Do Personal Cost, Cultural Norms and Whistle Blower Policy Influence Employees’ Whistleblowing Decision: A Study in a Financial Institution

Abstract

This study examines the factors influencing whistle blowing decision among employees in one financial institution in Malaysia. Specifically, this study examines three factors namely, personal cost, cultural norms and whistle blowing policy. Using questionnaire survey on employees of a financial institution, this study shows that personal cost and whistle blowing policy influence the employees' decision to whistle blow. On the other hand, cultural norm is not a significant influence to employees' decision to whistle blow. The findings of this study can assist the financial institutions to enrich both whistleblowing culture and policy in promoting transparent and unclouded structure and communication. In addition, the findings in this study provides an addition to the existing literature on the factors that can influence employees' decision to whistle blow.

Factors influencing whistleblowing intentions among government officials: A Malaysian study

“…Whistleblowing is seen as an important tool to combat corruption and promote good governance, accountability, and openness in both the public and commercial sectors in Malaysia. It is an integral part of Corporate Integrity Systems that enhance the positive accountability outcomes of not-for-profit organisations (Badawi, Muhammad, Ghani, & Azis, 2022). The Whistleblower Protection Act of 2010 serves as a guide and legal protection for those who tell the truth and protects them from harmful consequences.…”