Communication under Uncertainty and the Role of Founders’ Information Advantage: Evidence from SPAC IPOs

The authors thank Professors Andrew Shipilov, Vikas Aggarwal, Chris Rider, Henrich Greve, and Brent Goldfarb for their feedback on earlier versions of this paper. The authors appreciate the feedback received at the 2021 Academy of Management Conference and from seminar participants at INSEAD, the University of Michigan, New York University, and IÉSEG School of Management. The paper was awarded the Ghoshal Best Paper Award by the Strategic Management Division at the 2021 Academy of Management Annual Online Conference in Boston, and an abbreviated version has been published in the Best Paper Proceedings.