Pub Date : 2023-07-28DOI: 10.1108/jfc-04-2023-0080
Eley Suzana Kasim, Noor Rohin Binti Awalludin, N. Zainal, Allezawati Ismail, Nurul Huda Ahmad Shukri
Purpose This study aims to investigate the effects of financial literacy, financial behaviour and financial stress on awareness of investment scams among retirees. Design/methodology/approach Using a questionnaire survey, data was distributed to 200 retirees. A total of 53 responses were obtained. The data was subsequently analysed using PLS-SEM version 3 software. Findings Findings indicated that while financial literacy has a significant influence on awareness, there is no conclusive evidence to support the relationship between financial behaviour and financial stress on awareness. These results highlighted the critical need to strengthen financial literacy among retirees as a prevention mechanism for them to avoid from being scammed. Research limitations/implications The finding from this study is relevant to regulators and law enforcement agencies to aid potential and actual retirees by educating them on the danger of investment scams. Originality/value As there are relatively few studies conducted on investment scams specifically among retirees, this study extends the investment scam literature by examining the underlying factors that affect their awareness towards the fraudulent activities.
{"title":"The effect of financial literacy, financial behaviour and financial stress on awareness of investment scams among retirees","authors":"Eley Suzana Kasim, Noor Rohin Binti Awalludin, N. Zainal, Allezawati Ismail, Nurul Huda Ahmad Shukri","doi":"10.1108/jfc-04-2023-0080","DOIUrl":"https://doi.org/10.1108/jfc-04-2023-0080","url":null,"abstract":"\u0000Purpose\u0000This study aims to investigate the effects of financial literacy, financial behaviour and financial stress on awareness of investment scams among retirees.\u0000\u0000\u0000Design/methodology/approach\u0000Using a questionnaire survey, data was distributed to 200 retirees. A total of 53 responses were obtained. The data was subsequently analysed using PLS-SEM version 3 software.\u0000\u0000\u0000Findings\u0000Findings indicated that while financial literacy has a significant influence on awareness, there is no conclusive evidence to support the relationship between financial behaviour and financial stress on awareness. These results highlighted the critical need to strengthen financial literacy among retirees as a prevention mechanism for them to avoid from being scammed.\u0000\u0000\u0000Research limitations/implications\u0000The finding from this study is relevant to regulators and law enforcement agencies to aid potential and actual retirees by educating them on the danger of investment scams.\u0000\u0000\u0000Originality/value\u0000As there are relatively few studies conducted on investment scams specifically among retirees, this study extends the investment scam literature by examining the underlying factors that affect their awareness towards the fraudulent activities.\u0000","PeriodicalId":38940,"journal":{"name":"Journal of Financial Crime","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49668215","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-28DOI: 10.1108/jfc-04-2023-0078
J. Asomah, E. Dim, Yiyan Li, Hongming Cheng
Purpose Corruption perception is essential to study because it can shape people’s attitudes toward the government. Thus, the purpose of this paper is to address this key question: what factors are associated with a non-expert’s judgment of whether Canada is corrupt? Design/methodology/approach This study uses the World Value Survey conducted in Canada in October 2020. This survey is based on a nationally representative sample of a cross-section of adult Canadian residents, including Canadian citizens and permanent residents and those who are neither Canadian citizens nor permanent residents. Findings Based on this study, some conclusions can be made. First, people accessing corruption news from the traditional news media are less likely than those receiving information from the new media to perceive the state (in this case, Canada) as corrupt. Second, people who have less confidence in public institutions are more likely to perceive a country as corrupt. Third, people who participate in electoral and non-electoral forms of political participation are more likely to perceive the state and its public officials as corrupt. Fourth, regardless of which political party is in power, individuals who lean right politically are more likely than those on the left to perceive the state as corrupt. Finally, immigrants are less likely than those born in Canada to perceive the state as corrupt. This work enriches the literature on the substantive understanding of the factors associated with corruption perception. Originality/value Studies investigating factors associated with public perception of corruption tend to focus on developing countries. The current study contributes to filling this gap in knowledge by examining correlates of corruption perception in Canada. As a result, this study contributes to the literature on factors associated with corruption perception, especially in the developed country context.
