paper baron 中文意思是什麼
paper baron
解釋
(只限於一代的)掛名男爵。-
Beginning from the baron theory, based on the existence of the asymmetric information among the market participators, this paper hypothesize that : ( 1 ) hold the other factors constant, the degree of underpricing is positively related to the extent of information asymmetric among the market participators ; ( 2 ) the extent of information asymmetric is a decreasing function with the time length after the company go public
本文在回顧信息不對稱理論對新股發行折價解釋及相關實證研究的基礎上,提出以下兩點假說: ( 1 )在其它條件不變的情況下,新股發行的折價幅度和市場參與各方之間的信息不對稱程度成正相關; ( 2 )信息不對稱程度隨著公司上市時間的延長而減弱。
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