id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ajfa-1518	Zakaria, Nadisah; Arnold, Glen Christopher	Do Malaysian spin-offs create value?	2012	22	.pdf	application/pdf	8776	405	61	Overall, these findings imply that spin-offs produce positive abnormal share returns in the short-run period; but fail to demonstrate abnormal performance after adjusting for size in the long-run period. The test-statistic for the monthly buy and hold abnormal returns,  21 , ttBHAR during the clustering period from t1 to period t2 is calculated as:  	cache/ajfa-1518.pdf	txt/ajfa-1518.txt