{"title":"What factors are associated with public corruption perception? Evidence from Canada","authors":"J. Asomah, E. Dim, Yiyan Li, Hongming Cheng","doi":"10.1108/jfc-04-2023-0078","DOIUrl":"https://doi.org/10.1108/jfc-04-2023-0078","url":null,"abstract":"\u0000Purpose\u0000Corruption perception is essential to study because it can shape people’s attitudes toward the government. Thus, the purpose of this paper is to address this key question: what factors are associated with a non-expert’s judgment of whether Canada is corrupt?\u0000\u0000\u0000Design/methodology/approach\u0000This study uses the World Value Survey conducted in Canada in October 2020. This survey is based on a nationally representative sample of a cross-section of adult Canadian residents, including Canadian citizens and permanent residents and those who are neither Canadian citizens nor permanent residents.\u0000\u0000\u0000Findings\u0000Based on this study, some conclusions can be made. First, people accessing corruption news from the traditional news media are less likely than those receiving information from the new media to perceive the state (in this case, Canada) as corrupt. Second, people who have less confidence in public institutions are more likely to perceive a country as corrupt. Third, people who participate in electoral and non-electoral forms of political participation are more likely to perceive the state and its public officials as corrupt. Fourth, regardless of which political party is in power, individuals who lean right politically are more likely than those on the left to perceive the state as corrupt. Finally, immigrants are less likely than those born in Canada to perceive the state as corrupt. This work enriches the literature on the substantive understanding of the factors associated with corruption perception.\u0000\u0000\u0000Originality/value\u0000Studies investigating factors associated with public perception of corruption tend to focus on developing countries. The current study contributes to filling this gap in knowledge by examining correlates of corruption perception in Canada. As a result, this study contributes to the literature on factors associated with corruption perception, especially in the developed country context.\u0000","PeriodicalId":38940,"journal":{"name":"Journal of Financial Crime","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43465577","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-26DOI: 10.1108/jfc-05-2023-0122
Ibrahim Abdulhamid Danlami
Purpose This study aims to intend to investigate the dynamic causality and asymmetric relationships between corruption and economic growth of Nigeria. Design/methodology/approach Toda–Yamamoto (TY) Dynamic Causality Test and Non-linear Autoregressive Distributed Lag Model (NARDL) were used for the estimations, for the period 1984–2018. Findings The result reveals the existence of bidirectional causality between control of corruption and economic growth, Similarly, in both the short run and long run, corruption can affect economic growth and economic growth can as well affects corruption. Research limitations/implications Findings of the research are limited to Nigeria whose data were used, based on TY causality test and NARDL as the econometrics techniques applied, for a period 1984–2018. Practical implications For a meaningful progress to be recorded in Nigeria in terms of economic growth, the country must device some means for strengthen the control of corruption. Originality/value The study was able to prove empirically, the existence of not only causality between corruption and economic growth but also asymmetric effect of corruption on economic growth and that of economic growth on corruption in both the long run and short run, as against the previous studies that are lopsided on the effect of corruption on economic growth only.
{"title":"Corruption and economic growth in Nigeria: dynamic causality and asymmetric relationships","authors":"Ibrahim Abdulhamid Danlami","doi":"10.1108/jfc-05-2023-0122","DOIUrl":"https://doi.org/10.1108/jfc-05-2023-0122","url":null,"abstract":"\u0000Purpose\u0000This study aims to intend to investigate the dynamic causality and asymmetric relationships between corruption and economic growth of Nigeria.\u0000\u0000\u0000Design/methodology/approach\u0000Toda–Yamamoto (TY) Dynamic Causality Test and Non-linear Autoregressive Distributed Lag Model (NARDL) were used for the estimations, for the period 1984–2018.\u0000\u0000\u0000Findings\u0000The result reveals the existence of bidirectional causality between control of corruption and economic growth, Similarly, in both the short run and long run, corruption can affect economic growth and economic growth can as well affects corruption.\u0000\u0000\u0000Research limitations/implications\u0000Findings of the research are limited to Nigeria whose data were used, based on TY causality test and NARDL as the econometrics techniques applied, for a period 1984–2018.\u0000\u0000\u0000Practical implications\u0000For a meaningful progress to be recorded in Nigeria in terms of economic growth, the country must device some means for strengthen the control of corruption.\u0000\u0000\u0000Originality/value\u0000The study was able to prove empirically, the existence of not only causality between corruption and economic growth but also asymmetric effect of corruption on economic growth and that of economic growth on corruption in both the long run and short run, as against the previous studies that are lopsided on the effect of corruption on economic growth only.\u0000","PeriodicalId":38940,"journal":{"name":"Journal of Financial Crime","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44044868","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-24DOI: 10.1108/jfc-03-2023-0068
J. Sallaberry, Lauren Dal Bem Venturini, Isabel Martínez-Conesa, L. Flach
Purpose This study aims to analyze the relationship between the personal responsibility, the intrinsic knowledge of the norms and the knowledge of signs of money laundering of accountants. Design/methodology/approach The research was developed with responses from 381 Brazilian accounting professionals through a survey, statistically analyzed using structural equations. Findings The results indicate that personal responsibility directly affects the levels of intrinsic knowledge and knowledge about signs of money laundering; however, the different dimensions of knowledge were not related to each other. Practical implications From these results, organizations can clarify the individual about their responsibility, optimizing the use of training and mitigating costs, with greater sustainability and security for the organization, employees and business partners. Social implications The results contribute to the construction and modeling of latent constructs on money laundering knowledge, with validity, reliability and statistical significance. Originality/value This research discusses and empirically explores the knowledge about money laundering of the accountants’, one of the main explanatory factors of whistleblowing in business.
