Effectuation theory application in evaluating distressed ventures

This dataset is for a study conducted to better understand the application of effectuation theory when evaluating a distressed venture opportunity (DVO). The data presents answers to four main research questions. The dataset presents the principles of effectuation relevant to the DVO and the application of the elements based on the perceptions of the participants and the moderators concerned. In addition, the dataset presents answers to what informs the choice for the three solution choices namely; reorganisation/better return than in liquidation (BriL)/Liquidation and lastly, the principles of effectuation and their relationship with reasonable prospect when evaluating a DVO. A qualitative study was conducted and in total, the study had 20 participants from the Gauteng province via the purposive and snowball sampling methods. Within the group of 15 business rescue practitioners (BRPs), there were 10 turnaround professionals and five BRPs from a liquidation and legal background. Additionally, five business rescue trainees were interviewed and the data were collected through semi-structured interviews.