An Empirical Study of IPO Underpricing in China: The IPO Systems Evolution and Determinants with Quantile Regression

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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...

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Bibliographic Details
Main Author:	Xu, Qianru
Format:	Dissertation (University of Nottingham only)
Language:	English
Published:	2018
Subjects:	IPO underpricing; Chinese stock market; Quantile regression; IPO regulation system
Online Access:	https://eprints.nottingham.ac.uk/53436/

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