IDEAS home Printed from https://ideas.repec.org/h/zbw/entr15/183643.html
   My bibliography  Save this book chapter

Impact of Management Ethics on Payment Discipline

In: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Kotor, Montengero, 10-11 September 2015

Author

Listed:
  • Šalomon, Tanja
  • Meško, Maja

Abstract

A company's ethics is one of the key factors of its effectiveness. Having poor business ethics usually lead to the lack of payment discipline. The main purpose of the study was to identify the possible impact of management ethics on the financial discipline of companies. The study involved 273 Slovenian public and private companies, which represented 9.1% of all companies invited to take part in the survey. The data on management ethics were collected using the Corporate Ethical Virtues measurement instrument questionnaire and the data concerning average late payments were obtained from the database of the Slovenian rating agency “I d.o.o.”. Statistical analysis was carried out using SPSS 20.0 for Windows. We conducted a factor analysis and a regression analysis using the stepwise method. We found that management ethics has a positive impact on payment discipline. At the end of the article, we give suggestions for improvement of payment discipline.

Suggested Citation

  • Šalomon, Tanja & Meško, Maja, 2015. "Impact of Management Ethics on Payment Discipline," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2015), Kotor, Montengero, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Kotor, Montengero, 10-11 September 2015, pages 151-158, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
    • Handle: RePEc:zbw:entr15:183643
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/183643/1/21-ENT-2015-Salamon-et-al-pp-151-158.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Justin Yifu Lin & Will Martin, 2010. "The financial crisis and its impacts on global agriculture," Agricultural Economics, International Association of Agricultural Economists, vol. 41(s1), pages 133-144, November.
    2. Kathy Dean & Jeri Beggs & Timothy Keane, 2010. "Mid-level Managers, Organizational Context, and (Un)ethical Encounters," Journal of Business Ethics, Springer, vol. 97(1), pages 51-69, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Katsushi S. Imai & Raghav Gaiha & Ganesh Thapa & Samuel Kobina Annim, 2013. "Financial Crisis In Asia: Its Genesis, Severity And Impact On Poverty And Hunger," Journal of International Development, John Wiley & Sons, Ltd., vol. 25(8), pages 1105-1116, November.
    2. Elena Igorevna Kudriavtseva, 0. "The Influence of Middle Managers on the Strategy of the Company: Dynamic Approach," Administrative Consulting, Russian Presidential Academy of National Economy and Public Administration. North-West Institute of Management., issue 5.
    3. Sebastian Goebel & Barbara Weißenberger, 2016. "The Dark Side of Tight Financial Control: Causes and Remedies of Dysfunctional Employee Behaviors," Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 17(1), pages 69-101, April.
    4. Derek Headey & Sangeetha Malaiyandi & Shenggen Fan, 2010. "Navigating the perfect storm: reflections on the food, energy, and financial crises," Agricultural Economics, International Association of Agricultural Economists, vol. 41(s1), pages 217-228, November.
    5. Wana, Chayoot & Andreosso-O'Callaghan, Bernadette, 2017. "Global Financial and Food Price Crisis: A Double Shock on ASEAN Food Security," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 14(1), June.
    6. Minna-Maaria Hiekkataipale & Anna-Maija Lämsä, 2019. "(A)moral Agents in Organisations? The Significance of Ethical Organisation Culture for Middle Managers’ Exercise of Moral Agency in Ethical Problems," Journal of Business Ethics, Springer, vol. 155(1), pages 147-161, March.
    7. Carole L. Jurkiewicz & Robert A. Giacalone, 2016. "Organizational Determinants of Ethical Dysfunctionality," Journal of Business Ethics, Springer, vol. 136(1), pages 1-12, June.
    8. Yaya Koloma & Francis H. Kemeze, 2022. "COVID‐19 and perceived effects on agricultural financing in Africa: Evidence and policy implications," African Development Review, African Development Bank, vol. 34(S1), pages 63-79, July.
    9. Tabea Franziska Hirth-Goebel & Barbara E. Weißenberger, 2019. "Management accountants and ethical dilemmas: How to promote ethical intention?," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 30(3), pages 287-322, October.
    10. Canova, Natalia P. & Hickey, Gordon M., 2012. "Understanding the impacts of the 2007–08 Global Financial Crisis on sustainable forest management in the Brazilian Amazon: A case study," Ecological Economics, Elsevier, vol. 83(C), pages 19-31.
    11. Minna-Maaria Hiekkataipale & Anna-Maija Lämsä, 2017. "What Should a Manager Like Me Do in a Situation Like This? Strategies for Handling Ethical Problems from the Viewpoint of the Logic of Appropriateness," Journal of Business Ethics, Springer, vol. 145(3), pages 457-479, October.
    12. J. Kuntz & J. Kuntz & Detelin Elenkov & Anna Nabirukhina, 2013. "Characterizing Ethical Cases: A Cross-Cultural Investigation of Individual Differences, Organisational Climate, and Leadership on Ethical Decision-Making," Journal of Business Ethics, Springer, vol. 113(2), pages 317-331, March.
    13. Teng, Paul & Montesclaros, Jose Ma Luis, 2023. "Agricultural Transformation for Small (Island and Developing) States," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 20(1), June.

    More about this item

    Keywords

    payment discipline; late payments; ethic; management ethics; Slovene companies;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:entr15:183643. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://www.entrenova.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.