房地产A股上市公司IPO效应实证研究  

Empirical Research of the IPO Effect of A-Share Listed Real Estate Companies

作　　者：喻天舒[1] 游伊博 杨金华[1] YU Tianshu;YOU Yibo;YANG Jinhua

机构地区：[1]华中科技大学,湖北武汉430074

出　　处：《商业经济》2019年第2期151-154,共4页Business & Economy

基　　金：国家社会科学基金青年项目:城市基础设施利用土地储备融资风险及管控研究(12CJY066)

摘　　要：通过选取49家A股上市的房地产公司作为样本,及对房地产A股上市公司实证研究,验证了其IPO效应的存在,并对其IPO效应的影响因素进行了理论分析与实证检验。研究结果表明:IPO上市能够提高其偿债能力,而盈利能力却会下降;房地产公司股票发行市盈率、IPO抑价率、上市前的盈利能力和偿债能力、上市年份均对其IPO效应存在显著影响。Taking 49 A-share listed real estate companies as samples,we conduct an empirical research on A-share listed real estate companies.The existence of their IPO effect is verified and the influencing factors of their IPO effect are analyzed theoretically and empirically.The results show that IPO listing can improve the solvency,but the profitability will decline,and that real estate companies'stock issuance price-earnings ratio,IPO underpricing ratio,pre-listing profitability and solvency,listing year all have significant impact on the IPO effect.

关 键 词：房地产 上市公司 IPO效应 影响因素 

分 类 号：F832.51[经济管理—金融学]