Analysis and Governance Research on the Motives and Governance of Cross-Border Financial Fraud by Listed Companies
DOI:
https://doi.org/10.71222/cd76r336Keywords:
Cross-border financial fraud, Corporate governance, Listed companies, Financial reporting, Regulatory arbitrage, Internal controls, Fraudulent activitiesAbstract
This research article investigates the motives and governance mechanisms related to cross-border financial fraud perpetrated by listed companies. We analyze the contributing factors, including regulatory arbitrage, information asymmetry, and weakened internal controls, that enable such fraudulent activities. Furthermore, we examine the effectiveness of existing governance structures and propose enhanced oversight mechanisms to mitigate the risk of cross-border financial fraud. The study employs a multi-method approach, combining quantitative analysis of financial data with qualitative case studies of prominent instances of cross-border fraud. Our findings provide valuable insights for regulators, investors, and corporate boards seeking to strengthen governance practices and prevent future occurrences of cross-border financial misconduct. The policy implications of this research suggest the need for greater international cooperation, enhanced regulatory scrutiny, and improved corporate accountability in the global financial marketplace. The study also contributes to the academic literature on corporate governance and financial crime by providing an in-depth analysis of the specific challenges posed by cross-border fraud.References
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