%0 Journal Article
%T Effect on institutional and potential investors'' behavior to IPO underpricing<br>机构和潜在投资者行为对IPO抑价影响
%A ZHANG Xiao-cheng
%A MENG Wei-dong
%A XIONG Wei-qin
%A <br>张小成
%A 孟卫东
%A 熊维勤
%J 系统工程理论与实践
%D 2010
%I 
%X Using the behavioral finance theory and game theory,the paper studies the institutional investors and potential investors,heterogeneity how to effect IPO underpricing,and carries out a comparative analysis to IPO underpricing.The study shows institutional investors and issuers intended to incentive underpricing when they maximize the expected utility as the goal;When institutional investors assess the value of the shares of less than potential investors,there is unintentional underpricing,and at this time, ...
%K IPO
%K heterogeneous expectation
%K IPO
%K underpricing<br>异质预期
%K IPO
%K 抑价
%U http://www.alljournals.cn/get_abstract_url.aspx?pcid=01BA20E8BA813E1908F3698710BBFEFEE816345F465FEBA5&cid=962324E222C1AC1D&jid=1D057D9E7CAD6BEE9FA97306E08E48D3&aid=CB8533C55347D10CF9173C7C0C0F1BAA&yid=140ECF96957D60B2&vid=340AC2BF8E7AB4FD&iid=E158A972A605785F&sid=826ED638BDB6F0D0&eid=9107B2E171152411&journal_id=1000-6788&journal_name=系统工程理论与实践&referenced_num=1&reference_num=10