该文以2005—2011年的A股IPO(initial public offerings)为样本,结合新股频繁破发的市场背景,引入定价偏离度的概念,系统地研究了IPO发行公司股东特征对新股定价效率的影响。研究发现,IPO定价效率与外资股份的出现正相关,而与国有股份...该文以2005—2011年的A股IPO(initial public offerings)为样本,结合新股频繁破发的市场背景,引入定价偏离度的概念,系统地研究了IPO发行公司股东特征对新股定价效率的影响。研究发现,IPO定价效率与外资股份的出现正相关,而与国有股份和创投股份的出现负相关。从股东参与公司治理的角度看,发起人股东或董事的持股份比例与IPO的定价效率正相关。进一步的分析表明,国有股份更容易引起IPO抑价,而创投股份则更容易引起IPO破发。该文的研究从发行人股东特征的角度分析影响IPO定价效率的因素,为了解和提高中国股票市场的IPO定价效率提供了新的视角。展开更多
Retail stores are responsible for large energy consumption, which requires more intensified action to improve energy efficiency. Effective energy management can improve energy efficiency in retail stores. However, it...Retail stores are responsible for large energy consumption, which requires more intensified action to improve energy efficiency. Effective energy management can improve energy efficiency in retail stores. However, it is a challenge to implement energy management in retail stores due to different stakeholders’ roles and diverse store features. Literally, technical and management aspects of energy management have received much attention in research. However, limited studies systemically investigate internal and external factors and stakeholders’ involvement in the energy management of retail buildings. With multi-cases in the Philippines, this paper examines the energy profiles in retail stores and develops an assessment for energy management in retail stores. The assessment includes store features, internal and external stakeholders, climate, electricity price and grid condition, energy consumption, and management. The assessment can assist retail stores to develop their energy management plans with their store profile.展开更多
文摘该文以2005—2011年的A股IPO(initial public offerings)为样本,结合新股频繁破发的市场背景,引入定价偏离度的概念,系统地研究了IPO发行公司股东特征对新股定价效率的影响。研究发现,IPO定价效率与外资股份的出现正相关,而与国有股份和创投股份的出现负相关。从股东参与公司治理的角度看,发起人股东或董事的持股份比例与IPO的定价效率正相关。进一步的分析表明,国有股份更容易引起IPO抑价,而创投股份则更容易引起IPO破发。该文的研究从发行人股东特征的角度分析影响IPO定价效率的因素,为了解和提高中国股票市场的IPO定价效率提供了新的视角。
文摘Retail stores are responsible for large energy consumption, which requires more intensified action to improve energy efficiency. Effective energy management can improve energy efficiency in retail stores. However, it is a challenge to implement energy management in retail stores due to different stakeholders’ roles and diverse store features. Literally, technical and management aspects of energy management have received much attention in research. However, limited studies systemically investigate internal and external factors and stakeholders’ involvement in the energy management of retail buildings. With multi-cases in the Philippines, this paper examines the energy profiles in retail stores and develops an assessment for energy management in retail stores. The assessment includes store features, internal and external stakeholders, climate, electricity price and grid condition, energy consumption, and management. The assessment can assist retail stores to develop their energy management plans with their store profile.
