Promptness of Payments for Goods and Services Supplied among Polish Enterprises Compared to European Union Countries
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Magdalena Mulawa: Maria Curie-Sklodowska University, Poland
Providing long – term payments deadlines to customers is now one of the most relevant and inherent element of contemporary business activity. It generates benefits to both companies (supplier that grant a credit) and trading partners (customers, users of trade credit). From the supplier point of view it is an excellent tool for increasing sales. On the other hand, in the interests of client, it is very flexible source of financing business operations. Granting of trade credits contributes to higher trade receivables (on the side of suppliers) and thus creates an increased level of credit risk (late payment or non – payment). The results of researches shows that delays of payments are not marginal phenomena and therefore constitute the main threats to the operation of companies both in Poland and across Europe. The article presents the current situation of the promptness of payments among Polish enterprises compared to European Union countries. The main aim of this paper is the verification of the hypothesis that Polish payment practices do not deviate significantly from the another European countries in 2016.
Keywords: trade receivables; trade credit; promptness of payments; late payments (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:tkp:mklp17:57-63
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