IPO Pricing Efficiency Analysis of High-tech SMEs from Messaging Perspective

被引:0
|
作者
Yan Wensheng [1 ]
Chen Rong [1 ]
Chen Shu
机构
[1] Wuhan Univ Technol, Sch Management, Wuhan 430070, Peoples R China
来源
PROCEEDINGS OF THE 4TH INTERNATIONAL CONFERENCE ON PRODUCT INNOVATION MANAGEMENT, VOLS I AND II | 2009年
关键词
High-tech SMEs; IPO; pricing efficiency; ISSUES;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
Over the years, the inefficiency of the ITO(Initial Public Offer)pricing in China has greatly affected the interests of investors and financing function of securities market. The transmission of information is the key to the efficiency of IPO pricing, this paper builds an analysis framework of the efficiency of IPO pricing from the perspective of messaging. A sample of the High-tech enterprises of SME board in Shenzhen is used to study the level of IPO pricing and the influencing factors. The research provides empirical basis for the improvement of IPO pricing of High-tech SMEs (Small and Medium Sized Enterprises).
引用
收藏
页码:861 / 864
页数:4
相关论文
共 50 条
  • [31] A new approach to identifying high-tech manufacturing SMEs with sustainable technological development: Empirical evidence
    Pylaeva, Irina S.
    Podshivalova, Mariya V.
    Alola, Andrew Adewale
    Podshivalov, Dmitrii V.
    Demin, Alexander A.
    JOURNAL OF CLEANER PRODUCTION, 2022, 363
  • [32] Research on Legal Risk Assessment in High-tech SMEs based on AHP-FCE Model
    Li, Dan
    2019 IEEE 6TH INTERNATIONAL CONFERENCE ON INDUSTRIAL ENGINEERING AND APPLICATIONS (ICIEA), 2019, : 828 - 831
  • [33] Research on Evolution and Optimization of the High-tech SMEs' Financing Path - Illustrated by the Case of Zhongguancun Park
    Zhao Rui
    ENTERPRISE GROWS IN SUSTAINING EFFICIENCY AND EFFECTIVENESS, CONFERENCE PROCEEDINGS, 2009, : 323 - 328
  • [34] Antecedents and determinants of high-tech SMEs' commercialisation enablers: opening the black box of open innovation practices
    Pustovrh, Ales
    Jaklic, Marko
    Martin, Sheila A.
    Raskovic, Matevz
    ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA, 2017, 30 (01): : 1033 - 1056
  • [35] Towards agility in international high-tech SMEs: Exploring key drivers and main outcomes of dynamic capabilities
    Jafari-Sadeghi, Vahid
    Mahdiraji, Hannan Amoozad
    Busso, Donatella
    Yahiaoui, Dorra
    TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, 2022, 174
  • [36] Is there a linear relationship between R&D intensity and growth? Empirical evidence of non-high-tech vs. high-tech SMEs
    Nunes, Paulo Macas
    Serrasqueiro, Zelia
    Leitao, Joao
    RESEARCH POLICY, 2012, 41 (01) : 36 - 53
  • [37] Entrepreneurial orientation, new product development and firm performance: the moderating role of legitimacy in Chinese high-tech SMEs
    Liu, Yunqing
    Wang, Min
    EUROPEAN JOURNAL OF INNOVATION MANAGEMENT, 2022, 25 (01) : 130 - 149
  • [38] Open innovation within high-tech SMEs: A study of the entrepreneurial founder?s influence on open innovation practices
    Barrett, Gillian
    Dooley, Lawrence
    Bogue, Joe
    TECHNOVATION, 2021, 103
  • [39] Estimating IPO pricing efficiency by Bayesian stochastic frontier analysis: The ChiNext market case
    Luo, Changqing
    Ouyang, Zisheng
    ECONOMIC MODELLING, 2014, 40 : 152 - 157
  • [40] Multiple Driving Paths of High-Tech SME Resilience from a "Resource-Capability-Environment" Perspective: An fsQCA Approach
    Ma, Teng
    Liu, Ya
    Jia, Rongyan
    SUSTAINABILITY, 2023, 15 (10)