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U-M Research Tempers Optimistic Projections for Special Purpose Acquisition Companies, or SPACs

May 9, 2022

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Read time:

<5 mins
Business Success Bridge
Presented by Michigan News

Greg Miller, Michigan Ross Ernst and Young professor of accounting, chair of accounting, and co-author of a new study discusses research regarding financial projections and special purpose acquisition companies (SPACs). Miller notes to be cautious concerning these forecasts provided by SPACs as they are very long-term, sometimes overly optimistic and aggressive. The faculty expert further highlights findings from the research and what it means for investors.

 

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