Analyzing the impact of white-collar crime on banking sector: A case of commercial banks of Zimbabwe (CBZ)
- Author
- Option Kanyerere
- Title
- Analyzing the impact of white-collar crime on banking sector: A case of commercial banks of Zimbabwe (CBZ)
- Abstract
- Banks in Zimbabwe are hampered in their ability to expand, develop, and remain stable as a result of the high rate of frauds, thefts, defalcations, and forgeries that occur within the banking system. The purpose of this study was to investigate the effect that white-collar crime has on the organizational performance of the commercial banking industry in Zimbabwe, specifically the case of CBZ. The primary goals of the study were to identify the types of white-collar crimes that are common at CBZ and to ascertain the nature of the connection between various types of white-collar crimes and the level of organizational performance at CBZ. The researchers used case study method, which proved to be an appropriate strategy for explaining the causal connection between the many factors that were investigated. The research was carried out on 99 people who have participated in the CBZ branches in Harare by means of a questionnaire. There was a substantial connection between white-collar crimes and the performance of CBZ bank, as indicated by the findings of the study, which produced a coefficient of determination (R-squared) of 57.4%. This was determined by examining the correlation between the two variables. A regression analysis showed that there was a negative association between white collar crime and the organizational performance of CBZ, with a one-unit increase in white collar crime leading in a 29.2% increase in the second variable performance as a direct outcome of the relationship. According to the findings of the study, a number of contributing factors were responsible for the occurrence of white-collar crimes at CBZ. A lack of desire toward employment, greed, the excuse that others are also engaging in such activities, and gaps in the security of the banking system were among these factors.
- Date
- June 2023
- Publisher
- BUSE
- Keywords
- Commercial Banks of Zimbabwe (CBZ)
- White-Collar Crimes
- Supervisor
- N/A
- Media
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Option Kanyerere.pdf