Loan Scams and Corporate Governance Failure in the State-owned Banks of a Developing Country

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aut.relation.endpage58
aut.relation.issue1en_NZ
aut.relation.journalCorporate Ownership and Controlen_NZ
aut.relation.startpage46
aut.relation.volume20en_NZ
aut.researcherAhmed, Zahir
dc.contributor.authorAhmed, Zen_NZ
dc.contributor.authorBegum, Sen_NZ
dc.contributor.authorIslam, Ken_NZ
dc.contributor.authorKamal, Yen_NZ
dc.date.accessioned2022-11-14T23:17:19Z
dc.date.available2022-11-14T23:17:19Z
dc.date.copyright2022en_NZ
dc.date.issued2022en_NZ
dc.description.abstractThe corporate world has witnessed significant corporate governance failures during the last two decades. Although most of these collapses happened in the context of developed countries, the cases within developing counties were not negligible. Yet, there is limited research on corporate governance failures that occurred in developing countries. In this study, we attempted to unfold the underlying reasons for corporate governance failures in the banking sector in a developing country. We collected data from media reports published in local and international media about the loan scandals that happened in Bangladesh between 2008 and 2020. We analyzed over ninety-four media reports to understand the significant factors contributing to such corporate governance failures. We applied the “control fraud theory” to interpret our findings. We have found that weak regulatory framework, political influence, lack of oversight by the corporate regulatory bodies, and personal collusion of bank personnel are the major factors that lead to corporate governance failures in Bangladesh. Our results suggest stern measures to be taken by the regulatory bodies to reduce loan scams and corporate governance failures in the future.
dc.identifier.citationCorporate Ownership & Control, 20(1), 46–58. https://doi.org/10.22495/cocv20i1art4
dc.identifier.doi10.22495/cocv20i1art4en_NZ
dc.identifier.issn1727-9232en_NZ
dc.identifier.urihttps://hdl.handle.net/10292/15613
dc.publisherVirtus Interpressen_NZ
dc.relation.urihttps://virtusinterpress.org/Loan-scams-and-corporate-governance-failure-in-the-state-owned-banks-of-a-developing-country.html
dc.rightsCopyright © 2022 The Authors. This work is licensed under a Creative Commons Attribution 4.0 International License (CC BY 4.0). https://creativecommons.org/licenses/by/4.0/
dc.rights.accessrightsOpenAccessen_NZ
dc.subjectCorporate Governance; Developing Country; Control Fraud Theory; Media Reports; Loan Scams; Bangladesh
dc.titleLoan Scams and Corporate Governance Failure in the State-owned Banks of a Developing Countryen_NZ
dc.typeJournal Article
pubs.elements-id482991
pubs.organisational-data/AUT
pubs.organisational-data/AUT/Faculty of Business, Economics and Law
pubs.organisational-data/AUT/Faculty of Business, Economics and Law/School of Business
pubs.organisational-data/AUT/Faculty of Business, Economics and Law/School of Business/Accounting Department
pubs.organisational-data/AUT/zBusiness School Accreditation
pubs.organisational-data/AUT/zBusiness School Accreditation/2020
pubs.organisational-data/AUT/zManual Groups
pubs.organisational-data/AUT/zManual Groups/BEL Academ Groups
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