id	sid	tid	token	lemma	pos
cord-286274-1tb3uha2	1	1	key	key	JJ
cord-286274-1tb3uha2	1	2	:	:	:
cord-286274-1tb3uha2	1	3	cord-286274	cord-286274	ADD
cord-286274-1tb3uha2	1	4	-	-	HYPH
cord-286274-1tb3uha2	1	5	1tb3uha2	1tb3uha2	CD
cord-286274-1tb3uha2	1	6	authors	author	NNS
cord-286274-1tb3uha2	1	7	:	:	:
cord-286274-1tb3uha2	1	8	Chen	Chen	NNP
cord-286274-1tb3uha2	1	9	,	,	,
cord-286274-1tb3uha2	2	1	Ming	Ming	NNP
cord-286274-1tb3uha2	2	2	-	-	HYPH
cord-286274-1tb3uha2	2	3	Hsiang	Hsiang	NNP
cord-286274-1tb3uha2	2	4	title	title	NN
cord-286274-1tb3uha2	2	5	:	:	:
cord-286274-1tb3uha2	2	6	The	the	DT
cord-286274-1tb3uha2	2	7	economy	economy	NN
cord-286274-1tb3uha2	2	8	,	,	,
cord-286274-1tb3uha2	2	9	tourism	tourism	NN
cord-286274-1tb3uha2	2	10	growth	growth	NN
cord-286274-1tb3uha2	2	11	and	and	CC
cord-286274-1tb3uha2	2	12	corporate	corporate	JJ
cord-286274-1tb3uha2	2	13	performance	performance	NN
cord-286274-1tb3uha2	2	14	in	in	IN
cord-286274-1tb3uha2	2	15	the	the	DT
cord-286274-1tb3uha2	2	16	Taiwanese	taiwanese	JJ
cord-286274-1tb3uha2	2	17	hotel	hotel	NN
cord-286274-1tb3uha2	2	18	industry	industry	NN
cord-286274-1tb3uha2	2	19	date	date	NN
cord-286274-1tb3uha2	2	20	:	:	:
cord-286274-1tb3uha2	2	21	2009	2009	CD
cord-286274-1tb3uha2	2	22	-	-	SYM
cord-286274-1tb3uha2	2	23	08	08	CD
cord-286274-1tb3uha2	2	24	-	-	SYM
cord-286274-1tb3uha2	2	25	18	18	CD
cord-286274-1tb3uha2	2	26	journal	journal	NN
cord-286274-1tb3uha2	2	27	:	:	:
cord-286274-1tb3uha2	3	1	Tour	Tour	NNP
cord-286274-1tb3uha2	3	2	Manag	Manag	NNP
cord-286274-1tb3uha2	3	3	DOI	doi	NN
cord-286274-1tb3uha2	3	4	:	:	:
cord-286274-1tb3uha2	3	5	10.1016/	10.1016/	CD
cord-286274-1tb3uha2	4	1	j.tourman.2009.07.011	j.tourman.2009.07.011	NNP
cord-286274-1tb3uha2	4	2	sha	sha	NNP
cord-286274-1tb3uha2	4	3	:	:	:
cord-286274-1tb3uha2	5	1	3799bc629d3464bc447907d75dc2483235c8fd9c	3799bc629d3464bc447907d75dc2483235c8fd9c	CD
cord-286274-1tb3uha2	5	2	doc_id	doc_id	CD
cord-286274-1tb3uha2	5	3	:	:	:
cord-286274-1tb3uha2	6	1	286274	286274	CD
cord-286274-1tb3uha2	6	2	cord_uid	cord_uid	NNS
cord-286274-1tb3uha2	6	3	:	:	:
cord-286274-1tb3uha2	6	4	1tb3uha2	1tb3uha2	CD
cord-286274-1tb3uha2	7	1	This	this	DT
cord-286274-1tb3uha2	7	2	study	study	NN
cord-286274-1tb3uha2	7	3	investigates	investigate	VBZ
cord-286274-1tb3uha2	7	4	the	the	DT
cord-286274-1tb3uha2	7	5	impact	impact	NN
cord-286274-1tb3uha2	7	6	of	of	IN
cord-286274-1tb3uha2	7	7	economy	economy	NN
cord-286274-1tb3uha2	7	8	and	and	CC
cord-286274-1tb3uha2	7	9	tourism	tourism	NN
cord-286274-1tb3uha2	7	10	growth	growth	NN
cord-286274-1tb3uha2	7	11	on	on	IN
cord-286274-1tb3uha2	7	12	the	the	DT
cord-286274-1tb3uha2	7	13	corporate	corporate	JJ
cord-286274-1tb3uha2	7	14	performance	performance	NN
cord-286274-1tb3uha2	7	15	of	of	IN
cord-286274-1tb3uha2	7	16	tourist	tourist	NN
cord-286274-1tb3uha2	7	17	hotels	hotel	NNS
cord-286274-1tb3uha2	7	18	in	in	IN
cord-286274-1tb3uha2	7	19	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	7	20	.	.	.
cord-286274-1tb3uha2	8	1	The	the	DT
cord-286274-1tb3uha2	8	2	indicators	indicator	NNS
cord-286274-1tb3uha2	8	3	of	of	IN
cord-286274-1tb3uha2	8	4	corporate	corporate	JJ
cord-286274-1tb3uha2	8	5	performance	performance	NN
cord-286274-1tb3uha2	8	6	under	under	IN
cord-286274-1tb3uha2	8	7	consideration	consideration	NN
cord-286274-1tb3uha2	8	8	are	be	VBP
cord-286274-1tb3uha2	8	9	occupancy	occupancy	NN
cord-286274-1tb3uha2	8	10	rate	rate	NN
cord-286274-1tb3uha2	8	11	(	(	-LRB-
cord-286274-1tb3uha2	8	12	OPR	OPR	NNP
cord-286274-1tb3uha2	8	13	)	)	-RRB-
cord-286274-1tb3uha2	8	14	,	,	,
cord-286274-1tb3uha2	8	15	return	return	VB
cord-286274-1tb3uha2	8	16	on	on	IN
cord-286274-1tb3uha2	8	17	assets	asset	NNS
cord-286274-1tb3uha2	8	18	(	(	-LRB-
cord-286274-1tb3uha2	8	19	ROA	ROA	NNP
cord-286274-1tb3uha2	8	20	)	)	-RRB-
cord-286274-1tb3uha2	8	21	,	,	,
cord-286274-1tb3uha2	8	22	return	return	VB
cord-286274-1tb3uha2	8	23	on	on	IN
cord-286274-1tb3uha2	8	24	equity	equity	NN
cord-286274-1tb3uha2	8	25	(	(	-LRB-
cord-286274-1tb3uha2	8	26	ROE	ROE	NNP
cord-286274-1tb3uha2	8	27	)	)	-RRB-
cord-286274-1tb3uha2	8	28	,	,	,
cord-286274-1tb3uha2	8	29	stock	stock	NN
cord-286274-1tb3uha2	8	30	return	return	NN
cord-286274-1tb3uha2	8	31	,	,	,
cord-286274-1tb3uha2	8	32	and	and	CC
cord-286274-1tb3uha2	8	33	the	the	DT
cord-286274-1tb3uha2	8	34	overall	overall	JJ
cord-286274-1tb3uha2	8	35	financial	financial	JJ
cord-286274-1tb3uha2	8	36	performance	performance	NN
cord-286274-1tb3uha2	8	37	measured	measure	VBN
cord-286274-1tb3uha2	8	38	by	by	IN
cord-286274-1tb3uha2	8	39	a	a	DT
cord-286274-1tb3uha2	8	40	comprehensive	comprehensive	JJ
cord-286274-1tb3uha2	8	41	score	score	NN
cord-286274-1tb3uha2	8	42	(	(	-LRB-
cord-286274-1tb3uha2	8	43	a	a	DT
cord-286274-1tb3uha2	8	44	combined	combined	JJ
cord-286274-1tb3uha2	8	45	measure	measure	NN
cord-286274-1tb3uha2	8	46	of	of	IN
cord-286274-1tb3uha2	8	47	asset	asset	NN
cord-286274-1tb3uha2	8	48	management	management	NN
cord-286274-1tb3uha2	8	49	,	,	,
cord-286274-1tb3uha2	8	50	profitability	profitability	NN
cord-286274-1tb3uha2	8	51	,	,	,
cord-286274-1tb3uha2	8	52	short	short	JJ
cord-286274-1tb3uha2	8	53	-	-	HYPH
cord-286274-1tb3uha2	8	54	term	term	NN
cord-286274-1tb3uha2	8	55	solvency	solvency	NN
cord-286274-1tb3uha2	8	56	or	or	CC
cord-286274-1tb3uha2	8	57	liquidity	liquidity	NN
cord-286274-1tb3uha2	8	58	and	and	CC
cord-286274-1tb3uha2	8	59	long	long	JJ
cord-286274-1tb3uha2	8	60	-	-	HYPH
cord-286274-1tb3uha2	8	61	term	term	NN
cord-286274-1tb3uha2	8	62	solvency	solvency	NN
cord-286274-1tb3uha2	8	63	based	base	VBN
cord-286274-1tb3uha2	8	64	on	on	IN
cord-286274-1tb3uha2	8	65	factor	factor	NN
cord-286274-1tb3uha2	8	66	analysis	analysis	NN
cord-286274-1tb3uha2	8	67	)	)	-RRB-
cord-286274-1tb3uha2	8	68	.	.	.
cord-286274-1tb3uha2	9	1	The	the	DT
cord-286274-1tb3uha2	9	2	effects	effect	NNS
cord-286274-1tb3uha2	9	3	of	of	IN
cord-286274-1tb3uha2	9	4	changes	change	NNS
cord-286274-1tb3uha2	9	5	in	in	IN
cord-286274-1tb3uha2	9	6	the	the	DT
cord-286274-1tb3uha2	9	7	state	state	NN
cord-286274-1tb3uha2	9	8	of	of	IN
cord-286274-1tb3uha2	9	9	economy	economy	NN
cord-286274-1tb3uha2	9	10	(	(	-LRB-
cord-286274-1tb3uha2	9	11	real	real	JJ
cord-286274-1tb3uha2	9	12	GDP	gdp	NN
cord-286274-1tb3uha2	9	13	growth	growth	NN
cord-286274-1tb3uha2	9	14	rate	rate	NN
cord-286274-1tb3uha2	9	15	,	,	,
cord-286274-1tb3uha2	9	16	[	[	-LRB-
cord-286274-1tb3uha2	9	17	Formula	formula	NN
cord-286274-1tb3uha2	9	18	:	:	:
cord-286274-1tb3uha2	9	19	see	see	VB
cord-286274-1tb3uha2	9	20	text	text	NN
cord-286274-1tb3uha2	9	21	]	]	-RRB-
cord-286274-1tb3uha2	9	22	)	)	-RRB-
cord-286274-1tb3uha2	9	23	and	and	CC
cord-286274-1tb3uha2	9	24	tourism	tourism	NN
cord-286274-1tb3uha2	9	25	growth	growth	NN
cord-286274-1tb3uha2	9	26	(	(	-LRB-
cord-286274-1tb3uha2	9	27	growth	growth	NN
cord-286274-1tb3uha2	9	28	rate	rate	NN
cord-286274-1tb3uha2	9	29	of	of	IN
cord-286274-1tb3uha2	9	30	total	total	JJ
cord-286274-1tb3uha2	9	31	foreign	foreign	JJ
cord-286274-1tb3uha2	9	32	tourist	tourist	NN
cord-286274-1tb3uha2	9	33	arrivals	arrival	NNS
cord-286274-1tb3uha2	9	34	,	,	,
cord-286274-1tb3uha2	9	35	[	[	-LRB-
cord-286274-1tb3uha2	9	36	Formula	formula	NN
cord-286274-1tb3uha2	9	37	:	:	:
cord-286274-1tb3uha2	9	38	see	see	VB
cord-286274-1tb3uha2	9	39	text	text	NN
cord-286274-1tb3uha2	9	40	]	]	-RRB-
cord-286274-1tb3uha2	9	41	)	)	-RRB-
cord-286274-1tb3uha2	9	42	on	on	IN
cord-286274-1tb3uha2	9	43	the	the	DT
cord-286274-1tb3uha2	9	44	corporate	corporate	JJ
cord-286274-1tb3uha2	9	45	performance	performance	NN
cord-286274-1tb3uha2	9	46	of	of	IN
cord-286274-1tb3uha2	9	47	tourist	tourist	NN
cord-286274-1tb3uha2	9	48	hotels	hotel	NNS
cord-286274-1tb3uha2	9	49	are	be	VBP
cord-286274-1tb3uha2	9	50	then	then	RB
cord-286274-1tb3uha2	9	51	examined	examine	VBN
cord-286274-1tb3uha2	9	52	via	via	IN
cord-286274-1tb3uha2	9	53	panel	panel	NN
cord-286274-1tb3uha2	9	54	regression	regression	NN
cord-286274-1tb3uha2	9	55	tests	test	NNS
cord-286274-1tb3uha2	9	56	.	.	.
cord-286274-1tb3uha2	10	1	Test	test	NN
cord-286274-1tb3uha2	10	2	results	result	NNS
cord-286274-1tb3uha2	10	3	show	show	VBP
cord-286274-1tb3uha2	10	4	that	that	IN
cord-286274-1tb3uha2	10	5	both	both	DT
cord-286274-1tb3uha2	10	6	[	[	-LRB-
cord-286274-1tb3uha2	10	7	Formula	formula	NN
cord-286274-1tb3uha2	10	8	:	:	:
cord-286274-1tb3uha2	10	9	see	see	VB
cord-286274-1tb3uha2	10	10	text	text	NN
cord-286274-1tb3uha2	10	11	]	]	-RRB-
cord-286274-1tb3uha2	10	12	and	and	CC
cord-286274-1tb3uha2	10	13	[	[	-LRB-
cord-286274-1tb3uha2	10	14	Formula	formula	NN
cord-286274-1tb3uha2	10	15	:	:	:
cord-286274-1tb3uha2	10	16	see	see	VB
cord-286274-1tb3uha2	10	17	text	text	NN
cord-286274-1tb3uha2	10	18	]	]	-RRB-
cord-286274-1tb3uha2	10	19	are	be	VBP
cord-286274-1tb3uha2	10	20	significant	significant	JJ
cord-286274-1tb3uha2	10	21	explanatory	explanatory	JJ
cord-286274-1tb3uha2	10	22	factors	factor	NNS
cord-286274-1tb3uha2	10	23	of	of	IN
cord-286274-1tb3uha2	10	24	OPR	OPR	NNP
cord-286274-1tb3uha2	10	25	,	,	,
cord-286274-1tb3uha2	10	26	but	but	CC
cord-286274-1tb3uha2	10	27	only	only	RB
cord-286274-1tb3uha2	10	28	[	[	-LRB-
cord-286274-1tb3uha2	10	29	Formula	formula	NN
cord-286274-1tb3uha2	10	30	:	:	:
cord-286274-1tb3uha2	10	31	see	see	VB
cord-286274-1tb3uha2	10	32	text	text	NN
cord-286274-1tb3uha2	10	33	]	]	-RRB-
cord-286274-1tb3uha2	10	34	can	can	MD
cord-286274-1tb3uha2	10	35	strongly	strongly	RB
cord-286274-1tb3uha2	10	36	explain	explain	VB
cord-286274-1tb3uha2	10	37	ROA	ROA	NNP
cord-286274-1tb3uha2	10	38	and	and	CC
cord-286274-1tb3uha2	10	39	ROE	ROE	NNP
cord-286274-1tb3uha2	10	40	.	.	.
cord-286274-1tb3uha2	11	1	However	however	RB
cord-286274-1tb3uha2	11	2	,	,	,
cord-286274-1tb3uha2	11	3	neither	neither	CC
cord-286274-1tb3uha2	11	4	[	[	-LRB-
cord-286274-1tb3uha2	11	5	Formula	formula	NN
cord-286274-1tb3uha2	11	6	:	:	:
cord-286274-1tb3uha2	11	7	see	see	VB
cord-286274-1tb3uha2	11	8	text	text	NN
cord-286274-1tb3uha2	11	9	]	]	-RRB-
cord-286274-1tb3uha2	11	10	nor	nor	CC
cord-286274-1tb3uha2	11	11	[	[	-LRB-
cord-286274-1tb3uha2	11	12	Formula	formula	NN
cord-286274-1tb3uha2	11	13	:	:	:
cord-286274-1tb3uha2	11	14	see	see	VB
cord-286274-1tb3uha2	11	15	text	text	NN
cord-286274-1tb3uha2	11	16	]	]	-RRB-
cord-286274-1tb3uha2	11	17	have	have	VB
cord-286274-1tb3uha2	11	18	a	a	DT
cord-286274-1tb3uha2	11	19	significant	significant	JJ
cord-286274-1tb3uha2	11	20	influence	influence	NN
cord-286274-1tb3uha2	11	21	on	on	IN
cord-286274-1tb3uha2	11	22	hotel	hotel	NN
cord-286274-1tb3uha2	11	23	stock	stock	NN
cord-286274-1tb3uha2	11	24	performance	performance	NN
cord-286274-1tb3uha2	11	25	.	.	.
cord-286274-1tb3uha2	12	1	Further	further	RB
cord-286274-1tb3uha2	12	2	,	,	,
cord-286274-1tb3uha2	12	3	the	the	DT
cord-286274-1tb3uha2	12	4	economic	economic	JJ
cord-286274-1tb3uha2	12	5	factor	factor	NN
cord-286274-1tb3uha2	12	6	[	[	-LRB-
cord-286274-1tb3uha2	12	7	Formula	formula	NN
cord-286274-1tb3uha2	12	8	:	:	:
cord-286274-1tb3uha2	12	9	see	see	VB
cord-286274-1tb3uha2	12	10	text	text	NN
cord-286274-1tb3uha2	12	11	]	]	-RRB-
cord-286274-1tb3uha2	12	12	is	be	VBZ
cord-286274-1tb3uha2	12	13	slightly	slightly	RB
cord-286274-1tb3uha2	12	14	more	more	RBR
cord-286274-1tb3uha2	12	15	crucial	crucial	JJ
cord-286274-1tb3uha2	12	16	than	than	IN
cord-286274-1tb3uha2	12	17	the	the	DT
cord-286274-1tb3uha2	12	18	industry	industry	NN
cord-286274-1tb3uha2	12	19	factor	factor	NN
cord-286274-1tb3uha2	12	20	[	[	-LRB-
cord-286274-1tb3uha2	12	21	Formula	formula	NN
cord-286274-1tb3uha2	12	22	:	:	:
cord-286274-1tb3uha2	12	23	see	see	VB
cord-286274-1tb3uha2	12	24	text	text	NN
cord-286274-1tb3uha2	12	25	]	]	-RRB-
cord-286274-1tb3uha2	12	26	in	in	IN
cord-286274-1tb3uha2	12	27	describing	describe	VBG
cord-286274-1tb3uha2	12	28	the	the	DT
cord-286274-1tb3uha2	12	29	overall	overall	JJ
cord-286274-1tb3uha2	12	30	financial	financial	JJ
cord-286274-1tb3uha2	12	31	performance	performance	NN
cord-286274-1tb3uha2	12	32	in	in	IN
cord-286274-1tb3uha2	12	33	the	the	DT
cord-286274-1tb3uha2	12	34	Taiwanese	taiwanese	JJ
cord-286274-1tb3uha2	12	35	hotel	hotel	NN
cord-286274-1tb3uha2	12	36	industry	industry	NN
cord-286274-1tb3uha2	12	37	.	.	.
cord-286274-1tb3uha2	13	1	Empirical	empirical	JJ
cord-286274-1tb3uha2	13	2	findings	finding	NNS
cord-286274-1tb3uha2	13	3	offer	offer	VBP
cord-286274-1tb3uha2	13	4	valuable	valuable	JJ
cord-286274-1tb3uha2	13	5	information	information	NN
cord-286274-1tb3uha2	13	6	for	for	IN
cord-286274-1tb3uha2	13	7	government	government	NN
cord-286274-1tb3uha2	13	8	tourism	tourism	NN
cord-286274-1tb3uha2	13	9	policymakers	policymaker	NNS
cord-286274-1tb3uha2	13	10	and	and	CC
cord-286274-1tb3uha2	13	11	tourist	tourist	NN
cord-286274-1tb3uha2	13	12	hotel	hotel	NN
cord-286274-1tb3uha2	13	13	owners	owner	NNS
cord-286274-1tb3uha2	13	14	and	and	CC
cord-286274-1tb3uha2	13	15	managers	manager	NNS
cord-286274-1tb3uha2	13	16	.	.	.
cord-286274-1tb3uha2	14	1	The	the	DT
cord-286274-1tb3uha2	14	2	economy	economy	NN
cord-286274-1tb3uha2	14	3	is	be	VBZ
cord-286274-1tb3uha2	14	4	the	the	DT
cord-286274-1tb3uha2	14	5	environment	environment	NN
cord-286274-1tb3uha2	14	6	in	in	IN
cord-286274-1tb3uha2	14	7	which	which	WDT
cord-286274-1tb3uha2	14	8	all	all	DT
cord-286274-1tb3uha2	14	9	firms	firm	NNS
cord-286274-1tb3uha2	14	10	operate	operate	VBP
cord-286274-1tb3uha2	14	11	(	(	-LRB-
cord-286274-1tb3uha2	14	12	Bodie	Bodie	NNP
cord-286274-1tb3uha2	14	13	,	,	,
cord-286274-1tb3uha2	14	14	Kane	Kane	NNP
cord-286274-1tb3uha2	14	15	,	,	,
cord-286274-1tb3uha2	14	16	&	&	CC
cord-286274-1tb3uha2	14	17	Marcus	Marcus	NNP
cord-286274-1tb3uha2	14	18	,	,	,
cord-286274-1tb3uha2	14	19	2008	2008	CD
cord-286274-1tb3uha2	14	20	)	)	-RRB-
cord-286274-1tb3uha2	14	21	.	.	.
cord-286274-1tb3uha2	15	1	Thus	thus	RB
cord-286274-1tb3uha2	15	2	,	,	,
cord-286274-1tb3uha2	15	3	the	the	DT
cord-286274-1tb3uha2	15	4	prospects	prospect	NNS
cord-286274-1tb3uha2	15	5	of	of	IN
cord-286274-1tb3uha2	15	6	a	a	DT
cord-286274-1tb3uha2	15	7	firm	firm	NN
cord-286274-1tb3uha2	15	8	are	be	VBP
cord-286274-1tb3uha2	15	9	closely	closely	RB
cord-286274-1tb3uha2	15	10	tied	tie	VBN
cord-286274-1tb3uha2	15	11	to	to	IN
cord-286274-1tb3uha2	15	12	the	the	DT
cord-286274-1tb3uha2	15	13	state	state	NN
cord-286274-1tb3uha2	15	14	of	of	IN
cord-286274-1tb3uha2	15	15	the	the	DT
cord-286274-1tb3uha2	15	16	economy	economy	NN
cord-286274-1tb3uha2	15	17	(	(	-LRB-
cord-286274-1tb3uha2	15	18	or	or	CC
cord-286274-1tb3uha2	15	19	economic	economic	JJ
cord-286274-1tb3uha2	15	20	climate	climate	NN
cord-286274-1tb3uha2	15	21	)	)	-RRB-
cord-286274-1tb3uha2	15	22	.	.	.
cord-286274-1tb3uha2	16	1	In	in	IN
cord-286274-1tb3uha2	16	2	other	other	JJ
cord-286274-1tb3uha2	16	3	words	word	NNS
cord-286274-1tb3uha2	16	4	,	,	,
cord-286274-1tb3uha2	16	5	changes	change	NNS
cord-286274-1tb3uha2	16	6	in	in	IN
cord-286274-1tb3uha2	16	7	corporate	corporate	JJ
cord-286274-1tb3uha2	16	8	performance	performance	NN
cord-286274-1tb3uha2	16	9	are	be	VBP
cord-286274-1tb3uha2	16	10	closely	closely	RB
cord-286274-1tb3uha2	16	11	related	relate	VBN
cord-286274-1tb3uha2	16	12	to	to	IN
cord-286274-1tb3uha2	16	13	expansion	expansion	NN
cord-286274-1tb3uha2	16	14	and	and	CC
cord-286274-1tb3uha2	16	15	contraction	contraction	NN
cord-286274-1tb3uha2	16	16	of	of	IN
cord-286274-1tb3uha2	16	17	the	the	DT
cord-286274-1tb3uha2	16	18	business	business	NN
cord-286274-1tb3uha2	16	19	cycle	cycle	NN
cord-286274-1tb3uha2	16	20	.	.	.
cord-286274-1tb3uha2	17	1	Bodie	Bodie	NNP
cord-286274-1tb3uha2	17	2	et	et	NNP
cord-286274-1tb3uha2	17	3	al	al	NNP
cord-286274-1tb3uha2	17	4	.	.	.
cord-286274-1tb3uha2	18	1	(	(	-LRB-
cord-286274-1tb3uha2	18	2	2008	2008	CD
cord-286274-1tb3uha2	18	3	)	)	-RRB-
cord-286274-1tb3uha2	18	4	argued	argue	VBD
cord-286274-1tb3uha2	18	5	that	that	IN
cord-286274-1tb3uha2	18	6	the	the	DT
cord-286274-1tb3uha2	18	7	economic	economic	JJ
cord-286274-1tb3uha2	18	8	climate	climate	NN
cord-286274-1tb3uha2	18	9	might	may	MD
cord-286274-1tb3uha2	18	10	have	have	VB
cord-286274-1tb3uha2	18	11	a	a	DT
cord-286274-1tb3uha2	18	12	greater	great	JJR
cord-286274-1tb3uha2	18	13	impact	impact	NN
cord-286274-1tb3uha2	18	14	on	on	IN
cord-286274-1tb3uha2	18	15	profits	profit	NNS
cord-286274-1tb3uha2	18	16	than	than	IN
cord-286274-1tb3uha2	18	17	the	the	DT
cord-286274-1tb3uha2	18	18	firm	firm	NN
cord-286274-1tb3uha2	18	19	's	's	POS
cord-286274-1tb3uha2	18	20	performance	performance	NN
cord-286274-1tb3uha2	18	21	within	within	IN
cord-286274-1tb3uha2	18	22	its	-PRON-	PRP$
cord-286274-1tb3uha2	18	23	industry	industry	NN
cord-286274-1tb3uha2	18	24	.	.	.
cord-286274-1tb3uha2	19	1	The	the	DT
cord-286274-1tb3uha2	19	2	corporate	corporate	JJ
cord-286274-1tb3uha2	19	3	performance	performance	NN
cord-286274-1tb3uha2	19	4	in	in	IN
cord-286274-1tb3uha2	19	5	the	the	DT
cord-286274-1tb3uha2	19	6	hotel	hotel	NN
cord-286274-1tb3uha2	19	7	industry	industry	NN
cord-286274-1tb3uha2	19	8	may	may	MD
cord-286274-1tb3uha2	19	9	also	also	RB
cord-286274-1tb3uha2	19	10	rely	rely	VB
cord-286274-1tb3uha2	19	11	on	on	IN
cord-286274-1tb3uha2	19	12	economic	economic	JJ
cord-286274-1tb3uha2	19	13	conditions	condition	NNS
cord-286274-1tb3uha2	19	14	.	.	.
cord-286274-1tb3uha2	20	1	The	the	DT
cord-286274-1tb3uha2	20	2	hotel	hotel	NN
cord-286274-1tb3uha2	20	3	industry	industry	NN
cord-286274-1tb3uha2	20	4	is	be	VBZ
cord-286274-1tb3uha2	20	5	viewed	view	VBN
cord-286274-1tb3uha2	20	6	as	as	IN
cord-286274-1tb3uha2	20	7	a	a	DT
cord-286274-1tb3uha2	20	8	cyclical	cyclical	JJ
cord-286274-1tb3uha2	20	9	industry	industry	NN
cord-286274-1tb3uha2	20	10	,	,	,
cord-286274-1tb3uha2	20	11	an	an	DT
cord-286274-1tb3uha2	20	12	industry	industry	NN
cord-286274-1tb3uha2	20	13	that	that	WDT
cord-286274-1tb3uha2	20	14	is	be	VBZ
cord-286274-1tb3uha2	20	15	highly	highly	RB
cord-286274-1tb3uha2	20	16	sensitive	sensitive	JJ
cord-286274-1tb3uha2	20	17	to	to	IN
cord-286274-1tb3uha2	20	18	the	the	DT
cord-286274-1tb3uha2	20	19	state	state	NN
cord-286274-1tb3uha2	20	20	of	of	IN
cord-286274-1tb3uha2	20	21	the	the	DT
cord-286274-1tb3uha2	20	22	economy	economy	NN
cord-286274-1tb3uha2	21	1	(	(	-LRB-
cord-286274-1tb3uha2	21	2	Bodie	Bodie	NNP
cord-286274-1tb3uha2	21	3	et	et	NNP
cord-286274-1tb3uha2	21	4	al	al	NNP
cord-286274-1tb3uha2	21	5	.	.	NNP
cord-286274-1tb3uha2	21	6	,	,	,
cord-286274-1tb3uha2	21	7	2008	2008	CD
cord-286274-1tb3uha2	21	8	)	)	-RRB-
cord-286274-1tb3uha2	21	9	.	.	.
cord-286274-1tb3uha2	22	1	The	the	DT
cord-286274-1tb3uha2	22	2	reason	reason	NN
cord-286274-1tb3uha2	22	3	is	be	VBZ
cord-286274-1tb3uha2	22	4	that	that	IN
cord-286274-1tb3uha2	22	5	the	the	DT
cord-286274-1tb3uha2	22	6	hotel	hotel	NN
cord-286274-1tb3uha2	22	7	companies	company	NNS
cord-286274-1tb3uha2	22	8	tend	tend	VBP
cord-286274-1tb3uha2	22	9	to	to	TO
cord-286274-1tb3uha2	22	10	have	have	VB
cord-286274-1tb3uha2	22	11	higher	high	JJR
cord-286274-1tb3uha2	22	12	fixed	fix	VBN
cord-286274-1tb3uha2	22	13	costs	cost	NNS
cord-286274-1tb3uha2	22	14	(	(	-LRB-
cord-286274-1tb3uha2	22	15	costs	cost	NNS
cord-286274-1tb3uha2	22	16	that	that	WDT
cord-286274-1tb3uha2	22	17	all	all	DT
cord-286274-1tb3uha2	22	18	firms	firm	NNS
cord-286274-1tb3uha2	22	19	incur	incur	VBP
cord-286274-1tb3uha2	22	20	regardless	regardless	RB
cord-286274-1tb3uha2	22	21	of	of	IN
cord-286274-1tb3uha2	22	22	their	-PRON-	PRP$
cord-286274-1tb3uha2	22	23	production	production	NN
cord-286274-1tb3uha2	22	24	levels	level	NNS
cord-286274-1tb3uha2	22	25	)	)	-RRB-
cord-286274-1tb3uha2	22	26	than	than	IN
cord-286274-1tb3uha2	22	27	variable	variable	JJ
cord-286274-1tb3uha2	22	28	costs	cost	NNS
cord-286274-1tb3uha2	22	29	(	(	-LRB-
cord-286274-1tb3uha2	22	30	costs	cost	NNS
cord-286274-1tb3uha2	22	31	that	that	WDT
cord-286274-1tb3uha2	22	32	increase	increase	VBP
cord-286274-1tb3uha2	22	33	or	or	CC
cord-286274-1tb3uha2	22	34	decrease	decrease	NN
cord-286274-1tb3uha2	22	35	as	as	IN
cord-286274-1tb3uha2	22	36	the	the	DT
cord-286274-1tb3uha2	22	37	firm	firm	NN
cord-286274-1tb3uha2	22	38	produces	produce	VBZ
cord-286274-1tb3uha2	22	39	more	more	RBR
cord-286274-1tb3uha2	22	40	or	or	CC
cord-286274-1tb3uha2	22	41	less	less	RBR
cord-286274-1tb3uha2	22	42	)	)	-RRB-
cord-286274-1tb3uha2	22	43	.	.	.
cord-286274-1tb3uha2	23	1	With	with	IN
cord-286274-1tb3uha2	23	2	high	high	JJ
cord-286274-1tb3uha2	23	3	fixed	fix	VBN
cord-286274-1tb3uha2	23	4	costs	cost	NNS
cord-286274-1tb3uha2	23	5	,	,	,
cord-286274-1tb3uha2	23	6	hotel	hotel	NN
cord-286274-1tb3uha2	23	7	companies	company	NNS
cord-286274-1tb3uha2	23	8	are	be	VBP
cord-286274-1tb3uha2	23	9	very	very	RB
cord-286274-1tb3uha2	23	10	sensitive	sensitive	JJ
cord-286274-1tb3uha2	23	11	to	to	IN
cord-286274-1tb3uha2	23	12	business	business	NN
cord-286274-1tb3uha2	23	13	conditions	condition	NNS
cord-286274-1tb3uha2	23	14	because	because	IN
cord-286274-1tb3uha2	23	15	in	in	IN
cord-286274-1tb3uha2	23	16	economic	economic	JJ
cord-286274-1tb3uha2	23	17	downturns	downturn	NNS
cord-286274-1tb3uha2	23	18	,	,	,
cord-286274-1tb3uha2	23	19	hotel	hotel	NN
cord-286274-1tb3uha2	23	20	firms	firm	NNS
cord-286274-1tb3uha2	23	21	can	can	MD
cord-286274-1tb3uha2	23	22	not	not	RB
cord-286274-1tb3uha2	23	23	reduce	reduce	VB
cord-286274-1tb3uha2	23	24	costs	cost	NNS
cord-286274-1tb3uha2	23	25	as	as	IN
cord-286274-1tb3uha2	23	26	output	output	NN
cord-286274-1tb3uha2	23	27	falls	fall	VBZ
cord-286274-1tb3uha2	23	28	in	in	IN
cord-286274-1tb3uha2	23	29	response	response	NN
cord-286274-1tb3uha2	23	30	to	to	IN
cord-286274-1tb3uha2	23	31	falling	fall	VBG
cord-286274-1tb3uha2	23	32	sales	sale	NNS
cord-286274-1tb3uha2	23	33	.	.	.
cord-286274-1tb3uha2	24	1	Hotel	hotel	NN
cord-286274-1tb3uha2	24	2	profits	profit	NNS
cord-286274-1tb3uha2	24	3	will	will	MD
cord-286274-1tb3uha2	24	4	hence	hence	RB
cord-286274-1tb3uha2	24	5	swing	swing	VB
cord-286274-1tb3uha2	24	6	more	more	RBR
cord-286274-1tb3uha2	24	7	widely	widely	RB
cord-286274-1tb3uha2	24	8	with	with	IN
cord-286274-1tb3uha2	24	9	sales	sale	NNS
cord-286274-1tb3uha2	24	10	because	because	IN
cord-286274-1tb3uha2	24	11	costs	cost	NNS
cord-286274-1tb3uha2	24	12	do	do	VBP
cord-286274-1tb3uha2	24	13	not	not	RB
cord-286274-1tb3uha2	24	14	move	move	VB
cord-286274-1tb3uha2	24	15	to	to	TO
cord-286274-1tb3uha2	24	16	offset	offset	VB
cord-286274-1tb3uha2	24	17	revenue	revenue	NN
cord-286274-1tb3uha2	24	18	variability	variability	NN
cord-286274-1tb3uha2	25	1	(	(	-LRB-
cord-286274-1tb3uha2	25	2	i.e.	i.e.	FW
cord-286274-1tb3uha2	25	3	small	small	JJ
cord-286274-1tb3uha2	25	4	swings	swing	NNS
cord-286274-1tb3uha2	25	5	in	in	IN
cord-286274-1tb3uha2	25	6	business	business	NN
cord-286274-1tb3uha2	25	7	conditions	condition	NNS
cord-286274-1tb3uha2	25	8	can	can	MD
cord-286274-1tb3uha2	25	9	have	have	VB
cord-286274-1tb3uha2	25	10	profound	profound	JJ
cord-286274-1tb3uha2	25	11	effects	effect	NNS
cord-286274-1tb3uha2	25	12	on	on	IN
cord-286274-1tb3uha2	25	13	profitability	profitability	NN
cord-286274-1tb3uha2	25	14	of	of	IN
cord-286274-1tb3uha2	25	15	hotels	hotel	NNS
cord-286274-1tb3uha2	25	16	)	)	-RRB-
cord-286274-1tb3uha2	25	17	.	.	.
cord-286274-1tb3uha2	26	1	As	as	IN
cord-286274-1tb3uha2	26	2	Graham	Graham	NNP
cord-286274-1tb3uha2	26	3	and	and	CC
cord-286274-1tb3uha2	26	4	Harris	Harris	NNP
cord-286274-1tb3uha2	26	5	(	(	-LRB-
cord-286274-1tb3uha2	26	6	1999	1999	CD
cord-286274-1tb3uha2	26	7	)	)	-RRB-
cord-286274-1tb3uha2	26	8	noted	note	VBD
cord-286274-1tb3uha2	26	9	,	,	,
cord-286274-1tb3uha2	26	10	due	due	IN
cord-286274-1tb3uha2	26	11	to	to	IN
cord-286274-1tb3uha2	26	12	their	-PRON-	PRP$
cord-286274-1tb3uha2	26	13	high	high	JJ
cord-286274-1tb3uha2	26	14	fixed	fix	VBN
cord-286274-1tb3uha2	26	15	costs	cost	NNS
cord-286274-1tb3uha2	26	16	,	,	,
cord-286274-1tb3uha2	26	17	hotels	hotel	NNS
cord-286274-1tb3uha2	26	18	require	require	VBP
cord-286274-1tb3uha2	26	19	maintaining	maintain	VBG
cord-286274-1tb3uha2	26	20	high	high	JJ
cord-286274-1tb3uha2	26	21	revenue	revenue	NN
cord-286274-1tb3uha2	26	22	to	to	TO
cord-286274-1tb3uha2	26	23	survive	survive	VB
cord-286274-1tb3uha2	26	24	and	and	CC
cord-286274-1tb3uha2	26	25	generate	generate	VB
cord-286274-1tb3uha2	26	26	adequate	adequate	JJ
cord-286274-1tb3uha2	26	27	profit	profit	NN
cord-286274-1tb3uha2	26	28	.	.	.
cord-286274-1tb3uha2	27	1	In	in	IN
cord-286274-1tb3uha2	27	2	addition	addition	NN
cord-286274-1tb3uha2	27	3	to	to	IN
cord-286274-1tb3uha2	27	4	economic	economic	JJ
cord-286274-1tb3uha2	27	5	condition	condition	NN
cord-286274-1tb3uha2	27	6	,	,	,
cord-286274-1tb3uha2	27	7	tourism	tourism	NN
cord-286274-1tb3uha2	27	8	expansion	expansion	NN
cord-286274-1tb3uha2	27	9	or	or	CC
cord-286274-1tb3uha2	27	10	tourism	tourism	NN
cord-286274-1tb3uha2	27	11	growth	growth	NN
cord-286274-1tb3uha2	27	12	can	can	MD
cord-286274-1tb3uha2	27	13	also	also	RB
cord-286274-1tb3uha2	27	14	have	have	VB
cord-286274-1tb3uha2	27	15	a	a	DT
cord-286274-1tb3uha2	27	16	strong	strong	JJ
cord-286274-1tb3uha2	27	17	influence	influence	NN
cord-286274-1tb3uha2	27	18	on	on	IN
cord-286274-1tb3uha2	27	19	the	the	DT
cord-286274-1tb3uha2	27	20	corporate	corporate	JJ
cord-286274-1tb3uha2	27	21	performance	performance	NN
cord-286274-1tb3uha2	27	22	of	of	IN
cord-286274-1tb3uha2	27	23	hotel	hotel	NN
cord-286274-1tb3uha2	27	24	companies	company	NNS
cord-286274-1tb3uha2	27	25	.	.	.
cord-286274-1tb3uha2	28	1	On	on	IN
cord-286274-1tb3uha2	28	2	the	the	DT
cord-286274-1tb3uha2	28	3	one	one	CD
cord-286274-1tb3uha2	28	4	hand	hand	NN
cord-286274-1tb3uha2	28	5	,	,	,
cord-286274-1tb3uha2	28	6	the	the	DT
cord-286274-1tb3uha2	28	7	expansion	expansion	NN
cord-286274-1tb3uha2	28	8	of	of	IN
cord-286274-1tb3uha2	28	9	tourism	tourism	NN
cord-286274-1tb3uha2	28	10	industry	industry	NN
cord-286274-1tb3uha2	28	11	or	or	CC
cord-286274-1tb3uha2	28	12	activities	activity	NNS
cord-286274-1tb3uha2	28	13	directly	directly	RB
cord-286274-1tb3uha2	28	14	enhances	enhance	VBZ
cord-286274-1tb3uha2	28	15	the	the	DT
cord-286274-1tb3uha2	28	16	development	development	NN
cord-286274-1tb3uha2	28	17	of	of	IN
cord-286274-1tb3uha2	28	18	hotel	hotel	NN
cord-286274-1tb3uha2	28	19	industry	industry	NN
cord-286274-1tb3uha2	28	20	by	by	IN
cord-286274-1tb3uha2	28	21	increasing	increase	VBG
cord-286274-1tb3uha2	28	22	the	the	DT
cord-286274-1tb3uha2	28	23	occupancy	occupancy	NN
cord-286274-1tb3uha2	28	24	rate	rate	NN
cord-286274-1tb3uha2	28	25	and	and	CC
cord-286274-1tb3uha2	28	26	hence	hence	RB
cord-286274-1tb3uha2	28	27	sales	sale	NNS
cord-286274-1tb3uha2	28	28	revenue	revenue	NN
cord-286274-1tb3uha2	28	29	.	.	.
cord-286274-1tb3uha2	29	1	On	on	IN
cord-286274-1tb3uha2	29	2	the	the	DT
cord-286274-1tb3uha2	29	3	other	other	JJ
cord-286274-1tb3uha2	29	4	hand	hand	NN
cord-286274-1tb3uha2	29	5	,	,	,
cord-286274-1tb3uha2	29	6	tourism	tourism	NN
cord-286274-1tb3uha2	29	7	development	development	NN
cord-286274-1tb3uha2	29	8	can	can	MD
cord-286274-1tb3uha2	29	9	significantly	significantly	RB
cord-286274-1tb3uha2	29	10	improve	improve	VB
cord-286274-1tb3uha2	29	11	business	business	NN
cord-286274-1tb3uha2	29	12	environment	environment	NN
cord-286274-1tb3uha2	29	13	,	,	,
cord-286274-1tb3uha2	29	14	which	which	WDT
cord-286274-1tb3uha2	29	15	has	have	VBZ
cord-286274-1tb3uha2	29	16	an	an	DT
cord-286274-1tb3uha2	29	17	indirect	indirect	JJ
cord-286274-1tb3uha2	29	18	effect	effect	NN
cord-286274-1tb3uha2	29	19	on	on	IN
cord-286274-1tb3uha2	29	20	the	the	DT
cord-286274-1tb3uha2	29	21	corporate	corporate	JJ
cord-286274-1tb3uha2	29	22	performance	performance	NN
cord-286274-1tb3uha2	29	23	of	of	IN
cord-286274-1tb3uha2	29	24	hotel	hotel	NN
cord-286274-1tb3uha2	29	25	firms	firm	NNS
cord-286274-1tb3uha2	29	26	.	.	.
cord-286274-1tb3uha2	30	1	Previous	previous	JJ
cord-286274-1tb3uha2	30	2	empirical	empirical	JJ
cord-286274-1tb3uha2	30	3	studies	study	NNS
cord-286274-1tb3uha2	30	4	have	have	VBP
cord-286274-1tb3uha2	30	5	supported	support	VBN
cord-286274-1tb3uha2	30	6	that	that	IN
cord-286274-1tb3uha2	30	7	tourism	tourism	NN
cord-286274-1tb3uha2	30	8	expansion	expansion	NN
cord-286274-1tb3uha2	30	9	can	can	MD
cord-286274-1tb3uha2	30	10	boost	boost	VB
cord-286274-1tb3uha2	30	11	economic	economic	JJ
cord-286274-1tb3uha2	30	12	development	development	NN
cord-286274-1tb3uha2	30	13	(	(	-LRB-
cord-286274-1tb3uha2	30	14	Balaguer	Balaguer	NNP
cord-286274-1tb3uha2	30	15	&	&	CC
cord-286274-1tb3uha2	30	16	Cantavella	Cantavella	NNP
cord-286274-1tb3uha2	30	17	-	-	HYPH
cord-286274-1tb3uha2	30	18	Jorda	Jorda	NNP
cord-286274-1tb3uha2	30	19	,	,	,
cord-286274-1tb3uha2	30	20	2002	2002	CD
cord-286274-1tb3uha2	30	21	;	;	:
cord-286274-1tb3uha2	30	22	Dritsakis	Dritsakis	NNP
cord-286274-1tb3uha2	30	23	,	,	,
cord-286274-1tb3uha2	30	24	2004	2004	CD
cord-286274-1tb3uha2	30	25	;	;	:
cord-286274-1tb3uha2	30	26	Fayissa	Fayissa	NNP
cord-286274-1tb3uha2	30	27	,	,	,
cord-286274-1tb3uha2	30	28	Nsiah	Nsiah	NNP
cord-286274-1tb3uha2	30	29	,	,	,
cord-286274-1tb3uha2	30	30	&	&	CC
cord-286274-1tb3uha2	30	31	Tadasse	Tadasse	NNP
cord-286274-1tb3uha2	30	32	,	,	,
cord-286274-1tb3uha2	30	33	2008	2008	CD
cord-286274-1tb3uha2	30	34	;	;	:
cord-286274-1tb3uha2	30	35	Gunduz	Gunduz	NNP
cord-286274-1tb3uha2	30	36	&	&	CC
cord-286274-1tb3uha2	30	37	Hatemi	Hatemi	NNP
cord-286274-1tb3uha2	30	38	-	-	HYPH
cord-286274-1tb3uha2	30	39	J	J	NNP
cord-286274-1tb3uha2	30	40	,	,	,
cord-286274-1tb3uha2	30	41	2005	2005	CD
cord-286274-1tb3uha2	30	42	;	;	:
cord-286274-1tb3uha2	30	43	Kim	Kim	NNP
cord-286274-1tb3uha2	30	44	,	,	,
cord-286274-1tb3uha2	30	45	Chen	Chen	NNP
cord-286274-1tb3uha2	30	46	,	,	,
cord-286274-1tb3uha2	30	47	&	&	CC
cord-286274-1tb3uha2	30	48	Jang	Jang	NNP
cord-286274-1tb3uha2	30	49	,	,	,
cord-286274-1tb3uha2	30	50	2006	2006	CD
cord-286274-1tb3uha2	30	51	;	;	:
cord-286274-1tb3uha2	30	52	Lee	Lee	NNP
cord-286274-1tb3uha2	30	53	&	&	CC
cord-286274-1tb3uha2	30	54	Chang	Chang	NNP
cord-286274-1tb3uha2	30	55	,	,	,
cord-286274-1tb3uha2	30	56	2008	2008	CD
cord-286274-1tb3uha2	30	57	;	;	:
cord-286274-1tb3uha2	30	58	Proenca	Proenca	NNP
cord-286274-1tb3uha2	30	59	&	&	CC
cord-286274-1tb3uha2	30	60	Soukiazis	Soukiazis	NNP
cord-286274-1tb3uha2	30	61	,	,	,
cord-286274-1tb3uha2	30	62	2008	2008	CD
cord-286274-1tb3uha2	30	63	)	)	-RRB-
cord-286274-1tb3uha2	30	64	.	.	.
cord-286274-1tb3uha2	31	1	Chen	Chen	NNP
cord-286274-1tb3uha2	31	2	(	(	-LRB-
cord-286274-1tb3uha2	31	3	2007b	2007b	CD
cord-286274-1tb3uha2	31	4	)	)	-RRB-
cord-286274-1tb3uha2	31	5	showed	show	VBD
cord-286274-1tb3uha2	31	6	that	that	IN
cord-286274-1tb3uha2	31	7	improved	improve	VBN
cord-286274-1tb3uha2	31	8	economic	economic	JJ
cord-286274-1tb3uha2	31	9	conditions	condition	NNS
cord-286274-1tb3uha2	31	10	caused	cause	VBN
cord-286274-1tb3uha2	31	11	by	by	IN
cord-286274-1tb3uha2	31	12	tourism	tourism	NN
cord-286274-1tb3uha2	31	13	expansion	expansion	NN
cord-286274-1tb3uha2	31	14	could	could	MD
cord-286274-1tb3uha2	31	15	raise	raise	VB
cord-286274-1tb3uha2	31	16	corporate	corporate	JJ
cord-286274-1tb3uha2	31	17	earnings	earning	NNS
cord-286274-1tb3uha2	31	18	and	and	CC
cord-286274-1tb3uha2	31	19	strengthen	strengthen	VB
cord-286274-1tb3uha2	31	20	the	the	DT
cord-286274-1tb3uha2	31	21	financial	financial	JJ
cord-286274-1tb3uha2	31	22	performance	performance	NN
cord-286274-1tb3uha2	31	23	of	of	IN
cord-286274-1tb3uha2	31	24	tourism	tourism	NN
cord-286274-1tb3uha2	31	25	-	-	HYPH
cord-286274-1tb3uha2	31	26	related	relate	VBN
cord-286274-1tb3uha2	31	27	firms	firm	NNS
cord-286274-1tb3uha2	31	28	.	.	.
cord-286274-1tb3uha2	32	1	In	in	IN
cord-286274-1tb3uha2	32	2	other	other	JJ
cord-286274-1tb3uha2	32	3	words	word	NNS
cord-286274-1tb3uha2	32	4	,	,	,
cord-286274-1tb3uha2	32	5	the	the	DT
cord-286274-1tb3uha2	32	6	expansion	expansion	NN
cord-286274-1tb3uha2	32	7	of	of	IN
cord-286274-1tb3uha2	32	8	tourism	tourism	NN
cord-286274-1tb3uha2	32	9	is	be	VBZ
cord-286274-1tb3uha2	32	10	expected	expect	VBN
cord-286274-1tb3uha2	32	11	to	to	TO
cord-286274-1tb3uha2	32	12	promote	promote	VB
cord-286274-1tb3uha2	32	13	the	the	DT
cord-286274-1tb3uha2	32	14	corporate	corporate	JJ
cord-286274-1tb3uha2	32	15	performance	performance	NN
cord-286274-1tb3uha2	32	16	of	of	IN
cord-286274-1tb3uha2	32	17	hotel	hotel	NN
cord-286274-1tb3uha2	32	18	companies	company	NNS
cord-286274-1tb3uha2	32	19	.	.	.
cord-286274-1tb3uha2	33	1	This	this	DT
cord-286274-1tb3uha2	33	2	study	study	NN
cord-286274-1tb3uha2	33	3	investigates	investigate	VBZ
cord-286274-1tb3uha2	33	4	the	the	DT
cord-286274-1tb3uha2	33	5	impact	impact	NN
cord-286274-1tb3uha2	33	6	of	of	IN
cord-286274-1tb3uha2	33	7	the	the	DT
cord-286274-1tb3uha2	33	8	state	state	NN
cord-286274-1tb3uha2	33	9	of	of	IN
cord-286274-1tb3uha2	33	10	economy	economy	NN
cord-286274-1tb3uha2	33	11	and	and	CC
cord-286274-1tb3uha2	33	12	tourism	tourism	NN
cord-286274-1tb3uha2	33	13	growth	growth	NN
cord-286274-1tb3uha2	33	14	on	on	IN
cord-286274-1tb3uha2	33	15	the	the	DT
cord-286274-1tb3uha2	33	16	corporate	corporate	JJ
cord-286274-1tb3uha2	33	17	performance	performance	NN
cord-286274-1tb3uha2	33	18	of	of	IN
cord-286274-1tb3uha2	33	19	tourist	tourist	NN
cord-286274-1tb3uha2	33	20	hotels	hotel	NNS
cord-286274-1tb3uha2	33	21	in	in	IN
cord-286274-1tb3uha2	33	22	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	33	23	.	.	.
cord-286274-1tb3uha2	34	1	To	to	TO
cord-286274-1tb3uha2	34	2	measure	measure	VB
cord-286274-1tb3uha2	34	3	corporate	corporate	JJ
cord-286274-1tb3uha2	34	4	performance	performance	NN
cord-286274-1tb3uha2	34	5	,	,	,
cord-286274-1tb3uha2	34	6	the	the	DT
cord-286274-1tb3uha2	34	7	majority	majority	NN
cord-286274-1tb3uha2	34	8	of	of	IN
cord-286274-1tb3uha2	34	9	previous	previous	JJ
cord-286274-1tb3uha2	34	10	studies	study	NNS
cord-286274-1tb3uha2	34	11	used	use	VBD
cord-286274-1tb3uha2	34	12	return	return	NN
cord-286274-1tb3uha2	34	13	on	on	IN
cord-286274-1tb3uha2	34	14	assets	asset	NNS
cord-286274-1tb3uha2	34	15	/	/	SYM
cord-286274-1tb3uha2	34	16	return	return	NN
cord-286274-1tb3uha2	34	17	on	on	IN
cord-286274-1tb3uha2	34	18	equity	equity	NN
cord-286274-1tb3uha2	35	1	(	(	-LRB-
cord-286274-1tb3uha2	35	2	Athanasoglou	Athanasoglou	NNP
cord-286274-1tb3uha2	35	3	,	,	,
cord-286274-1tb3uha2	35	4	Brissimis	Brissimis	NNP
cord-286274-1tb3uha2	35	5	,	,	,
cord-286274-1tb3uha2	35	6	&	&	CC
cord-286274-1tb3uha2	35	7	Delis	Delis	NNPS
cord-286274-1tb3uha2	35	8	,	,	,
cord-286274-1tb3uha2	35	9	2008	2008	CD
cord-286274-1tb3uha2	35	10	)	)	-RRB-
cord-286274-1tb3uha2	35	11	or	or	CC
cord-286274-1tb3uha2	35	12	stock	stock	NN
cord-286274-1tb3uha2	35	13	returns	return	NNS
cord-286274-1tb3uha2	35	14	(	(	-LRB-
cord-286274-1tb3uha2	35	15	Barro	Barro	NNP
cord-286274-1tb3uha2	35	16	,	,	,
cord-286274-1tb3uha2	35	17	1990	1990	CD
cord-286274-1tb3uha2	35	18	;	;	:
cord-286274-1tb3uha2	35	19	Beckers	Beckers	NNP
cord-286274-1tb3uha2	35	20	,	,	,
cord-286274-1tb3uha2	35	21	Grinold	Grinold	NNP
cord-286274-1tb3uha2	35	22	,	,	,
cord-286274-1tb3uha2	35	23	Rudd	Rudd	NNP
cord-286274-1tb3uha2	35	24	,	,	,
cord-286274-1tb3uha2	35	25	&	&	CC
cord-286274-1tb3uha2	35	26	Stefek	Stefek	NNP
cord-286274-1tb3uha2	35	27	,	,	,
cord-286274-1tb3uha2	35	28	1992	1992	CD
cord-286274-1tb3uha2	35	29	;	;	:
cord-286274-1tb3uha2	35	30	Chen	Chen	NNP
cord-286274-1tb3uha2	35	31	,	,	,
cord-286274-1tb3uha2	35	32	2007b	2007b	CD
cord-286274-1tb3uha2	35	33	;	;	:
cord-286274-1tb3uha2	35	34	Chen	Chen	NNP
cord-286274-1tb3uha2	35	35	,	,	,
cord-286274-1tb3uha2	35	36	Kim	Kim	NNP
cord-286274-1tb3uha2	35	37	,	,	,
cord-286274-1tb3uha2	35	38	&	&	CC
cord-286274-1tb3uha2	35	39	Kim	Kim	NNP
cord-286274-1tb3uha2	35	40	,	,	,
cord-286274-1tb3uha2	35	41	2005	2005	CD
cord-286274-1tb3uha2	35	42	;	;	:
cord-286274-1tb3uha2	35	43	Fama	Fama	NNP
cord-286274-1tb3uha2	35	44	&	&	CC
cord-286274-1tb3uha2	35	45	French	French	NNP
cord-286274-1tb3uha2	35	46	,	,	,
cord-286274-1tb3uha2	35	47	1988	1988	CD
cord-286274-1tb3uha2	35	48	)	)	-RRB-
cord-286274-1tb3uha2	35	49	.	.	.
cord-286274-1tb3uha2	36	1	Ross	Ross	NNP
cord-286274-1tb3uha2	36	2	,	,	,
cord-286274-1tb3uha2	36	3	Westerfield	Westerfield	NNP
cord-286274-1tb3uha2	36	4	,	,	,
cord-286274-1tb3uha2	36	5	and	and	CC
cord-286274-1tb3uha2	36	6	Jordan	Jordan	NNP
cord-286274-1tb3uha2	36	7	(	(	-LRB-
cord-286274-1tb3uha2	36	8	2008	2008	CD
cord-286274-1tb3uha2	36	9	)	)	-RRB-
cord-286274-1tb3uha2	36	10	stated	state	VBD
cord-286274-1tb3uha2	36	11	that	that	IN
cord-286274-1tb3uha2	36	12	return	return	NN
cord-286274-1tb3uha2	36	13	on	on	IN
cord-286274-1tb3uha2	36	14	assets	asset	NNS
cord-286274-1tb3uha2	36	15	(	(	-LRB-
cord-286274-1tb3uha2	36	16	ROA	ROA	NNP
cord-286274-1tb3uha2	36	17	)	)	-RRB-
cord-286274-1tb3uha2	36	18	and	and	CC
cord-286274-1tb3uha2	36	19	return	return	VB
cord-286274-1tb3uha2	36	20	on	on	IN
cord-286274-1tb3uha2	36	21	equity	equity	NN
cord-286274-1tb3uha2	36	22	(	(	-LRB-
cord-286274-1tb3uha2	36	23	ROE	ROE	NNP
cord-286274-1tb3uha2	36	24	)	)	-RRB-
cord-286274-1tb3uha2	36	25	indicate	indicate	VBP
cord-286274-1tb3uha2	36	26	the	the	DT
cord-286274-1tb3uha2	36	27	profitability	profitability	NN
cord-286274-1tb3uha2	36	28	of	of	IN
cord-286274-1tb3uha2	36	29	companies	company	NNS
cord-286274-1tb3uha2	36	30	,	,	,
cord-286274-1tb3uha2	36	31	which	which	WDT
cord-286274-1tb3uha2	36	32	may	may	MD
cord-286274-1tb3uha2	36	33	fail	fail	VB
cord-286274-1tb3uha2	36	34	to	to	TO
cord-286274-1tb3uha2	36	35	measure	measure	VB
cord-286274-1tb3uha2	36	36	the	the	DT
cord-286274-1tb3uha2	36	37	company	company	NN
cord-286274-1tb3uha2	36	38	's	's	POS
cord-286274-1tb3uha2	36	39	overall	overall	JJ
cord-286274-1tb3uha2	36	40	performance	performance	NN
cord-286274-1tb3uha2	36	41	.	.	.
cord-286274-1tb3uha2	37	1	Moreover	moreover	RB
cord-286274-1tb3uha2	37	2	,	,	,
cord-286274-1tb3uha2	37	3	although	although	IN
cord-286274-1tb3uha2	37	4	stock	stock	NN
cord-286274-1tb3uha2	37	5	price	price	NN
cord-286274-1tb3uha2	37	6	has	have	VBZ
cord-286274-1tb3uha2	37	7	been	be	VBN
cord-286274-1tb3uha2	37	8	widely	widely	RB
cord-286274-1tb3uha2	37	9	used	use	VBN
cord-286274-1tb3uha2	37	10	as	as	IN
cord-286274-1tb3uha2	37	11	an	an	DT
cord-286274-1tb3uha2	37	12	indicator	indicator	NN
cord-286274-1tb3uha2	37	13	for	for	IN
cord-286274-1tb3uha2	37	14	corporate	corporate	JJ
cord-286274-1tb3uha2	37	15	performance	performance	NN
cord-286274-1tb3uha2	37	16	(	(	-LRB-
cord-286274-1tb3uha2	37	17	Chen	Chen	NNP
cord-286274-1tb3uha2	37	18	,	,	,
cord-286274-1tb3uha2	37	19	2007b	2007b	CD
cord-286274-1tb3uha2	37	20	;	;	:
cord-286274-1tb3uha2	37	21	Heiman	Heiman	NNP
cord-286274-1tb3uha2	37	22	,	,	,
cord-286274-1tb3uha2	37	23	1988	1988	CD
cord-286274-1tb3uha2	37	24	)	)	-RRB-
cord-286274-1tb3uha2	37	25	,	,	,
cord-286274-1tb3uha2	37	26	it	-PRON-	PRP
cord-286274-1tb3uha2	37	27	might	may	MD
cord-286274-1tb3uha2	37	28	be	be	VB
cord-286274-1tb3uha2	37	29	easily	easily	RB
cord-286274-1tb3uha2	37	30	twisted	twist	VBN
cord-286274-1tb3uha2	37	31	by	by	IN
cord-286274-1tb3uha2	37	32	expectations	expectation	NNS
cord-286274-1tb3uha2	37	33	of	of	IN
cord-286274-1tb3uha2	37	34	irrational	irrational	JJ
cord-286274-1tb3uha2	37	35	investors	investor	NNS
cord-286274-1tb3uha2	37	36	about	about	IN
cord-286274-1tb3uha2	37	37	future	future	JJ
cord-286274-1tb3uha2	37	38	corporate	corporate	JJ
cord-286274-1tb3uha2	37	39	earnings	earning	NNS
cord-286274-1tb3uha2	37	40	.	.	.
cord-286274-1tb3uha2	38	1	That	that	RB
cord-286274-1tb3uha2	38	2	is	is	RB
cord-286274-1tb3uha2	38	3	,	,	,
cord-286274-1tb3uha2	38	4	if	if	IN
cord-286274-1tb3uha2	38	5	investors	investor	NNS
cord-286274-1tb3uha2	38	6	are	be	VBP
cord-286274-1tb3uha2	38	7	not	not	RB
cord-286274-1tb3uha2	38	8	rational	rational	JJ
cord-286274-1tb3uha2	38	9	,	,	,
cord-286274-1tb3uha2	38	10	investors	investor	NNS
cord-286274-1tb3uha2	38	11	'	'	POS
cord-286274-1tb3uha2	38	12	perceptions	perception	NNS
cord-286274-1tb3uha2	38	13	about	about	IN
cord-286274-1tb3uha2	38	14	market	market	NN
cord-286274-1tb3uha2	38	15	riskiness	riskiness	NN
cord-286274-1tb3uha2	38	16	will	will	MD
cord-286274-1tb3uha2	38	17	be	be	VB
cord-286274-1tb3uha2	38	18	biased	bias	VBN
cord-286274-1tb3uha2	38	19	and	and	CC
cord-286274-1tb3uha2	38	20	a	a	DT
cord-286274-1tb3uha2	38	21	firm	firm	NN
cord-286274-1tb3uha2	38	22	's	's	POS
cord-286274-1tb3uha2	38	23	stock	stock	NN
cord-286274-1tb3uha2	38	24	price	price	NN
cord-286274-1tb3uha2	38	25	would	would	MD
cord-286274-1tb3uha2	38	26	not	not	RB
cord-286274-1tb3uha2	38	27	reflect	reflect	VB
cord-286274-1tb3uha2	38	28	the	the	DT
cord-286274-1tb3uha2	38	29	true	true	JJ
cord-286274-1tb3uha2	38	30	financial	financial	JJ
cord-286274-1tb3uha2	38	31	performance	performance	NN
cord-286274-1tb3uha2	38	32	.	.	.
cord-286274-1tb3uha2	39	1	Specifically	specifically	RB
cord-286274-1tb3uha2	39	2	,	,	,
cord-286274-1tb3uha2	39	3	this	this	DT
cord-286274-1tb3uha2	39	4	study	study	NN
cord-286274-1tb3uha2	39	5	makes	make	VBZ
cord-286274-1tb3uha2	39	6	the	the	DT
cord-286274-1tb3uha2	39	7	following	follow	VBG
cord-286274-1tb3uha2	39	8	contributions	contribution	NNS
cord-286274-1tb3uha2	39	9	to	to	IN
cord-286274-1tb3uha2	39	10	the	the	DT
cord-286274-1tb3uha2	39	11	tourism	tourism	NN
cord-286274-1tb3uha2	39	12	literature	literature	NN
cord-286274-1tb3uha2	39	13	.	.	.
cord-286274-1tb3uha2	40	1	First	first	RB
cord-286274-1tb3uha2	40	2	,	,	,
cord-286274-1tb3uha2	40	3	various	various	JJ
cord-286274-1tb3uha2	40	4	indicators	indicator	NNS
cord-286274-1tb3uha2	40	5	of	of	IN
cord-286274-1tb3uha2	40	6	corporate	corporate	JJ
cord-286274-1tb3uha2	40	7	performance	performance	NN
cord-286274-1tb3uha2	40	8	are	be	VBP
cord-286274-1tb3uha2	40	9	used	use	VBN
cord-286274-1tb3uha2	40	10	to	to	TO
cord-286274-1tb3uha2	40	11	test	test	VB
cord-286274-1tb3uha2	40	12	the	the	DT
cord-286274-1tb3uha2	40	13	effects	effect	NNS
cord-286274-1tb3uha2	40	14	of	of	IN
cord-286274-1tb3uha2	40	15	economic	economic	JJ
cord-286274-1tb3uha2	40	16	condition	condition	NN
cord-286274-1tb3uha2	40	17	and	and	CC
cord-286274-1tb3uha2	40	18	tourism	tourism	NN
cord-286274-1tb3uha2	40	19	growth	growth	NN
cord-286274-1tb3uha2	40	20	on	on	IN
cord-286274-1tb3uha2	40	21	corporate	corporate	JJ
cord-286274-1tb3uha2	40	22	performance	performance	NN
cord-286274-1tb3uha2	40	23	in	in	IN
cord-286274-1tb3uha2	40	24	the	the	DT
cord-286274-1tb3uha2	40	25	tourist	tourist	NN
cord-286274-1tb3uha2	40	26	hotel	hotel	NN
cord-286274-1tb3uha2	40	27	industry	industry	NN
cord-286274-1tb3uha2	40	28	.	.	.
cord-286274-1tb3uha2	41	1	The	the	DT
cord-286274-1tb3uha2	41	2	indicators	indicator	NNS
cord-286274-1tb3uha2	41	3	of	of	IN
cord-286274-1tb3uha2	41	4	corporate	corporate	JJ
cord-286274-1tb3uha2	41	5	performance	performance	NN
cord-286274-1tb3uha2	41	6	under	under	IN
cord-286274-1tb3uha2	41	7	consideration	consideration	NN
cord-286274-1tb3uha2	41	8	are	be	VBP
cord-286274-1tb3uha2	41	9	occupancy	occupancy	NN
cord-286274-1tb3uha2	41	10	rate	rate	NN
cord-286274-1tb3uha2	41	11	,	,	,
cord-286274-1tb3uha2	41	12	ROA	ROA	NNP
cord-286274-1tb3uha2	41	13	,	,	,
cord-286274-1tb3uha2	41	14	ROE	ROE	NNP
cord-286274-1tb3uha2	41	15	,	,	,
cord-286274-1tb3uha2	41	16	stock	stock	NN
cord-286274-1tb3uha2	41	17	return	return	NN
cord-286274-1tb3uha2	41	18	,	,	,
cord-286274-1tb3uha2	41	19	and	and	CC
cord-286274-1tb3uha2	41	20	a	a	DT
cord-286274-1tb3uha2	41	21	comprehensive	comprehensive	JJ
cord-286274-1tb3uha2	41	22	score	score	NN
cord-286274-1tb3uha2	41	23	.	.	.
cord-286274-1tb3uha2	42	1	The	the	DT
cord-286274-1tb3uha2	42	2	occupancy	occupancy	NN
cord-286274-1tb3uha2	42	3	rate	rate	NN
cord-286274-1tb3uha2	42	4	is	be	VBZ
cord-286274-1tb3uha2	42	5	a	a	DT
cord-286274-1tb3uha2	42	6	common	common	JJ
cord-286274-1tb3uha2	42	7	performance	performance	NN
cord-286274-1tb3uha2	42	8	measure	measure	NN
cord-286274-1tb3uha2	42	9	of	of	IN
cord-286274-1tb3uha2	42	10	sales	sale	NNS
cord-286274-1tb3uha2	42	11	revenue	revenue	NN
cord-286274-1tb3uha2	42	12	in	in	IN
cord-286274-1tb3uha2	42	13	the	the	DT
cord-286274-1tb3uha2	42	14	hotel	hotel	NN
cord-286274-1tb3uha2	42	15	industry	industry	NN
cord-286274-1tb3uha2	42	16	.	.	.
cord-286274-1tb3uha2	43	1	As	as	IN
cord-286274-1tb3uha2	43	2	mentioned	mention	VBN
cord-286274-1tb3uha2	43	3	,	,	,
cord-286274-1tb3uha2	43	4	ROA	ROA	NNP
cord-286274-1tb3uha2	43	5	and	and	CC
cord-286274-1tb3uha2	43	6	ROE	ROE	NNP
cord-286274-1tb3uha2	43	7	measure	measure	VB
cord-286274-1tb3uha2	43	8	profitability	profitability	NN
cord-286274-1tb3uha2	43	9	of	of	IN
cord-286274-1tb3uha2	43	10	hotel	hotel	NN
cord-286274-1tb3uha2	43	11	companies	company	NNS
cord-286274-1tb3uha2	43	12	,	,	,
cord-286274-1tb3uha2	43	13	whereas	whereas	IN
cord-286274-1tb3uha2	43	14	stock	stock	NN
cord-286274-1tb3uha2	43	15	price	price	NN
cord-286274-1tb3uha2	43	16	can	can	MD
cord-286274-1tb3uha2	43	17	evaluate	evaluate	VB
cord-286274-1tb3uha2	43	18	hotel	hotel	NN
cord-286274-1tb3uha2	43	19	stock	stock	NN
cord-286274-1tb3uha2	43	20	performance	performance	NN
cord-286274-1tb3uha2	43	21	.	.	.
cord-286274-1tb3uha2	44	1	In	in	IN
cord-286274-1tb3uha2	44	2	addition	addition	NN
cord-286274-1tb3uha2	44	3	,	,	,
cord-286274-1tb3uha2	44	4	we	-PRON-	PRP
cord-286274-1tb3uha2	44	5	follow	follow	VBP
cord-286274-1tb3uha2	44	6	Boubakri	Boubakri	NNP
cord-286274-1tb3uha2	44	7	,	,	,
cord-286274-1tb3uha2	44	8	Cosset	Cosset	NNP
cord-286274-1tb3uha2	44	9	,	,	,
cord-286274-1tb3uha2	44	10	Fischer	Fischer	NNP
cord-286274-1tb3uha2	44	11	,	,	,
cord-286274-1tb3uha2	44	12	and	and	CC
cord-286274-1tb3uha2	44	13	Guedhami	Guedhami	NNP
cord-286274-1tb3uha2	44	14	(	(	-LRB-
cord-286274-1tb3uha2	44	15	2005	2005	CD
cord-286274-1tb3uha2	44	16	)	)	-RRB-
cord-286274-1tb3uha2	44	17	,	,	,
cord-286274-1tb3uha2	44	18	Kesner	Kesner	NNP
cord-286274-1tb3uha2	44	19	(	(	-LRB-
cord-286274-1tb3uha2	44	20	1987	1987	CD
cord-286274-1tb3uha2	44	21	)	)	-RRB-
cord-286274-1tb3uha2	44	22	,	,	,
cord-286274-1tb3uha2	44	23	Liu	Liu	NNP
cord-286274-1tb3uha2	44	24	and	and	CC
cord-286274-1tb3uha2	44	25	Hung	Hung	NNP
cord-286274-1tb3uha2	44	26	(	(	-LRB-
cord-286274-1tb3uha2	44	27	2006	2006	CD
cord-286274-1tb3uha2	44	28	)	)	-RRB-
cord-286274-1tb3uha2	44	29	and	and	CC
cord-286274-1tb3uha2	44	30	Otchere	Otchere	NNP
cord-286274-1tb3uha2	44	31	and	and	CC
cord-286274-1tb3uha2	44	32	Chan	Chan	NNP
cord-286274-1tb3uha2	44	33	(	(	-LRB-
cord-286274-1tb3uha2	44	34	2003	2003	CD
cord-286274-1tb3uha2	44	35	)	)	-RRB-
cord-286274-1tb3uha2	44	36	to	to	TO
cord-286274-1tb3uha2	44	37	use	use	VB
cord-286274-1tb3uha2	44	38	several	several	JJ
cord-286274-1tb3uha2	44	39	accounting	accounting	NN
cord-286274-1tb3uha2	44	40	/	/	SYM
cord-286274-1tb3uha2	44	41	financial	financial	JJ
cord-286274-1tb3uha2	44	42	ratios	ratio	NNS
cord-286274-1tb3uha2	44	43	to	to	TO
cord-286274-1tb3uha2	44	44	calculate	calculate	VB
cord-286274-1tb3uha2	44	45	a	a	DT
cord-286274-1tb3uha2	44	46	comprehensive	comprehensive	JJ
cord-286274-1tb3uha2	44	47	measure	measure	NN
cord-286274-1tb3uha2	44	48	,	,	,
cord-286274-1tb3uha2	44	49	or	or	CC
cord-286274-1tb3uha2	44	50	score	score	NN
cord-286274-1tb3uha2	44	51	,	,	,
cord-286274-1tb3uha2	44	52	of	of	IN
cord-286274-1tb3uha2	44	53	corporate	corporate	JJ
cord-286274-1tb3uha2	44	54	performance	performance	NN
cord-286274-1tb3uha2	44	55	that	that	WDT
cord-286274-1tb3uha2	44	56	can	can	MD
cord-286274-1tb3uha2	44	57	represent	represent	VB
cord-286274-1tb3uha2	44	58	the	the	DT
cord-286274-1tb3uha2	44	59	overall	overall	JJ
cord-286274-1tb3uha2	44	60	financial	financial	JJ
cord-286274-1tb3uha2	44	61	performance	performance	NN
cord-286274-1tb3uha2	44	62	of	of	IN
cord-286274-1tb3uha2	44	63	hotel	hotel	NN
cord-286274-1tb3uha2	44	64	companies	company	NNS
cord-286274-1tb3uha2	44	65	.	.	.
cord-286274-1tb3uha2	45	1	Six	six	CD
cord-286274-1tb3uha2	45	2	accounting	accounting	NN
cord-286274-1tb3uha2	45	3	ratios	ratio	NNS
cord-286274-1tb3uha2	45	4	,	,	,
cord-286274-1tb3uha2	45	5	including	include	VBG
cord-286274-1tb3uha2	45	6	debt	debt	NN
cord-286274-1tb3uha2	45	7	-	-	HYPH
cord-286274-1tb3uha2	45	8	equity	equity	NN
cord-286274-1tb3uha2	45	9	ratio	ratio	NN
cord-286274-1tb3uha2	45	10	,	,	,
cord-286274-1tb3uha2	45	11	total	total	JJ
cord-286274-1tb3uha2	45	12	asset	asset	NN
cord-286274-1tb3uha2	45	13	turnover	turnover	NN
cord-286274-1tb3uha2	45	14	,	,	,
cord-286274-1tb3uha2	45	15	current	current	JJ
cord-286274-1tb3uha2	45	16	ratio	ratio	NN
cord-286274-1tb3uha2	45	17	,	,	,
cord-286274-1tb3uha2	45	18	quick	quick	JJ
cord-286274-1tb3uha2	45	19	ratio	ratio	NN
cord-286274-1tb3uha2	45	20	,	,	,
cord-286274-1tb3uha2	45	21	ROA	ROA	NNP
cord-286274-1tb3uha2	45	22	,	,	,
cord-286274-1tb3uha2	45	23	and	and	CC
cord-286274-1tb3uha2	45	24	ROE	ROE	NNP
cord-286274-1tb3uha2	45	25	,	,	,
cord-286274-1tb3uha2	45	26	are	be	VBP
cord-286274-1tb3uha2	45	27	used	use	VBN
cord-286274-1tb3uha2	45	28	to	to	TO
cord-286274-1tb3uha2	45	29	calculate	calculate	VB
cord-286274-1tb3uha2	45	30	a	a	DT
cord-286274-1tb3uha2	45	31	comprehensive	comprehensive	JJ
cord-286274-1tb3uha2	45	32	score	score	NN
cord-286274-1tb3uha2	45	33	based	base	VBN
cord-286274-1tb3uha2	45	34	on	on	IN
cord-286274-1tb3uha2	45	35	factor	factor	NN
cord-286274-1tb3uha2	45	36	analysis	analysis	NN
cord-286274-1tb3uha2	45	37	.	.	.
cord-286274-1tb3uha2	46	1	The	the	DT
cord-286274-1tb3uha2	46	2	comprehensive	comprehensive	JJ
cord-286274-1tb3uha2	46	3	score	score	NN
cord-286274-1tb3uha2	46	4	thus	thus	RB
cord-286274-1tb3uha2	46	5	combines	combine	VBZ
cord-286274-1tb3uha2	46	6	measures	measure	NNS
cord-286274-1tb3uha2	46	7	of	of	IN
cord-286274-1tb3uha2	46	8	asset	asset	NN
cord-286274-1tb3uha2	46	9	management	management	NN
cord-286274-1tb3uha2	46	10	(	(	-LRB-
cord-286274-1tb3uha2	46	11	total	total	JJ
cord-286274-1tb3uha2	46	12	asset	asset	NN
cord-286274-1tb3uha2	46	13	turnover	turnover	NN
cord-286274-1tb3uha2	46	14	)	)	-RRB-
cord-286274-1tb3uha2	46	15	,	,	,
cord-286274-1tb3uha2	46	16	profitability	profitability	NN
cord-286274-1tb3uha2	46	17	(	(	-LRB-
cord-286274-1tb3uha2	46	18	ROA	ROA	NNP
cord-286274-1tb3uha2	46	19	and	and	CC
cord-286274-1tb3uha2	46	20	ROE	ROE	NNP
cord-286274-1tb3uha2	46	21	)	)	-RRB-
cord-286274-1tb3uha2	46	22	,	,	,
cord-286274-1tb3uha2	46	23	short	short	JJ
cord-286274-1tb3uha2	46	24	-	-	HYPH
cord-286274-1tb3uha2	46	25	term	term	NN
cord-286274-1tb3uha2	46	26	solvency	solvency	NN
cord-286274-1tb3uha2	46	27	or	or	CC
cord-286274-1tb3uha2	46	28	liquidity	liquidity	NN
cord-286274-1tb3uha2	46	29	(	(	-LRB-
cord-286274-1tb3uha2	46	30	current	current	JJ
cord-286274-1tb3uha2	46	31	ratio	ratio	NN
cord-286274-1tb3uha2	46	32	and	and	CC
cord-286274-1tb3uha2	46	33	quick	quick	JJ
cord-286274-1tb3uha2	46	34	ratio	ratio	NN
cord-286274-1tb3uha2	46	35	)	)	-RRB-
cord-286274-1tb3uha2	46	36	and	and	CC
cord-286274-1tb3uha2	46	37	long	long	JJ
cord-286274-1tb3uha2	46	38	-	-	HYPH
cord-286274-1tb3uha2	46	39	term	term	NN
cord-286274-1tb3uha2	46	40	solvency	solvency	NN
cord-286274-1tb3uha2	46	41	(	(	-LRB-
cord-286274-1tb3uha2	46	42	debt	debt	NN
cord-286274-1tb3uha2	46	43	-	-	HYPH
cord-286274-1tb3uha2	46	44	equity	equity	NN
cord-286274-1tb3uha2	46	45	ratio	ratio	NN
cord-286274-1tb3uha2	46	46	)	)	-RRB-
cord-286274-1tb3uha2	46	47	.	.	.
cord-286274-1tb3uha2	47	1	In	in	IN
cord-286274-1tb3uha2	47	2	consequence	consequence	NN
cord-286274-1tb3uha2	47	3	,	,	,
cord-286274-1tb3uha2	47	4	this	this	DT
cord-286274-1tb3uha2	47	5	study	study	NN
cord-286274-1tb3uha2	47	6	enables	enable	VBZ
cord-286274-1tb3uha2	47	7	us	-PRON-	PRP
cord-286274-1tb3uha2	47	8	to	to	TO
cord-286274-1tb3uha2	47	9	evaluate	evaluate	VB
cord-286274-1tb3uha2	47	10	the	the	DT
cord-286274-1tb3uha2	47	11	impact	impact	NN
cord-286274-1tb3uha2	47	12	of	of	IN
cord-286274-1tb3uha2	47	13	economic	economic	JJ
cord-286274-1tb3uha2	47	14	condition	condition	NN
cord-286274-1tb3uha2	47	15	and	and	CC
cord-286274-1tb3uha2	47	16	tourism	tourism	NN
cord-286274-1tb3uha2	47	17	expansion	expansion	NN
cord-286274-1tb3uha2	47	18	on	on	IN
cord-286274-1tb3uha2	47	19	the	the	DT
cord-286274-1tb3uha2	47	20	corporate	corporate	JJ
cord-286274-1tb3uha2	47	21	performance	performance	NN
cord-286274-1tb3uha2	47	22	of	of	IN
cord-286274-1tb3uha2	47	23	tourist	tourist	NN
cord-286274-1tb3uha2	47	24	hotels	hotel	NNS
cord-286274-1tb3uha2	47	25	in	in	IN
cord-286274-1tb3uha2	47	26	terms	term	NNS
cord-286274-1tb3uha2	47	27	of	of	IN
cord-286274-1tb3uha2	47	28	not	not	RB
cord-286274-1tb3uha2	47	29	only	only	RB
cord-286274-1tb3uha2	47	30	their	-PRON-	PRP$
cord-286274-1tb3uha2	47	31	sales	sale	NNS
cord-286274-1tb3uha2	47	32	revenue	revenue	NN
cord-286274-1tb3uha2	47	33	,	,	,
cord-286274-1tb3uha2	47	34	profitability	profitability	NN
cord-286274-1tb3uha2	47	35	and	and	CC
cord-286274-1tb3uha2	47	36	stock	stock	NN
cord-286274-1tb3uha2	47	37	performance	performance	NN
cord-286274-1tb3uha2	47	38	but	but	CC
cord-286274-1tb3uha2	47	39	also	also	RB
cord-286274-1tb3uha2	47	40	the	the	DT
cord-286274-1tb3uha2	47	41	overall	overall	JJ
cord-286274-1tb3uha2	47	42	financial	financial	JJ
cord-286274-1tb3uha2	47	43	performance	performance	NN
cord-286274-1tb3uha2	47	44	.	.	.
