@incollection{,
	
					
					
					241A7837BCF108A8F4C5A7BE278A8953
				,
	author={{Yi-HongLin} and {Teik-WeiYoon} and {Annuar Bin MdNassir} and {Chung-SinYoon}},
	journal={{Global Journal of Human Social Sciences}},
	journal={{GJHSS}}2249-460X0975-587X10.34257/GJHSS,
	address={Cambridge, United States},
	publisher={Global Journals Organisation}217111
}

@incollection{b0,
	
	
		,
	title={{On the anticipation of IPO under pricing: Evidence from equity carve-outs}}
		,
	author={{
			LMBenveniste
		} and {
			HFu
		} and {
			PJSeguin
		} and {
			XYu
		}}
		
		
		
	
	
		,
	journal={{Journal of Corporate Finance}}
		
			14
			5
			
			,
	year={2008}
		
	

}

@incollection{b1,
	
	
		,
	title={{Diversification's Effect on Firm Value}}
		,
	author={{
			PBerger
		} and {
			EOfek
		}}
		
	
	
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	journal={{Journal of Financial Economics}}
		
			37
			
			,
	year={1995}
		
	

}

@incollection{b2,
	
	
		,
	title={{Event-study methodology under conditions of eventinduced variance}}
		,
	author={{
			EBoehmer
		} and {
			JMasumeci
		} and {
			ABPoulsen
		}}
		
		
	
	
		,
	journal={{Journal of Financial Economics}}
		
			30
			2
			
			,
	year={1991}
		
	

}

@incollection{b3,
	
	
		,
	title={{Using daily stock returns: The case of event studies}}
		,
	author={{
			SJBrown
		} and {
			JBWarner
		}}
		
	
	
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	journal={{Journal of Financial Economics}}
		
			14
			1
			
			,
	year={1985}
		
	

}

@incollection{b4,
	
	
		,
	title={{Corporate focus and stock returns}}
		,
	author={{
			RComment
		} and {
			GAJarrell
		}}
		
	
	
		,
	journal={{Journal of Financial Economics}}
		
			37
			1
			
			,
	year={1995}
		
	

}

@incollection{b5,
	
	
		,
	title={{The Specification and Power of the Sign Test in Event Study Hypothesis Tests Using Daily Stock Returns}}
		,
	author={{
			CJCorrado
		} and {
			TLZivney
		}}
		
	
	
		,
	journal={{The Journal of Financial and Quantitative Analysis}}
		
			27
			3
			
			,
	year={1992}
		
	

}

@incollection{b6,
	
	
		,
	title={{Nonparametric event study tests}}
		,
	author={{
			ARCowan
		}}
	
	
		,
	journal={{Review of Quantitative Finance and Accounting}}
		
			2
			
			,
	year={1992}
		
	

}

@incollection{b7,
	
	
		,
	title={{Do analysts add value when they most can? Evidence from corporate spin-offs}}
		,
	author={{
			FREmilie
		} and {
			SCGilson
		} and {
			BVillalonga
		}}
		
		
	
	
		,
	journal={{Strategic Management Journal}}
		
			35
			
			,
	year={2014}
		
	

}

@incollection{b8,
	
	
		,
	title={{Literature review of spin off listing}}
		,
	author={{
			HXGuo
		} and {
			DWang
		}}
		
	
	
		,
	journal={{Securities Market Herald}}
		
			2
			
			,
	year={2010}
		
	

}

@book{b9,
	
	
		,
	title={{Research on Stock Price Performance of China's Listed Companies to Split Subsidiaries to IPO}}
		,
	author={{
			YHaiyun
		}}
		
			,
	year={2011}
			
		
		
			Journal of Harbin University of Commerce
		
	

}

@incollection{b10,
	
	
		,
	title={{On the Removal of Skewness by Transformation}}
		,
	author={{
			PHall
		}}
	
	
		,
	journal={{Journal of the Royal Statistical Society. Series B (Methodological)}}
		
			54
			1
			
			,
	year={1992}
		
	

}

@incollection{b11,
	
	
		,
	title={{The Pricing of Equity Carve-Outs During the 1990s}}
		,
	author={{
			KMHogan
		} and {
			GTOlson
		}}
		
	
	
		,
	journal={{Journal of Financial Research}}
		
			27
			4
			
			,
	year={2004}
		
	
	,
	note={Forthcoming}

}

@incollection{b12,
	
	
		,
	title={{Research on spin-offs and equity value of parent company}}
		,
	author={{
			WHuachuan
		} and {
			CXiaoke
		}}
		
	
	
		,
	journal={{Management World}}
		
			
			,
	year={2003}
		
	

}

@incollection{b13,
	
	
		,
	title={{Event study testing with cross-sectional correlation of abnormal returns}}
		,
	author={{
			JWKolari
		} and {
			SPynnönen
		}}
		
	
	
		,
	journal={{Review of Financial Studies}}
		
			23
			11
			
			,
	year={2010}
		
	

}

@incollection{b14,
	
	
		,
	title={{Nonparametric rank tests for event studies}}
		,
	author={{
			JWKolari
		} and {
			SPynnonen
		}}
		
	
	
		,
	journal={{Journal of Empirical Finance}}
		
			18
			5
			
			,
	year={2011}
		
	

