stdClass Object
(
    [id] => 16673
    [paper_index] => 202506-01-022666
    [title] => VALUE CREATOR OR DESTROYER: EVIDENCE FROM SPECIAL PURPOSE ACQUISITION COMPANIES
    [description] => 
    [author] => Prof. Dr. Tamizharasi , Prajwal S. Patil
    [googlescholar] => 
    [doi] => https://doi.org/10.36713/epra22666
    [year] => 2025
    [month] => June
    [volume] => 11
    [issue] => 6
    [file] => fm/jpanel/upload/2025/June/202506-01-022666.pdf
    [abstract] => This study examines the performance of Special Purpose Acquisition Companies (SPACs) over short-term (6-month) and long-term (2-year) horizons by comparing their returns against a zero benchmark. Using paired sample t-tests, we evaluate whether SPACs generate statistically significant excess returns or underperformance relative to the benchmark. The results indicate that SPACs do not exhibit significant outperformance or underperformance in either the 6-month (p = 0.080) or 2-year (p = 0.073) periods. Additionally, no significant difference is observed between short-term and long-term returns. These findings suggest that, on average, SPACs neither consistently beat nor fall short of the zero benchmark, implying that their performance aligns with a neutral baseline. The study highlights the importance of considering additional factors, such as market conditions and sector-specific trends, when assessing SPAC investments. Further research with expanded datasets and alternative benchmarks is recommended to enhance the robustness of these conclusions.
    [keywords] => Spacs, IPO Performance, Event Study, T-Test, Long-Term Returns, Short-Term Returns, Zero Benchmark.
    [doj] => 2025-06-21
    [hit] => 
    [status] => 
    [award_status] => P
    [orderr] => 166
    [journal_id] => 1
    [googlesearch_link] => 
    [edit_on] => 
    [is_status] => 1
    [journalname] => EPRA International Journal of Multidisciplinary Research (IJMR)
    [short_code] => IJMR
    [eissn] =>  2455-3662 (Online)
    [pissn] => - --
    [home_page_wrapper] => images/products_image/11.IJMR.png
)
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