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Zur Theorie der Wagnisfinanzierung : Informations- und Anreizprobleme vor dem Börsengang
Bigus, Jochen - 2003 - 1. Aufl.
Persistent link: https://www.econbiz.de/10001763361
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Information Revelation : Evaluating a Merger-Driven Theory of IPOs
Queen, Pamela E - 2015
problems among insiders and potential investors. Hsieh, Lyandres, and Zhdanov (2011) propose a merger-driven theory of IPOs in … merger and acquisition (M&A) activity. For initial public offerings (IPOs), this uncertainty is about valuation of shares … therefore the subsequent second-stage merger yields better benefits. This paper explores this premise by examining the …
Persistent link: https://www.econbiz.de/10013012428
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Opaque Information and The Incentives of SPAC Sponsors
Feng, Felix Zhiyu; Nohel, Tom; Tian, Xuan; Wang, Wenyu; … - 2022
Special Purpose Acquisition Companies (SPACs) have exploded in popularity in recent years. Their unique business model and structures beckon a comprehensive understanding of the incentives of SPAC sponsors and the implications of hidden information on the welfare of retail SPAC investors. This...
Persistent link: https://www.econbiz.de/10013291901
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A Theory of SPACs
Hori, Keiichi; Osano, Hiroshi - 2022
We explore equilibrium allocation and efficiency when private firms are listed by merging with a Special Purpose Acquisition Company (SPAC), compared with when they are listed through a traditional initial public offering (IPO). We show that a traditional IPO is more informationally efficient...
Persistent link: https://www.econbiz.de/10013323813
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How reverse merger firms raise capital in PIPEs : search costs and placement agent reputation
Bayar, Onur; Liu, Yini; Mao, Juan - In: Review of quantitative finance and accounting 56 (2021) 1, pp. 143-184
Persistent link: https://www.econbiz.de/10012432633
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SPAC IPOs
Shachmurove, Yochanan - 2017
Specified Purpose Acquisition Companies (SPACs) are a special type of public companies currently available to investors in financial markets. As an investment vehicle, modern SPACs are traced back to 18th century England where blank checks were first mentioned as blind pools during the infamous...
Persistent link: https://www.econbiz.de/10012965649
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SPAC Attack : An Examination of SPAC Director Compensation and Its Legal Implications
Fortney, Hunter - 2021
claims surrounding the SPAC merger may be examined under the exacting entire fairness standard rather than the deferential …
Persistent link: https://www.econbiz.de/10013214057
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Ownership structure and the survival of listed firms : evidence from Korean reverse mergers
Han, Seung Hun; Kwon, Yonghyun - In: Asia-Pacific journal of financial studies 44 (2015) 3, pp. 387-420
Persistent link: https://www.econbiz.de/10011459011
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A hard look at SPAC projections
Blankespoor, Elizabeth; Hendricks, Bradley E.; Miller, … - In: Management science : journal of the Institute for … 68 (2022) 6, pp. 4742-4753
Persistent link: https://www.econbiz.de/10013369117
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An Overview of SPACs and the 2020-2021 SPAC Surge
Moon, Laura - 2022
an IPO. After raising IPO proceeds the SPAC has two years to find a private company to take public via merger. This paper …
Persistent link: https://www.econbiz.de/10013307505