Volume Issues in Journal of Human Resource Management (NRJHRM) | Peer reviewed journal

Paper Title:: GROWTH AND DEVELOPMENT OF MSME’S IN INDIA: AN EMPIRICAL STUDY
Author Name:: Rajashekhara R
Country:: India
Page No.:: 1-12

Paper Title:: A CRITICAL ANALYSIS OF THE ROLE OF SEBI IN CORPORATE GOVERNANCE
Author Name:: Premakumara G.S.
Country:: India
Page No.:: 13-24

Author: Premakumara G.S.

Corporate frauds or financial crimes or financial frauds can be classified as white-collar crimes, which represent the illegal acts that are characterized by deceit, concealment or violation of trust. The fraudulent exercises practiced by Enron, WorldCom and Martha Steward shook the world. Of these scandals, the Enron accounting scandal was the most infamous one.There were similar allegations against the WorldCom Company, whose CEO Bernard Ebbers hid an expenditure of $11 bn; later this led the company to bankruptcy. Frauds have occurred in almost every country in the world, in almost every sector, including banking, insurance, telecom, automobile industry, health, and the list is endless. The growing focus on cross-border expansion, high levels of growth with internal processes not keeping pace and large number of new employees joining the organization are making most companies vulnerable to greater fraud risk in recent times.The IT hackers and fraudsters can pose a significant threat of a financial crime. Cyber-crimes, economic crimes, ethical crimes, falsification of accounts by showing inflated profits, breach of fiduciary duty, breach of confidential information, non- disclosure of material facts etc. are causing enormous harm to the rights and interests or the society. Every such corporate fraud is a heinous crime against humanity, as it adversely affects and ruins the fortunes of large segments of innocent people. There are several adverse consequences of financial crimes. It can bring institutions down to closure and can cause employees loss of their livelihood and investors their life savings. In fact, the fraud is not as accounting problem rather it is a social phenomenon. If you strip economic crime of its multitudinous variations, these are three ways a victim can be unlawfully separated from money: by force, stealth or trickery. While the first two are on the wane, the third.All the financial crimes, scandals and others have led to an increased focus on the development of new initiatives in ethical behavior, regulatory frame work, IT security, etc. Centralized regulatory authority, vigilant check by the stock exchanges at the time of abnormal rise in prices, strict actions with heavy penalties, fixing the responsibilities of chartered account as well as auditors to furnish true and fair position of the company to investors, strictly ban on the insider trading etc. only then the stock market can respect the sentiments of innocent investors which in turn helpful in enhancing the confidence among the investors not only in India but all over the world towards the Indian stock market.

Paper Title:: GROWTH AND ECONOMIC PERFORMANCE OF SHGS IN INDIA – A CASE STUDY ON DAKSHINA KANNADA DISTRICT
Author Name:: Venkatesha Prasanna. P.K
Country:: India
Page No.:: 25-39

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