Corporate Fraud Across the Globe

ISBN-13: 9789811936692 / Angielski / Miękka / 2023

Larry Li;Adela McMurray

Opis

Based on theoretical foundations and evidence-based case studies, this book identifies the fundamental motivations underpinning corporate fraud in both developing and developed countries. The book offers practical solutions in terms of monitoring and potentially preventing future corporate fraud activity. It is expected that uncovered corporate fraud negatively affects the public reputation, and financial performance of fraudulent firms. However, what is of more importance for fraudulent firms is how to regain the trust of customers, investors, and other stakeholders, as this impacts the long-term sustainability of businesses. Operational strategies, including reform, provide an effective channel for a fraudulent firm’s business sustainability yet this notion remains unexplored in the literature.  This authored research book argues that the choice of appropriate operational strategies is critical as they serve as an effective channel for fraudulent firms to re-gain the trust from customers and markets, re-establish their reputation, and enhance the firm’s long-term value. The authors posit that there is no ‘one-size fits-all’ approach because the choice of effective operational strategies is needed to acknowledge the significance of context such as industry type, economic conditions, legal frameworks as well as the firm’s fraudulent characteristics. 

Spis treści

Introduction

Part I: Theme 01 – The Concept of Corporate Fraud

Chapter 1: What is Corporate Fraud?

Chapter 2: Types of Corporate Fraud 

Chapter 3: Theorical and Empirical Justification of Corporate Fraud

Part II: Theme 02 – Corporate Fraud Across Countries and Industries

Chapter 4: Corporate Fraud in Developing Countries

Chapter 5: Corporate Fraud in Developed Countries

Chapter 6: Corporate Fraud Across Industries

Chapter 7: Corporate Fraud Trends

Part III: Theme 03 – How to Prevent Corporate Fraud 

Chapter 7: External Factors: Legal Framework and Business Environment

Chapter 8:  Internal Factors: Organizational Culture, and Governance

Part IV: Theme 04 – Bringing New Hope to the Business

Chapter 10: Developing New Operational Strategies in Organizations

Chapter 11: How to Regain Customer Trust

O autorze

Dr Larry Li is a senior lecturer of finance at the College of Business and Law, RMIT University, Australia. His teaching and research interests focus on corporate governance, carbon finance, IPO, and risk management. He has published extensively in leading finance and economics journals and has a successful history of generating internal and external research funding.

Professor Adela McMurray is the Dean (People & Resources) at the College of Business Government and Law, Flinders University, Australia. She has experience researching and working in the public and private sectors facilitating organizational change and development. Her work is internationally acclaimed as she has published over 360 publications and won multiple awards and grants to the value of $5million. Her research expertise addresses: Innovation, Culture, Sustainability, Commitment, and Leadership including Organizational Change and Development.

Blurb

Based on theoretical foundations and evidence-based case studies, this book identifies the fundamental motivations underpinning corporate fraud in both developing and developed countries. The book offers practical solutions in terms of monitoring and potentially preventing future corporate fraud activity.

 

It is expected that uncovered corporate fraud negatively affects the public reputation, and financial performance of fraudulent firms. However, what is of more importance for fraudulent firms is how to regain the trust of customers, investors, and other stakeholders, as this impacts the long-term sustainability of businesses. Operational strategies, including reform, provide an effective channel for a fraudulent firm’s business sustainability yet this notion remains unexplored in the literature.

 

This authored research book argues that the choice of appropriate operational strategies is critical as they serve as an effective channel for fraudulent firms to re-gain the trust from customers and markets, re-establish their reputation, and enhance the firm’s long-term value. The authors posit that there is no ‘one-size fits-all’ approach because the choice of effective operational strategies is needed to acknowledge the significance of context such as industry type, economic conditions, legal frameworks as well as the firm’s fraudulent characteristics.

 

Dr Larry Li is a senior lecturer of finance at the College of Business and Law, RMIT University, Australia. His teaching and research interests focus on corporate governance, carbon finance, IPO, and risk management. He has published extensively in leading finance and economics journals and has a successful history of generating internal and external research funding.

Professor Adela McMurray is the Dean (People & Resources) at the College of Business Government and Law, Flinders University, Australia. She has experience researching and working in the public and private sectors facilitating organizational change and development. Her work is internationally acclaimed as she has published over 360 publications and won multiple awards and grants to the value of $5million. Her research expertise addresses: Innovation, Culture, Sustainability, Commitment, and Leadership including Organizational Change and Development.