论文部分内容阅读
中国公司在上市以后,其经营绩效大都出现了不同程度的下滑,有证据表明这些业绩的下滑与公司的上市时期选择有关,很大程度上反映出其上市的自身条件不够成熟。因此,基于成熟度概念、“市场时机理论”结合我国上市公司的实践构建起来的企业IPO成熟度指标体系,能度量我国上市公司的IPO成熟度并能一定程度预见企业上市后的盈利水平。该指标体系同时也可为我国资本市场的监管机构审批监管、投资者投资行为以及公司的融资行为提供参考借鉴。
After the listing of Chinese companies, most of their business performance has declined in varying degrees. Evidence shows that these performance declines are related to the company’s timing of the listing of the Company, largely reflecting the fact that its listing conditions are not mature enough. Therefore, based on the concept of maturity, “market timing theory ” combined with the practice of listed companies in our country to build the enterprise IPO maturity index system, we can measure the IPO maturity of listed companies in our country and can predict the profitability of listed companies to some extent . The index system can also provide reference for the supervision and examination and approval of China’s capital market regulators, investor investment behavior and the company’s financing behavior.