我国上市公司IPO定价问题的一个实证研究

A Positive Study on IPOs Pricing of Listed Company in China

本文用描述统计、主成分分析、逐步回归等方法,对我国上市公司IPO定价问题进行了一个实证分析,揭示了不同阶段我国新股发行价格和发行市盈率的基本特征,得出了影响我国IPO定价的主要因素,并分阶段建立了几个多元回归模型,指出各主要因素对新股发行价格具有显著性影响。

This paper made a positive analysis on IPOs pricing of listed company in China by using the methods of descriptive statistic, principal component analysis, stepwise regression, multiple regression analysis. It revealed some basic character of IPOs price and P/E in different stage, found some key factors which influenced the IPOs pricing in China, set up several multiple regression models in different stage, and pointed out that those key factors have significance influenced on IPOs price.