Research on Financial Fraud Identification Mechanisms Incorporating ESG Information
05 feb 2025
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Publicado en línea: 05 feb 2025
Recibido: 05 sept 2024
Aceptado: 17 dic 2024
DOI: https://doi.org/10.2478/amns-2025-0058
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© 2025 Xiaoyu Fu, published by Sciendo
This work is licensed under the Creative Commons Attribution 4.0 International License.
Figure 1.
Figure 2.
Figure 3.
Govern dimension score
| Rating time | Best peer score | Worse peer score | Average peer score | K score | Rank |
| 2015 | 14.077 | 9.433 | 11.407 | 10.449 | 17/22 |
| 2016 | 16.639 | 10.795 | 13.249 | 9.947 | 17/17 |
| 2017 | 15.160 | 10.409 | 13.327 | 10.794 | 13/16 |
| 2018 | 17.923 | 8.882 | 14.234 | 10.445 | 18/21 |
Society responsibility dimension score
| Rating time | Best peer score | Worse peer score | Average peer score | K score | Rank |
| 2015 | 25.920 | 14.705 | 17.081 | 15.253 | 14/22 |
| 2016 | 25.043 | 15.785 | 17.552 | 16.048 | 11/17 |
| 2017 | 22.274 | 13.019 | 17.965 | 17.964 | 4/16 |
| 2018 | 21.957 | 11.818 | 17.755 | 17.587 | 12/21 |
Performance evaluation of different models
| Model | Accuracy(%) | Precision(%) | Recall(%) | F1(%) | Time(s) |
| SVM | 79.48 | 69.27 | 77.19 | 73.01 | 1585 |
| BP | 85.28 | 81.07 | 72.84 | 76.73 | 2582 |
| RF | 90.49 | 76.66 | 74.76 | 75.70 | 2150 |
| GBDT | 91.52 | 85.21 | 68.85 | 76.16 | 620 |
| XGBoost |
Environmental dimension score
| Rating time | Best peer score | Worse peer score | Average peer score | K score | Rank |
| 2015 | 23.797 | 14.563 | 16.516 | 18.407 | 10/22 |
| 2016 | 24.839 | 15.875 | 17.183 | 15.759 | 7/17 |
| 2017 | 23.404 | 14.274 | 19.199 | 17.456 | 8/16 |
| 2018 | 28.434 | 16.184 | 17.786 | 23.066 | 6/21 |
The distribution of financial fraud companies
| Year | Number of listed companies | The number of corrupt companies | The proportion of fraudulent companies among the listed companies in that year(%) |
| 1998 | 829 | 27 | 3.26% |
| 1999 | 927 | 40 | 4.31% |
| 2000 | 1060 | 51 | 4.81% |
| 2001 | 1141 | 34 | 2.98% |
| 2002 | 1201 | 41 | 3.41% |
| 2003 | 1265 | 53 | 4.19% |
| 2004 | 1355 | 48 | 3.54% |
| 2005 | 1352 | 31 | 2.29% |
| 2006 | 1430 | 29 | 2.03% |
| 2007 | 1547 | 28 | 1.81% |
| 2008 | 1604 | 25 | 1.56% |
| 2009 | 1753 | 30 | 1.71% |
| 2010 | 2102 | 37 | 1.76% |
| 2011 | 2344 | 50 | 2.13% |
| 2012 | 2471 | 70 | 2.83% |
| 2013 | 2518 | 64 | 2.54% |
| 2014 | 2634 | 93 | 3.53% |
| 2015 | 2822 | 124 | 4.39% |
| 2016 | 3123 | 171 | 5.48% |
| 2017 | 3495 | 208 | 5.95% |
| 2018 | 3588 | 187 | 5.21% |
| Sum | 40561 | 1441 | 3.55% |