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In the Quest of Protecting Financial Investors

Author

Listed:
  • Solomon Aborbie
  • Peter Anthony
  • Elliot Masocha

Abstract

Financial investors remain exposed to investment, financial, and accounting fraud as well as loss of profitability, despite the dictates of the SOX Act of 2002. The most challenging aspect of corporate management is the unexpected nature of an emerging, existing, or an inherent investment or financial risk. Guided by the evolution of fraud theory, this exploratory case study's purpose was to identify and explore the financial management strategies that corporate financial managers need to adequately protect investors. Twenty participants from a population group of corporate auditors of Fortune 1000 corporations provided input for this study. Data from the interviews were analyzed through coding, reviewing, categorizing, and combining common statements. The research findings included themes of knowledge and types of risks; the impact of financial fraud and risks on investment; the impact of accounting, auditing, and financial reporting standards; as well as financial management training to minimize audit expectations. These themes formed the focus of exploring the financial management strategies that corporate financial managers need to adequately protect investors and investments.

Suggested Citation

  • Solomon Aborbie & Peter Anthony & Elliot Masocha, 2019. "In the Quest of Protecting Financial Investors," Business and Economic Research, Macrothink Institute, vol. 9(4), pages 117-127, December.
    • Handle: RePEc:mth:ber888:v:9:y:2019:i:4:p:117-127
    as

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    File URL: http://www.macrothink.org/journal/index.php/ber/article/view/15507/12306
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    File URL: http://www.macrothink.org/journal/index.php/ber/article/view/15507
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    References listed on IDEAS

    as
    1. Frankel, Tamar, 2012. "The Ponzi Scheme Puzzle: A History and Analysis of Con Artists and Victims," OUP Catalogue, Oxford University Press, number 9780199926619.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Affinity fraud; Financial fraud; Fraudulent channels; Neurofinance;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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