Research On Financial Control Of Listed Companies In China

In recent years, as a result of the frequent happening of financial control crisis of listed companies, many academic circles began to discuss and research financial crisis. But for Tibet, whose shareholding system began several decades ago, and after continuous development, there are only 9 listed companies. Influenced by Tibet’s objective factors, most of the listed companies in Tibet were set up in a hurry. Meanwhile, those companies which grew up in an earlier time did not experience market education, and even many enterprisers did not go through market experience. Therefore, there are a lot of problems of listed companies’ financial control in Tibet. However, owing to economic development level and the scale of listed companies in Tibet, few researches were about Tibet listed companies’financial control both home and abroad. So, while scholars researching on the problems of listed companies’financial control throughout the country, it is also important and necessary to do researches in this field in Tibet. Through analyzing the whole situation of Tibet companies’financial control, this paper proposes building financial control system in listed companies in our country especially in Tibet, which help enhance the overall competitiveness of listed companies in our country.This paper is composed of 5 chapters as follows:Chapter One:Introduction. It includes the research background and significance, research ideas, paper structure, and research methods.Chapter Two:Literature Review. Review of the literatures about financial control and financial management of Tibet listed companies written by Chinese and foreigners. The development of financial control theory can be divided into three stages:control over business activities, control over people and complex control. Domestic scholars have already done many researches on the concept, factors and system of financial control. In this chapter, author also describes literary works related to the financial control of listed companies in Tibet. Chapter Three:Theoretical Analysis. Author defines the important concepts of this paper (such as listed companies, financial control, etc.),and explains related theory such as the theory of COSO report, corporate governance and principal-agent.Chapter Four:Current situation analyzing. In this part, the author mainly describes current situation of financial control of listed companies in Tibet.Meanwhile, author points out the existing problems and their causes through designing and analyzing questionnaire research about middle and senior managers, junior financial and auditing staff.Chapter Five:Suggestions. Through completely analyzing the financial control of 9 listed companies in Tibet, author proposes suggestions about perfecting the financial control system of listed companies in China. The proposals are as follows:improving the financial control system; enhancing the financial of internal and external auditing; cultivating the manager market, staff training and so on.Main contributions of this paper:As there are few domestic studies on Tibet companies’financial control, this paper can fill this research blank to some extent.Flaws of this paper:Research methods that this paper adopted are mainly descriptive analysis and normative analysis because we could not get more information when there are few listed companies (just 9 listed companies) and most of which don’t have their own corporate web sites. Further research in this field can be conducted by some more various methods.