Financial Fraud in China Concept Stock: Identification, Reasons, and Solutions

Zhaotong Ding; Siying Chen; Huanxi Ma

doi:10.54254/2754-1169/32/20231572

Research Article

Open access

Published on 10 November 2023

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Ding,Z.;Chen,S.;Ma,H. (2023). Financial Fraud in China Concept Stock: Identification, Reasons, and Solutions. Advances in Economics, Management and Political Sciences,32,86-97.

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Financial Fraud in China Concept Stock: Identification, Reasons, and Solutions

Zhaotong Ding *^,1, Siying Chen ², Huanxi Ma ³

¹ Peking University
² Wuhan University of Technology
³ High School Affiliated to Nanjing Normal University (IB)

* Author to whom correspondence should be addressed.

https://doi.org/10.54254/2754-1169/32/20231572

Abstract

In recent years, with the fraud of Luckin Coffee, the financial fraud of China concept stock has become the focus of attention again. In this regard, This work first analyzed the characteristics and causes of financial fraud, and then tried to use M and F scores to test the data collected, to see whether M and F scores could warn people before fraud. After that, reflecting on our research, this work pointed out some characteristics and reasons of financial fraud in China concept stock, and finally gave some solutions to financial fraud.

Keywords

fraud, detection, M score, F score, Chinese concept stock

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References

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Cite this article

Ding,Z.;Chen,S.;Ma,H. (2023). Financial Fraud in China Concept Stock: Identification, Reasons, and Solutions. Advances in Economics, Management and Political Sciences,32,86-97.

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About volume

Volume title: Proceedings of the 7th International Conference on Economic Management and Green Development

Conference website: https://www.icemgd.org/

ISBN：978-1-83558-085-1(Print) / 978-1-83558-086-8(Online)

Conference date: 6 August 2023

Editor：Canh Thien Dang

Series: Advances in Economics, Management and Political Sciences

Volume number: Vol.32

ISSN：2754-1169(Print) / 2754-1177(Online)

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