信息披露是注册制改革的核心,科创板首次公开披露
摘要
参考文献
摘要
3 黄俊,陈信元. 媒体报道与IPO抑价−来自创业板的经验证据[J]. 管理科学学报,2013,(2):83−94. DOI:10.3969/j.issn.1007-9807.2013.02.008
5 李晓溪,饶品贵,岳衡. 年报问询函与管理层业绩预告[J]. 管理世界,2019a,(8):173−188. DOI:10.3969/j.issn.1002-5502.2019.08.013
8 灵格斯词霸. 高盛财经字典[EB/OL]. http://www.lingoes.cn/zh/dictionary, 2012.
9 鲁桂华,韩慧云,陈运森. 会计师事务所非处罚性监管与IPO审核问询−基于科创板注册制的证据[J]. 审计研究,2020,(6):43−50. DOI:10.3969/j.issn.1002-4239.2020.06.007
11 王克敏,王华杰,李栋栋,等. 年报文本信息复杂性与管理者自利−来自中国上市公司的证据[J]. 管理世界,2018,(12):120−132. DOI:10.3969/j.issn.1002-5502.2018.12.011
14 耀友福,薛爽. 年报问询压力与内部控制意见购买[J]. 会计研究,2020,(5):147−165. DOI:10.3969/j.issn.1003-2886.2020.05.011
16 邹高峰,张维,常中阳. 询价制度下中国IPO长期表现[J]. 管理科学学报,2012,(11):66−75. DOI:10.3969/j.issn.1007-9807.2012.11.008
17 Aboody D, Lev B. Information asymmetry, R&D, and insider gains[J]. The Journal of Finance,2000,55(6): 2747−2766. DOI:10.1111/0022-1082.00305
18 Amit E, Algom D, Trope Y. Distance-dependent processing of pictures and words[J]. Journal of Experimental Psychology: General,2009,138(3): 400−415. DOI:10.1037/a0015835
19 Bozanic Z, Dietrich J R, Johnson B A. SEC comment letters and firm disclosure[J]. Journal of Accounting and Public Policy,2017,36(5): 337−357. DOI:10.1016/j.jaccpubpol.2017.07.004
20 Brown S V, Tian X L, Tucker J W. The spillover effect of SEC comment letters on qualitative corporate disclosure: Evidence from the risk factor disclosure[J]. Contemporary Accounting Research,2018,35(2): 622−656. DOI:10.1111/1911-3846.12414
21 Bushee B J, Jung M J, Miller G S. Do investors benefit from selective access to management?[J]. Journal of Financial Reporting,2017,2(1): 31−61. DOI:10.2308/jfir-51776
22 Cassell C A, Dreher L M, Myers L A. Reviewing the SEC’s review process: 10-K comment letters and the cost of remediation[J]. The Accounting Review,2013,88(6): 1875−1908. DOI:10.2308/accr-50538
23 Cheng Q, Du F, Wang B Y, et al. Do corporate site visits impact stock prices?[J]. Contemporary Accounting Research,2019,36(1): 359−388. DOI:10.1111/1911-3846.12417
24 Cheng Q, Du F, Wang X, et al. Seeing is believing: Analysts’ corporate site visits[J]. Review of Accounting Studies,2016,21(4): 1245−1286. DOI:10.1007/s11142-016-9368-9
25 Cohen L, Frazzini A, Malloy C. Sell-side school ties[J]. The Journal of Finance,2010,65(4): 1409−1437. DOI:10.1111/j.1540-6261.2010.01574.x
26 Diether K B, Malloy C J, Scherbina A. Differences of opinion and the cross section of stock returns[J]. The Journal of Finance,2002,57(5): 2113−2141. DOI:10.1111/0022-1082.00490
27 Field L, Lowry M, Shu S S. Does disclosure deter or trigger litigation?[J]. Journal of Accounting and Economics,2005,39(3): 487−507. DOI:10.1016/j.jacceco.2005.04.004
28 Jenkinson T, Morrison A D, Wilhelm W J Jr. Why are european IPOs so rarely priced outside the indicative price range?[J]. Journal of Financial Economics,2006,80(1): 185−209. DOI:10.1016/j.jfineco.2005.05.001
29 Jones D A. Voluntary disclosure in R&D-intensive industries[J]. Contemporary Accounting Research,2007,24(2): 489−522. DOI:10.1506/G3M3-2532-514H-1517
30 Kubick T R, Lynch D P, Mayberry M A, et al. The effects of regulatory scrutiny on tax avoidance: An examination of SEC comment letters[J]. The Accounting Review,2016,91(6): 1751−1780. DOI:10.2308/accr-51433
31 Kuhnen C M. Business networks, corporate governance, and contracting in the mutual fund industry[J]. The Journal of Finance,2009,64(5): 2185−2220. DOI:10.1111/j.1540-6261.2009.01498.x
32 Levy D M, Terleckyj N E. Effects of government R&D on private R&D investment and productivity: A macroeconomic analysis[J]. The Bell Journal of Economics,1983,14(2): 551−561. DOI:10.2307/3003656
33 Li B, Liu Z B. The oversight role of regulators: Evidence from SEC comment letters in the IPO process[J]. Review of Accounting Studies,2017,22(3): 1229−1260. DOI:10.1007/s11142-017-9406-2
34 Li F. Annual report readability, current earnings, and earnings persistence[J]. Journal of Accounting and Economics,2008,45(2−3): 221−247. DOI:10.1016/j.jacceco.2008.02.003
36 Loughran T, McDonald B. IPO first-day returns, offer price revisions, volatility, and form S-1 language[J]. Journal of Financial Economics,2013,109(2): 307−326. DOI:10.1016/j.jfineco.2013.02.017
37 Lowry M, Michaely R, Volkova E. Information revealed through the regulatory process: Interactions between the SEC and companies ahead of their IPO[J]. The Review of Financial Studies,2020,33(12): 5510−5554. DOI:10.1093/rfs/hhaa007
38 Merkley K J. Narrative disclosure and earnings performance: Evidence from R&D disclosures[J]. The Accounting Review,2014,89(2): 725−757. DOI:10.2308/accr-50649
39 Miller E M. Risk, uncertainty, and divergence of opinion[J]. The Journal of Finance,1977,32(4): 1151−1168. DOI:10.1111/j.1540-6261.1977.tb03317.x
40 Mitchell A A. The effect of verbal and visual components of advertisements on brand attitudes and attitude toward the advertisement[J]. Journal of Consumer Research,1986,13(1): 12−24. DOI:10.1086/209044
41 Ryans J P. Textual classification of SEC comment letters[J]. Review of Accounting Studies,2021,26(1): 37−80. DOI:10.1007/s11142-020-09565-6
42 Sedor L M. An explanation for unintentional optimism in analysts’ earnings forecasts[J]. The Accounting Review,2002,77(4): 731−753. DOI:10.2308/accr.2002.77.4.731
引用本文
薛爽, 王禹. 科创板IPO审核问询有助于新股定价吗?——来自机构投资者网下询价意见分歧的经验证据[J]. 财经研究, 2022, 48(1): 138-153.
导出参考文献,格式为: