An optimal information extraction model and the efficiency of China's IPO pricing

The accuracy of pricing in initial public offering under book-building method is determined by the efficiency of the information extraction mechanism. This article discloses that mechanisms involving underpricing, discretionary allocation are key factors to enhance the efficiency of information extr...

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Bibliographische Detailangaben
Hauptverfasser: Xie, Shengfeng, Lu, Wanzhong
Format: Tagungsbericht
Sprache:chi ; eng
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