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Asset Misappropriation Tendency: Fraud Triangle and Social Learning Theory Perspective

Hasni Yusrianti, Imam Ghozali, Etna Nur Afri Yuyetta


Abstract. Fraud has complex and multidimensional aspects and it occurs not only because of individual factors, but also situational or contextual factors. As one type of fraud, Asset misappropriation shows a number of cases and high percentage loss but it has limited academic study. Based on Fraud Triangle and Social Learning Theory perspective, this study aims to analyze the influence of Peer influence, Opportunity, Rationalization, and Financial Pressure on Assets misappropriation tendency and to analyze the mediation effect of Peer Influence and Opportunity between Rationalization and Financial pressure on Asset misappropriation tendency. Primary Data was used using questionnaires with Purposive Sampling Method. Sample criterions are; (1) Indonesian government employees that worked in cities and regencies that got Non-WTP opinion from BPK RI; (2) worked in financial, equipment/logistics, general services field; and (3) has been worked more than 2 years. The data collected using direct surveys; post mail, and online surveys. A number of respondents used were 371 respondents. This study was analyzed using Structural Equation Model (SEM) with covariance-based AMOS. The result showed that Rationalization, Financial pressure, Peer influence, and Opportunity have a positive significant effect on Asset misappropriation tendency. Peer influence and Opportunity mediated the relationship between Rationalizations on Asset Misappropriation tendency; however, the opportunity did not mediate the relationship between Financial Pressure on Asset misappropriation tendency. The Study supports the Fraud Triangle and Social Learning Theory.

Keyword; Asset Misappropriation, Peer Influence, Social Learning Theory, Fraud Triangle
JEL Classification Code : M4

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