{"title":"Personal responsibility and knowledge about money laundering: a study with Brazilian accountants","authors":"J. Sallaberry, Lauren Dal Bem Venturini, Isabel Martínez-Conesa, L. Flach","doi":"10.1108/jfc-03-2023-0068","DOIUrl":"https://doi.org/10.1108/jfc-03-2023-0068","url":null,"abstract":"\u0000Purpose\u0000This study aims to analyze the relationship between the personal responsibility, the intrinsic knowledge of the norms and the knowledge of signs of money laundering of accountants.\u0000\u0000\u0000Design/methodology/approach\u0000The research was developed with responses from 381 Brazilian accounting professionals through a survey, statistically analyzed using structural equations.\u0000\u0000\u0000Findings\u0000The results indicate that personal responsibility directly affects the levels of intrinsic knowledge and knowledge about signs of money laundering; however, the different dimensions of knowledge were not related to each other.\u0000\u0000\u0000Practical implications\u0000From these results, organizations can clarify the individual about their responsibility, optimizing the use of training and mitigating costs, with greater sustainability and security for the organization, employees and business partners.\u0000\u0000\u0000Social implications\u0000The results contribute to the construction and modeling of latent constructs on money laundering knowledge, with validity, reliability and statistical significance.\u0000\u0000\u0000Originality/value\u0000This research discusses and empirically explores the knowledge about money laundering of the accountants’, one of the main explanatory factors of whistleblowing in business.\u0000","PeriodicalId":38940,"journal":{"name":"Journal of Financial Crime","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43334538","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-20DOI: 10.1108/jfc-05-2023-0121
G. Owusu, Theodora Aba Abekah Koomson, G. Donkor
Purpose This paper aims to review corporate fraud, as a concept, and the emerging research trends in corporate fraud research from 1957 to 2022 using bibliometric analysis techniques. Design/methodology/approach A total of 7,750 publications from the Scopus database were first assessed using performance analysis to explore the descriptive nature of the bibliographic data, and subsequently, citation, co-citation, co-occurrence and bibliographic coupling analyses were conducted using the VOSviewer software. Findings The results indicate there has been increasing growth in fraud research over the years, especially since the global corporate scandals of 2008. Although fraud is a global issue, the results suggest that most extant studies originate from developed economies, with a high level of collaboration amongst scholars in these countries. In addition, the co-occurrence analysis indicates that research into corporate fraud has largely focused on its determinants and corruption. The determinants identified are further clustered in the paper as individual, organizational and national-level factors. Practical implications The findings should inform practitioners and policymakers of the state of knowledge on corporate fraud which could be useful in developing strategies and policies to mitigate its occurrence. Social implications The study points to the need for research collaborations among scholars in developing economies to increase investigations into the occurrences of fraud. Originality/value To the best of the authors’ knowledge, this is the first study to holistically assess the intellectual structure of corporate fraud studies from its inception and the trends over time.
