The impact of white-collar crime on business performance. A case study of TM Pick n Pay Bindura for the period 2018-2022
- Author
- Matigimu, Simbarashe
- Title
- The impact of white-collar crime on business performance. A case study of TM Pick n Pay Bindura for the period 2018-2022
- Abstract
- White collar crime is a disease that is spreading at an alarming rate globally. While the numbers of white-collar crime increase, the impact it leaves behind down the line is astonishingly high after their ripple effect. This research investigates the impact of white-collar crime on business performance, exploring the consequences of such criminal activities. A descriptive research methodology was used in this study, combining both qualitative and quantitative data. Questionnaires and personal interviews were distributed and conducted to a sample of 24 individuals out of 40 TM Pick n Pay Bindura branch employees. Stratified random and purposive sampling methods were used to select respondents from the TM Pick n Pay Bindura branch. Findings revealed that fraud, corruption, bribery and embezzlement are the major types of white-collar crime prevalent at TM Pick n Pay Bindura. The study also found that white collar crime crimes negatively affect a business's operation as they result in financial losses, reputational damage, job loss, unfair competition, erosion of trust and increased regulatory scrutiny. Majority of the employees agreed that measures set up by TM Pick n Pay Bindura branch management in fighting white collar crime were ineffective. The study recommends whistleblowing, regular audits, strong internal control mechanisms and severe penalties and prosecution as the major strategies to deal with white-collar crime at TM Pick n Pay Bindura. This research contributes to the existing literature by providing a comprehensive understanding of the consequences of white-collar crime on business performance, informing practices aimed at preventing and addressing this pervasive issue.
- Date
- JUNE 2024
- Publisher
- BUSE
- Keywords
- white-collar crime, TM Pick n Pay Bindura, Case study, Zimbabwe
- Supervisor
- Ms. Chitiyo
- Media
-
Simbarashe Matigimu.pdf