}

@incollection{b15,
	
	
		,
	title={{An Empirical Study of Excess Return from Chinese Listed Companies' Equity Carve-Outs in Overseas Capital Markets}}
		,
	author={{
			LLi
		} and {
			LKongtuan
		} and {
			THairu
		}}
		
		
	
	
		,
	journal={{Journal of Huaqiao University}}
		
			
			,
	year={2012}
		
	

}

@book{b16,
	
	
		,
	title={{Spin-off listing and Shareholder Value Creation. Economic Management}}
		,
	author={{
			QLi
		} and {
			YWang
		} and {
			HHan
		}}
		
		
		
			,
	year={2004}
			8
			
		
	

}

@incollection{b17,
	
	
		,
	title={{The long-term performance of parent and units following equity carve-outs}}
		,
	author={{
			JMadura
		} and {
			TDNixon
		}}
		
	
	
		,
	journal={{Applied Financial Economics}}
		
			
			,
	year={2002}
		
	

}

@incollection{b18,
	
	
		,
	title={{Politically linked spin-offs: evidence from Malaysia}}
		,
	author={{
			ZNadisah
		} and {
			GCArnold
		}}
		
	
	
		,
	journal={{International Journal of Bonds and Derivatives}}
		
			2
			4
			
			,
	year={2016}
		
	

}

@incollection{b19,
	
	
		,
	title={{On the Good News in Equity Carve-Outs}}
		,
	author={{
			VNanda
		}}
	
	
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	journal={{The Journal of Finance}}
		
			46
			5
			
			,
	year={1991}
		
	

}

@incollection{b20,
	
	
		,
	title={{Gains from equity carve-outs and subsequent events}}
		,
	author={{
			MOtsubo
		}}
	
	
		,
	journal={{Journal of Business Research}}
		
			
			,
	year={2009}
		
	

}

@incollection{b21,
	
	
		,
	title={{Corporate forecasts of earnings per share and stock price behavior: Empirical test}}
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	author={{
			JPatell
		}}
	
	
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	journal={{Journal of Accounting Research}}
		
			14
			2
			
			,
	year={1976}
		
	

}

@incollection{b22,
	
	
		,
	title={{Unlocking value: Equity carve outs as strategic real options}}
		,
	author={{
			EPerotti
		} and {
			SRossetto
		}}
		
	
	
		,
	journal={{Journal of Corporate Finance}}
		
			13
			5
			
			,
	year={2007}
		
	

}

@incollection{b23,
	
	
		,
	title={{The Pricing of Equity Carve-Outs}}
		,
	author={{
			APPrezas
		} and {
			MTarimcilar
		} and {
			GKVasudevan
		}}
		
		
	
	
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	journal={{Financial Review}}
		
			
			,
	year={2000}
		
	

}

@incollection{b24,
	
	
		,
	title={{The Long-run Performance of Initial Public Offerings}}
		,
	author={{
			JRitter
		}}
	
	
		,
	journal={{Journal of Finance}}
		
			
			,
	year={1991}
		
	

}

@incollection{b25,
	
	
		,
	title={{A comparison of equity carve-outs and seasoned equity offerings: Share price effects and corporate restructuring}}
		,
	author={{
			KSchipper
		} and {
			ASmith
		}}
		
	
	
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	journal={{Journal of Financial Economics}}
		
			15
			1-2
			
			,
	year={1986}
		
	

}

@incollection{b26,
	
	
		,
	title={{A comparison of the information conveyed by equity carve-outs, spin-offs, and asset sell-offs}}
		,
	author={{
			MBSlovin
		} and {
			MESushka
		} and {
			SRFerraro
		}}
		
		
	
	
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	journal={{Journal of Financial Economics}}
		
			
			,
	year={1995}
		
	

}

@incollection{b27,
	
	
		,
	title={{Long-term Returns from Equity Carveouts}}
		,
	author={{
			AMVijh
		}}
	
	
		,
	journal={{Journal of Financial Economics}}
		
			51
			
			,
	year={1999}
		
	

}

@incollection{b28,
	
	
		,
	title={{The Positive Announcement-Period Returns of Equity Carveouts: Asymmetric Information or Divestiture Gains}}
		,
	author={{
			AMVijh
		}}
	
	
		,
	journal={{Journal of Business}}
		
			
			,
	year={2002}
		
	

}

@book{b29,
	
	
		,
	title={{22 companies plan to spin off subsidiaries to list on the domestic market}}
		
		
			,
	year={2020}
		
	
	,
	note={Retrieved 5 7, 2020, from}

}

@book{b30,
	
	
		,
	title={{A Study on the Market Reaction of China's Listed companies on spin-offs: A Case Study based on the Northeast Northeast High-speed}}
		,
	author={{
			ZYong
		} and {
			LLi
		} and {
			THairu
		}}
		
		
		
			,
	year={2011}
			
			,
	address={Shanghai Finance}
		
	

}

@incollection{b31,
	
	
		,
	title={{Mechanism Of Value Creation During Equity Carveout On Domestic GEB}}
		,
	author={{
			LYongze
		} and {
			TDapeng
		} and {
			YKun
		} and {
			JXingfei
		}}
		
		
		
	
	
		,
	journal={{Journal of Nanjing Audit University}}
		
			
			,
	year={2012}
		
	

}

@book{b32,
	
	
		,
	title={{Cross-Sectional Correlation from Period Based Subsampling}}
		,
	author={{
			AnnuarYoon
		} and {
			Yoon
		}}
		
		
			,
	year={2019}
		
	

}