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*Update* A Sober Look at SPACs with Professor Michael Klausner

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Manage episode 316936873 series 2494682
Content provided by The Council of Institutional Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Council of Institutional Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode, CII General Counsel Jeff Mahoney interviews Michael Klausner, the Nancy and Charles Munger Professor of Business and Professor of Law, at Stanford Law School.
Last year, Professor Klausner co-authored a research paper entitled “A Sober Look at SPACs.” Based on research from January 2019 through June 2000, the paper found three disconcerting features of special purpose acquisitions companies: (1) SPAC shares were highly dilutive; (2) the post-merger performance of SPAC shares were quite low; and (3) SPAC sponsors’ returns were extraordinarily high.

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188 episodes

Artwork
iconShare
 
Manage episode 316936873 series 2494682
Content provided by The Council of Institutional Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Council of Institutional Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode, CII General Counsel Jeff Mahoney interviews Michael Klausner, the Nancy and Charles Munger Professor of Business and Professor of Law, at Stanford Law School.
Last year, Professor Klausner co-authored a research paper entitled “A Sober Look at SPACs.” Based on research from January 2019 through June 2000, the paper found three disconcerting features of special purpose acquisitions companies: (1) SPAC shares were highly dilutive; (2) the post-merger performance of SPAC shares were quite low; and (3) SPAC sponsors’ returns were extraordinarily high.

  continue reading

188 episodes

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