Serial Entrepreneurs: Evidence from SPACs

Posted: 19 Feb 2020

See all articles by Kristi Marvin

Kristi Marvin

SPACinsider.com

Tereza Tykvova

University of St. Gallen - Swiss Institute of Banking and Finance

Milos Vulanovic

EDHEC Business School

Date Written: January 23, 2020

Abstract

This study examines whether the serial entrepreneurial experience of founders contributes to improved overall performance using a sample of Specified Purpose Acquisition Companies (SPACs) innovative firms that entered the U.S. financial markets since August 2003. Based on subsample analysis, evidence shows that previous experience has significant positive implications for the likelihood of the SPACs merger and consequently for value creation.

Keywords: Blank checks, Initial public offering, M&A, SPACs, Serial entrepreneur, Specified purpose acquisition companies

JEL Classification: G12, G14, G24, G30, G32, G34

Suggested Citation

Marvin, Kristi and Tykvova, Tereza and Vulanovic, Milos, Serial Entrepreneurs: Evidence from SPACs (January 23, 2020). Available at SSRN: https://ssrn.com/abstract=3524336

Kristi Marvin

SPACinsider.com

Tereza Tykvova

University of St. Gallen - Swiss Institute of Banking and Finance ( email )

Rosenbergstrasse 52
St. Gallen, CH-9000
Switzerland

Milos Vulanovic (Contact Author)

EDHEC Business School ( email )

24, avenue Gustave Delory
CS 50411
Roubaix, 59057
France

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