The Model of Financial Fraud Behaviors of Listed Companies in China
Peng Li · Sci-Tech Information Development & Economy · 2008
This paper divides the motivations of the accounting fraud into two kinds:maximizing the managers’benefits and maximizing the listed company’s benefits,and based on this,places the accounting fraud behaviors of listed companies under the combined action of the contract theory,the Information asymmetry mechanism and the stakeholder theory,and constructs a model for analyzing the accounting fraud behaviors of listed companies,and puts forward the operational concept of multi-zone supervision,which provides a theoretical method for making all-round analysis on the accounting fraud behaviors of listed companies from enterprise strategy,microscopic operation to macroscopic supervision.