2011•Journal of Fujian Commercial CollegeRequires access

An Empirical Study on Relationship between Underwriters' Reputation and IPO Underpricing

Xiaofang Li

Abstract

Based on an empirical Study of 252 listed enterprises in China' s stock market,the paper examined the relationship between underwriter' s reputation and IPO underpricing.The results show that: the reputation of underwriter hasn' t been fully employed under the sponsor and checking system and the off-line allotment proportion reflecting the inquiry system promotes the efficiency of IPO-market.

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Key concepts: Initial public offering, Underwriting, Reputation, Business, Empirical research, Accounting, Monetary economics, Finance