Contributing factors to the performance of firms acquired by special purpose acquisition companies
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/143040 |
Resumo: | SPACs were one of the most discussed topics in media recently. This paper examines which factors contribute to the performance of firms that merged with SPACs. Multi-linear regression analyses are performed with a sample of 77 different firms acquired between 2006 and 2020. Initiators (sponsors) of SPACs are often considered well experienced in their industries. This study confirms that if a sponsor to okover the CEO role in the operating company, it positively impacts returns, especially in complex industries. Eventually, it can be concluded that sponsors’ involvement in the merged entity's management team positively impacts returns regardless of the industry. |
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Contributing factors to the performance of firms acquired by special purpose acquisition companiesCorporate financeIposPerformanceSpecial purpose acquisition companySpacsDespacsSpac vehicleDomínio/Área Científica::Ciências Sociais::Economia e GestãoSPACs were one of the most discussed topics in media recently. This paper examines which factors contribute to the performance of firms that merged with SPACs. Multi-linear regression analyses are performed with a sample of 77 different firms acquired between 2006 and 2020. Initiators (sponsors) of SPACs are often considered well experienced in their industries. This study confirms that if a sponsor to okover the CEO role in the operating company, it positively impacts returns, especially in complex industries. Eventually, it can be concluded that sponsors’ involvement in the merged entity's management team positively impacts returns regardless of the industry.Soares, Maria Margarida FigueiredoRUNBurmester, Lukas2022-01-132021-12-172025-12-17T00:00:00Z2022-01-13T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/143040TID:203040228enginfo:eu-repo/semantics/embargoedAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:21:04Zoai:run.unl.pt:10362/143040Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:50:38.702124Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Contributing factors to the performance of firms acquired by special purpose acquisition companies |
title |
Contributing factors to the performance of firms acquired by special purpose acquisition companies |
spellingShingle |
Contributing factors to the performance of firms acquired by special purpose acquisition companies Burmester, Lukas Corporate finance Ipos Performance Special purpose acquisition company Spacs Despacs Spac vehicle Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Contributing factors to the performance of firms acquired by special purpose acquisition companies |
title_full |
Contributing factors to the performance of firms acquired by special purpose acquisition companies |
title_fullStr |
Contributing factors to the performance of firms acquired by special purpose acquisition companies |
title_full_unstemmed |
Contributing factors to the performance of firms acquired by special purpose acquisition companies |
title_sort |
Contributing factors to the performance of firms acquired by special purpose acquisition companies |
author |
Burmester, Lukas |
author_facet |
Burmester, Lukas |
author_role |
author |
dc.contributor.none.fl_str_mv |
Soares, Maria Margarida Figueiredo RUN |
dc.contributor.author.fl_str_mv |
Burmester, Lukas |
dc.subject.por.fl_str_mv |
Corporate finance Ipos Performance Special purpose acquisition company Spacs Despacs Spac vehicle Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Corporate finance Ipos Performance Special purpose acquisition company Spacs Despacs Spac vehicle Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
SPACs were one of the most discussed topics in media recently. This paper examines which factors contribute to the performance of firms that merged with SPACs. Multi-linear regression analyses are performed with a sample of 77 different firms acquired between 2006 and 2020. Initiators (sponsors) of SPACs are often considered well experienced in their industries. This study confirms that if a sponsor to okover the CEO role in the operating company, it positively impacts returns, especially in complex industries. Eventually, it can be concluded that sponsors’ involvement in the merged entity's management team positively impacts returns regardless of the industry. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-12-17 2022-01-13 2022-01-13T00:00:00Z 2025-12-17T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/143040 TID:203040228 |
url |
http://hdl.handle.net/10362/143040 |
identifier_str_mv |
TID:203040228 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
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info:eu-repo/semantics/embargoedAccess |
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embargoedAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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