Research On Financial Fraud Motivation Of Fushun Special Steel Based On Risk Factor Theory

Financial fraud has always been a problem in the investors,creditors,and even the company itself,for listed companies belonging to the enterprise group subsidiary,guard against financial fraud is harder-company with enterprise group interests for the decision-making criteria,the longitudinal concurrently become the norm as a director or senior manager,it is easy to appear the second agency problem and the third type of agency problem.Once financial fraud is exposed,a series of consequences will directly harm the construction of China’s capital market,such as the decline of corporate credit,the loss of investors’ confidence in the credibility of regulators,and the disruption of the normal order of the capital market.Therefore,in the face of power,a subsidiary of the listed tide,in view of the financial fraud motivation to study,to realize equity between longitudinal part-time directors case between group enterprise effective governance and prevent financial fraud,protect investors interests,promoting the healthy development of capital market is the must solve the problem.In this paper,based on the theory of the risk of fraud motivation factors,financial fraud in fushun special steel as the research object,explore the fushun special steel in eight successive years of financial fraud motivation,and aims at the existence of fushun special steel,and represented by fushun special steel group enterprise equity relationship between the director of the longitudinal part-time situation of the listed company financial fraud prevention and control of revelation,in order to improve its corporate governance structure and governance mechanism.Firstly,this paper expounds the research background and significance of financial fraud of listed companies,and summarizes the existing literature and research on financial fraud from the aspects of motivation,identification and means.Secondly,the thesis systematically introduces the theory of fraud risk factor and corporate governance.Then,the financial fraud case of fushun special steel is summarized,and the financial fraud motivation of fushun special steel is analyzed,to find out the underlying reasons for financial fraud of fushun special steel.Finally,put forward the financial fraud case of fushun special steel to give us enlightenment.This paper adopts case study and investigation to make innovative attempts in the following aspects:First,the author uses the financial fraud motivation theory to explore the motivation of financial fraud to explain why enterprises choose this kind of fraud means in reverse,breaking the previous financial fraud analysis of single financial means.Second,this paper uses the risk factor theory of fraud motivation to analyze,not only considering the characteristics of the case company and the characteristics of the research object,but also considering the overall environment of China’s underdeveloped capital market,can put forward multi-dimensional Suggestions for the prevention of financial fraud measures.