Puah, Chin-Hong and Voon, Sze-Ling and Entebang, Harry (2008): Factors stimulating corporate crime in Malaysia.
Download (63Kb) | Preview
Building on the perception of both existing and potential investors in Kuching, Sarawak, this study aims to identify the factors that appear to stimulate corporate crime activity in organizations. A survey was carried out by distributing questionnaires to both types of investors selected on randomly basis. The findings reveal that corporate crime activities are mostly due to inadequate cash security practices, inadequate supervision as well as a lack of internal auditing. To minimize the effects of corporate crime on investors and organizations, managers should pay extra attention to these factors. On the other hand, future research within the context of corporate crime may consider the extent to which organizational crime can affect the shareholder value creation of organizations.
|Item Type:||MPRA Paper|
|Original Title:||Factors stimulating corporate crime in Malaysia|
|Keywords:||Corporate Crime; Internal Control|
|Subjects:||K - Law and Economics > K2 - Regulation and Business Law > K20 - General
K - Law and Economics > K4 - Legal Procedure, the Legal System, and Illegal Behavior > K42 - Illegal Behavior and the Enforcement of Law
|Depositing User:||Chin-Hong Puah|
|Date Deposited:||26. Jun 2009 10:58|
|Last Modified:||14. Feb 2013 06:49|
Agro, D. (1978) White Collar Crime: We Cannot Afford It! Government Accountants Journal, 28, 53-57.
Albrecht, W.S. and Romney, M.B. (1980) Deterring White-Collar Crime in Banks, The Bankers Magazine, 163, 60.
Australian Institute of Criminology and PricewaterhouseCoopers. (2003) Serious Fraud in Australia and New Zealand. Research and Public Policy Series, No. 48, Australian Institute of Criminology, Canberra.
Baucus, M.S. and Baucus, D.A. (1997) Paying the Piper: An Empirical Examination of Longer-Term Financial Consequences of Illegal Corporate Behavior, The Academy of Management Journal, 40, 129-151.
Blaszczynski, A. and McConaghy, N. (1994) Criminal Offences in Gamblers Anonymous and Hospital-treated Pathological Gamblers, Journal of Gambling Studies, 10, 99-127.
Clarence, Y.K.N. (2005) White-Collar Crime is on the Rise in Malaysia, with Perpetrators Becoming More Sophisticated. Are Our Laws Sufficient Deterrents? AsiaViews, Edition: 07/II/Feb/2005.
Crofts, P. (2002) Gambling and Criminal Behaviour: An Analysis of Local and District Court Files. Sydney: Casino Community Benefit Fund.
Goldstraw, J., Smith, R.G. and Sakurai, Y. (2005) Gender and Serious Fraud in Australia and New Zealand. Trends and Issues in Crime and Criminal Justice, No. 292, Australian Institute of Criminology, Canberra.
Jerry, W.L., Mark, I.H. and Jack, D.B. (2003) A Fuzzy Neural Network for Assessing the Risk of Fraudulent Financial Reporting, Managerial Auditing Journal, 18, 657-665.
KPMG. (2001) KPMG Fraud Survey 2000 Report. Kuala Lumpur: KPMG.
KPMG. (2005) KPMG Fraud Survey 2004 Report. Kuala Lumpur: KPMG.
Krosnick, J.A., Holbrook, A.L., Berent, M.K., Carson, R.T., Hanemann, W.M., Kopp, R.J., Mitchell, R.C., Presser, S., Ruud, P.A., Smith, V.K., Moody, W.R., Green, M.C. and Conaway, M. (2002) The Impact of "No Opinion" Response Options on Data Quality, Public Opinion Quarterly, 63, 371-403.
PricewaterhouseCoopers. (2003) Economic Crime Survey 2003. Warsaw: PricewaterhouseCoopers.
PricewaterhouseCoopers. (2005) Global Economic Crime Survey 2005. New York: PricewaterhouseCoopers.
Rao, S.M. (1996) The Effect of Published Reports of Environmental Pollution on Stock Prices, Journal of Financial and Strategic Decisions, 9, 25-32.
Rao, S.M. (1997) The Effect of Announcement of Bribery, Scandal, White Collar Crime, and Illegal Payment on Returns to Shareholders, Journal of Financial and Strategic Decisions, 10, 55-62.
Romney, M.B., Albrecht, W.S. and Cherrington, D.J. (1980) Red-Flagging the White Collar Criminal, Management Accounting, 61, 51.
Schnatterly, K. (2003) Increasing Firm Value through Detection and Prevention of White-Collar Crime, Strategic Management Journal, 24, 587-614.
Seetharaman, A., Senthilvelmurugam, M. and Periyanayagam, R. (2004) Anatomy of Computer Accounting Frauds, Managerial Auditing Journal, 19, 1055-1072.
Szwajkowski, E. (1985) Organizational Illegality: Theoretical Integration and Illustrative Application, Academy of Management Journal, 10, 558-567.
Voon, S.L., Puah, C.H. and Harry, E. (2008) Corporate Crime Announcement Effects on Stock Performance: An Empirical Study in Malaysia. Journal of Economic Cooperation among Islamic Countries, 29(2), 15-28.