cord-286274-1tb3uha2	48	1	Empirical	empirical	JJ
cord-286274-1tb3uha2	48	2	findings	finding	NNS
cord-286274-1tb3uha2	48	3	can	can	MD
cord-286274-1tb3uha2	48	4	provide	provide	VB
cord-286274-1tb3uha2	48	5	tourism	tourism	NN
cord-286274-1tb3uha2	48	6	policymakers	policymaker	NNS
cord-286274-1tb3uha2	48	7	and	and	CC
cord-286274-1tb3uha2	48	8	hotel	hotel	NN
cord-286274-1tb3uha2	48	9	business	business	NN
cord-286274-1tb3uha2	48	10	managers	manager	NNS
cord-286274-1tb3uha2	48	11	with	with	IN
cord-286274-1tb3uha2	48	12	some	some	DT
cord-286274-1tb3uha2	48	13	practical	practical	JJ
cord-286274-1tb3uha2	48	14	managerial	managerial	JJ
cord-286274-1tb3uha2	48	15	implications	implication	NNS
cord-286274-1tb3uha2	48	16	.	.	.
cord-286274-1tb3uha2	49	1	Second	second	RB
cord-286274-1tb3uha2	49	2	,	,	,
cord-286274-1tb3uha2	49	3	this	this	DT
cord-286274-1tb3uha2	49	4	paper	paper	NN
cord-286274-1tb3uha2	49	5	considers	consider	VBZ
cord-286274-1tb3uha2	49	6	the	the	DT
cord-286274-1tb3uha2	49	7	possible	possible	JJ
cord-286274-1tb3uha2	49	8	impact	impact	NN
cord-286274-1tb3uha2	49	9	of	of	IN
cord-286274-1tb3uha2	49	10	some	some	DT
cord-286274-1tb3uha2	49	11	unexpected	unexpected	JJ
cord-286274-1tb3uha2	49	12	crises	crisis	NNS
cord-286274-1tb3uha2	49	13	related	relate	VBN
cord-286274-1tb3uha2	49	14	to	to	IN
cord-286274-1tb3uha2	49	15	the	the	DT
cord-286274-1tb3uha2	49	16	hotel	hotel	NN
cord-286274-1tb3uha2	49	17	and	and	CC
cord-286274-1tb3uha2	49	18	tourism	tourism	NN
cord-286274-1tb3uha2	49	19	industry	industry	NN
cord-286274-1tb3uha2	49	20	into	into	IN
cord-286274-1tb3uha2	49	21	consideration	consideration	NN
cord-286274-1tb3uha2	49	22	.	.	.
cord-286274-1tb3uha2	50	1	Some	some	DT
cord-286274-1tb3uha2	50	2	empirical	empirical	JJ
cord-286274-1tb3uha2	50	3	studies	study	NNS
cord-286274-1tb3uha2	50	4	reported	report	VBD
cord-286274-1tb3uha2	50	5	that	that	IN
cord-286274-1tb3uha2	50	6	events	event	NNS
cord-286274-1tb3uha2	50	7	such	such	JJ
cord-286274-1tb3uha2	50	8	as	as	IN
cord-286274-1tb3uha2	50	9	the	the	DT
cord-286274-1tb3uha2	50	10	earthquake	earthquake	NN
cord-286274-1tb3uha2	50	11	on	on	IN
cord-286274-1tb3uha2	50	12	21	21	CD
cord-286274-1tb3uha2	50	13	September	September	NNP
cord-286274-1tb3uha2	50	14	1999	1999	CD
cord-286274-1tb3uha2	50	15	,	,	,
cord-286274-1tb3uha2	50	16	the	the	DT
cord-286274-1tb3uha2	50	17	terrorist	terrorist	JJ
cord-286274-1tb3uha2	50	18	attacks	attack	NNS
cord-286274-1tb3uha2	50	19	of	of	IN
cord-286274-1tb3uha2	50	20	11	11	CD
cord-286274-1tb3uha2	50	21	September	September	NNP
cord-286274-1tb3uha2	50	22	2001	2001	CD
cord-286274-1tb3uha2	50	23	in	in	IN
cord-286274-1tb3uha2	50	24	the	the	DT
cord-286274-1tb3uha2	50	25	US	US	NNP
cord-286274-1tb3uha2	50	26	,	,	,
cord-286274-1tb3uha2	50	27	and	and	CC
cord-286274-1tb3uha2	50	28	the	the	DT
cord-286274-1tb3uha2	50	29	outbreak	outbreak	NN
cord-286274-1tb3uha2	50	30	of	of	IN
cord-286274-1tb3uha2	50	31	Severe	severe	JJ
cord-286274-1tb3uha2	50	32	Acute	acute	JJ
cord-286274-1tb3uha2	50	33	Respiratory	Respiratory	NNP
cord-286274-1tb3uha2	50	34	Syndrome	Syndrome	NNP
cord-286274-1tb3uha2	50	35	(	(	-LRB-
cord-286274-1tb3uha2	50	36	SARS	SARS	NNP
cord-286274-1tb3uha2	50	37	)	)	-RRB-
cord-286274-1tb3uha2	50	38	in	in	IN
cord-286274-1tb3uha2	50	39	March	March	NNP
cord-286274-1tb3uha2	50	40	2003	2003	CD
cord-286274-1tb3uha2	50	41	,	,	,
cord-286274-1tb3uha2	50	42	significantly	significantly	RB
cord-286274-1tb3uha2	50	43	damaged	damage	VBN
cord-286274-1tb3uha2	50	44	financial	financial	JJ
cord-286274-1tb3uha2	50	45	performance	performance	NN
cord-286274-1tb3uha2	50	46	of	of	IN
cord-286274-1tb3uha2	50	47	hotel	hotel	NN
cord-286274-1tb3uha2	50	48	companies	company	NNS
cord-286274-1tb3uha2	50	49	in	in	IN
cord-286274-1tb3uha2	50	50	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	50	51	(	(	-LRB-
cord-286274-1tb3uha2	50	52	Chen	Chen	NNP
cord-286274-1tb3uha2	50	53	,	,	,
cord-286274-1tb3uha2	50	54	Jang	Jang	NNP
cord-286274-1tb3uha2	50	55	,	,	,
cord-286274-1tb3uha2	50	56	&	&	CC
cord-286274-1tb3uha2	50	57	Kim	Kim	NNP
cord-286274-1tb3uha2	50	58	,	,	,
cord-286274-1tb3uha2	50	59	2007	2007	CD
cord-286274-1tb3uha2	50	60	;	;	:
cord-286274-1tb3uha2	50	61	Chen	Chen	NNP
cord-286274-1tb3uha2	50	62	&	&	CC
cord-286274-1tb3uha2	50	63	Kim	Kim	NNP
cord-286274-1tb3uha2	50	64	,	,	,
cord-286274-1tb3uha2	50	65	in	in	IN
cord-286274-1tb3uha2	50	66	press	press	NN
cord-286274-1tb3uha2	50	67	;	;	:
cord-286274-1tb3uha2	50	68	Chen	Chen	NNP
cord-286274-1tb3uha2	50	69	et	et	NNP
cord-286274-1tb3uha2	50	70	al	al	NNP
cord-286274-1tb3uha2	50	71	.	.	NNP
cord-286274-1tb3uha2	50	72	,	,	,
cord-286274-1tb3uha2	50	73	2005	2005	CD
cord-286274-1tb3uha2	50	74	)	)	-RRB-
cord-286274-1tb3uha2	50	75	.	.	.
cord-286274-1tb3uha2	51	1	The	the	DT
cord-286274-1tb3uha2	51	2	dummy	dummy	JJ
cord-286274-1tb3uha2	51	3	variables	variable	NNS
cord-286274-1tb3uha2	51	4	of	of	IN
cord-286274-1tb3uha2	51	5	crisis	crisis	NN
cord-286274-1tb3uha2	51	6	events	event	NNS
cord-286274-1tb3uha2	51	7	are	be	VBP
cord-286274-1tb3uha2	51	8	incorporated	incorporate	VBN
cord-286274-1tb3uha2	51	9	into	into	IN
cord-286274-1tb3uha2	51	10	test	test	NN
cord-286274-1tb3uha2	51	11	regressions	regression	NNS
cord-286274-1tb3uha2	51	12	to	to	TO
cord-286274-1tb3uha2	51	13	control	control	VB
cord-286274-1tb3uha2	51	14	for	for	IN
cord-286274-1tb3uha2	51	15	their	-PRON-	PRP$
cord-286274-1tb3uha2	51	16	potential	potential	JJ
cord-286274-1tb3uha2	51	17	effects	effect	NNS
cord-286274-1tb3uha2	51	18	on	on	IN
cord-286274-1tb3uha2	51	19	interactions	interaction	NNS
cord-286274-1tb3uha2	51	20	between	between	IN
cord-286274-1tb3uha2	51	21	the	the	DT
cord-286274-1tb3uha2	51	22	corporate	corporate	JJ
cord-286274-1tb3uha2	51	23	performance	performance	NN
cord-286274-1tb3uha2	51	24	of	of	IN
cord-286274-1tb3uha2	51	25	hotel	hotel	NN
cord-286274-1tb3uha2	51	26	firms	firm	NNS
cord-286274-1tb3uha2	51	27	and	and	CC
cord-286274-1tb3uha2	51	28	the	the	DT
cord-286274-1tb3uha2	51	29	two	two	CD
cord-286274-1tb3uha2	51	30	factors	factor	NNS
cord-286274-1tb3uha2	51	31	(	(	-LRB-
cord-286274-1tb3uha2	51	32	economy	economy	NN
cord-286274-1tb3uha2	51	33	and	and	CC
cord-286274-1tb3uha2	51	34	tourism	tourism	NN
cord-286274-1tb3uha2	51	35	growth	growth	NN
cord-286274-1tb3uha2	51	36	)	)	-RRB-
cord-286274-1tb3uha2	51	37	.	.	.
cord-286274-1tb3uha2	52	1	Lastly	lastly	RB
cord-286274-1tb3uha2	52	2	,	,	,
cord-286274-1tb3uha2	52	3	this	this	DT
cord-286274-1tb3uha2	52	4	study	study	NN
cord-286274-1tb3uha2	52	5	can	can	MD
cord-286274-1tb3uha2	52	6	offer	offer	VB
cord-286274-1tb3uha2	52	7	a	a	DT
cord-286274-1tb3uha2	52	8	comparative	comparative	JJ
cord-286274-1tb3uha2	52	9	examination	examination	NN
cord-286274-1tb3uha2	52	10	on	on	IN
cord-286274-1tb3uha2	52	11	whether	whether	IN
cord-286274-1tb3uha2	52	12	the	the	DT
cord-286274-1tb3uha2	52	13	economic	economic	JJ
cord-286274-1tb3uha2	52	14	factor	factor	NN
cord-286274-1tb3uha2	52	15	or	or	CC
cord-286274-1tb3uha2	52	16	the	the	DT
cord-286274-1tb3uha2	52	17	industry	industry	NN
cord-286274-1tb3uha2	52	18	factor	factor	NN
cord-286274-1tb3uha2	52	19	exerts	exert	VBZ
cord-286274-1tb3uha2	52	20	a	a	DT
cord-286274-1tb3uha2	52	21	greater	great	JJR
cord-286274-1tb3uha2	52	22	impact	impact	NN
cord-286274-1tb3uha2	52	23	on	on	IN
cord-286274-1tb3uha2	52	24	different	different	JJ
cord-286274-1tb3uha2	52	25	dimensions	dimension	NNS
cord-286274-1tb3uha2	52	26	of	of	IN
cord-286274-1tb3uha2	52	27	corporate	corporate	JJ
cord-286274-1tb3uha2	52	28	performance	performance	NN
cord-286274-1tb3uha2	52	29	in	in	IN
cord-286274-1tb3uha2	52	30	the	the	DT
cord-286274-1tb3uha2	52	31	tourist	tourist	NN
cord-286274-1tb3uha2	52	32	hotel	hotel	NN
cord-286274-1tb3uha2	52	33	industry	industry	NN
cord-286274-1tb3uha2	52	34	.	.	.
cord-286274-1tb3uha2	53	1	Changes	change	NNS
cord-286274-1tb3uha2	53	2	in	in	IN
cord-286274-1tb3uha2	53	3	the	the	DT
cord-286274-1tb3uha2	53	4	economy	economy	NN
cord-286274-1tb3uha2	53	5	can	can	MD
cord-286274-1tb3uha2	53	6	be	be	VB
cord-286274-1tb3uha2	53	7	viewed	view	VBN
cord-286274-1tb3uha2	53	8	as	as	IN
cord-286274-1tb3uha2	53	9	the	the	DT
cord-286274-1tb3uha2	53	10	economic	economic	JJ
cord-286274-1tb3uha2	53	11	factor	factor	NN
cord-286274-1tb3uha2	53	12	,	,	,
cord-286274-1tb3uha2	53	13	whereas	whereas	IN
cord-286274-1tb3uha2	53	14	the	the	DT
cord-286274-1tb3uha2	53	15	expansion	expansion	NN
cord-286274-1tb3uha2	53	16	of	of	IN
cord-286274-1tb3uha2	53	17	the	the	DT
cord-286274-1tb3uha2	53	18	market	market	NN
cord-286274-1tb3uha2	53	19	for	for	IN
cord-286274-1tb3uha2	53	20	foreign	foreign	JJ
cord-286274-1tb3uha2	53	21	tourism	tourism	NN
cord-286274-1tb3uha2	53	22	,	,	,
cord-286274-1tb3uha2	53	23	proxied	proxie	VBN
cord-286274-1tb3uha2	53	24	by	by	IN
cord-286274-1tb3uha2	53	25	the	the	DT
cord-286274-1tb3uha2	53	26	growth	growth	NN
cord-286274-1tb3uha2	53	27	of	of	IN
cord-286274-1tb3uha2	53	28	foreign	foreign	JJ
cord-286274-1tb3uha2	53	29	tourist	tourist	NN
cord-286274-1tb3uha2	53	30	arrivals	arrival	NNS
cord-286274-1tb3uha2	53	31	,	,	,
cord-286274-1tb3uha2	53	32	can	can	MD
cord-286274-1tb3uha2	53	33	be	be	VB
cord-286274-1tb3uha2	53	34	used	use	VBN
cord-286274-1tb3uha2	53	35	as	as	IN
cord-286274-1tb3uha2	53	36	the	the	DT
cord-286274-1tb3uha2	53	37	industry	industry	NN
cord-286274-1tb3uha2	53	38	-	-	HYPH
cord-286274-1tb3uha2	53	39	specific	specific	JJ
cord-286274-1tb3uha2	53	40	factor	factor	NN
cord-286274-1tb3uha2	53	41	.	.	.
cord-286274-1tb3uha2	54	1	As	as	IN
cord-286274-1tb3uha2	54	2	Bodie	Bodie	NNP
cord-286274-1tb3uha2	54	3	et	et	NNP
cord-286274-1tb3uha2	54	4	al	al	NNP
cord-286274-1tb3uha2	54	5	.	.	.
cord-286274-1tb3uha2	55	1	(	(	-LRB-
cord-286274-1tb3uha2	55	2	2008	2008	CD
cord-286274-1tb3uha2	55	3	)	)	-RRB-
cord-286274-1tb3uha2	55	4	have	have	VBP
cord-286274-1tb3uha2	55	5	argued	argue	VBN
cord-286274-1tb3uha2	55	6	,	,	,
cord-286274-1tb3uha2	55	7	compared	compare	VBN
cord-286274-1tb3uha2	55	8	to	to	IN
cord-286274-1tb3uha2	55	9	the	the	DT
cord-286274-1tb3uha2	55	10	industry	industry	NN
cord-286274-1tb3uha2	55	11	factor	factor	NN
cord-286274-1tb3uha2	55	12	,	,	,
cord-286274-1tb3uha2	55	13	the	the	DT
cord-286274-1tb3uha2	55	14	state	state	NN
cord-286274-1tb3uha2	55	15	of	of	IN
cord-286274-1tb3uha2	55	16	the	the	DT
cord-286274-1tb3uha2	55	17	economy	economy	NN
cord-286274-1tb3uha2	55	18	might	may	MD
cord-286274-1tb3uha2	55	19	have	have	VB
cord-286274-1tb3uha2	55	20	a	a	DT
cord-286274-1tb3uha2	55	21	greater	great	JJR
cord-286274-1tb3uha2	55	22	influence	influence	NN
cord-286274-1tb3uha2	55	23	on	on	IN
cord-286274-1tb3uha2	55	24	a	a	DT
cord-286274-1tb3uha2	55	25	firm	firm	NN
cord-286274-1tb3uha2	55	26	's	's	POS
cord-286274-1tb3uha2	55	27	performance	performance	NN
cord-286274-1tb3uha2	55	28	.	.	.
cord-286274-1tb3uha2	56	1	It	-PRON-	PRP
cord-286274-1tb3uha2	56	2	would	would	MD
cord-286274-1tb3uha2	56	3	be	be	VB
cord-286274-1tb3uha2	56	4	interesting	interesting	JJ
cord-286274-1tb3uha2	56	5	to	to	TO
cord-286274-1tb3uha2	56	6	see	see	VB
cord-286274-1tb3uha2	56	7	if	if	IN
cord-286274-1tb3uha2	56	8	the	the	DT
cord-286274-1tb3uha2	56	9	effect	effect	NN
cord-286274-1tb3uha2	56	10	of	of	IN
cord-286274-1tb3uha2	56	11	the	the	DT
cord-286274-1tb3uha2	56	12	economic	economic	JJ
cord-286274-1tb3uha2	56	13	factor	factor	NN
cord-286274-1tb3uha2	56	14	on	on	IN
cord-286274-1tb3uha2	56	15	corporate	corporate	JJ
cord-286274-1tb3uha2	56	16	performance	performance	NN
cord-286274-1tb3uha2	56	17	of	of	IN
cord-286274-1tb3uha2	56	18	hotel	hotel	NN
cord-286274-1tb3uha2	56	19	firms	firm	NNS
cord-286274-1tb3uha2	56	20	is	be	VBZ
cord-286274-1tb3uha2	56	21	as	as	RB
cord-286274-1tb3uha2	56	22	strong	strong	JJ
cord-286274-1tb3uha2	56	23	as	as	IN
cord-286274-1tb3uha2	56	24	that	that	DT
cord-286274-1tb3uha2	56	25	of	of	IN
cord-286274-1tb3uha2	56	26	industry	industry	NN
cord-286274-1tb3uha2	56	27	factor	factor	NN
cord-286274-1tb3uha2	56	28	.	.	.
cord-286274-1tb3uha2	57	1	The	the	DT
cord-286274-1tb3uha2	57	2	remainder	remainder	NN
cord-286274-1tb3uha2	57	3	of	of	IN
cord-286274-1tb3uha2	57	4	the	the	DT
cord-286274-1tb3uha2	57	5	paper	paper	NN
cord-286274-1tb3uha2	57	6	is	be	VBZ
cord-286274-1tb3uha2	57	7	organized	organize	VBN
cord-286274-1tb3uha2	57	8	as	as	IN
cord-286274-1tb3uha2	57	9	follows	follow	NNS
cord-286274-1tb3uha2	57	10	.	.	.
cord-286274-1tb3uha2	58	1	Section	section	NN
cord-286274-1tb3uha2	58	2	2	2	CD
cord-286274-1tb3uha2	58	3	reviews	review	VBZ
cord-286274-1tb3uha2	58	4	the	the	DT
cord-286274-1tb3uha2	58	5	empirical	empirical	JJ
cord-286274-1tb3uha2	58	6	research	research	NN
cord-286274-1tb3uha2	58	7	efforts	effort	NNS
cord-286274-1tb3uha2	58	8	in	in	IN
cord-286274-1tb3uha2	58	9	the	the	DT
cord-286274-1tb3uha2	58	10	literature	literature	NN
cord-286274-1tb3uha2	58	11	.	.	.
cord-286274-1tb3uha2	59	1	Section	section	NN
cord-286274-1tb3uha2	59	2	3	3	CD
cord-286274-1tb3uha2	59	3	describes	describe	VBZ
cord-286274-1tb3uha2	59	4	the	the	DT
cord-286274-1tb3uha2	59	5	data	datum	NNS
cord-286274-1tb3uha2	59	6	and	and	CC
cord-286274-1tb3uha2	59	7	variables	variable	NNS
cord-286274-1tb3uha2	59	8	.	.	.
cord-286274-1tb3uha2	60	1	Section	section	NN
cord-286274-1tb3uha2	60	2	4	4	CD
cord-286274-1tb3uha2	60	3	presents	present	VBZ
cord-286274-1tb3uha2	60	4	the	the	DT
cord-286274-1tb3uha2	60	5	panel	panel	NN
cord-286274-1tb3uha2	60	6	regression	regression	NN
cord-286274-1tb3uha2	60	7	models	model	NNS
cord-286274-1tb3uha2	60	8	and	and	CC
cord-286274-1tb3uha2	60	9	test	test	NN
cord-286274-1tb3uha2	60	10	results	result	NNS
cord-286274-1tb3uha2	60	11	.	.	.
cord-286274-1tb3uha2	61	1	Discussions	discussion	NNS
cord-286274-1tb3uha2	61	2	and	and	CC
cord-286274-1tb3uha2	61	3	conclusion	conclusion	NN
cord-286274-1tb3uha2	61	4	with	with	IN
cord-286274-1tb3uha2	61	5	some	some	DT
cord-286274-1tb3uha2	61	6	managerial	managerial	JJ
cord-286274-1tb3uha2	61	7	implications	implication	NNS
cord-286274-1tb3uha2	61	8	are	be	VBP
cord-286274-1tb3uha2	61	9	shown	show	VBN
cord-286274-1tb3uha2	61	10	in	in	IN
cord-286274-1tb3uha2	61	11	Section	section	NN
cord-286274-1tb3uha2	61	12	5	5	CD
cord-286274-1tb3uha2	61	13	.	.	.
cord-286274-1tb3uha2	62	1	Since	since	IN
cord-286274-1tb3uha2	62	2	the	the	DT
cord-286274-1tb3uha2	62	3	business	business	NN
cord-286274-1tb3uha2	62	4	success	success	NN
cord-286274-1tb3uha2	62	5	of	of	IN
cord-286274-1tb3uha2	62	6	hotel	hotel	NN
cord-286274-1tb3uha2	62	7	companies	company	NNS
cord-286274-1tb3uha2	62	8	is	be	VBZ
cord-286274-1tb3uha2	62	9	assumed	assume	VBN
cord-286274-1tb3uha2	62	10	to	to	TO
cord-286274-1tb3uha2	62	11	be	be	VB
cord-286274-1tb3uha2	62	12	tightly	tightly	RB
cord-286274-1tb3uha2	62	13	related	relate	VBN
cord-286274-1tb3uha2	62	14	to	to	IN
cord-286274-1tb3uha2	62	15	the	the	DT
cord-286274-1tb3uha2	62	16	economy	economy	NN
cord-286274-1tb3uha2	62	17	,	,	,
cord-286274-1tb3uha2	62	18	it	-PRON-	PRP
cord-286274-1tb3uha2	62	19	makes	make	VBZ
cord-286274-1tb3uha2	62	20	sense	sense	NN
cord-286274-1tb3uha2	62	21	to	to	TO
cord-286274-1tb3uha2	62	22	analyze	analyze	VB
cord-286274-1tb3uha2	62	23	the	the	DT
cord-286274-1tb3uha2	62	24	influence	influence	NN
cord-286274-1tb3uha2	62	25	of	of	IN
cord-286274-1tb3uha2	62	26	the	the	DT
cord-286274-1tb3uha2	62	27	state	state	NN
cord-286274-1tb3uha2	62	28	of	of	IN
cord-286274-1tb3uha2	62	29	the	the	DT
cord-286274-1tb3uha2	62	30	aggregate	aggregate	JJ
cord-286274-1tb3uha2	62	31	economy	economy	NN
cord-286274-1tb3uha2	62	32	on	on	IN
cord-286274-1tb3uha2	62	33	corporate	corporate	JJ
cord-286274-1tb3uha2	62	34	performance	performance	NN
cord-286274-1tb3uha2	62	35	in	in	IN
cord-286274-1tb3uha2	62	36	the	the	DT
cord-286274-1tb3uha2	62	37	hotel	hotel	NN
cord-286274-1tb3uha2	62	38	industry	industry	NN
cord-286274-1tb3uha2	62	39	.	.	.
cord-286274-1tb3uha2	63	1	However	however	RB
cord-286274-1tb3uha2	63	2	,	,	,
cord-286274-1tb3uha2	63	3	there	there	EX
cord-286274-1tb3uha2	63	4	is	be	VBZ
cord-286274-1tb3uha2	63	5	relatively	relatively	RB
cord-286274-1tb3uha2	63	6	little	little	JJ
cord-286274-1tb3uha2	63	7	examination	examination	NN
cord-286274-1tb3uha2	63	8	of	of	IN
cord-286274-1tb3uha2	63	9	the	the	DT
cord-286274-1tb3uha2	63	10	association	association	NN
cord-286274-1tb3uha2	63	11	between	between	IN
cord-286274-1tb3uha2	63	12	business	business	NN
cord-286274-1tb3uha2	63	13	conditions	condition	NNS
cord-286274-1tb3uha2	63	14	and	and	CC
cord-286274-1tb3uha2	63	15	corporate	corporate	JJ
cord-286274-1tb3uha2	63	16	performance	performance	NN
cord-286274-1tb3uha2	63	17	of	of	IN
cord-286274-1tb3uha2	63	18	hotel	hotel	NN
cord-286274-1tb3uha2	63	19	companies	company	NNS
cord-286274-1tb3uha2	63	20	in	in	IN
cord-286274-1tb3uha2	63	21	the	the	DT
cord-286274-1tb3uha2	63	22	hospitality	hospitality	NN
cord-286274-1tb3uha2	63	23	and	and	CC
cord-286274-1tb3uha2	63	24	tourism	tourism	NN
cord-286274-1tb3uha2	63	25	literature	literature	NN
cord-286274-1tb3uha2	63	26	.	.	.
cord-286274-1tb3uha2	64	1	Choi	Choi	NNP
cord-286274-1tb3uha2	64	2	,	,	,
cord-286274-1tb3uha2	64	3	Olsen	Olsen	NNP
cord-286274-1tb3uha2	64	4	,	,	,
cord-286274-1tb3uha2	64	5	Kwansa	Kwansa	NNP
cord-286274-1tb3uha2	64	6	,	,	,
cord-286274-1tb3uha2	64	7	and	and	CC
cord-286274-1tb3uha2	64	8	Tse	Tse	NNP
cord-286274-1tb3uha2	64	9	(	(	-LRB-
cord-286274-1tb3uha2	64	10	1999	1999	CD
cord-286274-1tb3uha2	64	11	)	)	-RRB-
cord-286274-1tb3uha2	64	12	developed	develop	VBD
cord-286274-1tb3uha2	64	13	a	a	DT
cord-286274-1tb3uha2	64	14	model	model	NN
cord-286274-1tb3uha2	64	15	of	of	IN
cord-286274-1tb3uha2	64	16	the	the	DT
cord-286274-1tb3uha2	64	17	business	business	NN
cord-286274-1tb3uha2	64	18	cycle	cycle	NN
cord-286274-1tb3uha2	64	19	for	for	IN
cord-286274-1tb3uha2	64	20	the	the	DT
cord-286274-1tb3uha2	64	21	U.S.	U.S.	NNP
cord-286274-1tb3uha2	64	22	hotel	hotel	NN
cord-286274-1tb3uha2	64	23	industry	industry	NN
cord-286274-1tb3uha2	64	24	.	.	.
cord-286274-1tb3uha2	65	1	The	the	DT
cord-286274-1tb3uha2	65	2	hotel	hotel	NN
cord-286274-1tb3uha2	65	3	industry	industry	NN
cord-286274-1tb3uha2	65	4	cycle	cycle	NN
cord-286274-1tb3uha2	65	5	is	be	VBZ
cord-286274-1tb3uha2	65	6	defined	define	VBN
cord-286274-1tb3uha2	65	7	as	as	IN
cord-286274-1tb3uha2	65	8	the	the	DT
cord-286274-1tb3uha2	65	9	fluctuation	fluctuation	NN
cord-286274-1tb3uha2	65	10	in	in	IN
cord-286274-1tb3uha2	65	11	the	the	DT
cord-286274-1tb3uha2	65	12	total	total	JJ
cord-286274-1tb3uha2	65	13	receipts	receipt	NNS
cord-286274-1tb3uha2	65	14	of	of	IN
cord-286274-1tb3uha2	65	15	the	the	DT
cord-286274-1tb3uha2	65	16	entire	entire	JJ
cord-286274-1tb3uha2	65	17	hotel	hotel	NN
cord-286274-1tb3uha2	65	18	industry	industry	NN
cord-286274-1tb3uha2	65	19	.	.	.
cord-286274-1tb3uha2	66	1	The	the	DT
cord-286274-1tb3uha2	66	2	hotel	hotel	NN
cord-286274-1tb3uha2	66	3	industry	industry	NN
cord-286274-1tb3uha2	66	4	cycle	cycle	NN
cord-286274-1tb3uha2	66	5	model	model	NN
cord-286274-1tb3uha2	66	6	demonstrated	demonstrate	VBD
cord-286274-1tb3uha2	66	7	the	the	DT
cord-286274-1tb3uha2	66	8	growth	growth	NN
cord-286274-1tb3uha2	66	9	of	of	IN
cord-286274-1tb3uha2	66	10	the	the	DT
cord-286274-1tb3uha2	66	11	hotel	hotel	NN
cord-286274-1tb3uha2	66	12	industry	industry	NN
cord-286274-1tb3uha2	66	13	by	by	IN
cord-286274-1tb3uha2	66	14	showing	show	VBG
cord-286274-1tb3uha2	66	15	that	that	IN
cord-286274-1tb3uha2	66	16	the	the	DT
cord-286274-1tb3uha2	66	17	hotel	hotel	NN
cord-286274-1tb3uha2	66	18	industry	industry	NN
cord-286274-1tb3uha2	66	19	grew	grow	VBD
cord-286274-1tb3uha2	66	20	rapidly	rapidly	RB
cord-286274-1tb3uha2	66	21	every	every	DT
cord-286274-1tb3uha2	66	22	four	four	CD
cord-286274-1tb3uha2	66	23	or	or	CC
cord-286274-1tb3uha2	66	24	five	five	CD
cord-286274-1tb3uha2	66	25	years	year	NNS
cord-286274-1tb3uha2	66	26	during	during	IN
cord-286274-1tb3uha2	66	27	the	the	DT
cord-286274-1tb3uha2	66	28	28	28	CD
cord-286274-1tb3uha2	66	29	years	year	NNS
cord-286274-1tb3uha2	66	30	from	from	IN
cord-286274-1tb3uha2	66	31	1966	1966	CD
cord-286274-1tb3uha2	66	32	to	to	IN
cord-286274-1tb3uha2	66	33	1993	1993	CD
cord-286274-1tb3uha2	66	34	.	.	.
cord-286274-1tb3uha2	67	1	The	the	DT
cord-286274-1tb3uha2	67	2	hotel	hotel	NN
cord-286274-1tb3uha2	67	3	industry	industry	NN
cord-286274-1tb3uha2	67	4	cycle	cycle	NN
cord-286274-1tb3uha2	67	5	model	model	NN
cord-286274-1tb3uha2	67	6	could	could	MD
cord-286274-1tb3uha2	67	7	provide	provide	VB
cord-286274-1tb3uha2	67	8	valuable	valuable	JJ
cord-286274-1tb3uha2	67	9	guidelines	guideline	NNS
cord-286274-1tb3uha2	67	10	for	for	IN
cord-286274-1tb3uha2	67	11	practitioners	practitioner	NNS
cord-286274-1tb3uha2	67	12	and	and	CC
cord-286274-1tb3uha2	67	13	researchers	researcher	NNS
cord-286274-1tb3uha2	67	14	in	in	IN
cord-286274-1tb3uha2	67	15	the	the	DT
cord-286274-1tb3uha2	67	16	hotel	hotel	NN
cord-286274-1tb3uha2	67	17	industry	industry	NN
cord-286274-1tb3uha2	67	18	.	.	.
cord-286274-1tb3uha2	68	1	For	for	IN
cord-286274-1tb3uha2	68	2	instance	instance	NN
cord-286274-1tb3uha2	68	3	,	,	,
cord-286274-1tb3uha2	68	4	the	the	DT
cord-286274-1tb3uha2	68	5	average	average	JJ
cord-286274-1tb3uha2	68	6	expansion	expansion	NN
cord-286274-1tb3uha2	68	7	period	period	NN
cord-286274-1tb3uha2	68	8	was	be	VBD
cord-286274-1tb3uha2	68	9	about	about	RB
cord-286274-1tb3uha2	68	10	three	three	CD
cord-286274-1tb3uha2	68	11	years	year	NNS
cord-286274-1tb3uha2	68	12	,	,	,
cord-286274-1tb3uha2	68	13	while	while	IN
cord-286274-1tb3uha2	68	14	the	the	DT
cord-286274-1tb3uha2	68	15	average	average	JJ
cord-286274-1tb3uha2	68	16	contraction	contraction	NN
cord-286274-1tb3uha2	68	17	period	period	NN
cord-286274-1tb3uha2	68	18	was	be	VBD
cord-286274-1tb3uha2	68	19	about	about	RB
cord-286274-1tb3uha2	68	20	two	two	CD
cord-286274-1tb3uha2	68	21	years	year	NNS
cord-286274-1tb3uha2	68	22	.	.	.
cord-286274-1tb3uha2	69	1	Moreover	moreover	RB
cord-286274-1tb3uha2	69	2	,	,	,
cord-286274-1tb3uha2	69	3	the	the	DT
cord-286274-1tb3uha2	69	4	hotel	hotel	NN
cord-286274-1tb3uha2	69	5	industry	industry	NN
cord-286274-1tb3uha2	69	6	led	lead	VBD
cord-286274-1tb3uha2	69	7	general	general	JJ
cord-286274-1tb3uha2	69	8	business	business	NN
cord-286274-1tb3uha2	69	9	cycle	cycle	NN
cord-286274-1tb3uha2	69	10	troughs	trough	NNS
cord-286274-1tb3uha2	69	11	(	(	-LRB-
cord-286274-1tb3uha2	69	12	peaks	peak	NNS
cord-286274-1tb3uha2	69	13	)	)	-RRB-
cord-286274-1tb3uha2	69	14	by	by	IN
cord-286274-1tb3uha2	69	15	an	an	DT
cord-286274-1tb3uha2	69	16	average	average	NN
cord-286274-1tb3uha2	69	17	of	of	IN
cord-286274-1tb3uha2	69	18	0.5	0.5	CD
cord-286274-1tb3uha2	69	19	(	(	-LRB-
cord-286274-1tb3uha2	69	20	0.75	0.75	CD
cord-286274-1tb3uha2	69	21	)	)	-RRB-
cord-286274-1tb3uha2	69	22	years	year	NNS
cord-286274-1tb3uha2	69	23	.	.	.
cord-286274-1tb3uha2	70	1	Choi	Choi	NNP
cord-286274-1tb3uha2	70	2	(	(	-LRB-
cord-286274-1tb3uha2	70	3	2003	2003	CD
cord-286274-1tb3uha2	70	4	)	)	-RRB-
cord-286274-1tb3uha2	70	5	employed	employ	VBD
cord-286274-1tb3uha2	70	6	an	an	DT
cord-286274-1tb3uha2	70	7	economic	economic	JJ
cord-286274-1tb3uha2	70	8	indicator	indicator	NN
cord-286274-1tb3uha2	70	9	system	system	NN
cord-286274-1tb3uha2	70	10	to	to	TO
cord-286274-1tb3uha2	70	11	project	project	VB
cord-286274-1tb3uha2	70	12	the	the	DT
cord-286274-1tb3uha2	70	13	growth	growth	NN
cord-286274-1tb3uha2	70	14	and	and	CC
cord-286274-1tb3uha2	70	15	turning	turn	VBG
cord-286274-1tb3uha2	70	16	points	point	NNS
cord-286274-1tb3uha2	70	17	of	of	IN
cord-286274-1tb3uha2	70	18	the	the	DT
cord-286274-1tb3uha2	70	19	US	US	NNP
cord-286274-1tb3uha2	70	20	hotel	hotel	NN
cord-286274-1tb3uha2	70	21	industry	industry	NN
cord-286274-1tb3uha2	70	22	.	.	.
cord-286274-1tb3uha2	71	1	He	-PRON-	PRP
cord-286274-1tb3uha2	71	2	identified	identify	VBD
cord-286274-1tb3uha2	71	3	12	12	CD
cord-286274-1tb3uha2	71	4	leading	lead	VBG
cord-286274-1tb3uha2	71	5	,	,	,
cord-286274-1tb3uha2	71	6	10	10	CD
cord-286274-1tb3uha2	71	7	coincident	coincident	JJ
cord-286274-1tb3uha2	71	8	and	and	CC
cord-286274-1tb3uha2	71	9	10	10	CD
cord-286274-1tb3uha2	71	10	lagging	lagging	JJ
cord-286274-1tb3uha2	71	11	indicators	indicator	NNS
cord-286274-1tb3uha2	71	12	in	in	IN
cord-286274-1tb3uha2	71	13	the	the	DT
cord-286274-1tb3uha2	71	14	study	study	NN
cord-286274-1tb3uha2	71	15	based	base	VBN
cord-286274-1tb3uha2	71	16	on	on	IN
cord-286274-1tb3uha2	71	17	a	a	DT
cord-286274-1tb3uha2	71	18	comprehensive	comprehensive	JJ
cord-286274-1tb3uha2	71	19	literature	literature	NN
cord-286274-1tb3uha2	71	20	review	review	NN
cord-286274-1tb3uha2	71	21	as	as	RB
cord-286274-1tb3uha2	71	22	well	well	RB
cord-286274-1tb3uha2	71	23	as	as	IN
cord-286274-1tb3uha2	71	24	the	the	DT
cord-286274-1tb3uha2	71	25	National	National	NNP
cord-286274-1tb3uha2	71	26	Bureau	Bureau	NNP
cord-286274-1tb3uha2	71	27	of	of	IN
cord-286274-1tb3uha2	71	28	Economic	Economic	NNP
cord-286274-1tb3uha2	71	29	Research	Research	NNP
cord-286274-1tb3uha2	71	30	turning	turning	NN
cord-286274-1tb3uha2	71	31	point	point	NN
cord-286274-1tb3uha2	71	32	criteria	criterion	NNS
cord-286274-1tb3uha2	71	33	and	and	CC
cord-286274-1tb3uha2	71	34	statistical	statistical	JJ
cord-286274-1tb3uha2	71	35	correlation	correlation	NN
cord-286274-1tb3uha2	71	36	method	method	NN
cord-286274-1tb3uha2	71	37	.	.	.
cord-286274-1tb3uha2	72	1	As	as	IN
cord-286274-1tb3uha2	72	2	he	-PRON-	PRP
cord-286274-1tb3uha2	72	3	noted	note	VBD
cord-286274-1tb3uha2	72	4	,	,	,
cord-286274-1tb3uha2	72	5	the	the	DT
cord-286274-1tb3uha2	72	6	performance	performance	NN
cord-286274-1tb3uha2	72	7	of	of	IN
cord-286274-1tb3uha2	72	8	the	the	DT
cord-286274-1tb3uha2	72	9	economic	economic	JJ
cord-286274-1tb3uha2	72	10	indicator	indicator	NN
cord-286274-1tb3uha2	72	11	system	system	NN
cord-286274-1tb3uha2	72	12	illustrated	illustrate	VBD
cord-286274-1tb3uha2	72	13	the	the	DT
cord-286274-1tb3uha2	72	14	system	system	NN
cord-286274-1tb3uha2	72	15	's	's	POS
cord-286274-1tb3uha2	72	16	great	great	JJ
cord-286274-1tb3uha2	72	17	potential	potential	NN
cord-286274-1tb3uha2	72	18	as	as	IN
cord-286274-1tb3uha2	72	19	a	a	DT
cord-286274-1tb3uha2	72	20	forecasting	forecasting	NN
cord-286274-1tb3uha2	72	21	method	method	NN
cord-286274-1tb3uha2	72	22	.	.	.
cord-286274-1tb3uha2	73	1	Another	another	DT
cord-286274-1tb3uha2	73	2	stream	stream	NN
cord-286274-1tb3uha2	73	3	of	of	IN
cord-286274-1tb3uha2	73	4	research	research	NN
cord-286274-1tb3uha2	73	5	work	work	NN
cord-286274-1tb3uha2	73	6	focused	focus	VBD
cord-286274-1tb3uha2	73	7	on	on	IN
cord-286274-1tb3uha2	73	8	the	the	DT
cord-286274-1tb3uha2	73	9	significance	significance	NN
cord-286274-1tb3uha2	73	10	of	of	IN
cord-286274-1tb3uha2	73	11	the	the	DT
cord-286274-1tb3uha2	73	12	key	key	JJ
cord-286274-1tb3uha2	73	13	economic	economic	JJ
cord-286274-1tb3uha2	73	14	variables	variable	NNS
cord-286274-1tb3uha2	73	15	that	that	WDT
cord-286274-1tb3uha2	73	16	can	can	MD
cord-286274-1tb3uha2	73	17	be	be	VB
cord-286274-1tb3uha2	73	18	used	use	VBN
cord-286274-1tb3uha2	73	19	to	to	TO
cord-286274-1tb3uha2	73	20	summarize	summarize	VB
cord-286274-1tb3uha2	73	21	the	the	DT
cord-286274-1tb3uha2	73	22	state	state	NN
cord-286274-1tb3uha2	73	23	of	of	IN
cord-286274-1tb3uha2	73	24	the	the	DT
cord-286274-1tb3uha2	73	25	economy	economy	NN
cord-286274-1tb3uha2	73	26	in	in	IN
cord-286274-1tb3uha2	73	27	explaining	explain	VBG
cord-286274-1tb3uha2	73	28	financial	financial	JJ
cord-286274-1tb3uha2	73	29	performance	performance	NN
cord-286274-1tb3uha2	73	30	(	(	-LRB-
cord-286274-1tb3uha2	73	31	stock	stock	NN
cord-286274-1tb3uha2	73	32	return	return	NN
cord-286274-1tb3uha2	73	33	)	)	-RRB-
cord-286274-1tb3uha2	73	34	of	of	IN
cord-286274-1tb3uha2	73	35	hotel	hotel	NN
cord-286274-1tb3uha2	73	36	firms	firm	NNS
cord-286274-1tb3uha2	73	37	(	(	-LRB-
cord-286274-1tb3uha2	73	38	Barrows	Barrows	NNPS
cord-286274-1tb3uha2	73	39	&	&	CC
cord-286274-1tb3uha2	73	40	Naka	Naka	NNP
cord-286274-1tb3uha2	73	41	,	,	,
cord-286274-1tb3uha2	73	42	1994	1994	CD
cord-286274-1tb3uha2	73	43	;	;	:
cord-286274-1tb3uha2	73	44	Chen	Chen	NNP
cord-286274-1tb3uha2	73	45	,	,	,
cord-286274-1tb3uha2	73	46	2007a	2007a	CD
cord-286274-1tb3uha2	73	47	Chen	Chen	NNP
cord-286274-1tb3uha2	73	48	,	,	,
cord-286274-1tb3uha2	73	49	,	,	,
cord-286274-1tb3uha2	73	50	2007c	2007c	CD
cord-286274-1tb3uha2	73	51	Chen	Chen	NNP
cord-286274-1tb3uha2	73	52	et	et	NNP
cord-286274-1tb3uha2	73	53	al	al	NNP
cord-286274-1tb3uha2	73	54	.	.	NNP
cord-286274-1tb3uha2	73	55	,	,	,
cord-286274-1tb3uha2	73	56	2005	2005	CD
cord-286274-1tb3uha2	73	57	)	)	-RRB-
cord-286274-1tb3uha2	73	58	.	.	.
cord-286274-1tb3uha2	74	1	Barrows	barrow	NNS
cord-286274-1tb3uha2	74	2	and	and	CC
cord-286274-1tb3uha2	74	3	Naka	Naka	NNP
cord-286274-1tb3uha2	74	4	(	(	-LRB-
cord-286274-1tb3uha2	74	5	1994	1994	CD
cord-286274-1tb3uha2	74	6	)	)	-RRB-
cord-286274-1tb3uha2	74	7	investigated	investigate	VBD
cord-286274-1tb3uha2	74	8	whether	whether	IN
cord-286274-1tb3uha2	74	9	five	five	CD
cord-286274-1tb3uha2	74	10	selected	select	VBN
cord-286274-1tb3uha2	74	11	economic	economic	JJ
cord-286274-1tb3uha2	74	12	variables	variable	NNS
cord-286274-1tb3uha2	74	13	(	(	-LRB-
cord-286274-1tb3uha2	74	14	the	the	DT
cord-286274-1tb3uha2	74	15	expected	expect	VBN
cord-286274-1tb3uha2	74	16	inflation	inflation	NN
cord-286274-1tb3uha2	74	17	rate	rate	NN
cord-286274-1tb3uha2	74	18	,	,	,
cord-286274-1tb3uha2	74	19	money	money	NN
cord-286274-1tb3uha2	74	20	supply	supply	NN
cord-286274-1tb3uha2	74	21	,	,	,
cord-286274-1tb3uha2	74	22	domestic	domestic	JJ
cord-286274-1tb3uha2	74	23	consumption	consumption	NN
cord-286274-1tb3uha2	74	24	,	,	,
cord-286274-1tb3uha2	74	25	term	term	NN
cord-286274-1tb3uha2	74	26	structure	structure	NN
cord-286274-1tb3uha2	74	27	of	of	IN
cord-286274-1tb3uha2	74	28	the	the	DT
cord-286274-1tb3uha2	74	29	interest	interest	NN
cord-286274-1tb3uha2	74	30	rate	rate	NN
cord-286274-1tb3uha2	74	31	,	,	,
cord-286274-1tb3uha2	74	32	and	and	CC
cord-286274-1tb3uha2	74	33	industrial	industrial	JJ
cord-286274-1tb3uha2	74	34	production	production	NN
cord-286274-1tb3uha2	74	35	)	)	-RRB-
cord-286274-1tb3uha2	74	36	could	could	MD
cord-286274-1tb3uha2	74	37	determine	determine	VB
cord-286274-1tb3uha2	74	38	the	the	DT
cord-286274-1tb3uha2	74	39	returns	return	NNS
cord-286274-1tb3uha2	74	40	of	of	IN
cord-286274-1tb3uha2	74	41	U.S.	U.S.	NNP
cord-286274-1tb3uha2	74	42	hospitality	hospitality	NN
cord-286274-1tb3uha2	74	43	stocks	stock	NNS
cord-286274-1tb3uha2	74	44	.	.	.
cord-286274-1tb3uha2	75	1	They	-PRON-	PRP
cord-286274-1tb3uha2	75	2	found	find	VBD
cord-286274-1tb3uha2	75	3	that	that	IN
cord-286274-1tb3uha2	75	4	the	the	DT
cord-286274-1tb3uha2	75	5	expected	expect	VBN
cord-286274-1tb3uha2	75	6	inflation	inflation	NN
cord-286274-1tb3uha2	75	7	rate	rate	NN
cord-286274-1tb3uha2	75	8	,	,	,
cord-286274-1tb3uha2	75	9	growth	growth	NN
cord-286274-1tb3uha2	75	10	rates	rate	NNS
cord-286274-1tb3uha2	75	11	of	of	IN
cord-286274-1tb3uha2	75	12	money	money	NN
cord-286274-1tb3uha2	75	13	supply	supply	NN
cord-286274-1tb3uha2	75	14	and	and	CC
cord-286274-1tb3uha2	75	15	domestic	domestic	JJ
cord-286274-1tb3uha2	75	16	consumption	consumption	NN
cord-286274-1tb3uha2	75	17	had	have	VBD
cord-286274-1tb3uha2	75	18	a	a	DT
cord-286274-1tb3uha2	75	19	significant	significant	JJ
cord-286274-1tb3uha2	75	20	impact	impact	NN
cord-286274-1tb3uha2	75	21	on	on	IN
cord-286274-1tb3uha2	75	22	hospitality	hospitality	NN
cord-286274-1tb3uha2	75	23	stock	stock	NN
cord-286274-1tb3uha2	75	24	returns	return	NNS
cord-286274-1tb3uha2	75	25	.	.	.
cord-286274-1tb3uha2	76	1	Chen	Chen	NNP
cord-286274-1tb3uha2	76	2	et	et	NNP
cord-286274-1tb3uha2	76	3	al	al	NNP
cord-286274-1tb3uha2	76	4	.	.	.
cord-286274-1tb3uha2	77	1	(	(	-LRB-
cord-286274-1tb3uha2	77	2	2005	2005	CD
cord-286274-1tb3uha2	77	3	)	)	-RRB-
cord-286274-1tb3uha2	77	4	tested	test	VBD
cord-286274-1tb3uha2	77	5	the	the	DT
cord-286274-1tb3uha2	77	6	impact	impact	NN
cord-286274-1tb3uha2	77	7	of	of	IN
cord-286274-1tb3uha2	77	8	a	a	DT
cord-286274-1tb3uha2	77	9	set	set	NN
cord-286274-1tb3uha2	77	10	of	of	IN
cord-286274-1tb3uha2	77	11	economic	economic	JJ
cord-286274-1tb3uha2	77	12	variables	variable	NNS
cord-286274-1tb3uha2	77	13	and	and	CC
cord-286274-1tb3uha2	77	14	non	non	JJ
cord-286274-1tb3uha2	77	15	-	-	JJ
cord-286274-1tb3uha2	77	16	economic	economic	JJ
cord-286274-1tb3uha2	77	17	events	event	NNS
cord-286274-1tb3uha2	77	18	on	on	IN
cord-286274-1tb3uha2	77	19	hotel	hotel	NN
cord-286274-1tb3uha2	77	20	stock	stock	NN
cord-286274-1tb3uha2	77	21	returns	return	NNS
cord-286274-1tb3uha2	77	22	in	in	IN
cord-286274-1tb3uha2	77	23	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	77	24	.	.	.
cord-286274-1tb3uha2	78	1	They	-PRON-	PRP
cord-286274-1tb3uha2	78	2	observed	observe	VBD
cord-286274-1tb3uha2	78	3	that	that	DT
cord-286274-1tb3uha2	78	4	money	money	NN
cord-286274-1tb3uha2	78	5	supply	supply	NN
cord-286274-1tb3uha2	78	6	growth	growth	NN
cord-286274-1tb3uha2	78	7	rates	rate	NNS
cord-286274-1tb3uha2	78	8	and	and	CC
cord-286274-1tb3uha2	78	9	changes	change	NNS
cord-286274-1tb3uha2	78	10	in	in	IN
cord-286274-1tb3uha2	78	11	unemployment	unemployment	NN
cord-286274-1tb3uha2	78	12	rates	rate	NNS
cord-286274-1tb3uha2	78	13	are	be	VBP
cord-286274-1tb3uha2	78	14	two	two	CD
cord-286274-1tb3uha2	78	15	influential	influential	JJ
cord-286274-1tb3uha2	78	16	economic	economic	JJ
cord-286274-1tb3uha2	78	17	factors	factor	NNS
cord-286274-1tb3uha2	78	18	of	of	IN
cord-286274-1tb3uha2	78	19	Taiwanese	taiwanese	JJ
cord-286274-1tb3uha2	78	20	hotel	hotel	NN
cord-286274-1tb3uha2	78	21	stock	stock	NN
cord-286274-1tb3uha2	78	22	returns	return	NNS
cord-286274-1tb3uha2	78	23	.	.	.
cord-286274-1tb3uha2	79	1	In	in	IN
cord-286274-1tb3uha2	79	2	addition	addition	NN
cord-286274-1tb3uha2	79	3	,	,	,
cord-286274-1tb3uha2	79	4	not	not	RB
cord-286274-1tb3uha2	79	5	only	only	RB
cord-286274-1tb3uha2	79	6	economic	economic	JJ
cord-286274-1tb3uha2	79	7	variables	variable	NNS
cord-286274-1tb3uha2	79	8	but	but	CC
cord-286274-1tb3uha2	79	9	also	also	RB
cord-286274-1tb3uha2	79	10	non	non	JJ
cord-286274-1tb3uha2	79	11	-	-	JJ
cord-286274-1tb3uha2	79	12	economic	economic	JJ
cord-286274-1tb3uha2	79	13	events	event	NNS
cord-286274-1tb3uha2	79	14	,	,	,
cord-286274-1tb3uha2	79	15	including	include	VBG
cord-286274-1tb3uha2	79	16	wars	war	NNS
cord-286274-1tb3uha2	79	17	,	,	,
cord-286274-1tb3uha2	79	18	presidential	presidential	JJ
cord-286274-1tb3uha2	79	19	elections	election	NNS
cord-286274-1tb3uha2	79	20	,	,	,
cord-286274-1tb3uha2	79	21	natural	natural	JJ
cord-286274-1tb3uha2	79	22	disasters	disaster	NNS
cord-286274-1tb3uha2	79	23	,	,	,
cord-286274-1tb3uha2	79	24	sports	sport	NNS
cord-286274-1tb3uha2	79	25	mega	mega	NNS
cord-286274-1tb3uha2	79	26	-	-	NNS
cord-286274-1tb3uha2	79	27	events	event	NNS
cord-286274-1tb3uha2	79	28	,	,	,
cord-286274-1tb3uha2	79	29	and	and	CC
cord-286274-1tb3uha2	79	30	terrorist	terrorist	JJ
cord-286274-1tb3uha2	79	31	attacks	attack	NNS
cord-286274-1tb3uha2	79	32	,	,	,
cord-286274-1tb3uha2	79	33	could	could	MD
cord-286274-1tb3uha2	79	34	have	have	VB
cord-286274-1tb3uha2	79	35	a	a	DT
cord-286274-1tb3uha2	79	36	strong	strong	JJ
cord-286274-1tb3uha2	79	37	effect	effect	NN
cord-286274-1tb3uha2	79	38	on	on	IN
cord-286274-1tb3uha2	79	39	hotel	hotel	NN
cord-286274-1tb3uha2	79	40	stock	stock	NN
cord-286274-1tb3uha2	79	41	returns	return	NNS
cord-286274-1tb3uha2	79	42	.	.	.
cord-286274-1tb3uha2	80	1	Similarly	similarly	RB
cord-286274-1tb3uha2	80	2	,	,	,
cord-286274-1tb3uha2	80	3	a	a	DT
cord-286274-1tb3uha2	80	4	significant	significant	JJ
cord-286274-1tb3uha2	80	5	influence	influence	NN
cord-286274-1tb3uha2	80	6	of	of	IN
cord-286274-1tb3uha2	80	7	economic	economic	JJ
cord-286274-1tb3uha2	80	8	and	and	CC
cord-286274-1tb3uha2	80	9	non	non	JJ
cord-286274-1tb3uha2	80	10	-	-	JJ
cord-286274-1tb3uha2	80	11	economic	economic	JJ
cord-286274-1tb3uha2	80	12	factors	factor	NNS
cord-286274-1tb3uha2	80	13	on	on	IN
cord-286274-1tb3uha2	80	14	hotel	hotel	NN
cord-286274-1tb3uha2	80	15	stock	stock	NN
cord-286274-1tb3uha2	80	16	performance	performance	NN
cord-286274-1tb3uha2	80	17	was	be	VBD
cord-286274-1tb3uha2	80	18	found	find	VBN
cord-286274-1tb3uha2	80	19	in	in	IN
cord-286274-1tb3uha2	80	20	China	China	NNP
cord-286274-1tb3uha2	80	21	(	(	-LRB-
cord-286274-1tb3uha2	80	22	Chen	Chen	NNP
cord-286274-1tb3uha2	80	23	,	,	,
cord-286274-1tb3uha2	80	24	2007c	2007c	CD
cord-286274-1tb3uha2	80	25	)	)	-RRB-
cord-286274-1tb3uha2	80	26	.	.	.
cord-286274-1tb3uha2	81	1	Chen	Chen	NNP
cord-286274-1tb3uha2	81	2	(	(	-LRB-
cord-286274-1tb3uha2	81	3	2007a	2007a	CD
cord-286274-1tb3uha2	81	4	)	)	-RRB-
cord-286274-1tb3uha2	81	5	studied	study	VBD
cord-286274-1tb3uha2	81	6	the	the	DT
cord-286274-1tb3uha2	81	7	relationship	relationship	NN
cord-286274-1tb3uha2	81	8	between	between	IN
cord-286274-1tb3uha2	81	9	hotel	hotel	NN
cord-286274-1tb3uha2	81	10	stock	stock	NN
cord-286274-1tb3uha2	81	11	returns	return	NNS
cord-286274-1tb3uha2	81	12	and	and	CC
cord-286274-1tb3uha2	81	13	monetary	monetary	JJ
cord-286274-1tb3uha2	81	14	conditions	condition	NNS
cord-286274-1tb3uha2	81	15	.	.	.
cord-286274-1tb3uha2	82	1	By	by	IN
cord-286274-1tb3uha2	82	2	examining	examine	VBG
cord-286274-1tb3uha2	82	3	the	the	DT
cord-286274-1tb3uha2	82	4	performance	performance	NN
cord-286274-1tb3uha2	82	5	of	of	IN
cord-286274-1tb3uha2	82	6	Taiwanese	taiwanese	JJ
cord-286274-1tb3uha2	82	7	hotel	hotel	NN
cord-286274-1tb3uha2	82	8	stocks	stock	NNS
cord-286274-1tb3uha2	82	9	under	under	IN
cord-286274-1tb3uha2	82	10	two	two	CD
cord-286274-1tb3uha2	82	11	monetary	monetary	JJ
cord-286274-1tb3uha2	82	12	policy	policy	NN
cord-286274-1tb3uha2	82	13	environments	environment	NNS
cord-286274-1tb3uha2	82	14	,	,	,
cord-286274-1tb3uha2	82	15	he	-PRON-	PRP
cord-286274-1tb3uha2	82	16	showed	show	VBD
cord-286274-1tb3uha2	82	17	that	that	IN
cord-286274-1tb3uha2	82	18	hotel	hotel	NN
cord-286274-1tb3uha2	82	19	stocks	stock	NNS
cord-286274-1tb3uha2	82	20	had	have	VBD
cord-286274-1tb3uha2	82	21	a	a	DT
cord-286274-1tb3uha2	82	22	higher	high	JJR
cord-286274-1tb3uha2	82	23	mean	mean	JJ
cord-286274-1tb3uha2	82	24	return	return	NN
cord-286274-1tb3uha2	82	25	and	and	CC
cord-286274-1tb3uha2	82	26	rewardto	rewardto	NN
cord-286274-1tb3uha2	82	27	-	-	HYPH
cord-286274-1tb3uha2	82	28	risk	risk	NN
cord-286274-1tb3uha2	82	29	ratio	ratio	NN
cord-286274-1tb3uha2	82	30	during	during	IN
cord-286274-1tb3uha2	82	31	expansive	expansive	JJ
cord-286274-1tb3uha2	82	32	monetary	monetary	JJ
cord-286274-1tb3uha2	82	33	periods	period	NNS
cord-286274-1tb3uha2	82	34	.	.	.
cord-286274-1tb3uha2	83	1	Chen	Chen	NNP
cord-286274-1tb3uha2	83	2	(	(	-LRB-
cord-286274-1tb3uha2	83	3	2007b	2007b	CD
cord-286274-1tb3uha2	83	4	)	)	-RRB-
cord-286274-1tb3uha2	83	5	argued	argue	VBD
cord-286274-1tb3uha2	83	6	that	that	IN
cord-286274-1tb3uha2	83	7	a	a	DT
cord-286274-1tb3uha2	83	8	sound	sound	NN
cord-286274-1tb3uha2	83	9	(	(	-LRB-
cord-286274-1tb3uha2	83	10	poor	poor	JJ
cord-286274-1tb3uha2	83	11	)	)	-RRB-
cord-286274-1tb3uha2	83	12	business	business	NN
cord-286274-1tb3uha2	83	13	environment	environment	NN
cord-286274-1tb3uha2	83	14	should	should	MD
cord-286274-1tb3uha2	83	15	lead	lead	VB
cord-286274-1tb3uha2	83	16	to	to	IN
cord-286274-1tb3uha2	83	17	a	a	DT
cord-286274-1tb3uha2	83	18	growth	growth	NN
cord-286274-1tb3uha2	83	19	(	(	-LRB-
cord-286274-1tb3uha2	83	20	decrease	decrease	NN
cord-286274-1tb3uha2	83	21	)	)	-RRB-
cord-286274-1tb3uha2	83	22	in	in	IN
cord-286274-1tb3uha2	83	23	sales	sale	NNS
cord-286274-1tb3uha2	83	24	and	and	CC
cord-286274-1tb3uha2	83	25	earnings	earning	NNS
cord-286274-1tb3uha2	83	26	,	,	,
cord-286274-1tb3uha2	83	27	and	and	CC
cord-286274-1tb3uha2	83	28	consequently	consequently	RB
cord-286274-1tb3uha2	83	29	strengthen	strengthen	VB
cord-286274-1tb3uha2	83	30	(	(	-LRB-
cord-286274-1tb3uha2	83	31	weaken	weaken	VB
cord-286274-1tb3uha2	83	32	)	)	-RRB-
cord-286274-1tb3uha2	83	33	the	the	DT
cord-286274-1tb3uha2	83	34	performance	performance	NN
cord-286274-1tb3uha2	83	35	of	of	IN
cord-286274-1tb3uha2	83	36	business	business	NN
cord-286274-1tb3uha2	83	37	firms	firm	NNS
cord-286274-1tb3uha2	83	38	.	.	.
cord-286274-1tb3uha2	84	1	In	in	IN
cord-286274-1tb3uha2	84	2	other	other	JJ
cord-286274-1tb3uha2	84	3	words	word	NNS
cord-286274-1tb3uha2	84	4	,	,	,
cord-286274-1tb3uha2	84	5	corporate	corporate	JJ
cord-286274-1tb3uha2	84	6	earnings	earning	NNS
cord-286274-1tb3uha2	84	7	are	be	VBP
cord-286274-1tb3uha2	84	8	expected	expect	VBN
cord-286274-1tb3uha2	84	9	to	to	TO
cord-286274-1tb3uha2	84	10	rise	rise	VB
cord-286274-1tb3uha2	84	11	(	(	-LRB-
cord-286274-1tb3uha2	84	12	fall	fall	VB
cord-286274-1tb3uha2	84	13	)	)	-RRB-
cord-286274-1tb3uha2	84	14	when	when	WRB
cord-286274-1tb3uha2	84	15	the	the	DT
cord-286274-1tb3uha2	84	16	economy	economy	NN
cord-286274-1tb3uha2	84	17	is	be	VBZ
cord-286274-1tb3uha2	84	18	expanding	expand	VBG
cord-286274-1tb3uha2	84	19	(	(	-LRB-
cord-286274-1tb3uha2	84	20	contracting	contract	VBG
cord-286274-1tb3uha2	84	21	)	)	-RRB-
cord-286274-1tb3uha2	84	22	,	,	,
cord-286274-1tb3uha2	84	23	resulting	result	VBG
cord-286274-1tb3uha2	84	24	in	in	IN
cord-286274-1tb3uha2	84	25	strong	strong	JJ
cord-286274-1tb3uha2	84	26	(	(	-LRB-
cord-286274-1tb3uha2	84	27	sluggish	sluggish	JJ
cord-286274-1tb3uha2	84	28	)	)	-RRB-
cord-286274-1tb3uha2	84	29	business	business	NN
cord-286274-1tb3uha2	84	30	performance	performance	NN
cord-286274-1tb3uha2	84	31	.	.	.
cord-286274-1tb3uha2	85	1	Accordingly	accordingly	RB
cord-286274-1tb3uha2	85	2	,	,	,
cord-286274-1tb3uha2	85	3	he	-PRON-	PRP
cord-286274-1tb3uha2	85	4	studied	study	VBD
cord-286274-1tb3uha2	85	5	interactions	interaction	NNS
cord-286274-1tb3uha2	85	6	between	between	IN
cord-286274-1tb3uha2	85	7	business	business	NN
cord-286274-1tb3uha2	85	8	conditions	condition	NNS
cord-286274-1tb3uha2	85	9	and	and	CC
cord-286274-1tb3uha2	85	10	stock	stock	NN
cord-286274-1tb3uha2	85	11	performance	performance	NN
cord-286274-1tb3uha2	85	12	of	of	IN
cord-286274-1tb3uha2	85	13	tourism	tourism	NN
cord-286274-1tb3uha2	85	14	companies	company	NNS
cord-286274-1tb3uha2	85	15	in	in	IN
cord-286274-1tb3uha2	85	16	China	China	NNP
cord-286274-1tb3uha2	85	17	and	and	CC
cord-286274-1tb3uha2	85	18	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	85	19	.	.	.
cord-286274-1tb3uha2	86	1	Gross	gross	JJ
cord-286274-1tb3uha2	86	2	domestic	domestic	JJ
cord-286274-1tb3uha2	86	3	product	product	NN
cord-286274-1tb3uha2	86	4	(	(	-LRB-
cord-286274-1tb3uha2	86	5	GDP	GDP	NNP
cord-286274-1tb3uha2	86	6	)	)	-RRB-
cord-286274-1tb3uha2	86	7	and	and	CC
cord-286274-1tb3uha2	86	8	stock	stock	NN
cord-286274-1tb3uha2	86	9	price	price	NN
cord-286274-1tb3uha2	86	10	were	be	VBD
cord-286274-1tb3uha2	86	11	used	use	VBN
cord-286274-1tb3uha2	86	12	as	as	IN
cord-286274-1tb3uha2	86	13	proxies	proxy	NNS
cord-286274-1tb3uha2	86	14	of	of	IN
cord-286274-1tb3uha2	86	15	business	business	NN
cord-286274-1tb3uha2	86	16	conditions	condition	NNS
cord-286274-1tb3uha2	86	17	and	and	CC
cord-286274-1tb3uha2	86	18	financial	financial	JJ
cord-286274-1tb3uha2	86	19	performance	performance	NN
cord-286274-1tb3uha2	86	20	of	of	IN
cord-286274-1tb3uha2	86	21	tourism	tourism	NN
cord-286274-1tb3uha2	86	22	firms	firm	NNS
cord-286274-1tb3uha2	86	23	,	,	,
cord-286274-1tb3uha2	86	24	respectively	respectively	RB
cord-286274-1tb3uha2	86	25	.	.	.
cord-286274-1tb3uha2	87	1	Empirical	empirical	JJ
cord-286274-1tb3uha2	87	2	results	result	NNS
cord-286274-1tb3uha2	87	3	revealed	reveal	VBD
cord-286274-1tb3uha2	87	4	a	a	DT
cord-286274-1tb3uha2	87	5	long	long	RB
cord-286274-1tb3uha2	87	6	-	-	HYPH
cord-286274-1tb3uha2	87	7	run	run	NN
cord-286274-1tb3uha2	87	8	link	link	NN
cord-286274-1tb3uha2	87	9	between	between	IN
cord-286274-1tb3uha2	87	10	business	business	NN
cord-286274-1tb3uha2	87	11	conditions	condition	NNS
cord-286274-1tb3uha2	87	12	and	and	CC
cord-286274-1tb3uha2	87	13	stock	stock	NN
cord-286274-1tb3uha2	87	14	performance	performance	NN
cord-286274-1tb3uha2	87	15	of	of	IN
cord-286274-1tb3uha2	87	16	tourism	tourism	NN
cord-286274-1tb3uha2	87	17	firms	firm	NNS
cord-286274-1tb3uha2	87	18	.	.	.
cord-286274-1tb3uha2	88	1	Further	further	RB
cord-286274-1tb3uha2	88	2	,	,	,
cord-286274-1tb3uha2	88	3	the	the	DT
cord-286274-1tb3uha2	88	4	improved	improve	VBN
cord-286274-1tb3uha2	88	5	business	business	NN
cord-286274-1tb3uha2	88	6	conditions	condition	NNS
cord-286274-1tb3uha2	88	7	could	could	MD
cord-286274-1tb3uha2	88	8	enhance	enhance	VB
cord-286274-1tb3uha2	88	9	the	the	DT
cord-286274-1tb3uha2	88	10	stock	stock	NN
cord-286274-1tb3uha2	88	11	performance	performance	NN
cord-286274-1tb3uha2	88	12	of	of	IN
cord-286274-1tb3uha2	88	13	tourism	tourism	NN
cord-286274-1tb3uha2	88	14	firms	firm	NNS
cord-286274-1tb3uha2	88	15	and	and	CC
cord-286274-1tb3uha2	88	16	financial	financial	JJ
cord-286274-1tb3uha2	88	17	success	success	NN
cord-286274-1tb3uha2	88	18	of	of	IN
cord-286274-1tb3uha2	88	19	tourism	tourism	NN
cord-286274-1tb3uha2	88	20	firms	firm	NNS
cord-286274-1tb3uha2	88	21	could	could	MD
cord-286274-1tb3uha2	88	22	improve	improve	VB
cord-286274-1tb3uha2	88	23	business	business	NN
cord-286274-1tb3uha2	88	24	development	development	NN
cord-286274-1tb3uha2	88	25	.	.	.
cord-286274-1tb3uha2	89	1	Tang	Tang	NNP
cord-286274-1tb3uha2	89	2	and	and	CC
cord-286274-1tb3uha2	89	3	Jang	Jang	NNP
cord-286274-1tb3uha2	89	4	(	(	-LRB-
cord-286274-1tb3uha2	89	5	2009	2009	CD
cord-286274-1tb3uha2	89	6	)	)	-RRB-
cord-286274-1tb3uha2	89	7	examined	examine	VBD
cord-286274-1tb3uha2	89	8	the	the	DT
cord-286274-1tb3uha2	89	9	cointegration	cointegration	NN
cord-286274-1tb3uha2	89	10	and	and	CC
cord-286274-1tb3uha2	89	11	causality	causality	NN
cord-286274-1tb3uha2	89	12	between	between	IN
cord-286274-1tb3uha2	89	13	sales	sale	NNS
cord-286274-1tb3uha2	89	14	of	of	IN
cord-286274-1tb3uha2	89	15	four	four	CD
cord-286274-1tb3uha2	89	16	tourism	tourism	NN
cord-286274-1tb3uha2	89	17	-	-	HYPH
cord-286274-1tb3uha2	89	18	related	relate	VBN
cord-286274-1tb3uha2	89	19	industries	industry	NNS
cord-286274-1tb3uha2	89	20	(	(	-LRB-
cord-286274-1tb3uha2	89	21	airlines	airline	NNS
cord-286274-1tb3uha2	89	22	,	,	,
cord-286274-1tb3uha2	89	23	casinos	casino	NNS
cord-286274-1tb3uha2	89	24	,	,	,
cord-286274-1tb3uha2	89	25	hotels	hotel	NNS
cord-286274-1tb3uha2	89	26	,	,	,
cord-286274-1tb3uha2	89	27	and	and	CC
cord-286274-1tb3uha2	89	28	restaurants	restaurant	NNS
cord-286274-1tb3uha2	89	29	)	)	-RRB-
cord-286274-1tb3uha2	89	30	and	and	CC
cord-286274-1tb3uha2	89	31	economic	economic	JJ
cord-286274-1tb3uha2	89	32	growth	growth	NN
cord-286274-1tb3uha2	89	33	in	in	IN
cord-286274-1tb3uha2	89	34	the	the	DT
cord-286274-1tb3uha2	89	35	U.S.	U.S.	NNP
cord-286274-1tb3uha2	89	36	Test	test	NN
cord-286274-1tb3uha2	89	37	results	result	NNS
cord-286274-1tb3uha2	90	1	indicated	indicate	VBD
cord-286274-1tb3uha2	90	2	no	no	DT
cord-286274-1tb3uha2	90	3	cointegration	cointegration	NN
cord-286274-1tb3uha2	90	4	between	between	IN
cord-286274-1tb3uha2	90	5	GDP	gdp	NN
cord-286274-1tb3uha2	90	6	and	and	CC
cord-286274-1tb3uha2	90	7	sales	sale	NNS
cord-286274-1tb3uha2	90	8	of	of	IN
cord-286274-1tb3uha2	90	9	all	all	DT
cord-286274-1tb3uha2	90	10	four	four	CD
cord-286274-1tb3uha2	90	11	tourism	tourism	NN
cord-286274-1tb3uha2	90	12	industries	industry	NNS
cord-286274-1tb3uha2	90	13	,	,	,
cord-286274-1tb3uha2	90	14	i.e.	i.e.	FW
cord-286274-1tb3uha2	90	15	there	there	EX
cord-286274-1tb3uha2	90	16	was	be	VBD
cord-286274-1tb3uha2	90	17	no	no	DT
cord-286274-1tb3uha2	90	18	long	long	JJ
cord-286274-1tb3uha2	90	19	-	-	HYPH
cord-286274-1tb3uha2	90	20	run	run	NN
cord-286274-1tb3uha2	90	21	link	link	NN
cord-286274-1tb3uha2	90	22	between	between	IN
cord-286274-1tb3uha2	90	23	GDP	gdp	NN
cord-286274-1tb3uha2	90	24	and	and	CC
cord-286274-1tb3uha2	90	25	industry	industry	NN
cord-286274-1tb3uha2	90	26	sales	sale	NNS
cord-286274-1tb3uha2	90	27	.	.	.
cord-286274-1tb3uha2	91	1	However	however	RB
cord-286274-1tb3uha2	91	2	,	,	,
cord-286274-1tb3uha2	91	3	GDP	GDP	NNP
cord-286274-1tb3uha2	91	4	growth	growth	NN
cord-286274-1tb3uha2	91	5	could	could	MD
cord-286274-1tb3uha2	91	6	lead	lead	VB
cord-286274-1tb3uha2	91	7	to	to	IN
cord-286274-1tb3uha2	91	8	sales	sale	NNS
cord-286274-1tb3uha2	91	9	growth	growth	NN
cord-286274-1tb3uha2	91	10	of	of	IN
cord-286274-1tb3uha2	91	11	all	all	DT
cord-286274-1tb3uha2	91	12	four	four	CD
cord-286274-1tb3uha2	91	13	industries	industry	NNS
cord-286274-1tb3uha2	91	14	and	and	CC
cord-286274-1tb3uha2	91	15	industry	industry	NN
cord-286274-1tb3uha2	91	16	sales	sale	NNS
cord-286274-1tb3uha2	91	17	failed	fail	VBD
cord-286274-1tb3uha2	91	18	to	to	TO
cord-286274-1tb3uha2	91	19	cause	cause	VB
cord-286274-1tb3uha2	91	20	GDP	GDP	NNP
cord-286274-1tb3uha2	91	21	growth	growth	NN
cord-286274-1tb3uha2	91	22	in	in	IN
cord-286274-1tb3uha2	91	23	the	the	DT
cord-286274-1tb3uha2	91	24	short	short	JJ
cord-286274-1tb3uha2	91	25	run	run	NN
cord-286274-1tb3uha2	91	26	.	.	.
cord-286274-1tb3uha2	92	1	While	while	IN
cord-286274-1tb3uha2	92	2	the	the	DT
cord-286274-1tb3uha2	92	3	development	development	NN
cord-286274-1tb3uha2	92	4	of	of	IN
cord-286274-1tb3uha2	92	5	tourism	tourism	NN
cord-286274-1tb3uha2	92	6	industry	industry	NN
cord-286274-1tb3uha2	92	7	is	be	VBZ
cord-286274-1tb3uha2	92	8	expected	expect	VBN
cord-286274-1tb3uha2	92	9	to	to	TO
cord-286274-1tb3uha2	92	10	have	have	VB
cord-286274-1tb3uha2	92	11	a	a	DT
cord-286274-1tb3uha2	92	12	directly	directly	RB
cord-286274-1tb3uha2	92	13	beneficial	beneficial	JJ
cord-286274-1tb3uha2	92	14	impact	impact	NN
cord-286274-1tb3uha2	92	15	on	on	IN
cord-286274-1tb3uha2	92	16	hotels	hotel	NNS
cord-286274-1tb3uha2	92	17	,	,	,
cord-286274-1tb3uha2	92	18	it	-PRON-	PRP
cord-286274-1tb3uha2	92	19	can	can	MD
cord-286274-1tb3uha2	92	20	affect	affect	VB
cord-286274-1tb3uha2	92	21	the	the	DT
cord-286274-1tb3uha2	92	22	hotel	hotel	NN
cord-286274-1tb3uha2	92	23	industry	industry	NN
cord-286274-1tb3uha2	92	24	via	via	IN
cord-286274-1tb3uha2	92	25	its	-PRON-	PRP$
cord-286274-1tb3uha2	92	26	ability	ability	NN
cord-286274-1tb3uha2	92	27	to	to	TO
cord-286274-1tb3uha2	92	28	enhance	enhance	VB
cord-286274-1tb3uha2	92	29	the	the	DT
cord-286274-1tb3uha2	92	30	state	state	NN
cord-286274-1tb3uha2	92	31	of	of	IN
cord-286274-1tb3uha2	92	32	economy	economy	NN
cord-286274-1tb3uha2	92	33	,	,	,
cord-286274-1tb3uha2	92	34	thus	thus	RB
cord-286274-1tb3uha2	92	35	strengthening	strengthen	VBG
cord-286274-1tb3uha2	92	36	the	the	DT
cord-286274-1tb3uha2	92	37	corporate	corporate	JJ
cord-286274-1tb3uha2	92	38	performance	performance	NN
cord-286274-1tb3uha2	92	39	of	of	IN
cord-286274-1tb3uha2	92	40	hotels	hotel	NNS
cord-286274-1tb3uha2	92	41	.	.	.
cord-286274-1tb3uha2	93	1	Empirical	empirical	JJ
cord-286274-1tb3uha2	93	2	studies	study	NNS
cord-286274-1tb3uha2	93	3	supported	support	VBD
cord-286274-1tb3uha2	93	4	that	that	IN
cord-286274-1tb3uha2	93	5	tourism	tourism	NN
cord-286274-1tb3uha2	93	6	expansion	expansion	NN
cord-286274-1tb3uha2	93	7	can	can	MD
cord-286274-1tb3uha2	93	8	improve	improve	VB
cord-286274-1tb3uha2	93	9	economic	economic	JJ
cord-286274-1tb3uha2	93	10	condition	condition	NN
cord-286274-1tb3uha2	93	11	(	(	-LRB-
cord-286274-1tb3uha2	93	12	Balaguer	Balaguer	NNP
cord-286274-1tb3uha2	93	13	&	&	CC
cord-286274-1tb3uha2	93	14	Cantavella	Cantavella	NNP
cord-286274-1tb3uha2	93	15	-	-	HYPH
cord-286274-1tb3uha2	93	16	Jorda	Jorda	NNP
cord-286274-1tb3uha2	93	17	,	,	,
cord-286274-1tb3uha2	93	18	2002	2002	CD
cord-286274-1tb3uha2	93	19	;	;	:
cord-286274-1tb3uha2	93	20	Dritsakis	Dritsakis	NNP
cord-286274-1tb3uha2	93	21	,	,	,
cord-286274-1tb3uha2	93	22	2004	2004	CD
cord-286274-1tb3uha2	93	23	;	;	:
cord-286274-1tb3uha2	93	24	Gunduz	Gunduz	NNP
cord-286274-1tb3uha2	93	25	&	&	CC
cord-286274-1tb3uha2	93	26	Hatemi	Hatemi	NNP
cord-286274-1tb3uha2	93	27	-	-	HYPH
cord-286274-1tb3uha2	93	28	J	J	NNP
cord-286274-1tb3uha2	93	29	,	,	,
cord-286274-1tb3uha2	93	30	2005	2005	CD
cord-286274-1tb3uha2	93	31	;	;	:
cord-286274-1tb3uha2	93	32	Kim	Kim	NNP
cord-286274-1tb3uha2	93	33	et	et	NNP
cord-286274-1tb3uha2	93	34	al	al	NNP
cord-286274-1tb3uha2	93	35	.	.	NNP
cord-286274-1tb3uha2	93	36	,	,	,
cord-286274-1tb3uha2	93	37	2006	2006	CD
cord-286274-1tb3uha2	93	38	)	)	-RRB-
cord-286274-1tb3uha2	93	39	.	.	.
cord-286274-1tb3uha2	94	1	Balaguer	Balaguer	NNP
cord-286274-1tb3uha2	94	2	and	and	CC
cord-286274-1tb3uha2	94	3	Cantavella	Cantavella	NNP
cord-286274-1tb3uha2	94	4	-	-	HYPH
cord-286274-1tb3uha2	94	5	Jorda	Jorda	NNP
cord-286274-1tb3uha2	94	6	(	(	-LRB-
cord-286274-1tb3uha2	94	7	2002	2002	CD
cord-286274-1tb3uha2	94	8	)	)	-RRB-
cord-286274-1tb3uha2	94	9	proposed	propose	VBD
cord-286274-1tb3uha2	94	10	a	a	DT
cord-286274-1tb3uha2	94	11	tourism	tourism	NN
cord-286274-1tb3uha2	94	12	-	-	HYPH
cord-286274-1tb3uha2	94	13	led	lead	VBN
cord-286274-1tb3uha2	94	14	growth	growth	NN
cord-286274-1tb3uha2	94	15	hypothesis	hypothesis	NN
cord-286274-1tb3uha2	94	16	that	that	IN
cord-286274-1tb3uha2	94	17	tourism	tourism	NN
cord-286274-1tb3uha2	94	18	expansion	expansion	NN
cord-286274-1tb3uha2	94	19	was	be	VBD
cord-286274-1tb3uha2	94	20	a	a	DT
cord-286274-1tb3uha2	94	21	significant	significant	JJ
cord-286274-1tb3uha2	94	22	factor	factor	NN
cord-286274-1tb3uha2	94	23	in	in	IN
cord-286274-1tb3uha2	94	24	the	the	DT
cord-286274-1tb3uha2	94	25	development	development	NN
cord-286274-1tb3uha2	94	26	of	of	IN
cord-286274-1tb3uha2	94	27	the	the	DT
cord-286274-1tb3uha2	94	28	Spanish	spanish	JJ
cord-286274-1tb3uha2	94	29	economy	economy	NN
cord-286274-1tb3uha2	94	30	.	.	.
cord-286274-1tb3uha2	95	1	Empirical	empirical	JJ
cord-286274-1tb3uha2	95	2	results	result	NNS
cord-286274-1tb3uha2	95	3	based	base	VBN
cord-286274-1tb3uha2	95	4	on	on	IN
cord-286274-1tb3uha2	95	5	cointegration	cointegration	NN
cord-286274-1tb3uha2	95	6	and	and	CC
cord-286274-1tb3uha2	95	7	causality	causality	NN
cord-286274-1tb3uha2	95	8	tests	test	NNS
cord-286274-1tb3uha2	95	9	supported	support	VBD
cord-286274-1tb3uha2	95	10	the	the	DT
cord-286274-1tb3uha2	95	11	hypothesis	hypothesis	NN
cord-286274-1tb3uha2	95	12	.	.	.
