Access the full text.
Sign up today, get DeepDyve free for 14 days.
Sheila Puffer, D. McCarthy, M. Boisot (2010)
Entrepreneurship in Russia and China: The Impact of Formal Institutional VoidsEntrepreneurship Theory and Practice, 34
Kevin Wanjala, David Riitho (2020)
Internal Control Systems Implementation and Fraud Mitigation Nexus among Deposit Taking Saccos in KenyaFinance & Economics Review
P. Erwin (2011)
Corporate Codes of Conduct: The Effects of Code Content and Quality on Ethical PerformanceJournal of Business Ethics, 99
D. Neu, J. Everett, A. Rahaman, Daniel Martinez (2013)
Accounting and networks of corruptionAccounting Organizations and Society, 38
Thang Nguyen, Ngoc Le, Ha Dinh, H. Pham (2020)
Greasing, rent-seeking bribes and firm growth: evidence from garment and textile firms in VietnamCrime, Law and Social Change
Conor O'Leary, Errol Iselin, D. Sharma (2006)
The Relative Effects of Elements of Internal Control on Auditors’ Evaluations of Internal Control
K. Chalmers, D. Hay, Hichem Khlif (2019)
Internal control in accounting research: A reviewJournal of Accounting Literature
M. Trommé (2016)
Corruption and corruption research in Vietnam - an overviewCrime, Law and Social Change, 65
K. Jeppesen (2019)
The role of auditing in the fight against corruptionThe British Accounting Review
M. Lokanan (2015)
Challenges to the fraud triangle: Questions on its usefulnessAccounting Forum, 39
Martha Howe, C. Malgwi (2006)
Playing the Ponies: A $5 Million Embezzlement CaseJournal of Education for Business, 82
Yadong Luo (2002)
Corruption and Organization in Asian Management SystemsAsia Pacific Journal of Management, 19
G. Jong, Phan Tu, H. Ees (2012)
Which Entrepreneurs Bribe and what do they Get from It? Exploratory Evidence from VietnamEntrepreneurship Theory and Practice, 36
M. Khan (2006)
Determinants of Corruption in Developing Countries: The Limits of Conventional Economic Analysis
(2010)
Beyond the fraud triangle: enhancing deterrence of economic crimes
J. Svensson (1999)
Who Must Pay Bribes and How Much? Evidence from a Cross-Section of Firms
M. Somers (2001)
Ethical Codes of Conduct and Organizational Context: A Study of the Relationship Between Codes of Conduct, Employee Behavior and Organizational ValuesJournal of Business Ethics, 30
K. Meyer, H. Nguyen (2005)
Foreign Investment Strategies and Sub-national Institutions in Emerging Markets: Evidence from Vietnam*Journal of Management Studies, 42
Steven Dellaportas (2013)
Conversations with inmate accountants: Motivation, opportunity and the fraud triangleAccounting Forum, 37
Lutz Preuss (2010)
Codes of Conduct in Organisational Context: From Cascade to Lattice-Work of CodesJournal of Business Ethics, 94
B. Venard (2009)
Organizational Isomorphism and Corruption: An Empirical Research in RussiaJournal of Business Ethics, 89
B. Spector (2016)
The benefits of anti-corruption programming: implications for low to lower middle income countriesCrime, Law and Social Change, 65
Thang Nguyen, Bao Ho, C. Le, H. Nguyen (2016)
Strategic and transactional costs of corruption: perspectives from Vietnamese firmsCrime, Law and Social Change, 65
Adebayo Agbejule, A. Jokipii (2009)
Strategy, control activities, monitoring and effectivenessManagerial Auditing Journal, 24
K. Zakaria, Anuar Nawawi, A. Salin (2016)
Internal controls and fraud – empirical evidence from oil and gas companyJournal of Financial Crime, 23
J. Gillespie, Thang Nguyen, H. Nguyen, C. Le (2020)
Exploring a Public Interest Definition of Corruption: Public Private Partnerships in Socialist AsiaJournal of Business Ethics
Bradley Lawson, Leah Muriel, Paula Sanders (2017)
A survey on firms' implementation of COSO's 2013 Internal Control–Integrated FrameworkResearch in Accounting Regulation, 29
D. Smallbone, F. Welter, J. Ateljević (2014)
Entrepreneurship in emerging market economies: Contemporary issues and perspectivesInternational Small Business Journal, 32
(2011)
around the world?
R. Galang (2012)
Victim or Victimizer: Firm Responses to Government CorruptionPSN: Other Political Economy: Comparative Political Economy (Topic)
Asia Pacific Journal of Management, 29
Brendan O’Dwyer, G. Madden (2006)
Ethical Codes of Conduct in Irish Companies: A Survey of Code Content and Enforcement ProceduresJournal of Business Ethics, 63
Alexander Schuchter, M. Levi (2015)
Beyond the fraud triangle: Swiss and Austrian elite fraudstersAccounting Forum, 39
Aapo Länsiluoto, A. Jokipii, T. Eklund (2016)
Internal control effectiveness : a clustering approachManagerial Auditing Journal, 31
A. Jokipii (2010)
Determinants and consequences of internal control in firms: a contingency theory based analysisJournal of Management & Governance, 14
B. Scharrer (2015)
Employees` Acceptance and Involvement in accordance with Codes of Conduct – Chinese Business Behaviour vs. Western Compliance Management Systems?Procedia - Social and Behavioral Sciences, 1
Carolyn Holton (2009)
Identifying disgruntled employee systems fraud risk through text mining: A simple solution for a multi-billion dollar problemDecis. Support Syst., 46
Norhafizah Rahman, A. Jamaluddin, Noradiva Hamzah, K. Aziz (2019)
ESTABLISHING AN EFFECTIVE INTERNAL CONTROL SYSTEM FOR FRAUD PREVENTION: A STRUCTURED LITERATURE REVIEW, 14
Samir El-Gazzar, James Fornaro, Rudolph Jacob (2008)
An Examination of the Determinants and Contents of Corporate Voluntary Disclosure of Management's Responsibilities for Financial ReportingJournal of Accounting, Auditing & Finance, 23
Drawing from fraud triangle theory, the purpose of this paper is to examine whether the use of internal control systems and codes of conduct, as a specific element of internal control, helps firms to reduce law violations and bribery payments to public officials.Design/methodology/approachThe study is based on survey data of Vietnamese firms, conducted between September and December 2018. The authors run logistic and ordinary least squares regressions to test the hypotheses.FindingsThe study showed that the use of internal control systems has a negative and significant relationship with law violation but not with bribes paid to public officials. By contrast, the use of codes of conduct appears to reduce bribe payments but not law violations.Research limitations/implicationsCross-sectional data do not allow us to confirm causal relationships. The self-reported measures of the use of codes of conduct and internal control systems may suffer from social desirability biases and should be further validated with different samples of firms. Finally, the relatively modest number of firms that participated in the survey raises a concern of sample representativeness.Practical implicationsFor businesses, the application of codes of conduct and internal control systems enhances the reliability and certainty of the firm's operations as well as its integrity, contributing to the firm's long-term development. For policymakers, encouraging businesses to use internal control systems and codes of conduct would contribute meaningfully to the anti-corruption effort.Originality/valueBusinesses in emerging economies face a dilemma of how to participate in an anti-corruption agenda while staying profitable. This study shows that the use of internal control systems and codes of conduct would serve both purposes, contributing to businesses' sustainable development.
Baltic Journal of Management – Emerald Publishing
Published: Mar 10, 2021
Keywords: Internal control; Code of conduct; Bribery; Corruption; Vietnam
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.