Number of IPO Review Issues and Firms’ Stock Market Performance

Youlin Feng ()
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Youlin Feng: Sichuan Agricultural University, College of Commerce and Tourism

A chapter in Proceedings of the 2024 2nd International Conference on Management Innovation and Economy Development (MIED 2024), 2024, pp 20-30 from Springer

Abstract: Abstract The result of IPO value audit is not only a key factor affecting whether the enterprise can be listed, but also an important reflection of the enterprise’s own operating conditions. Referring to Zhang Guangli’s (2019)[5] article in Economic Research, this paper focuses on the IPO value audit opinion information for the Science and Technology Creation Board (STB) enterprises and adopts the OLS model to study the relationship between the number of IPO audit issues and the enterprise’s stock market performance with the 289 companies listed in STB as an example. The empirical results show that the number of IPO audit questions is negatively correlated with the degree of IPO price suppression, the risky return of corporate stocks and the operational efficiency of corporations.

Keywords: audit questions; IPO price suppression; technology innovation board; market performance (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-542-3_4

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