Paradox of White Collar Crime and Fraud in Banking: Critical Analysis of Agency Theory and Gone Theory

Abstract

<p class="JurnalASSETSABSTRAK"><strong>ABSTRACT</strong></p><p>This study aims to criticize the causal relationship between agency theory and GONE theory with Habermas's radical humanist paradigm. Qualitative research methods and in-depth interviews with informants were used in this study. The results of the study inform that agents can be free from pragmatic agency theory through three forms of exemption. The first liberation proposed is to reduce one's greediness. The second release was carried out through an ethical and moral customer due diligence program. The liberation of the third form aims to reduce the rationality of economic relations that tend to prioritize the needs of individuals.</p><p class="JurnalASSETSABSTRAK"><strong><em>ABSTRAK</em></strong><em></em></p><p><em>Penelitian ini bertujuan untuk mengkritisi hubungan kausalitas antara agency theory dan GONE theory dengan paradigma radical humanis Habermas. Metode penelitiaan kualitatif dan wawancara mendalam dengan informan digunakan dalam penelitian ini. Hasil penelitian menginformasikan bahwa agent dapat terbebaskan dari penerapan agency theory yang bersifat pragmatis melalui tiga bentuk pembebasan. Pembebasan pertama yang diusulkan adalah mereduksi sifat serakah pada diri seseorang. Pembebasan bentuk kedua dilakukan melalui program customer due diligence yang beretika dan bermoral. Pembebasan bentuk ketiga bertujuan untuk mereduksi adanya rasionalitas hubungan ekonomi yang cenderung mementingkan kebutuhan individu.</em></p>

Framing Analysis: Do Illegal Online Loans Have Fraud

“…Rationalization is used as a basis for justification and ego attitudes of the illegal online lending companies by assigning debt collectors to carry out terror and intimidation as well as defamation through social media involving groups of contact persons on the customer's mobile phone in order to obtain income in the form of installments and fines. This argue has supported by previous research (Shonhadji, 2020).…”

Fraud Analysis on Illegal Online Lending Using Habermas' Theory of the Public Sphere

“…Systematically, the conceptual framework in this study follows the research method initiated by Jaduk (2017) and Shonhadji (2020) by carrying out several modifications that are adapted to the object of research. However, the novelty in this study is the use of Habermas' public sphere theory as a critical foothold to analyze the occurrence of fraud in illegal online lending practices.…”

“…The critical dialectical method referred to in this study is the development of data analysis techniques carried out by (Habermas, 2010;Jaduk, 2017). Shonhadji (2020) said that the research begins with the process of collecting data through interviews with informants. Next is the data analysis process which is carried out through three stages.…”

“…Meanwhile, in terms of the lifeworld concept, there is an effort to raise awareness for P2P online lender not to commit fraud and white collar crime with the foundation of thinking on beyond-compliance. The idea of raising consciousness and enlightenment which reflects on the concepts of ethics and morality which is fused with the Fraud Diamond Theory is a liberation effort that will be carried out in this research (Jaduk, 2017;Rengganis, Sari, Budiasih, Wirajaya, & Suprasto, 2019;Shonhadji, 2020). The use of Habermas theory in accounting research will be able to reflect the role of humans as individual beings as well as social beings as the basis for the growth of humanist values.…”

“…Second is opportunity, means that there is a weakness in the system that can be exploited. Third is rationalization, means that the fraud carried out is proportional to the risk and fourth is capability, means the ability needed by the right person to commit fraud (Shonhadji, 2020).…”