Foreign versus domestic SPACs in the US Market

被引:0
|
作者
Chiang, Yao-Min [1 ]
Park, Bokyung [1 ]
Rhee, S. Ghon [2 ]
Tsai, Hui-Ju [3 ]
机构
[1] Natl Taiwan Univ, Coll Management, Dept Finance, 1 Sect 4,Roosevelt Rd, Taipei City 106, Taiwan
[2] Univ Hawaii Manoa, Shidler Coll Business, Dept Finance, Honolulu, HI USA
[3] Washington Coll, Dept Business Management, Chestertown, MD USA
关键词
Domestic SPACs; de-SPACs; Foreign SPACs; IPOs; PURPOSE ACQUISITION COMPANIES;
D O I
10.1111/eufm.12511
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This study compares domestic and foreign special purpose acquisition companies (SPACs) listed in the US market. Compared with domestic SPACs, we find that foreign SPACs raise lower proceeds from initial public offerings and private investments in public equity funding. Additionally, redemption rates of foreign SPACs are higher than those of domestic SPACs. Our findings suggest that foreign SPACs face a competitive disadvantage due to their limited networks in the US market.
引用
收藏
页数:35
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