{"id":"https://openalex.org/W4386000607","doi":"https://doi.org/10.1111/eufm.12453","title":"Green SPACs","display_name":"Green SPACs","publication_year":2023,"publication_date":"2023-08-16","ids":{"openalex":"https://openalex.org/W4386000607","doi":"https://doi.org/10.1111/eufm.12453"},"language":"en","primary_location":{"id":"doi:10.1111/eufm.12453","doi":"https://doi.org/10.1111/eufm.12453","is_oa":true,"landing_page_url":"https://doi.org/10.1111/eufm.12453","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/eufm.12453","source":{"id":"https://openalex.org/S131852005","display_name":"European Financial Management","issn_l":"1354-7798","issn":["1354-7798","1468-036X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Financial Management","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/eufm.12453","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5080767491","display_name":"Nebojsa Dimic","orcid":"https://orcid.org/0000-0002-0560-5071","observed_orcids":["https://orcid.org/0000-0002-0560-5071"]},"institutions":[{"id":"https://openalex.org/I79765343","display_name":"University of Vaasa","ror":"https://ror.org/03769b225","country_code":"FI","type":"education","lineage":["https://openalex.org/I79765343"]}],"countries":["FI"],"is_corresponding":false,"raw_author_name":"Nebojsa Dimic","raw_affiliation_strings":["Finance Division, School of Accounting and Finance, University of Vaasa, Vaasa, Finland"],"raw_orcid":"https://orcid.org/0000-0002-0560-5071","affiliations":[{"raw_affiliation_string":"Finance Division, School of Accounting and Finance, University of Vaasa, Vaasa, Finland","institution_ids":["https://openalex.org/I79765343"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5025970919","display_name":"John W. Goodell","orcid":"https://orcid.org/0000-0003-4126-9244","observed_orcids":["https://orcid.org/0000-0003-4126-9244"]},"institutions":[{"id":"https://openalex.org/I110152177","display_name":"University of Akron","ror":"https://ror.org/02kyckx55","country_code":"US","type":"education","lineage":["https://openalex.org/I110152177"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"John W. Goodell","raw_affiliation_strings":["College of Business, Department of Finance, The University of Akron, Akron, USA"],"raw_orcid":"https://orcid.org/0000-0003-4126-9244","affiliations":[{"raw_affiliation_string":"College of Business, Department of Finance, The University of Akron, Akron, USA","institution_ids":["https://openalex.org/I110152177"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5062643690","display_name":"Vanja Piljak","orcid":"https://orcid.org/0000-0002-2066-5208","observed_orcids":["https://orcid.org/0000-0002-2066-5208"]},"institutions":[{"id":"https://openalex.org/I79765343","display_name":"University of Vaasa","ror":"https://ror.org/03769b225","country_code":"FI","type":"education","lineage":["https://openalex.org/I79765343"]}],"countries":["FI"],"is_corresponding":false,"raw_author_name":"Vanja Piljak","raw_affiliation_strings":["Finance Division, School of Accounting and Finance, University of Vaasa, Vaasa, Finland"],"raw_orcid":"https://orcid.org/0000-0002-2066-5208","affiliations":[{"raw_affiliation_string":"Finance Division, School of Accounting and Finance, University of Vaasa, Vaasa, Finland","institution_ids":["https://openalex.org/I79765343"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5055676520","display_name":"Milo\u0161 Vulanovi\u0107","orcid":"https://orcid.org/0000-0001-6628-9300","observed_orcids":["https://orcid.org/0000-0001-6628-9300"]},"institutions":[{"id":"https://openalex.org/I90326151","display_name":"Ecole des Hautes Etudes Commerciales du Nord","ror":"https://ror.org/05q7a8a02","country_code":"FR","type":"education","lineage":["https://openalex.org/I90326151"]}],"countries":["FR"],"is_corresponding":true,"raw_author_name":"Milos Vulanovic","raw_affiliation_strings":["Department of Data Science, Economics and Finance, EDHEC Business School, Roubaix, France"],"raw_orcid":"https://orcid.org/0000-0001-6628-9300","affiliations":[{"raw_affiliation_string":"Department of Data Science, Economics and Finance, EDHEC Business