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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

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