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Appropriation Economics versus Managers’ Ethics

Author

Listed:
  • Piotr Masiukiewicz

    (Warsaw School of Economics, Poland)

Abstract

Appropriation economics shows mechanisms of taking over companies, independent earnings, and extraneous assets. It can be stated that capital is appropriated by the small groups of individuals who are grasping, lacking ethics and tied to politicians. It is a process that is constantly present in the global economy. In this paper theoretical and practical aspects of these phenomena have been presented, deploying case study method. Appropriation economics constitutes a significant strand of both theory and praxis. It explains creation of social inequalities, payment of unreasonably high bonuses in leading financial and industrial corporations. A social movement to stand up against such practices in business and strong response of public authorities are necessary.

Suggested Citation

  • Piotr Masiukiewicz, 2018. "Appropriation Economics versus Managers’ Ethics," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 7(3), pages 147-153, September.
    • Handle: RePEc:ods:journl:v:7:y:2018:i:3:p:147-153
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    References listed on IDEAS

    as
    1. Piotr Masiukiewicz, 2017. "Morality of Debt Repayment in the Light of Current Research," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 6(3), pages 175-185, September.
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    More about this item

    Keywords

    bankruptcy; business; ethics; manager; appropriation economics; social inequalities;
    All these keywords.

    JEL classification:

    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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