Corporate Governance Of Listed Companies With Financial Ethics Empirical Analysis

BackgroundWith the development of world economy and the development of the financial industry, in the 1990s, securities market was established in China. Therefore, Chinese securities market from scratch. So far in the securities industry development, perfect era, market appeared many financial false, fraud incidents. In the country continues to perfect its laws and regulations while listed company or foreign information don't really phenomenon, this repeatedly send more than the disease that lack aptitude for lack of listed company financial ethics.The listed company financial ethics problem is not only is lack of Chinese securities market characteristics, it also troubling developed capitalist countries. 1929 and 1933, the economic crisis, the United States securities market before each company for its own benefit and totally ignored personal and corporate financial ethics, false information and occupy property behavior is wanton rampant. The 20th century, the development of securities market very good United States, such as Enron, WorldCom, many international well-known big companies have spread accounting scandal. From the Enron bankruptcy case occurrence, America has the stock market shows a continuous traders situation, one of the most critical problem lies in the listed company with fraud way to plunder the wealth of investors and stakeholders, displayed on the stock market is investors lost confidence and trust. Chinese stocks around the year 2000 is a bear market in the root cause of continuous, which is the market of false information, existence many illegal seize more wealth phenomenon. Investors.PurposeThis research aims at systematic summarization of the related theory of financial ethics based and financial ethical behavior of market influence extant literature foundation, unifies in corporate governance and corporate governance structure differences due to produce a variety of can lead to different financial ethical conflicts, and the financial behavior of the phenomenon by different financial ethics atmosphere and the analysis of financial ethics conflict behavior, re-examine current in the securities market of fraud, concealment, false financial through legal and ethical phenomenon not total ban for interconnections. And, this paper hopes to market environment from a new perspective on the characteristics of financial ethics influence understanding, seize the root causes, from essentially to solve problems, not through the law laws and regulations restrict take temporary solution. Through the research on this problem, this paper will put forward corresponding research results from the future change and some Suggestions to deal with the sustainable development of the securities market health optimize policy. This will help coordinate development of various factors in the securities market, the investors structure shape diversified equilibrium, further stability of securities market, improve the securities market maturity and market efficiency. To sum up this study goal mainly is understanding and looking for financial ethics and corporate governance interaction between various factors, looking for a listed company financial false to the root of the problem by optimizing securities markets, for establishing a market of self-discipline and effective supervision provide theory to help.Main content and viewThe first chapter: an introduction to the headquarters into paper mainly introduced the listed company, corporate governance and financial ethics related research background, significance, and the thinking, methods and research and the deficiencies of the innovation. Through the survey can be found and in the studies of this start time relatively late, but also not formed a set of relatively complete by theorists accepted the theory system, in this case forward research direction:the listed company of corporate governance and financial ethics empirical research.Chapter 2:this literature review, the part of the main introduction corporate governance and corporate financial ethics related research achievements at home and abroad, and in this paper to all sorts of theoretical conclusion selective, as this study summarized'a research overture. These references to existing theories, explicitly pointed out the existing problems in the theory of the leading research. Through this chapter discusses can understand the current financial ethics governance of listed company and basic theory frame and related basic connotation, understands the listed company financial ethics in the security market content and scope of relevant conflict. Let us can to a certain extent to financial ethics have a relatively clear understanding, facilitate more in-depth research on this subject.Chapter 3:this theory part mainly is to discuss the listed company between corporate governance and financial ethics interaction. Through the corporate governance and financial ethics of listed companies, the relations between the listed company financial ethics regulation is an important means of company management and corporate governance of listed company financial ethics influence to the subject three main deeply analyzes the further deepening and understanding, understanding of both, to find out the related factors can influence each other in theory, the level of related analysis.Chapter 4:The empirical part of the investigation through a questionnaire survey in the form of listed companies reached by basic information related to financial ethics, while the listed companies according to the survey, from the collection of corporate governance CSMAR database information, mainly based Nankai University Corporate Governance index for the six latitude, they are acts of controlling shareholders, board governance, board of supervisors governance, managers governance, stakeholders, and the six areas of information disclosure. And on this basis, the average weighting method using the latitude indicators on the six assignments, the survey of the status of listed company financial ethics, corporate governance and financial ethics to find out the problems between, and analyze their will on the impact of corporate governance . Another focus of this chapter to reflect the relevant factors through the establishment of the relationship between the model, to identify corporate governance and financial ethics that exists between the relevant factors and the related degree, and on the theory and data analysis to summarize the relevant factors summarize, analyze the corporate governance of listed companies and financial ethics intrinsic link between the appropriate and ethical Public Company obtained regulatory system is a fundamental solution to the financial problems of corporate governance.Chapter 5:this study conclusion and prospected. Through the above analysis, we can find a series of this topic of the relevant conclusions, and through recommend further perfect the relevant theory and practical operation mode. Financial ethics from listed company strengthen corporate management, and providing them a more thorough manner; from corporate governance to find a financial ethics formed an important professional ideology construction and the effective method, both to promote each other and mutual improvement. Finally, I hope that through the laws and regulations for the level of corporate governance in China can open up a new path to research.Main contribution and study insufficientCorporate governance principles is essentially a series of institutional arrangement, this paper mainly through the listed company of corporate governance and financial ethics interactive analysis of the relationship between corporate governance and, finds out the financial ethics of listed companies between existing mutual influence factors, and through these related factors on corporate governance and financial ethics regulation boss company provide some Suggestions and improvement plan.This paper studies the key and difficult to find relevant factors and proof the relation between them. So, in the course of research will inevitably related hypothesis, assumptions will naturally cause research specificity and limitation, and to form a widely these knowledge can produce their deficiencies. But in economics and management study, hypothesis is essential, and only gradually out of large factors researches some important factors, can directly obtained theoretically the specific conclusions. This study also is so, may be in research on the width insufficiency, but some of the basic proof won't have too much influence.