论文（设计）我国A股IPO长期收益影响因素研究——基于股票持有人长期收益的思考29506讲述.doc

我国长期收益影响因素研究 Xi’an Jiaotong University, Xi’an 710049, China 2．School of Management, Xi’an Jiaotong University, Xi’an 710049, China 摘要：本文采用1999年到2002年之间上交所上市的173只A股股票作为样本，研究其在上市后3年的长期收益。IPO购买持有收益率、与上市月数之间是递减的二次曲线关系；新股的购买持有收益率与发行价格自然对数、上市首日市盈率对数、发行数量对数等因素相关性性很强，说明这几个变量对我国公开发行新股的长期收益影响较大，是；购买持有收益率 In this dissertation, the primary data source for this article of Shanghai initial ‘A’ stock market are over Jan,1th,1999to Dec,31th,2002.the sample size is 173 firms. Do research on the three-year performance after the public offering. We find the following things: First, buy and hold returns, are the