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An Empirical Analysis Based on Multi-classification Logistic Regression Model to the Types of Accounting Fraud

Author: YuChunBo
Tutor: LiQing
School: Jilin University
Course: Accounting
Keywords: Accounting Fraud Type Accounting indicators Corporate governance indicators Multi- classification Logisitic regression
CLC: F224
Type: Master's thesis
Year: 2011
Downloads: 335
Quote: 0
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Abstract

Accounting fraud, deception accounting information users or users of financial statements, especially investors and creditors deliberate misstatements delayed disclosure or omissions amount. The efficient operation of the capital market and healthy operation depends largely on the quality of the accounting information received by the market, such information is not reliable is a direct result of the capital market ineffective and pathological. Foreign listed companies accounting fraud caused widespread concern, such as Enron, Xerox, World Com, Parmalat fraud incidents, each fraud incident affects people's nerves. It is estimated that the various companies in the United States alone, the organization each year due to the loss generated by the fraud at least more than 400 billion U.S. dollars, the average loss per company per year fraud brought to about 6% of its report total revenue. Compared to the situation abroad, with the rapid development of the domestic capital market in recent years, the issue of listed companies of fraud are becoming increasingly obvious, among which is particularly serious accounting fraud. Occurred before the domestic fraud cases, such as Guangxia, Zhengbaiwen and other fraud companies often in the company institutionally some serious problems. So in addition to the influential factors in the financial level, find the corporate governance structure and the organizational system of accounting fraud occurred increasingly become the focus of attention. Therefore, it is found that the mode of accounting fraud and identify accounting fraud is critical to economic growth and national prosperity, and to study the issue has important practical significance. Accounting issued to the 1994-2009 China Securities Regulatory Commission website the fraud penalties announcement modeled, selected from 189 occurred in the behavior of the accounting fraud, and not fraud company with fraud companies of similar size and the same type of industry for its pair together as an object of study, a total of 378 research samples. And the use of different indicators of accounting and corporate governance indicators with different type of accounting fraud company Multinomial Logistic Regression to study the fraud occurred motivation and related factors, the use of descriptive statistics and empirical research methods to identify the accounting indicators and corporate governance of listed companies relationship between indicators and accounting fraud, to help us understand corporate executives for accounting fraud, external audit and internal management help. Indicators of different accounting and corporate governance indicators, regression, analysis of the relationship between the explanatory variables and the explanatory variables. This article the following conclusions: (1) a corporate state shares with the proportion of the outstanding shares, has an important influence on whether the accounting fraud occurred. From the regression results, within the larger the proportion of state-owned shares, the smaller the proportion of outstanding shares, the enterprise is more prone to fraud. So, in recent years, the state has adopted the split share reform can play a role to curb accounting fraud. (2) The severity of the negative correlation of the the equity balance degree with accounting fraud. Corporate equity is too concentrated in the hands of a few, often not conducive to the development and growth of enterprises, equity average should be given to the hands of minority shareholders, this would both make the shareholders between inhibition, mutual supervision, in order to effectively curb accounting fraud occur. (3) the negative correlation between the severity of the of asset net profit margin of the accounting fraud. An enterprise in order to fundamentally curb accounting fraud occurred only through effective governance, and constantly improve all aspects of business, enhance the asset net profit margin in a reasonable and legitimate, so that corporate profitability and increased the capacity to reduce the accounting fraud occur. (4) negative correlation sales expense ratio for the period and the severity of the accounting fraud. The corporate sales expense ratio for the period reflects the level of enterprise management efficiency, whether low-cost. Cost rate to lower sales during the accounting fraud can only bring short-term benefits, is not conducive to the future development of enterprises. Only through effective management and cost control in order to fundamentally reduce the expense ratio of the sales period. (5) Big Shareholders positively correlated with the severity of the accounting fraud. Big Shareholders will bring serious hollowed out effect, erode the interests of small shareholders, influence the future development of the enterprise. Only strict monitoring and control of large shareholders can spend money in order to fundamentally inhibit the Big Shareholders behavior.

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