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SPACs : = An Alternative Investment Vehicle.

紀錄類型:	書目-語言資料,手稿 : Monograph/item
正題名/作者:	SPACs :/
其他題名:	An Alternative Investment Vehicle.
作者:	Anup, Nitusha.
面頁冊數:	1 online resource (49 pages)
附註:	Source: Masters Abstracts International, Volume: 85-10.
Contained By:	Masters Abstracts International85-10.
標題:	Finance. -
電子資源:	click for full text (PQDT)
ISBN:	9798382134666

SPACs : = An Alternative Investment Vehicle.
Anup, Nitusha.

SPACs :An Alternative Investment Vehicle. - 1 online resource (49 pages)

Source: Masters Abstracts International, Volume: 85-10.

Thesis (M.A.)--Universidade do Porto (Portugal), 2016.

Includes bibliographical references

Special Purpose Acquisition Companies (hereafter SPACs) well known as blind pool or blank check companies are defined, in a simple way, as alternative way to access the public markets. Since SPACs are becoming an increasingly popular alternative investment vehicle as they are a meritorious entity to substitute the presence of private equity in some segments of the market (Reimer 2007), this study is dedicated to analyze the returns for investors and clarify the impact that the market prices have in the decision of the investors. This topic assumes a particular importance for investors,managers, shareholders, and founders to understand how the decision-making process works in this kind of "blind pool" investments. Similar study (Jenkinson and Sousa,2011) has been done for the period between 2003 and 2006 and concluded that investor should listen to the market while approving/rejecting proposed deals. Our sample expands the time frame for the period between 2007 and 2013, in order to identify if the changes occurred, after 2007, in the SPACs structure changed the way the investors take their decisions and started taking into account the information imbedded in market prices at the decision date. Our study clearly demonstrates that neither the alert of Jenkinson and Sousa (2011) nor the changes in the SPACs structure change the behavior of investors and so investors are still not listening to the market and approving value destroying deals.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798382134666Subjects--Topical Terms:

559073
Finance.
Index Terms--Genre/Form:

554714
Electronic books.

SPACs : = An Alternative Investment Vehicle.
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245 1 0 $a SPACs : $b An Alternative Investment Vehicle.
264 0 $c 2016
300 $a 1 online resource (49 pages)
336 $a text $b txt $2 rdacontent
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500 $a Source: Masters Abstracts International, Volume: 85-10.
500 $a Advisor: Sousa, Miguel Augusto Gomes;Fortuna, Natercia Silva.
502 $a Thesis (M.A.)--Universidade do Porto (Portugal), 2016.
504 $a Includes bibliographical references
520 $a Special Purpose Acquisition Companies (hereafter SPACs) well known as blind pool or blank check companies are defined, in a simple way, as alternative way to access the public markets. Since SPACs are becoming an increasingly popular alternative investment vehicle as they are a meritorious entity to substitute the presence of private equity in some segments of the market (Reimer 2007), this study is dedicated to analyze the returns for investors and clarify the impact that the market prices have in the decision of the investors. This topic assumes a particular importance for investors,managers, shareholders, and founders to understand how the decision-making process works in this kind of "blind pool" investments. Similar study (Jenkinson and Sousa,2011) has been done for the period between 2003 and 2006 and concluded that investor should listen to the market while approving/rejecting proposed deals. Our sample expands the time frame for the period between 2007 and 2013, in order to identify if the changes occurred, after 2007, in the SPACs structure changed the way the investors take their decisions and started taking into account the information imbedded in market prices at the decision date. Our study clearly demonstrates that neither the alert of Jenkinson and Sousa (2011) nor the changes in the SPACs structure change the behavior of investors and so investors are still not listening to the market and approving value destroying deals.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2024
538 $a Mode of access: World Wide Web
650 4 $a Finance. $3 559073
650 4 $a Investors. $3 1474143
650 4 $a Decision making. $3 528319
650 4 $a Investments. $3 557691
655 7 $a Electronic books. $2 local $3 554714
690 $a 0508
710 2 $a Universidade do Porto (Portugal). $3 1188642
710 2 $a ProQuest Information and Learning Co. $3 1178819
773 0 $t Masters Abstracts International $g 85-10.
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=30941747 $z click for full text (PQDT)