Interrelation between FirmsIPO Issuing Decision and Market Conditions in China

摘要：

The problem of fluctuation in IPO volume exists in most countries in the world,new studies call this phenomenon as IPO Waves.According to current study,IPO Waves are caused by market conditions and in firms individual actions.Thus,this paper studies both of the two factors and makes empirical analysis to explain the mechanism of IPO waves,using a model involving firms return and total capital of the market.We also add typical variables into the model to reflect the particular characters in Chinese firms motivation of IPO.

关键词： IPO waves Return on going public Market conditions

作者: HU Zhiqiang LI Xun TIAN Ziy

作者单位: Wuhan University,P.R.China iWuhan University,P.R.China

会议类型: 国际会议

会议名称: The Twelfth West Lake International Conference on Small & Medium Business(第十二届西湖国际中小企业研讨会 WLICSMB 2010)

会议地点: 杭州

会议语种:英文

页码: 316-321

在线出版日期: 2010-10-24（万方平台首次上网日期，不代表论文的发表时间）