An Empirical Study of IPO Underpricing in China: The IPO Systems Evolution and Determinants with Quantile Regression
This paper interprets and analyses the phenomenon of IPO underpricing in China with considering four transitions in Chinese IPO regulation systems. Firstly, one-way ANOVA is applied using 3,343 Chinese IPOs from 1993 to 2018 to test the IPO system transitions’ influence on IPO underpricing level. Th...
| Main Author: | |
|---|---|
| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2018
|
| Subjects: | |
| Online Access: | https://eprints.nottingham.ac.uk/53436/ |