摘要
应用时间相依COX模型对中国A股上市公司2008~2015年发生的舞弊行为进行研究.从财务指标、股权结构、公司治理等方面来研究财务舞弊公司的特征,并给出每个指标的相对危险率.研究结果表明,公司规模越大,有标准无保留审计意见,速动比率越高,第一大股东持股比例越高及监事会持股比例越高的公司越不容易产生财务舞弊行为,而董事会会议次数越多的公司,越有可能出现财务舞弊.
Financial fraud of the listed companies taken place in China A share market from 2008 to 2015 was investigated. By using the time-dependent COX model, the characteristics of the financial fraud companies were analyzed from financial ratios, ownership structure, corporate governance and other aspects and the relative hazard rate of each factor was given. The results show that the greater the size of the company, getting a standard unqualified audit opinion, the greater its quick ratio, the higher the shareholding proportion of the controlling shareholder,and the higher the shareholding proportion of the board of supervisors, the smaller the likelihood that financial fraud will occur, while great frequency of board meetings will more likely result in financial fraud.
基金
国家自然科学基金青年基金项目(71301158)
教育部人文社会科学研究青年基金项目(13YJCZH134)资助
