摘要
面对国民经济增速放缓、房地产行业发展疲软的经济态势,许多专家学者预测A股市场将成为下一个国民经济的主要增长点,但由于我国资本市场财务舞弊的监管力度不强,使得财务舞弊问题不断涌现,这种情况若不加以遏制,势必会成为A股市场未来健康发展的一大阻碍。对此,本文通过对浑水公司做空瑞幸咖啡的案例研究,进一步证实做空机制的外部治理效果的有效性,并将其与现有的“两板斧”舞弊监管模式作对比,从中发现,做空机制能够对现有的“两板斧”舞弊监管模式进行刺激,与之相互配合,取长补短,弥补现有市场监管的不足,形成一种更加激进有效的舞弊抑制机制。
In the face of the decline in the growth rate of national economy,many scholars believe that China's A⁃share market will become the main growth point of the next national economy.But because China's supervision of financial fraud on capital market is so weak that the financial fraud is serious,this kind of situation if not curbed,the development of the A⁃share market will be blocked seriously in the future.Therefore,this article through to Muddy Water shorting Luckin Coffee case studies,further verify the effectiveness of the shorting mechanism of external governance effect.From the research,we find that short⁃selling mechanism can stimulate the fraud supervision mode named"two⁃axes",and cooperate with it to make up for the shortcomings of the existing market supervision,and form a more radical and effective fraud suppression mechanism.
作者
秦志敏
余鹏飞
Zhimin Qin;Pengfei Yu
出处
《会计与控制评论》
2021年第2期224-245,共22页
Review of Accounting and Control
关键词
财务舞弊
做空
审计
中概股
financial fraud
short selling
audit
China Concept Stocks
