Voon, Mung Ling and Voon, Sze Ling and Puah, Chin-Hong (2008): An empirical analysis of the determinants of corporate crime in Malaysia. Published in: Applied Economics and Management Letters , Vol. 1, No. 1 (2008): pp. 13-17.
Download (52kB) | Preview
Corporate crime is not new in Malaysia. Each year the cases reported have increased dramatically. The phenomenon will undermine the confidence of both existing and potential investors. In this study, we aim to investigate the determinants of corporate crime activities in organizations, in order to minimize the occurrence of fraud. A survey involving existing and potential investors was undertaken. The findings indicate that the corporate crime determinants ranked by most of the respondents are insufficient controls, followed by personal financial pressure and expensive lifestyle. To minimize the occurrence of corporate crime activities in the organizations, the management team should impose tighter control over internal operations.
|Item Type:||MPRA Paper|
|Original Title:||An empirical analysis of the determinants of 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:||27. Mar 2012 13:02|
|Last Modified:||21. Feb 2013 14:28|
Australian Institute of Criminology & PricewaterhouseCoopers. (2003). Serious Fraud in Australia and New Zealand. Research and Public Policy Series No 48. Canberra: Australian Institute of Criminology.
Baucus, M. S., & 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(1), 129-151.
Blaszczynski, A., & McConaghy, N. (1994). Criminal Offences in Gamblers Anonymous and Hospital-treated Pathological Gamblers. Journal of Gambling Studies, 10(2), 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., & Sakurai, Y. (2005) Gender and Serious Fraud in Australia and New Zealand. Trends & Issues in Crime and Criminal Justice No. 292. Canberra: Australian Institute of Criminology.
KPMG (2001). KPMG Fraud Survey 2000 Report. KPMG: Kuala Lumpur, Malaysia.
KPMG (2005). KPMG Fraud Survey 2004 Report. KPMG: Kuala Lumpur, Malaysia.
Malaysian Approved Standards on Auditing (2001). AI 240 Fraud and Error. Kuala Lumpur: Malaysian Institute of Accountants.
Palshikar, G. K. (2002, May 28). The Hidden Truth. Intelligent Enterprise Magazine, 5(9), 46-51.
PricewaterhouseCoopers (2005). Global Economic Crime Survey 2005. PricewaterhouseCoopers: New York, USA.
Seetharaman, A., Senthilvelmurugam, M., & Periyanayagam, R. (2004). Anatomy of Computer Accounting Frauds. Managerial Auditing Journal, 19(8), 1055-1072.
Smith, M., Omar, N. H., Idris, S. I. Z. S., & Baharuddin, I. (2005). Auditors' Perception of Fraud Risk Indicators. Managerial Auditing Journal, 20(1), 73-85.
Szwajkowski, E. (1985). Organizational Illegality: Theoretical Integration and Illustrative Application. Academy of Management Journal, 10, 558-567.