Corporate Culture and the Occurrence of Financial Statement Fraud: A Review of Literature

Omar, Normah; Johari, Zulaikha ‘Amirah; Hasnan, Suhaily

doi:10.1016/s2212-5671(15)01211-3

Cited by 20 publications

(15 citation statements)

References 22 publications

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“…As a result, damaging events undertaken by individuals with distinctly different culture (e.g. conduct risk [ 62 ]) is inherently hard to predict given that the identification of such individuals must take place at an individual basis—a resource intensive and challenging task. These finding highlight some of the limitations of observational studies for theory building purposes, as (a) a trend appears to emerge and then disappear without any external intervention (where observational studies are limited in mapping the state of an organization at a given point in time—see Roe [ 8 ] and Holme and Liljeros [ 9 ]) and (b) different organizational levels exhibit distinct behaviors despite the fact that the exact same mechanism is in place (where observational studies do not explicitly distinguish between multiple levels of analysis, as noted by Kozlowski et al [ 7 ]).…”

Section: Discussionmentioning

confidence: 99%

Dynamics of organizational culture: Individual beliefs vs. social conformity

2017

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The complex nature of organizational culture challenges our ability to infer its underlying dynamics from observational studies. Recent computational studies have adopted a distinctly different view, where plausible mechanisms are proposed to describe a wide range of social phenomena, including the onset and evolution of organizational culture. In this spirit, this work introduces an empirically-grounded, agent-based model which relaxes a set of assumptions that describes past work–(a) omittance of an individual’s strive for achieving cognitive coherence; (b) limited integration of important contextual factors—by utilizing networks of beliefs and incorporating social rank into the dynamics. As a result, we illustrate that: (i) an organization may appear to be increasingly coherent in terms of its organizational culture, yet be composed of individuals with reduced levels of coherence; (ii) the components of social conformity—peer-pressure and social rank—are influential at different aggregation levels.

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Section: Discussionmentioning

confidence: 99%

Dynamics of organizational culture: Individual beliefs vs. social conformity

2017

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“…Regarding corporate governance rules, Malaysia struggles to catch up with other countries. A study by Omar et al (2015) produced evidence that improvement in corporate culture is essential to overcome the occurrence of financial statement fraud. For instance, Bursa Malaysia plays a big role in changing the culture as the Stock Exchange supports by organising numerous seminars and training courses to the public firms.…”

Section: Corporate Governance Performance In Malaysiamentioning

confidence: 99%

Corporate governance performance and financial statement fraud: evidence from Malaysia

Nasir

Hashim

2020

JFC

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Purpose This paper aims to review the performance of corporate governance practices in Malaysia from the beginning of the 21st century until recently. This paper also highlights the history of corporate governance practices in Malaysia and the country’s financial statement fraud situation. Design/Methodology/Approach Malaysia is a multi-ethnic society that requires managing corporations and firms collectively. Hence, corporate governance practices and good practices are compelled to fit society’s uniqueness. This paper used the survey findings generated from the Corporate Governance Watch Report (CG Watch Report) by the Credit Lyonnais Securities Asia and the Asian Corporate Governance Association from the year 2002 to the year 2018 and discussed the corporate governance performance related to financial statement fraud in Malaysia. The market ranking survey oversees five categories of corporate governance scores: rules and regulations, enforcement, political/regulatory environment, adoption of International Generally Accepted Accounting Principle and corporate governance culture Findings The findings reported that firms in Malaysia have benefited from good laws and regulations through corporate governance reforms. Practical Implications This study’s findings are relevant to regulators, board members, shareholders, potential investors, analysts and others to produce more informative timely comparisons. Future research should consider analysing and comparing the corporate governance performance in Malaysia with the corporate governance performance of other countries in Asia. Originality Value This study summarized the findings generated from a periodical CG Watch Report from the year 2003 to 2018. This study also underlined the actions of responsible agencies and regulatory bodies determined to have a decent corporate governance practice in Malaysia, especially in minimizing financial statement fraud occurrence in the country.

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“…Question 2: Is there any significant difference between the scores of understanding organizational relationships and the effect of organizational goals on workers' activities by gender, education, work experience, age, marital status, insurance coverage and criminal record? The results Stated in Table (10) show that there is no significant difference between the scores of the role of understanding the organizational relationship and the effectiveness of the organization's goals on the activities of workers in terms of sex, education, work experience, age, marital status, insurance coverage and criminal record. However, it must be considered existence more and less differences in this area.…”

Section: Fig 1 Comparison Of the Average Score Of Responses Relatedmentioning

confidence: 92%

The Role of Corporate Organizational Culture in Committing Environmental Crime: An Empirical Study of Mashhad, Iran

2020

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This paper has been done by evaluation purpose of the corporate institutional culture role in committing environmental crime. The statistical population is consisted of all workers of six factories with the highest rate of environmental crime in Mashhad that among them, 252 people were selected as the final sample size using proportional stratified random sampling method. The effect of the organization's goals on the activities of the workers is more than average, and there is no significant difference between the scores of the role of institutional culture on the activities of workers in terms of gender, education, work experience, age, marital status, insurance coverage and criminal record. The results of Friedman's test on the impact of the three dimensions of the role of institutional culture on environmental crime showed that the transfer of institutional culture has dedicated itself the highest rank and organizational learning has dedicated itself the lowest rank.

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Corporate Culture and the Occurrence of Financial Statement Fraud: A Review of Literature

Cited by 20 publications

References 22 publications

Dynamics of organizational culture: Individual beliefs vs. social conformity

Dynamics of organizational culture: Individual beliefs vs. social conformity

Corporate governance performance and financial statement fraud: evidence from Malaysia

The Role of Corporate Organizational Culture in Committing Environmental Crime: An Empirical Study of Mashhad, Iran

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