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The relationship between South Korean chaebols and fraud

Chad Albrecht (Huntsman School of Business, Utah State University, Logan, Utah, USA)
Chad Turnbull (Wagner College, Staten Island, New York, USA)
Yingying Zhang (CUNEF, Complutense University of Madrid, Madrid, Spain)
Christopher J. Skousen (Huntsman School of Business, Utah State University, Logan, Utah, USA)

Management Research Review

ISSN: 2040-8269

Article publication date: 26 March 2010

3532

Abstract

Purpose

In recent years, many of South Korea's most prominent organizations have been involved in large‐scale frauds. These frauds have had a devastating impact on South Korean society and resulted in unnecessary suffering and high levels of unemployment for the middle class. With the aim of understanding the causes of these scandals, this paper takes an in‐depth look at the chaebol organization.

Design/methodology/approach

The paper takes a conceptual approach by first examining chaebols in greater detail. The paper then examines classical fraud theory, including the fraud triangle. The paper then examines chaebol organizations through the lens of the fraud triangle. By doing so, it is possible to understand why chaebols, in particular, are susceptible to fraud and corruption.

Findings

The paper provides evidence to suggest that chaebol organizations have inherent fraud risks. In order to minimize these fraud risks, chaebol organizations must address these issues.

Originality/value

This paper fulfills an important area of research by providing basic information about the relationship between chaebol organizations and fraud.

Keywords

Citation

Albrecht, C., Turnbull, C., Zhang, Y. and Skousen, C.J. (2010), "The relationship between South Korean chaebols and fraud", Management Research Review, Vol. 33 No. 3, pp. 257-268. https://doi.org/10.1108/01409171011030408

Publisher

:

Emerald Group Publishing Limited

Copyright © 2010, Emerald Group Publishing Limited

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