| Since the establishment of modern enterprise system, financial fraud issues has been accompany with the capital market.Although the company continued to improve their Environment, some of the company take financial fraud Under interests-drive, and corrupt more changeable, hidden more strong. Financial fraud issues not only disrupted the market order but also lost investor confidence in the capital markets. Financial fraud is a problem that should be solved in a section of new years issue.Predecessors and scholars did a lot further researches and discussions on financial fraud issue from many aspects. In this paper character rustics of the board contain6aspects, they are board size, independent directors ration, dual director, board meeting times,audit committee, boar’s shareholding ratio. This article Combs the literature of the relationship between the Board characteristics and financial fraud. on the basis of the theory of financial fraud and characteristics of board, the study put forward six hypotheses. the study collects254financial fraud firms and non-fraud firms respectively, I Practices the Paired-Samples T test and Logistic regression testing between the254fraud samples and254non-fraud samples in SPSS17.0. The result of T test indicates there are significance differences in the variables of independent directors ratio, board meeting times and audit committee. but the variables of other features are not show significances between fraud firms and no-fraud firms. The result of logistic regression shows that board meeting times audit committee Related financial fraud on the significance level of5%. Other features do not have significant correlation. In order to test reliability, we chose the index on severity of fraud to measure the corrupt behavior of listed companies, Results did not change. At the end of the paper,we give suggestions for preventing financial fraud and improving the characteristics of board in China listed companies. |
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