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| Magnus Blomkvist, Giacomo Nocera and Milos Vulanovic |
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| ''SPAC CEOs and capital raising outcomes'' |
| ( 2022, Vol. 42 No.2 ) |
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| 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. |
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| Keywords: CEOs, Human capital, IPO, SPACs |
JEL: G3 - Corporate Finance and Governance: General
G2 - Financial Institutions and Services: General |
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| Manuscript Received : Jun 03 2021 | | Manuscript Accepted : Jun 30 2022 |
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