Based on theoretical foundations and evidence-based case studies, this
book identifies the fundamental motivations underpinning corporate fraud
in both developing and developed countries. The book offers practical
solutions in terms of monitoring and potentially preventing future
corporate fraud activity.
It is expected that uncovered corporate fraud negatively affects the
public reputation, and financial performance of fraudulent firms.
However, what is of more importance for fraudulent firms is how to
regain the trust of customers, investors, and other stakeholders, as
this impacts the long-term sustainability of businesses. Operational
strategies, including reform, provide an effective channel for a
fraudulent firm's business sustainability yet this notion remains
unexplored in the literature.
This authored research book argues that the choice of appropriate
operational strategies is critical as they serve as an effective channel
for fraudulent firms to re-gain the trust from customers and markets,
re-establish their reputation, and enhance the firm's long-term value.
The authors posit that there is no 'one-size fits-all' approach because
the choice of effective operational strategies is needed to acknowledge
the significance of context such as industry type, economic conditions,
legal frameworks as well as the firm's fraudulent characteristics.
