Sökning: "underperformance"

Visar resultat 21 - 25 av 87 uppsatser innehållade ordet underperformance.

1. 21. The High Risk and High Reward Game : Performance of Venture Capital Backed IPOs

   Master-uppsats, Linnéuniversitetet/Institutionen för ekonomistyrning och logistik (ELO)

   Författare :Johanna Karlsson; Didrik Brinkestam Persson; [2021]
   Nyckelord :Initial public offerings; venture capital; venture capital backed IPOs; non-venture capital backed IPOs; underpricing; initial first day return; abnormal return;

   Sammanfattning : For start-up businesses, the source of outside capital can be retrieved from the venture capital industry. The venture capital industry has grown substantially over the past 50 years, reaching its pinnacle during the internet bubble in the 1990s and serves as an important contributor to the economy. LÄS MER

3. 22. Understanding SPACs: A study of stakeholder characteristics in the US SPAC market

   D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Författare :Petter Björklund; [2021]
   Nyckelord :Special Purpose Acquisition Company; SPAC; Initial Public Offering; Reverse Merger; Shell Company;

   Sammanfattning : The number of Special Purpose Acquisition Companies ("SPACs") have surged in the recent year, despite previous research documenting the historical underperformance of SPACs, both compared to the market and traditional initial public offerings ("IPOs"). The purpose of this thesis is to contribute to an increased understanding of the US SPAC market and to further investigate stakeholder characteristics that in turn could point us towards an understanding of the SPAC market's general nature and development over time. LÄS MER

4. 23. How do SPACquisitions Perform?: Empirical Evidence on Post-Merger Performance in SPAC 3.0

   Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

   Författare :Rune Nicholas Christoffer Wikman; Jie Yang; [2021]
   Nyckelord :Special Purpose Acquisition Company; SPAC; Post-merger performance; Moral hazard; Initial Public Offering; Double Selection Lasso; Business and Economics;

   Sammanfattning : Special Purpose Acquisition Companies (“SPACs”) provide targets with an alternative route to the public markets and have grown significantly in popularity in recent years. The existing literature on SPAC performance, which predominantly examines the previous generation of SPACs (pre-2010), reveals that the market tends to react positively to acquisition announcement, while post-merger performance tends to be poor on average. LÄS MER

5. 24. Spaculative Sentiment - An Analysis of the Impact of Investor Sentiment on SPAC Activity and Performance

   D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Författare :Hannes Weidemann; Eid Jazairi; [2021]
   Nyckelord :Special purpose acquisition company; Investor sentiment; Speculative; Cross-sectional variation;

   Sammanfattning : SPACs have experienced a puzzling surge in popularity despite academics documenting their severe historic underperformance. This paper adds a new layer to previous research by investigating whether market sentiment can explain SPAC activity and performance. We find that SPAC activity rises when investor sentiment falls. LÄS MER

7. 25. Blev Guldet Till Sand?

   Kandidat-uppsats, Lunds universitet/Företagsekonomiska institutionen

   Författare :Jacob Wadsjö; Ted Arvidsson; Axel Markborn; [2020]
   Nyckelord :Nyckelord: Långsiktig underavkastning; Börsintroduktion IPO ; London Stock Exchange LSE ; Main Market; Alternative Investment Market AIM ; Multipel regressionsanalys; Benchmark; Window Of Opportunity Hypothesis.; Business and Economics;

   Sammanfattning : Syfte: Undersöka ifall fenomenet långsiktig underavkastning för IPO:s är förekommande på LSE. Teoretiskt ramverk: Det teoretiska ramverket utgår från tidigare forskning och teorier som framförallt fokuserar på långsiktig underavkastning. LÄS MER