Title :
Notice of Retraction
The new issuance supervision and the IPO pricing efficiency
Author_Institution :
Sch. of Finance, Shandong Univ. of Finance, Jinan, 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.
There have been mainly three IPO supervision mechanisms, the authoritative approval system, the administrative examination system and the registration system. China has practiced the former two and improved to some degree IPO price discovery efficiency although underpricing is still a severe problem. The registration system shall be adopted finally, but at present there are still rooms for reform in the primary market.
Keywords :
investment; pricing; stock markets; China; IPO price discovery efficiency; IPO supervision mechanism; Initial public offerings; administrative examination system; authoritative approval system; registration system; Chaos; IPOs; efficiency; new issuance; supervision;
Conference_Titel :
Advanced Management Science (ICAMS), 2010 IEEE International Conference on
Conference_Location :
Chengdu
Print_ISBN :
978-1-4244-6931-4
DOI :
10.1109/ICAMS.2010.5553110
