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SPAC CEOs and Capital Raising Outcomes

Author

Listed:
  • M. Blomkvist

    (Audencia Business School)

  • G. Nocera

    (Audencia Business School)

  • M. Vulanovic

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.

Suggested Citation

  • M. Blomkvist & G. Nocera & M. Vulanovic, 2022. "SPAC CEOs and Capital Raising Outcomes," Post-Print hal-04570251, HAL.
    • Handle: RePEc:hal:journl:hal-04570251
    Note: View the original document on HAL open archive server: https://hal.science/hal-04570251
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    References listed on IDEAS

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    More about this item

    Keywords

    CEOs; Human capital; IPO; SPACs;
    All these keywords.

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance
    • G2 - Financial Economics - - Financial Institutions and Services

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