The New Issuance Supervision and the IPO Pricing Efficiency

摘要：

There have been mainly three IPO supervision mechanisms, the authoritative approval system, the administrative examination system and the registration system. China has practiced the former two and improved to some degree IPO price discovery efficiency although underpricing is still a severe problem. The registration system shall be adopted finally, but at present there are still rooms for reform in the primary market.

关键词： new issuance supervision ipos efficiency

作者: HUANG Fangliang

作者单位: School of Finance Shandong University of Finance Jinan, China

会议类型: 国际会议

会议名称: 2010 IEEE International Conference on Advanced Management Science(2010年IEEE高级管理科学国际会 IEEE ICAMS 2010)

会议地点: 成都

会议语种:英文

页码: 531-535

在线出版日期: 2010-07-09（万方平台首次上网日期，不代表论文的发表时间）