Serial Entrepreneurs: Evidence from SPACs
Posted: 19 Feb 2020
Date Written: January 23, 2020
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: Suggested Citation