	2095	54	supra	supra	PROPN
iiclr-17591	2095	55	note	note	NOUN
iiclr-17591	2095	56	209	209	NUM
iiclr-17591	2095	57	)	)	PUNCT
iiclr-17591	2095	58	.	.	PUNCT
iiclr-17591	2096	1	moreover	moreover	ADV
iiclr-17591	2096	2	,	,	PUNCT
iiclr-17591	2096	3	very	very	ADV
iiclr-17591	2096	4	rarely	rarely	ADV
iiclr-17591	2096	5	management	management	NOUN
iiclr-17591	2096	6	can	can	AUX
iiclr-17591	2096	7	be	be	AUX
iiclr-17591	2096	8	replaced	replace	VERB
iiclr-17591	2096	9	through	through	ADP
iiclr-17591	2096	10	a	a	DET
iiclr-17591	2096	11	hostile	hostile	ADJ
iiclr-17591	2096	12	takeover	takeover	NOUN
iiclr-17591	2096	13	(	(	PUNCT
iiclr-17591	2096	14	supra	supra	PROPN
iiclr-17591	2096	15	part	part	PROPN
iiclr-17591	2096	16	iv.e	iv.e	PROPN
iiclr-17591	2096	17	)	)	PUNCT
iiclr-17591	2096	18	.	.	PUNCT
iiclr-17591	2097	1	259	259	X
iiclr-17591	2097	2	.	.	X
iiclr-17591	2097	3	see	see	VERB
iiclr-17591	2097	4	supra	supra	PROPN
iiclr-17591	2097	5	note	note	PROPN
iiclr-17591	2097	6	5	5	NUM
iiclr-17591	2097	7	,	,	PUNCT
iiclr-17591	2097	8	for	for	ADP
iiclr-17591	2097	9	the	the	DET
iiclr-17591	2097	10	role	role	NOUN
iiclr-17591	2097	11	of	of	ADP
iiclr-17591	2097	12	managers	manager	NOUN
iiclr-17591	2097	13	as	as	ADP
iiclr-17591	2097	14	instruments	instrument	NOUN
iiclr-17591	2097	15	of	of	ADP
iiclr-17591	2097	16	the	the	DET
iiclr-17591	2097	17	superior	superior	ADJ
iiclr-17591	2097	18	economic	economic	ADJ
iiclr-17591	2097	19	interest	interest	NOUN
iiclr-17591	2097	20	of	of	ADP
iiclr-17591	2097	21	the	the	DET
iiclr-17591	2097	22	enterprise	enterprise	NOUN
iiclr-17591	2097	23	and	and	CCONJ
iiclr-17591	2097	24	the	the	DET
iiclr-17591	2097	25	nation	nation	NOUN
iiclr-17591	2097	26	,	,	PUNCT
iiclr-17591	2097	27	envisioned	envision	VERB
iiclr-17591	2097	28	by	by	ADP
iiclr-17591	2097	29	the	the	DET
iiclr-17591	2097	30	fascist	fascist	ADJ
iiclr-17591	2097	31	legislation	legislation	NOUN
iiclr-17591	2097	32	.	.	PUNCT
iiclr-17591	2098	1	[	[	X
iiclr-17591	2098	2	vol	vol	NOUN
iiclr-17591	2098	3	.	.	PUNCT
iiclr-17591	2099	1	6:1	6:1	NUM
iiclr-17591	2099	2	corporate	corporate	ADJ
iiclr-17591	2099	3	governance	governance	NOUN
iiclr-17591	2099	4	in	in	ADP
iiclr-17591	2099	5	italy	italy	PROPN
iiclr-17591	2099	6	in	in	ADP
iiclr-17591	2099	7	general	general	ADJ
iiclr-17591	2099	8	,	,	PUNCT
iiclr-17591	2099	9	may	may	AUX
iiclr-17591	2099	10	have	have	VERB
iiclr-17591	2099	11	dramatic	dramatic	ADJ
iiclr-17591	2099	12	effects	effect	NOUN
iiclr-17591	2099	13	.	.	PUNCT
iiclr-17591	2099	14	'	'	PUNCT
iiclr-17591	2100	1	a	a	DET
iiclr-17591	2100	2	reform	reform	NOUN
iiclr-17591	2100	3	is	be	AUX
iiclr-17591	2100	4	necessary	necessary	ADJ
iiclr-17591	2100	5	now	now	ADV
iiclr-17591	2100	6	,	,	PUNCT
iiclr-17591	2100	7	before	before	SCONJ
iiclr-17591	2100	8	it	it	PRON
iiclr-17591	2100	9	is	be	AUX
iiclr-17591	2100	10	too	too	ADV
iiclr-17591	2100	11	late	late	ADJ
iiclr-17591	2100	12	.	.	PUNCT
iiclr-17591	2101	1	n.	n.	NOUN
iiclr-17591	2101	2	summary	summary	NOUN
iiclr-17591	2101	3	of	of	ADP
iiclr-17591	2101	4	part	part	NOUN
iiclr-17591	2101	5	iv	iv	X
iiclr-17591	2101	6	.	.	PUNCT
iiclr-17591	2102	1	the	the	DET
iiclr-17591	2102	2	prevailing	prevail	VERB
iiclr-17591	2102	3	italian	italian	ADJ
iiclr-17591	2102	4	corporate	corporate	ADJ
iiclr-17591	2102	5	governance	governance	NOUN
iiclr-17591	2102	6	pattern	pattern	NOUN
iiclr-17591	2102	7	and	and	CCONJ
iiclr-17591	2102	8	an	an	DET
iiclr-17591	2102	9	assessment	assessment	NOUN
iiclr-17591	2102	10	of	of	ADP
iiclr-17591	2102	11	it	it	PRON
iiclr-17591	2102	12	can	can	AUX
iiclr-17591	2102	13	be	be	AUX
iiclr-17591	2102	14	summarized	summarize	VERB
iiclr-17591	2102	15	as	as	SCONJ
iiclr-17591	2102	16	follows	follow	VERB
iiclr-17591	2102	17	.	.	PUNCT
iiclr-17591	2103	1	a.	a.	NOUN
iiclr-17591	2103	2	the	the	DET
iiclr-17591	2103	3	italian	italian	ADJ
iiclr-17591	2103	4	industrial	industrial	ADJ
iiclr-17591	2103	5	system	system	NOUN
iiclr-17591	2103	6	.	.	PUNCT
iiclr-17591	2104	1	a.	a.	NOUN
iiclr-17591	2104	2	1	1	NUM
iiclr-17591	2104	3	.	.	PUNCT
iiclr-17591	2105	1	the	the	DET
iiclr-17591	2105	2	relevance	relevance	NOUN
iiclr-17591	2105	3	of	of	ADP
iiclr-17591	2105	4	small	small	ADJ
iiclr-17591	2105	5	-	-	PUNCT
iiclr-17591	2105	6	medium	medium	NOUN
iiclr-17591	2105	7	firms	firm	NOUN
iiclr-17591	2105	8	in	in	ADP
iiclr-17591	2105	9	the	the	DET
iiclr-17591	2105	10	industrial	industrial	ADJ
iiclr-17591	2105	11	system	system	NOUN
iiclr-17591	2105	12	is	be	AUX
iiclr-17591	2105	13	higher	high	ADJ
iiclr-17591	2105	14	in	in	ADP
iiclr-17591	2105	15	italy	italy	PROPN
iiclr-17591	2105	16	than	than	ADP
iiclr-17591	2105	17	in	in	ADP
iiclr-17591	2105	18	other	other	ADJ
iiclr-17591	2105	19	industrialized	industrialized	ADJ
iiclr-17591	2105	20	countries	country	NOUN
iiclr-17591	2105	21	.	.	PUNCT
iiclr-17591	2106	1	the	the	DET
iiclr-17591	2106	2	overall	overall	ADJ
iiclr-17591	2106	3	productivity	productivity	NOUN
iiclr-17591	2106	4	of	of	ADP
iiclr-17591	2106	5	italian	italian	ADJ
iiclr-17591	2106	6	and	and	CCONJ
iiclr-17591	2106	7	foreign	foreign	ADJ
iiclr-17591	2106	8	firms	firm	NOUN
iiclr-17591	2106	9	,	,	PUNCT
iiclr-17591	2106	10	however	however	ADV
iiclr-17591	2106	11	,	,	PUNCT
iiclr-17591	2106	12	is	be	AUX
iiclr-17591	2106	13	comparable	comparable	ADJ
iiclr-17591	2106	14	.	.	PUNCT
iiclr-17591	2107	1	a.2	a.2	PUNCT
iiclr-17591	2107	2	.	.	PUNCT
iiclr-17591	2108	1	a	a	DET
iiclr-17591	2108	2	substantial	substantial	ADJ
iiclr-17591	2108	3	part	part	NOUN
iiclr-17591	2108	4	of	of	ADP
iiclr-17591	2108	5	the	the	DET
iiclr-17591	2108	6	italian	italian	ADJ
iiclr-17591	2108	7	gnp	gnp	PROPN
iiclr-17591	2108	8	comes	come	VERB
iiclr-17591	2108	9	from	from	ADP
iiclr-17591	2108	10	the	the	DET
iiclr-17591	2108	11	public	public	ADJ
iiclr-17591	2108	12	enterprise	enterprise	NOUN
iiclr-17591	2108	13	system	system	NOUN
iiclr-17591	2108	14	,	,	PUNCT
iiclr-17591	2108	15	whose	whose	DET
iiclr-17591	2108	16	large	large	ADJ
iiclr-17591	2108	17	size	size	NOUN
iiclr-17591	2108	18	has	have	VERB
iiclr-17591	2108	19	path	path	NOUN
iiclr-17591	2108	20	-	-	PUNCT
iiclr-17591	2108	21	dependent	dependent	ADJ
iiclr-17591	2108	22	and	and	CCONJ
iiclr-17591	2108	23	political	political	ADJ
iiclr-17591	2108	24	causes	cause	NOUN
iiclr-17591	2108	25	.	.	PUNCT
iiclr-17591	2109	1	the	the	DET
iiclr-17591	2109	2	trend	trend	NOUN
iiclr-17591	2109	3	is	be	AUX
iiclr-17591	2109	4	towards	towards	ADP
iiclr-17591	2109	5	a	a	DET
iiclr-17591	2109	6	massive	massive	ADJ
iiclr-17591	2109	7	privatization	privatization	NOUN
iiclr-17591	2109	8	process	process	NOUN
iiclr-17591	2109	9	,	,	PUNCT
iiclr-17591	2109	10	but	but	CCONJ
iiclr-17591	2109	11	a	a	DET
iiclr-17591	2109	12	sure	sure	ADJ
iiclr-17591	2109	13	forecast	forecast	NOUN
iiclr-17591	2109	14	on	on	ADP
iiclr-17591	2109	15	what	what	PRON
iiclr-17591	2109	16	the	the	DET
iiclr-17591	2109	17	size	size	NOUN
iiclr-17591	2109	18	of	of	ADP
iiclr-17591	2109	19	the	the	DET
iiclr-17591	2109	20	italian	italian	ADJ
iiclr-17591	2109	21	public	public	ADJ
iiclr-17591	2109	22	system	system	NOUN
iiclr-17591	2109	23	will	will	AUX
iiclr-17591	2109	24	be	be	AUX
iiclr-17591	2109	25	in	in	ADP
iiclr-17591	2109	26	the	the	DET
iiclr-17591	2109	27	future	future	NOUN
iiclr-17591	2109	28	is	be	AUX
iiclr-17591	2109	29	not	not	PART
iiclr-17591	2109	30	possible	possible	ADJ
iiclr-17591	2109	31	.	.	PUNCT
iiclr-17591	2110	1	b.	b.	VERB
iiclr-17591	2110	2	the	the	DET
iiclr-17591	2110	3	ownership	ownership	NOUN
iiclr-17591	2110	4	structure	structure	NOUN
iiclr-17591	2110	5	of	of	ADP
iiclr-17591	2110	6	italian	italian	ADJ
iiclr-17591	2110	7	companies	company	NOUN
iiclr-17591	2110	8	.	.	PUNCT
iiclr-17591	2111	1	b.1	b.1	X
iiclr-17591	2111	2	.	.	PUNCT
iiclr-17591	2112	1	most	most	ADJ
iiclr-17591	2112	2	italian	italian	ADJ
iiclr-17591	2112	3	firms	firm	NOUN
iiclr-17591	2112	4	,	,	PUNCT
iiclr-17591	2112	5	even	even	ADV
iiclr-17591	2112	6	very	very	ADV
iiclr-17591	2112	7	large	large	ADJ
iiclr-17591	2112	8	ones	one	NOUN
iiclr-17591	2112	9	,	,	PUNCT
iiclr-17591	2112	10	are	be	AUX
iiclr-17591	2112	11	unlisted	unliste	VERB
iiclr-17591	2112	12	and	and	CCONJ
iiclr-17591	2112	13	privately	privately	ADV
iiclr-17591	2112	14	held	hold	VERB
iiclr-17591	2112	15	.	.	PUNCT
iiclr-17591	2113	1	their	their	PRON
iiclr-17591	2113	2	ownership	ownership	NOUN
iiclr-17591	2113	3	structure	structure	NOUN
iiclr-17591	2113	4	is	be	AUX
iiclr-17591	2113	5	extremely	extremely	ADV
iiclr-17591	2113	6	closed	closed	ADJ
iiclr-17591	2113	7	.	.	PUNCT
iiclr-17591	2114	1	private	private	ADJ
iiclr-17591	2114	2	companies	company	NOUN
iiclr-17591	2114	3	do	do	AUX
iiclr-17591	2114	4	not	not	PART
iiclr-17591	2114	5	usually	usually	ADV
iiclr-17591	2114	6	have	have	VERB
iiclr-17591	2114	7	clearly	clearly	ADV
iiclr-17591	2114	8	defined	define	VERB
iiclr-17591	2114	9	majorities	majority	NOUN
iiclr-17591	2114	10	and	and	CCONJ
iiclr-17591	2114	11	minorities	minority	NOUN
iiclr-17591	2114	12	and	and	CCONJ
iiclr-17591	2114	13	are	be	AUX
iiclr-17591	2114	14	controlled	control	VERB
iiclr-17591	2114	15	by	by	ADP
iiclr-17591	2114	16	an	an	DET
iiclr-17591	2114	17	individual	individual	NOUN
iiclr-17591	2114	18	or	or	CCONJ
iiclr-17591	2114	19	by	by	ADP
iiclr-17591	2114	20	a	a	DET
iiclr-17591	2114	21	group	group	NOUN
iiclr-17591	2114	22	of	of	ADP
iiclr-17591	2114	23	closely	closely	ADV
iiclr-17591	2114	24	related	relate	VERB
iiclr-17591	2114	25	individuals	individual	NOUN
iiclr-17591	2114	26	.	.	PUNCT
iiclr-17591	2115	1	b.2	b.2	X
iiclr-17591	2115	2	.	.	PUNCT
iiclr-17591	2116	1	consequently	consequently	ADV
iiclr-17591	2116	2	,	,	PUNCT
iiclr-17591	2116	3	the	the	DET
iiclr-17591	2116	4	public	public	ADJ
iiclr-17591	2116	5	stock	stock	NOUN
iiclr-17591	2116	6	market	market	NOUN
iiclr-17591	2116	7	is	be	AUX
iiclr-17591	2116	8	comparatively	comparatively	ADV
iiclr-17591	2116	9	less	less	ADV
iiclr-17591	2116	10	important	important	ADJ
iiclr-17591	2116	11	in	in	ADP
iiclr-17591	2116	12	italy	italy	PROPN
iiclr-17591	2116	13	than	than	ADP
iiclr-17591	2116	14	in	in	ADP
iiclr-17591	2116	15	other	other	ADJ
iiclr-17591	2116	16	industrialized	industrialized	ADJ
iiclr-17591	2116	17	countries	country	NOUN
iiclr-17591	2116	18	,	,	PUNCT
iiclr-17591	2116	19	as	as	SCONJ
iiclr-17591	2116	20	only	only	ADV
iiclr-17591	2116	21	few	few	ADJ
iiclr-17591	2116	22	very	very	ADV
iiclr-17591	2116	23	large	large	ADJ
iiclr-17591	2116	24	companies	company	NOUN
iiclr-17591	2116	25	(	(	PUNCT
iiclr-17591	2116	26	about	about	ADV
iiclr-17591	2116	27	240	240	NUM
iiclr-17591	2116	28	in	in	ADP
iiclr-17591	2116	29	june	june	PROPN
iiclr-17591	2116	30	1995	1995	NUM
iiclr-17591	2116	31	)	)	PUNCT
iiclr-17591	2116	32	are	be	AUX
iiclr-17591	2116	33	listed	list	VERB
iiclr-17591	2116	34	on	on	ADP
iiclr-17591	2116	35	a	a	DET
iiclr-17591	2116	36	stock	stock	NOUN
iiclr-17591	2116	37	exchange	exchange	NOUN
iiclr-17591	2116	38	.	.	PUNCT
iiclr-17591	2117	1	b.3	b.3	PROPN
iiclr-17591	2117	2	.	.	PUNCT
iiclr-17591	2118	1	the	the	DET
iiclr-17591	2118	2	ownership	ownership	NOUN
iiclr-17591	2118	3	structure	structure	NOUN
iiclr-17591	2118	4	of	of	ADP
iiclr-17591	2118	5	listed	list	VERB
iiclr-17591	2118	6	companies	company	NOUN
iiclr-17591	2118	7	is	be	AUX
iiclr-17591	2118	8	based	base	VERB
iiclr-17591	2118	9	on	on	ADP
iiclr-17591	2118	10	the	the	DET
iiclr-17591	2118	11	influence	influence	NOUN
iiclr-17591	2118	12	of	of	ADP
iiclr-17591	2118	13	large	large	ADJ
iiclr-17591	2118	14	shareholders	shareholder	NOUN
iiclr-17591	2118	15	who	who	PRON
iiclr-17591	2118	16	often	often	ADV
iiclr-17591	2118	17	have	have	VERB
iiclr-17591	2118	18	the	the	DET
iiclr-17591	2118	19	absolute	absolute	ADJ
iiclr-17591	2118	20	majority	majority	NOUN
iiclr-17591	2118	21	of	of	ADP
iiclr-17591	2118	22	voting	voting	NOUN
iiclr-17591	2118	23	rights	right	NOUN
iiclr-17591	2118	24	.	.	PUNCT
iiclr-17591	2119	1	in	in	ADP
iiclr-17591	2119	2	many	many	ADJ
iiclr-17591	2119	3	italian	italian	ADJ
iiclr-17591	2119	4	listed	list	VERB
iiclr-17591	2119	5	companies	company	NOUN
iiclr-17591	2119	6	large	large	ADJ
iiclr-17591	2119	7	shareholders	shareholder	NOUN
iiclr-17591	2119	8	set	set	VERB
iiclr-17591	2119	9	up	up	ADP
iiclr-17591	2119	10	stable	stable	ADJ
iiclr-17591	2119	11	associations	association	NOUN
iiclr-17591	2119	12	that	that	PRON
iiclr-17591	2119	13	,	,	PUNCT
iiclr-17591	2119	14	due	due	ADP
iiclr-17591	2119	15	to	to	ADP
iiclr-17591	2119	16	judicial	judicial	ADJ
iiclr-17591	2119	17	disfavor	disfavor	NOUN
iiclr-17591	2119	18	,	,	PUNCT
iiclr-17591	2119	19	rest	rest	VERB
iiclr-17591	2119	20	more	more	ADJ
iiclr-17591	2119	21	on	on	ADP
iiclr-17591	2119	22	participants	participant	NOUN
iiclr-17591	2119	23	'	'	PART
iiclr-17591	2119	24	reputation	reputation	NOUN
iiclr-17591	2119	25	and	and	CCONJ
iiclr-17591	2119	26	economic	economic	ADJ
iiclr-17591	2119	27	incentives	incentive	NOUN
iiclr-17591	2119	28	than	than	ADP
iiclr-17591	2119	29	on	on	ADP
iiclr-17591	2119	30	their	their	PRON
iiclr-17591	2119	31	own	own	ADJ
iiclr-17591	2119	32	binding	bind	VERB
iiclr-17591	2119	33	force	force	NOUN
iiclr-17591	2119	34	.	.	PUNCT
iiclr-17591	2120	1	such	such	ADJ
iiclr-17591	2120	2	associations	association	NOUN
iiclr-17591	2120	3	may	may	AUX
iiclr-17591	2120	4	be	be	AUX
iiclr-17591	2120	5	playing	play	VERB
iiclr-17591	2120	6	a	a	DET
iiclr-17591	2120	7	relevant	relevant	ADJ
iiclr-17591	2120	8	role	role	NOUN
iiclr-17591	2120	9	as	as	ADP
iiclr-17591	2120	10	industrial	industrial	ADJ
iiclr-17591	2120	11	organization	organization	NOUN
iiclr-17591	2120	12	institutions	institution	NOUN
iiclr-17591	2120	13	that	that	PRON
iiclr-17591	2120	14	allow	allow	VERB
iiclr-17591	2120	15	the	the	DET
iiclr-17591	2120	16	governance	governance	NOUN
iiclr-17591	2120	17	of	of	ADP
iiclr-17591	2120	18	long	long	ADJ
iiclr-17591	2120	19	-	-	PUNCT
iiclr-17591	2120	20	term	term	NOUN
iiclr-17591	2120	21	relationships	relationship	NOUN
iiclr-17591	2120	22	,	,	PUNCT
iiclr-17591	2120	23	but	but	CCONJ
iiclr-17591	2120	24	any	any	DET
iiclr-17591	2120	25	assessment	assessment	NOUN
iiclr-17591	2120	26	of	of	ADP
iiclr-17591	2120	27	them	they	PRON
iiclr-17591	2120	28	,	,	PUNCT
iiclr-17591	2120	29	independent	independent	ADJ
iiclr-17591	2120	30	of	of	ADP
iiclr-17591	2120	31	policy	policy	NOUN
iiclr-17591	2120	32	implications	implication	NOUN
iiclr-17591	2120	33	,	,	PUNCT
iiclr-17591	2120	34	is	be	AUX
iiclr-17591	2120	35	particularly	particularly	ADV
iiclr-17591	2120	36	difficult	difficult	ADJ
iiclr-17591	2120	37	.	.	PUNCT
iiclr-17591	2121	1	b.4	b.4	NOUN
iiclr-17591	2121	2	.	.	PUNCT
iiclr-17591	2122	1	the	the	DET
iiclr-17591	2122	2	remainder	remainder	NOUN
iiclr-17591	2122	3	of	of	ADP
iiclr-17591	2122	4	the	the	DET
iiclr-17591	2122	5	ownership	ownership	NOUN
iiclr-17591	2122	6	structure	structure	NOUN
iiclr-17591	2122	7	of	of	ADP
iiclr-17591	2122	8	listed	list	VERB
iiclr-17591	2122	9	companies	company	NOUN
iiclr-17591	2122	10	is	be	AUX
iiclr-17591	2122	11	made	make	VERB
iiclr-17591	2122	12	up	up	ADP
iiclr-17591	2122	13	of	of	ADP
iiclr-17591	2122	14	small	small	ADJ
iiclr-17591	2122	15	capital	capital	NOUN
iiclr-17591	2122	16	gain	gain	NOUN
iiclr-17591	2122	17	-	-	PUNCT
iiclr-17591	2122	18	oriented	orient	VERB
iiclr-17591	2122	19	shareholders	shareholder	NOUN
iiclr-17591	2122	20	,	,	PUNCT
iiclr-17591	2122	21	who	who	PRON
iiclr-17591	2122	22	invest	invest	VERB
iiclr-17591	2122	23	short	short	ADJ
iiclr-17591	2122	24	-	-	PUNCT
iiclr-17591	2122	25	term	term	NOUN
iiclr-17591	2122	26	and	and	CCONJ
iiclr-17591	2122	27	have	have	VERB
iiclr-17591	2122	28	no	no	DET
iiclr-17591	2122	29	voice	voice	NOUN
iiclr-17591	2122	30	in	in	ADP
iiclr-17591	2122	31	the	the	DET
iiclr-17591	2122	32	management	management	NOUN
iiclr-17591	2122	33	of	of	ADP
iiclr-17591	2122	34	the	the	DET
iiclr-17591	2122	35	companies	company	NOUN
iiclr-17591	2122	36	.	.	PUNCT
iiclr-17591	2123	1	financial	financial	ADJ
iiclr-17591	2123	2	institutions	institution	NOUN
iiclr-17591	2123	3	,	,	PUNCT
iiclr-17591	2123	4	due	due	ADP
iiclr-17591	2123	5	to	to	ADP
iiclr-17591	2123	6	an	an	DET
iiclr-17591	2123	7	only	only	ADV
iiclr-17591	2123	8	recently	recently	ADV
iiclr-17591	2123	9	removed	remove	VERB
iiclr-17591	2123	10	ban	ban	NOUN
iiclr-17591	2123	11	on	on	ADP
iiclr-17591	2123	12	equity	equity	NOUN
iiclr-17591	2123	13	holding	holding	NOUN
iiclr-17591	2123	14	by	by	ADP
iiclr-17591	2123	15	banks	bank	NOUN
iiclr-17591	2123	16	,	,	PUNCT
iiclr-17591	2123	17	play	play	VERB
iiclr-17591	2123	18	a	a	DET
iiclr-17591	2123	19	limited	limited	ADJ
iiclr-17591	2123	20	role	role	NOUN
iiclr-17591	2123	21	in	in	ADP
iiclr-17591	2123	22	the	the	DET
iiclr-17591	2123	23	stock	stock	NOUN
iiclr-17591	2123	24	market	market	NOUN
iiclr-17591	2123	25	.	.	PUNCT
iiclr-17591	2124	1	b.5	b.5	NOUN
iiclr-17591	2124	2	.	.	PUNCT
iiclr-17591	2125	1	shareholders	shareholder	NOUN
iiclr-17591	2125	2	of	of	ADP
iiclr-17591	2125	3	italian	italian	ADJ
iiclr-17591	2125	4	companies	company	NOUN
iiclr-17591	2125	5	cluster	cluster	VERB
iiclr-17591	2125	6	at	at	ADP
iiclr-17591	2125	7	two	two	NUM
iiclr-17591	2125	8	extremes	extreme	NOUN
iiclr-17591	2125	9	:	:	PUNCT
iiclr-17591	2125	10	either	either	CCONJ
iiclr-17591	2125	11	controlling	control	VERB
iiclr-17591	2125	12	,	,	PUNCT
iiclr-17591	2125	13	interested	interested	ADJ
iiclr-17591	2125	14	entrepreneurs	entrepreneur	NOUN
iiclr-17591	2125	15	or	or	CCONJ
iiclr-17591	2125	16	small	small	ADJ
iiclr-17591	2125	17	,	,	PUNCT
iiclr-17591	2125	18	disinterested	disinterested	ADJ
iiclr-17591	2125	19	investors	investor	NOUN
iiclr-17591	2125	20	.	.	PUNCT
iiclr-17591	2126	1	260	260	NUM
iiclr-17591	2126	2	.	.	PUNCT
iiclr-17591	2127	1	it	it	PRON
iiclr-17591	2127	2	is	be	AUX
iiclr-17591	2127	3	not	not	PART
iiclr-17591	2127	4	by	by	ADP
iiclr-17591	2127	5	chance	chance	NOUN
iiclr-17591	2127	6	that	that	SCONJ
iiclr-17591	2127	7	very	very	ADV
iiclr-17591	2127	8	often	often	ADV
iiclr-17591	2127	9	the	the	DET
iiclr-17591	2127	10	scholars	scholar	NOUN
iiclr-17591	2127	11	most	most	ADV
iiclr-17591	2127	12	sensitive	sensitive	ADJ
iiclr-17591	2127	13	to	to	ADP
iiclr-17591	2127	14	economic	economic	ADJ
iiclr-17591	2127	15	problems	problem	NOUN
iiclr-17591	2127	16	have	have	AUX
iiclr-17591	2127	17	favored	favor	VERB
iiclr-17591	2127	18	derivative	derivative	ADJ
iiclr-17591	2127	19	suits	suit	NOUN
iiclr-17591	2127	20	:	:	PUNCT
iiclr-17591	2127	21	see	see	VERB
iiclr-17591	2127	22	,	,	PUNCT
iiclr-17591	2127	23	e.g.	e.g.	ADV
iiclr-17591	2127	24	,	,	PUNCT
iiclr-17591	2127	25	2	2	NUM
iiclr-17591	2127	26	ascarelli	ascarelli	NOUN
iiclr-17591	2127	27	,	,	PUNCT
iiclr-17591	2127	28	schemi	schemi	VERB
iiclr-17591	2127	29	di	di	X
iiclr-17591	2127	30	progeui	progeui	PROPN
iiclr-17591	2127	31	di	di	PROPN
iiclr-17591	2127	32	legge	legge	PROPN
iiclr-17591	2127	33	sulle	sulle	PROPN
iiclr-17591	2127	34	intese	intese	ADJ
iiclr-17591	2127	35	industriali	industriali	PROPN
iiclr-17591	2127	36	e	e	NOUN
iiclr-17591	2127	37	conunerciali	conunerciali	NOUN
iiclr-17591	2127	38	e	e	X
iiclr-17591	2127	39	in	in	ADP
iiclr-17591	2127	40	tema	tema	X
iiclr-17591	2127	41	di	di	X
iiclr-17591	2127	42	societa	societa	NOUN
iiclr-17591	2127	43	,	,	PUNCT
iiclr-17591	2127	44	in	in	ADP
iiclr-17591	2127	45	problemi	problemi	PROPN
iiclr-17591	2127	46	giuridici	giuridici	NOUN
iiclr-17591	2127	47	,	,	PUNCT
iiclr-17591	2127	48	supra	supra	PROPN
iiclr-17591	2127	49	note	note	NOUN
iiclr-17591	2127	50	4	4	NUM
iiclr-17591	2127	51	,	,	PUNCT
iiclr-17591	2127	52	at	at	ADP
iiclr-17591	2127	53	933	933	NUM
iiclr-17591	2127	54	,	,	PUNCT
iiclr-17591	2127	55	941	941	NUM
iiclr-17591	2127	56	(	(	PUNCT
iiclr-17591	2127	57	1959	1959	NUM
iiclr-17591	2127	58	)	)	PUNCT
iiclr-17591	2127	59	;	;	PUNCT
iiclr-17591	2127	60	preite	preite	ADJ
iiclr-17591	2127	61	,	,	PUNCT
iiclr-17591	2127	62	supra	supra	ADJ
iiclr-17591	2127	63	note	note	NOUN
iiclr-17591	2127	64	190	190	NUM
iiclr-17591	2127	65	,	,	PUNCT
iiclr-17591	2127	66	at	at	ADP
iiclr-17591	2127	67	562	562	NUM
iiclr-17591	2127	68	.	.	PUNCT
iiclr-17591	2127	69	1995	1995	NUM
iiclr-17591	2127	70	]	]	X
iiclr-17591	2128	1	ind	ind	NOUN
iiclr-17591	2128	2	.	.	PUNCT
iiclr-17591	2129	1	int'l	int'l	PROPN
iiclr-17591	2129	2	&	&	CCONJ
iiclr-17591	2129	3	comp	comp	PROPN
iiclr-17591	2129	4	.	.	PUNCT
iiclr-17591	2130	1	l	l	PROPN
iiclr-17591	2130	2	rev	rev	PROPN
iiclr-17591	2130	3	.	.	PUNCT
iiclr-17591	2130	4	c.	c.	NOUN
iiclr-17591	2130	5	managers	manager	NOUN
iiclr-17591	2130	6	and	and	CCONJ
iiclr-17591	2130	7	monitors	monitor	NOUN
iiclr-17591	2130	8	in	in	ADP
iiclr-17591	2130	9	italian	italian	ADJ
iiclr-17591	2130	10	corporate	corporate	ADJ
iiclr-17591	2130	11	governance	governance	NOUN
iiclr-17591	2130	12	.	.	PUNCT
iiclr-17591	2131	1	c.i	c.i	NOUN
iiclr-17591	2131	2	.	.	PROPN
iiclr-17591	2132	1	although	although	SCONJ
iiclr-17591	2132	2	large	large	ADJ
iiclr-17591	2132	3	firms	firm	NOUN
iiclr-17591	2132	4	often	often	ADV
iiclr-17591	2132	5	resort	resort	VERB
iiclr-17591	2132	6	to	to	ADP
iiclr-17591	2132	7	professional	professional	ADJ
iiclr-17591	2132	8	managers	manager	NOUN
iiclr-17591	2132	9	,	,	PUNCT
iiclr-17591	2132	10	ownership	ownership	NOUN
iiclr-17591	2132	11	and	and	CCONJ
iiclr-17591	2132	12	control	control	NOUN
iiclr-17591	2132	13	in	in	ADP
iiclr-17591	2132	14	italian	italian	ADJ
iiclr-17591	2132	15	companies	company	NOUN
iiclr-17591	2132	16	are	be	AUX
iiclr-17591	2132	17	not	not	PART
iiclr-17591	2132	18	separated	separate	VERB
iiclr-17591	2132	19	.	.	PUNCT
iiclr-17591	2133	1	closely	closely	ADV
iiclr-17591	2133	2	held	hold	VERB
iiclr-17591	2133	3	,	,	PUNCT
iiclr-17591	2133	4	unlisted	unlisted	ADJ
iiclr-17591	2133	5	companies	company	NOUN
iiclr-17591	2133	6	are	be	AUX
iiclr-17591	2133	7	managed	manage	VERB
iiclr-17591	2133	8	by	by	ADP
iiclr-17591	2133	9	100	100	NUM
iiclr-17591	2133	10	%	%	NOUN
iiclr-17591	2133	11	owners	owner	NOUN
iiclr-17591	2133	12	,	,	PUNCT
iiclr-17591	2133	13	or	or	CCONJ
iiclr-17591	2133	14	under	under	ADP
iiclr-17591	2133	15	their	their	PRON
iiclr-17591	2133	16	active	active	ADJ
iiclr-17591	2133	17	supervision	supervision	NOUN
iiclr-17591	2133	18	.	.	PUNCT
iiclr-17591	2134	1	widely	widely	ADV
iiclr-17591	2134	2	held	hold	VERB
iiclr-17591	2134	3	,	,	PUNCT
iiclr-17591	2134	4	listed	list	VERB
iiclr-17591	2134	5	companies	company	NOUN
iiclr-17591	2134	6	are	be	AUX
iiclr-17591	2134	7	managed	manage	VERB
iiclr-17591	2134	8	by	by	ADP
iiclr-17591	2134	9	majority	majority	NOUN
iiclr-17591	2134	10	shareholders	shareholder	NOUN
iiclr-17591	2134	11	,	,	PUNCT
iiclr-17591	2134	12	acting	act	VERB
iiclr-17591	2134	13	alone	alone	ADV
iiclr-17591	2134	14	or	or	CCONJ
iiclr-17591	2134	15	in	in	ADP
iiclr-17591	2134	16	stable	stable	ADJ
iiclr-17591	2134	17	associations	association	NOUN
iiclr-17591	2134	18	,	,	PUNCT
iiclr-17591	2134	19	or	or	CCONJ
iiclr-17591	2134	20	under	under	ADP
iiclr-17591	2134	21	their	their	PRON
iiclr-17591	2134	22	active	active	ADJ
iiclr-17591	2134	23	supervision	supervision	NOUN
iiclr-17591	2134	24	.	.	PUNCT
iiclr-17591	2135	1	italian	italian	ADJ
iiclr-17591	2135	2	capitalism	capitalism	NOUN
iiclr-17591	2135	3	is	be	AUX
iiclr-17591	2135	4	thus	thus	ADV
iiclr-17591	2135	5	based	base	VERB
iiclr-17591	2135	6	on	on	ADP
iiclr-17591	2135	7	direct	direct	ADJ
iiclr-17591	2135	8	control	control	NOUN
iiclr-17591	2135	9	of	of	ADP
iiclr-17591	2135	10	strong	strong	ADJ
iiclr-17591	2135	11	owners	owner	NOUN
iiclr-17591	2135	12	.	.	PUNCT
iiclr-17591	2136	1	c.2	c.2	ADJ
iiclr-17591	2136	2	.	.	PUNCT
iiclr-17591	2137	1	external	external	ADJ
iiclr-17591	2137	2	monitoring	monitoring	NOUN
iiclr-17591	2137	3	on	on	ADP
iiclr-17591	2137	4	the	the	DET
iiclr-17591	2137	5	activity	activity	NOUN
iiclr-17591	2137	6	of	of	ADP
iiclr-17591	2137	7	large	large	ADJ
iiclr-17591	2137	8	shareholders	shareholder	NOUN
iiclr-17591	2137	9	is	be	AUX
iiclr-17591	2137	10	weak	weak	ADJ
iiclr-17591	2137	11	.	.	PUNCT
iiclr-17591	2138	1	financial	financial	ADJ
iiclr-17591	2138	2	institutions	institution	NOUN
iiclr-17591	2138	3	are	be	AUX
iiclr-17591	2138	4	marginally	marginally	ADV
iiclr-17591	2138	5	involved	involve	VERB
iiclr-17591	2138	6	as	as	ADP
iiclr-17591	2138	7	equity	equity	NOUN
iiclr-17591	2138	8	holders	holder	NOUN
iiclr-17591	2138	9	.	.	PUNCT
iiclr-17591	2139	1	minority	minority	NOUN
iiclr-17591	2139	2	shareholders	shareholder	NOUN
iiclr-17591	2139	3	have	have	VERB
iiclr-17591	2139	4	little	little	ADJ
iiclr-17591	2139	5	or	or	CCONJ
iiclr-17591	2139	6	no	no	PRON
iiclr-17591	2139	7	voice	voice	NOUN
iiclr-17591	2139	8	either	either	CCONJ
iiclr-17591	2139	9	in	in	ADP
iiclr-17591	2139	10	management	management	NOUN
iiclr-17591	2139	11	or	or	CCONJ
iiclr-17591	2139	12	in	in	ADP
iiclr-17591	2139	13	monitoring	monitoring	NOUN
iiclr-17591	2139	14	.	.	PUNCT
iiclr-17591	2140	1	the	the	DET
iiclr-17591	2140	2	public	public	ADJ
iiclr-17591	2140	3	stock	stock	NOUN
iiclr-17591	2140	4	market	market	NOUN
iiclr-17591	2140	5	can	can	AUX
iiclr-17591	2140	6	monitor	monitor	VERB
iiclr-17591	2140	7	managers	manager	NOUN
iiclr-17591	2140	8	and	and	CCONJ
iiclr-17591	2140	9	can	can	AUX
iiclr-17591	2140	10	put	put	VERB
iiclr-17591	2140	11	pressure	pressure	NOUN
iiclr-17591	2140	12	on	on	ADP
iiclr-17591	2140	13	large	large	ADJ
iiclr-17591	2140	14	shareholders	shareholder	NOUN
iiclr-17591	2140	15	,	,	PUNCT
iiclr-17591	2140	16	but	but	CCONJ
iiclr-17591	2140	17	normally	normally	ADV
iiclr-17591	2140	18	can	can	AUX
iiclr-17591	2140	19	not	not	PART
iiclr-17591	2140	20	replace	replace	VERB
iiclr-17591	2140	21	them	they	PRON
iiclr-17591	2140	22	in	in	ADP
iiclr-17591	2140	23	the	the	DET
iiclr-17591	2140	24	control	control	NOUN
iiclr-17591	2140	25	of	of	ADP
iiclr-17591	2140	26	the	the	DET
iiclr-17591	2140	27	company	company	NOUN
iiclr-17591	2140	28	.	.	PUNCT
iiclr-17591	2141	1	c.3	c.3	X
iiclr-17591	2141	2	.	.	PUNCT
iiclr-17591	2142	1	owners	owner	NOUN
iiclr-17591	2142	2	-	-	PUNCT
iiclr-17591	2142	3	managers	manager	NOUN
iiclr-17591	2142	4	of	of	ADP
iiclr-17591	2142	5	italian	italian	ADJ
iiclr-17591	2142	6	companies	company	NOUN
iiclr-17591	2142	7	,	,	PUNCT
iiclr-17591	2142	8	then	then	ADV
iiclr-17591	2142	9	,	,	PUNCT
iiclr-17591	2142	10	have	have	VERB
iiclr-17591	2142	11	strong	strong	ADJ
iiclr-17591	2142	12	incentives	incentive	NOUN
iiclr-17591	2142	13	to	to	PART
iiclr-17591	2142	14	perform	perform	VERB
iiclr-17591	2142	15	well	well	ADV
iiclr-17591	2142	16	,	,	PUNCT
iiclr-17591	2142	17	but	but	CCONJ
iiclr-17591	2142	18	lack	lack	VERB
iiclr-17591	2142	19	external	external	ADJ
iiclr-17591	2142	20	monitors	monitor	NOUN
iiclr-17591	2142	21	.	.	PUNCT
iiclr-17591	2143	1	the	the	DET
iiclr-17591	2143	2	problem	problem	NOUN
iiclr-17591	2143	3	of	of	ADP
iiclr-17591	2143	4	lack	lack	NOUN
iiclr-17591	2143	5	of	of	ADP
iiclr-17591	2143	6	monitoring	monitoring	NOUN
iiclr-17591	2143	7	is	be	AUX
iiclr-17591	2143	8	particularly	particularly	ADV
iiclr-17591	2143	9	serious	serious	ADJ
iiclr-17591	2143	10	for	for	ADP
iiclr-17591	2143	11	acts	act	NOUN
iiclr-17591	2143	12	in	in	ADP
iiclr-17591	2143	13	conflicts	conflict	NOUN
iiclr-17591	2143	14	of	of	ADP
iiclr-17591	2143	15	interest	interest	NOUN
iiclr-17591	2143	16	,	,	PUNCT
iiclr-17591	2143	17	to	to	PART
iiclr-17591	2143	18	avoid	avoid	VERB
iiclr-17591	2143	19	which	which	PRON
iiclr-17591	2143	20	spontaneous	spontaneous	ADJ
iiclr-17591	2143	21	incentives	incentive	NOUN
iiclr-17591	2143	22	are	be	AUX
iiclr-17591	2143	23	not	not	PART
iiclr-17591	2143	24	sufficient	sufficient	ADJ
iiclr-17591	2143	25	.	.	PUNCT
iiclr-17591	2144	1	c.4	c.4	PROPN
iiclr-17591	2144	2	.	.	PUNCT
iiclr-17591	2145	1	very	very	ADV
iiclr-17591	2145	2	important	important	ADJ
iiclr-17591	2145	3	changes	change	NOUN
iiclr-17591	2145	4	in	in	ADP
iiclr-17591	2145	5	the	the	DET
iiclr-17591	2145	6	now	now	ADV
iiclr-17591	2145	7	prevailing	prevail	VERB
iiclr-17591	2145	8	ownership	ownership	NOUN
iiclr-17591	2145	9	structure	structure	NOUN
iiclr-17591	2145	10	are	be	AUX
iiclr-17591	2145	11	to	to	PART
iiclr-17591	2145	12	be	be	AUX
iiclr-17591	2145	13	expected	expect	VERB
iiclr-17591	2145	14	in	in	ADP
iiclr-17591	2145	15	the	the	DET
iiclr-17591	2145	16	near	near	ADJ
iiclr-17591	2145	17	future	future	NOUN
iiclr-17591	2145	18	,	,	PUNCT
iiclr-17591	2145	19	and	and	CCONJ
iiclr-17591	2145	20	minority	minority	NOUN
iiclr-17591	2145	21	shareholders	shareholder	NOUN
iiclr-17591	2145	22	will	will	AUX
iiclr-17591	2145	23	play	play	VERB
iiclr-17591	2145	24	a	a	DET
iiclr-17591	2145	25	more	more	ADV
iiclr-17591	2145	26	important	important	ADJ
iiclr-17591	2145	27	role	role	NOUN
iiclr-17591	2145	28	in	in	ADP
iiclr-17591	2145	29	corporate	corporate	ADJ
iiclr-17591	2145	30	governance	governance	NOUN
iiclr-17591	2145	31	than	than	SCONJ
iiclr-17591	2145	32	they	they	PRON
iiclr-17591	2145	33	have	have	VERB
iiclr-17591	2145	34	so	so	ADV
iiclr-17591	2145	35	far	far	ADV
iiclr-17591	2145	36	.	.	PUNCT
iiclr-17591	2146	1	banks	bank	NOUN
iiclr-17591	2146	2	have	have	AUX
iiclr-17591	2146	3	recently	recently	ADV
iiclr-17591	2146	4	been	be	AUX
iiclr-17591	2146	5	allowed	allow	VERB
iiclr-17591	2146	6	to	to	PART
iiclr-17591	2146	7	own	own	VERB
iiclr-17591	2146	8	equity	equity	NOUN
iiclr-17591	2146	9	in	in	ADP
iiclr-17591	2146	10	non	non	ADJ
iiclr-17591	2146	11	-	-	ADJ
iiclr-17591	2146	12	financial	financial	ADJ
iiclr-17591	2146	13	finns	finn	NOUN
iiclr-17591	2146	14	and	and	CCONJ
iiclr-17591	2146	15	they	they	PRON
iiclr-17591	2146	16	are	be	AUX
iiclr-17591	2146	17	starting	start	VERB
iiclr-17591	2146	18	to	to	PART
iiclr-17591	2146	19	become	become	VERB
iiclr-17591	2146	20	actively	actively	ADV
iiclr-17591	2146	21	involved	involve	VERB
iiclr-17591	2146	22	as	as	ADP
iiclr-17591	2146	23	large	large	ADJ
iiclr-17591	2146	24	,	,	PUNCT
iiclr-17591	2146	25	minority	minority	NOUN
iiclr-17591	2146	26	owners	owner	NOUN
iiclr-17591	2146	27	.	.	PUNCT
iiclr-17591	2147	1	multiple	multiple	ADJ
iiclr-17591	2147	2	factors	factor	NOUN
iiclr-17591	2147	3	will	will	AUX
iiclr-17591	2147	4	give	give	VERB
iiclr-17591	2147	5	the	the	DET
iiclr-17591	2147	6	public	public	ADJ
iiclr-17591	2147	7	stock	stock	NOUN
iiclr-17591	2147	8	market	market	NOUN
iiclr-17591	2147	9	a	a	DET
iiclr-17591	2147	10	more	more	ADV
iiclr-17591	2147	11	central	central	ADJ
iiclr-17591	2147	12	role	role	NOUN
iiclr-17591	2147	13	in	in	ADP
iiclr-17591	2147	14	italian	italian	ADJ
iiclr-17591	2147	15	corporate	corporate	ADJ
iiclr-17591	2147	16	governance	governance	NOUN
iiclr-17591	2147	17	.	.	PUNCT
iiclr-17591	2148	1	c.5	c.5	NOUN
iiclr-17591	2148	2	.	.	PUNCT
iiclr-17591	2149	1	a	a	DET
iiclr-17591	2149	2	reform	reform	NOUN
iiclr-17591	2149	3	that	that	PRON
iiclr-17591	2149	4	empowers	empower	VERB
iiclr-17591	2149	5	minority	minority	NOUN
iiclr-17591	2149	6	shareholders	shareholder	NOUN
iiclr-17591	2149	7	to	to	PART
iiclr-17591	2149	8	bring	bring	VERB
iiclr-17591	2149	9	suits	suit	NOUN
iiclr-17591	2149	10	against	against	ADP
iiclr-17591	2149	11	directors	director	NOUN
iiclr-17591	2149	12	appears	appear	VERB
iiclr-17591	2149	13	necessary	necessary	ADJ
iiclr-17591	2149	14	to	to	PART
iiclr-17591	2149	15	encourage	encourage	VERB
iiclr-17591	2149	16	substantial	substantial	ADJ
iiclr-17591	2149	17	equity	equity	NOUN
iiclr-17591	2149	18	investments	investment	NOUN
iiclr-17591	2149	19	by	by	ADP
iiclr-17591	2149	20	minority	minority	NOUN
iiclr-17591	2149	21	shareholders	shareholder	NOUN
iiclr-17591	2149	22	.	.	PUNCT
iiclr-17591	2150	1	v.	v.	ADP
iiclr-17591	2150	2	corporate	corporate	ADJ
iiclr-17591	2150	3	governance	governance	NOUN
iiclr-17591	2150	4	in	in	ADP
iiclr-17591	2150	5	italy	italy	PROPN
iiclr-17591	2150	6	and	and	CCONJ
iiclr-17591	2150	7	the	the	DET
iiclr-17591	2150	8	system	system	NOUN
iiclr-17591	2150	9	of	of	ADP
iiclr-17591	2150	10	directors	director	NOUN
iiclr-17591	2150	11	'	'	PART
iiclr-17591	2150	12	liability	liability	NOUN
iiclr-17591	2150	13	:	:	PUNCT
iiclr-17591	2150	14	a	a	DET
iiclr-17591	2150	15	proposal	proposal	NOUN
iiclr-17591	2150	16	for	for	ADP
iiclr-17591	2150	17	reform	reform	NOUN
iiclr-17591	2150	18	a.	a.	NOUN
iiclr-17591	2150	19	directors	director	NOUN
iiclr-17591	2150	20	'	'	PART
iiclr-17591	2150	21	accountability	accountability	NOUN
iiclr-17591	2150	22	:	:	PUNCT
iiclr-17591	2150	23	who	who	PRON
iiclr-17591	2150	24	are	be	AUX
iiclr-17591	2150	25	the	the	DET
iiclr-17591	2150	26	plaintiffs	plaintiff	NOUN
iiclr-17591	2150	27	in	in	ADP
iiclr-17591	2150	28	liability	liability	NOUN
iiclr-17591	2150	29	suits	suit	NOUN
iiclr-17591	2150	30	against	against	ADP
iiclr-17591	2150	31	directors	director	NOUN
iiclr-17591	2150	32	?	?	PUNCT
iiclr-17591	2151	1	we	we	PRON
iiclr-17591	2151	2	have	have	AUX
iiclr-17591	2151	3	seen	see	VERB
iiclr-17591	2151	4	in	in	ADP
iiclr-17591	2151	5	part	part	NOUN
iiclr-17591	2151	6	iii	iii	NOUN
iiclr-17591	2151	7	that	that	PRON
iiclr-17591	2151	8	directors	director	NOUN
iiclr-17591	2151	9	can	can	AUX
iiclr-17591	2151	10	be	be	AUX
iiclr-17591	2151	11	liable	liable	ADJ
iiclr-17591	2151	12	either	either	CCONJ
iiclr-17591	2151	13	to	to	ADP
iiclr-17591	2151	14	the	the	DET
iiclr-17591	2151	15	company	company	NOUN
iiclr-17591	2151	16	or	or	CCONJ
iiclr-17591	2151	17	to	to	ADP
iiclr-17591	2151	18	individual	individual	ADJ
iiclr-17591	2151	19	shareholders,26	shareholders,26	NOUN
iiclr-17591	2151	20	'	'	PUNCT
iiclr-17591	2151	21	but	but	CCONJ
iiclr-17591	2151	22	that	that	SCONJ
iiclr-17591	2151	23	only	only	ADV
iiclr-17591	2151	24	the	the	DET
iiclr-17591	2151	25	company	company	NOUN
iiclr-17591	2151	26	,	,	PUNCT
iiclr-17591	2151	27	and	and	CCONJ
iiclr-17591	2151	28	not	not	PART
iiclr-17591	2151	29	individual	individual	ADJ
iiclr-17591	2151	30	shareholders	shareholder	NOUN
iiclr-17591	2151	31	,	,	PUNCT
iiclr-17591	2151	32	can	can	AUX
iiclr-17591	2151	33	sue	sue	VERB
iiclr-17591	2151	34	directors	director	NOUN
iiclr-17591	2151	35	for	for	ADP
iiclr-17591	2151	36	damages	damage	NOUN
iiclr-17591	2151	37	they	they	PRON
iiclr-17591	2151	38	caused	cause	VERB
iiclr-17591	2151	39	to	to	ADP
iiclr-17591	2151	40	the	the	DET
iiclr-17591	2151	41	firm	firm	NOUN
iiclr-17591	2151	42	.	.	PUNCT
iiclr-17591	2152	1	we	we	PRON
iiclr-17591	2152	2	have	have	AUX
iiclr-17591	2152	3	also	also	ADV
iiclr-17591	2152	4	seen	see	VERB
iiclr-17591	2152	5	that	that	SCONJ
iiclr-17591	2152	6	the	the	DET
iiclr-17591	2152	7	suit	suit	NOUN
iiclr-17591	2152	8	brought	bring	VERB
iiclr-17591	2152	9	by	by	ADP
iiclr-17591	2152	10	the	the	DET
iiclr-17591	2152	11	company	company	NOUN
iiclr-17591	2152	12	can	can	AUX
iiclr-17591	2152	13	be	be	AUX
iiclr-17591	2152	14	instituted	institute	VERB
iiclr-17591	2152	15	only	only	ADV
iiclr-17591	2152	16	following	follow	VERB
iiclr-17591	2152	17	authorization	authorization	NOUN
iiclr-17591	2152	18	by	by	ADP
iiclr-17591	2152	19	a	a	DET
iiclr-17591	2152	20	majority	majority	NOUN
iiclr-17591	2152	21	of	of	ADP
iiclr-17591	2152	22	the	the	DET
iiclr-17591	2152	23	shareholders	shareholder	NOUN
iiclr-17591	2152	24	.	.	PUNCT
iiclr-17591	2153	1	civil	civil	ADJ
iiclr-17591	2153	2	code	code	NOUN
iiclr-17591	2153	3	art	art	NOUN
iiclr-17591	2153	4	.	.	PUNCT
iiclr-17591	2154	1	2393	2393	NUM
iiclr-17591	2154	2	(	(	PUNCT
iiclr-17591	2154	3	italy	italy	PROPN
iiclr-17591	2154	4	)	)	PUNCT
iiclr-17591	2154	5	.	.	PUNCT
iiclr-17591	2155	1	in	in	ADP
iiclr-17591	2155	2	synthesis	synthesis	NOUN
iiclr-17591	2155	3	,	,	PUNCT
iiclr-17591	2155	4	then	then	ADV
iiclr-17591	2155	5	,	,	PUNCT
iiclr-17591	2155	6	shareholders	shareholder	NOUN
iiclr-17591	2155	7	can	can	AUX
iiclr-17591	2155	8	not	not	PART
iiclr-17591	2155	9	sue	sue	VERB
iiclr-17591	2155	10	directors	director	NOUN
iiclr-17591	2155	11	derivatively	derivatively	ADV
iiclr-17591	2155	12	on	on	ADP
iiclr-17591	2155	13	behalf	behalf	NOUN
iiclr-17591	2155	14	of	of	ADP
iiclr-17591	2155	15	the	the	DET
iiclr-17591	2155	16	261	261	NUM
iiclr-17591	2155	17	.	.	PUNCT
iiclr-17591	2156	1	we	we	PRON
iiclr-17591	2156	2	set	set	VERB
iiclr-17591	2156	3	aside	aside	ADP
iiclr-17591	2156	4	liability	liability	NOUN
iiclr-17591	2156	5	to	to	ADP
iiclr-17591	2156	6	creditors	creditor	NOUN
iiclr-17591	2156	7	and	and	CCONJ
iiclr-17591	2156	8	third	third	ADJ
iiclr-17591	2156	9	parties	party	NOUN
iiclr-17591	2156	10	(	(	PUNCT
iiclr-17591	2156	11	supra	supra	PROPN
iiclr-17591	2156	12	parts	part	NOUN
iiclr-17591	2156	13	iil.a	iil.a	PROPN
iiclr-17591	2156	14	,	,	PUNCT
iiclr-17591	2156	15	ilb	ilb	PROPN
iiclr-17591	2156	16	)	)	PUNCT
iiclr-17591	2156	17	as	as	ADP
iiclr-17591	2156	18	negligible	negligible	ADJ
iiclr-17591	2156	19	from	from	ADP
iiclr-17591	2156	20	a	a	DET
iiclr-17591	2156	21	corporate	corporate	ADJ
iiclr-17591	2156	22	governance	governance	NOUN
iiclr-17591	2156	23	standpoint	standpoint	NOUN
iiclr-17591	2156	24	.	.	PUNCT
iiclr-17591	2157	1	it	it	PRON
iiclr-17591	2157	2	must	must	AUX
iiclr-17591	2157	3	be	be	AUX
iiclr-17591	2157	4	remembered	remember	VERB
iiclr-17591	2157	5	that	that	SCONJ
iiclr-17591	2157	6	individual	individual	ADJ
iiclr-17591	2157	7	shareholders	shareholder	NOUN
iiclr-17591	2157	8	are	be	AUX
iiclr-17591	2157	9	entitled	entitle	VERB
iiclr-17591	2157	10	only	only	ADV
iiclr-17591	2157	11	to	to	ADP
iiclr-17591	2157	12	"	"	PUNCT
iiclr-17591	2157	13	direct	direct	ADJ
iiclr-17591	2157	14	"	"	PUNCT
iiclr-17591	2157	15	damages	damage	NOUN
iiclr-17591	2157	16	,	,	PUNCT
iiclr-17591	2157	17	i.e.	i.e.	X
iiclr-17591	2157	18	,	,	PUNCT
iiclr-17591	2157	19	to	to	PART
iiclr-17591	2157	20	damages	damage	NOUN
iiclr-17591	2157	21	other	other	ADJ
iiclr-17591	2157	22	than	than	ADP
iiclr-17591	2157	23	those	those	PRON
iiclr-17591	2157	24	deriving	derive	VERB
iiclr-17591	2157	25	from	from	ADP
iiclr-17591	2157	26	the	the	DET
iiclr-17591	2157	27	loss	loss	NOUN
iiclr-17591	2157	28	of	of	ADP
iiclr-17591	2157	29	value	value	NOUN
iiclr-17591	2157	30	of	of	ADP
iiclr-17591	2157	31	their	their	PRON
iiclr-17591	2157	32	shares	share	NOUN
iiclr-17591	2157	33	(	(	PUNCT
iiclr-17591	2157	34	supra	supra	ADJ
iiclr-17591	2157	35	part	part	NOUN
iiclr-17591	2158	1	[	[	X
iiclr-17591	2158	2	hi	hi	INTJ
iiclr-17591	2158	3	.	.	PUNCT
iiclr-17591	2158	4	)	)	PUNCT
iiclr-17591	2158	5	.	.	PUNCT
iiclr-17591	2159	1	[	[	X
iiclr-17591	2159	2	vol	vol	NOUN
iiclr-17591	2159	3	.	.	PUNCT
iiclr-17591	2160	1	6:1i	6:1i	NUM
iiclr-17591	2160	2	corporate	corporate	ADJ
iiclr-17591	2160	3	governance	governance	NOUN
iiclr-17591	2160	4	in	in	ADP
iiclr-17591	2160	5	italy	italy	PROPN
iiclr-17591	2160	6	company	company	NOUN
iiclr-17591	2160	7	,	,	PUNCT
iiclr-17591	2160	8	and	and	CCONJ
iiclr-17591	2160	9	the	the	DET
iiclr-17591	2160	10	decision	decision	NOUN
iiclr-17591	2160	11	to	to	PART
iiclr-17591	2160	12	sue	sue	VERB
iiclr-17591	2160	13	is	be	AUX
iiclr-17591	2160	14	taken	take	VERB
iiclr-17591	2160	15	by	by	ADP
iiclr-17591	2160	16	the	the	DET
iiclr-17591	2160	17	company	company	NOUN
iiclr-17591	2160	18	according	accord	VERB
iiclr-17591	2160	19	to	to	ADP
iiclr-17591	2160	20	the	the	DET
iiclr-17591	2160	21	majority	majority	NOUN
iiclr-17591	2160	22	principle	principle	NOUN
iiclr-17591	2160	23	.	.	PUNCT
iiclr-17591	2161	1	it	it	PRON
iiclr-17591	2161	2	is	be	AUX
iiclr-17591	2161	3	now	now	ADV
iiclr-17591	2161	4	time	time	NOUN
iiclr-17591	2161	5	to	to	PART
iiclr-17591	2161	6	examine	examine	VERB
iiclr-17591	2161	7	directors	director	NOUN
iiclr-17591	2161	8	'	'	PART
iiclr-17591	2161	9	liability	liability	NOUN
iiclr-17591	2161	10	"	"	PUNCT
iiclr-17591	2161	11	in	in	ADP
iiclr-17591	2161	12	action	action	NOUN
iiclr-17591	2161	13	,	,	PUNCT
iiclr-17591	2161	14	"	"	PUNCT
iiclr-17591	2161	15	to	to	PART
iiclr-17591	2161	16	understand	understand	VERB
iiclr-17591	2161	17	how	how	SCONJ
iiclr-17591	2161	18	directors	director	NOUN
iiclr-17591	2161	19	'	'	PART
iiclr-17591	2161	20	liability	liability	NOUN
iiclr-17591	2161	21	is	be	AUX
iiclr-17591	2161	22	actually	actually	ADV
iiclr-17591	2161	23	enforced	enforce	VERB
iiclr-17591	2161	24	.	.	PUNCT
iiclr-17591	2162	1	the	the	DET
iiclr-17591	2162	2	starting	starting	NOUN
iiclr-17591	2162	3	point	point	NOUN
iiclr-17591	2162	4	of	of	ADP
iiclr-17591	2162	5	the	the	DET
iiclr-17591	2162	6	analysis	analysis	NOUN
iiclr-17591	2162	7	is	be	AUX
iiclr-17591	2162	8	to	to	PART
iiclr-17591	2162	9	understand	understand	VERB
iiclr-17591	2162	10	who	who	PRON
iiclr-17591	2162	11	plaintiffs	plaintiff	NOUN
iiclr-17591	2162	12	really	really	ADV
iiclr-17591	2162	13	are	be	AUX
iiclr-17591	2162	14	,	,	PUNCT
iiclr-17591	2162	15	i.e.	i.e.	X
iiclr-17591	2162	16	,	,	PUNCT
iiclr-17591	2162	17	who	who	PRON
iiclr-17591	2162	18	resorts	resort	VERB
iiclr-17591	2162	19	to	to	ADP
iiclr-17591	2162	20	the	the	DET
iiclr-17591	2162	21	courts	court	NOUN
iiclr-17591	2162	22	asking	ask	VERB
iiclr-17591	2162	23	for	for	SCONJ
iiclr-17591	2162	24	directors	director	NOUN
iiclr-17591	2162	25	to	to	PART
iiclr-17591	2162	26	be	be	AUX
iiclr-17591	2162	27	held	hold	VERB
iiclr-17591	2162	28	accountable	accountable	ADJ
iiclr-17591	2162	29	.	.	PUNCT
iiclr-17591	2163	1	as	as	ADP
iiclr-17591	2163	2	a	a	DET
iiclr-17591	2163	3	statistical	statistical	ADJ
iiclr-17591	2163	4	sample	sample	NOUN
iiclr-17591	2163	5	,	,	PUNCT
iiclr-17591	2163	6	i	i	PRON
iiclr-17591	2163	7	have	have	AUX
iiclr-17591	2163	8	chosen	choose	VERB
iiclr-17591	2163	9	cases	case	NOUN
iiclr-17591	2163	10	in	in	ADP
iiclr-17591	2163	11	which	which	PRON
iiclr-17591	2163	12	courts	court	NOUN
iiclr-17591	2163	13	were	be	AUX
iiclr-17591	2163	14	asked	ask	VERB
iiclr-17591	2163	15	either	either	CCONJ
iiclr-17591	2163	16	by	by	ADP
iiclr-17591	2163	17	companies	company	NOUN
iiclr-17591	2163	18	or	or	CCONJ
iiclr-17591	2163	19	by	by	ADP
iiclr-17591	2163	20	individual	individual	ADJ
iiclr-17591	2163	21	shareholders	shareholder	NOUN
iiclr-17591	2163	22	,	,	PUNCT
iiclr-17591	2163	23	on	on	ADP
iiclr-17591	2163	24	any	any	DET
iiclr-17591	2163	25	ground	ground	NOUN
iiclr-17591	2163	26	,	,	PUNCT
iiclr-17591	2163	27	to	to	PART
iiclr-17591	2163	28	award	award	VERB
iiclr-17591	2163	29	a	a	DET
iiclr-17591	2163	30	monetary	monetary	ADJ
iiclr-17591	2163	31	recovery	recovery	NOUN
iiclr-17591	2163	32	against	against	ADP
iiclr-17591	2163	33	directors	director	NOUN
iiclr-17591	2163	34	of	of	ADP
iiclr-17591	2163	35	companies	company	NOUN
iiclr-17591	2163	36	as	as	ADP
iiclr-17591	2163	37	a	a	DET
iiclr-17591	2163	38	consequence	consequence	NOUN
iiclr-17591	2163	39	of	of	ADP
iiclr-17591	2163	40	their	their	PRON
iiclr-17591	2163	41	action	action	NOUN
iiclr-17591	2163	42	.	.	PUNCT
iiclr-17591	2164	1	among	among	ADP
iiclr-17591	2164	2	all	all	DET
iiclr-17591	2164	3	cases	case	NOUN
iiclr-17591	2164	4	published	publish	VERB
iiclr-17591	2164	5	between	between	ADP
iiclr-17591	2164	6	1981	1981	NUM
iiclr-17591	2164	7	and	and	CCONJ
iiclr-17591	2164	8	1992	1992	NUM
iiclr-17591	2164	9	,	,	PUNCT
iiclr-17591	2164	10	seventy	seventy	NUM
iiclr-17591	2164	11	-	-	PUNCT
iiclr-17591	2164	12	two	two	NUM
iiclr-17591	2164	13	present	present	ADJ
iiclr-17591	2164	14	this	this	DET
iiclr-17591	2164	15	characteristic.262	characteristic.262	NOUN
iiclr-17591	2164	16	we	we	PRON
iiclr-17591	2164	17	first	first	ADV
iiclr-17591	2164	18	examine	examine	VERB
iiclr-17591	2164	19	actions	action	NOUN
iiclr-17591	2164	20	brought	bring	VERB
iiclr-17591	2164	21	by	by	ADP
iiclr-17591	2164	22	the	the	DET
iiclr-17591	2164	23	company	company	NOUN
iiclr-17591	2164	24	.	.	PUNCT
iiclr-17591	2165	1	actions	action	NOUN
iiclr-17591	2165	2	against	against	ADP
iiclr-17591	2165	3	directors	director	NOUN
iiclr-17591	2165	4	on	on	ADP
iiclr-17591	2165	5	behalf	behalf	NOUN
iiclr-17591	2165	6	of	of	ADP
iiclr-17591	2165	7	the	the	DET
iiclr-17591	2165	8	company	company	NOUN
iiclr-17591	2165	9	may	may	AUX
iiclr-17591	2165	10	be	be	AUX
iiclr-17591	2165	11	brought	bring	VERB
iiclr-17591	2165	12	(	(	PUNCT
iiclr-17591	2165	13	supra	supra	PROPN
iiclr-17591	2165	14	iil.c.2	iil.c.2	PROPN
iiclr-17591	2165	15	):	):	PUNCT
iiclr-17591	2165	16	(	(	PUNCT
iiclr-17591	2165	17	a	a	NOUN
iiclr-17591	2165	18	)	)	PUNCT
iiclr-17591	2165	19	by	by	ADP
iiclr-17591	2165	20	new	new	ADJ
iiclr-17591	2165	21	directors	director	NOUN
iiclr-17591	2165	22	or	or	CCONJ
iiclr-17591	2165	23	by	by	ADP
iiclr-17591	2165	24	a	a	DET
iiclr-17591	2165	25	specially	specially	ADV
iiclr-17591	2165	26	appointed	appoint	VERB
iiclr-17591	2165	27	agent	agent	NOUN
iiclr-17591	2165	28	for	for	ADP
iiclr-17591	2165	29	the	the	DET
iiclr-17591	2165	30	company	company	NOUN
iiclr-17591	2165	31	,	,	PUNCT
iiclr-17591	2165	32	following	follow	VERB
iiclr-17591	2165	33	authorization	authorization	NOUN
iiclr-17591	2165	34	by	by	ADP
iiclr-17591	2165	35	a	a	DET
iiclr-17591	2165	36	majority	majority	NOUN
iiclr-17591	2165	37	of	of	ADP
iiclr-17591	2165	38	the	the	DET
iiclr-17591	2165	39	shareholders	shareholder	NOUN
iiclr-17591	2165	40	(	(	PUNCT
iiclr-17591	2165	41	art	art	NOUN
iiclr-17591	2165	42	.	.	PUNCT
iiclr-17591	2166	1	2393(1	2393(1	X
iiclr-17591	2166	2	)	)	PUNCT
iiclr-17591	2166	3	civil	civil	ADJ
iiclr-17591	2166	4	code	code	NOUN
iiclr-17591	2166	5	)	)	PUNCT
iiclr-17591	2166	6	;	;	PUNCT
iiclr-17591	2166	7	(	(	PUNCT
iiclr-17591	2166	8	b	b	X
iiclr-17591	2166	9	)	)	PUNCT
iiclr-17591	2166	10	by	by	ADP
iiclr-17591	2166	11	a	a	DET
iiclr-17591	2166	12	bankruptcy	bankruptcy	NOUN
iiclr-17591	2166	13	trustee	trustee	NOUN
iiclr-17591	2166	14	(	(	PUNCT
iiclr-17591	2166	15	art	art	NOUN
iiclr-17591	2166	16	.	.	PUNCT
iiclr-17591	2167	1	146	146	NUM
iiclr-17591	2167	2	,	,	PUNCT
iiclr-17591	2167	3	royal	royal	ADJ
iiclr-17591	2167	4	decree	decree	NOUN
iiclr-17591	2167	5	of	of	ADP
iiclr-17591	2167	6	mar	mar	PROPN
iiclr-17591	2167	7	.	.	PROPN
iiclr-17591	2167	8	16	16	NUM
iiclr-17591	2167	9	,	,	PUNCT
iiclr-17591	2167	10	no	no	INTJ
iiclr-17591	2167	11	.	.	NOUN
iiclr-17591	2167	12	267	267	NUM
iiclr-17591	2167	13	)	)	PUNCT
iiclr-17591	2167	14	;	;	PUNCT
iiclr-17591	2167	15	(	(	PUNCT
iiclr-17591	2167	16	c	c	X
iiclr-17591	2167	17	)	)	PUNCT
iiclr-17591	2167	18	by	by	ADP
iiclr-17591	2167	19	a	a	DET
iiclr-17591	2167	20	temporary	temporary	ADJ
iiclr-17591	2167	21	administrator	administrator	NOUN
iiclr-17591	2167	22	appointed	appoint	VERB
iiclr-17591	2167	23	by	by	ADP
iiclr-17591	2167	24	the	the	DET
iiclr-17591	2167	25	court	court	NOUN
iiclr-17591	2167	26	following	follow	VERB
iiclr-17591	2167	27	an	an	DET
iiclr-17591	2167	28	investigation	investigation	NOUN
iiclr-17591	2167	29	(	(	PUNCT
iiclr-17591	2167	30	art	art	NOUN
iiclr-17591	2167	31	.	.	PUNCT
iiclr-17591	2168	1	2409	2409	NUM
iiclr-17591	2168	2	civil	civil	ADJ
iiclr-17591	2168	3	code	code	NOUN
iiclr-17591	2168	4	)	)	PUNCT
iiclr-17591	2168	5	.	.	PUNCT
iiclr-17591	2169	1	the	the	DET
iiclr-17591	2169	2	overwhelming	overwhelming	ADJ
iiclr-17591	2169	3	majority	majority	NOUN
iiclr-17591	2169	4	of	of	ADP
iiclr-17591	2169	5	suits	suit	NOUN
iiclr-17591	2169	6	against	against	ADP
iiclr-17591	2169	7	directors	director	NOUN
iiclr-17591	2169	8	for	for	ADP
iiclr-17591	2169	9	liability	liability	NOUN
iiclr-17591	2169	10	to	to	ADP
iiclr-17591	2169	11	the	the	DET
iiclr-17591	2169	12	company	company	NOUN
iiclr-17591	2169	13	is	be	AUX
iiclr-17591	2169	14	brought	bring	VERB
iiclr-17591	2169	15	by	by	ADP
iiclr-17591	2169	16	bankruptcy	bankruptcy	NOUN
iiclr-17591	2169	17	trustees	trustee	NOUN
iiclr-17591	2169	18	.	.	PUNCT
iiclr-17591	2170	1	a	a	DET
iiclr-17591	2170	2	very	very	ADV
iiclr-17591	2170	3	small	small	ADJ
iiclr-17591	2170	4	number	number	NOUN
iiclr-17591	2170	5	of	of	ADP
iiclr-17591	2170	6	suits	suit	NOUN
iiclr-17591	2170	7	are	be	AUX
iiclr-17591	2170	8	brought	bring	VERB
iiclr-17591	2170	9	by	by	ADP
iiclr-17591	2170	10	non	non	ADJ
iiclr-17591	2170	11	-	-	ADJ
iiclr-17591	2170	12	bankrupt	bankrupt	ADJ
iiclr-17591	2170	13	companies	company	NOUN
iiclr-17591	2170	14	following	follow	VERB
iiclr-17591	2170	15	a	a	DET
iiclr-17591	2170	16	majority	majority	NOUN
iiclr-17591	2170	17	vote	vote	NOUN
iiclr-17591	2170	18	of	of	ADP
iiclr-17591	2170	19	shareholders	shareholder	NOUN
iiclr-17591	2170	20	.	.	PUNCT
iiclr-17591	2171	1	only	only	ADV
iiclr-17591	2171	2	a	a	DET
iiclr-17591	2171	3	tiny	tiny	ADJ
iiclr-17591	2171	4	fraction	fraction	NOUN
iiclr-17591	2171	5	of	of	ADP
iiclr-17591	2171	6	liability	liability	NOUN
iiclr-17591	2171	7	suits	suit	NOUN
iiclr-17591	2171	8	are	be	AUX
iiclr-17591	2171	9	brought	bring	VERB
iiclr-17591	2171	10	by	by	ADP
iiclr-17591	2171	11	court	court	NOUN
iiclr-17591	2171	12	-	-	PUNCT
iiclr-17591	2171	13	appointed	appoint	VERB
iiclr-17591	2171	14	administrators.263	administrators.263	PROPN
iiclr-17591	2171	15	the	the	DET
iiclr-17591	2171	16	first	first	ADJ
iiclr-17591	2171	17	finding	finding	NOUN
iiclr-17591	2171	18	,	,	PUNCT
iiclr-17591	2171	19	then	then	ADV
iiclr-17591	2171	20	,	,	PUNCT
iiclr-17591	2171	21	is	be	AUX
iiclr-17591	2171	22	that	that	PRON
iiclr-17591	2171	23	very	very	ADV
iiclr-17591	2171	24	rarely	rarely	ADV
iiclr-17591	2171	25	does	do	VERB
iiclr-17591	2171	26	a	a	DET
iiclr-17591	2171	27	majority	majority	NOUN
iiclr-17591	2171	28	of	of	ADP
iiclr-17591	2171	29	the	the	DET
iiclr-17591	2171	30	shareholders	shareholder	NOUN
iiclr-17591	2171	31	decide	decide	VERB
iiclr-17591	2171	32	to	to	PART
iiclr-17591	2171	33	institute	institute	VERB
iiclr-17591	2171	34	an	an	DET
iiclr-17591	2171	35	action	action	NOUN
iiclr-17591	2171	36	for	for	ADP
iiclr-17591	2171	37	liability	liability	NOUN
iiclr-17591	2171	38	against	against	ADP
iiclr-17591	2171	39	directors.2m6	directors.2m6	PROPN
iiclr-17591	2171	40	262	262	NUM
iiclr-17591	2171	41	.	.	PUNCT
iiclr-17591	2172	1	the	the	DET
iiclr-17591	2172	2	statistical	statistical	ADJ
iiclr-17591	2172	3	sample	sample	NOUN
iiclr-17591	2172	4	consists	consist	VERB
iiclr-17591	2172	5	of	of	ADP
iiclr-17591	2172	6	a	a	DET
iiclr-17591	2172	7	selection	selection	NOUN
iiclr-17591	2172	8	based	base	VERB
iiclr-17591	2172	9	on	on	ADP
iiclr-17591	2172	10	cases	case	NOUN
iiclr-17591	2172	11	classified	classify	VERB
iiclr-17591	2172	12	under	under	ADP
iiclr-17591	2172	13	the	the	DET
iiclr-17591	2172	14	appropriate	appropriate	ADJ
iiclr-17591	2172	15	headings	heading	NOUN
iiclr-17591	2172	16	in	in	ADP
iiclr-17591	2172	17	foro	foro	PROPN
iiclr-17591	2172	18	italiano	italiano	PROPN
iiclr-17591	2172	19	.	.	PUNCT
iiclr-17591	2173	1	repertorio	repertorio	PROPN
iiclr-17591	2173	2	,	,	PUNCT
iiclr-17591	2173	3	annual	annual	ADJ
iiclr-17591	2173	4	editions	edition	NOUN
iiclr-17591	2173	5	between	between	ADP
iiclr-17591	2173	6	1981	1981	NUM
iiclr-17591	2173	7	and	and	CCONJ
iiclr-17591	2173	8	1992	1992	NUM
iiclr-17591	2173	9	(	(	PUNCT
iiclr-17591	2173	10	these	these	DET
iiclr-17591	2173	11	years	year	NOUN
iiclr-17591	2173	12	included	include	VERB
iiclr-17591	2173	13	)	)	PUNCT
iiclr-17591	2173	14	.	.	PUNCT
iiclr-17591	2174	1	in	in	ADP
iiclr-17591	2174	2	selecting	select	VERB
iiclr-17591	2174	3	the	the	DET
iiclr-17591	2174	4	relevant	relevant	ADJ
iiclr-17591	2174	5	cases	case	NOUN
iiclr-17591	2174	6	,	,	PUNCT
iiclr-17591	2174	7	i	i	PRON
iiclr-17591	2174	8	applied	apply	VERB
iiclr-17591	2174	9	the	the	DET
iiclr-17591	2174	10	following	follow	VERB
iiclr-17591	2174	11	criteria	criterion	NOUN
iiclr-17591	2174	12	:	:	PUNCT
iiclr-17591	2174	13	(	(	PUNCT
iiclr-17591	2174	14	a	a	X
iiclr-17591	2174	15	)	)	PUNCT
iiclr-17591	2174	16	cases	case	NOUN
iiclr-17591	2174	17	where	where	SCONJ
iiclr-17591	2174	18	the	the	DET
iiclr-17591	2174	19	court	court	NOUN
iiclr-17591	2174	20	dealt	deal	VERB
iiclr-17591	2174	21	with	with	ADP
iiclr-17591	2174	22	directors	director	NOUN
iiclr-17591	2174	23	'	'	PART
iiclr-17591	2174	24	liability	liability	NOUN
iiclr-17591	2174	25	only	only	ADV
iiclr-17591	2174	26	in	in	ADP
iiclr-17591	2174	27	dictum	dictum	NOUN
iiclr-17591	2174	28	have	have	AUX
iiclr-17591	2174	29	been	be	AUX
iiclr-17591	2174	30	excluded	exclude	VERB
iiclr-17591	2174	31	;	;	PUNCT
iiclr-17591	2174	32	(	(	PUNCT
iiclr-17591	2174	33	b	b	X
iiclr-17591	2174	34	)	)	PUNCT
iiclr-17591	2174	35	cases	case	NOUN
iiclr-17591	2174	36	classified	classify	VERB
iiclr-17591	2174	37	under	under	ADP
iiclr-17591	2174	38	multiple	multiple	ADJ
iiclr-17591	2174	39	headings	heading	NOUN
