Essays about: "SPAC"
Showing result 11 - 15 of 17 essays containing the word SPAC.
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11. Understanding SPACs: A study of stakeholder characteristics in the US SPAC market
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : The number of Special Purpose Acquisition Companies ("SPACs") have surged in the recent year, despite previous research documenting the historical underperformance of SPACs, both compared to the market and traditional initial public offerings ("IPOs"). The purpose of this thesis is to contribute to an increased understanding of the US SPAC market and to further investigate stakeholder characteristics that in turn could point us towards an understanding of the SPAC market's general nature and development over time. READ MORE
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12. How do SPACquisitions Perform?: Empirical Evidence on Post-Merger Performance in SPAC 3.0
University essay from Lunds universitet/Företagsekonomiska institutionenAbstract : Special Purpose Acquisition Companies (“SPACs”) provide targets with an alternative route to the public markets and have grown significantly in popularity in recent years. The existing literature on SPAC performance, which predominantly examines the previous generation of SPACs (pre-2010), reveals that the market tends to react positively to acquisition announcement, while post-merger performance tends to be poor on average. READ MORE
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13. Spaculative Sentiment - An Analysis of the Impact of Investor Sentiment on SPAC Activity and Performance
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : SPACs have experienced a puzzling surge in popularity despite academics documenting their severe historic underperformance. This paper adds a new layer to previous research by investigating whether market sentiment can explain SPAC activity and performance. We find that SPAC activity rises when investor sentiment falls. READ MORE
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14. The Ups and Downs of SPACs - An analysis of abnormal returns for recent SPACs during its different stages
University essay from Lunds universitet/Nationalekonomiska institutionenAbstract : As Special Purpose Acquisition Companies (SPACs) are becoming the increasingly popular method of taking a company public, the lack of research on abnormal returns for this asset class since its introduction to the major exchanges validates a reason to expand the investigation. This thesis examines the potential abnormal returns found in different stages of recent SPACs lifecycle, dividing the SPACs into its three major events. READ MORE
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15. Development of SPAC 3.0: Empirical Evidence on SPAC Performance and Moral Hazard
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : Special purpose acquisition companies (SPACs) are shell companies equipped with money raised in an initial public offering (IPO) to identify and acquire a private target within a specified timeframe. For private targets that acquire public status after a merger with a SPAC, SPACs are a reliable and fast alternative route to access public markets. READ MORE
