An Empirical Study of the Bidding Behave under the Bookbuilding Mechanism

Jian Zhang, Li Houjian

2015

Abstract

In this paper, we set up the difference of average biddings of inquiry object with information superiority and inquiry object with disadvantage by analysing 45630 detailed biddings of 443 companies from 2010 to 2012 in A share of our country and test the Winner Curse in three-factor model of A share market in the inquiry system.

References

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Paper Citation


in Harvard Style

Zhang J. and Houjian L. (2015). An Empirical Study of the Bidding Behave under the Bookbuilding Mechanism . In Proceedings of the Information Science and Management Engineering III - Volume 1: ISME, ISBN 978-989-758-163-2, pages 431-435. DOI: 10.5220/0006027904310435


in Bibtex Style

@conference{isme15,
author={Jian Zhang and Li Houjian},
title={An Empirical Study of the Bidding Behave under the Bookbuilding Mechanism},
booktitle={Proceedings of the Information Science and Management Engineering III - Volume 1: ISME,},
year={2015},
pages={431-435},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0006027904310435},
isbn={978-989-758-163-2},
}


in EndNote Style

TY - CONF
JO - Proceedings of the Information Science and Management Engineering III - Volume 1: ISME,
TI - An Empirical Study of the Bidding Behave under the Bookbuilding Mechanism
SN - 978-989-758-163-2
AU - Zhang J.
AU - Houjian L.
PY - 2015
SP - 431
EP - 435
DO - 10.5220/0006027904310435