FRAUD AND BUSINESS CYCLE: EMPIRICAL EVIDENCE FROM FRAUDSTERS AND FRAUD MANAGERS IN NIGERIA
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Date
2017
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Abstract
This paper aims at investigating the link between fraud and business cycle in Nigeria
using primary data sourced from questionnaires administered on both fraudsters and fraud
managers. This is premised on the ground that Nigeria is in recession and has been recently
described as fantastically corrupt. Understanding the link between fraud and economic
behaviour would give an in depth understanding of fraud levels in the different phases of the
Nigerian economy and would help the fraud management system in Nigeria which is believed to
have great consequences on the nation's economy. Our result shows that though there is a
significant relationship between fraud and business cycle in Nigeria, the level of fraud committed
does not solely depend on either expansion or recession exists in the economy, rather, there is
an identified range of fraud that might be increased in adverse economy.
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Keywords
fraud,, Nigeria, Business cycle, Fraud managers, fraudsters
Citation
Lawal, A.I., Amogu, E.O., Adeoti, J.O., and Ijaiya, M.A., (2017), “Fraud and Business Cycle: Empirical Evidence from Fraudsters and Fraud Managers in Nigeria”. Studies in Business and Economics, 12(1): 110 – 128