Proceedings of the 2023 International Conference on Economic Management，Financial Innovation and Public Service (EMFIPS 2023)

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Research on the Relationship Between Financial Fraud and Short-selling Risk of Listed Companies

——Taking Luckin Coffee as an Example

Authors
Xiyuan Chen1, *
1School of Accounting and Finance, The Hong Kong Polytechnic University, Hong Kong, 100872, China
*Corresponding author. Email: Cywon23460@163.com
Corresponding Author
Xiyuan Chen
Available Online 21 June 2024.
DOI
10.2991/978-94-6463-441-9_48How to use a DOI?
Keywords
Financial fraud; short-selling risk; Luckin Coffee
Abstract

The financial fraud of listed companies is a major obstacle to the effective operation of China’s market and a key concern of academic circles. At present, the financial fraud of listed companies in China is becoming increasingly diversified, complicated and hidden, and its potential risks are becoming increasingly obvious, which has attracted the attention of short-selling institutions. Taking Luckin Coffee as the research object, this paper makes a complete and systematic study on the causal logic of fraud, risk and short selling, explores the three major fraud motives of Luckin Coffee, such as cash demand, governance demands and operational pressure, combs and analyzes the risks existing in in five aspects, such as information disclosure, listing model, business model, ownership structure and internal governance, as well as the short selling behavior of Muddy Water Research based on risks, and puts forward relevant suggestions to listed companies.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 International Conference on Economic Management，Financial Innovation and Public Service (EMFIPS 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
21 June 2024
ISBN
10.2991/978-94-6463-441-9_48
ISSN
2352-5428
DOI
10.2991/978-94-6463-441-9_48How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Xiyuan Chen
PY  - 2024
DA  - 2024/06/21
TI  - Research on the Relationship Between Financial Fraud and Short-selling Risk of Listed Companies
BT  - Proceedings of the 2023 International Conference on Economic Management，Financial Innovation and Public Service (EMFIPS 2023)
PB  - Atlantis Press
SP  - 564
EP  - 573
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-441-9_48
DO  - 10.2991/978-94-6463-441-9_48
ID  - Chen2024
ER  -