Understanding fraud in Malaysian SMEs

Purpose: The paper aims to provide an overview of fraud risk among Malaysian small- and medium-sized enterprises (SMEs). In particular, the authors investigate the understanding of SME owners and managers on fraud schemes and the usage of antifraud measures. Design/methodology/approach: A sample of...

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Bibliographic Details
Main Authors: N’Guilla Sow, Abdoulaye, Basiruddin, Rohaida, Abdul Rasid, Siti Zaleha, Md. Husin, Maizaitulaidawati
Format: Article
Published: Emerald Group Publishing Ltd. 2018
Subjects:
Online Access:http://eprints.utm.my/id/eprint/86520/
http://dx.doi.org/10.1108/JFC-08-2017-0077
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Summary:Purpose: The paper aims to provide an overview of fraud risk among Malaysian small- and medium-sized enterprises (SMEs). In particular, the authors investigate the understanding of SME owners and managers on fraud schemes and the usage of antifraud measures. Design/methodology/approach: A sample of 126 Malaysian SMEs from different industries participated in this study. Findings: The results suggest that Malaysian SMEs are exposed to a broad range of fraud schemes, yet few take actions to prevent these frauds. Practical implications: The findings should be useful to academic researchers, entrepreneurs, regulators and others who are interested in understanding the fraud risk in small businesses. Originality/value: This study extends and contributes to prior literature by linking the state of fraud and SMEs in developing countries.