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Analysis and Countermeasures of Financial Fraud of Listed Companies—Taking Greencool Incident as an Example

Shumin Ge

Abstract


The sustainable development of China’s economy stimulates the continuous increase in the number of listed companies, and the competition among them is also intensifying. Financial fraud is used to cover up the real operation of the company, which has a serious impact on the order of economic development. So, it is necessary to analyze the causes of financial fraud of listed companies, and we need to deal with the behavior from the root. Therefore, this article selects one of the typical cases in this field, Greencool incident, and combines with the fraud triangle theory to explore the essential causes of financial fraud, and puts forward relevant governance countermeasures, so as to reduce the occurrence of financial fraud.


Keywords


Financial Fraud; Greencool Incident; Fraud Triangle Theory; Governance Countermeasures

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References


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DOI: http://dx.doi.org/10.18686/fm.v5i4.2774

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