Why are SPACs missing their revenue and earnings targets?

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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