Creating a Nexus between Dark Triad Personalities, Non-Performing Assets, Corporate Governance and Frauds in the Indian Banking sector

Murthy, Nilaya; Gopalkrishnan, Santosh

doi:10.1108/jfc-05-2022-0097

Cited by 9 publications

(5 citation statements)

References 27 publications

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“…In addition, these leaders are motivated by personal gains, for example, wealth and power, in a way that dominates their behavior and facilitates dysfunctional characteristics (Boyle et al , 2015). Thus, “the personality dimension can help in contributing to comprehending the mental aspects and the reasons behind the combination of dark triads with economic offences” (Murthy and Gopalkrishnan, 2022).…”

Section: Discussionmentioning

confidence: 99%

Accounting fraud in light of organismic integration theory

Orth

Marrone²,

Macagnan³

2022

JFC

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Purpose This systematic literature review aims to identify how literature approaches motivations for committing fraud in financial statements and presents a framework on these motivations in the light of organismic integration theory (OIT). Design/methodology/approach Therefore, initially, 251 articles were analyzed. Through a systematic review of the literature, 25 were submitted to content analysis. Findings The findings suggest that the OIT explains motivational processes neglected by traditional theories, such as the fraud triangle and agency theory. Both theories consider that all human beings are utilitarian by nature. The authors expect that the better we understand the motivational factors that contribute to the large-scale endorsement of immoral behavior, it would be easier to prevent accounting fraud incidents. Research limitations/implications This work went to the limit of the proposition of premises; however, other authors can be to advance to the empirical tests. Practical implications So, different people have different motivations for committing fraud. For this reason, it is important that organizations, auditors, regulatory and professional bodies that are engaged in combating such dysfunctional behaviors seek to know more deeply whether people are more externally or internally motivated. Social implications This recognition will make it possible to design adequate rules and controls, rather than assuming that everyone is equal, and will be discouraged from committing fraud only when there is a severe punishment associated with it. Originality/value This study adds to the stream of scholars who analyze fraud from a broader perspective than the assumption that all beings are rational and seek to maximize their well-being. However, to the best of the authors’ knowledge, this is the first study to analyze the phenomenon of fraud from the perspective of the OIT.

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Section: Discussionmentioning

confidence: 99%

Accounting fraud in light of organismic integration theory

Orth

Marrone²,

Macagnan³

2022

JFC

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“…The findings broaden Crowe (2011) perspective that the arrogance of Indonesian banking CEOs does not encourage them to commit FSF. The number of their images in the annual report is intended to make them known to the public (Murthy & Gopalkrishnan, 2022). The more popular CEOs perform high because they must make decisions carefully to maintain their reputation (Wardhani & Supratiwi, 2021).…”

Section: Effect Of Arrogance On Financial Statement Fraudmentioning

confidence: 99%

Indonesia's Banking Excellence in the Eyes of Crowe's Fraud Pentagon

Wardhani,

Muid,

Farida

2024

Economics and Finance

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Complex factors trigger fraud. The basic theory is the fraud triangle theory. Crowe (2011) developed the idea into a pentagon theory and found two other factors: arrogance and competence. This study aims to analyze each element of Crowe's Fraud pentagon theory to detect fraudulent financial statements. Various proxies were used: pressure (financial targets and stability; external pressure; institutional ownership), opportunity (number of audit committees and nature of the industry), rationalization (change in auditors and auditor opinion), competence (change in directors and ineffective monitoring), arrogance (picture of the number of CEOs). Seventy-six banking companies listed on the IDX from 2013 to 2017 became sample. A multiple regression model is used as technique analysis. The results showed that pressure, rationalization, and competence affected financial statement fraud (FSF). This influence is in a good tone. This research contributes to the development of the Crowe's Fraud pentagon and Indonesian banking governance.

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“…Author name Finding 1 Roy (2022) Non-performing assets (NPAs) have been going up, which has made it impossible for PSBs to make money. 2 Murthy (2022) Rising of NPAs casts doubt on the effectiveness of corporate governance at the top of the most prestigious financial institutions in the world. 3 Mangala (2022) It was found that public sector banks were under pressure because they had low capitalization and bad assets.…”

Section: Snomentioning

confidence: 99%

Evaluating the Significance of Forensic Accounting in Fraud Detection in the Indian Banking Sector: A Systematic Literature Review

Aashima,

Mohanty,

Kedia

2023

Gurukul Business Review

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Purpose: The purpose of this paper is to examine the significance of forensic accounting in fraud detection and investigating the fraudulent practices in the Indian Banking sector Design/Methodology/Approach: This paper review studies conducted on forensic accounting in Indian banking sector to explore the suitability of the same in detection of the occurrences of fraud and investigation of fraudulent practices in the Indian Banking Sector. Findings:The need to identify and stop financial fraud has never been greater. Even though regulatory agencies like SEBI and RBI attempted to cut down on fraud, their results were unfavourable. Fraudsters nowadays are sophisticated and technologically adept and use novel techniques to commit their crimes. Furthermore, the study highlights Fraud in the Indian Banking Industry. Lastly, the study highlights the Role of Big Data in Influence Practitioners to Use Forensic Accounting for Fraud. Research limitation/implication: Corporate leaders are ready to avoid committing financial fraud despite pressure from investors, government securities regulators, and exogenous market swings, according to the study's key premise that fraud may be reduced by proactive and intentional action by auditors. Theoretical implication: Forensic accounting requires knowledge of large data, and should be included in courses for both undergraduate and graduate students. Practical implication: Forensic accounting is a viable method for exposing bank fraud in India, but more focus should be given to fraud instances where forensic accountants haven't paid attention. Orginality/value: From published literature, it is evident that there is dearth of studies conducted on forensic accounting and detection of frauds in the Indian Banking Sector. The review paper is a holistic study that focuses on forensic accounting, its suitability in uncovering frauds in Indian Banking sector.

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Creating a Nexus between Dark Triad Personalities, Non-Performing Assets, Corporate Governance and Frauds in the Indian Banking sector

Cited by 9 publications

References 27 publications

Accounting fraud in light of organismic integration theory

Accounting fraud in light of organismic integration theory

Indonesia's Banking Excellence in the Eyes of Crowe's Fraud Pentagon

Evaluating the Significance of Forensic Accounting in Fraud Detection in the Indian Banking Sector: A Systematic Literature Review

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