| 新股抑价发行的理论解释 |
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| 引用本文： | 贺炎林. 新股抑价发行的理论解释[J]. 天津大学学报(社会科学版), 2005, 7(6): 421-426 |
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| 作者姓名： | 贺炎林 |
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| 作者单位： | 天津大学管理学院,天津,300072 |
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| 摘 要： | 新股抑价发行是现代金融经济学中的一个难解之谜。为深化我国新股发行市场的改革,详细讨论了Rock 模型、信号模型和账簿记录理论,介绍了用于解释新股抑价发行之谜的最新理论,发现目前还没有一个完全正确的 理论能解释新股抑价发行异象。因此,要解释新股抑价发行异象,还有一段很长的路要走。
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| 关 键 词： | Rock模型 发行抑价 有效市场假说 |
| 文章编号： | 1008-4339(2005)06-0421-06 |
| 修稿时间： | 2004-04-09 |
Theory Explanation to New Issues Underpricing |
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| HE Yan-lin. Theory Explanation to New Issues Underpricing[J]. Journal of Tianjin University(Social Sciences), 2005, 7(6): 421-426 |
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| Authors: | HE Yan-lin |
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| Abstract: | New issues underpricing is a great puzzle in modern financial economics. To deepen the reform of Chinese initial public offering market, this article analyzes in detail Rock model, signal model, and bookbuilding theories, introduces some latest studies on this field, and comes to a conclusion that there is no theory that can absolutely correctly explain new issues underpricing anomaly. Therefore, there is a long way for us to explain new issues underpricing anomaly. |
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| Keywords: | Rock model underpricing efficient market hypothesis |
| 本文献已被 CNKI 维普 万方数据 等数据库收录！ |
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