Investor reaction to SPACs' voluntary disclosures

• Main Authors: CASTELLANI, Vincent, MULLER, Karl A., PARK, K.J.
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2024
• 主題: voluntary disclosure; SPACs; revenue forecasts; retail investors; special purpose acquisition company; Accounting; Corporate Finance
• 在線閱讀: https://ink.library.smu.edu.sg/soa_research/2017; https://ink.library.smu.edu.sg/context/soa_research/article/3044/viewcontent/tar_2022_0003_pv.pdf

SPACs are formed to combine with and provide a private firm public trading status and a capital infusion. Firms that enter the public market through a SPAC combination are believed to possess greater voluntary disclosure discretion than traditional IPOs as they obtain their public trading status thr...