Foreign versus domestic SPACs in the US Market
比较了在美国上市的外国与国内特殊目的收购公司（SPAC），发现外国SPAC在IPO和私募融资中筹资金额更低，赎回率更高，表明其因在美国市场网络有限而面临竞争劣势。
Abstract This study compares domestic and foreign special purpose acquisition companies (SPACs) listed in the US market. Compared with domestic SPACs, we find that foreign SPACs raise lower proceeds from initial public offerings and private investments in public equity funding. Additionally, redemption rates of foreign SPACs are higher than those of domestic SPACs. Our findings suggest that foreign SPACs face a competitive disadvantage due to their limited networks in the US market.