Money in politics: a recipe for corruption in Malaysia

Abas Azmi, K.S. and Rozaimah, Zainudin (2021) Money in politics: a recipe for corruption in Malaysia. Journal of Financial Crime, 28 (2). pp. 593-606. ISSN 13590790, DOI

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Purpose: This paper aims to investigate how money in politics contributes to corruption in Malaysia. Design/methodology/approach: This study used in-depth semi-structured interviews to collect primary data. The interviews were conducted with two elite groups comprising seven politicians and seven corporate leaders. Data were then analysed using a thematic analysis approach. Findings: The findings indicate how money in politics contributes to corruption in Malaysia. Various types of corruption in the country are identified, namely political donation, bribery and money politics. This study also provides evidence of the underlying factors driving money politics. Practical implications: This paper offers valuable insights to policymakers and enforcement agencies for vigorous prosecution or appropriate sanction against the perpetrators. Especially on the weak regulation of political finance in Malaysia, this paper provides insights into how the weakness is used to manufacture corruption. Originality/value: This paper provides evidence of how money politics cultivate corrupt activities, which are relatively sensitive and controversial by nature. The rarely obtained views from the elite groups provide a significant value to research. © 2020, Emerald Publishing Limited.

Item Type: Article
Funders: Universiti Malaya [Grant No:GPF7i-2018]
Uncontrolled Keywords: Corruption; Elites; Malaysia; Money politics; Political financing
Subjects: H Social Sciences > HG Finance
H Social Sciences > HG Finance > Money
H Social Sciences > HJ Public Finance
Divisions: Faculty of Business and Accountancy
Faculty of Business and Economics > Dept of Finance and Banking
Depositing User: Ms Zaharah Ramly
Date Deposited: 24 Nov 2023 03:57
Last Modified: 24 Nov 2023 03:57

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