As the result shows that there is no distinct tendency in IPO initial return movement in China, the hypothesis of market feedback gets supported.
结果显示我国IPO初始报酬率没有表现出明显的变化趋势，但对IPO公司非系统性风险具有揭示作用，或者说市场反馈假说在我国是成立的。
As the result shows that there is no distinct tendency in IPO initial return movement in China, the hypothesis of market feedback gets supported.
结果显示我国IPO初始报酬率没有表现出明显的变化趋势，但对IPO公司非系统性风险具有揭示作用，或者说市场反馈假说在我国是成立的。
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