Research On The Configuration Of Financial Fraud Of Listed Companies

More than 300 years ago,financial fraud because of the frequent trade activities,has become an unsolved problem in history and increasingly serious,rich means also make financial fraud prevention faced with numerous difficulties.Studying the configuration path of the occurrence of financial fraud of listed companies can help to reduce the incidence of financial fraud,and QCA analysis can study the multiple and concurrent factors that lead to the result,can verify the influence of various factors on the occurrence of financial fraud,and test whether these factors are the inevitable conditions for the occurrence of financial fraud.Then explore the configuration effect of financial fraud to prevent financial fraud to provide a certain degree of theoretical help.Firstly,based on the GONE fraud theory,33 listed companies punished by third parties for financial fraud during 2014-2020 are selected as samples,and corresponding non-fraud samples are screened according to certain conditions.At the same time,QCA analysis method has a high requirement on the familiarity of sample situations,so it is necessary to conduct a statistical analysis on the types of financial fraud behaviors,punishment subjects and causes of these fraud samples,which also lays a foundation for the selection of subsequent conditions of QCA analysis.Secondly,the influence factors of financial fraud are sorted out.According to the statistical analysis in Chapter 3,the highest frequency of motivation occurs in the aspects of integration of two roles,shareholding ratio of the largest shareholder,implementation effect of internal control,cash flow pressure and accounting firm.Combined with GONE theory,In terms of greed(G),it chooses the combination of two positions;in terms of opportunity(O),it chooses the shareholding ratio of the largest shareholder and whether there are defects in internal control;in terms of demand(N),it chooses to relieve the pressure of cash flow;in terms of exposure(E),it chooses the scale of accounting firm during fraud and whether the standard opinion audit report is issued during fraud as the an dependent variable.Thirdly,QCA analysis was used to verify the relationship between the 6 antecedent variables and the occurrence of financial fraud.Combined with non-fraud case samples for comparative analysis,the conclusion was reached: none of the 6 antecedent variables are necessary conditions for the occurrence of financial fraud,which also provides support for the study of the configuration effect of 6 antecedent variables on the occurrence of financial fraud.There are seven conditional configurations that can explain the occurrence of fraud.The seven condition configurations can be summarized as "strong supervision and exposure type","control and control with weak type" and "strong pressure and forcing type".Finally,according to the results of the study,the author puts forward some preventive measures from the three aspects of listed companies,accounting firms and regulatory agencies: listed companies should strengthen the construction of corporate governance and internal control,and do a good job in daily operation and management;Enhance the independence of accounting firms and the professional competence of staff;Regulators should intensify punishment and inspection,crackdown and management of fraud.