中文摘要：

从我国上市公司高管犯罪数据出发，在描述犯罪现状的基础上对其成因及后果进行探讨。研究发现：受贿、挪用公款／资金和贪污是高管犯罪最频繁的三大类型；高管犯罪主要受宏观和公司层面因素影响，且公司和个人层面犯罪、国有企业和非国有企业犯罪的影响因素存在差异；高管犯罪查处会引起市场反应，市场也会隐性捕捉到司法机构的处罚力度。

英文摘要：

Based on the top management＇s crime data of Chinese A-share listed companies, this paper describes the status, dis- tribution of.top management＇s crime and further explore the cause and effects. This study finds that： （1）bribery, embezzlement and corruption are the most frequent crime types; （2）top management＇s crime is mainly affected by the macro and company factors, the factors between corporate and personal crime, state-owned and non-state-owned enterprises are different; （3）top management＇s crime caused the market reaction, and these reactions are captured by the judiciary. This paper is useful to understand crime and provide empirical evidence for regulators to suppress corruption, for investors to screen high-risk enterprises.