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SPACs : post-merger survival
Vulanovic, Milos - 2016
This paper studies how institutional characteristics of Specified Purpose Acquisition Companies (SPACs) are related to … their post-merger survival. SPACs are unique financial firms that conduct the IPO with the solely purpose to use the … proceeds to acquire another private company. Paper finds that institutional characteristics of SPACs are important in …
Persistent link: https://www.econbiz.de/10011567362
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SPACs in Shipping
Shachmurove, Yochanan; Vulanovic, Milos - 2013
In this study we examine how Specified Purpose Acquisition Companies (SPACs) were used as a financing tool for … companies in the shipping industry in period 2004-2011. We confirm that SPACs focused on acquisitions in the shipping industry … have similar characteristics as the population of SPACs that entered U.S financial markets in the same period. When their …
Persistent link: https://www.econbiz.de/10010327773
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SPACs: Post-merger survival
Vulanovic, Milos - 2016
This paper studies how institutional characteristics of Specified Purpose Acquisition Companies (SPACs) are related to … their post-merger survival. SPACs are unique financial firms that conduct the IPO with the solely purpose to use the … proceeds to acquire another private company. Paper finds that institutional characteristics of SPACs are important in …
Persistent link: https://www.econbiz.de/10011567076
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SPACs in shipping
Shachmurove, Yochanan; Vulanovic, Milos - 2013
In this study we examine how Specified Purpose Acquisition Companies (SPACs) were used as a financing tool for … companies in the shipping industry in period 2004-2011. We confirm that SPACs focused on acquisitions in the shipping industry … have similar characteristics as the population of SPACs that entered U.S financial markets in the same period. When their …
Persistent link: https://www.econbiz.de/10010225447
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SPAC IPOs
Shachmurove, Yochanan; Vulanovic, Milos - 2018
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 18-th century England where blank checks … Commission classifies SPAC as a blank check company. This chapter reviews the academic and financial literatures about SPACs …
Persistent link: https://www.econbiz.de/10011844106
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SPACs with focus on China
Shachmurove, Yochanan; Vulanovic, Milos - 2014
In this study, we examine characteristics of Specified Purpose Acquisition Companies (SPACs) used as a financing tool … mergers focusing on China, SPACs that focus on China are not different in their characteristics from other SPACs. We test for … the performance of the SPACs focused on China and show that their performance is not inferior to the performance of other …
Persistent link: https://www.econbiz.de/10010332133
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SPACs with focus on China
Shachmurove, Yochanan; Vulanovic, Milos - 2014 - Preprint, February 8th, 2014
In this study, we examine characteristics of Specified Purpose Acquisition Companies (SPACs) used as a financing tool … mergers focusing on China, SPACs that focus on China are not different in their characteristics from other SPACs. We test for … the performance of the SPACs focused on China and show that their performance is not inferior to the performance of other …
Persistent link: https://www.econbiz.de/10010372686
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SPAC IPOs
Shachmurove, Yochanan; Vulanovic, Milos - 2018
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 18-th century England where blank checks … Commission classifies SPAC as a blank check company. This chapter reviews the academic and financial literatures about SPACs …
Persistent link: https://www.econbiz.de/10011818572
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Why do Companies Include Warrants in Seasoned Equity Offerings: The case of French Unit Offerings.
Lasfer, Meziane; Ginglinger, Edith; Gajewski, Jean-François - Université Paris-Dauphine
We analyse the reasons why companies issue units when they raise additional capital. In contrast to previous evidence, our results show that units are not offered to mitigate the agency conflicts or to signal security mispricing as they are predominantly issued during cold periods, in public...
Persistent link: https://www.econbiz.de/10008532344
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Does venture capital investment spur employment growth?
Belke, Ansgar; Fehn, Rainer; Foster-McGregor, Neil - 2003
Anglo-Saxon countries have been successful in the 1990s concerning labor market performance compared to the former role models Germany and Japan. This reversal in relative economic performance might be related to idiosyncracies in financial markets with bank-based financial markets as in Germany...
Persistent link: https://www.econbiz.de/10011507850