摘要
通过对影响投资银行市场份额因素的检验,验证我国投资银行声誉形成机制的有效性。选取2000-2004年IPO市场数据进行实证研究,结果表明,成熟市场中有显著影响力的因素在我国的影响并不显著,具有显著影响力的是一些具有中国特色的因素。这说明我国投资银行有损投资者利益的行为并未得到有效惩罚,投资银行声誉形成机制失效。
Through a test of the influencing factors for investment banking market share, the effectiveness of China＇s investment banks＇ reputation formation mechanism is verified. An empirical research is made on the 2000 -2004 IPO market data, showing that the factors in mature markets with significant influence illustrate in our country no significance,while factors with significant influence are those with Chinese characteristics. This shows that China＇s investment bank acts prejudicial to the interests of investors and has not received effective punishment, investment banks reputation formation mechanism fails.
出处
《河南金融管理干部学院学报》
CSSCI
北大核心
2009年第1期17-20,共4页
Journal of Henan College of Financial Management Cadres
关键词
投资银行
市场份额
影响因素
声誉形成机制
investment bank
market shares
influencing factors
reputation formation mechanism
