The Research On Financial Fraud Of Listed Company

Financial fraud is an issue with 300 years which is very general and not easy to deal with in the world. Entering into the 21st century, it is more serious and flooding. From the incidents of Enron and World telecom in American to the cases of YinGuangXia and MaiKeTei in domestic, financial fraud is difficult to give a full list. Recent years, our security market has also emerged a large of companies whose false amount is up to 100 million or even as much as one billion yuan .Financial fraud is not only harmful to the health development of listed companies ,to destroy the allocation of resources ,to mislead investors , but also have a negative impact on decisions about economy against one country and even the world. Therefore, it is important to prevent and govern the financial fraud.Combined with the institutional background of Chinese listed companies , this thesis analyses the influence of internal and external governance systems with financial fraud, mainly from corporate governance point view. I hope this study is helpful to detect financial fraud. Based on the other scholar's study, the thesis firstly studies the concept and connotation about financial fraud, and explain the financial fraud on the basis of corporate governance theory, such as internal control theory, the theory of asymmetric information .After there, the thesis detailed analyses the status of financial fraud of listed companies, which mainly include the characteristics,means,motivations and adverse effects of financial fraud.Then , the paper expounds the contemporary status of governance of listed companies and its impact on the financial fraud from the internal and the external governance mechanisms respectively, and combined with the case of kelong electrical, analyses and verifies the failure of corporate governance to provide the hotbed for financial fraud. At last, the thesis give some suggestions about perfecting the corporate governance mechanisms of listed companies ,so as to prevent and resolve the financial fraud.