Study On Motivation And Governance Of Financial Fraud In Listed Companies

With the development of economy,the position of securities market becomes more and more unshakable.For enterprises and investors,a good securities market is their place of mutual benefit.But since this century,the phenomenon of financial fraud in Chinese enterprises has intensified,and the means and motivation of fraud have become more and more complicated.The frequent performance of financial fraud cases has a great impact on the capital market,which seriously damages the rights and interests of the majority of investors,but also deeply strikes the enthusiasm of investors,and finally causes the waste of resources on the securities market.It can be seen that fraud cases have a far-reaching impact,in-depth study of the financial fraud of listed companies and put forward preventive measures against the risk of fraud,to protect the interests of the majority of investors,and then to achieve the rational allocation of social resources,to maintain the good operation of the capital market,is an urgent problem to be solved at present.Taking the financial fraud case of Kunming machine tool as an example and taking the solid theory as the basis,this paper first introduces the basic situation of the company,analyzes the concrete means of the financial fraud of Kunming machine tool and the serious consequences caused by it,then takes the fraud risk factor theory as the breakthrough point,comprehensively and deeply explores the deep-seated motivation of the financial fraud of Kunming machine tool.Finally,the following research conclusions are summarized:moral quality distortion is the premise of Kunming machine tool financial fraud;keeping the listing qualification is the main motivation of Kunming machine tool financial fraud;failure of internal and external supervision provides convenience for managers to carry out financial fraud;weak supervision and lax punishment play a demonstration effect on Kunming machine tool financial fraud.