Through the cross section analysis of the first day transnormal yields of newly issuing shares in Shanghai Stock Market,the paper tests the applicability in China of the theory of the transcendental uncertain hypothes...Through the cross section analysis of the first day transnormal yields of newly issuing shares in Shanghai Stock Market,the paper tests the applicability in China of the theory of the transcendental uncertain hypothesis of rebating newly issuing shares,the credit standing hypothesis of investment banks,the signal hypothesis and the market atmosphere hypothesis respectively.展开更多
文摘Through the cross section analysis of the first day transnormal yields of newly issuing shares in Shanghai Stock Market,the paper tests the applicability in China of the theory of the transcendental uncertain hypothesis of rebating newly issuing shares,the credit standing hypothesis of investment banks,the signal hypothesis and the market atmosphere hypothesis respectively.
