The influencing factors and governance strategies of corporate misconduct from the perspective of collusion

Abstract

The corporate misconduct generally can cause significant losses to investors and the global economy Many scholars tried to from the aspect of the moral law to curb corporate wrongdoing, but the effect is not significant Investigate its reason, mainly is the scholars have different understanding of the impact of corporate wrongdoing factors, therefore, this study assumes that the CEO and the board is to maximize the enterprise value as a starting point, dedicated to build a set of reasonable theory model, the behavior of the enterprise are analyzed, and then explore the influence of expected value of the company Studies found that corporate wrongdoing in certain situations can really improve the company's final expected value, thereby prompting some CEO ventured on misconduct for corruption risk premia. At the same time, the smaller size The depression of the external economic environment, the more easy to improper implementation of the project, but the easy to detect its wrongdoing On this basis, this study puts forward the corresponding countermeasures and Suggestions, in order to effectively restrain corporate wrongdoing.