Contributing factors to the performance of firms acquired by special purpose acquisition companies

Detalhes bibliográficos
Autor(a) principal: Burmester, Lukas
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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spelling 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
dc.rights.driver.fl_str_mv info:eu-repo/semantics/embargoedAccess
eu_rights_str_mv embargoedAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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