SPAC CEOs and Capital Raising Outcomes

M. Blomkvist (), G. Nocera and Milos Vulanovic
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M. Blomkvist: Audencia Business School
G. Nocera: Audencia Business School

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Abstract: We study the CEOs' 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 (search for similar items in EconPapers)
Date: 2022-04
Note: View the original document on HAL open archive server: https://hal.science/hal-04570251
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Published in Economics Bulletin, 2022, 42 (2)

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Journal Article: SPAC CEOs and capital raising outcomes (2022)
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