cord-286274-1tb3uha2	96	1	Cointegration	cointegration	NN
cord-286274-1tb3uha2	96	2	tests	test	NNS
cord-286274-1tb3uha2	96	3	revealed	reveal	VBD
cord-286274-1tb3uha2	96	4	a	a	DT
cord-286274-1tb3uha2	96	5	long	long	JJ
cord-286274-1tb3uha2	96	6	-	-	HYPH
cord-286274-1tb3uha2	96	7	term	term	NN
cord-286274-1tb3uha2	96	8	relationship	relationship	NN
cord-286274-1tb3uha2	96	9	between	between	IN
cord-286274-1tb3uha2	96	10	tourism	tourism	NN
cord-286274-1tb3uha2	96	11	receipts	receipt	NNS
cord-286274-1tb3uha2	96	12	and	and	CC
cord-286274-1tb3uha2	96	13	gross	gross	JJ
cord-286274-1tb3uha2	96	14	domestic	domestic	JJ
cord-286274-1tb3uha2	96	15	product	product	NN
cord-286274-1tb3uha2	96	16	,	,	,
cord-286274-1tb3uha2	96	17	and	and	CC
cord-286274-1tb3uha2	96	18	causality	causality	NN
cord-286274-1tb3uha2	96	19	test	test	NN
cord-286274-1tb3uha2	96	20	results	result	NNS
cord-286274-1tb3uha2	96	21	indicated	indicate	VBD
cord-286274-1tb3uha2	96	22	that	that	IN
cord-286274-1tb3uha2	96	23	tourism	tourism	NN
cord-286274-1tb3uha2	96	24	expansion	expansion	NN
cord-286274-1tb3uha2	96	25	can	can	MD
cord-286274-1tb3uha2	96	26	cause	cause	VB
cord-286274-1tb3uha2	96	27	economic	economic	JJ
cord-286274-1tb3uha2	96	28	development	development	NN
cord-286274-1tb3uha2	96	29	.	.	.
cord-286274-1tb3uha2	97	1	Dritsakis	Dritsakis	NNP
cord-286274-1tb3uha2	97	2	(	(	-LRB-
cord-286274-1tb3uha2	97	3	2004	2004	CD
cord-286274-1tb3uha2	97	4	)	)	-RRB-
cord-286274-1tb3uha2	97	5	examined	examine	VBD
cord-286274-1tb3uha2	97	6	whether	whether	IN
cord-286274-1tb3uha2	97	7	tourism	tourism	NN
cord-286274-1tb3uha2	97	8	could	could	MD
cord-286274-1tb3uha2	97	9	serve	serve	VB
cord-286274-1tb3uha2	97	10	as	as	IN
cord-286274-1tb3uha2	97	11	a	a	DT
cord-286274-1tb3uha2	97	12	long	long	JJ
cord-286274-1tb3uha2	97	13	-	-	HYPH
cord-286274-1tb3uha2	97	14	term	term	NN
cord-286274-1tb3uha2	97	15	economic	economic	JJ
cord-286274-1tb3uha2	97	16	growth	growth	NN
cord-286274-1tb3uha2	97	17	factor	factor	NN
cord-286274-1tb3uha2	97	18	in	in	IN
cord-286274-1tb3uha2	97	19	Greece	Greece	NNP
cord-286274-1tb3uha2	97	20	.	.	.
cord-286274-1tb3uha2	98	1	Such	such	PDT
cord-286274-1tb3uha2	98	2	a	a	DT
cord-286274-1tb3uha2	98	3	relationship	relationship	NN
cord-286274-1tb3uha2	98	4	between	between	IN
cord-286274-1tb3uha2	98	5	tourism	tourism	NN
cord-286274-1tb3uha2	98	6	receipts	receipt	NNS
cord-286274-1tb3uha2	98	7	and	and	CC
cord-286274-1tb3uha2	98	8	GDP	GDP	NNP
cord-286274-1tb3uha2	98	9	was	be	VBD
cord-286274-1tb3uha2	98	10	detected	detect	VBN
cord-286274-1tb3uha2	98	11	.	.	.
cord-286274-1tb3uha2	99	1	Moreover	moreover	RB
cord-286274-1tb3uha2	99	2	,	,	,
cord-286274-1tb3uha2	99	3	there	there	EX
cord-286274-1tb3uha2	99	4	was	be	VBD
cord-286274-1tb3uha2	99	5	a	a	DT
cord-286274-1tb3uha2	99	6	bi	bi	JJ
cord-286274-1tb3uha2	99	7	-	-	JJ
cord-286274-1tb3uha2	99	8	directional	directional	JJ
cord-286274-1tb3uha2	99	9	causality	causality	NN
cord-286274-1tb3uha2	99	10	between	between	IN
cord-286274-1tb3uha2	99	11	growth	growth	NN
cord-286274-1tb3uha2	99	12	in	in	IN
cord-286274-1tb3uha2	99	13	gross	gross	JJ
cord-286274-1tb3uha2	99	14	domestic	domestic	JJ
cord-286274-1tb3uha2	99	15	product	product	NN
cord-286274-1tb3uha2	99	16	and	and	CC
cord-286274-1tb3uha2	99	17	tourism	tourism	NN
cord-286274-1tb3uha2	99	18	receipts	receipt	NNS
cord-286274-1tb3uha2	99	19	.	.	.
cord-286274-1tb3uha2	100	1	In	in	IN
cord-286274-1tb3uha2	100	2	other	other	JJ
cord-286274-1tb3uha2	100	3	words	word	NNS
cord-286274-1tb3uha2	100	4	,	,	,
cord-286274-1tb3uha2	100	5	growth	growth	NN
cord-286274-1tb3uha2	100	6	in	in	IN
cord-286274-1tb3uha2	100	7	tourism	tourism	NN
cord-286274-1tb3uha2	100	8	receipts	receipt	NNS
cord-286274-1tb3uha2	100	9	and	and	CC
cord-286274-1tb3uha2	100	10	GDP	GDP	NNP
cord-286274-1tb3uha2	100	11	growth	growth	NN
cord-286274-1tb3uha2	100	12	could	could	MD
cord-286274-1tb3uha2	100	13	promote	promote	VB
cord-286274-1tb3uha2	100	14	each	each	DT
cord-286274-1tb3uha2	100	15	other	other	JJ
cord-286274-1tb3uha2	100	16	.	.	.
cord-286274-1tb3uha2	101	1	Gunduz	Gunduz	NNP
cord-286274-1tb3uha2	101	2	and	and	CC
cord-286274-1tb3uha2	101	3	Hatemi	Hatemi	NNP
cord-286274-1tb3uha2	101	4	-	-	HYPH
cord-286274-1tb3uha2	101	5	J	J	NNP
cord-286274-1tb3uha2	101	6	(	(	-LRB-
cord-286274-1tb3uha2	101	7	2005	2005	CD
cord-286274-1tb3uha2	101	8	)	)	-RRB-
cord-286274-1tb3uha2	101	9	stated	state	VBD
cord-286274-1tb3uha2	101	10	that	that	IN
cord-286274-1tb3uha2	101	11	Turkey	Turkey	NNP
cord-286274-1tb3uha2	101	12	,	,	,
cord-286274-1tb3uha2	101	13	like	like	IN
cord-286274-1tb3uha2	101	14	many	many	JJ
cord-286274-1tb3uha2	101	15	developing	develop	VBG
cord-286274-1tb3uha2	101	16	countries	country	NNS
cord-286274-1tb3uha2	101	17	,	,	,
cord-286274-1tb3uha2	101	18	gave	give	VBD
cord-286274-1tb3uha2	101	19	priority	priority	NN
cord-286274-1tb3uha2	101	20	to	to	IN
cord-286274-1tb3uha2	101	21	tourism	tourism	NN
cord-286274-1tb3uha2	101	22	as	as	IN
cord-286274-1tb3uha2	101	23	a	a	DT
cord-286274-1tb3uha2	101	24	part	part	NN
cord-286274-1tb3uha2	101	25	of	of	IN
cord-286274-1tb3uha2	101	26	its	-PRON-	PRP$
cord-286274-1tb3uha2	101	27	economic	economic	JJ
cord-286274-1tb3uha2	101	28	growth	growth	NN
cord-286274-1tb3uha2	101	29	strategy	strategy	NN
cord-286274-1tb3uha2	101	30	.	.	.
cord-286274-1tb3uha2	102	1	They	-PRON-	PRP
cord-286274-1tb3uha2	102	2	tested	test	VBD
cord-286274-1tb3uha2	102	3	the	the	DT
cord-286274-1tb3uha2	102	4	tourism	tourism	NN
cord-286274-1tb3uha2	102	5	-	-	HYPH
cord-286274-1tb3uha2	102	6	led	lead	VBN
cord-286274-1tb3uha2	102	7	growth	growth	NN
cord-286274-1tb3uha2	102	8	hypothesis	hypothesis	NN
cord-286274-1tb3uha2	102	9	by	by	IN
cord-286274-1tb3uha2	102	10	examining	examine	VBG
cord-286274-1tb3uha2	102	11	whether	whether	IN
cord-286274-1tb3uha2	102	12	tourism	tourism	NN
cord-286274-1tb3uha2	102	13	expansion	expansion	NN
cord-286274-1tb3uha2	102	14	had	have	VBD
cord-286274-1tb3uha2	102	15	contributed	contribute	VBN
cord-286274-1tb3uha2	102	16	to	to	IN
cord-286274-1tb3uha2	102	17	Turkey	Turkey	NNP
cord-286274-1tb3uha2	102	18	's	's	POS
cord-286274-1tb3uha2	102	19	economic	economic	JJ
cord-286274-1tb3uha2	102	20	growth	growth	NN
cord-286274-1tb3uha2	102	21	.	.	.
cord-286274-1tb3uha2	103	1	Test	test	NN
cord-286274-1tb3uha2	103	2	results	result	NNS
cord-286274-1tb3uha2	103	3	showed	show	VBD
cord-286274-1tb3uha2	103	4	that	that	IN
cord-286274-1tb3uha2	103	5	tourism	tourism	NN
cord-286274-1tb3uha2	103	6	development	development	NN
cord-286274-1tb3uha2	103	7	could	could	MD
cord-286274-1tb3uha2	103	8	lead	lead	VB
cord-286274-1tb3uha2	103	9	to	to	IN
cord-286274-1tb3uha2	103	10	economic	economic	JJ
cord-286274-1tb3uha2	103	11	growth	growth	NN
cord-286274-1tb3uha2	103	12	and	and	CC
cord-286274-1tb3uha2	103	13	thus	thus	RB
cord-286274-1tb3uha2	103	14	validated	validate	VBD
cord-286274-1tb3uha2	103	15	the	the	DT
cord-286274-1tb3uha2	103	16	applicability	applicability	NN
cord-286274-1tb3uha2	103	17	of	of	IN
cord-286274-1tb3uha2	103	18	the	the	DT
cord-286274-1tb3uha2	103	19	tourism	tourism	NN
cord-286274-1tb3uha2	103	20	-	-	HYPH
cord-286274-1tb3uha2	103	21	led	lead	VBN
cord-286274-1tb3uha2	103	22	growth	growth	NN
cord-286274-1tb3uha2	103	23	hypothesis	hypothesis	NN
cord-286274-1tb3uha2	103	24	to	to	IN
cord-286274-1tb3uha2	103	25	Turkey	Turkey	NNP
cord-286274-1tb3uha2	103	26	.	.	.
cord-286274-1tb3uha2	104	1	Kim	Kim	NNP
cord-286274-1tb3uha2	104	2	et	et	NNP
cord-286274-1tb3uha2	104	3	al	al	NNP
cord-286274-1tb3uha2	104	4	.	.	.
cord-286274-1tb3uha2	105	1	(	(	-LRB-
cord-286274-1tb3uha2	105	2	2006	2006	CD
cord-286274-1tb3uha2	105	3	)	)	-RRB-
cord-286274-1tb3uha2	105	4	studied	study	VBD
cord-286274-1tb3uha2	105	5	the	the	DT
cord-286274-1tb3uha2	105	6	causal	causal	JJ
cord-286274-1tb3uha2	105	7	relationship	relationship	NN
cord-286274-1tb3uha2	105	8	between	between	IN
cord-286274-1tb3uha2	105	9	tourism	tourism	NN
cord-286274-1tb3uha2	105	10	expansion	expansion	NN
cord-286274-1tb3uha2	105	11	(	(	-LRB-
cord-286274-1tb3uha2	105	12	proxied	proxie	VBN
cord-286274-1tb3uha2	105	13	by	by	IN
cord-286274-1tb3uha2	105	14	growth	growth	NN
cord-286274-1tb3uha2	105	15	in	in	IN
cord-286274-1tb3uha2	105	16	the	the	DT
cord-286274-1tb3uha2	105	17	number	number	NN
cord-286274-1tb3uha2	105	18	of	of	IN
cord-286274-1tb3uha2	105	19	total	total	JJ
cord-286274-1tb3uha2	105	20	foreign	foreign	JJ
cord-286274-1tb3uha2	105	21	tourist	tourist	NN
cord-286274-1tb3uha2	105	22	arrivals	arrival	NNS
cord-286274-1tb3uha2	105	23	)	)	-RRB-
cord-286274-1tb3uha2	105	24	and	and	CC
cord-286274-1tb3uha2	105	25	economic	economic	JJ
cord-286274-1tb3uha2	105	26	growth	growth	NN
cord-286274-1tb3uha2	105	27	(	(	-LRB-
cord-286274-1tb3uha2	105	28	GDP	GDP	NNP
cord-286274-1tb3uha2	105	29	growth	growth	NN
cord-286274-1tb3uha2	105	30	)	)	-RRB-
cord-286274-1tb3uha2	105	31	in	in	IN
cord-286274-1tb3uha2	105	32	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	105	33	.	.	.
cord-286274-1tb3uha2	106	1	The	the	DT
cord-286274-1tb3uha2	106	2	results	result	NNS
cord-286274-1tb3uha2	106	3	based	base	VBN
cord-286274-1tb3uha2	106	4	on	on	IN
cord-286274-1tb3uha2	106	5	cointegration	cointegration	NN
cord-286274-1tb3uha2	106	6	and	and	CC
cord-286274-1tb3uha2	106	7	causality	causality	NN
cord-286274-1tb3uha2	106	8	tests	test	NNS
cord-286274-1tb3uha2	106	9	illustrated	illustrate	VBD
cord-286274-1tb3uha2	106	10	a	a	DT
cord-286274-1tb3uha2	106	11	long	long	RB
cord-286274-1tb3uha2	106	12	-	-	HYPH
cord-286274-1tb3uha2	106	13	run	run	NN
cord-286274-1tb3uha2	106	14	equilibrium	equilibrium	NN
cord-286274-1tb3uha2	106	15	link	link	NN
cord-286274-1tb3uha2	106	16	and	and	CC
cord-286274-1tb3uha2	106	17	a	a	DT
cord-286274-1tb3uha2	106	18	bi	bi	JJ
cord-286274-1tb3uha2	106	19	-	-	JJ
cord-286274-1tb3uha2	106	20	directional	directional	JJ
cord-286274-1tb3uha2	106	21	causality	causality	NN
cord-286274-1tb3uha2	106	22	between	between	IN
cord-286274-1tb3uha2	106	23	the	the	DT
cord-286274-1tb3uha2	106	24	two	two	CD
cord-286274-1tb3uha2	106	25	factors	factor	NNS
cord-286274-1tb3uha2	106	26	.	.	.
cord-286274-1tb3uha2	107	1	In	in	IN
cord-286274-1tb3uha2	107	2	other	other	JJ
cord-286274-1tb3uha2	107	3	words	word	NNS
cord-286274-1tb3uha2	107	4	,	,	,
cord-286274-1tb3uha2	107	5	an	an	DT
cord-286274-1tb3uha2	107	6	expanding	expand	VBG
cord-286274-1tb3uha2	107	7	economy	economy	NN
cord-286274-1tb3uha2	107	8	could	could	MD
cord-286274-1tb3uha2	107	9	lead	lead	VB
cord-286274-1tb3uha2	107	10	to	to	IN
cord-286274-1tb3uha2	107	11	the	the	DT
cord-286274-1tb3uha2	107	12	expansion	expansion	NN
cord-286274-1tb3uha2	107	13	of	of	IN
cord-286274-1tb3uha2	107	14	tourism	tourism	NN
cord-286274-1tb3uha2	107	15	while	while	IN
cord-286274-1tb3uha2	107	16	the	the	DT
cord-286274-1tb3uha2	107	17	increase	increase	NN
cord-286274-1tb3uha2	107	18	in	in	IN
cord-286274-1tb3uha2	107	19	the	the	DT
cord-286274-1tb3uha2	107	20	number	number	NN
cord-286274-1tb3uha2	107	21	of	of	IN
cord-286274-1tb3uha2	107	22	foreign	foreign	JJ
cord-286274-1tb3uha2	107	23	visitors	visitor	NNS
cord-286274-1tb3uha2	107	24	to	to	IN
cord-286274-1tb3uha2	107	25	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	107	26	could	could	MD
cord-286274-1tb3uha2	107	27	promote	promote	VB
cord-286274-1tb3uha2	107	28	economic	economic	JJ
cord-286274-1tb3uha2	107	29	growth	growth	NN
cord-286274-1tb3uha2	107	30	.	.	.
cord-286274-1tb3uha2	108	1	Similarly	similarly	RB
cord-286274-1tb3uha2	108	2	,	,	,
cord-286274-1tb3uha2	108	3	the	the	DT
cord-286274-1tb3uha2	108	4	spending	spending	NN
cord-286274-1tb3uha2	108	5	of	of	IN
cord-286274-1tb3uha2	108	6	international	international	JJ
cord-286274-1tb3uha2	108	7	tourists	tourist	NNS
cord-286274-1tb3uha2	108	8	had	have	VBD
cord-286274-1tb3uha2	108	9	a	a	DT
cord-286274-1tb3uha2	108	10	positive	positive	JJ
cord-286274-1tb3uha2	108	11	impact	impact	NN
cord-286274-1tb3uha2	108	12	on	on	IN
cord-286274-1tb3uha2	108	13	the	the	DT
cord-286274-1tb3uha2	108	14	economic	economic	JJ
cord-286274-1tb3uha2	108	15	growth	growth	NN
cord-286274-1tb3uha2	108	16	of	of	IN
cord-286274-1tb3uha2	108	17	African	african	JJ
cord-286274-1tb3uha2	108	18	countries	country	NNS
cord-286274-1tb3uha2	108	19	(	(	-LRB-
cord-286274-1tb3uha2	108	20	Fayissa	Fayissa	NNP
cord-286274-1tb3uha2	108	21	et	et	FW
cord-286274-1tb3uha2	108	22	al	al	NNP
cord-286274-1tb3uha2	108	23	.	.	NNP
cord-286274-1tb3uha2	108	24	,	,	,
cord-286274-1tb3uha2	108	25	2008	2008	CD
cord-286274-1tb3uha2	108	26	)	)	-RRB-
cord-286274-1tb3uha2	108	27	and	and	CC
cord-286274-1tb3uha2	108	28	tourism	tourism	NN
cord-286274-1tb3uha2	108	29	contributed	contribute	VBD
cord-286274-1tb3uha2	108	30	significantly	significantly	RB
cord-286274-1tb3uha2	108	31	to	to	IN
cord-286274-1tb3uha2	108	32	the	the	DT
cord-286274-1tb3uha2	108	33	improvement	improvement	NN
cord-286274-1tb3uha2	108	34	of	of	IN
cord-286274-1tb3uha2	108	35	the	the	DT
cord-286274-1tb3uha2	108	36	standard	standard	NN
cord-286274-1tb3uha2	108	37	of	of	IN
cord-286274-1tb3uha2	108	38	living	live	VBG
cord-286274-1tb3uha2	108	39	in	in	IN
cord-286274-1tb3uha2	108	40	four	four	CD
cord-286274-1tb3uha2	108	41	Southern	southern	JJ
cord-286274-1tb3uha2	108	42	European	european	JJ
cord-286274-1tb3uha2	108	43	countries	country	NNS
cord-286274-1tb3uha2	108	44	(	(	-LRB-
cord-286274-1tb3uha2	108	45	Greece	Greece	NNP
cord-286274-1tb3uha2	108	46	,	,	,
cord-286274-1tb3uha2	108	47	Italy	Italy	NNP
cord-286274-1tb3uha2	108	48	,	,	,
cord-286274-1tb3uha2	108	49	Portugal	Portugal	NNP
cord-286274-1tb3uha2	108	50	and	and	CC
cord-286274-1tb3uha2	108	51	Spain	Spain	NNP
cord-286274-1tb3uha2	108	52	)	)	-RRB-
cord-286274-1tb3uha2	108	53	(	(	-LRB-
cord-286274-1tb3uha2	108	54	Proenca	Proenca	NNP
cord-286274-1tb3uha2	108	55	&	&	CC
cord-286274-1tb3uha2	108	56	Soukiazis	Soukiazis	NNP
cord-286274-1tb3uha2	108	57	,	,	,
cord-286274-1tb3uha2	108	58	2008	2008	CD
cord-286274-1tb3uha2	108	59	)	)	-RRB-
cord-286274-1tb3uha2	108	60	.	.	.
cord-286274-1tb3uha2	109	1	Lee	Lee	NNP
cord-286274-1tb3uha2	109	2	and	and	CC
cord-286274-1tb3uha2	109	3	Chang	Chang	NNP
cord-286274-1tb3uha2	109	4	(	(	-LRB-
cord-286274-1tb3uha2	109	5	2008	2008	CD
cord-286274-1tb3uha2	109	6	)	)	-RRB-
cord-286274-1tb3uha2	109	7	re	re	NNS
cord-286274-1tb3uha2	109	8	-	-	VBN
cord-286274-1tb3uha2	109	9	examined	examine	VBD
cord-286274-1tb3uha2	109	10	the	the	DT
cord-286274-1tb3uha2	109	11	long	long	JJ
cord-286274-1tb3uha2	109	12	-	-	HYPH
cord-286274-1tb3uha2	109	13	run	run	NN
cord-286274-1tb3uha2	109	14	comovements	comovement	NNS
cord-286274-1tb3uha2	109	15	and	and	CC
cord-286274-1tb3uha2	109	16	causal	causal	JJ
cord-286274-1tb3uha2	109	17	links	link	NNS
cord-286274-1tb3uha2	109	18	between	between	IN
cord-286274-1tb3uha2	109	19	tourism	tourism	NN
cord-286274-1tb3uha2	109	20	development	development	NN
cord-286274-1tb3uha2	109	21	and	and	CC
cord-286274-1tb3uha2	109	22	economic	economic	JJ
cord-286274-1tb3uha2	109	23	growth	growth	NN
cord-286274-1tb3uha2	109	24	for	for	IN
cord-286274-1tb3uha2	109	25	OECD	OECD	NNP
cord-286274-1tb3uha2	109	26	and	and	CC
cord-286274-1tb3uha2	109	27	non	non	NNP
cord-286274-1tb3uha2	109	28	-	-	JJ
cord-286274-1tb3uha2	109	29	OECD	oecd	JJ
cord-286274-1tb3uha2	109	30	countries	country	NNS
cord-286274-1tb3uha2	109	31	(	(	-LRB-
cord-286274-1tb3uha2	109	32	including	include	VBG
cord-286274-1tb3uha2	109	33	those	those	DT
cord-286274-1tb3uha2	109	34	in	in	IN
cord-286274-1tb3uha2	109	35	Asia	Asia	NNP
cord-286274-1tb3uha2	109	36	,	,	,
cord-286274-1tb3uha2	109	37	Latin	Latin	NNP
cord-286274-1tb3uha2	109	38	America	America	NNP
cord-286274-1tb3uha2	109	39	and	and	CC
cord-286274-1tb3uha2	109	40	Sub	Sub	NNP
cord-286274-1tb3uha2	109	41	-	-	HYPH
cord-286274-1tb3uha2	109	42	Saharan	Saharan	NNP
cord-286274-1tb3uha2	109	43	Africa	Africa	NNP
cord-286274-1tb3uha2	109	44	)	)	-RRB-
cord-286274-1tb3uha2	109	45	using	use	VBG
cord-286274-1tb3uha2	109	46	a	a	DT
cord-286274-1tb3uha2	109	47	heterogeneous	heterogeneous	JJ
cord-286274-1tb3uha2	109	48	panel	panel	NN
cord-286274-1tb3uha2	109	49	cointegration	cointegration	NN
cord-286274-1tb3uha2	109	50	technique	technique	NN
cord-286274-1tb3uha2	109	51	.	.	.
cord-286274-1tb3uha2	110	1	They	-PRON-	PRP
cord-286274-1tb3uha2	110	2	found	find	VBD
cord-286274-1tb3uha2	110	3	a	a	DT
cord-286274-1tb3uha2	110	4	cointegrated	cointegrated	JJ
cord-286274-1tb3uha2	110	5	relationship	relationship	NN
cord-286274-1tb3uha2	110	6	between	between	IN
cord-286274-1tb3uha2	110	7	GDP	gdp	NN
cord-286274-1tb3uha2	110	8	and	and	CC
cord-286274-1tb3uha2	110	9	tourism	tourism	NN
cord-286274-1tb3uha2	110	10	development	development	NN
cord-286274-1tb3uha2	110	11	on	on	IN
cord-286274-1tb3uha2	110	12	the	the	DT
cord-286274-1tb3uha2	110	13	global	global	JJ
cord-286274-1tb3uha2	110	14	scale	scale	NN
cord-286274-1tb3uha2	110	15	,	,	,
cord-286274-1tb3uha2	110	16	after	after	IN
cord-286274-1tb3uha2	110	17	allowing	allow	VBG
cord-286274-1tb3uha2	110	18	for	for	IN
cord-286274-1tb3uha2	110	19	the	the	DT
cord-286274-1tb3uha2	110	20	heterogeneous	heterogeneous	JJ
cord-286274-1tb3uha2	110	21	country	country	NN
cord-286274-1tb3uha2	110	22	effect	effect	NN
cord-286274-1tb3uha2	110	23	.	.	.
cord-286274-1tb3uha2	111	1	In	in	IN
cord-286274-1tb3uha2	111	2	addition	addition	NN
cord-286274-1tb3uha2	111	3	,	,	,
cord-286274-1tb3uha2	111	4	tourism	tourism	NN
cord-286274-1tb3uha2	111	5	development	development	NN
cord-286274-1tb3uha2	111	6	exerted	exert	VBD
cord-286274-1tb3uha2	111	7	a	a	DT
cord-286274-1tb3uha2	111	8	greater	great	JJR
cord-286274-1tb3uha2	111	9	effect	effect	NN
cord-286274-1tb3uha2	111	10	on	on	IN
cord-286274-1tb3uha2	111	11	GDP	GDP	NNP
cord-286274-1tb3uha2	111	12	in	in	IN
cord-286274-1tb3uha2	111	13	non	non	JJ
cord-286274-1tb3uha2	111	14	-	-	JJ
cord-286274-1tb3uha2	111	15	OECD	oecd	JJ
cord-286274-1tb3uha2	111	16	countries	country	NNS
cord-286274-1tb3uha2	111	17	than	than	IN
cord-286274-1tb3uha2	111	18	in	in	IN
cord-286274-1tb3uha2	111	19	OECD	OECD	NNP
cord-286274-1tb3uha2	111	20	countries	country	NNS
cord-286274-1tb3uha2	111	21	.	.	.
cord-286274-1tb3uha2	112	1	In	in	IN
cord-286274-1tb3uha2	112	2	the	the	DT
cord-286274-1tb3uha2	112	3	long	long	JJ
cord-286274-1tb3uha2	112	4	run	run	NN
cord-286274-1tb3uha2	112	5	,	,	,
cord-286274-1tb3uha2	112	6	tourism	tourism	NN
cord-286274-1tb3uha2	112	7	development	development	NN
cord-286274-1tb3uha2	112	8	could	could	MD
cord-286274-1tb3uha2	112	9	cause	cause	VB
cord-286274-1tb3uha2	112	10	economic	economic	JJ
cord-286274-1tb3uha2	112	11	growth	growth	NN
cord-286274-1tb3uha2	112	12	in	in	IN
cord-286274-1tb3uha2	112	13	OECD	OECD	NNP
cord-286274-1tb3uha2	112	14	countries	country	NNS
cord-286274-1tb3uha2	112	15	and	and	CC
cord-286274-1tb3uha2	112	16	the	the	DT
cord-286274-1tb3uha2	112	17	two	two	CD
cord-286274-1tb3uha2	112	18	factors	factor	NNS
cord-286274-1tb3uha2	112	19	reinforced	reinforce	VBD
cord-286274-1tb3uha2	112	20	each	each	DT
cord-286274-1tb3uha2	112	21	other	other	JJ
cord-286274-1tb3uha2	112	22	in	in	IN
cord-286274-1tb3uha2	112	23	non	non	JJ
cord-286274-1tb3uha2	112	24	-	-	JJ
cord-286274-1tb3uha2	112	25	OECD	oecd	JJ
cord-286274-1tb3uha2	112	26	countries	country	NNS
cord-286274-1tb3uha2	112	27	.	.	.
cord-286274-1tb3uha2	113	1	In	in	IN
cord-286274-1tb3uha2	113	2	addition	addition	NN
cord-286274-1tb3uha2	113	3	,	,	,
cord-286274-1tb3uha2	113	4	Chen	Chen	NNP
cord-286274-1tb3uha2	113	5	,	,	,
cord-286274-1tb3uha2	113	6	Kim	Kim	NNP
cord-286274-1tb3uha2	113	7	,	,	,
cord-286274-1tb3uha2	113	8	and	and	CC
cord-286274-1tb3uha2	113	9	Liao	Liao	NNP
cord-286274-1tb3uha2	113	10	(	(	-LRB-
cord-286274-1tb3uha2	113	11	2009	2009	CD
cord-286274-1tb3uha2	113	12	)	)	-RRB-
cord-286274-1tb3uha2	113	13	noted	note	VBD
cord-286274-1tb3uha2	113	14	that	that	IN
cord-286274-1tb3uha2	113	15	the	the	DT
cord-286274-1tb3uha2	113	16	tourism	tourism	NN
cord-286274-1tb3uha2	113	17	industry	industry	NN
cord-286274-1tb3uha2	113	18	has	have	VBZ
cord-286274-1tb3uha2	113	19	experienced	experience	VBN
cord-286274-1tb3uha2	113	20	a	a	DT
cord-286274-1tb3uha2	113	21	significant	significant	JJ
cord-286274-1tb3uha2	113	22	growth	growth	NN
cord-286274-1tb3uha2	113	23	since	since	IN
cord-286274-1tb3uha2	113	24	the	the	DT
cord-286274-1tb3uha2	113	25	Taiwanese	taiwanese	JJ
cord-286274-1tb3uha2	113	26	government	government	NN
cord-286274-1tb3uha2	113	27	changed	change	VBD
cord-286274-1tb3uha2	113	28	the	the	DT
cord-286274-1tb3uha2	113	29	weekend	weekend	NN
cord-286274-1tb3uha2	113	30	policy	policy	NN
cord-286274-1tb3uha2	113	31	in	in	IN
cord-286274-1tb3uha2	113	32	2001	2001	CD
cord-286274-1tb3uha2	113	33	and	and	CC
cord-286274-1tb3uha2	113	34	foreign	foreign	JJ
cord-286274-1tb3uha2	113	35	institutional	institutional	JJ
cord-286274-1tb3uha2	113	36	holdings	holding	NNS
cord-286274-1tb3uha2	113	37	on	on	IN
cord-286274-1tb3uha2	113	38	stocks	stock	NNS
cord-286274-1tb3uha2	113	39	of	of	IN
cord-286274-1tb3uha2	113	40	tourism	tourism	NN
cord-286274-1tb3uha2	113	41	companies	company	NNS
cord-286274-1tb3uha2	113	42	have	have	VBP
cord-286274-1tb3uha2	113	43	escalated	escalate	VBN
cord-286274-1tb3uha2	113	44	since	since	IN
cord-286274-1tb3uha2	113	45	then	then	RB
cord-286274-1tb3uha2	113	46	.	.	.
cord-286274-1tb3uha2	114	1	They	-PRON-	PRP
cord-286274-1tb3uha2	114	2	explained	explain	VBD
cord-286274-1tb3uha2	114	3	that	that	IN
cord-286274-1tb3uha2	114	4	foreign	foreign	JJ
cord-286274-1tb3uha2	114	5	institutional	institutional	JJ
cord-286274-1tb3uha2	114	6	investors	investor	NNS
cord-286274-1tb3uha2	114	7	increased	increase	VBD
cord-286274-1tb3uha2	114	8	their	-PRON-	PRP$
cord-286274-1tb3uha2	114	9	holdings	holding	NNS
cord-286274-1tb3uha2	114	10	on	on	IN
cord-286274-1tb3uha2	114	11	tourism	tourism	NN
cord-286274-1tb3uha2	114	12	stocks	stock	NNS
cord-286274-1tb3uha2	114	13	because	because	IN
cord-286274-1tb3uha2	114	14	they	-PRON-	PRP
cord-286274-1tb3uha2	114	15	anticipated	anticipate	VBD
cord-286274-1tb3uha2	114	16	a	a	DT
cord-286274-1tb3uha2	114	17	positive	positive	JJ
cord-286274-1tb3uha2	114	18	influence	influence	NN
cord-286274-1tb3uha2	114	19	of	of	IN
cord-286274-1tb3uha2	114	20	weekend	weekend	NN
cord-286274-1tb3uha2	114	21	policy	policy	NN
cord-286274-1tb3uha2	114	22	changes	change	NNS
cord-286274-1tb3uha2	114	23	on	on	IN
cord-286274-1tb3uha2	114	24	earnings	earning	NNS
cord-286274-1tb3uha2	114	25	of	of	IN
cord-286274-1tb3uha2	114	26	tourism	tourism	NN
cord-286274-1tb3uha2	114	27	companies	company	NNS
cord-286274-1tb3uha2	114	28	and	and	CC
cord-286274-1tb3uha2	114	29	are	be	VBP
cord-286274-1tb3uha2	114	30	optimistic	optimistic	JJ
cord-286274-1tb3uha2	114	31	about	about	IN
cord-286274-1tb3uha2	114	32	the	the	DT
cord-286274-1tb3uha2	114	33	future	future	JJ
cord-286274-1tb3uha2	114	34	corporate	corporate	JJ
cord-286274-1tb3uha2	114	35	performance	performance	NN
cord-286274-1tb3uha2	114	36	in	in	IN
cord-286274-1tb3uha2	114	37	the	the	DT
cord-286274-1tb3uha2	114	38	tourism	tourism	NN
cord-286274-1tb3uha2	114	39	industry	industry	NN
cord-286274-1tb3uha2	114	40	.	.	.
cord-286274-1tb3uha2	115	1	They	-PRON-	PRP
cord-286274-1tb3uha2	115	2	further	further	RB
cord-286274-1tb3uha2	115	3	showed	show	VBD
cord-286274-1tb3uha2	115	4	that	that	IN
cord-286274-1tb3uha2	115	5	the	the	DT
cord-286274-1tb3uha2	115	6	increasing	increase	VBG
cord-286274-1tb3uha2	115	7	foreign	foreign	JJ
cord-286274-1tb3uha2	115	8	institutional	institutional	JJ
cord-286274-1tb3uha2	115	9	holdings	holding	NNS
cord-286274-1tb3uha2	115	10	could	could	MD
cord-286274-1tb3uha2	115	11	not	not	RB
cord-286274-1tb3uha2	115	12	only	only	RB
cord-286274-1tb3uha2	115	13	enhance	enhance	VB
cord-286274-1tb3uha2	115	14	tourism	tourism	NN
cord-286274-1tb3uha2	115	15	stock	stock	NN
cord-286274-1tb3uha2	115	16	performance	performance	NN
cord-286274-1tb3uha2	115	17	,	,	,
cord-286274-1tb3uha2	115	18	but	but	CC
cord-286274-1tb3uha2	115	19	also	also	RB
cord-286274-1tb3uha2	115	20	decrease	decrease	VB
cord-286274-1tb3uha2	115	21	the	the	DT
cord-286274-1tb3uha2	115	22	risk	risk	NN
cord-286274-1tb3uha2	115	23	of	of	IN
cord-286274-1tb3uha2	115	24	tourism	tourism	NN
cord-286274-1tb3uha2	115	25	stock	stock	NN
cord-286274-1tb3uha2	115	26	returns	return	NNS
cord-286274-1tb3uha2	115	27	.	.	.
cord-286274-1tb3uha2	116	1	To	to	TO
cord-286274-1tb3uha2	116	2	sum	sum	VB
cord-286274-1tb3uha2	116	3	up	up	RP
cord-286274-1tb3uha2	116	4	,	,	,
cord-286274-1tb3uha2	116	5	tourism	tourism	NN
cord-286274-1tb3uha2	116	6	growth	growth	NN
cord-286274-1tb3uha2	116	7	can	can	MD
cord-286274-1tb3uha2	116	8	promote	promote	VB
cord-286274-1tb3uha2	116	9	business	business	NN
cord-286274-1tb3uha2	116	10	and	and	CC
cord-286274-1tb3uha2	116	11	boost	boost	VB
cord-286274-1tb3uha2	116	12	corporate	corporate	JJ
cord-286274-1tb3uha2	116	13	sales	sale	NNS
cord-286274-1tb3uha2	116	14	and	and	CC
cord-286274-1tb3uha2	116	15	earnings	earning	NNS
cord-286274-1tb3uha2	116	16	,	,	,
cord-286274-1tb3uha2	116	17	thus	thus	RB
cord-286274-1tb3uha2	116	18	strengthening	strengthen	VBG
cord-286274-1tb3uha2	116	19	the	the	DT
cord-286274-1tb3uha2	116	20	financial	financial	JJ
cord-286274-1tb3uha2	116	21	performance	performance	NN
cord-286274-1tb3uha2	116	22	of	of	IN
cord-286274-1tb3uha2	116	23	hotel	hotel	NN
cord-286274-1tb3uha2	116	24	firms	firm	NNS
cord-286274-1tb3uha2	116	25	.	.	.
cord-286274-1tb3uha2	117	1	The	the	DT
cord-286274-1tb3uha2	117	2	variable	variable	NN
cord-286274-1tb3uha2	117	3	of	of	IN
cord-286274-1tb3uha2	117	4	total	total	JJ
cord-286274-1tb3uha2	117	5	foreign	foreign	JJ
cord-286274-1tb3uha2	117	6	tourist	tourist	NN
cord-286274-1tb3uha2	117	7	arrivals	arrival	NNS
cord-286274-1tb3uha2	117	8	(	(	-LRB-
cord-286274-1tb3uha2	117	9	tourism	tourism	NN
cord-286274-1tb3uha2	117	10	expansion	expansion	NN
cord-286274-1tb3uha2	117	11	)	)	-RRB-
cord-286274-1tb3uha2	117	12	is	be	VBZ
cord-286274-1tb3uha2	117	13	hence	hence	RB
cord-286274-1tb3uha2	117	14	expected	expect	VBN
cord-286274-1tb3uha2	117	15	to	to	TO
cord-286274-1tb3uha2	117	16	have	have	VB
cord-286274-1tb3uha2	117	17	an	an	DT
cord-286274-1tb3uha2	117	18	impact	impact	NN
cord-286274-1tb3uha2	117	19	on	on	IN
cord-286274-1tb3uha2	117	20	corporate	corporate	JJ
cord-286274-1tb3uha2	117	21	performance	performance	NN
cord-286274-1tb3uha2	117	22	in	in	IN
cord-286274-1tb3uha2	117	23	the	the	DT
cord-286274-1tb3uha2	117	24	hotel	hotel	NN
cord-286274-1tb3uha2	117	25	industry	industry	NN
cord-286274-1tb3uha2	117	26	.	.	.
cord-286274-1tb3uha2	118	1	However	however	RB
cord-286274-1tb3uha2	118	2	,	,	,
cord-286274-1tb3uha2	118	3	Chen	Chen	NNP
cord-286274-1tb3uha2	118	4	(	(	-LRB-
cord-286274-1tb3uha2	118	5	2007a	2007a	CD
cord-286274-1tb3uha2	118	6	)	)	-RRB-
cord-286274-1tb3uha2	118	7	compared	compare	VBD
cord-286274-1tb3uha2	118	8	the	the	DT
cord-286274-1tb3uha2	118	9	impact	impact	NN
cord-286274-1tb3uha2	118	10	of	of	IN
cord-286274-1tb3uha2	118	11	economic	economic	JJ
cord-286274-1tb3uha2	118	12	variables	variable	NNS
cord-286274-1tb3uha2	118	13	and	and	CC
cord-286274-1tb3uha2	118	14	tourism	tourism	NN
cord-286274-1tb3uha2	118	15	expansion	expansion	NN
cord-286274-1tb3uha2	118	16	factor	factor	NN
cord-286274-1tb3uha2	118	17	on	on	IN
cord-286274-1tb3uha2	118	18	hotel	hotel	NN
cord-286274-1tb3uha2	118	19	stock	stock	NN
cord-286274-1tb3uha2	118	20	returns	return	NNS
cord-286274-1tb3uha2	118	21	in	in	IN
cord-286274-1tb3uha2	118	22	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	118	23	.	.	.
cord-286274-1tb3uha2	119	1	Test	test	NN
cord-286274-1tb3uha2	119	2	results	result	NNS
cord-286274-1tb3uha2	119	3	indicated	indicate	VBD
cord-286274-1tb3uha2	119	4	that	that	IN
cord-286274-1tb3uha2	119	5	the	the	DT
cord-286274-1tb3uha2	119	6	tourism	tourism	NN
cord-286274-1tb3uha2	119	7	expansion	expansion	NN
cord-286274-1tb3uha2	119	8	factor	factor	NN
cord-286274-1tb3uha2	119	9	had	have	VBD
cord-286274-1tb3uha2	119	10	a	a	DT
cord-286274-1tb3uha2	119	11	positive	positive	JJ
cord-286274-1tb3uha2	119	12	but	but	CC
cord-286274-1tb3uha2	119	13	not	not	RB
cord-286274-1tb3uha2	119	14	statistically	statistically	RB
cord-286274-1tb3uha2	119	15	significant	significant	JJ
cord-286274-1tb3uha2	119	16	effect	effect	NN
cord-286274-1tb3uha2	119	17	on	on	IN
cord-286274-1tb3uha2	119	18	hotel	hotel	NN
cord-286274-1tb3uha2	119	19	stock	stock	NN
cord-286274-1tb3uha2	119	20	performance	performance	NN
cord-286274-1tb3uha2	119	21	.	.	.
cord-286274-1tb3uha2	120	1	Chen	Chen	NNP
cord-286274-1tb3uha2	120	2	(	(	-LRB-
cord-286274-1tb3uha2	120	3	2007c	2007c	CD
cord-286274-1tb3uha2	120	4	)	)	-RRB-
cord-286274-1tb3uha2	120	5	found	find	VBD
cord-286274-1tb3uha2	120	6	that	that	IN
cord-286274-1tb3uha2	120	7	the	the	DT
cord-286274-1tb3uha2	120	8	tourism	tourism	NN
cord-286274-1tb3uha2	120	9	expansion	expansion	NN
cord-286274-1tb3uha2	120	10	variable	variable	NN
cord-286274-1tb3uha2	120	11	could	could	MD
cord-286274-1tb3uha2	120	12	not	not	RB
cord-286274-1tb3uha2	120	13	satisfactorily	satisfactorily	RB
cord-286274-1tb3uha2	120	14	explain	explain	VB
cord-286274-1tb3uha2	120	15	hotel	hotel	NN
cord-286274-1tb3uha2	120	16	stock	stock	NN
cord-286274-1tb3uha2	120	17	returns	return	NNS
cord-286274-1tb3uha2	120	18	in	in	IN
cord-286274-1tb3uha2	120	19	China	China	NNP
cord-286274-1tb3uha2	120	20	,	,	,
cord-286274-1tb3uha2	120	21	either	either	RB
cord-286274-1tb3uha2	120	22	.	.	.
cord-286274-1tb3uha2	121	1	Chen	Chen	NNP
cord-286274-1tb3uha2	121	2	and	and	CC
cord-286274-1tb3uha2	121	3	Kim	Kim	NNP
cord-286274-1tb3uha2	121	4	(	(	-LRB-
cord-286274-1tb3uha2	121	5	in	in	IN
cord-286274-1tb3uha2	121	6	press	press	NN
cord-286274-1tb3uha2	121	7	)	)	-RRB-
cord-286274-1tb3uha2	121	8	argued	argue	VBD
cord-286274-1tb3uha2	121	9	that	that	IN
cord-286274-1tb3uha2	121	10	tourism	tourism	NN
cord-286274-1tb3uha2	121	11	expansion	expansion	NN
cord-286274-1tb3uha2	121	12	had	have	VBD
cord-286274-1tb3uha2	121	13	a	a	DT
cord-286274-1tb3uha2	121	14	more	more	RBR
cord-286274-1tb3uha2	121	15	direct	direct	JJ
cord-286274-1tb3uha2	121	16	impact	impact	NN
cord-286274-1tb3uha2	121	17	on	on	IN
cord-286274-1tb3uha2	121	18	tourism	tourism	NN
cord-286274-1tb3uha2	121	19	firms	firm	NNS
cord-286274-1tb3uha2	121	20	'	'	POS
cord-286274-1tb3uha2	121	21	earnings	earning	NNS
cord-286274-1tb3uha2	121	22	than	than	IN
cord-286274-1tb3uha2	121	23	on	on	IN
cord-286274-1tb3uha2	121	24	their	-PRON-	PRP$
cord-286274-1tb3uha2	121	25	stock	stock	NN
cord-286274-1tb3uha2	121	26	performance	performance	NN
cord-286274-1tb3uha2	121	27	.	.	.
cord-286274-1tb3uha2	122	1	Relatively	relatively	RB
cord-286274-1tb3uha2	122	2	,	,	,
cord-286274-1tb3uha2	122	3	not	not	RB
cord-286274-1tb3uha2	122	4	many	many	JJ
cord-286274-1tb3uha2	122	5	research	research	NN
cord-286274-1tb3uha2	122	6	papers	paper	NNS
cord-286274-1tb3uha2	122	7	studied	study	VBD
cord-286274-1tb3uha2	122	8	the	the	DT
cord-286274-1tb3uha2	122	9	impact	impact	NN
cord-286274-1tb3uha2	122	10	of	of	IN
cord-286274-1tb3uha2	122	11	noneconomic	noneconomic	JJ
cord-286274-1tb3uha2	122	12	forces	force	NNS
cord-286274-1tb3uha2	122	13	on	on	IN
cord-286274-1tb3uha2	122	14	financial	financial	JJ
cord-286274-1tb3uha2	122	15	performance	performance	NN
cord-286274-1tb3uha2	122	16	in	in	IN
cord-286274-1tb3uha2	122	17	the	the	DT
cord-286274-1tb3uha2	122	18	tourism	tourism	NN
cord-286274-1tb3uha2	122	19	industry	industry	NN
cord-286274-1tb3uha2	122	20	.	.	.
cord-286274-1tb3uha2	123	1	Sales	sale	NNS
cord-286274-1tb3uha2	123	2	earnings	earning	NNS
cord-286274-1tb3uha2	123	3	of	of	IN
cord-286274-1tb3uha2	123	4	Taiwanese	taiwanese	JJ
cord-286274-1tb3uha2	123	5	hotel	hotel	NN
cord-286274-1tb3uha2	123	6	firms	firm	NNS
cord-286274-1tb3uha2	123	7	were	be	VBD
cord-286274-1tb3uha2	123	8	found	find	VBN
cord-286274-1tb3uha2	123	9	to	to	IN
cord-286274-1tb3uha2	123	10	been	be	VBN
cord-286274-1tb3uha2	123	11	significantly	significantly	RB
cord-286274-1tb3uha2	123	12	harmed	harm	VBN
cord-286274-1tb3uha2	123	13	by	by	IN
cord-286274-1tb3uha2	123	14	the	the	DT
cord-286274-1tb3uha2	123	15	earthquake	earthquake	NN
cord-286274-1tb3uha2	123	16	in	in	IN
cord-286274-1tb3uha2	123	17	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	123	18	on	on	IN
cord-286274-1tb3uha2	123	19	September	September	NNP
cord-286274-1tb3uha2	123	20	21	21	CD
cord-286274-1tb3uha2	123	21	,	,	,
cord-286274-1tb3uha2	123	22	1999	1999	CD
cord-286274-1tb3uha2	123	23	and	and	CC
cord-286274-1tb3uha2	123	24	by	by	IN
cord-286274-1tb3uha2	123	25	the	the	DT
cord-286274-1tb3uha2	123	26	SARS	SARS	NNP
cord-286274-1tb3uha2	123	27	outbreak	outbreak	NN
cord-286274-1tb3uha2	123	28	in	in	IN
cord-286274-1tb3uha2	123	29	March	March	NNP
cord-286274-1tb3uha2	123	30	2003	2003	CD
cord-286274-1tb3uha2	124	1	(	(	-LRB-
cord-286274-1tb3uha2	124	2	Chen	Chen	NNP
cord-286274-1tb3uha2	124	3	&	&	CC
cord-286274-1tb3uha2	124	4	Kim	Kim	NNP
cord-286274-1tb3uha2	124	5	,	,	,
cord-286274-1tb3uha2	124	6	in	in	IN
cord-286274-1tb3uha2	124	7	press	press	NN
cord-286274-1tb3uha2	124	8	)	)	-RRB-
cord-286274-1tb3uha2	124	9	.	.	.
cord-286274-1tb3uha2	125	1	illustrated	illustrate	VBD
cord-286274-1tb3uha2	125	2	the	the	DT
cord-286274-1tb3uha2	125	3	adverse	adverse	JJ
cord-286274-1tb3uha2	125	4	influence	influence	NN
cord-286274-1tb3uha2	125	5	of	of	IN
cord-286274-1tb3uha2	125	6	the	the	DT
cord-286274-1tb3uha2	125	7	SARS	SARS	NNP
cord-286274-1tb3uha2	125	8	outbreak	outbreak	NN
cord-286274-1tb3uha2	125	9	in	in	IN
cord-286274-1tb3uha2	125	10	2003	2003	CD
cord-286274-1tb3uha2	125	11	on	on	IN
cord-286274-1tb3uha2	125	12	Taiwanese	taiwanese	JJ
cord-286274-1tb3uha2	125	13	hotel	hotel	NN
cord-286274-1tb3uha2	125	14	stock	stock	NN
cord-286274-1tb3uha2	125	15	prices	price	NNS
cord-286274-1tb3uha2	125	16	.	.	.
cord-286274-1tb3uha2	126	1	Stock	stock	NN
cord-286274-1tb3uha2	126	2	prices	price	NNS
cord-286274-1tb3uha2	126	3	of	of	IN
cord-286274-1tb3uha2	126	4	publicly	publicly	RB
cord-286274-1tb3uha2	126	5	traded	trade	VBN
cord-286274-1tb3uha2	126	6	hotel	hotel	NN
cord-286274-1tb3uha2	126	7	companies	company	NNS
cord-286274-1tb3uha2	126	8	in	in	IN
cord-286274-1tb3uha2	126	9	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	126	10	plunged	plunge	VBD
cord-286274-1tb3uha2	126	11	during	during	IN
cord-286274-1tb3uha2	126	12	the	the	DT
cord-286274-1tb3uha2	126	13	SARS	SARS	NNP
cord-286274-1tb3uha2	126	14	outbreak	outbreak	NN
cord-286274-1tb3uha2	126	15	.	.	.
cord-286274-1tb3uha2	127	1	In	in	IN
cord-286274-1tb3uha2	127	2	addition	addition	NN
cord-286274-1tb3uha2	127	3	to	to	IN
cord-286274-1tb3uha2	127	4	the	the	DT
cord-286274-1tb3uha2	127	5	SARS	SARS	NNP
cord-286274-1tb3uha2	127	6	outbreak	outbreak	NN
cord-286274-1tb3uha2	127	7	,	,	,
cord-286274-1tb3uha2	127	8	several	several	JJ
cord-286274-1tb3uha2	127	9	other	other	JJ
cord-286274-1tb3uha2	127	10	crises	crisis	NNS
cord-286274-1tb3uha2	127	11	related	relate	VBN
cord-286274-1tb3uha2	127	12	to	to	IN
cord-286274-1tb3uha2	127	13	the	the	DT
cord-286274-1tb3uha2	127	14	hospitality	hospitality	NN
cord-286274-1tb3uha2	127	15	industry	industry	NN
cord-286274-1tb3uha2	127	16	seriously	seriously	RB
cord-286274-1tb3uha2	127	17	damaged	damage	VBD
cord-286274-1tb3uha2	127	18	hospitality	hospitality	NN
cord-286274-1tb3uha2	127	19	stock	stock	NN
cord-286274-1tb3uha2	127	20	performance	performance	NN
cord-286274-1tb3uha2	127	21	.	.	.
cord-286274-1tb3uha2	128	1	Chen	Chen	NNP
cord-286274-1tb3uha2	128	2	et	et	NNP
cord-286274-1tb3uha2	128	3	al	al	NNP
cord-286274-1tb3uha2	128	4	.	.	.
cord-286274-1tb3uha2	129	1	(	(	-LRB-
cord-286274-1tb3uha2	129	2	2005	2005	CD
cord-286274-1tb3uha2	129	3	)	)	-RRB-
cord-286274-1tb3uha2	129	4	showed	show	VBD
cord-286274-1tb3uha2	129	5	that	that	IN
cord-286274-1tb3uha2	129	6	the	the	DT
cord-286274-1tb3uha2	129	7	earthquake	earthquake	NN
cord-286274-1tb3uha2	129	8	on	on	IN
cord-286274-1tb3uha2	129	9	September	September	NNP
cord-286274-1tb3uha2	129	10	21	21	CD
cord-286274-1tb3uha2	129	11	,	,	,
cord-286274-1tb3uha2	129	12	1999	1999	CD
cord-286274-1tb3uha2	129	13	and	and	CC
cord-286274-1tb3uha2	129	14	the	the	DT
cord-286274-1tb3uha2	129	15	terrorist	terrorist	JJ
cord-286274-1tb3uha2	129	16	attacks	attack	NNS
cord-286274-1tb3uha2	129	17	of	of	IN
cord-286274-1tb3uha2	129	18	September	September	NNP
cord-286274-1tb3uha2	129	19	11	11	CD
cord-286274-1tb3uha2	129	20	,	,	,
cord-286274-1tb3uha2	129	21	2001	2001	CD
cord-286274-1tb3uha2	129	22	in	in	IN
cord-286274-1tb3uha2	129	23	the	the	DT
cord-286274-1tb3uha2	129	24	U.S.	U.S.	NNP
cord-286274-1tb3uha2	129	25	substantially	substantially	RB
cord-286274-1tb3uha2	129	26	deteriorated	deteriorate	VBD
cord-286274-1tb3uha2	129	27	hotel	hotel	NN
cord-286274-1tb3uha2	129	28	stock	stock	NN
cord-286274-1tb3uha2	129	29	performance	performance	NN
cord-286274-1tb3uha2	129	30	in	in	IN
cord-286274-1tb3uha2	129	31	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	129	32	.	.	.
cord-286274-1tb3uha2	130	1	Since	since	IN
cord-286274-1tb3uha2	130	2	those	those	DT
cord-286274-1tb3uha2	130	3	crises	crisis	NNS
cord-286274-1tb3uha2	130	4	had	have	VBD
cord-286274-1tb3uha2	130	5	a	a	DT
cord-286274-1tb3uha2	130	6	significant	significant	JJ
cord-286274-1tb3uha2	130	7	influence	influence	NN
cord-286274-1tb3uha2	130	8	on	on	IN
cord-286274-1tb3uha2	130	9	financial	financial	JJ
cord-286274-1tb3uha2	130	10	performance	performance	NN
cord-286274-1tb3uha2	130	11	of	of	IN
cord-286274-1tb3uha2	130	12	hotel	hotel	NN
cord-286274-1tb3uha2	130	13	companies	company	NNS
cord-286274-1tb3uha2	130	14	in	in	IN
cord-286274-1tb3uha2	130	15	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	130	16	,	,	,
cord-286274-1tb3uha2	130	17	this	this	DT
cord-286274-1tb3uha2	130	18	study	study	NN
cord-286274-1tb3uha2	130	19	takes	take	VBZ
cord-286274-1tb3uha2	130	20	those	those	DT
cord-286274-1tb3uha2	130	21	non	non	JJ
cord-286274-1tb3uha2	130	22	-	-	JJ
cord-286274-1tb3uha2	130	23	economic	economic	JJ
cord-286274-1tb3uha2	130	24	events	event	NNS
cord-286274-1tb3uha2	130	25	into	into	IN
cord-286274-1tb3uha2	130	26	consideration	consideration	NN
cord-286274-1tb3uha2	130	27	when	when	WRB
cord-286274-1tb3uha2	130	28	regression	regression	NN
cord-286274-1tb3uha2	130	29	tests	test	NNS
cord-286274-1tb3uha2	130	30	are	be	VBP
cord-286274-1tb3uha2	130	31	performed	perform	VBN
cord-286274-1tb3uha2	130	32	.	.	.
cord-286274-1tb3uha2	131	1	Thus	thus	RB
cord-286274-1tb3uha2	131	2	,	,	,
cord-286274-1tb3uha2	131	3	when	when	WRB
cord-286274-1tb3uha2	131	4	examining	examine	VBG
cord-286274-1tb3uha2	131	5	the	the	DT
cord-286274-1tb3uha2	131	6	impact	impact	NN
cord-286274-1tb3uha2	131	7	of	of	IN
cord-286274-1tb3uha2	131	8	economy	economy	NN
cord-286274-1tb3uha2	131	9	and	and	CC
cord-286274-1tb3uha2	131	10	tourism	tourism	NN
cord-286274-1tb3uha2	131	11	development	development	NN
cord-286274-1tb3uha2	131	12	on	on	IN
cord-286274-1tb3uha2	131	13	corporate	corporate	JJ
cord-286274-1tb3uha2	131	14	performance	performance	NN
cord-286274-1tb3uha2	131	15	in	in	IN
cord-286274-1tb3uha2	131	16	the	the	DT
cord-286274-1tb3uha2	131	17	tourist	tourist	NN
cord-286274-1tb3uha2	131	18	hotel	hotel	NN
cord-286274-1tb3uha2	131	19	industry	industry	NN
cord-286274-1tb3uha2	131	20	,	,	,
cord-286274-1tb3uha2	131	21	we	-PRON-	PRP
cord-286274-1tb3uha2	131	22	use	use	VBP
cord-286274-1tb3uha2	131	23	dummy	dummy	JJ
cord-286274-1tb3uha2	131	24	variables	variable	NNS
cord-286274-1tb3uha2	131	25	of	of	IN
cord-286274-1tb3uha2	131	26	crisis	crisis	NN
cord-286274-1tb3uha2	131	27	events	event	NNS
cord-286274-1tb3uha2	131	28	to	to	TO
cord-286274-1tb3uha2	131	29	control	control	VB
cord-286274-1tb3uha2	131	30	for	for	IN
cord-286274-1tb3uha2	131	31	the	the	DT
cord-286274-1tb3uha2	131	32	potential	potential	JJ
cord-286274-1tb3uha2	131	33	effects	effect	NNS
cord-286274-1tb3uha2	131	34	of	of	IN
cord-286274-1tb3uha2	131	35	those	those	DT
cord-286274-1tb3uha2	131	36	crises	crisis	NNS
cord-286274-1tb3uha2	131	37	on	on	IN
cord-286274-1tb3uha2	131	38	interactions	interaction	NNS
cord-286274-1tb3uha2	131	39	between	between	IN
cord-286274-1tb3uha2	131	40	the	the	DT
cord-286274-1tb3uha2	131	41	corporate	corporate	JJ
cord-286274-1tb3uha2	131	42	performance	performance	NN
cord-286274-1tb3uha2	131	43	of	of	IN
cord-286274-1tb3uha2	131	44	tourist	tourist	NN
cord-286274-1tb3uha2	131	45	hotels	hotel	NNS
cord-286274-1tb3uha2	131	46	and	and	CC
cord-286274-1tb3uha2	131	47	the	the	DT
cord-286274-1tb3uha2	131	48	two	two	CD
cord-286274-1tb3uha2	131	49	factors	factor	NNS
cord-286274-1tb3uha2	131	50	.	.	.
cord-286274-1tb3uha2	132	1	The	the	DT
cord-286274-1tb3uha2	132	2	hotel	hotel	NN
cord-286274-1tb3uha2	132	3	companies	company	NNS
cord-286274-1tb3uha2	132	4	covered	cover	VBN
cord-286274-1tb3uha2	132	5	in	in	IN
cord-286274-1tb3uha2	132	6	this	this	DT
cord-286274-1tb3uha2	132	7	study	study	NN
cord-286274-1tb3uha2	132	8	need	need	VBP
cord-286274-1tb3uha2	132	9	to	to	TO
cord-286274-1tb3uha2	132	10	have	have	VB
cord-286274-1tb3uha2	132	11	complete	complete	JJ
cord-286274-1tb3uha2	132	12	data	datum	NNS
cord-286274-1tb3uha2	132	13	on	on	IN
cord-286274-1tb3uha2	132	14	all	all	DT
cord-286274-1tb3uha2	132	15	accounting	account	VBG
cord-286274-1tb3uha2	132	16	or	or	CC
cord-286274-1tb3uha2	132	17	financial	financial	JJ
cord-286274-1tb3uha2	132	18	variables	variable	NNS
cord-286274-1tb3uha2	132	19	over	over	IN
cord-286274-1tb3uha2	132	20	the	the	DT
cord-286274-1tb3uha2	132	21	11-year	11-year	JJ
cord-286274-1tb3uha2	132	22	period	period	NN
cord-286274-1tb3uha2	132	23	from	from	IN
cord-286274-1tb3uha2	132	24	1997	1997	CD
cord-286274-1tb3uha2	132	25	to	to	IN
cord-286274-1tb3uha2	132	26	2008	2008	CD
cord-286274-1tb3uha2	132	27	.	.	.
cord-286274-1tb3uha2	133	1	According	accord	VBG
cord-286274-1tb3uha2	133	2	to	to	IN
cord-286274-1tb3uha2	133	3	this	this	DT
cord-286274-1tb3uha2	133	4	criterion	criterion	NN
cord-286274-1tb3uha2	133	5	,	,	,
cord-286274-1tb3uha2	133	6	we	-PRON-	PRP
cord-286274-1tb3uha2	133	7	selected	select	VBD
cord-286274-1tb3uha2	133	8	five	five	CD
cord-286274-1tb3uha2	133	9	publicly	publicly	RB
cord-286274-1tb3uha2	133	10	traded	trade	VBN
cord-286274-1tb3uha2	133	11	hotels	hotel	NNS
cord-286274-1tb3uha2	133	12	:	:	:
cord-286274-1tb3uha2	133	13	Ambassador	Ambassador	NNP
cord-286274-1tb3uha2	133	14	Hotel	Hotel	NNP
cord-286274-1tb3uha2	133	15	,	,	,
cord-286274-1tb3uha2	133	16	First	First	NNP
cord-286274-1tb3uha2	133	17	Hotel	Hotel	NNP
cord-286274-1tb3uha2	133	18	,	,	,
cord-286274-1tb3uha2	133	19	Grant	Grant	NNP
cord-286274-1tb3uha2	133	20	Formosa	Formosa	NNP
cord-286274-1tb3uha2	133	21	Regent	Regent	NNP
cord-286274-1tb3uha2	133	22	Taipei	Taipei	NNP
cord-286274-1tb3uha2	133	23	,	,	,
cord-286274-1tb3uha2	133	24	Hotel	Hotel	NNP
cord-286274-1tb3uha2	133	25	Holiday	Holiday	NNP
cord-286274-1tb3uha2	133	26	Garden	Garden	NNP
cord-286274-1tb3uha2	133	27	,	,	,
cord-286274-1tb3uha2	133	28	and	and	CC
cord-286274-1tb3uha2	133	29	Leofoo	Leofoo	NNP
cord-286274-1tb3uha2	133	30	Corporation	Corporation	NNP
cord-286274-1tb3uha2	133	31	.	.	.
cord-286274-1tb3uha2	134	1	All	all	DT
cord-286274-1tb3uha2	134	2	five	five	CD
cord-286274-1tb3uha2	134	3	hotels	hotel	NNS
cord-286274-1tb3uha2	134	4	are	be	VBP
cord-286274-1tb3uha2	134	5	tourist	tourist	NN
cord-286274-1tb3uha2	134	6	hotels	hotel	NNS
cord-286274-1tb3uha2	134	7	whose	whose	WP$
cord-286274-1tb3uha2	134	8	stocks	stock	NNS
cord-286274-1tb3uha2	134	9	are	be	VBP
cord-286274-1tb3uha2	134	10	traded	trade	VBN
cord-286274-1tb3uha2	134	11	on	on	IN
cord-286274-1tb3uha2	134	12	the	the	DT
cord-286274-1tb3uha2	134	13	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	134	14	Stock	Stock	NNP
cord-286274-1tb3uha2	134	15	Exchange	Exchange	NNP
cord-286274-1tb3uha2	134	16	.	.	.
cord-286274-1tb3uha2	135	1	All	all	DT
cord-286274-1tb3uha2	135	2	data	datum	NNS
cord-286274-1tb3uha2	135	3	used	use	VBN
cord-286274-1tb3uha2	135	4	in	in	IN
cord-286274-1tb3uha2	135	5	the	the	DT
cord-286274-1tb3uha2	135	6	study	study	NN
cord-286274-1tb3uha2	135	7	are	be	VBP
cord-286274-1tb3uha2	135	8	taken	take	VBN
cord-286274-1tb3uha2	135	9	from	from	IN
cord-286274-1tb3uha2	135	10	the	the	DT
cord-286274-1tb3uha2	135	11	database	database	NN
cord-286274-1tb3uha2	135	12	of	of	IN
cord-286274-1tb3uha2	135	13	the	the	DT
cord-286274-1tb3uha2	135	14	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	135	15	Economic	Economic	NNP
cord-286274-1tb3uha2	135	16	Journal	Journal	NNP
cord-286274-1tb3uha2	135	17	(	(	-LRB-
cord-286274-1tb3uha2	135	18	TEJ	TEJ	NNP
cord-286274-1tb3uha2	135	19	)	)	-RRB-
cord-286274-1tb3uha2	135	20	from	from	IN
cord-286274-1tb3uha2	135	21	the	the	DT
cord-286274-1tb3uha2	135	22	second	second	JJ
cord-286274-1tb3uha2	135	23	quarter	quarter	NN
cord-286274-1tb3uha2	135	24	of	of	IN
cord-286274-1tb3uha2	135	25	1997	1997	CD
cord-286274-1tb3uha2	135	26	to	to	IN
cord-286274-1tb3uha2	135	27	the	the	DT
cord-286274-1tb3uha2	135	28	first	first	JJ
cord-286274-1tb3uha2	135	29	quarter	quarter	NN
cord-286274-1tb3uha2	135	30	of	of	IN
cord-286274-1tb3uha2	135	31	2008	2008	CD
cord-286274-1tb3uha2	135	32	(	(	-LRB-
cord-286274-1tb3uha2	135	33	44	44	CD
cord-286274-1tb3uha2	135	34	quarters	quarter	NNS
cord-286274-1tb3uha2	135	35	)	)	-RRB-
cord-286274-1tb3uha2	135	36	.	.	.
cord-286274-1tb3uha2	136	1	Occupancy	occupancy	NN
cord-286274-1tb3uha2	136	2	rate	rate	NN
cord-286274-1tb3uha2	136	3	(	(	-LRB-
cord-286274-1tb3uha2	136	4	OPR	OPR	NNP
cord-286274-1tb3uha2	136	5	)	)	-RRB-
cord-286274-1tb3uha2	136	6	.	.	.
cord-286274-1tb3uha2	137	1	OPR	OPR	NNP
cord-286274-1tb3uha2	137	2	is	be	VBZ
cord-286274-1tb3uha2	137	3	the	the	DT
cord-286274-1tb3uha2	137	4	percentage	percentage	NN
cord-286274-1tb3uha2	137	5	of	of	IN
cord-286274-1tb3uha2	137	6	occupancy	occupancy	NN
cord-286274-1tb3uha2	137	7	and	and	CC
cord-286274-1tb3uha2	137	8	calculated	calculate	VBN
cord-286274-1tb3uha2	137	9	as	as	IN
cord-286274-1tb3uha2	137	10	the	the	DT
cord-286274-1tb3uha2	137	11	number	number	NN
cord-286274-1tb3uha2	137	12	of	of	IN
cord-286274-1tb3uha2	137	13	rooms	room	NNS
cord-286274-1tb3uha2	137	14	occupied	occupy	VBN
cord-286274-1tb3uha2	137	15	divided	divide	VBN
cord-286274-1tb3uha2	137	16	by	by	IN
cord-286274-1tb3uha2	137	17	the	the	DT
cord-286274-1tb3uha2	137	18	number	number	NN
cord-286274-1tb3uha2	137	19	available	available	JJ
cord-286274-1tb3uha2	137	20	.	.	.
cord-286274-1tb3uha2	138	1	It	-PRON-	PRP
cord-286274-1tb3uha2	138	2	is	be	VBZ
cord-286274-1tb3uha2	138	3	one	one	CD
cord-286274-1tb3uha2	138	4	of	of	IN
cord-286274-1tb3uha2	138	5	the	the	DT
cord-286274-1tb3uha2	138	6	commonly	commonly	RB
cord-286274-1tb3uha2	138	7	used	use	VBN
cord-286274-1tb3uha2	138	8	performance	performance	NN
cord-286274-1tb3uha2	138	9	measures	measure	NNS
cord-286274-1tb3uha2	138	10	of	of	IN
cord-286274-1tb3uha2	138	11	revenue	revenue	NN
cord-286274-1tb3uha2	138	12	in	in	IN
cord-286274-1tb3uha2	138	13	the	the	DT
cord-286274-1tb3uha2	138	14	hotel	hotel	NN
cord-286274-1tb3uha2	138	15	industry	industry	NN
cord-286274-1tb3uha2	138	16	(	(	-LRB-
cord-286274-1tb3uha2	138	17	Gray	Gray	NNP
cord-286274-1tb3uha2	138	18	&	&	CC
cord-286274-1tb3uha2	138	19	Liguori	Liguori	NNP
cord-286274-1tb3uha2	138	20	,	,	,
cord-286274-1tb3uha2	138	21	2003	2003	CD
cord-286274-1tb3uha2	138	22	)	)	-RRB-
cord-286274-1tb3uha2	138	23	.	.	.
cord-286274-1tb3uha2	139	1	Return	return	VB
cord-286274-1tb3uha2	139	2	on	on	IN
cord-286274-1tb3uha2	139	3	assets	asset	NNS
cord-286274-1tb3uha2	139	4	(	(	-LRB-
cord-286274-1tb3uha2	139	5	ROA	ROA	NNP
cord-286274-1tb3uha2	139	6	)	)	-RRB-
cord-286274-1tb3uha2	139	7	.	.	.
cord-286274-1tb3uha2	140	1	ROA	ROA	NNP
cord-286274-1tb3uha2	140	2	,	,	,
cord-286274-1tb3uha2	140	3	computed	compute	VBN
cord-286274-1tb3uha2	140	4	as	as	IN
cord-286274-1tb3uha2	140	5	net	net	JJ
cord-286274-1tb3uha2	140	6	income	income	NN
cord-286274-1tb3uha2	140	7	divided	divide	VBN
cord-286274-1tb3uha2	140	8	by	by	IN
cord-286274-1tb3uha2	140	9	total	total	JJ
cord-286274-1tb3uha2	140	10	assets	asset	NNS
cord-286274-1tb3uha2	140	11	,	,	,
cord-286274-1tb3uha2	140	12	is	be	VBZ
cord-286274-1tb3uha2	140	13	a	a	DT
cord-286274-1tb3uha2	140	14	measure	measure	NN
cord-286274-1tb3uha2	140	15	of	of	IN
cord-286274-1tb3uha2	140	16	profit	profit	NN
cord-286274-1tb3uha2	140	17	per	per	IN
cord-286274-1tb3uha2	140	18	dollar	dollar	NN
cord-286274-1tb3uha2	140	19	of	of	IN
cord-286274-1tb3uha2	140	20	assets	asset	NNS
cord-286274-1tb3uha2	140	21	:	:	:
cord-286274-1tb3uha2	140	22	Net	net	JJ
cord-286274-1tb3uha2	140	23	income	income	NN
cord-286274-1tb3uha2	140	24	Total	total	JJ
cord-286274-1tb3uha2	140	25	assets	asset	NNS
cord-286274-1tb3uha2	140	26	Â	â	CD
cord-286274-1tb3uha2	140	27	100	100	CD
cord-286274-1tb3uha2	140	28	%	%	NN
cord-286274-1tb3uha2	140	29	:	:	:
cord-286274-1tb3uha2	141	1	(	(	-LRB-
cord-286274-1tb3uha2	141	2	1	1	LS
cord-286274-1tb3uha2	141	3	)	)	-RRB-
cord-286274-1tb3uha2	141	4	ROA	ROA	NNP
cord-286274-1tb3uha2	141	5	reflects	reflect	VBZ
cord-286274-1tb3uha2	141	6	the	the	DT
cord-286274-1tb3uha2	141	7	ability	ability	NN
cord-286274-1tb3uha2	141	8	of	of	IN
cord-286274-1tb3uha2	141	9	a	a	DT
cord-286274-1tb3uha2	141	10	firm	firm	NN
cord-286274-1tb3uha2	141	11	's	's	POS
cord-286274-1tb3uha2	141	12	management	management	NN
cord-286274-1tb3uha2	141	13	to	to	TO
cord-286274-1tb3uha2	141	14	generate	generate	VB
cord-286274-1tb3uha2	141	15	profits	profit	NNS
cord-286274-1tb3uha2	141	16	from	from	IN
cord-286274-1tb3uha2	141	17	the	the	DT
cord-286274-1tb3uha2	141	18	firm	firm	NN
cord-286274-1tb3uha2	141	19	's	's	POS
cord-286274-1tb3uha2	141	20	assets	asset	NNS
cord-286274-1tb3uha2	142	1	(	(	-LRB-
cord-286274-1tb3uha2	142	2	Athanasoglou	Athanasoglou	NNP
cord-286274-1tb3uha2	142	3	et	et	NNP
cord-286274-1tb3uha2	142	4	al	al	NNP
cord-286274-1tb3uha2	142	5	.	.	NNP
cord-286274-1tb3uha2	142	6	,	,	,
cord-286274-1tb3uha2	142	7	2008	2008	CD
cord-286274-1tb3uha2	142	8	)	)	-RRB-
cord-286274-1tb3uha2	142	9	.	.	.
cord-286274-1tb3uha2	143	1	Kang	Kang	NNP
cord-286274-1tb3uha2	143	2	and	and	CC
cord-286274-1tb3uha2	143	3	Stulz	Stulz	NNP
cord-286274-1tb3uha2	143	4	(	(	-LRB-
cord-286274-1tb3uha2	143	5	1997	1997	CD
cord-286274-1tb3uha2	143	6	)	)	-RRB-
cord-286274-1tb3uha2	143	7	stated	state	VBD
cord-286274-1tb3uha2	143	8	that	that	IN
cord-286274-1tb3uha2	143	9	investors	investor	NNS
cord-286274-1tb3uha2	143	10	prefer	prefer	VBP
cord-286274-1tb3uha2	143	11	firms	firm	NNS
cord-286274-1tb3uha2	143	12	with	with	IN
cord-286274-1tb3uha2	143	13	high	high	JJ
cord-286274-1tb3uha2	143	14	ROA	roa	NN
cord-286274-1tb3uha2	143	15	because	because	IN
cord-286274-1tb3uha2	143	16	it	-PRON-	PRP
cord-286274-1tb3uha2	143	17	is	be	VBZ
cord-286274-1tb3uha2	143	18	an	an	DT
cord-286274-1tb3uha2	143	19	indication	indication	NN
cord-286274-1tb3uha2	143	20	of	of	IN
cord-286274-1tb3uha2	143	21	management	management	NN
cord-286274-1tb3uha2	143	22	efficiency	efficiency	NN
cord-286274-1tb3uha2	143	23	.	.	.
cord-286274-1tb3uha2	144	1	ROA	ROA	NNP
cord-286274-1tb3uha2	144	2	is	be	VBZ
cord-286274-1tb3uha2	144	3	also	also	RB
cord-286274-1tb3uha2	144	4	commonly	commonly	RB
cord-286274-1tb3uha2	144	5	used	use	VBN
cord-286274-1tb3uha2	144	6	to	to	TO
cord-286274-1tb3uha2	144	7	measure	measure	VB
cord-286274-1tb3uha2	144	8	corporate	corporate	JJ
cord-286274-1tb3uha2	144	9	performance	performance	NN
cord-286274-1tb3uha2	144	10	(	(	-LRB-
cord-286274-1tb3uha2	144	11	Capon	Capon	NNP
cord-286274-1tb3uha2	144	12	,	,	,
cord-286274-1tb3uha2	144	13	Farley	Farley	NNP
cord-286274-1tb3uha2	144	14	,	,	,
cord-286274-1tb3uha2	144	15	&	&	CC
cord-286274-1tb3uha2	144	16	Hoenig	Hoenig	NNP
cord-286274-1tb3uha2	144	17	,	,	,
cord-286274-1tb3uha2	144	18	1990	1990	CD
cord-286274-1tb3uha2	144	19	;	;	:
cord-286274-1tb3uha2	144	20	Gonzalez	Gonzalez	NNP
cord-286274-1tb3uha2	144	21	-	-	HYPH
cord-286274-1tb3uha2	144	22	Hermosillo	Hermosillo	NNP
cord-286274-1tb3uha2	144	23	,	,	,
cord-286274-1tb3uha2	144	24	Pazarbasioglu	Pazarbasioglu	NNP
cord-286274-1tb3uha2	144	25	,	,	,
cord-286274-1tb3uha2	144	26	&	&	CC
cord-286274-1tb3uha2	144	27	Billings	Billings	NNP
cord-286274-1tb3uha2	144	28	,	,	,
cord-286274-1tb3uha2	144	29	1997	1997	CD
cord-286274-1tb3uha2	144	30	;	;	:
cord-286274-1tb3uha2	144	31	Hall	Hall	NNP
cord-286274-1tb3uha2	144	32	&	&	CC
cord-286274-1tb3uha2	144	33	Weiss	Weiss	NNP
cord-286274-1tb3uha2	144	34	,	,	,
cord-286274-1tb3uha2	144	35	1967	1967	CD
cord-286274-1tb3uha2	144	36	;	;	:
cord-286274-1tb3uha2	144	37	Kesner	Kesner	NNP
cord-286274-1tb3uha2	144	38	,	,	,
cord-286274-1tb3uha2	144	39	1987	1987	CD
cord-286274-1tb3uha2	144	40	;	;	:
cord-286274-1tb3uha2	144	41	Persons	Persons	NNPS
cord-286274-1tb3uha2	144	42	,	,	,
cord-286274-1tb3uha2	144	43	1999	1999	CD
cord-286274-1tb3uha2	144	44	;	;	:
cord-286274-1tb3uha2	144	45	Thomson	Thomson	NNP
cord-286274-1tb3uha2	144	46	,	,	,
cord-286274-1tb3uha2	144	47	1991	1991	CD
cord-286274-1tb3uha2	144	48	)	)	-RRB-
cord-286274-1tb3uha2	144	49	.	.	.
cord-286274-1tb3uha2	145	1	Return	return	VB
cord-286274-1tb3uha2	145	2	on	on	IN
cord-286274-1tb3uha2	145	3	equity	equity	NN
cord-286274-1tb3uha2	145	4	(	(	-LRB-
cord-286274-1tb3uha2	145	5	ROE	ROE	NNP
cord-286274-1tb3uha2	145	6	)	)	-RRB-
cord-286274-1tb3uha2	145	7	.	.	.
cord-286274-1tb3uha2	146	1	ROE	ROE	NNP
cord-286274-1tb3uha2	146	2	is	be	VBZ
cord-286274-1tb3uha2	146	3	defined	define	VBN
cord-286274-1tb3uha2	146	4	as	as	IN
cord-286274-1tb3uha2	146	5	the	the	DT
cord-286274-1tb3uha2	146	6	net	net	JJ
cord-286274-1tb3uha2	146	7	income	income	NN
cord-286274-1tb3uha2	146	8	divided	divide	VBN
cord-286274-1tb3uha2	146	9	by	by	IN
cord-286274-1tb3uha2	146	10	total	total	JJ
cord-286274-1tb3uha2	146	11	equity	equity	NN
cord-286274-1tb3uha2	146	12	and	and	CC
cord-286274-1tb3uha2	146	13	a	a	DT
cord-286274-1tb3uha2	146	14	measure	measure	NN
cord-286274-1tb3uha2	146	15	of	of	IN
cord-286274-1tb3uha2	146	16	a	a	DT
cord-286274-1tb3uha2	146	17	firm	firm	NN
cord-286274-1tb3uha2	146	18	's	's	POS
cord-286274-1tb3uha2	146	19	efficiency	efficiency	NN
cord-286274-1tb3uha2	146	20	at	at	IN
cord-286274-1tb3uha2	146	21	generating	generate	VBG
cord-286274-1tb3uha2	146	22	profits	profit	NNS
cord-286274-1tb3uha2	146	23	from	from	IN
cord-286274-1tb3uha2	146	24	every	every	DT
cord-286274-1tb3uha2	146	25	dollar	dollar	NN
cord-286274-1tb3uha2	146	26	of	of	IN
cord-286274-1tb3uha2	146	27	shareholders	shareholder	NNS
cord-286274-1tb3uha2	146	28	'	'	POS
cord-286274-1tb3uha2	146	29	equity	equity	NN
cord-286274-1tb3uha2	146	30	:	:	:
cord-286274-1tb3uha2	146	31	ROE	ROE	NNP
cord-286274-1tb3uha2	146	32	is	be	VBZ
cord-286274-1tb3uha2	146	33	also	also	RB
cord-286274-1tb3uha2	146	34	widely	widely	RB
cord-286274-1tb3uha2	146	35	used	use	VBN
cord-286274-1tb3uha2	146	36	to	to	TO
cord-286274-1tb3uha2	146	37	measure	measure	VB
cord-286274-1tb3uha2	146	38	profitability	profitability	NN
cord-286274-1tb3uha2	146	39	of	of	IN
cord-286274-1tb3uha2	146	40	companies	company	NNS
cord-286274-1tb3uha2	146	41	(	(	-LRB-
cord-286274-1tb3uha2	146	42	Athanasoglou	Athanasoglou	NNP
cord-286274-1tb3uha2	146	43	et	et	NNP
cord-286274-1tb3uha2	146	44	al	al	NNP
cord-286274-1tb3uha2	146	45	.	.	NNP
cord-286274-1tb3uha2	146	46	,	,	,
cord-286274-1tb3uha2	146	47	2008	2008	CD
cord-286274-1tb3uha2	146	48	;	;	:
cord-286274-1tb3uha2	146	49	Capon	Capon	NNP
cord-286274-1tb3uha2	146	50	et	et	NNP
cord-286274-1tb3uha2	146	51	al	al	NNP
cord-286274-1tb3uha2	146	52	.	.	NNP
cord-286274-1tb3uha2	146	53	,	,	,
cord-286274-1tb3uha2	146	54	1990	1990	CD
cord-286274-1tb3uha2	146	55	;	;	:
cord-286274-1tb3uha2	146	56	Chathoth	Chathoth	NNP
cord-286274-1tb3uha2	146	57	&	&	CC
cord-286274-1tb3uha2	146	58	Olsen	Olsen	NNP
cord-286274-1tb3uha2	146	59	,	,	,
cord-286274-1tb3uha2	146	60	2007	2007	CD
cord-286274-1tb3uha2	146	61	;	;	:
cord-286274-1tb3uha2	146	62	Kesner	Kesner	NNP
cord-286274-1tb3uha2	146	63	,	,	,
cord-286274-1tb3uha2	146	64	1987	1987	CD
cord-286274-1tb3uha2	146	65	)	)	-RRB-
cord-286274-1tb3uha2	146	66	.	.	.