iiclr-17591	2174	40	have	have	AUX
iiclr-17591	2174	41	been	be	AUX
iiclr-17591	2174	42	counted	count	VERB
iiclr-17591	2174	43	only	only	ADV
iiclr-17591	2174	44	once	once	ADV
iiclr-17591	2174	45	;	;	PUNCT
iiclr-17591	2174	46	and	and	CCONJ
iiclr-17591	2174	47	(	(	PUNCT
iiclr-17591	2174	48	c	c	X
iiclr-17591	2174	49	)	)	PUNCT
iiclr-17591	2174	50	cases	case	NOUN
iiclr-17591	2174	51	concerning	concern	VERB
iiclr-17591	2174	52	the	the	DET
iiclr-17591	2174	53	same	same	ADJ
iiclr-17591	2174	54	parts	part	NOUN
iiclr-17591	2174	55	,	,	PUNCT
iiclr-17591	2174	56	but	but	CCONJ
iiclr-17591	2174	57	decided	decide	VERB
iiclr-17591	2174	58	at	at	ADP
iiclr-17591	2174	59	different	different	ADJ
iiclr-17591	2174	60	levels	level	NOUN
iiclr-17591	2174	61	(	(	PUNCT
iiclr-17591	2174	62	e.g.	e.g.	ADV
iiclr-17591	2174	63	,	,	PUNCT
iiclr-17591	2174	64	appellate	appellate	ADJ
iiclr-17591	2174	65	court	court	NOUN
iiclr-17591	2174	66	and	and	CCONJ
iiclr-17591	2174	67	court	court	NOUN
iiclr-17591	2174	68	of	of	ADP
iiclr-17591	2174	69	cassation	cassation	NOUN
iiclr-17591	2174	70	)	)	PUNCT
iiclr-17591	2174	71	,	,	PUNCT
iiclr-17591	2174	72	have	have	AUX
iiclr-17591	2174	73	been	be	AUX
iiclr-17591	2174	74	also	also	ADV
iiclr-17591	2174	75	counted	count	VERB
iiclr-17591	2174	76	only	only	ADV
iiclr-17591	2174	77	once	once	ADV
iiclr-17591	2174	78	.	.	PUNCT
iiclr-17591	2175	1	the	the	DET
iiclr-17591	2175	2	sample	sample	NOUN
iiclr-17591	2175	3	includes	include	VERB
iiclr-17591	2175	4	cases	case	NOUN
iiclr-17591	2175	5	decided	decide	VERB
iiclr-17591	2175	6	both	both	PRON
iiclr-17591	2175	7	by	by	ADP
iiclr-17591	2175	8	the	the	DET
iiclr-17591	2175	9	court	court	NOUN
iiclr-17591	2175	10	of	of	ADP
iiclr-17591	2175	11	cassation	cassation	NOUN
iiclr-17591	2175	12	and	and	CCONJ
iiclr-17591	2175	13	by	by	ADP
iiclr-17591	2175	14	lower	low	ADJ
iiclr-17591	2175	15	courts	court	NOUN
iiclr-17591	2175	16	(	(	PUNCT
iiclr-17591	2175	17	appellate	appellate	ADJ
iiclr-17591	2175	18	courts	court	NOUN
iiclr-17591	2175	19	,	,	PUNCT
iiclr-17591	2175	20	tribunals	tribunal	NOUN
iiclr-17591	2175	21	)	)	PUNCT
iiclr-17591	2175	22	.	.	PUNCT
iiclr-17591	2176	1	while	while	SCONJ
iiclr-17591	2176	2	virtually	virtually	ADV
iiclr-17591	2176	3	all	all	DET
iiclr-17591	2176	4	decisions	decision	NOUN
iiclr-17591	2176	5	issued	issue	VERB
iiclr-17591	2176	6	by	by	ADP
iiclr-17591	2176	7	the	the	DET
iiclr-17591	2176	8	court	court	NOUN
iiclr-17591	2176	9	of	of	ADP
iiclr-17591	2176	10	cassation	cassation	NOUN
iiclr-17591	2176	11	are	be	AUX
iiclr-17591	2176	12	published	publish	VERB
iiclr-17591	2176	13	in	in	ADP
iiclr-17591	2176	14	full	full	ADJ
iiclr-17591	2176	15	text	text	NOUN
iiclr-17591	2176	16	or	or	CCONJ
iiclr-17591	2176	17	abridged	abridge	VERB
iiclr-17591	2176	18	,	,	PUNCT
iiclr-17591	2176	19	only	only	ADV
iiclr-17591	2176	20	a	a	DET
iiclr-17591	2176	21	relatively	relatively	ADV
iiclr-17591	2176	22	small	small	ADJ
iiclr-17591	2176	23	part	part	NOUN
iiclr-17591	2176	24	of	of	ADP
iiclr-17591	2176	25	decisions	decision	NOUN
iiclr-17591	2176	26	issued	issue	VERB
iiclr-17591	2176	27	by	by	ADP
iiclr-17591	2176	28	appellate	appellate	ADJ
iiclr-17591	2176	29	courts	court	NOUN
iiclr-17591	2176	30	and	and	CCONJ
iiclr-17591	2176	31	tribunals	tribunal	NOUN
iiclr-17591	2176	32	are	be	AUX
iiclr-17591	2176	33	published	publish	VERB
iiclr-17591	2176	34	.	.	PUNCT
iiclr-17591	2177	1	the	the	DET
iiclr-17591	2177	2	selection	selection	NOUN
iiclr-17591	2177	3	is	be	AUX
iiclr-17591	2177	4	made	make	VERB
iiclr-17591	2177	5	on	on	ADP
iiclr-17591	2177	6	a	a	DET
iiclr-17591	2177	7	ease	ease	NOUN
iiclr-17591	2177	8	-	-	PUNCT
iiclr-17591	2177	9	by	by	ADP
iiclr-17591	2177	10	-	-	PUNCT
iiclr-17591	2177	11	case	case	NOUN
iiclr-17591	2177	12	basis	basis	NOUN
iiclr-17591	2177	13	by	by	ADP
iiclr-17591	2177	14	law	law	NOUN
iiclr-17591	2177	15	review	review	NOUN
iiclr-17591	2177	16	editors	editor	NOUN
iiclr-17591	2177	17	,	,	PUNCT
iiclr-17591	2177	18	and	and	CCONJ
iiclr-17591	2177	19	,	,	PUNCT
iiclr-17591	2177	20	quite	quite	ADV
iiclr-17591	2177	21	obviously	obviously	ADV
iiclr-17591	2177	22	,	,	PUNCT
iiclr-17591	2177	23	decisions	decision	NOUN
iiclr-17591	2177	24	that	that	PRON
iiclr-17591	2177	25	are	be	AUX
iiclr-17591	2177	26	selected	select	VERB
iiclr-17591	2177	27	for	for	ADP
iiclr-17591	2177	28	publication	publication	NOUN
iiclr-17591	2177	29	normally	normally	ADV
iiclr-17591	2177	30	involve	involve	VERB
iiclr-17591	2177	31	new	new	ADJ
iiclr-17591	2177	32	or	or	CCONJ
iiclr-17591	2177	33	unsettled	unsettled	ADJ
iiclr-17591	2177	34	legal	legal	ADJ
iiclr-17591	2177	35	questions	question	NOUN
iiclr-17591	2177	36	.	.	PUNCT
iiclr-17591	2178	1	263	263	NUM
iiclr-17591	2178	2	.	.	PUNCT
iiclr-17591	2179	1	see	see	VERB
iiclr-17591	2179	2	infra	infra	NOUN
iiclr-17591	2179	3	note	note	VERB
iiclr-17591	2179	4	278	278	NUM
iiclr-17591	2179	5	for	for	ADP
iiclr-17591	2179	6	an	an	DET
iiclr-17591	2179	7	explanation	explanation	NOUN
iiclr-17591	2179	8	of	of	ADP
iiclr-17591	2179	9	why	why	SCONJ
iiclr-17591	2179	10	liability	liability	NOUN
iiclr-17591	2179	11	actions	action	NOUN
iiclr-17591	2179	12	under	under	ADP
iiclr-17591	2179	13	c.c	c.c	PROPN
iiclr-17591	2179	14	.	.	PROPN
iiclr-17591	2179	15	art	art	PROPN
iiclr-17591	2179	16	.	.	PUNCT
iiclr-17591	2180	1	2409	2409	NUM
iiclr-17591	2180	2	(	(	PUNCT
iiclr-17591	2180	3	italy	italy	PROPN
iiclr-17591	2180	4	)	)	PUNCT
iiclr-17591	2180	5	are	be	AUX
iiclr-17591	2180	6	relatively	relatively	ADV
iiclr-17591	2180	7	rare	rare	ADJ
iiclr-17591	2180	8	.	.	PUNCT
iiclr-17591	2181	1	out	out	ADP
iiclr-17591	2181	2	of	of	ADP
iiclr-17591	2181	3	a	a	DET
iiclr-17591	2181	4	total	total	NOUN
iiclr-17591	2181	5	of	of	ADP
iiclr-17591	2181	6	56	56	NUM
iiclr-17591	2181	7	cases	case	NOUN
iiclr-17591	2181	8	dealing	deal	VERB
iiclr-17591	2181	9	with	with	ADP
iiclr-17591	2181	10	directors	director	NOUN
iiclr-17591	2181	11	'	'	PART
iiclr-17591	2181	12	liability	liability	NOUN
iiclr-17591	2181	13	to	to	ADP
iiclr-17591	2181	14	the	the	DET
iiclr-17591	2181	15	company	company	NOUN
iiclr-17591	2181	16	,	,	PUNCT
iiclr-17591	2181	17	40	40	NUM
iiclr-17591	2181	18	were	be	AUX
iiclr-17591	2181	19	brought	bring	VERB
iiclr-17591	2181	20	by	by	ADP
iiclr-17591	2181	21	bankruptcy	bankruptcy	NOUN
iiclr-17591	2181	22	trustees	trustee	NOUN
iiclr-17591	2181	23	,	,	PUNCT
iiclr-17591	2181	24	14	14	NUM
iiclr-17591	2181	25	were	be	AUX
iiclr-17591	2181	26	brought	bring	VERB
iiclr-17591	2181	27	by	by	ADP
iiclr-17591	2181	28	non	non	ADJ
iiclr-17591	2181	29	-	-	ADJ
iiclr-17591	2181	30	bankrupt	bankrupt	ADJ
iiclr-17591	2181	31	companies	company	NOUN
iiclr-17591	2181	32	following	follow	VERB
iiclr-17591	2181	33	a	a	DET
iiclr-17591	2181	34	shareholders	shareholder	NOUN
iiclr-17591	2181	35	'	'	PART
iiclr-17591	2181	36	vote	vote	NOUN
iiclr-17591	2181	37	,	,	PUNCT
iiclr-17591	2181	38	and	and	CCONJ
iiclr-17591	2181	39	only	only	ADV
iiclr-17591	2181	40	two	two	NUM
iiclr-17591	2181	41	were	be	AUX
iiclr-17591	2181	42	brought	bring	VERB
iiclr-17591	2181	43	by	by	ADP
iiclr-17591	2181	44	administrators	administrator	NOUN
iiclr-17591	2181	45	appointed	appoint	VERB
iiclr-17591	2181	46	by	by	ADP
iiclr-17591	2181	47	courts	court	NOUN
iiclr-17591	2181	48	under	under	ADP
iiclr-17591	2181	49	c.c	c.c	PROPN
iiclr-17591	2181	50	.	.	PROPN
iiclr-17591	2181	51	art	art	PROPN
iiclr-17591	2181	52	.	.	PUNCT
iiclr-17591	2182	1	2409	2409	NUM
iiclr-17591	2182	2	(	(	PUNCT
iiclr-17591	2182	3	italy	italy	PROPN
iiclr-17591	2182	4	)	)	PUNCT
iiclr-17591	2182	5	.	.	PUNCT
iiclr-17591	2183	1	264	264	X
iiclr-17591	2183	2	.	.	PUNCT
iiclr-17591	2184	1	published	publish	VERB
iiclr-17591	2184	2	cases	case	NOUN
iiclr-17591	2184	3	do	do	AUX
iiclr-17591	2184	4	not	not	PART
iiclr-17591	2184	5	fully	fully	ADV
iiclr-17591	2184	6	reflect	reflect	VERB
iiclr-17591	2184	7	the	the	DET
iiclr-17591	2184	8	predominance	predominance	NOUN
iiclr-17591	2184	9	of	of	ADP
iiclr-17591	2184	10	bankruptcy	bankruptcy	NOUN
iiclr-17591	2184	11	trustees	trustee	NOUN
iiclr-17591	2184	12	among	among	ADP
iiclr-17591	2184	13	plaintiffs	plaintiff	NOUN
iiclr-17591	2184	14	in	in	ADP
iiclr-17591	2184	15	actions	action	NOUN
iiclr-17591	2184	16	against	against	ADP
iiclr-17591	2184	17	directors	director	NOUN
iiclr-17591	2184	18	.	.	PUNCT
iiclr-17591	2185	1	two	two	NUM
iiclr-17591	2185	2	factors	factor	NOUN
iiclr-17591	2185	3	may	may	AUX
iiclr-17591	2185	4	contribute	contribute	VERB
iiclr-17591	2185	5	to	to	ADP
iiclr-17591	2185	6	such	such	ADJ
iiclr-17591	2185	7	under	under	ADP
iiclr-17591	2185	8	-	-	PUNCT
iiclr-17591	2185	9	representation	representation	NOUN
iiclr-17591	2185	10	:	:	PUNCT
iiclr-17591	2185	11	(	(	PUNCT
iiclr-17591	2185	12	a	a	X
iiclr-17591	2185	13	)	)	PUNCT
iiclr-17591	2185	14	most	most	ADJ
iiclr-17591	2185	15	cases	case	NOUN
iiclr-17591	2185	16	brought	bring	VERB
iiclr-17591	2185	17	by	by	ADP
iiclr-17591	2185	18	bankruptcy	bankruptcy	NOUN
iiclr-17591	2185	19	trustees	trustee	NOUN
iiclr-17591	2185	20	do	do	AUX
iiclr-17591	2185	21	not	not	PART
iiclr-17591	2185	22	reach	reach	VERB
iiclr-17591	2185	23	the	the	DET
iiclr-17591	2185	24	court	court	NOUN
iiclr-17591	2185	25	of	of	ADP
iiclr-17591	2185	26	cassation	cassation	NOUN
iiclr-17591	2185	27	level	level	NOUN
iiclr-17591	2185	28	and	and	CCONJ
iiclr-17591	2185	29	are	be	AUX
iiclr-17591	2185	30	not	not	PART
iiclr-17591	2185	31	otherwise	otherwise	ADV
iiclr-17591	2185	32	published	publish	VERB
iiclr-17591	2185	33	,	,	PUNCT
iiclr-17591	2185	34	as	as	SCONJ
iiclr-17591	2185	35	they	they	PRON
iiclr-17591	2185	36	rarely	rarely	ADV
iiclr-17591	2185	37	involve	involve	VERB
iiclr-17591	2185	38	uncertain	uncertain	ADJ
iiclr-17591	2185	39	questions	question	NOUN
iiclr-17591	2185	40	of	of	ADP
iiclr-17591	2185	41	law	law	NOUN
iiclr-17591	2185	42	,	,	PUNCT
iiclr-17591	2185	43	and	and	CCONJ
iiclr-17591	2185	44	(	(	PUNCT
iiclr-17591	2185	45	b	b	X
iiclr-17591	2185	46	)	)	PUNCT
iiclr-17591	2185	47	cases	case	NOUN
iiclr-17591	2185	48	brought	bring	VERB
iiclr-17591	2185	49	1995	1995	NUM
iiclr-17591	2185	50	]	]	PUNCT
iiclr-17591	2185	51	ind	ind	NOUN
iiclr-17591	2185	52	.	.	PUNCT
iiclr-17591	2186	1	int'l	int'l	PROPN
iiclr-17591	2186	2	&	&	CCONJ
iiclr-17591	2186	3	comp	comp	PROPN
iiclr-17591	2186	4	.	.	PUNCT
iiclr-17591	2187	1	l	l	PROPN
iiclr-17591	2187	2	rev	rev	VERB
iiclr-17591	2187	3	.	.	PUNCT
iiclr-17591	2188	1	it	it	PRON
iiclr-17591	2188	2	is	be	AUX
iiclr-17591	2188	3	not	not	PART
iiclr-17591	2188	4	less	less	ADV
iiclr-17591	2188	5	interesting	interesting	ADJ
iiclr-17591	2188	6	,	,	PUNCT
iiclr-17591	2188	7	however	however	ADV
iiclr-17591	2188	8	,	,	PUNCT
iiclr-17591	2188	9	to	to	PART
iiclr-17591	2188	10	understand	understand	VERB
iiclr-17591	2188	11	the	the	DET
iiclr-17591	2188	12	factual	factual	ADJ
iiclr-17591	2188	13	patterns	pattern	NOUN
iiclr-17591	2188	14	underlying	underlie	VERB
iiclr-17591	2188	15	the	the	DET
iiclr-17591	2188	16	very	very	ADV
iiclr-17591	2188	17	few	few	ADJ
iiclr-17591	2188	18	cases	case	NOUN
iiclr-17591	2188	19	in	in	ADP
iiclr-17591	2188	20	which	which	PRON
iiclr-17591	2188	21	shareholders	shareholder	NOUN
iiclr-17591	2188	22	authorized	authorize	VERB
iiclr-17591	2188	23	an	an	DET
iiclr-17591	2188	24	action	action	NOUN
iiclr-17591	2188	25	against	against	ADP
iiclr-17591	2188	26	directors	director	NOUN
iiclr-17591	2188	27	.	.	PUNCT
iiclr-17591	2189	1	in	in	ADP
iiclr-17591	2189	2	so	so	ADV
iiclr-17591	2189	3	doing	do	VERB
iiclr-17591	2189	4	,	,	PUNCT
iiclr-17591	2189	5	shareholders	shareholder	NOUN
iiclr-17591	2189	6	seem	seem	VERB
iiclr-17591	2189	7	to	to	PART
iiclr-17591	2189	8	have	have	AUX
iiclr-17591	2189	9	gone	go	VERB
iiclr-17591	2189	10	after	after	ADP
iiclr-17591	2189	11	the	the	DET
iiclr-17591	2189	12	very	very	ADJ
iiclr-17591	2189	13	people	people	NOUN
iiclr-17591	2189	14	they	they	PRON
iiclr-17591	2189	15	chose	choose	VERB
iiclr-17591	2189	16	,	,	PUNCT
iiclr-17591	2189	17	and	and	CCONJ
iiclr-17591	2189	18	with	with	ADP
iiclr-17591	2189	19	whom	whom	PRON
iiclr-17591	2189	20	,	,	PUNCT
iiclr-17591	2189	21	given	give	VERB
iiclr-17591	2189	22	the	the	DET
iiclr-17591	2189	23	italian	italian	ADJ
iiclr-17591	2189	24	concentrated	concentrated	ADJ
iiclr-17591	2189	25	ownership	ownership	NOUN
iiclr-17591	2189	26	structure	structure	NOUN
iiclr-17591	2189	27	(	(	PUNCT
iiclr-17591	2189	28	part	part	NOUN
iiclr-17591	2189	29	iv	iv	NUM
iiclr-17591	2189	30	)	)	PUNCT
iiclr-17591	2189	31	,	,	PUNCT
iiclr-17591	2189	32	they	they	PRON
iiclr-17591	2189	33	had	have	VERB
iiclr-17591	2189	34	such	such	DET
iiclr-17591	2189	35	a	a	DET
iiclr-17591	2189	36	tight	tight	ADJ
iiclr-17591	2189	37	relationship	relationship	NOUN
iiclr-17591	2189	38	.	.	PUNCT
iiclr-17591	2190	1	the	the	DET
iiclr-17591	2190	2	clue	clue	NOUN
iiclr-17591	2190	3	is	be	AUX
iiclr-17591	2190	4	that	that	SCONJ
iiclr-17591	2190	5	this	this	PRON
iiclr-17591	2190	6	is	be	AUX
iiclr-17591	2190	7	not	not	PART
iiclr-17591	2190	8	normally	normally	ADV
iiclr-17591	2190	9	the	the	DET
iiclr-17591	2190	10	case	case	NOUN
iiclr-17591	2190	11	.	.	PUNCT
iiclr-17591	2191	1	directors	director	NOUN
iiclr-17591	2191	2	were	be	AUX
iiclr-17591	2191	3	sued	sue	VERB
iiclr-17591	2191	4	following	follow	VERB
iiclr-17591	2191	5	a	a	DET
iiclr-17591	2191	6	shareholders	shareholder	NOUN
iiclr-17591	2191	7	'	'	PART
iiclr-17591	2191	8	vote	vote	NOUN
iiclr-17591	2191	9	mostly	mostly	ADV
iiclr-17591	2191	10	:	:	PUNCT
iiclr-17591	2191	11	(	(	PUNCT
iiclr-17591	2191	12	a	a	X
iiclr-17591	2191	13	)	)	PUNCT
iiclr-17591	2191	14	when	when	SCONJ
iiclr-17591	2191	15	control	control	NOUN
iiclr-17591	2191	16	had	have	AUX
iiclr-17591	2191	17	been	be	AUX
iiclr-17591	2191	18	transferred	transfer	VERB
iiclr-17591	2191	19	and	and	CCONJ
iiclr-17591	2191	20	the	the	DET
iiclr-17591	2191	21	sellers	seller	NOUN
iiclr-17591	2191	22	could	could	AUX
iiclr-17591	2191	23	not	not	PART
iiclr-17591	2191	24	or	or	CCONJ
iiclr-17591	2191	25	did	do	AUX
iiclr-17591	2191	26	not	not	PART
iiclr-17591	2191	27	vote	vote	VERB
iiclr-17591	2191	28	to	to	PART
iiclr-17591	2191	29	relieve	relieve	VERB
iiclr-17591	2191	30	the	the	DET
iiclr-17591	2191	31	directors	director	NOUN
iiclr-17591	2191	32	they	they	PRON
iiclr-17591	2191	33	elected	elect	VERB
iiclr-17591	2191	34	of	of	ADP
iiclr-17591	2191	35	any	any	DET
iiclr-17591	2191	36	liability	liability	NOUN
iiclr-17591	2191	37	,	,	PUNCT
iiclr-17591	2191	38	so	so	SCONJ
iiclr-17591	2191	39	that	that	SCONJ
iiclr-17591	2191	40	the	the	DET
iiclr-17591	2191	41	new	new	ADJ
iiclr-17591	2191	42	majority	majority	NOUN
iiclr-17591	2191	43	,	,	PUNCT
iiclr-17591	2191	44	often	often	ADV
iiclr-17591	2191	45	opportunistically	opportunistically	ADV
iiclr-17591	2191	46	,	,	PUNCT
iiclr-17591	2191	47	sued	sue	VERB
iiclr-17591	2191	48	the	the	DET
iiclr-17591	2191	49	previous	previous	ADJ
iiclr-17591	2191	50	directors;23	directors;23	NOUN
iiclr-17591	2191	51	(	(	PUNCT
iiclr-17591	2191	52	b	b	NOUN
iiclr-17591	2191	53	)	)	PUNCT
iiclr-17591	2191	54	when	when	SCONJ
iiclr-17591	2191	55	directors	director	NOUN
iiclr-17591	2191	56	had	have	AUX
iiclr-17591	2191	57	been	be	AUX
iiclr-17591	2191	58	elected	elect	VERB
iiclr-17591	2191	59	by	by	ADP
iiclr-17591	2191	60	distant	distant	ADJ
iiclr-17591	2191	61	,	,	PUNCT
iiclr-17591	2191	62	but	but	CCONJ
iiclr-17591	2191	63	not	not	PART
iiclr-17591	2191	64	weak	weak	ADJ
iiclr-17591	2191	65	shareholders	shareholder	NOUN
iiclr-17591	2191	66	who	who	PRON
iiclr-17591	2191	67	,	,	PUNCT
iiclr-17591	2191	68	again	again	ADV
iiclr-17591	2191	69	opportunistically	opportunistically	ADV
iiclr-17591	2191	70	,	,	PUNCT
iiclr-17591	2191	71	did	do	AUX
iiclr-17591	2191	72	not	not	PART
iiclr-17591	2191	73	hesitate	hesitate	VERB
iiclr-17591	2191	74	to	to	PART
iiclr-17591	2191	75	sacrifice	sacrifice	VERB
iiclr-17591	2191	76	directors	director	NOUN
iiclr-17591	2191	77	to	to	PART
iiclr-17591	2191	78	protect	protect	VERB
iiclr-17591	2191	79	their	their	PRON
iiclr-17591	2191	80	own	own	ADJ
iiclr-17591	2191	81	by	by	ADP
iiclr-17591	2191	82	non	non	ADJ
iiclr-17591	2191	83	-	-	ADJ
iiclr-17591	2191	84	bankrupt	bankrupt	ADJ
iiclr-17591	2191	85	companies	company	NOUN
iiclr-17591	2191	86	,	,	PUNCT
iiclr-17591	2191	87	discussed	discuss	VERB
iiclr-17591	2191	88	infra	infra	NOUN
iiclr-17591	2191	89	,	,	PUNCT
iiclr-17591	2191	90	do	do	AUX
iiclr-17591	2191	91	normally	normally	ADV
iiclr-17591	2191	92	involve	involve	VERB
iiclr-17591	2191	93	particular	particular	ADJ
iiclr-17591	2191	94	factual	factual	ADJ
iiclr-17591	2191	95	situations	situation	NOUN
iiclr-17591	2191	96	(	(	PUNCT
iiclr-17591	2191	97	reversals	reversal	NOUN
iiclr-17591	2191	98	of	of	ADP
iiclr-17591	2191	99	alliances	alliance	NOUN
iiclr-17591	2191	100	,	,	PUNCT
iiclr-17591	2191	101	changes	change	NOUN
iiclr-17591	2191	102	in	in	ADP
iiclr-17591	2191	103	control	control	NOUN
iiclr-17591	2191	104	,	,	PUNCT
iiclr-17591	2191	105	etc	etc	X
iiclr-17591	2191	106	.	.	X
iiclr-17591	2191	107	)	)	PUNCT
iiclr-17591	2191	108	,	,	PUNCT
iiclr-17591	2191	109	and	and	CCONJ
iiclr-17591	2191	110	,	,	PUNCT
iiclr-17591	2191	111	thus	thus	ADV
iiclr-17591	2191	112	,	,	PUNCT
iiclr-17591	2191	113	are	be	AUX
iiclr-17591	2191	114	more	more	ADV
iiclr-17591	2191	115	likely	likely	ADJ
iiclr-17591	2191	116	to	to	PART
iiclr-17591	2191	117	receive	receive	VERB
iiclr-17591	2191	118	attention	attention	NOUN
iiclr-17591	2191	119	by	by	ADP
iiclr-17591	2191	120	law	law	NOUN
iiclr-17591	2191	121	review	review	NOUN
iiclr-17591	2191	122	editors	editor	NOUN
iiclr-17591	2191	123	.	.	PUNCT
iiclr-17591	2192	1	even	even	ADV
iiclr-17591	2192	2	so	so	ADV
iiclr-17591	2192	3	,	,	PUNCT
iiclr-17591	2192	4	however	however	ADV
iiclr-17591	2192	5	,	,	PUNCT
iiclr-17591	2192	6	the	the	DET
iiclr-17591	2192	7	results	result	NOUN
iiclr-17591	2192	8	are	be	AUX
iiclr-17591	2192	9	sufficiently	sufficiently	ADV
iiclr-17591	2192	10	eloquent	eloquent	ADJ
iiclr-17591	2192	11	in	in	ADP
iiclr-17591	2192	12	showing	show	VERB
iiclr-17591	2192	13	that	that	SCONJ
iiclr-17591	2192	14	directors	director	NOUN
iiclr-17591	2192	15	,	,	PUNCT
iiclr-17591	2192	16	absent	absent	ADJ
iiclr-17591	2192	17	exceptional	exceptional	ADJ
iiclr-17591	2192	18	circumstances	circumstance	NOUN
iiclr-17591	2192	19	or	or	CCONJ
iiclr-17591	2192	20	bankruptcy	bankruptcy	NOUN
iiclr-17591	2192	21	,	,	PUNCT
iiclr-17591	2192	22	are	be	AUX
iiclr-17591	2192	23	rarely	rarely	ADV
iiclr-17591	2192	24	held	hold	VERB
iiclr-17591	2192	25	accountable	accountable	ADJ
iiclr-17591	2192	26	.	.	PUNCT
iiclr-17591	2193	1	265	265	X
iiclr-17591	2193	2	.	.	PUNCT
iiclr-17591	2194	1	in	in	ADP
iiclr-17591	2194	2	the	the	DET
iiclr-17591	2194	3	case	case	NOUN
iiclr-17591	2194	4	judgment	judgment	NOUN
iiclr-17591	2194	5	of	of	ADP
iiclr-17591	2194	6	may	may	PROPN
iiclr-17591	2194	7	8	8	NUM
iiclr-17591	2194	8	,	,	PUNCT
iiclr-17591	2194	9	1991	1991	NUM
iiclr-17591	2194	10	,	,	PUNCT
iiclr-17591	2194	11	no	no	INTJ
iiclr-17591	2194	12	.	.	NOUN
iiclr-17591	2194	13	5123	5123	NUM
iiclr-17591	2194	14	,	,	PUNCT
iiclr-17591	2194	15	cass	cass	PROPN
iiclr-17591	2194	16	.	.	PUNCT
iiclr-17591	2194	17	civ	civ	PROPN
iiclr-17591	2194	18	.	.	PROPN
iiclr-17591	2194	19	,	,	PUNCT
iiclr-17591	2194	20	1992	1992	NUM
iiclr-17591	2194	21	foro	foro	PROPN
iiclr-17591	2194	22	rraliano	rraliano	VERB
iiclr-17591	2194	23	i	i	PRON
iiclr-17591	2194	24	,	,	PUNCT
iiclr-17591	2194	25	817	817	NUM
iiclr-17591	2194	26	,	,	PUNCT
iiclr-17591	2194	27	for	for	ADP
iiclr-17591	2194	28	instance	instance	NOUN
iiclr-17591	2194	29	,	,	PUNCT
iiclr-17591	2194	30	the	the	DET
iiclr-17591	2194	31	parent	parent	NOUN
iiclr-17591	2194	32	company	company	NOUN
iiclr-17591	2194	33	went	go	VERB
iiclr-17591	2194	34	bankrupt	bankrupt	ADJ
iiclr-17591	2194	35	and	and	CCONJ
iiclr-17591	2194	36	the	the	DET
iiclr-17591	2194	37	trustee	trustee	NOUN
iiclr-17591	2194	38	sold	sell	VERB
iiclr-17591	2194	39	the	the	DET
iiclr-17591	2194	40	shares	share	NOUN
iiclr-17591	2194	41	.	.	PUNCT
iiclr-17591	2195	1	the	the	DET
iiclr-17591	2195	2	buyers	buyer	NOUN
iiclr-17591	2195	3	voted	vote	VERB
iiclr-17591	2195	4	for	for	SCONJ
iiclr-17591	2195	5	a	a	DET
iiclr-17591	2195	6	liability	liability	NOUN
iiclr-17591	2195	7	suit	suit	NOUN
iiclr-17591	2195	8	against	against	ADP
iiclr-17591	2195	9	the	the	DET
iiclr-17591	2195	10	former	former	ADJ
iiclr-17591	2195	11	directors	director	NOUN
iiclr-17591	2195	12	to	to	PART
iiclr-17591	2195	13	be	be	AUX
iiclr-17591	2195	14	instituted	institute	VERB
iiclr-17591	2195	15	by	by	ADP
iiclr-17591	2195	16	the	the	DET
iiclr-17591	2195	17	company	company	NOUN
iiclr-17591	2195	18	.	.	PUNCT
iiclr-17591	2196	1	in	in	ADP
iiclr-17591	2196	2	judgment	judgment	NOUN
iiclr-17591	2196	3	of	of	ADP
iiclr-17591	2196	4	june	june	PROPN
iiclr-17591	2196	5	22	22	NUM
iiclr-17591	2196	6	,	,	PUNCT
iiclr-17591	2196	7	1990	1990	NUM
iiclr-17591	2196	8	,	,	PUNCT
iiclr-17591	2196	9	cass	cass	PROPN
iiclr-17591	2196	10	.	.	PUNCT
iiclr-17591	2196	11	civ	civ	PROPN
iiclr-17591	2196	12	.	.	PROPN
iiclr-17591	2196	13	,	,	PUNCT
iiclr-17591	2196	14	1992	1992	NUM
iiclr-17591	2196	15	foro	foro	PROPN
iiclr-17591	2196	16	italiano	italiano	VERB
iiclr-17591	2196	17	i	i	PROPN
iiclr-17591	2196	18	,	,	PUNCT
iiclr-17591	2196	19	no	no	INTJ
iiclr-17591	2196	20	.	.	NOUN
iiclr-17591	2196	21	6278	6278	NUM
iiclr-17591	2196	22	,	,	PUNCT
iiclr-17591	2196	23	at	at	ADP
iiclr-17591	2196	24	1892	1892	NUM
iiclr-17591	2196	25	,	,	PUNCT
iiclr-17591	2196	26	the	the	DET
iiclr-17591	2196	27	control	control	NOUN
iiclr-17591	2196	28	was	be	AUX
iiclr-17591	2196	29	voluntarily	voluntarily	ADV
iiclr-17591	2196	30	transferred	transfer	VERB
iiclr-17591	2196	31	,	,	PUNCT
iiclr-17591	2196	32	apparently	apparently	ADV
iiclr-17591	2196	33	without	without	ADP
iiclr-17591	2196	34	any	any	DET
iiclr-17591	2196	35	covenant	covenant	NOUN
iiclr-17591	2196	36	or	or	CCONJ
iiclr-17591	2196	37	other	other	ADJ
iiclr-17591	2196	38	contractual	contractual	ADJ
iiclr-17591	2196	39	device	device	NOUN
iiclr-17591	2196	40	restricting	restrict	VERB
iiclr-17591	2196	41	the	the	DET
iiclr-17591	2196	42	buyers	buyer	NOUN
iiclr-17591	2196	43	from	from	ADP
iiclr-17591	2196	44	causing	cause	VERB
iiclr-17591	2196	45	the	the	DET
iiclr-17591	2196	46	company	company	NOUN
iiclr-17591	2196	47	to	to	PART
iiclr-17591	2196	48	sue	sue	VERB
iiclr-17591	2196	49	the	the	DET
iiclr-17591	2196	50	former	former	ADJ
iiclr-17591	2196	51	directors	director	NOUN
iiclr-17591	2196	52	;	;	PUNCT
iiclr-17591	2196	53	the	the	DET
iiclr-17591	2196	54	same	same	ADJ
iiclr-17591	2196	55	factual	factual	ADJ
iiclr-17591	2196	56	pattern	pattern	NOUN
iiclr-17591	2196	57	occurred	occur	VERB
iiclr-17591	2196	58	in	in	ADP
iiclr-17591	2196	59	judgment	judgment	NOUN
iiclr-17591	2196	60	of	of	ADP
iiclr-17591	2196	61	may	may	PROPN
iiclr-17591	2196	62	30	30	NUM
iiclr-17591	2196	63	,	,	PUNCT
iiclr-17591	2196	64	1985	1985	NUM
iiclr-17591	2196	65	,	,	PUNCT
iiclr-17591	2196	66	tribunal	tribunal	NOUN
iiclr-17591	2196	67	of	of	ADP
iiclr-17591	2196	68	catonia	catonia	PROPN
iiclr-17591	2196	69	,	,	PUNCT
iiclr-17591	2196	70	1986	1986	NUM
iiclr-17591	2196	71	giurisprudenza	giurisprudenza	PROPN
iiclr-17591	2196	72	commerciale	commerciale	PROPN
iiclr-17591	2196	73	1i	1i	NOUN
iiclr-17591	2196	74	,	,	PUNCT
iiclr-17591	2196	75	923	923	NUM
iiclr-17591	2196	76	.	.	PUNCT
iiclr-17591	2197	1	in	in	ADP
iiclr-17591	2197	2	all	all	DET
iiclr-17591	2197	3	cases	case	NOUN
iiclr-17591	2197	4	directors	director	NOUN
iiclr-17591	2197	5	were	be	AUX
iiclr-17591	2197	6	finally	finally	ADV
iiclr-17591	2197	7	held	hold	VERB
iiclr-17591	2197	8	liable	liable	ADJ
iiclr-17591	2197	9	.	.	PUNCT
iiclr-17591	2198	1	when	when	SCONJ
iiclr-17591	2198	2	the	the	DET
iiclr-17591	2198	3	company	company	NOUN
iiclr-17591	2198	4	sues	sue	VERB
iiclr-17591	2198	5	following	follow	VERB
iiclr-17591	2198	6	a	a	DET
iiclr-17591	2198	7	transfer	transfer	NOUN
iiclr-17591	2198	8	in	in	ADP
iiclr-17591	2198	9	its	its	PRON
iiclr-17591	2198	10	control	control	NOUN
iiclr-17591	2198	11	there	there	PRON
iiclr-17591	2198	12	is	be	VERB
iiclr-17591	2198	13	a	a	DET
iiclr-17591	2198	14	clear	clear	ADJ
iiclr-17591	2198	15	potential	potential	NOUN
iiclr-17591	2198	16	for	for	ADP
iiclr-17591	2198	17	abuse	abuse	NOUN
iiclr-17591	2198	18	.	.	PUNCT
iiclr-17591	2199	1	the	the	DET
iiclr-17591	2199	2	new	new	ADJ
iiclr-17591	2199	3	controlling	control	VERB
iiclr-17591	2199	4	shareholders	shareholder	NOUN
iiclr-17591	2199	5	may	may	AUX
iiclr-17591	2199	6	have	have	AUX
iiclr-17591	2199	7	bought	buy	VERB
iiclr-17591	2199	8	the	the	DET
iiclr-17591	2199	9	shares	share	NOUN
iiclr-17591	2199	10	at	at	ADP
iiclr-17591	2199	11	a	a	DET
iiclr-17591	2199	12	discount	discount	NOUN
iiclr-17591	2199	13	because	because	SCONJ
iiclr-17591	2199	14	of	of	ADP
iiclr-17591	2199	15	directors	director	NOUN
iiclr-17591	2199	16	'	'	PART
iiclr-17591	2199	17	mismanagement	mismanagement	NOUN
iiclr-17591	2199	18	or	or	CCONJ
iiclr-17591	2199	19	fraud	fraud	NOUN
iiclr-17591	2199	20	,	,	PUNCT
iiclr-17591	2199	21	and	and	CCONJ
iiclr-17591	2199	22	the	the	DET
iiclr-17591	2199	23	recovery	recovery	NOUN
iiclr-17591	2199	24	coming	come	VERB
iiclr-17591	2199	25	from	from	ADP
iiclr-17591	2199	26	a	a	DET
iiclr-17591	2199	27	suit	suit	NOUN
iiclr-17591	2199	28	against	against	ADP
iiclr-17591	2199	29	directors	director	NOUN
iiclr-17591	2199	30	may	may	AUX
iiclr-17591	2199	31	therefore	therefore	ADV
iiclr-17591	2199	32	come	come	VERB
iiclr-17591	2199	33	to	to	ADP
iiclr-17591	2199	34	them	they	PRON
iiclr-17591	2199	35	as	as	ADP
iiclr-17591	2199	36	a	a	DET
iiclr-17591	2199	37	windfall	windfall	NOUN
iiclr-17591	2199	38	.	.	PUNCT
iiclr-17591	2200	1	nevertheless	nevertheless	ADV
iiclr-17591	2200	2	,	,	PUNCT
iiclr-17591	2200	3	there	there	PRON
iiclr-17591	2200	4	is	be	VERB
iiclr-17591	2200	5	little	little	ADJ
iiclr-17591	2200	6	that	that	SCONJ
iiclr-17591	2200	7	a	a	DET
iiclr-17591	2200	8	court	court	NOUN
iiclr-17591	2200	9	can	can	AUX
iiclr-17591	2200	10	do	do	VERB
iiclr-17591	2200	11	to	to	PART
iiclr-17591	2200	12	prevent	prevent	VERB
iiclr-17591	2200	13	such	such	ADJ
iiclr-17591	2200	14	abuse	abuse	NOUN
iiclr-17591	2200	15	,	,	PUNCT
iiclr-17591	2200	16	as	as	ADP
iiclr-17591	2200	17	the	the	DET
iiclr-17591	2200	18	directors	director	NOUN
iiclr-17591	2200	19	,	,	PUNCT
iiclr-17591	2200	20	if	if	SCONJ
iiclr-17591	2200	21	they	they	PRON
iiclr-17591	2200	22	are	be	AUX
iiclr-17591	2200	23	liable	liable	ADJ
iiclr-17591	2200	24	,	,	PUNCT
iiclr-17591	2200	25	must	must	AUX
iiclr-17591	2200	26	compensate	compensate	VERB
iiclr-17591	2200	27	the	the	DET
iiclr-17591	2200	28	injured	injure	VERB
iiclr-17591	2200	29	company	company	NOUN
iiclr-17591	2200	30	(	(	PUNCT
iiclr-17591	2200	31	which	which	PRON
iiclr-17591	2200	32	may	may	AUX
iiclr-17591	2200	33	have	have	VERB
iiclr-17591	2200	34	minority	minority	NOUN
iiclr-17591	2200	35	shareholders	shareholder	NOUN
iiclr-17591	2200	36	)	)	PUNCT
iiclr-17591	2200	37	.	.	PUNCT
iiclr-17591	2201	1	the	the	DET
iiclr-17591	2201	2	windfall	windfall	NOUN
iiclr-17591	2201	3	,	,	PUNCT
iiclr-17591	2201	4	if	if	SCONJ
iiclr-17591	2201	5	any	any	PRON
iiclr-17591	2201	6	,	,	PUNCT
iiclr-17591	2201	7	derives	derive	VERB
iiclr-17591	2201	8	from	from	ADP
iiclr-17591	2201	9	an	an	DET
iiclr-17591	2201	10	imperfect	imperfect	ADJ
iiclr-17591	2201	11	allocation	allocation	NOUN
iiclr-17591	2201	12	of	of	ADP
iiclr-17591	2201	13	the	the	DET
iiclr-17591	2201	14	value	value	NOUN
iiclr-17591	2201	15	of	of	ADP
iiclr-17591	2201	16	the	the	DET
iiclr-17591	2201	17	possible	possible	ADJ
iiclr-17591	2201	18	recovery	recovery	NOUN
iiclr-17591	2201	19	between	between	ADP
iiclr-17591	2201	20	sellers	seller	NOUN
iiclr-17591	2201	21	and	and	CCONJ
iiclr-17591	2201	22	buyers	buyer	NOUN
iiclr-17591	2201	23	,	,	PUNCT
iiclr-17591	2201	24	sub	sub	NOUN
iiclr-17591	2201	25	specie	specie	NOUN
iiclr-17591	2201	26	of	of	ADP
iiclr-17591	2201	27	a	a	DET
iiclr-17591	2201	28	too	too	ADV
iiclr-17591	2201	29	low	low	ADJ
iiclr-17591	2201	30	price	price	NOUN
iiclr-17591	2201	31	of	of	ADP
iiclr-17591	2201	32	the	the	DET
iiclr-17591	2201	33	shares	share	NOUN
iiclr-17591	2201	34	.	.	PUNCT
iiclr-17591	2202	1	in	in	ADP
iiclr-17591	2202	2	judgment	judgment	NOUN
iiclr-17591	2202	3	of	of	ADP
iiclr-17591	2202	4	may	may	PROPN
iiclr-17591	2202	5	8,1991	8,1991	VERB
iiclr-17591	2202	6	,	,	PUNCT
iiclr-17591	2202	7	no	no	INTJ
iiclr-17591	2202	8	.	.	NOUN
iiclr-17591	2202	9	5123	5123	NUM
iiclr-17591	2202	10	,	,	PUNCT
iiclr-17591	2202	11	supra	supra	PROPN
iiclr-17591	2202	12	,	,	PUNCT
iiclr-17591	2202	13	the	the	DET
iiclr-17591	2202	14	italian	italian	ADJ
iiclr-17591	2202	15	court	court	NOUN
iiclr-17591	2202	16	of	of	ADP
iiclr-17591	2202	17	cassation	cassation	NOUN
iiclr-17591	2202	18	liquidated	liquidate	VERB
iiclr-17591	2202	19	this	this	DET
iiclr-17591	2202	20	defense	defense	NOUN
iiclr-17591	2202	21	with	with	ADP
iiclr-17591	2202	22	a	a	DET
iiclr-17591	2202	23	formalistic	formalistic	ADJ
iiclr-17591	2202	24	but	but	CCONJ
iiclr-17591	2202	25	inevitable	inevitable	ADJ
iiclr-17591	2202	26	argument	argument	NOUN
iiclr-17591	2202	27	,	,	PUNCT
iiclr-17591	2202	28	stressing	stress	VERB
iiclr-17591	2202	29	that	that	SCONJ
iiclr-17591	2202	30	the	the	DET
iiclr-17591	2202	31	plaintiff	plaintiff	NOUN
iiclr-17591	2202	32	was	be	AUX
iiclr-17591	2202	33	the	the	DET
iiclr-17591	2202	34	company	company	NOUN
iiclr-17591	2202	35	and	and	CCONJ
iiclr-17591	2202	36	not	not	PART
iiclr-17591	2202	37	a	a	DET
iiclr-17591	2202	38	shareholder	shareholder	NOUN
iiclr-17591	2202	39	.	.	PUNCT
iiclr-17591	2203	1	the	the	DET
iiclr-17591	2203	2	issue	issue	NOUN
iiclr-17591	2203	3	of	of	ADP
iiclr-17591	2203	4	potential	potential	ADJ
iiclr-17591	2203	5	windfalls	windfall	NOUN
iiclr-17591	2203	6	coming	come	VERB
iiclr-17591	2203	7	from	from	ADP
iiclr-17591	2203	8	liability	liability	NOUN
iiclr-17591	2203	9	suits	suit	NOUN
iiclr-17591	2203	10	instituted	institute	VERB
iiclr-17591	2203	11	after	after	ADP
iiclr-17591	2203	12	the	the	DET
iiclr-17591	2203	13	purchase	purchase	NOUN
iiclr-17591	2203	14	of	of	ADP
iiclr-17591	2203	15	shares	share	NOUN
iiclr-17591	2203	16	has	have	AUX
iiclr-17591	2203	17	been	be	AUX
iiclr-17591	2203	18	developed	develop	VERB
iiclr-17591	2203	19	in	in	ADP
iiclr-17591	2203	20	depth	depth	NOUN
iiclr-17591	2203	21	in	in	ADP
iiclr-17591	2203	22	american	american	ADJ
iiclr-17591	2203	23	law	law	NOUN
iiclr-17591	2203	24	,	,	PUNCT
iiclr-17591	2203	25	where	where	SCONJ
iiclr-17591	2203	26	plaintiffs	plaintiff	NOUN
iiclr-17591	2203	27	are	be	AUX
iiclr-17591	2203	28	shareholders	shareholder	NOUN
iiclr-17591	2203	29	,	,	PUNCT
iiclr-17591	2203	30	although	although	SCONJ
iiclr-17591	2203	31	acting	act	VERB
iiclr-17591	2203	32	derivatively	derivatively	ADV
iiclr-17591	2203	33	.	.	PUNCT
iiclr-17591	2204	1	see	see	VERB
iiclr-17591	2204	2	a	a	DET
iiclr-17591	2204	3	discussion	discussion	NOUN
iiclr-17591	2204	4	and	and	CCONJ
iiclr-17591	2204	5	a	a	DET
iiclr-17591	2204	6	partial	partial	ADJ
iiclr-17591	2204	7	critique	critique	NOUN
iiclr-17591	2204	8	of	of	ADP
iiclr-17591	2204	9	the	the	DET
iiclr-17591	2204	10	judicially	judicially	ADV
iiclr-17591	2204	11	created	create	VERB
iiclr-17591	2204	12	"	"	PUNCT
iiclr-17591	2204	13	contemporaneous	contemporaneous	ADJ
iiclr-17591	2204	14	ownership	ownership	NOUN
iiclr-17591	2204	15	rule	rule	NOUN
iiclr-17591	2204	16	"	"	PUNCT
iiclr-17591	2204	17	in	in	ADP
iiclr-17591	2204	18	clark	clark	PROPN
iiclr-17591	2204	19	,	,	PUNCT
iiclr-17591	2204	20	supra	supra	PROPN
iiclr-17591	2204	21	note	note	PROPN
iiclr-17591	2204	22	53	53	NUM
iiclr-17591	2204	23	,	,	PUNCT
iiclr-17591	2204	24	at	at	ADP
iiclr-17591	2204	25	650	650	NUM
iiclr-17591	2204	26	-	-	SYM
iiclr-17591	2204	27	52	52	NUM
iiclr-17591	2204	28	(	(	PUNCT
iiclr-17591	2204	29	contemporaneous	contemporaneous	ADJ
iiclr-17591	2204	30	ownership	ownership	NOUN
iiclr-17591	2204	31	rule	rule	NOUN
iiclr-17591	2204	32	may	may	AUX
iiclr-17591	2204	33	bar	bar	VERB
iiclr-17591	2204	34	suits	suit	NOUN
iiclr-17591	2204	35	by	by	ADP
iiclr-17591	2204	36	investors	investor	NOUN
iiclr-17591	2204	37	better	well	ADV
iiclr-17591	2204	38	situated	situated	ADJ
iiclr-17591	2204	39	or	or	CCONJ
iiclr-17591	2204	40	less	less	ADJ
iiclr-17591	2204	41	risk	risk	NOUN
iiclr-17591	2204	42	-	-	PUNCT
iiclr-17591	2204	43	averse	averse	ADJ
iiclr-17591	2204	44	than	than	ADP
iiclr-17591	2204	45	the	the	DET
iiclr-17591	2204	46	present	present	ADJ
iiclr-17591	2204	47	shareholders	shareholder	NOUN
iiclr-17591	2204	48	,	,	PUNCT
iiclr-17591	2204	49	whereas	whereas	SCONJ
iiclr-17591	2204	50	such	such	ADJ
iiclr-17591	2204	51	investors	investor	NOUN
iiclr-17591	2204	52	might	might	AUX
iiclr-17591	2204	53	otherwise	otherwise	ADV
iiclr-17591	2204	54	be	be	AUX
iiclr-17591	2204	55	willing	willing	ADJ
iiclr-17591	2204	56	to	to	PART
iiclr-17591	2204	57	buy	buy	VERB
iiclr-17591	2204	58	the	the	DET
iiclr-17591	2204	59	shares	share	NOUN
iiclr-17591	2204	60	and	and	CCONJ
iiclr-17591	2204	61	act	act	VERB
iiclr-17591	2204	62	as	as	ADP
iiclr-17591	2204	63	prosecutors	prosecutor	NOUN
iiclr-17591	2204	64	on	on	ADP
iiclr-17591	2204	65	behalf	behalf	NOUN
iiclr-17591	2204	66	of	of	ADP
iiclr-17591	2204	67	all	all	DET
iiclr-17591	2204	68	the	the	DET
iiclr-17591	2204	69	shareholders	shareholder	NOUN
iiclr-17591	2204	70	)	)	PUNCT
iiclr-17591	2204	71	;	;	PUNCT
iiclr-17591	2204	72	see	see	VERB
iiclr-17591	2204	73	also	also	ADV
iiclr-17591	2204	74	the	the	DET
iiclr-17591	2204	75	solution	solution	NOUN
iiclr-17591	2204	76	,	,	PUNCT
iiclr-17591	2204	77	partly	partly	ADV
iiclr-17591	2204	78	different	different	ADJ
iiclr-17591	2204	79	from	from	ADP
iiclr-17591	2204	80	the	the	DET
iiclr-17591	2204	81	"	"	PUNCT
iiclr-17591	2204	82	contemporaneous	contemporaneous	ADJ
iiclr-17591	2204	83	ownership	ownership	NOUN
iiclr-17591	2204	84	rule	rule	NOUN
iiclr-17591	2204	85	,	,	PUNCT
iiclr-17591	2204	86	"	"	PUNCT
iiclr-17591	2204	87	advocated	advocate	VERB
iiclr-17591	2204	88	in	in	ADP
iiclr-17591	2204	89	2	2	NUM
iiclr-17591	2204	90	american	american	ADJ
iiclr-17591	2204	91	law	law	NOUN
iiclr-17591	2204	92	instrrrre	instrrrre	NOUN
iiclr-17591	2204	93	,	,	PUNCT
iiclr-17591	2204	94	supra	supra	PROPN
iiclr-17591	2204	95	note	note	NOUN
iiclr-17591	2204	96	235	235	NUM
iiclr-17591	2204	97	,	,	PUNCT
iiclr-17591	2204	98	§	§	PROPN
iiclr-17591	2204	99	7.02	7.02	NUM
iiclr-17591	2204	100	(	(	PUNCT
iiclr-17591	2204	101	"	"	PUNCT
iiclr-17591	2204	102	a	a	DET
iiclr-17591	2204	103	holder	holder	NOUN
iiclr-17591	2204	104	of	of	ADP
iiclr-17591	2204	105	an	an	DET
iiclr-17591	2204	106	equity	equity	NOUN
iiclr-17591	2204	107	security	security	NOUN
iiclr-17591	2204	108	has	have	AUX
iiclr-17591	2204	109	standing	stand	VERB
iiclr-17591	2204	110	to	to	PART
iiclr-17591	2204	111	commence	commence	VERB
iiclr-17591	2204	112	and	and	CCONJ
iiclr-17591	2204	113	maintain	maintain	VERB
iiclr-17591	2204	114	a	a	DET
iiclr-17591	2204	115	derivative	derivative	ADJ
iiclr-17591	2204	116	action	action	NOUN
iiclr-17591	2204	117	if	if	SCONJ
iiclr-17591	2204	118	the	the	DET
iiclr-17591	2204	119	holder	holder	NOUN
iiclr-17591	2204	120	:	:	PUNCT
iiclr-17591	2204	121	(	(	PUNCT
iiclr-17591	2204	122	i	i	NOUN
iiclr-17591	2204	123	)	)	PUNCT
iiclr-17591	2204	124	acquired	acquire	VERB
iiclr-17591	2204	125	the	the	DET
iiclr-17591	2204	126	equity	equity	NOUN
iiclr-17591	2204	127	security	security	NOUN
iiclr-17591	2204	128	either	either	CCONJ
iiclr-17591	2204	129	(	(	PUNCT
iiclr-17591	2204	130	a	a	X
iiclr-17591	2204	131	)	)	PUNCT
iiclr-17591	2204	132	before	before	SCONJ
iiclr-17591	2204	133	the	the	DET
iiclr-17591	2204	134	material	material	NOUN
iiclr-17591	2204	135	facts	fact	NOUN
iiclr-17591	2204	136	relating	relate	VERB
iiclr-17591	2204	137	to	to	ADP
iiclr-17591	2204	138	the	the	DET
iiclr-17591	2204	139	alleged	allege	VERB
iiclr-17591	2204	140	wrong	wrong	NOUN
iiclr-17591	2204	141	were	be	AUX
iiclr-17591	2204	142	publicly	publicly	ADV
iiclr-17591	2204	143	disclosed	disclose	VERB
iiclr-17591	2204	144	or	or	CCONJ
iiclr-17591	2204	145	were	be	AUX
iiclr-17591	2204	146	known	know	VERB
iiclr-17591	2204	147	by	by	ADP
iiclr-17591	2204	148	,	,	PUNCT
iiclr-17591	2204	149	or	or	CCONJ
iiclr-17591	2204	150	specifically	specifically	ADV
iiclr-17591	2204	151	communicated	communicate	VERB
iiclr-17591	2204	152	to	to	ADP
iiclr-17591	2204	153	,	,	PUNCT
iiclr-17591	2204	154	the	the	DET
iiclr-17591	2204	155	holder	holder	NOUN
iiclr-17591	2204	156	,	,	PUNCT
iiclr-17591	2204	157	or	or	CCONJ
iiclr-17591	2204	158	(	(	PUNCT
iiclr-17591	2204	159	b	b	NOUN
iiclr-17591	2204	160	)	)	PUNCT
iiclr-17591	2204	161	by	by	ADP
iiclr-17591	2204	162	devolution	devolution	NOUN
iiclr-17591	2204	163	of	of	ADP
iiclr-17591	2204	164	law	law	NOUN
iiclr-17591	2204	165	...	...	PUNCT
iiclr-17591	2204	166	from	from	ADP
iiclr-17591	2204	167	a	a	DET
iiclr-17591	2204	168	holder	holder	NOUN
iiclr-17591	2204	169	[	[	PUNCT
iiclr-17591	2204	170	who	who	PRON
iiclr-17591	2204	171	would	would	AUX
iiclr-17591	2204	172	have	have	AUX
iiclr-17591	2204	173	had	have	AUX
iiclr-17591	2204	174	standing	stand	VERB
iiclr-17591	2204	175	to	to	PART
iiclr-17591	2204	176	sue	sue	VERB
iiclr-17591	2204	177	under	under	ADP
iiclr-17591	2204	178	(	(	PUNCT
iiclr-17591	2204	179	a	a	NOUN
iiclr-17591	2204	180	)	)	PUNCT
iiclr-17591	2204	181	]	]	PUNCT
iiclr-17591	2204	182	...	...	PUNCT
iiclr-17591	2204	183	"	"	PUNCT
iiclr-17591	2204	184	)	)	PUNCT
iiclr-17591	2204	185	.	.	PUNCT
iiclr-17591	2205	1	[	[	X
iiclr-17591	2205	2	vol	vol	NOUN
iiclr-17591	2205	3	.	.	PUNCT
iiclr-17591	2206	1	6:1	6:1	NUM
iiclr-17591	2206	2	corporate	corporate	ADJ
iiclr-17591	2206	3	governance	governance	NOUN
iiclr-17591	2206	4	in	in	ADP
iiclr-17591	2206	5	italy	italy	PROPN
iiclr-17591	2206	6	interests	interest	NOUN
iiclr-17591	2206	7	;	;	PUNCT
iiclr-17591	2206	8	'	'	PUNCT
iiclr-17591	2206	9	and	and	CCONJ
iiclr-17591	2206	10	(	(	PUNCT
iiclr-17591	2206	11	c	c	X
iiclr-17591	2206	12	)	)	PUNCT
iiclr-17591	2206	13	when	when	SCONJ
iiclr-17591	2206	14	the	the	DET
iiclr-17591	2206	15	company	company	NOUN
iiclr-17591	2206	16	had	have	AUX
iiclr-17591	2206	17	undergone	undergo	VERB
iiclr-17591	2206	18	a	a	DET
iiclr-17591	2206	19	reversal	reversal	NOUN
iiclr-17591	2206	20	in	in	ADP
iiclr-17591	2206	21	alliances	alliance	NOUN
iiclr-17591	2206	22	,	,	PUNCT
iiclr-17591	2206	23	for	for	ADP
iiclr-17591	2206	24	which	which	PRON
iiclr-17591	2206	25	directors	director	NOUN
iiclr-17591	2206	26	were	be	AUX
iiclr-17591	2206	27	the	the	DET
iiclr-17591	2206	28	first	first	ADJ
iiclr-17591	2206	29	to	to	PART
iiclr-17591	2206	30	pay	pay	VERB
iiclr-17591	2206	31	the	the	DET
iiclr-17591	2206	32	expenses	expense	NOUN
iiclr-17591	2206	33	.	.	PUNCT
iiclr-17591	2206	34	"	"	PUNCT
iiclr-17591	2207	1	7	7	NUM
iiclr-17591	2207	2	"	"	PUNCT
iiclr-17591	2207	3	"	"	PUNCT
iiclr-17591	2207	4	real	real	ADJ
iiclr-17591	2207	5	"	"	PUNCT
iiclr-17591	2207	6	suits	suit	NOUN
iiclr-17591	2207	7	,	,	PUNCT
iiclr-17591	2207	8	brought	bring	VERB
iiclr-17591	2207	9	by	by	ADP
iiclr-17591	2207	10	companies	company	NOUN
iiclr-17591	2207	11	in	in	ADP
iiclr-17591	2207	12	normal	normal	ADJ
iiclr-17591	2207	13	settings	setting	NOUN
iiclr-17591	2207	14	,	,	PUNCT
iiclr-17591	2207	15	were	be	AUX
iiclr-17591	2207	16	extremely	extremely	ADV
iiclr-17591	2207	17	rare.269	rare.269	PROPN
iiclr-17591	2207	18	b.	b.	PROPN
iiclr-17591	2207	19	minority	minority	NOUN
iiclr-17591	2207	20	shareholders	shareholder	NOUN
iiclr-17591	2207	21	and	and	CCONJ
iiclr-17591	2207	22	directors	director	NOUN
iiclr-17591	2207	23	'	'	PART
iiclr-17591	2207	24	liability	liability	NOUN
iiclr-17591	2207	25	:	:	PUNCT
iiclr-17591	2207	26	how	how	SCONJ
iiclr-17591	2207	27	many	many	ADJ
iiclr-17591	2207	28	explicit	explicit	ADJ
iiclr-17591	2207	29	attempts	attempt	NOUN
iiclr-17591	2207	30	?	?	PUNCT
iiclr-17591	2208	1	how	how	SCONJ
iiclr-17591	2208	2	many	many	ADJ
iiclr-17591	2208	3	"	"	PUNCT
iiclr-17591	2208	4	undercover	undercover	ADJ
iiclr-17591	2208	5	"	"	PUNCT
iiclr-17591	2208	6	liability	liability	NOUN
iiclr-17591	2208	7	suits	suit	NOUN
iiclr-17591	2208	8	against	against	ADP
iiclr-17591	2208	9	directors	director	NOUN
iiclr-17591	2208	10	?	?	PUNCT
iiclr-17591	2209	1	so	so	ADV
iiclr-17591	2209	2	far	far	ADV
iiclr-17591	2209	3	,	,	PUNCT
iiclr-17591	2209	4	our	our	PRON
iiclr-17591	2209	5	findings	finding	NOUN
iiclr-17591	2209	6	are	be	AUX
iiclr-17591	2209	7	consistent	consistent	ADJ
iiclr-17591	2209	8	with	with	ADP
iiclr-17591	2209	9	the	the	DET
iiclr-17591	2209	10	findings	finding	NOUN
iiclr-17591	2209	11	on	on	ADP
iiclr-17591	2209	12	the	the	DET
iiclr-17591	2209	13	predominant	predominant	ADJ
iiclr-17591	2209	14	ownership	ownership	NOUN
iiclr-17591	2209	15	structure	structure	NOUN
iiclr-17591	2209	16	of	of	ADP
iiclr-17591	2209	17	italian	italian	ADJ
iiclr-17591	2209	18	companies	company	NOUN
iiclr-17591	2209	19	.	.	PUNCT
iiclr-17591	2210	1	if	if	SCONJ
iiclr-17591	2210	2	there	there	PRON
iiclr-17591	2210	3	is	be	VERB
iiclr-17591	2210	4	no	no	DET
iiclr-17591	2210	5	real	real	ADJ
iiclr-17591	2210	6	separation	separation	NOUN
iiclr-17591	2210	7	between	between	ADP
iiclr-17591	2210	8	ownership	ownership	NOUN
iiclr-17591	2210	9	and	and	CCONJ
iiclr-17591	2210	10	control	control	NOUN
iiclr-17591	2210	11	,	,	PUNCT
iiclr-17591	2210	12	shareholders	shareholder	NOUN
iiclr-17591	2210	13	will	will	AUX
iiclr-17591	2210	14	not	not	PART
iiclr-17591	2210	15	normally	normally	ADV
iiclr-17591	2210	16	vote	vote	VERB
iiclr-17591	2210	17	to	to	PART
iiclr-17591	2210	18	institute	institute	VERB
iiclr-17591	2210	19	an	an	DET
iiclr-17591	2210	20	action	action	NOUN
iiclr-17591	2210	21	against	against	ADP
iiclr-17591	2210	22	the	the	DET
iiclr-17591	2210	23	very	very	ADJ
iiclr-17591	2210	24	people	people	NOUN
iiclr-17591	2210	25	they	they	PRON
iiclr-17591	2210	26	have	have	AUX
iiclr-17591	2210	27	chosen	choose	VERB
iiclr-17591	2210	28	(	(	PUNCT
iiclr-17591	2210	29	especially	especially	ADV
iiclr-17591	2210	30	when	when	SCONJ
iiclr-17591	2210	31	such	such	ADJ
iiclr-17591	2210	32	people	people	NOUN
iiclr-17591	2210	33	are	be	AUX
iiclr-17591	2210	34	the	the	DET
iiclr-17591	2210	35	shareholders	shareholder	NOUN
iiclr-17591	2210	36	themelves	themelve	NOUN
iiclr-17591	2210	37	)	)	PUNCT
iiclr-17591	2210	38	.	.	PUNCT
iiclr-17591	2211	1	there	there	PRON
iiclr-17591	2211	2	is	be	VERB
iiclr-17591	2211	3	nothing	nothing	PRON
iiclr-17591	2211	4	inherently	inherently	ADV
iiclr-17591	2211	5	wrong	wrong	ADJ
iiclr-17591	2211	6	in	in	ADP
iiclr-17591	2211	7	this	this	PRON
iiclr-17591	2211	8	.	.	PUNCT
iiclr-17591	2212	1	if	if	SCONJ
iiclr-17591	2212	2	majority	majority	NOUN
iiclr-17591	2212	3	shareholders	shareholder	NOUN
iiclr-17591	2212	4	manage	manage	VERB
iiclr-17591	2212	5	the	the	DET
iiclr-17591	2212	6	company	company	NOUN
iiclr-17591	2212	7	,	,	PUNCT
iiclr-17591	2212	8	they	they	PRON
iiclr-17591	2212	9	will	will	AUX
iiclr-17591	2212	10	also	also	ADV
iiclr-17591	2212	11	bear	bear	VERB
iiclr-17591	2212	12	the	the	DET
iiclr-17591	2212	13	cost	cost	NOUN
iiclr-17591	2212	14	of	of	ADP
iiclr-17591	2212	15	every	every	DET
iiclr-17591	2212	16	possible	possible	ADJ
iiclr-17591	2212	17	mismanagement	mismanagement	NOUN
iiclr-17591	2212	18	.	.	PUNCT
iiclr-17591	2213	1	therefore	therefore	ADV
iiclr-17591	2213	2	,	,	PUNCT
iiclr-17591	2213	3	it	it	PRON
iiclr-17591	2213	4	is	be	AUX
iiclr-17591	2213	5	understandable	understandable	ADJ
iiclr-17591	2213	6	that	that	SCONJ
iiclr-17591	2213	7	liability	liability	NOUN
iiclr-17591	2213	8	suits	suit	NOUN
iiclr-17591	2213	9	principally	principally	ADV
iiclr-17591	2213	10	arise	arise	VERB
iiclr-17591	2213	11	when	when	SCONJ
iiclr-17591	2213	12	the	the	DET
iiclr-17591	2213	13	electing	electing	ADJ
iiclr-17591	2213	14	shareholders	shareholder	NOUN
iiclr-17591	2213	15	,	,	PUNCT
iiclr-17591	2213	16	by	by	ADP
iiclr-17591	2213	17	an	an	DET
iiclr-17591	2213	18	act	act	NOUN
iiclr-17591	2213	19	of	of	ADP
iiclr-17591	2213	20	their	their	PRON
iiclr-17591	2213	21	will	will	NOUN
iiclr-17591	2213	22	or	or	CCONJ
iiclr-17591	2213	23	following	follow	VERB
iiclr-17591	2213	24	the	the	DET
iiclr-17591	2213	25	insolvency	insolvency	NOUN
iiclr-17591	2213	26	of	of	ADP
iiclr-17591	2213	27	the	the	DET
iiclr-17591	2213	28	company	company	NOUN
iiclr-17591	2213	29	,	,	PUNCT
iiclr-17591	2213	30	have	have	AUX
iiclr-17591	2213	31	transferred	transfer	VERB
iiclr-17591	2213	32	control	control	NOUN
iiclr-17591	2213	33	or	or	CCONJ
iiclr-17591	2213	34	have	have	AUX
iiclr-17591	2213	35	lost	lose	VERB
iiclr-17591	2213	36	it	it	PRON
iiclr-17591	2213	37	.	.	PUNCT
iiclr-17591	2214	1	is	be	AUX
iiclr-17591	2214	2	this	this	PRON
iiclr-17591	2214	3	the	the	DET
iiclr-17591	2214	4	happy	happy	ADJ
iiclr-17591	2214	5	end	end	NOUN
iiclr-17591	2214	6	of	of	ADP
iiclr-17591	2214	7	the	the	DET
iiclr-17591	2214	8	story	story	NOUN
iiclr-17591	2214	9	?	?	PUNCT
iiclr-17591	2215	1	yes	yes	INTJ
iiclr-17591	2215	2	,	,	PUNCT
iiclr-17591	2215	3	provided	provide	VERB
iiclr-17591	2215	4	that	that	SCONJ
iiclr-17591	2215	5	there	there	PRON
iiclr-17591	2215	6	are	be	VERB
iiclr-17591	2215	7	no	no	DET
iiclr-17591	2215	8	minority	minority	NOUN
iiclr-17591	2215	9	shareholders	shareholder	NOUN
iiclr-17591	2215	10	.	.	PUNCT
iiclr-17591	2216	1	but	but	CCONJ
iiclr-17591	2216	2	quite	quite	ADV
iiclr-17591	2216	3	often	often	ADV
iiclr-17591	2216	4	there	there	PRON
iiclr-17591	2216	5	are	be	VERB
iiclr-17591	2216	6	minority	minority	NOUN
iiclr-17591	2216	7	shareholders	shareholder	NOUN
iiclr-17591	2216	8	,	,	PUNCT
iiclr-17591	2216	9	and	and	CCONJ
iiclr-17591	2216	10	there	there	PRON
iiclr-17591	2216	11	could	could	AUX
iiclr-17591	2216	12	probably	probably	ADV
iiclr-17591	2216	13	be	be	AUX
iiclr-17591	2216	14	even	even	ADV
iiclr-17591	2216	15	more	more	ADJ
iiclr-17591	2216	16	if	if	SCONJ
iiclr-17591	2216	17	minority	minority	NOUN
iiclr-17591	2216	18	investments	investment	NOUN
iiclr-17591	2216	19	were	be	AUX
iiclr-17591	2216	20	more	more	ADV
iiclr-17591	2216	21	attractive	attractive	ADJ
iiclr-17591	2216	22	.	.	PUNCT
iiclr-17591	2217	1	therefore	therefore	ADV
iiclr-17591	2217	2	,	,	PUNCT
iiclr-17591	2217	3	the	the	DET
iiclr-17591	2217	4	problem	problem	NOUN
iiclr-17591	2217	5	of	of	ADP
iiclr-17591	2217	6	the	the	DET
iiclr-17591	2217	7	treatment	treatment	NOUN
iiclr-17591	2217	8	of	of	ADP
iiclr-17591	2217	9	minority	minority	NOUN
iiclr-17591	2217	10	shareholders	shareholder	NOUN
iiclr-17591	2217	11	can	can	AUX
iiclr-17591	2217	12	not	not	PART
iiclr-17591	2217	13	be	be	AUX
iiclr-17591	2217	14	judged	judge	VERB
iiclr-17591	2217	15	irrelevant	irrelevant	ADJ
iiclr-17591	2217	16	.	.	PUNCT
iiclr-17591	2218	1	only	only	ADV
iiclr-17591	2218	2	because	because	SCONJ
iiclr-17591	2218	3	the	the	DET
iiclr-17591	2218	4	ownership	ownership	NOUN
iiclr-17591	2218	5	structure	structure	NOUN
iiclr-17591	2218	6	tends	tend	VERB
iiclr-17591	2218	7	to	to	PART
iiclr-17591	2218	8	be	be	AUX
iiclr-17591	2218	9	concentrated	concentrate	VERB
iiclr-17591	2218	10	.	.	PUNCT
iiclr-17591	2219	1	we	we	PRON
iiclr-17591	2219	2	have	have	VERB
iiclr-17591	2219	3	to	to	PART
iiclr-17591	2219	4	look	look	VERB
iiclr-17591	2219	5	266	266	NUM
iiclr-17591	2219	6	.	.	PUNCT
iiclr-17591	2220	1	this	this	PRON
iiclr-17591	2220	2	is	be	AUX
iiclr-17591	2220	3	clearly	clearly	ADV
iiclr-17591	2220	4	the	the	DET
iiclr-17591	2220	5	factual	factual	ADJ
iiclr-17591	2220	6	pattern	pattern	NOUN
iiclr-17591	2220	7	on	on	ADP
iiclr-17591	2220	8	which	which	DET
iiclr-17591	2220	9	judgment	judgment	NOUN
iiclr-17591	2220	10	of	of	ADP
iiclr-17591	2220	11	nov	nov	PROPN
iiclr-17591	2220	12	.	.	PROPN
iiclr-17591	2220	13	5	5	NUM
iiclr-17591	2220	14	.	.	NUM
iiclr-17591	2220	15	1991	1991	NUM
iiclr-17591	2220	16	.	.	PUNCT
iiclr-17591	2221	1	appellate	appellate	ADJ
iiclr-17591	2221	2	court	court	PROPN
iiclr-17591	2221	3	of	of	ADP
iiclr-17591	2221	4	milan	milan	PROPN
iiclr-17591	2221	5	,	,	PUNCT
iiclr-17591	2221	6	1992	1992	NUM
iiclr-17591	2221	7	giupsprudenza	giupsprudenza	NOUN
iiclr-17591	2221	8	rraliana	rraliana	PROPN
iiclr-17591	2221	9	1	1	NUM
iiclr-17591	2221	10	-	-	SYM
iiclr-17591	2221	11	2	2	NUM
iiclr-17591	2221	12	,	,	PUNCT
iiclr-17591	2221	13	384	384	NUM
iiclr-17591	2221	14	,	,	PUNCT
iiclr-17591	2221	15	was	be	AUX
iiclr-17591	2221	16	decided	decide	VERB
iiclr-17591	2221	17	.	.	PUNCT
iiclr-17591	2222	1	a	a	DET
iiclr-17591	2222	2	company	company	NOUN
iiclr-17591	2222	3	100	100	NUM
iiclr-17591	2222	4	%	%	NOUN
iiclr-17591	2222	5	owned	own	VERB
iiclr-17591	2222	6	by	by	ADP
iiclr-17591	2222	7	an	an	DET
iiclr-17591	2222	8	anstalt	anstalt	NOUN
iiclr-17591	2222	9	from	from	ADP
iiclr-17591	2222	10	liechtenstein	liechtenstein	PROPN
iiclr-17591	2222	11	was	be	AUX
iiclr-17591	2222	12	sued	sue	VERB
iiclr-17591	2222	13	by	by	ADP
iiclr-17591	2222	14	a	a	DET
iiclr-17591	2222	15	third	third	ADJ
iiclr-17591	2222	16	party	party	NOUN
iiclr-17591	2222	17	for	for	ADP
iiclr-17591	2222	18	collection	collection	NOUN
iiclr-17591	2222	19	of	of	ADP
iiclr-17591	2222	20	a	a	DET
iiclr-17591	2222	21	debt	debt	NOUN
iiclr-17591	2222	22	originated	originate	VERB
iiclr-17591	2222	23	by	by	ADP
iiclr-17591	2222	24	an	an	DET
iiclr-17591	2222	25	act	act	NOUN
iiclr-17591	2222	26	stipulated	stipulate	VERB
iiclr-17591	2222	27	by	by	ADP
iiclr-17591	2222	28	a	a	DET
iiclr-17591	2222	29	previous	previous	ADJ
iiclr-17591	2222	30	director	director	NOUN
iiclr-17591	2222	31	;	;	PUNCT
iiclr-17591	2222	32	the	the	DET
iiclr-17591	2222	33	company	company	NOUN
iiclr-17591	2222	34	,	,	PUNCT
iiclr-17591	2222	35	now	now	ADV
iiclr-17591	2222	36	under	under	ADP
iiclr-17591	2222	37	new	new	ADJ
iiclr-17591	2222	38	management	management	NOUN
iiclr-17591	2222	39	(	(	PUNCT
iiclr-17591	2222	40	but	but	CCONJ
iiclr-17591	2222	41	,	,	PUNCT
iiclr-17591	2222	42	apparently	apparently	ADV
iiclr-17591	2222	43	,	,	PUNCT
iiclr-17591	2222	44	with	with	ADP
iiclr-17591	2222	45	the	the	DET
iiclr-17591	2222	46	same	same	ADJ
iiclr-17591	2222	47	owner	owner	NOUN
iiclr-17591	2222	48	)	)	PUNCT
iiclr-17591	2222	49	,	,	PUNCT
iiclr-17591	2222	50	sued	sue	VERB
iiclr-17591	2222	51	the	the	DET
iiclr-17591	2222	52	former	former	ADJ
iiclr-17591	2222	53	director	director	NOUN
iiclr-17591	2222	54	alleging	alleging	NOUN
iiclr-17591	2222	55	,	,	PUNCT
iiclr-17591	2222	56	inter	inter	PROPN
iiclr-17591	2222	57	alia	alia	NOUN
iiclr-17591	2222	58	,	,	PUNCT
iiclr-17591	2222	59	that	that	SCONJ
iiclr-17591	2222	60	the	the	DET
iiclr-17591	2222	61	obligation	obligation	NOUN
iiclr-17591	2222	62	derived	derive	VERB
iiclr-17591	2222	63	from	from	ADP
iiclr-17591	2222	64	an	an	DET
iiclr-17591	2222	65	act	act	NOUN
iiclr-17591	2222	66	"	"	PUNCT
iiclr-17591	2222	67	ultra	ultra	ADJ
iiclr-17591	2222	68	vires	vis	NOUN
iiclr-17591	2222	69	.	.	PUNCT
iiclr-17591	2222	70	"	"	PUNCT
iiclr-17591	2223	1	the	the	DET
iiclr-17591	2223	2	court	court	NOUN
iiclr-17591	2223	3	rejected	reject	VERB
iiclr-17591	2223	4	both	both	DET
iiclr-17591	2223	5	the	the	DET
iiclr-17591	2223	6	defense	defense	NOUN
iiclr-17591	2223	7	and	and	CCONJ
iiclr-17591	2223	8	the	the	DET
iiclr-17591	2223	9	liability	liability	NOUN
iiclr-17591	2223	10	suit	suit	NOUN
iiclr-17591	2223	11	.	.	PUNCT
iiclr-17591	2224	1	i	i	PRON
iiclr-17591	2224	2	d.	d.	PROPN
iiclr-17591	2224	3	267	267	NUM
iiclr-17591	2224	4	.	.	PUNCT
iiclr-17591	2225	1	a	a	DET
iiclr-17591	2225	2	reversal	reversal	NOUN
iiclr-17591	2225	3	in	in	ADP
iiclr-17591	2225	4	alliances	alliance	NOUN
iiclr-17591	2225	5	originated	originate	VERB
iiclr-17591	2225	6	the	the	DET
iiclr-17591	2225	7	liability	liability	NOUN
iiclr-17591	2225	8	suit	suit	NOUN
iiclr-17591	2225	9	decided	decide	VERB
iiclr-17591	2225	10	in	in	ADP
iiclr-17591	2225	11	judgment	judgment	NOUN
iiclr-17591	2225	12	of	of	ADP
iiclr-17591	2225	13	nov	nov	PROPN
iiclr-17591	2225	14	.	.	PROPN
iiclr-17591	2225	15	11	11	NUM
iiclr-17591	2225	16	,	,	PUNCT
iiclr-17591	2225	17	1987	1987	NUM
iiclr-17591	2225	18	,	,	PUNCT
iiclr-17591	2225	19	tribunal	tribunal	NOUN
iiclr-17591	2225	20	of	of	ADP
