University at Buffalo News Center
Official news and information from UB, New York's flagship university
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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