cord-286274-1tb3uha2	147	1	Moreover	moreover	RB
cord-286274-1tb3uha2	147	2	,	,	,
cord-286274-1tb3uha2	147	3	Liu	Liu	NNP
cord-286274-1tb3uha2	147	4	and	and	CC
cord-286274-1tb3uha2	147	5	Hung	Hung	NNP
cord-286274-1tb3uha2	147	6	(	(	-LRB-
cord-286274-1tb3uha2	147	7	2006	2006	CD
cord-286274-1tb3uha2	147	8	)	)	-RRB-
cord-286274-1tb3uha2	147	9	argued	argue	VBD
cord-286274-1tb3uha2	147	10	that	that	IN
cord-286274-1tb3uha2	147	11	ROA	ROA	NNP
cord-286274-1tb3uha2	147	12	and	and	CC
cord-286274-1tb3uha2	147	13	ROE	ROE	NNP
cord-286274-1tb3uha2	147	14	can	can	MD
cord-286274-1tb3uha2	147	15	measure	measure	VB
cord-286274-1tb3uha2	147	16	both	both	DT
cord-286274-1tb3uha2	147	17	profitability	profitability	NN
cord-286274-1tb3uha2	147	18	and	and	CC
cord-286274-1tb3uha2	147	19	earnings	earning	NNS
cord-286274-1tb3uha2	147	20	quality	quality	NN
cord-286274-1tb3uha2	147	21	of	of	IN
cord-286274-1tb3uha2	147	22	companies	company	NNS
cord-286274-1tb3uha2	147	23	.	.	.
cord-286274-1tb3uha2	148	1	Stock	stock	NN
cord-286274-1tb3uha2	148	2	return	return	NN
cord-286274-1tb3uha2	148	3	(	(	-LRB-
cord-286274-1tb3uha2	148	4	SR	SR	NNP
cord-286274-1tb3uha2	148	5	)	)	-RRB-
cord-286274-1tb3uha2	148	6	.	.	.
cord-286274-1tb3uha2	149	1	The	the	DT
cord-286274-1tb3uha2	149	2	stock	stock	NN
cord-286274-1tb3uha2	149	3	return	return	NN
cord-286274-1tb3uha2	149	4	is	be	VBZ
cord-286274-1tb3uha2	149	5	the	the	DT
cord-286274-1tb3uha2	149	6	capital	capital	NN
cord-286274-1tb3uha2	149	7	gains	gain	NNS
cord-286274-1tb3uha2	149	8	(	(	-LRB-
cord-286274-1tb3uha2	149	9	or	or	CC
cord-286274-1tb3uha2	149	10	loss	loss	NN
cord-286274-1tb3uha2	149	11	)	)	-RRB-
cord-286274-1tb3uha2	149	12	,	,	,
cord-286274-1tb3uha2	149	13	i.e.	i.e.	FW
cord-286274-1tb3uha2	149	14	the	the	DT
cord-286274-1tb3uha2	149	15	percentage	percentage	NN
cord-286274-1tb3uha2	149	16	change	change	NN
cord-286274-1tb3uha2	149	17	in	in	IN
cord-286274-1tb3uha2	149	18	the	the	DT
cord-286274-1tb3uha2	149	19	price	price	NN
cord-286274-1tb3uha2	149	20	of	of	IN
cord-286274-1tb3uha2	149	21	the	the	DT
cord-286274-1tb3uha2	149	22	stock	stock	NN
cord-286274-1tb3uha2	149	23	divided	divide	VBN
cord-286274-1tb3uha2	149	24	by	by	IN
cord-286274-1tb3uha2	149	25	the	the	DT
cord-286274-1tb3uha2	149	26	initial	initial	JJ
cord-286274-1tb3uha2	149	27	price	price	NN
cord-286274-1tb3uha2	149	28	:	:	:
cord-286274-1tb3uha2	149	29	where	where	WRB
cord-286274-1tb3uha2	149	30	stock	stock	NN
cord-286274-1tb3uha2	149	31	price	price	NN
cord-286274-1tb3uha2	149	32	is	be	VBZ
cord-286274-1tb3uha2	149	33	the	the	DT
cord-286274-1tb3uha2	149	34	closing	closing	NN
cord-286274-1tb3uha2	149	35	price	price	NN
cord-286274-1tb3uha2	149	36	at	at	IN
cord-286274-1tb3uha2	149	37	the	the	DT
cord-286274-1tb3uha2	149	38	end	end	NN
cord-286274-1tb3uha2	149	39	of	of	IN
cord-286274-1tb3uha2	149	40	each	each	DT
cord-286274-1tb3uha2	149	41	quarter	quarter	NN
cord-286274-1tb3uha2	149	42	.	.	.
cord-286274-1tb3uha2	150	1	As	as	IN
cord-286274-1tb3uha2	150	2	Heiman	Heiman	NNP
cord-286274-1tb3uha2	150	3	(	(	-LRB-
cord-286274-1tb3uha2	150	4	1988	1988	CD
cord-286274-1tb3uha2	150	5	)	)	-RRB-
cord-286274-1tb3uha2	150	6	noted	note	VBD
cord-286274-1tb3uha2	150	7	,	,	,
cord-286274-1tb3uha2	150	8	although	although	IN
cord-286274-1tb3uha2	150	9	there	there	EX
cord-286274-1tb3uha2	150	10	are	be	VBP
cord-286274-1tb3uha2	150	11	several	several	JJ
cord-286274-1tb3uha2	150	12	indicators	indicator	NNS
cord-286274-1tb3uha2	150	13	of	of	IN
cord-286274-1tb3uha2	150	14	a	a	DT
cord-286274-1tb3uha2	150	15	company	company	NN
cord-286274-1tb3uha2	150	16	's	's	POS
cord-286274-1tb3uha2	150	17	financial	financial	JJ
cord-286274-1tb3uha2	150	18	success	success	NN
cord-286274-1tb3uha2	150	19	,	,	,
cord-286274-1tb3uha2	150	20	the	the	DT
cord-286274-1tb3uha2	150	21	company	company	NN
cord-286274-1tb3uha2	150	22	's	's	POS
cord-286274-1tb3uha2	150	23	stock	stock	NN
cord-286274-1tb3uha2	150	24	price	price	NN
cord-286274-1tb3uha2	150	25	is	be	VBZ
cord-286274-1tb3uha2	150	26	considered	consider	VBN
cord-286274-1tb3uha2	150	27	to	to	TO
cord-286274-1tb3uha2	150	28	be	be	VB
cord-286274-1tb3uha2	150	29	the	the	DT
cord-286274-1tb3uha2	150	30	most	most	RBS
cord-286274-1tb3uha2	150	31	important	important	JJ
cord-286274-1tb3uha2	150	32	.	.	.
cord-286274-1tb3uha2	151	1	Stock	stock	NN
cord-286274-1tb3uha2	151	2	return	return	NN
cord-286274-1tb3uha2	151	3	has	have	VBZ
cord-286274-1tb3uha2	151	4	been	be	VBN
cord-286274-1tb3uha2	151	5	generally	generally	RB
cord-286274-1tb3uha2	151	6	used	use	VBN
cord-286274-1tb3uha2	151	7	as	as	IN
cord-286274-1tb3uha2	151	8	an	an	DT
cord-286274-1tb3uha2	151	9	indicator	indicator	NN
cord-286274-1tb3uha2	151	10	for	for	IN
cord-286274-1tb3uha2	151	11	corporate	corporate	JJ
cord-286274-1tb3uha2	151	12	performance	performance	NN
cord-286274-1tb3uha2	151	13	(	(	-LRB-
cord-286274-1tb3uha2	151	14	Barro	Barro	NNP
cord-286274-1tb3uha2	151	15	,	,	,
cord-286274-1tb3uha2	151	16	1990	1990	CD
cord-286274-1tb3uha2	151	17	;	;	:
cord-286274-1tb3uha2	151	18	Beckers	Beckers	NNP
cord-286274-1tb3uha2	151	19	et	et	NNP
cord-286274-1tb3uha2	151	20	al	al	NNP
cord-286274-1tb3uha2	151	21	.	.	NNP
cord-286274-1tb3uha2	151	22	,	,	,
cord-286274-1tb3uha2	151	23	1992	1992	CD
cord-286274-1tb3uha2	151	24	;	;	:
cord-286274-1tb3uha2	151	25	Chen	Chen	NNP
cord-286274-1tb3uha2	151	26	,	,	,
cord-286274-1tb3uha2	151	27	2007b	2007b	CD
cord-286274-1tb3uha2	151	28	;	;	:
cord-286274-1tb3uha2	151	29	Chen	Chen	NNP
cord-286274-1tb3uha2	151	30	et	et	NNP
cord-286274-1tb3uha2	151	31	al	al	NNP
cord-286274-1tb3uha2	151	32	.	.	NNP
cord-286274-1tb3uha2	151	33	,	,	,
cord-286274-1tb3uha2	151	34	2005	2005	CD
cord-286274-1tb3uha2	151	35	;	;	:
cord-286274-1tb3uha2	151	36	Fama	Fama	NNP
cord-286274-1tb3uha2	151	37	&	&	CC
cord-286274-1tb3uha2	151	38	French	French	NNP
cord-286274-1tb3uha2	151	39	,	,	,
cord-286274-1tb3uha2	151	40	1988	1988	CD
cord-286274-1tb3uha2	151	41	)	)	-RRB-
cord-286274-1tb3uha2	151	42	.	.	.
cord-286274-1tb3uha2	152	1	The	the	DT
cord-286274-1tb3uha2	152	2	overall	overall	JJ
cord-286274-1tb3uha2	152	3	financial	financial	JJ
cord-286274-1tb3uha2	152	4	performance	performance	NN
cord-286274-1tb3uha2	152	5	(	(	-LRB-
cord-286274-1tb3uha2	152	6	SCORE	score	NN
cord-286274-1tb3uha2	152	7	)	)	-RRB-
cord-286274-1tb3uha2	152	8	.	.	.
cord-286274-1tb3uha2	153	1	As	as	IN
cord-286274-1tb3uha2	153	2	mentioned	mention	VBN
cord-286274-1tb3uha2	153	3	,	,	,
cord-286274-1tb3uha2	153	4	this	this	DT
cord-286274-1tb3uha2	153	5	study	study	NN
cord-286274-1tb3uha2	153	6	uses	use	VBZ
cord-286274-1tb3uha2	153	7	a	a	DT
cord-286274-1tb3uha2	153	8	comprehensive	comprehensive	JJ
cord-286274-1tb3uha2	153	9	score	score	NN
cord-286274-1tb3uha2	153	10	to	to	TO
cord-286274-1tb3uha2	153	11	measure	measure	VB
cord-286274-1tb3uha2	153	12	the	the	DT
cord-286274-1tb3uha2	153	13	overall	overall	JJ
cord-286274-1tb3uha2	153	14	financial	financial	JJ
cord-286274-1tb3uha2	153	15	performance	performance	NN
cord-286274-1tb3uha2	153	16	of	of	IN
cord-286274-1tb3uha2	153	17	hotels	hotel	NNS
cord-286274-1tb3uha2	153	18	.	.	.
cord-286274-1tb3uha2	154	1	The	the	DT
cord-286274-1tb3uha2	154	2	overall	overall	JJ
cord-286274-1tb3uha2	154	3	financial	financial	JJ
cord-286274-1tb3uha2	154	4	performance	performance	NN
cord-286274-1tb3uha2	154	5	or	or	CC
cord-286274-1tb3uha2	154	6	comprehensive	comprehensive	JJ
cord-286274-1tb3uha2	154	7	score	score	NN
cord-286274-1tb3uha2	154	8	combines	combine	VBZ
cord-286274-1tb3uha2	154	9	measures	measure	NNS
cord-286274-1tb3uha2	154	10	of	of	IN
cord-286274-1tb3uha2	154	11	asset	asset	NN
cord-286274-1tb3uha2	154	12	management	management	NN
cord-286274-1tb3uha2	154	13	(	(	-LRB-
cord-286274-1tb3uha2	154	14	total	total	JJ
cord-286274-1tb3uha2	154	15	asset	asset	NN
cord-286274-1tb3uha2	154	16	turnover	turnover	NN
cord-286274-1tb3uha2	154	17	)	)	-RRB-
cord-286274-1tb3uha2	154	18	,	,	,
cord-286274-1tb3uha2	154	19	profitability	profitability	NN
cord-286274-1tb3uha2	154	20	(	(	-LRB-
cord-286274-1tb3uha2	154	21	ROA	ROA	NNP
cord-286274-1tb3uha2	154	22	and	and	CC
cord-286274-1tb3uha2	154	23	ROE	ROE	NNP
cord-286274-1tb3uha2	154	24	)	)	-RRB-
cord-286274-1tb3uha2	154	25	,	,	,
cord-286274-1tb3uha2	154	26	short	short	JJ
cord-286274-1tb3uha2	154	27	-	-	HYPH
cord-286274-1tb3uha2	154	28	term	term	NN
cord-286274-1tb3uha2	154	29	solvency	solvency	NN
cord-286274-1tb3uha2	154	30	or	or	CC
cord-286274-1tb3uha2	154	31	liquidity	liquidity	NN
cord-286274-1tb3uha2	154	32	(	(	-LRB-
cord-286274-1tb3uha2	154	33	current	current	JJ
cord-286274-1tb3uha2	154	34	ratio	ratio	NN
cord-286274-1tb3uha2	154	35	and	and	CC
cord-286274-1tb3uha2	154	36	quick	quick	JJ
cord-286274-1tb3uha2	154	37	ratio	ratio	NN
cord-286274-1tb3uha2	154	38	)	)	-RRB-
cord-286274-1tb3uha2	154	39	and	and	CC
cord-286274-1tb3uha2	154	40	long	long	JJ
cord-286274-1tb3uha2	154	41	-	-	HYPH
cord-286274-1tb3uha2	154	42	term	term	NN
cord-286274-1tb3uha2	154	43	solvency	solvency	NN
cord-286274-1tb3uha2	154	44	(	(	-LRB-
cord-286274-1tb3uha2	154	45	debt	debt	NN
cord-286274-1tb3uha2	154	46	-	-	HYPH
cord-286274-1tb3uha2	154	47	equity	equity	NN
cord-286274-1tb3uha2	154	48	ratio	ratio	NN
cord-286274-1tb3uha2	154	49	)	)	-RRB-
cord-286274-1tb3uha2	154	50	.	.	.
cord-286274-1tb3uha2	155	1	It	-PRON-	PRP
cord-286274-1tb3uha2	155	2	takes	take	VBZ
cord-286274-1tb3uha2	155	3	two	two	CD
cord-286274-1tb3uha2	155	4	steps	step	NNS
cord-286274-1tb3uha2	155	5	to	to	TO
cord-286274-1tb3uha2	155	6	calculate	calculate	VB
cord-286274-1tb3uha2	155	7	the	the	DT
cord-286274-1tb3uha2	155	8	variable	variable	NN
cord-286274-1tb3uha2	155	9	of	of	IN
cord-286274-1tb3uha2	155	10	SCORE	score	NN
cord-286274-1tb3uha2	155	11	.	.	.
cord-286274-1tb3uha2	156	1	The	the	DT
cord-286274-1tb3uha2	156	2	first	first	JJ
cord-286274-1tb3uha2	156	3	step	step	NN
cord-286274-1tb3uha2	156	4	is	be	VBZ
cord-286274-1tb3uha2	156	5	the	the	DT
cord-286274-1tb3uha2	156	6	selection	selection	NN
cord-286274-1tb3uha2	156	7	of	of	IN
cord-286274-1tb3uha2	156	8	related	related	JJ
cord-286274-1tb3uha2	156	9	accounting	accounting	NN
cord-286274-1tb3uha2	156	10	/	/	SYM
cord-286274-1tb3uha2	156	11	financial	financial	JJ
cord-286274-1tb3uha2	156	12	ratios	ratio	NNS
cord-286274-1tb3uha2	156	13	.	.	.
cord-286274-1tb3uha2	157	1	Following	follow	VBG
cord-286274-1tb3uha2	157	2	Boubakri	Boubakri	NNP
cord-286274-1tb3uha2	157	3	et	et	NNP
cord-286274-1tb3uha2	157	4	al	al	NNP
cord-286274-1tb3uha2	157	5	.	.	.
cord-286274-1tb3uha2	158	1	(	(	-LRB-
cord-286274-1tb3uha2	158	2	2005	2005	CD
cord-286274-1tb3uha2	158	3	)	)	-RRB-
cord-286274-1tb3uha2	158	4	,	,	,
cord-286274-1tb3uha2	158	5	Kesner	Kesner	NNP
cord-286274-1tb3uha2	158	6	(	(	-LRB-
cord-286274-1tb3uha2	158	7	1987	1987	CD
cord-286274-1tb3uha2	158	8	)	)	-RRB-
cord-286274-1tb3uha2	158	9	,	,	,
cord-286274-1tb3uha2	158	10	Liu	Liu	NNP
cord-286274-1tb3uha2	158	11	and	and	CC
cord-286274-1tb3uha2	158	12	Hung	Hung	NNP
cord-286274-1tb3uha2	158	13	(	(	-LRB-
cord-286274-1tb3uha2	158	14	2006	2006	CD
cord-286274-1tb3uha2	158	15	)	)	-RRB-
cord-286274-1tb3uha2	158	16	,	,	,
cord-286274-1tb3uha2	158	17	and	and	CC
cord-286274-1tb3uha2	158	18	Otchere	Otchere	NNP
cord-286274-1tb3uha2	158	19	and	and	CC
cord-286274-1tb3uha2	158	20	Chan	Chan	NNP
cord-286274-1tb3uha2	158	21	(	(	-LRB-
cord-286274-1tb3uha2	158	22	2003	2003	CD
cord-286274-1tb3uha2	158	23	)	)	-RRB-
cord-286274-1tb3uha2	158	24	,	,	,
cord-286274-1tb3uha2	158	25	we	-PRON-	PRP
cord-286274-1tb3uha2	158	26	use	use	VBP
cord-286274-1tb3uha2	158	27	several	several	JJ
cord-286274-1tb3uha2	158	28	accounting/	accounting/	DT
cord-286274-1tb3uha2	158	29	financial	financial	JJ
cord-286274-1tb3uha2	158	30	ratios	ratio	NNS
cord-286274-1tb3uha2	158	31	to	to	TO
cord-286274-1tb3uha2	158	32	calculate	calculate	VB
cord-286274-1tb3uha2	158	33	the	the	DT
cord-286274-1tb3uha2	158	34	comprehensive	comprehensive	JJ
cord-286274-1tb3uha2	158	35	score	score	NN
cord-286274-1tb3uha2	158	36	(	(	-LRB-
cord-286274-1tb3uha2	158	37	SCORE	score	NN
cord-286274-1tb3uha2	158	38	)	)	-RRB-
cord-286274-1tb3uha2	158	39	.	.	.
cord-286274-1tb3uha2	159	1	The	the	DT
cord-286274-1tb3uha2	159	2	accounting	accounting	NN
cord-286274-1tb3uha2	159	3	ratios	ratio	NNS
cord-286274-1tb3uha2	159	4	selected	select	VBN
cord-286274-1tb3uha2	159	5	in	in	IN
cord-286274-1tb3uha2	159	6	the	the	DT
cord-286274-1tb3uha2	159	7	study	study	NN
cord-286274-1tb3uha2	159	8	need	need	VBP
cord-286274-1tb3uha2	159	9	to	to	TO
cord-286274-1tb3uha2	159	10	meet	meet	VB
cord-286274-1tb3uha2	159	11	two	two	CD
cord-286274-1tb3uha2	159	12	criteria	criterion	NNS
cord-286274-1tb3uha2	159	13	.	.	.
cord-286274-1tb3uha2	160	1	The	the	DT
cord-286274-1tb3uha2	160	2	accounting	accounting	NN
cord-286274-1tb3uha2	160	3	ratios	ratio	NNS
cord-286274-1tb3uha2	160	4	have	have	VBP
cord-286274-1tb3uha2	160	5	to	to	TO
cord-286274-1tb3uha2	160	6	have	have	VB
cord-286274-1tb3uha2	160	7	complete	complete	JJ
cord-286274-1tb3uha2	160	8	data	datum	NNS
cord-286274-1tb3uha2	160	9	from	from	IN
cord-286274-1tb3uha2	160	10	the	the	DT
cord-286274-1tb3uha2	160	11	second	second	JJ
cord-286274-1tb3uha2	160	12	quarter	quarter	NN
cord-286274-1tb3uha2	160	13	of	of	IN
cord-286274-1tb3uha2	160	14	1997	1997	CD
cord-286274-1tb3uha2	160	15	to	to	IN
cord-286274-1tb3uha2	160	16	the	the	DT
cord-286274-1tb3uha2	160	17	first	first	JJ
cord-286274-1tb3uha2	160	18	quarter	quarter	NN
cord-286274-1tb3uha2	160	19	of	of	IN
cord-286274-1tb3uha2	160	20	2008	2008	CD
cord-286274-1tb3uha2	160	21	.	.	.
cord-286274-1tb3uha2	161	1	Moreover	moreover	RB
cord-286274-1tb3uha2	161	2	,	,	,
cord-286274-1tb3uha2	161	3	the	the	DT
cord-286274-1tb3uha2	161	4	selected	select	VBN
cord-286274-1tb3uha2	161	5	accounting	accounting	NN
cord-286274-1tb3uha2	161	6	variables	variable	NNS
cord-286274-1tb3uha2	161	7	can	can	MD
cord-286274-1tb3uha2	161	8	represent	represent	VB
cord-286274-1tb3uha2	161	9	six	six	CD
cord-286274-1tb3uha2	161	10	dimensions	dimension	NNS
cord-286274-1tb3uha2	161	11	of	of	IN
cord-286274-1tb3uha2	161	12	corporate	corporate	JJ
cord-286274-1tb3uha2	161	13	performance	performance	NN
cord-286274-1tb3uha2	161	14	:	:	:
cord-286274-1tb3uha2	161	15	capital	capital	NN
cord-286274-1tb3uha2	161	16	adequacy	adequacy	NN
cord-286274-1tb3uha2	161	17	,	,	,
cord-286274-1tb3uha2	161	18	asset	asset	NN
cord-286274-1tb3uha2	161	19	quality	quality	NN
cord-286274-1tb3uha2	161	20	,	,	,
cord-286274-1tb3uha2	161	21	management	management	NN
cord-286274-1tb3uha2	161	22	,	,	,
cord-286274-1tb3uha2	161	23	earnings	earning	NNS
cord-286274-1tb3uha2	161	24	,	,	,
cord-286274-1tb3uha2	161	25	liquidity	liquidity	NN
cord-286274-1tb3uha2	161	26	,	,	,
cord-286274-1tb3uha2	161	27	and	and	CC
cord-286274-1tb3uha2	161	28	sensitivity	sensitivity	NN
cord-286274-1tb3uha2	161	29	to	to	IN
cord-286274-1tb3uha2	161	30	market	market	NN
cord-286274-1tb3uha2	161	31	risks	risk	NNS
cord-286274-1tb3uha2	161	32	(	(	-LRB-
cord-286274-1tb3uha2	161	33	Persons	person	NNS
cord-286274-1tb3uha2	161	34	,	,	,
cord-286274-1tb3uha2	161	35	1999	1999	CD
cord-286274-1tb3uha2	161	36	;	;	:
cord-286274-1tb3uha2	161	37	Thomson	Thomson	NNP
cord-286274-1tb3uha2	161	38	,	,	,
cord-286274-1tb3uha2	161	39	1991	1991	CD
cord-286274-1tb3uha2	161	40	)	)	-RRB-
cord-286274-1tb3uha2	161	41	.	.	.
cord-286274-1tb3uha2	162	1	Accordingly	accordingly	RB
cord-286274-1tb3uha2	162	2	,	,	,
cord-286274-1tb3uha2	162	3	six	six	CD
cord-286274-1tb3uha2	162	4	accounting	accounting	NN
cord-286274-1tb3uha2	162	5	ratios	ratio	NNS
cord-286274-1tb3uha2	162	6	are	be	VBP
cord-286274-1tb3uha2	162	7	selected	select	VBN
cord-286274-1tb3uha2	162	8	in	in	IN
cord-286274-1tb3uha2	162	9	the	the	DT
cord-286274-1tb3uha2	162	10	study	study	NN
cord-286274-1tb3uha2	162	11	:	:	:
cord-286274-1tb3uha2	162	12	debt	debt	NN
cord-286274-1tb3uha2	162	13	-	-	HYPH
cord-286274-1tb3uha2	162	14	equity	equity	NN
cord-286274-1tb3uha2	162	15	ratio	ratio	NN
cord-286274-1tb3uha2	162	16	,	,	,
cord-286274-1tb3uha2	162	17	total	total	JJ
cord-286274-1tb3uha2	162	18	asset	asset	NN
cord-286274-1tb3uha2	162	19	turnover	turnover	NN
cord-286274-1tb3uha2	162	20	,	,	,
cord-286274-1tb3uha2	162	21	current	current	JJ
cord-286274-1tb3uha2	162	22	ratio	ratio	NN
cord-286274-1tb3uha2	162	23	,	,	,
cord-286274-1tb3uha2	162	24	return	return	VB
cord-286274-1tb3uha2	162	25	on	on	IN
cord-286274-1tb3uha2	162	26	assets	asset	NNS
cord-286274-1tb3uha2	162	27	,	,	,
cord-286274-1tb3uha2	162	28	return	return	VB
cord-286274-1tb3uha2	162	29	on	on	IN
cord-286274-1tb3uha2	162	30	equity	equity	NN
cord-286274-1tb3uha2	162	31	and	and	CC
cord-286274-1tb3uha2	162	32	quick	quick	JJ
cord-286274-1tb3uha2	162	33	ratio	ratio	NN
cord-286274-1tb3uha2	162	34	.	.	.
cord-286274-1tb3uha2	163	1	The	the	DT
cord-286274-1tb3uha2	163	2	quarterly	quarterly	JJ
cord-286274-1tb3uha2	163	3	data	datum	NNS
cord-286274-1tb3uha2	163	4	of	of	IN
cord-286274-1tb3uha2	163	5	six	six	CD
cord-286274-1tb3uha2	163	6	financial	financial	JJ
cord-286274-1tb3uha2	163	7	ratios	ratio	NNS
cord-286274-1tb3uha2	163	8	are	be	VBP
cord-286274-1tb3uha2	163	9	also	also	RB
cord-286274-1tb3uha2	163	10	obtained	obtain	VBN
cord-286274-1tb3uha2	163	11	from	from	IN
cord-286274-1tb3uha2	163	12	the	the	DT
cord-286274-1tb3uha2	163	13	TEJ	TEJ	NNP
cord-286274-1tb3uha2	163	14	database	database	NN
cord-286274-1tb3uha2	163	15	.	.	.
cord-286274-1tb3uha2	164	1	Total	total	JJ
cord-286274-1tb3uha2	164	2	asset	asset	NN
cord-286274-1tb3uha2	164	3	turnover	turnover	NN
cord-286274-1tb3uha2	164	4	(	(	-LRB-
cord-286274-1tb3uha2	164	5	TAT	tat	NN
cord-286274-1tb3uha2	164	6	)	)	-RRB-
cord-286274-1tb3uha2	164	7	measures	measure	VBZ
cord-286274-1tb3uha2	164	8	how	how	WRB
cord-286274-1tb3uha2	164	9	efficiently	efficiently	RB
cord-286274-1tb3uha2	164	10	a	a	DT
cord-286274-1tb3uha2	164	11	company	company	NN
cord-286274-1tb3uha2	164	12	uses	use	VBZ
cord-286274-1tb3uha2	164	13	its	-PRON-	PRP$
cord-286274-1tb3uha2	164	14	assets	asset	NNS
cord-286274-1tb3uha2	164	15	to	to	TO
cord-286274-1tb3uha2	164	16	generate	generate	VB
cord-286274-1tb3uha2	164	17	sales	sale	NNS
cord-286274-1tb3uha2	164	18	(	(	-LRB-
cord-286274-1tb3uha2	164	19	Weygandt	Weygandt	NNP
cord-286274-1tb3uha2	164	20	,	,	,
cord-286274-1tb3uha2	164	21	Kieso	Kieso	NNP
cord-286274-1tb3uha2	164	22	,	,	,
cord-286274-1tb3uha2	164	23	&	&	CC
cord-286274-1tb3uha2	164	24	Kimmel	Kimmel	NNP
cord-286274-1tb3uha2	164	25	,	,	,
cord-286274-1tb3uha2	164	26	2006	2006	CD
cord-286274-1tb3uha2	164	27	)	)	-RRB-
cord-286274-1tb3uha2	164	28	:	:	:
cord-286274-1tb3uha2	165	1	Total	total	JJ
cord-286274-1tb3uha2	165	2	asset	asset	NN
cord-286274-1tb3uha2	165	3	turnover	turnover	NN
cord-286274-1tb3uha2	165	4	,	,	,
cord-286274-1tb3uha2	165	5	the	the	DT
cord-286274-1tb3uha2	165	6	proxy	proxy	NN
cord-286274-1tb3uha2	165	7	of	of	IN
cord-286274-1tb3uha2	165	8	management	management	NN
cord-286274-1tb3uha2	165	9	capability	capability	NN
cord-286274-1tb3uha2	165	10	,	,	,
cord-286274-1tb3uha2	165	11	can	can	MD
cord-286274-1tb3uha2	165	12	measure	measure	VB
cord-286274-1tb3uha2	165	13	the	the	DT
cord-286274-1tb3uha2	165	14	operating	operating	NN
cord-286274-1tb3uha2	165	15	efficiency	efficiency	NN
cord-286274-1tb3uha2	165	16	that	that	WDT
cord-286274-1tb3uha2	165	17	the	the	DT
cord-286274-1tb3uha2	165	18	board	board	NN
cord-286274-1tb3uha2	165	19	of	of	IN
cord-286274-1tb3uha2	165	20	directors	director	NNS
cord-286274-1tb3uha2	165	21	and	and	CC
cord-286274-1tb3uha2	165	22	senior	senior	JJ
cord-286274-1tb3uha2	165	23	managers	manager	NNS
cord-286274-1tb3uha2	165	24	command	command	VBP
cord-286274-1tb3uha2	165	25	total	total	JJ
cord-286274-1tb3uha2	165	26	assets	asset	NNS
cord-286274-1tb3uha2	166	1	(	(	-LRB-
cord-286274-1tb3uha2	166	2	Gonzalez	Gonzalez	NNP
cord-286274-1tb3uha2	166	3	-	-	HYPH
cord-286274-1tb3uha2	166	4	Hermosillo	Hermosillo	NNP
cord-286274-1tb3uha2	166	5	et	et	NNP
cord-286274-1tb3uha2	166	6	al	al	NNP
cord-286274-1tb3uha2	166	7	.	.	NNP
cord-286274-1tb3uha2	166	8	,	,	,
cord-286274-1tb3uha2	166	9	1997	1997	CD
cord-286274-1tb3uha2	166	10	;	;	:
cord-286274-1tb3uha2	166	11	Persons	Persons	NNPS
cord-286274-1tb3uha2	166	12	,	,	,
cord-286274-1tb3uha2	166	13	1999	1999	CD
cord-286274-1tb3uha2	166	14	)	)	-RRB-
cord-286274-1tb3uha2	166	15	.	.	.
cord-286274-1tb3uha2	167	1	Gu	Gu	NNP
cord-286274-1tb3uha2	167	2	and	and	CC
cord-286274-1tb3uha2	167	3	Kim	Kim	NNP
cord-286274-1tb3uha2	167	4	(	(	-LRB-
cord-286274-1tb3uha2	167	5	1998	1998	CD
cord-286274-1tb3uha2	167	6	)	)	-RRB-
cord-286274-1tb3uha2	167	7	suggested	suggest	VBD
cord-286274-1tb3uha2	167	8	that	that	IN
cord-286274-1tb3uha2	167	9	a	a	DT
cord-286274-1tb3uha2	167	10	high	high	JJ
cord-286274-1tb3uha2	167	11	level	level	NN
cord-286274-1tb3uha2	167	12	of	of	IN
cord-286274-1tb3uha2	167	13	operational	operational	JJ
cord-286274-1tb3uha2	167	14	efficiency	efficiency	NN
cord-286274-1tb3uha2	167	15	leads	lead	VBZ
cord-286274-1tb3uha2	167	16	to	to	IN
cord-286274-1tb3uha2	167	17	an	an	DT
cord-286274-1tb3uha2	167	18	increase	increase	NN
cord-286274-1tb3uha2	167	19	in	in	IN
cord-286274-1tb3uha2	167	20	profit	profit	NN
cord-286274-1tb3uha2	167	21	.	.	.
cord-286274-1tb3uha2	168	1	Current	current	JJ
cord-286274-1tb3uha2	168	2	ratio	ratio	NN
cord-286274-1tb3uha2	168	3	(	(	-LRB-
cord-286274-1tb3uha2	168	4	CR	CR	NNP
cord-286274-1tb3uha2	168	5	)	)	-RRB-
cord-286274-1tb3uha2	168	6	is	be	VBZ
cord-286274-1tb3uha2	168	7	a	a	DT
cord-286274-1tb3uha2	168	8	widely	widely	RB
cord-286274-1tb3uha2	168	9	used	use	VBN
cord-286274-1tb3uha2	168	10	measure	measure	NN
cord-286274-1tb3uha2	168	11	for	for	IN
cord-286274-1tb3uha2	168	12	evaluating	evaluate	VBG
cord-286274-1tb3uha2	168	13	a	a	DT
cord-286274-1tb3uha2	168	14	company	company	NN
cord-286274-1tb3uha2	168	15	's	's	POS
cord-286274-1tb3uha2	168	16	liquidity	liquidity	NN
cord-286274-1tb3uha2	168	17	and	and	CC
cord-286274-1tb3uha2	168	18	short	short	JJ
cord-286274-1tb3uha2	168	19	-	-	HYPH
cord-286274-1tb3uha2	168	20	term	term	NN
cord-286274-1tb3uha2	168	21	debt	debt	NN
cord-286274-1tb3uha2	168	22	-	-	HYPH
cord-286274-1tb3uha2	168	23	paying	pay	VBG
cord-286274-1tb3uha2	168	24	ability	ability	NN
cord-286274-1tb3uha2	168	25	(	(	-LRB-
cord-286274-1tb3uha2	168	26	Weygandt	Weygandt	NNP
cord-286274-1tb3uha2	168	27	et	et	NNP
cord-286274-1tb3uha2	168	28	al	al	NNP
cord-286274-1tb3uha2	168	29	.	.	NNP
cord-286274-1tb3uha2	168	30	,	,	,
cord-286274-1tb3uha2	168	31	2006	2006	CD
cord-286274-1tb3uha2	168	32	)	)	-RRB-
cord-286274-1tb3uha2	168	33	:	:	:
cord-286274-1tb3uha2	169	1	According	accord	VBG
cord-286274-1tb3uha2	169	2	to	to	IN
cord-286274-1tb3uha2	169	3	Kallberg	Kallberg	NNP
cord-286274-1tb3uha2	169	4	and	and	CC
cord-286274-1tb3uha2	169	5	Parkinson	Parkinson	NNP
cord-286274-1tb3uha2	169	6	(	(	-LRB-
cord-286274-1tb3uha2	169	7	1992	1992	CD
cord-286274-1tb3uha2	169	8	)	)	-RRB-
cord-286274-1tb3uha2	169	9	,	,	,
cord-286274-1tb3uha2	169	10	corporate	corporate	JJ
cord-286274-1tb3uha2	169	11	liquidity	liquidity	NN
cord-286274-1tb3uha2	169	12	can	can	MD
cord-286274-1tb3uha2	169	13	be	be	VB
cord-286274-1tb3uha2	169	14	used	use	VBN
cord-286274-1tb3uha2	169	15	to	to	TO
cord-286274-1tb3uha2	169	16	access	access	VB
cord-286274-1tb3uha2	169	17	the	the	DT
cord-286274-1tb3uha2	169	18	management	management	NN
cord-286274-1tb3uha2	169	19	of	of	IN
cord-286274-1tb3uha2	169	20	the	the	DT
cord-286274-1tb3uha2	169	21	firm	firm	NN
cord-286274-1tb3uha2	169	22	's	's	POS
cord-286274-1tb3uha2	169	23	assets	asset	NNS
cord-286274-1tb3uha2	169	24	.	.	.
cord-286274-1tb3uha2	170	1	Kim	Kim	NNP
cord-286274-1tb3uha2	170	2	,	,	,
cord-286274-1tb3uha2	170	3	Mauer	Mauer	NNP
cord-286274-1tb3uha2	170	4	,	,	,
cord-286274-1tb3uha2	170	5	and	and	CC
cord-286274-1tb3uha2	170	6	Sherman	Sherman	NNP
cord-286274-1tb3uha2	170	7	(	(	-LRB-
cord-286274-1tb3uha2	170	8	1998	1998	CD
cord-286274-1tb3uha2	170	9	)	)	-RRB-
cord-286274-1tb3uha2	170	10	stated	state	VBD
cord-286274-1tb3uha2	170	11	that	that	IN
cord-286274-1tb3uha2	170	12	the	the	DT
cord-286274-1tb3uha2	170	13	relationship	relationship	NN
cord-286274-1tb3uha2	170	14	between	between	IN
cord-286274-1tb3uha2	170	15	the	the	DT
cord-286274-1tb3uha2	170	16	liquid	liquid	JJ
cord-286274-1tb3uha2	170	17	asset	asset	NN
cord-286274-1tb3uha2	170	18	holdings	holding	NNS
cord-286274-1tb3uha2	170	19	and	and	CC
cord-286274-1tb3uha2	170	20	the	the	DT
cord-286274-1tb3uha2	170	21	firm	firm	NN
cord-286274-1tb3uha2	170	22	's	's	POS
cord-286274-1tb3uha2	170	23	growth	growth	NN
cord-286274-1tb3uha2	170	24	opportunities	opportunity	NNS
cord-286274-1tb3uha2	170	25	might	may	MD
cord-286274-1tb3uha2	170	26	be	be	VB
cord-286274-1tb3uha2	170	27	positive	positive	JJ
cord-286274-1tb3uha2	170	28	.	.	.
cord-286274-1tb3uha2	171	1	Myers	Myers	NNP
cord-286274-1tb3uha2	171	2	(	(	-LRB-
cord-286274-1tb3uha2	171	3	1977	1977	CD
cord-286274-1tb3uha2	171	4	)	)	-RRB-
cord-286274-1tb3uha2	171	5	argued	argue	VBD
cord-286274-1tb3uha2	171	6	that	that	IN
cord-286274-1tb3uha2	171	7	maintaining	maintain	VBG
cord-286274-1tb3uha2	171	8	high	high	JJ
cord-286274-1tb3uha2	171	9	liquidity	liquidity	NN
cord-286274-1tb3uha2	171	10	might	may	MD
cord-286274-1tb3uha2	171	11	help	help	VB
cord-286274-1tb3uha2	171	12	in	in	IN
cord-286274-1tb3uha2	171	13	reducing	reduce	VBG
cord-286274-1tb3uha2	171	14	the	the	DT
cord-286274-1tb3uha2	171	15	financial	financial	JJ
cord-286274-1tb3uha2	171	16	distress	distress	NN
cord-286274-1tb3uha2	171	17	.	.	.
cord-286274-1tb3uha2	172	1	However	however	RB
cord-286274-1tb3uha2	172	2	,	,	,
cord-286274-1tb3uha2	172	3	high	high	JJ
cord-286274-1tb3uha2	172	4	liquidity	liquidity	NN
cord-286274-1tb3uha2	172	5	might	may	MD
cord-286274-1tb3uha2	172	6	also	also	RB
cord-286274-1tb3uha2	172	7	indicate	indicate	VB
cord-286274-1tb3uha2	172	8	that	that	IN
cord-286274-1tb3uha2	172	9	available	available	JJ
cord-286274-1tb3uha2	172	10	resources	resource	NNS
cord-286274-1tb3uha2	172	11	are	be	VBP
cord-286274-1tb3uha2	172	12	not	not	RB
cord-286274-1tb3uha2	172	13	wisely	wisely	RB
cord-286274-1tb3uha2	172	14	invested	invest	VBN
cord-286274-1tb3uha2	172	15	,	,	,
cord-286274-1tb3uha2	172	16	which	which	WDT
cord-286274-1tb3uha2	172	17	may	may	MD
cord-286274-1tb3uha2	172	18	increase	increase	VB
cord-286274-1tb3uha2	172	19	the	the	DT
cord-286274-1tb3uha2	172	20	investors	investor	NNS
cord-286274-1tb3uha2	172	21	'	'	POS
cord-286274-1tb3uha2	172	22	risk	risk	NN
cord-286274-1tb3uha2	172	23	perception	perception	NN
cord-286274-1tb3uha2	172	24	(	(	-LRB-
cord-286274-1tb3uha2	172	25	Borde	Borde	NNP
cord-286274-1tb3uha2	172	26	,	,	,
cord-286274-1tb3uha2	172	27	1998	1998	CD
cord-286274-1tb3uha2	172	28	)	)	-RRB-
cord-286274-1tb3uha2	172	29	.	.	.
cord-286274-1tb3uha2	173	1	Quick	quick	JJ
cord-286274-1tb3uha2	173	2	ratio	ratio	NN
cord-286274-1tb3uha2	173	3	(	(	-LRB-
cord-286274-1tb3uha2	173	4	QR	QR	NNP
cord-286274-1tb3uha2	173	5	)	)	-RRB-
cord-286274-1tb3uha2	173	6	is	be	VBZ
cord-286274-1tb3uha2	173	7	a	a	DT
cord-286274-1tb3uha2	173	8	measure	measure	NN
cord-286274-1tb3uha2	173	9	of	of	IN
cord-286274-1tb3uha2	173	10	a	a	DT
cord-286274-1tb3uha2	173	11	company	company	NN
cord-286274-1tb3uha2	173	12	's	's	POS
cord-286274-1tb3uha2	173	13	immediate	immediate	JJ
cord-286274-1tb3uha2	173	14	shortterm	shortterm	JJ
cord-286274-1tb3uha2	173	15	liquidity	liquidity	NN
cord-286274-1tb3uha2	173	16	(	(	-LRB-
cord-286274-1tb3uha2	173	17	Weygandt	Weygandt	NNP
cord-286274-1tb3uha2	173	18	et	et	NNP
cord-286274-1tb3uha2	173	19	al	al	NNP
cord-286274-1tb3uha2	173	20	.	.	NNP
cord-286274-1tb3uha2	173	21	,	,	,
cord-286274-1tb3uha2	173	22	2006	2006	CD
cord-286274-1tb3uha2	173	23	)	)	-RRB-
cord-286274-1tb3uha2	173	24	:	:	:
cord-286274-1tb3uha2	173	25	The	the	DT
cord-286274-1tb3uha2	173	26	quick	quick	JJ
cord-286274-1tb3uha2	173	27	ratio	ratio	NN
cord-286274-1tb3uha2	173	28	also	also	RB
cord-286274-1tb3uha2	173	29	represents	represent	VBZ
cord-286274-1tb3uha2	173	30	the	the	DT
cord-286274-1tb3uha2	173	31	liquidity	liquidity	NN
cord-286274-1tb3uha2	173	32	of	of	IN
cord-286274-1tb3uha2	173	33	companies	company	NNS
cord-286274-1tb3uha2	173	34	.	.	.
cord-286274-1tb3uha2	174	1	According	accord	VBG
cord-286274-1tb3uha2	174	2	to	to	IN
cord-286274-1tb3uha2	174	3	Ross	Ross	NNP
cord-286274-1tb3uha2	174	4	et	et	NNP
cord-286274-1tb3uha2	174	5	al	al	NNP
cord-286274-1tb3uha2	174	6	.	.	.
cord-286274-1tb3uha2	175	1	(	(	-LRB-
cord-286274-1tb3uha2	175	2	2008	2008	CD
cord-286274-1tb3uha2	175	3	)	)	-RRB-
cord-286274-1tb3uha2	175	4	,	,	,
cord-286274-1tb3uha2	175	5	inventory	inventory	NN
cord-286274-1tb3uha2	175	6	is	be	VBZ
cord-286274-1tb3uha2	175	7	often	often	RB
cord-286274-1tb3uha2	175	8	the	the	DT
cord-286274-1tb3uha2	175	9	least	least	JJS
cord-286274-1tb3uha2	175	10	liquid	liquid	JJ
cord-286274-1tb3uha2	175	11	current	current	JJ
cord-286274-1tb3uha2	175	12	asset	asset	NN
cord-286274-1tb3uha2	175	13	.	.	.
cord-286274-1tb3uha2	176	1	They	-PRON-	PRP
cord-286274-1tb3uha2	176	2	indicated	indicate	VBD
cord-286274-1tb3uha2	176	3	that	that	DT
cord-286274-1tb3uha2	176	4	book	book	NN
cord-286274-1tb3uha2	176	5	value	value	NN
cord-286274-1tb3uha2	176	6	is	be	VBZ
cord-286274-1tb3uha2	176	7	not	not	RB
cord-286274-1tb3uha2	176	8	a	a	DT
cord-286274-1tb3uha2	176	9	very	very	RB
cord-286274-1tb3uha2	176	10	reliable	reliable	JJ
cord-286274-1tb3uha2	176	11	measure	measure	NN
cord-286274-1tb3uha2	176	12	of	of	IN
cord-286274-1tb3uha2	176	13	market	market	NN
cord-286274-1tb3uha2	176	14	values	value	NNS
cord-286274-1tb3uha2	176	15	because	because	IN
cord-286274-1tb3uha2	176	16	it	-PRON-	PRP
cord-286274-1tb3uha2	176	17	fails	fail	VBZ
cord-286274-1tb3uha2	176	18	to	to	TO
cord-286274-1tb3uha2	176	19	take	take	VB
cord-286274-1tb3uha2	176	20	the	the	DT
cord-286274-1tb3uha2	176	21	quality	quality	NN
cord-286274-1tb3uha2	176	22	of	of	IN
cord-286274-1tb3uha2	176	23	the	the	DT
cord-286274-1tb3uha2	176	24	inventory	inventory	NN
cord-286274-1tb3uha2	176	25	into	into	IN
cord-286274-1tb3uha2	176	26	consideration	consideration	NN
cord-286274-1tb3uha2	176	27	.	.	.
cord-286274-1tb3uha2	177	1	Relatively	relatively	RB
cord-286274-1tb3uha2	177	2	large	large	JJ
cord-286274-1tb3uha2	177	3	inventories	inventory	NNS
cord-286274-1tb3uha2	177	4	are	be	VBP
cord-286274-1tb3uha2	177	5	often	often	RB
cord-286274-1tb3uha2	177	6	a	a	DT
cord-286274-1tb3uha2	177	7	sign	sign	NN
cord-286274-1tb3uha2	177	8	of	of	IN
cord-286274-1tb3uha2	177	9	problems	problem	NNS
cord-286274-1tb3uha2	177	10	with	with	IN
cord-286274-1tb3uha2	177	11	short	short	JJ
cord-286274-1tb3uha2	177	12	-	-	HYPH
cord-286274-1tb3uha2	177	13	term	term	NN
cord-286274-1tb3uha2	177	14	liquidity	liquidity	NN
cord-286274-1tb3uha2	177	15	.	.	.
cord-286274-1tb3uha2	178	1	It	-PRON-	PRP
cord-286274-1tb3uha2	178	2	is	be	VBZ
cord-286274-1tb3uha2	178	3	important	important	JJ
cord-286274-1tb3uha2	178	4	for	for	IN
cord-286274-1tb3uha2	178	5	firms	firm	NNS
cord-286274-1tb3uha2	178	6	to	to	TO
cord-286274-1tb3uha2	178	7	maintain	maintain	VB
cord-286274-1tb3uha2	178	8	the	the	DT
cord-286274-1tb3uha2	178	9	optimal	optimal	JJ
cord-286274-1tb3uha2	178	10	liquidity	liquidity	NN
cord-286274-1tb3uha2	178	11	reserve	reserve	NN
cord-286274-1tb3uha2	178	12	for	for	IN
cord-286274-1tb3uha2	178	13	contingent	contingent	JJ
cord-286274-1tb3uha2	178	14	use	use	NN
cord-286274-1tb3uha2	178	15	.	.	.
cord-286274-1tb3uha2	179	1	Debt	debt	NN
cord-286274-1tb3uha2	179	2	-	-	HYPH
cord-286274-1tb3uha2	179	3	equity	equity	NN
cord-286274-1tb3uha2	179	4	ratio	ratio	NN
cord-286274-1tb3uha2	179	5	(	(	-LRB-
cord-286274-1tb3uha2	179	6	DE	DE	NNP
cord-286274-1tb3uha2	179	7	)	)	-RRB-
cord-286274-1tb3uha2	179	8	is	be	VBZ
cord-286274-1tb3uha2	179	9	also	also	RB
cord-286274-1tb3uha2	179	10	called	call	VBN
cord-286274-1tb3uha2	179	11	leverage	leverage	NN
cord-286274-1tb3uha2	179	12	ratio	ratio	NN
cord-286274-1tb3uha2	179	13	and	and	CC
cord-286274-1tb3uha2	179	14	used	use	VBD
cord-286274-1tb3uha2	179	15	to	to	TO
cord-286274-1tb3uha2	179	16	examine	examine	VB
cord-286274-1tb3uha2	179	17	the	the	DT
cord-286274-1tb3uha2	179	18	firm	firm	NN
cord-286274-1tb3uha2	179	19	's	's	POS
cord-286274-1tb3uha2	179	20	long	long	RB
cord-286274-1tb3uha2	179	21	-	-	HYPH
cord-286274-1tb3uha2	179	22	run	run	NN
cord-286274-1tb3uha2	179	23	ability	ability	NN
cord-286274-1tb3uha2	179	24	to	to	TO
cord-286274-1tb3uha2	179	25	meet	meet	VB
cord-286274-1tb3uha2	179	26	its	-PRON-	PRP$
cord-286274-1tb3uha2	179	27	obligations	obligation	NNS
cord-286274-1tb3uha2	179	28	or	or	CC
cord-286274-1tb3uha2	179	29	financial	financial	JJ
cord-286274-1tb3uha2	179	30	leverage	leverage	NN
cord-286274-1tb3uha2	180	1	(	(	-LRB-
cord-286274-1tb3uha2	180	2	Ross	Ross	NNP
cord-286274-1tb3uha2	180	3	et	et	NNP
cord-286274-1tb3uha2	180	4	al	al	NNP
cord-286274-1tb3uha2	180	5	.	.	NNP
cord-286274-1tb3uha2	180	6	,	,	,
cord-286274-1tb3uha2	180	7	2008	2008	CD
cord-286274-1tb3uha2	180	8	)	)	-RRB-
cord-286274-1tb3uha2	180	9	:	:	:
cord-286274-1tb3uha2	181	1	Liu	Liu	NNP
cord-286274-1tb3uha2	181	2	and	and	CC
cord-286274-1tb3uha2	181	3	Hung	Hung	NNP
cord-286274-1tb3uha2	181	4	(	(	-LRB-
cord-286274-1tb3uha2	181	5	2006	2006	CD
cord-286274-1tb3uha2	181	6	)	)	-RRB-
cord-286274-1tb3uha2	181	7	used	use	VBD
cord-286274-1tb3uha2	181	8	this	this	DT
cord-286274-1tb3uha2	181	9	variable	variable	NN
cord-286274-1tb3uha2	181	10	as	as	IN
cord-286274-1tb3uha2	181	11	the	the	DT
cord-286274-1tb3uha2	181	12	proxy	proxy	NN
cord-286274-1tb3uha2	181	13	of	of	IN
cord-286274-1tb3uha2	181	14	capital	capital	NN
cord-286274-1tb3uha2	181	15	adequacy	adequacy	NN
cord-286274-1tb3uha2	181	16	to	to	TO
cord-286274-1tb3uha2	181	17	measure	measure	VB
cord-286274-1tb3uha2	181	18	if	if	IN
cord-286274-1tb3uha2	181	19	companies	company	NNS
cord-286274-1tb3uha2	181	20	maintain	maintain	VBP
cord-286274-1tb3uha2	181	21	ample	ample	JJ
cord-286274-1tb3uha2	181	22	capital	capital	NN
cord-286274-1tb3uha2	181	23	to	to	TO
cord-286274-1tb3uha2	181	24	monitor	monitor	VB
cord-286274-1tb3uha2	181	25	their	-PRON-	PRP$
cord-286274-1tb3uha2	181	26	own	own	JJ
cord-286274-1tb3uha2	181	27	risk	risk	NN
cord-286274-1tb3uha2	181	28	.	.	.
cord-286274-1tb3uha2	182	1	Barton	Barton	NNP
cord-286274-1tb3uha2	182	2	and	and	CC
cord-286274-1tb3uha2	182	3	Gordon	Gordon	NNP
cord-286274-1tb3uha2	182	4	(	(	-LRB-
cord-286274-1tb3uha2	182	5	1987	1987	CD
cord-286274-1tb3uha2	182	6	)	)	-RRB-
cord-286274-1tb3uha2	182	7	noted	note	VBD
cord-286274-1tb3uha2	182	8	,	,	,
cord-286274-1tb3uha2	182	9	if	if	IN
cord-286274-1tb3uha2	182	10	the	the	DT
cord-286274-1tb3uha2	182	11	environmental	environmental	JJ
cord-286274-1tb3uha2	182	12	conditions	condition	NNS
cord-286274-1tb3uha2	182	13	are	be	VBP
cord-286274-1tb3uha2	182	14	favorable	favorable	JJ
cord-286274-1tb3uha2	182	15	for	for	IN
cord-286274-1tb3uha2	182	16	firm	firm	NN
cord-286274-1tb3uha2	182	17	's	's	POS
cord-286274-1tb3uha2	182	18	growth	growth	NN
cord-286274-1tb3uha2	182	19	,	,	,
cord-286274-1tb3uha2	182	20	firms	firm	NNS
cord-286274-1tb3uha2	182	21	will	will	MD
cord-286274-1tb3uha2	182	22	use	use	VB
cord-286274-1tb3uha2	182	23	more	more	JJR
cord-286274-1tb3uha2	182	24	equity	equity	NN
cord-286274-1tb3uha2	182	25	and	and	CC
cord-286274-1tb3uha2	182	26	less	less	JJR
cord-286274-1tb3uha2	182	27	debt	debt	NN
cord-286274-1tb3uha2	182	28	to	to	TO
cord-286274-1tb3uha2	182	29	fund	fund	VB
cord-286274-1tb3uha2	182	30	their	-PRON-	PRP$
cord-286274-1tb3uha2	182	31	growth	growth	NN
cord-286274-1tb3uha2	182	32	.	.	.
cord-286274-1tb3uha2	183	1	The	the	DT
cord-286274-1tb3uha2	183	2	pecking	pecking	NN
cord-286274-1tb3uha2	183	3	order	order	NN
cord-286274-1tb3uha2	183	4	theory	theory	NN
cord-286274-1tb3uha2	183	5	also	also	RB
cord-286274-1tb3uha2	183	6	suggests	suggest	VBZ
cord-286274-1tb3uha2	183	7	that	that	IN
cord-286274-1tb3uha2	183	8	well	well	RB
cord-286274-1tb3uha2	183	9	-	-	HYPH
cord-286274-1tb3uha2	183	10	performing	perform	VBG
cord-286274-1tb3uha2	183	11	firms	firm	NNS
cord-286274-1tb3uha2	183	12	in	in	IN
cord-286274-1tb3uha2	183	13	terms	term	NNS
cord-286274-1tb3uha2	183	14	of	of	IN
cord-286274-1tb3uha2	183	15	their	-PRON-	PRP$
cord-286274-1tb3uha2	183	16	profitability	profitability	NN
cord-286274-1tb3uha2	183	17	are	be	VBP
cord-286274-1tb3uha2	183	18	likely	likely	JJ
cord-286274-1tb3uha2	183	19	to	to	TO
cord-286274-1tb3uha2	183	20	be	be	VB
cord-286274-1tb3uha2	183	21	less	less	RBR
cord-286274-1tb3uha2	183	22	leveraged	leveraged	JJ
cord-286274-1tb3uha2	183	23	(	(	-LRB-
cord-286274-1tb3uha2	183	24	Morck	Morck	NNP
cord-286274-1tb3uha2	183	25	,	,	,
cord-286274-1tb3uha2	183	26	Shleifer	Shleifer	NNP
cord-286274-1tb3uha2	183	27	,	,	,
cord-286274-1tb3uha2	183	28	&	&	CC
cord-286274-1tb3uha2	183	29	Vishny	Vishny	NNP
cord-286274-1tb3uha2	183	30	,	,	,
cord-286274-1tb3uha2	183	31	1988	1988	CD
cord-286274-1tb3uha2	183	32	)	)	-RRB-
cord-286274-1tb3uha2	183	33	.	.	.
cord-286274-1tb3uha2	184	1	Second	second	RB
cord-286274-1tb3uha2	184	2	,	,	,
cord-286274-1tb3uha2	184	3	after	after	IN
cord-286274-1tb3uha2	184	4	selecting	select	VBG
cord-286274-1tb3uha2	184	5	six	six	CD
cord-286274-1tb3uha2	184	6	accounting	accounting	NN
cord-286274-1tb3uha2	184	7	ratios	ratio	NNS
cord-286274-1tb3uha2	184	8	,	,	,
cord-286274-1tb3uha2	184	9	we	-PRON-	PRP
cord-286274-1tb3uha2	184	10	compute	compute	VBP
cord-286274-1tb3uha2	184	11	the	the	DT
cord-286274-1tb3uha2	184	12	final	final	JJ
cord-286274-1tb3uha2	184	13	comprehensive	comprehensive	JJ
cord-286274-1tb3uha2	184	14	score	score	NN
cord-286274-1tb3uha2	184	15	based	base	VBN
cord-286274-1tb3uha2	184	16	on	on	IN
cord-286274-1tb3uha2	184	17	the	the	DT
cord-286274-1tb3uha2	184	18	factor	factor	NN
cord-286274-1tb3uha2	184	19	analysis	analysis	NN
cord-286274-1tb3uha2	184	20	(	(	-LRB-
cord-286274-1tb3uha2	184	21	Choi	Choi	NNP
cord-286274-1tb3uha2	184	22	&	&	CC
cord-286274-1tb3uha2	184	23	Chu	Chu	NNP
cord-286274-1tb3uha2	184	24	,	,	,
cord-286274-1tb3uha2	184	25	2001	2001	CD
cord-286274-1tb3uha2	184	26	;	;	:
cord-286274-1tb3uha2	184	27	Chu	Chu	NNP
cord-286274-1tb3uha2	184	28	&	&	CC
cord-286274-1tb3uha2	184	29	Choi	Choi	NNP
cord-286274-1tb3uha2	184	30	,	,	,
cord-286274-1tb3uha2	184	31	2000	2000	CD
cord-286274-1tb3uha2	184	32	;	;	:
cord-286274-1tb3uha2	184	33	Hair	Hair	NNP
cord-286274-1tb3uha2	184	34	,	,	,
cord-286274-1tb3uha2	184	35	Anderson	Anderson	NNP
cord-286274-1tb3uha2	184	36	,	,	,
cord-286274-1tb3uha2	184	37	Tatham	Tatham	NNP
cord-286274-1tb3uha2	184	38	,	,	,
cord-286274-1tb3uha2	184	39	&	&	CC
cord-286274-1tb3uha2	184	40	Black	Black	NNP
cord-286274-1tb3uha2	184	41	,	,	,
cord-286274-1tb3uha2	184	42	1998	1998	CD
cord-286274-1tb3uha2	184	43	;	;	:
cord-286274-1tb3uha2	184	44	Pitt	Pitt	NNP
cord-286274-1tb3uha2	184	45	&	&	CC
cord-286274-1tb3uha2	184	46	Jeantrout	Jeantrout	NNP
cord-286274-1tb3uha2	184	47	,	,	,
cord-286274-1tb3uha2	184	48	1994	1994	CD
cord-286274-1tb3uha2	184	49	;	;	:
cord-286274-1tb3uha2	184	50	West	West	NNP
cord-286274-1tb3uha2	184	51	,	,	,
cord-286274-1tb3uha2	184	52	1985	1985	CD
cord-286274-1tb3uha2	184	53	)	)	-RRB-
cord-286274-1tb3uha2	184	54	.	.	.
cord-286274-1tb3uha2	185	1	Using	use	VBG
cord-286274-1tb3uha2	185	2	factor	factor	NN
cord-286274-1tb3uha2	185	3	analysis	analysis	NN
cord-286274-1tb3uha2	185	4	enables	enable	VBZ
cord-286274-1tb3uha2	185	5	us	-PRON-	PRP
cord-286274-1tb3uha2	185	6	to	to	TO
cord-286274-1tb3uha2	185	7	create	create	VB
cord-286274-1tb3uha2	185	8	correlated	correlate	VBN
cord-286274-1tb3uha2	185	9	variable	variable	JJ
cord-286274-1tb3uha2	185	10	composites	composite	NNS
cord-286274-1tb3uha2	185	11	from	from	IN
cord-286274-1tb3uha2	185	12	the	the	DT
cord-286274-1tb3uha2	185	13	original	original	JJ
cord-286274-1tb3uha2	185	14	six	six	CD
cord-286274-1tb3uha2	185	15	financial	financial	JJ
cord-286274-1tb3uha2	185	16	ratios	ratio	NNS
cord-286274-1tb3uha2	185	17	and	and	CC
cord-286274-1tb3uha2	185	18	identify	identify	VB
cord-286274-1tb3uha2	185	19	a	a	DT
cord-286274-1tb3uha2	185	20	smaller	small	JJR
cord-286274-1tb3uha2	185	21	set	set	NN
cord-286274-1tb3uha2	185	22	of	of	IN
cord-286274-1tb3uha2	185	23	factors	factor	NNS
cord-286274-1tb3uha2	185	24	that	that	WDT
cord-286274-1tb3uha2	185	25	can	can	MD
cord-286274-1tb3uha2	185	26	explain	explain	VB
cord-286274-1tb3uha2	185	27	most	most	JJS
cord-286274-1tb3uha2	185	28	of	of	IN
cord-286274-1tb3uha2	185	29	the	the	DT
cord-286274-1tb3uha2	185	30	variances	variance	NNS
cord-286274-1tb3uha2	185	31	among	among	IN
cord-286274-1tb3uha2	185	32	the	the	DT
cord-286274-1tb3uha2	185	33	ratios	ratio	NNS
cord-286274-1tb3uha2	185	34	(	(	-LRB-
cord-286274-1tb3uha2	185	35	Chu	Chu	NNP
cord-286274-1tb3uha2	185	36	&	&	CC
cord-286274-1tb3uha2	185	37	Choi	Choi	NNP
cord-286274-1tb3uha2	185	38	,	,	,
cord-286274-1tb3uha2	185	39	2000	2000	CD
cord-286274-1tb3uha2	185	40	)	)	-RRB-
cord-286274-1tb3uha2	185	41	.	.	.
cord-286274-1tb3uha2	186	1	Through	through	IN
cord-286274-1tb3uha2	186	2	the	the	DT
cord-286274-1tb3uha2	186	3	method	method	NN
cord-286274-1tb3uha2	186	4	of	of	IN
cord-286274-1tb3uha2	186	5	factor	factor	NN
cord-286274-1tb3uha2	186	6	analysis	analysis	NN
cord-286274-1tb3uha2	186	7	,	,	,
cord-286274-1tb3uha2	186	8	we	-PRON-	PRP
cord-286274-1tb3uha2	186	9	can	can	MD
cord-286274-1tb3uha2	186	10	better	better	RB
cord-286274-1tb3uha2	186	11	understand	understand	VB
cord-286274-1tb3uha2	186	12	the	the	DT
cord-286274-1tb3uha2	186	13	underlying	underlying	JJ
cord-286274-1tb3uha2	186	14	structure	structure	NN
cord-286274-1tb3uha2	186	15	of	of	IN
cord-286274-1tb3uha2	186	16	the	the	DT
cord-286274-1tb3uha2	186	17	data	datum	NNS
cord-286274-1tb3uha2	186	18	.	.	.
cord-286274-1tb3uha2	187	1	Accordingly	accordingly	RB
cord-286274-1tb3uha2	187	2	,	,	,
cord-286274-1tb3uha2	187	3	a	a	DT
cord-286274-1tb3uha2	187	4	principal	principal	JJ
cord-286274-1tb3uha2	187	5	component	component	NN
cord-286274-1tb3uha2	187	6	factor	factor	NN
cord-286274-1tb3uha2	187	7	analysis	analysis	NN
cord-286274-1tb3uha2	187	8	with	with	IN
cord-286274-1tb3uha2	187	9	varimax	varimax	NNP
cord-286274-1tb3uha2	187	10	rotation	rotation	NN
cord-286274-1tb3uha2	187	11	is	be	VBZ
cord-286274-1tb3uha2	187	12	performed	perform	VBN
cord-286274-1tb3uha2	187	13	to	to	TO
cord-286274-1tb3uha2	187	14	extract	extract	VB
cord-286274-1tb3uha2	187	15	from	from	IN
cord-286274-1tb3uha2	187	16	the	the	DT
cord-286274-1tb3uha2	187	17	six	six	CD
cord-286274-1tb3uha2	187	18	hotel	hotel	NN
cord-286274-1tb3uha2	187	19	financial	financial	JJ
cord-286274-1tb3uha2	187	20	ratios	ratio	NNS
cord-286274-1tb3uha2	187	21	into	into	IN
cord-286274-1tb3uha2	187	22	a	a	DT
cord-286274-1tb3uha2	187	23	set	set	NN
cord-286274-1tb3uha2	187	24	of	of	IN
cord-286274-1tb3uha2	187	25	simplified	simplified	JJ
cord-286274-1tb3uha2	187	26	composite	composite	JJ
cord-286274-1tb3uha2	187	27	hotel	hotel	NN
cord-286274-1tb3uha2	187	28	performance	performance	NN
cord-286274-1tb3uha2	187	29	factors	factor	NNS
cord-286274-1tb3uha2	187	30	.	.	.
cord-286274-1tb3uha2	188	1	Whether	whether	IN
cord-286274-1tb3uha2	188	2	a	a	DT
cord-286274-1tb3uha2	188	3	financial	financial	JJ
cord-286274-1tb3uha2	188	4	ratio	ratio	NN
cord-286274-1tb3uha2	188	5	should	should	MD
cord-286274-1tb3uha2	188	6	be	be	VB
cord-286274-1tb3uha2	188	7	included	include	VBN
cord-286274-1tb3uha2	188	8	in	in	IN
cord-286274-1tb3uha2	188	9	a	a	DT
cord-286274-1tb3uha2	188	10	factor	factor	NN
cord-286274-1tb3uha2	188	11	is	be	VBZ
cord-286274-1tb3uha2	188	12	decided	decide	VBN
cord-286274-1tb3uha2	188	13	by	by	IN
cord-286274-1tb3uha2	188	14	the	the	DT
cord-286274-1tb3uha2	188	15	factor	factor	NN
cord-286274-1tb3uha2	188	16	loadings	loading	NNS
cord-286274-1tb3uha2	188	17	,	,	,
cord-286274-1tb3uha2	188	18	eigenvalues	eigenvalue	NNS
cord-286274-1tb3uha2	188	19	and	and	CC
cord-286274-1tb3uha2	188	20	the	the	DT
cord-286274-1tb3uha2	188	21	percentage	percentage	NN
cord-286274-1tb3uha2	188	22	of	of	IN
cord-286274-1tb3uha2	188	23	variance	variance	NN
cord-286274-1tb3uha2	188	24	explained	explain	VBD
cord-286274-1tb3uha2	188	25	(	(	-LRB-
cord-286274-1tb3uha2	188	26	Hair	hair	NN
cord-286274-1tb3uha2	188	27	et	et	NNP
cord-286274-1tb3uha2	188	28	al	al	NNP
cord-286274-1tb3uha2	188	29	.	.	NNP
cord-286274-1tb3uha2	188	30	,	,	,
cord-286274-1tb3uha2	188	31	1998	1998	CD
cord-286274-1tb3uha2	188	32	)	)	-RRB-
cord-286274-1tb3uha2	188	33	.	.	.
cord-286274-1tb3uha2	189	1	Hair	hair	NN
cord-286274-1tb3uha2	189	2	et	et	NNP
cord-286274-1tb3uha2	189	3	al	al	NNP
cord-286274-1tb3uha2	189	4	.	.	.
cord-286274-1tb3uha2	190	1	(	(	-LRB-
cord-286274-1tb3uha2	190	2	1998	1998	CD
cord-286274-1tb3uha2	190	3	)	)	-RRB-
cord-286274-1tb3uha2	190	4	suggest	suggest	VBP
cord-286274-1tb3uha2	190	5	that	that	IN
cord-286274-1tb3uha2	190	6	factors	factor	NNS
cord-286274-1tb3uha2	190	7	are	be	VBP
cord-286274-1tb3uha2	190	8	considered	consider	VBN
cord-286274-1tb3uha2	190	9	significant	significant	JJ
cord-286274-1tb3uha2	190	10	and	and	CC
cord-286274-1tb3uha2	190	11	retain	retain	VBP
cord-286274-1tb3uha2	190	12	only	only	RB
cord-286274-1tb3uha2	190	13	if	if	IN
cord-286274-1tb3uha2	190	14	they	-PRON-	PRP
cord-286274-1tb3uha2	190	15	have	have	VBP
cord-286274-1tb3uha2	190	16	an	an	DT
cord-286274-1tb3uha2	190	17	eigenvalue	eigenvalue	NN
cord-286274-1tb3uha2	190	18	equal	equal	JJ
cord-286274-1tb3uha2	190	19	to	to	IN
cord-286274-1tb3uha2	190	20	or	or	CC
cord-286274-1tb3uha2	190	21	greater	great	JJR
cord-286274-1tb3uha2	190	22	than	than	IN
cord-286274-1tb3uha2	190	23	1	1	CD
cord-286274-1tb3uha2	190	24	,	,	,
cord-286274-1tb3uha2	190	25	and	and	CC
cord-286274-1tb3uha2	190	26	a	a	DT
cord-286274-1tb3uha2	190	27	factor	factor	NN
cord-286274-1tb3uha2	190	28	loading	loading	NN
cord-286274-1tb3uha2	190	29	equals	equal	VBZ
cord-286274-1tb3uha2	190	30	to	to	IN
cord-286274-1tb3uha2	190	31	or	or	CC
cord-286274-1tb3uha2	190	32	greater	great	JJR
cord-286274-1tb3uha2	190	33	than	than	IN
cord-286274-1tb3uha2	190	34	0.50	0.50	CD
cord-286274-1tb3uha2	190	35	.	.	.
cord-286274-1tb3uha2	191	1	As	as	IN
cord-286274-1tb3uha2	191	2	matter	matter	NN
cord-286274-1tb3uha2	191	3	of	of	IN
cord-286274-1tb3uha2	191	4	fact	fact	NN
cord-286274-1tb3uha2	191	5	,	,	,
cord-286274-1tb3uha2	191	6	all	all	DT
cord-286274-1tb3uha2	191	7	factors	factor	NNS
cord-286274-1tb3uha2	191	8	included	include	VBN
cord-286274-1tb3uha2	191	9	in	in	IN
cord-286274-1tb3uha2	191	10	the	the	DT
cord-286274-1tb3uha2	191	11	study	study	NN
cord-286274-1tb3uha2	191	12	have	have	VBP
cord-286274-1tb3uha2	191	13	a	a	DT
cord-286274-1tb3uha2	191	14	factor	factor	NN
cord-286274-1tb3uha2	191	15	loading	load	VBG
cord-286274-1tb3uha2	191	16	above	above	IN
cord-286274-1tb3uha2	191	17	0.6	0.6	CD
cord-286274-1tb3uha2	191	18	.	.	.
cord-286274-1tb3uha2	192	1	We	-PRON-	PRP
cord-286274-1tb3uha2	192	2	repeat	repeat	VBP
cord-286274-1tb3uha2	192	3	the	the	DT
cord-286274-1tb3uha2	192	4	same	same	JJ
cord-286274-1tb3uha2	192	5	procedure	procedure	NN
cord-286274-1tb3uha2	192	6	to	to	TO
cord-286274-1tb3uha2	192	7	extract	extract	VB
cord-286274-1tb3uha2	192	8	factors	factor	NNS
cord-286274-1tb3uha2	192	9	from	from	IN
cord-286274-1tb3uha2	192	10	six	six	CD
cord-286274-1tb3uha2	192	11	financial	financial	JJ
cord-286274-1tb3uha2	192	12	ratios	ratio	NNS
cord-286274-1tb3uha2	192	13	for	for	IN
cord-286274-1tb3uha2	192	14	every	every	DT
cord-286274-1tb3uha2	192	15	quarter	quarter	NN
cord-286274-1tb3uha2	192	16	.	.	.
cord-286274-1tb3uha2	193	1	Note	note	VB
cord-286274-1tb3uha2	193	2	that	that	IN
cord-286274-1tb3uha2	193	3	although	although	IN
cord-286274-1tb3uha2	193	4	there	there	EX
cord-286274-1tb3uha2	193	5	are	be	VBP
cord-286274-1tb3uha2	193	6	different	different	JJ
cord-286274-1tb3uha2	193	7	extracted	extract	VBN
cord-286274-1tb3uha2	193	8	factors	factor	NNS
cord-286274-1tb3uha2	193	9	in	in	IN
cord-286274-1tb3uha2	193	10	each	each	DT
cord-286274-1tb3uha2	193	11	quarter	quarter	NN
cord-286274-1tb3uha2	193	12	,	,	,
cord-286274-1tb3uha2	193	13	the	the	DT
cord-286274-1tb3uha2	193	14	extracted	extract	VBN
cord-286274-1tb3uha2	193	15	factors	factor	NNS
cord-286274-1tb3uha2	193	16	can	can	MD
cord-286274-1tb3uha2	193	17	explain	explain	VB
cord-286274-1tb3uha2	193	18	more	more	JJR
cord-286274-1tb3uha2	193	19	than	than	IN
cord-286274-1tb3uha2	193	20	80	80	CD
cord-286274-1tb3uha2	193	21	%	%	NN
cord-286274-1tb3uha2	193	22	of	of	IN
cord-286274-1tb3uha2	193	23	the	the	DT
cord-286274-1tb3uha2	193	24	total	total	JJ
cord-286274-1tb3uha2	193	25	variance	variance	NN
cord-286274-1tb3uha2	193	26	for	for	IN
cord-286274-1tb3uha2	193	27	each	each	DT
cord-286274-1tb3uha2	193	28	quarter	quarter	NN
cord-286274-1tb3uha2	193	29	.	.	.
cord-286274-1tb3uha2	194	1	After	after	IN
cord-286274-1tb3uha2	194	2	the	the	DT
cord-286274-1tb3uha2	194	3	factor	factor	NN
cord-286274-1tb3uha2	194	4	analysis	analysis	NN
cord-286274-1tb3uha2	194	5	,	,	,
cord-286274-1tb3uha2	194	6	we	-PRON-	PRP
cord-286274-1tb3uha2	194	7	obtain	obtain	VBP
cord-286274-1tb3uha2	194	8	the	the	DT
cord-286274-1tb3uha2	194	9	extracted	extract	VBN
cord-286274-1tb3uha2	194	10	factors	factor	NNS
cord-286274-1tb3uha2	194	11	that	that	WDT
cord-286274-1tb3uha2	194	12	represent	represent	VBP
cord-286274-1tb3uha2	194	13	corporate	corporate	JJ
cord-286274-1tb3uha2	194	14	performance	performance	NN
cord-286274-1tb3uha2	194	15	of	of	IN
cord-286274-1tb3uha2	194	16	hotel	hotel	NN
cord-286274-1tb3uha2	194	17	companies	company	NNS
cord-286274-1tb3uha2	194	18	and	and	CC
cord-286274-1tb3uha2	194	19	the	the	DT
cord-286274-1tb3uha2	194	20	corresponding	corresponding	JJ
cord-286274-1tb3uha2	194	21	factor	factor	NN
cord-286274-1tb3uha2	194	22	score	score	NN
cord-286274-1tb3uha2	194	23	of	of	IN
cord-286274-1tb3uha2	194	24	each	each	DT
cord-286274-1tb3uha2	194	25	hotel	hotel	NN
cord-286274-1tb3uha2	194	26	for	for	IN
cord-286274-1tb3uha2	194	27	each	each	DT
cord-286274-1tb3uha2	194	28	quarter	quarter	NN
cord-286274-1tb3uha2	194	29	.	.	.
cord-286274-1tb3uha2	195	1	The	the	DT
cord-286274-1tb3uha2	195	2	corresponding	corresponding	JJ
cord-286274-1tb3uha2	195	3	factor	factor	NN
cord-286274-1tb3uha2	195	4	score	score	NN
cord-286274-1tb3uha2	195	5	of	of	IN
cord-286274-1tb3uha2	195	6	each	each	DT
cord-286274-1tb3uha2	195	7	hotel	hotel	NN
cord-286274-1tb3uha2	195	8	multiplies	multiply	VBZ
cord-286274-1tb3uha2	195	9	the	the	DT
cord-286274-1tb3uha2	195	10	weight	weight	NN
cord-286274-1tb3uha2	195	11	of	of	IN
cord-286274-1tb3uha2	195	12	each	each	DT
cord-286274-1tb3uha2	195	13	factor	factor	NN
cord-286274-1tb3uha2	195	14	and	and	CC
cord-286274-1tb3uha2	195	15	then	then	RB
cord-286274-1tb3uha2	195	16	sum	sum	VB
cord-286274-1tb3uha2	195	17	up	up	RP
cord-286274-1tb3uha2	195	18	to	to	TO
cord-286274-1tb3uha2	195	19	get	get	VB
cord-286274-1tb3uha2	195	20	the	the	DT
cord-286274-1tb3uha2	195	21	quarterly	quarterly	JJ
cord-286274-1tb3uha2	195	22	comprehensive	comprehensive	JJ
cord-286274-1tb3uha2	195	23	scores	score	NNS
cord-286274-1tb3uha2	195	24	of	of	IN
cord-286274-1tb3uha2	195	25	hotel	hotel	NN
cord-286274-1tb3uha2	195	26	performance	performance	NN
cord-286274-1tb3uha2	195	27	.	.	.