iiclr-17591	2225	21	milan	milan	PROPN
iiclr-17591	2225	22	,	,	PUNCT
iiclr-17591	2225	23	1988	1988	NUM
iiclr-17591	2225	24	giuisprudenza	giuisprudenza	NOUN
iiclr-17591	2225	25	commerclale	commerclale	NOUN
iiclr-17591	2225	26	11	11	NUM
iiclr-17591	2225	27	,	,	PUNCT
iiclr-17591	2225	28	967	967	NUM
iiclr-17591	2225	29	.	.	PUNCT
iiclr-17591	2226	1	268	268	NUM
iiclr-17591	2226	2	.	.	PUNCT
iiclr-17591	2227	1	in	in	ADP
iiclr-17591	2227	2	other	other	ADJ
iiclr-17591	2227	3	cases	case	NOUN
iiclr-17591	2227	4	the	the	DET
iiclr-17591	2227	5	accounts	account	NOUN
iiclr-17591	2227	6	of	of	ADP
iiclr-17591	2227	7	the	the	DET
iiclr-17591	2227	8	facts	fact	NOUN
iiclr-17591	2227	9	do	do	AUX
iiclr-17591	2227	10	not	not	PART
iiclr-17591	2227	11	tell	tell	VERB
iiclr-17591	2227	12	whether	whether	SCONJ
iiclr-17591	2227	13	there	there	PRON
iiclr-17591	2227	14	had	have	AUX
iiclr-17591	2227	15	been	be	AUX
iiclr-17591	2227	16	a	a	DET
iiclr-17591	2227	17	change	change	NOUN
iiclr-17591	2227	18	in	in	ADP
iiclr-17591	2227	19	control	control	NOUN
iiclr-17591	2227	20	or	or	CCONJ
iiclr-17591	2227	21	a	a	DET
iiclr-17591	2227	22	reversal	reversal	NOUN
iiclr-17591	2227	23	of	of	ADP
iiclr-17591	2227	24	alliances	alliance	NOUN
iiclr-17591	2227	25	(	(	PUNCT
iiclr-17591	2227	26	see	see	VERB
iiclr-17591	2227	27	judgment	judgment	NOUN
iiclr-17591	2227	28	of	of	ADP
iiclr-17591	2227	29	nov	nov	PROPN
iiclr-17591	2227	30	.	.	PROPN
iiclr-17591	2227	31	12	12	NUM
iiclr-17591	2227	32	,	,	PUNCT
iiclr-17591	2227	33	1987	1987	NUM
iiclr-17591	2227	34	,	,	PUNCT
iiclr-17591	2227	35	no	no	INTJ
iiclr-17591	2227	36	.	.	NOUN
iiclr-17591	2227	37	8337	8337	NUM
iiclr-17591	2227	38	,	,	PUNCT
iiclr-17591	2228	1	cass	cass	PROPN
iiclr-17591	2228	2	.	.	PUNCT
iiclr-17591	2228	3	civ	civ	PROPN
iiclr-17591	2228	4	.	.	PROPN
iiclr-17591	2228	5	,	,	PUNCT
iiclr-17591	2228	6	1988	1988	NUM
iiclr-17591	2228	7	fororrauano	fororrauano	NOUN
iiclr-17591	2228	8	1	1	NUM
iiclr-17591	2228	9	,	,	PUNCT
iiclr-17591	2228	10	3378	3378	NUM
iiclr-17591	2228	11	)	)	PUNCT
iiclr-17591	2228	12	.	.	PUNCT
iiclr-17591	2229	1	finally	finally	ADV
iiclr-17591	2229	2	,	,	PUNCT
iiclr-17591	2229	3	in	in	ADP
iiclr-17591	2229	4	some	some	DET
iiclr-17591	2229	5	cases	case	NOUN
iiclr-17591	2229	6	the	the	DET
iiclr-17591	2229	7	factual	factual	ADJ
iiclr-17591	2229	8	patterns	pattern	NOUN
iiclr-17591	2229	9	,	,	PUNCT
iiclr-17591	2229	10	as	as	SCONJ
iiclr-17591	2229	11	reported	report	VERB
iiclr-17591	2229	12	in	in	ADP
iiclr-17591	2229	13	the	the	DET
iiclr-17591	2229	14	published	publish	VERB
iiclr-17591	2229	15	opinions	opinion	NOUN
iiclr-17591	2229	16	,	,	PUNCT
iiclr-17591	2229	17	are	be	AUX
iiclr-17591	2229	18	completely	completely	ADV
iiclr-17591	2229	19	obscure	obscure	ADJ
iiclr-17591	2229	20	,	,	PUNCT
iiclr-17591	2229	21	so	so	SCONJ
iiclr-17591	2229	22	that	that	SCONJ
iiclr-17591	2229	23	none	none	NOUN
iiclr-17591	2229	24	of	of	ADP
iiclr-17591	2229	25	the	the	DET
iiclr-17591	2229	26	alternatives	alternative	NOUN
iiclr-17591	2229	27	(	(	PUNCT
iiclr-17591	2229	28	change	change	NOUN
iiclr-17591	2229	29	in	in	ADP
iiclr-17591	2229	30	control	control	NOUN
iiclr-17591	2229	31	,	,	PUNCT
iiclr-17591	2229	32	reversal	reversal	NOUN
iiclr-17591	2229	33	of	of	ADP
iiclr-17591	2229	34	alliances	alliance	NOUN
iiclr-17591	2229	35	,	,	PUNCT
iiclr-17591	2229	36	"	"	PUNCT
iiclr-17591	2229	37	real	real	ADJ
iiclr-17591	2229	38	"	"	PUNCT
iiclr-17591	2229	39	liability	liability	NOUN
iiclr-17591	2229	40	suit	suit	NOUN
iiclr-17591	2229	41	)	)	PUNCT
iiclr-17591	2229	42	can	can	AUX
iiclr-17591	2229	43	be	be	AUX
iiclr-17591	2229	44	safely	safely	ADV
iiclr-17591	2229	45	excluded	exclude	VERB
iiclr-17591	2229	46	(	(	PUNCT
iiclr-17591	2229	47	judgment	judgment	NOUN
iiclr-17591	2229	48	of	of	ADP
iiclr-17591	2229	49	july	july	PROPN
iiclr-17591	2229	50	9	9	NUM
iiclr-17591	2229	51	,	,	PUNCT
iiclr-17591	2229	52	1987	1987	NUM
iiclr-17591	2229	53	,	,	PUNCT
iiclr-17591	2229	54	no	no	INTJ
iiclr-17591	2229	55	.	.	NOUN
iiclr-17591	2229	56	5989	5989	NUM
iiclr-17591	2229	57	,	,	PUNCT
iiclr-17591	2230	1	cass	cass	PROPN
iiclr-17591	2230	2	.	.	PUNCT
iiclr-17591	2230	3	civ	civ	PROPN
iiclr-17591	2230	4	.	.	PROPN
iiclr-17591	2230	5	,	,	PUNCT
iiclr-17591	2230	6	1989	1989	NUM
iiclr-17591	2230	7	giur1sprudewza	giur1sprudewza	X
iiclr-17591	2230	8	commerciale	commerciale	PROPN
iiclr-17591	2230	9	11	11	NUM
iiclr-17591	2230	10	,	,	PUNCT
iiclr-17591	2230	11	208	208	NUM
iiclr-17591	2230	12	;	;	PUNCT
iiclr-17591	2230	13	judgment	judgment	NOUN
iiclr-17591	2230	14	of	of	ADP
iiclr-17591	2230	15	jan	jan	PROPN
iiclr-17591	2230	16	.	.	PROPN
iiclr-17591	2230	17	28	28	NUM
iiclr-17591	2230	18	,	,	PUNCT
iiclr-17591	2230	19	1982	1982	NUM
iiclr-17591	2230	20	,	,	PUNCT
iiclr-17591	2230	21	tribunal	tribunal	NOUN
iiclr-17591	2230	22	of	of	ADP
iiclr-17591	2230	23	milan	milan	PROPN
iiclr-17591	2230	24	,	,	PUNCT
iiclr-17591	2230	25	1983	1983	NUM
iiclr-17591	2230	26	giurisprudenza	giurisprudenza	NOUN
iiclr-17591	2230	27	commerciale	commerciale	NOUN
iiclr-17591	2230	28	,	,	PUNCT
iiclr-17591	2230	29	438	438	NUM
iiclr-17591	2230	30	)	)	PUNCT
iiclr-17591	2230	31	.	.	PUNCT
iiclr-17591	2231	1	269	269	NUM
iiclr-17591	2231	2	.	.	PUNCT
iiclr-17591	2231	3	see	see	VERB
iiclr-17591	2231	4	judgment	judgment	NOUN
iiclr-17591	2231	5	of	of	ADP
iiclr-17591	2231	6	nov	nov	PROPN
iiclr-17591	2231	7	.	.	PROPN
iiclr-17591	2231	8	5	5	NUM
iiclr-17591	2231	9	,	,	PUNCT
iiclr-17591	2231	10	1992	1992	NUM
iiclr-17591	2231	11	,	,	PUNCT
iiclr-17591	2231	12	tribunal	tribunal	NOUN
iiclr-17591	2231	13	of	of	ADP
iiclr-17591	2231	14	milan	milan	PROPN
iiclr-17591	2231	15	,	,	PUNCT
iiclr-17591	2231	16	1992	1992	NUM
iiclr-17591	2231	17	giurisprudenza	giurisprudenza	NOUN
iiclr-17591	2231	18	italiana	italiana	PROPN
iiclr-17591	2231	19	1	1	NUM
iiclr-17591	2231	20	-	-	SYM
iiclr-17591	2231	21	2	2	NUM
iiclr-17591	2231	22	,	,	PUNCT
iiclr-17591	2231	23	641	641	NUM
iiclr-17591	2231	24	(	(	PUNCT
iiclr-17591	2231	25	company	company	NOUN
iiclr-17591	2231	26	brought	bring	VERB
iiclr-17591	2231	27	on	on	ADP
iiclr-17591	2231	28	the	the	DET
iiclr-17591	2231	29	brink	brink	NOUN
iiclr-17591	2231	30	of	of	ADP
iiclr-17591	2231	31	insolvency	insolvency	NOUN
iiclr-17591	2231	32	suing	sue	VERB
iiclr-17591	2231	33	directors	director	NOUN
iiclr-17591	2231	34	and	and	CCONJ
iiclr-17591	2231	35	auditors	auditor	NOUN
iiclr-17591	2231	36	)	)	PUNCT
iiclr-17591	2231	37	;	;	PUNCT
iiclr-17591	2231	38	judgment	judgment	NOUN
iiclr-17591	2231	39	of	of	ADP
iiclr-17591	2231	40	june	june	PROPN
iiclr-17591	2231	41	26	26	NUM
iiclr-17591	2231	42	,	,	PUNCT
iiclr-17591	2231	43	1989	1989	NUM
iiclr-17591	2231	44	,	,	PUNCT
iiclr-17591	2231	45	tribunal	tribunal	NOUN
iiclr-17591	2231	46	of	of	ADP
iiclr-17591	2231	47	milan	milan	PROPN
iiclr-17591	2231	48	,	,	PUNCT
iiclr-17591	2231	49	1990	1990	NUM
iiclr-17591	2231	50	giurisprudenza	giurisprudenza	NOUN
iiclr-17591	2231	51	commerciale	commerciale	PROPN
iiclr-17591	2231	52	it	it	PRON
iiclr-17591	2231	53	,	,	PUNCT
iiclr-17591	2231	54	122	122	NUM
iiclr-17591	2231	55	(	(	PUNCT
iiclr-17591	2231	56	company	company	NOUN
iiclr-17591	2231	57	suing	sue	VERB
iiclr-17591	2231	58	directors	director	NOUN
iiclr-17591	2231	59	that	that	PRON
iiclr-17591	2231	60	committed	commit	VERB
iiclr-17591	2231	61	a	a	DET
iiclr-17591	2231	62	securities	security	NOUN
iiclr-17591	2231	63	fraud	fraud	NOUN
iiclr-17591	2231	64	)	)	PUNCT
iiclr-17591	2231	65	.	.	PUNCT
iiclr-17591	2232	1	in	in	ADP
iiclr-17591	2232	2	a	a	DET
iiclr-17591	2232	3	listed	list	VERB
iiclr-17591	2232	4	company	company	NOUN
iiclr-17591	2232	5	,	,	PUNCT
iiclr-17591	2232	6	a	a	DET
iiclr-17591	2232	7	"	"	PUNCT
iiclr-17591	2232	8	real	real	ADJ
iiclr-17591	2232	9	"	"	PUNCT
iiclr-17591	2232	10	suit	suit	NOUN
iiclr-17591	2232	11	was	be	AUX
iiclr-17591	2232	12	brought	bring	VERB
iiclr-17591	2232	13	in	in	ADP
iiclr-17591	2232	14	1993	1993	NUM
iiclr-17591	2232	15	for	for	ADP
iiclr-17591	2232	16	avery	avery	PROPN
iiclr-17591	2232	17	high	high	ADJ
iiclr-17591	2232	18	amount	amount	NOUN
iiclr-17591	2232	19	by	by	ADP
iiclr-17591	2232	20	ferruzzi	ferruzzi	PROPN
iiclr-17591	2232	21	finanziaria	finanziaria	PROPN
iiclr-17591	2232	22	.	.	PUNCT
iiclr-17591	2233	1	the	the	DET
iiclr-17591	2233	2	factors	factor	NOUN
iiclr-17591	2233	3	that	that	PRON
iiclr-17591	2233	4	influenced	influence	VERB
iiclr-17591	2233	5	the	the	DET
iiclr-17591	2233	6	decision	decision	NOUN
iiclr-17591	2233	7	to	to	PART
iiclr-17591	2233	8	sue	sue	VERB
iiclr-17591	2233	9	are	be	AUX
iiclr-17591	2233	10	accounted	account	VERB
iiclr-17591	2233	11	for	for	ADP
iiclr-17591	2233	12	supra	supra	NOUN
iiclr-17591	2233	13	,	,	PUNCT
iiclr-17591	2233	14	note	note	VERB
iiclr-17591	2233	15	238	238	NUM
iiclr-17591	2233	16	.	.	PUNCT
iiclr-17591	2234	1	1995	1995	NUM
iiclr-17591	2234	2	]	]	X
iiclr-17591	2234	3	ind	ind	NOUN
iiclr-17591	2234	4	.	.	PUNCT
iiclr-17591	2235	1	int'l	int'l	PROPN
iiclr-17591	2235	2	&	&	CCONJ
iiclr-17591	2235	3	comp	comp	PROPN
iiclr-17591	2235	4	.	.	PUNCT
iiclr-17591	2236	1	l	l	PROPN
iiclr-17591	2236	2	rev	rev	PROPN
iiclr-17591	2236	3	.	.	PROPN
iiclr-17591	2237	1	also	also	ADV
iiclr-17591	2237	2	at	at	ADP
iiclr-17591	2237	3	the	the	DET
iiclr-17591	2237	4	other	other	ADJ
iiclr-17591	2237	5	side	side	NOUN
iiclr-17591	2237	6	of	of	ADP
iiclr-17591	2237	7	the	the	DET
iiclr-17591	2237	8	coin	coin	NOUN
iiclr-17591	2237	9	,	,	PUNCT
iiclr-17591	2237	10	i.e.	i.e.	X
iiclr-17591	2237	11	,	,	PUNCT
iiclr-17591	2237	12	we	we	PRON
iiclr-17591	2237	13	have	have	VERB
iiclr-17591	2237	14	to	to	PART
iiclr-17591	2237	15	look	look	VERB
iiclr-17591	2237	16	at	at	ADP
iiclr-17591	2237	17	how	how	SCONJ
iiclr-17591	2237	18	many	many	ADJ
iiclr-17591	2237	19	liability	liability	NOUN
iiclr-17591	2237	20	suits	suit	NOUN
iiclr-17591	2237	21	,	,	PUNCT
iiclr-17591	2237	22	notwithstanding	notwithstanding	ADP
iiclr-17591	2237	23	the	the	DET
iiclr-17591	2237	24	requirement	requirement	NOUN
iiclr-17591	2237	25	of	of	ADP
iiclr-17591	2237	26	a	a	DET
iiclr-17591	2237	27	majority	majority	NOUN
iiclr-17591	2237	28	vote	vote	NOUN
iiclr-17591	2237	29	,	,	PUNCT
iiclr-17591	2237	30	have	have	AUX
iiclr-17591	2237	31	been	be	AUX
iiclr-17591	2237	32	explicitly	explicitly	ADV
iiclr-17591	2237	33	or	or	CCONJ
iiclr-17591	2237	34	implicitly	implicitly	ADV
iiclr-17591	2237	35	attempted	attempt	VERB
iiclr-17591	2237	36	by	by	ADP
iiclr-17591	2237	37	minority	minority	NOUN
iiclr-17591	2237	38	shareholders	shareholder	NOUN
iiclr-17591	2237	39	.	.	PUNCT
iiclr-17591	2238	1	the	the	DET
iiclr-17591	2238	2	research	research	NOUN
iiclr-17591	2238	3	is	be	AUX
iiclr-17591	2238	4	fruitful	fruitful	ADJ
iiclr-17591	2238	5	:	:	PUNCT
iiclr-17591	2238	6	in	in	ADP
iiclr-17591	2238	7	our	our	PRON
iiclr-17591	2238	8	sample	sample	NOUN
iiclr-17591	2238	9	,	,	PUNCT
iiclr-17591	2238	10	almost	almost	ADV
iiclr-17591	2238	11	one	one	NUM
iiclr-17591	2238	12	-	-	PUNCT
iiclr-17591	2238	13	fourth	fourth	NOUN
iiclr-17591	2238	14	of	of	ADP
iiclr-17591	2238	15	the	the	DET
iiclr-17591	2238	16	cases	case	NOUN
iiclr-17591	2238	17	show	show	VERB
iiclr-17591	2238	18	attempts	attempt	NOUN
iiclr-17591	2238	19	of	of	ADP
iiclr-17591	2238	20	minority	minority	NOUN
iiclr-17591	2238	21	shareholders	shareholder	NOUN
iiclr-17591	2238	22	to	to	PART
iiclr-17591	2238	23	get	get	VERB
iiclr-17591	2238	24	around	around	ADP
iiclr-17591	2238	25	the	the	DET
iiclr-17591	2238	26	requirement	requirement	NOUN
iiclr-17591	2238	27	of	of	ADP
iiclr-17591	2238	28	a	a	DET
iiclr-17591	2238	29	majority	majority	NOUN
iiclr-17591	2238	30	approval	approval	NOUN
iiclr-17591	2238	31	for	for	ADP
iiclr-17591	2238	32	suits	suit	NOUN
iiclr-17591	2238	33	against	against	ADP
iiclr-17591	2238	34	directors	director	NOUN
iiclr-17591	2238	35	,	,	PUNCT
iiclr-17591	2238	36	relying	rely	VERB
iiclr-17591	2238	37	on	on	ADP
iiclr-17591	2238	38	very	very	ADV
iiclr-17591	2238	39	peculiar	peculiar	ADJ
iiclr-17591	2238	40	fact	fact	NOUN
iiclr-17591	2238	41	patterns	pattern	NOUN
iiclr-17591	2238	42	or	or	CCONJ
iiclr-17591	2238	43	on	on	ADP
iiclr-17591	2238	44	general	general	ADJ
iiclr-17591	2238	45	tort	tort	NOUN
iiclr-17591	2238	46	law	law	NOUN
iiclr-17591	2238	47	principles.27	principles.27	ADP
iiclr-17591	2238	48	the	the	DET
iiclr-17591	2238	49	courts	court	NOUN
iiclr-17591	2238	50	,	,	PUNCT
iiclr-17591	2238	51	however	however	ADV
iiclr-17591	2238	52	,	,	PUNCT
iiclr-17591	2238	53	sensing	sense	VERB
iiclr-17591	2238	54	what	what	PRON
iiclr-17591	2238	55	the	the	DET
iiclr-17591	2238	56	real	real	ADJ
iiclr-17591	2238	57	substance	substance	NOUN
iiclr-17591	2238	58	of	of	ADP
iiclr-17591	2238	59	the	the	DET
iiclr-17591	2238	60	claims	claim	NOUN
iiclr-17591	2238	61	were	be	AUX
iiclr-17591	2238	62	,	,	PUNCT
iiclr-17591	2238	63	rejected	reject	VERB
iiclr-17591	2238	64	most	most	ADJ
iiclr-17591	2238	65	such	such	ADJ
iiclr-17591	2238	66	attempts	attempt	NOUN
iiclr-17591	2238	67	.	.	PUNCT
iiclr-17591	2239	1	271	271	NUM
iiclr-17591	2239	2	127	127	NUM
iiclr-17591	2239	3	thus	thus	ADV
iiclr-17591	2239	4	,	,	PUNCT
iiclr-17591	2239	5	the	the	DET
iiclr-17591	2239	6	empirical	empirical	ADJ
iiclr-17591	2239	7	evidence	evidence	NOUN
iiclr-17591	2239	8	confirms	confirm	VERB
iiclr-17591	2239	9	our	our	PRON
iiclr-17591	2239	10	hypothesis	hypothesis	NOUN
iiclr-17591	2239	11	:	:	PUNCT
iiclr-17591	2239	12	often	often	ADV
iiclr-17591	2239	13	minority	minority	NOUN
iiclr-17591	2239	14	shareholders	shareholder	NOUN
iiclr-17591	2239	15	do	do	AUX
iiclr-17591	2239	16	put	put	VERB
iiclr-17591	2239	17	pressure	pressure	NOUN
iiclr-17591	2239	18	on	on	ADP
iiclr-17591	2239	19	directors	director	NOUN
iiclr-17591	2239	20	through	through	ADP
iiclr-17591	2239	21	liability	liability	NOUN
iiclr-17591	2239	22	suits	suit	NOUN
iiclr-17591	2239	23	,	,	PUNCT
iiclr-17591	2239	24	but	but	CCONJ
iiclr-17591	2239	25	the	the	DET
iiclr-17591	2239	26	legal	legal	ADJ
iiclr-17591	2239	27	requirement	requirement	NOUN
iiclr-17591	2239	28	of	of	ADP
iiclr-17591	2239	29	a	a	DET
iiclr-17591	2239	30	majority	majority	NOUN
iiclr-17591	2239	31	approval	approval	NOUN
iiclr-17591	2239	32	for	for	ADP
iiclr-17591	2239	33	such	such	ADJ
iiclr-17591	2239	34	suits	suit	NOUN
iiclr-17591	2239	35	comes	come	VERB
iiclr-17591	2239	36	into	into	ADP
iiclr-17591	2239	37	play	play	NOUN
iiclr-17591	2239	38	and	and	CCONJ
iiclr-17591	2239	39	bars	bar	VERB
iiclr-17591	2239	40	those	those	DET
iiclr-17591	2239	41	suits	suit	NOUN
iiclr-17591	2239	42	.	.	PUNCT
iiclr-17591	2240	1	yet	yet	ADV
iiclr-17591	2240	2	,	,	PUNCT
iiclr-17591	2240	3	a	a	DET
iiclr-17591	2240	4	sensible	sensible	ADJ
iiclr-17591	2240	5	research	research	NOUN
iiclr-17591	2240	6	strategy	strategy	NOUN
iiclr-17591	2240	7	impels	impel	VERB
iiclr-17591	2240	8	us	we	PRON
iiclr-17591	2240	9	not	not	PART
iiclr-17591	2240	10	to	to	PART
iiclr-17591	2240	11	stop	stop	VERB
iiclr-17591	2240	12	here	here	ADV
iiclr-17591	2240	13	.	.	PUNCT
iiclr-17591	2241	1	given	give	VERB
iiclr-17591	2241	2	the	the	DET
iiclr-17591	2241	3	existence	existence	NOUN
iiclr-17591	2241	4	of	of	ADP
iiclr-17591	2241	5	an	an	DET
iiclr-17591	2241	6	explicit	explicit	ADJ
iiclr-17591	2241	7	prohibition	prohibition	NOUN
iiclr-17591	2241	8	against	against	ADP
iiclr-17591	2241	9	liability	liability	NOUN
iiclr-17591	2241	10	suits	suit	NOUN
iiclr-17591	2241	11	brought	bring	VERB
iiclr-17591	2241	12	by	by	ADP
iiclr-17591	2241	13	individual	individual	ADJ
iiclr-17591	2241	14	shareholders	shareholder	NOUN
iiclr-17591	2241	15	,	,	PUNCT
iiclr-17591	2241	16	cases	case	NOUN
iiclr-17591	2241	17	concerning	concern	VERB
iiclr-17591	2241	18	directors	director	NOUN
iiclr-17591	2241	19	'	'	PART
iiclr-17591	2241	20	liability	liability	NOUN
iiclr-17591	2241	21	do	do	AUX
iiclr-17591	2241	22	not	not	PART
iiclr-17591	2241	23	seem	seem	VERB
iiclr-17591	2241	24	the	the	DET
iiclr-17591	2241	25	only	only	ADJ
iiclr-17591	2241	26	place	place	NOUN
iiclr-17591	2241	27	to	to	PART
iiclr-17591	2241	28	look	look	VERB
iiclr-17591	2241	29	to	to	PART
iiclr-17591	2241	30	discover	discover	VERB
iiclr-17591	2241	31	tensions	tension	NOUN
iiclr-17591	2241	32	between	between	ADP
iiclr-17591	2241	33	majority	majority	NOUN
iiclr-17591	2241	34	and	and	CCONJ
iiclr-17591	2241	35	minority	minority	NOUN
iiclr-17591	2241	36	shareholders	shareholder	NOUN
iiclr-17591	2241	37	.	.	PUNCT
iiclr-17591	2242	1	given	give	VERB
iiclr-17591	2242	2	that	that	SCONJ
iiclr-17591	2242	3	the	the	DET
iiclr-17591	2242	4	rejection	rejection	NOUN
iiclr-17591	2242	5	of	of	ADP
iiclr-17591	2242	6	minority	minority	NOUN
iiclr-17591	2242	7	suits	suit	NOUN
iiclr-17591	2242	8	is	be	AUX
iiclr-17591	2242	9	entirely	entirely	ADV
iiclr-17591	2242	10	predictable	predictable	ADJ
iiclr-17591	2242	11	,	,	PUNCT
iiclr-17591	2242	12	minority	minority	NOUN
iiclr-17591	2242	13	shareholders	shareholder	NOUN
iiclr-17591	2242	14	may	may	AUX
iiclr-17591	2242	15	give	give	VERB
iiclr-17591	2242	16	up	up	ADP
iiclr-17591	2242	17	any	any	DET
iiclr-17591	2242	18	will	will	NOUN
iiclr-17591	2242	19	to	to	PART
iiclr-17591	2242	20	fight	fight	VERB
iiclr-17591	2242	21	,	,	PUNCT
iiclr-17591	2242	22	or	or	CCONJ
iiclr-17591	2242	23	may	may	AUX
iiclr-17591	2242	24	well	well	ADV
iiclr-17591	2242	25	try	try	VERB
iiclr-17591	2242	26	to	to	PART
iiclr-17591	2242	27	turn	turn	VERB
iiclr-17591	2242	28	elsewhere	elsewhere	ADV
iiclr-17591	2242	29	.	.	PUNCT
iiclr-17591	2243	1	the	the	DET
iiclr-17591	2243	2	statistical	statistical	ADJ
iiclr-17591	2243	3	sample	sample	NOUN
iiclr-17591	2243	4	,	,	PUNCT
iiclr-17591	2243	5	based	base	VERB
iiclr-17591	2243	6	on	on	ADP
iiclr-17591	2243	7	explicit	explicit	ADJ
iiclr-17591	2243	8	attempts	attempt	NOUN
iiclr-17591	2243	9	of	of	ADP
iiclr-17591	2243	10	minority	minority	NOUN
iiclr-17591	2243	11	shareholders	shareholder	NOUN
iiclr-17591	2243	12	to	to	PART
iiclr-17591	2243	13	have	have	AUX
iiclr-17591	2243	14	directors	director	NOUN
iiclr-17591	2243	15	condemned	condemn	VERB
iiclr-17591	2243	16	,	,	PUNCT
iiclr-17591	2243	17	may	may	AUX
iiclr-17591	2243	18	therefore	therefore	ADV
iiclr-17591	2243	19	underestimate	underestimate	VERB
iiclr-17591	2243	20	the	the	DET
iiclr-17591	2243	21	role	role	NOUN
iiclr-17591	2243	22	of	of	ADP
iiclr-17591	2243	23	art	art	NOUN
iiclr-17591	2243	24	.	.	PUNCT
iiclr-17591	2244	1	2393	2393	NUM
iiclr-17591	2244	2	as	as	ADP
iiclr-17591	2244	3	a	a	DET
iiclr-17591	2244	4	powerful	powerful	ADJ
iiclr-17591	2244	5	governance	governance	NOUN
iiclr-17591	2244	6	tool	tool	NOUN
iiclr-17591	2244	7	in	in	ADP
iiclr-17591	2244	8	the	the	DET
iiclr-17591	2244	9	hands	hand	NOUN
iiclr-17591	2244	10	of	of	ADP
iiclr-17591	2244	11	the	the	DET
iiclr-17591	2244	12	majority	majority	NOUN
iiclr-17591	2244	13	.	.	PUNCT
iiclr-17591	2245	1	in	in	ADP
iiclr-17591	2245	2	my	my	PRON
iiclr-17591	2245	3	view	view	NOUN
iiclr-17591	2245	4	,	,	PUNCT
iiclr-17591	2245	5	actions	action	NOUN
iiclr-17591	2245	6	brought	bring	VERB
iiclr-17591	2245	7	under	under	ADP
iiclr-17591	2245	8	civil	civil	ADJ
iiclr-17591	2245	9	code	code	NOUN
iiclr-17591	2245	10	art	art	NOUN
iiclr-17591	2245	11	.	.	PUNCT
iiclr-17591	2246	1	2409	2409	NUM
iiclr-17591	2246	2	(	(	PUNCT
iiclr-17591	2246	3	italy	italy	PROPN
iiclr-17591	2246	4	)	)	PUNCT
iiclr-17591	2246	5	are	be	AUX
iiclr-17591	2246	6	a	a	DET
iiclr-17591	2246	7	reliable	reliable	ADJ
iiclr-17591	2246	8	proxy	proxy	NOUN
iiclr-17591	2246	9	of	of	ADP
iiclr-17591	2246	10	what	what	PRON
iiclr-17591	2246	11	the	the	DET
iiclr-17591	2246	12	corporate	corporate	ADJ
iiclr-17591	2246	13	law	law	NOUN
iiclr-17591	2246	14	landscape	landscape	NOUN
iiclr-17591	2246	15	would	would	AUX
iiclr-17591	2246	16	be	be	AUX
iiclr-17591	2246	17	should	should	AUX
iiclr-17591	2246	18	civil	civil	ADJ
iiclr-17591	2246	19	code	code	NOUN
iiclr-17591	2246	20	art	art	NOUN
iiclr-17591	2246	21	.	.	PUNCT
iiclr-17591	2247	1	2393	2393	NUM
iiclr-17591	2247	2	270	270	NUM
iiclr-17591	2247	3	.	.	PUNCT
iiclr-17591	2248	1	in	in	ADP
iiclr-17591	2248	2	16	16	NUM
iiclr-17591	2248	3	cases	case	NOUN
iiclr-17591	2248	4	minority	minority	NOUN
iiclr-17591	2248	5	shareholders	shareholder	NOUN
iiclr-17591	2248	6	asked	ask	VERB
iiclr-17591	2248	7	the	the	DET
iiclr-17591	2248	8	court	court	NOUN
iiclr-17591	2248	9	to	to	PART
iiclr-17591	2248	10	hold	hold	VERB
iiclr-17591	2248	11	directors	director	NOUN
iiclr-17591	2248	12	liable	liable	ADJ
iiclr-17591	2248	13	for	for	ADP
iiclr-17591	2248	14	their	their	PRON
iiclr-17591	2248	15	acts	act	NOUN
iiclr-17591	2248	16	.	.	PUNCT
iiclr-17591	2249	1	in	in	ADP
iiclr-17591	2249	2	virtually	virtually	ADV
iiclr-17591	2249	3	all	all	PRON
iiclr-17591	2249	4	such	such	ADJ
iiclr-17591	2249	5	cases	case	NOUN
iiclr-17591	2249	6	directors	director	NOUN
iiclr-17591	2249	7	'	'	PART
iiclr-17591	2249	8	conflict	conflict	NOUN
iiclr-17591	2249	9	of	of	ADP
iiclr-17591	2249	10	interest	interest	NOUN
iiclr-17591	2249	11	with	with	ADP
iiclr-17591	2249	12	the	the	DET
iiclr-17591	2249	13	company	company	NOUN
iiclr-17591	2249	14	was	be	AUX
iiclr-17591	2249	15	alleged	allege	VERB
iiclr-17591	2249	16	.	.	PUNCT
iiclr-17591	2250	1	271	271	NUM
iiclr-17591	2250	2	.	.	PUNCT
iiclr-17591	2251	1	the	the	DET
iiclr-17591	2251	2	very	very	ADV
iiclr-17591	2251	3	few	few	ADJ
iiclr-17591	2251	4	successful	successful	ADJ
iiclr-17591	2251	5	actions	action	NOUN
iiclr-17591	2251	6	brought	bring	VERB
iiclr-17591	2251	7	by	by	ADP
iiclr-17591	2251	8	minority	minority	NOUN
iiclr-17591	2251	9	shareholders	shareholder	NOUN
iiclr-17591	2251	10	were	be	AUX
iiclr-17591	2251	11	due	due	ADJ
iiclr-17591	2251	12	to	to	ADP
iiclr-17591	2251	13	the	the	DET
iiclr-17591	2251	14	peculiarity	peculiarity	NOUN
iiclr-17591	2251	15	of	of	ADP
iiclr-17591	2251	16	settings	setting	NOUN
iiclr-17591	2251	17	or	or	CCONJ
iiclr-17591	2251	18	to	to	ADP
iiclr-17591	2251	19	a	a	DET
iiclr-17591	2251	20	loophole	loophole	NOUN
iiclr-17591	2251	21	in	in	ADP
iiclr-17591	2251	22	the	the	DET
iiclr-17591	2251	23	otherwise	otherwise	ADV
iiclr-17591	2251	24	tight	tight	ADJ
iiclr-17591	2251	25	majority	majority	NOUN
iiclr-17591	2251	26	principle	principle	NOUN
iiclr-17591	2251	27	,	,	PUNCT
iiclr-17591	2251	28	a	a	DET
iiclr-17591	2251	29	loophole	loophole	NOUN
iiclr-17591	2251	30	that	that	PRON
iiclr-17591	2251	31	takes	take	VERB
iiclr-17591	2251	32	a	a	DET
iiclr-17591	2251	33	toll	toll	NOUN
iiclr-17591	2251	34	of	of	ADP
iiclr-17591	2251	35	directors	director	NOUN
iiclr-17591	2251	36	only	only	ADV
iiclr-17591	2251	37	in	in	ADP
iiclr-17591	2251	38	small	small	ADJ
iiclr-17591	2251	39	,	,	PUNCT
iiclr-17591	2251	40	unsophisticated	unsophisticated	ADJ
iiclr-17591	2251	41	companies	company	NOUN
iiclr-17591	2251	42	.	.	PUNCT
iiclr-17591	2252	1	(	(	PUNCT
iiclr-17591	2252	2	c.c	c.c	PROPN
iiclr-17591	2252	3	art	art	NOUN
iiclr-17591	2252	4	.	.	PUNCT
iiclr-17591	2253	1	2373(3	2373(3	NUM
iiclr-17591	2253	2	)	)	PUNCT
iiclr-17591	2253	3	(	(	PUNCT
iiclr-17591	2253	4	italy	italy	PROPN
iiclr-17591	2253	5	)	)	PUNCT
iiclr-17591	2253	6	bars	bar	VERB
iiclr-17591	2253	7	shareholders	shareholder	NOUN
iiclr-17591	2253	8	who	who	PRON
iiclr-17591	2253	9	are	be	AUX
iiclr-17591	2253	10	also	also	ADV
iiclr-17591	2253	11	directors	director	NOUN
iiclr-17591	2253	12	from	from	ADP
iiclr-17591	2253	13	voting	vote	VERB
iiclr-17591	2253	14	on	on	ADP
iiclr-17591	2253	15	their	their	PRON
iiclr-17591	2253	16	own	own	ADJ
iiclr-17591	2253	17	liability	liability	NOUN
iiclr-17591	2253	18	,	,	PUNCT
iiclr-17591	2253	19	so	so	SCONJ
iiclr-17591	2253	20	that	that	SCONJ
iiclr-17591	2253	21	minority	minority	NOUN
iiclr-17591	2253	22	shareholders	shareholder	NOUN
iiclr-17591	2253	23	can	can	AUX
iiclr-17591	2253	24	authorize	authorize	VERB
iiclr-17591	2253	25	the	the	DET
iiclr-17591	2253	26	action	action	NOUN
iiclr-17591	2253	27	.	.	PUNCT
iiclr-17591	2253	28	)	)	PUNCT
iiclr-17591	2254	1	no	no	DET
iiclr-17591	2254	2	authentic	authentic	ADJ
iiclr-17591	2254	3	departures	departure	NOUN
iiclr-17591	2254	4	from	from	ADP
iiclr-17591	2254	5	the	the	DET
iiclr-17591	2254	6	principle	principle	NOUN
iiclr-17591	2254	7	that	that	SCONJ
iiclr-17591	2254	8	directors	director	NOUN
iiclr-17591	2254	9	can	can	AUX
iiclr-17591	2254	10	be	be	AUX
iiclr-17591	2254	11	held	hold	VERB
iiclr-17591	2254	12	liable	liable	ADJ
iiclr-17591	2254	13	only	only	ADV
iiclr-17591	2254	14	if	if	SCONJ
iiclr-17591	2254	15	the	the	DET
iiclr-17591	2254	16	majority	majority	NOUN
iiclr-17591	2254	17	authorizes	authorize	VERB
iiclr-17591	2254	18	it	it	PRON
iiclr-17591	2254	19	are	be	AUX
iiclr-17591	2254	20	found	find	VERB
iiclr-17591	2254	21	.	.	PUNCT
iiclr-17591	2255	1	272	272	NUM
iiclr-17591	2255	2	.	.	PUNCT
iiclr-17591	2256	1	in	in	ADP
iiclr-17591	2256	2	an	an	DET
iiclr-17591	2256	3	action	action	NOUN
iiclr-17591	2256	4	brought	bring	VERB
iiclr-17591	2256	5	under	under	ADP
iiclr-17591	2256	6	c.c	c.c	PROPN
iiclr-17591	2256	7	.	.	PROPN
iiclr-17591	2256	8	art	art	NOUN
iiclr-17591	2256	9	.	.	PUNCT
iiclr-17591	2257	1	2395	2395	NUM
iiclr-17591	2257	2	(	(	PUNCT
iiclr-17591	2257	3	italy	italy	PROPN
iiclr-17591	2257	4	)	)	PUNCT
iiclr-17591	2257	5	the	the	DET
iiclr-17591	2257	6	court	court	NOUN
iiclr-17591	2257	7	of	of	ADP
iiclr-17591	2257	8	cassation	cassation	NOUN
iiclr-17591	2257	9	argued	argue	VERB
iiclr-17591	2257	10	that	that	SCONJ
iiclr-17591	2257	11	individual	individual	ADJ
iiclr-17591	2257	12	shareholders	shareholder	NOUN
iiclr-17591	2257	13	,	,	PUNCT
iiclr-17591	2257	14	absent	absent	ADJ
iiclr-17591	2257	15	direct	direct	ADJ
iiclr-17591	2257	16	prejudice	prejudice	NOUN
iiclr-17591	2257	17	(	(	PUNCT
iiclr-17591	2257	18	supra	supra	PROPN
iiclr-17591	2257	19	part	part	PROPN
iiclr-17591	2257	20	111.b	111.b	PROPN
iiclr-17591	2257	21	)	)	PUNCT
iiclr-17591	2257	22	,	,	PUNCT
iiclr-17591	2257	23	do	do	AUX
iiclr-17591	2257	24	not	not	PART
iiclr-17591	2257	25	have	have	VERB
iiclr-17591	2257	26	an	an	DET
iiclr-17591	2257	27	enforceable	enforceable	ADJ
iiclr-17591	2257	28	right	right	NOUN
iiclr-17591	2257	29	against	against	ADP
iiclr-17591	2257	30	directors	director	NOUN
iiclr-17591	2257	31	,	,	PUNCT
iiclr-17591	2257	32	as	as	SCONJ
iiclr-17591	2257	33	such	such	ADJ
iiclr-17591	2257	34	right	right	NOUN
iiclr-17591	2257	35	belongs	belong	VERB
iiclr-17591	2257	36	to	to	ADP
iiclr-17591	2257	37	the	the	DET
iiclr-17591	2257	38	corporation	corporation	NOUN
iiclr-17591	2257	39	(	(	PUNCT
iiclr-17591	2257	40	judgment	judgment	NOUN
iiclr-17591	2257	41	of	of	ADP
iiclr-17591	2257	42	sept	sept	PROPN
iiclr-17591	2257	43	.	.	PROPN
iiclr-17591	2257	44	7	7	NUM
iiclr-17591	2257	45	,	,	PUNCT
iiclr-17591	2257	46	1993	1993	NUM
iiclr-17591	2257	47	,	,	PUNCT
iiclr-17591	2257	48	no	no	INTJ
iiclr-17591	2257	49	.	.	NOUN
iiclr-17591	2257	50	9385	9385	NUM
iiclr-17591	2257	51	,	,	PUNCT
iiclr-17591	2257	52	cass	cass	PROPN
iiclr-17591	2257	53	.	.	PUNCT
iiclr-17591	2257	54	civ	civ	PROPN
iiclr-17591	2257	55	.	.	PROPN
iiclr-17591	2257	56	,	,	PUNCT
iiclr-17591	2257	57	1994	1994	NUM
iiclr-17591	2257	58	g1urisprudenza	g1urisprudenza	NOUN
iiclr-17591	2257	59	commercimle	commercimle	NOUN
iiclr-17591	2257	60	11	11	NUM
iiclr-17591	2257	61	,	,	PUNCT
iiclr-17591	2257	62	365	365	NUM
iiclr-17591	2257	63	,	,	PUNCT
iiclr-17591	2257	64	not	not	PART
iiclr-17591	2257	65	included	include	VERB
iiclr-17591	2257	66	in	in	ADP
iiclr-17591	2257	67	the	the	DET
iiclr-17591	2257	68	statistical	statistical	ADJ
iiclr-17591	2257	69	sample	sample	NOUN
iiclr-17591	2257	70	,	,	PUNCT
iiclr-17591	2257	71	as	as	SCONJ
iiclr-17591	2257	72	decided	decide	VERB
iiclr-17591	2257	73	later	later	ADV
iiclr-17591	2257	74	)	)	PUNCT
iiclr-17591	2257	75	.	.	PUNCT
iiclr-17591	2258	1	it	it	PRON
iiclr-17591	2258	2	is	be	AUX
iiclr-17591	2258	3	my	my	PRON
iiclr-17591	2258	4	strong	strong	ADJ
iiclr-17591	2258	5	opinion	opinion	NOUN
iiclr-17591	2258	6	that	that	SCONJ
iiclr-17591	2258	7	this	this	DET
iiclr-17591	2258	8	position	position	NOUN
iiclr-17591	2258	9	is	be	AUX
iiclr-17591	2258	10	without	without	ADP
iiclr-17591	2258	11	basis	basis	NOUN
iiclr-17591	2258	12	.	.	PUNCT
iiclr-17591	2259	1	it	it	PRON
iiclr-17591	2259	2	is	be	AUX
iiclr-17591	2259	3	arguable	arguable	ADJ
iiclr-17591	2259	4	that	that	SCONJ
iiclr-17591	2259	5	,	,	PUNCT
iiclr-17591	2259	6	if	if	SCONJ
iiclr-17591	2259	7	interpreted	interpret	VERB
iiclr-17591	2259	8	consistently	consistently	ADV
iiclr-17591	2259	9	with	with	ADP
iiclr-17591	2259	10	the	the	DET
iiclr-17591	2259	11	recent	recent	ADJ
iiclr-17591	2259	12	rulings	ruling	NOUN
iiclr-17591	2259	13	by	by	ADP
iiclr-17591	2259	14	the	the	DET
iiclr-17591	2259	15	constitutional	constitutional	ADJ
iiclr-17591	2259	16	court	court	NOUN
iiclr-17591	2259	17	and	and	CCONJ
iiclr-17591	2259	18	the	the	DET
iiclr-17591	2259	19	court	court	NOUN
iiclr-17591	2259	20	of	of	ADP
iiclr-17591	2259	21	cassation	cassation	NOUN
iiclr-17591	2259	22	,	,	PUNCT
iiclr-17591	2259	23	general	general	ADJ
iiclr-17591	2259	24	tort	tort	NOUN
iiclr-17591	2259	25	law	law	NOUN
iiclr-17591	2259	26	(	(	PUNCT
iiclr-17591	2259	27	c.c	c.c	PROPN
iiclr-17591	2259	28	.	.	PROPN
iiclr-17591	2259	29	art	art	NOUN
iiclr-17591	2259	30	.	.	PUNCT
iiclr-17591	2260	1	2043	2043	NUM
iiclr-17591	2260	2	(	(	PUNCT
iiclr-17591	2260	3	italy	italy	PROPN
iiclr-17591	2260	4	)	)	PUNCT
iiclr-17591	2260	5	)	)	PUNCT
iiclr-17591	2260	6	would	would	AUX
iiclr-17591	2260	7	allow	allow	VERB
iiclr-17591	2260	8	recovery	recovery	NOUN
iiclr-17591	2260	9	against	against	ADP
iiclr-17591	2260	10	directors	director	NOUN
iiclr-17591	2260	11	.	.	PUNCT
iiclr-17591	2261	1	therefore	therefore	ADV
iiclr-17591	2261	2	,	,	PUNCT
iiclr-17591	2261	3	the	the	DET
iiclr-17591	2261	4	role	role	NOUN
iiclr-17591	2261	5	that	that	PRON
iiclr-17591	2261	6	courts	court	NOUN
iiclr-17591	2261	7	carve	carve	VERB
iiclr-17591	2261	8	out	out	ADP
iiclr-17591	2261	9	for	for	ADP
iiclr-17591	2261	10	c.c	c.c	PROPN
iiclr-17591	2261	11	.	.	PROPN
iiclr-17591	2261	12	arts	arts	PROPN
iiclr-17591	2261	13	.	.	PUNCT
iiclr-17591	2261	14	2393	2393	NUM
iiclr-17591	2261	15	and	and	CCONJ
iiclr-17591	2261	16	2395	2395	NUM
iiclr-17591	2261	17	(	(	PUNCT
iiclr-17591	2261	18	italy	italy	PROPN
iiclr-17591	2261	19	)	)	PUNCT
iiclr-17591	2261	20	(	(	PUNCT
iiclr-17591	2261	21	which	which	PRON
iiclr-17591	2261	22	taken	take	VERB
iiclr-17591	2261	23	together	together	ADV
iiclr-17591	2261	24	seem	seem	VERB
iiclr-17591	2261	25	to	to	PART
iiclr-17591	2261	26	bar	bar	VERB
iiclr-17591	2261	27	both	both	DET
iiclr-17591	2261	28	derivative	derivative	ADJ
iiclr-17591	2261	29	suits	suit	NOUN
iiclr-17591	2261	30	and	and	CCONJ
iiclr-17591	2261	31	direct	direct	ADJ
iiclr-17591	2261	32	suits	suit	NOUN
iiclr-17591	2261	33	by	by	ADP
iiclr-17591	2261	34	individual	individual	ADJ
iiclr-17591	2261	35	shareholders	shareholder	NOUN
iiclr-17591	2261	36	)	)	PUNCT
iiclr-17591	2261	37	is	be	AUX
iiclr-17591	2261	38	suspect	suspect	ADJ
iiclr-17591	2261	39	at	at	ADP
iiclr-17591	2261	40	best	well	ADV
iiclr-17591	2261	41	.	.	PUNCT
iiclr-17591	2262	1	either	either	CCONJ
iiclr-17591	2262	2	the	the	DET
iiclr-17591	2262	3	interpretation	interpretation	NOUN
iiclr-17591	2262	4	courts	court	NOUN
iiclr-17591	2262	5	give	give	VERB
iiclr-17591	2262	6	is	be	AUX
iiclr-17591	2262	7	wrong	wrong	ADJ
iiclr-17591	2262	8	,	,	PUNCT
iiclr-17591	2262	9	or	or	CCONJ
iiclr-17591	2262	10	the	the	DET
iiclr-17591	2262	11	norms	norm	NOUN
iiclr-17591	2262	12	themselves	themselves	PRON
iiclr-17591	2262	13	are	be	AUX
iiclr-17591	2262	14	contrary	contrary	ADJ
iiclr-17591	2262	15	to	to	ADP
iiclr-17591	2262	16	art	art	NOUN
iiclr-17591	2262	17	.	.	PUNCT
iiclr-17591	2263	1	24(l	24(l	NUM
iiclr-17591	2263	2	)	)	PUNCT
iiclr-17591	2263	3	of	of	ADP
iiclr-17591	2263	4	the	the	DET
iiclr-17591	2263	5	constitution	constitution	NOUN
iiclr-17591	2263	6	of	of	ADP
iiclr-17591	2263	7	italy	italy	PROPN
iiclr-17591	2263	8	,	,	PUNCT
iiclr-17591	2263	9	which	which	PRON
iiclr-17591	2263	10	states	state	VERB
iiclr-17591	2263	11	that	that	SCONJ
iiclr-17591	2263	12	"	"	PUNCT
iiclr-17591	2263	13	[	[	X
iiclr-17591	2263	14	e]veryone	e]veryone	NOUN
iiclr-17591	2263	15	is	be	AUX
iiclr-17591	2263	16	entitled	entitle	VERB
iiclr-17591	2263	17	to	to	PART
iiclr-17591	2263	18	take	take	VERB
iiclr-17591	2263	19	action	action	NOUN
iiclr-17591	2263	20	to	to	PART
iiclr-17591	2263	21	enforce	enforce	VERB
iiclr-17591	2263	22	his	his	PRON
iiclr-17591	2263	23	rights	right	NOUN
iiclr-17591	2263	24	or	or	CCONJ
iiclr-17591	2263	25	legitimate	legitimate	ADJ
iiclr-17591	2263	26	interests	interest	NOUN
iiclr-17591	2263	27	.	.	PUNCT
iiclr-17591	2263	28	"	"	PUNCT
iiclr-17591	2264	1	in	in	ADP
iiclr-17591	2264	2	other	other	ADJ
iiclr-17591	2264	3	words	word	NOUN
iiclr-17591	2264	4	,	,	PUNCT
iiclr-17591	2264	5	only	only	ADV
iiclr-17591	2264	6	two	two	NUM
iiclr-17591	2264	7	possibilities	possibility	NOUN
iiclr-17591	2264	8	exist	exist	VERB
iiclr-17591	2264	9	:	:	PUNCT
iiclr-17591	2264	10	(	(	PUNCT
iiclr-17591	2264	11	a	a	X
iiclr-17591	2264	12	)	)	PUNCT
iiclr-17591	2264	13	c.c	c.c	PROPN
iiclr-17591	2264	14	.	.	PROPN
iiclr-17591	2264	15	arts	art	NOUN
iiclr-17591	2264	16	.	.	PUNCT
iiclr-17591	2265	1	2393	2393	NUM
iiclr-17591	2265	2	and	and	CCONJ
iiclr-17591	2265	3	2395	2395	NUM
iiclr-17591	2265	4	(	(	PUNCT
iiclr-17591	2265	5	italy	italy	PROPN
iiclr-17591	2265	6	)	)	PUNCT
iiclr-17591	2265	7	do	do	AUX
iiclr-17591	2265	8	not	not	PART
iiclr-17591	2265	9	preclude	preclude	VERB
iiclr-17591	2265	10	recovery	recovery	NOUN
iiclr-17591	2265	11	under	under	ADP
iiclr-17591	2265	12	c.c	c.c	PROPN
iiclr-17591	2265	13	.	.	PROPN
iiclr-17591	2265	14	art	art	NOUN
iiclr-17591	2265	15	.	.	PUNCT
iiclr-17591	2266	1	2043	2043	NUM
iiclr-17591	2266	2	(	(	PUNCT
iiclr-17591	2266	3	italy	italy	PROPN
iiclr-17591	2266	4	)	)	PUNCT
iiclr-17591	2266	5	(	(	PUNCT
iiclr-17591	2266	6	general	general	ADJ
iiclr-17591	2266	7	tort	tort	NOUN
iiclr-17591	2266	8	law	law	NOUN
iiclr-17591	2266	9	)	)	PUNCT
iiclr-17591	2266	10	,	,	PUNCT
iiclr-17591	2266	11	or	or	CCONJ
iiclr-17591	2266	12	(	(	PUNCT
iiclr-17591	2266	13	b	b	X
iiclr-17591	2266	14	)	)	PUNCT
iiclr-17591	2266	15	they	they	PRON
iiclr-17591	2266	16	do	do	AUX
iiclr-17591	2266	17	preclude	preclude	VERB
iiclr-17591	2266	18	such	such	ADJ
iiclr-17591	2266	19	recovery	recovery	NOUN
iiclr-17591	2266	20	,	,	PUNCT
iiclr-17591	2266	21	and	and	CCONJ
iiclr-17591	2266	22	this	this	DET
iiclr-17591	2266	23	clashes	clash	NOUN
iiclr-17591	2266	24	with	with	ADP
iiclr-17591	2266	25	art	art	NOUN
iiclr-17591	2266	26	.	.	PUNCT
iiclr-17591	2267	1	24(1	24(1	NOUN
iiclr-17591	2267	2	)	)	PUNCT
iiclr-17591	2267	3	of	of	ADP
iiclr-17591	2267	4	the	the	DET
iiclr-17591	2267	5	italian	italian	ADJ
iiclr-17591	2267	6	constitution	constitution	NOUN
iiclr-17591	2267	7	.	.	PUNCT
iiclr-17591	2268	1	the	the	DET
iiclr-17591	2268	2	italian	italian	ADJ
iiclr-17591	2268	3	constitutional	constitutional	ADJ
iiclr-17591	2268	4	court	court	NOUN
iiclr-17591	2268	5	has	have	AUX
iiclr-17591	2268	6	not	not	PART
iiclr-17591	2268	7	examined	examine	VERB
iiclr-17591	2268	8	such	such	DET
iiclr-17591	2268	9	a	a	DET
iiclr-17591	2268	10	question	question	NOUN
iiclr-17591	2268	11	until	until	ADP
iiclr-17591	2268	12	now	now	ADV
iiclr-17591	2268	13	.	.	PUNCT
iiclr-17591	2269	1	[	[	X
iiclr-17591	2269	2	vol	vol	NOUN
iiclr-17591	2269	3	.	.	PUNCT
iiclr-17591	2270	1	6:1i	6:1i	NUM
iiclr-17591	2270	2	corporate	corporate	ADJ
iiclr-17591	2270	3	governance	governance	NOUN
iiclr-17591	2270	4	in	in	ADP
iiclr-17591	2270	5	italy	italy	PROPN
iiclr-17591	2270	6	(	(	PUNCT
iiclr-17591	2270	7	italy	italy	PROPN
iiclr-17591	2270	8	)	)	PUNCT
iiclr-17591	2270	9	be	be	AUX
iiclr-17591	2270	10	repealed	repeal	VERB
iiclr-17591	2270	11	.	.	PUNCT
iiclr-17591	2271	1	as	as	SCONJ
iiclr-17591	2271	2	we	we	PRON
iiclr-17591	2271	3	have	have	AUX
iiclr-17591	2271	4	mentioned	mention	VERB
iiclr-17591	2271	5	before	before	ADV
iiclr-17591	2271	6	,	,	PUNCT
iiclr-17591	2271	7	civila	civila	PROPN
iiclr-17591	2271	8	code	code	PROPN
iiclr-17591	2271	9	art	art	NOUN
iiclr-17591	2271	10	.	.	PUNCT
iiclr-17591	2272	1	2409	2409	NUM
iiclr-17591	2272	2	(	(	PUNCT
iiclr-17591	2272	3	italy	italy	PROPN
iiclr-17591	2272	4	)	)	PUNCT
iiclr-17591	2272	5	provides	provide	VERB
iiclr-17591	2272	6	minority	minority	NOUN
iiclr-17591	2272	7	shareholders	shareholder	NOUN
iiclr-17591	2272	8	with	with	ADP
iiclr-17591	2272	9	the	the	DET
iiclr-17591	2272	10	possibility	possibility	NOUN
iiclr-17591	2272	11	of	of	ADP
iiclr-17591	2272	12	obtaining	obtain	VERB
iiclr-17591	2272	13	a	a	DET
iiclr-17591	2272	14	court	court	NOUN
iiclr-17591	2272	15	-	-	PUNCT
iiclr-17591	2272	16	ordered	order	VERB
iiclr-17591	2272	17	investigation	investigation	NOUN
iiclr-17591	2272	18	and	and	CCONJ
iiclr-17591	2272	19	injunctions	injunction	NOUN
iiclr-17591	2272	20	against	against	ADP
iiclr-17591	2272	21	directors	director	NOUN
iiclr-17591	2272	22	,	,	PUNCT
iiclr-17591	2272	23	and	and	CCONJ
iiclr-17591	2272	24	an	an	DET
iiclr-17591	2272	25	administrator	administrator	NOUN
iiclr-17591	2272	26	appointed	appoint	VERB
iiclr-17591	2272	27	by	by	ADP
iiclr-17591	2272	28	the	the	DET
iiclr-17591	2272	29	court	court	NOUN
iiclr-17591	2272	30	may	may	AUX
iiclr-17591	2272	31	theoretically	theoretically	ADV
iiclr-17591	2272	32	bring	bring	VERB
iiclr-17591	2272	33	a	a	DET
iiclr-17591	2272	34	liability	liability	NOUN
iiclr-17591	2272	35	suit	suit	NOUN
iiclr-17591	2272	36	against	against	ADP
iiclr-17591	2272	37	directors	director	NOUN
iiclr-17591	2272	38	and	and	CCONJ
iiclr-17591	2272	39	auditors	auditor	NOUN
iiclr-17591	2272	40	.	.	PUNCT
iiclr-17591	2273	1	although	although	SCONJ
iiclr-17591	2273	2	the	the	DET
iiclr-17591	2273	3	last	last	ADJ
iiclr-17591	2273	4	kind	kind	NOUN
iiclr-17591	2273	5	of	of	ADP
iiclr-17591	2273	6	outcome	outcome	NOUN
iiclr-17591	2273	7	is	be	AUX
iiclr-17591	2273	8	extremely	extremely	ADV
iiclr-17591	2273	9	rare	rare	ADJ
iiclr-17591	2273	10	(	(	PUNCT
iiclr-17591	2273	11	supra	supra	PROPN
iiclr-17591	2273	12	,	,	PUNCT
iiclr-17591	2273	13	v.a	v.a	PROPN
iiclr-17591	2273	14	)	)	PUNCT
iiclr-17591	2273	15	,	,	PUNCT
iiclr-17591	2273	16	civil	civil	ADJ
iiclr-17591	2273	17	code	code	NOUN
iiclr-17591	2273	18	art	art	NOUN
iiclr-17591	2273	19	.	.	PUNCT
iiclr-17591	2274	1	2409	2409	NUM
iiclr-17591	2274	2	(	(	PUNCT
iiclr-17591	2274	3	italy	italy	PROPN
iiclr-17591	2274	4	)	)	PUNCT
iiclr-17591	2274	5	provides	provide	VERB
iiclr-17591	2274	6	minority	minority	NOUN
iiclr-17591	2274	7	shareholders	shareholder	NOUN
iiclr-17591	2274	8	with	with	ADP
iiclr-17591	2274	9	a	a	DET
iiclr-17591	2274	10	crucial	crucial	ADJ
iiclr-17591	2274	11	remedy	remedy	NOUN
iiclr-17591	2274	12	,	,	PUNCT
iiclr-17591	2274	13	widely	widely	ADV
iiclr-17591	2274	14	used	use	VERB
iiclr-17591	2274	15	in	in	ADP
iiclr-17591	2274	16	situations	situation	NOUN
iiclr-17591	2274	17	of	of	ADP
iiclr-17591	2274	18	hard	hard	ADJ
iiclr-17591	2274	19	conflicts	conflict	NOUN
iiclr-17591	2274	20	among	among	ADP
iiclr-17591	2274	21	shareholders	shareholder	NOUN
iiclr-17591	2274	22	.	.	PUNCT
iiclr-17591	2275	1	more	more	ADV
iiclr-17591	2275	2	particularly	particularly	ADV
iiclr-17591	2275	3	,	,	PUNCT
iiclr-17591	2275	4	the	the	DET
iiclr-17591	2275	5	use	use	NOUN
iiclr-17591	2275	6	of	of	ADP
iiclr-17591	2275	7	such	such	ADJ
iiclr-17591	2275	8	remedy	remedy	NOUN
iiclr-17591	2275	9	indicates	indicate	VERB
iiclr-17591	2275	10	tensions	tension	NOUN
iiclr-17591	2275	11	concerning	concern	VERB
iiclr-17591	2275	12	the	the	DET
iiclr-17591	2275	13	way	way	NOUN
iiclr-17591	2275	14	the	the	DET
iiclr-17591	2275	15	company	company	NOUN
iiclr-17591	2275	16	is	be	AUX
iiclr-17591	2275	17	managed.2	managed.2	NOUN
iiclr-17591	2275	18	"	"	PUNCT
iiclr-17591	2275	19	evidence	evidence	NOUN
iiclr-17591	2275	20	shows	show	VERB
iiclr-17591	2275	21	that	that	SCONJ
iiclr-17591	2275	22	minority	minority	NOUN
iiclr-17591	2275	23	requests	request	NOUN
iiclr-17591	2275	24	for	for	ADP
iiclr-17591	2275	25	inspections	inspection	NOUN
iiclr-17591	2275	26	under	under	ADP
iiclr-17591	2275	27	civil	civil	ADJ
iiclr-17591	2275	28	code	code	NOUN
iiclr-17591	2275	29	art	art	NOUN
iiclr-17591	2275	30	.	.	PUNCT
iiclr-17591	2276	1	2409	2409	NUM
iiclr-17591	2276	2	(	(	PUNCT
iiclr-17591	2276	3	italy	italy	PROPN
iiclr-17591	2276	4	)	)	PUNCT
iiclr-17591	2276	5	arefifteen	arefifteen	PROPN
iiclr-17591	2276	6	times	time	NOUN
iiclr-17591	2276	7	more	more	ADV
iiclr-17591	2276	8	frequent	frequent	ADJ
iiclr-17591	2276	9	than	than	ADP
iiclr-17591	2276	10	liability	liability	NOUN
iiclr-17591	2276	11	actions	action	NOUN
iiclr-17591	2276	12	against	against	ADP
iiclr-17591	2276	13	directors	director	NOUN
iiclr-17591	2276	14	attempted	attempt	VERB
iiclr-17591	2276	15	by	by	ADP
iiclr-17591	2276	16	minority	minority	NOUN
iiclr-17591	2276	17	shareholders.274	shareholders.274	ADJ
iiclr-17591	2276	18	in	in	ADP
iiclr-17591	2276	19	all	all	PRON
iiclr-17591	2276	20	of	of	ADP
iiclr-17591	2276	21	these	these	DET
iiclr-17591	2276	22	cases	case	NOUN
iiclr-17591	2276	23	minority	minority	NOUN
iiclr-17591	2276	24	shareholders	shareholder	NOUN
iiclr-17591	2276	25	challenged	challenge	VERB
iiclr-17591	2276	26	directors	director	NOUN
iiclr-17591	2276	27	'	'	PART
iiclr-17591	2276	28	conduct	conduct	NOUN
iiclr-17591	2276	29	on	on	ADP
iiclr-17591	2276	30	various	various	ADJ
iiclr-17591	2276	31	grounds	ground	NOUN
iiclr-17591	2276	32	-most	-most	VERB
iiclr-17591	2276	33	frequently	frequently	ADV
iiclr-17591	2276	34	conflict	conflict	NOUN
iiclr-17591	2276	35	of	of	ADP
iiclr-17591	2276	36	interest	interest	NOUN
iiclr-17591	2276	37	and	and	CCONJ
iiclr-17591	2276	38	fraud	fraud	NOUN
iiclr-17591	2276	39	.	.	PUNCT
iiclr-17591	2277	1	in	in	ADP
iiclr-17591	2277	2	most	most	ADJ
iiclr-17591	2277	3	cases	case	NOUN
iiclr-17591	2277	4	,	,	PUNCT
iiclr-17591	2277	5	shareholders	shareholder	NOUN
iiclr-17591	2277	6	sought	seek	VERB
iiclr-17591	2277	7	to	to	PART
iiclr-17591	2277	8	have	have	VERB
iiclr-17591	2277	9	the	the	DET
iiclr-17591	2277	10	court	court	NOUN
iiclr-17591	2277	11	stop	stop	VERB
iiclr-17591	2277	12	directors	director	NOUN
iiclr-17591	2277	13	from	from	ADP
iiclr-17591	2277	14	managing	manage	VERB
iiclr-17591	2277	15	the	the	DET
iiclr-17591	2277	16	company	company	NOUN
iiclr-17591	2277	17	.	.	PUNCT
iiclr-17591	2278	1	affirming	affirm	VERB
iiclr-17591	2278	2	that	that	SCONJ
iiclr-17591	2278	3	,	,	PUNCT
iiclr-17591	2278	4	absent	absent	ADJ
iiclr-17591	2278	5	the	the	DET
iiclr-17591	2278	6	majority	majority	NOUN
iiclr-17591	2278	7	vote	vote	NOUN
iiclr-17591	2278	8	requisite	requisite	NOUN
iiclr-17591	2278	9	,	,	PUNCT
iiclr-17591	2278	10	at	at	ADP
iiclr-17591	2278	11	least	least	ADJ
iiclr-17591	2278	12	a	a	DET
iiclr-17591	2278	13	substantial	substantial	ADJ
iiclr-17591	2278	14	part	part	NOUN
iiclr-17591	2278	15	of	of	ADP
iiclr-17591	2278	16	the	the	DET
iiclr-17591	2278	17	cases	case	NOUN
iiclr-17591	2278	18	arising	arise	VERB
iiclr-17591	2278	19	under	under	ADP
iiclr-17591	2278	20	civil	civil	ADJ
iiclr-17591	2278	21	code	code	NOUN
iiclr-17591	2278	22	art	art	NOUN
iiclr-17591	2278	23	.	.	PUNCT
iiclr-17591	2279	1	2409	2409	NUM
iiclr-17591	2279	2	(	(	PUNCT
iiclr-17591	2279	3	italy	italy	PROPN
iiclr-17591	2279	4	)	)	PUNCT
iiclr-17591	2279	5	would	would	AUX
iiclr-17591	2279	6	have	have	AUX
iiclr-17591	2279	7	been	be	AUX
iiclr-17591	2279	8	minority	minority	NOUN
iiclr-17591	2279	9	liability	liability	NOUN
iiclr-17591	2279	10	suits	suit	NOUN
iiclr-17591	2279	11	against	against	ADP
iiclr-17591	2279	12	directors	director	NOUN
iiclr-17591	2279	13	appears	appear	VERB
iiclr-17591	2279	14	to	to	PART
iiclr-17591	2279	15	be	be	AUX
iiclr-17591	2279	16	just	just	ADV
iiclr-17591	2279	17	common	common	ADJ
iiclr-17591	2279	18	sense	sense	NOUN
iiclr-17591	2279	19	.	.	PUNCT
iiclr-17591	2280	1	we	we	PRON
iiclr-17591	2280	2	can	can	AUX
iiclr-17591	2280	3	well	well	ADV
iiclr-17591	2280	4	say	say	VERB
iiclr-17591	2280	5	,	,	PUNCT
iiclr-17591	2280	6	then	then	ADV
iiclr-17591	2280	7	,	,	PUNCT
iiclr-17591	2280	8	that	that	SCONJ
iiclr-17591	2280	9	a	a	DET
iiclr-17591	2280	10	non	non	ADJ
iiclr-17591	2280	11	-	-	ADJ
iiclr-17591	2280	12	superficial	superficial	ADJ
iiclr-17591	2280	13	scrutiny	scrutiny	NOUN
iiclr-17591	2280	14	of	of	ADP
iiclr-17591	2280	15	italian	italian	ADJ
iiclr-17591	2280	16	cases	case	NOUN
iiclr-17591	2280	17	sheds	shed	VERB
iiclr-17591	2280	18	light	light	NOUN
iiclr-17591	2280	19	on	on	ADP
iiclr-17591	2280	20	a	a	DET
iiclr-17591	2280	21	very	very	ADV
iiclr-17591	2280	22	important	important	ADJ
iiclr-17591	2280	23	phenomenon	phenomenon	NOUN
iiclr-17591	2280	24	:	:	PUNCT
iiclr-17591	2280	25	the	the	DET
iiclr-17591	2280	26	existence	existence	NOUN
iiclr-17591	2280	27	of	of	ADP
iiclr-17591	2280	28	an	an	DET
iiclr-17591	2280	29	enormous	enormous	ADJ
iiclr-17591	2280	30	quantity	quantity	NOUN
iiclr-17591	2280	31	of	of	ADP
iiclr-17591	2280	32	"	"	PUNCT
iiclr-17591	2280	33	undercover	undercover	ADJ
iiclr-17591	2280	34	"	"	PUNCT
iiclr-17591	2280	35	liability	liability	NOUN
iiclr-17591	2280	36	suits	suit	NOUN
iiclr-17591	2280	37	against	against	ADP
iiclr-17591	2280	38	directors	director	NOUN
iiclr-17591	2280	39	.	.	PUNCT
iiclr-17591	2281	1	c.	c.	PROPN
iiclr-17591	2281	2	directors	director	NOUN
iiclr-17591	2281	3	'	'	PART
iiclr-17591	2281	4	liability	liability	NOUN
iiclr-17591	2281	5	legal	legal	ADJ
iiclr-17591	2281	6	framework	framework	NOUN
iiclr-17591	2281	7	in	in	ADP
iiclr-17591	2281	8	action	action	NOUN
iiclr-17591	2281	9	:	:	PUNCT
iiclr-17591	2281	10	who	who	PRON
iiclr-17591	2281	11	is	be	AUX
iiclr-17591	2281	12	protected	protect	VERB
iiclr-17591	2281	13	against	against	ADP
iiclr-17591	2281	14	whom	whom	PRON
iiclr-17591	2281	15	?	?	PUNCT
iiclr-17591	2282	1	the	the	DET
iiclr-17591	2282	2	official	official	ADJ
iiclr-17591	2282	3	report	report	NOUN
iiclr-17591	2282	4	of	of	ADP
iiclr-17591	2282	5	the	the	DET
iiclr-17591	2282	6	ministry	ministry	PROPN
iiclr-17591	2282	7	of	of	ADP
iiclr-17591	2282	8	justice	justice	PROPN
iiclr-17591	2282	9	on	on	ADP
iiclr-17591	2282	10	the	the	DET
iiclr-17591	2282	11	civil	civil	ADJ
iiclr-17591	2282	12	code	code	NOUN
iiclr-17591	2282	13	,	,	PUNCT
iiclr-17591	2282	14	§	§	PROPN
iiclr-17591	2282	15	173	173	NUM
iiclr-17591	2282	16	,	,	PUNCT
iiclr-17591	2282	17	stated	state	VERB
iiclr-17591	2282	18	that	that	SCONJ
iiclr-17591	2282	19	one	one	NUM
iiclr-17591	2282	20	of	of	ADP
iiclr-17591	2282	21	the	the	DET
iiclr-17591	2282	22	principles	principle	NOUN
iiclr-17591	2282	23	inspiring	inspire	VERB
iiclr-17591	2282	24	the	the	DET
iiclr-17591	2282	25	reform	reform	NOUN
iiclr-17591	2282	26	was	be	AUX
iiclr-17591	2282	27	that	that	SCONJ
iiclr-17591	2282	28	"	"	PUNCT
iiclr-17591	2282	29	the	the	DET
iiclr-17591	2282	30	fear	fear	NOUN
iiclr-17591	2282	31	to	to	ADP
iiclr-17591	2282	32	273	273	NUM
iiclr-17591	2282	33	.	.	PUNCT
iiclr-17591	2283	1	obviously	obviously	ADV
iiclr-17591	2283	2	,	,	PUNCT
iiclr-17591	2283	3	actions	action	NOUN
iiclr-17591	2283	4	under	under	ADP
iiclr-17591	2283	5	c.c	c.c	PROPN
iiclr-17591	2283	6	.	.	PROPN
iiclr-17591	2283	7	art	art	PROPN
iiclr-17591	2283	8	.	.	PUNCT
iiclr-17591	2284	1	2409	2409	NUM
iiclr-17591	2284	2	(	(	PUNCT
iiclr-17591	2284	3	italy	italy	PROPN
iiclr-17591	2284	4	)	)	PUNCT
iiclr-17591	2284	5	do	do	AUX
iiclr-17591	2284	6	not	not	PART
iiclr-17591	2284	7	exhaust	exhaust	VERB
iiclr-17591	2284	8	all	all	DET
iiclr-17591	2284	9	the	the	DET
iiclr-17591	2284	10	remedies	remedy	NOUN
iiclr-17591	2284	11	minority	minority	NOUN
iiclr-17591	2284	12	shareholders	shareholder	NOUN
iiclr-17591	2284	13	have	have	VERB
iiclr-17591	2284	14	.	.	PUNCT
iiclr-17591	2285	1	actions	action	NOUN
iiclr-17591	2285	2	that	that	PRON
iiclr-17591	2285	3	challenge	challenge	VERB
iiclr-17591	2285	4	the	the	DET
iiclr-17591	2285	5	validity	validity	NOUN
iiclr-17591	2285	6	of	of	ADP
iiclr-17591	2285	7	shareholders	shareholder	NOUN
iiclr-17591	2285	8	'	'	PART
iiclr-17591	2285	9	resolutions	resolution	NOUN
iiclr-17591	2285	10	under	under	ADP
iiclr-17591	2285	11	c.c	c.c	PROPN
iiclr-17591	2285	12	.	.	PROPN
iiclr-17591	2285	13	arts	arts	PROPN
iiclr-17591	2285	14	.	.	PUNCT
iiclr-17591	2286	1	2377	2377	NUM
iiclr-17591	2286	2	and	and	CCONJ
iiclr-17591	2286	3	2379	2379	NUM
iiclr-17591	2286	4	(	(	PUNCT
iiclr-17591	2286	5	italy	italy	PROPN
iiclr-17591	2286	6	)	)	PUNCT
iiclr-17591	2286	7	,	,	PUNCT
iiclr-17591	2286	8	for	for	ADP
iiclr-17591	2286	9	instance	instance	NOUN
iiclr-17591	2286	10	,	,	PUNCT
iiclr-17591	2286	11	arise	arise	VERB
iiclr-17591	2286	12	from	from	ADP
iiclr-17591	2286	13	the	the	DET
iiclr-17591	2286	14	attempt	attempt	NOUN
iiclr-17591	2286	15	of	of	ADP
iiclr-17591	2286	16	absent	absent	ADJ
iiclr-17591	2286	17	or	or	CCONJ
iiclr-17591	2286	18	dissenting	dissent	VERB
iiclr-17591	2286	19	shareholders	shareholder	NOUN
iiclr-17591	2286	20	to	to	PART
iiclr-17591	2286	21	have	have	AUX
iiclr-17591	2286	22	the	the	DET
iiclr-17591	2286	23	court	court	NOUN
iiclr-17591	2286	24	avoid	avoid	VERB
iiclr-17591	2286	25	a	a	DET
iiclr-17591	2286	26	resolution	resolution	NOUN
iiclr-17591	2286	27	approved	approve	VERB
iiclr-17591	2286	28	by	by	ADP
iiclr-17591	2286	29	a	a	DET
iiclr-17591	2286	30	majority	majority	NOUN
iiclr-17591	2286	31	of	of	ADP
iiclr-17591	2286	32	shareholders	shareholder	NOUN
iiclr-17591	2286	33	.	.	PUNCT
iiclr-17591	2287	1	therefore	therefore	ADV
iiclr-17591	2287	2	,	,	PUNCT
iiclr-17591	2287	3	such	such	ADJ
iiclr-17591	2287	4	actions	action	NOUN
iiclr-17591	2287	5	also	also	ADV
iiclr-17591	2287	6	reveal	reveal	VERB
iiclr-17591	2287	7	the	the	DET
iiclr-17591	2287	8	existence	existence	NOUN
iiclr-17591	2287	9	of	of	ADP
iiclr-17591	2287	10	tension	tension	NOUN
iiclr-17591	2287	11	between	between	ADP
iiclr-17591	2287	12	shareholders	shareholder	NOUN
iiclr-17591	2287	13	.	.	PUNCT
iiclr-17591	2288	1	nevertheless	nevertheless	ADV
iiclr-17591	2288	2	,	,	PUNCT
iiclr-17591	2288	3	legal	legal	ADJ
iiclr-17591	2288	4	grounds	ground	NOUN
iiclr-17591	2288	5	for	for	ADP
iiclr-17591	2288	6	such	such	DET
iiclr-17591	2288	7	a	a	DET
iiclr-17591	2288	8	course	course	NOUN
iiclr-17591	2288	9	of	of	ADP
iiclr-17591	2288	10	action	action	NOUN
iiclr-17591	2288	11	may	may	AUX
iiclr-17591	2288	12	vary	vary	VERB
iiclr-17591	2288	13	,	,	PUNCT
iiclr-17591	2288	14	and	and	CCONJ
iiclr-17591	2288	15	a	a	DET
iiclr-17591	2288	16	link	link	NOUN
iiclr-17591	2288	17	between	between	ADP
iiclr-17591	2288	18	challenges	challenge	NOUN
iiclr-17591	2288	19	of	of	ADP
iiclr-17591	2288	20	shareholders	shareholder	NOUN
iiclr-17591	2288	21	'	'	PART
iiclr-17591	2288	22	resolutions	resolution	NOUN
iiclr-17591	2288	23	and	and	CCONJ
iiclr-17591	2288	24	challenges	challenge	NOUN
iiclr-17591	2288	25	to	to	ADP
iiclr-17591	2288	26	directors	director	NOUN
iiclr-17591	2288	27	can	can	AUX
iiclr-17591	2288	28	not	not	PART
iiclr-17591	2288	29	be	be	AUX
iiclr-17591	2288	30	strictly	strictly	ADV
iiclr-17591	2288	31	established	establish	VERB
iiclr-17591	2288	32	.	.	PUNCT
iiclr-17591	2289	1	aiming	aim	VERB
iiclr-17591	2289	2	at	at	ADP
iiclr-17591	2289	3	a	a	DET
iiclr-17591	2289	4	favorable	favorable	ADJ
iiclr-17591	2289	5	cash	cash	NOUN
iiclr-17591	2289	6	-	-	PUNCT
iiclr-17591	2289	7	out	out	NOUN
iiclr-17591	2289	8	by	by	ADP
iiclr-17591	2289	9	the	the	DET
iiclr-17591	2289	10	majority	majority	NOUN
iiclr-17591	2289	11	,	,	PUNCT
iiclr-17591	2289	12	for	for	ADP
iiclr-17591	2289	13	example	example	NOUN
iiclr-17591	2289	14	,	,	PUNCT
iiclr-17591	2289	15	unsatisfied	unsatisfied	ADJ
iiclr-17591	2289	16	minority	minority	NOUN
iiclr-17591	2289	17	shareholders	shareholder	NOUN
iiclr-17591	2289	18	may	may	AUX
iiclr-17591	2289	19	well	well	ADV
iiclr-17591	2289	20	challenge	challenge	VERB
iiclr-17591	2289	21	the	the	DET
iiclr-17591	2289	22	election	election	NOUN
iiclr-17591	2289	23	of	of	ADP
iiclr-17591	2289	24	directors	director	NOUN
iiclr-17591	2289	25	,	,	PUNCT
iiclr-17591	2289	26	alleging	allege	VERB
iiclr-17591	2289	27	the	the	DET
iiclr-17591	2289	28	illegality	illegality	NOUN
iiclr-17591	2289	29	of	of	ADP
iiclr-17591	2289	30	the	the	DET
iiclr-17591	2289	31	voting	voting	NOUN
