Essays about: "Special Purpose Acquisition Company"
Showing result 6 - 10 of 16 essays containing the words Special Purpose Acquisition Company.
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6. Betting on the jockey rather than the horse : a study on the determinants of mergers of SPAC IPOs
University essay from Uppsala universitet/Företagsekonomiska institutionenAbstract : 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
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7. SPAC Post-Merger Performance
University essay from Lunds universitet/Nationalekonomiska institutionenAbstract : 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
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8. 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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9. 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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10. 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
