Misappropriation of assets: a quantitative and qualitative analysis of occupational fraud management in organizations

Jorge Jiménez Serrano, María Jesús Delgado Rodriguez, Isabel Rodriguez Iglesias and Rafael Manuel López Pérez

Journal of Financial Crime, 2025, vol. 32, issue 5, 994-1013

Abstract: PurposeThis study aims to investigate the misappropriation of assets, a significant form of occupational fraud causing millions in losses, threatening corporate survival, damaging reputations and fostering toxic work environments. It explores how asset misappropriation impacts society and aligns with sustainable development goals targeting fraud prevention.Design/methodology/approachA dual methodology combining quantitative descriptive analysis and qualitative research using the Gioia methodology was applied. Data was gathered from 29 professionals managing and investigating misappropriation fraud in their companies over the past five years, alongside 12 expert interviews.FindingsThe results confirm the relevance of classical fraud models (triangle, diamond, pentagon, hexagon), while also highlighting the need to incorporate new dimensions related to the offender’s psychological and educational factors. A dual prevention strategy is proposed, combining technical controls with the promotion of ethical values, organizational identification and cultural coherence.Research limitations/implicationsThe study presents a small sample of professionals and experts, which may limit its generalizability. Larger samples from more countries and sectors are needed to explore these issues in greater depth and breadth.Practical implicationsThe study offers useful insights for companies that seek to strengthen internal fraud management by integrating structural, behavioral and cultural approaches. Special attention is drawn to rationalization mechanisms and the ethical climate of the organization.Originality/valueThis study provides a novel perspective by integrating expert perspectives with existing literature, highlighting the importance of education and culture in fraud prevention. It contributes to developing innovative strategies and offering value to academics and practitioners fighting occupational fraud.

Keywords: Occupational fraud; Internal fraud; Misappropriation of assets; Fraud triangle; Sustainable development goals; Fraudster profile (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfcpps:jfc-01-2025-0016

DOI: 10.1108/JFC-01-2025-0016

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