摘要
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。
By taking the stock samples of full circulation IPO from both Shanghai and Shenzhen Stock Market, using the heteroscedasficity and autocorrelation consistent covariances developed by Newey and West, this paper makes an empirical study of the IPO under-pricing ailer the full circulation in China. Then suggestions on how to reduce the China IPO under-pricing are proposed.
出处
《改革与战略》
北大核心
2008年第9期66-69,共4页
Reformation & Strategy
基金
广西教育厅科研资助项目(项目批准号:200702MS066)
广西工学院科学基金资助(项目批准号:院科社0704105)
关键词
回归方法
全流通
IPO抑价
regression analysis method
full circulation
IPO under-pricing
