The Intrinsic Value of Company, Investor Sentiment and the IPO Under-Pricing in the Growth Enterprise Market

Authors :: Li Yan-Yan
Zhang Xue
Yu Xiao-hong
Source :: 2012 Second International Conference on Business Computing and Global Informatization.
Publication Year :: 2012
Publisher :: IEEE, 2012.
Abstract: This essay takes 199 listed companies between October 23, 2009 and December 31, 2011 as samples to study the relationship among intrinsic value of the company, investor sentiment and the IPO under-pricing in the growth enterprise market. Results show that the intrinsic value of the company, investor sentiment and corporate governance is the main factor to affect GEM IPO under-pricing, while industry has no effect on IPO under-pricing.

Subjects :: Intrinsic value (finance)
Corporate governance
Financial system
Business
Monetary economics
Initial public offering

Database :: OpenAIRE
Journal :: 2012 Second International Conference on Business Computing and Global Informatization
Accession number :: edsair.doi...........4c499fd68cdd4b9afd7f78285b1eda14

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