SCP范式的拓展及其在我国IPO市场中的应用

文章在理清SCP范式演进过程的基础上获得一些启示，然后考察我国IPO市场的现状和特征，对SCP范式应用到我国IPO市场进行可行性分析，发现由于市场的特殊性，需要对SCP范式进行改进和拓展。通过拓展SCP范式，建立了一个四因素的双向动态的SGP模型，最后将其应用到我图的IPO市场中来，着重从制度变迁和行为金融的角度对我国IPO市场的外部环境、制度变迁、市场主体行为变化、IPO市场效率改变等之间的关系进行阐释。

The Development of SCP Paradigm and Its Application in China s IPO Market

Based on the evolution of SCP paradigm,this paper gets some ideas.And then we analyze the current conditions and characteristics of our IPO market and do an available research on SCP paradigm being applied to our IPO market.We find that it should be modified or extended.So we establish a four-factor and double way dynamic SCP model.And finally we apply the extended model to our IPO market and do a good explanation of relations between outer environment,system evolution,behavior change of market participants...