Study on the Correlation Between Enterprise Crisis and Management Fraud
XU Li-sha · Huadong jingji guanli · 2004
This study obtained the management fraud firms from CSRC Releases issued between 1994 and 2004. On the basis of matching principle, this study selected nonfraud firms. Further more this study calculated the average level of industry. The results of the study suggest that the correlation between enterprise crisis and management fraud is prominent. Otherwise, the study confirmed several indexes can discriminate fraud firms. Although the financial reporting is fraudulent, these indexes can tell the right story.