Assessing Corruption in Times of Crisis: Empirical Evidence from Greece

Paraskevi Boufounou, Kanellos Toudas and Athanasia Georgiou
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Paraskevi Boufounou: Department of Economics, National and Kapodistrian University of Athens, Athens, Greece
Kanellos Toudas: Department of Agricultural Business Administration & Supply Systems Management, Agricultural University of Athens, Athens, Greece
Athanasia Georgiou: Hellenic Open University, Athens, Greece

Journal of Economic Analysis, 2024, vol. 3, issue 4, 1-22

Abstract: The goal of this paper is to provide an overall presentation of corruption as occupational fraud building on the findings of an empirical study conducted in Greece. As uncertainty leads to increased levels of corruption, Greece was chosen due to the prolonged period of uncertainty the country faces, caused by the 2010 financial crisis and followed by the Covid pandemic crisis. 400 questionnaires reviewing corruption perception were gathered and analyzed by gender, age, marital status, education level, position, occupation, and monthly income, as well as urban vs rural area of residence. The findings of the study were compared with and critically evaluated against those of the previous studies for Greece. Respondents in age group 36-49 believe that if appropriate measures are taken it is possible to tackle corruption in the public sector, in contrast to people aged 18-35 who disagree completely. Residents of rural areas do not consider corruption to be a serious problem and are more willing to whistleblowing (in contrast to residents of urban areas). The study findings have important practical implications in the context of designing effective corruption reduction policies.

Keywords: Corruption; occupational fraud; crisis; regions; whistleblowing; digitalization (search for similar items in EconPapers)
Date: 2024
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