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Morality of Debt Repayment in the Light of Current Research

Piotr Masiukiewicz
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Piotr Masiukiewicz: Warsaw School of Economics, Poland

Journal of Applied Management and Investments, 2017, vol. 6, issue 3, 175-185

Abstract: Level of morality of debt repayment is diverse across different member states of the European Union. The level of debt repayment in Polish enterprises has become a burning problem. Therefore both economic and moral aspects have been analyzed in this paper. Polish economy is characterized by high results in the indexes of late debt repayments in enterprises and households. Simultaneously, studies of attitudes (intentions) to timely debt repayment show a quite high level of ethics of Polish entrepreneurs. As a result, discrepancy between both phenomena is observable. Not repaying one’s debt is highly reprehensible as regards ethics. Considerable economic and social costs are consequences of a low level of payments morality. Creating national coalitions for reliability in business is advisable.

Keywords: payments morality; repayment deadline; tax arrears; debt management (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:ods:journl:v:6:y:2017:i:3:p:175-185