Corporate fraud: definition, nature, risks, impact on economic security

Скипин Д.Л., Сахно Ю.С., Баденова Л.А., Кузнецов М.О.
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The subject of research is a corporate fraud as a factor of destabilization of the country's economy. The article reveals the essence of corporate fraud, as well as factors and risks that may arise in the course of economic activity of an economic entity, and have a negative impact on its work and financial condition. In connection with the development of the economy, improvement of the employees skills and rise of the information flows availability, the necessity to counter corporate fraud is of paramount importance in ensuring the economic security of business and creating conditions for economic stability within the company. The ways of identification and combating business threats are given in the article, as well as the characteristics of measures and methods that have already shown their effectiveness in practice are described.
The purposes of research are as follows: identification of risks and threats of corporate fraud, development of a mechanism aimed at minimizing them and ensuring business economic security.
Methodology. The methodological basis of the study was the methods of logical analysis, synthesis, systematic and integrated approaches to the assessment of economic processes.
Results. The main factors causing occurrence of corporate fraud and its possible consequences for business are defined, the signs which are indicators of corporate fraud for each category of employees of corporation are designated.
Summary. Manifestations of the phenomenon-corporate fraud is directly related to the illegal actions of employees of the organization, aimed at obtaining personal benefits, so it is important to form within the team of the company and the team of corporate culture, corporate spirit, mood, aimed at intolerance to any illegal act, intentionally committed against the interests of the organization.


Skipin, D.L., Sakhno, Yu.S., Badenova, L.A., & Kuznetsov, M.O. (2019) Corporate fraud: definition, nature, risks, impact on economic security. Ekonomicheskie otnosheniya, 9(3), 2299-2310. doi: 10.18334/eo.9.3.41049 (in Russian)

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