Browsing by Author "Koomson, T.A.A."
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Item Determinants of asset misappropriation at the workplace: the moderating role of perceived strength of internal controls(Journal of Financial Crime, 2020-06-10) Koomson, T.A.A.; Owusu, G.M.Y.; Bekoe, R.A.; Oquaye, M.Purpose – This paper aims to investigate the prevalence of asset misappropriation at the workplace and examines the dominant factors that influence individuals to misappropriate assets at the workplace. Relying on the most recent theory on fraud (the stimulus/pressure, capability, opportunity, rationalization and ego (S. C.O.R.E. model) as the theoretical basis, the study examines the effect of pressure, rationalization, capability, opportunity/strength of internal control system and ego on asset misappropriation at the workplace while controlling for the effect of ethical values. Design/methodology/approach – A total of 883 valid responses from individuals working in various organizations in Ghana were collected by means of a self-administered questionnaire. The hypothesized relationships of the study were tested by means of a structural model analysis using the partial least square based structural equation modelling technique. Findings – Results from the structural model analysis demonstrate that individuals misappropriate assets at their workplace due to pressures they face, their ability to rationalize their actions as not wrong, their capabilities and their egos. The results, however, indicate that the extent to which an individual will misappropriate asset depends, to a large extent, on the person’s perception of the strength of internal control mechanisms at the workplace. The findings of the study make significant contributions to the fraud discourse. Originality/value – Theoretically, the study is among the first to provide empirical support for the applicability of the S.C.O.R.E. model in the fraud literature. Again, this study extends knowledge on occupational fraud literature by examining an area that has received the least research attention: asset misappropriation. The study also highlights the important role of internal controls in reducing the occurrence of asset misappropriation at the workplace.Item The effect of personality traits and tax morale on tax evasion intention(Journal of Financial Crime, 2022) Owusu, G.M.Y.; Bart-Plange, M.; Koomson, T.A.A.; Arthur, M.Purpose: This paper aims to explore the relationship among personality traits, tax morale and tax evasion intention of students. Using the five-factor model of personality ratings, this study hypothesizes that agreeableness, openness to experience, conscientiousness, extraversion and neuroticism are good predictors of both tax morale and tax evasion intentions of individuals. Further, this paper argues that tax morale correlates negatively with tax evasion intention. Design/methodology/approach – A survey method was adopted and questionnaires were developed to elicit responses for the study. The study hypotheses were tested structurally using the partial least squares structural equation modelling technique. Findings: The results of the study demonstrate the existence of a positive and statistically significant relationship between three dimensions of the personality traits (agreeableness, conscientiousness and openness to experience) and tax morale. Consistent with expectations, the study also finds tax morale to be significant and negatively associated with tax evasion intention. Research limitations and implications: This study concludes from the findings that improving the tax morale of individuals could be an important way by which tax authorities can improve voluntary tax compliance and reduce the incidence of tax evasion by individuals. Originality/value: The study uses all the dimensions of the five-factor model to examine tax evasion intention of individuals. It also contributes to the theoretical literature by highlighting the mediating role of tax morale in the relationship between personality traits and tax evasion intention from an African perspective.Item Examining the predictors of fraud in state-owned enterprises: an application of the fraud triangle theory(Journal of Money Laundering Control, 2022) Owusu, G.M.Y.; Koomson, T.A.A.; Alipoe, S.A.; Kani, Y.A.Purpose: This paper aims to investigate the views of employees on the motives behind frequently reported fraudulent activities at the workplace. Using the fraud triangle theory (FTT) as the theoretical lens, the study examines the effect of pressure, opportunity and rationalization on fraudulent acts by employees at the workplace. Design/methodology/approach – The study follows a correlational-quantitative approach using questionnaires as the main data collection tool. A total of 243 valid responses from employees working in different state-owned enterprises in Ghana were used in the empirical analysis. The hypothesized relationships in the study were tested using the partial least squares structural equation modelling technique. Findings: The results from the structural analysis showed that pressure, rationalization and opportunity are important in explaining why employees engage in fraudulent activities at the workplace. Originality/value: The findings do not only provide empirical support for the applicability of the FTT in the Ghanaian context but most importantly, offer some useful insights into the fraud discourse from the public sector workers’ perspective.Item The nexus amongst financial literacy, financial behaviour and financial well-being of professional footballers in Ghana(Managing Sport and Leisure, 2023) Owusu, G.M.Y.; Koomson, T.A.A.; Boateng, A. A.; Donkor, G.N.A.Purpose: This paper examines the financial literacy, financial behaviour, and financial well-being of professional footballers in Ghana, and the interrelationships amongst these constructs. Methodology: A cross-sectional survey was conducted using 300 professional footballers from the Ghana Premiere League and the hypothesized relationships were tested using the partial least squares, structural equation modelling technique. Findings: The results indicate low levels of financial literacy, and poor financial behaviour among footballers. The results suggest that to promote responsible financial behaviour amongst footballers, enhancing their financial literacy is key. We find very strong support for the argument that responsible financial behaviour, proxied in this study by savings and investment behaviour, is key to attaining financial wellness in life. Practical Implications: The findings suggest that targeted policy initiatives aimed at enhancing the financial well-being of footballers should begin with investing in training programmes to make them financially literate. In addition, practical financial guidance should be given to footballers to help shape their financial behaviour. Contribution: Prior studies on financial literacy, financial behaviour, and financial well-being have focused predominantly on professionals with industrial jobs. This paper extends knowledge in the field with some new insights from professional footballers