IPO 审计质量、保荐机构执业声誉与企业上市后业绩表现研究

摘要

This paper taking the enterprise listed in China ’ s stock market from 2007 to 2010 as an example ,using the empirical method,found that:(1) The low IPO audit quality caused the performance change after listing;(2) The sponsor’s reputation can improve the IPO audit quality .Based on the empirical study ,this paper pointed out that:(1) IPO financial checking should be in-stitutionalized and normalized;(2) The sponsor credit system should be founded;(3) the sponsor and IPO project quality chec-king should be Strengthened .%本文以2007年至2010年IPO企业为研究对象，采用实证经验研究的方法发现：IPO审计质量低下是企业上市后业绩变脸的诱因；保荐机构注重执业声誉有利于IPO审计质量的提高。为改变企业上市后变脸这一资本市场怪象，促进资本市场健康发展和维护投资者的合法权益，本文提出IPO财务检查应制度化与常态化；建立健全保荐机构诚信体系；加强保荐机构执业和IPO项目质量检查。