Youth awareness on financial fraud in Malaysia.

Yong, Edmund Jung Lin (2023) Youth awareness on financial fraud in Malaysia. Final Year Project, UTAR.

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Abstract

The resource-based theory is used in this study to find the main factors (financial literacy, perception of internal control, security concern, ethical leadership, and fraud prevention initiatives) that can affect the youth financial fraud awareness level. The MOA theory was used in this study because it has been used in other studies to look at financial fraud awareness level. Besides that, this study is built on real-world data from surveys sent to 200 young people in Malaysia who are dealing with financial scams. To look at the data, the multiple linear regression test is used. So, the findings show that financial literacy (FL), perception of internal control (POIC), security concern (SC), ethical leadership (EL), and fraud prevention initiatives(FPI) all play a part in the link between youth financial fraud awareness level. As expected, ethical leadership (EL) has not backed the link between youth financial fraud awareness level. These results can help society learn more about what factors affect youth financial fraud awareness level.

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