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It is found through the model that opportunity cost is directly related to IPO underpricing.

通过构建发行过程中的机会成本理论模型,提出机会成本与IPO抑价间存在正相关关系。

Meanwhile, the time of IPO and the degree of underpricing are important factors influencing financing cost when listing.

同时,IPO时间与抑价程度是影响企业上市时融资成本的重要因素。

IPO Underpricing is a fact that exists in almost every stock market around the world.

首次公开发行抑价现象在世界各国的股票市场中普遍存在。

So, IPO underpricing phenomenon has been thought to be one of the ten unexplained question up to date.

IPO抑价被认为是现代金融学研究的十大谜题之一。

IPO Underpricing causes a lot of problems in the financial market.

本文利用博弈论的方法研究中国A股市场的IPO抑价现象,从IPO市场参与主体博弈的角度分析这种现象存在的原因,并给出解决问题的相关建议。

It try to find out the main factors for its IPO underpricing, so as to give reference for the design of IPO system of SME board.

首先,综述和总结了国内外有关IPO抑价的相关理论和影响因素,指出了以往研究的不足,成为进一步研究的基础和出发点。

To introduce the research background of this text and researching meaning, the domestic and foreign scholar's study on IPO underpricing.

1介绍了研究背景与意义,对国内外关于发行抑价的研究成果进行综述。

ChapterⅢis the theoretical research of IPO underpricing under fixed-price mechanism.

第三章是固定价格机制下IPO抑价的理论研究。

It is found by statistical method that the liquidity risk of different IPOs has the direct relation with IPO underpricing.

采用统计检验方式发现,不同股票的流动性风险与IPO抑价正相关。3。

The purpose of the paper is to identify relevant factors for the high underpricing and provide valuable reference for participants and regulators in the IPO market.

本文的研究目的在于分析造成和影响中国 A 股高发行抑价率的原因,使之对股票一级市场的参与者、监管者有一定的参考价值。

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