The Study Of Motive And Strategy Of Letv Financial Fraud

In recent years,many so-called "advantage stock","white horse stock" frequent thunder,financial fraud emerged in endlessly,caused high attention from all walks of life.The fraud case came to an end with the announcement of administrative punishment for Letv by China Securities Regulatory Commission in April 2021.The thunderstorms not only caused serious harm to the enterprise,but also brought huge benefit losses to all stakeholders of the society.The case has a wide impact,which is worth deep reflection.The purpose of this study is that by networks as the research object,using the perspective of fraud risk factor theory and game theory of double joy miniaturization: causes of financial fraud behavior,in view of the financial fraud of the networks governance policies are proposed according to genesis,through practical measures are put forward,provide reference for preventing fraud company.First of all,This paper introduces the operation and development of Letv,analyzes the means of letv’s financial fraud,and discusses the influence and harm caused by the fraud;Secondly,based on the theory of fraud risk factors from the moral quality,fraud motivation,opportunity for fraud,was found to be the probability,the punishment of five aspects analyses the causes of financial fraud,motivation conclusion,mainly includes the management concept of radical,corporate development strategy is not appropriate,money demand,equity concentration,the internal regulatory problems;Thirdly,from the perspective of game theory,a game model is established.By analyzing its optimal probability point,the influence of each factor change on the subject’s behavior decision is studied,and the income and cost that affect the fraud result and their change relationship are obtained.Based on the dual theory,the governance strategy is put forward.For the company,it should optimize the internal governance and internal control system,improve the company’s management articles and the management of parent-subsidiary companies of the group,optimize the financial management,and improve the management quality of the management and financial personnel.As for the intermediary institutions,they should maintain their independence and professional ethics,improve the audit ability to identify fraud,improve the audit quality,and optimize the affiliated party audit in the parent and subsidiary companies.For the supervision department,we should enhance the severity of punishment,improve the system,optimize the criteria.