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Full-Text Articles in Econometrics
An Alternative Perspective On Special Purpose Acquisition Companies (Spacs): Underpricing In The “No Target" Phase, Anna G. Constantine
An Alternative Perspective On Special Purpose Acquisition Companies (Spacs): Underpricing In The “No Target" Phase, Anna G. Constantine
Honors Projects
Special Purpose Acquisition Companies marked a restructuring of the often-fraudulent 1980s blank check company, an entity gathering funds to merge or acquire another business entity. Based on the Special Purpose Acquisition Company structure, “the stock price should be greater than or equal to the pro-rata trust value, discounted from the SPAC’s expiration date, at all times prior to the shareholder vote date.” In this study, I research the “no target” phase of the Special Purpose Acquisition Company’s lifecycle to evaluate whether there is a difference between their trust value and their market capitalization. Based on previous research, we know that …
Hot Boy Summer? Analyzing Managerial Reactions To Season-Long Fluctuating Player Performance In Major League Baseball, John Rodgers Hood
Hot Boy Summer? Analyzing Managerial Reactions To Season-Long Fluctuating Player Performance In Major League Baseball, John Rodgers Hood
Honors Projects
This paper suggests numerical weights that a Major League Baseball (MLB) manager may use when comparing player performance across multiple past performance periods to predict future performance. By the end of the MLB regular season, current season performance becomes more predictive than prior season performance for pitchers but not hitters. After estimating weights for different past time periods of performance, this paper compares the weights with how managers value performance in high-stakes situations across these same time periods. I find that MLB managers overreact to recent performance by both hitters and pitchers in postseason settings.