传统金融学与行为金融学对IPO折价解释的比较研究

IPO折价是中外证券股票市场上普遍存在的问题.对于它的解释,许多学者从传统角度提出了各种假说,并且经过实证分析对其进行了印证.另一方面,在行为金融学逐渐发展和传播的基础上,人们倾向于利用投资者心理、社会心理等行为金融学研究的方法来解释IPO折价现象.IPO折价问题的探索对于完善我国股市,促进其健康发展具有重要意义.

Comparison of Traditional Financial Science and Conduct Financial Science with IPO Underpricing Explanation

IPO cut-rate price is the question existing in the security share market.With regard to its explanation,many students have put up various hypotheses from the traditional angle and proved them through reality.On the other hand,on the foundation of the gradual development and communication of conduct financial science,people decline to explain IPO underpricing phenomena by use of the research way of the conduct financial science such as the investor's psychology and social psychology.It has very important mea...