An empirical analysis of the IPO underpriced in Chinese A-share market
Cardiff Metropolitan University
MetadataShow full item record
Initial public offering (IPO) is a hot topic in stock market especially in China, due to Chinese IPO market is a new market with 20 years. However, in this developing market, IPO always under-priced which means the share jumps to a high share price on the first issuing day. This research will find out why this happening and make some recommendations to improve Chinese IPO market, Chinese A share market will be used to collect sample. In this report, it will mainly contain three parts. Firstly, literature review, it will talk about why firms choose to go public and analyze why IPO underprice depending on some hypotheses. Secondly, data collection, the sample is collected from Chinese A-share market, sample size is 100 stocks in 2012. And also will discuss the connection between the dependent variable and independent variables by using ordinary least square (OLS) multiple regression analysis. Then end with conclusion and recommendation. This part will discuss why IPO always underprice in China depending on research findings, also make recommendations for those who might relevant with IPOs, such as investors, managers and government.
Master of Business Administration
Showing items related by title, author, subject and abstract.
Loudon, Gareth; Sacher, H.; Tng, T. (Taylor & Francis, 2001-01-01)This paper summarises some of the high level issues with regards to Human-Computer Interaction (HCI) and the localisation of interactive digital products for other languages and cultures, in particular, the Chinese language. ...
Ren, Xiaoni (Emerald, 2017-08-07)Purpose – Drawing upon the existing theoretical and empirical sourced knowledge of aesthetic labour and gender, this paper aims to explore the exploitation of women’s aesthetic labour in the Chinese airline industry and ...
Loudon, Gareth (2001-04-01)This patent was granted in recognition of the novel way Loudon (with co-authors) developed a new solution for Chinese users to interact with computer-embedded products such as PCs, PDAs and mobile phones. This patent also ...