安徽工程大学学报2012，Vol.27Issue(1)：82-85,4.
中小板与创业板首次公开募股首日溢价的比较分析
Comparative analysis of IPO initial premiums between SME and GEM
摘要
Abstract
This paper compares IPO initial premiums for the small and medium enterprises（SME） board and the growth enterprises market（GEM） board,by testing the factors that influence stock initial premiums,the turnover rate is identified as the common significant factor,which shows that there exists high speculative atmosphere in the secondary market.Next,the demand-to-offer ratio,the cost of raising funds,the concentrative degree of equity and the state-owned background equity are more significant in the SME board,while the issue price and the market sentiment are more significant in the GEM board.Moreover,some significant influences are derived from the state-owned background equity while issuing new stocks.关键词
IPO溢价/中小板/创业板/国有股背景/回归分析Key words
IPO initial premium/SME/GEM/state-owned background equity/rtegression analysis分类
管理科学引用本文复制引用
李亚,费为银..中小板与创业板首次公开募股首日溢价的比较分析[J].安徽工程大学学报,2012,27(1):82-85,4.基金项目
国家自然科学基金资助项目 （）
安徽省自然科学基金资助项目 （）
安徽省高校自然科学基金资助项目 （）
