Research On Manipulating Profit By Means Of Connected Transactions Of Listed Companies

With the development of the stock market in our country, the phenomenon of listed companies make use of the connected transactions to manipulate the profit is serious gradually. Therefore, it is necessary to regulate this problem further.Starting with the general introduction of connected contraction, the author clarified the definitions of related party relationships and connected contractions and analyzed the nature and effect of connected contractions. Then from the condition of connected contractions in our listed companies, the types of manipulating profit by means of connected contractions and the consequents of manipulating profit by means of connected contractions, the author sketched the condition of manipulating profits by means of connected contractions in our listed companies. In the thesis, the author had a thorough analysis of the causes of manipulating profits by means of connected contractions in our listed companies from inner motives and outside causes. As far as the developing trend of connected contractions in China are concerned, in combination with the regulatory experiences of overseas securities regulatory authorities, this thesis put forward some relevant policies and suggestions including the following aspects: to perfect company's shares structure and to improve corporate governance, to perfect the system of connected contractions information disclosure and protecting the mid-small shareholders.