Research On The Characteristics And Reasons Of Corruptions In Financial Industry During Social Transition

This thesis makes the fundamental definition of finance industry corruption based on related research on corruption and financial corruption, that is, the behaviors or phenomena of state-owned financial institutions and their employees, who illegally against the law and current financial policy and harm the nation, public and firm during management and related activities for their own private interests, while take the advantages of their own job in finance industry. This thesis shows that finance industry had been the conglomeration of corruption during social transition in China, therefore it is well worthy of research on finance industry corruption. There are following characters of finance industry corruption during social transition: first, there is the trend of benefit common sharing in the motivation of corruption, second, the agents of corruption show to be grouped; third, the way of corruption tends to distort, use and enlarge the intuitions; fourth, methods of corruptions are more implicitly and technological; fifth, the danger and harm is more larger, and it harms the society more. The main reasons for corruption of finance industry corruption are two fold. From the finance industry, there are three institutional inducing factors--its special role in market economy, failure of norms of industry during transition, low costs from lack of management in finance industry. From the employee, the lack of profession bearing and continual education forms the personal causes. We propose basic policies against finance industry corruptions during transition based on the causes of corruptions in fiance industry: first, accelerate and deepen the financial institutional reforms during the process of pushing socialism market economic; second, build and improve the socialism financial law system, and punish the corruptions more cutely; third build and improve the internally risk control system, and reduce corruptions from managing, fourth, strengthen the continual education for the employee in finance industry; fifth, lead the employee in finance industry to accept the further socialization initiatively.