Accès libre

Analysis of IPO pricing efficiency under the registration system

 et    | 24 août 2022
À propos de cet article

Citez

Benveniste LM, Wilhelm WJ. Acomparative analysis of IPO proceeds under alternative regulatory enironments[J]. Journal of financial economics, 1990, 28(1-2):173-207. Search in Google Scholar

Bradshaw MT. The use of target prices to justify sell-side analysts’ stock recommendations [J]. Accounting Horizons, 2002, 16(1): 27–41. Search in Google Scholar

Chamber D, Dimson E. IPO underpricing over the very long run[J]. The Journal of Finance, 2009, 64(3):1407-1443. Search in Google Scholar

Hendrawan R, Tugiman H. Stock Valuations in Cement Companies: Evidence from Indonesia Stock Exchange. 2019. Search in Google Scholar

Beijing Securities Regulatory Bureau Research Group. Science and Technology Innovation Board [J]. Finance and Accounting, 2020(08):34-38.(in Chinese) Search in Google Scholar

Chen Yibo. Research on Enterprise Valuation in Venture Capital [J]. Financial Theory and Practice, 2010(01):64-67. (in Chinese) Search in Google Scholar

Dong Xiuliang, Liu Jianing. Research on the Pricing Efficiency and Influencing Factors of China’s Science and Technology Innovation Board IPO[J]. Mathematical Statistics and Management, 2021, 40(03):526-543. DOI:10.13860/j.cnki.sltj.20210409-009. (in Chinese) Search in Google Scholar

Dong Xiuliang, Liu Jianing. Research on the Reasonableness of Pricing and the Reasons for High Return on the IPO of the Science and Technology Innovation Board under the Registration System[J]. Journal of Shanghai University of Finance and Economics, 2020, 22(06):65-78. DOI: 10.16538/j.cnki.jsufe.2020.06.005. (in Chinese) Search in Google Scholar

Gong Junmei, Yao Meifang. Research Progress and Prospects of China’s Growth Enterprise Market IPO [J]. Management Modernization, 2018, 38(05):5-8. DOI: 10.19634/j.cnki.11-1403/c.2018.05.002. (in Chinese) Search in Google Scholar

Liang Peng. Does the registration system reform help improve the efficiency of IPO pricing: Based on the empirical evidence of the Science and Technology Innovation Board [J]. Modern Economic Discussion, 2021(10):68-76. DOI: 10.13891/j.cnki.mer. 2021.10.009. (in Chinese) Search in Google Scholar

Liu Lijuan. Research on IPO Pricing Efficiency of Listed Companies on the Science and Technology Innovation Board [J]. Price Theory and Practice, 2020(08):100-103+177. DOI: 10.19851/j.cnki.CN11-1010/F.2020.08.320. (in Chinese) Search in Google Scholar

Liu Jingjian, Xu Yiqi. Lead Underwriter Network Centrality and IPO Quote Revision: Influence Mechanism, Inquiry Expansion and Heterogeneous Effect [J]. Chinese Journal of Management Engineering, 2021, 35(05):117-130. DOI: 10.13587/j.cnki.jieem.2021.05.011. (in Chinese) Search in Google Scholar

Liu Jianlei, Li Yuan. Research on the Influence of Marketization Process on IPO Underpricing — Based on the Theory of Information Asymmetry[J]. International Finance Research, 2019(06):87-96. DOI: 10.16475/j.cnki.1006-1029.2019.06.009. (in Chinese) Search in Google Scholar

Liu Shancun, Lin Qianhui. The Impact of Institutional Investor Collusion on IPO Price[J]. Management Review, 2013, 25(12): 15-24. DOI: 10.14120/j.cnki.cn11-5057/f.2013.12.009. (in Chinese) Search in Google Scholar

Li Xin, Liang Wei. Research on the Influence of A-Share Market Pricing Efficiency on Enterprises’ Listing Financing[J]. Financial Forum, 2022, 27(02):31-40. DOI: 10.16529/j.cnki.11-4613/f.2022.02.005. (in Chinese) Search in Google Scholar

