Repeat SPAC Sponsors
Lopullinen julkaistu versio - 439.24 KB
Finne, G., & Haga, J. (2026). Repeat SPAC Sponsors. European Financial Management. https://doi.org/10.1111/eufm.70095.
© 2026 The Author(s). European Financial Management published by John Wiley & Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
Pysyvä osoite
Kuvaus
Sponsors are the key value-generating resource for special purpose acquisition companies (SPACs). We identify a subgroup of sponsors—repeat sponsors—who have formed and managed multiple SPACs. Repeat sponsors identify target companies faster, and their SPACs merge with private companies of higher quality. However, these benefits are attenuated when sponsors manage multiple SPACs simultaneously, suggesting that overlapping commitments create conflicts of interest and dilute sponsor attention. Overall, our findings highlight a tradeoff between the benefits of sponsor expertise and experience, and the costs associated with concurrent sponsorship.
Emojulkaisu
ISBN
ISSN
1468-036X
1354-7798
1354-7798
Aihealue
Kausijulkaisu
European financial management
OKM-julkaisutyyppi
A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä (vertaisarvioitu)