Contemporary review of corruption risk studies

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Abstract

This study presents a review of the studies on corruption risk in corporations. It highlights the antecedents of corruption risk, contributes additional knowledge on anti-corruption, and offers some suggestions for future research. Following Tranfield, Denyer, and Smart (2003), a literature search was done on corporate corruption risk and its related terminologies, theories, causes, and effects. In conducting the literature search, top-ranked journals of Science Direct, Springer Link, and Emerald, were used in the Scopus and Google Scholar search engines to find quality papers. The selected online published materials covered the period from 2013 to 2021. The review shows that prior studies have discussed the issue of corruption risk using different measurements and various theories. Also, this study reveals the causes and effects of corruption risk in corporations. This paper suggests a need for future research that will focus on corporate corruption risk, especially in the Malaysian context (Muhamad & Gani, 2020) due to minimal empirical research on corruption issues from a risk perspective. The aspects of corruption risk can become the foundation for effective and proactive community fraud prevention measures that can be implemented by policymakers, regulators, industry players, governments, and non-governmental agencies.

Keywords: Literature Review, Corruption Risk, Anti-Corruption, Private Companies

Authors’ individual contribution: Conceptualization — S.H.; Methodology — H.M. and S.H.; Formal Analysis — H.M.; Writing — Original Draft — H.M. and S.H.; Writing — Review & Editing — H.M. and S.H.; Supervision — S.H. and M.M.A.; Project Administration — S.H. and M.M.A.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

Acknowledgements: The Authors acknowledge the financial support received from Ministry of Higher Education (Bahagian Biasiswa, Kementerian Pengajian Tinggi), Malaysia and Universiti Sains Islam Malaysia (USIM). Finally, we thank the Faculty of Accountancy, Universiti Teknologi MARA, Malaysia for giving us the support needed for this research work.

JEL Classification: M14, M41, M42, M48

Received: 24.02.2022
Accepted: 30.05.2022
Published online: 31.05.2022

How to cite this paper: Marzuki, H., Hasnan, S., & Ali, M. M. (2022). Contemporary review of corruption risk studies [Special issue]. Corporate Governance and Organizational Behavior Review, 6(2), 255–267. https://doi.org/10.22495/cgobrv6i2sip10