재정위기: 부패의 인과관계를 중심으로

Abstract

The main theme of this article is to analyze the causal relationship between financial crisis and corruption. To a great extent, It must be noted that political, social, and economic corruption can induce financial crisis. The formations of financial corruption are norm-deviated, power-related, covert and informal which can be regarded as a systemic corruption. Inadequate corporate governance including poor financial management standard and inadequate external supervision can contribute to a financial crisis. The establishment of financial institution based on accountability and transparency is significant to prevent financial corruption and promote constant economic growth. The development of efficient and non-corrupt financial system is a prerequisite of reducing the risk of financial crisis