制度变迁、市场失衡与上市公司IPO超额融资被引量：1

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摘要 2009年度IPO市场普遍出现了超额融资现象,出现这种现象的原因是发行制度变迁与市场供需失衡引致IPO定价非均衡,以及控制股东及主承销商受利益驱动而产生推高发行价的合谋行为。常态超募现象频发可能导致定价机制失灵、资金利用率低及侵害中小股东利益等问题,因而应加强超募资金监管、完善发行及保荐制度。

作者刘少波李锦霖

机构地区暨南大学金融研究所

出处《暨南学报（哲学社会科学版）》 CSSCI 北大核心 2011年第6期34-40,共7页 Jinan Journal(Philosophy and Social Sciences)

基金教育部人文社会科学规划项目<公平披露规则对证券市场信息环境的影响研究>(批准号:10YJA790118)

关键词 IPO 超额融资制度变迁

分类号 F830.9 [经济管理—金融学]

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参考文献11

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