Bankruptcy Fraud ; What factors indicate an increased risk of bankruptcy fraud?

Geldrop, Alex J. van (2011) Bankruptcy Fraud ; What factors indicate an increased risk of bankruptcy fraud?

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Abstract:The past years bankruptcy filings are higher than ever1. According to Knegt, Beukelman, Popma, van Willigenburg and Zaal (2005) bankruptcy fraud is present in 25% of all bankruptcy cases in the Netherlands. Damages are estimated as high as €1.500.000 per year (Veldkamp & de Vries, 2008). This paper attempts to find variables that correlate with bankruptcy fraud. Data was collected in collaboration with the Public Prosecution Office. Eleven datasets are used. The largest of these consists out of 1121 companies and the smallest one out of 194 companies. A correlation with bankruptcy fraud is found with the number of changes in management the six months prior to bankruptcy and with the number of financial antecedents that have been committed by the owner(s). There is also a strong correlation between registration in internal registers and the suspicion of fraud. There was no significant correlation between personality traits and bankruptcy fraud. An interesting topic for further research is the difference between the offender that commits fraud within the bankruptcy and the offender that purposefully commits bankruptcy fraud.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:77 psychology
Programme:Psychology BSc (56604)
Link to this item:http://purl.utwente.nl/essays/60938
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