Song Shunlin. IPO marketization reform: consensus and disagreement [J]. Management Review, 2021, 33(06): 270-279. DOI: 10.14120/j.cnki.cn11-5057/f.2021.06.023. (in Chinese) Search in Google Scholar

Wang Dong, Wang Xinyu. Research on the Influence of Investor Sentiment on IPO Underpricing: Empirical Evidence from Shenzhen SME Board and ChiNext Market[J]. Finance and Economics, 2011(04):48-51. DOI: 10.19622/j.cnki.cn36-1005/f.2011.04.013. (in Chinese) Search in Google Scholar

Wang Shuyu, Yang Yang. Research on China’s Growth Enterprise Market IPO Pricing Efficiency: Based on the Perspective of IPO Breaking[J]. Macroeconomic Research, 2017(07):95-103. DOI: 10.16304/j.cnki.11-3952/f.2017.07.009. (in Chinese) Search in Google Scholar

Xie Chaohua, Liu Lingshan. China’s Science and Technology Innovation Board IPO Pricing Efficiency and Comparative Research [J]. Price Theory and Practice, 2020(11):98-101+183. DOI: 10.19851/j.cnki.cn11-1010/f.2020.11.459. (in Chinese) Search in Google Scholar

Xu Guanglu, Ma Chaoqun.Information Disclosure and First Day Return of IPO[J].China Management Science, 2018, 26(10):10-19. DOI: 10.16381/j.cnki.issn1003-207x.2018.10.002. (in Chinese) Search in Google Scholar

Xue Shuang, Wang Yu. Does the IPO review inquiry on the Science and Technology Innovation Board help the pricing of new shares? — Empirical Evidence from the Divergent Opinions of Institutional Investors in Offline Inquiry[J]. Finance and Economics Research, 2022, 48(01): 138-153. DOI: 10.16538/j.cnki.jfe.20211015.103. (in Chinese) Search in Google Scholar

Xu Yan, Zheng Guanqun. Divergence of opinion among inquiry agencies and IPO pricing efficiency[J]. Economic Issues, 2016(04):73-78. DOI: 10.16011/j.cnki.jjwt.2016.04.013. (in Chinese) Search in Google Scholar

Zhang Renji, Zhu Haiping. Analysis on the Price Process of New Shares in Shanghai Stock Market[J]. Economic Science, 1999(04):65-71. DOI: 10.19523/j.jjkx.1999.04.009. (in Chinese) Search in Google Scholar

Zhang Yidi, Lu Yuehui. An Empirical Study on the Effectiveness of “Winner’s Curse” and Risk Hypothesis on IPO Underpricing in China’s A-Share Market[J]. Management Review, 2014, 26(08):42-52. DOI: 10.14120/j.cnki.cn11-5057/f.2014.08.045. (in Chinese) Search in Google Scholar

Zhang Xiaocheng, Yuan Qiaoqiao. Does China’s old stock transfer system improve or reduce the efficiency of IPO pricing? —A theoretical and empirical analysis framework based on investor behavior[J]. Chinese Journal of Management Engineering, 2020, 34(02):95-104. DOI: 10.13587/j.cnki.jieem.2020.02.010. (in Chinese) Search in Google Scholar

Zhang Xiaocheng, Huang Shaoan. A comparative study of IPO underpricing under different issuance mechanisms[J]. China Management Science, 2012, 20(06): 35-42. DOI: 10.16381/j.cnki.issn1003-207x.2012.06.005. (in Chinese) Search in Google Scholar

Zhang Zongxin, Teng Junliang. Can the reform of registration-based inquiry improve the efficiency of IPO pricing? —Based on the research perspective of the pilot registration system reform of the Science and Technology Innovation Board[J]. Shanghai Finance, 2020(08):24-30. DOI: 10.13910/j.cnki.shjr.2020.08.003. (in Chinese) Search in Google Scholar

eISSN:
2444-8656
Langue:
Anglais
Périodicité:
Volume Open
Sujets de la revue:
Life Sciences, other, Mathematics, Applied Mathematics, General Mathematics, Physics