cord-286274-1tb3uha2	196	1	In	in	IN
cord-286274-1tb3uha2	196	2	consequence	consequence	NN
cord-286274-1tb3uha2	196	3	,	,	,
cord-286274-1tb3uha2	196	4	the	the	DT
cord-286274-1tb3uha2	196	5	comprehensive	comprehensive	JJ
cord-286274-1tb3uha2	196	6	scores	score	NNS
cord-286274-1tb3uha2	196	7	of	of	IN
cord-286274-1tb3uha2	196	8	hotel	hotel	NN
cord-286274-1tb3uha2	196	9	companies	company	NNS
cord-286274-1tb3uha2	196	10	are	be	VBP
cord-286274-1tb3uha2	196	11	computed	compute	VBN
cord-286274-1tb3uha2	196	12	as	as	IN
cord-286274-1tb3uha2	196	13	:	:	:
cord-286274-1tb3uha2	196	14	where	where	WRB
cord-286274-1tb3uha2	196	15	SCORE	score	NN
cord-286274-1tb3uha2	196	16	i	i	PRP
cord-286274-1tb3uha2	196	17	is	be	VBZ
cord-286274-1tb3uha2	196	18	the	the	DT
cord-286274-1tb3uha2	196	19	comprehensive	comprehensive	JJ
cord-286274-1tb3uha2	196	20	score	score	NN
cord-286274-1tb3uha2	196	21	of	of	IN
cord-286274-1tb3uha2	196	22	corporate	corporate	JJ
cord-286274-1tb3uha2	196	23	performance	performance	NN
cord-286274-1tb3uha2	196	24	for	for	IN
cord-286274-1tb3uha2	196	25	the	the	DT
cord-286274-1tb3uha2	196	26	ith	ith	NNP
cord-286274-1tb3uha2	196	27	hotel	hotel	NN
cord-286274-1tb3uha2	196	28	company	company	NN
cord-286274-1tb3uha2	196	29	,	,	,
cord-286274-1tb3uha2	196	30	S	S	NNP
cord-286274-1tb3uha2	197	1	i	i	PRP
cord-286274-1tb3uha2	197	2	is	be	VBZ
cord-286274-1tb3uha2	197	3	the	the	DT
cord-286274-1tb3uha2	197	4	corresponding	corresponding	JJ
cord-286274-1tb3uha2	197	5	factor	factor	NN
cord-286274-1tb3uha2	197	6	score	score	NN
cord-286274-1tb3uha2	197	7	of	of	IN
cord-286274-1tb3uha2	197	8	the	the	DT
cord-286274-1tb3uha2	197	9	ith	ith	NNP
cord-286274-1tb3uha2	197	10	hotel	hotel	NN
cord-286274-1tb3uha2	197	11	company	company	NN
cord-286274-1tb3uha2	197	12	and	and	CC
cord-286274-1tb3uha2	198	1	W	w	NN
cord-286274-1tb3uha2	199	1	i	i	PRP
cord-286274-1tb3uha2	199	2	is	be	VBZ
cord-286274-1tb3uha2	199	3	the	the	DT
cord-286274-1tb3uha2	199	4	weight	weight	NN
cord-286274-1tb3uha2	199	5	or	or	CC
cord-286274-1tb3uha2	199	6	ratio	ratio	NN
cord-286274-1tb3uha2	199	7	of	of	IN
cord-286274-1tb3uha2	199	8	the	the	DT
cord-286274-1tb3uha2	199	9	variation	variation	NN
cord-286274-1tb3uha2	199	10	explained	explain	VBN
cord-286274-1tb3uha2	199	11	by	by	IN
cord-286274-1tb3uha2	199	12	each	each	DT
cord-286274-1tb3uha2	199	13	factor	factor	NN
cord-286274-1tb3uha2	199	14	divided	divide	VBN
cord-286274-1tb3uha2	199	15	by	by	IN
cord-286274-1tb3uha2	199	16	the	the	DT
cord-286274-1tb3uha2	199	17	variation	variation	NN
cord-286274-1tb3uha2	199	18	explained	explain	VBN
cord-286274-1tb3uha2	199	19	by	by	IN
cord-286274-1tb3uha2	199	20	all	all	DT
cord-286274-1tb3uha2	199	21	factors	factor	NNS
cord-286274-1tb3uha2	199	22	:	:	:
cord-286274-1tb3uha2	199	23	where	where	WRB
cord-286274-1tb3uha2	199	24	W	W	NNP
cord-286274-1tb3uha2	199	25	i	i	PRP
cord-286274-1tb3uha2	199	26	is	be	VBZ
cord-286274-1tb3uha2	199	27	the	the	DT
cord-286274-1tb3uha2	199	28	weight	weight	NN
cord-286274-1tb3uha2	199	29	of	of	IN
cord-286274-1tb3uha2	199	30	the	the	DT
cord-286274-1tb3uha2	199	31	ith	ith	NN
cord-286274-1tb3uha2	199	32	factor	factor	NN
cord-286274-1tb3uha2	199	33	,	,	,
cord-286274-1tb3uha2	199	34	E	E	NNP
cord-286274-1tb3uha2	199	35	i	i	PRP
cord-286274-1tb3uha2	199	36	is	be	VBZ
cord-286274-1tb3uha2	199	37	the	the	DT
cord-286274-1tb3uha2	199	38	variation	variation	NN
cord-286274-1tb3uha2	199	39	explained	explain	VBN
cord-286274-1tb3uha2	199	40	by	by	IN
cord-286274-1tb3uha2	199	41	the	the	DT
cord-286274-1tb3uha2	199	42	ith	ith	NNP
cord-286274-1tb3uha2	199	43	factor	factor	NN
cord-286274-1tb3uha2	199	44	and	and	CC
cord-286274-1tb3uha2	199	45	k	k	NN
cord-286274-1tb3uha2	199	46	is	be	VBZ
cord-286274-1tb3uha2	199	47	the	the	DT
cord-286274-1tb3uha2	199	48	number	number	NN
cord-286274-1tb3uha2	199	49	of	of	IN
cord-286274-1tb3uha2	199	50	factors	factor	NNS
cord-286274-1tb3uha2	199	51	.	.	.
cord-286274-1tb3uha2	200	1	Gross	gross	JJ
cord-286274-1tb3uha2	200	2	domestic	domestic	JJ
cord-286274-1tb3uha2	200	3	product	product	NN
cord-286274-1tb3uha2	200	4	(	(	-LRB-
cord-286274-1tb3uha2	200	5	GDP	GDP	NNP
cord-286274-1tb3uha2	200	6	)	)	-RRB-
cord-286274-1tb3uha2	200	7	,	,	,
cord-286274-1tb3uha2	200	8	the	the	DT
cord-286274-1tb3uha2	200	9	measure	measure	NN
cord-286274-1tb3uha2	200	10	of	of	IN
cord-286274-1tb3uha2	200	11	the	the	DT
cord-286274-1tb3uha2	200	12	economy	economy	NN
cord-286274-1tb3uha2	200	13	's	's	POS
cord-286274-1tb3uha2	200	14	total	total	JJ
cord-286274-1tb3uha2	200	15	production	production	NN
cord-286274-1tb3uha2	200	16	and	and	CC
cord-286274-1tb3uha2	200	17	services	service	NNS
cord-286274-1tb3uha2	200	18	,	,	,
cord-286274-1tb3uha2	200	19	is	be	VBZ
cord-286274-1tb3uha2	200	20	used	use	VBN
cord-286274-1tb3uha2	200	21	as	as	IN
cord-286274-1tb3uha2	200	22	the	the	DT
cord-286274-1tb3uha2	200	23	proxy	proxy	NN
cord-286274-1tb3uha2	200	24	for	for	IN
cord-286274-1tb3uha2	200	25	economic	economic	JJ
cord-286274-1tb3uha2	200	26	condition	condition	NN
cord-286274-1tb3uha2	200	27	.	.	.
cord-286274-1tb3uha2	201	1	Real	real	JJ
cord-286274-1tb3uha2	201	2	GDP	GDP	NNP
cord-286274-1tb3uha2	201	3	growth	growth	NN
cord-286274-1tb3uha2	201	4	therefore	therefore	RB
cord-286274-1tb3uha2	201	5	represents	represent	VBZ
cord-286274-1tb3uha2	201	6	changes	change	NNS
cord-286274-1tb3uha2	201	7	in	in	IN
cord-286274-1tb3uha2	201	8	economic	economic	JJ
cord-286274-1tb3uha2	201	9	condition	condition	NN
cord-286274-1tb3uha2	201	10	(	(	-LRB-
cord-286274-1tb3uha2	201	11	Athanasoglou	Athanasoglou	NNP
cord-286274-1tb3uha2	201	12	et	et	NNP
cord-286274-1tb3uha2	201	13	al	al	NNP
cord-286274-1tb3uha2	201	14	.	.	NNP
cord-286274-1tb3uha2	201	15	,	,	,
cord-286274-1tb3uha2	201	16	2008	2008	CD
cord-286274-1tb3uha2	201	17	;	;	:
cord-286274-1tb3uha2	201	18	Bikker	Bikker	NNP
cord-286274-1tb3uha2	201	19	&	&	CC
cord-286274-1tb3uha2	201	20	Hu	Hu	NNP
cord-286274-1tb3uha2	201	21	,	,	,
cord-286274-1tb3uha2	201	22	2002	2002	CD
cord-286274-1tb3uha2	201	23	;	;	:
cord-286274-1tb3uha2	201	24	Chen	Chen	NNP
cord-286274-1tb3uha2	201	25	,	,	,
cord-286274-1tb3uha2	201	26	2007b	2007b	CD
cord-286274-1tb3uha2	201	27	;	;	:
cord-286274-1tb3uha2	201	28	Kim	Kim	NNP
cord-286274-1tb3uha2	201	29	et	et	NNP
cord-286274-1tb3uha2	201	30	al	al	NNP
cord-286274-1tb3uha2	201	31	.	.	NNP
cord-286274-1tb3uha2	201	32	,	,	,
cord-286274-1tb3uha2	201	33	2006	2006	CD
cord-286274-1tb3uha2	201	34	)	)	-RRB-
cord-286274-1tb3uha2	201	35	.	.	.
cord-286274-1tb3uha2	202	1	The	the	DT
cord-286274-1tb3uha2	202	2	growth	growth	NN
cord-286274-1tb3uha2	202	3	rate	rate	NN
cord-286274-1tb3uha2	202	4	of	of	IN
cord-286274-1tb3uha2	202	5	real	real	JJ
cord-286274-1tb3uha2	202	6	GDP	gdp	NN
cord-286274-1tb3uha2	202	7	(	(	-LRB-
cord-286274-1tb3uha2	202	8	DGDP	DGDP	NNP
cord-286274-1tb3uha2	202	9	)	)	-RRB-
cord-286274-1tb3uha2	202	10	is	be	VBZ
cord-286274-1tb3uha2	202	11	computed	compute	VBN
cord-286274-1tb3uha2	202	12	as	as	IN
cord-286274-1tb3uha2	202	13	:	:	:
cord-286274-1tb3uha2	202	14	The	the	DT
cord-286274-1tb3uha2	202	15	hotel	hotel	NN
cord-286274-1tb3uha2	202	16	industry	industry	NN
cord-286274-1tb3uha2	202	17	,	,	,
cord-286274-1tb3uha2	202	18	as	as	IN
cord-286274-1tb3uha2	202	19	a	a	DT
cord-286274-1tb3uha2	202	20	cyclical	cyclical	JJ
cord-286274-1tb3uha2	202	21	industry	industry	NN
cord-286274-1tb3uha2	202	22	,	,	,
cord-286274-1tb3uha2	202	23	is	be	VBZ
cord-286274-1tb3uha2	202	24	very	very	RB
cord-286274-1tb3uha2	202	25	sensitive	sensitive	JJ
cord-286274-1tb3uha2	202	26	to	to	IN
cord-286274-1tb3uha2	202	27	the	the	DT
cord-286274-1tb3uha2	202	28	economy	economy	NN
cord-286274-1tb3uha2	202	29	.	.	.
cord-286274-1tb3uha2	203	1	Shifts	shift	NNS
cord-286274-1tb3uha2	203	2	in	in	IN
cord-286274-1tb3uha2	203	3	economic	economic	JJ
cord-286274-1tb3uha2	203	4	condition	condition	NN
cord-286274-1tb3uha2	203	5	can	can	MD
cord-286274-1tb3uha2	203	6	have	have	VB
cord-286274-1tb3uha2	203	7	a	a	DT
cord-286274-1tb3uha2	203	8	great	great	JJ
cord-286274-1tb3uha2	203	9	impact	impact	NN
cord-286274-1tb3uha2	203	10	on	on	IN
cord-286274-1tb3uha2	203	11	the	the	DT
cord-286274-1tb3uha2	203	12	success	success	NN
cord-286274-1tb3uha2	203	13	of	of	IN
cord-286274-1tb3uha2	203	14	hotel	hotel	NN
cord-286274-1tb3uha2	203	15	firms	firm	NNS
cord-286274-1tb3uha2	203	16	.	.	.
cord-286274-1tb3uha2	204	1	A	a	DT
cord-286274-1tb3uha2	204	2	business	business	NN
cord-286274-1tb3uha2	204	3	expansion	expansion	NN
cord-286274-1tb3uha2	204	4	(	(	-LRB-
cord-286274-1tb3uha2	204	5	contraction	contraction	NN
cord-286274-1tb3uha2	204	6	)	)	-RRB-
cord-286274-1tb3uha2	204	7	can	can	MD
cord-286274-1tb3uha2	204	8	strengthen	strengthen	VB
cord-286274-1tb3uha2	204	9	(	(	-LRB-
cord-286274-1tb3uha2	204	10	weaken	weaken	VB
cord-286274-1tb3uha2	204	11	)	)	-RRB-
cord-286274-1tb3uha2	204	12	corporate	corporate	JJ
cord-286274-1tb3uha2	204	13	earnings	earning	NNS
cord-286274-1tb3uha2	204	14	and	and	CC
cord-286274-1tb3uha2	204	15	profit	profit	NN
cord-286274-1tb3uha2	204	16	,	,	,
cord-286274-1tb3uha2	204	17	which	which	WDT
cord-286274-1tb3uha2	204	18	in	in	IN
cord-286274-1tb3uha2	204	19	turn	turn	NN
cord-286274-1tb3uha2	204	20	can	can	MD
cord-286274-1tb3uha2	204	21	improve	improve	VB
cord-286274-1tb3uha2	204	22	(	(	-LRB-
cord-286274-1tb3uha2	204	23	worsen	worsen	VB
cord-286274-1tb3uha2	204	24	)	)	-RRB-
cord-286274-1tb3uha2	204	25	corporate	corporate	JJ
cord-286274-1tb3uha2	204	26	performance	performance	NN
cord-286274-1tb3uha2	204	27	of	of	IN
cord-286274-1tb3uha2	204	28	hotel	hotel	NN
cord-286274-1tb3uha2	204	29	companies	company	NNS
cord-286274-1tb3uha2	204	30	.	.	.
cord-286274-1tb3uha2	205	1	We	-PRON-	PRP
cord-286274-1tb3uha2	205	2	therefore	therefore	RB
cord-286274-1tb3uha2	205	3	anticipate	anticipate	VBP
cord-286274-1tb3uha2	205	4	that	that	IN
cord-286274-1tb3uha2	205	5	the	the	DT
cord-286274-1tb3uha2	205	6	hotel	hotel	NN
cord-286274-1tb3uha2	205	7	industry	industry	NN
cord-286274-1tb3uha2	205	8	has	have	VBZ
cord-286274-1tb3uha2	205	9	a	a	DT
cord-286274-1tb3uha2	205	10	better	well	JJR
cord-286274-1tb3uha2	205	11	corporate	corporate	JJ
cord-286274-1tb3uha2	205	12	performance	performance	NN
cord-286274-1tb3uha2	205	13	in	in	IN
cord-286274-1tb3uha2	205	14	better	well	JJR
cord-286274-1tb3uha2	205	15	economic	economic	JJ
cord-286274-1tb3uha2	205	16	times	time	NNS
cord-286274-1tb3uha2	205	17	.	.	.
cord-286274-1tb3uha2	206	1	Accordingly	accordingly	RB
cord-286274-1tb3uha2	206	2	,	,	,
cord-286274-1tb3uha2	206	3	it	-PRON-	PRP
cord-286274-1tb3uha2	206	4	is	be	VBZ
cord-286274-1tb3uha2	206	5	hypothesized	hypothesize	VBN
cord-286274-1tb3uha2	206	6	that	that	IN
cord-286274-1tb3uha2	206	7	corporate	corporate	JJ
cord-286274-1tb3uha2	206	8	performance	performance	NN
cord-286274-1tb3uha2	206	9	of	of	IN
cord-286274-1tb3uha2	206	10	hotel	hotel	NN
cord-286274-1tb3uha2	206	11	companies	company	NNS
cord-286274-1tb3uha2	206	12	is	be	VBZ
cord-286274-1tb3uha2	206	13	positively	positively	RB
cord-286274-1tb3uha2	206	14	related	relate	VBN
cord-286274-1tb3uha2	206	15	to	to	IN
cord-286274-1tb3uha2	206	16	economic	economic	JJ
cord-286274-1tb3uha2	206	17	growth	growth	NN
cord-286274-1tb3uha2	206	18	.	.	.
cord-286274-1tb3uha2	207	1	The	the	DT
cord-286274-1tb3uha2	207	2	growth	growth	NN
cord-286274-1tb3uha2	207	3	rate	rate	NN
cord-286274-1tb3uha2	207	4	of	of	IN
cord-286274-1tb3uha2	207	5	total	total	JJ
cord-286274-1tb3uha2	207	6	foreign	foreign	JJ
cord-286274-1tb3uha2	207	7	tourist	tourist	NN
cord-286274-1tb3uha2	207	8	arrivals	arrival	NNS
cord-286274-1tb3uha2	207	9	ðDTAÞ	ðdtaþ	VBP
cord-286274-1tb3uha2	207	10	is	be	VBZ
cord-286274-1tb3uha2	207	11	used	use	VBN
cord-286274-1tb3uha2	207	12	to	to	TO
cord-286274-1tb3uha2	207	13	represent	represent	VB
cord-286274-1tb3uha2	207	14	tourism	tourism	NN
cord-286274-1tb3uha2	207	15	growth	growth	NN
cord-286274-1tb3uha2	207	16	or	or	CC
cord-286274-1tb3uha2	207	17	expansion	expansion	NN
cord-286274-1tb3uha2	207	18	(	(	-LRB-
cord-286274-1tb3uha2	207	19	Chen	Chen	NNP
cord-286274-1tb3uha2	207	20	,	,	,
cord-286274-1tb3uha2	207	21	2007a	2007a	CD
cord-286274-1tb3uha2	207	22	(	(	-LRB-
cord-286274-1tb3uha2	207	23	Chen	Chen	NNP
cord-286274-1tb3uha2	207	24	,	,	,
cord-286274-1tb3uha2	207	25	,	,	,
cord-286274-1tb3uha2	207	26	2007c	2007c	CD
cord-286274-1tb3uha2	207	27	Kim	Kim	NNP
cord-286274-1tb3uha2	207	28	et	et	NNP
cord-286274-1tb3uha2	207	29	al	al	NNP
cord-286274-1tb3uha2	207	30	.	.	NNP
cord-286274-1tb3uha2	207	31	,	,	,
cord-286274-1tb3uha2	207	32	2006	2006	CD
cord-286274-1tb3uha2	207	33	;	;	:
cord-286274-1tb3uha2	207	34	Wang	Wang	NNP
cord-286274-1tb3uha2	207	35	&	&	CC
cord-286274-1tb3uha2	207	36	Godbey	Godbey	NNP
cord-286274-1tb3uha2	207	37	,	,	,
cord-286274-1tb3uha2	207	38	1994	1994	CD
cord-286274-1tb3uha2	207	39	)	)	-RRB-
cord-286274-1tb3uha2	207	40	and	and	CC
cord-286274-1tb3uha2	207	41	calculated	calculate	VBD
cord-286274-1tb3uha2	207	42	as	as	IN
cord-286274-1tb3uha2	207	43	:	:	:
cord-286274-1tb3uha2	207	44	Tourism	tourism	NN
cord-286274-1tb3uha2	207	45	expansion	expansion	NN
cord-286274-1tb3uha2	207	46	can	can	MD
cord-286274-1tb3uha2	207	47	lift	lift	VB
cord-286274-1tb3uha2	207	48	the	the	DT
cord-286274-1tb3uha2	207	49	occupancy	occupancy	NN
cord-286274-1tb3uha2	207	50	rate	rate	NN
cord-286274-1tb3uha2	207	51	and	and	CC
cord-286274-1tb3uha2	207	52	earnings	earning	NNS
cord-286274-1tb3uha2	207	53	and	and	CC
cord-286274-1tb3uha2	207	54	enhance	enhance	VB
cord-286274-1tb3uha2	207	55	the	the	DT
cord-286274-1tb3uha2	207	56	financial	financial	JJ
cord-286274-1tb3uha2	207	57	performance	performance	NN
cord-286274-1tb3uha2	207	58	of	of	IN
cord-286274-1tb3uha2	207	59	hotel	hotel	NN
cord-286274-1tb3uha2	207	60	companies	company	NNS
cord-286274-1tb3uha2	207	61	.	.	.
cord-286274-1tb3uha2	208	1	In	in	IN
cord-286274-1tb3uha2	208	2	addition	addition	NN
cord-286274-1tb3uha2	208	3	,	,	,
cord-286274-1tb3uha2	208	4	as	as	IN
cord-286274-1tb3uha2	208	5	empirical	empirical	JJ
cord-286274-1tb3uha2	208	6	studies	study	NNS
cord-286274-1tb3uha2	208	7	have	have	VBP
cord-286274-1tb3uha2	208	8	shown	show	VBN
cord-286274-1tb3uha2	208	9	,	,	,
cord-286274-1tb3uha2	208	10	tourism	tourism	NN
cord-286274-1tb3uha2	208	11	expansion	expansion	NN
cord-286274-1tb3uha2	208	12	can	can	MD
cord-286274-1tb3uha2	208	13	boost	boost	VB
cord-286274-1tb3uha2	208	14	economic	economic	JJ
cord-286274-1tb3uha2	208	15	development	development	NN
cord-286274-1tb3uha2	208	16	(	(	-LRB-
cord-286274-1tb3uha2	208	17	Balaguer	Balaguer	NNP
cord-286274-1tb3uha2	208	18	&	&	CC
cord-286274-1tb3uha2	208	19	Cantavella	Cantavella	NNP
cord-286274-1tb3uha2	208	20	-	-	HYPH
cord-286274-1tb3uha2	208	21	Jorda	Jorda	NNP
cord-286274-1tb3uha2	208	22	,	,	,
cord-286274-1tb3uha2	208	23	2002	2002	CD
cord-286274-1tb3uha2	208	24	;	;	:
cord-286274-1tb3uha2	208	25	Dritsakis	Dritsakis	NNP
cord-286274-1tb3uha2	208	26	,	,	,
cord-286274-1tb3uha2	208	27	2004	2004	CD
cord-286274-1tb3uha2	208	28	;	;	:
cord-286274-1tb3uha2	208	29	Gunduz	Gunduz	NNP
cord-286274-1tb3uha2	208	30	&	&	CC
cord-286274-1tb3uha2	208	31	Hatemi	Hatemi	NNP
cord-286274-1tb3uha2	208	32	-	-	HYPH
cord-286274-1tb3uha2	208	33	J	J	NNP
cord-286274-1tb3uha2	208	34	,	,	,
cord-286274-1tb3uha2	208	35	2005	2005	CD
cord-286274-1tb3uha2	208	36	;	;	:
cord-286274-1tb3uha2	208	37	Kim	Kim	NNP
cord-286274-1tb3uha2	208	38	et	et	NNP
cord-286274-1tb3uha2	208	39	al	al	NNP
cord-286274-1tb3uha2	208	40	.	.	NNP
cord-286274-1tb3uha2	208	41	,	,	,
cord-286274-1tb3uha2	208	42	2006	2006	CD
cord-286274-1tb3uha2	208	43	)	)	-RRB-
cord-286274-1tb3uha2	208	44	and	and	CC
cord-286274-1tb3uha2	208	45	the	the	DT
cord-286274-1tb3uha2	208	46	improved	improve	VBN
cord-286274-1tb3uha2	208	47	economy	economy	NN
cord-286274-1tb3uha2	208	48	caused	cause	VBN
cord-286274-1tb3uha2	208	49	by	by	IN
cord-286274-1tb3uha2	208	50	tourism	tourism	NN
cord-286274-1tb3uha2	208	51	expansion	expansion	NN
cord-286274-1tb3uha2	208	52	can	can	MD
cord-286274-1tb3uha2	208	53	raise	raise	VB
cord-286274-1tb3uha2	208	54	sales	sale	NNS
cord-286274-1tb3uha2	208	55	and	and	CC
cord-286274-1tb3uha2	208	56	corporate	corporate	JJ
cord-286274-1tb3uha2	208	57	earnings	earning	NNS
cord-286274-1tb3uha2	208	58	.	.	.
cord-286274-1tb3uha2	209	1	High	high	JJ
cord-286274-1tb3uha2	209	2	tourism	tourism	NN
cord-286274-1tb3uha2	209	3	arrivals	arrival	NNS
cord-286274-1tb3uha2	209	4	growth	growth	NN
cord-286274-1tb3uha2	209	5	is	be	VBZ
cord-286274-1tb3uha2	209	6	expected	expect	VBN
cord-286274-1tb3uha2	209	7	to	to	TO
cord-286274-1tb3uha2	209	8	have	have	VB
cord-286274-1tb3uha2	209	9	a	a	DT
cord-286274-1tb3uha2	209	10	favorable	favorable	JJ
cord-286274-1tb3uha2	209	11	impact	impact	NN
cord-286274-1tb3uha2	209	12	on	on	IN
cord-286274-1tb3uha2	209	13	corporate	corporate	JJ
cord-286274-1tb3uha2	209	14	performance	performance	NN
cord-286274-1tb3uha2	209	15	of	of	IN
cord-286274-1tb3uha2	209	16	hotel	hotel	NN
cord-286274-1tb3uha2	209	17	firms	firm	NNS
cord-286274-1tb3uha2	209	18	.	.	.
cord-286274-1tb3uha2	210	1	Consequently	consequently	RB
cord-286274-1tb3uha2	210	2	,	,	,
cord-286274-1tb3uha2	210	3	corporate	corporate	JJ
cord-286274-1tb3uha2	210	4	performance	performance	NN
cord-286274-1tb3uha2	210	5	of	of	IN
cord-286274-1tb3uha2	210	6	hotel	hotel	NN
cord-286274-1tb3uha2	210	7	companies	company	NNS
cord-286274-1tb3uha2	210	8	is	be	VBZ
cord-286274-1tb3uha2	210	9	hypothesized	hypothesize	VBN
cord-286274-1tb3uha2	210	10	to	to	TO
cord-286274-1tb3uha2	210	11	be	be	VB
cord-286274-1tb3uha2	210	12	positively	positively	RB
cord-286274-1tb3uha2	210	13	related	relate	VBN
cord-286274-1tb3uha2	210	14	to	to	IN
cord-286274-1tb3uha2	210	15	tourism	tourism	NN
cord-286274-1tb3uha2	210	16	growth	growth	NN
cord-286274-1tb3uha2	210	17	.	.	.
cord-286274-1tb3uha2	211	1	The	the	DT
cord-286274-1tb3uha2	211	2	internal	internal	JJ
cord-286274-1tb3uha2	211	3	factor	factor	NN
cord-286274-1tb3uha2	211	4	,	,	,
cord-286274-1tb3uha2	211	5	the	the	DT
cord-286274-1tb3uha2	211	6	variable	variable	NN
cord-286274-1tb3uha2	211	7	of	of	IN
cord-286274-1tb3uha2	211	8	firm	firm	JJ
cord-286274-1tb3uha2	211	9	size	size	NN
cord-286274-1tb3uha2	211	10	(	(	-LRB-
cord-286274-1tb3uha2	211	11	SIZE	size	NN
cord-286274-1tb3uha2	211	12	)	)	-RRB-
cord-286274-1tb3uha2	211	13	,	,	,
cord-286274-1tb3uha2	211	14	is	be	VBZ
cord-286274-1tb3uha2	211	15	used	use	VBN
cord-286274-1tb3uha2	211	16	as	as	IN
cord-286274-1tb3uha2	211	17	a	a	DT
cord-286274-1tb3uha2	211	18	control	control	NN
cord-286274-1tb3uha2	211	19	variable	variable	NN
cord-286274-1tb3uha2	211	20	.	.	.
cord-286274-1tb3uha2	212	1	SIZE	size	NN
cord-286274-1tb3uha2	212	2	is	be	VBZ
cord-286274-1tb3uha2	212	3	measured	measure	VBN
cord-286274-1tb3uha2	212	4	by	by	IN
cord-286274-1tb3uha2	212	5	the	the	DT
cord-286274-1tb3uha2	212	6	natural	natural	JJ
cord-286274-1tb3uha2	212	7	logarithm	logarithm	NN
cord-286274-1tb3uha2	212	8	of	of	IN
cord-286274-1tb3uha2	212	9	the	the	DT
cord-286274-1tb3uha2	212	10	average	average	JJ
cord-286274-1tb3uha2	212	11	total	total	JJ
cord-286274-1tb3uha2	212	12	assets	asset	NNS
cord-286274-1tb3uha2	212	13	.	.	.
cord-286274-1tb3uha2	213	1	This	this	DT
cord-286274-1tb3uha2	213	2	data	data	NN
cord-286274-1tb3uha2	213	3	of	of	IN
cord-286274-1tb3uha2	213	4	hotel	hotel	NN
cord-286274-1tb3uha2	213	5	firm	firm	NN
cord-286274-1tb3uha2	213	6	size	size	NN
cord-286274-1tb3uha2	213	7	are	be	VBP
cord-286274-1tb3uha2	213	8	also	also	RB
cord-286274-1tb3uha2	213	9	taken	take	VBN
cord-286274-1tb3uha2	213	10	from	from	IN
cord-286274-1tb3uha2	213	11	the	the	DT
cord-286274-1tb3uha2	213	12	TEJ	TEJ	NNP
cord-286274-1tb3uha2	213	13	financial	financial	JJ
cord-286274-1tb3uha2	213	14	database	database	NN
cord-286274-1tb3uha2	213	15	.	.	.
cord-286274-1tb3uha2	214	1	In	in	IN
cord-286274-1tb3uha2	214	2	addition	addition	NN
cord-286274-1tb3uha2	214	3	,	,	,
cord-286274-1tb3uha2	214	4	the	the	DT
cord-286274-1tb3uha2	214	5	possible	possible	JJ
cord-286274-1tb3uha2	214	6	influences	influence	NNS
cord-286274-1tb3uha2	214	7	of	of	IN
cord-286274-1tb3uha2	214	8	some	some	DT
cord-286274-1tb3uha2	214	9	recent	recent	JJ
cord-286274-1tb3uha2	214	10	unexpected	unexpected	JJ
cord-286274-1tb3uha2	214	11	crisis	crisis	NN
cord-286274-1tb3uha2	214	12	events	event	NNS
cord-286274-1tb3uha2	214	13	related	relate	VBN
cord-286274-1tb3uha2	214	14	to	to	IN
cord-286274-1tb3uha2	214	15	the	the	DT
cord-286274-1tb3uha2	214	16	hotel	hotel	NN
cord-286274-1tb3uha2	214	17	industry	industry	NN
cord-286274-1tb3uha2	214	18	are	be	VBP
cord-286274-1tb3uha2	214	19	also	also	RB
cord-286274-1tb3uha2	214	20	incorporated	incorporate	VBN
cord-286274-1tb3uha2	214	21	into	into	IN
cord-286274-1tb3uha2	214	22	the	the	DT
cord-286274-1tb3uha2	214	23	test	test	NN
cord-286274-1tb3uha2	214	24	regressions	regression	NNS
cord-286274-1tb3uha2	214	25	.	.	.
cord-286274-1tb3uha2	215	1	As	as	IN
cord-286274-1tb3uha2	215	2	mentioned	mention	VBN
cord-286274-1tb3uha2	215	3	,	,	,
cord-286274-1tb3uha2	215	4	the	the	DT
cord-286274-1tb3uha2	215	5	crisis	crisis	NN
cord-286274-1tb3uha2	215	6	events	event	NNS
cord-286274-1tb3uha2	215	7	under	under	IN
cord-286274-1tb3uha2	215	8	consideration	consideration	NN
cord-286274-1tb3uha2	215	9	in	in	IN
cord-286274-1tb3uha2	215	10	the	the	DT
cord-286274-1tb3uha2	215	11	study	study	NN
cord-286274-1tb3uha2	215	12	are	be	VBP
cord-286274-1tb3uha2	215	13	the	the	DT
cord-286274-1tb3uha2	215	14	earthquake	earthquake	NN
cord-286274-1tb3uha2	215	15	of	of	IN
cord-286274-1tb3uha2	215	16	September	September	NNP
cord-286274-1tb3uha2	215	17	21	21	CD
cord-286274-1tb3uha2	215	18	,	,	,
cord-286274-1tb3uha2	215	19	1999	1999	CD
cord-286274-1tb3uha2	215	20	(	(	-LRB-
cord-286274-1tb3uha2	215	21	the	the	DT
cord-286274-1tb3uha2	215	22	921	921	CD
cord-286274-1tb3uha2	215	23	earthquake	earthquake	NN
cord-286274-1tb3uha2	215	24	)	)	-RRB-
cord-286274-1tb3uha2	215	25	,	,	,
cord-286274-1tb3uha2	215	26	the	the	DT
cord-286274-1tb3uha2	215	27	terrorist	terrorist	JJ
cord-286274-1tb3uha2	215	28	attacks	attack	NNS
cord-286274-1tb3uha2	215	29	of	of	IN
cord-286274-1tb3uha2	215	30	September	September	NNP
cord-286274-1tb3uha2	215	31	11	11	CD
cord-286274-1tb3uha2	215	32	,	,	,
cord-286274-1tb3uha2	215	33	2001	2001	CD
cord-286274-1tb3uha2	215	34	in	in	IN
cord-286274-1tb3uha2	215	35	the	the	DT
cord-286274-1tb3uha2	215	36	U.S.	U.S.	NNP
cord-286274-1tb3uha2	216	1	(	(	-LRB-
cord-286274-1tb3uha2	216	2	the	the	DT
cord-286274-1tb3uha2	216	3	911	911	CD
cord-286274-1tb3uha2	216	4	terrorist	terrorist	JJ
cord-286274-1tb3uha2	216	5	attacks	attack	NNS
cord-286274-1tb3uha2	216	6	)	)	-RRB-
cord-286274-1tb3uha2	216	7	and	and	CC
cord-286274-1tb3uha2	216	8	the	the	DT
cord-286274-1tb3uha2	216	9	outbreak	outbreak	NN
cord-286274-1tb3uha2	216	10	of	of	IN
cord-286274-1tb3uha2	216	11	SARS	SARS	NNP
cord-286274-1tb3uha2	216	12	on	on	IN
cord-286274-1tb3uha2	216	13	April	April	NNP
cord-286274-1tb3uha2	216	14	22	22	CD
cord-286274-1tb3uha2	216	15	,	,	,
cord-286274-1tb3uha2	216	16	2003	2003	CD
cord-286274-1tb3uha2	216	17	(	(	-LRB-
cord-286274-1tb3uha2	216	18	the	the	DT
cord-286274-1tb3uha2	216	19	SARS	SARS	NNP
cord-286274-1tb3uha2	216	20	outbreak	outbreak	NN
cord-286274-1tb3uha2	216	21	)	)	-RRB-
cord-286274-1tb3uha2	216	22	.	.	.
cord-286274-1tb3uha2	217	1	Table	table	NN
cord-286274-1tb3uha2	217	2	1	1	CD
cord-286274-1tb3uha2	217	3	displays	display	VBZ
cord-286274-1tb3uha2	217	4	the	the	DT
cord-286274-1tb3uha2	217	5	correlation	correlation	NN
cord-286274-1tb3uha2	217	6	coefficient	coefficient	NN
cord-286274-1tb3uha2	217	7	values	value	NNS
cord-286274-1tb3uha2	217	8	among	among	IN
cord-286274-1tb3uha2	217	9	the	the	DT
cord-286274-1tb3uha2	217	10	five	five	CD
cord-286274-1tb3uha2	217	11	dependent	dependent	JJ
cord-286274-1tb3uha2	217	12	variables	variable	NNS
cord-286274-1tb3uha2	217	13	and	and	CC
cord-286274-1tb3uha2	217	14	the	the	DT
cord-286274-1tb3uha2	217	15	exploratory	exploratory	JJ
cord-286274-1tb3uha2	217	16	variables	variable	NNS
cord-286274-1tb3uha2	217	17	over	over	IN
cord-286274-1tb3uha2	217	18	the	the	DT
cord-286274-1tb3uha2	217	19	entire	entire	JJ
cord-286274-1tb3uha2	217	20	sample	sample	NN
cord-286274-1tb3uha2	217	21	period	period	NN
cord-286274-1tb3uha2	217	22	.	.	.
cord-286274-1tb3uha2	218	1	As	as	IN
cord-286274-1tb3uha2	218	2	shown	show	VBN
cord-286274-1tb3uha2	218	3	in	in	IN
cord-286274-1tb3uha2	218	4	Table	Table	NNP
cord-286274-1tb3uha2	218	5	1	1	CD
cord-286274-1tb3uha2	218	6	,	,	,
cord-286274-1tb3uha2	218	7	OPR	OPR	NNP
cord-286274-1tb3uha2	218	8	is	be	VBZ
cord-286274-1tb3uha2	218	9	significantly	significantly	RB
cord-286274-1tb3uha2	218	10	correlated	correlate	VBN
cord-286274-1tb3uha2	218	11	with	with	IN
cord-286274-1tb3uha2	218	12	DGDP	DGDP	NNP
cord-286274-1tb3uha2	218	13	,	,	,
cord-286274-1tb3uha2	218	14	whereas	whereas	IN
cord-286274-1tb3uha2	218	15	OPR	OPR	NNP
cord-286274-1tb3uha2	218	16	,	,	,
cord-286274-1tb3uha2	218	17	ROA	ROA	NNP
cord-286274-1tb3uha2	218	18	and	and	CC
cord-286274-1tb3uha2	218	19	ROE	ROE	NNP
cord-286274-1tb3uha2	218	20	are	be	VBP
cord-286274-1tb3uha2	218	21	highly	highly	RB
cord-286274-1tb3uha2	218	22	correlated	correlate	VBN
cord-286274-1tb3uha2	218	23	with	with	IN
cord-286274-1tb3uha2	218	24	DTA	DTA	NNP
cord-286274-1tb3uha2	218	25	.	.	.
cord-286274-1tb3uha2	219	1	However	however	RB
cord-286274-1tb3uha2	219	2	,	,	,
cord-286274-1tb3uha2	219	3	hotel	hotel	NN
cord-286274-1tb3uha2	219	4	stock	stock	NN
cord-286274-1tb3uha2	219	5	return	return	NN
cord-286274-1tb3uha2	219	6	(	(	-LRB-
cord-286274-1tb3uha2	219	7	SR	SR	NNP
cord-286274-1tb3uha2	219	8	)	)	-RRB-
cord-286274-1tb3uha2	219	9	is	be	VBZ
cord-286274-1tb3uha2	219	10	not	not	RB
cord-286274-1tb3uha2	219	11	significantly	significantly	RB
cord-286274-1tb3uha2	219	12	correlated	correlate	VBN
cord-286274-1tb3uha2	219	13	with	with	IN
cord-286274-1tb3uha2	219	14	either	either	CC
cord-286274-1tb3uha2	219	15	DGDP	DGDP	NNP
cord-286274-1tb3uha2	219	16	or	or	CC
cord-286274-1tb3uha2	219	17	DTA	DTA	NNP
cord-286274-1tb3uha2	219	18	.	.	.
cord-286274-1tb3uha2	220	1	The	the	DT
cord-286274-1tb3uha2	220	2	overall	overall	JJ
cord-286274-1tb3uha2	220	3	performance	performance	NN
cord-286274-1tb3uha2	220	4	(	(	-LRB-
cord-286274-1tb3uha2	220	5	SCORE	score	NN
cord-286274-1tb3uha2	220	6	)	)	-RRB-
cord-286274-1tb3uha2	220	7	appeared	appear	VBD
cord-286274-1tb3uha2	220	8	to	to	TO
cord-286274-1tb3uha2	220	9	be	be	VB
cord-286274-1tb3uha2	220	10	strongly	strongly	RB
cord-286274-1tb3uha2	220	11	correlated	correlate	VBN
cord-286274-1tb3uha2	220	12	with	with	IN
cord-286274-1tb3uha2	220	13	both	both	DT
cord-286274-1tb3uha2	220	14	DGDP	DGDP	NNP
cord-286274-1tb3uha2	220	15	and	and	CC
cord-286274-1tb3uha2	220	16	DTA	DTA	NNP
cord-286274-1tb3uha2	220	17	.	.	.
cord-286274-1tb3uha2	221	1	Moreover	moreover	RB
cord-286274-1tb3uha2	221	2	,	,	,
cord-286274-1tb3uha2	221	3	high	high	JJ
cord-286274-1tb3uha2	221	4	correlation	correlation	NN
cord-286274-1tb3uha2	221	5	between	between	IN
cord-286274-1tb3uha2	221	6	DGDP	DGDP	NNP
cord-286274-1tb3uha2	221	7	and	and	CC
cord-286274-1tb3uha2	221	8	DTA	DTA	NNP
cord-286274-1tb3uha2	221	9	indicates	indicate	VBZ
cord-286274-1tb3uha2	221	10	that	that	IN
cord-286274-1tb3uha2	221	11	economic	economic	JJ
cord-286274-1tb3uha2	221	12	growth	growth	NN
cord-286274-1tb3uha2	221	13	and	and	CC
cord-286274-1tb3uha2	221	14	tourism	tourism	NN
cord-286274-1tb3uha2	221	15	development	development	NN
cord-286274-1tb3uha2	221	16	are	be	VBP
cord-286274-1tb3uha2	221	17	highly	highly	RB
cord-286274-1tb3uha2	221	18	correlated	correlate	VBN
cord-286274-1tb3uha2	221	19	.	.	.
cord-286274-1tb3uha2	222	1	This	this	DT
cord-286274-1tb3uha2	222	2	is	be	VBZ
cord-286274-1tb3uha2	222	3	consistent	consistent	JJ
cord-286274-1tb3uha2	222	4	with	with	IN
cord-286274-1tb3uha2	222	5	the	the	DT
cord-286274-1tb3uha2	222	6	empirical	empirical	JJ
cord-286274-1tb3uha2	222	7	finding	finding	NN
cord-286274-1tb3uha2	222	8	in	in	IN
cord-286274-1tb3uha2	222	9	Kim	Kim	NNP
cord-286274-1tb3uha2	222	10	et	et	NNP
cord-286274-1tb3uha2	222	11	al	al	NNP
cord-286274-1tb3uha2	222	12	.	.	.
cord-286274-1tb3uha2	223	1	(	(	-LRB-
cord-286274-1tb3uha2	223	2	2006	2006	CD
cord-286274-1tb3uha2	223	3	)	)	-RRB-
cord-286274-1tb3uha2	223	4	.	.	.
cord-286274-1tb3uha2	224	1	They	-PRON-	PRP
cord-286274-1tb3uha2	224	2	show	show	VBP
cord-286274-1tb3uha2	224	3	that	that	IN
cord-286274-1tb3uha2	224	4	the	the	DT
cord-286274-1tb3uha2	224	5	growing	grow	VBG
cord-286274-1tb3uha2	224	6	inflow	inflow	NN
cord-286274-1tb3uha2	224	7	of	of	IN
cord-286274-1tb3uha2	224	8	foreign	foreign	JJ
cord-286274-1tb3uha2	224	9	visitors	visitor	NNS
cord-286274-1tb3uha2	224	10	to	to	IN
cord-286274-1tb3uha2	224	11	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	224	12	promotes	promote	VBZ
cord-286274-1tb3uha2	224	13	economic	economic	JJ
cord-286274-1tb3uha2	224	14	development	development	NN
cord-286274-1tb3uha2	224	15	and	and	CC
cord-286274-1tb3uha2	224	16	an	an	DT
cord-286274-1tb3uha2	224	17	expanding	expand	VBG
cord-286274-1tb3uha2	224	18	economy	economy	NN
cord-286274-1tb3uha2	224	19	leads	lead	VBZ
cord-286274-1tb3uha2	224	20	to	to	IN
cord-286274-1tb3uha2	224	21	tourism	tourism	NN
cord-286274-1tb3uha2	224	22	expansion	expansion	NN
cord-286274-1tb3uha2	224	23	.	.	.
cord-286274-1tb3uha2	225	1	To	to	TO
cord-286274-1tb3uha2	225	2	examine	examine	VB
cord-286274-1tb3uha2	225	3	the	the	DT
cord-286274-1tb3uha2	225	4	impact	impact	NN
cord-286274-1tb3uha2	225	5	of	of	IN
cord-286274-1tb3uha2	225	6	economic	economic	JJ
cord-286274-1tb3uha2	225	7	condition	condition	NN
cord-286274-1tb3uha2	225	8	and	and	CC
cord-286274-1tb3uha2	225	9	tourism	tourism	NN
cord-286274-1tb3uha2	225	10	growth	growth	NN
cord-286274-1tb3uha2	225	11	on	on	IN
cord-286274-1tb3uha2	225	12	corporate	corporate	JJ
cord-286274-1tb3uha2	225	13	performance	performance	NN
cord-286274-1tb3uha2	225	14	of	of	IN
cord-286274-1tb3uha2	225	15	hotel	hotel	NN
cord-286274-1tb3uha2	225	16	companies	company	NNS
cord-286274-1tb3uha2	225	17	,	,	,
cord-286274-1tb3uha2	225	18	we	-PRON-	PRP
cord-286274-1tb3uha2	225	19	perform	perform	VBP
cord-286274-1tb3uha2	225	20	panel	panel	NN
cord-286274-1tb3uha2	225	21	regression	regression	NN
cord-286274-1tb3uha2	225	22	tests	test	NNS
cord-286274-1tb3uha2	225	23	using	use	VBG
cord-286274-1tb3uha2	225	24	a	a	DT
cord-286274-1tb3uha2	225	25	balanced	balanced	JJ
cord-286274-1tb3uha2	225	26	panel	panel	NN
cord-286274-1tb3uha2	225	27	data	datum	NNS
cord-286274-1tb3uha2	225	28	of	of	IN
cord-286274-1tb3uha2	225	29	five	five	CD
cord-286274-1tb3uha2	225	30	hotel	hotel	NN
cord-286274-1tb3uha2	225	31	companies	company	NNS
cord-286274-1tb3uha2	225	32	spanning	span	VBG
cord-286274-1tb3uha2	225	33	the	the	DT
cord-286274-1tb3uha2	225	34	period	period	NN
cord-286274-1tb3uha2	225	35	from	from	IN
cord-286274-1tb3uha2	225	36	1997	1997	CD
cord-286274-1tb3uha2	225	37	to	to	IN
cord-286274-1tb3uha2	225	38	2008	2008	CD
cord-286274-1tb3uha2	225	39	.	.	.
cord-286274-1tb3uha2	226	1	Baltagi	Baltagi	NNP
cord-286274-1tb3uha2	226	2	(	(	-LRB-
cord-286274-1tb3uha2	226	3	2005	2005	CD
cord-286274-1tb3uha2	226	4	)	)	-RRB-
cord-286274-1tb3uha2	226	5	and	and	CC
cord-286274-1tb3uha2	226	6	Hsiao	Hsiao	NNP
cord-286274-1tb3uha2	226	7	(	(	-LRB-
cord-286274-1tb3uha2	226	8	1986	1986	CD
cord-286274-1tb3uha2	226	9	)	)	-RRB-
cord-286274-1tb3uha2	226	10	argued	argue	VBD
cord-286274-1tb3uha2	226	11	that	that	IN
cord-286274-1tb3uha2	226	12	panel	panel	NN
cord-286274-1tb3uha2	226	13	data	datum	NNS
cord-286274-1tb3uha2	226	14	methodology	methodology	NN
cord-286274-1tb3uha2	226	15	can	can	MD
cord-286274-1tb3uha2	226	16	control	control	VB
cord-286274-1tb3uha2	226	17	for	for	IN
cord-286274-1tb3uha2	226	18	an	an	DT
cord-286274-1tb3uha2	226	19	individual	individual	JJ
cord-286274-1tb3uha2	226	20	firm	firm	NN
cord-286274-1tb3uha2	226	21	's	's	POS
cord-286274-1tb3uha2	226	22	heterogeneity	heterogeneity	NN
cord-286274-1tb3uha2	226	23	,	,	,
cord-286274-1tb3uha2	226	24	reduce	reduce	VB
cord-286274-1tb3uha2	226	25	problems	problem	NNS
cord-286274-1tb3uha2	226	26	associated	associate	VBN
cord-286274-1tb3uha2	226	27	with	with	IN
cord-286274-1tb3uha2	226	28	multicollinearity	multicollinearity	NN
cord-286274-1tb3uha2	226	29	and	and	CC
cord-286274-1tb3uha2	226	30	estimation	estimation	NN
cord-286274-1tb3uha2	226	31	bias	bias	NN
cord-286274-1tb3uha2	226	32	and	and	CC
cord-286274-1tb3uha2	226	33	specify	specify	VB
cord-286274-1tb3uha2	226	34	the	the	DT
cord-286274-1tb3uha2	226	35	time	time	NN
cord-286274-1tb3uha2	226	36	-	-	HYPH
cord-286274-1tb3uha2	226	37	varying	vary	VBG
cord-286274-1tb3uha2	226	38	relation	relation	NN
cord-286274-1tb3uha2	226	39	between	between	IN
cord-286274-1tb3uha2	226	40	dependent	dependent	JJ
cord-286274-1tb3uha2	226	41	and	and	CC
cord-286274-1tb3uha2	226	42	independent	independent	JJ
cord-286274-1tb3uha2	226	43	variables	variable	NNS
cord-286274-1tb3uha2	226	44	.	.	.
cord-286274-1tb3uha2	227	1	Moreover	moreover	RB
cord-286274-1tb3uha2	227	2	,	,	,
cord-286274-1tb3uha2	227	3	when	when	WRB
cord-286274-1tb3uha2	227	4	performing	perform	VBG
cord-286274-1tb3uha2	227	5	panel	panel	NN
cord-286274-1tb3uha2	227	6	regression	regression	NN
cord-286274-1tb3uha2	227	7	tests	test	NNS
cord-286274-1tb3uha2	227	8	,	,	,
cord-286274-1tb3uha2	227	9	we	-PRON-	PRP
cord-286274-1tb3uha2	227	10	also	also	RB
cord-286274-1tb3uha2	227	11	consider	consider	VBP
cord-286274-1tb3uha2	227	12	three	three	CD
cord-286274-1tb3uha2	227	13	estimation	estimation	NN
cord-286274-1tb3uha2	227	14	methods	method	NNS
cord-286274-1tb3uha2	227	15	:	:	:
cord-286274-1tb3uha2	227	16	pooled	pool	VBN
cord-286274-1tb3uha2	227	17	ordinary	ordinary	JJ
cord-286274-1tb3uha2	227	18	least	least	JJS
cord-286274-1tb3uha2	227	19	square	square	JJ
cord-286274-1tb3uha2	227	20	(	(	-LRB-
cord-286274-1tb3uha2	227	21	OLS	OLS	NNP
cord-286274-1tb3uha2	227	22	)	)	-RRB-
cord-286274-1tb3uha2	227	23	,	,	,
cord-286274-1tb3uha2	227	24	fixed	fix	VBN
cord-286274-1tb3uha2	227	25	effects	effect	NNS
cord-286274-1tb3uha2	227	26	and	and	CC
cord-286274-1tb3uha2	227	27	random	random	JJ
cord-286274-1tb3uha2	227	28	effects	effect	NNS
cord-286274-1tb3uha2	227	29	.	.	.
cord-286274-1tb3uha2	228	1	Accordingly	accordingly	RB
cord-286274-1tb3uha2	228	2	,	,	,
cord-286274-1tb3uha2	228	3	the	the	DT
cord-286274-1tb3uha2	228	4	following	follow	VBG
cord-286274-1tb3uha2	228	5	panel	panel	NN
cord-286274-1tb3uha2	228	6	regression	regression	NN
cord-286274-1tb3uha2	228	7	tests	test	NNS
cord-286274-1tb3uha2	228	8	are	be	VBP
cord-286274-1tb3uha2	228	9	performed	perform	VBN
cord-286274-1tb3uha2	228	10	:	:	:
cord-286274-1tb3uha2	228	11	where	where	WRB
cord-286274-1tb3uha2	228	12	D921	D921	NNPS
cord-286274-1tb3uha2	228	13	,	,	,
cord-286274-1tb3uha2	228	14	D911	D911	NNP
cord-286274-1tb3uha2	228	15	and	and	CC
cord-286274-1tb3uha2	228	16	DSARS	DSARS	NNP
cord-286274-1tb3uha2	228	17	denotes	denote	VBZ
cord-286274-1tb3uha2	228	18	the	the	DT
cord-286274-1tb3uha2	228	19	dummy	dummy	JJ
cord-286274-1tb3uha2	228	20	variable	variable	NN
cord-286274-1tb3uha2	228	21	of	of	IN
cord-286274-1tb3uha2	228	22	the	the	DT
cord-286274-1tb3uha2	228	23	921	921	CD
cord-286274-1tb3uha2	228	24	earthquake	earthquake	NN
cord-286274-1tb3uha2	228	25	(	(	-LRB-
cord-286274-1tb3uha2	228	26	September	September	NNP
cord-286274-1tb3uha2	228	27	1999	1999	CD
cord-286274-1tb3uha2	228	28	)	)	-RRB-
cord-286274-1tb3uha2	228	29	,	,	,
cord-286274-1tb3uha2	228	30	the	the	DT
cord-286274-1tb3uha2	228	31	911	911	CD
cord-286274-1tb3uha2	228	32	terrorist	terrorist	JJ
cord-286274-1tb3uha2	228	33	attacks	attack	NNS
cord-286274-1tb3uha2	228	34	in	in	IN
cord-286274-1tb3uha2	228	35	the	the	DT
cord-286274-1tb3uha2	228	36	US	US	NNP
cord-286274-1tb3uha2	228	37	(	(	-LRB-
cord-286274-1tb3uha2	228	38	September	September	NNP
cord-286274-1tb3uha2	228	39	2001	2001	CD
cord-286274-1tb3uha2	228	40	)	)	-RRB-
cord-286274-1tb3uha2	228	41	,	,	,
cord-286274-1tb3uha2	228	42	the	the	DT
cord-286274-1tb3uha2	228	43	SARS	SARS	NNP
cord-286274-1tb3uha2	228	44	outbreak	outbreak	NN
cord-286274-1tb3uha2	228	45	(	(	-LRB-
cord-286274-1tb3uha2	228	46	April	April	NNP
cord-286274-1tb3uha2	228	47	2003	2003	CD
cord-286274-1tb3uha2	228	48	)	)	-RRB-
cord-286274-1tb3uha2	228	49	respectively	respectively	RB
cord-286274-1tb3uha2	228	50	.	.	.
cord-286274-1tb3uha2	229	1	All	all	DT
cord-286274-1tb3uha2	229	2	dummy	dummy	JJ
cord-286274-1tb3uha2	229	3	variables	variable	NNS
cord-286274-1tb3uha2	229	4	take	take	VBP
cord-286274-1tb3uha2	229	5	the	the	DT
cord-286274-1tb3uha2	229	6	value	value	NN
cord-286274-1tb3uha2	229	7	of	of	IN
cord-286274-1tb3uha2	229	8	1	1	CD
cord-286274-1tb3uha2	229	9	during	during	IN
cord-286274-1tb3uha2	229	10	the	the	DT
cord-286274-1tb3uha2	229	11	corresponding	corresponding	JJ
cord-286274-1tb3uha2	229	12	quarter	quarter	NN
cord-286274-1tb3uha2	229	13	on	on	IN
cord-286274-1tb3uha2	229	14	the	the	DT
cord-286274-1tb3uha2	229	15	event	event	NN
cord-286274-1tb3uha2	229	16	date	date	NN
cord-286274-1tb3uha2	229	17	and	and	CC
cord-286274-1tb3uha2	229	18	0	0	NFP
cord-286274-1tb3uha2	229	19	otherwise	otherwise	RB
cord-286274-1tb3uha2	229	20	.	.	.
cord-286274-1tb3uha2	230	1	Before	before	IN
cord-286274-1tb3uha2	230	2	running	run	VBG
cord-286274-1tb3uha2	230	3	panel	panel	NN
cord-286274-1tb3uha2	230	4	regression	regression	NN
cord-286274-1tb3uha2	230	5	tests	test	NNS
cord-286274-1tb3uha2	230	6	,	,	,
cord-286274-1tb3uha2	230	7	we	-PRON-	PRP
cord-286274-1tb3uha2	230	8	use	use	VBP
cord-286274-1tb3uha2	230	9	the	the	DT
cord-286274-1tb3uha2	230	10	unit	unit	NN
cord-286274-1tb3uha2	230	11	root	root	NN
cord-286274-1tb3uha2	230	12	test	test	NN
cord-286274-1tb3uha2	230	13	to	to	TO
cord-286274-1tb3uha2	230	14	examine	examine	VB
cord-286274-1tb3uha2	230	15	the	the	DT
cord-286274-1tb3uha2	230	16	stationary	stationary	NN
cord-286274-1tb3uha2	230	17	of	of	IN
cord-286274-1tb3uha2	230	18	all	all	DT
cord-286274-1tb3uha2	230	19	variables	variable	NNS
cord-286274-1tb3uha2	230	20	.	.	.
cord-286274-1tb3uha2	231	1	To	to	TO
cord-286274-1tb3uha2	231	2	avoid	avoid	VB
cord-286274-1tb3uha2	231	3	the	the	DT
cord-286274-1tb3uha2	231	4	spurious	spurious	JJ
cord-286274-1tb3uha2	231	5	regression	regression	NN
cord-286274-1tb3uha2	231	6	,	,	,
cord-286274-1tb3uha2	231	7	we	-PRON-	PRP
cord-286274-1tb3uha2	231	8	have	have	VBP
cord-286274-1tb3uha2	231	9	to	to	TO
cord-286274-1tb3uha2	231	10	confirm	confirm	VB
cord-286274-1tb3uha2	231	11	that	that	IN
cord-286274-1tb3uha2	231	12	all	all	DT
cord-286274-1tb3uha2	231	13	variables	variable	NNS
cord-286274-1tb3uha2	231	14	are	be	VBP
cord-286274-1tb3uha2	231	15	stationary	stationary	JJ
cord-286274-1tb3uha2	231	16	.	.	.
cord-286274-1tb3uha2	232	1	The	the	DT
cord-286274-1tb3uha2	232	2	panel	panel	NN
cord-286274-1tb3uha2	232	3	unit	unit	NN
cord-286274-1tb3uha2	232	4	root	root	NN
cord-286274-1tb3uha2	232	5	tests	test	NNS
cord-286274-1tb3uha2	232	6	of	of	IN
cord-286274-1tb3uha2	232	7	Breitung	Breitung	NNP
cord-286274-1tb3uha2	232	8	(	(	-LRB-
cord-286274-1tb3uha2	232	9	2000	2000	CD
cord-286274-1tb3uha2	232	10	)	)	-RRB-
cord-286274-1tb3uha2	232	11	and	and	CC
cord-286274-1tb3uha2	232	12	I	-PRON-	PRP
cord-286274-1tb3uha2	232	13	m	be	VBP
cord-286274-1tb3uha2	232	14	,	,	,
cord-286274-1tb3uha2	232	15	Pesaran	Pesaran	NNP
cord-286274-1tb3uha2	232	16	,	,	,
cord-286274-1tb3uha2	232	17	and	and	CC
cord-286274-1tb3uha2	232	18	Shin	Shin	NNP
cord-286274-1tb3uha2	232	19	(	(	-LRB-
cord-286274-1tb3uha2	232	20	2003	2003	CD
cord-286274-1tb3uha2	232	21	)	)	-RRB-
cord-286274-1tb3uha2	232	22	are	be	VBP
cord-286274-1tb3uha2	232	23	executed	execute	VBN
cord-286274-1tb3uha2	232	24	to	to	TO
cord-286274-1tb3uha2	232	25	examine	examine	VB
cord-286274-1tb3uha2	232	26	the	the	DT
cord-286274-1tb3uha2	232	27	stationary	stationary	NN
cord-286274-1tb3uha2	232	28	of	of	IN
cord-286274-1tb3uha2	232	29	all	all	DT
cord-286274-1tb3uha2	232	30	variables	variable	NNS
cord-286274-1tb3uha2	232	31	.	.	.
cord-286274-1tb3uha2	233	1	Results	result	NNS
cord-286274-1tb3uha2	233	2	of	of	IN
cord-286274-1tb3uha2	233	3	both	both	DT
cord-286274-1tb3uha2	233	4	tests	test	NNS
cord-286274-1tb3uha2	233	5	indicate	indicate	VBP
cord-286274-1tb3uha2	233	6	that	that	IN
cord-286274-1tb3uha2	233	7	DGDP	DGDP	NNP
cord-286274-1tb3uha2	233	8	,	,	,
cord-286274-1tb3uha2	233	9	DTA	DTA	NNP
cord-286274-1tb3uha2	233	10	,	,	,
cord-286274-1tb3uha2	233	11	OPR	OPR	NNP
cord-286274-1tb3uha2	233	12	,	,	,
cord-286274-1tb3uha2	233	13	ROA	ROA	NNP
cord-286274-1tb3uha2	233	14	,	,	,
cord-286274-1tb3uha2	233	15	ROE	ROE	NNP
cord-286274-1tb3uha2	233	16	,	,	,
cord-286274-1tb3uha2	233	17	SR	SR	NNP
cord-286274-1tb3uha2	233	18	,	,	,
cord-286274-1tb3uha2	233	19	SCORE	score	NN
cord-286274-1tb3uha2	233	20	and	and	CC
cord-286274-1tb3uha2	233	21	SIZE	size	NN
cord-286274-1tb3uha2	233	22	are	be	VBP
cord-286274-1tb3uha2	233	23	all	all	DT
cord-286274-1tb3uha2	233	24	stationary	stationary	JJ
cord-286274-1tb3uha2	233	25	(	(	-LRB-
cord-286274-1tb3uha2	233	26	see	see	VB
cord-286274-1tb3uha2	233	27	Table	table	NN
cord-286274-1tb3uha2	233	28	2	2	CD
cord-286274-1tb3uha2	233	29	)	)	-RRB-
cord-286274-1tb3uha2	233	30	.	.	.
cord-286274-1tb3uha2	234	1	Linear	linear	JJ
cord-286274-1tb3uha2	234	2	panel	panel	NN
cord-286274-1tb3uha2	234	3	data	data	NN
cord-286274-1tb3uha2	234	4	regression	regression	NN
cord-286274-1tb3uha2	234	5	test	test	NN
cord-286274-1tb3uha2	234	6	can	can	MD
cord-286274-1tb3uha2	234	7	be	be	VB
cord-286274-1tb3uha2	234	8	estimated	estimate	VBN
cord-286274-1tb3uha2	234	9	using	use	VBG
cord-286274-1tb3uha2	234	10	three	three	CD
cord-286274-1tb3uha2	234	11	methods	method	NNS
cord-286274-1tb3uha2	234	12	:	:	:
cord-286274-1tb3uha2	234	13	pooled	pool	VBN
cord-286274-1tb3uha2	234	14	ordinary	ordinary	JJ
cord-286274-1tb3uha2	234	15	least	least	JJS
cord-286274-1tb3uha2	234	16	square	square	JJ
cord-286274-1tb3uha2	234	17	(	(	-LRB-
cord-286274-1tb3uha2	234	18	OLS	OLS	NNP
cord-286274-1tb3uha2	234	19	)	)	-RRB-
cord-286274-1tb3uha2	234	20	,	,	,
cord-286274-1tb3uha2	234	21	the	the	DT
cord-286274-1tb3uha2	234	22	fixed	fix	VBN
cord-286274-1tb3uha2	234	23	effects	effect	NNS
cord-286274-1tb3uha2	234	24	method	method	NN
cord-286274-1tb3uha2	234	25	and	and	CC
cord-286274-1tb3uha2	234	26	the	the	DT
cord-286274-1tb3uha2	234	27	random	random	JJ
cord-286274-1tb3uha2	234	28	effects	effect	NNS
cord-286274-1tb3uha2	234	29	method	method	NN
cord-286274-1tb3uha2	234	30	(	(	-LRB-
cord-286274-1tb3uha2	234	31	Dimitrios	Dimitrios	NNP
cord-286274-1tb3uha2	234	32	,	,	,
cord-286274-1tb3uha2	234	33	2005	2005	CD
cord-286274-1tb3uha2	234	34	)	)	-RRB-
cord-286274-1tb3uha2	234	35	.	.	.
cord-286274-1tb3uha2	235	1	The	the	DT
cord-286274-1tb3uha2	235	2	pooled	pool	VBN
cord-286274-1tb3uha2	235	3	OLS	ols	NN
cord-286274-1tb3uha2	235	4	method	method	NN
cord-286274-1tb3uha2	235	5	estimates	estimate	VBZ
cord-286274-1tb3uha2	235	6	a	a	DT
cord-286274-1tb3uha2	235	7	common	common	JJ
cord-286274-1tb3uha2	235	8	constant	constant	NN
cord-286274-1tb3uha2	235	9	for	for	IN
cord-286274-1tb3uha2	235	10	all	all	DT
cord-286274-1tb3uha2	235	11	crosssections	crosssection	NNS
cord-286274-1tb3uha2	235	12	.	.	.
cord-286274-1tb3uha2	236	1	That	that	RB
cord-286274-1tb3uha2	236	2	is	is	RB
cord-286274-1tb3uha2	236	3	,	,	,
cord-286274-1tb3uha2	236	4	there	there	EX
cord-286274-1tb3uha2	236	5	are	be	VBP
cord-286274-1tb3uha2	236	6	no	no	DT
cord-286274-1tb3uha2	236	7	differences	difference	NNS
cord-286274-1tb3uha2	236	8	between	between	IN
cord-286274-1tb3uha2	236	9	the	the	DT
cord-286274-1tb3uha2	236	10	estimated	estimate	VBN
cord-286274-1tb3uha2	236	11	cross	cross	NN
cord-286274-1tb3uha2	236	12	-	-	NNS
cord-286274-1tb3uha2	236	13	sections	section	NNS
cord-286274-1tb3uha2	236	14	.	.	.
cord-286274-1tb3uha2	237	1	The	the	DT
cord-286274-1tb3uha2	237	2	constant	constant	NN
cord-286274-1tb3uha2	237	3	is	be	VBZ
cord-286274-1tb3uha2	237	4	treated	treat	VBN
cord-286274-1tb3uha2	237	5	as	as	IN
cord-286274-1tb3uha2	237	6	section	section	NN
cord-286274-1tb3uha2	237	7	-	-	HYPH
cord-286274-1tb3uha2	237	8	specific	specific	JJ
cord-286274-1tb3uha2	237	9	in	in	IN
cord-286274-1tb3uha2	237	10	the	the	DT
cord-286274-1tb3uha2	237	11	fixed	fix	VBN
cord-286274-1tb3uha2	237	12	effects	effect	NNS
cord-286274-1tb3uha2	237	13	method	method	NN
cord-286274-1tb3uha2	237	14	.	.	.
cord-286274-1tb3uha2	238	1	The	the	DT
cord-286274-1tb3uha2	238	2	difference	difference	NN
cord-286274-1tb3uha2	238	3	between	between	IN
cord-286274-1tb3uha2	238	4	the	the	DT
cord-286274-1tb3uha2	238	5	fixed	fix	VBN
cord-286274-1tb3uha2	238	6	effects	effect	NNS
cord-286274-1tb3uha2	238	7	method	method	NN
cord-286274-1tb3uha2	238	8	and	and	CC
cord-286274-1tb3uha2	238	9	random	random	JJ
cord-286274-1tb3uha2	238	10	effects	effect	NNS
cord-286274-1tb3uha2	238	11	method	method	NN
cord-286274-1tb3uha2	238	12	is	be	VBZ
cord-286274-1tb3uha2	238	13	that	that	IN
cord-286274-1tb3uha2	238	14	the	the	DT
cord-286274-1tb3uha2	238	15	constants	constant	NNS
cord-286274-1tb3uha2	238	16	of	of	IN
cord-286274-1tb3uha2	238	17	the	the	DT
cord-286274-1tb3uha2	238	18	random	random	JJ
cord-286274-1tb3uha2	238	19	effects	effect	NNS
cord-286274-1tb3uha2	238	20	method	method	NN
cord-286274-1tb3uha2	238	21	for	for	IN
cord-286274-1tb3uha2	238	22	each	each	DT
cord-286274-1tb3uha2	238	23	section	section	NN
cord-286274-1tb3uha2	238	24	are	be	VBP
cord-286274-1tb3uha2	238	25	random	random	JJ
cord-286274-1tb3uha2	238	26	parameters	parameter	NNS
cord-286274-1tb3uha2	238	27	.	.	.
cord-286274-1tb3uha2	239	1	The	the	DT
cord-286274-1tb3uha2	239	2	fixed	fix	VBN
cord-286274-1tb3uha2	239	3	effects	effect	NNS
cord-286274-1tb3uha2	239	4	estimator	estimator	NN
cord-286274-1tb3uha2	239	5	is	be	VBZ
cord-286274-1tb3uha2	239	6	also	also	RB
cord-286274-1tb3uha2	239	7	called	call	VBN
cord-286274-1tb3uha2	239	8	the	the	DT
cord-286274-1tb3uha2	239	9	least	least	JJS
cord-286274-1tb3uha2	239	10	squares	square	NNS
cord-286274-1tb3uha2	239	11	dummy	dummy	JJ
cord-286274-1tb3uha2	239	12	variables	variable	NNS
cord-286274-1tb3uha2	239	13	estimator	estimator	NN
cord-286274-1tb3uha2	239	14	because	because	IN
cord-286274-1tb3uha2	239	15	the	the	DT
cord-286274-1tb3uha2	239	16	fixed	fix	VBN
cord-286274-1tb3uha2	239	17	effects	effect	NNS
cord-286274-1tb3uha2	239	18	method	method	NN
cord-286274-1tb3uha2	239	19	includes	include	VBZ
cord-286274-1tb3uha2	239	20	a	a	DT
cord-286274-1tb3uha2	239	21	dummy	dummy	JJ
cord-286274-1tb3uha2	239	22	variable	variable	NN
cord-286274-1tb3uha2	239	23	for	for	IN
cord-286274-1tb3uha2	239	24	each	each	DT
cord-286274-1tb3uha2	239	25	hotel	hotel	NN
cord-286274-1tb3uha2	239	26	to	to	TO
cord-286274-1tb3uha2	239	27	allow	allow	VB
cord-286274-1tb3uha2	239	28	for	for	IN
cord-286274-1tb3uha2	239	29	different	different	JJ
cord-286274-1tb3uha2	239	30	constants	constant	NNS
cord-286274-1tb3uha2	239	31	for	for	IN
cord-286274-1tb3uha2	239	32	each	each	DT
cord-286274-1tb3uha2	239	33	hotel	hotel	NN
cord-286274-1tb3uha2	239	34	.	.	.
cord-286274-1tb3uha2	240	1	Consider	consider	VB
cord-286274-1tb3uha2	240	2	the	the	DT
cord-286274-1tb3uha2	240	3	following	following	JJ
cord-286274-1tb3uha2	240	4	model	model	NN
cord-286274-1tb3uha2	240	5	:	:	:
cord-286274-1tb3uha2	241	1	We	-PRON-	PRP
cord-286274-1tb3uha2	241	2	can	can	MD
cord-286274-1tb3uha2	241	3	re	re	VB
cord-286274-1tb3uha2	241	4	-	-	VB
cord-286274-1tb3uha2	241	5	write	write	VB
cord-286274-1tb3uha2	241	6	the	the	DT
cord-286274-1tb3uha2	241	7	model	model	NN
cord-286274-1tb3uha2	241	8	in	in	IN
cord-286274-1tb3uha2	241	9	the	the	DT
cord-286274-1tb3uha2	241	10	matrix	matrix	NN
cord-286274-1tb3uha2	241	11	notation	notation	NN
cord-286274-1tb3uha2	241	12	as	as	IN
cord-286274-1tb3uha2	241	13	:	:	:
cord-286274-1tb3uha2	241	14	i	i	PRP
cord-286274-1tb3uha2	241	15	¼	¼	NNP
cord-286274-1tb3uha2	241	16	1	1	CD
cord-286274-1tb3uha2	241	17	;	;	:
cord-286274-1tb3uha2	241	18	/n	/n	NNP
cord-286274-1tb3uha2	241	19	,	,	,
cord-286274-1tb3uha2	241	20	t	t	NNP
cord-286274-1tb3uha2	241	21	¼	¼	NNP
cord-286274-1tb3uha2	241	22	1	1	CD
cord-286274-1tb3uha2	241	23	;	;	:
cord-286274-1tb3uha2	241	24	/T	/T	.
cord-286274-1tb3uha2	241	25	;	;	:
cord-286274-1tb3uha2	241	26	the	the	DT
cord-286274-1tb3uha2	241	27	dummy	dummy	JJ
cord-286274-1tb3uha2	241	28	variable	variable	NN
cord-286274-1tb3uha2	241	29	allows	allow	VBZ
cord-286274-1tb3uha2	241	30	us	-PRON-	PRP
cord-286274-1tb3uha2	241	31	to	to	TO
cord-286274-1tb3uha2	241	32	take	take	VB
cord-286274-1tb3uha2	241	33	different	different	JJ
cord-286274-1tb3uha2	241	34	group	group	NN
cord-286274-1tb3uha2	241	35	-	-	HYPH
cord-286274-1tb3uha2	241	36	specific	specific	JJ
cord-286274-1tb3uha2	241	37	estimates	estimate	NNS
cord-286274-1tb3uha2	241	38	for	for	IN
cord-286274-1tb3uha2	241	39	each	each	DT
cord-286274-1tb3uha2	241	40	of	of	IN
cord-286274-1tb3uha2	241	41	the	the	DT
cord-286274-1tb3uha2	241	42	constants	constant	NNS
cord-286274-1tb3uha2	241	43	for	for	IN
cord-286274-1tb3uha2	241	44	every	every	DT
cord-286274-1tb3uha2	241	45	different	different	JJ
cord-286274-1tb3uha2	241	46	section	section	NN
cord-286274-1tb3uha2	241	47	.	.	.
cord-286274-1tb3uha2	242	1	n	n	NNP
cord-286274-1tb3uha2	242	2	is	be	VBZ
cord-286274-1tb3uha2	242	3	the	the	DT
cord-286274-1tb3uha2	242	4	number	number	NN
cord-286274-1tb3uha2	242	5	of	of	IN
cord-286274-1tb3uha2	242	6	hotels	hotel	NNS
cord-286274-1tb3uha2	242	7	.	.	.
cord-286274-1tb3uha2	243	1	T	T	NNP
cord-286274-1tb3uha2	243	2	andkrepresent	andkrepresent	VBP
cord-286274-1tb3uha2	243	3	the	the	DT
cord-286274-1tb3uha2	243	4	time	time	NN
cord-286274-1tb3uha2	243	5	periods	period	NNS
cord-286274-1tb3uha2	243	6	and	and	CC
cord-286274-1tb3uha2	243	7	the	the	DT
cord-286274-1tb3uha2	243	8	number	number	NN
cord-286274-1tb3uha2	243	9	of	of	IN
cord-286274-1tb3uha2	243	10	the	the	DT
cord-286274-1tb3uha2	243	11	independent	independent	JJ
cord-286274-1tb3uha2	243	12	variables	variable	NNS
cord-286274-1tb3uha2	243	13	,	,	,
cord-286274-1tb3uha2	243	14	respectively	respectively	RB
cord-286274-1tb3uha2	243	15	.	.	.
cord-286274-1tb3uha2	244	1	In	in	IN
cord-286274-1tb3uha2	244	2	this	this	DT
cord-286274-1tb3uha2	244	3	study	study	NN
cord-286274-1tb3uha2	244	4	,	,	,
cord-286274-1tb3uha2	244	5	n	n	NNP
cord-286274-1tb3uha2	244	6	is	be	VBZ
cord-286274-1tb3uha2	244	7	equal	equal	JJ
cord-286274-1tb3uha2	244	8	to	to	IN
cord-286274-1tb3uha2	244	9	5	5	CD
cord-286274-1tb3uha2	244	10	(	(	-LRB-
cord-286274-1tb3uha2	244	11	hotels	hotel	NNS
cord-286274-1tb3uha2	244	12	)	)	-RRB-
cord-286274-1tb3uha2	244	13	,	,	,
cord-286274-1tb3uha2	244	14	T	T	NNP
cord-286274-1tb3uha2	244	15	is	be	VBZ
cord-286274-1tb3uha2	244	16	44	44	CD
cord-286274-1tb3uha2	244	17	and	and	CC
cord-286274-1tb3uha2	244	18	kis	kis	NNP
cord-286274-1tb3uha2	244	19	6	6	CD
cord-286274-1tb3uha2	244	20	.	.	.
cord-286274-1tb3uha2	245	1	Consequently	consequently	RB
cord-286274-1tb3uha2	245	2	,	,	,
cord-286274-1tb3uha2	245	3	there	there	EX
cord-286274-1tb3uha2	245	4	are	be	VBP
cord-286274-1tb3uha2	245	5	220	220	CD
cord-286274-1tb3uha2	245	6	sample	sample	NN
cord-286274-1tb3uha2	245	7	observations	observation	NNS
cord-286274-1tb3uha2	245	8	(	(	-LRB-
cord-286274-1tb3uha2	245	9	5	5	CD
cord-286274-1tb3uha2	245	10	hotels	hotel	NNS
cord-286274-1tb3uha2	245	11	times	time	NNS
cord-286274-1tb3uha2	245	12	44	44	CD
cord-286274-1tb3uha2	245	13	quarters	quarter	NNS
cord-286274-1tb3uha2	245	14	)	)	-RRB-
cord-286274-1tb3uha2	245	15	available	available	JJ
cord-286274-1tb3uha2	245	16	for	for	IN
cord-286274-1tb3uha2	245	17	the	the	DT
cord-286274-1tb3uha2	245	18	panel	panel	NN
cord-286274-1tb3uha2	245	19	regression	regression	NN
cord-286274-1tb3uha2	245	20	test	test	NN
cord-286274-1tb3uha2	245	21	.	.	.
cord-286274-1tb3uha2	246	1	We	-PRON-	PRP
cord-286274-1tb3uha2	246	2	also	also	RB
cord-286274-1tb3uha2	246	3	need	need	VBP
cord-286274-1tb3uha2	246	4	to	to	TO
cord-286274-1tb3uha2	246	5	test	test	VB
cord-286274-1tb3uha2	246	6	whether	whether	IN
cord-286274-1tb3uha2	246	7	fixed	fix	VBN
cord-286274-1tb3uha2	246	8	effects	effect	NNS
cord-286274-1tb3uha2	246	9	(	(	-LRB-
cord-286274-1tb3uha2	246	10	i.e.	i.e.	FW
cord-286274-1tb3uha2	246	11	different	different	JJ
cord-286274-1tb3uha2	246	12	constants	constant	NNS
cord-286274-1tb3uha2	246	13	for	for	IN
cord-286274-1tb3uha2	246	14	each	each	DT
cord-286274-1tb3uha2	246	15	group	group	NN
cord-286274-1tb3uha2	246	16	)	)	-RRB-
cord-286274-1tb3uha2	246	17	should	should	MD
cord-286274-1tb3uha2	246	18	be	be	VB
cord-286274-1tb3uha2	246	19	appropriate	appropriate	JJ
cord-286274-1tb3uha2	246	20	in	in	IN
cord-286274-1tb3uha2	246	21	the	the	DT
cord-286274-1tb3uha2	246	22	model	model	NN
cord-286274-1tb3uha2	246	23	before	before	IN
cord-286274-1tb3uha2	246	24	assessing	assess	VBG
cord-286274-1tb3uha2	246	25	the	the	DT
cord-286274-1tb3uha2	246	26	validity	validity	NN
cord-286274-1tb3uha2	246	27	of	of	IN
cord-286274-1tb3uha2	246	28	the	the	DT
cord-286274-1tb3uha2	246	29	fixed	fix	VBN
cord-286274-1tb3uha2	246	30	effects	effect	NNS
cord-286274-1tb3uha2	246	31	method	method	NN
cord-286274-1tb3uha2	246	32	.	.	.
cord-286274-1tb3uha2	247	1	Hence	hence	RB
cord-286274-1tb3uha2	247	2	,	,	,
cord-286274-1tb3uha2	247	3	F	f	NN
cord-286274-1tb3uha2	247	4	-	-	HYPH
cord-286274-1tb3uha2	247	5	test	test	NN
cord-286274-1tb3uha2	247	6	is	be	VBZ
cord-286274-1tb3uha2	247	7	used	use	VBN
cord-286274-1tb3uha2	247	8	to	to	TO
cord-286274-1tb3uha2	247	9	determine	determine	VB
cord-286274-1tb3uha2	247	10	whether	whether	IN
cord-286274-1tb3uha2	247	11	the	the	DT
cord-286274-1tb3uha2	247	12	pooled	pool	VBN
cord-286274-1tb3uha2	247	13	OLS	OLS	NNP
cord-286274-1tb3uha2	247	14	is	be	VBZ
cord-286274-1tb3uha2	247	15	more	more	RBR
cord-286274-1tb3uha2	247	16	appropriate	appropriate	JJ
cord-286274-1tb3uha2	247	17	than	than	IN
cord-286274-1tb3uha2	247	18	the	the	DT
cord-286274-1tb3uha2	247	19	fixed	fix	VBN
cord-286274-1tb3uha2	247	20	effect	effect	NN
cord-286274-1tb3uha2	247	21	model	model	NN
cord-286274-1tb3uha2	247	22	.	.	.
cord-286274-1tb3uha2	248	1	The	the	DT
cord-286274-1tb3uha2	248	2	null	null	JJ
cord-286274-1tb3uha2	248	3	hypothesis	hypothesis	NN
cord-286274-1tb3uha2	248	4	is	be	VBZ
cord-286274-1tb3uha2	248	5	that	that	IN
cord-286274-1tb3uha2	248	6	all	all	PDT
cord-286274-1tb3uha2	248	7	the	the	DT
cord-286274-1tb3uha2	248	8	constants	constant	NNS
cord-286274-1tb3uha2	248	9	(	(	-LRB-
cord-286274-1tb3uha2	248	10	the	the	DT
cord-286274-1tb3uha2	248	11	respective	respective	JJ
cord-286274-1tb3uha2	248	12	intercepts	intercept	NNS
cord-286274-1tb3uha2	248	13	of	of	IN
cord-286274-1tb3uha2	248	14	5	5	CD
cord-286274-1tb3uha2	248	15	hotels	hotel	NNS
cord-286274-1tb3uha2	248	16	)	)	-RRB-
cord-286274-1tb3uha2	248	17	are	be	VBP
cord-286274-1tb3uha2	248	18	the	the	DT
cord-286274-1tb3uha2	248	19	same	same	JJ
cord-286274-1tb3uha2	248	20	,	,	,
cord-286274-1tb3uha2	248	21	and	and	CC
cord-286274-1tb3uha2	248	22	therefore	therefore	RB
cord-286274-1tb3uha2	248	23	the	the	DT
cord-286274-1tb3uha2	248	24	common	common	JJ
cord-286274-1tb3uha2	248	25	constant	constant	JJ
cord-286274-1tb3uha2	248	26	method	method	NN
cord-286274-1tb3uha2	248	27	is	be	VBZ
cord-286274-1tb3uha2	248	28	applicable	applicable	JJ
cord-286274-1tb3uha2	248	29	:	:	:
cord-286274-1tb3uha2	249	1	The	the	DT
cord-286274-1tb3uha2	249	2	F	F	NNP
cord-286274-1tb3uha2	249	3	-	-	HYPH
cord-286274-1tb3uha2	249	4	statistic	statistic	NN
cord-286274-1tb3uha2	249	5	is	be	VBZ
cord-286274-1tb3uha2	249	6	:	:	:
cord-286274-1tb3uha2	249	7	ðnT	ðnt	NN
cord-286274-1tb3uha2	249	8	À	à	NN
cord-286274-1tb3uha2	249	9	n	n	NN
cord-286274-1tb3uha2	249	10	À	à	NN
cord-286274-1tb3uha2	249	11	kÞ	kþ	NN
cord-286274-1tb3uha2	249	12	wFðn	wfðn	RB
cord-286274-1tb3uha2	249	13	À	à	NN
cord-286274-1tb3uha2	249	14	1	1	CD
cord-286274-1tb3uha2	249	15	;	;	:
cord-286274-1tb3uha2	249	16	nT	nt	RB
cord-286274-1tb3uha2	249	17	À	à	NN
cord-286274-1tb3uha2	249	18	n	n	NN
cord-286274-1tb3uha2	249	19	À	à	NN
cord-286274-1tb3uha2	249	20	kÞ	kþ	NN
cord-286274-1tb3uha2	249	21	;	;	:
cord-286274-1tb3uha2	249	22	where	where	WRB
cord-286274-1tb3uha2	249	23	R	r	NN
cord-286274-1tb3uha2	249	24	2	2	CD
cord-286274-1tb3uha2	249	25	FE	FE	NNP
cord-286274-1tb3uha2	249	26	is	be	VBZ
cord-286274-1tb3uha2	249	27	the	the	DT
cord-286274-1tb3uha2	249	28	coefficient	coefficient	NN
cord-286274-1tb3uha2	249	29	of	of	IN
cord-286274-1tb3uha2	249	30	determination	determination	NN
cord-286274-1tb3uha2	249	31	of	of	IN
cord-286274-1tb3uha2	249	32	the	the	DT
cord-286274-1tb3uha2	249	33	fixed	fix	VBN
cord-286274-1tb3uha2	249	34	effects	effect	NNS
cord-286274-1tb3uha2	249	35	model	model	NN
cord-286274-1tb3uha2	249	36	,	,	,
cord-286274-1tb3uha2	249	37	R	r	NN
cord-286274-1tb3uha2	249	38	2	2	CD
cord-286274-1tb3uha2	249	39	CC	CC	NNP
cord-286274-1tb3uha2	249	40	is	be	VBZ
cord-286274-1tb3uha2	249	41	the	the	DT
cord-286274-1tb3uha2	249	42	coefficient	coefficient	NN
cord-286274-1tb3uha2	249	43	of	of	IN
cord-286274-1tb3uha2	249	44	determination	determination	NN
cord-286274-1tb3uha2	249	45	of	of	IN
cord-286274-1tb3uha2	249	46	the	the	DT
cord-286274-1tb3uha2	249	47	common	common	JJ
cord-286274-1tb3uha2	249	48	constant	constant	JJ
cord-286274-1tb3uha2	249	49	model	model	NN
cord-286274-1tb3uha2	249	50	,	,	,
cord-286274-1tb3uha2	249	51	n	n	NNP
cord-286274-1tb3uha2	249	52	represents	represent	VBZ
cord-286274-1tb3uha2	249	53	the	the	DT
cord-286274-1tb3uha2	249	54	number	number	NN
cord-286274-1tb3uha2	249	55	of	of	IN
cord-286274-1tb3uha2	249	56	hotel	hotel	NN
cord-286274-1tb3uha2	249	57	firms	firm	NNS
cord-286274-1tb3uha2	249	58	.	.	.
