摘要
我国股市上首次公开发行股票(In itial Pub lic O ffering,简称IPO)的长期收益率问题一直是IPO领域研究的热点问题之一。发达国家证券市场存在IPO长期弱势已经得到实证的检验,而我国证券市场成立较晚,尚不成熟,信息披露不健全,同时也具有与发达国家证券市场不同的特征。因此,借鉴国外学者研究成果,对提高我国IPO市场理论及效率有着深远的意义。
The long-term return ratio of initial public offerings （IPO） is one of the hot spots in the IPO fields. Empirical examination of IPO long-term weak trend in Stock market has been carried out, while the stock market in our country has been established later and is still not mature. The information disclosure is not perfect, so it has the different characteristic, comparing with the stock market of developed countries. On the foundation of overseas scholars＇ related the research technique and theoretical analysis, the research of this article have profound significance to raise Chinese IPO market efficiency.
出处
《信阳师范学院学报（哲学社会科学版）》
2008年第3期57-60,共4页
Journal of Xinyang Normal University(Philosophy and Social Sciences Edition)
关键词
IPO
长期收益
长期弱势
initial public offering
the long-term return
underperformance