{"title":"A scientometric analysis of the structure and trends in corporate fraud research: a 66-year review","authors":"G. Owusu, Theodora Aba Abekah Koomson, G. Donkor","doi":"10.1108/jfc-05-2023-0121","DOIUrl":"https://doi.org/10.1108/jfc-05-2023-0121","url":null,"abstract":"\u0000Purpose\u0000This paper aims to review corporate fraud, as a concept, and the emerging research trends in corporate fraud research from 1957 to 2022 using bibliometric analysis techniques.\u0000\u0000\u0000Design/methodology/approach\u0000A total of 7,750 publications from the Scopus database were first assessed using performance analysis to explore the descriptive nature of the bibliographic data, and subsequently, citation, co-citation, co-occurrence and bibliographic coupling analyses were conducted using the VOSviewer software.\u0000\u0000\u0000Findings\u0000The results indicate there has been increasing growth in fraud research over the years, especially since the global corporate scandals of 2008. Although fraud is a global issue, the results suggest that most extant studies originate from developed economies, with a high level of collaboration amongst scholars in these countries. In addition, the co-occurrence analysis indicates that research into corporate fraud has largely focused on its determinants and corruption. The determinants identified are further clustered in the paper as individual, organizational and national-level factors.\u0000\u0000\u0000Practical implications\u0000The findings should inform practitioners and policymakers of the state of knowledge on corporate fraud which could be useful in developing strategies and policies to mitigate its occurrence.\u0000\u0000\u0000Social implications\u0000The study points to the need for research collaborations among scholars in developing economies to increase investigations into the occurrences of fraud.\u0000\u0000\u0000Originality/value\u0000To the best of the authors’ knowledge, this is the first study to holistically assess the intellectual structure of corporate fraud studies from its inception and the trends over time.\u0000","PeriodicalId":38940,"journal":{"name":"Journal of Financial Crime","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46169058","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-12DOI: 10.1108/jfc-04-2023-0077
Maryam Kamaei, S. Abolhasani, Naghmeh Farhood
Purpose The purpose of this research is to analyze the role of gender in the commission of white collar crimes and investigate it in five countries: Norway, Portugal, America, India and Iran. Design/methodology/approach Descriptive analytical method is used in this article. Findings A total of five observations were examined about the rank and percentage of women's participation in white-collar crimes, namely, from Norway (rank 3, 7%), USA (rank 26, 5%), Portugal (29th rank, 13%), India (rank 135, 11%) and Iran (rank 143, 5%). As is visually obvious, there seems to be no relationship between the level of gender equality and the percentage of women involved in white-collar crimes. However, according to Hobbs, in most research, the issue of gender and its effect on the occurrence of white-collar crimes have not been addressed, but by using the limited statistics and limited information available, it can be concluded that a small number of women have committed this crime. According to global crime reports, only 15 out of 200 prosecutions for white-collar crimes involve women. Originality/value To the best of the authors’ knowledge, this article is original and has been submitted only to this journal and has not been submitted to another journal at the same time.
{"title":"A comparative analysis of the role of gender in the commission of white-collar crimes: a review in Norway, America, Portugal, India and Iran","authors":"Maryam Kamaei, S. Abolhasani, Naghmeh Farhood","doi":"10.1108/jfc-04-2023-0077","DOIUrl":"https://doi.org/10.1108/jfc-04-2023-0077","url":null,"abstract":"\u0000Purpose\u0000The purpose of this research is to analyze the role of gender in the commission of white collar crimes and investigate it in five countries: Norway, Portugal, America, India and Iran.\u0000\u0000\u0000Design/methodology/approach\u0000Descriptive analytical method is used in this article.\u0000\u0000\u0000Findings\u0000A total of five observations were examined about the rank and percentage of women's participation in white-collar crimes, namely, from Norway (rank 3, 7%), USA (rank 26, 5%), Portugal (29th rank, 13%), India (rank 135, 11%) and Iran (rank 143, 5%). As is visually obvious, there seems to be no relationship between the level of gender equality and the percentage of women involved in white-collar crimes. However, according to Hobbs, in most research, the issue of gender and its effect on the occurrence of white-collar crimes have not been addressed, but by using the limited statistics and limited information available, it can be concluded that a small number of women have committed this crime. According to global crime reports, only 15 out of 200 prosecutions for white-collar crimes involve women.\u0000\u0000\u0000Originality/value\u0000To the best of the authors’ knowledge, this article is original and has been submitted only to this journal and has not been submitted to another journal at the same time.\u0000","PeriodicalId":38940,"journal":{"name":"Journal of Financial Crime","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49333942","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-07DOI: 10.1108/jfc-11-2022-0287
Haitham Nobanee, A. Alodat, Reem Bajodah, Maryam Al-Ali, Alyazia Al Darmaki
Purpose This study aims to assess the research developments and works pertaining to cybersecurity risks. Design/methodology/approach A bibliometric analysis of 749 studies on cybersecurity risks published between 1999 and 2021 was conducted using Scopus and the VOSviewer software. Findings This study reveals various findings, including the most influential authors and the top countries, journals, papers, funding institutions and affiliations publishing research on cybersecurity risks. The bibliometric analysis shows that the existing studies have affected the knowledge of the consequences of cybersecurity risks. However, some research gaps still exist in this field. Originality/value This study’s contribution is that it presents a comprehensive evaluation of the research on cybercrime and cybersecurity risks. Moreover, to the best of the authors’ knowledge, bibliometric analysis has not been conducted on cybersecurity risks. This study’s findings are likely to prove useful to practitioners and academics in mitigating the consequences of cybercrime and cybersecurity risks.