School, Roubaix, France","institution_ids":["https://openalex.org/I90326151"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5055676520"],"corresponding_institution_ids":["https://openalex.org/I90326151"],"apc_list":{"value":3040,"currency":"USD","value_usd":3040},"apc_paid":null,"fwci":2.5,"has_fulltext":true,"cited_by_count":15,"citation_normalized_percentile":{"value":0.90467409,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":99},"biblio":{"volume":"30","issue":"2","first_page":"770","last_page":"799"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11903","display_name":"Private Equity and Venture Capital","score":0.6288999915122986,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11903","display_name":"Private Equity and Venture Capital","score":0.6288999915122986,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.2838999927043915,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.06129999831318855,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/special-purpose-acquisition-companies","display_name":"special purpose acquisition companies","score":0.8659999966621399},{"id":"https://openalex.org/keywords/initial-public-offerings","display_name":"initial public offerings","score":0.8159999847412109},{"id":"https://openalex.org/keywords/merger-announcement-returns","display_name":"merger announcement returns","score":0.6909999847412109},{"id":"https://openalex.org/keywords/ceo-characteristics","display_name":"CEO characteristics","score":0.8999999761581421}],"concepts":[{"id":"https://openalex.org/C12559387","wikidata":"https://www.wikidata.org/wiki/Q185142","display_name":"Initial public offering","level":2,"score":0.9519261121749878},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.545992374420166},{"id":"https://openalex.org/C12958728","wikidata":"https://www.wikidata.org/wiki/Q1002530","display_name":"Event study","level":3,"score":0.45385369658470154},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4319824278354645},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3640691637992859},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.2572804093360901},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.09749951958656311},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1111/eufm.12453","doi":"https://doi.org/10.1111/eufm.12453","is_oa":true,"landing_page_url":"https://doi.org/10.1111/eufm.12453","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/eufm.12453","source":{"id":"https://openalex.org/S131852005","display_name":"European Financial Management","issn_l":"1354-7798","issn":["1354-7798","1468-036X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Financial Management","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.4343929","doi":"https://doi.org/10.2139/ssrn.4343929","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.4343929","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"}],"best_oa_location":{"id":"doi:10.1111/eufm.12453","doi":"https://doi.org/10.1111/eufm.12453","is_oa":true,"landing_page_url":"https://doi.org/10.1111/eufm.12453","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/eufm.12453","source":{"id":"https://openalex.org/S131852005","display_name":"European Financial Management","issn_l":"1354-7798","issn":["1354-7798","1468-036X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Financial Management","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[{"id":"https://openalex.org/G594504703","display_name":null,"funder_award_id":"2021\u20100025A","funder_id":"https://openalex.org/F4320313137","funder_display_name":"Suomen P\u00f6rssis\u00e4\u00e4ti\u00f6"}],"funders":[{"id":"https://openalex.org/F4320313137","display_name":"Suomen P\u00f6rssis\u00e4\u00e4ti\u00f6","ror":"https://ror.org/055ke3q88"}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4386000607.pdf","grobid_xml":"https://content.openalex.org/works/W4386000607.grobid-xml"},"referenced_works_count":89,"referenced_works":["https://openalex.org/W271311690","https://openalex.org/W1540226445","https://openalex.org/W1588907421","https://openalex.org/W1938896038","https://openalex.org/W1976032418","https://openalex.org/W1976822092","https://openalex.org/W1998081331","https://openalex.org/W2011262525","https://openalex.org/W2014943915","https://openalex.org/W2021243670","https://openalex.org/W2024567311","https://openalex.org/W2034306329","https://openalex.org/W2047735993","https://openalex.org/W2059841502","https://openalex.org/W2071511656","https://openalex.org/W2073049866","https://openalex.org/W2073928172","https://openalex.org