瑞幸咖啡财务造假的动机——基于收支平衡角度分析

The Motivation of Luckin Coffee’s Financial Fraud—Analysis Based on the Perspective of Revenue and Expenditure

摘要: 本文从收支平衡的角度分析瑞幸咖啡财务造假产生的动机。分析发现，由于瑞幸咖啡不合理、不可持续的商业模式，导致公司经营长期陷入收入远低于成本的境地；此外，由于其财务造假的预期收入远高于预期成本。因此，本文认为瑞幸咖啡财务造假的动机与支出和收入之间存在密切联系。最后，针对其造假的动机，本文认为上市公司要通过完善商业模式，加强资源整合，加大技术、产品创新资金投入来提高当期收入。加强以政府主导为辅的内部控制审计和跨境监管合作来提高财务造假预期成本，以此来抑制财务造假行为的发生。

Abstract: This paper analyzes the motivation of Luckin Coffee’s financial fraud from the perspective of balance. The analysis found that due to Luckin’s unreasonable and unsustainable business model, the company’s long-term revenue is far below cost; moreover, the expected revenue from its financial fraud is much higher than expected costs. Therefore, this paper believes that there is a close link between the motivation for Luckin Coffee’s financial fraud and spending and revenue. Finally, in view of its motivation for fraud, this paper believes that listed companies should improve their current income by improving their business model, strengthening resource integration, and increasing their capital investment in technology and product innovation. Strengthen internal control audit and cross-border supervision cooperation supplemented by government-led guidance to improve the expected cost of financial fraud to curb the occurrence of financial fraud.