Proceeding of the International Conference on Law and Human Rights
Vol. 2 No. 1 (2025): June : Proceeding of the International Conference on Law and Human Rights

White-Collar Crime Prevention Through Corporate Governance Mechanisms: Evidence from Emerging Markets

Muh Fadli Faisal Rasyid (Unknown)



Article Info

Publish Date
30 Jun 2025

Abstract

White-collar crime poses significant threats to corporate integrity and economic stability, particularly in emerging markets where governance structures may be less developed. This study examines the effectiveness of corporate governance mechanisms in preventing white-collar crime in emerging market contexts. Using a mixed-methods approach combining quantitative analysis of 240 publicly listed companies across five emerging markets and qualitative case study analysis of 25 corporate fraud cases, this research evaluates the relationship between governance mechanisms and crime prevention effectiveness. The study reveals that strong board independence (β = -0.312, p < 0.001), robust internal audit functions (β = -0.267, p < 0.01), and comprehensive compliance programs (β = -0.298, p < 0.001) significantly reduce white-collar crime incidence. Companies with comprehensive governance frameworks show 58% lower fraud rates compared to those with weak governance structures. The research concludes that emerging markets can significantly reduce white-collar crime through strategic implementation of governance mechanisms, particularly emphasizing board independence, internal controls strengthening, and compliance culture development.

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Journal Info

Abbrev

ICLEHR

Publisher

Subject

Law, Crime, Criminology & Criminal Justice

Description

Proceeding of the International Conference on Law and Human Rights, Its a collection of scientific papers or articles that have been presented at the National Research Conference which is held regularly every year by the Asosiasi Peneliti dan Pengajar Ilmu Hukum Indonesia.The topic of the paper ...