iiclr-17591	2289	32	procedure	procedure	NOUN
iiclr-17591	2289	33	that	that	PRON
iiclr-17591	2289	34	was	be	AUX
iiclr-17591	2289	35	followed	follow	VERB
iiclr-17591	2289	36	,	,	PUNCT
iiclr-17591	2289	37	even	even	ADV
iiclr-17591	2289	38	though	though	SCONJ
iiclr-17591	2289	39	they	they	PRON
iiclr-17591	2289	40	are	be	AUX
iiclr-17591	2289	41	not	not	PART
iiclr-17591	2289	42	able	able	ADJ
iiclr-17591	2289	43	to	to	PART
iiclr-17591	2289	44	allege	allege	VERB
iiclr-17591	2289	45	any	any	DET
iiclr-17591	2289	46	kind	kind	NOUN
iiclr-17591	2289	47	of	of	ADP
iiclr-17591	2289	48	mismanagement	mismanagement	NOUN
iiclr-17591	2289	49	.	.	PUNCT
iiclr-17591	2290	1	cases	case	NOUN
iiclr-17591	2290	2	under	under	ADP
iiclr-17591	2290	3	c.c	c.c	PROPN
iiclr-17591	2290	4	.	.	PROPN
iiclr-17591	2290	5	art	art	PROPN
iiclr-17591	2290	6	.	.	PUNCT
iiclr-17591	2291	1	2409	2409	NUM
iiclr-17591	2291	2	(	(	PUNCT
iiclr-17591	2291	3	italy	italy	PROPN
iiclr-17591	2291	4	)	)	PUNCT
iiclr-17591	2291	5	alone	alone	ADV
iiclr-17591	2291	6	,	,	PUNCT
iiclr-17591	2291	7	therefore	therefore	ADV
iiclr-17591	2291	8	,	,	PUNCT
iiclr-17591	2291	9	are	be	AUX
iiclr-17591	2291	10	a	a	DET
iiclr-17591	2291	11	more	more	ADV
iiclr-17591	2291	12	limited	limited	ADJ
iiclr-17591	2291	13	,	,	PUNCT
iiclr-17591	2291	14	but	but	CCONJ
iiclr-17591	2291	15	much	much	ADV
iiclr-17591	2291	16	more	more	ADV
iiclr-17591	2291	17	significant	significant	ADJ
iiclr-17591	2291	18	proxy	proxy	NOUN
iiclr-17591	2291	19	for	for	ADP
iiclr-17591	2291	20	potential	potential	ADJ
iiclr-17591	2291	21	liability	liability	NOUN
iiclr-17591	2291	22	suits	suit	NOUN
iiclr-17591	2291	23	against	against	ADP
iiclr-17591	2291	24	directors	director	NOUN
iiclr-17591	2291	25	.	.	PUNCT
iiclr-17591	2292	1	274	274	NUM
iiclr-17591	2292	2	.	.	PUNCT
iiclr-17591	2293	1	the	the	DET
iiclr-17591	2293	2	research	research	NOUN
iiclr-17591	2293	3	is	be	AUX
iiclr-17591	2293	4	again	again	ADV
iiclr-17591	2293	5	based	base	VERB
iiclr-17591	2293	6	on	on	ADP
iiclr-17591	2293	7	aselection	aselection	NOUN
iiclr-17591	2293	8	of	of	ADP
iiclr-17591	2293	9	the	the	DET
iiclr-17591	2293	10	cases	case	NOUN
iiclr-17591	2293	11	classified	classify	VERB
iiclr-17591	2293	12	under	under	ADP
iiclr-17591	2293	13	the	the	DET
iiclr-17591	2293	14	appropriate	appropriate	ADJ
iiclr-17591	2293	15	headings	heading	NOUN
iiclr-17591	2293	16	in	in	ADP
iiclr-17591	2293	17	foro	foro	PROPN
iiclr-17591	2293	18	italiano	italiano	PROPN
iiclr-17591	2293	19	.	.	PUNCT
iiclr-17591	2294	1	repertorio	repertorio	PROPN
iiclr-17591	2294	2	,	,	PUNCT
iiclr-17591	2294	3	annual	annual	ADJ
iiclr-17591	2294	4	editions	edition	NOUN
iiclr-17591	2294	5	between	between	ADP
iiclr-17591	2294	6	1988	1988	NUM
iiclr-17591	2294	7	and	and	CCONJ
iiclr-17591	2294	8	1992	1992	NUM
iiclr-17591	2294	9	(	(	PUNCT
iiclr-17591	2294	10	these	these	DET
iiclr-17591	2294	11	years	year	NOUN
iiclr-17591	2294	12	included	include	VERB
iiclr-17591	2294	13	)	)	PUNCT
iiclr-17591	2294	14	.	.	PUNCT
iiclr-17591	2295	1	in	in	ADP
iiclr-17591	2295	2	selecting	select	VERB
iiclr-17591	2295	3	the	the	DET
iiclr-17591	2295	4	relevant	relevant	ADJ
iiclr-17591	2295	5	cases	case	NOUN
iiclr-17591	2295	6	,	,	PUNCT
iiclr-17591	2295	7	i	i	PRON
iiclr-17591	2295	8	have	have	AUX
iiclr-17591	2295	9	applied	apply	VERB
iiclr-17591	2295	10	the	the	DET
iiclr-17591	2295	11	same	same	ADJ
iiclr-17591	2295	12	criteria	criterion	NOUN
iiclr-17591	2295	13	explained	explain	VERB
iiclr-17591	2295	14	supra	supra	PROPN
iiclr-17591	2295	15	note	note	PROPN
iiclr-17591	2295	16	262	262	NUM
iiclr-17591	2295	17	.	.	PUNCT
iiclr-17591	2295	18	published	publish	VERB
iiclr-17591	2295	19	cases	case	NOUN
iiclr-17591	2295	20	arising	arise	VERB
iiclr-17591	2295	21	from	from	ADP
iiclr-17591	2295	22	a	a	DET
iiclr-17591	2295	23	tension	tension	NOUN
iiclr-17591	2295	24	between	between	ADP
iiclr-17591	2295	25	majority	majority	NOUN
iiclr-17591	2295	26	and	and	CCONJ
iiclr-17591	2295	27	majority	majority	NOUN
iiclr-17591	2295	28	amounted	amount	VERB
iiclr-17591	2295	29	to	to	ADP
iiclr-17591	2295	30	156	156	NUM
iiclr-17591	2295	31	,	,	PUNCT
iiclr-17591	2295	32	while	while	SCONJ
iiclr-17591	2295	33	in	in	ADP
iiclr-17591	2295	34	the	the	DET
iiclr-17591	2295	35	same	same	ADJ
iiclr-17591	2295	36	period	period	NOUN
iiclr-17591	2295	37	published	publish	VERB
iiclr-17591	2295	38	decisions	decision	NOUN
iiclr-17591	2295	39	on	on	ADP
iiclr-17591	2295	40	liability	liability	NOUN
iiclr-17591	2295	41	actions	action	NOUN
iiclr-17591	2295	42	instituted	institute	VERB
iiclr-17591	2295	43	by	by	ADP
iiclr-17591	2295	44	minority	minority	NOUN
iiclr-17591	2295	45	shareholders	shareholder	NOUN
iiclr-17591	2295	46	numbered	number	VERB
iiclr-17591	2295	47	only	only	ADV
iiclr-17591	2295	48	ten	ten	NUM
iiclr-17591	2295	49	.	.	PUNCT
iiclr-17591	2296	1	1995	1995	NUM
iiclr-17591	2296	2	]	]	X
iiclr-17591	2296	3	ind	ind	NOUN
iiclr-17591	2296	4	.	.	PUNCT
iiclr-17591	2297	1	int'l	int'l	PROPN
iiclr-17591	2297	2	&	&	CCONJ
iiclr-17591	2297	3	comp	comp	PROPN
iiclr-17591	2297	4	.	.	PUNCT
iiclr-17591	2298	1	l	l	PROPN
iiclr-17591	2298	2	rev	rev	PROPN
iiclr-17591	2298	3	.	.	PROPN
iiclr-17591	2298	4	shoulder	shoulder	NOUN
iiclr-17591	2298	5	overwhelming	overwhelming	ADJ
iiclr-17591	2298	6	responsibilities	responsibility	NOUN
iiclr-17591	2298	7	must	must	AUX
iiclr-17591	2298	8	not	not	PART
iiclr-17591	2298	9	deter	deter	VERB
iiclr-17591	2298	10	the	the	DET
iiclr-17591	2298	11	best	good	ADJ
iiclr-17591	2298	12	and	and	CCONJ
iiclr-17591	2298	13	most	most	ADV
iiclr-17591	2298	14	conscious	conscious	ADJ
iiclr-17591	2298	15	people	people	NOUN
iiclr-17591	2298	16	from	from	ADP
iiclr-17591	2298	17	assuming	assume	VERB
iiclr-17591	2298	18	an	an	DET
iiclr-17591	2298	19	office	office	NOUN
iiclr-17591	2298	20	for	for	ADP
iiclr-17591	2298	21	which	which	PRON
iiclr-17591	2298	22	their	their	PRON
iiclr-17591	2298	23	skill	skill	NOUN
iiclr-17591	2298	24	and	and	CCONJ
iiclr-17591	2298	25	rectitude	rectitude	NOUN
iiclr-17591	2298	26	are	be	AUX
iiclr-17591	2298	27	exceptionally	exceptionally	ADV
iiclr-17591	2298	28	valuable	valuable	ADJ
iiclr-17591	2298	29	.	.	PUNCT
iiclr-17591	2298	30	"	"	PUNCT
iiclr-17591	2299	1	if	if	SCONJ
iiclr-17591	2299	2	this	this	PRON
iiclr-17591	2299	3	was	be	AUX
iiclr-17591	2299	4	the	the	DET
iiclr-17591	2299	5	goal	goal	NOUN
iiclr-17591	2299	6	,	,	PUNCT
iiclr-17591	2299	7	achievements	achievement	NOUN
iiclr-17591	2299	8	fell	fall	VERB
iiclr-17591	2299	9	well	well	ADV
iiclr-17591	2299	10	short	short	ADJ
iiclr-17591	2299	11	of	of	ADP
iiclr-17591	2299	12	it	it	PRON
iiclr-17591	2299	13	.	.	PUNCT
iiclr-17591	2300	1	besides	besides	SCONJ
iiclr-17591	2300	2	,	,	PUNCT
iiclr-17591	2300	3	what	what	PRON
iiclr-17591	2300	4	has	have	AUX
iiclr-17591	2300	5	been	be	AUX
iiclr-17591	2300	6	achieved	achieve	VERB
iiclr-17591	2300	7	could	could	AUX
iiclr-17591	2300	8	have	have	AUX
iiclr-17591	2300	9	been	be	AUX
iiclr-17591	2300	10	achieved	achieve	VERB
iiclr-17591	2300	11	through	through	ADP
iiclr-17591	2300	12	less	less	ADV
iiclr-17591	2300	13	restrictive	restrictive	ADJ
iiclr-17591	2300	14	alternatives	alternative	NOUN
iiclr-17591	2300	15	.	.	PUNCT
iiclr-17591	2301	1	actual	actual	ADJ
iiclr-17591	2301	2	cases	case	NOUN
iiclr-17591	2301	3	concerning	concern	VERB
iiclr-17591	2301	4	directors	director	NOUN
iiclr-17591	2301	5	'	'	PART
iiclr-17591	2301	6	liability	liability	NOUN
iiclr-17591	2301	7	show	show	VERB
iiclr-17591	2301	8	that	that	SCONJ
iiclr-17591	2301	9	even	even	ADV
iiclr-17591	2301	10	very	very	ADV
iiclr-17591	2301	11	dishonest	dishonest	ADJ
iiclr-17591	2301	12	people	people	NOUN
iiclr-17591	2301	13	may	may	AUX
iiclr-17591	2301	14	escape	escape	VERB
iiclr-17591	2301	15	from	from	ADP
iiclr-17591	2301	16	being	be	AUX
iiclr-17591	2301	17	held	hold	VERB
iiclr-17591	2301	18	accountable	accountable	ADJ
iiclr-17591	2301	19	,	,	PUNCT
iiclr-17591	2301	20	and	and	CCONJ
iiclr-17591	2301	21	very	very	ADV
iiclr-17591	2301	22	conscientious	conscientious	ADJ
iiclr-17591	2301	23	people	people	NOUN
iiclr-17591	2301	24	may	may	AUX
iiclr-17591	2301	25	fall	fall	VERB
iiclr-17591	2301	26	prey	prey	NOUN
iiclr-17591	2301	27	to	to	ADP
iiclr-17591	2301	28	authentic	authentic	ADJ
iiclr-17591	2301	29	ambushes	ambush	NOUN
iiclr-17591	2301	30	.	.	PUNCT
iiclr-17591	2302	1	in	in	ADP
iiclr-17591	2302	2	fact	fact	NOUN
iiclr-17591	2302	3	,	,	PUNCT
iiclr-17591	2302	4	the	the	DET
iiclr-17591	2302	5	majority	majority	NOUN
iiclr-17591	2302	6	vote	vote	NOUN
iiclr-17591	2302	7	requirement	requirement	NOUN
iiclr-17591	2302	8	protects	protect	VERB
iiclr-17591	2302	9	directors	director	NOUN
iiclr-17591	2302	10	regardless	regardless	ADV
iiclr-17591	2302	11	of	of	ADP
iiclr-17591	2302	12	what	what	PRON
iiclr-17591	2302	13	they	they	PRON
iiclr-17591	2302	14	have	have	AUX
iiclr-17591	2302	15	done	do	VERB
iiclr-17591	2302	16	(	(	PUNCT
iiclr-17591	2302	17	managerial	managerial	ADJ
iiclr-17591	2302	18	errors	error	NOUN
iiclr-17591	2302	19	,	,	PUNCT
iiclr-17591	2302	20	conflict	conflict	NOUN
iiclr-17591	2302	21	of	of	ADP
iiclr-17591	2302	22	interest	interest	NOUN
iiclr-17591	2302	23	,	,	PUNCT
iiclr-17591	2302	24	fraud	fraud	NOUN
iiclr-17591	2302	25	)	)	PUNCT
iiclr-17591	2302	26	,	,	PUNCT
iiclr-17591	2302	27	and	and	CCONJ
iiclr-17591	2302	28	it	it	PRON
iiclr-17591	2302	29	leaves	leave	VERB
iiclr-17591	2302	30	them	they	PRON
iiclr-17591	2302	31	without	without	ADP
iiclr-17591	2302	32	any	any	DET
iiclr-17591	2302	33	protection	protection	NOUN
iiclr-17591	2302	34	as	as	ADV
iiclr-17591	2302	35	soon	soon	ADV
iiclr-17591	2302	36	as	as	SCONJ
iiclr-17591	2302	37	the	the	DET
iiclr-17591	2302	38	majority	majority	NOUN
iiclr-17591	2302	39	changes	change	VERB
iiclr-17591	2302	40	its	its	PRON
iiclr-17591	2302	41	mind	mind	NOUN
iiclr-17591	2302	42	,	,	PUNCT
iiclr-17591	2302	43	alliances	alliance	NOUN
iiclr-17591	2302	44	reverse	reverse	VERB
iiclr-17591	2302	45	,	,	PUNCT
iiclr-17591	2302	46	control	control	NOUN
iiclr-17591	2302	47	is	be	AUX
iiclr-17591	2302	48	transferred	transfer	VERB
iiclr-17591	2302	49	,	,	PUNCT
iiclr-17591	2302	50	or	or	CCONJ
iiclr-17591	2302	51	the	the	DET
iiclr-17591	2302	52	company	company	NOUN
iiclr-17591	2302	53	goes	go	VERB
iiclr-17591	2302	54	bankrupt	bankrupt	ADJ
iiclr-17591	2302	55	.	.	PUNCT
iiclr-17591	2303	1	art	art	NOUN
iiclr-17591	2303	2	.	.	PUNCT
iiclr-17591	2304	1	2393	2393	NUM
iiclr-17591	2304	2	civil	civil	ADJ
iiclr-17591	2304	3	code	code	NOUN
iiclr-17591	2304	4	does	do	AUX
iiclr-17591	2304	5	not	not	PART
iiclr-17591	2304	6	protect	protect	VERB
iiclr-17591	2304	7	directors	director	NOUN
iiclr-17591	2304	8	against	against	ADP
iiclr-17591	2304	9	iritless	iritless	ADJ
iiclr-17591	2304	10	actions	action	NOUN
iiclr-17591	2304	11	,	,	PUNCT
iiclr-17591	2304	12	but	but	CCONJ
iiclr-17591	2304	13	against	against	ADP
iiclr-17591	2304	14	mincrity	mincrity	NOUN
iiclr-17591	2304	15	actions	action	NOUN
iiclr-17591	2304	16	.	.	PUNCT
iiclr-17591	2305	1	in	in	ADP
iiclr-17591	2305	2	other	other	ADJ
iiclr-17591	2305	3	words	word	NOUN
iiclr-17591	2305	4	,	,	PUNCT
iiclr-17591	2305	5	it	it	PRON
iiclr-17591	2305	6	filters	filter	VERB
iiclr-17591	2305	7	plaintiffs	plaintiff	NOUN
iiclr-17591	2305	8	,	,	PUNCT
iiclr-17591	2305	9	not	not	PART
iiclr-17591	2305	10	actions	action	NOUN
iiclr-17591	2305	11	.	.	PUNCT
iiclr-17591	2306	1	if	if	SCONJ
iiclr-17591	2306	2	we	we	PRON
iiclr-17591	2306	3	desire	desire	VERB
iiclr-17591	2306	4	that	that	SCONJ
iiclr-17591	2306	5	directors	director	NOUN
iiclr-17591	2306	6	take	take	VERB
iiclr-17591	2306	7	even	even	ADV
iiclr-17591	2306	8	risky	risky	ADJ
iiclr-17591	2306	9	business	business	NOUN
iiclr-17591	2306	10	decisions	decision	NOUN
iiclr-17591	2306	11	and	and	CCONJ
iiclr-17591	2306	12	manage	manage	VERB
iiclr-17591	2306	13	the	the	DET
iiclr-17591	2306	14	company	company	NOUN
iiclr-17591	2306	15	effectively	effectively	ADV
iiclr-17591	2306	16	,	,	PUNCT
iiclr-17591	2306	17	actions	action	NOUN
iiclr-17591	2306	18	against	against	ADP
iiclr-17591	2306	19	them	they	PRON
iiclr-17591	2306	20	must	must	AUX
iiclr-17591	2306	21	be	be	AUX
iiclr-17591	2306	22	screened	screen	VERB
iiclr-17591	2306	23	.	.	PUNCT
iiclr-17591	2307	1	the	the	DET
iiclr-17591	2307	2	problem	problem	NOUN
iiclr-17591	2307	3	is	be	AUX
iiclr-17591	2307	4	that	that	SCONJ
iiclr-17591	2307	5	the	the	DET
iiclr-17591	2307	6	italian	italian	ADJ
iiclr-17591	2307	7	system	system	NOUN
iiclr-17591	2307	8	screens	screen	NOUN
iiclr-17591	2307	9	actions	action	NOUN
iiclr-17591	2307	10	along	along	ADP
iiclr-17591	2307	11	the	the	DET
iiclr-17591	2307	12	wrong	wrong	ADJ
iiclr-17591	2307	13	line	line	NOUN
iiclr-17591	2307	14	.	.	PUNCT
iiclr-17591	2308	1	on	on	ADP
iiclr-17591	2308	2	the	the	DET
iiclr-17591	2308	3	one	one	NUM
iiclr-17591	2308	4	hand	hand	NOUN
iiclr-17591	2308	5	,	,	PUNCT
iiclr-17591	2308	6	a	a	DET
iiclr-17591	2308	7	mistake	mistake	NOUN
iiclr-17591	2308	8	,	,	PUNCT
iiclr-17591	2308	9	or	or	CCONJ
iiclr-17591	2308	10	an	an	DET
iiclr-17591	2308	11	act	act	NOUN
iiclr-17591	2308	12	in	in	ADP
iiclr-17591	2308	13	conflict	conflict	NOUN
iiclr-17591	2308	14	of	of	ADP
iiclr-17591	2308	15	interest	interest	NOUN
iiclr-17591	2308	16	,	,	PUNCT
iiclr-17591	2308	17	is	be	AUX
iiclr-17591	2308	18	such	such	ADJ
iiclr-17591	2308	19	regardless	regardless	ADV
iiclr-17591	2308	20	of	of	ADP
iiclr-17591	2308	21	who	who	PRON
iiclr-17591	2308	22	alleges	allege	VERB
iiclr-17591	2308	23	it	it	PRON
iiclr-17591	2308	24	,	,	PUNCT
iiclr-17591	2308	25	and	and	CCONJ
iiclr-17591	2308	26	whether	whether	SCONJ
iiclr-17591	2308	27	it	it	PRON
iiclr-17591	2308	28	has	have	AUX
iiclr-17591	2308	29	actually	actually	ADV
iiclr-17591	2308	30	been	be	AUX
iiclr-17591	2308	31	committed	commit	VERB
iiclr-17591	2308	32	or	or	CCONJ
iiclr-17591	2308	33	not	not	PART
iiclr-17591	2308	34	,	,	PUNCT
iiclr-17591	2308	35	it	it	PRON
iiclr-17591	2308	36	is	be	AUX
iiclr-17591	2308	37	for	for	ADP
iiclr-17591	2308	38	the	the	DET
iiclr-17591	2308	39	courts	court	NOUN
iiclr-17591	2308	40	and	and	CCONJ
iiclr-17591	2308	41	not	not	PART
iiclr-17591	2308	42	for	for	SCONJ
iiclr-17591	2308	43	the	the	DET
iiclr-17591	2308	44	majority	majority	NOUN
iiclr-17591	2308	45	to	to	PART
iiclr-17591	2308	46	ascertain	ascertain	VERB
iiclr-17591	2308	47	.	.	PUNCT
iiclr-17591	2309	1	on	on	ADP
iiclr-17591	2309	2	the	the	DET
iiclr-17591	2309	3	other	other	ADJ
iiclr-17591	2309	4	hand	hand	NOUN
iiclr-17591	2309	5	,	,	PUNCT
iiclr-17591	2309	6	if	if	SCONJ
iiclr-17591	2309	7	directors	director	NOUN
iiclr-17591	2309	8	must	must	AUX
iiclr-17591	2309	9	be	be	AUX
iiclr-17591	2309	10	protected	protect	VERB
iiclr-17591	2309	11	against	against	ADP
iiclr-17591	2309	12	frivolous	frivolous	ADJ
iiclr-17591	2309	13	suits	suit	NOUN
iiclr-17591	2309	14	,	,	PUNCT
iiclr-17591	2309	15	they	they	PRON
iiclr-17591	2309	16	must	must	AUX
iiclr-17591	2309	17	be	be	AUX
iiclr-17591	2309	18	protected	protect	VERB
iiclr-17591	2309	19	objectively	objectively	ADV
iiclr-17591	2309	20	and	and	CCONJ
iiclr-17591	2309	21	consistently	consistently	ADV
iiclr-17591	2309	22	,	,	PUNCT
iiclr-17591	2309	23	against	against	ADP
iiclr-17591	2309	24	minority	minority	NOUN
iiclr-17591	2309	25	shareholders	shareholder	NOUN
iiclr-17591	2309	26	as	as	ADV
iiclr-17591	2309	27	well	well	ADV
iiclr-17591	2309	28	as	as	ADP
iiclr-17591	2309	29	against	against	ADP
iiclr-17591	2309	30	majority	majority	NOUN
iiclr-17591	2309	31	shareholders	shareholder	NOUN
iiclr-17591	2309	32	and	and	CCONJ
iiclr-17591	2309	33	bankruptcy	bankruptcy	NOUN
iiclr-17591	2309	34	trustees	trustee	NOUN
iiclr-17591	2309	35	.	.	PUNCT
iiclr-17591	2310	1	our	our	PRON
iiclr-17591	2310	2	empirical	empirical	ADJ
iiclr-17591	2310	3	examination	examination	NOUN
iiclr-17591	2310	4	yields	yield	NOUN
iiclr-17591	2310	5	both	both	DET
iiclr-17591	2310	6	meritless	meritless	NOUN
iiclr-17591	2310	7	suits	suit	NOUN
iiclr-17591	2310	8	by	by	ADP
iiclr-17591	2310	9	the	the	DET
iiclr-17591	2310	10	majority	majority	NOUN
iiclr-17591	2310	11	..	..	PUNCT
iiclr-17591	2310	12	and	and	CCONJ
iiclr-17591	2310	13	intense	intense	ADJ
iiclr-17591	2310	14	pressure	pressure	NOUN
iiclr-17591	2310	15	coming	come	VERB
iiclr-17591	2310	16	from	from	ADP
iiclr-17591	2310	17	the	the	DET
iiclr-17591	2310	18	minority	minority	NOUN
iiclr-17591	2310	19	,	,	PUNCT
iiclr-17591	2310	20	which	which	PRON
iiclr-17591	2310	21	hardly	hardly	ADV
iiclr-17591	2310	22	can	can	AUX
iiclr-17591	2310	23	be	be	AUX
iiclr-17591	2310	24	presumed	presume	VERB
iiclr-17591	2310	25	to	to	PART
iiclr-17591	2310	26	be	be	AUX
iiclr-17591	2310	27	always	always	ADV
iiclr-17591	2310	28	meritless	meritless	NOUN
iiclr-17591	2310	29	.	.	PUNCT
iiclr-17591	2311	1	the	the	DET
iiclr-17591	2311	2	majority	majority	NOUN
iiclr-17591	2311	3	requirement	requirement	NOUN
iiclr-17591	2311	4	for	for	ADP
iiclr-17591	2311	5	suits	suit	NOUN
iiclr-17591	2311	6	against	against	ADP
iiclr-17591	2311	7	directors	director	NOUN
iiclr-17591	2311	8	,	,	PUNCT
iiclr-17591	2311	9	set	set	VERB
iiclr-17591	2311	10	forth	forth	ADV
iiclr-17591	2311	11	by	by	ADP
iiclr-17591	2311	12	art	art	NOUN
iiclr-17591	2311	13	.	.	PUNCT
iiclr-17591	2312	1	2393	2393	NUM
iiclr-17591	2312	2	civil	civil	ADJ
iiclr-17591	2312	3	code	code	NOUN
iiclr-17591	2312	4	,	,	PUNCT
iiclr-17591	2312	5	does	do	AUX
iiclr-17591	2312	6	not	not	PART
iiclr-17591	2312	7	safeguard	safeguard	VERB
iiclr-17591	2312	8	directors	director	NOUN
iiclr-17591	2312	9	,	,	PUNCT
iiclr-17591	2312	10	who	who	PRON
iiclr-17591	2312	11	are	be	AUX
iiclr-17591	2312	12	at	at	ADP
iiclr-17591	2312	13	the	the	DET
iiclr-17591	2312	14	majority	majority	NOUN
iiclr-17591	2312	15	's	's	PART
iiclr-17591	2312	16	mercy	mercy	NOUN
iiclr-17591	2312	17	,	,	PUNCT
iiclr-17591	2312	18	but	but	CCONJ
iiclr-17591	2312	19	increases	increase	VERB
iiclr-17591	2312	20	the	the	DET
iiclr-17591	2312	21	weight	weight	NOUN
iiclr-17591	2312	22	of	of	ADP
iiclr-17591	2312	23	the	the	DET
iiclr-17591	2312	24	majority	majority	NOUN
iiclr-17591	2312	25	,	,	PUNCT
iiclr-17591	2312	26	which	which	PRON
iiclr-17591	2312	27	is	be	AUX
iiclr-17591	2312	28	empowered	empower	VERB
iiclr-17591	2312	29	with	with	ADP
iiclr-17591	2312	30	an	an	DET
iiclr-17591	2312	31	unquestionable	unquestionable	ADJ
iiclr-17591	2312	32	right	right	NOUN
iiclr-17591	2312	33	over	over	ADP
iiclr-17591	2312	34	directors	director	NOUN
iiclr-17591	2312	35	'	'	PART
iiclr-17591	2312	36	liability	liability	NOUN
iiclr-17591	2312	37	.	.	PUNCT
iiclr-17591	2313	1	d.	d.	PROPN
iiclr-17591	2313	2	concentrated	concentrate	VERB
iiclr-17591	2313	3	ownership	ownership	NOUN
iiclr-17591	2313	4	structure	structure	NOUN
iiclr-17591	2313	5	and	and	CCONJ
iiclr-17591	2313	6	majority	majority	NOUN
iiclr-17591	2313	7	vote	vote	NOUN
iiclr-17591	2313	8	:	:	PUNCT
iiclr-17591	2313	9	spontaneous	spontaneous	ADJ
iiclr-17591	2313	10	incentives	incentive	NOUN
iiclr-17591	2313	11	versus	versus	ADP
iiclr-17591	2313	12	optimal	optimal	ADJ
iiclr-17591	2313	13	deterrence	deterrence	NOUN
iiclr-17591	2313	14	.	.	PUNCT
iiclr-17591	2314	1	the	the	DET
iiclr-17591	2314	2	different	different	ADJ
iiclr-17591	2314	3	situations	situation	NOUN
iiclr-17591	2314	4	of	of	ADP
iiclr-17591	2314	5	the	the	DET
iiclr-17591	2314	6	duty	duty	NOUN
iiclr-17591	2314	7	of	of	ADP
iiclr-17591	2314	8	care	care	NOUN
iiclr-17591	2314	9	and	and	CCONJ
iiclr-17591	2314	10	of	of	ADP
iiclr-17591	2314	11	the	the	DET
iiclr-17591	2314	12	duty	duty	NOUN
iiclr-17591	2314	13	of	of	ADP
iiclr-17591	2314	14	loyalty	loyalty	NOUN
iiclr-17591	2314	15	.	.	PUNCT
iiclr-17591	2315	1	what	what	PRON
iiclr-17591	2315	2	are	be	AUX
iiclr-17591	2315	3	the	the	DET
iiclr-17591	2315	4	combined	combine	VERB
iiclr-17591	2315	5	effects	effect	NOUN
iiclr-17591	2315	6	of	of	ADP
iiclr-17591	2315	7	the	the	DET
iiclr-17591	2315	8	majority	majority	NOUN
iiclr-17591	2315	9	vote	vote	NOUN
iiclr-17591	2315	10	requirement	requirement	NOUN
iiclr-17591	2315	11	for	for	ADP
iiclr-17591	2315	12	liability	liability	NOUN
iiclr-17591	2315	13	suits	suit	NOUN
iiclr-17591	2315	14	against	against	ADP
iiclr-17591	2315	15	directors	director	NOUN
iiclr-17591	2315	16	and	and	CCONJ
iiclr-17591	2315	17	the	the	DET
iiclr-17591	2315	18	concentrated	concentrated	ADJ
iiclr-17591	2315	19	ownership	ownership	NOUN
iiclr-17591	2315	20	structure	structure	NOUN
iiclr-17591	2315	21	of	of	ADP
iiclr-17591	2315	22	italian	italian	ADJ
iiclr-17591	2315	23	companies	company	NOUN
iiclr-17591	2315	24	?	?	PUNCT
iiclr-17591	2316	1	if	if	SCONJ
iiclr-17591	2316	2	the	the	DET
iiclr-17591	2316	3	costs	cost	NOUN
iiclr-17591	2316	4	of	of	ADP
iiclr-17591	2316	5	making	make	VERB
iiclr-17591	2316	6	collective	collective	ADJ
iiclr-17591	2316	7	decisions	decision	NOUN
iiclr-17591	2316	8	were	be	AUX
iiclr-17591	2316	9	zero	zero	NUM
iiclr-17591	2316	10	and	and	CCONJ
iiclr-17591	2316	11	perfect	perfect	ADJ
iiclr-17591	2316	12	information	information	NOUN
iiclr-17591	2316	13	were	be	AUX
iiclr-17591	2316	14	available	available	ADJ
iiclr-17591	2316	15	,	,	PUNCT
iiclr-17591	2316	16	shareholders	shareholder	NOUN
iiclr-17591	2316	17	would	would	AUX
iiclr-17591	2316	18	be	be	AUX
iiclr-17591	2316	19	the	the	DET
iiclr-17591	2316	20	ideal	ideal	ADJ
iiclr-17591	2316	21	constituency	constituency	NOUN
iiclr-17591	2316	22	to	to	PART
iiclr-17591	2316	23	decide	decide	VERB
iiclr-17591	2316	24	whether	whether	SCONJ
iiclr-17591	2316	25	or	or	CCONJ
iiclr-17591	2316	26	not	not	PART
iiclr-17591	2316	27	the	the	DET
iiclr-17591	2316	28	company	company	NOUN
iiclr-17591	2316	29	should	should	AUX
iiclr-17591	2316	30	sue	sue	VERB
iiclr-17591	2316	31	its	its	PRON
iiclr-17591	2316	32	own	own	ADJ
iiclr-17591	2316	33	directors	director	NOUN
iiclr-17591	2316	34	.	.	PUNCT
iiclr-17591	2317	1	after	after	ADV
iiclr-17591	2317	2	all	all	ADV
iiclr-17591	2317	3	,	,	PUNCT
iiclr-17591	2317	4	275	275	NUM
iiclr-17591	2317	5	.	.	PUNCT
iiclr-17591	2318	1	see	see	VERB
iiclr-17591	2318	2	,	,	PUNCT
iiclr-17591	2318	3	e.g.	e.g.	ADV
iiclr-17591	2318	4	,	,	PUNCT
iiclr-17591	2318	5	judgment	judgment	NOUN
iiclr-17591	2318	6	of	of	ADP
iiclr-17591	2318	7	nov	nov	PROPN
iiclr-17591	2318	8	.	.	PROPN
iiclr-17591	2318	9	5	5	NUM
iiclr-17591	2318	10	,	,	PUNCT
iiclr-17591	2318	11	1991	1991	NUM
iiclr-17591	2318	12	,	,	PUNCT
iiclr-17591	2318	13	appellate	appellate	ADJ
iiclr-17591	2318	14	court	court	NOUN
iiclr-17591	2318	15	of	of	ADP
iiclr-17591	2318	16	milan	milan	PROPN
iiclr-17591	2318	17	,	,	PUNCT
iiclr-17591	2318	18	supra	supra	PROPN
iiclr-17591	2318	19	note	note	NOUN
iiclr-17591	2318	20	266	266	NUM
iiclr-17591	2318	21	.	.	PUNCT
iiclr-17591	2319	1	[	[	X
iiclr-17591	2319	2	'	'	X
iiclr-17591	2319	3	vol	vol	NOUN
iiclr-17591	2319	4	.	.	PUNCT
iiclr-17591	2320	1	6:1l	6:1l	NUM
iiclr-17591	2320	2	corporate	corporate	ADJ
iiclr-17591	2320	3	governance	governance	NOUN
iiclr-17591	2320	4	in	in	ADP
iiclr-17591	2320	5	italy	italy	PROPN
iiclr-17591	2320	6	directors	director	NOUN
iiclr-17591	2320	7	are	be	AUX
iiclr-17591	2320	8	supposed	suppose	VERB
iiclr-17591	2320	9	to	to	PART
iiclr-17591	2320	10	pursue	pursue	VERB
iiclr-17591	2320	11	the	the	DET
iiclr-17591	2320	12	interests	interest	NOUN
iiclr-17591	2320	13	of	of	ADP
iiclr-17591	2320	14	shareholders	shareholder	NOUN
iiclr-17591	2320	15	,	,	PUNCT
iiclr-17591	2320	16	and	and	CCONJ
iiclr-17591	2320	17	the	the	DET
iiclr-17591	2320	18	latter	latter	ADJ
iiclr-17591	2320	19	seem	seem	VERB
iiclr-17591	2320	20	well	well	ADV
iiclr-17591	2320	21	entitled	entitled	ADJ
iiclr-17591	2320	22	to	to	PART
iiclr-17591	2320	23	evaluate	evaluate	VERB
iiclr-17591	2320	24	how	how	SCONJ
iiclr-17591	2320	25	the	the	DET
iiclr-17591	2320	26	former	former	ADJ
iiclr-17591	2320	27	discharge	discharge	VERB
iiclr-17591	2320	28	their	their	PRON
iiclr-17591	2320	29	duty	duty	NOUN
iiclr-17591	2320	30	.	.	PUNCT
iiclr-17591	2321	1	neither	neither	PRON
iiclr-17591	2321	2	of	of	ADP
iiclr-17591	2321	3	the	the	DET
iiclr-17591	2321	4	preceding	precede	VERB
iiclr-17591	2321	5	assumptions	assumption	NOUN
iiclr-17591	2321	6	,	,	PUNCT
iiclr-17591	2321	7	however	however	ADV
iiclr-17591	2321	8	,	,	PUNCT
iiclr-17591	2321	9	is	be	AUX
iiclr-17591	2321	10	true	true	ADJ
iiclr-17591	2321	11	:	:	PUNCT
iiclr-17591	2321	12	collective	collective	ADJ
iiclr-17591	2321	13	decision	decision	NOUN
iiclr-17591	2321	14	processes	process	NOUN
iiclr-17591	2321	15	can	can	AUX
iiclr-17591	2321	16	be	be	AUX
iiclr-17591	2321	17	very	very	ADV
iiclr-17591	2321	18	costly	costly	ADJ
iiclr-17591	2321	19	,	,	PUNCT
iiclr-17591	2321	20	and	and	CCONJ
iiclr-17591	2321	21	perfect	perfect	ADJ
iiclr-17591	2321	22	information	information	NOUN
iiclr-17591	2321	23	is	be	AUX
iiclr-17591	2321	24	not	not	PART
iiclr-17591	2321	25	cheaply	cheaply	ADV
iiclr-17591	2321	26	available	available	ADJ
iiclr-17591	2321	27	to	to	PART
iiclr-17591	2321	28	shareholders.276	shareholders.276	VERB
iiclr-17591	2321	29	moreover	moreover	ADV
iiclr-17591	2321	30	,	,	PUNCT
iiclr-17591	2321	31	in	in	ADP
iiclr-17591	2321	32	a	a	DET
iiclr-17591	2321	33	concentrated	concentrated	ADJ
iiclr-17591	2321	34	ownership	ownership	NOUN
iiclr-17591	2321	35	structure	structure	NOUN
iiclr-17591	2321	36	like	like	ADP
iiclr-17591	2321	37	the	the	DET
iiclr-17591	2321	38	italian	italian	ADJ
iiclr-17591	2321	39	one	one	NUM
iiclr-17591	2321	40	,	,	PUNCT
iiclr-17591	2321	41	we	we	PRON
iiclr-17591	2321	42	have	have	VERB
iiclr-17591	2321	43	no	no	DET
iiclr-17591	2321	44	assurance	assurance	NOUN
iiclr-17591	2321	45	at	at	ADP
iiclr-17591	2321	46	all	all	ADV
iiclr-17591	2321	47	that	that	PRON
iiclr-17591	2321	48	the	the	DET
iiclr-17591	2321	49	shareholders	shareholder	NOUN
iiclr-17591	2321	50	'	'	PART
iiclr-17591	2321	51	vote	vote	NOUN
iiclr-17591	2321	52	on	on	ADP
iiclr-17591	2321	53	directors	director	NOUN
iiclr-17591	2321	54	'	'	PART
iiclr-17591	2321	55	liability	liability	NOUN
iiclr-17591	2321	56	is	be	AUX
iiclr-17591	2321	57	objectively	objectively	ADV
iiclr-17591	2321	58	motivated	motivated	ADJ
iiclr-17591	2321	59	.	.	PUNCT
iiclr-17591	2322	1	if	if	SCONJ
iiclr-17591	2322	2	the	the	DET
iiclr-17591	2322	3	shareholders	shareholder	NOUN
iiclr-17591	2322	4	'	'	PART
iiclr-17591	2322	5	meeting	meeting	NOUN
iiclr-17591	2322	6	is	be	AUX
iiclr-17591	2322	7	increasingly	increasingly	ADV
iiclr-17591	2322	8	considered	consider	VERB
iiclr-17591	2322	9	an	an	DET
iiclr-17591	2322	10	inadequate	inadequate	ADJ
iiclr-17591	2322	11	forum	forum	NOUN
iiclr-17591	2322	12	to	to	PART
iiclr-17591	2322	13	decide	decide	VERB
iiclr-17591	2322	14	on	on	ADP
iiclr-17591	2322	15	directors	director	NOUN
iiclr-17591	2322	16	'	'	PART
iiclr-17591	2322	17	liability	liability	NOUN
iiclr-17591	2322	18	in	in	ADP
iiclr-17591	2322	19	american	american	ADJ
iiclr-17591	2322	20	corporate	corporate	ADJ
iiclr-17591	2322	21	governance	governance	NOUN
iiclr-17591	2322	22	,	,	PUNCT
iiclr-17591	2322	23	it	it	PRON
iiclr-17591	2322	24	is	be	AUX
iiclr-17591	2322	25	even	even	ADV
iiclr-17591	2322	26	less	less	ADV
iiclr-17591	2322	27	adequate	adequate	ADJ
iiclr-17591	2322	28	in	in	ADP
iiclr-17591	2322	29	the	the	DET
iiclr-17591	2322	30	italian	italian	ADJ
iiclr-17591	2322	31	case.2	case.2	PROPN
iiclr-17591	2322	32	"	"	PUNCT
iiclr-17591	2322	33	dominant	dominant	ADJ
iiclr-17591	2322	34	shareholders	shareholder	NOUN
iiclr-17591	2322	35	,	,	PUNCT
iiclr-17591	2322	36	actively	actively	ADV
iiclr-17591	2322	37	involved	involve	VERB
iiclr-17591	2322	38	in	in	ADP
iiclr-17591	2322	39	the	the	DET
iiclr-17591	2322	40	management	management	NOUN
iiclr-17591	2322	41	of	of	ADP
iiclr-17591	2322	42	the	the	DET
iiclr-17591	2322	43	company	company	NOUN
iiclr-17591	2322	44	,	,	PUNCT
iiclr-17591	2322	45	are	be	AUX
iiclr-17591	2322	46	not	not	PART
iiclr-17591	2322	47	exactly	exactly	ADV
iiclr-17591	2322	48	independent	independent	ADJ
iiclr-17591	2322	49	when	when	SCONJ
iiclr-17591	2322	50	the	the	DET
iiclr-17591	2322	51	moment	moment	NOUN
iiclr-17591	2322	52	comes	come	VERB
iiclr-17591	2322	53	to	to	PART
iiclr-17591	2322	54	assess	assess	VERB
iiclr-17591	2322	55	the	the	DET
iiclr-17591	2322	56	conduct	conduct	NOUN
iiclr-17591	2322	57	of	of	ADP
iiclr-17591	2322	58	directors	director	NOUN
iiclr-17591	2322	59	.	.	PUNCT
iiclr-17591	2323	1	minority	minority	NOUN
iiclr-17591	2323	2	shareholders	shareholder	NOUN
iiclr-17591	2323	3	,	,	PUNCT
iiclr-17591	2323	4	as	as	SCONJ
iiclr-17591	2323	5	we	we	PRON
iiclr-17591	2323	6	have	have	AUX
iiclr-17591	2323	7	seen	see	VERB
iiclr-17591	2323	8	,	,	PUNCT
iiclr-17591	2323	9	have	have	VERB
iiclr-17591	2323	10	a	a	DET
iiclr-17591	2323	11	reduced	reduce	VERB
iiclr-17591	2323	12	ability	ability	NOUN
iiclr-17591	2323	13	to	to	PART
iiclr-17591	2323	14	monitor	monitor	VERB
iiclr-17591	2323	15	directors	director	NOUN
iiclr-17591	2323	16	effectively	effectively	ADV
iiclr-17591	2323	17	.	.	PUNCT
iiclr-17591	2324	1	they	they	PRON
iiclr-17591	2324	2	have	have	VERB
iiclr-17591	2324	3	the	the	DET
iiclr-17591	2324	4	right	right	NOUN
iiclr-17591	2324	5	to	to	PART
iiclr-17591	2324	6	challenge	challenge	VERB
iiclr-17591	2324	7	certain	certain	ADJ
iiclr-17591	2324	8	corporate	corporate	ADJ
iiclr-17591	2324	9	decisions	decision	NOUN
iiclr-17591	2324	10	and	and	CCONJ
iiclr-17591	2324	11	to	to	PART
iiclr-17591	2324	12	ask	ask	VERB
iiclr-17591	2324	13	a	a	DET
iiclr-17591	2324	14	court	court	NOUN
iiclr-17591	2324	15	investigation	investigation	NOUN
iiclr-17591	2324	16	under	under	ADP
iiclr-17591	2324	17	civil	civil	ADJ
iiclr-17591	2324	18	code	code	NOUN
iiclr-17591	2324	19	art	art	NOUN
iiclr-17591	2324	20	.	.	PUNCT
iiclr-17591	2325	1	2409	2409	NUM
iiclr-17591	2325	2	(	(	PUNCT
iiclr-17591	2325	3	italy	italy	PROPN
iiclr-17591	2325	4	)	)	PUNCT
iiclr-17591	2325	5	,	,	PUNCT
iiclr-17591	2325	6	but	but	CCONJ
iiclr-17591	2325	7	they	they	PRON
iiclr-17591	2325	8	do	do	AUX
iiclr-17591	2325	9	not	not	PART
iiclr-17591	2325	10	have	have	VERB
iiclr-17591	2325	11	the	the	DET
iiclr-17591	2325	12	right	right	NOUN
iiclr-17591	2325	13	to	to	PART
iiclr-17591	2325	14	hold	hold	VERB
iiclr-17591	2325	15	directors	director	NOUN
iiclr-17591	2325	16	accountable	accountable	ADJ
iiclr-17591	2325	17	for	for	ADP
iiclr-17591	2325	18	their	their	PRON
iiclr-17591	2325	19	actions.275	actions.275	PROPN
iiclr-17591	2325	20	given	give	VERB
iiclr-17591	2325	21	the	the	DET
iiclr-17591	2325	22	de	de	PROPN
iiclr-17591	2325	23	276	276	NUM
iiclr-17591	2325	24	.	.	PUNCT
iiclr-17591	2325	25	to	to	ADP
iiclr-17591	2325	26	the	the	DET
iiclr-17591	2325	27	contrary	contrary	NOUN
iiclr-17591	2325	28	,	,	PUNCT
iiclr-17591	2325	29	directors	director	NOUN
iiclr-17591	2325	30	have	have	VERB
iiclr-17591	2325	31	typically	typically	ADV
iiclr-17591	2325	32	more	more	ADJ
iiclr-17591	2325	33	information	information	NOUN
iiclr-17591	2325	34	than	than	ADP
iiclr-17591	2325	35	shareholders	shareholder	NOUN
iiclr-17591	2325	36	,	,	PUNCT
iiclr-17591	2325	37	or	or	CCONJ
iiclr-17591	2325	38	at	at	ADP
iiclr-17591	2325	39	least	least	ADJ
iiclr-17591	2325	40	more	more	ADJ
iiclr-17591	2325	41	information	information	NOUN
iiclr-17591	2325	42	than	than	ADP
iiclr-17591	2325	43	a	a	DET
iiclr-17591	2325	44	part	part	NOUN
iiclr-17591	2325	45	of	of	ADP
iiclr-17591	2325	46	them	they	PRON
iiclr-17591	2325	47	.	.	PUNCT
iiclr-17591	2326	1	277	277	NUM
iiclr-17591	2326	2	.	.	PUNCT
iiclr-17591	2327	1	see	see	VERB
iiclr-17591	2327	2	generally	generally	ADV
iiclr-17591	2327	3	clark	clark	PROPN
iiclr-17591	2327	4	,	,	PUNCT
iiclr-17591	2327	5	supra	supra	PROPN
iiclr-17591	2327	6	note	note	PROPN
iiclr-17591	2327	7	53	53	NUM
iiclr-17591	2327	8	,	,	PUNCT
iiclr-17591	2327	9	at	at	ADP
iiclr-17591	2327	10	649	649	NUM
iiclr-17591	2327	11	-	-	SYM
iiclr-17591	2327	12	50	50	NUM
iiclr-17591	2327	13	(	(	PUNCT
iiclr-17591	2327	14	stressing	stress	VERB
iiclr-17591	2327	15	the	the	DET
iiclr-17591	2327	16	costs	cost	NOUN
iiclr-17591	2327	17	of	of	ADP
iiclr-17591	2327	18	a	a	DET
iiclr-17591	2327	19	demand	demand	NOUN
iiclr-17591	2327	20	on	on	ADP
iiclr-17591	2327	21	shareholders	shareholder	NOUN
iiclr-17591	2327	22	requirement	requirement	NOUN
iiclr-17591	2327	23	,	,	PUNCT
iiclr-17591	2327	24	the	the	DET
iiclr-17591	2327	25	lack	lack	NOUN
iiclr-17591	2327	26	of	of	ADP
iiclr-17591	2327	27	information	information	NOUN
iiclr-17591	2327	28	among	among	ADP
iiclr-17591	2327	29	shareholders	shareholder	NOUN
iiclr-17591	2327	30	in	in	ADP
iiclr-17591	2327	31	public	public	ADJ
iiclr-17591	2327	32	companies	company	NOUN
iiclr-17591	2327	33	,	,	PUNCT
iiclr-17591	2327	34	and	and	CCONJ
iiclr-17591	2327	35	the	the	DET
iiclr-17591	2327	36	possibility	possibility	NOUN
iiclr-17591	2327	37	that	that	SCONJ
iiclr-17591	2327	38	wrongdoers	wrongdoer	VERB
iiclr-17591	2327	39	influence	influence	VERB
iiclr-17591	2327	40	the	the	DET
iiclr-17591	2327	41	shareholder	shareholder	NOUN
iiclr-17591	2327	42	vote	vote	NOUN
iiclr-17591	2327	43	)	)	PUNCT
iiclr-17591	2327	44	.	.	PUNCT
iiclr-17591	2328	1	the	the	DET
iiclr-17591	2328	2	position	position	NOUN
iiclr-17591	2328	3	of	of	ADP
iiclr-17591	2328	4	2	2	NUM
iiclr-17591	2328	5	american	american	ADJ
iiclr-17591	2328	6	law	law	PROPN
iiclr-17591	2328	7	institute	institute	PROPN
iiclr-17591	2328	8	,	,	PUNCT
iiclr-17591	2328	9	supra	supra	PROPN
iiclr-17591	2328	10	note	note	PROPN
iiclr-17591	2328	11	235	235	NUM
iiclr-17591	2328	12	,	,	PUNCT
iiclr-17591	2328	13	is	be	AUX
iiclr-17591	2328	14	less	less	ADV
iiclr-17591	2328	15	draconian	draconian	ADJ
iiclr-17591	2328	16	:	:	PUNCT
iiclr-17591	2328	17	on	on	ADP
iiclr-17591	2328	18	the	the	DET
iiclr-17591	2328	19	one	one	NUM
iiclr-17591	2328	20	hand	hand	NOUN
iiclr-17591	2328	21	,	,	PUNCT
iiclr-17591	2328	22	§	§	PROPN
iiclr-17591	2328	23	7.03	7.03	NUM
iiclr-17591	2328	24	sets	set	NOUN
iiclr-17591	2328	25	forth	forth	ADV
iiclr-17591	2328	26	that	that	SCONJ
iiclr-17591	2328	27	demand	demand	NOUN
iiclr-17591	2328	28	on	on	ADP
iiclr-17591	2328	29	shareholders	shareholder	NOUN
iiclr-17591	2328	30	to	to	PART
iiclr-17591	2328	31	commence	commence	VERB
iiclr-17591	2328	32	a	a	DET
iiclr-17591	2328	33	derivative	derivative	ADJ
iiclr-17591	2328	34	action	action	NOUN
iiclr-17591	2328	35	should	should	AUX
iiclr-17591	2328	36	not	not	PART
iiclr-17591	2328	37	be	be	AUX
iiclr-17591	2328	38	required	require	VERB
iiclr-17591	2328	39	,	,	PUNCT
iiclr-17591	2328	40	since	since	SCONJ
iiclr-17591	2328	41	,	,	PUNCT
iiclr-17591	2328	42	as	as	SCONJ
iiclr-17591	2328	43	the	the	DET
iiclr-17591	2328	44	accompanying	accompanying	ADJ
iiclr-17591	2328	45	commeni	commeni	NOUN
iiclr-17591	2328	46	points	point	VERB
iiclr-17591	2328	47	out	out	ADP
iiclr-17591	2328	48	(	(	PUNCT
iiclr-17591	2328	49	i	i	PRON
iiclr-17591	2328	50	d.	d.	PROPN
iiclr-17591	2328	51	at	at	ADP
iiclr-17591	2328	52	h	h	PROPN
iiclr-17591	2328	53	)	)	PUNCT
iiclr-17591	2328	54	,	,	PUNCT
iiclr-17591	2328	55	"	"	PUNCT
iiclr-17591	2328	56	informed	inform	VERB
iiclr-17591	2328	57	collective	collective	ADJ
iiclr-17591	2328	58	shareholder	shareholder	NOUN
iiclr-17591	2328	59	consideration	consideration	NOUN
iiclr-17591	2328	60	of	of	ADP
iiclr-17591	2328	61	proposed	propose	VERB
iiclr-17591	2328	62	litigation	litigation	NOUN
iiclr-17591	2328	63	is	be	AUX
iiclr-17591	2328	64	not	not	PART
iiclr-17591	2328	65	feasible	feasible	ADJ
iiclr-17591	2328	66	[	[	X
iiclr-17591	2328	67	because	because	SCONJ
iiclr-17591	2328	68	,	,	PUNCT
iiclr-17591	2328	69	as	as	ADP
iiclr-17591	2328	70	a	a	DET
iiclr-17591	2328	71	body	body	NOUN
iiclr-17591	2328	72	]	]	PUNCT
iiclr-17591	2328	73	the	the	DET
iiclr-17591	2328	74	shareholders	shareholder	NOUN
iiclr-17591	2328	75	can	can	AUX
iiclr-17591	2328	76	not	not	PART
iiclr-17591	2328	77	realistically	realistically	ADV
iiclr-17591	2328	78	discuss	discuss	VERB
iiclr-17591	2328	79	and	and	CCONJ
iiclr-17591	2328	80	evaluate	evaluate	VERB
iiclr-17591	2328	81	the	the	DET
iiclr-17591	2328	82	often	often	ADV
iiclr-17591	2328	83	complex	complex	ADJ
iiclr-17591	2328	84	factual	factual	ADJ
iiclr-17591	2328	85	and	and	CCONJ
iiclr-17591	2328	86	legal	legal	ADJ
iiclr-17591	2328	87	issues	issue	NOUN
iiclr-17591	2328	88	raised	raise	VERB
iiclr-17591	2328	89	by	by	ADP
iiclr-17591	2328	90	derivative	derivative	ADJ
iiclr-17591	2328	91	actions	action	NOUN
iiclr-17591	2328	92	.	.	PUNCT
iiclr-17591	2328	93	"	"	PUNCT
iiclr-17591	2329	1	on	on	ADP
iiclr-17591	2329	2	the	the	DET
iiclr-17591	2329	3	other	other	ADJ
iiclr-17591	2329	4	hand	hand	NOUN
iiclr-17591	2329	5	,	,	PUNCT
iiclr-17591	2329	6	under	under	ADP
iiclr-17591	2329	7	§	§	PROPN
iiclr-17591	2329	8	7.11	7.11	NUM
iiclr-17591	2329	9	"	"	PUNCT
iiclr-17591	2329	10	[	[	X
iiclr-17591	2329	11	t]he	t]he	ADJ
iiclr-17591	2329	12	court	court	NOUN
iiclr-17591	2329	13	should	should	AUX
iiclr-17591	2329	14	dismiss	dismiss	VERB
iiclr-17591	2329	15	a	a	DET
iiclr-17591	2329	16	derivative	derivative	ADJ
iiclr-17591	2329	17	action	action	NOUN
iiclr-17591	2329	18	...	...	PUNCT
iiclr-17591	2329	19	upon	upon	SCONJ
iiclr-17591	2329	20	approval	approval	NOUN
iiclr-17591	2329	21	by	by	ADP
iiclr-17591	2329	22	the	the	DET
iiclr-17591	2329	23	shareholders	shareholder	NOUN
iiclr-17591	2329	24	of	of	ADP
iiclr-17591	2329	25	a	a	DET
iiclr-17591	2329	26	resolution	resolution	NOUN
iiclr-17591	2329	27	requesting	request	VERB
iiclr-17591	2329	28	dismissal	dismissal	NOUN
iiclr-17591	2329	29	of	of	ADP
iiclr-17591	2329	30	the	the	DET
iiclr-17591	2329	31	action	action	NOUN
iiclr-17591	2329	32	as	as	ADP
iiclr-17591	2329	33	in	in	ADP
iiclr-17591	2329	34	the	the	DET
iiclr-17591	2329	35	best	good	ADJ
iiclr-17591	2329	36	interests	interest	NOUN
iiclr-17591	2329	37	of	of	ADP
iiclr-17591	2329	38	the	the	DET
iiclr-17591	2329	39	corporation	corporation	NOUN
iiclr-17591	2329	40	,	,	PUNCT
iiclr-17591	2329	41	"	"	PUNCT
iiclr-17591	2329	42	provided	provide	VERB
iiclr-17591	2329	43	that	that	SCONJ
iiclr-17591	2329	44	certain	certain	ADJ
iiclr-17591	2329	45	conditions	condition	NOUN
iiclr-17591	2329	46	are	be	AUX
iiclr-17591	2329	47	met	meet	VERB
iiclr-17591	2329	48	(	(	PUNCT
iiclr-17591	2329	49	full	full	ADJ
iiclr-17591	2329	50	disclosure	disclosure	NOUN
iiclr-17591	2329	51	,	,	PUNCT
iiclr-17591	2329	52	approval	approval	NOUN
iiclr-17591	2329	53	by	by	ADP
iiclr-17591	2329	54	disinterested	disinterested	ADJ
iiclr-17591	2329	55	shareholders	shareholder	NOUN
iiclr-17591	2329	56	,	,	PUNCT
iiclr-17591	2329	57	and	and	CCONJ
iiclr-17591	2329	58	dismissal	dismissal	VERB
iiclr-17591	2329	59	not	not	PART
iiclr-17591	2329	60	a	a	DET
iiclr-17591	2329	61	waste	waste	NOUN
iiclr-17591	2329	62	of	of	ADP
iiclr-17591	2329	63	corporate	corporate	ADJ
iiclr-17591	2329	64	assets	asset	NOUN
iiclr-17591	2329	65	)	)	PUNCT
iiclr-17591	2329	66	.	.	PUNCT
iiclr-17591	2330	1	dismissal	dismissal	NOUN
iiclr-17591	2330	2	upon	upon	SCONJ
iiclr-17591	2330	3	request	request	NOUN
iiclr-17591	2330	4	of	of	ADP
iiclr-17591	2330	5	a	a	DET
iiclr-17591	2330	6	majority	majority	NOUN
iiclr-17591	2330	7	of	of	ADP
iiclr-17591	2330	8	shareholders	shareholder	NOUN
iiclr-17591	2330	9	is	be	AUX
iiclr-17591	2330	10	considered	consider	VERB
iiclr-17591	2330	11	a	a	DET
iiclr-17591	2330	12	bad	bad	ADJ
iiclr-17591	2330	13	solution	solution	NOUN
iiclr-17591	2330	14	by	by	ADP
iiclr-17591	2330	15	clark	clark	PROPN
iiclr-17591	2330	16	,	,	PUNCT
iiclr-17591	2330	17	supra	supra	PROPN
iiclr-17591	2330	18	,	,	PUNCT
iiclr-17591	2330	19	at	at	ADP
iiclr-17591	2330	20	650	650	NUM
iiclr-17591	2330	21	,	,	PUNCT
iiclr-17591	2330	22	which	which	PRON
iiclr-17591	2330	23	stresses	stress	VERB
iiclr-17591	2330	24	that	that	SCONJ
iiclr-17591	2330	25	"	"	PUNCT
iiclr-17591	2330	26	this	this	DET
iiclr-17591	2330	27	majority	majority	NOUN
iiclr-17591	2330	28	vote	vote	NOUN
iiclr-17591	2330	29	would	would	AUX
iiclr-17591	2330	30	always	always	ADV
iiclr-17591	2330	31	be	be	AUX
iiclr-17591	2330	32	solicited	solicit	VERB
iiclr-17591	2330	33	by	by	ADP
iiclr-17591	2330	34	the	the	DET
iiclr-17591	2330	35	alleged	allege	VERB
iiclr-17591	2330	36	wrongdoers	wrongdoer	NOUN
iiclr-17591	2330	37	,	,	PUNCT
iiclr-17591	2330	38	who	who	PRON
iiclr-17591	2330	39	would	would	AUX
iiclr-17591	2330	40	do	do	VERB
iiclr-17591	2330	41	so	so	ADV
iiclr-17591	2330	42	at	at	ADP
iiclr-17591	2330	43	corporate	corporate	ADJ
iiclr-17591	2330	44	expense	expense	NOUN
iiclr-17591	2330	45	,	,	PUNCT
iiclr-17591	2330	46	using	use	VERB
iiclr-17591	2330	47	their	their	PRON
iiclr-17591	2330	48	control	control	NOUN
iiclr-17591	2330	49	of	of	ADP
iiclr-17591	2330	50	the	the	DET
iiclr-17591	2330	51	proxy	proxy	ADJ
iiclr-17591	2330	52	machinery	machinery	NOUN
iiclr-17591	2330	53	.	.	PUNCT
iiclr-17591	2330	54	"	"	PUNCT
iiclr-17591	2331	1	under	under	ADP
iiclr-17591	2331	2	both	both	DET
iiclr-17591	2331	3	standards	standard	NOUN
iiclr-17591	2331	4	,	,	PUNCT
iiclr-17591	2331	5	concentrated	concentrated	ADJ
iiclr-17591	2331	6	ownership	ownership	NOUN
iiclr-17591	2331	7	structure	structure	NOUN
iiclr-17591	2331	8	and	and	CCONJ
iiclr-17591	2331	9	strong	strong	ADJ
iiclr-17591	2331	10	ties	tie	NOUN
iiclr-17591	2331	11	between	between	ADP
iiclr-17591	2331	12	directors	director	NOUN
iiclr-17591	2331	13	and	and	CCONJ
iiclr-17591	2331	14	majority	majority	NOUN
iiclr-17591	2331	15	shareholders	shareholder	NOUN
iiclr-17591	2331	16	,	,	PUNCT
iiclr-17591	2331	17	two	two	NUM
iiclr-17591	2331	18	features	feature	NOUN
iiclr-17591	2331	19	that	that	PRON
iiclr-17591	2331	20	are	be	AUX
iiclr-17591	2331	21	typical	typical	ADJ
iiclr-17591	2331	22	of	of	ADP
iiclr-17591	2331	23	italian	italian	ADJ
iiclr-17591	2331	24	companies	company	NOUN
iiclr-17591	2331	25	,	,	PUNCT
iiclr-17591	2331	26	are	be	AUX
iiclr-17591	2331	27	considered	consider	VERB
iiclr-17591	2331	28	factors	factor	NOUN
iiclr-17591	2331	29	that	that	PRON
iiclr-17591	2331	30	reduce	reduce	VERB
iiclr-17591	2331	31	or	or	CCONJ
iiclr-17591	2331	32	nullify	nullify	VERB
iiclr-17591	2331	33	the	the	DET
iiclr-17591	2331	34	meaning	meaning	NOUN
iiclr-17591	2331	35	of	of	ADP
iiclr-17591	2331	36	a	a	DET
iiclr-17591	2331	37	shareholder	shareholder	NOUN
iiclr-17591	2331	38	vote	vote	NOUN
iiclr-17591	2331	39	.	.	PUNCT
iiclr-17591	2332	1	278	278	NUM
iiclr-17591	2332	2	.	.	PUNCT
iiclr-17591	2333	1	c.c	c.c	PROPN
iiclr-17591	2333	2	.	.	PROPN
iiclr-17591	2333	3	art	art	PROPN
iiclr-17591	2333	4	.	.	PUNCT
iiclr-17591	2334	1	2409	2409	NUM
iiclr-17591	2334	2	(	(	PUNCT
iiclr-17591	2334	3	italy	italy	PROPN
iiclr-17591	2334	4	)	)	PUNCT
iiclr-17591	2334	5	provides	provide	VERB
iiclr-17591	2334	6	minority	minority	NOUN
iiclr-17591	2334	7	shareholders	shareholder	NOUN
iiclr-17591	2334	8	with	with	ADP
iiclr-17591	2334	9	a	a	DET
iiclr-17591	2334	10	powerful	powerful	ADJ
iiclr-17591	2334	11	remedy	remedy	NOUN
iiclr-17591	2334	12	,	,	PUNCT
iiclr-17591	2334	13	but	but	CCONJ
iiclr-17591	2334	14	not	not	PART
iiclr-17591	2334	15	with	with	ADP
iiclr-17591	2334	16	a	a	DET
iiclr-17591	2334	17	perfect	perfect	ADJ
iiclr-17591	2334	18	substitute	substitute	NOUN
iiclr-17591	2334	19	for	for	ADP
iiclr-17591	2334	20	derivative	derivative	ADJ
iiclr-17591	2334	21	suits	suit	NOUN
iiclr-17591	2334	22	.	.	PUNCT
iiclr-17591	2335	1	this	this	DET
iiclr-17591	2335	2	provision	provision	NOUN
iiclr-17591	2335	3	,	,	PUNCT
iiclr-17591	2335	4	as	as	SCONJ
iiclr-17591	2335	5	we	we	PRON
iiclr-17591	2335	6	have	have	AUX
iiclr-17591	2335	7	seen	see	VERB
iiclr-17591	2335	8	supra	supra	ADJ
iiclr-17591	2335	9	parts	part	NOUN
iiclr-17591	2335	10	di.c.2(b	di.c.2(b	NOUN
iiclr-17591	2335	11	)	)	PUNCT
iiclr-17591	2335	12	and	and	CCONJ
iiclr-17591	2335	13	v.a	v.a	PROPN
iiclr-17591	2335	14	,	,	PUNCT
iiclr-17591	2335	15	bestows	bestow	VERB
iiclr-17591	2335	16	upon	upon	SCONJ
iiclr-17591	2335	17	the	the	DET
iiclr-17591	2335	18	temporary	temporary	ADJ
iiclr-17591	2335	19	administrator	administrator	NOUN
iiclr-17591	2335	20	appointed	appoint	VERB
iiclr-17591	2335	21	by	by	ADP
iiclr-17591	2335	22	the	the	DET
iiclr-17591	2335	23	court	court	NOUN
iiclr-17591	2335	24	the	the	DET
iiclr-17591	2335	25	power	power	NOUN
iiclr-17591	2335	26	to	to	PART
iiclr-17591	2335	27	bring	bring	VERB
iiclr-17591	2335	28	a	a	DET
iiclr-17591	2335	29	liability	liability	NOUN
iiclr-17591	2335	30	action	action	NOUN
iiclr-17591	2335	31	against	against	ADP
iiclr-17591	2335	32	directors	director	NOUN
iiclr-17591	2335	33	.	.	PUNCT
iiclr-17591	2336	1	while	while	SCONJ
iiclr-17591	2336	2	requests	request	NOUN
iiclr-17591	2336	3	for	for	ADP
iiclr-17591	2336	4	inspections	inspection	NOUN
iiclr-17591	2336	5	under	under	ADP
iiclr-17591	2336	6	c.c	c.c	PROPN
iiclr-17591	2336	7	.	.	PROPN
iiclr-17591	2336	8	art	art	PROPN
iiclr-17591	2336	9	.	.	PUNCT
iiclr-17591	2337	1	2409	2409	NUM
iiclr-17591	2337	2	(	(	PUNCT
iiclr-17591	2337	3	italy	italy	PROPN
iiclr-17591	2337	4	)	)	PUNCT
iiclr-17591	2337	5	are	be	AUX
iiclr-17591	2337	6	extremely	extremely	ADV
iiclr-17591	2337	7	frequent	frequent	ADJ
iiclr-17591	2337	8	,	,	PUNCT
iiclr-17591	2337	9	liability	liability	NOUN
iiclr-17591	2337	10	actions	action	NOUN
iiclr-17591	2337	11	brought	bring	VERB
iiclr-17591	2337	12	by	by	ADP
iiclr-17591	2337	13	temporary	temporary	ADJ
iiclr-17591	2337	14	administrators	administrator	NOUN
iiclr-17591	2337	15	are	be	AUX
iiclr-17591	2337	16	not	not	PART
iiclr-17591	2337	17	(	(	PUNCT
iiclr-17591	2337	18	supra	supra	PROPN
iiclr-17591	2337	19	note	note	NOUN
iiclr-17591	2337	20	263	263	NUM
iiclr-17591	2337	21	)	)	PUNCT
iiclr-17591	2337	22	.	.	PUNCT
iiclr-17591	2338	1	several	several	ADJ
iiclr-17591	2338	2	explanations	explanation	NOUN
iiclr-17591	2338	3	for	for	ADP
iiclr-17591	2338	4	this	this	DET
iiclr-17591	2338	5	phenomenon	phenomenon	NOUN
iiclr-17591	2338	6	are	be	AUX
iiclr-17591	2338	7	possible	possible	ADJ
iiclr-17591	2338	8	:	:	PUNCT
iiclr-17591	2338	9	(	(	PUNCT
iiclr-17591	2338	10	a	a	X
iiclr-17591	2338	11	)	)	PUNCT
iiclr-17591	2338	12	c.c	c.c	PROPN
iiclr-17591	2338	13	.	.	PROPN
iiclr-17591	2338	14	art	art	PROPN
iiclr-17591	2338	15	.	.	PUNCT
iiclr-17591	2339	1	2409	2409	NUM
iiclr-17591	2339	2	(	(	PUNCT
iiclr-17591	2339	3	italy	italy	PROPN
iiclr-17591	2339	4	)	)	PUNCT
iiclr-17591	2339	5	provides	provide	VERB
iiclr-17591	2339	6	for	for	ADP
iiclr-17591	2339	7	a	a	DET
iiclr-17591	2339	8	summary	summary	NOUN
iiclr-17591	2339	9	evidentiary	evidentiary	NOUN
iiclr-17591	2339	10	procedure	procedure	NOUN
iiclr-17591	2339	11	and	and	CCONJ
iiclr-17591	2339	12	not	not	PART
iiclr-17591	2339	13	for	for	ADP
iiclr-17591	2339	14	a	a	DET
iiclr-17591	2339	15	full	full	ADJ
iiclr-17591	2339	16	-	-	PUNCT
iiclr-17591	2339	17	scale	scale	NOUN
iiclr-17591	2339	18	one	one	NUM
iiclr-17591	2339	19	,	,	PUNCT
iiclr-17591	2339	20	and	and	CCONJ
iiclr-17591	2339	21	therefore	therefore	ADV
iiclr-17591	2339	22	is	be	AUX
iiclr-17591	2339	23	more	more	ADV
iiclr-17591	2339	24	suitable	suitable	ADJ
iiclr-17591	2339	25	for	for	ADP
iiclr-17591	2339	26	use	use	NOUN
iiclr-17591	2339	27	in	in	ADP
iiclr-17591	2339	28	cases	case	NOUN
iiclr-17591	2339	29	of	of	ADP
iiclr-17591	2339	30	multiple	multiple	ADJ
iiclr-17591	2339	31	violations	violation	NOUN
iiclr-17591	2339	32	by	by	ADP
iiclr-17591	2339	33	directors	director	NOUN
iiclr-17591	2339	34	and	and	CCONJ
iiclr-17591	2339	35	systematic	systematic	ADJ
iiclr-17591	2339	36	oppression	oppression	NOUN
iiclr-17591	2339	37	of	of	ADP
iiclr-17591	2339	38	the	the	DET
iiclr-17591	2339	39	minority	minority	NOUN
iiclr-17591	2339	40	,	,	PUNCT
iiclr-17591	2339	41	which	which	PRON
iiclr-17591	2339	42	are	be	AUX
iiclr-17591	2339	43	only	only	ADV
iiclr-17591	2339	44	a	a	DET
iiclr-17591	2339	45	part	part	NOUN
iiclr-17591	2339	46	of	of	ADP
iiclr-17591	2339	47	the	the	DET
iiclr-17591	2339	48	possible	possible	ADJ
iiclr-17591	2339	49	violations	violation	NOUN
iiclr-17591	2339	50	of	of	ADP
iiclr-17591	2339	51	their	their	PRON
iiclr-17591	2339	52	duties	duty	NOUN
iiclr-17591	2339	53	by	by	ADP
iiclr-17591	2339	54	the	the	DET
iiclr-17591	2339	55	directors	director	NOUN
iiclr-17591	2339	56	;	;	PUNCT
iiclr-17591	2339	57	(	(	PUNCT
iiclr-17591	2339	58	b	b	X
iiclr-17591	2339	59	)	)	PUNCT
iiclr-17591	2339	60	c.c	c.c	PROPN
iiclr-17591	2339	61	.	.	PROPN
iiclr-17591	2339	62	art	art	PROPN
iiclr-17591	2339	63	.	.	PUNCT
iiclr-17591	2340	1	2409	2409	NUM
iiclr-17591	2340	2	(	(	PUNCT
iiclr-17591	2340	3	italy	italy	PROPN
iiclr-17591	2340	4	)	)	PUNCT
iiclr-17591	2340	5	provides	provide	VERB
iiclr-17591	2340	6	for	for	ADP
iiclr-17591	2340	7	powerful	powerful	ADJ
iiclr-17591	2340	8	injunctive	injunctive	ADJ
iiclr-17591	2340	9	intervention	intervention	NOUN
iiclr-17591	2340	10	,	,	PUNCT
iiclr-17591	2340	11	but	but	CCONJ
iiclr-17591	2340	12	it	it	PRON
iiclr-17591	2340	13	-	-	PUNCT
iiclr-17591	2340	14	is	be	AUX
iiclr-17591	2340	15	ill	ill	ADV
iiclr-17591	2340	16	-	-	PUNCT
iiclr-17591	2340	17	suited	suited	ADJ
iiclr-17591	2340	18	to	to	PART
iiclr-17591	2340	19	grant	grant	VERB
iiclr-17591	2340	20	relief	relief	NOUN
iiclr-17591	2340	21	against	against	ADP
iiclr-17591	2340	22	isolated	isolated	ADJ
iiclr-17591	2340	23	acts	act	NOUN
iiclr-17591	2340	24	by	by	ADP
iiclr-17591	2340	25	directors	director	NOUN
iiclr-17591	2340	26	,	,	PUNCT
iiclr-17591	2340	27	acts	act	VERB
iiclr-17591	2340	28	whose	whose	DET
iiclr-17591	2340	29	effects	effect	NOUN
iiclr-17591	2340	30	have	have	AUX
iiclr-17591	2340	31	already	already	ADV
iiclr-17591	2340	32	been	be	AUX
iiclr-17591	2340	33	consummated	consummate	VERB
iiclr-17591	2340	34	.	.	PUNCT
iiclr-17591	2341	1	(	(	PUNCT
iiclr-17591	2341	2	see	see	VERB
iiclr-17591	2341	3	e.g.	e.g.	ADV
iiclr-17591	2341	4	,	,	PUNCT
iiclr-17591	2341	5	decree	decree	NOUN
iiclr-17591	2341	6	of	of	ADP
iiclr-17591	2341	7	oct	oct	PROPN
iiclr-17591	2341	8	.	.	PROPN
iiclr-17591	2341	9	10	10	NUM
iiclr-17591	2341	10	,	,	PUNCT
iiclr-17591	2341	11	1985	1985	NUM
iiclr-17591	2341	12	,	,	PUNCT
iiclr-17591	2341	13	tribunal	tribunal	NOUN
iiclr-17591	2341	14	of	of	ADP
iiclr-17591	2341	15	milan	milan	PROPN
iiclr-17591	2341	16	,	,	PUNCT
iiclr-17591	2341	17	1986	1986	NUM
iiclr-17591	2341	18	giurisprudenza	giurisprudenza	PROPN
iiclr-17591	2341	19	commerciale	commerciale	PROPN
iiclr-17591	2341	20	ii	ii	PROPN
iiclr-17591	2341	21	,	,	PUNCT
iiclr-17591	2341	22	459	459	NUM
iiclr-17591	2341	23	:	:	SYM
iiclr-17591	2341	24	1995	1995	NUM
iiclr-17591	2341	25	]	]	X
iiclr-17591	2341	26	ind	ind	NOUN
iiclr-17591	2341	27	.	.	PUNCT
iiclr-17591	2342	1	int'l	int'l	PROPN
iiclr-17591	2342	2	&	&	CCONJ
iiclr-17591	2342	3	comp	comp	PROPN
iiclr-17591	2342	4	.	.	PUNCT
iiclr-17591	2343	1	l	l	PROPN
iiclr-17591	2343	2	rev	rev	VERB
iiclr-17591	2343	3	.	.	PROPN
iiclr-17591	2343	4	facto	facto	X
iiclr-17591	2343	5	"	"	PUNCT
iiclr-17591	2343	6	emasculation	emasculation	NOUN
iiclr-17591	2343	7	"	"	PUNCT
iiclr-17591	2343	8	of	of	ADP
iiclr-17591	2343	9	minority	minority	NOUN
iiclr-17591	2343	10	shareholders	shareholder	NOUN
iiclr-17591	2343	11	as	as	ADP
iiclr-17591	2343	12	corporate	corporate	ADJ
iiclr-17591	2343	13	monitors	monitor	NOUN
iiclr-17591	2343	14	,	,	PUNCT
iiclr-17591	2343	15	we	we	PRON
iiclr-17591	2343	16	must	must	AUX
iiclr-17591	2343	17	inquire	inquire	VERB
iiclr-17591	2343	18	if	if	SCONJ
iiclr-17591	2343	19	the	the	DET
iiclr-17591	2343	20	incentives	incentive	NOUN
iiclr-17591	2343	21	for	for	ADP
iiclr-17591	2343	22	directors	director	NOUN
iiclr-17591	2343	23	of	of	ADP
iiclr-17591	2343	24	italian	italian	ADJ
iiclr-17591	2343	25	companies	company	NOUN
iiclr-17591	2343	26	to	to	PART
iiclr-17591	2343	27	perform	perform	VERB
iiclr-17591	2343	28	well	well	ADV
iiclr-17591	2343	29	are	be	AUX
iiclr-17591	2343	30	adequate	adequate	ADJ
iiclr-17591	2343	31	.	.	PUNCT
iiclr-17591	2344	1	the	the	DET
iiclr-17591	2344	2	answer	answer	NOUN
iiclr-17591	2344	3	is	be	AUX
iiclr-17591	2344	4	:	:	PUNCT
iiclr-17591	2344	5	their	their	PRON
iiclr-17591	2344	6	incentives	incentive	NOUN
iiclr-17591	2344	7	are	be	AUX
iiclr-17591	2344	8	strong	strong	ADJ
iiclr-17591	2344	9	,	,	PUNCT
iiclr-17591	2344	10	yet	yet	ADV
iiclr-17591	2344	11	not	not	PART
iiclr-17591	2344	12	sufficiently	sufficiently	ADV
iiclr-17591	2344	13	balanced	balanced	ADJ
iiclr-17591	2344	14	.	.	PUNCT
