不同发行方式下IPO定价机制效率差异性研究  

The Research on the Differences in the Efficiency of IPO Pricing Mechanism Under Different Issuing Methods

作　　者：谷秀娟[1] 门彦顺[1] 

机构地区：[1]河南工业大学经济贸易学院,河南郑州450001

出　　处：《金融理论与实践》2010年第8期40-44,共5页Financial Theory and Practice

基　　金：郑州市创新型科技人才队伍建设工程成果

摘　　要：本文在回顾我国IPO发行方式演变的基础上,采用单因素方差分析法就不同发行方式下IPO定价机制效率的差异性进行了实证分析。实证结果表明,具有历史进步性的现行IPO发行方式并不能产生最优的定价机制效率。最后,论文提出了进一步完善我国IPO发行方式的建议。Based on the review of the evolution of IPO issuing methods in China,this paper conducts an empirical analysis on the differences in the efficiency of IPO pricing mechanism under the different issuing methods by single-factor variance analysis method.The results show that the current IPO issuing methods has the historical progress in theory,but the efficiencies of it is not better than before.Finally,this paper provides some suggestion in order to improve the issuing methods.

关 键 词：股票市场 发行方式 IPO 定价机制效率 差异性 

分 类 号：F830.91[经济管理—金融学]