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Innovative Methods for Predicting Fraud and Corruption

In: Fraud and Corruption in EU Funding

Author

Listed:
  • Félix Javier López-Iturriaga

    (University of Valladolid)

  • Iván Pastor Sanz

    (University of Valladolid)

  • Elena Temiño Santamaría

    (University of Burgos)

Abstract

Within the framework of European Union, the corruption problem generates economic losses every year that slow down the continent´s development. The public procurement procedure is one of the sectors affected by this phenomenon of corruption, and the European Union is working to implement mechanisms that prevent and avoid fraudulent behaviour. In this sense, the institution has decided to replace the classic “lowest price” award criterion with the currently in force “most economically advantageous offer” or MEAT. This study seeks to identify red flags, that is, fraud risk indicators, relating them to the different award criteria used in the process. The results shown on the European maps show that Denmark is vulnerable to the red flag of excessive duration, while Spain show risks in terms of the final value of contract. Ultimately, the behaviour of each country is different in public procurement procedures.

Suggested Citation

  • Félix Javier López-Iturriaga & Iván Pastor Sanz & Elena Temiño Santamaría, 2022. "Innovative Methods for Predicting Fraud and Corruption," Palgrave Macmillan Studies in Banking and Financial Institutions, in: David Blanco-Alcántara & Fernando García-Moreno Rodríguez & Óscar López-de-Foronda Pérez (ed.), Fraud and Corruption in EU Funding, chapter 0, pages 125-173, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-031-19051-3_4
    DOI: 10.1007/978-3-031-19051-3_4
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