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Finance 2020
风险投资对IPO抑价的影响分析——以创业板为例
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Abstract:
以2014年到2016年创业板市场上的215家上市企业为样本，利用多元线性回归模型分析风险投资对IPO抑价的影响。研究结果发现，2014年IPO重启后风险投资对创业板上市公司IPO抑价没有显著影响。最后，对改善IPO抑价问题提出完善法律法规、规范资本市场制度等建议。
Selecting a total number of 215 companies listed on the GEM from 2014 to 2016, multiple linear regression analysis was conducted to explore the impact of venture capital participation on the IPO underpricing of the GEM. The conclusion is drawn that venture capital participation has no impact on the IPO underpricing of the listed companies on GEM. Finally, the following suggestions are proposed such as improving laws and regulations, regulating the capital market system and so on.
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