{"title":"Bibliometric analysis of cybercrime and cybersecurity risks literature","authors":"Haitham Nobanee, A. Alodat, Reem Bajodah, Maryam Al-Ali, Alyazia Al Darmaki","doi":"10.1108/jfc-11-2022-0287","DOIUrl":"https://doi.org/10.1108/jfc-11-2022-0287","url":null,"abstract":"\u0000Purpose\u0000This study aims to assess the research developments and works pertaining to cybersecurity risks.\u0000\u0000\u0000Design/methodology/approach\u0000A bibliometric analysis of 749 studies on cybersecurity risks published between 1999 and 2021 was conducted using Scopus and the VOSviewer software.\u0000\u0000\u0000Findings\u0000This study reveals various findings, including the most influential authors and the top countries, journals, papers, funding institutions and affiliations publishing research on cybersecurity risks. The bibliometric analysis shows that the existing studies have affected the knowledge of the consequences of cybersecurity risks. However, some research gaps still exist in this field.\u0000\u0000\u0000Originality/value\u0000This study’s contribution is that it presents a comprehensive evaluation of the research on cybercrime and cybersecurity risks. Moreover, to the best of the authors’ knowledge, bibliometric analysis has not been conducted on cybersecurity risks. This study’s findings are likely to prove useful to practitioners and academics in mitigating the consequences of cybercrime and cybersecurity risks.\u0000","PeriodicalId":38940,"journal":{"name":"Journal of Financial Crime","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42532479","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-07DOI: 10.1108/jfc-05-2023-0119
J. K. Amoh, Abdallah Abdul-Mumuni, Randolph Nsor-Ambala, Elvis Aaron Amenyitor
Purpose Most emerging economies have made conscious efforts through policy initiatives to attract foreign direct investment (FDI). However, a significant obstacle to FDI inflow has been the prevalence of corruption in the host country. This study, therefore, aims to examine whether there is an optimum corruption value that results in threshold effects of corruption on FDI. Design/methodology/approach To achieve this objective, this study used Hansen’s (1999) panel threshold regression (PTR) model by using a panel data of 30 sub-Saharan African (SSA) countries from 2000 to 2021. Findings This study finds that the nexus between corruption and FDI has a single threshold effect, with a 5.37% optimum corruption threshold value. At this threshold value, corruption affects FDI negatively. Any corruption value that is below the threshold value also elicits a negative corruption–FDI relationship. Despite having a negative relationship when the corruption value is above the optimum corruption threshold, it is not statistically significant. Research limitations/implications The implication of the results is that it is deleterious to use corrupt practices to draw FDI to SSA nations. Originality/value To the best of the authors’ knowledge, this study is one of the first in the corruption–FDI nexus literature to use Hansen’s PTR model to estimate an optimal corruption threshold. The authors recommend that policymakers in the selected SSA countries reconsider the use of corruption to attract FDI because there is an optimal corruption threshold that could impact FDI in the host country.
