IPO underpricing на российском фондовом рынке
Аннотация
В работе была исследована тема недооценки акций на российском рынке капитала при первичном размещении в современных реалиях. В ходе эконометрического исследования первичных публичных размещений на российском рынке за 2006 - 2024 г. было доказано, что такие факторы, как дивидендная политика, технологическая специфика компании и отклонение фактической цены размещения акций от ожидаемой увеличивают недооценку при IPO. В том числе, была выявлена положительная зависимость между привлекаемым капиталом компании и уменьшением эффекта Underpricing IPO - крупные компании имеют более стабильные финансовые показатели, что приближает их оценку к реальной стоимости на рынке.
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Литература
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