本文關(guān)鍵詞： 抑價(jià) 定價(jià) 新股發(fā)行 詢價(jià)　出處：《復(fù)旦大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

【摘要】：新股抑價(jià)現(xiàn)象是指新股在第一天上市時(shí)存在不尋常的超額收益率。雖然我國(guó)已經(jīng)反反復(fù)復(fù)進(jìn)行了多次改革,但我國(guó)證券市場(chǎng)的新股抑價(jià)水平仍高于其他成熟市場(chǎng)。本文以2000-2014年滬深A(yù)股中的1663只新股為樣本,對(duì)我國(guó)A股市場(chǎng)的首次公開發(fā)行抑價(jià)現(xiàn)象及新股發(fā)行體制進(jìn)行全面的研究,試圖尋找影響新股抑價(jià)的因素,同時(shí)對(duì)于發(fā)行制度對(duì)新股定價(jià)的影響做了實(shí)證研究。最后基于研究結(jié)果提出了一些建議。
[Abstract]:The phenomenon of underpricing of new shares refers to the unusual excess returns of new shares on the first day of listing, although China has carried out many reforms over and over again. However, the underpricing level of new shares in China's securities market is still higher than that in other mature markets. This paper takes 1663 new shares in Shanghai and Shenzhen A shares from 2000 to 2014 as samples. This paper makes a comprehensive study on the underpricing phenomenon of initial public offering (IPO) and the new issue system in China's A-share market, and tries to find out the factors that affect the IPO underpricing. At the same time, the paper makes an empirical study on the impact of the issuing system on the pricing of new shares, and finally puts forward some suggestions based on the results of the research.
【學(xué)位授予單位】：復(fù)旦大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類號(hào)】：F832.51

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相關(guān)期刊論文 前1條

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本文編號(hào)：1468225