ISSN 2394-5125
 

Review Article 


IDENTIFICATION AND RANKING OF THE RISK FACTORS AFFECTING THE PROBABILITY OF OCCURRENCE OF FRAUD IN BANKS (A CASE STUDY: AN IRANIAN BANK)

Amirsalar Raisi Nafchi,Mohsen Dastgir.

Abstract
Banks and financial institutes are seriously seeking to expedite the identification of the effective risk factors influencing the probability of occurrence of fraud due to its direct impacts on these institutes' provision of customer services, reduction in the operational costs, as well as its survival in the market as a credible and reliable provider of financial services. Thus the purpose of the present study is to identify and rank the risk factors affecting fraud at Resalat Banks of Isfahan Province. This is an applied study in terms of purpose and it is a descriptive-survey study in method. The required data were collected using Delphi questionnaire in the period 2016-2017. The statistical population of the study consists of is comprised of 70 experts working at Resalat Banks of Isfahan Province. The data of the study were analyzed through structural equations modeling using Smart PLS 2. The technical characteristics of the questionnaire including reliability and validity were examined in the measurement model, and the required modifications were made, and the structural coefficients of model were employed to examine the research hypotheses. Also, Friedman test was employed to rank the fraud risk factors. The findings of the research show that the factors of " Financial instability ", "liquidity", "the managers not following the internal controls and mandatory standards " and "Internal security threats" have been effective in fraud; also, the results showed, in ranking the factors, that the main reason for fraud is "Internal security threats" and " Financial instability " were ranked as the last priority.

Key words: financial fraud, Delphi method, fraud risk factors, ranking.


 
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How to Cite this Article
Pubmed Style

Amirsalar Raisi Nafchi ,Mohsen Dastgir. IDENTIFICATION AND RANKING OF THE RISK FACTORS AFFECTING THE PROBABILITY OF OCCURRENCE OF FRAUD IN BANKS (A CASE STUDY: AN IRANIAN BANK). JCR. 2020; 7(2): 193-203. doi:10.31838/jcr.07.02.36


Web Style

Amirsalar Raisi Nafchi ,Mohsen Dastgir. IDENTIFICATION AND RANKING OF THE RISK FACTORS AFFECTING THE PROBABILITY OF OCCURRENCE OF FRAUD IN BANKS (A CASE STUDY: AN IRANIAN BANK). http://www.jcreview.com/?mno=86523 [Access: September 15, 2020]. doi:10.31838/jcr.07.02.36


AMA (American Medical Association) Style

Amirsalar Raisi Nafchi ,Mohsen Dastgir. IDENTIFICATION AND RANKING OF THE RISK FACTORS AFFECTING THE PROBABILITY OF OCCURRENCE OF FRAUD IN BANKS (A CASE STUDY: AN IRANIAN BANK). JCR. 2020; 7(2): 193-203. doi:10.31838/jcr.07.02.36



Vancouver/ICMJE Style

Amirsalar Raisi Nafchi ,Mohsen Dastgir. IDENTIFICATION AND RANKING OF THE RISK FACTORS AFFECTING THE PROBABILITY OF OCCURRENCE OF FRAUD IN BANKS (A CASE STUDY: AN IRANIAN BANK). JCR. (2020), [cited September 15, 2020]; 7(2): 193-203. doi:10.31838/jcr.07.02.36



Harvard Style

Amirsalar Raisi Nafchi ,Mohsen Dastgir (2020) IDENTIFICATION AND RANKING OF THE RISK FACTORS AFFECTING THE PROBABILITY OF OCCURRENCE OF FRAUD IN BANKS (A CASE STUDY: AN IRANIAN BANK). JCR, 7 (2), 193-203. doi:10.31838/jcr.07.02.36



Turabian Style

Amirsalar Raisi Nafchi ,Mohsen Dastgir. 2020. IDENTIFICATION AND RANKING OF THE RISK FACTORS AFFECTING THE PROBABILITY OF OCCURRENCE OF FRAUD IN BANKS (A CASE STUDY: AN IRANIAN BANK). Journal of Critical Reviews, 7 (2), 193-203. doi:10.31838/jcr.07.02.36



Chicago Style

Amirsalar Raisi Nafchi ,Mohsen Dastgir. "IDENTIFICATION AND RANKING OF THE RISK FACTORS AFFECTING THE PROBABILITY OF OCCURRENCE OF FRAUD IN BANKS (A CASE STUDY: AN IRANIAN BANK)." Journal of Critical Reviews 7 (2020), 193-203. doi:10.31838/jcr.07.02.36



MLA (The Modern Language Association) Style

Amirsalar Raisi Nafchi ,Mohsen Dastgir. "IDENTIFICATION AND RANKING OF THE RISK FACTORS AFFECTING THE PROBABILITY OF OCCURRENCE OF FRAUD IN BANKS (A CASE STUDY: AN IRANIAN BANK)." Journal of Critical Reviews 7.2 (2020), 193-203. Print. doi:10.31838/jcr.07.02.36



APA (American Psychological Association) Style

Amirsalar Raisi Nafchi ,Mohsen Dastgir (2020) IDENTIFICATION AND RANKING OF THE RISK FACTORS AFFECTING THE PROBABILITY OF OCCURRENCE OF FRAUD IN BANKS (A CASE STUDY: AN IRANIAN BANK). Journal of Critical Reviews, 7 (2), 193-203. doi:10.31838/jcr.07.02.36