cord-286274-1tb3uha2	250	1	If	if	IN
cord-286274-1tb3uha2	250	2	F	f	NN
cord-286274-1tb3uha2	250	3	-	-	HYPH
cord-286274-1tb3uha2	250	4	statistic	statistic	NN
cord-286274-1tb3uha2	250	5	is	be	VBZ
cord-286274-1tb3uha2	250	6	larger	large	JJR
cord-286274-1tb3uha2	250	7	than	than	IN
cord-286274-1tb3uha2	250	8	F	F	NNP
cord-286274-1tb3uha2	250	9	-	-	HYPH
cord-286274-1tb3uha2	250	10	test	test	VB
cord-286274-1tb3uha2	250	11	critical	critical	JJ
cord-286274-1tb3uha2	250	12	value	value	NN
cord-286274-1tb3uha2	250	13	,	,	,
cord-286274-1tb3uha2	250	14	we	-PRON-	PRP
cord-286274-1tb3uha2	250	15	then	then	RB
cord-286274-1tb3uha2	250	16	reject	reject	VBP
cord-286274-1tb3uha2	250	17	the	the	DT
cord-286274-1tb3uha2	250	18	null	null	JJ
cord-286274-1tb3uha2	250	19	hypothesis	hypothesis	NN
cord-286274-1tb3uha2	250	20	,	,	,
cord-286274-1tb3uha2	250	21	implying	imply	VBG
cord-286274-1tb3uha2	250	22	that	that	IN
cord-286274-1tb3uha2	250	23	the	the	DT
cord-286274-1tb3uha2	250	24	fixed	fix	VBN
cord-286274-1tb3uha2	250	25	effects	effect	NNS
cord-286274-1tb3uha2	250	26	method	method	NN
cord-286274-1tb3uha2	250	27	is	be	VBZ
cord-286274-1tb3uha2	250	28	more	more	RBR
cord-286274-1tb3uha2	250	29	appropriate	appropriate	JJ
cord-286274-1tb3uha2	250	30	than	than	IN
cord-286274-1tb3uha2	250	31	the	the	DT
cord-286274-1tb3uha2	250	32	pooled	pool	VBN
cord-286274-1tb3uha2	250	33	OLS	OLS	NNP
cord-286274-1tb3uha2	250	34	.	.	.
cord-286274-1tb3uha2	251	1	Results	result	NNS
cord-286274-1tb3uha2	251	2	of	of	IN
cord-286274-1tb3uha2	251	3	the	the	DT
cord-286274-1tb3uha2	251	4	F	F	NNP
cord-286274-1tb3uha2	251	5	-	-	HYPH
cord-286274-1tb3uha2	251	6	test	test	NN
cord-286274-1tb3uha2	251	7	in	in	IN
cord-286274-1tb3uha2	251	8	Table	Table	NNP
cord-286274-1tb3uha2	251	9	3	3	CD
cord-286274-1tb3uha2	251	10	(	(	-LRB-
cord-286274-1tb3uha2	251	11	DTA	DTA	NNP
cord-286274-1tb3uha2	251	12	¼	¼	NNP
cord-286274-1tb3uha2	251	13	growth	growth	NN
cord-286274-1tb3uha2	251	14	rate	rate	NN
cord-286274-1tb3uha2	251	15	of	of	IN
cord-286274-1tb3uha2	251	16	total	total	JJ
cord-286274-1tb3uha2	251	17	foreign	foreign	JJ
cord-286274-1tb3uha2	251	18	tourist	tourist	NN
cord-286274-1tb3uha2	251	19	arrivals	arrival	NNS
cord-286274-1tb3uha2	251	20	;	;	.
cord-286274-1tb3uha2	252	1	SIZE	size	NN
cord-286274-1tb3uha2	252	2	¼	¼	NNP
cord-286274-1tb3uha2	252	3	the	the	DT
cord-286274-1tb3uha2	252	4	natural	natural	JJ
cord-286274-1tb3uha2	252	5	logarithm	logarithm	NN
cord-286274-1tb3uha2	252	6	of	of	IN
cord-286274-1tb3uha2	252	7	the	the	DT
cord-286274-1tb3uha2	252	8	average	average	JJ
cord-286274-1tb3uha2	252	9	total	total	JJ
cord-286274-1tb3uha2	252	10	assets	asset	NNS
cord-286274-1tb3uha2	252	11	.	.	.
cord-286274-1tb3uha2	253	1	*	*	NFP
cord-286274-1tb3uha2	253	2	Significance	significance	NN
cord-286274-1tb3uha2	253	3	at	at	IN
cord-286274-1tb3uha2	253	4	the	the	DT
cord-286274-1tb3uha2	253	5	10	10	CD
cord-286274-1tb3uha2	253	6	%	%	NN
cord-286274-1tb3uha2	253	7	level	level	NN
cord-286274-1tb3uha2	253	8	.	.	.
cord-286274-1tb3uha2	254	1	*	*	NFP
cord-286274-1tb3uha2	255	1	*	*	NFP
cord-286274-1tb3uha2	255	2	Significance	significance	NN
cord-286274-1tb3uha2	255	3	at	at	IN
cord-286274-1tb3uha2	255	4	the	the	DT
cord-286274-1tb3uha2	255	5	5	5	CD
cord-286274-1tb3uha2	255	6	%	%	NN
cord-286274-1tb3uha2	255	7	level	level	NN
cord-286274-1tb3uha2	255	8	.	.	.
cord-286274-1tb3uha2	256	1	*	*	NFP
cord-286274-1tb3uha2	256	2	*	*	NFP
cord-286274-1tb3uha2	256	3	*	*	NFP
cord-286274-1tb3uha2	256	4	Significance	significance	NN
cord-286274-1tb3uha2	256	5	at	at	IN
cord-286274-1tb3uha2	256	6	the	the	DT
cord-286274-1tb3uha2	256	7	1	1	CD
cord-286274-1tb3uha2	256	8	%	%	NN
cord-286274-1tb3uha2	256	9	level	level	NN
cord-286274-1tb3uha2	256	10	.	.	.
cord-286274-1tb3uha2	257	1	The	the	DT
cord-286274-1tb3uha2	257	2	random	random	JJ
cord-286274-1tb3uha2	257	3	effects	effect	NNS
cord-286274-1tb3uha2	257	4	model	model	NN
cord-286274-1tb3uha2	257	5	suggests	suggest	VBZ
cord-286274-1tb3uha2	257	6	that	that	IN
cord-286274-1tb3uha2	257	7	the	the	DT
cord-286274-1tb3uha2	257	8	intercepts	intercept	NNS
cord-286274-1tb3uha2	257	9	a	a	DT
cord-286274-1tb3uha2	257	10	of	of	IN
cord-286274-1tb3uha2	257	11	different	different	JJ
cord-286274-1tb3uha2	257	12	hotels	hotel	NNS
cord-286274-1tb3uha2	257	13	are	be	VBP
cord-286274-1tb3uha2	257	14	random	random	JJ
cord-286274-1tb3uha2	257	15	and	and	CC
cord-286274-1tb3uha2	257	16	independently	independently	RB
cord-286274-1tb3uha2	257	17	drawn	draw	VBN
cord-286274-1tb3uha2	257	18	from	from	IN
cord-286274-1tb3uha2	257	19	population	population	NN
cord-286274-1tb3uha2	257	20	.	.	.
cord-286274-1tb3uha2	258	1	Random	random	JJ
cord-286274-1tb3uha2	258	2	effects	effect	NNS
cord-286274-1tb3uha2	258	3	model	model	NN
cord-286274-1tb3uha2	258	4	focuses	focus	VBZ
cord-286274-1tb3uha2	258	5	on	on	IN
cord-286274-1tb3uha2	258	6	arbitrary	arbitrary	JJ
cord-286274-1tb3uha2	258	7	individuals	individual	NNS
cord-286274-1tb3uha2	258	8	that	that	WDT
cord-286274-1tb3uha2	258	9	have	have	VBP
cord-286274-1tb3uha2	258	10	certain	certain	JJ
cord-286274-1tb3uha2	258	11	characteristics	characteristic	NNS
cord-286274-1tb3uha2	258	12	and	and	CC
cord-286274-1tb3uha2	258	13	allows	allow	VBZ
cord-286274-1tb3uha2	258	14	us	-PRON-	PRP
cord-286274-1tb3uha2	258	15	to	to	TO
cord-286274-1tb3uha2	258	16	make	make	VB
cord-286274-1tb3uha2	258	17	inference	inference	NN
cord-286274-1tb3uha2	258	18	with	with	IN
cord-286274-1tb3uha2	258	19	respect	respect	NN
cord-286274-1tb3uha2	258	20	to	to	IN
cord-286274-1tb3uha2	258	21	the	the	DT
cord-286274-1tb3uha2	258	22	population	population	NN
cord-286274-1tb3uha2	258	23	characteristics	characteristic	NNS
cord-286274-1tb3uha2	258	24	.	.	.
cord-286274-1tb3uha2	259	1	Based	base	VBN
cord-286274-1tb3uha2	259	2	on	on	IN
cord-286274-1tb3uha2	259	3	the	the	DT
cord-286274-1tb3uha2	259	4	random	random	JJ
cord-286274-1tb3uha2	259	5	effects	effect	NNS
cord-286274-1tb3uha2	259	6	model	model	NN
cord-286274-1tb3uha2	259	7	,	,	,
cord-286274-1tb3uha2	259	8	the	the	DT
cord-286274-1tb3uha2	259	9	matrix	matrix	NN
cord-286274-1tb3uha2	259	10	notation	notation	NN
cord-286274-1tb3uha2	259	11	can	can	MD
cord-286274-1tb3uha2	259	12	be	be	VB
cord-286274-1tb3uha2	259	13	written	write	VBN
cord-286274-1tb3uha2	259	14	as	as	IN
cord-286274-1tb3uha2	259	15	:	:	:
cord-286274-1tb3uha2	260	1	where	where	WRB
cord-286274-1tb3uha2	260	2	a	a	DT
cord-286274-1tb3uha2	260	3	is	be	VBZ
cord-286274-1tb3uha2	260	4	the	the	DT
cord-286274-1tb3uha2	260	5	random	random	JJ
cord-286274-1tb3uha2	260	6	intercept	intercept	NN
cord-286274-1tb3uha2	260	7	,	,	,
cord-286274-1tb3uha2	260	8	m	m	NNP
cord-286274-1tb3uha2	260	9	is	be	VBZ
cord-286274-1tb3uha2	260	10	the	the	DT
cord-286274-1tb3uha2	260	11	error	error	NN
cord-286274-1tb3uha2	260	12	term	term	NN
cord-286274-1tb3uha2	260	13	of	of	IN
cord-286274-1tb3uha2	260	14	the	the	DT
cord-286274-1tb3uha2	260	15	random	random	JJ
cord-286274-1tb3uha2	260	16	intercept	intercept	NN
cord-286274-1tb3uha2	260	17	,	,	,
cord-286274-1tb3uha2	260	18	mwiidð0	mwiidð0	NN
cord-286274-1tb3uha2	260	19	;	;	:
cord-286274-1tb3uha2	260	20	s	s	NN
cord-286274-1tb3uha2	260	21	2	2	CD
cord-286274-1tb3uha2	260	22	m	m	NN
cord-286274-1tb3uha2	260	23	Þ.	þ.	NN
cord-286274-1tb3uha2	261	1	The	the	DT
cord-286274-1tb3uha2	261	2	Hausman	Hausman	NNP
cord-286274-1tb3uha2	261	3	test	test	NN
cord-286274-1tb3uha2	261	4	is	be	VBZ
cord-286274-1tb3uha2	261	5	used	use	VBN
cord-286274-1tb3uha2	261	6	to	to	TO
cord-286274-1tb3uha2	261	7	determine	determine	VB
cord-286274-1tb3uha2	261	8	if	if	IN
cord-286274-1tb3uha2	261	9	the	the	DT
cord-286274-1tb3uha2	261	10	fixed	fixed	JJ
cord-286274-1tb3uha2	261	11	or	or	CC
cord-286274-1tb3uha2	261	12	random	random	JJ
cord-286274-1tb3uha2	261	13	effects	effect	NNS
cord-286274-1tb3uha2	261	14	should	should	MD
cord-286274-1tb3uha2	261	15	be	be	VB
cord-286274-1tb3uha2	261	16	considered	consider	VBN
cord-286274-1tb3uha2	261	17	.	.	.
cord-286274-1tb3uha2	262	1	The	the	DT
cord-286274-1tb3uha2	262	2	null	null	JJ
cord-286274-1tb3uha2	262	3	hypothesis	hypothesis	NN
cord-286274-1tb3uha2	262	4	is	be	VBZ
cord-286274-1tb3uha2	262	5	that	that	IN
cord-286274-1tb3uha2	262	6	m	m	NNP
cord-286274-1tb3uha2	262	7	and	and	CC
cord-286274-1tb3uha2	262	8	X	X	NNP
cord-286274-1tb3uha2	262	9	are	be	VBP
cord-286274-1tb3uha2	262	10	uncorrelated	uncorrelated	JJ
cord-286274-1tb3uha2	262	11	and	and	CC
cord-286274-1tb3uha2	262	12	thus	thus	RB
cord-286274-1tb3uha2	262	13	random	random	JJ
cord-286274-1tb3uha2	262	14	effects	effect	NNS
cord-286274-1tb3uha2	262	15	are	be	VBP
cord-286274-1tb3uha2	262	16	consistent	consistent	JJ
cord-286274-1tb3uha2	262	17	and	and	CC
cord-286274-1tb3uha2	262	18	efficient	efficient	JJ
cord-286274-1tb3uha2	262	19	(	(	-LRB-
cord-286274-1tb3uha2	262	20	Dimitrios	Dimitrios	NNP
cord-286274-1tb3uha2	262	21	,	,	,
cord-286274-1tb3uha2	262	22	2005	2005	CD
cord-286274-1tb3uha2	262	23	;	;	:
cord-286274-1tb3uha2	262	24	Maddala	Maddala	NNP
cord-286274-1tb3uha2	262	25	,	,	,
cord-286274-1tb3uha2	262	26	2001	2001	CD
cord-286274-1tb3uha2	262	27	)	)	-RRB-
cord-286274-1tb3uha2	262	28	:	:	:
cord-286274-1tb3uha2	262	29	The	the	DT
cord-286274-1tb3uha2	262	30	test	test	NN
cord-286274-1tb3uha2	262	31	statistic	statistic	NN
cord-286274-1tb3uha2	262	32	is	be	VBZ
cord-286274-1tb3uha2	262	33	:	:	:
cord-286274-1tb3uha2	262	34	where	where	WRB
cord-286274-1tb3uha2	262	35	b	b	NN
cord-286274-1tb3uha2	262	36	h	h	NN
cord-286274-1tb3uha2	262	37	FE	FE	NNP
cord-286274-1tb3uha2	262	38	is	be	VBZ
cord-286274-1tb3uha2	262	39	the	the	DT
cord-286274-1tb3uha2	262	40	estimator	estimator	NN
cord-286274-1tb3uha2	262	41	of	of	IN
cord-286274-1tb3uha2	262	42	the	the	DT
cord-286274-1tb3uha2	262	43	fixed	fix	VBN
cord-286274-1tb3uha2	262	44	effects	effect	NNS
cord-286274-1tb3uha2	262	45	model	model	NN
cord-286274-1tb3uha2	262	46	,	,	,
cord-286274-1tb3uha2	262	47	b	b	FW
cord-286274-1tb3uha2	262	48	h	h	NN
cord-286274-1tb3uha2	262	49	RE	RE	NNP
cord-286274-1tb3uha2	262	50	is	be	VBZ
cord-286274-1tb3uha2	262	51	the	the	DT
cord-286274-1tb3uha2	262	52	estimator	estimator	NN
cord-286274-1tb3uha2	262	53	of	of	IN
cord-286274-1tb3uha2	262	54	the	the	DT
cord-286274-1tb3uha2	262	55	random	random	JJ
cord-286274-1tb3uha2	262	56	effects	effect	NNS
cord-286274-1tb3uha2	262	57	model	model	NN
cord-286274-1tb3uha2	262	58	.	.	.
cord-286274-1tb3uha2	263	1	If	if	IN
cord-286274-1tb3uha2	263	2	the	the	DT
cord-286274-1tb3uha2	263	3	test	test	NN
cord-286274-1tb3uha2	263	4	statistic	statistic	NN
cord-286274-1tb3uha2	263	5	is	be	VBZ
cord-286274-1tb3uha2	263	6	large	large	JJ
cord-286274-1tb3uha2	263	7	(	(	-LRB-
cord-286274-1tb3uha2	263	8	i.e.	i.e.	FW
cord-286274-1tb3uha2	263	9	the	the	DT
cord-286274-1tb3uha2	263	10	difference	difference	NN
cord-286274-1tb3uha2	263	11	between	between	IN
cord-286274-1tb3uha2	263	12	the	the	DT
cord-286274-1tb3uha2	263	13	two	two	CD
cord-286274-1tb3uha2	263	14	estimators	estimator	NNS
cord-286274-1tb3uha2	263	15	is	be	VBZ
cord-286274-1tb3uha2	263	16	significant	significant	JJ
cord-286274-1tb3uha2	263	17	)	)	-RRB-
cord-286274-1tb3uha2	263	18	,	,	,
cord-286274-1tb3uha2	263	19	we	-PRON-	PRP
cord-286274-1tb3uha2	263	20	can	can	MD
cord-286274-1tb3uha2	263	21	reject	reject	VB
cord-286274-1tb3uha2	263	22	the	the	DT
cord-286274-1tb3uha2	263	23	null	null	JJ
cord-286274-1tb3uha2	263	24	hypothesis	hypothesis	NN
cord-286274-1tb3uha2	263	25	that	that	IN
cord-286274-1tb3uha2	263	26	the	the	DT
cord-286274-1tb3uha2	263	27	random	random	JJ
cord-286274-1tb3uha2	263	28	effects	effect	NNS
cord-286274-1tb3uha2	263	29	model	model	NN
cord-286274-1tb3uha2	263	30	is	be	VBZ
cord-286274-1tb3uha2	263	31	consistent	consistent	JJ
cord-286274-1tb3uha2	263	32	,	,	,
cord-286274-1tb3uha2	263	33	suggesting	suggest	VBG
cord-286274-1tb3uha2	263	34	that	that	IN
cord-286274-1tb3uha2	263	35	the	the	DT
cord-286274-1tb3uha2	263	36	fixed	fix	VBN
cord-286274-1tb3uha2	263	37	effects	effect	NNS
cord-286274-1tb3uha2	263	38	model	model	NN
cord-286274-1tb3uha2	263	39	is	be	VBZ
cord-286274-1tb3uha2	263	40	more	more	RBR
cord-286274-1tb3uha2	263	41	appropriate	appropriate	JJ
cord-286274-1tb3uha2	263	42	.	.	.
cord-286274-1tb3uha2	264	1	The	the	DT
cord-286274-1tb3uha2	264	2	Hausman	Hausman	NNP
cord-286274-1tb3uha2	264	3	(	(	-LRB-
cord-286274-1tb3uha2	264	4	1978	1978	CD
cord-286274-1tb3uha2	264	5	)	)	-RRB-
cord-286274-1tb3uha2	264	6	test	test	NN
cord-286274-1tb3uha2	264	7	results	result	NNS
cord-286274-1tb3uha2	264	8	(	(	-LRB-
cord-286274-1tb3uha2	264	9	see	see	VB
cord-286274-1tb3uha2	264	10	panel	panel	NN
cord-286274-1tb3uha2	264	11	B	B	NNP
cord-286274-1tb3uha2	264	12	in	in	IN
cord-286274-1tb3uha2	264	13	Table	Table	NNP
cord-286274-1tb3uha2	264	14	3	3	CD
cord-286274-1tb3uha2	264	15	)	)	-RRB-
cord-286274-1tb3uha2	264	16	illustrate	illustrate	VBP
cord-286274-1tb3uha2	264	17	that	that	IN
cord-286274-1tb3uha2	264	18	panel	panel	NN
cord-286274-1tb3uha2	264	19	regressions	regression	NNS
cord-286274-1tb3uha2	264	20	based	base	VBN
cord-286274-1tb3uha2	264	21	on	on	IN
cord-286274-1tb3uha2	264	22	Eqs	Eqs	NNP
cord-286274-1tb3uha2	264	23	.	.	.
cord-286274-1tb3uha2	265	1	12	12	CD
cord-286274-1tb3uha2	265	2	-	-	SYM
cord-286274-1tb3uha2	265	3	14	14	CD
cord-286274-1tb3uha2	265	4	,	,	,
cord-286274-1tb3uha2	265	5	and	and	CC
cord-286274-1tb3uha2	265	6	16	16	CD
cord-286274-1tb3uha2	265	7	are	be	VBP
cord-286274-1tb3uha2	265	8	significant	significant	JJ
cord-286274-1tb3uha2	265	9	at	at	IN
cord-286274-1tb3uha2	265	10	the	the	DT
cord-286274-1tb3uha2	265	11	1	1	CD
cord-286274-1tb3uha2	265	12	%	%	NN
cord-286274-1tb3uha2	265	13	level	level	NN
cord-286274-1tb3uha2	265	14	.	.	.
cord-286274-1tb3uha2	266	1	Hence	hence	RB
cord-286274-1tb3uha2	266	2	,	,	,
cord-286274-1tb3uha2	266	3	the	the	DT
cord-286274-1tb3uha2	266	4	fixed	fix	VBN
cord-286274-1tb3uha2	266	5	effects	effect	NNS
cord-286274-1tb3uha2	266	6	model	model	NN
cord-286274-1tb3uha2	266	7	is	be	VBZ
cord-286274-1tb3uha2	266	8	used	use	VBN
cord-286274-1tb3uha2	266	9	to	to	TO
cord-286274-1tb3uha2	266	10	perform	perform	VB
cord-286274-1tb3uha2	266	11	panel	panel	NN
cord-286274-1tb3uha2	266	12	regressions	regression	NNS
cord-286274-1tb3uha2	266	13	for	for	IN
cord-286274-1tb3uha2	266	14	Eqs	Eqs	NNP
cord-286274-1tb3uha2	266	15	.	.	.
cord-286274-1tb3uha2	267	1	12	12	CD
cord-286274-1tb3uha2	267	2	-	-	SYM
cord-286274-1tb3uha2	267	3	14	14	CD
cord-286274-1tb3uha2	267	4	and	and	CC
cord-286274-1tb3uha2	267	5	16	16	CD
cord-286274-1tb3uha2	267	6	.	.	.
cord-286274-1tb3uha2	268	1	Empirical	empirical	JJ
cord-286274-1tb3uha2	268	2	results	result	NNS
cord-286274-1tb3uha2	268	3	of	of	IN
cord-286274-1tb3uha2	268	4	panel	panel	NN
cord-286274-1tb3uha2	268	5	regression	regression	NN
cord-286274-1tb3uha2	268	6	tests	test	NNS
cord-286274-1tb3uha2	268	7	based	base	VBN
cord-286274-1tb3uha2	268	8	on	on	IN
cord-286274-1tb3uha2	268	9	Eqs	Eqs	NNP
cord-286274-1tb3uha2	268	10	.	.	.
cord-286274-1tb3uha2	269	1	12	12	CD
cord-286274-1tb3uha2	269	2	-	-	SYM
cord-286274-1tb3uha2	269	3	16	16	CD
cord-286274-1tb3uha2	269	4	are	be	VBP
cord-286274-1tb3uha2	269	5	summarized	summarize	VBN
cord-286274-1tb3uha2	269	6	in	in	IN
cord-286274-1tb3uha2	269	7	Tables	Tables	NNPS
cord-286274-1tb3uha2	269	8	4	4	CD
cord-286274-1tb3uha2	269	9	-	-	SYM
cord-286274-1tb3uha2	269	10	8	8	CD
cord-286274-1tb3uha2	269	11	,	,	,
cord-286274-1tb3uha2	269	12	respectively	respectively	RB
cord-286274-1tb3uha2	269	13	.	.	.
cord-286274-1tb3uha2	270	1	Panel	panel	NN
cord-286274-1tb3uha2	270	2	regression	regression	NN
cord-286274-1tb3uha2	270	3	test	test	NN
cord-286274-1tb3uha2	270	4	results	result	NNS
cord-286274-1tb3uha2	270	5	in	in	IN
cord-286274-1tb3uha2	270	6	Table	Table	NNP
cord-286274-1tb3uha2	270	7	4	4	CD
cord-286274-1tb3uha2	270	8	show	show	VBP
cord-286274-1tb3uha2	270	9	that	that	IN
cord-286274-1tb3uha2	270	10	coefficients	coefficient	NNS
cord-286274-1tb3uha2	270	11	of	of	IN
cord-286274-1tb3uha2	270	12	DGDP	DGDP	NNP
cord-286274-1tb3uha2	270	13	and	and	CC
cord-286274-1tb3uha2	270	14	DTA	DTA	NNP
cord-286274-1tb3uha2	270	15	are	be	VBP
cord-286274-1tb3uha2	270	16	positive	positive	JJ
cord-286274-1tb3uha2	270	17	and	and	CC
cord-286274-1tb3uha2	270	18	statistically	statistically	RB
cord-286274-1tb3uha2	270	19	significant	significant	JJ
cord-286274-1tb3uha2	270	20	at	at	IN
cord-286274-1tb3uha2	270	21	the	the	DT
cord-286274-1tb3uha2	270	22	10	10	CD
cord-286274-1tb3uha2	270	23	%	%	NN
cord-286274-1tb3uha2	270	24	and	and	CC
cord-286274-1tb3uha2	270	25	5	5	CD
cord-286274-1tb3uha2	270	26	%	%	NN
cord-286274-1tb3uha2	270	27	level	level	NN
cord-286274-1tb3uha2	270	28	respectively	respectively	RB
cord-286274-1tb3uha2	270	29	,	,	,
cord-286274-1tb3uha2	270	30	implying	imply	VBG
cord-286274-1tb3uha2	270	31	that	that	IN
cord-286274-1tb3uha2	270	32	DGDP	DGDP	NNP
cord-286274-1tb3uha2	270	33	and	and	CC
cord-286274-1tb3uha2	270	34	DTA	DTA	NNP
cord-286274-1tb3uha2	270	35	have	have	VBP
cord-286274-1tb3uha2	270	36	a	a	DT
cord-286274-1tb3uha2	270	37	significant	significant	JJ
cord-286274-1tb3uha2	270	38	impact	impact	NN
cord-286274-1tb3uha2	270	39	on	on	IN
cord-286274-1tb3uha2	270	40	OPR	OPR	NNP
cord-286274-1tb3uha2	270	41	.	.	.
cord-286274-1tb3uha2	271	1	This	this	DT
cord-286274-1tb3uha2	271	2	is	be	VBZ
cord-286274-1tb3uha2	271	3	consistent	consistent	JJ
cord-286274-1tb3uha2	271	4	with	with	IN
cord-286274-1tb3uha2	271	5	the	the	DT
cord-286274-1tb3uha2	271	6	correlation	correlation	NN
cord-286274-1tb3uha2	271	7	coefficient	coefficient	NN
cord-286274-1tb3uha2	271	8	values	value	NNS
cord-286274-1tb3uha2	271	9	reported	report	VBN
cord-286274-1tb3uha2	271	10	in	in	IN
cord-286274-1tb3uha2	271	11	Table	Table	NNP
cord-286274-1tb3uha2	271	12	1	1	CD
cord-286274-1tb3uha2	271	13	that	that	IN
cord-286274-1tb3uha2	271	14	OPR	OPR	NNP
cord-286274-1tb3uha2	271	15	is	be	VBZ
cord-286274-1tb3uha2	271	16	highly	highly	RB
cord-286274-1tb3uha2	271	17	correlated	correlate	VBN
cord-286274-1tb3uha2	271	18	with	with	IN
cord-286274-1tb3uha2	271	19	DGDP	DGDP	NNP
cord-286274-1tb3uha2	271	20	and	and	CC
cord-286274-1tb3uha2	271	21	DTA	DTA	NNP
cord-286274-1tb3uha2	271	22	.	.	.
cord-286274-1tb3uha2	272	1	The	the	DT
cord-286274-1tb3uha2	272	2	explanatory	explanatory	JJ
cord-286274-1tb3uha2	272	3	power	power	NN
cord-286274-1tb3uha2	272	4	(	(	-LRB-
cord-286274-1tb3uha2	272	5	adjusted	adjust	VBN
cord-286274-1tb3uha2	272	6	R	r	NN
cord-286274-1tb3uha2	272	7	2	2	CD
cord-286274-1tb3uha2	272	8	value	value	NN
cord-286274-1tb3uha2	272	9	)	)	-RRB-
cord-286274-1tb3uha2	272	10	of	of	IN
cord-286274-1tb3uha2	272	11	DGDP	DGDP	NNP
cord-286274-1tb3uha2	272	12	and	and	CC
cord-286274-1tb3uha2	272	13	DTA	DTA	NNP
cord-286274-1tb3uha2	272	14	on	on	IN
cord-286274-1tb3uha2	272	15	OPR	OPR	NNP
cord-286274-1tb3uha2	272	16	is	be	VBZ
cord-286274-1tb3uha2	272	17	relatively	relatively	RB
cord-286274-1tb3uha2	272	18	high	high	JJ
cord-286274-1tb3uha2	272	19	at	at	IN
cord-286274-1tb3uha2	272	20	about	about	IN
cord-286274-1tb3uha2	272	21	45	45	CD
cord-286274-1tb3uha2	272	22	%	%	NN
cord-286274-1tb3uha2	272	23	(	(	-LRB-
cord-286274-1tb3uha2	272	24	see	see	VB
cord-286274-1tb3uha2	272	25	panel	panel	NN
cord-286274-1tb3uha2	272	26	B	B	NNP
cord-286274-1tb3uha2	272	27	)	)	-RRB-
cord-286274-1tb3uha2	272	28	and	and	CC
cord-286274-1tb3uha2	272	29	53	53	CD
cord-286274-1tb3uha2	272	30	%	%	NN
cord-286274-1tb3uha2	272	31	(	(	-LRB-
cord-286274-1tb3uha2	272	32	see	see	VB
cord-286274-1tb3uha2	272	33	panel	panel	NN
cord-286274-1tb3uha2	272	34	C	C	NNP
cord-286274-1tb3uha2	272	35	)	)	-RRB-
cord-286274-1tb3uha2	272	36	,	,	,
cord-286274-1tb3uha2	272	37	respectively	respectively	RB
cord-286274-1tb3uha2	272	38	.	.	.
cord-286274-1tb3uha2	273	1	These	these	DT
cord-286274-1tb3uha2	273	2	results	result	NNS
cord-286274-1tb3uha2	273	3	indicate	indicate	VBP
cord-286274-1tb3uha2	273	4	that	that	IN
cord-286274-1tb3uha2	273	5	DGDP	DGDP	NNP
cord-286274-1tb3uha2	273	6	and	and	CC
cord-286274-1tb3uha2	273	7	DTA	DTA	NNP
cord-286274-1tb3uha2	273	8	are	be	VBP
cord-286274-1tb3uha2	273	9	strong	strong	JJ
cord-286274-1tb3uha2	273	10	explanatory	explanatory	JJ
cord-286274-1tb3uha2	273	11	factors	factor	NNS
cord-286274-1tb3uha2	273	12	of	of	IN
cord-286274-1tb3uha2	273	13	OPR	OPR	NNP
cord-286274-1tb3uha2	273	14	.	.	.
cord-286274-1tb3uha2	274	1	The	the	DT
cord-286274-1tb3uha2	274	2	link	link	NN
cord-286274-1tb3uha2	274	3	between	between	IN
cord-286274-1tb3uha2	274	4	OPR	opr	NN
cord-286274-1tb3uha2	274	5	and	and	CC
cord-286274-1tb3uha2	274	6	SIZE	size	NN
cord-286274-1tb3uha2	274	7	is	be	VBZ
cord-286274-1tb3uha2	274	8	found	find	VBN
cord-286274-1tb3uha2	274	9	to	to	TO
cord-286274-1tb3uha2	274	10	be	be	VB
cord-286274-1tb3uha2	274	11	significantly	significantly	RB
cord-286274-1tb3uha2	274	12	positive	positive	JJ
cord-286274-1tb3uha2	274	13	,	,	,
cord-286274-1tb3uha2	274	14	suggesting	suggest	VBG
cord-286274-1tb3uha2	274	15	that	that	IN
cord-286274-1tb3uha2	274	16	tourist	tourist	NN
cord-286274-1tb3uha2	274	17	hotels	hotel	NNS
cord-286274-1tb3uha2	274	18	with	with	IN
cord-286274-1tb3uha2	274	19	larger	large	JJR
cord-286274-1tb3uha2	274	20	size	size	NN
cord-286274-1tb3uha2	274	21	enjoy	enjoy	VB
cord-286274-1tb3uha2	274	22	higher	high	JJR
cord-286274-1tb3uha2	274	23	occupancy	occupancy	NN
cord-286274-1tb3uha2	274	24	rate	rate	NN
cord-286274-1tb3uha2	274	25	.	.	.
cord-286274-1tb3uha2	275	1	It	-PRON-	PRP
cord-286274-1tb3uha2	275	2	is	be	VBZ
cord-286274-1tb3uha2	275	3	also	also	RB
cord-286274-1tb3uha2	275	4	found	find	VBN
cord-286274-1tb3uha2	275	5	that	that	IN
cord-286274-1tb3uha2	275	6	the	the	DT
cord-286274-1tb3uha2	275	7	negative	negative	JJ
cord-286274-1tb3uha2	275	8	coefficients	coefficient	NNS
cord-286274-1tb3uha2	275	9	of	of	IN
cord-286274-1tb3uha2	275	10	the	the	DT
cord-286274-1tb3uha2	275	11	dummy	dummy	JJ
cord-286274-1tb3uha2	275	12	variables	variable	NNS
cord-286274-1tb3uha2	275	13	of	of	IN
cord-286274-1tb3uha2	275	14	D911	D911	NNP
cord-286274-1tb3uha2	275	15	and	and	CC
cord-286274-1tb3uha2	275	16	DSARS	DSARS	NNP
cord-286274-1tb3uha2	275	17	are	be	VBP
cord-286274-1tb3uha2	275	18	statistically	statistically	RB
cord-286274-1tb3uha2	275	19	significant	significant	JJ
cord-286274-1tb3uha2	275	20	at	at	IN
cord-286274-1tb3uha2	275	21	the	the	DT
cord-286274-1tb3uha2	275	22	1	1	CD
cord-286274-1tb3uha2	275	23	%	%	NN
cord-286274-1tb3uha2	275	24	level	level	NN
cord-286274-1tb3uha2	275	25	.	.	.
cord-286274-1tb3uha2	276	1	Tables	table	NNS
cord-286274-1tb3uha2	276	2	5	5	CD
cord-286274-1tb3uha2	276	3	and	and	CC
cord-286274-1tb3uha2	276	4	6	6	CD
cord-286274-1tb3uha2	276	5	,	,	,
cord-286274-1tb3uha2	276	6	has	have	VBZ
cord-286274-1tb3uha2	276	7	a	a	DT
cord-286274-1tb3uha2	276	8	positive	positive	JJ
cord-286274-1tb3uha2	276	9	impact	impact	NN
cord-286274-1tb3uha2	276	10	on	on	IN
cord-286274-1tb3uha2	276	11	ROA	ROA	NNP
cord-286274-1tb3uha2	276	12	and	and	CC
cord-286274-1tb3uha2	276	13	ROE	ROE	NNP
cord-286274-1tb3uha2	276	14	and	and	CC
cord-286274-1tb3uha2	276	15	its	-PRON-	PRP$
cord-286274-1tb3uha2	276	16	effect	effect	NN
cord-286274-1tb3uha2	276	17	(	(	-LRB-
cord-286274-1tb3uha2	276	18	the	the	DT
cord-286274-1tb3uha2	276	19	coefficient	coefficient	NN
cord-286274-1tb3uha2	276	20	of	of	IN
cord-286274-1tb3uha2	276	21	DTA	DTA	NNP
cord-286274-1tb3uha2	276	22	)	)	-RRB-
cord-286274-1tb3uha2	276	23	is	be	VBZ
cord-286274-1tb3uha2	276	24	statistically	statistically	RB
cord-286274-1tb3uha2	276	25	significant	significant	JJ
cord-286274-1tb3uha2	276	26	at	at	IN
cord-286274-1tb3uha2	276	27	the	the	DT
cord-286274-1tb3uha2	276	28	5	5	CD
cord-286274-1tb3uha2	276	29	%	%	NN
cord-286274-1tb3uha2	276	30	level	level	NN
cord-286274-1tb3uha2	276	31	.	.	.
cord-286274-1tb3uha2	277	1	This	this	DT
cord-286274-1tb3uha2	277	2	supports	support	VBZ
cord-286274-1tb3uha2	277	3	the	the	DT
cord-286274-1tb3uha2	277	4	correlation	correlation	NN
cord-286274-1tb3uha2	277	5	coefficient	coefficient	NN
cord-286274-1tb3uha2	277	6	values	value	NNS
cord-286274-1tb3uha2	277	7	in	in	IN
cord-286274-1tb3uha2	277	8	Table	table	NN
cord-286274-1tb3uha2	277	9	1	1	CD
cord-286274-1tb3uha2	277	10	that	that	WDT
cord-286274-1tb3uha2	277	11	both	both	CC
cord-286274-1tb3uha2	277	12	ROA	ROA	NNP
cord-286274-1tb3uha2	277	13	and	and	CC
cord-286274-1tb3uha2	277	14	ROE	ROE	NNP
cord-286274-1tb3uha2	277	15	are	be	VBP
cord-286274-1tb3uha2	277	16	correlated	correlate	VBN
cord-286274-1tb3uha2	277	17	with	with	IN
cord-286274-1tb3uha2	277	18	DTA	DTA	NNP
cord-286274-1tb3uha2	277	19	.	.	.
cord-286274-1tb3uha2	278	1	The	the	DT
cord-286274-1tb3uha2	278	2	overall	overall	JJ
cord-286274-1tb3uha2	278	3	explanatory	explanatory	JJ
cord-286274-1tb3uha2	278	4	power	power	NN
cord-286274-1tb3uha2	278	5	of	of	IN
cord-286274-1tb3uha2	278	6	DTA	DTA	NNP
cord-286274-1tb3uha2	278	7	on	on	IN
cord-286274-1tb3uha2	278	8	ROA	ROA	NNP
cord-286274-1tb3uha2	278	9	and	and	CC
cord-286274-1tb3uha2	278	10	ROE	ROE	NNP
cord-286274-1tb3uha2	278	11	is	be	VBZ
cord-286274-1tb3uha2	278	12	also	also	RB
cord-286274-1tb3uha2	278	13	high	high	JJ
cord-286274-1tb3uha2	278	14	at	at	IN
cord-286274-1tb3uha2	278	15	about	about	IN
cord-286274-1tb3uha2	278	16	48	48	CD
cord-286274-1tb3uha2	278	17	%	%	NN
cord-286274-1tb3uha2	278	18	and	and	CC
cord-286274-1tb3uha2	278	19	45	45	CD
cord-286274-1tb3uha2	278	20	%	%	NN
cord-286274-1tb3uha2	278	21	(	(	-LRB-
cord-286274-1tb3uha2	278	22	see	see	VB
cord-286274-1tb3uha2	278	23	panel	panel	NN
cord-286274-1tb3uha2	278	24	B	B	NNP
cord-286274-1tb3uha2	278	25	in	in	IN
cord-286274-1tb3uha2	278	26	both	both	DT
cord-286274-1tb3uha2	278	27	tables	table	NNS
cord-286274-1tb3uha2	278	28	)	)	-RRB-
cord-286274-1tb3uha2	278	29	,	,	,
cord-286274-1tb3uha2	278	30	respectively	respectively	RB
cord-286274-1tb3uha2	278	31	.	.	.
cord-286274-1tb3uha2	279	1	While	while	IN
cord-286274-1tb3uha2	279	2	DGDP	DGDP	NNP
cord-286274-1tb3uha2	279	3	exhibits	exhibit	VBZ
cord-286274-1tb3uha2	279	4	a	a	DT
cord-286274-1tb3uha2	279	5	positive	positive	JJ
cord-286274-1tb3uha2	279	6	influence	influence	NN
cord-286274-1tb3uha2	279	7	on	on	IN
cord-286274-1tb3uha2	279	8	both	both	CC
cord-286274-1tb3uha2	279	9	ROA	ROA	NNP
cord-286274-1tb3uha2	279	10	and	and	CC
cord-286274-1tb3uha2	279	11	ROE	ROE	NNP
cord-286274-1tb3uha2	279	12	,	,	,
cord-286274-1tb3uha2	279	13	its	-PRON-	PRP$
cord-286274-1tb3uha2	279	14	influence	influence	NN
cord-286274-1tb3uha2	279	15	is	be	VBZ
cord-286274-1tb3uha2	279	16	not	not	RB
cord-286274-1tb3uha2	279	17	statistically	statistically	RB
cord-286274-1tb3uha2	279	18	strong	strong	JJ
cord-286274-1tb3uha2	279	19	.	.	.
cord-286274-1tb3uha2	280	1	In	in	IN
cord-286274-1tb3uha2	280	2	addition	addition	NN
cord-286274-1tb3uha2	280	3	,	,	,
cord-286274-1tb3uha2	280	4	SIZE	size	NN
cord-286274-1tb3uha2	280	5	is	be	VBZ
cord-286274-1tb3uha2	280	6	found	find	VBN
cord-286274-1tb3uha2	280	7	to	to	TO
cord-286274-1tb3uha2	280	8	be	be	VB
cord-286274-1tb3uha2	280	9	negatively	negatively	RB
cord-286274-1tb3uha2	280	10	related	relate	VBN
cord-286274-1tb3uha2	280	11	to	to	IN
cord-286274-1tb3uha2	280	12	ROA	ROA	NNP
cord-286274-1tb3uha2	280	13	and	and	CC
cord-286274-1tb3uha2	280	14	ROE	ROE	NNP
cord-286274-1tb3uha2	280	15	.	.	.
cord-286274-1tb3uha2	281	1	Among	among	IN
cord-286274-1tb3uha2	281	2	three	three	CD
cord-286274-1tb3uha2	281	3	dummy	dummy	JJ
cord-286274-1tb3uha2	281	4	variables	variable	NNS
cord-286274-1tb3uha2	281	5	,	,	,
cord-286274-1tb3uha2	281	6	only	only	RB
cord-286274-1tb3uha2	281	7	DSARS	DSARS	NNP
cord-286274-1tb3uha2	281	8	has	have	VBZ
cord-286274-1tb3uha2	281	9	a	a	DT
cord-286274-1tb3uha2	281	10	significantly	significantly	RB
cord-286274-1tb3uha2	281	11	negative	negative	JJ
cord-286274-1tb3uha2	281	12	impact	impact	NN
cord-286274-1tb3uha2	281	13	on	on	IN
cord-286274-1tb3uha2	281	14	ROE	ROE	NNP
cord-286274-1tb3uha2	281	15	.	.	.
cord-286274-1tb3uha2	282	1	Test	test	NN
cord-286274-1tb3uha2	282	2	results	result	NNS
cord-286274-1tb3uha2	282	3	in	in	IN
cord-286274-1tb3uha2	282	4	Table	Table	NNP
cord-286274-1tb3uha2	282	5	7	7	CD
cord-286274-1tb3uha2	282	6	reveal	reveal	VBP
cord-286274-1tb3uha2	282	7	that	that	WDT
cord-286274-1tb3uha2	282	8	DTA	DTA	NNP
cord-286274-1tb3uha2	282	9	and	and	CC
cord-286274-1tb3uha2	282	10	DGDP	DGDP	NNP
cord-286274-1tb3uha2	282	11	have	have	VBP
cord-286274-1tb3uha2	282	12	a	a	DT
cord-286274-1tb3uha2	282	13	positive	positive	JJ
cord-286274-1tb3uha2	282	14	effect	effect	NN
cord-286274-1tb3uha2	282	15	on	on	IN
cord-286274-1tb3uha2	282	16	SR	SR	NNP
cord-286274-1tb3uha2	282	17	,	,	,
cord-286274-1tb3uha2	282	18	but	but	CC
cord-286274-1tb3uha2	282	19	their	-PRON-	PRP$
cord-286274-1tb3uha2	282	20	effects	effect	NNS
cord-286274-1tb3uha2	282	21	are	be	VBP
cord-286274-1tb3uha2	282	22	not	not	RB
cord-286274-1tb3uha2	282	23	statistically	statistically	RB
cord-286274-1tb3uha2	282	24	significant	significant	JJ
cord-286274-1tb3uha2	282	25	.	.	.
cord-286274-1tb3uha2	283	1	The	the	DT
cord-286274-1tb3uha2	283	2	low	low	JJ
cord-286274-1tb3uha2	283	3	adjusted	adjusted	JJ
cord-286274-1tb3uha2	283	4	R	r	NN
cord-286274-1tb3uha2	283	5	2	2	CD
cord-286274-1tb3uha2	283	6	value	value	NN
cord-286274-1tb3uha2	283	7	of	of	IN
cord-286274-1tb3uha2	283	8	pooled	pool	VBN
cord-286274-1tb3uha2	283	9	OLS	OLS	NNP
cord-286274-1tb3uha2	283	10	regression	regression	NN
cord-286274-1tb3uha2	283	11	implies	imply	VBZ
cord-286274-1tb3uha2	283	12	the	the	DT
cord-286274-1tb3uha2	283	13	goodnessof	goodnessof	NNP
cord-286274-1tb3uha2	283	14	-	-	HYPH
cord-286274-1tb3uha2	283	15	fit	fit	JJ
cord-286274-1tb3uha2	283	16	for	for	IN
cord-286274-1tb3uha2	283	17	the	the	DT
cord-286274-1tb3uha2	283	18	estimated	estimate	VBN
cord-286274-1tb3uha2	283	19	regression	regression	NN
cord-286274-1tb3uha2	283	20	equation	equation	NN
cord-286274-1tb3uha2	283	21	is	be	VBZ
cord-286274-1tb3uha2	283	22	poor	poor	JJ
cord-286274-1tb3uha2	283	23	and	and	CC
cord-286274-1tb3uha2	283	24	the	the	DT
cord-286274-1tb3uha2	283	25	two	two	CD
cord-286274-1tb3uha2	283	26	independent	independent	JJ
cord-286274-1tb3uha2	283	27	variables	variable	NNS
cord-286274-1tb3uha2	283	28	explain	explain	VBP
cord-286274-1tb3uha2	283	29	very	very	RB
cord-286274-1tb3uha2	283	30	little	little	JJ
cord-286274-1tb3uha2	283	31	proportion	proportion	NN
cord-286274-1tb3uha2	283	32	of	of	IN
cord-286274-1tb3uha2	283	33	variation	variation	NN
cord-286274-1tb3uha2	283	34	in	in	IN
cord-286274-1tb3uha2	283	35	hotel	hotel	NN
cord-286274-1tb3uha2	283	36	stock	stock	NN
cord-286274-1tb3uha2	283	37	returns	return	NNS
cord-286274-1tb3uha2	283	38	.	.	.
cord-286274-1tb3uha2	284	1	The	the	DT
cord-286274-1tb3uha2	284	2	overall	overall	JJ
cord-286274-1tb3uha2	284	3	adjusted	adjust	VBN
cord-286274-1tb3uha2	284	4	R	r	NN
cord-286274-1tb3uha2	284	5	2	2	CD
cord-286274-1tb3uha2	284	6	value	value	NN
cord-286274-1tb3uha2	284	7	is	be	VBZ
cord-286274-1tb3uha2	284	8	also	also	RB
cord-286274-1tb3uha2	284	9	relatively	relatively	RB
cord-286274-1tb3uha2	284	10	low	low	JJ
cord-286274-1tb3uha2	284	11	at	at	IN
cord-286274-1tb3uha2	284	12	6	6	CD
cord-286274-1tb3uha2	284	13	%	%	NN
cord-286274-1tb3uha2	284	14	.	.	.
cord-286274-1tb3uha2	285	1	It	-PRON-	PRP
cord-286274-1tb3uha2	285	2	is	be	VBZ
cord-286274-1tb3uha2	285	3	also	also	RB
cord-286274-1tb3uha2	285	4	found	find	VBN
cord-286274-1tb3uha2	285	5	that	that	IN
cord-286274-1tb3uha2	285	6	there	there	EX
cord-286274-1tb3uha2	285	7	is	be	VBZ
cord-286274-1tb3uha2	285	8	no	no	DT
cord-286274-1tb3uha2	285	9	strong	strong	JJ
cord-286274-1tb3uha2	285	10	relationship	relationship	NN
cord-286274-1tb3uha2	285	11	between	between	IN
cord-286274-1tb3uha2	285	12	SIZE	size	NN
cord-286274-1tb3uha2	285	13	and	and	CC
cord-286274-1tb3uha2	285	14	SR	SR	NNP
cord-286274-1tb3uha2	285	15	.	.	.
cord-286274-1tb3uha2	286	1	DSARS	DSARS	NNP
cord-286274-1tb3uha2	286	2	and	and	CC
cord-286274-1tb3uha2	286	3	D921	D921	NNPS
cord-286274-1tb3uha2	286	4	have	have	VBP
cord-286274-1tb3uha2	286	5	a	a	DT
cord-286274-1tb3uha2	286	6	significantly	significantly	RB
cord-286274-1tb3uha2	286	7	negative	negative	JJ
cord-286274-1tb3uha2	286	8	influence	influence	NN
cord-286274-1tb3uha2	286	9	on	on	IN
cord-286274-1tb3uha2	286	10	SR	SR	NNP
cord-286274-1tb3uha2	286	11	.	.	.
cord-286274-1tb3uha2	287	1	Tests	test	NNS
cord-286274-1tb3uha2	287	2	results	result	NNS
cord-286274-1tb3uha2	287	3	presented	present	VBN
cord-286274-1tb3uha2	287	4	in	in	IN
cord-286274-1tb3uha2	287	5	Table	Table	NNP
cord-286274-1tb3uha2	287	6	8	8	CD
cord-286274-1tb3uha2	287	7	illustrate	illustrate	VBP
cord-286274-1tb3uha2	287	8	that	that	IN
cord-286274-1tb3uha2	287	9	the	the	DT
cord-286274-1tb3uha2	287	10	coefficients	coefficient	NNS
cord-286274-1tb3uha2	287	11	of	of	IN
cord-286274-1tb3uha2	287	12	DGDP	DGDP	NNP
cord-286274-1tb3uha2	287	13	and	and	CC
cord-286274-1tb3uha2	287	14	DTA	DTA	NNP
cord-286274-1tb3uha2	287	15	are	be	VBP
cord-286274-1tb3uha2	287	16	positive	positive	JJ
cord-286274-1tb3uha2	287	17	and	and	CC
cord-286274-1tb3uha2	287	18	statistically	statistically	RB
cord-286274-1tb3uha2	287	19	significant	significant	JJ
cord-286274-1tb3uha2	287	20	at	at	IN
cord-286274-1tb3uha2	287	21	the	the	DT
cord-286274-1tb3uha2	287	22	1	1	CD
cord-286274-1tb3uha2	287	23	%	%	NN
cord-286274-1tb3uha2	287	24	and	and	CC
cord-286274-1tb3uha2	287	25	5	5	CD
cord-286274-1tb3uha2	287	26	%	%	NN
cord-286274-1tb3uha2	287	27	level	level	NN
cord-286274-1tb3uha2	287	28	,	,	,
cord-286274-1tb3uha2	287	29	respectively	respectively	RB
cord-286274-1tb3uha2	287	30	.	.	.
cord-286274-1tb3uha2	288	1	The	the	DT
cord-286274-1tb3uha2	288	2	findings	finding	NNS
cord-286274-1tb3uha2	288	3	indicate	indicate	VBP
cord-286274-1tb3uha2	288	4	that	that	IN
cord-286274-1tb3uha2	288	5	a	a	DT
cord-286274-1tb3uha2	288	6	better	well	JJR
cord-286274-1tb3uha2	288	7	economic	economic	JJ
cord-286274-1tb3uha2	288	8	condition	condition	NN
cord-286274-1tb3uha2	288	9	and	and	CC
cord-286274-1tb3uha2	288	10	tourism	tourism	NN
cord-286274-1tb3uha2	288	11	development	development	NN
cord-286274-1tb3uha2	288	12	can	can	MD
cord-286274-1tb3uha2	288	13	improve	improve	VB
cord-286274-1tb3uha2	288	14	the	the	DT
cord-286274-1tb3uha2	288	15	overall	overall	JJ
cord-286274-1tb3uha2	288	16	corporate	corporate	JJ
cord-286274-1tb3uha2	288	17	performance	performance	NN
cord-286274-1tb3uha2	288	18	of	of	IN
cord-286274-1tb3uha2	288	19	tourist	tourist	NN
cord-286274-1tb3uha2	288	20	hotels	hotel	NNS
cord-286274-1tb3uha2	288	21	.	.	.
cord-286274-1tb3uha2	289	1	The	the	DT
cord-286274-1tb3uha2	289	2	overall	overall	JJ
cord-286274-1tb3uha2	289	3	explanatory	explanatory	JJ
cord-286274-1tb3uha2	289	4	power	power	NN
cord-286274-1tb3uha2	289	5	of	of	IN
cord-286274-1tb3uha2	289	6	DGDP	DGDP	NNP
cord-286274-1tb3uha2	289	7	and	and	CC
cord-286274-1tb3uha2	289	8	DTA	DTA	NNP
cord-286274-1tb3uha2	289	9	on	on	IN
cord-286274-1tb3uha2	289	10	the	the	DT
cord-286274-1tb3uha2	289	11	comprehensive	comprehensive	JJ
cord-286274-1tb3uha2	289	12	score	score	NN
cord-286274-1tb3uha2	289	13	is	be	VBZ
cord-286274-1tb3uha2	289	14	OPR	OPR	NNP
cord-286274-1tb3uha2	289	15	(	(	-LRB-
cord-286274-1tb3uha2	289	16	regression	regression	NN
cord-286274-1tb3uha2	289	17	equation	equation	NN
cord-286274-1tb3uha2	289	18	(	(	-LRB-
cord-286274-1tb3uha2	289	19	12	12	CD
cord-286274-1tb3uha2	289	20	)	)	-RRB-
cord-286274-1tb3uha2	289	21	)	)	-RRB-
cord-286274-1tb3uha2	289	22	12.0987	12.0987	CD
cord-286274-1tb3uha2	289	23	[	[	-LRB-
cord-286274-1tb3uha2	289	24	0.0008	0.0008	CD
cord-286274-1tb3uha2	289	25	]	]	-RRB-
cord-286274-1tb3uha2	289	26	*	*	NFP
cord-286274-1tb3uha2	289	27	*	*	NFP
cord-286274-1tb3uha2	289	28	*	*	NFP
cord-286274-1tb3uha2	290	1	Fixed	fix	VBN
cord-286274-1tb3uha2	290	2	effects	effect	NNS
cord-286274-1tb3uha2	290	3	ROA	roa	NN
cord-286274-1tb3uha2	290	4	(	(	-LRB-
cord-286274-1tb3uha2	290	5	regression	regression	NN
cord-286274-1tb3uha2	290	6	equation	equation	NN
cord-286274-1tb3uha2	290	7	(	(	-LRB-
cord-286274-1tb3uha2	290	8	13	13	CD
cord-286274-1tb3uha2	290	9	)	)	-RRB-
cord-286274-1tb3uha2	290	10	)	)	-RRB-
cord-286274-1tb3uha2	291	1	11.2884	11.2884	LS
cord-286274-1tb3uha2	291	2	[	[	-LRB-
cord-286274-1tb3uha2	291	3	0.0008	0.0008	CD
cord-286274-1tb3uha2	291	4	]	]	-RRB-
cord-286274-1tb3uha2	292	1	*	*	NFP
cord-286274-1tb3uha2	292	2	*	*	NFP
cord-286274-1tb3uha2	292	3	*	*	NFP
cord-286274-1tb3uha2	292	4	Fixed	fix	VBN
cord-286274-1tb3uha2	292	5	effects	effect	NNS
cord-286274-1tb3uha2	292	6	ROE	roe	NN
cord-286274-1tb3uha2	292	7	(	(	-LRB-
cord-286274-1tb3uha2	292	8	regression	regression	NN
cord-286274-1tb3uha2	292	9	equation	equation	NN
cord-286274-1tb3uha2	292	10	(	(	-LRB-
cord-286274-1tb3uha2	292	11	14	14	CD
cord-286274-1tb3uha2	292	12	)	)	-RRB-
cord-286274-1tb3uha2	292	13	)	)	-RRB-
cord-286274-1tb3uha2	293	1	11.1955	11.1955	CD
cord-286274-1tb3uha2	293	2	[	[	-LRB-
cord-286274-1tb3uha2	293	3	0.0008	0.0008	CD
cord-286274-1tb3uha2	293	4	]	]	-RRB-
cord-286274-1tb3uha2	294	1	*	*	NFP
cord-286274-1tb3uha2	294	2	*	*	NFP
cord-286274-1tb3uha2	294	3	*	*	NFP
cord-286274-1tb3uha2	294	4	Fixed	fix	VBN
cord-286274-1tb3uha2	294	5	effects	effect	NNS
cord-286274-1tb3uha2	294	6	SCORE	score	NN
cord-286274-1tb3uha2	294	7	(	(	-LRB-
cord-286274-1tb3uha2	294	8	regression	regression	NN
cord-286274-1tb3uha2	294	9	equation	equation	NN
cord-286274-1tb3uha2	294	10	(	(	-LRB-
cord-286274-1tb3uha2	294	11	16	16	CD
cord-286274-1tb3uha2	294	12	)	)	-RRB-
cord-286274-1tb3uha2	294	13	)	)	-RRB-
cord-286274-1tb3uha2	294	14	10.8621	10.8621	CD
cord-286274-1tb3uha2	294	15	[	[	-LRB-
cord-286274-1tb3uha2	294	16	0.0010	0.0010	CD
cord-286274-1tb3uha2	294	17	]	]	-RRB-
cord-286274-1tb3uha2	295	1	*	*	NFP
cord-286274-1tb3uha2	295	2	*	*	NFP
cord-286274-1tb3uha2	295	3	*	*	NFP
cord-286274-1tb3uha2	295	4	Fixed	fix	VBN
cord-286274-1tb3uha2	295	5	effects	effect	NNS
cord-286274-1tb3uha2	295	6	Note	note	VBP
cord-286274-1tb3uha2	295	7	:	:	:
cord-286274-1tb3uha2	295	8	*	*	NFP
cord-286274-1tb3uha2	295	9	,	,	,
cord-286274-1tb3uha2	296	1	*	*	NFP
cord-286274-1tb3uha2	296	2	*	*	NFP
cord-286274-1tb3uha2	296	3	,	,	,
cord-286274-1tb3uha2	297	1	and	and	CC
cord-286274-1tb3uha2	298	1	*	*	NFP
cord-286274-1tb3uha2	298	2	*	*	NFP
cord-286274-1tb3uha2	298	3	*	*	NFP
cord-286274-1tb3uha2	298	4	indicate	indicate	VBP
cord-286274-1tb3uha2	298	5	that	that	IN
cord-286274-1tb3uha2	298	6	the	the	DT
cord-286274-1tb3uha2	298	7	null	null	JJ
cord-286274-1tb3uha2	298	8	hypothesis	hypothesis	NN
cord-286274-1tb3uha2	298	9	can	can	MD
cord-286274-1tb3uha2	298	10	be	be	VB
cord-286274-1tb3uha2	298	11	rejected	reject	VBN
cord-286274-1tb3uha2	298	12	at	at	IN
cord-286274-1tb3uha2	298	13	the	the	DT
cord-286274-1tb3uha2	298	14	10	10	CD
cord-286274-1tb3uha2	298	15	%	%	NN
cord-286274-1tb3uha2	298	16	,	,	,
cord-286274-1tb3uha2	298	17	5	5	CD
cord-286274-1tb3uha2	298	18	%	%	NN
cord-286274-1tb3uha2	298	19	and	and	CC
cord-286274-1tb3uha2	298	20	1	1	CD
cord-286274-1tb3uha2	298	21	%	%	NN
cord-286274-1tb3uha2	298	22	level	level	NN
cord-286274-1tb3uha2	298	23	,	,	,
cord-286274-1tb3uha2	298	24	respectively	respectively	RB
cord-286274-1tb3uha2	298	25	.	.	.
cord-286274-1tb3uha2	299	1	about	about	IN
cord-286274-1tb3uha2	299	2	9	9	CD
cord-286274-1tb3uha2	299	3	%	%	NN
cord-286274-1tb3uha2	299	4	(	(	-LRB-
cord-286274-1tb3uha2	299	5	see	see	VB
cord-286274-1tb3uha2	299	6	panel	panel	NN
cord-286274-1tb3uha2	299	7	B	B	NNP
cord-286274-1tb3uha2	299	8	)	)	-RRB-
cord-286274-1tb3uha2	299	9	and	and	CC
cord-286274-1tb3uha2	299	10	8	8	CD
cord-286274-1tb3uha2	299	11	%	%	NN
cord-286274-1tb3uha2	299	12	(	(	-LRB-
cord-286274-1tb3uha2	299	13	see	see	VB
cord-286274-1tb3uha2	299	14	panel	panel	NN
cord-286274-1tb3uha2	299	15	C	C	NNP
cord-286274-1tb3uha2	299	16	)	)	-RRB-
cord-286274-1tb3uha2	299	17	,	,	,
cord-286274-1tb3uha2	299	18	respectively	respectively	RB
cord-286274-1tb3uha2	299	19	.	.	.
cord-286274-1tb3uha2	300	1	Moreover	moreover	RB
cord-286274-1tb3uha2	300	2	,	,	,
cord-286274-1tb3uha2	300	3	SIZE	size	NN
cord-286274-1tb3uha2	300	4	,	,	,
cord-286274-1tb3uha2	300	5	D911	D911	NNP
cord-286274-1tb3uha2	300	6	and	and	CC
cord-286274-1tb3uha2	300	7	DSARS	DSARS	NNP
cord-286274-1tb3uha2	300	8	are	be	VBP
cord-286274-1tb3uha2	300	9	negatively	negatively	RB
cord-286274-1tb3uha2	300	10	related	relate	VBN
cord-286274-1tb3uha2	300	11	to	to	IN
cord-286274-1tb3uha2	300	12	SCORE	score	NN
cord-286274-1tb3uha2	300	13	.	.	.
cord-286274-1tb3uha2	301	1	This	this	DT
cord-286274-1tb3uha2	301	2	study	study	NN
cord-286274-1tb3uha2	301	3	examines	examine	VBZ
cord-286274-1tb3uha2	301	4	the	the	DT
cord-286274-1tb3uha2	301	5	impact	impact	NN
cord-286274-1tb3uha2	301	6	of	of	IN
cord-286274-1tb3uha2	301	7	economic	economic	JJ
cord-286274-1tb3uha2	301	8	and	and	CC
cord-286274-1tb3uha2	301	9	industry	industry	NN
cord-286274-1tb3uha2	301	10	factors	factor	NNS
cord-286274-1tb3uha2	301	11	on	on	IN
cord-286274-1tb3uha2	301	12	corporate	corporate	JJ
cord-286274-1tb3uha2	301	13	performance	performance	NN
cord-286274-1tb3uha2	301	14	of	of	IN
cord-286274-1tb3uha2	301	15	tourist	tourist	NN
cord-286274-1tb3uha2	301	16	hotels	hotel	NNS
cord-286274-1tb3uha2	301	17	in	in	IN
cord-286274-1tb3uha2	301	18	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	301	19	.	.	.
cord-286274-1tb3uha2	302	1	The	the	DT
cord-286274-1tb3uha2	302	2	economic	economic	JJ
cord-286274-1tb3uha2	302	3	factor	factor	NN
cord-286274-1tb3uha2	302	4	is	be	VBZ
cord-286274-1tb3uha2	302	5	changes	change	NNS
cord-286274-1tb3uha2	302	6	in	in	IN
cord-286274-1tb3uha2	302	7	the	the	DT
cord-286274-1tb3uha2	302	8	economy	economy	NN
cord-286274-1tb3uha2	302	9	(	(	-LRB-
cord-286274-1tb3uha2	302	10	real	real	JJ
cord-286274-1tb3uha2	302	11	GDP	gdp	NN
cord-286274-1tb3uha2	302	12	growth	growth	NN
cord-286274-1tb3uha2	302	13	rate	rate	NN
cord-286274-1tb3uha2	302	14	,	,	,
cord-286274-1tb3uha2	302	15	DGDP	DGDP	NNP
cord-286274-1tb3uha2	302	16	)	)	-RRB-
cord-286274-1tb3uha2	302	17	,	,	,
cord-286274-1tb3uha2	302	18	whereas	whereas	IN
cord-286274-1tb3uha2	302	19	tourism	tourism	NN
cord-286274-1tb3uha2	302	20	expansion	expansion	NN
cord-286274-1tb3uha2	302	21	(	(	-LRB-
cord-286274-1tb3uha2	302	22	the	the	DT
cord-286274-1tb3uha2	302	23	growth	growth	NN
cord-286274-1tb3uha2	302	24	rate	rate	NN
cord-286274-1tb3uha2	302	25	of	of	IN
cord-286274-1tb3uha2	302	26	foreign	foreign	JJ
cord-286274-1tb3uha2	302	27	tourist	tourist	NN
cord-286274-1tb3uha2	302	28	arrivals	arrival	NNS
cord-286274-1tb3uha2	302	29	,	,	,
cord-286274-1tb3uha2	302	30	DTA	DTA	NNP
cord-286274-1tb3uha2	302	31	)	)	-RRB-
cord-286274-1tb3uha2	302	32	is	be	VBZ
cord-286274-1tb3uha2	302	33	used	use	VBN
cord-286274-1tb3uha2	302	34	as	as	IN
cord-286274-1tb3uha2	302	35	the	the	DT
cord-286274-1tb3uha2	302	36	industry	industry	NN
cord-286274-1tb3uha2	302	37	-	-	HYPH
cord-286274-1tb3uha2	302	38	specific	specific	JJ
cord-286274-1tb3uha2	302	39	factor	factor	NN
cord-286274-1tb3uha2	302	40	.	.	.
cord-286274-1tb3uha2	303	1	The	the	DT
cord-286274-1tb3uha2	303	2	indicators	indicator	NNS
cord-286274-1tb3uha2	303	3	of	of	IN
cord-286274-1tb3uha2	303	4	corporate	corporate	JJ
cord-286274-1tb3uha2	303	5	performance	performance	NN
cord-286274-1tb3uha2	303	6	of	of	IN
cord-286274-1tb3uha2	303	7	hotels	hotel	NNS
cord-286274-1tb3uha2	303	8	under	under	IN
cord-286274-1tb3uha2	303	9	consideration	consideration	NN
cord-286274-1tb3uha2	303	10	include	include	VBP
cord-286274-1tb3uha2	303	11	occupancy	occupancy	NN
cord-286274-1tb3uha2	303	12	rate	rate	NN
cord-286274-1tb3uha2	303	13	(	(	-LRB-
cord-286274-1tb3uha2	303	14	OPR	OPR	NNP
cord-286274-1tb3uha2	303	15	)	)	-RRB-
cord-286274-1tb3uha2	303	16	,	,	,
cord-286274-1tb3uha2	303	17	return	return	VB
cord-286274-1tb3uha2	303	18	on	on	IN
cord-286274-1tb3uha2	303	19	assets	asset	NNS
cord-286274-1tb3uha2	303	20	(	(	-LRB-
cord-286274-1tb3uha2	303	21	ROA	ROA	NNP
cord-286274-1tb3uha2	303	22	)	)	-RRB-
cord-286274-1tb3uha2	303	23	,	,	,
cord-286274-1tb3uha2	303	24	return	return	VB
cord-286274-1tb3uha2	303	25	on	on	IN
cord-286274-1tb3uha2	303	26	equity	equity	NN
cord-286274-1tb3uha2	303	27	(	(	-LRB-
cord-286274-1tb3uha2	303	28	ROE	ROE	NNP
cord-286274-1tb3uha2	303	29	)	)	-RRB-
cord-286274-1tb3uha2	303	30	,	,	,
cord-286274-1tb3uha2	303	31	stock	stock	NN
cord-286274-1tb3uha2	303	32	return	return	NN
cord-286274-1tb3uha2	303	33	and	and	CC
cord-286274-1tb3uha2	303	34	a	a	DT
cord-286274-1tb3uha2	303	35	comprehensive	comprehensive	JJ
cord-286274-1tb3uha2	303	36	score	score	NN
cord-286274-1tb3uha2	303	37	.	.	.
cord-286274-1tb3uha2	304	1	OPR	OPR	NNP
cord-286274-1tb3uha2	304	2	is	be	VBZ
cord-286274-1tb3uha2	304	3	a	a	DT
cord-286274-1tb3uha2	304	4	common	common	JJ
cord-286274-1tb3uha2	304	5	performance	performance	NN
cord-286274-1tb3uha2	304	6	measure	measure	NN
cord-286274-1tb3uha2	304	7	of	of	IN
cord-286274-1tb3uha2	304	8	sales	sale	NNS
cord-286274-1tb3uha2	304	9	revenue	revenue	NN
cord-286274-1tb3uha2	304	10	in	in	IN
cord-286274-1tb3uha2	304	11	the	the	DT
cord-286274-1tb3uha2	304	12	hotel	hotel	NN
cord-286274-1tb3uha2	304	13	industry	industry	NN
cord-286274-1tb3uha2	304	14	.	.	.
cord-286274-1tb3uha2	305	1	ROA	ROA	NNP
cord-286274-1tb3uha2	305	2	and	and	CC
cord-286274-1tb3uha2	305	3	ROE	ROE	NNP
cord-286274-1tb3uha2	305	4	measure	measure	VB
cord-286274-1tb3uha2	305	5	the	the	DT
cord-286274-1tb3uha2	305	6	profitability	profitability	NN
cord-286274-1tb3uha2	305	7	of	of	IN
cord-286274-1tb3uha2	305	8	hotel	hotel	NN
cord-286274-1tb3uha2	305	9	companies	company	NNS
cord-286274-1tb3uha2	305	10	,	,	,
cord-286274-1tb3uha2	305	11	whereas	whereas	IN
cord-286274-1tb3uha2	305	12	stock	stock	NN
cord-286274-1tb3uha2	305	13	return	return	NN
cord-286274-1tb3uha2	305	14	can	can	MD
cord-286274-1tb3uha2	305	15	evaluate	evaluate	VB
cord-286274-1tb3uha2	305	16	hotel	hotel	NN
cord-286274-1tb3uha2	305	17	stock	stock	NN
cord-286274-1tb3uha2	305	18	performance	performance	NN
cord-286274-1tb3uha2	305	19	.	.	.
cord-286274-1tb3uha2	306	1	Based	base	VBN
cord-286274-1tb3uha2	306	2	on	on	IN
cord-286274-1tb3uha2	306	3	factor	factor	NN
cord-286274-1tb3uha2	306	4	analysis	analysis	NN
cord-286274-1tb3uha2	306	5	approach	approach	NN
cord-286274-1tb3uha2	306	6	,	,	,
cord-286274-1tb3uha2	306	7	six	six	CD
cord-286274-1tb3uha2	306	8	accounting	accounting	NN
cord-286274-1tb3uha2	306	9	ratios	ratio	NNS
cord-286274-1tb3uha2	306	10	(	(	-LRB-
cord-286274-1tb3uha2	306	11	total	total	JJ
cord-286274-1tb3uha2	306	12	asset	asset	NN
cord-286274-1tb3uha2	306	13	turnover	turnover	NN
cord-286274-1tb3uha2	306	14	,	,	,
cord-286274-1tb3uha2	306	15	return	return	VB
cord-286274-1tb3uha2	306	16	on	on	IN
cord-286274-1tb3uha2	306	17	assets	asset	NNS
cord-286274-1tb3uha2	306	18	,	,	,
cord-286274-1tb3uha2	306	19	return	return	VB
cord-286274-1tb3uha2	306	20	on	on	IN
cord-286274-1tb3uha2	306	21	equity	equity	NN
cord-286274-1tb3uha2	306	22	,	,	,
cord-286274-1tb3uha2	306	23	current	current	JJ
cord-286274-1tb3uha2	306	24	ratio	ratio	NN
cord-286274-1tb3uha2	306	25	,	,	,
cord-286274-1tb3uha2	306	26	quick	quick	JJ
cord-286274-1tb3uha2	306	27	ratio	ratio	NN
cord-286274-1tb3uha2	306	28	and	and	CC
cord-286274-1tb3uha2	306	29	debt	debt	NN
cord-286274-1tb3uha2	306	30	-	-	HYPH
cord-286274-1tb3uha2	306	31	equity	equity	NN
cord-286274-1tb3uha2	306	32	ratio	ratio	NN
cord-286274-1tb3uha2	306	33	)	)	-RRB-
cord-286274-1tb3uha2	306	34	are	be	VBP
cord-286274-1tb3uha2	306	35	used	use	VBN
cord-286274-1tb3uha2	306	36	to	to	TO
cord-286274-1tb3uha2	306	37	compute	compute	VB
cord-286274-1tb3uha2	306	38	a	a	DT
cord-286274-1tb3uha2	306	39	comprehensive	comprehensive	JJ
cord-286274-1tb3uha2	306	40	score	score	NN
cord-286274-1tb3uha2	306	41	that	that	WDT
cord-286274-1tb3uha2	306	42	can	can	MD
cord-286274-1tb3uha2	306	43	measure	measure	VB
cord-286274-1tb3uha2	306	44	the	the	DT
cord-286274-1tb3uha2	306	45	overall	overall	JJ
cord-286274-1tb3uha2	306	46	financial	financial	JJ
cord-286274-1tb3uha2	306	47	performance	performance	NN
cord-286274-1tb3uha2	306	48	rather	rather	RB
cord-286274-1tb3uha2	306	49	than	than	IN
cord-286274-1tb3uha2	306	50	just	just	RB
cord-286274-1tb3uha2	306	51	sales	sale	NNS
cord-286274-1tb3uha2	306	52	revenue	revenue	NN
cord-286274-1tb3uha2	306	53	,	,	,
cord-286274-1tb3uha2	306	54	profitability	profitability	NN
cord-286274-1tb3uha2	306	55	and	and	CC
cord-286274-1tb3uha2	306	56	stock	stock	NN
cord-286274-1tb3uha2	306	57	performance	performance	NN
cord-286274-1tb3uha2	306	58	.	.	.
cord-286274-1tb3uha2	307	1	The	the	DT
cord-286274-1tb3uha2	307	2	comprehensive	comprehensive	JJ
cord-286274-1tb3uha2	307	3	score	score	NN
cord-286274-1tb3uha2	307	4	combines	combine	VBZ
cord-286274-1tb3uha2	307	5	measures	measure	NNS
cord-286274-1tb3uha2	307	6	of	of	IN
cord-286274-1tb3uha2	307	7	asset	asset	NN
cord-286274-1tb3uha2	307	8	management	management	NN
cord-286274-1tb3uha2	307	9	(	(	-LRB-
cord-286274-1tb3uha2	307	10	total	total	JJ
cord-286274-1tb3uha2	307	11	asset	asset	NN
cord-286274-1tb3uha2	307	12	turnover	turnover	NN
cord-286274-1tb3uha2	307	13	)	)	-RRB-
cord-286274-1tb3uha2	307	14	,	,	,
cord-286274-1tb3uha2	307	15	profitability	profitability	NN
cord-286274-1tb3uha2	307	16	(	(	-LRB-
cord-286274-1tb3uha2	307	17	ROA	ROA	NNP
cord-286274-1tb3uha2	307	18	and	and	CC
cord-286274-1tb3uha2	307	19	ROE	ROE	NNP
cord-286274-1tb3uha2	307	20	)	)	-RRB-
cord-286274-1tb3uha2	307	21	,	,	,
cord-286274-1tb3uha2	307	22	short	short	JJ
cord-286274-1tb3uha2	307	23	-	-	HYPH
cord-286274-1tb3uha2	307	24	term	term	NN
cord-286274-1tb3uha2	307	25	solvency	solvency	NN
cord-286274-1tb3uha2	307	26	or	or	CC
cord-286274-1tb3uha2	307	27	liquidity	liquidity	NN
cord-286274-1tb3uha2	307	28	(	(	-LRB-
cord-286274-1tb3uha2	307	29	current	current	JJ
cord-286274-1tb3uha2	307	30	ratio	ratio	NN
cord-286274-1tb3uha2	307	31	and	and	CC
cord-286274-1tb3uha2	307	32	quick	quick	JJ
cord-286274-1tb3uha2	307	33	ratio	ratio	NN
cord-286274-1tb3uha2	307	34	)	)	-RRB-
cord-286274-1tb3uha2	307	35	and	and	CC
cord-286274-1tb3uha2	307	36	long	long	JJ
cord-286274-1tb3uha2	307	37	-	-	HYPH
cord-286274-1tb3uha2	307	38	term	term	NN
cord-286274-1tb3uha2	307	39	solvency	solvency	NN
cord-286274-1tb3uha2	307	40	(	(	-LRB-
cord-286274-1tb3uha2	307	41	debt	debt	NN
cord-286274-1tb3uha2	307	42	-	-	HYPH
cord-286274-1tb3uha2	307	43	equity	equity	NN
cord-286274-1tb3uha2	307	44	ratio	ratio	NN
cord-286274-1tb3uha2	307	45	)	)	-RRB-
cord-286274-1tb3uha2	307	46	.	.	.
cord-286274-1tb3uha2	308	1	The	the	DT
cord-286274-1tb3uha2	308	2	effects	effect	NNS
cord-286274-1tb3uha2	308	3	of	of	IN
cord-286274-1tb3uha2	308	4	DGDP	DGDP	NNP
cord-286274-1tb3uha2	308	5	and	and	CC
cord-286274-1tb3uha2	308	6	DTA	DTA	NNP
cord-286274-1tb3uha2	308	7	on	on	IN
cord-286274-1tb3uha2	308	8	corporate	corporate	JJ
cord-286274-1tb3uha2	308	9	performance	performance	NN
cord-286274-1tb3uha2	308	10	in	in	IN
cord-286274-1tb3uha2	308	11	the	the	DT
cord-286274-1tb3uha2	308	12	tourist	tourist	NN
cord-286274-1tb3uha2	308	13	hotel	hotel	NN
cord-286274-1tb3uha2	308	14	industry	industry	NN
cord-286274-1tb3uha2	308	15	are	be	VBP
cord-286274-1tb3uha2	308	16	then	then	RB
cord-286274-1tb3uha2	308	17	scrutinized	scrutinize	VBN
cord-286274-1tb3uha2	308	18	via	via	IN
cord-286274-1tb3uha2	308	19	panel	panel	NN
cord-286274-1tb3uha2	308	20	regression	regression	NN
cord-286274-1tb3uha2	308	21	tests	test	NNS
cord-286274-1tb3uha2	308	22	.	.	.
cord-286274-1tb3uha2	309	1	Panel	panel	NN
cord-286274-1tb3uha2	309	2	regression	regression	NN
cord-286274-1tb3uha2	309	3	test	test	NN
cord-286274-1tb3uha2	309	4	results	result	NNS
cord-286274-1tb3uha2	309	5	reveal	reveal	VBP
cord-286274-1tb3uha2	309	6	that	that	IN
cord-286274-1tb3uha2	309	7	both	both	CC
cord-286274-1tb3uha2	309	8	economic	economic	JJ
cord-286274-1tb3uha2	309	9	and	and	CC
cord-286274-1tb3uha2	309	10	industry	industry	NN
cord-286274-1tb3uha2	309	11	factors	factor	NNS
cord-286274-1tb3uha2	309	12	have	have	VBP
cord-286274-1tb3uha2	309	13	a	a	DT
cord-286274-1tb3uha2	309	14	positive	positive	JJ
cord-286274-1tb3uha2	309	15	and	and	CC
cord-286274-1tb3uha2	309	16	significant	significant	JJ
cord-286274-1tb3uha2	309	17	effect	effect	NN
cord-286274-1tb3uha2	309	18	on	on	IN
cord-286274-1tb3uha2	309	19	occupancy	occupancy	NN
cord-286274-1tb3uha2	309	20	rate	rate	NN
cord-286274-1tb3uha2	309	21	of	of	IN
cord-286274-1tb3uha2	309	22	Taiwanese	taiwanese	JJ
cord-286274-1tb3uha2	309	23	tourist	tourist	NN
cord-286274-1tb3uha2	309	24	hotels	hotel	NNS
cord-286274-1tb3uha2	309	25	.	.	.