iiclr-17591	2345	1	let	let	VERB
iiclr-17591	2345	2	us	we	PRON
iiclr-17591	2345	3	subdivide	subdivide	VERB
iiclr-17591	2345	4	the	the	DET
iiclr-17591	2345	5	directors	director	NOUN
iiclr-17591	2345	6	'	'	PART
iiclr-17591	2345	7	duties	duty	NOUN
iiclr-17591	2345	8	in	in	ADP
iiclr-17591	2345	9	the	the	DET
iiclr-17591	2345	10	two	two	NUM
iiclr-17591	2345	11	classical	classical	ADJ
iiclr-17591	2345	12	categories	category	NOUN
iiclr-17591	2345	13	of	of	ADP
iiclr-17591	2345	14	duty	duty	NOUN
iiclr-17591	2345	15	of	of	ADP
iiclr-17591	2345	16	care	care	NOUN
iiclr-17591	2345	17	and	and	CCONJ
iiclr-17591	2345	18	duty	duty	NOUN
iiclr-17591	2345	19	of	of	ADP
iiclr-17591	2345	20	loyalty	loyalty	NOUN
iiclr-17591	2345	21	.	.	PUNCT
iiclr-17591	2346	1	in	in	ADP
iiclr-17591	2346	2	a	a	DET
iiclr-17591	2346	3	concentrated	concentrated	ADJ
iiclr-17591	2346	4	ownership	ownership	NOUN
iiclr-17591	2346	5	setting	set	VERB
iiclr-17591	2346	6	we	we	PRON
iiclr-17591	2346	7	are	be	AUX
iiclr-17591	2346	8	likely	likely	ADJ
iiclr-17591	2346	9	to	to	PART
iiclr-17591	2346	10	observe	observe	VERB
iiclr-17591	2346	11	strong	strong	ADJ
iiclr-17591	2346	12	spontaneous	spontaneous	ADJ
iiclr-17591	2346	13	observance	observance	NOUN
iiclr-17591	2346	14	of	of	ADP
iiclr-17591	2346	15	the	the	DET
iiclr-17591	2346	16	duty	duty	NOUN
iiclr-17591	2346	17	of	of	ADP
iiclr-17591	2346	18	care	care	NOUN
iiclr-17591	2346	19	by	by	ADP
iiclr-17591	2346	20	directors	director	NOUN
iiclr-17591	2346	21	,	,	PUNCT
iiclr-17591	2346	22	the	the	DET
iiclr-17591	2346	23	costs	cost	NOUN
iiclr-17591	2346	24	of	of	ADP
iiclr-17591	2346	25	whose	whose	DET
iiclr-17591	2346	26	mistakes	mistake	NOUN
iiclr-17591	2346	27	are	be	AUX
iiclr-17591	2346	28	borne	bear	VERB
iiclr-17591	2346	29	by	by	ADP
iiclr-17591	2346	30	shareholders	shareholder	NOUN
iiclr-17591	2346	31	in	in	ADP
iiclr-17591	2346	32	proportion	proportion	NOUN
iiclr-17591	2346	33	to	to	ADP
iiclr-17591	2346	34	their	their	PRON
iiclr-17591	2346	35	holdings	holding	NOUN
iiclr-17591	2346	36	.	.	PUNCT
iiclr-17591	2347	1	in	in	ADP
iiclr-17591	2347	2	such	such	DET
iiclr-17591	2347	3	a	a	DET
iiclr-17591	2347	4	setting	setting	NOUN
iiclr-17591	2347	5	,	,	PUNCT
iiclr-17591	2347	6	however	however	ADV
iiclr-17591	2347	7	,	,	PUNCT
iiclr-17591	2347	8	we	we	PRON
iiclr-17591	2347	9	are	be	AUX
iiclr-17591	2347	10	not	not	PART
iiclr-17591	2347	11	necessarily	necessarily	ADV
iiclr-17591	2347	12	likely	likely	ADJ
iiclr-17591	2347	13	to	to	PART
iiclr-17591	2347	14	observe	observe	VERB
iiclr-17591	2347	15	spontaneous	spontaneous	ADJ
iiclr-17591	2347	16	compliance	compliance	NOUN
iiclr-17591	2347	17	with	with	ADP
iiclr-17591	2347	18	the	the	DET
iiclr-17591	2347	19	duty	duty	NOUN
iiclr-17591	2347	20	of	of	ADP
iiclr-17591	2347	21	loyalty	loyalty	NOUN
iiclr-17591	2347	22	,	,	PUNCT
iiclr-17591	2347	23	as	as	ADP
iiclr-17591	2347	24	,	,	PUNCT
iiclr-17591	2347	25	while	while	SCONJ
iiclr-17591	2347	26	the	the	DET
iiclr-17591	2347	27	costs	cost	NOUN
iiclr-17591	2347	28	of	of	ADP
iiclr-17591	2347	29	its	its	PRON
iiclr-17591	2347	30	violation	violation	NOUN
iiclr-17591	2347	31	are	be	AUX
iiclr-17591	2347	32	borne	bear	VERB
iiclr-17591	2347	33	by	by	ADP
iiclr-17591	2347	34	all	all	DET
iiclr-17591	2347	35	shareholders	shareholder	NOUN
iiclr-17591	2347	36	,	,	PUNCT
iiclr-17591	2347	37	the	the	DET
iiclr-17591	2347	38	resulting	result	VERB
iiclr-17591	2347	39	benefits	benefit	NOUN
iiclr-17591	2347	40	are	be	AUX
iiclr-17591	2347	41	entirely	entirely	ADV
iiclr-17591	2347	42	appropriated	appropriate	VERB
iiclr-17591	2347	43	by	by	ADP
iiclr-17591	2347	44	the	the	DET
iiclr-17591	2347	45	violators.279	violators.279	NOUN
iiclr-17591	2347	46	minority	minority	NOUN
iiclr-17591	2347	47	shareholders	shareholder	NOUN
iiclr-17591	2347	48	claimed	claim	VERB
iiclr-17591	2347	49	the	the	DET
iiclr-17591	2347	50	existence	existence	NOUN
iiclr-17591	2347	51	of	of	ADP
iiclr-17591	2347	52	a	a	DET
iiclr-17591	2347	53	typical	typical	ADJ
iiclr-17591	2347	54	squeeze	squeeze	NOUN
iiclr-17591	2347	55	-	-	PUNCT
iiclr-17591	2347	56	out	out	ADP
iiclr-17591	2347	57	pattern	pattern	NOUN
iiclr-17591	2347	58	by	by	ADP
iiclr-17591	2347	59	the	the	DET
iiclr-17591	2347	60	parent	parent	NOUN
iiclr-17591	2347	61	company	company	NOUN
iiclr-17591	2347	62	and	and	CCONJ
iiclr-17591	2347	63	of	of	ADP
iiclr-17591	2347	64	various	various	ADJ
iiclr-17591	2347	65	formal	formal	ADJ
iiclr-17591	2347	66	irregularities	irregularity	NOUN
iiclr-17591	2347	67	.	.	PUNCT
iiclr-17591	2348	1	the	the	DET
iiclr-17591	2348	2	parent	parent	NOUN
iiclr-17591	2348	3	company	company	NOUN
iiclr-17591	2348	4	allegedly	allegedly	ADV
iiclr-17591	2348	5	overcharged	overcharge	VERB
iiclr-17591	2348	6	the	the	DET
iiclr-17591	2348	7	subsidiary	subsidiary	NOUN
iiclr-17591	2348	8	's	's	PART
iiclr-17591	2348	9	products	product	NOUN
iiclr-17591	2348	10	it	it	PRON
iiclr-17591	2348	11	sold	sell	VERB
iiclr-17591	2348	12	on	on	ADP
iiclr-17591	2348	13	foreign	foreign	ADJ
iiclr-17591	2348	14	markets	market	NOUN
iiclr-17591	2348	15	,	,	PUNCT
iiclr-17591	2348	16	pocketing	pocket	VERB
iiclr-17591	2348	17	the	the	DET
iiclr-17591	2348	18	spread	spread	NOUN
iiclr-17591	2348	19	.	.	PUNCT
iiclr-17591	2349	1	the	the	DET
iiclr-17591	2349	2	court	court	NOUN
iiclr-17591	2349	3	rejected	reject	VERB
iiclr-17591	2349	4	the	the	DET
iiclr-17591	2349	5	request	request	NOUN
iiclr-17591	2349	6	for	for	ADP
iiclr-17591	2349	7	inspection	inspection	NOUN
iiclr-17591	2349	8	,	,	PUNCT
iiclr-17591	2349	9	inter	inter	PROPN
iiclr-17591	2349	10	alia	alia	NOUN
iiclr-17591	2349	11	,	,	PUNCT
iiclr-17591	2349	12	because	because	SCONJ
iiclr-17591	2349	13	:	:	PUNCT
iiclr-17591	2349	14	(	(	PUNCT
iiclr-17591	2349	15	a	a	X
iiclr-17591	2349	16	)	)	PUNCT
iiclr-17591	2349	17	there	there	PRON
iiclr-17591	2349	18	was	be	VERB
iiclr-17591	2349	19	no	no	DET
iiclr-17591	2349	20	evidence	evidence	NOUN
iiclr-17591	2349	21	of	of	ADP
iiclr-17591	2349	22	the	the	DET
iiclr-17591	2349	23	denounced	denounce	VERB
iiclr-17591	2349	24	facts	fact	NOUN
iiclr-17591	2349	25	,	,	PUNCT
iiclr-17591	2349	26	and	and	CCONJ
iiclr-17591	2349	27	(	(	PUNCT
iiclr-17591	2349	28	b	b	X
iiclr-17591	2349	29	)	)	PUNCT
iiclr-17591	2349	30	the	the	DET
iiclr-17591	2349	31	formal	formal	ADJ
iiclr-17591	2349	32	irregularities	irregularity	NOUN
iiclr-17591	2349	33	had	have	AUX
iiclr-17591	2349	34	been	be	AUX
iiclr-17591	2349	35	later	later	ADV
iiclr-17591	2349	36	rectified	rectify	VERB
iiclr-17591	2349	37	.	.	PUNCT
iiclr-17591	2350	1	a	a	DET
iiclr-17591	2350	2	full	full	ADJ
iiclr-17591	2350	3	-	-	PUNCT
iiclr-17591	2350	4	scale	scale	NOUN
iiclr-17591	2350	5	evidentiary	evidentiary	NOUN
iiclr-17591	2350	6	proceeding	proceeding	NOUN
iiclr-17591	2350	7	probably	probably	ADV
iiclr-17591	2350	8	would	would	AUX
iiclr-17591	2350	9	have	have	AUX
iiclr-17591	2350	10	shown	show	VERB
iiclr-17591	2350	11	whether	whether	SCONJ
iiclr-17591	2350	12	the	the	DET
iiclr-17591	2350	13	alleged	allege	VERB
iiclr-17591	2350	14	squeeze	squeeze	NOUN
iiclr-17591	2350	15	-	-	PUNCT
iiclr-17591	2350	16	out	out	NOUN
iiclr-17591	2350	17	was	be	AUX
iiclr-17591	2350	18	actually	actually	ADV
iiclr-17591	2350	19	going	go	VERB
iiclr-17591	2350	20	on	on	ADP
iiclr-17591	2350	21	or	or	CCONJ
iiclr-17591	2350	22	not	not	PART
iiclr-17591	2350	23	)	)	PUNCT
iiclr-17591	2350	24	.	.	PUNCT
iiclr-17591	2351	1	279	279	NUM
iiclr-17591	2351	2	.	.	PUNCT
iiclr-17591	2352	1	in	in	ADP
iiclr-17591	2352	2	many	many	ADJ
iiclr-17591	2352	3	respects	respect	NOUN
iiclr-17591	2352	4	this	this	PRON
iiclr-17591	2352	5	is	be	AUX
iiclr-17591	2352	6	the	the	DET
iiclr-17591	2352	7	analytical	analytical	ADJ
iiclr-17591	2352	8	framework	framework	NOUN
iiclr-17591	2352	9	developed	develop	VERB
iiclr-17591	2352	10	in	in	ADP
iiclr-17591	2352	11	the	the	DET
iiclr-17591	2352	12	seminal	seminal	ADJ
iiclr-17591	2352	13	paper	paper	NOUN
iiclr-17591	2352	14	by	by	ADP
iiclr-17591	2352	15	jensen	jensen	PROPN
iiclr-17591	2352	16	&	&	CCONJ
iiclr-17591	2352	17	meckling	meckling	PROPN
iiclr-17591	2352	18	,	,	PUNCT
iiclr-17591	2352	19	supra	supra	PROPN
iiclr-17591	2352	20	note	note	NOUN
iiclr-17591	2352	21	229	229	NUM
iiclr-17591	2352	22	.	.	PUNCT
iiclr-17591	2353	1	however	however	ADV
iiclr-17591	2353	2	,	,	PUNCT
iiclr-17591	2353	3	professors	professor	NOUN
iiclr-17591	2353	4	jensen	jensen	PROPN
iiclr-17591	2353	5	and	and	CCONJ
iiclr-17591	2353	6	meckling	meckling	NOUN
iiclr-17591	2353	7	do	do	AUX
iiclr-17591	2353	8	not	not	PART
iiclr-17591	2353	9	sufficiently	sufficiently	ADV
iiclr-17591	2353	10	stress	stress	VERB
iiclr-17591	2353	11	the	the	DET
iiclr-17591	2353	12	basic	basic	ADJ
iiclr-17591	2353	13	difference	difference	NOUN
iiclr-17591	2353	14	existing	exist	VERB
iiclr-17591	2353	15	between	between	ADP
iiclr-17591	2353	16	violations	violation	NOUN
iiclr-17591	2353	17	of	of	ADP
iiclr-17591	2353	18	duty	duty	NOUN
iiclr-17591	2353	19	of	of	ADP
iiclr-17591	2353	20	care	care	NOUN
iiclr-17591	2353	21	and	and	CCONJ
iiclr-17591	2353	22	violations	violation	NOUN
iiclr-17591	2353	23	of	of	ADP
iiclr-17591	2353	24	duty	duty	NOUN
iiclr-17591	2353	25	of	of	ADP
iiclr-17591	2353	26	loyalty	loyalty	NOUN
iiclr-17591	2353	27	.	.	PUNCT
iiclr-17591	2354	1	their	their	PRON
iiclr-17591	2354	2	paper	paper	NOUN
iiclr-17591	2354	3	focuses	focus	VERB
iiclr-17591	2354	4	on	on	ADP
iiclr-17591	2354	5	agency	agency	NOUN
iiclr-17591	2354	6	costs	cost	NOUN
iiclr-17591	2354	7	"	"	PUNCT
iiclr-17591	2354	8	as	as	ADP
iiclr-17591	2354	9	deriving	derive	VERB
iiclr-17591	2354	10	from	from	ADP
iiclr-17591	2354	11	the	the	DET
iiclr-17591	2354	12	manager	manager	NOUN
iiclr-17591	2354	13	's	's	PART
iiclr-17591	2354	14	tendency	tendency	NOUN
iiclr-17591	2354	15	to	to	PART
iiclr-17591	2354	16	appropriate	appropriate	VERB
iiclr-17591	2354	17	perquisites	perquisite	NOUN
iiclr-17591	2354	18	out	out	ADP
iiclr-17591	2354	19	of	of	ADP
iiclr-17591	2354	20	the	the	DET
iiclr-17591	2354	21	firm	firm	NOUN
iiclr-17591	2354	22	's	's	PART
iiclr-17591	2354	23	resources	resource	NOUN
iiclr-17591	2354	24	for	for	ADP
iiclr-17591	2354	25	his	his	PRON
iiclr-17591	2354	26	own	own	ADJ
iiclr-17591	2354	27	consumption	consumption	NOUN
iiclr-17591	2354	28	,	,	PUNCT
iiclr-17591	2354	29	"	"	PUNCT
iiclr-17591	2354	30	which	which	PRON
iiclr-17591	2354	31	are	be	AUX
iiclr-17591	2354	32	clearly	clearly	ADV
iiclr-17591	2354	33	conceptually	conceptually	ADV
iiclr-17591	2354	34	similar	similar	ADJ
iiclr-17591	2354	35	to	to	ADP
iiclr-17591	2354	36	violations	violation	NOUN
iiclr-17591	2354	37	of	of	ADP
iiclr-17591	2354	38	duty	duty	NOUN
iiclr-17591	2354	39	of	of	ADP
iiclr-17591	2354	40	loyalty	loyalty	NOUN
iiclr-17591	2354	41	;	;	PUNCT
iiclr-17591	2354	42	it	it	PRON
iiclr-17591	2354	43	construes	construe	VERB
iiclr-17591	2354	44	what	what	PRON
iiclr-17591	2354	45	resemble	resemble	VERB
iiclr-17591	2354	46	violations	violation	NOUN
iiclr-17591	2354	47	of	of	ADP
iiclr-17591	2354	48	duty	duty	NOUN
iiclr-17591	2354	49	of	of	ADP
iiclr-17591	2354	50	care	care	NOUN
iiclr-17591	2354	51	as	as	ADP
iiclr-17591	2354	52	the	the	DET
iiclr-17591	2354	53	product	product	NOUN
iiclr-17591	2354	54	of	of	ADP
iiclr-17591	2354	55	conscious	conscious	ADJ
iiclr-17591	2354	56	or	or	CCONJ
iiclr-17591	2354	57	semi	semi	ADJ
iiclr-17591	2354	58	-	-	ADJ
iiclr-17591	2354	59	conscious	conscious	ADJ
iiclr-17591	2354	60	manager	manager	NOUN
iiclr-17591	2354	61	's	's	PART
iiclr-17591	2354	62	decisions	decision	NOUN
iiclr-17591	2354	63	to	to	PART
iiclr-17591	2354	64	avoid	avoid	VERB
iiclr-17591	2354	65	"	"	PUNCT
iiclr-17591	2354	66	too	too	ADV
iiclr-17591	2354	67	much	much	ADJ
iiclr-17591	2354	68	trouble	trouble	NOUN
iiclr-17591	2354	69	or	or	CCONJ
iiclr-17591	2354	70	effort	effort	NOUN
iiclr-17591	2354	71	on	on	ADP
iiclr-17591	2354	72	his	his	PRON
iiclr-17591	2354	73	part	part	NOUN
iiclr-17591	2354	74	to	to	PART
iiclr-17591	2354	75	manage	manage	VERB
iiclr-17591	2354	76	or	or	CCONJ
iiclr-17591	2354	77	to	to	PART
iiclr-17591	2354	78	learn	learn	VERB
iiclr-17591	2354	79	about	about	ADP
iiclr-17591	2354	80	new	new	ADJ
iiclr-17591	2354	81	technologies	technology	NOUN
iiclr-17591	2354	82	.	.	PUNCT
iiclr-17591	2355	1	avoidance	avoidance	NOUN
iiclr-17591	2355	2	of	of	ADP
iiclr-17591	2355	3	these	these	DET
iiclr-17591	2355	4	personal	personal	ADJ
iiclr-17591	2355	5	costs	cost	NOUN
iiclr-17591	2355	6	and	and	CCONJ
iiclr-17591	2355	7	the	the	DET
iiclr-17591	2355	8	anxieties	anxiety	NOUN
iiclr-17591	2355	9	that	that	PRON
iiclr-17591	2355	10	go	go	VERB
iiclr-17591	2355	11	with	with	ADP
iiclr-17591	2355	12	them	they	PRON
iiclr-17591	2355	13	also	also	ADV
iiclr-17591	2355	14	represent	represent	VERB
iiclr-17591	2355	15	a	a	DET
iiclr-17591	2355	16	source	source	NOUN
iiclr-17591	2355	17	of	of	ADP
iiclr-17591	2355	18	on	on	ADP
iiclr-17591	2355	19	the	the	DET
iiclr-17591	2355	20	job	job	NOUN
iiclr-17591	2355	21	utility	utility	NOUN
iiclr-17591	2355	22	to	to	ADP
iiclr-17591	2355	23	him	he	PRON
iiclr-17591	2355	24	....	....	PUNCT
iiclr-17591	2356	1	(	(	PUNCT
iiclr-17591	2356	2	i	i	NOUN
iiclr-17591	2356	3	d	d	PROPN
iiclr-17591	2356	4	at	at	ADP
iiclr-17591	2356	5	313	313	NUM
iiclr-17591	2356	6	)	)	PUNCT
iiclr-17591	2356	7	.	.	PUNCT
iiclr-17591	2357	1	this	this	DET
iiclr-17591	2357	2	definition	definition	NOUN
iiclr-17591	2357	3	seems	seem	VERB
iiclr-17591	2357	4	absolutely	absolutely	ADV
iiclr-17591	2357	5	correct	correct	ADJ
iiclr-17591	2357	6	,	,	PUNCT
iiclr-17591	2357	7	but	but	CCONJ
iiclr-17591	2357	8	it	it	PRON
iiclr-17591	2357	9	risks	risk	VERB
iiclr-17591	2357	10	blurring	blur	VERB
iiclr-17591	2357	11	the	the	DET
iiclr-17591	2357	12	fundamental	fundamental	ADJ
iiclr-17591	2357	13	difference	difference	NOUN
iiclr-17591	2357	14	between	between	ADP
iiclr-17591	2357	15	the	the	DET
iiclr-17591	2357	16	effect	effect	NOUN
iiclr-17591	2357	17	of	of	ADP
iiclr-17591	2357	18	managerial	managerial	ADJ
iiclr-17591	2357	19	ownership	ownership	NOUN
iiclr-17591	2357	20	on	on	ADP
iiclr-17591	2357	21	the	the	DET
iiclr-17591	2357	22	incentive	incentive	NOUN
iiclr-17591	2357	23	to	to	PART
iiclr-17591	2357	24	perform	perform	VERB
iiclr-17591	2357	25	well	well	ADV
iiclr-17591	2357	26	and	and	CCONJ
iiclr-17591	2357	27	its	its	PRON
iiclr-17591	2357	28	effect	effect	NOUN
iiclr-17591	2357	29	on	on	ADP
iiclr-17591	2357	30	the	the	DET
iiclr-17591	2357	31	incentive	incentive	NOUN
iiclr-17591	2357	32	not	not	PART
iiclr-17591	2357	33	to	to	PART
iiclr-17591	2357	34	cheat	cheat	VERB
iiclr-17591	2357	35	.	.	PUNCT
iiclr-17591	2358	1	(	(	PUNCT
iiclr-17591	2358	2	by	by	ADP
iiclr-17591	2358	3	"	"	PUNCT
iiclr-17591	2358	4	managerial	managerial	ADJ
iiclr-17591	2358	5	ownership	ownership	NOUN
iiclr-17591	2358	6	"	"	PUNCT
iiclr-17591	2358	7	i	i	PRON
iiclr-17591	2358	8	mean	mean	VERB
iiclr-17591	2358	9	every	every	DET
iiclr-17591	2358	10	kind	kind	NOUN
iiclr-17591	2358	11	of	of	ADP
iiclr-17591	2358	12	direct	direct	ADJ
iiclr-17591	2358	13	link	link	NOUN
iiclr-17591	2358	14	between	between	ADP
iiclr-17591	2358	15	equity	equity	NOUN
iiclr-17591	2358	16	holders	holder	NOUN
iiclr-17591	2358	17	and	and	CCONJ
iiclr-17591	2358	18	managers	manager	NOUN
iiclr-17591	2358	19	,	,	PUNCT
iiclr-17591	2358	20	ie	ie	X
iiclr-17591	2358	21	.	.	NUM
iiclr-17591	2358	22	,	,	PUNCT
iiclr-17591	2358	23	something	something	PRON
iiclr-17591	2358	24	that	that	PRON
iiclr-17591	2358	25	goes	go	VERB
iiclr-17591	2358	26	beyond	beyond	ADP
iiclr-17591	2358	27	the	the	DET
iiclr-17591	2358	28	usual	usual	ADJ
iiclr-17591	2358	29	understanding	understanding	NOUN
iiclr-17591	2358	30	of	of	ADP
iiclr-17591	2358	31	the	the	DET
iiclr-17591	2358	32	term	term	NOUN
iiclr-17591	2358	33	,	,	PUNCT
iiclr-17591	2358	34	which	which	PRON
iiclr-17591	2358	35	in	in	ADP
iiclr-17591	2358	36	my	my	PRON
iiclr-17591	2358	37	opinion	opinion	NOUN
iiclr-17591	2358	38	is	be	AUX
iiclr-17591	2358	39	unable	unable	ADJ
iiclr-17591	2358	40	to	to	PART
iiclr-17591	2358	41	embrace	embrace	VERB
iiclr-17591	2358	42	fully	fully	ADV
iiclr-17591	2358	43	the	the	DET
iiclr-17591	2358	44	role	role	NOUN
iiclr-17591	2358	45	of	of	ADP
iiclr-17591	2358	46	large	large	ADJ
iiclr-17591	2358	47	shareholders	shareholder	NOUN
iiclr-17591	2358	48	involved	involve	VERB
iiclr-17591	2358	49	,	,	PUNCT
iiclr-17591	2358	50	although	although	SCONJ
iiclr-17591	2358	51	indirectly	indirectly	ADV
iiclr-17591	2358	52	,	,	PUNCT
iiclr-17591	2358	53	in	in	ADP
iiclr-17591	2358	54	the	the	DET
iiclr-17591	2358	55	management	management	NOUN
iiclr-17591	2358	56	of	of	ADP
iiclr-17591	2358	57	the	the	DET
iiclr-17591	2358	58	company	company	NOUN
iiclr-17591	2358	59	.	.	PUNCT
iiclr-17591	2358	60	)	)	PUNCT
iiclr-17591	2359	1	while	while	SCONJ
iiclr-17591	2359	2	incentives	incentive	NOUN
iiclr-17591	2359	3	to	to	PART
iiclr-17591	2359	4	perform	perform	VERB
iiclr-17591	2359	5	well	well	ADV
iiclr-17591	2359	6	(	(	PUNCT
iiclr-17591	2359	7	duty	duty	NOUN
iiclr-17591	2359	8	of	of	ADP
iiclr-17591	2359	9	care	care	NOUN
iiclr-17591	2359	10	)	)	PUNCT
iiclr-17591	2359	11	,	,	PUNCT
iiclr-17591	2359	12	all	all	DET
iiclr-17591	2359	13	other	other	ADJ
iiclr-17591	2359	14	factors	factor	NOUN
iiclr-17591	2359	15	equal	equal	ADJ
iiclr-17591	2359	16	,	,	PUNCT
iiclr-17591	2359	17	are	be	AUX
iiclr-17591	2359	18	a	a	DET
iiclr-17591	2359	19	linear	linear	ADJ
iiclr-17591	2359	20	function	function	NOUN
iiclr-17591	2359	21	of	of	ADP
iiclr-17591	2359	22	managerial	managerial	ADJ
iiclr-17591	2359	23	ownership	ownership	NOUN
iiclr-17591	2359	24	,	,	PUNCT
iiclr-17591	2359	25	the	the	DET
iiclr-17591	2359	26	incentives	incentive	NOUN
iiclr-17591	2359	27	not	not	PART
iiclr-17591	2359	28	to	to	PART
iiclr-17591	2359	29	cheat	cheat	VERB
iiclr-17591	2359	30	(	(	PUNCT
iiclr-17591	2359	31	duty	duty	NOUN
iiclr-17591	2359	32	of	of	ADP
iiclr-17591	2359	33	loyalty	loyalty	NOUN
iiclr-17591	2359	34	)	)	PUNCT
iiclr-17591	2359	35	are	be	AUX
iiclr-17591	2359	36	more	more	ADV
iiclr-17591	2359	37	skewed	skewed	ADJ
iiclr-17591	2359	38	.	.	PUNCT
iiclr-17591	2360	1	again	again	ADV
iiclr-17591	2360	2	all	all	DET
iiclr-17591	2360	3	other	other	ADJ
iiclr-17591	2360	4	factors	factor	NOUN
iiclr-17591	2360	5	equal	equal	ADJ
iiclr-17591	2360	6	,	,	PUNCT
iiclr-17591	2360	7	incentives	incentive	VERB
iiclr-17591	2360	8	to	to	PART
iiclr-17591	2360	9	behave	behave	VERB
iiclr-17591	2360	10	in	in	ADP
iiclr-17591	2360	11	compliance	compliance	NOUN
iiclr-17591	2360	12	with	with	ADP
iiclr-17591	2360	13	the	the	DET
iiclr-17591	2360	14	duty	duty	NOUN
iiclr-17591	2360	15	of	of	ADP
iiclr-17591	2360	16	loyalty	loyalty	NOUN
iiclr-17591	2360	17	depend	depend	VERB
iiclr-17591	2360	18	not	not	PART
iiclr-17591	2360	19	only	only	ADV
iiclr-17591	2360	20	on	on	ADP
iiclr-17591	2360	21	the	the	DET
iiclr-17591	2360	22	managerial	managerial	ADJ
iiclr-17591	2360	23	ownership	ownership	NOUN
iiclr-17591	2360	24	in	in	ADP
iiclr-17591	2360	25	the	the	DET
iiclr-17591	2360	26	firm	firm	NOUN
iiclr-17591	2360	27	,	,	PUNCT
iiclr-17591	2360	28	but	but	CCONJ
iiclr-17591	2360	29	also	also	ADV
iiclr-17591	2360	30	on	on	ADP
iiclr-17591	2360	31	the	the	DET
iiclr-17591	2360	32	value	value	NOUN
iiclr-17591	2360	33	of	of	ADP
iiclr-17591	2360	34	what	what	PRON
iiclr-17591	2360	35	the	the	DET
iiclr-17591	2360	36	managers	manager	NOUN
iiclr-17591	2360	37	subtract	subtract	VERB
iiclr-17591	2360	38	from	from	ADP
iiclr-17591	2360	39	the	the	DET
iiclr-17591	2360	40	firm	firm	NOUN
iiclr-17591	2360	41	(	(	PUNCT
iiclr-17591	2360	42	time	time	NOUN
iiclr-17591	2360	43	,	,	PUNCT
iiclr-17591	2360	44	information	information	NOUN
iiclr-17591	2360	45	,	,	PUNCT
iiclr-17591	2360	46	opportunities	opportunity	NOUN
iiclr-17591	2360	47	,	,	PUNCT
iiclr-17591	2360	48	physical	physical	ADJ
iiclr-17591	2360	49	assets	asset	NOUN
iiclr-17591	2360	50	,	,	PUNCT
iiclr-17591	2360	51	etc	etc	X
iiclr-17591	2360	52	.	.	X
iiclr-17591	2360	53	)	)	PUNCT
iiclr-17591	2360	54	when	when	SCONJ
iiclr-17591	2360	55	employed	employ	VERB
iiclr-17591	2360	56	elsewhere	elsewhere	ADV
iiclr-17591	2360	57	.	.	PUNCT
iiclr-17591	2361	1	assuming	assume	VERB
iiclr-17591	2361	2	a	a	DET
iiclr-17591	2361	3	firm	firm	NOUN
iiclr-17591	2361	4	where	where	SCONJ
iiclr-17591	2361	5	(	(	PUNCT
iiclr-17591	2361	6	a	a	X
iiclr-17591	2361	7	)	)	PUNCT
iiclr-17591	2361	8	the	the	DET
iiclr-17591	2361	9	manager	manager	NOUN
iiclr-17591	2361	10	is	be	AUX
iiclr-17591	2361	11	bound	bind	VERB
iiclr-17591	2361	12	by	by	ADP
iiclr-17591	2361	13	a	a	DET
iiclr-17591	2361	14	normal	normal	ADJ
iiclr-17591	2361	15	managerial	managerial	ADJ
iiclr-17591	2361	16	contract	contract	NOUN
iiclr-17591	2361	17	,	,	PUNCT
iiclr-17591	2361	18	(	(	PUNCT
iiclr-17591	2361	19	b	b	X
iiclr-17591	2361	20	)	)	PUNCT
iiclr-17591	2361	21	he	he	PRON
iiclr-17591	2361	22	is	be	AUX
iiclr-17591	2361	23	the	the	DET
iiclr-17591	2361	24	sole	sole	ADJ
iiclr-17591	2361	25	residual	residual	ADJ
iiclr-17591	2361	26	claimant	claimant	NOUN
iiclr-17591	2361	27	,	,	PUNCT
iiclr-17591	2361	28	and	and	CCONJ
iiclr-17591	2361	29	(	(	PUNCT
iiclr-17591	2361	30	c	c	X
iiclr-17591	2361	31	)	)	PUNCT
iiclr-17591	2361	32	there	there	PRON
iiclr-17591	2361	33	are	be	VERB
iiclr-17591	2361	34	no	no	DET
iiclr-17591	2361	35	creditors	creditor	NOUN
iiclr-17591	2361	36	(	(	PUNCT
iiclr-17591	2361	37	i.e.	i.e.	X
iiclr-17591	2361	38	,	,	PUNCT
iiclr-17591	2361	39	a	a	DET
iiclr-17591	2361	40	firm	firm	NOUN
iiclr-17591	2361	41	where	where	SCONJ
iiclr-17591	2361	42	agency	agency	NOUN
iiclr-17591	2361	43	costs	cost	NOUN
iiclr-17591	2361	44	for	for	ADP
iiclr-17591	2361	45	shareholders	shareholder	NOUN
iiclr-17591	2361	46	are	be	AUX
iiclr-17591	2361	47	zero	zero	NUM
iiclr-17591	2361	48	by	by	ADP
iiclr-17591	2361	49	definition	definition	NOUN
iiclr-17591	2361	50	,	,	PUNCT
iiclr-17591	2361	51	and	and	CCONJ
iiclr-17591	2361	52	transfers	transfer	NOUN
iiclr-17591	2361	53	of	of	ADP
iiclr-17591	2361	54	wealth	wealth	NOUN
iiclr-17591	2361	55	from	from	ADP
iiclr-17591	2361	56	creditors	creditor	NOUN
iiclr-17591	2361	57	to	to	ADP
iiclr-17591	2361	58	shareholders	shareholder	NOUN
iiclr-17591	2361	59	are	be	AUX
iiclr-17591	2361	60	not	not	PART
iiclr-17591	2361	61	possible	possible	ADJ
iiclr-17591	2361	62	)	)	PUNCT
iiclr-17591	2361	63	,	,	PUNCT
iiclr-17591	2361	64	the	the	DET
iiclr-17591	2361	65	manager	manager	NOUN
iiclr-17591	2361	66	has	have	VERB
iiclr-17591	2361	67	an	an	DET
iiclr-17591	2361	68	incentive	incentive	NOUN
iiclr-17591	2361	69	to	to	PART
iiclr-17591	2361	70	perform	perform	VERB
iiclr-17591	2361	71	with	with	ADP
iiclr-17591	2361	72	absolute	absolute	ADJ
iiclr-17591	2361	73	care	care	NOUN
iiclr-17591	2361	74	,	,	PUNCT
iiclr-17591	2361	75	but	but	CCONJ
iiclr-17591	2361	76	he	he	PRON
iiclr-17591	2361	77	may	may	AUX
iiclr-17591	2361	78	be	be	AUX
iiclr-17591	2361	79	perfectly	perfectly	ADV
iiclr-17591	2361	80	rational	rational	ADJ
iiclr-17591	2361	81	in	in	ADP
iiclr-17591	2361	82	deciding	decide	VERB
iiclr-17591	2361	83	to	to	PART
iiclr-17591	2361	84	violate	violate	VERB
iiclr-17591	2361	85	his	his	PRON
iiclr-17591	2361	86	contractual	contractual	ADJ
iiclr-17591	2361	87	"	"	PUNCT
iiclr-17591	2361	88	duty	duty	NOUN
iiclr-17591	2361	89	of	of	ADP
iiclr-17591	2361	90	loyalty	loyalty	NOUN
iiclr-17591	2361	91	"	"	PUNCT
iiclr-17591	2361	92	towards	towards	ADP
iiclr-17591	2361	93	his	his	PRON
iiclr-17591	2361	94	own	own	ADJ
iiclr-17591	2361	95	firm	firm	NOUN
iiclr-17591	2361	96	,	,	PUNCT
iiclr-17591	2361	97	provided	provide	VERB
iiclr-17591	2361	98	that	that	SCONJ
iiclr-17591	2361	99	what	what	PRON
iiclr-17591	2361	100	he	he	PRON
iiclr-17591	2361	101	takes	take	VERB
iiclr-17591	2361	102	from	from	ADP
iiclr-17591	2361	103	it	it	PRON
iiclr-17591	2361	104	will	will	AUX
iiclr-17591	2361	105	be	be	AUX
iiclr-17591	2361	106	more	more	ADV
iiclr-17591	2361	107	valuable	valuable	ADJ
iiclr-17591	2361	108	somewhere	somewhere	ADV
iiclr-17591	2361	109	else	else	ADV
iiclr-17591	2361	110	.	.	PUNCT
iiclr-17591	2362	1	in	in	ADP
iiclr-17591	2362	2	other	other	ADJ
iiclr-17591	2362	3	words	word	NOUN
iiclr-17591	2362	4	,	,	PUNCT
iiclr-17591	2362	5	as	as	ADP
iiclr-17591	2362	6	a	a	DET
iiclr-17591	2362	7	distinction	distinction	NOUN
iiclr-17591	2362	8	between	between	ADP
iiclr-17591	2362	9	"	"	PUNCT
iiclr-17591	2362	10	loss	loss	NOUN
iiclr-17591	2362	11	"	"	PUNCT
iiclr-17591	2362	12	and	and	CCONJ
iiclr-17591	2362	13	"	"	PUNCT
iiclr-17591	2362	14	transfer	transfer	NOUN
iiclr-17591	2362	15	"	"	PUNCT
iiclr-17591	2362	16	of	of	ADP
iiclr-17591	2362	17	the	the	DET
iiclr-17591	2362	18	firm	firm	NOUN
iiclr-17591	2362	19	's	's	PART
iiclr-17591	2362	20	wealth	wealth	NOUN
iiclr-17591	2362	21	makes	make	VERB
iiclr-17591	2362	22	sense	sense	NOUN
iiclr-17591	2362	23	,	,	PUNCT
iiclr-17591	2362	24	and	and	CCONJ
iiclr-17591	2362	25	as	as	SCONJ
iiclr-17591	2362	26	the	the	DET
iiclr-17591	2362	27	size	size	NOUN
iiclr-17591	2362	28	of	of	ADP
iiclr-17591	2362	29	managerial	managerial	ADJ
iiclr-17591	2362	30	equity	equity	NOUN
iiclr-17591	2362	31	(	(	PUNCT
iiclr-17591	2362	32	as	as	ADP
iiclr-17591	2362	33	defined	define	VERB
iiclr-17591	2362	34	above	above	ADV
iiclr-17591	2362	35	)	)	PUNCT
iiclr-17591	2362	36	affects	affect	VERB
iiclr-17591	2362	37	incentives	incentive	NOUN
iiclr-17591	2362	38	to	to	PART
iiclr-17591	2362	39	avoid	avoid	VERB
iiclr-17591	2362	40	losses	loss	NOUN
iiclr-17591	2362	41	and	and	CCONJ
iiclr-17591	2362	42	transfers	transfer	NOUN
iiclr-17591	2362	43	differently	differently	ADV
iiclr-17591	2362	44	,	,	PUNCT
iiclr-17591	2362	45	it	it	PRON
iiclr-17591	2362	46	follows	follow	VERB
iiclr-17591	2362	47	that	that	SCONJ
iiclr-17591	2362	48	it	it	PRON
iiclr-17591	2362	49	is	be	AUX
iiclr-17591	2362	50	reasonable	reasonable	ADJ
iiclr-17591	2362	51	to	to	PART
iiclr-17591	2362	52	treat	treat	VERB
iiclr-17591	2362	53	them	they	PRON
iiclr-17591	2362	54	differently	differently	ADV
iiclr-17591	2362	55	while	while	SCONJ
iiclr-17591	2362	56	examining	examine	VERB
iiclr-17591	2362	57	a	a	DET
iiclr-17591	2362	58	corporate	corporate	ADJ
iiclr-17591	2362	59	governance	governance	NOUN
iiclr-17591	2362	60	system	system	NOUN
iiclr-17591	2362	61	like	like	ADP
iiclr-17591	2362	62	the	the	DET
iiclr-17591	2362	63	italian	italian	NOUN
iiclr-17591	2362	64	,	,	PUNCT
iiclr-17591	2362	65	which	which	PRON
iiclr-17591	2362	66	is	be	AUX
iiclr-17591	2362	67	characterized	characterize	VERB
iiclr-17591	2362	68	by	by	ADP
iiclr-17591	2362	69	a	a	DET
iiclr-17591	2362	70	strongly	strongly	ADV
iiclr-17591	2362	71	concentrated	concentrate	VERB
iiclr-17591	2362	72	[	[	X
iiclr-17591	2362	73	vol	vol	NOUN
iiclr-17591	2362	74	.	.	PUNCT
iiclr-17591	2363	1	6:1	6:1	NUM
iiclr-17591	2363	2	corporate	corporate	ADJ
iiclr-17591	2363	3	governance	governance	NOUN
iiclr-17591	2363	4	in	in	ADP
iiclr-17591	2363	5	italy	italy	PROPN
iiclr-17591	2363	6	as	as	ADP
iiclr-17591	2363	7	for	for	ADP
iiclr-17591	2363	8	directors	director	NOUN
iiclr-17591	2363	9	'	'	PART
iiclr-17591	2363	10	incentives	incentive	NOUN
iiclr-17591	2363	11	to	to	PART
iiclr-17591	2363	12	act	act	VERB
iiclr-17591	2363	13	with	with	ADP
iiclr-17591	2363	14	due	due	ADJ
iiclr-17591	2363	15	care	care	NOUN
iiclr-17591	2363	16	,	,	PUNCT
iiclr-17591	2363	17	the	the	DET
iiclr-17591	2363	18	absence	absence	NOUN
iiclr-17591	2363	19	of	of	ADP
iiclr-17591	2363	20	derivative	derivative	ADJ
iiclr-17591	2363	21	actions	action	NOUN
iiclr-17591	2363	22	does	do	AUX
iiclr-17591	2363	23	not	not	PART
iiclr-17591	2363	24	seem	seem	VERB
iiclr-17591	2363	25	to	to	PART
iiclr-17591	2363	26	cause	cause	VERB
iiclr-17591	2363	27	serious	serious	ADJ
iiclr-17591	2363	28	negative	negative	ADJ
iiclr-17591	2363	29	consequences	consequence	NOUN
iiclr-17591	2363	30	.	.	PUNCT
iiclr-17591	2364	1	not	not	PART
iiclr-17591	2364	2	only	only	ADV
iiclr-17591	2364	3	do	do	AUX
iiclr-17591	2364	4	directors	director	NOUN
iiclr-17591	2364	5	of	of	ADP
iiclr-17591	2364	6	italian	italian	ADJ
iiclr-17591	2364	7	companies	company	NOUN
iiclr-17591	2364	8	,	,	PUNCT
iiclr-17591	2364	9	as	as	ADP
iiclr-17591	2364	10	large	large	ADJ
iiclr-17591	2364	11	equity	equity	NOUN
iiclr-17591	2364	12	holders	holder	NOUN
iiclr-17591	2364	13	or	or	CCONJ
iiclr-17591	2364	14	representatives	representative	NOUN
iiclr-17591	2364	15	of	of	ADP
iiclr-17591	2364	16	large	large	ADJ
iiclr-17591	2364	17	equity	equity	NOUN
iiclr-17591	2364	18	holders	holder	NOUN
iiclr-17591	2364	19	,	,	PUNCT
iiclr-17591	2364	20	have	have	VERB
iiclr-17591	2364	21	strong	strong	ADJ
iiclr-17591	2364	22	incentives	incentive	NOUN
iiclr-17591	2364	23	to	to	PART
iiclr-17591	2364	24	perform	perform	VERB
iiclr-17591	2364	25	well	well	ADV
iiclr-17591	2364	26	,	,	PUNCT
iiclr-17591	2364	27	but	but	CCONJ
iiclr-17591	2364	28	also	also	ADV
iiclr-17591	2364	29	shareholders	shareholder	NOUN
iiclr-17591	2364	30	'	'	PART
iiclr-17591	2364	31	suits	suit	NOUN
iiclr-17591	2364	32	themselves	themselves	PRON
iiclr-17591	2364	33	are	be	AUX
iiclr-17591	2364	34	generally	generally	ADV
iiclr-17591	2364	35	considered	consider	VERB
iiclr-17591	2364	36	not	not	PART
iiclr-17591	2364	37	to	to	PART
iiclr-17591	2364	38	be	be	AUX
iiclr-17591	2364	39	a	a	DET
iiclr-17591	2364	40	good	good	ADJ
iiclr-17591	2364	41	remedy	remedy	NOUN
iiclr-17591	2364	42	for	for	ADP
iiclr-17591	2364	43	enforcing	enforce	VERB
iiclr-17591	2364	44	directors	director	NOUN
iiclr-17591	2364	45	'	'	PART
iiclr-17591	2364	46	duty	duty	NOUN
iiclr-17591	2364	47	of	of	ADP
iiclr-17591	2364	48	care	care	NOUN
iiclr-17591	2364	49	.	.	PUNCT
iiclr-17591	2365	1	american	american	ADJ
iiclr-17591	2365	2	law	law	PROPN
iiclr-17591	2365	3	has	have	AUX
iiclr-17591	2365	4	gradually	gradually	ADV
iiclr-17591	2365	5	created	create	VERB
iiclr-17591	2365	6	a	a	DET
iiclr-17591	2365	7	complex	complex	ADJ
iiclr-17591	2365	8	system	system	NOUN
iiclr-17591	2365	9	of	of	ADP
iiclr-17591	2365	10	protection	protection	NOUN
iiclr-17591	2365	11	for	for	ADP
iiclr-17591	2365	12	directors	director	NOUN
iiclr-17591	2365	13	and	and	CCONJ
iiclr-17591	2365	14	managers	manager	NOUN
iiclr-17591	2365	15	and	and	CCONJ
iiclr-17591	2365	16	courts	court	NOUN
iiclr-17591	2365	17	are	be	AUX
iiclr-17591	2365	18	wary	wary	ADJ
iiclr-17591	2365	19	about	about	ADP
iiclr-17591	2365	20	intervening	intervene	VERB
iiclr-17591	2365	21	in	in	ADP
iiclr-17591	2365	22	the	the	DET
iiclr-17591	2365	23	merit	merit	NOUN
iiclr-17591	2365	24	of	of	ADP
iiclr-17591	2365	25	business	business	NOUN
iiclr-17591	2365	26	decisions	decision	NOUN
iiclr-17591	2365	27	.	.	PUNCT
iiclr-17591	2366	1	therefore	therefore	ADV
iiclr-17591	2366	2	,	,	PUNCT
iiclr-17591	2366	3	american	american	ADJ
iiclr-17591	2366	4	courts	court	NOUN
iiclr-17591	2366	5	rarely	rarely	ADV
iiclr-17591	2366	6	interfere	interfere	VERB
iiclr-17591	2366	7	with	with	ADP
iiclr-17591	2366	8	business	business	NOUN
iiclr-17591	2366	9	judgments	judgment	NOUN
iiclr-17591	2366	10	,	,	PUNCT
iiclr-17591	2366	11	although	although	SCONJ
iiclr-17591	2366	12	ex	ex	PRON
iiclr-17591	2366	13	post	post	VERB
iiclr-17591	2366	14	ill	ill	ADV
iiclr-17591	2366	15	-	-	PUNCT
iiclr-17591	2366	16	advised	advise	VERB
iiclr-17591	2366	17	,	,	PUNCT
iiclr-17591	2366	18	and	and	CCONJ
iiclr-17591	2366	19	they	they	PRON
iiclr-17591	2366	20	have	have	AUX
iiclr-17591	2366	21	created	create	VERB
iiclr-17591	2366	22	a	a	DET
iiclr-17591	2366	23	series	series	NOUN
iiclr-17591	2366	24	of	of	ADP
iiclr-17591	2366	25	procedural	procedural	ADJ
iiclr-17591	2366	26	hurdles	hurdle	NOUN
iiclr-17591	2366	27	that	that	PRON
iiclr-17591	2366	28	make	make	VERB
iiclr-17591	2366	29	it	it	PRON
iiclr-17591	2366	30	extremely	extremely	ADV
iiclr-17591	2366	31	difficult	difficult	ADJ
iiclr-17591	2366	32	for	for	SCONJ
iiclr-17591	2366	33	a	a	DET
iiclr-17591	2366	34	derivative	derivative	ADJ
iiclr-17591	2366	35	suit	suit	NOUN
iiclr-17591	2366	36	based	base	VERB
iiclr-17591	2366	37	on	on	ADP
iiclr-17591	2366	38	alleged	alleged	ADJ
iiclr-17591	2366	39	violations	violation	NOUN
iiclr-17591	2366	40	of	of	ADP
iiclr-17591	2366	41	the	the	DET
iiclr-17591	2366	42	duty	duty	NOUN
iiclr-17591	2366	43	of	of	ADP
iiclr-17591	2366	44	care	care	NOUN
iiclr-17591	2366	45	to	to	PART
iiclr-17591	2366	46	reach	reach	VERB
iiclr-17591	2366	47	the	the	DET
iiclr-17591	2366	48	stage	stage	NOUN
iiclr-17591	2366	49	of	of	ADP
iiclr-17591	2366	50	the	the	DET
iiclr-17591	2366	51	final	final	ADJ
iiclr-17591	2366	52	decision.28	decision.28	NOUN
iiclr-17591	2366	53	in	in	ADP
iiclr-17591	2366	54	conclusion	conclusion	NOUN
iiclr-17591	2366	55	,	,	PUNCT
iiclr-17591	2366	56	since	since	SCONJ
iiclr-17591	2366	57	spontaneous	spontaneous	ADJ
iiclr-17591	2366	58	incentives	incentive	NOUN
iiclr-17591	2366	59	are	be	AUX
iiclr-17591	2366	60	strong	strong	ADJ
iiclr-17591	2366	61	,	,	PUNCT
iiclr-17591	2366	62	judicial	judicial	ADJ
iiclr-17591	2366	63	review	review	NOUN
iiclr-17591	2366	64	of	of	ADP
iiclr-17591	2366	65	business	business	NOUN
iiclr-17591	2366	66	decisions	decision	NOUN
iiclr-17591	2366	67	is	be	AUX
iiclr-17591	2366	68	inherently	inherently	ADV
iiclr-17591	2366	69	difficult	difficult	ADJ
iiclr-17591	2366	70	and	and	CCONJ
iiclr-17591	2366	71	the	the	DET
iiclr-17591	2366	72	cost	cost	NOUN
iiclr-17591	2366	73	of	of	ADP
iiclr-17591	2366	74	letting	let	VERB
iiclr-17591	2366	75	the	the	DET
iiclr-17591	2366	76	courts	court	NOUN
iiclr-17591	2366	77	intervene	intervene	VERB
iiclr-17591	2366	78	in	in	ADP
iiclr-17591	2366	79	business	business	NOUN
iiclr-17591	2366	80	decisions	decision	NOUN
iiclr-17591	2366	81	may	may	AUX
iiclr-17591	2366	82	easily	easily	ADV
iiclr-17591	2366	83	exceed	exceed	VERB
iiclr-17591	2366	84	the	the	DET
iiclr-17591	2366	85	benefits	benefit	NOUN
iiclr-17591	2366	86	,	,	PUNCT
iiclr-17591	2366	87	the	the	DET
iiclr-17591	2366	88	prohibition	prohibition	NOUN
iiclr-17591	2366	89	against	against	ADP
iiclr-17591	2366	90	derivative	derivative	ADJ
iiclr-17591	2366	91	actions	action	NOUN
iiclr-17591	2366	92	does	do	AUX
iiclr-17591	2366	93	not	not	PART
iiclr-17591	2366	94	seem	seem	VERB
iiclr-17591	2366	95	to	to	PART
iiclr-17591	2366	96	considerably	considerably	ADV
iiclr-17591	2366	97	affect	affect	VERB
iiclr-17591	2366	98	the	the	DET
iiclr-17591	2366	99	incentives	incentive	NOUN
iiclr-17591	2366	100	of	of	ADP
iiclr-17591	2366	101	directors	director	NOUN
iiclr-17591	2366	102	of	of	ADP
iiclr-17591	2366	103	italian	italian	ADJ
iiclr-17591	2366	104	companies	company	NOUN
iiclr-17591	2366	105	to	to	PART
iiclr-17591	2366	106	act	act	VERB
iiclr-17591	2366	107	with	with	ADP
iiclr-17591	2366	108	due	due	ADJ
iiclr-17591	2366	109	care	care	NOUN
iiclr-17591	2366	110	.	.	PUNCT
iiclr-17591	2367	1	perhaps	perhaps	ADV
iiclr-17591	2367	2	the	the	DET
iiclr-17591	2367	3	majority	majority	NOUN
iiclr-17591	2367	4	rule	rule	NOUN
iiclr-17591	2367	5	on	on	ADP
iiclr-17591	2367	6	directors	director	NOUN
iiclr-17591	2367	7	'	'	PART
iiclr-17591	2367	8	liability	liability	NOUN
iiclr-17591	2367	9	for	for	ADP
iiclr-17591	2367	10	violations	violation	NOUN
iiclr-17591	2367	11	of	of	ADP
iiclr-17591	2367	12	duty	duty	NOUN
iiclr-17591	2367	13	of	of	ADP
iiclr-17591	2367	14	care	care	NOUN
iiclr-17591	2367	15	is	be	AUX
iiclr-17591	2367	16	not	not	PART
iiclr-17591	2367	17	the	the	DET
iiclr-17591	2367	18	best	good	ADJ
iiclr-17591	2367	19	alternative	alternative	NOUN
iiclr-17591	2367	20	,	,	PUNCT
iiclr-17591	2367	21	but	but	CCONJ
iiclr-17591	2367	22	at	at	ADP
iiclr-17591	2367	23	least	least	ADJ
iiclr-17591	2367	24	,	,	PUNCT
iiclr-17591	2367	25	as	as	SCONJ
iiclr-17591	2367	26	the	the	DET
iiclr-17591	2367	27	costs	cost	NOUN
iiclr-17591	2367	28	of	of	ADP
iiclr-17591	2367	29	such	such	ADJ
iiclr-17591	2367	30	violations	violation	NOUN
iiclr-17591	2367	31	are	be	AUX
iiclr-17591	2367	32	spread	spread	VERB
iiclr-17591	2367	33	evenly	evenly	ADV
iiclr-17591	2367	34	among	among	ADP
iiclr-17591	2367	35	all	all	DET
iiclr-17591	2367	36	shareholders	shareholder	NOUN
iiclr-17591	2367	37	,	,	PUNCT
iiclr-17591	2367	38	it	it	PRON
iiclr-17591	2367	39	has	have	VERB
iiclr-17591	2367	40	some	some	DET
iiclr-17591	2367	41	systematic	systematic	ADJ
iiclr-17591	2367	42	justification	justification	NOUN
iiclr-17591	2367	43	.	.	PUNCT
iiclr-17591	2368	1	this	this	PRON
iiclr-17591	2368	2	is	be	AUX
iiclr-17591	2368	3	not	not	PART
iiclr-17591	2368	4	the	the	DET
iiclr-17591	2368	5	case	case	NOUN
iiclr-17591	2368	6	for	for	ADP
iiclr-17591	2368	7	directors	director	NOUN
iiclr-17591	2368	8	'	'	PART
iiclr-17591	2368	9	incentives	incentive	NOUN
iiclr-17591	2368	10	to	to	PART
iiclr-17591	2368	11	act	act	VERB
iiclr-17591	2368	12	loyally	loyally	ADV
iiclr-17591	2368	13	toward	toward	ADP
iiclr-17591	2368	14	all	all	DET
iiclr-17591	2368	15	shareholders	shareholder	NOUN
iiclr-17591	2368	16	.	.	PUNCT
iiclr-17591	2369	1	here	here	ADV
iiclr-17591	2369	2	,	,	PUNCT
iiclr-17591	2369	3	the	the	DET
iiclr-17591	2369	4	possession	possession	NOUN
iiclr-17591	2369	5	of	of	ADP
iiclr-17591	2369	6	large	large	ADJ
iiclr-17591	2369	7	blocks	block	NOUN
iiclr-17591	2369	8	alone	alone	ADV
iiclr-17591	2369	9	is	be	AUX
iiclr-17591	2369	10	not	not	PART
iiclr-17591	2369	11	sufficient	sufficient	ADJ
iiclr-17591	2369	12	to	to	PART
iiclr-17591	2369	13	eliminate	eliminate	VERB
iiclr-17591	2369	14	gains	gain	NOUN
iiclr-17591	2369	15	from	from	ADP
iiclr-17591	2369	16	transfers	transfer	NOUN
iiclr-17591	2369	17	of	of	ADP
iiclr-17591	2369	18	wealth	wealth	NOUN
iiclr-17591	2369	19	from	from	ADP
iiclr-17591	2369	20	all	all	DET
iiclr-17591	2369	21	the	the	DET
iiclr-17591	2369	22	shareholders	shareholder	NOUN
iiclr-17591	2369	23	to	to	ADP
iiclr-17591	2369	24	a	a	DET
iiclr-17591	2369	25	part	part	NOUN
iiclr-17591	2369	26	of	of	ADP
iiclr-17591	2369	27	them	they	PRON
iiclr-17591	2369	28	typically	typically	ADV
iiclr-17591	2369	29	,	,	PUNCT
iiclr-17591	2369	30	to	to	ADP
iiclr-17591	2369	31	the	the	DET
iiclr-17591	2369	32	part	part	NOUN
iiclr-17591	2369	33	of	of	ADP
iiclr-17591	2369	34	the	the	DET
iiclr-17591	2369	35	shareholders	shareholder	NOUN
iiclr-17591	2369	36	who	who	PRON
iiclr-17591	2369	37	elect	elect	VERB
iiclr-17591	2369	38	the	the	DET
iiclr-17591	2369	39	directors.2	directors.2	PROPN
iiclr-17591	2369	40	"	"	PUNCT
iiclr-17591	2369	41	'	'	PART
iiclr-17591	2369	42	directors	director	NOUN
iiclr-17591	2369	43	'	'	PART
iiclr-17591	2369	44	incentives	incentive	NOUN
iiclr-17591	2369	45	and	and	CCONJ
iiclr-17591	2369	46	deterrents	deterrent	NOUN
iiclr-17591	2369	47	come	come	VERB
iiclr-17591	2369	48	from	from	ADP
iiclr-17591	2369	49	other	other	ADJ
iiclr-17591	2369	50	sources	source	NOUN
iiclr-17591	2369	51	,	,	PUNCT
iiclr-17591	2369	52	such	such	ADJ
iiclr-17591	2369	53	as	as	ADP
iiclr-17591	2369	54	their	their	PRON
iiclr-17591	2369	55	need	need	NOUN
iiclr-17591	2369	56	to	to	PART
iiclr-17591	2369	57	preserve	preserve	VERB
iiclr-17591	2369	58	reputation	reputation	NOUN
iiclr-17591	2369	59	,	,	PUNCT
iiclr-17591	2369	60	"	"	PUNCT
iiclr-17591	2369	61	2	2	NUM
iiclr-17591	2369	62	the	the	DET
iiclr-17591	2369	63	fear	fear	NOUN
iiclr-17591	2369	64	of	of	ADP
iiclr-17591	2369	65	criminal	criminal	ADJ
iiclr-17591	2369	66	sanctions	sanction	NOUN
iiclr-17591	2369	67	for	for	ADP
iiclr-17591	2369	68	acts	act	NOUN
iiclr-17591	2369	69	in	in	ADP
iiclr-17591	2369	70	conflict	conflict	NOUN
iiclr-17591	2369	71	of	of	ADP
iiclr-17591	2369	72	ownership	ownership	NOUN
iiclr-17591	2369	73	structure	structure	NOUN
iiclr-17591	2369	74	.	.	PUNCT
iiclr-17591	2370	1	evidence	evidence	NOUN
iiclr-17591	2370	2	that	that	SCONJ
iiclr-17591	2370	3	inside	inside	ADJ
iiclr-17591	2370	4	ownership	ownership	NOUN
iiclr-17591	2370	5	serves	serve	VERB
iiclr-17591	2370	6	as	as	ADP
iiclr-17591	2370	7	a	a	DET
iiclr-17591	2370	8	successful	successful	ADJ
iiclr-17591	2370	9	monitoring	monitoring	NOUN
iiclr-17591	2370	10	institution	institution	NOUN
iiclr-17591	2370	11	for	for	ADP
iiclr-17591	2370	12	negligence	negligence	NOUN
iiclr-17591	2370	13	,	,	PUNCT
iiclr-17591	2370	14	but	but	CCONJ
iiclr-17591	2370	15	not	not	PART
iiclr-17591	2370	16	for	for	ADP
iiclr-17591	2370	17	conflicts	conflict	NOUN
iiclr-17591	2370	18	of	of	ADP
iiclr-17591	2370	19	interests	interest	NOUN
iiclr-17591	2370	20	is	be	AUX
iiclr-17591	2370	21	in	in	ADP
iiclr-17591	2370	22	fact	fact	NOUN
iiclr-17591	2370	23	found	find	VERB
iiclr-17591	2370	24	by	by	ADP
iiclr-17591	2370	25	roberta	roberta	PROPN
iiclr-17591	2370	26	romano	romano	PROPN
iiclr-17591	2370	27	,	,	PUNCT
iiclr-17591	2370	28	the	the	DET
iiclr-17591	2370	29	shareholdersuit	shareholdersuit	NOUN
iiclr-17591	2370	30	:	:	PUNCT
iiclr-17591	2370	31	litigation	litigation	NOUN
iiclr-17591	2370	32	without	without	ADP
iiclr-17591	2370	33	foundation	foundation	PROPN
iiclr-17591	2370	34	?	?	PUNCT
iiclr-17591	2370	35	,	,	PUNCT
iiclr-17591	2370	36	7	7	NUM
iiclr-17591	2370	37	journal	journal	NOUN
iiclr-17591	2370	38	of	of	ADP
iiclr-17591	2370	39	law	law	NOUN
iiclr-17591	2370	40	,	,	PUNCT
iiclr-17591	2370	41	econ	econ	PROPN
iiclr-17591	2370	42	.	.	PROPN
iiclr-17591	2370	43	&	&	CCONJ
iiclr-17591	2370	44	org	org	PROPN
iiclr-17591	2370	45	.	.	PUNCT
iiclr-17591	2371	1	55	55	NUM
iiclr-17591	2371	2	(	(	PUNCT
iiclr-17591	2371	3	1991	1991	NUM
iiclr-17591	2371	4	)	)	PUNCT
iiclr-17591	2371	5	.	.	PUNCT
iiclr-17591	2372	1	280	280	NUM
iiclr-17591	2372	2	.	.	PUNCT
iiclr-17591	2373	1	moreover	moreover	ADV
iiclr-17591	2373	2	,	,	PUNCT
iiclr-17591	2373	3	many	many	ADJ
iiclr-17591	2373	4	jurisdictions	jurisdiction	NOUN
iiclr-17591	2373	5	,	,	PUNCT
iiclr-17591	2373	6	such	such	ADJ
iiclr-17591	2373	7	as	as	ADP
iiclr-17591	2373	8	delaware	delaware	PROPN
iiclr-17591	2373	9	,	,	PUNCT
iiclr-17591	2373	10	recognize	recognize	VERB
iiclr-17591	2373	11	the	the	DET
iiclr-17591	2373	12	validity	validity	NOUN
iiclr-17591	2373	13	of	of	ADP
iiclr-17591	2373	14	charter	charter	NOUN
iiclr-17591	2373	15	provisions	provision	NOUN
iiclr-17591	2373	16	that	that	PRON
iiclr-17591	2373	17	limit	limit	VERB
iiclr-17591	2373	18	liability	liability	NOUN
iiclr-17591	2373	19	for	for	ADP
iiclr-17591	2373	20	duty	duty	NOUN
iiclr-17591	2373	21	of	of	ADP
iiclr-17591	2373	22	care	care	NOUN
iiclr-17591	2373	23	violations	violation	NOUN
iiclr-17591	2373	24	.	.	PUNCT
iiclr-17591	2374	1	as	as	ADP
iiclr-17591	2374	2	an	an	DET
iiclr-17591	2374	3	example	example	NOUN
iiclr-17591	2374	4	of	of	ADP
iiclr-17591	2374	5	the	the	DET
iiclr-17591	2374	6	disfavor	disfavor	NOUN
iiclr-17591	2374	7	of	of	ADP
iiclr-17591	2374	8	american	american	ADJ
iiclr-17591	2374	9	scholars	scholar	NOUN
iiclr-17591	2374	10	towards	towards	ADP
iiclr-17591	2374	11	derivative	derivative	ADJ
iiclr-17591	2374	12	actions	action	NOUN
iiclr-17591	2374	13	alleging	allege	VERB
iiclr-17591	2374	14	only	only	ADV
iiclr-17591	2374	15	due	due	ADJ
iiclr-17591	2374	16	care	care	NOUN
iiclr-17591	2374	17	violations	violation	NOUN
iiclr-17591	2374	18	see	see	VERB
iiclr-17591	2374	19	2	2	NUM
iiclr-17591	2374	20	american	american	PROPN
iiclr-17591	2374	21	law	law	PROPN
iiclr-17591	2374	22	institute	institute	PROPN
iiclr-17591	2374	23	,	,	PUNCT
iiclr-17591	2374	24	supra	supra	PROPN
iiclr-17591	2374	25	note	note	PROPN
iiclr-17591	2374	26	235	235	NUM
iiclr-17591	2374	27	,	,	PUNCT
iiclr-17591	2374	28	§	§	PROPN
iiclr-17591	2374	29	7.10	7.10	NUM
iiclr-17591	2374	30	.	.	PUNCT
iiclr-17591	2375	1	the	the	DET
iiclr-17591	2375	2	introductory	introductory	ADJ
iiclr-17591	2375	3	note	note	NOUN
iiclr-17591	2376	1	[	[	X
iiclr-17591	2376	2	to	to	ADP
iiclr-17591	2376	3	the	the	DET
iiclr-17591	2376	4	chapter	chapter	NOUN
iiclr-17591	2376	5	on	on	ADP
iiclr-17591	2376	6	derivative	derivative	ADJ
iiclr-17591	2376	7	actions	action	NOUN
iiclr-17591	2376	8	]	]	PUNCT
iiclr-17591	2376	9	,	,	PUNCT
iiclr-17591	2376	10	states	state	VERB
iiclr-17591	2376	11	explicitly	explicitly	ADV
iiclr-17591	2376	12	that	that	SCONJ
iiclr-17591	2376	13	"	"	PUNCT
iiclr-17591	2376	14	a	a	DET
iiclr-17591	2376	15	basic	basic	ADJ
iiclr-17591	2376	16	distinction	distinction	NOUN
iiclr-17591	2376	17	is	be	AUX
iiclr-17591	2376	18	drawn	draw	VERB
iiclr-17591	2376	19	between	between	ADP
iiclr-17591	2376	20	the	the	DET
iiclr-17591	2376	21	duty	duty	NOUN
iiclr-17591	2376	22	of	of	ADP
iiclr-17591	2376	23	care	care	NOUN
iiclr-17591	2376	24	and	and	CCONJ
iiclr-17591	2376	25	the	the	DET
iiclr-17591	2376	26	duty	duty	NOUN
iiclr-17591	2376	27	of	of	ADP
iiclr-17591	2376	28	fair	fair	ADJ
iiclr-17591	2376	29	dealing	dealing	NOUN
iiclr-17591	2376	30	.	.	PUNCT
iiclr-17591	2377	1	given	give	VERB
iiclr-17591	2377	2	both	both	CCONJ
iiclr-17591	2377	3	the	the	DET
iiclr-17591	2377	4	evidence	evidence	NOUN
iiclr-17591	2377	5	that	that	SCONJ
iiclr-17591	2377	6	due	due	ADJ
iiclr-17591	2377	7	care	care	NOUN
iiclr-17591	2377	8	cases	case	NOUN
iiclr-17591	2377	9	rarely	rarely	ADV
iiclr-17591	2377	10	yield	yield	VERB
iiclr-17591	2377	11	more	more	ADJ
iiclr-17591	2377	12	than	than	ADP
iiclr-17591	2377	13	modest	modest	ADJ
iiclr-17591	2377	14	financial	financial	ADJ
iiclr-17591	2377	15	recoveries	recovery	NOUN
iiclr-17591	2377	16	to	to	ADP
iiclr-17591	2377	17	the	the	DET
iiclr-17591	2377	18	corporation	corporation	NOUN
iiclr-17591	2377	19	.	.	PUNCT
iiclr-17591	2377	20	.	.	PUNCT
iiclr-17591	2377	21	.	.	PUNCT
iiclr-17591	2378	1	and	and	CCONJ
iiclr-17591	2378	2	the	the	DET
iiclr-17591	2378	3	availability	availability	NOUN
iiclr-17591	2378	4	of	of	ADP
iiclr-17591	2378	5	other	other	ADJ
iiclr-17591	2378	6	mechanisms	mechanism	NOUN
iiclr-17591	2378	7	of	of	ADP
iiclr-17591	2378	8	accountability	accountability	NOUN
iiclr-17591	2378	9	,	,	PUNCT
iiclr-17591	2378	10	§	§	PROPN
iiclr-17591	2378	11	7.10(a)(1	7.10(a)(1	NUM
iiclr-17591	2378	12	)	)	PUNCT
iiclr-17591	2378	13	provides	provide	VERB
iiclr-17591	2378	14	that	that	SCONJ
iiclr-17591	2378	15	a	a	DET
iiclr-17591	2378	16	derivative	derivative	ADJ
iiclr-17591	2378	17	action	action	NOUN
iiclr-17591	2378	18	alleging	allege	VERB
iiclr-17591	2378	19	only	only	ADV
iiclr-17591	2378	20	due	due	ADJ
iiclr-17591	2378	21	care	care	NOUN
iiclr-17591	2378	22	violations	violation	NOUN
iiclr-17591	2378	23	...	...	PUNCT
iiclr-17591	2378	24	can	can	AUX
iiclr-17591	2378	25	be	be	AUX
iiclr-17591	2378	26	terminated	terminate	VERB
iiclr-17591	2378	27	by	by	ADP
iiclr-17591	2378	28	the	the	DET
iiclr-17591	2378	29	board	board	PROPN
iiclr-17591	2378	30	or	or	CCONJ
iiclr-17591	2378	31	committee	committee	NOUN
iiclr-17591	2378	32	subject	subject	NOUN
iiclr-17591	2378	33	only	only	ADV
iiclr-17591	2378	34	to	to	ADP
iiclr-17591	2378	35	judicial	judicial	ADJ
iiclr-17591	2378	36	review	review	NOUN
iiclr-17591	2378	37	for	for	ADP
iiclr-17591	2378	38	compliance	compliance	NOUN
iiclr-17591	2378	39	with	with	ADP
iiclr-17591	2378	40	certain	certain	ADJ
iiclr-17591	2378	41	minimal	minimal	ADJ
iiclr-17591	2378	42	procedures	procedure	NOUN
iiclr-17591	2378	43	and	and	CCONJ
iiclr-17591	2378	44	the	the	DET
iiclr-17591	2378	45	business	business	NOUN
iiclr-17591	2378	46	judgment	judgment	NOUN
iiclr-17591	2378	47	rule	rule	NOUN
iiclr-17591	2378	48	.	.	PUNCT
iiclr-17591	2378	49	"	"	PUNCT
iiclr-17591	2379	1	(	(	PUNCT
iiclr-17591	2379	2	i	i	NOUN
iiclr-17591	2379	3	d	d	PROPN
iiclr-17591	2379	4	at	at	ADP
iiclr-17591	2379	5	6	6	NUM
iiclr-17591	2379	6	-	-	SYM
iiclr-17591	2379	7	7	7	NUM
iiclr-17591	2379	8	)	)	PUNCT
iiclr-17591	2379	9	.	.	PUNCT
iiclr-17591	2380	1	281	281	NUM
iiclr-17591	2380	2	.	.	PUNCT
iiclr-17591	2381	1	for	for	ADP
iiclr-17591	2381	2	an	an	DET
iiclr-17591	2381	3	example	example	NOUN
iiclr-17591	2381	4	of	of	ADP
iiclr-17591	2381	5	wealth	wealth	NOUN
iiclr-17591	2381	6	transfer	transfer	NOUN
iiclr-17591	2381	7	allegedly	allegedly	ADV
iiclr-17591	2381	8	resulting	result	VERB
iiclr-17591	2381	9	from	from	ADP
iiclr-17591	2381	10	a	a	DET
iiclr-17591	2381	11	merger	merger	NOUN
iiclr-17591	2381	12	between	between	ADP
iiclr-17591	2381	13	parent	parent	NOUN
iiclr-17591	2381	14	and	and	CCONJ
iiclr-17591	2381	15	subsidiary	subsidiary	NOUN
iiclr-17591	2381	16	with	with	ADP
iiclr-17591	2381	17	an	an	DET
iiclr-17591	2381	18	unfair	unfair	ADJ
iiclr-17591	2381	19	stock	stock	NOUN
iiclr-17591	2381	20	-	-	PUNCT
iiclr-17591	2381	21	for	for	ADP
iiclr-17591	2381	22	-	-	PUNCT
iiclr-17591	2381	23	stock	stock	NOUN
iiclr-17591	2381	24	ratio	ratio	NOUN
iiclr-17591	2381	25	,	,	PUNCT
iiclr-17591	2381	26	see	see	VERB
iiclr-17591	2381	27	judgment	judgment	NOUN
iiclr-17591	2381	28	of	of	ADP
iiclr-17591	2381	29	apr	apr	PROPN
iiclr-17591	2381	30	.	.	PROPN
iiclr-17591	2381	31	26	26	NUM
iiclr-17591	2381	32	,	,	PUNCT
iiclr-17591	2381	33	1993	1993	NUM
iiclr-17591	2381	34	,	,	PUNCT
iiclr-17591	2381	35	tribunal	tribunal	NOUN
iiclr-17591	2381	36	of	of	ADP
iiclr-17591	2381	37	perugia	perugia	PROPN
iiclr-17591	2381	38	,	,	PUNCT
iiclr-17591	2381	39	1994	1994	NUM
iiclr-17591	2381	40	foro	foro	PROPN
iiclr-17591	2381	41	rraliano	rraliano	VERB
iiclr-17591	2381	42	i	i	PRON
iiclr-17591	2381	43	,	,	PUNCT
iiclr-17591	2381	44	261	261	NUM
iiclr-17591	2381	45	(	(	PUNCT
iiclr-17591	2381	46	upholding	uphold	VERB
iiclr-17591	2381	47	the	the	DET
iiclr-17591	2381	48	chosen	choose	VERB
iiclr-17591	2381	49	stock	stock	NOUN
iiclr-17591	2381	50	-	-	PUNCT
iiclr-17591	2381	51	for	for	ADP
iiclr-17591	2381	52	-	-	PUNCT
iiclr-17591	2381	53	stock	stock	NOUN
iiclr-17591	2381	54	ratio	ratio	NOUN
iiclr-17591	2381	55	as	as	ADP
iiclr-17591	2381	56	fair	fair	ADJ
iiclr-17591	2381	57	)	)	PUNCT
iiclr-17591	2381	58	.	.	PUNCT
iiclr-17591	2382	1	282	282	NUM
iiclr-17591	2382	2	.	.	PUNCT
iiclr-17591	2382	3	reputation	reputation	NOUN
iiclr-17591	2382	4	as	as	ADP
iiclr-17591	2382	5	a	a	DET
iiclr-17591	2382	6	constraint	constraint	NOUN
iiclr-17591	2382	7	against	against	ADP
iiclr-17591	2382	8	opportunistic	opportunistic	ADJ
iiclr-17591	2382	9	behavior	behavior	NOUN
iiclr-17591	2382	10	is	be	AUX
iiclr-17591	2382	11	stressed	stress	VERB
iiclr-17591	2382	12	,	,	PUNCT
iiclr-17591	2382	13	for	for	ADP
iiclr-17591	2382	14	instance	instance	NOUN
iiclr-17591	2382	15	,	,	PUNCT
iiclr-17591	2382	16	by	by	ADP
iiclr-17591	2382	17	benjamin	benjamin	PROPN
iiclr-17591	2382	18	klein	klein	PROPN
iiclr-17591	2382	19	,	,	PUNCT
iiclr-17591	2382	20	transaction	transaction	NOUN
iiclr-17591	2382	21	costs	cost	VERB
iiclr-17591	2382	22	determinants	determinant	NOUN
iiclr-17591	2382	23	of	of	ADP
iiclr-17591	2382	24	"	"	PUNCT
iiclr-17591	2382	25	unfair	unfair	ADJ
iiclr-17591	2382	26	"	"	PUNCT
iiclr-17591	2382	27	contractual	contractual	ADJ
iiclr-17591	2382	28	arrangements	arrangement	NOUN
iiclr-17591	2382	29	,	,	PUNCT
iiclr-17591	2382	30	70	70	NUM
iiclr-17591	2382	31	american	american	ADJ
iiclr-17591	2382	32	economic	economic	PROPN
iiclr-17591	2382	33	review	review	PROPN
iiclr-17591	2382	34	:	:	PUNCT
iiclr-17591	2382	35	papers	paper	NOUN
iiclr-17591	2382	36	and	and	CCONJ
iiclr-17591	2382	37	proceedings	proceeding	NOUN
iiclr-17591	2382	38	356	356	NUM
iiclr-17591	2382	39	(	(	PUNCT
iiclr-17591	2382	40	1980	1980	NUM
iiclr-17591	2382	41	)	)	PUNCT
iiclr-17591	2382	42	,	,	PUNCT
iiclr-17591	2382	43	reprinted	reprint	VERB
iiclr-17591	2382	44	in	in	ADP
iiclr-17591	2382	45	goldberg	goldberg	PROPN
iiclr-17591	2382	46	,	,	PUNCT
iiclr-17591	2382	47	supra	supra	PROPN
iiclr-17591	2382	48	note	note	PROPN
iiclr-17591	2382	49	228	228	NUM
iiclr-17591	2382	50	,	,	PUNCT
iiclr-17591	2382	51	at	at	ADP
iiclr-17591	2382	52	139	139	NUM
iiclr-17591	2382	53	,	,	PUNCT
iiclr-17591	2382	54	145	145	NUM
iiclr-17591	2382	55	-	-	SYM
iiclr-17591	2382	56	46	46	NUM
iiclr-17591	2382	57	(	(	PUNCT
iiclr-17591	2382	58	1989	1989	NUM
iiclr-17591	2382	59	)	)	PUNCT
iiclr-17591	2382	60	.	.	PUNCT
iiclr-17591	2383	1	1995	1995	NUM
iiclr-17591	2383	2	]	]	X
iiclr-17591	2383	3	ind	ind	NOUN
iiclr-17591	2383	4	.	.	PUNCT
iiclr-17591	2384	1	int'l	int'l	PROPN
iiclr-17591	2384	2	&	&	CCONJ
iiclr-17591	2384	3	comp	comp	PROPN
iiclr-17591	2384	4	.	.	PUNCT
iiclr-17591	2385	1	l	l	PROPN
iiclr-17591	2385	2	rev	rev	PROPN
iiclr-17591	2385	3	.	.	PROPN
iiclr-17591	2385	4	interest	interest	NOUN
iiclr-17591	2385	5	,	,	PUNCT
iiclr-17591	2385	6	and	and	CCONJ
iiclr-17591	2385	7	the	the	DET
iiclr-17591	2385	8	prospect	prospect	NOUN
