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Payment Bottlenecks as a Crisis Factor in European Enterprises: A Case of Poland

Author

Listed:
  • Dec, P.

    (Warsaw School of Economics, Poland)

  • Masiukiewicz, P.

    (Warsaw School of Economics, Poland)

Abstract

The paper concerns the complex and extremely timely issue of payment bottlenecks in the economy. Thus, the phenomenon whose scale has intensified especially in recent years, among others due to the financial crisis. The occurrence of payment bottlenecks is a very serious signal that there is already a crisis in each economic entity. The authors focused on analysing the situation of enterprises in Poland in terms of delays in payments for services rendered or products sold. It was useful in research because it indicated that even in a highly economical country, which records ever-growing economic indicators, payment bottlenecks are a big problem. The scale of the problem and the lack of its solution may, in the long term, be inconvenient to reverse this period of prosperity. Therefore, the authors analysed the scale of this phenomenon in the article, the main factors associated with it, including the types of causes and risks. An important issue was the critical analysis of imperfections of procedures and regulations in this area and an indication of how much governments should do in this matter. The authors have also developed a proprietary model for detecting payment jams, which could limit the scale of this phenomenon and its potential negative consequences.

Suggested Citation

  • Dec, P. & Masiukiewicz, P., 2019. "Payment Bottlenecks as a Crisis Factor in European Enterprises: A Case of Poland," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 8(2), pages 78-87, May.
    • Handle: RePEc:ods:journl:v:8:y:2019:i:2:p:78-87
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    References listed on IDEAS

    as
    1. Mohsen Lashgari & Ata Taleizadeh & Abbas Ahmadi, 2016. "Partial up-stream advanced payment and partial down-stream delayed payment in a three-level supply chain," Annals of Operations Research, Springer, vol. 238(1), pages 329-354, March.
    2. Ziyi Li & Xiaosong Zheng, 2017. "A Critical Study of Commercial Banks' Credit Risk Assessment and Management for SMEs: The Case of Agricultural Bank of China," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 6(2), pages 106-117, May.
    3. Piotr Masiukiewicz, 2016. "Payments in Business, European Payment Index," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 5(3), pages 166-173, August.
    4. Anatoliy G. Goncharuk, 2016. "Banking Sector Challenges in Research," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 5(1), pages 34-39, February.
    5. Mohsen Lashgari & Ata Allah Taleizadeh & Abbas Ahmadi, 2016. "Partial up-stream advanced payment and partial down-stream delayed payment in a three-level supply chain," Annals of Operations Research, Springer, vol. 238(1), pages 329-354, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    payment delays; receivables; crisis; bankruptcy; payment gridlocks;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation

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