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In recent years, the state-owned enterprise executives and government officials, by the members of the board of directors, the third party audit institutions to realize the conspiracy for acquiring enterprise assets or increase their welfare cases are increasing. According to statistics, which caused the loss of state-owned assets a year on average,5%of the total assets of state-owned, that is at least a year more than1000yuan ($one hundred million loss. Not only such, conspiring to still make the structure of company treatment into chaos, management efficiency is low.This paper mainly studies our country state-owned enterprise of competent government officials and executives conspiracy between. Relative to the private enterprise, the state-owned enterprise and the relationship between the government is more complex, with dependence on government is also a greater degree. In the state-owned enterprise, senior executives and competent between officials of conspiring to becomes more widespread. This article first agency theory and conspiracy theory as a foundation, combined with the actual situation of China, to construct the state-owned enterprises in China with the competent executive between officials of conspiring to game model, through the model state-owned enterprises with the competent proof executives between officials are common the tendency of conspiracy, and that the influence of conspiring to three aspects:earnings performance, institutional constraints and official incentive. Then, in the2007to2011years of our country state-owned listed companies of the financial data, according to the influence of conspiring to three aspects, roll out seven hypothesis, further of state-owned enterprises and competent officials executives conspiracy to influence factors of the inspection. The results show that the better performance of surplus, the holding of large shareholdings ratio is high, the higher the institution equity percentage, the better constraint level system, financial risk is lower, the bigger the company, the executive director of the state-owned enterprises with officials conspiracy between the lower level. Finally, in combination with the specific situation of the state-owned enterprise, according to the model and the empirical research that influence factors of conspiring to put forward some prevention state-owned enterprises with competent officials of executive conspiracy between policy Suggestions.
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