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《Journal of North China Institute of Aerospace Engineering》 2016-01
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A Research on Affecting Factors to the Level of IPO Overvaluing Based on Chinese A-Share Market

Lv Xiaoming;Tian Xuefeng;Sun Yongcai;Xu Yuan;Accounting Department,North China Institute of Aerospace Engineering;  
The purpose of this paper is to explore the decisive factor for overvalued shares. The author hypothesizes that the"high price high PE high scale",listed companies,investors,underwriter,market environment may have important effects on the overvaluing shares. The stepwise linear regression method is used as the main body of the empirical analysis of this paper,because it is much more effective and intuitive. The conclusion: the over-subscription rate is the most critical factor of the rate of discount of the share. And the market return at the first listing date is the second. The age of the company when it appears on the market is the third. The offering price is the fourth. The turnover rate ranks last.
【Fund】: 北华航天工业学院科研基金项目(KY-2014-36)
【CateGory Index】: F832.51
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【Co-citations】
Chinese Journal Full-text Database 1 Hits
1 LI Jun-po,DU Jun-tao(Tianjin University,Tianjin 300072,China)(Sun yat-sen University,Guangzhou 510275,China);Implication of Demand-to-Offer Ratio to the IPOs' First-day Market Closing Price[J];Journal of Harbin Institute of Technology(Social Sciences Edition);2006-02
【Secondary Citations】
Chinese Journal Full-text Database 2 Hits
1 Song Fengming;An Empirical Study of A-share Stock Market's Initial Returns with No Limitation of IPO/s P/E Ratio[J];Journal of Finance;2001-02
2 Li BO,Wu Shinong;Study of New Issues’ Initial Return in China Stock Market[J];NANKAI BUSINESS REVIEW;2000-05
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