Whistleblowing Disclosure of the Banking Sector
DOI:
https://doi.org/10.53512/valid.v20i1.259Abstract
The purpose of this study is to describe the disclosure of the whistleblowing system (WBS) in public banks listed on the Indonesia Stock Exchange. Content analysis is carried out on information related to the disclosure of the whistleblowing system in the 2018-2020 bank annual report. The banking sector has deployed a rising number of whistleblowing systems (WBS) over the past three years, from 2018 to 2020, according to the study's findings. Disclosure of the WBS Whistle in the banking sector can be classified into domains: bank commitments to the implementation of WBS, the mechanism for reporting violations and types of violations reported, protecting the whistleblower's confidentiality, and investigating and evaluating the effectiveness of the WBS. The results of this study imply that the Bank's whistleblowing system policy is a governance mechanism as an early warning signal to detect indications of violations, alleged ethical irregularities and fraud.
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Yakubu, S., & Dikwa, M. K. (2020). Combatting economic crimes in Nigeria through whistleblowing: a shift from policy to legal framework. Journal of Money Laundering Control, 23(4), 819–832. https://doi.org/10.1108/JMLC-04-2020-0040
Association of Certified Fraud Examiners. (2020). Report to the Nations on Occupational Fraud and Abuse: 2020 Global Fraud Study. In Association of Certified Fraud Examiners, Inc. https://www.acfe.com/report-to-the-nations/2020/
Baljija, S. K., & Rustemi, A. (2021). Measuring Whistleblowing Perceptions among the Civil Service of the Republic of Kosovo. NISPAcee Journal of Public Administration and Policy, 14(2), 135–159. https://doi.org/10.2478/nispa-2021-0018
Erin, O., & Bamigboye, O. A. (2020). Does whistleblowing framework influence earnings management? An empirical investigation. International Journal of Disclosure and Governance, 17(2–3), 111–122. https://doi.org/10.1057/s41310-020-00078-x
Hardika, A. L., Mar’atus, D., & Lubis, S. (2021). Fraud Prevention Measures at PT. Bank BJB, Bandung City. Turkish Journal of Computer and Mathematics Education, 12(9), 118–122. www.kejati-jabar.go.id
Kementerian BUMN. (2015). Regulation of the Minister of State-Owned Enterprises Number : PER - 13 /MBU/ 10 /2015 Guidelines for the Management of Alleged Violation Reporting Systems in the Ministry of State-Owned Enterprises.
Kenny, K., & Bushnell, A. (2020). How to Whistle-Blow: Dissensus and Demand. Journal of Business Ethics, 164(4), 643–656. https://doi.org/10.1007/s10551-019-04401-7
Latan, H., Chiappetta Jabbour, C. J., & Lopes de Sousa Jabbour, A. B. (2021). To Blow or Not to Blow the Whistle: The Role of Rationalization in the Perceived Seriousness of Threats and Wrongdoing. Journal of Business Ethics, 169(3), 517–535. https://doi.org/10.1007/s10551-019-04287-5
Mohd, M. F., Yusoff, W. S., & Basnan, N. (2019). Whistleblowing disclosure policy and cost of equity in ASEAN 5 publicly listed companies: A new establishment of regional whistleblowing disclosure scoring index. Jurnal Pengurusan, 55, 125–133. https://doi.org/10.17576/pengurusan-2019-55-10
Nayır, D. Z., Rehg, M. T., & Asa, Y. (2018). Influence of Ethical Position on Whistleblowing Behaviour: Do Preferred Channels in Private and Public Sectors Differ? Journal of Business Ethics, 149(1), 147–167. https://doi.org/10.1007/s10551-016-3035-8
Nobanee, H., Atayah, O. F., & Alshater, M. M. (2021). A Disclosure Index To Measure The Extent Of Anti-Fraud Reporting In Banks. Journal of Legal, Ethical and Regulatory Issues, 24(Special Issue 1), 1–14.
Nurhidayat, I., & Kusumasari, B. (2017). Revisiting Understanding of The Whistleblowing Concept In The Context of Indonesia. Policy & Governance Review, 1(3), 165. https://doi.org/10.30589/pgr.v1i3.54
Otoritas Jasa Keuangan. (2019). Regulation of the Financial Services Authority of the Republic of Indonesia Number 39/POJK.03/2019: the Implementation of Anti-Fraud Strategy for Commercial Banks. https://www.ojk.go.id/id/regulasi/Pages/Penerapan-Strategi-Anti-Fraud-Bagi-Bank-Umum.aspx
Park, H., Vandekerckhove, W., Lee, J., & Jeong, J. (2020). Laddered Motivations of External Whistleblowers: The Truth About Attributes, Consequences, and Values. Journal of Business Ethics, 165(4), 565–578. https://doi.org/10.1007/s10551-018-4082-0
Pittroff, E. (2014). Whistle-Blowing Systems and Legitimacy Theory: A Study of the Motivation to Implement Whistle-Blowing Systems in German Organizations. Journal of Business Ethics, 124(3), 399–412. https://doi.org/10.1007/s10551-013-1880-2
Repousis, S., Lois, P., & Veli, V. (2019). An investigation of the fraud risk and fraud scheme methods in Greek commercial banks. Journal of Money Laundering Control, 22(1), 53–61. https://doi.org/10.1108/JMLC-11-2017-0065
Tworek, A. S.-. (2020). Whistleblowing as a Mechanism of Fraud Risk Management in Economic Practice. Financial Internet Quarterly, 16(3), 96–105. https://doi.org/10.2478/fiqf
Verschuuren, P. (2021). Assessing the whistleblowing policies of international sport organisations. Sport, Business and Management: An International Journal, 11(4), 405–429. https://doi.org/10.1108/SBM-05-2020-0040
Yakubu, S., & Dikwa, M. K. (2020). Combatting economic crimes in Nigeria through whistleblowing: a shift from policy to legal framework. Journal of Money Laundering Control, 23(4), 819–832. https://doi.org/10.1108/JMLC-04-2020-0040
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Published
2022-12-30
How to Cite
Handajani, L., Muhsyaf, S. A., & Sokarina, A. (2022). Whistleblowing Disclosure of the Banking Sector. Valid: Jurnal Ilmiah, 20(1), 22–32. https://doi.org/10.53512/valid.v20i1.259
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