1) IPO underpricing
IPO折价
1.
Empirical Study on The Relationship Between Accounting Firms Reputation and IPO Underpricing;
会计师事务所声誉与IPO折价关系的实证研究
2.
Via a rational expectation equilibrium model,the paper firstly demonstrates disclosure is positively related to equilibrium price expectation and quantitatively identifies information risk premium induced by information asymmetry between traders so as to demonstrate that disclosure helps to reduce IPO underpricing from macro view.
通过一个理性预期均衡模型,证明信息披露与均衡价格期望正相关,并量化确定交易者间信息不对称导致的信息风险贴水,从宏观角度论证了信息披露有助于降低IPO折价。
3.
We find IPO underpricing can be explained well by separating eqilibrium hypothesis.
IPO折价是金融学界的一个难解之迷,金融学家对此提出了各种各样的理论假说。
2) IPO discount
IPO折价
1.
The Explanation of IPO Discount in Behavioral Finance;
IPO折价现象的行为金融学解释
2.
Our country s IPO discount has its special causes, one is that the issue price is lower because of its non-marketing determination, the other is the trade price in the secondary securities market is higher because its controlled determination.
股票市场中IPO折价现象已引起学术界的广泛关注,并形成了一系列的理论解释。
3.
The IPO discount phenomenon is common in Chinese and foreign securities market.
IPO折价现象是中外证券市场上普遍存在的一种现象。
3) IPO discount puzzle
IPO折价之谜
1.
The IPO discount puzzle is one of the puzzles about IPO issue.
在IPO折价之谜提出之后的20多年里,国外许多学者提出了各种各样的假说,但它们与证券市场上所发生的事实仍有很大出入,因而无法令人满意。
4) IPO underpricing
IPO抑价
1.
Social Capital,Law Protection of Minority Investors and IPO Underpricing;
社会资本、法律对中小投资者的保护和IPO抑价
2.
Empirical Analysis on the Relationships between the Reputation of Investment Banks and IPO Underpricing:Based on Chinese Stock Market;
投行声誉和IPO抑价:中国股票发行市场的实证分析
3.
Empirical research into IPO underpricing in the entire circulation age;
全流通时期IPO抑价实证研究
5) IPO under-pricing
IPO抑价
1.
Research on Chinese Securities Market Institutions and IPO Under-pricing;
我国证券市场制度与IPO抑价研究
2.
The problem of IPO under-pricing exists in global new stock markets universally.
IPO抑价问题普遍存在于全球新股发行市场,到目前为止,IPO抑价仍然是困扰金融学界的难题,国内外许多学者从不同的理论和实证角度对这一现象进行了解释。
3.
By taking the stock samples of full circulation IPO from both Shanghai and Shenzhen Stock Market, using the heteroscedasticity and autocorrelation consistent covariances developed by Newey and West, this paper makes an empirical study of the IPO under-pricing after the full circulation in China.
文章以实行全流通发行并上市的国内股票为样本,使用Newey—West提出的异方差和自相关一致协方差回归方法,对影响IPO抑价的因素进行实证分析,并提出了降低中国IPO抑价的建议。
6) IPO pricing
IPO定价
1.
Besides the basic financial information disclosed by corporations, a few signals such as capital structure, dividends, operation risks and market risks might effect IPO pricing.
利用中国A股市场(1992 2002)不同时期信息披露规则条件的数据来检验Leland＆Pyle信号模型(资本结构信号模型),Bhattacharya信号模型(股利信号模型)和多变量信号模型,结果强化了前两种信号在定价过程中的稳健性,同时也显示出公司资产负债比率、市场风险等也对IPO定价产生影响。
2.
In China stock market,the IPO pricing,underpricing and the stock price deviation from it s value make the newly-issued stock s long-run performance underperform the market and also make the market inefficient.
要解决IPO定价、抑价等问题,应该消除IPO市场上的乐观根源,大力发展壮大机构投资者。
3.
The research objectives are to objectively describe IPO pricing of banks since 1999, research the relationship among factors and IPO pricing, and give suggestions about improving IPO pricing through the compositive method of theory analysis and exper.
本文的研究目的就在于通过理论分析与实证研究相结合，客观描述自1999年以来我国银行股首次公开发行的定价问题，研究各种影响因素与IPO定价之间的关系，并提出改善IPO定价水平的政策建议，对后继上市的银行起到一定的借鉴和参考作用。
补充资料：IPO
IPO就是initial public offerings(首次公开发行股票）, 即首次公开上市，英文全称。
首次公开招股是指一家私人企业第一次将它的股份向公众出售。通常，上市公司的股份是根据向相应证券会出具的招股书或登记声明中约定的条款通过经纪商或做市商进行销售。一般来说，一旦首次公开上市完成后，这家公司就可以申请到证券交易所或报价系统挂牌交易。
另外一种获得在证券交易所或报价系统挂牌交易的可行方法是在招股书或登记声明中约定允许私人公司将它们的股份向公众销售。这些股份被认为是"自由交易"的，从而使得这家企业达到在证券交易所或报价系统挂牌交易的要求条件。 大多数证券交易所或报价系统对上市公司在拥有最少自由交易股票数量的股东人数方面有着硬性规定。
为什么这么长时间才实行IPO，因为最近一年的主要任务是股改经过一年的股改，这个任务才基本结束，那么股市当然就要恢复它的基本功能了。
除了IPO外，还可通过增发，配股，发行债券等融资手段。
IPO带来的好处那就是给股市带来新的血液，好的投资品种，给股民好的投资回报。
募集资金
流通性好
树立名声
回报个人和风投的投入