The Research On The Ethical Regulations Of Chinese Listed Firms' Financial Behavior

I. BackgroundDevelopment of market economy, improvement of market environment, which calls for financial behavior of listed companies, should comply with basic ethical norms. Listed company's financial behavior and ethical behavior is based on common interests of institutions, listed companies in the pursuit of interests, social responsibility should take the initiative to participate in social environment, the implementation of ethical behavior, in order to be recognized by society to achieve sustainable development of enterprises. Financial behavior of listed companies for ethical behavior in corporate strategic objectives, market equity and efficiency goals poles driven significant meaning, so the financial decisions of listed companies choose ethical behavior should be considered. However, the process of China's economic operation behavior of the ethical conflicts that arise, some of the listed companies in the financial decision-making process tends to blind pursuit of interests, ignoring the importance of ethics and requirements, damage to the interests of other stakeholders, so that the parties into a game "Prisoner's Dilemma."Ethical conduct for corporate financial reasons for the conflict and organizational system of reasons, held by the financial decision-making levels and information constraints, spontaneous market behavior can not fundamentally solve the financial behavior of the ethical conflict behavior. Therefore, we must provide a valid system supply, the implementation of ethics regulations, causes failure of the market mechanism to avoid ethical conflicts.Ethical Public Company Regulations of the rise in Western countries, the government through the enactment of ethics and other forms of behavior of listed company financial constraints, and achieved certain results. In China, research started late, the lack of theoretical innovation, "the Chinese" level is still seriously inadequate. In addition, most listed companies in the financial decision-making process on the ethical behavior has not yet attracted sufficient attention. Therefore, the research in listed companies in China Financial Regulation of the ethical behavior is very important theoretical and practical significance.II PurposeThere are two main purpose of this study:first, combining ethics, finance, regulatory economics and knowledge, through the financial behavior of listed companies in China in the description of the phenomenon of ethical conflicts and causes of behavior analysis, excavation and analysis of ethical behavior for business development and the profound impact of social development, so as to ethical financial behavior of listed companies need to provide regulatory support; Second, by building in AHP based on empirical research to explore the ethical regulation of listed companies should be strengthened and key focus areas issues for subsequent research methods and ideas.III Main content and viewThe main content text is divided into three parts of five chapters:Introduction to the first part of the first chapter, this section aims at presenting the background of writing paper, writing objectives and writing ideas, pave the way for the following; this part of the listed companies, mainly from the ethical regulation of financial behavior and current situation a major role to reveal this Background and ethical regulation of the production logic.Chapter II Chapter III of the literature review and theoretical analysis of the second part, the part of the theoretical basis of this article, the main answer to the ethical financial behavior of listed companies need to issue regulations; this part of the first financial behavior and ethical regulations at home and abroad systematic literature review, followed by ethics, finance point of view of two different disciplines, theoretical analysis, description of the status of ethics in our country, supported by the analysis of the theory of regulation, inference in the financial behavior of listed companies contribute to ethical behavior enhance brand image, enhance competitiveness and promote long-term strategic goals of enterprises, listed companies in addition to considering the interests of direct stakeholders, should take the initiative to indirect interests of stakeholders into the decision-making system, the implementation of ethical management; government and other regulatory authorities should Recognizing spontaneous market behavior is difficult to overcome the ethical conflict, it should design a scientific and effective incentive mechanism to circumvent the business due to financial reasons, the organizational system causes ethical conflict behavior.Chapter IV Chapter V Measures empirical research and the third part of the answer to some of the major ethical financial behavior of listed companies regulated methods; this part of the way through the design of the questionnaire to obtain information to AHP, based on statistics should be used analysis software for data analysis that the listed company after finishing the ethical regulation of financial behavior should be primarily concerned shareholders and other stakeholders in the interests of the direct appeal, followed by companies should be concerned about product safety, environmental protection, community development responsibilities; specific measures from the "self-"and" discipline "the two dimensions of departure, and establish ethical values, the implementation of ethical management, improve the internal control system to improve the quality of accounting information, clear property right structure, to prevent" regulatory capture "phenomenon, the implementation of the scientific incentives. An effective system of internal and external supply system construction are very important, only by combining the two in order to bound corporate financial behavior and promote ethical awareness of their culture, improve the micro-macro-ethical environment and realize the goal of maximizing public welfare.IV Research contributions and shortcomingsMain contribution of this paper, the performance of Government Regulation and Ethics in the knowledge of the combination of the listed company's financial behavior as a starting point to explore the ethical conduct of listed companies regulated financial need; AHP by building on the basis of empirical research Ethical regulation should be the focus areas and key issues; use of AHP framework of the Cox building on commercial principles table, try to promote the ethical guidelines.Mainly manifested in the lack of empirical research part of the sample size is relatively small, the results may not be fair.