2.研究方法 初始收益率(Initial Return)是国外研究IPos短期定价行为的常用 指标,主要考虑的是发行价格和上市首日收盘价格,在实际应用时,一般还 应考虑申购成本、发行...
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abnormal initial return 首日超额收益
Initial Return Rate 初期回收率
the initial return 初始收益率
IPO initial return 新股初始收益率
IPO's Initial Return IPOs初始收益率
initial return ratio 初始收益率
ipo s initial return ipos初始收益率
rate of initial return 初始收益率
If noise traders are bullish at the time of offering,IPO shares are overpriced and the initial return increase with the intensity of noise trader sentiment prevailing at the time of offering.
若发行阶段噪音交易者情绪是高涨的,IPOs定价将高于其内在价值,且初始报酬率随噪音交易者的乐观程度增加而变大。
参考来源 - 询价制下我国IPOs首日超额收益的行为金融解释·2,447,543篇论文数据,部分数据来源于NoteExpress
Initial return and short-term return are two totally different conceptions.
初始报酬率与短期回报是两个完全不同的概念。
With the universal IPO underpricing in the world, and accompanying with the improved market maturity, the initial return tends to be reducing.
IPO抑价是世界范围内普遍存在的现象,而且随着市场成熟度的提高,初始报酬率有逐渐下降的趋势。
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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