TY  - CHAP
AB  - Purpose – We examine how the ownership and corporate governance of special purpose acquisition companies (SPACs) influence their short- and long-run performance.Design/methodology/approach – By splitting our sample at the median value of different governance characteristics, we test for differences in short- and long-run performance between the low and high governance groups.Findings – We find weak evidence of a positive influence of board independence on performance, but no indication that either managerial or institutional ownership is associated with performance.Research limitations/implications – The study provides further evidence on the open question of how governance characteristics affect firm performance.Originality/value – We describe the unique conflicts that exist within a SPAC, and the recent evolution of their organizational structure in response to these conflicts.
VL  - 15
SN  - 978-1-78052-788-8, 978-1-78052-789-5/1569-3732
DO  - 10.1108/S1569-3732(2012)0000015003
UR  - https://doi.org/10.1108/S1569-3732(2012)0000015003
AU  - Howe John S.
AU  - O’Brien Scott W.
ED  - Stephen P. Ferris
ED  - Kose John
ED  - Anil K. Makhija
PY  - 2012
Y1  - 2012/01/01
TI  - SPAC Performance, Ownership and Corporate Governance
T2  - Advances in Financial Economics
T3  - Advances in Financial Economics
PB  - Emerald Group Publishing Limited
SP  - 1
EP  - 14
Y2  - 2024/04/23
ER  -