OG13 IR #7A

weigaosiuc

A lower IPO pricing means greater underpricing. Therefore, it can be inferred that more prestigeious boards are assocciated with more underpricing. I chose "infererable".

tcc2033

"in fact incestor sentiment and board prestige both showed a string negative correlation"with"IPO pricing" prestigeious越高，IPO越低。越低就越不会underpricing

stanleyz

IPO price低并不代表underpriced

Underpricing value = First day closing price - IPO price

in fact incestor sentiment and board prestige both showed a string negative correlation with ”IPO pricing“

xyd1990

即使价格低，只要不低于closing price,就不算是underprice。underprice 和low price是两个概念

babybearmm

"The researchers wanted to examine the extent to which four different variables - ... - affect the IPO stock share price"

"They hypothesized that all four variables would show a strong positive correlation with this IPO asking price."

注意这里他们研究的是："IPO stock share price"，也可以说是"IPO asking price". 对应的是表格第3纵栏P0，而不是对应第5纵栏。

Negative correlations:
board prestige ~ P0
investor sentiment ~ P0

danielsu

stanleyz 发表于 2012-5-22 16:42
IPO price低并不代表underpricedUnderpricing value = First day closing price - IPO pricein fact incest ...

同意！