Research On Financial Fraud Motivation And Governance Of Geeya Technology Co.,Ltd.Which Belong To GEM

As the rapid development of Chinese economy after the reform and opening,the capital market has also taken off.Since the establishment of the GEM in 2009,Twenty eight companies have grown from initial listing to 690 enterprises in October 2017,20% of the total number of listed companies in Chinese stock market.The GEM has become a powerful supplement compared to the mainboard market.Compared with the mainboard market,GEM has relatively low threshold,high risk and strict supervision but is an incubator for science and technology enterprises and a growth Type small business cradle,the stock market is an effective supplement to the motherboard market,but also to those who seek innovative growth enterprises have provided great hope.However,the problems such as financial counterfeiting,fraudshed listing and insider trading that have been exposed more and more frequently are repeated and even worsened.This not only seriously misleads the investors in their analysis and decision-making,but also causes huge investment losses to the investors involved,But also undermined the good order and the legal environment in the market and caused extremely bad influence.Evergreen,Lantian shares to the green earth,the motherboard market financial scandals continued,from Wanfushk Co.,Ltd to Geeya Technology Co.,Ltd,more attention is still growing in the GEM market has not been spared.This article starts from Geeya Technology Co.,Ltd,a company listed on the GEM,as a "veteran" company that landed on the GEM in 2009.As the first unit of the GEM on the GEM,how to go to the position of financial fraud? Through combing and describing the case,Reviews its financial frauds and attempts to study several means of its financial fraud,and briefly analyzes the deep-seated reasons for its fraud,including the lack of internal management,the absence of external intermediaries,information asymmetry and regulatory loopholes And so on,to explore how to improve the financial management and internal control system of listed companies in GEM,how intermediary agencies can play their role,how to improve the system and mechanism of regulators,how to increase penalties and how to make counterfeiting based on the characteristics of the case companies means and motives,and put forward suggestions on governance in a targeted manner so as to better promote the sound and healthy development of the mechanism for the capital market.The main research method of this paper is to explore and analyze the combination of the real case and the theoretical discussion.From the brief review of the financialfraud process of Geeya Technology Co.,Ltd.,to analyze the financial falsification of Geeya Technology Co.,Ltd through the relevant theories,and to use it as a forgery,to get some ideas about financial fraud,and to suggest some kind of governance advice..This article analyzes the motivation of Geeya Technology Co.,Ltd fraud through the theory of financial fraud triangle theory and information asymmetry theory.Emphasizes the use of fraud triangle theory to analyze the pressure factors,counterfeiting opportunities and excuses of financial fraud,and reveals the means of financial counterfeiting,And then analyze its underlying causes,and then draw the basic conclusions,including the motivation of financial fraud and the lack of internal management and lack of external oversight,to explore how the GEM should improve financial management,intermediaries how to strengthen supervision,How regulators should intensify punishment and improve policies so as to draw the basic conclusions of this case and find out the reasons for the financial fraud in Chinese GEM listed companies and put forward targeted prevention and control proposals to explore the healthy development of capital markets reference meaning.This article only analyzes the case of GEM financial fraud listed companies,because of the time is short and most of the corporate information from the public media,the lack of first-hand inside the company comprehensive information,credibility needs to be strengthened and does not have the generalization ability,by This conclusion and enlightenment has its limitations.Hope that with the rapid development of the GEM market and the rapid implementation of the problem in the more unknown before it can provide similar solutions to problems that arise.