Law And Economics Analysis Of Accounting Information Fraud

Accounting information fraud was studied from law and economics view in this dissertation which was based on property rights theory, principal-agent theory and Posner's law and economics theory. The content mainly included:Studying the accounting information fraud, firstly need to clear the definition of the accounting information fraud. In our country, many scholars using the concept of accounting information distortion to describes the phenomenon that the accounting information is not real, but this concept is ambiguous, for not showing the phenomenon is created by subjective or objective reason. The author only took accounting information distortion which the behavior creates intentionally as the object of the study, and use the concept of accounting information fraud to define this phenomenon.The cause of accounting information fraud was studied by means of principal-agent theory and cost-benefit analysis method. And a general logic framework of accounting information fraud was established. About the emergence of accounting information fraud, principal-agent relationship is the objective basis, the incompatibility of utility function and asymmetric information between principle and agent are the essential conditions, the income of fraud is bigger than the cost of fraud is the direct motivation.By statistics to quality inspection announcements of accounting information of MFPRC from 1997 to 2006 and penalty resolutions of CSRS to listed corporations from 2002 to 2006, the author analyzed the situation, traits and causes of accounting information fraud in china today. Through the study of the case of Lantian Stock, using the model of cost-benefit analysis, calculated the income and cost of the accounting information fraud.Appling incentive theory and supervision theory of information economics, property rights theory of institutional economics, principal-agent theory and Posner's law and economics theory, the author studied the prevention of accounting information fraud from macro and micro view, and put existed preventive measures into the framework to analyze their advantages and disadvantages.