ror.org/04xhy8q59
Résumés
Abstract
European legislation has so far failed to alleviate late payment. We introduce the concept of organizational routine; this contributes to understanding late payment and its persistence and focuses on more effective ways of alleviating it. The case study between a large Spanish company and its Spanish SME suppliers gives an exemplary illustration of organizational (trade credit) routines and their dynamics in a two-sided business relationship. The large company’s imbalanced routine and the SMEs’ balanced routine explain late payment. Potential for change and the alleviation of late payment is to be found in routines’ internal dynamics and in participants’ understanding.
Keywords:
- Spain,
- late payment,
- case study,
- SME,
- organizational routine,
- trade credit routine,
- organizational phenomenon
Résumé
La législation européenne n’a pas réduit significativement les retards de paiement. Nous introduisons le concept de routine organisationnelle pour comprendre les retards de paiement et leur persistance et nous focaliser sur leur réduction. L’étude de cas d’une grande entreprise et de ses fournisseurs espagnols illustre les routines organisationnelles (du crédit inter-entreprises) et leurs dynamiques dans la relation. Le déséquilibre de la routine de la grande entreprise et l’équilibre de celle des PME expliquent les retards de paiement. Le potentiel de réduction des retards de paiement est à rechercher dans la dynamique interne des routines et la compréhension des participants.
Mots-clés :
- Espagne,
- retards de paiement,
- étude de cas,
- PME,
- routine organisationnelle,
- routine du crédit inter-entreprises,
- phénomène organisationnel
Resumen
La legislación europea no ha logrado disminuir los plazos atrasados. Introducimos el concepto de rutina organizacional para comprender los retrasos de pago y su persistencia, y nos focalizamos en su reducción. El estudio de caso entre una gran empresa española y sus proveedoras PYMES se ilustra con rutinas organizacionales (del crédito comercial) y su dinámica en relaciones comerciales bilaterales. La rutina desequilibrada de la gran empresa y la rutina equilibrada de las PYMEs explican el retraso en el pago. El potencial reductor del retraso de pagos está en la dinámica interna de las rutinas y la comprensión de los participantes.
Palabras clave:
- España,
- pago atrasado,
- estudio de caso,
- PYME,
- rutina organizacional,
- rutina de crédito comercial,
- fenómeno organizacional
Parties annexes
Bibliography
- Atradius (2016). Payment Practices Barometer-The Americas. Available at https://atradius.fr (accessed 2 October 2016).
- Bertels S; Howard-Grenville J (2016). “Cultural Molding, Shielding, and Shoring at Oilco: The Role of Culture in the Integration of Routines”. Organization Science, published online, p. 573-593.
- Bilotta C (2013). “Ending the Commercial Siesta: The shortcomings of European Union Directive 2011/7 on Combating Late Payments in Commercial Transactions”. Brooklyn Journal of International Law, vol. 38, n°2, p. 699-727.
- Bucher S; Langley A (2016). “The Interplay of Reflective and Experimental Spaces in Interrupting and Reorienting Routines Dynamics”. Organization Science, vol. 27, n°3, p. 594-613.
- Collerette P. (2004). “Etudes de cas (méthode des)”, In A Mucchielli, Armand Collin (eds), Dictionnaire des méthodes qualitatives en sciences humaines (2nd Ed.). Paris, France: Armand Colin.
- Dittrich K; Guérard S; Seidl D (2016). “Talking About Routines: The Role of Reflective Talk in Routine Change”. Organization Science, published online, p. 678-697.
- Edmonds T (2014). “Late payments of debts”. Standard Note nºSN/BT/6640. Available at www.parliament.uk (accessed 26 March 2014).
- Ekanem I (2005). “Bootstrapping: the investment decision-making process in small firms”. The British Accounting Review, vol. 37, p. 299-318.
- European Commission Report (2016) to the European Parliament and the Council on the implementation of Directive 2011/7/EU of the European Parliament and of the Council on combating late payment in commercial transactions, Brussels, 26.8.2016.
- Fabbri D; Klapper LF (2009). “Trade credit and supply chain”. World Bank Working Paper, Amsterdam University, Netherland, July. Available at http://dare.uva.nl (accessed 7 April 2014).
- ElMundo, “¿Por qué los autónomos y las pymes están indefensos ante la morosidad?”, 18/10/2015.
- Feldman MS; Pentland BT (2003). “Reconceptualizing Organizational Routines as a Source of Flexibility and Change”. Administrative Science Quarterly, vol. 48, n°1, p. 94-118.
- Feldman MS (2000). “Organizational Routines as a Source of Continuous Change”. Organization Science, vol. 11, n°6, p. 611-629.
