Fraud recovery and the quality of country governance

Curti, Filippo; Mihov, Atanas

doi:10.1016/j.jbankfin.2017.11.009

Cited by 32 publications

(15 citation statements)

References 40 publications

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“…With a high sense of ownership, all employees have a high sense of responsibility so that the incidence of fraud committed by employees and management of the company will lower the chances of it happening. Research related to governance conducted by Curti and Mihov (2018) stated that governance has a significant effect on fraud prevention. The better the application of governance, the lower the chance of fraud.…”

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confidence: 99%

Early Warning Fraud Determinants in Banking Industries

Utami

Nugroho

Mappanyuki

et al. 2020

Asian Economic and Financial Review

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This study examined the effect of information technology governance, internal control, and organizational culture of early prevention of potential fraud based on the perception of bank employees. The population was all the Indonesia Stock Exchange listed banks. The sampling method used a combination method, namely random sampling for bank selection and convenience sampling of survey respondents. The number of sample banks that responded was 14 banks, and the number of respondents was 72 people. We measured the variables with a Likert scale and used partial least square (PLS) for the data analysis. The results proved that internal control and organizational culture had a significant positive effect on early warning for fraud. Information technology governance had a positive, but not significant impact on early warning for fraud. Therefore, the banking industry, which has highly regulated business activities has implemented adequate internal control and organizational culture as an effective early warning for fraud. Despite the application of IT in the banking industry in Indonesia it has not been massive, so the influence of IT governance on early warning of fraud was not significant. Contribution/ Originality:This research provided empirical evidence about how information technology governance, internal control, and organizational culture can be useful tools in early warning of fraud in banking companies in Indonesia and can be beneficial for banking companies in other countries. BACKGROUNDThe national financial industry, especially banking, is currently overshadowed by acts of crime that manipulate information intending to earn profits (fraud) committed by internal and external parties. According to the FICO-Fair Isaac Corporation (2019) there are several issues surrounding fraud in the Asia Pacific (APAC) banks that include: 74 percent of Asia Pacific (APAC) banks surveyed believe that cases of fraud in their state will increase moderately or significantly in the future. More than 50 percent of APAC banks' continue to block cards on the first fraud alert. Only 6 percent will keep the card open while trying to confirm fraud with the customer. Overall fraud losses remain the leading indicator for 80 percent of fraud departments at APAC banks.

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confidence: 99%

Early Warning Fraud Determinants in Banking Industries

Utami

Nugroho

Mappanyuki

et al. 2020

Asian Economic and Financial Review

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“…They classified country governance into six dimensions: voice of accountability, control of corruption, political stability and absence of violence, government effectiveness, regulatory quality, and rule of law. A previous study on country governance by Curti and Mihov [3] found that average country governance is significantly related to bank fraud recovery. On an individual test, these dimensions positively affected bank fraud recovery, except for political stability and voice of accountability.…”

Section: Introductionmentioning

confidence: 94%

Analysis of The Impact of State Governance On the Stability of Islamic Bank Across 20 Countries

Adiputri¹,

Sulung²

2019

Proceedings of the 3rd Asia-Pacific Research in Social Sciences and Humanities Universitas Indonesia Conference (APRISH 2018)

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The purpose of this research is to examine the stability of Islamic banks across 20 countries that are influenced by the role of their governance. This study uses unbalanced panel data and fixed effect model to operate the data. From this study, the researcher found that supportive country governance and efficient contract enforcement induce Islamic banking stability. Those country governance variables which support the positive effect on Islamic bank stability are control of corruption, political stability, and regulatory quality

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“…The next sphere of the agro-industrial industry is represented by industries and services that provide agriculture with means of production and material resources, such as: tractor and agricultural engineering, the production of mineral fertilizers, chemicals, etc. Another area of activity of the agro-industrial complex is the industries that provide the processing of agricultural raw materials, they include the food industry and industries for the primary processing of raw materials for the light industry [4,5].…”

Section: Measures Of State Support For the Agro-industrial Complex In Russiamentioning

confidence: 99%

Characteristics of fraud in the agro-industrial complex of Russia

Trunova

2021

E3S Web Conf.

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The article discusses measures of state support for the agricultural sector as one of the key areas of activity of the agro-industrial complex in the Russian Federation, analyzes common fraudulent schemes that act against the interests of state policy in the field of support and development of the fundamental directions of the agro-industrial complex. In addition, other types of fraud, common in this area of entrepreneurial and other economic activity, have been investigated. It is concluded that counteraction to such crimes has certain disadvantages. The paper proposes measures to improve the efficiency of disclosing and prosecuting crimes in the field of economic activity committed in the agricultural sector.

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Fraud recovery and the quality of country governance

Cited by 32 publications

References 40 publications

Early Warning Fraud Determinants in Banking Industries

Early Warning Fraud Determinants in Banking Industries

Analysis of The Impact of State Governance On the Stability of Islamic Bank Across 20 Countries

Characteristics of fraud in the agro-industrial complex of Russia

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