This study documents the changes in the corporate design of modern Specified Purpose Acquisition Companies (SPACs) for … the years 2003–2012. Do institutional characteristics of SPACs determine the success of their merger outcomes? The paper … finds that SPACs significantly redesigned their structure in the period under observation. In addition, the probability of a …

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 …

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 …

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 …

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 …