摘要
国外学者研究发现 :首次公开发行的股票存在发行定价偏低、“热门股市场”和新股长期表现失常等现象。对在深圳证券交易所上市的普通股A股股票和封闭型新基金的实证分析表明 ,我国首次公开发行股票也存在着发行定价偏低和“热门股”现象 ;但其长期表现明显好于市场的整体表现。
Scholars abroad have discovered that with initial issuing of stocks there are usually such problems as underpricing, 'hot issue market' and abnormal long-term behavior of new stocks. Our study of the A-share common stocks and closed-end funds issued at Shenzhen Stock Exchange shows that initial issuing of stocks in China also has problems such as underpricing and 'hot issue market,' but that its long-term behavior is significantly better than that of the general stock market.
出处
《厦门大学学报（哲学社会科学版）》
CSSCI
北大核心
2002年第2期79-87,101,共10页
Journal of Xiamen University(A Bimonthly for Studies in Arts & Social Sciences)
基金
国家自然科学基金 (NSFC)
加拿大CCUIPP联合资助项目 (70 14 2 0 0 1)
