中文摘要
Abstract
Table of Figures and Tables
Table of Mathematical Symbols
1. Introduction
1.1. Introduction of Chinese stock market
1.2. Introduction of Chinese venture capital industry
1.3. Contributions of this thesis
2. Review of Literatures
2.1. The definition of venture capital backed IPOs
2.2. Underpricing of venture capital-backed IPOs
2.3. Factors explaining the underpricing effect of venture capital-backed IPOs
2.4. Post-IPO VC-backed firms performance
2.5. Venture capital-backed IPOs research in different markets
2.6. China venture capital-backed IPO research
3. Hypothesis
4. Sample Selection and Data Source
4.1. Sample Overview
4.2. Sample Selection Criteria
4.3. Major Variables Explanations and Their Source
5. Methodologies and Experiment Design
5.1. Cross Sectional Regression Model 1:The IPO Underpricing Model
5.2. Cross Sectional Regression Model 2:The Underwriting Cost
6. Results and Discussion
6.1. Descriptive Statistics
6.2. Underpricing Regression Model Analysis
6.3. Robust Test of Underpricing Regression Model
6.4. Underwriting Cost Regression Model Analysis
7. Conclusions and Limitations
Appendix
References
Acknowledgement