We chose to do our thesis on the topic of SPACs, more specifically on the transparency and governance of SPACs, including questions related to the responsibility of sponsors and leaders of such .<\/p>\n
<\/p>\n
We do not have a definitive thesis question yet (so feel free to tweak it) but the main idea\/problem goes as followed :<\/p>\n
“Within the framework of a Special Purpose Acquisition Company (SPAC),
\nwhat specific aspects of governance have the potential to give rise to
\napprehensions regarding the acquisition of a company that may be
\novervalued?”<\/u><\/b><\/p>\n<\/div>\n<\/div>\n
<\/span><\/p>\n<\/div>\n<\/div>\n \n <\/p>\n Important: <\/b><\/u><\/p>\n <\/p>\n We need this thesis in a week, so we have time to go through it and personalize it further before submitting it. Please provide it in Word document format in 1.5 line spacing. Because we already provided 20 pages of writting (litterature review), we need an additionnal 40 pages in 1.5 line spacing, thus the reason why we opened a contract for 60 pages in double line spacing. <\/p>\n <\/p>\n Guidlines Summary:<\/b><\/u><\/p>\n <\/p>\n The thesis properly begins with the first page of the first chapter section. Each chapter or section should represent an important division of the thesis. Each chapter should have a title identifying the subject contained therein. Typically, a thesis contains the following chapters: <\/p>\n The final master’s thesis should be a minimum of 60 pages in length<\/u>, excluding appendices. Note that the document should contain a reasonable amount of text and not be a mass of tables, graphs and figures. The Master Thesis should be formatted in Times New Roman 12 (or equivalent) with 1.5 line spacing<\/u> and 2.5cm margins. Text should be justified. In text-references and the bibliography should use an internationally recognized system of referencing. The project includes the following materials and sections, in the sequence indicated (see details in appendix 1): <\/p>\n <\/p>\n Attached documents: – The detailed guidelines.<\/p>\n <\/p>\n <\/p>\n <\/p>\n Lastly, here are indications about the variables we think are relevant to answer our thesis question:<\/b><\/u><\/p>\n Dependant<\/span> variable<\/span><\/u><\/span>\u202f: <\/span>Abnormal<\/span> return during the first <\/span>day<\/span> of cotation<\/span> post merger<\/span><\/span>s<\/p>\n Independant<\/u><\/span> variables<\/span><\/u><\/span>\u202f:<\/span><\/span> Time <\/span>from<\/span> the SPAC IPO <\/span>to<\/span> the acquisition deal <\/span>announcement.<\/span><\/span><\/p>\n<\/li>\n Due Diligence and Target Selection<\/strong>: SPACs have a limited timeframe, often around two years, to identify and acquire a suitable target company. This time constraint might lead to rushed due diligence and a lack of thorough evaluation of the target’s financials, operations, and market potential. If the SPAC’s management team fails to conduct comprehensive due diligence, there’s a risk of acquiring a company with an inflated valuation.<\/p>\n<\/li>\n Conflicts of Interest<\/strong>: The sponsors and management of a SPAC are usually entitled to certain compensation, which could include a significant portion of the equity in the acquired company. This might create a conflict of interest where the management is incentivized to complete an acquisition, even if the target company is overvalued. Such conflicts can compromise the decision-making process and lead to deals that may not be in the best interest of SPAC investors.<\/p>\n<\/li>\n Valuation Challenges<\/strong>: Valuing private companies accurately can be complex, and there’s a risk that a SPAC might overvalue a target due to limited access to information, overly optimistic assumptions, or lack of experience in evaluating certain industries. This can result in the SPAC acquiring a company at a price that doesn’t reflect its true market value.<\/p>\n<\/li>\n Disclosure and Transparency<\/strong>: The level of transparency regarding the target company’s financials and operations might not be as comprehensive as in a traditional IPO process. This lack of information can make it difficult for investors to assess the target’s valuation and potential risks accurately.<\/p>\n<\/li>\n Lack of Operating History<\/strong>: Many target companies of SPACs are relatively young and might not have a long track record of financial performance. This lack of operating history can make it challenging to evaluate their growth prospects and assess whether their valuation is justified.<\/p>\n<\/li>\n Market Hype and Speculation<\/strong>: SPACs have gained significant attention and popularity in recent years, leading to market enthusiasm and speculation. This hype can drive up demand for SPAC shares, creating pressure to complete an acquisition regardless of the target’s actual value.<\/p>\n<\/li>\n Post-Acquisition Performance<\/strong>: If a SPAC acquires a company that is overvalued, it might struggle to meet the growth expectations set by the market. This could lead to post-acquisition challenges and potentially result in a decline in share value for the SPAC investors.<\/p>\n<\/li>\n<\/ol>\n<\/div>\n We chose to do our thesis on the topic of SPACs, more specifically on the transparency and governance of SPACs, including questions related to the responsibility of sponsors and leaders of such . We do not have a definitive thesis question yet (so feel free to tweak it) but the main idea\/problem goes as followed […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[1152],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/32626"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=32626"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/32626\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=32626"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=32626"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=32626"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=32626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\u2022 Introduction
\u2022 Literature Review (already done but needs serious improvement)
\u2022 Methodology
\u2022 Results
\u2022 Discussion and Implications<\/p>\n
\u2022 Title page
\u2022 Keywords and abstract (150 words) in English
\u2022 Preface and\/or dedication and\/or acknowledgments
\u2022 Table of contents
\u2022 Executive summary (2 or 3 pages)
\u2022 List of tables
\u2022 List of figures
\u2022 Body of text
\u2022 Reference list
\u2022 Appendix or appendices <\/p>\n
<\/b><\/u><\/p>\n
– All findings we have gathered so far. We have 10\u201315 sources, which are academic papers (not all of them are that good though), so you will need to provided at least 10 more.
– As indicated above, we did the literature review (almost 20 pages), but it needs improvement. The feedback from the teacher is in blue at the beginning of it. Please do so.<\/p>\n
<\/span><\/u><\/span><\/p>\n
<\/span><\/p>\n\n
<\/span><\/li>\n
< 80% trust asset \/ ~ 80% trust assset \/<\/span> >=100% <\/span>trust asset<\/span>
<\/span><\/li>\n
<\/span><\/li>\n
<\/span><\/li>\n
<\/span><\/li>\n
<\/span><\/li>\n\n