/W2088763344","https://openalex.org/W2090440085","https://openalex.org/W2106903191","https://openalex.org/W2131766425","https://openalex.org/W2134253449","https://openalex.org/W2159380703","https://openalex.org/W2163226127","https://openalex.org/W2165512766","https://openalex.org/W2165612260","https://openalex.org/W2168970594","https://openalex.org/W2170079706","https://openalex.org/W2281444718","https://openalex.org/W2317625827","https://openalex.org/W2407064033","https://openalex.org/W2478390809","https://openalex.org/W2484204915","https://openalex.org/W2602376258","https://openalex.org/W2743550664","https://openalex.org/W2782352742","https://openalex.org/W2794546839","https://openalex.org/W2796627709","https://openalex.org/W2797280242","https://openalex.org/W2883797369","https://openalex.org/W2899635880","https://openalex.org/W2905488820","https://openalex.org/W2915125472","https://openalex.org/W2948688309","https://openalex.org/W2965108112","https://openalex.org/W2969219829","https://openalex.org/W2996233037","https://openalex.org/W3048537087","https://openalex.org/W3118644948","https://openalex.org/W3121264298","https://openalex.org/W3121353771","https://openalex.org/W3121521941","https://openalex.org/W3121762279","https://openalex.org/W3122061554","https://openalex.org/W3122389328","https://openalex.org/W3122501357","https://openalex.org/W3122773924","https://openalex.org/W3123021163","https://openalex.org/W3123122402","https://openalex.org/W3123443189","https://openalex.org/W3123876242","https://openalex.org/W3124001333","https://openalex.org/W3124384052","https://openalex.org/W3128871793","https://openalex.org/W3128873853","https://openalex.org/W3129182553","https://openalex.org/W3133464028","https://openalex.org/W3179161337","https://openalex.org/W3189373747","https://openalex.org/W3210464677","https://openalex.org/W3212787358","https://openalex.org/W3217540008","https://openalex.org/W4213241919","https://openalex.org/W4224289560","https://openalex.org/W4226055321","https://openalex.org/W4233229154","https://openalex.org/W4234319459","https://openalex.org/W4280514553","https://openalex.org/W4285106677","https://openalex.org/W4290960126","https://openalex.org/W4294883928","https://openalex.org/W4312118455","https://openalex.org/W4312511534","https://openalex.org/W4313596561","https://openalex.org/W4323066776","https://openalex.org/W4389396947","https://openalex.org/W4413333492","https://openalex.org/W6842894940","https://openalex.org/W7213345231"],"related_works":["https://openalex.org/W55616524","https://openalex.org/W7052928074","https://openalex.org/W4411725293","https://openalex.org/W4252909648","https://openalex.org/W4323066776","https://openalex.org/W4315480345","https://openalex.org/W3208108803","https://openalex.org/W4224289560","https://openalex.org/W7015296866","https://openalex.org/W4412385825"],"abstract_inverted_index":{"Abstract":[0],"We":[1,16],"examine":[2],"the":[3,66,79,83,91],"structural":[4],"characteristics":[5],"of":[6,22,30,52,56,69],"special":[7],"purpose":[8],"acquisition":[9],"companies":[10],"(SPACs)":[11],"focused":[12],"on":[13,48],"green":[14],"causes.":[15],"explain":[17],"their":[18,36],"ecosystem,":[19],"primary":[20],"determinants":[21],"initial":[23],"public":[24],"offering":[25],"(IPO)":[26],"size,":[27],"and":[28,33,41,54,101],"speed":[29,60],"going":[31],"public,":[32],"we":[34],"calculate":[35],"returns":[37,77,87],"around":[38,82],"merger":[39,84,92],"announcements":[40],"subsequent":[42],"acquisition.":[43],"Green":[44,72],"SPAC":[45],"size":[46],"depends":[47],"CEO":[49],"characteristics,":[50],"choice":[51],"exchange":[53],"specialisation":[55],"respective":[57,67],"stakeholders.":[58],"The":[59],"to":[61,65,99],"IPO":[62],"is":[63],"related":[64],"concentration":[68],"legal":[70],"counsel.":[71],"SPACs":[73],"exhibit":[74],"cumulative":[75],"market\u2010adjusted":[76],"in":[78],"range":[80],"6%\u201312%":[81],"announcement.":[85],"Merger":[86],"are":[88],"positive":[89],"at":[90],"date":[93],"but":[94],"quickly":[95],"become":[96],"negative":[97],"(\u22121%":[98],"\u22129%)":[100],"decline":[102],"further":[103],"with":[104],"time.":[105]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":7},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":1}],"updated_date":"2026-11-09T13:22:03.289127","created_date":"2023-08-20T00:00:00"}
