A Study on AH Dual Listed Companies IPO Underprice and Long-term Performance

摘要：

In this paper, we use comparing research and regression analysis methods to study on the questions about AH dual listed companies underprice phenomenon when they IPO in the A-share, and on their long-term performance. The empirical study results tell us that compared with the pure A-share listed companies, the AH dual listed companies have low first day return ratio, which means that the underprice degree of AH dual listed companies is lower. And we find that the long-term performance fluctuation of AH dual listed companies is smaller than the other part, so they can be treated as long-term investment objects.

关键词： AH dual listed companies IPO underprice long-term performance

作者: LI Li XUE Donghui LIU Jianming

作者单位: Corporate Finance Department of Nankai University, Tianjin, China, 300071

会议类型: 国际会议

会议名称: The 5th International Sympsium for Corporate Governance(第五届公司治理国际研讨会)

会议地点: 天津

会议语种:英文

页码: 918-926

在线出版日期: 2009-09-01（万方平台首次上网日期，不代表论文的发表时间）