Consensus on the role of culture in restraining financial crime: a systematic literature review
Abstract
Purpose
No country is free from financial crime issues. Therefore, this paper aims to discover how to control financial crime from the perspective of national culture.
Design/methodology/approach
This study conducted a bibliometric approach and systematic literature review analysis of 47 publications in the Scopus database.
Findings
Bibliometric and content analyses show that national culture is more often associated with tax evasion, money laundering and corruption. The role of national culture is less investigated currently in the schemes of financial statement crime, workplace fraud and cybercrime. Overall, the study concludes financial crime can be prevented by developing a culture that supports anti-fraud measures. These include individualized country profiles, feminism, low power distance, tolerance for uncertainty, short-term orientation and restraint.
Originality/value
This research provides clear knowledge of the role of the six dimensions of national culture in fighting financial crime. Finally, this study is also valuable for decision-making in designing more effective financial crime prevention programs.
Keywords
Acknowledgements
The author would like to thank the Lembaga Pengelola Dana Pendidikan (LPDP) of the Ministry of Finance (Kemenkeu) of the Republic of Indonesia for sponsoring the research process and writing this article. Also grateful for the guidance of Dr Totok Dewayanto, SE, Msi, Akt, CA, lecturer and practitioner from Universitas Diponegoro.
Author contribution: The author contributed fully to the research process and writing of the paper.
Conflict of interest: The authors declare that they are not involved in any conflict of interest.
Citation
Maulidiyah, D.N. (2023), "Consensus on the role of culture in restraining financial crime: a systematic literature review", Journal of Financial Crime, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JFC-05-2023-0103
Publisher
:Emerald Publishing Limited
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