Case Study On Financial Fraud Of Xintai Electric Companyds

In recent years,China's capital market has been developing at a rapid pace,and the securities market has gradually matured.At this stage,China's securities market can be said to play an important role in the world.Yet can not be ignored the problem of financial fraud,following the development of the securities market financial fraud is also constantly changing the designs again and again on a major news,because it will bring various harsh to capital market and even the whole nation,the influence of all kinds of topics about financial fraud has been closely watched.Over the years,regulators have uncovered a series of fraudulent listed companies,such as the western sky,wanfusheng,yunnan green land and so on.There is no denying that a company if the IPO is successful,will receive many benefits,so many companies in order to pursue more economic benefits can choose a variety of sources,but not all of the listed company can be successful,when hard financial company listed companies cannot reach standard,often on a path to whitewash financial statements fraud,fraud while can bring economic benefits to a brief,but in the long run is still the disadvantages far outweigh the beneficial,for operators and investors may cause huge economic losses,is also a stumbling block for the capital market,more serious is that would disrupt China's economic progress.Although the securities market in China has developed at high speed,but the related laws and regulations there are still many flaws,supervision system is still not mature enough,the government departments to prevent the occurrence of financial fraud has adopted a series of measures to strengthen the penalties for counterfeiting,issued a series of laws and regulations,measures such as encouraging equity incentive system did not achieve the desired effect,in fact is still has a lot of companies are tempted by interests.In July 2016,the securities and exchange commission has announced that xin tai electric in listed in the process of financial fraud,has carried on the punishment to relevant personnel,and force hin tai electric delisting,xin tai electric "fame",became the first force for financial fraud and the delisting of the enterprise,so the financial fraud and select xin tai electric for case study has certain significance.In this paper,based on the case of xin tai electric fraud,based on game theory and GONE motivation theory ask for xin tai electric choose fraud motivation to study,analysis of financial data before and after the listing,hope on the financial index xin tai electric financial fraud to find clues,and explore in the process of the fraud company adopted what means,what are the effects.Finally,based on the above analysis,the author puts forward relevant Suggestions and draws conclusions and inspirations.Despite many scholars at home and abroad for its research,the financial fraud is still a diverse and complicated research problem,this article there will be many not ideal place and not mature,but still hope this article can provide some reference to the research of financial fraud.