Proceedings of the 9th International Conference on Research in Business, Management and Economics
Year: 2024
DOI:
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Investigating Corruption and Fraud in The Financial Sector: The Roadmap for A Future Research Agenda
Eleni Poiriazi, Georgia Zournatzidou, George Sklavos, George Konteos
ABSTRACT:
The increase in fraud and associated activities in the financial industry has captured the interest of academics on the rising issue of financial corruption. The primary objective of this article is to assist researchers in comprehending the comprehensive trends, alterations, and structure of corruption throughout financial research cohesively. Furthermore, corruption inside the financial ecosystem erodes competition, obstructs both domestic and foreign investment, and reduces growth rates. These actions obstruct the operations and advancement of other enterprises that operate within the framework of the law. Organized crime and corruption produce a crowding-out effect. This study aims to provide the academic community with a comprehensive understanding of the current trends, changes, and framework of corruption in financial research. The study employs systematic literature review and bibliometric analysis to investigate misconduct in financial research. We obtained the bibliometric data from the Scopus database and employed the PRISMA approach for the final selection. We assessed the bibliometric data utilizing the R statistical programming language together with the bibliometric tools Biblioshiny and VOSviewer. The study’s primary findings demonstrate that contemporary technologies augment conventional methods in fraud detection and prevention, with blockchain and cryptocurrencies presenting promising avenues for further research. Among the most impactful contributors in corruption and fraud in the financial sector are the United States and the United Kingdom. Finally, findings of the research identifies prospective directions for future research, therefore progressing the field.
keywords: bibliometric analysis; corruption; financial sector; fraud; green finance