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Vad påverkar SPAC-bolags avkastning?

Ståhl, Tilde LU ; Citré, Amanda and Ruuswik, Ebba (2024) FEKH89 20232
Department of Business Administration
Abstract
Title: What influences the return of SPAC companies? An examination of the relationship between independent variables and the return two years after the completion of the acquisition.
Seminar date: 11th of January 2024
Course: FEKH89, Examensarbete i finansiering på kandidatnivå
Authors: Amanda Citré, Tilde Ståhl & Ebba Ruuswik
Advisor: Elias Bengtsson
Research question: How are SPAC companies' returns two years after completed acquisition affected by six independent variables?
Purpose: The purpose of the study is to investigate whether there are relationships between the independent variables financial advisors, gender distribution in management, search time, company size, company age, current ratio, and the dependent variable... (More)
Title: What influences the return of SPAC companies? An examination of the relationship between independent variables and the return two years after the completion of the acquisition.
Seminar date: 11th of January 2024
Course: FEKH89, Examensarbete i finansiering på kandidatnivå
Authors: Amanda Citré, Tilde Ståhl & Ebba Ruuswik
Advisor: Elias Bengtsson
Research question: How are SPAC companies' returns two years after completed acquisition affected by six independent variables?
Purpose: The purpose of the study is to investigate whether there are relationships between the independent variables financial advisors, gender distribution in management, search time, company size, company age, current ratio, and the dependent variable return for SPAC companies that completed acquisitions on the U.S. market between January 1, 2020, and December 31, 2021.
Methodology: The selection comprised of 293 SPAC companies on the U.S. market that completed acquisitions during 2020 and 2021. The study employs a quantitative method with the use of a deductive approach. A multiple linear regression has been conducted using Ordinary Least Squares (OLS) to examine the relationship between the independent variables and the return.
Theoretical perspectives: The theories that has been used is in this study are principal-agent theory, information asymmetry and upper echelon theory.
Result: There is a significant correlation between company size and return, but not for the remaining independent variables.
Conclusions: Only the relationship between company size and SPAC companies two-year returns was found to be statistically significant in multivariate, which can be explained with the help of previous research showing that larger companies take lower risks and that they have the opportunity to implement more well-developed decision making systems. (Less)
Please use this url to cite or link to this publication:
author
Ståhl, Tilde LU ; Citré, Amanda and Ruuswik, Ebba
supervisor
organization
alternative title
En undersökning av sambandet mellan oberoende variabler och avkastningen två år efter genomfört förvärv.
course
FEKH89 20232
year
type
M2 - Bachelor Degree
subject
keywords
SPAC, return, acquisition, multiple regression analysis, IPO
language
Swedish
id
9144533
date added to LUP
2024-09-12 15:57:17
date last changed
2024-09-12 15:57:17
@misc{9144533,
  abstract     = {{Title: What influences the return of SPAC companies? An examination of the relationship between independent variables and the return two years after the completion of the acquisition.
Seminar date: 11th of January 2024
Course: FEKH89, Examensarbete i finansiering på kandidatnivå
Authors: Amanda Citré, Tilde Ståhl & Ebba Ruuswik
Advisor: Elias Bengtsson
Research question: How are SPAC companies' returns two years after completed acquisition affected by six independent variables?
Purpose: The purpose of the study is to investigate whether there are relationships between the independent variables financial advisors, gender distribution in management, search time, company size, company age, current ratio, and the dependent variable return for SPAC companies that completed acquisitions on the U.S. market between January 1, 2020, and December 31, 2021.
Methodology: The selection comprised of 293 SPAC companies on the U.S. market that completed acquisitions during 2020 and 2021. The study employs a quantitative method with the use of a deductive approach. A multiple linear regression has been conducted using Ordinary Least Squares (OLS) to examine the relationship between the independent variables and the return.
Theoretical perspectives: The theories that has been used is in this study are principal-agent theory, information asymmetry and upper echelon theory.
Result: There is a significant correlation between company size and return, but not for the remaining independent variables.
Conclusions: Only the relationship between company size and SPAC companies two-year returns was found to be statistically significant in multivariate, which can be explained with the help of previous research showing that larger companies take lower risks and that they have the opportunity to implement more well-developed decision making systems.}},
  author       = {{Ståhl, Tilde and Citré, Amanda and Ruuswik, Ebba}},
  language     = {{swe}},
  note         = {{Student Paper}},
  title        = {{Vad påverkar SPAC-bolags avkastning?}},
  year         = {{2024}},
}