Economics at your fingertips  

Dose Underwriter Credit and its Guiding Function Have Impact on IPO Break in China?

Chang Xu

International Journal of Economics and Finance, 2017, vol. 9, issue 5, 36-43

Abstract: Underwriters¡¯ pricing behavior is partially unreasonable in China, and the overreaction of investors can easily lead to IPO break. The paper explores datum of listed companies between 2009 and 2016 in A share market and establishes Logistic Regression Model, aimed to pro how Underwriter Credit and Investor Sentiment affecting IPO break. Conclusions are as follows: overpricing of new shares will make IPO break easier; Underwriters Credit have opposite effect on IPO break; Investor Sentiment has negative relationship with IPO break significantly; underwriters can guide Investor Sentiment by credit weekly, in order to lower the probability of IPO break.

Keywords: IPO break; underwriter credit; investor sentiment; registration system (search for similar items in EconPapers)
JEL-codes: R00 Z0 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in International Journal of Economics and Finance from Canadian Center of Science and Education Contact information at EDIRC.
Series data maintained by Canadian Center of Science and Education ().

Page updated 2017-09-29
Handle: RePEc:ibn:ijefaa:v:9:y:2017:i:5:p:36-43