Abstract:

The basic reason for the functioning of enterprises is the maximization of benefits by achieving positive financial results with the minimum possible involvement of the enterprise's capital. The aim of the study is to analyze changes in the structure of capital groups resulting from the processes of mergers and acquisitions. Their value was adopted as the selection key for the analyzed transactions, focusing on the highest volumes. The research period was established for nine consecutive years covering the period from 2012 to 2020. The study contains a classification analysis of mergers and acquisitions and a separate set of key motives underlying them. The article uses research methods such as analysis and criticism of the literature, analysis of financial documents (financial statements of the studied sample), preparation and compilation of data in tables and their presentation in charts, as well as the interpretation of the obtained results, both in comparative and descriptive terms.