Office bankers are five times more likely to cheat than homeworkers
Among professional traders who trade stocks and bonds at banks, office traders were found to be five times more likely to commit fraud than those who worked from home.
Work-from-Home and the Risk of Securities Misconduct by Douglas J. Cumming, Chris Firth, John Gathergood, Neil Stewart :: SSRN
Bankers are better behaved at home than in the office
https://www.axios.com/2023/05/20/work-from-home-banking-financial-misconduct
In response to the global pandemic of the new coronavirus infection, many companies have made their employees work from home or introduced hybrid work combined with office work. Workers are beginning to accept new ways of working that are freed from crowded trains and traffic jams during commuting, and more than 75% of people answered an attitude survey that they would like to continue working from home even after the end of the new coronavirus. , I know that there are many people who think, 'I don't mind if my salary is reduced a little if I can continue working remotely.'
Survey results that people think that ``wage cuts are unavoidable'' to continue remote work-GIGAZINE
On the other hand, some managers continue to stick to office work, and Elon Musk, CEO of major EV maker Tesla, has advised employees to ``retire if you do not return to the office''. , There was also a controversial video when the CEO of marketing company Clearlink praised an employee who gave up his dog to work in the office.
One of the reasons behind the strong support for office work is the concern that employees may commit fraudulent acts without the supervision of colleagues and superiors. Therefore, research teams at the University of Warwick and the University of Nottingham in the United Kingdom, which are known as financial powerhouses, and Florida Atlantic University in the United States, conducted research to analyze the risks of fraudulent acts in telecommuting.
When the research team examined scandal reports on 162 bank securities traders who worked during the lockdown from March 2020 to March 2021, the probability that traders working from home were pointed out for fraud was It was 7.3% for the year. On the other hand, for office traders, the probability jumped more than five times to 37.6%.
It is believed that working from home reduces fraud among traders by reducing access to inside information and rumors about financial markets. It has also been pointed out that unethical behavior may be contagious by seeing colleagues cheating in the office of a financial institution.
'Our analysis reveals that working from home reduces the likelihood of fraudulent activity in securities trading. The economic implications of this change are significant,' the researchers said in a paper. ”I wrote.
While working from home may seem like all the good things, there are downsides. A survey conducted in the United States in 2020 found that one-third of people working from home reached for alcohol, and a representative of an alcoholic patient support group said that drinking expressed concern about the increase in
It turns out that one-third of those who work from home drink alcohol, and in some areas, nearly 70% drink alcohol-GIGAZINE
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