A Comprehensive Analysis Of Embezzlement Practices For Small And Medium-Sized Enterprises In Vietnam

Manh-Hung Ha (), Duy-Thuc Nguyen, Zhang Yuemei, Thi-Minh-Ngoc Luu, Thanh-Thao Bui and Thuy-Huyen Le
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Manh-Hung Ha: Vietnam National University, Faculty of Applied Sciences, International School
Duy-Thuc Nguyen: Vietnam National University, Faculty of Applied Sciences, International School
Zhang Yuemei: Vietnam National University, Faculty of Economics and Management, International School
Thi-Minh-Ngoc Luu: Vietnam National University, Faculty of Economics and Management, International School
Thanh-Thao Bui: Vietnam National University, Faculty of Applied Sciences, International School
Thuy-Huyen Le: Vietnam National University, Faculty of Applied Sciences, International School

A chapter in Proceedings of the International Conference on Emerging Challenges: Sustainable Strategies in the Data-Driven Economy (ICECH 2024), 2025, pp 571-582 from Springer

Abstract: Abstract Embezzlement has become one of the most pressing issues in Vietnam recently, leaving significant repercussions across various fields, such as economics, politics, and education. To find out the causes and solutions to minimize the frequency and consequences of this issue, we delve into the effects of selected factors on embezzlement behaviors within Vietnamese Small and Medium-sized Enterprises (SMEs) by utilizing an extensive survey on diverse demographics and conducting an in-depth analysis of critical factors influencing embezzlement practices based on weighted linear regression. Particularly, this study embezzlement habits, giving significant insights through a variety of methods based on different factors such as Cronbach’s Alpha emphasizes the high dependability of measurable parameters to aspects that contribute significantly to our knowledge of embezzlement dynamics. The Spearman’s rank correlation coefficients reveal significant connections between embezzlement practices and seven independent factors. Notably, embezzlement methods and reasons have substantial and modest relationships, respectively. The multiple linear regression model, with a high R-squared value, yields useful prediction information. Embezzlement practices vary significantly by gender and age group. Middle-aged ladies with significant expertise make up the bulk of responders, highlighting the widespread prevalence of embezzlement across demographics. Other personal characteristics had no significant effect on embezzlement practices. The study concludes with recommendations for businesses to implement tailored preventive measures, focusing on strict management and employee education, to reduce embezzlement. The findings demonstrate significant correlations between embezzlement activities and seven principal variables, notably the methods and motivations behind these acts. Research purpose: The study aims to explore the causes and solutions for minimizing embezzlement in Vietnamese Small and Medium-sized Enterprises (SMEs). Specifically, it seeks to understand the factors that influence embezzlement behaviors, providing insights into their impact on businesses and society. Research motivation: The rising occurrence of embezzlement in Vietnam across various sectors, including economics, politics, and education, has created a need for research on the causes of such activities. Understanding these factors can help develop effective preventive measures for organizations to mitigate the damaging consequences of embezzlement. Research design, approach, and method: The study employed a survey-based approach, targeting diverse demographic groups within Vietnamese SMEs. Using statistical methods, such as Cronbach’s Alpha for reliability testing and Spearman’s rank correlation for determining relationships between variables, a multiple linear regression model was developed to predict embezzlement behaviors. The high R-squared value of the model suggests robust predictive power regarding factors influencing embezzlement. Main findings: Embezzlement practices are significantly associated with seven independent factors. The study reveals a strong link between the methods and motivations behind embezzlement. The research emphasizes the role of preventive measures, such as strict management practices and employee education, to address this issue effectively. Practical/managerial implications: The findings suggest that businesses should focus on tailored preventive strategies, including improved management oversight and targeted employee training, to reduce the incidence of embezzlement. Implementing these measures can lead to better protection of company assets and reduce financial losses caused by unethical behaviors.

Keywords: Embezzlement Behaviors; Linear regression; Enterprises; Descriptive Statistics; Generalized Method of Moments (search for similar items in EconPapers)
Date: 2025
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DOI: 10.2991/978-94-6463-694-9_38

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