Contents
An Empirical Assessment of A-Share IPO Under-Pricing in China / 손찬현 ; Albert K Tsui ; Feng Zhang ; Zhaoyong Zhang 1
Abstract 1
INTRODUCTION 2
CHARACTERISTICS OF CHINESE IPO MARKET 6
DATA AND METHODOLOGY 11
IPO VALUATION ADEQUACY AND ROBUSTNESS 16
UNDER-PRICING AND LONG-RUN PERFORMANCE 24
CONCLUDING REMARKS 30
REFERENCES 31