cord-286274-1tb3uha2	310	1	The	the	DT
cord-286274-1tb3uha2	310	2	results	result	NNS
cord-286274-1tb3uha2	310	3	imply	imply	VBP
cord-286274-1tb3uha2	310	4	that	that	IN
cord-286274-1tb3uha2	310	5	tourist	tourist	NN
cord-286274-1tb3uha2	310	6	hotels	hotel	NNS
cord-286274-1tb3uha2	310	7	can	can	MD
cord-286274-1tb3uha2	310	8	enjoy	enjoy	VB
cord-286274-1tb3uha2	310	9	a	a	DT
cord-286274-1tb3uha2	310	10	better	well	JJR
cord-286274-1tb3uha2	310	11	occupancy	occupancy	NN
cord-286274-1tb3uha2	310	12	rate	rate	NN
cord-286274-1tb3uha2	310	13	when	when	WRB
cord-286274-1tb3uha2	310	14	the	the	DT
cord-286274-1tb3uha2	310	15	economy	economy	NN
cord-286274-1tb3uha2	310	16	is	be	VBZ
cord-286274-1tb3uha2	310	17	expanding	expand	VBG
cord-286274-1tb3uha2	310	18	and	and	CC
cord-286274-1tb3uha2	310	19	the	the	DT
cord-286274-1tb3uha2	310	20	foreign	foreign	JJ
cord-286274-1tb3uha2	310	21	tourist	tourist	NN
cord-286274-1tb3uha2	310	22	market	market	NN
cord-286274-1tb3uha2	310	23	is	be	VBZ
cord-286274-1tb3uha2	310	24	growing	grow	VBG
cord-286274-1tb3uha2	310	25	.	.	.
cord-286274-1tb3uha2	311	1	In	in	IN
cord-286274-1tb3uha2	311	2	contrast	contrast	NN
cord-286274-1tb3uha2	311	3	,	,	,
cord-286274-1tb3uha2	311	4	the	the	DT
cord-286274-1tb3uha2	311	5	hotel	hotel	NN
cord-286274-1tb3uha2	311	6	occupancy	occupancy	NN
cord-286274-1tb3uha2	311	7	will	will	MD
cord-286274-1tb3uha2	311	8	suffer	suffer	VB
cord-286274-1tb3uha2	311	9	if	if	IN
cord-286274-1tb3uha2	311	10	the	the	DT
cord-286274-1tb3uha2	311	11	economy	economy	NN
cord-286274-1tb3uha2	311	12	is	be	VBZ
cord-286274-1tb3uha2	311	13	in	in	IN
cord-286274-1tb3uha2	311	14	recession	recession	NN
cord-286274-1tb3uha2	311	15	and	and	CC
cord-286274-1tb3uha2	311	16	tourism	tourism	NN
cord-286274-1tb3uha2	311	17	interest	interest	NN
cord-286274-1tb3uha2	311	18	in	in	IN
cord-286274-1tb3uha2	311	19	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	311	20	is	be	VBZ
cord-286274-1tb3uha2	311	21	low	low	JJ
cord-286274-1tb3uha2	311	22	.	.	.
cord-286274-1tb3uha2	312	1	Compared	compare	VBN
cord-286274-1tb3uha2	312	2	to	to	IN
cord-286274-1tb3uha2	312	3	the	the	DT
cord-286274-1tb3uha2	312	4	economic	economic	JJ
cord-286274-1tb3uha2	312	5	factor	factor	NN
cord-286274-1tb3uha2	312	6	,	,	,
cord-286274-1tb3uha2	312	7	the	the	DT
cord-286274-1tb3uha2	312	8	industry	industry	NN
cord-286274-1tb3uha2	312	9	factor	factor	NN
cord-286274-1tb3uha2	312	10	explains	explain	VBZ
cord-286274-1tb3uha2	312	11	more	more	JJR
cord-286274-1tb3uha2	312	12	variation	variation	NN
cord-286274-1tb3uha2	312	13	in	in	IN
cord-286274-1tb3uha2	312	14	occupancy	occupancy	NN
cord-286274-1tb3uha2	312	15	rate	rate	NN
cord-286274-1tb3uha2	312	16	.	.	.
cord-286274-1tb3uha2	313	1	Changes	change	NNS
cord-286274-1tb3uha2	313	2	in	in	IN
cord-286274-1tb3uha2	313	3	the	the	DT
cord-286274-1tb3uha2	313	4	state	state	NN
cord-286274-1tb3uha2	313	5	of	of	IN
cord-286274-1tb3uha2	313	6	economy	economy	NN
cord-286274-1tb3uha2	313	7	can	can	MD
cord-286274-1tb3uha2	313	8	account	account	VB
cord-286274-1tb3uha2	313	9	for	for	IN
cord-286274-1tb3uha2	313	10	45	45	CD
cord-286274-1tb3uha2	313	11	%	%	NN
cord-286274-1tb3uha2	313	12	of	of	IN
cord-286274-1tb3uha2	313	13	variation	variation	NN
cord-286274-1tb3uha2	313	14	in	in	IN
cord-286274-1tb3uha2	313	15	occupancy	occupancy	NN
cord-286274-1tb3uha2	313	16	rate	rate	NN
cord-286274-1tb3uha2	313	17	,	,	,
cord-286274-1tb3uha2	313	18	whereas	whereas	IN
cord-286274-1tb3uha2	313	19	tourism	tourism	NN
cord-286274-1tb3uha2	313	20	expansion	expansion	NN
cord-286274-1tb3uha2	313	21	describes	describe	VBZ
cord-286274-1tb3uha2	313	22	even	even	RB
cord-286274-1tb3uha2	313	23	as	as	RB
cord-286274-1tb3uha2	313	24	high	high	JJ
cord-286274-1tb3uha2	313	25	as	as	IN
cord-286274-1tb3uha2	313	26	53	53	CD
cord-286274-1tb3uha2	313	27	%	%	NN
cord-286274-1tb3uha2	313	28	of	of	IN
cord-286274-1tb3uha2	313	29	variation	variation	NN
cord-286274-1tb3uha2	313	30	in	in	IN
cord-286274-1tb3uha2	313	31	occupancy	occupancy	NN
cord-286274-1tb3uha2	313	32	rate	rate	NN
cord-286274-1tb3uha2	313	33	.	.	.
cord-286274-1tb3uha2	314	1	In	in	IN
cord-286274-1tb3uha2	314	2	other	other	JJ
cord-286274-1tb3uha2	314	3	words	word	NNS
cord-286274-1tb3uha2	314	4	,	,	,
cord-286274-1tb3uha2	314	5	the	the	DT
cord-286274-1tb3uha2	314	6	sales	sale	NNS
cord-286274-1tb3uha2	314	7	revenue	revenue	NN
cord-286274-1tb3uha2	314	8	of	of	IN
cord-286274-1tb3uha2	314	9	tourist	tourist	NN
cord-286274-1tb3uha2	314	10	hotels	hotel	NNS
cord-286274-1tb3uha2	314	11	relies	rely	VBZ
cord-286274-1tb3uha2	314	12	heavily	heavily	RB
cord-286274-1tb3uha2	314	13	on	on	IN
cord-286274-1tb3uha2	314	14	the	the	DT
cord-286274-1tb3uha2	314	15	development	development	NN
cord-286274-1tb3uha2	314	16	of	of	IN
cord-286274-1tb3uha2	314	17	foreign	foreign	JJ
cord-286274-1tb3uha2	314	18	tourist	tourist	NN
cord-286274-1tb3uha2	314	19	markets	market	NNS
cord-286274-1tb3uha2	314	20	and	and	CC
cord-286274-1tb3uha2	314	21	economic	economic	JJ
cord-286274-1tb3uha2	314	22	conditions	condition	NNS
cord-286274-1tb3uha2	314	23	.	.	.
cord-286274-1tb3uha2	315	1	These	these	DT
cord-286274-1tb3uha2	315	2	results	result	NNS
cord-286274-1tb3uha2	315	3	also	also	RB
cord-286274-1tb3uha2	315	4	support	support	VBP
cord-286274-1tb3uha2	315	5	the	the	DT
cord-286274-1tb3uha2	315	6	assumption	assumption	NN
cord-286274-1tb3uha2	315	7	that	that	IN
cord-286274-1tb3uha2	315	8	the	the	DT
cord-286274-1tb3uha2	315	9	growth	growth	NN
cord-286274-1tb3uha2	315	10	of	of	IN
cord-286274-1tb3uha2	315	11	total	total	JJ
cord-286274-1tb3uha2	315	12	foreign	foreign	JJ
cord-286274-1tb3uha2	315	13	tourist	tourist	NN
cord-286274-1tb3uha2	315	14	arrivals	arrival	NNS
cord-286274-1tb3uha2	315	15	should	should	MD
cord-286274-1tb3uha2	315	16	have	have	VB
cord-286274-1tb3uha2	315	17	a	a	DT
cord-286274-1tb3uha2	315	18	direct	direct	JJ
cord-286274-1tb3uha2	315	19	and	and	CC
cord-286274-1tb3uha2	315	20	beneficial	beneficial	JJ
cord-286274-1tb3uha2	315	21	influence	influence	NN
cord-286274-1tb3uha2	315	22	on	on	IN
cord-286274-1tb3uha2	315	23	corporate	corporate	JJ
cord-286274-1tb3uha2	315	24	performance	performance	NN
cord-286274-1tb3uha2	315	25	of	of	IN
cord-286274-1tb3uha2	315	26	tourism	tourism	NN
cord-286274-1tb3uha2	315	27	-	-	HYPH
cord-286274-1tb3uha2	315	28	related	relate	VBN
cord-286274-1tb3uha2	315	29	companies	company	NNS
cord-286274-1tb3uha2	315	30	.	.	.
cord-286274-1tb3uha2	316	1	Both	both	DT
cord-286274-1tb3uha2	316	2	economic	economic	JJ
cord-286274-1tb3uha2	316	3	and	and	CC
cord-286274-1tb3uha2	316	4	industry	industry	NN
cord-286274-1tb3uha2	316	5	factors	factor	NNS
cord-286274-1tb3uha2	316	6	are	be	VBP
cord-286274-1tb3uha2	316	7	found	find	VBN
cord-286274-1tb3uha2	316	8	to	to	TO
cord-286274-1tb3uha2	316	9	have	have	VB
cord-286274-1tb3uha2	316	10	a	a	DT
cord-286274-1tb3uha2	316	11	positive	positive	JJ
cord-286274-1tb3uha2	316	12	impact	impact	NN
cord-286274-1tb3uha2	316	13	on	on	IN
cord-286274-1tb3uha2	316	14	hotels	hotel	NNS
cord-286274-1tb3uha2	316	15	'	'	POS
cord-286274-1tb3uha2	316	16	ROA	ROA	NNP
cord-286274-1tb3uha2	316	17	and	and	CC
cord-286274-1tb3uha2	316	18	ROE	ROE	NNP
cord-286274-1tb3uha2	316	19	,	,	,
cord-286274-1tb3uha2	316	20	but	but	CC
cord-286274-1tb3uha2	316	21	only	only	RB
cord-286274-1tb3uha2	316	22	the	the	DT
cord-286274-1tb3uha2	316	23	influence	influence	NN
cord-286274-1tb3uha2	316	24	of	of	IN
cord-286274-1tb3uha2	316	25	tourism	tourism	NN
cord-286274-1tb3uha2	316	26	expansion	expansion	NN
cord-286274-1tb3uha2	316	27	is	be	VBZ
cord-286274-1tb3uha2	316	28	statistically	statistically	RB
cord-286274-1tb3uha2	316	29	significant	significant	JJ
cord-286274-1tb3uha2	316	30	.	.	.
cord-286274-1tb3uha2	317	1	That	that	RB
cord-286274-1tb3uha2	317	2	is	is	RB
cord-286274-1tb3uha2	317	3	,	,	,
cord-286274-1tb3uha2	317	4	the	the	DT
cord-286274-1tb3uha2	317	5	profitability	profitability	NN
cord-286274-1tb3uha2	317	6	of	of	IN
cord-286274-1tb3uha2	317	7	tourist	tourist	NN
cord-286274-1tb3uha2	317	8	hotels	hotel	NNS
cord-286274-1tb3uha2	317	9	in	in	IN
cord-286274-1tb3uha2	317	10	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	317	11	is	be	VBZ
cord-286274-1tb3uha2	317	12	more	more	RBR
cord-286274-1tb3uha2	317	13	closely	closely	RB
cord-286274-1tb3uha2	317	14	related	related	JJ
cord-286274-1tb3uha2	317	15	to	to	IN
cord-286274-1tb3uha2	317	16	the	the	DT
cord-286274-1tb3uha2	317	17	industry	industry	NN
cord-286274-1tb3uha2	317	18	factor	factor	NN
cord-286274-1tb3uha2	317	19	rather	rather	RB
cord-286274-1tb3uha2	317	20	than	than	IN
cord-286274-1tb3uha2	317	21	economic	economic	JJ
cord-286274-1tb3uha2	317	22	factor	factor	NN
cord-286274-1tb3uha2	317	23	,	,	,
cord-286274-1tb3uha2	317	24	and	and	CC
cord-286274-1tb3uha2	317	25	the	the	DT
cord-286274-1tb3uha2	317	26	development	development	NN
cord-286274-1tb3uha2	317	27	of	of	IN
cord-286274-1tb3uha2	317	28	foreign	foreign	JJ
cord-286274-1tb3uha2	317	29	tourist	tourist	NN
cord-286274-1tb3uha2	317	30	market	market	NN
cord-286274-1tb3uha2	317	31	displays	display	VBZ
cord-286274-1tb3uha2	317	32	a	a	DT
cord-286274-1tb3uha2	317	33	greater	great	JJR
cord-286274-1tb3uha2	317	34	impact	impact	NN
cord-286274-1tb3uha2	317	35	on	on	IN
cord-286274-1tb3uha2	317	36	the	the	DT
cord-286274-1tb3uha2	317	37	profitability	profitability	NN
cord-286274-1tb3uha2	317	38	of	of	IN
cord-286274-1tb3uha2	317	39	tourist	tourist	NN
cord-286274-1tb3uha2	317	40	hotels	hotel	NNS
cord-286274-1tb3uha2	317	41	.	.	.
cord-286274-1tb3uha2	318	1	In	in	IN
cord-286274-1tb3uha2	318	2	specific	specific	JJ
cord-286274-1tb3uha2	318	3	,	,	,
cord-286274-1tb3uha2	318	4	tourism	tourism	NN
cord-286274-1tb3uha2	318	5	expansion	expansion	NN
cord-286274-1tb3uha2	318	6	can	can	MD
cord-286274-1tb3uha2	318	7	account	account	VB
cord-286274-1tb3uha2	318	8	for	for	IN
cord-286274-1tb3uha2	318	9	more	more	JJR
cord-286274-1tb3uha2	318	10	than	than	IN
cord-286274-1tb3uha2	318	11	47	47	CD
cord-286274-1tb3uha2	318	12	%	%	NN
cord-286274-1tb3uha2	318	13	and	and	CC
cord-286274-1tb3uha2	318	14	45	45	CD
cord-286274-1tb3uha2	318	15	%	%	NN
cord-286274-1tb3uha2	318	16	of	of	IN
cord-286274-1tb3uha2	318	17	variation	variation	NN
cord-286274-1tb3uha2	318	18	in	in	IN
cord-286274-1tb3uha2	318	19	ROA	ROA	NNP
cord-286274-1tb3uha2	318	20	and	and	CC
cord-286274-1tb3uha2	318	21	ROE	ROE	NNP
cord-286274-1tb3uha2	318	22	of	of	IN
cord-286274-1tb3uha2	318	23	tourist	tourist	NN
cord-286274-1tb3uha2	318	24	hotels	hotel	NNS
cord-286274-1tb3uha2	318	25	,	,	,
cord-286274-1tb3uha2	318	26	respectively	respectively	RB
cord-286274-1tb3uha2	318	27	.	.	.
cord-286274-1tb3uha2	319	1	While	while	IN
cord-286274-1tb3uha2	319	2	shifts	shift	NNS
cord-286274-1tb3uha2	319	3	in	in	IN
cord-286274-1tb3uha2	319	4	economic	economic	JJ
cord-286274-1tb3uha2	319	5	condition	condition	NN
cord-286274-1tb3uha2	319	6	can	can	MD
cord-286274-1tb3uha2	319	7	strongly	strongly	RB
cord-286274-1tb3uha2	319	8	affect	affect	VB
cord-286274-1tb3uha2	319	9	sales	sale	NNS
cord-286274-1tb3uha2	319	10	revenue	revenue	NN
cord-286274-1tb3uha2	319	11	of	of	IN
cord-286274-1tb3uha2	319	12	tourist	tourist	NN
cord-286274-1tb3uha2	319	13	hotels	hotel	NNS
cord-286274-1tb3uha2	319	14	,	,	,
cord-286274-1tb3uha2	319	15	they	-PRON-	PRP
cord-286274-1tb3uha2	319	16	exhibits	exhibit	VBZ
cord-286274-1tb3uha2	319	17	no	no	DT
cord-286274-1tb3uha2	319	18	substantial	substantial	JJ
cord-286274-1tb3uha2	319	19	influence	influence	NN
cord-286274-1tb3uha2	319	20	on	on	IN
cord-286274-1tb3uha2	319	21	the	the	DT
cord-286274-1tb3uha2	319	22	profitability	profitability	NN
cord-286274-1tb3uha2	319	23	.	.	.
cord-286274-1tb3uha2	320	1	Stock	stock	NN
cord-286274-1tb3uha2	320	2	performance	performance	NN
cord-286274-1tb3uha2	320	3	of	of	IN
cord-286274-1tb3uha2	320	4	tourist	tourist	NN
cord-286274-1tb3uha2	320	5	hotels	hotel	NNS
cord-286274-1tb3uha2	320	6	,	,	,
cord-286274-1tb3uha2	320	7	however	however	RB
cord-286274-1tb3uha2	320	8	,	,	,
cord-286274-1tb3uha2	320	9	is	be	VBZ
cord-286274-1tb3uha2	320	10	found	find	VBN
cord-286274-1tb3uha2	320	11	to	to	TO
cord-286274-1tb3uha2	320	12	be	be	VB
cord-286274-1tb3uha2	320	13	not	not	RB
cord-286274-1tb3uha2	320	14	significantly	significantly	RB
cord-286274-1tb3uha2	320	15	linked	link	VBN
cord-286274-1tb3uha2	320	16	to	to	IN
cord-286274-1tb3uha2	320	17	changes	change	NNS
cord-286274-1tb3uha2	320	18	in	in	IN
cord-286274-1tb3uha2	320	19	both	both	DT
cord-286274-1tb3uha2	320	20	economic	economic	JJ
cord-286274-1tb3uha2	320	21	condition	condition	NN
cord-286274-1tb3uha2	320	22	and	and	CC
cord-286274-1tb3uha2	320	23	inflow	inflow	NN
cord-286274-1tb3uha2	320	24	of	of	IN
cord-286274-1tb3uha2	320	25	foreign	foreign	JJ
cord-286274-1tb3uha2	320	26	tourists	tourist	NNS
cord-286274-1tb3uha2	320	27	.	.	.
cord-286274-1tb3uha2	321	1	The	the	DT
cord-286274-1tb3uha2	321	2	insignificant	insignificant	JJ
cord-286274-1tb3uha2	321	3	impact	impact	NN
cord-286274-1tb3uha2	321	4	of	of	IN
cord-286274-1tb3uha2	321	5	economic	economic	JJ
cord-286274-1tb3uha2	321	6	and	and	CC
cord-286274-1tb3uha2	321	7	tourism	tourism	NN
cord-286274-1tb3uha2	321	8	growth	growth	NN
cord-286274-1tb3uha2	321	9	on	on	IN
cord-286274-1tb3uha2	321	10	hotel	hotel	NN
cord-286274-1tb3uha2	321	11	stock	stock	NN
cord-286274-1tb3uha2	321	12	returns	return	NNS
cord-286274-1tb3uha2	321	13	might	may	MD
cord-286274-1tb3uha2	321	14	be	be	VB
cord-286274-1tb3uha2	321	15	attributable	attributable	JJ
cord-286274-1tb3uha2	321	16	to	to	IN
cord-286274-1tb3uha2	321	17	a	a	DT
cord-286274-1tb3uha2	321	18	time	time	NN
cord-286274-1tb3uha2	321	19	-	-	HYPH
cord-286274-1tb3uha2	321	20	varying	vary	VBG
cord-286274-1tb3uha2	321	21	discount	discount	NN
cord-286274-1tb3uha2	321	22	rate	rate	NN
cord-286274-1tb3uha2	321	23	caused	cause	VBN
cord-286274-1tb3uha2	321	24	by	by	IN
cord-286274-1tb3uha2	321	25	investors	investor	NNS
cord-286274-1tb3uha2	321	26	'	'	POS
cord-286274-1tb3uha2	321	27	changing	change	VBG
cord-286274-1tb3uha2	321	28	perceptions	perception	NNS
cord-286274-1tb3uha2	321	29	about	about	IN
cord-286274-1tb3uha2	321	30	the	the	DT
cord-286274-1tb3uha2	321	31	riskiness	riskiness	NN
cord-286274-1tb3uha2	321	32	of	of	IN
cord-286274-1tb3uha2	321	33	cash	cash	NN
cord-286274-1tb3uha2	321	34	flows	flow	NNS
cord-286274-1tb3uha2	321	35	.	.	.
cord-286274-1tb3uha2	322	1	Note	note	VB
cord-286274-1tb3uha2	322	2	that	that	IN
cord-286274-1tb3uha2	322	3	variations	variation	NNS
cord-286274-1tb3uha2	322	4	in	in	IN
cord-286274-1tb3uha2	322	5	stock	stock	NN
cord-286274-1tb3uha2	322	6	prices	price	NNS
cord-286274-1tb3uha2	322	7	,	,	,
cord-286274-1tb3uha2	322	8	according	accord	VBG
cord-286274-1tb3uha2	322	9	to	to	IN
cord-286274-1tb3uha2	322	10	the	the	DT
cord-286274-1tb3uha2	322	11	basic	basic	JJ
cord-286274-1tb3uha2	322	12	stock	stock	NN
cord-286274-1tb3uha2	322	13	valuation	valuation	NN
cord-286274-1tb3uha2	322	14	model	model	NN
cord-286274-1tb3uha2	322	15	,	,	,
cord-286274-1tb3uha2	322	16	reflect	reflect	VB
cord-286274-1tb3uha2	322	17	changes	change	NNS
cord-286274-1tb3uha2	322	18	in	in	IN
cord-286274-1tb3uha2	322	19	both	both	DT
cord-286274-1tb3uha2	322	20	expected	expect	VBN
cord-286274-1tb3uha2	322	21	cash	cash	NN
cord-286274-1tb3uha2	322	22	flows	flow	NNS
cord-286274-1tb3uha2	322	23	and	and	CC
cord-286274-1tb3uha2	322	24	the	the	DT
cord-286274-1tb3uha2	322	25	discount	discount	NN
cord-286274-1tb3uha2	322	26	factor	factor	NN
cord-286274-1tb3uha2	322	27	(	(	-LRB-
cord-286274-1tb3uha2	322	28	perceived	perceive	VBN
cord-286274-1tb3uha2	322	29	riskiness	riskiness	NN
cord-286274-1tb3uha2	322	30	of	of	IN
cord-286274-1tb3uha2	322	31	a	a	DT
cord-286274-1tb3uha2	322	32	stock	stock	NN
cord-286274-1tb3uha2	322	33	's	's	POS
cord-286274-1tb3uha2	322	34	cash	cash	NN
cord-286274-1tb3uha2	322	35	flows	flow	NNS
cord-286274-1tb3uha2	322	36	)	)	-RRB-
cord-286274-1tb3uha2	322	37	.	.	.
cord-286274-1tb3uha2	323	1	While	while	IN
cord-286274-1tb3uha2	323	2	the	the	DT
cord-286274-1tb3uha2	323	3	booming	booming	JJ
cord-286274-1tb3uha2	323	4	economy	economy	NN
cord-286274-1tb3uha2	323	5	and	and	CC
cord-286274-1tb3uha2	323	6	especially	especially	RB
cord-286274-1tb3uha2	323	7	strong	strong	JJ
cord-286274-1tb3uha2	323	8	tourism	tourism	NN
cord-286274-1tb3uha2	323	9	expansion	expansion	NN
cord-286274-1tb3uha2	323	10	can	can	MD
cord-286274-1tb3uha2	323	11	impact	impact	VB
cord-286274-1tb3uha2	323	12	hotel	hotel	NN
cord-286274-1tb3uha2	323	13	stock	stock	NN
cord-286274-1tb3uha2	323	14	prices	price	NNS
cord-286274-1tb3uha2	323	15	majorly	majorly	RB
cord-286274-1tb3uha2	323	16	through	through	IN
cord-286274-1tb3uha2	323	17	their	-PRON-	PRP$
cord-286274-1tb3uha2	323	18	influences	influence	NNS
cord-286274-1tb3uha2	323	19	on	on	IN
cord-286274-1tb3uha2	323	20	sales	sale	NNS
cord-286274-1tb3uha2	323	21	revenue	revenue	NN
cord-286274-1tb3uha2	323	22	of	of	IN
cord-286274-1tb3uha2	323	23	tourist	tourist	NN
cord-286274-1tb3uha2	323	24	hotels	hotel	NNS
cord-286274-1tb3uha2	323	25	as	as	IN
cord-286274-1tb3uha2	323	26	illustrated	illustrate	VBN
cord-286274-1tb3uha2	323	27	above	above	RB
cord-286274-1tb3uha2	323	28	,	,	,
cord-286274-1tb3uha2	323	29	investors	investor	NNS
cord-286274-1tb3uha2	323	30	'	'	POS
cord-286274-1tb3uha2	323	31	changing	change	VBG
cord-286274-1tb3uha2	323	32	perceptions	perception	NNS
cord-286274-1tb3uha2	323	33	about	about	IN
cord-286274-1tb3uha2	323	34	the	the	DT
cord-286274-1tb3uha2	323	35	riskiness	riskiness	NN
cord-286274-1tb3uha2	323	36	of	of	IN
cord-286274-1tb3uha2	323	37	cash	cash	NN
cord-286274-1tb3uha2	323	38	flows	flow	NNS
cord-286274-1tb3uha2	323	39	can	can	MD
cord-286274-1tb3uha2	323	40	lead	lead	VB
cord-286274-1tb3uha2	323	41	to	to	IN
cord-286274-1tb3uha2	323	42	changes	change	NNS
cord-286274-1tb3uha2	323	43	in	in	IN
cord-286274-1tb3uha2	323	44	the	the	DT
cord-286274-1tb3uha2	323	45	discount	discount	NN
cord-286274-1tb3uha2	323	46	rate	rate	NN
cord-286274-1tb3uha2	323	47	(	(	-LRB-
cord-286274-1tb3uha2	323	48	or	or	CC
cord-286274-1tb3uha2	323	49	the	the	DT
cord-286274-1tb3uha2	323	50	time	time	NN
cord-286274-1tb3uha2	323	51	-	-	HYPH
cord-286274-1tb3uha2	323	52	varying	vary	VBG
cord-286274-1tb3uha2	323	53	discount	discount	NN
cord-286274-1tb3uha2	323	54	rate	rate	NN
cord-286274-1tb3uha2	323	55	)	)	-RRB-
cord-286274-1tb3uha2	323	56	.	.	.
cord-286274-1tb3uha2	324	1	Hence	hence	RB
cord-286274-1tb3uha2	324	2	,	,	,
cord-286274-1tb3uha2	324	3	the	the	DT
cord-286274-1tb3uha2	324	4	time	time	NN
cord-286274-1tb3uha2	324	5	-	-	HYPH
cord-286274-1tb3uha2	324	6	varying	vary	VBG
cord-286274-1tb3uha2	324	7	discount	discount	NN
cord-286274-1tb3uha2	324	8	rate	rate	NN
cord-286274-1tb3uha2	324	9	,	,	,
cord-286274-1tb3uha2	324	10	caused	cause	VBN
cord-286274-1tb3uha2	324	11	by	by	IN
cord-286274-1tb3uha2	324	12	investors	investor	NNS
cord-286274-1tb3uha2	324	13	'	'	POS
cord-286274-1tb3uha2	324	14	changing	change	VBG
cord-286274-1tb3uha2	324	15	perceptions	perception	NNS
cord-286274-1tb3uha2	324	16	about	about	IN
cord-286274-1tb3uha2	324	17	the	the	DT
cord-286274-1tb3uha2	324	18	riskiness	riskiness	NN
cord-286274-1tb3uha2	324	19	of	of	IN
cord-286274-1tb3uha2	324	20	cash	cash	NN
cord-286274-1tb3uha2	324	21	flows	flow	NNS
cord-286274-1tb3uha2	324	22	,	,	,
cord-286274-1tb3uha2	324	23	can	can	MD
cord-286274-1tb3uha2	324	24	break	break	VB
cord-286274-1tb3uha2	324	25	the	the	DT
cord-286274-1tb3uha2	324	26	tie	tie	NN
cord-286274-1tb3uha2	324	27	between	between	IN
cord-286274-1tb3uha2	324	28	hotel	hotel	NN
cord-286274-1tb3uha2	324	29	stock	stock	NN
cord-286274-1tb3uha2	324	30	returns	return	NNS
cord-286274-1tb3uha2	324	31	and	and	CC
cord-286274-1tb3uha2	324	32	the	the	DT
cord-286274-1tb3uha2	324	33	two	two	CD
cord-286274-1tb3uha2	324	34	factors	factor	NNS
cord-286274-1tb3uha2	324	35	,	,	,
cord-286274-1tb3uha2	324	36	regardless	regardless	RB
cord-286274-1tb3uha2	324	37	of	of	IN
cord-286274-1tb3uha2	324	38	how	how	WRB
cord-286274-1tb3uha2	324	39	good	good	JJ
cord-286274-1tb3uha2	324	40	the	the	DT
cord-286274-1tb3uha2	324	41	state	state	NN
cord-286274-1tb3uha2	324	42	of	of	IN
cord-286274-1tb3uha2	324	43	economy	economy	NN
cord-286274-1tb3uha2	324	44	and	and	CC
cord-286274-1tb3uha2	324	45	how	how	WRB
cord-286274-1tb3uha2	324	46	successful	successful	JJ
cord-286274-1tb3uha2	324	47	tourism	tourism	NN
cord-286274-1tb3uha2	324	48	development	development	NN
cord-286274-1tb3uha2	324	49	can	can	MD
cord-286274-1tb3uha2	324	50	be	be	VB
cord-286274-1tb3uha2	324	51	in	in	IN
cord-286274-1tb3uha2	324	52	improving	improve	VBG
cord-286274-1tb3uha2	324	53	earnings	earning	NNS
cord-286274-1tb3uha2	324	54	performance	performance	NN
cord-286274-1tb3uha2	324	55	.	.	.
cord-286274-1tb3uha2	325	1	In	in	IN
cord-286274-1tb3uha2	325	2	addition	addition	NN
cord-286274-1tb3uha2	325	3	,	,	,
cord-286274-1tb3uha2	325	4	both	both	CC
cord-286274-1tb3uha2	325	5	economic	economic	JJ
cord-286274-1tb3uha2	325	6	and	and	CC
cord-286274-1tb3uha2	325	7	industry	industry	NN
cord-286274-1tb3uha2	325	8	factors	factor	NNS
cord-286274-1tb3uha2	325	9	are	be	VBP
cord-286274-1tb3uha2	325	10	positive	positive	JJ
cord-286274-1tb3uha2	325	11	and	and	CC
cord-286274-1tb3uha2	325	12	significant	significant	JJ
cord-286274-1tb3uha2	325	13	explanatory	explanatory	JJ
cord-286274-1tb3uha2	325	14	variables	variable	NNS
cord-286274-1tb3uha2	325	15	of	of	IN
cord-286274-1tb3uha2	325	16	the	the	DT
cord-286274-1tb3uha2	325	17	overall	overall	JJ
cord-286274-1tb3uha2	325	18	financial	financial	JJ
cord-286274-1tb3uha2	325	19	performance	performance	NN
cord-286274-1tb3uha2	325	20	of	of	IN
cord-286274-1tb3uha2	325	21	tourist	tourist	NN
cord-286274-1tb3uha2	325	22	hotels	hotel	NNS
cord-286274-1tb3uha2	325	23	.	.	.
cord-286274-1tb3uha2	326	1	This	this	DT
cord-286274-1tb3uha2	326	2	indicates	indicate	VBZ
cord-286274-1tb3uha2	326	3	that	that	IN
cord-286274-1tb3uha2	326	4	a	a	DT
cord-286274-1tb3uha2	326	5	better	well	JJR
cord-286274-1tb3uha2	326	6	economic	economic	JJ
cord-286274-1tb3uha2	326	7	climate	climate	NN
cord-286274-1tb3uha2	326	8	and	and	CC
cord-286274-1tb3uha2	326	9	tourist	tourist	NN
cord-286274-1tb3uha2	326	10	market	market	NN
cord-286274-1tb3uha2	326	11	development	development	NN
cord-286274-1tb3uha2	326	12	can	can	MD
cord-286274-1tb3uha2	326	13	improve	improve	VB
cord-286274-1tb3uha2	326	14	the	the	DT
cord-286274-1tb3uha2	326	15	financial	financial	JJ
cord-286274-1tb3uha2	326	16	health	health	NN
cord-286274-1tb3uha2	326	17	of	of	IN
cord-286274-1tb3uha2	326	18	tourist	tourist	NN
cord-286274-1tb3uha2	326	19	hotels	hotel	NNS
cord-286274-1tb3uha2	326	20	.	.	.
cord-286274-1tb3uha2	327	1	Moreover	moreover	RB
cord-286274-1tb3uha2	327	2	,	,	,
cord-286274-1tb3uha2	327	3	the	the	DT
cord-286274-1tb3uha2	327	4	economic	economic	JJ
cord-286274-1tb3uha2	327	5	factor	factor	NN
cord-286274-1tb3uha2	327	6	can	can	MD
cord-286274-1tb3uha2	327	7	explain	explain	VB
cord-286274-1tb3uha2	327	8	a	a	DT
cord-286274-1tb3uha2	327	9	slightly	slightly	RB
cord-286274-1tb3uha2	327	10	more	more	JJR
cord-286274-1tb3uha2	327	11	percentage	percentage	NN
cord-286274-1tb3uha2	327	12	of	of	IN
cord-286274-1tb3uha2	327	13	variation	variation	NN
cord-286274-1tb3uha2	327	14	in	in	IN
cord-286274-1tb3uha2	327	15	the	the	DT
cord-286274-1tb3uha2	327	16	overall	overall	JJ
cord-286274-1tb3uha2	327	17	financial	financial	JJ
cord-286274-1tb3uha2	327	18	performance	performance	NN
cord-286274-1tb3uha2	327	19	of	of	IN
cord-286274-1tb3uha2	327	20	tourist	tourist	NN
cord-286274-1tb3uha2	327	21	hotels	hotel	NNS
cord-286274-1tb3uha2	327	22	than	than	IN
cord-286274-1tb3uha2	327	23	the	the	DT
cord-286274-1tb3uha2	327	24	industry	industry	NN
cord-286274-1tb3uha2	327	25	factor	factor	NN
cord-286274-1tb3uha2	327	26	.	.	.
cord-286274-1tb3uha2	328	1	The	the	DT
cord-286274-1tb3uha2	328	2	economic	economic	JJ
cord-286274-1tb3uha2	328	3	growth	growth	NN
cord-286274-1tb3uha2	328	4	factor	factor	NN
cord-286274-1tb3uha2	328	5	accounts	account	VBZ
cord-286274-1tb3uha2	328	6	for	for	IN
cord-286274-1tb3uha2	328	7	about	about	IN
cord-286274-1tb3uha2	328	8	9	9	CD
cord-286274-1tb3uha2	328	9	%	%	NN
cord-286274-1tb3uha2	328	10	and	and	CC
cord-286274-1tb3uha2	328	11	the	the	DT
cord-286274-1tb3uha2	328	12	tourism	tourism	NN
cord-286274-1tb3uha2	328	13	expansion	expansion	NN
cord-286274-1tb3uha2	328	14	factor	factor	NN
cord-286274-1tb3uha2	328	15	accounts	account	VBZ
cord-286274-1tb3uha2	328	16	for	for	IN
cord-286274-1tb3uha2	328	17	about	about	IN
cord-286274-1tb3uha2	328	18	8	8	CD
cord-286274-1tb3uha2	328	19	%	%	NN
cord-286274-1tb3uha2	328	20	.	.	.
cord-286274-1tb3uha2	329	1	Nonetheless	nonetheless	RB
cord-286274-1tb3uha2	329	2	,	,	,
cord-286274-1tb3uha2	329	3	the	the	DT
cord-286274-1tb3uha2	329	4	proportion	proportion	NN
cord-286274-1tb3uha2	329	5	of	of	IN
cord-286274-1tb3uha2	329	6	variation	variation	NN
cord-286274-1tb3uha2	329	7	in	in	IN
cord-286274-1tb3uha2	329	8	the	the	DT
cord-286274-1tb3uha2	329	9	overall	overall	JJ
cord-286274-1tb3uha2	329	10	financial	financial	JJ
cord-286274-1tb3uha2	329	11	performance	performance	NN
cord-286274-1tb3uha2	329	12	explained	explain	VBN
cord-286274-1tb3uha2	329	13	by	by	IN
cord-286274-1tb3uha2	329	14	both	both	DT
cord-286274-1tb3uha2	329	15	factors	factor	NNS
cord-286274-1tb3uha2	329	16	is	be	VBZ
cord-286274-1tb3uha2	329	17	relatively	relatively	RB
cord-286274-1tb3uha2	329	18	small	small	JJ
cord-286274-1tb3uha2	329	19	,	,	,
cord-286274-1tb3uha2	329	20	compared	compare	VBN
cord-286274-1tb3uha2	329	21	to	to	IN
cord-286274-1tb3uha2	329	22	those	those	DT
cord-286274-1tb3uha2	329	23	of	of	IN
cord-286274-1tb3uha2	329	24	variation	variation	NN
cord-286274-1tb3uha2	329	25	in	in	IN
cord-286274-1tb3uha2	329	26	occupancy	occupancy	NN
cord-286274-1tb3uha2	329	27	rate	rate	NN
cord-286274-1tb3uha2	329	28	and	and	CC
cord-286274-1tb3uha2	329	29	profitability	profitability	NN
cord-286274-1tb3uha2	329	30	.	.	.
cord-286274-1tb3uha2	330	1	Among	among	IN
cord-286274-1tb3uha2	330	2	three	three	CD
cord-286274-1tb3uha2	330	3	unexpected	unexpected	JJ
cord-286274-1tb3uha2	330	4	crisis	crisis	NN
cord-286274-1tb3uha2	330	5	events	event	NNS
cord-286274-1tb3uha2	330	6	dummy	dummy	JJ
cord-286274-1tb3uha2	330	7	variables	variable	NNS
cord-286274-1tb3uha2	330	8	,	,	,
cord-286274-1tb3uha2	330	9	the	the	DT
cord-286274-1tb3uha2	330	10	SARS	SARS	NNP
cord-286274-1tb3uha2	330	11	outbreak	outbreak	NN
cord-286274-1tb3uha2	330	12	had	have	VBD
cord-286274-1tb3uha2	330	13	the	the	DT
cord-286274-1tb3uha2	330	14	most	most	RBS
cord-286274-1tb3uha2	330	15	serious	serious	JJ
cord-286274-1tb3uha2	330	16	impact	impact	NN
cord-286274-1tb3uha2	330	17	on	on	IN
cord-286274-1tb3uha2	330	18	corporate	corporate	JJ
cord-286274-1tb3uha2	330	19	performance	performance	NN
cord-286274-1tb3uha2	330	20	in	in	IN
cord-286274-1tb3uha2	330	21	the	the	DT
cord-286274-1tb3uha2	330	22	tourist	tourist	NN
cord-286274-1tb3uha2	330	23	hotel	hotel	NN
cord-286274-1tb3uha2	330	24	industry	industry	NN
cord-286274-1tb3uha2	330	25	.	.	.
cord-286274-1tb3uha2	331	1	The	the	DT
cord-286274-1tb3uha2	331	2	SARS	SARS	NNP
cord-286274-1tb3uha2	331	3	outbreak	outbreak	NN
cord-286274-1tb3uha2	331	4	significantly	significantly	RB
cord-286274-1tb3uha2	331	5	reduced	reduce	VBD
cord-286274-1tb3uha2	331	6	the	the	DT
cord-286274-1tb3uha2	331	7	occupancy	occupancy	NN
cord-286274-1tb3uha2	331	8	rate	rate	NN
cord-286274-1tb3uha2	331	9	,	,	,
cord-286274-1tb3uha2	331	10	profitability	profitability	NN
cord-286274-1tb3uha2	331	11	,	,	,
cord-286274-1tb3uha2	331	12	stock	stock	NN
cord-286274-1tb3uha2	331	13	performance	performance	NN
cord-286274-1tb3uha2	331	14	and	and	CC
cord-286274-1tb3uha2	331	15	the	the	DT
cord-286274-1tb3uha2	331	16	performance	performance	NN
cord-286274-1tb3uha2	331	17	of	of	IN
cord-286274-1tb3uha2	331	18	tourist	tourist	NN
cord-286274-1tb3uha2	331	19	hotels	hotel	NNS
cord-286274-1tb3uha2	331	20	.	.	.
cord-286274-1tb3uha2	332	1	The	the	DT
cord-286274-1tb3uha2	332	2	911	911	CD
cord-286274-1tb3uha2	332	3	terrorist	terrorist	JJ
cord-286274-1tb3uha2	332	4	attacks	attack	NNS
cord-286274-1tb3uha2	332	5	in	in	IN
cord-286274-1tb3uha2	332	6	the	the	DT
cord-286274-1tb3uha2	332	7	US	US	NNP
cord-286274-1tb3uha2	332	8	seriously	seriously	RB
cord-286274-1tb3uha2	332	9	damaged	damage	VBD
cord-286274-1tb3uha2	332	10	the	the	DT
cord-286274-1tb3uha2	332	11	occupancy	occupancy	NN
cord-286274-1tb3uha2	332	12	rate	rate	NN
cord-286274-1tb3uha2	332	13	,	,	,
cord-286274-1tb3uha2	332	14	stock	stock	NN
cord-286274-1tb3uha2	332	15	performance	performance	NN
cord-286274-1tb3uha2	332	16	and	and	CC
cord-286274-1tb3uha2	332	17	performance	performance	NN
cord-286274-1tb3uha2	332	18	.	.	.
cord-286274-1tb3uha2	333	1	In	in	IN
cord-286274-1tb3uha2	333	2	comparison	comparison	NN
cord-286274-1tb3uha2	333	3	,	,	,
cord-286274-1tb3uha2	333	4	the	the	DT
cord-286274-1tb3uha2	333	5	921	921	CD
cord-286274-1tb3uha2	333	6	earthquake	earthquake	NN
cord-286274-1tb3uha2	333	7	only	only	RB
cord-286274-1tb3uha2	333	8	hurt	hurt	VBD
cord-286274-1tb3uha2	333	9	the	the	DT
cord-286274-1tb3uha2	333	10	hotel	hotel	NN
cord-286274-1tb3uha2	333	11	stock	stock	NN
cord-286274-1tb3uha2	333	12	returns	return	NNS
cord-286274-1tb3uha2	333	13	.	.	.
cord-286274-1tb3uha2	334	1	Since	since	IN
cord-286274-1tb3uha2	334	2	crises	crisis	NNS
cord-286274-1tb3uha2	334	3	greatly	greatly	RB
cord-286274-1tb3uha2	334	4	reduced	reduce	VBD
cord-286274-1tb3uha2	334	5	the	the	DT
cord-286274-1tb3uha2	334	6	occupancy	occupancy	NN
cord-286274-1tb3uha2	334	7	rate	rate	NN
cord-286274-1tb3uha2	334	8	(	(	-LRB-
cord-286274-1tb3uha2	334	9	i.e.	i.e.	FW
cord-286274-1tb3uha2	334	10	earnings	earning	NNS
cord-286274-1tb3uha2	334	11	revenue	revenue	NN
cord-286274-1tb3uha2	334	12	or	or	CC
cord-286274-1tb3uha2	334	13	expected	expect	VBN
cord-286274-1tb3uha2	334	14	cash	cash	NN
cord-286274-1tb3uha2	334	15	flows	flow	NNS
cord-286274-1tb3uha2	334	16	of	of	IN
cord-286274-1tb3uha2	334	17	tourist	tourist	NN
cord-286274-1tb3uha2	334	18	hotels	hotel	NNS
cord-286274-1tb3uha2	334	19	)	)	-RRB-
cord-286274-1tb3uha2	334	20	,	,	,
cord-286274-1tb3uha2	334	21	investors	investor	NNS
cord-286274-1tb3uha2	334	22	'	'	POS
cord-286274-1tb3uha2	334	23	perceived	perceive	VBN
cord-286274-1tb3uha2	334	24	riskiness	riskiness	NN
cord-286274-1tb3uha2	334	25	of	of	IN
cord-286274-1tb3uha2	334	26	cash	cash	NN
cord-286274-1tb3uha2	334	27	flows	flow	NNS
cord-286274-1tb3uha2	334	28	of	of	IN
cord-286274-1tb3uha2	334	29	hotel	hotel	NN
cord-286274-1tb3uha2	334	30	stocks	stock	NNS
cord-286274-1tb3uha2	334	31	would	would	MD
cord-286274-1tb3uha2	334	32	increase	increase	VB
cord-286274-1tb3uha2	334	33	.	.	.
cord-286274-1tb3uha2	335	1	Hence	hence	RB
cord-286274-1tb3uha2	335	2	,	,	,
cord-286274-1tb3uha2	335	3	a	a	DT
cord-286274-1tb3uha2	335	4	plunge	plunge	NN
cord-286274-1tb3uha2	335	5	in	in	IN
cord-286274-1tb3uha2	335	6	expected	expect	VBN
cord-286274-1tb3uha2	335	7	cash	cash	NN
cord-286274-1tb3uha2	335	8	flows	flow	NNS
cord-286274-1tb3uha2	335	9	and	and	CC
cord-286274-1tb3uha2	335	10	a	a	DT
cord-286274-1tb3uha2	335	11	surge	surge	NN
cord-286274-1tb3uha2	335	12	in	in	IN
cord-286274-1tb3uha2	335	13	the	the	DT
cord-286274-1tb3uha2	335	14	discount	discount	NN
cord-286274-1tb3uha2	335	15	factor	factor	NN
cord-286274-1tb3uha2	335	16	caused	cause	VBD
cord-286274-1tb3uha2	335	17	poor	poor	JJ
cord-286274-1tb3uha2	335	18	hotel	hotel	NN
cord-286274-1tb3uha2	335	19	stock	stock	NN
cord-286274-1tb3uha2	335	20	returns	return	NNS
cord-286274-1tb3uha2	335	21	.	.	.
cord-286274-1tb3uha2	336	1	These	these	DT
cord-286274-1tb3uha2	336	2	results	result	NNS
cord-286274-1tb3uha2	336	3	are	be	VBP
cord-286274-1tb3uha2	336	4	generally	generally	RB
cord-286274-1tb3uha2	336	5	consistent	consistent	JJ
cord-286274-1tb3uha2	336	6	with	with	IN
cord-286274-1tb3uha2	336	7	findings	finding	NNS
cord-286274-1tb3uha2	336	8	in	in	IN
cord-286274-1tb3uha2	336	9	Chen	Chen	NNP
cord-286274-1tb3uha2	336	10	et	et	NNP
cord-286274-1tb3uha2	336	11	al	al	NNP
cord-286274-1tb3uha2	336	12	.	.	.
cord-286274-1tb3uha2	337	1	(	(	-LRB-
cord-286274-1tb3uha2	337	2	2005	2005	CD
cord-286274-1tb3uha2	337	3	)	)	-RRB-
cord-286274-1tb3uha2	338	1	and	and	CC
cord-286274-1tb3uha2	338	2	.	.	.
cord-286274-1tb3uha2	339	1	There	there	EX
cord-286274-1tb3uha2	339	2	are	be	VBP
cord-286274-1tb3uha2	339	3	several	several	JJ
cord-286274-1tb3uha2	339	4	explanations	explanation	NNS
cord-286274-1tb3uha2	339	5	for	for	IN
cord-286274-1tb3uha2	339	6	the	the	DT
cord-286274-1tb3uha2	339	7	relatively	relatively	RB
cord-286274-1tb3uha2	339	8	weaker	weak	JJR
cord-286274-1tb3uha2	339	9	influence	influence	NN
cord-286274-1tb3uha2	339	10	of	of	IN
cord-286274-1tb3uha2	339	11	the	the	DT
cord-286274-1tb3uha2	339	12	921	921	CD
cord-286274-1tb3uha2	339	13	earthquake	earthquake	NN
cord-286274-1tb3uha2	339	14	on	on	IN
cord-286274-1tb3uha2	339	15	hotel	hotel	NN
cord-286274-1tb3uha2	339	16	performance	performance	NN
cord-286274-1tb3uha2	339	17	.	.	.
cord-286274-1tb3uha2	340	1	First	first	RB
cord-286274-1tb3uha2	340	2	,	,	,
cord-286274-1tb3uha2	340	3	while	while	IN
cord-286274-1tb3uha2	340	4	the	the	DT
cord-286274-1tb3uha2	340	5	921	921	CD
cord-286274-1tb3uha2	340	6	earthquake	earthquake	NN
cord-286274-1tb3uha2	340	7	substantially	substantially	RB
cord-286274-1tb3uha2	340	8	damaged	damage	VBD
cord-286274-1tb3uha2	340	9	the	the	DT
cord-286274-1tb3uha2	340	10	Taichung	Taichung	NNP
cord-286274-1tb3uha2	340	11	area	area	NN
cord-286274-1tb3uha2	340	12	(	(	-LRB-
cord-286274-1tb3uha2	340	13	the	the	DT
cord-286274-1tb3uha2	340	14	middle	middle	NN
cord-286274-1tb3uha2	340	15	of	of	IN
cord-286274-1tb3uha2	340	16	the	the	DT
cord-286274-1tb3uha2	340	17	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	340	18	island	island	NN
cord-286274-1tb3uha2	340	19	)	)	-RRB-
cord-286274-1tb3uha2	340	20	,	,	,
cord-286274-1tb3uha2	340	21	all	all	DT
cord-286274-1tb3uha2	340	22	five	five	CD
cord-286274-1tb3uha2	340	23	publicly	publicly	RB
cord-286274-1tb3uha2	340	24	traded	trade	VBN
cord-286274-1tb3uha2	340	25	tourist	tourist	NN
cord-286274-1tb3uha2	340	26	hotels	hotel	NNS
cord-286274-1tb3uha2	340	27	are	be	VBP
cord-286274-1tb3uha2	340	28	located	locate	VBN
cord-286274-1tb3uha2	340	29	in	in	IN
cord-286274-1tb3uha2	340	30	the	the	DT
cord-286274-1tb3uha2	340	31	Taipei	Taipei	NNP
cord-286274-1tb3uha2	340	32	area	area	NN
cord-286274-1tb3uha2	340	33	(	(	-LRB-
cord-286274-1tb3uha2	340	34	the	the	DT
cord-286274-1tb3uha2	340	35	northern	northern	JJ
cord-286274-1tb3uha2	340	36	part	part	NN
cord-286274-1tb3uha2	340	37	of	of	IN
cord-286274-1tb3uha2	340	38	the	the	DT
cord-286274-1tb3uha2	340	39	island	island	NN
cord-286274-1tb3uha2	340	40	)	)	-RRB-
cord-286274-1tb3uha2	340	41	.	.	.
cord-286274-1tb3uha2	341	1	Thus	thus	RB
cord-286274-1tb3uha2	341	2	the	the	DT
cord-286274-1tb3uha2	341	3	event	event	NN
cord-286274-1tb3uha2	341	4	had	have	VBD
cord-286274-1tb3uha2	341	5	no	no	DT
cord-286274-1tb3uha2	341	6	significant	significant	JJ
cord-286274-1tb3uha2	341	7	effect	effect	NN
cord-286274-1tb3uha2	341	8	on	on	IN
cord-286274-1tb3uha2	341	9	occupancy	occupancy	NN
cord-286274-1tb3uha2	341	10	rate	rate	NN
cord-286274-1tb3uha2	341	11	,	,	,
cord-286274-1tb3uha2	341	12	profitability	profitability	NN
cord-286274-1tb3uha2	341	13	and	and	CC
cord-286274-1tb3uha2	341	14	performance	performance	NN
cord-286274-1tb3uha2	341	15	.	.	.
cord-286274-1tb3uha2	342	1	Second	second	RB
cord-286274-1tb3uha2	342	2	,	,	,
cord-286274-1tb3uha2	342	3	the	the	DT
cord-286274-1tb3uha2	342	4	921	921	CD
cord-286274-1tb3uha2	342	5	earthquake	earthquake	NN
cord-286274-1tb3uha2	342	6	was	be	VBD
cord-286274-1tb3uha2	342	7	considered	consider	VBN
cord-286274-1tb3uha2	342	8	as	as	IN
cord-286274-1tb3uha2	342	9	a	a	DT
cord-286274-1tb3uha2	342	10	local	local	JJ
cord-286274-1tb3uha2	342	11	crisis	crisis	NN
cord-286274-1tb3uha2	342	12	,	,	,
cord-286274-1tb3uha2	342	13	one	one	CD
cord-286274-1tb3uha2	342	14	that	that	WDT
cord-286274-1tb3uha2	342	15	did	do	VBD
cord-286274-1tb3uha2	342	16	not	not	RB
cord-286274-1tb3uha2	342	17	seriously	seriously	RB
cord-286274-1tb3uha2	342	18	damage	damage	VB
cord-286274-1tb3uha2	342	19	the	the	DT
cord-286274-1tb3uha2	342	20	foreign	foreign	JJ
cord-286274-1tb3uha2	342	21	tourism	tourism	NN
cord-286274-1tb3uha2	342	22	market	market	NN
cord-286274-1tb3uha2	342	23	.	.	.
cord-286274-1tb3uha2	343	1	This	this	DT
cord-286274-1tb3uha2	343	2	is	be	VBZ
cord-286274-1tb3uha2	343	3	supported	support	VBN
cord-286274-1tb3uha2	343	4	by	by	IN
cord-286274-1tb3uha2	343	5	the	the	DT
cord-286274-1tb3uha2	343	6	statistics	statistic	NNS
cord-286274-1tb3uha2	343	7	.	.	.
cord-286274-1tb3uha2	344	1	The	the	DT
cord-286274-1tb3uha2	344	2	growth	growth	NN
cord-286274-1tb3uha2	344	3	rate	rate	NN
cord-286274-1tb3uha2	344	4	of	of	IN
cord-286274-1tb3uha2	344	5	foreign	foreign	JJ
cord-286274-1tb3uha2	344	6	tourist	tourist	NN
cord-286274-1tb3uha2	344	7	arrivals	arrival	NNS
cord-286274-1tb3uha2	344	8	was	be	VBD
cord-286274-1tb3uha2	344	9	À5.21	À5.21	NNS
cord-286274-1tb3uha2	344	10	%	%	NN
cord-286274-1tb3uha2	344	11	in	in	IN
cord-286274-1tb3uha2	344	12	the	the	DT
cord-286274-1tb3uha2	344	13	third	third	JJ
cord-286274-1tb3uha2	344	14	quarter	quarter	NN
cord-286274-1tb3uha2	344	15	of	of	IN
cord-286274-1tb3uha2	344	16	1999	1999	CD
cord-286274-1tb3uha2	344	17	(	(	-LRB-
cord-286274-1tb3uha2	344	18	when	when	WRB
cord-286274-1tb3uha2	344	19	the	the	DT
cord-286274-1tb3uha2	344	20	921	921	CD
cord-286274-1tb3uha2	344	21	earthquake	earthquake	NN
cord-286274-1tb3uha2	344	22	struck	strike	VBD
cord-286274-1tb3uha2	344	23	)	)	-RRB-
cord-286274-1tb3uha2	344	24	,	,	,
cord-286274-1tb3uha2	344	25	which	which	WDT
cord-286274-1tb3uha2	344	26	is	be	VBZ
cord-286274-1tb3uha2	344	27	relatively	relatively	RB
cord-286274-1tb3uha2	344	28	small	small	JJ
cord-286274-1tb3uha2	344	29	compared	compare	VBN
cord-286274-1tb3uha2	344	30	to	to	IN
cord-286274-1tb3uha2	344	31	À9.87	à9.87	NN
cord-286274-1tb3uha2	344	32	%	%	NN
cord-286274-1tb3uha2	344	33	and	and	CC
cord-286274-1tb3uha2	344	34	À129.05	à129.05	CD
cord-286274-1tb3uha2	344	35	%	%	NN
cord-286274-1tb3uha2	344	36	for	for	IN
cord-286274-1tb3uha2	344	37	the	the	DT
cord-286274-1tb3uha2	344	38	corresponding	corresponding	JJ
cord-286274-1tb3uha2	344	39	quarter	quarter	NN
cord-286274-1tb3uha2	344	40	of	of	IN
cord-286274-1tb3uha2	344	41	the	the	DT
cord-286274-1tb3uha2	344	42	911	911	CD
cord-286274-1tb3uha2	344	43	terrorist	terrorist	JJ
cord-286274-1tb3uha2	344	44	attacks	attack	NNS
cord-286274-1tb3uha2	344	45	in	in	IN
cord-286274-1tb3uha2	344	46	the	the	DT
cord-286274-1tb3uha2	344	47	US	US	NNP
cord-286274-1tb3uha2	344	48	and	and	CC
cord-286274-1tb3uha2	344	49	the	the	DT
cord-286274-1tb3uha2	344	50	SARS	SARS	NNP
cord-286274-1tb3uha2	344	51	outbreak	outbreak	NN
cord-286274-1tb3uha2	344	52	.	.	.
cord-286274-1tb3uha2	345	1	Since	since	IN
cord-286274-1tb3uha2	345	2	the	the	DT
cord-286274-1tb3uha2	345	3	growth	growth	NN
cord-286274-1tb3uha2	345	4	rate	rate	NN
cord-286274-1tb3uha2	345	5	of	of	IN
cord-286274-1tb3uha2	345	6	foreign	foreign	JJ
cord-286274-1tb3uha2	345	7	tourist	tourist	NN
cord-286274-1tb3uha2	345	8	arrivals	arrival	NNS
cord-286274-1tb3uha2	345	9	has	have	VBZ
cord-286274-1tb3uha2	345	10	a	a	DT
cord-286274-1tb3uha2	345	11	substantial	substantial	JJ
cord-286274-1tb3uha2	345	12	influence	influence	NN
cord-286274-1tb3uha2	345	13	on	on	IN
cord-286274-1tb3uha2	345	14	corporate	corporate	JJ
cord-286274-1tb3uha2	345	15	performance	performance	NN
cord-286274-1tb3uha2	345	16	of	of	IN
cord-286274-1tb3uha2	345	17	tourist	tourist	NN
cord-286274-1tb3uha2	345	18	hotels	hotel	NNS
cord-286274-1tb3uha2	345	19	,	,	,
cord-286274-1tb3uha2	345	20	it	-PRON-	PRP
cord-286274-1tb3uha2	345	21	explains	explain	VBZ
cord-286274-1tb3uha2	345	22	why	why	WRB
cord-286274-1tb3uha2	345	23	the	the	DT
cord-286274-1tb3uha2	345	24	damage	damage	NN
cord-286274-1tb3uha2	345	25	of	of	IN
cord-286274-1tb3uha2	345	26	the	the	DT
cord-286274-1tb3uha2	345	27	921	921	CD
cord-286274-1tb3uha2	345	28	earthquake	earthquake	NN
cord-286274-1tb3uha2	345	29	and	and	CC
cord-286274-1tb3uha2	345	30	the	the	DT
cord-286274-1tb3uha2	345	31	SARS	SARS	NNP
cord-286274-1tb3uha2	345	32	outbreak	outbreak	NN
cord-286274-1tb3uha2	345	33	is	be	VBZ
cord-286274-1tb3uha2	345	34	the	the	DT
cord-286274-1tb3uha2	345	35	least	least	JJS
cord-286274-1tb3uha2	345	36	and	and	CC
cord-286274-1tb3uha2	345	37	the	the	DT
cord-286274-1tb3uha2	345	38	most	most	RBS
cord-286274-1tb3uha2	345	39	serious	serious	JJ
cord-286274-1tb3uha2	345	40	,	,	,
cord-286274-1tb3uha2	345	41	respectively	respectively	RB
cord-286274-1tb3uha2	345	42	.	.	.
cord-286274-1tb3uha2	346	1	Empirical	empirical	JJ
cord-286274-1tb3uha2	346	2	findings	finding	NNS
cord-286274-1tb3uha2	346	3	also	also	RB
cord-286274-1tb3uha2	346	4	offer	offer	VBP
cord-286274-1tb3uha2	346	5	valuable	valuable	JJ
cord-286274-1tb3uha2	346	6	information	information	NN
cord-286274-1tb3uha2	346	7	and	and	CC
cord-286274-1tb3uha2	346	8	implications	implication	NNS
cord-286274-1tb3uha2	346	9	for	for	IN
cord-286274-1tb3uha2	346	10	government	government	NN
cord-286274-1tb3uha2	346	11	,	,	,
cord-286274-1tb3uha2	346	12	tourism	tourism	NN
cord-286274-1tb3uha2	346	13	policymakers	policymaker	NNS
cord-286274-1tb3uha2	346	14	,	,	,
cord-286274-1tb3uha2	346	15	tourist	tourist	NN
cord-286274-1tb3uha2	346	16	hotel	hotel	NN
cord-286274-1tb3uha2	346	17	owners	owner	NNS
cord-286274-1tb3uha2	346	18	,	,	,
cord-286274-1tb3uha2	346	19	and	and	CC
cord-286274-1tb3uha2	346	20	managers	manager	NNS
cord-286274-1tb3uha2	346	21	in	in	IN
cord-286274-1tb3uha2	346	22	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	346	23	.	.	.
cord-286274-1tb3uha2	347	1	First	first	RB
cord-286274-1tb3uha2	347	2	,	,	,
cord-286274-1tb3uha2	347	3	although	although	IN
cord-286274-1tb3uha2	347	4	the	the	DT
cord-286274-1tb3uha2	347	5	internal	internal	JJ
cord-286274-1tb3uha2	347	6	factor	factor	NN
cord-286274-1tb3uha2	347	7	,	,	,
cord-286274-1tb3uha2	347	8	hotel	hotel	NN
cord-286274-1tb3uha2	347	9	size	size	NN
cord-286274-1tb3uha2	347	10	,	,	,
cord-286274-1tb3uha2	347	11	can	can	MD
cord-286274-1tb3uha2	347	12	have	have	VB
cord-286274-1tb3uha2	347	13	a	a	DT
cord-286274-1tb3uha2	347	14	positive	positive	JJ
cord-286274-1tb3uha2	347	15	impact	impact	NN
cord-286274-1tb3uha2	347	16	on	on	IN
cord-286274-1tb3uha2	347	17	occupancy	occupancy	NN
cord-286274-1tb3uha2	347	18	rate	rate	NN
cord-286274-1tb3uha2	347	19	,	,	,
cord-286274-1tb3uha2	347	20	it	-PRON-	PRP
cord-286274-1tb3uha2	347	21	is	be	VBZ
cord-286274-1tb3uha2	347	22	negatively	negatively	RB
cord-286274-1tb3uha2	347	23	related	relate	VBN
cord-286274-1tb3uha2	347	24	to	to	IN
cord-286274-1tb3uha2	347	25	profitability	profitability	NN
cord-286274-1tb3uha2	347	26	and	and	CC
cord-286274-1tb3uha2	347	27	the	the	DT
cord-286274-1tb3uha2	347	28	performance	performance	NN
cord-286274-1tb3uha2	347	29	of	of	IN
cord-286274-1tb3uha2	347	30	tourist	tourist	NN
cord-286274-1tb3uha2	347	31	hotels	hotel	NNS
cord-286274-1tb3uha2	347	32	.	.	.
cord-286274-1tb3uha2	348	1	In	in	IN
cord-286274-1tb3uha2	348	2	other	other	JJ
cord-286274-1tb3uha2	348	3	words	word	NNS
cord-286274-1tb3uha2	348	4	,	,	,
cord-286274-1tb3uha2	348	5	large	large	JJ
cord-286274-1tb3uha2	348	6	tourist	tourist	NN
cord-286274-1tb3uha2	348	7	hotels	hotel	NNS
cord-286274-1tb3uha2	348	8	generate	generate	VBP
cord-286274-1tb3uha2	348	9	better	well	JJR
cord-286274-1tb3uha2	348	10	sales	sale	NNS
cord-286274-1tb3uha2	348	11	,	,	,
cord-286274-1tb3uha2	348	12	but	but	CC
cord-286274-1tb3uha2	348	13	worse	bad	JJR
cord-286274-1tb3uha2	348	14	corporate	corporate	JJ
cord-286274-1tb3uha2	348	15	performance	performance	NN
cord-286274-1tb3uha2	348	16	in	in	IN
cord-286274-1tb3uha2	348	17	terms	term	NNS
cord-286274-1tb3uha2	348	18	of	of	IN
cord-286274-1tb3uha2	348	19	profitability	profitability	NN
cord-286274-1tb3uha2	348	20	.	.	.
cord-286274-1tb3uha2	349	1	The	the	DT
cord-286274-1tb3uha2	349	2	poor	poor	JJ
cord-286274-1tb3uha2	349	3	profitability	profitability	NN
cord-286274-1tb3uha2	349	4	and	and	CC
cord-286274-1tb3uha2	349	5	the	the	DT
cord-286274-1tb3uha2	349	6	corporate	corporate	JJ
cord-286274-1tb3uha2	349	7	performance	performance	NN
cord-286274-1tb3uha2	349	8	of	of	IN
cord-286274-1tb3uha2	349	9	tourist	tourist	NN
cord-286274-1tb3uha2	349	10	hotels	hotel	NNS
cord-286274-1tb3uha2	349	11	may	may	MD
cord-286274-1tb3uha2	349	12	be	be	VB
cord-286274-1tb3uha2	349	13	attributed	attribute	VBN
cord-286274-1tb3uha2	349	14	to	to	IN
cord-286274-1tb3uha2	349	15	the	the	DT
cord-286274-1tb3uha2	349	16	following	follow	VBG
cord-286274-1tb3uha2	349	17	reasons	reason	NNS
cord-286274-1tb3uha2	349	18	.	.	.
cord-286274-1tb3uha2	350	1	Net	net	JJ
cord-286274-1tb3uha2	350	2	profit	profit	NN
cord-286274-1tb3uha2	350	3	is	be	VBZ
cord-286274-1tb3uha2	350	4	equal	equal	JJ
cord-286274-1tb3uha2	350	5	to	to	IN
cord-286274-1tb3uha2	350	6	total	total	JJ
cord-286274-1tb3uha2	350	7	revenues	revenue	NNS
cord-286274-1tb3uha2	350	8	minus	minus	CC
cord-286274-1tb3uha2	350	9	total	total	JJ
cord-286274-1tb3uha2	350	10	cost	cost	NN
cord-286274-1tb3uha2	350	11	.	.	.
cord-286274-1tb3uha2	351	1	Large	large	JJ
cord-286274-1tb3uha2	351	2	tourist	tourist	NN
cord-286274-1tb3uha2	351	3	hotels	hotel	NNS
cord-286274-1tb3uha2	351	4	enjoy	enjoy	VBP
cord-286274-1tb3uha2	351	5	high	high	JJ
cord-286274-1tb3uha2	351	6	occupancy	occupancy	NN
cord-286274-1tb3uha2	351	7	and	and	CC
cord-286274-1tb3uha2	351	8	hence	hence	RB
cord-286274-1tb3uha2	351	9	sales	sale	NNS
cord-286274-1tb3uha2	351	10	revenue	revenue	NN
cord-286274-1tb3uha2	351	11	,	,	,
cord-286274-1tb3uha2	351	12	but	but	CC
cord-286274-1tb3uha2	351	13	low	low	JJ
cord-286274-1tb3uha2	351	14	profitability	profitability	NN
cord-286274-1tb3uha2	351	15	.	.	.
cord-286274-1tb3uha2	352	1	Apparently	apparently	RB
cord-286274-1tb3uha2	352	2	,	,	,
cord-286274-1tb3uha2	352	3	they	-PRON-	PRP
cord-286274-1tb3uha2	352	4	need	need	VBP
cord-286274-1tb3uha2	352	5	to	to	TO
cord-286274-1tb3uha2	352	6	focus	focus	VB
cord-286274-1tb3uha2	352	7	on	on	IN
cord-286274-1tb3uha2	352	8	the	the	DT
cord-286274-1tb3uha2	352	9	issue	issue	NN
cord-286274-1tb3uha2	352	10	of	of	IN
cord-286274-1tb3uha2	352	11	cost	cost	NN
cord-286274-1tb3uha2	352	12	control	control	NN
cord-286274-1tb3uha2	352	13	.	.	.
cord-286274-1tb3uha2	353	1	Further	further	RB
cord-286274-1tb3uha2	353	2	,	,	,
cord-286274-1tb3uha2	353	3	according	accord	VBG
cord-286274-1tb3uha2	353	4	to	to	IN
cord-286274-1tb3uha2	353	5	the	the	DT
cord-286274-1tb3uha2	353	6	agency	agency	NN
cord-286274-1tb3uha2	353	7	theory	theory	NN
cord-286274-1tb3uha2	353	8	,	,	,
cord-286274-1tb3uha2	353	9	it	-PRON-	PRP
cord-286274-1tb3uha2	353	10	may	may	MD
cord-286274-1tb3uha2	353	11	become	become	VB
cord-286274-1tb3uha2	353	12	harder	hard	JJR
cord-286274-1tb3uha2	353	13	for	for	IN
cord-286274-1tb3uha2	353	14	hotel	hotel	NN
cord-286274-1tb3uha2	353	15	owners	owner	NNS
cord-286274-1tb3uha2	353	16	to	to	TO
cord-286274-1tb3uha2	353	17	monitor	monitor	VB
cord-286274-1tb3uha2	353	18	and	and	CC
cord-286274-1tb3uha2	353	19	control	control	NN
cord-286274-1tb3uha2	353	20	managers	manager	NNS
cord-286274-1tb3uha2	353	21	'	'	POS
cord-286274-1tb3uha2	353	22	abnormal	abnormal	JJ
cord-286274-1tb3uha2	353	23	behavior	behavior	NN
cord-286274-1tb3uha2	353	24	as	as	IN
cord-286274-1tb3uha2	353	25	hotel	hotel	NN
cord-286274-1tb3uha2	353	26	companies	company	NNS
cord-286274-1tb3uha2	353	27	grow	grow	VBP
cord-286274-1tb3uha2	353	28	(	(	-LRB-
cord-286274-1tb3uha2	353	29	Pi	Pi	NNP
cord-286274-1tb3uha2	353	30	&	&	CC
cord-286274-1tb3uha2	353	31	Timme	Timme	NNP
cord-286274-1tb3uha2	353	32	,	,	,
cord-286274-1tb3uha2	353	33	1993	1993	CD
cord-286274-1tb3uha2	353	34	)	)	-RRB-
cord-286274-1tb3uha2	353	35	.	.	.
cord-286274-1tb3uha2	354	1	Adams	Adams	NNP
cord-286274-1tb3uha2	354	2	and	and	CC
cord-286274-1tb3uha2	354	3	Buckle	Buckle	NNP
cord-286274-1tb3uha2	354	4	(	(	-LRB-
cord-286274-1tb3uha2	354	5	2003	2003	CD
cord-286274-1tb3uha2	354	6	)	)	-RRB-
cord-286274-1tb3uha2	354	7	argue	argue	VBP
cord-286274-1tb3uha2	354	8	that	that	IN
cord-286274-1tb3uha2	354	9	large	large	JJ
cord-286274-1tb3uha2	354	10	organizations	organization	NNS
cord-286274-1tb3uha2	354	11	can	can	MD
cord-286274-1tb3uha2	354	12	inhibit	inhibit	VB
cord-286274-1tb3uha2	354	13	financial	financial	JJ
cord-286274-1tb3uha2	354	14	performance	performance	NN
cord-286274-1tb3uha2	354	15	because	because	IN
cord-286274-1tb3uha2	354	16	of	of	IN
cord-286274-1tb3uha2	354	17	diseconomies	diseconomie	NNS
cord-286274-1tb3uha2	354	18	of	of	IN
cord-286274-1tb3uha2	354	19	scale	scale	NN
cord-286274-1tb3uha2	354	20	,	,	,
cord-286274-1tb3uha2	354	21	resource	resource	NN
cord-286274-1tb3uha2	354	22	misallocation	misallocation	NN
cord-286274-1tb3uha2	354	23	,	,	,
cord-286274-1tb3uha2	354	24	and	and	CC
cord-286274-1tb3uha2	354	25	the	the	DT
cord-286274-1tb3uha2	354	26	failure	failure	NN
cord-286274-1tb3uha2	354	27	of	of	IN
cord-286274-1tb3uha2	354	28	managers	manager	NNS
cord-286274-1tb3uha2	354	29	to	to	TO
cord-286274-1tb3uha2	354	30	exploit	exploit	VB
cord-286274-1tb3uha2	354	31	output	output	NN
cord-286274-1tb3uha2	354	32	efficiencies	efficiency	NNS
cord-286274-1tb3uha2	354	33	.	.	.
cord-286274-1tb3uha2	355	1	Chen	Chen	NNP
cord-286274-1tb3uha2	355	2	and	and	CC
cord-286274-1tb3uha2	355	3	Soo	Soo	NNP
cord-286274-1tb3uha2	355	4	(	(	-LRB-
cord-286274-1tb3uha2	355	5	2007	2007	CD
cord-286274-1tb3uha2	355	6	)	)	-RRB-
cord-286274-1tb3uha2	355	7	also	also	RB
cord-286274-1tb3uha2	355	8	state	state	VBP
cord-286274-1tb3uha2	355	9	that	that	IN
cord-286274-1tb3uha2	355	10	hotel	hotel	NN
cord-286274-1tb3uha2	355	11	companies	company	NNS
cord-286274-1tb3uha2	355	12	provide	provide	VBP
cord-286274-1tb3uha2	355	13	many	many	JJ
cord-286274-1tb3uha2	355	14	services	service	NNS
cord-286274-1tb3uha2	355	15	that	that	WDT
cord-286274-1tb3uha2	355	16	tourists	tourist	NNS
cord-286274-1tb3uha2	355	17	demand	demand	VBP
cord-286274-1tb3uha2	355	18	.	.	.
cord-286274-1tb3uha2	356	1	Those	those	DT
cord-286274-1tb3uha2	356	2	services	service	NNS
cord-286274-1tb3uha2	356	3	include	include	VBP
cord-286274-1tb3uha2	356	4	accommodation	accommodation	NN
cord-286274-1tb3uha2	356	5	,	,	,
cord-286274-1tb3uha2	356	6	food	food	NN
cord-286274-1tb3uha2	356	7	,	,	,
cord-286274-1tb3uha2	356	8	beverages	beverage	NNS
cord-286274-1tb3uha2	356	9	and	and	CC
cord-286274-1tb3uha2	356	10	laundry	laundry	NN
cord-286274-1tb3uha2	356	11	,	,	,
cord-286274-1tb3uha2	356	12	swimming	swimming	NN
cord-286274-1tb3uha2	356	13	pools	pool	NNS
cord-286274-1tb3uha2	356	14	,	,	,
cord-286274-1tb3uha2	356	15	and	and	CC
cord-286274-1tb3uha2	356	16	conference	conference	NN
cord-286274-1tb3uha2	356	17	facilities	facility	NNS
cord-286274-1tb3uha2	356	18	.	.	.
cord-286274-1tb3uha2	357	1	The	the	DT
cord-286274-1tb3uha2	357	2	quality	quality	NN
cord-286274-1tb3uha2	357	3	of	of	IN
cord-286274-1tb3uha2	357	4	these	these	DT
cord-286274-1tb3uha2	357	5	services	service	NNS
cord-286274-1tb3uha2	357	6	,	,	,
cord-286274-1tb3uha2	357	7	not	not	RB
cord-286274-1tb3uha2	357	8	hotel	hotel	NN
cord-286274-1tb3uha2	357	9	size	size	NN
cord-286274-1tb3uha2	357	10	,	,	,
cord-286274-1tb3uha2	357	11	might	may	MD
cord-286274-1tb3uha2	357	12	be	be	VB
cord-286274-1tb3uha2	357	13	a	a	DT
cord-286274-1tb3uha2	357	14	more	more	RBR
cord-286274-1tb3uha2	357	15	important	important	JJ
cord-286274-1tb3uha2	357	16	factor	factor	NN
cord-286274-1tb3uha2	357	17	in	in	IN
cord-286274-1tb3uha2	357	18	ensuring	ensure	VBG
cord-286274-1tb3uha2	357	19	corporate	corporate	JJ
cord-286274-1tb3uha2	357	20	performance	performance	NN
cord-286274-1tb3uha2	357	21	in	in	IN
cord-286274-1tb3uha2	357	22	the	the	DT
cord-286274-1tb3uha2	357	23	tourist	tourist	NN
cord-286274-1tb3uha2	357	24	hotel	hotel	NN
cord-286274-1tb3uha2	357	25	industry	industry	NN
cord-286274-1tb3uha2	357	26	.	.	.
cord-286274-1tb3uha2	358	1	Second	second	RB
cord-286274-1tb3uha2	358	2	,	,	,
cord-286274-1tb3uha2	358	3	this	this	DT
cord-286274-1tb3uha2	358	4	study	study	NN
cord-286274-1tb3uha2	358	5	demonstrates	demonstrate	VBZ
cord-286274-1tb3uha2	358	6	that	that	IN
cord-286274-1tb3uha2	358	7	the	the	DT
cord-286274-1tb3uha2	358	8	corporate	corporate	JJ
cord-286274-1tb3uha2	358	9	performance	performance	NN
cord-286274-1tb3uha2	358	10	in	in	IN
cord-286274-1tb3uha2	358	11	the	the	DT
cord-286274-1tb3uha2	358	12	tourist	tourist	NN
cord-286274-1tb3uha2	358	13	hotel	hotel	NN
cord-286274-1tb3uha2	358	14	industry	industry	NN
cord-286274-1tb3uha2	358	15	is	be	VBZ
cord-286274-1tb3uha2	358	16	closely	closely	RB
cord-286274-1tb3uha2	358	17	related	related	JJ
cord-286274-1tb3uha2	358	18	to	to	IN
cord-286274-1tb3uha2	358	19	the	the	DT
cord-286274-1tb3uha2	358	20	state	state	NN
cord-286274-1tb3uha2	358	21	of	of	IN
cord-286274-1tb3uha2	358	22	economy	economy	NN
cord-286274-1tb3uha2	358	23	and	and	CC
cord-286274-1tb3uha2	358	24	especially	especially	RB
cord-286274-1tb3uha2	358	25	to	to	IN
cord-286274-1tb3uha2	358	26	tourism	tourism	NN
cord-286274-1tb3uha2	358	27	growth	growth	NN
cord-286274-1tb3uha2	358	28	.	.	.
cord-286274-1tb3uha2	359	1	Moreover	moreover	RB
cord-286274-1tb3uha2	359	2	,	,	,
cord-286274-1tb3uha2	359	3	economic	economic	JJ
cord-286274-1tb3uha2	359	4	growth	growth	NN
cord-286274-1tb3uha2	359	5	is	be	VBZ
cord-286274-1tb3uha2	359	6	highly	highly	RB
cord-286274-1tb3uha2	359	7	correlated	correlate	VBN
cord-286274-1tb3uha2	359	8	with	with	IN
cord-286274-1tb3uha2	359	9	tourism	tourism	NN
cord-286274-1tb3uha2	359	10	development	development	NN
cord-286274-1tb3uha2	359	11	.	.	.
cord-286274-1tb3uha2	360	1	This	this	DT
cord-286274-1tb3uha2	360	2	supports	support	VBZ
cord-286274-1tb3uha2	360	3	the	the	DT
cord-286274-1tb3uha2	360	4	findings	finding	NNS
cord-286274-1tb3uha2	360	5	in	in	IN
cord-286274-1tb3uha2	360	6	Kim	Kim	NNP
cord-286274-1tb3uha2	360	7	et	et	NNP
cord-286274-1tb3uha2	360	8	al	al	NNP
cord-286274-1tb3uha2	360	9	.	.	.
cord-286274-1tb3uha2	361	1	(	(	-LRB-
cord-286274-1tb3uha2	361	2	2006	2006	CD
cord-286274-1tb3uha2	361	3	)	)	-RRB-
cord-286274-1tb3uha2	361	4	,	,	,
cord-286274-1tb3uha2	361	5	who	who	WP
cord-286274-1tb3uha2	361	6	found	find	VBD
cord-286274-1tb3uha2	361	7	a	a	DT
cord-286274-1tb3uha2	361	8	long	long	JJ
cord-286274-1tb3uha2	361	9	-	-	HYPH
cord-286274-1tb3uha2	361	10	term	term	NN
cord-286274-1tb3uha2	361	11	association	association	NN
cord-286274-1tb3uha2	361	12	between	between	IN
cord-286274-1tb3uha2	361	13	economic	economic	JJ
cord-286274-1tb3uha2	361	14	growth	growth	NN
cord-286274-1tb3uha2	361	15	and	and	CC
cord-286274-1tb3uha2	361	16	tourism	tourism	NN
cord-286274-1tb3uha2	361	17	expansion	expansion	NN
cord-286274-1tb3uha2	361	18	and	and	CC
cord-286274-1tb3uha2	361	19	a	a	DT
cord-286274-1tb3uha2	361	20	bi	bi	JJ
cord-286274-1tb3uha2	361	21	-	-	JJ
cord-286274-1tb3uha2	361	22	directional	directional	JJ
cord-286274-1tb3uha2	361	23	causality	causality	NN
cord-286274-1tb3uha2	361	24	between	between	IN
cord-286274-1tb3uha2	361	25	tourism	tourism	NN
cord-286274-1tb3uha2	361	26	and	and	CC
cord-286274-1tb3uha2	361	27	economic	economic	JJ
cord-286274-1tb3uha2	361	28	growth	growth	NN
cord-286274-1tb3uha2	361	29	in	in	IN
cord-286274-1tb3uha2	361	30	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	361	31	.	.	.
