The Motivation And Governance Research Of Listed Companies' Financial Fraud

With the continuous improvement and development of China's capital market,the participation of investors in the stock market is also increasing,Financial information as a tool to identify the investment value of listed companies is particularly important for investors,However,it is precisely because of the importance of financial information,enterprise managers make a big fuss about financial information,Financial fraud has become a stumbling block to the development of China's securities market.From Enron,WorldCom and Xerox to Yinguangxia,Kelon,green earth,Edmond branch,The exposure of financial fraud not only makes the interests of shareholders suffered great losses,but also seriously dampened the confidence of investors.How to restrain the financial fraud of listed companies is a problem that our country and the whole world should work together to solve.In this case,First of all,this paper analyzes and summarizes the relevant concepts and related theories of financial fraud,and draws lessons from the domestic and foreign research results of financial fraud.Secondly,through the detailed analysis of the financial fraud cases of Bo Yuan investment Limited by Share Ltd,this paper focuses on the background,methods and analyzes the reasons of financial fraud of Bo Yuan investment based on the fraud triangle theory.Bo Yuan investment is a revision of the delisting system in 2014,the first of Shanghai and Shenzhen listed companies for financial fraud into the delisting procedures and forced delisting of the company,It is a typical case of financial fraud because of its serious financial fraud,huge amount of money,long duration and high concealment.It has a strong theoretical and practical significance as a case study.Through the analysis of Bo Yuan investment in financial fraud,this paper constructs the system of governance of the listed company's financial fraud,and put practicability suggestions and Countermeasures for preventing and controlling financial fraud from the regulatory authorities,listed companies and investors in three aspects.It provides some reference for the prevention and control of financial fraud in the future,and provides the guarantee for the operation of the capital market.