An evaluation of the effect of the IPO regulation reforms in China on IPOs of high-tech firms

Show simple item record

dc.contributor.advisor Boabang, Francis
dc.coverage.spatial China
dc.creator Han, Sijing
dc.date.accessioned 2015-05-11T15:04:35Z
dc.date.available 2015-05-11T15:04:35Z
dc.date.issued 2014
dc.identifier.uri http://library2.smu.ca/xmlui/handle/01/26119
dc.description 1 online resource (vi, 44 p.) : col. ill.
dc.description Includes abstract and appendix.
dc.description Includes bibliographical references (p. 36-37).
dc.description.abstract After more than 20 years in developing, China stock market has become an essential market in the world. However, it is still not a mature market. There are still problems with IPO issues. The China Securities Regulatory Commission recently changed the IPO regulation in order to improve the IPO pricing. This paper examines the IPO underpricing level of Chinese high-tech firms from over the 10 years. Our study reveals that IPO underpricing is related to the lottery rate and initial turnover rate. The study also confirms that the IPO underpricing level decreases significantly after each reform, which means the IPO regulation reform has produced some positive effect on Chinese market. As a result, the degree of uncertainty surrounding IPO issue decreases with each reform. en_CA
dc.language.iso en en_CA
dc.publisher Halifax, N.S. : Saint Mary's University
dc.title An evaluation of the effect of the IPO regulation reforms in China on IPOs of high-tech firms en_CA
dc.type Text en_CA
thesis.degree.name Master of Finance
thesis.degree.level Masters
thesis.degree.discipline Finance, Information Systems, & Management Science
thesis.degree.grantor Saint Mary's University (Halifax, N.S.)


Files in this item

 
 

This item appears in the following Collection(s)

Show simple item record