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| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 朴寶卿 | zh_TW |
| dc.contributor.advisor | Bokyung Park | en |
| dc.contributor.author | 王香人 | zh_TW |
| dc.contributor.author | Xiangren Wang | en |
| dc.date.accessioned | 2023-07-31T16:23:01Z | - |
| dc.date.available | 2023-11-09 | - |
| dc.date.copyright | 2023-07-31 | - |
| dc.date.issued | 2023 | - |
| dc.date.submitted | 2023-07-01 | - |
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| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/87931 | - |
| dc.description.abstract | SPAC是私募股權投資和IPO的創新性結合，為以增長為導向和新興行業提供了更快速、明確的上市管道。SPAC的管理團隊在所有必要的流程中扮演著關鍵角色，與傳統IPO中的董事會具有類似的職能。本文基於對SPAC上市模式、業務流程和市場狀況的詳細說明，針對管理團隊背景特徵的多樣性對SPAC融資、時限、和短/長期績效的影響進行了深入分析。分析結果顯示，SPAC管理團隊的教育背景多樣性、過去的風險投資/私募股權經驗、以往SPAC經驗和團隊規模多樣性對SPAC的整體績效有積極影響；而教育程度多樣性和創業經驗則具有相反的效果。管理團隊的年齡多樣性和工作經驗多樣性對於SPAC整體績效的影響表現出混合的效應。透過對在美國上市的SPAC管理團隊背景特徵多樣性的分析，旨在為未來關於SPAC績效決定因素的研究提供一個分析框架，並對SPAC管理團隊的組成提供相關的建議。 | zh_TW |
| dc.description.abstract | SPAC is an innovative combination of private equity investments and IPO, providing a faster and more definitive listing channel for growth-oriented and innovative industries. The management team of a SPAC plays a crucial role in all necessary processes, just like the board of directors in traditional IPOs. This paper, based on a detailed explanation of the SPAC listing model, business processes, and market status, conducts an in-depth analysis of the impact of diversity in various background characteristics of the management team on SPAC financing, timelines, and short- and long-term performance. I find that the educational background diversity, the past VC/PE experience, the SPAC experience, and team size diversity of the SPAC management team all have a promoting impact on the overall performance of SPACs, while the educational degree diversity and business founding experience ratio have the opposite effect. Age diversity and working experience diversity of the management team show mixed effects on contributing to the SPAC's performance. Through the analysis of U.S. listed SPACs’ management team background characteristic diversities, the aim is to provide a research framework for future studies on determinants of SPAC performance and offer pertinent suggestions for the composition of SPAC management teams. | en |
| dc.description.provenance | Submitted by admin ntu (admin@lib.ntu.edu.tw) on 2023-07-31T16:23:01Z No. of bitstreams: 0 | en |
| dc.description.provenance | Made available in DSpace on 2023-07-31T16:23:01Z (GMT). No. of bitstreams: 0 | en |
| dc.description.tableofcontents | I. Acknowledgement i
II. 摘要 ii III. Abstract iii 1. Introduction 1 2. Institutional Background 4 2.1. History and recent trends of SPACs 4 2.2. Stages of the SPAC lifestyles 7 3. Measurement of SPAC management team characteristics 10 3.1. SPAC Management Team 10 3.1.1. The Sponsor 10 3.1.2. The Management Team Members 12 3.2. Background Characteristic Index Selection 13 3.2.1. Sub-Index I: Demographic Diversity 14 3.2.1.1. Age Diversity 14 3.2.1.2. Gender Diversity 15 3.2.2. Sub-Index II: Education Diversity 16 3.2.2.1. Educational Degree Diversity 16 3.2.2.2. Educational Background Diversity 16 3.2.3. Sub-Index III: Professional Diversity 17 3.2.3.1. Expertise Diversity 17 3.2.3.2. Business-founding Experience Diversity 17 3.2.3.3. Executive Position Diversity 17 3.2.3.4. Working Experience Diversity 17 3.2.3.5. Professional Qualification Diversity 18 3.2.3.6. Finance Industry Experience Diversity 18 3.2.4. Sub-Index IV: Team Trait Diversity 18 3.2.4.1. Independence Diversity 18 3.2.4.2. Team Size Diversity 19 3.2.5. Sub-Index V: Managerial Trait Diversity 20 3.2.5.1. Political Connection Diversity 20 3.2.5.2. Military Experience Diversity 20 4. Sample and Variables 21 4.1. Sample Selection and Data Sources 21 4.2. Variables and Indexes 21 4.2.1. Diversity indexes 21 4.2.2. Measurement of performance of SPACs and de-SPACs 26 5. Empirical Design and Result 28 5.1. Descriptive Statistics 28 5.2. Correlation Analysis 29 5.3. Regression Analysis 30 5.3.1. Management Team Characteristics and IPO Proceeds and PIPE 30 5.3.2. Management Team Characteristics and SPAC Timeline 31 5.3.3. Management Team Characteristics and Target Announcement Return 33 5.3.4. Management Team Characteristics and SPAC Performance 34 5.3.5. Management Team Characteristics and Long-term Performance of deSPACs 35 6. Conclusion and Prospects 36 6.1. Conclusion 36 6.2. Prospects 39 References 41 Appendix 59 | - |
| dc.language.iso | en | - |
| dc.subject | 取消特殊目的收購公司 | zh_TW |
| dc.subject | 團隊多樣性 | zh_TW |
| dc.subject | 管理團隊特徵 | zh_TW |
| dc.subject | 特殊目的收購公司 | zh_TW |
| dc.subject | 特殊目的收購公司績效表現 | zh_TW |
| dc.subject | SPACs | en |
| dc.subject | team diversity | en |
| dc.subject | management team characteristics | en |
| dc.subject | de-SPACs | en |
| dc.subject | SPAC performance | en |
| dc.title | SPAC 管理團隊特徵多樣性與公司績效 | zh_TW |
| dc.title | SPAC Management Team and Performance of SPACs and De-SPACs | en |
| dc.type | Thesis | - |
| dc.date.schoolyear | 111-2 | - |
| dc.description.degree | 碩士 | - |
| dc.contributor.coadvisor | 姜堯民 | zh_TW |
| dc.contributor.coadvisor | Yao-Min Chiang | en |
| dc.contributor.oralexamcommittee | 吳政衞;張景宏 | zh_TW |
| dc.contributor.oralexamcommittee | Cheng-Wei Wu;Ching-Hung Chang | en |
| dc.subject.keyword | 特殊目的收購公司,取消特殊目的收購公司,管理團隊特徵,團隊多樣性,特殊目的收購公司績效表現, | zh_TW |
| dc.subject.keyword | SPACs,de-SPACs,management team characteristics,team diversity,SPAC performance, | en |
| dc.relation.page | 61 | - |
| dc.identifier.doi | 10.6342/NTU202301127 | - |
| dc.rights.note | 同意授權(限校園內公開) | - |
| dc.date.accepted | 2023-07-03 | - |
| dc.contributor.author-college | 管理學院 | - |
| dc.contributor.author-dept | 財務金融學系 | - |
| 顯示於系所單位： | 財務金融學系 | |
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