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Why and how healthy enterprises invest in distressed companies? Theoretical background of motivation and market statistics of distressed investments on global M&A market

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  • Mateusz Mikutowski

    (Poznań University of Economics and Business, Poland)

Abstract

The utilisation of opportunities by enterprises as the main factor in their development has been the subject of many researchers’ deliberations in recent years. In the author’s perspective, the processes of mergers and acquisitions, in particular, related to investments in distressed assets are a very clear reflection of the strategy of entrepreneurial opportunities utilisation in both passive and creationist approaches. In this paper, the author tries to identify areas where the theory of entrepreneurial opportunities as a part of management studies are reflected in mergers and acquisitions operations. By applying distressed asset investments to the theory of entrepreneurial opportunities, a more in-depth understanding of the motivation of enterprises to make mergers and acquisitions is possible. Additionally, by referring to market practice and empirical research, the author intends to present arguments that allow combining the elements of the leading theories concerning management through opportunities, and this type of investment is a crucial part of modern company management strategy.

Suggested Citation

  • Mateusz Mikutowski, 2018. "Why and how healthy enterprises invest in distressed companies? Theoretical background of motivation and market statistics of distressed investments on global M&A market," Research Papers in Economics and Finance, Poznań University of Economics and Business, vol. 3(2), pages 17-26, August.
    • Handle: RePEc:jbl:ref000:v:3:y:2018:i:2:id:71
    DOI: 10.18559/ref.2018.2.2
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    References listed on IDEAS

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    1. Sander Wennekers & André Stel & Roy Thurik & Paul Reynolds, 2008. "Nascent entrepreneurship and the level of economic development," Small Business Economics, Springer, vol. 30(3), pages 325-325, March.
    2. Philipp Koellinger, 2008. "Why are some entrepreneurs more innovative than others?," Small Business Economics, Springer, vol. 31(1), pages 21-37, June.
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