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Appropriation Economics versus Managers’ Ethics

Piotr Masiukiewicz
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Piotr Masiukiewicz: Warsaw School of Economics, Poland

Journal of Applied Management and Investments, 2018, vol. 7, issue 3, 147-153

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.

Keywords: bankruptcy; business; ethics; manager; appropriation economics; social inequalities (search for similar items in EconPapers)
JEL-codes: G33 D63 M14 (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:ods:journl:v:7:y:2018:i:3:p:147-153