Understanding fraud in Malaysian SMEs

Abdoulaye N’Guilla Sow, Rohaida Basiruddin, Siti Zaleha Abdul Rasid and Maizaitulaidawati Md Husin

Journal of Financial Crime, 2018, vol. 25, issue 3, 870-881

Abstract: Purpose - The paper aims to provide an overview of fraud risk among Malaysian small- and medium-sized enterprises (SMEs). In particular, the authors investigate the understanding of SME owners and managers on fraud schemes and the usage of antifraud measures. Design/methodology/approach - A sample of 126 Malaysian SMEs from different industries participated in this study. Findings - The results suggest that Malaysian SMEs are exposed to a broad range of fraud schemes, yet few take actions to prevent these frauds. Practical implications - The findings should be useful to academic researchers, entrepreneurs, regulators and others who are interested in understanding the fraud risk in small businesses. Originality/value - This study extends and contributes to prior literature by linking the state of fraud and SMEs in developing countries.

Keywords: Malaysia; Fraud; Anti-fraud measures; Fraud scheme; Small medium enterprises (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfcpps:jfc-08-2017-0077

DOI: 10.1108/JFC-08-2017-0077

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