摘要
本文在回顾我国IPO发行方式演变的基础上,采用单因素方差分析法就不同发行方式下IPO定价机制效率的差异性进行了实证分析。实证结果表明,具有历史进步性的现行IPO发行方式并不能产生最优的定价机制效率。最后,论文提出了进一步完善我国IPO发行方式的建议。
Based on the review of the evolution of IPO issuing methods in China,this paper conducts an empirical analysis on the differences in the efficiency of IPO pricing mechanism under the different issuing methods by single-factor variance analysis method.The results show that the current IPO issuing methods has the historical progress in theory,but the efficiencies of it is not better than before.Finally,this paper provides some suggestion in order to improve the issuing methods.
出处
《金融理论与实践》
北大核心
2010年第8期40-44,共5页
Financial Theory and Practice
基金
郑州市创新型科技人才队伍建设工程成果
关键词
股票市场
发行方式
IPO
定价机制效率
差异性
Stock Market
Issuing Methods
IPO
Efficiency of Pricing Mechanism
Differences
