THE EFFECT OF ECONOMIC RECESSION ON FINANCIAL PERFORMANCE: LITERATURE REVIEW
Abstract what factors trigger economic recession actions on financial performance, and what factors can influence economic recession on financial performance. From the results of this Review, a literature review approach was carried out with a systematic mapping study method from various sources such as journals and books. The results of this review found various factors causing financial recession actions, the factors are rationalization, incentives, abilities, arrogance, collusion, needs, lifestyle , exposure, integrity, irreligion, systemic wealth inequality, significant distance between leaders and subordinates. The tendency of financial recession can be minimized by implementing generic aspects such as building integrity (equaling and strengthening noble character), creating exemplary leadership, minimizing opportunities, developing a good internal control system, developing recession prevention policies and systems, developing monitoring systems, hotlines, and whistle blowing systems, developing reward and punishment systems, and implementing a healthy economy, and creating a balance of power.
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