An Empirical Study On The Influencing Factors Of NEEQ Stock Pricing

Since the introduction of the market maker system in August 2014,three new board market showed us a rapid development.In July 2015,Chinese Securities Industry Association issued the "securities business management" second OTC market is defined as carried out in Shanghai,the Shenzhen stock exchange,the futures exchange and the National Share Transfer System of the securities business,which marks the new third market to get rid of the "Non mainstream" label,occupy a space for one person in Chinese capital market.Listed companies in the capital market position is relatively has been greatly improved,a new board stock market information for circulation is also very good,for three new board business smoothly through equity financing and provide a guarantee.While the new board companies issued stock price determination is influenced by many factors.How to determine the new board stock price should not only consider the financing needs of enterprises,but also to combine the classical pricing model,will affect the related effects of three new board stock price into the process of determining the stock price to go to a more accurate and objective determination of stock price.In this paper,factors affecting the market three new board stock price as the main research object,through extensive reading of the relevant literature,based on in-depth study of all kinds of stock pricing theory and model,main factors affecting the empirical use of qualitative analysis and quantitative calculation analysis method to explore the new board stock pricing.At first,the paper summarizes the relevant literature at home and abroad,and summarizes the previous research results.On the basis of previous research results,put forward methods and ideas of the whole thesis and work out the direction for the development of the whole research.Then gives a detailed introduction about the theories of various stock pricing model and related theories,give a reference for determining the new board stock price,at the same time,five price influence factors is carried out to study the foundation.Thirdly,use principal component analysis method for th quantitative analysis of regression analysis method,and combine our country's relevant indicators in the three new board listed on the main part of the company's stock.Three new board stock price response is analyzed,find out the influence of the new board stock prices the most far-reaching.Finally,give advices on how to use the main factors of the new board of stock pricing and how stock pricing model of these factors affect.With the classic combination of policy suggestions for the future In three new board listed companies,provide a reference for the pricing of the stock.