{"title":"The corruption-foreign direct investment nexus in sub-Saharan Africa. Fresh evidence from a panel threshold regression approach","authors":"J. K. Amoh, Abdallah Abdul-Mumuni, Randolph Nsor-Ambala, Elvis Aaron Amenyitor","doi":"10.1108/jfc-05-2023-0119","DOIUrl":"https://doi.org/10.1108/jfc-05-2023-0119","url":null,"abstract":"\u0000Purpose\u0000Most emerging economies have made conscious efforts through policy initiatives to attract foreign direct investment (FDI). However, a significant obstacle to FDI inflow has been the prevalence of corruption in the host country. This study, therefore, aims to examine whether there is an optimum corruption value that results in threshold effects of corruption on FDI.\u0000\u0000\u0000Design/methodology/approach\u0000To achieve this objective, this study used Hansen’s (1999) panel threshold regression (PTR) model by using a panel data of 30 sub-Saharan African (SSA) countries from 2000 to 2021.\u0000\u0000\u0000Findings\u0000This study finds that the nexus between corruption and FDI has a single threshold effect, with a 5.37% optimum corruption threshold value. At this threshold value, corruption affects FDI negatively. Any corruption value that is below the threshold value also elicits a negative corruption–FDI relationship. Despite having a negative relationship when the corruption value is above the optimum corruption threshold, it is not statistically significant.\u0000\u0000\u0000Research limitations/implications\u0000The implication of the results is that it is deleterious to use corrupt practices to draw FDI to SSA nations.\u0000\u0000\u0000Originality/value\u0000To the best of the authors’ knowledge, this study is one of the first in the corruption–FDI nexus literature to use Hansen’s PTR model to estimate an optimal corruption threshold. The authors recommend that policymakers in the selected SSA countries reconsider the use of corruption to attract FDI because there is an optimal corruption threshold that could impact FDI in the host country.\u0000","PeriodicalId":38940,"journal":{"name":"Journal of Financial Crime","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45649674","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-07DOI: 10.1108/jfc-02-2023-0028
E. du Toit
Purpose According to the Association of Certified Fraud Examiners, financial statement fraud represents the smallest amount of fraud cases but results in the greatest monetary loss. The researcher previously investigated the characteristics of financial statement fraud and determined the presence of 16 fraud indicators. The purpose of this study is to establish whether investors and other stakeholders can detect and identify financial statement fraud using these characteristics in an analysis of a company’s annual report. Design/methodology/approach This study analyses a financial statement fraud case, using the same techniques that were previously applied, including horizontal, vertical and ratio analysis. These are preferred because stakeholders have relatively easy access to them. Findings The findings show several fraud characteristics, with a few additional ones not previously found prevalent. Financial statement fraud thus tends to differ between cases. It is also easier to detect and identify fraud indicators ex post facto. Originality/value This study is a practical case showing that financial statement fraud can be detected and identified in the financial statements of companies that commit fraud.
{"title":"The red flags of financial statement fraud: a case study","authors":"E. du Toit","doi":"10.1108/jfc-02-2023-0028","DOIUrl":"https://doi.org/10.1108/jfc-02-2023-0028","url":null,"abstract":"\u0000Purpose\u0000According to the Association of Certified Fraud Examiners, financial statement fraud represents the smallest amount of fraud cases but results in the greatest monetary loss. The researcher previously investigated the characteristics of financial statement fraud and determined the presence of 16 fraud indicators. The purpose of this study is to establish whether investors and other stakeholders can detect and identify financial statement fraud using these characteristics in an analysis of a company’s annual report.\u0000\u0000\u0000Design/methodology/approach\u0000This study analyses a financial statement fraud case, using the same techniques that were previously applied, including horizontal, vertical and ratio analysis. These are preferred because stakeholders have relatively easy access to them.\u0000\u0000\u0000Findings\u0000The findings show several fraud characteristics, with a few additional ones not previously found prevalent. Financial statement fraud thus tends to differ between cases. It is also easier to detect and identify fraud indicators ex post facto.\u0000\u0000\u0000Originality/value\u0000This study is a practical case showing that financial statement fraud can be detected and identified in the financial statements of companies that commit fraud.\u0000","PeriodicalId":38940,"journal":{"name":"Journal of Financial Crime","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47387735","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-06DOI: 10.1108/jfc-05-2023-0106
J. J. Nortje, D. Myburgh
Purpose The purpose of this paper is to identify and discuss impediments in the compilation of an application for a search and seizure warrant for digital evidence and the structure of such a warrant in South African criminal cases. Design/methodology/approach This paper provides a brief overview of international and local impediments, followed by a detailed discussion of the implications of these impediments and how it is approached in various jurisdictions. The methodology of this paper consists of a literature review. Findings Addressing the impediments in the compilation of the application and the warrant will be beneficial for forensic investigators, the South African Police Service (SAPS) and the administration of justice in South Africa. Research limitations/implications Search and seizures for digital evidence form part of civil, regulatory and criminal search and seizures. This study focuses on the search and seizure of digital evidence in criminal matters pursuant to mainly the provisions of the Criminal Procedure Act 51 of 1977 and the Cybercrimes Act 19 of 2020. Originality/value The originality of this paper lies in the approach to the drafting of applications for search and seizure warrants for digital information in South Africa. The contribution of the study is that, by using this approach, the SAPS can address the impediments during the application and compilation of the warrants, which would enhance the quality of investigations and contribute to the successful investigation and prosecution of crime in South Africa.
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