Abnormal returns from insider trades on special purpose acquisition company’s (SPAC’s) warrants

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dc.contributor.advisor Dodds, J. C. (James Colin)
dc.creator Lim, Zhen Hong
dc.date.accessioned 2022-08-18T13:27:01Z
dc.date.available 2022-08-18T13:27:01Z
dc.date.issued 2022-07-18
dc.identifier.uri http://library2.smu.ca/xmlui/handle/01/31006
dc.description 1 online resource (vii, 60 pages) : colour maps, charts (chiefly colour), graphs (chiefly colour)
dc.description Includes abstract.
dc.description Includes bibliographical references (pages 51-60).
dc.description.abstract This Master Research Paper explores the disgraceful impact in the finance industry, and the lucrative returns from the Special Purpose Acquisition Company (SPAC) warrants with insider and trader trades (information). <br>A SPAC, also known as “blank check company”, is an innovative publicly-traded investment vehicle which began in 1993 for companies to raise funds via an initial public offering (IPO) to complete a targeted acquisition. An event study methodology was conducted to provide a systematic review of the pre-announcement and post-announcement of price and volume movement on SPAC warrants from different industries. A sample size of 11 events was utilized.<br> This study finds that the insider traders causes abnormal movement on warrant price and volumes trades over the event period (between trading day -5 to trading day 30) on those SPAC warrant before any positive announcement from the SPAC companies. en_CA
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dc.description.provenance Made available in DSpace on 2022-08-18T13:27:01Z (GMT). No. of bitstreams: 1 Lim_Zhen_MASTERS_2022.pdf: 1707704 bytes, checksum: f721db1fdb96c72616122c07abb24874 (MD5) Previous issue date: 2022-07-18 en
dc.language.iso en en_CA
dc.publisher Halifax, N.S. : Saint Mary's University
dc.subject.lcsh Insider trading in securities
dc.subject.lcsh Going public (Securities)
dc.subject.lcsh Stocks -- Rate of return
dc.title Abnormal returns from insider trades on special purpose acquisition company’s (SPAC’s) warrants en_CA
dc.type Text en_CA
thesis.degree.name Master of Finance
thesis.degree.level Masters
thesis.degree.discipline Finance, Information Systems, & Management Science
thesis.degree.grantor Saint Mary's University (Halifax, N.S.)
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