Research On Induced Mechanism And Financial Fraud Of Valuation Adjustment Mechanism

In recent years,wager agreement is more and more widely used in capital transaction such as reorganization and listing,merger and acquisition,financing and so on.However,in practice,some enterprises are forced to complete the terms of gambling,through improper means to whitewash financial statements for financial fraud,into the "gambling trap".Therefore,it is of certain theoretical and practical significance to study the case of financial fraud induced by ST Baxter signing a bet agreement.This paper selects ST Baite as the research object,and USES the literature research method to sort out and summarize the relevant research on bet agreement and financial fraud,which lays a foundation for the case analysis in the following paper.Then,the case analysis method is used to analyze the case of financial fraud induced by ST Baxter signing the bet agreement.Firstly,it reviews the case of ST Baxter,and then through comparative analysis and data statistics,it explores the internal and external mechanisms of financial fraud induced by the signing of the bet agreement of ST Baxter,so as to propose targeted risk prevention measures.Induced in this paper,the ST Baite bet agreement through analysis of the financial fraud study the following conclusions:(1)bet agreement induced internal mechanism of financial fraud including financial performance pressure,financing and listed the pressure compensation commitment,performance and effect of "greenwashing" short-term behavior and management of data,bet agreement induced the external mechanism of financial fraud including enterprise valuation difficult,investment law is imperfect,low cost for fraud,financial fraud intermediary institution failure.(2)due to the financial fraud induced by the bet agreement,ST Baite was punished,which increased the financial risk,caused the financial loss of minority shareholders,damaged the company's reputation and paid a heavy price.(3)aiming at the inducing mechanism,this paper proposes that the internal mechanism can use more flexible indicators in the bet agreement,and the financing party should reasonably expand the financing channels.In addition,the game structure should be repeated when designing the bet agreement,so as to improve the enterprise's management level and strengthen the internal control.From the perspective of external mechanism,the financial fraud risk can be prevented by reasonable positioning to avoid the valuation bubble,improve the relevant legal system,increase the fraud cost,and strengthen the market and government supervision.This paper hopes to reduce the occurrence of financial fraud induced by gambling on enterprises and to be helpful to the work of the supervision department through the case analysis of the study on the mechanism and risk prevention of financial fraud induced by gambling agreement.