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Title: |
New Technology Revolution and Companys' Fraud in Information Disclosure |
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Source: |
International Conference on Engineering and Business Management 2012(Part 3 Engineering and Project Management)
(pp 1609-1612)
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Author(s): |
Ziqin Wen, College of Education, Jinan University, Guangzhou, China |
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Abstract: |
This article mainly analyzes the technical route that formats in the process of the listed company disinformation disclosure. The business model "winner always" caused by new technology revolution leads to the pressure caused the company to report phony accounting information ; the overtrade of individual investors that stems from the technology of trading online results in the opportunities that the enterprises publish disinformation to manipulate the market price ; financial derivatives transaction innovation provides the technical supports for fraudulent practices. The deconstruction of technology innovation mechanism provides a new way to understand the Sarbanes-Oxley act and regulation optimization.
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