Published February 28, 2022
The Wall Street Journal interviewed Michael Dambra, associate professor of accounting and law in the School of Management, for a story about how special purpose acquisition companies (SPACs) are missing their revenue and earnings targets. Dambra’s recent research found a correlation between ambitious forecasts and poor stock performance for SPACs. “The more aggressive your revenue is, the more likely you are to underperform,” he said.
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