Research On H Corporate Financial Fraud From The Perspective Of Corporate Governance

With the continuous development of the economies of various countries,all kinds of corporate financial fraud emerge,which not only involves huge amount of capital,but also elevates the hazard.For the time being,although China has formulated relevant laws and regulations to prevent the occurrence of similar problems,the effect is not significant at present,and financial frauds can be seen endlessly.Whether the governance mechanism of listed companies is sound has become a more critical issue.Investigating the generation and governance of financial fraud from the perspective of the company's external governance and internal governance is an inhibitory action for the occurrence of financial fraud,and more effectively promote the steady development of China's securities market.The text first combs the relevant literature on the causes of corporate governance and financial fraud at home and abroad and the status of corporate governance.Based on this,it introduces the relevant theories of corporate governance and analyzes the relationship between corporate governance and financial fraud,Proposed the impact of internal governance structures such as shareholders,the board of directors,the board of supervisors and management,and external governance mechanisms such as governments,intermediaries,and institutional investors on financial fraud.In the case analysis section,taking the financial fraud case of listed company H as an example,this paper focuses on analyzing the fraud methods of H company.And from the perspective of corporate governance,it discusses the deficiencies of corporate governance structure and external governance mechanism,and puts forward corresponding sound governance countermeasures on the basis of analysis above,which has certain practical significance for the governance of financial fraud in listed companies.The study results show that from the perspective of internal governance,the equity structure whose actual controllers are relatively concentrated could easily lead to financial fraud.In addition,the excessive overlap of members of the board of directors and the board of supervisors created opportunities for financial fraud.Secondly,as the company's core executives are appointed by the controlling shareholder,they maintain their jobs safely,lack sufficient incentives and face high pressure of financial performance sometimes,which provide the soil for company H to make financial fraud.From the perspective of external governance mechanism,the imperfect governance mechanism of government,market and external supervision and intermediary agencies also provides a shortcut for companies H to counterfeit.Finally,targeting at the fraud caused by the governance problem and from the perspective of corporate governance,this paper draws up the governance countermeasures for improving the financial fraud of listed companies,aiming to creates a decent internal and external environment for the development of the capital market.