One side of the underwriting of the new stocks of the IPO is the first stock market, the other side is the second stock market, and the underwrite keep the relationship with both issuer and investor.
而IPO新股的承销联系着股票的一级市场和二级市场,承销商联系着发行人和投资者,可以说新股承销决定着IPO的成败以及IPO新股将来在二级市场上发展的前景,所以研究IPO新股的承销具有非常重要的现实意义。
The Research on Controling of Underwriting Business in ZT Securities Company;
ZT证券承销业务风险控制研究
The Research on Reputation Mechanism of Securities Underwriter: Formation,Cause of Reputation Missing and Improvement Methods;
证券承销商声誉机制:机理、缺失动因与路径
The Evaluation of IPO Underwriters Reputation;
IPO主承销商声誉评价研究
This paper has discussed a game of information identification and hiding between underwriters and strategy traders under the equity offering approval system and the domestic E-traded mechanism without market maker for inspection of the underwriters manipulation in the secondary market.
从国内发行核准制度和无市商的电子交易机制出发,借鉴知情交易操纵行为研究方法,探讨了承销增发新股中承销商与非知情策略交易之间信息识别与信息隐藏的博弈过程,考察了承销商在流通市场的操纵交易行为。
by using the sample T-value test and multi-variation linear regression, this paper empirically studies the influence of the pricing methods such as price inquiry and P/E ratio control taken by the companies offering IPOs on the underwriting risk of the security agencies.
本文运用独立样本T值检验与多元线性回归等分析工具,实证研究我国上市公司IPO采用询价或控制市盈率等两种不同定价方式对证券公司承销风险大小的影响,结果表明,在询价制定价方式下,IPO抑价率降低,但同时抑价率的方差也随之变小,从而使新股上市获得更为稳定的正抑价率,降低了证券公司的承销风险。
This paper tests the direct and indirect issue costs of all IPOs in China s A-share Stock Markets based on different pricing mechanisms and underwriting contracts.
本文中,我们基于不同的定价机制和承销方式对中国A股上市公司的直接成本(发行费用)和间接成本(抑价水平)进行了实证检验和理论分析。
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