摘要
在中国20多年的资本市场上,财务造假问题一直都存在。胜景山河因涉嫌IPO造假而在上市前半个小时被紧急叫停。类似IPO财务造假事件的屡屡发生,严重影响股民对证券股票市场的态度和信心。在这种情形下,研究IPO财务造假问题就显得尤为必要。分析研究公司首次公开发行中的财务造假问题,识别公司IPO过程中的财务造假手段,这样有助于从根源上保证上市公司的质量,对证券股票市场健康、有序发展有重要意义。
本论文采用了理论与实践相结合、定性分析与定量分析相结合的研究方法,阐述我国IPO公司财务造假的现状并对IPO财务造假被否的公司进行研究,运用财务管理中的相关知识识别判断胜景山河公司IPO过程中存在的财务造假问题,并运用博弈论的相关知识对IPO造假方和监管部门进行分析,旨在从更深层次上找到引致IPO财务造假问题的因素。最后针对这些问题和因素提出防范措施和治理建议。
In the20years of China's capital market, financial fraud issue has been there with time. Shengjing shanhe was suspected of being involved in IPO fraud and with an emergency stop half an hour before listing. IPO financial fraud incidents occurred frequently, seriously affecting investors on the attitude and confidence in the stock market. In such circumstances, the study on financial fraud IPO is particularly necessary. Analysis of the company's IPO financial fraud issues and identifying the financial means of forgery can ensure the quality of listed companies from the source, which has significant implications for the stock market developing in a healthy and ordered way.
This paper uses a combination of theory and practice, qualitative analysis and quantitative analysis of the combination of research methods, expounds China's IPO financial fraud and study on the company which hasn't accepted by the CSRC(China Securities Regulatory Commission). Also it uses financial management knowledge to distinguish IPO financial fraud and applies the knowledge of game theory for IPO fraud party and regulatory analysis, aiming at a deeper level to find factors which leads to IPO financial fraud.
Finally this paper Proposes preventive measures and treatment recommendations on these issues.
引文
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