The Influence of organizational culture and values in financial crimes prevention among technological multinational organizations in Kenya
Date
2024
Authors
Wambura, J. C.
Journal Title
Journal ISSN
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Publisher
Strathmore University
Abstract
The unique cultural and regulatory obstacles that multinational technology businesses operating in Kenya encounter may have an impact on their vulnerability to financial crimes. Comprehending these distinct elements may facilitate the creation of more potent preventative measures. This study examined the influence of corporate culture and values on financial crime prevention in technology multinational organizations (TMOs) in Kenya. The specific objectives were: firstly, to determine the influence of organizational culture and values on financial crime prevention in technology multinational companies; secondly, to determine how dominant company values and culture influence financial crime prevention amongst those technology multinational companies; thirdly, to determine how the predominant culture of the TMO can be promoted amongst the workforce to assist financial crime prevention within the technology multinational companies and fourthly, to assess the moderating effect of corporate governance on the relationship between corporate culture, values and financial crime prevention. The study was supported by three theories: Compliance Theory, Rational Choice Theory, and the Theory of Convenience. The study employed a descriptive research design where the target population was made up of employees from across the three TMOs (Google, Microsoft, and Oracle) operating in Kenya. The study employed the purposive sampling technique to select 18 participants as the sample size. Qualitative data was collected through interview protocol, with the data being collected in January 2024. Qualitative data was analyzed using thematic analysis. The study’s findings showed that corporate culture and corporate values influenced financial crime prevention at TMOs operating in Kenya. Also, corporate governance had a moderating effect on the relationship between the independent and dependent variables. Financial crime prevention is positively impacted by a number of elements of corporate culture, which entails giving employees a voice, long-term vision, raising the level of communication transparency, social responsibility and corporate values such as maintaining high ethical standards. The study's results inform the development of best practices and policies for financial crime prevention in technology multinational firms in Kenya and can be used to evaluate the effectiveness of existing policies and regulations in the country.
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Citation
Wambura, J. C. (2024). The Influence of organizational culture and values in financial crimes prevention among technological multinational organizations in Kenya [Strathmore University]. http://hdl.handle.net/11071/15572