术语“政府定价”的详细信息

英译术语:

Government pricing

汉语语境:

国有股权与IPO抑价之间的关系，是实务界和学术界共同关注的重要问题。然而，已有研究关于国有股权和IPO抑价之间关系的结论并不一致，其重要原因在于它们没有关注国有股权影响IPO抑价的具体途径。对政府定价管制的影响是国有股权影响IPO抑价的重要途径。通过研究国有股权与IPO抑价之间的关系及其在政府定价管制程度不同情况下对国有股权与IPO抑价关系的影响发现，国有股权比例与IPO抑价正相关；随着政府定价管制程度的提高，国有股权比例与IPO抑价正相关关系显著减弱，甚至转向负相关关系。

英语语境:

The relationship between state ownership and IPO underpricing is one of the most important issues in the fields of economics, finance and accounting. Extant literature examined the relationship between state ownership and IPO underpricing, but hasn't got a conclusion that is widely accepted. One of the main reasons is that the detailed channel through which state ownership affectsi IPO underpricing hasn't been examined. The affection on government pricing regulations is the important channel. Through examines the effects of state ownership on IPO underpricing and the degree of government pricing regulations on the relationship between state ownership and IPO underpricing. It shows that IPO underpricing increased with state ownership, and the positive correlation between state ownership and IPO underpricing weakened significantly, even to negative related as the degree of government pricing regulations rises.