Effect on institutional and potential investors'' behavior to IPO underpricing
机构和潜在投资者行为对IPO抑价影响

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, ...