A股市场IPO抑价实证研究

Empirical analysis of the underpricing of Initial Public Offerings in A-share market

以最新的数据作为研究样本,采用统计学上的研究方法——回归分析法,深入分析研究我国上市公司的IPO抑价率,探求其形成的原因和其影响因素。本研究将不仅能丰富现有的关于IPO抑价的理论假说,也能对完善我国IPO抑价的政策制定提供建议和借鉴,对提高我国上市公司的资本运作水平、更加有效地发挥股票回购协调公司权益结构的作用、完善上市公司治理、丰富我国资本市场的内涵会具有较大的理论价值和实践意义。

In this paper, I select the newest company＇s data as sample for in-depth analysis of listed companies in China IPO underpricing, use statistical research method-Regression analysis, and explore the reasons for its formation and its impact factors. This study will not only enrich the existing theories on IPO underpricing hypothesis, but also can improve the underpricing of IPO＇s policy to provide advice and learn, to improve the operation of listed company＇s capital level, more effectively and share buybacks Interest in the role of coordination structure, improve corporate governance and enrich the connotation of China＇s capital market will have greater theoretical and practical significance.