iiclr-17591	2385	9	of	of	ADP
iiclr-17591	2385	10	bankruptcy	bankruptcy	NOUN
iiclr-17591	2385	11	if	if	SCONJ
iiclr-17591	2385	12	the	the	DET
iiclr-17591	2385	13	transfer	transfer	NOUN
iiclr-17591	2385	14	of	of	ADP
iiclr-17591	2385	15	wealth	wealth	NOUN
iiclr-17591	2385	16	threatens	threaten	VERB
iiclr-17591	2385	17	the	the	DET
iiclr-17591	2385	18	solvency	solvency	NOUN
iiclr-17591	2385	19	of	of	ADP
iiclr-17591	2385	20	the	the	DET
iiclr-17591	2385	21	company	company	NOUN
iiclr-17591	2385	22	.	.	PUNCT
iiclr-17591	2386	1	8	8	NUM
iiclr-17591	2386	2	3	3	NUM
iiclr-17591	2386	3	none	none	NOUN
iiclr-17591	2386	4	of	of	ADP
iiclr-17591	2386	5	these	these	DET
iiclr-17591	2386	6	incentives	incentive	NOUN
iiclr-17591	2386	7	or	or	CCONJ
iiclr-17591	2386	8	deterrents	deterrent	NOUN
iiclr-17591	2386	9	,	,	PUNCT
iiclr-17591	2386	10	however	however	ADV
iiclr-17591	2386	11	,	,	PUNCT
iiclr-17591	2386	12	completely	completely	ADV
iiclr-17591	2386	13	protects	protect	VERB
iiclr-17591	2386	14	minority	minority	NOUN
iiclr-17591	2386	15	shareholders	shareholder	NOUN
iiclr-17591	2386	16	from	from	ADP
iiclr-17591	2386	17	being	be	AUX
iiclr-17591	2386	18	expropriated	expropriate	VERB
iiclr-17591	2386	19	.	.	PUNCT
iiclr-17591	2387	1	first	first	ADV
iiclr-17591	2387	2	,	,	PUNCT
iiclr-17591	2387	3	reputation	reputation	NOUN
iiclr-17591	2387	4	may	may	AUX
iiclr-17591	2387	5	not	not	PART
iiclr-17591	2387	6	work	work	VERB
iiclr-17591	2387	7	effectively	effectively	ADV
iiclr-17591	2387	8	in	in	ADP
iiclr-17591	2387	9	a	a	DET
iiclr-17591	2387	10	bilateral	bilateral	ADJ
iiclr-17591	2387	11	monopoly	monopoly	NOUN
iiclr-17591	2387	12	relationship	relationship	NOUN
iiclr-17591	2387	13	,	,	PUNCT
iiclr-17591	2387	14	as	as	SCONJ
iiclr-17591	2387	15	the	the	DET
iiclr-17591	2387	16	relationship	relationship	NOUN
iiclr-17591	2387	17	often	often	ADV
iiclr-17591	2387	18	is	be	AUX
iiclr-17591	2387	19	between	between	ADP
iiclr-17591	2387	20	owners	owner	NOUN
iiclr-17591	2387	21	-	-	PUNCT
iiclr-17591	2387	22	managers	manager	NOUN
iiclr-17591	2387	23	and	and	CCONJ
iiclr-17591	2387	24	minority	minority	NOUN
iiclr-17591	2387	25	shareholders	shareholder	NOUN
iiclr-17591	2387	26	.	.	PUNCT
iiclr-17591	2388	1	moreover	moreover	ADV
iiclr-17591	2388	2	,	,	PUNCT
iiclr-17591	2388	3	criminal	criminal	ADJ
iiclr-17591	2388	4	sanctions	sanction	NOUN
iiclr-17591	2388	5	imposed	impose	VERB
iiclr-17591	2388	6	for	for	ADP
iiclr-17591	2388	7	acts	act	NOUN
iiclr-17591	2388	8	in	in	ADP
iiclr-17591	2388	9	conflict	conflict	NOUN
iiclr-17591	2388	10	of	of	ADP
iiclr-17591	2388	11	interest	interest	NOUN
iiclr-17591	2388	12	do	do	AUX
iiclr-17591	2388	13	not	not	PART
iiclr-17591	2388	14	cover	cover	VERB
iiclr-17591	2388	15	all	all	DET
iiclr-17591	2388	16	possible	possible	ADJ
iiclr-17591	2388	17	situations	situation	NOUN
iiclr-17591	2388	18	of	of	ADP
iiclr-17591	2388	19	conflict	conflict	NOUN
iiclr-17591	2388	20	,	,	PUNCT
iiclr-17591	2388	21	"	"	PUNCT
iiclr-17591	2388	22	4	4	NUM
iiclr-17591	2388	23	and	and	CCONJ
iiclr-17591	2388	24	criminal	criminal	ADJ
iiclr-17591	2388	25	courts	court	NOUN
iiclr-17591	2388	26	are	be	AUX
iiclr-17591	2388	27	simply	simply	ADV
iiclr-17591	2388	28	not	not	PART
iiclr-17591	2388	29	an	an	DET
iiclr-17591	2388	30	adequate	adequate	ADJ
iiclr-17591	2388	31	forum	forum	NOUN
iiclr-17591	2388	32	to	to	PART
iiclr-17591	2388	33	solve	solve	VERB
iiclr-17591	2388	34	the	the	DET
iiclr-17591	2388	35	largest	large	ADJ
iiclr-17591	2388	36	part	part	NOUN
iiclr-17591	2388	37	of	of	ADP
iiclr-17591	2388	38	the	the	DET
iiclr-17591	2388	39	disputes	dispute	NOUN
iiclr-17591	2388	40	among	among	ADP
iiclr-17591	2388	41	shareholders	shareholder	NOUN
iiclr-17591	2388	42	.	.	PUNCT
iiclr-17591	2389	1	finally	finally	ADV
iiclr-17591	2389	2	,	,	PUNCT
iiclr-17591	2389	3	the	the	DET
iiclr-17591	2389	4	prospect	prospect	NOUN
iiclr-17591	2389	5	of	of	ADP
iiclr-17591	2389	6	insolvency	insolvency	NOUN
iiclr-17591	2389	7	,	,	PUNCT
iiclr-17591	2389	8	by	by	ADP
iiclr-17591	2389	9	definition	definition	NOUN
iiclr-17591	2389	10	,	,	PUNCT
iiclr-17591	2389	11	does	do	AUX
iiclr-17591	2389	12	not	not	PART
iiclr-17591	2389	13	discourage	discourage	VERB
iiclr-17591	2389	14	wealth	wealth	NOUN
iiclr-17591	2389	15	transfers	transfer	NOUN
iiclr-17591	2389	16	rationally	rationally	ADV
iiclr-17591	2389	17	calculated	calculate	VERB
iiclr-17591	2389	18	as	as	ADP
iiclr-17591	2389	19	non	non	ADJ
iiclr-17591	2389	20	-	-	ADJ
iiclr-17591	2389	21	solvency	solvency	ADJ
iiclr-17591	2389	22	threatening.25	threatening.25	NOUN
iiclr-17591	2389	23	it	it	PRON
iiclr-17591	2389	24	is	be	AUX
iiclr-17591	2389	25	clear	clear	ADJ
iiclr-17591	2389	26	that	that	SCONJ
iiclr-17591	2389	27	derivative	derivative	ADJ
iiclr-17591	2389	28	suits	suit	NOUN
iiclr-17591	2389	29	for	for	ADP
iiclr-17591	2389	30	violations	violation	NOUN
iiclr-17591	2389	31	of	of	ADP
iiclr-17591	2389	32	loyalty	loyalty	NOUN
iiclr-17591	2389	33	duties	duty	NOUN
iiclr-17591	2389	34	could	could	AUX
iiclr-17591	2389	35	effectively	effectively	ADV
iiclr-17591	2389	36	integrate	integrate	VERB
iiclr-17591	2389	37	the	the	DET
iiclr-17591	2389	38	set	set	NOUN
iiclr-17591	2389	39	of	of	ADP
iiclr-17591	2389	40	incentives	incentive	NOUN
iiclr-17591	2389	41	and	and	CCONJ
iiclr-17591	2389	42	deterrents	deterrent	NOUN
iiclr-17591	2389	43	that	that	PRON
iiclr-17591	2389	44	directors	director	NOUN
iiclr-17591	2389	45	of	of	ADP
iiclr-17591	2389	46	italian	italian	ADJ
iiclr-17591	2389	47	companies	company	NOUN
iiclr-17591	2389	48	presently	presently	ADV
iiclr-17591	2389	49	have.286	have.286	PROPN
iiclr-17591	2389	50	e.	e.	PROPN
iiclr-17591	2389	51	the	the	DET
iiclr-17591	2389	52	consequences	consequence	NOUN
iiclr-17591	2389	53	of	of	ADP
iiclr-17591	2389	54	the	the	DET
iiclr-17591	2389	55	problematic	problematic	ADJ
iiclr-17591	2389	56	enforcement	enforcement	NOUN
iiclr-17591	2389	57	of	of	ADP
iiclr-17591	2389	58	the	the	DET
iiclr-17591	2389	59	duty	duty	NOUN
iiclr-17591	2389	60	of	of	ADP
iiclr-17591	2389	61	loyalty	loyalty	NOUN
iiclr-17591	2389	62	.	.	PUNCT
iiclr-17591	2390	1	we	we	PRON
iiclr-17591	2390	2	have	have	VERB
iiclr-17591	2390	3	to	to	PART
iiclr-17591	2390	4	keep	keep	VERB
iiclr-17591	2390	5	in	in	ADP
iiclr-17591	2390	6	mind	mind	NOUN
iiclr-17591	2390	7	that	that	SCONJ
iiclr-17591	2390	8	in	in	ADP
iiclr-17591	2390	9	talking	talk	VERB
iiclr-17591	2390	10	about	about	ADP
iiclr-17591	2390	11	rights	right	NOUN
iiclr-17591	2390	12	of	of	ADP
iiclr-17591	2390	13	minority	minority	NOUN
iiclr-17591	2390	14	shareholders	shareholder	NOUN
iiclr-17591	2390	15	,	,	PUNCT
iiclr-17591	2390	16	we	we	PRON
iiclr-17591	2390	17	are	be	AUX
iiclr-17591	2390	18	nonetheless	nonetheless	ADV
iiclr-17591	2390	19	dealing	deal	VERB
iiclr-17591	2390	20	with	with	ADP
iiclr-17591	2390	21	purely	purely	ADV
iiclr-17591	2390	22	economic	economic	ADJ
iiclr-17591	2390	23	matters	matter	NOUN
iiclr-17591	2390	24	.	.	PUNCT
iiclr-17591	2391	1	having	having	AUX
iiclr-17591	2391	2	found	find	VERB
iiclr-17591	2391	3	that	that	SCONJ
iiclr-17591	2391	4	enforcing	enforce	VERB
iiclr-17591	2391	5	the	the	DET
iiclr-17591	2391	6	directors	director	NOUN
iiclr-17591	2391	7	'	'	PART
iiclr-17591	2391	8	duty	duty	NOUN
iiclr-17591	2391	9	of	of	ADP
iiclr-17591	2391	10	loyalty	loyalty	NOUN
iiclr-17591	2391	11	is	be	AUX
iiclr-17591	2391	12	problematic	problematic	ADJ
iiclr-17591	2391	13	for	for	ADP
iiclr-17591	2391	14	minority	minority	NOUN
iiclr-17591	2391	15	shareholders	shareholder	NOUN
iiclr-17591	2391	16	,	,	PUNCT
iiclr-17591	2391	17	a	a	DET
iiclr-17591	2391	18	judgment	judgment	NOUN
iiclr-17591	2391	19	of	of	ADP
iiclr-17591	2391	20	inefficiency	inefficiency	NOUN
iiclr-17591	2391	21	does	do	AUX
iiclr-17591	2391	22	not	not	PART
iiclr-17591	2391	23	follow	follow	VERB
iiclr-17591	2391	24	per	per	ADV
iiclr-17591	2391	25	se	se	X
iiclr-17591	2391	26	.	.	PUNCT
iiclr-17591	2392	1	it	it	PRON
iiclr-17591	2392	2	may	may	AUX
iiclr-17591	2392	3	well	well	ADV
iiclr-17591	2392	4	be	be	AUX
iiclr-17591	2392	5	that	that	SCONJ
iiclr-17591	2392	6	allowing	allow	VERB
iiclr-17591	2392	7	majority	majority	NOUN
iiclr-17591	2392	8	shareholders	shareholder	NOUN
iiclr-17591	2392	9	a	a	DET
iiclr-17591	2392	10	certain	certain	ADJ
iiclr-17591	2392	11	degree	degree	NOUN
iiclr-17591	2392	12	of	of	ADP
iiclr-17591	2392	13	freedom	freedom	NOUN
iiclr-17591	2392	14	to	to	PART
iiclr-17591	2392	15	expropriate	expropriate	VERB
iiclr-17591	2392	16	corporate	corporate	ADJ
iiclr-17591	2392	17	wealth	wealth	NOUN
iiclr-17591	2392	18	is	be	AUX
iiclr-17591	2392	19	efficient	efficient	ADJ
iiclr-17591	2392	20	,	,	PUNCT
iiclr-17591	2392	21	or	or	CCONJ
iiclr-17591	2392	22	that	that	SCONJ
iiclr-17591	2392	23	minority	minority	NOUN
iiclr-17591	2392	24	shareholders	shareholder	NOUN
iiclr-17591	2392	25	are	be	AUX
iiclr-17591	2392	26	able	able	ADJ
iiclr-17591	2392	27	to	to	PART
iiclr-17591	2392	28	discount	discount	VERB
iiclr-17591	2392	29	fully	fully	ADV
iiclr-17591	2392	30	the	the	DET
iiclr-17591	2392	31	loss	loss	NOUN
iiclr-17591	2392	32	in	in	ADP
iiclr-17591	2392	33	value	value	NOUN
iiclr-17591	2392	34	of	of	ADP
iiclr-17591	2392	35	the	the	DET
iiclr-17591	2392	36	shares	share	NOUN
iiclr-17591	2392	37	they	they	PRON
iiclr-17591	2392	38	buy	buy	VERB
iiclr-17591	2392	39	that	that	DET
iiclr-17591	2392	40	results	result	NOUN
iiclr-17591	2392	41	from	from	ADP
iiclr-17591	2392	42	such	such	ADJ
iiclr-17591	2392	43	freedom	freedom	NOUN
iiclr-17591	2392	44	,	,	PUNCT
iiclr-17591	2392	45	283	283	NUM
iiclr-17591	2392	46	.	.	PUNCT
iiclr-17591	2393	1	not	not	PART
iiclr-17591	2393	2	only	only	ADV
iiclr-17591	2393	3	is	be	AUX
iiclr-17591	2393	4	bankruptcy	bankruptcy	NOUN
iiclr-17591	2393	5	an	an	DET
iiclr-17591	2393	6	event	event	NOUN
iiclr-17591	2393	7	that	that	SCONJ
iiclr-17591	2393	8	directors	director	NOUN
iiclr-17591	2393	9	and	and	CCONJ
iiclr-17591	2393	10	managers	manager	NOUN
iiclr-17591	2393	11	are	be	AUX
iiclr-17591	2393	12	normally	normally	ADV
iiclr-17591	2393	13	likely	likely	ADJ
iiclr-17591	2393	14	to	to	PART
iiclr-17591	2393	15	try	try	VERB
iiclr-17591	2393	16	to	to	PART
iiclr-17591	2393	17	avoid	avoid	VERB
iiclr-17591	2393	18	as	as	SCONJ
iiclr-17591	2393	19	it	it	PRON
iiclr-17591	2393	20	imperils	imperil	VERB
iiclr-17591	2393	21	their	their	PRON
iiclr-17591	2393	22	posts	post	NOUN
iiclr-17591	2393	23	,	,	PUNCT
iiclr-17591	2393	24	but	but	CCONJ
iiclr-17591	2393	25	also	also	ADV
iiclr-17591	2393	26	italian	italian	ADJ
iiclr-17591	2393	27	bankruptcy	bankruptcy	NOUN
iiclr-17591	2393	28	law	law	NOUN
iiclr-17591	2393	29	,	,	PUNCT
iiclr-17591	2393	30	although	although	SCONJ
iiclr-17591	2393	31	scarcely	scarcely	ADV
iiclr-17591	2393	32	efficient	efficient	ADJ
iiclr-17591	2393	33	,	,	PUNCT
iiclr-17591	2393	34	is	be	AUX
iiclr-17591	2393	35	particularly	particularly	ADV
iiclr-17591	2393	36	severe	severe	ADJ
iiclr-17591	2393	37	with	with	ADP
iiclr-17591	2393	38	entrepreneurs	entrepreneur	NOUN
iiclr-17591	2393	39	and	and	CCONJ
iiclr-17591	2393	40	with	with	ADP
iiclr-17591	2393	41	directors	director	NOUN
iiclr-17591	2393	42	of	of	ADP
iiclr-17591	2393	43	bankrupt	bankrupt	ADJ
iiclr-17591	2393	44	companies	company	NOUN
iiclr-17591	2393	45	.	.	PUNCT
iiclr-17591	2394	1	as	as	SCONJ
iiclr-17591	2394	2	we	we	PRON
iiclr-17591	2394	3	have	have	AUX
iiclr-17591	2394	4	seen	see	VERB
iiclr-17591	2394	5	,	,	PUNCT
iiclr-17591	2394	6	directors	director	NOUN
iiclr-17591	2394	7	may	may	AUX
iiclr-17591	2394	8	quite	quite	ADV
iiclr-17591	2394	9	easily	easily	ADV
iiclr-17591	2394	10	face	face	VERB
iiclr-17591	2394	11	liability	liability	NOUN
iiclr-17591	2394	12	suits	suit	NOUN
iiclr-17591	2394	13	brought	bring	VERB
iiclr-17591	2394	14	by	by	ADP
iiclr-17591	2394	15	trustees	trustee	NOUN
iiclr-17591	2394	16	,	,	PUNCT
iiclr-17591	2394	17	against	against	ADP
iiclr-17591	2394	18	which	which	PRON
iiclr-17591	2394	19	they	they	PRON
iiclr-17591	2394	20	have	have	VERB
iiclr-17591	2394	21	no	no	DET
iiclr-17591	2394	22	more	more	ADV
iiclr-17591	2394	23	procedural	procedural	ADJ
iiclr-17591	2394	24	protection	protection	NOUN
iiclr-17591	2394	25	.	.	PUNCT
iiclr-17591	2395	1	284	284	NUM
iiclr-17591	2395	2	.	.	PUNCT
iiclr-17591	2396	1	c.c	c.c	PROPN
iiclr-17591	2396	2	.	.	PROPN
iiclr-17591	2396	3	art	art	PROPN
iiclr-17591	2396	4	.	.	PUNCT
iiclr-17591	2397	1	2631	2631	NUM
iiclr-17591	2397	2	(	(	PUNCT
iiclr-17591	2397	3	italy	italy	PROPN
iiclr-17591	2397	4	)	)	PUNCT
iiclr-17591	2397	5	does	do	AUX
iiclr-17591	2397	6	impose	impose	VERB
iiclr-17591	2397	7	sanctions	sanction	NOUN
iiclr-17591	2397	8	on	on	ADP
iiclr-17591	2397	9	directors	director	NOUN
iiclr-17591	2397	10	acting	act	VERB
iiclr-17591	2397	11	in	in	ADP
iiclr-17591	2397	12	conflict	conflict	NOUN
iiclr-17591	2397	13	of	of	ADP
iiclr-17591	2397	14	interest	interest	NOUN
iiclr-17591	2397	15	,	,	PUNCT
iiclr-17591	2397	16	but	but	CCONJ
iiclr-17591	2397	17	its	its	PRON
iiclr-17591	2397	18	reach	reach	NOUN
iiclr-17591	2397	19	for	for	ADP
iiclr-17591	2397	20	a	a	DET
iiclr-17591	2397	21	series	series	NOUN
iiclr-17591	2397	22	of	of	ADP
iiclr-17591	2397	23	reasons	reason	NOUN
iiclr-17591	2397	24	not	not	PART
iiclr-17591	2397	25	discussed	discuss	VERB
iiclr-17591	2397	26	here	here	ADV
iiclr-17591	2397	27	is	be	AUX
iiclr-17591	2397	28	not	not	PART
iiclr-17591	2397	29	complete	complete	ADJ
iiclr-17591	2397	30	.	.	PUNCT
iiclr-17591	2398	1	285	285	NUM
iiclr-17591	2398	2	.	.	PUNCT
iiclr-17591	2399	1	see2	see2	PROPN
iiclr-17591	2399	2	american	american	PROPN
iiclr-17591	2399	3	lawinstrrute	lawinstrrute	PROPN
iiclr-17591	2399	4	,	,	PUNCT
iiclr-17591	2399	5	sura	sura	PROPN
iiclr-17591	2399	6	note	note	NOUN
iiclr-17591	2399	7	235	235	NUM
iiclr-17591	2399	8	,	,	PUNCT
iiclr-17591	2399	9	§	§	PROPN
iiclr-17591	2399	10	7.10	7.10	NUM
iiclr-17591	2399	11	.	.	PUNCT
iiclr-17591	2400	1	after	after	ADP
iiclr-17591	2400	2	describing	describe	VERB
iiclr-17591	2400	3	the	the	DET
iiclr-17591	2400	4	relative	relative	ADJ
iiclr-17591	2400	5	disfavor	disfavor	NOUN
iiclr-17591	2400	6	against	against	ADP
iiclr-17591	2400	7	derivative	derivative	ADJ
iiclr-17591	2400	8	action	action	NOUN
iiclr-17591	2400	9	alleging	allege	VERB
iiclr-17591	2400	10	only	only	ADV
iiclr-17591	2400	11	due	due	ADJ
iiclr-17591	2400	12	care	care	NOUN
iiclr-17591	2400	13	violations	violation	NOUN
iiclr-17591	2400	14	,	,	PUNCT
iiclr-17591	2400	15	the	the	DET
iiclr-17591	2400	16	introductory	introductory	ADJ
iiclr-17591	2400	17	note	note	NOUN
iiclr-17591	2400	18	goes	go	VERB
iiclr-17591	2400	19	on	on	ADP
iiclr-17591	2400	20	to	to	PART
iiclr-17591	2400	21	say	say	VERB
iiclr-17591	2400	22	:	:	PUNCT
iiclr-17591	2400	23	"	"	PUNCT
iiclr-17591	2400	24	conversely	conversely	ADV
iiclr-17591	2400	25	,	,	PUNCT
iiclr-17591	2400	26	in	in	ADP
iiclr-17591	2400	27	the	the	DET
iiclr-17591	2400	28	case	case	NOUN
iiclr-17591	2400	29	of	of	ADP
iiclr-17591	2400	30	an	an	DET
iiclr-17591	2400	31	action	action	NOUN
iiclr-17591	2400	32	alleging	allege	VERB
iiclr-17591	2400	33	a	a	DET
iiclr-17591	2400	34	breach	breach	NOUN
iiclr-17591	2400	35	of	of	ADP
iiclr-17591	2400	36	the	the	DET
iiclr-17591	2400	37	duty	duty	NOUN
iiclr-17591	2400	38	of	of	ADP
iiclr-17591	2400	39	fair	fair	ADJ
iiclr-17591	2400	40	dealing	dealing	NOUN
iiclr-17591	2400	41	,	,	PUNCT
iiclr-17591	2400	42	the	the	DET
iiclr-17591	2400	43	court	court	NOUN
iiclr-17591	2400	44	is	be	AUX
iiclr-17591	2400	45	permitted	permit	VERB
iiclr-17591	2400	46	to	to	PART
iiclr-17591	2400	47	review	review	VERB
iiclr-17591	2400	48	the	the	DET
iiclr-17591	2400	49	reasonableness	reasonableness	NOUN
iiclr-17591	2400	50	of	of	ADP
iiclr-17591	2400	51	the	the	DET
iiclr-17591	2400	52	board	board	NOUN
iiclr-17591	2400	53	's	's	PART
iiclr-17591	2400	54	determinations	determination	NOUN
iiclr-17591	2400	55	,	,	PUNCT
iiclr-17591	2400	56	as	as	ADV
iiclr-17591	2400	57	well	well	ADV
iiclr-17591	2400	58	as	as	ADP
iiclr-17591	2400	59	the	the	DET
iiclr-17591	2400	60	procedures	procedure	NOUN
iiclr-17591	2400	61	followed	follow	VERB
iiclr-17591	2400	62	and	and	CCONJ
iiclr-17591	2400	63	the	the	DET
iiclr-17591	2400	64	objectivity	objectivity	NOUN
iiclr-17591	2400	65	of	of	ADP
iiclr-17591	2400	66	the	the	DET
iiclr-17591	2400	67	decisionmaker	decisionmaker	NOUN
iiclr-17591	2400	68	.	.	PUNCT
iiclr-17591	2401	1	while	while	SCONJ
iiclr-17591	2401	2	limited	limit	VERB
iiclr-17591	2401	3	,	,	PUNCT
iiclr-17591	2401	4	the	the	DET
iiclr-17591	2401	5	authorization	authorization	NOUN
iiclr-17591	2401	6	of	of	ADP
iiclr-17591	2401	7	substantive	substantive	ADJ
iiclr-17591	2401	8	review	review	NOUN
iiclr-17591	2401	9	reflects	reflect	VERB
iiclr-17591	2401	10	the	the	DET
iiclr-17591	2401	11	greater	great	ADJ
iiclr-17591	2401	12	need	need	NOUN
iiclr-17591	2401	13	for	for	ADP
iiclr-17591	2401	14	judicial	judicial	ADJ
iiclr-17591	2401	15	oversight	oversight	NOUN
iiclr-17591	2401	16	in	in	ADP
iiclr-17591	2401	17	an	an	DET
iiclr-17591	2401	18	area	area	NOUN
iiclr-17591	2401	19	in	in	ADP
iiclr-17591	2401	20	which	which	PRON
iiclr-17591	2401	21	other	other	ADJ
iiclr-17591	2401	22	mechanisms	mechanism	NOUN
iiclr-17591	2401	23	of	of	ADP
iiclr-17591	2401	24	accountability	accountability	NOUN
iiclr-17591	2401	25	may	may	AUX
iiclr-17591	2401	26	be	be	AUX
iiclr-17591	2401	27	less	less	ADV
iiclr-17591	2401	28	able	able	ADJ
iiclr-17591	2401	29	to	to	PART
iiclr-17591	2401	30	prevent	prevent	VERB
iiclr-17591	2401	31	unfair	unfair	ADJ
iiclr-17591	2401	32	self	self	NOUN
iiclr-17591	2401	33	-	-	PUNCT
iiclr-17591	2401	34	dealing	deal	VERB
iiclr-17591	2401	35	and	and	CCONJ
iiclr-17591	2401	36	other	other	ADJ
iiclr-17591	2401	37	potential	potential	ADJ
iiclr-17591	2401	38	fiduciary	fiduciary	ADJ
iiclr-17591	2401	39	abuse	abuse	NOUN
iiclr-17591	2401	40	.	.	PUNCT
iiclr-17591	2401	41	"	"	PUNCT
iiclr-17591	2402	1	(	(	PUNCT
iiclr-17591	2402	2	i	i	PRON
iiclr-17591	2402	3	&	&	CCONJ
iiclr-17591	2402	4	at	at	ADP
iiclr-17591	2402	5	7	7	NUM
iiclr-17591	2402	6	)	)	PUNCT
iiclr-17591	2402	7	.	.	PUNCT
iiclr-17591	2403	1	286	286	NUM
iiclr-17591	2403	2	.	.	PUNCT
iiclr-17591	2404	1	"	"	PUNCT
iiclr-17591	2404	2	itlhe	itlhe	VERB
iiclr-17591	2404	3	derivative	derivative	ADJ
iiclr-17591	2404	4	action	action	NOUN
iiclr-17591	2404	5	may	may	AUX
iiclr-17591	2404	6	offer	offer	VERB
iiclr-17591	2404	7	the	the	DET
iiclr-17591	2404	8	only	only	ADJ
iiclr-17591	2404	9	effective	effective	ADJ
iiclr-17591	2404	10	remedy	remedy	NOUN
iiclr-17591	2404	11	in	in	ADP
iiclr-17591	2404	12	those	those	DET
iiclr-17591	2404	13	circumstances	circumstance	NOUN
iiclr-17591	2404	14	in	in	ADP
iiclr-17591	2404	15	which	which	PRON
iiclr-17591	2404	16	a	a	DET
iiclr-17591	2404	17	control	control	NOUN
iiclr-17591	2404	18	group	group	NOUN
iiclr-17591	2404	19	has	have	VERB
iiclr-17591	2404	20	the	the	DET
iiclr-17591	2404	21	ability	ability	NOUN
iiclr-17591	2404	22	to	to	PART
iiclr-17591	2404	23	engage	engage	VERB
iiclr-17591	2404	24	in	in	ADP
iiclr-17591	2404	25	self	self	NOUN
iiclr-17591	2404	26	-	-	PUNCT
iiclr-17591	2404	27	dealing	deal	VERB
iiclr-17591	2404	28	transactions	transaction	NOUN
iiclr-17591	2404	29	with	with	ADP
iiclr-17591	2404	30	the	the	DET
iiclr-17591	2404	31	corporation	corporation	NOUN
iiclr-17591	2404	32	.	.	PUNCT
iiclr-17591	2404	33	"	"	PUNCT
iiclr-17591	2405	1	2	2	NUM
iiclr-17591	2405	2	american	american	PROPN
iiclr-17591	2405	3	law	law	PROPN
iiclr-17591	2405	4	institute	institute	PROPN
iiclr-17591	2405	5	,	,	PUNCT
iiclr-17591	2405	6	supra	supra	PROPN
iiclr-17591	2405	7	note	note	PROPN
iiclr-17591	2405	8	235	235	NUM
iiclr-17591	2405	9	,	,	PUNCT
iiclr-17591	2405	10	7.10	7.10	NUM
iiclr-17591	2405	11	introductory	introductory	ADJ
iiclr-17591	2405	12	note	note	NOUN
iiclr-17591	2405	13	at	at	ADP
iiclr-17591	2405	14	5	5	NUM
iiclr-17591	2405	15	.	.	PUNCT
iiclr-17591	2406	1	[	[	X
iiclr-17591	2406	2	vol	vol	NOUN
iiclr-17591	2406	3	.	.	PUNCT
iiclr-17591	2407	1	6:1	6:1	NUM
iiclr-17591	2407	2	corporate	corporate	ADJ
iiclr-17591	2407	3	governance	governance	NOUN
iiclr-17591	2407	4	in	in	ADP
iiclr-17591	2407	5	italy	italy	PROPN
iiclr-17591	2407	6	thereby	thereby	ADV
iiclr-17591	2407	7	avoiding	avoid	VERB
iiclr-17591	2407	8	personal	personal	ADJ
iiclr-17591	2407	9	losses.2	losses.2	NOUN
iiclr-17591	2407	10	"	"	PUNCT
iiclr-17591	2407	11	in	in	ADP
iiclr-17591	2407	12	my	my	PRON
iiclr-17591	2407	13	view	view	NOUN
iiclr-17591	2407	14	,	,	PUNCT
iiclr-17591	2407	15	this	this	PRON
iiclr-17591	2407	16	is	be	AUX
iiclr-17591	2407	17	not	not	PART
iiclr-17591	2407	18	the	the	DET
iiclr-17591	2407	19	case	case	NOUN
iiclr-17591	2407	20	.	.	PUNCT
iiclr-17591	2408	1	first	first	ADV
iiclr-17591	2408	2	,	,	PUNCT
iiclr-17591	2408	3	capital	capital	NOUN
iiclr-17591	2408	4	markets	market	NOUN
iiclr-17591	2408	5	are	be	AUX
iiclr-17591	2408	6	not	not	PART
iiclr-17591	2408	7	perfectly	perfectly	ADV
iiclr-17591	2408	8	efficient	efficient	ADJ
iiclr-17591	2408	9	in	in	ADP
iiclr-17591	2408	10	anticipating	anticipate	VERB
iiclr-17591	2408	11	every	every	DET
iiclr-17591	2408	12	possible	possible	ADJ
iiclr-17591	2408	13	loss	loss	NOUN
iiclr-17591	2408	14	resulting	result	VERB
iiclr-17591	2408	15	from	from	ADP
iiclr-17591	2408	16	opportunistic	opportunistic	ADJ
iiclr-17591	2408	17	behavior	behavior	NOUN
iiclr-17591	2408	18	and	and	CCONJ
iiclr-17591	2408	19	markets	market	NOUN
iiclr-17591	2408	20	for	for	ADP
iiclr-17591	2408	21	equity	equity	NOUN
iiclr-17591	2408	22	ownership	ownership	NOUN
iiclr-17591	2408	23	of	of	ADP
iiclr-17591	2408	24	closely	closely	ADV
iiclr-17591	2408	25	held	hold	VERB
iiclr-17591	2408	26	companies	company	NOUN
iiclr-17591	2408	27	,	,	PUNCT
iiclr-17591	2408	28	so	so	ADV
iiclr-17591	2408	29	important	important	ADJ
iiclr-17591	2408	30	in	in	ADP
iiclr-17591	2408	31	the	the	DET
iiclr-17591	2408	32	italian	italian	ADJ
iiclr-17591	2408	33	industrial	industrial	ADJ
iiclr-17591	2408	34	landscape	landscape	NOUN
iiclr-17591	2408	35	,	,	PUNCT
iiclr-17591	2408	36	are	be	AUX
iiclr-17591	2408	37	not	not	PART
iiclr-17591	2408	38	efficient	efficient	ADJ
iiclr-17591	2408	39	at	at	ADV
iiclr-17591	2408	40	all	all	ADV
iiclr-17591	2408	41	.	.	PUNCT
iiclr-17591	2409	1	moreover	moreover	ADV
iiclr-17591	2409	2	,	,	PUNCT
iiclr-17591	2409	3	high	high	ADJ
iiclr-17591	2409	4	transaction	transaction	NOUN
iiclr-17591	2409	5	costs	cost	NOUN
iiclr-17591	2409	6	prevent	prevent	VERB
iiclr-17591	2409	7	shareholders	shareholder	NOUN
iiclr-17591	2409	8	from	from	ADP
iiclr-17591	2409	9	specifying	specify	VERB
iiclr-17591	2409	10	every	every	DET
iiclr-17591	2409	11	possible	possible	ADJ
iiclr-17591	2409	12	contingency	contingency	NOUN
iiclr-17591	2409	13	and	and	CCONJ
iiclr-17591	2409	14	effectively	effectively	ADV
iiclr-17591	2409	15	coping	cope	VERB
iiclr-17591	2409	16	with	with	ADP
iiclr-17591	2409	17	it	it	PRON
iiclr-17591	2409	18	.	.	PUNCT
iiclr-17591	2410	1	therefore	therefore	ADV
iiclr-17591	2410	2	,	,	PUNCT
iiclr-17591	2410	3	a	a	DET
iiclr-17591	2410	4	shareholder	shareholder	NOUN
iiclr-17591	2410	5	may	may	AUX
iiclr-17591	2410	6	be	be	AUX
iiclr-17591	2410	7	effectively	effectively	ADV
iiclr-17591	2410	8	expropriated	expropriate	VERB
iiclr-17591	2410	9	by	by	ADP
iiclr-17591	2410	10	acts	act	NOUN
iiclr-17591	2410	11	in	in	ADP
iiclr-17591	2410	12	conflict	conflict	NOUN
iiclr-17591	2410	13	of	of	ADP
iiclr-17591	2410	14	interest	interest	NOUN
iiclr-17591	2410	15	he	he	PRON
iiclr-17591	2410	16	did	do	AUX
iiclr-17591	2410	17	not	not	PART
iiclr-17591	2410	18	anticipate	anticipate	VERB
iiclr-17591	2410	19	or	or	CCONJ
iiclr-17591	2410	20	he	he	PRON
iiclr-17591	2410	21	anticipated	anticipate	VERB
iiclr-17591	2410	22	in	in	ADP
iiclr-17591	2410	23	a	a	DET
iiclr-17591	2410	24	lower	low	ADJ
iiclr-17591	2410	25	measure	measure	NOUN
iiclr-17591	2410	26	.	.	PUNCT
iiclr-17591	2411	1	the	the	DET
iiclr-17591	2411	2	resulting	result	VERB
iiclr-17591	2411	3	"	"	PUNCT
iiclr-17591	2411	4	unpleasant	unpleasant	ADJ
iiclr-17591	2411	5	"	"	PUNCT
iiclr-17591	2411	6	surprise	surprise	NOUN
iiclr-17591	2411	7	may	may	AUX
iiclr-17591	2411	8	well	well	ADV
iiclr-17591	2411	9	warrant	warrant	VERB
iiclr-17591	2411	10	the	the	DET
iiclr-17591	2411	11	case	case	NOUN
iiclr-17591	2411	12	for	for	ADP
iiclr-17591	2411	13	ex	ex	NOUN
iiclr-17591	2411	14	ante	ante	NOUN
iiclr-17591	2411	15	intervention	intervention	NOUN
iiclr-17591	2411	16	by	by	ADP
iiclr-17591	2411	17	the	the	DET
iiclr-17591	2411	18	law	law	NOUN
iiclr-17591	2411	19	.	.	PUNCT
iiclr-17591	2412	1	second	second	ADJ
iiclr-17591	2412	2	,	,	PUNCT
iiclr-17591	2412	3	even	even	ADV
iiclr-17591	2412	4	if	if	SCONJ
iiclr-17591	2412	5	shareholders	shareholder	NOUN
iiclr-17591	2412	6	were	be	AUX
iiclr-17591	2412	7	able	able	ADJ
iiclr-17591	2412	8	to	to	PART
iiclr-17591	2412	9	anticipate	anticipate	VERB
iiclr-17591	2412	10	losses	loss	NOUN
iiclr-17591	2412	11	from	from	ADP
iiclr-17591	2412	12	possible	possible	ADJ
iiclr-17591	2412	13	appropriations	appropriation	NOUN
iiclr-17591	2412	14	by	by	ADP
iiclr-17591	2412	15	owner	owner	NOUN
iiclr-17591	2412	16	-	-	PUNCT
iiclr-17591	2412	17	managers	manager	NOUN
iiclr-17591	2412	18	,	,	PUNCT
iiclr-17591	2412	19	a	a	DET
iiclr-17591	2412	20	"	"	PUNCT
iiclr-17591	2412	21	market	market	NOUN
iiclr-17591	2412	22	for	for	ADP
iiclr-17591	2412	23	lemons	lemon	NOUN
iiclr-17591	2412	24	"	"	PUNCT
iiclr-17591	2412	25	would	would	AUX
iiclr-17591	2412	26	follow	follow	VERB
iiclr-17591	2412	27	.	.	PUNCT
iiclr-17591	2413	1	88	88	NUM
iiclr-17591	2413	2	in	in	ADP
iiclr-17591	2413	3	a	a	DET
iiclr-17591	2413	4	market	market	NOUN
iiclr-17591	2413	5	dominated	dominate	VERB
iiclr-17591	2413	6	by	by	ADP
iiclr-17591	2413	7	uncertainty	uncertainty	NOUN
iiclr-17591	2413	8	on	on	ADP
iiclr-17591	2413	9	the	the	DET
iiclr-17591	2413	10	possible	possible	ADJ
iiclr-17591	2413	11	extent	extent	NOUN
iiclr-17591	2413	12	of	of	ADP
iiclr-17591	2413	13	future	future	ADJ
iiclr-17591	2413	14	expropriations	expropriation	NOUN
iiclr-17591	2413	15	by	by	ADP
iiclr-17591	2413	16	the	the	DET
iiclr-17591	2413	17	majority	majority	NOUN
iiclr-17591	2413	18	all	all	ADV
iiclr-17591	2413	19	outside	outside	ADV
iiclr-17591	2413	20	,	,	PUNCT
iiclr-17591	2413	21	minority	minority	NOUN
iiclr-17591	2413	22	equity	equity	NOUN
iiclr-17591	2413	23	would	would	AUX
iiclr-17591	2413	24	be	be	AUX
iiclr-17591	2413	25	traded	trade	VERB
iiclr-17591	2413	26	at	at	ADP
iiclr-17591	2413	27	a	a	DET
iiclr-17591	2413	28	value	value	NOUN
iiclr-17591	2413	29	that	that	PRON
iiclr-17591	2413	30	discounts	discount	VERB
iiclr-17591	2413	31	future	future	ADJ
iiclr-17591	2413	32	losses	loss	NOUN
iiclr-17591	2413	33	,	,	PUNCT
iiclr-17591	2413	34	even	even	ADV
iiclr-17591	2413	35	when	when	SCONJ
iiclr-17591	2413	36	imposing	impose	VERB
iiclr-17591	2413	37	such	such	ADJ
iiclr-17591	2413	38	losses	loss	NOUN
iiclr-17591	2413	39	,	,	PUNCT
iiclr-17591	2413	40	in	in	ADP
iiclr-17591	2413	41	fact	fact	NOUN
iiclr-17591	2413	42	,	,	PUNCT
iiclr-17591	2413	43	was	be	AUX
iiclr-17591	2413	44	not	not	PART
iiclr-17591	2413	45	the	the	DET
iiclr-17591	2413	46	intention	intention	NOUN
iiclr-17591	2413	47	of	of	ADP
iiclr-17591	2413	48	the	the	DET
iiclr-17591	2413	49	owner	owner	NOUN
iiclr-17591	2413	50	-	-	PUNCT
iiclr-17591	2413	51	managers	manager	NOUN
iiclr-17591	2413	52	.	.	PUNCT
iiclr-17591	2414	1	an	an	DET
iiclr-17591	2414	2	inefficient	inefficient	ADJ
iiclr-17591	2414	3	allocation	allocation	NOUN
iiclr-17591	2414	4	of	of	ADP
iiclr-17591	2414	5	capital	capital	NOUN
iiclr-17591	2414	6	would	would	AUX
iiclr-17591	2414	7	result	result	VERB
iiclr-17591	2414	8	.	.	PUNCT
iiclr-17591	2415	1	third	third	ADV
iiclr-17591	2415	2	,	,	PUNCT
iiclr-17591	2415	3	the	the	DET
iiclr-17591	2415	4	most	most	ADV
iiclr-17591	2415	5	likely	likely	ADJ
iiclr-17591	2415	6	consequence	consequence	NOUN
iiclr-17591	2415	7	of	of	ADP
iiclr-17591	2415	8	the	the	DET
iiclr-17591	2415	9	scarcity	scarcity	NOUN
iiclr-17591	2415	10	of	of	ADP
iiclr-17591	2415	11	effective	effective	ADJ
iiclr-17591	2415	12	monitoring	monitoring	NOUN
iiclr-17591	2415	13	powers	power	NOUN
iiclr-17591	2415	14	of	of	ADP
iiclr-17591	2415	15	the	the	DET
iiclr-17591	2415	16	minority	minority	NOUN
iiclr-17591	2415	17	is	be	AUX
iiclr-17591	2415	18	not	not	PART
iiclr-17591	2415	19	only	only	ADV
iiclr-17591	2415	20	the	the	DET
iiclr-17591	2415	21	discount	discount	NOUN
iiclr-17591	2415	22	of	of	ADP
iiclr-17591	2415	23	minority	minority	NOUN
iiclr-17591	2415	24	shares	share	NOUN
iiclr-17591	2415	25	,	,	PUNCT
iiclr-17591	2415	26	but	but	CCONJ
iiclr-17591	2415	27	also	also	ADV
iiclr-17591	2415	28	the	the	DET
iiclr-17591	2415	29	dead	dead	ADJ
iiclr-17591	2415	30	loss	loss	NOUN
iiclr-17591	2415	31	of	of	ADP
iiclr-17591	2415	32	synergies	synergy	NOUN
iiclr-17591	2415	33	between	between	ADP
iiclr-17591	2415	34	entrepreneurs	entrepreneur	NOUN
iiclr-17591	2415	35	,	,	PUNCT
iiclr-17591	2415	36	or	or	CCONJ
iiclr-17591	2415	37	between	between	ADP
iiclr-17591	2415	38	entrepreneurs	entrepreneur	NOUN
iiclr-17591	2415	39	and	and	CCONJ
iiclr-17591	2415	40	capital	capital	NOUN
iiclr-17591	2415	41	providers	provider	NOUN
iiclr-17591	2415	42	.	.	PUNCT
iiclr-17591	2416	1	in	in	ADP
iiclr-17591	2416	2	my	my	PRON
iiclr-17591	2416	3	view	view	NOUN
iiclr-17591	2416	4	,	,	PUNCT
iiclr-17591	2416	5	this	this	PRON
iiclr-17591	2416	6	is	be	AUX
iiclr-17591	2416	7	the	the	DET
iiclr-17591	2416	8	worst	bad	ADJ
iiclr-17591	2416	9	,	,	PUNCT
iiclr-17591	2416	10	and	and	CCONJ
iiclr-17591	2416	11	probably	probably	ADV
iiclr-17591	2416	12	the	the	PRON
iiclr-17591	2416	13	most	most	ADV
iiclr-17591	2416	14	realistic	realistic	ADJ
iiclr-17591	2416	15	,	,	PUNCT
iiclr-17591	2416	16	scenario	scenario	NOUN
iiclr-17591	2416	17	.	.	PUNCT
iiclr-17591	2417	1	facing	face	VERB
iiclr-17591	2417	2	the	the	DET
iiclr-17591	2417	3	difficulty	difficulty	NOUN
iiclr-17591	2417	4	of	of	ADP
iiclr-17591	2417	5	governing	govern	VERB
iiclr-17591	2417	6	future	future	ADJ
iiclr-17591	2417	7	conflicts	conflict	NOUN
iiclr-17591	2417	8	among	among	ADP
iiclr-17591	2417	9	them	they	PRON
iiclr-17591	2417	10	and	and	CCONJ
iiclr-17591	2417	11	of	of	ADP
iiclr-17591	2417	12	solving	solve	VERB
iiclr-17591	2417	13	such	such	ADJ
iiclr-17591	2417	14	conflicts	conflict	NOUN
iiclr-17591	2417	15	"	"	PUNCT
iiclr-17591	2417	16	fairly	fairly	ADV
iiclr-17591	2417	17	,	,	PUNCT
iiclr-17591	2417	18	"	"	PUNCT
iiclr-17591	2417	19	different	different	ADJ
iiclr-17591	2417	20	providers	provider	NOUN
iiclr-17591	2417	21	of	of	ADP
iiclr-17591	2417	22	factors	factor	NOUN
iiclr-17591	2417	23	of	of	ADP
iiclr-17591	2417	24	production	production	NOUN
iiclr-17591	2417	25	may	may	AUX
iiclr-17591	2417	26	well	well	ADV
iiclr-17591	2417	27	give	give	VERB
iiclr-17591	2417	28	up	up	ADP
iiclr-17591	2417	29	on	on	ADP
iiclr-17591	2417	30	the	the	DET
iiclr-17591	2417	31	possibility	possibility	NOUN
iiclr-17591	2417	32	of	of	ADP
iiclr-17591	2417	33	cooperating	cooperate	VERB
iiclr-17591	2417	34	.	.	PUNCT
iiclr-17591	2418	1	thus	thus	ADV
iiclr-17591	2418	2	,	,	PUNCT
iiclr-17591	2418	3	entrepreneurs	entrepreneur	NOUN
iiclr-17591	2418	4	may	may	AUX
iiclr-17591	2418	5	resort	resort	VERB
iiclr-17591	2418	6	to	to	ADP
iiclr-17591	2418	7	setting	set	VERB
iiclr-17591	2418	8	up	up	ADP
iiclr-17591	2418	9	smaller	small	ADJ
iiclr-17591	2418	10	,	,	PUNCT
iiclr-17591	2418	11	wholly	wholly	ADV
iiclr-17591	2418	12	owned	own	VERB
iiclr-17591	2418	13	firms	firm	NOUN
iiclr-17591	2418	14	,	,	PUNCT
iiclr-17591	2418	15	and	and	CCONJ
iiclr-17591	2418	16	capital	capital	NOUN
iiclr-17591	2418	17	providers	provider	NOUN
iiclr-17591	2418	18	may	may	AUX
iiclr-17591	2418	19	resort	resort	VERB
iiclr-17591	2418	20	to	to	ADP
iiclr-17591	2418	21	advancing	advance	VERB
iiclr-17591	2418	22	capital	capital	NOUN
iiclr-17591	2418	23	as	as	ADP
iiclr-17591	2418	24	loans	loan	NOUN
iiclr-17591	2418	25	or	or	CCONJ
iiclr-17591	2418	26	as	as	ADP
iiclr-17591	2418	27	equity	equity	NOUN
iiclr-17591	2418	28	fragmented	fragment	VERB
iiclr-17591	2418	29	across	across	ADP
iiclr-17591	2418	30	a	a	DET
iiclr-17591	2418	31	highly	highly	ADV
iiclr-17591	2418	32	diversified	diversified	ADJ
iiclr-17591	2418	33	portfolio	portfolio	NOUN
iiclr-17591	2418	34	of	of	ADP
iiclr-17591	2418	35	firms	firm	NOUN
iiclr-17591	2418	36	.	.	PUNCT
iiclr-17591	2419	1	the	the	DET
iiclr-17591	2419	2	difficulty	difficulty	NOUN
iiclr-17591	2419	3	in	in	ADP
iiclr-17591	2419	4	governance	governance	NOUN
iiclr-17591	2419	5	of	of	ADP
iiclr-17591	2419	6	future	future	ADJ
iiclr-17591	2419	7	relationships	relationship	NOUN
iiclr-17591	2419	8	based	base	VERB
iiclr-17591	2419	9	on	on	ADP
iiclr-17591	2419	10	equity	equity	NOUN
iiclr-17591	2419	11	,	,	PUNCT
iiclr-17591	2419	12	therefore	therefore	ADV
iiclr-17591	2419	13	,	,	PUNCT
iiclr-17591	2419	14	may	may	AUX
iiclr-17591	2419	15	yield	yield	VERB
iiclr-17591	2419	16	an	an	DET
iiclr-17591	2419	17	explanation	explanation	NOUN
iiclr-17591	2419	18	for	for	ADP
iiclr-17591	2419	19	some	some	PRON
iiclr-17591	2419	20	of	of	ADP
iiclr-17591	2419	21	the	the	DET
iiclr-17591	2419	22	features	feature	NOUN
iiclr-17591	2419	23	of	of	ADP
iiclr-17591	2419	24	the	the	DET
iiclr-17591	2419	25	italian	italian	ADJ
iiclr-17591	2419	26	industrial	industrial	ADJ
iiclr-17591	2419	27	system	system	NOUN
iiclr-17591	2419	28	.	.	PUNCT
iiclr-17591	2420	1	the	the	DET
iiclr-17591	2420	2	size	size	NOUN
iiclr-17591	2420	3	of	of	ADP
iiclr-17591	2420	4	equity	equity	NOUN
iiclr-17591	2420	5	investments	investment	NOUN
iiclr-17591	2420	6	adapts	adapt	VERB
iiclr-17591	2420	7	to	to	ADP
iiclr-17591	2420	8	the	the	DET
iiclr-17591	2420	9	quantity	quantity	NOUN
iiclr-17591	2420	10	of	of	ADP
iiclr-17591	2420	11	governance	governance	NOUN
iiclr-17591	2420	12	power	power	NOUN
iiclr-17591	2420	13	investors	investor	NOUN
iiclr-17591	2420	14	are	be	AUX
iiclr-17591	2420	15	granted	grant	VERB
iiclr-17591	2420	16	.	.	PUNCT
iiclr-17591	2421	1	in	in	ADP
iiclr-17591	2421	2	a	a	DET
iiclr-17591	2421	3	system	system	NOUN
iiclr-17591	2421	4	that	that	PRON
iiclr-17591	2421	5	gives	give	VERB
iiclr-17591	2421	6	little	little	ADJ
iiclr-17591	2421	7	or	or	CCONJ
iiclr-17591	2421	8	no	no	PRON
iiclr-17591	2421	9	power	power	NOUN
iiclr-17591	2421	10	to	to	ADP
iiclr-17591	2421	11	the	the	DET
iiclr-17591	2421	12	shareholders	shareholder	NOUN
iiclr-17591	2421	13	,	,	PUNCT
iiclr-17591	2421	14	like	like	ADP
iiclr-17591	2421	15	the	the	DET
iiclr-17591	2421	16	american	american	ADJ
iiclr-17591	2421	17	system,289	system,289	ADV
iiclr-17591	2421	18	we	we	PRON
iiclr-17591	2421	19	are	be	AUX
iiclr-17591	2421	20	likely	likely	ADJ
iiclr-17591	2421	21	to	to	PART
iiclr-17591	2421	22	observe	observe	VERB
iiclr-17591	2421	23	a	a	DET
iiclr-17591	2421	24	fragmented	fragmented	ADJ
iiclr-17591	2421	25	ownership	ownership	NOUN
iiclr-17591	2421	26	structure	structure	NOUN
iiclr-17591	2421	27	.	.	PUNCT
iiclr-17591	2422	1	in	in	ADP
iiclr-17591	2422	2	a	a	DET
iiclr-17591	2422	3	system	system	NOUN
iiclr-17591	2422	4	that	that	PRON
iiclr-17591	2422	5	gives	give	VERB
iiclr-17591	2422	6	strong	strong	ADJ
iiclr-17591	2422	7	powers	power	NOUN
iiclr-17591	2422	8	to	to	AUX
iiclr-17591	2422	9	majority	majority	NOUN
iiclr-17591	2422	10	shareholders	shareholder	NOUN
iiclr-17591	2422	11	and	and	CCONJ
iiclr-17591	2422	12	little	little	ADJ
iiclr-17591	2422	13	or	or	CCONJ
iiclr-17591	2422	14	no	no	PRON
iiclr-17591	2422	15	power	power	NOUN
iiclr-17591	2422	16	to	to	ADP
iiclr-17591	2422	17	minority	minority	NOUN
iiclr-17591	2422	18	shareholders	shareholder	NOUN
iiclr-17591	2422	19	,	,	PUNCT
iiclr-17591	2422	20	like	like	ADP
iiclr-17591	2422	21	the	the	DET
iiclr-17591	2422	22	italian	italian	ADJ
iiclr-17591	2422	23	system	system	NOUN
iiclr-17591	2422	24	,	,	PUNCT
iiclr-17591	2422	25	we	we	PRON
iiclr-17591	2422	26	are	be	AUX
iiclr-17591	2422	27	likely	likely	ADJ
iiclr-17591	2422	28	to	to	PART
iiclr-17591	2422	29	observe	observe	VERB
iiclr-17591	2422	30	a	a	DET
iiclr-17591	2422	31	very	very	ADV
iiclr-17591	2422	32	unbalanced	unbalanced	ADJ
iiclr-17591	2422	33	ownership	ownership	NOUN
iiclr-17591	2422	34	structure	structure	NOUN
iiclr-17591	2422	35	,	,	PUNCT
iiclr-17591	2422	36	with	with	ADP
iiclr-17591	2422	37	a	a	DET
iiclr-17591	2422	38	287	287	NUM
iiclr-17591	2422	39	.	.	PUNCT
iiclr-17591	2423	1	this	this	PRON
iiclr-17591	2423	2	is	be	AUX
iiclr-17591	2423	3	one	one	NUM
iiclr-17591	2423	4	of	of	ADP
iiclr-17591	2423	5	the	the	DET
iiclr-17591	2423	6	most	most	ADV
iiclr-17591	2423	7	important	important	ADJ
iiclr-17591	2423	8	points	point	NOUN
iiclr-17591	2423	9	of	of	ADP
iiclr-17591	2423	10	jensen	jensen	PROPN
iiclr-17591	2423	11	&	&	CCONJ
iiclr-17591	2423	12	meckling	meckling	PROPN
iiclr-17591	2423	13	,	,	PUNCT
iiclr-17591	2423	14	supra	supra	PROPN
iiclr-17591	2423	15	note	note	PROPN
iiclr-17591	2423	16	229	229	NUM
iiclr-17591	2423	17	,	,	PUNCT
iiclr-17591	2423	18	at	at	ADP
iiclr-17591	2423	19	34.5	34.5	NUM
iiclr-17591	2423	20	,	,	PUNCT
iiclr-17591	2423	21	who	who	PRON
iiclr-17591	2423	22	stated	state	VERB
iiclr-17591	2423	23	that	that	SCONJ
iiclr-17591	2423	24	"	"	PUNCT
iiclr-17591	2423	25	as	as	ADV
iiclr-17591	2423	26	long	long	ADV
iiclr-17591	2423	27	as	as	SCONJ
iiclr-17591	2423	28	capital	capital	NOUN
iiclr-17591	2423	29	markets	market	NOUN
iiclr-17591	2423	30	are	be	AUX
iiclr-17591	2423	31	efficient	efficient	ADJ
iiclr-17591	2423	32	...	...	PUNCT
iiclr-17591	2424	1	the	the	DET
iiclr-17591	2424	2	prices	price	NOUN
iiclr-17591	2424	3	of	of	ADP
iiclr-17591	2424	4	assets	asset	NOUN
iiclr-17591	2424	5	such	such	ADJ
iiclr-17591	2424	6	as	as	ADP
iiclr-17591	2424	7	debt	debt	NOUN
iiclr-17591	2424	8	and	and	CCONJ
iiclr-17591	2424	9	outside	outside	ADJ
iiclr-17591	2424	10	equity	equity	NOUN
iiclr-17591	2424	11	will	will	AUX
iiclr-17591	2424	12	reflect	reflect	VERB
iiclr-17591	2424	13	unbiased	unbiased	ADJ
iiclr-17591	2424	14	estimates	estimate	NOUN
iiclr-17591	2424	15	of	of	ADP
iiclr-17591	2424	16	the	the	DET
iiclr-17591	2424	17	[	[	NOUN
iiclr-17591	2424	18	agency	agency	NOUN
iiclr-17591	2424	19	costs	cost	NOUN
iiclr-17591	2424	20	]	]	PUNCT
iiclr-17591	2424	21	,	,	PUNCT
iiclr-17591	2424	22	"	"	PUNCT
iiclr-17591	2424	23	and	and	CCONJ
iiclr-17591	2424	24	therefore	therefore	ADV
iiclr-17591	2424	25	"	"	PUNCT
iiclr-17591	2424	26	the	the	DET
iiclr-17591	2424	27	selling	sell	VERB
iiclr-17591	2424	28	owner	owner	NOUN
iiclr-17591	2424	29	-	-	PUNCT
iiclr-17591	2424	30	manager	manager	NOUN
iiclr-17591	2424	31	will	will	AUX
iiclr-17591	2424	32	bear	bear	VERB
iiclr-17591	2424	33	those	those	DET
iiclr-17591	2424	34	agency	agency	NOUN
iiclr-17591	2424	35	costs	cost	NOUN
iiclr-17591	2424	36	.	.	PUNCT
iiclr-17591	2424	37	"	"	PUNCT
iiclr-17591	2425	1	288	288	NUM
iiclr-17591	2425	2	.	.	PUNCT
iiclr-17591	2426	1	this	this	PRON
iiclr-17591	2426	2	is	be	AUX
iiclr-17591	2426	3	the	the	DET
iiclr-17591	2426	4	well	well	ADV
iiclr-17591	2426	5	-	-	PUNCT
iiclr-17591	2426	6	known	know	VERB
iiclr-17591	2426	7	thesis	thesis	NOUN
iiclr-17591	2426	8	of	of	ADP
iiclr-17591	2426	9	the	the	DET
iiclr-17591	2426	10	paper	paper	NOUN
iiclr-17591	2426	11	by	by	ADP
iiclr-17591	2426	12	george	george	PROPN
iiclr-17591	2426	13	a.	a.	PROPN
iiclr-17591	2426	14	akerlof	akerlof	PROPN
iiclr-17591	2426	15	,	,	PUNCT
iiclr-17591	2426	16	the	the	DET
iiclr-17591	2426	17	market	market	NOUN
iiclr-17591	2426	18	for	for	ADP
iiclr-17591	2426	19	"	"	PUNCT
iiclr-17591	2426	20	lemons	lemon	NOUN
iiclr-17591	2426	21	"	"	PUNCT
iiclr-17591	2426	22	:	:	PUNCT
iiclr-17591	2426	23	quality	quality	NOUN
iiclr-17591	2426	24	uncertainty	uncertainty	NOUN
iiclr-17591	2426	25	and	and	CCONJ
iiclr-17591	2426	26	the	the	DET
iiclr-17591	2426	27	market	market	NOUN
iiclr-17591	2426	28	mechanism	mechanism	NOUN
iiclr-17591	2426	29	,	,	PUNCT
iiclr-17591	2426	30	84	84	NUM
iiclr-17591	2426	31	quarterly	quarterly	ADJ
iiclr-17591	2426	32	journal	journal	NOUN
iiclr-17591	2426	33	of	of	ADP
iiclr-17591	2426	34	economics	economics	PROPN
iiclr-17591	2426	35	488	488	NUM
iiclr-17591	2426	36	(	(	PUNCT
iiclr-17591	2426	37	1970	1970	NUM
iiclr-17591	2426	38	)	)	PUNCT
iiclr-17591	2426	39	,	,	PUNCT
iiclr-17591	2426	40	reprinted	reprint	VERB
iiclr-17591	2426	41	in	in	ADP
iiclr-17591	2426	42	goldberg	goldberg	PROPN
iiclr-17591	2426	43	,	,	PUNCT
iiclr-17591	2426	44	supra	supra	PROPN
iiclr-17591	2426	45	note	note	PROPN
iiclr-17591	2426	46	228	228	NUM
iiclr-17591	2426	47	,	,	PUNCT
iiclr-17591	2426	48	at	at	ADP
iiclr-17591	2426	49	24	24	NUM
iiclr-17591	2426	50	.	.	PUNCT
iiclr-17591	2427	1	289	289	NUM
iiclr-17591	2427	2	.	.	PUNCT
iiclr-17591	2428	1	roe	roe	NOUN
iiclr-17591	2428	2	,	,	PUNCT
iiclr-17591	2428	3	supra	supra	PROPN
iiclr-17591	2428	4	note	note	NOUN
iiclr-17591	2428	5	16	16	NUM
iiclr-17591	2428	6	.	.	PUNCT
iiclr-17591	2428	7	1995	1995	NUM
iiclr-17591	2428	8	]	]	X
iiclr-17591	2429	1	ind	ind	NOUN
iiclr-17591	2429	2	.	.	PUNCT
iiclr-17591	2430	1	int'l	int'l	PROPN
iiclr-17591	2430	2	&	&	CCONJ
iiclr-17591	2430	3	comp	comp	PROPN
iiclr-17591	2430	4	.	.	PUNCT
iiclr-17591	2431	1	l	l	PROPN
iiclr-17591	2431	2	rev	rev	PROPN
iiclr-17591	2431	3	.	.	PROPN
iiclr-17591	2431	4	strong	strong	ADJ
iiclr-17591	2431	5	control	control	PROPN
iiclr-17591	2431	6	group	group	NOUN
iiclr-17591	2431	7	,	,	PUNCT
iiclr-17591	2431	8	possibly	possibly	ADV
iiclr-17591	2431	9	composed	compose	VERB
iiclr-17591	2431	10	of	of	ADP
iiclr-17591	2431	11	several	several	ADJ
iiclr-17591	2431	12	large	large	ADJ
iiclr-17591	2431	13	shareholders	shareholder	NOUN
iiclr-17591	2431	14	acting	act	VERB
iiclr-17591	2431	15	together	together	ADV
iiclr-17591	2431	16	,	,	PUNCT
iiclr-17591	2431	17	and	and	CCONJ
iiclr-17591	2431	18	small	small	ADJ
iiclr-17591	2431	19	,	,	PUNCT
iiclr-17591	2431	20	uninfluential	uninfluential	ADJ
iiclr-17591	2431	21	minority	minority	NOUN
iiclr-17591	2431	22	shareholders	shareholder	NOUN
iiclr-17591	2431	23	,	,	PUNCT
iiclr-17591	2431	24	if	if	SCONJ
iiclr-17591	2431	25	any	any	DET
iiclr-17591	2431	26	minority	minority	NOUN
iiclr-17591	2431	27	shareholders	shareholder	VERB
iiclr-17591	2431	28	at	at	ADP
iiclr-17591	2431	29	all.29	all.29	NOUN
iiclr-17591	2431	30	in	in	ADP
iiclr-17591	2431	31	different	different	ADJ
iiclr-17591	2431	32	ways	way	NOUN
iiclr-17591	2431	33	,	,	PUNCT
iiclr-17591	2431	34	both	both	DET
iiclr-17591	2431	35	systems	system	NOUN
iiclr-17591	2431	36	introduce	introduce	VERB
iiclr-17591	2431	37	rigidity	rigidity	NOUN
iiclr-17591	2431	38	in	in	ADP
iiclr-17591	2431	39	the	the	DET
iiclr-17591	2431	40	organizational	organizational	ADJ
iiclr-17591	2431	41	structure	structure	NOUN
iiclr-17591	2431	42	of	of	ADP
iiclr-17591	2431	43	the	the	DET
iiclr-17591	2431	44	corporation	corporation	NOUN
iiclr-17591	2431	45	,	,	PUNCT
iiclr-17591	2431	46	which	which	PRON
iiclr-17591	2431	47	may	may	AUX
iiclr-17591	2431	48	put	put	VERB
iiclr-17591	2431	49	their	their	PRON
iiclr-17591	2431	50	ability	ability	NOUN
iiclr-17591	2431	51	to	to	PART
iiclr-17591	2431	52	adapt	adapt	VERB
iiclr-17591	2431	53	,	,	PUNCT
iiclr-17591	2431	54	and	and	CCONJ
iiclr-17591	2431	55	therefore	therefore	ADV
iiclr-17591	2431	56	their	their	PRON
iiclr-17591	2431	57	success	success	NOUN
iiclr-17591	2431	58	,	,	PUNCT
iiclr-17591	2431	59	at	at	ADP
iiclr-17591	2431	60	risk.29	risk.29	NOUN
iiclr-17591	2431	61	'	'	PUNCT
iiclr-17591	2431	62	more	more	ADV
iiclr-17591	2431	63	particularly	particularly	ADV
iiclr-17591	2431	64	,	,	PUNCT
iiclr-17591	2431	65	the	the	DET
iiclr-17591	2431	66	italian	italian	ADJ
iiclr-17591	2431	67	legal	legal	ADJ
iiclr-17591	2431	68	framework	framework	NOUN
iiclr-17591	2431	69	discourages	discourage	VERB
iiclr-17591	2431	70	investors	investor	NOUN
iiclr-17591	2431	71	unable	unable	ADJ
iiclr-17591	2431	72	to	to	PART
iiclr-17591	2431	73	enter	enter	VERB
iiclr-17591	2431	74	in	in	ADP
iiclr-17591	2431	75	the	the	DET
iiclr-17591	2431	76	control	control	NOUN
iiclr-17591	2431	77	group	group	NOUN
iiclr-17591	2431	78	from	from	ADP
iiclr-17591	2431	79	entering	enter	VERB
iiclr-17591	2431	80	the	the	DET
iiclr-17591	2431	81	company	company	NOUN
iiclr-17591	2431	82	at	at	ADV
iiclr-17591	2431	83	all	all	ADV
iiclr-17591	2431	84	.	.	PUNCT
iiclr-17591	2432	1	f.	f.	NOUN
iiclr-17591	2433	1	what	what	DET
iiclr-17591	2433	2	role	role	NOUN
iiclr-17591	2433	3	for	for	ADP
iiclr-17591	2433	4	derivative	derivative	ADJ
iiclr-17591	2433	5	actions	action	NOUN
iiclr-17591	2433	6	based	base	VERB
iiclr-17591	2433	7	on	on	ADP
iiclr-17591	2433	8	violations	violation	NOUN
iiclr-17591	2433	9	of	of	ADP
iiclr-17591	2433	10	the	the	DET
iiclr-17591	2433	11	duty	duty	NOUN
iiclr-17591	2433	12	of	of	ADP
iiclr-17591	2433	13	loyalty	loyalty	NOUN
iiclr-17591	2433	14	in	in	ADP
iiclr-17591	2433	15	italian	italian	ADJ
iiclr-17591	2433	16	corporate	corporate	ADJ
iiclr-17591	2433	17	governance	governance	NOUN
iiclr-17591	2433	18	?	?	PUNCT
iiclr-17591	2434	1	a	a	DET
iiclr-17591	2434	2	possible	possible	ADJ
iiclr-17591	2434	3	contribution	contribution	NOUN
iiclr-17591	2434	4	to	to	ADP
iiclr-17591	2434	5	the	the	DET
iiclr-17591	2434	6	implementation	implementation	NOUN
iiclr-17591	2434	7	of	of	ADP
iiclr-17591	2434	8	the	the	DET
iiclr-17591	2434	9	"	"	PUNCT
iiclr-17591	2434	10	mutability	mutability	NOUN
iiclr-17591	2434	11	principle	principle	NOUN
iiclr-17591	2434	12	?	?	PUNCT
iiclr-17591	2434	13	"	"	PUNCT
iiclr-17591	2434	14	derivative	derivative	ADJ
iiclr-17591	2434	15	actions	action	NOUN
iiclr-17591	2434	16	against	against	ADP
iiclr-17591	2434	17	directors	director	NOUN
iiclr-17591	2434	18	for	for	ADP
iiclr-17591	2434	19	acts	act	NOUN
iiclr-17591	2434	20	in	in	ADP
iiclr-17591	2434	21	conflict	conflict	NOUN
iiclr-17591	2434	22	of	of	ADP
iiclr-17591	2434	23	interests	interest	NOUN
iiclr-17591	2434	24	would	would	AUX
iiclr-17591	2434	25	integrate	integrate	VERB
iiclr-17591	2434	26	the	the	DET
iiclr-17591	2434	27	italian	italian	ADJ
iiclr-17591	2434	28	system	system	NOUN
iiclr-17591	2434	29	of	of	ADP
iiclr-17591	2434	30	corporate	corporate	ADJ
iiclr-17591	2434	31	governance	governance	NOUN
iiclr-17591	2434	32	.	.	PUNCT
iiclr-17591	2435	1	they	they	PRON
iiclr-17591	2435	2	would	would	AUX
iiclr-17591	2435	3	fill	fill	VERB
iiclr-17591	2435	4	a	a	DET
iiclr-17591	2435	5	clearly	clearly	ADV
iiclr-17591	2435	6	visible	visible	ADJ
iiclr-17591	2435	7	gap	gap	NOUN
iiclr-17591	2435	8	left	leave	VERB
iiclr-17591	2435	9	by	by	ADP
iiclr-17591	2435	10	a	a	DET
iiclr-17591	2435	11	legal	legal	ADJ
iiclr-17591	2435	12	system	system	NOUN
iiclr-17591	2435	13	biased	bias	VERB
iiclr-17591	2435	14	in	in	ADP
iiclr-17591	2435	15	favor	favor	NOUN
iiclr-17591	2435	16	of	of	ADP
iiclr-17591	2435	17	owner	owner	NOUN
iiclr-17591	2435	18	-	-	PUNCT
iiclr-17591	2435	19	managers	manager	NOUN
iiclr-17591	2435	20	and	and	CCONJ
iiclr-17591	2435	21	,	,	PUNCT
iiclr-17591	2435	22	coupled	couple	VERB
iiclr-17591	2435	23	with	with	ADP
iiclr-17591	2435	24	other	other	ADJ
iiclr-17591	2435	25	remedies	remedy	NOUN
iiclr-17591	2435	26	,	,	PUNCT
iiclr-17591	2435	27	would	would	AUX
iiclr-17591	2435	28	create	create	VERB
iiclr-17591	2435	29	an	an	DET
iiclr-17591	2435	30	"	"	PUNCT
iiclr-17591	2435	31	overlapping	overlap	VERB
iiclr-17591	2435	32	system	system	NOUN
iiclr-17591	2435	33	of	of	ADP
iiclr-17591	2435	34	protections	protection	NOUN
iiclr-17591	2435	35	,	,	PUNCT
iiclr-17591	2435	36	"	"	PUNCT
iiclr-17591	2435	37	which	which	PRON
iiclr-17591	2435	38	best	well	ADV
iiclr-17591	2435	39	serves	serve	VERB
iiclr-17591	2435	40	the	the	DET
iiclr-17591	2435	41	interests	interest	NOUN
iiclr-17591	2435	42	of	of	ADP
iiclr-17591	2435	43	shareholders	shareholder	NOUN
iiclr-17591	2435	44	.	.	PUNCT
iiclr-17591	2436	1	"2	"2	VERB
iiclr-17591	2436	2	the	the	DET
iiclr-17591	2436	3	deterrent	deterrent	NOUN
iiclr-17591	2436	4	effect	effect	NOUN
iiclr-17591	2436	5	of	of	ADP
iiclr-17591	2436	6	a	a	DET
iiclr-17591	2436	7	possible	possible	ADJ
iiclr-17591	2436	8	derivative	derivative	ADJ
iiclr-17591	2436	9	action	action	NOUN
iiclr-17591	2436	10	for	for	ADP
iiclr-17591	2436	11	directors	director	NOUN
iiclr-17591	2436	12	facing	face	VERB
iiclr-17591	2436	13	situations	situation	NOUN
iiclr-17591	2436	14	of	of	ADP
iiclr-17591	2436	15	potential	potential	ADJ
iiclr-17591	2436	16	conflict	conflict	NOUN
iiclr-17591	2436	17	of	of	ADP
iiclr-17591	2436	18	interest	interest	NOUN
iiclr-17591	2436	19	could	could	AUX
iiclr-17591	2436	20	be	be	AUX
iiclr-17591	2436	21	substantial	substantial	ADJ
iiclr-17591	2436	22	.	.	PUNCT
iiclr-17591	2437	1	it	it	PRON
iiclr-17591	2437	2	would	would	AUX
iiclr-17591	2437	3	certainly	certainly	ADV
iiclr-17591	2437	4	be	be	AUX
iiclr-17591	2437	5	nafve	nafve	NOUN
iiclr-17591	2437	6	to	to	PART
iiclr-17591	2437	7	think	think	VERB
iiclr-17591	2437	8	that	that	SCONJ
iiclr-17591	2437	9	derivative	derivative	ADJ
iiclr-17591	2437	10	actions	action	NOUN
iiclr-17591	2437	11	could	could	AUX
iiclr-17591	2437	12	act	act	VERB
iiclr-17591	2437	13	like	like	ADP
iiclr-17591	2437	14	a	a	DET
iiclr-17591	2437	15	magic	magic	ADJ
iiclr-17591	2437	16	wand	wand	NOUN
iiclr-17591	2437	17	,	,	PUNCT
iiclr-17591	2437	18	instantly	instantly	ADV
iiclr-17591	2437	19	able	able	ADJ
iiclr-17591	2437	20	to	to	PART
iiclr-17591	2437	21	solve	solve	VERB
iiclr-17591	2437	22	all	all	DET
iiclr-17591	2437	23	the	the	DET
iiclr-17591	2437	24	problems	problem	NOUN
iiclr-17591	2437	25	and	and	CCONJ
iiclr-17591	2437	26	contradictions	contradiction	NOUN
iiclr-17591	2437	27	of	of	ADP
iiclr-17591	2437	28	the	the	DET
iiclr-17591	2437	29	italian	italian	ADJ
iiclr-17591	2437	30	capitalism	capitalism	NOUN
iiclr-17591	2437	31	.	.	PUNCT
iiclr-17591	2438	1	shareholders	shareholder	NOUN
iiclr-17591	2438	2	that	that	PRON
iiclr-17591	2438	3	bring	bring	VERB
iiclr-17591	2438	4	suit	suit	NOUN
iiclr-17591	2438	5	would	would	AUX
iiclr-17591	2438	6	encounter	encounter	VERB
iiclr-17591	2438	7	problems	problem	NOUN
iiclr-17591	2438	8	of	of	ADP
iiclr-17591	2438	9	information	information	NOUN
iiclr-17591	2438	10	vis	vis	X
iiclr-17591	2438	11	-	-	PUNCT
iiclr-17591	2438	12	a	a	PRON
iiclr-17591	2438	13	-	-	PUNCT
iiclr-17591	2438	14	vis	vis	X
iiclr-17591	2438	15	directors	director	NOUN
iiclr-17591	2438	16	and	and	CCONJ
iiclr-17591	2438	17	they	they	PRON
iiclr-17591	2438	18	would	would	AUX
iiclr-17591	2438	19	have	have	VERB
iiclr-17591	2438	20	to	to	PART
iiclr-17591	2438	21	advance	advance	VERB
iiclr-17591	2438	22	the	the	DET
iiclr-17591	2438	23	costs	cost	NOUN
iiclr-17591	2438	24	of	of	ADP
iiclr-17591	2438	25	litigation	litigation	NOUN
iiclr-17591	2438	26	.	.	PUNCT
iiclr-17591	2439	1	moreover	moreover	ADV
iiclr-17591	2439	2	,	,	PUNCT
iiclr-17591	2439	3	courts	court	NOUN
iiclr-17591	2439	4	would	would	AUX
iiclr-17591	2439	5	probably	probably	ADV
iiclr-17591	2439	6	be	be	AUX
iiclr-17591	2439	7	burdened	burden	VERB
iiclr-17591	2439	8	with	with	ADP
iiclr-17591	2439	9	actions	action	NOUN
iiclr-17591	2439	10	requiring	require	VERB
iiclr-17591	2439	11	a	a	DET
iiclr-17591	2439	12	screening	screening	NOUN
iiclr-17591	2439	13	and	and	CCONJ
iiclr-17591	2439	14	an	an	DET
iiclr-17591	2439	15	evaluation	evaluation	NOUN
iiclr-17591	2439	16	of	of	ADP
iiclr-17591	2439	17	the	the	DET
iiclr-17591	2439	18	fairness	fairness	NOUN
iiclr-17591	2439	19	of	of	ADP
iiclr-17591	2439	20	transfer	transfer	NOUN
iiclr-17591	2439	21	prices	price	NOUN
iiclr-17591	2439	22	,	,	PUNCT
iiclr-17591	2439	23	a	a	DET
iiclr-17591	2439	24	task	task	NOUN
iiclr-17591	2439	25	which	which	PRON
iiclr-17591	2439	26	they	they	PRON
iiclr-17591	2439	27	are	be	AUX
iiclr-17591	2439	28	not	not	PART
iiclr-17591	2439	29	necessarily	necessarily	ADV
iiclr-17591	2439	30	well	well	ADV
iiclr-17591	2439	31	equipped	equip	VERB
iiclr-17591	2439	32	to	to	PART
iiclr-17591	2439	33	perform	perform	VERB
iiclr-17591	2439	34	.	.	PUNCT
iiclr-17591	2440	1	finally	finally	ADV
iiclr-17591	2440	2	,	,	PUNCT
iiclr-17591	2440	3	some	some	DET
iiclr-17591	2440	4	leeway	leeway	NOUN
iiclr-17591	2440	5	for	for	ADP
iiclr-17591	2440	6	strike	strike	NOUN
iiclr-17591	2440	7	suits	suit	NOUN
iiclr-17591	2440	8	certainly	certainly	ADV
