AICOS
Vol. 2 No. 2 (2025): AICOS: Asian Journal Of Islamic Economic Studies

THE EFFECT OF ECONOMIC RECESSION ON FINANCIAL PERFORMANCE: LITERATURE REVIEW

Rusfa, Dilla Dwi Rahmatin (Unknown)
Afrizal, Afrizal (Unknown)
Rahayu, Sri (Unknown)
Lubis, Tona Aurora (Unknown)



Article Info

Publish Date
13 Oct 2025

Abstract

what factors trigger economic recession actions on financial performance, and what factors can influence economic recession on financial performance. From the results of this Review, a literature review approach was carried out with a systematic mapping study method from various sources such as journals and books. The results of this review found various factors causing financial recession actions, the factors are rationalization, incentives, abilities, arrogance, collusion, needs, lifestyle , exposure, integrity, irreligion, systemic wealth inequality, significant distance between leaders and subordinates. The tendency of financial recession can be minimized by implementing generic aspects such as building integrity (equaling and strengthening noble character), creating exemplary leadership, minimizing opportunities, developing a good internal control system, developing recession prevention policies and systems, developing monitoring systems, hotlines, and whistle blowing systems, developing reward and punishment systems, and implementing a healthy economy, and creating a balance of power.

Copyrights © 2025






Journal Info

Abbrev

acs

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

AICOS: Asian Journal of Islamic Economics Studies ISSN 3032-7156 is a peer-reviewed journal and scientific journal published by Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Negeri Kerinci. Authors should submit only papers that have been carefully proofread and polished. Before submission, ...