文献类型：期刊文章

作　　者：韩德宗[1] 陈静[1]

机构地区：[1]杭州商学院金融系

出　　处：《统计研究》

基　　金：包兆龙包玉刚基金的资助

年　　份：2001

卷　　号：18

期　　号：4

起止页码：29-35

语　　种：中文

收录情况：BDHX、BDHX2000、CSSCI、CSSCI2000_2002、NSSD、RWSKHX、SKJJZZ、核心刊

摘　　要：This paper studies the price behaviors of IPO in China and analyses their causes by multi variable regression models. This paper finds that underpricing of IPO in China is the most serious in the world; there is “hot issue” market; underpricing of IPO has positive correlation with the market condition and market value, and negative correlation with the amount of raising fund, and no obvious correlation with the price earning ratio in China. This paper draws the conclusion that a marketable IPO system should be set up in China as soon as possible.

关 键 词：IPO 定价偏低  实证研究 超额报酬率 股票二级市场 中国  股票市场

分 类 号：F832.51[金融学类]