摘要
结合文献研究法和回归分析,根据IPO招股说明书披露的公司股权结构和财务指标的内容,对IPO的信息披露质量进行检验。通过对2010-2016年在深交所中小板、创业板上市的908家公司的研究结果发现,公司规模、发行前全面摊薄市盈率等指标对IPO信息披露质量的解释性较强,但整体信息披露质量水平有待提高。
Combining the literature research method and regression analysis, according to the contents of company equity structure and financial indicators disclosed in the IPO prospectus, the quality of information disclosure of IPO is tested. Through the research on the 908 companies listed on the SME Board and the GEM of the Shenzhen Stock Exchange in 2010-2016, it finds that indicators such as company size and pre-release fully-divided P/E ratio have strong explanatory power on the quality of IPO information disclosure, but the overall quality level of information disclosure needs to be improved.
作者
刘雨涵
谢升峰
LIU Yu-han,XIE Sheng-feng(School of Business, Hubei University, Wuhan 430061, Chin)
出处
《价值工程》
2018年第27期97-100,共4页
Value Engineering
关键词
信息披露质量
股权结构
招股说明书
information disclosure quality
ownership structure
prospectus