Financial crime in business organizations: an empirical study
Abstract
Purpose
The purpose of this empirical study of financial crime in business organizations is to create insights into management competence, applications of information technology and use of information sources to combat financial crime.
Design/methodology/approach
This empirical research was carried out by a web‐based questionnaire combined with a letter to the largest business organizations in Norway.
Findings
Executives demonstrate competence in crime prevention by introducing control mechanisms and reporting routines. However, when suspicion of crime occurs, executives are not competent in carrying out interviews, investigate documents and find electronic evidence.
Practical implications
Executives need to focus less on routines and regulations and more on information sources and knowledge management.
Originality/value
Both descriptive statistics as well as correlation analysis in this paper provide new insights into the extent of financial crime, as well as competence, information sources and systems in a developed economy such as Norway.
Keywords
Citation
Gottschalk, P. and Solli‐Sæther, H. (2011), "Financial crime in business organizations: an empirical study", Journal of Financial Crime, Vol. 18 No. 1, pp. 76-92. https://doi.org/10.1108/13590791111098816
Publisher
:Emerald Group Publishing Limited
Copyright © 2011, Emerald Group Publishing Limited