The Chinese Certified Public Accountant pp. 42-46.
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Note - this is a foreign language paper: CHI
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Abstract: This paper uses the improved Benford's law compliance index to measure the financial fraud risk of enterprises, and based on the "GSX" short-selling event of Chinese concept stocks, studies the financial fraud risk governance effect of active short-selling on target companies and similar target companies. The research found that active short selling suppressed the financial fraud of the target company, and after the target company was actively shorted, its financial fraud risk dropped significantly; The financial fraud governance function of active shorting has a spillover effect. Further analysis shows that active short selling mainly plays a governance role by attracting regulatory attention, increasing the risk of shareholder litigation, and urging auditors to abide by professional prudence.
Bibtex:
@article {,
AUTHOR = {Jiamin Wang and Ding He},
TITLE = {Financial Fraud Risk Governance Effect of Actively Shorting Chinese Concept Stocks——A Case Study Based on Benford's Law Compliance Test},
JOURNAL = {The Chinese Certified Public Accountant},
YEAR = {2022},
VOLUME = {42--46},
NUMBER = {},
PAGES = {},
DOI = {},
URL = {},
}
Reference Type: Journal Article
Subject Area(s): Not specified