An Analysis Of IPO Financial Fake Based On Stakeholder Perspective And Countermeasures

Since the reform and opening to the outside world,China has made remarkable achievements in its economic construction.With the continuous progress of economic construction,China's capital market has also begun to flourish.C ompared to foreign countries,the securities market started late,but the development of listed companies has been very alarming.Listed companies have made great contributions to C hina's GDP and played an important role in economic construction.However,C hina's legal system is not perfect,and it is restricting the healthy development of the securities market.Especially in the process of IPO listing in our country,there have been many discordant voices.Enterprises in order to IPO trial,in order to achieve the Commission's performance requirements for listed companies,began to make a big fuss about the financial indicators.There is a growing number of companies financial fraud,false statement case,thus seriously restricts the development of China's securities market,but also not conducive to China's socialist construction.In this context,how to protect the stakeholders more effectively and to control and prevent the IPO financial fraud from the root is the urgent task of the securities market.This paper will take the IPO financial fraud case of Xin Tai Electric in 2016 as an example,and use the fraud triangle factor theory to analyze the motivation and fraud measures of IPO financial fraud in the case company.And the "IPO financial fraud" and "stakeholders" of the interaction of the relationship discussed in detail,so as to draw IPO financial fraud on the various stakeholders.I hope it can be analyzed from the perspectives of CSRC,media,social public,industry supervision and legal system construction and put forward relevant suggestions.But after the study found that for the company's financial fraud,whether it is intermediaries,social media or Securities Regulatory Commission and other related regulatory agencies there is a big problem.Therefore,combining with the specific situation of China's securities market,make a concrete analysis of concrete problems,and put forward some feasible suggestions,in order to protect the interests of stakeholders through the joint efforts of all parties to better.