Financial fiascos: 'the short-memory syndrome'?
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Financial fiascos or commonly termed as scandals refer to the various kinds of frauds, scams, swindles, breaches of trust, or other wrongdoing in the corporate sector which results in huge financial losses. The greed for wealth coupled with the opportunities in a new complex financial and banking environment and the use of modern technolgy in financial transactions have mad the financial sector more vulnerable to scandals than any other sector of the economy.
Financial fiascos , Scandals , Financial losses , Financial economy , Foreign financial scandals , Malaysia
Muhamad Sori, Zulkarnain and Ramadili Mohd, Shamsher Mohamad. (2012). Financial fiascos: 'the short-memory syndrome'? In Zulkarnain Muhamad Sori, Ridzwana Mohd Said, Mazrah Malek and Rosmila Senik (Eds.), Corporate governance practices in Malaysia (pp. 63-79). Serdang, Selangor: UPM Press.