All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC

Magnus Blomkvist, Giacomo Nocera and Milos Vulanovic
''SPAC CEOs and capital raising outcomes''
( 2022, Vol. 42 No.2 )
We study the CEO's role in the SPAC capital raising process, using a hand-collected sample of 298 U.S. SPACs. We find that experience gained through managing public companies is linked to 11% larger SPACs. As the IPO process continues, the CEO's financial expertise becomes important in raising external capital, resulting in a 13% increase of exercised overallotment options.
Keywords: CEOs, Human capital, IPO, SPACs
JEL: G3 - Corporate Finance and Governance: General
G2 - Financial Institutions and Services: General
Manuscript Received : Jun 03 2021 Manuscript Accepted : Jun 30 2022

  This abstract has been downloaded 80 times                The Full PDF of this paper has been downloaded 153793 times