IPO Pricing Efficiency Analysis of High-tech SMEs from Messaging Perspective

摘要：

Over the years, the inefficiency of the IPO(Init ial Public Offer)pricing in China has greatly affected the interests of investors and financing function of securities market. The transmission of informat ion is the key to the efficiency of IPO pricing, this paper builds an analysis framework of the efficiency of IPO pricing from the perspective of messaging. A sample of the High-tech enterprises of SME board in Shenzhen is used to study the level of IPO pricing and the influencing factors. The research provides empirical basis for the improvement of IPO pricing of High-tech SMEs (Small and Medium Sized Enterprises).

关键词： High-tech SMEs IPO pricing efficiency

作者: Yan Wensheng Chen Rong Chen Shu

作者单位: School of Management, Wuhan University of Technology, Wuhan, P.R.China, 430070 Foreign Language School ,Wuhan Institute of technology, Wuhan, P.R.China, 430074

会议类型: 国际会议

会议名称: 4th International Conference on Productinnovation Management(第四届产品创新管理国际会议)

会议地点: 武汉

会议语种:英文

页码: 861-864

在线出版日期: 2009-08-22（万方平台首次上网日期，不代表论文的发表时间）