它是决定新股发行制度变迁效率的诸多变量因素中最重要的外生变量。
Among variables of change way efficiency of stock unseasoned issuance it is the Paramount external variable.
因此总结我国新股发行制度变迁过程的普遍规律是一个具有鲜明强制性的缓慢渐进的局部制度变迁过程。
In a summery, our national stock unseasoned issuance system change is featured with characteristics of compulsion , slowness and partialness .
本文通过实证的方法进行了研究发现：制度因素、中签率、可流通新股数量和新股发行价均对发行抑价有着非常显著的影响。
This text passed the method of substantial evidence to carry on a research detection: System factor, win a label rate and can circulate a new an amount to publish price to all suppress the influence.
本文通过实证的方法进行了研究发现：制度因素、中签率、可流通新股数量和新股发行价均对发行抑价有着非常显著的影响。
This text passed the method of substantial evidence to carry on a research detection: System factor, win a label rate and can circulate a new an amount to publish price to all suppress the influence.
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