- Garcia-Appendini E; Montoriol-Garriga J (2013). “Firms as liquidity providers: Evidence from the 2007–2008 financial crisis”. Journal of Financial Economics, vol. 109, n°1, p. 272-291.
- Habib J; Krohmer C (2016). “Balanced or unbalanced routines: the case of two routines dynamics in a French hospital”. Journal of Organizational Change Management, vol. 29, n°4, p. 508–528.
- Howard-Grenville J.; Langley A., Rerup C.; Tsoukas H. (2016). Introduction chapter in Organizational Routines, How they are Created, Maintained and Changed. NY: Oxford University Press, 267 p.
- Howorth C; Wilson N (1998). “Late payment and the small firm: an examination of case studies”. Journal of small Business and Enterprise Development, vol. 5, n°4, p. 307-315.
- Intrum Justitia (2012, 2014, 2016). European Index Payment 2012, 2014, 2016. Available at www.intrum.com (accessed 18 October 2016).
- Jarvis R; Curran J; Kitching J; Lightfoot G (2000). “The use of quantitative and qualitative criteria in the measurement of performance in small firms”. Journal of Small Business and Enterprise Development, vol. 7, n°2, p. 123-134.
- Johnson S; McMillan J; Woodruff C (2002). “Courts and relational contracts”, Journal of Law, Economics and Organization, vol. 18, n°1, p. 221-277.
- JordaodeCarvalho C (2015), “Conditioning Factors of Late Payment of Trade Credit”, Brazilian Business Review, Special Issues Vitoria-ES, p. 72-91.
- Matthews C (2013). Trade Credit Management within Small Professional Firms: Practice, Agency and Structure. Thesis for the degree of Doctor of Philosophy, University of Brighton, 552 p.
- Mazzarol T; Reboud S; Clark D (2015). “The financial management practices of small to medium enterprises”, 28th Annual SEAANZ Conference, Melbourne, Australia.
- Paillé P; Mucchielli A (2003). L’analyse qualitative en sciences humaines et sociales. Paris: Armand Collin, 417 p.
- Parmigiani A; Howard-Grenville J (2011). “Routines revisited: Exploring the capabilities and practice perspectives”. The Academy of Management Annals, vol. 5, n°1, p. 413-453.
- Patton MQ (2002). Qualitative Research and Evaluation Methods. Thousand Oaks, CA: Sage, 127 p.
- Paul SY; Devi SS; Teh CG (2012). ). “Impact of late payment on firms’ profitability: Empirical evidence from Malaysia”, Pacific-Basin Finance Journal, vol. 20, p. 777-792.
- Paul SY; Boden R (2014). Trade Credit: A Literature Review. Research Report, British Business Bank, London. Available at www.british-business-bank.co.uk (accessed 27 September 2014).
- Paul SY; Boden R (2012). Getting paid: Lessons for and from SMEs. Report, ACCA funded project, London. Available at www.accaglobal.org.uk (accessed 10 April 2014).
- Paul SY; Boden R (2011). “Size matters: the late payment problem”. Journal of Small Business and Enterprise Development, vol.18, n°4, p. 732-747.
- Peel MJ; Wilson N (1996). “Working capital and financial management practices in the small firm sector”. International Small Business Journal, vol. 14, n°2, p. 52-68.
- Peel MJ; Wilson N; Howorth C (2000). “Late payment and credit management in the small firm sector: some empirical evidence”. International Small Business Journal, vol. 18, n°2, p. 17-37.
- Pentland BT; Feldman MS (2005). “Organizational routines as a unit of analysis”. Industrial and Corporate Change, vol. 14, n°5, p. 793-815.
- Perren L; Grant P (2000). “The evolution of management accounting routines in small businesses: a social construction perspective”. Management Accounting Research, vol. 11, p. 391-411.
- Ryle G (1949). The Concept of Mind. London: Hutchinson House, 377 p.
- Stene E (1940). “An approach to the science of administration”. American Political Science Review, vol. 34, n°6, p. 1124-1137.
- St-Pierre, J.; Fadil, N. (2016). Finance entrepreneuriale et réalité des PME: une enquête internationale sur les connaissances et les pratiques académiques des chercheurs. Management international, 20(2), 52-68.
- Summers B; Wilson N (2000). “Trade credit management and the decision to use factoring: an empirical study”. Journal of Business, Finance & Accounting, vol. 27, n°1/2, p. 37-68.
- Wilson N (2008). An Investigation into Payment Trends and Behaviour in the UK: 1997-2007 Report, CMRC Centre Leeds University Business School, Leeds, UK, February. Available at http://www.cmrc.co.uk (accessed 10 April 2014).
- Yin RK (2003). Case Study Research: Design and Methods, 3rd edition, California, Sage, 181 p.
10.7202/1046562ar