逐渐规范市场上的A股新股长期强势表现研究被引量：13

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摘要本文通过对1997～1999年上市新股的3年期表现的研究发现:(1)无论采用等权平均法还是市值加权平均法,新股的3年期回报要高于同期市场回报;(2)新股的发行量、首日换手率和首日市净率对新股的3年超额回报具有显著影响,而上市时间、上市地点、发行价格、首日超额回报、首日市盈率和行业等因素不具有显著影响。

作者廖理张伟强

机构地区清华大学经济管理学院

出处《管理世界》 CSSCI 北大核心 2004年第7期120-126,共7页 Journal of Management World

关键词 A股市场中国超额回报率证券市场长期强势表现新股发行量市场规范首日市盈率

分类号 F224 [经济管理—国民经济]

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参考文献24

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二级参考文献14

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