Research On Financial Fraud Of Listed Companies In China

Financial fraud of listed companies has seriously disrupted the trading order of the securities market.There are many cases of financial fraud in the world.In recent years,nany cases of fraud of listed companies have been disclosed in China,such as Kangmei Pharmaceutical Industry,Changhong Company.Kanghua Agriculture and so on.These cases have disrupted the normal trading order of the market,adversely affected the reputation of the company,and even affected the vast number of investors.Huge financial losses.Financial statements have become fraudulent disaster areas,many companies either for the private interests of major shareholders,or to raise funds for listing,regardless of the law.issued financial statements containing false information,and publicly issued stocks for listing and trading.Xintai Electric Company has adopted financial fraud in its listing process to achieve the purpose of listing.From the whole case of fraud,we can see that there are many problems worth reflecting,whether from the perspective of listed companies,intermediaries or regulatory agencies.Taking Xintai Electric's financial fraud delisting as an example,this paper uses case analysis,documentation and other methods,and combines various theoretical knowledge to analyze the fraudulent behavior in the process of Xintai Electric's listing.In the process of analysis,not only the fraudulent means are analyzed in detail,the reasons are found out,but also the corresponding countermeasures are put forward.The full text is divided into six chapters.The first chapter is the introduction,mainly introducing the research background,research significance,research methods,etc.The second chapter is literature review and theoretical basis,introducing the research status of financial fraud at home and abroad,as well as related main theories;the third chapter is an overview of financial fraud of listed companies,mainly introducing the concept,characteristics and motivation of financial fraud;the fourth chapter uses GONE theory to make specific points.Analysis of Xintai Electric Financial Fraud Case;Chapter V,based on the analysis of the previous chapter,puts forward targeted recommendations;Chapter ? summarizes this article.This paper uses GONE theory to analyze the financial fraud of Xintai Electric Company.This paper finds that GONE theory can better reflect the causes of financial fraud.We should prevent and control financial fraud from its root.We should start with the four different factors of greed(G),opportunity(O),demand(N)and Exposure(E)of GONE theory to eliminate the hidden risk factors of financial fraud by companies or executives.