iiclr-17591	2440	9	would	would	AUX
iiclr-17591	2440	10	exist.2	exist.2	PROPN
iiclr-17591	2440	11	'	'	PUNCT
iiclr-17591	2440	12	therefore	therefore	ADV
iiclr-17591	2440	13	,	,	PUNCT
iiclr-17591	2440	14	the	the	DET
iiclr-17591	2440	15	small	small	ADJ
iiclr-17591	2440	16	,	,	PUNCT
iiclr-17591	2440	17	capital	capital	NOUN
iiclr-17591	2440	18	gain	gain	NOUN
iiclr-17591	2440	19	-	-	PUNCT
iiclr-17591	2440	20	oriented	orient	VERB
iiclr-17591	2440	21	investor	investor	NOUN
iiclr-17591	2440	22	290	290	NUM
iiclr-17591	2440	23	.	.	PUNCT
iiclr-17591	2441	1	constraints	constraint	NOUN
iiclr-17591	2441	2	on	on	ADP
iiclr-17591	2441	3	the	the	DET
iiclr-17591	2441	4	exercise	exercise	NOUN
iiclr-17591	2441	5	of	of	ADP
iiclr-17591	2441	6	power	power	NOUN
iiclr-17591	2441	7	by	by	ADP
iiclr-17591	2441	8	residual	residual	ADJ
iiclr-17591	2441	9	claimants	claimant	NOUN
iiclr-17591	2441	10	require	require	VERB
iiclr-17591	2441	11	some	some	DET
iiclr-17591	2441	12	justification	justification	NOUN
iiclr-17591	2441	13	.	.	PUNCT
iiclr-17591	2442	1	the	the	DET
iiclr-17591	2442	2	majority	majority	NOUN
iiclr-17591	2442	3	principle	principle	NOUN
iiclr-17591	2442	4	is	be	AUX
iiclr-17591	2442	5	such	such	DET
iiclr-17591	2442	6	a	a	DET
iiclr-17591	2442	7	justification	justification	NOUN
iiclr-17591	2442	8	,	,	PUNCT
iiclr-17591	2442	9	but	but	CCONJ
iiclr-17591	2442	10	only	only	ADV
iiclr-17591	2442	11	to	to	ADP
iiclr-17591	2442	12	the	the	DET
iiclr-17591	2442	13	extent	extent	NOUN
iiclr-17591	2442	14	of	of	ADP
iiclr-17591	2442	15	what	what	PRON
iiclr-17591	2442	16	has	have	AUX
iiclr-17591	2442	17	previously	previously	ADV
iiclr-17591	2442	18	been	be	AUX
iiclr-17591	2442	19	agreed	agree	VERB
iiclr-17591	2442	20	upon	upon	SCONJ
iiclr-17591	2442	21	.	.	PUNCT
iiclr-17591	2443	1	leaving	leave	VERB
iiclr-17591	2443	2	directors	director	NOUN
iiclr-17591	2443	3	the	the	DET
iiclr-17591	2443	4	ability	ability	NOUN
iiclr-17591	2443	5	to	to	PART
iiclr-17591	2443	6	act	act	VERB
iiclr-17591	2443	7	in	in	ADP
iiclr-17591	2443	8	conflict	conflict	NOUN
iiclr-17591	2443	9	of	of	ADP
iiclr-17591	2443	10	interest	interest	NOUN
iiclr-17591	2443	11	,	,	PUNCT
iiclr-17591	2443	12	however	however	ADV
iiclr-17591	2443	13	,	,	PUNCT
iiclr-17591	2443	14	is	be	AUX
iiclr-17591	2443	15	something	something	PRON
iiclr-17591	2443	16	that	that	PRON
iiclr-17591	2443	17	we	we	PRON
iiclr-17591	2443	18	can	can	AUX
iiclr-17591	2443	19	not	not	PART
iiclr-17591	2443	20	lightheartedly	lightheartedly	ADV
iiclr-17591	2443	21	presume	presume	VERB
iiclr-17591	2443	22	shareholders	shareholder	NOUN
iiclr-17591	2443	23	have	have	AUX
iiclr-17591	2443	24	agreed	agree	VERB
iiclr-17591	2443	25	upon	upon	SCONJ
iiclr-17591	2443	26	.	.	PUNCT
iiclr-17591	2443	27	291	291	NUM
iiclr-17591	2443	28	.	.	PUNCT
iiclr-17591	2444	1	the	the	DET
iiclr-17591	2444	2	thesis	thesis	NOUN
iiclr-17591	2444	3	that	that	SCONJ
iiclr-17591	2444	4	the	the	DET
iiclr-17591	2444	5	success	success	NOUN
iiclr-17591	2444	6	of	of	ADP
iiclr-17591	2444	7	organizational	organizational	ADJ
iiclr-17591	2444	8	structures	structure	NOUN
iiclr-17591	2444	9	lies	lie	VERB
iiclr-17591	2444	10	(	(	PUNCT
iiclr-17591	2444	11	also	also	ADV
iiclr-17591	2444	12	)	)	PUNCT
iiclr-17591	2444	13	in	in	ADP
iiclr-17591	2444	14	their	their	PRON
iiclr-17591	2444	15	ability	ability	NOUN
iiclr-17591	2444	16	to	to	PART
iiclr-17591	2444	17	adapt	adapt	VERB
iiclr-17591	2444	18	to	to	ADP
iiclr-17591	2444	19	a	a	DET
iiclr-17591	2444	20	continually	continually	ADV
iiclr-17591	2444	21	changing	change	VERB
iiclr-17591	2444	22	environment	environment	NOUN
iiclr-17591	2444	23	is	be	AUX
iiclr-17591	2444	24	advanced	advance	VERB
iiclr-17591	2444	25	by	by	ADP
iiclr-17591	2444	26	gilson	gilson	PROPN
iiclr-17591	2444	27	,	,	PUNCT
iiclr-17591	2444	28	supra	supra	PROPN
iiclr-17591	2444	29	note	note	PROPN
iiclr-17591	2444	30	117	117	NUM
iiclr-17591	2444	31	(	(	PUNCT
iiclr-17591	2444	32	discussing	discuss	VERB
iiclr-17591	2444	33	the	the	DET
iiclr-17591	2444	34	harmonization	harmonization	NOUN
iiclr-17591	2444	35	of	of	ADP
iiclr-17591	2444	36	european	european	PROPN
iiclr-17591	2444	37	union	union	PROPN
iiclr-17591	2444	38	members	member	NOUN
iiclr-17591	2444	39	'	'	PART
iiclr-17591	2444	40	laws	law	NOUN
iiclr-17591	2444	41	on	on	ADP
iiclr-17591	2444	42	takeover	takeover	NOUN
iiclr-17591	2444	43	bids	bid	NOUN
iiclr-17591	2444	44	)	)	PUNCT
iiclr-17591	2444	45	.	.	PUNCT
iiclr-17591	2445	1	292	292	NUM
iiclr-17591	2445	2	.	.	SYM
iiclr-17591	2445	3	2	2	NUM
iiclr-17591	2445	4	american	american	PROPN
iiclr-17591	2445	5	law	law	PROPN
iiclr-17591	2445	6	institute	institute	PROPN
iiclr-17591	2445	7	,	,	PUNCT
iiclr-17591	2445	8	supra	supra	PROPN
iiclr-17591	2445	9	note	note	PROPN
iiclr-17591	2445	10	235	235	NUM
iiclr-17591	2445	11	,	,	PUNCT
iiclr-17591	2445	12	introductory	introductory	ADJ
iiclr-17591	2445	13	note	note	NOUN
iiclr-17591	2445	14	at	at	ADP
iiclr-17591	2445	15	5	5	NUM
iiclr-17591	2445	16	.	.	NOUN
iiclr-17591	2445	17	293	293	NUM
iiclr-17591	2445	18	.	.	PUNCT
iiclr-17591	2446	1	the	the	DET
iiclr-17591	2446	2	criticism	criticism	NOUN
iiclr-17591	2446	3	that	that	PRON
iiclr-17591	2446	4	surrounds	surround	VERB
iiclr-17591	2446	5	the	the	DET
iiclr-17591	2446	6	abuses	abuse	NOUN
iiclr-17591	2446	7	of	of	ADP
iiclr-17591	2446	8	shareholder	shareholder	NOUN
iiclr-17591	2446	9	suits	suit	NOUN
iiclr-17591	2446	10	in	in	ADP
iiclr-17591	2446	11	the	the	DET
iiclr-17591	2446	12	united	united	PROPN
iiclr-17591	2446	13	states	states	PROPN
iiclr-17591	2446	14	,	,	PUNCT
iiclr-17591	2446	15	however	however	ADV
iiclr-17591	2446	16	,	,	PUNCT
iiclr-17591	2446	17	is	be	AUX
iiclr-17591	2446	18	strictly	strictly	ADV
iiclr-17591	2446	19	tied	tie	VERB
iiclr-17591	2446	20	to	to	ADP
iiclr-17591	2446	21	the	the	DET
iiclr-17591	2446	22	unique	unique	ADJ
iiclr-17591	2446	23	system	system	NOUN
iiclr-17591	2446	24	of	of	ADP
iiclr-17591	2446	25	attorneys	attorney	NOUN
iiclr-17591	2446	26	'	'	PART
iiclr-17591	2446	27	compensation	compensation	NOUN
iiclr-17591	2446	28	,	,	PUNCT
iiclr-17591	2446	29	and	and	CCONJ
iiclr-17591	2446	30	can	can	AUX
iiclr-17591	2446	31	not	not	PART
iiclr-17591	2446	32	be	be	AUX
iiclr-17591	2446	33	considered	consider	VERB
iiclr-17591	2446	34	universally	universally	ADV
iiclr-17591	2446	35	applicable	applicable	ADJ
iiclr-17591	2446	36	to	to	ADP
iiclr-17591	2446	37	shareholder	shareholder	NOUN
iiclr-17591	2446	38	suits	suit	NOUN
iiclr-17591	2446	39	in	in	ADP
iiclr-17591	2446	40	general	general	ADJ
iiclr-17591	2446	41	.	.	PUNCT
iiclr-17591	2447	1	such	such	ADJ
iiclr-17591	2447	2	compensation	compensation	NOUN
iiclr-17591	2447	3	system	system	NOUN
iiclr-17591	2447	4	introduces	introduce	VERB
iiclr-17591	2447	5	a	a	DET
iiclr-17591	2447	6	personal	personal	ADJ
iiclr-17591	2447	7	interest	interest	NOUN
iiclr-17591	2447	8	of	of	ADP
iiclr-17591	2447	9	the	the	DET
iiclr-17591	2447	10	attorney	attorney	NOUN
iiclr-17591	2447	11	to	to	PART
iiclr-17591	2447	12	bring	bring	VERB
iiclr-17591	2447	13	the	the	DET
iiclr-17591	2447	14	suit	suit	NOUN
iiclr-17591	2447	15	and	and	CCONJ
iiclr-17591	2447	16	later	later	ADV
iiclr-17591	2447	17	to	to	PART
iiclr-17591	2447	18	settle	settle	VERB
iiclr-17591	2447	19	it	it	PRON
iiclr-17591	2447	20	.	.	PUNCT
iiclr-17591	2448	1	(	(	PUNCT
iiclr-17591	2448	2	this	this	DET
iiclr-17591	2448	3	phenomenon	phenomenon	NOUN
iiclr-17591	2448	4	is	be	AUX
iiclr-17591	2448	5	described	describe	VERB
iiclr-17591	2448	6	in	in	ADP
iiclr-17591	2448	7	john	john	PROPN
iiclr-17591	2448	8	c.	c.	PROPN
iiclr-17591	2448	9	coffee	coffee	PROPN
iiclr-17591	2448	10	,	,	PUNCT
iiclr-17591	2448	11	jr	jr	PROPN
iiclr-17591	2448	12	.	.	PROPN
iiclr-17591	2448	13	,	,	PUNCT
iiclr-17591	2448	14	the	the	DET
iiclr-17591	2448	15	unfaithful	unfaithful	ADJ
iiclr-17591	2448	16	champion	champion	NOUN
iiclr-17591	2448	17	:	:	PUNCT
iiclr-17591	2448	18	the	the	DET
iiclr-17591	2448	19	plaintiff	plaintiff	NOUN
iiclr-17591	2448	20	as	as	ADP
iiclr-17591	2448	21	monitor	monitor	NOUN
iiclr-17591	2448	22	in	in	ADP
iiclr-17591	2448	23	shareholder	shareholder	NOUN
iiclr-17591	2448	24	litigation,48	litigation,48	NUM
iiclr-17591	2448	25	law	law	NOUN
iiclr-17591	2448	26	&	&	CCONJ
iiclr-17591	2448	27	contemp	contemp	NOUN
iiclr-17591	2448	28	.	.	PUNCT
iiclr-17591	2449	1	probs	prob	NOUN
iiclr-17591	2449	2	5	5	NUM
iiclr-17591	2449	3	summer	summer	NOUN
iiclr-17591	2449	4	(	(	PUNCT
iiclr-17591	2449	5	1985	1985	NUM
iiclr-17591	2449	6	)	)	PUNCT
iiclr-17591	2449	7	;	;	PUNCT
iiclr-17591	2449	8	clark	clark	NOUN
iiclr-17591	2449	9	,	,	PUNCT
iiclr-17591	2449	10	supra	supra	PROPN
iiclr-17591	2449	11	note	note	NOUN
iiclr-17591	2449	12	53	53	NUM
iiclr-17591	2449	13	,	,	PUNCT
iiclr-17591	2449	14	at	at	ADP
iiclr-17591	2449	15	657	657	NUM
iiclr-17591	2449	16	-	-	SYM
iiclr-17591	2449	17	59	59	NUM
iiclr-17591	2449	18	;	;	PUNCT
iiclr-17591	2449	19	klein	klein	PROPN
iiclr-17591	2449	20	&	&	CCONJ
iiclr-17591	2449	21	coffee	coffee	PROPN
iiclr-17591	2449	22	,	,	PUNCT
iiclr-17591	2449	23	supra	supra	PROPN
iiclr-17591	2449	24	note	note	NOUN
iiclr-17591	2449	25	53	53	NUM
iiclr-17591	2449	26	,	,	PUNCT
iiclr-17591	2449	27	at	at	ADP
iiclr-17591	2449	28	196	196	NUM
iiclr-17591	2449	29	;	;	PUNCT
iiclr-17591	2449	30	2	2	NUM
iiclr-17591	2449	31	american	american	PROPN
iiclr-17591	2449	32	law	law	PROPN
iiclr-17591	2449	33	institute	institute	PROPN
iiclr-17591	2449	34	,	,	PUNCT
iiclr-17591	2449	35	supra	supra	PROPN
iiclr-17591	2449	36	note	note	PROPN
iiclr-17591	2449	37	235	235	NUM
iiclr-17591	2449	38	,	,	PUNCT
iiclr-17591	2449	39	reporter	reporter	NOUN
iiclr-17591	2449	40	's	's	PART
iiclr-17591	2449	41	note	note	NOUN
iiclr-17591	2449	42	,	,	PUNCT
iiclr-17591	2449	43	at	at	ADP
iiclr-17591	2449	44	9	9	NUM
iiclr-17591	2449	45	-	-	SYM
iiclr-17591	2449	46	12	12	NUM
iiclr-17591	2449	47	;	;	PUNCT
iiclr-17591	2449	48	an	an	DET
iiclr-17591	2449	49	extremely	extremely	ADV
iiclr-17591	2449	50	accurate	accurate	ADJ
iiclr-17591	2449	51	study	study	NOUN
iiclr-17591	2449	52	of	of	ADP
iiclr-17591	2449	53	actual	actual	ADJ
iiclr-17591	2449	54	litigation	litigation	NOUN
iiclr-17591	2449	55	involving	involve	VERB
iiclr-17591	2449	56	large	large	ADJ
iiclr-17591	2449	57	corporations	corporation	NOUN
iiclr-17591	2449	58	,	,	PUNCT
iiclr-17591	2449	59	which	which	PRON
iiclr-17591	2449	60	aims	aim	VERB
iiclr-17591	2449	61	at	at	ADP
iiclr-17591	2449	62	casting	cast	VERB
iiclr-17591	2449	63	serious	serious	ADJ
iiclr-17591	2449	64	doubts	doubt	NOUN
iiclr-17591	2449	65	on	on	ADP
iiclr-17591	2449	66	the	the	DET
iiclr-17591	2449	67	overall	overall	ADJ
iiclr-17591	2449	68	utility	utility	NOUN
iiclr-17591	2449	69	of	of	ADP
iiclr-17591	2449	70	shareholders	shareholder	NOUN
iiclr-17591	2449	71	'	'	PART
iiclr-17591	2449	72	suits	suit	NOUN
iiclr-17591	2449	73	as	as	ADP
iiclr-17591	2449	74	[	[	X
iiclr-17591	2449	75	vol	vol	NOUN
iiclr-17591	2449	76	.	.	PUNCT
iiclr-17591	2450	1	6:1	6:1	NUM
iiclr-17591	2450	2	corporate	corporate	ADJ
iiclr-17591	2450	3	governance	governance	NOUN
iiclr-17591	2450	4	in	in	ADP
iiclr-17591	2450	5	italy	italy	PROPN
iiclr-17591	2450	6	would	would	AUX
iiclr-17591	2450	7	probably	probably	ADV
iiclr-17591	2450	8	continue	continue	VERB
iiclr-17591	2450	9	to	to	PART
iiclr-17591	2450	10	follow	follow	VERB
iiclr-17591	2450	11	the	the	DET
iiclr-17591	2450	12	"	"	PUNCT
iiclr-17591	2450	13	wall	wall	PROPN
iiclr-17591	2450	14	street	street	PROPN
iiclr-17591	2450	15	rule	rule	PROPN
iiclr-17591	2450	16	"	"	PUNCT
iiclr-17591	2450	17	even	even	ADV
iiclr-17591	2450	18	when	when	SCONJ
iiclr-17591	2450	19	there	there	PRON
iiclr-17591	2450	20	is	be	VERB
iiclr-17591	2450	21	a	a	DET
iiclr-17591	2450	22	suspicion	suspicion	NOUN
iiclr-17591	2450	23	of	of	ADP
iiclr-17591	2450	24	conflict	conflict	NOUN
iiclr-17591	2450	25	of	of	ADP
iiclr-17591	2450	26	interest	interest	NOUN
iiclr-17591	2450	27	.	.	PUNCT
iiclr-17591	2451	1	informed	informed	ADJ
iiclr-17591	2451	2	minorities	minority	NOUN
iiclr-17591	2451	3	however	however	ADV
iiclr-17591	2451	4	,	,	PUNCT
iiclr-17591	2451	5	would	would	AUX
iiclr-17591	2451	6	have	have	VERB
iiclr-17591	2451	7	one	one	NUM
iiclr-17591	2451	8	more	more	ADJ
iiclr-17591	2451	9	arrow	arrow	NOUN
iiclr-17591	2451	10	in	in	ADP
iiclr-17591	2451	11	their	their	PRON
iiclr-17591	2451	12	bows	bow	NOUN
iiclr-17591	2451	13	.	.	PUNCT
iiclr-17591	2452	1	but	but	CCONJ
iiclr-17591	2452	2	,	,	PUNCT
iiclr-17591	2452	3	are	be	AUX
iiclr-17591	2452	4	there	there	PRON
iiclr-17591	2452	5	informed	inform	VERB
iiclr-17591	2452	6	minorities	minority	NOUN
iiclr-17591	2452	7	in	in	ADP
iiclr-17591	2452	8	italy	italy	PROPN
iiclr-17591	2452	9	?	?	PUNCT
iiclr-17591	2453	1	although	although	SCONJ
iiclr-17591	2453	2	there	there	PRON
iiclr-17591	2453	3	are	be	VERB
iiclr-17591	2453	4	only	only	ADV
iiclr-17591	2453	5	in	in	ADP
iiclr-17591	2453	6	particular	particular	ADJ
iiclr-17591	2453	7	situations	situation	NOUN
iiclr-17591	2453	8	now	now	ADV
iiclr-17591	2453	9	,	,	PUNCT
iiclr-17591	2453	10	there	there	PRON
iiclr-17591	2453	11	could	could	AUX
iiclr-17591	2453	12	be	be	AUX
iiclr-17591	2453	13	many	many	ADV
iiclr-17591	2453	14	more	more	ADJ
iiclr-17591	2453	15	in	in	ADP
iiclr-17591	2453	16	the	the	DET
iiclr-17591	2453	17	future	future	NOUN
iiclr-17591	2453	18	.	.	PUNCT
iiclr-17591	2454	1	294	294	NUM
iiclr-17591	2454	2	as	as	SCONJ
iiclr-17591	2454	3	we	we	PRON
iiclr-17591	2454	4	have	have	AUX
iiclr-17591	2454	5	seen	see	VERB
iiclr-17591	2454	6	in	in	ADP
iiclr-17591	2454	7	iv.l	iv.l	NOUN
iiclr-17591	2454	8	-	-	PUNCT
iiclr-17591	2454	9	iv.m	iv.m	NOUN
iiclr-17591	2454	10	,	,	PUNCT
iiclr-17591	2454	11	important	important	ADJ
iiclr-17591	2454	12	changes	change	NOUN
iiclr-17591	2454	13	are	be	AUX
iiclr-17591	2454	14	taking	take	VERB
iiclr-17591	2454	15	place	place	NOUN
iiclr-17591	2454	16	in	in	ADP
iiclr-17591	2454	17	the	the	DET
iiclr-17591	2454	18	italian	italian	ADJ
iiclr-17591	2454	19	industrial	industrial	ADJ
iiclr-17591	2454	20	system	system	NOUN
iiclr-17591	2454	21	.	.	PUNCT
iiclr-17591	2455	1	a	a	DET
iiclr-17591	2455	2	new	new	ADJ
iiclr-17591	2455	3	,	,	PUNCT
iiclr-17591	2455	4	dramatically	dramatically	ADV
iiclr-17591	2455	5	important	important	ADJ
iiclr-17591	2455	6	role	role	NOUN
iiclr-17591	2455	7	for	for	ADP
iiclr-17591	2455	8	banks	bank	NOUN
iiclr-17591	2455	9	as	as	SCONJ
iiclr-17591	2455	10	equity	equity	NOUN
iiclr-17591	2455	11	holders	holder	NOUN
iiclr-17591	2455	12	is	be	AUX
iiclr-17591	2455	13	emerging	emerge	VERB
iiclr-17591	2455	14	,	,	PUNCT
iiclr-17591	2455	15	and	and	CCONJ
iiclr-17591	2455	16	a	a	DET
iiclr-17591	2455	17	host	host	NOUN
iiclr-17591	2455	18	of	of	ADP
iiclr-17591	2455	19	new	new	ADJ
iiclr-17591	2455	20	types	type	NOUN
iiclr-17591	2455	21	of	of	ADP
iiclr-17591	2455	22	institutional	institutional	ADJ
iiclr-17591	2455	23	investors	investor	NOUN
iiclr-17591	2455	24	is	be	AUX
iiclr-17591	2455	25	going	go	VERB
iiclr-17591	2455	26	to	to	PART
iiclr-17591	2455	27	create	create	VERB
iiclr-17591	2455	28	demand	demand	NOUN
iiclr-17591	2455	29	for	for	ADP
iiclr-17591	2455	30	large	large	ADJ
iiclr-17591	2455	31	equity	equity	NOUN
iiclr-17591	2455	32	investments	investment	NOUN
iiclr-17591	2455	33	.	.	PUNCT
iiclr-17591	2456	1	it	it	PRON
iiclr-17591	2456	2	is	be	AUX
iiclr-17591	2456	3	self	self	NOUN
iiclr-17591	2456	4	-	-	PUNCT
iiclr-17591	2456	5	evident	evident	ADJ
iiclr-17591	2456	6	that	that	SCONJ
iiclr-17591	2456	7	this	this	DET
iiclr-17591	2456	8	kind	kind	NOUN
iiclr-17591	2456	9	of	of	ADP
iiclr-17591	2456	10	equity	equity	NOUN
iiclr-17591	2456	11	investors	investor	NOUN
iiclr-17591	2456	12	can	can	AUX
iiclr-17591	2456	13	possibly	possibly	ADV
iiclr-17591	2456	14	act	act	VERB
iiclr-17591	2456	15	as	as	ADP
iiclr-17591	2456	16	a	a	DET
iiclr-17591	2456	17	bridge	bridge	NOUN
iiclr-17591	2456	18	towards	towards	ADP
iiclr-17591	2456	19	later	later	ADV
iiclr-17591	2456	20	initial	initial	ADJ
iiclr-17591	2456	21	public	public	ADJ
iiclr-17591	2456	22	offerings	offering	NOUN
iiclr-17591	2456	23	,	,	PUNCT
iiclr-17591	2456	24	and	and	CCONJ
iiclr-17591	2456	25	,	,	PUNCT
iiclr-17591	2456	26	in	in	ADP
iiclr-17591	2456	27	any	any	DET
iiclr-17591	2456	28	event	event	NOUN
iiclr-17591	2456	29	,	,	PUNCT
iiclr-17591	2456	30	can	can	AUX
iiclr-17591	2456	31	bring	bring	VERB
iiclr-17591	2456	32	valuable	valuable	ADJ
iiclr-17591	2456	33	expertise	expertise	NOUN
iiclr-17591	2456	34	and	and	CCONJ
iiclr-17591	2456	35	qualified	qualified	ADJ
iiclr-17591	2456	36	financial	financial	ADJ
iiclr-17591	2456	37	support	support	NOUN
iiclr-17591	2456	38	.	.	PUNCT
iiclr-17591	2457	1	by	by	ADP
iiclr-17591	2457	2	providing	provide	VERB
iiclr-17591	2457	3	relief	relief	NOUN
iiclr-17591	2457	4	against	against	ADP
iiclr-17591	2457	5	potential	potential	ADJ
iiclr-17591	2457	6	oppression	oppression	NOUN
iiclr-17591	2457	7	by	by	ADP
iiclr-17591	2457	8	controlling	control	VERB
iiclr-17591	2457	9	groups	group	NOUN
iiclr-17591	2457	10	,	,	PUNCT
iiclr-17591	2457	11	derivative	derivative	ADJ
iiclr-17591	2457	12	actions	action	NOUN
iiclr-17591	2457	13	would	would	AUX
iiclr-17591	2457	14	probably	probably	ADV
iiclr-17591	2457	15	improve	improve	VERB
iiclr-17591	2457	16	the	the	DET
iiclr-17591	2457	17	now	now	ADV
iiclr-17591	2457	18	rather	rather	ADV
iiclr-17591	2457	19	bleak	bleak	ADJ
iiclr-17591	2457	20	set	set	NOUN
iiclr-17591	2457	21	of	of	ADP
iiclr-17591	2457	22	incentives	incentive	NOUN
iiclr-17591	2457	23	to	to	PART
iiclr-17591	2457	24	invest	invest	VERB
iiclr-17591	2457	25	capital	capital	NOUN
iiclr-17591	2457	26	in	in	ADP
iiclr-17591	2457	27	a	a	DET
iiclr-17591	2457	28	minority	minority	NOUN
iiclr-17591	2457	29	equity	equity	NOUN
iiclr-17591	2457	30	position	position	NOUN
iiclr-17591	2457	31	.	.	PUNCT
iiclr-17591	2458	1	these	these	DET
iiclr-17591	2458	2	"	"	PUNCT
iiclr-17591	2458	3	new	new	ADJ
iiclr-17591	2458	4	species	specie	NOUN
iiclr-17591	2458	5	"	"	PUNCT
iiclr-17591	2458	6	of	of	ADP
iiclr-17591	2458	7	minority	minority	NOUN
iiclr-17591	2458	8	shareholders	shareholder	NOUN
iiclr-17591	2458	9	will	will	AUX
iiclr-17591	2458	10	ask	ask	VERB
iiclr-17591	2458	11	for	for	ADP
iiclr-17591	2458	12	a	a	DET
iiclr-17591	2458	13	voice	voice	NOUN
iiclr-17591	2458	14	in	in	ADP
iiclr-17591	2458	15	the	the	DET
iiclr-17591	2458	16	management	management	NOUN
iiclr-17591	2458	17	of	of	ADP
iiclr-17591	2458	18	the	the	DET
iiclr-17591	2458	19	company	company	NOUN
iiclr-17591	2458	20	and	and	CCONJ
iiclr-17591	2458	21	for	for	ADP
iiclr-17591	2458	22	remedies	remedy	NOUN
iiclr-17591	2458	23	against	against	ADP
iiclr-17591	2458	24	possible	possible	ADJ
iiclr-17591	2458	25	opportunism	opportunism	NOUN
iiclr-17591	2458	26	by	by	ADP
iiclr-17591	2458	27	majority	majority	NOUN
iiclr-17591	2458	28	shareholders	shareholder	NOUN
iiclr-17591	2458	29	.	.	PUNCT
iiclr-17591	2459	1	given	give	VERB
iiclr-17591	2459	2	the	the	DET
iiclr-17591	2459	3	doctrine	doctrine	NOUN
iiclr-17591	2459	4	embraced	embrace	VERB
iiclr-17591	2459	5	by	by	ADP
iiclr-17591	2459	6	italian	italian	ADJ
iiclr-17591	2459	7	courts	court	NOUN
iiclr-17591	2459	8	,	,	PUNCT
iiclr-17591	2459	9	that	that	SCONJ
iiclr-17591	2459	10	the	the	DET
iiclr-17591	2459	11	corporation	corporation	NOUN
iiclr-17591	2459	12	is	be	AUX
iiclr-17591	2459	13	a	a	DET
iiclr-17591	2459	14	separate	separate	ADJ
iiclr-17591	2459	15	legal	legal	ADJ
iiclr-17591	2459	16	person	person	NOUN
iiclr-17591	2459	17	and	and	CCONJ
iiclr-17591	2459	18	that	that	SCONJ
iiclr-17591	2459	19	shareholders	shareholder	NOUN
iiclr-17591	2459	20	can	can	AUX
iiclr-17591	2459	21	not	not	PART
iiclr-17591	2459	22	contractually	contractually	ADV
iiclr-17591	2459	23	influence	influence	VERB
iiclr-17591	2459	24	its	its	PRON
iiclr-17591	2459	25	organs	organ	NOUN
iiclr-17591	2459	26	,	,	PUNCT
iiclr-17591	2459	27	295	295	NUM
iiclr-17591	2459	28	both	both	CCONJ
iiclr-17591	2459	29	voice	voice	NOUN
iiclr-17591	2459	30	and	and	CCONJ
iiclr-17591	2459	31	remedies	remedy	NOUN
iiclr-17591	2459	32	can	can	AUX
iiclr-17591	2459	33	not	not	PART
iiclr-17591	2459	34	be	be	AUX
iiclr-17591	2459	35	fully	fully	ADV
iiclr-17591	2459	36	obtained	obtain	VERB
iiclr-17591	2459	37	simply	simply	ADV
iiclr-17591	2459	38	by	by	ADP
iiclr-17591	2459	39	means	mean	NOUN
iiclr-17591	2459	40	of	of	ADP
iiclr-17591	2459	41	detailed	detailed	ADJ
iiclr-17591	2459	42	contracts	contract	NOUN
iiclr-17591	2459	43	and	and	CCONJ
iiclr-17591	2459	44	shareholders	shareholder	NOUN
iiclr-17591	2459	45	'	'	PART
iiclr-17591	2459	46	agreements	agreement	NOUN
iiclr-17591	2459	47	.	.	PUNCT
iiclr-17591	2460	1	it	it	PRON
iiclr-17591	2460	2	is	be	AUX
iiclr-17591	2460	3	the	the	DET
iiclr-17591	2460	4	italian	italian	ADJ
iiclr-17591	2460	5	system	system	NOUN
iiclr-17591	2460	6	of	of	ADP
iiclr-17591	2460	7	corporate	corporate	ADJ
iiclr-17591	2460	8	governance	governance	NOUN
iiclr-17591	2460	9	in	in	ADP
iiclr-17591	2460	10	its	its	PRON
iiclr-17591	2460	11	entirety	entirety	NOUN
iiclr-17591	2460	12	,	,	PUNCT
iiclr-17591	2460	13	therefore	therefore	ADV
iiclr-17591	2460	14	,	,	PUNCT
iiclr-17591	2460	15	that	that	PRON
iiclr-17591	2460	16	must	must	AUX
iiclr-17591	2460	17	prove	prove	VERB
iiclr-17591	2460	18	adequate	adequate	ADJ
iiclr-17591	2460	19	to	to	ADP
iiclr-17591	2460	20	this	this	DET
iiclr-17591	2460	21	new	new	ADJ
iiclr-17591	2460	22	challenge.296	challenge.296	PROPN
iiclr-17591	2460	23	although	although	SCONJ
iiclr-17591	2460	24	a	a	DET
iiclr-17591	2460	25	large	large	ADJ
iiclr-17591	2460	26	part	part	NOUN
iiclr-17591	2460	27	of	of	ADP
iiclr-17591	2460	28	the	the	DET
iiclr-17591	2460	29	thrust	thrust	NOUN
iiclr-17591	2460	30	of	of	ADP
iiclr-17591	2460	31	the	the	DET
iiclr-17591	2460	32	italian	italian	ADJ
iiclr-17591	2460	33	capitalism	capitalism	NOUN
iiclr-17591	2460	34	presently	presently	ADV
iiclr-17591	2460	35	comes	come	VERB
iiclr-17591	2460	36	from	from	ADP
iiclr-17591	2460	37	firms	firm	NOUN
iiclr-17591	2460	38	owned	own	VERB
iiclr-17591	2460	39	by	by	ADP
iiclr-17591	2460	40	a	a	DET
iiclr-17591	2460	41	handful	handful	NOUN
iiclr-17591	2460	42	of	of	ADP
iiclr-17591	2460	43	investors	investor	NOUN
iiclr-17591	2460	44	,	,	PUNCT
iiclr-17591	2460	45	its	its	PRON
iiclr-17591	2460	46	continuing	continue	VERB
iiclr-17591	2460	47	success	success	NOUN
iiclr-17591	2460	48	depends	depend	VERB
iiclr-17591	2460	49	on	on	ADP
iiclr-17591	2460	50	its	its	PRON
iiclr-17591	2460	51	ability	ability	NOUN
iiclr-17591	2460	52	to	to	PART
iiclr-17591	2460	53	provide	provide	VERB
iiclr-17591	2460	54	new	new	ADJ
iiclr-17591	2460	55	viable	viable	ADJ
iiclr-17591	2460	56	organizational	organizational	ADJ
iiclr-17591	2460	57	forms	form	NOUN
iiclr-17591	2460	58	and	and	CCONJ
iiclr-17591	2460	59	efficiently	efficiently	ADV
iiclr-17591	2460	60	accommodate	accommodate	VERB
iiclr-17591	2460	61	new	new	ADJ
iiclr-17591	2460	62	demands	demand	NOUN
iiclr-17591	2460	63	.	.	PUNCT
iiclr-17591	2461	1	the	the	DET
iiclr-17591	2461	2	present	present	ADJ
iiclr-17591	2461	3	success	success	NOUN
iiclr-17591	2461	4	of	of	ADP
iiclr-17591	2461	5	one	one	NUM
iiclr-17591	2461	6	institutional	institutional	ADJ
iiclr-17591	2461	7	structure	structure	NOUN
iiclr-17591	2461	8	of	of	ADP
iiclr-17591	2461	9	production	production	NOUN
iiclr-17591	2461	10	an	an	DET
iiclr-17591	2461	11	instrument	instrument	NOUN
iiclr-17591	2461	12	of	of	ADP
iiclr-17591	2461	13	corporate	corporate	ADJ
iiclr-17591	2461	14	governance	governance	NOUN
iiclr-17591	2461	15	,	,	PUNCT
iiclr-17591	2461	16	is	be	AUX
iiclr-17591	2461	17	that	that	SCONJ
iiclr-17591	2461	18	by	by	ADP
iiclr-17591	2461	19	romano	romano	NOUN
iiclr-17591	2461	20	,	,	PUNCT
iiclr-17591	2461	21	supra	supra	ADJ
iiclr-17591	2461	22	note	note	NOUN
iiclr-17591	2461	23	279	279	NUM
iiclr-17591	2461	24	.	.	PUNCT
iiclr-17591	2461	25	)	)	PUNCT
iiclr-17591	2462	1	the	the	DET
iiclr-17591	2462	2	italian	italian	ADJ
iiclr-17591	2462	3	system	system	NOUN
iiclr-17591	2462	4	of	of	ADP
iiclr-17591	2462	5	lawyer	lawyer	NOUN
iiclr-17591	2462	6	compensation	compensation	NOUN
iiclr-17591	2462	7	,	,	PUNCT
iiclr-17591	2462	8	like	like	ADP
iiclr-17591	2462	9	the	the	DET
iiclr-17591	2462	10	systems	system	NOUN
iiclr-17591	2462	11	of	of	ADP
iiclr-17591	2462	12	other	other	ADJ
iiclr-17591	2462	13	european	european	ADJ
iiclr-17591	2462	14	nations	nation	NOUN
iiclr-17591	2462	15	(	(	PUNCT
iiclr-17591	2462	16	e.g.	e.g.	ADV
iiclr-17591	2462	17	,	,	PUNCT
iiclr-17591	2462	18	germany	germany	PROPN
iiclr-17591	2462	19	)	)	PUNCT
iiclr-17591	2462	20	,	,	PUNCT
iiclr-17591	2462	21	differs	differ	VERB
iiclr-17591	2462	22	in	in	ADP
iiclr-17591	2462	23	at	at	ADV
iiclr-17591	2462	24	least	least	ADV
iiclr-17591	2462	25	three	three	NUM
iiclr-17591	2462	26	fundamental	fundamental	ADJ
iiclr-17591	2462	27	ways	way	NOUN
iiclr-17591	2462	28	from	from	ADP
iiclr-17591	2462	29	the	the	DET
iiclr-17591	2462	30	american	american	ADJ
iiclr-17591	2462	31	system	system	NOUN
iiclr-17591	2462	32	,	,	PUNCT
iiclr-17591	2462	33	namely	namely	ADV
iiclr-17591	2462	34	:	:	PUNCT
iiclr-17591	2462	35	(	(	PUNCT
iiclr-17591	2462	36	1	1	X
iiclr-17591	2462	37	)	)	PUNCT
iiclr-17591	2462	38	contingency	contingency	NOUN
iiclr-17591	2462	39	fees	fee	NOUN
iiclr-17591	2462	40	are	be	AUX
iiclr-17591	2462	41	prohibited	prohibit	VERB
iiclr-17591	2462	42	(	(	PUNCT
iiclr-17591	2462	43	c.c	c.c	PROPN
iiclr-17591	2462	44	.	.	PROPN
iiclr-17591	2462	45	art	art	NOUN
iiclr-17591	2462	46	.	.	PUNCT
iiclr-17591	2463	1	2233(italy)a	2233(italy)a	NUM
iiclr-17591	2463	2	)	)	PUNCT
iiclr-17591	2463	3	,	,	PUNCT
iiclr-17591	2463	4	or	or	CCONJ
iiclr-17591	2463	5	are	be	AUX
iiclr-17591	2463	6	anyway	anyway	ADV
iiclr-17591	2463	7	considered	consider	VERB
iiclr-17591	2463	8	illegal	illegal	ADJ
iiclr-17591	2463	9	by	by	ADP
iiclr-17591	2463	10	the	the	DET
iiclr-17591	2463	11	courts	court	NOUN
iiclr-17591	2463	12	(	(	PUNCT
iiclr-17591	2463	13	under	under	ADP
iiclr-17591	2463	14	c.c	c.c	PROPN
iiclr-17591	2463	15	.	.	PROPN
iiclr-17591	2463	16	sec	sec	PROPN
iiclr-17591	2463	17	.	.	PROPN
iiclr-17591	2463	18	138(1	138(1	NUM
iiclr-17591	2463	19	)	)	PUNCT
iiclr-17591	2463	20	(	(	PUNCT
iiclr-17591	2463	21	germany	germany	PROPN
iiclr-17591	2463	22	)	)	PUNCT
iiclr-17591	2463	23	)	)	PUNCT
iiclr-17591	2464	1	;	;	PUNCT
iiclr-17591	2464	2	(	(	PUNCT
iiclr-17591	2464	3	2	2	X
iiclr-17591	2464	4	)	)	PUNCT
iiclr-17591	2464	5	"	"	PUNCT
iiclr-17591	2464	6	loser	loser	NOUN
iiclr-17591	2464	7	pays	pay	VERB
iiclr-17591	2464	8	,	,	PUNCT
iiclr-17591	2464	9	"	"	PUNCT
iiclr-17591	2464	10	except	except	SCONJ
iiclr-17591	2464	11	when	when	SCONJ
iiclr-17591	2464	12	the	the	DET
iiclr-17591	2464	13	litigation	litigation	NOUN
iiclr-17591	2464	14	was	be	AUX
iiclr-17591	2464	15	objectively	objectively	ADV
iiclr-17591	2464	16	uncertain	uncertain	ADJ
iiclr-17591	2464	17	or	or	CCONJ
iiclr-17591	2464	18	there	there	PRON
iiclr-17591	2464	19	are	be	VERB
iiclr-17591	2464	20	other	other	ADJ
iiclr-17591	2464	21	special	special	ADJ
iiclr-17591	2464	22	reasons	reason	NOUN
iiclr-17591	2464	23	;	;	PUNCT
iiclr-17591	2464	24	(	(	PUNCT
iiclr-17591	2464	25	3	3	X
iiclr-17591	2464	26	)	)	PUNCT
iiclr-17591	2464	27	average	average	ADJ
iiclr-17591	2464	28	lawyers	lawyer	NOUN
iiclr-17591	2464	29	'	'	PART
iiclr-17591	2464	30	fees	fee	NOUN
iiclr-17591	2464	31	are	be	AUX
iiclr-17591	2464	32	significantly	significantly	ADV
iiclr-17591	2464	33	lower	low	ADJ
iiclr-17591	2464	34	than	than	ADP
iiclr-17591	2464	35	in	in	ADP
iiclr-17591	2464	36	the	the	DET
iiclr-17591	2464	37	united	united	PROPN
iiclr-17591	2464	38	states	states	PROPN
iiclr-17591	2464	39	.	.	PUNCT
iiclr-17591	2465	1	although	although	SCONJ
iiclr-17591	2465	2	abuses	abuse	NOUN
iiclr-17591	2465	3	of	of	ADP
iiclr-17591	2465	4	shareholder	shareholder	NOUN
iiclr-17591	2465	5	litigation	litigation	NOUN
iiclr-17591	2465	6	are	be	AUX
iiclr-17591	2465	7	certainly	certainly	ADV
iiclr-17591	2465	8	possible	possible	ADJ
iiclr-17591	2465	9	with	with	ADP
iiclr-17591	2465	10	this	this	DET
iiclr-17591	2465	11	system	system	NOUN
iiclr-17591	2465	12	also	also	ADV
iiclr-17591	2465	13	,	,	PUNCT
iiclr-17591	2465	14	the	the	DET
iiclr-17591	2465	15	probability	probability	NOUN
iiclr-17591	2465	16	of	of	ADP
iiclr-17591	2465	17	their	their	PRON
iiclr-17591	2465	18	occurrence	occurrence	NOUN
iiclr-17591	2465	19	is	be	AUX
iiclr-17591	2465	20	substantially	substantially	ADV
iiclr-17591	2465	21	smaller	small	ADJ
iiclr-17591	2465	22	than	than	ADP
iiclr-17591	2465	23	in	in	ADP
iiclr-17591	2465	24	the	the	DET
iiclr-17591	2465	25	united	united	PROPN
iiclr-17591	2465	26	states	states	PROPN
iiclr-17591	2465	27	.	.	PUNCT
iiclr-17591	2466	1	(	(	PUNCT
iiclr-17591	2466	2	of	of	ADP
iiclr-17591	2466	3	course	course	NOUN
iiclr-17591	2466	4	,	,	PUNCT
iiclr-17591	2466	5	the	the	DET
iiclr-17591	2466	6	drawback	drawback	NOUN
iiclr-17591	2466	7	is	be	AUX
iiclr-17591	2466	8	that	that	SCONJ
iiclr-17591	2466	9	,	,	PUNCT
iiclr-17591	2466	10	together	together	ADV
iiclr-17591	2466	11	with	with	ADP
iiclr-17591	2466	12	the	the	DET
iiclr-17591	2466	13	possible	possible	ADJ
iiclr-17591	2466	14	abuses	abuse	NOUN
iiclr-17591	2466	15	,	,	PUNCT
iiclr-17591	2466	16	the	the	DET
iiclr-17591	2466	17	benefits	benefit	NOUN
iiclr-17591	2466	18	from	from	ADP
iiclr-17591	2466	19	the	the	DET
iiclr-17591	2466	20	monitoring	monitoring	NOUN
iiclr-17591	2466	21	activity	activity	NOUN
iiclr-17591	2466	22	of	of	ADP
iiclr-17591	2466	23	interested	interested	ADJ
iiclr-17591	2466	24	lawyers	lawyer	NOUN
iiclr-17591	2466	25	are	be	AUX
iiclr-17591	2466	26	lost	lose	VERB
iiclr-17591	2466	27	.	.	PUNCT
iiclr-17591	2466	28	)	)	PUNCT
iiclr-17591	2467	1	294	294	NUM
iiclr-17591	2467	2	.	.	PUNCT
iiclr-17591	2468	1	as	as	SCONJ
iiclr-17591	2468	2	noted	note	VERB
iiclr-17591	2468	3	before	before	ADV
iiclr-17591	2468	4	,	,	PUNCT
iiclr-17591	2468	5	in	in	ADP
iiclr-17591	2468	6	closely	closely	ADV
iiclr-17591	2468	7	held	hold	VERB
iiclr-17591	2468	8	companies	company	NOUN
iiclr-17591	2468	9	minorities	minority	NOUN
iiclr-17591	2468	10	are	be	AUX
iiclr-17591	2468	11	frequently	frequently	ADV
iiclr-17591	2468	12	the	the	DET
iiclr-17591	2468	13	product	product	NOUN
iiclr-17591	2468	14	of	of	ADP
iiclr-17591	2468	15	changes	change	NOUN
iiclr-17591	2468	16	of	of	ADP
iiclr-17591	2468	17	alliances	alliance	NOUN
iiclr-17591	2468	18	,	,	PUNCT
iiclr-17591	2468	19	and	and	CCONJ
iiclr-17591	2468	20	in	in	ADP
iiclr-17591	2468	21	publicly	publicly	ADV
iiclr-17591	2468	22	held	hold	VERB
iiclr-17591	2468	23	companies	company	NOUN
iiclr-17591	2468	24	minorities	minority	NOUN
iiclr-17591	2468	25	are	be	AUX
iiclr-17591	2468	26	usually	usually	ADV
iiclr-17591	2468	27	uninfluential	uninfluential	ADJ
iiclr-17591	2468	28	and	and	CCONJ
iiclr-17591	2468	29	uninformed	uninformed	ADJ
iiclr-17591	2468	30	(	(	PUNCT
iiclr-17591	2468	31	supra	supra	ADJ
iiclr-17591	2468	32	,	,	PUNCT
iiclr-17591	2468	33	iv.d	iv.d	ADJ
iiclr-17591	2468	34	and	and	CCONJ
iiclr-17591	2468	35	note	note	VERB
iiclr-17591	2468	36	142	142	NUM
iiclr-17591	2468	37	,	,	PUNCT
iiclr-17591	2468	38	iv.j	iv.j	NOUN
iiclr-17591	2468	39	)	)	PUNCT
iiclr-17591	2468	40	.	.	PUNCT
iiclr-17591	2469	1	295	295	NUM
iiclr-17591	2469	2	.	.	PUNCT
iiclr-17591	2470	1	see	see	VERB
iiclr-17591	2470	2	supra	supra	PROPN
iiclr-17591	2470	3	note	note	PROPN
iiclr-17591	2470	4	167	167	NUM
iiclr-17591	2470	5	,	,	PUNCT
iiclr-17591	2470	6	and	and	CCONJ
iiclr-17591	2470	7	accompanying	accompany	VERB
iiclr-17591	2470	8	text	text	NOUN
iiclr-17591	2470	9	.	.	PUNCT
iiclr-17591	2471	1	296	296	NUM
iiclr-17591	2471	2	.	.	X
iiclr-17591	2471	3	barca	barca	NOUN
iiclr-17591	2471	4	,	,	PUNCT
iiclr-17591	2471	5	supra	supra	PROPN
iiclr-17591	2471	6	note	note	PROPN
iiclr-17591	2471	7	187	187	NUM
iiclr-17591	2471	8	,	,	PUNCT
iiclr-17591	2471	9	at	at	ADP
iiclr-17591	2471	10	200	200	NUM
iiclr-17591	2471	11	-	-	SYM
iiclr-17591	2471	12	01	01	NUM
iiclr-17591	2471	13	,	,	PUNCT
iiclr-17591	2471	14	argues	argue	VERB
iiclr-17591	2471	15	that	that	SCONJ
iiclr-17591	2471	16	interventions	intervention	NOUN
iiclr-17591	2471	17	of	of	ADP
iiclr-17591	2471	18	financial	financial	ADJ
iiclr-17591	2471	19	institutions	institution	NOUN
iiclr-17591	2471	20	may	may	AUX
iiclr-17591	2471	21	be	be	AUX
iiclr-17591	2471	22	more	more	ADV
iiclr-17591	2471	23	likely	likely	ADJ
iiclr-17591	2471	24	if	if	SCONJ
iiclr-17591	2471	25	protection	protection	NOUN
iiclr-17591	2471	26	of	of	ADP
iiclr-17591	2471	27	minority	minority	NOUN
iiclr-17591	2471	28	shareholders	shareholder	NOUN
iiclr-17591	2471	29	is	be	AUX
iiclr-17591	2471	30	effective	effective	ADJ
iiclr-17591	2471	31	.	.	PUNCT
iiclr-17591	2472	1	the	the	DET
iiclr-17591	2472	2	same	same	ADJ
iiclr-17591	2472	3	point	point	NOUN
iiclr-17591	2472	4	underlies	underlie	VERB
iiclr-17591	2472	5	the	the	DET
iiclr-17591	2472	6	excellent	excellent	ADJ
iiclr-17591	2472	7	paper	paper	NOUN
iiclr-17591	2472	8	by	by	ADP
iiclr-17591	2472	9	preite	preite	ADJ
iiclr-17591	2472	10	,	,	PUNCT
iiclr-17591	2472	11	supra	supra	ADJ
iiclr-17591	2472	12	note	note	NOUN
iiclr-17591	2472	13	190	190	NUM
iiclr-17591	2472	14	.	.	PUNCT
iiclr-17591	2472	15	1995	1995	NUM
iiclr-17591	2472	16	]	]	X
iiclr-17591	2472	17	ind	ind	NOUN
iiclr-17591	2472	18	.	.	PUNCT
iiclr-17591	2473	1	int'l	int'l	PROPN
iiclr-17591	2473	2	&	&	CCONJ
iiclr-17591	2473	3	comp	comp	PROPN
iiclr-17591	2473	4	.	.	PUNCT
iiclr-17591	2474	1	l	l	PROPN
iiclr-17591	2474	2	rev	rev	PROPN
iiclr-17591	2474	3	.	.	PROPN
iiclr-17591	2474	4	is	be	AUX
iiclr-17591	2474	5	no	no	DET
iiclr-17591	2474	6	excuse	excuse	NOUN
iiclr-17591	2474	7	for	for	ADP
iiclr-17591	2474	8	refusing	refuse	VERB
iiclr-17591	2474	9	to	to	PART
iiclr-17591	2474	10	pave	pave	VERB
iiclr-17591	2474	11	the	the	DET
iiclr-17591	2474	12	way	way	NOUN
iiclr-17591	2474	13	for	for	ADP
iiclr-17591	2474	14	alternatives	alternative	NOUN
iiclr-17591	2474	15	to	to	ADP
iiclr-17591	2474	16	it.29	it.29	NOUN
iiclr-17591	2474	17	"	"	PUNCT
iiclr-17591	2474	18	in	in	ADP
iiclr-17591	2474	19	an	an	DET
iiclr-17591	2474	20	environment	environment	NOUN
iiclr-17591	2474	21	characterized	characterize	VERB
iiclr-17591	2474	22	by	by	ADP
iiclr-17591	2474	23	constant	constant	ADJ
iiclr-17591	2474	24	and	and	CCONJ
iiclr-17591	2474	25	unpredictable	unpredictable	ADJ
iiclr-17591	2474	26	change	change	NOUN
iiclr-17591	2474	27	,	,	PUNCT
iiclr-17591	2474	28	the	the	DET
iiclr-17591	2474	29	quality	quality	NOUN
iiclr-17591	2474	30	necessary	necessary	ADJ
iiclr-17591	2474	31	for	for	ADP
iiclr-17591	2474	32	evolutionary	evolutionary	ADJ
iiclr-17591	2474	33	success	success	NOUN
iiclr-17591	2474	34	is	be	AUX
iiclr-17591	2474	35	mutability	mutability	NOUN
iiclr-17591	2474	36	an	an	DET
iiclr-17591	2474	37	organism	organism	NOUN
iiclr-17591	2474	38	's	's	PART
iiclr-17591	2474	39	ability	ability	NOUN
iiclr-17591	2474	40	to	to	PART
iiclr-17591	2474	41	alter	alter	VERB
iiclr-17591	2474	42	its	its	PRON
iiclr-17591	2474	43	structure	structure	NOUN
iiclr-17591	2474	44	to	to	PART
iiclr-17591	2474	45	adapt	adapt	VERB
iiclr-17591	2474	46	to	to	ADP
iiclr-17591	2474	47	new	new	ADJ
iiclr-17591	2474	48	conditions.298	conditions.298	NOUN
iiclr-17591	2474	49	derivative	derivative	ADJ
iiclr-17591	2474	50	actions	action	NOUN
iiclr-17591	2474	51	,	,	PUNCT
iiclr-17591	2474	52	by	by	ADP
iiclr-17591	2474	53	serving	serve	VERB
iiclr-17591	2474	54	the	the	DET
iiclr-17591	2474	55	needs	need	NOUN
iiclr-17591	2474	56	of	of	ADP
iiclr-17591	2474	57	a	a	DET
iiclr-17591	2474	58	new	new	ADJ
iiclr-17591	2474	59	category	category	NOUN
iiclr-17591	2474	60	of	of	ADP
iiclr-17591	2474	61	owners	owner	NOUN
iiclr-17591	2474	62	in	in	ADP
iiclr-17591	2474	63	italian	italian	ADJ
iiclr-17591	2474	64	companies	company	NOUN
iiclr-17591	2474	65	,	,	PUNCT
iiclr-17591	2474	66	could	could	AUX
iiclr-17591	2474	67	give	give	VERB
iiclr-17591	2474	68	some	some	DET
iiclr-17591	2474	69	contribution	contribution	NOUN
iiclr-17591	2474	70	to	to	ADP
iiclr-17591	2474	71	adaptation	adaptation	NOUN
iiclr-17591	2474	72	.	.	PUNCT
iiclr-17591	2475	1	g.	g.	PROPN
iiclr-17591	2475	2	summary	summary	NOUN
iiclr-17591	2475	3	of	of	ADP
iiclr-17591	2475	4	part	part	NOUN
iiclr-17591	2475	5	v.	v.	ADP
iiclr-17591	2475	6	the	the	DET
iiclr-17591	2475	7	following	follow	VERB
iiclr-17591	2475	8	conclusions	conclusion	NOUN
iiclr-17591	2475	9	can	can	AUX
iiclr-17591	2475	10	be	be	AUX
iiclr-17591	2475	11	drawn	draw	VERB
iiclr-17591	2475	12	from	from	ADP
iiclr-17591	2475	13	the	the	DET
iiclr-17591	2475	14	examination	examination	NOUN
iiclr-17591	2475	15	of	of	ADP
iiclr-17591	2475	16	actual	actual	ADJ
iiclr-17591	2475	17	cases	case	NOUN
iiclr-17591	2475	18	concerning	concern	VERB
iiclr-17591	2475	19	directors	director	NOUN
iiclr-17591	2475	20	'	'	PART
iiclr-17591	2475	21	liability	liability	NOUN
iiclr-17591	2475	22	and	and	CCONJ
iiclr-17591	2475	23	the	the	DET
iiclr-17591	2475	24	prognosis	prognosis	NOUN
iiclr-17591	2475	25	about	about	ADP
iiclr-17591	2475	26	the	the	DET
iiclr-17591	2475	27	probable	probable	ADJ
iiclr-17591	2475	28	evolution	evolution	NOUN
iiclr-17591	2475	29	of	of	ADP
iiclr-17591	2475	30	italian	italian	ADJ
iiclr-17591	2475	31	capitalism	capitalism	NOUN
iiclr-17591	2475	32	.	.	PUNCT
iiclr-17591	2476	1	a.	a.	NOUN
iiclr-17591	2477	1	the	the	DET
iiclr-17591	2477	2	empirical	empirical	ADJ
iiclr-17591	2477	3	evidence	evidence	NOUN
iiclr-17591	2477	4	.	.	PUNCT
iiclr-17591	2478	1	a.i	a.i	PROPN
iiclr-17591	2478	2	.	.	PROPN
iiclr-17591	2479	1	an	an	DET
iiclr-17591	2479	2	overwhelming	overwhelming	ADJ
iiclr-17591	2479	3	number	number	NOUN
iiclr-17591	2479	4	of	of	ADP
iiclr-17591	2479	5	liability	liability	NOUN
iiclr-17591	2479	6	actions	action	NOUN
iiclr-17591	2479	7	against	against	ADP
iiclr-17591	2479	8	directors	director	NOUN
iiclr-17591	2479	9	is	be	AUX
iiclr-17591	2479	10	brought	bring	VERB
iiclr-17591	2479	11	by	by	ADP
iiclr-17591	2479	12	bankruptcy	bankruptcy	NOUN
iiclr-17591	2479	13	trustees	trustee	NOUN
iiclr-17591	2479	14	.	.	PUNCT
iiclr-17591	2480	1	suits	suit	NOUN
iiclr-17591	2480	2	against	against	ADP
iiclr-17591	2480	3	directors	director	NOUN
iiclr-17591	2480	4	brought	bring	VERB
iiclr-17591	2480	5	by	by	ADP
iiclr-17591	2480	6	non	non	ADJ
iiclr-17591	2480	7	-	-	ADJ
iiclr-17591	2480	8	bankrupt	bankrupt	ADJ
iiclr-17591	2480	9	companies	company	NOUN
iiclr-17591	2480	10	are	be	AUX
iiclr-17591	2480	11	exceptional	exceptional	ADJ
iiclr-17591	2480	12	,	,	PUNCT
iiclr-17591	2480	13	and	and	CCONJ
iiclr-17591	2480	14	are	be	AUX
iiclr-17591	2480	15	normally	normally	ADV
iiclr-17591	2480	16	the	the	DET
iiclr-17591	2480	17	consequence	consequence	NOUN
iiclr-17591	2480	18	of	of	ADP
iiclr-17591	2480	19	a	a	DET
iiclr-17591	2480	20	reversal	reversal	NOUN
iiclr-17591	2480	21	in	in	ADP
iiclr-17591	2480	22	alliances	alliance	NOUN
iiclr-17591	2480	23	or	or	CCONJ
iiclr-17591	2480	24	of	of	ADP
iiclr-17591	2480	25	a	a	DET
iiclr-17591	2480	26	change	change	NOUN
iiclr-17591	2480	27	in	in	ADP
iiclr-17591	2480	28	control	control	NOUN
iiclr-17591	2480	29	.	.	PUNCT
iiclr-17591	2481	1	a.2	a.2	PUNCT
iiclr-17591	2481	2	.	.	PUNCT
iiclr-17591	2482	1	published	publish	VERB
iiclr-17591	2482	2	cases	case	NOUN
iiclr-17591	2482	3	,	,	PUNCT
iiclr-17591	2482	4	however	however	ADV
iiclr-17591	2482	5	,	,	PUNCT
iiclr-17591	2482	6	show	show	VERB
iiclr-17591	2482	7	a	a	DET
iiclr-17591	2482	8	number	number	NOUN
iiclr-17591	2482	9	of	of	ADP
iiclr-17591	2482	10	actions	action	NOUN
iiclr-17591	2482	11	brought	bring	VERB
iiclr-17591	2482	12	by	by	ADP
iiclr-17591	2482	13	minority	minority	NOUN
iiclr-17591	2482	14	shareholders	shareholder	NOUN
iiclr-17591	2482	15	aiming	aim	VERB
iiclr-17591	2482	16	at	at	ADP
iiclr-17591	2482	17	challenging	challenge	VERB
iiclr-17591	2482	18	directors	director	NOUN
iiclr-17591	2482	19	'	'	PART
iiclr-17591	2482	20	business	business	NOUN
iiclr-17591	2482	21	policy	policy	NOUN
iiclr-17591	2482	22	or	or	CCONJ
iiclr-17591	2482	23	acts	act	VERB
iiclr-17591	2482	24	in	in	ADP
iiclr-17591	2482	25	conflict	conflict	NOUN
iiclr-17591	2482	26	of	of	ADP
iiclr-17591	2482	27	interest	interest	NOUN
iiclr-17591	2482	28	.	.	PUNCT
iiclr-17591	2483	1	very	very	ADV
iiclr-17591	2483	2	rarely	rarely	ADV
iiclr-17591	2483	3	such	such	ADJ
iiclr-17591	2483	4	actions	action	NOUN
iiclr-17591	2483	5	take	take	VERB
iiclr-17591	2483	6	the	the	DET
iiclr-17591	2483	7	form	form	NOUN
iiclr-17591	2483	8	of	of	ADP
iiclr-17591	2483	9	liability	liability	NOUN
iiclr-17591	2483	10	suits	suit	NOUN
iiclr-17591	2483	11	,	,	PUNCT
iiclr-17591	2483	12	and	and	CCONJ
iiclr-17591	2483	13	when	when	SCONJ
iiclr-17591	2483	14	they	they	PRON
iiclr-17591	2483	15	do	do	VERB
iiclr-17591	2483	16	,	,	PUNCT
iiclr-17591	2483	17	courts	court	NOUN
iiclr-17591	2483	18	generally	generally	ADV
iiclr-17591	2483	19	reject	reject	VERB
iiclr-17591	2483	20	them	they	PRON
iiclr-17591	2483	21	on	on	ADP
iiclr-17591	2483	22	the	the	DET
iiclr-17591	2483	23	basis	basis	NOUN
iiclr-17591	2483	24	of	of	ADP
iiclr-17591	2483	25	civil	civil	ADJ
iiclr-17591	2483	26	code	code	NOUN
iiclr-17591	2483	27	art	art	NOUN
iiclr-17591	2483	28	.	.	PUNCT
iiclr-17591	2484	1	2393	2393	NUM
iiclr-17591	2484	2	(	(	PUNCT
iiclr-17591	2484	3	italy	italy	PROPN
iiclr-17591	2484	4	)	)	PUNCT
iiclr-17591	2484	5	,	,	PUNCT
iiclr-17591	2484	6	which	which	PRON
iiclr-17591	2484	7	requires	require	VERB
iiclr-17591	2484	8	a	a	DET
iiclr-17591	2484	9	majority	majority	NOUN
iiclr-17591	2484	10	vote	vote	NOUN
iiclr-17591	2484	11	to	to	PART
iiclr-17591	2484	12	institute	institute	VERB
iiclr-17591	2484	13	liability	liability	NOUN
iiclr-17591	2484	14	actions	action	NOUN
iiclr-17591	2484	15	against	against	ADP
iiclr-17591	2484	16	directors	director	NOUN
iiclr-17591	2484	17	.	.	PUNCT
iiclr-17591	2485	1	b.	b.	PROPN
iiclr-17591	2485	2	policy	policy	NOUN
iiclr-17591	2485	3	considerations	consideration	NOUN
iiclr-17591	2485	4	.	.	PUNCT
iiclr-17591	2486	1	b.l	b.l	PROPN
iiclr-17591	2486	2	.	.	PROPN
iiclr-17591	2487	1	a	a	DET
iiclr-17591	2487	2	system	system	NOUN
iiclr-17591	2487	3	of	of	ADP
iiclr-17591	2487	4	corporate	corporate	ADJ
iiclr-17591	2487	5	governance	governance	NOUN
iiclr-17591	2487	6	largely	largely	ADV
iiclr-17591	2487	7	built	build	VERB
iiclr-17591	2487	8	on	on	ADP
iiclr-17591	2487	9	strong	strong	ADJ
iiclr-17591	2487	10	spontaneous	spontaneous	ADJ
iiclr-17591	2487	11	incentives	incentive	NOUN
iiclr-17591	2487	12	for	for	ADP
iiclr-17591	2487	13	the	the	DET
iiclr-17591	2487	14	majority	majority	NOUN
iiclr-17591	2487	15	,	,	PUNCT
iiclr-17591	2487	16	like	like	ADP
iiclr-17591	2487	17	the	the	DET
iiclr-17591	2487	18	italian	italian	ADJ
iiclr-17591	2487	19	system	system	NOUN
iiclr-17591	2487	20	,	,	PUNCT
iiclr-17591	2487	21	can	can	AUX
iiclr-17591	2487	22	remove	remove	VERB
iiclr-17591	2487	23	from	from	ADP
iiclr-17591	2487	24	the	the	DET
iiclr-17591	2487	25	courts	court	NOUN
iiclr-17591	2487	26	the	the	DET
iiclr-17591	2487	27	enforcement	enforcement	NOUN
iiclr-17591	2487	28	of	of	ADP
iiclr-17591	2487	29	the	the	DET
iiclr-17591	2487	30	duty	duty	NOUN
iiclr-17591	2487	31	of	of	ADP
iiclr-17591	2487	32	care	care	NOUN
iiclr-17591	2487	33	,	,	PUNCT
iiclr-17591	2487	34	but	but	CCONJ
iiclr-17591	2487	35	can	can	AUX
iiclr-17591	2487	36	not	not	PART
iiclr-17591	2487	37	abstain	abstain	VERB
iiclr-17591	2487	38	from	from	ADP
iiclr-17591	2487	39	the	the	DET
iiclr-17591	2487	40	close	close	ADJ
iiclr-17591	2487	41	enforcement	enforcement	NOUN
iiclr-17591	2487	42	,	,	PUNCT
iiclr-17591	2487	43	with	with	ADP
iiclr-17591	2487	44	all	all	DET
iiclr-17591	2487	45	possible	possible	ADJ
iiclr-17591	2487	46	means	mean	NOUN
iiclr-17591	2487	47	,	,	PUNCT
iiclr-17591	2487	48	of	of	ADP
iiclr-17591	2487	49	the	the	DET
iiclr-17591	2487	50	duty	duty	NOUN
iiclr-17591	2487	51	of	of	ADP
iiclr-17591	2487	52	loyalty	loyalty	NOUN
iiclr-17591	2487	53	.	.	PUNCT
iiclr-17591	2488	1	as	as	SCONJ
iiclr-17591	2488	2	the	the	DET
iiclr-17591	2488	3	shareholders	shareholder	NOUN
iiclr-17591	2488	4	'	'	PART
iiclr-17591	2488	5	vote	vote	NOUN
iiclr-17591	2488	6	requirement	requirement	NOUN
iiclr-17591	2488	7	for	for	ADP
iiclr-17591	2488	8	suits	suit	NOUN
iiclr-17591	2488	9	against	against	ADP
iiclr-17591	2488	10	directors	director	NOUN
iiclr-17591	2488	11	lends	lend	VERB
iiclr-17591	2488	12	itself	itself	PRON
iiclr-17591	2488	13	to	to	ADP
iiclr-17591	2488	14	abuses	abuse	NOUN
iiclr-17591	2488	15	and	and	CCONJ
iiclr-17591	2488	16	may	may	AUX
iiclr-17591	2488	17	prevent	prevent	VERB
iiclr-17591	2488	18	relief	relief	NOUN
iiclr-17591	2488	19	against	against	ADP
iiclr-17591	2488	20	violations	violation	NOUN
iiclr-17591	2488	21	of	of	ADP
iiclr-17591	2488	22	the	the	DET
iiclr-17591	2488	23	duty	duty	NOUN
iiclr-17591	2488	24	of	of	ADP
iiclr-17591	2488	25	loyalty	loyalty	NOUN
iiclr-17591	2488	26	,	,	PUNCT
iiclr-17591	2488	27	the	the	DET
iiclr-17591	2488	28	italian	italian	ADJ
iiclr-17591	2488	29	legal	legal	ADJ
iiclr-17591	2488	30	framework	framework	NOUN
iiclr-17591	2488	31	proves	prove	VERB
iiclr-17591	2488	32	to	to	PART
iiclr-17591	2488	33	be	be	AUX
iiclr-17591	2488	34	dangerously	dangerously	ADV
iiclr-17591	2488	35	weak	weak	ADJ
iiclr-17591	2488	36	on	on	ADP
iiclr-17591	2488	37	this	this	DET
iiclr-17591	2488	38	particular	particular	ADJ
iiclr-17591	2488	39	point	point	NOUN
iiclr-17591	2488	40	.	.	PUNCT
iiclr-17591	2489	1	b.2	b.2	X
iiclr-17591	2489	2	.	.	PUNCT
iiclr-17591	2490	1	the	the	DET
iiclr-17591	2490	2	concentrated	concentrated	ADJ
iiclr-17591	2490	3	ownership	ownership	NOUN
iiclr-17591	2490	4	structure	structure	NOUN
iiclr-17591	2490	5	of	of	ADP
iiclr-17591	2490	6	italian	italian	ADJ
iiclr-17591	2490	7	companies	company	NOUN
iiclr-17591	2490	8	may	may	AUX
iiclr-17591	2490	9	be	be	AUX
iiclr-17591	2490	10	the	the	DET
iiclr-17591	2490	11	product	product	NOUN
iiclr-17591	2490	12	of	of	ADP
iiclr-17591	2490	13	the	the	DET
iiclr-17591	2490	14	governance	governance	NOUN
iiclr-17591	2490	15	problems	problem	NOUN
iiclr-17591	2490	16	of	of	ADP
iiclr-17591	2490	17	long	long	ADJ
iiclr-17591	2490	18	-	-	PUNCT
iiclr-17591	2490	19	term	term	NOUN
iiclr-17591	2490	20	relationships	relationship	NOUN
iiclr-17591	2490	21	based	base	VERB
iiclr-17591	2490	22	in	in	ADP
iiclr-17591	2490	23	equity	equity	NOUN
iiclr-17591	2490	24	.	.	PUNCT
iiclr-17591	2491	1	the	the	DET
iiclr-17591	2491	2	lack	lack	NOUN
iiclr-17591	2491	3	of	of	ADP
iiclr-17591	2491	4	sufficient	sufficient	ADJ
iiclr-17591	2491	5	remedies	remedy	NOUN
iiclr-17591	2491	6	against	against	ADP
iiclr-17591	2491	7	opportunistic	opportunistic	ADJ
iiclr-17591	2491	8	behavior	behavior	NOUN
iiclr-17591	2491	9	by	by	ADP
iiclr-17591	2491	10	majority	majority	NOUN
iiclr-17591	2491	11	shareholders	shareholder	NOUN
iiclr-17591	2491	12	may	may	AUX
iiclr-17591	2491	13	discourage	discourage	VERB
iiclr-17591	2491	14	potential	potential	ADJ
iiclr-17591	2491	15	suppliers	supplier	NOUN
iiclr-17591	2491	16	of	of	ADP
iiclr-17591	2491	17	factors	factor	NOUN
iiclr-17591	2491	18	of	of	ADP
iiclr-17591	2491	19	production	production	NOUN
iiclr-17591	2491	20	from	from	ADP
iiclr-17591	2491	21	realizing	realize	VERB
iiclr-17591	2491	22	synergies	synergy	NOUN
iiclr-17591	2491	23	by	by	ADP
iiclr-17591	2491	24	means	mean	NOUN
iiclr-17591	2491	25	of	of	ADP
iiclr-17591	2491	26	common	common	ADJ
iiclr-17591	2491	27	ventures	venture	NOUN
iiclr-17591	2491	28	.	.	PUNCT
iiclr-17591	2492	1	b.3	b.3	PUNCT
iiclr-17591	2492	2	.	.	PUNCT
iiclr-17591	2493	1	it	it	PRON
iiclr-17591	2493	2	is	be	AUX
iiclr-17591	2493	3	a	a	DET
iiclr-17591	2493	4	fair	fair	ADJ
iiclr-17591	2493	5	assumption	assumption	NOUN
iiclr-17591	2493	6	that	that	SCONJ
iiclr-17591	2493	7	the	the	DET
iiclr-17591	2493	8	difficulty	difficulty	NOUN
iiclr-17591	2493	9	of	of	ADP
iiclr-17591	2493	10	challenging	challenge	VERB
iiclr-17591	2493	11	the	the	DET
iiclr-17591	2493	12	majority	majority	NOUN
iiclr-17591	2493	13	shareholders	shareholder	NOUN
iiclr-17591	2493	14	'	'	PART
iiclr-17591	2493	15	policy	policy	NOUN
iiclr-17591	2493	16	discourages	discourage	VERB
iiclr-17591	2493	17	investors	investor	NOUN
iiclr-17591	2493	18	from	from	ADP
iiclr-17591	2493	19	buying	buy	VERB
iiclr-17591	2493	20	minority	minority	NOUN
iiclr-17591	2493	21	stakes	stake	NOUN
iiclr-17591	2493	22	.	.	PUNCT
iiclr-17591	2494	1	the	the	DET
iiclr-17591	2494	2	costs	cost	NOUN
iiclr-17591	2494	3	of	of	ADP
iiclr-17591	2494	4	such	such	ADJ
iiclr-17591	2494	5	discouragement	discouragement	NOUN
iiclr-17591	2494	6	are	be	AUX
iiclr-17591	2494	7	not	not	PART
iiclr-17591	2494	8	easily	easily	ADV
iiclr-17591	2494	9	quantifiable	quantifiable	ADJ
iiclr-17591	2494	10	.	.	PUNCT
iiclr-17591	2495	1	297	297	NUM
iiclr-17591	2495	2	.	.	PUNCT
iiclr-17591	2496	1	roe	roe	NOUN
iiclr-17591	2496	2	,	,	PUNCT
iiclr-17591	2496	3	supra	supra	PROPN
iiclr-17591	2496	4	note	note	PROPN
iiclr-17591	2496	5	16	16	NUM
iiclr-17591	2496	6	,	,	PUNCT
iiclr-17591	2496	7	at	at	ADP
iiclr-17591	2496	8	14	14	NUM
iiclr-17591	2496	9	(	(	PUNCT
iiclr-17591	2496	10	stressing	stress	VERB
iiclr-17591	2496	11	that	that	SCONJ
iiclr-17591	2496	12	productivity	productivity	NOUN
iiclr-17591	2496	13	successes	success	NOUN
iiclr-17591	2496	14	or	or	CCONJ
iiclr-17591	2496	15	failures	failure	NOUN
iiclr-17591	2496	16	alone	alone	ADV
iiclr-17591	2496	17	do	do	AUX
iiclr-17591	2496	18	not	not	PART
iiclr-17591	2496	19	tell	tell	VERB
iiclr-17591	2496	20	whether	whether	SCONJ
iiclr-17591	2496	21	corporate	corporate	ADJ
iiclr-17591	2496	22	governance	governance	NOUN
iiclr-17591	2496	23	systems	system	NOUN
iiclr-17591	2496	24	in	in	ADP
iiclr-17591	2496	25	which	which	PRON
iiclr-17591	2496	26	they	they	PRON
iiclr-17591	2496	27	take	take	VERB
iiclr-17591	2496	28	place	place	NOUN
iiclr-17591	2496	29	are	be	AUX
iiclr-17591	2496	30	optimal	optimal	ADJ
iiclr-17591	2496	31	or	or	CCONJ
iiclr-17591	2496	32	not	not	PART
iiclr-17591	2496	33	)	)	PUNCT
iiclr-17591	2496	34	.	.	PUNCT
iiclr-17591	2497	1	298	298	NUM
iiclr-17591	2497	2	.	.	X
iiclr-17591	2497	3	gilson	gilson	PROPN
iiclr-17591	2497	4	,	,	PUNCT
iiclr-17591	2497	5	supra	supra	PROPN
iiclr-17591	2497	6	note	note	PROPN
iiclr-17591	2497	7	117	117	NUM
iiclr-17591	2497	8	,	,	PUNCT
iiclr-17591	2497	9	at	at	ADP
iiclr-17591	2497	10	175	175	NUM
iiclr-17591	2497	11	.	.	PUNCT
iiclr-17591	2498	1	[	[	X
iiclr-17591	2498	2	vol	vol	NOUN
iiclr-17591	2498	3	.	.	PUNCT
iiclr-17591	2499	1	6:1	6:1	NUM
iiclr-17591	2499	2	corporate	corporate	ADJ
iiclr-17591	2499	3	governance	governance	NOUN
iiclr-17591	2499	4	in	in	ADP
iiclr-17591	2499	5	italy	italy	PROPN
iiclr-17591	2499	6	b.4	b.4	PROPN
iiclr-17591	2499	7	.	.	PUNCT
iiclr-17591	2500	1	derivative	derivative	ADJ
iiclr-17591	2500	2	suits	suit	NOUN
iiclr-17591	2500	3	against	against	ADP
iiclr-17591	2500	4	directors	director	NOUN
iiclr-17591	2500	5	for	for	ADP
iiclr-17591	2500	6	conflict	conflict	NOUN
iiclr-17591	2500	7	of	of	ADP
iiclr-17591	2500	8	interest	interest	NOUN
iiclr-17591	2500	9	seem	seem	VERB
iiclr-17591	2500	10	to	to	PART
iiclr-17591	2500	11	be	be	AUX
iiclr-17591	2500	12	the	the	DET
iiclr-17591	2500	13	appropriate	appropriate	ADJ
iiclr-17591	2500	14	balance	balance	NOUN
iiclr-17591	2500	15	.	.	PUNCT
iiclr-17591	2501	1	vi	vi	X
iiclr-17591	2501	2	.	.	NOUN
iiclr-17591	2501	3	conclusion	conclusion	NOUN
iiclr-17591	2501	4	:	:	PUNCT
iiclr-17591	2501	5	what	what	PRON
iiclr-17591	2501	6	part	part	NOUN
iiclr-17591	2501	7	for	for	ADP
iiclr-17591	2501	8	the	the	DET
iiclr-17591	2501	9	owners	owner	NOUN
iiclr-17591	2501	10	of	of	ADP
iiclr-17591	2501	11	the	the	DET
iiclr-17591	2501	12	firm	firm	NOUN
iiclr-17591	2501	13	in	in	ADP
iiclr-17591	2501	14	a	a	DET
iiclr-17591	2501	15	mature	mature	ADJ
iiclr-17591	2501	16	economy	economy	NOUN
iiclr-17591	2501	17	?	?	PUNCT
iiclr-17591	2502	1	comparative	comparative	ADJ
iiclr-17591	2502	2	corporate	corporate	ADJ
iiclr-17591	2502	3	governance	governance	NOUN
iiclr-17591	2502	4	is	be	AUX
iiclr-17591	2502	5	,	,	PUNCT
iiclr-17591	2502	6	in	in	ADP
iiclr-17591	2502	7	many	many	ADJ
iiclr-17591	2502	8	respects	respect	NOUN
iiclr-17591	2502	9	,	,	PUNCT
