文献类型：期刊文献

中文题名：媒体关注视角下衡量上市公司IPO抑价程度的理论探讨

英文题名：媒体关注视角下衡量上市公司IPO抑价程度的理论探讨

作者：焦军普[1];丁冬[2];赵一薇[3]

第一作者：焦军普

机构：[1]河南财经政法大学研究院;[2]河南财经政法大学会计学院;[3]澳门大学工商管理学院

第一机构：河南财经政法大学

年份：2013

期号：4

起止页码：183-185

中文期刊名：企业经济

外文期刊名：Enterprise Economy

收录：CSTPCD;;国家哲学社会科学学术期刊数据库;北大核心:【北大核心2011】；

基金：国家社科基金项目"加工贸易;劳动力流动与城乡差距对收入差距影响的机制研究"(批准号:12BJL025)

语种：中文

中文关键词：媒体关注;投资者情绪;IPO抑价

外文关键词：media coverage; investor sentiment; IPO underpricing

摘要：上市公司IPO抑价幅度大且长期居高不下,为我国资本市场乃至国民经济的持续健康发展带来了极为不利的影响。随着我国改革的深入以及市场化程度的逐步提高,国内媒体治理的作用也已开始逐步显现。针对"投资者情绪"这一抽象概念,本文将媒体关注这一替代变量引入对上市公司IPO抑价程度的探讨中。在IPO过程中,投资银行(即承销商)通过IPO公司所吸引的媒体关注程度这项指标,可以大致判断市场对其承销的IPO股票的反响。
The listed company IPO underpricing has a large amplitude and is high for a long term, which is extremely unfavorable for the sustained and healthy development of China＇ s capital market and the national economy. With the deepening of China＇ s reform and the gradual improvement of the marketization, domestic media governance has begun to gradually function. In accordance with investor sentiment, the media attention, as a substitution variable, is introduced in the discussion of listed company IPO uuderpricing. In IPO process, the investment bank, i.e., the underwriter, can roughly determine the response of the market to its underwriting of the IPO stock by the indicator of the media attention that the listed company attracted.