摘 要随着我国经济的稳定发展和市场经济体制的逐渐完善，上市公司的数量和融资规模都不断提升。创业板市场的兴起给很多融资比较困难的中小型企业带来了更多希望，增加了这些企业融资的可能性，以弥补其资金方面的漏洞，提高市场竞争力。然而，在给中小企业带来便利的同时，由于创业板相对门槛较低、风险较大、市场监管力度不够，导致中小企业 IPO 财务造假现象层出不穷。这种行为不但会扰乱市场经济健康稳定发展，影响投资者的信心，还会使公司名誉受损、遭受处罚、甚至面临破产的风险。本文利用舞弊三角理论并以我国第一家在创业板因 IPO 财务舞弊而被强制退市的欣泰电气为例进行研究，从公司 IPO 财务造假的手段入手，对其舞弊动因进行分析且从各个方面提出了防范创业板公司 IPO 舞弊的具体措施。关键词：舞弊三角模型；IPO；财务舞弊；创业板公司PAGE \* MERGEFORMAT16AbstractWith the steady development of China's economy and the gradual improvement of the market economy system, the number and financing scale of listed companies are constantly increasing. The rise of the GEM market has brought more hope to many small and medium-sized enterprises with more difficulties in financing, increased the possibility of financing for these enterprises, in order to make up for the loopholes in their capital and improve their market competitiveness. However, while bringing convenience to small and medium-sized enterprises, due to the relatively low threshold of gem, high risk and insufficient market supervision, the phenomenon of IPO financial fraud of small and medium-sized enterprises emerges in an endless stream. This kind of behavior will not only disturb the healthy and stable development of market economy, affect the confidence of investors, but also damage the reputation of the company, suffer punishment and even face the risk of bankruptcy. This paper uses the triangle theory of fraud and takes Xintai electric, the first company in China to be forced ...
