Acquisition determinants of energy SPACs: Reflecting a closed group?

Nebojsa Dimic, John W. Goodell, Vanja Piljak and Milos Vulanovic

Finance Research Letters, 2023, vol. 55, issue PB

Abstract: Special Purpose Acquisition Companies (SPAC) as acquisition funders are now under investors scrutiny due to challenging market dynamics and pressure from regulators. Given the sustainability-related importance of energy SPACs, as well as their binary nature, of either funding an acquisition or failing, we seek to identify factors that lead to their success. Analyzing energy SPACs from 2003 to 2022, we find the speed of the process and established underwriter are primary indicators of success, while female presence on boards and CEOs being foreign act against success. Our results have practical implications for energy transition investors and entrepreneurs in energy sector.

Keywords: Energy; Initial public offerings; IPO; M&A; SPACs; Special purpose acquisition company (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612323003732
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:55:y:2023:i:pb:s1544612323003732

DOI: 10.1016/j.frl.2023.104001

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().