Multivariate Analysis of Determinants of the Abnormal Returns of A-Shares Shares on the First Listed Day
206 A-shares issued and listed from January 1st, 2004 to December 31st, 2007 is empirically studied. It is found that turnover rate on the first listed day, size of money raised, and market index，have significant impact on the abnormal returns on the first listed day, whereas, the influence of issuing price, issuing P/E ratio, net asset per share before issuance, real negotiable share ratio after issuance, method of issuance and the reform of split share structure, is not significant.
Multivariate Linear Regression Abnormal Returns Reform of Split Share Structure
Zhao Linhai Hu Ridong
Academy of Quantitative Economics, Huaqiao University, P.R.China, 362021
国际会议
2008年国际应用统计学术研讨会(2008 International Institute of Applied Statistics Studies)
烟台
英文
1-6
2008-08-14（万方平台首次上网日期，不代表论文的发表时间）