• Using your approved topic from Unit 3 (approved topic below) and the research you have been doing throughout the course, write a research paper on finance theory in which you complete the following:
• Analyze concepts, theories, and scholarly perspectives related to your specific finance topic.
• Analyze, synthesize, and evaluate the strengths and weaknesses of research methodologies used by researchers of your topic.
• Consider gaps in the literature with the reality of the global workplace to identify potential topics for future research.
• Assess ethical considerations that might arise within your chosen topic.
Your paper should be concise, balanced, and logically organized and should use proper grammar, punctuation, and mechanics.
Assignment Requirements
Written communication: Written communication is free of errors that detract from the overall message.
APA formatting: Resources, citations, and overall paper should be formatted according to current APA style and formatting.
Number of resources: Use a minimum of 15 peer-reviewed research articles, most of which are no more than five years old. If using articles older than 5 years, there should be a clear rationale for using the older articles.
Length of paper: 15–20 typed, double-spaced pages, not including the cover page, table of contents, abstract, and references pages.
Font and font size: Times New Roman, 12 point.
Topic Selection for Finance Paper
Propose a finance theory research topic that demonstrates attention to current finance scholarship.
Previous research indicates that fraud remains one of the most problematic and prevalent issues for business worldwide. A survey of global economic crime by and PwC, 2009a a PwC, 2009b reported that almost one-third (30%) of all firms had faced economic crime in the past twelve months, and these crimes cause huge losses for business and society (Gullkvist & Jokipii, 2013). The article “Intelligent Financial Fraud Detection: A Comprehensive Review” there was a recommendation made by authors for further research into the differences between each type of financial fraud could lead to a general framework which would greatly improve the accuracy of intelligent detection methods (West & Bhattacharya, 2016-2015).
Provide a clear rationale for the selection of the proposed finance theory research topic.
The United States experienced an increase in corporate scandals in the first part of the twenty-first century. Many business professionals, investment banks, corporations and credit-rating agencies were involved in unethical practices. These unethical practices included greed and financial manipulation. These practices affected the market structure and credit ratings of corporations (Levin & Coburn, 2011). Some of these unethical practices have resulted in major financial losses for investors and other stakeholders. Public companies are especially vulnerable as their investors include the general public who often invested their savings or pensions and who have limited knowledge of how these companies operate. Financial scandals cause major disruptions in the U.S. financial system. This results in an erosion of confidence in the U.S. securities markets, which leads to the unloading of shares and government securities. Ultimately, this resulted in chaos and anarchy for the global economy.
Explain how the bibliography will be developed for the finance theory research project.
Many scholars have done research on this topic. Lokanan (2015), stated that fraud is growing with frequency and severity. He believes that the fraud triangle will be very useful to scholars to fight fraud. But Gbegi & Adebisi (2013), disputed that the fraud triangle alone is not enough to adeguatel prevent fraud. According to Gbegi et al., (2013) the fraud triangle has not been updated for over half century. Fraud is a multifaceted phenomenon, whose contextual factors may not fit into a particular framework. Subsequently, the fraud triangle should not be seen as a suitably dependable model for antifraud professionals Lokanan (2015).
References
Gbegi, D.O., & Adebisi, J.F. (2013). The new fraud diamond model – How can it help forensic
accountants in fraud investigation in Nigeria. European Journal of Accounting, Auditing and Finance Research, 194), 129-138.
Gullkvist, B., & Jokipii, A. (2013). Perceived importance of red flags across fraud types. Critical
Perspectives on Accounting, 24(1), 44-61.
Levin, C. & Coburn, T. A (2011). Wall Street and the financial crisis: anatomy of a financial
collapse. United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Permanent Subcommittee on Investigations.
Lokanan, M.D. (2015). Challenges to the fraud triangle: Questions on its usefulness. Accounting
Forum, 39(3), 201-224.
West, J., & Bhattacharya, M. (2016;2015;). Intelligent financial fraud detection: A
comprehensive review. Computers & Security, 57, 47.
