本文關(guān)鍵詞：私募股權(quán)投資的決定因素和對我國IPO影響實證研究　出處：《上海交通大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 私募股權(quán)投資 IPO抑價 認(rèn)證作用 業(yè)績表現(xiàn) 盈利增長

【摘要】：本文重點探討了私募股權(quán)投資(Private Equity,PE)在中國資本市場中起到的作用。在2008年-2010年每年上市的公司中各隨機(jī)抽取50家公司,從其招股說明書中手動搜集研究所需數(shù)據(jù)。本文采用Logit模型研究PE投資的決定因素,并用多元回歸模型探討PE投資對公司上市后業(yè)績表現(xiàn)的影響情況。本文首先概述了中國PE行業(yè)的產(chǎn)生和發(fā)展概況,并介紹了近年來PE行業(yè)在投資、募資和退出方面情況的描述性統(tǒng)計數(shù)據(jù)。在選取的150家上市公司中,77家有PE投資背景,這表明了PE投資在我國上市公司中已普遍存在。Logit模型分析結(jié)果表明是否能引入PE投資取決于擬上市所屬行業(yè)、盈利能力和盈利增長性。進(jìn)一步的回歸分析結(jié)果表明PE投資與IPO抑價呈正相關(guān)。
[Abstract]:This paper focuses on private equity investment and private Equity. PE) plays a role in the Chinese capital market. From 2008 to 2010, 50 companies were randomly selected from each of the listed companies. This paper studies the determinants of PE investment by using Logit model to collect the research data manually from its prospectus. Using multiple regression model to explore the impact of PE investment on the performance of the company after listing. Firstly, this paper summarizes the emergence and development of PE industry in China, and introduces the PE industry investment in recent years. Descriptive statistics on fundraising and withdrawal. 77 out of 150 listed companies have PE investment background. This shows that PE investment in listed companies in our country has been widespread. Logit model analysis results show that whether PE investment can be introduced depends on the industry to be listed. Further regression analysis showed that PE investment was positively correlated with IPO underpricing.
【學(xué)位授予單位】：上海交通大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F832.6;F832.5

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本文編號：1388542