Title :
Notice of Retraction
An analysis on the IPO underpricing in SME stock market in China
Author_Institution :
School of Management & Economics Shanghai Second Polytechnic University Shanghai, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
IPO underpricing and long-run underperformance are two puzzles in stock market. Selecting all listed companies in small market during A share market resumed offering in 2006 to stopped offering in 2008, author made an analysis on IPO underpricing to prove the phenomenon that the IPO price is too low and the closing price of the day is very high exist at the same time. Following the thoughts of Behavioral Finance, au thor made an explanation on IPO price behavior in A small market shares
Keywords :
Banking; Companies; Finance; Investments; Resource management; Stock markets; IPO; long-run underperformance; small and medium-sized enterprise stock market; underpricing;
Conference_Titel :
E -Business and E -Government (ICEE), 2011 International Conference on
Conference_Location :
Shanghai, China
Print_ISBN :
978-1-4244-8691-5
DOI :
10.1109/ICEBEG.2011.5882297