cord-286274-1tb3uha2	362	1	In	in	IN
cord-286274-1tb3uha2	362	2	other	other	JJ
cord-286274-1tb3uha2	362	3	words	word	NNS
cord-286274-1tb3uha2	362	4	,	,	,
cord-286274-1tb3uha2	362	5	economic	economic	JJ
cord-286274-1tb3uha2	362	6	development	development	NN
cord-286274-1tb3uha2	362	7	and	and	CC
cord-286274-1tb3uha2	362	8	tourism	tourism	NN
cord-286274-1tb3uha2	362	9	growth	growth	NN
cord-286274-1tb3uha2	362	10	can	can	MD
cord-286274-1tb3uha2	362	11	promote	promote	VB
cord-286274-1tb3uha2	362	12	each	each	DT
cord-286274-1tb3uha2	362	13	other	other	JJ
cord-286274-1tb3uha2	362	14	.	.	.
cord-286274-1tb3uha2	363	1	Since	since	IN
cord-286274-1tb3uha2	363	2	both	both	DT
cord-286274-1tb3uha2	363	3	economic	economic	JJ
cord-286274-1tb3uha2	363	4	growth	growth	NN
cord-286274-1tb3uha2	363	5	and	and	CC
cord-286274-1tb3uha2	363	6	tourism	tourism	NN
cord-286274-1tb3uha2	363	7	expansion	expansion	NN
cord-286274-1tb3uha2	363	8	can	can	MD
cord-286274-1tb3uha2	363	9	have	have	VB
cord-286274-1tb3uha2	363	10	a	a	DT
cord-286274-1tb3uha2	363	11	significant	significant	JJ
cord-286274-1tb3uha2	363	12	impact	impact	NN
cord-286274-1tb3uha2	363	13	on	on	IN
cord-286274-1tb3uha2	363	14	the	the	DT
cord-286274-1tb3uha2	363	15	corporate	corporate	JJ
cord-286274-1tb3uha2	363	16	performance	performance	NN
cord-286274-1tb3uha2	363	17	of	of	IN
cord-286274-1tb3uha2	363	18	tourist	tourist	NN
cord-286274-1tb3uha2	363	19	hotels	hotel	NNS
cord-286274-1tb3uha2	363	20	,	,	,
cord-286274-1tb3uha2	363	21	it	-PRON-	PRP
cord-286274-1tb3uha2	363	22	is	be	VBZ
cord-286274-1tb3uha2	363	23	appropriate	appropriate	JJ
cord-286274-1tb3uha2	363	24	for	for	IN
cord-286274-1tb3uha2	363	25	the	the	DT
cord-286274-1tb3uha2	363	26	Taiwanese	taiwanese	JJ
cord-286274-1tb3uha2	363	27	government	government	NN
cord-286274-1tb3uha2	363	28	to	to	TO
cord-286274-1tb3uha2	363	29	use	use	VB
cord-286274-1tb3uha2	363	30	a	a	DT
cord-286274-1tb3uha2	363	31	long	long	JJ
cord-286274-1tb3uha2	363	32	-	-	HYPH
cord-286274-1tb3uha2	363	33	term	term	NN
cord-286274-1tb3uha2	363	34	tourism	tourism	NN
cord-286274-1tb3uha2	363	35	strategic	strategic	JJ
cord-286274-1tb3uha2	363	36	plan	plan	NN
cord-286274-1tb3uha2	363	37	to	to	TO
cord-286274-1tb3uha2	363	38	develop	develop	VB
cord-286274-1tb3uha2	363	39	the	the	DT
cord-286274-1tb3uha2	363	40	tourism	tourism	NN
cord-286274-1tb3uha2	363	41	market	market	NN
cord-286274-1tb3uha2	363	42	,	,	,
cord-286274-1tb3uha2	363	43	thus	thus	RB
cord-286274-1tb3uha2	363	44	stimulating	stimulate	VBG
cord-286274-1tb3uha2	363	45	the	the	DT
cord-286274-1tb3uha2	363	46	economy	economy	NN
cord-286274-1tb3uha2	363	47	and	and	CC
cord-286274-1tb3uha2	363	48	corporate	corporate	JJ
cord-286274-1tb3uha2	363	49	performance	performance	NN
cord-286274-1tb3uha2	363	50	in	in	IN
cord-286274-1tb3uha2	363	51	the	the	DT
cord-286274-1tb3uha2	363	52	tourist	tourist	NN
cord-286274-1tb3uha2	363	53	hotel	hotel	NN
cord-286274-1tb3uha2	363	54	industry	industry	NN
cord-286274-1tb3uha2	363	55	.	.	.
cord-286274-1tb3uha2	364	1	In	in	IN
cord-286274-1tb3uha2	364	2	particular	particular	JJ
cord-286274-1tb3uha2	364	3	,	,	,
cord-286274-1tb3uha2	364	4	since	since	IN
cord-286274-1tb3uha2	364	5	taking	take	VBG
cord-286274-1tb3uha2	364	6	office	office	NN
cord-286274-1tb3uha2	364	7	in	in	IN
cord-286274-1tb3uha2	364	8	May	May	NNP
cord-286274-1tb3uha2	364	9	2008	2008	CD
cord-286274-1tb3uha2	364	10	,	,	,
cord-286274-1tb3uha2	364	11	the	the	DT
cord-286274-1tb3uha2	364	12	Taiwanese	taiwanese	JJ
cord-286274-1tb3uha2	364	13	president	president	NN
cord-286274-1tb3uha2	364	14	Ma	Ma	NNP
cord-286274-1tb3uha2	364	15	Ying	Ying	NNP
cord-286274-1tb3uha2	364	16	-	-	HYPH
cord-286274-1tb3uha2	364	17	Jeou	Jeou	NNP
cord-286274-1tb3uha2	364	18	has	have	VBZ
cord-286274-1tb3uha2	364	19	actively	actively	RB
cord-286274-1tb3uha2	364	20	advocated	advocate	VBN
cord-286274-1tb3uha2	364	21	stronger	strong	JJR
cord-286274-1tb3uha2	364	22	economic	economic	JJ
cord-286274-1tb3uha2	364	23	ties	tie	NNS
cord-286274-1tb3uha2	364	24	with	with	IN
cord-286274-1tb3uha2	364	25	China	China	NNP
cord-286274-1tb3uha2	365	1	(	(	-LRB-
cord-286274-1tb3uha2	365	2	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	365	3	Tourism	Tourism	NNP
cord-286274-1tb3uha2	365	4	Bureau	Bureau	NNP
cord-286274-1tb3uha2	365	5	,	,	,
cord-286274-1tb3uha2	365	6	2008	2008	CD
cord-286274-1tb3uha2	365	7	)	)	-RRB-
cord-286274-1tb3uha2	365	8	.	.	.
cord-286274-1tb3uha2	366	1	One	one	CD
cord-286274-1tb3uha2	366	2	of	of	IN
cord-286274-1tb3uha2	366	3	his	-PRON-	PRP$
cord-286274-1tb3uha2	366	4	policies	policy	NNS
cord-286274-1tb3uha2	366	5	was	be	VBD
cord-286274-1tb3uha2	366	6	to	to	TO
cord-286274-1tb3uha2	366	7	re	re	VB
cord-286274-1tb3uha2	366	8	-	-	VB
cord-286274-1tb3uha2	366	9	open	open	JJ
cord-286274-1tb3uha2	366	10	direct	direct	JJ
cord-286274-1tb3uha2	366	11	flights	flight	NNS
cord-286274-1tb3uha2	366	12	between	between	IN
cord-286274-1tb3uha2	366	13	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	366	14	and	and	CC
cord-286274-1tb3uha2	366	15	China	China	NNP
cord-286274-1tb3uha2	366	16	,	,	,
cord-286274-1tb3uha2	366	17	which	which	WDT
cord-286274-1tb3uha2	366	18	had	have	VBD
cord-286274-1tb3uha2	366	19	been	be	VBN
cord-286274-1tb3uha2	366	20	banned	ban	VBN
cord-286274-1tb3uha2	366	21	since	since	IN
cord-286274-1tb3uha2	366	22	1949	1949	CD
cord-286274-1tb3uha2	366	23	.	.	.
cord-286274-1tb3uha2	367	1	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	367	2	and	and	CC
cord-286274-1tb3uha2	367	3	China	China	NNP
cord-286274-1tb3uha2	367	4	signed	sign	VBD
cord-286274-1tb3uha2	367	5	the	the	DT
cord-286274-1tb3uha2	367	6	agreement	agreement	NN
cord-286274-1tb3uha2	367	7	to	to	TO
cord-286274-1tb3uha2	367	8	restore	restore	VB
cord-286274-1tb3uha2	367	9	regular	regular	JJ
cord-286274-1tb3uha2	367	10	direct	direct	JJ
cord-286274-1tb3uha2	367	11	flights	flight	NNS
cord-286274-1tb3uha2	367	12	between	between	IN
cord-286274-1tb3uha2	367	13	the	the	DT
cord-286274-1tb3uha2	367	14	two	two	CD
cord-286274-1tb3uha2	367	15	regions	region	NNS
cord-286274-1tb3uha2	367	16	on	on	IN
cord-286274-1tb3uha2	367	17	June	June	NNP
cord-286274-1tb3uha2	367	18	13	13	CD
cord-286274-1tb3uha2	367	19	,	,	,
cord-286274-1tb3uha2	367	20	2008	2008	CD
cord-286274-1tb3uha2	367	21	and	and	CC
cord-286274-1tb3uha2	367	22	direct	direct	JJ
cord-286274-1tb3uha2	367	23	flights	flight	NNS
cord-286274-1tb3uha2	367	24	resumed	resume	VBD
cord-286274-1tb3uha2	367	25	on	on	IN
cord-286274-1tb3uha2	367	26	July	July	NNP
cord-286274-1tb3uha2	367	27	4	4	CD
cord-286274-1tb3uha2	367	28	,	,	,
cord-286274-1tb3uha2	367	29	2008	2008	CD
cord-286274-1tb3uha2	367	30	.	.	.
cord-286274-1tb3uha2	368	1	Currently	currently	RB
cord-286274-1tb3uha2	368	2	,	,	,
cord-286274-1tb3uha2	368	3	up	up	IN
cord-286274-1tb3uha2	368	4	to	to	TO
cord-286274-1tb3uha2	368	5	3000	3000	CD
cord-286274-1tb3uha2	368	6	Chinese	chinese	JJ
cord-286274-1tb3uha2	368	7	tourists	tourist	NNS
cord-286274-1tb3uha2	368	8	a	a	DT
cord-286274-1tb3uha2	368	9	day	day	NN
cord-286274-1tb3uha2	368	10	are	be	VBP
cord-286274-1tb3uha2	368	11	allowed	allow	VBN
cord-286274-1tb3uha2	368	12	to	to	TO
cord-286274-1tb3uha2	368	13	visit	visit	VB
cord-286274-1tb3uha2	368	14	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	368	15	and	and	CC
cord-286274-1tb3uha2	368	16	the	the	DT
cord-286274-1tb3uha2	368	17	number	number	NN
cord-286274-1tb3uha2	368	18	may	may	MD
cord-286274-1tb3uha2	368	19	increase	increase	VB
cord-286274-1tb3uha2	368	20	from	from	IN
cord-286274-1tb3uha2	368	21	3000	3000	CD
cord-286274-1tb3uha2	368	22	to	to	IN
cord-286274-1tb3uha2	368	23	7200	7200	CD
cord-286274-1tb3uha2	368	24	after	after	IN
cord-286274-1tb3uha2	368	25	May	May	NNP
cord-286274-1tb3uha2	368	26	2009	2009	CD
cord-286274-1tb3uha2	368	27	.	.	.
cord-286274-1tb3uha2	369	1	This	this	DT
cord-286274-1tb3uha2	369	2	phenomenon	phenomenon	NN
cord-286274-1tb3uha2	369	3	of	of	IN
cord-286274-1tb3uha2	369	4	tourism	tourism	NN
cord-286274-1tb3uha2	369	5	growth	growth	NN
cord-286274-1tb3uha2	369	6	is	be	VBZ
cord-286274-1tb3uha2	369	7	expected	expect	VBN
cord-286274-1tb3uha2	369	8	to	to	TO
cord-286274-1tb3uha2	369	9	improve	improve	VB
cord-286274-1tb3uha2	369	10	the	the	DT
cord-286274-1tb3uha2	369	11	Taiwanese	taiwanese	JJ
cord-286274-1tb3uha2	369	12	economy	economy	NN
cord-286274-1tb3uha2	369	13	and	and	CC
cord-286274-1tb3uha2	369	14	the	the	DT
cord-286274-1tb3uha2	369	15	corporate	corporate	JJ
cord-286274-1tb3uha2	369	16	performance	performance	NN
cord-286274-1tb3uha2	369	17	of	of	IN
cord-286274-1tb3uha2	369	18	local	local	JJ
cord-286274-1tb3uha2	369	19	hotel	hotel	NN
cord-286274-1tb3uha2	369	20	companies	company	NNS
cord-286274-1tb3uha2	369	21	.	.	.
cord-286274-1tb3uha2	370	1	For	for	IN
cord-286274-1tb3uha2	370	2	example	example	NN
cord-286274-1tb3uha2	370	3	,	,	,
cord-286274-1tb3uha2	370	4	it	-PRON-	PRP
cord-286274-1tb3uha2	370	5	is	be	VBZ
cord-286274-1tb3uha2	370	6	estimated	estimate	VBN
cord-286274-1tb3uha2	370	7	that	that	IN
cord-286274-1tb3uha2	370	8	3000	3000	CD
cord-286274-1tb3uha2	370	9	Chinese	chinese	JJ
cord-286274-1tb3uha2	370	10	visitors	visitor	NNS
cord-286274-1tb3uha2	370	11	per	per	IN
cord-286274-1tb3uha2	370	12	day	day	NN
cord-286274-1tb3uha2	370	13	would	would	MD
cord-286274-1tb3uha2	370	14	bring	bring	VB
cord-286274-1tb3uha2	370	15	at	at	RB
cord-286274-1tb3uha2	370	16	least	least	RBS
cord-286274-1tb3uha2	370	17	60	60	CD
cord-286274-1tb3uha2	370	18	billion	billion	CD
cord-286274-1tb3uha2	370	19	Taiwanese	taiwanese	JJ
cord-286274-1tb3uha2	370	20	dollars	dollar	NNS
cord-286274-1tb3uha2	370	21	(	(	-LRB-
cord-286274-1tb3uha2	370	22	US	US	NNP
cord-286274-1tb3uha2	370	23	$	$	$
cord-286274-1tb3uha2	370	24	2.7	2.7	CD
cord-286274-1tb3uha2	370	25	billion	billion	CD
cord-286274-1tb3uha2	370	26	)	)	-RRB-
cord-286274-1tb3uha2	370	27	a	a	DT
cord-286274-1tb3uha2	370	28	year	year	NN
cord-286274-1tb3uha2	370	29	for	for	IN
cord-286274-1tb3uha2	370	30	local	local	JJ
cord-286274-1tb3uha2	370	31	restaurants	restaurant	NNS
cord-286274-1tb3uha2	370	32	,	,	,
cord-286274-1tb3uha2	370	33	hotels	hotel	NNS
cord-286274-1tb3uha2	370	34	,	,	,
cord-286274-1tb3uha2	370	35	bus	bus	NN
cord-286274-1tb3uha2	370	36	companies	company	NNS
cord-286274-1tb3uha2	370	37	and	and	CC
cord-286274-1tb3uha2	370	38	tour	tour	NN
cord-286274-1tb3uha2	370	39	agents	agent	NNS
cord-286274-1tb3uha2	370	40	and	and	CC
cord-286274-1tb3uha2	370	41	moreover	moreover	RB
cord-286274-1tb3uha2	370	42	,	,	,
cord-286274-1tb3uha2	370	43	approximately	approximately	RB
cord-286274-1tb3uha2	370	44	30,000	30,000	CD
cord-286274-1tb3uha2	370	45	jobs	job	NNS
cord-286274-1tb3uha2	370	46	could	could	MD
cord-286274-1tb3uha2	370	47	be	be	VB
cord-286274-1tb3uha2	370	48	created	create	VBN
cord-286274-1tb3uha2	370	49	,	,	,
cord-286274-1tb3uha2	370	50	reducing	reduce	VBG
cord-286274-1tb3uha2	370	51	domestic	domestic	JJ
cord-286274-1tb3uha2	370	52	unemployment	unemployment	NN
cord-286274-1tb3uha2	370	53	rate	rate	NN
cord-286274-1tb3uha2	370	54	by	by	IN
cord-286274-1tb3uha2	370	55	one	one	CD
cord-286274-1tb3uha2	370	56	percent	percent	NN
cord-286274-1tb3uha2	370	57	(	(	-LRB-
cord-286274-1tb3uha2	370	58	AsiaOne	AsiaOne	NNP
cord-286274-1tb3uha2	370	59	,	,	,
cord-286274-1tb3uha2	370	60	2008	2008	CD
cord-286274-1tb3uha2	370	61	)	)	-RRB-
cord-286274-1tb3uha2	370	62	.	.	.
cord-286274-1tb3uha2	371	1	Third	third	RB
cord-286274-1tb3uha2	371	2	,	,	,
cord-286274-1tb3uha2	371	3	the	the	DT
cord-286274-1tb3uha2	371	4	occupancy	occupancy	NN
cord-286274-1tb3uha2	371	5	rate	rate	NN
cord-286274-1tb3uha2	371	6	,	,	,
cord-286274-1tb3uha2	371	7	return	return	VB
cord-286274-1tb3uha2	371	8	on	on	IN
cord-286274-1tb3uha2	371	9	assets	asset	NNS
cord-286274-1tb3uha2	371	10	and	and	CC
cord-286274-1tb3uha2	371	11	return	return	VB
cord-286274-1tb3uha2	371	12	on	on	IN
cord-286274-1tb3uha2	371	13	equity	equity	NN
cord-286274-1tb3uha2	371	14	of	of	IN
cord-286274-1tb3uha2	371	15	tourist	tourist	NN
cord-286274-1tb3uha2	371	16	hotels	hotel	NNS
cord-286274-1tb3uha2	371	17	rely	rely	VBP
cord-286274-1tb3uha2	371	18	on	on	IN
cord-286274-1tb3uha2	371	19	the	the	DT
cord-286274-1tb3uha2	371	20	development	development	NN
cord-286274-1tb3uha2	371	21	of	of	IN
cord-286274-1tb3uha2	371	22	foreign	foreign	JJ
cord-286274-1tb3uha2	371	23	tourist	tourist	NN
cord-286274-1tb3uha2	371	24	markets	market	NNS
cord-286274-1tb3uha2	371	25	in	in	IN
cord-286274-1tb3uha2	371	26	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	371	27	.	.	.
cord-286274-1tb3uha2	372	1	This	this	DT
cord-286274-1tb3uha2	372	2	implies	imply	VBZ
cord-286274-1tb3uha2	372	3	that	that	IN
cord-286274-1tb3uha2	372	4	tourism	tourism	NN
cord-286274-1tb3uha2	372	5	authorities	authority	NNS
cord-286274-1tb3uha2	372	6	and	and	CC
cord-286274-1tb3uha2	372	7	hotel	hotel	NN
cord-286274-1tb3uha2	372	8	business	business	NN
cord-286274-1tb3uha2	372	9	managers	manager	NNS
cord-286274-1tb3uha2	372	10	need	need	VBP
cord-286274-1tb3uha2	372	11	to	to	TO
cord-286274-1tb3uha2	372	12	be	be	VB
cord-286274-1tb3uha2	372	13	aware	aware	JJ
cord-286274-1tb3uha2	372	14	that	that	IN
cord-286274-1tb3uha2	372	15	the	the	DT
cord-286274-1tb3uha2	372	16	sales	sale	NNS
cord-286274-1tb3uha2	372	17	revenue	revenue	NN
cord-286274-1tb3uha2	372	18	and	and	CC
cord-286274-1tb3uha2	372	19	profitability	profitability	NN
cord-286274-1tb3uha2	372	20	in	in	IN
cord-286274-1tb3uha2	372	21	the	the	DT
cord-286274-1tb3uha2	372	22	tourist	tourist	NN
cord-286274-1tb3uha2	372	23	hotel	hotel	NN
cord-286274-1tb3uha2	372	24	industry	industry	NN
cord-286274-1tb3uha2	372	25	would	would	MD
cord-286274-1tb3uha2	372	26	suffer	suffer	VB
cord-286274-1tb3uha2	372	27	during	during	IN
cord-286274-1tb3uha2	372	28	periods	period	NNS
cord-286274-1tb3uha2	372	29	of	of	IN
cord-286274-1tb3uha2	372	30	instable	instable	JJ
cord-286274-1tb3uha2	372	31	or	or	CC
cord-286274-1tb3uha2	372	32	low	low	JJ
cord-286274-1tb3uha2	372	33	demand	demand	NN
cord-286274-1tb3uha2	372	34	for	for	IN
cord-286274-1tb3uha2	372	35	tourism	tourism	NN
cord-286274-1tb3uha2	372	36	.	.	.
cord-286274-1tb3uha2	373	1	To	to	TO
cord-286274-1tb3uha2	373	2	solve	solve	VB
cord-286274-1tb3uha2	373	3	this	this	DT
cord-286274-1tb3uha2	373	4	problem	problem	NN
cord-286274-1tb3uha2	373	5	,	,	,
cord-286274-1tb3uha2	373	6	tourism	tourism	NN
cord-286274-1tb3uha2	373	7	policymakers	policymaker	NNS
cord-286274-1tb3uha2	373	8	and	and	CC
cord-286274-1tb3uha2	373	9	hotel	hotel	NN
cord-286274-1tb3uha2	373	10	managers	manager	NNS
cord-286274-1tb3uha2	373	11	can	can	MD
cord-286274-1tb3uha2	373	12	use	use	VB
cord-286274-1tb3uha2	373	13	the	the	DT
cord-286274-1tb3uha2	373	14	practical	practical	JJ
cord-286274-1tb3uha2	373	15	findings	finding	NNS
cord-286274-1tb3uha2	373	16	in	in	IN
cord-286274-1tb3uha2	373	17	Jang	Jang	NNP
cord-286274-1tb3uha2	373	18	and	and	CC
cord-286274-1tb3uha2	373	19	Chen	Chen	NNP
cord-286274-1tb3uha2	373	20	(	(	-LRB-
cord-286274-1tb3uha2	373	21	2008	2008	CD
cord-286274-1tb3uha2	373	22	)	)	-RRB-
cord-286274-1tb3uha2	373	23	as	as	IN
cord-286274-1tb3uha2	373	24	guidelines	guideline	NNS
cord-286274-1tb3uha2	373	25	for	for	IN
cord-286274-1tb3uha2	373	26	diversification	diversification	NN
cord-286274-1tb3uha2	373	27	or	or	CC
cord-286274-1tb3uha2	373	28	risk	risk	NN
cord-286274-1tb3uha2	373	29	management	management	NN
cord-286274-1tb3uha2	373	30	in	in	IN
cord-286274-1tb3uha2	373	31	the	the	DT
cord-286274-1tb3uha2	373	32	Taiwanese	taiwanese	JJ
cord-286274-1tb3uha2	373	33	tourism	tourism	NN
cord-286274-1tb3uha2	373	34	market	market	NN
cord-286274-1tb3uha2	373	35	.	.	.
cord-286274-1tb3uha2	374	1	They	-PRON-	PRP
cord-286274-1tb3uha2	374	2	used	use	VBD
cord-286274-1tb3uha2	374	3	the	the	DT
cord-286274-1tb3uha2	374	4	financial	financial	JJ
cord-286274-1tb3uha2	374	5	portfolio	portfolio	NN
cord-286274-1tb3uha2	374	6	theory	theory	NN
cord-286274-1tb3uha2	374	7	to	to	TO
cord-286274-1tb3uha2	374	8	show	show	VB
cord-286274-1tb3uha2	374	9	how	how	WRB
cord-286274-1tb3uha2	374	10	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	374	11	can	can	MD
cord-286274-1tb3uha2	374	12	obtain	obtain	VB
cord-286274-1tb3uha2	374	13	optimal	optimal	JJ
cord-286274-1tb3uha2	374	14	foreign	foreign	JJ
cord-286274-1tb3uha2	374	15	tourist	tourist	NN
cord-286274-1tb3uha2	374	16	market	market	NN
cord-286274-1tb3uha2	374	17	mixes	mix	NNS
cord-286274-1tb3uha2	374	18	by	by	IN
cord-286274-1tb3uha2	374	19	minimizing	minimize	VBG
cord-286274-1tb3uha2	374	20	variability	variability	NN
cord-286274-1tb3uha2	374	21	in	in	IN
cord-286274-1tb3uha2	374	22	foreign	foreign	JJ
cord-286274-1tb3uha2	374	23	tourist	tourist	NN
cord-286274-1tb3uha2	374	24	arrivals	arrival	NNS
cord-286274-1tb3uha2	374	25	.	.	.
cord-286274-1tb3uha2	375	1	Finally	finally	RB
cord-286274-1tb3uha2	375	2	,	,	,
cord-286274-1tb3uha2	375	3	while	while	IN
cord-286274-1tb3uha2	375	4	the	the	DT
cord-286274-1tb3uha2	375	5	economic	economic	JJ
cord-286274-1tb3uha2	375	6	factor	factor	NN
cord-286274-1tb3uha2	375	7	explains	explain	VBZ
cord-286274-1tb3uha2	375	8	a	a	DT
cord-286274-1tb3uha2	375	9	very	very	RB
cord-286274-1tb3uha2	375	10	high	high	JJ
cord-286274-1tb3uha2	375	11	proportion	proportion	NN
cord-286274-1tb3uha2	375	12	of	of	IN
cord-286274-1tb3uha2	375	13	sales	sale	NNS
cord-286274-1tb3uha2	375	14	(	(	-LRB-
cord-286274-1tb3uha2	375	15	45	45	CD
cord-286274-1tb3uha2	375	16	%	%	NN
cord-286274-1tb3uha2	375	17	)	)	-RRB-
cord-286274-1tb3uha2	375	18	and	and	CC
cord-286274-1tb3uha2	375	19	the	the	DT
cord-286274-1tb3uha2	375	20	industry	industry	NN
cord-286274-1tb3uha2	375	21	factor	factor	NN
cord-286274-1tb3uha2	375	22	explains	explain	VBZ
cord-286274-1tb3uha2	375	23	a	a	DT
cord-286274-1tb3uha2	375	24	very	very	RB
cord-286274-1tb3uha2	375	25	high	high	JJ
cord-286274-1tb3uha2	375	26	proportion	proportion	NN
cord-286274-1tb3uha2	375	27	of	of	IN
cord-286274-1tb3uha2	375	28	sales	sale	NNS
cord-286274-1tb3uha2	375	29	(	(	-LRB-
cord-286274-1tb3uha2	375	30	53	53	CD
cord-286274-1tb3uha2	375	31	%	%	NN
cord-286274-1tb3uha2	375	32	)	)	-RRB-
cord-286274-1tb3uha2	375	33	and	and	CC
cord-286274-1tb3uha2	375	34	profitability	profitability	NN
cord-286274-1tb3uha2	375	35	(	(	-LRB-
cord-286274-1tb3uha2	375	36	45	45	CD
cord-286274-1tb3uha2	375	37	-	-	SYM
cord-286274-1tb3uha2	375	38	47	47	CD
cord-286274-1tb3uha2	375	39	%	%	NN
cord-286274-1tb3uha2	375	40	)	)	-RRB-
cord-286274-1tb3uha2	375	41	,	,	,
cord-286274-1tb3uha2	375	42	the	the	DT
cord-286274-1tb3uha2	375	43	two	two	CD
cord-286274-1tb3uha2	375	44	factors	factor	NNS
cord-286274-1tb3uha2	375	45	together	together	RB
cord-286274-1tb3uha2	375	46	can	can	MD
cord-286274-1tb3uha2	375	47	only	only	RB
cord-286274-1tb3uha2	375	48	account	account	VB
cord-286274-1tb3uha2	375	49	for	for	IN
cord-286274-1tb3uha2	375	50	a	a	DT
cord-286274-1tb3uha2	375	51	relatively	relatively	RB
cord-286274-1tb3uha2	375	52	small	small	JJ
cord-286274-1tb3uha2	375	53	percentage	percentage	NN
cord-286274-1tb3uha2	375	54	(	(	-LRB-
cord-286274-1tb3uha2	375	55	about	about	RB
cord-286274-1tb3uha2	375	56	17	17	CD
cord-286274-1tb3uha2	375	57	%	%	NN
cord-286274-1tb3uha2	375	58	)	)	-RRB-
cord-286274-1tb3uha2	375	59	of	of	IN
cord-286274-1tb3uha2	375	60	the	the	DT
cord-286274-1tb3uha2	375	61	overall	overall	JJ
cord-286274-1tb3uha2	375	62	financial	financial	JJ
cord-286274-1tb3uha2	375	63	performance	performance	NN
cord-286274-1tb3uha2	375	64	of	of	IN
cord-286274-1tb3uha2	375	65	tourist	tourist	NN
cord-286274-1tb3uha2	375	66	hotels	hotel	NNS
cord-286274-1tb3uha2	375	67	.	.	.
cord-286274-1tb3uha2	376	1	This	this	DT
cord-286274-1tb3uha2	376	2	suggests	suggest	VBZ
cord-286274-1tb3uha2	376	3	that	that	IN
cord-286274-1tb3uha2	376	4	a	a	DT
cord-286274-1tb3uha2	376	5	large	large	JJ
cord-286274-1tb3uha2	376	6	proportion	proportion	NN
cord-286274-1tb3uha2	376	7	of	of	IN
cord-286274-1tb3uha2	376	8	the	the	DT
cord-286274-1tb3uha2	376	9	overall	overall	JJ
cord-286274-1tb3uha2	376	10	financial	financial	JJ
cord-286274-1tb3uha2	376	11	performance	performance	NN
cord-286274-1tb3uha2	376	12	of	of	IN
cord-286274-1tb3uha2	376	13	tourist	tourist	NN
cord-286274-1tb3uha2	376	14	hotels	hotel	NNS
cord-286274-1tb3uha2	376	15	is	be	VBZ
cord-286274-1tb3uha2	376	16	still	still	RB
cord-286274-1tb3uha2	376	17	unexplained	unexplained	JJ
cord-286274-1tb3uha2	376	18	and	and	CC
cord-286274-1tb3uha2	376	19	affected	affect	VBN
cord-286274-1tb3uha2	376	20	by	by	IN
cord-286274-1tb3uha2	376	21	other	other	JJ
cord-286274-1tb3uha2	376	22	factors	factor	NNS
cord-286274-1tb3uha2	376	23	.	.	.
cord-286274-1tb3uha2	377	1	Note	note	VB
cord-286274-1tb3uha2	377	2	that	that	IN
cord-286274-1tb3uha2	377	3	both	both	DT
cord-286274-1tb3uha2	377	4	economic	economic	JJ
cord-286274-1tb3uha2	377	5	condition	condition	NN
cord-286274-1tb3uha2	377	6	and	and	CC
cord-286274-1tb3uha2	377	7	tourism	tourism	NN
cord-286274-1tb3uha2	377	8	growth	growth	NN
cord-286274-1tb3uha2	377	9	are	be	VBP
cord-286274-1tb3uha2	377	10	external	external	JJ
cord-286274-1tb3uha2	377	11	factors	factor	NNS
cord-286274-1tb3uha2	377	12	for	for	IN
cord-286274-1tb3uha2	377	13	the	the	DT
cord-286274-1tb3uha2	377	14	hotel	hotel	NN
cord-286274-1tb3uha2	377	15	industry	industry	NN
cord-286274-1tb3uha2	377	16	.	.	.
cord-286274-1tb3uha2	378	1	The	the	DT
cord-286274-1tb3uha2	378	2	development	development	NN
cord-286274-1tb3uha2	378	3	of	of	IN
cord-286274-1tb3uha2	378	4	the	the	DT
cord-286274-1tb3uha2	378	5	local	local	JJ
cord-286274-1tb3uha2	378	6	economy	economy	NN
cord-286274-1tb3uha2	378	7	and	and	CC
cord-286274-1tb3uha2	378	8	tourism	tourism	NN
cord-286274-1tb3uha2	378	9	market	market	NN
cord-286274-1tb3uha2	378	10	may	may	MD
cord-286274-1tb3uha2	378	11	depend	depend	VB
cord-286274-1tb3uha2	378	12	on	on	IN
cord-286274-1tb3uha2	378	13	the	the	DT
cord-286274-1tb3uha2	378	14	development	development	NN
cord-286274-1tb3uha2	378	15	of	of	IN
cord-286274-1tb3uha2	378	16	the	the	DT
cord-286274-1tb3uha2	378	17	global	global	JJ
cord-286274-1tb3uha2	378	18	economy	economy	NN
cord-286274-1tb3uha2	378	19	and	and	CC
cord-286274-1tb3uha2	378	20	local	local	JJ
cord-286274-1tb3uha2	378	21	government	government	NN
cord-286274-1tb3uha2	378	22	policies	policy	NNS
cord-286274-1tb3uha2	378	23	and	and	CC
cord-286274-1tb3uha2	378	24	efforts	effort	NNS
cord-286274-1tb3uha2	378	25	.	.	.
cord-286274-1tb3uha2	379	1	Hotel	hotel	NN
cord-286274-1tb3uha2	379	2	owners	owner	NNS
cord-286274-1tb3uha2	379	3	and	and	CC
cord-286274-1tb3uha2	379	4	managers	manager	NNS
cord-286274-1tb3uha2	379	5	,	,	,
cord-286274-1tb3uha2	379	6	instead	instead	RB
cord-286274-1tb3uha2	379	7	,	,	,
cord-286274-1tb3uha2	379	8	could	could	MD
cord-286274-1tb3uha2	379	9	concentrate	concentrate	VB
cord-286274-1tb3uha2	379	10	on	on	IN
cord-286274-1tb3uha2	379	11	some	some	DT
cord-286274-1tb3uha2	379	12	internal	internal	JJ
cord-286274-1tb3uha2	379	13	factors	factor	NNS
cord-286274-1tb3uha2	379	14	or	or	CC
cord-286274-1tb3uha2	379	15	issues	issue	NNS
cord-286274-1tb3uha2	379	16	,	,	,
cord-286274-1tb3uha2	379	17	such	such	JJ
cord-286274-1tb3uha2	379	18	as	as	IN
cord-286274-1tb3uha2	379	19	cost	cost	NN
cord-286274-1tb3uha2	379	20	control	control	NN
cord-286274-1tb3uha2	379	21	,	,	,
cord-286274-1tb3uha2	379	22	the	the	DT
cord-286274-1tb3uha2	379	23	service	service	NN
cord-286274-1tb3uha2	379	24	quality	quality	NN
cord-286274-1tb3uha2	379	25	,	,	,
cord-286274-1tb3uha2	379	26	managerial	managerial	JJ
cord-286274-1tb3uha2	379	27	efficiency	efficiency	NN
cord-286274-1tb3uha2	379	28	,	,	,
cord-286274-1tb3uha2	379	29	production	production	NN
cord-286274-1tb3uha2	379	30	productivity	productivity	NN
cord-286274-1tb3uha2	379	31	and	and	CC
cord-286274-1tb3uha2	379	32	human	human	JJ
cord-286274-1tb3uha2	379	33	resource	resource	NN
cord-286274-1tb3uha2	379	34	management	management	NN
cord-286274-1tb3uha2	379	35	.	.	.
cord-286274-1tb3uha2	380	1	Whether	whether	IN
cord-286274-1tb3uha2	380	2	those	those	DT
cord-286274-1tb3uha2	380	3	internal	internal	JJ
cord-286274-1tb3uha2	380	4	factors	factor	NNS
cord-286274-1tb3uha2	380	5	can	can	MD
cord-286274-1tb3uha2	380	6	explain	explain	VB
cord-286274-1tb3uha2	380	7	the	the	DT
cord-286274-1tb3uha2	380	8	overall	overall	JJ
cord-286274-1tb3uha2	380	9	financial	financial	JJ
cord-286274-1tb3uha2	380	10	performance	performance	NN
cord-286274-1tb3uha2	380	11	of	of	IN
cord-286274-1tb3uha2	380	12	tourist	tourist	NN
cord-286274-1tb3uha2	380	13	hotels	hotel	NNS
cord-286274-1tb3uha2	380	14	deserves	deserve	VBZ
cord-286274-1tb3uha2	380	15	further	further	JJ
cord-286274-1tb3uha2	380	16	examination	examination	NN
cord-286274-1tb3uha2	380	17	.	.	.
cord-286274-1tb3uha2	381	1	The	the	DT
cord-286274-1tb3uha2	381	2	determinants	determinant	NNS
cord-286274-1tb3uha2	381	3	of	of	IN
cord-286274-1tb3uha2	381	4	corporate	corporate	JJ
cord-286274-1tb3uha2	381	5	financial	financial	JJ
cord-286274-1tb3uha2	381	6	performance	performance	NN
cord-286274-1tb3uha2	381	7	in	in	IN
cord-286274-1tb3uha2	381	8	the	the	DT
cord-286274-1tb3uha2	381	9	Bermuda	Bermuda	NNP
cord-286274-1tb3uha2	381	10	insurance	insurance	NN
cord-286274-1tb3uha2	381	11	market	market	NN
cord-286274-1tb3uha2	381	12	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	381	13	tourism	tourism	NN
cord-286274-1tb3uha2	381	14	sector	sector	NN
cord-286274-1tb3uha2	381	15	eyeing	eye	VBG
cord-286274-1tb3uha2	381	16	China	China	NNP
cord-286274-1tb3uha2	381	17	boost	boost	VB
cord-286274-1tb3uha2	381	18	Bank	bank	NN
cord-286274-1tb3uha2	381	19	-	-	HYPH
cord-286274-1tb3uha2	381	20	specific	specific	JJ
cord-286274-1tb3uha2	381	21	,	,	,
cord-286274-1tb3uha2	381	22	industryspecific	industryspecific	JJ
cord-286274-1tb3uha2	381	23	and	and	CC
cord-286274-1tb3uha2	381	24	macroeconomic	macroeconomic	JJ
cord-286274-1tb3uha2	381	25	determinants	determinant	NNS
cord-286274-1tb3uha2	381	26	of	of	IN
cord-286274-1tb3uha2	381	27	bank	bank	NN
cord-286274-1tb3uha2	381	28	profitability	profitability	NN
cord-286274-1tb3uha2	381	29	Tourism	Tourism	NNP
cord-286274-1tb3uha2	381	30	as	as	IN
cord-286274-1tb3uha2	381	31	a	a	DT
cord-286274-1tb3uha2	381	32	long	long	RB
cord-286274-1tb3uha2	381	33	-	-	HYPH
cord-286274-1tb3uha2	381	34	run	run	NN
cord-286274-1tb3uha2	381	35	economic	economic	JJ
cord-286274-1tb3uha2	381	36	growth	growth	NN
cord-286274-1tb3uha2	381	37	factor	factor	NN
cord-286274-1tb3uha2	381	38	:	:	:
cord-286274-1tb3uha2	381	39	the	the	DT
cord-286274-1tb3uha2	381	40	Spanish	spanish	JJ
cord-286274-1tb3uha2	381	41	case	case	NN
cord-286274-1tb3uha2	381	42	Econometric	econometric	JJ
cord-286274-1tb3uha2	381	43	analysis	analysis	NN
cord-286274-1tb3uha2	381	44	of	of	IN
cord-286274-1tb3uha2	381	45	panel	panel	NN
cord-286274-1tb3uha2	381	46	fata	fata	NNP
cord-286274-1tb3uha2	382	1	The	the	DT
cord-286274-1tb3uha2	382	2	stock	stock	NN
cord-286274-1tb3uha2	382	3	market	market	NN
cord-286274-1tb3uha2	382	4	and	and	CC
cord-286274-1tb3uha2	382	5	investment	investment	NN
cord-286274-1tb3uha2	382	6	Use	use	NN
cord-286274-1tb3uha2	382	7	of	of	IN
cord-286274-1tb3uha2	382	8	macroeconomic	macroeconomic	JJ
cord-286274-1tb3uha2	382	9	variables	variable	NNS
cord-286274-1tb3uha2	382	10	to	to	TO
cord-286274-1tb3uha2	382	11	evaluate	evaluate	VB
cord-286274-1tb3uha2	382	12	selected	select	VBN
cord-286274-1tb3uha2	382	13	hospitality	hospitality	NN
cord-286274-1tb3uha2	382	14	stock	stock	NN
cord-286274-1tb3uha2	382	15	returns	return	NNS
cord-286274-1tb3uha2	382	16	in	in	IN
cord-286274-1tb3uha2	382	17	the	the	DT
cord-286274-1tb3uha2	382	18	US	US	NNP
cord-286274-1tb3uha2	382	19	Corporate	corporate	JJ
cord-286274-1tb3uha2	382	20	strategy	strategy	NN
cord-286274-1tb3uha2	382	21	:	:	:
cord-286274-1tb3uha2	382	22	useful	useful	JJ
cord-286274-1tb3uha2	382	23	perspective	perspective	NN
cord-286274-1tb3uha2	382	24	for	for	IN
cord-286274-1tb3uha2	382	25	the	the	DT
cord-286274-1tb3uha2	382	26	study	study	NN
cord-286274-1tb3uha2	382	27	of	of	IN
cord-286274-1tb3uha2	382	28	capital	capital	NN
cord-286274-1tb3uha2	382	29	structure	structure	NN
cord-286274-1tb3uha2	383	1	The	the	DT
cord-286274-1tb3uha2	383	2	relative	relative	JJ
cord-286274-1tb3uha2	383	3	common	common	JJ
cord-286274-1tb3uha2	383	4	factors	factor	NNS
cord-286274-1tb3uha2	383	5	across	across	IN
cord-286274-1tb3uha2	383	6	the	the	DT
cord-286274-1tb3uha2	383	7	European	european	JJ
cord-286274-1tb3uha2	383	8	equity	equity	NN
cord-286274-1tb3uha2	383	9	markets	market	NNS
cord-286274-1tb3uha2	383	10	Cyclical	cyclical	JJ
cord-286274-1tb3uha2	383	11	patterns	pattern	NNS
cord-286274-1tb3uha2	383	12	in	in	IN
cord-286274-1tb3uha2	383	13	profits	profit	NNS
cord-286274-1tb3uha2	383	14	,	,	,
cord-286274-1tb3uha2	383	15	provisioning	provisioning	NN
cord-286274-1tb3uha2	383	16	and	and	CC
cord-286274-1tb3uha2	383	17	lending	lending	NN
cord-286274-1tb3uha2	383	18	of	of	IN
cord-286274-1tb3uha2	383	19	banks	bank	NNS
cord-286274-1tb3uha2	383	20	and	and	CC
cord-286274-1tb3uha2	383	21	procyclicality	procyclicality	NN
cord-286274-1tb3uha2	383	22	of	of	IN
cord-286274-1tb3uha2	383	23	the	the	DT
cord-286274-1tb3uha2	383	24	new	new	JJ
cord-286274-1tb3uha2	383	25	Basel	Basel	NNP
cord-286274-1tb3uha2	383	26	capital	capital	NN
cord-286274-1tb3uha2	383	27	requirements	requirement	NNS
cord-286274-1tb3uha2	383	28	Essentials	essential	NNS
cord-286274-1tb3uha2	383	29	of	of	IN
cord-286274-1tb3uha2	383	30	investments	investment	NNS
cord-286274-1tb3uha2	383	31	Risk	risk	NN
cord-286274-1tb3uha2	383	32	diversity	diversity	NN
cord-286274-1tb3uha2	383	33	across	across	IN
cord-286274-1tb3uha2	383	34	restaurants	restaurant	NNS
cord-286274-1tb3uha2	383	35	Privatization	privatization	NN
cord-286274-1tb3uha2	383	36	and	and	CC
cord-286274-1tb3uha2	383	37	bank	bank	NN
cord-286274-1tb3uha2	383	38	performance	performance	NN
cord-286274-1tb3uha2	383	39	in	in	IN
cord-286274-1tb3uha2	383	40	developing	develop	VBG
cord-286274-1tb3uha2	383	41	countries	country	NNS
cord-286274-1tb3uha2	383	42	Nonstationary	Nonstationary	NNP
cord-286274-1tb3uha2	383	43	panels	panel	NNS
cord-286274-1tb3uha2	383	44	,	,	,
cord-286274-1tb3uha2	383	45	panel	panel	NN
cord-286274-1tb3uha2	383	46	cointegration	cointegration	NN
cord-286274-1tb3uha2	383	47	,	,	,
cord-286274-1tb3uha2	383	48	and	and	CC
cord-286274-1tb3uha2	383	49	dynamic	dynamic	JJ
cord-286274-1tb3uha2	383	50	panel	panel	NN
cord-286274-1tb3uha2	383	51	Determinants	determinant	NNS
cord-286274-1tb3uha2	383	52	of	of	IN
cord-286274-1tb3uha2	383	53	firm	firm	JJ
cord-286274-1tb3uha2	383	54	performance	performance	NN
cord-286274-1tb3uha2	384	1	Does	do	VBZ
cord-286274-1tb3uha2	384	2	corporate	corporate	JJ
cord-286274-1tb3uha2	384	3	growth	growth	NN
cord-286274-1tb3uha2	384	4	really	really	RB
cord-286274-1tb3uha2	384	5	matter	matter	VBP
cord-286274-1tb3uha2	384	6	in	in	IN
cord-286274-1tb3uha2	384	7	the	the	DT
cord-286274-1tb3uha2	384	8	restaurant	restaurant	NN
cord-286274-1tb3uha2	384	9	industry	industry	NN
cord-286274-1tb3uha2	384	10	?	?	.
cord-286274-1tb3uha2	385	1	Hotel	hotel	NN
cord-286274-1tb3uha2	385	2	stock	stock	NN
cord-286274-1tb3uha2	385	3	performance	performance	NN
cord-286274-1tb3uha2	385	4	and	and	CC
cord-286274-1tb3uha2	385	5	monetary	monetary	JJ
cord-286274-1tb3uha2	385	6	conditions	condition	NNS
cord-286274-1tb3uha2	386	1	Interactions	interaction	NNS
cord-286274-1tb3uha2	386	2	between	between	IN
cord-286274-1tb3uha2	386	3	business	business	NN
cord-286274-1tb3uha2	386	4	conditions	condition	NNS
cord-286274-1tb3uha2	386	5	and	and	CC
cord-286274-1tb3uha2	386	6	financial	financial	JJ
cord-286274-1tb3uha2	386	7	performance	performance	NN
cord-286274-1tb3uha2	386	8	of	of	IN
cord-286274-1tb3uha2	386	9	tourism	tourism	NN
cord-286274-1tb3uha2	386	10	firms	firm	NNS
cord-286274-1tb3uha2	386	11	:	:	:
cord-286274-1tb3uha2	386	12	evidence	evidence	NN
cord-286274-1tb3uha2	386	13	from	from	IN
cord-286274-1tb3uha2	386	14	China	China	NNP
cord-286274-1tb3uha2	386	15	and	and	CC
cord-286274-1tb3uha2	386	16	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	386	17	Macro	Macro	NNP
cord-286274-1tb3uha2	386	18	and	and	CC
cord-286274-1tb3uha2	386	19	non	non	JJ
cord-286274-1tb3uha2	386	20	-	-	JJ
cord-286274-1tb3uha2	386	21	macro	macro	JJ
cord-286274-1tb3uha2	386	22	explanatory	explanatory	JJ
cord-286274-1tb3uha2	386	23	factors	factor	NNS
cord-286274-1tb3uha2	386	24	of	of	IN
cord-286274-1tb3uha2	386	25	Chinese	chinese	JJ
cord-286274-1tb3uha2	386	26	hotel	hotel	NN
cord-286274-1tb3uha2	386	27	stock	stock	NN
cord-286274-1tb3uha2	386	28	returns	return	VBZ
cord-286274-1tb3uha2	386	29	The	the	DT
cord-286274-1tb3uha2	386	30	impact	impact	NN
cord-286274-1tb3uha2	386	31	of	of	IN
cord-286274-1tb3uha2	386	32	SARS	SARS	NNP
cord-286274-1tb3uha2	386	33	outbreak	outbreak	NN
cord-286274-1tb3uha2	386	34	on	on	IN
cord-286274-1tb3uha2	386	35	Taiwanese	taiwanese	JJ
cord-286274-1tb3uha2	386	36	hotel	hotel	NN
cord-286274-1tb3uha2	386	37	stock	stock	NN
cord-286274-1tb3uha2	386	38	returns	return	NNS
cord-286274-1tb3uha2	386	39	:	:	:
cord-286274-1tb3uha2	387	1	an	an	DT
cord-286274-1tb3uha2	387	2	event	event	NN
cord-286274-1tb3uha2	387	3	study	study	NN
cord-286274-1tb3uha2	387	4	approach	approach	NN
cord-286274-1tb3uha2	387	5	Tourism	Tourism	NNP
cord-286274-1tb3uha2	387	6	expansion	expansion	NN
cord-286274-1tb3uha2	387	7	and	and	CC
cord-286274-1tb3uha2	387	8	corporate	corporate	JJ
cord-286274-1tb3uha2	387	9	earnings	earning	NNS
cord-286274-1tb3uha2	387	10	in	in	IN
cord-286274-1tb3uha2	387	11	the	the	DT
cord-286274-1tb3uha2	387	12	tourism	tourism	NN
cord-286274-1tb3uha2	387	13	industry	industry	NN
cord-286274-1tb3uha2	388	1	The	the	DT
cord-286274-1tb3uha2	388	2	impact	impact	NN
cord-286274-1tb3uha2	388	3	of	of	IN
cord-286274-1tb3uha2	388	4	macroeconomic	macroeconomic	JJ
cord-286274-1tb3uha2	388	5	and	and	CC
cord-286274-1tb3uha2	388	6	nonmacroeconomic	nonmacroeconomic	JJ
cord-286274-1tb3uha2	388	7	forces	force	NNS
cord-286274-1tb3uha2	388	8	on	on	IN
cord-286274-1tb3uha2	388	9	hotel	hotel	NN
cord-286274-1tb3uha2	388	10	stock	stock	NN
cord-286274-1tb3uha2	388	11	returns	return	VBZ
cord-286274-1tb3uha2	388	12	The	the	DT
cord-286274-1tb3uha2	388	13	impact	impact	NN
cord-286274-1tb3uha2	388	14	of	of	IN
cord-286274-1tb3uha2	388	15	government	government	NN
cord-286274-1tb3uha2	388	16	weekend	weekend	NN
cord-286274-1tb3uha2	388	17	policy	policy	NN
cord-286274-1tb3uha2	388	18	changes	change	NNS
cord-286274-1tb3uha2	388	19	and	and	CC
cord-286274-1tb3uha2	388	20	foreign	foreign	JJ
cord-286274-1tb3uha2	388	21	institutional	institutional	JJ
cord-286274-1tb3uha2	388	22	holdings	holding	NNS
cord-286274-1tb3uha2	388	23	on	on	IN
cord-286274-1tb3uha2	388	24	weekly	weekly	JJ
cord-286274-1tb3uha2	388	25	effect	effect	NN
cord-286274-1tb3uha2	388	26	of	of	IN
cord-286274-1tb3uha2	388	27	tourism	tourism	NN
cord-286274-1tb3uha2	388	28	stock	stock	NN
cord-286274-1tb3uha2	388	29	performance	performance	NN
cord-286274-1tb3uha2	388	30	Cost	cost	NN
cord-286274-1tb3uha2	388	31	structure	structure	NN
cord-286274-1tb3uha2	388	32	and	and	CC
cord-286274-1tb3uha2	388	33	productivity	productivity	NN
cord-286274-1tb3uha2	388	34	growth	growth	NN
cord-286274-1tb3uha2	388	35	of	of	IN
cord-286274-1tb3uha2	388	36	the	the	DT
cord-286274-1tb3uha2	388	37	Taiwanese	taiwanese	JJ
cord-286274-1tb3uha2	388	38	international	international	JJ
cord-286274-1tb3uha2	388	39	tourist	tourist	NN
cord-286274-1tb3uha2	388	40	hotels	hotel	NNS
cord-286274-1tb3uha2	388	41	Developing	develop	VBG
cord-286274-1tb3uha2	388	42	an	an	DT
cord-286274-1tb3uha2	388	43	economic	economic	JJ
cord-286274-1tb3uha2	388	44	indicator	indicator	NN
cord-286274-1tb3uha2	388	45	system	system	NN
cord-286274-1tb3uha2	388	46	(	(	-LRB-
cord-286274-1tb3uha2	388	47	a	a	DT
cord-286274-1tb3uha2	388	48	forecasting	forecasting	NN
cord-286274-1tb3uha2	388	49	technique	technique	NN
cord-286274-1tb3uha2	388	50	)	)	-RRB-
cord-286274-1tb3uha2	388	51	for	for	IN
cord-286274-1tb3uha2	388	52	the	the	DT
cord-286274-1tb3uha2	388	53	hotel	hotel	NN
cord-286274-1tb3uha2	388	54	industry	industry	NN
cord-286274-1tb3uha2	388	55	Determinants	determinant	NNS
cord-286274-1tb3uha2	388	56	of	of	IN
cord-286274-1tb3uha2	388	57	hotel	hotel	NN
cord-286274-1tb3uha2	388	58	guests	guest	NNS
cord-286274-1tb3uha2	388	59	'	'	POS
cord-286274-1tb3uha2	388	60	satisfaction	satisfaction	NN
cord-286274-1tb3uha2	388	61	and	and	CC
cord-286274-1tb3uha2	388	62	repeat	repeat	VB
cord-286274-1tb3uha2	388	63	patronage	patronage	NN
cord-286274-1tb3uha2	388	64	in	in	IN
cord-286274-1tb3uha2	388	65	the	the	DT
cord-286274-1tb3uha2	388	66	Hong	Hong	NNP
cord-286274-1tb3uha2	388	67	Kong	Kong	NNP
cord-286274-1tb3uha2	388	68	hotel	hotel	NN
cord-286274-1tb3uha2	388	69	industry	industry	NN
cord-286274-1tb3uha2	388	70	Forecasting	forecasting	NN
cord-286274-1tb3uha2	388	71	industry	industry	NN
cord-286274-1tb3uha2	388	72	turning	turn	VBG
cord-286274-1tb3uha2	388	73	points	point	NNS
cord-286274-1tb3uha2	388	74	:	:	:
cord-286274-1tb3uha2	388	75	the	the	DT
cord-286274-1tb3uha2	388	76	US	US	NNP
cord-286274-1tb3uha2	388	77	hotel	hotel	NN
cord-286274-1tb3uha2	388	78	industry	industry	NN
cord-286274-1tb3uha2	388	79	cycle	cycle	NN
cord-286274-1tb3uha2	388	80	model	model	NN
cord-286274-1tb3uha2	389	1	An	an	DT
cord-286274-1tb3uha2	389	2	importance	importance	NN
cord-286274-1tb3uha2	389	3	-	-	HYPH
cord-286274-1tb3uha2	389	4	performance	performance	NN
cord-286274-1tb3uha2	389	5	analysis	analysis	NN
cord-286274-1tb3uha2	389	6	of	of	IN
cord-286274-1tb3uha2	389	7	hotel	hotel	NN
cord-286274-1tb3uha2	389	8	selection	selection	NN
cord-286274-1tb3uha2	389	9	factors	factor	NNS
cord-286274-1tb3uha2	389	10	in	in	IN
cord-286274-1tb3uha2	389	11	the	the	DT
cord-286274-1tb3uha2	389	12	Hong	Hong	NNP
cord-286274-1tb3uha2	389	13	Kong	Kong	NNP
cord-286274-1tb3uha2	389	14	hotel	hotel	NN
cord-286274-1tb3uha2	389	15	industry	industry	NN
cord-286274-1tb3uha2	389	16	:	:	:
cord-286274-1tb3uha2	389	17	a	a	DT
cord-286274-1tb3uha2	389	18	comparison	comparison	NN
cord-286274-1tb3uha2	389	19	of	of	IN
cord-286274-1tb3uha2	389	20	business	business	NN
cord-286274-1tb3uha2	389	21	and	and	CC
cord-286274-1tb3uha2	389	22	leisure	leisure	NN
cord-286274-1tb3uha2	389	23	travelers	traveler	NNS
cord-286274-1tb3uha2	389	24	Applied	Applied	NNP
cord-286274-1tb3uha2	389	25	econometrics	econometric	NNS
cord-286274-1tb3uha2	389	26	:	:	:
cord-286274-1tb3uha2	389	27	A	a	DT
cord-286274-1tb3uha2	389	28	modern	modern	JJ
cord-286274-1tb3uha2	389	29	approach	approach	NN
cord-286274-1tb3uha2	389	30	using	use	VBG
cord-286274-1tb3uha2	389	31	EViews	EViews	NNP
cord-286274-1tb3uha2	389	32	and	and	CC
cord-286274-1tb3uha2	389	33	Microfit	Microfit	NNP
cord-286274-1tb3uha2	389	34	Tourism	Tourism	NNP
cord-286274-1tb3uha2	389	35	as	as	IN
cord-286274-1tb3uha2	389	36	a	a	DT
cord-286274-1tb3uha2	389	37	long	long	RB
cord-286274-1tb3uha2	389	38	-	-	HYPH
cord-286274-1tb3uha2	389	39	run	run	NN
cord-286274-1tb3uha2	389	40	economic	economic	JJ
cord-286274-1tb3uha2	389	41	growth	growth	NN
cord-286274-1tb3uha2	389	42	factor	factor	NN
cord-286274-1tb3uha2	389	43	:	:	:
cord-286274-1tb3uha2	389	44	an	an	DT
cord-286274-1tb3uha2	389	45	empirical	empirical	JJ
cord-286274-1tb3uha2	389	46	investigation	investigation	NN
cord-286274-1tb3uha2	389	47	for	for	IN
cord-286274-1tb3uha2	389	48	Greece	Greece	NNP
cord-286274-1tb3uha2	389	49	using	use	VBG
cord-286274-1tb3uha2	389	50	causality	causality	NN
cord-286274-1tb3uha2	389	51	analysis	analysis	NN
cord-286274-1tb3uha2	389	52	Dividend	dividend	NN
cord-286274-1tb3uha2	389	53	yields	yield	NNS
cord-286274-1tb3uha2	389	54	and	and	CC
cord-286274-1tb3uha2	389	55	expected	expect	VBN
cord-286274-1tb3uha2	389	56	stock	stock	NN
cord-286274-1tb3uha2	389	57	returns	return	NNS
cord-286274-1tb3uha2	389	58	Impact	Impact	NNP
cord-286274-1tb3uha2	389	59	of	of	IN
cord-286274-1tb3uha2	389	60	tourism	tourism	NN
cord-286274-1tb3uha2	389	61	on	on	IN
cord-286274-1tb3uha2	389	62	economic	economic	JJ
cord-286274-1tb3uha2	389	63	growth	growth	NN
cord-286274-1tb3uha2	389	64	and	and	CC
cord-286274-1tb3uha2	389	65	development	development	NN
cord-286274-1tb3uha2	389	66	in	in	IN
cord-286274-1tb3uha2	389	67	Africa	Africa	NNP
cord-286274-1tb3uha2	389	68	Determinants	Determinants	NNP
cord-286274-1tb3uha2	389	69	of	of	IN
cord-286274-1tb3uha2	389	70	banking	banking	NN
cord-286274-1tb3uha2	389	71	system	system	NN
cord-286274-1tb3uha2	389	72	fragility	fragility	NN
cord-286274-1tb3uha2	389	73	:	:	:
cord-286274-1tb3uha2	389	74	a	a	DT
cord-286274-1tb3uha2	389	75	case	case	NN
cord-286274-1tb3uha2	389	76	study	study	NN
cord-286274-1tb3uha2	389	77	of	of	IN
cord-286274-1tb3uha2	389	78	Mexico	Mexico	NNP
cord-286274-1tb3uha2	389	79	Development	Development	NNP
cord-286274-1tb3uha2	389	80	of	of	IN
cord-286274-1tb3uha2	389	81	a	a	DT
cord-286274-1tb3uha2	389	82	profit	profit	NN
cord-286274-1tb3uha2	389	83	planning	planning	NN
cord-286274-1tb3uha2	389	84	framework	framework	NN
cord-286274-1tb3uha2	389	85	in	in	IN
cord-286274-1tb3uha2	389	86	an	an	DT
cord-286274-1tb3uha2	389	87	international	international	JJ
cord-286274-1tb3uha2	389	88	hotel	hotel	NN
cord-286274-1tb3uha2	389	89	chain	chain	NN
cord-286274-1tb3uha2	389	90	:	:	:
cord-286274-1tb3uha2	389	91	a	a	DT
cord-286274-1tb3uha2	389	92	case	case	NN
cord-286274-1tb3uha2	389	93	study	study	NN
cord-286274-1tb3uha2	389	94	Hotel	Hotel	NNP
cord-286274-1tb3uha2	389	95	and	and	CC
cord-286274-1tb3uha2	389	96	motel	motel	NN
cord-286274-1tb3uha2	389	97	management	management	NN
cord-286274-1tb3uha2	389	98	and	and	CC
cord-286274-1tb3uha2	389	99	operations	operation	NNS
cord-286274-1tb3uha2	389	100	Casino	casino	NN
cord-286274-1tb3uha2	389	101	firms	firm	NNS
cord-286274-1tb3uha2	389	102	'	'	POS
cord-286274-1tb3uha2	389	103	risk	risk	NN
cord-286274-1tb3uha2	389	104	features	feature	NNS
cord-286274-1tb3uha2	389	105	and	and	CC
cord-286274-1tb3uha2	389	106	their	-PRON-	PRP$
cord-286274-1tb3uha2	389	107	beta	beta	JJ
cord-286274-1tb3uha2	389	108	determinants	determinant	NNS
cord-286274-1tb3uha2	390	1	Is	be	VBZ
cord-286274-1tb3uha2	390	2	the	the	DT
cord-286274-1tb3uha2	390	3	tourism	tourism	NN
cord-286274-1tb3uha2	390	4	-	-	HYPH
cord-286274-1tb3uha2	390	5	led	lead	VBN
cord-286274-1tb3uha2	390	6	growth	growth	NN
cord-286274-1tb3uha2	390	7	hypothesis	hypothesis	NN
cord-286274-1tb3uha2	390	8	valid	valid	JJ
cord-286274-1tb3uha2	390	9	for	for	IN
cord-286274-1tb3uha2	390	10	Turkey	Turkey	NNP
cord-286274-1tb3uha2	390	11	?	?	.
cord-286274-1tb3uha2	391	1	Multivariate	multivariate	JJ
cord-286274-1tb3uha2	391	2	data	datum	NNS
cord-286274-1tb3uha2	391	3	analysis	analysis	NN
cord-286274-1tb3uha2	391	4	Firm	firm	JJ
cord-286274-1tb3uha2	391	5	size	size	NN
cord-286274-1tb3uha2	391	6	and	and	CC
cord-286274-1tb3uha2	391	7	profitability	profitability	NN
cord-286274-1tb3uha2	391	8	Specification	specification	NN
cord-286274-1tb3uha2	391	9	tests	test	NNS
cord-286274-1tb3uha2	391	10	in	in	IN
cord-286274-1tb3uha2	391	11	econometrics	econometrics	NN
cord-286274-1tb3uha2	391	12	Effects	effect	NNS
cord-286274-1tb3uha2	391	13	of	of	IN
cord-286274-1tb3uha2	391	14	key	key	JJ
cord-286274-1tb3uha2	391	15	issues	issue	NNS
cord-286274-1tb3uha2	391	16	on	on	IN
cord-286274-1tb3uha2	391	17	the	the	DT
cord-286274-1tb3uha2	391	18	financial	financial	JJ
cord-286274-1tb3uha2	391	19	performance	performance	NN
cord-286274-1tb3uha2	391	20	of	of	IN
cord-286274-1tb3uha2	391	21	hospitality	hospitality	NN
cord-286274-1tb3uha2	391	22	firms	firm	NNS
cord-286274-1tb3uha2	391	23	Analysis	Analysis	NNP
cord-286274-1tb3uha2	391	24	of	of	IN
cord-286274-1tb3uha2	391	25	panel	panel	NN
cord-286274-1tb3uha2	391	26	data	datum	NNS
cord-286274-1tb3uha2	391	27	Testing	Testing	NNP
cord-286274-1tb3uha2	391	28	unit	unit	NN
cord-286274-1tb3uha2	391	29	roots	root	NNS
cord-286274-1tb3uha2	391	30	in	in	IN
cord-286274-1tb3uha2	391	31	heterogeneous	heterogeneous	JJ
cord-286274-1tb3uha2	391	32	panels	panel	NNS
cord-286274-1tb3uha2	391	33	Financial	financial	JJ
cord-286274-1tb3uha2	391	34	portfolio	portfolio	NN
cord-286274-1tb3uha2	391	35	approach	approach	NN
cord-286274-1tb3uha2	391	36	to	to	IN
cord-286274-1tb3uha2	392	1	optimal	optimal	JJ
cord-286274-1tb3uha2	392	2	tourist	tourist	NN
cord-286274-1tb3uha2	392	3	market	market	NN
cord-286274-1tb3uha2	392	4	mixes	mix	VBZ
cord-286274-1tb3uha2	392	5	Corporate	corporate	JJ
cord-286274-1tb3uha2	392	6	liquidity	liquidity	NN
cord-286274-1tb3uha2	392	7	:	:	:
cord-286274-1tb3uha2	393	1	Management	management	NN
cord-286274-1tb3uha2	393	2	and	and	CC
cord-286274-1tb3uha2	393	3	measurement	measurement	NN
cord-286274-1tb3uha2	394	1	Why	why	WRB
cord-286274-1tb3uha2	394	2	is	be	VBZ
cord-286274-1tb3uha2	394	3	there	there	EX
cord-286274-1tb3uha2	394	4	a	a	DT
cord-286274-1tb3uha2	394	5	home	home	NN
cord-286274-1tb3uha2	394	6	bias	bias	NN
cord-286274-1tb3uha2	394	7	?	?	.
cord-286274-1tb3uha2	395	1	An	an	DT
cord-286274-1tb3uha2	395	2	analysis	analysis	NN
cord-286274-1tb3uha2	395	3	of	of	IN
cord-286274-1tb3uha2	395	4	foreign	foreign	JJ
cord-286274-1tb3uha2	395	5	portfolio	portfolio	NN
cord-286274-1tb3uha2	395	6	equity	equity	NN
cord-286274-1tb3uha2	395	7	ownership	ownership	NN
cord-286274-1tb3uha2	395	8	in	in	IN
cord-286274-1tb3uha2	395	9	Japan	Japan	NNP
cord-286274-1tb3uha2	395	10	Directors	Directors	NNPS
cord-286274-1tb3uha2	395	11	stock	stock	NN
cord-286274-1tb3uha2	395	12	ownership	ownership	NN
cord-286274-1tb3uha2	395	13	and	and	CC
cord-286274-1tb3uha2	395	14	organization	organization	NN
cord-286274-1tb3uha2	395	15	performance	performance	NN
cord-286274-1tb3uha2	395	16	:	:	:
cord-286274-1tb3uha2	395	17	an	an	DT
cord-286274-1tb3uha2	395	18	investigation	investigation	NN
cord-286274-1tb3uha2	395	19	of	of	IN
cord-286274-1tb3uha2	395	20	Fortune	Fortune	NNP
cord-286274-1tb3uha2	395	21	500	500	CD
cord-286274-1tb3uha2	395	22	companies	company	NNS
cord-286274-1tb3uha2	395	23	Tourism	Tourism	NNP
cord-286274-1tb3uha2	395	24	expansion	expansion	NN
cord-286274-1tb3uha2	395	25	and	and	CC
cord-286274-1tb3uha2	395	26	economic	economic	JJ
cord-286274-1tb3uha2	395	27	development	development	NN
cord-286274-1tb3uha2	395	28	:	:	:
cord-286274-1tb3uha2	395	29	the	the	DT
cord-286274-1tb3uha2	395	30	case	case	NN
cord-286274-1tb3uha2	395	31	of	of	IN
cord-286274-1tb3uha2	395	32	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	396	1	The	the	DT
cord-286274-1tb3uha2	396	2	determinants	determinant	NNS
cord-286274-1tb3uha2	396	3	of	of	IN
cord-286274-1tb3uha2	396	4	corporate	corporate	JJ
cord-286274-1tb3uha2	396	5	liquidity	liquidity	NN
cord-286274-1tb3uha2	396	6	:	:	:
cord-286274-1tb3uha2	396	7	theory	theory	NN
cord-286274-1tb3uha2	396	8	and	and	CC
cord-286274-1tb3uha2	396	9	evidence	evidence	NN
cord-286274-1tb3uha2	396	10	Tourism	tourism	NN
cord-286274-1tb3uha2	396	11	development	development	NN
cord-286274-1tb3uha2	396	12	and	and	CC
cord-286274-1tb3uha2	396	13	economic	economic	JJ
cord-286274-1tb3uha2	396	14	growth	growth	NN
cord-286274-1tb3uha2	396	15	:	:	:
cord-286274-1tb3uha2	396	16	a	a	DT
cord-286274-1tb3uha2	396	17	closer	close	JJR
cord-286274-1tb3uha2	396	18	look	look	NN
cord-286274-1tb3uha2	396	19	at	at	IN
cord-286274-1tb3uha2	396	20	panels	panel	NNS
cord-286274-1tb3uha2	396	21	.	.	.
cord-286274-1tb3uha2	397	1	Tourism	Tourism	NNP
cord-286274-1tb3uha2	397	2	Management	Management	NNP
cord-286274-1tb3uha2	397	3	Services	Services	NNPS
cord-286274-1tb3uha2	397	4	and	and	CC
cord-286274-1tb3uha2	397	5	the	the	DT
cord-286274-1tb3uha2	397	6	long	long	JJ
cord-286274-1tb3uha2	397	7	-	-	HYPH
cord-286274-1tb3uha2	397	8	term	term	NN
cord-286274-1tb3uha2	397	9	profitability	profitability	NN
cord-286274-1tb3uha2	397	10	in	in	IN
cord-286274-1tb3uha2	397	11	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	397	12	's	's	POS
cord-286274-1tb3uha2	397	13	banks	bank	NNS
cord-286274-1tb3uha2	398	1	Introduction	introduction	NN
cord-286274-1tb3uha2	398	2	to	to	IN
cord-286274-1tb3uha2	398	3	econometrics	econometrics	NN
cord-286274-1tb3uha2	398	4	Management	management	NN
cord-286274-1tb3uha2	398	5	ownership	ownership	NN
cord-286274-1tb3uha2	398	6	and	and	CC
cord-286274-1tb3uha2	398	7	market	market	NN
cord-286274-1tb3uha2	398	8	valuation	valuation	NN
cord-286274-1tb3uha2	398	9	:	:	:
cord-286274-1tb3uha2	398	10	an	an	DT
cord-286274-1tb3uha2	398	11	empirical	empirical	JJ
cord-286274-1tb3uha2	398	12	analysis	analysis	NN
cord-286274-1tb3uha2	398	13	Determinants	determinant	NNS
cord-286274-1tb3uha2	398	14	of	of	IN
cord-286274-1tb3uha2	398	15	corporate	corporate	JJ
cord-286274-1tb3uha2	398	16	borrowing	borrowing	NN
cord-286274-1tb3uha2	398	17	Intra	intra	JJ
cord-286274-1tb3uha2	398	18	-	-	JJ
cord-286274-1tb3uha2	398	19	industry	industry	NN
cord-286274-1tb3uha2	398	20	effects	effect	NNS
cord-286274-1tb3uha2	398	21	of	of	IN
cord-286274-1tb3uha2	398	22	bank	bank	NN
cord-286274-1tb3uha2	398	23	privatization	privatization	NN
cord-286274-1tb3uha2	398	24	:	:	:
cord-286274-1tb3uha2	398	25	a	a	DT
cord-286274-1tb3uha2	398	26	clinical	clinical	JJ
cord-286274-1tb3uha2	398	27	analysis	analysis	NN
cord-286274-1tb3uha2	398	28	of	of	IN
cord-286274-1tb3uha2	398	29	the	the	DT
cord-286274-1tb3uha2	398	30	privatization	privatization	NN
cord-286274-1tb3uha2	398	31	of	of	IN
cord-286274-1tb3uha2	398	32	the	the	DT
cord-286274-1tb3uha2	398	33	Commonwealth	Commonwealth	NNP
cord-286274-1tb3uha2	398	34	Bank	Bank	NNP
cord-286274-1tb3uha2	398	35	of	of	IN
cord-286274-1tb3uha2	398	36	Australia	Australia	NNP
cord-286274-1tb3uha2	398	37	Using	use	VBG
cord-286274-1tb3uha2	398	38	financial	financial	JJ
cord-286274-1tb3uha2	398	39	information	information	NN
cord-286274-1tb3uha2	398	40	to	to	TO
cord-286274-1tb3uha2	398	41	differentiate	differentiate	VB
cord-286274-1tb3uha2	398	42	failed	fail	VBN
cord-286274-1tb3uha2	398	43	vs.	vs.	IN
cord-286274-1tb3uha2	398	44	surviving	survive	VBG
cord-286274-1tb3uha2	398	45	finance	finance	NN
cord-286274-1tb3uha2	398	46	companies	company	NNS
cord-286274-1tb3uha2	398	47	in	in	IN
cord-286274-1tb3uha2	398	48	Thailand	Thailand	NNP
cord-286274-1tb3uha2	398	49	:	:	:
cord-286274-1tb3uha2	398	50	an	an	DT
cord-286274-1tb3uha2	398	51	application	application	NN
cord-286274-1tb3uha2	398	52	for	for	IN
cord-286274-1tb3uha2	398	53	emerging	emerge	VBG
cord-286274-1tb3uha2	398	54	economies	economy	NNS
cord-286274-1tb3uha2	398	55	Corporate	corporate	JJ
cord-286274-1tb3uha2	398	56	control	control	NN
cord-286274-1tb3uha2	398	57	and	and	CC
cord-286274-1tb3uha2	398	58	bank	bank	NN
cord-286274-1tb3uha2	398	59	efficiency	efficiency	NN
cord-286274-1tb3uha2	398	60	Management	Management	NNP
cord-286274-1tb3uha2	398	61	of	of	IN
cord-286274-1tb3uha2	398	62	customer	customer	NN
cord-286274-1tb3uha2	398	63	expectations	expectation	NNS
cord-286274-1tb3uha2	398	64	in	in	IN
cord-286274-1tb3uha2	398	65	service	service	NN
cord-286274-1tb3uha2	398	66	firms	firm	NNS
cord-286274-1tb3uha2	398	67	:	:	:
cord-286274-1tb3uha2	398	68	a	a	DT
cord-286274-1tb3uha2	398	69	study	study	NN
cord-286274-1tb3uha2	398	70	and	and	CC
cord-286274-1tb3uha2	398	71	a	a	DT
cord-286274-1tb3uha2	398	72	checklist	checklist	NN
cord-286274-1tb3uha2	398	73	Tourism	tourism	NN
cord-286274-1tb3uha2	398	74	as	as	IN
cord-286274-1tb3uha2	398	75	an	an	DT
cord-286274-1tb3uha2	398	76	economic	economic	JJ
cord-286274-1tb3uha2	398	77	growth	growth	NN
cord-286274-1tb3uha2	398	78	factor	factor	NN
cord-286274-1tb3uha2	398	79	:	:	:
cord-286274-1tb3uha2	398	80	a	a	DT
cord-286274-1tb3uha2	398	81	case	case	NN
cord-286274-1tb3uha2	398	82	study	study	NN
cord-286274-1tb3uha2	398	83	for	for	IN
cord-286274-1tb3uha2	398	84	Southern	southern	JJ
cord-286274-1tb3uha2	398	85	European	european	JJ
cord-286274-1tb3uha2	398	86	countries	country	NNS
cord-286274-1tb3uha2	398	87	Essentials	essential	NNS
cord-286274-1tb3uha2	398	88	of	of	IN
cord-286274-1tb3uha2	398	89	corporate	corporate	JJ
cord-286274-1tb3uha2	398	90	finance	finance	NN
cord-286274-1tb3uha2	398	91	Current	current	JJ
cord-286274-1tb3uha2	398	92	state	state	NN
cord-286274-1tb3uha2	398	93	of	of	IN
cord-286274-1tb3uha2	398	94	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	398	95	tourism	tourism	NN
cord-286274-1tb3uha2	398	96	since	since	IN
cord-286274-1tb3uha2	398	97	initiation	initiation	NN
cord-286274-1tb3uha2	398	98	of	of	IN
cord-286274-1tb3uha2	398	99	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	398	100	-	-	HYPH
cord-286274-1tb3uha2	398	101	China	China	NNP
cord-286274-1tb3uha2	398	102	direct	direct	JJ
cord-286274-1tb3uha2	398	103	flights	flight	NNS
cord-286274-1tb3uha2	399	1	The	the	DT
cord-286274-1tb3uha2	399	2	tourism	tourism	NN
cord-286274-1tb3uha2	399	3	-	-	HYPH
cord-286274-1tb3uha2	399	4	economy	economy	NN
cord-286274-1tb3uha2	399	5	causality	causality	NN
cord-286274-1tb3uha2	399	6	in	in	IN
cord-286274-1tb3uha2	399	7	the	the	DT
cord-286274-1tb3uha2	399	8	United	United	NNP
cord-286274-1tb3uha2	399	9	States	States	NNP
cord-286274-1tb3uha2	399	10	:	:	:
cord-286274-1tb3uha2	399	11	a	a	DT
cord-286274-1tb3uha2	399	12	sub	sub	JJ
cord-286274-1tb3uha2	399	13	-	-	JJ
cord-286274-1tb3uha2	399	14	industry	industry	JJ
cord-286274-1tb3uha2	399	15	level	level	NN
cord-286274-1tb3uha2	399	16	examination	examination	NN
cord-286274-1tb3uha2	399	17	Predicting	predict	VBG
cord-286274-1tb3uha2	399	18	bank	bank	NN
cord-286274-1tb3uha2	399	19	failures	failure	NNS
cord-286274-1tb3uha2	399	20	in	in	IN
cord-286274-1tb3uha2	399	21	the	the	DT
cord-286274-1tb3uha2	399	22	1980s	1980s	CD
cord-286274-1tb3uha2	399	23	.	.	.
cord-286274-1tb3uha2	400	1	Economic	Economic	NNP
cord-286274-1tb3uha2	400	2	Review	Review	NNP
cord-286274-1tb3uha2	400	3	-Federal	-Federal	NNP
cord-286274-1tb3uha2	400	4	Reserve	Reserve	NNP
cord-286274-1tb3uha2	400	5	Bank	Bank	NNP
cord-286274-1tb3uha2	400	6	of	of	IN
cord-286274-1tb3uha2	400	7	Cleveland	Cleveland	NNP
cord-286274-1tb3uha2	400	8	A	a	DT
cord-286274-1tb3uha2	400	9	normative	normative	JJ
cord-286274-1tb3uha2	400	10	approach	approach	NN
cord-286274-1tb3uha2	400	11	to	to	IN
cord-286274-1tb3uha2	400	12	tourism	tourism	NN
cord-286274-1tb3uha2	400	13	growth	growth	NN
cord-286274-1tb3uha2	400	14	to	to	IN
cord-286274-1tb3uha2	400	15	the	the	DT
cord-286274-1tb3uha2	400	16	year	year	NN
cord-286274-1tb3uha2	400	17	2000	2000	CD
cord-286274-1tb3uha2	401	1	A	a	DT
cord-286274-1tb3uha2	401	2	factor	factor	NN
cord-286274-1tb3uha2	401	3	-	-	HYPH
cord-286274-1tb3uha2	401	4	analytic	analytic	JJ
cord-286274-1tb3uha2	401	5	approach	approach	NN
cord-286274-1tb3uha2	401	6	to	to	IN
cord-286274-1tb3uha2	401	7	bank	bank	NN
cord-286274-1tb3uha2	401	8	condition	condition	NN
cord-286274-1tb3uha2	401	9	Financial	Financial	NNP
cord-286274-1tb3uha2	401	10	accounting	account	VBG
cord-286274-1tb3uha2	401	11	Financial	financial	JJ
cord-286274-1tb3uha2	401	12	support	support	NN
cord-286274-1tb3uha2	401	13	provided	provide	VBN
cord-286274-1tb3uha2	401	14	by	by	IN
cord-286274-1tb3uha2	401	15	the	the	DT
cord-286274-1tb3uha2	401	16	National	National	NNP
cord-286274-1tb3uha2	401	17	Science	Science	NNP
cord-286274-1tb3uha2	401	18	Council	Council	NNP
cord-286274-1tb3uha2	401	19	of	of	IN
cord-286274-1tb3uha2	401	20	Taiwan	Taiwan	NNP
cord-286274-1tb3uha2	402	1	(	(	-LRB-
cord-286274-1tb3uha2	402	2	Grant	Grant	NNP
cord-286274-1tb3uha2	403	1	No	no	UH
cord-286274-1tb3uha2	403	2	.	.	.
cord-286274-1tb3uha2	404	1	:	:	:
cord-286274-1tb3uha2	404	2	NSC	NSC	NNP
cord-286274-1tb3uha2	404	3	98	98	CD
cord-286274-1tb3uha2	405	1	-2410-H-194	-2410-H-194	:
cord-286274-1tb3uha2	405	2	-	-	HYPH
cord-286274-1tb3uha2	405	3	096-	096-	CD
cord-286274-1tb3uha2	405	4	)	)	-RRB-
cord-286274-1tb3uha2	405	5	is	be	VBZ
cord-286274-1tb3uha2	405	6	gratefully	gratefully	RB
cord-286274-1tb3uha2	405	7	acknowledged	acknowledge	VBN
cord-286274-1tb3uha2	405	8	.	.	.
cord-286274-1tb3uha2	406	1	I	-PRON-	PRP
cord-286274-1tb3uha2	406	2	wish	wish	VBP
cord-286274-1tb3uha2	406	3	to	to	TO
cord-286274-1tb3uha2	406	4	thank	thank	VB
cord-286274-1tb3uha2	406	5	the	the	DT
cord-286274-1tb3uha2	406	6	editor	editor	NN
cord-286274-1tb3uha2	406	7	,	,	,
cord-286274-1tb3uha2	406	8	Professor	Professor	NNP
cord-286274-1tb3uha2	406	9	Chris	Chris	NNP
cord-286274-1tb3uha2	406	10	Ryan	Ryan	NNP
cord-286274-1tb3uha2	406	11	,	,	,
cord-286274-1tb3uha2	406	12	and	and	CC
cord-286274-1tb3uha2	406	13	three	three	CD
cord-286274-1tb3uha2	406	14	anonymous	anonymous	JJ
cord-286274-1tb3uha2	406	15	referees	referee	NNS
cord-286274-1tb3uha2	406	16	for	for	IN
cord-286274-1tb3uha2	406	17	their	-PRON-	PRP$
cord-286274-1tb3uha2	406	18	constructive	constructive	JJ
cord-286274-1tb3uha2	406	19	comments	comment	NNS
cord-286274-1tb3uha2	406	20	.	.	.