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Showing result 6 - 10 of 17 essays matching the above criteria.

  1. 6. SPAC merger vs traditional IPO

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Philip Kellerman; [2022]
    Keywords : SPAC; Event Study; Abnormal Returns; CAR; BHAR; Business and Economics;

    Abstract : Special Purpose Acquisition Companies are surging in popularity as a way for companies to go public. As half of the initial public offerings on US stock exchanges were SPACs in 2021 there seems to be no indication of SPACs slowing down. READ MORE

  3. 7. Playing Poker without Looking at the Cards—Does it Even Matter?

    University essay from Göteborgs universitet/Institutionen för nationalekonomi med statistik

    Author : Erik Hillestad Andréasson; Gustav Blomdahl; [2021-07-06]
    Keywords : Special Purpose Acquisition Company; SPAC; Stock Performance; Performance Determinant; Management characteristic; C-Suite; Gender Diversity; Scope;

    Abstract : In 2020, the recent boom of Special Purpose Acquisition Companies (SPACs) resulted in this financial vehicle overtaking traditional IPOs as the leading firm structure for taking companies public. The dormant structure of SPACs forces investors to primarily rely on the management team to find value-creating acqui-sitions. READ MORE

  4. 8. Return of the SPAC

    University essay from Göteborgs universitet/Graduate School

    Author : Joakim Nilsson; Philip Svensson; [2021-06-30]
    Keywords : SPAC; Efficient Market Hypothesis; Market anomalies; Event study; Incomplete information JEL;

    Abstract : Past empirical research on Special Purpose Acquisition Companies has demonstrated long-term negative returns following the merger due to the flawed structure, mainly attributed to incomplete information. This paper examines the return of SPACs in the short-term surrounding two events: target deal announcement and merger completion. READ MORE

  5. 9. Betting on the jockey rather than the horse : a study on the determinants of mergers of SPAC IPOs

    University essay from Uppsala universitet/Företagsekonomiska institutionen

    Author : Johan Kajerdt; Andreas Rydberg; [2021]
    Keywords : Blank checks; Initial Public Offering IPO ; Mergers and Acquisitions M A ; Special Purpose Acquisition Companies; SPACs; Skalbolag; Börsnoteringar; Fusioner; Förvärv; Blank checks; Initial Public Offering IPO ; Mergers and Acquisitions M A ; Special Purpose Acquisition Companies; SPACs;

    Abstract : Special Purpose Acquisition Companies (SPACs) are public shell entities uniquely constructed to acquire one or more privately held businesses. The transaction's structural characteristics put significant pressure on the management team's capabilities to find a suitable company to acquire within the predetermined time frame. READ MORE

  6. 10. SPAC Post-Merger Performance

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Tim Söderman; Rasmus Hjorter Blomberg; [2021]
    Keywords : Special Purpose Acquisition Company SPAC ; Incentive Structure; Moral Hazard; Long-Term Performance; Management Expertise; Business and Economics;

    Abstract : Special purpose acquisition companies (SPACs) are shell companies with no operational assets with the sole purpose of using the raised capital from the initial public offering (IPO) to acquire a private target firm within a predetermined time frame. This financial vehicle has in recent years surged in interest and media coverage. READ MORE