Abstract
Based on the modern securities market theory，this paper analyze the development of the
IPO market of China．We do some analysis of the influence of the correlation variables of the
securities market on the IPO market’s return by using VARMA model．Based on the analysis，we
found that there exist under-pricing appearance in the past three years in China IPO market．At last，
we give some explanatory for the under-pricing of the IPO market and several policy suggestions．
| Translated title of the contribution | Some analysis about Chinese’s IPO market |
|---|---|
| Original language | Chinese (Simplified) |
| Pages (from-to) | 45-52 |
| Journal | 管理科学学报 |
| Volume | 3 |
| Issue number | 1 |
| Publication status | Published - Mar 2000 |
| Externally published | Yes |
Research Keywords
- 证券一级市场
- 超额报酬率
- 认购中签率
- 发行量
- 发行价
- IPO market
- under-pricing
- issue volume
- issue price
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