Research On The Influence Of Listed Company Ownership Structure On Management Fraud Based On The Perspective Of Organizational Benefits

Since the development of anti-fraud theory,accounting scandals in the stock market have continued to occur frequently.Under the intertwined and conflicting interests of all parties,the problems caused by ownership structure directly affect the survival and development of listed companies and the interests of the majority of investors.This article is based on China's capital market and explores the correlation between China's shareholding structure and management fraud,especially the influence of share concentration and nationalization on management fraud,in order to provides ideas for how companies can optimize the equity structure of listed companies and reduce the fraud risk of management.From the perspective of equity structure,this paper selects two types of research samples of fraud(based on sample companies punished by the CSRC)based on the purpose of empirical research and design requirements,and selects a group of non-fraud companies for matching.The sample,as a comparative study,uses a regression model to analyze the ownership structure of a fraud company that is different from a non-fraud company.The research results of this paper show that:(1)The fraud of the listed company's management to achieve organizational interests is positively related to equity concentration,and negatively related to the proportion of state-owned shares.(2)The fraud of the listed company's management to injure the interests of the organization is negatively related to the concentration of equity,and it is positively related to the proportion of state-owned shares.In the end,this article selects LeTV.com as a case study to analyze the causes of its management fraud.The study finds that the occurrence of fraud has a certain relationship with the equity structure,and to a certain extent,corroborates the conclusions obtained from empirical tests.Finally,this article summarizes the conclusions drawn from empirical tests and case studies,proposes the limitations of this paper,and provides direction for future research.The innovation of this paper lies in the fact that this article considers the nature of management fraud from the perspective of organizational interests,analyzes the causes of the fraud,and uses empirical research and case studies to study the relationship between management fraud and equity structure,which has enriched research in related fields.