iiclr-17591	2502	10	the	the	DET
iiclr-17591	2502	11	study	study	NOUN
iiclr-17591	2502	12	of	of	ADP
iiclr-17591	2502	13	how	how	SCONJ
iiclr-17591	2502	14	different	different	ADJ
iiclr-17591	2502	15	systems	system	NOUN
iiclr-17591	2502	16	react	react	VERB
iiclr-17591	2502	17	to	to	ADP
iiclr-17591	2502	18	the	the	DET
iiclr-17591	2502	19	same	same	ADJ
iiclr-17591	2502	20	problem	problem	NOUN
iiclr-17591	2502	21	of	of	ADP
iiclr-17591	2502	22	separation	separation	NOUN
iiclr-17591	2502	23	between	between	ADP
iiclr-17591	2502	24	ownership	ownership	NOUN
iiclr-17591	2502	25	and	and	CCONJ
iiclr-17591	2502	26	control	control	NOUN
iiclr-17591	2502	27	.	.	PUNCT
iiclr-17591	2503	1	the	the	DET
iiclr-17591	2503	2	causes	cause	NOUN
iiclr-17591	2503	3	of	of	ADP
iiclr-17591	2503	4	the	the	DET
iiclr-17591	2503	5	separation	separation	NOUN
iiclr-17591	2503	6	of	of	ADP
iiclr-17591	2503	7	ownership	ownership	NOUN
iiclr-17591	2503	8	and	and	CCONJ
iiclr-17591	2503	9	control	control	NOUN
iiclr-17591	2503	10	and	and	CCONJ
iiclr-17591	2503	11	the	the	DET
iiclr-17591	2503	12	different	different	ADJ
iiclr-17591	2503	13	responses	response	NOUN
iiclr-17591	2503	14	of	of	ADP
iiclr-17591	2503	15	various	various	ADJ
iiclr-17591	2503	16	economic	economic	ADJ
iiclr-17591	2503	17	systems	system	NOUN
iiclr-17591	2503	18	to	to	ADP
iiclr-17591	2503	19	the	the	DET
iiclr-17591	2503	20	problem	problem	NOUN
iiclr-17591	2503	21	of	of	ADP
iiclr-17591	2503	22	agency	agency	NOUN
iiclr-17591	2503	23	cost	cost	NOUN
iiclr-17591	2503	24	it	it	PRON
iiclr-17591	2503	25	poses	pose	NOUN
iiclr-17591	2503	26	have	have	AUX
iiclr-17591	2503	27	been	be	AUX
iiclr-17591	2503	28	explained	explain	VERB
iiclr-17591	2503	29	in	in	ADP
iiclr-17591	2503	30	historical	historical	ADJ
iiclr-17591	2503	31	perspective.2	perspective.2	ADP
iiclr-17591	2503	32	the	the	DET
iiclr-17591	2503	33	phenomenon	phenomenon	NOUN
iiclr-17591	2503	34	of	of	ADP
iiclr-17591	2503	35	separation	separation	NOUN
iiclr-17591	2503	36	between	between	ADP
iiclr-17591	2503	37	ownership	ownership	NOUN
iiclr-17591	2503	38	and	and	CCONJ
iiclr-17591	2503	39	control	control	NOUN
iiclr-17591	2503	40	itself	itself	PRON
iiclr-17591	2503	41	,	,	PUNCT
iiclr-17591	2503	42	however	however	ADV
iiclr-17591	2503	43	,	,	PUNCT
iiclr-17591	2503	44	has	have	VERB
iiclr-17591	2503	45	not	not	PART
iiclr-17591	2503	46	.	.	PUNCT
iiclr-17591	2504	1	with	with	ADP
iiclr-17591	2504	2	an	an	DET
iiclr-17591	2504	3	industrial	industrial	ADJ
iiclr-17591	2504	4	system	system	NOUN
iiclr-17591	2504	5	characterized	characterize	VERB
iiclr-17591	2504	6	by	by	ADP
iiclr-17591	2504	7	reduced	reduced	ADJ
iiclr-17591	2504	8	or	or	CCONJ
iiclr-17591	2504	9	absent	absent	ADJ
iiclr-17591	2504	10	separation	separation	NOUN
iiclr-17591	2504	11	between	between	ADP
iiclr-17591	2504	12	ownership	ownership	NOUN
iiclr-17591	2504	13	and	and	CCONJ
iiclr-17591	2504	14	control	control	NOUN
iiclr-17591	2504	15	,	,	PUNCT
iiclr-17591	2504	16	italy	italy	PROPN
iiclr-17591	2504	17	could	could	AUX
iiclr-17591	2504	18	easily	easily	ADV
iiclr-17591	2504	19	be	be	AUX
iiclr-17591	2504	20	classified	classify	VERB
iiclr-17591	2504	21	as	as	ADP
iiclr-17591	2504	22	a	a	DET
iiclr-17591	2504	23	"	"	PUNCT
iiclr-17591	2504	24	laggard	laggard	NOUN
iiclr-17591	2504	25	"	"	PUNCT
iiclr-17591	2504	26	from	from	ADP
iiclr-17591	2504	27	a	a	DET
iiclr-17591	2504	28	corporate	corporate	ADJ
iiclr-17591	2504	29	governance	governance	NOUN
iiclr-17591	2504	30	standpoint	standpoint	NOUN
iiclr-17591	2504	31	,	,	PUNCT
iiclr-17591	2504	32	a	a	DET
iiclr-17591	2504	33	remnant	remnant	NOUN
iiclr-17591	2504	34	of	of	ADP
iiclr-17591	2504	35	a	a	DET
iiclr-17591	2504	36	slower	slow	ADJ
iiclr-17591	2504	37	or	or	CCONJ
iiclr-17591	2504	38	of	of	ADP
iiclr-17591	2504	39	an	an	DET
iiclr-17591	2504	40	interrupted	interrupted	ADJ
iiclr-17591	2504	41	evolutionary	evolutionary	ADJ
iiclr-17591	2504	42	path	path	NOUN
iiclr-17591	2504	43	.	.	PUNCT
iiclr-17591	2504	44	'	'	PUNCT
iiclr-17591	2505	1	as	as	SCONJ
iiclr-17591	2505	2	some	some	PRON
iiclr-17591	2505	3	of	of	ADP
iiclr-17591	2505	4	the	the	DET
iiclr-17591	2505	5	features	feature	NOUN
iiclr-17591	2505	6	of	of	ADP
iiclr-17591	2505	7	the	the	DET
iiclr-17591	2505	8	italian	italian	ADJ
iiclr-17591	2505	9	system	system	NOUN
iiclr-17591	2505	10	are	be	AUX
iiclr-17591	2505	11	shared	share	VERB
iiclr-17591	2505	12	by	by	ADP
iiclr-17591	2505	13	the	the	DET
iiclr-17591	2505	14	french	french	ADJ
iiclr-17591	2505	15	system	system	NOUN
iiclr-17591	2505	16	,	,	PUNCT
iiclr-17591	2505	17	italy	italy	PROPN
iiclr-17591	2505	18	and	and	CCONJ
iiclr-17591	2505	19	france	france	PROPN
iiclr-17591	2505	20	introduce	introduce	VERB
iiclr-17591	2505	21	a	a	DET
iiclr-17591	2505	22	number	number	NOUN
iiclr-17591	2505	23	of	of	ADP
iiclr-17591	2505	24	unusual	unusual	ADJ
iiclr-17591	2505	25	questions	question	NOUN
iiclr-17591	2505	26	in	in	ADP
iiclr-17591	2505	27	the	the	DET
iiclr-17591	2505	28	corporate	corporate	ADJ
iiclr-17591	2505	29	governance	governance	NOUN
iiclr-17591	2505	30	debate	debate	NOUN
iiclr-17591	2505	31	.	.	PUNCT
iiclr-17591	2506	1	it	it	PRON
iiclr-17591	2506	2	is	be	AUX
iiclr-17591	2506	3	not	not	PART
iiclr-17591	2506	4	by	by	ADP
iiclr-17591	2506	5	chance	chance	NOUN
iiclr-17591	2506	6	that	that	SCONJ
iiclr-17591	2506	7	studies	study	NOUN
iiclr-17591	2506	8	of	of	ADP
iiclr-17591	2506	9	corporate	corporate	ADJ
iiclr-17591	2506	10	governance	governance	NOUN
iiclr-17591	2506	11	rarely	rarely	ADV
iiclr-17591	2506	12	deal	deal	VERB
iiclr-17591	2506	13	with	with	ADP
iiclr-17591	2506	14	france	france	PROPN
iiclr-17591	2506	15	in	in	ADP
iiclr-17591	2506	16	depth	depth	NOUN
iiclr-17591	2506	17	,	,	PUNCT
iiclr-17591	2506	18	and	and	CCONJ
iiclr-17591	2506	19	largely	largely	ADV
iiclr-17591	2506	20	ignore	ignore	VERB
iiclr-17591	2506	21	italy,3	italy,3	NOUN
iiclr-17591	2506	22	"	"	PUNCT
iiclr-17591	2506	23	'	'	PUNCT
iiclr-17591	2506	24	notwithstanding	notwithstanding	ADP
iiclr-17591	2506	25	that	that	SCONJ
iiclr-17591	2506	26	both	both	DET
iiclr-17591	2506	27	countries	country	NOUN
iiclr-17591	2506	28	rank	rank	VERB
iiclr-17591	2506	29	very	very	ADV
iiclr-17591	2506	30	high	high	ADV
iiclr-17591	2506	31	among	among	ADP
iiclr-17591	2506	32	industrialized	industrialized	ADJ
iiclr-17591	2506	33	countries	country	NOUN
iiclr-17591	2506	34	as	as	ADP
iiclr-17591	2506	35	to	to	PART
iiclr-17591	2506	36	total	total	VERB
iiclr-17591	2506	37	and	and	CCONJ
iiclr-17591	2506	38	per	per	ADP
iiclr-17591	2506	39	capita	capita	X
iiclr-17591	2506	40	gnp.3"2	gnp.3"2	VERB
iiclr-17591	2506	41	the	the	DET
iiclr-17591	2506	42	corporate	corporate	ADJ
iiclr-17591	2506	43	governance	governance	NOUN
iiclr-17591	2506	44	debate	debate	NOUN
iiclr-17591	2506	45	has	have	AUX
iiclr-17591	2506	46	become	become	VERB
iiclr-17591	2506	47	a	a	DET
iiclr-17591	2506	48	debate	debate	NOUN
iiclr-17591	2506	49	over	over	ADP
iiclr-17591	2506	50	monitors	monitor	NOUN
iiclr-17591	2506	51	.	.	PUNCT
iiclr-17591	2507	1	professors	professor	NOUN
iiclr-17591	2507	2	roe	roe	PROPN
iiclr-17591	2507	3	and	and	CCONJ
iiclr-17591	2507	4	coffee	coffee	NOUN
iiclr-17591	2507	5	,	,	PUNCT
iiclr-17591	2507	6	taking	take	VERB
iiclr-17591	2507	7	different	different	ADJ
iiclr-17591	2507	8	sides	side	NOUN
iiclr-17591	2507	9	,	,	PUNCT
iiclr-17591	2507	10	have	have	AUX
iiclr-17591	2507	11	given	give	VERB
iiclr-17591	2507	12	an	an	DET
iiclr-17591	2507	13	answer	answer	NOUN
iiclr-17591	2507	14	to	to	ADP
iiclr-17591	2507	15	the	the	DET
iiclr-17591	2507	16	question	question	NOUN
iiclr-17591	2507	17	why	why	SCONJ
iiclr-17591	2507	18	american	american	ADJ
iiclr-17591	2507	19	institutional	institutional	ADJ
iiclr-17591	2507	20	investors	investor	NOUN
iiclr-17591	2507	21	have	have	VERB
iiclr-17591	2507	22	so	so	ADV
iiclr-17591	2507	23	diversified	diversify	VERB
iiclr-17591	2507	24	portfolios	portfolio	NOUN
iiclr-17591	2507	25	,	,	PUNCT
iiclr-17591	2507	26	and	and	CCONJ
iiclr-17591	2507	27	therefore	therefore	ADV
iiclr-17591	2507	28	are	be	AUX
iiclr-17591	2507	29	such	such	ADJ
iiclr-17591	2507	30	poor	poor	ADJ
iiclr-17591	2507	31	monitors	monitor	NOUN
iiclr-17591	2507	32	.	.	PUNCT
iiclr-17591	2507	33	"	"	PUNCT
iiclr-17591	2508	1	3	3	NUM
iiclr-17591	2508	2	this	this	DET
iiclr-17591	2508	3	emphasis	emphasis	NOUN
iiclr-17591	2508	4	on	on	ADP
iiclr-17591	2508	5	monitoring	monitoring	NOUN
iiclr-17591	2508	6	has	have	AUX
iiclr-17591	2508	7	caused	cause	VERB
iiclr-17591	2508	8	a	a	DET
iiclr-17591	2508	9	strange	strange	ADJ
iiclr-17591	2508	10	phenomenon	phenomenon	NOUN
iiclr-17591	2508	11	:	:	PUNCT
iiclr-17591	2508	12	as	as	SCONJ
iiclr-17591	2508	13	the	the	DET
iiclr-17591	2508	14	owners	owner	NOUN
iiclr-17591	2508	15	'	'	PART
iiclr-17591	2508	16	inability	inability	NOUN
iiclr-17591	2508	17	to	to	PART
iiclr-17591	2508	18	fend	fend	VERB
iiclr-17591	2508	19	for	for	ADP
iiclr-17591	2508	20	themselves	themselves	PRON
iiclr-17591	2508	21	has	have	AUX
iiclr-17591	2508	22	been	be	AUX
iiclr-17591	2508	23	taken	take	VERB
iiclr-17591	2508	24	for	for	ADP
iiclr-17591	2508	25	granted	grant	VERB
iiclr-17591	2508	26	,	,	PUNCT
iiclr-17591	2508	27	in	in	ADP
iiclr-17591	2508	28	proposals	proposal	NOUN
iiclr-17591	2508	29	for	for	ADP
iiclr-17591	2508	30	improving	improve	VERB
iiclr-17591	2508	31	they	they	PRON
iiclr-17591	2508	32	have	have	AUX
iiclr-17591	2508	33	been	be	AUX
iiclr-17591	2508	34	skipped	skip	VERB
iiclr-17591	2508	35	and	and	CCONJ
iiclr-17591	2508	36	forgotten	forget	VERB
iiclr-17591	2508	37	.	.	PUNCT
iiclr-17591	2509	1	corporate	corporate	ADJ
iiclr-17591	2509	2	governance	governance	NOUN
iiclr-17591	2509	3	literature	literature	NOUN
iiclr-17591	2509	4	should	should	AUX
iiclr-17591	2509	5	not	not	PART
iiclr-17591	2509	6	only	only	ADV
iiclr-17591	2509	7	closely	closely	ADV
iiclr-17591	2509	8	examine	examine	VERB
iiclr-17591	2509	9	which	which	PRON
iiclr-17591	2509	10	institutions	institution	NOUN
iiclr-17591	2509	11	are	be	AUX
iiclr-17591	2509	12	better	well	ADV
iiclr-17591	2509	13	situated	situated	ADJ
iiclr-17591	2509	14	to	to	PART
iiclr-17591	2509	15	monitor	monitor	VERB
iiclr-17591	2509	16	managers	manager	NOUN
iiclr-17591	2509	17	when	when	SCONJ
iiclr-17591	2509	18	ownership	ownership	NOUN
iiclr-17591	2509	19	and	and	CCONJ
iiclr-17591	2509	20	control	control	NOUN
iiclr-17591	2509	21	become	become	VERB
iiclr-17591	2509	22	separated	separate	VERB
iiclr-17591	2509	23	,	,	PUNCT
iiclr-17591	2509	24	but	but	CCONJ
iiclr-17591	2509	25	also	also	ADV
iiclr-17591	2509	26	understand	understand	VERB
iiclr-17591	2509	27	precisely	precisely	ADV
iiclr-17591	2509	28	at	at	ADP
iiclr-17591	2509	29	which	which	DET
iiclr-17591	2509	30	point	point	NOUN
iiclr-17591	2509	31	separation	separation	NOUN
iiclr-17591	2509	32	299	299	NUM
iiclr-17591	2509	33	.	.	PUNCT
iiclr-17591	2510	1	the	the	DET
iiclr-17591	2510	2	most	most	ADV
iiclr-17591	2510	3	complete	complete	ADJ
iiclr-17591	2510	4	attempt	attempt	NOUN
iiclr-17591	2510	5	to	to	PART
iiclr-17591	2510	6	provide	provide	VERB
iiclr-17591	2510	7	a	a	DET
iiclr-17591	2510	8	historical	historical	ADJ
iiclr-17591	2510	9	explanation	explanation	NOUN
iiclr-17591	2510	10	for	for	ADP
iiclr-17591	2510	11	the	the	DET
iiclr-17591	2510	12	emergence	emergence	NOUN
iiclr-17591	2510	13	of	of	ADP
iiclr-17591	2510	14	different	different	ADJ
iiclr-17591	2510	15	corporate	corporate	ADJ
iiclr-17591	2510	16	governance	governance	NOUN
iiclr-17591	2510	17	patterns	pattern	NOUN
iiclr-17591	2510	18	is	be	AUX
iiclr-17591	2510	19	that	that	SCONJ
iiclr-17591	2510	20	by	by	ADP
iiclr-17591	2510	21	roe	roe	PROPN
iiclr-17591	2510	22	,	,	PUNCT
iiclr-17591	2510	23	supra	supra	PROPN
iiclr-17591	2510	24	note	note	PROPN
iiclr-17591	2510	25	16	16	NUM
iiclr-17591	2510	26	,	,	PUNCT
iiclr-17591	2510	27	who	who	PRON
iiclr-17591	2510	28	demonstrated	demonstrate	VERB
iiclr-17591	2510	29	the	the	DET
iiclr-17591	2510	30	pathdependent	pathdependent	NOUN
iiclr-17591	2510	31	,	,	PUNCT
iiclr-17591	2510	32	non	non	X
iiclr-17591	2510	33	a	a	DET
iiclr-17591	2510	34	priori	priori	X
iiclr-17591	2510	35	inevitable	inevitable	ADJ
iiclr-17591	2510	36	origin	origin	NOUN
iiclr-17591	2510	37	of	of	ADP
iiclr-17591	2510	38	the	the	DET
iiclr-17591	2510	39	berle	berle	NOUN
iiclr-17591	2510	40	-	-	PUNCT
iiclr-17591	2510	41	means	mean	VERB
iiclr-17591	2510	42	corporation	corporation	NOUN
iiclr-17591	2510	43	in	in	ADP
iiclr-17591	2510	44	america	america	PROPN
iiclr-17591	2510	45	.	.	PUNCT
iiclr-17591	2511	1	300	300	NUM
iiclr-17591	2511	2	.	.	PUNCT
iiclr-17591	2512	1	the	the	DET
iiclr-17591	2512	2	risk	risk	NOUN
iiclr-17591	2512	3	of	of	ADP
iiclr-17591	2512	4	considering	consider	VERB
iiclr-17591	2512	5	laggards	laggard	NOUN
iiclr-17591	2512	6	system	system	NOUN
iiclr-17591	2512	7	different	different	ADJ
iiclr-17591	2512	8	from	from	ADP
iiclr-17591	2512	9	those	those	PRON
iiclr-17591	2512	10	we	we	PRON
iiclr-17591	2512	11	are	be	AUX
iiclr-17591	2512	12	familiar	familiar	ADJ
iiclr-17591	2512	13	with	with	ADP
iiclr-17591	2512	14	is	be	AUX
iiclr-17591	2512	15	stressed	stress	VERB
iiclr-17591	2512	16	by	by	ADP
iiclr-17591	2512	17	gilson	gilson	PROPN
iiclr-17591	2512	18	&	&	CCONJ
iiclr-17591	2512	19	roe	roe	PROPN
iiclr-17591	2512	20	,	,	PUNCT
iiclr-17591	2512	21	supra	supra	PROPN
iiclr-17591	2512	22	note	note	PROPN
iiclr-17591	2512	23	179	179	NUM
iiclr-17591	2512	24	,	,	PUNCT
iiclr-17591	2512	25	at	at	ADP
iiclr-17591	2512	26	873	873	NUM
iiclr-17591	2512	27	.	.	PUNCT
iiclr-17591	2512	28	301	301	NUM
iiclr-17591	2512	29	.	.	PUNCT
iiclr-17591	2513	1	a	a	DET
iiclr-17591	2513	2	clear	clear	ADJ
iiclr-17591	2513	3	example	example	NOUN
iiclr-17591	2513	4	of	of	ADP
iiclr-17591	2513	5	the	the	DET
iiclr-17591	2513	6	difficulties	difficulty	NOUN
iiclr-17591	2513	7	encountered	encounter	VERB
iiclr-17591	2513	8	by	by	ADP
iiclr-17591	2513	9	the	the	DET
iiclr-17591	2513	10	traditional	traditional	ADJ
iiclr-17591	2513	11	corporate	corporate	ADJ
iiclr-17591	2513	12	governance	governance	NOUN
iiclr-17591	2513	13	studies	study	NOUN
iiclr-17591	2513	14	in	in	ADP
iiclr-17591	2513	15	dealing	deal	VERB
iiclr-17591	2513	16	with	with	ADP
iiclr-17591	2513	17	the	the	DET
iiclr-17591	2513	18	italian	italian	ADJ
iiclr-17591	2513	19	system	system	NOUN
iiclr-17591	2513	20	is	be	AUX
iiclr-17591	2513	21	offered	offer	VERB
iiclr-17591	2513	22	by	by	ADP
iiclr-17591	2513	23	the	the	DET
iiclr-17591	2513	24	(	(	PUNCT
iiclr-17591	2513	25	otherwise	otherwise	ADV
iiclr-17591	2513	26	remarkable	remarkable	ADJ
iiclr-17591	2513	27	)	)	PUNCT
iiclr-17591	2513	28	paper	paper	NOUN
iiclr-17591	2513	29	by	by	ADP
iiclr-17591	2513	30	eddy	eddy	PROPN
iiclr-17591	2513	31	wymeersch	wymeersch	PROPN
iiclr-17591	2513	32	,	,	PUNCT
iiclr-17591	2513	33	elements	element	NOUN
iiclr-17591	2513	34	of	of	ADP
iiclr-17591	2513	35	corporate	corporate	ADJ
iiclr-17591	2513	36	governance	governance	NOUN
iiclr-17591	2513	37	in	in	ADP
iiclr-17591	2513	38	western	western	PROPN
iiclr-17591	2513	39	europe	europe	PROPN
iiclr-17591	2513	40	,	,	PUNCT
iiclr-17591	2513	41	in	in	ADP
iiclr-17591	2513	42	aspecrs	aspecrs	ADJ
iiclr-17591	2513	43	ofcorporate	ofcorporate	ADJ
iiclr-17591	2513	44	governance	governance	NOUN
iiclr-17591	2513	45	.	.	PUNCT
iiclr-17591	2514	1	the	the	DET
iiclr-17591	2514	2	stockholm	stockholm	PROPN
iiclr-17591	2514	3	symposium	symposium	NOUN
iiclr-17591	2514	4	,	,	PUNCT
iiclr-17591	2514	5	supra	supra	PROPN
iiclr-17591	2514	6	note	note	NOUN
iiclr-17591	2514	7	226	226	NUM
iiclr-17591	2514	8	,	,	PUNCT
iiclr-17591	2514	9	at	at	ADP
iiclr-17591	2514	10	83	83	NUM
iiclr-17591	2514	11	.	.	PUNCT
iiclr-17591	2515	1	the	the	DET
iiclr-17591	2515	2	italian	italian	ADJ
iiclr-17591	2515	3	system	system	NOUN
iiclr-17591	2515	4	,	,	PUNCT
iiclr-17591	2515	5	after	after	ADP
iiclr-17591	2515	6	little	little	ADJ
iiclr-17591	2515	7	data	datum	NOUN
iiclr-17591	2515	8	,	,	PUNCT
iiclr-17591	2515	9	gradually	gradually	ADV
iiclr-17591	2515	10	disappears	disappear	VERB
iiclr-17591	2515	11	from	from	ADP
iiclr-17591	2515	12	the	the	DET
iiclr-17591	2515	13	horizon	horizon	NOUN
iiclr-17591	2515	14	.	.	PUNCT
iiclr-17591	2516	1	302	302	NUM
iiclr-17591	2516	2	.	.	PUNCT
iiclr-17591	2517	1	supra	supra	PROPN
iiclr-17591	2517	2	note	note	PROPN
iiclr-17591	2517	3	17	17	NUM
iiclr-17591	2517	4	.	.	PUNCT
iiclr-17591	2517	5	303	303	NUM
iiclr-17591	2517	6	.	.	PUNCT
iiclr-17591	2518	1	roe	roe	NOUN
iiclr-17591	2518	2	,	,	PUNCT
iiclr-17591	2518	3	supra	supra	PROPN
iiclr-17591	2518	4	note	note	PROPN
iiclr-17591	2518	5	16	16	NUM
iiclr-17591	2518	6	;	;	PUNCT
iiclr-17591	2518	7	coffee	coffee	NOUN
iiclr-17591	2518	8	,	,	PUNCT
iiclr-17591	2518	9	supra	supra	PROPN
iiclr-17591	2518	10	note	note	NOUN
iiclr-17591	2518	11	199	199	NUM
iiclr-17591	2518	12	.	.	PUNCT
iiclr-17591	2518	13	1995	1995	NUM
iiclr-17591	2518	14	]	]	X
iiclr-17591	2519	1	ind	ind	NOUN
iiclr-17591	2519	2	.	.	PUNCT
iiclr-17591	2520	1	int'l	int'l	PROPN
iiclr-17591	2520	2	&	&	CCONJ
iiclr-17591	2520	3	comp	comp	PROPN
iiclr-17591	2520	4	.	.	PUNCT
iiclr-17591	2521	1	l	l	PROPN
iiclr-17591	2521	2	rev	rev	PROPN
iiclr-17591	2521	3	.	.	PROPN
iiclr-17591	2521	4	between	between	ADP
iiclr-17591	2521	5	ownership	ownership	NOUN
iiclr-17591	2521	6	and	and	CCONJ
iiclr-17591	2521	7	control	control	NOUN
iiclr-17591	2521	8	is	be	AUX
iiclr-17591	2521	9	inevitable	inevitable	ADJ
iiclr-17591	2521	10	to	to	PART
iiclr-17591	2521	11	occur	occur	VERB
iiclr-17591	2521	12	.	.	PUNCT
iiclr-17591	2522	1	in	in	ADP
iiclr-17591	2522	2	other	other	ADJ
iiclr-17591	2522	3	words	word	NOUN
iiclr-17591	2522	4	,	,	PUNCT
iiclr-17591	2522	5	besides	besides	SCONJ
iiclr-17591	2522	6	studying	study	VERB
iiclr-17591	2522	7	the	the	DET
iiclr-17591	2522	8	response	response	NOUN
iiclr-17591	2522	9	by	by	ADP
iiclr-17591	2522	10	different	different	ADJ
iiclr-17591	2522	11	environments	environment	NOUN
iiclr-17591	2522	12	,	,	PUNCT
iiclr-17591	2522	13	or	or	CCONJ
iiclr-17591	2522	14	lack	lack	VERB
iiclr-17591	2522	15	thereof	thereof	ADV
iiclr-17591	2522	16	,	,	PUNCT
iiclr-17591	2522	17	to	to	ADP
iiclr-17591	2522	18	the	the	DET
iiclr-17591	2522	19	demand	demand	NOUN
iiclr-17591	2522	20	for	for	ADP
iiclr-17591	2522	21	monitoring	monitoring	NOUN
iiclr-17591	2522	22	,	,	PUNCT
iiclr-17591	2522	23	corporate	corporate	ADJ
iiclr-17591	2522	24	governance	governance	NOUN
iiclr-17591	2522	25	literature	literature	NOUN
iiclr-17591	2522	26	should	should	AUX
iiclr-17591	2522	27	present	present	VERB
iiclr-17591	2522	28	a	a	DET
iiclr-17591	2522	29	historic	historic	ADJ
iiclr-17591	2522	30	background	background	NOUN
iiclr-17591	2522	31	of	of	ADP
iiclr-17591	2522	32	the	the	DET
iiclr-17591	2522	33	demand	demand	NOUN
iiclr-17591	2522	34	for	for	ADP
iiclr-17591	2522	35	monitoring	monitor	VERB
iiclr-17591	2522	36	itself	itself	PRON
iiclr-17591	2522	37	,	,	PUNCT
iiclr-17591	2522	38	explaining	explain	VERB
iiclr-17591	2522	39	why	why	SCONJ
iiclr-17591	2522	40	such	such	ADJ
iiclr-17591	2522	41	demand	demand	NOUN
iiclr-17591	2522	42	arises	arise	VERB
iiclr-17591	2522	43	at	at	ADP
iiclr-17591	2522	44	so	so	ADV
iiclr-17591	2522	45	disparate	disparate	ADJ
iiclr-17591	2522	46	levels	level	NOUN
iiclr-17591	2522	47	in	in	ADP
iiclr-17591	2522	48	different	different	ADJ
iiclr-17591	2522	49	environments	environment	NOUN
iiclr-17591	2522	50	.	.	PUNCT
iiclr-17591	2523	1	a	a	DET
iiclr-17591	2523	2	crucial	crucial	ADJ
iiclr-17591	2523	3	question	question	NOUN
iiclr-17591	2523	4	remains	remain	VERB
iiclr-17591	2523	5	largely	largely	ADV
iiclr-17591	2523	6	unanswered	unanswered	ADJ
iiclr-17591	2523	7	:	:	PUNCT
iiclr-17591	2523	8	why	why	SCONJ
iiclr-17591	2523	9	have	have	AUX
iiclr-17591	2523	10	owners	owner	NOUN
iiclr-17591	2523	11	started	start	VERB
iiclr-17591	2523	12	diversifying	diversify	VERB
iiclr-17591	2523	13	,	,	PUNCT
iiclr-17591	2523	14	instead	instead	ADV
iiclr-17591	2523	15	of	of	ADP
iiclr-17591	2523	16	finding	find	VERB
iiclr-17591	2523	17	solutions	solution	NOUN
iiclr-17591	2523	18	for	for	ADP
iiclr-17591	2523	19	coping	cope	VERB
iiclr-17591	2523	20	with	with	ADP
iiclr-17591	2523	21	the	the	DET
iiclr-17591	2523	22	evolution	evolution	NOUN
iiclr-17591	2523	23	of	of	ADP
iiclr-17591	2523	24	the	the	DET
iiclr-17591	2523	25	firm	firm	NOUN
iiclr-17591	2523	26	?	?	PUNCT
iiclr-17591	2524	1	risk	risk	NOUN
iiclr-17591	2524	2	-	-	PUNCT
iiclr-17591	2524	3	aversion	aversion	NOUN
iiclr-17591	2524	4	,	,	PUNCT
iiclr-17591	2524	5	in	in	ADP
iiclr-17591	2524	6	my	my	PRON
iiclr-17591	2524	7	view	view	NOUN
iiclr-17591	2524	8	,	,	PUNCT
iiclr-17591	2524	9	is	be	AUX
iiclr-17591	2524	10	not	not	PART
iiclr-17591	2524	11	the	the	DET
iiclr-17591	2524	12	whole	whole	ADJ
iiclr-17591	2524	13	story,3	story,3	NOUN
iiclr-17591	2524	14	"	"	PUNCT
iiclr-17591	2524	15	and	and	CCONJ
iiclr-17591	2524	16	i	i	PRON
iiclr-17591	2524	17	suspect	suspect	VERB
iiclr-17591	2524	18	that	that	PRON
iiclr-17591	2524	19	intuition	intuition	NOUN
iiclr-17591	2524	20	has	have	AUX
iiclr-17591	2524	21	tended	tend	VERB
iiclr-17591	2524	22	to	to	PART
iiclr-17591	2524	23	play	play	VERB
iiclr-17591	2524	24	a	a	DET
iiclr-17591	2524	25	nontrivial	nontrivial	ADJ
iiclr-17591	2524	26	part	part	NOUN
iiclr-17591	2524	27	in	in	ADP
iiclr-17591	2524	28	previous	previous	ADJ
iiclr-17591	2524	29	discussions.3	discussions.3	NOUN
iiclr-17591	2524	30	a	a	DET
iiclr-17591	2524	31	threedimensional	threedimensional	ADJ
iiclr-17591	2524	32	research	research	NOUN
iiclr-17591	2524	33	would	would	AUX
iiclr-17591	2524	34	follow	follow	VERB
iiclr-17591	2524	35	,	,	PUNCT
iiclr-17591	2524	36	a	a	DET
iiclr-17591	2524	37	research	research	NOUN
iiclr-17591	2524	38	that	that	PRON
iiclr-17591	2524	39	could	could	AUX
iiclr-17591	2524	40	give	give	VERB
iiclr-17591	2524	41	interesting	interesting	ADJ
iiclr-17591	2524	42	contributions	contribution	NOUN
iiclr-17591	2524	43	to	to	ADP
iiclr-17591	2524	44	the	the	DET
iiclr-17591	2524	45	debate	debate	NOUN
iiclr-17591	2524	46	.	.	PUNCT
iiclr-17591	2525	1	in	in	ADP
iiclr-17591	2525	2	the	the	DET
iiclr-17591	2525	3	traditional	traditional	ADJ
iiclr-17591	2525	4	view	view	NOUN
iiclr-17591	2525	5	,	,	PUNCT
iiclr-17591	2525	6	control	control	NOUN
iiclr-17591	2525	7	by	by	ADP
iiclr-17591	2525	8	founders	founder	NOUN
iiclr-17591	2525	9	,	,	PUNCT
iiclr-17591	2525	10	or	or	CCONJ
iiclr-17591	2525	11	by	by	ADP
iiclr-17591	2525	12	stable	stable	ADJ
iiclr-17591	2525	13	,	,	PUNCT
iiclr-17591	2525	14	"	"	PUNCT
iiclr-17591	2525	15	entrenched	entrench	VERB
iiclr-17591	2525	16	"	"	PUNCT
iiclr-17591	2525	17	owners	owner	NOUN
iiclr-17591	2525	18	is	be	AUX
iiclr-17591	2525	19	considered	consider	VERB
iiclr-17591	2525	20	a	a	DET
iiclr-17591	2525	21	synonym	synonym	NOUN
iiclr-17591	2525	22	of	of	ADP
iiclr-17591	2525	23	inefficiency	inefficiency	NOUN
iiclr-17591	2525	24	.	.	PUNCT
iiclr-17591	2526	1	the	the	DET
iiclr-17591	2526	2	lesson	lesson	NOUN
iiclr-17591	2526	3	coming	come	VERB
iiclr-17591	2526	4	from	from	ADP
iiclr-17591	2526	5	italian	italian	ADJ
iiclr-17591	2526	6	capitalism	capitalism	NOUN
iiclr-17591	2526	7	is	be	AUX
iiclr-17591	2526	8	that	that	SCONJ
iiclr-17591	2526	9	this	this	PRON
iiclr-17591	2526	10	is	be	AUX
iiclr-17591	2526	11	not	not	PART
iiclr-17591	2526	12	necessarily	necessarily	ADV
iiclr-17591	2526	13	true	true	ADJ
iiclr-17591	2526	14	.	.	PUNCT
iiclr-17591	2527	1	°	°	SCONJ
iiclr-17591	2527	2	3	3	NUM
iiclr-17591	2527	3	stable	stable	ADJ
iiclr-17591	2527	4	owners	owner	NOUN
iiclr-17591	2527	5	may	may	AUX
iiclr-17591	2527	6	create	create	VERB
iiclr-17591	2527	7	institutions	institution	NOUN
iiclr-17591	2527	8	that	that	PRON
iiclr-17591	2527	9	allow	allow	VERB
iiclr-17591	2527	10	an	an	DET
iiclr-17591	2527	11	efficient	efficient	ADJ
iiclr-17591	2527	12	,	,	PUNCT
iiclr-17591	2527	13	or	or	CCONJ
iiclr-17591	2527	14	at	at	ADP
iiclr-17591	2527	15	any	any	DET
iiclr-17591	2527	16	rate	rate	NOUN
iiclr-17591	2527	17	not	not	PART
iiclr-17591	2527	18	necessarily	necessarily	ADV
iiclr-17591	2527	19	inefficient	inefficient	ADJ
iiclr-17591	2527	20	,	,	PUNCT
iiclr-17591	2527	21	304	304	NUM
iiclr-17591	2527	22	.	.	PUNCT
iiclr-17591	2528	1	for	for	ADP
iiclr-17591	2528	2	a	a	DET
iiclr-17591	2528	3	sharp	sharp	ADJ
iiclr-17591	2528	4	critique	critique	NOUN
iiclr-17591	2528	5	of	of	ADP
iiclr-17591	2528	6	the	the	DET
iiclr-17591	2528	7	ability	ability	NOUN
iiclr-17591	2528	8	of	of	ADP
iiclr-17591	2528	9	the	the	DET
iiclr-17591	2528	10	risk	risk	NOUN
iiclr-17591	2528	11	-	-	PUNCT
iiclr-17591	2528	12	aversion	aversion	NOUN
iiclr-17591	2528	13	notion	notion	NOUN
iiclr-17591	2528	14	to	to	PART
iiclr-17591	2528	15	explain	explain	VERB
iiclr-17591	2528	16	real	real	ADJ
iiclr-17591	2528	17	life	life	NOUN
iiclr-17591	2528	18	phenomena	phenomenon	NOUN
iiclr-17591	2528	19	see	see	VERB
iiclr-17591	2528	20	victor	victor	PROPN
iiclr-17591	2528	21	p.	p.	PROPN
iiclr-17591	2528	22	goldberg	goldberg	PROPN
iiclr-17591	2528	23	,	,	PUNCT
iiclr-17591	2528	24	aversion	aversion	NOUN
iiclr-17591	2528	25	to	to	PART
iiclr-17591	2528	26	risk	risk	VERB
iiclr-17591	2528	27	aversion	aversion	NOUN
iiclr-17591	2528	28	in	in	ADP
iiclr-17591	2528	29	the	the	DET
iiclr-17591	2528	30	new	new	ADJ
iiclr-17591	2528	31	institutional	institutional	ADJ
iiclr-17591	2528	32	economics	economic	NOUN
iiclr-17591	2528	33	,	,	PUNCT
iiclr-17591	2528	34	146	146	NUM
iiclr-17591	2528	35	journal	journal	NOUN
iiclr-17591	2528	36	of	of	ADP
iiclr-17591	2528	37	institutional	institutional	ADJ
iiclr-17591	2528	38	and	and	CCONJ
iiclr-17591	2528	39	theoretical	theoretical	ADJ
iiclr-17591	2528	40	economics	economic	NOUN
iiclr-17591	2528	41	216	216	NUM
iiclr-17591	2528	42	(	(	PUNCT
iiclr-17591	2528	43	1990	1990	NUM
iiclr-17591	2528	44	):	):	PUNCT
iiclr-17591	2528	45	"	"	PUNCT
iiclr-17591	2528	46	the	the	DET
iiclr-17591	2528	47	assumption	assumption	NOUN
iiclr-17591	2528	48	regarding	regard	VERB
iiclr-17591	2528	49	risk	risk	NOUN
iiclr-17591	2528	50	preferences	preference	NOUN
iiclr-17591	2528	51	should	should	AUX
iiclr-17591	2528	52	...	...	PUNCT
iiclr-17591	2528	53	be	be	AUX
iiclr-17591	2528	54	judged	judge	VERB
iiclr-17591	2528	55	for	for	ADP
iiclr-17591	2528	56	[	[	X
iiclr-17591	2528	57	its	its	PRON
iiclr-17591	2528	58	]	]	X
iiclr-17591	2528	59	usefulness	usefulness	NOUN
iiclr-17591	2528	60	,	,	PUNCT
iiclr-17591	2528	61	not	not	PART
iiclr-17591	2528	62	for	for	ADP
iiclr-17591	2528	63	[	[	X
iiclr-17591	2528	64	its	its	PRON
iiclr-17591	2528	65	]	]	X
iiclr-17591	2528	66	realism	realism	NOUN
iiclr-17591	2528	67	.	.	PUNCT
iiclr-17591	2528	68	"	"	PUNCT
iiclr-17591	2529	1	i	i	PRON
iiclr-17591	2529	2	d	d	PROPN
iiclr-17591	2529	3	at	at	ADP
iiclr-17591	2529	4	217	217	NUM
iiclr-17591	2529	5	.	.	PUNCT
iiclr-17591	2530	1	305	305	NUM
iiclr-17591	2530	2	.	.	PUNCT
iiclr-17591	2531	1	roe	roe	NOUN
iiclr-17591	2531	2	,	,	PUNCT
iiclr-17591	2531	3	supra	supra	PROPN
iiclr-17591	2531	4	note	note	PROPN
iiclr-17591	2531	5	16	16	NUM
iiclr-17591	2531	6	,	,	PUNCT
iiclr-17591	2531	7	at	at	ADP
iiclr-17591	2531	8	4	4	NUM
iiclr-17591	2531	9	,	,	PUNCT
iiclr-17591	2531	10	describing	describe	VERB
iiclr-17591	2531	11	how	how	SCONJ
iiclr-17591	2531	12	america	america	PROPN
iiclr-17591	2531	13	's	's	PART
iiclr-17591	2531	14	large	large	ADJ
iiclr-17591	2531	15	enterprises	enterprise	NOUN
iiclr-17591	2531	16	typically	typically	ADV
iiclr-17591	2531	17	were	be	AUX
iiclr-17591	2531	18	created	create	VERB
iiclr-17591	2531	19	in	in	ADP
iiclr-17591	2531	20	the	the	DET
iiclr-17591	2531	21	twentieth	twentieth	ADJ
iiclr-17591	2531	22	century	century	NOUN
iiclr-17591	2531	23	,	,	PUNCT
iiclr-17591	2531	24	states	state	VERB
iiclr-17591	2531	25	:	:	PUNCT
iiclr-17591	2531	26	"	"	PUNCT
iiclr-17591	2531	27	entrepreneurs	entrepreneur	NOUN
iiclr-17591	2531	28	would	would	AUX
iiclr-17591	2531	29	found	find	VERB
iiclr-17591	2531	30	a	a	DET
iiclr-17591	2531	31	business	business	NOUN
iiclr-17591	2531	32	,	,	PUNCT
iiclr-17591	2531	33	succeed	succeed	VERB
iiclr-17591	2531	34	,	,	PUNCT
iiclr-17591	2531	35	and	and	CCONJ
iiclr-17591	2531	36	make	make	VERB
iiclr-17591	2531	37	the	the	DET
iiclr-17591	2531	38	business	business	NOUN
iiclr-17591	2531	39	grow	grow	VERB
iiclr-17591	2531	40	....	....	PUNCT
iiclr-17591	2532	1	eventually	eventually	ADV
iiclr-17591	2532	2	the	the	DET
iiclr-17591	2532	3	successful	successful	ADJ
iiclr-17591	2532	4	firm	firm	NOUN
iiclr-17591	2532	5	would	would	AUX
iiclr-17591	2532	6	go	go	VERB
iiclr-17591	2532	7	public	public	ADJ
iiclr-17591	2532	8	,	,	PUNCT
iiclr-17591	2532	9	issuing	issue	VERB
iiclr-17591	2532	10	new	new	ADJ
iiclr-17591	2532	11	stock	stock	NOUN
iiclr-17591	2532	12	(	(	PUNCT
iiclr-17591	2532	13	or	or	CCONJ
iiclr-17591	2532	14	selling	sell	VERB
iiclr-17591	2532	15	the	the	DET
iiclr-17591	2532	16	founders	founder	NOUN
iiclr-17591	2532	17	'	'	PART
iiclr-17591	2532	18	stock	stock	NOUN
iiclr-17591	2532	19	)	)	PUNCT
iiclr-17591	2532	20	to	to	ADP
iiclr-17591	2532	21	the	the	DET
iiclr-17591	2532	22	public	public	NOUN
iiclr-17591	2532	23	.	.	PUNCT
iiclr-17591	2533	1	for	for	ADP
iiclr-17591	2533	2	some	some	DET
iiclr-17591	2533	3	firms	firm	NOUN
iiclr-17591	2533	4	,	,	PUNCT
iiclr-17591	2533	5	the	the	DET
iiclr-17591	2533	6	stock	stock	NOUN
iiclr-17591	2533	7	market	market	NOUN
iiclr-17591	2533	8	's	's	PART
iiclr-17591	2533	9	role	role	NOUN
iiclr-17591	2533	10	was	be	AUX
iiclr-17591	2533	11	to	to	PART
iiclr-17591	2533	12	raise	raise	VERB
iiclr-17591	2533	13	new	new	ADJ
iiclr-17591	2533	14	capital	capital	NOUN
iiclr-17591	2533	15	;	;	PUNCT
iiclr-17591	2533	16	for	for	ADP
iiclr-17591	2533	17	many	many	ADJ
iiclr-17591	2533	18	others	other	NOUN
iiclr-17591	2533	19	its	its	PRON
iiclr-17591	2533	20	role	role	NOUN
iiclr-17591	2533	21	was	be	AUX
iiclr-17591	2533	22	to	to	PART
iiclr-17591	2533	23	provide	provide	VERB
iiclr-17591	2533	24	the	the	DET
iiclr-17591	2533	25	founders	founder	NOUN
iiclr-17591	2533	26	and	and	CCONJ
iiclr-17591	2533	27	their	their	PRON
iiclr-17591	2533	28	heirs	heir	NOUN
iiclr-17591	2533	29	an	an	DET
iiclr-17591	2533	30	exit	exit	NOUN
iiclr-17591	2533	31	when	when	SCONJ
iiclr-17591	2533	32	they	they	PRON
iiclr-17591	2533	33	wanted	want	VERB
iiclr-17591	2533	34	to	to	PART
iiclr-17591	2533	35	diversify	diversify	VERB
iiclr-17591	2533	36	and	and	CCONJ
iiclr-17591	2533	37	cash	cash	VERB
iiclr-17591	2533	38	out	out	ADP
iiclr-17591	2533	39	....	....	PUNCT
iiclr-17591	2534	1	although	although	SCONJ
iiclr-17591	2534	2	descendants	descendant	NOUN
iiclr-17591	2534	3	sometimes	sometimes	ADV
iiclr-17591	2534	4	took	take	VERB
iiclr-17591	2534	5	over	over	ADP
iiclr-17591	2534	6	running	run	VERB
iiclr-17591	2534	7	the	the	DET
iiclr-17591	2534	8	finm	finm	PROPN
iiclr-17591	2534	9	from	from	ADP
iiclr-17591	2534	10	the	the	DET
iiclr-17591	2534	11	founders	founder	NOUN
iiclr-17591	2534	12	,	,	PUNCT
iiclr-17591	2534	13	more	more	ADV
iiclr-17591	2534	14	frequently	frequently	ADV
iiclr-17591	2534	15	hired	hire	VERB
iiclr-17591	2534	16	managers	manager	NOUN
iiclr-17591	2534	17	did	do	VERB
iiclr-17591	2534	18	,	,	PUNCT
iiclr-17591	2534	19	and	and	CCONJ
iiclr-17591	2534	20	stock	stock	NOUN
iiclr-17591	2534	21	dissipated	dissipate	VERB
iiclr-17591	2534	22	into	into	ADP
iiclr-17591	2534	23	fragmented	fragmented	ADJ
iiclr-17591	2534	24	holdings	holding	NOUN
iiclr-17591	2534	25	as	as	SCONJ
iiclr-17591	2534	26	the	the	DET
iiclr-17591	2534	27	heirs	heir	NOUN
iiclr-17591	2534	28	sold	sell	VERB
iiclr-17591	2534	29	off	off	ADP
iiclr-17591	2534	30	the	the	DET
iiclr-17591	2534	31	inheritance	inheritance	NOUN
iiclr-17591	2534	32	....	....	PUNCT
iiclr-17591	2534	33	"	"	PUNCT
iiclr-17591	2535	1	i	i	PRON
iiclr-17591	2535	2	d.	d.	PROPN
iiclr-17591	2535	3	this	this	DET
iiclr-17591	2535	4	description	description	NOUN
iiclr-17591	2535	5	would	would	AUX
iiclr-17591	2535	6	not	not	PART
iiclr-17591	2535	7	be	be	AUX
iiclr-17591	2535	8	accurate	accurate	ADJ
iiclr-17591	2535	9	if	if	SCONJ
iiclr-17591	2535	10	it	it	PRON
iiclr-17591	2535	11	were	be	AUX
iiclr-17591	2535	12	extended	extend	VERB
iiclr-17591	2535	13	to	to	ADP
iiclr-17591	2535	14	france	france	PROPN
iiclr-17591	2535	15	or	or	CCONJ
iiclr-17591	2535	16	to	to	ADP
iiclr-17591	2535	17	italy	italy	PROPN
iiclr-17591	2535	18	.	.	PUNCT
iiclr-17591	2536	1	a	a	DET
iiclr-17591	2536	2	theory	theory	NOUN
iiclr-17591	2536	3	of	of	ADP
iiclr-17591	2536	4	the	the	DET
iiclr-17591	2536	5	separation	separation	NOUN
iiclr-17591	2536	6	of	of	ADP
iiclr-17591	2536	7	ownership	ownership	NOUN
iiclr-17591	2536	8	and	and	CCONJ
iiclr-17591	2536	9	control	control	NOUN
iiclr-17591	2536	10	should	should	AUX
iiclr-17591	2536	11	give	give	VERB
iiclr-17591	2536	12	us	we	PRON
iiclr-17591	2536	13	the	the	DET
iiclr-17591	2536	14	answer	answer	NOUN
iiclr-17591	2536	15	to	to	ADP
iiclr-17591	2536	16	the	the	DET
iiclr-17591	2536	17	question	question	NOUN
iiclr-17591	2536	18	of	of	ADP
iiclr-17591	2536	19	why	why	SCONJ
iiclr-17591	2536	20	it	it	PRON
iiclr-17591	2536	21	would	would	AUX
iiclr-17591	2536	22	not	not	PART
iiclr-17591	2536	23	be	be	AUX
iiclr-17591	2536	24	aurate	aurate	ADJ
iiclr-17591	2536	25	.	.	PUNCT
iiclr-17591	2537	1	it	it	PRON
iiclr-17591	2537	2	is	be	AUX
iiclr-17591	2537	3	not	not	PART
iiclr-17591	2537	4	a	a	DET
iiclr-17591	2537	5	sufficient	sufficient	ADJ
iiclr-17591	2537	6	explanation	explanation	NOUN
iiclr-17591	2537	7	to	to	PART
iiclr-17591	2537	8	say	say	VERB
iiclr-17591	2537	9	that	that	SCONJ
iiclr-17591	2537	10	"	"	PUNCT
iiclr-17591	2537	11	[	[	X
iiclr-17591	2537	12	a]lthough	a]lthough	SCONJ
iiclr-17591	2537	13	the	the	DET
iiclr-17591	2537	14	defects	defect	NOUN
iiclr-17591	2537	15	of	of	ADP
iiclr-17591	2537	16	separation	separation	NOUN
iiclr-17591	2537	17	are	be	AUX
iiclr-17591	2537	18	today	today	NOUN
iiclr-17591	2537	19	in	in	ADP
iiclr-17591	2537	20	the	the	DET
iiclr-17591	2537	21	spotlight	spotlight	NOUN
iiclr-17591	2537	22	...	...	PUNCT
iiclr-17591	2537	23	separation	separation	NOUN
iiclr-17591	2537	24	of	of	ADP
iiclr-17591	2537	25	ownership	ownership	NOUN
iiclr-17591	2537	26	and	and	CCONJ
iiclr-17591	2537	27	control	control	NOUN
iiclr-17591	2537	28	was	be	AUX
iiclr-17591	2537	29	historically	historically	ADV
iiclr-17591	2537	30	often	often	ADV
iiclr-17591	2537	31	functional	functional	ADJ
iiclr-17591	2537	32	(	(	PUNCT
iiclr-17591	2537	33	and	and	CCONJ
iiclr-17591	2537	34	still	still	ADV
iiclr-17591	2537	35	is	be	AUX
iiclr-17591	2537	36	)	)	PUNCT
iiclr-17591	2537	37	,	,	PUNCT
iiclr-17591	2537	38	because	because	SCONJ
iiclr-17591	2537	39	it	it	PRON
iiclr-17591	2537	40	allows	allow	VERB
iiclr-17591	2537	41	skilled	skilled	ADJ
iiclr-17591	2537	42	managers	manager	NOUN
iiclr-17591	2537	43	without	without	ADP
iiclr-17591	2537	44	capital	capital	NOUN
iiclr-17591	2537	45	to	to	PART
iiclr-17591	2537	46	run	run	VERB
iiclr-17591	2537	47	the	the	DET
iiclr-17591	2537	48	firm	firm	NOUN
iiclr-17591	2537	49	and	and	CCONJ
iiclr-17591	2537	50	separates	separate	VERB
iiclr-17591	2537	51	unskilled	unskilled	ADJ
iiclr-17591	2537	52	descendants	descendant	NOUN
iiclr-17591	2537	53	from	from	ADP
iiclr-17591	2537	54	control	control	NOUN
iiclr-17591	2537	55	of	of	ADP
iiclr-17591	2537	56	a	a	DET
iiclr-17591	2537	57	firm	firm	NOUN
iiclr-17591	2537	58	they	they	PRON
iiclr-17591	2537	59	could	could	AUX
iiclr-17591	2537	60	not	not	PART
iiclr-17591	2537	61	run	run	VERB
iiclr-17591	2537	62	well	well	ADV
iiclr-17591	2537	63	.	.	PUNCT
iiclr-17591	2538	1	sometimes	sometimes	ADV
iiclr-17591	2538	2	successful	successful	ADJ
iiclr-17591	2538	3	founders	founder	NOUN
iiclr-17591	2538	4	became	become	VERB
iiclr-17591	2538	5	poor	poor	ADJ
iiclr-17591	2538	6	managers	manager	NOUN
iiclr-17591	2538	7	,	,	PUNCT
iiclr-17591	2538	8	because	because	SCONJ
iiclr-17591	2538	9	their	their	PRON
iiclr-17591	2538	10	accumulated	accumulate	VERB
iiclr-17591	2538	11	wealth	wealth	NOUN
iiclr-17591	2538	12	allowed	allow	VERB
iiclr-17591	2538	13	them	they	PRON
iiclr-17591	2538	14	to	to	PART
iiclr-17591	2538	15	slack	slack	VERB
iiclr-17591	2538	16	off	off	ADP
iiclr-17591	2538	17	but	but	CCONJ
iiclr-17591	2538	18	still	still	ADV
iiclr-17591	2538	19	live	live	VERB
iiclr-17591	2538	20	well	well	ADV
iiclr-17591	2538	21	,	,	PUNCT
iiclr-17591	2538	22	as	as	SCONJ
iiclr-17591	2538	23	historically	historically	ADV
iiclr-17591	2538	24	was	be	AUX
iiclr-17591	2538	25	a	a	DET
iiclr-17591	2538	26	problem	problem	NOUN
iiclr-17591	2538	27	in	in	ADP
iiclr-17591	2538	28	britain	britain	PROPN
iiclr-17591	2538	29	.	.	PUNCT
iiclr-17591	2538	30	"	"	PUNCT
iiclr-17591	2539	1	roe	roe	NOUN
iiclr-17591	2539	2	,	,	PUNCT
iiclr-17591	2539	3	supra	supra	PROPN
iiclr-17591	2539	4	note	note	PROPN
iiclr-17591	2539	5	16	16	NUM
iiclr-17591	2539	6	,	,	PUNCT
iiclr-17591	2539	7	at	at	ADP
iiclr-17591	2539	8	4	4	NUM
iiclr-17591	2539	9	.	.	PUNCT
iiclr-17591	2540	1	why	why	SCONJ
iiclr-17591	2540	2	did	do	AUX
iiclr-17591	2540	3	this	this	DET
iiclr-17591	2540	4	phenomenon	phenomenon	NOUN
iiclr-17591	2540	5	happen	happen	VERB
iiclr-17591	2540	6	in	in	ADP
iiclr-17591	2540	7	a	a	DET
iiclr-17591	2540	8	much	much	ADV
iiclr-17591	2540	9	lower	low	ADJ
iiclr-17591	2540	10	measure	measure	NOUN
iiclr-17591	2540	11	in	in	ADP
iiclr-17591	2540	12	continental	continental	PROPN
iiclr-17591	2540	13	europe	europe	PROPN
iiclr-17591	2540	14	than	than	ADP
iiclr-17591	2540	15	in	in	ADP
iiclr-17591	2540	16	britain	britain	PROPN
iiclr-17591	2540	17	?	?	PUNCT
iiclr-17591	2541	1	which	which	DET
iiclr-17591	2541	2	social	social	ADJ
iiclr-17591	2541	3	and	and	CCONJ
iiclr-17591	2541	4	economic	economic	ADJ
iiclr-17591	2541	5	"	"	PUNCT
iiclr-17591	2541	6	institutions	institution	NOUN
iiclr-17591	2541	7	"	"	PUNCT
iiclr-17591	2541	8	reduced	reduce	VERB
iiclr-17591	2541	9	the	the	DET
iiclr-17591	2541	10	risk	risk	NOUN
iiclr-17591	2541	11	of	of	ADP
iiclr-17591	2541	12	successful	successful	ADJ
iiclr-17591	2541	13	founders	founder	NOUN
iiclr-17591	2541	14	becoming	become	VERB
iiclr-17591	2541	15	poor	poor	ADJ
iiclr-17591	2541	16	managers	manager	NOUN
iiclr-17591	2541	17	?	?	PUNCT
iiclr-17591	2542	1	why	why	SCONJ
iiclr-17591	2542	2	have	have	AUX
iiclr-17591	2542	3	not	not	PART
iiclr-17591	2542	4	american	american	ADJ
iiclr-17591	2542	5	owners	owner	NOUN
iiclr-17591	2542	6	developed	develop	VERB
iiclr-17591	2542	7	a	a	DET
iiclr-17591	2542	8	system	system	NOUN
iiclr-17591	2542	9	of	of	ADP
iiclr-17591	2542	10	professional	professional	ADJ
iiclr-17591	2542	11	managers	manager	NOUN
iiclr-17591	2542	12	and	and	CCONJ
iiclr-17591	2542	13	direct	direct	ADJ
iiclr-17591	2542	14	monitoring	monitoring	NOUN
iiclr-17591	2542	15	,	,	PUNCT
iiclr-17591	2542	16	which	which	PRON
iiclr-17591	2542	17	has	have	AUX
iiclr-17591	2542	18	developed	develop	VERB
iiclr-17591	2542	19	in	in	ADP
iiclr-17591	2542	20	italy	italy	PROPN
iiclr-17591	2542	21	?	?	PUNCT
iiclr-17591	2543	1	why	why	SCONJ
iiclr-17591	2543	2	in	in	ADP
iiclr-17591	2543	3	the	the	DET
iiclr-17591	2543	4	united	united	PROPN
iiclr-17591	2543	5	states	states	PROPN
iiclr-17591	2543	6	could	could	AUX
iiclr-17591	2543	7	not	not	PART
iiclr-17591	2543	8	skilled	skilled	ADJ
iiclr-17591	2543	9	managers	manager	NOUN
iiclr-17591	2543	10	be	be	AUX
iiclr-17591	2543	11	hired	hire	VERB
iiclr-17591	2543	12	by	by	ADP
iiclr-17591	2543	13	owners	owner	NOUN
iiclr-17591	2543	14	,	,	PUNCT
iiclr-17591	2543	15	and	and	CCONJ
iiclr-17591	2543	16	why	why	SCONJ
iiclr-17591	2543	17	did	do	AUX
iiclr-17591	2543	18	the	the	DET
iiclr-17591	2543	19	advent	advent	NOUN
iiclr-17591	2543	20	of	of	ADP
iiclr-17591	2543	21	professional	professional	ADJ
iiclr-17591	2543	22	managers	manager	NOUN
iiclr-17591	2543	23	mark	mark	VERB
iiclr-17591	2543	24	the	the	DET
iiclr-17591	2543	25	disappearance	disappearance	NOUN
iiclr-17591	2543	26	of	of	ADP
iiclr-17591	2543	27	owners	owner	NOUN
iiclr-17591	2543	28	?	?	PUNCT
iiclr-17591	2544	1	why	why	SCONJ
iiclr-17591	2544	2	does	do	AUX
iiclr-17591	2544	3	separation	separation	NOUN
iiclr-17591	2544	4	of	of	ADP
iiclr-17591	2544	5	ownership	ownership	NOUN
iiclr-17591	2544	6	and	and	CCONJ
iiclr-17591	2544	7	control	control	NOUN
iiclr-17591	2544	8	occur	occur	VERB
iiclr-17591	2544	9	at	at	ADP
iiclr-17591	2544	10	a	a	DET
iiclr-17591	2544	11	certain	certain	ADJ
iiclr-17591	2544	12	level	level	NOUN
iiclr-17591	2544	13	in	in	ADP
iiclr-17591	2544	14	one	one	NUM
iiclr-17591	2544	15	economic	economic	ADJ
iiclr-17591	2544	16	environment	environment	NOUN
iiclr-17591	2544	17	and	and	CCONJ
iiclr-17591	2544	18	at	at	ADP
iiclr-17591	2544	19	a	a	DET
iiclr-17591	2544	20	much	much	ADV
iiclr-17591	2544	21	higher	high	ADJ
iiclr-17591	2544	22	level	level	NOUN
iiclr-17591	2544	23	in	in	ADP
iiclr-17591	2544	24	another	another	PRON
iiclr-17591	2544	25	?	?	PUNCT
iiclr-17591	2545	1	306	306	NUM
iiclr-17591	2545	2	.	.	PUNCT
iiclr-17591	2546	1	see	see	VERB
iiclr-17591	2546	2	,	,	PUNCT
iiclr-17591	2546	3	for	for	ADP
iiclr-17591	2546	4	instance	instance	NOUN
iiclr-17591	2546	5	,	,	PUNCT
iiclr-17591	2546	6	che	che	PROPN
iiclr-17591	2546	7	non	non	PROPN
iiclr-17591	2546	8	ci	ci	PROPN
iiclr-17591	2546	9	sera	sera	NOUN
iiclr-17591	2546	10	chrysler	chrysler	PROPN
iiclr-17591	2546	11	and	and	CCONJ
iiclr-17591	2546	12	fiat	fiat	PROPN
iiclr-17591	2546	13	,	,	PUNCT
iiclr-17591	2546	14	the	the	DET
iiclr-17591	2546	15	economist	economist	NOUN
iiclr-17591	2546	16	,	,	PUNCT
iiclr-17591	2546	17	apr	apr	PROPN
iiclr-17591	2546	18	.	.	PROPN
iiclr-17591	2546	19	29	29	NUM
iiclr-17591	2546	20	,	,	PUNCT
iiclr-17591	2546	21	1995	1995	NUM
iiclr-17591	2546	22	,	,	PUNCT
iiclr-17591	2546	23	at	at	ADP
iiclr-17591	2546	24	75	75	NUM
iiclr-17591	2546	25	(	(	PUNCT
iiclr-17591	2546	26	discussing	discuss	VERB
iiclr-17591	2546	27	the	the	DET
iiclr-17591	2546	28	different	different	ADJ
iiclr-17591	2546	29	role	role	NOUN
iiclr-17591	2546	30	of	of	ADP
iiclr-17591	2546	31	the	the	DET
iiclr-17591	2546	32	largest	large	ADJ
iiclr-17591	2546	33	shareholders	shareholder	NOUN
iiclr-17591	2546	34	in	in	ADP
iiclr-17591	2546	35	chrysler	chrysler	NOUN
iiclr-17591	2546	36	and	and	CCONJ
iiclr-17591	2546	37	fiat	fiat	PROPN
iiclr-17591	2546	38	,	,	PUNCT
iiclr-17591	2546	39	respectively	respectively	ADV
iiclr-17591	2546	40	mr	mr	PROPN
iiclr-17591	2546	41	.	.	PROPN
iiclr-17591	2546	42	kerkorian	kerkorian	PROPN
iiclr-17591	2546	43	and	and	CCONJ
iiclr-17591	2546	44	mr	mr	PROPN
iiclr-17591	2546	45	.	.	PROPN
iiclr-17591	2546	46	agnelli	agnelli	PROPN
iiclr-17591	2546	47	,	,	PUNCT
iiclr-17591	2546	48	and	and	CCONJ
iiclr-17591	2546	49	praising	praise	VERB
iiclr-17591	2546	50	the	the	DET
iiclr-17591	2546	51	successful	successful	ADJ
iiclr-17591	2546	52	action	action	NOUN
iiclr-17591	2546	53	of	of	ADP
iiclr-17591	2546	54	the	the	DET
iiclr-17591	2546	55	second	second	ADJ
iiclr-17591	2546	56	in	in	ADP
iiclr-17591	2546	57	overcoming	overcome	VERB
iiclr-17591	2546	58	a	a	DET
iiclr-17591	2546	59	crisis	crisis	NOUN
iiclr-17591	2546	60	in	in	ADP
iiclr-17591	2546	61	1993	1993	NUM
iiclr-17591	2546	62	)	)	PUNCT
iiclr-17591	2546	63	.	.	PUNCT
iiclr-17591	2547	1	[	[	X
iiclr-17591	2547	2	vol	vol	NOUN
iiclr-17591	2547	3	.	.	PUNCT
iiclr-17591	2548	1	6:1	6:1	NUM
iiclr-17591	2548	2	corporate	corporate	ADJ
iiclr-17591	2548	3	govfrnance	govfrnance	NOUN
iiclr-17591	2548	4	in	in	ADP
iiclr-17591	2548	5	italy	italy	PROPN
iiclr-17591	2548	6	exercise	exercise	NOUN
iiclr-17591	2548	7	of	of	ADP
iiclr-17591	2548	8	control	control	NOUN
iiclr-17591	2548	9	.	.	PUNCT
iiclr-17591	2549	1	among	among	ADP
iiclr-17591	2549	2	such	such	ADJ
iiclr-17591	2549	3	institutions	institution	NOUN
iiclr-17591	2549	4	,	,	PUNCT
iiclr-17591	2549	5	the	the	DET
iiclr-17591	2549	6	widespread	widespread	ADJ
iiclr-17591	2549	7	resort	resort	NOUN
iiclr-17591	2549	8	to	to	AUX
iiclr-17591	2549	9	closely	closely	ADV
iiclr-17591	2549	10	monitored	monitor	VERB
iiclr-17591	2549	11	,	,	PUNCT
iiclr-17591	2549	12	professional	professional	ADJ
iiclr-17591	2549	13	managers307	managers307	PROPN
iiclr-17591	2549	14	and	and	CCONJ
iiclr-17591	2549	15	the	the	DET
iiclr-17591	2549	16	emergence	emergence	NOUN
iiclr-17591	2549	17	of	of	ADP
iiclr-17591	2549	18	stable	stable	ADJ
iiclr-17591	2549	19	associations	association	NOUN
iiclr-17591	2549	20	among	among	ADP
iiclr-17591	2549	21	large	large	ADJ
iiclr-17591	2549	22	shareholders	shareholder	NOUN
iiclr-17591	2549	23	stand	stand	VERB
iiclr-17591	2549	24	out3	out3	PROPN
iiclr-17591	2549	25	°	°	PROPN
iiclr-17591	2549	26	s	s	PART
iiclr-17591	2549	27	italian	italian	ADJ
iiclr-17591	2549	28	corporate	corporate	ADJ
iiclr-17591	2549	29	governance	governance	NOUN
iiclr-17591	2549	30	exceeds	exceed	NOUN
iiclr-17591	2549	31	on	on	ADP
iiclr-17591	2549	32	the	the	DET
iiclr-17591	2549	33	opposite	opposite	NOUN
iiclr-17591	2549	34	.	.	PUNCT
iiclr-17591	2550	1	the	the	DET
iiclr-17591	2550	2	historical	historical	ADJ
iiclr-17591	2550	3	favor	favor	NOUN
iiclr-17591	2550	4	for	for	ADP
iiclr-17591	2550	5	owner	owner	NOUN
iiclr-17591	2550	6	-	-	PUNCT
iiclr-17591	2550	7	managers	manager	NOUN
iiclr-17591	2550	8	has	have	AUX
iiclr-17591	2550	9	produced	produce	VERB
iiclr-17591	2550	10	a	a	DET
iiclr-17591	2550	11	legal	legal	ADJ
iiclr-17591	2550	12	framework	framework	NOUN
iiclr-17591	2550	13	that	that	PRON
iiclr-17591	2550	14	protects	protect	VERB
iiclr-17591	2550	15	the	the	DET
iiclr-17591	2550	16	directors	director	NOUN
iiclr-17591	2550	17	they	they	PRON
iiclr-17591	2550	18	elect	elect	VERB
iiclr-17591	2550	19	not	not	PART
iiclr-17591	2550	20	only	only	ADV
iiclr-17591	2550	21	against	against	ADP
iiclr-17591	2550	22	interference	interference	NOUN
iiclr-17591	2550	23	in	in	ADP
iiclr-17591	2550	24	the	the	DET
iiclr-17591	2550	25	management	management	NOUN
iiclr-17591	2550	26	,	,	PUNCT
iiclr-17591	2550	27	but	but	CCONJ
iiclr-17591	2550	28	also	also	ADV
iiclr-17591	2550	29	against	against	ADP
iiclr-17591	2550	30	legitimate	legitimate	ADJ
iiclr-17591	2550	31	claims	claim	NOUN
iiclr-17591	2550	32	of	of	ADP
iiclr-17591	2550	33	conflict	conflict	NOUN
iiclr-17591	2550	34	of	of	ADP
iiclr-17591	2550	35	interest	interest	NOUN
iiclr-17591	2550	36	in	in	ADP
iiclr-17591	2550	37	part	part	NOUN
iiclr-17591	2550	38	v	v	NOUN
iiclr-17591	2550	39	,	,	PUNCT
iiclr-17591	2550	40	therefore	therefore	ADV
iiclr-17591	2550	41	,	,	PUNCT
iiclr-17591	2550	42	i	i	PRON
iiclr-17591	2550	43	have	have	AUX
iiclr-17591	2550	44	proposed	propose	VERB
iiclr-17591	2550	45	a	a	DET
iiclr-17591	2550	46	legislative	legislative	ADJ
iiclr-17591	2550	47	reform	reform	NOUN
iiclr-17591	2550	48	,	,	PUNCT
iiclr-17591	2550	49	aiming	aim	VERB
iiclr-17591	2550	50	at	at	ADP
iiclr-17591	2550	51	introducing	introduce	VERB
iiclr-17591	2550	52	derivative	derivative	ADJ
iiclr-17591	2550	53	actions	action	NOUN
iiclr-17591	2550	54	against	against	ADP
iiclr-17591	2550	55	directors	director	NOUN
iiclr-17591	2550	56	based	base	VERB
iiclr-17591	2550	57	on	on	ADP
iiclr-17591	2550	58	the	the	DET
iiclr-17591	2550	59	violation	violation	NOUN
iiclr-17591	2550	60	of	of	ADP
iiclr-17591	2550	61	the	the	DET
iiclr-17591	2550	62	duty	duty	NOUN
iiclr-17591	2550	63	of	of	ADP
iiclr-17591	2550	64	loyalty	loyalty	NOUN
iiclr-17591	2550	65	.	.	PUNCT
iiclr-17591	2551	1	many	many	ADJ
iiclr-17591	2551	2	different	different	ADJ
iiclr-17591	2551	3	models	model	NOUN
iiclr-17591	2551	4	of	of	ADP
iiclr-17591	2551	5	corporate	corporate	ADJ
iiclr-17591	2551	6	governance	governance	NOUN
iiclr-17591	2551	7	may	may	AUX
iiclr-17591	2551	8	exist	exist	VERB
iiclr-17591	2551	9	at	at	ADP
iiclr-17591	2551	10	the	the	DET
iiclr-17591	2551	11	same	same	ADJ
iiclr-17591	2551	12	time	time	NOUN
iiclr-17591	2551	13	and	and	CCONJ
iiclr-17591	2551	14	,	,	PUNCT
iiclr-17591	2551	15	possibly	possibly	ADV
iiclr-17591	2551	16	,	,	PUNCT
iiclr-17591	2551	17	in	in	ADP
iiclr-17591	2551	18	the	the	DET
iiclr-17591	2551	19	same	same	ADJ
iiclr-17591	2551	20	place	place	NOUN
iiclr-17591	2551	21	.	.	PUNCT
iiclr-17591	2552	1	corporate	corporate	ADJ
iiclr-17591	2552	2	governance	governance	NOUN
iiclr-17591	2552	3	should	should	AUX
iiclr-17591	2552	4	try	try	VERB
iiclr-17591	2552	5	to	to	PART
iiclr-17591	2552	6	understand	understand	VERB
iiclr-17591	2552	7	them	they	PRON
iiclr-17591	2552	8	all	all	PRON
iiclr-17591	2552	9	,	,	PUNCT
iiclr-17591	2552	10	and	and	CCONJ
iiclr-17591	2552	11	suggest	suggest	VERB
iiclr-17591	2552	12	an	an	DET
iiclr-17591	2552	13	array	array	NOUN
iiclr-17591	2552	14	of	of	ADP
iiclr-17591	2552	15	different	different	ADJ
iiclr-17591	2552	16	alternatives	alternative	NOUN
iiclr-17591	2552	17	,	,	PUNCT
iiclr-17591	2552	18	each	each	PRON
iiclr-17591	2552	19	with	with	ADP
iiclr-17591	2552	20	the	the	DET
iiclr-17591	2552	21	best	good	ADJ
iiclr-17591	2552	22	possible	possible	ADJ
iiclr-17591	2552	23	mix	mix	NOUN
iiclr-17591	2552	24	of	of	ADP
iiclr-17591	2552	25	factors	factor	NOUN
iiclr-17591	2552	26	and	and	CCONJ
iiclr-17591	2552	27	each	each	PRON
iiclr-17591	2552	28	of	of	ADP
iiclr-17591	2552	29	them	they	PRON
iiclr-17591	2552	30	suitable	suitable	ADJ
iiclr-17591	2552	31	for	for	ADP
iiclr-17591	2552	32	different	different	ADJ
iiclr-17591	2552	33	settings	setting	NOUN
iiclr-17591	2552	34	.	.	PUNCT
iiclr-17591	2553	1	reaching	reach	VERB
iiclr-17591	2553	2	a	a	DET
iiclr-17591	2553	3	standard	standard	ADJ
iiclr-17591	2553	4	,	,	PUNCT
iiclr-17591	2553	5	balanced	balanced	ADJ
iiclr-17591	2553	6	model	model	NOUN
iiclr-17591	2553	7	that	that	PRON
iiclr-17591	2553	8	includes	include	VERB
iiclr-17591	2553	9	owners	owner	NOUN
iiclr-17591	2553	10	,	,	PUNCT
iiclr-17591	2553	11	managers	manager	NOUN
iiclr-17591	2553	12	and	and	CCONJ
iiclr-17591	2553	13	monitors	monitor	NOUN
iiclr-17591	2553	14	,	,	PUNCT
iiclr-17591	2553	15	however	however	ADV
iiclr-17591	2553	16	,	,	PUNCT
iiclr-17591	2553	17	is	be	AUX
iiclr-17591	2553	18	not	not	PART
iiclr-17591	2553	19	easy	easy	ADJ
iiclr-17591	2553	20	at	at	ADV
iiclr-17591	2553	21	all	all	ADV
iiclr-17591	2553	22	.	.	PUNCT
iiclr-17591	2554	1	italy	italy	PROPN
iiclr-17591	2554	2	is	be	AUX
iiclr-17591	2554	3	a	a	DET
iiclr-17591	2554	4	living	live	VERB
iiclr-17591	2554	5	demonstration	demonstration	NOUN
iiclr-17591	2554	6	of	of	ADP
iiclr-17591	2554	7	how	how	SCONJ
iiclr-17591	2554	8	difficult	difficult	ADJ
iiclr-17591	2554	9	such	such	DET
iiclr-17591	2554	10	a	a	DET
iiclr-17591	2554	11	task	task	NOUN
iiclr-17591	2554	12	is	be	AUX
iiclr-17591	2554	13	.	.	PUNCT
iiclr-17591	2555	1	307	307	NUM
iiclr-17591	2555	2	.	.	PUNCT
iiclr-17591	2556	1	see	see	VERB
iiclr-17591	2556	2	supra	supra	PROPN
iiclr-17591	2556	3	note	note	PROPN
iiclr-17591	2556	4	189	189	NUM
iiclr-17591	2556	5	,	,	PUNCT
iiclr-17591	2556	6	for	for	ADP
iiclr-17591	2556	7	the	the	DET
iiclr-17591	2556	8	widespread	widespread	ADJ
iiclr-17591	2556	9	practice	practice	NOUN
iiclr-17591	2556	10	of	of	ADP
iiclr-17591	2556	11	hiring	hire	VERB
iiclr-17591	2556	12	professional	professional	ADJ
iiclr-17591	2556	13	managers	manager	NOUN
iiclr-17591	2556	14	by	by	ADP
iiclr-17591	2556	15	italian	italian	ADJ
iiclr-17591	2556	16	large	large	ADJ
iiclr-17591	2556	17	firms	firm	NOUN
iiclr-17591	2556	18	.	.	PUNCT
iiclr-17591	2557	1	after	after	ADV
iiclr-17591	2557	2	all	all	ADV
iiclr-17591	2557	3	,	,	PUNCT
iiclr-17591	2557	4	large	large	ADJ
iiclr-17591	2557	5	owners	owner	NOUN
iiclr-17591	2557	6	seem	seem	VERB
iiclr-17591	2557	7	well	well	ADV
iiclr-17591	2557	8	-	-	PUNCT
iiclr-17591	2557	9	suited	suited	ADJ
iiclr-17591	2557	10	to	to	PART
iiclr-17591	2557	11	monitor	monitor	VERB
iiclr-17591	2557	12	them	they	PRON
iiclr-17591	2557	13	effectively	effectively	ADV
iiclr-17591	2557	14	.	.	PUNCT
iiclr-17591	2558	1	308	308	X
iiclr-17591	2558	2	.	.	PUNCT
iiclr-17591	2559	1	on	on	ADP
iiclr-17591	2559	2	agreements	agreement	NOUN
iiclr-17591	2559	3	among	among	ADP
iiclr-17591	2559	4	large	large	ADJ
iiclr-17591	2559	5	shareholdem	shareholdem	NOUN
iiclr-17591	2559	6	see	see	NOUN
iiclr-17591	2559	7	supra	supra	PROPN
iiclr-17591	2559	8	,	,	PUNCT
iiclr-17591	2559	9	part	part	NOUN
iiclr-17591	2559	10	iv.g	iv.g	NOUN
iiclr-17591	2559	11	.	.	PUNCT
iiclr-17591	2560	1	1995	1995	NUM
iiclr-17591	2560	2	]	]	PUNCT