Analysis of Financial Fraud in Listed Companies based on Luckin Coffee
DOI:
https://doi.org/10.54691/x44w8j05Keywords:
Lucky Coffee, Financial Fraud, Listed Company, Reasons for Fraud.Abstract
During the vigorous development of the global capital market, financial fraud has been rampant. Both domestic and foreign enterprises have affected the market order. Taking Luckin Coffee as the research object, through case analysis, this paper explores the overview, causes and impacts of its financial fraud, and proposes corresponding countermeasures and suggestions. The data comes from Luckin Coffee's own financial statements, Humin's short-selling report, and relevant references. The study shows that the fraud has led to changes in Luckin Coffee's management, negatively impacted Chinese listed companies in the market, decreased trust, and promoted reforms in international capital market regulatory rules.
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