上市公司财务业绩、IPO抑价与融资成本的关系研究——基于2010-2013年创业板经验数据

Research On The Relationship Between Financial Performance, IPO Underpricing And Financing Cost Of Listing Corporation——Based On 2010-2013 Years Of Experience In The GEM Board

创业板为中小企业提供了解决资金缺口困境的融资平台,但IPO融资成本是中小企业不得不考虑的问题。影响企业IPO融资成本的因素是多方面的,通过研究发现,上市公司财务业绩与公司融资成本负相关,IPO抑价与上市公司间接融资成本正相关,促使创业板上市公司合理化需要从承销机制、市场监管等方面进一步完善。

Gem provides a financing platform for SMEs to solve the problem of financing gap, but the cost of IPO financing is a problem that small and medium enterprises have to consider. Are many factors influence enterprise IPO financing cost, through the study found that the listed company＇s financial performance and corporate financing cost is negatively correlated, IPO price and listed companies＇ indirect financing cost is related, to promote the GEM listed companies rationalization needs to further improve the underwriting mechanism, market supervision and other aspects.