Abstract: Issuing price making and the price fluctuation are highly relative to the fiscal information provided by the listed companies.While marketizing the issuing price making,securities companies,first and second-degree market investors respond differently to the fiscal information.

Key words: issuing price, fiscal information, correlation coefficient

摘要： 上市公司新股发行定价及其价格波动与公司提供的会计信息密切相关。在股票发行定价市场化改革的进程中,券商、一级市场投资者、二级市场投资者对会计信息的反应是有差异的。

关键词: 发行价格, 会计信息, 相关系数