Positive Research on the Financial Fraud Recognizing of Listed Companies:Evidence from Stock A
Xia Yi-qun · Journal of Jiangsu Vocational and Technical Institute of Economics and Commerce · 2009
In this paper,the A-share listed companies are reviewed as samples which had behavior of financial reporting fraud during from 1999 to June 30,2008 and were noticed by Securities Commission,studying the relevant factors which cause malpractices from financial and non-financial perspective.Based on the analysis of company shares,internal administering,external audit and corporate finance,it's found that the higher degree of concentration of ownership,the higher proportion of the board of supervisors of the company lower the possibility of fraud;the part-time chairman of the board and general manager's company are vulnerable to financial fraud;the company with fraud is more likely to be issued by non-unqualified audit opinion and to change accounting office compared with the non-fraud.In addition,the possibility of fraud is positively related with the main business revenue growth rate,negatively related with the rate of assets and liabilities.