An Analysis Of The Effect Of Media Supervision On The Financial Fraud Of Wanjiang Logistics Co.

The theme of this article is to study the role of media oversight and corporate governance structure in financial fraud.The role of the media in many financial fraud cases cannot be underestimated.Whether it is the “Kanghua agriculture”,“Zixin Pharmaceutical” many years ago,or “Wanfushengke”,“Tianneng Technology” and“Development of Inner Mongolia” in recent years,it is all through the media.Excavated in succession to expose investors to the eyes of these "good companies".The role of media supervision is mainly reflected in advance prevention,analysis in the matter,and follow-up.In general,after the exposure of the media,the metropolitan image of bad companies fell drastically.After the financial fraud of Wan jiang Logistics was exposed by the media,the stock price and image were severely frustrated.This article is divided into five chapters.After analyzing the significance of related research and relevant theories,the paper analyzes the process and means of financial fraud in the Wan jiang Logistics.Finally,it comes to the countermeasures and suggestions for dealing with financial fraud.After analyzing a large number of examples,it is found that there is a transmission mechanism among media supervision,corporate governance,and financial fraud.They are mutual influence and mutual restraint.When corporate internal governance is better,the three are a virtuous circle mechanism that promotes each other's development;however,when internal governance issues arise,the three of them will form a vicious circle mechanism that hinders development.There is no inevitable positive correlation between the frequency of media attention and the number of corporate financial frauds,but the more negative news published by the media,the greater the impact on the company.This article analyzes the lack of corporate governance mechanism in the case of the financial fraud of the Wan jiang through the combination of theoretical research and case analysis.After analyzing the media supervision by the incident research method,the market will identify the company's governance mechanism and give it correctness.