A Study Of Financial Fraud Based On The Perspective Of Gamble Agreement

In the development of enterprises,the listing of companies is the goal of many enterprises,compared with ordinary enterprises,listed companies can obtain a lot of benefits,such as expanding management,advertising effect and so on.Due to the long queue time of ipo listing,strict requirements to the company and high threshold,it needs a long time to audit.Backdoor listing can often avoid the strict jumbled conditions under the normal listing,and can achieve the results of listing in a short time.In this case,many enterprises tend to choose backdoor listing.In order to guarantee the interests of investors and encourage the efficient and rapid development of financing enterprises,the financiers will sign a gambling agreement with the investors to prove their business value.In China's economic market,gambling agreements have become a relatively common event in corporate financing,with the intention of being a protection mechanism.Because of the asymmetry of information and the lack of understanding between the investment and financing parties,it is easy to make the investors lose themselves in the mixed market.In order to achieve their objectives,the financiers sometimes sign a performance gambling agreement which is quite different from the actual situation of the enterprise itself.In the face of the unfulfilled goal,the enterprise often achieves the purpose of gambling by manipulating profits,increasing income,and so on.In both developed and developing countries,financial fraud is one of the major problems in the capital market.Financial fraud not only affects the healthy development of enterprises and the interests of small and medium-sized shareholders,but also seriously affects the economic environment.Is the economic market should focus on and take one of the events of governance behavior.This paper focuses on the financial fraud under the gambling agreement.This paper is divided into four parts.The first and second parts are divided into theoretical part.It mainly introduces the background,significance,literature review and related theories and concepts of this paper.The third part is the case introduction part,this article selects *ST Honggao as the case,firstly introduces both sides of the shell borrowing,then expounds the shell borrowing event,after the successful listing of *ST Honggao Jiangsu Dongguang Microelectricity Co.,Ltd.(Dongguang Micro)signed a gambling agreement and promised to achieve performance betting in the three years of listing.However,due to the slow growth rate of the general environment,the shell side overconfidence,Under the influence of many factors such as heavy pressure on gambling,*ST Honggao,in order to achieve the goal of performance gambling,to prevent enterprises from suffering from ST,but under the false increase in profits and income,Concealment of impairment of assets and existence of significant differences in financial fraud,and description of the consequences of fraud The fourth part is the analysis and the suggestion part,mainly analyzes *ST high achievement gambling failure reason,and puts forward the pertinence suggestion according to the failure reason.This paper makes a case study on the financial fraud under the gambling agreement,and puts forward some specific suggestions according to the case,hoping to play a certain warning role for the relevant enterprises,and to prevent the phenomenon of financial fraud.At the same time,it can make a contribution to the regulation of the economic market.