Corporate Integrity、Corporate Violation And Corporate Performance

At present,the financial fraud of listed companies in our country occurs frequently,which makes our country’s securities market face an unprecedented credit crisis.Some enterprises have not only lost their reputation,but also destroyed the credit environment of the whole society and affected the sustained and healthy development of China’s economy.The main reason is that the enterprise has not established the enterprise credit mechanism and the credit supervision mechanism is not perfect.However,from the existing research,few scholars has put corporate integrity and corporate violations into the same systemto explore the affects that the corporate integrity and corporate violations have on the corporate financial performance,so as to promote companies put integrity management concepts into the corporate governance.In this paper,we study the listed companies that have violation behavior from year 2009 to 2013 and that belongs to non-financial listed companies.We explore the affects that the corporate integrity and corporate violations have on the corporate financial performance by pairing model.In the second part of this paper,the author draws the following conclusions: First,the higher the level of corporate integrity,the better the financial performance of enterprises,which means that the improvement of corporate integrity and the implementation of corresponding measures can have a positive impact on the company’s financial performance;,Second,for different companies of differentintegrity levels,there havesignificant differences between the impacts that non-compliance has on corporate performance.For companies with a low level of integrity,noncompliance can cause a decline in performance for the next year.While the integrity of the higher level of listed companies,non-compliance almost have no impact on corporate performance.Third,the illegal listed companies are disclosed by the regulatory agencies,corporate performance even worse.This paper puts forward the following suggestions: First,improve the securities law-related system,improve the illegal costs of listed companies.Second,improve the ability to find violations.Third,actively cultivate the integrity of the social ethics as the core,the concept of integrity management into the corporate governance.The possible innovations of this paper are as follows: First,Innovation of research perspective.From the perspective of how to make enterprises attach importance to reputation and practice the concept of integrity management,and strengthen their own constraints to reduce the occurrence of illegal acts,the study of corporate integrity and corporate impact on corporate performance,corporate performance research point of view more complete,Which has realistic guiding significance.Second,innovation of research ideas.In this paper,corporate integrity,corporate violations and corporate financial performance into the same research model under the study of their internal links between the three.