Research On The Motivation Of Financial Fraud Of Listed Film And Television Companies Under The Diamond Theory

With the continuous development of the economy,a large number of companies have poured into the securities market.However,in recent years,many listed companies such as Zhangzidao,Kangmei Pharmaceutical,and Ruixing Coffee have been exposed to financial fraud,which shows that the internal management of Chinese listed companies is currently incomplete.There are still shortcomings in the development mechanism of the securities market,and the regulatory system needs to be further improved.Therefore,it is meaningful and valuable to study the financial fraud of listed companies.Beijing Jingxi Culture and Tourism Co.,Ltd.was exposed on August 27,2021 to implement financial fraud.Because the case involved well-known actors in the film and television industry and the amount of fraud was large,it attracted widespread attention from the society.This paper takes the financial fraud of Beijing Jingxi Culture and Tourism as the research object,focuses on the film and television industry,and explores the way and motivation of the company in this case to implement fraud in order to find countermeasures to reduce the probability of fraud in the industry.First of all,this paper sorts out the main research contents of many scholars on financial fraud,and sorts out the main research results in the field of fraud.Secondly,this paper selects the fraud diamond theory to conduct in-depth research on the fraud motivation of Beijing Jingxi Cultural Tourism,analyzes from the four dimensions of pressure,opportunity,self-rational excuses and counterfeiters’ ability,and finds that: Beijing Jingxi Cultural Tourism is in a large unfavorable industry environment.Under the background,there are fraud motives due to lack of funds and performance pressure;internal and external factors such as the company’s internal operation and management chaotic,internal control failure,and audit institutions failing to perform diligently and responsibilities provide opportunities for fraud;the moral quality of the management needs to be improved,and the lack of responsibility awareness At the same time,the counterfeiters’ own professional academic background,inner overconfidence,and ability to centralize power also provide opportunities for fraud.The four factors together caused the occurrence of this fraud.Finally,based on the above four-dimensional reason analysis,the paper proposes a targeted solution based on the film and television industry.After research,this paper believes that when the listed film and television companies have pressure,opportunities,excuses,and the counterfeiters have the ability to counterfeit,financial fraud is more likely to occur.In order to minimize the probability of fraud,it is necessary for the enterprise itself,executives,regulatory authorities and society to work together to form a complete management mechanism and supervision system before,during and after the event,so as to effectively curb financial fraud.Maintain the orderly operation of the securities market.