Research Article
Equilibrium Signal and Purchase Decision in China’s IPO Net Roadshow: A Dynamic Game Approach
Table 2
Real-world parameters and results of empirical study on separating equilibrium.
| | Number | Stock
name | Stock code | | | | (days) | (%) | (days) | (%) | (%) |
| | 1 | Kingee
Culture | 002721 | 2014.1.16 | 2014.1.21 | 2014.1.27 | 6 | 5.00% | 5 | 5.00% | 20.15% | | 2 | Amarsoft | 300380 | 2014.1.17 | 2014.1.22 | 2014.1.28 | 6 | 5.00% | 5 | 5.00% | 19.14% | | 3 | Dong Yi Ri Sheng | 002713 | 2014.2.11 | 2014.2.14 | 2014.2.19 | 4 | 5.00% | 4 | 5.00% | 14.31% | | 4 | Kunlun
Tech | 300418 | 2015.1.13 | 2015.1.16 | 2015.1.21 | 4 | 4.92% | 4 | 4.92% | 0.21% | | 5 | Ideal | 002740 | 2015.1.14 | 2015.1.19 | 2015.1.22 | 6 | 4.92% | 2 | 4.92% | 1.00% |
| | (yuan) | ROE (%) | (%) | (%) | | | () | () | EV | VS. EV (or ) |
| | 10.55 | 18.80% | 5.00% | 16.11% | 4.17 | 2.14 | 4.718 | 5.835 | 5.28 | < EV | | 23.40 | 22.60% | 5.00% | 29.56% | 3.18 | 4.50 | 3.713 | 4.870 | 4.29 | > EV> | | 21.00 | 28.38% | 5.00% | 59.11% | 3.25 | 3.02 | 3.974 | 5.454 | 4.71 | < EV | | 20.30 | 35.80% | 4.92% | 35.23% | 4.82 | 0.05 | 6.237 | 9.637 | 7.94 | < EV | | 16.48 | 17.72% | 4.92% | 17.17% | 7.16 | 0.18 | 8.031 | 9.901 | 8.97 | < EV |
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Data source: Wind.
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