The Impact of Ethical Work Climate on the Payment Discipline of Companies
The Impact of Ethical Work Climate on the Payment Discipline of Companies

Summary/Abstract: Often, payments in commercial transactions between businesses are carried out much later than agreed (Directive 2011/7/ EU, 2011). These late payments are a key problem, not only in Slovenia, but also at the European level. If one wants to improve payment discipline, it is first necessary to investigate its causes. All research in the field of payment discipline has focused either on the scale of the phenomenon and its trends or on the examination of financial reasons behind late payments. However, the authors of this study have been interested in whether company ethics affect a company’s payment discipline. The purpose of the research was to explore the relationship between a company’s ethical work climate and its payment discipline. Ethical work climate refers to the moral atmosphere of the work environment and the level of ethics practiced within a company. Quantitative analysis was performed within several Slovenian companies with 10 or more employees, and ethical climate was analysed by means of a questionnaire. Random sampling was used, and answers from 205 companies were obtained. The data on payment discipline of the companies was obtained from the company I d.o.o. The authors used the following statistical methodologies: exploratory factor analysis, correlation coefficients, multiple linear regression and multiple logistic regression. The results show that certain types of ethical work climate (caring and rules) influence whether a company is late on payments or not.

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