A Theoretical Analysis of Underpricing in IPOs Based on the Irrational Behavior of Investors

Employing the standpoint of irrational investors in the behavior finance, the authors study the relation on the irrational behavior of medium and small Investors and underpricing of IPO in our country. The paper premises that a revenue-maximizing issuer will be regarded as the target function, and the rational institutional investors can be delegated the task of holding the stocks in the after-market for resale to the irrational medium and small investors--thereby extracting surplus from them, finally the issuer can maximize their expected revenue. We model the process mentioned above and find that the high underpricing of IPO in our country has the direct relation with numerous the irrational medium and small investors existing in our country who cause the underpricing.     

A PRIMARY STUDY ON A LIFTING PERFORMANCE CURVE ADAPTED FOR THE MECHANICAL LOAD MOMENT LIMITER

The condition when forces are applied to load mechnical mornent limiter of tow-er cranes is analysed and disctissed in this paper.A lifting performance curve adapted for the me-chanical load moment limiter is also obtained.And finally,the curve drawing method is explainedthrough the practical example.     

Experimental Study of Compound Rock''s Behavior at Rock Salt''s Over-layer

Based on the experimental study of the compound rock's behavior at rock salt's over-layer under single compression and tri-axial compression condition, the basic mechanical properties of the rock have been obtained. It could serve as reference to research work and production.     

水稻与高梁属间远缘杂交花粉管行为观察

水稻和高粱是禾本科的两个异属作物,因其遗传距离较远,杂交表现不亲和,结实率极低,难以获得种子.为初步了解水稻与高粱属间远缘杂交花粉管行为,探索该远缘杂交的发生过程,本实验以籼稻珍汕97A×珍汕97B和Ⅱ-32A×Ⅱ-32B两个组合为对照,对珍汕97A×晋江多枝高粱和Ⅱ-32A×晋江多枝高粱两个属间远缘杂交组合的花粉管行为作初步的观察与研究,结果表明晋江多枝高粱花粉粒能象水稻花粉粒一样在水稻柱头上正常萌发,花粉管在花柱及子房中生长与伸长,有些能最终到达子房的基部;同时高梁花粉管生长也出现诸如不能进入花柱、胼胝质不规则堆积、花粉管末端钝化等一系列的异常表现,致使不少花粉管停滞生长.     

制动状态下的AMT换挡策略

根据车辆动力学及发动机辅助制动特性研究了制动状态下AMT自动换挡策略。研究了高强度制动状况下在挡辅助制动对前、后轴利用附着系数的影响，获得了符合相关国家标准的换入空挡的临界车速。中强度持续制动可以识别为下长坡的运行工况，定义了辅助制动的等效制动强度，在分析试验数据的基础上给出了根据制动强度和车速2个参数的主动降挡辅助制动换挡规律。     

农机总动力的预测及多种数学方法的应用比较

应用多种数学方法对青海省历年的农机总动力进行了预测，取得了良好的效果。通过对这些数学方法的应用比较。分析了其中每种方法的适用范围和优缺点。为相关管理部门进行正确的决策提供了依据，并为正确选用各种数学方法进行预测具有指导意义。     

高职双语教学初探

随着中国加入WTO,双语教学就成为实现培养既精通专业知识又精通外语的高素质、能力强的人才的重要途径之一。本文结合对机械工程类高职生进行双语教学的实践,提出了双语教学的一些适宜的教学途径和方法以及对提高双语教学质量的建议。