Number of IPO Review Issues and Firms’ Stock Market Performance

——Take the Science and Innovation Board as an Example

DOI

10.2991/978-94-6463-542-3_4How to use a DOI?

Keywords

audit questions; IPO price suppression; technology innovation board; market performance

Abstract

The result of IPO value audit is not only a key factor affecting whether the enterprise can be listed, but also an important reflection of the enterprise’s own operating conditions. Referring to Zhang Guangli’s (2019)[5] article in Economic Research, this paper focuses on the IPO value audit opinion information for the Science and Technology Creation Board (STB) enterprises and adopts the OLS model to study the relationship between the number of IPO audit issues and the enterprise’s stock market performance with the 289 companies listed in STB as an example. The empirical results show that the number of IPO audit questions is negatively correlated with the degree of IPO price suppression, the risky return of corporate stocks and the operational efficiency of corporations.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Youlin Feng
PY  - 2024
DA  - 2024/10/15
TI  - Number of IPO Review Issues and Firms’ Stock Market Performance
BT  - Proceedings of the 2024 2nd International Conference on Management Innovation and Economy Development (MIED 2024)
PB  - Atlantis Press
SP  - 20
EP  - 30
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-542-3_4
DO  - 10.2991/978-94-6463-542-3_4
ID  - Feng2024
ER  -