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自从创业板推行以来,创业板公司的高成长性一直备受质疑。文章以2011年12月31日前在创业板上市的281家企业为研究样本,重点比较分析其上市前后的成长性,同时加入承销商机构声誉变量,运用SPSS 20.0软件进行描述性统计和实证分析,得出以下结论:1)创业板公司在上市前后的成长性不一致,上市后的成长性表现显著差于上市前的成长性表现;2)承销商声誉对创业板公司上市前后的成长一致性无显著影响。
Since the launch of the GEM, GEM’s high growth has been questioned. The article takes 281 enterprises listed on the GEM before December 31, 2011 as the research sample, focusing on comparatively analyzing the growth of the listed companies before and after the listing, adding the reputation variable of the underwriter, using descriptive statistics and empirical analysis with SPSS 20.0 software, The following conclusions are drawn: 1) GEM growth is inconsistent before and after listing, the growth performance after listing is significantly worse than the pre-IPO growth performance; 2) The underwriting reputation of GEM is not consistent with the growth of GEM before and after listing Significantly affected.